Cryptocurrency Daily Discussion - February 6, 2022 (GMT+0) |
- Daily Discussion - February 6, 2022 (GMT+0)
- Thailand drops 15% capital gains tax on cryptocurrency, says “Crypto is the future, so we must make Thailand a crypto-positive society to welcome this group of quality tourists.”
- Proof-of-Reserves audit shows Kraken holds $19B in BTC and ETH and proved every coin was on spot
- Vodafone, Visa, PayPal, MasterCard, Uber, Andreessen Horowitz etc. invested about one billion USD into Facebook's Libra project in 2020, the stablecoin project which is now almost dead and planned for sale. The investment amount would have increased 4x if they just have bought Bitcoin instead.
- I analyse the 18 coins in Coinbase Venture portfolio from Jan 2021 to today date. $100 invested in each of these 18 coins is worth $22,831 now. Also: NASDAQ is +11% and Gold is -7%.
- Diamond hands isnt just a meme, anyone who held on to their coins during the eoy 2021 crash was and will be rewarded in 2022
- This is how insanely secure the Bitcoin network really is
- Nigeria’s Bitcoin P2P trading surge by 16% since its central bank enforced crypto ban - Bitcoin can't be censored!
- Florida men revealed to be behind Bored Apes
- Seven US lawmakers bought or sold crypto in 2021 only one was a Democrat.
- Litecoin Integrates Mimblewimble Extension Blocks
- I hate how the concept of NFTs is now reduced to JPEGs. There are much more amazing applications for NFTs.
- People use Ethereum to Donate $20M in Less than 48h to Julian Assange to Fight a 175 Year Sentence for revealing War Crimes & Human Rights Abuses including Gunning Down of Civilians, Children and Reuters Journalists
- Anyone else running out of money to invest?
- Have you ever heard an intelligent, well-spoken person who clearly understands blockchain technology say it's all a scam or it's going nowhere or it's not the future?
- Algorand Could Be a Premier Altcoin This Year. It’s widening use-cases makes it one of the best altcoins.
- Another U.S. politician becomes a Cryptocurrency believer.
- Lets share our secrets on how we earn free cryptocurrency (legit) ill go first
- UNIFY Will Be The First Credit Union Allowing Members Own Bitcoin
- El Salvador rejects IMF request to remove Bitcoin's legal tender status
- Bitcoin Bullish Signal: Number Of Wallets With Non-Zero Balance Exceeds 40M
- Assange DAO Raises $7.8M in Ethereum to Buy NFT—And Free the WikiLeaks Founder - Decrypt
- Cosmos is not only a good blockchain that many are still sleeping on, but also a really great place for airdrops
- If all the exchanges are shady and can’t be trusted, how do I crypto?
- Overtaxed and underpaid: no wonder young investors love crypto
- Polkadot Allocates 993,286 DOT to Boost its Ecosystem and Web3 Development
| Daily Discussion - February 6, 2022 (GMT+0) Posted: 05 Feb 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.
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| Posted: 06 Feb 2022 12:36 AM PST
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| Proof-of-Reserves audit shows Kraken holds $19B in BTC and ETH and proved every coin was on spot Posted: 05 Feb 2022 02:39 PM PST
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| Posted: 06 Feb 2022 04:38 AM PST
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| Posted: 05 Feb 2022 06:19 PM PST
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| Posted: 06 Feb 2022 04:16 AM PST People tend to forget and lose sight very fast. Many say diamond hands slightly, but yet they lose hope fast and panic sell. This was just a month and few days ago when the end of year 2021 crash happend and many people already panic sold their coins. If they had hold onto it, most of them has been recovered. It is just a matter of time when their investment doesn't just recover, but will turn into big profit. We invest in crypto, keyword : Invest. If you are in cryptoverse, just for the gamble by buying shitcoins, you can go to the casino instead...this isnt called investing. But if you invest, you had did DYOR and diversify your portfolio. Time will tell, the true diamond hands will be the ones taking the best profit. In the stock market for example buying ETFs, you need at least to invest in a timeframe of 15 years to get some halfway decent gains. In crypto everything is so accelerated, people lose sight in just 1 month. [link] [comments] | ||
| This is how insanely secure the Bitcoin network really is Posted: 05 Feb 2022 01:43 PM PST Bitcoin is the most secure network in existence. The way the network is built is pure genius and the bigger it gets, the more secure it becomes. In 2011, Dan Kaminsky, a leading Internet-security researcher, investigated the currency and was sure he would find major weaknesses. Kaminsky is famous among hackers for discovering, in 2008, a fundamental flaw in the Internet which would have allowed a skilled coder to take over any Web site or even to shut down the Internet. Kaminsky alerted the Department of Homeland Security and executives at Microsoft and Cisco to the problem and worked with them to patch it. He is one of the most adept practitioners of "penetration testing," the art of compromising the security of computer systems at the behest of owners who want to know their vulnerabilities. Guess what he said when he tried to break Bitcoin? "When I first looked at the code, I was sure I was going to be able to break it. The way the whole thing was formatted was insane. Only the most paranoid, painstaking coder in the world could avoid making mistakes." He thought he had identified nine ways to compromise the system and scoured Nakamoto's code for an insertion point for his first attack. But when he found the right spot, there was a message waiting for him. "Attack Removed," it said. The same thing happened over and over, infuriating Kaminsky. "I came up with beautiful bugs. But every time I went after the code there was a line that addressed the problem." He was like a burglar who was certain that he could break into a bank by digging a tunnel, drilling through a wall, or climbing down a vent, and on each attempt he discovered a freshly poured cement barrier with a sign telling him to go home. "I've never seen anything like it," Kaminsky said, still in awe. "Either there's a team of people who worked on this or this guy is a genius." TLDR: Buy Bitcoin [link] [comments] | ||
