LSD

Josh_chil

LSD leads to weird dreams.

A_Wizard1717

LSD day instead even better

Far_Statement_2808

Well then, I am selling the house and going all in. Wait..,.LSD is telling me to sell my crypto. Now I am confused.

TelevisionKey3891

Posted this story on another thread also My friend I played football with(he was conference player of the year in 05, quarterback)from high school showed up at my door in the summer of 2013 with a suit on and a briefcase in his hand. I asked him what was going on. Last I heard, he had got arrested for a lot of cocaine and was kicked out of law school in Charleston. He told me, "I'm on a whole nother level now," and proceeded to open the briefcase, pull out a laptop, and show me the Silk Road website. He had a balance of 587 Bitcoins. Bitcoin was trading at $187, I remember. I'll never forget seeing that. He was a vendor on there selling something called 25CI(a knockoff of LSD, 1/10th of the price, but just as strong). He showed me how he was in the top 1% of vendors with over 900 confirmed transactions and 1 bad transaction. I asked. "What was the 1 bad transaction?" He said."Some dumb chick in Russia sent me the wrong address, and her 10 sheets went somewhere else." Unfortunately, he ended up overdosing just 3 months later off of xanax and opanas he received in the mail from Silk Road. His mom found him dead on the couch.

TelevisionKey3891

My friend I played football with(he was conference player of the year in 05, quarterback)from high school showed up at my door in the summer of 2013 with a suit on and a briefcase in his hand. I asked him what was going on. Last I heard, he had got arrested for a lot of cocaine and was kicked out of law school in Charleston. He told me, "I'm on a whole nother level now," and proceeded to open the briefcase, pull out a laptop, and show me the Silk Road website. He had a balance of 587 Bitcoins. Bitcoin was trading at $187, I remember. I'll never forget seeing that. He was a vendor on there selling something called 25CI(a knockoff of LSD, 1/10th of the price, but just as strong). He showed me how he was in the top 1% of vendors with over 900 confirmed transactions and 1 bad transaction. I asked. "What was the 1 bad transaction?" He said."Some dumb chick in Russia sent me the wrong address, and her 10 sheets went somewhere else." Unfortunately, he ended up overdosing just 3 months later off of xanax and opanas he received in the mail from Silk Road. His mom found him dead on the couch.

OmeIetteDuFrornage2

If the halving happens on the 19th, we should all [take acid](https://en.wikipedia.org/wiki/History_of_LSD#%22Bicycle_Day%22) to celebrate

