Exchanges The best way to support XRP is to buy/sell XRP directly with your local currency, not with USDT, ETH, LTC, or BTC. Available XRP pairs - AUD, BRL, CAD, CNY, EUR, GBP, IDR, INR, JPY, KRW, MXN, PHP, RUB, THB, TRY, UAH, USD, ZAR. You can find the complete list of XRP exchanges and supported XRP/fiat pairs Here.
Signs Bitcoin is not going to reach mass adoption...
Bitcoin isn't going to go mainstream. No amount of Lightning Network (coming soon), SegWit (coming soon), bigger blocks (coming soon), or hard forks (never coming soon) is going to spur mass adoption. Here are some tell-tale signs that Bitcoin is still on the fringe and will remain so. I used Bitcoin for blank, give me karma. Whether it's buying or selling something for Bitcoin, there are always those posts that seek confirmation from the echo-chamber that what they did is good for Bitcoin. You know what you don't see? Posts anywhere on reddit along the lines of "I bought this X for fiat from Amazon." You know why? No one cares if you use cash because it is mundane, widely available, and trivial to use. It is a tell-tale sign of mass adoption. Bitcoin technology is going to revolutionize the BLANK INDUSTRY. Capitalists are the kind who will find and exploit every advantage they can to gain a competitive edge. Be it technology, process, idea, or whatever if it can be turned into a money making machine. There have been estimates that Bitcoin has a $10 billion market cap, which is certainly impressive for something that came from nothing. But in the grand scheme of commercial trade it's a drop in the bucket. If Bitcoin were truly revolutionary, capitalists would have exploited it and actively contributed to its development already. Sure, there have been some minor localized successes, but not one truly revolutionary and successful billion dollar company has arisen. Not one Bitcoin company is a ubiquitous household name or brand. The ones everyone knows about in the Bitcoin space are irrevocably linked with fraud. Mt. Gox and Bitfinex for example. ...well. The most innovation in the Bitcoin space appears to be dark net markets and malware. Whether that's truly a welcome revolution is up for debate. Bitcoin innovation is stagnant. Other than slapping a miner on an already existing product, ahem 21 inc., what big innovation has there been in the Bitcoin space? The apps for buying and selling Bitcoin are all pretty much the same functionally. OpenBazaar has not heralded the end of online commerce as anticipated. It also continues to promise more features perpetually "coming soon" while the competition out-innovates them at the same time. Micro-tipping ChangeTip didn't really take off, and Steem or Yours isn't really a threat to any social network not focused around the idea. KimDotCom talks big, but he has yet to deliver. u/changetip dose of reality Bitcoin's fluctuating value makes it impossible for the average person calculate. Notice that everything is still pegged to fiat in terms of valuation? Without using an internet device tell me how much $5 is worth in Bitcoin. Now decrease that by 7.23% because the BTC market dropped, again without the internet or a calculator. How much Bitcoin is that $0.99 coffee? What about this afternoon when Bitcoin is up 4.77%? What is your profit margin right now for being the seller? How about when you sold coffee for 12.19% earlier today. Also, did you pay the right amount of penny shavings for your coffee transaction to go through? Yes? It may take up to 10 minutes to process. Maybe. Or not. We could have paid $0.99 in filthy fiat and been on our way already. Widespread adoption isn't happening organically, or at all in most areas. Outside of San Francisco and a few technically savvy urban enclaves where digital natives are on the cutting edge, there is no use case for Bitcoin in Kansas. Bitcoin has to rely on those who believe that it is better than fiat to spread the gospel of Satoshi (#NotACult). Until you don't have to have someone proselytize at length about Bitcoin's advantages over fiat, it isn't mainstream. How many posts have you come across where "I convinced Business Owner X to accept Bitcoin" only to check in later to find out they are no longer accepting it? Speaking of cults... Self-congratulatory posts patting the faithful on the back for their piety in printing out Bitcoin flyers or pasting stickers in public are frequent. Any time a Bitcoin logo is spotted in Mr. Robot, alongside the THOUSANDS of other symbols in it, the faithful are further convinced that widespread adoption is an inevitable reality. They're convinced viewers are keyed in to an insignificantly minor detail which will unravel the wisdom of the fiat destroyer Satoshi Nakamoto who will bring prosperity to all who read the hallowed white paper. Also, deviation from the truth laid down in the whitepaper is heresy. #NotACult Which leads to all sorts of problems when the core developers, miners, or users want to change something for the improvement of Bitcoin. How many BIPs are actually implemented successfully without raising the ire of a vociferous userbase rabidly against change? (If you do know, please comment.) Mass adoption would inevitably require