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ANZ the first bank to mint an Australian dollar stablecoin, the A$DC
Tether has over $68bn under their management and just 13 employees. That's a record, the previous record holder was Bernie Madoff's ponzi scheme with $50bn under management and 25 employees. Isn't this concerning given Tethers refusal to be audited?
Tether has over $60bn under their management and just 13 employees. That's a record, the previous record holder was Bernie Madoff's ponzi scheme with $50bn under management and 25 employees. Isn't this concerning given Tethers refusal to be audited?
👟AdidasCoin $ADI – FRESH Launch w/ Upcoming Promotions! DO NOT MISS THIS🚀🚀
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tldr; Benjamin Cowen, CEO of Into The Cryptoverse, suggests that a crypto bull run may be near based on key indicators. He highlights the total crypto market cap fair value logarithmic regression trendline, which shows potential for significant upside momentum. Historical patterns indicate that breaking above the mid-line of this trendline has coincided with past bull runs. Additionally, the Advance Decline Index (ADI) is reversing to align with the market cap trend, signaling a possible market rally. However, traders should also consider macroeconomic and sociopolitical factors. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
I need HELP buying BTC securely for the first time. I’ve been wanting to purchase btc for a while and I was researching how to securely buy it too. I don’t have much time right now to slowly go about it and need a step by step guide to do so. I don’t have much time because I might not have a place to stay since my sister is kicking me out the house. So far I would go about buying btc this way: 1. Make kraken account, activate through KYC verification. Buy $10 worth of btc. 2. Buy 2 jade wallets from their block stream site. 2 because I intend to get 3 in total of wallets because I read people do this and from my understanding it’s to reduce risk of disaster. The other is trezor wallet but I can do that in the future later. 3. Get the jade wallets. Test both of them to see if they work properly by sending and transferring out btc from the $10 I spent on kraken earlier. Also test the seed recovery thing to see if I can transfer my wallet over to one jade and vice Versa. 4. If all things are working then I will purchase $15k btc and transfer to 1 jade wallet as my main for now and dca from there of $500 or $1000 weekly and transfer at the same time to the $15k jade wallet or the second jade wallet to even the quantity out. When there are dips I will spend up to $50k if I have the money. • My concerns in this area is what the max recommended quantity I can purchase, transfer in and out of both kraken and the jade wallets. I can’t recall exactly whether it was the quantity of btc purchased on an exchange, the quantity of transferring out the btc from the exchange into a wallet or the quantity of transferring out btc from a wallet that was the concern. I think the idea was to keep a low profile on how much you own… • I also have researched about some security areas. I need to create as much of 2 identities as I can. With an old phone I don’t use specifically for crypto. 1. When I make the kraken account I will use an alternate email and password specifically for the kraken account as well as a new phone number. 2. Since when using my everyday bank with kraken to deposit funds, this will link to my everyday email and contact. I will reduce risk of any scam by creating a new bank account with an ADI (authorised deposit taking institute, basically another bank) of my everyday bank account. This means I need a new phone number, email, etc. I will also use an old phone I don’t use specifically for crypto. I will also need a mobile data plan for the phone. 3. In terms of keeping my seed and private key safe I will write both down on their own sheets of paper. I will keep ‘1’ copy of each. I have heard people do 3 and also keep them off site, different places, safes - should I go this far to do 3 copies of each? I would prefer 1 copy though…let me know. I will also use a strong secure safe for 1 of the 3 copies and keep it on site. I will keep this specific copy in a fireproof folder, within the safe too. Furthermore I am wondering, if I do go for 1 copy outright of the key and seed, I’ve heard of people getting it engraved in metal or something. So that’s another idea. Let me know if I should add or remove anything and what I should basically do now and or do later on in terms of all this and any more ideas. I do have to say also that I lost a lot of money on the FTX scam (long story) so this is why I am very cautious now.
The trial was conducted in February at a Tokyo luxury hotel to determine how digital identity and biometric authentication could speed up hotel check-in times. During the test, individuals checked into the hotel with digital credentials for their COVID-19 vaccination certificate, hotel membership status, and reservation information. Hotel staff members were able to quickly confirm and process each reservation, eliminating paperwork and the manual validation of multiple health documents. The trial made the registration process 20% faster, improving both guest experience and staff operational efficiency. “This was a very successful trial,” said Manabu Natsume, Director of Security Business Innovation Division, Hitachi, Ltd. “In the future, Hitachi will continue to develop new services that combine digital identity and biometric authentication to drive digital transformation and improve customer experience.” “This trial was a great example of the applicability of accountable digital identity to the hospitality industry,” said Ramesh Kesanupalli, Co-founder, ADI Association, and CEO, Digital Trust Networks. “Nothing is more important in the digital world than the security of an individual’s identity and the privacy of the data attached to that identity.
I agree, other than DAI. DAI has proven to be very stable, backed by a minimum of $1.30 worth of assets for every 1 DAI that exists (though last I checked, it was way over collateralized at $2.5/1 ADI), and it's extremely secure. There is no 3rd party audits that need trusting outside of code security audits, and if DAI ever does drop, you can liquidate it for a profit. Basically, and this is over-simplifying, if DAI drops to, say, $0.90, you can turn 10k DAI into $11k of USD worth of crypto, and this process is part of what gives it that upwards power. By taking advantage of this, you are helping push the price back to $1 So with DAI, it's advantageous to be in a losing scenario, which is why it's always near $1 But yeah, of the other coins, they aren't a good long term hold. If you held them for 10 years in a row, there's a very good chance that at least one of those pairs will depeg from real-world phenomenons such as the company not actually backing its goods and being caught in a audit, or being fined by regulars an amount that requires them to dip into the reserves or something. DAI is the only one without that fear that has substantial backing. The only way DAI fails at this point is if the crypto market itself fails. I'm talking drops day after day after day that exceed the max amount the oracle will say a asset dropped. If Bitcoin, Ethereum and USDC all dropped by 21% or more, in unison, every day for weeks on end, it would start to depeg. And I don't just mean "bear market", I mean Bitcoin going from $30k to $1k 10 days time of hyper crash levels. Even a 20% decrease every day wouldn't depeg it, it's that magic 21% that throws off the oracle IIRC, and only if the collateral reaches below $1/1 DAI while having these -21% day after day change would break it
because adidas has no token, if it did ... ADI to the moon!