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    Cryptocurrency Daily Discussion - December 16, 2020 (GMT+0)

    December 16, 2020

    Cryptocurrency Daily Discussion - December 16, 2020 (GMT+0)

    Daily Discussion - December 16, 2020 (GMT+0)

    Posted: 15 Dec 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 The prior exemption for karma and age requirements is no longer in effect.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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    Trump is reportedly considering pardon for Silk Road founder Ross Ulbricht

    Posted: 15 Dec 2020 07:44 PM PST

    35% of all US dollars in existence have been printed in 10 months.

    Posted: 15 Dec 2020 08:52 AM PST

    35% of all US dollars in existence have been printed in 10 months.

    ​

    Graph

    The fact that US is printing alot of money is not solving the issue of common people. Those money going directly to rich people because 40% of Americans don't have $400 in the bank for emergency expenses: Federal Reserve - https://abcnews.go.com/US/10-americans-struggle-cover-400-emergency-expense-federal/story?id=63253846

    Those printing machines just keep printing money and keep creating wealth difference between rich and poor. They will make the rich richer and the poor poorer.

    Do we really need fiat in long run with unlimited supply as its value will keep decreasing over time? I think No that's why Satoshi created Bitcoin. He was Visionary and Revolutionary no doubts.

    submitted by /u/salil19
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    An incoming Senator believes bitcoin is a better store of value than paper money and plans to teach Congress how to use it to reduce the national debt

    Posted: 15 Dec 2020 11:29 AM PST

    Trump Is Considering Clemency for Silk Road Founder

    Posted: 15 Dec 2020 06:37 PM PST

    DeFi on Bitcoin Gets a Boost as Sovryn Launches on RSK

    Posted: 16 Dec 2020 02:01 AM PST

    Pick up another .5 BTC or diversify my portfolio with ETH?

    Posted: 15 Dec 2020 08:01 PM PST

    Being undecided between buying an additional .5 BTC or diversifying my portfolio with Ethereum is a tough decision to make.

    I currently hold:

    • BTC
    • ADA
    • ALGO
    • XRP

    Everything in my portfolio I plan to hold long term and ideally never convert the BTC back to fiat.

    I'm not opposed to buying more bitcoin, however, if I can diversify my portfolio with this last bit of fiat, I would like to do so.

    Is buying 15+ ETH at their current market value ($583 USD) a good idea? Or just stack another half a BTC coin? Something else altogether?

    By the way, I am really excited about this post because I just reached the karma required to post in this community. Thank you all for your feedback! I appreciate any suggestions and advice, as they will help guide my own research.

    submitted by /u/anonergo
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    Antonopoulos Slams PayPal Bitcoin: It Isn't Real Bitcoin

    Posted: 15 Dec 2020 04:13 AM PST

    Moon Proposal to create some use case of Moon

    Posted: 16 Dec 2020 01:36 AM PST

    Moon Proposal to create some use case of Moon

    Right now moon value is $0.014 and it gonna dump more after the next distribution like r/fortnite bricks because there is no current use case of moons and there is no news of Mainnet even so some major exchanges will list it.

    I wanna suggest 2 use case of moons but not sure it's kinda possible for Reddit or this sub so please guide me u/jwinterm u/LargeSnorlax u/SamsungGalaxyPlayer

    1. r/CryptoCurrency promotional banners should only be purchasable with moons and those moons should lock after purchasing it for 2030-35 when all 250 million moons will be distributed to the community they will get unlock for further distribution. I know Reddit is earning from this promotion so why they should accept it but thinking they also get a 50% share in every distribution and there will be a hike in Moon price if this will be implemented. example - Around 10k moons per day for promotion will be locked it will be 300k moons per month.

    ​

    Promotional Banner

    1. r/CryptoCurrency special membership should only be given in moons and those moons should also be locked for 2030-35. But right now special membership price is 1000 moon/month which is $14, if Reddit can lower it down to 200-300 moon/month everyone will be happy to have it like r/ethtrader they have fees of 200 donuts/month. Even it will be more convenient to purchase the membership because people don't like to give personal details for purchasing a membership through the card.

    I am not sure they are a good idea or not so I will like to hear from everyone.

    TLDR: Only moons should be used to promote and purchase special membership in this sub

    submitted by /u/da_dreamerr
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    Microstrategy May Soon Holds Upwards Of 0.4% Of All Bitcoin

    Posted: 16 Dec 2020 02:32 AM PST

    FCA deadline - Why isn't Coinbase registered? so crypto trading & storing will be stopping on Coinbase January 10th for UK customers?

