Cryptocurrency AMA with ShapeShift DAO, the largest company ever to entirely decentralize; featuring Erik Voorhees, one of crypto's most influential and respected pioneers. Ask us anything. |
- AMA with ShapeShift DAO, the largest company ever to entirely decentralize; featuring Erik Voorhees, one of crypto's most influential and respected pioneers. Ask us anything.
- Daily Discussion - September 11, 2021 (GMT+0)
- Let me tell you about Portugal for crypto living
- Kim Kardashian is recklessly pumping "Ethereum MAX" scam to her 250M followers on Instagram. This is the kind of scam the SEC must put a stop to, not prevent people from earning interest on their stablecoins. There are securities fraud laws against celeb pumping scamcoins
- We should start naming crashes and dips like we are naming hurricanes.
- Be prepared for a dump on Cardano tomorrow (or shortly after)
- Who else feels like investing has taken priority over hobbies in the hopes that the gains will let you pursue those hobbies at a higher level?
- Why does CoinMarketCap promote altcoins when cryptocurrency market is based on founding projects like Bitcoin or Ethereum?
- A dormant address containing containing 2720 BTC ~ $125 Million has just been activated after 7 years
- Was trying to send myself .05 ETH and it was going to cost me .03 ETH, why do I even have it if I can't use it?
- Nearly 20% of all U.S. Dollars ever Created in Over 100 Years were Printed in 2020
- $Tomo is currently being used by the Vietnamese Government & CBDC soon. Why is Tomochain so undervalued ?
- Germany is currently Overtaking the U.S. in the Number of Bitcoin Nodes, Becoming Leading Country with most Nodes
- Something's fishy. Almost unbelievably so.
- Treasury Dept. Under Biden, will monitor all US bank accounts over $600, and will apply to Cryptocurrency.
- Market might be in red for now but Crypto has made me 6 Months of salary in 1 Month.
- Buying Bitcoin today as a retail investor will not make you a millionaire.
- BTC went from $29K to $50K with zero correction. The current correction is the first in this new uptrend. Don't panic, be patient. This is a great opportunity to accumulate more for the end of the year that will be phenomenal.
- SEC is in the same country where the metric system is not used
- Tell me your worst crypto trading mistake and I will judge you in one sentence
- I'm not here to become a millionaire, i'm here 'cause have no other option!
- El Salvador making Bitcoin legal is already having ripple effects. It is bigger than most people think.
- Cryptocurrency exchange Binance announces it will support the launch of Cardano’s upcoming smart contract mainnet.
- Big win for Crypto in the conclusion of Epic Games v. Apple lawsuit! Apple has to allow payments within apps rather than forcing all transactions to go through the app store. This opens the door for Apple and Google apps to accept Crypto
- Today my son called me for a loan as he over invested himself into Crypto
- The Bullish Case for Tezos, with ETH-DOT-ADA advices
- El Salvador: Foreign Investors are now Exempt from Tax on Bitcoin Profits
| Posted: 10 Sep 2021 04:55 AM PDT Our crypto community is honored and excited to have our first AMA as a decentralized organization right here on Reddit. It only felt right to hold it right here, where some of the crypto's earliest ideas were spread and evangelized. The ShapeShift team is nothing short of inspiring in creating a number of successful products for the crypto community. We humbly announce that ShapeShift co-founders Erik Voorhees (u/evoorhees) and Jon ShapeShift (u/shapeshiftjon), as well as Willy Ogorzaly (u/willyf0x) foundation head of decentralization and engineering leader Josh (u/joshuaforman) , whom have been fighting, innovating, educating, and shaping the blockchain industry for nearly a decade are joining us for an AMA! Not many people, especially those that are fairly new in this space, know about the extreme hardships, intense pressure, threats and persecution that the early pioneers endured to help shape the thriving crypto-space we see today. So feel free to ask away, whether it be historical or about our future 🙂 Did we mention we have NFTs & other freebies to give to this awesome community? Some references links: ShapeShift's decentralization announcement and details: https://shapeshift.com/shapeshift-decentralize-airdrop Recent Coindesk feature: https://www.coindesk.com/markets/2021/08/18/shapeshift-daos-and-the-future-of-work/ Erik's detailed decentralization post: https://erikvoorhees.medium.com/shapeshift-is-decentralizing-639bb4c82fc8 And of course, a lot of good resources on the official site and an inner look at the DAO community in Discord. The AMA will officially begin at 1:00PM (Denver, Mountain Time) but the thread will be opening now for questions. [link] [comments]  | ||
| Daily Discussion - September 11, 2021 (GMT+0) Posted: 10 Sep 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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| Let me tell you about Portugal for crypto living Posted: 11 Sep 2021 02:47 AM PDT In Portugal, as of now, there are no taxes over crypto assets or gains. Cost of living is cheap compared to average European. Infrastructure is good. Roads, water, sanitation, power, Internet. All is in place. Weather is good. Not much rain. No snow. Hot summer. Nice beaches. Food is great. Tasty and diverse. Meat, fish, vegetables, there are options to all tastes. My retirement plan is to open a crypto friendly hotel where not only crypto is accepted as payment but we'll have workshops, discussions and a real crypto community enjoyng. One day I'll get there and you'll be welcome. If you want a nice country to enjoy a good crypto life, that is Portugal. [link] [comments]  | ||
