Cryptocurrency Daily Discussion - June 6, 2021 (GMT+0) |
- Daily Discussion - June 6, 2021 (GMT+0)
- The President of El Salvador just announced that he is making Bitcoin legal tender in his country.
- Psst, everyone is sleeping, gas fees are down to 10 gwei on ETH
- EL SALVADOR TO DECLARE BITCOIN AS LEGAL TENDER as the first country ever
- I Bought and HODLed Bitcoin Since 2012: Legendary Skateboarder Tony Hawk
- A great idea if you’re scared of not holding long term
- Guy crashes Bitcoin Conference stage 2021
- I love each and every one of the members of this community! Yes, you!
- For all the delusional people that preach how crypro fixes everything and solves government issues: please listen to vitalik
- Jack Dorsey at a Bitcoin Conference is like having Harvey Weinstein attend a MeToo Rally.
- Is this a conspiracy theory or a real concern?
- Noob tip: complete Coinbase earn rewards during dips
- Japan has had Bitcoin as legal tender for years, el Salvador isn't the first country to do so. Just an FYI with link provided.
- I finally started staking crypto today. It feels good.
- Understanding Ethereum's rollup-centric roadmap
- Am I the only one who doesn't get the NFT art craze?
- 2021-06-05 - r/CryptoCurrency surpassed r/Bitcoin in subscriber count. The subreddit flippening has arrived
- World leader adds bitcoin ‘laser eyes’ to Twitter pic after declaring crypto legal tender
- How to NOT lose money when buying crypto
- ADA is One the Most Decentralised Cryptocurrency in the World Right Now with 98.5% of Supply being Distributed among Retail Investors.
- Why I've become an Altcoin maximalist
- Tony Hawk says he bought Bitcoin back in 2012 and that he has held on to most of it since.
- Polygon’s MATIC Token Ended May Up 120% Despite Bitcoin’s Price Crash
| Daily Discussion - June 6, 2021 (GMT+0) Posted: 05 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:
Useful Links:[link] [comments]  | ||
| The President of El Salvador just announced that he is making Bitcoin legal tender in his country. Posted: 05 Jun 2021 01:52 PM PDT The President of El Salvador just announced that he is making Bitcoin legal tender in his country. This is the first country to take such a courageous step, but it won't be the last Today, the country of El Salvador has taken one small step for bitcoin, but a giant step forward for humanity. Bitcoin is inevitable. Edit: This is a proposed bill to adopt bitcoin as the legal tender. Bitcoin will be the currency of El Salvador once this bill is passed. Thanks u/Cintre for the addition! [link] [comments]  | ||
| Psst, everyone is sleeping, gas fees are down to 10 gwei on ETH Posted: 05 Jun 2021 11:05 PM PDT Psst, everyone is sleeping, gas fees are down to 10 gwei on ETH. Again pretty low and again a reminder. Move your stuff if you need to. Uniswap fees are therefore low too. 10 gwei seems to be a good deal :) https://etherscan.io/gastracker Regular transfer: $0.50 ERC20: $1.76 Uniswap: $5.42 I guess everything NFT related is low(er) too. Edit: 6 gwei now! [link] [comments]  | ||
| EL SALVADOR TO DECLARE BITCOIN AS LEGAL TENDER as the first country ever Posted: 05 Jun 2021 01:56 PM PDT
 | ||
| I Bought and HODLed Bitcoin Since 2012: Legendary Skateboarder Tony Hawk Posted: 05 Jun 2021 07:58 AM PDT
 | ||
| A great idea if you’re scared of not holding long term Posted: 06 Jun 2021 02:56 AM PDT So I've been thinking about regrets people have had in the past, you know the stories where people say "oh I invested in Bitcoin at $1,000 but sold when it hit $7,000" we've seen the same regrets over and over again. Here's a solution. Say you wanna hold for at least 5 years, but you're afraid your paper hands mentality will take over and you'll sell early, here's what you do. 1) invest as much as you can into BTC (or whatever coin you have faith in) 2) You commit a crime that gets you that many years, maybe armed robbery? GTA? I dunno, DYOR with the crimes in your local area. Plead guilty, do the time, come out rich as fuck. This is financial advice, you're welcome. /s [link] [comments]  | ||
| Guy crashes Bitcoin Conference stage 2021 Posted: 05 Jun 2021 12:04 PM PDT
 | ||
| I love each and every one of the members of this community! Yes, you! Posted: 05 Jun 2021 11:05 PM PDT When my body croaks in 70 years and my consciousness is uploaded into HeavenCoin on the Ethereum 7.0 Blockchain, Ill see a few of you there. We'll be the new 1% - the old guys who were there at the very beginning, telling the younguns stories of buying 10,000 bitcoin pizzas and animal currencies. Every once in a while we'll look down and smile as we see our grandchildren driving around in hovercars they bought with our Moons. Let's not forget the big picture! Are we here to spread fear, pick sides, and call each other douchebags on the internet like every other community? No! We are the crypto pioneers and we are in this together! So tonight, I'm doing what I do every night. I got my Upvote finger ready and I'm here to support and contribute! Thank you for being a part of the revolution! [link] [comments]  | ||
| Posted: 05 Jun 2021 08:02 PM PDT
 | ||
