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How crypto could change the world and Why Cryptocurrency was invented in the first place.
People used to pay each other in gold and silver. Difficult to transport. Difficult to divide.
Paper money was invented. A claim to gold in a bank vault. Easier to transport and divide.
Banks gave out more paper money than they had gold in the vault. They ran “fractional reserves”. A real money maker. But every now and then, banks collapsed because of runs on the bank.
Central banking was invented. Central banks would be lenders of last resort. Runs on the bank were thus mitigated by banks guaranteeing each other’s deposits through a central bank. The risk of a bank run was not lowered. Its frequency was diminished and its impact was increased. After all, banks remained basically insolvent in this fractional reserve scheme.
Banks would still get in trouble. But now, if one bank got in sufficient trouble, they would all be in trouble at the same time. Governments would have to step in to save them.
All ties between the financial system and gold were severed in 1971 when Nixon decided that the USD would no longer be exchangeable for a fixed amount of gold. This exacerbated the problem, because there was now effectively no limit anymore on the amount of paper money that banks could create.
From this moment on, all money was created as credit. Money ceased to be supported by an asset. When you take out a loan, money is created and lent to you. Banks expect this freshly minted money to be returned to them with interest. Sure, banks need to keep adequate reserves. But these reserves basically consist of the same credit-based money. And reserves are much lower than the loans they make.
This led to an explosion in the money supply. The Federal Reserve stopped reporting M3 in 2006. But the ECB currently reports a yearly increase in the supply of the euro of about 5%.
This leads to a yearly increase in prices. The price increase is somewhat lower than the increase in the money supply. This is because of increased productivity. Society gets better at producing stuff cheaper all the time. So, in absence of money creation you would expect prices to drop every year. That they don’t is the effect of money creation.
What remains is an inflation rate in the 2% range.
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Banks have discovered that they can siphon off all the productivity increase + 2% every year, without people complaining too much. They accomplish this currently by increasing the money supply by 5% per year, getting this money returned to them at an interest.
Apart from this insidious tax on society, banks take society hostage every couple of years. In case of a financial crisis, banks need bailouts or the system will collapse.
Apart from these problems, banks and governments are now striving to do away with cash. This would mean that no two free men would be able to exchange money without intermediation by a bank. If you believe that to transact with others is a fundamental right, this should scare you.
The absence of sound money was at the root of the problem. We were force-fed paper money because there were no good alternatives. Gold and silver remain difficult to use.
When it was tried to launch a private currency backed by precious metals (Liberty dollar), this initiative was shut down because it undermined the U.S. currency system. Apparently, a currency alternative could only thrive if “nobody” launched it and if they was no central point of failure.
What was needed was a peer-to-peer electronic cash system. This was what Satoshi Nakamoto described in 2008. It was a response to all the problems described above. That is why he labeled the genesis block with the text: “03/Jan/2009 Chancellor on brink of second bailout for banks.”. Bitcoin was meant to be an alternative to our current financial system.
So, if you find yourself religiously checking some cryptocurrency’s price, or bogged down in discussions about the “one true bitcoin”, or constantly asking what currency to buy, please at least remember that we have bigger fish to fry.
We are here to fix the financial system.
Given how early in the Rogers Adoption Curve for Crypto we are, I would like to take a moment so we can just imagine what this technological revolution, which I consider is the next huge step for human kind, could bring. I will emphasize some socioeconomic implications of descentralization, but I`m mostly interested in listening to, and debating your inputs.
Blockchain and Crypto Currency are here to change the world forever.
The implications of decentralization
As you may know one of the core proposals of blockchain is decentralization, and with it we can optimize so many processes that this alone could be the revolution we are talking about. By eliminating intermediaries, we can save on the cost they add to the supply chain ensuring those that create the value, keep it. Or we can simply save on fees.
To quote the man himself:
Whereas most technologies tend to automate workers on the periphery doing menial tasks, blockchains automate away the center. Instead of putting the taxi driver out of a job, blockchain puts Uber out of a job and lets the taxi drivers work with the customer directly. – Vitalik Buterin.
To put it simply, imagine that you replace Binance (a centralized company) with a robot. A robot that you have programed so well, whose code you publicly audit, and that is so safe you can trust it with billions of dollars in liquidity pools, so it proceeds to host and operate the trading platform by itself. In case you didn’t know, this is already a reality! Many people here trade on those platforms on a daily basis.
But this goes beyond replacing Centralized Exchanges with Automated Market Makers, Airbnb with a blockchain DApp that connects landlords and costumers, or even banks with complex smart contracts that allow you to borrow, save, tokenize physical assets, and so on. This goes way beyond.
Here is where I start to fantasize of the future. Think about replacing capital itself, think about getting rid of corporations. Lets dream of a world with DAOs massive adoption.
With DeFi, we may no longer need a company like Nestlé…
And specially not their investors. Of course, you will still need the people administrating, planning, monitoring, generating new ideas that adapt to their context, and creating innovative solutions for a complex world only humans can comprehend. But the figure of shareholders and CEOs that steal all the value that workers create and leave them with a tiny fraction of it, can disappear. This can be the basis of a once in a century transformation.
Just as an example: Nestlè’s coffee growers in Colombia keep less than 10% of the final sale price, and barely make a living on it, so are actually abandoning the rural areas.
With Blockchain, DeFi and Smart Contracts, people like you and me can collectively fund such an operation, and then agree upon specific terms like wages by direct democracy, voting with our crypto holdings. Then we would proceed to allocate funds, hire “developers” which would ultimately be regular office jobs that keep the organization functioning. Once in operation we would frequently vote on decisions and results, which would ultimately keep the highest level of accountability for people working in the organization. This is already happening by the way, this is how some blockchain projects work today. We just haven’t applied it to industrial and physical supply chains yet.
Let’s go back to our project to replace Nestle. Imagine that an organization’s main goal is not to maximize profits for shareholders and bonuses for CEOs anymore. Instead, it’s the interest of regular people and the company’s collaborators that drive its actions.
Most likely, you and I will want to consolidate an efficient and effective supply chain, that is sustainable and keeps the dignity and wellbeing of its collaborators as a guiding principle. We are not longer at their mercy on issues like climate change, we can now take immediate action against it, or stop endangering and hoarding water supplies in classic Nestle fashion.
Also, we are making profits, so we are redistributing capital, and improving our quality of life, which will be most notorious in the most vulnerable communities, usually those that extract/harvest/mine raw materials.
This is what could happen with the blockchain descentralization of business. And you could apply it to pretty much anything, but maybe initially it could be for low labor and capital intensive businesses.
I’ll give you another example. I work for a solar power multinational company. If you don’t know it, solar energy is essentially a financial product, most people working in these companies don’t care about the world, its simply that solar is a very safe and lucrative hustle, and all investors care about is having a nice return of investment (ROI). As of now, my company works exclusively for large scale corporate clients or the state itself, given that’s where the nice ROIs are, since they give you the projects that allow you to place large capitals at once. This means, as of today, we blatantly ignore the regular people that seek for our help and funding to power their farms and/or houses with solar energy. They’re not that profitable my boss tells me. This is shitty, and I’ve thought of quitting several times.
But back to the point. Now, imagine once again, we get rid of the institutional investors. Now you and me create Reddit Solar Co, a DAO. Our only purpose is to facilitate access to electricity to those without it, and to advance in the urban implementation of renewable energy. We help the world, make dividends that are automatically distributed by the DAO, and also our own Crypto is rising in value.
And this is not the best.
Let’s not forget of synergies.
So, we just created a DAO that manufactures and distributes food globally right? Or maybe Reddit Solar Co. As an organization born on the blockchain, we won’t have to adapt to the state of the art innovations on the crypto world like an old steam locomotive attempting to adapt a warp drive on top of it. We were born in space.
From the beginning, our Ethereum based DAO could adopt VeChain’s solution for supply chains, Cardano will help us to give an integral solution to the unbanked communities that provide our raw material, they now have IDs, access to DeFi and education. The land deeds and legal documents that relate to our enterprise are certified by LTO Network, we move money internationally with XRP or Stellar, and don’t worry, we use Polkadot to ensure proper blockchain interoperability.
Too complex for you? Don’t worry, you don’t even have to know or care about this, leave that to others. You’re into finance. Maybe sales is your thing and there’s a little Michael Scott in you. Or you`re into social work and want to supervise our community engagement at the start of the supply chain. Just go do your thing! You don’t necessarily have to be involved in all of this.
All you know is you do your job and receive your crypto salary.
Just as computers and the internet changed the world forever, and not only had economic implications but also changed our culture, routines, work lives and ways to interact with each other, crypto will. We are just so early; that all we can do for now is dream.
You’re having too much hope in humanity dude…
Sure, I may be making some optimistic assumptions on the motivations of humans, I may be saying that we will use this technology for good, and that we care about each other, and that’s one way to look at it. But we could also argue in favor of this from a sceptic perspective: even if you don’t care about the collective wellbeing of your community, it’s in your interest to live in a safer environment right? Ergo you want to reduce poverty. Its also in your interest to stop global warming so organized human life can continue to exist, or to make sure you and your children will have water and food in 50 years, that’s why you will want to use technology for good even if you only care about yourself. Also lets not forget the powerful incentive of profits. Crypto has the clear potential to achieve all of this.
