Cryptocurrency Daily Discussion - October 3, 2021 (GMT+0) |
- Daily Discussion - October 3, 2021 (GMT+0)
- Vitalik on creating ETH: “I happily played World of Warcraft during 2007-2010, but one day Blizzard removed the damage component from my beloved warlock’s Siphon Life spell. I cried myself to sleep, and on that day I realized what horrors centralized services can bring. I soon decided to quit.”
- 1 in 5 Aussies believe cryptocurrency is the secret to homeownership, rather than leaving their savings in a bank earning record low interest. 39% think cryptocurrency is a good alternative to buying an investment property.
- Two simple ways I earn FREE crypto daily by doing what I'm doing anyway (worth hundreds, literally)
- The top “People are sleeping on x” posts on /r/cc before 2021, the prices of these tokens and where they stand today...
- Bitcoin hashrate is on fire after El Salvador started geothermal volcano mining, almost back to all time high hashrate. Hashrate and price usually go hand in hand. We could be in for some fireworks soon
- Dude gets kidnapped, robbed, and left for dead. He survived and now its trying to get Binance to freeze the funds that were taken from him by his perpetrators.
- Impermanent loss while providing liquidity explained.
- PSA: If you were threatened by the Compound CEO, do NOT return that money.
- Hi Redditors! I'm giving away 110 Nano (~$500) AND sending some Nano to EVERY commenter. No strings attached!
- Jim Cramer Told Us to Sell All Our Bitcoin 12 Days Ago after himself buying High and Selling Low: We would have missed out on a nearly 20% Gain
- post a coin and we roast it #3
- On this day 8 yeara ago, Bitcoin price 'plummeted' to $109.76 after Silk Road closure.
- Visa, Reddit, Twitter, Tiktok and JP Morgan are now all Using Ethereum
- Do you put away crypto for your kids?
- If your portfolio hit $100k today, what would you do?
- More than 60k$ in transaction fees
- Does anybody else live way below their means to have extra FIAT to put into Crypto?
- Crypto CEO threatens customers after mistakenly sending them millions
- Construction begins for nuclear powered bitcoin mining facility in Northeast Pennsylvania
- It's done! Six zeroes were removed from the Venezuelan currency yesterday, hyperinflation at its best! This is why crypto is important! Two days ago one BTC was 220,000,000,000 Bs. (old) today is 220,000 Bs. (new)
- I did it! Finally! I got him onboard!
- Texas Poised To Be A World Leader In Bitcoin And Blockchain
- Bitcoin has finished October with Massive Gains 78% of the Time since 2013
- The amount of ETH burned would be #85 by market cap
- Inflation in Germany might hit 5% soon and many banks about to penalize accounts with more then 5k€!
| Daily Discussion - October 3, 2021 (GMT+0) Posted: 02 Oct 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:
[link] [comments]  | ||
| Posted: 02 Oct 2021 05:00 PM PDT
 | ||
| Posted: 02 Oct 2021 07:58 PM PDT
 | ||
| Two simple ways I earn FREE crypto daily by doing what I'm doing anyway (worth hundreds, literally) Posted: 02 Oct 2021 01:08 PM PDT This post was inspired by two things:
A couple months ago I started looking for free ways to earn crypto that would match my criteria:
After looking at the options available, here's what I discovered: I can earn free crypto by engaging in two activities I spend an immense amount of time on daily anyway! And it isn't necessarily just "a little bit" either. I mean, yes, it's a little bit at a time, but it adds up, and it's completely unnoticable to me, because i'm not doing anything extra. So, how can you do it too?
Bonus points for doing the above is that you'll be using less Google's services, so less big tech, less censorship and more privacy. Perhaps most importantly, you'll become a true blockchain tech adopter, putting your actions where your mouth is. Someone who doesn't simply talk about "the tech", but who actually USES the tech. (I'll also add that I'm Brave browser user (which allows to earn BAT tokens for watching ads), but unfortunately there aren't many ads in my location so the income I receive from that isn't noticable. I hope it'll change though, and keep using Brave simply because it's an amazing browser). EDIT: I encourage readers to also share their ways I may not be aware of. Please provide it with a brief explanation. [link] [comments]  | ||
| Posted: 03 Oct 2021 12:39 AM PDT Using my trusty Google-Fu™, here are some of the top shilled coins mentioned on /r/CryptoCurrency before this year, each coin's All Time High price before 2021 and its current price as of today (data from CoinMarketCap):
LUXCoin
FAIL!
