Cryptocurrency New Moons Distribution (Round 15 Proposal) |
- New Moons Distribution (Round 15 Proposal)
- Daily Discussion - July 8, 2021 (GMT+0)
- This is Pro-Bitcoin Candidate Aarika Rhodes. She is Running Against Exposed Congressman Rep Brad Sherman Who is Trying to ‘Shut Down’ Crypto and Gets His Biggest Donations From Big Banks. He's Up for Re-election Next Year in 2022, and Rhodes is running against him in the Primary. Let's vote him out?
- Which is better: Buying Top Coins vs. Buying BTC & ETH - (a 6 years DCA case study)
- Visa wants to make crypto accepted anywhere you can use its plastic
- Governance Poll: Make mod's distinguished posts ineligible for moons
- UFC Inks $175 Million Deal With Crypto.com, Its Largest Sponsorship Ever
- Proposal to Sync Moon Distribution Cycles to the Lunar Calendar
- Moons Price has Increased over 50% in the last 7 Days, Outperforming all Top 50 Cryptos
- Mobile users, comment below and I will tell you how many moons you will get this month
- Bought a Premium Membership just so I could make this post.
- Shitcoin named after Elon Musks Dog gets Rugpulled Twice
- Scammers are people, too
- ShibaSwap does not offer staking , they are minting and burning 2 tokens at a 1:1 ratio which results in you getting nothing
- Friendly reminder that Coinbase Pro is free and has lower fees than regular Coinbase!
- I gathered a list of different fallacies that can/will cloud your trading decisions, which I think everyone should be aware of - and tried to apply it to crypto.
- The price of MOONs is almost meaningless right now
- Robinhood Crypto to Pay $15M Fine Over Security, Anti-Money Laundering Issues
- US Senator Pat Toomey Acquires BTC and ETH. First US Senator on Record Investing In Cryptocurrency.
- F**k this whole corrupted fiat system
- Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%. WATCH OUT!
- 21 Accounts received maximum karma for Moons this month. Let's see how they did it.
- Algorand Partners with Crypto Custodian Copper to Grow Its Escosystem
- Whenever I buy it dips
- 82% of Institutional Investors Plan to Increase Cryptocurrency Purchases
- We always ask "wen moon", but what if a ledger containing a token is literally sent to the moon?
- Chinese State Owned Banks continue to Push Centralized Digital Yuan with built in Surveillance Features, but Citizens do not show expected Interest
New Moons Distribution (Round 15 Proposal) Posted: 07 Jul 2021 02:41 PM PDT Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community. Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish. This distribution is based on karma earned from 2021-06-09 to 2021-07-06. Here is the data. To propose an alternative distribution:
The contribution scores for this round will be finalized on 2021-07-14. Any poll proposing an alternative needs to be completed by then. After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people will be able to claim their Moons through the Vault in the Reddit mobile app. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Daily Discussion - July 8, 2021 (GMT+0) Posted: 07 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: 07 Jul 2021 11:09 AM PDT
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Which is better: Buying Top Coins vs. Buying BTC & ETH - (a 6 years DCA case study) Posted: 07 Jul 2021 03:43 PM PDT Inspired by this post, I built a script to analyse if you DCA'd blindly in the top crypto coins vs. investing in BTC & ETH vs investing only in BTC since the beginning of 2015, how much would your total worth is. Here are the results. Numbers & assumptions:
Here are the results:
Some observations:
If you want more details, here is what your wallet would look like in each case of the above: https://drive.google.com/file/d/1-aRmJBZlb9azXHODN3WFkIVzwxepH3GV/view?usp=sharing, https://drive.google.com/file/d/12v45_cy4hNSiEklZj042SDsgfnKObr4i/view?usp=sharing, https://drive.google.com/file/d/1EwFvusdGrOVdagvXqAXrAw0BTUZmKowG/view?usp=sharing, https://drive.google.com/file/d/1R8hZs7IYED8ksjyera37gWJLzRzcPAXE/view?usp=sharing, https://drive.google.com/file/d/1bRijSf8sZ9J3bIGBY-iiGAQjgbL-vPzu/view?usp=sharing, https://drive.google.com/file/d/1k4ONNzFqXJ96t9S2xKR8SD88VSMBXYim/view?usp=sharing, https://drive.google.com/file/d/1o_7Nd8TcyfkVS2-OUAvStObUjk-x4j0c/view?usp=sharing, https://drive.google.com/file/d/1xIZv0DpMBO18LgHg-OFKo41WgHiYRFUf/view?usp=sharing, https://drive.google.com/file/d/1yGKbXeS6DZic6A1PmM5sGA2A3CZOyzUp/view?usp=sharing IMPORTANT NOTE: This whole case study was a fun project and i was trying to answer some questions and thought to share it with you in case that would help you in any way. Also it's important to not that history does not dictate the future, so please take all of what I present here with a grain of salt. Much Love! ❤️ [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Visa wants to make crypto accepted anywhere you can use its plastic Posted: 07 Jul 2021 06:13 PM PDT