| Posted: 05 Feb 2022 11:40 PM PST
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| Florida men revealed to be behind Bored Apes Posted: 05 Feb 2022 11:19 PM PST
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| Seven US lawmakers bought or sold crypto in 2021 only one was a Democrat. Posted: 05 Feb 2022 10:00 PM PST
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| Litecoin Integrates Mimblewimble Extension Blocks Posted: 06 Feb 2022 02:07 AM PST
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| Posted: 05 Feb 2022 06:25 AM PST NFT technology is one of the best and most interesting technologies that came out of blockchain. Its kinda frustrating seeing how people instantly think of JPEGs once you mention NFTs. NFTs can be used in MANY ways. Tickets, product listing, identity verification and much more. And yes I understand that some of these expensive jpegs like Bored Ape come with services and exclusivity but I think they're super inflated in price. Some projects like Last Hopium offer literally the same exclusivity in contacts and experiences for much more comprehendible prices. People should really start focusing more on the applications that NFT technology can be used in instead of paying attention to overinflated jpegs. [link] [comments] | ||
| Posted: 06 Feb 2022 05:10 AM PST | ||
| Anyone else running out of money to invest? Posted: 06 Feb 2022 12:52 AM PST Been in crypto for about a year now. Seen the ups and downs. I have invested the little i can afford as a student and a small investor. I bought my way in March and when BTC dipped to 28k, now just small amounts, maybe every month or so. Is anyone else running out of money to invest in at this point, because there has not been so much potential to sell. I just stake and wait, wish I had the capital to buy this dip. How do you manage investing in long term with minimal income? What is your strategy? I'm looking to buy some more maybe in the summer when I can get little bit extra through internships. Anyways wanted to get it off my chest that I feel pressure that I can't afford to buy anymore, wish I had waited for better opportunities but I'm still learning though. [link] [comments] | ||
| Posted: 05 Feb 2022 04:57 AM PST Exactly. 90% of the criticism you read about blockchain, web3, etc is written by people who literally do not know what it is or how it works. Obviously, if you do not know how something works, you can't see potential in it in terms of what it can do. If you think the limits of NFTs are jpegs of monkeys or in-game upgrades and Bitcoin is just internet money which takes a lot of energy to move around, you do not understand why there is all the hype around them. It would of course look like a ponzi scheme to you. Low intelligence, and the lack of understanding of the world around you and the way it works lends itself to conspiratorial thinking. This is found in study after study. If things around you are confusing and you don't understand them, but it seems like at least some people understand them, of course you would think they are in cahoots. It's easier to say they must be in cahoots than to acknowledge your own intellectual failings. You are the dementia patient who won't admit or lacks the awareness to know that they are just forgetting where they put things, so you instead accuse everybody around you of stealing. In the same way, lack of understanding about blockchain leads you to believe it's all a conspiracy, ponzi scheme, FOMO/hype nonsense, etc. Are there some conspiracies in the world? Of course. But is your average watcher of "Ancient aliens" or subscriber to the conspiracy subreddit the smartest duck in the room? No. The world is too complicated, and they seek a simple solution which makes them seem like they understand everything, they don't want to be somebody who is confused all the time, they just want the world to make sense, and conspiracy gives them a simple explanation that does, even if it seems fantastical to others. It's a very understandable human response to having too much information, and we all do it from time to time. All the intelligent, well-spoken people I know who -- understand blockchain tech --have no problem thinking creatively about many, many use cases for it. People who are much smarter than me, who can explain what a zk-rollup is and why it matters. They may say that a lot of the NFT stuff is hype, or guardedly say that crypto can't solve everything, or that web3 has some kinks to work out, because of course it does, it is a new technology. Intelligent people are not afraid of nuance and complexity because they can keep track of it all. They don't jump to the conclusion that it's all or nothing, or that because they don't understand it, it must not have value. They aren't afraid to