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    Cryptocurrency Daily Discussion - August 27, 2021 (GMT+0)

    Cryptocurrency Daily Discussion - August 27, 2021 (GMT+0)


    Daily Discussion - August 27, 2021 (GMT+0)

    Posted: 26 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 The prior exemption for karma and age requirements is no longer in effect.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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    Does anyone else shit their pants when they send crypto anywhere?

    Posted: 26 Aug 2021 12:37 PM PDT

    So I happened to get a nice check from some back pay from work and my first reaction to it was to buy more crypto (obviously). So im on the exchange and i go to send it to my hard wallet and instant paranoia and anxiety per usual. Ive been sending crypto to different wallets since mid 2017 and it still makes my heart drop when i think its taking too long (more than 5 seconds). Does anyone actually grow use to the feeling of sending crypto from wallet to wallet and not thinking it'll all disappear in the blink of an eye? I can't imagine getting hacked for any amount of my bag, the thought of it gives me anxiety.

    submitted by /u/BurntTurmoil
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    Cuba's Government Looking to Recognize Bitcoin and Crypto for Payments!

    Posted: 27 Aug 2021 12:29 AM PDT

    If crypto is not legal tender, I'm technically not paying for sex and so please release me, officer.

    Posted: 27 Aug 2021 03:11 AM PDT

    I've been told its illegal to pay for sex but my BTC isnt a legal tender, so I that makes it more like bartering, right? Show me where it says in that there rule book, that trading services between two consenting adults is illegal.

    Im sure this is very embarassing for you officer, but mistakes happen to even the best of us. Just release me and dont tell my wife, and I wont report this to your superiors.

    Cant wait to see in a week/month/year, whether this was the cheapest or most expensive BJ of my life - or both.

    submitted by /u/virusamongus
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    5 Mistakes I've Made So You Don't Have To

    Posted: 27 Aug 2021 01:26 AM PDT

    While mistakes may be overrated, that doesn't mean you shouldn't learn from them. And you're much better off if you can learn from the mistakes I have made, rather than having to make them yourself.

    As such, I wanted to share 5 of my most costly mistakes during my years at /CryptoCurrency.

    1. Keep your SEED phrase safe. No, I wasn't scammed. I had given my SEED phrase to my parents and parent-in-law on a piece of paper. Both 12 words. When my parents moved last year, they cleaned up and threw away that 'piece of paper'. Cost: $150,- for a CryptoSteel to keep my new SEED safe and $300 in transaction costs to move all my ERC20 tokens.
    2. Don't do margin trading (if you don't understand it). At the end of 2017, I had made enough money to buy a car. Sold $10.000 on Kraken for FIAT and decided to open a leveraged trade with the remaining $1000 in BTC. Little did I know that Kraken uses your whole balance as leverage. Bitcoin went down and I lost all my FIAT. Cost: $11.000 Don't do margin trading if you don't understand what you're doing. I thought only my $1000 was at risk.
    3. Don't get greedy. After a while of increases, Bitcoin and Ethereum just don't go fast enough anymore. I started with $250 which turned into $10.000 but suddenly that isn't enough. You start looking for the next 'moonshot' to turn that $10.000 into $1 million. Don't. I've invested $5.000 into 'Xtrabytes', which turned into $50.000, which went down 99,8% after the bull run ended. It left me with less money than I put into it and certainly less than if I had invested in BTC/ETH. Only gamble with a small portion of your funds. Cost: $5.000 - $50.000
    4. Don't trust shitcoin exchanges. Never leave more on a shitcoin exchange then needed. Due to exit scams (Coinsmarkets), hacks (Cryptopia) or lack of mandatory chain updates (Yobit). Cost: I've lost ten thousands of $ based on the current prices. Where possible, protect your own holdings.
    5. OpenSea.io only charges a large registration fee once. This one is recent (yesterday). I decided to sell CryptoCrystals on OpenSea.io. I wanted to sell a single crystal to try the system, but the transaction fee was $100. As a result, I decided to bundle 4 crystals together in a cheap package and sell them all at once to limit transaction fees. Directly after selling them, the price went from 0.1 ETH each to 0.4 ETH floor price. Turns out the $100,- is a one time registration fee. I could have easily sold them one by one during the day, since the following transaction fees are much more reasonable. Cost: 1.2 ETH.

    Adding up the cost of all my mistakes, I have lost more money on stupidity than I have left invested in crypto. It's a new space and I still have more to learn. Thanks for all the advice everyone has given me thus far and I hope my mistakes will in turn help others be successful.

    submitted by /u/DDelphinus
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    $420M worth of positions were liquidated and 110k traders got rekt in the last 24h.

    Posted: 26 Aug 2021 10:12 PM PDT

    $420M worth of positions were liquidated and 110k traders got rekt in the last 24h.

    In the last 24 hours, 110,613 traders were liquidated on their positions, which add up to almost $420M.

    In the context of cryptocurrencies, forced liquidation happens when the investor or trader is unable to fulfill the margin requirements for a leveraged position.

    The biggest single liquidation happened on a BTC trade with a value of $7.26M

    $193.41M were liquidated on Bitcoin.

    $68M were liquidated on Ethereum.

    $38.08M were liquidated on XRP.

    The rest were liquidated on various altcoins.

    81.15% of the trades were long positions. That means that $340M were liquidated on long positions, and $79M on short positions.

    Source: https://www.bybt.com/liquidationdata

    Total Liquidations

    Symbol Liquidations

    submitted by /u/omeri_e
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    Just so everyone is aware, this isn’t a ‘dip’. It’s just the market moving normally. Don’t listen to predictions because as we all know, *we don’t know what it’s going to do next*.

    Posted: 26 Aug 2021 01:59 PM PDT

    Seems to be a lot of chatter today about "taking advantage of this dip". Some people are saying now is your chance before the bull run, others are calling this a crash precursor.

    The fact of the matter is, it's just the market moving normally. It's been trending up for two weeks and it's taking a breather.

    Zoom out on the charts and you'll see there's not too much to analyse, it looks logical enough, so let's just keep doing what we've been doing and keep our pants on.

    At the end of the day, absolutely no one knows what the market is going to do, it's best not to try predict anything.

    Ride the wave my fellow crypto adopters!

    submitted by /u/Chooky47
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    No you have not "Missed the Bus": People in 2010 thought they were Late to Bitcoin

    Posted: 26 Aug 2021 04:46 PM PDT

    No you have not "Missed the Bus": People in 2010 thought they were Late to Bitcoin

    https://preview.redd.it/q4zsq3m7gsj71.jpg?width=620&format=pjpg&auto=webp&s=5342ffa9691e0e328b7b0ac4d6387d0468b88bde

    Iconic screenshot: someone in 2010 thought they were late to the party with "only" 600 Bitcoin.

    In April 2013, Bitcoin crashed 83%, and people thought Bitcoin was done.

    Back in 2017/2018 people thought buying Bitcoin at $20k was a mistake and it would never recover.

    In early 2021 people thought they have done a mistake for buying Bitcoin at $30k.

    Today, Michael Saylor is praised for having bought Bitcoin at $36000.

    See a pattern? Even for Bitcoin, history repeats itself, real world adoption still has a very long way to go, and so does the price.

    submitted by /u/tfproblem
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    Advice for people who got in crypto this year.

    Posted: 26 Aug 2021 10:34 AM PDT

    EDIT: Thanks for the awards. First post turned out to be a success :D

    I've been in crypto for many years. When I mean many years I mean I saw bitcoin at 300usd and eth at under 10usd. I've been through a bull and bear market. I've seen what works and what doesn't.

    My honest advice to someone who's new to this game is:

    1. Identify a coin you're interested in and do good research on what they are trying to achieve. Think of whether they will have an impact on society in the next decade or so.

    2. DCA! Every month just allocate a small amount of your paycheck to your chosen coin. Mine was ethereum. I did this for 3 years straight.

    3. Do NOT try day trade. I mean if you want to try it out go ahead, but from past experience ive just seen people lose no matter what when they are day trading. The long term holders always win.

    The secrete? Accumulate and hold until your comfortable enough to take profits. Never sell at a loss unless in an emergency.

    The people i know who followed these obvious steps changed their lives for the better. I still believe there is opportunity for people to change their lives with crypto. Just don't let greed blindside you.

    Thanks for reading. This is my first post on this subreddit so I wanted it to be good.

    submitted by /u/misunderstoodR
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    I have one computer for crypto, and one for wanking.

    Posted: 26 Aug 2021 03:43 PM PDT

    I do this to avoid contaminating my crypto computer with viruses, keyloggers, etc. Crypto computer rarely, if ever, sees the Internet.

