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HOW TO INVEST IN ETORO COMPANY AND HOW TO RECOVER YOUR LOST STOLEN WALLET FROM SCAMMERS
LOST FORTUNE: Stefan Thomas, former Ripple CTO story of a locked away treasure
Did you know that Wargaming wanted to implement Nfts and actually did it in a way?
Help recover lost funds invested in any / all crypto platform.Come and get assisted!!SEND A DIRECT MESSAGE NOW FOR HELP THERE IS A SOLUTION FOR YOU TO WITHDRAW YOUR LOST FUNDS!!!! https://instagram.com/cyber_hacker_2244?igshid=MmIzYWVlNDQ5Yg==
“You should read up on how Japan deals with regulation. When FTX crashed, NO ONE IN FTX JAPAN LOST MONEY.” Mark Cuban.
Don’t Fall for These Common Online Crypto Scams
I paid on g2a with bitcoin on 1. sat/byte the order is still pending
KALA LAND - It's time to stand up and fight to leave KALA LAND - Strong Community & Marketing
The Lost Glitches (p2e TCG, pre-alpha stage) analysis
Don’t afraid to ask questions, be humble and always trust your inner “don’t do it bro” voice.
A question for those who LOST life changing money.
LOST 8 BTC got my Lesson : Here is my story and advice for those who are interesting
You haven’t lost a single coin or a single red cent
Friendly Reminder For Those Who Are Chasing The Bottom
What to do in this dwindling bearish market.
LOGAN PAUL LOST $3,500,000 IN NFT SCAM (Really?)
An Old Timer's Tale: Segwit2x, The Block Wars: When Bitcoin Castrated the Most Powerful Players in the Ecosystem
LEAKED DOCUMENT SHOWS BlockFi LOST MORE THAN US$285,000,000 IN PAST TWO YEARS OF BULL MARKET - [Get your Bitcoins out asap!]
Giveaways 50 wallet will see something !!! First share Odin to others to join and Add odin to your bio and your name like mine comments done wilnners will be announced.
Giveaways 50 wallet will see something !!! First share Odin to others to join and Add odin to your bio and your name like mine comments done wilnners will be announced
Lost Bitcoin recovered to cryptocurrency through the help of GHOST CHAMPION WIZARD
Has anyone here actually LOST more money than they’ve made?
Mentions
it can't be LOST, it can be sent to a different address. What is your hash? Give some details.
Paper gains happen, all these "news sites":....... Paper losses happen that is still gains but just a bit less gains: THEY LOST IT ALLLL!!!
I want it to go down to $30k again so I can hesitate no longer and dump my billions in. I’m going to be the first quintillionaire. My question is, is it even possible for it to dip to a sub $10k price ever again due to all of the btc that’s been LOST? I assume if there’s enough sitting in irretrievable storage, that alone adds a certain base level value that can’t decrease due to the forever lost supply that makes the remainder more valuable?
That idiotic because it means you were better off buying bitcoin. You LOST fiat value and Bitcoin value.
> I guess you see that in [r/wsb](https://www.reddit.com/r/wsb/) In WSB you have the opposite. Bragging about how much money *you LOST* :D
Xrp HAS already passed the howey test. That is in the RULING from judge Torres. “Xrp tokens are not, in and of themselves, investment contracts” Some SALES were deemed in violation. And that’s the remedies the SEC is seeking. But then took place in countries where xrp has legal clarity and is not considered a security. Also, in 2022(or early 23’) there was a case that states that “in order to have disgorgement, there must be pecuniary harm” Meaning people must have LOST MONEY. All of the institutions who bought are in massive profit. There can’t be any harm if they profited from the transaction. No EVIDENCE has been put forth by the ethereum alliance. There has been no discovery of financial sales records. They disguised the whales who purchased the ico. You LITERALLY know nothing about it, because they hide so much info. The reason Ripple was sued is because they GAVE all their financial record to the sec.
>You're just talking about one tiny element of your app, not the entire application, It's the **entire application**. >Most people don't use AWS anyway. They use services that run on top of AWS. And in all likelihood **ICP would probably run on top of AWS as well**, which makes all your arguments even more ironic. Dude.. you don't even know what ICP is. Lol. Running ICP on top of AWS - that's funny. >ROFL... no it isn't. It's another layer of abstraction that we don't need. You clearly don't know. Lol. >WTF does ICP offer that's better? You can't name a single specific, non-criminal thing that this tech is better at than non-blockchain tech The **security** like I said. There's no other platform in existence as secure. It's more secure than AWS, Google, Azure, Digital Ocean, the server in your fucking house lol. All of them. You have LOST. A good 3 year streak you had where no one could answer your question but now it's been answered. My app on ICP is more secure THAN ANY OTHER APP, ANYWHERE ELSE. INCLUDING YOUR BASEMENT SERVER.
