Cryptocurrency Daily Discussion - July 13, 2021 (GMT+0) |
- Daily Discussion - July 13, 2021 (GMT+0)
- It’s ok for Billionaires to go to space for no reason and burn a ton of rocket fuel but nooooo we can’t have any crypto mining going on cause you know the oceans are LITERALLY ON FIRE because of crypto mining
- It was not a 'hacker' who stole coins from the guy's Metamask
- Change my mind: Mining profits shouldn't be taxed until they are converted into a fiat currency.
- If you want to join me in watching metamask account get robbed by some asshole look below
- RIP to the underground moonbetting circuit.
- As an investment, Bitcoin has been profitable for 96% of its life. So, your portfolio is down 5% or 10% or even 50%; what do you do? It’s simple: HODL
- Too many people on Robinhood still! Do yourself a favor and get off that garbage.
- Use custom wallet addresses (adam.wallet) instead of confusing public keys!
- The Cannabis Industry is RIPE for a blockchain.
- Bank of England comforts themselves by claiming they're not threatened by crypto, which means they probably feel threatened by crypto.
- Bank of America Analyst Raises Price Target of Bitcoin to $87,000
- Believe it or not, cryptocurrencies are not stored in crypto wallets.
- No, happyguy didn’t “get robbed by some asshole”, until proven otherwise. This should be your opinion on anything posted online, otherwise you’re just as gullible to manipulation.
- Asked Robinhood when Crypto wallets were coming, and got banned.
- Without Banks, Cannabis Companies Are Turning to Crypto
- Perspective
- If you receive a strange token in your wallet, don't sell it! It'a scam and you'll lose all your money
- Bitcoin Searches hit All Time High in Lebanon as Fiat loses 90% value in 2 years
- Please never use leverage when investing in crypto. Your money can be wiped out in minutes.
- Be sure to avoid the upcoming CryptoScam CxCoin made by Ice Poseidon, watch this video and see for yourself what he thinks about his "own" coin. the Release seems to be today, be prepared! He will do a Rugpull like just like his buddy Sam Pepper did a while ago... Please Don't fall for it!
- Lex Fridman has done an outstanding service for the crypto space
- I own a small business. Now that I accept crypto, my profits are way up.
- I think BTC is playing dead so the bears go away.
- IOTA NFT marketplace launched on devnet
- Upcoming Ethereum upgrades and their Price Effects, explained in simple terms.
| Daily Discussion - July 13, 2021 (GMT+0) Posted: 12 Jul 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:
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| Posted: 12 Jul 2021 04:51 PM PDT I just have this little rant as people are so quick to jump on crypto with all the FUD even though it's a insanely smart and useful technology that will 100% be a part of our future and probably for the better of the world. But the media is jumping around giddy reporting on billionaires in space. People should get their priorities straight and stop being hypocrites. EDIT: should have put an /s in there somewhere cause of course I know the ocean being on fire has nothing to do with crypto mining. [link] [comments]  | ||
| It was not a 'hacker' who stole coins from the guy's Metamask Posted: 12 Jul 2021 04:35 PM PDT This is regarding the recent post about the guy who lost some 130k worth of savings from his Metamask waller because some "hacker" took it. This seems to be creating a lot of FUD because it could happen to anyone, right? Except there was no 'hack' that got someone into his wallet. He gave away his passphrase on a random site. That's like leaving your physical wallet at the bar and then saying a 'pickpocket' got it. Not going to give an opinion on whether it actually happened or OP made the story up, but it was worded to make it look like he was the victim of a hack. Which is not the case. This is just an obligatory FUD removal post. [link] [comments]  | ||
| Change my mind: Mining profits shouldn't be taxed until they are converted into a fiat currency. Posted: 12 Jul 2021 01:06 PM PDT I've been thinking about what my ethical opinion is regarding mining profits and taxation, particularly in the USA. My understanding is that the current tax law requires you to pay income tax on any crypto you earn via mining, at the current exchange rate at the time of earning the crypto. I kind of think that's bullshit. If you grow a carrot in your backyard, the IRS doesn't make you pay tax on that carrot based on the current market value of a carrot. It's not until you take that carrot to the farmer's market and sell it, (thus, converting it into US currency), that you have earned taxable income. If I use my own 'backyard' (ie, the computer hardware), and pay for the 'water' (electricity) to grow the carrot (mining rewards), then just hang on to the carrot, why am I being taxed on the carrot? When have I participated in the US economy besides buying the computer equipment (that I paid sales tax on), and paying for my electricity bill? When you buy a stock, if the price goes up, you don't pay capital gains tax on the current value of the stock at any given moment. You pay capital gains tax after you sell the stock. You haven't actually 'made money' until you've converted that stock back into money. This seems really obvious to me, but I might be missing some of the finer points. For example, crypto is in fact a currency, and not a stock, but at least in my 'mine and hold' strategy, I'm certainly treating it as a stock. [link] [comments]  | ||
