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    Cryptocurrency Daily Discussion - January 15, 2022 (GMT+0)

    January 15, 2022

    Cryptocurrency Daily Discussion - January 15, 2022 (GMT+0)

    Daily Discussion - January 15, 2022 (GMT+0)

    Posted: 14 Jan 2022 04:00 PM PST

    Welcome to the Daily Discussion. Please read the disclaimer 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 The prior exemption for karma and age requirements is no longer in effect.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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    Monthly News Summaries - January 9, 2022

    Posted: 09 Jan 2022 10:00 AM PST

    Welcome to the Monthly News Summaries thread. The purpose of this thread is to consolidate periodic news summaries into one place for the convenience of our readers and give contributors better visibility.

     

    RULES & STRUCTURE

    All r/CC rules apply. Only approved contributors are allowed to make top-level comments, ie summaries. Summaries will be sorted by contest mode. This thread will be posted every month at 12PM CST and pinned once a week if an open slot is available.

    GUIDELINES

    Contributors can submit summaries on news articles, coin prices, sentiment, or any crypto related subject. Contributors post content at their earliest convenience. Therefore, it may be advantageous to use the RES extension to subscribe to this thread and find out when content is posted.

     

    APPROVED CONTRIBUTORS:

    RECRUITING CONTRIBUTORS

    If you have a new type of summary and want to become an approved contributor, submit an application in r/CryptoRecruiting. In your application, ignore most of the questions pertaining to mod recruiting. Simply state what your background is, how much account age and karma you have, and what your news summary will be about. Providing a small preview for your summary will be helpful. If your application is not approved, you can do your news summaries as a separate post.

     

    Please be aware, this thread is experimental and a work in progress. Expect future changes.

    EDIT: Clarity

    submitted by /u/CryptoNewsUpdates
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    Ticketmaster watch out. NFT tickets are about to disrupt the ticketing industry. A comprehensive list of people who have advcated the benefits of NFT ticketing: From Mark Cuban to Vitalik

    Posted: 15 Jan 2022 02:31 AM PST

    Ticketmaster watch out. NFT tickets are about to disrupt the ticketing industry. A comprehensive list of people who have advcated the benefits of NFT ticketing: From Mark Cuban to Vitalik

    Benefits of NFT tickets include:

    ​

    • Preventing scams and fake tickets: The blockchain provides a single source of truth for both organisers and ticket holders. The transfer of NFTs from initial sale to any subsequent resale is recorded immutably on the blockchain, so all parties involved can easily verify the authenticity of the ticket. Even cooler, in cases where resale of tickets is strictly forbidden, NFTs can be programmed as non-transferrable, so they physically cannot be moved to another buyer.

    ​

    • Perpetual revenue: As programmable digital assets NFTs can have built-in rules for resales, merchandise, content and royalty splits. This means that the organiser can determine profit sharing percentages for any future resales or downstream creative content on secondary markets, and reliably receive these funds knowing they are unalterable within the NFT's coding.

    ​

    • New revenue opportunities: NFTs put tickets into the realm of programmable money, opening up unlimited potential for new revenue opportunities. For example resale of NFT tickets as collectables, using NFT tickets as a gateway for giving food and drink deals, even rewarding super fans who have collected a certain number of event tickets.

    Over the past year the NFT tickets have gained more attention in the crypto space. I have compiled extensive list of developers, investors, financial instintutions, ticketing companies and NBA owners that have advocated the benefits of NFT ticketing

    ​

    Mark Cuban – Entrepreneur, shark and owner of the Dallas Mavericks

    https://preview.redd.it/k2zoj07hvtb81.png?width=632&format=png&auto=webp&s=65a0e2c83821f1b3bff121891cf67aa030b1bcf2

    Gary Vaynerchuk - CEO of Vaynermedia, Creator of veefriends

    ​

    https://preview.redd.it/59781hd3ttb81.png?width=512&format=png&auto=webp&s=08406f2bc45d558d4216ff0c05e71f5678bd3b50

    Jack Groetzinger – CEO Seatgeek

    ​

    https://preview.redd.it/m9lkfhk8ttb81.png?width=359&format=png&auto=webp&s=e12323191a507d1f7ad0836fe9b9aba0b7e86353

    Ted Leonsis – owner of NBA's Wizards, the NHL's Capitals, the WNBA's Washington Mystics

