Cryptocurrency Monthly Skeptics Discussion - November 2020 |
- Monthly Skeptics Discussion - November 2020
- Daily Discussion - November 16, 2020 (GMT+0)
- CitiBank also exposed clients to its astronomical Bitcoin target of $318,000 by December 2021.
- In 2010, someone auctioned 10,000 bitcoin for $50
- Skype Co-Founder Keeps Personal Wealth In Bitcoin And Ethereum
- Unpopular Opinion: Gate-keeping is counterproductive and harmful to all crypto communities.
- Grayscale owns 506,000 BTC or 2% of the supply. Is this a problem?
- 300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING
- Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax
- Locked Out Coinbase User From 2015 Sees Their $1 in Bitcoin Turn $65
- Addressing Bitcoin Criticisms. Fidelity Digital Assets 11/13/2020.
- Bitcoin-Loving Senator-Elect Praises Crypto as a “Store of Value”
- Moons, I know ��♀️ But please somebody help me.
- The Bank for International Settlements
- $2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined
- COVID & Crypto
- Best hardware wallet for BTC + ETH
- Charles Brett's Blockchain Catch-up Week 44 (to w/e 13th November) -
- renBTC MakerDAO Collateral Onboarding Risk Evaluation
- Grayscale get it wrong on as shitcoin. $1.6m loss on BCH.
- Two Bitcoin Whales Just Moved 31,099 BTC Worth $492 Million
- Simple steps to keep your crypto safe.
- I created an app that helps you practice trading
- Pi is pretty new. You can download it on your phone and use my code: ooMartin104
- You can buy a negative COVID-19 test result using Monero on the Black Market
- Citibank analyst makes tentative $318K Bitcoin prediction for December 2021
- Anyone else struggling with this?
| Monthly Skeptics Discussion - November 2020 Posted: 31 Oct 2020 05:15 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:
Guidelines:
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To see prior Daily Discussions, click here. - Thank you in advance for your participation. [link] [comments]  | ||
| Daily Discussion - November 16, 2020 (GMT+0) Posted: 15 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:
To see prior Skeptics Discussions, click here. [link] [comments]  | ||
| CitiBank also exposed clients to its astronomical Bitcoin target of $318,000 by December 2021. Posted: 15 Nov 2020 05:31 PM PST
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| In 2010, someone auctioned 10,000 bitcoin for $50 Posted: 15 Nov 2020 11:40 PM PST
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| Skype Co-Founder Keeps Personal Wealth In Bitcoin And Ethereum Posted: 16 Nov 2020 02:52 AM PST
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| Unpopular Opinion: Gate-keeping is counterproductive and harmful to all crypto communities. Posted: 15 Nov 2020 06:23 PM PST What is gatekeeping? Someone asks a simple question, say, "What are private keys?", "What is an mnemonic phrase?", "What is the lightning network?" or "What is segwit?" The "Gate-keeper" usually responds with something snark or less than welcoming to the person who asks the question, possibly following it up with, "You probably shouldn't be in crypto if you don't know what that is." or "How does someone with 2000 USD of crypto not know what this is?" I hate to say it guys, but every time we make remarks like this to newcomers and novices, we are arguably pushing back the goalpost for mass-adoption. EDIT: To add to this I would like to also inform you all that I had a coworker at a centralised exchange who legitimately believed that the US dollar was backed by gold until myself and some coworkers corrected him. He was a software programmer. And finally, if you asked most people in your country about what the fabric composition of fiat currency being used is, most people couldn't answer you. If you ask them any other perfectly innocuous questions about the currency in their hands then they likely couldn't answer you either. EDIT 2: Another step to mass-adoption is making cryptocurrency normy-friendly. I see this happening sooner or later, so we may not have these kinds of "noobie questions" or issues in the future. [link] [comments]  | ||
| Grayscale owns 506,000 BTC or 2% of the supply. Is this a problem? Posted: 16 Nov 2020 02:57 AM PST To set the scene, take into account this number is set to grow and other investment firms are likely to follow suit. Could this mean that a very large percentage of bitcoin will be held by these companies in the very near future? In a short-sighted way this is good for those looking to profit from big money enticing them to sell but what does this mean for decentralisation? Goofy side note - Could this end up looking like IOI swallowing up the OASIS in 'Ready Player One'? Source for figures: https://decrypt.co/48277/grayscale-buys-240m-in-bitcoin-in-largest-capital-raise-week-ever [link] [comments]  | ||
| 300 Banks in Germany Charge Negative Interest Rates Including Deutsche Bank, Commerzbank, ING Posted: 15 Nov 2020 04:06 PM PST
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| Bitcoin Cash (BCH) Hard Forks into Two New Blockchains Following Disagreement on Miner Tax Posted: 16 Nov 2020 01:27 AM PST
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| Locked Out Coinbase User From 2015 Sees Their $1 in Bitcoin Turn $65 Posted: 15 Nov 2020 06:56 PM PST
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| Addressing Bitcoin Criticisms. Fidelity Digital Assets 11/13/2020. Posted: 15 Nov 2020 08:56 PM PST
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| Bitcoin-Loving Senator-Elect Praises Crypto as a “Store of Value” Posted: 15 Nov 2020 11:44 PM PST
