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    Cryptocurrency Daily Discussion - November 2, 2020 (GMT+0)

    November 02, 2020

    Cryptocurrency Daily Discussion - November 2, 2020 (GMT+0)

    Daily Discussion - November 2, 2020 (GMT+0)

    Posted: 01 Nov 2020 04:14 PM PST

    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 The prior exemption for karma and age requirements is no longer in effect.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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    Nerves of Steel

    Posted: 01 Nov 2020 02:50 PM PST

    Bitcoin just registered its 2nd highest month closing candle in its history! During a global pandemic! Hedge against inflation? YES

    Posted: 01 Nov 2020 04:34 AM PST

    Useful resources for a blockchain I gathered as a newcomer

    Posted: 02 Nov 2020 12:10 AM PST

    One of my hobbies is to choose a subject and dig into it as much as I can by reading technical articles, books, and watching videos. I just got into a new job, and part of my role is researching blockchain for the R&D department.

    The blockchain world is pretty new to me, and I found the amount of information overwhelming. There's so much to know, so many different companies, ideas, terminology, history (yes, for a newcomer, the blockchain world seems like an old-world I'm telling you). Over the past three weeks, I read tons of useful info online, some of it is useful for my company, and some of it helped me understand blockchain better. I made a list of some of the articles I found helpful. I found many more articles and resources, but here are the ones I liked the most:

    · Blockchain demo [video]

    · Mastering Bitcoin by Andreas Antonopoulos

    · Blockchain and Cryptocurrency Resources

    · Enabling Blockchain Innovations with Pegged Sidechains

    · Learn Blockchains by Building One

    · On the dangers of a blockchain monoculture

    · How Blockchain Works

    · Blockchain Graveyard

    · How does blockchain really work? I built an app to show you.

    · Resources from a16z for Understanding Crypto

    · The cost of running a failed IEO

    · Mining Bitcoin with pencil and paper: 0.67 hashes per day

    · Blockchain PR guide

    · What happens when you attack DeFi?

    · Hard Problems in Cryptocurrency: Five Years Later

    · What will happen to cryptocurrency in the 2020s

    · A Beginner's Guide to Decentralized Finance (DeFi)

    · DeFi explained in layman's terms.

    · A definitive list of dead coins

    · Bitcoin Mining's Three Body Problem

    · How Imposters Scam Entrepreneurs Out of Their Crypto

    · A Lone Bitcoin Whale Likely Fueled 2017 Surge, Study Finds

    · MailChimp's Ban on Cryptocurrency Marketing Is Causing Collateral Damage

    submitted by /u/PaulJawosky
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    Reddit investment scam

    Posted: 01 Nov 2020 11:42 PM PST

    Ethereum 2.0 phase 0 to be launched next week according to Ethereum developer: deployment had been pushed back slightly to allow the audit of the Blst crypto library. The audit is going well, results are expected next week, and then we can “pull the trigger on everything”

    Posted: 01 Nov 2020 01:05 PM PST

    What are you currently planning to do with MOONS?

    Posted: 02 Nov 2020 01:40 AM PST

    The purpose of this is to try to figure out what kind of supply and demand situation we have right now. Let's see how many people here want to buy MOON and how many want to sell. Of course there are also other groups of people who want to use it for buying premium stuff on Reddit, tipping other users on Reddit, holding it and wait for better times and doing other things.

    View Poll

    submitted by /u/Roy1984
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    Cayman Islands Announces Legal Framework in Bid to Attract Crypto Businesses

    Posted: 02 Nov 2020 01:56 AM PST

    Reserve Bank of Australia doing PoC of CBDC on Ethereum in partnership with 2 of the 4 largest national banks

    Posted: 01 Nov 2020 04:32 PM PST

    Poll and bias introduced by moons

    Posted: 02 Nov 2020 03:09 AM PST

    Moon farmers have already reaped their rewards from spamming memes and with the next distribution should gain alot of power when it comes to proposals against memes and karma limits. Since they will hold a large portion of the moons and as such will gain a influencing power in votes. Is it not better to limit moon influence in the polls. Like cap it at a certain point? They could also potentially band together and overthrow some polls to always win. What are your thoughts on the matter?

    submitted by /u/flacciduck
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    A Couple of Reasons in my Mind Why Buying Bitcoin is a No Brainer

    Posted: 01 Nov 2020 08:03 PM PST

    A Couple of Reasons in my Mind Why Buying Bitcoin is a No Brainer

    Now and then, people (especially newcomers) wonder whether they're still doing it right by buying Bitcoin at the current price.

    They often think they're already too late and had missed the boat.

    ​

    Did you miss Bitcoin?

    But here are a couple of reasons, in my opinion, why buying Bitcoin right now is a no-brainer.

    ​

    1. There are very few proven assets that offer the same promise of yield over the next decade or so.

    When you think about failing bank interest rates, the stock markets average 7-10 annual return for indexes, government bonds, and even gold; there are no assets that come close to Bitcoin in terms of annual yield in the long-term.

    Over the past ten years, five years, and even this year amid the pandemic, Bitcoin has yielded investors' highest returns.

    It's up around 70% YTD, and every-time Bitcoin drops 15-20%, it typically rebounds to recover way more than it lost.

    2. The 21 Million Limit Has Been Key

    Bitcoin's 21 million supply cap and the issuance schedule triggers the feeling of scarcity and why most people (including corporations are buying).