| Jack Dorsey at a Bitcoin Conference is like having Harvey Weinstein attend a MeToo Rally. Posted: 05 Jun 2021 10:28 AM PDT What a FK'in Travesty. Decentralization is here because of people like him. Just how why MeToo Rallies exist in the first place. Because of people like Harvey Weinstein. Big Corporate centralized information hoarding, censoring conglomerates like Twitter, Facebook, YouTube that hold monopolies on their area as to why they can do stuff like this without worrying about people leaving to another because of herd complacency biases , and active suppression of any competing apps. So having Jack Dorsey speaking at a BTC conference is one of the worst choices. How about a Hacker like Gummo that stresses privacy speak and explain all the ways why decentralization is important. Like letting everyone know their iPhones aren't safe form viruses despite what lying Apple says. Or American law professor , and free software activist Eben Moglen who inspired the creation of the first Decentralized Social Network, Diaspora? I can think of many credible better candidates and this tells me one thing. Either Jack Paid to get himself in or someone is stupid. Jack Dorsey is not gonna use decentralization the way it should be. There's no way he's gonna give up his fortune to push for a decentralized network that isn't freelancing your information. He will figure out how to use it In a Centralized way, and hide behind the word Decentralized. Yeah. I don't trust the guy. The problem with centralization is you have to trust God knows how many people with access to your information that they are keeping it safe, secure, and won't be suspect to be used for any Mal Intent. But we can't. So really FK this guy. [link] [comments]  | ||
| Is this a conspiracy theory or a real concern? Posted: 06 Jun 2021 01:29 AM PDT Just this morning I came across a post that's kind of shocked me. I have read a few bad things about manipulation and dirty games by exchanges, but this is totally next level and might tell us the worst is not behind us. Here's the link: https://crypto-anonymous-2021.medium.com/the-bit-short-inside-cryptos-doomsday-machine-f8dcf78a64d3 I thought I'd share it. The volumes are extremely low despite a ~45% discount on Bitcoin from ATH. If a liquidity crisis starts, the exchanges might go down with all the money. [link] [comments]  | ||
| Noob tip: complete Coinbase earn rewards during dips Posted: 05 Jun 2021 05:35 PM PDT This isn't some grand money making advice, but might help out a few people (like me) who want to be invested in crypto but don't have a ton of capital. So most people know about the Coinbase earn program, where you can complete activities that give you free crypto (usually $3-$5). However, they don't pay out in terms of crypto, they pay in the current dollar amount of crypto. So no matter what price a certain crypto is currently trading at, you will earn $3 of the crypto at the current price. Because of this, you should only complete these tasks during dips because you will get more coins and therefore have more room for growth. Hope this helps somebody! Edit: Some people have pointed out that the awards expire after a certain time/number of people completing it. So maybe the only real tip is, if you see that the market is down one day, use it as an excuse to do any rewards you can, cuz it's a good time to do them :) [link] [comments]  | ||
| Posted: 06 Jun 2021 12:48 AM PDT
 | ||
| I finally started staking crypto today. It feels good. Posted: 05 Jun 2021 09:54 PM PDT I've had Ada, ETH, and VET for almost one year. (Haven't sold any.) Vet has been making VeThor. Waiting on Coinbase to let me stake my ETH. I finally started staking my Ada today. (I was lazy.) I now understand why staking is so important. Passive income is the future. If you haven't started staking your crypto do it today. It's only a couple clicks away. (I'm not a poet.) [link] [comments]  | ||
| Understanding Ethereum's rollup-centric roadmap Posted: 05 Jun 2021 10:00 PM PDT It feels to me like there's a lot of confusion around Ethereum's roadmap, with a common perception being "Ethereum 2.0 is the next version of Ethereum that'll replace the current version". This is not true. Indeed, Ethereum has pivoted to a rollup-centric roadmap, which I don't see nearly enough people talking about. So here's my attempt at adding to that conversation with a brief overview of where things are headed, and why it's very much unlike you may expect. I'm not going to talk much about rollups here (you can see my profile for many posts about the topic) but they are essentially a new class of blockchains that focus on doing one thing very well - very fast transactions at a low cost - while "contracting out" the hard stuff like security and decentralization to a different blockchain (L1). As a result, rollups can effectively offer high scalability without sacrificing security and decentralization - for the first time in the industry. I often joke that "rollups are 4th gen blockchains" but this is actually true - this marks a paradigm shift to the blockchain industry as we know it. Some Ethereum researchers foresaw the incoming rollup revolution as far back as April 2019, but it was formalized in October 2020 as the rollup-centric roadmap. The previous plan under the old "Ethereum 2.0" roadmap was: Ethereum will be the blockchain that does it all, achieving scalability through shards. End users will make transactions on the 64 shards. The current plan under the latest rollup-centric roadmap: Actually, rollups will scale, and transactions by end