| If you want to join me in watching metamask account get robbed by some asshole look below Posted: 12 Jul 2021 04:12 AM PDT My metamask wallet number is 0xc97603fc31d6e96C2A145EC44B369d5263470279 Some bustard who tricked me into clicking on a dodgy link (pretending to be tech support for SNX on discord) has taken half my wallet so far (about $130k). The rest is still there but disappearing slowly in front of my eyes. You can see all the transactions from this morning how he/she is cleaning up. Unfortunately there doesn't seem to be anything I can do other than jumping on the occasional ETH transfer they are making in so I can sweep it out. The only reason I haven't shared my secret phrase with the whole world is a quiet hope I might one day get it back. But if that's never going to happen maybe I should share it with you all. After all it would amuse me if someone else steals it before @scofield#0471 takes it all..... EDIT: I can see people asking why am I not moving the coins out. The answer is I really, really, really tried. However there seems to be script which instantly transfer the coins to a different wallet, no matter what I type in for gas fees or the address. So far I failed on ALCX, on YFI, on SLP, on AAVE - so I have given up as I don't know what to do a setting up a script myself is beyond my abilities. Whenever I add in ETH, all it does is makes its easier to the bastard to take my coins. So all I can literally do is watch right now. SECOND EDIT I was sent a link to a site which was going to validate my MM extension. The site looked real enough that I clicked on it and entered my security phrase. That was where I suddenly blew up 6 years worth of HODLing in one go…. THIRD EDIT Normally I am hyper sensitive to security and very very wary of online support from strangers. However, due to a rare combination of sleep deprivation from staying up late to watch the Euro 2020 final, and not paying attention when I should have I made the fatal error of falling for what is now obviously a elaborate con. I'm so used to clicking approve on Defi sites to connect to wallets that my guard has as down and this looked genuine enough. By the time I realised what was happening it was too late. I logged into MM from a MacBook as my original wallet was on pc, but it made no difference. They initially took 8 ETH, some sushi and old GNT I forgot to convert. With no gas fees the raid stopped. So I thought I would be quick and add a little gas and try and take some out. That didn't work - no matter what I big in gas fees it was either immediately outbid (lost my aave and STETH) or accepted and went to another wallet which I didn't recognise (lost my ALCX there). Later the fucker started liquidating my assets and put gas in to do this. I managed - and this was through the most frantic clicking and accepting any fucking gas bid at the highest price to transfer out the ETH to a separate wallet. I managed to get some out which slowed the attacks as there was no ETH to pay for the gas. This would happen every hour and I managed to get about 0.05 ETH LOL This was totally my mistake and not due to SNX, who to be fair, warn you not to do what I did. But I was tired, had sent a message to their tech support sub and instead of reading the warning, ignored it like a noob so yeah - I own this and it's my fault. To those of you who think this is fake, I hope it never happens to you. I had to take a day off work to watch this slow motion disaster - I am sitting with a sick feeling, with pounding chest and periodically start tearing up which I can only assume is a slow motion panic attack. I have told my wife who is understandably shocked. When it all goes, I get to tell the rest of family that I got fucked over through ONE SINGLE LAPSE OF JUDGEMENT. I posted this as a warning to the bulk of the community who could just as easily have fallen for the same I used to look down on exchanges but they all look safer as least they have 2FA which MM lacks. I'm pretty much done now with believing crypto will only change the world for the better and for the first time have been thinking, bring on more fucking regulation and make every wallet linked to an ID - that way one day I can find out the bastard who cleaned me out and will spend what I have left on justice. FOURTH EDIT Thank you so much to everyone for their sympathy