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    Thursday, December 16, 2021

    Cryptocurrency Academic study on crypto accessibility - Do you identify as disabled/have an impairment and have used crypto-based technologies?

    Cryptocurrency Academic study on crypto accessibility - Do you identify as disabled/have an impairment and have used crypto-based technologies?


    Academic study on crypto accessibility - Do you identify as disabled/have an impairment and have used crypto-based technologies?

    Posted: 15 Dec 2021 11:21 AM PST

    We received Mod approval to share our link.

    We are researchers from RIT and Bournemouth University looking to understand the accessibility challenges of using cryptocurrency-based technologies (e.g., crypto-wallets, coin tracking apps, NFT marketplaces).

    If you identify as disabled or have an impairment and have used crypto-based technologies, we are interested in your experience.

    To take part, you would first complete the 10-minute screener questionnaire https://rit.az1.qualtrics.com/jfe/form/SV_ag9FkIgEg59Ealo

    All questions are optional, and this short questionnaire will help us to understand some of the potential issues currently faced and to ensure we can select a balanced participant sample for interviews starting in Jan 2022. If you are selected for an interview, you will be reimbursed $20 for your time.

    submitted by /u/AccessibleCrypto
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    Daily Discussion - December 16, 2021 (GMT+0)

    Posted: 15 Dec 2021 04:00 PM PST

    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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    Stan Lee's twitter account is being used to advertise NFTs , this is utter disrespect.

    Posted: 15 Dec 2021 07:54 PM PST

    So apparently Stan Lee released NFT collection from the dead. Stan Lee's twitter account has a tweet about an NFT collection.

    This was the tweet from Stan Lee's twitter account

    From championing diversity to embracing new tech, Stan was 1 step ahead of the curve. To honor his innovative spirit, Stan's 1st Indian hero, Chakra The Invincible, debuts in his own NFT (digital art) collection from 7:30pm PT 12/27-12pm PT 12/29!

    The website is even worse

    Honoring what would have been Stan Lee's 99th birthday on December 28th, we are inviting all of Stan's fans to celebrate his amazing legacy with us by sharing ownership

    How is making money off him Honoring his legacy?

    I hate to see Stan Lee being used to shill something. I mean the person is dead , they just can't let the man rest in peace. Stan Lee was my idol when I was younger and seeing this company take advantage of his name and creations is heartbreaking.

    submitted by /u/Wabi-Sabibitch
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    Lakers fans frustrated with the volatile hot dog prices in the newly christened Crypto.com Arena. “This is bullshit, I was here 30 minutes ago and bought an $8 hot dog, and now I’m back and a single hot dog costs $16,000,” said irate season-ticket holder Melvin McKay

    Posted: 15 Dec 2021 11:36 AM PST

    Advice from a personal banker that has been in the banking industry for 35 years

    Posted: 15 Dec 2021 06:34 PM PST

    So my mother-in-law who has been with multiple banks but overall has been in the industry for about 35 years had dinner with us Sunday night.

    She told us how a women had came into the bank to deposit a very large amount of money from a inheritance she had just received. They began to talk and she explained she will be taking 100% of it and putting it into Bitcoin and other cryptos. Her being the client my mother-in-law could not give her opinion but instead only recommended she speak to a financial advisor and was immediately shut down saying she had already made up her mind.

    After my mother-in-law told us this story she began to tell us how stupid this woman was and how unsafe crypto was and that it because you were not getting a physical representation of the value that it was worthless and because it was money not in a bank how it could be stolen easily by anyone that wanted to. She then told us how disappointed whoever left her the inheritance would be if they knew she would be"throwing away the money like that".

    The whole time my wife just keeps patting my lap giving me the signal to just listen and not say anything. After the whole story all I said was "that's cool" and changed the subject. My wife was very proud that i didn't turn it into a debate.

