Cryptocurrency Anybody feel like celebrities are not paying for the Ape NFTs??’ |
- Anybody feel like celebrities are not paying for the Ape NFTs??’
- Everybody looks forward to a massive crypto bullrun, but nobody talks about the terrifying prospect of cashing out and then your bank freezing your account and stealing all your money
- [PSA] We should do something for todays HALF MILLION lost tragedy to NEVER EVER happen again.
- Trying to explain crypto to nocoiners is like in the film Idiocracy trying to explain that water is for crops and not just toilets.
- Ethical hacker helps recover millions lost in StableMagnet rug pull
- You are NOT a Crypto "Millionaire/Billionaire" if you simply just converted your already existing wealth or part of it to Crypto.
- It's not a good idea to speak in actuals when posting or engaging on this sub.
- What is your craziest crypto opinion?
- OpenSea Says 80% of NFTs Made With Its Free Tool Are Fraudulent.
- I see why crypto skeptics don’t talk to crypto enthusiasts, we are really toxic.
- Las Vegas Strip Club Accepting Crypto for Lap Dances
- If you could give one piece of investing advice to your younger self, what would it be?
- Crypto Gains Helped Me Pay Down My Credit Card Debt
- "Overdraft Fees hit another Record High": But the Problem is Crypto and not Bankers taking Money from the Poor in Record Highs
- If you live in a country which taxes Crypto gains: would you ever consider moving to a Crypto tax free country?
- Your favourite coin/ project by community alone?
- Tommorrow or next Tuesday the SEC will accept the first USA Bitcoin spot ETF(s). Remember this post
- OUCH: Dude loses/burns 195 ETH ($511,000) by sending to wrong address
- Milestone: Bitcoin whitepaper is now available in 40 languages
- Who long do you intend to hold your crypto investments?
- What are your biggest crypto concerns?
- You always hear that we are early but did you know that there are only 1 Million active Bitcoin addresses?
| Anybody feel like celebrities are not paying for the Ape NFTs??’ Posted: 30 Jan 2022 07:25 AM PST I have seen all over the news of different celebrities paying exorbitant amounts for the Ape NFTs and it just feels super inorganic and forced. There are many celebrities that have supposedly bought these NFTs and now have changed their profile picture to the Ape they own. Some of the prominent ones include Future, Lil Baby, and Jimmy Fallon all spending 500K+. And while I don't doubt they couldn't afford it as they are all obviously multimillionaires. I do not believe they are actually buying them. My working theory is that they are simply getting them for or even getting paid to market these NFT's and it's just the NFT owners wash trading between their own ETH wallets to create Artificial demand and contribute to the price inflation. The most recent one I saw was Justin Bieber buying an Ape NFT for around 500 ETH (over 1 million USD). When the base price of the NFT was 250K. I refuse to believe celebrities at their own willingness are overpaying for these. Once again I understand that a celebrity like Justin Bieber could in theory afford to throw a million at something like this. But just doesn't seem like something he would rationally do without ulterior motives. Welcoming any thoughts people have on this? Just want to disclaim I am not against NFT's and believe the tech and potential of it is amazing, but the current use case is absurd and indicative of a artificially inflated bubble(this is coming from someone that made a few ETH flipping NFTs) [link] [comments] | ||
| Posted: 30 Jan 2022 08:07 AM PST I read about this occasionally and it keeps me up at night. People cash out their long-held crypto at an enormous profit, but as soon as they exit stable coins and transfer fiat into their bank account, the bank freezes the account for 'suspicious activity' and sometimes never gives it back. What is the best way to avoid this outcome? My wife and I plan to buy a house in the next year or so, depending on the market, and I'm absolutely terrified that if I make a large transfer from a crypto exchange into my bank account, the bank will simply go 'this belongs to us now, go fuck yourself!' For those of you who have cashed out in the past, how'd you do it? What was your experience? [link] [comments] | ||
| [PSA] We should do something for todays HALF MILLION lost tragedy to NEVER EVER happen again. Posted: 30 Jan 2022 09:22 AM PST Manual cross post for Original post at r/ethereum. r/Ethereum Today's Headline, The Original Post of Said Tragedy TL,DR: We should start a campaign, here is our appeal:
No matter what role you are playing in the scene - Blockchain developers, DeFi users, NFT hodlers, investors, today's tragedy is a serious alarm to us all that, Ethereum, along with many other blockchain technologies, are yet to be fully fledged for mass adoption. This is fully understandable because the nature of new technologies is, no matter how many work we do to make the design perfect, it needs to be tested in the field first for problems to be reveal and fixed. ERC-20 token standard is one of them, it's such a classic standard with long history and a whole ecosystem built upon it, but we all forgot that the philosophy behind its design is still immature, leading to serious loophole and design failure. Sending ERC-20 token to any sort of Smart Contract is pointless and exceedingly dangerous. In usual business logic, if user want a certain smart contract to have certain token, what they should do, and the way the Smart Contract should absolutely implement is: user approve in ERC-20 token contract first, then you make user to call a function exposed by your Contract, in the function, your Contract calls transferFrom function on ERC-20 Token Contract, so that your contract is aware of this transfer. An ERC-20 transfer function call, to ANY CONTRACT ADDRESS, initiated by END-USER (EOA address), is POINTLESS and will ALWAYS result in PERMANENT, UNRECOVEABLE TOKEN LOSS. Today's tragedy is caused