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    Tuesday, October 12, 2021

    Cryptocurrency Hey r/cryptocurrency, we are Metal, a company dedicated to reimagining how the world uses money - in all of its forms. Ask Us Anything about Proton, Metal Pay, WebAuth, NFTs, banking, DeFi, DAOs, and more!

    Cryptocurrency Hey r/cryptocurrency, we are Metal, a company dedicated to reimagining how the world uses money - in all of its forms. Ask Us Anything about Proton, Metal Pay, WebAuth, NFTs, banking, DeFi, DAOs, and more!


    Hey r/cryptocurrency, we are Metal, a company dedicated to reimagining how the world uses money - in all of its forms. Ask Us Anything about Proton, Metal Pay, WebAuth, NFTs, banking, DeFi, DAOs, and more!

    Posted: 11 Oct 2021 08:12 AM PDT

    Hello, r/Cryptocurrency!

    We're Metal, a company dedicated to reimagining how the world uses money - in all of its forms. Our company is composed of distinct, yet intertwined, products that build off of each other to create a robust and growing ecosystem.

    Proton Blockchain

    Proton uses a system of human-readable verified @names to approve transactions, receive funds, and ensure the ecosystem stays people-friendly. Capable of up to 4,000 transactions per second, and with zero gas fees. A key part of the Proton blockchain is the Proton wallet, an app available for Android and iOS users that allows for easy transaction approvals, cryptocurrency storage, staking, swapping, and so much more. Cryptocurrency swapping is done through Proton Swap, a next-generation decentralized cryptocurrency exchange.

    Proton Loan

    Proton Loan is a new decentralized lending market built on the Proton blockchain. Utilizing the cross-chain capabilities of Proton-wrapped xtokens, Proton Loan makes it possible to deposit cryptocurrency into lending pools to earn interest, and to take collateralized loans from cryptocurrency pools with zero gas fees.

    Proton Market

    Proton Market is a radically easy-to-use NFT marketplace that allows anyone to create, sell, buy, and trade NFTs. A unique feature of Proton Market is the ability to earn royalties on your NFTs and that you pay zero gas fees.

    Metal Pay

    Metal Pay is a payments app with a built-in cryptocurrency Marketplace containing over 40 different token options. With fees starting at just 1% for all trades, and 0% fees for BTC, TUSD, MTL, and XPR, Metal Pay is one of the most affordable ways to buy and sell cryptocurrency.

    WebAuth.com

    We've built WebAuth.com to become the standard for authorization, identity, and online payment processing by verifying identities through the use of your Face ID / Touch ID / MetaMask / Yubikey or other authentication methods, over the Proton network.

    Recent milestones & updates:

    -------------------------------------

    Joining us for this AMA will be:

    Together, we're ready to answer your questions about Metal, Proton, and everything we're building.

    Ask us anything!

    -------------------------------------

    In addition to the AMA, we'll be rewarding the best 100 questions with $8888 worth in $XPR!

    All you have to do is:

    • Ask your questions in this AMA thread & wait for them to be answered.
    • When selected, you'll be required to install the Metal Pay (iOS/Android) and/or Proton Wallet app and message u/Team-Metal, and share your wallet username.
    • Wait for the rewards and enjoy!

    -------------------------------------

    🤘 Update: We had a blast with the AMA today! Thanks for joining and for the amazing questions, Metal Heads & Brotons, and huge thanks to the r/cryptocurrency team. We will sign off now. However, if you still have any questions after the AMA, please feel free to ask them right away on r/ProtonChain or r/MetalPay, we are always answering there! And for the rewards, we are working on selecting the 100 best questions, we'll share the username and TXID of the winners in the comments.

    -------------------------------------

    Connect with us:

    submitted by /u/Team-Metal
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    Daily Discussion - October 12, 2021 (GMT+0)

    Posted: 11 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:

    • 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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    Robinhood Stock down 41% since August as Amateurs stop Using it for Stock and Crypto Trading: 80% less App Downloads

    Posted: 11 Oct 2021 08:17 AM PDT

    Switzerland initiated a vote to add bitcoin to the federal constitution as a reserve currency

    Posted: 11 Oct 2021 11:32 PM PDT

    2B4CH, a Swiss non-profit think tank that helps governments research cryptocurrencies and blockchain technology, has launched an initiative that could make Bitcoin one of the country's reserve assets.

