COINS

Altruistic_Duck3485

"I dont want SEX. I just want your COINS. Click here"

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

Dasshteek

This is the most schyzo community ive ever seen. A few months ago, when exchanges and DFINs were falling line flies, all the posts were “IF YOUR COINS ARENT IN YOUR COLD STORAGE, THEY ARENT YOUR COINS” And now its this shit.

CorruptedCube

Not fully agree, but I do agree that people need to realise that they should own their coins. STORE YOUR COINS ON A WALLET.

frankbalzan

You fogot the most powerful and unexpected - MEME COINS! 🐸

kirtash93

I can't say it louder. NOT YOUR KEYS, NOT YOUR COINS.

WayRepresentative647

FCKN BEA-Utiful! I just wanna walk the streets declaring aloud "FCK ALL GOVERNMENTS AND THEIR MONASTERY SYSTEMS! TRANSFER TO BTC & OTHER DECENTRALIZED COINS THEN BOYCOTT ALL COMPANIES THAT WON'T ACCEPT OUR DECIDED MONETARY SYSTEMS!!!" I don't because I am easily excited and would probably attempt to revolt against my government solely as a one man army depending on whether anyone else once understood my intention came along hahahahaha 😅

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

kirtash93

I can't scream it louder. # NOT YOUR KEYS, NOT YOUR COINS

LordIcarusFalls

Mom look, it's MY COINS on the news!

Regret-Select

Yeah but FTX 2.0 gives collapse warnings All deposits get 400% APY ON ALL COINS during all new collapses

timeforchorin

Haha right!? I read this headline and was thinking "thanks?" I didn't know I needed anyone's permission to hold MY COINS

iorderchaos

Peuw peuw peuw.....*,shouts in mic* "SIR TAKE DOWN UR POST, OR WE HAVE TO PUMP MORE COINS"

kirtash93

I can't say it louder. # NOT YOUR KEYS, NOT YOUR COINS

kirtash93

I can only scream... # NOT YOUR KEYS, NOT YOUR COINS

Dull-Wear-3286

ASSEMBLE SHILLERS, SHILL YOUR COINS GUYS. Good luck.

BabySpinach71

My set and forget is GET THE COINS OFF EXCHANGES. Only way to really sleep easy : no more chart watching in the middle of the night or slowly eroding my coin balance with dumb trades. Bonus points for avoiding fraudy exchanges going bankrupt with my money.

Benz747

Another disclaimer: DO NOT CONVERT YOUR MOONS FOR REDDIT COINS. IT'S A TRAP!!

Brainhol

OFC they want their cut! - They will fud that hodling your own keys 'isnt safe' and that they can do it better than you. LIES! SELF CUSTODY YOUR OWN COINS!!!

Arcosim

>Directly, from 12th of September we wont be able to exchange Moons for COINS, not that anyone was doing that Did someone ever exchange Moons for Coins?

meeleen223

Right, they are expanding their idea of users earning on platform but we dont know yet will it be in any way connected to block chain, probably not This is affecting Moons in 2 way 1. Directly, from 12th of September we wont be able to exchange Moons for COINS, not that anyone was doing that 2. Indirectly, getting users to settle into idea of earning on reddit, What is interesting they made this announcement just after Ripple case news hit

Maxx3141

They are phasing out COINS - thats an important difference because "points" is what RCPs are often called. There are no mentions of RCPs in this current movement, so it looks like they won't be affected. From the leaks we have seen this looks more similar to a partner program than anything crypto related. Remember they are going public soon, so they need to do anything to make their platform more attractive to users.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CaptnPilot

I never said don't buy BTC. I said I don't buy it. I HELD OTHER COINS. Jesus Christ do people not know how to read? You're up 9000% and you're still here grinding for moons? Lmao ok dude

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

aliyas192000

I’m not sure many understand this ( BlackRock, Fidelity, Arc. Invesco, etc..). All have to buy physical Bitcoin to back up their ETF this will need to be done soon to have their fund qualify Can you all not see the urgency or am I completely demented… The Bitcoin ETF is amazing for liquidity, but a Bitcoin ETF isn’t the same as owning coins. As the saying goes, “NOT TOUR KEYS = NOT TOUR COINS”

