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Wednesday, May 4, 2022

Daily Discussion, May 04, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted May 04, 2022 at 12:02AM by rBitcoinMod https://ift.tt/iwIGb14 https://ift.tt/x5E18wc

Tuesday, May 3, 2022

Solana Suffers Huge Outage as Bots Overwhelm Network with Four MILLION Transactions Per Second, CEO MIA

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Submitted May 02, 2022 at 10:28PM by Far-Scholar9028 https://ift.tt/FzPv5Ha https://ift.tt/wx9zD74

Is a dishonest base layer in money leading to distortion in information? I believe so. Anything built over a dishonest base layer cannot be honest. We need a transparent honest base layer.

https://ift.tt/y54Mnax

Submitted May 02, 2022 at 09:40PM by Mallardshead https://ift.tt/bkg8JDj https://ift.tt/wx9zD74

GameFi Project ArchLoot Provides NFT User Builder for Creative Playability

PRESS RELEASE. Singapore, May 3, 2022 – NFTs have disrupted the gaming industry with their unique benefits. It has been gaining popularity as many have welcomed the advent of play-to-earn (P2E) for considerable rewards, with also disquiet over the unwelcome intrusion of commerce into the escapist world of gaming.

Web3 games are supposed to consist of two things people crave — entertainment and the possibility of making money, with the scales not tipping to either end. Shaking work-to-earn off from play-to-earn space is undoubtedly an urgent mission for all builders.

Launched in 2022, ArchLoot intends to provide an ideal practice of blending playability and sustainability with profitability in the new era of GameFi 2.0. Using the lessons learned from play-to-earn development, the game has been balanced and enhanced, keeping the core elements of what made the P2E model attractive, while incorporating interactive NFT technology that could not be implemented in any other games before.

Bridge UGC with NFTs

ArchLoot is an adventurous RPG. User-generated content, in this case, users’ design of in-game avatars, is the heart of the game. Gamers can customize and battle with their very own monster.

Over hundreds of mix-matchable parts (all NFTs), including torso, head, upper limb, lower limb, and accessories, make for endless customization options. The assembling happens in a particular “evolve” builder in the game. Here you can stretch, scale, and place these parts anywhere, and edit the color schemes anytime.

Assembling the Monster

It is worth mentioning that all NFT parts have different abilities, and collectible rare ones will particularly feature special attributes. Enhancing, strengthening, or recombining siloed parts is highly potential to unleash unexpected skills and buff. The top-equipped monsters that contain 10 parts are completely shifted around other creatures, and they should be expected on every team.

Diverse gameplay, including PVE, PVP, and Clan Wars, blend an evolving challenging paradigm with P2E. In a creation-friendly community, gamers will be spearheading their gameplay preferences, including self-defined maps, cosmetics, and much more.

New Technology Born for GameFi

Limited by the flexibility of technology, user-initiated change is a long-held problem in current NFT games. When the metadata of an NFT exists in a “once written, immutable for life” manner, its value is actually pushed up by the interdiction between in-game content and the underlying data registry. Here comes ArchLoot.

The game provides a land of creative freedom that allows instant user modification of in-game NFTs. Using EIP-4985 and BEP-129 protocols, every piece of metadata, particularly performance and attributes, will be logged on-chain when it goes into the marketplace, which records and protects the efforts of the gamer.

More fundamentally, the new technology allows the creation of metadata in the form of numbers, which provides the possibility for NFTs to interact across different ecosystems and enriches the experience to a broader scope.

With the aim of building a robust and sustainable ecosystem, ArchLoot has now finished the game development and internal testing, marching to the next phase of blind box sale and open beta testing.

An editable, evolvable, and interoperable NFTgameplay is the inaugural exploration. Join ArchLoot now and be part of it.

About ArchLoot

Launched in 2022, ArchLoot is a UGC-P2E game. It provides the first interactive gameplay in the industry, which fully enables on-chain implementation of upgradeable characters/props NFTs and unleashes its potential for playability and user-generated content robustness. The game intends to build an ecosystem, including a great game and a creative community, that truly achieves a balance between playability, accessibility, and profitability.

Gathering talents from the world’s leading gaming publisher, blockchain projects, and financial elites, the team is currently operating across continents and is instrumental in achieving long-term success.