    ​

    https://preview.redd.it/14k6idkjttb81.png?width=944&format=png&auto=webp&s=b04d6ab877077c18f85100b75d277cf4e6faab0e

    ​

    Barry Ritholtz – co-founder of Ritholtz wealth mangement – 2 billions usd under management

    ​

    https://preview.redd.it/74jxll3mutb81.png?width=455&format=png&auto=webp&s=fc4886553e652a7c5fb9a3755c822346f823df25

    Coinmarketcap

    ​

    https://preview.redd.it/fy7m0emsutb81.png?width=474&format=png&auto=webp&s=c2d550c78c90425602937f60d5dba9c42c62b4e0

    Bankless

    ​

    https://preview.redd.it/vnt6j50zutb81.png?width=368&format=png&auto=webp&s=d776fa5502b8b6d16f34ee232e1f7e23d19edec8

    Joe Rogan Experience

    ​

    https://preview.redd.it/kqll0w03vtb81.png?width=389&format=png&auto=webp&s=0667fe950610653de77b1a7169d978608675139b

    Grayscale - Worlds largest crypto asset manager

    ​

    https://preview.redd.it/w85b3prcvtb81.png?width=945&format=png&auto=webp&s=d1e2bf71ba91c0ea3b5c3bcd98fc01da82c40373

    Vitalik Buterin - co-founder Ethereum

    ​

    https://preview.redd.it/0lv82fosstb81.png?width=345&format=png&auto=webp&s=e7e2f03ab0d0edd960a1fbed027624b503dec373

    submitted by /u/Newmovement69
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    Tesla will NOT be accepting DOGE.... that's the reality and to pretend that being able to buy some toys or a belt buckle (835 DOGE) in the Tesla Store is the same thing as actual adoption is disingenuous at best. True adoption = being able to buy a Model S or a Cybertruck using DOGE.

    Posted: 14 Jan 2022 05:22 PM PST

    So as usual the DOGE moon boys are ecstatic that Messiah Elon posted one of his pointless tweets... to announce that Telsa would effectively NOT be accepting DOGE as payment for any Tesla vehicles.

    Here's what Tesla will be accepting DOGE for:

    Tesla Inc (TSLA.O) will accept meme-based cryptocurrency dogecoin as payment for its merchandise such as the "Giga Texas" belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk said in a tweet on Friday.

    In other words, you can buy a few Tesla toys and a belt buckle like this one (835 DOGE):

    https://shop.tesla.com/product/giga-texas-belt-buckle?sku=1758879-00-A

    DOGE had a predictable and modest 20% gain following the non news 'news', which probably enabled Elon to lighten his bags yet again.

    https://www.reuters.com/technology/tesla-merchandise-buyable-using-dogecoin-musk-says-tweet-2022-01-14/

    To see that this really is becoming a joke, the EXACT SAME news was reported on the EXACT SAME DAY last month (14th December): https://www.reuters.com/markets/us/musk-says-tesla-will-accept-dogecoin-merchandise-2021-12-14/

    submitted by /u/sandygws
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    Remember Nano, this sub's (former?) favorite coin? It left the top 200 for the first time since 2017 today

    Posted: 15 Jan 2022 03:48 AM PST

    Remember Nano? That coin that really shot up from, like, $0.15 in November 2017 to $33 two months later? It even was in the top 20 for a bit. Well, I suppose many people on here must have bought close to ATH back then, because they always REALLY wanted it to go there again and talked about their love for it a lot

    Unfortunately it never did. It was hit HARD by the bear market of 2018ff., even went below $0.4. While it did quite well in the bullrun of 2021, it was one of those coins that stayed way below their 2017-2018 ATHs, it got close to $15. Other than most other formerly huge coins that didn't reach a new ATH this bull run - stuff like XRP, BCH, EOS, NEO, DASH... - which don't get a lot of love on here, Nano stayed a sub favorite, I don't think any other coin outside the top 100 (except Moons) is mentioned this often.

    Speaking of the top 100: you can see how much this sub loves Nano, if you read this post from last July, when it left the top 100 - OP was at a "loss for words", how could a coin that was "perfect: Instant. Feeless. Green" not be much higher? Many people agreed, the post has over 5k upvotes. I would argue the post was a bit dramatic - Nano hat only re-entered the top 100 3 months earlier after spending a few weeks below that - but you see how much love there is for the coin.

    Today, it left the top 200 for the first time since its big explosion in late 2017, as I am writing this it's 202 on Coingecko, -91% since ATH, the downtrend has been pretty consistent the past few months.

