Bits.ca – Bitcoin and Crypto Currency News and Resources

  • Is there a method to CoinBase Earn's madness?
    by /u/wheelzoffortune on October 29, 2020 at 3:25 pm

    I've been a CoinBase user since mid-2017. Since then I've bought and sold quite a bit of crypto. I've done all of the CoinBase Earn things in the past with no problems, but now that Algorand just went live for Earn, I'm on the waitlist. Now that might not sound too strange except that I set up CoinBase accounts for my parents a few years ago, too, but they've never purchased nor sold anything and they don't even have any payment methods linked. ...but they were able to do the Earn stuff for Algorand. Soooooo, is it random or...? submitted by /u/wheelzoffortune [link] [comments […]

  • Upvote disconnect
    by /u/flacciduck on October 29, 2020 at 3:05 pm

    Why is it that in the top posts of 24hrs there is a large disconnect in the upvotes posts. It's usually a few posts (mostly memes) in the top from the last 24hrs at around 1k upvotes and then it goes to the low hundreds and then drops right down to the tens. Do most people on the sub only browse hot or trending? Or do they just see what appears in their feed. Are very little in the new section? submitted by /u/flacciduck [link] [comments […]

  • Atari is launching their NFTs on WAX on Nov 4th!
    by /u/xantek on October 29, 2020 at 2:51 pm

    submitted by /u/xantek [link] [comments […]

  • Daily reminder you can support Belarusians repressed by the dictator with Bitcoin and Ethereum
    by /u/-Saunter- on October 29, 2020 at 2:49 pm

    submitted by /u/-Saunter- [link] [comments […]

  • U.S. megafund Fidelity targets Asian family offices wanting Bitcoin
    by /u/robis87 on October 29, 2020 at 2:40 pm

    submitted by /u/robis87 [link] [comments […]

  • Possible ideas for future Moon proposals and discussions within our community.
    by /u/Monster_Chief17 on October 29, 2020 at 2:34 pm

    Ever since Moons were introduced there was no serious discussion about them. This is to be expected since their value right now is only speculative but things have changed a lot recently. Looking at the comments and proposals within the community, I have noticed a lot more activity in keeping our subreddit clean and free of spam and karma farming. As someone who has been doing that for almost 3 years now, someone who has been called a fudster, gatekeeper, and many other names, here are my two cents: It is more than obvious that we need to have a public discussion before creating new proposals. There are a lot of great ideas out there, like the recent proposals from /u/nanooverbtc and u/SocialSuicideSquad but there is a slight issue with both of them. First, I strongly agree that with both ideas but I do see room for correction and improvement. Here are a few examples: Free-time inequality Over the years I have seen a lot of seemingly inactive users posting valuable content and information in this sub. These individuals care about the growth of the community but have limited access to free time. Questions that need to be asked here are simple. Is it fair to limit post upvotes to just 200 for content that maybe took days to create? At the same time, someone could have posted 10 memes and accumulated 1k karma, while on the other end someone worked their ass off to create something valuable just to see their work equally treated as a meme. A starting point that could also be a possible solution for this problem is to categorize content and limit it based on the category it falls under. For example, memes get limited to 100, media posts to 200, and no limits or some limits for OC content (that is why we need a public debate). Accounts associated with businesses should be excluded from the distribution completely. Physical limitations of users It is very important to remember that not all members of our community have the same communication skills and physical capabilities as most of us. This could apply to art, which should have no upvoting limits in my opinion. Right now, we are seeing almost none of it, but if the NFT market continues to grow, we will probably have a few talented artists as well. Maybe they don't want to sell their art on a marketplace. Maybe they want to gift it to our community but limiting the community reward for such a thing would remove the incentive factor completely. We need a neutral ground for debate Even though many will ignore it, there is a growing need to farm upvotes amongst many of our community members. The behavior change we are seeing now can be compared to the ICO craze in 2018 but this time it's not airdrops and tasks. Farming upvotes is a legit way for many to make a living from shitposting. To solve all of these emerging issues that obviously won't go away if turn our head, we need a constructive discussion platform. This could be a sticky thread that has no karma rewards for two obvious reasons: If we do create it, it will become too loud very fast. People will post suggestions they didn't think through just because they sound like a good idea. Upvotes will create monetary value and the cycle continues. These discussions need to have zero monetary incentive to make sure only those that actually care about the community participate in them. Memesters and karma farmers won't even think about participation because there is nothing to gain from their perspective. This is a call to all "senior" community members because we have emerging problems to consider right now so we don't get lost along the way. Governance is also an issue I didn't want to discuss in detail because it is a lot more complex. The current voting system is in favor of those that hold the most Moons but what happens if a company or organization decides to purchase millions of Moons (which are dirt cheap right now as far as they are concerned) and start making decisions without our consent? This happened to Steemit already, we don't want to make the same mistake. Speak your mind and let's have a constructive discussion. Fixing one thing at a time with small changes will only help us move one step ahead, but if we plan the whole journey and always leave room for discussion we will have more efficiency and transparency. Again, this is just my observation and I would love to get input from others that feel the same. If it makes any difference, I am also asking the mods to null the rewards for this post since I didn't create it with Moon farming in mind. submitted by /u/Monster_Chief17 [link] [comments […]