regulation. One of the functions of Bitcoin is to be a stateless, borderless, and censorship resistant currency. Does it accomplish that? Yes. But if Bitcoin were to become widely adopted it would inevitably attract regulation. Uber is a great example of what happens when industry outpaces regulation. Uber drivers disrupted the taxi industry mainly because most places did not have regulations in place. Although providing an innovative service, it also led to insurance problems when drivers got into accidents, or health and safety concerns when drivers or riders get involved in an incident. Regulation is bringing the cavalier industry back into the realm of public safety and security. Bitcoin may outpace regulation for a while, but mainstream adoption will inevitably require regulation at some point. How much of a percentage profit is legal when selling Bitcoin at an ATM? How do you classify gains or losses on taxes? What if I want to set up a retirement plan? What if the entity I store my Bitcoin savings with goes under? Those sorts of every day questions have legal ramifications that need to be parsed out for people to feel secure enough to adopt Bitcoin. If you're screaming "STATIST SHILL" while reading this on a computer of some kind, remember that there are legal regulations insuring the device you're reading this on conforms to certain requirements. Be your own bank is not a good thing for most people. We hire people to be experts and professionals to do things we are not good at ourselves. You'd hire a lawyer to litigate on your behalf. You'd hire a plumber to fix your leaking pipes. Most people are not good at being their own bank. Storing large amounts of cash in areas that are susceptible to theft is not a good idea. That's why people have banks. Do banks get robbed? Yes, but regulation insures that your deposits will be reimbursed. Can you be your own bank with Bitcoin? Yes. But you also assume all the risk, even the ones you are not cognizant of. bitcoin is no stranger to posts from users who lose their bitcoin with no means of recovery because they didn't fully anticipate the risks. SFYL. But why would you want to go through all the hoops to be your own bank? You still need to convert that Bitcoin to fiat (or vice versa), get a loan for a car or home, or pay utility bills. Irreversible transactions mean your money is gone. Unless the person on the receiving end is feeling altruistic, those Bitcoin you sent to the wrong address or were "hacked" from the exchange you use are gone. How many people have been successful at recovering their lost Bitcoin through legal means? How many lawsuits have been successful at this? ::crickets:: The place where I store my money took 30% because they screwed up. The ongoing BitFinex debacle is a prime example of why you should trust no one with your Bitcoin. Sure, they appeared legitimate. They were operating a successful exchange. Everything appeared to be in order and were highly recommended by most in the Bitcoin space. Until they got "hacked" and decided to distribute the "losses" among the users. Most of those who lost Bitcoin in the hack are powerless to do anything. Some have turned to the authorities to recover their losses. Some are trying to mount a lawsuit. Some are going through the various stages of grief. The inevitable "hack" that large Bitcoin entities experience is becoming a routine way for trusted innovators in the space to cash out safely with other people's savings. Mt. Gox, Cryptsy, and BitFinex are merely the largest skulls on a pile of bones of cryptocurrency heists. They were all trusted, until it became apparent that it was all a scam. An industry where "trusted" actors can get away with theft is a barrier to widespread adoption. Reddit is the primary communications platform where announcements occur. If you've been burned by bitcoin or some company's support agents that didn't respond to your post, we welcome you with open arms. Bitcoin is going to put an end to wars and government tyranny. At what point in history has the use of currency determined whether or not a group, religious faction, or nation is going to wage hostilities against another? Or that adoption of a currency led to an outbreak of peace? It isn't going to happen. Every now and then Greece, Venezuela, or (INSERT AFRICAN COUNTRY HERE) experience economic turmoil and it is viewed as an opportunity for Bitcoin adoption. No, it isn't even an opportunity. Because the people who use Bitcoin also have easy access to stable fiat currency through banks. They have the first world luxury of being able to convert fiat to Bitcoin relatively easily. (If jumping through several additional steps can be considered easy.) Has Bitcoin taken off anywhere with economic turmoil? Let's check the history books. No. Not one. Even marginal increases in adoption didn't occur. I'm sure there are Captains of Industry who disagree with me for expressing these ideas. I'm sure there are also those who like me have been banned from bitcoin for pragmatic, practical, and reasonable insights. If you've wandered over here from bitcoin or btc or are u/americanpegasus looking to waste $50,000 of your precious time... welcome. Gentlemen...