    What do you think about Nano? Do you still believe in it, do you think it will break its ATH ever again? Do you think it's a dead coin that will just continue to go down? Other coins have been declared dead for less but hey, it's crypto, anything can happen

    submitted by /u/mic_droo
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    Watched ' The big short' yesterday and was shocked of what actually went down. I fully understand why cryptocurrency was created because the system messed up big time.

    Posted: 15 Jan 2022 02:29 AM PST

    If you've never seen the movie I definitely recommend it! This text might contain some spoilers.

    I've always heard of the movie 'the big short' but never watched it before. I was shocked at what went down and how totally ignorant people, banks, hedge funds etc were to giving loans or investing in loans without having any liquidity behind it.

    For me the most mind blowing fact is that only 1 guy went to jail, 1 GUY!. Like always the average Joe ended up paying for all the shit that banks started being so greedy.

    Although cryptocurrency is far from perfect it's a very different approach being (mostly) decentralised and trying to even the playing field for both the rich and the poor.

    Have you seen the movie? What do you think of the events that happened? Curious!

    submitted by /u/preciouscode96
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    If you hold Solana accountable for going down but pretend nothing happened with Harmony, you’re a desperate hypocrite.

    Posted: 14 Jan 2022 07:13 PM PST

    I don't hold any SOL or ONE and I don't plan to do it (at least not soon) but I know that the majority of this sub is scared of Solana, so scared that they're trying to spread FUD all the time, as if this sub actually has any influence on the market (you really think 5k upvotes will have literally any effect on the market?)

    If one posts "LUL Solana is so garbage Ethereum never went down" for when Solana went down, but then post "it's no big deal stuff happens" for when Harmony went down, that's just desperate hypocritical behavior. Either hold them both accountable for the same problem, or don't hold either accountable.

    It's easy to pass on circle-jerking and shilling random coins on this sub, but this one is just too sad and disgusting to look over imo.

    submitted by /u/Shishilian
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    Filmmaker Behind “Don’t Look Up” and “The Big Short”: My Cryptocurrency movie would be about Cat Turds

    Posted: 15 Jan 2022 12:52 AM PST

    In an interview, Kara Swisher asked Adam McKay: "What do you imagine a cryptocurrency-centered movie would look like?", and this was his answer:

    "It would be about a cryptocurrency that, rather than existing on the blockchain, exists exclusively in the form of Siamese cat turds. Governments would go on to create giant litter boxes in airplane hangars where thousands of cats create turds 24/7 that are then shipped to the national bank vault. Counterfeit turds are created by black-and-white tuxedo cats but can be detected by —

    I'm going to stop this answer right now and apologize to you. I'm a bit tired. Ha-ha."

    Hehe, I'm giving it a a week before CATTURD becomes a meme coin 😂

    Edit:Typos

    submitted by /u/aboustayyef
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    I can tell a lot of people have lost hope towards the crypto space, and that’s okay

    Posted: 14 Jan 2022 10:43 PM PST

    I've been locked inside for the past 18months and this community has helped me so much. It's not about moon farming, it's about engagement, learning, writing, and community.

    But I can tell people have lost hope, engagement is down, sentiment is negative, positive outlooks are low, and that's okay, I still believe in the projects I'm holding, the community here is still vast, and for that want to thank everyone here for being on my list of anti-depressant activities.

    As the fear and greed index fluctuates in times of uncertainty, I can always trust my fellow cryptonauts to support me through it all!

    submitted by /u/Jxntb733
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    Wikipedia Editors Have Voted Not to Classify NFTs as Art, Sparking Outrage in the Crypto Community

    Posted: 14 Jan 2022 02:25 PM PST

    The only and the ULTIMATE crypto dictionary that you will ever need

    Posted: 15 Jan 2022 01:11 AM PST

    About a month ago I compiled a long crypto dictionary for people who are either new, out of the loop or just lurking around. As we are witnessing a massive influx of new crypto investors and users here, I was asked by the Redditors to post the updated version after Christmas. After somehow catching COVID a few days ago, I have a lot of free time on my hands so I decided to update the dictionary with all the suggestions people added in the previous post and a lot of new content to help out the newbies and veterans alike.

    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? Lets go boys and girls, grab your cocoa and get cosy cause this is gonna be a long ride. (ps. please send some bandages for my fingers and carpal tunnel treatment braces for my poor wrists.)

