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    Friday, March 12, 2021

    Cryptocurrency We are Techlore, a team spreading privacy & security to the masses. AMA

    Cryptocurrency We are Techlore, a team spreading privacy & security to the masses. AMA


    We are Techlore, a team spreading privacy & security to the masses. AMA

    Posted: 11 Mar 2021 11:10 AM PST

    Hello r/cryptocurrency!

    We are Techlore from the privacy community, where we are fighting a similar battle as cryptocurrency enthusiasts for user freedom and independence. We hope to accomplish this through our core mission in spreading privacy and security to the masses - we believe privacy should have the lowest possible barrier to entry and are dedicated to educating users on its importance.

    We have committed ourselves to this mission for the last several years, avoiding sponsors and remaining independent every step of the way. Here are some of our most notable projects to date:

    Go Incognito: A Guide to Security, Privacy, & Anonymity

    Go Incognito is an entirely free course teaching users the mindset required to live a private and secure life in our invasive digital age. From using cryptocurrencies privately, to proper password management, pseudonymous, Tor, and much more - this 55 lesson course is designed for anybody to enter the world of privacy where they learn to develop a threat model and begin their journey towards digital freedom. (We are thrilled to announce we just started accepting XMR for premium viewers recently!)

    Surveillance Report: Weekly Security & Privacy News

    A large problem that needed addressing was the fast-paced evolution of the privacy and security world, making it difficult for end-users to keep up with the newest updates. Surveillance report is our weekly podcast dedicated to keeping people updated - be it the newest cryptocurrency breaches, the latest cybersecurity advice, or any other relevant research. We collaborate with The New Oil - a phenomenal resource we recommend people visit to learn more about privacy.

    Plexus: Android App Compatibility for De-Googled Devices

    Avoiding big tech is challenging, especially in regards to smartphones. The most common path people choose is de-googling their phones through custom Android ROMs, such as LineageOS, CalyxOS, or GrapheneOS. However, a glaring issue is the uncertainty of which applications will work once you install your new ROM. To address this, we developed Plexus, an open source project crowdsourcing what apps work and don't work on de-googled phones, in addition to any possible workarounds. You'll find several cryptocurrency-related apps work perfectly with de-googled phones, and we encourage you to consider these amazing ROM options to improve your privacy & security!

    VPN Toolkit: Transparent, community-driven VPN Tools

    VPNs are one of the most over-marketed tools in the privacy world. (And one of the slimiest industries!) We are bringing transparency to the industry through our VPN Toolkit. We have a public systematic scoring protocol that users can view and contribute to, open source data for users to directly compare differences in VPN providers, self-scoring VPN tools for users to choose a VPN based on their own individual needs, and a lot more in development. Our tools admittedly feel in beta at the time of this AMA, and we are working hard to develop these throughout 2021 for a one-stop-shop for users to comfortably choose a trusted service. For more information on VPNs, we recommend watching the collaboration we did with The Hated One covering common myths and misconceptions. (YouTube)

    Our Video Content!

    Our largest following is on YouTube, where we develop educational content, guides, cryptocurrency content, and much more. We crosspost all of our content to LBRY/Odysee, as well as PeerTube thanks to PrivacyToolsIO allowing us to post through their instance. (Did I mention we are proud sponsors of PTIO!)

    Our Wonderful Communities

    Finally, we host several communities dedicated towards privacy & security. We felt many privacy-focused communities didn't keep the individual in mind - not everyone requires an extreme threat model, and we believe improvements are improvements. We are strongly opposed to gatekeeping and encourage an open-minded approach to the complex world of privacy & security. Our goal is accommodate all threat models and do our best to educate users on the downfalls of each platform they choose to join, with the ability to move to better platforms over time.

    The AMA - Ask Us Anything!

    We want to answer all of your questions, be it future plans, finances, ideas of what we can do next, really anything! (The worst we can say is no and give our reasons for saying no 😃) We have been large proponents of cryptocurrencies due to their extremely valuable use-case for user privacy - specifically Monero due to its privacy & anonymity benefits.

