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r/BitcoinSee Post

House or Bitcoin?

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NO LA | A Number 1 Memecoin on Arbitrum | 0% Tax | CA Renounced !

r/BitcoinSee Post

Has anyone been scammed on Hinge dating apps?

r/CryptoMarketsSee Post

SBIO, VXV- Small Satellite (CubeSat) Launch Provider, Vector Space Biosciences, Announces New Drug Repurposing Platform Using Data Generated in Space

r/CryptoCurrencySee Post

Shoutout to the people still commenting and posting

r/CryptoCurrencySee Post

Earl and Alchemist’s NFT album isn’t a disruption and have a long way to go before taking on streaming incumbents.

r/CryptoCurrencySee Post

Important Algorand news and updates

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SEC settles first NFT enforcement case, fines LA media company $6M

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SEC Fines LA Company $6 Million Over NFTs Sold as Securities

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SEC Charges LA-Based Media and Entertainment Co. Impact Theory for Unregistered Offering of NFTs

r/BitcoinSee Post

Top Locations for Bitcoiners

r/CryptoMoonShotsSee Post

Can you stake and play with your gaming characters?

r/CryptoMarketsSee Post

Quickswap Team is developing the first decentralized Perps Exchange on Kava.

r/CryptoCurrencySee Post

Michael Patryn of Quadriga. Former RCMP Informant.

r/CryptoCurrencySee Post

Revisiting ATHs is not that important brrrrrr

r/CryptoCurrencySee Post

Finally withdrew all my crypto, and it's mostly because on Elon Musk. I'm glad i did it

r/CryptoMoonShotsSee Post

Geojam - found a project with a fully functional product and iOS & Android app that has some serious talent involved

r/CryptoCurrencySee Post

Who’s going? And why does LA seem to be so much more invested in Crypto than the rest of the world?

r/BitcoinSee Post

Should I move to Dubai if am into crypto

r/CryptoCurrencySee Post

FEDS are afraid of bank runs by the wealthy. FDIC funds are broke, more bank failures to follow, CMRE going to crash, and Yellen want to insure ALL deposits, including greater than >$250k. 2023 will be great for Bitcoin.

r/CryptoMoonShotsSee Post

Maya Protocol: Swapping your native bitcoin for native ethereum & airdrop for bitcoin and ethereum providers

r/CryptoCurrencySee Post

111 Modern Restaurants: An Incomplete List of Eateries That Accept Cypto Around Los Angeles + How To Find Crypto Food Across America (OC)

r/SatoshiStreetBetsSee Post

Most Promising So-Fi Project of 2023? REPUBLIK Raises 3.5Million USD to bring its valuation to 75M? AIRDROP Incoming??????

r/CryptoMoonShotsSee Post

Most Promising So-Fi Project of 2023? REPUBLIK Raises 3.5Million USD to bring its valuation to 75M? AIRDROP Incoming??????

r/CryptoCurrencySee Post

Animoca Brands and Planet Hollywood announce members-only NFT club in LA

r/SatoshiStreetBetsSee Post

The Future of Decentralized Communication

r/CryptoCurrencySee Post

Due Dilligence <> MBD

r/CryptoCurrencySee Post

FED - Future trend 2023

r/CryptoCurrencySee Post

Senators on the FTX's Payroll

r/CryptoMarketsSee Post

real project

r/CryptoCurrencySee Post

Crypto House in LA For Sale for $1.2 Million

r/CryptoCurrencySee Post

What has gotten better in crypto over the years?

r/BitcoinSee Post

https://app.binance.com/es-LA/my/wallet/account/payment/dollargame?_dp=Ym5jOi8vYXBwLmJpbmFuY2UuY29tL21wL2FwcD9hcHBJZD1BNHA1Nll2a1ZCZGZUYndLeUhmWHFLJnJlZj1MSU1JVF9PREdWNENFTw==&ref=LIMIT_ODGV4CEO

r/BitcoinSee Post

gana con 1 busd

r/BitcoinSee Post

Bitcoin seed storage plates giveaway

r/CryptoCurrencySee Post

IRS Issues "John Doe" Summons on SFOX

r/CryptoCurrencySee Post

What if Manchester United bought BTC instead of shitty players?

r/CryptoCurrencySee Post

Seeking feedback and opinions on potential scam / short bidding

r/BitcoinSee Post

Crypto to Cash service (LA & OC Area)

r/CryptoCurrencySee Post

What to do? Is it not worthy?