Ripio Credit Network (RCN)
FAIL!
Pundi X
FAIL!
Request Network (REQ)
FAIL!
NEO
FAIL!
DigiByte (DGB)
FAIL!
ARK
FAIL!
NXT
FAIL!
TLDR: The next time you see a Reddit user on this sub saying "people are sleeping on ___", best to just ignore them. [link] [comments]  | ||
| Posted: 03 Oct 2021 01:06 AM PDT The latest one day average hashrate is 170 EH/s. Both 7 day average and 14 day average are above 140 EH/s for the first time since China ban. The current one day average hashrate is equal to the 7 day average hashrate from April when the price was 65k. The current live hashrate online at this time is 177 EH/s. This is only 20 EH/s from ATH of 198 EH/s. The best part about this is all the hashrate that went offline in China just 3 months ago has now been almost fully replaced by hashrate using renewables in many other parts of the world like Canada, USA, Australia, Iceland, Middle East and Latin America. Even Iran lifted its mining ban this week so we can expect more hashrate to keep coming online and from many different countries. Everyone was expecting that the recovery would take 6 to 12 months. It took just 3 months! [link] [comments]  | ||
| Posted: 02 Oct 2021 11:13 AM PDT
 | ||
| Impermanent loss while providing liquidity explained. Posted: 03 Oct 2021 02:58 AM PDT This was one of the things I had the most trouble understanding as an early crypto enthusiast because I thought I understood it but I didn't really. So let me attempt to explain it in the easiest possible way. Let's say you are providing liquidity for ETH/BNB pairing. You have 3 options, Add ETH only to the liquidity pool Add BNB only. Add both ETH and BNB For simplicity lets assume 1 ETH ($4000) = 10 BNB ($400 *10) NOW, you add 1 ETH to the pool. Half of it will be automatically converted to BNB at the time of transaction. So you will have 0.5 ETH and 5 BNB in the pool, at the start of the contract/transaction. Now, lets say ETH L2 is announced and ETH goes up 2x to $8000 each. Meanwhile, BNB has not moved as much, and is still at the original price of $400. Ok, so this is the important part. If you had just held your 1 ETH which has gone from $4000 to $8000, your gain would have been $4000. However, since your 1ETH got converted half to BNB at the start, to provide a 50/50 ratio, without any further balancing (coming later), you had 0.5 ETH (currently worth 8000 x 0.5 = $4000) and 5 BNB (currently worth 400 x5 = $2000) So, if you had held on to your original 1 ETH it would be worth $8000, but now you only have 0.5 ETH and 5 BNB totalling $6000. To further complicate things, any liquidity pool tries to maintain a 50/50 ratio. So, instead of getting back 0.5 ETH and 5 BNB, that we had originally put in, the pool will have rebalanced to something like 0.375 ETH ($3,000) and 7.5 BNB ($3000) to keep things at a 50/50 ratio. So, when you redeem your tokens, you will get back 0.375 ETH and 7.5 BNB. After putting in $4000 you are getting back $6000, since ETH went up in value. But if you had held onto your 1 ETH and did nothing you would have $8000. Now, the question is, why would anyone add liquidity? The simple answer is you get a certain APY%, so if ETH had not 2x'd in value, or if ETH and BNB had both 2x'd, you would have made 20% or 30% APY for providing liquidity. [link] [comments]  | ||
| PSA: If you were threatened by the Compound CEO, do NOT return that money. Posted: 02 Oct 2021 02:59 PM PDT TLDR; Don't return the money, sue him into the stone ages if he doxxes you. Relevant US Code and case on bottom of page. Background info: The Compound protocol recently released $80m+ in funds after it's engineers negligence caused them to overlook a bug. In response to this, the CEO, on his own personal twitter account, threatened to doxx users if they did not return the money. In legal terms, this is called coercion, which is not only illegal, it is a felony. This idiot publicly, acting as the head of his company and on his personal twitter, stated his intent to commit a felony with malicious intent. Not only should you not return that money, you should see if he attempts this and once he does, sue him back into his mother's womb. His company offers him no protection, he made these threats under his own personal twitter account which directly places him in the crossroads of a lawsuit if he tries anything. Don't be afraid of his threats; If he tries anything, you will be walking away with an even larger airdrop, this time out of his own personal vault. This money is legally yours. By all law and legal definition, this money is yours and any threats from the company to obtain it are what? Illegal Citi Bank Case Law from similar