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    Home Unlabelled Cryptocurrency New Moons Are Ready! (Round 1)

    Cryptocurrency New Moons Are Ready! (Round 1)

    June 18, 2020

    Cryptocurrency New Moons Are Ready! (Round 1)

    New Moons Are Ready! (Round 1)

    Posted: 17 Jun 2020 11:46 AM PDT

    The next distribution of Moons is ready. You can claim your Moons through the Vault in the Reddit mobile app (iOS/Android).

    Moons are r/CryptoCurrency's form of Community Points, a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.

    Here is the finalized list, with contribution scores signed by Reddit (users with no signatures yet do not have a registered Vault. They will be able to claim their Moons when they create their Vault through the Reddit app).

    submitted by /u/CommunityPoints
    [link] [comments]

    Daily Discussion - June 18, 2020 (GMT+0)

    Posted: 17 Jun 2020 05:11 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.

    Disclaimer:

    Though karma rules still apply, moderation is less stringent on this thread than on the rest of the sub. Therefore, consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

    Rules:

    • All sub rules apply in this thread. The prior exemption for karma and age requirements is no longer in effect.
    • Discussion topics must be related to cryptocurrency.
    • Comments will be sorted by newest first.

    To see prior Skeptics Discussions, click here.

    submitted by /u/AutoModerator
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    Bolton: Trump told Treasury secretary to 'go after' Bitcoin. Trump administration has long been skeptical of cryptocurrencies and released new guidelines for the trading and selling of the currencies earlier this year.

    Posted: 17 Jun 2020 11:28 PM PDT

    Gaming giant Ubisoft launches Ethereum-based game 'Rabbids Token'

    Posted: 17 Jun 2020 12:11 PM PDT

    Top 10 Countries by Inflation Rate 1980-2018

    Posted: 17 Jun 2020 09:41 PM PDT

    Staking is becoming more and more popular within the cryptocurrency community, but what is it? Which cryptocurrencies should we stake, and what APR should we expect?

    Posted: 17 Jun 2020 06:44 PM PDT

    Friend got this today from PayPal. This is why we need cryptocurrency. I've never seen such a blatant theft by a payment system.

    Posted: 17 Jun 2020 07:48 PM PDT

    Buy Donuts with BTC at the Polish beach, nice!

    Posted: 18 Jun 2020 03:11 AM PDT

    Vandal - Toss A Coin (Official Music Video)

    Posted: 18 Jun 2020 01:18 AM PDT

    "The breakthrough for all of this was triple-entry accounting" | Anthony Pompliano shares a fresh perspective on the value proposition Bitcoin and Cryptocurrency in 2020

    Posted: 17 Jun 2020 01:30 PM PDT

    StablePay - Receive crypto payments converted into DAI

    Posted: 18 Jun 2020 02:34 AM PDT

    Bancor network vulnerability (they are still yet to tweet about it) PLEASE CHECK YOUR ACCOUNTS

    Posted: 17 Jun 2020 10:07 PM PDT

    Yesterday they released their v0.6 smart contract and there is an issue. This does not inspire confidence given they lost 23.5 million from a hack in 2018:

    https://techcrunch.com/2018/07/10/bancor-loses-23-5m/

    This is from their admin on Telegram: 40 mins ago

    Dear Community,

    Last night at 12:00AM GMT, a vulnerability was discovered in a new version of the BancorNetwork v0.6 smart contract deployed on June 16 2020.

    All user funds are safe.

    We have deployed a new version of the BancorNetwork contract that fixes the vulnerability.

    If you have interacted with Bancor in the last 48 hours, please follow the steps below to check if your wallet has been affected.

    For MetaMask or external wallet users see below, for Bancor Wallet users skip to "Instructions for Bancor Wallet users".

    ——

    Instructions for MetaMask and external wallet users

    1. Visit https://approved.zone/ - your MetaMask or external wallet will be automatically connected.

    2. Search the web page for the following 3 smart contract addresses:

    - 0x8dFEB86C7C962577deD19AB2050AC78654feA9F7

    - 0x5f58058C0eC971492166763c8C22632B583F667f

    - 0x923cAb01E6a4639664aa64B76396Eec0ea7d3a5f

    1. If the smart contract address is found on the page, you will see a purple button below to the address "Decline for contract".

