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    Cryptocurrency New Moons Distribution (Round 9 Proposal)

    January 21, 2021

    Cryptocurrency New Moons Distribution (Round 9 Proposal)

    New Moons Distribution (Round 9 Proposal)

    Posted: 20 Jan 2021 02:24 PM PST

    UPDATE: Following this community-approved distribution proposal, people who claim Moons in the previous distribution round and hold them (i.e. don't transfer them) get up to a 20% bonus on their karma. This update has been applied to this round.

    --

    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 2020-12-23 to 2021-01-19. 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 2021-01-27. Any poll proposing an alternative needs to be completed by 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 - January 21, 2021 (GMT+0)

    Posted: 20 Jan 2021 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
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    President Joe Biden has frozen Steve Mnuchin's proposed FinCEN rule that targets “unhosted” cryptocurrency wallets

    Posted: 20 Jan 2021 06:30 PM PST

    I also sold after 8x profit. Not a success story.

    Posted: 20 Jan 2021 10:33 AM PST

    Unfortunately I sold not because I wanted to but because I needed. My wife had a miscarriage on the 4th month of pregnancy. The baby had down syndrome and died of a heart attack.

    It's not a success story like the others I have seen lately but that's what I got. The procedure itself had a lot of complications and turned out to be very expensive, every exam and test she did prior to the miscarriage were also expensive but not to the point of thinking about cashing out.

    Just wanted to get it off my chest, thanks for reading.

    PS: If you can, keep hodling!

    submitted by /u/IkantSpelPraperly
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    Pornhub adds XRP, BNB, USDC, and DOGE to its payment options

    Posted: 20 Jan 2021 04:58 AM PST

    Dude knows no bounds: Craig Wright's lawyers demand to take down Bitcoin Whitepaper from Bitcoin.org, website owners refuse

    Posted: 21 Jan 2021 01:03 AM PST

    r/wallstreetbets taught me about personal risk tolerance in crypto markets

    Posted: 21 Jan 2021 02:45 AM PST

    I'm gonna min/max this shit with 100x leverage and stick my balls in the hard drive as collateral

    Any and all corrections only make me more committed to the masochistic shit storm that is crypto. I genuinely can't get enough of this volatility, there's so much volatility that people are having daily nervous breakdowns - questioning every single one of their decisions like the future of the world depends on it

    To put this in perspective: we are on a rock spinning in infinity and we are all going to be dead in 100 years time. Long live the chaos of crypto and let our gains be ripe aplenty

    N.B. If any of you would like further advice about the r/wallstreetbets approach then I advise you start off by rectally inserting a 12" cucumber up your rectum covered in hot sauce

    (this will harden you to the markets and how hard they will fuck you)

    submitted by /u/MedicalWood
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    My 64 year old dads analysis of why I shouldn't invest in cryptocurrency.

    Posted: 20 Jan 2021 09:28 AM PST

    "You know, the Russians are eventually going to hack the four-chain through a back door that nobody knows about."

    I immediately went home to put another $500 in in various cryptocurrencies. The only thing he proved to me is that when his generation dies off, this shit is going to skyrocket.

    submitted by /u/zeusophobia1
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    1% (or 0.5%) of MOONs distributed every month go to "Charity Pot"

    Posted: 20 Jan 2021 05:44 PM PST

    Every month with Moons distribution, either 1% or 0.5% of moons to be sent to a dedicated account to be used for charity purpose.

    The payout (ideally every 6 months) to charity is decided by a community poll with two or three options provided by sub's MODs.

    Exact details of this process can be finalised in next month or two but this poll is to agree in principle that a small proportion of moons will go to good causes.

    View Poll

    submitted by /u/afterthefuture
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    Bitcoin.org Refuses to Remove Whitepaper Despite Legal Demands

    Posted: 21 Jan 2021 01:30 AM PST

    Ethereum May Surge Sevenfold to $10,500, Fundstrat Global Says

    Posted: 20 Jan 2021 08:39 PM PST

    US President Freezes Proposed Crypto KYC Regulations

    Posted: 21 Jan 2021 01:09 AM PST

    President Biden freezes FinCEN's proposed crypto wallet regulations

    Posted: 20 Jan 2021 07:30 PM PST

    ELI5: Why should I hodl?

