• Breaking News

    Saturday, January 29, 2022

    Home Unlabelled Cryptocurrency New Moons Are Ready! (Round 22)

    Cryptocurrency New Moons Are Ready! (Round 22)

    January 29, 2022

    Cryptocurrency New Moons Are Ready! (Round 22)

    New Moons Are Ready! (Round 22)

    Posted: 26 Jan 2022 02:04 PM PST

    UPDATE: A bug in the smart contracts for Community Points distribution was found that we have fixed. Every month, 50% of Moons burned are meant to be reintroduced in the following distribution, but because of a bug in the contract this has not been happening as expected.

    We have deployed an update to the smart contracts to fix the distributions going forward (it won't apply to this current round but will apply to future rounds after this one).

    For those interested, here are the details from the team for what happened:

    In the buggy Distributions Contract on lines 1705 - 1708, we are adding the Points totalSupply from the previous round to the number of Points claimed in the previous round. If that total is less than the current Points totalSupply, then that means points were burned (less points exist now than were minted). However, this code has a bug where it does not account for the Points issued to the SharedOwners.

    This is fixed in the updated Distributions Contract lines 1701 & 1747 by keeping track of the Points issued to the SharedOwners in the previous round, and including them in the count of total Points issued for the previous round. This fix requires 1 distribution round to start working, so burned points will start being reintroduced in the Round 23 distribution.

    ***

    This distribution of Moons has been finalized, and Moons are being delivered to users with a registered Vault. Users who do not have a Vault yet will get their Moons when they create one through the Reddit app.

    This distribution is based on karma earned from 2021-12-22 to 2022-01-18. Here is the finalized list, with contribution scores signed by Reddit.

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

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

    Daily Discussion - January 29, 2022 (GMT+0)

    Posted: 28 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
    [link] [comments]

    Why Crypto culture is so cringe?

    Posted: 29 Jan 2022 01:20 AM PST

    I just don't understand how this kind of lame aesthetic/taste became popular in crypto community. Something like profile pic with blue glowing eyes? Abbreviation like WAGMI? Emojis like 🚀🚀🚀 and space floods with degenerated/ugly JPG NFTs. I have no question why people from outside see crypto community as a joke and hate it a lot. Because this crypto culture just demonstrates/represents how superficial and greedy the community is. It's so sad that this has became an image of the community from the eyes of outsiders.

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

    People who say “don’t keep your coins on exchanges” are like old people who lived through the Great Depression not trusting banks

    Posted: 28 Jan 2022 05:14 PM PST

    In the early days of crypto, it made perfect sense not to trust exchanges. Most exchanges were run by weebs out of their parents basements. Mt. Goxx wiped out a whole generation of potential crypto millionaires. There were no adults in the room.

    These days, there are reputable exchanges available. Coinbase isn't going to exit scam when they're publicly traded on the NASDAQ. You might get into trouble if you're trading with 1000X leverage on Bitmex or buying AssCoin on Cryptopia2, but you can assess your own level of risk.

    We're at the point where you hear way more stories about people getting robbed holding their own keys than you do losing their coins on exchanges. How much of this is user error? Probably most of it, but most people aren't experts. Telling crypto beginners to get their coins off of exchanges ASAP is a great way to get them to lose it all and swear of crypto forever.

    I know crypto folks like to gatekeep and clown on people losing their coins in stupid ways, but if the dream is mass adoption, it's not going to happen if it's inaccessible to normies and hazardous to use. Reputable exchanges are the best case scenario for 90% of the population owning crypto.

    In 2021, there's nothing wrong with keeping your coins on an exchange if it's a reputable one. I get the whole freedom angle, but freedom comes with risks that most people aren't ready for.

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

    Crypto is teaching a lot of young people how to invest and manage their money.

    Posted: 29 Jan 2022 02:40 AM PST

    A lot of people discovered the world of personal finance through Crypto. This may be a big generational change. In the US a lot of people were already invested in the stock market and in their 401K. But in a lot of European countries people are not invested in the world of Finance (for example in France the retirement is nationalized so people have less incentive to make their own portfolios)

    ​

    One of the underestimated aspect of crypto is the education provided to people about financial products, markets, and many other aspects of money management. DeFi and Crypto are often described as the democratization of Finance and it may very well be true.

    ​

    This change will radially modify how people think about money !

    submitted by /u/Nostalg33k
    [link] [comments]

    OH SHIT!!! One of the governor candidates for Texas said he would do the same thing Arizona is proposing here if he wins, making Bitcoin legal tender in Texas that is. This stuff is going to become our legal currency the same way alcohol and weed prohibition ended, State by State

    Posted: 28 Jan 2022 03:32 PM PST

    3 years ago, A former CIA covert intelligence officer did an AMA, on being asked what is the biggest national threat to United States,The answer was Blockchain technology!

    Posted: 28 Jan 2022 06:41 PM PST

    The way govt and it's institutions going against Crypto, Blockchain perfectly makes sense, because it's a biggest threat right now not just to Banks, but to the ruling govts.

