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    Cryptocurrency Daily Discussion - August 22, 2021 (GMT+0)

    Cryptocurrency Daily Discussion - August 22, 2021 (GMT+0)


    Daily Discussion - August 22, 2021 (GMT+0)

    Posted: 21 Aug 2021 05:00 PM PDT

    Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating.


    Disclaimer:

    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 The prior exemption for karma and age requirements is no longer in effect.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
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    Cointest Updates: Winners, adjustments, and rounds ending.

    Posted: 21 Aug 2021 09:41 AM PDT

    Hello r/CryptoCurrency, following up on our announced updates to the Cointest competition, we wanted to congratulate the most recent winners.

    As a reminder, the r/CryptoCurrency Cointest is a recurring competition to crowdsource the best arguments in support of or against a crypto topic by awarding Moon prizes to the winning contestants. The end goal is to provide r/CC readers with a balanced source of quality information for cryptocurrency research.

    Updates

    Winners - Coin Inquiries

    The Coin Inquiries round ended on July 31st and a total of 7,350 moons have been paid out to the winners listed below.

    Topic 1st 2nd 3rd
    VET Con FrogsDoBeCool Interesting-Engine34 olderfucker1
    VET Pro idevcg FrogsDoBeCool Hsiang7
    XLM Con FrogsDoBeCool idevcg Interesting-Engine34
    XLM Pro StonedJourney FrogsDoBeCool Interesting-Engine34
    NANO Con -_Potato Shippior axatar
    NANO Pro t3rr0r MIS-concept metaManEmpiricalLand
    Moons Con wanderingcryptowolf pseudoHappyHippy Atcvan
    Moons Pro Atcvan idevcg axatar
    XMR Con idevcg Wargizmo tpault
    XMR Pro MrMoustacheMan Awhodothey FrogsDoBeCool
    LTC Con metnavman FrogsDoBeCool idevcg
    LTC Pro metnavman FrogsDoBeCool pmbuttsonly
    IOTA Con Blendzi0r Atcvan FrogsDoBeCool
    IOTA Pro FrogsDoBeCool I_am_fed_up_of_SAP idevcg

    The new Coin Inquiries round has been live for two weeks. Therefore as per the rules, contestants are allowed to copy arguments from the prior round, like the ones above, and reuse them in the current round if the original authors haven't done so already. The usernames of the original authors must be cited in the copied arguments.

    Team Additions

    u/CryptoChief has recruited an additional two administrators to help with the project:

    /u/MrMoustacheMan and /u/IHaventEvenGotADog are now joined by /u/_martinshkreli_ and /u/FrogsDoBeCool in their duties such as judging, maintaining AutoMod rules, answering modmails at r/CointestAdmin, updating the archive, etc.

    If you're interested in joining the team, click here for details.

    Category Change

    • After soliciting input from the community, we renamed the Community Favs category to Coin Inquiries. If you want to request a coin to be added to the next Coin Inquiries round, submit a post on r/CryptoCurrencyMeta so it can be publicly discussed with the team and the community.

    • The General Technology category might be changed to General Ideas in September. The intention is to make it a broader category so it can cover other engaging topics like inflation, regulation, privacy, ETFs, etc. The technology topics will still be included.

    Reminders

    • The registry collects all rounds open for participation in one place.

    • The archive lists out all current and closed topics. Users can find prior threads on a topic to help refine their arguments (or to help with DYOR).

    • The policy section outlines Cointest rules and guidelines.

    Rounds Ending Soon

    The soonest round to end will be this month for the General Tech category. Topics registered for this round are:

    If you'd like to participate in this category, submit an argument before the end of the month.

    submitted by /u/CointestAdmin
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    For those of you who weren't here during the bear market, Cardano dumped from above $1 to $0.03 and no one talked about it because they had delivered nothing but empty promises for 3 years despite intense marketing and hundreds of millions of dollars in funding. Do you really think anything changed?

    Posted: 21 Aug 2021 09:03 PM PDT

    The main focus throughout the bear market was the development of the Ethereum ecosystem. That is why the most popular dApps are all currently comfortably situated on the Ethereum main network. Yes, Ethereum's price dumped during the bear market as well, but the OGs in the space and all of the developers kept their eyes laser focused on the development happening within the Ethereum ecosystem.

