• Breaking News

    Monday, March 1, 2021

    Home Unlabelled Cryptocurrency Daily Discussion - March 1, 2021 (GMT+0)

    Cryptocurrency Daily Discussion - March 1, 2021 (GMT+0)

    March 01, 2021

    Cryptocurrency Daily Discussion - March 1, 2021 (GMT+0)

    Daily Discussion - March 1, 2021 (GMT+0)

    Posted: 28 Feb 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 The prior exemption for karma and age requirements is no longer in effect.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
    [link] [comments]

    Shark Tank's Kevin O'Leary Reverses Stance on Bitcoin, Says Crypto Is Here to Stay, Invests 3% of His Portfolio

    Posted: 28 Feb 2021 04:12 PM PST

    Tomochain stole 25k tomo (40-50k USD) from me while im dying of liver failure. I need this money to stay alive.

    Posted: 28 Feb 2021 11:34 PM PST

    You may have seen my last thread already: https://old.reddit.com/r/CryptoCurrency/comments/lq8sie/tomochain_stole_over_55k_usd_worth_of_tomo_from/

    I left out of this thread that my health is in extremely poor condition, my liver failed 6+ months ago and my health has been rapidly degrading since. You can verify this by checking my post history and seeing my blood work here: https://old.reddit.com/r/Hematology/comments/hzzsv5/weekly_thread_do_you_have_a_personal_question/g28r3vm/?context=3

    I didn't mention this before because I shouldn't have to. I didn't want to turn this into a pity party and I refuse to beg for donations and let the community pay for something that shouldn't even be possible on a decentralized chain.

    In Brief: I held ERC20 Tomo tokens in my wallet on the idex v1 contract pre-swap, like 3 years ago. Tomo then locked all the tokens and swapped over to their mainnet. However, only people that had their tokens in the idex v1 contract had to fill out an application with a deadline of December 2020 to get their tokens back. I did not now this and could not remember the password to my wallet. Liver failure greatly affects the memory. Tomo refuses to return the tokens that are verifiably linked to my wallet even after being informed of my health and promising to get into contact with me. They still have them and are voting on what to spend them on.

    Tomochain forums thread: https://forum.tomochain.com/t/what-to-do-with-stucked-idex-tomo-coins/1129/5

    Archive link in case they censor again: https://web.archive.org/web/20210301051738/https://forum.tomochain.com/t/what-to-do-with-stucked-idex-tomo-coins/1129/5

    You can see in the above thread that the project leader actually responds in a amicable manner. However, no one contacted me. I waited 2 days, messaged him, the other mods he mentions that were supposed to contact me, and updated my post. ALL of them have been active on the forums after I contacted them and read receipts are built in to the forum functionality, so I know they've read my messages. This tells me that I'm never getting my coins back. Why they would risk their entire reputation on this is beyond me. If they were pure scammers, they never would have returned anyone's idex coins or extended the deadline to begin with. I suspect its because of the price appreciation.

    I'm asking the community to help me get visibility on this in anyway you can. If you have twitter followers, please tweet this thread. If you know someone that might be able to help, please ask. If you have any questions I will do my best to answer them as promptly as I can but my health is poor and unpredictable.

    takeaways:

    -Tomochain is being extremely shady about stealing the coins of a dying person who needs them to fucking stay alive.

    -They have banned me from telegram and censored my posts on their forums

    -Tomochain is NOT decentralized. If it was, they wouldn't be able to do this.

    -If you hold tomochain tokens, they can take your coins too just like they did mine.

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

    I'm quitting smoking and buying cryptocurrency every week with the money I save.

    Posted: 28 Feb 2021 06:32 PM PST

    I tried this a while ago, though I was throwing money at options on Robinhood, just to give myself something to do. Needless to say, it didn't work out. I blew a bunch of money and started smoking again just a few months later.

    Now I'm ready for a change! Smokes are $12 a pack where I am at and I will buy at least $12 of crypto each time I would have bought a pack.

