• Breaking News

    Saturday, June 5, 2021

    Home Unlabelled Cryptocurrency Daily Discussion - June 5, 2021 (GMT+0)

    Cryptocurrency Daily Discussion - June 5, 2021 (GMT+0)

    June 05, 2021

    Cryptocurrency Daily Discussion - June 5, 2021 (GMT+0)

    Daily Discussion - June 5, 2021 (GMT+0)

    Posted: 04 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:

    • 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 The prior exemption for karma and age requirements is no longer in effect.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]

    Millennials Age 40 With No Home, More Debt Run Out of Time to Build Wealth- Crypto is one of the only ways we can actually build this wealth.

    Posted: 04 Jun 2021 02:34 PM PDT

    Mark Cuban Rips SEC For 'Zero Understanding' of Cryptocurrency

    Posted: 04 Jun 2021 07:22 PM PDT

    The SEC has been ordered by the court twice to hand over documents regarding bitcoin and eth and ripple still have not received a single document. Ripples fair notice defence effects all US crypto.

    Posted: 04 Jun 2021 08:12 PM PDT

    Basically the sec is now stalling. It's becoming very apparent Jay Clayton went ahead with this lawsuit prematurely and without concluding an investigation. The guy literally did it on his last day.

    The court has ordered the SEC to hand over documents regarding Eth and BTC twice and they still haven't done it. The sec is starting to look like a complete embarrassment. But ripples fair notice defence is where they can win at summary judgment.

    The sec had 8 years to bring the case forward. They had 8 years to help crypto but instead Jay Clayton filed the lawsuit on the last day. Ripple are now saying they did not have fair notice. The SEC sat on their hands and didn't assist crypto in anyway. If ripple win the fair notice defence that means the SEC cannot go after the OG cryptos. They fucked up, by sitting aside and doing nothing they have essentially dug their own grave.

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

    Anonymous Message To Elon Musk

    Posted: 04 Jun 2021 09:55 PM PDT

    Best Investment Ever? Vitalik Buterin Says He Cashed Out $4.3M for $25,000 He Invested in Dogecoin in 2016

    Posted: 04 Jun 2021 04:12 AM PDT

    Pay attention to APR vs APY

    Posted: 04 Jun 2021 07:15 PM PDT

    Many exchanges offer interest rates on your bitcoin and other cryptocurrencies when you deposit with them. When shopping for the best interest rates, pay attention to whether the rate is APR or APY. The difference is subtle, but important, especially for large amounts.

    APR, or Annual Percentage RATE, gives you the rate at which your original deposit accrues interest. If you allow it to compound, rolling the interest into the original amount, the APR number does not take that interest into account - so you're also earning interest on your interest.

    APY, or Annual Percentage YIELD, gives you the amount at which your deposit will pay out after one year. It takes the interest that you're earning into account on that payout. You're not earning any additional interest on the interest, because it's already been factored into the APY number.

    This site has a handy calculator to help you see the difference: https://www.aprtoapy.com/

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

    There should be a crypto which you earn by collecting and disposing of trash, call it "trashcoin" or something.

    Posted: 04 Jun 2021 11:09 AM PDT

    There can be designated drop off sites where depending on the weight of the trash, you get a corresponding amount of crypto. Or maybe the trash collection is what allows more crypto to be mined in the first place. Idk just a crazy idea!

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

    Thousands of people have descended on Miami for a massive two-day bitcoin conference that opened Friday -- a sign that the US city, in the midst of a tech boom, is hoping to become the next cryptocurrency hub.

    Posted: 04 Jun 2021 08:48 PM PDT

    Robinhood, Coinbase, Microsoft: Never Forget What Centralized Corporations Do When they get Desperate.

    Posted: 04 Jun 2021 12:20 PM PDT

    Robinhood

    Don't buy Crypto on Robinhood . The company almost went under on a 3B margin call over illegal GME paper trades. They restricted buying on doge, then Bullshitted their way out of it when officials questioned them.

    Coinbase

    Had to dish out $6.5 million in fines for using bots to manipulate prices. They have also been forced to report trades you do to the IRS taking away your own responsibility to do it yourself. Yeah yeah. They have to comply. Everyone wants to watch what you are doing. The little guy while the same corporations get away with murder avoiding taxes by use of offshore banking methods. Rules for thee but not for me.

    Microsoft

    The CIA in 2017 in wake of Trump getting elected turned every windows PC into spyware as if regular citizens were a threat. Just a switch and bam, they have a backdoor into what you look at, who you voted for, your crypto or whatever they want to use for whatever purposes. I'm sure some of it involves a little bit of taking your information and selling it to the highest bitter.

    https://wikileaks.org/ciav7p1/

    Google

    Actively suppresses innovation of competing app stores. Take AppCoins $APPC. By Aptoide. A perfectly legal appstore out of Portugal that would offer you free apps that you would have to pay $1 for on Playstore. They have incentives for users if they play or use certain apps the creator awards you more appcoins for your time so you can use that for in app purchases or purchase apps you couldn't previously afford.