    On Friday, the association announced plans to launch a federal initiative to collect 100,000 signatures for the introduction of bitcoin into article 99, paragraph 3, of the Swiss federal constitution.

    The initiative, in particular, proposes to add bitcoin to the list of assets of the central bank of Switzerland. If changed, the constitutional article will read as follows:

    "The Swiss National Bank must create sufficient foreign exchange reserves from its revenues; some of these reserves will be held in gold and bitcoins. "

    If the vote goes well, the Swiss National Bank or SNB will need to learn how to add bitcoin to their reserves.

    "This addition to the constitution will affect the people of Switzerland in the same way that Silicon Valley and the London Stock Exchange have benefited the people of their countries," said Yves Bennaim, founder and chairman of 2B4CH.

    submitted by /u/Desperate_Day_8813
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    The worst mistake you can make is not investing at all. If you don't invest, your money is losing 5% of its value every year, guaranteed.

    Posted: 11 Oct 2021 06:21 PM PDT

    We may not all agree on what coins are the best, but we all share an interest in crypto. There are way too many people that never invest or even think about their future, which is the worst mistake that you can make.

    If you just leave your money sitting there, it's losing 5% of it's value every year, guaranteed. You should obviously leave some money in case of an emergency, but aside from that you should be investing it. A 5% loss in value every year is absolutely disgusting.

    So my friend, if you are investing your money you should be proud of yourself. You're taking a smart step for your future instead of blowing all your money on cocaine and hookers.

    submitted by /u/roberthonker
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    Bitcoin is King

    Posted: 11 Oct 2021 10:41 AM PDT

    For all of you who have said Bitcoin doesn't have much left in it or that you'd rather invest 100% in alts...just look at the charts and prices. This is why you always need a large chunk of your portfolio in BTC.

    It's king, and will remain king for the foreseeable future.

    The reason most people suggest investing in Bitcoin is because for the most part it outperforms the entire market year in and year out. And it won't disappear like most alts will.

    50% of my portfolio is in BTC and ETH. I take my profits from all other alts and pour them into Bitcoin.

    BTC is King. You can't convince me otherwise.

    submitted by /u/reyrey1332
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    The hypocrisy of banks blocking crypto transactions is bugging me even more today

    Posted: 12 Oct 2021 02:32 AM PDT

    Last night I watched a really interesting and pretty scary documentary about an ex-professional football player (Paul Merson) who's struggled with a gambling addiction most of his life. There was a part in the show where someone was going through some bank statements of another addict, and there was like 7 or 8 deposits to an online betting company in a day, A DAY!

    Yet here we are, getting messages from our banks saying we cant deposit into Binance/coinbase etc for our own protection. Strange how people with obvious addictions can feed a betting company as much money as they can get their hands on, but someone wanting to try and make a better future for themselves needs 'protecting'?

    Here is the documentary for those who are interesting and can view it - https://www.bbc.co.uk/iplayer/episode/m0010l43/paul-merson-football-gambling-me

    Ok rant over

    submitted by /u/beakersoft360
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    What's your biggest Crypto regret?

    Posted: 12 Oct 2021 12:40 AM PDT

    What would you guys say is your biggest regret when it comes to Crypto? It could be selling ETH at $1000, or hell you could be the guy who used Bitcoin to buy Pizza back in 2011.

    I haven't been in Crypto that long as I started beginning of the year, so probably that should be my biggest regret given I had a couple of friends who introduced me to it but I didn't pay too much attention around Covid last year.

    But since I've been investing, I would say selling Fantom at $0.75 after buying in around $.30 would be mine. To be honest though I was pretty happy to double my money at the time coz it had been up and down a lot! If only though!

    submitted by /u/Massive-Quarter-4156
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    Michael Burry shorted BTC at 30k. Now he's blocking all bitcoiners on Twitter

    Posted: 11 Oct 2021 07:49 AM PDT

    Banks are starting to have a problem with the boom in cryptocurrencies, with clients and internal traders increasingly demanding digital asset services. - Crypto is Getting Too Big to Ignore

    Posted: 11 Oct 2021 10:29 PM PDT

    Seems like a good day to remind you all of Coingecko's tool showing how far each coin is from its ATH, so you can easily make the most of the sale.

    Posted: 12 Oct 2021 03:18 AM PDT

    what are you buying now that altcoins are dipping a bit?

