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Cryptocurrency mega-thread

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XRP’s price has skyrocketed 96% in the past day, climbing the most among the largest cryptocurrencies by market capitalization after a U.S. judge ruled the sale of XRP tokens on exchanges did not constitute investment contracts.

The price action comes immediately after the District Court for the Southern District of New York said the “offer and sale of XRP on digital asset exchanges did not amount to offers and sales of investment contracts,” as “the record cannot establish the third Howey prong to these transactions.”

Source

It's not the smoking gun the crypto community were after as an outcome, but it's a win for protecting those who offer coins on exchanges.
 

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latest sad issue with crypto - Milk Sad: /summary

TLDR; people stealing from wallets as encryption is weak and done using timestamp as seed and a thing called Mersenne Twister - whose own documentation says it's not cryptographically secure and not to use it for anything crypto-related
 
jim boy said:
latest sad issue with crypto - Milk Sad: /summary

TLDR; people stealing from wallets as encryption is weak and done using timestamp as seed and a thing called Mersenne Twister - whose own documentation says it's not cryptographically secure and not to use it for anything crypto-related
Click to expand...
Mate, take that shit to the high IQ thread. We want to know if number goes up or down.
 
jim boy said:
latest sad issue with crypto - Milk Sad: /summary

TLDR; people stealing from wallets as encryption is weak and done using timestamp as seed and a thing called Mersenne Twister - whose own documentation says it's not cryptographically secure and not to use it for anything crypto-related
Click to expand...

Yeah that's worth a read for anyone who has a cold storage bitcoin wallet to make sure you're not affected. Would suck to find out your cold storage wallet was robbed as the private key was readily cracked using a bit of guesswork and analysis of the key generation process.
 
Nah, I was just having a look at what I was sill holding last night after mostly ignoring the space for obvious reasons. Much to my surprise I still have a very little bag of MC.

Might be a good time to deep dive on a few new projects. First stop, Kaspa.
 
Shupe said:
Nah, I was just having a look at what I was sill holding last night after mostly ignoring the space for obvious reasons. Much to my surprise I still have a very little bag of MC.

Might be a good time to deep dive on a few new projects. First stop, Kaspa.
Click to expand...
MC is 2x up off the ATL, but if you are keen to learn a bit more about what has been happening during the bear, these are some good articles:



The biggest development is the launch of Beam, a gaming subnet on Avalanche. Games will use MC as gas to transact on the network and people can also validate/delegate to secure the network with MC and AVAX. There are already 10 games that are confirmed to launch with Beam this year and another 40 in the pipeline.

I've played a couple of the games in their Alpha testing stage recently and honestly, they were very addictive! Trial Xtreme is a mobile game that has been around for years already and has 250M+ downloads, but are now moving their game to the blockchain through Beam. Oh Baby Games just released an Alpha of their new Mario Kart style game, with characters in the game based on popular CT influencers; I actually found this way more fun than Mario Kart.

The pivot away from the unsustainable Axie model of play2earn has been critical and there are games finally launching in web3 that are genuinely just fun to play. People playing these games won't have to know anything about crypto or what a blockchain is if they have no desire to (all of that functionality will be there, but is not visible), but there will be functionality to allow you to take tokens/NFTs out of the game if you want to.

It's no different to how people play games now, buying/trading skins (NFTs) and earning tokens through tournaments etc (e.g. MC), but with that 3rd party removed in favour of the blockchain (people can transact between themselves without a 3rd party taking a large slice of the pie).

Separate to this, staking has ended for good and 70%+ of the supply is already in circulation, with most to be in circulation before 2025 (should max out at ~500ishM supply). People will still be able to earn MC through delegating on Beam.
 

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Bostonian said:
I hope that means they buy the token on JOE.

That's my largest DEX bag.
Click to expand...
Unlikely, major spot liquidity is on UniSwap and Binance and now perps on Bybit is gaining traction. It's also listed on Crypto.com, Kraken and MEXC, but liquidity on those CEXs is pretty average.
 
BACCS said:
LongBombFromOutside50 have you been accumulating anything during the bear?
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Just QNT and ROUTE so far.

I’m bullish on both however I’ve been distracted with work and other stuff over the past year and a half, so haven’t had as much time to research new projects.

Seems as though we have still got a fair bit of time until money printer go brrrr season, so I’ll try to take a more active look later this year or in the first half of next year.

Which projects other than MC have you been accumulating?


Sent from my iPhone using Tapatalk
 
LongBombFromOutside50 said:
Just QNT and ROUTE so far.

I’m bullish on both however I’ve been distracted with work and other stuff over the past year and a half, so haven’t had as much time to research new projects.

Seems as though we have still got a fair bit of time until money printer go brrrr season, so I’ll try to take a more active look later this year or in the first half of next year.

Which projects other than MC have you been accumulating?


Sent from my iPhone using Tapatalk
Click to expand...
Nice! What drew you to those two projects? I was actually going to ask you about work, so you’re still enjoying working after making decent coin last cycle? Have you scaled back at all?

I think you’ve got at least until early next year to accumulate at decent prices still, halving is in March and I would want to have my bags full before then. They’re predicting the first cuts in the US to happen in May next year as well, which times well just after the halving.

I’ve bought a bit of ETH towards the lows (low 1000s), but other than that, nothing else. I have decided to focus my attention on a project I’m actually passionate about and avoid diversifying too far. My MC holdings alone have my portfolio back at breakeven atm (includes every cent I’ve put into crypto since May 2021, which has many realised losses and unrealised losses from NFTs that are still down 99%) and we are only 2x off the ATL (staking and accumulating at the ATL has helped a lot here). I am quite confident on a healthy ROI during the bull sometime into late 2024/2025.
 
BACCS said:
Nice! What drew you to those two projects? I was actually going to ask you about work, so you’re still enjoying working after making decent coin last cycle? Have you scaled back at all?

I think you’ve got at least until early next year to accumulate at decent prices still, halving is in March and I would want to have my bags full before then. They’re predicting the first cuts in the US to happen in May next year as well, which times well just after the halving.

I’ve bought a bit of ETH towards the lows (low 1000s), but other than that, nothing else. I have decided to focus my attention on a project I’m actually passionate about and avoid diversifying too far. My MC holdings alone have my portfolio back at breakeven atm (includes every cent I’ve put into crypto since May 2021, which has many realised losses and unrealised losses from NFTs that are still down 99%) and we are only 2x off the ATL (staking and accumulating at the ATL has helped a lot here). I am quite confident on a healthy ROI during the bull sometime into late 2024/2025.
Click to expand...

Yeah agree re having bags full by the start of Q2 2024.

Re work - I left my previous job mid last year to take some time off, but I’ve just recently just signed to start a new one soon.

I bought those two just due to the partnerships they’ve announced. QNT has been around for a few years but I haven’t really been researching any of the new coins.


Sent from my iPhone using Tapatalk
 

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I haven't needed on and off ramps since binance shut them down. Which platforms are you ladies and gents using now for those purposes?
 

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