Official website: archloot.com

News contact: contact@archloot.com

 

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



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Daily Discussion, May 03, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted May 03, 2022 at 12:01AM by rBitcoinMod https://ift.tt/dHclA2D https://ift.tt/wx9zD74

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Tesla ‘Believes in the Potential of Digital Assets,’ SEC Filing Reveals

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Submitted May 02, 2022 at 08:04PM by Feodal_lord https://ift.tt/KshxXi7 https://ift.tt/wx9zD74

Daily Discussion, May 03, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted May 03, 2022 at 12:01AM by rBitcoinMod https://ift.tt/dHclA2D https://ift.tt/wx9zD74

Monday, May 2, 2022

Luxury health club Equinox to start accepting cryptocurrency payments in NYC - New York Post

Equinox wants to meet members “where they are both digitally and physically” and is partnering with BitPay, a major bitcoin and crypto payment ...

from Google Alert - Bitcoin https://ift.tt/8buoaHY

Daily Discussion, May 02, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted May 02, 2022 at 12:09AM by rBitcoinMod https://ift.tt/sImoaJF https://ift.tt/e6vKlkC

Passive Income Cyborgs: Battle Borgz Publicly Launches on KICK․IO

PRESS RELEASE. NFTs are not a temporary trend. NFTs are here to stay.

Although analysts are still in the process of realizing the full potential that the technology behind ‘Non-fungible tokens’ offers, much is already clear. Beyond being used to certify the authenticity of artwork, the applicability of NFT technology extends to many other fields and harbors some natural synergies with the next generation of gaming.

Battle Borgz is on top of this trend. Battle Borgz are developing a unique NFT-based PvP and PvE battle game built on the Cardano ecosystem, promising gamers an experience that not only rewards enthusiasts with countless hours of engaging gameplay but also an opportunity to earn some passive income on the side.

Traditionally, the relationship between the gamers and the developers has been one-sided – customers enjoy the experience while developers monetize their playtime. Battle Borgz is different. By drawing on the blockchain and NFT technology which has enabled the development of play-to-earn projects, Battle Borgz has created a unique and rewarding gaming experience.

After randomly minting their unique cyborg NFTs, gamers can battle against other players in a variety of ranked game modes against other players or NPCs – all while earning $BORGZ simply through gameplay. Because it puts its players first, Battle Borgz is able to make sure that everyone involved benefits from their playtime through enjoyable experience and opportunities to earn some passive income from their newly minted NFT assets.

Battle Borgz
Website | Twitter | Discord

Public sale on KICK.IO

Battle Borgz priority IDO round will kick off on May 2nd, 17:00 GMT. Many early project backers have already sent inquiries our way, so be sure to participate early!

IDO Details

  • Ticker: BORGZ
  • KYC: No
  • Payment options: ADA

Priority Public Sale (24 hours before)

  • Price: 0.0000007 ADA
  • Start: May 2nd (17:00 GMT)
  • End: May 3rd (17:00 GMT)
  • Available supply: 20,000,000,000
  • Requirement to participate: 10,000 KICK staked in a locked pool
  • Requirement to endorse: 10,000 KICK staked in a locked pool

Public Sale

  • Price: 0.0000008 ADA
  • Start: May 3rd (17:00 GMT)
  • End: May 9th (17:00 GMT)
  • Available supply: 50,000,000,000
  • Requirement to endorse: 10,000 KICK staked in a locked pool

About KICK.IO

KICK.IO is a Cardano-based fundraising platform and project accelerator, designed to provide transparent, efficient, and fully decentralized crowdfunding services. KICK.IO is set to mature into a cornerstone of the new Cardano-dominated DeFi landscape, becoming the place where Cardano’s extensive community can come together to fund projects characterized by the immense potential for future success.

Our next-generation decentralized launchpad will be built according to the best DeFi industry practices, ensuring real-time settlement, top-notch security, interoperability, true decentralization, zero counterparty risk, while also being fully scalable to meet the needs of institutional investors. Unlike our competitors, we offer full support of Cardano native tokens and a suite of advanced DeFi tools that upcoming projects need to thrive and prosper.

Twitter | Telegram | Medium | Website

 


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.



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Crypto week at a glance: Another country adopts BTC as legal tender; Flipkart explores Web 3

Bitcoin crossed a major milestone in September 2021, when it became a legal tender for El Salvador. Although this move was condemned by financial ...

from Google Alert - Bitcoin https://ift.tt/KI34FNY


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Bitcoin just closed it's 5th red week in a row. This hasn't happened since...

December of 2014 at the end of the bear market. 2 Weeks later it set in its cycle low and never looked back.



