• Breaking News

    Monday, January 10, 2022

    Cryptocurrency Cardano Reaches Goal of Planting 1M Trees

    Cryptocurrency Cardano Reaches Goal of Planting 1M Trees


    Cardano Reaches Goal of Planting 1M Trees

    Posted: 10 Jan 2022 03:28 AM PST

    Warning: Dont use DESO, allegedly a "decentralised social network". It asks to enter your seed to login, and whats worse - they store your seed in plaintext locally.

    Posted: 10 Jan 2022 01:04 AM PST

    Warning: Dont use DESO, allegedly a "decentralised social network". It asks to enter your seed to login, and whats worse - they store your seed in plaintext locally.

    DeSo is supposedly a decentralised social media platform that has recently launched its token without even a platform yet.

    When creating an account, it asks to enter your seed to login.

    Sign up with seed

    Yeah.. sure jan.

    This is such a horrible security practice that just doesnt need any explanation.

    Definitely, nothing untoward can happen by entering your seed to login everytime..

    Oh wait.. they themselves prove how it could go horribly wrong.

    Not only do you have to enter the seed, they are storing the seed in plaintext locally

    Seed stored in plaintext

    This horrendous security practice was noticed by user Nptacek.

    The whole platform stinks tbh, if you go to their home page, its full of buy their shitcoin links instead of an actual social network. Decentralised social media networks like Mirror and GM already exist that do not have any token and can be used already. Mirror especially is growing in popularity as an alternative to Medium among crypto users. It doesnt have any token, and only uses Metamask to verify the authenticity of your account. For example Vitalik could verify himself with his ENS address.

    Whereas DESO seems to be only interesting in pushing their token first and has a market cap of over $650m without even a functional product.

    Why should I buy a token to use a decentralised social media network first?

    submitted by /u/Set1Less
    [link] [comments]

    “Expert warns against buying the dip.” Ok, it’s time to buy more.

    Posted: 09 Jan 2022 11:54 PM PST

    What are the red flags in a white paper that indicate this crypto project will be a failure?

    Posted: 09 Jan 2022 11:52 PM PST

    What are the red flags in a white paper that indicate this crypto project will be a failure?

    Many people, especially me, or newcomers, are only gradually entering the world of crypto and may not yet understand one or two technical details.

    Friends of mine arrived with a super great coin which in the end turned out to be a mlm scam

    Since today's whitepapers look more like a marketing plan of a sugary soda drink company I thought maybe there are some smart apes here who can help and list possible keywords that indicate that this project will fail or uses outdated technology.

    Thanks for any advice, have a great Week.

    submitted by /u/Lucabba
    [link] [comments]

    Cryptocurrencies will not "kill" fiat and people who think so are ignorant. But, Crypto and Fiat can coexist, and competitiveness in that financial world suits us all

    Posted: 10 Jan 2022 04:38 AM PST

    Many "advocates" of cryptocurrencies often say that the revolution is coming to us and that cryptocurrencies will take down Fiat.

    Sometimes individuals remind us that the whole purpose of cryptocurrencies is that a decentralized financial system allows us freedom and independence from a third party as we conduct our transactions.

    But still crypto will never replace fiat fully.

    Crypto and Fiat will coexist.

    Fiat money has been used for longer and is accepted more globally then crypto, but crypto offers many advantages that fiat currencies do not have, especially when we talk about inflation and creating a fair financial system.

    Unlike gold that has gold in it and silver that has silver in it ,fiat as paper has worthless paper in it.

    But the central government gives value to this paper and it exists only because the central government says that it has purchasing power. Also, with the help of the central power, states preserve power, and thus peace with all manipulation that comes with it.

    It is precisely those states that will simply never hand over that power, but will jealously guard it, and whatever crypto does, fiat will historically still be there.

    Crypto will not replace Fiat, but with cryptocurrencies we get one strong alternative that we can use whenever we want, and banks will therefore have to change their business.

    submitted by /u/UnexperiencedIT
    [link] [comments]

    Do you believe ETH is still a good long term investment?

    Posted: 09 Jan 2022 08:18 PM PST

    So, besides the daddy bitcoin, ETH has been number 2 by a long shot for some time. I personally doubt it will be taken if number 2 anytime soon if it would ever happen.

    I'm also bullish enough that ETH is pretty much my biggest investment in cryptocurrency personally.

    Bitcoin and ETH have had some dips lately but I thi k that's more reflective of the crypto market as a whole at this moment in time. When the bulls come back I imagine BTC and ETH still retain for the top for the time being now.

