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    Cryptocurrency New Moons Distribution (Round 21 Proposal)

    December 23, 2021

    Cryptocurrency New Moons Distribution (Round 21 Proposal)

    New Moons Distribution (Round 21 Proposal)

    Posted: 22 Dec 2021 01:01 PM PST

    Moons are r/CryptoCurrency's version of Community Points. Community Points are a way for users to be rewarded for their contributions to the subreddit, and they can be used on premium features in the community.

    Moons are distributed every 4 weeks based on contributions people make to r/CryptoCurrency. For every distribution, Reddit publishes karma data as a default measure of contribution. The community can review the data and optionally propose an alternative distribution, if they wish.

    This distribution is based on karma earned from 2021-11-24 to 2021-12-21. Here is the data.

    To propose an alternative distribution:

    • You can create a CSV with alternative contribution scores or propose changes to the algorithm used to calculate them from karma (as long as the changes can be implemented easily).
    • The amount of Moons distributed to a user will be proportional to their contribution score. Contribution scores cannot be negative.
    • Make a poll to have the community vote on your proposal. Include an accurate description of the changes you are proposing.
    • In order to pass, the winning option in the poll must meet the decision threshold (minimum number of Moons in support). If it is in favor of the change, it becomes the official contribution measurement (unless there is evidence of abuse in the vote, such as bribery). Algorithm changes will carry forward to future distributions.
    • In case of multiple competing polls passing, the one with the most Moons cast in favor will be the official one.
    • If no alternative passes, the data provided here will become official.

    The contribution scores for this round will be finalized on 2021-12-29. Any poll proposing an alternative needs to be completed by then.

    After the scores are finalized, Reddit will sign the data and publish the final, official data. After that, people with a registered Vault will receive Moons directly into their Vault. Other users will receive their Moons when they create and register a Vault.

    submitted by /u/CommunityPoints
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    Daily Discussion - December 23, 2021 (GMT+0)

    Posted: 22 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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    Your top pick Alt coin for 22

    Posted: 23 Dec 2021 12:15 AM PST

    If you had to pick just one alt coin that you think will have a great year in 2022, what would it be and why ? ( excluding ETH .... to obvious )

    My choice is ATOM, while compared to early this year it hasn't gained much in terms of value, but the cosmos ecosystem as a whole has grown exponentially, with new projects (and airdrops) adding to IBC and many more on the way, personally i feel like it is a seriously undervalued coin.

    So go on, shill your top pick for 2022, and maybe santa will leave a ledger under the tree with a few of X coin on it .... unless you pick shib .... santa is not bullish on shib, instant naughty list if you ask for that this year

    submitted by /u/Jazza86
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    Donald Trump calling Crypto ‘dangerous’ is in my opinion very bullish

    Posted: 22 Dec 2021 01:16 PM PST

    Congress should investigate insider trading of its members instead of spreading crypto FUD

    Posted: 22 Dec 2021 04:17 PM PST

    Seriously, Nancy Pelosi averages 10x returns per year in the stock market but Congress is too busy with shitting on Crypto. Hypocrisy at its finest. Oh, I forgot, maybe most congress members are making inside tradings. Maybe thats why they don't give a f*ck about its members insider trading suspects and they are dealing with crypto instead.

    AOC pushes back on Pelosi: 'No reason members of Congress should hold and trade individual stock'

    Another headline;

    Pelosi said it's fine for lawmakers to trade stocks. She's wrong.

    The System is fucked up.

    submitted by /u/666CryptoGod420
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    Happening Now: Visa Has Acquired Ripple Partner CurrencyCloud for $925 Million

    Posted: 22 Dec 2021 03:59 PM PST

    Merchants Can Now Accept Basic Attention Token (BAT) As Payment Method Across U.S And Canada - The Crypto Basic

    Posted: 22 Dec 2021 09:40 PM PST

    The only crypto dictionary you will ever need

    Posted: 22 Dec 2021 01:10 PM PST

    With expressions like "HODL", "FOMO", "DAO", "ATH", "LP" we can sometimes sound alien to people who aren't into cryptospace.