and support. To those of you telling me I'm dumb /stupid / foolish for so much holding on MM, thank for the comments but after the first 100 I stopped reading them as they get dull quickly. It was a mistake to leave so much on MM and with hindsight, the fact that my ledger wasn't letting me connect to some Defi sites was an obvious flag rather than an obstacle. So since this afternoon, I was recommend the flashbots service on discord by some of you. With some (read massive) trepidation about using discord again, I posted my details and one of their whitehat guys Alex got in touch. I won't give all the details for now as he's still on the case but he already rescued just over 40 steth that was staked on curve as a ETH/STETH LP pool. I'm overjoyed as that's $85k that I had written off now back (and in a ledger before any of you ask). I'm hopeful as to what happens to the remaining $35k but it already feels like a fuck you to the thief. Thanks to those of you who told me some of my stolen money may have gone to kraken, I'm messaging them so I hope they can freeze the money and if I'm lucky even help ID the counterpart (not holding my breath though as I don't know ifs it's real and whether they will help or not). With respect to the site I clicked on, DM if you really want to know but I left it off here in case someone else clicks on it and makes the same mistake I did. I've got in touch with the domain hosts to ask for their help in identifying the thief. Obviously it not the best day in the world but feels a hell of a lot better than it did a few hours ago. FIFTH and hopefully final edit Thank you to everyone who has sent positive messages of support, both below and in the chat. They have really helped, especially at the start when I was super stressed with indescribable feeling of watching my account get emptied in front of my eyes and being powerless to do anything about it. The (useful) advice from people was helpful and I am especially thankful that the flashbots teams was recommended. Alex has been been awesome. After he verified that the account was actually mine he stepped to stop the bleed (and I appreciated the fact that both the groups on discord and even this sub want to fact-check this to make sure it's not a scam or a lie to flame someone). He set up a burner to remove incoming ETH which meant the thief couldn't take more as there was no gas on the account. He then started to work on moving out the remaining coins to a safe wallet. At the time of writing he's retrieved 117k from the 120k that was left (using this mornings prices). There's a bit left which will hopefully come over but given how much was taken this am, that's a rounding error on what I lost. For those of you who need his details DM or wait as I'll edit one last time and add his Twitter account when this is all over and I'm calm. He has been amazing and whilst they ask for a modest fee it's well worth it. Thanks to Kraken for reaching out and apologies to SNX if it looked like I was blaming them for my mistake. Hopefully Kraken can help but I'm also going to message a lot of the other exchanges too - anything I can do to make the money hard to get for the thief will make me happy and maybe it might even get him caught (but really not holding my breath on that). For those of you who keep wondering (1) no, I am not doing this for moon farming as making a few dollars and getting karma in no way makes up for a hit, (2) this isn't a new account. I've been on Reddit for years but am usually silent as the chats can get poisonous quickly, (3) even I knew it was risky leaving so much on a hot wallet but I have used MM for a long time and found Ledger to be challenging with some Defi. I really wish I had been more careful but that's done. I don't blame anyone other than myself and the bastard who stole my coins but wish MM had 2FA which would have killed this or a way to hard freeze your account instantly which again would stop the bleed and work out a recovery and (4) for all of you who are sitting on your high horse lecturing me on how dumb this is and why you should never use your private data online - I fully understand and agree with your point of view, as YESTERDAY I would have been like YOU safe in the knowledge that nothing like this would ever happen to ME….. It's been a hell of day but I'll be fine with time. [link] [comments]  | ||
| RIP to the underground moonbetting circuit. Posted: 13 Jul 2021 03:54 AM PDT Sadly today our beloved r/ccmoonbets got banned. We had a system for trusted sub users to have another use-case for their moons, our first and only bet was on the EURO final and everyone paid up as agreed with a max bet of 100 moons. Now reddit tells me having an illegal underground moonbetting circuit isn't allowed?! We mourn the degenerates that lost their home. [link] [comments]  | ||
| Posted: 12 Jul 2021 05:18 PM PDT