    Some more tips:

    • If you cannot afford a separate computer, and you need to visit questionable sites, you can:
      • Use a virtual machine, like Virtual Box. It's free. A few other free software as well.
      • Get a free Linux OS, put it on a bootable cheap USB drive, and you have a fully functional Operating System
      • Use Sandboxie to create a different instance separate from your main crypto.
    • DON'T click links, especially on mobile device, as you cannot hover over the word to see the real site
    • Avoid using too many extensions, they can be unsafe. Turn them off, or you can create new profiles for your browser that doesn't have extensions.

    Don't make these mistakes. Ask me how I know.

    submitted by /u/GelDel12
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    How to lose your Bitcoins with CTRL-C CTRL-V

    Posted: 26 Aug 2021 07:43 PM PDT

    I saw many victims of clipboard hijacker malware.

    How it works
    1. You select a Bitcoin address, and press CTRL-C.
    2. The malware changes the address to an address owned by the hacker/scammer.
    3. You press CTRL-V and lose any funds you send.
    Even if you check part of the pasted Bitcoin address, chances are the first few characters are the same, and you still won't notice the address was changed.

    How to prevent this
    1. Don't use Windows, but we both know you're not going to change that.
    2. Check the entire address after copy/pasting, and not just the first few (or last few) characters. Check some in the middle too. That's a lot of work, so chances are you won't do that either.
    3. I came up with something else: don't copy the entire Bitcoin address, copy only a part, and manually type the last few characters. Even if the malware exchanges the incomplete Bitcoin address by their own, your wallet won't accept the (invalid) address if you've typed a few more characters by yourself.
    You'll still need to follow Step 2 after this: check the address!
    4. Use copy/paste to verify part of your address. Suppose you want to send funds to address 1PjpEgknyKxQKXtMcYFDym8odkfohFGkui. After copy/pasting, select "yKxQKXtMc" from the pasted address, then press CTRL-C. Then, use CTRL-F followed by CTRL-V to see if the partial address matches the original source of the address. And make sure the source is authentic: email can be spoofed too!
    5. Any time I am sending coins from any wallet I physically place the address I know is correct directly from the source, right next to the address I have entered to send to. That usually means either holding my hardware wallet or phone up next to my computer screen, or resizing two windows on my phone or computer to put the two address physically right next to each other. Once you have two addresses which are less than inch apart, its very easy to check the entire address and not just a few characters at the start or end.

    Stay vigilant
    Check, double check and triple check before sending funds!

    submitted by /u/nguoiphanxu
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    Polkadot - FTW

    Posted: 26 Aug 2021 10:16 PM PDT

    After my post on Algorand, I was surprised to see how many people reached out and requested I do the same type of post for other cryptocurrencies, but most specifically- Polkadot. This is not meant to be an overly technical analysis, or a hate-post on competing coins. This one is for you Supah Fish, here it is.

    First thoughts

    Initially, coming from a developer/software engineering background, my main question was "how is this useful?". Para-chains, para-threads, side-chains, etc. At a cursory glance it was not easy - or really possible - to know what the project was trying to achieve. I also saw DOT first mentioned in a Forbes Article, which made me think at worst it was another coin with little more than marketing, and at most it was geared towards institutions and the banking industry- which generally rubs me the wrong way. Lastly, and completely superficial, why 'Polkadot'??

    I was confused when I kept reading people saying it was a block-chain that connected other block-chains, like Ethereum or VeChain (and others), you could write an application on Polkadot and utilize these other chains. "That's really cool", I thought- but also, "Literally how the hell is that supposed to work?"

    Inflationary, by design? I had a healthy amount of skepticism going into my initial research.

    Research

    Once I decided to look into DOT, I watched a couple videos that gave a broad overview that gave me the 'why'. Polkadot is meant to be an abstracted layer for building apps generically that can utilize multiple block-chains using their development API that they call PDK, called Substrate (best name in the project, kudos).

    The error I had was thinking that the previous examples (Ethereum, VeChain, etc) were literally being used beneath Polkadot, when in fact those mentions were just part of the analogy. Parachain's are created after buying an available slot at auction, and hooked into Polkadot via the Relay chain. The Relay chain is how each of the Para-chains and Para-threads communicate, and their state is reconciled onto the Relay chain, for Para-chains at every block, and for Para-threads only when needed.

    This is the main differentiation between Para-chains and Para-threads. Certain applications might require the lock-step block validation of the Relay chain, while many other application use-cases do not. This results in lower transaction fees for the threads. Dr. Wood with the Ethereum background lends a lot of credence that the project is tackling real world issues and providing a solution that isn't available already.

