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    Cryptocurrency Daily Discussion - November 9, 2020 (GMT+0)

    November 09, 2020

    Cryptocurrency Daily Discussion - November 9, 2020 (GMT+0)

    Daily Discussion - November 9, 2020 (GMT+0)

    Posted: 08 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 The prior exemption for karma and age requirements is no longer in effect.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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    Monero: implementation of Atomic Swaps financed

    Posted: 09 Nov 2020 03:01 AM PST

    A question for cryptocurrency holders without Bitcoin

    Posted: 08 Nov 2020 11:32 PM PST

    Why did you choose to omit Bitcoin from your cryptocurrency portfolio? This question is also for those who only have a small percentage of their cryptocurrency portfolio in Bitcoin. I noticed that some people didn't have any Bitcoin when listing the cryptocurrencies that they own and I was curious as to why.

    submitted by /u/ThatOtherGuy254
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    If you hold 1 BTC or more at this moment you are technically 1 in 1 Million. And not 21 Million. And this number will keep on getting lower.

    Posted: 08 Nov 2020 07:45 PM PST

    I'm familiar with the saying that If you have 1 Bitcoin then you are 1 in 21 million because there can never be more than 21 million bitcoins so no more than 21 million people can own more than 1.

    But that's on the premise that each person will only own 1 BTC.

    I was looking at the Bitcoin Distribution and there are currently only 820,000 Bitcoin addresses with more than 1 BTC and those addresses hold about 17.5 Million BTC which is about 95% of the circulating supply.

    If you currently hold more than 1 BTC than your address is 1 out of circa 1 million if we want to consider those with more than 1 BTC on exchanges.

    I'm also not counting the 4 Million lost BTC and how many addresses they are in total but i would assume that the actual number of how many people currently own more than 1 BTC is not much more than 1 Million.

    With the institutions buying in and countries like Iran buying their miners supply then imagine if 500 new institutions/countries want to buy in thousands of BTC. Who will they buy it from? The supply is definitely not enough, which will cause price to massively appreciate which will then cause retail (people with 1-10 BTC around 670,000 addresses) to laugh about dumping on institutions. But the institutions will get the last laugh since this will shrink the number of those addresses with more than 1 BTC more and more while still holding the majority of the supply and owning 1 BTC is something of the past.

    submitted by /u/miharbidaddah
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    CoinGecko October report shows Bitcoin’s price rose by 28% and hit multi-year highs with total crypto market cap recorded another yearly-high. Furthermore, the open interest on Bitcoin Perpetual Swaps up 40% since early September, indicating bullish sentiment on Bitcoin

    Posted: 09 Nov 2020 01:45 AM PST

    JPMorgan Report: Family Offices May Now See Bitcoin as Alternative to Gold

    Posted: 08 Nov 2020 09:40 PM PST

    The FDIC wants to hire a legal counsel with fintech and blockchain expertise

    Posted: 08 Nov 2020 08:42 PM PST

    Can someone ELI5 me the moon token concept

    Posted: 09 Nov 2020 03:52 AM PST

    I have no idea what purpose the moon token currently has. I only know you can get them for karma and receive them via the reddit app. Who is sponsoring these coins? Do they have any purpose except for "karma"? Why do they have any value at all if its just a fun token?

    submitted by /u/slash312
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    What's the best way to pass on crypto to loved ones incase of untimely death?

    Posted: 08 Nov 2020 09:40 PM PST

    I've looked into different options such as SafeHaven, using paper wallets, printing out seed phrases and instructions, however none of it seems to be fool proof enough.

    Have you put though into this? What's your preferred solution?

    submitted by /u/josephrehall
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    Cred Bankruptcy: How to find a lawyer specializing in class action lawsuits?

    Posted: 08 Nov 2020 06:22 PM PST

    For anyone who has heard about the news, Cred has filed for Chapter 11 bankruptcy. Cred was the first de-fi lending platform that had regulatory approval in certain states and this situation is bad news for de-fi in general. They were known to have been run by a top notch team of industry experts and even claimed to have the most comprehensive insurance in the industry.

    Nevertheless, they have declared bankruptcy and the community is in a state of anger and shock with regards to how to proceed because the company won't say anything about if our funds can even be returned. There is an unofficial Telegram group (can't seem to post links here) and our struggle right now is in finding the right lawyer and leadership to represent us in a possible class action lawsuit in order to assist with recovery of funds. We require international representation as Cred's customers are from all around the globe.

    Does anyone have any suggestions on how to proceed? Any lawyers from firms with experience in this space that care to reach out?