    Posted: 11 Oct 2021 08:14 PM PDT

    There seems to be a bit of a mini crypto dip going on. It is seemingly normal but ETH went down slightly and Cardano has pulled away from the 3 dollar mark. Algorand is also down a little bit and a few others.

    Anyway I'm thinking of throwing down 100-200 dollars on some extra coins for now before the market starts up again tomorrow.

    I'm currently mostly holding algorand, cardano, amptoken, etherium, and some cosmos...

    What do you think would be some good things to buy into right now for the hell of it to hold long term?

    Thanks!

    submitted by /u/lymeguy
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    Never withdraw your crypto investments to pay for a date

    Posted: 11 Oct 2021 05:24 AM PDT

    I've learnt the hard way.

    Today I have been overlooking my finances and I remember that I had invested in axs few months ago. Wow.... axs few months ago was about 3$... it's now worth $117!

    Checks crypto wallet and discover I withdrew my investment ($150) to cover a date with a girl (now ex) for some drinks and some dinner. It's now worth $5850 today.

    Not only did i miss some serious gains but i got cheated as well.

    Remember it's not worth withdrawing for short term goals. Long term is the game.

    TL;DR: Took money out of crypto investment to put for date. Investment increased by 5900% 😢

    submitted by /u/SuperBoner6699
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    Google can trackers on defi sites can see your wallet addresses and track all of your transactions. Brave blocks this.

    Posted: 12 Oct 2021 02:00 AM PDT

    56% of defi sites have Google trackers that can see your crypto wallets and tie them to your Google accounts (and therefore your tx history if you aren't using Monero and Secret Network for all of your defi).

    Brave has an elaborate method of blocking that by default. Don't let Google have your financial records for free. They don't need your data donations. Download Brave and tell Chrome to get a job. Brave has all of the same extensions available, but is a faster browser because it isn't bloated with trackers. Also, it let's you listen to YouTube videos with the screen off- just like you used to be able to do before Google started paying browsers to disable that so they could sell you crap.

    https://brave.com/research-paper-privacy-and-security-issues-in-web-3-0/

    submitted by /u/Awhodothey
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    In two weeks it will be the 13 year anniversary of Bitcoin’s white paper. Love it or hate it, we wouldn't have the bustling Crypto market we do today without Satoshi Nakamoto

    Posted: 11 Oct 2021 02:09 PM PDT

    Shiba Inu coin is pointless, expert says

    Posted: 11 Oct 2021 10:53 PM PDT

    Mystery over Tether's Billions Deepens

    Posted: 11 Oct 2021 08:52 PM PDT

    JPMorgans CEO Hates Bitcoin, But Loves Taking Money from his Customers for Crypto Funds

    Posted: 11 Oct 2021 07:58 PM PDT

    Referendum proposal in Switzerland to legalize Bitcoin

    Posted: 11 Oct 2021 09:58 PM PDT

    Almost everyone has heard of crypto but only a fraction of them take it seriously. That's why we're still early.

    Posted: 11 Oct 2021 11:57 PM PDT

    The cryptocurrency phenomenon is everywhere on the news. Even people uninterested in investing has heard about it in some form.

    However, only a tiny fraction of them have spent enough time to research, learn and understand it enough to invest even a small fraction of their wealth.

    People keep saying it's too late to invest in cryptocurrency are usually those who have heard about crypto back in 2013 but didn't invest even a penny in it and missed all those huge gains.

    Don't let them fool you into thinking it's too late now. Total number of cryptocurrency users are still at 300 million.

    There is still ample room for growth. There will come a time when almost everyone will start taking it seriously. Hopefully.

    submitted by /u/ultron290196
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    My hands are getting tired

    Posted: 12 Oct 2021 02:50 AM PDT

    As many of you, I started my crypto journey with Cardano. Bought on occasions and slowly started dca'ing. I hold a decent amount of ada. It's about 80% of my portfolio but:

    I'm tired of this sh*t, this entire Cardano thing is a frickin' good news show. Only announce big things and so on. It reminds me of my neighbour... Working on his house, starts so many beautiful projects but doesn't finish one. For the past few years his house is a unfinished mess, getting worse and worse.

    Same goes for ada I'm afraid, loved ada and everything around it. But I'm starting to understand this is a shitcoin, nothing big is happening. Just show and more show, there is still nothing for ada. Nothing runs on ada, and ada still has no use for anything. It's just vaporware.