r/CryptoMoonShotsSee Post

ISEKAIVERSE | Tri- Chained | P2E Games | NFT loot Boxes | Anime show in Production | Real deal guild Partnership | Ripples Asia Partnership

r/CryptoCurrencySee Post

Ethics Watchdog Bars US Government Employees From Writing Crypto Policy if Invested

r/BitcoinSee Post

The concept of the DCA army

r/CryptoMoonShotsSee Post

Isekaiverse | Tri- Chained | P2E Games | Nft Loot Boxes | Anime show in production | Real deal guild AMA And Partnership | Voice Over Competition At Anime Expo 2022 | Coming Soon

r/CryptoCurrencySee Post

Caught this gem in LA yesterday.

r/CryptoMoonShotsSee Post

ISEKAIVERSE | Tri-Chained | P2E Games | NFT Loot Boxes | Anime show in Production | Real Deal Guild Partnership | Voice over competition at Anime Expo 2022 | Coming Soon

r/BitcoinSee Post

Might be unrelated to the sub, but here are a few photos of Coinbase CEO Brian Armstrong's 133 million USD LA mansion. Hope he's doing good after the team downsizing

r/SatoshiStreetBetsSee Post

DFX Finance: Next phase of growth comes from launching fractional fiat-backed stablecoins, dfxStables!

r/CryptoCurrencySee Post

Many seem to think we are heading into a long term recession for stocks and crypto, because of macros. But if you look below the surface of macro-economics , emerging data is showing signs that it could be cut short, and potentially only be a correction.

r/CryptoCurrencySee Post

La DCF Launches KlapCoin: An Accessible Investment Token For Financing Cinema On Tezos

r/BitcoinSee Post

Van Nuys, Los Angeles

r/CryptoCurrencySee Post

Yesterday's Dump Proves the Case for Crypto and was The Perfect Time to "Buy the Dip". Here's Proof.

r/CryptoMoonShotsSee Post

La Floki | An NFT based crypto project | Launching On Pancakeswap In 5 Minutes | Experience Team | 100x Gem |

r/CryptoMoonShotsSee Post

La Floki | An NFT based crypto project | Launching On Pancakeswap In 15 Minutes | Experience Team | 100x Gem |

r/CryptoMoonShotsSee Post

$ATH -ATHProtocol | Live on Pncakeswap at 27th of April 9am Utc | Presale hard cap fulfilled | Staking | Unique Ath Nfts and P2e | InterFi Audit |

r/CryptoMoonShotsSee Post

$ATH | Fair Launch starts on 18th of April 2022 at 16 Utc | Kyc with PinkSale | Auto Staking | InterFi Audit | Strong Community | High fixed Apy | Experienced Team |

r/SatoshiStreetBetsSee Post

NFT LA: Attract the mainstream, focus on Web3 and use cases

r/CryptoCurrencySee Post

Question, when could we see crypto being used to pay for every day items? Thoughts?

r/CryptoCurrencySee Post

Crypto.com is officially sponsoring the broadcast of the 94th Academy Awards, 28th March 2022. Airtime will be used to launch a special campaign created in partnership with the ICRC (Red Cross).

r/CryptoCurrencySee Post

DROPP metaverse lands first sales. Fiasco?

r/BitcoinSee Post

MATH: To have the same wealth as an average gilded age laborer, you would need to earn $380,000 / year (in LA). Wages therefore are down roughly 92% over the last 100 years.

r/CryptoMoonShotsSee Post

$SSD Secures 415 BNB - fairlaunch ends in 1 hour on pinksale

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$SSD - Secretworld.network Fairlaunch Ends in 4 hour - Live on PCS in 6 hours- Certik - Hotibt - Staking - Game - Metaverse

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$SSD - Secretworld.network Fairlaunch about to ends 260 raised - Live on PCS in 6 hours- Certik - Hotibt - Staking - Game - Metaverse

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$SSD - Secretworld.network Fairlaunch about to ends 200_BNB raised - Certik - Hotibt - Staking - Game - Metaverse

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$SSD - Secretworld.network Fairlaunch is Live 200_BNB raised - Certik - Hotibt - Staking - Game - Metaverse

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$SSD - Secretworld.network Fairlaunch Successfully Achieved Softcap in 1 minute - Fairlaunch is still live - Certik - Hotbit - Staking - Game - Liquidity 99 Years

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$SSD - Secretworld.network Fairlaunch at Pinksale - Hotbit Listing - Audit by Certik - BerryData Partners - Stake and get APY 847,944

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$SSD - Secretworld.network Fairlaunch at Pinksale - Hotbit Listing - Audit by Certik - BerryData Partners - Stake and get APY 847,944

