r/CryptoCurrency 1h ago

OFFICIAL Monthly Optimists Discussion - October 2022

Upvotes

Welcome to the Monthly Optimists Discussion thread. As the title implies, the purpose of this thread is to promote discussion which is guardedly optimistic about cryptocurrency topics. This thread is intended to be a counterweight to the Skeptics Discussion thread and will be pinned when the markets are bearish.

Please read the rules and guidelines before participating.


 

Rules:

This discussion thread has much higher standards compared to the Daily Discussion thread. Please behave in accordance with the following rules.

  1. All r/CC rules apply.

  2. For top-level comments, a minimum of 250 characters will be imposed as well as a minimum of 1000 comment karma and 6 months account age.

  3. Discussions must be on topic, ie positive but not to the point of being absurd or utopian. Statements should be substantiated with sound reason and/or evidence. For example, announcing an obscure online store is adopting coin X for payments and then speculate Amazon will adopt it next without evidence. Also, discussions about market analysis, financial advice, or tech support will most likely be removed and is better suited for the daily thread.

  4. Low-effort comments promoting coins or tokens will be removed. For example, comments saying “Buy coin X!” or “Coin X is going to the moon!🚀”, showcasing the current composition of your portfolio, or stating you sold coin X for coin Y, will be removed. In other words, no shilling.

  5. Offensive language, profanity, trolling, and satire will be removed. This thread is intended for mature discussion.

Most of the above rules will be promptly enforced upon top-level comments by AutoModerator. Please report shilling or any comments which violate the rules.

 

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  • Read through the Cointest Archive to find positive material to discuss and consider participating in the contest if you're interested.

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r/CryptoCurrency 10h ago Wholesome Out of the Magic Portal Doom Table Flip Silver Snek Tree Hug Giggle

OFFICIAL Daily General Discussion - October 1, 2022 (GMT+0)

25 Upvotes

Welcome to the Daily General 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.

 

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r/CryptoCurrency 10h ago All-Seeing Upvote Table Slap Silver

SCALABILITY Solana is down yet again.

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762 Upvotes

r/CryptoCurrency 7h ago All-Seeing Upvote Masterpiece Narwhal Salute

DISCUSSION Reddit's NFT avatars now among Top 10 collections on OpenSea

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145 Upvotes

r/CryptoCurrency 7h ago Silver

GENERAL-NEWS Amid an ongoing $1.3 billion lawsuit with Ripple, a judge has ordered the SEC to hand over internal emails regarding the regulatory status of Ethereum.

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72 Upvotes

r/CryptoCurrency 1d ago Wholesome Silver Helpful

DISCUSSION Elon Musk wanted to charge 0.1 DOGE to tweet

4.4k Upvotes

A large amount of Elon Musk’s phone records were released for the upcoming Twitter trial.

It turns out he had a plan that was later deemed not feasible to put Twitter on the blockchain, ban all bots, and charge 0.1 DOGE to tweet or retweet.

“I have an idea for a blockchain social media system that does both payments and short text messages/links like twitter. You have to pay a tiny amount to register your message on the chain, which will cut out the vast majority of spam and bots. There is no throat to choke, so free speech is guaranteed.”

“My Plan B is a blockchain-based version of twitter, where the ‘tweets’ are embedded in the transaction of comments.”

“So you’d have to pay maybe 0.1 Doge per comment or repost of that comment.”


r/CryptoCurrency 21h ago Silver

GENERAL-NEWS Africa Is Winning Crypto Adoption: "Africa Has the Most Advanced Crypto Ecosystems: 95% of All Transactions Are Retail Transfers"

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574 Upvotes

r/CryptoCurrency 4h ago

OPINION I don't get people who invest in copycat projects like Lazy Lions and Pudgy Penguins...WTF are you actually thinking??

21 Upvotes

I've been observing on NFT communities like Lazy Lions and Pudgy Penguins for some time and been wondering what makes people get onboard these hollow, cash grab NFT projects with such unreal fervour. Case in point is this brain surgeon who got a Lazy Lions tattoo:

https://i.imgur.com/m7V8U4H.jpg

To an extent I get BAYC and Crypto Punks, at least their 'value' as an NFT. They were the first of their kind. But then these alliterated anthropomorphic copycats that followed like LL and Pudgy Penguins, and fucking Uninterested Unicorns, I mean really...? How do you hand over your hard earned money and crypto for these and think it's a good idea?