admit when they are wrong, or that their understanding may change in the future, they understand the world is not binary and that some things are complex enough that they lack the knowledge to fully understand them. Crypto is the future. Tech geniuses see it. Major financial institutions see it. Your friend who thinks crypto is a scam doesn't. And that's ok, they don't have to. They would have said the same thing about the internet, and they'll be using it in 20 years whether they're excited about it or not. But if you really want to challenge them, ask questions. Ask them "why?" and you will quickly find they have no fucking idea what they are even talking about. So don't waste your time debating them. PS If you are interested in learning more about how cryptocurrency works and can help the development of science please check out http://np.reddit.com/r/cryptoforscience [link] [comments] | ||
| Posted: 05 Feb 2022 03:45 PM PST
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| Another U.S. politician becomes a Cryptocurrency believer. Posted: 06 Feb 2022 03:30 AM PST
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| Lets share our secrets on how we earn free cryptocurrency (legit) ill go first Posted: 06 Feb 2022 12:43 AM PST ill share the crabby patty secret formula and tell you all how i made more than 2 grand doing random shit that anyone can do. 1) faucets: i used coinpot in 2019 and made like 5-10$ not much i know, then i used freebitcoin where i made roughly 600$ but lost it all in the dice (rigged dont roast me) i used faucethub aswell now called Express crypto i think, i made like 30$ ish, it had a nice community and i learned alot about crypto there. 2) brave + presearch combo: i have like 12 Bat. Across all devices and around 82 pre, i use this totally passively i dont even notice iam using the pre search engine anymore, hopefully one day ill withdraw these 3) twitter tipping bots: this is extremely unknown in the cryptoverse, basically twitter users will pay you to retweet their posts: i used cctip and coinkit_ and made 300-500$ forgot exactly how much but it worked, now its kinda slow, note that i used 8 twitter accounts to maximize profit 4) Coinmarketcap learn and earn / airdrops: i was fortunate enough to win some fat airdrops like the 250 sanbox one that i didn't hodl and sold for 60$ but in total maybe around 150$, i also won some of the airdrops that where worth 5-6$ each 5) wenano: this simple game isnt big in my country but still was able to make some few nanos here and there 6) cryptoroyal: i entered this game early and made some nice money, around 120-150$ + i still have some roy (they are making new games so i have hopes for them) 7) mir4: this mmorpg is where i was the luckiest, i entered on day1 and was dedicated af, i made 1400$ + making more accounts to sell hopefully each for 400$ 8) and ye moons ofc we cant forget that. Thats all the ways i earned cryptocurrencies with. If you know something i dont share with us! [link] [comments] | ||
| UNIFY Will Be The First Credit Union Allowing Members Own Bitcoin Posted: 06 Feb 2022 01:27 AM PST
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| El Salvador rejects IMF request to remove Bitcoin's legal tender status Posted: 06 Feb 2022 03:29 AM PST
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| Bitcoin Bullish Signal: Number Of Wallets With Non-Zero Balance Exceeds 40M Posted: 06 Feb 2022 03:45 AM PST
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| Assange DAO Raises $7.8M in Ethereum to Buy NFT—And Free the WikiLeaks Founder - Decrypt Posted: 06 Feb 2022 04:05 AM PST
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| Posted: 05 Feb 2022 02:23 PM PST I won't go as far as saying that Cosmos (ATOM) is one of the most underappreciated blockchains, because it has a fair share of followers. However not many people are aware how many ongoing airdrops there are on Cosmos. Apart from Ethereum, I don't think any other blockchain has so many airdrops still going on. As of time of writing, there are 12 ongoing airdrops that have been confirmed by the projects on Cosmos and many more that are still unconfirmed but will likely happen in near future. Shade, JunoSwap, OmniFlix and others are only some of them. Many of the past airdrops like Juno, Osmo, Akash, CRO were absolutely amazing. If the staking awards of Cosmos didn't convince you to get aboard the Atom train, then maybe these airdrops chances will. There is a lot of followers of CRO here but yet they sleep on Cosmos. These two go hand in hand [link] [comments] | ||
| If all the exchanges are shady and can’t be trusted, how do I crypto? Posted: 06 Feb 2022 05:09 AM PST Relatively new to crypto here. Lately I've seen a lot of FUD around basically all the exchanges, don't even bother to go into the Coinbase subreddit every post is "I was hacked" "I was scammed" and so on My question is: if I shouldn't trust exchanges, and only use a wallet (keys and crypto and not yours and all) how do I purchase/convert/sell/etc? Being new to this I only use the exchange because 1. I don't have a huge bag I'm playing with 2. Gas fees for the wallets are crazy atm So how do I do anything outside of hodl with just a wallet and no exchange? Thanks. [link] [comments] | ||
| Overtaxed and underpaid: no wonder young investors love crypto Posted: 06 Feb 2022 04:03 AM PST
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| Polkadot Allocates 993,286 DOT to Boost its Ecosystem and Web3 Development Posted: 06 Feb 2022 04:54 AM PST
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