Most of the current generation of crypto projects will be ready and operating within the next 3 years, so all we will need by then is the will to use this technology for good, and the vision to change the world.
This is just the beginning, we will be killing industries but giving birth to others we could have never imagined before.
Cons of Crypto:
A coin called “Chia” is gobbling up 1,125,000 TB storage per day. Just to farm this token that no one seems to use. This takes resource wastage to a whole new level.
Chia is a coin that works on a proof of time space consensus. I.e. to farm this coin, one must allot dedicated hard drives and allot the space (known as plots), and get rewarded for it. Sounds good on paper, and one could even be tempted to think they may put that spare 500 GB space left and earn some passive income on it.
Except, this one already requires industrial grade storage space, just to farm a token that has almost zero adoption anywhere.
As you can see from this coin’s explorer, the storage is growing by almost 1000 PiB per day, in the last few days.
https://www.chiaexplorer.com/charts/netspace
1 PiB = 1125.9 TB.
So a growth of 1000 PiB per day => almost 1125000 TB of storage per day is added onto this network, just to mine these coins. This equates to 1.1 million 1 TB drives added per day just to support farming on this network!
Pros of Crypto:
– People in Hong Kong Use The Crypto and Blockchain To Fight Against Media Censorship
Reference
– Data indicates that 76% of Bitcoin investors are still in profit
- Network effect and staying power
BTC is the first virtual currency to solve the double-spending issue. The Bitcoin Protocol offered a solution to the Byzantine Generals’ Problem with a blockchain network structure, a notion first created by Stuart Haber and W. Scott Stornetta in 1991. - Bitcoin undoubtedly has a ‘brand’. It has perhaps the most substantial name recognition of any existing crypto asset and is basically synonymous with ‘cryptocurrency’ to the lay public.
- Despite near constant proclamations of its demise, Bitcoin has not died. One could argue that – as the progenitor of cryptocurrencies – its longevity and continued profitability is itself an investment thesis.
- As the number of public addresses, daily active users (DAU), and large holders/long term holders continue to trend upwards, it becomes harder and harder to ‘put the genie back in the bottle’:
- Bitcoin’s valuation is well described by the most fundamental factor intrinsic to its network: the number of addresses that hold BTC. Applying Metcalfe’s law, the total value of Bitcoin’s network is well explained, with an R squared of 93.8%, simply by the square of its user base, n.
- Store of value to hedge inflation
- Over its lifetime, narratives of Bitcoin’s value have gone through several shifts, from the original cypherpunk vision in the white paper of p2p ‘e-cash’ to today’s ‘digital gold’ narrative.
- One theme underlying both of these points, however, is a reaction to or distrust in the current financial system. This was true during the financial crisis of 2008 (see the genesis block message) and is still relevant today with unprecedented levels of monetary and fiscal stimulus being pursued by governments worldwide. Government deficits and central bank money printing may lead to inflation and thus drive investors towards assets like gold or Bitcoin to preserve their wealth.
- This notion that BTC is a store of value to hedge inflation has certainly caught on in the last few years – not just from institutional or hedge fund investors, but from companies like MicroStrategy, Square and Tesla adding BTC to their balance sheets.
- Like gold, BTC is scarce – only 21M will ever exist. It is estimated that 3M-3.7M BTC have been lost forever/will never enter circulating supply again.. One estimate is that 14.5M BTC are essentially illiquid.
- To take one example, Grayscale’s BTC trust – which has no redemption process and thus effectively takes BTC out of circulation – alone holds over 600k BTC.
- Like gold, BTC is also divisible, interchangeable and durable. Unlike gold, however, BTC is a digital asset and is thus easier to purchase, move and store.
- If the store of value narrative endures, Bitcoin may have significant upside in supplanting a share of gold’s use case (estimated to be a $10T asset class).
- Development
- One of the common counterarguments for Bitcoin is that it is a ‘dinosaur’ with little technological improvement or development (as compared to its more innovative successors).
- Schisms in the dev community notwithstanding, Bitcoin remains an open-source project with global development communities and activity
- Developments of note include:
- Segregated Witness (SegWit): a protocol upgrade proposal that went live in August 2017. This protocol upgrade effectively increased the number of transactions that can be stored in a single block, enabling the network to handle more transactions per second (TPS)
- Lightning Network: is a second-layer micropayment solution for scalability
- Taproot: an anticipated upgrade to increase privacy and improve upon other factors related to complex transactions
- While other blockchains boast enterprise development, some companies are indeed building on Bitcoin. For example, Microsoft recently launched a Decentralized Identifier (DID) network (ION) on the Bitcoin mainnet
- Ideological foundation for a potentially new financial system, without the old, decrepit, and corrupt banks and middle men.
- The Environmental Argument is almost pointless, as it is the most efficient way of transporting millions of dollars around the world in mere seconds. And I mean efficient in all ways, there us no other single asset in the world capable of transporting this amount of capital wealth with such a low environmental impact or financial cost. If not, try moving 4 millions dollars of gold. Also, as Btc increases in value, this gets more on more efficient.
- Innovation of the technology and the first mover advantage in capturing this new market’s value/future value. Btc will always be at the top as mainstream adoption continues relating Crypto=Bitcoin.
- Ability to be bankless, with proven liquidity (thanks to Tesla) and with the best performing asset creation-to-date.
- Inability of third parties to do anything about your Btc holding without the seed phrase. Government’s can hardly tax it if, as Michael Saylor put it: “I had a boating accident and forgot my seedphrase, I don’t have acces to my crypto anymore so I can’t be taxed”. In a way, nobody but yourself can prove that you still have access to those funds, so, can they truly be taxable?
- The S2F model and updated S2F XA model. So far they have been scarily precise. Otherwise, Metcalfe’s law assures anyone that bitcoin may never go to 0, as the network is already strong enough to provide a certain degree of value.
- Bitcoin has been around way too long, and to the uneducated it is the face of the crypto world.
- Bitcoin has no smart contracts.
- Bitcoin is slow.
- Bitcoin fees are expensive.
- People see it as an investment, not a currency they can use and spend. In the end this is not defined as it’s supposed to be used, but only as store of value. It’s at the state of gold, not of a coin.
- Bitcoin has become outdated, the only thing it’s useful for is investing, day to day transactions are useless.
- Bitcoin’s largest advantage and in fact it’s greatest disadvantage is that it’s the oldest cryptocurrency. Since then technology has evolved so much to become more energy and time efficient.
- Bitcoin is like the grandpa of crypto and we should look at it as such. Admire it for its wisdom because it has taught us so much, but also acknowledge that each of its children are trying to make their own marks on the world.
- It’s huge environmental impact due to its proof-of-work concept. BTC has a carbon footprint like Singapore, uses as much electrical energy as the Netherlands, and produces as much electronic waste as Luxembourg. This is a huge problem and needs to be accepted more widely.
- It’s slow. with an average transaction time of like 10 minutes, we are pretty far from instant transactions – this might not be a problem in all cases, but is one when one would like to use it like a currency, as it was planned originally
- High transaction costs – not ETH-high, but too high
- Bitcoin takes a lot of energy to mine and use. As of May 2021, a single Bitcoin transaction takes as much energy as 760,201 VISA credit card payments (source). To keep this in context, the world banking system uses about two times as much energy as the Bitcoin network (source)
- Bitcoin is difficult to mine. GPUs and CPUs don’t have enough computing power to compete with other miners, meaning so-called Application-Specific Integrated Chips (ASICs) are required. These are expensive – generally in the range of $1000 to $6000, depending on how new the model is (source). This restricts Bitcoin’s mining pool to people and groups who have enough wealth to invest in ASICs, which threatens the goal of keeping cryptocurrency decentralized.
- Bitcoin transactions can take a long time to be confirmed. The average time for a transaction to confirmed once is 10 minutes (source), but for a payment to be absolutely final, it needs to be included in multiple blocks to ensure consensus in the mining pool. This takes even longer, sometimes up to one hour (source, for 6 confirmations).
- Bitcoin transactions require expensive mining fees. At the moment, the average fee for a single transaction is $14.35, making Bitcoin unsuitable for day to day use (source).
- Bitcoin lacks many features available in other coins, including smart contracts (programs run on and enforced by the blockchain, see here), anonymity (source), and CPU mining (allowing anyone with a CPU to mine, thus making the network more democratic and less susceptible to being taken over by large groups).
Crypto is definitely a good way to make money. However, you might end up finding the tech interesting. I know that I sure did, and having a sound understanding of your investment will make a big difference in your ability to hodl. It doesn’t have to be much, just a few YouTube videos.
Strategies when it comes to cryptocurrencies
The HODL’er: you buy and basically you never sell. It’s kind of the holy grail of strategies when it comes to crypto according to this sub. Buy and forget and check back 10 years later. You’re a millionaire, Harry! No stress and no maintenance. You can even buy more over time and continue stacking your fat holdings. Do this if you believe in crypto long term
The Goal Setter: set a goal and sell when you reach that goal. Maybe it’s 3x and I’m out. Or maybe it’s make enough for student loans and I’m out. Or maybe it’s $1MM and sell half. Can be anything. Stress depends on your goal.
