Cryptocurrency Monthly Skeptics Discussion - September 2020

Monthly Skeptics Discussion - September 2020
Daily Discussion - September 1, 2020 (GMT+0)
Congress to IRS: Proof-Of-Stake block rewards should not be taxed as income
Upfiring: a DeFi ecosystem for P2P file-sharing, seeders are rewarded for sharing files. The dapp is now live on the Ethereum blockchain and available on upfiring.com
why I'm using coingecko over coinmarketcap.com.
Vitalik Buterin: DeFi Yield Farmers Go Brrr More Than Central Banks
PSA: BSV has stated they will dilute everyones holdings by hard forking Satoshis coins and giving them to Craig Wright. Beware when purchasing since the supply will be greatly increased by instantly assigning millions of coins to CSW.
Google is doing little to prevent scams like these. If it's too good to be true, it probably is.
The dollar is now a strong sell according to tradingview.com
What’s coming with Fantom Finance
Electricity, cars, internet and now crypto. There will always be naysayers. Adoption is coming. History repeats itself.
Ethereum 2.0’s Medalla Testnet Staked With More Than 1 Million Validators
Can Cryptocurrency ever be scalable?
Swiss Insurance giant enables Crypto payments for policyholders
Vitalik Buterin steering clear of yield farming
Celsius Network: Bringing Transparency to Banking
This is not financial advice
CipherTrace's Monero tracing tool - Chat with Dave Jevans, Dr. Sarang Noether, and Justin Ehrenhofer
Chainlink lands on Bitcoin sidechain RSK with new integration
DeFi Lender Aave Hits $300 Million in Flash Loans
SushiSwap Takes On Uniswap as DeFi's Highest-Flying Unicorn
USDT and what to do?
CoinMarketCap Leadership Exodus, Loses Top Employees Following Binance Acquisition
CoinGecko’s Trending Manipulated?
CoinMarketCap CEO resigns, following two VPs

Monthly Skeptics Discussion - September 2020

Posted: 31 Aug 2020 05:13 PM PDT

Welcome to the Monthly Skeptics Discussion thread. The goal of this thread is to promote critical discussion by challenging popular or conventional beliefs.

This thread is scheduled to be reposted on the 1st of every month. Due to the 2 post sticky limit, this thread will not be permanently stickied like the Daily Discussion thread. It will often be taken down to make room for important announcements or news.

Rules:

All sub rules apply here.
Discussion topics must be on topic, i.e. only related to skeptical or critical discussion about cryptocurrency. Markets or financial advice discussion, will most likely be removed and is better suited for the daily thread.
Promotional top-level comments will be removed. For example, giving the current composition of your portfolio or stating you sold X coin for Y coin(shilling), will promptly be removed.
Karma and age requirements are in full effect and may be increased if necessary.

Guidelines:

Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.
Refer topics such as price, gossip, events, etc to the Daily Discussion.
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Read through the CryptoWikis Library for material to discuss and consider contributing to it if you're interested. r/CryptoWikis is the home subreddit for the CryptoWikis project. Its goal is to give an equal voice to supporting and opposing opinions on all crypto related projects. You can also try reading through the Critical Discussion search listing.
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Daily Discussion - September 1, 2020 (GMT+0)

Posted: 31 Aug 2020 05:13 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.

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Congress to IRS: Proof-Of-Stake block rewards should not be taxed as income

Posted: 31 Aug 2020 06:16 PM PDT

submitted by /u/Gh0sta
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Upfiring: a DeFi ecosystem for P2P file-sharing, seeders are rewarded for sharing files. The dapp is now live on the Ethereum blockchain and available on upfiring.com

Posted: 31 Aug 2020 07:08 PM PDT

submitted by /u/Tmfallon
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why I'm using coingecko over coinmarketcap.com.

Posted: 31 Aug 2020 04:33 PM PDT

Author's forenote: this comes from my place as a cryptocurrency holder and trader, not a moderator of this sub.

This post in some ways has been inspired by a couple of other threads here and I was wondering whether or not I should post this thread for the past few days.

I guess now it is relevant though. Why i prefer using coingecko over cmc:
1.ERC20 Contract addresses are listed on the coin's page.
2.Im not sure what their criteria for coin "rankings" are besides market cap, but as an example, coingecko lists polkadot as a top 10 coin by volume, but on cmc it's in the top 2000.
3.AFAIK I haven't seen any "paid shillings" like the recent band protocol educational shit on cmc.
4.I think it's nice to see how a coin has performed in the past 24 hours to 7 days without having to click on anything else on screen.

The only thing I dont like about coingecko: when you click on a coin, it shows the 24 hour graph by default.

last I checked cmc gets 30 million visitors a month while coingecko gets about 1 3rd of that.

As always, DYOR.

submitted by /u/sgtslaughterTV
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Vitalik Buterin: DeFi Yield Farmers Go Brrr More Than Central Banks

Posted: 31 Aug 2020 03:56 PM PDT