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

    Is Binance Smart Chain centralised or decentralised? Lets find out. Someone deployed 'Tanks Of Tienanmen" to BSC. Will Binance shut it down, or risk the wrath of China?

    Posted: 01 Mar 2021 01:15 AM PST

    Someone deployed this game tanks of tiananmen on the BSC blockchain. All discussion about the Tiananmen square massacre are banned in China, but now the game has been deployed on BSC.

    > These lost TANKS accumulate under CZ's leadership and once in every 20 transfers, CZ randomly sends his TANKs to one sender assuming the sender will support the pro democracy movement. So with every send you are playing a 1/20 dice to get a TANK load of TANKs.

    https://bscscan.com/address/0xb79c9c73e8c7b4be7244e697e6bdb9f511208e9c#code

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

    A Reddit Nano Faucet going viral: Free NANO to try, try out how fast nano is!

    Posted: 01 Mar 2021 01:54 AM PST

    giving lurkers contribution that may in turn reduce spamming and unoriginal content

    Posted: 28 Feb 2021 09:16 PM PST

    I raise this poll to give moon rights to the lurkers in this subreddit that choose not to contribute when they have nothing productive to say. This is in reaction to the current meta in this sub in which people post and spam unproductive or unoriginal content to farm moons. I am proposing this not as a way to farm moons silently but to incentivise people to only post and comment productive things while also staying active in the sub!

    -Voting Yes would mean that lurkers who upvote posts will get .25 karma for each upvote given, but only up to 100 karma each month for upvotes as to prevent even easier moon farming.

    -Voting keep as is will keep the current meta and not give lurkers incentive.

    Sincerely,

    u/huskernatchamps2020

    View Poll

    submitted by /u/HuskerNatChamps2020
    [link] [comments]

    Discussion/CMV: Nano is a better store of value than Bitcoin and might become a reserve currency (longread)

    Posted: 01 Mar 2021 02:35 AM PST

    Warning: longread. A sort of tl;dr at the bottom.

    In this post I'll outline why I think that Nano, rather than Bitcoin, might be the "final" store of value, because it approaches the theoretical limit of perfect store of value/reserve currency characteristics. Much of this is based on Ray Dalio's "The Changing World Order" which is a very long read but is recommended reading for anyone interested in the future of fiat money, reserve currencies and stores of value. While reading his posts I felt like he was putting into words what I couldn't put into words before regarding my stance on cryptocurrencies and primarily Nano.

    To start off with - I realise that most people primarily see Nano as the cutesy cryptocurrency that's focused on being instant and feeless, and has a ton of supporters because of how easy it is to try out and demonstrate. I think that because of this, the true fundamentals of Nano are overlooked. I believe that in the long run these fundamentals are far, FAR more important than just being instant and feeless, and I believe that these fundamentals are what's going to get big investors interested in Nano soon. With that said, let me begin.

    The end of a cycle

    Luckily for us all, I am not talking about the end of a crypto cycle. I believe we are reaching the end of a cycle in which we have fiat currencies as reserve currencies. Not just the dollar - all fiat currencies. This is caused by a confluence of factors, ones that "The Changing World Order" describes better than I ever could. In short - too much collective debt has been built up, and this is being propped up by central banks who are running out of ammunition. This might have gone on for a bit longer, had it not been the case that the Covid crisis accelerated this process.

    Because of Covid, (potential) growth slowed further. With record debt outstanding and a slowdown in growth and consumption, there is one primary dial that central banks can turn to support the economy - they can expand the money supply to keep the system propped up. This is what has been happening on a massive scale, faster than we have experienced in our lifetimes. This rapidly expanding money supply further accelerates the decline of fiat currency value.