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

kirtash93

Also, it has never been their users money/coins. As we say and I am not going to get bored of screaming it: # NOT YOUR KEYS, NOT YOUR COINS

Japstylez

Have you ever wondered about the scenario where you convince him and then it skyrocket to incridible price in the next bullrun? Is that something you would want to deal with? Just thinking of it gave me the chill. My father bought some shiba a while ago and he was well aware of what i think about shitcoins. One day i was having diner with my parents and my father asked me what he should do with his shiba. Keep them or sell them. He wasn't even selling at a lost but just a small profit. I stayed quiet for a minutes or so. Then I looked at him and said : you know what i think about shitcoin dad ... but i cannot see the future .. If one day, my father would have became rich as fuck but he was not because at a random diner he asked me about it and i said " SHIT COINS ARE TRASH SELL THAT SHIT" I would regret it for the rest of my life so that decision has to come from you. So yeah , maybe icp is good, maybe it's not ... There is sooooo many token that went high and now are low. Just look at litecoin .. and it has been around for a long time and it's not going anywhere. In my opinion it would def. be a more valid option then icp. Next bullrun it will go up just like it did for the past 5 bullrun. And that's just 1 exemple. It def. sounds like your buddy is not investing for the good reasons and he might get bitten. But is that your job to tell him what he should or should not do ? You can def. give your opinion about it that's for sure. Anyways that's just my 2 cents, you do you! Have a good day :)

M1K3_B13N

Articles like "TOP 3 COINS OF 202* - BTC, ETH, and Shitcoins", any of them from what could seem like legit sources, then not realizing it was a paid-for story about said Shitcoin realizing this didn't take long, but yes, I'm proud to say I fell for one or 2 when I first entered altcoin world worst advice ever from articles like that

kirtash93

I will never get tired of screaming it: # NOT YOUR KEYS, NOT YOUR COINS

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

deathbyfish13

>But this week, I read that he declared my entire portfolio a security. *ALL* MY COINS? Not all, he hasn't touched our precious moons yet

Fit_Letterhead_4434

Look all of the middlemen and counterparty risk needs to be removed from the cryptosphere. No more surrendering your coins and keys to a third party chasing paltry yield. "NOT YOUR KEYS NOT YOUR COINS. We need to get rid of this centralized shit and get back to why crypto was invented, Censorship Resistance and Counterparty Risk from lending platforms and centralized exchanges. That's why Pulsechain, Pulsex and Hex were invented as the only truly decentralized Ecosystem in crypto and you can become a part of it at depressed prices. Transaction fees are as low .03 cents, that's right .03 cents instead of 100.00 on Etherium. Take control of your own future, don't trade and DCA now which is the best time while FUD is at a peak. As Warren Buffet says "be fearful when others are greedy and greedy when others are fearful" and that is now.

dcdplex

Yes GET YOU COINS OUT and SELF CUSTODY.

Intel81994

crypto as an asset class destroys families, lives, drives people to suicide, savings and remittances hacked, crypto millionaires lounge around producing nothing for society. It's a flawed technology, national security concern, and should be banned. I used to work in crypto, crypto native since 2014, got it all hacked and ruined my life. FUCK CRYPTO AND FUCK CRYPTO MOUTHBREATHING BROS I sold out of everything in Nov 2021, worked for a BIG NAME crypto firm and they were all fucking wrong and are now big fucking zeros. Industry evaporated now and out of work. Shitshow. Anyone mentions crypto I will punch them in the fucking mouth. FUCK YOUR DRITY FUCKING TRASH FUCKING COINS BITCH

CalvinsStuffedTiger

same advice that was true when, ethereum, litecoin, feathercoin, bytecoin etc launched. STOP INVESTING IN ALT COINS

Isekai_Dreamer

what a delusional fucking pathetic person you are. If it were true, why is the SEC only choosing to ENFORCE on CERTAIN COINS and NOT ALL?! wake the fuck up. They can't even figure out the DIFFERENCE between the coins they're choosing to enforce regulations upon and the ones they aren't.

rastafarihippy

COINBASE IS TRASH.. THEY STOLE ALOY OF MY COINS. ONE DAY THEYRE WAS THOUSANDS OF MY ALGO MISSING. MEVER GOT IT BACK and Canceled them

pazsworld

Coinbase will receive a little slap slap on the wrist (compared to their company value *not yours)* Then they will have to get into compliance and then.... ALL SHIT COINS will be toast!