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| Too many people on Robinhood still! Do yourself a favor and get off that garbage. Posted: 12 Jul 2021 04:03 PM PDT When the ETH price glitch happened just a bit ago it really showed how many people are still on RH. Please do yourself a big favor and get off of RH. Don't forget the shady ass shit they pulled with DOGE and even with stocks like GME/AMC. Their mishap with the price charts shows that they're still incredibly incompetent. [link] [comments]  | ||
| Use custom wallet addresses (adam.wallet) instead of confusing public keys! Posted: 13 Jul 2021 05:20 AM PDT One of the best things I learned this year was you can create mint domain names (as NFTs aka ERC721 tokens) then point them at your own public keys. Someone can send ETH, BTC, Doge, XMR, (200+) tokens to the same domain "adam.wallet" and it all ends up in the corresponding crypto wallet. --- How? There are multiple routes but the best (I think) is through UnstoppableDomains since they don't expire. On their site find a domain you want, like Username(.x / .wallet / .crypto / .888 / .blockchain / .coin / .nft / .bitcoin), if it's not short it'll be around $20. Claim it in MetaMask for ~$10 in gas (*) then enter all the public keys to the wallets you own through their website. Now tell people to enter that domain into their wallet or exchange like Coinbase and hit send! --- Why? Instead of telling someone you'll email them your key, or, "hold on I'll get a QR code", you can tell them to send their crypto of choice to TorontoDonuts.crypto. It's easy, print it on business cards, spray paint it on your fence, as long as it's legible people will know what to do. I used to check my address 8 or 10 times before I'd move $15. Twice a week for months, I've probably spent an hour staring at my own key. I know it off by heart, but you know every time I think I'm right I have to check again to make sure anyway. Since I registered my own domain I just whip it into Coinbase and hit send, I don't have to triple check anymore because I know my name. --- What's the catch? If you register a domain with ENS(EthereumNamingService) you have to renew it every year. If you pay for one year at a time you have to pay gas every time you renew it so it's more than paying for multiple years at once. Not every wallet or exchange support sending crypto to ERC721 tokens. The most popular support it, Blockchain-com, Bitcoin-com MetaMask, Trust Wallet, Coinbase-com, Gemini, (etcetera) and more do yet there's a chance your friend's still does not. I'm not sure what happens if someone sends crypto through a non supporting wallet or if they're even able to. If anyone knows please add in a comment, I'd be grateful. Not every crypto is supported. Over 200 are but currently there's no way to set this up with safemoon... yet. Gas fees. When I did mine gas was around 10GWEI and cost around $11 per domain but gas has gone from 1-100 in this month. There's talk they'll be migrating to an L2 like Arbitirum or Optimism soon dropping the gas 90-99% and you'll be able to move custody of the NFT between chains and choose which to claim it on. Until then planning for the gas market is crucial, there's no mention of it on their sites until the moment before. UnstoppableDomains just added most of their TLD's like .wallet and .coin and those one's are on pre-sale right now (currently defunct.). Lots of people bought somename.tld and put on OpenSea for $10,000+ then UD's released somename.x for $40 lowering the return for those initial investors, leaving lots pissed unless they bought the new name's out too... There's nothing to say they won't do this ten more times, but they've only done it once (just last month) so on the bright side there are lots of great names still available. FWIW they did give an air drop in credits to people who made purchases before then to claim their name's over again. If you register your fullname.crypto and use it to send/receive funds from your other wallets they'll be tied and your name will show up in Etherscan, like any wallet but some people overlook this. I use my personal name domain as a savings account that only talks to an exchange, and other names for personal or business use. If you send from hookerslove.coin to yourfamily.wallet it'll be there until the end of Ethereum. If you want to move funds between wallets anyway and maintain privacy you can still use intermediary wallets and monoro. --- What else? You can use these for IPFS websites, that are decentralized and censorship resistant by nature. While they're set up as websites they still function as wallets.. It takes much gas and knowledge to accomplish this so it's not a great environment to learn in, but if you know-you know it's solid. Since they're NFT's you can trade them, if you land on VirtualSpace.x for $40 today who knows what someone will pay for it in 1-10 years. There are lots that sell for over 1ETH every day, though I'm too old to understand why. Personal wallets are my line. I don't know why more people aren't using them, I think it's only a matter of time before we all do.. If anyone knows any downsides please comment and share because to me this all looks good :) [link] [comments]  | ||