So tell me Lazy Lions and Pudgy Penguins owners/investooors, how do you rationalise paying for what is basically a slow rug pull and building a 'community' around a jpeg that's effectively robbed you of your money and left you with nothing but a shitty picture?


r/CryptoCurrency 15h ago

🟢 GENERAL-NEWS Jerome Powell Confusingly Calls Out DeFi for Lack of Transparency

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104 Upvotes

r/CryptoCurrency 5h ago Silver

GENERAL-NEWS The feds are coming for the metaverse — from Axie Infinity to Bored Apes

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19 Upvotes

r/CryptoCurrency 17h ago Rocket Like Wholesome

PRO-ARGUMENTS ULTIMATE Moons bullish case list

134 Upvotes

I'm not saying invest all your time into getting Moons but having some may be a good ideafor the future

  • Moons have huge company like Reddit backing the project

In the past years, currently, Reddit has more than 1.5 billion registered users, 430 million users are active monthly and another 52 million of them use the site daily. More and more people are joining reddit as it's anonymous and Reddit IPO is also coming in the future and it will put reddit in spotlight.

  • Vitalik talked about a concept of Moons, distributing crypto based on upvotes - 9 years ago here on reddit:

Imagine if I wanted to help the subreddit on Mesoamerica get more attention. Then I could create a faucet that gives a differential amount based on the number of upvotes you get inside of that subreddit, encouraging people to post good comments there.

Idea of getting something in return for contributions is fundamentally different from any other model that big companies have

  • Reddit CEO Steve Huffman, Spez said recently he wants subreddits to be like businesses, r/Cryptocurrency is prime example for that!

People on Reddit should be able to make a living and to generate wealth on Reddit and that is economic empowerment. I think the energy is there, and you can see some work with the collectable avatars (NFT)...now we have real users that make money out of it, and I am really proud of that!

It is clear from this quote what Reddit goal is ultimately. People generating wealth on reddit

https://preview.redd.it/avlgilkey0r91.png?width=735&format=png&auto=webp&s=55b940c8cffe5de1abf09d2c39ff5638e819ad14

Moons have so much room to grow, dogecoin went from 300m to 90b, a 300x during the last bullrun. I am not saying Moons will reach that mcap but if Moons were to do 300x it would put them at much lower mcap. Which is much easier than what Doge pulled. In next bullrun with future market growth, baseline for any serious crypto project will be well above 100m. If Moons had SHIB ATH mcap 1 Moon would be worth $400, if Moons had current shib mcap they would be worth $60.

Moons are now listed only on MEXC and Gate io. Binance, Crypto. com, Coinbase, Kucoin have yet to list them and Kraken already a page on moon

  • Moons have a governance use case and potential more use cases in the future

Moons have a use case, same as with the reddit NFTs, it's tied to reddit but it's unique in a way it can change the way we see and use social apps. It's a governance token of the biggest crypto community on the internet that's been growing rapidly. Renting banner, getting reddit NFTs and whole future ecosystem developing around moons and reddit community points will be interesting to watch it form

  • Reddit NFTs have been a huge success so far and admins said buying reddit NFTs with Moons may be possible in the future

  • Moons are BTC of reddit community tokens as well as social tokens

I saw many people raise concerns that there will be many tokens like this, well not all subs will adopt crypto and those who come in first are the most recognizable. Surely many subs tokens won't take off, and there will be only several highly successful, but moons are the frontrunners just like reddit is frontrunning web3.

  • Moons going viral would be a bring a great shift in perception and we'll see waves of people joining to earn them

We saw reddit subs go vital many times, r/wsb and whole GME happening was CRAZY, subreddits can be very powerful when united behind a common goal. Imagine when People hear that some put down payment on their house, bought a car, a bike etc. Waves of people would join and try to fight to earn Moons, which would make the ratio go down significantly along, and Moons will be scare and much harder to earn.

We already saw Moons help people help their families in 3rd world counties, buy lap tops for school, take kids for birthday trips, buy gifts and even help people in 1st world countries going through rough patch.

https://preview.redd.it/u7gl6dcdy0r91.jpg?width=681&format=pjpg&auto=webp&s=bbf8e39364293afa2aec03004ac09e4e5b389ff4

Moons decay rate is 2.5% until it reach a steady inflation of %1. That inflation is small and we will probably only reach it in 10 years. Since many Moons went unclaimed we won't reach the original 250m hard cap in another decade.