    I personally believe there are several solid alternatives to Ethereum (Polygon, Avalanche, Solana), but unless such networks have built a bridge to Ethereum, they likely will not survive. That is why all of the chains I mentioned were forced to develop bridges to Ethereum because no developer in their right mind would leave the Ethereum ecosystem for a risky sidechain or other layer 1 network. I do not think Cardano will be any different, but this is just my opinion.

    Unless someone can tell me otherwise, I am not aware of any actively used dApp that has committed to migrating from other chains to Cardano. Unless you see the likes of Uniswap, Aave, Compound, MakerDAO, Synthetix, USDC, and Yearn talk about migrating to Cardano, there really isn't anything to talk about with regard to "Cardano killing Ethereum". Hint: they'll never migrate.

    I'm posting this because I'm getting sick of the manic Cardano threads where bagholders are desperately trying to get others to buy so the price goes higher and they can sell. Yes, they are scheduled to release smart contracts soon, but the biggest question remains, who is going to use their platform? I have seen extraordinarily innovative developments being made on Ethereum, Polygon, Avalanche, Solana, and those did not happen overnight and it's hard to imagine people just packing up their bags and leaving to work on Cardano.

    To all of the people about to yell at me for making another "Cardano is overhyped post" I want you to take a good hard look at yourself in the mirror: have you ever actually used Ethereum? Polygon?Avalanche? Solana? Have you ever actually used a decentralized exchange, lending protocol, NFT marketplace/game, or provided liquidity to these networks? I have. I've done all of it. So do you really have the perspective to be arguing about "Ethereum killers" and how "great" Cardano will be when you don't even have experience with engaging and interacting with smart contracts?

    Where is all of your hype really coming from, the echo chambers on Twitter and Reddit? I'm asking because I fell for the same "academic scientific approach" marketing in 2017 and it's just the same cycle over and over again - Cardano is great at making money during bull markets, but not very good at delivering promised products, but I really hope I'm wrong this time.

    !remindme 8 months

    EDIT: Maybe some users in the comment section can look at one another and realize that there is not a single rebuttal to my technical points. Every post is about price action. Will Cardano potentially make you some money this bull run? Sure, that is, if you aren't stuck holding bags while everyone sells the top. But please, let's stay on topic. Present some counterarguments related to the actual utility of the network.

    EDIT 2: People should be aware that there was very similar hype surrounding Cardano leading up to the Coinbase listing date (March 16-18), and the hype pump peaked at 1.38 (ATH at the time) on March 17, dumped to 1.24 (-10%) by March 18, and continued to dump to 1.06 (-25%) by March 24. Sure, it kept going up, and we may see a similar "pump, dump, pump" related to the smart contract release, but the "pump" following the "dump" all depends on execution and whether people actually care to use Cardano's platform.

    EDIT 3: Thanks to a great comment by u/BornToBeHwild, I learned that Cardano is already developing and supporting an Ethereum bridge (https://iohk.io/en/blog/posts/2021/05/17/bringing-erc20-to-cardano/), which proves my point entirely - Cardano won't "kill everything in this space", they are already building measures to integrate with the existing ecosystem and adapt, so maybe it's time to stop saying it will end all of the progress that has already been made in decentralized finance and media and take over the world.

    EDIT 4: I realize that my post is very triggering and I will edit the language a bit to emphasize the points I'm trying to make and remove some of the more triggering elements. Sometimes you forget in all of the mania that people have money at stake and I by no means am trying to "FUD" Cardano. I have friends and family who own this coin and I actually like Charles as he introduced me to a lot of the concepts I learned about in this space through his videos and lectures. I hope Cardano succeeds.

    The point of my post was that people need to understand there already a ton of great, functioning products out there that all promised similar "Ethereum killing" capabilities that ultimately had to adapt and integrate with Ethereum in order to remain relevant and I do not think Cardano will be any different (see EDIT 3). Just trying to set expectations, especially for newcomers who are probably feeling FOMO for Cardano and are tempted to buy it while it's up x2 it's 2017 ATH and at the peak of its bull run. I'm not saying it won't go higher, but I do think the mania can be harmful for people who are just getting into the space now.