    3 years ago, A former CIA covert intelligence officer did an AMA on reddit, on being asked what is the biggest national threat to United States, North Korea or some other country?

    The answer was Blockchain technology superpowrful,No joke. First one to bring it down or manipulate it wins hands down Here is the link : https://np.reddit.com/r/IAmA/comments/a8c03j/i_am_andrew_bustamante_a_former_covert_cia/ec9leqg?utm_medium=android_app&utm_source=share&context=3

    Don't be surprised when you see govt going against Crypto and Blockchain technology because it threatens their monopoly and the power they are holding. Expect more attacks on Crypto and Blockchain technology in coming days.

    submitted by /u/Acceptable_Novel8200
    [link] [comments]

    Data Shows Young Crypto Addresses Sold 36% of Their Holdings at a Loss in the Last Month

    Posted: 28 Jan 2022 04:00 PM PST

    Don’t let your Bitcoin sit idle in a wallet, farm it instead in BSC for high yields

    Posted: 29 Jan 2022 04:45 AM PST

    Don't let your Bitcoin sit idle in a wallet, farm it instead in BSC for high yields

    I get it, everyone here hates BSC because it's "centralized," and to that I counter it's no more centralized than Polygon (got hacked twice and tried to sweep it under the rug only to be brought down later on by a flower picking game), AVAX (Non-deterministic bug & VC controlled), Arbitrum(Sequencer suspended for hours), Solana (keeps crashing and owned by notorious mop-headed PnD-er), Terra(You can't just mint USD out of thin air, only JPOW is allowed to do that)

    There's no guarantee any of the above chain will still be around in 3 years, but I'm 110% sure BTC, ETH and BSC/Binance will. Btw Binance CEO is #11 on the world rich list right now.

    https://edition.cnn.com/2022/01/11/business/binance-changpeng-zhao-net-worth-intl-hnk/index.html

    With such a visible international profile not the type of guy that could just rugpull everyone and disappear.

    Now Let's take a look at BTCB-BUSD Pancakeswap LP stats, 19% APR. I know, just meh right ? especially compared to Time and OHM 80,000% APY ? Uhm ok, but there's a good chance that BTCB-BUSD won't free fall 99% like what those two ponzi's did and it will likely put you in actual profit come year's end.

    if you hold it for one year, you'll get the following profit profile vs. holding single assets

    https://preview.redd.it/lh0itmasgme81.jpg?width=873&format=pjpg&auto=webp&s=78be25233c43fed4ffe491a13247d3b336c38ecb

    https://docs.google.com/spreadsheets/d/1EaTGzeCi8cVVL5pybn7ZoykMTT-EJSKZBwKBrFyqwGk/edit?usp=sharing

    Nice huh? BTC can go down a further 30% to ~26k USD and you'd still make money while the "impermanent loss" would only kick in if BTC goes up 150% or to about 100K USD in price. Sure, if you think BTC will hit 200k by July, this play is not for you, but what if you're wrong? Wouldn't it make sense to hedge your bet a bit?

    Some "veteran" liquidity providers may counter that LP fees decline in a bear market since no one will actively trade the asset. Uh-huh, for Uniswap, yes, for Pancakeswap, no, since the LP fees are just a small component of the total APR in which the farming rewards in CAKE tokens consist of a big chunk of.

    BTC-BUSD LP stats LP Fees: 7% LP rewards: 12%

    B-but reward tokens are very inflationary, you say? Well CAKE did drop substantially during January's dip but not as much as all the other farming reward tokens like SUSHI(-70%) for example.

    Check the latest CAKE supply chart here.

    https://preview.redd.it/gqfy7x1vfme81.png?width=1680&format=png&auto=webp&s=f5aa8e2d8898792e3be6c218cf46eddbfae1d911

    https://np.reddit.com/r/pancakeswap/comments/s0mmv6/cake_supply_monitor_0007_20220110/

    Yep, it's approaching deflationary tokenomics

    Many wonder how this came to be, conspiracies abound, but a straightforward way to look at it is this

    Coinbase quarterly report

    https://preview.redd.it/fkkk4ehzfme81.jpg?width=874&format=pjpg&auto=webp&s=4b8381bd2c7bf1ef23c35ded451e7d28e7324949

    They made 400M USD in net profit the last Q, now compare that to Binance that does 4X Coinbase daily volume,

    https://coinmarketcap.com/rankings/exchanges/

    assuming a conservative 2X of net profit that would still give the Big yellow B 800M USD of dry powder each Q, I'm guessing some of it are spent propping up CAKE prices.

    TL;DR: BTCB-BUSD LP is the no-brainer position to have right now.

    And don't forget to boost your APYs, best put those LPs into a yield optimizer's vault; I'm not gonna say the name of my yield optimizer as I believe most of you already know it by now but am gonna give some hints;

    1. The feeling you get when you look at green candles
    2. Dangerous African animal responsible for killing hundreds annually that may appear obese and docile but can actually run up to 30 mph
    3. Full stop
    4. 85% of Iowa

    If you're able to figure out the above then you're smart enough to make money farming USD quoted LP pairs in BSC.

    https://happyhippo.farm/

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

    Finally bought a hardware wallet, goodbye coinbase

    Posted: 28 Jan 2022 07:13 AM PST

    Finally bought a hardware wallet, goodbye coinbase

    Hey everyone,

    I want to share a milestone of my jurney in the world of crypto curriencies.