Submitted May 01, 2022 at 09:41PM by Imdouce https://ift.tt/A4oSN7e https://ift.tt/e6vKlkC

from #Bitcoinmovement - The hub of Bitcoin and Crypto media https://ift.tt/FyP5wba
via IFTTT

Crypto week at a glance: Another country adopts BTC as legal tender; Flipkart explores Web 3

Bitcoin crossed a major milestone in September 2021, when it became a legal tender for El Salvador. Although this move was condemned by financial ...

from Google Alert - Bitcoin https://ift.tt/KI34FNY

Bitcoin just closed it's 5th red week in a row. This hasn't happened since...

December of 2014 at the end of the bear market. 2 Weeks later it set in its cycle low and never looked back.



Submitted May 01, 2022 at 09:41PM by Imdouce https://ift.tt/A4oSN7e https://ift.tt/e6vKlkC

Sunday, May 1, 2022

In the Family Guy episode S14E11 (aired 10/01/2016) Peter suggested investing into bitcoin to help with their future savings.

The price back then was US$448.70. If anyone was stupid enough to take advice from a ridiculous cartoon back then they'd be up 8,500% by now.



Submitted May 01, 2022 at 12:33AM by Nebarik https://ift.tt/DILFhPY https://ift.tt/DucBt0n

India Exploring Commercial Uses for Central Bank Digital Currency, Says Finance Minister

India Exploring Commercial Use Purposes for Central Bank Digital Currency, Says Finance Minister

The Indian government is exploring “several commercial use purposes and not just financial inclusion” for its central bank digital currency. India’s finance minister clarified that the aim is for the digital rupee, which will be backed by the Reserve Bank of India (RBI), to be issued by 2023.

India’s Finance Minister on RBI-Backed Digital Currency

Indian Finance Minister Nirmala Sitharaman talked about the country’s central bank digital currency (CBDC), the digital rupee, this week at a business roundtable on “Investing in India’s Digital Revolution” in San Francisco.

The event was organized by the Federation of Indian Chambers of Commerce & Industry (FICCI), a non-governmental trade association and advocacy group based in India. It was hosted by the U.S.-India Strategic Partnership Forum (USISPF).

Reiterating that the government and the Reserve Bank of India (RBI) aim to introduce India’s central bank digital currency in 2023, the finance minister described:

The government and RBI are looking into its several commercial use purposes and not just financial inclusion.

She noted that financial inclusion “is largely achieved through the JAM trinity (Jan Dhan-Aadhaar-Mobile).” The minister of finance previously claimed: “The JAM trinity concept of the Narendra Modi government helped to reach the farthest person in the country.”

Sitharaman emphasized that the Indian government maintains a consistent digital push across all industries. She stressed: “Central bank digital currency, digital banks, and digital university were announced in the Union Budget. There is a continuous digital nudge by the government across sectors.”

The finance minister explained during her Budget speech that the introduction of a central bank digital currency will give a big boost to the country’s digital economy, stating:

Digital currency will also lead to a more efficient and cheaper currency management system.

Meanwhile, the Indian government is working on the country’s crypto policy. The finance minister said this week that the decision will not be rushed through. RBI Deputy Governor T. Rabi Sankar said the central bank would go about launching a digital rupee “in a very calibrated, graduated manner, assessing impact all along the line.”

Finance ministry officials are also discussing crypto regulation with the International Monetary Fund (IMF) and the World Bank.

What do you think about the comments by India’s finance minister? Let us know in the comments section below.



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Monthly Skeptics Discussion - May 2022

Welcome to the Monthly Skeptics Discussion thread. As the title implies, the purpose of this thread is to promote serious rational discussion about cryptocurrency related topics but with an emphasis on skepticism. This thread is intended to be an outlet for critical discussion, since it is often suppressed.

Please read the rules and guidelines before participating.


 

Rules:

This discussion thread has much higher standards compared to the Daily Discussion thread. Please behave in accordance with the following rules.

  1. All r/CC rules apply.

  2. For top-level comments, a minimum of 250 characters will be imposed as well as a minimum of 1000 comment karma and 6 months account age.

  3. Discussions must be on-topic, ie only related to critical discussion about cryptocurrency. For example, the flaws in a consensus algorithm, how legitimate a project is, missed development milestones, etc. Discussions about market analysis, financial advice, or tech support will most likely be removed and is better suited for the daily thread.

  4. Low-effort comments promoting coins or tokens will be removed. For example, comments saying “Buy coin X!” or “Coin X is going to the moon!🚀”, showcasing the current composition of your portfolio, or stating you sold coin X for coin Y, will be removed. In other words, no shilling.