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$SSD - Secretworld.network Fairlaunch on Pinksale - Audit by Certik - Listing on Hotbit - BerryData Partners - APY 847,944

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Bastille De la Bouje - Fantom yield farm - Youtube videos - Safu and LP locked (LIVE NOW)

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CoinMerge (LLC) - First Crypto Social Media Platform

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CoinMerge (LLC) - Crypto Social Media Platform

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CoinMerge LLC (Cmerge) - Crypto Social Media Platform

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Bastille De la Bouje - Fantom yield farm - Youtube videos - Safu and LP locked (LIVE NOW)

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Secretworld.network <> Hotbit will launch SSD(SecretWorld) on March 17th, 2022 - Fair launch on 3/12/22 at Pinksale - BerryData - Certik - Solidproof - Pinksale

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Bastille De la Bouje - Fantom yield farm - Youtube videos - Safu and LP locked

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Influencer DeStorm Power to Launch | Celeb DeStorm Powers Access Pass | MetaTars A collection of 666 unique 1/1 hand drawn NFT's by Celeb DeStorm.

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Diamond Owl Club: “Weekly Giveaways” | Merchandise upon Mining | Holders only meet ups | Solanas Biggest Project

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Bastille De la Bouje - Fantom yield farm - Youtube videos - Safu and LP locked

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Diamond Owl Club: “Weekly Giveaways” | Merchandise upon Mining | Holders only meet ups | Solanas Biggest Project

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Bastille De La Bouje - Fantom yield farm with Dividends vault - LP locked!

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Diamond Owl Club: “Weekly Giveaways” | Merchandise upon Mining | Solanas Biggest Project | Holders only meet up

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Bastille La Bouje - Fantom Yield Farm, LP Locked, Safu and Based Dev

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Diamond Owl Club: “Weekly Giveaways” | Merchandise upon Mining | Solanas Biggest Project | Holders only meet up

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Bastille La Bouje - Fantom Yield Farm, LP Locked, Safu and Based Dev

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Diamond Owl Club: “Weekly Giveaways” | Merchandise upon Mining | Solanas Biggest Project | Holders only meet up

r/CryptoCurrencySee Post

Tesla is Accepting Dogecoin at new LA Supercharger

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BITBANK.LA is a scam site

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DeFi Founders Debate Whether to Resist or Embrace Regulation

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Shibabets Casino Club | Community Owned Metaverse Casino | 7,777 3D Shiba Avatars

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Shibabets Casino Club | Community Owned Casino | 7,777 3D Shiba Avatars

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Shibabets Casino Club | Community Owned Metaverse Casino | 7,777 3D Shiba Avatars

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Buying real estate in LA with cryptocurrency

r/BitcoinSee Post

Canadian rapper Drake bet 1.3 million worth of Bitcoin (around 30 BTC) on the Super Bowl

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Inspiration behind how ERC-721 Tokens | Goat Life N.F.Ts | living in Ethereum Blockchain was given birth to in the space !!!

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LA weekly comparing various Metaverse projects...

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LA Weekly discussing several different metaverse projects

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Buy Super Bowl 56 Coin! Hop in now before it’s too late

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$SBC56 - Super Bowl Tickets! | CMC | LP Locked | Complimentary flight | Party in LA with surprise guests/celebrities including Lil Durk

Mentions

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

The opportunity cost of buying a home in CA these days is incredibly high. Will this be your forever home? If not, I would think twice. The money you put into a home at these interest rates will grow much faster invested elsewhere, especially in Bitcoin if its current trajectory stays true. I'm in the LA area, not sure about where you are, but you can rent decent homes for $3k-4k, which would let you leave your stack untouched to grow. Everyone's situation is different, but whenever I run the numbers for myself, buying just makes zero sense at this time.

Mentions:#CA#LA

Broke LA Boi beggin for change says, “we makin da money”. OK

Mentions:#LA

Oh. You should've included that in your question. It's a huge aspect of your desire(s). Ok I can't help as I'm not in LA nor do I know of any non-KYC ways to get BTC. Hope others here can sort you out tho.

Mentions:#LA#BTC

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

I was entering Canada and got flagged to secondary inspection by the CBSA. at the stall next to me was a latino guy from an LA flight being grilled by the agent. the agent was asking him why he had tattoos that the agent knew were gang tattoos, if he wasnt a gang member. Dude was surprised, and tried to say he got the tattoos as part of a youtube stunt. Agent called that bullshit, laughed at him and denied him entry to Canada, he was taken to a back holding room to await a flight back to the US. guy got denied entry to Canada solely because he had gang tats. Ppl not in gangs dont get gang tats is the logic. i think its pretty sound logic.

