Cryptocurrency Moon week (Round 16) - Please review the snapshot and vote on governance polls |
- Moon week (Round 16) - Please review the snapshot and vote on governance polls
- Daily Discussion - August 6, 2021 (GMT+0)
- Never forget
- Last year I almost bought iPhone 11 Pro Max. Instead I bought Note 10 Lite and invested $700 in crypto. Now I can buy 3 Iphone 12's lmao don't buy stupid shit.
- White House comes out in support of Warner-Portman-Sinema crypto amendment, and against the Toomey-Wyden-Lummis plan. The former is disastrous for crypto and specifically against Proof of Stake
- If you're from the US, it's time to save crypto from the desastrous infrastructure bill amendment
- Coinbase CEO Brian Armstrong says proposed crypto tax rules 'make no sense' and will push innovation out of the US
- The founder of Cardano, Charles Hoskinson, has been staking $1 Billion in ADA, making $40,000,000 in passive income per year. This is the dream boys.
- Reduce the cost of Reddit Moons required to purchase Special Membership
- Charles Hoskinson on The Infrastructure Bill, and how to Organise. Forget maximalism, tribalism... This affects us ALL
- Dont forget to vote for 5% moon bonus!
- Someone just sent a $430 million Bitcoin transaction for a fee of $82, although a $0.80 fee would have been enough. $430 million instant settlement with no middleman or banks involved.
- Charles Hoskinson hits the nail on the head speaking about the infrastructure bill amendment regarding crypto.
- I've been using a trading bot that buys coins based on what reddit thinks about them for over a month now, here are the results
- I just reached [x coins] and I couldn't be happier.
- Ethereum Is Burning $10,000 Every Minute After EIP-1559 Upgrade
- Reduce the karma value by 50% for the daily discussion threads
- I bragging to my friends about my crypto in 2016 and now they are asking me for money. Don't make this mistake.
- Proposal for governance: Increase karma by 25% for text posts
- Why are there so many comments and so little upvotes?
- Coinbase Integrating Apple Pay, Google Pay for Crypto Purchases
- Crypto feels like a 21st-century gold rush to the uneducated
- Coinbase CEO Brian Armstrong says proposed crypto tax rules 'make no sense' and will push innovation out of the US
- Sorry if people keep posting about this but please please please contact your senator regarding the new infrastructure amendments
- We're WAY too early, for this sole reason:
- MODS: Can We Please Pin Known Active Scam Smart Contracts & Dusting Attacks To The Top of The Sub ?
| Moon week (Round 16) - Please review the snapshot and vote on governance polls Posted: 05 Aug 2021 10:43 AM PDT Hello everyone and welcome to your second official Moon Week! Moon Week began yesterday with the snapshot post by the admins, which can be found here. Check it out to see how many moons you'll be getting next Wednesday at the end of Moon Week. This Moon Week sticky will remain pinned to the top of the subreddit until next Wednesday to give exposure to our governance polls for this month. Please review the polls below in their entirety, participate in discussions, and vote! You get a 5% moon bonus for voting!
Please note, you can't change you vote after it has been cast so be sure to do sufficient reading and consideration first Harassment of other users is strictly forbidden. Please keep all discussions about the polls and ideas, not the author. Please note that all governance polls need to be posted as a pre-proposal in r/CryptoCurrencyMeta for community feedback and mod approval. You can do this at any time during the month and if you wait until just before the next moon week it is unlikely we will be able to approve it in time. For more information about moons, please see our wiki page here. It is an ongoing effort to document what Moons are and how they work. If there is anything that isn't included or sufficiently clear, please ask so we can answer you and improve the wiki page [link] [comments]  | ||
| Daily Discussion - August 6, 2021 (GMT+0) Posted: 05 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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| Posted: 05 Aug 2021 03:50 PM PDT | ||
| Posted: 05 Aug 2021 09:25 PM PDT Pretty much the title. iPhone 7 broke, which actually lasted me a long time and was a good phone. Something with the charging port fucked up and decided it was time to upgrade. Looked an at iPhone 11 but it was so god damn much money. So I decided to try Samsung out and bought one of the cheaper models. This phone has actually been amazing, and only for like $300. I took the rest of the money and invested in crypto. Now I can buy 3 iPhone 12's if I wanted to. Don't buy stupid shit. Just buy what you need and invest the rest. Too the moon boys. [link] [comments]  | ||