The Active Trader: Buy high and sell low
The Swing Trader: Some people are good at trading – they usually wait for those days where the whole market bleeds 20-30% in a day then they buy and wait for the bounce and they sell. Rinse and repeat. But they also risk missing out on the rocket jumps. But they also minimize the risk of being in the market when there’s a crash. In the end they might be able to increase their total holdings but for most beginners they lose rather than win. High stress and high maintenance.
The Cycle Trader: you DCA in during the bear market when everything has lost 80-90% of its ATH (alternatively, a year before the Bitcoin halving). Then you slowly sell off everything approximately a year after crypto starts trending up and enters a bull market. So this method has worked well for many people – they don’t necessarily time the top right but they continue to increase their holdings over several cycles. This might be the smart move if you have discipline. The risk is that history no longer repeats itself. It has worked the past 2 cycles but it’s not guaranteed it’ll work again. Medium stress, low maintenance
The Arbitrager: usually they have algos do the trading for them. They minimize risk and just arbitrage the price differences between exchanges. They might not care about crypto and just want to make money. They miss out on the bull run but also miss out on the bear market. Low stress, medium maintenance.
The Moon Chaser: 1000x or bust. Forget $10K eth or $100K btc, they want the next shiba or safe moon. They buy coins with market caps in the millions and hope for the pump to sell. This is like the lottery ticket buyers of crypto. High stress, high maintenance, smooth brain
The correct mentality for investing in the crypto market is thinking in YEARS not MONTHS.
Crypto: What to do in the bear market
–HODL, dont sell with a loss if you believe in your Coin long term.
–Stake, staking is really important! I cant tell you enough, if we are in a bear market and you can stake for a few years you can easily get 20-30% more coins then you have right now.
–DCA, keep buying. The bear market is where you DCA, dont stop buying. Right now is where you can get coins cheap! Just dont stop DCAing cause you are scared! Pick projects you believe in long term and keep buying at low prices!
–Get rid of coins you dont believe in long term, shitcoins. Many wont survive the bear market.
–Research coins for the next bull run!
Crypto Currency Market Cap Visualized during the Pandemic
Top 100 Cryptocurrencies by Market Cap
Latest News on Crypto:
- Nigerian central bank does U-turn on crypto ban
- Paypal allowing withdrawal of crypto
- Billionaire Carl Icahn eyeing $1.5 billion investment in Bitcoin
- Sheetz convenience store becomes the first store chain to accept crypto
- Nashville couple suing IRS over staking gains being taxable
- Dubai’s first cryptocurrency rises over 1000% since its debut
- Biden announces $6 Trillion budget
- Colorado wants to be the first state to accept Crypto
- Large investors bought $3 Billion during the pullback
- Texas creates legal clarity for Bitcoin
- SEC starts scrutiny of Skybridge and Fidelity’s Bitcoin ETF bids
- Texas Bitcoin Bill Gets Senate Approval
Sources:
1- Reddit
2- Reddit
3- https://research.binance.com/en/projects/bitcoin
4- NYDIG Power of Bitcoins Network Effect
5- The original Cypherphunk vision
6- Unlike Gold, BTC is a digital asset that is easy to move around
7- https://coinmarketcap.com/historical/
NFT Crypto Blockchain Bitcoin Top Stories – Breaking News
- Help might have a scammer trying to get me..by /u/KaYaBiRiE (NFT) on October 3, 2023 at 9:50 pm
Was approached via IG msg about wanting to buy 3 NFTs but I was directed to discord where a 3rd party joined whis discord account was from 2018 Raquel saying she is with opensea and directed me to pay gas fees to a opensea store token address I haven't sent anything or done anything else.. is this a scam ? submitted by /u/KaYaBiRiE [link] [comments]
- DappGambl '95% of NFTs worthless' report got picked up by mainstream media, and confuses price and valueby /u/Foreign_Ball (NFT) on October 3, 2023 at 9:37 pm
Gambling website dappGambl posted a blog post titled “Dead NFTs: The Evolving Landscape of the NFT Market” in September 2023. Mainstream media took up the news about the ‘report’ and the negative sentiment about the general NFT market, but the basis for argumentation is flawed, and there is confusion about price and value. We have written a critique about the lack of journalistic and scientific integrity of the initial report. Rollingstone, The Guardian, and a lot of others have picked up on the initial FUD. submitted by /u/Foreign_Ball [link] [comments]
- Hong Kong's push to become a crypto hub could signal a change in China's stanceby /u/GulibleFox (Cryptocurrency News & Discussion) on October 3, 2023 at 9:17 pm
submitted by /u/GulibleFox [link] [comments]
- US SEC asks judge to deny Coinbase motion to dismiss its lawsuit -filingby /u/kirtash93 (Cryptocurrency News & Discussion) on October 3, 2023 at 8:45 pm
submitted by /u/kirtash93 [link] [comments]
- What Is Keeping USDT Pegged To The USD? Breaking Down Tether Reservesby /u/speedfire21 (Cryptocurrency News & Discussion) on October 3, 2023 at 8:33 pm
USDT is one of the most popular stablecoins in the space and it's one of the most used pairs to trade cryptocurrencies. This stablecoin aims to be always pegged 1:1 to the USD. For it to be always worth the same as the USD, the company behind it has to have reserves that match the current supply of USDT circulating. So what are the Tether reserves? According to Tether and their independent audit, Tether holds 85,05% of their USDT supply in cash or cash equivalents, 0,13% in corporate bonds, 3,78% in precious metals, 1,94% in Bitcoin, 6,36% in secured loans and 2,73% in other investments. The biggest part of this cake can be divided in several different things, cash and cash equivalents can mean many things so lets break it down. Inside the 85,05% of the cash and cash equivalents, 75,86% are U.S Treasury Bills, 12,09% are overnight reverse repurchase agreements, 0,78% are term reverse repurchase agreements, 11,06% are money market funds, 0,12% are cash and bank deposits and 0,09% are non-US Treasury Bills. All these numbers mean that effectively, real cash is a really small percentage of Tether's holdings. The major holdings according to Tether are U.S Treasury Bills and there's more investments in the middle of this that are not known exactly what they are. As we know, it only takes a small decline in the reserves to deppeg a stablecoin, supposedly reserves have to be atleast valued at the same as USDT supply. When this audit was made, in the 30th of June, Tether had 67 billion dollars in assets and 66 billion dollars in liabilities, meaning that the reserves had 1 billion dollars more in value than the supply. Looking at the supply of USDT now, we will find that there are more than 83 billion USDT circulating, meaning that Tether would have to add almost 30 billion dollars to their reserves. Here is where the questions start, does Tether hold 83 billion in reserves right now? Does Tether always hold the same amount of reserves as they have in USDT supply or do they only hold it when an audit is comming. This is the uncertain that keeps some users worried about Tether, if they don't always hold they reserves accordingly, it only takes something happening like a leak for USDT to come down in a spiral and crash the entire market. USDT is an important part of the market, even if it's disliked so much. Tether should make more efforts to keep users assured that they are doing things right. Their reputation in the crypto ecosystem is bad and they are accused of all kind of things, one of them being market manipulation. Will USDT ever be as transparent as they should and finally assure users that they are completely legit and not an house of cards waiting to fall? submitted by /u/speedfire21 [link] [comments]
- Star Atlas Unlocks Tools to Help Game Devs Build on Solana - Decryptby /u/kirtash93 (Cryptocurrency News & Discussion) on October 3, 2023 at 7:54 pm
submitted by /u/kirtash93 [link] [comments]
- Condemning Evidence: Leaked Chat History Reveals Terra Luna’s Do Kwon Made Transactions Out Of Thin Airby /u/jet_life_next_life (Cryptocurrency News & Discussion) on October 3, 2023 at 7:37 pm
submitted by /u/jet_life_next_life [link] [comments]
- IMF Promotes Central Bank Digital Currency In Argentinaby /u/martinvox (Cryptocurrency News & Discussion) on October 3, 2023 at 7:22 pm
submitted by /u/martinvox [link] [comments]
- I've tried out some GambleFi projects so you don't have toby /u/Matth3w_95 (Cryptocurrency News & Discussion) on October 3, 2023 at 7:07 pm
