Cryptocurrency Tune in to the we r/CC podcast, Tomorrow 6pm ET / 11 pm UTC. LIVE every Sunday on Reddit Talk and Discord! |
- Tune in to the we r/CC podcast, Tomorrow 6pm ET / 11 pm UTC. LIVE every Sunday on Reddit Talk and Discord!
- Daily Discussion - February 12, 2022 (GMT+0)
- I originally bought crypto as a hedge to the market, but now all crypto does is follow the market
- Uber CEO: We are absolutely going to accept cryptocurrency payments
- Satoshi Nakamoto disappearing was the biggest masterstroke ever done and the thing that actually made crypto what it is today.
- On this day 13 years ago, Satoshi posted this message, “The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust.”
- Being critical of something does not mean you're against that thing. It means you want it to be better.
- To anyone complaining about Bitcoin. Its price is almost the same as last year, isnt that what “store of value” technically is?
- An unknown buyer used $4.3 million in cryptocurrency to buy a billion-year-old space diamond from Sotheby's
- This is how the ex-Safemoon COO lives after a rambunctious 5 months of a copy-pasted BSC token.
- Why is Chainlink so undervalued?
- Why is Litecoin so undervalued?
- Algorand to Scale Ethereum with Groundbreaking Protocol
- I just don’t understand why they didn’t use monero coins!
- Russia will finally treat Bitcoin as a currency
- The Reason why the Crypto Market tanks along with other markets.
- Intel has announced its plans to fully embrace blockchain technology and finally enter the bitcoin mining space with brand new chips that will be available later this year
- New Introduced Bill Would Exempt Bitcoin From Missouri Taxes
- BlockFi to Pay $100 Million In Settlement with SEC
- Netflix green-lights series on heist couple that stole $4.5 billion in the 2016 Bitfinex hack
- US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules
- What Is the Purpose of the Loopring Project?
- Update to my post about my Coinbase deposit going missing for 6 weeks - fully resolved! Thank you all!
- Preview of the Lebron James x Crypto.com Super Bowl Commercial
- Uber won’t buy bitcoin with its cash but would consider accepting it as payment, CEO says
| Posted: 11 Feb 2022 09:29 PM PST | ||
| Daily Discussion - February 12, 2022 (GMT+0) Posted: 11 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.
Rules:
Useful Links:
[link] [comments] | ||
| I originally bought crypto as a hedge to the market, but now all crypto does is follow the market Posted: 11 Feb 2022 12:28 PM PST I bought BTC & ETH years ago and have held ever since. Only time I add is during 20%+ corrections, and I have never sold. When I originally bought cypto, it was as a hedge to the stock market. And it worked that way until recently. I'm not sure what happened in the last ~2 years but now Crypto just follows the market. If the market is down cyrpto is down. If it's up, crypto is up. My assumption is cyrpto just got way too big the last few years and it just follows the bigger market. I thought crypto was suppose to replace a lot of commodities? Turns out it's just another temperature gauge of the market? Clearly not a hedge. At this point, why not just buy SPY instead? [link] [comments] | ||
| Uber CEO: We are absolutely going to accept cryptocurrency payments Posted: 11 Feb 2022 04:12 PM PST
| ||
| Posted: 11 Feb 2022 09:53 AM PST 13 Years ago today Satoshi said that trust is the main problem with central banks. The centralized system needs you to trust all party's included. And athst very hard to do nowadays. That probably also was the reason why Satoshi Nakamoto disappeared. Crypto is about being anonymous, it's about having a decentralized system where you don't have to trust anyone (obviously that does even today not happen everywhere in crypto). If Satoshi would have still been here and available to everyone. He would be seen as the big CEO of Crypto by some people that do not have real knowledge about crypto. And that would have been another argument for them to call it a "scam". Him not being here makes crypto what it was always meant to be: decentralized. No one is up there, we just don't know who made it. It's anonymous. Satoshi Nakamoto played the game and he set off the fire that is still burning, brighter than ever. [link] [comments] | ||
| Posted: 11 Feb 2022 07:07 AM PST | ||
| Posted: 11 Feb 2022 05:34 PM PST By that logic, Vitalik is the most anti-Ethereum developer that exist. You post the shortcomings of a project or the negatives that have come from crypto culture and you will be berated as being 'Anti-crypto'. It's like pointing out the human rights violations of a country's government and being labeled as a 'Racist'. No, I want things to improve, I want them to be better than they were last week. It doesn't make much sense, people praise an update for a project but a month prior would act like you kicked their dog if you critiqued that same issue. [link] [comments] | ||