    The documentation is great, and the white paper exists. I was able to get started with the PDK in very little time. They will likely only be toy examples, but I'm going to give the PDK a whirl to see how the different approaches work. After all, experience is everything.

    Future

    The marketability and use-cases of a block-chain that provides the infrastructure to create versatile applications is clear. Providing an easy mechanism to create stand-alone block-chains without having to create and handle the infrastructure to do so is a major boon. Not only that, but having the 'heavy-weight' option of Para-chains combined with the lighter-weight Para-threads, as well as pure smart-contracts (if you don't want contracts on top of the former two) give developers a lot of flexibility.

    Supporting the web assembly standard allows support for all developers that don't have a specialization in more complicated languages. The use of Rust throughout much of the project shows that they are using current technologies and are, most importantly, conscientious of security. Rust is well-known and gaining a lot of popularity - not just in the block-chain ecosystem - providing a current and stable language for the platform that developers actually use, instead of ones that they don't (Haskell, anyone?).

    All-in-all, Polkadot seems to be a very sound investment with a bright future. Of the newer coins, Polkadot and Algorand are my top two picks. I'm bullish on both, and I think that if the bull cycle continues this year there is no way Polkadot won't exceed its current all-time-high (~$48 USD). I encourage everyone to give it a look. It's an excellent choice for DCA (or lump sum), and the 12% staking reward is hard to argue with.

    submitted by /u/scoumoune
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    ETH gas fees really hinder adoption

    Posted: 26 Aug 2021 05:29 PM PDT

    Sorry I just want to vent for a little bit. I got into crypto about February so im still pretty new and trying to learn as much as I can, but im definitely more of an investor than a user of blockchain. My biggest % of my portfolio is ETH, so I obviously believe in its value and tremendous upside moving forward. What's keeping me from getting deeper into the space is the god damn gas fees. Jesus. I just wanted to sign up for an ENS domain, and the name I wanted was still available. $10 for a year? Awesome! Over $100 in gas fees? Never mind. Any time I want to interact with the ethereum blockchain beyond buying ETH on Coinbase and staking it, the gas fees make me give up.

    I want to get more involved in this space because it offers a lot of cool things that I'd like to be in on the ground floor of, but I feel like I have to wait till PoS comes along (at which point it'll be too late.)

    TLDR I'd like to speak to the manager

    submitted by /u/AdministrativeChef47
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    A rock is SOLD for $1,300,000.00

    Posted: 26 Aug 2021 04:23 AM PDT

    Why do people still buy BTC?

    Posted: 27 Aug 2021 02:08 AM PDT

    Let me start by saying I am still a noob and I don't claim to understand much about this space.

    To me, it seems like the only "advantage" BTC has going for itself is it being the first cryptocurrency. Besides that, I feel like it's just outdated, old technology all around. Slow, high fees, wasting a lot of resources. I could not think of a single use case where it's still the best solution there is.

    I would have expected the price for BTC to go down relative to other cryptos. Does not seem to be happening, it's still the "big daddy". Am I missing something, and BTC is still amazing for some use cases? Or is it just the delay before people realize that there are better alternatives for every use case I can think of? I know no one can predict the future, just interested in your thoughts on that.

    submitted by /u/afunkysongaday
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    6% of All Ethereum is Now Staked in Ethereum 2.0

    Posted: 26 Aug 2021 04:04 PM PDT

    Analysts anticipate Ethereum supply shock after 100K ETH burned

    Posted: 26 Aug 2021 09:54 PM PDT

    Be honest, how would you feel if your friends investment shot up 1500x within months and you missed out?

    Posted: 26 Aug 2021 08:57 PM PDT

    So anyway I see a lot of people on here saying they're telling their friends and family to sell their cryptos because of the no product, or it being brand new aspect.

    So I was just wondering if you were in the situation of never investing in the crypto they invested in, then finding out this whole entire time it has been rocketing to the moon and he didn't say a word about it? I actually seen this happen to this youtuber, he missed out and he had millions, if he threw a few grand he would've made a lot

    submitted by /u/MachinePata
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    11% of young Americans invested their stimulus checks in crypto

    Posted: 26 Aug 2021 05:39 PM PDT

    Stop investing temporary money -- no coin is "safe enough"

    Posted: 26 Aug 2021 06:38 PM PDT

    I've seen 2 threads tonight one investing temporary money that will be needed for school and one investing other people's money that was collected as a pool to surprise them later. Several of the comments suggested doing this with BTC to be safe and it blew my mind so if I could have a quick second to show you some reality.

    If you invested $1,000 on April 13th with the intention to pull it in 3 months - by July 13th you would have $513.00 left. Not so safe. But lets say you were smart and waited for a dip, like we have going on now and invested on April 25th, you'd still only have $719 if you wanted to pull out 3 months later.

    I can do this with far more devastating timelines like the time from December 2017 to April 2018 where you'd have $317 left of that thousand even though you had a whole 4 months to wait.

    The reason we say only invest money you can afford to lose is because you could actually freakin' lose it, and if it's money you need (or holy fuck -- other people's money) you can't afford to let it stay on for the ride back to green and beyond.

    This is, and always has been a market best played long term but never play with solid calendar deadlines.

    submitted by /u/amandamichelle90
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    In the bullrun, don't forget about bitcoin.

    Posted: 26 Aug 2021 11:31 PM PDT

    I know, I know, you've that sweet spot for this specific altcoin. Mine is ADA. However, apart from the tech, altcoins main purpose is to help you acquire more bitcoin. Bitcoin is the fundemental cryptocurrency and it will never be replaced. You hear about eth killer, ada killer, whatever it is, you've never heard about bitcoin killer, that's because bitcoin will never die.

    So yeah I know you love your coin so much, but your favorite coin may not survive until next bullrun. This is not financial advise but I advise you to just hodl bitcoin or tether up in the bear market.

    submitted by /u/Internet-Top
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    Will you be a millionaire??

    Posted: 27 Aug 2021 01:36 AM PDT

    So, we have seen bitcoin and Ethereum make a lot of ordinary folk millionaire cause they invested in it when nobody believed in it. Now, im quite certain that 5 years from now there will be a change in the top 10 and that a coin that is currently rarely known by a lot of people will be in the top 10 and im sure that some of us are holding that specific coin,. So, i guess you could say some of us are holding a coin that will be worth a lot in the future so, remeber to keep your seed in a safe place.

    submitted by /u/fhikoo
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    A crypto meditation

    Posted: 27 Aug 2021 02:47 AM PDT

    Namaste friends,

    I'd like you to start by focusing on your breath.

    Breath in deeply, feel those cosmic gains.

    Hodl that breath, let those gains fill your vessel.

    Breath out poor price movements.

    Breath in Bitcoin DCA.

    Breath out BSV.

    Breath in Ethereum.

    Breath out Ethereum Max.

    Breath in high potential ecosystems.

    Breath out "baby" shit coins.

    Feel your soul, full of gains, full of love.

    Breath in low cap gems

    Breath out 50% burned shit coins.

    Breath in Vitalik Buterin

    Breath out Elon Musk.

    Breath in your gains.

    Breath out and learn from your losses.

    Now open your eyes and feel the cosmic gains

    Be love.

    submitted by /u/anotherjohnishere
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    If the 2024 bull market will have the same pattern as 2018 and 2021, BTC will be $204,000 and ETH $14,000

    Posted: 27 Aug 2021 02:59 AM PDT

    In 2018 BTC's ATH was slightly over $20,000, and ETH around $1,400. This year (provided that we have seen this bull markets ATHs), both of them did just about a x3.2, coincidence? I think not!

    Applying that flawless logic to the next major bull run in 3 years, BTCs new ATH will be $204,000 and ETH respectively roughly $14,000. Now if that doesn't make you invest into crypto then I don't know what ever will…

    I am staking up on Ethereum as we speak, I am ready to go to the moon, are you?

    This is not financial advice, hehe.

    submitted by /u/cryptofreak194
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    My analysis of all MOON transactions

    Posted: 26 Aug 2021 07:32 PM PDT

    My analysis of all MOON transactions

    TLDR: I analyzed MOON transaction data and made a visual of all MOON transactions that you can play around with. Made possible by https://ccmoons.com/

    Here is an unprocessed chart of all MOON transactions plotted logarithmically.

    Moon transactions over time by amount

    Let's clean it up a bit. We will ignore any transactions less than 0.01 MOON and change the opacity of markers to 15% for visibility.

    Moon transactions over time by amount, some outliers removed

    Okay cool. Now we can see:

    • the various MOON distribution events spaced about a month apart
    • the reddit testnet transition at the end of July
    • the disproportionate number of transactions of exactly 1000 MOON (premium membership?)

