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    Cryptocurrency New Moons Distribution (Round 7 Proposal)

    November 26, 2020

    Cryptocurrency New Moons Distribution (Round 7 Proposal)

    New Moons Distribution (Round 7 Proposal)

    Posted: 25 Nov 2020 02:23 PM PST

    UPDATES:

    As we mentioned in the last distribution, we've lowered the requirement for distribution polls.

    • For a poll to pass, its winning option needs to have enough Moons to meet a Decision Threshold. This Decision Threshold has been set to a minimum of 10% of the Moons supply to start with.
    • The decision threshold will automatically update once a week. The new decision threshold will be calculated as the average of the existing threshold and the number of Moons cast in favor of the most highly-voted option in governance polls over the last 4 weeks. There will still be a 10% minimum of the existing Moons supply (it can't go lower than that).
    • When you create a poll, there is a new option to mark it as a Governance poll. These are the polls that will be used to make decisions and to update the decision threshold. If you are making a poll on Moons distribution, make sure to mark it as a Governance poll.

    We also wanted to provide some more data points that might be useful as you think about different ways to distribute Moons.

    • There have been multiple polls on changing the weighting of comment karma and post karma. In the current round, 65% of the karma is from comments, 35% is from posts.
    • There have been questions about changes in voting behavior. Since the introduction of Moons, there are 52% more upvotes on a weekly average, while only 25% more downvotes. There are 40% more unique users upvoting than before and 10% more downvoting.

    --

    Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.

    Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish.

    This distribution is based on karma earned from 2020-10-28 to 2020-11-24. Here is the data.

    To propose an alternative distribution:

    • You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily).
    • The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative.
    • Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing.
    • In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions.
    • In case of multiple polls passing, the one with the most Moons cast in favor will be the official one.
    • If no alternative passes, the data provided here will become official.

    The contribution scores for this round will be finalized on 2020-12-02. Any poll proposing an alternative needs to be completed before then.

    After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app.

    submitted by /u/CommunityPoints
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    Daily Discussion - November 26, 2020 (GMT+0)

    Posted: 25 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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    Just a reminder to everyone that HitBTC is a SCAM exchange

    Posted: 25 Nov 2020 10:08 PM PST

    I was holding some old tokens from around 3 years ago that I bought in an ICO, looked on CMC to find what exchanges were trading it and only HitBTC was. So I signed up, seeing that their withdrawal limits for unverified accounts were over the amount that I was trading (around $5,000 worth of coins).

    Deposited my tokens, sold them for ETH, went to withdraw. It randomly says "failed" after about 3 hours, with no email notification or explanation. So I tried to withdraw again, then it says that my account has been disabled.

    I've emailed support, still no response after nearly a week even though their support page says responses happen within 24 hrs. Went over to their subreddit and see that they've been scamming people like this for a LONGGG time now. Some people have been trying to get their money for over a year.

    Why is this shitty exchange still listed on coinmarketcap?

    submitted by /u/whyubreak
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    I'm literally not going to look for 7 days.

    Posted: 26 Nov 2020 12:52 AM PST

    Yeah. This is stressful. I bought in recently after I enlightened myself on blockchain and blah blah blah and now I'm down a lot of money.

    Bought the dip and it dipped even more, I have no more cash and I refuse to sell at a loss because I believe in it but I keep staring at my losses as if looking at them makes it go away. All I can do is stare.

    One of you guys come wake up in 7 days and hopefully my portfolio is not fucking dead. I'm not looking here or anything to do with crypto in the mean time.

    Godspeed.

    submitted by /u/GODSandSHITHEADS
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    A few friendly tips for the newcomers

    Posted: 26 Nov 2020 03:08 AM PST

    Over the last few weeks we've seen a huge amount of price movement in almost every coin in the top 100 and beyond. Along with the new bullish market sentiment, I've seen quite a few new users commenting in the daily who are new to crypto and have just brought in during the recent hype, I thought that now might be a good time to share some knowledge I've picked up over the last few years.