    So anyways today she told my wife and I that she had been on the phone for a few hours because someone got into her bank account and took out a few thousand dollars and she was trying to get it sorted out. I looked her straight in the eyes and said "and here I thought that money was only safe if it was in the bank."

    submitted by /u/Bdrake93
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    Governments & Banks around the world are trying to make Crypto a scapegoat for their failures. Today, Senator Elizabeth Warren blamed Stablecoins and DeFi for "posing a threat to consumers & our economy" while completely ignoring the damage banks do by printing trillions of dollars out of thin air.

    Posted: 15 Dec 2021 01:40 PM PST

    It's honestly outrageous that the top bankers, billionaires and government officials have been recently ramping up their rhetoric against Crypto for absolutely no reason. I mean for fuck sake, central banks are going as far as to blame Crypto for a global financial crash that hasn't even happened yet.

    Earlier today, Elizabeth Warren said

    Stablecoins pose risks to consumers & to our economy. They're propping up one of the shadiest parts of the crypto world, DeFi, where consumers are least protected from getting scammed. Our regulators need to get serious about clamping down before it is too late.

    She wants to "clamp down" on Crypto for giving the average citizen the slightest amount of privacy while completely ignoring the fact that banks have been printing trillions of dollars out of thin air to give to billionaires as bailouts because of the bills SHE SIGNED. Not even a fifth of the US stimulus packages actually went to working people and families.

    They know they've fucked up the economy and people are already switching to better alternatives. No one wants to sit and watch while their money is being eroded because the banks' cant stop giving billionaires bailouts.

    DeFi isn't the one that poses a risk to consumers or the economy and DeFi didn't bring 60% of the current dollars in circulation out of thin air. This is honestly infuriating how low politicians and bankers can sink these days trying to scapegoat Crypto for their own failures.

    submitted by /u/Many_Scratch2269
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    India's largest exchange publishes end of year stats: 82% users made profits. 1000% increase in Women signups. 66% users below 35. Women mainly bought BTC, Men mainly bought SHIB

    Posted: 16 Dec 2021 03:01 AM PST

    Vitalik Buterin on traditional finance-“I say screw the big guy,” - “They have enough money already.”

    Posted: 15 Dec 2021 03:56 PM PST

    U.S. Senator Elizabeth Warren has called on regulators to clamp down on decentralized finance (defi) and stablecoins “before it’s too late.”

    Posted: 15 Dec 2021 05:02 PM PST

    Reddit confidentially files to go public after explosive growth fueled by meme stock chatter

    Posted: 15 Dec 2021 11:05 PM PST

    IBM patent cited Bismuth blockchain developer’s publication

    Posted: 16 Dec 2021 02:36 AM PST

    The core Bismuth (BIS) Blockchain Layer-1 developers Prof. Geir Hovland and Jan Kucera released the academic and research paper "Nonlinear Feedback Control and Stability Analysis of a Proof-of-Work Blockchain" in 2017.

    This paper talks about a novel feedback controller and stability analysis of a blockchain implementation where the controller output equals the difficulty adjustment in the mining process while the feedback variable is the average block time over a certain time period. The computational power (hash rate) of the miners is considered a disturbance in the model. The developed controller is tested against a simulation model with constant disturbance, step and ramp responses as well as with a high-frequency sinusoidal disturbance. Stability and a fast response is demonstrated in all these cases with a controller which adjusts it's output at every new block. Finally the performance of the controller is implemented and demonstrated on a testnet with a constant hash rate as well as on the mainnet of a public open source blockchain project.

    Recently IBM cited this paper "Nonlinear Feedback Control and Stability Analysis of a Proof-of-Work Blockchain" in Patent No .: US 10,880,073 B2

    submitted by /u/bitsignal
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    How reddit going public, will affect (existing and future) community tokens

    Posted: 16 Dec 2021 12:40 AM PST

    This morning (16-12 CET) Reddit confidentially submitted a draft registration to go public.
    What got my attention is that on this sub, it seemed like it caused a lot bullish thoughts on community tokens like the one we've got. It made me wonder: "What is this assumption based off? Are there any arguments or examples that point towards this conclusion?" So I deeply thought about it, so you don't have to: (TL;DR at the bottom)

    Community Tokens:
    Before we get into anything, let's take a look at what a community token is.