Mentions:#LA

> Bitmart customer support have notified me that the funds are not recoverable. If the recipient won't recover it, it's lost. Going forward, the network is important. You have to make sure the recipient supports it. Otherwise, it's like shoving cash in an envelope and mailing it to "123 Main St, Los Angeles, CA" rather than "123 Main St, Atlanta GA" because you live in Utah and it'll get to LA faster.

Mentions:#CA#LA

He was sighted just a few days ago at the Bitcoin Con in LA

Mentions:#LA

>What the hell is a Bitcoin city? A city which uses Bitcoin as its primary legal currency. As NYC and LA are United States Dollar cities, so could San Miguel and Santa Ana become Bitcoin Cities.

Mentions:#LA

Said who? It’s still standing, just infected with the ideas of statism. Seattle is a tyrannical corrupt area much like SF, LA, and most other large cities in blue states that imposed coercive edicts on the people. To levels of which haven’t been surpassed in decades

Mentions:#LA

These are shipments of food. A distributor in Guam will want 500 cans of beans and another in Hawaii will want 1000 and another in Argentina and another in new Zealand. So they pool their money and order $100k of beans and drop it at a warehouse outside of LA. Then they have a bunch of other orders for different stuff and it all goes to the warehouse, then a container comes and all the stuff that goes to Guam gets loaded up and shipped. Once the freight is on board (FOB) then the funds are released from escrow and everyone gets paid. So, it's messy, because they may have 10 stores in Guam that ordered 10k worth of stuff, but its not the full order that's being delivered and it's already partially paid, so the percentage of the remainder needs to be released and distributed. It's messy. I keep telling them that a smart contract could do the work, but..... They're just not there yet, so I need to push some examples.

Mentions:#LA

Route 2, Slidell,LA

Mentions:#LA

All true my best friend is salvadorian he said most people who arent latino. See him as Mexican he says things have gotten better now that people know el salvador exist. If im being honest he gives credit to president alone for his tactics of cleaning the country. One of those tactic is BTC so that's good. I also had a long convo with my AT&T tech over the phone he found out I was Hispanic living in LA. I asked how El Salvador was like and he said he loves it that things have changed like crazy That back then he was scared to walk down the street and now he feels safe. He really respected the presendent had nothing but good things to say about him. He said they were gonna change the law so he can run for a second term. From what I heard the president is definitely a badass glad he likes BTC. Maybe we should vote more 40 year olds into office just a thought.

Mentions:#BTC#LA

I know many of you still think Nigeria is a shithole country, but come a long way in the past 10 years. It's already as developed as India and is on track to become the 3rd most populated country by 2100. Their most populated city, Lagos, already looks kind of like 1990s LA.

Mentions:#LA

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/BitcoinSee Comment

Option 1: In LA, we noticed there are Bitcoin ATMs at local convenience stores, and their spot price matched the price on Coinmarketcap. That's Option 1. Option 2: My Gemini account offers an option to make regular purchases on a repeating basis. I don't need that feature, but it's a great idea for someone getting paychecks. This feature is tied back to your linked bank account. Option 3: Roninhood has a similar option, as does Paypal, but both charge more for BTC (they have a spread on top of the spot price of about 4%.) Option 4: Gemini and Coinbase let you buy crypto with your debit card, but they charge an extra 4% and you can't withdraw the crypto for about a week after purchase. This 4% means 4% less profit, but given where BTC is headed, the 4% becomes chump change in a few months. Hope this helps.

Mentions:#LA#BTC

Same story here bro, got scammed for 3k exact same way today. This is a london guy living in LA. TR TRIZZY so stupid of me to believe in this kinda bullshit.

Mentions:#LA

Ya otta see the way things are in LA county. You otta see the things that they do. It's the reason God made OKLAHOMA Oklahoma city, with a population the size of Seattle, or Denver, has an NBA team.

Mentions:#LA
r/BitcoinSee Comment

Exactly. We can do it legaly with no taxes! Its sooo good to be Argentine today, i voted for Milei. VIVA LA LIBERTAD CARAJO!