    2. Click on it, and confirm the transaction in your wallet.

    3. If you've seen one of the affected network addresses in the approved.zone page, proceed with these steps to inform us:

    - visit support.bancor.network

    - send a support ticket with your wallet address

    Upon receiving the support ticket and verifying the affected token amounts, we will transfer the exact amounts of the affected funds to your wallet.

    ——

    Instructions for Bancor Wallet users

    1. Retrieve Bancor wallet address:

    - go to bancor.network

    - go to "My Wallet"

    - click the "My Address" button"

    - select "ETH"

    - you'll see your wallet address

    - copy your wallet address

    1. Visit https://approved.zone/ - paste your Bancor wallet address into the search bar.

    2. Search the web page for the following 3 smart contract addresses:

    - 0x8dFEB86C7C962577deD19AB2050AC78654feA9F7

    - 0x5f58058C0eC971492166763c8C22632B583F667f

    - 0x923cAb01E6a4639664aa64B76396Eec0ea7d3a5f

    1. If one of the smart contract addresses is found on the page, go back to bancor.network and perform a small conversion on bancor.network. Once executed, the conversion will immediately revoke all approvals to the affected BancorNetwork contracts.

    2. Then, proceed with these steps to inform us:

    - visit support.bancor.network

    - send a support ticket with your wallet address

    Upon receiving the support ticket and verifying the affected token amounts, we will transfer the exact amounts of the affected funds to your wallet.

    submitted by /u/NanoIsGreen
    [link] [comments]

    Calculating the value of Moon tokens using Metcalfe's Law

    Posted: 17 Jun 2020 04:01 PM PDT

    I have seen a few posts here with users wondering what the price of Moon tokens on this sub are worth, and while they're "technically" not worth anything, I thought it would be fun coming up with an estimate as to how much each token is roughly worth. To do this, I measured using a metric called "Metcalfe's Law". Metcalfe's Law states that the value of a network is n log(n) of the number of participants within the network.

    For the calculations and statistics I'm using here, I'm getting my information from bitinfocharts.com. I figured to start with measuring this metric through the number of active users on this subreddit. For these metrics, I think it is fair to take the statistics of the last week into consideration, so that there are no outliers in this data set. Since these tokens are technically on Ethereum, that means I will be using some Ethereum statistics in this to get as accurate results as possible.

    Now for determining the active number of users on the network, I took the top post for this entire week (which has 3,200 upvotes + 300 comments), and assumed an engagement rate of 2.5% (This is the average engagement rates of posts on social media). Using this, the number of active users in the sub can be calculated to be ~140,000. Using this figure, and entering it in the equation v = n log(n), we get a network value of ~720,500.

    With this value in mind, we have to multiply it by some metric, so for this figure, I decided to multiply it by the median transaction value for Ethereum (7 day SMA). Though there are no available current metrics for median transaction value, the last SMA value for median transaction value is $0.013. I chose the median transaction value because unlike Ethereum, Moons aren't used for wealth transfer or large transactions. Otherwise, I would take the average transaction value into consideration. Multiplying this, the total market cap of Moon tokens is $9,365.95. This gives each token a value of ~$0.000605 per token. Looking at these metrics, this means the user who currently earned the most moons this month earned ~$28.52.

    Just to show you how accurate this metric is, I'm going to compare it using the active addresses of some of the top coins, and the average transaction value (since other currencies ARE used for wealth transfer) and compare it to the real market cap of these coins:

    Coin Market Cap Metcalfe's Law Market Cap
    Bitcoin ~$174,000,000,000 ~$125,850,000,000
    Ethereum ~$25,955,000,000 ~$1,188,000,000
    Bitcoin Cash ~$4,425,000,000 ~$3,230,000,000
    Bitcoin SV ~$3,280,000,000 ~$10,560,000
    Litecoin ~$2,860,000,000 ~$1,380,000,000

    * I think mainly the only reason there is a discrepancy for Ethereum is partly because it's not a currency intended for wealth transfer, but is more focused on creating dApps, and developing DeFi

    submitted by /u/1MightBeAPenguin
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    That sweet sweet “Claim your moons” animation... [My OCD side only sees: 21 more moons and I’m perfectly binary!]