    ​

    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.
    APY The annual percentage yield (APY) is a method of calculating the amount of money earned on a money market account over the course of a year. To put it another way, this is a technique to track how interest accumulates over time. (1). Reminder: High APY is usually high risk project.
    ASA Added by u/HoleyBody : ASA - Algorand Standard Asset. ASA is to ALGO as ERC-20 is to ETH
    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 Market Bear market is a declining market.
    Bull Market 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.
    Bubble Explained by u/PhilTheQuant : the state of a market going up only because people are seeking to join in with a market going up, not due to any permanent or underlying increase in value. Characterised by increased personal debt and an influx of investors with little or no market knowledge.
    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".
    Buy high, sell low Just a sad reality that we face with. Do not seek to buy high and sell low. Let it come to you.
    Centralised Exchange (CEX) Centralized exchanges or CEX are a type of crypto-exchange that is operated by a company that owns it in a centralized manner. Some of CEX include Binance, Coinbase, Kraken and others.
    CMTSWTMC Contributed by u/Half_Past_Five : Cry myself to sleep while the market crashes
    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.
    Crab Market When market is neither Bullish or Bearish and is only moving to the right (like a crab moves) without going either up or down too much, it's considered to be a crab market.
    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.
    DCA Requested by u/Striking_Marzipan_74 : Dollar Cost Averaging: This is a strategy where an investor invests a total sum of money in small increments over time instead of dumping the whole sum in at once. This way you the risk that volatility of markets present is somewhat smaller.
    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 Exchange (DEX) Exchange that allows their users to exchange the crypto without the intermediary and gain higher returns.
    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.
    Diamond Hands The pinnacle of evolution in crypto traders. The one who never sells, despite the FUD (see below for explanation). High chance of being very attractive and incredibly smart.
    Digital Gold Experts sometimes compare specific cryptocurrencies to real gold based on the way it can store and increase in value.
    Dump it / Damp it This is a meme phrase from Bogdanoff talking on the phone. Usually its after the investor buys his or her crypto and Bogdanoff dumping all of it, causing losses to investor. In 2022, both Bogdanoff brothers passed away due to Covid. Also see Pump it / Pamp it
    DYOR Do your own research. Usually that means looking at the logos and deciding which one looks cooler.
    ERC20 Ethereum network
    Faucet Faucet is a website that gives out small amounts of crypto to its users for free. (no that doesnt mean those scammers who offer 1ETH in exchange for 2). Faucets are popular way of getting crypto to cover gas fees of various cryptocurrencies. NANO is very popular with it's faucets and WeNano app.
    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".
    Gas Hands Explained by u/Charming-Dance-1839 : Inability to move ETH due to high gas fees.
    GWEI Gwei is denomination of ETH which the gas is paid in. 1 GWEI equals to 0.000000001 ETH.
    Green Dildos "Ahh I love to wake up in the field of green dildos" is not what your parents want to hear. You should quickly explain that it means that the market went green as the dildos represent the green candlestick graph.
    Genesis Block The first block of a crypto.
    Here's our little cryptocurrency investor It's what they call us at family dinners.
    HODL "HODL" that was started to get popular by a meme post in 2013. HODL does not mean "hold on for dear life". That was just a drunk guy misspelling the word HOLD. It means to HOLD the crypto and not sell.
    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.
    I don't know shit about fuck Requested by u/nebula21399 : A common expression when we see FUD and extreme fear everywhere yet the market goes up 10%.
    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?".
    Leverage Trading Requested by u/redamid :Mostly used in together with crying emojis and "I screwed up guys". Leverage is basically borrowing the money from the exchange in order to increase one's investments. You can see 3x-5x-10x options at your exchange. Thats leverage. My recommendation to newbies: Run the fuck away from it.
    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
    Moon Farmer Explanation by u/DonerTheBonerDonor ---'Someone who gets paid by posting the most boring comments as quickly as possible on r/CryptoCurrency. They can probably earn more moons by working a minimum wage job and then buying the moons, but they still prefer to spend their day on the toilet with their phones in their hands.'
    MCIBYCFC Mom can I borrow your card for crypto. I have never said line that before. IM A GROWN MAN DAMN IT!
    NFT Suggested by u/Bunker_Beans : Stands for Non-fungible token. Tech with many uses but yet most of the focus is now on jpegs that sometimes sell for millions or are just a way of money laundering.
    Nocoiner People who don't believe in cryptocurrency or dislike it.
    Not your keys, not your coin Suggested by u/yogajogging : This expressions refers to holding the crypto on a centralised exchange. This means that if you do not hold the private keys (seed) of your crypto, you do not truly own it and can lose it at any time. If CEX goes down, your crypto is gone.
    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.
    Paper Hands People who sell at the first sign of danger. They are considered to be weak and unattractive. The opposite of Paper hands is Diamond hands.
    Parachains Requested by u/CrayCJ :Parachains are custom, project-specific blockchains that are integrated within blockchain, as of time of writing DOT and KSM. Recently the term got popular with parachain crowdloans release on Polkadot.
    Public Key Your wallet's address, which is similar to your bank account number.
    Pump it / Pamp it Suggested by u/Dayl-San : This is a meme phrase from Bogdanoff talking on the phone. Usually its after the investor sells his or her crypto and Bogdanoff pumping it. In 2022, both Bogdanoff brothers passed away due to Covid. Also see Dump it/Damp it
    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!
    Sharding Oh cmon, we are all adults here. Sharding is a way of splitting the blockchains into partitions.
    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.
    Staking Proof of Stake based cryptocurrencies offer staking- aka locking up your coins for certain amount of time and earning rewards for holding them. Popular staking crypto is ATOM, ALGO, FTM, ADA, DOT and others
    Testnet The testnet is the testing "Sandbox" blockchain.
    Technical Analysis Suggested by u/Nickel62 : Using mathematical indicators that are based on history of market movements, TA analysts try to predict future trends.
    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.
    Usecase Suggested by u/FinoAllaFine97 : This term comes up a lot with less-that-hygienic coins. It refers to "what use does this coin have". How can you use it? Is it thin air or can you actually do something with it?
    VC Not to be mistaken with WC which is a different kind of facility. VC stands for Venture capital which is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. (1)
    Wallet Place to store crypto
    WAGMI Suggested by u/Gemini_George : We are all gonna make it! Popular phrase during the bear market when we try to keep our sanity.
    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"
    Whitepaper Term that got popular with crypto. This is a document that gives it's investors information regarding the project. Most popular whitepaper is that of Bitcoin, written by Satoshi himself. If you are interested, it's really an amazing read. You can read it here.
    Yield Farming Yield farming involves staking, or locking up, your cryptocurrency in exchange for interest or more crypto.