Mentions:#LA
r/BitcoinSee Comment

I agree. I just heard a lady had issues with sending money and had an on going investigation by the company for weeks. I should check with her see how it ended up in her case. Bc to who knows how to use them it’s easy a few steps and done, it’s an atm it’s convenient. But bc it’s crypto atm most ppl still experiencing issues I guess. So I wander what is done there if at all beside a 1800 number or an email. I tired one of those ATMs in a mall and I gave up in the middle. It wasn’t that easy all the steps of signing up register and do everything properly with the codes and sending and receiving properly I didn’t I’m even got there. Or I went to LA and in Hollywood you go to a 711 and it just don’t work and of course the worker there don’t know shit or help. Then found another one that just allow to buy, not sell.. so idk it’s good but it doesn’t work properly in my option at least the way it is

Mentions:#LA
r/BitcoinSee Comment

i don't understand. The odds of winning a powerball/mega-millions is the same as the odds of getting on an airplane flying at 600mph from LA, California to Iceland. Then dropping a single golf ball somewhere along the path and hitting the correct, exact 1 inch part of the flight.

Mentions:#LA
r/CryptoMarketsSee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/CryptoCurrencySee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/CryptoCurrencySee Comment

Before the mandatory ID match, there use to be a huge market in reselling plane tickets. I remember LA times having several pages of ads fifty years ago.

Mentions:#LA
r/CryptoCurrencySee Comment

Fifty years ago, there use to be a huge market in reselling plane tickets. The LA times usually had several pages of tickets for sale. This whole market died once ID was required to redeem a ticket. The name on the ticket had to match your ID. Wouldn't you have the same problem with reselling tickets done as NFTs?

Mentions:#LA
r/CryptoCurrencySee Comment

The community voted on the pilot city, Miami. The next 2 cities on the list were NYC and then LA. Amir the CEO of Nova Labs noted that if things went well, they hoped to get into 5 cities within the first year. We had doubts about this but that was the intent. Fast forward a bit. After Miami went live, much of the deployers were getting a bit uppity because they’d bought and set up hardware that might never see use, as they were deployed in rural areas or not in one of the top cities. There was also a TON of people asking to sign up. So Nova pivoted and went nationwide. The Nationwide plan is $20 rather than $5 to allow things to get moving. But they still have to focus one city at a time with advertising as well as hex boosting to encourage hardware deployment. The $5 price point doesn’t work if the data is going through T-Mobiles towers. Hence the higher price but the aim is always to get down to the $5 price point. At least we know this will be in major cities (one at a time).

Mentions:#LA#CEO#TON
r/CryptoCurrencySee Comment

Mint's price jumps after the introductory 3 months. If you buy another 3 months, then it's $40 a month. If you go for the full year, it's $360 up front ($30 a month). Or you could go with Helium Mobile $20 a month, the ability to cancel anytime, using the same macro network as Mint with additional coverage as more pops up and you get the ability to earn rewards, just for using your phone. Not to mention that over time major cities are likely to come down in price. Miami is $5 right now with NY then LA being the next cities voted on by the community.

Mentions:#LA
r/CryptoCurrencySee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/BitcoinSee Comment

There is a guy on the LA Times that's been attacking us for years. Dude named Hiltzik.

Mentions:#LA
r/CryptoCurrencySee Comment

It should be a long term hold Best argument for CRO for me is they bought crypto arena for 20 years for the name at the LA complex.

Mentions:#CRO#LA
r/BitcoinSee Comment

I'm with you. I look at inflation in the 80s and what it did to cities like New York and LA, since they were broke and had a hard time issuing bonds. Crime skyrocketed and people gtfo. Also millennials are finally having kids (I found a paper that actually found a causal relationship between inflation and birthrates, believe it or not). Household formation is trending positive. Then you figure that areas that can't build more housing areas are supply constrained. As you point out schools are a big one. Everything points to huge demand for low crime, suburban homes, near (but not too near) a major city. Prices are astronomical, but if they cash flow it's a no brainer right now.

Mentions:#LA

100% chance you get robbed doing this in LA

Mentions:#LA
r/BitcoinSee Comment

Gee…from your answer I presume you are from the US. If you don’t mind educating me a bit, with working 60-70 hours per week in a tech field, I can imagine based on average IT salaries your income would be in triple digits. Minus taxes and your student debt. LA/NY aside, you can buy a pretty decent house in the US for 300-400k which should not be that unattainable? Which parts did I get wrong or didn’t account for?

Mentions:#LA
r/CryptoCurrencySee Comment

LA\_Noire\_Doubt.jpg

Mentions:#LA
r/BitcoinSee Comment

There's a shit load of crypto holders in NYC and LA and very few conservatives. In fact the most crypto in the US is held there. I'm a socdem and have huge bags, as do my friends

Mentions:#LA
r/BitcoinSee Comment

VIVA LA LIBERTAD, CARAJO! That's Milei catchphrase, means 'long live freedom, damn it!' He is the best.