GentlemenHODL

2012 entry here, on the path to becoming a billionaire AMA. First BTC was around $20-30 range; for the silk road, psychedelics are the reason I found BTC. Thanks LSD & 25-i! Not only some of the best experiences of my life, but also got me rich! Bought ETH IPO. I've got 1000x on ETH and 150-300x on most of my BTC bought; initially 40k but then traded and multiplied my stack nearly 10x. I used to margin trade on BTC-E with free 3x leverage, those were good times. I made some really lucky trades but my biggest luck was not having my BTC locked up in trades when they exited the market, could have lost it all. Sucks the market was used for bad actors but that's the price you pay for freedom and open access; both the bad and the good get to use it! For those who don't know there was a major US driven operation to shut it down, apparently hackers were using the exchange to launder ill gotten proceeds. I have about 20% of my BTC left and have not spent a single ETH. Did add about 1500 ETH to my stack staking the past few years. I liquidated most of my stack at the top of 2021 (70M) and started accomplishing my dreams. Bought my dream house, started diversifying my investments (one of which looks like another 1000x!). Now I'm working on many amazing businesses that will have positive impacts on humanity. I'm very philanthropic and want to spend 90% of the wealth I generate back into humanity through charity work. Focusing on research/science/technology initiatives that will make the world a better place hopefully reversing some of the damage we humans create. With my wealth I have the ability to continue holding which even where I think that BTC/ETH are going this bull run I will still have low 9 figures in crypto. One cool thing I have is nearly a "complete" casascius set of BTC. I don't have the 1000 coin unfortunately (or the 500 BTC bar of which there are only 2 made) but I have one of each denomination and even a few variants. I did grab one of the empty 2FA "1000" coins from Charlie Lee that Mike Caldwell custom made for him so that I could visually complete my set. It costed 14 BTC which at our current ATH makes it a 1M purchase. I do have some little regrets there but I'm hoping one day I can find a crypto billionaire who will buy my set and give me a huge premium to pay back some of that lost BTC. The face value of the entire set in BTC is 4M at current ATH, I think it's not unreasonable for a 25% premium for something that is now unobtainable! If I had a dime for every time someone tried to tell me that there's no way I could "be a millionaire" from crypto lol. Funniest part is it happens most of the time on *this sub* when I call into question people's advice/statements. When I try to explain that I've not only made a ton of $$$ but given great advice through the years that have gotten many people in my life rich I'm shamed for being a liar. And what good is it to "prove" it? The incentives are negatively aligned there. I become a target for karma? No thanks. Fortunately I have a background in Network Security so I'm great with my OpSec; a little too good, almost lost my stack 10 years ago with a overly complex password! What's really sad is how much hate there is on Reddit for successful people. I would have been a multimillionaire without crypto, I was already on that path. But with crypto it gave me the seed capital to become a billionaire with my other pro-social & environmentally positive projects; I expect within 6 years I will hit that 1B goal. I will use that money to fund grants for research, giving hard working academics a path to success to create a positive feedback loop for all the wealth I've earned. I didn't make money bleeding others dry, or stepping on people's faces to lift myself up. I didn't invest into oil or play zero sum games to fuck others laughing to the bank. Yes crypto has impacted climate change and I don't feel great about BTCs energy generation. I'm happier with ETH and the switch to PoS these days. I wish BTC would do the same though I do understand the negative trade-offs there. But I bought my BTC back when cryptos energy generation was a tiny slice compared to today! It wasn't even discussed in the media until after 2017. I was around to mock Roger Ver on Reddit live, what a little bitch boy he is. I stood by the core devs during the hard fork wars and called out Brian Armstrong for being a corporate lackey (he was a big block guy). I told Jihan Wu that his mom was unfuckable. Had great conversations with Charlie Lee about LTC and Satoshi. I've had great discussions with early Bitcoin developers. I tried mining ETH and made some good proceeds, then sold the equipment for a profit. I've ran many full nodes and contributed back. Al around I'm very happy with the way I chose to spend my time in this ecosystem!

lycosawolf

I bought LSD with litecoin. Transaction happened very quickly.

donmulatito

Take some LSD

whereismyface_ig

They were in their 40s back in 2013. And yes, I still know ppl whom do MDMA, LSD, shrooms, still smoke marijuana, still drink liquor, in their 50s.

digitalassetz4all

> It has no intrinsic value Um, sir, its value was proven when you could buy a strip of LSD off the web

the-devil-dog

That was my first time with btc also. Hello LSD.

Cannister7

Not sure how much the LSD was back then, maybe $10? Anyway, just think of it like, we all had $10 back then and* *didn't* buy bitcoin. It's the same, we're just as stupid. Only difference is that I didn't know how to buy BTC. You just used it for its purpose at the time.

CaptainDr

I just got off the phone with the Bitcoin's CEO, CFO, MSG, and LSD. They say despite all these weak hands they are still planning on raising the price.

psybx

Here's some trivia for you. The British Pound Sterling (GBP) when it was introduced was literally 1lbs (the weight) of sterling silver = £1. This is why in "old pre-decimal" currency pounds were denominated as "L" (LSD - Pounds, Shillings, Pence) - the "D" was a throw back to Roman currency. That same 1lbs of sterling silver is now over £300. That's a debasement of 99.7% of the British Pound. Yes, I know this isn't entirely accurate as everything changed with decimalisation, and also silver lost it's role as a monetary metal, but it's kind of interesting to think about.

steele404

Try LSD / Mushrooms / DMT, together with the foundation and understanding of Bitcoin, and many other relevant topics such as social economics, politics, evolution, science, spirituality and beyond... And then your mind will explode in a way that so many new connections of understandings and bitcoin convictions are born within your synapses. Infinity is crazy... Bitcoin is crazy

Street-Dirt223

spent mine on alpha bay😭 LSD boiz

SnooRadishes6544

Yes but you had a lot of fun. I spent 80-100 BTC in 2012 on LSD ($240-$300) It would be $5.8-7.2 million in 2024 😂 Bitcoin breaks everyone's mind and it's easy to regret past decisions. Forget your past errors, forgive yourself, and have hope for an insanely abundant future you can't see yet. It's coming at you fast. You are not prepared.