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Governance Poll: Make mod's distinguished posts ineligible for moons Posted: 07 Jul 2021 01:47 PM PDT Distinguished posts are submissions or comments posted by a mod or admin, which they choose to highlight to indicate that they are speaking officially (such as this one for example). On old.reddit this may be a green highlight behind the username or green [M] next to it. On new.reddit and mobile, this is usually a green shield next to the username. For admins, this is usually a red highlight. It was the understanding of most mods that distinguished posts were already ineligible for moons, which makes sense because mods have their own part of the moon distribution for their official actions. However, it was recently clarified by admins that sticky posts that are ineligible, and distinguished posts are considered for moons just like any other. I can't think of any reason for our official posts to be eligible for moons, so I would suggest changing this policy Original Pre-Proposal: https://np.reddit.com/r/CryptoCurrencyMeta/comments/oceyc9/preproposal_make_mods_distinguished_posts/ Thank you for your consideration and please let me know your feedback about this idea [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
UFC Inks $175 Million Deal With Crypto.com, Its Largest Sponsorship Ever Posted: 07 Jul 2021 04:09 AM PDT
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Proposal to Sync Moon Distribution Cycles to the Lunar Calendar Posted: 07 Jul 2021 03:06 PM PDT [GOVERNANCE POLL] First Mentioned Here I Propose that the moon distribution to happen in accordance to the Lunar Cycle/ Lunar Calendar. Not only will this be really cool, this would do away with redditors constantly asking "When Moon", in other words, one can simply look up the Lunar Calendar, or Google, "When is full moon day" The Snapshot Day can be the First Quarter, and the Distribution day can be the Full Moon Day. As can be observed Here Abovementioned 2 days have a time-gap of around 7 days between them. Perfect for the Governance Polls. Edit: In order to make sure everyone gets the moons at the same time, If this Poll is a success, the Mods can select an arbitrary place on Earth as a point of reference for Moon Observation. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Moons Price has Increased over 50% in the last 7 Days, Outperforming all Top 50 Cryptos Posted: 07 Jul 2021 10:42 AM PDT
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Mobile users, comment below and I will tell you how many moons you will get this month Posted: 07 Jul 2021 03:37 PM PDT Moons distribution sheet was just posted with a karma ratio of .304 moons/karma. If you're on mobile and can't view the CSV sheet, I'll help you out by searching for your name and calculating the moons earned for you! :) EDIT: Thank you to u/prolific_ideas for tipping me 1 moon! [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Bought a Premium Membership just so I could make this post. Posted: 07 Jul 2021 02:18 PM PDT Why? Because it's comedic. I don't have the necessary karma to make posts so I just decided to contribute and put my middle fingers up and buy a membership instead. Thanks to u/Ndivided132 for the tip to buy it for $4.99 on my laptop instead of the 1,000 moons option on mobile! [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Shitcoin named after Elon Musks Dog gets Rugpulled Twice Posted: 07 Jul 2021 06:34 PM PDT
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Posted: 07 Jul 2021 11:12 PM PDT
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Posted: 07 Jul 2021 06:12 PM PDT Shiba Inu token has launched their own swap similar to uniswap. It now offers staking but not in a traditional sense, instead users deposit Shiba Inu tokens which are then locked, and those users are given newly minted tokens named xShib, which they can later come back and use to redeem their original tokens. The site claims they earn rewards for staking but based on my findings this is not the case at all. I am not here to to spread fud, but the lack of transparency with this is a big red flag for me. There is no Certik audit as they have claimed is underway for over 2 months now, there is no documentation site, no faces on the project, and no links to any of the contracts which people are using. Through some deep digging I was able to find this live contract for xShib . Click 'contract' on the page and then the code tab and you will see the functions I am about to highlight:
So this part of the function is taking the amount of Shiba inu token you want to deposit as an argument, then it gets the total amount of xShib already in existence as well as Shiba Inu locked in the contract, which at the time of this post is around $380 Million dollars and around 45 trillion tokens. It then does the following:
uint256 what = _amount.mul(totalShares).div(totalShib);
Take note of the variable 'what' I highlighted bold. Now take a look at this page of the contract , specifically the total supply of xShib in the top left , its around 45 trillion, the almost exact same amount locked in the contract. You can verify first link I provided again, and click the drop down in the top left where it shows the value in the contract and check how many ShibaInu are in the xShib contract, its almost identical. (Also RIP to whoever sent .72 LEASH to this address, thats around $1800 to never be seen again) The section in bold is the important part, the function is taking the amount you want to deposit, multiplying that by the total supply of xShib, and then dividing that by the total Shiba Inu in the contract. Since its minting the amount someone deposits you'll only be getting back what you put in. This is obvious once you get to the next function for when you want to withdraw: Method 2 - Leave - return your xShib tokens and redeem your Shiba tokens.
uint256 what = _share.mul(shib.balanceOf(address(this))).div(totalShares);
Again the important part of the code is in bold, this function is passed a parameter which is _share , share represents how many xShiba tokens you are depositing back into the contract as you call Leave. It then does a calculation of your return in the 'what' variable which can be simplified as followed: Analysis: After the calculation the leave function calls Edit: Seeing a couple comments asking for the code, here it is There are 55 total lines in the buryShib contract , and 4 other files which are OpenZeppelin libraries (standard for most tokens). [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Friendly reminder that Coinbase Pro is free and has lower fees than regular Coinbase! Posted: 07 Jul 2021 04:58 AM PDT Apparently not everyone seems to know this, but if you use Coinbase, you can switch to Coinbase Pro for free and enjoy lower fees there! Afaik you can't stake on CB Pro, but you can buy and then transfer to regular Coinbase. Edit: Great tip from u/aladdinr for those concerned about the longer transfer times:
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Posted: 08 Jul 2021 12:18 AM PDT Anchoring: The first thing you judge influences your judgement of all that follows. "The price just dumped/pumped, must be a shit/great coin" Confirmation bias: You favor things that confirm your existing beliefs "This guy says my biggest holding will pump so he's prob right" Backfire effect: When your core beliefs are challenged, it causes you to to believe even more strongly "The price is dumping, a huge pump must be imminent!" Declinism: You remember the past as better than it was, and expect the future to be worse than it likely will be "2018 was great, everything was green even when it crashed!" Sunk cost fallacy: You irrationally cling to things that have already cost you something "Yes its an obvious rug pull but I'm down 5% so I cant sell now" Dunning-kruger effect: The more you know, the less confident you will be (and vice versa) "I've been in this game for THREE DAYS, I think I know a thing or two about spotting a bear trap" In-group bias / (bandwagon effect) You unfairly favor those that belong in your group / Ideas, fads and beliefs grow as more people adopt them "Everyone in my BTC 2 DA MOON FB group / mainstream media says it will reach 1m so it must be true" The Halo effect/authority bias How much you like someone, influences your other judgements of them - we trust and are more influenced by the opinion or authority figures "Elon says pump, I say how high!" Belief bias; If a conclusion supports your existing beliefs, youll rationalize anything that supports it "Mcaffee says BTC will reach a million? I concurr" Groupthink: You let the social dynamics of a group situation override the best outcomes "/r/CC says it's a bear market, time to sell everything!" Optimism/pessimism bias You overestimate the likelihood of a positive/negative outcome "I'm OK with the events that are currently unfolding" / BTC dropped 10 bucks crypto is dead!!" Reactance: Youd rather do the opposite of what someone is trying to make you do "DCA ey? All. In." Curse of knowledge: Once you understand something, you presume it to be obvious to everyone "Once POW migrates to POS the ethernet wallets will algoritmically softfork and consensus the solidation price" Self serving bias You believe your failures are due to external factors, yet youre personally responsible for your successes "I'll have you know I bought DOGE at the perfect fibonacci, it would pump if it werent for the power outage in Mogadishu" False consensus: You believe more people agree with you than what is actually the case "11 upvotes, I must be onto something big!" Naive realism / Blind spot bias You believe that you observe objective reality, while everyone else is irrational, uninformed or biased / We dont think we have bias, and see it in others more than ourselves "Damn all these paid shils shitting on the FreeWilly coin!" Gamblers fallacy: You believe future outcomes are affected by past events "BTC will dumps/pumps again when Chinese New Year" Survivorship bias: We focus on the things that survived a process and overlook the ones that failed. "All the current top 10 coins were on my watchlist at one point. It's a gift" Cryptomnesia We mistake real memories for imagination I dont have an example for this, just loved the name lol Clustering illusion We find patterns and clusters in random data "BTC always pumps the third tuesday within a week before or after it rains" Fallacy fallacy You presumed that because a claim has been poorly argued, or a fallacy has been made, that the claim itself must be wrong "This reddit post says I just think BTC will pump cause it confirms my existing beliefs, so it will prob dump" There are heaps more that are applicable to trading, but it already got way longer than intended. Please do add any additional ones in the comments or correct me if ive got some wrong (narrator: he had). Merry unbiased trading! E: More from /u/il_duomino Defeatist Assumption there's nothing else you can do but wait "The market is down by so much, my investment is so much smaller than I thought. It's nothing. I'll leave it for now. Maybe forget about it. At least not look every day. Better days will come .. maybe.." Flipflopper You can't decide on one strategy and instead change every couple weeks "This is a dip. So I'll DCA... Oh no, it goes real deep. I'll sell.. Ah we're going up! Fuck DCA, ALL IN! Ah, we've plateaued! Great a new resistance. More money! Ah crap, it's dipping.. I'll sell some.." [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
