• Breaking News

    Friday, December 25, 2020

    Home Unlabelled Cryptocurrency Daily Discussion - December 25, 2020 (GMT+0)

    Cryptocurrency Daily Discussion - December 25, 2020 (GMT+0)

    December 25, 2020

    Cryptocurrency Daily Discussion - December 25, 2020 (GMT+0)

    Daily Discussion - December 25, 2020 (GMT+0)

    Posted: 24 Dec 2020 04:00 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.

    Please be careful about what information you share and the actions you take. Do not share the amounts of your portfolios (why not just share percentage?). Do not share your private keys or wallet seed. Use strong, non-SMS 2FA if possible. Beware of scammers and be smart. Do not invest more than you can afford to lose, and do not fall for pyramid schemes, promises of unrealistic returns (get-rich-quick schemes), and other common scams.

    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 The prior exemption for karma and age requirements is no longer in effect.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.
    • Behave with civility and politeness. Do not use offensive, racist or homophobic language.
    • Comments will be sorted by newest first.

    Useful Links:

    submitted by /u/AutoModerator
    [link] [comments]

    $500M in Bitcoin leaves Coinbase as institutions buy more than miners sell

    Posted: 24 Dec 2020 06:46 PM PST

    introducing r/altstreetbets, the place where you get rich or poor trying to.

    Posted: 24 Dec 2020 04:03 PM PST

    introducing r/altstreetbets, the place where you get rich or poor trying to.

    Hi guys/girls,

    A fresh new cryptocurrency subreddit has been created, r/AltStreetBets. It is focused on altcoin trades, memes, and shilling your favorite moonshot altcoin. We're currently sitting at around 1800 members with a very active community on Reddit and we have a Discord server in case you feel like discussing crypto with other members around the world.

    Post your insane gains or even crazier losses, and be prepared to get flamed for it.

    ​

    'When degenerates figure out crypto'

    ​

    Thanks to the mods for allowing this!

    submitted by /u/SweetPie123
    [link] [comments]

    This is what is going to happen with the ripple lawsuit

    Posted: 24 Dec 2020 08:40 PM PST

    The sec wanted to settle and offered settlement to ripple, garlinghouse and Larsen chose not to and chose for this to go to court. They could have settled and payed a fine. I still think they will reach an agreement with the SEC now that Jay Clayton has gone.

    90 + percent of trading and movement is done on the Xrp ledger OUTSIDE of the USA. Multiple g20 countries have already decided and declared it is a currency, fincen and the us treasury department have done the same.

    You probably hate ripple, you probably hate Xrp. The Xrp ledger exists without ripple no matter what you say, no matter what the sec says. Ripple has the capital to fight this and ex sec enforcers on their board.

    They broke fincen rules and payed a fine. I dare say the same is going to happen with this case.

    At the end of this ripple get what they are chasing after, regulatory clarity not only for Xrp but other cryptos.

    disclosure I hold btc, eth and xrp. Just not going to fight over lines of code like half the people on here.

    submitted by /u/Lemonmule69
    [link] [comments]

    If you are a fan of cryptocurrency, you should be afraid of the SEC-Ripple lawsuit.

    Posted: 24 Dec 2020 07:21 PM PST

    To start off by addressing the elephant in the room, I'm sure a lot of you cheered when you heard the SEC was suing Ripple, claiming they were selling an unregistered security. I don't think there's a more polarizing cryptocurrency out there than XRP, and the number of people who cried out it was a "centralized shitcoin" was huge.

    I'll be honest, while I definitely count myself on the pro-XRP side of things, if you were to ask me what the biggest risk of XRP was, it would be how much sat in Ripple's hands after the founders of XRP essentially became the founders of Ripple. After all, the reason why Ethereum and Bitcoin were considered exempt because they are "decentralized" due to mining. The flip side of this was I also thought that Ripple was one of the few businesses that was actively trying to build a cryptocurrency ecosystem that had real utility, outside of just speculation, but maybe that utility building wouldn't be enough.

    Imagine my surprise, when reading the SEC's 71 page filing, after mentioning the generation of XRP once in a timeline, a good chunk of Section 2 and Section 3 could have been lifted directly from /r/Ripple or XRP Chat, going into detail all the positive things Ripple was doing for both XRP and the larger ecosystem, making sure the market stayed healthy, building liquidity, donating XRP and proceeds to charity, working on, and eventually creating, a product that uses XRP and funding other companies.