    This is nothing new - these cycles have happened many times before. The Dutch Empire, starting its rise roughly in 1581 by overthrowing the Spanish, peaking in power around 1650, lead to the Dutch Guilder becoming the world reserve currency. The Dutch Guilder remained the world reserve currency until roughly 1700-1750. During its slow decline, the Dutch kept increasing their debt, relying on the strength of their position as the global reserve currency to access cheap debt. Eventually the debt overhang became too much to bear, infighting over wealth increased, and the British were able to take over the role of a weakened Dutch Empire.

    The British Empire saw a similar rise and decline, holding the majority of the world's wealth, military power, and status as a world reserve currency. In the interest of brevity let me just say that the cycle was similar and that the British were eventually overtaken by the US, leading to the situation we currently find ourselves in.

    In prior cycles, the bust of the reserve currency led to a flight back into hard money. The cycle starts over, starting with gold-like assets. These assets have the advantage that they were portable, divisible, and most importantly could be settled on the spot. Using gold meant using a creditless and trustless hard currency, a very valuable commodity in a time where people lack trust in credit and promises.

    The next stage is moving to claims on hard money, since gold is risky and inconvenient to carry around, and it is far easier to have claims on gold that can be exchanged. This is followed by increasing debt as the banks and governments discover they do not need to always cover 100% of the outstanding claims. Then come debt crises, defaults and devaluations, primarily through (central) bank runs when people discover their claims aren't 100% backed. This has already happened with gold in the current cycle. This is followed by fiat money (letting go of the gold standard), a system in which hard money no longer plays a role whatsoever. As increasing amounts of money are printed, devaluing the fiat currency, we eventually finish the circle with people looking for stores of value that are not debased as the fiat currencies are. Ray Dalio believes we are currently in this stage, and I am inclined to agree.

    However, something has changed relative to prior cycles. We now have the internet, and all the possibilities it brings with it. What the internet offers us is a form of hard money that does not have the problems associated with gold, the problems that lead us to move from the first to the second stage. This leads me to the next subsection.

    Cryptocurrency or Bitcoin as hard money

    What cryptocurrency offers us is a form of hard money that is easy to carry around because it has no physical existence, that is divisible, can easily be exchanged, and most importantly is secure through decentralization. I believe we are starting to see this movement right now. Investors are fleeing into cryptocurrency as a hedge, because some are coming to the same realisation that I am and that Ray Dalio is. However, I believe that the market is still frothy, and that fundamentals are being overlooked.

    The reason I say fundamentals are being overlooked is because the cryptocurrency that is getting the most attention, Bitcoin, is the cryptocurrency where the aforementioned factors (portability, divisibility, security and trustless settlement) are doubtful. Bitcoin's lack of scaling causing slow transfers and high fees is already leading to custodial solutions, essentially leapfrogging to the second part of the debt cycle. However, far more importantly, its security through decentralization is questionable at best.

    Bitcoin's security derives from its decentralised consensus mechanism. Transactions are verified by a competitive network of miners performing Proof of Work, aiming to lay claim to the block rewards and fees associated with Bitcoin blocks. While this has worked relatively well so far (with some exceptions), the long term dynamics of this must worry anyone that looks into it. Bitcoin mining is a business with economies of scale, through access to cheap capital, scale advantages in production, and myriad other ways.

    Economies of scale lead to centralization of consensus power, which directly decreases the security and value proposition of Bitcoin. There is plenty of research that describes this trend which is already becoming apparent. Bitcoin's value proposition comes from its security, which comes from its decentralized consensus mechanism. The incentivisation of centralization through economies of scale directly impacts Bitcoin's long term value proposition.

    It should be clear that while I think cryptocurrencies offer massive potential, I believe that Bitcoin is not the answer. It's a first version, a prototype, which comes with many issues as prototypes are wont to.

    Nano as a close to perfect cryptocurrency

    As I mentioned at the very start, I believe the best hard money is Nano, and I believe that its potential is massively underappreciated. I'll explain why I believe this to be the case.