    Considering selling right now, in what to diversify?

    submitted by /u/Baetus_the_mage
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    "Mississippi Southern Baptist church first to accept cryptocurrency donations" - Jesus has entered the 21st century

    Posted: 11 Oct 2021 06:56 PM PDT

    The big flippening

    Posted: 12 Oct 2021 12:59 AM PDT

    A few years ago we wouldnt think that was even possible. Some say it would eventually happen, others say its impossible. Up until now, people made fortunes out of this coin, making in the King of its kind. No one thought there will be another one so strong that could actually threat to dethrone it. Legend says that there will be an eternal battle between the two for the upcoming years fighting for the most important thing in crypto. But here we are, the year is 2021 and we are about to witness first hand the big flippening. Shiba is about to flip Doge claiming the throne of the shitcoin kingdom. Crazy times we live in ladies and gentlemen.

    submitted by /u/nb21mr
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    Crypto for the homeless is making some marks internationally. We are actively looking for volunteers (world wide) to hand out food for us and get reimbursed in crypto! There is absolutely no catch - just demonstrating the true use-case of crypto. Check it out :)

    Posted: 11 Oct 2021 08:09 PM PDT

    Hello everybody, I am the guy who runs Crypto for the homeless. I've been pretty successful with getting people to volunteer for us by posting in here, so I am continuing that tradition.

    A TL/DR is that we are a non-profit organization that crowd funds crypto and uses it to buy and deliver food for the homeless. One thing that sets us apart is that we focus on quality over quantity – the act of delivery is as important as the food itself. We are sort of an "anti-charity" in that we try to operate with as little waste as possible compared to most other large charities. We also have the most documentation (photos) of any charity to my knowledge.

    Due to the fact that crypto can easily reimburse people despite any geographical barrier across the world, I am able to recruit and reimburse volunteers who hand out food in our name.

    https://i.imgur.com/wTkrPws.jpg- this is the work a volunteer did in Dehli, India

    https://i.imgur.com/BUhTOT1.jpg - this is the work of the same volunteer in Dehli, india again (from today)

    https://i.imgur.com/7x6Fzp8.jpg - this is the second time a regular volunteer in Bankok went out for us.

    The process involved with volunteering is as follows:

    1. Print out our flyers - https://i.imgur.com/pPH2rC2.png
    2. buy and hand out food
    3. take pictures of everything including receipts (our flyers must be visible in all pictures)
    4. Email photos to us (pm me for contact information).

    Again, since we are using crypto, we can reimburse people anywhere in the world. This organization is now global, and we are looking for volunteers from all over.

    We are 3 years strong, and have several redditors that can vouch for our integrity after volunteering and getting reimbursed by us. Don't hesitate and please reach out so that you can increase your crypto portfolio/stack while at the same time helping out your community.

    submitted by /u/brollikk
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    Over 500,000 ETH Have Now Been Burnt!!!

    Posted: 12 Oct 2021 03:24 AM PDT

    Following the implementation of Ethereum Improvement Proposal in early August, the fee-burning mechanism became effective on the Ethereum network.

    After the implementation, the miners' fee that was previously used to reward miners for moving transactions was changed to a base fee. Now, miners can only be rewarded at users' discretion via a tip, while the base fee is burned continuously.

    With an increased number of transactions on the Ethereum network on a daily basis, more coins are getting burned, which increasingly makes Ethereum a deflationary asset with more coins burned than distributed.

    With constantly reducing supply and fast-rising demand, traders and investors are liable to accumulate an asset while expecting a price increase. This has been the case for ETH in the market.

    With Ethereum's 26% growth in October, the effect of the feed-burning has clearly been positive. After the implementation in August,ETH experienced over a 20% surge in price but later lost its surging momentum.

    submitted by /u/darkfang775
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    Going all in on BTC

    Posted: 12 Oct 2021 02:11 AM PDT

    Convince me NOT to go all in on BTC.

    I currently have a chunk of my savings in BTC and a other chunk in a stocks and shares ISA. However the ISA isn't performing as well as the BTC chunk (naturally)

    Now that the bear market is over (has been for a month or so now, what's to stop me throwing it all in BTC. Keep in mind I don't need this money for anything in the near future so even if the crypto market crashes the only down side would be that I missed an opportunity to buy a bigger chunk of BTC with my savings.

    No time like the present right ?

    submitted by /u/stopdropsquat
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    Ethereum (ETH) devs looking to delay difficulty time bomb, what could this mean?

    Posted: 11 Oct 2021 08:28 PM PDT

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