TheFutureofMoney

First things first.......TAKE YOUR COINS OFF THE EXCHANGE Unless you want to lose them. Exchanges are not banks. A good Bitcoiner hodls their own coins. Smarten up. Start there.

cashpig000

I scanned that and I got a pop saying: **YOUR COINS ARE NOW SAFU**

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

conceiv3d-in-lib3rty

Best gain: DOGECOIN Worst gain: LOOPRING Regret buying: SOLANA Regret not buying: LINK Didn't know: IDK, BUT THERE ARE STILL MANY COINS I WISH I DIDNT KNOW OF.

kirtash93

Repetitive but a must. # NOT YOUR KEYS, NOT YOUR COINS

Chemical-Theory-9938

🤣🤣🤣🤣 only for fools….. NOT YOUR KEYS NOT YOUR COINS ! 💀

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

General_Kai28

Well that's the golden sentence: NOT YOUR KEYS NOT YOUR COINS

mynamedurk

>The say that you are doubling your value. Nope. No one ever said that. You are double your COINS, not the fiat value. No one knows what it will be. Very low probably. >There is no real purpose of Pulsechain. Wrong again. Have you seen eth gas fees? They are extremely high, and we’re not even properly into the bull market yet. Pulse is taking load off of ethereum and allowing people to transact and 100x less cost.

the_nin_collector

I have been in this scene for nearly 6 years. I never really understood why Ledger seemed so much more popular than Trezor. Trezor is open source and ONLY holds around 1200 coins. Everyone says "BUT LEDGER HOLDS MORE COINS" Oh... so you all are walking around with 5000 alts. Who the fuck needs that?

LimpPeanut5633

For eth lrc is the way! SELF CUSTODIAN. You're your social recovery.. l2 is practically free! I've never looked back! Staking amd duel investing is awesome! ALSO I GET SHIT COINS FREE IN RED PACKETS!

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

kirtash93

I will never get bored of repeating it if it means that one of the readers will be safe. ## NOT YOUR KEYS, NOT YOUR COINS

kirtash93

For all the people buying or thinking or holding crypto in Paypal. # NOT YOUR KEYS, NOT YOUR COINS

SkuniMasterMind

shitcoin makers having hard time with balacning between **420 TRILION COINS** and **"small supply guys, its more scarce than bitcoin!"**

CypherMcAfee

I have bad news for them... NOT YOUR KEYS NOT YOUR COINS

FacchiniBR

If you take a look at my post story, I made a post with my last year 940k profit on farialimabets some months ago, a brazilian WSB spinoff, you can google translate the comments because there I explain my trading strategy step by step. I trade crypto since before covid started, traded stocks for 4 years before moving to crypto due it being a 24/7 market. Key Points: Stop following youtubers advices. Seriously, they will show gains, they will explain 'setups', you will never be profitable in the long run doing exactly what they tell you to do and they will announce a 'course' to lure their followers, and people will pay for it thinking they're dumb because nothing works for them and they lost a lot of money. Don't leverage if you don't know what you're doing. You can trade on spot and futures, go to futures but use 1x leverage (same as spot trading, no liquidation risks) because the futures cockpit in any exchange is way better, you can watch your profits and losses in real time. When you're trying a new strategy, forgot about paper trading. Our mind is our biggest enemy, when we are using real money we take the dumbest decisions, you will 'win' a lot on paper trading, but when doing real trade you will not understand why everything you did isn't working. If you made your analysis, don't GTFO the position early because you're at -2%, -5%. Set your target and your stop loss and stop looking at the trade. I see a LOT of newbies burning money because they have fear of losing more, and as soon they close at a loss the price goes they way they wanted. Use the god damn fucking stop loss. Don't let the 'trade run and close when you think it should be closed'. Crypto is volatile as hell, easily manipulated and the price can run in seconds way over your risk management without you even noticing. Stick to one strategy, don't take two losses and abandon it and moves to the next. If you're a totally newbie, listen to me. DON'T TRADE LOW CAP COINS. Forget about PEPE, Floki, APT and other shit. Stick to BTC only. BTC moves slower, but it respects TA more than anything because the entire world is looking at it, you can't learn to drive flooring a Tesla. Fibonacci alone is bullshit. It's just a confluence and not a position trigger. If you see some influencer making videos trading only with fibonacci, surely he lives from Youtube Adsense money and not from trading. I can write a book here telling you what to do and what not to do, but unfortunately I'm boarding a plane in half an hour. I will try to compile a big resume of everything and create a tread later. Good Luck!