    Nano improves on gold in many ways, and approaches the theoretical limit of a perfect store of value. Its portability and transferability is unparalleled - it's a digital currency that transfers at the speed of light. I could send you some, and it would be confirmed through global consensus in the time it would take you to blink. Not a single atom is lost as might happen in gold - 1 Nano sent means 1 Nano received, forever, because there are no fees in Nano. It can be divided up to 30 decimal places - the entire world economy could run on 1 Nano and people would still be able to do microtransactions.

    This no-fee proposition leads me to the next important aspect, and I've written about this before. In Nano, there is no centralisation over time. There is no mining, there are no fees, no inflation nor block rewards. The network itself is the reward. This might sound counterintuitive. Because Nano is feeless , the fastest value transfer in the world, and such an excellent store of value, it's an ideal solution for many businesses. As any merchant will tell you, being able to cut on fees has high value. As any exchange will tell you, people exchanging into Nano brings them lots of revenue. The value for these entities is in the network being online and staying online in a secure manner. The value is in the businesses they have built on top of it, and in the value of their own Nano holdings. The same holds true, proportionally, for each Nano holder.

    Nano has no mining. It uses Open Representative Voting. 1 Nano = 1 vote. Anyone can run a validator, and anyone can vote for any validator at any time, or change their vote at any time. Everyone that holds Nano is incentivised to help distribute votes in such a way that it is incredibly hard for a single party or group to gain a majority of consensus. In other words, every Nano holder is incentivised to contribute to decentralisation.

    This is no theoretical exercise. While the emergent centralization in Bitcoin is already apparent, this emergent decentralization can be seen in Nano through the movement of Nano votes over time.

    Additionally, there's the fixed money supply aspect of Nano. Bitcoin enthusiasts sometimes talk about the Stock to Flow (S2F) model as the roadmap to a $1 million Bitcoin. Bitcoin's S2F is about 38-54, with a higher number essentially being better as this means there is less new supply coming into the market. Halvings increase the S2F, as this decreases the supply coming into the market. Without going into the validity of this theory, it's clear how Nano's proposition offers a better S2F. Nano will never have any new Nano coming into the market. It's S2F cannot be calculated, because it's infinite.

    Finally, Nano has no limitations built in with regards to scale. It scales using whatever hardware and bandwidth is available to it. The protocol is at the limits of efficiency, and uses extremely little energy. In every sense, it pushes the boundaries of what is possible. This is why I think Nano is not just a fantastic store of value, but that it might be difficult to conceive of something that works better in the first place.

    Conclusion

    All the above is what I mean when I say that Nano is at the theoretical limit of a perfect store of value. It's almost limitlessly divisible (up to 30 decimals), limitlessly transferrable (no fees), and perfect as money since transfers are subsecond and trustless. Its security comes from decentralisation, and decentralisation is incentivised on a protocol level. Attacking Nano's consensus is difficult because it's extremely hard to acquire a large share of supply, and because once you have done so you have every incentive not to attack it.

    Nano's scalability means that the move to a 2nd stage (claims on hard money - central institutions) in Nano might not ever be needed or at least far less necessary, because Nano gives us a form of hard money that improves on gold by being globally transferrable, trustlessly, instantly, feelessly, with no loss of matter and incredible divisibility, in a scalable manner.

    In short, I believe Nano offers an orders of magnitude improvement on every prior store of value. I believe it pushes the theoretical limits of being a store of value and reserve currency, and I believe this is massively underappreciated. I see the current ending of the cycle as the time for hard money to re-emerge, and I think more and more people will find their way to Nano.

    If you've actually read all this, thanks. Thinking all this through and trying to write it out was rather eye-opening for me, and I would love to hear what you think.

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

    We need to keep calling out scammers to protect this community. Scammers are NOT welcome here!

