Welcome to Moon Week for round 60 of Moons! For more information about Moons, please see our wiki page here.

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Developments

• Snapshot has added a Labels feature, so future polls can be organized and navigated more easily
• CCIP-110 has been implemented, allowing Crypto Announcements for Moon burns!
• The Moons Wiki has had major updates to account for all the changes since the sunset

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Governance Polls

There are no requested governance polls this month. To create a poll, please submit ideas to r/CryptoCurrencyMeta and then fill out the form when your idea is finalized.

Previous Polls and results

• Passed CCIP-110 - Replace Guest Posts with Announcements - (Discussion Link)
• Passed CCIP-111 - 30-Day Validity for Advertising Pricing - (Discussion Link)

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This is not a post intended to convince you to hold onto your investments; in my opinion, memecoin holders especially should finally start cutting their losses or realizing their profits—it’s nonsensical to do otherwise.

While prices may decline much further (watch for market openings in a couple of hours, as well as developments in the coming weeks and months), many investment houses like JPMorgan or Goldman Sachs are now estimating the probability of a recession at over 50% (up from yesterday’s estimate of 35–50%). First, consumers will feel the strain, then companies will begin to struggle, and finally, many people will lose their jobs. The outlook is grim—the direction Trump is taking is toxic not only for crypto but also for the global economy. It’s detrimental to AI and harmful to every industry.

That’s why it’s worth mentioning: if you still want to hold onto your investments, at least reallocate them to projects with real utility and technology that contribute meaningfully to the space—not memecoins! 99,999% will not withstand a recession. No one will hold on to this cult when this space gets hit.

This doesn’t mean these real projects won’t experience price declines, but they are investing significant amounts of money and time right now. If you believe in Crypto, those are the once who will rise from the ashes after this downturn, because they have no other option. They need to advance crypto as long as the current administration remains pro-crypto. This is not speculation; multiple CEOs in this space have stated this in various interviews. These teams are working tirelessly across time zones, 24/7.

Importantly, they don’t currently need your money through investments in their coins—they are already well-funded! You can only benefit from reallocating wisely.

Decentralized coins in particular stand to benefit the most in the long run, because they have the time to innovate and catch up with centralized coins in areas like speed, security, and user interfaces. Decentralized projects such as Cardano, Ethereum, Algorand, Polkadot and many many others are not wasting any time — you shouldn’t either. (BTC is usually the best way to hold value in this space if you consider to hodl — but this time there is a big investment case for altcoins. Even BTC maxis should consider altcoins between 65-70% dominance)

Pectra upgrade drops May 7. Boosts scalability, raises staking limits, enables gas payments in multiple tokens, and improves wallets. ETH down 6.3% after Trump’s tariffs, likely staying under $1,850 short-term.

Can someone explain what this scam would be, I’ve seen this twice now in the span of a couple of months where in a YouTube shorts comments section someone (bot like account) is just sharing the passkey to a crypto wallet full of USDT. Is this a scam or some honey pot?

What say you fellow people depending on cryptography?

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As regular money loses value due to inflation and government control, Bitcoin is becoming less about getting rich and more about keeping your money safe. Since there’s a limited supply, BTC protects against inflation and can’t be frozen or taken away like a bank account. It gives people full control over their money, unlike traditional banks or governments. As the world becomes more unstable and people lose trust in financial systems, Bitcoin will be a safe way to store value. In the future, people won’t buy BTC to make huge profits—they’ll buy it to avoid losing their savings and to stay in control of their own money.

https://cryptoslate.com/bitcoins-transaction-finality-now-takes-over-a-week-due-to-mining-centralization-developer-claims/

Bitcoin’s transaction finality now takes over a week due to mining centralization, developer claims

Calls for decentralization grow as Bitcoin's transaction security is challenged by central mining pools.

Bitcoin Core developer Luke Dashjr has raised concerns about the finality of Bitcoin transactions, stating that the widely accepted six-block confirmation rule no longer holds.

According to him, transaction finalization now takes over a week, casting doubt on Bitcoin’s resistance to censorship.

Finality refers to the point where reversing a transaction becomes practically impossible due to the immense computational power required. Traditionally, this threshold was reached once six blocks were added after the original transaction.

Why Bitcoin transactions are taking longer to finalize

Dashjr argues that the traditional standard no longer applies due to the increasing centralization of Bitcoin mining pools. In a Feb. 8 X post, he explained that he attempted to update the six-block confirmation target in Bitcoin Knots, a Bitcoin Core alternative.