users will happen on rollups, not Ethereum. Instead, Ethereum will focus on being the best L1 chain for rollups. Proof-of-stake will make it the most secure and decentralized consensus layer for rollups, while the 64 shards will offer massive data availability for rollups. Why make this pivot? It's quite simple: rollups are simply better than traditional blockchains. Ethereum's focus is to retain high security and decentralization. With the old roadmap, we would achieve ~3,000 TPS with sharding. Rollups have been offering this type of scalability since early 2020, and at this point are proven tech, while there are many unknowns on how well transactions on shards will work. By comparison, it's easier for shards for offer data availability. With rollups + data sharding we'll get to 100,000 TPS. All the while, this can be achieved much sooner with less technical and security risks, by late 2022. It's quite simply the pragmatic option. The implication here is that in the medium term, the next couple of years, Ethereum is all in on rollups, and expects a majority of users to transact directly on rollups. A side-effect of this is that Ethereum L1 will continue to remain constrained and as act as a settlement layer for rollups rather than end users, but it wouldn't really matter as most users will be on rollups. As such, older traditional blockchains like Cardano, EOS, Tron are no longer competing with Ethereum - they are competing with smart contract rollup chains like Arbitrum, zkSync 2.0 etc. In the long term, we do expect L1 scalability through executable shards, statelessness + state expiry, ZK-Ethereum, but with the rollup revolution happening right now, this is a low priority. The top priority for the blockchain industry as a whole should be to develop and mature the rollup ecosystem. Tl;dr: Rollups mark a paradigm shift for the blockchain industry, offering high TPS without materially sacrificing decentralization and security for the first time ever. A vast majority of end user activity will be on rollups. In response, Ethereum is no longer just a smart contract platform, but focused on being the best settlement layer for smart contract platforms (rollups). [link] [comments]  | ||
| Am I the only one who doesn't get the NFT art craze? Posted: 05 Jun 2021 05:27 AM PDT Ok ok... I understand the buying and selling of items in games because well... they have a purpose. You can use them to enhance your gaming experience... I understand music.. I buy an album and then forever own it. If you wipe your hard drive you can recover it without having to buy it again.. I don't understand why on earth people pay huge money for gifs and jpgs. What do you do with it? Set it as your wallpaper? I'm being a bit facetious, I understand the concept of collectables but I don't see how it translates into digital form. If I buy a Rembrandt there's that knowledge its the exact canvas he worked on.. the texture, wear and tear, the history etc. In the digital world, the original has all the same properties as a replica. Why is one more special than the other? Am I the only one? [link] [comments]  | ||
| Posted: 05 Jun 2021 12:23 PM PDT
 | ||
| World leader adds bitcoin ‘laser eyes’ to Twitter pic after declaring crypto legal tender Posted: 06 Jun 2021 02:49 AM PDT
 | ||
| How to NOT lose money when buying crypto Posted: 05 Jun 2021 03:58 PM PDT First off, this is not financial advice. This is just some personal experience that I've gained and want to share to you guys. Also to get the elephant out of the room, yes I am posting to get Moons, but also to help some of the new people just joining the crypto space.
Bonus: Anyways, since Pandora's box of crypto and DeFi has been opened, blockchain and crypto will be relevant for the foreseeable future. Remember you are still early if crypto is going to be the revolutionary technology that it could be. And fight the FOMO. Thanks for reading. [link] [comments]  | ||
| Posted: 05 Jun 2021 05:48 AM PDT
 | ||
| Why I've become an Altcoin maximalist Posted: 05 Jun 2021 01:08 PM PDT After two days of watching Bitcoin sycophants line up to feed their own echo-chamber, followed by a panel of bitcoin maximalists bros defending bitcoin toxicity, and the crowds cheering them on, I have sold all my Bitcoin and move it all to Alts. I was already wavering due to Bitcoins energy usage compared to POS coins, but after seeing the personalities of people like Max Keiser and everyone on the maximalist panel, I cannot bring myself to be a Bitcoin supporter. Yeah I know that all the Alts are correlated to BTC, and BTC goes down Alts will bleed heavily; but you know what - screw it. I'd rather be broke than support a community like that and a coin that if we are all honest, was a great proof of concept, but given that we can have the same thing with less energy using POS, there's no reason for it. I'm now an Altcoin maximalist. I encourage others to follow, and break this link to BTC. Edit:
[link] [comments]  | ||
| Tony Hawk says he bought Bitcoin back in 2012 and that he has held on to most of it since. Posted: 05 Jun 2021 02:30 PM PDT
 | ||
| Polygon’s MATIC Token Ended May Up 120% Despite Bitcoin’s Price Crash Posted: 06 Jun 2021 02:52 AM PDT
 |
| You are subscribed to email updates from Cryptocurrency News & Discussion. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment