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Showing results for blockchain (see top commenters)

User: ImpossibleMachine3
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwnata/
Posted: November 26, 2022 18:25:52
Comment: I mean, blockchain enthusiasts pp0basically gives you a group of people who are gullible and have a lot of disposable income. It's like taking all the dumbest sheep and sticking them in a pasture with a pack of wolves.
User: AutoModerator
Link: /r/TimPool/comments/z5l75o/why_must_you_play_with_my_heat_with_such_malice/ixwn8sh/
Posted: November 26, 2022 18:25:25
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: porloscerros
Link: /r/merval/comments/z0v57r/criptomonedas_consultas_generales_diarias/ixwn3zg/
Posted: November 26, 2022 18:24:22
Comment: Este curso está piola, es más sobre la tecnología blockchain y no tanto sobre mercados, pero te va a dar una visión general https://www.coursera.org/learn/blockchain-espanol
User: anlskjdfiajelf
Link: /r/TheRightCantMeme/comments/z53u67/some_of_these_things_are_not_like_the_others/ixwmv25/
Posted: November 26, 2022 18:22:26
Comment: You can't leverage off btc on the actual blockchain and I don't take the incredibly secretive and reclusive Satoshi to go to a bank and point them at his wallet. Also there'd be no proof because he never transferred any btc so I have no reason to believe he's leveraged. You cannot leverage off native btc, only wrapped btc on another chain, unless you go to the bank and prove it's you (no transactions, no proof) and Satoshi wouldn't out who he is - he'd get murdered for his btc lmfao. Wild speculation with no proof, Satoshi is sadly probably dead at this point tbh. And sheesh he "makes a ponzi" to wait a decade+ to leverage his btc and never sell? That sounds unlikely and a horribly inefficient way to make a ponzi. Makes 0 sense for so many reasons but you'll twist yourself trying to find a way how btc is a ponzi when Satoshi hasn't made anything from it and we don't even know who he is, so no fame either.
User: LegendaryPaw
Link: /r/NFTsMarketplace/comments/z5l42l/blockchain_bf_sale_lottery_november_24_2022/ixwmsog/
Posted: November 26, 2022 18:21:55
Comment: Blockchain BF Sale & Lottery🍀 November 24, 2022 - December 25, 2022🎁 Discover More: [linktr.ee/legendarypaw](https://linktr.ee/legendarypaw) Petaverse, Crypto, NFTs, blockchain ecosystem. ​ \#NFTprojects #opensea #nftcollection #blockchain #legendarypaw #pawtoken #crypto #staking #wealthsharing #investing
User: MrNaif2019
Link: /r/Monero/comments/z5eggu/opensource_selfhosted_payment_processor_bitcartcc/ixwmso5/
Posted: November 26, 2022 18:21:55
Comment: Well, no. But for payment processing purposes we parse blockchain live, i.e. block by block we fetch all transactions Having secret viewkeys of transactions we are able to identify outputs, then if it matches one of loaded wallets, we trigger needed events cryptography is done client-side, yes
User: mork0rk
Link: /r/SubredditDrama/comments/z57nmx/mild_drama_around_people_copying_a_popular/ixwmf7s/
Posted: November 26, 2022 18:18:59
Comment: I mean blockchain and subsequent technologies are really cool as well but have been completely overrun by the crypto and NFT scene which have a myriad of problems associated with them.
User: AutoModerator
Link: /r/TimPool/comments/z5l0c6/lydia_memes_on_twitter_are_making_my_day/ixwm6ly/
Posted: November 26, 2022 18:17:03
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: TobaccoIsRadioactive
Link: /r/masterhacker/comments/z5hurj/elons_quantum_phone_cant_be_hacked/ixwlql3/
Posted: November 26, 2022 18:13:30
Comment: During the Twitter lawsuit a bunch of Musk’s text messages were made public as a part of the evidence. One of the things Musk had contemplated was taking Twitter onto a blockchain for some reason.
User: Citizenshoop PIXY|I-DLE|PURPLE KISS|MAMAMOO
Link: /r/kpop/comments/z5em15/triples_have_shared_that_they_plan_to_debut_a/ixwlnvr/
Posted: November 26, 2022 18:12:55
Comment: Honestly I'm not a big fan of most NFT ideas but if you ignore all the technical "blah blah blah blockchain" parts of it, their implementation is really no different from sticking a QR code on your photocards so you can use it to vote for stuff. As far as I can tell there's no real speculation or marketplace aspects to it so it seems like they're using the technology in a practical way instead of selling people any false promises like NFTs usually do.
User: Decentrabro2000
Link: /r/Crypto_General/comments/z1r0z9/is_there_a_future_for_web3_nfts_and_metaverse_in/ixwlmkw/
Posted: November 26, 2022 18:12:39
Comment: >here's no future for NFTs, blockchain games and metaverse I completely agree regarding the user adopton, but: A Metaverse does not have to use any of the web3 "technology" (...its also more like 20%tech and 80% mindset), and NFTs can also exist without even mentioning web3.
User: Blacksun388
Link: /r/masterhacker/comments/z5hurj/elons_quantum_phone_cant_be_hacked/ixwlkd8/
Posted: November 26, 2022 18:12:10
Comment: “It’s on the blockchain so it can’t be rigged or hacked.” Jfc what even?
User: tantrumizer
Link: /r/cscareerquestionsEU/comments/z5b5t4/my_future_is_in_your_hands/ixwkp72/
Posted: November 26, 2022 18:05:26
Comment: Just forget blockchain.
User: UBCThrowawayer
Link: /r/HouseOfTheDragon/comments/z5i685/olivia_cooke_admits_aemond_is_a_horrible_person/ixwkmak/
Posted: November 26, 2022 18:04:49
Comment: >i've literally seen multiple people say he would be a good king **bc he claims to study history and philosophy!** When you were partying , I studied **The Blade**. When you were having premarital sex, I mastered **The Blockchain**. While you wasted your days at the gym in pursuit of vanity , I cultivated **Inner Strength** . And now that the world is on fire and the barbarians are at the gate you have the audacity to come to me for help?
User: imod87 Bronze | QC: ALGO 16
Link: /r/CryptoCurrency/comments/z5kgba/why_is_decentralized_better/ixwkkto/
Posted: November 26, 2022 18:04:30
Comment: Its the age old question about the dualism of altruism and corruption - a benevolent king is great, but how to ensure he doesn't become corrupted by power, how to ensure he doesn't fall into the pits of human nature? The blockchain eliminates the human element, making it incorruptible (ideally) by way of its characteristics. The currency is just the incentive to secure the network - quite genius if you ask me. Leveraging capitalist ideas into a transparent, decentralised framework should bring a cure to the illnesses of centralized capitalism (of which there way to many).
User: EconArch
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwkgbp/
Posted: November 26, 2022 18:03:29
Comment: I don't normally comment here since I'm not a programmer but I'm happy to see someone else thinking of the idea of blockchain votes making it impossible to rig elections. But since my knowledge is limited I'd be very interested in what experts would say on the subject.
User: bad-crypto-advice Don’t do the opposite of what I say.
Link: /r/CryptoCurrency/comments/z5kgba/why_is_decentralized_better/ixwkeic/
Posted: November 26, 2022 18:03:05
Comment: SOL is the crypto dream! Just think! The devs can shut it down to prevent hacks and errors on the blockchain. I want my crypto in the hands of an enlightened few who will take me with them to fame and fortune. This is why I also recommend Doge to new crypto investors. Elon will take us there.
User: FaceDeer
Link: /r/StableDiffusion/comments/z51gbs/this_subreddit_is_being_willfully_ignorant_about/ixwk3rk/
Posted: November 26, 2022 18:00:45
Comment: Hardly. There are many applications for private transactions other than money laundering. If I wanted to buy a big fat dildo from Bad Dragon, why should my transaction be sitting out there on the blockchain for all my friends and family to see? If I wanted to donate to a politically sensitive charity, why should my oppositely-politically-aligned boss be able to poke around and make note of that?
User: atavisticbeast
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwk3f4/
Posted: November 26, 2022 18:00:40
Comment: I'm not sure the specific details, but what I do know is the Blockchain technology is unhackable. Just look how there have been zero major hacks or scams in the crypto world.
User: RazekDPP
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwjmz1/
Posted: November 26, 2022 17:57:07
Comment: It can't. The point that's misused is as a distributed network it's harder to hack the blockchain, but it also isn't impossible. Look at the first Ethereum DAO. However, a hack targeting a blockchain powered phone would be to steal your encryption private key. The issue is if your encryption private key is compromised, the blockchain would be like yep, that's Secure\_Cash\_8415, regardless if it actually is you.
User: AlphaWizard
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwjdg9/
Posted: November 26, 2022 17:55:03
Comment: I like to picture blockchain in a Tuxedo T-shirt, ’cause it says, like, ‘I wanna be formal, but I’m here to party, too.’ I like to party, so I like my blockchain to party…. I like to think of blockchain like, with giant eagles’ wings and singin’ lead vocals for Lynyrd Skynyrd with like an Angel Band, and I’m in the front row, and I’m hammered drunk
User: irrelevant_post_bot :nash: John Nash
Link: /r/neoliberal/comments/z50u41/discussion_thread/ixwj6z9/
Posted: November 26, 2022 17:53:39
Comment: >Yes. Tesla phones will be Quantum. We will be using them to vote for policy, not people, and it will work on the blockchain so it can’t be rigged or hacked. 100% decentralized. Including banking. No more federal reserve & much more. Power to the people. @elonmusk So true!
User: GCW1111
Link: /r/u_GCW1111/comments/z5kfix/დაძაბული_ფინალი_გამოდგა_ორივე_მონაწილემ_ზუსტად/ixwj2b0/
Posted: November 26, 2022 17:52:40
Comment: მესამე ადგილი კი ისევ ვაკანტურია. ხვალ მთელი დღის განმავლობაში გექნებათ შანსი რომ უფასოდ დაეუფლოთ 1 BNB ის ღირებულების ჯისივაინ ტოკენებს. პირველ ათ მოთამაშეს კი რომელმაც მესამე ლოკაცია უკვე იპოვა ან იპოვის ხვალ, გადავცემთ ჩვენს სტიკერებს. პირველი მინიშნების სანახავად დაასკანერეთ ამ პოსტში მოცემული QR კოდი. ფოტოებზე კი ჩვენი გამარჯვებულები არიან. \#GCW #GeorgianICO #GCWineGCW #GCWine #FirstGeorgianICO #FinTech #winemaker #DeFi #blockchain #კრიპტოგათამაშება
User: mansonn666 🎮 Power to the Players 🛑
Link: /r/Superstonk/comments/z5gkbb/cyber_monday_hype_hype/ixwiyo5/
Posted: November 26, 2022 17:51:53
Comment: CyberCrew is so good. I’m young but not too young. In terms of gaming and technology CyberCrew is promising some crazy stuff that might actually be possible with blockchain; so far they’ve delivered and continue to do so but I am looking forward to the day Kiraverse is launched and I can use my clone in game. Even closer is the website launch for CyberCrew which will give you access to the files your clones are supposed to come with, allowing them to be edited to your specifications.
User: XRay2212xray
Link: /r/NoStupidQuestions/comments/z5ja7t/is_there_a_way_to_get_paid_electronically/ixwivo1/
Posted: November 26, 2022 17:51:15
Comment: For crypto, you have a wallet ID you use. As I understand it, all transactions in crypto are recorded in a blockchain so technically anyone can see transactions in/out of a wallet but who owns the wallet is anonymous. However, take anonymous with a grain of salt. Having crypto does no good unless you buy things with it or cash it out. Increasingly goverments are requiring crypto exchanges to identify the customer so turning it into cash or cash into crypto is becoming less anonymous. If you buy/sell stuff instead, usually there would be real world trails such as where the item was shipped etc. So if the govt wants to track the owner of a wallet down and gets a warrent, they probably can. As for getting paid, if its a regular job they will be forwarding your payment info to the irs unless they are paying you illegally.
User: Mr_Objectifier
Link: /r/ethfinance/comments/z4zqum/daily_general_discussion_november_26_2022/ixwir35/
Posted: November 26, 2022 17:50:17
Comment: I agree, issuance is definitely harder now. Even if one were to buy a $1000 mining rig, the odds of one earning enough to cover the costs is lower. That is to say, like owning 32 ETH, one would have to use larger capital to make meaningful profit from either POW or POS. But if the barrier of entry is high for a blockchain, does that mean the block chain is successful?—because the higher the barrier of entry, I suspect there won't be as much ETH adopters than there should have been. Thank you for your time.
User: spritefire Silver | QC: CC 147, DOGE 82, ETH 17 | TRX 28 | r/WSB 26
Link: /r/CryptoCurrency/comments/z4xe7c/we_should_push_for_youtubers_like_bitboy_to_have/ixwimd2/
Posted: November 26, 2022 17:49:16
Comment: Except the blockchain is a public ledger where every transaction is made publically available. This was to promote transparency in corporations and to prevent shady backdoor dealings like congressmen accepting bribes.
User: ninuchis
Link: /r/merval/comments/z5d0vy/ayuda_con_transferencia_a_tw/ixwhuqa/
Posted: November 26, 2022 17:43:16
Comment: Ya esta, para eso es la blockchain para que no haya terceros que puedan intervenir, la bsc es muy centralizada pero no por eso van a hacer un rollback porque un tipo perdio guita
User: WallyTheHexStaker
Link: /r/Pulsechain/comments/z4voan/does_anyone_else_feel_like_our_lord_rh_is_going/ixwhmiv/
Posted: November 26, 2022 17:41:28
Comment: I do not. I sacrificed with full dedication. And I will wait until it’s ready. RH isn’t in it for the cash, he’s in it for the glory. I can understand the frustration and I also totally dislike the outrage marketing, but hey - it DOES work. I just don’t like it, in fact it makes me puke sometimes. But you shouldn’t fear something you simply don’t understand. It DOES work. It gets engagement and stakers are growing every day. As long as that number keeps getting up -which it will- your stakes are just fine, even in this -95% bear market. I’m totally not worried. Do I like the delays… no. But I also wouldn’t have liked to launch and start with an immediate sell off. Nobody’s benefiting from that. I am sure, definitely with current scams going on like with Celsius, FTX, hacks and the Genesis situation that we desperately need this blockchain. It could save everything. And that makes it a super product. Be glad you invested… ehh sacrificed. PLS/PLSX will come and all the haters, yet again, will be proven wrong. That’s the last time they can FUD anyway as never anything bad will have happened and you cannot keep FUDding like that. After all, RH has been right 99% - That is just fantastic and should be congratulated.
User: mattewwilsonn
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwhacm/
Posted: November 26, 2022 17:38:48
Comment: oh yes blockchain... blockchain everywhere
User: time_to_reset
Link: /r/news/comments/z4fus7/binance_deploys_1_billion_to_keep_crypto_industry/ixwh840/
Posted: November 26, 2022 17:38:18
Comment: Yup, so you're putting all your faith in the US government and its banking system. That's ok, I understand why that gives you a high level of confidence. Although, Russians who had their bank accounts seized might feel differently. Sure, you might feel the US government was justified in taking their money, but it does show that your money is only yours because the government allows you to have it. What if they change their mind in the future? All that is needed to take everything you have is to convince a judge that your assets should be seized or frozen. Far fetched? Maybe, but there's been plenty of people that have been in prison for decades, even people that have been executed, where it turned out later that they were actually innocent. You might also enjoy reading about civil forfeiture. Are you still that confident that your money is completely safe in the bank? Maybe you are, but there's lots more countries and currencies in the world than the US and the US dollar. Do you think people in Afghanistan felt that confident that their money was safe in the bank when the Taliban took over? Bitcoin doesn't have insurance because it doesn't need it. There is no government and no banks. As long as people use Bitcoin, the Bitcoin blockchain exists, and Bitcoins can be traded. Nobody can come in and say "well, this is mine now".
User: biketourthrowaway
Link: /r/ethfinance/comments/z4zqum/daily_general_discussion_november_26_2022/ixwgrff/
Posted: November 26, 2022 17:34:43
Comment: The trick will be to ensure that the method by which you are tokenizing the asset is legally compliant in the first place. Just like going from paper to digital record keeping - the government won’t care what you’re doing as long as you are operating with it their legal framework. I follow a project that it working around tokenized securities for the EU markets, and they have built their tech stack from the ground up to be compliant with EU securities regulation. I’m doing so they are no different than any other technology provider and just have to compete on service alone. The problem with lots of blockchain projects is that they are building their product without clear plans for how they will meet the existing regulations. They may build cool stuff, but they are basically banking on laws changing to their benefit which feels unlikely, especially when there are dark horse projects putting in the work to figure out how to be compliant in the first place.
User: melpomenes-clevage
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwgls2/
Posted: November 26, 2022 17:33:28
Comment: Just need to virtualize all hardware on the Blockchain so it's totally secure.
User: Crom-Miami SafeMoon Astronaut 🚀
Link: /r/SafeMoon/comments/z5g4n4/does_the_community_even_want_oribtal_shield/ixwgi8b/
Posted: November 26, 2022 17:32:42
Comment: Please start txting on twitter .... Wen Exchange? Wen Blockchain? They need to keep us informed!
User: melpomenes-clevage
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwghmp/
Posted: November 26, 2022 17:32:34
Comment: None of that means shit if the hardware isn't 100% virtualized on the Blockchain.
User: melpomenes-clevage
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwg8uw/
Posted: November 26, 2022 17:30:38
Comment: And also, we need to put our hardware on the Blockchain! And our operating systems!
User: Darkdoomwewew
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwg4as/
Posted: November 26, 2022 17:29:38
Comment: > blockchain can't be rigged or hacked Except all those existing attacks lmao, now I'm having visions of billionaires buying millions of muskphones so they can 51% attack policy decisions, gotta be way more efficient than bribing people with lobbyists! Really though, whose buzz word order generation bot is in op?
User: szczszqweqwe
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwfu5m/
Posted: November 26, 2022 17:27:23
Comment: He sounds like a client who thinks he knows what he is talking about, the type of guy who wants website frontent in java, and don't even knows js exists. ​ Calling nonquantum things quantum is edgy and stupid, I hate those things with passion. Apart from that: \- normal people voting on policies is stupid- normal people don't have time to analyze and discuss policies \- blockchain & decentalized things can still be hacked, it's just more difficult \- including banking, I don't know what he means in this contest, blockchain banking? \- no federal reserve, so: YOLO THE ECONOMY
User: JB-from-ATL
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwfjya/
Posted: November 26, 2022 17:25:09
Comment: Wow, it can't be hacked because of the block chain! Wow! I'm sure glad there's never been anything hacked on the block chain. Not just wallets, but distributed apps haven't ever and will never be hacked! Also it's super decentralized so if there is a hack it's not like they would fork the Blockchain to undo the hack.
User: Cadaur Salaryman
Link: /r/csMajors/comments/z52t09/anyone_know_good_resources_to_learn_blockchain/ixwf7cw/
Posted: November 26, 2022 17:22:25
Comment: If you want more fundamental blockchain knowledge and don't really know anything, then yeah, read a book or watch decent videos on it.
User: cosnoid
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwezwi/
Posted: November 26, 2022 17:20:50
Comment: Well, he could use AI-based blockchain quanta. These would enable multi-threaded decision trees. Combine this with cyber-truck style bullet proof glass plus a Tesla bioweapon filter ([almost as effective as a 2010 Mazda](https://particlecounting.tumblr.com/post/168664189851/tesla-mazda/amp)) and you got the perfect Elon shyster buzzwords.
User: Shifter25
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwewx3/
Posted: November 26, 2022 17:20:11
Comment: If anything, from my understanding the blockchain makes some forms of hacking *worse*, because if they trick you into giving you their password, that's just as legitimate to the blockchain as any other transaction.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5jeqy/irs_warns_taxpayers_about_new_600_threshold_for/ixweb0d/
Posted: November 26, 2022 17:15:22
Comment: #Regulation Con-Arguments Below is an argument written by noxtrifle which won 1st place in the Regulation Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Government regulation generally refers to the degree of control that government have over something, and in this case, cryptocurrencies. Various countries around the world have mixed regulatory perspectives on cryptocurrencies, and as such have restricted whether its citizens can trade, purchase, or mine cryptocurrencies. However, this restriction of cryptocurrency adoption is not beneficial for investors and companies for several reasons: > > * **Price** > * One of the most obvious arguments against government regulation is that it will inevitably cause crypto prices to decrease, as seen when China announced (several times) its cryptocurrency bans. > * **Sacrifice of Purpose** > * The widespread implementation of government regulations [naturally bring them into the industry](https://amt-lab.org/blog/2022/3/risks-and-regulations-the-good-the-bad-and-the-ugly-of-crypto-space), which goes against the fundamental nature of cryptocurrencies as a means of transacting pseudonymously without regulatory oversight. > * If this purpose is sacrificed in pursuit of a safer space, there may very well be no space left to make safer; as most investors would pull out of cryptocurrencies because there will remain no purpose to stay invested. > * **Banking Restrictions** > * In the worst case scenario where regulation deems cryptocurrencies illegal, third-party providers may be hesitant to provide services such as bank accounts or exchanges if the government is refusing to recognize cryptocurrencies as legal tender. Without these services, investors are unable to easily withdraw or deposit their funds. > * **Reduction in Product Offerings** > * Continuing the worst-case scenario, in a world where tech companies, banks and startups are looking for ways to utilize blockchain technologies, government regulation will force them to alter their products and services in order to continue operating within jurisdictions that have banned cryptocurrency adoption. > * By narrowing down the array of investment options, the flexibility of blockchain technology will be reduced significantly. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl9o/general_concepts_government_regulation/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_government_regulation) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: Jaydee8652 :Faction_MCRN_1::Faction_MCRN_2::Faction_MCRN_3:
Link: /r/TheExpanse/comments/z1pdt7/millers_junk_drawer_s1e7/ixwe9zk/
Posted: November 26, 2022 17:15:09
Comment: Line Goes Up in general was freaky, the idea that very personal info could end up on the Blockchain is horrifying.
User: KahlessAndMolor Tin
Link: /r/CryptoCurrency/comments/z58m24/what_was_your_biggest_loss_in_crypto/ixwe7yp/
Posted: November 26, 2022 17:14:43
Comment: Bought 100 shares of the blockchain ETF BKCH at $22.50. Watched it rocket up to like $45 in 3 weeks. Since then it has declined to like $4.75, sitting at about -85% overall return right now. I'm not selling. Going down with the ship.
User: biffbobfred
Link: /r/Buttcoin/comments/z5ggle/ackman_on_the_utility_of_crypto_and_blockchain/ixwdttp/
Posted: November 26, 2022 17:11:38
Comment: I’m so flabbergasted at this specific phrase I don’t have snark for it: > blockchain provides public proof Even going back to MtGOX, much less the carnage in the last month or so, blockchain didn’t do shit. Is anyone with money lost on FTX “why I got wiped to zero but at least I got hosed on a decentralized token!!!!”
User: Gagarin1961 :js:
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwdlyq/
Posted: November 26, 2022 17:09:57
Comment: > Voting on policy instead of people is a great idea I can get behind. Referendums to determine policy is just good politics. But we can do this with “Web 2.0” – we just choose not to. Not sure if people would trust a vote that took place over a centralized system. I know I have my doubts about the “Bring back Trump” vote being legitimate. It takes something similar to a blockchain to guarantee the final results are not just made up by whoever is hosting the voting.
User: brzzcode
Link: /r/PS5/comments/z4l09g/square_and_enix_joined_forces_20_years_ago_today/ixwdl0n/
Posted: November 26, 2022 17:09:44
Comment: Only thing I have to complain about them is blockchain, otherwise I have been generally satisfied with their jp output on the last years
User: blazera
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwdjp9/
Posted: November 26, 2022 17:09:28
Comment: the whole point of blockchain is being decentralized
User: Gitk-ghost
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwdfgx/
Posted: November 26, 2022 17:08:32
Comment: Sigh. Look I like blockchain, but quantum tech is a bit off yeah? And voting by the people on policies is an excellent thing. As is doing away with \*most\* political offices, including congress, the supreme court, and the presidency. But its process to get there, yes? Not something elon can do. ROFL.