The online gambling industry generated a revenue of $64 billion last year and it's expected to grow even more in the future. What if a decent share of that money was deployed into crypto projects? I'm a generally curious person, so I looked for the current "state of the art" of decentralized gambling, or GambleFi as people like to call it to make it seem more dignitous. I've explored some projects with different characteristics: Dexsport Web3 Betting: a really complete dApp with sports betting and casino games. It requires creating an account and depositing funds into the platform, you can do that with a simple wallet, without KYC. Funds can be deposited and withdrawn using many chains (including Ethereum, Avalanche, Arbitrum, BNB chain, Linea) and a lot of different tokens so that you don't have friction between you and gambling addiction. DESU is the governance token, that gives you access to bonuses to further guide you on the degen road. Rollbit: the biggest GambleFi project so far. What surprised me the most was looking at their current revenues: $39 million in the last 30 days, coming from sports betting, casino games and high-leverage trading. Part of the platform's profits are used to buy back and burn the RLB token, as an attempt to reward holders for their contribution. You can create an account with a wallet or with an email address. What it's not clear to me is whether there's a geographic restriction for users, it appears people in certain countries are not allowed to have an account. Goal3 XYZ: the newest of these projects and the first I've tried out. It's deployed on zkSync ERA network and it's still in beta. I've honestly tried it out just to generate some activities on zk network, hoping to see an airdrop in the future. It's the only one that allows you to bet directly from your wallet, without having to deposit funds into the dApp and that's a big plus in my opinion. Trust is a big issue for traditional betting platforms: you have to believe that the money you deposit in your account is "safely" custody. Betting directly from a crypto wallet solves this but there are fees to pay, on Goal3 you have to pay a fee of 0,5$ for every bet inferior to 20$, for example. I know what you're thinking... "buying crypto is already a gamble per se". I agree, so I don't recommend anyone to spend a lot of time and money on these platforms, because you can easily develop a form of gambling addiction (trust me, I'm a psychologist). I admit that curiosity killed the cat in my case and I ended up losing more money than the amount I won, but hey, at least I explored a sector I didn't know much about and I learned something. Crypto is an amazing technology, unfortunately, it can be used to develop something that's probably evil like betting. Do you have experience with similar projects? submitted by /u/Matth3w_95 [link] [comments]
- Bitcoin block 74638 was mined in 2010, this block was responsible for the 184 billion Bitcoin bug! Billions of Bitcoin minted out of thin air.by /u/NaturephilicReaction (Cryptocurrency News & Discussion) on October 3, 2023 at 7:02 pm
This block was responsible for the Value Overflow Incident otherwise known as the '184 Billion Bitcoin bug'. It created 184,467,440,737.09551616 bitcoins that were split equally sending 92233720368.54277039 bitcoin to two addresses. This was possible because the code used for checking transactions before including them in a block didn't account for the case of outputs so large that they overflowed when summed. A new version of the bitcoin client was published within five hours of the discovery that contained a soft forking change to the consensus rules that rejected output value overflow transactions (as well as any transaction that paid more than 21 million bitcoins in an output for any reason). The bug was spotted very quickly on the Bitcoin talk forum and corrected within 5 hours of finding out the bug. The hacker is still unknown with no one hearing of them ahain. The devs then soft forked the blockchain, which reset it to before the exploit was done. The update was actually implemented by Satoshi himself! This got me thinking, if this bug happens in 2023, 5 hours is more than enough for the bad actors to dump all the Bitcoin and dry up all the liquidity from the market before anything can be done about it imo. Source - https://www.blockchain.com/explorer/blocks/btc/000000000069e1affe7161ab4bcbeacebb4ddf155b50e807f42de971b688a09b submitted by /u/NaturephilicReaction [link] [comments]
- Official transcript of Majority Whip Tom Emmer destroying SEC Chair Gary Gensler on his "harassment toward digital asset innovation".by /u/jam-hay (Cryptocurrency News & Discussion) on October 3, 2023 at 6:53 pm
Repost due to previous removal (too many SEC posts being top at the time) submitted by /u/jam-hay [link] [comments]
- Live: The Trial of FTX Founder Sam Bankman-Friedby /u/chollida1 (Cryptocurrency News & Discussion) on October 3, 2023 at 5:52 pm
submitted by /u/chollida1 [link] [comments]
- 📢Let's try for a positive thread that list projects with real utility and a future?by /u/VRpioneerr (NFT) on October 3, 2023 at 5:41 pm
It's important to accept there are many successful NFT projects already out there, doing hundreds of thousands a day in secondary sales. It's because people enjoy their game/ecosystem. Yes... if you bought an image hoping "community" and "promises" would make it moon, it's near a guarantee you made a mistake, but you're still in the right place, imho. I'm interested in projects that have just started, that I may enjoy playing, and that can make me money. 👀 I made six figures from both TSB and Splinterland because I saw their superiority and exited when madness took hold. I am now, in this bear market going deeper and deeper into NFTdraft. I will link to their utility in comments. You may analyze and decide what you think. I would love to analyze other projects with moon potential but get bogged down searching. A bull run is coming. If it's like the internet, we still have 7 years 😂, but investments are flowing by governments and billion-dollar companies, so I'm guessing in 7 years we will have mass adoption. Please either comment on my suggestion or share a project with real utility and real moon potential and let's create a thread for people who actually like NFTs... so, 5% of the commentors on this sub 🤔 submitted by /u/VRpioneerr [link] [comments]
- Creating a collection similar to Crowd by Creature Worldby /u/Pessimisticoptimist0 (NFT) on October 3, 2023 at 5:35 pm
Hello, wondering if anybody has any insights into how to create/make an infinite generative collection similar to crowd by creature world. I guess with all of the layers there is a theoretically infinite amount, but i'd be curious to learn if there is a specific program they used or it was just creating enough layers in photoshop so that it would have been impossible to mint every single one, i.e. 1 trillion unique combos etc. submitted by /u/Pessimisticoptimist0 [link] [comments]
- Future is here, if someone earned max amount of Moons every round since karma cap was introduced it would have earned them more than 98% of European countries minimum wages at ATH at staggering $103,793 and more than 80% today at $51,204! BULLISHby /u/meeleen223 (Cryptocurrency News & Discussion) on October 3, 2023 at 5:32 pm
Moons distribution day is tomorrow so I wanted to show you how many Moons would one earn if they maxxed every round since karma cap was voted in with: CCIP-007 15,000 karma cap on Moon distribution on 2021-04-15 and was later deprecated by: CCIP-029 Dynamic Karma Cap on 2022-04-13 In following table there a total of 30 rounds: Date Max Cap Ratio Moons earned 20/5/2021 15000 0.238 3570 17/06/2021 15000 0.207 3105 15/07/2021 15000 0.304 4560 12/08/2021 15000 0.268 4020 9/09/2021 15000 0.189 2835 7/10/2021 15000 0.270 4050 4/11/2021 15000 0.288 4320 2/12/2021 15000 0.201 3015 30/12/2021 15000 0.233 3495 27/01/2022 15000 0.277 4155 24/02/2022 15000 0.301 4515 24/03/2022 15000 0.457 6855 21/04/2022 9366 0.59 5525 19/05/2022 6971 0.856 5967 16/06/2022 6994 0.554 3874 14/07/2022 6938 0.554 3843 11/08/2022 7890 0.855 6745 8/09/2022 8397 0.932 7826 6/10/2022 8386 0.857 7186 3/11/2022 9069 0.908 8234 1/12/2022 10639 0.452 4808 29/12/2022 10967 0.679 7446 26/01/2023 11668 0.933 10886 23/02/2023 10975 1.998 21928 23/03/2023 8482 0.744 6310 20/04/2023 8212 0.702 5764 18/05/2023 8382 0.807 6764 15/06/2023 8452 0.943 7970 13/07/2023 7944 1.18 9373 10/08/2023 6492 1.173 7615 7/09/2023 6349 0.934 5929 https://preview.redd.it/yh4o25ezu0sb1.png?width=479&format=png&auto=webp&s=43995294fea4a8402795e439d291eabf41e8ce5e Total Moons Earned Moons Total Value Today 192,498 $51204 Total Moons Earned At ATH Moons Total Value at ATH 178,954 $103,793 At Moons current price user who maxxed every round would have earned more than ~80% of European countries minimal wages over past 30 rounds ~ 2 years 3 months time period https://preview.redd.it/xx6j7j2lo0sb1.png?width=1213&format=png&auto=webp&s=482ec826ffadf189483fccd1fca2b67c469aa777 At Moons ATH price user who maxxed every round would have earned more than 98% of European countries minimal wages over past 28 rounds ~ 2 years time perioud Fun facts: Most Moons earned in a round was in round 36 - 21928 Moons worth $12718 at ath In round 13 when karma cap was introduced, number of Moons distributed to users was 1,884,996, that number has dropped to 924,166 since. Moons are getting scarcer and each round that number drops by 2.5% In around 2030 number of Moons released to users will drop to ~80k, and its safe to say total karma will peek at higher than 8.8m peek from 2021, so lets say 14m, that would make ratio 0.0057! Owning 5.91 Moons is equal to owning 1 BTC in terms of percentage at current supply 1 BTC / 21 000 000 x 100 = 0.00000476% x/ 124,286,444 x 100 = 0.00000476190476 x = 0.00000476190476/100 * 124,286,444 x= 5.91840209287 or 7.31 Moons if we take into account ~4m BTC that have been lost forever Moons are getting scarcer and harder to earn each round as Steve Huffman's idea for users to generate wealth on reddit is shaping out to be a success, users making life changing $ already and it's just the beginning! https://preview.redd.it/cxba1oyfp0sb1.png?width=675&format=png&auto=webp&s=a52b3cb42337d134ea5ab813b41a28f93773d020 submitted by /u/meeleen223 [link] [comments]
- Criminal trial date set for next year for former Celsius CEO Mashinskyby /u/spamohh (Cryptocurrency News & Discussion) on October 3, 2023 at 5:28 pm
submitted by /u/spamohh [link] [comments]
- How Blockchain And NFTs Could Improve Traceability and Work Conditions In The Consumer Product Supply Chainby /u/Popular_Rub9075 (NFT) on October 3, 2023 at 5:00 pm
