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    Thursday, June 11, 2020

    Cryptocurrency New Moons Distribution (Round 1 Proposal)

    Cryptocurrency New Moons Distribution (Round 1 Proposal)


    New Moons Distribution (Round 1 Proposal)

    Posted: 10 Jun 2020 01:12 PM PDT

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

    Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish.

    Here is the karma data for this round.

    To propose an alternative distribution:

    • Create a CSV with alternative contribution scores. Use the same format as the CSV linked here.
    • The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative.
    • Make a poll to have the community vote on your proposal. Link to the CSV from your post, and include an accurate description of the changes you are proposing.
    • If the poll meets quorum (50% of Moons need to vote in it) and passes (according to the weighted results), the new list becomes the official contribution values (unless there is eveidence of abuse in the vote, such as bribery).
    • In case of multiple polls passing, the one with the most Moons cast in favor will be the official one.
    • If no alternative passes, the data provided here will become official.

    The contribution scores for this round will be finalized on 2020-06-17. Any poll proposing an alternative needs to be completed by then.

    After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app.

    submitted by /u/CommunityPoints
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    Daily Discussion - June 11, 2020 (GMT+0)

    Posted: 10 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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    3 bitcoin transactions worth over $1.3 billion in block 634,133

    Posted: 10 Jun 2020 08:32 PM PDT

    European bank admits using stablecoin USDC instead of SWIFT for faster cross-border transfers

    Posted: 10 Jun 2020 09:47 AM PDT

    Laszlo Hanyecz, Thanks for Bitcoin Pizza Day

    Posted: 10 Jun 2020 04:13 PM PDT

    Coinbase exploring support for 18 new digital assets, nano not included

    Posted: 10 Jun 2020 02:35 PM PDT

    The tide is likely changing in crypto and I don't think the next bullrun will be as widespread over the market.

    Posted: 11 Jun 2020 02:55 AM PDT

    In 2017 some alts pumped purely because they were advertised as Bitcoin or Ethereum but with scalability. In the years since then, time has kind of proved these coins wrong and that scaling something with no adoption from the community is kind of pointless.

    A lot of people are looking at 2017 to try and predict which coins will pump the hardest in the next run. I think this is a bad idea, the space has changed quite a bit. The bitcoin movement has grown stronger and the Ethereum ecosystem is certainly more than just cryptokitties. But most importantly, people have learned that starting a completely new network from scratch to gain an extra TPS advantage is a terrible and unsustainable idea. If this space is going to work, which Im sure it will, we will use less chains not more chains. As stupid as the retail market is, you can only shill them a new verison of BTC or ETH a handful of times before they get sick of being dumped on and realise why people stick with the major coins. Or put another way, every new network which get introduced as a "better" alternative, discredits the next one.

    Theres a very strong bullish case for buying into the market right now and its likely only going to get stronger throughout the year. Just make sure you're in something which has a community wider than 1 subreddit full of shills and remember that the first mover advantage which major coins had in 2017, when everything failed to overtake them, is even stronger now.

    submitted by /u/Oxygenjacket
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    When Coinbase adds support for new digital assets, bullish behavior can often follow." Coinbase is exploring support for 18 new digital assets such as Aragon (ANT), Arweave (AR), Bancor (BNT), DigiByte (DGB), Siacoin (SC) and others

    Posted: 10 Jun 2020 11:23 PM PDT

    USD-Pegged Stablecoins Are The New Investment Vehicles for Capital Control Flight

    Posted: 11 Jun 2020 01:18 AM PDT

    Oops! The ETH Gas Price is too damn high! (508,034,850 Gwei)

    Posted: 10 Jun 2020 11:03 PM PDT

    Someone transferred 0.55 ETH but had to pay $2.6 million in fees

    Posted: 10 Jun 2020 06:02 AM PDT

    The Looming Bank Collapse: The U.S. financial system could be on the cusp of calamity. This time, we might not be able to save it.

    Posted: 10 Jun 2020 09:12 AM PDT

    Poll: Weigh comment karma 2x of post karma for Moon distribution

    Posted: 10 Jun 2020 05:44 PM PDT

    This poll is in response to better equalize comment contribution vs post contribution (where spamming can be abused) for Moon distribution.

    *I apparently need to satisfy a character length quota so here my feeble attempt in doing so. :)

    View Poll

    submitted by /u/flarged
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    Over $4 Million in Bitcoin From the 2016 Bitfinex Hack Is On The Move

    Posted: 10 Jun 2020 06:02 PM PDT

    Bitcoin has bounced off of this line dozens of times in the last 3 months, but never falling underneath it. Very impressive really.

    Posted: 11 Jun 2020 12:08 AM PDT

    Poll: Add a cutoff point of 50 moons, with no rewards for those who would be awarded less

    Posted: 10 Jun 2020 07:02 PM PDT

    The official plan is to eventually move moons onto the Ethereum mainnet. Having looked at the karma data the rewards are based on, it seems painfully obvious that near enough zero people would ever bother to transfer a few dozen moons on mainnet. Transaction fees would be far greater than the value of those moons. And in the end it looks like reddit would have to pay those fees. Which I can't imagine they would be happy to do for long. Therefore I propose a cutoff point. If, according to the raw data, your reward would be less than 50 moons in a given month, you get nothing, your reward goes back in the pool, and rewards are slightly higher for more active users. This poll takes no position on other proposals that are compatible with it, and could reasonably be passed or voted down independently of most other proposed changes.

