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    Cryptocurrency Daily Discussion - October 23, 2020 (GMT+0)

    Cryptocurrency Daily Discussion - October 23, 2020 (GMT+0)


    Daily Discussion - October 23, 2020 (GMT+0)

    Posted: 22 Oct 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 The prior exemption for karma and age requirements is no longer in effect.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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    Imagine the shitcoins you can have for $20

    Posted: 22 Oct 2020 11:00 AM PDT

    We’re not sorry zuck

    Posted: 22 Oct 2020 06:15 AM PDT

    Ethereum set to become first blockchain to settle $1 trillion in one year

    Posted: 22 Oct 2020 08:48 PM PDT

    Grayscale adds a ‘cool $300M’ in a day and $1B this week

    Posted: 22 Oct 2020 06:45 PM PDT

    Crypto is no longer a tool for the Dark Web. Bitcoin offers an important platform for financial growth

    Posted: 23 Oct 2020 12:27 AM PDT

    Ethereum is on track to have a higher annual transaction volume than Bitcoin for the first time.

    Posted: 22 Oct 2020 04:35 PM PDT

    2020 will be the first year Ethereum will have more transactions than Bitcoin. The huge development of DeFi in the Crypto space is undoubtedly a huge factor contributing to this.

    https://ibb.co/BjTvTKp

    Could we see Ethereum overtake Bitcoin as the 'top' crypto in the future?

    submitted by /u/TR5_
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    Michael Saylor claims the company will hold Bitcoin for ‘100 years’

    Posted: 23 Oct 2020 12:51 AM PDT

    Do you guys think a Scam-or-Not Crypto Site would help the community, especially newbies? Crypto is plagued by scandals and I want to do something about it.

    Posted: 22 Oct 2020 10:03 PM PDT

    Something like Snopes, Fact checking, Anti-Scam articles, etc.

    Completely honest, no pushing shitcoins.

    Pro - Open Source, Electronic Freedom Foundation, TOR, Monero etc.

    I have some cybersecurity experience and am planning on making something like that. Don't expect it to be too big but just want to put free time into it and improve my copy skills and learn more about honest crypto myself..

    submitted by /u/Arinupa
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    Grayscale Is adding $300M a day to Digital Assets portfolio!

    Posted: 23 Oct 2020 12:38 AM PDT

    Funds locked in DeFi surge $1B as analyst tips post-election bull run

    Posted: 22 Oct 2020 09:05 PM PDT

    PayPal in Talks to Buy Crypto Firms Including BitGo

    Posted: 22 Oct 2020 02:30 PM PDT

    Ripple considers relocating to London, citing U.S. regulation

    Posted: 23 Oct 2020 03:21 AM PDT

    "In gold mining, it is estimated that only 0.00001% of the ore is actually refined into gold. Chemicals used in processing contaminate at least 90 billion tons of waste ore per year globally, equvilent in weight to 9 times as much trash produced annually by all US cities combined"

    Posted: 22 Oct 2020 10:56 AM PDT

    "Mining enough gold for an average wedding ring creates about 20 tons of hazardous mining waste, which is often dumped in rivers or the sea."

    "During the gold rush, an estimated 7,600 tons of mercury were deposited into the rivers of the central Sierra Nevada alone. That mercury remains in the Califnorina environment, much of it being continuously transported to the San Francisco Bay, where people fish and swim"

    I wanted to provide some quick info on the environmental impact of gold mining for the critics of crypto mining which uses almost 75% renewable energy.

    All quotes from Annie Leonard.

    submitted by /u/ManyArtichoke
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    Upcoming Stellar Update will bring Claimable Balances

    Posted: 23 Oct 2020 04:07 AM PDT

    Wrong advices only! Showcase all your past mistakes.

    Posted: 22 Oct 2020 06:17 PM PDT

    "Hi, I am a new investor in cryptocurrency and wish to invest all my savings, but I need advice from you guys! What do you suggest me to do to get a great ROI?" This could be a very fun thread! Have fun answering the worse possible answer!

    submitted by /u/Crypthomie
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    Bitcoin Overtakes Disney & Netflix After Beating BoA to Become 23rd Largest Asset by Market Cap

    Posted: 22 Oct 2020 08:53 AM PDT

    PayPal is shilling crypto on the internet - Censor-resistant money, censored.

    Posted: 23 Oct 2020 04:20 AM PDT

    Just getting back into crypto and a bit over whelmed. Any decent currencies to start mining for fun?

    Posted: 22 Oct 2020 06:11 PM PDT

    I used to be quite involved in cryptocurrency's a few years back, and did a fair bit of mining too. I made a decent chunk of change off of it when crypto was first starting to boom and there was a flood of shit coins. After that I started to drift away, but now I'm looking to get back into it. I'm making this post to hopefully get some second opinions.

    Is there any coin I could mine and still break even or almost break even?

    It seems to me that a lot of the shit tier coins flooding the market have died off a little bit, and a few that I saw from back then are still around and seem to be doing good. I know at this point GPU mining isn't really profitable anymore as well, but I want to do it mostly for fun. I have a few old ass gpu's lying around in my closet and I'd like to put them to some use and mess around with mining. I don't expect to become rich by any means. I'd just like to mess around and grow my porfolio of crypto without losing too much money on electricity costs.

    I'm honestly kind of overwhelmed with the amount of different coins out there. But I think I narrowed it down to Monero, Ethereum Classic, or Grin. If you guys have any other suggestions I'll gladly hear them.

    submitted by /u/RebralHunter
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    r/CryptoCurrency Moons price and trading volume is now displaying on CoinGecko

    Posted: 22 Oct 2020 05:26 AM PDT

    The link is here: https://www.coingecko.com/en/coins/moon Currently it only has about 5 hours of data, but already ~50K in trading volume has taken place. It doesn't seem to know the circulating supply, so it can't calculate market cap yet.

    submitted by /u/cyger
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    Crosspost from r/Monero

    Posted: 22 Oct 2020 10:35 PM PDT

    KIN SEC Case is over and it is officially 'not a security'

    Posted: 22 Oct 2020 12:25 PM PDT

    Official statement from Kin:

    https://medium.com/kinblog/a-new-chapter-begins-in-the-life-of-kin-and-the-kin-foundation-ddd26cb7ff50

    Kin got some great news, as it is now officially considered 'Not a security'. From the good news it's price has more than doubled in the last 2 days.

    Ruling:

    https://www.courtlistener.com/recap/gov.uscourts.nysd.516941/gov.uscourts.nysd.516941.90.0.pdf

    Points of interest:

    Kin price has doubled in the last 2 days.

    Kin has 57 apps in it's ecosystem with 3 million monthly active users (40 million unique)

    Kin is moving to Solana blockchain on December 8th

    Kin is on Coinbase Custody

    r/kinfoundation

    submitted by /u/Icedcool
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    Life as a CRO stakeholder

    Posted: 22 Oct 2020 08:30 AM PDT

    Institutional FOMO Crosses The Pond - First Publicly Traded Company in the UK Allocates 10% of Cash Reserves to Bitcoin (BTC)

    Posted: 22 Oct 2020 01:19 PM PDT

    Remember when it was crypto vs institutions? Times are changing!

    Posted: 23 Oct 2020 12:21 AM PDT

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