    ​

    Are you new to crypto and want to join in the conversation? Let's start from the A

    ​

    ABBREVATION EXPLANATION
    Airdrop It's not C17 dropping a Humvee onto you. It's a giveaway for holders of certain crypto or for founders. In short: free coins!
    Altcoin / Alts An altcoin is any coin that's not Bitcoin (however nowadays Eth is not quite considered an altcoin anymore).
    AMM Automated Market Maker. A kind of decentralized exchange platform (or DEX).
    ATH All time high aka the highest price of an asset. Also known as, the time when we decide to buy.
    ATL All time low aka the lowest price of an asset so far. Also known as, the time when we feel like it's really time to sell.
    Bear Bear market is a declining market.
    Bull Bull market is a rising market.
    Buy the dip When crypto dips, it's a good time to buy. Hence, buy the dip and have some tasty nachos read in case of drama.
    Block Groups of data within a blockchain. On cryptocurrency blockchains, blocks are made up of transaction records as users buy or sell coins.
    Blockchain A digital form of record keeping, and the underlying technology behind cryptocurrencies.
    BSC Binance smart chain network (BNB)
    BRRRRR Usually combined with another word such as printers, crypto and such. I suspect it's onomatopoeia for whirring. Usage "government is gonna put another billion dollars in. PRINTERS GO BRRRRR".
    Coin A representative store of digital value that lives on a given blockchain or cryptocurrency network. Some blockchains have the same name for both the network and the coin, like Bitcoin.
    Cold Wallet A secure method of storing your cryptocurrency completely offline. Many cold wallets (also called hardware wallets) are physical devices that look similar to a USB drive.
    DAO A decentralized autonomous organization (or DAO) is an organization represented by rules encoded as a computer program that is transparent, controlled by the organization members and not influenced by a central government.
    Decentralization The principle of distributing power away from a central point. Blockchains are traditionally decentralized because they require majority approval from all users to operate and make changes, rather than a central authority such as a national bank.
    Decentralized Finance / DeFi Financial activities conducted without the involvement of an intermediary such as bank or CEX.
    Decentralized Applications / DApps Applications designed by developers and deployed on a blockchain to carry out actions without intermediaries.
    Digital Gold Experts sometimes compare specific cryptocurrencies to real gold based on the way it can store and increase in value.
    DYOR Do your own research. Usually that means looking at the logos and deciding which one looks cooler.
    ERC20 Ethereum network
    FIAT Fiat makes great cars but not money. FIAT is a currency without intrinsic value established as money by government regulation. $,€,￥are all FIAT. Sometimes also called "shitcoins"
    Flippening Not to be mistaken for "fappening"! It's an act of Ethereum overtaking Bitcoin in mcap or other metric.
    FOMO Fear of missing out. Its when you see LUNA go to 95$ and you buy in because you dont want to miss out the opportunity. Can be very dangerous.
    Fork / Hard fork and Soft fork Fork is when a cryptocurrency platform's existing code is changed. A hard fork is when nodes of the newest version of a blockchain no longer accept the older version of the blockchain. With a soft fork, only one blockchain will remain valid as users adopt the update. Think of it as an upgrade of network.
    FUD Fear, uncertainty, doubt. It's what makes this place fun!
    Gas A fee that developers have to pay for transactions. You may hear things such as "omfg these fees are killing me" and "I need to take a loan to move my 0.001 ETH".
    GWEI Gwei is denomination of ETH which the gas is paid in. 1 GWEI equals to 0.000000001 ETH.
    Genesis Block The first block of a crypto.
    Here's our little cryptocurrency investor It's what they call us at family dinners.