UberTwinkle

I’m thinking maybe LINK can be copper? Sounds good to me. How much did you eat? I can’t eat more than a 15mg gummy lol. I can handle 600ug of LSD but as soon as I get close to 3mg of an edible it’s too much lol.

LessNeighborhood1671

First time i learned about Bitcoin was around time 2009-2010? I was on high school and making money with World of Warcraft. As I was broke and wanted to expand my “business” by botting, i found a bot called Honorbuddy where you could pay with Bitcoin, that you could actually mine on your laptop. I tried mining but it took too long to mine 20 btc on my Asus N10J netbook. 3 years fast forward (around 2012-2013) me and my friend got into the bitcoin thanks to Silk road and possibility of buying drugs like LSD and MDMA. We bought around 10 trips and 10 pills for like 1 or 2 bitcoin (at the time worth around 200-400 usd?). Since then I jumped back in at the mania in 2021 and I am DCAing till now every week.

reputablepanda

You are able to hold LSD token in a cold wallet if that's what you're getting at. Something like rocket pool eth can be held offline. The token just sit in the cold wallet and generate staking rewards.

centerovvoid

Spent hundreds of coins on LSD on Silk Road when I was 17…

mountoon

I spent many whole bitcoins on LSD one summer years ago

Key_Friendship_6767

LSD is what led me to bitcoin in the first place. We can never forget the reason we are here

Mebo101

In 2024 you would be dead or a dealer if you buy LSD and weed for $2.7m. Be thankful :)

Dealer_Successful

Paid 40 btc for LSD and Weed in 2013. Lol

mathaiser

I paid 1.6 million for some LSD. Best trip ever. Most bizarre.

Exotemporal

I paid 0.2 BTC in shipping for three tabs of LSD and abandoned another 0.2 BTC in my account balance on the original Silk Road. You're welcome US government.

Salt-Strategy-1692

I spent roughly 100k on magic mushrooms and LSD. 🥳

Silver_Information69

Exactly, I always find it funny that a large portion of bitcoin holders were long haired pot heads in high school/college who just wanted to buy some weed or LSD.

blockmebaby1moretime

In 2020 I bought a flat with internet money I bought 7 years before for peanuts, cause my LSD dealer got arrested and I found out you could get LSD on this Tor thingy if you bought this "bitcoin" stuff lmao

genesiscockblock

I ran the weed game at my school and most of my town, ateast for my age cohort back in HS. I had a group of friends from surrounding towns and together we had some excellent connects and some really good shit for the time. We just kept upping our weight and cornering the market at our selective schools until we became the supply, graduated from Oz to quaps to Ps weekly. Late my senior year we made our first orders on silk road. Despite being the best connected that we knew about, the shit we got sent to our door absolutely blew anything we had been selling out of the water. I still remember figuring out Tor and how to buy BTC and the elation of getting on the site for the first time. But that high paled in comparison to actually getting our first order. True Northern Lights from BC. Colas the size of your hand. The way it smoked, the high, the taste. It's taken me over a decade of collecting seeds from around the world, growing, phenohunting and cross breeding my own strains to even touch some of that stuff. Within a month we had basically put anyone else our age out of biz. It was just that different. Strawberry cough from Cali, NYC diesel that stunk through 3 bags, amnesia haze from Amsterdam that felt like an acid trip. God it was unreal. I shudder to think how much all that BTC would have been worth these days. But I didn't understand it back then, no one did. All we knew is the weed was so good we were pre selling allocations to it at one point. A great joy beyond what money could buy to be able to supply and introduce people to truly excellent medicine. An even greater joy to be a part of BTC history looking back. Also, while I didn't sell anything else out of principle, the molly from Amsterdam and the LSD we got was some of the cleanest shit I've ever tried to date. What a time to be alive and dabbling with fringe technology. Fun times, looking back it was all incredibly stupid, and im surprised we made it out unscathed with the weight we were pushing. We shut everything down and hopped out of the game before anything caught up. I now work full time in crypto and have since '17. To the public I always claim I found BTC then but it was Silk Road where so many of the industry professionals stories started. Looking back I have few regrets, hell, I'd probably do it all over again.

fallout_creed

LSD and shrooms in depression are a bad advice from my experience. Except low microdose maybe.

SaltyEconomics2759

LSD

4sh2Me0wth

I still have bitcoin from 2012 because Holland wasn’t gonna ship LSD and DMT to the US. When the price went from 150-850 i knew it was best forgotten about. Almost sold when it was at 12k. Forgot about it for several more years. I bet holland will ship them thangs now

coinfeeds-bot

tldr; In the last 12 hours in the crypto world, Vitalik Buterin discussed AI's potential in Ethereum's code verification and bug detection. Altlayer announced its Season 1 Airdrop Claim, Asymmetry is launching with a mechanism to use 30% of LSD vault ETH for Convex, Frax Finance hinted at a significant airdrop for $FXS holders, Heroes of Mavia's daily active users surpassed 300,000, Pixels will be listed on Binance, Tensorplex Labs increased its $stTAO cap, and Xai Games teased an upcoming staking launch. Additionally, Worldcoin's app users exceeded 1 million. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

unsane_sandwiches

LSD

Masterfiend

You realize that stETH is an erc20 right? Any LSD form of ETH that OP would have had from staking his eth would be an erc20 that could be signed away with a gasless signature approving it for some phisher. OP definitely got phished on some fake site or email this way. Recommend pocket universe extension on chrome to have these types of signatures explained in layman terms before you click sign.

AMasterSystem

How much LSD have you ingested in your life? Its awesome!!

SnooRadishes6544

I spent 80 on LSD in 2012 and in 2023 I spent 69 (lol) on hookers, cocaine, private jets, jewelry, hotels, rent, ubers, restaurants, clothes, entertainment, travel Buy and hold for the long term. It will break your brain.

1conflictedconfusion

I had ingested LSD at the time of posting this, and have undergone transformation throughout the process. I dont sense judgment, dont worry. Sending love, leo\_the\_lion. You are a lion in heart I can tell, otherwise yuo wouldn't have gravitated towards this name. great soul. remember to DCA into love, in addition to bitcoin if you so choose to.

Smiling_Jack_

First of all, know that in DeFi each smart contract required for some given strat comes with risk. Minting an LSD? There's a chance that smart contract could be exploited. Bridging that LSD to another chain? There's a chance that smart contract could be exploited. Using that LSD as collateral for a loan? There's a chance that smart contract could be exploited. Depositing that loaned crypto into am AMM? There's a chance that smart contract could be exploited. All it takes is just one of these to fail and you've lost it all. Back to your question, there's a difference between redeeming an LSD from the smart contract you've minted it from (which should be 1:1 plus the accrued staking yield) and what the trading price for that LSD is going for on the open market.

Staxu9900

Oh, any recommendations for a tumbler? I’m familiar with the idea, don’t know details. Ps. So you just buy LSD, which gets lost after certain amount of time?

Significant_East_504

Yeah. I know. I still wish I could find some though. 😭 I'm pretty sure the cops could care less about LSD these days.

SaltyEconomics2759

Yes I’m sure it is but I’m buying 1P-LSD which is in a legal gray area as long as I don’t intend on consuming it is perfectly legal to own in 47 states. Also after my coins leave an exchange I do tumbler so I can my privacy.

Regular_Chapter_788

Seems like everyone commenting on r/Bitcoin today is on shrooms or LSD

Regular_Chapter_788

>Are you .... on the internet after taking too many drugs ? The answer you are seeking is in OP's comment history. r/LSD r/schrooms To name a few

Holykorn

“Hello fellow dude do you know where I can score some LSD?” - NOT a cop

kuonanaxu

Chad spotted! Just keep buying as much as you can now because current prices are just a tenth of middle term price targets. I kinda see myself buying more ETH now though; probably because of the ease of liquid staking on SpoolFi, Pendle, RocketPool and all other LSD protocols. When will BTC have something similar?