| Posted: 05 Aug 2021 07:16 PM PDT The White House has signalled that it will support the last minute amendment by Warner, Portman, Sinema over the plan proposed by Toomey Wyden Lummis The former plan is even more disastrous than the original text without amendment It heavily regulates crypto tech and stifles innovation, industry, and jobs in the US. In fact it makes out an node reporting exception just for proof of work chains, excluding proof of stake. While the Wyden Lummis plan promotes innovation and technology and financial freedom and human rights. But the White House is over ruling this This is a complete joke. 70 and 80 year old Dinosaurs who have no idea about crypto are squashing the entire industry for laughs and gags while being sponsored by banks. Edit: The Warner Portman Amendment against Proof of Stake even harms Lightning Network, imposing harsh reporting requirements. BTC Maxis were lobbying hard against Proof of stake and begging their legislators to take steps against PoS chains. The new classification does exactly that but sticks a dagger into LN as well. A tale of trying to harm others coming back to stab you in the back.. within 24 Hours! BTC Maxis are really THIS dumb. They have zero vision to see past their limited point of views, and are actively taking steps to damage the entire space, oblivious to the fact that the flame they fan will land on their own homes White House and Congress fighting over Proof of Work vs Proof of Stake. While they are living example of Proof of Mistake Edit 2 : Many crypto law experts are claiming they did not see the 2nd Amendment coming in at all, and it seems to have shocked them. Its baffling who is behind this last minute distiction between proof of work vs proof of stake, and why such text is being inserted into an Infrastructure Bill. Easy to see imo...who wins from doing this..? Both Warner & Portman are, as expected, funded by big banks and investment institutions. Portman is funded by BlackRock, American Financial Group, other archaic institutions that derive great benefit from over regulating DeFi/Proof of stake networks. Warner is funded by Goldman Sachs. By making DeFi hard to access for end users, these institutions get to keep their close sources legacy financial system that oppresses its participants and funnels wealth to those at the top. Sen. Portman is even retiring next month. His absolute last act as a Senator is to attempt to kill innovation in finance, kill individual freedom , and instead enslave people to behemoth corporations. These are the dinosaurs that the country deserves? Why are these people who have zero stake in tomorrow writing laws that will harm millions of tomorrow's kids and prevent them from accessing an open and inclusive financial system? [link] [comments]  | ||
| If you're from the US, it's time to save crypto from the desastrous infrastructure bill amendment Posted: 05 Aug 2021 06:19 PM PDT A new amendment was introduced last minute that would make it essentially illegal to participate in PoS networks, or running a Lightning Network node. Ask your senators to vote YES on Wyden-Lummis-Toomey amendment to the infrastructure bill, and vote NO on the Warner-Portman amendment. I said something along these lines when I called:
Info on the amendment: https://twitter.com/jerrybrito/status/1423429377459736577 Your senator's phone number can be found here: https://www.senate.gov/senators/senators-contact.htm This website directly connects you to your senator with a script you can read off of! Save crypto, do your part. [link] [comments]  | ||
| Posted: 05 Aug 2021 09:05 PM PDT
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| Posted: 06 Aug 2021 02:15 AM PDT I just watched the Coin Bureau video about ADA. This dude Charles Hoskinson is staking AT LEAST $1,000,000,000 in ADA right now... which is making him $40,000,000 per year in passive income. When I heard those numbers like holy fucking shit that's insane. Congrats to this guy for his project doing so well! It's mind blowing how 15 years ago none of this was even thought out and now people are making millions just from staking, and we're still in the beginning. The future is only up! [link] [comments]  | ||
| Reduce the cost of Reddit Moons required to purchase Special Membership Posted: 06 Aug 2021 12:43 AM PDT As the title says, it requires 1000 Moons to purchase Special Member which is 310$ worth of real-world money. Moons don't actually hold value yet, as it's still in the testing face, but xMooons do, and they are currently priced at .31 Cents per moon. So I propose we reduce the cost of moons required every month as per the pricing of xMoons. There will be a fixed price set by the mods which will then be used to evaluate how much moon is required for the month. It may also be easier to implement the pricing of actual moons into this system once the Main Net launch has happened. So it's a win win situation. [link] [comments]  | ||
| Posted: 05 Aug 2021 11:01 PM PDT