    Posted: 28 Feb 2021 05:29 PM PST

    Listen up fellas, I've noticed a huge increase in the number of scammers trying to steal your precious crypto, login info, etc. due to the growth of cryptocurrency in general and the insane growth of our sub. We have to do a better job at calling these fools out and putting them on our known scammers list. I know many of you already do a great job at this, so thank you and keep up the good work. I think it would be a good idea to have more visibility around a "scammers list" so the good people of our community stay safe from these predators. Countless people in this sub continue to get PM's from shady accounts which are clear scams.

    With so much growth surrounding cryptos, we need to do our best to protect our community from malicious activity. By bringing attention to the scammers in this sub and on discord, we will be doing a service for the crypto community and educating people on how to stay safe!

    Remember: If it sounds too good to be true, it probably is!

    submitted by /u/walkinthepark01
    [link] [comments]

    KuCoin Will Add the PIVX/USDT Trading Pair

    Posted: 01 Mar 2021 01:37 AM PST

    To all the new people FOMO'ing into crypto right now

    Posted: 28 Feb 2021 11:50 PM PST

    A lot of new people are getting into crypto that don't fully understand the risk they are taking. I know this space is exciting and the astronomical gains are tempting, but try to keep your head cool.

    Please don't use leverage, don't max out your credit cards, don't borrow money from friends and for fuck's sake don't sell your house to buy bitcoin.

    Don't blindly listen to people on YouTube shilling the next once-in-a-lifetime opportunity shitcoin. Take the time to do your own research and try to really understand the project before investing. The potential for huge gains is as big as the potential to get rekt.

    My advice for beginners: stick to Bitcoin and Ethereum for now. Add to your position on the dips, but only when you've got capital available to invest that you are willing to lose. If you can't sleep at night worrying about the next dip you probably have invested too much.

    That feeling of missing out will pass and new opportunities will be there every day. You are still early and you should be in it for the long haul. Enjoy the journey and try to have some fun on the way. These are exciting times and you are doing something for your future. That is something to be proud of!

    Lastly, if you have questions don't be afraid to ask. There are amazing knowledgeable people in this community that would love to help out!

    Take care :)

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

    We Made it Guys! The Fake Daedalus mobile wallet has been removed from the Google play store !

    Posted: 28 Feb 2021 05:57 AM PST

    We did it!

    The Fake mobile wallet is finally removed from google play store!

    https://play.google.com/store/apps/details?id=com.adaCardano.daedaluswallet

    You cant find it in the store anymore.

    Thanks to everyone who reported the app and rated it 1 Star, I Hope we managed to save some people from falling into that trap.

    If you see more Fake apps like these before do your part, Warn people about it and report them.

    Here is a picture from the Cardano sub reddit:

    https://preview.redd.it/ojhinwa258k61.jpg?width=640&format=pjpg&auto=webp&s=de1cf457320b49d68b717592c7397150663879dc

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

    Tokenizing a forest

    Posted: 28 Feb 2021 04:35 PM PST

    So I had the idea that if we tokenized forests as an investment that we could plant a massive amount of trees and help preserve nature. For example the redwood forest has a lot of old trees that can live for thousands of years potentially. Each coin/token would be assigned to a specific tree. In order to mint new tokens you plant more trees and assign them to the tokens. If a tree dies that coin is destroyed from circulation. The use case for the coins could be to simply reinvest in the health of the forest. I feel like this is even possible to do for coral reefs as well. Australia is sitting on a trillion dollar investment if they could tokenize sections of the coral reef. The health of the coral reef would be directly related to its potential value. I don't really know much about the intricacies of how cryptocurrency's are formulated or made but I believe this idea is valuable and if it's possible to implement could be revolutionary.

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

    Crypto Is Creating Unhealthy Investing Expectations

    Posted: 01 Mar 2021 12:37 AM PST

    Now, believe me when I say - I know what it's like to get caught up in the hype. I'm bullish on the future of crypto, and think huge gains are likely in the coming years.

    With that said, seeing the things that have been posted lately is frankly quite alarming. It seems like the bull run has warped people's expectations of what investing is, and what normal returns should be.