    After having the issues of freezed funds etc. I am finally my own bank.

    I moved all my funds from exchanges into my harware wallet to keep them safe!

    It was very simple & easy to set-up the wallet, it also has a perfect interface to follow-up your assets. I recommend everybody to buy their own wallets for their own safety!

    I wish you all a great weekend fellow crypto enthusiasts!

    What else do you suggest me as a next milestone? Mining, staking? Waiting for your comments! 😀

    https://preview.redd.it/zctjdyq43ge81.jpg?width=3000&format=pjpg&auto=webp&s=3c44fe33f8b879eb10bff0249b170ec6480a0168

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

    Demand for SHIB on Google declines by over 90% in the last 3 months

    Posted: 29 Jan 2022 02:31 AM PST

    Moons are useless (change my mind)

    Posted: 29 Jan 2022 04:27 AM PST

    Probably a lot of people will be offended looking after the great admiration here. But honestly, moons are useless and what is the point that people would want to buy them?

    They are mainly used for farming now because of shitposting on reddit and that's why the same topics are brought up all the time and it's hard to find any constructive criticism because everyone is getting into each other's ass.

    They can't be sold easily, if at all. I heard about celesti.trade but there is no liquidity there at all.

    I see at every step that people praise how much money can not be made from it. Does anyone actually make money on it and monetize moons or is it just empty talk.

    submitted by /u/TemporaryCitron9271
    [link] [comments]

    Bidens executive order, America competes and a history lesson about AmericaExecutive Order 6102

    Posted: 28 Jan 2022 01:51 PM PST

    Bidens executive order, America competes and a history lesson about AmericaExecutive Order 6102

    ​

    https://preview.redd.it/j5u1b5bohie81.png?width=327&format=png&auto=webp&s=0cbffccbd13ce1cb9710a7bc75e52e691630fe5a

    I see a lot of folks talking about Biden's Executive or next month, America Competes Act and the CBDC's being provisioned.

    ​

    If crypto wasn't seen as an issue it wouldn't need an executive order.

    TLDR

    The US has a network of Federal Reserves that when in other countries is called World Banks and the IMF. They are losing control of the money supply, they are getting ready to fight back.

    The Government is whack and President Blunder is about to use an executive order to come after crypto. History tells us that this can be pretty extreme if we reference what Roosevelt did with Executive order 6102; to confiscate gold.

    With out question this is being sold as a matter of national security

    https://en.wikipedia.org/wiki/Executive_Order_6102

    ​

    Remember Biden was the architect of all moderday civil forfeiture laws. Where the police take your stuff with out trial. Infac they put your items on trial to defend themselves.

    In 2018 alone, the Treasury Department's Forfeiture Fund saw nearly $1.4 billion in deposits.

    ​

    What department? The Treasury Department.

    Who does the America Competes Bill give Unilateral power to? ... The Treasury Department.

    Biden advocated for increased use of civil asset forfeiture by law enforcement agencies. * taking a citizens property with out warrant or trial*******

    ​

    ****To be clear I am not saying they are coming to confiscate crypto, I am saying they are coming to regulate the shit out of it. IT compete with banks, it competes with wall street, it competes with the federal reserve, it competes with the IMF***

    The closest knowledgeable resource he has is Gary Gensler who is crusading again crypto

    He supports Yellen who is pro surveillance and anti crypto,

    ​

    End TLDR_____________________________

    Why Am I concerned about Biden. I dont like his track record

    Biden also sponsored two bills, the Comprehensive Counter-Terrorism Act (SB 266) and the Violent Crime Control Act (SB 618), both of which \**contained language seen as effectively banning encryption.**** crypto encryption MEH .......no biggie right!*

    ​

    R3ad on!

    President Biden's infrastructure legislation is now law, complete with anti-crypto provisions originally intended to offset some of the law's $1.2 trillion cost.

    Under the existing language, if you initiate a funds transfer for $10,000 in stablecoins to prepare for a house down payment, you would have to report reams of information you don't have about the crypto exchange that sent you your funds -- which makes no sense. And if you couldn't provide those details within 15 days........

    you would have committed a felony.........

    More on civil forfeiture!

    The Comprehensive Forfeiture Act was introduced by Senator Joe Biden in 1983 and it was signed into law the next year. With this law, federal agents had nearly unlimited powers to seize assets from private citizens. Now the government only needed to find a way to let local and state police join the party.

    This came with the 1984 Comprehensive Crime Control Act. In addition to a slew of new powers for prosecutors, the burden of proof for asset seizure was lowered once again (agents had to only believe that what they were seizing was equal in value to money believed to have been purchased from drug sales). More significantly, the bill started the "equitable sharing" program that allowed local and state law enforcement to retain up to 80 percent of the assets seized.