    ​

    I hope this helps you guys feel more at home here and to understand what we are all rambling about. If you enjoyed my post, please let me know. If you want me to add something, also let me know. If you hated it.. definitely let me know <3 If time allows me, I intend to keep this updated so any suggestions are more than welcome.

    ​

    So, welcome everyone to 2022. Hopefully we will be using a lot of "green dildos" this year and as little of "FUD" as possible! Love you all

    ​

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

    Sources (except the content that has source next to it)

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

    submitted by /u/DaddySkates
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    Crypto.com Coin (CRO) Decreases by 55% After All-Time High: Biggest Weekly Losers - BeInCrypto

    Posted: 14 Jan 2022 10:31 PM PST

    Who else is ignoring the FUD and feeling really bullish on crypto for 2022?

    Posted: 15 Jan 2022 05:56 AM PST

    Title covers it in a sentence, I've been in crypto for a few years and I'm hearing the same tired excuses this January that are repeated every time the market dips/corrects/crashes.

    "This time it's over"

    "The experts are saying that the stock markets are going to crash any day now"

    "BTC was funded by printed money is the only reason it pumped, it will never pump again"

    Blah, blah blah. Every time these lines of reason are rolled out and every time crypto pumps back up again. You wouldn't get this in the regular stock market, people don't see a recession and be all like "well that's it for stocks, it's been all pump for 100 years but it's over forever now"

    ​

    Well I've read it all before and I don't see anything to worry me. The markets already down almost 50% from ATH and has been stable for 9 days and counting meaning huge gains when we set a new ATH and despite the painting the FUD want's to share I see that ATH hitting in this year with no issue.

    submitted by /u/xavierwest888
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    Would you take a guaranteed $50,000 a year salary until death or $1,000,000 in the crypto currency of your choice right now.

    Posted: 14 Jan 2022 12:46 PM PST

    So let's say you saved this old man's life and he turned out to be rich but he also likes to play with people so as a gift he offers you a yearly salary of $50,000 until you die with the condition that you cannot invest any of it, or $1,000,000 in any crypto currency you want that cannot be withdrawn for a minimum of five years.

