Cryptocurrency First Reddit Talk on r/CryptoCurrency: A Session With Crypto Lawyers About The Crypto Provisions In The Infrastructure Bill [Monday, 23rd August 2021, 7 PM PST] |
- First Reddit Talk on r/CryptoCurrency: A Session With Crypto Lawyers About The Crypto Provisions In The Infrastructure Bill [Monday, 23rd August 2021, 7 PM PST]
- Daily Discussion - August 20, 2021 (GMT+0)
- Man Says He Accidentally Deleted Keys to 20 Bitcoin Worth Nearly $900,000
- Cardano catches up with Solana and Terra as ADA hits new all-time high
- OnlyFans’ porn ban is crypto’s opportunity of a lifetime
- Remember when China was like, “you know what? No more mining.”
- Beginner Sites for Crypto
- Bitcoin for everyone: Missouri mayor wants to give each resident $1000 in cryptocurrency
- Crypto isn't the only form of investing. Don't forget to take profits so you can invest in yourself.
- How many steps are we from "Apple will scan your icloud for the goverment for pictures" to "All phones will automatically scan for seed phrases and uploaded to the IRS for your protection"
- Did you know how fast NEO is?
- If crypto makes you a millionaire, would you give some back?
- A deeeeeeeep dive into Polkadot
- OnlyFans is banning porn on their platform due to pressure from payment processors and banks- (This is ANOTHER reason we need crypto)
- Binance To Have Mandatory KYC For All Products
- You could be that guy that loses his $100 in today's money in 10 years that could be worth $100,000, don't be that guy.
- Unpopular opinion : DOGE played a part in helping to build the crypto community.
- I bought $1k of the Top 10 Cryptos on January 1st, 2019 (JULY Update/Month 31) UP +398%
- Cardano’s Ada Surges To New High, Becoming Biggest Cryptocurrency To Hit Record Price After $1 Trillion Crash
- NASA is eyeing up a nearby asteroid that contains enough gold to make everyone on Earth a billionaire.
- Coinbase to add $500,000,000 of crypto to balance sheet and put 10% of profits into crypto moving forward
- Your daily dose of Crypto
- It's about the market cap, stupid!
- Moon Farming analysis: Finding a correlation between time spent vs karma earned.
- What is one crypto news source you refuse to listen too and don't trust at all?
- ALL subreddits dedicated to specific Cryptos are echo chambers. Don't use them to make decisions on what to buy.
- The great thing about China banning mining is that we no longer need to worry about the China FUD
Posted: 19 Aug 2021 10:29 PM PDT Hello r/CryptoCurrency! We will be hosting our first Reddit Talk this upcoming Monday, 23rd August 2021, 7 PM PST. You can use this Timezone Converter to schedule ahead. Earlier we had announced Reddit's new live audio feature Talk! Now we are pleased to bring to you the first Talk session on r/CryptoCurrency, featuring prominent lawyers from the cryptocurrency community who will be discussing about the recent legislative developments in the US Senate, regarding the Infrastructure Bill and the provisions it contains on cryptocurrencies. About The Speakers:The following lawyers will be joining us on the Talk: Drew Hink: u/drewhink Website: https://www.klgates.com/Andrew-M-Hinkes and www.andrewhinkes.com Twitter: https://twitter.com/propelforward Kayvan Sadeghi: u/K_Saturn Website: https://www.schiffhardin.com/professionals/attorneys/s-z/sadeghi-kayvan-b Sarah Brennan u/Glad_Establishment38 Twitter: https://twitter.com/SH_Brennan Jason Gottlieb u/ohaiom Website: https://www.morrisoncohen.com/jgottlieb Twitter: https://twitter.com/ohaiom And Collins Belton. What will the Talk be about?These lawyers who work in blockchain and cryptocurrency practice will be discussing about the recent developments in the US Congress with respect to the Infrastructure Bill and the cryptocurrency provisions contained therein, the amendments that ensued, and how these legislative developments will affect and shape the Cryptocurrency industry. They will discuss the practical implications of these laws from their experience working in the cryptocurrency domain, and will also be answering questions that readers here may have. To ask a question, please write your question in the announcement thread below. We will compile them based on relevance. If your question is accepted you'll have the opportunity to come on stage to ask your question directly to the speakers. If you're uncomfortable with this the moderators will ask the question for you. We will contact you before the Talk regarding your question. How can you participate in the live Reddit Talk?To participate in the Reddit Talk you need to have the latest version of official Reddit Mobile App installed on your mobile device. Reddit Talk does not support desktop or third party Reddit applications (yet). You'll see this Reddit Talk in the r/CryptoCurrency feed as soon as it goes live, and the link to the Talk will also be posted on this sub as soon as the Talk is live! You can open the link on mobile and it should open the Talk on the Reddit app! Looking forward to the Talk and participation from all of you! Disclaimer: The Talk scheduled is a conversation, and nothing discussed in the Talk constitutes legal advice or should be interpreted as such. [link] [comments] | ||
Daily Discussion - August 20, 2021 (GMT+0) Posted: 19 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:
Useful Links:
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Man Says He Accidentally Deleted Keys to 20 Bitcoin Worth Nearly $900,000 Posted: 19 Aug 2021 11:46 AM PDT