Another month has passed, and we have been busy trying to improve the bot as much as we can, and I just wanted to thank everyone who has been involved with us, either developing scripts, notifying users, being active, or giving suggestions. Everything helps us, and you are all awesome. Special thanks to itsnotlupus for creating a greasemonkey script that fixes the deliberately non-clickable links in noncensored_bitcoin, making all our lives easier.
Using /CryptoCurrency's open modlogs we have been able to match most removed items up with the modlog entry. Because of this we have found that a large volume of content /CryptoCurrency are removed due to their Rule #2, Account age and karma requirements. This accounted for nearly 80% of /CryptoCurrency's removals and skews the statistics badly. These removals are applied uniformly(automoderator) and the affected users are notified by automoderator. We have decided to omit the content known to match this specific rule from the stats post. If we can identify other such rules that are skewing the results to such a degree, we will do the same for other subreddits. All other removals detected were included regardless of reason. In general, the openness of both /CryptoCurrency and /btc has surprised us. The moderators of both /btc and /CryptoCurrency have expressly endorsed our work as being a solid step towards openness and freedom of discussion, and both have proved that they allow many disparate viewpoints with unbiased removals of only rule violators. If you have any suggestions of what stats to include in tracking, you can post here, we will review and see if we are able to add them to the following months' post.
Top 3 Censored
These were the most censored Users, this does not include previous months top censored Users, or Users who are currently being notified via the bot.
on /Bitcoin 29 posts or comments were either greylisted or actively removed.
In total 432,982 content submitted over the 3 subreddits. 35,828 posts submitted. 387,154 comments submitted.
6,761 content was removed; 3,854 of these were posts, and 2,907 were comments. 1.6% content was removed; 10.76% of these were posts, and 0.75% were comments. 1,332 of the removals matched to open modlogs, 645 (48.42%) were removed by Automoderator rules; 671 (50.38%) were removed by moderators directly.
Out of all content removed, 617 total was approved at a later date, which is 9.13% of removed. This is when a moderator overrides the automod greylisting to re-add it to the subreddit, usually without any notification, and if enough time has passed the comment or post may be seen by almost no one. 158 of these were posts, meaning 4.10% of removed posts were approved later. 459 of these were comments, meaning 15.79% of removed comments were approved later. It took an average of 9 hours, 54 minutes to manually approve content that was removed by the AutoModerator; with a median of 6 hours, 13 minutes.
Only 230 users were notified by our bot when their content was removed or blocked, this is only 3.40% of all removals detected.
In total 210,145 content was submitted in /Bitcoin. 16,970 posts submitted. 193,175 comments submitted.
5,239 content was removed; 3,239 of these were posts, and 2,000 were comments. 2.49% content was removed; 19.09% of total posts, and 1.04% of total comments. 2291 (43.73%) content was actively removed after appearing live on the site. 1583 of these were posts, 708 were comments. 2948 (56.27%) content was greylisted and removed before the bot ever spotted it on the subreddit. 1656 were posts, 1292 were comments. 0 of the removals matched to open modlogs, /Bitcoin does not have open modlogs, and so we are unable to provide statistics for this.
Out of all content removed, 549 total was re-approved at a later date, which is 10.45% of removed. The average time to re-approval was 10 hours, 30 minutes; and the median was 7 hours, 31 minutes. 147 of these were posts, meaning 4.54% of removed posts were approved after an average of 4 hours, 3 minutes; median of 2 hours, 12 minutes. 402 of these were comments, meaning 19.95% of removed comments were approved after an average of 13 hours, 3 minutes; median of 9 hours, 54 minutes. The quickest approve took 16 minutes to detect.