    Community tokens, at the heart of it, are created as a means to gain access to a community. They're a type of cryptocurrency specifically designed to open the door to a particular digital group. You can think of them like membership cards, but based on the blockchain.

    What the token can do, and what sort of access it offers, fully depends on the project behind it. Each social token represents a community and each community has a different value offer.

    So for example Bricks on the Fortnite subreddit or ours.

    Reddit going public:
    With Reddit going public, a few things are going to happen:

    • It's going to get a lot more focused on making profits (Think ads and sponsorships etc)
    • It will have more funds to promote and grow its user base

    This will result in a lot more active members of subreddits. Now Reddit has already pointed out that it will embrace other subreddits who want to make their own community token so more subreddits will get their own community token and at the same time grow their community with new people joining in as a result of the promoting done with the funds of the IPO.

    With this the first contribution to the community tokens will be made: The Supply and demand basic model. By growing the number of users and only having a set number of tokens will increase the demand. This will result in a growth of the price of these tokens.

    Further more, if more people start earning these community tokens, people who don't use reddit but are into crypto will start looking into these coins as well.
    Look at yourself for example; Most of you don't actually make use of the DOT or ADA blockchain yourself, but because you believe in the project you invest in it anyway. This will be the same with the community coins.

    Now here is the part where I start speculating so don't quote me on this, but:
    If there are going to be substantially more users that are going to engage with community coins, and non reddit users wanting to profit from these projects, it won't stay unnoticed: Big exchanges will pick up on these trends and start looking how they can profit from this, with the answer being: Listing these coins on your exchange. Now if this happens, and I am saying IF, this will be very bullish for the reddit community tokens. It will enable everyone on earth with acces to the exchange to trade our community coins, and it will cause an astronomic rise demand with supply staying the same. This obviously is the most bullish case.

    TL;DR / conclusion:
    In the end it all comes down to supply and demand; going public will substantially increase the user base of reddit (because of all the promotion and branding that is gonna be done with the raised money by the IPO). This in turn will increase demand without raising supply, causing a rise in the value of the community tokens. This high demand and low supply will be picked up by big exchanges as an opportunity to profit from it. They will try to list these coins on their exchange. If the succeed to do so, this will be the most bullish case for the community coins, now being available to be easily traded by everyone.

    Interested how you guys see this.

    submitted by /u/Gekko2001
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    The FED Announcement and What It Means for Crypto | Crypto Update 12.15

    Posted: 15 Dec 2021 06:56 PM PST

    The FED Announcement and What It Means for Crypto | Crypto Update 12.15

    Overview

    • Market Insight: The Fed Announcement
    • Crypto Market Update
    • Major Crypto News Today
    • NEWBIES' lesson of the day: The effect of leverage on the crypto markets

    Market Insight: The FED announcement

    The Federal Reserve announced the scale-back of aggressive monetary policy that began pre-pandemic in direct response to rising inflation. This past report covers the CPI rate of 6.8% announced in early December. The FED stated they would begin tapering bond purchases by 30% followed by rate hikes that are projected to begin in early 2022. The FED predicts inflation will reduce by 50% by the end of next year alongside improved economic numbers. Omnicron was noted as variable.

    What this means for crypto

    There lies a possibility that rate hikes could trigger the end of the crypto bull run. Their delay would be the best scenario. The rates will likely be 0.0% until March or May but a few factors such bad economic results or Omnicron could alter this stance.

    Lower rates allow market participates greater access to debt. More debt equates to greater sums of money in the market, and this permits traders to take on greater risk. Traders will be inclined to take less risk if the money supply decreases. Crypto is an on-risk asset because of its high volatility and will be highly affected by rate hikes. The March and May FOMC meetings will hold the utmost importance for crypto.