    The reason why the SEC did this is to develop a case that if Ripple was building use cases and markets, that would mean that those use cases didn't already exist. Therefore, XRP was speculative and people were investing in the common enterprise of building a use case (Section IV, "XRP Was a Security Throughout the Offering").

    And this line of reasoning should scare the shit out of everybody in the cryptocurrency space.

    Let's be 100% clear, the entire cryptocurrency market right now is speculative. This is all a very cool tech in search of an application. In the meantime, people are trading on the speculation that a use case will come. Even saying BTC's use a "store of value" is just another way of saying "I think that BTC's value will either stay the same or rise," which makes it a speculative investment. Ether is being bought and sold not to run dapps, but on the speculation that dapps will become a significant thing.

    Effectively, this shuts out any companies from doing any development of real use cases for any current or future cryptocurrencies. The second they do, by the SEC's definition, part of people's speculation will be on that use case's success. From the way they described why XRP was a Ripple security, even mined cryptocurrencies could be considered to be securities, provided a single organization was making enough waves.

    So, if you are a company who wants to develop on top of a cryptocurrency, you are stuck waiting on a special blessing from the SEC before you're able to use a cryptocurrency. Right now, that's BTC and Ethereum (and not tokens that sit on top of it), with no method of actually getting approved.

    Also, good luck seeing any non-SEC blessed tokens listed on exchanges. No exchange wants to be accused of marketing unregistered securities.

    We would have all been much better off, XRP investors included, if the SEC stuck with the "decentralization" argument with XRP. If they did, XRP could be poisoned so bad that it would be untradeable, and I would be sad to lose a cryptocurrency that was making actual traction towards real utilization, but at least it wouldn't have been an existential crisis for cryptocurrencies in the US.

    submitted by /u/thekiyote
    [link] [comments]

    Just in: New Pro-Crypto SEC Chairman Appointed

    Posted: 24 Dec 2020 07:42 AM PST

    So is the Ripple ticker symbol gonna change from XRP to RIP?

    Posted: 25 Dec 2020 02:34 AM PST

    On a serious note, is this the end of ripple? I've been trying to follow the sec news and it doesn't look good. Is there a way back? And why all the sudden interest in stellar? Is it coming off the back of what's happening with ripple?

    submitted by /u/her_chop
    [link] [comments]

    No, Forbes, the Ledger hack does not "expose Bitcoin's greatest weakness"

    Posted: 24 Dec 2020 07:36 AM PST

    I'm incensed by the title of this Forbes article in my Google newsfeed today: "Massive Hack Exposes Bitcoin's Greatest Weakness".

    The Ledger hack, which resulted in thousands of people receiving phishing emails and many of them being tricked into downloading malware that stole their cryptocurrency, has NOTHING TO DO WITH A "BITCOIN WEAKNESS". The Ledger hack exposed a LEDGER* WEAKNESS, period.

    *Edit: Ledger the company (who failed to protect customer data), not Ledger the product.

    F**king clickbait, and it worked on me.

    submitted by /u/na3than
    [link] [comments]

    Bitcoin price delivers $24.5K Christmas gift with another new all-time high

    Posted: 25 Dec 2020 03:38 AM PST

    To not be forced into a value system/monetary system - much like religion - that you do not want to be a part of is largely what blockchain technology represents.

    Posted: 24 Dec 2020 12:33 PM PST

    Such a perspective may be a fairly foreign concept and hard to grasp - myself included. Just saying/typing the words and thinking about it may create confusion - which isn't surprising and... is expected, naturally.

    We owe it to ourselves, our family and friends - and our conscientious, reasonable, rational selves - to fight for something like this.

    We've all been indoctrinated and steeped in the current monetary system - seeing outside of such a thing is very difficult and takes effort and courage. If anything, I think DLT is something like a window - a hatch that gives people the ability and means to see and envision a richer, wider, grander, more egalitarian world.

    There's a saying around/about religion that goes something like, "Religion is like living in a house and looking out a window - and then claiming the entire world and landscape and animalia is precisely and limited to what you see out that one window. Meanwhile, though, there are multiple other windows in the house with multiple other inhabitants who have different views and landscapes and animalia."

    I'm sure there are those out there who'd mock this post's sentiment, but I'd argue their point of view and vision to be myopic and unduly dismissive, among other reasons, by way of the role money/value plays in all people's lives - and how money and value transfer often forms personality, brain-physiology, and social circles. Indeed, it's often the very basis of the person we become.

