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Trump’s Crypto Aide David Bailey Calls out Reddit Bitcoin Mods on Censorship

Trump’s Crypto Aide David Bailey Calls out Reddit Bitcoin Mods on CensorshipDavid Bailey, CEO of Bitcoin Magazine and aide of the Trump presidential campaign, criticized the behavior of the moderators of r/bitcoin, a popular subreddit where bitcoin-centric news and issues are frequently discussed. On social media, Bailey called out these moderators, stating updates about President Trump assisting the Bitcoin 2024 conference in Nashville were censored. “Wild […]

Macro Guru Raoul Pal Predicts Crypto Market Will Rally ‘Pretty Strongly’ Into Year-End – Here’s His Outlook

‘I anti-endorse these projects’ — Buterin’s shitcoin war sees him sent another 250K

Earlier this week, the Ethereum co-founder sold $700,000 worth of “shitcoins.”

Ethereum co-founder Vitalik Buterin’s latest salvo against “shitcoins” has ended up with him simply being sent more of it.

Only days ago, the Ethereum developer made moves to sell over $700,000 of tokens previously airdropped to him, causing the price of these tokens to fall. 

Buterin has since continued his war on apparent “shitcoins.” In a March 9 post on a small subreddit, Buterin labeled crypto token Bite (BITE) and most of the other coins discussed on the r/Testingtesting62831 subreddit as “shitcoins” that have “no redeeming cultural or moral value, and will probably lose you most of the money you put into them.”

“I anti-endorse these projects to the greatest extent.”
Vitalik Buterin's full post on the Testingtesting62831 subreddit. Source: Reddit

BITE was one of the tokens Buterin sold in his shitcoin selling spree on March 7, selling 3.4 million BITE for around $9,250, according to PeckShield. 

Buterin’s post was also likely prompted by the huge number of posts pushing the BITE token on the subreddit, which he created back in July 2020 and still moderates.

The post set him up for a wave of trolling, however, with other members of the subreddit doubling down on their shilling and creating a number of memes.

One of the posts purportedly trolling the Ethereum co-founder. Source: Reddit

Buterin was even sent 250,000 BITE soon after making the post. The token doesn't appear to be listed on many mainstream crypto price tracking sites, but blockchain records show sales hover around $0.011 per token, making the 250,000 sent to Buterin worth approximately $2,750.

A screenshot of transactions associated with one of Buterin’s wallets. Source: Etherscan

Meanwhile, several Twitter accounts claiming to be affiliated with the BITE token and its community have called the mention by Buterin “BULLISH.”

Related: Vitalik Buterin's philanthropic fund donates 15M USDC to UC San Diego

The Ethereum co-founder had gone on a shitcoin selling spree just two days prior, offloading some $700,000 worth of tokens that were airdropped to him and exchanging them for Ether (ETH).

Buterin initiated a similar offload in May 2021, selling tokens such as Shiba Inu (SHIB) and Dogelon Mars (ELON), causing their prices to tank by 40% and 90%, respectively.

Macro Guru Raoul Pal Predicts Crypto Market Will Rally ‘Pretty Strongly’ Into Year-End – Here’s His Outlook

230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel Inflation

230 Economists Warn the US Government’s Proposed Inflation Reduction Act Will Fuel InflationLast week, Democrats unveiled climate and health care legislation called the “Inflation Reduction Act,” and there’s a lot of debate over the name of the proposed public policy measures. After the legislation was revealed, 230 economists sent a letter to the country’s House and Senate leaders warning that the proposed policies will actually fuel inflation. […]

Macro Guru Raoul Pal Predicts Crypto Market Will Rally ‘Pretty Strongly’ Into Year-End – Here’s His Outlook

Social Giant Reddit Expanding Ethereum-Based Crypto Program, Rolls Out Waiting List

Popular social media network Reddit is rolling out a waitlist for users and moderators to participate in its expanding Ethereum-based Community Points program. According to its website, the program would allow members of eligible subreddits to earn reputation points and own a piece of their favorite community via customized crypto tokens built on the Ethereum […]

The post Social Giant Reddit Expanding Ethereum-Based Crypto Program, Rolls Out Waiting List appeared first on The Daily Hodl.

Macro Guru Raoul Pal Predicts Crypto Market Will Rally ‘Pretty Strongly’ Into Year-End – Here’s His Outlook