    EDIT 5: I want to bring attention to a comment in this thread made by u/Bwahehe, which is not getting enough upvotes and perfectly articulates the point I am getting across:

    ETH is like Manhattan. Horribly crowded with insane traffic, but they're doing a ton of business.

    Cardano is like someone selling a potentially lucrative spot of land but absolutely no businesses are there yet. They promise that they'll finish the roads in a month or two but they'll be some damn amazing and scientifically proven roads.

    Most up and coming smart contract coins promise massive highways and roads but nobody knows if the roads and bridges are really safe to drive on and only hydrogen powered vehicles approved by them are allowed on the roads.

    EDIT 6: I'm trying to respond to everyone but this is exploding... Also, I keep getting accused of "missing" Cardano or "buying it high" or something. Guys, look at my username. I'm all about The Graph (GRT).

    EDIT 7: I've been reading more and being a bit more selective about commenting back since there are just too many to keep up with and every time I refresh there's 50 more, but I'm really happy to see that the comments have shifted from price to actual discussion. Great to see! This is what r/CryptoCurrency should be all about! I like ADA, I like Charles, I want it to succeed for reasons I mentioned above.

    This isn't meant to be a tribalistic war-igniting trigger post. I just think it's time to have real discussion on this sub and Cardano is the hottest topic because it is leading the bullrun in gains. Stop getting so bent out of shape, my post is not going to cause Cardano to dump, nor is it an attempt to provoke a dump. I think this is a great place for newcomers and old schoolers to join one another and discuss what they know. It's also a great opportunity for Cardano followers and supporters to counter my arguments and present their points and why they believe in the project - remember, I have not really kept up with Cardano since 2017, so I can totally be wrong about a lot of things and I accept that! The point is, this thread was a success because it reminded thousands of users here that we can still engage in high level discussions and not everything has to be about price and driving lambo rockets to the moon.

    Just want to thank a few posters for their great comments including u/orangeblack07 (here), u/todayismycheatday (here), u/cali_dave (here), u/OhIamNotADoctor (here). There are so many great comments, but as you can imagine, my inbox is absolutely obliterated and I need to go to sleep lol, so give these guys the upvotes they deserve!

    EDIT 8: Last edit (I hope). Some great discussion ultimately ensued and I appreciate everyone who made thoughtful posts. I definitely don't appreciate the attacks on my character and assumptions about who I am as a person, but I guess that's part of making controversial posts like this. Had no idea it would blow up so much and did my best to answer as many comments as I can. I really hope everyone knows that I do like ADA, I do like Charles, and I hope Cardano succeeds (though I think I've already mentioned this in another of my 45 edits). I was just hoping to stimulate some actual discussion on a subreddit that is in dire need of it. Thanks for engaging me. Till next time!

    submitted by /u/graph_marine
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    Man who Invested $40,000 in SafeMoon has already Lost $33,000

    Posted: 21 Aug 2021 05:35 PM PDT

    Bitcoin is on the verge of closing out 5 green weeks in a row. Last time this happened BTC went from $10K to $64K. We may be at the start of a new bull super cycle.

    Posted: 21 Aug 2021 11:06 PM PDT

    If Bitcoin holds above $44K today it will close out the 5th green week in a row. The last time this happened was in October-November 2020. After that the price went from $10K to it's ATH of $64K. Now we are tracking in the same direction and this could be the start of a new bull cycle that takes us back to ATH and maybe even to $100,000 Bitcoin.

    If you missed out buying in July 2021 at the very start of this bull run, the second best time to buy is now. Last time BTC ran for 7 weeks in a row and it was only the start of a huge 600%+ rally. So even buying now may only be the start of the bull cycle. Stack those sats while you can!

    submitted by /u/PunPryde
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    Elon Musk and Mark Cuban are shilling Doge to hijack crypto and turn it into PayPal. We have to reject this billionaire invasion of crypto

    Posted: 22 Aug 2021 12:33 AM PDT

    Elon Musk's goal with every project he ever got into was to hijack it and say he founded it. He got kicked out of PayPal trying to hijack it. He's still mad about that. He hijacked Tesla and said he founded it. He's trying to hijack crypto using Doge.