    ​

    pro banking

    During the 2000s, Biden sponsored bankruptcy legislation, which was sought by MBNA, one of Delaware's largest companies and Biden's largest contributor in the late 1990s,[50] and other credit card issuers.[153] He fought for certain amendments to the bill that would indirectly protect homeowners and forbid felons from using bankruptcy to discharge fines.

    He is allocating more resources to going after crypto than going after Wall Street or inside traders in congress and the federal reserve.

    ​

    Pro Police state

    In 1986, Biden sponsored and co-wrote the Anti-Drug Abuse Act which caused a large disparity between the sentencing of crack cocaine and powder cocaine users. Black drug users were more likely than whites to use crack and hence were incarcerated in larger numbers.

    Biden earned a reputation for being a "drug warrior", leading efforts in the war on drugs

    His history for the past 70 years is war hawkish beefing drug laws and cutting social saftey net programs. He also has an pro segregationist back ground and openly tried to stop buusing in his home state.

    Biden opposed the legalization of marijuana

    Biden helped author the 1994 Violent Crime Control and Law Enforcement Act, which deployed and trained more police officers, increased prison sentences, and built more prisons.

    SO what with the treasury do in an economic collapse when crypto flourishes?

    Hmmmm We shall see

    Here is how screwed up the use economy is (each with definitions and explanations for those who want to learn):

    Let's be very clear the American and world economy is on the brink of complete collapse.

    The synthetic CDO's of 2008 were never fixed, they gave banks money

    https://www.youtube.com/watch?v=EEXTqtH-Oo4

    The student loan crisis cant be fixed because of an investment tool like the above called SLABS

    https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp

    Covid is causing massive supply chain issues so sales and manufacturing cant recover * if we can sell stuff and there are shortages the price will rise and wages will drop.**

    https://www.supplychainbrain.com/articles/34435-global-supply-chains-near-make-or-break-point-for-easing-in-2022

    Inflation is recking the world economy

    Covid is going to endemic status but may evolve to get worse.

    Wall street is using the Federal Reserve as a piggy bank and the fed is using the Plunge Team to stop the financial collapse. Repos and reverse repos are at a record high as hedge funds are over-leveraged and in the extreme Red.

    https://www.youtube.com/watch?v=I9UIumKX7Mw

    What is the plunge team

    https://www.investopedia.com/terms/p/plunge-protection-team.asp

    ​

    _______________________

    Empires don't invade other countries to control people they do it to control economies and resources

    ​

    This includes pillaging their own:

    Its imperative to remember that the USA gave US citizens 1200 bucks and small businesses a fractured 2-time ppp system that was highly flawed but bailed out major corporations and banks at 120 billion per month.

    ​

    Most relevant (Previous executive orders)

    Executive Order 6102

    ......is an executive order) signed on April 5, 1933, by US President Franklin D. Roosevelt "forbidding the hoarding) of gold coin, gold bullion, and gold certificates within the continental United States." The executive order was made under the authority of the Trading with the Enemy Act of 1917, as amended by the Emergency Banking Act in March 1933.

    The limitation on gold ownership in the United States was repealed after President Gerald Ford signed a bill legalizing private ownership of gold coins, bars, and certificates by an Act of Congress, codified in Pub.L.) 93–373,[1] which went into effect December 31, 1974.

    Executive Order 6102 required all persons to deliver on or before May 1, 1933, all but a small amount of gold coin, gold bullion, and gold certificates owned by them to the Federal Reserve in exchange for $20.67 (equivalent to $413 in 2020)[5] per troy ounce. Under the Trading with the Enemy Act of 1917, as amended by the recently passed Emergency Banking Act of March 9, 1933, a violation of the order was punishable by fine up to $10,000 (equivalent to $200,000 in 2020),[5] up to ten years in prison, or both.

    https://en.wikipedia.org/wiki/Executive_Order_6102#:~:text=Executive%20Order%206102%20required%20all,in%202020)%20per%20troy%20ounce.

    ​

    ​

    ​

    ​

    Executive Order 9066 This post-Pearl Harbor order, now infamous, gave the military the ability to mark out areas from which it would be possible to exclude "any and all persons." The upshot of this move was that more than 100,000 Japanese-Americans and Japanese immigrants were sent to internment camps.

    Executive Order 10340 This order directed the Secretary of Commerce to "take possession of" American steel plants. The order put to rest a threatened strike . Steelworkers striking was a "threat" to national security.

    https://www.trumanlibrary.gov/education/presidential-inquiries/steel-strike-1952

    ​

    Executive Order 13228 established the department of homeland security and turned America into a terrorist-fearing hell scape and took tax dollars and gave them to military contractors in mass.

    ​

    _______________________________

    China, Russia, Iran, and North Korea are all being used as threats to roll out this new executive order to preserve the economy.