    ​

    1. These market corrections are brutal - but necessary! - No market just goes straight up, no matter how much we wish it could. In order for BTC and crypto in general to grow and flourish its important that markets break new ground before having a correction or some sideways movement to cool off a little bit. The current market rally is a classic case of over extension and many of us were expecting a cooldown, we just didn't know when! Don't look at your portfolio for a few days and take some time off. Although these corrections are brutal, once they bottom the recovery is often fairly swift!
    2. When in doubt, zoom out - Along a similar vein to my last tip, we've seen crazy gains over the last two weeks, if your worried about losses, just zoom out and look at where we were two weeks ago. Most coins are still up a significant amount in the last 7-14 days. At the current rate BTC could dip another 25% before the end of the month and we'd still finish November with the highest monthly close IN HISTORY! So try not to fret too much.
    3. This is just the beginning - If you're invested, your still an early adopter (congrats!). If 2017 was anything to go by this is still just the very early stages of this new bull market. Expect to see even crazier gains as we break all time highs and beyond, also expect more 10/20/30% even 40% retracements as BTC and alts break new ground.
    4. Only invest what you can afford to lose - I made a thread around a week ago along the same lines as this comment, remember to only pony up what you can afford to lose, especially with all the economic uncertainty at the moment. Crypto is still a very young market and it could all crumble to 0 with the wrong combination of events! (although this is unlikely).
    5. Enjoy the ride - Crypto and this sub is a great place to crack jokes, learn new things and chat with others about your shared interest in crypto. Enjoy the ride, learn some new things and don't stress too much!

    Hope this helps newcomers/anyone feeling disheartened about the dip today.

    Stay safe xo

    submitted by /u/Coinwerm
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    USA Regulation Regarding Self-Hosted Crypto Wallets

    Posted: 25 Nov 2020 04:36 PM PST

    "An upcoming story about Coinbase on New York Times" - Coinbase

    Posted: 25 Nov 2020 07:22 PM PST

    New Research Suggests Satoshi Nakamoto Lived in London Creating Bitcoin

    Posted: 25 Nov 2020 04:35 PM PST

    MOON PROPOSAL: Meme posts weight

    Posted: 25 Nov 2020 03:09 PM PST

    This proposal was already sent by me in the last month here, however I made some mistakes like giving too many options and forgot to put the "Keep as is" option.

    I've listen to all the criticism and reduced to only 3 options. I hope it's more straightforward and easier to understand now.

    As we all know there are people organizing in Discord to selectively upvote and downvote posts, this is much more evident in Memes but happens all across this sub but... we need to start somewhere.

    The point of the poll is to try to reduce the number of people spamming Memes and to discourage the organized upvoters/downvoters.

    We need 4,081,037 Moons for the voting to pass.

    Make sure to check the other moon proposals as well:

    Poll to double comment karma

    View Poll

    submitted by /u/JustFoundItDudePT
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    Proposal to remove moons gained/lost from the daily

    Posted: 26 Nov 2020 01:54 AM PST

    Since Moons have been implemented, we've seen "upvote rings" at work in the daily discussion, while at other times seeing mass downvotes. We're also seeing a lot of posts that don't add to the discussion, but are fishing for upvotes such as "POPULAR COIN TAKE MY ENERGY", "Upvote crew, time to get to work" and such. This happens far less in posts outside the daily, which makes sense as moderation is also less stringent on the daily than on the rest of the subreddit. Realistically, we also have a chatroom for this, but the Daily Discussion seems to have become our de facto chat room.

    ​

    The actual valuable posts and discussions happen outside the daily, while the daily is used mostly to spam. In my opinion this is okay and gives everyone a nice outlet for these sort of comments, but I think that we should reward moons to the valuable posts and discussions rather than to spamming. This is why I propose to not award Moons for karma gained in the daily posts. The net effect of this would be more Moons going to people creating posts and comments outside the daily, while we can keep the daily for chat and spam, and not care about the upvotes/downvotes there.

    View Poll

    submitted by /u/SenatusSPQR
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    History does not disappoint

    Posted: 25 Nov 2020 11:22 PM PST

    History does not disappoint.

    https://i.imgur.com/3SOXCEa.png

    https://i.imgur.com/8Ap3RTt.png

    As expected we got rejected like last time, will be interesting to see where we end up.

    submitted by /u/At0m11c
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    Bitcoin Rally Isn’t Just Institutional Driven, Emerging Markets Are Voting For Revolution

    Posted: 26 Nov 2020 03:35 AM PST

    The Danger of Buying Bitcoin via PayPal Has Already Come to Light With a First Example

    Posted: 26 Nov 2020 01:39 AM PST

    Pantos and IOTA support government backed Christian Doppler Laboratory in Vienna for joint research

    Posted: 26 Nov 2020 03:09 AM PST

    MOON PROPOSAL: Moon cashback

    Posted: 26 Nov 2020 12:58 AM PST

    I feel like this is one of the things everyone did when moons first was introduced - and now noone does. The tipping feature is unfortunately very underused, which I think is a shame because along with awards it a nice way to show people you think they made a quality post or comment.

    I think the incentive to do this would increase if there was some sort of 'cashback' on using moons for their original purpose such as tipping, GIFs and membership.