    I follow r/cryptocurrency using my personal Reddit account so this was an absolute honor and we want to thank the moderators and members for having us - we are super excited to be here!

    - I (Henry) own Techlore and will be responding to comments - u/myfeetsmellallday (Long Story)

    - Jonah Aragon is our community manager and he will also be getting back to some comments - u/JonahAragon

    - We have two other employees part of our production team (Tori & Aydan). I have told them to standby in the event people show interest in the more video/creative side of things. View our team here.

    submitted by /u/myfeetsmellallday
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    Daily Discussion - March 12, 2021 (GMT+0)

    Posted: 11 Mar 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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    Today one year ago Bitcoin briefly hit $3,760.86 during Black Thursday

    Posted: 12 Mar 2021 01:54 AM PST

    Some prices from exactly one year ago during the Black Thursday crash. I remember being a bit worried but also buying as much as I could.

    • BTC $3,760.86

    • ETH $88.34

    • LTC $24.92

    • ADA $0.019255

    • LINK $2.07

    • XLM $0.029438

    • XTZ $1.04

    • BNB $6.93

    submitted by /u/cornh_
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    The guy in the famous 'Bad Luck Brian' meme sold it as crypto-art for $36,000

    Posted: 11 Mar 2021 10:29 AM PST

    The first-ever Bitcoin post on Reddit got downvoted.

    Posted: 11 Mar 2021 04:04 PM PST

    We need to talk more about actually using cryptocurrency and not only “investing” on it

    Posted: 11 Mar 2021 11:40 AM PST

    It is almost like cryptocurrencies became stocks, but they are more than that. Not only do they grow in value but can be used as a easier form of payment (among other things). You probably heard about they guy that bough pizza with bitcoin being an idiot, but he was using crypto to pay for something like it was design to do. I completely understand the investment side of cryptocurrencies and that is great but perhaps using it would bring more adoption and in the end increase value. I saw this news today about Kessler Collection hotels accepting cryptos and about that the author said.

    with many bitcoin investors preaching the message of "HODL," which means holding the cryptocurrency in the long-term and avoiding selling, it's hard to imagine the hotel chain will see a huge surge of bitcoin payments following this announcement.

    My questions is the "HOLD" culture bad for cryptocurrencies? Should we promote the use of crypto more in the community in general?

    submitted by /u/beyondelectricdream
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    Robinhood Reports Surging Growth in Female Crypto Traders - Obligatory Warning: DO NOT Use Robinhood to Buy Crypto. Not your keys, not your crypto

    Posted: 11 Mar 2021 10:38 PM PST

    [Unpopular Opinion] What NANO going thru now ultimately is good for crypto

    Posted: 11 Mar 2021 08:29 AM PST

    In fact I would go as far as to say every coin should experience something like this. LIke BTC with the ghash mining pool fiasco where they got 51% of mining power. Ethereum with their DAO hack.

    At the end of the day, crypto are all bleeding edge technology and needs to have serious tests against the fire. This is the test for NANO. I am actually surprised their network still handling under 5 seconds per transaction. Anyways, the coins that passed these fires will survive and have a lasting legacy.

    I also don't get the cheering for Nano to fail. Unless you are a short seller of Nano, but as a crypto lovers, shouldn't we want to see more innovation to test the limit of what crypto can be? To see how a coin would handle under 500 TPS while remaining free?

    The Nano founder who has this idealistic notion that crypto should be free and instant, it's crazy and ambitious. We should want that type of innovation in this space.

    And do people actually realize how staggering the number 500 TPS is in production environment? 500 TPS is like the scale of PayPal.

    submitted by /u/rrdonoo
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    Bitcoin is a short move away from flipping Google and Amazon by market cap!

    Posted: 11 Mar 2021 01:31 PM PST

    Mining Bitcoin with pencil and paper: 0.67 hashes per day

    Posted: 11 Mar 2021 03:45 PM PST

    Happy Birthday r/CryproCurrency ��������������

    Posted: 11 Mar 2021 02:16 PM PST

    Happy Birthday to r/cyrptocurremcy. This subreddit was created on Mar 11, 2013 . Today is its 8th birthday. It has 1.9 million members now and on the way to 2 million members. Thanks to this subreddit for helping people and educating all of us on the Cryptocurrencies. This is just the beginning and we have long way to go. This is one of the very few subreddits which have its own blockchain token.