    ​

    https://preview.redd.it/08fjzg7q1ie81.png?width=1876&format=png&auto=webp&s=9df4d77607141baf5b1de22b150d08c16c243fe5

    ​

    ​

    https://rules.house.gov/sites/democrats.rules.house.gov/files/BILLS-117HR4521RH-RCP117-31.pdf

    https://preview.redd.it/jbrcihmx1ie81.png?width=2048&format=png&auto=webp&s=475ff52e8c978278411626a76dee2b57e0725d96

    ​

    I will leave on this final note. There are 2 ways to enforce policy in the USA; Legislation and litigation. If you don't have laws for a situation (legislation) you go to litigate ( go to court) and get a precedent using older or other laws.

    The SEC is currently losing badly against Ripple in court. ( They wont get a precedent) So they are turning to legislation (create new enforceable laws). Ripple is designer really to send VERY LARGE transactions instantly across the planet.

    ​

    This directly competes with the CBDC and the Fednow Instant payment system coming out.

    https://www.federalreserve.gov/paymentsystems/fednow_about.htm

    This is an instant payment service for countries and large businesses (banks, hedge funds, etc)

    https://www.federalreserve.gov/paymentsystems/fednow_about.htm

    The IMF and Federal Reserve is looking to replace the ACH and payment systems

    ​

    Crypto and block chain systems make RTGS and ACH old outdated tech

    https://www.imf.org/external/pubs/ft/fandd/2021/03/global-cyber-threat-to-financial-systems-maurer.htm

    (RTGS) are funds transfer systems where the transfer of money or securities takes place from one bank to another on a "real-time" and on "gross" basis. Settlement in "real time" means that payment transaction does not require any waiting period. The transactions are settled as soon as they are processed. "Gross settlement" means the transaction is settled on one to one basis without bunching or netting with any other transaction

    Comparatively, ACHs are typically used for low-value, non-urgent transactions while RTGS systems are typically used for high-value, urgent transactions

    https://en.wikipedia.org/wiki/Payment_system

    ​

    Think of all those poor clearing houses and companies getting a % cut that will be wiped out.

    _________

    Get ready for craziness and cheap crypto.

    I am buying up all privacy coins Monero, Dash etc as an investment

    Learn how to use a VPN, Linux is your friend ( Microsoft snitches), and encryption doesn't hurt.

    _____

    Edit:

    TO all those upset about politics, when politics comes after my crypto.... I get upset

    ​

    To those attacking my character:

    I am not a right wing conspiracy theorist. I do not want to be doomed to repeat history.

    You using an Ad Hominem attack, this is a misdirection and doesn't talk about the subject matter

    Ad Hominem

    (Attacking the person): This fallacy occurs when, instead of addressing someone's argument or position, you irrelevantly attack the person or some aspect of the person who is making the argument. The fallacious attack can also be direct to membership in a group or institution.

    ​

    To those saying the Biden Camp may support crypto. Just like he kept his promise to forgive student loans until the issue of SLABS as an investment vehicle came up, he sided with Wall Street and the banks.

    https://www.investopedia.com/articles/investing/081815/student-loan-assetbacked-securities-safe-or-subprime.asp#:~:text=1%20Student%20loan%20asset%2Dbacked,much%20like%20an%20ordinary%20bond.

    Perhaps he wont side with investors and banks again.

    ​

    I say you may be right. Its almost possible they would spend 3 months preparing an emergency executive order to regulate a multi trillion dollar industry they adamantly support.

    ​

    The federal reserve and IMF will just sit back and lose control of the money system and allow the world populace decentralize payment protocols and do nothing. They may just relinquish complete control with out a fight and forgo tariffs and sanctions as a punitive system in Geo politics.

    Read here

    https://blogs.imf.org/2021/10/01/crypto-boom-poses-new-challenges-to-financial-stability/

    https://blogs.imf.org/2021/12/09/global-crypto-regulation-should-be-comprehensive-consistent-and-coordinated/

    https://home.treasury.gov/news/press-releases/sm924

    It seems like they are going to do nothing and will just let control of the worlds system.

    ​

    This is Geo politics and its bigger than John Doe not paying taxes. Its about Russia and North Korea buying weapons, and sanctions not working.

    https://finance.yahoo.com/news/cryptocurrency-helping-russia-avoid-us-180004372.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAAOG3o6Ehfh8aNODPcaCg_9ezbZy9rTPL-ZOj59AP0qm9G_nZuybk0OgPRjUb-oFl9YI4Cmk-C_wDnrxP1pnoUgTQjLJysD0yOSydENcmxMctLzXBbPgDmVuOoJh7jmnwZvrGywgFWqEZwM_jtkWgAsS54sgCKA46loV3bIpHar2

    Its about the US Dollar not being a reserve currency and the Petro dollar breaking down.

    ​

    The US dollar used to be pegged to gold ( Nixon Changed that) and all other world currency was pegged to the US Dollar. This was established in the Brenton Woods Agreement and System of 1944 https://www.investopedia.com/terms/b/brettonwoodsagreement.asp

    EDIT Final update

    There is a little hopium here in the at FTX.us donated $5m to Biden's election campaign

    https://www.opensecrets.org/2020-presidential-race/joe-biden/contributors?id=N00001669

    but more than $74m came from Wallstreet tycoons. These guys wouldnt want blockchain tracking stock assets, naked shorting is dead that way

    ​

    Edit: ***I am getting flammed for attacking Biden, and a lot of people are saying "lets wait and see what happens with the executive order.