    FOMC scheduled meetings:
    January 25-26 (likely decrease in bond purchases by another 30%)
    March 15-16 (likely completion of bond purchases, possible rate hike)
    May 3-4 (Likely rate hike)

    The drawdown in Bitcoin was related to the FED's hawkish stance following the CPI inflation mark. Crypto has a higher probability of correcting now that a not-so-aggressive policy change has been absorbed.

    All in all, this is the best news for crypto. Between the high inflation numbers and the political scrutiny, it was probable the FED would increase tapering. The crypto market will encompass a favorable 2-3 months of 0.0% rates and it could be indicative of a strong January and possible EOY run.

    Crypto Market Update

    \All prices were gathered after the FOMC announcement*

    Bitcoin (BTC) is up 1.08% for the day and showing strong signs

    Stablecoin Dominance (USDT.D) is at 3.42% and falling. The base is 2.7%, signaling a large availability of stablecoins

    Bitcoin Dominance (BTC.D) is down -1.48% as funds re-entering market look for riskier alts *notable gainers below

    Total Market Cap (TOTAL) is up big +2.55%

    Notable Gainers

    AVAX +16%
    MATIC +9%
    EGLD +16.6%
    HBAR +9.4%
    ONE +9.8%
    SOL +9.9%
    FTM +11%

    Bitcoin Fear and Greed index 29
    Bitcoin Google Trends 31

    How to use The Fear and Greed Index for investing

    Major Crypto News 12.15

    • A glitch in CoinMarketCap, Coinbase, among others showed astronomical paper gains.

    • Valkyrie launches ETF to track bitcoin balance sheets. This is bigger news than it seems. It will give millions of retail traders the option of diversified exposure to equities that invest in Bitcoin. BlackRock, Microstrategy, Tesla, Mastercard, Robinhood, Paypal, Coinbase are some of the bigger holdings. The ETF's volume will be good insight to consumer interest in Bitcoin.

    • Crypto venture capital firm Thirty-Five Ventures, along side co-founder Kevin Durant have announced a partnership with Coinbase.

    NEWBIES' Lesson of the day

    The effect of leverage on crypto markets

    https://preview.redd.it/ys3qwlg5kt581.png?width=1920&format=png&auto=webp&s=2cf3b4c29c67b28d21488fd5d92bfecbcf0ee148

    This lesson goes in conjunction with the NEWBIE lesson on yesterday's report.

    Leveraged positions have a strong effect on the crypto market. The more leverage there is, the more volatility will increase. Volatility is the velocity of up and down movement of price.

    If a trader holds a leveraged position of 10:1, he essentially is opening 10 positions. This is a common leverage available to anyone who can access an exchange. Leverage can be as high as 150:1 on some trading platforms. That means you can open 5.5 DOT positions with one dollar! If this seems ridiculous and risky, it's because it is. Exchanges earn notable profits on leveraged trading fees and since bots control the stop losses, they pose little risk to the exchange.

    Stop losses for leveraged positions are typically close to the current price of any asset. If price moves aggressively in one direction, many leveraged positions tend to be stopped out. If 100 open trades with 100:1 leverage (100x100) are being stopped out, that is 10,000 positions being closed at once. This puts tremendous pressure on price to move quickly (volatility) while attempting to close all positions.

    The risk is bidirectional whereas leveraged positions can be opened long or short. Longs are buyer that want the market up and shorts are sells that want the market down.

    Most holders don't want an excess amount of leverage in the market. Holders prefer a spot-driven market opposed to a leverage-driven market. The volatility in a leverage-driven market contributes to a lot of traders selling dips exaggerated by leverage.

    • Leveraged positions add volatility to the market
    • Leveraged positions hold a lot of risk
    • Leveraged positioned are near the current price
    • When there are high numbers of directional positions, the risk lies in that direction
    • When the market moves quickly in a direction, it will be exacerbated by leveraged positions

    Tomorrow I will show you how to spot leverage in the markets, now that you have a better understanding of leverage. It will be another valuable tool in helping you make future decisions in these wild crypto markets.

    I hope everyone enjoyed being trillionaires for a few hours last night during the CoinMarketCap glitch. If we hodl long enough, maybe it will be real one day!