by collective effect of many factor: The nature of Ethereum that all addresses look the same; Lack of user education on smart contract (I see why people blaming weth.io on this, it's fully reasonable, today's victim might came up with the idea him/herself that: hey I send ETH to the contract, got WETH, now I send WETH back, ETH back, that's what the GIF on weth.io says! completely not knowing what's under the hood, the anonymous fallback function and etc.). Lack of on-chain logic checking and preventing this (it would cost everybody's gas). But the most unforgivable factor is the NEGLIGENCE of wallet software: ZERO warning upon sending ERC-20 token to a Contract Address, on the UI I just saw "Contract interaction: Transfer", and I'm good to go! To PURGE ALL OF MY HODLING with single mouse click! That's not how fault tolerance/fault proof should be done - to be honest, that's zero fault proof. Green across the board, we are good to go right? POOOOF, SNAFU, a poor guy's life saving gone. This issue has been around for years, and of course, everything on chain is accessible, etherscan.io can tell if an address is a contract, Infura can tell if it's a contract. But metamask, ledger live, xxx wallet and etc cannot tell if the address in the text input is a contract. So, once again in the end, We should start a campaign, here is our appeal:
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| Posted: 30 Jan 2022 09:07 AM PST
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| Ethical hacker helps recover millions lost in StableMagnet rug pull Posted: 30 Jan 2022 01:35 AM PST
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| Posted: 30 Jan 2022 02:25 AM PST I keep seeing this "Crypto Billionaire" label thrown around and frankly it doesn't make sense nor is it an accomplishment. Most of those who hold such a title were already rich to begin with! This gives unrealistic expectations in the technology making every joe believe he can be a millionaire with $100. If we actually took the time to research the family backgrounds/immense dollar wealth these successful Crypto influencers already possessed prior to investing, I believe it would help show everyone a glimpse of reality. Yes there are legends who make it from nothing but they either held since the dark ages or made a barbaric play into a newly released project. Other than that, it is the same old story of "My father gave me a small loan of a million dollars". The next time you see someone on some "Crypto rich list" or a guy flashing his Crypto gains, consider doing a little research. [link] [comments] | ||
| It's not a good idea to speak in actuals when posting or engaging on this sub. Posted: 30 Jan 2022 05:23 AM PST For anyone that might be new here, or anyone that might need reminding, it's never a good idea to post about how much you have invested or how much you're buying in dollar amounts. Instead, you can convey the same sentiment using percentages. I know it can be exciting when we reach our goal of getting X amount of ETH or BTC, and we want to share that with the community, but it's best practice for your security to keep the number out of it. I will never understand why people post screenshots of their buys or investments, although I'm sure it's ego-related. Wishing you the greenest day! [link] [comments] | ||
| What is your craziest crypto opinion? Posted: 30 Jan 2022 09:45 AM PST Which opinion do you hold that you think most would disagree with you on and even yourself think to be outlandish but can't help but hold? I think people within crypto are generally pretty optimistic, we get some monstrously high price estimates for the top coins (and often some of the coins closer to the bottom) - and even outside of price alone, we have advocates predicting crypto being implemented in almost all walks of life. Ticketing, tracking, payment tend to be the most commonly touted areas affected by this implementation, and people touting them seem to exist in degrees of optimism - like simple storage of booking information to that more fundamental, like tracking/ tracing of votes during elections. So what's your most optimistic/ unlikely/ uncommon opinion on crypto? [link] [comments] | ||
| OpenSea Says 80% of NFTs Made With Its Free Tool Are Fraudulent. Posted: 30 Jan 2022 05:53 AM PST
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| I see why crypto skeptics don’t talk to crypto enthusiasts, we are really toxic. Posted: 29 Jan 2022 11:31 PM PST I simply tweeted that BAYC for 100 ETH really doesn't sit well. It seems dumb no matter how many exclusive rights you get. Eminem is not going to show up at the party of crypto degenerates. The amount of people with little or no knowledge how blockchain and crypto work, came attacking. At first it was a good banter and set of well nuanced arguments with mutual respect. Then came these people who started saying "You're salty", "Dumb fk" and so on. I get why people who are negative about crypto block others. It's really dumb how crypto community just want to add value to so many things that the only way put of it is to sell it to the highest bidder and hence they have to continue to support stupid projects for stupid uses. [link] [comments] | ||
| Las Vegas Strip Club Accepting Crypto for Lap Dances Posted: 30 Jan 2022 12:37 AM PST
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| If you could give one piece of investing advice to your younger self, what would it be? Posted: 30 Jan 2022 04:33 AM PST I think "buy a shit ton of Bitcoin" goes without saying. For me it would be do not panic. Whilst I haven't made any substantial losses yet, I've definitely burnt some hard earned money by freaking out when certain coins crash, and selling them for something I thought was a safer bet at the time. In the case of solana, I don't regret that decision. But there definitely some cases where I've acted rashly and my wallet has taken a hit in the long run. So yeah, I'd tell myself to chill, and think two, three, four times etc before messing with my portfolio. What advice would you tell your younger self? [link] [comments] | ||
