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Reddit Crypto Forum Gets Rule Overhaul

Reddit Crypto Forum Gets Rule Overhaul

Reddit's r/cryptocurrency subreddit has just undergone some major rule changes that include a ban on memes. The cryptocurrency community on Reddit is perhaps one of the most vibrant online gatherings of people who discuss the subject. Given the sheer number of posts the forum gets, the moderators have deemed it necessary to introduce some new rules to better organize the community. In a pinned post submitted on Tuesday by moderator AdamSC1, we can see three major rule changes that will be softly enforced. Over the past few months, as cryptocurrency boomed and attracted new attention, this sub swelled with hundreds of thousands of new users. While this was a rather exciting event, it also came with some challenges, he wrote. The moderator added that the existing rules had gaps that allowed the board to descend into a bit of a chaos, which, according to him, resulted in clutter and easy manipulation. Perhaps the most notable rule change is the ban on memes, which the moderators consider a distraction that might facilitate the spread of fear, uncertainty, and doubt (FUD). Comedy posts and memes flood the front page, and prevent valuable news and discussion from thriving in this community, the moderator added in the note. Instead of allowing memes on the subreddit, the moderators have created another subreddit dedicated to them. The second rule change involves an attempt to combat spam and shilling attacks by prohibiting certain types of posts from getting their own threads on the r/cryptocurrency subreddit. These include posts about individual figure statements on social media, any personal holdings other than the posters, ICO announcements, and material that pertains to a specific coin. Most of these types of posts will be moved to a daily discussion thread. The final ru Continue reading >>

Reddit Drops Bitcoin Support For Gold Purchases

Reddit Drops Bitcoin Support For Gold Purchases

The year 2018 has not been all that positive for Bitcoin just yet. With the Bitcoin price in a slow and steady decline, it is evident something will need to change. Moreover, early adopters of Bitcoin as a payment option arerethinking their decision. Reddit is the latest company to remove BTC as a paymentmethod altogether. A lot of people were surprised when Reddit made it possible to purchaseits Gold membership program with Bitcoin. At the same time, that decision made a lot of sense. With Bitcoin becoming more popular and transaction fees not being an issue, it showed Reddit was willing to take a gamble and see how things went. Over the years, many people used Bitcoin to purchase Reddit Gold,and there was never any indication that the partnership would come to an end eventually. As of this week, it seems Bitcoin can no longer be used to obtain Reddit Gold. It is unclear why the companymade this decision or when theBitcoin option was removed. To some people, this is a worrisome situation, as the number of merchants accepting Bitcoin appears to be shrinking rather than growing. Using Bitcoin as a currency has always been difficult, and thingshavent been improving as of late. Unfortunately, this decision appears to be final, and Reddit has no plans of reinstating Bitcoin as a payment option in the future. An official communication on this front would have been ideal, but the sites stance against cryptocurrency is rather clear. Losing oneof the early adopters of Bitcoin is painful, yet it seems likely other platforms will take its place eventually. The big question is whether or not Reddit will enable other cryptocurrency payment options in the future. With so many companies taking a strong liking to Bitcoin Cash as of late, it would not be all that surprising to see thi Continue reading >>

List Of Top Reddit Cryptocurrency Subs Which Every Crypto Enthusiast & Investor Must Follow

List Of Top Reddit Cryptocurrency Subs Which Every Crypto Enthusiast & Investor Must Follow

List of Top Reddit Cryptocurrency Subs Which Every Crypto Enthusiast & Investor Must Follow As per the latest website traffic statistics, Reddit is the 6th most popular website on the internet. Given the number of people who are registered on the platform and the fact that practically every kind of content is shared over there - it is no surprise that Reddit is one of the most frequently visited websites on the internet. Over the past couple of years, Reddit has also become a hub for cryptocurrency discussions. The number of Reddit cryptocurrency subreddits is on a rise. In fact, the crypto-craze is so high on Reddit that the official Reddit app has updated its name to Reddit: Top News, Trending Memes & Crypto Updates. That being said, let us take a closer look at the top 7 Reddit Cryptocurrency Subreddits which every cryptocurrency investor must follow to get all the latest news updates and trading tips! Some of TheTopReddit Cryptocurrency Subs: How can a list of the best Reddit cryptocurrency subs start without mentioning the biggest thread on general discussions! With over 630,000 subscribers at the time of this writing, this is the subreddit where discussions regarding all cryptocurrencies take place. A global community where people from around the world share their perspective on cryptocurrencies, share news content - as well as memes. Be ready to hear the hodlers getting lambo to the moon jokes here! Be it discussions over the blockchain technology or be it major international news - or a silly meme - you can find it all here! The largest Reddit cryptocurrency subreddit, r/Bitcoin boasts of over 770,000 subscribers at the time of this writing. Practically any Bitcoin update from around the world gets picked up here. Be it a restaurant in Ireland accepting BTC pay Continue reading >>