    I've seen posts that start with: "Ok, here's how you take profits. Let's say you invest in a coin, and assume it then goes up 300% ..."

    Assume it goes up 300%?? Yeah I get it ... it's a bull run, and things have been mooning. But people are talking like this is normal, and you can just assume 300% gains?

    Or another recent post ... "Nano is growing so slowly, it was $1 earlier this year, and it's only $5 now ... what's stopping its growth?"

    People are going to be in for a rude awakening if they ever invest in anything else.

    "I just bought this house last year, why has the price not doubled?"

    "I invested in Amazon, why is the price only 20% higher this year?"

    Reality check guys ... if you can invest in the market and get 10-15% returns year after year, that's AMAZING.

    Crypto may very well continue to moon, but it won't be like this forever. And I hope you don't venture elsewhere with a distorted view of expected returns in investments. Just my two cents.

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

    Daedalus SCAM in pictures:

    Posted: 01 Mar 2021 01:37 AM PST

    Daedalus SCAM in pictures:

    On the 26th of February I watched a YouTube video about staking my ADA. Hearing that over 72% of it is staked and visiting the site, using the staking calculator there and understanding I only plan to hold it anyways, I decided it was best for me too.

    Neither the YouTube video or the Daedalus website told me anything about a Daedalus mobile app. I just assumed that there must be one since so many exchanges and crypto-related products have them already. I also assumed that since there are crypto wallet apps as well, that any Daedalus app would serve as a wallet for staking, especially since there are wallets that let you stake ADA already. This scam definitely banks on those assumptions.

    I went to Google store and there it was, first result. It had almost 5 stars at the time and I honestly did not check the written reviews at all. I will not make that mistake again...

    So I downloaded it, took 15 seconds and there it was on my phone:

    ​

    Looks legit!

    I clicked on it immediately and was greeted to the Terms of Service, which was short, and I did not read it as I never read them. I place a lot of unnecessary trust in these things admittedly.

    Reading over it later though, it was filled with the proper buzzwords, things like "testnet" and the like.

    Here's the Terms of Service in case you all find something interesting:

    ​

    1/3

    ​

    2/3

    ​

    3/3

    I checked off "I agree with the terms of service" and wouldn't you know it, this scam gets right to business!

    ​

    What's your Security Phrase?

    It asks for your security phrase right off the bat! The app looks legit too, even has a moving logo when you first open it that looks incredibly professional. I wish I had a way to show you it here just so you all would know they spare no expense.

    I paused here. My first response was that I did not download this to restore a wallet, I downloaded it to start a wallet that I can stake my ADA with. I then tried to close this window and found that it did not close, in any way. I tried to close it using every method I've ever learned and then some, all of 3 minutes I would say. Confused, I reloaded the app and same thing. It was clear to me at this point that I could only restore a wallet here to get started, the lack of options demanded it by default.

    Fortunately, I did not fall for this scam. I can definitely see where many would though.

    I get scam calls all the time from the other side of the world. One is to lower my credit card interest rate to zero! Nice, huh?! I'll waste a bit of their time if I have nothing better to do, it's for fun. They all have the same spiel. They take the limited information they get from their leads, in this case my name and the last four digits of my credit card (which is shared information everywhere) and they hope that you will think they have the whole number, asking you to verify the rest. Suddenly they have your credit card information.

    Well, seeing this screen I couldn't escape the fact that this felt just like that. They made themselves seem legit in hopes I would give up the information they did not have.

    Even though I felt this might be a scam, I still thought that maybe it wasn't and I would figure it out later. I am very glad I waited a couple of days and I am extremely glad I am a part of this community. I managed to see that it was very much a scam because of the work you all put in here today and I want to thank you by showing you what a scam is capable of looking like: professional.