    $50,000 would have to be spent fully every year.

    $1,000,000 in crypto could not be moved for five years.

    Of you choose the one million in crypto, which one would you choose?

    submitted by /u/Odlavso
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    Tonga Will Follow El Salvador's Lead In Making Bitcoin Legal Tender

    Posted: 15 Jan 2022 02:09 AM PST

    "The Crypto Market is Manipulated": The Stock Market isnt? In already 2012 Andrew Left warned of Problems with Evergrande, and was Suspended from Trading Stock for 5-Years

    Posted: 15 Jan 2022 04:09 AM PST

    I hate to say it, but a lot of the newer Crypto investors aren't investing, but rather gambling.

    Posted: 14 Jan 2022 04:02 AM PST

    I hate to say it, but a lot of the newer Crypto investors aren't investing, but rather gambling.

    Most newbies think that Crypto is something that will make you rich overnight, and they end up investing in low market cap coins before they "moon". Of course a few of them might have the potential to give you great returns, but a lot of people completely end up ignoring the risk factor.

    CryptoMoonShots vs r/Cryptocurrency

    https://preview.redd.it/azvhoo2o3nb81.png?width=1099&format=png&auto=webp&s=d6668d709c5ff7f2f82bd1a4ef1ce276700af48d

    The CryptoMoonShots subreddit has even started to outpace the Cryptocurrency subreddit in terms of growth. It is a terrible thing to see considering the vast majority of the cryptocurrencies advertised there there are complete scam projects.

    Don't get me wrong. Some low market coins do have great utility and great future potential, but when you start going lower into the low millions or hundreds of thousands, the risk far outweighs their benefits.

    If you are new to Crypto, the best thing you can do in Crypto is DCA and accumulate larger projects for the long term. Crypto is not the stock market, and deviating away from trusted projects or trying to rely on technical analysis is very risky.

    TLDR: Unfortunately a lot of the newbies that are joining Crypto are completely ignoring even top 100 coins and are choosing to put their money in these shady "get rich quick" schemes which is nothing short of gambling.

    submitted by /u/Many_Scratch2269
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    Loopring - A Deep Dive

    Posted: 14 Jan 2022 11:02 AM PST

    Hey guys, Im Spragg, I do deep dives into various different coins/tokens on youtube (SpraggTalksMoney), I thought since I've already written the scripts for my video anyway I'd post the summary on here too.

    If anyone's interested in the full un-summarized version the link is here: https://youtu.be/j5cEdmAeICU

    Preface

    In the top 40 tokens ranked by market cap only 6 aren't on Ethereum, with those being on the Binance smart chain, but this makes sense, if you were opening a shop in real life, you'd want to do it where the people are, and not in the middle of the countryside. Ethereum, while long maintaining it's position as the largest smart contract chain does have its problems, those being gas fees and congestion.

    This means that while anything built on Ethereum gets the benefits of decentralisation and security, it inherits those problems too.

    DEXs are in my opinion though are some of the most important aspects to the free trade of crypto, allowing for swapping between any on chain, or wrapped asset, but if you wanted to perform a trade on uniswap now you'd be paying well over $150 in fees.

    And this is where loopring comes in, aiming to not only solve these existing problems and provide a completely new take on how DEX's should function.

    Foundation

    Like a lot of the current markets most promising protocols, Loopring, created by Daniel Wang an ex google software engineer, first appeared in the form of an ICO in the 2017 bull run raising 45 million. Unfortunately, Daniel and his team are based in Shanghai, and as we all know China loves to flip flop on their crypto regulation, coming out with new laws outlawing ICO's forcing the Loopring Foundation to refund most of the funds earnt. However, from the ICO there was 20k Ethereum not refunded, which at the time was worth around 7.5 million, and with this they forged on with the creation of the Loopring protocol.

    Unlike a lot of projects in the crypto space that start their marketing extremely early to try and hook investors sometimes before the product even has a working first version, Looping's focus was on creating the product and then letting it sell itself. Arguably had the market not become so crowded with people almost acting like salesmen trying to shove any half-baked crypto project down people's throats this strategy probably would've worked.

    This isn't to say that the company isn't starting to move towards providing a greater feature set such as Ethereum virtual machine compatibility but given how tight lipped they've been on the topic shows that they don't want this to dominate the narrative of what the platform actually currently does.