incidentCiti Bank had a similar situation happen to them. They filed an appeal in court and it was ruled that those who received the money were the legal owners and that they were entitled to keep the funds. " The Clerk of Court is therefore directed to enter judgment in favor of Defendants and to close this case. " FTC Ruling on receiving unpurchased merchandiseThe FTC has ruled that when one receives unpurchased merchandise, the recipient is entitled to keeping it. Whether you want to apple the Citi case or the FTC Ruling on merchandise law, every rule in the book states that users are the rightful owners. Seeing as Crypto is classified as property, FTC rules are the closest. In practice, law often treats Crypto as money so the Citi case then applies. In either case, users who received the COMP are the rightful owners period. 39 U.S. Code § 3009 - Mailing of unordered merchandiseU.S. Code states that receipt of unpurchased merchandise results in the recipient becoming it's legal owner. [link] [comments]  | ||
| Posted: 02 Oct 2021 04:40 AM PDT Edit: welcome everyone from r/all and r/popular. Nano is an eco-friendly cryptocurrency, and we're giving it away for free so anyone can try it out. No strings attached, and it takes just a minute or so! Please read: you need a Nano_ address for us to be able to send. Get yourself a wallet. Natrium (iOS | Android) or www.nault.cc (desktop) are recommended; it takes roughly one minute to set up. It's all free. Then just post your Nano_ address in this thread. As the title says, I'm giving away Nano in this thread! I'll send a few Rai's (small amount of Nano) to anyone who comments their Nano address so if you want to try out Nano you can do so with no strings attached. To get a Nano address, just get yourself a wallet. Natrium (iOS | Android) or www.nault.cc (desktop) are recommended; it takes roughly one minute to set up. It's all free. After 24 hours I'll send 1/10th of the pot to 10 people who have commented their address, picked randomly from this thread. There's 110 Nano in there, for a ~$500 pot. If anyone fancies adding some to the pot, nano_1cmgewwzg1eiwroib8btqtcgaw7yox8dsc8kikb8t95anb4qpi6byfibaapk is the address. Anything received in there will be sent out. What is Nano? Nano is a digital currency/cryptocurrency that offers secure, feeless, instant, and eco-friendly transactions on a secure and decentralized network. Here is an article on the basics of Nano. Because it's a global, feeless currency, I can send everyone some, and it will be in your wallet instantly (<1 second). If you have any questions I'd suggest coming over to r/nanocurrency, since this post will likely get too many replies for me to see your question. Now go post your nano_ address and get free Nano! Edit: the bot we're using to send is having trouble fetching Reddit comments fast enough (30 per minute, at the moment). Nano itself is instant but unfortunately Reddit is not! The bot will keep sending out Nano until it runs out, but it's taking longer than expected unfortunately. It will come! [link] [comments]  | ||
| Posted: 02 Oct 2021 05:41 PM PDT Around 12 days ago Jim Cramer told us to sell all our Bitcoin and take some profits. Cramer himself seems to have bought Bitcoin somewhat high and would have sold low. If you would have followed Jims advice of selling Bitcoin at around $40,000, you would have missed out on a 20% rally. If these investment gurus would be that smart themselves, they wouldnt need to be all over the media trying to gain your attention. [link] [comments]  | ||
| post a coin and we roast it #3 Posted: 02 Oct 2021 03:51 PM PDT Its back. Post a coin and we roast it. Shitposters alliance. Gotta get those moons. Hopefully you came up with some original shit. This will be fun. I purposely waited a little while so it didn't get played out and old. I know I'm rambling on but I got a character limit to meet. Usually these blow up quite a bit so if you're early to the roast and post some zingers you might be able to rack up a few hundred or thousand moons. Hope everyone is pumped for the distribution tommorow This is a good chance for you to rack up some new moons for the next distribution If you haven't voted yet in the governance polls go ahead and do that please you will get extra moons and you help support our awesome community! Edit: This is just for fun and to allow people to have some perspective it can kind of be an echo chamber in here otherwise [link] [comments]  | ||
| On this day 8 yeara ago, Bitcoin price 'plummeted' to $109.76 after Silk Road closure. Posted: 03 Oct 2021 01:29 AM PDT
 | ||