In total 115,208 content submitted in /CryptoCurrency. 14,056 posts submitted. 101,152 comments submitted.
803 content was removed; 368 of these were Posts, and 435 were comments. 0.70% content was removed; 2.62% of total posts, and 0.43% of total comments. 484 (60.42%) content was actively removed after appearing live on the site. 240 were posts, 244 were comments. 317 (39.58%) content was greylisted and removed before the bot ever spotted it on the subreddit. 128 were posts, 189 were comments. Of the 654 removals matched to an open modlog rule, 114 (17.4%) were removed by automoderator.
Out of all content removed, 63 total was approved at a later date, which is 7.87% of removed. The average time to re-approval was 4 hours, 50 minutes; and the median was 3 hours, 46 minutes. 11 of these were posts, meaning 2.99% of removed posts were approved after an average of 3 hours, 52 minutes; median of 3 hours, 19 minutes. 52 of these were comments, meaning 12.01% of removed comments were approved after an average of 5 hours, 2 minutes; median of 3 hours, 59 minutes. The quickest approve took 23 minutes to detect.
Only 3 of users were notified by our bot when their content was removed or blocked, this is only 0.37% of all occasions.+ +ThissubredditusesautomodtoPMuserswhenitgreyliststheirposts/comments.WehaveconfirmedthatthisPMingsystemworks,andapplaudtheopennessfromthe/CryptoCurrencymods.
In total 107,629 content submitted in /BTC. 4,802 posts submitted. 102,827 comments submitted.
721 content was removed; 247 of these were Posts, and 474 were comments. 0.67% content was removed; 5.14% of total posts, and 0.46% of total comments. Of these, 527 (73.09%) were greylisted(not seen live). Of the 664 removals matched to an open modlog rule, 470 (70.57%) were removed by automoderator.
Out of all content removed, 5 total was approved at a later date, which is 0.69% of removed. 0 of these were posts. 5 of these were comments, meaning 1.05% of removed comments were approved later.
Wewereunabletoreliablycalculatetheaverage/medianofthisstatisticduetothelowsamplesize. The quickest approve took 3 hours, 30 minutes, 45 seconds to detect.
Only 4 of users were notified by our bot when their content was removed or blocked, this is only 0.55% of all occasions. This concludes our stats posts, if you have any suggestions on what we could include, you can comment below and we will try our best to include it next month. We hope you enjoyed the post, and we would appreciate any feedback or really any discussion regarding this at all, as always you are entitled to free speech here, within Reddit's general rules.
Recently I've been unable to let go of this thought. It started after I made these two comments. A few days after making these comments, I was discussing it with my girlfriend, a psychology major. (I'm a a Political Science major.) After awhile, I started to formulate a very simple question. What if someone tried to apply the Social Sciences to Internet Culture? Would the results support current theories, expand upon them, or even create new ones? I began to dig. I found very little material dedicated to the Internet specifically, besides the old Okcupid Blog, and some very loose information. Nothing seemed to study Internet CULTURE, though, especially not in the vast majority of the Social Sciences. This led me to think: how could I go about establishing a branch of the Social Sciences focused solely on the Internet? Before I went any further, I needed to narrow my focus. The Internet is huge, with many sites that could or could not qualify as being part of Internet Culture. I can only think bigger after I'm able to successfully make this work on a small scale. There's no denying that Reddit is one of the biggest, and most comprehensive sites that participates and forms Internet Culture. Within Reddit, too, there are many subcultures (subreddits), and they all function within a global environment (the Internet as a whole.) If one were able to succeed in applying the Social Sciences to Reddit, then all further studies could expand upon this practice. So for the rest of this post, I will discuss how I believe one might go about applying the Social Sciences to Reddit. Hypothesis A general hypothesis had to be established at this point if I wanted this to be a true study. So I boiled my questions down to: The Social Sciences can be applied to Reddit Culture, in its parts as well as in its whole. Simple enough. But the Social Sciences are broken down into various fields that are both codependent on each other, and independent in their own right. Therefore, each specific field requires its own hypothesis explaining how it would analyze Reddit. This requires a handful of auxiliary hypothesize: Anthropology
The study of young, developing subreddits.