    When viewed through that perspective, it's both not surprising what we're seeing and is expected in terms of government reaction and "traditionalist sentiment." If someone has time to really dig into the historical ramifications and goings-on related to the church and state in years past, there may be some important and salient things to learn.

    Edit: thinking more about the title of this post, I regret not using the more affirmative or positive. Something like, "To have the choice of a value/system - much like religion - that you choose to be a part of is largely what blockchain/distributed ledger technology represents." That's a little more fitting. Nevertheless, the sentiment resides and abides, I think. Happy New Year and may we find ourselves and our family and friends and, even, foes in a better, more understanding, compassionate, and kind state of mind and constitution than the year previous.

    submitted by /u/pale_blue_dots
    [link] [comments]

    Visa Grants Principal Membership to Crypto Payments Platform Wirex

    Posted: 25 Dec 2020 12:40 AM PST

    Grayscale Has $16.4B in Crypto Assets Under Management, Up From $13B a Week Ago

    Posted: 24 Dec 2020 01:23 PM PST

    BitGo and Grayscale Both Hold $16 Billion in Crypto

    Posted: 24 Dec 2020 08:42 PM PST

    Reduce the 24 hour posting, and give an extra posting perk to special memberships.

    Posted: 24 Dec 2020 11:03 PM PST

    This is for posts, not comments.

    The current rules are as followed:

    • Users can only post content once per 24 hours per domain, news, or social media outlet - sites
    • Users can only make a maximum of three posts per 24 hours

    This proposal proposes to reduce the last part from 3 posts to 2 posts per 24 hours. 2 should still be plenty to post per day, but should lower a little bit the news article spam, and definitely lower the meme spam on weekends.

    But this proposal also proposes to increase that last part from 3 to 4 posts per 24 hours if you currently have a special membership.

    It's about time to offer some more perks to the membership.

    View Poll

    submitted by /u/fan_of_hakiksexydays
    [link] [comments]

    Reminder that Lily Allen turned down 200k in bitcoins for a gig in 2009

    Posted: 24 Dec 2020 05:40 AM PST

    Livecoin.net hacked!

    Posted: 24 Dec 2020 09:59 AM PST

    ATTENTION!!!

    Dear clients, we ask you to stop using our service in all meanings: don't deposit funds, don't trade, don't use API. We are under a carefully planned attack, which has been prepared, as we assume, over the last few months. We lost control of all of our servers, backend and nodes. Thus, we were not able to stop our service in time. Our news channels were compromised as well. At the moment, we partially control frontend, and so we're able to place this announcement. We're fighting hard to get back our servers, nodes and funds, we're working 24/7. News and next update will come up in the next few days. We're working in contact with local police authorities. We really do our best to overcome this issue.

    Disclaimer: I have no association with the exchange and merely trying to alert people using the announcement on the website.

    submitted by /u/leonl07
    [link] [comments]

    DeFi platform 1inch releases governance and utility token

    Posted: 24 Dec 2020 06:29 PM PST

    Pro-Bitcoin Regulator to Replace SEC Chairman Jay Clayton

    Posted: 24 Dec 2020 09:05 AM PST

    r/CryptoCurrency Moons on Uniswap

    Posted: 24 Dec 2020 04:50 PM PST

    Shouldn't we create a MOON/ETH pair on Uniswap to be able to trade the subreddit's moons?

    Currently the only place I see to trade them is HoneySwap but that's not as widely used as Uniswap and I believe more people would trade the coin if it were listed there.

    submitted by /u/Jarrettthegoalie
    [link] [comments]

    DeFi Christmas: DEX Aggregator 1inch Launches Governance Token to Take On Uniswap

    Posted: 24 Dec 2020 04:07 PM PST

    Coinbase's First-Ever Developer Grant was Awarded to Bitcoin Developer who Lost Bitmain Funding

    Posted: 25 Dec 2020 01:59 AM PST

    The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations | Regulation Bitcoin News

    Posted: 24 Dec 2020 11:08 AM PST

    Hypothetically speaking, what happens to Bitcoin’s value proposition if Ethereum manages to achieve zero net issuance via ETH 2.0 and EIP-1559?

    Posted: 24 Dec 2020 07:18 AM PST

    Even if Ethereum only manages to achieve near zero issuance, why is staking returns not being accounted in the conversation? If Ethereum succeeds it will have a sustainable monetary policy. I am afraid the same cannot be said about Bitcoin (the security model was not designed for it to be a reserve asset and have transactions externalized to other systems).

    submitted by /u/TheWierdGuy
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment