Cryptocurrency News & Discussion

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The original was posted on /r/cryptocurrency by /u/Blocks_and_Chains on 2024-01-04 13:09:34+00:00.

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The original was posted on /r/cryptocurrency by /u/dreamygeek on 2024-01-04 13:08:33+00:00.

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The original was posted on /r/cryptocurrency by /u/dreamygeek on 2024-01-04 13:08:33+00:00.

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The original was posted on /r/cryptocurrency by /u/AD1AD on 2024-01-04 12:31:12+00:00.

Transactions on UTXO chains are "atomic" (they don't depend on each other), so validating them in parallel is almost trivial. Ethereum's premise of having "global state" is a REALLY tough starting point for parallelization.

With covenants and native tokens, UTXO DeFi can technically do 99.9% of what the EVM is used for, but there's very few chains investing the time and effort to bring smart UTXO tech up to speed with established EVM infrastructure. The few that are could have a massive scaling advantage in the long term though, IMO.

What's your favorite UTXO chain? What's its biggest "DeFi" app?

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The original was posted on /r/cryptocurrency by /u/AD1AD on 2024-01-04 12:31:12+00:00.

Transactions on UTXO chains are "atomic" (they don't depend on each other), so validating them in parallel is almost trivial. Ethereum's premise of having "global state" is a REALLY tough starting point for parallelization.

With covenants and native tokens, UTXO DeFi can technically do 99.9% of what the EVM is used for, but there's very few chains investing the time and effort to bring smart UTXO tech up to speed with established EVM infrastructure. The few that are could have a massive scaling advantage in the long term though, IMO.

What's your favorite UTXO chain? What's its biggest "DeFi" app?

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-04 11:26:59+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-04 11:26:59+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-04 11:24:39+00:00.

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The original was posted on /r/cryptocurrency by /u/drjacks on 2024-01-04 11:24:39+00:00.

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The original was posted on /r/cryptocurrency by /u/Staxu9900 on 2024-01-04 09:53:10+00:00.

It’s all FUD. Shows you all how it works, like BTC owners have no brain. Some company released their opinion, about probability of ETFs approval and everyone goes monkey brain. Just take a holidays from the internet for a week ffs🤦‍♂️.

This is all so embarrassing 🙈

We all know there will be a correction. This small dip is not even a correction, but bunch of bots decided to flash sale, because someone posted a tweet 🤦‍♂️

FUD FUD FUD.

Crypto market is a bit embarrassing if you look at it from the side.

I know a lot of people think that ETFs are very important for whole crypto future, only because it would be some kind of acknowledgment, from some institution that wants crypto dead 😵 from the beginning, they are all scammers not wanting people to make too much money, because it doesn’t fall under their agenda. Only rich are allowed to be rich, poor must work and keep paying TAXES so rich don’t have to. This is a fricking circus 🤣😂

Some Matrixport released their opinion about ETFs approval, so fking what?😂🤣 I still think that SEC won’t approve shit and fck all, all that action is just another drama, another justification for sole existence of SEC, which itself is a fking joke, if we look at 2008 market crashes and everything else after that, not even crypto related 🤦‍♂️🤦‍♂️🤦‍♂️

Since 3 of January 2008, Bitcoin is still here, it actually more difficult to destroy it. Bitcoin itself doesn’t actually make a huge difference, now we have all sorts of ALT coins, which basically are fallowing Bitcoins price action, with higher volatility. That’s where the money is, it’s much more risky because of volatility and whatever you say, whole ALT market (with maybe 5 exceptions) is a huge casino and guessing game. No? So what the fck happens, when someone PROBABLY important(I don’t know, I do not give 2 fcks), express their opinion about something which shouldn’t really matter? Because Bitcoin is still here, together with its MASSIVE flaws. BTC started as a REBEL coin, now it’s just another tool to control some bunch of money in the circulation.

Next new titles on Youtube:

Blood on the market!!

SEC may not approve!!!

But Blackrock is/was in!!??

…….(insert some known name) said …….(insert whatever opinion on crypto)🚨🚨🚨

It’s under the comedy flair, but it really an analysis which is hilarious 🤣

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The original was posted on /r/cryptocurrency by /u/20yroldentrepreneur on 2024-01-04 09:42:52+00:00.

So i was just reading about this new project from pacman, the guy behind blur. it's called blast, an ethereum layer-2 that promises native staking yield in the form of more blast tokens. and it's already got over a billion dollars in deposits from the crypto community. Kinda reminds me of the whole trx thing with ftx, but on a different scale.

basically, people are depositing in ethereum and stablecoins, getting around 4% to 5% return , and earning these "blast points." they're for the blast token airdrop planned for may 2024. it's a lot like what happened with blur and their token giveaways.

but here's the twist - there's some controversy. the bridge for blast is up, but it's not connected to the actual network yet. There's no code published and people can't pull their money out till next february. paradigm, the big money behind it, even said they're not happy with how it's being rolled out. At present, any money sent to Blast goes into a five-person multi-sig wallet. Then, your ETH gets staked on Lido, and if you deposit USDC, it gets deposited to MakerDAO’s DSR

paradigm's dan robinson called them out on twitter about the launch, saying it's not cool to have the bridge before the network and lock up withdrawals.

Not to mention, the founder 'Pacman' revealed his identity as a 24-Year-Old High School, MIT Dropout. I swear, the crypto space is so unpredictable, I'd never imagine that almost 100,000 people have handed over $1B to this guy's wallet to stake in exchange for promised airdrops. if he makes one mistake and loses all the money, there is no way everyone will get refunded.

so yeah, blast is getting a lot of money and attention, but not everyone's happy about how it's going. still, with that much money already in, it's gonna be interesting to see how it all plays out.

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The original was posted on /r/cryptocurrency by /u/GrumpyScrooge on 2024-01-04 09:26:28+00:00.

Original Title: Unpopular crypto opinion: The people who tell you to hold through a bear market dont understand how the halvening works, are scared, have a low net worth compared to their income or do so because they think its beneficial tax wise for them....while its not.

I have been through two cycles by now and both times i have been baffled by the sheer, lets call it ignorance of people screaming to hold through a bear market. Last cycle once again proved there is literally 0 reason to hold through one if you understand the basics of crypto.

Bitcoin will come down to its former cycle ATH and alts will lose most of their value. There is 0 incentive to hold.

Staking) Not worth it to stake for 5% a year when the underlying asset drops 70%. Better off selling

DCA) Not worth it to DCA if you net worth is at multiples of your yearly income. DCA doesnt do the trick anymore once you surpass your yearly income by a lot. You need to activly manage the money you have better versus aquiring new money.

Taxes) Most people here are from the USA, i understand there is a minor benefit for them to hold through a crash, (avoid the first tax hit), but seeing how much crypto declines its just not worth it. If you live in another country with better tax laws its a nobrainer to sell.

Long story short: I have yet to hear a good first argument why you should hold through a crypto crash. And the people who say you cant time it really need to study a chart of 2 cause its really that simple.

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The original was posted on /r/cryptocurrency by /u/chintokkong on 2024-01-04 09:15:24+00:00.

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The original was posted on /r/cryptocurrency by /u/vitaminwater247 on 2024-01-04 07:54:44+00:00.

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The original was posted on /r/cryptocurrency by /u/ricking08 on 2024-01-04 07:39:17+00:00.

WE DID IT! Yesterday was the day that, for the first time, we rewarded ourself by cashing out some profit.

When me and my brother started in crypto in 2019, we did what every new person in crypto did: we got greedy and didn't have an exit strat. We accumulated a lot coins that became 10% of its original worth during the past two years. Ever since, we regretted not rewarding ourselves with a bit of profit.

We have been riding the insane bull run of a new coin since november last year and finally got over our greed. We quitted the day-trading of that coin yesterday and let go of the "we could have more money"-mode we were in last time. And just now I rewarded myself with a super nice watch I had been dreaming for over 8 years.

It feels SO nice to reward ourselves with some profit after "working" for so long. Sure, it's not a 100k profit, it's not a 50k or 25k profit...but it is profit nonetheless.

This is not a boasting post, this is a reminder to you: reward yourself! Trading is fun, trading is exciting...but it's still 'work' and the feeling of giving yourself a reward is really important!

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The original was posted on /r/cryptocurrency by /u/operablesocks on 2024-01-04 01:18:14+00:00.

The CEO of a major crypto scam, that took place largely in 2017, has finally been arrested. Horst Jicha, who is a German citizen, was finally nabbed when he entered the country in Miami last week.

I had quite a few friends lose money to this scam. Very, very glad these guys are finally getting busted. USI-Tech's 4 main characters—Horst Jicha (CEO), Ralf Gold (founder), Joao Severino (founder), and Mike Keifer (head recruiter)—had successfully kept their names out of the news for all these years, but it looks like the law has been watching for them and they're finally getting what they deserve. They also ran a separate scam at the same time, called TechCoin.

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The original was posted on /r/cryptocurrency by /u/20yroldentrepreneur on 2024-01-04 09:42:52+00:00.

So i was just reading about this new project from pacman, the guy behind blur. it's called blast, an ethereum layer-2 that promises native staking yield in the form of more blast tokens. and it's already got over a billion dollars in deposits from the crypto community. Kinda reminds me of the whole trx thing with ftx, but on a different scale.

basically, people are depositing in ethereum and stablecoins, getting around 4% to 5% return , and earning these "blast points." they're for the blast token airdrop planned for may 2024. it's a lot like what happened with blur and their token giveaways.

but here's the twist - there's some controversy. the bridge for blast is up, but it's not connected to the actual network yet. There's no code published and people can't pull their money out till next february. paradigm, the big money behind it, even said they're not happy with how it's being rolled out. At present, any money sent to Blast goes into a five-person multi-sig wallet. Then, your ETH gets staked on Lido, and if you deposit USDC, it gets deposited to MakerDAO’s DSR

paradigm's dan robinson called them out on twitter about the launch, saying it's not cool to have the bridge before the network and lock up withdrawals.

Not to mention, the founder 'Pacman' revealed his identity as a 24-Year-Old High School, MIT Dropout. I swear, the crypto space is so unpredictable, I'd never imagine that almost 100,000 people have handed over $1B to this guy's wallet to stake in exchange for promised airdrops. if he makes one mistake and loses all the money, there is no way everyone will get refunded.

so yeah, blast is getting a lot of money and attention, but not everyone's happy about how it's going. still, with that much money already in, it's gonna be interesting to see how it all plays out.

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The original was posted on /r/cryptocurrency by /u/Omn1Crypto on 2024-01-03 22:24:44+00:00.

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The original was posted on /r/cryptocurrency by /u/ricking08 on 2024-01-04 07:39:17+00:00.

WE DID IT! Yesterday was the day that, for the first time, we rewarded ourself by cashing out some profit.

When me and my brother started in crypto in 2019, we did what every new person in crypto did: we got greedy and didn't have an exit strat. We accumulated a lot coins that became 10% of its original worth during the past two years. Ever since, we regretted not rewarding ourselves with a bit of profit.

We have been riding the insane bull run of a new coin since november last year and finally got over our greed. We quitted the day-trading of that coin yesterday and let go of the "we could have more money"-mode we were in last time. And just now I rewarded myself with a super nice watch I had been dreaming for over 8 years.

It feels SO nice to reward ourselves with some profit after "working" for so long. Sure, it's not a 100k profit, it's not a 50k or 25k profit...but it is profit nonetheless.

This is not a boasting post, this is a reminder to you: reward yourself! Trading is fun, trading is exciting...but it's still 'work' and the feeling of giving yourself a reward is really important!

This is an automated archive.

The original was posted on /r/cryptocurrency by /u/operablesocks on 2024-01-04 01:18:14+00:00.

The CEO of a major crypto scam, that took place largely in 2017, has finally been arrested. Horst Jicha, who is a German citizen, was finally nabbed when he entered the country in Miami last week.

I had quite a few friends lose money to this scam. Very, very glad these guys are finally getting busted. USI-Tech's 4 main characters—Horst Jicha (CEO), Ralf Gold (founder), Joao Severino (founder), and Mike Keifer (head recruiter)—had successfully kept their names out of the news for all these years, but it looks like the law has been watching for them and they're finally getting what they deserve. They also ran a separate scam at the same time, called TechCoin.

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The original was posted on /r/cryptocurrency by /u/Tryingtodoit23 on 2024-01-04 06:30:49+00:00.

This is real advice. I have seen all of this happen to me or to either people.

1. I am in the us. If you thought the violence and mayhem of 2021 was a lot, you are not prepared. Right now people are generally okay with stealing from big businesses. Soon it will be small businesses. And soon it will be okay to steal from people. Having people know you own crypto is a security risk.
2. Do NOT tell your boss you own crypto. Guess what happens when it goes up? Reason to not pay you a bonus.
3. Do NOT tell your friends how much you own. Amazing friendships can have major issues appear with income disparities. It won't make people feel good.
4. Do not give two flying fucks about cashing out and buying a house. If you have a small condo or house and a paid off car, you're freedom is something 90% of people can't even dream of having.

Unpopular opinion: people will lose their minds, but now now. They will at 3-4 trillion. In late 2006-2007, people started investing in homes even though the homes didn't cash flow. I knew a guy in 2008 with 12 properties who was 29. He lost every single one. I am not ragging on people-I invested in many negative cash flow properties. I got lucky with timing.

What I am saying: a lot of people are going to FOMO into crypto. Hard. I say this unbiased: almost everyone I knew who bought in 2020-2021 sold 90%. And they are still one the sidelines.

they are going to do the scariest shit: they are going to mortgage their house to buy crypto. But they aren't going to mortgage just their house-it's going to be their families house. The houses their kids live in. These aren't single guys. It's going to happen. Just like it always has.

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The original was posted on /r/cryptocurrency by /u/dreamygeek on 2024-01-04 06:12:07+00:00.

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The original was posted on /r/cryptocurrency by /u/Lucie_Goosey_ on 2024-01-04 05:35:59+00:00.

Hey guys, first post here. I could use some help.

I just recently learned about pre-mining, and it looks like a lot of cryptocurrency creators choose to go this route. I did some searching online and didn't find anything comprehensive.

It reminds me a bit of the Cantillon Effect and the printing of US dollars and those who first receive that money. But it also sort of reminds me of what a start up company would do, because hey, how else are you supposed to finance continued development.

It's a confusing topic for me, but so far I'm aware of Bitcoin, Bitcoin Cash, Monero, and that's all.

I want to make a list for myself and others to reference so that we can check the integrity of some of these projects.

Anyone know which cryptocurrencies were not pre-mined?

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The original was posted on /r/cryptocurrency by /u/cuki321 on 2024-01-04 05:03:59+00:00.

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The original was posted on /r/cryptocurrency by /u/Electrical_Tension on 2024-01-04 04:31:52+00:00.