    HODL "Hold On for Dear Life" that was started to get popular by a meme post in 2013.
    Halving A feature written into Bitcoin's code in which after a certain number of blocks are mined (typically every four years) the amount of new Bitcoin entering circulation gets halved.
    Hot Wallet A software-based cryptocurrency wallet connected to the Internet.
    Influencer Scumbag
    Initial Coin Offering (ICO) A way that funds are raised for a new cryptocurrency project. Popular in 2017 and a legendary for some big disappointments.
    KYC Know your customer. It's what most exchanges have been pushing lately. Usually it means submitting your photos, documents and address.
    Lambo Lamborghini .Usually used in conjunction with when. "When Lambo" in translations means " when will my coin go high enough for me to become rich?".
    LP Liquidity Provider (LP). A liquidity provider is a user who funds a liquidity pool with crypto assets she owns to facilitate trading on the platform and earn passive income on her deposit.
    Mainnet Mainnet is the released functional blockchain. (see testnet)
    Market Capitalization / MCAP Cryptocurrency market capitalization refers to the total value of all the coins. Also one of the many reasons why SHIB will not go to 1$.
    Mint Minting is how a file, usually a NFT, is recorded to a blockchain.
    (To the) moon Going up like heck
    Moons What makes this place go around
    MCIBYCFC Mom can I borrow your card for crypto. I have never said line that before. IM A GROWN MAN DAMN IT!
    Nocoiner People who don't believe in cryptocurrency or dislike it.
    Node A computer that connects to a blockchain network.
    P2P Peer to peer. In crypto this is mostly used in payments where two users transfer funds without an intermediary.
    Public Key Your wallet's address, which is similar to your bank account number.
    Private Key / Private seed The encrypted code that allows direct access to your cryptocurrency. This is the key to your money.
    Pump&Dump Don't worry, it's not "jerking off while shitting". It's artificially inflating the price of crypto in order to sell at a higher price.
    PoW Proof of Work involves solving cryptographic equations using computing power. Bitcoin is based on PoW protocol.
    PoS Proof of Stake uses digital coins for the right to validate new block transactions. Polkadot is one of many PoS protocol based cryptos.
    REKT Short for "getting wrecked". Usually "I got so REKT by buying ICP at ATH"
    Rug Pull SQUID investors most hated word. Rug pull is where crypto developer(s) abandon a project and run away with the money.
    Satoshi Nakamoto The big daddy. The OG. The founder of Bitcoin.
    Sats Satoshis, or SATs, are a fraction of a Bitcoin. 1 BTC = 100.000.000 SATs. Keep stacking em!
    Shitcoin In 2021 one of the most discussed things here were shitcoins. Shitcoins are cryptocurrencies which have no use apart from hype or other thin air stuff. Sometimes shitcoins can evolve into meme coins. Synonym with FIAT (see FIAT)
    Shilling It's not an ex-Austrian currency. It's a person hyping coins or shitcoins for their own benefit. Avoid.
    Smart Contract An algorithmic program that enacts the terms of a contract automatically based on its code. One of the main value propositions of the Ethereum network is its ability to execute smart contracts.
    Stablecoin A stablecoin pegs its value to some other non-digital currency or commodity. It's usually what you buy other crypto with.
    Testnet The testnet is the testing "Sandbox" blockchain.
    Token A unit of value on a blockchain that usually has some other value proposition besides just a transfer of value (like a coin). Usually tokens are what we lose money on.
    Wallet Place to store crypto
    Whale Not your mom but someone who owns a big portion of coins. Usually the word is used in respect like "omg look at that whale moving 200BTC"
    Yield Farming Yield farming involves staking, or locking up, your cryptocurrency in exchange for interest or more crypto.