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Cardano catches up with Solana and Terra as ADA hits new all-time high Posted: 20 Aug 2021 01:19 AM PDT
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OnlyFans’ porn ban is crypto’s opportunity of a lifetime Posted: 19 Aug 2021 03:33 PM PDT
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Remember when China was like, “you know what? No more mining.” Posted: 19 Aug 2021 11:10 PM PDT And Bitcoin was like, "say what again motherfucker!" And crypto said, "say what one more goddamn time!" And the bull run was all, "I dare you. I double dare you!" And then you remember when the hash rate recovered and the US government tried to pass some laws to slow down crypto and then remember when it didn't matter at all because FTW, crypto isn't going away. Ever. [link] [comments] | ||
Posted: 19 Aug 2021 01:10 PM PDT 👋 Everyone! I tried searching for some kind of "where to begin" to learn about all the different types/names of crypto companies/tokens and their differentiators, but can't seem to find anything relevant. Is there some other sub-forum that I should check out first that might have a somewhat comprehensive list? I can't be the only one looking for this info. I did a general search on Google for "learning about cryptocurrency", but this mostly produces results about crypto investing or sites that are super technical. I found this site that has a great summary of some of the various tokens https://abitaboutcoins.com/ TIA for any help you can offer! [link] [comments] | ||
Bitcoin for everyone: Missouri mayor wants to give each resident $1000 in cryptocurrency Posted: 19 Aug 2021 09:29 PM PDT
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Crypto isn't the only form of investing. Don't forget to take profits so you can invest in yourself. Posted: 20 Aug 2021 12:45 AM PDT Things look pretty bullish right now and a lot of us have made out like bandits on pumping alts. But don't forget the reason we're in this game: to improve our lives. If you're sitting on a tidy profit and there's something you can spend on that will improve your life right now, don't dismiss the opportunity. If you've made some mistakes and view crypto as your second shot at life, remember that you don't need lambo money to set yourself up for the future. Your profits could tide you over while you go back to school for an actual career. It doesn't have to be a full four-year college course, just picking up a trade will give you a guaranteed income stream. Or you could get into computer science/enroll in a coding bootcamp. Imagine the serendipity of using crypto profits to learn how to write smart contracts, contribute to the ecosystem, and make your own projects. Debt is another concern. Lots of us have it in the form of student loans, or just maxing out credit cards to survive. Generally, the value of debt depreciates over time and the value of crypto rises, so there's a push to kick the can down the road and pay it off when it'll cost a smaller fraction of your net worth. But consider the mental fatigue that living in the shadow of debt causes. They're not joking when they say stress is a killer, it has serious effects on your body and well-being. The smart play might be to get yourself in the clear right now to buy yourself some breathing space. Most importantly, don't neglect your health. Even from the most cynical standpoint where quality of life isn't a concern, you're better off sinking money into your health right now in order to avoid medical costs in the years to come. Go to the doctor and pay for a full check-up. Make sure you don't have ticking timebombs like cancer hanging out inside of your body. Maybe what you need is a new chair that supports your back properly while you're staring at charts. Maybe it's gym equipment so you can work out at home, or a bike/new pair of running shoes to get you out of the house. Maybe it's improving the quality of your food — ramen won't sustain you forever. Point is, all the gains in the world mean nothing if you're too decrepit to enjoy them. I'm full of hope and excitement for all the ways crypto will change investors' lives for the better. Stay frosty everyone! [link] [comments] | ||
Posted: 19 Aug 2021 09:56 AM PDT The egregious overstepping of power these companies are taking on behalf of the government to override personal anatomy is quite shocking. what would i have to do to get a phone set up that isn't at risk to this sort of thing? how much power is enough for them? does apple already have the ability and they're just looking for permission? is google already doing this? edit: i don't mean from a picture i mean from them stealing your screen when you're writing down the phrase from the phone. the solution is to create the seed from a device that will never go online again i've found but how do you get the money out in that case? [link] [comments] | ||
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If crypto makes you a millionaire, would you give some back? Posted: 20 Aug 2021 12:56 AM PDT I thought about this in the shower earlier today. If you manage to become filthy rich with crypto or even just 2-3million dollars richer, would you give back in some way to promote crypto? It can even be in your interest or may help your remaining holdings grow. I hope to be able to maybe set up a scholarship for college or university entirely payed for or funded by by crypto to run for some years, or possibly for as long as I'm alive if I made filthy money off those sweet staking gains. [link] [comments] | ||