  5. Offensive language, profanity, trolling, and satire will be removed. This thread is intended for mature discussion.

NOTE: The above rules will be strictly enforced upon top-level comments by AutoModerator. Since each top-level comment is automatically reminded of these rules, no leniency will be granted.

 

Guidelines:

  • Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.

  • Popular or conventional beliefs should be challenged.

  • Refer topics such as price, gossip, events, etc. to the Daily Discussion.

  • Please report top-level promotional comments and/or shilling.

 

Resources and Tools:

  • Read through the Cointest Archive for material to discuss and consider participating in the contest if you're interested. You can also try reading through the Critical Discussion search listing.

  • Consider changing your comment sorting to controversial, so you can find more critical discussion.

  • Click the RES subscribe button below if you want to be notified when new comments are posted.

 


To find prior Skeptics Discussion threads, click here

EDIT: Updated the internal rules.



Submitted May 01, 2022 at 12:00AM by CryptoSkeptics https://ift.tt/tK2oBW1 https://ift.tt/DucBt0n

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Bitcoin price analysis: BTC retests $38,000 support, push higher next? | Cryptopolitan

Bitcoin price analysis is bullish today as we expect a higher local low to be set and another push higher to follow. Likely BTC/USD will return...

from Google Alert - Bitcoin https://ift.tt/dV4Ybxe

Daily Discussion, May 01, 2022

Please utilize this sticky thread for all general Bitcoin discussions! If you see posts on the front page or /r/Bitcoin/new which are better suited for this daily discussion thread, please help out by directing the OP to this thread instead. Thank you!

If you don't get an answer to your question, you can try phrasing it differently or commenting again tomorrow.

Join us in the r/Bitcoin Chatroom!

Please check the previous discussion thread for unanswered questions.



Submitted May 01, 2022 at 12:08AM by rBitcoinMod https://ift.tt/JQ1V2Zp https://ift.tt/DucBt0n

Monthly Skeptics Discussion - May 2022

Welcome to the Monthly Skeptics Discussion thread. As the title implies, the purpose of this thread is to promote serious rational discussion about cryptocurrency related topics but with an emphasis on skepticism. This thread is intended to be an outlet for critical discussion, since it is often suppressed.

Please read the rules and guidelines before participating.


 

Rules:

This discussion thread has much higher standards compared to the Daily Discussion thread. Please behave in accordance with the following rules.

  1. All r/CC rules apply.

  2. For top-level comments, a minimum of 250 characters will be imposed as well as a minimum of 1000 comment karma and 6 months account age.

  3. Discussions must be on-topic, ie only related to critical discussion about cryptocurrency. For example, the flaws in a consensus algorithm, how legitimate a project is, missed development milestones, etc. Discussions about market analysis, financial advice, or tech support will most likely be removed and is better suited for the daily thread.

  4. Low-effort comments promoting coins or tokens will be removed. For example, comments saying “Buy coin X!” or “Coin X is going to the moon!🚀”, showcasing the current composition of your portfolio, or stating you sold coin X for coin Y, will be removed. In other words, no shilling.

  5. Offensive language, profanity, trolling, and satire will be removed. This thread is intended for mature discussion.

NOTE: The above rules will be strictly enforced upon top-level comments by AutoModerator. Since each top-level comment is automatically reminded of these rules, no leniency will be granted.

 

Guidelines:

  • Share any uncertainties, shortcomings, concerns, etc you have about crypto related projects.

  • Popular or conventional beliefs should be challenged.

  • Refer topics such as price, gossip, events, etc. to the Daily Discussion.

  • Please report top-level promotional comments and/or shilling.

 

Resources and Tools:

  • Read through the Cointest Archive for material to discuss and consider participating in the contest if you're interested. You can also try reading through the Critical Discussion search listing.

  • Consider changing your comment sorting to controversial, so you can find more critical discussion.

  • Click the RES subscribe button below if you want to be notified when new comments are posted.

 


To find prior Skeptics Discussion threads, click here

EDIT: Updated the internal rules.



Submitted May 01, 2022 at 12:00AM by CryptoSkeptics https://ift.tt/tK2oBW1 https://ift.tt/DucBt0n

Featured Post

BITCOIN (BTC) blockch✂️ain FORKS

🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧🛑🚧 Bitcoin Cash:  Forked at Block 478558, 1 August 2017, For each 1 BTC you get 1 BCH Bytether:  Cross for...