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| Dont forget to vote for 5% moon bonus! Posted: 05 Aug 2021 11:14 PM PDT Friendly reminder to vote on the governance poll. To get a extra 5% bonus on your upcoming moons distribution. Also if you HOLD your moons, wich u earned. U can get a extra 20% on the next distribution. So HOLD and Vote for a monthly extra 25% bonus on distributions. To the 🌕🚀 [link] [comments]  | ||
| Posted: 05 Aug 2021 04:03 AM PDT
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| Posted: 05 Aug 2021 09:01 PM PDT Here's a link to the stream he just did speaking on the subject: youtube.com/watch?v=JEF8dwF36qY&ab_channel=CharlesHoskinson If you love crypto and don't want to see innovation stifled and exported to more regulatory-friendly countries, please contact your representative. This affects everyone and is particularly detrimental to proof-of-stake protocols like Cardano and eventually Ethereum. Below are some resources I've borrowed from another post urging people to contact their representatives. Info on the amendment: https://twitter.com/jerrybrito/status/1423429377459736577 Your senator's phone number can be found here: https://www.senate.gov/senators/senators-contact.htm Here's a script you can use, but if you want to use your own language that would be encouraged: "Hi, I'm calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you." Please vote YES on Wyden-Lummis-Toomey" Please help speak for our community. [link] [comments]  | ||
| Posted: 06 Aug 2021 03:00 AM PDT
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| I just reached [x coins] and I couldn't be happier. Posted: 05 Aug 2021 04:53 PM PDT I've been in crypto for [x time] now, mostly holding [x crypto] and not much [other crypto]. I know that this isn't a huge achievement compared to everyone else on this subreddit, but my [low income/ illness/lack of time] has made it quite hard for me. However, finally after [x time] I was able to reach [x goal]. My friends or familily don't understand crypto, so I just wanted to share this with you guys because I'm super proud of myself after reaching [x goal], but most people I know wouldn't really care.I think everyone can reach their [x goal] by holding and DCA'ing for [x time], after doing their own research. Moons, Incesting and Vitalik good, binance and Elon bad, not your keys not your coins, Bitcoin 100K till the end of the year, ETH flippening is coming. Thank you for reading We are early ! [link] [comments]  | ||
| Ethereum Is Burning $10,000 Every Minute After EIP-1559 Upgrade Posted: 05 Aug 2021 08:56 AM PDT
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| Reduce the karma value by 50% for the daily discussion threads Posted: 05 Aug 2021 09:14 AM PDT I have a few issues about daily discussion threads. I'll state those issues, the decision is up to you.
My solution: Reduce the karma by 50% for the daily threads. This will reduce the incentives for moon farmers and the volume of comments, so moderators can moderate more effective. This also will help balance the moons ratio. Thanks. <Posted on behalf of the original author per their request> [link] [comments]  | ||
| Posted: 05 Aug 2021 10:02 PM PDT In 2016 I turned like $500 into $4,000 and was bragging to my friends about it. The entire time I was like "Look at this guys look at this!" and trying to get them to get into it. They gave me usual shit about "it's a scam dude try to cash out" "it's going to crash" "yeah that sounds like bs" "Yeah I used that to buy drugs in 2014 it's illegal"... Over the years it's come up a few times and I told them I've kept investing into it because this could be the future of finance. Now in 2021 these people think I'm rich as fuck. To be fair, compared to someone who owes $20k on a car and $40k in student debt, I am rich as fuck. Keep in mind, these are not my close friends, just friend that are fun to hang out with every couple weeks. They are asking to borrow money because they "know I have it" and they really really need it right now. It's like man I have enough money to cover my own emergency, I don't have new house money and even if I did I'm suppose to give it to you just because...? Now I'm the asshole because everyone thinks they know how much money I have and I won't give any to them. Jesus Christ people are fucking stupid. Don't tell anyone about how much you invest in crypto. Probably good to just not talk about it at all with certain people. [link] [comments]  | ||
| Proposal for governance: Increase karma by 25% for text posts Posted: 05 Aug 2021 10:29 AM PDT This proposal is to increase the karma multiplier for text posts, eligible towards moons, by an additional 25% for text posts, in other words the posts created in the "text" tab, which require people to type up their own original posts with a word count minimum. Currently comments are doubled, and comedy posts count for only 10%. The rest has no multiplier. This will mean that text posts that people type up will be worth 25% more than polls or link to articles. Text posts will still be bound by the 1K limit. The 25% will not increase that limit. This may also reduce the gap between text posts and daily comments, without needing the proposal that reduces daily posts by 50%. I'm not going to get into the details of pros and cons, or give you a full sales pitch, I'll leave that to discussion below in the comments. Feel free to discuss it, and even propose better alternatives if you don't like this proposal. If you don't like it, I'll gladly hear your views, and encourage you to vote against it if you find it problematic. [link] [comments]  | ||