    Let's make some assumptions and dig deeper into transaction types. Let's create a label [TransactionType] as follows…

    • "Mint" = where MOONs leave 0x0000000000000000000000000000000000000000
    • "Burn" = where MOONs go to 0x0000000000000000000000000000000000000000
    • "from Exchange" = where MOONs leave celesti.trade, MoonSwap, or the xDaiBridge
    • "to Exchange" = where MOONs go to celesti.trade, MoonSwap, or the xDaiBridge
    • "Tip" = where MOONs are transferred in an integer amount to an address listed in the distribution csv files
    • "Transfer" = where MOONs are transferred to wallets without an associated username or in non-integer amounts

    Note that this definition of "Tip" differs from that used by CCmoons.com

    I want to be able to distinguish moderator transactions so let's also create [SenderType] and [RecieverType] where:

    • "Distribution Account" = u/TheMoonDistributor
    • "Moderator" = any other moderator
    • "Exchange" = celesti.trade, MoonSwap, or the xDaiBridge
    • "User" = any wallet with an associated username
    • "Other" = everything else

    Finally, I am going to adjust the axis label a bit and exclude transactions over 1 million MOON since these are mostly associated with the reddit.testnet transition.

    MOON transactions amounts by type, over time

    Here is that same data but drilled down by [TransactionType]:

    MOON transactions amounts by type, over time

    Some takeaways:

    • 1,001 addresses have received MOONs from an exchange
    • 1,956 addresses have sent MOONs to an exchange
    • 719 reddit users have received MOONs from an exchange
    • 1,069 reddit users have sent MOONs to an exchange
    • 4 Moderators have received MOONs from an exchange
    • 5 Moderators have sent MOONs to an exchange
    • MOON exchange transfers picked up significantly in May
    • 1,380 distinct reddit users have been tipped by Moderators

    I personally am curious about moderator behavior, so here are transactions by moderator:

    Moderator MOON transactions

    Count of moderator transactions by transaction type

    Sum of MOONs transferred by transaction type and moderator

    Drilling down on tips, and distinguishing each tip recipient:

    Sum of Moderator MOON tips

    Some takeaways:

    • LargeSnorlax, and jwinterm are the only moderators still paying for 1000 MOON premium membership
    • LargeSnorlax's tips are usually made in bursts.
    • jwinterm, nanooverbtc, or mcgillby tips appear more randomly spaced in time.
    • shtslaughterTV has given huge 'tips' but only to mellon98 (contest winner? Alt account?)
    • shimmyjimmy97 has given huge 'tips' but mostly just to Xenc (contest winner? Alt account?)

    Here are some other charts I made….

    All Tips (across all users) by day of the week (count and total):

    Transaction count and sum of MOON transferred by day of the week (all users)

    Count of transactions over time:

    Count of transactions over time

    Transactions over time by transaction type

    Thanks to ominous_anenome for making the data available.

    submitted by /u/amphibiousParakeet
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    Crypto hardens the piss out of you

    Posted: 27 Aug 2021 12:37 AM PDT

    For over 10 years it was nothing for me to have a car and house full of several felonies worth of illegal substances. I'm talking atleast a decade of prison time over my head. Twice, Ive had the gang task force kick down my door, put me in handcuffs to sit me on my couch to watch them tear through every belonging I had (to find nothing, stupid pigs. Fun unrelated fact: They would also send in a separate unit to check serial numbers of electronics to ensure they're not in a data base of stolen goods, cops do NOT like built from the ground up gaming pc's). I've been robbed at gun point. I've never driven a car legally yet still commute about 2 hours a day for work. I truly hate condoms.

    I'm trying to say, I'm no stranger to risk. Truth be told, for better or worse, Id find life absolutely unbearable without it. You all would be over at Wallstreet bets right now if you didn't share the same attraction on some level.

    When I saw my portfolio retrace for the first time, it genuinely scared the bajesus out of me. Second time made me question if Im doing the right thing. After a while, every correction and flash crash becomes as normal as thinking every knock at the door might be the last you hear as a free man. We could drop back to 10k tomorrow and I wouldnt even flinch. Id actually be ecstatic and would love every second of following whatever narrative drummed up to explain it. I believe in the altruistic aspects of crypto. I like making money. But above all else, I LOVE the grind.

    If you just got into crypto this year and you're still here after May. You, my friend, are a crazy, wonderfully tough son of a bitch. Not only are your hands diamonds, but so are your massive weighted testicles. If you use the same dedication and resolve in all aspects of your life, you can conquer anything.

    To the moon. Or not. Im here for it either way

    submitted by /u/RandullFlagg
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