    Help would be greatly appreciated. Thanks!

    submitted by /u/turbo5vz
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    ETC Group’s bitcoin ETP crashes through $100m barrier

    Posted: 08 Nov 2020 11:44 PM PST

    What are some good ways to accept crypto currencies for payment?

    Posted: 09 Nov 2020 02:02 AM PST

    I'm a private seller that wants to incorporate using crypto currencies as a payment option. What are some good apps or ways to handle this? Do I send my wallet address to prospective buyers? I've heard of Nano having fast transactions etc., but are there any people that have tried it out and have some experience in this? I'm mainly concerned that with Bitcoin a transaction is prohibitively expensive to consider.

    I don't have an online store, just mostly eBay/marketplaces.

    submitted by /u/ANonWhoMouse
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    A propose to reduce memes

    Posted: 09 Nov 2020 02:00 AM PST

    Since we had a rough meme weekend, probably like never before, I would propose some rule changes on r/CryptoCurrency Those changes would imply that in the future we post memes only on Sundays, and not on Saturdays.

    To be clear, it's not that I don't like memes. I actually like them, but this is really too much. 95% of all memes I saw this weekend were repost duplicates. Some memes appeared more than 10 times this weekend. On the front page we had boobs, lambos and the good old John. All seen many times before. Anyway for memes there is r/cryptocurrencymemes

    Now, if you think that we should reduce meme posts to only one day in a week vote for "Memes only on Sundays", or if you don't want any changes vote for "Memes on weekends (on Sundays and Saturdays)".

    I hope that mods will notice this post and accept this propose if we vote for the first option.

    View Poll

    submitted by /u/Roy1984
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    S2F creator has ‘no doubt’ Bitcoin will hit $100K by December 2021

    Posted: 09 Nov 2020 02:48 AM PST

    “I STRONGLY RECOMMEND BUYING BITCOIN AT CURRENT PRICES” Legendary Investor Bill Miller 11/06/2020

    Posted: 08 Nov 2020 03:48 PM PST

    Differences between Cred and other lending/earn platforms like Celsius, Nexo, BlockFi

    Posted: 09 Nov 2020 12:34 AM PST

    All the companies will claim that they have the best security, best team and best business model.

    Do you guys think are there any real differences between these platform or what happened to Cred might also happen to the other platforms?

    submitted by /u/Enntized
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    ETH/BTC ratio still on course!

    Posted: 08 Nov 2020 11:32 PM PST

    Discussion: What did you think about the first meme weekend?

    Posted: 09 Nov 2020 03:11 AM PST

    I wanted to get a general idea about what people thought about the first meme weekend now that it's over.

    I'm hoping for a healthy discussion and that everyone can share their opinion.

    Also would you suggest to change anything or do u like how it is? There will be new proposals coming up soon and the minimum required moons for a proposal to pass has been lowered so it's more likely to pass this time.

    submitted by /u/Wulkingdead
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    "Inside the Crypto Kingdom." a documentary about the birth of BTC and its growth in the world.

    Posted: 08 Nov 2020 10:05 PM PST

    Crypto Markets Boom As US Election Uncertainty Fades

    Posted: 09 Nov 2020 03:51 AM PST

    JPMorgan: Institutional investors Prefer Bitcoin Instead Of Gold ETFs

    Posted: 08 Nov 2020 02:49 PM PST

    20 More Block Rewards from 2010 Spent: 1000 BTC

    Posted: 08 Nov 2020 08:44 PM PST

    Introducing nut link 1st generation oracle on Cardano

    Posted: 09 Nov 2020 01:08 AM PST

    Starter kit: what do you use every day to keep track, buy, sell cryptos?

    Posted: 08 Nov 2020 08:22 PM PST

    I'm very new to this world, even tho I know about it and follow it since years, I just decided to get into it more seriously.

    I think the tools I saw someone using a couple of years ago are maybe not that good anymore, I don't even remember the names and so, here I am.

    I understood that every crypto is a bit different, you might have to have different apps, wallets, websites to check etc. depending on the cryptos you trade.

    I was interested in bitcoin, eth and monero.

    What are the tools, software, apps you use?

    submitted by /u/neilpare
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    JP Morgan Analysts: Group of Large Investors May Be Ditching Gold ETFs for Bitcoin

    Posted: 09 Nov 2020 02:18 AM PST

    48,864 ETH has been staked in the Eth2 deposit contract. 475,424 more ETH is needed to launch Eth2. █░░░░░░░░░░░░░░░░░░░ 9.3%

    Posted: 09 Nov 2020 02:04 AM PST
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