    Posted: 16 Dec 2020 02:24 AM PST

    Coinbase isn't on this list and the deadline was December 15th. Binance isn't either. So are the top crypto exchanges ceasing trading & storage for all UK customers next month?

    "Firms that did not submit an application by 15 December 2020 will not be eligible for the temporary registration regime. They will need to return cryptoassets to customers and stop trading by 10 January 2021. Firms that do not stop trading by that date are at risk of being subject to the FCA's criminal and civil enforcement powers."

    https://www.fca.org.uk/news/press-releases/fca-establishes-temporary-registration-regime-cryptoasset-businesses

    https://register.fca.org.uk/servlet/servlet.FileDownload?file=0154G0000062BtF

    submitted by /u/Lightninghead
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    UK investment firm Ruffer Investment Company has just invested 2.5% of their holdings into Bitcoin, selling gold to get into BTC. Prepare for a wave of stories like this over the coming weeks.

    Posted: 15 Dec 2020 03:38 PM PST

    Nexus Mutual CEO's wallet hacker now attempting to extort him

    Posted: 16 Dec 2020 01:39 AM PST

    https://etherscan.io/tx/0xcc931f47a1849d060f1e9ac38a4fe16aec728c968a75dd9115852c6db3568985

    Click on 'Click to see more'

    Under 'Input Data', select UTF-8.

    "Hello Hugh. I will not sell wNXM any more until wNXM recovers his value or you send me 4.5k ETH.

    If you need any negotiation with me, send msg to my eth address.

    ​

    Following are your addresses. You are rich, Hugh."

    submitted by /u/megacorn
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    Grant Thornton Cyprus — Leading Assurance Conglomerate — Becomes An Authority Masternode On The VeChainThor Blockchain

    Posted: 15 Dec 2020 11:58 AM PST

    Trump Considering Clemency for Silk Road's Ross Ulbricht: Report - Decrypt

    Posted: 15 Dec 2020 07:30 PM PST

    Most user friendly way to gift Crypto?

    Posted: 16 Dec 2020 02:26 AM PST

    I have friends and family asking me about crypto whenever it gets a lot of attention in the media, and many of them would like to dip their toes in but after I explain the process, it's easy to get put off.

    This Christmas I'd like to gift some people small amounts to get them started but I can't really think of the best way. I could make them paper wallets but then they'd have no idea how to ever take them off.

    Has anyone found a good way to be able to gift crypto so that the non-technical people who receive it can manage it fairly easily? or is a paper wallet the way to go?

    Thanks!

    submitted by /u/maxoys45
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    EY and Microsoft Expanding Blockchain Platform for Xbox, Say System Can Process 2 Million Transactions Per Day

    Posted: 16 Dec 2020 12:32 AM PST

    Buy Bitcoin Now, or Take the Risk That Your Enemies Buy Your BTC

    Posted: 16 Dec 2020 02:05 AM PST

    Pornhub Deletes Millions of Unverified Videos, Accepts Bitcoin and Cryptocurrency Payments

    Posted: 15 Dec 2020 11:49 PM PST

    Jokes on you, I'm too far in the red to cash out anyway.

    Posted: 15 Dec 2020 11:36 PM PST

    Sources claim ‘sympathetic’ Trump is considering pardon for Silk Road founder

    Posted: 15 Dec 2020 11:00 PM PST

    'Secret' bridge turns ERC-20 tokens into privacy coins

    Posted: 15 Dec 2020 04:34 PM PST

    Crypto Caps - Episode 02

    Posted: 15 Dec 2020 09:37 PM PST

    Genesis Mining Uses Excess Bitcoin Energy to Heat Greenhouses

    Posted: 16 Dec 2020 04:10 AM PST

    How does the value of non-US fiat currencies affect the buying power of those currencies in bitcoin or other cryptos?

    Posted: 16 Dec 2020 01:53 AM PST

    For example, GBP has risen recently vs USD (GBP/USD increase). Does this mean in a sterling denominated account, GBP buyers of bitcoin will get more for their money than they would have done before the increase of GBP/USD, assuming the price of BTC stayed the same?

    How is bitcoin priced against all fiat currencies? Do I buy USD with my GBP and then buy BTC?

    submitted by /u/Robindinho
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