The price of MOONs is almost meaningless right now Posted: 07 Jul 2021 04:56 PM PDT I've been seeing a lot of posts talking about the price of MOONs recently, perhaps because we're getting close to a new distribution. But lost in a lot of the comments is the fact that the price of MOONs right now doesn't mean much for a few reasons:
All this is to say that I'd encourage members of this sub to stop paying so much attention to the price of moons for the time being. Once it hits some exchanges with real volume we'll have a much better sense about how much our shitposting has earned us. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Robinhood Crypto to Pay $15M Fine Over Security, Anti-Money Laundering Issues Posted: 07 Jul 2021 09:57 PM PDT
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US Senator Pat Toomey Acquires BTC and ETH. First US Senator on Record Investing In Cryptocurrency. Posted: 07 Jul 2021 12:18 PM PDT | ||||||||||||||||||||||||||||||||||||||||||||
F**k this whole corrupted fiat system Posted: 07 Jul 2021 11:22 PM PDT Everything is getting more and more expensive thanks to our corrupted economy. I just can't wait till I leave my 9 to 5 job one day. I hope we all play a part in making crypto more mainstream. Our gov is corrupted to the core and they're making leading our economy to a disaster. I hope things like these change once crypto becomes more wide spread. Sorry, I'm just pissed after so many bills popping out of nowhere for me this week. My rent just went from 1200 to 1600. It was 850 when I first moved in. it was increasing every year but this year it just went over the roof. Decentralization is the only solution to stop our corrupted gov from abusing our money's value. I'm pretty sure a lot of you here are facing similar issues and some are facing even worse issues. I hope we all make it to the other side. Hopefully, I mange to keep a roof over my head by the end of this year, I'm just a kid who's trying to survive in this stupid economy. Let's push crypto forward and have it more mainstream, If you own a business, consider accepting crypto. Whenever you're paying for something, always ask if they accept crypto so even if they don't they might consider it. I know this isn't much but hey, better than nothing. Again, sorry if this post is stupid, I'm just trying to let off some steam. Love y'all. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%. WATCH OUT! Posted: 07 Jul 2021 11:50 PM PDT
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21 Accounts received maximum karma for Moons this month. Let's see how they did it. Posted: 07 Jul 2021 03:17 PM PDT I did this a while ago and people seemed to get a kick out of it. It's best done on the day of the snapshot. Go to a user's profile and sort by "top" and then "month" to see what earned them karma for that month. 15,000 karma is the cap, which in this distribution is 4,560 Moons. That equates to $376.54 in today's prices. The latest distribution snapshot is here: https://www.reddit.com/r/CryptoCurrency/comments/ofss7k/new_moons_distribution_round_15_proposal/
So that's that then, quite a change from the last time I did this where easily the top way to earn max karma was to post links. Now it seems like only 3/21 accounts managed to get there with links. By far the most common method of maxing karma appears to be dropping in a few decent comments in threads. Another change from last time I did this was there were a lot less comedy-oriented comments. Being genuinely helpful or offering a hot take on the industry seems the best method for success in the Jun-July period. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Algorand Partners with Crypto Custodian Copper to Grow Its Escosystem Posted: 07 Jul 2021 07:57 PM PDT
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Posted: 08 Jul 2021 02:18 AM PDT So, guys I was waiting all along for a dip from last 10 days and literally when I didn't buy it was pumping all along. I got fed up and bought at $35000 and since then it started dumping. Happens with me all time. Next time I'll be giving you guys a little heads-up. Lord, I suck at crypto. [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
82% of Institutional Investors Plan to Increase Cryptocurrency Purchases Posted: 07 Jul 2021 05:09 PM PDT
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We always ask "wen moon", but what if a ledger containing a token is literally sent to the moon? Posted: 08 Jul 2021 12:19 AM PDT Astrobotic Technology, the largest NASA contractor, has just partnered with a crypto project (not DOGE) that will send a ledger as payload on their peregrine mission one late 2021 / early 2022. What do you think would its impact be in the CryptoCurrency industry? The time Elon Musk announced that he's planning to do it, it got worldwide media attention. I think if this ledger on the actual moon becomes successful, it will be all over the media bringing a spotlight to the CryptoCurrency industry. Would you consider it a milestone, bringing a whole new meaning to "wen moon" posts? [link] [comments] | ||||||||||||||||||||||||||||||||||||||||||||
Posted: 07 Jul 2021 03:53 PM PDT
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