| Why are there so many comments and so little upvotes? Posted: 05 Aug 2021 10:14 PM PDT There are SO MANY comments. This is just my observation. But it feels like every posts gets more comments than in other subreddits. But the upvotes never follow. This could mean one of two things: 1) people are stingy. They realize if they upvote others, they get less moons for their upvotes. 2) More people like to comment and discuss crypto? Comments could get more upvotes than posts do. Tldr; every time I post I feel like a meat loaf dangled into a pool of piranhas because of all the comments on posts here. [link] [comments]  | ||
| Coinbase Integrating Apple Pay, Google Pay for Crypto Purchases Posted: 06 Aug 2021 02:02 AM PDT
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| Crypto feels like a 21st-century gold rush to the uneducated Posted: 05 Aug 2021 04:14 PM PDT Everybody trying to find the right land (crypto) to start to mine (DCA, miners, staking) on. Some people FOMO trying to get to the right land, only to find no gold at all. Sometimes they're told about other people getting gold somewhere, and when they get there, it is all gone. Sometimes people wind up on gold without even knowing it just by staying put for a long time, plugging away in the same space. [link] [comments]  | ||
| Posted: 05 Aug 2021 01:02 PM PDT
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| Posted: 06 Aug 2021 02:38 AM PDT It took me 3 minutes to contact my local senator and voice my support for the pro-innovation stance of the amendment. Definitely 3 minutes I am not going to regret spending. The current infrastructure amendment AFFECTS each and everyone of us. The current amendment categorizes validators of stake pools as "brokers" and requires them with comply with impossible-to-implement KYC procedures. VERY VERY VERY IGNORANT. This is not only limited to POS systems of the present but will also affect POW systems in the future if such an amendment is allowed to pass with no opposition. This is absolutely ridiculous. This is not about taxes. This is about uninformed/malicious law makers trying to regulate the markets in AN EXTREMELY ignorant manner. They are purely targeting the developers and validators. This is a very anti-innovation move with absolutely no upside. Use this link to find the contact details of your local representatives and support the " Wyden, Toomey, and Lummis stance" which supports better phrasing of the amendment and recognizes the difference between brokers and developers/validators. Example of how the call should go: "Hi, I'm calling to ask that you support Senator Wyden, Toomey, and Lummis's amendment to the cryptocurrency provision of the infrastructure bill (H.R. 3684) . This amendment will ensure that the provision does not dramatically expand financial surveillance, harm innovation, or undermine human rights. Policies that impact basic freedom and the future of the Internet should be debated carefully and should never be attached to must-pass bills. Thank you." [link] [comments]  | ||
| We're WAY too early, for this sole reason: Posted: 05 Aug 2021 01:25 PM PDT Fuckin' boomers. I'm not kidding. They're not investing as much as us. "Bitcorn... I don't trust that. A few years ago there was a polemic with that where everybody was in it and it lead to nothing... I think it was called something go... " I'm not joking. My father thought Pokemon Go was something related to cryptocurrency. [link] [comments]  | ||
| MODS: Can We Please Pin Known Active Scam Smart Contracts & Dusting Attacks To The Top of The Sub ? Posted: 05 Aug 2021 10:51 PM PDT There are three huge airdrop scams on BSC right now, which i know many of us are aware of, but each day brings multiple new posts of traders who lost the entire contents of their wallet — so this information isn't getting around quick enough. Minereum BSC
VeloChain.io
TheVera.io
These tokens appear to be worth hundreds of thousands or millions of dollars, and are littered all over the blockchain. simply interacting these smart contracts gives the devs approval to remove any assets from your wallet. this is not subjective, or disputable. these are very much scams. and there are likely many more to come. if we keep letting them succeed, theyll keep scamming. they only stop when there's no money to be made. can we please have information like this impossible to overlook? let's have each others backs. and fuck these scumbags for stealing from regular traders. [link] [comments]  |
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