    Aptoide took google to court several times for dirty practices and won a couple.

    They also have massive Influence like paying bloggers to tell everyone Aptoide is illegal.

    https://joyofandroid.com/illegal-android-apps/#:~:text=Aptoide,you%20can%20download%20and%20install.

    Illegal because the play store doesn't allow competing appstore apps. Yeah, that's not what defines illegal to have on your phone. It gets downloaded form their site direct. Not play store

    Yeah that doesn't make it illegal. They went as far as deleting it entirely off your android whenever there was an update.

    Aptoide was suppressed so much, and in combination with the crypto market crash, it really hurt their adoption big time.

    Well, they were fishing traction fast in 2018. 300M users. Free crypto. Obviously you can't let your market share tumble while the little guy gets a little more out services. You can lose a few billion if you let Aptoide run free. Especially during bullmarkets.

    So remember..

    Decentralization. It starts by deleting your popular centralized apps like face book and start using decentralized platforms for social networking like Diaspora.

    This is where it starts. People have the power all they have to do is act.

    These people aren't there for you. They are their for themselves. They don't want the little guy to get ahead on their dime.

    Crypto is our future. Hold BTC, ETH etc.

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

    Elon Musk is a 'tourist' in crypto who just wants to 'collect followers,' Celsius Network CEO says

    Posted: 05 Jun 2021 01:45 AM PDT

    Africa is Leading in Crypto Adoption as Africans use Crypto as Store of Value to Escape Inflation

    Posted: 04 Jun 2021 07:19 PM PDT

    Binance CEO: You Won't Be Rich Using a Rich Person's Tweets to Trade

    Posted: 05 Jun 2021 02:59 AM PDT

    Regulation is not your friend

    Posted: 04 Jun 2021 03:40 PM PDT

    To those calling for regulation, ask yourself: what would Satoshi say?

    This may get downvoted to obscurity, but I have to get it off my chest.

    All this clamoring for regulation of crypto markets is really sticking in my craw. Both in this sub and other online crypto spaces over the past few weeks (and loads today) there have been countless statements calling for regulation/complaining about lack of regulation. Ppl upset bc they believe this or that is market manipulation and that "they shouldnt be able to do that". This is an anti-crypto mindset, and needs to change if the vision of the founders of crypto will ever be truly realized.

    The whole motivation behind the pioneers and early adopters of bitcoin - the people who built it and tested it and believed in it - was a currency to free them and their fellow man from reliance on fiat currencies. Satoshi Nakamoto didn't make bitcoin so that ppl could toss a few month's rent from their savings into it to hopefully 2 or 3x their gains in a year and sell back into fiat. The whole point of bitcoin was that you would use it as the currency. You'd be selling into bitcoin to lock in profits, not selling out of it.

    Why did they want this? Ever since the death of the gold standard, governments have played with their fiat currencies like gods and in many cases ruined the currency as a result of their hubris/ignorance/greed/all of the above. The people in the early crypto space knew this, and they wanted to build something that was immune to government - centralized power - control, precisely because of this shoddy track record (and the immense costs in human suffering as a result of fiat currency failures).

    That idea, nurtured by a small community of cryptographers and libertarians and tech geeks, blossomed and bitcoin took off. Eventually new ideas utilizing the blockchain were birthed. Today, the space is teeming with amazing concepts and brilliant ideas. But almost all of these new crypto projects still embraced the core motivation of bitcoin: they're fundamentally built around around decentralization. The true power of crypto is the power to disintermediate everything, reduce our reliance on the government and market markers to trade or exchange ideas with one another. The government is the damn reason Satoshi made bitcoin in the first place.

    Why would someone who believes in this original vision of crypto be calling for regulation? Well, naturally, they shouldnt. So it begs the question, why are so many calling for it? If you've read this far I think it's pretty clear that I think these voices aren't true crypto believers, just individuals here to make some easy gains and flip back to fiat when the party ends. And, if I'm right, this really bums me out. Because the true power of crypto - that ability to eliminate centralization across industries and nations - will never be possible until the majority of ppl stop thinking in terms of fiat and start thinking in terms of crypto.

    Look, I get the frustration. I'm staring at red over the past two weeks and find myself getting pissed like the rest of you. I even blew my wad buying on the first dip and loaded up on cryptos at prices that are still underwater. So Im just as invested in wanting to see the market get back to running towards new ATH's as anyone else in this sub. But I will not be joining the chorus of voices bleating about how we need more regulation just bc I'm feeling the heat in my portfolio. And not only because I'm a patient man. Because thinking that regulation will help here, that maybe if it had been in place maybe BTC would still be at 55k, is wrong and is anti crypto.