Cryptocurrencies

Cryptocurrencies

Cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies. The most important information about moves of main crypto market players: Posts must have to do with cryptos in some way/shape/form. No spam or self advertising will be permitted. Break this rule and you will be banned from the community. Any cryptocurrency deemed illegitimate by the community as a whole will be banned from discussion and posts about them will not be permitted. Keep it peaceful. No conflicts will be permitted outside of respectful debate and/or discussion about cryptocurrency. Continue reading >>

Cryptocurrency News And Discussions.

Cryptocurrency News And Discussions.

Lead by example and treat others as you would wish yourself to be treated. No Trolling. Do not make random unsolicited and/or controversial comments with the intent of baiting or provoking unsuspecting readers to engage in hostile arguments. Trolling, in all its forms, will lead to a suspension or permanent ban. Do not waste people's time. It's the most valuable resource we have. See our Expanded Rules wiki page for more details about this rule. To mitigate abuse from throwaway accounts, a minimum of 20 comment karma & 10-days account age is required for participation. Referral links/codes, URL shorteners, or ads for commercial offerings. No low-effort content typically characterized by low character count, all caps, & banal wording. Example: "SELL SELL SELL!!!", "BUY!!", or "MOON!" No more than 2 promotional posts per coin on the top page. See our Expanded Rules page for more details about this rule. No pumping, shilling, or FUD (fear, uncertainty, doubt). Do not use multiple sockpuppet accounts to manipulate votes to achieve a narrative. Do not solicit, complain about, or predict downvotes. Do not post addresses or seek donations without pre-approval from the moderators. Do not incite or encourage illegal activities. Content promoting leaks, buying/selling drugs, tax evasion, etc will be removed. No malware, spyware, phishing, or pharming links. Do not reveal personally identifying information(PII), otherwise known as doxxing yourself. Divulging how many coins you own can make you a target of hackers and identity thieves. By the same token, do not doxx other redditors even if they engaged in an illicit activity. Report them to the mods or admins instead. Do not steal content, also known as scraping or plagiarizing. Submitting links to blogs or news sites which are no Continue reading >>

A 'joke' Cryptocurrency Called Garlicoin Isn't Funny In 2018

A 'joke' Cryptocurrency Called Garlicoin Isn't Funny In 2018

A 'Joke' Cryptocurrency Called Garlicoin Isn't Funny in 2018 From the creator of 'Meme Insider': A "joke" with a nearly $1 million market cap. Image:Flickr/jeffreyw. Composition:Author Around 2013, Bitcoins unofficial logo was a crappily-drawn MS Paint wizard , and a gag cryptocurrency called Dogecoin was built around a puppy meme. Now every digital currency combined has a market cap just under the GDP of Sweden , and Dogecoins market alone is worth almost $1 billion USD. Whatever fun there was to be had with cryptocurrencies, it seems, has been smothered by wads of cash. Undaunted by the technologys newly suited-up nature, a Reddit poster called DigitalizedOrange, who previously created a satirical business magazine for memes called Meme Insider , has launched a cryptocurrency. Garlicoin describes itself as the cryptocurrency you never thought you needed and you probably dont. Its website states it was born from the shitposts of Reddit and baked with our special ingredient, copy/paste because its code was copied from Litecoin, itself a copy of Bitcoin. Read More: Redditors Made Meme Insider, a Completely Insane Magazine About Memes Garlicoin was born as a meme, and has become one itself . Its all presented as a joke, but the Were just having fun posturing could also make convenient cover for elements of the community that are in it to make money, not memes. Posts and comments on the Garlicoin subreddit mention using expensive graphics cards to generate those sweet GRLC boiz , for. One could write these off as ironic jokes, except that Garlicoin has a modest market cap that briefly reached just under $1 million USD on Monday. Clearly, someone is buying in. With so much money on the line, the jokes get less funnylast week a Garlicoin user said they were artificially inf Continue reading >>