Mentions:#VIVA#LA
r/CryptoCurrencySee Comment

hehe… burniii burniiii :> HUSBANT! WEN LOUIS VUITTON BAG LA?

Mentions:#WEN#BAG#LA
r/CryptoCurrencySee Comment

It’s had all the liquidity pulled now but the dumbest one I ever got into was “happy coin”. It had a tax of 10% on every transaction taken with 5% split across holders and 5% to a charity wallet. In hindsight the only hope behind it was the founder was going to LA and hopefully get influencers to post about it… 2021 was wild…

Mentions:#LA
r/CryptoMarketsSee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/CryptoCurrencySee Comment

I spent 6 months in LA over 2 years. I know it well enough thanks.

Mentions:#LA
r/CryptoCurrencySee Comment

You are now subscribed to SOL facts. Did you know that SOL is the fifth note of the major scale, which goes DO RE MI FA SOL LA TI DO?

Mentions:#SOL#LA
r/CryptoCurrencySee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/BitcoinSee Comment

I suspect insurance, accredited security features and guaranteed hardware wallets will pop up to mitigate problems 1 & 2. We're still very much in the infancy of bitcoin. If you look at the fiat world, bank robberies and gold heists were common up until the 1980s (LA had a bank robbery every 4 hours in the 80s) because gold and paper fiat were largely untraceable and irreversible. So this isn't a new problem, or one that's unique to bitcoin. &#x200B; We know several custodial businesses have insurance to cover losses or hacks, on condition they follow certain security procedures. I think in the future there will be accredited and insured custodial and hardware wallets. Those that are concerned about security will be able to get it (but will have to pay for the privilege of security). Those that don't feel they need it can just bareback it with a normal software wallet.

Mentions:#LA
r/BitcoinSee Comment

LA………………….lower Alabama

Mentions:#LA
r/CryptoMarketsSee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/CryptoCurrencySee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/BitcoinSee Comment

Hey wait, that's my girlfriend. She's from Singapore and has a fashion and textile business in LA. I'm making so much money using the crypto trading strategy that her uncle taught her!

Mentions:#LA
r/CryptoCurrencySee Comment

Honestly, I don't think these endorsements do much for price action at all. I thought the F1 sponsorship would be big time for CRO considering the targeted demo. UFC also didn't really budge price neither did the arena in LA. It could have been bad timing, but I'm still dubious

Mentions:#CRO#UFC#LA
r/CryptoCurrencySee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/CryptoCurrencySee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/CryptoCurrencySee Comment

Well, i guess we all wish they stopped there https://www.reddit.com/r/CryptoCurrency/s/S0LA5ANYD4

Mentions:#LA
r/CryptoCurrencySee Comment

This just in: LA highways work well during pandemics

Mentions:#LA
r/CryptoCurrencySee Comment

Comparing XRP to ETH is like comparing FC Barcelona to LA Lakers. Why the hell would you do it

Mentions:#XRP#ETH#LA
r/CryptoCurrencySee Comment

Just a heads up for my astrological traders. Today in LA there was a slight solar eclipse and my gf has dragged me to a gay club in West Hollywood. First time. Im having a great time bar hopping here Bullish on Sunday!! Two dicks (negatives) make a positive 📈

Mentions:#LA
r/CryptoCurrencySee Comment

Yep crypto.com arena home of the LA lakers

Mentions:#LA
r/BitcoinSee Comment

If your house is in south central LA it still doesn't take 30 years for the value to appreciate, you are confused and arguing both sides of an argument. If you want to take a loan and buy bitcoin that's your choice but if you ask anybody that knows finance that would urge you to not do that. There is a reason and method for getting rich and staying wealthy but what do I know.

Mentions:#LA
r/BitcoinSee Comment

Friendly reminder 5 billion is 10k a year for every single homeless person in America to have a decent studio apartment. 500k homeless x 10000 = 5 billion. We had accounting errors in Ukraine large enough to get every homeless person homed. I know it's more complex to actually rehabilate people, but in a country with fewer and fewer haves something has to give. It's fucking nuts there are tent cities on streets in LA that were totally empty 10 years ago. Something is breaking and there is no support at the bottom but plenty of money. The spending during the pandemic and it's inflation is essentially robbing the poor to make the rich richer. There's is no excuse for spending so much that the stock market broke all time highs during a fucking global pandemic. They propped up the rich on the backs of the poor through inflation. They do not give a fuck about citizens. They care about corporations.