FTX IS DOING REFUNDS .. SCROLL THROUGH THE COMMENTS ABOVE 👆🏼 THERES A GUY IN CANADA A COUPLE COMMENTS ABOVE WHO LOST $150k TO FTX AND THEY WERE TALKING ABOUT IT AND POSTED THE LINK AND HOW IT WORKS
Exchange listing on P2B (2 billion daily volume) beginning of next week! Probably the best liquidity to MC ratio on Solana right now with 250k liq on 1m MC (check Birdeye). Partnered with DSCVR (Web3 Platform built on ICP), listed on Coingecko, SWFT with CMC applied and fast-tracked soon. Hey Wallet Collab, Jupiter Strict Listed, audited by LOST (full on-chain analysis), high APR for LP providers on CremaFinance. Great memes with an internet classic as character (Comfy Guy, check KnowYourMeme) in the same category as Pepe or Wojak. Fair launched 3 months ago with no pre-sale. Dev is an early LINK marine and burned 100k of his own money to provide liquidity for COMFY. Very good wallet distribution without major whales, dev hasn't sold a single COMFY. Lots and lots of cool things planned and already happening like the Saga Phone Airdrop, more exchanges will also follow. Feel free to join and get comfy with us :) TG: socomfytelegram CA: FbJpd8yhrGGkWVL1Ujf7qFvTw4uD4675k8CYk82LEKvZ How to buy: Use Phantom/Solflare Wallet with SOL in it, go to Jupiter and put in the CA above!
Altcoins such as (doggie,shibbie, sheddy, dander coin) have been created to intentionally baffle and deceive people. The only one out there that people have never LOST (unless they sold) is BIGGIE BOY, and there is no alt out there that can stand up and stay chin up to BIG BOSS.
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Usually I am a "winning" futures trader. But even if you win, you will still feel like you lost. Example: Last thursday I made an 80% profit within the span of an hour. I was satisfied at that moment, I hit my target and closed my X20 position. Only to find out alter that day the coin didn't stop mooning after a small correction, therefore I missed out on another 400% gain that dat. So my feeling: I LOST! No matter what, you will always lose in futures. I'm doing this for a long time, so I know about this feeling and I can put it aside quickly, but I still have that feeling. Furthermore you should have done it with money you were prepared to lose without any regrets. And let me give everybody a tip: don't do it if you don't know what you're doing. And IF you do always take out the profit and DON'T re-invest in futures, but buy coins on the spot and hold them until bear market starts. So always come back to the initial amount of money. Even if you only "win" like $10,- on a trade, than transfer it to your spot account and buy more good crypto. Last thing: when bullmarket is over (I think this will be a long one, so at least 11-15 months from now) you keep an eye on meme-coins. They tank twice as hard when the sell-off begins.
Adjusted for inflation, if anyone bought gold in 1970 at 30usd/oz, they LOST money for 30 years until 2000 when it started to outpace inflation again. So, if you bought in 1970, you are JUST NOW starting to recover enough to break even against inflation from them until now. You had to wait over 50 years to protect your savings... https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart
So, I just played around with BOME. This was my first time swapping SOL for a SOL based meme coin. Here are my thoughts. \- downloaded Solflare. \- This part was super intuitive. Easy to buy SOL on Coinbase and then send to Solflare \- Bought $20 worth of BOME Last night. \- This part sucked. Transaction failed 5 or 6 times before I could get the sale to be made successfully? I changed the "Slippage" setting from 0.5% to 4% to try to force it to work. Even after that though it still failed, and eventually worked for reasons I can only list as luck? \- Went to bed. Woke up and the $20 ish dollars was worth $37 ish dollars. Cool! \- Sold $37 ish dollars of BOME. \- This part sucked even worse. First, I tried to sell and Solflare gave me an error saying I need 0.005 min SOL to cover the network fee. Obviously experienced users will know this, but as a newb it's annoying and I wish I'd been notified of this prior \- Back to Coinbase, buy more SOL, send to Solflare... \- Try to sell again More transaction fails. Price of BOME constantly moving as it's a meme coin. \- By the time I finally do get it sold I've LOST $5 OF PROFIT! \- Alright, I don't care as it's only pocket money. But my conclusion is there's no way in hell I would put serious money into this. It seems transactions are routinely failing and the price shifting 10% in a refresh is just part of the game. Thanks but no thanks. Obviously I'm a newb at this and there could be better workflows for trading that I didn't use. Just wanted to share for anyone who may be SOL meme coin curious.... Personally, I'm not very impressed
You mean some OTHER “investors” LOST $142k?
It has much higher liquidity than other Solana shitters. 300k on Birdeye on all pairs, the dev burned 100k of his own money to provide liquidity. Audited by LOST who did a full on-chain analysis and gave their stamp of approval. Partnered with DSCVR, listed on 2 CEXs already with P2B incoming (Top 20 exchange by volume), great memes around the Comfy Guy which is well known in internet culture and in the same category as Pepe or Wojak. There are great people involved in the community who create funny memes, there will also be a Comfybot with AI functionality which will be integrated in various Telegram groups. Compare it to any other memecoin at this MC (1.6m) and ask yourself, what does it NOT do?
Normies = r/buttcoin This Is their favorite whine: "Hah it's not at an ATH where everyone bought it so EVERYONE must have LOST money!"
I got you "I LOST", I misread what you said. Good shit bro!!
I Timothy 6:10 NKJV [10] For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows. Bitcoin Twitter version: For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and LOST ALL OF THEIR BITCOIN CHASING YIELD.