| The Cannabis Industry is RIPE for a blockchain. Posted: 12 Jul 2021 03:29 PM PDT I've seen talk here and there about how a Cannabis based Crypto Currency could be a huge boon. A Hash Coin, if you will. As a worker in the cannabis industry I wanted to shed some light on why this is a great idea and how useful a blockchain could really be. For starters, on the grow end, every single plant is tracked and catalogued from the day it reaches 6 inches in size. Phallic puns aside, getting every single plant tagged and accounted for is a massive use of man hours when working in a facility such as I do with over 3000 plants. Since every single plant must be accounted for, we also have to make an entry in the system upon creating, destroying and moving these plants. So, when its time to transplant everything from our Veg room into our Flower room, we have a man who's entire fucking job revolves around moving those plants in the digital system one at a time. If that seems excessive, its because it is. Now I'm just an over paid gardener ape, but even I know that our workload would be significantly reduced by the introduction of a blockchain to store and organize that data. But we still have to talk about dispensaries. This one is a no brainer: Use the Hash Coins for payment on the very blockchain used to keep inventory in dispensaries. Let me tell you. The inventory systems at dispensaries are fucked. Those of you who work in retail know how hard it is to keep on top of inventory, especially during peak business. Cannabis business never stops. It's a constant barrage of moving parts that are getting constantly jammed and hung up on one another. I would have to come in at 6 AM and do inventory for 2 hours every day while working at a dispensary. Fucking nightmare. Anyway, those are my thoughts about how a cannabis blockchain would be really cool and beneficial. I'm just an ape gardener, so I appreciate any feedback from all you wonderful people who understand more about the implementation of crypto. I just think it would be cool to buy a joint, scan a qr code, and know exactly where my weed came from. Also you know, fuck the banks. [link] [comments]  | ||
| Posted: 13 Jul 2021 03:54 AM PDT
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| Bank of America Analyst Raises Price Target of Bitcoin to $87,000 Posted: 12 Jul 2021 05:45 PM PDT Bank of America analyst on Monday upgraded Bitcoin to a buy rating and raised its price target to $87,000. "We've now hit a critical mass of institutional engagement [in crypto]. Everyone from the major banks to PayPal and Square is getting more involved, which is a loud and clear signal that crypto is now an official asset class," said Shabir Ally in Monday's Jim Cramer's CNBC interview. "I have yet to find somebody who has really done their homework on crypto assets that isn't truly amazed by the potential for the asset class." When Jim Cramer asked "But what makes a crypto like bitcoin—which has no income, no practical uses and high volatility—a good store of value?" Shabir Ally responded "because "the world has voted that they believe it is." He believes that institutional investors today should treat bitcoin as a macro asset, akin to gold. GS commodity analyst Mikhail Sprogis and Jeff Currie, Global Head of Commodities Research, for their part, argue that cryptos can act as stores of value, but only if they have other real world uses that create value and temper price volatility. This, they say, best positions cryptos whose blockchains offer the greatest potential for such uses, like ether, to become the dominant digital store of value. More broadly, Currie contends that cryptos are a new class of asset that derive their value from the information being verified and the size and growth of their networks, but that legal challenges to their future growth loom large due to their decentralized and anonymous nature. [link] [comments]  | ||
| Believe it or not, cryptocurrencies are not stored in crypto wallets. Posted: 13 Jul 2021 12:06 AM PDT The only things that are stored there are the private and public keys. The funds are recorded on the blockchain and can only be accessed by someone with the correct public and private key. Public keys are like bank account numbers, which are shared with people in order to receive transfers. Private keys are like your debit card pin code, allowing you to get into the account and make transactions. Without these keys, there is no way any transaction can be carried out. [link] [comments]  | ||
| Posted: 12 Jul 2021 01:03 PM PDT I'm referring to this post which was in the front page today. The user 007happyguy recently posted that a "scammer on discord " stole 130K worth of eth from a metamask wallet. But there are so many sketchy things about the post that make it very likely to simply be false. Heres why:
