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    Cryptocurrency Daily Discussion - August 30, 2020 (GMT+0)

    August 30, 2020

    Cryptocurrency Daily Discussion - August 30, 2020 (GMT+0)

    Daily Discussion - August 30, 2020 (GMT+0)

    Posted: 29 Aug 2020 05:12 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 The prior exemption for karma and age requirements is no longer in effect.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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    How I feel right now

    Posted: 29 Aug 2020 12:15 PM PDT

    So many shattered hopes and dreams...

    Posted: 30 Aug 2020 02:08 AM PDT

    Hodler vs Newbie

    Posted: 29 Aug 2020 08:21 AM PDT

    A single dapp on Ethereum, Uniswap, pays more fees to its users than the entire Bitcoin network

    Posted: 30 Aug 2020 01:53 AM PDT

    Don't forget that the GDP was down 32% this year.

    Posted: 29 Aug 2020 09:42 PM PDT

    High Performance and Scalability on a Python Blockchain

    Posted: 29 Aug 2020 11:40 AM PDT

    Finally got my Nano X, I've only been researching and learning about crypto recently and it seems like it's definitely the future so I'm in!

    Posted: 29 Aug 2020 11:45 AM PDT

    Why culinary currencies are dangerous to speculate on

    Posted: 30 Aug 2020 02:40 AM PDT

    Pretty much everything gets called a scam on here but I'd at least like to explain why on this one. I don't believe yield farming as a whole is a scam at all, it's actually an incredible innovation to the space.

    However, shrimp, yams pasta etc are giving it a bad name. So why it's dangerous: basically you have the usual suspects Link, YFI, SNX, ETH, Curve etc. These tokens are locked in uniswap or balancer pools alongside yams for example. Stakers get rewarded in yams for providing liquidity.

    Since stakers have to buy the coin initially, prior to staking, there's a huge price pump. Now they have value, even if they didn't before. Uninformed buyers then see that rapid growth, market buy them and the fomo cycle begins.

    Holders of the previously mentioned defi projects also see demand for their coins increase. So now the holders, the stakers and the people on the sidelines with price exposure are happy too.

    At the end of the day they still have no value and will collapse at some point. It kinda sucks because if they start grow large enough the genuine projects used for staking will start to correlate and cause a bubble.

    And yes you could make money, but is it worth the risk?

    submitted by /u/Michael__X
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    Few ERC-20 tokens are strictly necessary to the underlying project. What's wrong with traditional fundraising?

    Posted: 29 Aug 2020 12:34 PM PDT

    Cash locked in Decentralised Finance (DeFi) smart contracts closes in on $9 billion as investors continue to pile in; shrugging off concerns over new protocols and their incredible valuations

    Posted: 30 Aug 2020 12:40 AM PDT

    Why Market Cap is a Meaningless Valuation Metric in Crypto Markets

    Posted: 30 Aug 2020 01:50 AM PDT

    *Angry Downvote*

    Posted: 29 Aug 2020 04:38 AM PDT

    U.K. FCA proposes changes to include Crypto businesses in AML reporting

    Posted: 30 Aug 2020 02:08 AM PDT

    Defi Project Yearn Finance Smashes Records as Native Token Surpasse...

    Posted: 30 Aug 2020 01:13 AM PDT

    Euphoria explains Bitcoin

    Posted: 29 Aug 2020 08:33 PM PDT

    Comparing cryptocurrencies to traditional assets

    Posted: 30 Aug 2020 12:06 AM PDT

    Blockchain Transaction Visualizer - TxStreet.com

    Posted: 29 Aug 2020 08:24 PM PDT

    CoinGenius' NFT Day - "NFTs - Creating a New Standard" (panel discussion)

    Posted: 29 Aug 2020 11:31 PM PDT

    Australian Horse Racing Company investigated for $4 Billion OneCoin Ponzi

    Posted: 29 Aug 2020 10:46 AM PDT

    When it's time to cash out, what do I do?

    Posted: 29 Aug 2020 02:04 PM PDT

    Hey guys, I'm fairly new to crypto, only been in the community for a few months now, and I'm buying small amounts on a weekly basis. I have a question about cashing out your crypto though.

    Let's say that bitcoin has a 10x, and now I have 10k worth of bitcoin in my wallet, how would I go about cashing that out? I know you are NOT supposed to keep any money on an exchange, since they are very unsecured. So would I just convert all my bitcoin into usdcoin and slowly cash it out in small 100 dollar incriments? Or what would be the best route to take when it comes time to cash out?

    Thanks guys!

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

    Visualisation of Bitcoin Transactions Relationships ( unconfirmed ones)

    Posted: 29 Aug 2020 11:30 AM PDT

    Your Position Has Been Liquidated

    Posted: 29 Aug 2020 09:42 AM PDT
    Read more
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