The exchanges currently hold 1.8 million BTC. With Coinbase, Binance, and Bitfinex holding 1.3M of that. Assume that some of it is bought by investors that aren't moving it to private wallets. The rest of BTc is either LOST or in private wallets already. Once the exchanges run out of BTC who's gonna sell to these ETFs?
Far more people LOST money during that time... Gamestop is not a profitable company. It was degen behavior. Keep drinking the koolaid as to why you are smart for investing in beanie babies.
It is funny that you think any of the "positive results". Some spammy news articles and a bunch of integrations into businesses that nobody has ever heard of is not going to change the root issue Nano has. I have no interest in "fooling" people, nor do I have anything to gain from deceiving anyone, I'm just speaking my mind and the truth. Whether you agree with me or not is your choice, I don't really care, anyone here is welcome to look through Nano's subreddit history to validate what I've said is correct. If you want to talk about motives for "fooling" people, that would purely fall into your lap because you're the bagholder, and you're clearly trying to garner positive support for Nano so that you can make a profit as you've been trying to do for many years now as a long term bagholder. >It’s community driven. And organic community-drivem adoption also works. You're actually delusional my man. Go look at the Nanocurrency subreddit stats since the last bubble, and contrast them to Bitcoins, which has actually had a growing community. Nanos chart goes dead flat in new subs. It has LOST community, not gained it. That's obvious looking over at the engagement in the sub as well, it's an echo-chamber of old timers over there. I remember all the names. Congrats, you managed to get the word Nano to somewhat trend on Twitter. It means nothing. Wake me up when this has any substantial impact on the price.
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My life is fine. I'm not into gambling. It was actually entertaining to see how many of y'all LOST life changing money, because you couldn't think straight, and you were all greedy from sums you see.
Is that why I see a constant stream of "I LOST ALL MY MONEY!!!"? ;)
compared to how many people LOST money on it?
i panic AT 15K ...... even mu average entry is lower LOST MY BEST FRIEND because he said is going to 5k and i should sell I Bought more crypto I Run in the mountains and hide as i couldnt listen and see them laughing I was scared to walk outside and i felt the stupid person I was depressed and was seen my children wondering if i do the right choice still holding at 15k after experience 69k ........ Now i am alone enjoying the ride Victory didnt come yet , once its here everyone will know
Its an arbitrary number based on the last transaction and total circulation supply, right? It doesn't factor how much bitcoin is LOST, and assumes that all sellers, buyers, all holders, including those that aren’t selling or buying, are at the last transaction price. Market Cap also doesnt reflect how much money is invested. Lets say I create a token with 100billion supply, develop an ERC20 contract, and deploy it on Ethereum, and an exchange. I tell my friend to buy a token for $1. I now have a project with a $10billion cap.
Where I work, I know people in their 20s and 30s who still haven’t heard of bitcoin. The ones that have, only know it is digital money but that’s about it, they probably have like $20 worth etc… they never heard of satoshi etc. I only ever known of 2 people who actually knew of what bitcoin is, KIND OF… they got into the shitcoin casino mindset. One guy LOST EVERYTHING IN SHITCOINERY and they thinks bitcoin is no different than the shitcoin scams who was “invested in.” The other guy has not lost everything in shitcoins but wasted a lot of time researching the next “MEME” coin etc and he is a HEAVILY INDEBTED WAGIE COCK type. Has 2 college degrees, living paycheck to paycheck etc. He says bitcoin value is growing to “slow” for him and he needs to find the next big thing etc. I have never meet IN THE REAL WORLD at work, my neighborhood, extended family etc ANYONE WHO ACTUALLY UNDERSTANDS BITCOIN… all those people seem to be online, and at best it’s probably like 10% of the “crypto community.”
Stop fooling yourself… THEY WERE SHITCOIN CASINOS… if anything we probably LOST MORE POTENTIAL BITCOINERS THERE THAN GAINED. After getting rugged times, some people PERMANENTLY LEAVE and they confused the scams with bitcoin. CZ and Binance were not friendly towards bitcoin.
It was NEVER SUSTAINABLE to back your currency with debt… name one example of a government that did this was able to sustain itself for multiple generations without taking a hit to the quality of life of their citizens etc? People think that Japan is doing “well” even though their debt to GDP is about 200+% but they don’t even look on 2 LOST GENERATIONS, the fact that more and more young Japanese people can’t afford to start a family, become financially independent away from their aging parents etc. Japan is literally EATING IT SELF ALIVE… they have abondoned schools, people living in Internet cafes etc… that’s not a triving society. America will resemble Japan in another Generation at most… in some ways we are WORSE. The massive drug epidemic, the number of educated debt slaves living paycheck to paycheck who can’t even have the same quality of life compared to their less educated grand parents etc. Fiat based debt monetary systems is parasitic by design and the people will become no better than cattle and sheep.
We truly are... what? Fuck, don't leave me hanging! I can't make my own decisions dude, omg I'm lost! HELP, I'M LOST!
😂😂😂 That's like saying a bread in Weimar gained value. Your house didn't gain value - the dollar LOST value.
Trump is the definition of a Con man. Trump sued a journalist for saying Trump was not a billionaire and LOST when the lawsuit went to trial.
I never used Coinex before but I created an account and used the address for my BlockFi withdrawal (yes, people are getting some of their money back). That was 90 days ago. I didn't open Coinex again. Got an email from BlockFI that my withdrawal was completed. Logged into CoinEx and got the notification to not use old addresses! I DID NOT KNOW THIS. I wish they warned their customers in an email?!?!? Now the coins that I had in BlockFi are LOST lost. Horrible timing. Do I have any hope of getting that money back? I'm so pissed at CoinEx
Friendly public service announcement: A lot of folks here complaining banks can’t tell you what to do with your money. Guess what, when you put your money in a bank it’s not yours anymore, it’s theirs. All you have is an IOU. Your money has been placed into long term low risk investments that your bank is keeping the interest on. Your money IS NOT liquid at the bank. You are hoping they will have it on hand when you need it. All (repeat ALL) the banks are currently underwater on the terrible bet they made on treasuries during the pandemic. So not only is your money not liquid, but your bank LOST your money on the investments they made with it. If they can hold on long enough for treasury yields to get back to 1%, they won’t have lost your money. US treasuries hit 4.65% yesterday with little sign of abating. Probably going higher. Everyone should start to think critically about what to do with their savings.
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What's the most you've ever LOST in 1 trade/1 coin?
What do you mean they "LOST" their founders? You mean like...in a boating accident?
What do you mean they "LOST" their founders? Like in a boat accident?
“NEVER LOST, NEVER SOLD ONE MOON”- Lavar Ball
I realize that 🤦🏻♂️ but how can you on-ramp to crypto if you’ve *LOST* the map to the fiat?
>t'd both great as well as terrifying > >English is such an odd language 🤣 Hahah im spanish and we have "Terorr" and "Horror" and it both means scary and a very bad experience (Like Horror movies) But yes I was so sad when I LOST all btc in that terrific and horrific boat accident.....
With the actual ecosystems/UIs I've seen, there's no reason for mass adoption... UIs are horrible for anyone not tech saavy and there are too many possibilities of making mistakes. Wrong address? Coins LOST Link missclick / Authorization given? Coins LOST Interacting with random coins sent to your wallet? Coins LOST Faulty smart contract? Coins LOST That's my own opinion, of course...
Follow these steps: 1. Invest like 1 billion dollars in a Proof of Stake coin if you want that money per hour. 2. Stake the coin for passive income. 3. Profit. 4. OMG shit you forgot to sell your earned coins 5. OMG SHIT A CRYPTO CRASH 6. FUCK FUCK FUCK SELL SELL SELL AT A LOSS YOU JUST LOST EVERYTHING SHIT SHIT -70% -80% -90% FUUUUUUUUCK
Thanks for your reply. Actually one of the main problems with the bitcoin project in El Salvador, is that most people seen it as a lost, because the time Bukele bought bitcoin the price was "NOT THE BEST" as many people say it. So a most of people see it as it is a LOST, and of course they are affraid to get into crypto after see what happened with the btc that government bought. I think if btc recover up to 50k, the story will be different, but that is what we have right now over here.
You are 100% being scammed. DO NOT DEPOSIT ANY MONEY, IT WILL BE LOST IN ADDITION TO WHAT YOU’RE OWED. Sorry for your loss.
Yep, they’re LOST.. *Until they’re not..*
BTC has LOST it's original purpose, BCH is much closer to the original vision of BTC. Even satoshi had intented to increase the block size once the network had grown large enough.
Why do you react as if I'm dumb ("You understand how stocks work, right?)? Would I react the way I did if I didn't understand? You DEFINITELY didn't get the point of my short reaction. Let me clarify: it made ABSOLUTELY no sense what you wrote. FIRSTLY, "the seller lost": We don't know. We don't even know from the story WHAT the seller DID with the Bitcoin. He could (if he had the possibility, which means he didn't need the money straight away and still had to decide to invest this money) have won even way MUCH MORE than the buyer (see further). If the seller immediately "traded" the received Bitcoin for fiat, then it made ABSOLUTELY no difference for him. Actually, the sell of the house has ABSOLUTELY nothing to do with the gain in this story: someone ( first the buyer and after the transaction the seller) just had 4M cash (fiat) and that amount was traded back and forth for Bitcoin (buyer did first step buying Bitcoin, seller probably did second step selling the Bitcoin although we have no idea from the story when he did that) So, this is just a dumb trade story (the buyer being lucky in a few weeks after he decided to convert his cash, Bitcoin increased 33%, maybe at that time, early 2017, it seemed less common so they had to publish a story about it). On tne other hand, if the seller had decided to keep the Bitcoin he would have doubled what he received in less than half a year, and 20x by the end of 2017 (yes about 80M instead of 4M of course he didn't know that in Jan 2017 when the transaction took place). So who lost???? Bitcoin a negative sum???? Bitcoin hasn't been a negative sum yet since the start if you take a 4 year investment horizon (however could well be in the future, but I doubt that, probably only the volatility will decline, and so will the profitability). But up to now, since it's still early days (maybe late compared to 4, 8 or even 12 years ago when it was first traded at less than a dollar) it's hugely more profitable than stocks (about 3x last cycle, 15x cycle before) SECONDLY, "everyone who gains does it at someone else's expense, unlike equities" : This is a completely senseless statement. You can only gain when you trade (buy or long then sell or close long, or open short close short, etc...) and it is at NOBODY in particular ELSE'S EXPENSE: of course there's always a counter party who for example bought what you sold (with profit if you bought cheaper earlier, like our story buyer), but this counter party might sell again at higher price later (like our story seller of the house could have done, receiver of the Bitcoin which he could have 15x) and so both could have WON. Of course, for example, in a declining market period, both could have LOST, or one WON and the other LOST. But on a 4 year cycle, Bitcoin is currently, in the still "early days", far more profitable than decent major stocks FINALLY, "unlike equities" and "If I buy a share of a company and sell it for more than i paid,, that doesn't mean anyone lost money.": If you bought some of the mayor stocks about 2 years ago, and you're still way UNDER WATER right now. Example: Amazon, about 10 to 25 % depending when you bought, and between 33% and 50% down begin this year. Most of the people who bought and sold stocks during last year would have lost. Even if you would buy and sell it with profit, your counterpart could (and if he just bought higher, like 2 years ago, he definitely WOULD) have lost. So again, NONE of your statements make ANY sense whatsoever.