    You might not like that BTC has dropped like a lead balloon lately. And you can be forgiven for thinking that regulation would help here. You've been taught to think that way. But shake yourself out of it! Regulation won't solve the irrationality of human minds when it comes to shiny things anyway, all it will do is allow the government to exert more control over the crypto markets and throttle our liberty and potentially crypto innovation.

    If the crypto market cap really did drop only bc of Elon shaking confidence, not the underlying fundamentals, than either: a) the market was overvalued, b) the current price is undervalued, or c) too many people have weak hands bc they only view crypto as a get rich quick scheme. Nature will reach equilibrium regardless of how you feel about her, and that applies to market prices too. And, in case you haven't noticed, governments do a shit job trying to control nature anyway.

    Its illogical to look at the way the government has handled fiat currencies and think that's a problem, but turn around and beg that same entity for help in the crypto markets when things arent going your way. It's tough to hear, but you just have to let it go. You knew this was a volatile market when you invested. Now you see what that meant. High beta means big upswings, and it also means big downswings. Buy the dip and hodl, if you have money lying around. Or don't, maybe itll go down again tomorrow. Alternatively: maybe it will moon.

    The truth is, if more people believed in bitcoin as a store of value than a get rich quick scheme, Elon wouldn't be able to tank the market with a mere tweet, and bitcoin would have a much more stable price. So maybe, next time youre thinking about tweeting about how crypto needs regulation, you'll consider that we need to kill that mindset for crypto to flourish.

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

    Alibaba, Google Among More Than 300 Companies Seeking Singapore Crypto Licenses

    Posted: 04 Jun 2021 08:15 PM PDT

    Bitcoin and Ethereum Now Accepted for Rent at Manhattan Office Buildings

    Posted: 04 Jun 2021 11:21 PM PDT

    Chinese Bitcoin Mining Company Invests $25M In New Facility In Texas

    Posted: 04 Jun 2021 08:34 PM PDT

    Bitcoin price will increase tenfold, argue the famous Winklevoss twins

    Posted: 04 Jun 2021 05:51 PM PDT

    Bitcoin Whales Are Accumulating Behind The Scenes Adding 50,000 BTC to Their Wallets

    Posted: 04 Jun 2021 04:15 AM PDT

    Had to do an international transfer and it took a total of 20 days and didn't even go through, used ERC20 USDT and it took 15 minutes

    Posted: 04 Jun 2021 03:30 PM PDT

    So just like the title says. I was paying for something that accepts FIAT and USDT and I decided to use fiat money instead of their option to just send ERC20 USDT. I thought you know "lets just do it the normal way as I just have to add some info and thats it" WRONG.

    I added all the info but I missed one little instruction since it was an international transfer and it used an intermediary bank. Paid 3% to send the amount and 5 days later the recipient hadn't received it yet.

    I called the bank, which in turn helped me recall the payment. But GUESS WHAT?? yeah, they didn't actually recalled it so I had to call again to verify if they actually recalled it, bear in mind that I did this cause I was paranoid as it was a good amount of money, they told me they hadn't recalled it and they would do it later. I told them that I wasn't going to wait and to do it right there, apparently I was mad enough cause she actually did it.

    Around 15 days later I got my money back with 3% less off-course as that was the fee I lost for doing the transaction in the first place.

    Right there and then (as soon as I was sure my fiat was back in my account) I decided to do the ERC20 USDT option and I timed it, even with swapping ETH to USDT and then sending and them receiving it all took 15 minutes.

    I just want to say that who ever is thinking crypto doesn't have the potential to move the world is just not looking at the shitshow their centralized system is, we can do better and this is the answer to that.

    submitted by /u/ramonvls926
    [link] [comments]

    Jack Dorsey: I Would Leave Square and Twitter for Bitcoin if it Needed Me More

    Posted: 04 Jun 2021 11:26 AM PDT

    It's my cake day and I want educate and give back

    Posted: 04 Jun 2021 08:06 PM PDT

    I am earning about 2 algo staking everyday, and I want to bring more people into it to see how great the project really is. So everyday for the next week I want to share my stake rewards to expose more people to this project. Starting today, pick a number between 1 and a 100,000 and I will send 2 algo to the winner. Not much but hey, its free. I will make a new post everyday around this same time.

    submitted by /u/frostedPlan3t
    [link] [comments]

    Why Algorand (ALGO) is ALREADY an Industry Leader

    Posted: 04 Jun 2021 10:19 AM PDT

    'Africa Is Leading Global Cryptocurrency Adoption’: Paxful CEO

    Posted: 04 Jun 2021 09:21 PM PDT

    Dude this really is a cult. What the actual fuck is this?

    Posted: 05 Jun 2021 12:04 AM PDT

    Dutch police arrested multiple scammers, including a pump & dump scammer.

    Posted: 04 Jun 2021 01:34 PM PDT
    Read more
    at

    No comments:

    Post a Comment