    I am positive that plenty of you have much bigger bags than I do. I would say the greater percentage of you hold bigger bags than I do actually. However, what's mine is mine. When I think about what I would have felt if I had fallen for this scam, it terrifies me honestly. I can only imagine what extremes of emotion this would prompt from people giving up their wallet security phrase and falling for the scam with holdings of, for example: $50,000, easy! In crypto, that's nothing for some people. Gone in an instant and possibly well before you realize. Just gone! It terrifies me to think scams like this exist, that they work and that people can be that horrible.

    Be careful out there guys and gals. I hate to admit it, but this one almost fooled me and it still kind of terrifies me to know I came so close.

    GOOGLE Play Store has NO validation process it seems.

    Thanks again guys and gals for all you do. You probably saved me today...

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

    We’re all trying to make money here

    Posted: 28 Feb 2021 02:23 PM PST

    So I'm noticing a lot of bashing of other coins/tokens going on, especially with the recent ADA surge, the not too long ago spike of BNB and the BSC tokens. Genuinely curious, why can't we all just be happy for each other when someone here is making money and is in profit from their investments? If someone else's crypto is making them money, what do you achieve by bashing them and being salty towards them? We're all trying to make money here lol (besides the people in it for the tech). I sold my BNB back in 2017 for peanuts and even though I'm salty about that trade, I'm happy that people who dumped above $300 and even now made money. Besides the obvious pnd scams, let's be happy for each other 💯 we're all putting in our hard earned money with the purpose of being financially independent.

    submitted by /u/Apprehensive-Dataguy
    [link] [comments]

    Do you believe other subreddits are going to adopt this idea of redditors getting $ (moons) for contributing to different communities? YouTubers get money for entertaining people, why not every redditor?

    Posted: 28 Feb 2021 07:47 PM PST

    I want to start out by saying the idea of these moons is great. People are really taking a liking to the idea of getting paid to contribute and pretty much making money to entertain others. I've read some great stories on here and how these moons are really helping people financially in their lives.

    Just curious if you think these moons are going to change the way reddit runs? I've noticed a big difference in this community since they were launched. Good and bad.

    I feel this could totally change the way the reddit communities operate. I could see other mods wanting to bring some kind of reward to their top posters in their communities. After all, they do deserve it.

    submitted by /u/Bud-Sniffer
    [link] [comments]

    I managed to stop shooting up heroin �� and pay off my student loans �� and start a college fund for my kid �� and buy a house �� and upgrade my wife �� thanks to crypto! ������

    Posted: 28 Feb 2021 10:25 PM PST

    Just kidding, I went all in on HeroinCoin last week and am now down 97%. They leave the last 3% to keep you hooked just enough to consider averaging down...

    I mean, I really think if I take out a second mortgage on my home and buy more HeroinCoin it will really take off. It is down 97%, not like it is going to go down 98%...that would be crazy...

    Oh goodness, I'm jonesing here...will do things for HeroinCoin...anybody got any of them HeroinCoins?!

    ​

    [This post was created by an AI bot that analyzed all the top posts in r/CryptoCurrency to create a collective consciousness and portrayal of humanity.]

    submitted by /u/RepresentativeSalt82
    [link] [comments]

    It's like a breath of fresh air seeing all the memes go away. || Reminder: you have a say in how the community is run and governed.

    Posted: 28 Feb 2021 05:23 PM PST

    Holy cow! When the front page is filled to the brim with memes it's dang near suffocating. It's almost like binging on alcohol/drugs.

    There's obviously a need to change things up - as is very often posted, commented, and said. One big problem is all the proposals to make a change are not getting the requisite number of votes. If you're reading this now, remember that you have a say in how the community is run and it's, often, in your best interest to make your voice heard.

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

    Farming, Yields and "Deflationary" can be big RED flags

    Posted: 01 Mar 2021 12:50 AM PST

    So I saw this post on another page by user rdgc09. It is an important read and i thought it might be a good idea to repost it here. I myself have been scammed by a yield farm stating 140% APY, but thankfully i was suspicious and only put in a little bit.

    There is a new version of ponzi growing, and it's being promoted in this sub as legitimate investment opportunities. And it's giving me big 2017 bitconnnecccct vibes, so I wanted to warn all the newbies.

    These are all over the sub right now. "Farming" and "Deflationary Tokens" can be indicators that the cryptocurrency you are buying is a scamcoin built to make developers (or at best, early adopters) lots of coin -- and to be promptly dumped on unsuspecting investors . Some examples: Cobalt.finance Goodboi.finance Wynaut.finance ( Meowth and Wynaut) <- Being shilled right now, in this sub. Shrimp.capital <- Being shilled right now, in this sub. Hoge. There are heaps of these, and they all rely on the same model.

    First, The developer creates a smart contract which either: A) Burns 2-10% per transaction. B) Steals 2-10% per transaction and gives it to "stakers". C) Allows you to lock (stake) your newly purchased token to farm more of the token, or another shitty token. (Fun fact, there are generators for these smart contracts avaliable on the internet for $100.) Second, The developer puts the all the tokens and 1BNB in Pancakeswap or Uniswap, and burns the Liquidity Provider tokens.

    Thirdly, the developer announces the release of his token. Not before putting in a 4BNB buy, and buying up a big chunk of the supply and dumping it on everyone who purchases after him -- who ignorantly think that because the LP token was burned, they can't get "rugged".

    If the coin you're thinking of investing in, fits this criteria, it's probably a pump and dump shitcoin. Nobody in a year is going to remember yet another "deflationary" coin that has 0 usecase. Goodboi will not be the next bitcoin.

    Anyone shilling these coins has big bags and is just trying to dump them on you, and is complicit in perpetuating the scam.

    Thanks OP rdgc09

    submitted by /u/Artificial8Wanderer
    [link] [comments]

    EU is going to launch its digital Euro by the end of this year

    Posted: 01 Mar 2021 01:51 AM PST

    European Union is going to launch in 2021 the digital Euro, which is just a digital coin with nothing special, obviously controlled by the ECB.

    It has nothing to do with crypto, but most news are comparing it to Bitcoin.

    I'm afraid most investors will switch from crypto to this useless digital Euro, mostly because they don't even know what's a blockchain or a decentralized crypto coin.

    What are your thoughts?

    Here you can find the official description, which to me looks like just random words screaming "we're afraid of crypto so let's give you something that looks like and that will make you lose interest in Bitcoin"

    Official Website

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

    WATCH OUT For These Crypto Scams & Shills!! ⚠️

    Posted: 28 Feb 2021 06:55 PM PST

    How to recognize a shitcoin

    Posted: 01 Mar 2021 02:19 AM PST

    Popular definition of a shitcoin is: "Shitcoins are coins that the person calling coin a shitcoin, does not own" Joking aside, here are 10 features that define a shitcoin:

    1. Infinite or enormous supply
    2. No tangible product(s)
    3. Completely Anonymous Team
    4. Nothing novel or original (It is a copy of an existing project)
    5. Lack of industry participation
    6. No proper security
    7. No definite usability
    8. Unclear unrealistic roadmap
    9. It offers thousands of benefits in general but does not specify any in particular or how these results will be achieved
    10. Over-valued and over-shilled
    submitted by /u/mirza1h
    [link] [comments]

    When will car titles be a part of the blockchain?

    Posted: 28 Feb 2021 07:19 PM PST

    I was just thinking about how often I lose car titles. Is this a possibility? When someone sells a car they could transfer the title through blockchain. It just makes so much sense. Nothing physical, all digital. What do you guys think? Is it a possibility?

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

    According to Chainstack Report: Over 5,000 developers have contributed to the five client projects on Eth2 mainnet.

    Posted: 28 Feb 2021 08:21 PM PST

    Whale Alert: $4,500,000,000 in Bitcoin Moved in Historic Transfer

    Posted: 01 Mar 2021 01:59 AM PST
    Read more
    at

    No comments:

    Post a Comment