Cryptocurrency Crash Sees Suicide Hotline Appear On Reddit Forum, As Bitcoin Price Continues Slide

Cryptocurrency Crash Sees Suicide Hotline Appear On Reddit Forum, As Bitcoin Price Continues Slide

Cryptocurrency Crash Sees Suicide Hotline Appear on Reddit Forum, as Bitcoin Price Continues Slide Bitcoin and other virtual currencies have nearly halved in value since last month, prompting a popular cryptocurrency forum to offer suicide prevention support to any members who may have been impacted financially by the price crash. The cryptocurrency forum on Reddit, which has almost half a million subscribers, featured a post with links to the U.S. National Suicide Prevention Lifeline, as well as other suicide and mental health resources for people who live outside the United States. The price falls of bitcoin and other major cryptocurrencieslike ethereum, litecoin and ripplehave been attributed to a variety of factors, including news reports in South Korea and China about increased government regulation on exchanges, as well as the closure of the popular crypto platform Bitconnect. The suicide prevention post on Reddit , posted by a user going by the name of A_Internet_Stranger, explained how people new to cryptocurrency investing would be among the worst affected by the recent price drop. In Pictures: The 50 Most Powerful Military Forces in the World The hardest hit people are one of the following: Newcomers, Margin Traders, or Day-Traders (and those in Bitconnect), stated the post, which has received more than 45,000 upvotes and more than 3,000 comments. The vast majority of people who have held for more than 60+ days are still in the green. During the late 2017 price surges, prominent cryptocurrency figure George Popescu spoke of the need for a specialized suicide prevention hotline for people affected by the significant swings. See all of the best photos of the week in these slideshows People borrow money and invest in cryptocurrencies. If they lose it, they can g Continue reading >>

Bill Gates, 'cryptocurrencies Caused Deaths In A Fairly Direct Way' In Reddit Ama, Community Reacts

Bill Gates, 'cryptocurrencies Caused Deaths In A Fairly Direct Way' In Reddit Ama, Community Reacts

The main feature of crypto currencies is their anonymity. I don't think this is a good thing. The Governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now crypto currencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. I think the speculative wave around ICOs and crypto currencies is super risky for those who go long. While drug purchases online have been increasing , the vast majority of drug users still purchase illicit substances via more traditional methods. According to a 2017 Global Drug Survey , regardless of country, less than half of drug users purchase substances via the dark web in any one country. The global median for percentage of drug users who use the dark net is 10.1 percent. Gates remarks resulted in harsh criticism from Redditors participating in the discussion. While some advised Gates to re-read the Bitcoin white paper, others reproached him for what was perceived to be an attempt to influence the cryptomarket with his celebrity status: ... [I]f Bill Gates says he doesnt like crypto because of how well shaded the flow of money is...a lot of ears are perking up, said a user calling themself Hoticewater. When one of the users pointed out that fiat currencies can also be used for illegal activities such as money laundering, tax evasion, terrorist funding, and drug purchases, Gates said that the necessity of a physical presence makes illicit activities and transfers more difficult: Yes - anonymous cash is used for these kinds of things but you have to be physically present to transfer it which makes things like kidnapping payments more difficult. Back in 2015, the Microsoft founders position towards cryptocurrencies was far more Continue reading >>

Alternate Cryptocurrencies

Alternate Cryptocurrencies

News, opinion and discussion for all types of alternate cryptocurrency. Please read our rules before posting. User flairs in the ticker are not an endorsement. Altcoin, the abbreviation for alternative coin, or alternate coin, or all blockchain projects and related currency that exist in addition to Bitcoin. Some random facts: The first altcoin is Namecoin , there are 1250+ altcoins, basically every coin created after Bitcoin can be called an altcoin. Yes, even Ethereum, Ripple or Dash are altcoins. Want to know more about certain altcoins? Continue reading >>

Bill Gates On Bitcoin: Crypto Has

Bill Gates On Bitcoin: Crypto Has "caused Deaths" | Fortune

Though the philanthropy under Bill Gates name has partnered with cryptocurrency firm Ripple in a bid to help the unbanked , the worlds second richest man said Tuesday that the main feature of Bitcoin and its ilk is not a good thing. In previous media interviews, Gates has been quoted saying that Bitcoin is better than currency, and that it is exciting because it shows how cheap (transactions) can be. That was back in 2014 . When quizzed regarding his views on cryptocurrencies in his sixth Reddit Ask Me Anything session Tuesday though, the billionaire focused instead on the downsides of Bitcoin and its peers. Namely, that the cryptocurrencies dont reveal the name of their holders in the way a credit card statement mightmaking it easier for illegal transactions to fly under the radar. The main feature of cryptocurrencies is their anonymity. I dont think this is a good thing, he said in the Reddit post. The governments ability to find money laundering and tax evasion and terrorist funding is a good thing. Right now cryptocurrencies are used for buying fentanyl and other drugs so it is a rare technology that has caused deaths in a fairly direct way. Notably, some cryptocurrencies such as Bitcoin are pseudonymous, while others such as Monero are billed as having additional privacy features . Signs have emerged in recent months that less famous digital coins such as Monero have become the cryptocurrency of choice for criminals. In a parallel to his 2014 interview, Gates also commented on how cryptocurrencies did not require face-to-face interaction. Back in 2014, when the price of Bitcoin totaled about $350 and average fees per transaction tallied 6 cents, and indeed after the infamous online drug market place SilkRoad was shuttered by U.S. officials , Gates noted that Bitco Continue reading >>

R/cryptomarkets

R/cryptomarkets

Technicals Fundamentals Sentiments Discussions Exchanges Strategies Tools New Coins Educational Support Scams Welcome to the FOREX community of cryptocurrencies! This subreddit is for discussing all crypto denominated markets but with an emphasis on altcoins. Topics can range from exchanges, technical analysis, to fundamental analysis. If you have any questions, comments, or would like to contribute to the development of the community in some way, please message the moderators. Are you new to alt-cryptocurrency markets? Here are some links to get you started. Continue reading >>

Reddits Biggest Cryptocurrency Forum Is Banning Memes And Shilling

Reddits Biggest Cryptocurrency Forum Is Banning Memes And Shilling

Reddits biggest cryptocurrency forum is banning memes and shilling Reddit has gradually cemented its reputation as the go-to place for all sorts of banter and discussions around the cryptocurrency and blockchain space and the popular /r/Cryptocurrency forum has played a central role in this trend. But due to its unexpected growth over the past few months, /r/Cryptocurrency is changing its rules . In a recent post , the communitys moderators announced the updated policy aims to curb a growing number of co-ordinated misinformation campaigns from individuals seeking to benefit from manipulating the market. After receiving confirmation from the Reddit Admins, of numerous professional and highly-orchestrated manipulation groups being identified, as well as having the Reddit Admins site-ban more than 800+ manipulator accounts in a single day, the moderators explained, We set about to make a series of rule changes that we believe will combat these challenges. For starters, the community is moving all comedy and meme posts to the new /r/Cryptocurrencymemes subreddit, which will be precisely dedicated to this sort of content. This means all meme submissions will now be removed from the main subreddit, and moved to the newly founded one. The moderator team is also upping its criteria for what falls under the Low Quality/Off-Topic Posts category. Unfortunately, professional shilling and manipulation groups use a frequent flow of low-quality posts about a coin to try and promote their interests, the announcement read. This action is ultimately misguided, while the goal is to promote their coin to adopt more users, their coin just becomes seen as spammy by the larger crypto community and it ends up hurting everyone involved, it continued. In order to reduce spam and shilling attack Continue reading >>

Reddit Drops Bitcoin As Payment Method Due To Coinbase Change

Reddit Drops Bitcoin As Payment Method Due To Coinbase Change

Reddit Drops Bitcoin as Payment Method Due to Coinbase Change Reddit Drops Bitcoin as Payment Method Due to Coinbase Change Social news aggregation website Reddit is reportedly no longer accepting bitcoin payments for its premium membership program, Reddit Gold. This is due to a Coinbase change, according to a Reddit post discussing the issue. Reddits change was discovered when user BitcoinXio posted a video that showed bitcoin was no longer an option on his end, and inquired whether Reddit did stop accepting the cryptocurrency, or if there was something wrong with his account. In the video, Reddit only allows the user to pay with a credit card or with PayPal. Responding to the video, various users started pointing to bitcoins high fees, and pointed out that they werent paying for Reddit Gold with BTC because of them. Earlier this year, the cryptocurrencys fees dipped, although theyre still higher than they were in bitcoins earlier days. Reddit user emoney04, a moderator at several subreddits, clarified the situation and revealed that the change occurred because of a Coinbase Commerce change. He said: The upcoming Coinbase change, combined with some bugs around the Bitcoin payment option that were affecting purchases for certain users, led us to remove Bitcoin as a payment option. When asked whether Reddit would bring back cryptocurrency payments, emoney04 revealed that the company would be taking a look at demand, and watch how the Coinbase Commerce situation unfolds before making a decision. Seemingly making sure fees werent the problem, user BitcoinXio claimed Reddits bitcoin purchase volume declined because Coinbase wouldnt allow them to accept Bitcoin Cash (BCH). Per his words, enabling Bitcoin Cash payments would bring back old data trends. Reddit started accepti Continue reading >>

Bill Gates Calls Cryptocurrency 'super Risky' In Reddit Ama

Bill Gates Calls Cryptocurrency 'super Risky' In Reddit Ama

Bill Gates is not a fan of cryptocurrency. During a recent "Ask Me Anything" session on Reddit , the Microsoft co-founder said that the main feature of cryptocurrencies is the anonymity they provide to buyers, and Gates thinks that can actually be harmful. "The government's ability to find money laundering and tax evasion and terrorist funding is a good thing," he wrote . "Right now, cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way." When a Reddit user pointed out that plain cash can also be used for illicit activities, Gates said that crypto stands out because it can be easier to use. "Yes anonymous cash is used for these kinds of things, but you have to be physically present to transfer it, which makes things like kidnapping payments more difficult," he wrote. Gates also warned that the wave of speculation surrounding cryptocurrencies is "super risky for those who go long." The plan for Bill and Melinda Gates' $1.7 billion investment in America's public education system Gates isn't the first big name to speak out against the speculative assets . His close friend Warren Buffett also predicts a disappointing outcome. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending ," the chairman and CEO of Berkshire Hathaway said. "When it happens or how or anything else, I don't know," he added in an interview on CNBC's " Squawk Box " from Omaha, Nebraska. "If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it, but I would never short a dime's worth." Legendary investor Jack Bogle agrees. "Avoid bitcoin like the plague. Did I make myself clear?" said the Vanguard founder in response to an audience ques Continue reading >>

Why The Recent Eu Crypto Regulatory Wave Is Huge News For Neo : Neo

Why The Recent Eu Crypto Regulatory Wave Is Huge News For Neo : Neo

In recent weeks, the EU has taken the driving seat on the acceptance and regulation of crypto in general. Lead by Malta, this regulatory drive is focused towards the acceptance and not clamping down as was in previous announcements around the world. This week's announcement of Binance opening up shop in Malta overshadowed a more significant news item. Europe is now officially recognising crypto and embracing it. Regulations give certainty. This will give regular investment funds, banks and other institution the previously unavailable possibility to add crypto as an asset in their portfolio. What does NEO have to do with all this? We all know the strength of NEO in its entirety as a working project, with a qualified and serious team with a real vision. Yet somehow there are other projects whose cryptocurrencies are valued more than NEO, even though they are either useless or still at concept stage. Regulation and Certainty opens up doors to new money, but most importantly intelligent money. Funds and other institutions will be analysing all crypto currencies looking into their potential. This is where NEO benefit enormously, not only as a result of the good ratings it is sure to get, but also with the influx of new money coming into NEO. Remember the effect of the Weiss rating? Imagine the effect of such reviews coming from multinational Investment banks. This is why this is huge for NEO. We were always looking at China, but it might be Europe that can finally place NEO where it really deserves to be. Continue reading >>

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