    ​

    I hope this helps you guys fill more at home here and to understand what we are rambling about. If you enjoyed my post, let me know. If you want me to add something, also let me know. If you hated it..do let me know <3

    ​

    Take care and have a great holiday time!

    ​

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

    Sources of (most content.)

    Time.com , UsaToday , Altcoinbuzz.io , Weteachblockchain.org , AlexandriaCMC

    submitted by /u/DaddySkates
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    Cryptocom Buys An Ad Space For The Super Bowl 2022 As Its Last Major Business Move Of The Year

    Posted: 22 Dec 2021 05:26 PM PST

    I made a tutorial on how to setup the LRC CounterFactual wallet in case anyone needs it

    Posted: 22 Dec 2021 06:54 AM PST

    Loopring - Cash to crypto + general stealth

    Posted: 22 Dec 2021 01:29 PM PST

    I made the initial post on the loopring sub, but I figured a way to turn cash into crypto would be of general interest. this method does not completely avoid KYC, but I included the stealthiest way i found via bank, and you should be able to buy gift cards and use them on Ramp.

    ---

    ​

    Initially I went down this rabbit hole because i saw a post regarding Mexican culture in the US being primarily cash based because Illegal immigrants can open bank accounts. I did some digging and may have figured out some workarounds vs. direct bank/card to loopring.

    I used Privacy.com linked to my bank account to mask the transaction from my bank successfully. I don't believe you can currently fund a privacy.com account with a gift card, but it may be possible. it looks like they are adding future payment options, that might be one of them.

    I do not fully understand the benefits of this, but ill be doing it.

    I currently have a ledger Hardwallet, and you could possibly DOX yourself by going directly going from bank to your ledger address. I don't know how ramps KYC works, but it may link that address to your verification. there's unforeseen implications. The stealthier method would be: fiat onramp to free counterfactual wallet/loopring wallet, send to hardwallet on L2. the low fees should make that step negligible. i also plan on my counterfactual wallet being my "dummy" wallet in case of wrench attacks.

    Ramp itself has a KYC, but it seems fairly low level. I'm not sure the tax implications, or how they operate with federals. if anyone could help me out let me know. but as far as i can tell, they would only have access to the data of the USD-ETH transfer at the moment of transfer. not any trades or gains made from trades. i haven't figured out an off-ramp yet, but lets say you transfer and sell on Coinbase, and theres no record of gains, how will it be taxed? real question.

    as far as turning cash into crypto... it looks like you can buy a visa gift card, and register it online with you mailing address. that mailing address becomes the billing address. you have to undergo the RAMP KYC, but you can use national documents, drivers license, and passports. and you should be good to go.

    one step further into stealth: UPS rents mailboxes that count as legal home addresses. [redacted for illegal activities regarding fake IDs and mailboxes]

    in the case of illegal immigrants turning USD into ETH and "becoming their own bank (since they cant register for a bank account), those immigrants could be able to use their home KYC data, USD gift cards from the states, and mailing address/ups box.

    Edit: I didn't try a gift card, but the fact that privacy.com cards work mean that it doesn't have to be a bank issued card.

    and for those implying i'm promoting illegal activities: this is merely a discussion for security and potential use cases of a new technology, and how it may disrupt current culture.

    submitted by /u/Brojinacus
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    What was your worst trade in 2021? What did you learn from it?

    Posted: 23 Dec 2021 01:14 AM PST

    I sold $2.2k worth of BTC in March and traded it into VET at 19.3c....

    I think I don't have to describe how I feel about it and what I learned is that speculative trading is a guaranteed way to lose everything you have. In the meantime one is looking for an exit point from the worst performing asset it has, TONS of other possibilities are passing by.

    I wanted to reallocate into MATIC as soon as VET hits my AVG. to avoid losses. Guess what? It didn't hit my AVG. ever and as it was going down again, I always found an excuse not to sell, because it will go up again and when I finally decided to DCA out, it has tanked back to February levels.

    In the meantime MATIC had at least 3-4 dips and back from 1.8$ back to 2.2 which would have been perfect buying opportunities to DCA into the asset.

    What ifs are the worst in this market and it will eat your soul...

    submitted by /u/gulasch_man
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    Shiba Inu Civil War Erupts As Former Promoter Calls Project a Scam — Threats of Legal Action and Doxxing

    Posted: 22 Dec 2021 09:27 PM PST

    If you dont think we are still very early, just see the reaction to crypto on a r/soccer thread - Almost everyone there unilaterally equates crypto with MLM, Ponzi etc. Thats how unaware majority of the population are around crypto.

