Cryptocurrency News & Discussion

The original post: /r/cryptocurrency by /u/Fiach_Dubh on 2024-10-04 21:10:35.

The original post: /r/cryptocurrency by /u/MechAArmA on 2024-10-04 21:04:39.

The original post: /r/cryptocurrency by /u/partymsl on 2024-10-04 20:51:17.

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-10-04 19:45:02.

The original post: /r/cryptocurrency by /u/hiorea on 2024-10-04 19:03:17.

The original post: /r/cryptocurrency by /u/No-Elephant-Dies on 2024-10-04 18:52:02.

The original post: /r/cryptocurrency by /u/trefster on 2024-10-04 18:24:26.

I'm holding a few hundred USD of each of these and they've been pretty poor performing, as much as anything the last couple months, but I also know very little about these projects. Polygon seems like it's mostly powering shitcoins, like a discount SOL, and I don't have a clue what FetchAI is even about.

Are they worth holding onto, or should I just sell and buy more BTC?

I'm also holding a significant bag of Solana, which I'm also questioning. Hell I'm even doubtful about ETH. All these alts seem like they're just shitcoins powering shittier shitcoins.

XRP is the only alt I have that seems like it might be useful, but the SEC is making that hard to hold.

I think I might be becoming a BTC Maxi!

As an aside:

Have I reached 500 characters yet? That seems like such an arbitrary rule. Why doesn't the editor tell you how many characters you have, like the title field does?

The original post: /r/cryptocurrency by /u/Extreme_Nectarine_29 on 2024-10-04 18:23:28.

The original post: /r/cryptocurrency by /u/cascading_disruption on 2024-10-04 17:31:05.

1. 75.72% of all transactions through Jupiter are failing.
2. 48.71% of all transactions through Raydium are failing.
3. Transactions will fail for a variety of reasons not just slippage issues.
4. Voting consensus transactions & failed transactions massively bloat the blockchain size, currently ~265 TB & growing fast.
5. Again, TPS includes voting consensus and failed transactions, failed transactions on most other blockchains are strictly validated before even hitting the blockchain.
6. Firedancer is live on mainnet, but in 'non-voting mode' which means it cannot produce blocks and is only doing about ~30% of what a validator does.
7. RPC endpoint architecture allows operators to reorder transactions and front-run.
8. $7.5 billion SOL, is continued to be sold-off by FTX, a major unlock occurs in March 2025, and continued unlocks every month up till 2028. (Repeated due to importance).
9. 5 million daily active users is a myth, 4.5 million of these hold 0 SOL, and much more hold < 1, they are created with an intention to inflate metrics, notice the large uptick in August, also 1 user(bot) could technically have 4 million wallets.
10. The Top 18 validators control +33% of the entire staked Solana supply, meaning they can collaboratively block consensus and censor transactions.

TL;DR: I added a comedy flair for "comedy" purposes because if someone told you that this is one of the major crypto networks you'd indeed think that crypto is a scam...

SOURCE

The original post: /r/cryptocurrency by /u/goldyluckinblokchain on 2024-10-04 15:18:44.

The original post: /r/cryptocurrency by /u/pedronegreiros94 on 2024-10-04 14:42:33.

Until 2021, crypto was largely seen as either a 'get rich quick' scheme or a nerdy thing that many doubted. Then we entered the institutional period, where it seemed like crypto would move into a phase of real maturity and strong development.

But what did we get after 2021?

BTC: A rally driven by the promise of a Spot ETF, after crashing to under 20k. Maybe the Spot ETF is the only good thing after 2021.

NFTs: A bad joke that didn’t hold appeal among celebrities and didn’t help the market in any way.

Consecutive SEC lawsuits: Almost every project issuing tokens was pursued by the SEC, undermining the market’s legitimacy.

Frauds: Scandals like FTX and other frauds further tarnished the market’s image.

Memecoins: The frenzy around meme coins adds chaos and gives critics more reason to dismiss this market as not serious.

Venture Capital shitcoins: Billions of locked tokens being dumped on us on a regular basis by greedy capitalists who did little to help the market with their second-layer or ghost chains.

To be clear, I’m not saying this because I’m frustrated or lost money in the market. Crypto has given me a lot, but that doesn’t stop me from having a critical view and pointing out these unpopular issues.

The original post: /r/cryptocurrency by /u/navlojin on 2024-10-04 14:18:54.

The original post: /r/cryptocurrency by /u/miskinasde on 2024-10-04 14:13:38.

The original post: /r/cryptocurrency by /u/Kindly-Wolf6919 on 2024-10-04 14:07:13.

The original post: /r/cryptocurrency by /u/InclineDumbbellPress on 2024-10-04 13:07:24.

The original post: /r/cryptocurrency by /u/hiorea on 2024-10-04 13:06:41.

The original post: /r/cryptocurrency by /u/goodupvote on 2024-10-04 12:53:42.

Lately, I’ve been wondering whether the hype around memecoins is fading compared to what's happening in the RWA and DeFi spaces.

I mean, it's cool to see meme projects take off, but there’s something more sustainable and interesting about projects focusing on real-world utility.

I stumbled upon BukProtocol, which has backing from names like Polygon Ventures and HustleFund (the same people who backed Webflow and Maple). It got me thinking…is this where the real future lies?

Curious to hear thoughts from others who’ve been exploring these spaces.

What do yo'll think, are RWAs and DeFi the more practical Investment over memecoins?

The original post: /r/cryptocurrency by /u/rizzobitcoin on 2024-10-04 12:46:59.

The original post: /r/cryptocurrency by /u/JohnMcafee4coffee on 2024-10-04 12:24:27.

I do believe that he comes here and reads the posts here.

Assuming that he is alive it can be assumed that he may post comments from time to time.

I personally think that he is an individual who has extra time on his hands. He most likely is wealthy so he does not need his bitcoin.

It’s my hope that Mr. Satoshi has found a place where he is happy.

I also believe that he has registered for another email address because the one at GMX probably has been spammed alot.

I hope that he has been living a good life away from all the drama and negativity that some people have.

I hope that he is able to work somewhere in the industry. If he reveals his fine most likely can get a job with any cryptocurrency company but right now he can’t put it on his resume and if he does he will probably not get hired.

Thanks

The original post: /r/cryptocurrency by /u/kirtash93 on 2024-10-04 12:11:11.

The original post: /r/cryptocurrency by /u/Extreme_Nectarine_29 on 2024-10-04 10:36:17.

The original post: /r/cryptocurrency by /u/Abdeliq on 2024-10-04 10:19:34.

The original post: /r/cryptocurrency by /u/indexcap on 2024-10-04 10:05:48.

The original post: /r/cryptocurrency by /u/BigRon1977 on 2024-10-04 09:11:06.

The original post: /r/cryptocurrency by /u/Snoo_92843 on 2024-10-04 08:54:47.

I'm no expert on cryptocurrency and quite new, but I've wondered what might happen if Satoshi Nakamoto's wallets were ever activated. It's estimated that Satoshi owns around 1 million Bitcoin, which, at today's value, is an enormous amount.

Whether it's a small withdrawal or the movement of the entire amount, I can't help but think about the potential impact on the crypto markets, investor confidence, and even the broader financial system. Could it cause panic selling, destabilize the market, or have other unforeseen consequences? I'd love to hear people's thoughts on this intriguing possibility."