    Posted: 21 Jan 2021 02:40 AM PST

    Okay so I see a lot of people and most people just say that you should HODL your crypto because the price will go up, you can make money etc. But doesn't that completely defeat the purpose? Was the purpose of cryptocurrency not to act as a currency? Shouldn't it just be traded as a currency would and not bought and sold for a profit?

    I get that it can rise and fall significantly and so of course you can make a profit but isn't the main purpose to function like a currency? Why should I hodl and not spend it?

    submitted by /u/Doc-984
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    Proposal to decrease MOON distribution for link posts

    Posted: 20 Jan 2021 09:13 PM PST

    You've seen the "Bitcoin did X" or "Ethereum did Y" posts racking up thousands of upvotes in the front page. The first of content like these to be posted are the ones to hit the spotlight. It's actually a race. A race considering the vast disparities of internet connection, reaction time, computer speed, etc.

    The intended purpose of this sub is to communicate with members who are interested in cryptocurrency, not game the system to earn moons whenever important news comes out. Moons are supposed to be a fun way to represent ownership of this sub, to be rewarded for meaningful contribution. A news article goes a long way for communication, but you didn't write it. People just post it and be rewarded for someone's work. It takes no forethought to copy a link the moment the notification bell rings and paste it here.

    I've seen many proposals to reduce moon distribution for meme/comedy posts. I've seen quite a few for media posts, but I want to give it a stronger argument for this proposal, and bring it to light. It surprises me that this hasn't been proposed as much as for meme posts, as most are images taken off of the internet; they are the same caliber of low-effort. Posting useful information shouldn't turn into a race to get moons.

    View Poll

    submitted by /u/Iiau_
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    Yellen’s comments today are completely incorrect and purposefully misleading

    Posted: 20 Jan 2021 12:45 PM PST

    I wrote about Lagarde's comments here, but Yellen is basically parroting the same thing she said. Both are completely ignoring the scale of money laundering that exists in the current financial system:

    Bitcoin is being accumulated heavily by institutions and retail customers through Grayscale, cashapp and PayPal and these don't fit the definition of illicit money launderers. I would say at least 90% of Bitcoin transactions are not illegal in nature.

    submitted by /u/nanooverbtc
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    Craig Wright Lawyers Order Removal of Bitcoin Whitepaper From Bitcoin.org

    Posted: 21 Jan 2021 12:42 AM PST

    Two-day bitcoin sell-off wipes off $100 billion from the entire crypto market

    Posted: 21 Jan 2021 03:43 AM PST

    Going long: 270K Bitcoin moved into storage in a month

    Posted: 20 Jan 2021 08:14 PM PST

    MicroStrategy’s Stock Price Up 339% Since Adding BTC to its Treasury

    Posted: 21 Jan 2021 03:04 AM PST

    The Billionaires and Private Banksters start educating themselves about Crypto. This is not a wild guess but based on observations I made in the UHNWI industry.

    Posted: 21 Jan 2021 02:53 AM PST

    Yes I know, we all do know the stories about big Whales getting bigger, or about MicroStrategy investing 1 Billion in Bitcoin, or institutional players such as Hedge Funds investing heavily in Crypto.

    So this little post here is not about them. This post is about the really (add 3x really here) rich private investors, the guys you normally don't read about because they don't even want you to know that their families are among the richtest families on this planet. Those guys won't tweet tweets like „I just bought 10.000 BTC and I plan to buy another 10.000 tomorrow! Let's moon!" No, they definitely won't do that.

    However, I am working close to the Private Banking industry and my professional network (e.g Linkedin) also consists of several Private Bankers and Family offices Managers who take care of the money of the richest of the richest (the ultra high net worth individuals aka UHNWI).