    Posted: 23 Dec 2021 02:04 AM PST

    Here's how much You will get This Distribution. Direct Calculation And context on moons

    Posted: 22 Dec 2021 09:22 PM PST

    i have made the sheet here, just search your username in the searchbox, and please do wait for some 2 3 seconds as the hosting server is shitty

    And the for the context of this times moons ratio

    this calculation is

    The award ratio this round will be about 0.234 Moons per karma (pending finalization of the data).There were 50112 users listed who will receive moons this round, with a total of 6,438,719 karma awarded (this includes bonuses such as the +20% you receive if you kept your moons from the previous round and the +5% if you voted in governance polls last round).

    Happy Snapshot Day Guys,

    If any problem just comment down below

    submitted by /u/olderfucker1
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    Are BTC and ETH only "Blue chips" we have in cryptocurrencies?

    Posted: 22 Dec 2021 11:03 AM PST

    For all those who don't know, blue chip is considered a financially stable company, in this case we are talking about cryptocurrencies where blue chip is considered to be every coin that has a market capital of over $ 2 billion.

    Is that true in practice? I wouldn't say, and before the coins had over $2 billion in market capital so they did good they are doing good but...

    Their prices have dropped and market capital went down. People who invested in ATH waiting for that "forget and earn" burned themselves. Not saying that the projects are dead, but for someone who invested in ATH they could look dead.

    So, apart from Bitcoin and Ethereum, what else do you consider a blue chip in cryptocurrencies?

    Edit: wrote trillion on second paragraph instead of billion

    submitted by /u/UnexperiencedIT
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    Banks have tried and failed to kill crypto. Now they are embracing it slowly

    Posted: 22 Dec 2021 05:50 PM PST

    The crypto industry is poaching talent from Silicon Valley at an alarming rate

    Posted: 22 Dec 2021 09:09 PM PST

    Most of you are probably buying crypto to have a better life later - but don't forget to enjoy life and spend money on stuff that you enjoy once in a while!

    Posted: 23 Dec 2021 01:29 AM PST

    I just saw another one of those threads that get posted on here regularly, something like "what can you cut back on to buy even more crypto??" As always, there are a few suggestions that makes sense ("don't play the lottery" - I mean, sure, crypto is the better gamble), but, predictably, most are stuff like:

    • don't eat out
    • don't buy clothes you enjoy
    • stuff like Netflix? don't need that, doesn't make you a profit

    etc etc - and come on guys, really? The general sentiment in these threads always is "sacrifices now will be worth it". And I think that's a really bad attitude, for at least two reasons:

    First, maybe it won't work out. There are no guarantees, maybe we're all way too late and 2 months ago was the all time peak for crypto and it's all downhill from here. Do I think so? Nah. Is it possible? 100%! So even if you make huge sacrifices now, you might end up broke.

    Second, it just doesn't make sense to now live badly now to be well off at some point in the future. Maybe you'll die in a car crash in 5 years, maybe your health goes downhill and you can't enjoy life as you could do now. Maybe you will be super rich and can quit your job - and then you'll be bored because you gave up on all of your hobbies and don't know what to do with your time, except try to earn even more money.

    I'm not saying you shouldn't invest in crypto, I'm not saying you should spend huge amounts of money on useless garbage either. I'm just saying that you shouldn't use all your free time and all your disposable money (not even all that you could theoretically afford to lose) on crypto in the hope to one day live nicely, if you have to live miserably and cannot spend money on fun stuff now. Find a balance that works for you, but don't forget that life can be fun and that just living for the future is not a great idea

    submitted by /u/mic_droo
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    Uniswap officially launched on the Polygon blockchain

    Posted: 22 Dec 2021 11:11 PM PST

    Bullish on BAT! Brave is finding new ways to protect our privacy: Partitioning Network-State for Privacy

    Posted: 22 Dec 2021 11:08 PM PST

    Google Authenticator DOES NOT sync with your google acc! If your phone/device dies you are fucked. Make sure to backup your Google Authenticator keys on another phone/device or print the QR Code! (Guide)

    Posted: 22 Dec 2021 07:19 AM PST

    Google Authenticator (GA) does not sync with your google account!