The focus here is to see how subs grow and develop over time, until they either level off or gain a large following.
The study of popular, controversial, and influential posts throughout Reddit's history.
To a large extent, /MuseumOfReddit is doing the work of archiving these posts, but there's still a need for analysis.
The study of Metareddits -- what the subs in a metareddit have in common, what hiveminds are created/allowed, how they evolve, and how they rely on one another.
The study of individual subreddits. Essentially this is the same as the Area Studies branch, but more narrowly specialized.
The study of Karma, Reddit Gold, and (to a lesser extent) Reposts and Bitcoin's use.
This would obviously rely on statistical data; i.e. what reposts yield the highest Karma, or the relation of Karma and gilding (on average, how much Karma does it take before a user is gilded.)
The study of gender and sexuality on Reddit.
This ranges from the presence of Feminist/Men's Rights ideals to the place of NSFW subs (i.e. why users post on /gonewild), alongside the place of LBGT subs (both casual and NSFW).
The study of user traffic, both on Reddit as a whole, and in individual subs. Also questions the migration patterns of users between subs.
From what I can tell, ToR seems to have already collected a large amount of data on this.
The study of political structures on Reddit -- how mods run subs, the mentality of a sub's user base, etc.
The study of Redditors' mentality, both as a whole and on an individual basis.
This would range from developmental (how new users react to Reddit) to analytical (how seasoned users see the site).
The study of Redditors' real life statistics-- their race, social status, age, gender, location, etc.
This is the most general field, and the research here could help other fields with their analyses.
Methodology Of course, in order to practice these fields, and in order to produce specific studies, some methodologies must be established. These will serve as guidelines for how one would perform a study in a desired field. Immersion
This requires a tester to participate in a sub, noting how the community included the tester, what can and cannot be said, etc.
This would be used mostly to look at anthropological, cultural, and area cases.
This would mostly involve gathering general data (i.e race, age, gender, social class, etc) and statistics (Karma count, traffic, etc).
Performed on a widespread scale, throughout various subs.
Mainly for sociological and economical data, which can then be analyzed by all other fields.
Utilizes the same methods as most other posts seen here on ToR.
Taking a specific user and following their experience through their time on Reddit by continuously touching base with them.
Mostly for psychological cases, but could be used to gather specific information about Gender and sub Politics.
This involves gathering posts from the past, and drawing conclusions based on this research, looking for common trends.
Used for Political, Anthropological, and Archeological purposes.
This means watching a community from the outside and not being involved. Basically it'd be like watching animals in a zoo, to put it rather crudely.
This would be best for Political, Gender, and Sociological studies, but can work in other areas.
Organization All this raises the question How would this "school of thought's" presence be organized online? or How would it be institutionalized? No matter what, it'd have to be an "outside entity"; if random Redditors from various subs became testers within their favorite subs, it'd create too great of a bias. By keeping it "outside," it maintains a sense of a control. There are two ways to attack the situation. 1.) Create a new Subreddit. Pros:
Still part of the Reddit community, making it easy to gain new testers.
Easy access to all other subs.
May get too many "unprofessional" testers.
Subject to the same brand of hiveminds all other subs suffer from.
Possibly too separated from Reddit, thus meaning a) smaller userbase b) more difficulty getting itself involved in the Reddit community. (This is the major problem UofR has had.)