    Loopring Protocol

    Loopring aims to give anyone the tools to build their own DEX but without needing to go through any of the problems in actually starting a DEX, Loopring is to decentralised exchanges what the Tendermint SDK is to Proof of stake. Its certainly not the only way to do it, but it cuts out a large portion of the groundwork required.

    At the core of Loopring is a Zero Knowledge Proof rollup layer built on top of the Ethereum base chain, since not many people know what this actually is or entails, I thought Id briefly explain it.

    The Zero Knowledge proof is not unique to crypto, it in fact pre-dates it by over 25 years, and is a cryptographic protocol that allows a party to prove that a statement is true to a recipient party, what makes it significant though is that the recipient party doesn't need to be privy to any potentially secret information that goes into proving the statement.

    Think of it like a magic trick, if a magician said he could predict the suit and number of a card we will draw from a deck of cards, and then proceeds to do it and get it right, we can assume that it wasn't just sheer luck, and that he can in fact do what he says he can, but we as the second party have no idea how the trick was done.

    So when we apply this to crypto we get the ability to prove to the base chain that something happening on a side chain or layer 2 is verifiably true, which as we all know is extremely important in a trustless environment like a blockchain.

    So now we move onto the rollup part, on the base chain, in this case Ethereum, a transaction is a single monetary transfer from a to b, this means that to process 100 transfers, you need 100 transactions.

    A much more efficient way of doing this would be to process 100 transfers and put them all through at once under a single transaction. The problem with doing this however is the blockchain can only verify the transaction and not data within the event log of the transaction and so in this case it would assume the 100 transactions are all invalid and reject them unless it could be proven otherwise.

    So, to combine this all together, a zkRollup works by performing transactions off chain, and then submitting them back to the main chain as a single transaction with the proof required to confirm that what happened off chain still conforms to the base chain's rules, and that they're all valid transactions so that the base chain can process them accordingly as though it had done the work itself.

    This technology is what Loopring uses along with Relayers to allow anyone to create a DEX and keep gas fees low.

    At the core of everything is the loopring relayer. The relayer is in charge of virtually everything in the ecosystem, from generating the proofs, building blocks, matching orderbooks and more.

    The loopring protocol will work with any relayer, however there is currently a single canonical relayer being used which is run by the Loopring foundation, now I do have some concerns about this which I will, as usual, cover at the end, but all you need to know is that the Loopring protocol is entirely non-custodial.

    Token Supply and Distribution

    There's currently 1.2 billion LRC in circulation, which is 100 million less than the max supply of 1.3 billion which is due to the fact that a portion of the supply has been burnt.

    Any operation the loopring protocol will incur a fee, same as performing any action on the blockchain, in the case of Loopring this is just 0.3% of the transaction value, where 0.2% is returned to the liquidity providers as incentive and 0.1% goes to the loopring DAO.

    The use of the LRC value held by the Loopring DAO is voted on, with the options for its use being grants to incentivize partnerships, impermanent loss protection, liquidity incentives on top of the 0.2% fee, and then finally burning LRC.

    Concerns

    Firstly, despite the protocol being Relayer agnostic, that is to say that anyone can build a relayer and start to perform network actions, the only current Relayer operated by the Loopring foundation. This unfortunately does mean that there's a centralised aspect to the network as it currently stands.

    Now, hopefully I've done a good enough job of explaining why this isn't an immediate red flag for the platform, given that the entire point is to be non-custodial and have layers on layers of protocol specifics to ensure that control is always entirely in the user's hands, I just personally don't like the fact that the security of an investment into LRC would depend on the Loopring foundation upkeeping that relayer.

    And my second concern is to do with marketting.

    As it stands currently loopring has $450m locked within the contract, which for a project sitting at 2.1 billion market cap is lower than I would've expected. Take Curve for example, which is sitting only 100 million dollars higher in market cap but has over 20 billion dollars locked by it's contract on Ethereum alone.

    This on its own might not be cause for concern but the DEX created by the Loopring foundation was born out of being unable to secure partners to build their own DEX's and show off the platform. This to me shows that for the platform to survive, more of an emphasis needs to be placed on getting the protocol out into the wider DeFi audience and not just within the retail space where it currently seems to be sitting.

    submitted by /u/daconcerror
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    I don't care about Harmony One going down. What I care about is how the team responded to the incident. And they did very well.

