cryptocurrency

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The largest cryptocurrency community on the Fediverse!

Lemmy community dedicated to cryptocurrency news, technicals, education, memes and so more!

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For a community devoted to cryptography itself, visit c/cryptography

founded 5 years ago
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From my experience, it seems that any service that offers cryptocurrency payments seems to always set them up as a one time purchase that you manually must renew periodically. Is there any standard that exists, or is in the works that supports recurring payments to a service directly from a wallet?

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Hi, currently I have some BTC stored in lendings programs at nexo and binance. Had some ETH there too, that I moved to Rocketpool recently.

I would like to move some or all of my BTC somewhere else, too. Is there anything "safe" around to make a buck or two with Bitcoin (lending, defi and so on)?

In the long term I plan on storing around 90% of my ETH and BTC on a hardware wallet and the rest in some sort of make-me-some-money-thing. Best case is an opensource decentraliced "safe-place". Yes, i know nothing is safe :)

Shitcoins will just live on exchanges in earn-programs, if some of them go bancrupt, it is just a very small amount that will be lost for me.

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The co-author of the book has scrubbed his profile of any connection to this, Jacob Silverman.

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Up to now I've made an effort to use cash to not broadcast my every movement to my bank. But as I see cash being phased out around my area I become more motivated to make an effort to contribute to the adoption of crypto, because that's a potential solution.

What are some good projects in the space that strive to replace cash? I don't care about the smart contracts, escrow, nfts, etc. I would like to have something that I can conveniently use for day-to-day transactions just like cash in the utopia in which this cryptocurrency is widely adopted. Whether the 'value' of that coin will go up or down is irrelvant, but I do care about the existence of a community working towards its adoption in real-case scenarios, and for the project to be actively developed.

Any recommendations of projects I might want to look at?

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FYI you can follow Lemmy (reddit-alternative) communities from within Mastodon; for example if you follow @crypto you will get the Lemmy crypto community.

If that spams your feed, you can also add them to lists!

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Many of you have read the TIME interview with Vitalik, speaking eloquently about an identity crisis in crypto that has grown over the past few years. What is crypto even about any more? A lot of very talented developers are asking "how" questions. Like "how can we solve the trilemma?" or "how can we get more transactions per second?" pr "how can we make the best L2?". Those are all important questions. But Vitalik is one of the few visionaries who asks "why?". Without a vision, you can ask "how?" all you want but won't be able to pick the correct answer. We must consider that we all are still early adopters: what we invest in actually matters, it might actually change the trajectory of the future. Most people still do not hold or interact with crypto even though there's superbowl ads for it.

As an example, I often here Monero fans talk about how Monero is everything Bitcoin claims to be. They say it brings privacy and autonomy like Bitcoin used to claim, it brings decentralization like Bitcoin claims to (through ASIC-resistant mining), and that it better fits the ethos behind Bitcoin. And it's hard to ignore those points, they have some validity, only a true die-hard "maxi" would say they are irrelevant. I say this as somebody who holds both, making room for nuance is important. Yet we have so much tribal infighting and gains-chasing that we fail to see, focus, and collaborate on all the real, tangible good that crypto and web3 could bring to the world. There are many, many coins which are awesome and bring unique things to the table, but simply don't get the coverage because they lack the hype or the VC backing or the promise of quick short-term gains.

As another example, there are some remarkable things happening in the DeSci space. There are blockchains that threaten to upend the way that scientific research is funded, published, shared, and capitalized on, to "decentralize" the production of science much in the same way that open source did to software development, to produce a patent-free warchest of drugs and treatments for humanity. This literally is already happening, a few months back a volunteer computing project Folding@home discovered and published new patent-free antiviral for covid which it set to enter human trials in a year. Many of you are familiar with Banano which incentivizes participation in folding@home and is in fact the top team there. Yet the DeSci topic rarely makes the front page here even though there's a half-dozen coins in it, some of which like Gridcoin have been around since 2013, long before 90% of the coins mentioned on the front page. Or the coin backed by Brian Armstrong (CEO of Coinbase) called Research Coin which is used to incentivize participation in an online science journal of sorts called ResearchHub.

And none of this even touches on the ways that blockchain technology is going to be used to change the way that democracies and governments function. Liquid voting, participatory budgeting, transparent legislative processes, oh my!

I am excited about crypto for the same reasons I always have been: because it is a technology that can fundamentally change the world for the better, and I am proud to be here as an early adopter with all of you. But as Vitalik and Edward Snowden point out, they also contain the mechanisms for turnkey fascism. If we always chase gains as our "why", that is likely where we will end up.

So I guess I am just encouraging you to ask yourself why crypto is exciting, because I think for a lot of you it is more than the "how" and more than the candle charts. What we invest in now will determine the future, so it's an important question to ask. We can chase gains, of course, but let's also encourage each other to ask questions, learn from each other, and ask why.

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Crypto can do lots of things. It can bull and bear, moon and dip, and even obtain food to dip in sauce. But did you know it can also help us cure cancer?

Some exciting news came out of the World Community Grid recently, which is a volunteer research project working on mapping the relationship between genes and health outcomes: they've identified 26 new genes associated with lung cancer. To do this, they use the computers of volunteers to crunch billions of data points over many years. Each day this project burns through about 240 years of computation (of one computer). The amount of computing power required is massive.

The cool thing about this? World Community Grid is one of about a dozen projects which is incentivized by Gridcoin (lemmy community). Instead of paying miners to just calculate hashes, Gridcoin pays miners to contribute their processing power to science projects, including to World Community Grid, Folding @ home, Alzheimer's research, mapping pulsars, and more all in a decentralized, automated manner. And it's been doing this since 2013 when they asked "What if all that hashpower going towards Bitcoin instead went to science?", making it one of the longer-lived cryptos out there that still has an active development team and user base.

I love all the cool things crypto can do. Cool to be here with y'all. Excited to see what it does next, after it's done curing cancer and exploring the universe, of course.

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XRP soared as high as 30% in response, with crypto onlookers declaring an early victory.

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