    View Poll

    submitted by /u/Rhamni
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    according to BitcoinBank.Io

    Posted: 11 Jun 2020 03:54 AM PDT

    Ashton Kutcher and Cryptocurrency

    Posted: 11 Jun 2020 03:37 AM PDT

    Algorand and Blockstack Are Building a Multi-Chain Smart Contract Language

    Posted: 10 Jun 2020 12:21 PM PDT

    Requesting feedback on my app idea

    Posted: 11 Jun 2020 03:02 AM PDT

    I am currently brainstorming on creating an app for the crypto space. It would be a secure mobile wallet app, with the ability to buy and sell both Bitcoin and Ethereum straight from the app. The overall goal is simplicity, with an emphasis on saving hence only the two supported currencies and lack of other features. I want to make an app where people can buy recurring amounts of the currency and securely hold the currency, and the keys in this wallet. I got this idea because it seems like every other company either uses an entirely separate app for the wallet or doesn't offer a way to actually buy the coin and only provides a wallet, I want to make that into a one simple, private, easy to use app for a whole new generation of investors. Am I crazy ? I genuinely would appreciate any and all feedback.

    submitted by /u/vladamiir
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    Microsoft ION Launches Beta On Bitcoin Mainnet

    Posted: 10 Jun 2020 12:15 PM PDT

    Lossing money by converting into stablecoin...

    Posted: 11 Jun 2020 02:20 AM PDT

    Hello guys, I mustly hold but lately I have been trying to make some trades, with Coinbase which I find it awful because whenever I transfer my coin into USDC or DAI I literally lose more money than a selling fee. Moving arround a bit it cost me around 30 eur each transaction just to convert from ETH to DAI and from DAI to ETH, its around 60 euros lost meanwhile going through Coinbase Pro, it might cost me 10 euros fee for selling and 13 eur fees for buying. Is this normal? Does this even make sense? Furthermore, Binance Fees are lower than this when you are pegged to a stablecoin?

    Thank you in advance

    submitted by /u/Omegax74
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    Users should pay tx fees for moon transfers

    Posted: 10 Jun 2020 10:07 PM PDT

    I understand the motives for Reddit paying tx fees for users - it is a nice feature for users, especially new users who may not be familiar with transacting eth.

    But I disagree that overall the system is beneficial to users because

    - It isn't feasible at high volumes, if a lot of adoption is achieved Reddit will have to change the system to make users pay fees, which I assume will be disagreeable for a lot users who weren't expecting it

    - Because of the infeasibility at scale, almost all other dapps don't pay fees for users. New eth users need to learn that fees are the norm for Ethereum dapps

    - Fees are okay, good dapps and tokens create more value for users per tx than the tx fees cost

    - It throws away one of the biggest benefits of using a blockchain, which is that database costs are offset to the users (and in turn users are rewarded proportionally)

    submitted by /u/Sagan-Man
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    GUIDE: How to derive your private key from a seed phrase.

    Posted: 10 Jun 2020 04:55 AM PDT

    Switcheo’s New Look - We’ve Rebranded!

    Posted: 11 Jun 2020 12:49 AM PDT

    Changelly wont release funds ($2000) even after completing KYC/AML

    Posted: 10 Jun 2020 02:06 AM PDT

    Changelly wont release funds ($2000) even after completing KYC/AML

    5 weeks ago I decided to use Changelly to swap some BTC. I have since passed 3 different verification steps and have informed Changelly that I am willing to get in front of a webcam with my drivers license to prove my identity but they are giving me a generic response each time I try to contact them.

    Every time I contact changelly on their website, they tell me that only the security team can do something about this although the security team are asking for "additional documentation" even after I informed them that I only have a drivers license and no other form of photo ID. The security team have since stopped replying to my emails.

    I have submitted my drivers license, selfie and done a live video test multiple times with their third party verification platform called "Sum&Sub".Here are screenshots after I completing a round of live video verification tests:

    After Submitting my drivers license

    After getting in-front of a CAMERA and showing a LIVE VIDEO of me!

    https://preview.redd.it/xq16n06eq1451.jpg?width=750&format=pjpg&auto=webp&s=9644caf083a49073d40f7a7610850d814779db85

    The CEO's alias is Eric Benz and you can find him on twitter and telegram. Please see the bottom of the post to see photos of him. Below are screenshots of my conversation with the CEO:

    https://preview.redd.it/vknqns4gt1451.png?width=818&format=png&auto=webp&s=ed2ab5bd48320521b5ac704169f3000aa240f04a

    https://preview.redd.it/q121s0bht1451.png?width=821&format=png&auto=webp&s=5f4c75948cfe6ebb1760e8928ab9140bd45e0cf0

    Chagelly are using a strategy to delay communication as much as possible in hope that customers will loose interest and eventually they get to keep the money. Even though they reply here, it will be a generic response like "Only the security team can process this order".

    It seems like my voice alone will not get my coins back, even if changelly reply here I've come to the conclusion that they will just delay it more by telling me to speak to the security team. So I ask people here to do what you can to make other people notice before more fall victim to this scam, even if it means just upvoting. I also urge the moderators to add them to a scam list, for the sake of cryptocurrency, too many innocent people are getting scammed and this tarnishes the name and the potential value. There are countless cases like mine and changelly seem to have the most.

    I've clarified with the security many times that I only have a drivers license and they have chosen to ignore me

    https://preview.redd.it/8mjoib5cj8451.png?width=805&format=png&auto=webp&s=e124835321e6dd7750b578cd1fd2d1212cfcb73b

    Here is a photo of the CEO wearing a fanny pack trying to tweet to Elon Musk

    submitted by /u/Addisonj44
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