| Crypto Gains Helped Me Pay Down My Credit Card Debt Posted: 30 Jan 2022 09:19 AM PST Before the September downtrend I had a few unavoidable large purchases on my credit cards that stacked up. I wasnt breaking even on my cashflow going toward holiday season and it was stressful. This prompted me to take profits and sell some ETH, BTC, CRO, ADA to pay everything down to a comfortable level. In all, it only amounted to a modest $800, but gave me the breathing room to not be stressed out about my finances. At the time I was reluctant to sell anything because of the hodl mentality. We all get hammered with posts about holding, never selling, buy the dip, etc. but remember to take care of yourself in the present as well. [link] [comments] | ||
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| Posted: 30 Jan 2022 03:28 AM PST I always hear a lot of debate and discussions in crypto subreddits about how difficult it is in the US to pay taxes on your crypto gains. To my knowledge, you US users need to manually calculate every buy and sell you ever did to calculate how much you need to pay in taxes. It is truly horrible and I am sorry that you need to go through that. What are your views on countries that do not tax crypto gains? I am from the EU, and for example Portugal (just an example but it's not the only one) doesn't have any taxes on crypto gains. In the case scenario that my holdings will moon (not disclosing what I am invested in) I am considering getting residence there to avoid paying 50% to the government. Would you ever consider moving out of your country should you make life changing amounts of crypto gains? [link] [comments] | ||
| Your favourite coin/ project by community alone? Posted: 30 Jan 2022 08:50 AM PST Mostly when we consider our affection for a particular project we base it on numbers - how much it has made us, how much it has consolidated, how much further it has to go (based on more numbers like circulation and inflation/deflation/burning) - but which project do you like solely because of the community, even if numbers-wise it's not in the best of shape? For me, it's probably Nano because of how willing I've found people involved are to take the time to explain, clarify and assist in setting up and understanding the technology involved (yes, I'm aware their motive could be said to be numbers orientated but generally I've found them to be less pushy - which might be the result of luck and circumstance of course but i can only speak of my own experiences). Which project is your favourite based on your experience of the community alone? [link] [comments] | ||
| Tommorrow or next Tuesday the SEC will accept the first USA Bitcoin spot ETF(s). Remember this post Posted: 30 Jan 2022 12:22 PM PST
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| OUCH: Dude loses/burns 195 ETH ($511,000) by sending to wrong address Posted: 29 Jan 2022 11:29 PM PST | ||
| Milestone: Bitcoin whitepaper is now available in 40 languages Posted: 30 Jan 2022 09:58 AM PST
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| Who long do you intend to hold your crypto investments? Posted: 30 Jan 2022 09:01 AM PST For the last few days I have seen a few posts about some people making predictions for 2030 and how BTC is going to 1 million and ETH is going to 180k and so on. That is still very far away, do you intend to actually keep it for so long? Maybe you have some shorter plans to wait for lets say 2025? You obviously need to have diamond hands to not sell for so long and a looot of patience. It obviously sounds like a good idea to keep it for so long since naturally more and more people will buy into it, we will hopefully leave covid behind us by then so it wont cause problems for the economy, etc. Do you even have a plan or are just waiting for who knows how long still? [link] [comments] | ||
| What are your biggest crypto concerns? Posted: 30 Jan 2022 10:21 AM PST When you're investing a decent amount of your income into anything, I think it's important to look at any potential downsides. Every now and then I head on over to r/buttcoin as it is the complete opposite of this sub, a nice dose of nopium. Unfortunately it is impossible to debate anything over there, as they are 100% anti-crypto and anything you say gets downvoted into oblivion. On the other hand, this sub is just full of hopium and 99% of the time people are to afraid to speak out regarding any concerns they have. This is a huge part of the reason that non-coiners see the crypto community as cult-like. I'm interested to hear any genuine concerns this sub has in regards to crypto, whether it be Tether printing money out of thin air, or the damage on our environment through energy consumption. What could be the biggest hindrance towards crypto gaining mass adoption? [link] [comments] | ||
| Posted: 30 Jan 2022 04:13 AM PST According to Glassnode there only a few active Bitcoin addresses. https://studio.glassnode.com/metrics?a=BTC&m=addresses.ActiveCount&s=1499461418&u=1528572092&zoom= There are obviously much more Addresses sleeping with their funds safely on a cold wallet. Keep in mind that many people have more then one active address. I for example buy bitcoin on one address and then send it to my cold wallet. That's two active addresses but only one person. Bitcoin adoption is often compared to internet adoption. In 1995 there were just 16 million internet users and I think that's about where we are with bitcoin adoption. Everyone has heard of it, but hardly anyone uses it. This matches my personal experience. People 40+ in particular are very skeptical about cryptocurrencies. They have the usual prejudices: bubble, ponzi, pro-criminal, etc. What I mean to say is that I am very optimistic about the future course of action. Just hold, stay safe, don't fall for FUD and DCA Cheers [link] [comments] |
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