    So in my Linkedin network, I can see that lots of those financial advisors (some of them are Managing directors of the biggest Private banks worldwide) are actively participating in Crypto events as well as Crypto education sessions. And those education events are not organized and held by random 19yr old YouTuber, but (among others ofc) by the The Billionaire Chronicle (TBC). This club is pretty private so I couldn't find any public link but here is a screenshot of such Crypto education event TBC did (source Linkedin, event took place in January 2021). I have seen tons of posts like this during the past weeks.

    So the fact the the traditional private banker and family office asset managers are educating themselves in the field of cryptocurrency is a big and positive thing.

    I am not saying that those super rich guys and families will invest in Cryptos today or tomorrow. But they are obviously talking to their financial advisor about it. And they are challenging them, they want knowhow and skills in crypto field, from their private bankers. If they like it or not, they have to educate themselves, and that can only be a good thing!

    submitted by /u/nicoznico
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    Proposal to increase karma for Governance participation.

    Posted: 20 Jan 2021 03:01 PM PST

    I would like to propose a small bonus for people who take the time to vote on MOON proposals. This would encourage people to participate in governance which is one of the main reasons MOON exists. We are having a hard time achieving quorum on proposals and this will help get people more active in our governance by providing a small incentive for participation.

    This proposal would give people who vote on MOON proposals with any amount of MOON a 5% bonus and those who vote with a minimum of 40% of their total voting power 1 an extra 10% bonus (15% total).

    The bonus would be given to a user who votes on at least one proposal in a given round and will give a percentage-based increase to the users karma total for that round.

    1 - all moons previously earned through distribution, so if you have sold off over 60% of your moons already, you would have to repurchase up to the 40% threshold to be eligible for the extra 10%

    If you are on old reddit, click here to see the poll

    View Poll

    submitted by /u/Mcgillby
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    British hospitals use blockchain to track COVID-19 vaccines

    Posted: 21 Jan 2021 02:03 AM PST

    Repository of 24 MIT Video Lectures on Blockchain and Money taught by the incoming SEC Chair

    Posted: 20 Jan 2021 10:34 AM PST

    Coronavirus Vaccinations Certified With VeChain's Blockchain Tech in Cyprus

    Posted: 20 Jan 2021 11:09 AM PST

    Understanding what makes a cryptocurrency valuable. I encourage you to try using a smart contract once. This thread is for new people.

    Posted: 20 Jan 2021 05:36 PM PST

    Everyone seems to be buying in to the narrative that bitcoin is "digital gold" or "gold 2.0". Even the big financial players are starting to buy in to this narrative as well - and there's nothing wrong with that either. After using a few smart contracts and listening to the Winklevoss twins refer to ETH as digital oil, I got the idea.

    As per the title of this thread I think everyone in this sub who is invested in multiple coins has an obligation to his or herself to explore what their favorite platform coin can do - regardless of whether its Ethereum, NEO, LoopRing, waves or any other platform token.

    The one platform coin that is at the forefront of all of this goes without saying - ETH. I started buying up at the beginning of 2020 because I saw double digit Eth as a "steal" back in march of this year 2020. Then as time went on I thought it would be a good idea to trade a few DeFi tokens - which I won't mention here. So I went to Uniswap to do this first and realized when I traded Ether for the DeFi tokens, I was using a smart contract. Then I tried staking my DeFi tokens and realized, "Oh this is a smart contract too..." And that's when it clicked for me, "If this gains traction and if there is an enterprise-level use case for this, then a lot of jobs may become unnecessary."

    If Eth scalability becomes a reality, then this is going to be big.

    EDIT: Back when I did the trade on uniswap and the DeFi staking thing, Ethereum gas fees were much much cheaper (this was summer 2020). These days you are likely to pay a 20 dollar fee at the least to make such a trade. In my own experience I usually just check with metamask to see how much the smart contract execution fee is. If I think it's too high, I just wait until later to make it happen. If Eth 1.5 hits this year, then the fees will become considerably cheaper while Eth 2.0 will make the fees nearly non-existent.

    submitted by /u/sgtslaughterTV
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    Ex-Ripple Board Member Tapped to Lead Biden’s OCC: WSJ

    Posted: 20 Jan 2021 07:17 PM PST
    Read more
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