    Cool Story, but FUD or not this is a valid conversation time and topic.

    ​

    ​

    ​

    ​

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

    Belgian MP to Receive Entire Salary in Bitcoin — Says Crypto Adoption Will Be ‘Exponential’

    Posted: 28 Jan 2022 10:29 PM PST

    281 Days ago Elon Musk claimed Bitcoin would solve Climate-Change, 261 Days ago he claimed Bitcoin would cause Climate-Change, 310 Days ago he claimed to never Sell Bitcoin, 277 Days ago he Sold $300M

    Posted: 28 Jan 2022 04:58 AM PST

    $1k invested into the Top Ten Cryptos in January 2021 - ONE YEAR REPORT (UP +292%)

    Posted: 29 Jan 2022 05:37 AM PST

    $1k invested into the Top Ten Cryptos in January 2021 - ONE YEAR REPORT (UP +292%)

    ​

    EXPERIMENT - Tracking Top 10 Cryptos Of 2021 - ONE YEAR REPORT – UP 292%

    Full blog post with all the tables here.

    January 1st, 2021, I bought $100 of following and turned it into a homemade crypto index fund: Bitcoin, Ethereum, Tether, XRP, Litecoin, Polkadot, Bitcoin Cash, Cardano, Binance Coin, and Chainlink. Below is the eleventh monthly update on the progress of the 2021 Experiment.

    tl;dr:

    • What's this all about? Back in January 2018, I made a homemade crypto Index Fund, purchasing $100 of each of the Top 10. Crypto winter started immediately after, but I haven't sold or traded and have been reporting monthly ever since. I repeated the Experiment 2019, 2020, 2021, and again in 2022 because I'm a glutton for punishment and to show different entry points.
    • Learn more about the history and rules of the Experiments (including why in the world I would include Tether) here.
    • 2021 Winner - BNB (+1239%) easily, returning nearly double second place ADA (+639%)
    • 2021 Top Ten portfolio (+292%) vs. 2021 Overall Crypto Market (+185%) vs. 2021 S&P (+27%)
    • 2018+2019+2020+2021 Combined Top Ten Portfolios are returning 406%.

    Some exciting new changes for 2022!

    1. This is the last month I'll be releasing four reports, transitioning to two monthly reports.
    2. Incorporated Decentralized Finance (DeFi) for the first time.
    3. Factoring in stablecoin gains: In the past, I have not included ROI that is possible with stables in the monthly reports. This year, I will detail ways to build on the $100 of USDC in the 2022 portfolio and gamify it a bit: my goal is to outperform as many as the other cryptos in the 2022 Top Ten Portfolio as possible (simple if it turns out to be a bear year, a bit more challenging if the 2022 market moons).
    4. Giveaways: I'll be giving away crypto during the year, either through Twitter, Reddit, or my email list. I'm still figuring out the details, but aim to give away around $100 a month in crypto.
    5. Friendly competition (or Battle Royale?): I will compare my homemade 2022 Top Ten Crypto Index Fund Experiment to a Total Crypto Market Cap Index Token ($TCAP r/TotalCryptoMarketCap) to see which one outperforms.

    Month Twelve/ONE YEAR REPORT – UP 292%

    https://preview.redd.it/ae8s52rkpme81.png?width=940&format=png&auto=webp&s=72c4ce39b8a549a21b4279e34ebc52bcd58b87a8

    The 2021 Top Ten Crypto Index Fund consists of: BTC, ETH, USDT, XRP, Litecoin, DOT, BCH, ADA, BNB, and LINK.

    December highlights for the 2021 Top Ten Portfolio:

    • Every crypto in the 2021 in the red
    • BNB continues to maintain a strong overall lead
    • After one year, 2021 Top Ten Portfolio is up +292%

    December Ranking and Dropout Report

    https://preview.redd.it/4ejclttlpme81.png?width=406&format=png&auto=webp&s=9349277f5e40cf081b2bae6e7af17c29b24ed621

    Top Ten dropouts since January 2021: one year into the 2021 Top Ten Experiment, three cryptos have dropped out: Chainlink, Litecoin, and Bitcoin Cash. They have been replaced by SOL, Luna, and USDC.

    December Winners and Losers

    December Winners – None, unless you count USDT

    December Losers – Litecoin completed a rare clean sweep this month: it was the worst performer in each of the four Experiments, down -30% in December. DOT (-27%) was the second worst performer this month.

    Tally of Monthly Winners and Losers

    One year into the Experiment, here's where we stand in terms of the 2021 Top Ten Portfolio's monthly winners and losers: =

    https://preview.redd.it/vrzcbjynpme81.jpg?width=411&format=pjpg&auto=webp&s=19926c085b216b6ea8c4e42b97b7c29f1df65c27

    ADA, BNB, and USDT are in a three way tie for most monthly victories. ADA has the most monthly losses.