| Posted: 10 Sep 2021 11:40 AM PDT
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| We should start naming crashes and dips like we are naming hurricanes. Posted: 10 Sep 2021 07:59 AM PDT I know it sounds dumb and maybe it is, but we had so many crashes and dips in the last time it's hard to talk about them. E.g. a totally real convo, that happens everyday. "The crash of june was so hard dude" "Which one you mean? The first, second, third? 2021 or 2020? Dafuq are we talking about" See? It's really hard. Now with names: "Dude, Veronica really destroyed my Portfolio" "Man, Veronica was nothing, remember Dave? Even fucked my good ol' ADA. Dude was fucking devastating." See? No confusion. Also it's hilarious. [link] [comments]  | ||
| Be prepared for a dump on Cardano tomorrow (or shortly after) Posted: 11 Sep 2021 02:15 AM PDT As you may or may not know, Cardano (ADA) is launching smart contracts tomorrow after what seems like forever, which is great! I'm very happy this is finally coming for all you ADA holders and speculators, I only hold a small amount but It's great to see progress on all the projects. However... The most likely scenario is that the news and launch smart contracts have already been priced in and will dump after the launch. This does not mean that ADA will not go up more in the future, but I do expect a dump for the next couple of days or even week followed by a slow rise to ATHs. Please be aware of this and DON'T panic if the price drops heavily [link] [comments]  | ||
| Posted: 10 Sep 2021 04:45 PM PDT For me I love cars. Not in the "fleet of lambos" way but in the "track prepped Miata" kind of way. I love driving and would love to do more track days, autocross, and even get into spec racing if I could afford it. But, I feel this impending wave of crypto coming and because of that I feel like I can't indulge in pursuing a somewhat expensive hobby until I cash out with a stack set aside to reinvest with. Anyone else feel that kind of constant pressure to invest and save at all costs, gambling that it'll pay off for later fun? [link] [comments]  | ||
| Posted: 10 Sep 2021 08:07 PM PDT It is not a hate post, since new tokens and projects are always welcomed, but recently I started hating the hype tokens that grab all the attention and make people hype them without any value.
This is a good example:
CoinMarketCap Top 10 trending tokens in America for a week post: https://imgur.com/YCJcF1q
Why we don't see any valued or worthy project here literally? What is the American market doing right now, these are all memecoins as they call it. It should be changed since these tokens have no value at all.
A lot of new investors and crypto users use this site to get information and statistics! Why coins and tokens with names that make no sense have no real value are way trending than the main projects that literally bring in value.
Also do you think that this is one of the reasons why the market is going down a bit right now and it's very unstable?[link] [comments]  | ||
| Posted: 10 Sep 2021 12:32 PM PDT
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| Posted: 10 Sep 2021 12:58 PM PDT It has been so frustrating lately, and I understand that it is a good thing over all to see this much traffic, but this is ridiculous. Imagine if you had to pay an additional 50% on every transaction at the store? The whole thing has completely put me off of Ethereum at least for now. I know I'm going to get a lot of crap for this, but today I completely converted my ETH to other coins, all except what I have staking on Coinbase. Maybe I'll come back when I hear this problem has been fixed, but until then, I'm moving on to other projects. I do know I can't be the only one who feels the same way though. [link] [comments]  | ||
| Nearly 20% of all U.S. Dollars ever Created in Over 100 Years were Printed in 2020 Posted: 10 Sep 2021 06:10 PM PDT
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| Posted: 10 Sep 2021 07:09 PM PDT $Tomo is being used by MOET in Vietnam to store and secure the entire nations diplomas/certificates. Roughly 1.5 million a year. One of the first if not the first crypto being utilized by Government to solve a real world problem. It is also working with the Vietnamese government to create a CBDC (Central Bank Digital Currency.) With a supply of 100 Million and real life use cases + utilization, not to mention 2000 TPS and near 0 transaction fees, I'm curious to why is it still so undervalued ? My main purpose of this post was to bring a deserved & undervalued coin some attention but also I'm genuinely confused to why this gem hasn't pumped yet. My Sources: [link] [comments]  | ||
| Posted: 11 Sep 2021 02:55 AM PDT
