If I didn't like Bitcoin I would hate him. TBH I find a lot of him embarrassing. "Back tested strategy" is akin to saying "past results **are** indicative future performance". IDK how leveraged he is, different people say different things, but I'm not a fan of that either. I don't listen to him that much but most of what he says is about money go brrrrr not why the world would be better off under a bitcoin standard or why the current fiat standard is crumbling and unsustainable. Different strokes for different folks.
Banks DO do it. Look at SBA loans, they did average 6 - 8% in most cases (now likely higher) and their collateralized by a liquidatable asset. Sound close to the yield most were giving for stables huh.... Let's try cryptos, banks where getting anywhere from 3 - 4.5% on mortgage loans (also now tethering in the 5.5 maybe 6range now) and are collateralized by the purchase asset. Sound similar to what was being given for BTC and some reasonable alts. Now, some banks (or most, IDK) agregat these loans and sell them to other banks typically up the "bank food chain". But where is all that profit going??? PnL sheets of the bank owners / investors while a savings account (which our funds they lend) earns fractions of a fraction. I'm not saying what these crypto loan companies where doing 100% legit as even some banks fail, they just don't haven't displayed the proper risk avers strategies necessary. This hardship event will forge a new kind of lending model I can assure you, and hopefully we see more funds insured with something similar to FDIC.
IDK, I still like the comfort of a bigger screen. But I agree about the waste. I got a stack of old broken laptops, there's nothing to do with them, they're basically bricks. It sucks. I even tried revive a screen there, some other parts there... always ended up with a fancier shitty brick.
I would think that at a certain point, due to the increased industry adaptation of crypto as financial instruments, the volatility will go down. The risk should become distributed as crypto becomes a larger and larger part of financial commodities, right? IDK about that really, not an economist. Right now, the use of crypto (as far as I can see) is mostly as an investment in it's long-term potential and as direct investment in best emergent use cases. So, DeFi has been the most exciting emergent use case that I can see, and certainly the one that's seen the most speculation. We've seen a major problem with DeFi in particular, with centralization and faulty logic seemingly the main culprits of the loss of value. The popularity of centralized entities/scams should be acknowledged as a fundamental misunderstanding by investors in what crypto promises. I think this crash is more about DeFi than crypto in general, which makes it possible that high attrition occurs in the DeFi sector specifically due to the problems in multiple projects (although fundamentally sound DeFi should remain). I think it could be somewhat separated from the need for L1 trustless consensus, which may mean that L1s in general might rise relative to the DeFi tokens in terms of relative marketcap, even if this is a long bear market.
IDK about bitcoin long term, but with ethereum layer 2 (and eventually layer 3s), we have real use cases going forward. Digital ownership is a huge opportunity. People don't understand that what is happening is very healthy long term for crypto. Tether needs to depeg. SOL, ADA and the doge type shitcoins need to go away. This will consolidate projects into the worthwhile ones. I think this will go much lower until at least late fall. It will take time after that for macros to improve. This will shake the gamblers loose. Yes, this isn't a totally healthy market cycle because the ATHs and this bubble was created by the fed, but the longterm prospects are there as long as the government doesn't get involve and stunt the growth with pointless regulations. I'm going to wait to start buying again until macros correct, but the future (longterm) is bright.
Because fork isn't a decision made by some central commitee and forced upon the users. If, IDK, Vitalik decided that eth will fork, but no one listened to him - nothing would happen. Speaking of Vitalik, he wrote about this: [The most important resource is legitimacy](https://vitalik.ca/general/2021/03/23/legitimacy.html) > In early 2020, Justin Sun bought Steem-the-company, which is not the same thing as Steem-the-blockchain but did hold about 20% of the STEEM token supply. The community, naturally, did not trust Justin Sun. So they made an on-chain vote to formalize what they considered to be a longstanding "gentleman's agreement" that Steem-the-company's coins were held in trust for the common good of Steem-the-blockchain and should not be used to vote. With the help of coins held by exchanges, Justin Sun made a counterattack, and won control of enough delegates to unilaterally control the chain. **The community saw no further in-protocol options. So instead they made a fork of Steem-the-blockchain, called Hive, and copied over all of the STEEM token balances - except those, including Justin Sun's, which participated in the attack.** > > The lesson that we can learn from this situation is this: Steem-the-company never actually "owned" the coins. If they did, they would have had the practical ability to use, enjoy and abuse the coins in whatever way they wanted. But in reality, when the company tried to enjoy and abuse the coins in a way that the community did not like, they were successfully stopped. What's going on here is a pattern of a similar type to what we saw with the not-yet-issued Bitcoin and Ethereum coin rewards: the coins were ultimately owned not by a cryptographic key, but by some kind of social contract. How does it mesh with "code is law"? Well, if market cap of eth is $1T, for example - "community" is not going to even think about forking because someone was tricked out of $100M. If someone tricks people out of $0.5T on the other hand, and basically gains half of the wealth available... well, people might. It should be obvious - even if forking was impossible (which is logically nonsense), people might always stop giving a crap about ETH at all. And then they ~all leave. And market cap drops to ~0. That's always a possibility. Code is law _within the protocol_. Actions like forking (possibly branching from earlier point in time, and in doing so basically rewinding time to an earlier point, which is doable with the blockchain.\*) are extra-protocol. \* but something like undoing a single transaction which happened months ago, leaving the remaining ones intact **isn't** easy. Which limits scope of these extra-protocol operations significantly ------------ > **Legitimacy** governs all sorts of social status games, intellectual discourse, language, property rights, political systems and national borders. Even blockchain consensus works the same way: the only difference between a soft fork that gets accepted by the community and a 51% censorship attack after which the community coordinates an extra-protocol recovery fork to take out the attacker is legitimacy. > Why is it that Elon Musk can sell an NFT of Elon Musk's tweet, but Jeff Bezos would have a much harder time doing the same? Elon and Jeff have the same level of ability to screenshot Elon's tweet and stick it into an NFT dapp, so what's the difference? To anyone who has even a basic intuitive understanding of human social psychology (or the fake art scene), the answer is obvious: Elon selling Elon's tweet is the real thing, and Jeff doing the same is not. Once again, millions of dollars of value are being controlled and allocated, not by individuals or cryptographic keys, but by social conceptions of legitimacy. > **Legitimacy is a pattern of higher-order acceptance. An outcome in some social context is legitimate if the people in that social context broadly accept and play their part in enacting that outcome, and each individual person does so because they expect everyone else to do the same.** > In any context where there's a coordination game that has existed for long enough, there's likely a conception of legitimacy. And **blockchains are full of coordination games. Which client software do you run? Which decentralized domain name registry do you ask for which address corresponds to a .eth name? Which copy of the Uniswap contract do you accept as being "the" Uniswap exchange?** Even NFTs are a coordination game. The two largest parts of an NFT's value are (i) pride in holding the NFT and ability to show off your ownership, and (ii) the possibility of selling it in the future. For both of these components, it's really really important that whatever NFT you buy is recognized as legitimate by everyone else. **In all of these cases, there's a great benefit to having the same answer as everyone else, and the mechanism that determines that equilibrium has a lot of power.** > Cryptocurrency is powerful because it lets us summon up large pools of capital by collective economic will, and these pools of capital are, at the beginning, not controlled by any person. Rather, these pools of capital are controlled directly by concepts of legitimacy.
You don't have to care. Other people caring give it value along with other reasons. Hopefully nothing bad will happen to any of us. One of the reasons Bitcoin has value is because of this. Bitcoin exists as a plan B if a financial system fails. If it fails, not only banks prevent you from accessing your money, you also cannot purchase another currency through banks. A chance is better than nothing. You can just store your Bitcoins in your head. Memorize some words, that is it. As long as you don't forget a single word, you can access it anywhere with internet. Or [without](https://blockstream.com/satellite/) internet (IDK if that actually works). Eventually a market will develop for cryptocurrencies. You can see some adoption in countries like Venezuela like this.