Both options have their pros and cons, and I'm still unsure what exactly would be the best execution for establishing a credible institute for studying Social Science on Reddit. Professionalism This all raises a bigger, even more important question: How would this institute maintain a level of professionalism? Regardless how the institute is organized, it'd still need to make sure testers have at least a basic understanding of all Social Science fields, both how they'd be applied to Reddit and how they're used in the real world. The institute would have to combat against trolls and less-qualified testers. So far, I've thought of two ways: 1.) Write up a wiki. Just a basic outline of history for all the fields. It'd give new testers a sense of what each field specializes in, the methodologies they use, and the theories they generally support. 2.) Any user who wishes to contribute to studies (independent and communal) must first pass a test. I imagine it'd be similar to what Karma Court does with their Bar Exam. The difference though is that a) the test would be slightly more difficult, just to maintain a solid level of professionalism, but still general enough to allow for new user and b) it would be require, not optional, for anyone who wants to participate in studies. Other Question I still have a handful of general questions that I've yet to answer. How fast must we move? Things happen fast here on Reddit. How frequently must studies be performed, reevaluated, etc? Is Reddit on the way out? If so, would it deem all this worthless? I know there's been a lot of research here on ToR about Reddit's continual growth, but there's also constant talk about "the next big thing". Does Reddit have enough staying power to still be studied? If it does die, could data be transferred? Would case studies be allow on Reddit? At what point would gathering information, even with consent, be considered doxxing? Is even general statistical information too far? What about individual analysis? To Wrap Everything Up I figured ToR was the best place to bring up all these questions, because you all seem the most energetic about understanding Internet Culture, especially Reddit. Technically speaking I've seen a lot of discussion on Reddit's relation to the Humanities (Linguistics, Philosophy, History, etc), but the Internet is a social culture. I want to help kickstart a practice of Social Sciences here. I believe it would make an amazing impact, and I feel Reddit is the best place to start. So ToR, what do you think? TL;DR: I want to try to establish an online institute that applies the Social Sciences to Reddit. Is it possible, or am I out of my league?
Before we get into last month's awards, I wanted to take a moment to discuss the voting habits of this subreddit. Many users don't appear to be upvoting good posts; I will often see more comments thanking the poster than upvotes. This is a problem because upvotes serve a number of important functions, such as:
Providing positive feedback to contributors (letting them know their post is appreciated)
Providing an indicator of the quality of a HIT
Providing statistics that we use to calculate the monthly awards
So if you do a HIT after seeing it posted here and feel it was worth your while, please remember to come back and leave an upvote on the post. Your feedback makes a big difference. On the flipside, let's talk about downvoting. We have removed the downvote button because it was being abused. Although there are ways to get around this, we ask users to please not downvote. If you feel compelled to downvote for what you feel is a legitimate reason (post formatted incorrectly, not a HWTF, etc.) please instead leave a comment on the post. This is a more effective form of feedback, both for the poster and the community. If a post is violating subreddit rules (revealing spoiler information or using a link shortenemonetizer) please report the post so the mods can remove it. Please do not downvote to hide posts you've already seen, and please do not downvote for any of the reasons listed here. Downvoting has caused several formerly prolific posters to stop contributing, and caused many others (including myself) to consider reducing our posting frequency as well. As one user aptly put it, getting downvoted after taking the time to share a HIT with the community is like "a slap in the face". TL;DR
Please do: upvote quality posts
Please don't: downvote posts for any reason
And now without further ado, the monthly award winners!
Most of our income for the awards is sourced from users like you. If you see a fellow turker here with a gold coin beside their name, please take a second out of your time to thank them for helping us make this a thriving community for turkers. And of course, if you feel that we've added a boost to your turking income, you can help support this community and the community pool by sending a little of that back our way. Bitcoin: 1EyacQJ9uuUzpoC2ZmJB1Aeesi1JqGAiKV Paypal: king_gouda "at" yahoo.com If you have donated and would like shiny coin next to your username, please PM us with your donation information so that we can verify our records.
mTurk has increased their fees to 20% of the award payout amount. This is unfortunate, as it means a larger chunk of your generous donations are being gobbled up by overhead costs. We're not happy about this, but we've had to adjust payouts accordingly. However, we think we've come up with a workable solution that gets back some of those fees. Anyone that wants to be paid out through mTurk will receive the amount displayed in the chart below, but anyone who opts to be paid out in bitcoin or through paypal will receive the amount shown + 10% We recommend bitcoin because of the ease of payouts and the transparency of the transaction on Reddit. We can simply comment your award right to you! With Paypal, there could potentially be a fee for the service. Of course, either way, the winners will need to still complete the HWTF HIT on mTurk so that we can ensure that the award goes to the right person.