User: d13co
Link: /r/AlgorandOfficial/comments/z5iapl/introducing_cupstakes_world_cup_lottery/ixwd3le/
Posted: November 26, 2022 17:05:56
Comment: ## Trust Partners AKA 5/8 multisig holders D13.co//ective CupStakes Developers & operators Address: d13collective.algo Twitter: @D13_co --- Fred Estante [1] Head of Product Marketing, Algorand Foundation Address: fredestante.algo Twitter: @FredEstante --- Nullun [1] Developer Relations, Algorand Inc Address: nullun.algo Twitter: @nullun --- Choppa [1] Core community manager, Pact.fi Address: choppa.algo Twitter: @CHOPPAtheSHARK --- Zeus.algo Father of the NFT Collector Gods Address: zeus.algo Twitter: @zeus_algo --- LeavemeaGnome Creator of Orbital Gnome Strikers, Largest NFT Holder on Algorand Address: gnome.algo Twitter: @LeavemeaGnome --- SaxoSays Blockchain Consultant, Founder of TheHouseofFUD.Com Address: saxosays.algo Twitter: @SaysSaxo --- Farzan Akhtar Blockchain and Beyond podcast host Address: farzan.algo Twitter: @FarzanAkhtar1 --- **[1] Participating as individuals; not an endorsement by the Algorand Foundation, Algorand inc or Pact.fi**
User: kiwithebun
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwcw4j/
Posted: November 26, 2022 17:04:19
Comment: No, it’s data-driven cloud based blockchain AI quantum computing
User: CointestMod
Link: /r/CryptoCurrency/comments/z5j398/lets_talk_about_moons_at_what_price_would_you/ixwcecv/
Posted: November 26, 2022 17:00:27
Comment: #Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: SmoothGoing
Link: /r/Bitcoin/comments/z5iaf8/is_it_possible_to_store_bitcoin_in_a_qr_code/ixwcb7l/
Posted: November 26, 2022 16:59:48
Comment: Bitcoin is always on the blockchain. Wallets hold keys never coins. QR code just represents a scannable string of text. It could be an address or a key. Private key for an address is required to sign a transaction and spend bitcoins. QR codes aren't private so that's no good. Anyone can take the coins and give you back worthless paper voucher.
User: jackietreehorn2022
Link: /r/antiwork/comments/z444uv/the_need_is_not_for_new_depression_drugs_but/ixwc8o6/
Posted: November 26, 2022 16:59:15
Comment: Bitcoin isn’t tangible. Then again, neither is 97% of the USD in circulation – they are virtual/online transactions. And physical USD (and all other currencies) are going away within the decade – the Federal Reserve has already telegraphed this clearly and we will have a Central Bank Digital Currency by 2030, you can count on it. When people wake up to just how dystopian that future is, they will flee in even greater numbers in search of a safe-haven for their wealth. You're correct, you don’t physically carry your bitcoin anywhere. Your private keys ARE your bitcoin as your bitcoin is an unspent transaction (UTXO) on the blockchain that only you can control through your private keys. This is how literally billions of USD worth of bitcoin can be settled at the base layer in a matter of minutes in a singular transaction – completely trustless and without any need for permission from a 3rd party. It is base layer money that is unlike anything else. These are characteristics and attributes that allowed, for example, Ukrainians and Russians alike, who wanted NOTHING to do with the current war and were fleeing conflicted regions for their lives, to store some or all of their net worth on the block chain and recover it once they arrived in safety. That's just an example. I hear what you’re saying about “what happens if the grid goes down.” But if that happens then 1) we have much bigger problems then being able to engage in traditional commerce and you’ll want things like food, water, petrol, guns and ammo, and 2) the rest of the traditional financial system is equally susceptible to the same threat. Up until the emergence of Bitcoin, ALL money could corrupt and is corruptible. But because Bitcoin has a fixed supply, a public and fully transparent ledger and protocol, it is completely out of the control of any central government or coordinated group of governments, and is in the hands of the people and the bitcoin nodes who are becoming increasingly decentralized every single day, Bitcoin can NOT be corrupted. People can try to build layers upon the bitcoin protocol or engage in parasitic business practices that mirror the traditional banking sector (e.g. FTX and all other non-Bitcoin $hit coins) – but again all of those are parasitic TO Bitcoin and do not have any influence on the Bitcoin base layer and or protocol – i.e. Bitcoin doesn’t care and it will continue doing its thing no matter what. The recent FTX and “crypto” collapse is the best thing to happen to Bitcoin yet – as people are starting to wake up and realize that there is only one, true, decentralized, digital, trustless, peer to peer payment system and that there is nothing else like it and because of the way it was released to the world there is unlikely to ever BE anything else like it - it's value will only increase with time and continued adoption. In the short term, the BTC price in USD terms will go down. But people who have invested the time in understanding Bitcoin don’t care about that. The “price” of Bitcoin in USD has no upper limit because the collapse of the value of the USD has no lower limit. X/0 = undefined.
User: Mr_Bob_Ferguson Platinum | QC: CC 269
Link: /r/CryptoCurrency/comments/z5ipnj/telegram_repossesses_usernames_so_they_can_sell/ixwbyph/
Posted: November 26, 2022 16:57:09
Comment: Noting that the linked article is from 5 November: >In August, the popular messaging app Telegram started repossessing some desirable usernames that were already being used. Shortly afterwards, Telegram founder Pavel Durov explained that he had been impressed by a quarter-million-dollar domain sale by the TON blockchain domain project, and wrote, "Let's see if we can add a little bit of Web 3.0 to Telegram in the coming weeks." > >Telegram later introduced some of the repossessed usernames for sale as pricey NFTs on their new "collectible usernames" market, dubbed Fragment. Although Durov had claimed that "70% of all Telegram usernames had been reserved in inactive channels by cybersquatters from Iran", and that the only usernames that were "withdrawn" had been out of use, users were given no warning or option to keep their names. Sounds scummy at a glance, but comes down to if the these were really all inactive as claimed.
User: dankmemerboi86
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwbv6a/
Posted: November 26, 2022 16:56:24
Comment: Rookie mistake. The blockchain is only decentralized if the triquantum electric XZ-13 Tesla coil is disabled. He needs to add Xenon to electric fuel pipeline for that, and at that point it’s just more efficient to use a Dynamic wavefunction collapse, or an Einstein Bose condensate generator.
User: GearheadGaming
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwapd1/
Posted: November 26, 2022 16:47:30
Comment: He's a thought leader whose core synergies are pivoting, brand purpose, thinking outside of the box, and engagement. We can table the details for now, circle back when we have more bandwidth-- what's important today is that we leverage our agile cloud to develop a MVP in the mobile quantum decentralized blockchain space.
User: LittleShopping1240
Link: /r/BSCMoonShots/comments/z4z7fn/qatar_2022_token_fwc/ixwaopv/
Posted: November 26, 2022 16:47:22
Comment: What attracted me to research more on FWC was when Qatar 2022 Token spiked as much as 3,130 percent in short period of time few months ago and the team integrating China Blockchain and NFT technologies for a better collective customer experience gave me Maximum conviction to hold for long term. Thank you for giving me this information (MEXC Event) , I will definitely check it out .
User: AineLasagna
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixwaiay/
Posted: November 26, 2022 16:46:03
Comment: Uh perhaps you misread, it’s literally on the blockchain* which means it can’t be hacked ^(*”blockchain” in this context means whatever the person saying it is imagining in their heads. When I say blockchain, I like to imagine a unicorn frolicking in a field of flowers)
User: Maleficent_Plankton
Link: /r/CointestOfficial/comments/x5muky/general_concepts_scarcity_tokenomics_conarguments/ixwafgj/
Posted: November 26, 2022 16:45:27
Comment: ##**The meaning of scarcity** There are 3 main concepts related to scarcity in crypto: * **Max supply**: the total tokens that will ever be minted * **Total supply**: max supply minus removed tokens (usually from burning) * **Circulating supply**: the current minted supply that's usable The more I study **scarcity** across all cryptocurrencies and tokens, the more I believe it's an idea used to create false narratives to mislead uneducated retail investors. Scarcity and max supply are so easily-manipulated to create price movement, which can then be used in rug pulls, both slow and fast. When you release a token with scarcity (i.e. max supply), retail thinks that they can hold onto it, and eventually the circulating supply will hit the cap, making it a good investment. **They don't realize that often the founders and VCs don't stick around that long, and that projects with max supplies can still be highly-inflationary for many years**. Founders and early backers often sell well before the token hits the cap while the token is still inflationary, and they use retail as exit liquidity. What's truly important isn't scarcity but **utility.** ##**Problems with Max Supply** ####**A decline of rewards and subsidies** Nearly every native blockchain cryptocurrency has a mechanism to reward those contributing to the security (known as the security budget) and the ecosystem (foundation rewards, DeFi developer rewards, staking rewards, governance rewards). These rewards are often paid either with a pre-mined rewards pool or from a block subsidy through inflation. Without inflation, these rewards will eventually go away and need to be funded through other mechanisms like transaction fees. When there's a supply cap, the rewards pool or rewards subidy used for paying miners, validators, and stakers will slowly disappear. Everything will eventually need to be paid by transaction fees once the cap is reached. If you look at [revenue fee streams from TokenTerminal](https://tokenterminal.com/terminal/metrics/fees), the only blockchain projects that have high-enough fees to pay for the cost of running it are BSC, Ethereum, and Polygon PoS. They all use a version of EIP-1559, which burns a portion of the transaction fees. **Bitcoin**: Currently, revenue from the transaction fees are only [1-5% of the block rewards](https://bitinfocharts.com/comparison/bitcoin-fee_to_reward.html). Thus, when the block subsidy decreases by 99.99% in 50 years through halvings, transaction fees would need to increase by 20-50x to make up for the subsidy in order to sustain the current security budget. At least 1 of 3 things will need to happen: * the security decreases * transaction fees shoot up * a governance change to adjust the maximum supply. **Cardano**: Similar as Bitcoin, it uses a rewards pool for staking rewards that also halves roughly every 4 years (depending on transaction fees). Transaction fees are currently 100x less than what's needed to sustain the rewards pool. Thus, the staking rewards will keep declining until it's competely insignificant. What do you think is going to happen to the community, so involved in delegated staking, when those rewards drop below 1%? That community is going to disappear. Cardano's DeFi is already a ghost town, and it can't afford to drop any further. **Algorand**: Algorand has a high chance of slowly dying after 2030 due to centralization and lack of economic incentive to stay. Its Foundation expects to survive without paying its relay nodes and validators while also removing its governance and staking rewards. When the governance rewards and DeFi rewards run out, the Algorand supporters will no longer have anything exciting to post, and it will gradually fall off everyone's radar. ####**Sustainable scarcity without max supply through utility** Now there is a way to have sustainable scarcity, and that's through having enough revenue through fees to offset rewards. Networks that prioritize utility and usage can be sustainable. Without inflation, a decentralized blockchain with a skeleton crew of 100 engineers and 200 nodes would need to make about $10-20M in fees to keep running without requiring them to work without adequate pay. Polygon PoS and BSC are fairly centralized, so they can afford to run cheaply. Ethereum is already [Ultrasound](https://ultrasound.money/) through massive ETH fee burning, so it's scarce and sustainable despite having no max supply. ##**Other issues with scarcity** ####**Scarcity is less important than utility** If I print a single scarce NFT and give it zero utility, no one will buy it. If I print 1000 non-scarce NFTs and give them worthwhile utility, plenty of people will buy them. Scarcity by itself is meaningless. ####**Scarcity leads to less utility** With scarcity, people want to hold onto their tokens as investments, so they're less likely to use them. [Gresham's Law](https://www.investopedia.com/terms/g/greshams-law.asp) states that people will choose to transact using inflationary currency and hold balances of deflationary currency. Thus given 2 otherwise similar cryptocurrencies, people are more likely to transact with the inflationary one, leading to more usage. ####**Easy to manipulate for rug pulls** It's super easy to manipulate scarcity to the point for rug pulls, and this is done all the time. 1. Design a token with a very long token release schedule (e.g. 10 years) via inflation 1. Give founders (and insiders) a huge portion of the funds during ICO. Force them to hold onto it until after the initial pump. 1. Have extremely-limited liquidity at the start. Because the liquidity is limited, you can easily pump the price of the token. Create a lot of buzz around the launch so that retail and VCs will buy and pump up the price even more during launch. At that point, for a fast rug pull, insiders will sell immediately or within months of a launch. **Slow rugs** For a slow rug pull, insiders and VCs might slowly the dump the token as their vesting schedule unlocks. This is a common ICO tactic. SBF also used a similar model where they manipulated the price of FTT in a pump, took loan using it as collateral. They then kept liquidity low, bought back FTT with the collateral to keep the price up in markets even though it was actually worthless. Without scarcity through low liquidity, they couldn't have single-handedly manipulated the market price to that extent. Many L1 tokens ALGO, AVAX, LINK, MATIC, follow a similar model, but also include staking. Initial founders and VCs can continuing earning double-digit interest while dumping their tokens on retail bagholders. The tokens have supply limits, but they hit their limits are so far in the future that it buys the founders time to exit. The project might be dead in 10 years with the founders completely gone.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5ipnj/telegram_repossesses_usernames_so_they_can_sell/ixwaf0o/
Posted: November 26, 2022 16:45:21
Comment: #NFT Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ####**Anti-NFT backlash** > > By now, we need accept that most communities, especially the technology and gaming communities, absolutely hate NFTs. Even the crypto community is quite skeptical about the practical use cases for NFTs. > > There are literally subs banning users for having a reddit avatar NFT (like the 196 subreddit) even though they were given away freely. Gaming companies like [Ubisoft were absolutely vilified](https://arstechnica.com/gaming/2022/04/ubisofts-first-nft-experiment-was-a-dumpster-fire/) when they mentioned exploring NFTs in future games. [EA had to backtrack](https://www.protocol.com/bulletins/ea-ceo-nfts-blockchain-backtrack) after their own high-profile backlash. Gamers in particular hate Pay-to-Win and Pay-to-Earn systems, which are commonly used in the design scheme for NFT-based games. > > **It's risky for companies to endorse NFTs when their customers are going out of the way to avoid them.** NFTs will likely remain a very niche product for the near future. > > ####**Does not provide direct ownership** > > NFTs are records of transactions and don't provide direct ownership. They can hold metadata, which are often just glorified links and pointers to other sources. For example, an NFT could point to the URI of an image. **But there's nothing preventing others from creating new NFTs that point to the same image. Owning the NFT does not mean you own the referenced image.** It's up to the people, communities, and front-end services involved with the NFT to recognize that the NFT represents ownership of the object it links to. > > Similarly, NFTs that point to real objects like property also have to work within the confines of the regulatory system. If the regulatory system does recognize the the NFT, then trading that NFT doesn't transfer actual property rights. In that situation, the NFT becomes an unnecessary extra step. > > There are many [stolen artwork](https://www.theverge.com/2022/5/17/23077174/deviantart-protect-nft-crypto-stolen-art-blockchain-detection) that get created as NFTs. Many projects like Bored Apes have near-identical copycats of each other. For example, the official collection of MetaWaifus is on Solana, but there are 4 other (likely stolen) collections on Polygon's PoS network sold through Opensea that are duplicates of the original. Centralized marketplaces have to spend effort blocking stolen work, and it's a complicated game of whack-a-mole. > > ####**Uses centralized front-end services** > > NFTs require front-end services to provide an interface for customers. For example, games could easily cost 10s to 100s of millions of dollars and take many years to develop. **If the centralized front-end platform goes down or chooses to no longer recognize the NFTs, it could be cost-prohibitive and time-prohibitive for the community to rebuild it.** If that happens, the NFT will become worthless. Intellectual Property rights could also prevent the objects represented by the NFTs to be re-established without considerably changing how they look or work. > > ####**Reliant on blockchains** > > NFTs are stored on blockchains, so they carry all the risks and downsides to using them. **NFTs are at risk of theft, hacks, bugs, and user errors.** If you lose access to an NFT, there is no undo button or recovery system--it's permanently lost. Users will need to become familiar with a complex system of wallets, gas tokens, safety, and will shoulder the risk of owning NFTs. > > **Networks also can have high transaction and smart contract fees** for minting and transferring the NFTs. For example, BAYC NFT's Otherside sale brought in $253M of revenue, but cost $181M in Ethereum gas fees [[Source](https://qz.com/2161193/bored-ape-yacht-clubs-nfts-cost-181-million-in-gas-fees/)]. Even on the very-cheap Polygon PoS network, it cost 0.1-0.2 cents to mint a reddit NFT. They're cheap individually, but if you need to mint and transfer millions of these for the 400M+ monthly active redditors, the costs quickly add up. > > **Most blockchains are very storage-limited**, so the objects that the NFTs represent are often stored off-chain either on centralized databases or on IPFS, leading to the additional risk of dead links. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl6x/general_concepts_nft_conarguments_june_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: CointestMod
Link: /r/CryptoCurrency/comments/z5ipnj/telegram_repossesses_usernames_so_they_can_sell/ixwaeba/
Posted: November 26, 2022 16:45:12
Comment: #NFT Pro-Arguments Below is an argument written by Maleficent_Plankton which won 2nd place in the NFT Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ####**Niche following** > > By now, we need accept that most communities, especially the technology and gaming communities, hate NFTs. Even the crypto community is quite skeptical about the practical use cases for NFTs, and they will likely remain a **very niche product** for the foreseeable future. > > NFTs are similar to everything else that attract criticism from more practical shoppers because they have little practical use. In this aspect, they are similar to Rolex watches, gacha waifus, game character skins, anime car decals, expensive designer t-shirts, brand-name medicine, etc. Even though these products are expensive and have little practical value, **they still make their owners happy**. And who are we to criticize others for spending money that goes towards increasing happiness. > > Some game items like character skins, tradeable gacha items, and Steam/game marketplace items could easily be turned into NFTs without changing gameplay, so there is an existing market for them. > > ####**Decentralized backend, allowing more auditability and access** > > NFTs can be stored on public, immutable blockchains. This gives their users more flexibility in controlling how they transfer and interact with them. It also provides an auditable record that anyone else could build an API to visualize or track the NFTs. **The community no longer has to rely on the front-end service provider for API tools since the blockchain already provides public access to the data source.** Communities can build markets and other visualizers for their NFTs on their own without needing additional permissions. > > Keeping NFTs on open ledgers is also useful for tracking unethical practices like wash sales and money laundering. > > ####**Automatic Royalties** > > NFTs can be set up as smart contracts that provide automatic royalties to the original creator. There is no need for an intermediary, who can often take a huge cut of the creator profits. > > ####**Potentially lower fees** > > Ethereum NFTs are insanely expensive. It can easily cost tens to hundreds of dollars to mint a Layer 1 Ethereum NFT even when there's little congestion. > > However, many NFT collections have now moved over to cheaper networks like Polygon, Solana, and Ethereum Layer 2 networks. For example, the Reddit collectible avatars only cost around $0.002 each to bulk-mint on Polygon. That's $50 total to mint the 27000 NFTs currently available for [my avatar set](https://polygonscan.com/address/0x466a330887bDF62D53f968EA824793150f07762e). Reddit doesn't have to pay for the backend of keeping track of all these NFTs or ongoing costs of concerning they're transferred, so it's orders of magnitude cheaper than it was on Ethereum. > > Most NFT marketplaces only charge 1-2% for listing fees, which is much cheaper than many traditional digital art marketplaces that charge 5-20% (e.g. ArtStation, DeviantArt). After all, they only need to provide the front end, not the backend or customer support for transfers. Even gaming communities like Steam charge a 5-10% commission fee for item trades. **People can skip marketplace fees by trading directly on the blockchain.** ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl5l/general_concepts_nft_proarguments_june_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) to find arguments on this topic in other rounds.
User: ggstan21
Link: /r/kpop/comments/z5em15/triples_have_shared_that_they_plan_to_debut_a/ixw9o4z/
Posted: November 26, 2022 16:39:51
Comment: I get why some people are against it but many of them don't even try to understand the whole system. The girls get paid with the sales of these things (and they release new objekts constantly, so it's a regular revenue for the idols), the blockchain used is carbon neutral (or even carbon negative already, they said they were going carbon negative in 2022), it's impossible for the company to manipulate these votings on the blockchain, everything is recorded there for anyone to see, so the fans are without a doubt helping to direct the group, it is not a scam like Produce 101. It's pretty tiring to keep repeating this but the misinformation is too much and many people really believe in all that crap. I can't do nothing about people who still hate this system even after knowing the details, tripleS simply is not for them but hopefully these comments can help the open-minded fans.
User: Cosmickev1086
Link: /r/conspiracy/comments/z5g74e/the_ftx_scandal_has_exposed_the_unipartys_money/ixw9d64/
Posted: November 26, 2022 16:37:35
Comment: To be clear, centralized blockchain is a scam. Decentralized is the way to go.
User: rybrotron
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw94nc/
Posted: November 26, 2022 16:35:49
Comment: "On the blockchain, so it can't be hacked" hahahaha The entire crypto undustry would like a word
User: tahuretafk
Link: /r/CryptoCurrencyTrading/comments/z1fplc/is_there_any_maximalists_around_i_believe_the/ixw8r24/
Posted: November 26, 2022 16:32:56
Comment: Yeah, agree, Cosmos is layer 0 just like Geeq. Since layer 0 makes it easier to delegate more attention to decentralization and security, I think it may be the next big thing in blockchain technology.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5i9yx/el_salvador_establishes_national_bitcoin_office/ixw8enh/
Posted: November 26, 2022 16:30:17
Comment: #Bitcoin Pro-Arguments Below is an argument written by Nostalg33k which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Writing a Pro argument for Bitcoin in 2022 seems complicated because everything has been said... or did it? > > Edit: I have a small bag of Bitcoin currently valued around 600 bucks. I am also invested in crypto around 2000 bucks which are always moving when Bitcoin is moving. Financial disclosure should be mandatory in these arguments =) > > # Bitcoin is the king of POW: Why it matters and why we need a strong Bitcoin > > So as the title suggests it, the recent news from Ethereum switching from POW to POS makes Bitcoin the sole serious POW cryptocurrency. In this write up, we are going to discuss the three main strength of Bitcoin, security, decentralization, and incentive for green energy production. In this write up we are not going to talk about speculation or the financial side of Bitcoin. Bitcoin is a highly liquid asset and has become nearly universally known as an investment. Many arguments have been made in favor of Bitcoin as an investment and if you want to read one, just go to past cointests. > > ​ > > Of course, the main feature of Bitcoin is the Permissionless aspect. This won't be tackled at all as I think it deserves its own topic. > > ​ > > # 1) Bitcoin: High security > > This topic has also been talked to death: Bitcoin is ultra secure thanks to its Blockchain and the way it is verified through proof of work. To explain this let me quote IBM: > > ​ > > >Public blockchain networks typically allow anyone to join and for participants to remain anonymous. A public blockchain uses internet-connected computers to validate transactions and achieve consensus. Bitcoin is probably the most well-known example of a public blockchain, and it achieves consensus through "bitcoin mining." Computers on the bitcoin network, or “miners,” try to solve a complex cryptographic problem to create proof of work and thereby validate the transaction. Outside of public keys, there are few identity and access controls in this type of network. > > > >[IBM on Blockchain security](https://www.ibm.com/topics/blockchain-security) > > ​ > > Mining is measured in Hashrate. Here is the explanation of Hashrate: > > >Hash rate, sometimes referred to as hashrate, is a measure of the computing power on a cryptocurrency network that serves as a key security indicator. It measures the total computational power used by a “proof-of-work” (POW) cryptocurrency network to process transactions in a blockchain. > > > >[USNEWS explains hashrate](https://money.usnews.com/investing/term/hash-rate#:~:text=Hash%20rate%2C%20sometimes%20referred%20to,process%20transactions%20in%20a%20blockchain) > > ​ > > So if the hashrate measures the security of the network, one may asks themselves: "Did the security of Bitcoin slowed when the price fell ?" > > [The hashrate is at an ATH and growing making Bitcoin more and more secure as it continues to build over time](https://ycharts.com/indicators/bitcoin_network_hash_rate#:~:text=Basic%20Info,101.2%25%20from%20one%20year%20ago) > > ​ > > So Bitcoin has never been as secure as it is today which makes it ultra valuable as a way to settle financial transactions. Yes holding Bitcoin for a long time is risky but using it as a medium to settle international transaction may currently be the securest and one of the best way to do so. > > While Bitcoin is safe... what if a big part fails ? > > ​ > > # 2) Bitcoin mining: Too big to fail. > > ​ > > So this write up could be seen as a POW write up, which it is to an extent. But Bitcoin offers its history and shows that it can survive the disparition of a big part of the network. > > Decentralization allows for parts of the network to disappear and for the rest to take the mantle of securing the network. Yes, mining pools may grow too large for their own sake BUT in the end (nothing even matters) Bitcoin is heavily decentralized. It is so decentralized that, when China (which had a big part of Bitcoin mining) banned mining, Bitcoin just went through like nothing happened. Yes the hashrate fell a bit, the value too, but if we look back, it was nothing extraordinary. > > ​ > > So if Bitcoin is highly secure and if it can survive part of the hashrate going bye bye, what makes it so good? What is the difference with any POW Cryptocurrency right now? > > ​ > > # 3) Bitcoin: propping up the green energy sector. > > ​ > > POW uses energy. One of the biggest concern about POW is the energy. While Ethereum was using GPUs and was asic resistant. Bitcoin mining is built differently. A long time ago, under oath, people discussed the environmental impact of Bitcoin Mining and I made a post explaining what was said: > > ​ > > >The Energy Fud Was Killed > > The most important thing that happened: The narrative that Bitcoin is too energy intensive was totally reversed. > > Experts of the sector explained that, Wind Farms and Solar Farms, have a variable load. This variable load means that sometimes they lose money because they produce too much and there is not enough demand. Bitcoin mining provides a variable base load for these projects. What it means is that, mining can be turned on and off depending on demand. It was revealed that most of these wind and solar farms would simply not exist without Bitcoin Farming as baseline customers. > > There are still miners that are using coal plants and fossil fuel but the leaders of the industry are developing in tandem with the green energy sector. > > >[My post](https://www.reddit.com/r/CryptoCurrency/comments/s99phv/yesterday_one_of_the_most_bullish_events_ever/) > > ​ > > # Conclusion: Bitcoin is the flagship of POW and it is a feature not a bug. > > Bitcoin, thanks to its value and tokenomics is seen as a good investment, this is also why miners commit huge amount of ressources to take the hashrate to new heights. These miners help the US grid to become more and more resilient. The future of Crypto and of green energy relies a lot on Bitcoin. Bitcoin has proven time and time again that it can shoulder these changes. Bitcoin is a good piece of technology and I hope people continue to invest in it because it is doing a lot of good for our future ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpui9i/top_coins_bitcoin_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.