    Thanks for reading fam!

    TraderGabi

    Follow me on Medium or subscribe to this daily newsletter on Substck

    submitted by /u/HummusHHound
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    Crypto Market Cap Gains $150B in a Day as Ethereum Reclaims $4K

    Posted: 16 Dec 2021 02:20 AM PST

    Let's be honest here. This subreddit has offered me a metric ton of advice on crypto in the last year. This 40 year old music video is still the only good trading advice I've ever found.

    Posted: 15 Dec 2021 05:31 PM PST

    Switzerland's largest online bank ready to introduce crypto exchange

    Posted: 15 Dec 2021 11:33 PM PST

    One big lesson I've learned about crypto and cost me a lot of money to learn

    Posted: 16 Dec 2021 01:27 AM PST

    In 99% of the cases, if there's a "major announcement" about a coin coming, this will probably do nothing for the price or, in some cases will even make it go lower.

    Unfortunately, "buy the rumor sell the news" is how it usually works.

    Personally, it took me a few disappointments to stop expecting anything from announcements.

    I think the most painful one was the Cardano smart contracts. Everything about the announcement seemed legit: It's not a shitcoin, Smart contracts are a thing and there was a lot of hype. And as soon as it went live, the price tanked.

    Lesson learned? Nope.

    Next was me just being stupid and believing the rumor where someone found SHIB in Tesla's source code and spread the rumor about them adding SHIB as a payment option. Nope.

    Really though, that was my stupidity.

    The third time was Matic. I do believe in the coin and think it's great, but I once again bought close to the announcement (at the ZK roll ups summit)

    Clearly, it tanked.

    Anyway, don't believe in rumors and hype, just stick to your usual crypto plan.

    submitted by /u/Qtredit
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    Don't be sorry for taking profits. Investing is supposed to improve your life, not lead to a never ending circle of reinvesting.

    Posted: 16 Dec 2021 04:10 AM PST

    I see so many people here beating themselves up taking profits too early and it just pisses me off!
    You people are so greedy and delusional you can't even enjoy the money that just fell from the sky for you!

    Investing is supposed to improve the quality of your life, of your family's life and put you all in a better position overall.
    This is the end game!

    ''I want to be a millionaire and never work again'' is a nice dream to have, but it's going to take like 15 years of not taking any profits for the majority of us here.
    In those 15 years you are most likely ot have a family, kids and supposed to have unforgettable moments with them to keep you warm when the birds fly away.

    What's the point of early retirement in 15 years if you never took your family to a ski vacation or never gift your son that shiny bike for this birthday, because you spent the profits on buying the dip?

    We are all greedy and that's what pushes us forward, but you have to get your priorities straight.
    Never taking profits is a 100% loss, even if that portfolio is worth millions.

    submitted by /u/Time_Ranger6189
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    Reddit Confidentially Submits Draft Registration Statement for Proposed IPO

    Posted: 16 Dec 2021 02:41 AM PST

    The social platform is seeking an initial public offering of common shares, it said in an announcement Wednesday.

    Reddit has confidentially submitted a draft registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering of its common stock, the company announced on Twitter.

    • The numbers of shares to be offered and the price range for the proposed offering have yet to be determined, the announcement said.
    • The IPO is expected to occur after the SEC completes its review process, subject to market conditions.
    • Reddit is in a "quiet period," and for regulatory reasons cannot disclose more information, the announcement said.
    • The social media platform announced in January it was expanding its work with the Ethereum Foundation to provide development resources to scaling tools. In the announcement, posted to the Ethereum subreddit, Reddit employee u/jarins said the move increases the company's commitment to the technology and echoes its long-held "decentralized ethos."
    • Wednesday's release does not constitute an offer to sell or the solicitation to buy any securities, Reddit said in a disclaimer.

    source

    submitted by /u/Ok-You-4443
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    US is currently in 29 Trillion Dollar Debt! Crypto is your rescue boat! Get on it quickly!