CointestMod

#Proof-of-Stake Con-Arguments Below is a Proof-of-Stake con-argument written by Blendzi0r. > [With proof-of-stake (POS), cryptocurrency owners validate block transactions based on the number of coins a validator stakes.](https://www.investopedia.com/terms/p/proof-stake-pos.asp) And one of the biggest problems with PoS cryptocurrencies is how validators got their coins: > > **DISTRIBUTION PROBLEM** > > In the case of (legit) proof of work coins, everyone can mine coins and there are no coins in existence before the mining process starts. > > Proof of Stake cryptocurrencies, on the other hand, usually have pools of free coins for founders and other associates and early investors get their coins on very advantageous terms. They then can stake them and earn even more coins for doing virtually nothing. Proof of stake benefits early investors and rich holders more than Proof of Work. > > **51% ATTACKS** > > [What is a 51% attack](https://www.investopedia.com/terms/1/51-attack.asp)? It's an attack on a blockchain by a group of people who hold more than 50% of coins (so, of course, it doesn't have to be exactly 51%). The attackers are then able to repeat the same transaction twice or more ([double-spending](https://www.investopedia.com/terms/d/doublespending.asp)) which has disastrous consequences for the network and makes users/investors lose all their trust. > > Why am I mentioning this when 51% attacks are also possible on PoW cryptocurrencies? Because performing such an attack against Proof of Stake cryptocurrencies means it's game over for the project - you cannot . Whereas in the case of Proof of Work there's always a chance for other miners to increase their hash power and defend the network. > > **RISK OF LOSING YOUR COINS** > > In order to prevent 51% attacks and other malicious acts, PoS cryptocurrencies have different defense mechanisms. For example, Ethereum requires you to lock 32 ETH (around $64k at the time of writing) to set up a validator node. If any node performs a harmful act, the penalty is losing all 32 ETH. But here's the problem: you might lose all your ETH even when your node is badly configured or disconnects from the network for some reason. Meaning - you might lose your coins even if you dindu nuffin. > > **HARD FORKS** > > [Hard forks](https://www.investopedia.com/terms/h/hard-fork.asp) are easier to perform on Proof of Stake cryptocurrencies because when the blockhain is split into two, it costs you nothing to keep both coins. In Proof of Work, however, if you want to keep mining both coins, you need to divide or increase your hash power. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Proof_of_Stake) to find submissions for other topics.

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

matsuin

https://i.imgur.com/ezUKUWn.jpg 100% SCAM This single wallet holds 420.58 TRILLION COINS