    Happy Birthday!!! 🎈🎁🎈🎈🎈

    submitted by /u/kishore1988
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    [GUIDE] How to buy crypto without doing the KYC verification.

    Posted: 11 Mar 2021 10:36 PM PST

    [GUIDE] How to buy crypto without doing the KYC verification.

    https://preview.redd.it/ty7fzh8bljm61.png?width=315&format=png&auto=webp&s=dc6f7fd3cf085a0d3fbcc0fbe63a905d53edb922

    KYC means Know Your Customer or sometimes Know Your Client.

    KYC or KYC check is the process of identifying and verifying the client's identity when opening an account and periodically over time.

    In other words, exchanges must make sure that their clients are genuinely who they claim to be.

    Exchanges may refuse to open an account or halt a business relationship if the client fails to meet minimum KYC requirements.

    Is buying crypto without KYC better than buying on the normal exchanges?

    Many users that can't use exchanges because those exchanges reject their IDs and selfies.

    For most people, a normal exchange would be a better option. But these options might come in handy for some people and the more options we know how to buy our precious cryptos, the better.

    ____________________________________________________________________________________________________________

    DYOR about the laws in your country!

    ____________________________________________________________________________________________________________

    https://preview.redd.it/znrus26cljm61.jpg?width=750&format=pjpg&auto=webp&s=3815b006556b11de622792844e616288d0f13969

    You can buy/sell cryptocurrencies on Bisq privately and securely using Bisq's pseudo peer-to-peer network and open-source desktop software. You don't even have to register an account.

    It is good if you are buying weekly/monthly and HODLing. Won't work that well for traders and people looking to buy more than 50000000 satoshis. The arbitrage is expensive and takes time, but works.

    The deposit is held in 2 of 3 multi-sig contract. Bisq is not the holder/controller, as they can not control the deposit without the approval of at least one of the traders.

    Decentralization is not all or nothing; there are different levels. Bisq is more decentralized than any other exchange that handles BTC and has a fiat on-ramp.

    Bisk is currently probably the closest thing to what satoshi would want as an exchange.

    You have got to download a software on a PC to use Bisq.

    https://preview.redd.it/5eabk0zeljm61.png?width=512&format=png&auto=webp&s=9dd3fd7cebc78cb93a258e92efa8030f4350b74a

    LocalCryptos is similar to Bisq. However, it is more accessible to a wider range of users, since LocalCryptos is website based. Meaning that even users that don't have a PC can use LocalCryptos.

    LocalCryptos is certainly a trustworthy platform. However, as on any other internet platform where you interact with strangers, it's important you proceed with caution. LocalCryptos' escrow service mitigates most risk involved in the transaction so make sure you use it appropriately and never send payment before the seller's funds are in escrow.

    https://preview.redd.it/p7pfmqngljm61.jpg?width=1200&format=pjpg&auto=webp&s=705eca7b625e037808c226467065512f8dae68ee

    You can buy ETH with Wyre using MetaMask. Wyre lets you use a debit card to deposit ETH right in to your MetaMask account. The con of using this method is that you'll need a debit card to use it.

    It works better when you have a MetaMask wallet setup.

    How to get altcoins with this method?

    How can send your BTC/ETH to an exchange such as BitMax and turn it into the Altcoin of your preference. The trading platform has a 2 BTC withdrawal limit per 24 hours if you do not KYC. This is perfect for people that are just getting started in the crypto world.

    submitted by /u/ImJustReallyFuckedUp
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    Nexo Grants $150K to Brink for Open-Source Bitcoin Development

    Posted: 11 Mar 2021 06:26 PM PST

    Don't Forget to Take Profits in a Bull Run

    Posted: 11 Mar 2021 08:23 PM PST

    I've seen a few bull runs in my crypto days and they're exhilarating. It's not the making money that I like but the feeling smart. Your bags turn into assets and your assets turn into golden eggs. Your Delta keeps pinging with updates - +5%, +15%, +33%.

    At times like this, you see your portfolio going up and up and up until the numbers become almost meaningless. Maybe once you said you'd sell when BTC was $20,000 but suddenly you're hodling for $200,000. Let's face it, even then you'd be waiting for $2,000,000...

    Over the past five or six years, whenever I've gotten money, I've thought to myself, "I should put this into crypto," and mostly I have. I'm not a flashy person. I don't give a fuck about lambos or Teslas or any other car for that matter. I just want to do something with the little money I earn.

    So when my portfolio jumps, I think, "I should sell a little and take profit!" ... but then what do I do with the money? A week later, I put it into some new crypto. Something smaller, more volatile. Something that will make me feel smart when it goes up 200%.

    And in this market, everything goes up 200%. It's like shooting fish in a barrel.

    The thing is, I got burned like everyone else in 2017 because I held to the top. I bought XRP on day 1 and turned $100 into $3,500. But I held all the way back down because I kept believing that "it's just a dip" stuff. (For a better discussion of this, see the post from yesterday about boiling frogs.)

    It sucks selling out some of your crypto, especially when you don't need the money right now. It feels like a waste. This bull run, I've sold a little BTC at $17k, $23k, $28k, $37k, and $57k. It hurts a little to know that I sold any BTC at $17k but you know what? I don't regret it.

    Yeah, it's now just fiat but the end of this bull run could come in 5 mins, 5 days, or 5 months. We don't know. No one knows. When it comes, though, I want to know that I've taken a little profit. Maybe I'll pay my rent for a few months... maybe I'll buy more crypto when the market inevitably tanks and we seem to have hint a new bottom some years from now. But along the way I'll take profit and do something with the fiat, and I recommend you do too.

    Hope this post wasn't a bummer. It wasn't meant to be. I fucking love cryptos and I'll be hodling some of my favs for years and years to come, but if you view these as a financial investment of any sort, then you'll want to cash out a little here and there on the wild ride up.

    submitted by /u/bestmindgeneration
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    My car's engine gives out... and there goes all my crypto. Thank you crypto for serving as great emergency fund.

    Posted: 11 Mar 2021 06:52 PM PST

    Life really throws you surprises. Shit car just gave out. Engine is a bust. Now gotta use all my tax return, ETH, and BTC to buy another and this time much better car hopefully.

    Breaks my heart to let go, especially of my 1.2 ETH. Wasn't much but yeah.

    If you have to spend it for emergency, you gotta do what you gotta do.

    I'm gonna unsub from all crypto subs. Maybe in a year or so if I get my money back in good shape I'll come back to it. People say it's never too late, hopefully that will be still true when ETH is at $20k and BTC at $150k...

    At least I'm grateful that my small amount of crypto has given me the ability to buy a newer and better car. Wouldn't have been able to if it wasn't for this. Cheers.

    submitted by /u/Arnetty
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    Gary Gensler - (pro-crypto) is now the head of the SEC

    Posted: 11 Mar 2021 02:10 PM PST

    Do you guys actually use or would use Crypto as a form of payment right now? (if there was a wider use in public)

    Posted: 11 Mar 2021 05:40 PM PST

    I personally see crypto as a form of investment and not as a currency tbh. Not yet atleast. I truly believe Crypto is going to be the future but I just can't imagine, even in the near future to use a extremely volatile crypto as a form of payment.

    Like lets say the price of a pizza i could buy today is 0.0002 BTC = 10€. But since BTC is so volatile that price of 10€ for a pizza must be updated like every minute and that just sounds kinda confusing and complicated because the 0.0002 BTC tomorrow could be worth 12€.

    And even if there was a wider use in the public (stores, restaurants etc.) i personally wouldn't use my Bitcoin as payment as of now. I did order something for 50 bucks off the Internet around September and used Bitcoin as a payment. If I would have just used PayPal the 0.005 BTC i payed would have been 240€ today. So what i want to point out is, I wouldn't want to pay with my 50€ Bitcoin that potentially could be worth double the price in a month.