    Posted: 15 Jan 2022 05:41 AM PST

    As everyone knows, Harmony One went down yesterday due to multiple block propagation issues. The network was unusuable for a few hours and, of course, the usual finger-pointing game started.

    For my part, I don't care that alternative L1s - or even L2s for that matter - have issue from time to time. We can't expect to be early and, at the same time, have a great UX and no downtime. Solana went down twice recently, Arbitrum had issues with their sequencer this week, Nano also had a spam attack last year...

    What I care about is this : transparency and accountability. And the Harmony One team showed both.

    While the incident was ongoing, every hour or so, their team posted updates on Twitter, clearly laying out what they were trying to do and what was happening. This proves that they are professionnals, serious people willing to work day & night for their product.

    I don't even own ONE, so I am not here to shill it. But it struck me this morning : it is good to see that the crypto industry is led by people of integrity and honesty, able to accept their mistakes. Many national governments should take notes!

    submitted by /u/busterrulezzz
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    Bitcoin developers are being sued. Reminder that the best way to win a lawsuit is to be anonymous and unsuable in the first place

    Posted: 15 Jan 2022 03:48 AM PST

    ‘Astonishing’—An Investment Giant Just Advised Countries And Central Banks To Buy Bitcoin While The Price Is Low

    Posted: 15 Jan 2022 04:34 AM PST

    Spain Wants to be a Crypto Hub with 100 Bitcoin ATMs to be Installed in 2022

    Posted: 15 Jan 2022 02:14 AM PST

    Good news for the market: USDC's supply on Ethereum surpasses that of rival USDT's for the first time

    Posted: 14 Jan 2022 09:48 AM PST

    Milkomeda makes it possible to run Ethereum Solidity Smart Contracts on Cardano

    Posted: 14 Jan 2022 11:33 PM PST

    Long term, what project do you believe will have the most real world application?

    Posted: 15 Jan 2022 06:13 AM PST

    Cardano was one of the first cryptos I was introduced to and the sub is full of information about what they are doing in Africa and stuff being developed on the blockchain etc. I'm sure everyone knows what I'm talking about. And I'm also sure a lot of other subs are the same. I think Ada is far from the only one, and I know a lot of people don't believe in it at all - but that's besides the point.
    What do you truly believe in, as a Project which will get a lot of real practical use in the world?

    submitted by /u/Riptoecurrentsee
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    Bitcoin 'Death Cross' - This happened in the past

    Posted: 15 Jan 2022 01:35 AM PST

    Bitcoin 'Death Cross' - This happened in the past

    What is it?

    What is such a death cross? Technical analysts call the crossing of the 50-day moving average (MA) by the 200-day MA a death cross. This means that the 200-MA is crossed by the 50-MA from above. The other way around, we speak of a golden cross.

    ​

    The death cross is an important indicator for many investors. In the past, the signal preceded several major bear markets in the traditional markets such as those in 1974 and 2008. On the bitcoin chart we also find several death crosses. There we see that a death cross does not immediately mean that everything collapses.

    ​

    Bitcoin Death Crosses

    For the first real death cross on the bitcoin chart of crypto exchange Coinbase, we have to go all the way back to 2018. After a bizarre bull market that lasted for several years, in which bitcoin increased in value by 2,000% in the last year, we see a death cross in March 2018. This death cross was formed after bitcoin had already fallen in value by 50%, which immediately shows that it is a so-called lagging (delayed) indicator. Often the signal follows only after the decline has already begun. What followed after the death cross in 2018 was indeed a long period of falling prices.

    We also see a death cross after the short bull market in 2019. This time the outbreak of the corona virus proved to be the salvation for bitcoin. After the massive corona crash in March 2020, the price turned right around and we got the legendary run that eventually lifted us to a price of $65,000.

    ​

    https://preview.redd.it/hm62vp14ntb81.png?width=1372&format=png&auto=webp&s=1fe3324687a6e53c9d0c6494d51f2137d2d51c66

    Death cross in 2021 was followed by rise

    Another proof that the signal does not have to be bad news right away is the death cross in 2021. Instead of a big drop, a new rise followed to the current all-time high of $69,000.

    ​

    Moral of the story: Traders should not just throw in the towel on the basis of a death cross. It only serves as one of the many indicators and signals with which to make an assessment.

    submitted by /u/RefugeeDutch_Syrian
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    r/CryptoCurrency Predictions Tournament

    Posted: 13 Jan 2022 08:37 PM PST
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