I'm not saying to be dead inside and compassionateless, but just be skeptical to stories on the internet, especially when they have no real proof and are trying really hard to convince you of something. This way you won't be gullible to fall yourselves for manipulation on online platforms, and would also be harder to fall for scams. I mean, it could have or not have happened, and regardless of if it did, considering the place we're in, always assume "this is false until I see legit proof, and there are many motives why someone would want to present a negative view of something for personal interest, or the interest of an organization, or whatever". In one day, and in one post, the sentiment of the sub can change, and the sentiment of a group of people is a strong force for the interest of a few. [link] [comments]  | ||
| Asked Robinhood when Crypto wallets were coming, and got banned. Posted: 13 Jul 2021 05:46 AM PDT I asked the Robinhood sub (very politely I might add) if they had any idea when crypto wallets would be added. I got banned for life, and the mod said and I quote "tired of this shit". I wonder how tired he would be if we all asked? [link] [comments]  | ||
| Without Banks, Cannabis Companies Are Turning to Crypto Posted: 12 Jul 2021 08:30 AM PDT
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| Posted: 13 Jul 2021 01:49 AM PDT There's a lot of minute-to-minute bear/bull swinging in this sub, but you guys have to remember the entire marketcap for crypto just 3.5 years ago was 250 Billion. We're 5x that now, with more defi startups and smart contract programmers every month. The world currency and debt markets are valued at 350 Trillion+ USD. Ignore the short term FUD. No matter the year or the market caps, FUD will exist. Kitco news will still be yelling about the uncertainty of bitcoin at 250K a decade from now, and the OldFi behemoths will continue to fight change. This is still the very beginning of a new age, and we're all here for it. [link] [comments]  | ||
| Posted: 13 Jul 2021 12:37 AM PDT Well, I thought it was already common knowledge, but just today a friend told me he got scammed in this way. I don't know technically how it works, however you get some strange token in your wallet. You never bought it, you just receive it. Usually it's a bep20 token so it works on the bsc. The first thing you think is "great! Free money! Let's sell this shitcoin and get some BNB in return" When you sell the token, you activate a smart contract that transfer all your other coins to the dev of the scam coin you got, or you just give away your private key. I guess the scam is in the exchange you need to use in order to sell the token. Usually you should go to a unknown website, connect your wallet and sell your tokens. I guess that's where you get scammed. Usually these coins can't get exchanged on pancake or other popular dex. So, if you receive a strange token, just hide it from your wallet. Maybe, but I'm not sure, you could just send it to another random wallet in order to burn it, but I don't know if sending it will activate some exploit that will scam you anyway. Maybe someone could answer about it in the comments. Edit: To be clear, I'm talking about not custodial wallets like metamask and trust wallet. If you have money in an exchange, scammers can't use this exploit to steal your money. However be careful because they could use other ways like discovering your password, but that's not related to this topic. [link] [comments]  | ||
| Bitcoin Searches hit All Time High in Lebanon as Fiat loses 90% value in 2 years Posted: 12 Jul 2021 01:24 PM PDT
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| Please never use leverage when investing in crypto. Your money can be wiped out in minutes. Posted: 12 Jul 2021 08:04 PM PDT Do not use leverage to trade crypto. If you don't know what leverage is, it essentially means borrowing money from an exchange or other service to buy crypto and increase the riskiness of your trades. Your potential returns are higher, but you also suffer a real risk of being liquidated, which is when your investments fall enough in value that the lender who you owe your money to closes your positions because they are afraid you will not be able to pay them back. I know several people who have had this happen to them within a few minutes, and they lost everything. Without leverage, at least you have the chance to hodl until it goes back up. Never use leverage to trade crypto. It is a dangerous tactic and can lead you to lose your entire investment within the blink of an eye. [link] [comments]  | ||
| Posted: 13 Jul 2021 01:24 AM PDT
