The original post: /r/cryptocurrency by /u/Abdeliq on 2024-10-10 10:54:51.

The original post: /r/cryptocurrency by /u/Extreme_Nectarine_29 on 2024-10-10 09:49:56.

The original post: /r/cryptocurrency by /u/hiorea on 2024-10-10 05:40:11.

The original post: /r/cryptocurrency by /u/NihilistHUGZ on 2024-10-10 03:51:20.

It is just getting nice and spicy for the market manipulators. Anyone who questions whether they can get away with ill gotten gains should ask the era of men and women who never saw DNA or fingerprint matching becoming their smoking gun! The reports got their attention!

The original post: /r/cryptocurrency by /u/GabeSter on 2024-10-10 00:31:03.

After losing a "sure" bet, Polymarket Bettors are angry and claiming they were scammed. Without much they can do in terms of action against Polymarket they've decided the next step is to try and Nuke Polymarkets online reputation.

To that end they've taken to TrustPilot to sabotage the rating for the company.

https://preview.redd.it/wikw4fouittd1.png?width=1066&format=png&auto=webp&s=f66edd06807beb47cec117b8d71d409be11f0452

What Happened?

Polymarket hosted a Market with the title: Will Israel invade Lebanon in September? Well on the night of September 30th (US Time) Israel decided to invade Lebanon for a series of "operations" to push Hezbollah away from the border.

https://preview.redd.it/a26nmnd1kttd1.png?width=1012&format=png&auto=webp&s=5f87c0da486804c8448836a96359357b2a3fed76

Although the exact wording of "Invasion" was widespread across news outlets, this market would ultimately resolve to no.

Wait, what it resolved to no? Why?

The reason it resolved no is probably up for dispute but it likely is a result of the market not "technically" meeting the created "Rules".

https://preview.redd.it/70qn49dkkttd1.png?width=724&format=png&auto=webp&s=09c76ce668361c977b91c2dd1bb31cccc24273ad

Although the market certainly met the title requirements for "yes". No bettors argued that although Israel sent soldiers into Lebanon they didn't announce that they wanted to take control of any part of "Lebanon". So the market "should result in No".

The Dispute and UMA:

UMA calls itself a 'Decentralized Truth Machine', among the many things UMA does for Polymarket one of their most notorious functions is handling Polymarket disputes. The simplified version of how it works is:

1. A dispute occurs.
2. Users make arguments on the UMA discord for why they think the market should resolve a certain way.
3. UMA Token Holders stake their tokens and vote on what the outcome of the dispute should be.
4. Some time later votes are revealed and the resolution most in favor is the Disputed Resolution.

Ignoring all obvious problems with this system like: UMA Holders being incentivized to vote for the outcome that financially favors them, and large UMA Holders being able to trade the market knowing how it will likely resolve.

The biggest and most glaring flaw in the system is the centralization of UMA tokenholders. In fact just two people at UMA control enough of the stake to lock down any dispute (if they are in agreement). Of course this sounds like a glaring red flag so these two holders have as a result divided their tokens between a number of wallets to make voting "appear more decentralized".

The Israel/Lebanon Dispute.

In the Israel Lebanon Dispute although a majority of unique voters thought that the market should result to [YES]. The two UMA whales and a number of other smaller voters thought the market should result to [NO].

As a result the market: 'Will Israel invade Lebanon in September?' ended in [NO] and all [YES] Voters ended up losing their "sure bet".

The biggest individual loser was someone new to Polymarket who poured ~$420K onto the platform thinking the bet was all but guaranteed.

https://preview.redd.it/2w3mn0tmottd1.png?width=644&format=png&auto=webp&s=ba5f3d2238b3f54b8ea0b9f9799c8f9f8cde7b56

The Aftermath

Beyond the immediate reaction of bettors nuking the Polymarket TrustPilot score. Losing bettors from the market are claiming that the Polymarket CEO committed a crime and deserves to be prosecuted.

https://preview.redd.it/ceufo1pyottd1.png?width=829&format=png&auto=webp&s=b428223c20f0a827e8f01943915cc6c4337a13ee

Will anything else happen? Probably not... given this is just one of many controversial markets on the platform. Given a week or two this market like the rest will probably be forgotten, and news entities will continue to present Polymarket odds like the numbers are somehow a valid representation of real world odds.

The original post: /r/cryptocurrency by /u/CryptoDaily- on 2024-10-10 00:00:27.

Welcome to the Daily Crypto Discussion thread. Please read the disclaimer and rules before participating.

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Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could be an attempt to manipulate new readers by known "pump and dump (PnD) groups" for their own profit. BEWARE of such practices and exercise utmost caution before acting on any trade tip mentioned here.

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The original post: /r/cryptocurrency by /u/RTGold on 2024-10-09 22:38:14.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-10-09 22:36:03.

The original post: /r/cryptocurrency by /u/This-Opportunity-350 on 2024-10-09 21:01:40.

The original post: /r/cryptocurrency by /u/WineMakerBg on 2024-10-09 20:56:24.

The FBI created its own token, NexFundAI, to expose fraudulent actors in the crypto market. As a result, US prosecutors in Boston have charged 18 individuals and entities, including four major crypto firms—Gotbit, ZM Quant, CLS Global, and MyTrade—in a criminal prosecution for market manipulation.

The original post: /r/cryptocurrency by /u/partymsl on 2024-10-09 20:41:46.

The original post: /r/cryptocurrency by /u/No-Elephant-Dies on 2024-10-09 19:49:20.

The original post: /r/cryptocurrency by /u/DaRunningdead on 2024-10-09 18:35:45.

Despite its popularity, recent data shows that most traders are losing money. Namely, just 12.7% of the wallets on Polymarket reported realized profits since.

The original post: /r/cryptocurrency by /u/MadCake92 on 2024-10-09 18:03:12.

This is probably a shot in the dark.

It has been known that Celsius is pursuing users that happened to withdraw months prior to collapse, in several lawsuits that have no chance of recovering more than the cost of the legal representation of their customers.

I will provide a little more to this story. I used to work for Celsius as a contractor, a SWE. I have been slapped with a lawsuit that is laughable. They are literally full of shit, claiming that me, as a contractor, aided in the catastrophic deployment of capital that led to its demise. That my salary was unjust enrichment because I provided nothing of value back to Celsius 's creditors. I caught wind that they are also going after other entities like Uniswap for enabling pools that allowed to lose money.

Like if I ever had any kind of access to the private keys that these dumbfucks loaded in their Metamask wallets to participate in the Stakehound fiasco, the participation in liquidity mining ponzis, purchase of shitty NFT art at Opensea, or buy CEL to pump the price.

Let me tell you one thing, if by any chance you are a Celsius lawyer: good luck reaching out to this jurisdiction. I might be banned from USA for life, but you are not recovering one penny from the below-average salary I was earning. I invoiced everything and paid my income tax, and I have all the source code of the projects that I owned, along with their conversations surrounding the development.

If you are a Celsius creditor, you should know what they are doing with what is left of your money: legal theft. There is not a chance in hell that the amount of fees they are earning is going to be less than a sad contractor salary. Just 1 hour of their time is more than 30 times mine. They are screwing you and you should stop them from taking from the little that was left in this disaster.

The original post: /r/cryptocurrency by /u/hiorea on 2024-10-09 16:54:58.

The original post: /r/cryptocurrency by /u/Every_Hunt_160 on 2024-10-09 16:18:33.

The original post: /r/cryptocurrency by /u/Bear-Bull-Pig on 2024-10-09 12:52:39.

The original post: /r/cryptocurrency by /u/indexcap on 2024-10-09 10:50:46.

The original post: /r/cryptocurrency by /u/sadiq_238 on 2024-10-09 09:33:58.

The original post: /r/cryptocurrency by /u/Abdeliq on 2024-10-09 09:14:58.

The original post: /r/cryptocurrency by /u/Odd-Radio-8500 on 2024-10-09 06:36:21.