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| Something's fishy. Almost unbelievably so. Posted: 10 Sep 2021 06:35 PM PDT ...and that is putting it mildly --MicroStrategy supposedly buying the orange coin hand over fist --El Salvador adopting it as one of their official currencies --Other countries putting forth resolutions to do similarly --Several cities in the US (and other places) considering adopting it for government workers --Increased decentralization because of miners being forced out of China --Supposed increase in % of miners using clean energy Then there is Vitalik's coin... --Nearly a billion USD burned since EIP-1559 went into effect --NFTs booming --DeFi booming --2.0 on the horizon --Rumblings of Twitter integrating the orange coin AND Vitalik's coin If all of these things are accurate, we should be way higher than we currently are. It doesn't fucking add up. I've never been one to buy into the whole manipulation thing or conspiracy theory stuff, but something just doesn't feel right. I don't know what is going on, but I'm starting to believe we (the crypto community) are being fucked with. [link] [comments]  | ||
| Posted: 10 Sep 2021 03:29 PM PDT The move to monitor all accounts over $600 can be found in the gov website link below. Starting for 2022 fiscal year and will apply to "crypto asset exchanges and custodians." https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf Imagine trying to audit all accounts including your crypto? TBH, it's a bit of an over reach. People with under X amount of cash in their accounts isn't a security issue in this country. Has nothing to do with your safety this move. We already have to report our crypto holdings mandatory on exchanges like Coinbase. Now it has to be monitored ? You know....Just in case some new investors $1000 worth of Eth is being used to fund world wide terrorist organizations. Really this is BS. There's just been a constant attack on cryptocurrency which seems neverending, but you'll never hear anything about a constant attack on banks that continue to facilitate a illegal transactions. [link] [comments]  | ||
| Market might be in red for now but Crypto has made me 6 Months of salary in 1 Month. Posted: 10 Sep 2021 10:53 PM PDT I belong to a country where crypto is banned and probably half of the country have no idea about what crypto is. When I first started traded in Feb 2021 my dad told me not to, he told he heard this is a scam and people lose money everyday (Just like recent flashcrash) I did my graduation in Software Engineering and knew about blockchain, so I still went ahead I somehow traded my CSGO skins with my friends and they bought me crypto on Binance, then later I found out I can buy from P2P trading little expensive but it is what is. I was down 50% in May/June I still didn't lose hope it's not like I was born rich, so I kept DCA'ing with the little bit money I got from my job. Recent pump of August has made 6 months of my salary and I'm still in profit. I wake up everyday with a smile on my face I know I'm heading towards the financial freedom. One day when I have enough to support my family I will tell my dad I'm buying all this from CRYPTO. [link] [comments]  | ||
| Buying Bitcoin today as a retail investor will not make you a millionaire. Posted: 10 Sep 2021 06:27 PM PDT I don't give a shit if you think it's going to 100k by the end of the year, or $1M in five years. You will not get rich on Bitcoin. Here's why: Let's say that BTC doubles by year end and we're sitting at 100k (a theoretically possible, but very optimistic scenario). Buying today means that you doubled your money at year end. Congratulations. Your $1000 buy is now $2000. Your 10k buy is now 20k. In five years, assuming that you don't shit your pants in a bear market and sell your 0.0217 BTC, and assuming that BTC somehow makes it to the insane valuation of $1M, you now have 20k, or 200k, respectively. But on no planet in the universe does a sub-100k buy of BTC at today's prices turn you into a millionaire, even in the most favorable circumstances. This is why many of us focus on other coins and tokens. It's not because we don't believe that BTC is a great coin with fantastic growth possibilities. It is. But the opportunities for stratospheric percentage gains are gone. Huge dollar value gains equal smaller percentage gains. Other coins may not overtake BTC in per coin price. But they need much smaller gains to yield the same result for retail investors. If Cardano goes to $5, that's the same as BTC going to 100k. If ETH goes to $7000, that's the same as BTC going to 100k. If Algo goes to $4... you get the point. I'm not saying that BTC won't go up substantially. I'm saying that tiny fish won't turn into whales with it. Edit: math error. 5 year projection should be 20k and 200k, not 10k and 100k. Thanks for pointing it out in the comments. [link] [comments]  | ||
| Posted: 11 Sep 2021 12:14 AM PDT Bitcoin has risen from $29K in July to just over $50K in early September. This increase was done without a big correction. So the normal correction is normal, and even healthy for Bitcoin to go higher in the last quarter of 2021. Don't panic, be patient. See the current correction as an opportunity to accumulate more BTC for what lies ahead in the market in the coming months. The Bitcoin price is holding the $44K support for now, but it is not out of the question that it will test $40K in the coming days. September has generally been a red month for Bitcoin for several years now. No reason for that to change this year with the usual uncertainty in the financial markets after the summer holidays. Those who can control their emotions and see things the right way during this period will be among the big winners at the end of the year. As usual, if I may say so. [link] [comments]  | ||