| Visa, Reddit, Twitter, Tiktok and JP Morgan are now all Using Ethereum Posted: 02 Oct 2021 08:48 AM PDT Visa: Visa has already deployed its first Smart Contracts on the Ethereum testnet, owns CryptoPunk NFTs and plans to build a layer 2 network ontop of Ethereum for stablecoins and central bank currencies Reddit (official partner of the Ethereum Foundation): Is using experiemental community points (Bricks and Moons) to reward the community with crypto tokens on the Ethereum blockchain (this idea of rewarding people on social networks was already predicted by Vitalik Buterin years ago) Twitter: Plans to offer profile picture NFTs hosted on Ethereums blockchain for its whole 300 million active user base Tiktok: Now beginning to explore Ethereum, beginning with NFT collections JP Morgan: Is exploring Ethereum for a longer time, has already launched internally a "digital U.S. dollar" on Ethereum [link] [comments]  | ||
| Do you put away crypto for your kids? Posted: 03 Oct 2021 02:55 AM PDT As some of us would have been lucky enough to experience growing up was having our parents put some money away for you when you were kids. Obviously a lot of us here believe crypto is the way and not fiat so my question is would you think about putting crypto away each week for your kids when they become an adult? My wife and I have recently just given birth to our first little girl and I'm thinking it would be a wonderful idea to put a little bit of crypto away for her each week and then give it to her when she turns 21. Would any of you guys do the same? Do you think it's a good idea? Let me know what you think ! Cheers legends 😊👊 [link] [comments]  | ||
| If your portfolio hit $100k today, what would you do? Posted: 02 Oct 2021 04:12 PM PDT Hypothetically speaking, if your portfolio went to $100k today what would you do?
Personally, I would sell for stable coins and put the money into lending. I would be hit with a painful tax bill but I could still earn good yield on the rest (passive income). It's a big part of my personal investment strategy and I would most likely keep the stable coin until crypto prices dropped. What would you do? [link] [comments]  | ||
| More than 60k$ in transaction fees Posted: 03 Oct 2021 01:31 AM PDT is what u/SenatusSPQR would have paid, if he would have done his post (https://www.reddit.com/r/CryptoCurrency/comments/pztksp/hi_redditors_im_giving_away_110_nano_500_and] https://ycharts.com/indicators/bitcoin_average_transaction_fee) with bitcoin instead. how do i get this number: current transaction fee for bitcoin is about 2$ according to this website https://ycharts.com/indicators/bitcoin_average_transaction_fee their post has currently roughly 36k comments, most of them being nano addresses. 6k comments deducted because they are assumed "actual comments". this makes roughly 30,000 transactions with a 2$ price tag for transaction fees = ~60k$ at this point, 99.71% of the total cost (~60500$) would have been just transaction fees. i think this is a nice example of how important the difference between "low fees" vs "no fees" really is - it adds up fast in cases like these. feel free to calculate the fees for 30k transactions in your favorite crypto currency. all of a sudden "low" transaction fees are not looking as low anymore. finally, i have to applaud SenatusSPQR. this has to be one of the cheapest, most effective marketing campaigns i have seen in my lifetime. the nano forums are currently flowing over with new people asking question and the upvote and comment interactions alone make actual marketing companies out there probably go through all colors of the rainbow just thinking HOW MUCH REACH these 500$ had. [link] [comments]  | ||
| Does anybody else live way below their means to have extra FIAT to put into Crypto? Posted: 02 Oct 2021 03:04 PM PDT I am not rich, in fact I'm not rich at all but I do have a job that pays me a decent amount of money. But an outsider looking in at me would be surprised that I make as much as I do living the way I do. I live in a humble flat, drive an old beige Corolla with a heavy mileage but still reliable, usually wear second hand or thrift shop clothes, and virtually never go out to eat as I can cook and meal plan well. The only thing I don't really skimp out on is vacations and experiences with my loved ones! As those are really important to me. But besides that I live very frugally, and besides my emergency fund, invest all my savings into stocks and Crypto. Now in theory I could afford a nicer apartment, latest car, and a bunch of flashy designer clothes and still have money left over. But the thing is I grew up in a very poor household(below poverty line, free