    Posted: 15 Dec 2021 08:23 PM PST

    United states of America is currently in 29 Trillion Dollar Debt. And the congress passed a legislation which will help them borrow even more. So till 2023, debt will be 31 trillion dollars.

    Governments will continue to take bad decisions and this boat is sinking! Get yourself in the rescue boat of Crypto when there is time. Ofcourse there always will be time. But its always better to be early and get good seats.

    When they wont be able to repay this debt, they will print more money. Which they have been doing for a long time now.

    It might be hard for some people to accept this fact now. But Cryptocurrencies will eventually replace our usual currency. It might take 10-15 years, But crypto is the future.

    Even though crypto is offering a lot more in technology, though that wont attract more people to Crypto. There will be higher Crypto adoption only because how reckless these government systems are, and the way they are making these holes in their boat, and that is the reason why its sinking.

    Not an financial advice, but a life advice. Get in early, pick a nice seat. Use stablecoins more your savings. And trade only what you can afford to lose.

    Have a good day people.

    submitted by /u/AffectionateMind26
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    Fed chair Jerome Powell says he isn't concerned about crypto disrupting financial stability in the US

    Posted: 15 Dec 2021 02:06 PM PST

    Bit Boy, XRP Bro, Barby Crypto and other embarrassing influencers in crypto. Who are some influencers in the space who are actually useful to listen to?

    Posted: 15 Dec 2021 09:06 AM PST

    As most of us know, all but some of these are just scams with extra steps to pump their own shitty bags then dump on newcomers and/or idiots on YouTube.

    How crypto online is ever taken seriously when you can't tell the difference between a crypto news article on YouTube to some 12 year old kids Fortnite upload when both thumbnails look exactly the same. With emoji, stupid fonts, shocked cum faces...

    Anyway, I was looking up for some credible analysis channels on any platforms and couldn't find many, other than Crypto Dad (pretty basic though) and chain specific c suite people on Twitter.

    I'm not looking for coin shillers or moonshot bullshitting TA 'analyst' more news and educational speculation.

    Any recommendations?

    Edit: you can save yourself from replying with DYOR etc, I'm bored over the holidays and want stuff to listen/watch. I won't be taking any advice as gospel. I am not a retard.

    submitted by /u/Chicky_Nuggy
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    Whoever still invests based off of "YouTube crypto influencers" probably deserves being scammed.

    Posted: 16 Dec 2021 12:25 AM PST

    I mean they have it coming for them. who still uses YouTube for reliable crypto news? It's literally a bunch of sellout channels ready to shill any coin.

    There are much better sources, and in fact there are much better streaming platforms that are crypto compatible like Theta or Xfinite. I tried Xfinite's Mzaalo and it's actually better than YouTube in ever way, has better content and above all is crypto compatible which made all the difference for me.

    Stop using YouTube for crypto investment advice or you'll definitely end up scammed or rug pulled on.

    submitted by /u/ninaplanina
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    Are NFTs useful or are they just an outlet for money laundering?

    Posted: 15 Dec 2021 01:48 PM PST

    I have several friends who are into crypto and we've been discussing the current hype for NFTs. NFTs have gained so much popularity recently that we see NFTs being sold at crazy prices. Half of us see the value in NFTs and half of us think it's a joke. In my opinion I think the market for NFT right now is way too saturated and there are too many scams going on. But so is cryptocurrency as a whole too so I'm not sure. I saw this article titled "NFTs: Fraudsters Are Preying But The Industry Is Fighting Back" stating that big innovators are making a move on securing the NFT space. I wish the best for the NFT market but I'm still so skeptical. A few of my friends are buying NFTs and I'm scared I might be missing out.

    submitted by /u/pancakebellyache
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    Bitcoin mortgages will be available in 2022 in the US and Canada

    Posted: 16 Dec 2021 03:08 AM PST

    El Salvador is Now Producing BITCOIN ATMs (From Scratch!)

    Posted: 15 Dec 2021 07:59 PM PST

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