A deeeeeeeep dive into Polkadot Posted: 19 Aug 2021 08:50 PM PDT Namaste friends, Crypto ecosystems of value are few and far between, today I'd like to discuss one of substantial potential: DOT. What is Polkadot Polkadot was founded by Ethereum co-founder Gavin Wood in 2019 in order to do what he believed Ethereum was unable to. He was Ethereum's first CTO, a former research scientist at Microsoft, and the creator of the Solidity programming language used to write Dapps on Ethereum. He has since founded the Web3 foundation that sells the Polkadot token, and Parity that develops the software which is used to run polkadot's para-chains. By design it is a sharded blockchain on which people can build and operate their own blockchains on top of; giving people the ability to grow their blockchain as part of a larger ecosystem. It is a two pronged approach on which the main chain, called the relay chain, and user created networks called para-chains. Now, how Polkadot works is a bit complicated, so I'll try to explain it as simply as I can. How does it work? Polkadot has a few moving parts. The first is the "relay chain" that operates as the main blockchain on which the para-chains are built, and where the transactions on said chains are finalized. The relay chain separates new transactions from the verification of said transactions, allowing DOT to process 1,000 transactions per second Para-chains are adjacent blockchains that use the relay chain to assure that transactions are accurate, and operate as separate but connected to the relay chain as a whole. And lastly there are bridges, which allows polkadot to interact with other blockchains of which they are looking to bridge to EOS, ETH, and potentially even BTC. Let's take a second to do a deeper dive into the relay chain and how it operates. The relay chain, how's that shit work? The relay chain uses a variation of the PoS model call Nominated Proof of Stake (NPoS) This allows anyone who stakes DOT to perform one of more of 4 roles in the blockchain: 1. Validator As the name implies validators validate data on the para-chain blocks, and also vote on proposed changes to the network. 2. Nominators Nominators participate in the selection of trustworthy validators on the relay chain by delegating their staked DOT to validators. 3. Collators Collators are nodes that compile data from the para-chains to be added to the relay chain, basically storing aggregate data to add to the whole. 4. Fishermen The narcs of the Polkadot world, they are there to call out bad behavior by validators by monitoring the network. The four of these combine to make polkadot one of the most robust ecosystems in the space, with bridging giving it a ton of room to grow. Of course like all staked coins staking your DOT also gives you the ability to vote on governance and influence the development of the network. This is also a multi tier-d system compromised of: DOT Holders Anyone who holds polkadot is able to vote on proposals that will effect the way the blockchain operates, and can vote to approve or reject proposals as they please. The Council The Council is elected by DOT holders, and are responsible for proposing changes and determine which changes voted on by holders are added to the software. Proposals by council members require less votes in order to be passed. The technical committee Teams that actively build on the blockchain, they are there to make special proposals in the case of an emergency. They are voted in my council members. Now that we've covered some of what makes DOT run, let's talk about it's tokenomics. Total supply: 1 Billion (formerly 10 million) Polkadot was funded largely through two private sales netting them upwards of 200 million dollars, making it one of the most well funded projects in the history of crypto. It's max supply was increased drastically in 2020, with 83% of holders voting to increase the supply to 1 Billion. So u/anotherjohnishere, should I buy DOT? Polkadot boasts one of the more robust ecosystems in crypto, with a substantial amount of potential to grow in the coming years. With a high profile founder, lots of projects coming down the line, bridges to other chains on the horizon, and that sweet sweet 12% staking on Kraken this is a pretty nice part of my portfolio, and will continue to be for the foreseeable future. Be love. Disclaimer: I own $*** in DOT Comment below to request your favorite projects get a deep dive and I'll be onto the next one! [link] [comments] | ||
Posted: 19 Aug 2021 12:48 PM PDT A company that is built on porn is totally changing its own business model because banks and payment processors are forcing them to. If crypto was just a little more mainstream this would not be able to happen. We are still so goddamn early. Change is coming. [link] [comments] | ||
Binance To Have Mandatory KYC For All Products Posted: 20 Aug 2021 12:39 AM PDT Effective immediately, all new users at Binance are required to complete Intermediate Verification to access Binance products and service offerings, including cryptocurrency deposits, trades and withdrawals. Binance said this measure measures to help support its efforts in Know Your Customer (KYC) and AML. [link] [comments] | ||