    Posted: 17 Jun 2020 06:41 PM PDT

    Bancor Security Vulnerability in smart contract leaves users with lost funds

    Posted: 18 Jun 2020 04:06 AM PDT

    'Satoshi Nakamoto’s Next-Level Strategy Will Propel Bitcoin (BTC) Beyond $200,000, Says Preston Pysh'

    Posted: 18 Jun 2020 03:31 AM PDT

    Gaming Giant Ubisoft Teams up With Axie Infinity!

    Posted: 17 Jun 2020 07:30 PM PDT

    https://medium.com/@AxieInfinity/axie-infinity-is-participating-in-ubisoft-entrepreneurs-lab-season-5-faaa69efd5f5

    The Sky Mavis team will be working closely with Ubisoft experts to prepare Axie Infinity for a mainstream release. This includes areas like Free-To-Play, onboarding, progression systems, and the traditional player journey.

    Interest from industry leaders like Ubisoft signals that Blockchain Games are here to stay. Non-Fungible Tokens bring freedom, property rights, and new commercial opportunities to gamers. This is a revolution that's steadily gaining momentum and recruiting allies from the mainstream gaming space.

    submitted by /u/JamesGatz_thehomie
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    Russia's Ministry of Justice Latest to Criticize Proposed Crypto Ban

    Posted: 18 Jun 2020 01:54 AM PDT

    I lost everything on this coin

    Posted: 17 Jun 2020 01:58 PM PDT

    Who Funds Bitcoin Development? BitMEX Research 28 Mar 2020

    Posted: 17 Jun 2020 01:28 PM PDT

    To all cryptocurrency traders on this community, be careful out there

    Posted: 17 Jun 2020 11:04 PM PDT

    Great BRRRRRRitain - Bank pumps £100bn into UK economy to aid recovery

    Posted: 18 Jun 2020 04:11 AM PDT

    What Miner Fee Should I Use?

    Posted: 18 Jun 2020 03:35 AM PDT

    ‘Bitcoin Boomers’ Fuel Volume Growth at Startup River Financial

    Posted: 17 Jun 2020 08:56 AM PDT

    $1500 Decentralized Blog Contest by Unstoppable Domains!

    Posted: 17 Jun 2020 10:28 AM PDT

    Hey everyone,

    We recently released a blog template that allows any user to create and deploy a blog to IPFS in a few minutes.

    To celebrate, we are launching a competition to reward the top 15 decentralized blogs from a pool of $1,500 Ethereum!

    Rules:

    1. Create a decentralized blog using our template.
    2. Reply with your .crypto domain on this Twitter post before June 24th at 9 AM EST.
    3. 15 winning blogs will be announced on June 25th. Each winning blog will receive $100 in ETH.

    Feel free to write about any topic you are interested in. We are looking for original, creative, insightful content.

    How can I create a decentralized blog?

    We have a video and a text guide that explains how you can create a decentralized blog with a few clicks.

    Looking for inspiration?

    Here are a handful of blogs that have been released so far:

    (Use Opera for Android, the Unstoppable Extension for Chrome, Edge, and Brave, or the Unstoppable Blockchain Browser to view the blogs)

    • MeltemDemirors.crypto
    • TimDraperBlog.crypto
    • CamilaRusso.crypto
    • IvanOnTechBlog.crypto
    • AmandaCassatt.crypto
    • wmougayar.crypto
    • Playtoearn.crypto

    Don't have a .crypto domain? You can get one for free by participating in this giveaway with Opera.

    submitted by /u/MagoCrypto
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    BarterTrade – Welcoming the masses - The Bitcoin News

    Posted: 18 Jun 2020 02:53 AM PDT
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