lunches at school, food stamps all of it). So I'm used to having to live life with a lot less. My current lifestyle although frugal and conservative to others is lavish compared to my childhood. Then my goal is and always has been early retirement and a wealth reserve for my future kids. I'm tired of the rat race and although my job pays well I hate it and just want to be done. Then I want my kids to have the leg up in life that I never got and have all the opportunities in the world. So I consider these next 5-10 years of my life waiting for my portfolio to take off a sacrifice. So that the next 30+ years I will be financially free and some will my children. Anybody have a similar mindset or experience? [link] [comments]  | ||
| Crypto CEO threatens customers after mistakenly sending them millions Posted: 02 Oct 2021 04:44 AM PDT
 | ||
| Construction begins for nuclear powered bitcoin mining facility in Northeast Pennsylvania Posted: 02 Oct 2021 07:02 PM PDT
 | ||
| Posted: 02 Oct 2021 07:37 AM PDT
 | ||
| I did it! Finally! I got him onboard! Posted: 03 Oct 2021 02:40 AM PDT Got my dad a bag of crpyto today! Well last week, when it was 40kish dad mentioned he wanted to talk bitcoin with me on the weekend, i instantly put together a 10k profile for him during the dip and sat on it this week. He said today he wanted to put 10k in, i showed him i brought in for him during the dip last week and he was blown away to have already "made profits" haha, I set him up with a portfolio tracker on his phone so he can look at it when ever he feels the need, and im organising self custody this week once his transfer clears into my account! Another gold bug converted! This is just a teeny amount for him as hes got alot of real estate but im so proud he took the time to listen and learn from me! Dont give up on trying to teach people about the WHY of crpyto and bitcoin not just the how. Hes not very computer literate so im going to self custody for him but hes excited and i even caught him looking at the app once at dinner haha! Edit format [link] [comments]  | ||
| Texas Poised To Be A World Leader In Bitcoin And Blockchain Posted: 02 Oct 2021 08:21 PM PDT
 | ||
| Bitcoin has finished October with Massive Gains 78% of the Time since 2013 Posted: 03 Oct 2021 03:08 AM PDT Out of all years, Bitcoin has finished October 78% of the time while gaining big amounts. On average Bitcoin has gained 20% in the month of October. Most of the time Bitcoin has lost value in September because of different FUD, which was also the case this year. This was historically followed by bullish fundamentals, which is also the case this year, like having the highest level of money inflow of any crypto asset The same applies for the month of November, which has also only ever closed negative two times. Do not listen to weird financial advisors (also the ones who tell you Bitcoin would go to a million next month), because if they would be that smart, they would not be a clown all over the news. [link] [comments]  | ||
| The amount of ETH burned would be #85 by market cap Posted: 02 Oct 2021 11:34 AM PDT The amount of Ethereum burned since EIP1559 (just 2 months ago) would be at #85 by market cap rank if it was a coin in itself. And it's only going to keep going up. The total worth of ETH burned is $1,429,779,461 . On September 17th, 311,554.11 ETH had been burned, surpassing the 1 billion mark (via Etherscan). As of today (2nd October 14:30 EST) the burn rate over the last 24 hours has been 6,295 ETH totaling $21,531,416. With the last hour burning 214 ETH totaling $731,775 USD. Meaning that 4.37 ETH are currently being burned every single minute. https://pbs.twimg.com/media/FApb1CWVEAUDgpb?format=jpg&name=900x900 [link] [comments]  | ||
| Inflation in Germany might hit 5% soon and many banks about to penalize accounts with more then 5k€! Posted: 02 Oct 2021 02:14 PM PDT During the last week we saw some interesting news about inflation and interest rates. German inflation on a 30-year record and close to 5%: Most banks will penalize customers with negative interest for accounts above 50k€ and some will even penalize starting with accounts above 5k€: https://www.tagesschau.de/wirtschaft/verbraucher/negativzinsen-verwahrentgelt-101.html Aren't we living in absolute sickening times? Negative interest on accounts above 5k€?!?! If you are still not thinking about investing a reasonable amount in quality crypto projects and being your own bank I fear for your financial freedom. [link] [comments]  |
| You are subscribed to email updates from Cryptocurrency News & Discussion. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment