Cryptocurrency Daily Discussion - June 29, 2021 (GMT+0) |
- Daily Discussion - June 29, 2021 (GMT+0)
- One of the largest owners of bitcoin, who reportedly held as much as $1 billion, is dead at 41
- Ethereum’s Daily Active Addresses Surpass Bitcoin for the First Time in Crypto History
- Coinbase CEO Brian Armstrong says the goal is for the crypto exchange to list every asset that is legally possible
- This is the most bipolar sub I've experienced on Reddit
- The entire movement around crypto is to move AWAY from government control…
- Craig Wright has got a court order to get Bitcoin.org to remove the Bitcoin Whitepaper. Well, here is a website craigwrightisnotsatoshi.com that now hosts the Bitcoin Whitepaper.
- Secure your accounts, secure your investments
- Bitcoins Whitepaper is now being Censored across the Internet (even on Bitcoin.org)
- How did you get into crypto? I'd been hearing about it during 2017 and friends tried to get me to invest when BTC was around 4k.
- My friend just invested his whole life savings (~$70k) into this thing called NFP Federal and convinced his father into doing the same. They're trying to get me into it as well but it looks sketchy. Are they fucked?
- Please don't take a loan to buy crypto
- Every new piece of tech is heavily attacked at first
- If you had 1k to invest today in crypto, what would you buy? What would you steer clear of?
- I'm sick of being spammed by the same story 15 different ways in my feed
- Germany Introduces A New Law That Allows Funds To Invest Into Crypto Assets - Technology - Germany
- Do your own research. Reading this sub isn't research it's community.
- Formula 1 announce Crypto.com as inaugural global partner of the F1 Sprint series
- Coinbase has become the first company to receive a crypto custody license from Germany’s Financial Supervisory Authority
- ETH staking rewards INCOMING!!!
- List of gains needed to recover from your losses
- What are the best stablecoins out there?
- Robert Kiyosaki warns 'The biggest crash in world history is coming', Advises to buy Bitcoin
- Best thing about crypto is that it transformed passing of time from something dreadful to something to look up for
- Massive Thread about Dfinity and The Internet Computer token ICP. They lied to investors, intentionally withheld important information, and may have committed fraud. Coinbase buyers may have legal standing. Plus more. Proof inside.
- I don't see any other better investments than crypto.
| Daily Discussion - June 29, 2021 (GMT+0) Posted: 28 Jun 2021 05:00 PM PDT 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:
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| One of the largest owners of bitcoin, who reportedly held as much as $1 billion, is dead at 41 Posted: 28 Jun 2021 12:12 PM PDT
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| Ethereum’s Daily Active Addresses Surpass Bitcoin for the First Time in Crypto History Posted: 29 Jun 2021 02:57 AM PDT
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| Posted: 28 Jun 2021 12:56 PM PDT
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| This is the most bipolar sub I've experienced on Reddit Posted: 29 Jun 2021 03:31 AM PDT A couple months back when things were hitting their ATHs, everyone was overly bullish. Rocket emojis and memes being thrown everything. Stuff such as "ETH to $10K 🚀🚀" and "$250K BTC" were being uttered every where. The only thing to hate on was dogecoin. Then let's rewind uptil a few days ago, the sentiment is COMPLETELY opposite. I'm seeing people say "crypto is done" and that "crypto is a scam", and posts like these being upvoted. People I've never seen here before immediately start popping up to say how the tech behind crypto is useless and how crypto isn't a useful asset. Then all the bears come out of hiding and start saying it will be "5-10 years" before we reach our previous ATHs. Saying stuff like this would have been absolutely cruficied during the bull run. Heck, you could be slightly bearish and people would be laughing at you. Yet the complete opposite starts happening during a crash? People who say things will recover or that the crash is short-lived are being called "delusional" and told to "cope" or that they're high on "hopium". And where were all the moon boys and pumpers? Real quiet. Most of them probably paperhanded and never returned. And now with a sign of recovery, they're back spamming the daily chat again. I was skeptical before, but now I'm actually convinced being on this sub is useless and promotes unnecessary stress. Despite the hate a lot of the YT'ers get, they're at least consistent. [link] [comments]  | ||
| The entire movement around crypto is to move AWAY from government control… Posted: 28 Jun 2021 06:10 PM PDT So I refuse to buy GOVERNMENT backed "digital yuan" or "digital dollar" or ANY large corporation sponsored crypto like HBAR and anything else that decides to pass in front of me. I suggest you do the same or we're spinning our wheels here guys [link] [comments]  | ||
| Posted: 28 Jun 2021 04:27 PM PDT | ||
| Secure your accounts, secure your investments Posted: 28 Jun 2021 10:36 PM PDT Hey guys, I'm going to leave this post up for a couple of days and afterwards I am going to delete it. Take notes. (EDIT: The reason why I want to delete this after a few days is to protect my own security habits. At some commenters' request I will leave it up for longer than a couple of days. Perhaps a couple of weeks then. Do know that this will be deleted eventually. Do not save this post, copy and paste it to your own notes.) So a lot of you are losing money by using poor cybersecurity practices. Most of my friends and people online say I'm a bit overkill and paranoid. I think everyone should be overkill and paranoid about their online security. Cybersecurity isn't "for the nerds" anymore. A lot of companies, governments and black hats are after your stuff for one reason or another and you need to wise up. "but i don't have anything to hide..." <- Zip it! Your computer and your phone hold more info than your closest friends. Believe me, you do have something to hide. That information can and will be used against you by anyone who can get to it. I decided to write a quick post giving you a layman's introduction to protecting your stuff and where you can further educate yourself. Without further ado, here's the paranoia guide to internet privacy and security, volume I: Passwords: Passwords are the keys to your stuff. You should never reuse passwords. You should only have one password, that is, the password of your password manager. That's it. Password managers are encrypted databases that hold your passwords and usernames, plus some extra notes if you wish. You use them by copying and pasting the info from the database to your login forms. They have specific security features for this purpose, therefore they're the right tool for this job (for instance, they clear your clipboard 15 seconds after you copied your login/password to prevent clipboard leak). You program your manager to create as complex of a password as you want, but I find that 15 characters long with numbers and special characters in the mix are the best, as in case you need to use an external computer, you don't wanna be spending too much time typing in a password manually. There are two types, offline and online. I prefer offline because I'm paranoid. Whatever is not in the cloud or accessible online is safer. If someone manages to hijack your browser or phish you, they may get access to your online manager. If someone manages to hack your account, they may get access to your online manager. Most people that use an online manager are fine. They have good programmers taking care of security. Still... My recommendations are: For online Bitwarden. It's open source and endorsed by the best cybersecurity nerds here on reddit. For offline, Keepass. Works with windows, you can put it in a flash drive and also works with android. Do put it in a dedicated flashdrive or two, because if your computer breaks, there goes all your passwords. "But wasn't Keepass hacked?" <- No. The machine where they hacked keypass, using a program called keyfarse, was compromised. That brings me to: Machine security: A lot of you use windows. Linux is much safer, but also can be a PITA to use sometimes. If you're gonna use windows (which I also do), make sure to use an antivirus and run regular scans (at least once a month). Which ones? Avast, karspersky, bitdefender, eset are the most recommended ones. Pair it up with malware bytes for a beefed up malware defense as well. ccleaner is great to tune up your machine, but I also use it to remove start up programs easily, in order to kill bloatware or infection vectors. However like my cybersecurity teacher once told me, an antivirus is something that will protect you after you already messed up. It's a cure, not a defense. Someone has to get infected in order for the programmers to create a defense for it. So your true line of defense are your internet habits. Make sure your machine is updated. A lot of security holes are constantly being patched around the clock and delivered to you via updates. Updating is a slog, but it is important. Also, a lot of infection vectors come from pirated software and games. DYOR on the best piracy practices here on reddit (I shall say no more, nor link any more websites because I know some mods are touchy with it). Browser: A lot of people use chrome. Some people are into brave. I personally recommend Firefox. Firefox is the tried and true staple of anonymity and cyber security. It might not give you tokens, but hey it's pretty good at what it does. The default firefox is pretty good, but using extensions makes it perfect. Go into security settings, set up Do not track, HTTPS everywhere and jack up browser security to strict. Disable autofill, disable save passwords and logins (that's what the manager's for). I use the same on my android phone. For your phone you'll have to copy your keepass database manually using a cable every time you update it. PROTIP: You can save your address/cc card as a login info for easy form filling. You can also save your cc card expiration date and emergency numbers too, in case your card gets stolen you can cancel it quickly. Extensions: I recommend you install ublock origin (I know, I know, support websites. However, ads are a massive vector of malware. You can always unblock your favorite sites), privacy badger, privacy possum (anti trackers), multiaccount containers and descentraleyes. On android there's no option for HTTPS everywhere, so you should use the extension HTTPS everywhere. Every extension has an explanation page, but if you wanna know more, I can give you the quick version. Just ask. If you're good with computers, noscript and cleanlinks are good choices. The reason I say "if you're good with computers" is because these two extensions will break everything. Malware runs on scripts and trackers track you on tracking links, but so do normal website operations. 2FA: Do not use sms 2FA. Several people have come here and to other cybersecurity subreddits because they were hacked this way. Your sim card can be cloned and someone else can get the same sms as you. In a pinch, you can use google authenticator, but what you should actually be using is yubikeys. Yubikeys are 2FA devices that will unlock your account via USB or via NFC. They're great, unhackable (so far), portable, offline, safe and only cost 50 bucks. Have more than one, because if your single yubikey breaks, then you have another. Yes, you can attach more than one key to your account. They work with most of the popular services (google, microsoft, amazon, facebook, instagram, etc...) and, best of all, they work with keepass. E-mail: Have a secret e-mail that no one knows about and use it as a recovery e-mail in case all else fails. I personally use protonmail for my secret recovery e-mail. It also gets the e-mails in case my main e-mails gets an unauthorized access. Likewise have a crap e-mail that you give to everyone who gatekeeps you from accessing what you want in exchange for an e-mail. I check that one once per give away, to confirm the link they send me. You can set up filters to forward the stuff you need easily. Never click on links on your e-mail. Got an e-mail from Netflix? Manually use your browser to get to Netflix. Reduce social engineering sources: I don't know how you feel about social media, however I hacked my first account at 13 using info I got from social media of a friend. How did I do that? Well his security question was "what color is my house" and his profile pic was in front of his house. I didn't mess (too much) with his account, but it shows how easy it is to gather info from your social media and use it against you. Be careful with what you put on social media. Another way I can easily steal your info is if you use my computer and I change the save login and password settings to save yours. Check the browser you are using and make sure your info isn't being stolen. Nevertheless a keylogger can be running in the background, so better yet, do not put your credentials in a computer that you yourself aren't managing. Do not open, under any circumstances, your keepass database in a computer that you aren't managing. Also be aware of running your mouth on social media, particularly on reddit. Your post history is not private. You only need so many crumbs to pull off social engineering hacks. Loose lips sink ships! Crypto: Ok now onto crypto. As you are well aware, the best crypto storage device is a hardware wallet, like a Ledger or a Trezor. Do use a passphrase. As for your security key, keep it in a steel wallet. They are impervious to fires, floods and kind of secure but also super obvious to who's in crypto. If you're a digital nomad and you're roaming around, perhaps writing it in somewhere clever, say, a book, might be better to get through airport security. If you wanna store your mnemonic extra securely, I recommend several steel wallets and using Shamir's secret sharing technique using slip-0039. In short, it allows you to spread your seed over, say, 3 cards and you need all 3 to reset your hardware wallet. That means you can entrust those cards to someone (responsible, so they don't lose it) and they can't do anything with it. Or you can have 5 cards and need 3 out of 5 to get to your mnemonic. DYOR about SSS using Slip-0039. What you should not do is invent your own cryptographic scheme (unless you're some sort of cryptographic genius) because you will create something that's less secure than what's out there, easier to crack and, worse even, you might forget what was your scheme. VPN: Tom Scott published a video saying VPNs were less useful than you might think and mocking adverts of VPNs. I recommend you watch it on Youtube for impartiality's sake. I honestly don't agree with it. I mean, he has many good points, browser security is pretty good nowadays and VPNs can be redundant. However, governments can still know which websites you're visiting and can keep you from accessing certain websites you want to access. Corporations will also have a harder time pinning you down with a VPN. I recommend a VPN. Personally i use wevpn, because it's super cheap. It costs money, but it removes internet gatekeepers and gives you that extra privacy bump. Do remember to rotate servers to try and mitigate the risk of landing on a compromised VPN server. There's so much more that I'd love to tell you but it's getting pretty long. I didn't cover cloud services and hard drive encryption. Some other time perhaps. More info: r/privacy r/europrivacy r/cybersecurity r/privacytoolsio Keep yourself safe and anonymous. I'm open to suggestions and criticisms, so if your method is better than my method, please share your method so I can use it too. Feel free to copy and paste it, even if you do not credit me. It's not a paranoia guide that's gonna make me famous. PS: This is advice for accessing the clear web. This is inadequate advice to access the darknet (because it's not relevant for this sub). [link] [comments]  | ||
| Bitcoins Whitepaper is now being Censored across the Internet (even on Bitcoin.org) Posted: 28 Jun 2021 10:17 AM PDT Bitcoins whitepaper is now being censored across the internet by Craig Wright, who claims to be Satoshi Nakamoto. Now the owner of Bitcoin.org is forced to pay at least $48,600 and remove the whitepaper from the website. Wright is nowhere in the community accepted as being the person behind Satoshi, but he abuses the legal system to claim this. He is also promoting his own (unsuccesful, its more than 200 times smaller than Bitcoin) shitcoin and tries to harm the classic Bitcoin as much as possible. Download Bitcoins whitepaper here and tell people that he is not Satoshi if they claim he is. [link] [comments]  | ||