    If your phone dies there is no way to get your 2FAs back.

    ​

    You should backup your GA Account as fast as possible on another phone/device! This way the GA runs simultaneously on both devices.

    ​

    But to be prepared for the extreme situation that both devices die the same time you can also print out your GA backup QR code.

    ​

    Guide:

    1. Open your Google Authenticator on your main device.

    2. Click on the 3 dots in the upper right corner and select 'transfer accounts'

    3. Select „export" (choose the accounts you want to export)

    4. Now you should see a QR code.

    5. Take a photo of it if you want to print it (take the photo with another device so there is no trace of the QR code on the phone you are using GA on!!!)

    6. Otherwise just skip the above step and go get your 2nd device.

    7. Download GA on your 2nd device and choose to import an existing account. Scan the QR code your main device is showing.

    8. Done! Your GA now runs simultaneously on two devices.

    submitted by /u/Tobsgott
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    Criminals Have Stolen Nearly $100 BILLION In Covid Relief Funds. Crypto can solve this.

    Posted: 22 Dec 2021 02:45 PM PST

    Crypto.com gives ambitious 1 billion crypto users prediction by the end of 2022

    Posted: 22 Dec 2021 06:00 PM PST

    The metaverse isn't for you and me, it's going to be the next generation that chooses.

    Posted: 22 Dec 2021 04:47 PM PST

    Geezers like myself (I'm only 32...) quickly forget how much shit our parents gave us for spending hours in "online chatrooms" like MSN Messenger back in the day. It strikes me how natural it is for my 6 year old nephew to spend time in online universes like Lego world or Minecraft. I'm honestly not really sure what Roblox is but it seems to be huge as well and I heard some kid trying to explain it to his dad in the drug store today.

    In the same way that it would have seemed bizarre for us to spend so much time on our phones like 20 years ago, the metaverse is going to be the place for kids to spend hours afterschool (or maybe even AT school) and as the tech improves so will the experience.

    I'm sure many of the current metaverse tokens will still eat shit over the next bear cycle. We are still a ways away from anything game changing in that market IMHO, but don't be fooled into thinking it's not going to be back with a vengeance. Honestly we may even be a couple cycles away from a real user friendly metaverse, but we all know the value in getting in early in crypto.

    Anyway, just my two Satoshis on the topic as someone who thinks the metaverse sounds stupid (but plans to invest heavily over the next few years)

    submitted by /u/Brinothedino
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    Steve Hanke: 'We know the price of bitcoin, but not its value ... it's probably zero'

    Posted: 23 Dec 2021 01:31 AM PST

    What is the inherent value, or inherent usefulness of cryptocurrency?

    Posted: 23 Dec 2021 02:25 AM PST

    So obviously this could change coin to coin and that will of course factor into how you answer this question. We know the dollar has no inherent value, it is backed purely by belief. It does have an inherent usefulness in that so long as people believe in it it can be used for daily transactions. This is something that has been somewhat attempted but really failed to move forward with cryptocurrencys

    One advantage Bitcoin has over the dollar is of course that some jerkoff can't suddenly start printing money and inflate the currency. Still a lot of investment in crypto really is just pure greater fool theory, pure speculation and that is largely what dictates the price. Bitcoin has been criticized as a bubble for years and while bubbles have emerged Bitcoin and other cryptos have survived and expanded.

    My question essentially boils down to this: either crypto has an inherent usefulness or value to it and that's why a bubble hasn't destroyed it, or there are just many fools who keep buying it and eventually it will fail, but enough people have been tricked into it to keep the party going for a while.

    So, since you guys are strong believers in crypto what is it's inherent usefulness or value?

    submitted by /u/menaceman42
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