SpaceFaceMistake

Honestly I do both. So I have a very diversified portfolio. Also on multiple CHAINS and this wallets to also SECURE funds if ONE wallet or app is hacked or leaked or phished etc I won’t loose ALL my crypto. I know NEW ALT COINS are risky I think MANY ARE more pump dump.. but that’s BECAUSE OF THE PEOPLE Not the COIN… the people want fast money and people who are are loose it for those to gain it who are in large groups or and of large $$$ crypto traders who can MAKE markets MOVE because they can drop $100-$1m+ on one market and it will grow 70% or whatever especially VERY NEW coins like those on Coinbase are OK BUT NOT THE trial coins DONT INVEST in them. The ugh experimental assets.. THEN THERE IS poo coin or even uniswap that have really poor coins or tokens for trade that make people rich if they short or long at leverage at right time.. like any market. Also do you want to TRADE frequently? Or want to HOLD longer term?? As this determine how many stocks you should have … if trading less I’d holding more. Atleast most cases it’s like that. Hope this helped just one person 😚🤟

cryptdoh6

I understand lottery winners being lucky, but all these stories about people pouring THOUSANDS OF DOLLARS into meme coins, ESPECIALLY as a JOKE???? Who in their right mind does that? People putting LITERALLY HUNDREDS OF THOUSANDS OF DOLLARS into DOGE and SHIB???? Someone SELLING THEIR HOUSE to put all the money into DOGE???? You people are actually telling me that people (who are actually lucky enough to have such such good financial security in the first place) are actually pouring THEIR ENTIRE LIVELIHOODS into not just the already volatile crypto, but MEME COINS LITERALLY CREATED AS A JOKE????? And they’re not even at least discovering some kind of secrets or research to justify such risky GAMBLING (that’s much more gambling than investing!)??? That’s why I thought there were secret methods to discovering what must be “sure bets” or at least EXCELLENT prospects….. I understand it being luck when people put in a few dollars and it makes them 6-7 figures, but actually having thousands of dollars, or even 6-7 figures, and choosing to dump it all into such meme coins “as a joke”??? Who’s that stupid with their money???? That’s why I thought there must be some hidden process or methods. Is this just the classic case of ridiculous news of rare circumstances going ABSOLUTELY VIRAL online???

kirtash93

I will never get tired of repeating. #NOT YOUR KEYS, NOT YOUR COINS

masedogg98

MALARKEY! NEXT I SUPPOSE YOU WILL TELL ME NOT MY KEYS NOT MY COINS! xD

CreepToeCurrentSea

That's why they always said.. NOT YOUR KEYS, NOT YOUR COINS.

bwoksa

Came for BTC , stayed for ALTS , Blown by MEME coins while heavily invested into SHIT COINS! A very typical crypto trader of this sub !!

crypto_zoologistler

2 words to 3 million x your life savings bruh — SHIT COINS

labvilla

I don’t even know, and I am the King of Shit COINS……./

kirtash93

I know it's repetitive but I think it helps more than it hurts. # NOT YOUR KEYS, NOT YOUR COINS

Alisko2000

It’s funny to see how many people here are shilling ADA, MATIC and XRP. THESE COINS ARE SHIT!!! MATIC is the only one that is a decent buy out of these 3, and i’m even starting to lose confidence in that bc of the amount of bots shilling it. XRP has low potential, and is overvalued as fuck. And ADA is FACTUALLY overvalued compared to other l0’s, l1’s and l2’s.

gr8ful4

You seem to be new to trading in crypto. Rule no.1 is N**OT YOUR KEYS NOT YOUR COINS**. You always traded with paper money/IOUs. It's a hard lesson, I guess.

Safe_Boot677

Stay far away this time! I hope people are learning not to trust exchanges. NOT YOUR KEYS, NOT YOUR COINS. HODL!

crypto10169

All those you mention going down went down due to mismanagement and greed not because of Bitcoins fault, bitcoin is freedom simple as that, and let this be a hard reminder of NOT YOUR KEYS NOT YOUR COINS, NEVER leave your coins on exchanges..

ScucciMane

I get a lot of cryptos have different use cases and we don’t want a monopoly out here but #WE DONT NEED 20k+ DIFFERENT COINS

3utt5lut

CoinGecko is easy, filter ALL COINS to L2s

elksteaksdmt

NOT YOUR KEYS NOT YOUR COINS!!! **This has been an automated service announcement**

fmorenol

We have someone here that will shout "NOT YOUR KEES NOT YOUR COINS" to everyone here in no time, it's hard but true, if you keep your coins on an exchange it's no difference from traditional banking, just less protected. Hope you find a solution