People are so fucking scared of everything but already have no privacy. We ALREADY LOST. And we continue to.
If you read the article, his brother hints that this was family money, and that he LOST most of his money in crypto and then took on debt..
THANKS FOR JINXING ME !!! I JUST LOST IT IN A BOATING ACCIDENT !!! oh my......
>NO ONE HERE WOULD HAVE LOST MONEY ON FTX. Because FTX wouldn’t have existed, not because regulations would have stopped them from acting fraudulently.
Gemini ALLOWS bankrupt Voyager digital customers to withdraw supported cryptocurrencies, but UNSUPPORTED assets may be LOST
Oof he's pulling bit switcheroo on us. Do we inverse and abandon all crypto? I'M SO LOST
I've spent many hours researching reddit avatars and still LOST money. It's all about context.
I can already forsee a post in the future: "Help! I LOST ALL MY BITCOIN! I sent them all to a public address on an old computer! What happened?!"
Wow, what a leap of logic.. this twat. Businesses in other countries want to sell something.... And so let's make US citizens criminals because of it. HOLY HELL SHES FUCKING LOST IT .
> muh China scare tactic Yes, China which has a ban on crypto is suddenly going to do a 180 and embrace crypto because it offers a *"private, and accessible platform"* > muh Tech will leave the US and we will have to catch-up The U.S has the 7 largest tech companies in the world including 20 of the top 25 tech companies. Apple's marketcap is around the GDP of the U.K and France. There is no tech and innovation in most of Europe. Sweden is an exception with innovative startups and smaller tech companies and a lot of them get acquired by U.S companies. > muh whole industry of jobs will be lost For the most part crypto doesn't really create jobs. For example, Cardano's IOHK employees a couple hundred people. Carrefour, a company that has roughly the same marketcap of Cardano, employees 300,000+ people. The revenue generated by crypto projects is dumping tokens on retail investors -- for the most part, they don't need employees to create tokens on retail investors. Most of these crypto projects rise up with hype, dump worthless tokens on investors and disappear in a few years. If you DON'T include Bitcoin and Ethereum, the OTHER 18 PROJECTS in the TOP 20 went from $240 BILLION MARKETCAP to like $50 BILLION MARKETCAP https://coinmarketcap.com/historical/20180108/ Almost $200 BILLION LOST in these projects in 5 years that's never coming back. No jobs created, no technological innovation that the U.S is missing out on, just hype to bamboozle retail investors of their hard earned money.
I got in Sept 2020, if I stayed in just the one, I'd be at a loss but several others keeping me at just over 1k in profit...have worked it out a lot and if most of my stuff reaches their ATH next bull, I will be pretty happy...some are expected to do very well. I've learned you haven't actually LOST anything till you sell or the one you bought is dead...as long as you invested in good tokens and can handle the wait...then you'll be fine...I will just remember to sell at a certain point this bull & then wait till the 80-90% drop before buying back in with some of my profits
yes! & thumbs up from me to your reply! because I hoped that point was clear to other customers, too! so, *THANK YOU,* for being someone who also understands that..as not sure why?? but seems far too many of our truly innocent brothers & sisters are being marketed to.. into believing a *now* multi-sig hot wallet is, somehow the same as an online hot wallet! and as, of course, the literal blueprint isn't the exact same! but the *basic* blueprint/model/potential wrong wave is the same. as is the Ledger NanoX is STILL marketed on Ledger's site pages as 'cold storage's wallet..which it is NOT. since it's now, for all who fall for this nonsense, NO LONGER a cold storage wallet! but leave it to Charles & friends to burn their previously loyal customers..those of us who STILL cannot fathom -or who are *willfully ignorant* about WHY Ledger's ridiculous change, this time around anyway, was..well.. disrespectful & tone-deaf & low social IQ stupid. because, really Ledger, between their advertised basic, cold storage wallet are ALSO STILL advertising 💯% contradictatry products that INVITE hacks/phishing theft's/wrench attacks!! and many who are already an IMMEDIATE financial target of cryptocurrency wrench attackers ACCESS to the names & locations of Ledger customers! since Ledger *ALREADY* allowed a data breach..leading, for hackers & wrench attackers, one/and or MORE than one of of their kids, a spouse, one or both of their parents, grandparents, etc, one or more of their locations! NO, Ledger: trust is LOST!! as you, NOW, have to change your conflict-of-interest-target-sales-demographic. what a SUPER-COLLASAL FAIL & only reinforced here in this baked-in, former BANK LESS sponsor!! so, what, on Ledger's next step and with so MANY [at this point, *former* ] but *no longer* customers' trust/trustless belief in Ledger...