    With all the said though- TL;DR- do you believe ETH is still a good long term investment?

    (IE- one of the safest bets if you're gonna invest a lot in the crypto market...)

    Thanks 🦉✌

    submitted by /u/lymeguy
    [link] [comments]

    Binance CEO Zhao Is Worth $96B Excluding Crypto Holdings: Report

    Posted: 10 Jan 2022 01:51 AM PST

    You guys remember plan b?

    Posted: 09 Jan 2022 10:26 PM PST

    Months and months ago I was telling everyone in this sub how worrying it was every retail trader was parroting plan b's predictions. Everyone was saying the exact same thing that youtuber Benjamin Button or whatever the hell his name is was saying "duur I dont like youtubers. Ta bad. Benjamin Cowen good 100k EOY"

    Everyone thought I was a crazy conspiracy theorist for believing the whales would trap retail based on them stupidly showing their hand.

    Remember when reddit all agreed to show support to el Salvador by buying $30 on the day it became legal tender and it dropped 10k in a single 1hr candle? Remember when everyone aped into doge for the Saturday night live elon episode and it never recovered?

    If you guys think big money isn't paying attention to retail by monitoring reddit and crypto Twitter to do the exact opposite, then you iz dum.

    Please stop being an echo chamber. Not just on reddit but everywhere. Stop listening to youtubers and influencers and making your trading and investing strategies public. That data is more valuable than you know.. You're gleefully telling people how to take your money in exchange for some dopamine and moons which are nearly worthless. Half of the people you're listening to and "talking" with are bots anyway.

    The hedgies learned the hard way how influential some kids on a forum can be with gme and amc. They're paying attention now and using bots and commenters and paying youtubers to share narratives. Cryptos4us, coinbeureu, bitboy, wendyo, alt coin daily are all paid to shill projects and put down others.

    Buy and trade your coins and keep your predictions to yourself. Especially in a place like this where real discourse has been reduced to farming and manipulation

    submitted by /u/RandullFlagg
    [link] [comments]

    I looked into the top 5 most upvoted posts in CryptoMoonshots EVER

    Posted: 10 Jan 2022 04:29 AM PST

    People, during red times, sometimes get frustrated and try to gamble their money on lower cap coins in order to win back their recent losses.

    To do this, some people end up finding the cryptomoonshots' subreddit thinkin they may have found the next best crypto. That subreddit is now closing on 1.4M members, which is concerning (not knowing the ratio of people to bots in there).

    So, to help out everyone in here, I decided to look into the top 5 most upvoted posts ever and see where they are now.

    Project (time of post) Upvotes Percentage from ATH (cmc)
    Beyond Protocol (3 months ago) 7600 -99%
    4JNET (2 months ago) 7600 -77%
    MiniFloki (3 months ago) 7400 -99.7% (delisted from CMC)
    Cashio.io (4 months ago) 7300 -97%
    RISQ Protocol (4 months ago) 7200 -98%

    Claims these projects made:

    • Bigger than $BTC and $ETH Combined!
    • The pinnacle of Fairness!
    • Building a Revolutionary Casino

    Almost every comment looked fake to me as well.

    Don't trust these guys, crypto bros and sis. There are better ways to invest your hard-earned.

    TLDR: Rug Pulls for breakfast

    submitted by /u/nDreCoelho
    [link] [comments]

    Ethereum May Facilitate 50% of Global Financial Transactions in Next Decade: Pantera CIO

    Posted: 09 Jan 2022 10:04 PM PST

    Why CNN’s recent “Inflation and who's to blame” article is hot propagandistic garbage.

    Posted: 10 Jan 2022 04:02 AM PST

    To be ignorant of inflation is to suffer its evils.

    Inflation, explained: Why prices keep going up and who's to blame.

    It starts off by confusing you and making you feel stupid at the same time by saying "Inflation is, paradoxically, both incredibly simple to understand and absurdly complicated." If you've been in the crypto-space for any decent amount of time you might have come to better understand inflation than the average Joe.

    "Inflation, however, occurs when the average price of virtually everything consumers buy goes up. Food, houses, cars, clothes, toys, etc…..It's not a bad thing." IT'S NOT A BAD THING? ARE YOU JOKING?! INFLATION IS A GLOBAL EXISTENTIAL CRISIS! People justify it by saying wages themselves will rise with inflation, but we all know the federal minimum wage has remained $7.25 since 2009, and that's bare dollars not inflation calculated.

    "How'd we get here? - Blame the pandemic." NO, you governmental and bank ass kissing reporters, we got here because the money system is broken and everyone thinks Keynesian economics is the one and only way to money. Inflation erodes purchasing power and causes a spending urge which tends to boost inflation in turn! A truly catastrophic feedback loop.