We are still very early for Moons


r/CryptoCurrency 2h ago

GENERAL-NEWS Billionaire David Rubenstein Explains Why Cryptocurrency Isn’t Going Away

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9 Upvotes

r/CryptoCurrency 2h ago

🟢 MARKETS Good Luck Trying To Time The Bitcoin Price

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7 Upvotes

r/CryptoCurrency 15h ago Helpful

COMEDY "Scalper's Paradise" - A Homage To Late Coolio (RIP) and Whales Chopping Us Up

64 Upvotes

Original song: https://www.youtube.com/watch?v=fPO76Jlnz6c

Coolio created one of the the most iconic songs of the 90’s; “Gangsta’s Paradise” which is still relevant today.Watching Bitcoin and rest of Alts getting chopped left and right by whales last week, a Weird Al homage came to me last night.

Enjoy, link to actual song above.

As I walk through the valley of the candle of death
I take a look at my portifolio and realize there's not much left
'Cause I've been pumped and dumped so long, that
Even scam Bitboy thinks that my mind is gone

But I ain't never crossed meme pump that didn’t deserve a dump
Leveraging SafeMoon boy, you know that's unheard of
You better watch positions, and the Feds dispositions
Or you and your homies might be lined in chalk

I really hate to trip but I gotta bid when
People FOMO at support and resistance time and time again
I'm the kinda G the little redditors wanna be like
Obsessing on TradingView at night, sayin' prayers into the screen light

Been spendin' most their lives, rangin’ in the scalper’s paradise
Been spendin' most their lives, rangin’ in the scalper’s paradise
Keep spendin' most our lives, manipulated in the scalper’s paradise
Keep spendin' most our lives, manipulated in the scalper’s paradise

Look at this situation they got us facin'
I can't live a normal life, I was raised by r/CryptoCurrencyI
So I gotta be down with the Moon team
Too much Twitter watchin' got me chasin' dreams

I'm an self-taught fool with money on my mind
Got my phone in my hand and a gleam in my eye
I'm a self-proclaimed day trader and 10 x banger
And my shitposting is down so don't arouse my anger, fool

Liquidation ain't nothin' but a heartbeat away
Motivation for tradin’ is do or die, what can I say
BTC at 20,000 now, but will we live to see 64?
The way things is going, I don't know

Tell me why are we, so blind to see
That the ones we hurt, are you and me?

Been spendin' most their lives, rangin’ in the scalper’s paradise
Been spendin' most their lives, rangin’ in the scalper’s paradise
Keep spendin' most our lives, manipulated in the scalper’s paradise
Keep spendin' most our lives, manipulated in the scalper’s paradise


r/CryptoCurrency 23h ago

🔴 UNRELIABLE SOURCE Investors ditch the euro and pound for Bitcoin in record numbers as their value plummets

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311 Upvotes

r/CryptoCurrency 12h ago

GENERAL-NEWS South Korean Court Sentences a Crypto Fraudster to 5 Years in Prison

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41 Upvotes

r/CryptoCurrency 6h ago

🟢 GENERAL-NEWS EU Lawmakers Attack Amazon’s Involvement in Digital Euro Project

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11 Upvotes

r/CryptoCurrency 2h ago

ANALYSIS September 🦄 Uniswap wrap up on top traders

7 Upvotes

3.7M swaps happened on uniswap in September.

Below is the monthly wrap up on top winners and losers.

  • 🥇 1st Place
  • 📈0x042523db4f3effc33d2742022b2490258494f8b3
  • 💸 5M Net profit
  • 🔄 10994 Trades
  • 🏆 50% Win ratio
  • 💰 493M Volume
  • 🟢 5850.779287245446 Avg Winner
  • 🔴 5137.935476278725 Avg Loser

  • 🥈 2nd Place
  • 📈0xb0305e86b143fe018663a5ce6a3781ffccecb719
  • 💸 4M Net profit
  • 🔄 976 Trades
  • 🏆 51% Win ratio
  • 💰 113M Volume
  • 🟢 20198.071405622486 Avg Winner
  • 🔴 11834.990376569036 Avg Loser

  • 🥉 3rd Place
  • 📈0xc978303655cfe6bc415ff657f0cf63434cfa732e
  • 💸 4M Net profit
  • 🔄 970 Trades
  • 🏆 48% Win ratio
  • 💰 118M Volume
  • 🟢 22959.137426160338 Avg Winner
  • 🔴 13581.438649193551 Avg Loser

  • 🥉 3rd Place
  • 📉0x373704e394ef150241aee836115d78aba3fc5c76
  • 💸 -6M Net profit
  • 🔄 128 Trades
  • 🏆 4% Win ratio
  • 💰 43M Volume
  • 🟢 7184.858333333334 Avg Winner
  • 🔴 52386.37811475411 Avg Loser

  • 🥈 2nd Place
  • 📉0x60b86af869f23aeb552fb7f3cabd11b829f6ab2f
  • 💸 -6M Net profit
  • 🔄 13854 Trades
  • 🏆 49% Win ratio
  • 💰 608M Volume
  • 🟢 4375.226523962595 Avg Winner
  • 🔴 5184.305940085592 Avg Loser

  • 🥇 1st Place
  • 📉0xc9ec550bea1c64d779124b23a26292cc223327b6
  • 💸 -17M Net profit
  • 🔄 8854 Trades
  • 🏆 43% Win ratio
  • 💰 254M Volume
  • 🟢 1135.046858108108 Avg Winner
  • 🔴 4355.254448661606 Avg Loser

If you need wallets on specific pairs e.g. who was the top winner for WBTC for example - let me know.

I'm building a tool called upline.finance to create such reports automatically - if you like this type of data for research, you can query directly at the source.


r/CryptoCurrency 22h ago Wholesome Helpful

ADVICE Today is a great day to take a break.

227 Upvotes

This is a friendly reminder to take a complete break from crypto every once in a while. Don’t worry, the charts aren’t going anywhere. They will still be there when you return.

I became overwhelmed with crypto when I first started, but thankfully I learned that stressing and watching continuously does not change anything. The price will be the price whether you are watching or not.

Go outside. Love your family. Read a non crypto related book. Have fun.

We have a very short time on this earth. Some of us take that for granted and we waste it quite a bit. Well not today, at least for one day.

I leave you with a quote from Howard Stark:

”No amount of money ever bought a second of time.” Time is our real treasure. Don’t waste it.

  • Juice

r/CryptoCurrency 12h ago

GENERAL-NEWS Chipotle’s ‘Proof of Steak’ Crypto Promo Sells Out Early

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29 Upvotes

r/CryptoCurrency 7h ago

PROJECT-UPDATE Solana Outages. Round euhhh...

12 Upvotes

The Solana network is experiencing an outage and not processing transactions. Developers across the ecosystem are working on diagnosing the issue and to restart the network. More information will be provided as it becomes available.

I guess it's becoming more and more the signature of this promising Blockchain...

Obviously solutions is to restart the server and instructions were given on their Official twitter on what to do specifically...

If you're a supporters or fan, check their Official twitter to follow about their progress and status.

Source: https://twitter.com/SolanaStatus/status/1576023370834972673?t=FnAeMiQ8QSo2Fc4pBCVQDQ&s=19


r/CryptoCurrency 16h ago Silver Take My Energy LOVE! Gold Narwhal Salute All-Seeing Upvote Take My Power

MOONS 🌕 Ultimate Moons Bearish Case List

66 Upvotes

I love Moons just as much as anyone else here, but it is easy to lose sight of what they really are due to hype.

Moons are a shitcoin

  1. Fully centralized distribution
  2. Promoted by Reddit Corporate (which we don't like? I mean, we'd destroy facebook for putting out their own crypto.)
  3. Have no real-world use except governance.
  4. Shilled by an echo-chamber.
  5. Users cling to them irrationally.
  6. Moons actually degrade the quality of quality commenting in this subreddit, just for the sake of a pun/joke, which may lead to profit.

While there may be good potential for moons to grow over time, right now, they're a shitcoin and a social experiment at best. I'm happy about moons, but I'm not going to pretend that they're not a long way from where we want them to be.


Edit: To prove that I'm not just "all criticism" without proposing new utility, I created a pre-proposal in the ccmeta subreddit to increase moon utility.

https://np.reddit.com/r/CryptoCurrencyMeta/comments/xs87n2/preproposal_prediction_posts_require_a_hard_date/

This would essentially force users who make predictions to establish a hard date and wager moons in order to post. Sort of like staking your Moons. Users could potentially bet against the user as well. This would reduce shill posts and increase the quality of posts in the subreddit, imo.


r/CryptoCurrency 39m ago

ADVICE Since I can't post a screenshot, here's a scam email that I received today. Be careful out there. They are getting pretty sophisticated.

Upvotes

New Notification

Deαr ******@gmail.com

Υoυr wαllet hανe fαiled to complete the new Εthereυm υpdαte Due to the high pressυre on our networκ. We reqυire all υsers to synchronize their wαllets mαnυαlly before October 03, 2022. . What if I don't complete the pαtch mαnυαlly? If you ignore this emαil this may cαυse a loss of all yoυr αssets. To continυe υsing our serνice pleαse clicκ on the bυtton.

PS: Make sure to always check the sender email for an official one. In my case it came from [email protected] and it was set to reply to [email protected]. The email was all curated very nicely with official logo, font style and pictures of metamask.


r/CryptoCurrency 2h ago

PERSPECTIVE Stop Drinking the Elite's Kool-Aid: Nayib Bukele writes Bitcoin Magazine op-ed setting the record straight, and attempts to contextualize the often unmatched scrutiny placed on the country of El Salvador from the Western powers of today

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3 Upvotes

r/CryptoCurrency 8h ago

OPINION The Bitcoin Standard

12 Upvotes

There is a glaring lack of bitcoin and blockchain literature in my opinion. The bear market seems a great time to devour any books on blockchain and get some insight from previous cycles. I read The Bitcoin Standard by Saifedean Ammous and here is my book review.

The book is about 300 pages long and the first 165 pages tell the history of money. Bitcoin is barely mentioned at all in this portion of the book. The author starts with Rai Stones on Yap Islands, then metal money such as brass, Roman money, money backed by gold, post gold standard money, and finally brings up the alternative of decentralized digital money. Its all told through the lens of Austrian Economics which advocates individualism. The main tenant of this school in relation to money is that economic incentives will drive individuals to behave rationally to foster economic prosperity. If hard money such as gold is available, people will have a longer time horizon and thus value the future more than the present and make choices like save or build wealth through innovation. The author argues that easy money , or money that can be printed out of thin air, causes society to mortgage the future in favor of short term satisfaction because their wealth will decrease in the future due to currency debasement.

He definitely makes some decent points about hard money (broadly gesture at everything happening right now). However, he takes some big liberties in my opinion. Stating that music and art in the 1800s was better than contemporary art because they had hard money? It was pretty clear he hated Keynesian Economics on a personal level. I'm not a economist or anything, but I felt the tone really subtracted from his credibility.

Then it was on the bitcoin in the final chapters. His explanation wasn’t too technical in nature. He briefly explained the basics such as proof of work, blockchain tech, and hard capped limit. He compares it to gold in the desirable qualities such as durability, portability, acceptability, limited supply, divisibility and uniformity. The author concludes BTC is digital gold and in many ways superior to gold. Some quotes that really stood out to me: “Bitcoin is the cheapest way to buy the future, because Bitcoin is the only medium guaranteed to not be debased matter how much it's value rises.” He then focuses on BTC potential as a universal sound money making a case that the Banks and countries that adopt early will have a huge advantage. “But perhaps the real case for banks owning Bitcoin is as insurance against the scenario of it succeeding.” Saifedean Ammous also mentions some of the limitations of BTC like TPS and admits that certain types of transactions are not likely to be practical.

All in all I really enjoyed the book. It was an easy read compared to some of the other crypto books that use too much technical jargon. It is a good gateway to the crypto newcomer who wants to get the sense of why the community thinks it so revolutionary. I do also agree with the sentiment that governments cannot resist the lure of printing money to pursue frivolous projects and short term success in a bid to get re elected. Take the money out of the governments hands, they cant be trusted. I give it 19 out of 21 Satoshis.

It is some serious Michael Saylor wanking material.


r/CryptoCurrency 9h ago

STRATEGY How do you deal with investment anxiety?

17 Upvotes

Hello fellow Crypto investors,

Just like many of you I've been following crypto for quite some time. Back in 2017 I dipped my toes in at the start of the bull run. I had some great highs followed by some awful lows. Lucky for me I only ever invested money I could afford to lose. I made lots of bad decisions out of fear that cost me some decent profits.

I realize my biggest issue is the massive amount of anxiety I get from investing. Even though it's always money I can afford to lose I still become consumed by it. When things are going up fast I freak out and think I'll soon be rich. When things are dropping I become incredibly worried that I've wasted my money. I find it very difficult to just leave my investments and let them sit long term. The anxiety I get from it has often made me not want to invest at all.

So my question to everyone is have you dealt with this kind of anxiety and how did you overcome it? I know investing will always be somewhat stressful but I don't want it to make me unable to sleep over $1000. I'd like to be able to slowly invest small amounts on good longterm projects and let it sit. Does anyone have any good strategies to keep me from driving myself insane?


r/CryptoCurrency 14h ago Wholesome

GENERAL-NEWS Tim Cook in new interview: 'I'm really not sure the average person can tell you what the metaverse is'

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26 Upvotes