    One Year Update – BNB easily outperforms, all cryptos in green, Litecoin turns in the worst performance

    After a year of back and forth between BNB and ADA, Binance Coin has left Cardano and the rest of the cryptos in this portfolio well behind.

    The $100 investment into first place BNB one year ago is now worth $1,343.

    Besides Tether, Litecoin turned in the worst performance of the 2021 Top Ten Portfolio, up +16% in 2021.

    Total Market Cap for the Entire Cryptocurrency Sector:

    https://preview.redd.it/14coh6dppme81.png?width=582&format=png&auto=webp&s=34d99d9caa26f60542c12b693ac8c135d7d78a20

    As a sector, crypto is up +185% in the year lifespan of the 2021 Top Ten Experiment.

    You may notice that the 2021 Top Ten Portfolio has produced better returns than the overall crypto market cap (+292% vs. +185%) so far in 2021.

    This is a bit of an outlier and the gap is closing: the rest of the Top Ten Experiments are well behind over their respective time frames. Here are the latest figures:

    Buying the Top Ten at equal weight in Jan 2018: Up +34% vs. +285% for the total crypto market cap.

    Starting in Jan 2019? +504% for the Top Ten vs. +1,638% for the total market cap.

    Starting in Jan 2020? +795% for the Top Ten vs. +1,066% for the total Market Cap.

    Although the 2021 Top Ten approach has held up quite well compared to the overall market so far, I expect to see it fall behind eventually, like the other experiments.

    Crypto Market Cap Low Point in the 2021 Top Ten Crypto Index Experiment: $775B in January 2021.

    Crypto Market Cap High Point in the 2021 Top Ten Crypto Index Experiment: $2.6T in October.

    Bitcoin Dominance:

    https://preview.redd.it/z52d9ayqpme81.png?width=522&format=png&auto=webp&s=04408fb7b8f59ab8dc9e643ebe1b1f02ecb0f9da

    BitDom fell in December, ending the month at 40.2%. This is a new low for the 2021 Experiment.

    BitDom Low Point in the 2021 Top Ten Crypto Index Experiment: 40.2% this month.

    BitDom High Point in the 2021 Top Ten Crypto Index Experiment: 70.4% in January 2021.

    Overall return on $1,000 investment since January 1st, 2021:

    https://preview.redd.it/o5kg2l4spme81.png?width=337&format=png&auto=webp&s=61044a6addc3f518c0a625ce1ecb32b5dd0e6930

    The 2021 Portfolio dropped $945 in December. Overall, the 2021 Top Ten Portfolio is up +292%. The initial $1000 investment one year ago, on New Year's Day 2021, is worth $3,921.

    Here's the month by month ROI of the 2021 Top Ten Experiment, to give you a sense of perspective as we go along:

    https://preview.redd.it/pu2vwe0tpme81.png?width=219&format=png&auto=webp&s=344da96a8e10f8ac6cfb3721abc9c5d65903b284

    The 2021 Top Ten Portfolio has had the best start, by far, of any of the four Top Ten Crypto Experiments.

    Combining the 2018, 2019, 2020, and 2021 Top Ten Crypto Portfolios

    As most readers are aware, this is the fourth year of an Experiment I started back in January of 2018, at the height of the last crypto bull run. Where do we stand if we combine four years of the Top Ten Crypto Index Fund Experiments?

    So overall? Taking the four portfolios together, here's the bottom bottom bottom bottom line:

    After a $4,000 investment in the 2018, 2019, 2020, and 2021 Top Ten Cryptocurrencies, the combined portfolios are worth $20,257 ($1,341 + $6,044 + $8,951 + $3,921).

    That's up +406% on the combined portfolios, down from last month's all time high for the Top Ten Index Fund Experiments.

    Here's a table to help visualize the progress of the combined portfolios:

    📷

    In summary: That's a +406% gain by investing $1k on whichever cryptos happened to be in the Top Ten on January 1st (including stablecoins) for four straight years.

    Comparison to S&P 500

    I'm also tracking the S&P 500 as part of my experiment to have a comparison point to traditional markets

    https://preview.redd.it/qp1mqi4zpme81.png?width=538&format=png&auto=webp&s=a299382d6cf43b4586da79c4443c103e898e8318

    The S&P 500 Index is up 27% in 2021. The initial $1k investment I put into crypto one year ago would be worth $1,270 had it been redirected to the S&P 500.

    The 2021 Top Ten Crypto Portfolio is up +292% over the same time period – the initial $1k investment in crypto one year ago is now worth $3,921.

    That's a difference of $2,651 on a $1k investment in one year.

    What about in the longer term? What if I invested in the S&P 500 the same way I did during the first four years of the Top Top Crypto Index Fund Experiments? What I like to call the world's slowest dollar cost averaging method? Here are the figures:

    • $1000 investment in S&P 500 on January 1st, 2018 = $1,780 today
    • $1000 investment in S&P 500 on January 1st, 2019 = $1,900 today
    • $1000 investment in S&P 500 on January 1st, 2020 = $1,480 today
    • $1000 investment in S&P 500 on January 1st, 2021 = $1,270 today

    Taken together, here's the bottom bottom bottom bottom line for a similar approach with the S&P:

    After four $1,000 investments into an S&P 500 index fund in January 2018, 2019, 2020, and 2021, my portfolio would be worth $6,430 ($1,780 + $1,900 + $1,480 + $1,270).