guccidaglacier

I’m not sure why you’re bringing up Penn and Teller and second-hand smoke to me lol I never said anything about either. Regardless, cigarette smoking is the world’s leading cause of preventable death as well as the leading cause of preventable death in the United States. I’m guessing you missed the fact that tobacco smoke contains over 7,000 toxic chemicals, 98 of which are associated with an increased risk of cardiovascular disease, and 69 of which are known to be carcinogenic and the health problems that tobacco smoke causes. Smokers suffer horrible debilitating health problems before they die. Organic tobacco isn’t a solution either lol. The combustion of tobacco is what releases the toxic chemicals. It doesn’t make alcohol less harmful and I don’t think either should be illegal. People should be able to choose. Alcohol is a terrible drug and much more addictive than marijuana, LSD, mushrooms, and most other drugs. It is one of the few drugs that the withdrawal alone can kill you, not just the drug. I don’t drink or smoke. I used to do both but I’ve known enough alcoholics and smokers who died horrible deaths and suffered for years prior to dying that it was enough for me to quit both.

star_trek_wook_life

So you trade between cex exchanges occasionally and use the darknet to buy your blow/kitty/LSD or whatever. The coins you choose show who you are they don't predict the future of actual real world usage of crypto chains. If my use predicted the use of future chains iota would be going nuts and BTC would have replaced how I pay my local anarchist coffee shop.

thebigshipper

Many of those same people were eating LSD like candy in the 60s and 70s…maybe thats part of it — lack of psychedelics in our diet, but maybe that’s only one small piece.

Thin_Top_1573

So in the end, after all your bullshit, if we’re now on the same page (I’m not confident) your reasoning for cardano being superior is the ability to avoid using a liquid staking protocol? You do understand you’re referring to 2 trades as if it’s a big deal. This is cardanos game changer tech? So once they get everything else that doesn’t work, working as intended, cardano will allow me to avoid using a LSD. I guess I don’t give two shits and don’t see using a lsd as a problem. 🤷‍♂️ lol… do you hear yourself?

chiero918

Yet Vanguard has had no problem with all sorts of pot stocks, LSD stocks and SPAC stocks, all of which are risky as hell, and all of which I have lost a lot of money in. Meanwhile, Bitcoin has appreciated fantastically for long-term holders. Time to exit Vanguard.

Ilovekittens345

He is completely wrong about the drugs, even on LSD no junkie gonna buy 20 dollars worth of drugs and pay a 30 dollar fee. On the darkwebs, monero is the only currency used.

SaltyEconomics2759

We buying lots of Lego and LSD fr fr 💸💸💸

throwaway345t632

I went back to his interview on Joe Rogan when he smoked dope. Since then, cocaine, ketamine, LSD, Ozempic and who knows wtf else. This is years upon years of drug abuse. I don't think he's in any condition to concoct any sort of plan. Gensler himself has lost his stability, and you can see this just from looking at his face vs 2 years ago. Musk never had much to begin with. I think the X thing took a lot out of him and he wasn't behind this. It was US govt gangsters.

MinimalGravitas

> Becuase it doesn't result in Lido(s) which even Ethereum developers have agreed are the biggest threat to the security and future of Ethereum. Sure, Lido are a threat that I've been highlighting for over a year and a half... https://gov.optimism.io/t/draft-gf-phase-1-proposal-lido/2752/5 And I'm one of the very many people discussing possible solutions to the issue... https://ethresear.ch/t/reducing-lst-dominance-risk-by-decoupling-attestation-weight-from-attestation-rewards/16523 They have been bouncing around 31-32% for over a year, but with various vampire attacks being set up and the imminent introduction of distributed validators by Diva and others we should hopefully get that to drop a bit this year without needing anything done on the protocol layer. > Ultimately in slashing based systems there is always a tendency for stake to centralize around large super centralized industrial stake operators (who due to their resources and quality assurance are able to provide the best rate against slashing, ie they don't ever have network issues or crash or anything of that sort). Not sure where you've got this idea from? Lido operators got slashed at least twice last year (in April and October). In comparison, I know quite a lot of people in the Ethereum community who are staking from home and none of us have ever been slashed. In fact I can't even recall hearing about a single occasion when a solo staker has been slashed (though I guess it has probably happened at least once at some point). I think the main drivers of the dominance of Lido and other centralized services are that you receive an LSD which is useful (i.e. stETH) that you don't get when solo staking, and just the fact that Lido were first to market and invested a lot in advertising and integrations (e.g. if you click 'stake' in Ledger it's default is to use Lido). I really don't think it has anything to do with slashing risks or really anything at the protocol level.