Actually all type of ledger before this new opt-in feature. Check this out [I LOST MY 24-WORD RECOVERY PHRASE](https://support.ledger.com/hc/en-us/articles/4404382075537-I-lost-my-24-word-recovery-phrase?support=true). tldr: this article said that if you lost your recovery seed pharse while still have the access to your Ledger device. The only thing you can do is transfer all your asset to a new wallet as Ledger device cannot show you the seed phrase again, which is exactly how a secure enclave chip should work.
No, you go away. You and your stupid coin are useless and annoying. You constantly spam this place with threads every day even though nobody cares. GET LOST.
There are literally thousands of these scams over the years. You're wasting your time. 2017/18 I was among lots of people here identifying exit scams with vaporware tech/products, founder/CEOs with criminal pasts, documenting every step of their scam from paid hype, fake tech, zero delivery, price manipulation, purchase of houses to the final exit scam. Nothing comes out of it. For example look at the Substratum one of the most obvious scams in the crypto space. If you were calling this out early on, mostly you had people who fell for the scam saying your were being tribalistic and fuck the SEC. People in /r/cryptocurrency absolutely love investing in scams and money grab projects where worthless tokens get dumped on you. https://np.reddit.com/r/CryptoCurrency/comments/7v5iuy/thoughts_on_substratum/dtpvv3u/ https://np.reddit.com/r/CryptoCurrency/comments/9bzk5g/substratum_is_doing_a_second_ico_after_1_year_and/e57gzcn/ https://np.reddit.com/r/CryptoCurrency/comments/doca6c/substratum_ceo_was_able_to_purchase_a_15m_mansion/ https://www.reddit.com/r/SubstratumNetwork/ Is a scam or a money grab scheme that collected $20 Million or $50 Million going to matter when you have projects calling hundreds of millions or billions? If you DON'T include Bitcoin and Ethereum, the OTHER 18 PROJECTS in the TOP 20 went from $240 BILLION MARKETCAP to like $50 BILLION MARKET-CAP https://coinmarketcap.com/historical/20180108/ Almost $200 BILLION LOST in these projects in 5 years that's never coming back. Almost all of it was hype, vaporware and a money grab scheme. There is no protection for naive investors in this space and naive investors will defend projects that scam them saying if the SEC goes after these projects it's stifling innovation.
Queue the videos of people crying “I LOST EVERYTHING IN PEPÉ!”
And metal coins that jingled in our pockets. And the government actually LOST revenue by making such jingly things. It was a very backwards world, little Jimmy.
What is this clown talking about. 1. "the numbers in crypto aren't real" - willing buyer willing seller you dumb MF 2. "millions of people have lost access to their account at FTX" - first of all, the exchange was fraudulent, not the crypto infrastructure itself. Self custody, have you heard of it!? (EVEN IF I LOST MY OWN PRIVATE KEY, SEED PHRASE, ETC -> if I lose my cash or a gold bar, is fiat and gold a ponzi too? I am pretty sure I can't get those back if I drop them somewhere.) 3. "NFT hate" -> okay the NFT arguments sound alot like the NFT hate comments on this sub 4. "Wash Trading" - do you think this doesn't happen in legacy markets? lmao
Skynet, please no! CARRIER LOST
Yeah, he didn't loose shit, WE LOST IT
DO NOT FALL FOR THIS SCAM I LOST 3000$! This is one of the biggest funded scams in crypto (millions invested) to fool investors like you and me and they do a damn well good job of it. Please do not fall for this. Donation are HIGHLY APPRECIATED BTC ADDRESS: 38ky2ts5rwzNgRUJLeiBtZZXkZN7nbzxDi
I hope this is fake smh I really wish I could move me and my family. The control they seek is insane! VPNs aren’t just used by criminals and they know that. Pray for us in the states, because our government is LOST
LOST ALL ON THE STOCK MARKET....maybe he was a broker? broker will make u broke :/
Bought ONE at .05 , jumped to .25 , sold , made 100k AND LOST IT ALL TRYING TO DAY TRADE . I fumbled the bag so hard it was quite embarrassing. -Wannaberichguy777
Fuck. svb went belly up... what the fuck are we going to do, alot of people just lost everything. Given we live in a capitalistic society, I think we should let it take its course... PRINT ALL LOST MONEY AND GIVE IT BACK TO THEM... wait but won't that take from everyone else who owns USD and devalue their money? TF, can someone through this bloke out a window, he's making us look bad
Ive never said criminality is the obstacle. Irreversible transactions on anonymous account are (one of) the obstacles. Criminality is just part of that. Also cash is on its way out if you havent noticed and your argument for crypto seems to be "well its not worse than cash". Congrats on your invention dude. Just think about this: every day a secretary makes a mistake and wires the wrong amount or to the wrong number money. Sometimes adding another 0. This happened like a 100x as we talked around the world. With crypto that money is LOST. Gone. Poof. Its not a step forward its a 100 steps backward. And this is just thr tip of the iceberg. If you dont see how that makes crypto the worst and stupidest invention of the century then I dont know what to say to you.