    That is up +61% since January 2018 compared to a +406% gain of the combined Top Ten Crypto Experiment Portfolios.

    To help provide perspective, here's fancy new chart showing the combined four year ROI for the Crypto Top Ten Experiment vs. the S&P up to this point

    https://preview.redd.it/31ttv391qme81.png?width=575&format=png&auto=webp&s=d45b693b4b19ec72addaeb526f80e00052caf776

    Conclusion:

    To the long time followers of the Top Ten Experiments, thank you so much for sticking around so long. For those just getting into crypto, I hope these reports will help prepare you for the highs and lows that await on your crypto adventures. Buckle up, go with the flow, think long term, don't invest what you can't afford to lose, and most importantly, try to enjoy the ride!

    Feel free to reach out with any questions and stay tuned for progress reports. Keep an eye out for my parallel projects tracking the Top Ten cryptos as of January 1st, 2018 (the OG Experiment), January 1st, 2019, January 1st, 2020, and most recently, January 1st, 2022.

    submitted by /u/Joe-M-4
    [link] [comments]

    So apparently Btc is aiming at 40k again.

    Posted: 29 Jan 2022 12:12 AM PST

    Even though we know this market to be like the weather, it's still sometimes interesting to see it consistently crab then do a quick 5%+ over the week, where else but here? I have probably only checked coingecko twice this whole week and the second time I see a bit of that sticky icky icky.

    Yes this is not a recovery, market was falling down the stairs this whole month so I'm not being premature yet. And yes I know the dreaded death cross which I still dunno what that is but apparently it's bad. Sometimes however days like these are perspective builders.

    Once you're locked into a plan and you're working and actively pouring into that plan, the gains will happen. In over 10 years this market has gone from millions to trillions in value. And yeah sure we can argue about where it begins and stops, but let's celebrate the little things too.

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

    In 2021, the SEC went after crypto. In 2022, crypto is coming for the SEC. Ripple has started to rack up procedural court victories as it fends off the SEC in a case that could redefine how the agency polices digital assets

    Posted: 29 Jan 2022 04:50 AM PST

    Google searches for crypto addiction spiked over 400% in 2021

    Posted: 28 Jan 2022 07:18 PM PST

    Visa says crypto-linked card usage hit $2.5 billion in its first quarter

    Posted: 28 Jan 2022 11:15 AM PST

    Reflecting on Facebook's Hilarious, Well-Deserved Crypto Failure - This headline is amazing

    Posted: 29 Jan 2022 04:53 AM PST

    Robinhood Reports 2021 Net Loss of $3.69B While Crypto Activity Falters

    Posted: 28 Jan 2022 02:47 PM PST

    Updates on going Bankless

    Posted: 29 Jan 2022 02:31 AM PST

    A few months back I began the process of putting my business and employment pay into a Bankless system. First problem - trying to explain to your workplace to pay you in either PayPal transfers or cryptocurrency. Neither went down well. Second one, finding a PayPal equivalent that charges less fees to use for my online business. I'm halfway through the Bitpay setup but need to have our website finished first to finish that application.

    As somebody with a modest amount in investments and savings, I have found this process to be alot more difficult than originally thought. I think if you had more capital it wouldn't be as much of an issue.

    The problem is that most of the more reputable companies that facilitate financial trades require your account being linked with a bank for verification. I've teased the idea of using brand new Blockchain based companies, however I don't feel in the position to be able to risk all of my money being not insured.

    Some people will say using PayPal, Crypto.com and Bitpay is just the same as using a Bank, but it is definitely morally better in my opinion. Also, once security and insurance is a definite, I'll find a nice decentralised system to move over to.

    The point of this update was threefold.

    1. To tell people who want to do similar things that there are ALOT of boring hurdles to jump over, and it will probably cost you more in fees. But it feels better inside and to me is worth it. (I fucking despise my old Bank).

    2. I'm on the way to work on a Saturday and for SOME reason thought about this Sub.

    3. Cakeday Moons.

    Good luck anyone who's starting a small business, working, and investing. We're in it together

    submitted by /u/PlatypusValuable338
    [link] [comments]

    Ethereum Bullish Signal: Number Of Holders With 1 ETH Touches New ATH

    Posted: 28 Jan 2022 04:30 PM PST

    Arizona has introduced a bill to adopt Bitcoin as legal tender

    Posted: 28 Jan 2022 10:53 AM PST

    Blockchain and Cryptocurrency Is 'Here to Stay and Impossible to Regulate at Large' — CEO of a United Arab Emirates Based Bank

    Posted: 29 Jan 2022 04:36 AM PST

    Algorand (ALGO): Recent Developments, Future Events, Community

    Posted: 29 Jan 2022 04:49 AM PST
    Read more
    at

    No comments:

    Post a Comment