    "And here's where Econ 101 merges a bit with Psych 101. There's a behavioral economics aspect to inflation….prices go up …consumers…buy more goods" Oh wait so it's our fault for spending and such? Bastards. This narrative tries to reverses cause-and-effect relationships and indicts the victims (us) for perpetrating the crime all while exculpating the monetary authorities who willfully and openly PRINT MONEY BBBBRRRRRRRRR.

    People say 2% annual inflation is healthy economic growth, but The Consumer Price Index (that has a whole popurri its own issues) is 6.8% and The Personal Consumption Expenditures price index (also imperfect) is 5.7%; the highest it has been in 30 years. I know the real rate isn't really 15% even while using the pre-1980 methodology, but it's not what they tell us it is, probably around 10%, and that should scare people!

    "Take cars, for example." No, let's not take cars, no one really cares about cars but Elon. 91.3% of US households have access to at least one vehicle – 88% own a car – that's the second highest country in terms of ownership. They go on to talk about supply chains and microchips and how they effects cars, two economic but non-personally related issue that the average person doesn't give a shit about. No one had a personal computer in 1970 but they're using the same metrics to calculate CPU inflation in the same basket??

    You know what we do care about? That my normal grocery load cost $50 now not $43 like they did last year and that it is probably up from the year before.

    Inflation reduces the purchasing power of your income and your assets. The one plus side might be that it reduces purchasing power required to pay a mortgage; but only 65% of Americans have one of those. You can be happy gas prices are still between $2-3 but don't blame the current administration when it hits $3.5, blame the U.S. Department of the Treasury and The Federal Reserve System, blame the government, and whatever you do, DON'T EVER BLAME YOURSELVES!

    submitted by /u/Jxntb733
    [link] [comments]

    The price of bitcoin is essentially flat from 1 year ago ($42k). And yet, the fear and greed indicator is almost EXACTLY the opposite. From 10 (extreme fear max) a day ago, compared to 90 (extreme greed max) 1 year ago.

    Posted: 09 Jan 2022 11:51 PM PST

    If a random person with no knowledge of cryptocurrency saw this they would think that the markets are crazy.

    It is completely normal for an asset class to have a year where it has little price action. This is actually healthy.

    Now consider and contrast the two $42k price zones.

    One year ago BTC had basically doubled in a few weeks. Everybody was FOMOing in. Alts were getting rekt and I recall selling my ETH for BTC because it seemed unstoppable. Extreme greed kicked in, and what happened? We got rekt, falling to 28k in a fairly short time frame - a massacre. In hindsight you were crazy to have bought that run.

    And yet, now we have the exact mirror image opposite. We are talking Star Trek style, mirror dimension (Spock is evil and has a beard etc opposite). Down from $69k but at the same level, people I know are capitulating and selling or even thinking of shorting. The same folk who were desperate to get in a year ago as the bull cycle had no top.

    Now in retrospect we know that (for the short term at least) - doing a FOMO buy at $42k in January last year was a bad idea. Heck, there was a guy on this sub who bought at that price and was posting about how he couldn't sleep from the lost money for the next few weeks.

    We ALSO know that doing a FOMO sell at the various fear levels this year ($28k, $30k, $39k and so forth) was a terrible idea and instead buying was the plan. Equally buying at the extreme greed tops was a bad idea.

    So if you treat it as a psychological war game - would it make any sense at all that now is a good time to either sell everything and walk away? Sure it could go down. It might go down a bit more yet, but the risk reward has always favored buying in extreme fear scenarios for the entire history of crypto.

    And as a final point, it looks like funding finally flipped negative. So those short position holders who have suffered over the last few days are now paying long positions for the privilege, despite losing a bucket of money.

    PS if you are keen on some hopium I have a telegram channel that is just for posting hopium stuff like this (coin neutral - no shills or anything). It is t*dot*me/hopiumchannel (the dot is a .) I did that a weird way as I think it will block my post otherwise.

    submitted by /u/Cryptodragonnz
    [link] [comments]

    More than 1 in 10 first-time homebuyers have sold crypto to fund down payments

    Posted: 10 Jan 2022 03:23 AM PST

    New year, new China FUD: Today the Chinese government officially included cryptocurrency mining as an industry that should be eliminated. Till now, some miners were paying punitive charges to continue mining, but now that too will be eliminated

    Posted: 10 Jan 2022 12:47 AM PST

    No comments:

    Post a Comment