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| Moons, I know ��♀️ But please somebody help me. Posted: 16 Nov 2020 02:05 AM PST Hy everyone. I do not post offten just when I really need help, this is not for those Moons or I don't know what else, I just really need help with this. Me and my partner are miners for couple of years now and in reallity we're fighting every day with hashes, electricity bills, burnt cables, pools...you know what I'm talking about, if you don't is better to skip this too. I was not active in group for some time now, we're learning on our own how much we can. We asked here when we really needed (always got help and right answers, advice which worked) and I know it will come a time when we will need you again. Couple of days ago I was looking for some answers on this subreddit and all I saw was not really helpfull, most of post were reposted c**p so the real things is really hard to find. I than was trying to find out more about current situacion (Moons) and did not get the answers, I know this is "washed out" theme but I really want to know what the hack is going on? What are those Moons, are they realy worth so much that is better to lose helpful profi users over this herd of random people? Why do people go nuts over this? I know and understand that lots of people are at home at the moment and do not have anything else to do in life than to put some crazy posts over the internet and are in desperate need of couple of dollars but this is just unbeliveble. Yes we are miners but would we stood so low for couple of cents or are people earning thousents of dollars over this? Please, can anyone tell me about those Moons? And please do not judge me-I don't live on this subreddit, maybe I didn't see if someone already asked about it, it is immposible to find useful information. Those hard times and karantene is changing people, everything on internet causing a herd reaction of people who don't even mine, have or working with crypto. And that is on most of subreddits, people go like; It is not important what I post-I just desperate need this attention so REPOST REPOST POST ST DOESN'T METTER WHAT, POST REPOST POST..and their thumbs are on fire. 🤦♀️ Get a job, you know. If some people have so much time and so low self-confidence to sell themselfs out over a couple of Moons, where will we land? Again, I understand times we are going through but some of us really used this subreddit for help, if we want cp we'll go on FB or one of those platforms. I really thought this was different. And the most disturbing is that the "real players" don't even know what Moons and don't need it so desperate but we are forced to scroll like 10 pagas to find one approximately helpfull post. My partner said it got better in last week because of all people who don't like seeing that kind of post but as I scrolled down I said to him it doesn't look that way. I beg you, if you are still reading, help me understand before I lose my mind over this. It will took you a minute but you will help one desperate miner. I'm really thankful for every answer I get and please do not judge me for this question, I would learn myself but I could find an answer. 🤷♀️🙈 Thank you from the bottem of my miner heard 💙 Btw I am really sorry for my English, it is my third language so I'm still strugeling [link] [comments]  | ||
| The Bank for International Settlements Posted: 16 Nov 2020 01:55 AM PST The Bank for International Settlements (the BIS). Possibly the most powerful bank that most people haven't heard of. Known as the central bank for central banks. The BIS was set up in Basel, Switzerland, in 1930 to facilitate World War I reparations payments from Germany. It was partly the brainchild of Montagu Norman, the Depression-era Governor of the Bank of England. Norman, or rather those he was representing, wanted a new bank that would serve as the world's first international financial institution. A meeting place for central bankers. Away from the demands of politicians and the prying eyes of nosy journalists, the bankers would bring some much needed order and coordination to the world financial system. Norman's proposal gained an eager advocate in Hjalmar Schacht, the Reichsbank president. The Reichsbank was the Central Bank of the German Reich at the time. Schacht saw the BIS as a way of easing Germany's reparations burden, but it became far more than that: The BIS helped to sell gold seized by the Nazis from occupied nations and acted as a conduit of hard currency that allowed the Third Reich to buy raw materials throughout the war - to the point where Emil Puhl, the Reichsbank Vice President, described the BIS as the "only real foreign branch" of the Reichsbank. The BIS's morally tainted wartime experience almost sank it at the 1944 Bretton Woods Conference, when Treasury Secretary Henry Morgenthau and lead American delegate to the conference Harry Dexter White sought to liquidate it while setting up the postwar international system dominated by the World Bank and International Monetary Fund. However, the BIS's powerful friends intervened to save it. Since then the BIS has continually reinvented itself, using the Bank as a place to host a lot of the new architecture of the financial system, specifically the Basel Committee on Banking Supervision (BCBS). The Petrodollar Era has had a massive impact on foreign policy. It was the CIA who imported a new leader for the so called "people's rebellion" in Libya. Indeed, Khalifa Hafter had spent the past 20 years living with no known source of income just five miles away from the CIA's headquarters in Langley. Cheney expressed great concern in a speech in 1999 that foreign governments were controlling oil. "While many regions of the world offer great oil opportunities, the Middle East, with two thirds of the world's oil and the lowest cost, is still where the prize ultimately lies." Former Supreme Allied Commander Europe of Nato, from 1997 to 2000, Wesley Clark claims that in 2001, a general in the Pentagon showed