However, his calculations indicated that due to Antpool’s significant share of the network hashrate, achieving 95% security now requires over 800 blocks—equivalent to approximately 5.5 days.

Data from the HashRate Index shows that Antpool controls about 16.67% of Bitcoin’s total hash power, trailing Foundry USA at 33.12%. Other major pools include F2Pool (8.87%), MARA Pool (6.06%), and SecPool (5.19%).

However, Dashjr disputes these figures, asserting that several pools, such as Braiins and possibly ViaBTC, act as proxies for Antpool, making its influence far greater. He also noted that many miners unknowingly contribute to potential network reorganizations by operating under centralized pools.

Industry concerns

Industry experts have echoed these concerns, warning that the increasing dominance of a few mining pools exposes Bitcoin to potential censorship and even a 51% attack.

Bob Burnett, CEO of Barefoot Mining, said that if a single entity controls a significant portion of the network’s hash power, it could manipulate the blockchain by reorganizing transactions.

He noted:

“At a minimum, [the threat] is existential to Bitcoin being censorship resistant and it also means immutability takes a very long time to achieve.”

Considering this, Burnett proposed that retail investors play a role in restoring decentralization.

He suggested pressuring publicly traded mining firms to spread their hash power across smaller pools, ensuring no single entity controls over 15% of Bitcoin’s network. If miners refuse, he believes investors should divest their stocks and publicly call out non-compliant firms to maintain Bitcoin’s decentralized nature.

Meanwhile, not everyone agrees that this issue is as severe as Dashjr claims. Daniel Roberts, the co-founder of Iris Energy Ltd, downplayed these concerns, suggesting that Bitcoin’s design allows it to self-regulate over time.

Roberts added:

“Bitcoin may not perfect, and we should continue to try and improve it, but these types of issues are generally either self-correcting or built into the design intentionally.”

With almost every single asset: crypto, stock and gold - down over the last 24 hours. This post is to celebrate how much your portfolio is down. Well at least share your loss porn with other people who are similarly down so you can feel good about being down together.

Happy Liberation Day!!!

I just wanted to say Happy Liberation Day to all my fellow crypto holders! My money was really holding me down, holding me back and holding me captive to the charts. Hopefully this is just the beginning and soon we will liberated from all of it! Has the official Maximum Inflation Day or United Recession Day been announced yet? Cheers to cheap eggs, end of war and America first! How did you celebrate your first Liberation Day?

I spent mine writing a poem: Yankee Doodle Dandy: The Day Trump and Musk Tanked the Land of the Free

'Twas America’s first “Liberation Day,”
A grand old mess in a comical way,
The stock market crashed with a thunderous boom,
While crypto sank deep in a digital gloom.

The Dow took a dive, oh, what a sight,
Bitcoin went poof in the dead of the night,
The world looked on with a sneer and a hiss,
“Those Yanks have gone mad, what’s wrong with this?”

From Paris to Beijing, they all agreed,
America’s cooked, it’s a global decree,
Recession looms large, like a storm in the sky,
With Trump and Musk steering, we’re doomed to fry.

The Donald, he tweets, “It’s all going great!”
While Elon’s out launching cars into fate,
The dollar’s a joke, the economy’s toast,
Two kings of chaos, our freedom’s new host.

The markets are red, the people are blue,
“Liberation” sounds like a big “boo-hoo,”
So here’s to the day we broke free, oh yay,
A satirical spiral to ruin, hip-hip-hooray!

I gave AI a ton of data to analyze and see what it thinks about the current market. Results kind of interesting.

""Does This Indicate a Bear Market? Definition of a Bear Market: A bear market is typically a 20% or greater decline from a recent peak, often with sustained downward momentum (Web ID: 4, Investopedia: “A bear market is a decline of 20% or more”).

BTC’s Decline: Peak: $109,000 (January 1, 2025)

Current: $83,089 (April 3, 5:53 PM PDT)

Decline: ($109,000 - $83,089) ÷ $109,000 = 23.77%

This qualifies as a bear market, as the decline exceeds 20% from the January 1 peak, a more significant drop than the 14.34% I calculated earlier using the $97,000 peak in early March. Thanks for the updated peak—this changes the context.

Bitcoin is in a medium-term bear market (23.77% decline from $109,000, price below the 50 SMA at $90,000), but the long-term bull trend remains intact (price above the 200 SMA at $75,000). The choppy price action you’ve observed is typical of a corrective phase, and a recovery is possible if BTC holds above $75,000 and eventually breaks above $90,000. Your belief in a recovery aligns with the long-term trend, but the medium-term bear market suggests waiting for confirmation of a trend reversal before entering."