It would literally be a free-for-all reset. A global disaster on this scale…no one would be thinking stock market, they’d be thinking survive. Then long time later, it maybe a considered. But again, how accurate? IDK? Not very would be my guess.
Wait, so you took out a loan of 15k at 6 percent to buy BTC at 38k, and now you are doubling down? Taking out an even higher loan to buy more BTC? IDK if no one else is telling you this, but you are fucking up, hardcore. I'm honestly surprised 139 dipshits updooted this.
Stupid question, maybe, but, wouldn't the Blockchain be a terrible thing for anyone who wants to, IDK, buy some illicit material or pay form some shady dealings? I envisioned BTC as something that kept private transactions private? Seems like kind of a bad idea to let the whole world know what you're doing? I know, dumb question. Also, the plain and extremely simple reason why USD has any value at all is the PetroDollar and the fact that if you try to buy oil not using the PetroDollar, the US will kill you. What threat keeps BTC valuable? Will any nation kill you if you don't use it?
>I think most people would prefer slow and steady gains IDK every time I argue with a crypto bro they tell me they’ll be a millionaire overnight any day now. It seems like most people are hoping to ride the pump, sell at peak, and let some other poor sucker hold their bag.
It does seem that way, everyone is calling it a scam, saying its dead, telling you to sell everything. That is usually the sign, the only thing that concerns me is the macroeconomic picture right now, BTC has never really gone through a major market downturn, so IDK if we might break some of those rules. But Im still confident it will be back, and maybe sooner than people expect.
ehhh IDK... the black swan event in MAR 2020 caused BTC to down to 3.5k at some points. that's a pretty hard push. the Black days of BTC in 2019 were 3.6-3.7 at the lowest. There was ALOT of new money that flowed in 2020-2021 I don't think we will see below 10k. if so. id expect to see BTC go to zero.
On-chain worked when it was just little guys investing. The world and wallstreet and every bank and government is in on it now. Deep pockets to endlessly tank and tied to the rest of the worlds markets. as BTC becomes a dominant industrial standard tied to Energy, Credit, and Inflation the on chain analysis may work better. IDK
Is this the beginning of the end for crypto and will the central government finally get its way? On the other hand, am using the arcmarket platform, and converting to fiat is no question. IDK? But why couldn’t they all just do the same?
>There are plenty of newbie investors writing fud from their mom’s basement, but that’s because they don’t have consistent income in the first place. IDK man, I mean if they sell their comic books and other junk online, they could use that to gwt a few million satoshis. A consistent income isn't really that necessary. Even odd jobs like mowing someone's lawn or detailing cars on the side, anything counts. As long as they're thinking long term, having 0.01 BTC is better than 0 BTC.
“It’s just not practical to let 3000 staff choose their own pronouns on slack” … unless it were somehow IDK… BUILT INTO SLACK!!!! https://slack.com/intl/en-gb/help/articles/1500011115781-Manage-pronoun-and-name-pronunciation-display-for-member-profiles c’mon Jesse, c’mon Kraken…
https://www.hhs.gov/hipaa/for-professionals/special-topics/health-information-technology/cloud-computing/index.html Blockchains break two aspects: 1. Manner in which data will be returned to the customer after service use termination; 2. Use, retention and disclosure limitations There's also the matter of encrypting the data and verification of the encryption, which I'll admit IDK if a blockchain can do without unencrypting it first, which breaks protocol. In addition, encryption does not maintain the integrity and availability of the ePHI, such as ensuring that the information is not corrupted by malware, or ensuring through contingency planning that the data remains available to authorized persons **even during emergency or disaster situations**. A blockchain cannot make these assurances of availability during instances of lack of internet access. Bottom line, don't fuck with PHI or HIPAA especially with blockchain tech.
HOLD. A big mistake investors make is " I have to do something ! ". No you dont, Unless you need the funds for food and shelter, leave it. This has happened before and it will be back stronger. When ? IDK nobody does. But it will.
Not me. I was thinking hard about it after reading all the fud. But there is so much fud going around all the time I just thought it was people spreading misinfo. I also almost sold around $55k because I thought I should divest while it's high, but I got greedy thinking we'd see a third top like a Wyckoff pattern. IDK why I have to learn these painful lessons once every 4 years!
What got me was the double top. Everyone expected $100k, and it topped so early, crashed, then topped again at the ATH. IDK why I thought that meant it was done with the cycle and was just going to become steady like the stock market.
> the more I’m thinking this was a conspiracy! It seems that he was planning it… IDK what the truth is, but you must admit that acting like a moron on Twitter for years and years gives Kwon the perfect cover to do sinister stuff without being suspected of being smart enough to have planned it. “The greatest trick the devil ever played was convincing the world that he ~~did not exist~~ was too busy making "yo mama" jokes to do evil.
As much as this is great they also just take whatever fucking company will pay them HUGE amounts of money. They have [crypto.com](https://crypto.com) as one of their main sponsors. & IDK if you remember that fighter coin rug pull. It's just bad publicity. Nobody finds comfort in the UFC being a crypto innovator.
IDK how they structured this (the article does not say). But if the NFT was issued by a company, and that company spent the 1.4 million in good faith then its not a rug pull when it folds. I imagine we'll see a lot of honest failures in this space in the coming year. Anything that made an initial underwhelming sale but promised unending, but poorly defined free stuff is not going to be able to fund that free stuff indefinitely. Its a pretty simple calculation. Buyer beware.
The people with only 9k down can't afford a FHA loan for 300k. If you can afford 3k a month for a home then you are smart enough to wait until you can do a conventional and not pay PMI. IDK how much you know about home loans but the PMI on that alone would be almost $500 a month. Also single family owners are not what's causing the price boom in homes. The lack of supply due to massive funds like BlackRock buying up homes to rent out while speculating on price is what has been pushing the market up and up for years now. So unless BlackRock and others dump homes the price won't go down.
Let's go. So how is Ethereum's tech superior to Cardano's? Accounting model with global state vs eUTxO with local state? Obviously the latter. OOP language vs functional for smart contracts? Again, the latter is better for applications where you need maximum security. Blockchain is the place where you need this security. Where's Ethereum POS? Even when it's there, do you know it has lock period? Do you know what it leads to? People will be staking on platforms like Lido which leads to concentration of stake in the hands of one institution = centralization. ​ Look, Ethereum's done great things, I respect them. But to say they are better, because they rushed to the market instead of designing the system well from the first try... IDK, you do you.
IDK maybe KDA i know its early but that blockchain can scale like no other if the info on it is true.. or EGLD...But in NFTs and fundraising i think the next blue chip is definitely AngelBlock..the way they're entering crypto fintech, sounds pretty innovative to me after reading their whitepaper..No wonder some of their nfts jumped 150x in a day, from 0.069 ETH to 10 ETH in some cases, wild..not even bayc did that
Tether, Everything is Tether, sing it with me Everything is Tetheeeeerrrrr Will it blow up this year, next year? IDK but it’s going to blow and that’s when you buy and that’s when they’ll enact actual regulations and we’ll see where we are
Epic bull trap from bored rich people who cant do stocks because their market isn’t open. Or i suppose you could call it a coincidence that we got magic money flowing in while the stock is closed. IDK shid about fug but this id bet on.
I dont want to get rich, thats not my attitude Im farely young would say. I started my pensionfund on my 18th while not even working. I had enough savings to invest monthly in the fund for years. Though at the end when im 65 i will have safed around 50k euro. Lets say i have 10k in it invested already. A number that stood me by was that i would receive an additional 200k, which is a rediculous number cause i started at 18. Though, i doubt by 40 years (lets say 2060) I would get that actual money and i doubt if it will be worth something then. What is the guarantee Euro still exists then, i have serious doubt. While i think you cant kill bitcoin by that time period, thus better to invest in bitcoin. Im just thinking the 10K i would invest now would be worth a lot more in bitcoin, or sats by the year of 2060. Instead of the 50k i would have safed end receive it them. Still need to look in numbers, but the anual growth of the fund is around 3 percent yearly. I think thats where the 200k comes from, IDK. The one positive effect of the fund is tax reduction. Each year i get 1/3 of the investment back. So need to do some calculations for that too.
truth. i was being a bit ferocious. But after buying some at 15K, then for a year watching it sit at 3k-ish, then all of a sudden it's 69k, IDK, 30K is not horrible. I don't think it will go much lower, there is too much corporate money involved now, so i still expect to retire well in 20 years. I'll throw a few Ben's here and there, but, if it is gonna be what it's supposed to be eventually, my .25 will suit my retirement just fine. I woulda drank that money anyway. So no biggy. Not like you need to dump your life savings in. My same thoughts were with GME/AMC a couple yrs ago, i figured, why not, here's a double-digit of shares just for shits and giggles. I don't do vegas or any gambling much, same difference i guess, to me, but, really what's a couple-few grand on something that has the potential at least? I dont even talk about it with anyone, fam, friends, etc, maybe a few here and there, but not shilling to anyone. It either will or it wont... The ones dumping everying and risking everything are a little silly in my opinion. If you believe what will/may happen, then there's a point where it really doesnt matter and makes no sense to go all in.
I’m not sure if you make 5000% gains buying alts and hodling while they go down 50-90%. I think you make those gains by buying them after they’ve already stopped falling double digits every week or month. IDK maybe I don’t understand how this works.
Did I do Crypto right? Several months ago, I put like $270 in a few coins after someone told me they put $180 in SHIBA and it rose to $680 in a few months/several weeks. Since my investment it's lost. $180/160 just the other day it was like $132 and just checked $90. Where are my GAINS 🤣🤣😂😂. IDK I was told to put it and leave it. So I periodically check it. Idk if I'm doing it right, don't judge me😒
Yes - but not if you change the narrative of what you invest in every few years. First it was accumulating of what could be the future of money, then people realised that BTC is too slow for general transactions and then switched the narrative to it being a great replacement for gold and so on, then needed reasons to why you would want to move away from gold and started hypothesising that it’s a much better inflation hedge because it accumulated a lot in the “easiest” period of the last few decades and now that inflation actually hits and it just ranks like any other equity instrument since someone at one point had the idea of backing up crypto markets by stablecoins that are backed by corporate debt. Now you get people scrambling to come up with their own definition of inflation since they are used to being able to just kinda define stuff as they fit (metaverse, decentralisation, utility, etc, why not also inflation). And all the privacy stuff is swung around while about pretty much everyone and their mum couldn’t care less about it.Everyone wants to “buy the dip” and “be early Investors” and then get out again, that’s why Doge etc has so much daily volume. And the development side of things is also not much better. You know how the annoying part of the job, writing specifications, stakeholder management, having an actual purpose and trying to achieve that specific purpose with a PM and whatever PM technique (agile et. al.) you want to achieve and don’t developers just float freely? You’ll have a lot of great code that doesn’t really achieve much for the actual target. Could I rewrite this brokerless and achieve a better average latency together with a better general stability? Yes. Does it take long? Yes. Does it from the engineering point of view make the product better? Yes. Does the client care? IDK, ask him, I’m sure he will be amazed. Or that one dude that decides to rewrite the rest of the IPC stack with stateless functional programming. Again, great. Does it really contribute to the use case? Don’t know, don’t care but look at how near the code now looks! That’s sometimes the feeling I get when I read new improvements and features on some blockchains, like, sure, that sounds great but what requirement is that coming from? Who asked this? What specific client does not want to join unless this or that is there? You hear big plans about “creating the future of money” or “replace banks” and not a single guy tries to figure out what the average person wants from the product when the question is to leave the banking system. There is now close to 20.000 blockchains, more than there have ever been currencies in the human history. Stop writing lambda calculus, start talking to clients.
I guess, idk. I was always into trading, but IDK if i woulda seen the value in HS. College however when i was taking Econ, thats when i saw the light. unfortunately Bitcoin barely existed when I was in college much less talked about in a larger setting, and i didnt hear about it until 8 years later. Still all i
It takes emotion out of the equation. It is extremely difficult to time the market, so if you just always buy on the 1st you don't really care about the price/timing. Yes, IF you manage to time everything correctly you will beat out a DCA strategy, but that is a big IF. Also, DCA is quite common with stock and materials investing, so IDK why you say you don't see it with other asset classes.
Slavery was obviously terrible. I was referring to how the limited government led to significant economic growth, innovation, and opportunity. IDK exactly what you mean by patent medicine or if that existed in early America. If you're referring to the high cost of modern pharmaceuticals in America, that's largely due to government regulations that forbid us from importing medicine. A lot of drugs are developed here (with the help of taxpayer money), sold cheaper internationally, and sold for more here bc they can and don't have to compete with their own international prices. The USA basically subsidizes drugs for the rest of the world. Medicine in America is far from a free market, if that's what you're getting after. I would also argue that patents are a somewhat debated topic in libertarianism.
Green market open on Monday. Tuesday IDK? Fed meets Wednesday. They have already made an announcement, but will probably have something stupid to say after the meeting. Q1 GDP numbers expected Thursday, and they could be bad or good. Lots of retail earnings ahead this week, expect them to miss all over the place. Red by Friday. That's the week ahead in the U.S. economy.
IDK what an OG is but i bought my first BTC (0.10) on eBay for about £30. After buying juuuust shy of one Bitcoin i got bored because i wasnt rich and had no way to spend it. Came back a couple of years later, cashed out and bought a motorbike. Sold said bike and forgot about about crypto. Came back again when Doge was mooning, checked the remains of my BTC wallet and found that the tiny amount i didnt give a crap about 2 years ago is now worth £600. I took that, day traided it down to maybe £450, went all in on a cetain token and now here i am, DCAing booze money every pay check and I am chuffed to fuck lads. What have i learned? Hodl - DCA - Stake. Sorry :(
Literally what technology? It's slow and inefficient, a privacy nightmare, and does nothing that can't be done cheaper and faster. It's overvalued at current prices, and possibly propped up by printed tether backed by hopium. People are realizing this, IDK, it might be over.
IDK man I'm stillwaiting for monero to be listed. Also they were pretty late to list doge coin. I don't usually care about it. I only use them because I live in a tyrannical state but the fact that I can withdraw means that I don't need them to list anything. I can just withdraw BTC or USDC and use it on anonymous exchanges with a VPN.
IDK if the non-wealthy retail investor can in the U.S. on a regulated CEX. The best you might be able to do is go short on BITO and stocks like COIN, because if USDT blew up like UST/LUNA did, those would get hammered.
I feel pretty good, I look at prices and I think yeah that seems about right for etc and btc. I guess I'd be more bummed out if I had a need to pull money out or I had more in a collapsed coin. IDK, it's all a bit melodramatic to me.
30% drop in price since first ATOM purchase ranks high on my list. IDK about Matic as much but ATOM seems incredibly tied to BTC. Most of the time you need only look at BTC chart to know how ATOM is doing but of course it's far from the only one that behaves in that way.
It's simple. Take out a $100k HELOC, stake it at 20% APY. It's free money! Where's the risk? "Stable" is right there in the name, so there's no need to worry about that crypto volatility. As a matter of fact, since I know about this now, every minute that I'm not doing it and every dime that I'm not doing it with actually *lost* money. That's what opportunity cost means, right? IDK, that econ class was a long time ago.
It's because you moved such a small amount. Same fee no matter what the withdraw. So, if you move $10, they might take $2.... for example. (20%) But if you move $10,000 , it's still $2. Those are example fees. IDK what the actual number is.
LRC has so much more utility than the NFT marketplace for Gamestop. Its a whole ass exchange, the token is going to let you swap any crypto for other crypto or fiat for low fees. That's why I like loopring. How lowering fees is going to increase the price of the token IDK, but maybe its utility (gamestop nft market place with in game items, virtual real estate etc.) outside of that will.