    We are talking about the most scarce and valuable asset in the market right now, yet not many people get it.

    Publicly-traded companies currently hold some 786,059 BTC, while large funds like Grayscale are still getting started, in my opinion, with around $5 billion in assets under management (AUM). Grayscale's Bitcoin fund will, at some point in the future, hold $100 billion in AUM, and we're just getting started.

    Meanwhile, we're yet to talk about retail investors' supply being consumed on exchanges and apps like Cash App.

    Oh! and PayPal recently started selling Bitcoin too out of the 21 million cap.

    The real scarcity is yet to kick in but is almost here.

    3. Regulation is Still Happening

    Many countries still prohibit citizens from buying Bitcoin or make it seem like a crime (India is a good example). As more countries begin to regulate, rather than frown at Bitcoin as an investment, one can only imagine the rate of new entrants to the market over the coming years.

    Some users also have to deal with tax headaches when they pay or spend crypto, and any regulation that lifts that burden will be critical to mainstream usage of Bitcoin.

    This has already become long, and I can still go-ahead to mention several other reasons why buying Bitcoin is a no-brainer.

    For instance, we're yet to see a Bitcoin ETF in the U.S (that will happen at some point), and the number of Bitcoin ATMs globally is still just above 10,000.

    The room for growth is immeasurable, and there's little reason to doubt that people buying Bitcoin now are making a mistake.

    I won't bet that Bitcoin would be worth less in five years than it is now. If you're not willing to place such a bet, then like I mentioned at the onset, buying Bitcoin is a No Brainer.

    I'm not going to make any future price prediction...

    HODL on Comrades!

    submitted by /u/wmredditor
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    Square Funds Designer to Make Crypto Wallets Usable by Anyone, even the most crypto-ignorant

    Posted: 01 Nov 2020 10:42 PM PST

    MicroStrategy CEO Calls Bitcoin The ‘World’s Best Collateral’, Says Company Will HODL Its BTC For 100 Years

    Posted: 01 Nov 2020 10:40 PM PST

    This next week for bitcoin. Whats your game plan?

    Posted: 02 Nov 2020 02:24 AM PST

    The week has just started and its already gone off with a bang with a $300 drop in two minutes.

    Its going to be an incredibly volatile week. The election, new lockdown starting in UK and already happening in most of europe, oil prices hitting 6 month lows because of new lockdowns.

    I've got everything on a ledger and just leaving it there and riding this week out, even though I suspect we're going to a 12.5k level and could go lower. Then a bounce back next week to the 13.8k mark. Whats your plans for bitcoin this week?

    submitted by /u/TheGreatCryptopo
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    Hardware wallet

    Posted: 02 Nov 2020 03:25 AM PST

    What is the best crypto hardware wallet?

    I was thinking of getting the ledger but heard about the hack therefore I'm thinking about the Trezor one now. I only hold 3 coins - any suggestions as to which one will be best ?

    submitted by /u/kiranksethi
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    Hearty appetite after 2,5 years of winter sleep

    Posted: 01 Nov 2020 05:00 AM PST

    Trading BTC to XMR without waiting time?

    Posted: 02 Nov 2020 01:34 AM PST

    Hello.

    I would like to trade my BTC for XMR but it should be instantly since I need the XMR tonight. I actually want to buy a virtual phone number with BTC anonymously, so I figured I need to do BTC -> XMR -> BTC -> phone number. Is this possible in one day and is this anonymous? Are there ways to buy directly anonymous with my BTC? My BTC is on Paxful atm.

    Sorry for the noob question.

    submitted by /u/fyodor_do
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    What kind of CryptoCurrency is best to start of with?

    Posted: 01 Nov 2020 09:46 PM PST

    I have thought about Purchasing CryptoCurrency and it seems like it's the only one that is "doing well" at the moment is Bitcoin. Are any other currencies even worth looking into or should i focus on Bitcoin?

    // Kind Regards

    submitted by /u/whatsuppaa
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    "Anonymous" hacker collective founder Aubrey Cottle a.k.a. Kirtaner says he uses Monero in recent AMA

    Posted: 02 Nov 2020 03:29 AM PST

    The revolution will not be telling lies

    Posted: 02 Nov 2020 03:15 AM PST

    Singapore based exchange Bitrue goes live with yield farming - 500% APR & mining pools

    Posted: 02 Nov 2020 03:10 AM PST

    Bitcoin Will Be The Ultimate Winner After the US Elections

    Posted: 01 Nov 2020 07:13 AM PST

    Is it too late to invest in Bitcoin?

    Posted: 01 Nov 2020 10:39 AM PST

    Hello, so i just started today with trading and stuff, but is it worth investing in bitcoin or is it too late? I hear many people are spekulating that bitcoin may reach 1.000.000 in the next months or years, but is this really realisic, even in an perfect world?? What do you think?

    Im about to invest 130€ into bitcoin (i know its not much, im a beginner) so i want to hear ur opinion. Thank you really much!!

    submitted by /u/Astaroth_316
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    Sweating my ass off every Time

    Posted: 02 Nov 2020 03:56 AM PST

    Huawei Mate 40 comes with a hardware cryptocurrency wallet for the digital yuan

    Posted: 02 Nov 2020 03:42 AM PST

    TRON network attacked during mainnet upgrade, Justin Sun claims attacker was unsuccessful and "funds SAFU"

    Posted: 02 Nov 2020 03:36 AM PST
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