User: BUBBLE-POPPER
Link: /r/conspiracy/comments/z5g74e/the_ftx_scandal_has_exposed_the_unipartys_money/ixw8doq/
Posted: November 26, 2022 16:30:05
Comment: No. Ftx is primarily about how Blockchain is a scam.
User: RogerDeanVenture
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw88rr/
Posted: November 26, 2022 16:29:03
Comment: Phones will be quantum but also blockchain.... OK
User: Burnt_Ochre
Link: /r/CryptoCurrency/comments/z5bjtx/this_is_now_the_secondlongest_bear_market_ever/ixw82iw/
Posted: November 26, 2022 16:27:43
Comment: Considering the hype, the lack of oversight, the deliberate convolution and confusion.... was the FTX debacle really a 'black swan'? Or was it just a big, bloated ugly white swan whose appearance was inevitable? There's always been people outside of crypto who considered it a fraud, a Ponzi and at best a bubble. Can you blame them for feeling vindicated? How much FOMO do you think the people who were wary and unsure about the value an integrity of crypto are feeling? Considering that decentralization, freedom from corrupt central issuing authorities, and freedom from political interference from politicians and the elite were selling points the current situation makes it more than unfortunate... it's a *fucking joke*. How many new retail investors are chomping at the bit to 'buy the dip' now? I'm still invested in ETH and will hopefully recover my investment as the logistical and business benefits of blockchain technology prove themselves over time. But I'm prepared to have to wait a long time. Also, why is FTT *still* worth more than Cardono?
User: prettybrokenstars
Link: /r/kpop/comments/z5em15/triples_have_shared_that_they_plan_to_debut_a/ixw825y/
Posted: November 26, 2022 16:27:39
Comment: Its not *based* off NFT, but if you buy a digital photocard stored on a "carbon netrual"(greenwashing) blockchain, you get COMO which are the coins used for voting on their app. But you can also obtain the COMO through other ways, such as weekly events on their social media like tiktok, youtube, discord, twitter, etc. Yes, the nft's are aprart of it, for now, but its not vital
User: Arqideus
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw81bs/
Posted: November 26, 2022 16:27:29
Comment: "It will work on the blockchain." Bro, you don't even know what that is!
User: IGargleGarlic
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw7i7w/
Posted: November 26, 2022 16:23:26
Comment: I doubt it, he doesnt seem to even know what blockchain is.
User: dheezie
Link: /r/FlareNetworks/comments/z5ge43/what_will_happen_to_the_flare_team_if_ripple/ixw7g9h/
Posted: November 26, 2022 16:23:03
Comment: Neither is correlated to each other. Flare is an independent Layer 1 blockchain.
User: biketourthrowaway
Link: /r/ethfinance/comments/z4zqum/daily_general_discussion_november_26_2022/ixw7dfi/
Posted: November 26, 2022 16:22:28
Comment: Hard to benefit in the long term when you get outcompeted in the short term. The whole point of the multichain thesis is that the barriers and distinctions between chains will fall away over time and all that will matter is the product itself. I’m sure by the time L3s can offer a comparable service trustless bridges and crosschain communication protocols will be more than mature enough for appchains to “reintegrate” to Ethereum. Better to spend your timedeveloping your core product offering and building up your userbase rather than just waiting. Blockchain is a means to an end, not the end itself. If teams can build a better product or service on a sovereign chain expect them to do so.
User: Solid_Television2633
Link: /r/CryptoForLadys/comments/z4q35u/rsolcial_team_and_developers_have_provided_us/ixw70ru/
Posted: November 26, 2022 16:19:51
Comment: Creating a fast and scalable social network on the web was only possible thanks to high-performance blockchains, which began appearing about a year ago, with Solana as the leader in this area. By creating r/Solcial at the P2P level, protected by Solana's blockchain, content by design cannot be censored. If you publish something, in theory it can remain published forever and cannot be removed or revoked by any other party or authority.
User: blatantspeculation
Link: /r/Buttcoin/comments/z5ggle/ackman_on_the_utility_of_crypto_and_blockchain/ixw6zlj/
Posted: November 26, 2022 16:19:37
Comment: No, hes describing steam trading cards *on the blockchain*. And using them to pay people for their services.
User: d13co D13.co//ective Founder
Link: /r/D13/comments/z5i13z/introducing_cupstakes_world_cup_lottery/ixw6yka/
Posted: November 26, 2022 16:19:25
Comment: ## Trust Partners AKA 5/8 multisig holders D13.co//ective CupStakes Developers & operators Address: d13collective.algo Twitter: @D13_co --- Fred Estante [1] Head of Product Marketing, Algorand Foundation Address: fredestante.algo Twitter: @FredEstante --- Nullun [1] Developer Relations, Algorand Inc Address: nullun.algo Twitter: @nullun --- Choppa [1] Core community manager, Pact.fi Address: choppa.algo Twitter: @CHOPPAtheSHARK --- Zeus.algo Father of the NFT Collector Gods Address: zeus.algo Twitter: @zeus_algo --- LeavemeaGnome Creator of Orbital Gnome Strikers, Largest NFT Holder on Algorand Address: gnome.algo Twitter: @LeavemeaGnome --- SaxoSays Blockchain Consultant, Founder of TheHouseofFUD.Com Address: saxosays.algo Twitter: @SaysSaxo --- Farzan Akhtar Blockchain and Beyond podcast host Address: farzan.algo Twitter: @FarzanAkhtar1 --- **[1] Participating as individuals; not an endorsement by the Algorand Foundation, Algorand inc or Pact.fi**
User: Secure_Cash_8415
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw6qub/
Posted: November 26, 2022 16:17:50
Comment: I am trying to figure out how the hell a phone “being on the blockchain” can not be hacked
User: normalmighty :py::cs::js:
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw5r1f/
Posted: November 26, 2022 16:10:29
Comment: Quantum computing is a lot like blockchain tech in that it can be very useful in some very boring and niche way, but somehow got the layperson's impression as some new revolutionary thing that was going to drastically and rapidly improve all tech in ways we couldn't even imagine. The difference is that nobody can speculatively trade units related to quantum computing which vary drastically based on how useful a layperson thinks it will be.
User: DrainZ-
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw5ghx/
Posted: November 26, 2022 16:08:21
Comment: All the stupid shit in there aside, I actually think an electronic voting platform with direct democracy using blockchain would be great. But that should not in any way be related to a specific brand of phone, especially not if you want it to be 100% decentralized which it preferably should be. A blockchain is just data structured in a specific way, so everyone with access to the internet should be able to use it regardless of the brand of their phone or computer.
User: AutoModerator
Link: /r/TimPool/comments/z5hyg9/adam_does_mocking_impression_of_annoying_noises/ixw5buy/
Posted: November 26, 2022 16:07:25
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: CannibalFruit
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw55f9/
Posted: November 26, 2022 16:06:08
Comment: Ah yes yes the blockchain
User: AutoModerator
Link: /r/TimPool/comments/z5hww1/tim_pool_does_damage_control_streams_response_to/ixw4xnj/
Posted: November 26, 2022 16:04:34
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: btcoins
Link: /r/wallstreetbets/comments/z55sui/other_smart_thinkers_agree_selling_coinbase_is/ixw4mmi/
Posted: November 26, 2022 16:02:22
Comment: This is the problem. Cardano and eth don’t use the blockchain as intended. The ONLY use of the blockchain is decentralization and eth proved itself to be centralized by forking the chain in 2016 and implementing eip 1559 last year with 0 consensus. It’s no better than an excel spreadsheet and you’re misinformed if you call it a blockchain since 1 person has full control. Not to mention how proof of stake coins make censoring transactions easy. You should educate yourself before buying into scams. You know there’s solutions to this regarded article you posted? Meaning settlement layer is the blockchain and LN or other things make it efficient? Kind of like the clearing houses with cheques…. You’re many years behind on understanding what I mean. I did fall for a ton of shitcoin scams in 2017 and you will understand what I mean in a few years. Shitcoins are good to play around with on the short term trading btc pairs and multiplying your btc.
User: AutoModerator
Link: /r/TimPool/comments/z5hu35/adam_does_mocking_impression_of_annoying_noises/ixw4m3z/
Posted: November 26, 2022 16:02:16
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: Crom-Miami SafeMoon Astronaut 🚀
Link: /r/SafeMoon/comments/z5g4n4/does_the_community_even_want_oribtal_shield/ixw4a1m/
Posted: November 26, 2022 15:59:54
Comment: I just want a Exchange and Blockchain like they promised... Tired of all the excuses just get it done
User: kyehwh Tin
Link: /r/CryptoCurrency/comments/z4r2px/kraken_ceo_calls_binance_proof_of_reserves/ixw47dm/
Posted: November 26, 2022 15:59:22
Comment: https://www.sec.gov/news/public-statement/digital-asset-securites-issuuance-and-trading 2nd paragraph under Offers and Sales of Digital Asset Securities: "the Commission issued settled orders against AirFox and Paragon in connection with their unregistered offerings of tokens. Pursuant to these orders, AirFox and Paragon will pay penalties and also have undertaken to register the tokens as securities under Section 12(g) of the Securities Exchange Act of 1934 ("Exchange Act")" So this leaves us with 2 results: 1. Tokens held will be backed by registered shares(setting off MOASS) and/or 2. Tokens will be regarded as illegal and unable to use as collateral in turn removing shorts firepower. (Proof of tokenized assets used as collateral) https://www.jpmorgan.com/solutions/treasury-payments/insights/blockchain-onyx-asset-tokenization FTX Minted a total of 1 million GMETokenized stocks regardless of the lie they tell the public these tokens need to be registered. That leaves me wondering what is the total amount of minted tokens that need to be backed by registered shares? (held by all these failing crypto CEXs I counted five and these are just the first dominos which will leak into big banks) Will the eventual liquidation of all CEXs force registration of these shares adding to the infinite money glitch? Anyway ima keep DRSing$GME
User: epic_gamerpc
Link: /r/Chennai/comments/z51xg8/lets_flex/ixw446x/
Posted: November 26, 2022 15:58:45
Comment: worse, blockchain development **(NOT INVESTMENT NOT TO BE CONFUSED WD THE LUCKY ONES)** lol
User: SneakyDevil0069
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw3919/
Posted: November 26, 2022 15:52:45
Comment: Ugh after working my most boring job ever—telecom service infrastructure—this makes my head hurt. A blockchain quantum phone!? Bahahahaha we still literally use signalling (SS7) last updated in 1993. Good luck with that bud.
User: TerminatorXPS15
Link: /r/gme_meltdown/comments/z5a95y/ape_keeps_track_of_shills_in_an_excel_sheet/ixw2lpj/
Posted: November 26, 2022 15:48:31
Comment: Come on a spreadsheet? Apes I thought we were in the midst of a Web3 revolution, why not use a blockchain!
User: Njaa
Link: /r/phinvest/comments/z55yyx/what_are_your_plans_and_strategies_to_take_profit/ixw2lm4/
Posted: November 26, 2022 15:48:30
Comment: What kind of BTC regulation do you foresee? I'm struggling to understand what regulation could even exist on the blockchain itself, when no person or entity has special control or insight.
User: CointestMod
Link: /r/CryptoMarkets/comments/z5hel6/coinbase_advanced_trade_price_charts/ixw27yi/
Posted: November 26, 2022 15:46:02
Comment: #USDC Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the USDC Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [30.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og2nfy/comment/hewkfxw/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: *no edits yet* > > # Intro > > USD Coin (USDC) is a digital dollar – a stablecoin pegged to US dollar. Stablecoins are a type of cryptocurrency with a value fixed to other assets (usually assets outside of the cryptocurrency space, e.g. fiat currencies, precious metals, etc.). Their main purposes are: 1) help investors escape the volatility of the cryptocurrency market and 2) allow investors to buy cryptocurrencies on exchanges that do not offer fiat deposits. USDC is currently the second largest stablecoin. \[1\], \[2\], \[3\] > > # Cons > > **It’s centralized** > > Decentralization is one of the core principles of crypto industry. USDC is centralized. Centre (nomen omen), the consortium that is responsible for USDC, can freeze anyone’s USDC assets whenever they want to. In 2020, they blacklisted an address and froze $100,000 in USDC in response to a request from law enforcement \[4\]. In this case, the freezing of assets was the right thing to do but nothing stops Centre from freezing assets in more controversial circumstances. > > ​ > > **It has fewer trading pairs and blockchains than tether** > > USDC announced in June 2021 that it wants to expand to 10 more blockchains in the near future \[5\]. But as of now, it’s present on 5 blockchains (Ethereum, Algorand, Solana, Stellar and Tron) whereas USDT, its main competitor, is available on 8 blockchains. \[6\] > > USDC is even more pale in comparison to USDT when it comes to the number of available trading pairs. There are barely any coins that aren’t paired with USDT, when USDC usually allows to buy only the most popular coins. > > ​ > > **Is it really that transparent?** > > Circle claimed in the past that all USD Coins are backed 1:1 against US dollar (cash). This is not the case anymore. And while people praise USDC for being more transparent than Tether and having better, more reliable reserve composition, just until recently Tether was completely nontransparent and lied about its reserves, so it’s hard to look bad when compared to Tether. > > Circle isn’t in fact that transparent. For example, they don’t disclose too much information about funds referred to as “approved investments”. **We don’t know how risky those investments are.** USDC has licenses in most of the states in the US. Some of those states have absolutely no restrictions and if Circle operates under the license from one of those states, it can invest in anything it wants. \[7\] > > Also, if you compare USDC’s breakdowns to e.g. breakdowns of banks or other financial institutions, it’s clear that **there’s room for much more transparency**. Take a look at e.g. JP Morgan’s breakdown: [https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-prime-money-market-fund-morgan-4812a2702#/portfolio](https://am.jpmorgan.com/us/en/asset-management/adv/products/jpmorgan-prime-money-market-fund-morgan-4812a2702#/portfolio) > > This breakdown includes a lot of more details. You can check the issuer, market value, CUSIP number, effective maturity and so on **for each asset**. This kind of information is absent in USDC’s breakdowns. > > ​ > > **There are more transparent stablecoins and stablecoins that are fully backed by cash** > > There are other stablecoins which are transparent and release independent, monthly audit reports about their backing. But what is more important – **there are stablecoins that are fully backed by cash**. Gemini USD (GUSD) or TrueUSD (TUSD) are two examples. \[8\] > > Also, Tether is often criticized for being a very small company with very few employees and yet managing billions in assets. However, **Center had only one employee** since December 2020 to March 2021 – its CEO. Currently, it hires 6 people. \[9\] > > ​ > > **Regulatory risk** > > Recently, regulatory activities have been accelerating. Gary Gensler, the head of the Security and Exchanges Commission (SEC) has asked for more authority to regulate cryptocurrency with the focus on stablecoins. > > Moreover, Fed Chairman Jerome Powell has said that a U.S. **central bank digital currency could eliminate the need for stablecoins like USDC**. And since USDC is a centralized stablecoin, a regulatory crackdown and a US CBDC could drive out USDC. > > **\_\_\_\_\_\_\_\_\_\_** > > **^(Sources:)** > > ^(\[1\]) [^(https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf)](https://f.hubspotusercontent30.net/hubfs/9304636/PDF/centre-whitepaper.pdf) > > ^(\[2\]) [^(https://en.wikipedia.org/wiki/USD\\Coin)](https://en.wikipedia.org/wiki/USD\Coin) > > ^(\[3\]) [^(https://en.wikipedia.org/wiki/Stablecoin)](https://en.wikipedia.org/wiki/Stablecoin) > > ^(\[4\]) [^(https://www.coindesk.com/markets/2020/07/08/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request/)](https://www.coindesk.com/markets/2020/07/08/circle-confirms-freezing-100k-in-usdc-at-law-enforcements-request/) > > ^(\[5\]) [^(https://www.centre.io/blog/announcing-usdc-on-ten-new-blockchain-platforms)](https://www.centre.io/blog/announcing-usdc-on-ten-new-blockchain-platforms) > > ^(\[6\]) [^(https://www.circle.com/en/multichain-usdc)](https://www.circle.com/en/multichain-usdc) > > ^(\[7\] htps://assets.ctfassets.net/jg6lo9a2ukvr/3U43d7lUPmunUNLa0f9xui/24e439e3040c92179245485ebd1b5ba1/Gemini\\Dollar\_Examination\_Report\_08-31-21.pdf) > > ^(\[8\]) [^(https://www.coindesk.com/markets/2021/07/06/circle-isnt-winning-the-stablecoin-transparency-race/)](https://www.coindesk.com/markets/2021/07/06/circle-isnt-winning-the-stablecoin-transparency-race/) > > ^(\[9\]) [^(https://www.coindesk.com/business/2021/08/30/centre-consortium-hires-six-employees-including-former-circle-robinhood-executives/)](https://www.coindesk.com/business/2021/08/30/centre-consortium-hires-six-employees-including-former-circle-robinhood-executives/) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2moj/top_10_usd_coin_conarguments_january_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_USD_Coin) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: ltraconservativetip
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw27ox/
Posted: November 26, 2022 15:45:59
Comment: AI ML blockchain Dwayne the Rock Johnson
User: _MY_GUY_1
Link: /r/wallstreetbets/comments/z55sui/other_smart_thinkers_agree_selling_coinbase_is/ixw25oq/
Posted: November 26, 2022 15:45:37
Comment: Bitcoin is an antique you should actually educate yourself before making rash decisions. Here’s a link to learn some more and blockchain isn’t the greatest tech. “Hedera Hashgraph is faster than most major blockchains such as Bitcoin, Ethereum and Cardano. It can handle 10,000 transactions per second. Its low, predictable fees cost only $0.001 per transaction, as compared to Bitcoin's, which cost an average of $22.57, and Ethereum, ranging at $19.55” https://en.m.wikipedia.org/wiki/Hashgraph
User: CointestMod
Link: /r/CryptoCurrency/comments/z5hfa3/is_the_us_dollar_a_bigger_memecoin_than_crypto/ixw246j/
Posted: November 26, 2022 15:45:22
Comment: #Moon Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First Published on: 14.10.2021* > > *Last Edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "[a unit of ownership](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki)" in the subreddit. > > # What are their cons? > > **THEY ARE CENTRALIZED** > > Reddit reserves the right “[to modify, suspend, or discontinue the Services (in whole or in part) at any time, with or without notice to you](https://www.redditinc.com/policies/beta-terms-of-service)”. This has been demonstrated several times, e.g. [recently](https://www.reddit.com/r/CryptoCurrency/comments/tewtgk/update_on_recent_changes_to_rcps/?utm=) when admins released a new documentation in which they introduced a fundamental change - they removed the supply hardcap of 250 million - without making any official announcements. > > Moons are completely dependent on Reddit. If Reddit was to abandon the project, Moons would most probably become worthless. > > It's also worth pointing out that Moons are developed by people hired by Reddit but that’s all we know. We don’t know who exactly is responsible for the development. Communication with those people is virtually impossible, they only answer to moderators but they do it occasionally. > > Also, the source code for Moons isn’t open either. This is centralization to the fullest and centralization goes against the core principles of cryptocurrencies. > > **MODERATORS ARE TOP HOLDERS** > > 40% of each [distribution](https://www.reddit.com/community-points/documentation/distribution-process) goes to Community Tank (managed by Reddit), 10% to moderators and 50% to users. It might not look that bad at first glance, but consider the fact that the 50% is shared between more than 5 million users while the 10% is shared between +/- 20 mods. > > In the last distributions, mods got more than 15k Moons each while the most active users got not even half of that. [There are only 2 people among top 10 Moon holders who aren't/weren't moderators](https://ccmoons.com/) (one of the users isn't a moderator but it's an account that is managed by mods). > > It’s [against Terms of Service](https://www.redditinc.com/policies/beta-terms-of-service) to trade Moons but if it was allowed (;-)) we could **speculate** that mods would be able to manipulate the price of Moons because they hold so many of them and can easily communicate with each other. This, again, makes Moons centralized because even if they were to become independent of Reddit, there are too many tokens owned by too few people. > > **MODERATORS AND ADMINS HOLD A LOT OF POWER** > > Not only do moderators and admins hold so many Moons, they also hold an absolute power over the sub. This would be understandable if Reddit didn’t claim that [Community Points are to give the control over the social media to the users](https://www.reddit.com/community-points/). > > Currently, **mods and admins decide which proposal are voted on** and which aren't. Mods can also delete posts and [deleted posts don’t receive Moons](https://np.reddit.com/r/CryptoCurrency/comments/oy8aks/disqualify_removed_content_from_moon_rewards/). They are sometimes accused of not providing clear explanation on why some of the posts were removed. > > **EXTREME SUPPLY INFLATION** > > There are people who say that Dogecoin is very inflationary but in 2021 Moons were 10 times more inflationary: **in 2021, total supply of Moons went up by more than 50%!** (from 86 669 639 in Round 8 to 132 475 902 in round 21. Disclaimer: this does not take into account how many Moons were burned/lost). > > This year, supply inflation of Moons will be at around 25%. Even if many of them are burned or lost, Moons will remain a highly inflationary token for some time. It is estimated that it will take 10 years until annual inflation reaches 1%. > > **FEW USE CASES** > > As of now, the use-cases of Moons are rather limited. Their main purpose is **voting in Governance Polls** but, as mentioned above, those polls are pre-selected by mods who, in reality, also hold more voting power than users. > > The other uses of Moons include **tipping**, **redeeming** them for Reddit coins or **buying** a Special Membership. From those three, only tipping is useful. On 31 August 2022, Special Membership costs $4.99 or 428 Moons which is around $43 at current prices - almsot 9 times more than the price in dollars. This makes buying memberships with Moons rather useless. > > **SPECIAL MEMBERSHIP IS FALSELY ADVERTISED** > > As mentioned above, you can buy a Special Membership with Moons. It is marketed by Reddit that such purchase burns Moons. However, those **Moons aren’t really burned**. They’re taken out of circulation for some time and [50% is reintroduced later on](https://www.reddit.com/r/CryptoCurrency/comments/ye37sz/comment/itvmebm/?utm_source=share&utm_medium=web2x&context=3). > > **MOON FARMERS AND CHEATERS** > > Moons engage users’ participation but much of this participation has only one goal – earning Moons. This often results in **low quality posts, spamming** of simple and pointless comments or even **breaking the rules** of the sub. > > In September, it was revealed by r/LazyMoons that [one user farmed Moons on at least 5 accounts](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/). On one occasion, he even managed to max out karma on two different accounts! As a result, he was able to earn a [massive number of Moons](https://np.reddit.com/r/LazyMoons/comments/pjd7kh/expose_uhame_bih_and_uobito_dos3_are_the_same/hbvutxo/?context=3) in illegal way. > > **DOWNVOTING** > > How many Moons each and every user gets depends not only on his/her personal karma but also on other users’ karma. There’s a fixed number of Moons distributed in each round and it’s divided by the total karma earned by all users. So, the more karma users earn, the lower is the distribution ratio. > > This prompts some people to downvote other users in order to push the ratio higher. They probably believe that this way they will receive more Moons themselves, however, their actions have barely any impact on the ratio. But they have have impact on other users who often feel discouraged of participating in r/cc. > > r/cc is also a sub with [one of the lowest numbers of upvotes per post](https://subredditstats.com/r/CryptoCurrency). Even posts with an overwhelmingly positive feedback usually have a small number of upvotes compared to the number of comments. This, again, discourages people who provide the sub with high quality content as they aren't rewarded enough compared to those who e.g. produce witty comments. > > **CHAOS AND CONFUSION CAUSED BY CONSTANT RULE CHANGES** > > Every 4 weeks Governance Proposals are voted on. They sometimes have the potential of changing the subreddit (and its rules) in a substantial way. Many of them are/were made because of Moons and users who try to exploit the system. In 2021, there were so [many changes](https://www.reddit.com/r/CryptoCurrency/wiki/ccip_list) made, that redditors found it hard to stay updated on the rules. If it wasn't for Moons, those changes wouldn't have happened. > > **MOONS WILL BECOME JUST ONE OF MANY OTHER PROJECTS** > > Reddit [announced](https://www.reddit.com/community-points) that it wants more subreddits to use Community Points. More subreddits will surely launch their Community Points projects in the future. This might include the most popular subreddits. There’s a risk that Moons might then become less attractive and be overtaken by other token(s). > > **YOU CANNOT HIDE HOW MANY MOONS YOU HAVE** > > The [rules](https://old.reddit.com/r/CryptoCurrency/wiki/expanded_rules#wiki_rule_vi_-_personal_information) of r/cc advise redditors to not disclose information about their portfolios. However, Moons are always displayed next to a username. The only way to hide them is to send them to another address or create an alt account and send them there. However, those transactions can be tracked on blockchain. Also, if you don’t hold your Moons in your vault, you lose your voting power during polls. > > \_\_\_\_\_\_\_\_\_\_\_ > > Moons are certainly a unique and promising project. But the project has many flaws and risks attached to it. It’s still in an experimental phase and can be abandoned by Reddit at any time. The main imperfection of Moons is that they’re heavily centralized. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgsuz/coin_inquiries_moons_conarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: CointestMod
Link: /r/CryptoCurrency/comments/z5hfa3/is_the_us_dollar_a_bigger_memecoin_than_crypto/ixw23d6/
Posted: November 26, 2022 15:45:13
Comment: #Moon Pro-Arguments Below is an argument written by cryotosensei which won 3rd place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > 1. While moons can be purchased, most people get moons by either initiating posts or contributing comments. This empowers them as they don’t need deep pockets to get hold of moons - just the willingness to engage with other users on r/cryptocurrency. People who are motivated to get more moons need not scrimp and save to buy more either. All they have to do is to contribute more quality comments to the sub. Besides posting, holders of Moons also get more Moons by participating in governance polls. This helps to increase their sense of belonging and be actively involved in building the r/cryptocurrency community. > 2. Moons are primarily used for tipping other users but can also be traded for other cryptocurrencies, which in turn can be converted to fiat. Although people who sell Moons are penalised with less moons in subsequent payouts, many Redditors, especially those who are grappling with inflation in their home countries, rely on Moons to provide them with an alternative source of income. > 3. Moons recently migrated to the Arbitrum Nova mainnet, a move that increased the legitimacy of this community token as the mainnet is more secure than a testnet. Since users’ moons are recorded on the blockchain, they can have peace of mind, knowing that their ownership of moons won’t be erased. > 4. Moons are recognised as a cryptocurrency on SushiSwap. If you import your seed phrases from your vault in the Reddit into MetaMask and add Arbitrum Nova as a network, you can trade Moons on SushiSwap for as low as 0.000005 ETH. That itself makes some users optimistic that Moons will someday be listed on centralised exchanges. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
User: midwestraxx
Link: /r/PublicFreakout/comments/z52f0u/the_internet_karate_kid_shows_up_to_his_first_mma/ixw1wlb/
Posted: November 26, 2022 15:43:56
Comment: Happens with every new fad tech. even if the tech is legitimate, the tech bros ocme in and try to use it for everything and think they know better than actual experts. 3D print, AI, machine learning, parallel processing, Blockchain, etc. It must be used on everything!!!!
User: monkeypox_69
Link: /r/HeliumNetwork/comments/z5fs95/anyone_here_still_bullish_its_been_months_since/ixw1rzg/
Posted: November 26, 2022 15:43:05
Comment: How is this project gonna survive after this next quartering? Seriously, the rewards are already abysmal. What is the incentive? Yeah more miners coming online.. where's the incentive? The more this goes on the more it comes off as a ponzi. They are shifting away from their own Blockchain ffs. I didn't think this was a scam before but I do now. I'm probably never gonna even break even on this failed endeavor.
User: ShadowOrson
Link: /r/btc/comments/z4wabw/bitcoin_cash_tinkering_wed_rather_bch_stopped/ixw1omj/
Posted: November 26, 2022 15:42:27
Comment: > It is a better, other, solution for the problem he thought memo solved years ago. Its replacing the last maybe-useful bit of memo. > Memo failed, his work for years has not gotten anyone to use it and his idea that people would come to him and replace reddit (or twitter) with memo has never happened. So, the linked CHIP must hurt as we even re-invented identities and never even mentioned the memo protocol... Thank you for the reply. I understand better now. I have never used memo and had no intention to ever use it. Reasons: 1) I, personally, do not believe that Bitcoin should be used as a general database. 2) I have no intention of providing any more traceable personally identifiable information to an immutable blockchain
User: SEND_ME_YOUR_CAPITAL :locke: John Locke
Link: /r/neoliberal/comments/z50u41/discussion_thread/ixw1l9w/
Posted: November 26, 2022 15:41:51
Comment: It’s recession proof bro. The blockchain is totally independent of macro economic events bro. None of the reckless megaconglomerates and useless regulation that holds the dollar back. The dollar is fiat bro, backed only by the most resource rich and militarily powerful nation on earth whereas bitcoin is backed by its believers. Crypto is the future bro
User: gruese
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw1izd/
Posted: November 26, 2022 15:41:23
Comment: Bro, it's *QUANTUM*, don't you get it? Also, blockchain.
User: SamsungGalaxyPlayer XMR Contributor
Link: /r/Monero/comments/z5c9k7/ethxmr_atomic_swap_development_update/ixw159o/
Posted: November 26, 2022 15:38:38
Comment: Buy a blockchain analysis subscription :p One public one is AML Bot, which sources from Crystal Blockchain.
User: MrTanky
Link: /r/Hedera/comments/z4v52v/unconfirmed_hopium_microsoft_building_games_on/ixw155z/
Posted: November 26, 2022 15:38:37
Comment: Well there were rumors of Microsoft buying Ubisoft which is a governing council member. If you were Microsoft, which blockchain would you use?
User: AutoModerator
Link: /r/TimPool/comments/z5h9gm/woman_calmly_accepts_ticket_from_officers_and/ixw0tiv/
Posted: November 26, 2022 15:36:21
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: marsh-boi512
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixw0nlm/
Posted: November 26, 2022 15:35:15
Comment: where tf does the blockchain come in when designing a quantum decentralized policy-based cellphone?
User: Netwelle
Link: /r/web3/comments/z4xua0/im_new_to_web3_whats_the_best_place_on_web3_for_a/ixw0arr/
Posted: November 26, 2022 15:32:42
Comment: Your best bet is to get a LinkedIn account going and start there. Sounds like you don't know much about Blockchain, crypto, NFTs, etc. You are gonna want to study up on that stuff. Content creation is a very cultural activity in the space at this point. It might be hard to break into the scene if you don't have knowledge of the space and culture. This is not impossible though. LinkedIn has many companies moving into the space. You can likely learn a lot by working for one of the bigger companies who are starting into the space.
User: One_Abbreviations202
Link: /r/technology/comments/z5aetn/looking_for_few_people_for_project/ixw09x5/
Posted: November 26, 2022 15:32:32
Comment: Are you aware of the many applications in supply chain management or energy management where blockchain is being used for years, or you just talking out of your ass?
User: One_Abbreviations202
Link: /r/technology/comments/z5aetn/looking_for_few_people_for_project/ixw06oe/
Posted: November 26, 2022 15:31:53
Comment: Are you aware of the many applications in supply chain management or energy management where blockchain is being used for years, or you just talking out of your ass?
User: CointestMod
Link: /r/CryptoCurrency/comments/z5gut3/what_do_you_guys_think_about_reddit_world_cup/ixvzz4o/
Posted: November 26, 2022 15:30:26
Comment: #NFT Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the NFT Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ####**Anti-NFT backlash** > > By now, we need accept that most communities, especially the technology and gaming communities, absolutely hate NFTs. Even the crypto community is quite skeptical about the practical use cases for NFTs. > > There are literally subs banning users for having a reddit avatar NFT (like the 196 subreddit) even though they were given away freely. Gaming companies like [Ubisoft were absolutely vilified](https://arstechnica.com/gaming/2022/04/ubisofts-first-nft-experiment-was-a-dumpster-fire/) when they mentioned exploring NFTs in future games. [EA had to backtrack](https://www.protocol.com/bulletins/ea-ceo-nfts-blockchain-backtrack) after their own high-profile backlash. Gamers in particular hate Pay-to-Win and Pay-to-Earn systems, which are commonly used in the design scheme for NFT-based games. > > **It's risky for companies to endorse NFTs when their customers are going out of the way to avoid them.** NFTs will likely remain a very niche product for the near future. > > ####**Does not provide direct ownership** > > NFTs are records of transactions and don't provide direct ownership. They can hold metadata, which are often just glorified links and pointers to other sources. For example, an NFT could point to the URI of an image. **But there's nothing preventing others from creating new NFTs that point to the same image. Owning the NFT does not mean you own the referenced image.** It's up to the people, communities, and front-end services involved with the NFT to recognize that the NFT represents ownership of the object it links to. > > Similarly, NFTs that point to real objects like property also have to work within the confines of the regulatory system. If the regulatory system does recognize the the NFT, then trading that NFT doesn't transfer actual property rights. In that situation, the NFT becomes an unnecessary extra step. > > There are many [stolen artwork](https://www.theverge.com/2022/5/17/23077174/deviantart-protect-nft-crypto-stolen-art-blockchain-detection) that get created as NFTs. Many projects like Bored Apes have near-identical copycats of each other. For example, the official collection of MetaWaifus is on Solana, but there are 4 other (likely stolen) collections on Polygon's PoS network sold through Opensea that are duplicates of the original. Centralized marketplaces have to spend effort blocking stolen work, and it's a complicated game of whack-a-mole. > > ####**Uses centralized front-end services** > > NFTs require front-end services to provide an interface for customers. For example, games could easily cost 10s to 100s of millions of dollars and take many years to develop. **If the centralized front-end platform goes down or chooses to no longer recognize the NFTs, it could be cost-prohibitive and time-prohibitive for the community to rebuild it.** If that happens, the NFT will become worthless. Intellectual Property rights could also prevent the objects represented by the NFTs to be re-established without considerably changing how they look or work. > > ####**Reliant on blockchains** > > NFTs are stored on blockchains, so they carry all the risks and downsides to using them. **NFTs are at risk of theft, hacks, bugs, and user errors.** If you lose access to an NFT, there is no undo button or recovery system--it's permanently lost. Users will need to become familiar with a complex system of wallets, gas tokens, safety, and will shoulder the risk of owning NFTs. > > **Networks also can have high transaction and smart contract fees** for minting and transferring the NFTs. For example, BAYC NFT's Otherside sale brought in $253M of revenue, but cost $181M in Ethereum gas fees [[Source](https://qz.com/2161193/bored-ape-yacht-clubs-nfts-cost-181-million-in-gas-fees/)]. Even on the very-cheap Polygon PoS network, it cost 0.1-0.2 cents to mint a reddit NFT. They're cheap individually, but if you need to mint and transfer millions of these for the 400M+ monthly active redditors, the costs quickly add up. > > **Most blockchains are very storage-limited**, so the objects that the NFTs represent are often stored off-chain either on centralized databases or on IPFS, leading to the additional risk of dead links. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl6x/general_concepts_nft_conarguments_june_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: Karnewarrior
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvzz1d/
Posted: November 26, 2022 15:30:25
Comment: Tesla phones being Quantum would be quite the huge step given we're struggling to make a full-sized consumer PC that's quantum. It's also amazing that he thinks simply having a better smart phone will somehow swap our government over to a direct democracy despite that requiring *multiple* changes to the constitution, something that I know for sure applies to the U.S. and I'm pretty sure applies almost everywhere else too. And I don't want my phone on the blockchain, the blockchain is a scam and a waste of data transfer speed. Of course it's unhackable if there's nothing to hack and all your personal information is literally glued to a chain that can't be modified without the approval of everyone else on it. Imagine trying to take a nude selfie down and pornhub can't remove it without every user on there Ok'ing the decision. Absolutely insane.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5gut3/what_do_you_guys_think_about_reddit_world_cup/ixvzycc/
Posted: November 26, 2022 15:30:17
Comment: #NFT Pro-Arguments Below is an argument written by Blendzi0r which won 3rd place in the NFT Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [30.11.2021](https://np.reddit.com/r/CryptoCurrency/comments/pfonjt/rcc_cointest_general_concepts_nft_proarguments/hmpq1xo/) > > Last edited on: 23.02.2022 > > NFTs, Non-Fungible Tokens, are tokens that have unique hash IDs. This makes it possible to always indicate the original one even if there are countless NFTs that look exactly the same. > > Think of it this way: you have two exactly the same copies of George Orwiell’s “1984”. But one of them is signed by the author. This makes the book with the signature worth much more than the other one. And it makes it non-fungible in a way: the signature is unique ergo the book is unique (or at least unique compared to all the books which weren’t signed by the author). But signatures can be faked, you might say. True, but it’s impossible to fake “signatures” on blockchain: blockchain stores all the data about minted (created) NFTs and this data cannot be altered. Therefore, **NFTs are an incredibly reliable tool when it comes to verifying ownership and legitimacy of various assets**, e.g. land, pieces of art, licenses, certificates and so on. > > In the case of blockchains like Ethereum, which are decentralized and well-established, you can be sure that [NFTs that you create on such blockchains are secure](https://www.artshub.com.au\/news/opinions-analysis/nfts-the-pros-and-cons-262268-2370580/) and no one can remove or modify them. > > What’s more, [NFTs can have their own smart contracts](https://medium.com/lansaar/nfts-and-smart-contracts-6c4c5516d5a0). You can e.g. add a smart contract for royalties – each time your NFT is sold/used, you will receive a royalty payment that you set beforehand yourself. And, again, the fact that **everything is visible on blockchain** makes it very transparent for any transacting party – everyone can take a look at/inspect the smart contract. An no one can alter it without your consent. > > NFTS can also be used for storing important data. Not only is the data safe on the blockchain from physical damage, but it also cannot be secretly modified since every change is recorded forever on the blockchain. > > Another interesting use-case for NFTs is **ticketing**. Any party organizing events can use NFTs to sell tickets that will be easily verifiable and impossible to fake. NFTs also eliminate the need of using third-party services, like e.g. Ticketmaster, and help to avoid paying high fees. > > NFTs suffer bad publicity due to bad actors (sometimes literally bad actors – looking at you, John Cena and Lindsay Lohan) who take advantage of the NFT hype, but in reality they are a very useful application of blockchain. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl5l/general_concepts_nft_proarguments_june_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_NFT) to find arguments on this topic in other rounds.
User: tahuretafk
Link: /r/ethtrader/comments/z0wh6e/have_you_created_crypto_passive_income_that_works/ixvzuun/
Posted: November 26, 2022 15:29:35
Comment: What is the goal of MAXX? Geeq intrigues me because of its features. With the goal of providing true value to any of their enabling services to end users, a Layer 0 blockchain with the aim of creating a brand-new decentralized hybrid platform.
User: AllTheKingsHorses
Link: /r/TrueReddit/comments/z5a4mi/former_ceo_of_alameda_research_caroline_ellison/ixvzbxv/
Posted: November 26, 2022 15:25:53
Comment: How does anything you've mentioned speak to BTC or Ethereum, the two largest coins on the market? I get what you're saying, (I think) that Blockchain and crypto aren't the same thing, but then why also defend crypto? I don't think even the most vociferous crypto haters think Blockchain is useless. It's just that none of the current coins are particularly useful.
User: btcoins
Link: /r/wallstreetbets/comments/z55sui/other_smart_thinkers_agree_selling_coinbase_is/ixvzbaa/
Posted: November 26, 2022 15:25:46
Comment: Your comment was amazing until you mentioned a shitcoin with no utility. Stick to the only one using the blockchain as intended and thank me later. HBAR deez nuts. Probably a scam too. I’ve been hodling since 2014 and never heard of this. Scams come and go and the newbies get rekt.
User: magicmulder
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvyyut/
Posted: November 26, 2022 15:23:27
Comment: At this point the esoteric pseudoscience folks come in. Where “quantum” is a buzzword that’s a stand-in for magic. Just like the old “put it on the blockchain”. Plus the “unhackable” is comedy gold. While “the” blockchain makes undetectable retroactive changes hard(er), it has zero to do with application or hardware security.
User: ConfusedWahlberg Tin
Link: /r/CryptoCurrency/comments/z5dge1/how_blockchain_technology_is_used_in_supply_chain/ixvytpx/
Posted: November 26, 2022 15:22:24
Comment: blockchain per se does not fix any urgent problems in supply chain (scm) scm is messy, people opening crates, scheduling cranes, and all the mistakes that come with it Returns, wrong item shipped, fob destroyed in transit, non-fob destroyed in transit, product recalled, endless messiness blockchain really doesn’t make any of that easier, however much it might support infosec requirements
User: IcyNefariousness8987 :js:
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvybl6/
Posted: November 26, 2022 15:18:54
Comment: Use a quantum, blockchain powered, decentralized phone to vote for policy that will also include banking? What in the L. Ron Hubbard did this jackass just try to say?
User: AutoModerator
Link: /r/Metamask/comments/z5gs18/coinbase_parent_company_circle_branches_out_to/ixvxw71/
Posted: November 26, 2022 15:15:53
Comment: Sorry for your loss. We regret to hear this. Please create a ticket with [support.metamask.io](https://support.metamask.io) It is advised that you follow [these safety procedures](https://community.metamask.io/t/start-here-metamask-setup-with-security-best-practices/3278). Furthermore it is advised that you get [a hardware wallet](https://metamask.zendesk.com/hc/en-us/articles/4408552261275-Hardware-Wallet-Hub) once you have enough funds which you could fret losing. If you wish to have a paranoid set up you can refer to [this article on setting up a separate OS on a USB to avoid software key loggers](https://community.metamask.io/t/keyloggers-and-safety-procedure-an-overview/8789). 2fa does not work with self custody wallets like MetaMask [as described here](https://metamask.zendesk.com/hc/en-us/articles/4415327052443-When-Two-Factor-Authentication-). Instead what you want is to set up a [hardware wallet](https://metamask.zendesk.com/hc/en-us/articles/4408552261275-Hardware-Wallet-Hub) or a multi-sig. [Here's](https://metamask.zendesk.com/hc/en-us/articles/5450173968283-User-Guide-How-to-use-a-Hardware-Wallet) a guide on how to use a hardware wallet. Also, it is important to note that blockchains are permission-less, which means anyone can upload contracts. Its is the internet of value, similar to the internet of information where anyone can upload any information they want. Blockchain world is like the real world, where you can enter into an agreement with anyone. This is done via the smart contract. Just like the real world, you have to make sure the agreement is not a bad deal or an outright scam. Just like in real life, you have to do due diligence on any contracts you sign and interact with, whether on paper or digital. Especially, if these contracts are related to large amount of your funds. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Metamask) if you have any questions or concerns.*
User: TswarUreddit
Link: /r/BSCMoonShots/comments/z4z7fn/qatar_2022_token_fwc/ixvxq42/
Posted: November 26, 2022 15:14:40
Comment: I love the fact that Qatar 2022 is creating more exposure for crypto. With Crypto dot com being among the official sponsors, it shows how far the industry is growing. Football's integration into blockchain shows how disruptive this technology is. I have also done my own research on FWC, its supply may be much, but I think the utility is way enough to cover up for the supply and give it some real value. I bought it early on Pancakeswap on first day of listing, and I think I should also deposit on Mexc to share this prize pool.
User: RelevantPossibility
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvxg5k/
Posted: November 26, 2022 15:12:40
Comment: If someone uses blockchain in the middle of a sentence, I always take them seriously in an instant!
User: diener1
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvwudm/
Posted: November 26, 2022 15:08:21
Comment: Bro are you new to the DQB (decentralized quantum blockchain)? It's the future for sure. It has quantum in the name, how could it not be the future??
User: chris_ut
Link: /r/Entrepreneur/comments/z52jyo/how_can_a_16_year_old_make_some_money_using/ixvwrk7/
Posted: November 26, 2022 15:07:48
Comment: If someone applied to my company and their resume was all Web3 and Blockchain that would go right in the garbage where it belongs.
User: CynicalSir
Link: /r/BitcoinBeginners/comments/z5g7c7/i_want_to_put_my_bitcoin_in_a_lock_box_but_no_one/ixvwhmm/
Posted: November 26, 2022 15:05:53
Comment: Bitcoin cannot be kept in a box. Your bitcoin exists as transactions on the blockchain. Your "wallet" is more like a key to prove that you own an address / addresses to which bitcoin has been sent.
User: tbob424
Link: /r/ProgrammerHumor/comments/z5csc2/get_er_done_code_good_or_bad/ixvwdqt/
Posted: November 26, 2022 15:05:09
Comment: Random question, would you be willing to sell your Reddit avatar? I’d offer ETH or USD if you don’t wanna mess with blockchain. DM if you’re interested
User: arcticblizzardchill 🚀 FINRA APE 🚀
Link: /r/Superstonk/comments/z5fepc/ive_been_building_a_dashboard_tracking_app_review/ixvvpls/
Posted: November 26, 2022 15:00:25
Comment: madison is a small town and this kid has been dodging me for a year. grow up home dog. you will need the good graces of madison's old guard if you want to succeed. that means responding to our messages and attending our luncheons. I have tried to reach you directly via email, twitter, and now here. contacting badger blockchain is my next step and I dont want to drag you through the dirt with the campus crypto club for dodging my emails.
User: Shophyr
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvvi4i/
Posted: November 26, 2022 14:58:57
Comment: Guy is wrong. New Tesla phone will use machine learning, deep learning, reinforcement learning, AI, neural net blockchain technology with HTML and CSS in the backend. It will also make use of retro encabulator technology to provide inverse reactive current, for use in the phone’s unilateral phase detractors. It will also be capable of automatically synchronizing cardinal grammeters. Super exciting stuff.
User: Etiennera
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvvh43/
Posted: November 26, 2022 14:58:45
Comment: Yes, but I also think he really believes what he's saying. He thinks quantum is the next gen computing, and not knowing how far we are from making a quantum processor in personal electronic form-factor (if even possible at all), he assumes Tesla would pioneer that space just as they did the "self-driving" car. Voting on policy instead of people is a great idea I can get behind. Referendums to determine policy is just good politics. Like with most people, he understands that blockchain is an advanced implementation of modern cryptography but he misses entirely that it only has limited uses and doesn't solve every problem. The argument for decentralized banking is technically possible from a technological standpoint, but not economically feasible and creates more problems than it solves. Though there is some ground to argue otherwise.
User: MaeronTargaryen Tin | CC critic | Politics 10
Link: /r/CryptoCurrency/comments/z5ewq5/why_do_people_trust_binance_if_over_50_of_their/ixvvc0q/
Posted: November 26, 2022 14:57:47
Comment: Yes exactly, it’s on their website: “BUSD is issued by Paxos on the Ethereum blockchain and regulated by the New York Department of Financial Services. Separately, Binance wraps BUSD and issues separate tokens (known as Binance-Peg BUSD) on several blockchains, including BNB Smart Chain, Polygon, and Avalanche. These tokens are unaffiliated with Paxos and not regulated by the NYDFS.” Are we not reading the same thing here? “Separately”, “Binance […] issues separate tokens”
User: Motor-Sundaae
Link: /r/CryptoGemDiscovery/comments/z4mxu7/utopia_p2p_mining_bot/ixvvat3/
Posted: November 26, 2022 14:57:32
Comment: Utopia's blockchain is efficient to use and trade on various exchanges. But they recommend holding it. I agree because it really has potential.
User: Alternative-Carob-22
Link: /r/CryptoCurrency/comments/z57yaj/new_report_to_texas_state_legislature_recommends/ixvv9y9/
Posted: November 26, 2022 14:57:22
Comment: Will this have an effect on blockchain mining in Texas? Will Riot or SilverGate come back?? Waiting to buy down on Riot, anybody have some pointers? Or is Riot dead? Being strictly Bitcoin mining, and mining in Texas, with shares at $4.00-$4.30 is it time to buy the Dip? Or is the Dip still gonna dip? Great information by the way!!!
User: AutoModerator
Link: /r/TimPool/comments/z5g9t6/tim_pool_does_damage_control_streams_response_to/ixvutjg/
Posted: November 26, 2022 14:54:10
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: nmarshall23
Link: /r/technology/comments/z5aetn/looking_for_few_people_for_project/ixvtt59/
Posted: November 26, 2022 14:47:00
Comment: I would have thought that by now people would understand that Blockchain isn't revolutionary technology. It's a 14 year old idea that has failed at everything it was applied to. The reason that Blockchain is a failure is it's built on a lie. That software can replace human politics. > Bitcoin has not in any sense eliminated human politics; humans are still very much in charge of setting the rules that the network enforces. > > There is, however, no formal process for how governance works in Bitcoin, because for a very long time these politics were not explicitly recognised, and many people don’t recognise them, preferring instead the idea that Bitcoin is purely “math-based money” and that all the developers are doing is purely apolitical plumbing work. From [The blockchain paradox: Why distributed ledger technologies may do little to transform the economy](https://www.oii.ox.ac.uk/news-events/news/the-blockchain-paradox-why-distributed-ledger-technologies-may-do-little-to-transform-the-economy/) Published way back in 2016.
User: Bright_Rest968
Link: /r/defi/comments/z4wa3m/alert_wbtc_is_around_2_depegged/ixvts5m/
Posted: November 26, 2022 14:46:49
Comment: $LEVER is ready to support groups of people or developers who can create #trade bots, plans, or vaults for the u/LEVERFI DEX that will launch this month! 🔥 u/LEVERFI is prepared to co-invest for the reconstruction of #crypto and #DeFi. 💯 \#CZ #Binance #Blockchain 🚀
User: Popular_Nerve7027
Link: /r/plutus/comments/z0ec41/business_model/ixvtr7p/
Posted: November 26, 2022 14:46:38
Comment: They don’t buy. It’s a low supply token the price increases through holders collecting for staking. Post proof of them buying all transactions are visible on the blockchain. I’ll wait.
User: Hero_without_Powers
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvto9e/
Posted: November 26, 2022 14:46:03
Comment: You forgot the single shot blockchain AI frontend
User: BelieveInPixieDust
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvtki0/
Posted: November 26, 2022 14:45:19
Comment: I’m sick or non-developers trying to sell me on blockchain. It’s zero-trust algorithm is cool, but honestly for almost every single application a database with encryption is better.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5frcy/buying_bitcoin_every_month_since_october_2017_62/ixvtk0e/
Posted: November 26, 2022 14:45:13
Comment: #Bitcoin Pro-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Understanding the benefits and drawbacks of the bitcoin blockchain is essential if you're considering investing in bitcoin. Let's start off with the positives of BTC. > > **21 Million Fixed Supply** > > Bitcoin cannot be printed by governments at will, unlike fiat money like the US dollar. There are only a total of 21 million bitcoins in existence. An estimated 3.7 million bitcoins have been lost, which means they will never be found without the private key. Citizens all over the world are using bitcoin as an inflation hedge due to the continued money creation by central banks around the world. > > **Decentralization** > > The ability to conduct financial transactions without a third-party intermediary watching over the transaction is referred to as decentralization. The nodes, or individual computers that make up the Bitcoin network, are numerous. Decentralization is crucial because it precludes an attack on a single point of failure, making it nearly impossible for any government or organization to bring down the BTC network. > > **25/7/365** > > Bitcoin doesn't have afternoon or weekend closing times like conventional financial markets do. Bitcoin can be traded 365 days a year, around the clock. Furthermore, sending bitcoin is quicker than making a bank transfer. The Bitcoin network is accessible to everyone. It is an open peer-to-peer network that everyone can utilize, regardless of where they reside or how much money they have. > > **Self Custody** > > Self-custody is vital for cryptocurrencies like bitcoin. You don't have to rely on a single corporation, a bank, or legal documents to acquire full ownership of your possessions. In nations around the world with weak property rights, this has a huge impact and gives people more power and control over their finances. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpui9i/top_coins_bitcoin_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.
User: RustyPoetatoes
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvt9rw/
Posted: November 26, 2022 14:43:12
Comment: Ah yes, the blockchain! Gotta include the necessary buzzwords. It will also be using a convoluted neural network to organize the mainframe into a cloud based highly secure database server. [https://www.youtube.com/watch?v=RXJKdh1KZ0w](https://www.youtube.com/watch?v=RXJKdh1KZ0w) Like this.
User: thecarbonkid
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvt4r3/
Posted: November 26, 2022 14:42:13
Comment: What I don't understand about Blockchain is how the cryptobros think it is unhackable when there's innumerable instances of it being messed with.
User: perlenbachersem
Link: /r/monerosupport/comments/z5f3bb/how_will_i_use_monero_when_its_illegal/ixvs90x/
Posted: November 26, 2022 14:35:53
Comment: Your xmr is on the blockchain, not in any wallet. As long as you have your 24/25 words, you can import it into another wallet.
User: Yorkshire80
Link: /r/economy/comments/z4w1vp/say_no_to_cbdc/ixvs7eq/
Posted: November 26, 2022 14:35:34
Comment: CBDCs will utilize Blockchain technology on an immutable and trustless ledger and be far more capable of producing transactions at a much faster rate with any amount of money amongst other things. The world is being digitized, its the 4th industrial revolution, everything will be tracked using Blockchain tech. Biometrics follows after the reconstruct due to the Great Reset.
User: bmy1978
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvrwpy/
Posted: November 26, 2022 14:33:26
Comment: The idea that blockchain will make everything decentralized is horseshit.
User: Reditadminsblowme
Link: /r/ImmutableX/comments/z4mswn/what_if_immutable_x_partners_with_the_biggest/ixvrfz3/
Posted: November 26, 2022 14:30:01
Comment: Nfts means you own the asset so you would be able to trade it on gme marketplace and on any other marketplace you see fit. Immutable has the benefit of guranteed royalties and they’re far FAR ahead than anyone else with this tech. Blockchain can only work when it’s a universal decentralized concept, so if it’s and nft then it would be tradable on the blockchain or it’s just not an nft and just another decentralized token. The way it will eventually look might be surprising but the whole point of nfts is that you always have complete ownership of the asset to do with as you wish, with the creators being entitled to royalties no matter what market it is sold on. epic sells their fortnite digital coins (vbucks) in gamestop stores and others for years, and many of the gamestop nfts are made in unreal engine 5, so there is already a level of cooperation here and cross integration will come naturally.
User: noiszen
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvrcz9/
Posted: November 26, 2022 14:29:24
Comment: I for one want my contact list on the blockchain
User: Similarentertai_ :cs:
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvqwlz/
Posted: November 26, 2022 14:26:07
Comment: As a swiss person. 🇨🇭. We don’t have quantum phones talking over the Blockchain connected to the Mars starlink. So you have room improve even more. The more buzzwords the better a country is.
User: srryusrnameistaken Tin
Link: /r/CryptoCurrency/comments/z4szty/what_blockchain_would_cbdcs_hypothetically_run_on/ixvqkyb/
Posted: November 26, 2022 14:23:48
Comment: JP Morgan submitted a patent that refers to a crypto wallet. They are behind but don't want to be obsolete. As for the block chain it will probably be the fednow! Blockchain might be some bridges build to other chains. *Just my opinion*
User: Ive_got_my_willy_out
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvqkq6/
Posted: November 26, 2022 14:23:46
Comment: >and it will work on the Blockchain so it can't be rigged or hacked. A classic.
User: AutoModerator
Link: /r/TimPool/comments/z5fkxx/a_texasbased_anti_woke_bank_has_shut_down_less/ixvqixt/
Posted: November 26, 2022 14:23:24
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: frinkmahii
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvpqod/
Posted: November 26, 2022 14:17:46
Comment: Quantum blockchain is dated Web 3.0. Force sensitive powered by midichlorians is the new web 5.0. Where did web 4 go? Lost to the dark side.
User: Similarentertai_ :cs:
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvpm9d/
Posted: November 26, 2022 14:16:53
Comment: NFT’s are the future. Without nft’s we can’t get a Blockchain on to the Mars society
User: RichestTeaPossible
Link: /r/ProgrammerHumor/comments/z5e9pt/this_person_clearly_knows_what_hes_talking_about/ixvolcl/
Posted: November 26, 2022 14:09:15
Comment: He said blockchain, he must be an expert.
User: alicevi
Link: /r/cscareerquestionsEU/comments/z5b5t4/my_future_is_in_your_hands/ixvol03/
Posted: November 26, 2022 14:09:11
Comment: If you like to gamble your future on some stranger's advice, Blockchain is your pick.
User: SoftPenguins Silver | QC: CC 288, BTC 37 | ADA 63 | r/WSB 20
Link: /r/CryptoCurrency/comments/z58m24/what_was_your_biggest_loss_in_crypto/ixvnssb/
Posted: November 26, 2022 14:03:33
Comment: Defi kingdoms. Still the funnest blockchain game I’ve ever played and it’s not even close. It’s shame it ended up being exploited and becoming irrelevant. Next bull run there will be some other iteration of a game built on a chain that will be the talk of the cycle.
User: PhilCF
Link: /r/gammasecretkings/comments/z4f1zo/the_worst_breakdancing_yet_is_followed_here_by/ixvnrqh/
Posted: November 26, 2022 14:03:20
Comment: He's obviously going to end up in the sewer. It's the slowest motion turd flush in history. But I believe this is the first time that the turd actually documents his own flushing. In the history of self-owning, Brienne is the unrivalled king. I feel like it is my calling to actually meet Brian on the streets of London - when he is a good half a mile from the safety. Out comes my iPhone and I just pose impossible questions after impossible question as he scuttles towards the safety of the London Real studios. \- Where is the Freedom Platform money? \- Where is the Youtube law suit? Where is the blockchain technology broadcasting platform? \- Where are the promised accounts of the money you took from people? \- How do you square the spiritualism of Ayahuasca with the rabid materialism that you now promote? \- Why did you pay teams of people to censor comments on your content while campaigning for free speech and telling everyone that you'd defend to the death people's right to say whatever they want? These are just a few questions that I would love to ask to his face. I'd love to watch his lips quiver as I posed these questions to him - the only problem with this is that he HAS NO LIPS. I've been thinking about Brian a lot today... I need to go take a shower.
User: YnotBbrave
Link: /r/Buttcoin/comments/z4zt8a/for_those_who_thought_she_was_bluffing/ixvnpia/
Posted: November 26, 2022 14:02:53
Comment: If you die for crypto, are you getting 72 Virgin coins when you die and go to the big blockchain in the sky?
User: 1Mazrim
Link: /r/Hedera/comments/z5ebw9/bitboy_on_twitter_instead_i_moved_to_hbar/ixvnjr0/
Posted: November 26, 2022 14:01:43
Comment: Argh "It's a private Blockchain" is the first reply. No it's open source!
User: CointestMod
Link: /r/CryptoCurrency/comments/z5erb9/why_are_many_people_so_worried_and_stressed_about/ixvng43/
Posted: November 26, 2022 14:01:00
Comment: #Monero Pro-Arguments Below is an argument written by roberthonker which won 3rd place in the Monero Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **Taken from /u\/awhodothey's submission from last round** > > Assume no consumers ever care about privacy. Assume everyone is totally fine with all of their finances and purchase records being 100% visible on the blockchain to anyone who EVER pays or receives crypto from them once. Or assume crypto never catches on enough for casual consumers to realize they don't want every company to know every detail of their life... Monero will still succeed. Monero's real world market adoption will still continue to grow. > > Assume Monero was banned by every country in the world. Monero is the only coin who's market cap would be projected to increase even if it was completely banned, because Monero is the preferred coin of the black market, and black market activities are, by definition, already banned by law. > > The market cap of the black market is the market cap of every commercial activity that governments physically cannot stop. Monero's usage, market cap and price are increasing as the black market very slowly adopts Monero- despite the fact that most exchanges have already delisted XMR. Monero is the only multi-billion dollar coin that is known to have no chance at being listed on some of the biggest exchanges. So why is it worth so much still? Because unlike every other crypto, Monero is actually used as an exchange currency in the real world. > > The global black market is currently estimated to be over $10 trillion/year- larger than the economy of every country in Europe. If the global black market were a country it would be the second or third largest economy in the world. > > https://www.forbes.com/sites/benzingainsights/2011/11/07/rise-of-the-shadow-economy-second-largest-economy-in-the-world/?sh=4198b6cf4a0e > > The anonymity of Monero is comparable to the anonymity of cash, but Monero is much cheaper and faster than cash transfers. Further, because Monero does not need to be physically transfered or stored, it is much safer and greatly reduces the risk of violence and theft to black market participants. > > But what if every single centralized exchange removed Monero? It's too late. All the necessary pieces are already on the board. Atomic swaps with bitcoin are live, and wallets are rushing to integrate decentralized, trustless BTC to XMR exchange. Secret Network already has a tokenized version of Monero (sXMR) on the testnet of Secret Swap (a private, decentralized exchange that anyone can use without KYC). Every major crypto will be convertible to Monero. And options like "localMonero" already exist for anyone who wants to convert cash or refillable debit cards directly to Monero. > > Monero is the leading privacy coin, and the only trustless privacy coin with a network effect and proven track record of real world use. It is privacy by default, and users have no risk of forgetting to enable privacy. The Monero network is highly decentralized and open source and does not require users to trust its creators. The community is active and passionately unified around the core objectives of creating a real decentralized currency that is private. The IRS's bounty for anyone who can crack Monero is a testament to years of proven success. > > Monero is *the* crypto currency of the black market. Monero has no competition in that market, and it leaves no room for another coin to prove itself. Worst case scenario, Monero is outlawed and rejected by all law abiding citizens of the world. Monero would eventually replace blackmarket currencies and make some black market practices, like money laundering and off shore banking, entirely unnecessary. > > There is no need for slow, extremely expensive off shore banking practices that carry privacy risks (like the Panama papers that leaked account holder's names) and security risks (like the government reforms that have lead to account confiscations). Monero is cheaper, faster, easier, safer, and more private. It makes off shore banking completely obsolete. > > The market cap of gold is about $11 trillion. Low end estimate of the offshore banking market cap is $20 trillion. At $222, the current market cap of Monero is about $4 billion. When Monero's market cap reaches 1% of the low estimate of the illegal global offshore banking market, that will make each Monero worth more than $11,000. > > https://www.forbes.com/sites/frederickallen/2012/07/23/super-rich-hide-21-trillion-offshore-study-says/?sh=191f47fa6ba6 > > Monero will inevitably become a major currency of the future. Probably nothing can stop that, so you may as well think about your privacy and choose to use it to protect your perfectly legal transactions too. Fortunately, Monero is designed to be a currency, not a store of value with a fixed supply that discourages spending. > > Black market adoption will put buy pressure on XMR, and that demand will slowly drive the price up. Monero may not be the fastest growing investment opportunity, but that's what makes it a better currency. I can't name an investment that would be lower risk, or name a better crypto currency. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmttk/rcc_cointest_coin_inquiries_monero_proarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Monero) to find arguments on this topic in other rounds.
User: AffectionateSize552
Link: /r/energy/comments/z594re/how_can_blockchain_help_decarbonise_the_energy/ixvneow/
Posted: November 26, 2022 14:00:44
Comment: Actually, there are uses for blockchain other than cryptocurrency. This might be an example of a legit, non-pyramid-scheme financial-bubble energy-wasting just-plain-evil use.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5ewq5/why_do_people_trust_binance_if_over_50_of_their/ixvne1y/
Posted: November 26, 2022 14:00:37
Comment: #Tether Pro-Arguments Below is an argument written by CreepToeCurrentSea which won 1st place in the Tether Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [USDT](https://tether.to/en/transparency/) is a stablecoin (stable-value cryptocurrency) issued by Tether, a Hong Kong-based company. The token is pegged to the USD by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation. Initially named as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin's blockchain using the Omni platform, it was later renamed USTether and, finally, USDT. In addition to Bitcoin, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains. > > # PROs > > **USDT is well established** > > It has built a long history of resilience, reliability and trust because it has been around for a [while](https://www.wsj.com/articles/BL-MBB-23780) (around 8 years in the cryptocurrency market). This had helped to convince clients that the stablecoin is [legitimate](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink). > > As of this year, USDT currently is in the top ten cryptocurrencies by [market cap](https://www.coingecko.com/en/coins/tether) with a 24-hour trading volume of around 45 billion dollars and a total number of addresses of up to 4.5 million. In its last known [audit](https://www.fairyproof.com/doc/111.pdf) in 2021 it has been considered to have *"No vulnerabilities with critical, high, medium or low-severity."* > > **Wide acceptance** > > Tether has multiple gateways for customers (retail, exchanges, and companies) because it is built on several leading [blockchains](https://tether.to/en/supported-protocols), including Algorand, Avalanche, Bitcoin Cash's Simple Ledger Protocol (SLP), Ethereum, EOS, Liquid Network, Omni, Polygon, Tezos, Tron, Solana, and Statemine. These transport protocols are made up of open source software that interfaces with blockchains to allow for the issuance and redemption of Tether tokens. > > Furthermore, it has been available on major exchanges such as Bitfinex, Binance, Coinbase, Kraken and [more](https://www.coingecko.com/en/coins/tether#markets), Offering a plethora of pairs for users to choose from or that of which is available in their region although as of lately some exchanges have been switching to Circle's USDC over growing concerns of legal issues related with Tether. > > **Buffer against volatility** > > One of the primary functions of stablecoins is to act as a [hedge](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) when crypto markets are in a downturn. Because the aforementioned market is extremely volatile, traders and investors want some sort of buffer against this without having to directly trade their crypto for fiat as to also avoid larger fees as well. Supported by its large market capitalization, USDT should be less volatile and thus safer. > > **Announcement of a full audit** > > Tether's CTO Paolo Ardoino recently stated in an [interview](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) with Euromoney that the company is preparing for a full audit with an accounting firm called MHA Cayman (which also handles Tether's [quarterly assurance opinions/reports](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf)). According to the CTO in the interview, MHA Cayman is one of the "*top 12*" accounting firms, and most top accounting firms deny requests for full audits due to the associated reputational risks. In the future, hopefully, this will provide more security and transparency to its users against the number of allegations and investigations it is currently facing. > > **Despite everything, USDT is still here** > > From the past legal troubles it has faced, the ones it's facing right now, the vast amount of criticisms from different facets off the internet and the several crypto winters it endured. USDT is still alive and kicking. Will it still be the top stablecoin in the next 5 years? Unlikely, but I am for certain it was a major part for the growth and expansion of crypto's fetal years. Moving forward it's up to them, the people behind Tether, if they will finally redeem themselves against all the allegations, criticisms, troubles, and not just do another settlement. > > ^(Sources:) > > [^(https://tether.to/en/faqs/)](https://tether.to/en/faqs/) > > [^(https://tether.to/en/supported-protocols)](https://tether.to/en/supported-protocols) > > [^(https://tether.to/en/transparency/)](https://tether.to/en/transparency/) > > [^(https://tether.to/en/transparency/#reports)](https://tether.to/en/transparency/#reports) > > [^(https://en.wikipedia.org/wiki/Tether\_(cryptocurrency))](https://en.wikipedia.org/wiki/Tether_(cryptocurrency)) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/5UWgHMvz071t2Cq5yTw5vi/c9798ea8db99311bf90ebe0810938b01/TetherWhitePaper.pdf) > > [^(https://www.wsj.com/articles/BL-MBB-23780)](https://www.wsj.com/articles/BL-MBB-23780) > > [^(https://www.certik.com/projects/tether?utm\_source=CMC&utm\_campaign=AuditByCertiKLink)](https://www.certik.com/projects/tether?utm_source=CMC&utm_campaign=AuditByCertiKLink) > > [^(https://www.coingecko.com/en/coins/tether)](https://www.coingecko.com/en/coins/tether) > > [^(https://www.fairyproof.com/doc/111.pdf)](https://www.fairyproof.com/doc/111.pdf) > > [^(https://www.coingecko.com/en/coins/tether#markets)](https://www.coingecko.com/en/coins/tether#markets) > > [^(https://www.researchgate.net/publication/341245986\_Are\_stablecoins\_truly\_diversifiers\_hedges\_or\_safe\_havens\_against\_traditional\_cryptocurrencies\_as\_their\_name\_suggests)](https://www.researchgate.net/publication/341245986_Are_stablecoins_truly_diversifiers_hedges_or_safe_havens_against_traditional_cryptocurrencies_as_their_name_suggests) > > [^(https://www.researchgate.net/publication/339263534\_What\_is\_Stablecoin\_A\_Survey\_on\_Price\_Stabilization\_Mechanisms\_for\_Decentralized\_Payment\_Systems)](https://www.researchgate.net/publication/339263534_What_is_Stablecoin_A_Survey_on_Price_Stabilization_Mechanisms_for_Decentralized_Payment_Systems) > > [^(https://www.researchgate.net/publication/332458820\_Is\_Cryptocurrency\_a\_Hedge\_or\_a\_Safe\_Haven\_for\_International\_Indices\_A\_Comprehensive\_and\_Dynamic\_Perspective)](https://www.researchgate.net/publication/332458820_Is_Cryptocurrency_a_Hedge_or_a_Safe_Haven_for_International_Indices_A_Comprehensive_and_Dynamic_Perspective) > > [^(https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information)](https://www.euromoney.com/article/2a8dpi4tnxahuu98a251c/fintech/cryptocurrencies-tether-is-open-to-providing-more-information) > > [^(https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether\_Assurance\_Consolidated\_Reserves\_Report\_2022-03-31\_\_3\_.pdf)](https://assets.ctfassets.net/vyse88cgwfbl/1np5dpcwuHrWJ4AgUgI3Vn/e0dac722de3cea07766e05c52773748b/Tether_Assurance_Consolidated_Reserves_Report_2022-03-31__3_.pdf) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuiec/top_coins_tether_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Tether) to find arguments on this topic in other rounds.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5ewq5/why_do_people_trust_binance_if_over_50_of_their/ixvnd8v/
Posted: November 26, 2022 14:00:27
Comment: #Binance Coin Con-Arguments Below is an argument written by Blendzi0r which won 1st place in the Binance Coin Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > First published on: [24.09.2021](https://www.reddit.com/r/CryptoCurrency/comments/og2b3t/comment/he59nit/?utm_source=share&utm_medium=web2x&context=3) > > Last edited on: 07.10.2021 > > # Intro > > Binance Coin (BNB) was launched in July 2017 and it was initially an ERC-20 token on Ethereum. In April 2019, it moved to its own blockchain called Binance Chain. Today, it operates on two blockchains, the other one being Binance Smart Chain. The coin is issued, developed and maintained by the biggest cryptocurrency exchange – Binance. > > # Cons > > **BNB is centralized** > > The biggest downside of BNB is that it goes against the core principle of cryptocurrency – it’s not decentralized. BNB network is secured by **only 21 nodes/validators** when for example ETH has around 9 000 nodes/validators. > > But that’s not all. In order to become a validator, one must own 10 000 BNB coins. Since April 2021, the price of BNB fluctuates mostly between $300-$400. That means a validator-to-be has to invest more than $3 million. Validators also need cutting-edge hardware and very good internet connection but this shouldn’t pose a problem for someone who has more than $3 million dollars. > > Also worth pointing out is the fact that **more than 80% of BNB is either owned or custodied by Binance** and top 100 wallets hold more than 70% of BNB (compare to around 40% for ETH or 16% for BTC). > > ​ > > **The future of BNB depends on Binance** > > BNB is not only centralized but it also depends heavily on the success of Binance. If Binance was to become less popular, BNB will most probably be also affected. Lately, Binance is having regulatory problems in several countries, most notably in the US, the UK, Japan and Thailand. > > Binance is also under constant threat of being a victim of hackers. In May 2018, it was hacked and 7 000 Bitcoins were stolen. Any Binance security breach is sure to affect the price and future of BNB. > > ​ > > **Regulatory scrutiny and ongoing investigations against Binance** > > Regulators in many countries decided to warn against trading on Binance, banned it from certain activities (e.g. derivatives) or even banned it completely. Some of the banks have blocked their customers from making payments to and from Binance. > > In May 2021, the Justice Department and Internal Revenue Service informed that Binance Holdings is **under investigation for money-laundering and tax evasion**. > > It is also probed by the Commodity Futures Trading Commission (CFTC) over concerns that its employees exploited access to data on millions of transactions (market manipulation and insider trading). > > ​ > > **Binance Smart Chain – blockchain of copycats and scammers?** > > BSC is a copy of Ethereum and as such it’s also full of projects that copy ETH projects. BSC’s Pancakeswap copied ETH's Uniswap, Alpaca Finance copied Yearn Finance, yieldwatch copied Zapper and so on. And then there are copies of those copies. **BSC doesn’t offer too many original and innovative projects.** > > BSC is also very popular among “developers” (read: scammers) whose only intention is to get rich quick. It’s hard to keep up with how many BSC projects got “hacked” (read: rug pulled) and the chain is only one year old. > > This slowly makes more and more people skeptical about BSC. > > ​ > > **Rules can change at any time** > > Binance can change their policy at any time. Take for example the discount users get when paying for transactions with BNB. According to the whitepaper, the discount was to be halved every year but in 2019 Binance decided it wants to keep the discount at 25% and resigned from further halvings. This is of course positive for users but **nothing stops Binance from making less positive changes** in the future. > > (I also found information that Binance has changed the rule regarding quarterly burns in their whitepaper v2 but I couldn’t verify it as whitepaper v2 is nowhere to be found.) > > ​ > > **Ethereum 2.0 and other competitors** > > Successful upgrade of the Ethereum network might make BSC less attractive. When Ethereum has competitive transaction fees, the main advantage of BSC will be gone. If most developers work on Ethereum now, despite ridiculously high fees, **BNB may suffer a serious hit** when those fees are finally lowered. > > And there are more rivals on the horizon. Recently, Cardano successfully launched their smart contracts. Solana is becoming popular. There is also Polkadot, Avalanche, Algorand, Terra… The competition is growing and a centralized project like BNB might not survive in a decentralized world of cryptocurrencies. > > \_\_\_\_\_\_\_\_\_\_\_\_\_\_ > > **^(Sources:)** > > [^(https://www.binance.com/en/support/faq/115000583311)](https://www.binance.com/en/support/faq/115000583311) > > [^(https://www.binance.com/en/bnb#COIN-BURN)](https://www.binance.com/en/bnb#COIN-BURN) > > [^(https://www.binance.com/en/bnb#BNB-RIGHT)](https://www.binance.com/en/bnb#BNB-RIGHT) > > [^(https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04)](https://www.binance.com/en/support/announcement/2af5831727164545b8a2c665fae8bc04) > > [^(https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html)](https://finance.yahoo.com/news/binance-coin-bnb-why-interesting-110049570.html) > > [^(https://www.investopedia.com/terms/b/binance-coin-bnb.asp)](https://www.investopedia.com/terms/b/binance-coin-bnb.asp) > > [^(https://trading-education.com/pros-and-cons-of-investing-in-binance-coin)](https://trading-education.com/pros-and-cons-of-investing-in-binance-coin) > > [^(https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\\source=Reddit&utm\_medium=Social&utm\_campaign=CryptoCurrency-BSC-article)](https://guarda.com/academy/blockchain/what-is-binance-smart-chain/?utm\source=Reddit&utm_medium=Social&utm_campaign=CryptoCurrency-BSC-article) > > [^(https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market)](https://www.finextra.com/blogposting/20815/binance-and-regulatory-scrutiny-changing-times-for-the-crypto-market) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/tuwu8i/top_coins_binance_coin_conarguments_april_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_binance_coin=) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: bluesatin
Link: /r/TrueReddit/comments/z5a4mi/former_ceo_of_alameda_research_caroline_ellison/ixvn1ss/
Posted: November 26, 2022 13:58:18
Comment: > crypto is just another way of determining digital ownership of something Cryptobros falling at the first hurdle as always, crypto systems don't have any way of determining ownership, they only have ways of verifying possession/access to the tokens on the blockchain. And just because you have possession of something doesn't mean you own it. Hence why they had to fork the entire Ethereum blockchain early on after a thief stole a huge amount of tokens from people. The thief had gained possession of the tokens, but they weren't the owner of them, but since blockchains do not care about and cannot verify ownership, the only solution was to create a new copy of the entire blockchain and restart it from before the thief stole all the tokens. And if blockchains can't even even be used to verify the ownership of tokens held on the blockchain, they're certainly not equipped to deal with verifying ownership of anything the tokens reference that exists outside of the blockchain. > also i love how shitty truereddit is and has been for several years now. using the downvote as a disagree button. i apologize for not saying "crypto bad" and trying to present an alternative viewpoint. I mean it's good reddiquette to downvote incorrect and/or misleading information.
User: morten_s
Link: /r/Wallstreetsilver/comments/z5eff4/do_you_guys_really_believe_silver_andor_gold_will/ixvmw74/
Posted: November 26, 2022 13:57:11
Comment: Think it's more a question of what is going away and what will remain with us. No paper ever does not return to intrinsic value, which when happens, the hard money always remains (eg. pm's). Bitcoin has also been modeled to be a hard money (been studying btc since 2013, mining etc) but it is still experimental, and I don't think it's a question of either pm's or btc. I think it's a question of withering paper vs hard money, and pm's still have uses and features btc has not. They are physical, can be used even without internet (local trading, remember all rural places even without access), are nice to look at, and have absolutely zero counterparty risk in your possession (unlike btc even if in air gapped cold storage, internet is a counterparty-risk to the blockchain, not to speak of exchanges, but those will hopefully turn decentralized too with time), and yes, pm's are 100% fungible (metal can be remelted etc), whereas btc still needs alot of development to fully accomplish that (eg. with second layers like Lightning, onion routing).
User: sinful_sophistry Stake your coins and earn NaN% APY
Link: /r/Buttcoin/comments/z50pkv/taking_bets_for_if_binance_collapses_this_by_eoy/ixvmjpw/
Posted: November 26, 2022 13:54:45
Comment: BUSD (ERC-20) is BNB on the Ethereum blockchain issued by Paxos. They have some regulations governing them. It's nothing close to an actual audit, but they are about as reliable as you can get when it comes to the festering swamp that is stablecoins. BUSD (BNB) is a completely different beast. It's a manually 1:1 bridged over BUSD on the Binance Smart Chain. People who have looked into it have found the contract handling the conversion seems to be at par right now, but the bigger issue is Binance controls the contract and the chain. They can freeze your BUSD (BNB) that's in your own wallet, and should Binance go under, there might not be anyone left to convert BUSD (BNB) back to BUSD (ERC-20) for you to hand over to Paxos for dollars.
User: Spurious_Hemorrhoid
Link: /r/Wallstreetsilver/comments/z5eff4/do_you_guys_really_believe_silver_andor_gold_will/ixvmd3z/
Posted: November 26, 2022 13:53:28
Comment: Best solution is a hybrid. Blockchain ledger for verification and transfer, and full physical gold/silver backing. You could pull metal from an exchange for large amounts or ATM type vending machines for smaller quantities. Paper currencies with sufficient security features could also coexist with readily accessible exchange to verified metals. You want to send money to a friend or purchase a house? Use the Blockchain to enact transfer. Want to safely store value in an anonymized way, pull metal from a Blockchain based exchange and move it out of the system. We shouldn't be wasting energy with crypto mining. Let the store of honest, fungible energy value be the metals and let Blockchain do what it does best, namely immutable verification and transfer protocols.
User: transcribot Bot Transcriber in Training
Link: /r/TranscribersOfReddit/comments/z5euss/programmerhumor_image_this_person_clearly_knows/ixvm6dk/
Posted: November 26, 2022 13:52:10
Comment: Matt Wallace @MattWalIace888 Do you support Elon Musk making a Tesla phone? Tweet übersetzen 23:30 • 25.11.22 • Twitter for iPhone 5'922 1'073 Retweets Zitierte Tweets „Gefällt mir"-Angaben 98.8K Nicholas Veniamin e @nickveniamin • 18h Antwort an @MattWallace888 Yes. Tesla phones will be Quantum. We will be using them to vote for policy, not people, and it will work on the blockchain so it can't be rigged or hacked. 100% decentralized. Including banking. No more federal reserve & much more. Power to the people. @elonmusk Q 174 158 0 1'169 t --- vv1662337042 | This message was posted by a bot. | [FAQ](https://www.reddit.com/r/TranscribersOfReddit/wiki/index) | [Source](https://github.com/GrafeasGroup/tor_ocr/) | Questions? [Message the mods!](https://www.reddit.com/message/compose?to=%2Fr%2FTranscribersOfReddit&subject=Bot%20Question&message=)
User: SmokieThaBear1017
Link: /r/CashApp/comments/z51jzb/bitcoin_withdrawal_over_48_hours_i_still_havent/ixvm14n/
Posted: November 26, 2022 13:51:07
Comment: Did u check the blockchain ?
User: wrongerontheinternet
Link: /r/Buttcoin/comments/z57r5c/kraken_uses_the_same_auditor_as_ftx_no_biggie/ixvlw8d/
Posted: November 26, 2022 13:50:11
Comment: This is the misconception they were hoping to create by pretending "proof of reserves" is some fancy blockchain thing. The way it works is, they give you an id, then you use that id to look up some entry on the auditor's website. If the entry on the website matches what you held at the time on Kraken, this is decent evidence that they actually had the reserves at the time (not foolproof since they could double count wallets), with a *very* important caveat. That caveat? You have to trust the auditor! In other words their proof of reserves is *entirely* dependent on the audit being legitimate, Merkle tree magic doesn't do anything at all.
User: donaudelta Tin
Link: /r/CryptoCurrency/comments/z5bjtx/this_is_now_the_secondlongest_bear_market_ever/ixvlsxh/
Posted: November 26, 2022 13:49:32
Comment: unpopular opinion: interest had shift from many-many boring coins with only promises, towards some coins used for real apps. matic, eth. btc. monero. we'll see practical apps for blockchain, nfts, gaming,... coins won't come back. don't shoot, prepare for what's to come. stay informed. and don't put hope where there isn't.
User: maybe_cuddles
Link: /r/learnprogramming/comments/z4lpiu/is_life_a_for_loop_or_a_while_loop/ixvls9w/
Posted: November 26, 2022 13:49:25
Comment: So it's like a blockchain :trollface:
User: GhostOfMcAfee
Link: /r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixvln2z/
Posted: November 26, 2022 13:48:24
Comment: Interesting concept, especially if it cuts out underwriters, which take a hefty cut. It would still need someone to do the SEC filings. My guess is it could be part blockchain part TradFi at first. The cool part about it is that it opens up the possibility for local investment via bond purchases. Most municipal bonds are bought by large institutions and funds. A blockchain round could maybe open up the ability for people to invest in their own community.
User: AutoModerator
Link: /r/TimPool/comments/z5ep1e/who_do_you_think_called_tim_at_the_end_of_todays/ixvl5w0/
Posted: November 26, 2022 13:45:01
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: Savage_X 🦄 Ξ
Link: /r/ethfinance/comments/z4zqum/daily_general_discussion_november_26_2022/ixvkwjs/
Posted: November 26, 2022 13:43:13
Comment: Earning issuance is definitely harder now. This is true of any successful blockchain... it becomes more and more difficult to earn the issuance as the competition increases. This is not really a POW vs POS thing. You cannot find Bitcoin blocks with a few thousand dollars worth of equipment - best you could do is hook it up to a pool and get a small fraction of the issuance. Similarly with POS, if you do not want to make the large up front investment to find your own blocks, there are ways to fractionalize those returns via pools or derivative tokens. And increasingly, there are other ways to get exposure to this revenue by investing in companies that specialize in it. POW has Marathon and Riot, POS doesn't really have any public companies yet with that as their primary business, but they'll come eventually as the space matures.
User: jackieo01
Link: /r/CryptoCurrency/comments/z5asfm/what_projects_are_continuing_to_build/ixvk2ds/
Posted: November 26, 2022 13:37:25
Comment: DASH has kept on buildin'. DASH's all time top price was like $1600. Now, its barely $40. Still, DASH's got a paid team to work on the code and write its program updates. DASH is honestly the only coin that's kept on buildin' fr. Cuz DASH's got a paid treasury, they can afford to keep on truckin' during this downmarket. [DASH Platform bouta drop in a couple months](https://www.dash.org/blog/decentralized-storage-and-dash-platform/). That update'll give usernames on the blockchain, , storage on the masternodes, and lotsa other cool stuff. Its been a long wait for sure.
User: Pomerilly
Link: /r/loopringorg/comments/z59qse/why_does_loopring_always_seem_to_get_such_a_raw/ixvjyh9/
Posted: November 26, 2022 13:36:41
Comment: > XRP at #7, what the actual fuck? Who is holding this crap? Bro, I don't know if you were around crypto in 2016-2017, but Ripple and Ethereum were the frontrunners at the time - two of the best alternative applications for the blockchain-consensus-ledger. Had it not been for the SEC, Ripple would have potentially been standing next to Ethereum and Bitcoin today in terms of adoption. XRP is not just a shitcoin lol.
User: andrew-skiff
Link: /r/ProtonMail/comments/z4wmgg/trying_to_decide_between_skiff_and_proton_mail/ixvjvw0/
Posted: November 26, 2022 13:36:12
Comment: I'm the CEO and this is untrue. Skiff is not blockchain based. We've chosen to use crypto-friendly encryption algorithms - elliptic curves - because the past history (PGP) of email encryption is outdated.
User: TheMissingNTLDR
Link: /r/SHIBArmy/comments/z5dxfu/coinbase_wallet/ixvjvgn/
Posted: November 26, 2022 13:36:07
Comment: Check on ETHERSCAN blockchain first to see if it actually is in your own Wallet still? Replace with your actual **WALLET-ADDRESS** in this URL and paste in Internet Browser: https://etherscan.io/tokenholdings?a=WALLET-ADDRESS
User: AutoModerator
Link: /r/TimPool/comments/z5egls/what_are_your_views_on_nick_fuentes/ixvjoq9/
Posted: November 26, 2022 13:34:52
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: KiFastCallEntry
Link: /r/Bitcoin/comments/z5am8c/is_muun_wallet_good/ixvjoiv/
Posted: November 26, 2022 13:34:50
Comment: >low fees A (non-custodial) wallet itself doesn't charge you any fee (because it's nothing more than a piece of software which allows you to move bitcoins on the blockchain) - the transaction fee goes to miners. If there's congestion (mempool backlog, so that your transaction has to wait before getting its first confirmation) you then have to compete with other users by raising fee rate (sat/vbyte) to prioritise your transaction - RBF helps you in this situation by allowing you to raise fee rate afterwards. >frequently transacting In my opinion, I don't recommend keeping bitcoins in your own (non-custodial) wallet if you transact very frequently, because blockchain confirmation not only takes relatively long/unpredicatable time but also charges you miner fees (mentioned above). If your exchange/service supports lightning network you can then keep self-custody without the confirmation waiting time/miner fee problems, however LN fundamentally cannot be restored by your mnemonic words because channel data cannot be deterministically derived from it. Some wallets like [Phoenix](https://phoenix.acinq.co/) developed by ACINQ are able to handle this problem for you (so that you as the user can still keep nothing more than the 12-word mnemonic phrase), however you rely on their service in this case, which kind of violating the definition of self-custody.
User: likejoanbaezux
Link: /r/playtoearngames/comments/z2ubsi/any_decent_nodes_out_there_like_gala/ixvjbkp/
Posted: November 26, 2022 13:32:15
Comment: You can take into consideration the Sylo Network, it's a decentralised communication and by running a Sylo Node and activating a Seeker, users earn Sylo Tokens in exchange for their device providing communication services to the network. And with Ankr, you can easily deploy and manage a validator node on your favorite blockchain and earn passive income without paying any commission. Both are worth considering.
User: coinfeeds-bot Approved CC Bot
Link: /r/CryptoCurrency/comments/z5dg4s/ben_armstrong_spreads_fud_calls_on_solana_asking/ixvj36l/
Posted: November 26, 2022 13:30:36
Comment: tldr; Crypto influencer Ben Armstrong, the founder of BitBoy Crypto, is spreading FUD statements about the Solana blockchain. Armstrong said, ‘Solana is dead’ and that there may be no other way to save the network. However, SOL gained 15% in seven days, with a 3.32% increase in its market cap. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
User: AutoModerator
Link: /r/TimPool/comments/z5ebua/do_you_guys_admit_that_youre_far_right_or_do_you/ixvix1u/
Posted: November 26, 2022 13:29:25
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: megasva Tin
Link: /r/CryptoCurrency/comments/z4gz4g/bitcoin_worth_15b_withdrawn_from_coinbase_in_48/ixvinpd/
Posted: November 26, 2022 13:27:38
Comment: Do you know when they switched from actually generating a wallet address? I remember years ago you had the same address for each transaction you did and could track easily on blockchain
User: mreJ
Link: /r/wallstreetbets/comments/z4uybq/trying_to_explain_a_recession_to_the_new/ixvilxf/
Posted: November 26, 2022 13:27:18
Comment: Ahh, if it makes you feel any better my first two Bitcoin wallets were worth $10mm and $9mm at one point looking at them on the blockchain. If only I held onto that.
User: inat_bot
Link: /r/INAT/comments/z5e708/revshare_any_web_developers_around_open_to_join_a/ixvi3de/
Posted: November 26, 2022 13:23:42
Comment: We are sorry to inform you that r/INAT currently has a No-NFT/Crypto policy and as such this post has been removed. In the current state of the indie gamedev community, this trend seems to attract a large portion of users who think NFT are a get-rich-quick scheme without fully realizing the intense difficulty of actually creating blockchain foundation games. Making games that aren't using blockchain is already a massive undertaking that statistically fails; we cannot in good judgement contribute to aspiring gamedevs being misled on their journey with a gimmick that ultimately doesn't have any established proof-of-concept. Word Count: 58 Your post does not contain the minimum 250 words required by INAT rules. Posts are vastly more likely to succeed on INAT when they describe both the project and what they are looking for in-depth. That way anyone checking the post will know if they are able to help or are even interested in the project. The mods of INAT are very busy with a large number of modmail, the fastest way to get your post live, upon fixing the word count, will be to delete this post and try again. I noticed you don't have any URLs in your submission? If you've worked on any games in the past or have a portfolio, posting a link to them would greatly increase your odds of successfully finding collaborators here on r/INAT. If not, then I would highly recommend making anything even something super small that would show to potential collaborators that you're serious about gamedev. It can be anything from a simple brick-break game with bad art, sprite sheets of a small character, or 1 minute music loop.
User: CoitalFury17
Link: /r/Superstonk/comments/z4uxtq/whats_an_exit_strategy/ixvgqca/
Posted: November 26, 2022 13:14:07
Comment: I have a wild tinfoil speculation of what an NFT dividend might look like. Imagine every share gets a Kiraverse asset. I don't how what it would be, but it could be a very powerful asset for use in game. The holder of the NFT asses can rent the NFT to other players. The proceeds of this, through smart contracts, is shared between owner, developer and Gamestop. This assumes Kiraverse will dwarf Fortnite in popularity. God level tinfoil time: Kiraverse has a built in component that when you play, the game uses your systems resources to validate L2 transactions on ImmutableX. The player is rewarded with gas fees. Rented assets share the rewards between player and owner. Incentivizes players to rent the assets, and owners to put the up for rent. You can put your x, xx, xxx, xxxx, xxxxx, .... shares up on the rental market and just watch the cash roll in. Best part? Nobody wants to sell their shares, because they don't have to to make life changing money. Better part? Shareholders are free to claim the NFT by DRS with Computershare. Nobody is obligated too, so RC & board are in the clear. Even better part? The requirement to DRS is justifiable as the NFT is both a valuable asset and a product that a company like Gamestop is likely to create within their business model. Added bonus that the NFT is limited and on the blockchain, and has to be paired directly to the share. God tier part: by voluntarily DRS to get the NFT, the share is exchanged for an official GME tokenized stock, paired with the NFT. They cannot be separated for a bbn period of time, or maybe never. The never part makes it a permanent passive dividend of sorts. Institutions may opt out of the dividend, it doesn't matter. But after time they may realize that revenue from the dividend is more than interest from loaning shares. This is power to the players, the investors, the creators (dev's and Gamestop.)
User: AutoModerator
Link: /r/TimPool/comments/z5dyhf/no_please_continue/ixvgm3h/
Posted: November 26, 2022 13:13:18
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: Fast-Peace2092
Link: /r/arbeitsleben/comments/z5aodp/ewige_jobsuche/ixvg77g/
Posted: November 26, 2022 13:10:23
Comment: Data Science. Ich weiß nicht wer andauernd den Leuten erzählt, dass man mit Data science und Blockchain angeblich so erfolgreich werden könnte. Ja, es gibt einige absolute Experten stellen die auch richtig gut bezahlen, aber die suchen da fast immer Leute mit Doktor Titel und/oder mehrjähriger Erfahrung. Meistens werben Firmen dafür extra Leute aus den USA ab. Es gibt natürlich auch Junior Stellen, aber die sind meistens sehr rar und darum konkurrieren meistens richtig richtig viele Leute. Wenn ich ab meiner alten Uni so rumfragen würde, würden mir 9/10 Leuten sagen sie wollen was mit Data science machen, sehr oft sind das dann teilweise die Leute die noch schlecht im programmieren sind. Die Stelle kriegt dann meistens ein Überflieger der Data science kann UND im Software engineering gut ist. Dazu kommt: wer macht Data science eigentlich? Die ganzen kleinen deutschen Agenturen interessieren sich einen scheiß dafür. Die wollen alle ihren 16. Webshop an Bauer XY oder Handwerker Klaus verkaufen oder wollen irgendwelche Forschungsprojekte vom öffentlichen Träger als Industriepartner abgrasen.
User: GCW1111
Link: /r/u_GCW1111/comments/z5dth8/თბილისში_დაღამდა_და_ლამპიონების_შუქი_ანათებს/ixvfu99/
Posted: November 26, 2022 13:07:50
Comment: რა თქმა უნდა ეს მხოლოდ და მხოლოდ რჩევაა. \#GCW #GeorgianICO #GCWineGCW #GCWine #FirstGeorgianICO #FinTech #winemaker #DeFi #blockchain #კრიპტოგათამაშება
User: EdgeLord19941
Link: /r/CryptoCurrency/comments/z5dge1/how_blockchain_technology_is_used_in_supply_chain/ixvfpmr/
Posted: November 26, 2022 13:06:56
Comment: I always read a lot about how blockchain is great for supply chain but in almost 10 years haven't seen much adoption
User: Background-Box8030
Link: /r/amcstock/comments/z4ofiw/does_anyone_know_how_to_go_about_giving_amc/ixvezw9/
Posted: November 26, 2022 13:01:53
Comment: Yea the NYSE changing over to blockchain technology. This is what I believe it was truly invented for, making it way harder to short a company because of the use of cold storage
User: snowdrone
Link: /r/StableDiffusion/comments/z51gbs/this_subreddit_is_being_willfully_ignorant_about/ixvewi6/
Posted: November 26, 2022 13:01:13
Comment: Unfortunately politicians will jump on it, no matter what. And, they will link it to blockchain tech as well..
User: Draker-X Bronze | QC: CC 20 | Politics 79
Link: /r/CryptoCurrency/comments/z5cybk/congressmembers_tried_to_stop_the_secs_inquiry/ixveuyv/
Posted: November 26, 2022 13:00:55
Comment: > The March letter from eight House members—four Democrats and four Republicans—questioned the SEC’s authority to make informal inquiries to crypto and blockchain companies, and intimated that the requests violated federal law. > Rep. Tom Emmer (R-MN), whom the Republican caucus just elected as majority whip, the number three position in the House GOP leadership, led the letter. You...you mean it WASN'T just the Democratic Party that didn't want to look into the FTX situation due to SBF's political donations? *gasp* Where's my fainting couch?
User: CointestMod
Link: /r/CryptoCurrency/comments/z5dg4s/ben_armstrong_spreads_fud_calls_on_solana_asking/ixvesdn/
Posted: November 26, 2022 13:00:25
Comment: #Solana Con-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Solana Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpuike/top_coins_solana_conarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: Dee0622
Link: /r/TruthLeaks/comments/z515su/are_you_prepared_for_global_economic_chaos_food/ixvers7/
Posted: November 26, 2022 13:00:18
Comment: I found it rare also having a blockchain project that concerns with human rights since Web3 is more on pro-tech, maybe protranshumanism as well. CIP is unique man ✊
User: SatoshiNakamoto21 Tin | BANANO 7
Link: /r/CryptoCurrency/comments/z5asfm/what_projects_are_continuing_to_build/ixvei4n/
Posted: November 26, 2022 12:58:23
Comment: I think the development of Bitcoin is different than that of most of the other coins since Bitcoins code is not supposed to have so many innovations like smart contracts or other fancy Blockchain stuff. But I think that the current development of bitcoin focus more on the technology behind the coin than rather of the coin. The best sample is the lightning network, it’s part of the Bitcoin ecosystem (yes it can be used with other networks as well, but I think its most important role is in the Bitcoin ecosystem) and their are many projects trying to build usecases around it.
User: Ursamour
Link: /r/algorand/comments/z521tp/proposed_weekly_thread_what_kind_of_dapp_or_tech/ixvecuq/
Posted: November 26, 2022 12:57:19
Comment: I do love the idea of physical objects being backed by a proof of ownership on the blockchain, I just think it's very difficult to enforce the association of them in a way that makes the NFT verifiable proof of that ownership.
User: 6days1week
Link: /r/GME/comments/z5ccsi/how_did_this_mofo_buy_shares_3_days_in_the_future/ixvdw0j/
Posted: November 26, 2022 12:54:00
Comment: The market works on T+2. All purchases don’t have to be “found and delivered” for 2 days. I believe there’s a rule change trying to drop it to T+1, but it could really go to instant with blockchain technology.
User: datahoarderprime
Link: /r/ProtonMail/comments/z4wmgg/trying_to_decide_between_skiff_and_proton_mail/ixvd7px/
Posted: November 26, 2022 12:49:12
Comment: Never tried Skiff, but it's CEO seems to spend more time talking about merging email and the blockchain than anything else. I'll pass.
User: L0ckeandDemosthenes Silver | QC: XLM 307, CC 84, BTC 43 | LRC 61 | TraderSubs 19
Link: /r/CryptoCurrency/comments/z5bjtx/this_is_now_the_secondlongest_bear_market_ever/ixvcyio/
Posted: November 26, 2022 12:47:25
Comment: I already hung myself and died.... i reincarnated back to see my holdings drop further in price. I now keep my charts in daily to see green every now and again. I'm enjoying my second life as a bag holder and start working in the wendys dumpster on Monday. Anything is possible with blockchain. Even poverty.
User: KingArthas94
Link: /r/ItaliaPersonalFinance/comments/z2c3yz/coinbase_5y_bond_yields_17/ixvcrv5/
Posted: November 26, 2022 12:46:06
Comment: Prodotti importanti, seh. E' tutta una truffa inutile senza applicazioni, e per questo morirà malissimo. Se non muore dobbiamo farla morire noi perché crea solo danni enormi. https://www.tbray.org/ongoing/When/202x/2022/11/19/AWS-Blockchain
User: CointestMod
Link: /r/CryptoCurrency/comments/z5cz88/bitcoin_can_be_ddosd_offline_by_a_botnet/ixvcox6/
Posted: November 26, 2022 12:45:32
Comment: #Bitcoin Pro-Arguments Below is an argument written by Nostalg33k which won 1st place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Writing a Pro argument for Bitcoin in 2022 seems complicated because everything has been said... or did it? > > Edit: I have a small bag of Bitcoin currently valued around 600 bucks. I am also invested in crypto around 2000 bucks which are always moving when Bitcoin is moving. Financial disclosure should be mandatory in these arguments =) > > # Bitcoin is the king of POW: Why it matters and why we need a strong Bitcoin > > So as the title suggests it, the recent news from Ethereum switching from POW to POS makes Bitcoin the sole serious POW cryptocurrency. In this write up, we are going to discuss the three main strength of Bitcoin, security, decentralization, and incentive for green energy production. In this write up we are not going to talk about speculation or the financial side of Bitcoin. Bitcoin is a highly liquid asset and has become nearly universally known as an investment. Many arguments have been made in favor of Bitcoin as an investment and if you want to read one, just go to past cointests. > > ​ > > Of course, the main feature of Bitcoin is the Permissionless aspect. This won't be tackled at all as I think it deserves its own topic. > > ​ > > # 1) Bitcoin: High security > > This topic has also been talked to death: Bitcoin is ultra secure thanks to its Blockchain and the way it is verified through proof of work. To explain this let me quote IBM: > > ​ > > >Public blockchain networks typically allow anyone to join and for participants to remain anonymous. A public blockchain uses internet-connected computers to validate transactions and achieve consensus. Bitcoin is probably the most well-known example of a public blockchain, and it achieves consensus through "bitcoin mining." Computers on the bitcoin network, or “miners,” try to solve a complex cryptographic problem to create proof of work and thereby validate the transaction. Outside of public keys, there are few identity and access controls in this type of network. > > > >[IBM on Blockchain security](https://www.ibm.com/topics/blockchain-security) > > ​ > > Mining is measured in Hashrate. Here is the explanation of Hashrate: > > >Hash rate, sometimes referred to as hashrate, is a measure of the computing power on a cryptocurrency network that serves as a key security indicator. It measures the total computational power used by a “proof-of-work” (POW) cryptocurrency network to process transactions in a blockchain. > > > >[USNEWS explains hashrate](https://money.usnews.com/investing/term/hash-rate#:~:text=Hash%20rate%2C%20sometimes%20referred%20to,process%20transactions%20in%20a%20blockchain) > > ​ > > So if the hashrate measures the security of the network, one may asks themselves: "Did the security of Bitcoin slowed when the price fell ?" > > [The hashrate is at an ATH and growing making Bitcoin more and more secure as it continues to build over time](https://ycharts.com/indicators/bitcoin_network_hash_rate#:~:text=Basic%20Info,101.2%25%20from%20one%20year%20ago) > > ​ > > So Bitcoin has never been as secure as it is today which makes it ultra valuable as a way to settle financial transactions. Yes holding Bitcoin for a long time is risky but using it as a medium to settle international transaction may currently be the securest and one of the best way to do so. > > While Bitcoin is safe... what if a big part fails ? > > ​ > > # 2) Bitcoin mining: Too big to fail. > > ​ > > So this write up could be seen as a POW write up, which it is to an extent. But Bitcoin offers its history and shows that it can survive the disparition of a big part of the network. > > Decentralization allows for parts of the network to disappear and for the rest to take the mantle of securing the network. Yes, mining pools may grow too large for their own sake BUT in the end (nothing even matters) Bitcoin is heavily decentralized. It is so decentralized that, when China (which had a big part of Bitcoin mining) banned mining, Bitcoin just went through like nothing happened. Yes the hashrate fell a bit, the value too, but if we look back, it was nothing extraordinary. > > ​ > > So if Bitcoin is highly secure and if it can survive part of the hashrate going bye bye, what makes it so good? What is the difference with any POW Cryptocurrency right now? > > ​ > > # 3) Bitcoin: propping up the green energy sector. > > ​ > > POW uses energy. One of the biggest concern about POW is the energy. While Ethereum was using GPUs and was asic resistant. Bitcoin mining is built differently. A long time ago, under oath, people discussed the environmental impact of Bitcoin Mining and I made a post explaining what was said: > > ​ > > >The Energy Fud Was Killed > > The most important thing that happened: The narrative that Bitcoin is too energy intensive was totally reversed. > > Experts of the sector explained that, Wind Farms and Solar Farms, have a variable load. This variable load means that sometimes they lose money because they produce too much and there is not enough demand. Bitcoin mining provides a variable base load for these projects. What it means is that, mining can be turned on and off depending on demand. It was revealed that most of these wind and solar farms would simply not exist without Bitcoin Farming as baseline customers. > > There are still miners that are using coal plants and fossil fuel but the leaders of the industry are developing in tandem with the green energy sector. > > >[My post](https://www.reddit.com/r/CryptoCurrency/comments/s99phv/yesterday_one_of_the_most_bullish_events_ever/) > > ​ > > # Conclusion: Bitcoin is the flagship of POW and it is a feature not a bug. > > Bitcoin, thanks to its value and tokenomics is seen as a good investment, this is also why miners commit huge amount of ressources to take the hashrate to new heights. These miners help the US grid to become more and more resilient. The future of Crypto and of green energy relies a lot on Bitcoin. Bitcoin has proven time and time again that it can shoulder these changes. Bitcoin is a good piece of technology and I hope people continue to invest in it because it is doing a lot of good for our future ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpui9i/top_coins_bitcoin_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5d8z4/how_low_can_the_bitcoin_price_go/ixvcnc2/
Posted: November 26, 2022 12:45:13
Comment: #Bitcoin Pro-Arguments Below is an argument written by Maleficent_Plankton which won 2nd place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Main PROs** > > Bitcoin is currently the most popular cryptocurrency and marketcap leader. Among all the cryptocurrencies, it's the one your grandma would most likely have heard of. This is mainly due to its first-mover advantage coupled with the network effect. And since cryptocurrency value is largely based on a Keynesian Beauty Contest, it's likely to remain the most popular for years to come. > > **First-Mover Advantage**: This gave Bitcoin a huge head start over its competitors despite that it's technologically behind. If Bitcoin, Bitcoin Cash, and Litecoin were all released simultaneously, Bitcoin would lose to its competitors because its competitors have much more efficient designs with higher throughput. There are many newer networks that have 10-100x Bitcoin's throughput and have 100x cheaper fees. But the reality is that Bitcoin's first-mover advantage gave it such a huge head start that the others can't catch up. > > **The Network Effect**: This means that people will flock to whichever product has the largest user base. Whenever people first invest in cryptocurrency, they notice Bitcoin first because it's the largest and most popular. For half a decade, its name was almost synonymous with cryptocurrency. The network effect creates a positive feedback loop and makes Bitcoin's lead grow even more. Its block subsidy is also the highest, which attracts miners, thus increasing its security. > > **Anti-censorship**: Bitcoin provides partial financial censorship-resistance against sanctions and totalitarian government restrictions. It's much harder to prevent Bitcoin transactions than it is to prevent financial transactions at a centralized bank. For example, many Russians, Iranian, and North Koreans are getting around sanctions by using Bitcoin and mixers. Legal sex workers and marijuana industries are sometimes blocked from using traditional financial services due to social stigma. Bitcoin provides those workers a way to transfer funds that censorship. > > **Pseudonymous**: Bitcoin's UTXO transactions can provide moderately-high levels of obscurity. A single wallet can produce a near-unlimited amount of addresses, and there's no way to link them unless they interact with each other. It's much harder to trace UTXO-based wallets than Account-based wallets because the former creates new UTXO addresses with each transaction while Account-based blockchain wallets typically reuse the same account. > > **Cannot be counterfeited**: Cash can be counterfeited, but you can't fake transactions or UTXOs. > > **Considered a commodity**: Bitcoin is the only cryptocurrency that both the SEC and CFTC have openly stated is likely a commodity, so it has a low chance of being subjected to future securities regulations. > > ##**The Bitcoin Narratives and the Knowledge Gap** > > There are so many Bitcoin Maxis who will ignore logic and keep spreading Pro-Bitcoin Narratives of questionable accuracy. Because Bitcoin is a gateway cryptocurrency, crypto newbies will encounter it first and gobble up these narratives because they don't have the experience to know their flaws. Those who aren't technical will believe them without digging deeper. (Sadly, I may have spread a couple of these myself not that long ago.) Thus, Bitcoin tends to cult-ivate a community of block-headed maximalists who are willing to shill and meme Bitcoin all day long. > > **Here's a list of popular but questionable Bitcoin Narratives.** Regardless of whether these are accurate, they will keep spreading and contributing to Bitcoin's popularity and network effect. > > * **Maximum Supply cap guarantees scarcity and that price will keep increasing**: Bitcoin has a supply cap of 2.1 Million Bitcoins, so it's deflationary and will keep going up in price. > * **Reality**: Bitcoin is actually inflationary, albeit disinflationary, until 2140. Scarcity is questionable because it can always fork, and there are competing blockchains. There is no guarantee that price will keep going up. The maximum supply cap is also a double-edged sword since mining rewards aren't guaranteed, and Bitcoin's security will likely decline greatly decades from now. > * **Bitcoin is an Inflation Hedge** > * **Reality**: When inflation rose in 2022, Bitcoin plunged in price, proving that it's not a good inflation hedge. Instead, it tends to go up and down with the stock market, but with higher volatility. > * **Bitcoin is a great Store of Value (i.e. Digital gold)** > * **Reality**: Bitcoin's price is too volatile to make it a good Store of Value. > * **All altcoins are shitcoins**: Altcoins will never beat Bitcoin and always fail. Bitcoin has survived multiple hard forks, bug fixes, country-wide bans, and 80-90% value crashes ... unlike most altcoins. > * **Reality**: Altcoins fall harder during bear markets, but they also rise more during bull markets. The better ones also have better protocol designs than Bitcoin. Eventually, one of them could even dethrone Bitcoin. > * **UTXO batch transactions**: Bitcoin can natively batch UTXO transactions to increase to effective throughput beyond TPS. > * **Reality**: While it's true that batch transactions increase effective transfers, they only do so by a maximum of 70%, increasing effective throughput from 3 transfers/s to 5 transfers/s. There is a 40% savings in storage space, and 75% savings in fees [[Source](https://blog.coinbase.com/reflections-on-bitcoin-transaction-batching-b13dad12a12)]. Also note that account-based smart contracts can save similar amounts of storage and fees, so this isn't unique to Bitcoin. > * **The Lightning Network can scale Bitcoin to the global population**: The Lightning Network can greatly scale Bitcoin and enable fast peer-to-peer transactions. > * **But**: It can't scale well past 1% of the global population since users are expected to open and close channel regularly. And if 10% of the global population uses the Lightning Network, they can only open and close channels once every 8 years on average due to congestion on Layer 1. The only way to get around this is if everyone only interacts on centralized exchanges without touching the network itself. > * **Decentralization**: Bitcoin is the most decentralized cryptocurrency because it has the highest Nakamoto Coefficient when measured by individual miners. > * **Reality**: The top 3 mining pools own 60% of the network hash rate, and the true coefficient is just 3. > * **Fair launch**: Bitcoin had a fair launch. First the first couple of years, anyone had to work for their Bitcoins. There was no ICO. > * **But**: There were only ~100 miners the first several years, and that they mined out the vast majority of all Bitcoins and got a huge advantage over everyone else. > > If these are flawed arguments, why am I even listing them as Pros? **To show that even if these narratives are questionable, there are so many of them, and they will keep spreading.** For each person who realizes their flaws, two more newbies who don't bother with research will gobble them up. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpui9i/top_coins_bitcoin_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.
User: Ricola63
Link: /r/Hedera/comments/z58zyz/looks_like_emtech_will_now_also_be_working_with/ixvc8yt/
Posted: November 26, 2022 12:42:24
Comment: I usually agree with you Jeep. But in this case I am not sure its quite as simple as that (Much as I would love it to be). As I understand it, with CBDC\`s the initial implementations are very likely to be on a private network. The chances of that private network being Hedera is non existent, but even the chances of them using Hashgraph are pretty limited, even if they do work with Emtech. This is because a) Hedera is a public DLT in any case b) Other solutions have a very strong presence and track record in finance and beyond for private networks. So my expectation would be that any CB would implement its private activity on a well known private chain platform. (They may even have the Tech in house already -who knows. However, both Hedera and Emtech have recognised that to make a CBDC truly reach out to the community , across a multitude of different organisations and individuals, there would be a very high value in having their private network link to a public DLT. There is also, arguably, even good value in using one to provide an extra layer of confirmation for aspects of the activity on the private Blockchain. Hedera is ideally suited for this purpose and it is certainly, due to the relationship they have, what Emtech would likely show in any sandbox version of a CBDC. They have (I believe) been demonstrating these use cases already prebuilt....... So I suppose my question is where a CBDC says, yes, we like our Private Network, do they, at that point , make use of a public DLT as well? I suspect they will want to implement the private one before going out to the public DLT That said, I would expect the Public part of the use of the Network, in terms of Txns, to probably far exceed the private in the end, along the lines you discuss above Jeep, but as I understand it our problem is..... It will more likely be a second phase at best that we are likely to see some transactions. Which brings one more (I think smaller) challenge. If a Central Bank selects some ETH based private network for phase one then there may be some debate about using a different platform for phase 2 ie. Why not use ETH for the public network as well. While I think Hedera is a terrific platform for CBDC\`s (and getting better all the time) I think we are a bit early here. Anyway, I personally am not expecting any significant traffic on Hedera from CBDC\`s for a couple of years at best. I\`d obviously be absolutely delighted to be proven wrong tho.... And perhaps I am. You know your onions Jeep so please correct me if you have more/different/better insight. But that\`s my understanding.
User: --Django
Link: /r/conspiracy/comments/z5cesf/wikleks_once_a_liberal_media_heartthrob_has_been/ixvbujk/
Posted: November 26, 2022 12:39:35
Comment: I thought it was strange how immediately after the new narrative dropped and “Wikileaks was working with Russia” And the site is losing files daily, pretty sure it was taken over during the failed deadman’s switch, the global dds that day was unreal. The blockchain ledger rabbit hole after was interesting. one thing assange was right about were nft’s, that basically what crypto kittys were, non fungible certifications
User: suckerforthevillains
Link: /r/careerguidance/comments/z44gxn/ive_failed_at_everything_how_to_move_forward/ixvbja0/
Posted: November 26, 2022 12:37:22
Comment: If finance interests you (it's what i majored in before having to quit duecto life circumstances), consider blockchain/ crypto. There's a school i keep seeing ads for called (I think) Kingsland or Kinsgston, something along those lines. I've considered pursuing it myself
User: Next2TheLast1Trying
Link: /r/StableDiffusion/comments/z420nf/unstable_diffusion_is_going_to_do_what/ixvb5cr/
Posted: November 26, 2022 12:34:37
Comment: Since Ethereum missed their chance to do something useful with the cycles of math problem solving already in place perhaps someone like these folks might be interested. Stay with me now lol.. Proof of Learning (PoLe) based blockchain. A few proposals with various limits and short comings have been proposed but a more recent one seems to have a good portion of the PoC covered. https://www.sciencedirect.com/science/article/pii/S1389128621004965 It ain't gonna make this less sus but the sus aside if we are going to continue to burn compute cycles lets have em chew on ml training for consensus determined models to be trained. Simultaneously training, effexting promotional awareness of the chosen entity and model and depending on the models owning entity and locale the operation could potentially even be considered a donation to a tax exempt charity. Even if not it still makes more sense than juat burning cycles or letting piles of money attest to things, im pretty sure that's exactly what banks were doing in the first place more or less ;)
User: JustDownInTheMines Platinum | QC: CC 1522
Link: /r/CryptoCurrency/comments/z5cybk/congressmembers_tried_to_stop_the_secs_inquiry/ixvawqa/
Posted: November 26, 2022 12:32:52
Comment: > My office has received numerous tips from crypto and blockchain firms that SEC Chair GaryGensler’s information reporting “requests” to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation. How'd that work out, Tom Emmer?
User: whut-whut 🍸Short Sale Martini. Covered, Not Closed🍸
Link: /r/gme_meltdown/comments/z598ou/dont_cache_checkout_folks/ixvav19/
Posted: November 26, 2022 12:32:31
Comment: It's their new blockchain checkout. Every order that you place lets you see and verify everyone else's order.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5cqud/bitcoin_is_going_to_be_worth_1_million_usd_in/ixvaju7/
Posted: November 26, 2022 12:30:16
Comment: #Bitcoin Pro-Arguments Below is an argument written by Far-Scholar9028 which won 3rd place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Understanding the benefits and drawbacks of the bitcoin blockchain is essential if you're considering investing in bitcoin. Let's start off with the positives of BTC. > > **21 Million Fixed Supply** > > Bitcoin cannot be printed by governments at will, unlike fiat money like the US dollar. There are only a total of 21 million bitcoins in existence. An estimated 3.7 million bitcoins have been lost, which means they will never be found without the private key. Citizens all over the world are using bitcoin as an inflation hedge due to the continued money creation by central banks around the world. > > **Decentralization** > > The ability to conduct financial transactions without a third-party intermediary watching over the transaction is referred to as decentralization. The nodes, or individual computers that make up the Bitcoin network, are numerous. Decentralization is crucial because it precludes an attack on a single point of failure, making it nearly impossible for any government or organization to bring down the BTC network. > > **25/7/365** > > Bitcoin doesn't have afternoon or weekend closing times like conventional financial markets do. Bitcoin can be traded 365 days a year, around the clock. Furthermore, sending bitcoin is quicker than making a bank transfer. The Bitcoin network is accessible to everyone. It is an open peer-to-peer network that everyone can utilize, regardless of where they reside or how much money they have. > > **Self Custody** > > Self-custody is vital for cryptocurrencies like bitcoin. You don't have to rely on a single corporation, a bank, or legal documents to acquire full ownership of your possessions. In nations around the world with weak property rights, this has a huge impact and gives people more power and control over their finances. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpui9i/top_coins_bitcoin_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.
User: FallingSands
Link: /r/Bitcoin/comments/z5am8c/is_muun_wallet_good/ixvag87/
Posted: November 26, 2022 12:29:34
Comment: Wallets don’t have transfer fees. You pay the same network fees on the BTC blockchain regardless of wallet brand, and some exchanges charge you when you trade or withdraw, but that’s a one time charge
User: 7LayerMagikCookieBar Moderator
Link: /r/solana/comments/z5anxs/bitboy_crypto/ixva45t/
Posted: November 26, 2022 12:27:13
Comment: He seems to think it's possible to do stuff on a blockchain when it's halted. Doesn't make sense
User: teraflopclub
Link: /r/0xPolygon/comments/z2d7he/staking/ixv8zm3/
Posted: November 26, 2022 12:19:01
Comment: Good q, that's less a people question but more of a tokenomics & blockchain design question. A year ago this chap put it well [Why Polygon staked on Ethereum blockchain](https://www.reddit.com/r/polygonnetwork/comments/ppj6cc/comment/hnymox4/). There's obviously another response elsewhere but that was an excellent one by u/spookysilver2 back then. Another answer: Polygon is secured by Ethereum; it's where checkpoints are validated by the Validator nodes. If Polygon were built on Proton (Layer 1) or Metal (Layer 0) which are effectively gas-less blockchains, we'd be staking Polygon on Proton or Metal, not Polygon. If set on remaining on-chain you can stake liquidity pairs on [Quickswap](https://quickswap.exchange/#/) then farm the liquidity token on Telcoin at [TELx](https://www.telx.network/). Telcoin and Proton are growing and developing ecosystems that warrant a close look if you're seeking to optimize costs/transaction. Personally, I stake Polygon across different networks to spread operational risk and mimimize costs, as I wrote earlier, I rarely transact. I treat it like real estate, which typically has 10% actual costs *per transaction* on top of slippage/liquidity costs (i.e., imaging selling today, or buying a year ago), you can go tread water "buying up" unless you're farming renters or investor capital (refi -> return $ to investors -> refi -> add rentals, etc.). Another way to think of this, say the risk-free investment is US Treasuries at 4%. Anything above that is therefore more risky (though one can argue Treasuries are a ponzi) so any step you take along that risk trajectory must compensate you for that additional risk. So if you're looking elsewhere for something above 4%, or say, same as staking Polygon at 15% on the Ethereum blockchain but without re-stake gas fees then consider the risk you're taking on to get that extra, say, 5%.
User: AutoModerator
Link: /r/TimPool/comments/z5coe3/teenager_dies_just_hours_after_complaining_of/ixv8ysa/
Posted: November 26, 2022 12:18:51
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: siaqon
Link: /r/ethtrader/comments/yzf702/what_does_your_portfolio_allocation_look_like_and/ixv8w11/
Posted: November 26, 2022 12:18:18
Comment: 10% ETH, 40% Matic, and 50% will be MAXX. The latter has completely transforms the existing concept of time deposits on the blockchain as a completely fair, dual yield DeFi protocol.
User: Korrocks
Link: /r/TrueReddit/comments/z5a4mi/former_ceo_of_alameda_research_caroline_ellison/ixv8ows/
Posted: November 26, 2022 12:16:50
Comment: Sure, but it's hard for me to read through the stories of companies like FTX, Bitfinex, and QuadrigaCX or hedge funds like Alameda and Three Arrows Capital and come away with a high regard for the industry. The fact that FTX, which was one of the most reputable and well regarded firms in the field until a few weeks ago, turned out to have worse governance and internal controls than Enron (!) should be a huge eye opener for everyone in the industry. But instead of looking inward and fixing their shit, the focus within the industry seems to be trying to portray Sam BankmanFried as an isolated case or trying to find a scapegoat outside of the industry such as Gary Gensler. There may be some utility to blockchain technology as a proof of ownership mechanism as you describe, but IMHO the proliferation of crypto currencies and the industry that has built up around them is mostly financial engineering and speculation (gambling). People always talk about the other uses of the technology whenever the industry is criticized, but all of the attention and money is being made in financial engineering applications as far as I can tell.
User: aleksomega
Link: /r/BattleNetwork/comments/z4z2kk/does_anyone_have_knowledge_or_ideas_for_a_vr_game/ixv8n5b/
Posted: November 26, 2022 12:16:29
Comment: I’d like to help. I have some 3D modeling experience but haven’t tried it for stuff like this for the mega verse. I think it would be really cool. I’ve been learning about blockchain, and creating NFTs of digital and real world assets.