    English is not my first language so i hope i could explain my "concern" :)

    But I actually don't know if thats something of significance. Does that even matter? And if yes what would have to change?

    Edit: Why did i get awarded for this lol? Thanks i guess:p

    submitted by /u/hydrocodone43
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    Goldman Sachs Reports Rising Customer Demand for BTC: Predicts an 'Explosion' in the Use of Digital Currencies

    Posted: 11 Mar 2021 11:37 PM PST

    We made a script to get mentions of cryptos on r/CryptoCurrency and put them up on a site to give everyone visibility to the top trending cryptos on here in realtime

    Posted: 11 Mar 2021 01:37 PM PST

    Reddit drives so much nowadays in terms of stocks and crypto. We made a scripts to get all the comment mentions of this subreddit so we could see in real time what cryptos are trending and what the sentiment towards them is (ex: many comments in the last hour bashing a coin or a crypto being mentioned 1000% more than the previous day.

    Then we decided to put it up on a website to give everyone transparency to the data. Its hosted at www.memebergterminal.com/crypto . I saw HOGE on it four days ago but was too lazy to use uniswap smh- missed out on a lot. Enjoy!

    submitted by /u/rithpath
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    Binance crypto exchange launches payments app in alpha

    Posted: 12 Mar 2021 01:39 AM PST

    https://cointelegraph.com/news/binance-crypto-exchange-launches-payments-app-in-alpha

    Binance has released its payments app, Binance Pay, in public alpha. The app is a contactless peer-to-peer cryptocurrency payment feature that lets users send and receive payments in cryptos

    submitted by /u/Don_Frika_Del_Prima
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    The son of 'gold bug' and bitcoin critic Peter Schiff moved 100% of his portfolio into the cryptocurrency - LOL

    Posted: 12 Mar 2021 04:31 AM PST

    If you want to buy any token at Uniswap now this will cost you $ 96 in gas fee

    Posted: 11 Mar 2021 02:33 PM PST

    Gas fees are crazy and it's killing trades. Crypto should be democratic but this high price is just making little buys and DCA almost impossible. I think that this is one of the reasons we are not seeing too much movement at the prices. It's just ridiculous depending on centralized exchanges and leaving tokens there just to avoid taxes. This is the opposite of Crypto was meant to be

    submitted by /u/nelito30
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    The buyer of a $69 million art NFT is the same crypto whiz kid who once paid $4.6 million to have lunch with Warren Buffett

    Posted: 11 Mar 2021 06:55 PM PST

    Tezos exceed 100k contract calls in just 11 days of March!

    Posted: 12 Mar 2021 12:38 AM PST

    Tezos is setting month on month records for contract calls as the network becomes more and more popular.

    With more DeFi and NFT platforms due for release this month plus an Eth to XTZ bridge just getting released allowing for migration from ERC20 to FA2, the traffic is only going up.

    Once the market notice the price of XTZ is follow. Not financial advice. DYOR

    submitted by /u/tezosanddogs
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    How does someone go about "creating" a coin?

    Posted: 12 Mar 2021 01:52 AM PST

    Let's say I (or a group of people) want to start my own cryptocurrency. What is the process in which you implement the idea from intellectual property/mental conception to a full-blown currency that trades actively on a peer-to-peer network?

    Be as specific or as vague as you want.

    EDIT: Thanks for all the insightful information. I'm going to try and delve deeper now because you guys have really piqued my interest with your sentiments.

    submitted by /u/draconicessence
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    I'm a musician who hasn't released in years due to not really supporting the current streaming agenda and Spotify's terms. I've been waiting for an opportunity for years now. I've recently noticed NFT's...

    Posted: 11 Mar 2021 11:47 PM PST

    Considering releasing all content for free, yet selling NFT copies to those of whom love certain individual tracks. The idea of a loving fan owning something they truly believe in is a beautiful idea to me. I don't know how tangible this actually would be, but I'd love to hear some insight from perhaps other NFT sellers or buyers with their experiences

    TLDR: Selling music via NFT's, Pipe dream or worth logistically considering?

    submitted by /u/imbadthough
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