NFTs and crypto are already changing the world for the better and in times like these, when the market is quiet, it is nice to remind ourselves how far the industry has gotten over the years. This article served as a good reminder for me and I want to share a TLDR with you guys: Blockchain can be used to improve traceability in the consumer product supply chain in three ways: Tracking the origin of everyday products: Blockchain can be used to track the journey of a product from its raw materials to the store shelf. This can help consumers to understand where their products come from and how they were made. Proving the ethical sourcing of diamonds: Blockchain can be used to track the provenance of diamonds, ensuring that they have been ethically sourced. This can help consumers to make informed choices about the diamonds they buy. Enabling a slavery-free chocolate industry: Blockchain can be used to track the origin of cocoa beans, ensuring that they have not been produced using child labor or slavery. This can help consumers to make ethical choices about the chocolate they buy. submitted by /u/Popular_Rub9075 [link] [comments]
- About three years ago from now the last Bitcoin bull market started and now we can see how many may actually have HODLed through those 3 years. The real diamond hands.by /u/partymsl (Cryptocurrency News & Discussion) on October 3, 2023 at 4:55 pm
If we turn the clock back about exactly three years ago from now one, we would be in the fall of 2020, the year where we saw a historic crash of BTC to $3k due to the Covid black swan, but also in the same same year we had the Bitcoin Halving which has typically been a good build-up for a pending bull market and that is exactly what happened. We had the biggest bull market in Crypto history if we talk about pure money inflow, many institutions and whole countries were entering Crypto and we had a market cap of over $3T at our peak with BTC alone at $1T. But it is even more important to look at who could capitalize on the this bull market, some actually sold and others, like many of us, just made the early mistake to not take profits, but will now hopefully not make the mistake of selling in a bear market too: Bitcoin Supply Last Active 3 years ago, which is the coinciding with the previous bull run right now, chart by James V. Straten This chart shows the Bitcoin Supply that was inactive for at least three years, meaning it has not been moved at all. This usually shows the ultimate holders/diamond hands that can hold through a whole Bitcoin cycle without selling as those truly have a long-term vision of the market and not just some short profits. With a further increase in the Supply Inactive for 3 years we will now be able to see how many of us were able to hold through the whole bull market up to $69k and all the way down to $15k in this bear market with a lot more volatility in between, those will undoubtedly called the real diamond hands. submitted by /u/partymsl [link] [comments]
- What will be your nft preference for the next bull run ?by /u/Odd_Philosopher_6605 (NFT) on October 3, 2023 at 4:40 pm
Hey!! What will be your focus in future while buying NFT's ?? Is it going to be just making a quick bucks or you really want something more than that ? Or you just want your newbie friend to be your exit liquidity who just get to know about NFT's ? Or you really going to expect( not promises but results ) something which is valuable atleast equivalent of the money you will pay for for the NFT's ? Comment your thoughts 🤔 👇 submitted by /u/Odd_Philosopher_6605 [link] [comments]
- Stop using orbiter finance!by /u/dark_deadline (Cryptocurrency News & Discussion) on October 3, 2023 at 4:35 pm
One of the first bridges. which supported arbitrum nova is suspected to be "rugged". Some months ago their discord also got which caused many users to lose their funds but later they compensated to everyone https://preview.redd.it/eycoz2owk0sb1.png?width=1159&format=png&auto=webp&s=1c2379e168be5786aec8ed423e52c50305e3bd68 But now again some users are complaining ton X they haven't received their funds and their MOD team is not responding https://preview.redd.it/mfe1ec1el0sb1.png?width=1121&format=png&auto=webp&s=1b147a1868fa527d370e2579732a145515f7aa9f https://preview.redd.it/iex8d16ul0sb1.png?width=1184&format=png&auto=webp&s=f8a084b0f2056f0581e69a2896456dd43e266264 And apparently the admin who used to maintain funds and post announcements in discord account shows "DELETED USER" https://preview.redd.it/pnrl3qb3m0sb1.png?width=2206&format=png&auto=webp&s=93b0189f679d5f45c85767ec3d6766b00d3f52b2 So until all the air is cleared STOP using the orbiter finance bridge submitted by /u/dark_deadline [link] [comments]
- Lazy Minting. New OpenSea creator experience starting Oct. 4by /u/WordBaby_dot_buzz (NFT) on October 3, 2023 at 4:23 pm
I’ve been called a lot of things, but never a lazy minter. At least not until now. OpenSea rolls out their new creator experience tomorrow and we have no idea what to expect except for a preview of the UI that was displayed about two weeks ago. Apparently existing lazy mentors like me will have their collections locked tomorrow or at least the NFT’s will no longer be editable. Because we only had about two dozen NFTs minted when we found out, we stopped in our tracks and have been waiting for tomorrow’s release. Hopefully the UI will be intuitive and everything will be self-explanatory but that’s usually not the way things go. Does anyone have any insight on what to expect? submitted by /u/WordBaby_dot_buzz [link] [comments]
- Binance.US and Changpeng Zhao Face Class-Action Lawsuit Over FTX Collapseby /u/DonerTheBonerDonor (Cryptocurrency News & Discussion) on October 3, 2023 at 3:57 pm
submitted by /u/DonerTheBonerDonor [link] [comments]
- Brazil to Revolutionize Digital Identity with Blockchain Technology for Over 214 Million Citizens.by /u/Tatakae69 (Cryptocurrency News & Discussion) on October 3, 2023 at 3:46 pm
submitted by /u/Tatakae69 [link] [comments]
- [Satire] Rarer than Bitcoin: only 17576 ... everby /u/Blockchainauditor (Cryptocurrency News & Discussion) on October 3, 2023 at 3:39 pm
People speak about Bitcoin's scarcity as an integral part of its appeal and value proposition. It has a finite supply, and the total number of bitcoin is limited to 21 million (plus or minus the still extant 0.00997538 BTC created in the value overflow incident of 2010). The maximalists say there is nothing else in the physical or digital domain that is in demand and yet practically limited. I have come up with a prospect. In publishing, as we discuss new topics, we almost always come up with a three or four letter acronym. Who wants to type "distributed ledger technologies" all the time? DLT fills in. We have DAOs, PoW, ATH, ICO, KYC, FUD ... and do expand to DYOR and dAPP. But there are only so many three letter acronyms you can create with the basic ISO Latin alphabet ... that would be 26^3, or 17,576. Expand to FLAs, and that's 26^4, or 456,976. Add in the digits 0-9 (as in P2P), 36^3 is 46,656 and 36^4 is 1,679,616. Put them all together, you get 2,200,824, 1/10th of the max Bitcoin supply. So if you are looking for a piece of something limited in supply but ingrained in life as we know it, be the owner of a TLA or FLA today. BTD - buy the definition, if not the dip. submitted by /u/Blockchainauditor [link] [comments]
- Bitcoin seasonality on midnight, Saturdaysby /u/EdwardM290 (Cryptocurrency News & Discussion) on October 3, 2023 at 1:40 pm
I studied the historical returns of BTC from 2017 to today's price (importing data from Binance's API) and what i found using a pivot chart is that the highest hourly returns BTC has happens at midnight on most Saturdays. I don't exactly know why, could be for the start of the weekend or something, but the equity linearity of a strategy that buys at midnight UTC and sells at 1 AM UTC is something exceptional: R squared is around 90%. Why is BTC frequently going consistently up every Saturday at midnight? does anybody have a clue? BTC average hourly returns per weekday equity with 3x leverage INCLUDING binance futures fees for each trade (0.06%, which is the double, since you pay at entry and exit, of 0.03% for BTCBUSD futures) statistics. Open position dd% refers to the max drawdown a position has had from open-to-low submitted by /u/EdwardM290 [link] [comments]
- The search for $50 million lost after Blockchain Global's crypto exchange collapseby /u/stockyewok (Cryptocurrency News & Discussion) on October 3, 2023 at 1:18 pm
submitted by /u/stockyewok [link] [comments]
- FED Investigators Announced the Reasons for the Collapse of Silvergate Bank!by /u/kirtash93 (Cryptocurrency News & Discussion) on October 3, 2023 at 12:28 pm
submitted by /u/kirtash93 [link] [comments]
- How to Contact Bitcoin Toll Free♏ . — .-.♏ Phone Number, Email, & Social Mediaby Kristofferson Romyn (Cryptocurrency on Medium) on October 3, 2023 at 10:41 am
1–808–3INTUIT +1(256) 579–1809 You can call this Bitcoin Customer Supports Number Contact Monday through Friday from 8:00 AM to 9:00 PM ET…Continue reading on Medium »
- Cryptocurrency Q4 Rally,Link, RDNT, Floki Leading Chargeby @cyptotech (Cryptocurrency on Medium) on October 3, 2023 at 10:39 am
Bhim SIngh October 03, 2023 AnalysisContinue reading on Medium »
- How to Contact Bitcoin Phone♏ . — .-.♏ Phone Number, Email, & Social Mediaby Navid Finlee (Bitcoin on Medium) on October 3, 2023 at 10:35 am
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- How to Contact Bitcoin Phone♏ . — .-.♏ Phone Number, Email, & Social Mediaby Navid Finlee (Cryptocurrency on Medium) on October 3, 2023 at 10:35 am
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- “Blockchain Explained Simply: A Beginner-Friendly Guide”by K Deepak (Bitcoin on Medium) on October 3, 2023 at 10:34 am
Absolutely! It appears you’ve been exposed to the hype surrounding “blockchain,” a term that gained significant attention following the…Continue reading on Medium »