| Posted: 11 Feb 2022 02:58 PM PST I thought Bitcoin's main utility is being a decentralized currency and a store of value. So why are people so pissed about it being at the same price range it was last year? If you're so concerned with making quick profits then maybe you shouldn't be investing in Bitcoin but more into startups. Bitcoin is a long term investment. Meanwhile startups have much more potential for quick profits. Given, they're much riskier investments but I think a launchpad with insurance backing like SolanaPrime or similar ones should mitigate that risk. Bottom line is, don't complain about Bitcoin crab walking. That's literally what "store of value" is… [link] [comments] | ||
| Posted: 11 Feb 2022 09:40 PM PST
| ||
| This is how the ex-Safemoon COO lives after a rambunctious 5 months of a copy-pasted BSC token. Posted: 11 Feb 2022 10:18 AM PST Estimates are in that this is a $12,000 jacket, a $30,000 rolex and he's flying in a private jet. Further proof that money doesn't buy style... Want some backstory? You ain't alone - Jack joined Safemoon in April as their Chief Operations Officer and was often seen alongside the CEO, spinning a vast web of bullshit while the devotedTM threw in tens of thousands of dollars while Safemoon's market valuation performed a triple-salchow off the 10m diving board straight down to the gutter of the all-time-lows where it's currently been wallowing like a sickly pig. As to what Jack actually did, well that's more difficult. I'd like to think he was there to produce an air of legitimacy to the project but even that's a bit of a stretch, considering his previous employment had him working as a... checks notes... oh yes, a part-time DJ, no-name Twitch Streamer and he ran the twitter account of Ben Philips, some influencer dude. But what's the real story here?I think if people make money off Crypto, that's fair play. Less so when it's by stringing along Investors by promising them wealth while delivering products you know are broken (Safemoon wallet released under his watch!) But that all goes out the window when these people repeatedly claimed they didn't own any Safemoon. So when someone who worked as a part-time DJ suddenly comes into dramatic wealth, it does raise some red-flags, especially when they have gone on record over multiple AMA's saying none of the devs are the whale wallets cashing out millions of dollars at a time... And this behaviour came directly after handing in his notice for "toxicity" reasons (perhaps the investors he strung along for 5 months were getting a bit rowdy?) Toxicity is a weird way to say "Dumping the bags we claimed we never owned", but, whatever. Just another shitcoin story. [link] [comments] | ||
| Why is Chainlink so undervalued? Posted: 11 Feb 2022 10:49 AM PST Chainlink is the "standard" of Oracles; facilitating the transfer of tamper-proof data to almost all DeFi. Without Chainlink, most of the current projects wouldn't allow to securely connect to off-chain data. It's already a used and needed solution and not your typical "project full of undelivered promises that sound cool". The team is very professional, one of the most active in development and a lot of resources are being hired. I just don't get how after several years, it doesn't remain in the top 20 market cap. I understand that sometimes price is driven by hype and not fundamentals, but it still doesn't feel right that it doesn't get enough recognition. [link] [comments] | ||
| Why is Litecoin so undervalued? Posted: 11 Feb 2022 02:13 PM PST You may have heard recently that Litecoin has just become a privacy coin with it's mweb upgrade. Furthermore Litecoin is like that annoying sports all rounder on your team that can do a bit of everything. Smart contracts, nfts, store of value, brand recognition, has lasted 10 years survived multiple bear markets and to top it all off 100 percent uptime with low transaction fees. Not only that it is accepted everywhere bitcoin is accepted and has a growing not decreasing userbase. I don't get why litecoin is so undervalued it is clearly a fundamentally solid coin that has stood the test of time. Logically price should catch fundamentals but I can't understand why it's a top 20 coin? [link] [comments] | ||
| Algorand to Scale Ethereum with Groundbreaking Protocol Posted: 11 Feb 2022 05:55 AM PST
| ||
| I just don’t understand why they didn’t use monero coins! Posted: 11 Feb 2022 11:37 PM PST The US Department of Justice seized $3.6B worth of stolen bitcoins from Ilya Lichtenstein and Heather Morgan this week. The couple went to great lengths trying to hide their stolen digital fortune, but the IRS was able to trace their digital money laundering efforts and seize the money. The next time bitcoin bros insist that one of the great qualities of bitcoin is that the government can't touch it, the US government is sending a crystal clear message that it can seize anyone's bitcoins no matter how hard they try to hide them. The big mistake here was to forget changing btc into car to be totally anonymous. What do you think? [link] [comments] | ||