| SEC is in the same country where the metric system is not used Posted: 11 Sep 2021 01:23 AM PDT Yes... Figure that out... Poor fellas.. Anyways... Being myself part of the "rest of the world" i feel mostly part of times very annoyed by the idea that SEC's news, post, decisions are being highlighted as worldwide ones... and yes, yes... I understand that SEC decisions on crypto may affect the whole ecosystem but why can't the media, Internet and people point out that the world will still spin around and there will be countries approaching crypto in completely opposite ways than SEC ones? SEC news are about sticks in the weels but we, the world, will keep walking. [link] [comments]  | ||
| Tell me your worst crypto trading mistake and I will judge you in one sentence Posted: 10 Sep 2021 11:23 PM PDT Title says it all but to explain further, Tell us your worst crypto trading mistake for example fomoing into a shitcoin or buying a coin at its peak. Tell us and I will reply to your comment and summarize your entire crypto trading strategy/ personality in one sentence. I want it to be a light hearted thread because I feel like everyone needs a laugh right now. I need more characters to fill the 500 character post minimum but I don't know what else to say D: I'll go first and you guys can shit on me all you want: I bought OMI at its peak [link] [comments]  | ||
| I'm not here to become a millionaire, i'm here 'cause have no other option! Posted: 11 Sep 2021 02:13 AM PDT So, the title says pretty much everything. I entered Crypto world when I realized there was no other viable option for me. I mean, where can a millenial europoor throw some money, with some expectations of making a few bucks?? Sure, I have some stocks (100% meme stocks) but appart from that, i'm all in crypto. And it's funny when I see boomers not understanding our perspective. I can't afford a house, I can't even afford to rent a house, even though I did everything society told me to: took a master degree, been working and paying my taxes. And all for wut?? So yes, crypto for me is simultaniously 2 things: the way future seems to be heading and the best way to leverage my financial position. I'm mostly long (been staking a lot of my coins), but ready to do trading in about 20% of my portfolio. And I think that's part of the reason why crypto will be here for a long long time. Because for many of us, there's no better place to pour our FIAT. In many cases is not even being bullish in crypto, but bearish in the ways society have been treating us. Does it make sense for you guys? [link] [comments]  | ||
| Posted: 10 Sep 2021 04:38 PM PDT Just a month after El Salvador announced they were making Bitcoin legal tender, the central bank of my country announced that they will be legalizing Bitcoin since it was now a currency of another country. What's more is that now you have Panama, Ukraine, Belarus and a few other countries looking into adopting crypto. A sovereign country making Bitcoin legal tender is huge for global adoption. No matter how small El Salvador is, it still holds the same weight in the UN as let's say the US in terms of voting power. Not only that, countries that rely heavily on remittances or have high inflation will be benefiting a lot from Bitcoin. In just 11 years of existence, Bitcoin has already become legal tender of a nation. It just proves that the cryptocurrency community has been right all along. [link] [comments]  | ||
| Posted: 11 Sep 2021 02:26 AM PDT
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| Posted: 10 Sep 2021 11:30 AM PDT
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| Today my son called me for a loan as he over invested himself into Crypto Posted: 10 Sep 2021 07:29 AM PDT Today I got a shocking surprise and an unexpected call from my son who's 38! Just to give you guys some perspective, I'm his superb mum, knee deep into Crypto but I never told him or any family members about it. So, He barely calls me but when he does, it's always great to hear from him. Quick story short, he told me he over invested himself into Crypto (what a noob) over the past few weeks (as if I don't know what's DCA is...). Poor lad run out of money and was wondering if I can loan him some cash for him to go over this month. Lol! If he only new that's I'm quite a lurker in this sub and I was lucky to make some great gains on SOL, ONE and Algorand based on some shillers past recommendations in this subreddit. I immediately took off some profits and offered him some money and told him to reimbursement me whenever his portfolio made it to the green. Secretly, I'm very proud and grateful that my kiddo is into Crypto for a better future and did congratulate him! I'll call him next week and tell him to subscribe to this sub and start reading some advices and maybe try to get some moons. Tldr: don't invest more than you can afford too son, from mum ❤ Edit: love your responses guys and some very funny. Much love. Can't reply to all of you as I'm having a tea party with the other mums in the areas 🫖 [link] [comments]  | ||
| The Bullish Case for Tezos, with ETH-DOT-ADA advices Posted: 10 Sep 2021 09:34 PM PDT
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| El Salvador: Foreign Investors are now Exempt from Tax on Bitcoin Profits Posted: 10 Sep 2021 04:12 PM PDT
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