Mentions:#LA
r/CryptoCurrencySee Comment

Depends on the result! But a roadtrip in the US would be great. Florida for example. Disney, watch a rocket launch on the cape, Kennedy Space Center, Miami, the Keys, everglades.. Or the east, SF, Alcatraz, Sequoia Park, the Rockies, LA and see some theme parks, and maybe Vegas. I’ve got plenty of dreams..

Mentions:#LA
r/CryptoCurrencySee Comment

#Crypto.com(CRO) Pro-Arguments Below is a Crypto.com(CRO) pro-argument written by IAmGiff. > CRO or Crypto.com coin is the native currency of the Crypto.com app, exchange and blockchain. At time of writing, it’s [\#17 by market cap](https://coinmarketcap.com/). > > To begin, the coin is inextricably linked to the fate of the parent company (which is officially named Foris DAX MT (Malta) Limited and was founded in 2016). The coin’s primary purpose is to support the company’s various initiatives, and the success of those initiatives is what would drive adoption of the coin. For the purposes of pros and cons, I don’t think it’s necessary to make sharp distinctions between the coin and the company. > > **Pros** > > I’ll start with three priority areas outlined in their whitepaper: payments, trading and financial services. In [their own words](https://crypto.com/images/crypto_com_whitepaper.pdf): *“Our strategy is to leverage* ***payment solutions as the primary tool for driving adoption and user acquisition****, while building* ***trading and financial services solutions as the major sources of revenue****.”* > > **Real-world payments** > > The company has two major crypto-related payment initiatives. One is a Venmo-like **Crypto.Com Pay** feature. For merchants, the payment system offers lower transaction costs than typical interchange fees and instant settlement. For consumers, there’s a strong “cashback” program. (Despite the potential, it’s unclear how much uptake there is at this point.) > > The **Visa pre-paid debit cards** are becoming fairly ubiquitous. In the U.S., these are issued by Metropolitan Commercial Bank (a New York State chartered bank & member FDIC). They offer some of the best rewards of any card on the market. There’s a tier system, progressively requiring higher investments in CRO to get to higher tiers, that people seem to find motivating. Many people love the design. There’s lots of information about how they work so I won’t repeat it here. Key point is they're indeed popular. > > The most important point (that’s often oddly missed in this discussion) is the cards give you a fast and efficient crypto offramp. Some cryptos can be loaded directly onto the card. Others you have to take the 3-second step of converting to USD or a stablecoin and then loading the card. Either way, you can start with crypto and buy almost anything IRL in a few seconds. > > **Trading** > > In many countries, crypto.com is a full-service **exchange**. In the US (where I’m based) it’s only an app for now although there are plans to open a full exchange eventually. The exchange is ranked #9 by [Coinmarketcap](https://coinmarketcap.com/rankings/exchanges/) although it’s ranked as high as #4 by [Coingecko’s methodology](https://www.coingecko.com/en/exchanges). Recently their spot market volumes are about 20-25% those of Binance but about 80-90% those of Coinbase. (They are a smaller player for now in derivatives, although that could change if they were able to tap the US market.) They support slightly more cryptos than Coinbase, although nowhere near as many as Binance. The fees are apparently cheaper if paid in CRO, which is a driver of utilization. I can't try it out yet myself. > > The **app** is a limited experience but easy to use. If you set-up an ACH push to fund your account there’s no fee to load money onto the app, and card fees are also waived for your first month. Long enough to get many new users hooked. (Although it appears there’s no fees to buying the crypto, there’s in fact an opaque and variable spread fee; more on this in my cons post). If you’re just trying to buy and hodl crypto on an exchange, spread won’t kill you. If you want a gentle introduction to buying your first $100 of Bitcoin, this will work well enough. At the moment I just checked, you’d get $99.6 of Bitcoin for your $100, so that's 0.4% in spread. > > **Financial Services** > > Their **Crypto Earn** and **DeFi wallet** programs are attractive for new crypto users, and allow users to progressively pursue more complicated investing strategies. Crypto Earn is the custodial option on the app, which offers a simple way to earn fairly high interest rates on many coins. > > Their DeFi wallet is a more advanced non-custodial option, with the ability to contribute to CRO validator’s staking, or to participate in liquidity pools. (There’s also a lending program but I’m not familiar with it.) > > ***In sum***, the crypto.com financial ecosystem is not 100% there yet (especially with no US exchange), but it’s the closest thing I’ve seen to a full-service crypto-based financial services provider, and you can imagine a not-too-distant future where, for some people, the company’s offerings would be complete enough that you could ditch your bank entirely without jumping through enormous hoops. In this world, of course, there’s lots of reasons people will be buying