- Monetize Cryptocurrency with Binance Clone Script Developmentby Sriram (Bitcoin on Medium) on October 3, 2023 at 10:34 am
In the Changing world of cryptocurrency, finding ways to monetize your digital assets is a key consideration for many investors and…Continue reading on Cryptocurrency Scripts »
- Thoughts on Satlantis (Part 3): How do the sats moveby Hewletto (Bitcoin on Medium) on October 3, 2023 at 10:34 am
In Part 1 of this series, I provided a brief introduction to Satlantis’ economic system. Today, I want to delve deeper into it to help…Continue reading on Medium »
- Injective is presenting Illuminate Hackathon Igniting Innovation in Web3 Financeby William (Blockchain on Medium) on October 3, 2023 at 10:31 am
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- Injective is presenting Illuminate Hackathon Igniting Innovation in Web3 Financeby William (Cryptocurrency on Medium) on October 3, 2023 at 10:31 am
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- Intelligent Cryptocurrency VIPby Dhakalprashant (Cryptocurrency on Medium) on October 3, 2023 at 10:30 am
What exactly is Cryptocurrency, you may wonder? Well, it’s a digital form of currency used for online transactions to purchase goods and…Continue reading on Medium »
- Exploring the Best Blockchain Services in Indiaby Accepire (Blockchain on Medium) on October 3, 2023 at 10:28 am
India, a country known for its rich history and diverse culture, has also been making significant strides in the realm of technology. In…Continue reading on Medium »
- The Future is Here: How Web3 is Changing the Game
By Blessing Fridayby Blessing Friday (Cryptocurrency on Medium) on October 3, 2023 at 10:27 am
Web3: The FutContinue reading on Medium »
- Why Blockchain is the next step in Healthcareby MiKi Digital (Blockchain on Medium) on October 3, 2023 at 10:26 am
Don’t get me wrong — I’m happy when I see a new DeFi or MetaVerse application get funded, but I feel like it limits the perception of…Continue reading on Medium »
- Discover Financial Freedom with Crypto Quantum Leapby MasterAffilio (Cryptocurrency on Medium) on October 3, 2023 at 10:24 am
Are you ready to embark on a journey towards financial freedom and embrace the exciting world of cryptocurrency trading? Look no further…Continue reading on Medium »
- Alchemy Pay: The Era of the Borderless Paymentsby BackToLife77 (Cryptocurrency on Medium) on October 3, 2023 at 10:23 am
Bridging Traditional and Decentralized FinanceContinue reading on Medium »
- Alchemy Payby BackToLife77 (Blockchain on Medium) on October 3, 2023 at 10:23 am
Bridging Traditional and Decentralized FinanceContinue reading on Medium »
- How to Contact Bitcoin Support Phone♏ .by Navid Finlee (Cryptocurrency on Medium) on October 3, 2023 at 10:23 am
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- How to Contact Bitcoin Support♏ . — .-.♏ Phone Number, Email, & Social Mediaby Navid Finlee (Cryptocurrency on Medium) on October 3, 2023 at 10:22 am
1–808–3INTUIT +1(256) 579–1809 You can call this Bitcoin Customer Supports Number Contact Monday through Friday from 8:00 AM to 9:00 PM ET…Continue reading on Medium »
- Bitcoin Traders Seek a ‘Slow Grind’ Up as BTC Price Drops Over 4%by Shantanu Gupta (Bitcoin on Medium) on October 3, 2023 at 10:20 am
Introduction:Continue reading on Coinmonks »
- Bitcoin Traders Seek a ‘Slow Grind’ Up as BTC Price Drops Over 4%.by Shantanu Gupta (Blockchain on Medium) on October 3, 2023 at 10:20 am
Introduction:Continue reading on Coinmonks »
- How to Contact Bitcoin Helpline♏ . — .-.♏ Phone Number, Email, & Social Mediaby Navid Finlee (Bitcoin on Medium) on October 3, 2023 at 10:17 am
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- Alchemy Payby BackToLife77 (Blockchain on Medium) on October 3, 2023 at 10:16 am
Conectando las Finanzas Tradicionales y DescentralizadasContinue reading on Medium »
- Manta Pacific: A Game Changer for Web3 Privacy and Scalabilityby AzN (Blockchain on Medium) on October 3, 2023 at 10:16 am
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- Tezos India Monthly Update: September 2023by Shreyash (Blockchain on Medium) on October 3, 2023 at 10:15 am
September was an action-packed month for Tezos India, as we continued to make significant strides in promoting Tezos blockchain technology…Continue reading on Tezos India »
- September Monthly Capsule: A Month of Remarkable Growthby Power Browser (Blockchain on Medium) on October 3, 2023 at 10:11 am
As we bid farewell to September, it’s time to look back and reflect on the exciting developments that took place within the Power Browser…Continue reading on Medium »
- Honda Announces You Can Pay with Cryptocurrencyby Abe Bellini (Bitcoin on Medium) on October 3, 2023 at 10:09 am
In a move that reflects the evolving landscape of digital finance, Honda has announced a groundbreaking partnership with FCF Pay to accept…Continue reading on Medium »
- PayPal USD (PYUSD) Now Available on ChangeNOW!by ChangeNOW.io (Blockchain on Medium) on October 3, 2023 at 10:08 am
ChangeNOW is thrilled to announce the integration of PayPal USD (PYUSD)!Continue reading on Medium »
- ow to Contact Bitcoin Customer Support♏ .by Navid Finlee (Bitcoin on Medium) on October 3, 2023 at 10:06 am
Continue reading on Medium »
- How to Contact Bitcoin Customer Support♏ .by Navid Finlee (Bitcoin on Medium) on October 3, 2023 at 10:05 am
1–808–3INTUIT +1(256) 579–1809 You can call this Bitcoin Customer Supports Number Contact Monday through Friday from 8:00 AM to 9:00 PM ET…Continue reading on Medium »
- How to Contact Bitcoin Customer Care ♏ .by Navid Finlee (Bitcoin on Medium) on October 3, 2023 at 10:03 am
1–808–3INTUIT +1(256) 579–1809 You can call this Bitcoin Customer Supports Number Contact Monday through Friday from 8:00 AM to 9:00 PM ET…Continue reading on Medium »
- Ironically, is mt gox about to make some millionaires?by /u/FirstGonkEmpire (Cryptocurrency News & Discussion) on October 3, 2023 at 9:39 am
Now I'm not fully up to speed with the bankruptcy proceedings or who gets what, or if some people miss out totally, etc. But this was in 2014 it went bankrupt. AFAIK, they haven't got all of it back, but they got some . Payments are starting, according to the website. Much like the famous Bitcoin on a hard drive in landfill guy (James Howells), this money has been sitting it total statis ever since 2014 (technically maybe not since it might not be the original Bitcoin, but if you owe someone an asset in a bankruptcy you obviously have to pay them the current market rate or however much you can muster up and divide fairly, not the original market rate) and Bitcoin is worth 31 times more now. Obviously, if people had the Bitcoin and it never got hacked it would have been traded away on the latest bump up or down. But since it got hacked, you might become a millionaire if you can get back bitcoin from mt gox (not inconceivable, especially if you owned a business or something, either business or "business", whatever the case may be). As I say, I'm not sure whether it's 50%, 25%, or 5%. I just haven't really heard this discussed before, the fact that a so called disaster might make you a millionaire. Edit: they've recovered 200k Bitcoins out of 750k customer Bitcoins and 100k of their own Bitcoins. So 26% round about. Not even that bad. Of course the big boys like the tax man and banks come first. submitted by /u/FirstGonkEmpire [link] [comments]
- Decentralization is the future of cryptoby /u/BlueLatenq (Cryptocurrency News & Discussion) on October 3, 2023 at 9:02 am
We should focus on the real value of decentralization in the crypto space, even though it seems most crypto projects have not been working toward that lately. As we can see, a vast majority still prefer centralized exchanges and crypto platforms, which are clearly not safe. The most significant that we barely take notice of are the blockchain explorers like BSCscan, Etherscan, and several others, which are clearly centralized. Centralized blockchain explorers not only monitor their users, linking their wallets to IP addresses, but they also represent a critical point of failure. Imagine waking up one day and being unable to access these explorers to track your blockchain data. If a government were ever to seek to prohibit cryptocurrencies, they could effectively disable these services, cutting off access for up to 99% of users, as there would be no graphical user interface available. The crypto community must carefully weigh the trade-offs between convenience and decentralization to ensure the long-term resilience and security of the ecosystem. But just a few days ago, LibreScan was launched by QANplatform. LibreScan is one of the first EVM-compatible self-hosted Decentralized Blockchain Explorers (DBE). It was built by the crypto community for the community. Developers can contribute to the open-source project, where they can connect any blockchain platform with LibreScan. Cryptocurrency users will be able to run their own blockchain explorer on their own devices and always have secure access to their blockchain explorer without being tracked. Is this not the future we have all been waiting for? submitted by /u/BlueLatenq [link] [comments]
- Coinbase Will Delist a Massive 80 Trading Pairs on October 16thby /u/Charon751 (Cryptocurrency News & Discussion) on October 3, 2023 at 8:01 am
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- Have 95% of NFTs become “worthless” ?by /u/tim88885 (NFT) on October 3, 2023 at 7:12 am
https://medium.com/illumination/have-95-of-nfts-become-worthless-4b2d173e2532 Let’s take a look at what’s going on. submitted by /u/tim88885 [link] [comments]
- Daily Crypto Discussion - October 3, 2023 (GMT+0)by /u/CryptoDaily- (Cryptocurrency News & Discussion) on October 3, 2023 at 12:00 am