    Remember he said exchanges can be second layer for Doge? That's Robinhood. All this time the smartest minds were trying to scale blockchains and nobody came up with this idea. What a genius!

    Everytime he talks about crypto he makes it clear he hasn't got the first clue about it. Elon wants to turn Doge into PayPal. Mark Cuban is going to be his sidekick.

    Poor Doge was at least decentralized when it was a joke. It's about to become a plaything for a couple of narcissistic billionaires. Now it's a bad joke in the most evil sense.

    submitted by /u/KAX1107
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    You are in the top 2% of users in this subreddit if you have your vault opened.

    Posted: 21 Aug 2021 10:55 PM PDT

    1. The Numbers

    Considering the number of vaults opened was 70k a couple months ago, data suggests we would have around 80k vaults today. Currently as of August 22, 2021 there are exactly 3,352,923 members in r/CryptoCurrency. A quick calculation shows us that 70,000/3,352,923 = 0.02385. Thus, only about 2% of users in this subreddit actually have their vaults open.

    2. What Is A Vault?

    Vaults are Reddit's very own built in wallets used to store community points such as our beloved moons! Users who have their vaults opened are eligible to receive moons from distributions and can receive/send moon tips to other users.

    3. How Do I Open My Vault?

    For the un-vaulted, open the Reddit app on either iOS or Android and click your profile picture in the top-left corner of the app. From there you will see a "Vault" option in the drop-down menu, click that and create your vault. MAKE SURE YOU WRITE DOWN YOUR SEED PHRASE AT THIS POINT. I've seen so many stories of Redditor's losing access to their account and unfortunately never being able to recover their moons. Don't become another number in the amount of users who lost their precious moons.

    submitted by /u/FortniteRice
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    Your daily dose of Crypto

    Posted: 21 Aug 2021 05:32 AM PDT

    Your daily dose of Crypto

    1. The total market cap has risen 2.7% in the last 24 hours and stood at $2.16 trillion.
    2. The price of BTC breached $49k for the first time since May crash and ETH is testing resistance at $3.3k.
    3. Among the altcoins, AVAX is up by over 25% and 150% in the last 24 hours and 7 days respectively.
    4. The Swedish government has given back a jailed drug dealer over $1.5 million worth of BTC, after it appreciated in value since his arrest and its seizure.
    5. The SEC has drawn a settlement of over $12 million with some of the BitConnect promoters, who were involved in $2 billion Ponzi scam.
    6. Luna Yield, a DeFi protocol on Solana has allegedly executed a rug pull of over $8 million after its website and social media accounts goes offline.
    7. VanEck and ProShares have pulled back their proposals for Ethereum futures ETFs after filing them last week.
    8. Binance has suspended futures contracts trading in Brazil to comply with local regulations. Earlier, similar suspensions came into effect in UK and Australia.
    9. Marvel has launched its first NFT digital comic books on VeVe, which includes the first appearances of Loki and The Fantastic Four.
    submitted by /u/Aegontarg07
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    Shiba Inu price frustrates bullish ambitions, as SHIB allure fades

    Posted: 21 Aug 2021 02:58 PM PDT

    "If you don't find a way to make money while you sleep, you will work until you die."

    Posted: 21 Aug 2021 02:11 PM PDT

    Complete financial freedom. That's my end goal in life. To no longer have to worry about money. To not have to look at prices. To stop having to slave away at work for another day. And maybe even get one of those fancy Japanese toilets that have heated seats.

    There's 2 ways to make money in your sleep. One is the investor kind, where you make passive income from your investments. The other being one of those twitch streamers who stream themselves sleeping. I personally am not attractive enough to make any money streaming me sleep, so I chose the former.

    And I'm slowly getting there. I stake all my earned income into crypto. I've made 87 times more interest staking crypto than I would have if I put it in the bank. Get staking people.

    submitted by /u/HeIioz
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    Cardano Price Forecast: ADA targets $3.60, as the chase begins

    Posted: 21 Aug 2021 07:21 PM PDT

    Bitcoin Could Be About To Soar To $100,000 And Ethereum To $5,000 As Cardano And Solana Suddenly Surge

    Posted: 21 Aug 2021 07:54 PM PDT

    OnlyFans Porn Ban is 'Opportunity of a Lifetime' for Crypto as Bankers Force OnlyFans to Remove Pornographic Content

    Posted: 21 Aug 2021 06:55 PM PDT

    Cardano now has almost 574 million ada in its treasury or almost 1.5 billion USD to fund YOUR projects and ADA HODLers having been voting on them throughout 2021! This is how self-sustainable ecosystem with governance looks like!

    Posted: 21 Aug 2021 10:21 AM PDT

    Exactly a year now ADA HODLers have been staking and delegating their ADA to stake pool operators = validators and getting their rewards every epoch (= 5days) and on average yearly delegation rewards of around 5%. Meaning that if you started with 100k ada you'll end up with around 105k after one year... Note that the rewards from one epoch are added to the next and the next rewards are calculated based on that, pretty sweet!

    Cool thing about staking with ADA is that your ADA is never locked and you can move it at any time, which is not the case for ETH2 and others...Also, pretty cool!

    About 70% of the total CIRCULATING supply is staked, see https://adapools.org/press and you can imagine what that means for the price once the smart contracts drop on mainnet on 9/12!

    Here's the excel file with the treasury info. https://docs.google.com/spreadsheets/d/1xny1W7HhHANLNeQcnbr8El5rakJ80VIM7fgDwJ-uqys/edit#gid=0

    Check out https://cardano.ideascale.com/ to submit your own proposal!

    With addition from u/Strictly_Haram see below:

    Cardano has a treasury built into the protocol and currently is the largest decentralized innovation fund in the world. It's called Catalyst, and you use your ADA to vote on proposals/fund development for different dapp ecosystems, etc.

    This will eventually become full on chain governance (Voltaire) which will allow ADA holders to have full control of the chain. Whether it's changes different parameters, funding development, etc. It really is something special and it's unfortunate that it's so misunderstood because it is has created a lot of hidden value for the entire crypto ecosystem.

    submitted by /u/cascading_disruption
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    How a 12-year-old earned 106 ethers by creating an NFT collection and selling it out within a day

    Posted: 21 Aug 2021 08:35 PM PDT

    Up $3!

    Posted: 22 Aug 2021 12:34 AM PDT

    So after months of research and investing into multiple cryptos. One of my investments has made a $3 return 😎

    I'm still down $500 but I'm still glad that I've got one invest doing well. With my luck it'll probably crash tomorrow though. Also I pulled out of ADA waaaay too soon but I made a profit of $10 on that one too 😎😎😎

    Also I was thinking. Since I've got horrible luck we could all work together. I'll invest in a crypto, it'll then crash then y'all buy said crypto, then I'll sell the crypto and it'll rise significantly, then y'all sell. I'm willing to do this with who ever is willing to split the profit.

    submitted by /u/trucknjoe
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    US Congressman to Federal Reserve Bank President: Most Crime Is Conducted With Cash You Print, Not Crypto

    Posted: 21 Aug 2021 08:36 AM PDT

    Google Play takes down 8 fake cryptocurrency mining apps

    Posted: 22 Aug 2021 03:43 AM PDT

    Don't Become A Slave To Your Crypto: You Own Your Coins, They Don't Own You

    Posted: 21 Aug 2021 06:38 PM PDT

    Are you the type of person who looks at the charts every hour but doesn't even day-trade regularly? And are you so entrenched in the coins you've invested in, that you've fallen into a fanboy trap? Well, stop. Go outside and take a walk. Cook yourself a good dinner. Stop GPU mining for a few hours and play some games with your friends. Download Tinder and go meet someone new. The sporadic nature of the charts can drive us crazy. Through red or green, stay positive, and just go the fuck outside.

    You own your coins, they don't own you.

    submitted by /u/JustDownInTheMines
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    What coin is the largest percentage of your portfolio, apart from bitcoin and eth?

    Posted: 21 Aug 2021 02:19 PM PDT

    I'm curious to see what alt most people are DCAing into, besides eth. It's probably a safe bet that it's ADA but maybe you'll surprise me!

    Did you choose your biggest holding because of the tech and potential profitability or based on something else, like the sector (gaming, NFTs, meme coin, etc.) or partnerships (IBM, Marvel, Samsung, etc)?

    My largest alt is Solana but I have about 10 other alts and I'm often unsure if I should consolidate more into SOL, or stay diversified in various alts.

    submitted by /u/plausiblyacat
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    10 year cake day. What I learned during this time in crypto via Reddit.

    Posted: 22 Aug 2021 03:55 AM PDT

    1. Price predictions doesn't matter. Crypto moves in unpredictable ways. You can never expect it to go as the models or TA says.

    2. Speaking of TA, only use it to find basic information such as support, volume and BTC dominance.

    3. Keep your data secure. Don't brag about crypto to your friends or family. Keep your gains and losses discreet.

    4. One week in crypto could be five years in "real life". Crypto doesn't abide to real market rules and the developments could go fast in this space. Use it to your advantage for more gains or to mediate your losses.

    5. Trust your gut with investing. They say don't invest what you can't afford, but I say go with your risk appettite and intuition. If you think a coin or token is gonna moon because you did some research: go for it a in. Set stop loss orders to be sure you don't lose too much when things go south.

    6. Don't be loyal to projects that once were promising and went up substantially. Crypto evolves fast and leaves no one behind. If you don't see expected gains from a project, just do some research and transfer your stake to another one. That is if you care more about price action than a project / tech of course.

    7. If you see opportunities for free crypto and have some spare time left: go for it. Be it airdrops, educational rewards or faucets. You never know when a 3$ reward gets turned into 20$. And even then, you can swap it for a trusty coin like ETH or BTC.

    8. If you're holding a large amount of crypto, use some of thosr gains to get paid tax advice. Your local tax authorities can screw you a lot more than any -70% loss. A tax advisor doesn't cost much if you want to make a living from crypto.

    9. Not really related to crypto, but to your lifestyle in general. Don't be too frivolous with your money. Live frugally. Be a minimalist. Don't buy useless shit, concentrate only on things that make you happy. If you own too much needless things, you don't own them, they own you. Declutter your life. Lambo's is just a meme for me, I would never splurge on a yacht or a sports car just because I have so much money in my bank account.

    10. If you're getting too involved in crypto, checking your tracking app each day, all day long: take a break. I know bull markets can get exciting, but they also last long and can keep you engaged. Don't forget about your closest ones and that they need attention too. People around you will be there for you in low times, crypto isn't a person you can talk to. Sound simple, but is really an important part of a healthy life.

    submitted by /u/stoenr
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    Ethereum under governance attack: A selfish group of miners have created EGL token that seeks to artificially control the gas limit, against network’s design. Over 20% of the hashpower has signed up for this already

    Posted: 21 Aug 2021 05:35 AM PDT

    A token claiming to assist in ethereum governance has been created (EGL token - Ethereum Gas Limit) and around 20% of the hash power of ETH has already signed up for this and are collecting these tokens, which threatens to disrupt the governance process of Ethereum and manipulate gas limit in favour of miners.

    In regular process, the gas limit used on the network is voted on by miners in coordination w/ core devs. The miners can vote on the protocol's gas limit. In regular course, the miners are incentivised to act in the best interests of the protocol and retain this governance. However, with proof of stake merge cutting miners out, they are now acting in selfish interest.

    However, EGL now seeks to bribe miners to tokenize & sell this control to the market instead, ignoring due process. Such a proposal will never pass EIP process, but now due to greedy miners this attempt at power grab is being played out.

    Miners are taking this step because of the upcoming proof of stake merge, that threatens to cut miners out of the picture. Hence, they are attempting to divest their control on the network in this fashion, by selling their governance out in collaboration with some rogue VC funds, and trying to seek rent on the governance process.

    The Ethereum team must make it clear that they don't endorse this EGL project. People buying this in the market are just helping rouge miners cash out and providing liquidity to bad actors.

    submitted by /u/DetroitMotorShow
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    TIL my friend traded 250 BTC for WoW gold in 2012

    Posted: 22 Aug 2021 02:33 AM PDT

    We have the bitcoin pizza guy and now apparently now we have the World of Warcraft gold goblin guy.

    I talked with my good pal about the recent horrible World of Warcraft state, decline of the game and the shit that Blizzard has been doing with sexual harassments and lawsuits due to the bullying. And that Cosby suite which is just disgusting..Anyway after chatting for a bit my pal told me that how very sorry he was that he traded about 250 BTC in exchange for WoW gold so that he could buy a spectral tiger mount for his in-game character on the auction house. Here is the link to the ingame item Swift spectral tiger mount

    I didn't even know dude was in crypto until now! ..well I can understand why he doesn't talk about this a much.

    At least he has his swift spectral tiger right?

    submitted by /u/anakanin
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    So what's your REALLY unpopular opinion on crypto?

    Posted: 22 Aug 2021 12:31 AM PDT

    I read about "unpopular" opinions here all the time. Mostly it's opinions nearly everybody agrees on. I would be interested in opinions on crypto you have, that are really not popular.

    My 2 cents: although I hold a bag of VET myself and kind of love the project, I highly doubt that it can make it to 1 dollar anytime soon. Gonna, keep hodling it anyways, cause hope dies last.

    Please respect the other unpopular opinions of everybody. Trying to encourage a respectful exchange of opinions here 😘

    It would be so refreshing to me toread something else than the usual moon farming comments.

    submitted by /u/AnnaKoessi
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    I am really tired of people asking crypto questions they can easily google. Please spend some time doing your job, do research, gain minimal knowledge, you will find answers for 99% of your questions, before even asking. Ask about things you can't find.

    Posted: 21 Aug 2021 11:29 PM PDT

    It happen not only in crypto. Everywhere there are people that came and start asking questions they can just google. You are not first, not tenth, not even in first 100 million of people that wanted invest in crypto. That mean at least few millions of people asked the same questions before. When I wanted to buy crypto first time I just googled " how to buy crypto?". Was it bad idea? Of course not, it was great. If people have questions, especially obvious ones, that mean there are many pages, yt videos, quides and discussions about answers. I had no idea about buying crypto, but after few hours my knowledge was good. I found that you buy crypto on exchanges, and best, safest and biggest exchange at the time was Binance. Just as easy as that.

    Before investing in crypto I spend few months reading about it. I never asked any questions. Everything I wanted to know was easy to find. I saved probably a lot of veterans nerves and time. I know how terrible is answering the beginners questions 10/20 times every day. In some subs or internet forums you are going to be banned for asking "beginner questions". Not cause they hate beginners, but because they had to answer the same dumb questions every single day, because there is probably pinned post for beginners, because beginners disrespect other people, waste time and was too lazy to use search function or google. If someone don't respect other people at all, being beginner is not defence line.

    Before asking any questions on any subreddit, just read 1000 posts and all comments under those posts. Read everything that is pinned, rules and you will find enough knowledge to answer probably 80% of new posts. I am not joking. It is really easy to see difference between person that ask silly questions and spend 0 time reading about topic and someone who read about topic, but still is a beginner, so he ask some more questions.

    If someone ask questions: what is crypto?, where buy crypto? what are crypto wallets? what crypto should I buy? what are moons? what is Bitcoin? better Eth or Ada? Or something simmilar I know they did 0 research, can't use google and have no respect to anyone. I will not bother to help them. I am not going to answer 50 silly questions they have, because they will not even understand crypto language and basic arguments.

    If someone start post for example with words: " I am new to crypto, I spend few weeks reading about it, so I know the topic, but want to ask some more questions" or they prove in any other ways they did minimal research from their side I already have +10 respect in my eyes and I will help them with greatest pleasure, because I know helping beginners is important.

    I hate people that treat us as their personal google assistants and want to have explanations about everything. I can write 5 pages about "where is best to keep your crypto?", about different exchanges, software, hardware wallets, staking, trading, advantages, disadvantages of everything etc. But I will not. I can answer 1,2 or 3 questions, but I won't write whole article or guide in the comments. Someone was to lazy to do any reasearch and I am to lazy to explain them for whole hour basics they could find with minimum effort.

    There is XXI century, using google is most basic skill to have, it doesn't hurt. And you from having 0 knowledge about any topic can in just few hours learn averything you want from trustworthy sources.

    submitted by /u/Nuewim
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    An upcoming NFT game for the Pokémon fans among us!

    Posted: 22 Aug 2021 03:22 AM PDT

    An upcoming NFT game for the Pokémon fans among us!

    With the recent succes of Axie Infinity, many (new) investors/players are enjoying themselves playing play to earn NFT games. As you might have noticed, Axie Infinity's mechanics bear a close resemblance to the ones from the original Pokémon games. It just so happened that I stumbled on another upcoming NFT game called 'Blockmonsters' which, as the name implies, is going to be a Pokémon blockchain game.

    https://preview.redd.it/e4k9b35oqvi71.png?width=636&format=png&auto=webp&s=ddf4f733a009541757c44219ec8b23ea5ebd3bdc

    What's the game about?

    Blockmonsters is a blockchain game that involves the catching and training of NFT based creatures called "Blockmons" and using them to battle and trade with other Trainers all over the world. Before you can start playing the game, you have to pick a starter Blockmonster. Take a look at the starters below! Pretty awesome, right?

    https://preview.redd.it/d60yxmu0svi71.png?width=1764&format=png&auto=webp&s=57d71c6adab0618a91a67ab45b862587f0f6ff00

    Gotta Catch Them All!

    There's a total of 150 Blockmons to be found in the game! However:

    • Only 80 can be unlocked by catching them.
    • Only 50 can be unlocked by fighting.
    • Only 100 can be unlocked with boosters.
    • There are a total of 9 starters (evolutions included).
    • There are 6 legendary Blockmons.
    • There are 2 exclusive Blockmons, only available during the Private-Sale and Pre-Sale.
    • There are shiny blockmons in the game!

    The leveling system is the same as the one in the original Pokémon game. You can fight against other wallets and gain XP to level up your Blockmon and get to the next eveolution. In order to complete your Blockdex, you can check the marketplace and buy or sell your Blockmons with $MNSTRS tokens.

    https://preview.redd.it/v6uz7kymvvi71.png?width=1165&format=png&auto=webp&s=fee240108f83a6088e7ef31b77c97c3be839d4da

    So, You get rewarded on each milestone you hit in the game. Caught a Blockmon? Won against trainers or Gym leader? Rewards will be distributed to all game player in the Dashboard through the tokenomics.

    If you're as hyped as I am for this game, go check out the website and their whitepaper: https://blockmonsters.co/. Interested in the Pre-Sale? Register here: https://blockmonsters.co/dxsale-sweep.html

    See you around, Trainer!

    submitted by /u/Fantastic-Cucumber-1
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    Big Up for Metamask: They have rejected multiple offers by tech giants and centralised exchanges to buy them out!

    Posted: 21 Aug 2021 03:21 PM PDT

    Big Up for Metamask: They have rejected multiple offers by tech giants and centralised exchanges to buy them out!

    There has been a bunch of rumors lately about metamask, as always spread by anons on twitter who definitely dont have any verified information, but none the less rake up hundrends of likes and re-tweets on their lies.

    One such lie proclaimed JP Morgan has acquired Metamask!

    First of all, imagine giving any credit to a statement made by an account with THAT name!

    That is crypto twitter for you - a cess pool of lies and misinformation, peddled by anons.

    Thankfully, Metamask were quick to rubbish these rumors.

    No, Metamask is not owned by JP Morgan.

    Furthermore, true to their ethos of decentralisation and web3 innovation, they have also rejected offers from web2 giants and centralised exchanges. This is definitely commendable, as many early crypto tools/wallets/websites have already sold out to bigger companies, making the ecosystem more centralised. (Example - Coinmarketcap)

    The MetaMask team has been approached for outright acquisition multiple times by web2 tech giants and centralized exchanges. The answer has always been, and will continue to be, "no\".

    submitted by /u/Set1Less
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