  • Short of hard cash, Iran's cabinet has reportedly amended legislation to allow legally mined cryptocurrency to be used to fund imports.
    by /u/nanooverbtc on October 29, 2020 at 2:13 pm

    submitted by /u/nanooverbtc [link] [comments […]

  • Avanti Becomes Second Crypto Bank in US 🤩
    by /u/aregus on October 29, 2020 at 2:12 pm

    submitted by /u/aregus [link] [comments […]

  • Memecoin Weekly: Garlicoin
    by /u/SweetPie123 on October 29, 2020 at 2:07 pm

    ​ “the cryptocurrency you never thought you needed and you probably don’t.” - Garlicoin All time high: $4,29 USD (Jan 28, 2018) Current Price: $0,002108 USD (Oct 29, 2020) The history of the coin. Garlicoin started out with a Reddit user called 'DigitalizedOrange' who created Garlicoin early 2018. In the last months of 2017, DigitalizedOrange posted on Reddit that they would develop and release a “garlic bread dating simulator” if the post got 30,000 upvotes. On Christmas day, DigitalizedOrange posted in a new subreddit called Garlicoin that if the post got 30,000 upvotes they would create a new cryptocurrency called Garlicoin, and here was this new memecoin born. The idea of the coin. According to the website, it was “born from the shitposts of Reddit” and “baked with our special ingredient, copy/paste” because the code was copied from Litecoin. On the 21th of January the mainnet went live, and the website described the coin as: “Garlicoin is like the deadbolt for door locks; it’s secure and protects you from crypto-vampires,” and it is also “blazing-fast.”. Is it a joke? According to DigitalizedOrange the coin was intended as a joke and didn't hold any value, he stated:'' I am actually surprised it has any value at all. Reddit is stupid (love you guys).”. However, another Reddit user and co-founder “MIP5,” claimed that it had the same purpose of Litecoin or Bitcoin, but the difference is that Garlicoin focused on the community. The scandal. About 40,000 garlic coins that were premined by the developer team with the intention of giving them out to users for free as part of an “airdrop” went missing. There's been speculated that one of the developers has been involved, or stole it himself. The Garlicoin team holds a large amount of premined coins and the community can decide what they want to do with it. thanks for reading, I hope you liked it 🙂 ​ sources: Vice, Reddit, and Icoli submitted by /u/SweetPie123 [link] [comments […]

  • Statistics behind the Karma Distribution Round 6: 4418 People recieved less Karma together as the 2 highest ranked Persons - more Information inside!
    by /u/Badeindi on October 29, 2020 at 1:55 pm

    submitted by /u/Badeindi [link] [comments […]



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