| Posted: 29 Jun 2021 02:04 AM PDT I didn't have any money to invest, I was living paycheck to paycheck and cold not dream of being able to save any money. I was working my literal a$$ off on a mission to lose a total of 90kg, and in December 2017 hit that goal. I also ended up fired that month, and had a brand new dog, and had just upgraded houses. It was not the best time to go into business for myself, but what the hell right. I decided to start writing full-time as a freelancer. I picked up 3 clients during December, and one of them was a crypto exchange. They offered me a 1-year deal, and they offered a modest fiat salary with some of the native exchange tokens as a bonus. These tokens were 90 cents at the time of negotiation so I ended up agreeing to 200 per week, thinking that if I saved all of them for a year, I'd have just enough for the body lift surgery I needed after this extreme weight loss. I'm an ex-pat and had to go on a visa run in late December, our office closed and when I came back it was the first week of January. The stupid exchange tokens they had offered me were now trading at $7 each. I stopped. I stared. I screamed. Is this for fucking real????? My friend/coworker looked at me with the biggest smile on his face and says, WELCOME TO CRYPTO BABY!! And that was when the mania wave hit, and all of a sudden my world opened up to a whole slew of new possibilities! By the end of January I was getting plastic surgery quotes and found a doctor I liked. I got him to take the down payment in crypto, which was totally exciting. Do you know how exciting it was to be able to put $4000 down toward a surgery in Februry, when I had only made like $12,000 the entire year before??? I can't tell you how dramatically crypto has impacted my life. I look around at my home, and see evidence of the last bullrun all over. From my deep freezer to help keep me on track with food, to the computer I'm typing on now, and the body I am sitting in now. I am a believer!! Now, it's my second bullrun, I'm now working for a stellar project lead by a team of crypto millionaires, who have come up with a super cool new approach and are literally building a legacy. I fucking love crpyto. How did you get into it? [link] [comments]  | ||
| Posted: 29 Jun 2021 12:33 AM PDT | ||
| Please don't take a loan to buy crypto Posted: 28 Jun 2021 06:45 PM PDT I believe we will continue with the bull run soon enough (I may be wrong). During bull runs a lot of newcomers tend to join in the crypto space because of all the hype and FOMO like there is no tomorrow. Instances like this will show people at their greediest and often we let this emotion take the better of us. However, pleases DO NOT TAKE OUT LOANS TO BUY CRYPTO! You should only invest with money you afford to lose. If you lose it, it's okay no biggie. However, if you take a loan of any sort and the cryptos you bought drop then that is not a sight anyone wants to see. During any bull cycle, there will be an influx of people joining in. They want to make those sweet sweet gains too. If you have any friends or family who will do something like this please do tell them not to. Please educate the newcomers and tell them not to go FOMO when the market is skyrocketing, there will always be dips (I have learnt this the hard way). If you spend what you CAN'T afford to lose, you are just gambling and you may be in for some bad news. [link] [comments]  | ||
| Every new piece of tech is heavily attacked at first Posted: 28 Jun 2021 08:54 PM PDT
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| If you had 1k to invest today in crypto, what would you buy? What would you steer clear of? Posted: 28 Jun 2021 11:07 PM PDT I know this is a rather paltry amount for some, but am curious to hear what the community has to say. I am rather new to crypto, and have been investing small amounts on a weekly basis. My plan is to reach 1k of extra savings over the next 2 months and then invest that larger sum. I have currently been buying ETH, ATOM and ADA. I look forward to hearing your choices! [link] [comments]  | ||
| I'm sick of being spammed by the same story 15 different ways in my feed Posted: 29 Jun 2021 04:31 AM PDT I know the mods can only pin 2 posts at a time but I think it would be worth pinning a "Daily News" thread that is pinned below the Daily discussion. This way we can see all 30 different sources talking about cdc sponsoring an F1 car or some billionaire Mexican banker wanting to accept BTC at his banks in one concise and easy to sort spot. It'll also stop the incentive for folks to spam news that's already been posted multiple times per day if their post isn't automatically shot to the top of "NEW". /rant [link] [comments]  | ||
| Germany Introduces A New Law That Allows Funds To Invest Into Crypto Assets - Technology - Germany Posted: 28 Jun 2021 11:16 PM PDT
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| Do your own research. Reading this sub isn't research it's community. Posted: 28 Jun 2021 07:41 PM PDT The amount of people who take others words like they are the word of god on this sub is astounding. Of course a whale wants a few hundred of you to throw a thousand bucks at a shitcoin. They need your help to pump so they can dump. Don't buy bc you see someone else buying. Buy because you are financially sound, understand the risks, and understand the project you're investing into. Just promise me y'all will think before dumping life savings into something that could ultimately become worth nothing [link] [comments]  | ||
| Formula 1 announce Crypto.com as inaugural global partner of the F1 Sprint series Posted: 29 Jun 2021 02:56 AM PDT
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| Posted: 28 Jun 2021 08:56 AM PDT
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| ETH staking rewards INCOMING!!! Posted: 28 Jun 2021 03:36 PM PDT |
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