User: AutoModerator
Link: /r/TimPool/comments/z5cfz6/based/ixv7md8/
Posted: November 26, 2022 12:09:00
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: zeeshiscanning
Link: /r/kadena/comments/z4rql9/whats_stopping_other_companies_from_outpacing/ixv7dn4/
Posted: November 26, 2022 12:07:13
Comment: most are POS. Kadena is POW. And if solving the Blockchain trilemma were so easy, it would have been done by many companies within the last decade. I don't see any patents besides Kadena's?
User: LifeExtraordinaryT Bronze
Link: /r/CryptoCurrency/comments/z5bjtx/this_is_now_the_secondlongest_bear_market_ever/ixv6w1t/
Posted: November 26, 2022 12:03:37
Comment: Unpopular opinion, but for mass adoption of blockchain technology, we need: -CEX and stablecoin regulation, including mandatory reserves and deposit insurance. -Banks or other regulated financial institutions that make it easy, safe, and transparent for ordinary consumers and institutions. Then blockchain can realize its potential to make things easier and more efficient: money transfers and transactions, authentication and chain of custody, tokenization of asset titles, etc. Blockchain solves many problems, but the main issue right now is that it can't do it safely without asking too much of people. The way I see, you need regulation first, then institutional adoption, and then mass adoption.
User: ihavetopoop
Link: /r/TrueReddit/comments/z5a4mi/former_ceo_of_alameda_research_caroline_ellison/ixv6mmw/
Posted: November 26, 2022 12:01:43
Comment: you're painting a rather broad brush stroke here. if you've played any modern f2p video games, you've seen how popular digital items are (fortnite, csgo, etc). people have spent billions of dollars on them. those video game items have their ownership determined by those private company servers. crypto is just another way of determining digital ownership of something, done by public blockchain. it could be a currency or something like a video game item. a company controlling your items versus you having control of it with crypto both have their plusses and minuses. even traditional regulated funds have problems; see MF Global, Madoff, etc. crypto is unregulated, so it is more ripe for problems, however. the best way to avoid issues is to not leave your crypto with companies.
User: coinfeeds-bot Approved CC Bot
Link: /r/CryptoCurrency/comments/z5c1po/alameda_research_withdrew_204m_ahead_of/ixv6jfo/
Posted: November 26, 2022 12:01:05
Comment: tldr; Alameda Research withdrew over $204 million from FTX US before it filed for bankruptcy, according to analysis from blockchain firm Arkham Intelligence. Of the funds withdrawn, $116 million was in stablecoins pegged to the US dollar, including USDT, USDC, BUSD, and TUSD. Another $10.4 million was sent to rival rival Binance. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
User: EverythingIsFake1
Link: /r/Buttcoin/comments/z4zt8a/for_those_who_thought_she_was_bluffing/ixv6aaf/
Posted: November 26, 2022 11:59:14
Comment: And I’m answering, and you’re also answering in a way, people hate that bitcoin and it’s blockchain technology are used to make money and thus look at it as a scam and don’t want to use it. The fact that the technology has existed for years and you’re still skeptic of its capabilities proves my point. Bitcoin was created and built on it on blockchain to encourage its use but honestly it has had the opposite effect making people like you afraid of this godless tech from hell or whatever and this makes everyone run away from it. But again it’s fine this not a religion don’t like it don’t buy, stay away from it and don’t hate on people simply because they CHOSE to put their hard earned money on it. Stop being so controlling of other peoples choices.
User: fmfbrestel
Link: /r/formula1/comments/z4l5ck/ot_just_noticed_this_mangalooking_dude_on_the/ixv5zwz/
Posted: November 26, 2022 11:57:06
Comment: An NFT lives on the Blockchain. That circled character is a physical sticker applied to a car. It is definitely fungible, since identical copies were on both sides of both cars. It is NOT an NFT. It IS an advertisement for NFTs, using the likeness of an NFT. Further, let's discuss what my comment was and wasn't. It was not an attempt to inform people which images were and were not part of an nft collection. It was an attempt to humorously defend a comment that mistakenly used the word "apart" instead of "a part". A) Wrong B) Woosh
User: DAM1313
Link: /r/Buttcoin/comments/z4zt8a/for_those_who_thought_she_was_bluffing/ixv5qcy/
Posted: November 26, 2022 11:55:09
Comment: >it is a technology that has its applications and your hate honestly sounds like envy or Every time. I'm asking you a question, why isn't it being used for any of its applications if the technological capabilities of the Blockchain are what provides value? And if that's the case, why is Bitcoin the most valuable cryptocurrency? Does it have the best Blockchain implementation? (The answer is no, by the way)
User: no_username_io
Link: /r/poker/comments/x34712/blockchainpoker_and_coinpoker_do_they_have/ixv5cw4/
Posted: November 26, 2022 11:52:26
Comment: Just discovered blockchain .poker .. you get free satisfies to play or you can deposit. I played and lost the free stuff then I sent about $1 usd before sending another $8.. not sure if it’s rigged but I lost it all. It’s fun though. I had positions where I could have walked away with double but I kept playing… be careful guys.
User: AutoModerator
Link: /r/TimPool/comments/z5c10m/how_many/ixv59wo/
Posted: November 26, 2022 11:51:50
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: AutoModerator
Link: /r/TimPool/comments/z5c043/how_many/ixv54dz/
Posted: November 26, 2022 11:50:41
Comment: Make sure to join the [discord](https://www.discord.gg/timpool) and [guilded](https://www.guilded.gg/timpool)! Also join the [BBS](https://www.unofficialtimpool.com), a blockchain, anticensorship Reddit alternative! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/TimPool) if you have any questions or concerns.*
User: Sintosa
Link: /r/MXC_Foundation/comments/z58abf/mxc_mining_tax_tool/ixv519v/
Posted: November 26, 2022 11:50:04
Comment: Because the goverment is allready on that and evrything is on the blockchain. So sooner or later they will get you.
User: keidakira
Link: /r/learnprogramming/comments/z4lpiu/is_life_a_for_loop_or_a_while_loop/ixv4zdn/
Posted: November 26, 2022 11:49:41
Comment: It’s a blockchain.
User: escap0
Link: /r/AMPToken/comments/z4us2l/pyths_involvement_with_flexa_why/ixv4x7y/
Posted: November 26, 2022 11:49:14
Comment: Flexa is partnering with DeFi dApp developers/networks to provide L2 scaling solutions (collateralizing DeFi value transfers (ie. trades, loans, payments, asset transfers, etc…). The process is very similar to their payment engine except that instead if its own payment engine dictating the instructions of when to remove and release collateral from a shared risk liquidity pool, the other DeFi dApp gives the instructions to remove and release from the pool. Those DeFi dApps would have their own Capacity websites where they can crowd-source collateral for their own shared risk liquidity pools. It appears that Flexa is providing services where it sets up other DeFi companies with a collateralization method for what ever DeFi solution they are providing. These Flexa partnerships appear to be newer development on expanding their L2 Scaling Solutions. ie. providing a collateral scaling solution to Banko Agricola to service all of its customers’ blockchain payment methods (wether they use Flexa or not at the POS). That being said, other than Banko Agricola, I am not currently aware of any DeFi dApps that are currently functioning using Flexa’s collateralization solution.
User: DAM1313
Link: /r/Buttcoin/comments/z4zt8a/for_those_who_thought_she_was_bluffing/ixv4g2q/
Posted: November 26, 2022 11:45:42
Comment: >The blockchain is technology at it purest Strip away the crypto pumper hype language please. What does this even mean? The "purest" technological invention, which is ready to provide better social media _and_ elections, but which has done neither thing in 14 years? There's absolutely no evidence of this. Actually revolutionary, mature technologies find at least one, but usually several killer use cases within 14 years of invention. You seem to be expecting us to just accept your assessment of Blockchain's potential utility, but neither you nor Blockchain has done much to support your case.
User: CointestMod
Link: /r/CryptoCurrency/comments/z5bv25/congressman_tom_emmer_more_concerned_now_that/ixv4ec1/
Posted: November 26, 2022 11:45:21
Comment: #Regulation Con-Arguments Below is an argument written by noxtrifle which won 1st place in the Regulation Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Government regulation generally refers to the degree of control that government have over something, and in this case, cryptocurrencies. Various countries around the world have mixed regulatory perspectives on cryptocurrencies, and as such have restricted whether its citizens can trade, purchase, or mine cryptocurrencies. However, this restriction of cryptocurrency adoption is not beneficial for investors and companies for several reasons: > > * **Price** > * One of the most obvious arguments against government regulation is that it will inevitably cause crypto prices to decrease, as seen when China announced (several times) its cryptocurrency bans. > * **Sacrifice of Purpose** > * The widespread implementation of government regulations [naturally bring them into the industry](https://amt-lab.org/blog/2022/3/risks-and-regulations-the-good-the-bad-and-the-ugly-of-crypto-space), which goes against the fundamental nature of cryptocurrencies as a means of transacting pseudonymously without regulatory oversight. > * If this purpose is sacrificed in pursuit of a safer space, there may very well be no space left to make safer; as most investors would pull out of cryptocurrencies because there will remain no purpose to stay invested. > * **Banking Restrictions** > * In the worst case scenario where regulation deems cryptocurrencies illegal, third-party providers may be hesitant to provide services such as bank accounts or exchanges if the government is refusing to recognize cryptocurrencies as legal tender. Without these services, investors are unable to easily withdraw or deposit their funds. > * **Reduction in Product Offerings** > * Continuing the worst-case scenario, in a world where tech companies, banks and startups are looking for ways to utilize blockchain technologies, government regulation will force them to alter their products and services in order to continue operating within jurisdictions that have banned cryptocurrency adoption. > * By narrowing down the array of investment options, the flexibility of blockchain technology will be reduced significantly. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/v2jl9o/general_concepts_government_regulation/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_government_regulation) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/z4sdjp/daily_general_discussion_november_26_2022_gmt0/).
User: AutoModerator
Link: /r/ethtrader/comments/z5btwn/binance_releases_its_proof_of_reserves_but_is_it/ixv4350/
Posted: November 26, 2022 11:43:04
Comment: Your post was removed as it mentioned an alternate blockchain in the title. Posts that mention an alternative cryptocurrency are only permitted if they also mention Ethereum or ETH *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/ethtrader) if you have any questions or concerns.*
User: jashwin97
Link: /r/csMajors/comments/z52t09/anyone_know_good_resources_to_learn_blockchain/ixv3v8w/
Posted: November 26, 2022 11:41:25
Comment: Algoexpert did just come out with their “Blockchain Expert” course which im sure is pretty good. I’ve used their products before so can vouch that they are pretty helpful
User: Obvious-Ad-1677
Link: /r/loopringorg/comments/z59qse/why_does_loopring_always_seem_to_get_such_a_raw/ixv314e/
Posted: November 26, 2022 11:35:12
Comment: I don't see how they're taking on the mainstream. They're just providing a quicker, easier, cheaper way of interacting with the Ethereum blockchain.
User: FAmos
Link: /r/TheRightCantMeme/comments/z53u67/some_of_these_things_are_not_like_the_others/ixv27ur/
Posted: November 26, 2022 11:29:04
Comment: Doesn't everyone agree SBF did more than make a mistake? That guy should be in prison for stealing from all those dumbies that trusted him with their money, and more importantly because he tarnished crypto's reputation If people weren't ignorant, they'd realize that the real use case for crypto is in decentralizing the world, not centralized banks like FTX The dream is to get rid of the greedy middle man in every industry possible. Think decentralized Uber, all the money goes to drivers The establishment wants centralized power, because they want to hold on to what they have, so they love when the average person with no power hates on Blockchain technology, those people are being their useful idiots. It was all a dream anyway, go back to sleep
User: really_that_one Platinum | QC: CC 121
Link: /r/CryptoCurrency/comments/z5asfm/what_projects_are_continuing_to_build/ixv1clq/
Posted: November 26, 2022 11:22:29
Comment: I just heard about SUAVE from flashbots. It's going to be (to the best of my understanding) a blockchain that builds blocks for other chains. Initially ethereum blocks but the L2s will follow. If this thing works, I feel like it will be industry critical infrastructure fairly rapidly
User: Lyvectra
Link: /r/ArchitecturalRevival/comments/z3ylbi/my_experience_with_modernists_so_far/ixv0tw2/
Posted: November 26, 2022 11:18:35
Comment: Blockchain tech is great, if it’s sustainable. I would love to be able to have a unique sword in my videogames that tells me the entire history of who owned it and who it killed and the various names it’s been given through the years of gameplay. But selling a digital image as if it can’t be easily reproduced with the click of a button (literally, Print Screen), is absolutely asinine. Maybe NFTs will one day be that sword in my videogame. I don’t know. More goes into it than it’s image. It’ll carry a whole digital history and in-game use that can’t be replicated by any user with a keyboard. Someone would need the game’s source code and any files related to the item in order to reproduce it, and then it would lose value once the game stopped being popular. The value would regulate itself like that, similar to the real world; popular things cost more; unpopular does not. But that sword is on the blockchain, which is useful. Any NFT is merely a thing that uses the blockchain, and isn’t inherently useful. Why would I buy an NFT when I can google search the image, print screen it (or even just right click + copy it), and use it for my custom made DND deck? I didn’t need to pay a cent to do that. The only value an NFT can have if it’s a digital image is in how securely that image is locked away from being easily accessible with copy+paste and print screen. We’re not there yet (and I hope we never will be). I understand digital artists and such may want to sell their work as an NFT to get proper payment for their work, but that’s why you show a small image and lock the huge full resolution one behind a paywall. If I want a high quality art print or wallpaper, I can buy it at that full resolution and support the artist that way. But even then you can’t stop that person from posting online somewhere else at full res. Same with any digital media. Movies. Books. Games. Creators have to rely on donations because there is no technology that is able to prevent their work from spreading once they release it. That’s the nature of the internet, of anything digital. So once someone tries to put a value on a single copy, the moment that image is released, that value drops instantly. The people playing around with NFTs as digital images right now are playing hot potato with worthless items until something more substantial comes along that can’t be so easily replicated. So does “NFT” mean any item that is protected by the blockchain, or does it mean literally any thing that can be traded on the blockchain (and images happen to be the only thing right now)? Because the first definition is just a showcase of how great blockchain technology is, which is true. The second definition means that current NFTs are an extremely dicey “investment” and people are just playing with fire until something real comes along. Be careful not to be blinded by “how great NFTs are” because they’re supported by the blockchain (the real potential) versus supporting NFT trading as a viable money making strategy.
User: coinbasesupport Official Coinbase Support
Link: /r/CoinBase/comments/z5b2kt/wallet_problem/ixv0mva/
Posted: November 26, 2022 11:17:04
Comment: Hey AlexNoBrand! The Wallet App is completed self custodial meaning Coinbase has no access to any accounts or wallets on the app. This may either be an issue with those sites or the correct blockchain is not selected to view your assets properly. As a last resort, you may also use your seed on another wallet app you trust to troubleshoot- please just make sure to do your research first! More here: https://help.coinbase.com/en/wallet/browser-extension/coinbase-wallet-extension We hope this helps!
User: kyuronite
Link: /r/BitcoinCA/comments/z3tzd9/could_somebody_please_walk_me_through_this/ixv0iff/
Posted: November 26, 2022 11:16:08
Comment: When you send bitcoin from A to B, the QR code is a representation of the payment details, which is the long string of upper and lower case letters and numbers. Double check when you scan the QR code that the address matches your withdrawal address when you make the sending request on shakepay. Once you have sent the bitcoin and the appropriate amount of coin, you should receive a transaction ID linking you to the bitcoin blockchain explorer. If it shows as confirmed, then you can take this web URL and go to your retailer and ask them for help as you have sent and had it confirmed on chain.
User: AutoModerator
Link: /r/Metamask/comments/z5b74m/lost_matic/ixv0gb7/
Posted: November 26, 2022 11:15:41
Comment: Hey! Sending tokens to the wrong network, or directly between networks without using a bridge, generally results in a loss of funds. ‘Bridging’ is a feature through which you can send your funds across different networks such as Polygon, BSC and Arbitrum. While bridging is not (yet!) offered by MetaMask, you can use a third-party bridge like cBridge by Celer Network, Multichain or Wormhole. Please always check if the address you are sending to supports the token or network you're sending from, as blockchain transactions are irreversible. If you have any other questions please do not hesitate to ask. Thanks! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/Metamask) if you have any questions or concerns.*
User: CointestMod
Link: /r/CryptoCurrency/comments/z5axnp/10000_bitcoin_withdrawn_from_wallet_of_defunct/ixv0e2o/
Posted: November 26, 2022 11:15:12
Comment: #Bitcoin Pro-Arguments Below is an argument written by Maleficent_Plankton which won 2nd place in the Bitcoin Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ##**Main PROs** > > Bitcoin is currently the most popular cryptocurrency and marketcap leader. Among all the cryptocurrencies, it's the one your grandma would most likely have heard of. This is mainly due to its first-mover advantage coupled with the network effect. And since cryptocurrency value is largely based on a Keynesian Beauty Contest, it's likely to remain the most popular for years to come. > > **First-Mover Advantage**: This gave Bitcoin a huge head start over its competitors despite that it's technologically behind. If Bitcoin, Bitcoin Cash, and Litecoin were all released simultaneously, Bitcoin would lose to its competitors because its competitors have much more efficient designs with higher throughput. There are many newer networks that have 10-100x Bitcoin's throughput and have 100x cheaper fees. But the reality is that Bitcoin's first-mover advantage gave it such a huge head start that the others can't catch up. > > **The Network Effect**: This means that people will flock to whichever product has the largest user base. Whenever people first invest in cryptocurrency, they notice Bitcoin first because it's the largest and most popular. For half a decade, its name was almost synonymous with cryptocurrency. The network effect creates a positive feedback loop and makes Bitcoin's lead grow even more. Its block subsidy is also the highest, which attracts miners, thus increasing its security. > > **Anti-censorship**: Bitcoin provides partial financial censorship-resistance against sanctions and totalitarian government restrictions. It's much harder to prevent Bitcoin transactions than it is to prevent financial transactions at a centralized bank. For example, many Russians, Iranian, and North Koreans are getting around sanctions by using Bitcoin and mixers. Legal sex workers and marijuana industries are sometimes blocked from using traditional financial services due to social stigma. Bitcoin provides those workers a way to transfer funds that censorship. > > **Pseudonymous**: Bitcoin's UTXO transactions can provide moderately-high levels of obscurity. A single wallet can produce a near-unlimited amount of addresses, and there's no way to link them unless they interact with each other. It's much harder to trace UTXO-based wallets than Account-based wallets because the former creates new UTXO addresses with each transaction while Account-based blockchain wallets typically reuse the same account. > > **Cannot be counterfeited**: Cash can be counterfeited, but you can't fake transactions or UTXOs. > > **Considered a commodity**: Bitcoin is the only cryptocurrency that both the SEC and CFTC have openly stated is likely a commodity, so it has a low chance of being subjected to future securities regulations. > > ##**The Bitcoin Narratives and the Knowledge Gap** > > There are so many Bitcoin Maxis who will ignore logic and keep spreading Pro-Bitcoin Narratives of questionable accuracy. Because Bitcoin is a gateway cryptocurrency, crypto newbies will encounter it first and gobble up these narratives because they don't have the experience to know their flaws. Those who aren't technical will believe them without digging deeper. (Sadly, I may have spread a couple of these myself not that long ago.) Thus, Bitcoin tends to cult-ivate a community of block-headed maximalists who are willing to shill and meme Bitcoin all day long. > > **Here's a list of popular but questionable Bitcoin Narratives.** Regardless of whether these are accurate, they will keep spreading and contributing to Bitcoin's popularity and network effect. > > * **Maximum Supply cap guarantees scarcity and that price will keep increasing**: Bitcoin has a supply cap of 2.1 Million Bitcoins, so it's deflationary and will keep going up in price. > * **Reality**: Bitcoin is actually inflationary, albeit disinflationary, until 2140. Scarcity is questionable because it can always fork, and there are competing blockchains. There is no guarantee that price will keep going up. The maximum supply cap is also a double-edged sword since mining rewards aren't guaranteed, and Bitcoin's security will likely decline greatly decades from now. > * **Bitcoin is an Inflation Hedge** > * **Reality**: When inflation rose in 2022, Bitcoin plunged in price, proving that it's not a good inflation hedge. Instead, it tends to go up and down with the stock market, but with higher volatility. > * **Bitcoin is a great Store of Value (i.e. Digital gold)** > * **Reality**: Bitcoin's price is too volatile to make it a good Store of Value. > * **All altcoins are shitcoins**: Altcoins will never beat Bitcoin and always fail. Bitcoin has survived multiple hard forks, bug fixes, country-wide bans, and 80-90% value crashes ... unlike most altcoins. > * **Reality**: Altcoins fall harder during bear markets, but they also rise more during bull markets. The better ones also have better protocol designs than Bitcoin. Eventually, one of them could even dethrone Bitcoin. > * **UTXO batch transactions**: Bitcoin can natively batch UTXO transactions to increase to effective throughput beyond TPS. > * **Reality**: While it's true that batch transactions increase effective transfers, they only do so by a maximum of 70%, increasing effective throughput from 3 transfers/s to 5 transfers/s. There is a 40% savings in storage space, and 75% savings in fees [[Source](https://blog.coinbase.com/reflections-on-bitcoin-transaction-batching-b13dad12a12)]. Also note that account-based smart contracts can save similar amounts of storage and fees, so this isn't unique to Bitcoin. > * **The Lightning Network can scale Bitcoin to the global population**: The Lightning Network can greatly scale Bitcoin and enable fast peer-to-peer transactions. > * **But**: It can't scale well past 1% of the global population since users are expected to open and close channel regularly. And if 10% of the global population uses the Lightning Network, they can only open and close channels once every 8 years on average due to congestion on Layer 1. The only way to get around this is if everyone only interacts on centralized exchanges without touching the network itself. > * **Decentralization**: Bitcoin is the most decentralized cryptocurrency because it has the highest Nakamoto Coefficient when measured by individual miners. > * **Reality**: The top 3 mining pools own 60% of the network hash rate, and the true coefficient is just 3. > * **Fair launch**: Bitcoin had a fair launch. First the first couple of years, anyone had to work for their Bitcoins. There was no ICO. > * **But**: There were only ~100 miners the first several years, and that they mined out the vast majority of all Bitcoins and got a huge advantage over everyone else. > > If these are flawed arguments, why am I even listing them as Pros? **To show that even if these narratives are questionable, there are so many of them, and they will keep spreading.** For each person who realizes their flaws, two more newbies who don't bother with research will gobble them up. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/vpui9i/top_coins_bitcoin_proarguments_july_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Bitcoin) to find arguments on this topic in other rounds.
User: tinyNorman
Link: /r/WhitePeopleTwitter/comments/z5ag2k/this_news_is_going_viral_everywhere_at_the_moment/ixv09bi/
Posted: November 26, 2022 11:14:12
Comment: Hey, it’s all blockchain, so what’s the difference?
User: EverythingIsFake1
Link: /r/Buttcoin/comments/z4zt8a/for_those_who_thought_she_was_bluffing/ixv03w8/
Posted: November 26, 2022 11:13:02
Comment: They’re no where lol it hasn’t been done yet but that doesn’t mean it can’t be done, because it most certainly can be done, the blockchain is ready for that. Just because it hasn’t been done doesn’t mean it can’t be done. The blockchain is technology at it purest. If you want to pay for it pay for it if you don’t don’t, but don’t claim it has no value and everyone buying it is buying into a Ponzi because that honestly just makes you guys sound dumb.
User: yourmom_fat_as_hippo Tin
Link: /r/CryptoCurrency/comments/z5asfm/what_projects_are_continuing_to_build/ixuzm1q/
Posted: November 26, 2022 11:09:14
Comment: ohhhh people shilling coins. Let's go. I am looking forward to MATIC, DOT and QNT. Not based on the price action. But mostly based on the technical developments. MATIC and QNT tries to merge web2 companies with web3, while DOT is basically a level-0 (L0) blockchain. I don't consider the price action much as you will see in the bull run, shitcoins with no team or development and named like BigDickInu will do 1000x.
User: ftball21
Link: /r/AMPToken/comments/z4us2l/pyths_involvement_with_flexa_why/ixuzcif/
Posted: November 26, 2022 11:07:12
Comment: Seeing Solana blasted all over the article is what makes me pause. Maybe it’s my bias, but Solana is a bad blockchain. Even before the FTX stuff I’ve not been a fan. The parent company being a high frequency trading firm that’s mingled with FTX is even more of a red flag..
User: apebiocomputer :cs: ComputerSharted 💩
Link: /r/Superstonk/comments/z50oh2/bicycle_playing_card_nfts_fucking_bullish/ixuz25c/
Posted: November 26, 2022 11:04:58
Comment: Right now it’s on wax blockchain? Not sure but I was excited to see that these guys are thinking about their own longevity before the shit really hits the fan.
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