him a piece of paper and said: "I just got this memo today or yesterday from the office of the secretary of defence upstairs. It's a, it's a five-year plan. We're going to take down seven countries in five years. We're going to start with Iraq, then Syria, Lebanon, then Libya, Somalia, Sudan, we're going to come back and get Iran in five years." This agenda fitted perfectly with the famous think-tank called the Project for the New American Century. So how is this all relevant to the BIS? Well, the Libyan government controlled more of its oil than any other nation on earth and it is the type of oil that Europe finds easiest to refine - OK that seems like incentive enough to impose democracy - but there's more: Libya also controlled its own finances. For the seven countries named by Clark, what did they have in common? None of them were listed among the member banks of the BIS, putting them outside the long regulatory arm of the central banker's central bank in Switzerland. What about today? Well, naturally, the BIS is preaching about the importance of Central bank Independence. As well as this, they have a new innovation hub, incorporating research into Central Bank Digital Currencies. The BIS continues to operate with less disclosure than the central banks that make up its executive committee. Its assets are protected against seizure. Its process of establishing capital requirements for banks remains...opaque. [link] [comments]  | ||
| $2.3B in Bitcoin exchange outflows dwarfs the amount of new BTC mined Posted: 16 Nov 2020 03:11 AM PST
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| Posted: 15 Nov 2020 07:43 PM PST So me and my fiancé had a trip planned this upcoming Tuesday to go visit her sister for Thanksgiving. We got a call from her sister that they are going into lockdown and if we come we can't stay with them and would have to quarantine when we got there and when we got back. We canceled the trip tonight and are going to probably do thanksgiving some where we can drive to. As far as crypto, with another US lockdown coming soon. What do you all think the climate will continue with crypto? Keep climbing as the condition of COVID sends the economy back to a stand still? Thoughts [link] [comments]  | ||
| Best hardware wallet for BTC + ETH Posted: 16 Nov 2020 01:33 AM PST I want to buy my first hardware wallet and was almost decided for a Trezor One but find out they can give issues with ETH, so now I'm not sure anymore. I know I don't want a ledger I just dont trust them. Would a Trezor model T be my best option atm? [link] [comments]  | ||
| Charles Brett's Blockchain Catch-up Week 44 (to w/e 13th November) - Posted: 16 Nov 2020 01:28 AM PST
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| renBTC MakerDAO Collateral Onboarding Risk Evaluation Posted: 15 Nov 2020 06:52 PM PST
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| Grayscale get it wrong on as shitcoin. $1.6m loss on BCH. Posted: 15 Nov 2020 11:19 PM PST
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| Two Bitcoin Whales Just Moved 31,099 BTC Worth $492 Million Posted: 15 Nov 2020 02:53 PM PST
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| Simple steps to keep your crypto safe. Posted: 16 Nov 2020 12:06 AM PST
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| I created an app that helps you practice trading Posted: 15 Nov 2020 09:29 AM PST
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| Pi is pretty new. You can download it on your phone and use my code: ooMartin104 Posted: 16 Nov 2020 03:55 AM PST
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| You can buy a negative COVID-19 test result using Monero on the Black Market Posted: 15 Nov 2020 03:23 PM PST
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| Citibank analyst makes tentative $318K Bitcoin prediction for December 2021 Posted: 16 Nov 2020 03:45 AM PST
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| Anyone else struggling with this? Posted: 15 Nov 2020 09:45 PM PST So I've completed a course on coursera and have been reading white papers off multiple companies. The mechanics of cryptography, how a blockchain works, how mining works, etc, is beginning to make sense to me, but then I run into roadblocks like understanding what an effing token is. On the surface, its similar to ETH and BTC, but then I read further and see that no, it is not just a currency, but can be so much more. But that's where I get hung up, how can a token be a smart contract? That is just the beginning of my struggles. I see posts about how blockchain can be used to make video games, can be used for law, government, etc, an endless list of use cases. But I have no idea how blockchain can be used for this stuff. tbh, trying to learn this stuff has made me realize how god damns stupid I truly am. But it also excites me, makes me want to press on. I guess the reason why I am here is to ask for you to point me in a good direction on sources for learning, crypto gurus or youtube channels that are generally well respected by the community for learning, and what types of things to avoid. There are thousands of blockchain out there, but not all of them are useful. I have heard the current blockchain space be compared to the dotcom bubble of the late 90s. I want to find the blockchains that will be standing in the rubble after the smoke of the next bubble clears. Who are the truly smart people that are into blockchain but also into teaching, or even just talking about blockchain. I have been watching a guy named Lark Davis, he seems smart. Anyone else I can check out, also any free courses on coursera or the like that are great for beginners that you guys might know of? Any help would be much appreciated. [link] [comments]  |
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