Welcome to the Daily Crypto Discussion thread. 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: Beginner Resources Intro to r/Cryptocurrency MOONs 🌔 MOONs Wiki Page r/CryptoCurrency Discord r/CryptoCurrencyMemes Prior Daily Discussions - (Link fixed.) r/CryptoCurrencyMeta - Join in on all meta discussions regarding r/CryptoCurrency whether it be moon distributions or governance. Finding Other Discussion Threads Follow a mod account below to be notified in your home feed when the latest r/CC discussion thread of your interest is posted. u/CryptoDaily- — Posts the Daily Crypto Discussion threads. u/CryptoSkeptics — Posts the Monthly Skeptics Discussion threads. u/CryptoOptimists- — Posts the Monthly Optimists Discussion threads. u/CryptoNewsUpdates — Posts the Monthly News Summary threads. submitted by /u/CryptoDaily- [link] [comments]
- Recruiting for focus groupby /u/Workatatechstartup99 (NFT) on October 2, 2023 at 8:17 pm
Hey Gaming/Tech Enthusiasts of Reddit, Imagine a world where the tedious task of writing product reviews transforms into an interactive, game-like experience. That's Phygtl in a nutshell! We're an emerging Web3 startup aiming to revolutionize product reviews by intertwining gamification elements with the connectivity of social media. Think of it as leveling up in a game, but for sharing your thoughts on products. We're eager to gather feedback from gamers and tech aficionados, which is why we're hosting a 40-minute detailed interview session. Dive deep into our value proposition, get a firsthand look, and help us refine this game-changing concept. Secure your spot by DMing me at ashritha.a@phygtl.xyz and be part of the next big wave in reviews! submitted by /u/Workatatechstartup99 [link] [comments]
- Report: Tom Brady Earned $55M, Steph Curry Earned $35M to Promote FTX Crypto Exchangeby /u/bingorunner (Cryptocurrency News & Discussion) on October 2, 2023 at 7:43 pm
submitted by /u/bingorunner [link] [comments]
- where do you think nft founders are most often foundby /u/Embarrassed_Bass_816 (NFT) on October 2, 2023 at 7:02 pm
What do you think? submitted by /u/Embarrassed_Bass_816 [link] [comments]
- Ross Ulbricht has reached the 10-year mark of his double life sentence in prison after having his laptop seized by the FBI in 2013.by /u/cointelegraph1 (Cryptocurrency News & Discussion) on October 2, 2023 at 4:15 pm
The founder of the former Silk Road online black market, Ross Ulbricht, marked 10 years behind bars after he was given a double life sentence by United States authorities in 2013. Ulbricht posted on X (formerly Twitter) that he has already spent a full decade in prison and fears he will spend the remainder of his life “behind concrete walls and locked doors.” He said all he can do now is “pray for mercy.” https://preview.redd.it/yvcn79fhdtrb1.png?width=786&format=png&auto=webp&s=c7ae8217ed5413bb851842f834aa4b4e2765e278 Silk Road started in 2011 and was run and operated by Ulbricht from his personal laptop under the username “Dread Pirate Roberts.” It is known as the first modern darknet market with a payment system built on Bitcoin. However, on Oct. 1, 2013, the U.S. Federal Bureau of Investigation (FBI) seized the laptop. Ulbricht was convicted in a U.S. federal court in 2015 for various charges relating to the operations of the Silk Road. He was sentenced to two life terms plus forty years and no possibility of parole. According to the court documents from the case, the Silk Road site facilitated sales amounting to 9,519,664 Bitcoin between February 2011 and July 2013 and took a commission of 600,000 Bitcoin. At the time of publication of the court documents, this equaled approximately $1.2 billion in sales and around $80 million in commissions. Ulbricht’s case has received widespread attention, with many echoing calls for the website’s founder to be shown clemency. According to a website fighting for freedom for Ulbricht, over 250 organizations have backed these calls, and half a million people have signed a virtual petition to free Ulbricht. He has also found great support among the crypto and Bitcoin communities. submitted by /u/cointelegraph1 [link] [comments]
- NODE TO NODE: ART SALON PARIS – 13-22 October 2023by /u/Rossa774Tezos (NFT) on October 2, 2023 at 3:24 pm
Exhibited artists: William Mapan, Kjetil Golid, Iskra Velitchkova, Eko33, Marcelo Soria-Rodríguez, Alkan Avcioğlu, Obvious, Alice Gordon, Helena Sarin, Ganbrood, Jared S. Tarbell, Manoloide and Nancy Burson. As an integral part of the show, we present a curated selection from French @lemonde2d private collection, with the works by Michael Zancan, Phaust, Marcel Schwittlick, Anna Beller & Alejandro Campos, Stuart Batchelor, Casey Reas, and Peter Beyls. You can read all the details below : ⬇️ https://xtz.news/latest-news/node-to-node-art-salon-paris-13-22-october-2023/ submitted by /u/Rossa774Tezos [link] [comments]
- Latest LooksRare Updates!by /u/FreshPrinceLR (NFT) on October 2, 2023 at 2:39 pm
gm NFT fam! Building in the bear is the ongoing theme over at LooksRare, as we do our part to provide the ecosystem with a decentralized marketplace that truly rewards users. Last week we had 2 huge announcements. First, we introduced community raffles, which now allows users to create raffles for their NFTs! If you have an NFT that you want to sell, but create a low-barrier-to-entry to prospective buyers, it's a fantastic way to do so and have some fun without dumping into bids. We also announced our tokenomics update, which now provides rewards to those that have committed LOOKS, using the fees earned through our on-chain games! TL;DR for the fees generated: 50% will be used to buyback LOOKS 10% provided via protocol rewards 40% will be sent to our treasury for future costs, incentives, and rewards submitted by /u/FreshPrinceLR [link] [comments]
- Value the idea of NFT marriageby /u/BinaryMarriage (NFT) on October 2, 2023 at 9:10 am
I'm currently working on a project called Binary Marriage. The concept revolves around proving love and unity through NFT binary marriage certificates. While it's not intended to replace official marriages, it offers an alternative way for couples to unite, especially within the LGBTQ+ community. BM generates NFT certificates like this one https://binarymarriage.com/c/AEC-1077. Using polygon and upload to OpeaSea. Do you think such NFT maybe valued not only by couple, but others too? submitted by /u/BinaryMarriage [link] [comments]
- Weekly NFT discussion. What are you looking forward to this week?by /u/Ivo_ChainNET (NFT) on October 2, 2023 at 7:03 am
Share the NFT mints, collections, and events that you're excited about! submitted by /u/Ivo_ChainNET [link] [comments]
- What happened to death row nft ?by /u/AwarenessFree4432 (NFT) on October 2, 2023 at 2:21 am
What happened to death row nft ? Side note tory never paid me for the nfts I sold lol submitted by /u/AwarenessFree4432 [link] [comments]
- Happy October 1st guysby /u/tps1222 (NFT) on October 1, 2023 at 11:47 pm
Wooooo guys! Thank you all so much for supporting my sales this last 6 weeks! When I started I had 121 sales and I’m not at 218 so just shy of $1000 but after Reddit takes their cut about $800. I’m going to cover the difference and make it a cool 1k. $500 will be donated to Habitat for Humanity Maui and $500 to the Maui Food Bank. I’m so appreciative for everyone being so cool about this. I want to remind anyone who purchased from me to message me about getting some custom artwork added to their avatars with signatures! I will probably continue to donate a portion of future sales to Maui relief efforts and in the meantime learn a lot more about advertising and NFT promotion in order to maximize the contribution next campaign I run. AGAIN THANK YOU ALL SO MUCH! What a great community!!! submitted by /u/tps1222 [link] [comments]
- Brainstorming Time for Human Artby /u/omnicreor (NFT) on October 1, 2023 at 11:45 pm
Hi Community, This is my first post on Reddit. So let me start with my story first. My NFT journey was started 2 months ago. Before starting, I know we are in 2023, and NFT market is clearly dead. However, I just needed to test the system. I am an Entrepreneur, a Senior Software Architect but one of my part is an artist. So, I always love art, and will keep support the “art” and “artist” terms. What did I do to test the NFT system is dead or not? First I started with real art, I invented new drawing / painting techniques (thanks to the AI I trained for art), and then I asked again AI to draw the paintings I described using the techniques I invented. I listed those arts on OpenSea, like 50-100$. I got zero interaction. Then I tried to build a community on X. Tried to reply all messages related NFT, send my collection links to the collectors etc. What I got is, again zero earning. Then I tried something that people may want to collect like the concepts “Ring of Power”, but again, zero earnings. Then I tried to focus some “magic” community so I listed some pages from a spell book (again AI art), like Talismans. Do you expect any sell? Of course, not. Then I realized most of the trending collections are like some Apes, some dogs, bears with 10K item. So I did that one too. I created “Collar Clowns”, I hate corporate life, so I wanted my art should represent me. It got some interactions, but again, zero offer, zero earnings. At last, today, I had a deep conversation with my AI. It knows me, so I wanted him to create something that really represents me. So it created “Anarcho”, 1000 anarchists drawings. I listed again few hours ago. For now, I got zero sell. You can check my profile at OpenSea using my name “Omnicreor”, I do not want to give a direct link here. I need some brainstorming here about the Art and Artists. Because if they really suffer in NFT world, not like me, I am mentioning about the “Real Artists”, so they need some other place than NFT to develop, to progress, to generate new art. Because there will be most probably new pandemics in next years, and there is not much “Art Gallery” culture anymore. Digital Art and Digital Gallery is a rising shine. Just there is not much area for this if NFT is really dead. And I think I can build and give this them for free, and I believe that, at least I can do this thing in my life to protect the development of the “Human Art”. I just need your opinions, ideas. Thank you all. submitted by /u/omnicreor [link] [comments]
