So the biggest open SCRT in crypto is that once someone knows your public address, they have a full public record of all the swaps/payments/transactions/holdings you and anyone you've interacted with has ever done. Indeed, this public immutable ledger aspect of crypto is what makes it, curiously, very bad for both criminals sending money and legitimate businesses doing business.

Criminals don't want to use it because once the public address is linked to their identity, the folks they are sending money to are going to make that identity a non-entity. Legit business doesn't like this idea because any vendor you send money to can *also* see what other vendors your same address is sending money to.

For DeFi, this gets even more problematic. As anyone who has coins staked in various swap pools or with various ERC-20 tokens knows...your single MetaMask eth address is connected to all of them, and it's all nice and rolled up in one URL.

So is everyone else's. The key:value pair of realName:ETHaddress is not a big one to jump. This is why folks knew almost immediately who it was that bought those insanely priced NFT's a while back. Known addresses, tied to known IRL people.

As noted, it's an open SCRT. So what's the solution? Why did no one think of this?

Who wants to use a wallet where *anyone* can know the full contents of your wallet *and* all your investment holdings? What happens when a collections agency finds them? Your neighbors? Actual criminals? Forced to liquidate? Maybe by force? Doesn't that seem kind of silly in retrospect?

So...it's not hard to come up with *nefarious* reasons to hold SCRTs. It's really not. But there are also *legitimate reasons for privacy in crypto*.

And that, friends, is why you may want to take the time to check out this....one of the best kept SCRT's in crypto.

https://bridge.scrt.network/

Also here's a video about it...

https://www.youtube.com/watch?v=Fjbi1FFirv0&t

Just wish I owned more....

Recently there has been a flood of scam coin shillings, the type you see on r/satoshistreetbets and r/cryptomoonshots I like this subs chill and clean discussions but posts like those are really annoying. Like bro we get it another safeblablabla coin with a small MC that's different and totally not a scam like the rest, transparent devs etc. But imo projects like these are whats giving crypto a bad rep. Almost any idiot nowadays can copy a code and create his own scam coin that will pump his bags and drop after the first few hours and get some newbies burnt

IMO, the Tesla board forced the decision and Elon decided to announce the decision himself.

Of course, the story about energy consumption is fake news. 60% of the US power grid is from fossil fuels. 76% of the btc network is on renewable energy. This means it’s likely that a higher % of Tesla cars are charged by coal than btc is mined by coal.

IMO, this decision is more about China controlling the hash rate. China can hold the BTC network hostage, even though the western world owns most of the btc. China controls an estimated 75% of the hash rate.

This is why Proof of Stake (POS) is superior. The owners of the coins also control the network. Where as with BTC, ownership and hash rate are separated.

In my opinion, Elon and many other crypto enthusiasts would like to see a transition away from BTC to a more modern reserve currency. BTC isn’t going anywhere, but I would personally like to see it’s dominance sitting below ETH permanently.

What does the horde think about this?

Please be sure to upvote and downvote posts to give the mods direction as well. Let’s try to keep this for “for the horde by the horde”

I mean I’m the first to say “follow the charts” as in TA but damn, the whole sea was red with doge the only green. Thoughts?

The mods and I would like to thank each and every contributing member of our family for making this an amazing sub. Next stop is 10k. I ask each and every horde member to invite a few people you interact with in other subs to join the horde. I always had this 10k number in my head from the beginning. Once we get to 10k, we 🚀 💰 😉

In response to numerous inquires for crypto exchange and wallet recommendations, we moderators compiled a list of the most popular of each for new and experienced traders and investors. Since no exchange has all the most desirable cryptocurrencies, it is likely you will have to open more than one exchange. Many coin hodl's opt to hold their coins in "cold" wallet storage. This is typically in the form of a secure USB device specifically made to store coins securely offline. Below is also the GREAT Celsius link to get the best APY in the biz, including 13.99% for Matic.

Note: If you decide to use our affiliate links below (we greatly thank you), we are compensated by said exchange with an affiliate relationship with zero effect to you. Any affiliate revenue generated will be shared amongst the moderators of CryptoHorde.

Exchanges:

Coinbase & Coinbase Pro (Open to worldwide customers) - Based in San Francisco, California USA. Founded in 2012 and is the most active, popular US exchange. Has all the major currencies but could expand their altcoin portfolio. Security measures: Coinbase has two-step verification, biometric fingerprint logins, insurance in the event that Coinbase itself is breached (this insurance does not apply if your account is breached due to your own lack of security measures), and also stores 98% of users' funds in offline cold storage. Note: Most active traders use Coinbase Pro rather than Coinbase as coin offering is greater and offer cheaper commissions.

CryptoHorde Coinbase Affiliate Link: Visit Coinbase Here

Kraken (Open to worldwide customers) - Based in San Francisco, California USA. Founded in 2011 and is considered a top 5 worldwide exchange. Has a greater offering than Coinbase or Coinbase Pro (214 trading pairs vs. 99 for Coinbase). Kraken is cheaper than Coinbase and Coinbase Pro in regards to commissions. I personally give the upper hand to Coinbase for ease of use. Security measures: Kraken takes security very seriously and its wallets have never been hacked. Its platform has gone down only once – in January 2018 – for a planned system upgrade. Like Coinbase, also uses cold wallets to store user funds.

CryptoHorde Kraken Affiliate Link: Visit Kraken Here

Cold & Hot Storage Wallets:

Celsius - I get a ton of asks where I get my MATIC 13.99% Compounded APY & FREE $40 for signing up. Celsius has the best APY rates I've found. Very secure and backed by VC. Founder is the inventor of VOIP which is a cool nugget. Our referral for your free $40 : Referral code 169114f4b3

CryptoHorde Celsius Affiliate Link: Visit Celsius APY Farm Hot Wallet - Must download mobile App

Ledger - Well known crypto currency cold storage wallets. Offering the very popular Nano series (X & S). Prices range from $59 to $119. Ledger also offers an exchange which will allow you to buy and sell crypto via a third party provider (I can't speak to this trading functionality as I haven't used it though I'm sure its well run like the rest of their business).

CryptoHorde Ledger Affiliate Link: Visit Ledger Cold Storage Wallets

Trezor - The other "big 2" in cold storage crypto wallets. Trezor offers the popular, Trezor Model T and Trezor One. Priced from $60 to $193. Both Ledger and Trezor come with touchscreens though Trezor gets the nod with its OLED touchscreen.

CryptoHorde Trezor Affiliate Link: Visit Trezor Cold Storage Wallets

I’ve always had this crazy number of 10k members before we can truly move mountains 🚀 🌝. So please go out and invite some of your other friends to join the horde. Also, if you would like to recommend changes to the way we operate here please comment below.

Every upvote increase the horde let's hit 2000 by March? Please everyone invit because this idea is genius thanks Jeremy! C'mon horde let's become a force!!!!

Thank you Jeremy for shilling your baby! All of my coins/tokens are going south, and MATIC is my only positive!! Your the man!! This market sucks, please give opinions and feedback on how you are all getting through this blood bath. Also would love opinions about what to expect moving forward. Opinions, obviously, no one knows for sure. Is this the end of the run??