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| Lex Fridman has done an outstanding service for the crypto space Posted: 12 Jul 2021 10:42 AM PDT The Lex Fridman podcast has 1.2m subscribers on YouTube and is the 14th ranked podcast on Spotify. Over the past several months, he has done a deep dive into crypto starting with the fundamental ideas behind it all the way down to specific use cases and potential threats. I took the dive about 6 months ago and began learning everything I could about crypto, and I wish I would have known about these talks. There is so much good information here, and it's discussed at a level that makes sense to normal people. I also think Lex is a stand-up guy, never spreading bullshit or trying to sell anything. All he wants to do is understand and help others understand. If you are considering learning more about crypto or if you have people on your life that want to learn, Lex might be a good place to start. [link] [comments]  | ||
| I own a small business. Now that I accept crypto, my profits are way up. Posted: 12 Jul 2021 11:08 AM PDT Just recently, I started accepting crypto at my business. Since then, my profits are way up, and I get a lot more customers. Hopefully others follow me and start accepting crypto everywhere. I even have some people see that I accept crypto, applaud me and then everyone starts clapping. My employees even get paid in crypto now. I really love crypto because of its decentralization and some coins for their privacy. So I recommend to everyone, if you are in the human trafficking business, start using monero and see those profits skyrocket. [link] [comments]  | ||
| I think BTC is playing dead so the bears go away. Posted: 13 Jul 2021 04:40 AM PDT Ever since i heard that we might be in a bear market i did some research on bears and bear attacks. So apparently Grizzly bears will be rather aggressive and attack you, the solution is then not to run or fight but to lay down cover your neck and play dead. It seems to me like BTC is utilizing his technique ro avoid the grizzly bears. Its playing dead by ranging in the 30s and once in a while makes a pump as a way to fight back against the black bears. Intereating to see this technique live on my screen. My research is based on this article : https://www.artofmanliness.com/articles/how-to-survive-a-bear-attack/#:~:text=Fight%20back.,ll%20usually%20just%20give%20up. [link] [comments]  | ||
| IOTA NFT marketplace launched on devnet Posted: 13 Jul 2021 01:34 AM PDT Showcasing IOTA's feeless technology. The IOTA NFT marketplace, developed by the IOTA community and launched today on the IOTA 2.0 DevNet, illustrates beyond doubt that the future of digital assets, including NFTs, is feeless, decentralized, green, and accessible to all. The IOTA Foundation has always had an aversion to fees, as it is our belief that they severely hamper potential business adoption and application of the IOTA technology. The fees paid for NFTs highlight the absurd heights these fees reach when the underlying technology becomes popular and the technical architecture cannot keep up with demand: in fee-based architectures, this usually leads to skyrocketing fees. Smaller, independent artists in particular cannot afford such steep prices and are thus excluded from participation in these new markets and ultimately from selling their digital artworks. Selling an NFT using Ethereum on one of the most popular NFT platforms, like Foundation, can quickly amount to more than 200 US dollars in fees. Not to mention the amount of energy Ethereum's underlying blockchain technology wastes with each transaction. Although currently available in test mode only, the new, community-built IOTA NFT marketplace promises a more accessible future for NFTs. Transactions are always feeless on the IOTA network, so this barrier is already gone. Minting fees are also negligible due to the IOTA Digital Assets framework. Only the commission of the IOTA NFT marketplace remains, as the infrastructure has to be powered in some way. All in all, the NFT solution based on the IOTA network will be significantly cheaper than any other existing solution and thus more attractive to all market participants. [link] [comments]  | ||
| Upcoming Ethereum upgrades and their Price Effects, explained in simple terms. Posted: 12 Jul 2021 09:38 AM PDT This post will be about explaining EIP-1559, Proof of Stake and Sharding in simplest terms possible without losing the technicalities. Also with Price Effects at the end of each section. EIP-1559 (Expected August 2021) : EIP means "Ethereum Improvement Proposal". The permanent solution for high gas fees is "Sharding"(explained below), but EIP-1559 is proposed as a temporary fix till then.
Proof of Stake (Expected 2021) :
Sharding (Sometime in 2022) :
Note to the elite tech people : If you guys think I made a mistake somewhere in the explanation or lost an important detail to generality..then please comment so that I can update it. It's already late here, I'll update as soon as I wake up tomorrow. Thanks for reading! [link] [comments]  |
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