- NFT ERC721 with TokenURI on own server.by /u/themesaul (NFT) on October 1, 2023 at 9:53 pm
Hello everyone, I recently purchased several tokens from a collection and noticed that they have attributes outside of an IPFS server. It is a server owned by that company. The Smart contract does not have attribute management methods or anything like that, so I understand that they have the properties defined in TokenURI Since it is your own server, couldn't you exchange my rare NFT valued at 3 ETH and make it a common NFT? Changing the Json referenced by TokenUri. Is this something common? I have seen that important collections do use IPFS for attributes since it is immutable submitted by /u/themesaul [link] [comments]
- Share Some Thoughts on the Value of NFT Artby /u/Soft_Plant9630 (NFT) on October 1, 2023 at 9:44 pm
When I first saw CryptoPunks, I was amazed by their prices. I thought, why is this thing worth so much money? Yes, it's unique because of blockchain technology, but is uniqueness alone enough to justify such high value? It's just a 24x24 pixel art, so why has it become a highly popular artwork? So, I did some research and gained a new understanding that I'd like to share with everyone. What qualifies as an artwork, and what characteristics should art possess? (From chatGPT) (1) Meaning and significance (2) Uniqueness and originality (3) Technique and skill (4) Reflection of society and culture. Then I wonder why is the Mona Lisa considered priceless? This painting has a rich history, created during the Renaissance and has undergone centuries of transformation. It was once collected by the French King Louis XIV and eventually became a part of the Louvre, accumulating a rich history and legend throughout the process. Returning to the NFT field, CryptoPunks, as one of the earliest NFT projects, represents the initial exploration of the digital assets space, prompting people to rethink digital collectibles. From a technological perspective, CryptoPunks fully exist on the blockchain, aligning more with the spirit of decentralization. Today, people are beginning to consider the way out of Web 2.0, and if Web3 or the metaverse proves to be the new era of the internet, these early NFT projects can be seen as symbols of the new era's beginning. Their significance, meaning, and social impact are self-evident. Here, I'll list a few more NFT artworks that have left a strong impression on me. "Everydays: The First 5000 Days". I don't know if it's really worth $69.3 million, but imagine an artist's decade-long daily creative effort represented by this piece; it has to mean something. Similarly, the milestone significance of the world's first SMS NFT, as an important footprint in human history, is something I believe no one can deny. It's entirely fitting for it to be preserved on the blockchain as NFT. Finally, there are some questions I'm still wondering, and I hope you can share your thoughts. For most ordinary people, we don't own significant things like "the first SMS" or "the first Tweet." But in the little moments of our lives, we have our own extraordinary moments, such as family reunions and reconnections with friends etc. As a full-stack engineer, maybe I should create an app to help ordinary people record important moments in their lives on the blockchain. submitted by /u/Soft_Plant9630 [link] [comments]
- Help me with nft offerby /u/matches_malone40 (NFT) on October 1, 2023 at 7:48 pm
Hi , im a small time artist , love to sketch artworks, someone contacted me to buy my sketches for quite great price , turns out person will converts these to nfts , So should i be vary , sell this person my work , is this scam or something I m not really that protective of my sketches in a sense , so i dont mind making few bucks , but does this sounds offer legitimate ? submitted by /u/matches_malone40 [link] [comments]
- NFT's are not dead but.....by /u/Odd_Philosopher_6605 (NFT) on October 1, 2023 at 5:04 pm
NFT's aren't dead but most of the communities are. Many of the communities are creating daily and some are getting closed. Many community members who promised for a long term bond left the space as they aren't able to make bucks. Make sure u are sticking with your community. Let me know, so I can also be the active member of it. Let's connect with each other in the comments👇 submitted by /u/Odd_Philosopher_6605 [link] [comments]
- Does Cyber Crew actually work?by /u/Hermes_Domain (NFT) on October 1, 2023 at 3:31 pm
I've seen some posts suggesting Cyber Crew is allowing people to use game items across titles, I'm not really seeing alot of clear info on this. If anyone here has used the service I was curious what the scope of it is right now? Can you actually bring assets you buy into games? How many games? submitted by /u/Hermes_Domain [link] [comments]
- Unlock the World of Music NFTs with "Tokenizing Tunes: The Complete Insightful Music NFT Handbook" 📚 [Book Link in Comments]by /u/Matthew--Musicals (NFT) on October 1, 2023 at 4:27 am
Hey fellow music enthusiasts and crypto aficionados! 🚀 I recently stumbled upon an incredible ebook that demystifies the world of Music NFTs, and I couldn't wait to share it with you all. 📘 Title: Tokenizing Tunes: The Complete Insightful Music NFT Handbook 🎶 What's Inside: Understanding Music NFTs Step-by-step Guide to Tokenizing Your Music Exclusive Interviews with NFT Music Pioneers Strategies for Artists, Collectors, and Investors and much more! Whether you're an artist looking to tokenize your work, a collector diving into the NFT music space, or just curious about the intersection of music and blockchain, this handbook covers it all. I've found it to be a game-changer in navigating the world of Music NFTs, and I can't recommend it enough. If you have any questions or want to discuss the contents, feel free to drop a comment below! Let's dive into the future of music together. 🎵🚀 submitted by /u/Matthew--Musicals [link] [comments]
- How do you define a bluechip?by /u/liamneeson1 (NFT) on October 1, 2023 at 2:22 am
In this X thread I attempt to objectively define bluechip criteria using a variety of data. Hope it helps! submitted by /u/liamneeson1 [link] [comments]
- Sport NFT Research -- take the survey !by /u/stella_zelda (NFT) on October 1, 2023 at 12:02 am
Hi everyone, I'm a Ph.D. student working on a project related to sport NFT products. If you have ever purchased any sport NFT product, you are welcome to join the study by completing the survey! You will help advance the knowledge in the sports industry! And you will also have a chance to win a $50 Amazon gift card! Here is the link to the survey: https://iu.co1.qualtrics.com/jfe/form/SV\_eyuhamjMBVVuLk2?Q\_CHL=social&Q\_SocialSource=reddit Thank you so much for your help! submitted by /u/stella_zelda [link] [comments]
- NFT are worthless 0$!!! Change my mind !by /u/na7oul (NFT) on September 30, 2023 at 4:37 pm
submitted by /u/na7oul [link] [comments]
- Moon Week 44by /u/MoonWeek (Cryptocurrency News & Discussion) on September 28, 2023 at 1:59 am
Hello everyone and welcome to Moon Week for round 44 of Moons! For more information about Moons, please see our wiki page here or the Community Points page by the admins here. Moon Week began with the snapshot post by the admins. The ratio is at least ~0.8316 and you can check out the post and comments to see an estimate of how many moons you'll be getting next Wednesday at the end of Moon Week. To give exposure to our governance polls for the month, this Moon Week post will remain pinned to the top of the subreddit until the distribution post next Wednesday. Please review the following important information first: If you can't see polls or vote, or have any other issue, try again later or from a different platform (different browser, app, mobile, or desktop). These glitches usually resolve themselves within a few hours, but let us know if it hasn't after a day or two. You can't change your vote so make sure you read the full post and discussions, and ask any questions you have before you vote. There are people wishing they voted differently every month and you have several days to vote so there is no need to rush it. CCIP-006 implemented a 5% bonus for voting in at least 1 poll, plus an additional 1.25% for each additional governance poll was implemented by CCIP-014 You will also get a special badge for a week after voting in a governance poll. These are visible in the reddit app and new.reddit on desktop. If you have voted and yours is not showing, you may need to enable it manually by clicking your badges and looking at the Achievements tab. Successful polls are implemented whenever the mods or admins have a chance to do it. Usually this is within days or weeks of the poll passing, but depends on workload, priorities, and complexity of implementation. You can look at implementation status on the CCIP list.. Updates Update all of your browsers and 7zip Governance polls requiring admin support are on hold until they are able to implement changes we request. We don't want to vote on things that won't be implemented in a reasonable amount of time. Governance Polls Here's your poll(s) for this round of Moons. You can view the full CCIP list here. It has moved from the wiki to a google doc. CCIP-074 - Adjustment on the AMA pricing CCIP-075 - Adjust front page topic limit to be in accordance with sub activity Thank you for reading and happy voting! submitted by /u/MoonWeek [link] [comments]