    Now the difference between this, and just plain out giving a discount on GIFs and membership is of course that this would apply to tipping as well. As for actual numbers I think it might be best to start out trying something like 40% cashback in spirit of the season, and holding subsequent polls to regulate the number as we go along and learn how well it affects spending moons.

    So if you earned 100 karma in a month, and also spent 500 moons on GIFs and tipping this would result in a distribution of 300 moons for you (40% of 500 is 200, so 100 + 200).

    View Poll

    submitted by /u/Fachuro
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    MOON Proposal: Double Comment Karma

    Posted: 25 Nov 2020 02:49 PM PST

    This proposal would cut post karma weight in half, or double comment karma (same effect). The purpose of this would be to encourage more thorough discussion as well as acknowledge the difference in relative effort/karma between posts and comments. No matter how well thought out or helpful a comment is, it won't get the same visibility/karma as a post.

    This has been submitted three times before however it did not reach the required amount of moon to pass despite receiving overwhelming support in favor (not one poll had less than 90% of votes in favor):

    1

    2

    3

    View Poll

    submitted by /u/nanooverbtc
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    Its fine, just fine...

    Posted: 26 Nov 2020 12:32 AM PST

    Important things to note about the Spark airdrop

    Posted: 25 Nov 2020 08:10 PM PST

    Hi there, this is my first post here so go easy on me. I realized that there's a lot of hype surrounding the upcoming Spark airdrop which is why I made this post to highlight the stuff that no one's talking about.

    1. 12/12 is the snapshot date, not the network launch. You can only claim your tokens after the network launch. The date of the launch is unknown but it's said to be soon after the snapshot date.

    2. You'll have to claim your tokens within 6 months after the network launch otherwise your tokens will be burnt.

    3. After the network launch, you'll only be able to claim 15% of the Spark tokens you're eligible to and the rest will be distributed over the course of 25-34 months. For example, if you're eligible for 10000 Spark, you'll get 1500(15%) at network launch. Then the balance at 2-4% every month. So that would be 8500*3% = 255 Spark tokens a month. It'll taken around 34 months to get the full amount.

    4. For all you whales, there's a 1Bn cap for the amount of tokens you can receive.

    More details here: https://blog.flare.xyz/further-information-on-the-spark-token-distribution/

    submitted by /u/Suicidal-duck
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    Fidelity Executive Says Investment Giant Will Support Ethereum, Launch Bitcoin and Crypto Trading Services for Retail Clients

    Posted: 25 Nov 2020 09:08 AM PST

    PayPal stopping users from buying too much Crypto – Restricting Accounts

    Posted: 26 Nov 2020 12:51 AM PST

    This is weirdly entertaining to watch

    Posted: 26 Nov 2020 01:15 AM PST

    Getting those Coinbase notifications with these flash dumps for example of ETH to 337 Euro and instantly rebounding to around 419. Good thing I'm still in the green thanks to DCA'ing through out the year, but jesus this is both scary and entertaining to watch. Finally a correction of that madness!

    submitted by /u/TheBasikz
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    Trump Administration May Rush Out Burdensome Crypto Wallet Rules

    Posted: 25 Nov 2020 08:26 PM PST

    MOON Proposal: Limit MOON distribution for memes

    Posted: 25 Nov 2020 03:53 PM PST

    This proposal would work with the current half karma for posts vs comments, but it would cap the amount of karma gained towards moon distribution to 200(after post karma is halved). There are so many reposted memes, and I wish reposts could get 0 moons but I feel that would be hard to implement.

    Under this system, here are some examples:

    -Meme poster gets 100 karma from a single post: 50 karma goes towards moon distribution

    -Meme poster gets 400 karma from a single post: 200 karma goes towards moon distribution

    -Meme poster gets 1000 karma from a single post: 200 karma goes towards moon distribution

    Edit: the first option would be half karma until reaching the 400 karma threshold, following the examples

    View Poll

    submitted by /u/RV_123
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    Want to Know if the Bitcoin Price Is on the Move? Just Check if Coinbase Is Down …

    Posted: 25 Nov 2020 09:38 AM PST

    About 2,822 BTC was moved from the OKEx exchange within 15 minutes of withdrawals restarting. Explanation of recent 15% dip?

    Posted: 26 Nov 2020 01:56 AM PST

    OKEx has officially resumed withdrawals five weeks after services were suspended due to a missing key holder.

    Posted: 26 Nov 2020 12:12 AM PST

    Bitcoin Whale Population Hits All-Time High as Large Holders Keep Accumulating

    Posted: 26 Nov 2020 03:37 AM PST
    Read more
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