Posted: 20 Aug 2021 03:19 AM PDT Saw a lot of posts about how people who have invested many years ago after returning from hibernation or prison are unable to access their wallet by just losing their password or seed phrase or forgetting it. Even if it's a small amount now Just Secure it, over the years we will eventually move on with life, you will get married, get kids and Crypto would take second stage you wouldn't care about it much with other commitments going on. In 10 years a lot can change, you could shift houses, change around 3 laptops, shift through 3 or more phones. Somewhere in between all this things are bound to get lost no matter how careful you think you are. Never store password or phrases online, if you use multiple exchanges get a small notebook and write them down and keep them safe, you may think ahhh it's only 100 or so no one would even steal it you're wrong. Treat even your small investments like big investments. Just wanted to bring this to all the newcomers to keep yourself and your money safe [link] [comments] | ||
Unpopular opinion : DOGE played a part in helping to build the crypto community. Posted: 19 Aug 2021 11:48 PM PDT Let me explain. Because of the strong doge community and some innovator named Elton Mask and another investor called Mako Cuba, we have a huge influx of new crypto blood who has never touched or heard of crypto before. I am a regular poker player and i overheard at the table people talking about investing in doge during the pumps. I thought it was quite impressive that a memecoin actually continues to pave the way for crypto adoption and invite new people in and despite their lack of knowledge, they will slowly begin to learn about the space and invest in other projects as well! I have not invested in doge neither will i because i believe there are more powerful projects such as ETH and VET. [link] [comments] | ||
I bought $1k of the Top 10 Cryptos on January 1st, 2019 (JULY Update/Month 31) UP +398% Posted: 19 Aug 2021 09:09 AM PDT
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Posted: 19 Aug 2021 11:18 PM PDT So much for gold being scarce. I know this is all hypothetical at this point, but it goes to show if this at one point becomes reality the price of gold would drop considerably. Meanwhile, there is only 21 million bitcoins, regardless of what happens. Hodl folks, the future is looking good for crypto. The government printers go brrrr 24/7, gold possibly becoming less scarce, ETFs around the corner in the US, already available in other countries, El Salvador making it legal tender. Amazon and Walmart hiring crypto folks....if you don't own bitcoin you should. https://www.the-sun.com/news/3445882/nasa-golden-asteroid-everyone-earth-billionaire/ [link] [comments] | ||
Posted: 19 Aug 2021 04:09 PM PDT CEO of Coinbase: "We recently received board approval to purchase over $500M of crypto on our balance sheet to add to our existing holdings. And we'll be investing 10% of all profit going forward in crypto. I expect this percentage to keep growing over time as the cryptoeconomy matures." Edit: Via Brian Armstrong's Twitter [link] [comments] | ||
Posted: 19 Aug 2021 05:31 AM PDT Your daily dose of Crypto
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It's about the market cap, stupid! Posted: 20 Aug 2021 12:39 AM PDT
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Moon Farming analysis: Finding a correlation between time spent vs karma earned. Posted: 20 Aug 2021 12:24 AM PDT I have started logging my karma earned on a spreadsheet every day, and I had a shower thought if there was any coloration between time spent moon farming and karma earned. My Android device has Digital Well-being enabled which records how much I've spent in each app every day. So I took that data and merged it with my spreadsheet:
Arranging the data by low to high:
So is there any correlation? Most of the time, yes, but you can end up spending less time and getting more karma and vice versa if your comment quality varied or the post did extremely well. You can view the raw data for those who wish to verify this: Digital Well-being data, karma spreadsheet. Note that all the karma's mentioned here are from comments only without apply 2x double comment karma. [link] [comments] | ||
What is one crypto news source you refuse to listen too and don't trust at all? Posted: 20 Aug 2021 03:25 AM PDT What news source regarding crypto will you never listen to the advice they give? Mine is the motley fool. I hate them with every cell of my being, so I hate that they moved from stocks to having crypto news as well. What is the news source you don't trust and will never? [link] [comments] | ||
Posted: 19 Aug 2021 11:32 AM PDT Critical takes don't survive in those spaces. Even contributions praised as "balanced" are extremely biased. 1. Mods are most certainly heavily invested in the project. 2. The majority of users is probably too. The same actually applies to this subreddit if you want a balanced take on crypto currency in general. [link] [comments] | ||
The great thing about China banning mining is that we no longer need to worry about the China FUD Posted: 20 Aug 2021 12:55 AM PDT As we all remember, the China FUD™ was that periodical community event where everyone lost their collective shit because glorious communist empire of the east decided to ban crypto again. Well, this cherished tradition is no more after the fateful ban. Not to dispair, though. Of course we can still look forward to the classic South Korea FUD and eagerly watch as the new American House of Representatives FUD tradition develops. Seeing the China FUD go is a somber reminder that nothing ever lasts in life, but seeing what will now take its place makes for exciting times, nevertheless. [link] [comments] |
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