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    Cryptocurrency Daily Discussion - November 24, 2020 (GMT+0)

    November 24, 2020

    Cryptocurrency Daily Discussion - November 24, 2020 (GMT+0)

    Daily Discussion - November 24, 2020 (GMT+0)

    Posted: 23 Nov 2020 04:09 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 The prior exemption for karma and age requirements is no longer in effect.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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    Eth2 Deposit Contract has reached 100%

    Posted: 23 Nov 2020 06:26 PM PST

    The Eth2 Beacon Chain network has reached the required minimum 524,288 ETH and 16,384 validators to launch the mainnet. Congratulations and thanks to all the early stakers!

    Sources:

    etherscan

    launchpad.ethereum.org

    beaconscan.com

    submitted by /u/werd22190
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    PayPal CEO: 28 Million Merchants Will be Able to Use Cryptocurrency for Transactions in 2021

    Posted: 23 Nov 2020 01:01 PM PST

    A message to 2017 bag holders...

    Posted: 23 Nov 2020 09:58 AM PST

    I have to say guys, that I currently love hearing about people that got burned in 2017 who maintained their faith in crypto and are now seeing their patience pay off.

    If you fall into this category, well done for not losing faith. It's been tough but we are at the beginning of a potentially massive bullrun.

    Remember, time in the market is better than timing the market.

    submitted by /u/TR5_
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    Insurance claim success. 282,035 DAI will be redeemable for Cover protocol's first claim on Pickle hack

    Posted: 23 Nov 2020 06:40 PM PST

    Cover Protocol's first claim on Pickle Finance was validated by the community & also by the CVC members. Total turnaround: 5 days. This will be a 100% payout (282,035 DAI), which goes to all Pickle Finance Nonce 0 - CLAIM token holders (link)
    Cover Protocol can always guarantee a 100% payout to all CLAIM token holders in the event of an accepted claim. Protocol will never have a lack of collateral to payout.
    COVER Protocol (COVER) (Launched 2020) is the governance cryptocurrency token created on the Ethereum blockchain to operate within the COVER's Protocol. The COVER Protocol offers its users a Peer-to-peer coverage (insurance) with its fungible tokens, thus allowing markets to set coverage prices as opposed to a bonding curve.

    submitted by /u/wwii3
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    Employer has given me a choice to either pay me hourly as $30/hr USD or $35/hr ETH. Which would you do?

    Posted: 23 Nov 2020 11:57 AM PST

    Employer is a reputable tech company that will go unnamed. Employer has given me a choice - pay my hourly salary in USD ($30/hr) or pay me ($35/hr) in Ethereum. Which would you pick?

    There's no in between. For reference my girlfriend is able to pay all of our bills if need be, and I have a passive USD income of $500 a month to help for expenses, so we are not strapped for cash. But which would you guys choose? Obviously it's $5 more an hour but ETH is pretty volatile from what I understand from a crypto currency standpoint, plus I wouldn't have as much cash on hand.

    I would start on Dec 1, if that's relevant

    submitted by /u/Narco105
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    101% - Phase 0 Launch will happen December 1st!

    Posted: 23 Nov 2020 06:42 PM PST

    XRP - let me get this straight?! (Rant)

    Posted: 23 Nov 2020 04:13 PM PST

    So, let me get this straight, XRP has been releasing 1 billion XRP from escrow accounts, every month, for the entire bear market.

    They used this to dump on investors and used the money to build Ripple, the physical company.

    Then, after most of this original community and investors capitulate, they announce a buyback, times with a BTC rally and they pump the price, causing another retail FOMO and gains of like 100% in a week.

    How the fuck is this legal? Btw, full disclosure, I have XRP holdings and I am in profit, even though it's a total shitcoin, I knew it would pump. The number go up was obvious, so despite my distaste for XRP, I like making money. So this post doesn't come from some angry XRP Army moron who capitulated last month.

    I genuinely just think this type of market practice is unethical and should be highlighted to the community.

    If there are typos, I only ever use mobile, apologies in advanced.

    submitted by /u/jpreddit200
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    Charlie Shrem: Bretton Woods 2.0 is knocking at our door, and it’s not here to help - can blockchain tech present a solution?

    Posted: 23 Nov 2020 06:47 PM PST

    Poker Site Buys $100 Million of Bitcoin Every Month to Pay Players in BTC

    Posted: 23 Nov 2020 07:46 AM PST

    Pay attention on Dec 10th: After almost 3 years, NANO will finally be free of the stain known as Bitgrail.

    Posted: 24 Nov 2020 01:46 AM PST

    Those of us who have been around for the last 4 years or longer remember the revolutionary idea of NANO (formerly known as RaiBlocks) and how quickly it gained a following for its fast, feeless, green, protocol.

    Many of us also remember the craziness of the last bull run and the chaos that followed the Bitgrail exchange insolvency ("we have suffered a stolen").