/fairshareloans was a bitcoin subreddit dedicated to sticking it to da man. It's goal was to provide users a way of getting a bitcoin loan, without all that pesky red tape from statist institutions. Unlike those traditional loans, with jackbooted requirements, such as: ability to repay, FICO scores, and identification, /fairshareloans decided due diligence needed to go no further than Reddit Karma. Based on how many internet points one had acquired, one could apply for a loan by simply making a reddit post. Surely this is the program to bring about mass adoption. So how did it do? Let's take a look. Source Bitcoin price 253.12 Total principal loaned out: 962,262.56 bits Total principal + Interest to be received: 989,195.79 bits Right away we can see this is no laughing matter. This captain of industry stood to make $6.81, and only had to risk $243, a 2% return!!! Success like this would make Jamie Dimon cream his pants. How did our intrepid entrepreneur fair? Well out of the 962,262.56 bits loaned out, or hero collected 634,644.87 bits. A loss of 327,617.69 bits, not including missed interest, or $78.62. Fortunately for him though, the price had dropped to 240.00 per bitcoin, so he actually lost less. Smart man!!! Now you are probably shocked at this point, who could have foreseen this? How could this have happened under the loving care of the Blockchain? Surely it was in peoples best interest to pay back these loans? What happened? Well CyanideandMadness has beat you to the punch with this insight!
7 unpaid out of 52, don't see how that would be the main reason
13% of loans are currently non performing, and that seems bad, but look on the brightside. 11 of the 52 were to the creator of the sub and at zero interest and he paid back his in full!!! If we didn't have that outlier to fall back on we would be looking at 17%, so this is good news. By now you are probably like me, ready to give the creator a heartfelt /sorryforloss, but don't fret, in the immortal words of our noble temporarily embarrassed millionaire.
Sorry for the long and (I hope not too) incoherent post, but this is something that's bothered me for a short while Browsing this subreddit the past few weeks (ironic new account is new, I try to keep my life private by regularly deleting accounts) I've noticed a general dip in quality of this subreddit - this is especially noticeable if browsing by new. Now one primary reason for that, which some of you may disagree with me on, is the increasing amount of posts that are beginning to parallel bitcoin. Daily front-page posts just reposting tweets that always boil down to "haha bcore high fees amirite". You think btc fees are high? You're not alone, but there's no need to clog up the front page with these low effort posts. The first thing potential subscribers see is a bunch of snarky, sometime directly insulting comments from the subreddit which is supposed to be the more civilised and open. You can make the argument that btc has way less censorship and is more open (and you're right to do so) than bitcoin, but the whole "bcore sucks" mentality a lot of people here have effectively squanders that by dismissing, downvoting and insulting posts or comments with anything to do with bitcoin core. Even the people that use the phrase bcore contribute to this - a "bcore" for a "bcash" does nobody any good, and only makes potential investors even more reluctant to dive in to bch if the largest community for it is as toxic as the subreddit they mock. But getting away from that, I think the main issue btc has at the moment is that word has gotten out about frequency of tipping. Every day there are thinly-veiled posts effectively begging for free money, most from 0-day accounts. Just from today: https://www.reddit.com/btc/comments/7psy3a/how_do_i_get_btc_or_bch_for_free/, and looking at replies to their posts they've gathered over $10! I don't have the statistics to back this claim up, but I'm pretty sure the majority of accounts <1 day that post here do so to try and get some free bch. I can only see the frequency of these increasing as bitcoin cash adoption rises. Unless someone can show me evidence that most new accounts on btc are genuine, I really think that the mods should consider increasing the ban for new accounts from a few hours to a few days and/or doing like cryptocurrency and introducing a minimum karma restriction for posting. Or possibly deleting all "I'm new and what is bitcoin" posts in favour of a stickied post explaining the most FAQ people have. As for the btc/bch meme posts, do you think we could redirect them to a new bch meme subreddit? That way there'd be a little less tribe mentality and a little more serious discussion, or at least one can hope. But maybe I'm just blowing things way out of proportion and have no authority on the matter lol. Am I just crazy or does anyone else agree with me? TL;DR: Too many toxic anti-bitcoin posts, low-quality twitter posts and an increasing issue with 0-day accounts hinting at or literally begging for money. My solution would be a new meme subreddit and a longer minimum account age for posting or stickied FAQ post. If someone thinks that there are different issues to these, please share.