The original post: /r/cryptocurrency by /u/ZombieXRD on 2024-10-08 17:02:34.

What is HUG?

HUG is the number one meme coin, and most traded asset on Radix. It’s a movement of positivity in the crypto world with one goal in mind, to spread good vibes, community, and generosity in a space often dominated by FUD, red candles, and wallet drains. HUG aims to fill the void left by the aggressive degen culture, it is designed to be a sustainable and decentralized project, powered by the people, for the people, built on the cutting-edge Radix tech.

Why HUG on Radix?

Radix is fast, secure, and scalable – everything a top meme coin needs! It's designed to change how we use decentralized apps with a user-friendly experience that makes interactions smooth and simple. Radix is highly secure, with its simple transaction manifest, you can say goodbye to wallet drains forever.

By being the number one meme coin on Radix, HUG is positioned for success. Just like $BONK and $BRETT, being the top meme coin on a leading network can bring immense recognition and growth. As Radix gains momentum, HUG will lead the charge, spreading positivity and generosity throughout the crypto world.

Why HUG at all?

Meme Coins Are the Gateway - The top meme coins on any chain outperform other projects. They’re not just about fun, they’re powerful tools for onboarding new users into the ecosystem. Positive Vibes Narrative - The ethos of "HUG department always open" fits perfectly into the Matt Fury meta and was taken from a custom line drawing by Matt. Why are we always open? Because there is always someone that needs a HUG, and the HUG community wants to be there to give it to them. Unique Distribution Mechanism Proof-of-HUG (POH) is HUG's innovative distribution mechanism that ensures a sustainable revenue model using devices like our validator, and trade bot to generate fees. With more than 2/3 of its liquidity provided by over 2,000 community wallets, HUG is truly powered by the people!

HUG's Goals

Our aim is not just to be the top meme coin on Radix but to compete with the biggest memes in all of Web 3.0. Our marketing is geared towards making HUG a household name, and with community support, we will achieve this together. Our decentralized ownership, universal message, and recognition as Radix's top asset positions us to be a top-performing meme coin by the end of this cycle. We're already a strong contender, but we want our market cap to reflect our standing against main competitors.

Giveaway

There will be a HUGe giveaway of $500 $HUG to 20 participants in this AMA. Simply ask your question in this thread and the top 20 questions will be selected to win $25 of $HUG each.

Winners will also receive a golden ticket for RadQuest, Radix unique user onboarding experience. Anyone can participate in RadQuest, but golden ticket holders will also receive free XRD, and rare NFT rewards.

https://radquest.io/home/basic

Learn more about HUG:

• Learn How to HUG an introduction to HUG
• Intro to Proof-of-HUG learn more about HUGs distribution mechanism
• HUGenomics the token powering the HUG movement
• How to buy HUG find out how to buy HUG on Radix

You can also catch a live space with the founder of HUG just after this AMA on X.

https://x.com/EDGECLUB_XRD/status/1843694237801443372

Thanks for joining everyone! If you would like to buy some HUG or check out the Radix ecosystem this is one of our most popular bridges to get in. Hug ya later!

https://astrolescent.com/bridge

The original post: /r/cryptocurrency by /u/paranoid_throwaway51 on 2024-10-09 16:44:13.

Just for context, I only know a bit about crypto. I used to have a small wallet back in the early days & im familiar with the theory of it and just want to get some advice.

So I run a small business that provides business services to call girls & OF content creators. Basic stuff, book keeping, PA work, "engagement" analysis, websites, etc.

Thing is despite what I do being completely legal in my country, most reputable bank's have an policy against working with that kind of industry. This makes it very difficult to carry out my business, pay my taxes & pay myself a salary.

is there some kind of company or App, that allows my clients to pay me USD but on my end, i receive crypto. Like how a debit/credit card will automatically convert currency when you make a transaction abroad.

The original post: /r/cryptocurrency by /u/This-Opportunity-350 on 2024-10-09 15:59:25.

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-10-09 15:05:58.