    The matter of Bitgrail will—after almost 3 years—finally be finished soon.

    After Italian investigators and courts determined that the infamous owner of Bitgrail was at fault, all of his assets and Bitgrail's remaining funds were collected and the matter of identifying and reimbursing user claimants who lost their funds was underway.

    It may be weird timing with the current price rises but in approximately 2 weeks, on Dec 10th, the Italian courts will hold hearings with the trustees to finalize the bankruptcy procedure to return the recovered funds.

    The ongoing litigations and drawn out bankruptcy proceedings related to Bitgrail were inextricably linked to NANO. Well, this will all finally be behind us soon.

    The ongoing bankruptcy hearings and other legal proceedings may have been the reason why some of the largest exchanges (Coinbase/Gemini) have avoided listing NANO despite showing huge interest in the project before the Bitgrail fiasco.

    This may be the rebirth of NANO.

    submitted by /u/FatVegain
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    ＄６００ ｐｅｒ ＥＴＨ

    Posted: 23 Nov 2020 06:02 AM PST

    ＄６００ ｐｅｒ ＥＴＨ

    Ethereum crushed $600 finally,

    Big green dildos everywhere we are heading towards new ATH

    ​

    Binance

    Love You ETH * 999999999999999999999999999999999999999

    Waiting for ETH 2.0. It's expected to release before December at this rate

    Edit: Congrats to hodlers

    submitted by /u/da_dreamerr
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    Ethereum 2.0 Deposits Hit 60% as Launch Looms

    Posted: 23 Nov 2020 05:35 AM PST

    Gold Sinks as Bitcoin Price Nears Record High

    Posted: 23 Nov 2020 04:45 PM PST

    PayPal CEO interviews on Bitcoin

    Posted: 23 Nov 2020 06:42 AM PST

    To those panicking about coinbase being down..

    Posted: 23 Nov 2020 11:28 PM PST

    If you don't know by now to use multiple exchanges or at least that coinbase almost ALWAYS goes down whenever there's a lot of action going on, I have no sympathy for you.. almost EVERY. SINGLE. TIME. the price of a few things skyrocket or tank and everyone either wants in or out, the site gets overloaded and goes down. It's happened for at least the last 6 months. It's a primary complaint on the coinbase subreddit AND this one. Not to mention, it's practically a rule of thumb to diversify almost every aspect of cryptocurrency. Bags to different wallets; different emails and passwords for different sites, wallets, and apps - all in the name of security and free-market optimization. Do yourself a favor and make an account on binance and kraken and call it a night.

    submitted by /u/w3llFukM35id3w4y5
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    Bitcoin Spikes $1K In Hours To New 2020 High: Only 5% From 2017 All-Time High

    Posted: 24 Nov 2020 01:56 AM PST

    Coinbase Again.... - "Bitcoin go up, Coinbase go down: Exchange outages and trader outrage"

    Posted: 23 Nov 2020 12:10 PM PST

    XRP and Stellar Go Absolutely Bonkers with Triple-Digit Gains

    Posted: 23 Nov 2020 10:11 PM PST

    What do you guys think of NANO?

    Posted: 23 Nov 2020 02:19 PM PST

    It has been in a market for quite a while, and I realize a lot of people got burned at start and are now hating it, but I do wonder if there are some unbiased opinions out there which you want to share with others?

    submitted by /u/clogsroofer
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    Binance Gives US Users 14 Days to Leave Exchange

    Posted: 23 Nov 2020 10:07 PM PST

    PSA: just because a token is worth less than $1, doesn’t mean it’s cheap.

    Posted: 23 Nov 2020 07:03 PM PST

    I'm noticing a trend that I haven't seen since 2017. Those tokens that look cheap (with sticker prices less than $1 per token) are outperforming higher quality projects.

    XRP ($0.60) is +103% this week

    XLM ($0.15) hit +87% today

    OXT ($0.30) is up +23% today

    If you're new to crypto or investing, remember a low sticker price doesn't make the coin cheap. The market cap tells you the true cost (total supply multiplied by unit price). XRP has 40 billion tokens in total which is 2,000 times as many Bitcoin there are. Crypto companies like Ripple deliberately print a lot of coins to make each coin seem cheaper - selling you a smaller piece of the pie at a low sticker price to make you think it's a good deal.

    As always do your research and stay away from shitcoins.

    submitted by /u/admin_default
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    Coinbase Executive Says Institutional Interest in Cryptocurrency Increased Threefold

    Posted: 23 Nov 2020 06:58 AM PST

    Who the hell is buying/selling Stellar right now? Algorithms broke?

    Posted: 23 Nov 2020 05:58 PM PST

    This price movement is insane. Spreads getting as high as like 2% at times, order books so thin you can't even buy or sell much without tanking the price with a market order. This has to be some of the wildest price movement I've seen in a long time for a rather "established" coin.

    submitted by /u/gasfjhagskd
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