A valME.io user recently tipped $100, the largest single tip to-date. Here are some other reasons to consider this reddit alternative.
I am the owner and lead developer of a reddit alternative where cats make you Bitcoin. I call it monetary applause. Recently, I posted an open letter to spez. The tl/dr for why you should consider valME.io: Benefits to users/content creators
valME.io values both free expression and free association and won't play the slippery slope game of selective or arbitrary ban discrimination. Communities will never be banned. Content and users will only be removed when against our ToS (i.e., illegal, threatening, violates an individual’s privacy, interferes with website operations).
While mods can have different levels with different permissions, all communities have a single owner who has final decision-making authority and accountability.
Mods can customize the karma types applicable to their communities and can have multiple karma types per post/comment (which allows you to understand things like which user is contributing the most “intelligent” content from the “funniest” content, which communities have the most “agreeable” or “helpful” content, etc.).
Mods can create contests with karma rewards to encourage community building and which are based on custom-definable algorithms (e.g., number of posts, comments, upvotes, etc. within/across communities; minimum participation requirements; multiple award levels).
Mods can ban users or domains for customizable timeframes or can limit the number of posts/comments allowed.
Mods can customize the algorithm used to get to their front pages (e.g., quantity of votes by karma type, quantity of views, user age, quantity of comments, post age, number of flags with which a user is shamed) or they can use reddit’s standard algorithm. (valME’s general front page selection criteria uses its own customized algorithm.)
Piwik Analytics is integrated, making detailed statistics available to mods. Mods can use this information (from users who don’t block tracking) to do things like reward websites that help market content.
There’s plenty more, but those are the basic differences. I am sincerely interested to hear your suggestions and feature requests (especially critical features you think are missing and that would prevent you from trying it). I’m also interested in finding people who would like to join the project (e.g., code, integrate, moderate, create templates, market, improve the UI/UX - especially the logo). I’d like to assemble a team of those who are passionate about the goals and help create new ones. What else would it take for this to be considered a feasible solution for you?
Statistics. The KARMA price is currently $ 0.000001 with a 24-hour trading volume of $ 0.00 across 0 exchanges. The KARMA price is down 0.00% in the last 24 hours. KARMA reached its highest price on November 7, 2018, when it was trading at its all-time high of $ 0.002120. It has a circulating supply of 5.45B KARMA. Description It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies, including KARMA. My name is Pat Walls, and I'm the founder of StarterStory.com and Pigeon, a powerful CRM for Gmail. This is the story about how I built automation around my Reddit marketing strategy, how I auto-share ~120 blog posts/month, reached 35k karma, and reached millions of views on my posts.And why I love building automation so much! KARMA Statistics. Current KARMA (KARMA) price is $0.000740986 USD. It has a current circulating supply of 5,450,530,000 KARMA coins and a Market Cap of $4,038,770 USD. KARMA stock price is up by (27.52%) today.$155 USD worth of KARMA (KARMA) has been traded in the past 24 hours. You can follow KARMA (KARMA)'s progress by adding it to your favourites and creating a free portfolio if you wish. Bitcoin Statistics (self.Herr_Vladimir) submitted just now by Herr_Vladimir There was a time when you could mine Bitcoins using any CPU, as the difficulty was just 1.
Bitcoin Technical Analysis & Bitcoin News Today: Craig Wright lost the Kleiman court case. Also, I'll use technical analysis on the Bitcoin price to make a Bitcoin price prediction. Watch the ... The Rise of Fake Gurus: The Dark Truth Behind Making MILLIONS from Online Courses. - Duration: 21:38. James Jani Recommended for you Bitcoin sits at a crossroads - Do we go up to the 20 week moving average (MA) or down to the 200 week MA? The path to the 200 week MA certainly extends the bear market, while the path to the 20 ... GET OUT OF THE MARKET! YOU'RE BEING PLAYED!! Rich Dad Poor Dad Author Robert Kiyosaki and Bitcoin - Duration: 36:53. Digital Asset News 233,131 views BITCOIN CHART LIVESTREAM - Wird die 7100$ Marke halten?! Youtube Alternativen wie DTube im Talk - Duration: 1:31:36. Finanzielle Freiheit dank Kryptowährungen 1,058 views