| Russia will finally treat Bitcoin as a currency Posted: 11 Feb 2022 06:47 PM PST
| ||
| The Reason why the Crypto Market tanks along with other markets. Posted: 11 Feb 2022 10:38 PM PST Since the crypto markets are considered a hedge against other markets, people are confused when they go down at the same time as everything else. Like in March of 2020, when everyone got more personal space than they knew what to do with. Downturns or crash in the market causes something called a Liquidity crisis This means that if one asset crashes, the rest of them do too , due to the fact many people, borrow so much money to invest on margin. When the market tanks, they get a margin call, and have to pay back their debt faster or go bankrupt. They then sell whatever assets they hold in another market to pay back their debt, making the value of those assets go down, which makes other people invested in those assets get margin calls and have to do the same thing. So a ripple effect happens between them So when one market tanks often many other markets follow. Crypto markets are a hedge against the regular markets because of it's the technological advances in different use cases but the same humans invest in both. [link] [comments] | ||
| Posted: 11 Feb 2022 07:17 PM PST
| ||
| New Introduced Bill Would Exempt Bitcoin From Missouri Taxes Posted: 11 Feb 2022 10:56 AM PST
| ||
| BlockFi to Pay $100 Million In Settlement with SEC Posted: 11 Feb 2022 06:48 PM PST
| ||
| Netflix green-lights series on heist couple that stole $4.5 billion in the 2016 Bitfinex hack Posted: 11 Feb 2022 11:48 PM PST
| ||
| US Treasury Suggests Miners Won’t Be Subject to IRS Reporting Rules Posted: 11 Feb 2022 04:36 PM PST
| ||
| What Is the Purpose of the Loopring Project? Posted: 11 Feb 2022 04:58 AM PST
| ||
| Posted: 11 Feb 2022 05:54 AM PST So the other day I posted about a deposit of Eth that I sent to my coinbase account that did not show up in my portfolio. I was left in limbo for weeks. The post really blew up which I wasn't expecting. The support I got from the community here was amazing and it definitely helped me get a resolution as coinbase were very quick to act after I tagged their reddit account in the comments. Within an hour of me tagging them, the correct amount of Eth was moved into my portfolio, I got an email from a customer service rep giving me some actual information about what went wrong (no in depth details but they said it was a bug on their side) and they gave me info on how to make a complaint. I did this because even though my deposit had been credited at last, the coins had lost value during the 6 weeks they were in limbo, and I was pretty disappointed with how they had handled the problem. I filed the complaint immediately and today I got a credit to my account in BTC that accounts for the loss of value of my tokens, and a bit more as a goodwill gesture because of the poor response I had received before. It's not a huge amount or anything but I'm pretty happy with this result. Really I'm just posting to say thank you to you all for your support. People shouldn't need to do stuff like this to get issues with their money resolved, but I guess that's just how it is sometimes. It was mind blowing to see just how many other people have had issues with coinbase go unresolved. The core of the problem seems to be that their customer service team is severely understaffed, but I don't know for sure. Do I trust coinbase again now that this has been resolved? Probably not, just because of the amount of people who commented saying they had similar issues and were being ignored. There were some great recommendations for other exchanges, I won't name any specifically but I'm going to try my best to stick with DEXs from now on. As a few people said, the best way to remove the risk of foul play and errors is to remove humans from the equation, and this is a great feature of DEXs. So once again I just want to thank this community for all your support and wish you the best of luck for the coming year 🚀 [link] [comments] | ||
| Preview of the Lebron James x Crypto.com Super Bowl Commercial Posted: 11 Feb 2022 08:25 PM PST
| ||
| Uber won’t buy bitcoin with its cash but would consider accepting it as payment, CEO says Posted: 11 Feb 2022 07:59 AM PST
|
| You are subscribed to email updates from Cryptocurrency News & Discussion. To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google, 1600 Amphitheatre Parkway, Mountain View, CA 94043, United States | |
No comments:
Post a Comment