SVB gambled with billions of mortgage backed securities and they LOST
Powell just regurgitating the same old nonsense. They are basing this off a single inflation report which is hilarious. I’m looking to Canada for a more level headed approach. They are most likely pausing rate hikes as they’re looking at the data as a whole. Powell is just corrupt and manipulative. 5 months of decline in inflation m/m and one single outlier and he’s spouting off about more rate hikes than originally intended… they are LOST. Playing the population like a fiddle. Ignore the noise, invest monthly. China re-opening, shipping rates down, logistical challenges evaporating, all the causes of inflation are diminishing.
He's probably LOST more in a week than I'll ever gain
You need pause your plans and do some research first. A cold wallet means it isnt on a phone or app, it is a new device you purchase and is not connected to the internet (cold). As opposed to a hot wallet which means it is on a device with internet capabilities. Cold wallets are much lower risk of being hacked. Take your time and research this. I’d recommend first buying like $20 of btc and playing around with it first. Get used to sending and receiving it from an exchange to a hot wallet on your phone. See how it works. See how much fees are etc. Learn what a seed phrase is and how to store it. Later you can buy a cold wallet and again test it out, youtube the best ones to buy and their features and how to use it. Always buy it directly from the manufacturer. Always do a test transaction. Bitcoin is no joke, if you mess up the seed phrase or someone gets access to it or if you send btc to the wrong address YOUR BTC IS LOST FOREVER!!! There is no customer support for bitcoin, it is not a company.
Good night. You won the internet today (also sorry to anyone who understands this; YOU JUST LOST THE GAME)
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
https://usa.visa.com/solutions/crypto/auto-payments-for-self-custodial-wallets.html Here's a good read! Basically AA is when smart contracts interact with other smart contracts on your behalf. In that article Visa is exploring how to set up on-chain reoccurring payments for billing. In that you'd forward your bill to Visa for them to put it on-chain, so you only need to interact with Visa's front-end if that's all you want, while still gaining the full interopability of having your assets on-chain. Smart wallets are the main form of account abstraction. They're smart contracts deployed on an L2, but they're contracts that behave like a wallet. The Loopring and Argent wallet each are smart wallets. Smart contacts are fully customisable, so you can end up with specialised in-wallet features like what Visa is building on theirs. Maybe you wanted to create a new token from your wallet, that's just asking your smart contract to use another. One HUGE feature of smart wallets is social account recovery. You're able to encode MFA into your wallet, and then whitelist certain accounts that can be used for recovery. Usually people have 2/3 MFA using their phone, their PC, and the wallet's customer support. Set up that way if you want to recover your account, you can on your own using your own two devices - but if you lose access to one device or your seed phrase, you can ping customer support to make up the full 2/3 needed to recover your account. Instead of customer support you can set it to any trusted person or device - do 5/7 if you have lots of phones or friends. NO MORE LOST COINS. AA makes mass adoption *so* much less risky, and will make crypto so much more useful and complex. It's a beautiful rabbit hole to explore the new development in.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
I guess the difference between you and me is I understand that BTC is not fiat currency and as long as I don’t sell my BTC at a 75% LOSS I haven’t LOST 75% of the fiat I put into it. Who sells at a 75% loss anyway; other than you of course. .
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.