CRO. > > **Marketing** > > Many people are very hyped that Crypto.com does a lot of marketing which should benefit CRO and perhaps cryptocurrency in general. You may have heard there's a Matt Damon commercial and a basketball arena in LA. I'm aware Cointest rules say not to focus on marketing, so I'll just make a quick observation. I’ve seen some people say, “oh this is just hype etc.” but if you look at the traditional asset management space, Charles Schwab has a market capitalization of like $170 billion and the primary differentiator between it and other asset managers is really just that Charles Schwab carpetbombs the airwaves with marketing. Marketing does matter in consumer financial services. > > Cointest rules say not to base arguments on price either (Charles Schwab's market cap is NOT a price prediction btw, sorry y'all!) but it’s also relevant to briefly note here that CRO’s marketcap is about 1/6th of BNB’s, so many people believe there’s still upside to this set of observations. > > **Regulation & Security** > > Crypto.com advertises that it works hard to comply with regulation. As a publicly-traded company, so does Coinbase, of course, but the regulatory-compliant approach is quite a contrast to Binance, for example. [Crypto.com](https://Crypto.com) claims to be the first crypto company to have various levels of ISO compliance, [https://crypto.com/images/crypto\_com\_whitepaper.pdf](https://crypto.com/images/crypto_com_whitepaper.pdf), etc. Philosophical arguments about regulation aside, the relevance to CRO is I think it’s fair to say these efforts at compliance probably reduce (but don’t eliminate) the risk of countries swooping in and hammering the exchange or the coin. > > **CRO technical details & tokenomics** > > There were originally 100 billion CRO, but [70 billion were burned](https://blog.crypto.com/70-billion-cro-to-be-burned/). Most people expect the 30 billion supply to continue in the future. There’s currently about 25 billion circulating with the remainder primarily being distributed overtime as validator rewards. These rewards encourage decentralization of the network by giving people an incentive to act as validators. Some people see that as a philosophical plus, but this is still a coin that's very dependent on the company. > > Although the supply is fixed at 30 billion, it’s worth noting that even in the absence of future burns, the supply on the market could fluctuate considerably if the company built up or ran down its holdings. > > Another factor that some consider favorable is that the Visa cards require people to make progressively larger 6-month stakes for higher tier cards (and keep the stakes to retain the card benefits). Therefore, if the number of cardholders increases, an increasing amount of CRO is tied up and unavailable to be dumped. > > CRO successfully migrated from ERC20 to the Crypto.org Chain Mainnet earlier this year. The company has also very recently launched the [Cronos Chain](https://cronos.crypto.org/docs/chain-details/introduction.html) which is compatible with the Ethereum Virtual Machine and is thus an option for developers to connect Crypto.com users to Ethereum projects and apps and so on. This is interesting to follow, though I think the main reason to invest in CRO for now is if you believe in the company’s vision for executing its financial services offerings. > > **Betting on the sector** > > Finally, there’s a philosophy behind betting on CRO that’s worth mentioning. With apologies to everyone with WAGMI tattoos, there’s over 16,000 cryptos tracked by CoinMarketCap. It’s very difficult to imagine that the majority of these will thrive in the long-term. Some will fade away, new (and often better) ones might arise, etc. > > When you bet on an exchange coin you’re partially placing a bet that demand for buying and trading crypto will continue (at that exchange), but you can be otherwise agnostic on which individual technologies and coins are the best. What’s the best chain for dApps? I have no clue. But I think we’re likely to have dApps in the future and people will want to trade the related currencies and use their crypto. So a nice way to bet on this agnostic view is to invest in exchanges, rather than trying to guess which projects are best. > > **Disclosures:** I’m an Indigo card holder, but don’t hold CRO other than for the stake. I’m personally bullish on cro but I have a lot of cons about it too. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_crypto.com.28cro.29) to find submissions for other topics.

r/CryptoCurrencySee Comment

You could write these explanations in your post. In the rest of the world "perp" is an abbreviation for something completely different, so you shouldn't use it without spelling it out Also, TDS is a meaningless 3LA

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r/CryptoCurrencySee Comment

The average home in LA costs just under $1 million. Affording that with a $200k income, on top of state income tax, student loans, and child expenses, is difficult. Also most lawyers don’t just graduate law school and make $200k. IDK this judge but if she was a career prosecutor or public defender that would mean a decade or two of low pay and very high stress.

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