#Moon Pro-Arguments Below is an argument written by Blendzi0r which won 1st place in the Moon Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > *First published on: 14.10.2021* > > *Last edited on: 30.10.2022* > > # What are Moons? > > Moons were [launched by Reddit admins in May 2020](https://np.reddit.com/r/CryptoCurrency/comments/gj96lb/introducing_rcryptocurrency_moons/) on Ethereum under the [Community Points](https://www.reddit.com/community-points/) project. Users earn them by contributing (commenting, posting, taking part in contests, etc.) to r/CryptoCurrency (r/cc) subreddit. Moons represent "a unit of ownership" in the subreddit. More information on them can be found here: [https://www.reddit.com/r/CryptoCurrency/wiki/moons\_wiki](https://www.reddit.com/r/CryptoCurrency/wiki/moons_wiki) > > # What are their pros? > > **THEY CAN BE "EARNED"** > > Moons are unique. They can't be mined and you don't have to buy them in order to own some. All you need is a [reddit account](https://www.reddit.com/register/) and an opened [vault](https://www.reddit.com/community-points/). If your comments or posts are upvoted by other redditors, you will receive Moons when they are distributed. Distributions take place every 4 weeks. You might also be tipped Moons by other users directly and receive them immediately. There are also various competitions where redditors can win Moons (e.g. [Trivia](https://www.youtube.com/watch?v=fV6AMUYz-RY), [Cointest](https://www.reddit.com/r/CointestOfficial/), etc.) > > **THEY GIVE REDDITORS POWER** > > The main purpose of Moons is to use them for **voting in Governance Polls**. These polls are held on r/cc regularly and users vote on proposals submitted by other users or moderators (mods). The more Moons someone has, the greater his/her voting power is. Governance Polls allow Moon holders to push r/cc sub in the direction they believe is best. > > It's worth noting that only Moons that were **earned** can be used for voting. Bought Moons don’t increase user’s voting power. > > **THEY ENGAGE USERS** > > Moons incentivize r/cc subscribers to be active and produce quality content. r/cc is constantly in top 50 subreddits when it comes to [comments per day](https://subredditstats.com). Moons also attract new users – r/cc **is currently the most popular subreddit about crypto** with more than 5.6 million members. This gives Moons exposure to a large public. Other projects usually have to start from the bottom and work their way up before they attract a big number of holders and supporters. > > Moons also incentivize moderators as they receive 10% of the total distribution. Thanks to that, despite the huge number of members, the sub is kept clean. At least most of the time ;-) > > **FIRST MOVER ADVANTAGE** > > The popularity of Moons gives them the first mover advantage ([although they aren't the first Community Points project](https://www.reddit.com/r/ethtrader/comments/kl6ldu\/donuts_faq/)). Even if Reddit launches more Community Points on other subreddits, **Moons have already established their name** (and speaking of names – it’s hard for a better one in the world of cryptocurrencies). > > **REDDIT’S BRANDING AND PROFESSIONAL DEVELOPMENT** > > Moons are developed by a team of professionals hired by Reddit. This makes the project credible and eliminates the risk of a rug pull that is ever-present in the case of many other low market cap projects. > > What’s more, Moons' smart contracts and mobile apps have been also [reviewed and audited by Trail of Bits](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki), an independent security firm. > > Despite being Reddit’s product, Moons are independent of Reddit and once earned neither the admins nor the subreddit moderators can take them away from [users](https://np.reddit.com/r/CryptoCurrency/wiki/moons_wiki). > > **MANY MOONS ARE ALREADY LOST FOREVER** > > Moons that weren’t claimed in time are lost/burned. Moons that were supposed to be delivered to people who didn’t open their vaults are also burned. It is estimated that **more than 50 million Moons are lost.** The number of lost Moons is significant since the number of circulating tokens is only 100 million and the inflation rate goes down by 2.5% with every distribution. > > [35% users who earned karma still didn’t have their vaults set up during the 18th distribution](https://np.reddit.com/r/CryptoCurrency/comments/q3cbfe/comment/hfqztnl/?utm_source=share&utm_medium=web2x&context=3). > > **MOONS ARE ON ETH MAINNET** > > On August 9, 2022, [Moons were moved to mainnet](https://np.https://www.reddit.com/r/CryptoCurrency/comments/wk75p2/pack_your_moons_were_moving_to_mainnet/), to Arbitrum Nova. Before that, Moons were on a testnet (test blockchain) and as the name suggests - they were being tested. And since they are no longer being tested, it means that Moons are now much more reliable, much more secure. What's more, **Moons can now be listed on exchanges** and they are already tradeable on gate.io and MEXC. > > More exchanges are sure to follow, [Kraken has published a crypto guide for Moons](https://www.kraken.com/en-us/learn/what-is-reddit-moon/). This might be significant because there are hundreds of coins with higher market cap but Kraken still decided to publish a guide for Moons instead of those coins. > > **MOONS HAVE A LOT OF POTENTIAL AND POSSIBLE USE-CASES** > > Being a currency of the most popular crypto sub, Moons can find a lot of new use-cases and with their low market cap they have a lot of room for growth. Moons are currently placed outside of top 1,000 coins according to Coingecko which suggests they might be strongly undervalued considering their credibility and exposure. > > Recently, r/cc has started charging Moons for AMAs. Everyone who wants an official AMA on the subreddit has to burn a certain number of tokens. r/cc has probably the biggest auditorium in the whole world of crypto, therefore "ticketing" AMAs is sure to attract many parties which, in consequence, will burn a lot of Moons. > > Moons might be finally accepted by [cyphermarket](https://www.cyphermarket.com/) and people will be able to [buy crypto-related products there directly with Moons](https://np.reddit.com/r/CryptoCurrency/comments/p9zbhg/announcing_rcryptocurrency_merchandise_and_a/). In future, Moons might be used as means of payment in other crypto-related online shops or other businesses. > > Recently, [Reddit auctioned some NFTs](https://nft.reddit.com/#live-auction). One of them was sold for 175 ETH. This might suggest that r/cc will have their own NFTs in the future, too. And if so, they will probably be sold for Moons. > > Admins have also stated that they’re “[working hard to figure out how to grow them even further](https://np.reddit.com/r/CryptoCurrency/comments/opibci/were_launching_a_scaling_network_for_moons/)”. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/wdgt3n/coin_inquiries_moons_proarguments_august_2022/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Moons) to find arguments on this topic in other rounds.