3utt5lut

These days you can just buy 1p-LSD online, and once you consume it, it turns into pure LSD-25 in your body. I love the analogue drug market.

mathaiser

I spent 17 bitcoin on some Molly and LSD. Makes the trip even that much more wild.

ZucchiniDull5426

You can easily negate the inflation by 1 simple trick, stake it in validators or exchange sol to various LSD tokens.

Sele81

You mean a LSD trip? Or micro dosing? Actually a horror trip from weed started my depression in 2012, so I am pretty scared of drugs/trips.

Latter_Box9967

I found mushrooms to *not* help with depression. The abyss returns, actually. But then I found LSD *did* help with depression. Life’s colours returned. I’m talking about the weeks afterward. (Also decades ago)

recursive_lookup

Honestly, don’t forget about psilocybin and LSD. They have helped lots of people (in controlled environments).

Tegridytubs

What's CIAN Leveraged ETH Staking? CIAN protocol is a yield-focused platform for liquid staking derivatives ("LSD"), offering users the opportunity to earn by joining algorithmic strategy vaults or by building their own DeFi strategies using CIAN's advanced automation tools. The stETH/ETH leveraged staking strategy allows users to safely leverage stETH's staking rewards. This strategy focuses on staking derivatives and protection/ optimization tooling. By nature, this strategy enables users to leverage their assets as collateral to borrow ETH from lending platforms, and then stake that ETH in Lido to earn ETH staking interest. By utilizing tools like Flashloan, leverage is added to the ETH investment. In the scenario where a positive APY difference exists between the borrowing rate and the ETH staking rate, this strategy will generate additional earnings compared to conventional ETH staking. It's important to understand that when using a leveraged strategy, it's highly advised to hold the position for a longer duration. By doing so, it allows enough time for the high APY to cover between the borrowing rate and the ETH staking rate, this strategy will generate additional earnings compared to conventional ETH staking. It's important to understand that when using a leveraged strategy, it's highly advised to hold the position for a longer duration. By doing so, it allows enough time for the high APY to cover the entry & exit costs. Please note that there will be an additional 0.05% exit fee incurred at the time of redemption. understand and acknowledge the risk

Alexbobica

My list of potential crypto projects for 2024 includes different categories. I doubt NFT and GameFI spaces can attract attention again. It depends on developers and designers, I guess. I believe the potential lies in LSD (LDO and RPL), DePIN (AIOZ and ADE), Oracles ( DIA and LINK), and AI ( OCEAN and FET) spaces. I named some of the projects that developed very well. Let's see how it plays out.

stormingaround10

Good post and a good opportunity to explore some L1 projects. I think INJ is a solid pick, but generally speaking, there are other altcoins within other categories worth exploring. LSD ( LDO and RPL), Oracles ( LINK and DIA), and DePIN ( HNT and DIA) are some of the categories to explore.

Late_Papaya_9934

I heard about because I wanted to get some LSD off Silk Road in 2011-12. But as a student immigrant didn't want to screw something up and get deported or something and shame my family back home. Went through the whole thing, accessing silk road on tor, how to buy bitcoin etc., but never pulled the trigger, because could always have used curiosity or research as plausible deniability. Biggest regret of my life. Stacking since 2016 though, although like a squirrel on a student stipend when bigger stacks were possible. Bigger purchases now with relatively higher salary but smaller stacks obviously. Lost a whole coin in Celsius, second biggest regret of my life. Still a whole coiner though, so there's that.

RoyBeer

I bought LSD on the darknet with bitcoin in 2011 ... I made sure to use burner everything and left the wallet with like 0.1 btc left never to care about it again. I wish I had still access to it

stormingaround10

I would include several altcoins from different areas: LSD ( LDO and RPL), AI which has big potential to be a leading narrative during a bull market ( FET and OCEAN), and DePIN which keeps growing ( HNT and ADE). Bright future ahead.

SaltyEconomics2759

The only thing I buy with Bitcoin is LSD

Alexbobica

These are all promising areas. I would include LSD narrative, Stader and Bifrost are solid issuers. When it comes to Oracles, Band is a solid project, but my pick is Dia. Dia oracle services have been integrated literally everywhere. I am waiting for its X episode with Aleph Zero next week. I got a good bag of RIO. When it comes to DePIN, I bought HNT. Currently waiting for ADE to get launched. Weaver Labs has made great partnerships, with Samsung, Nokia, etc. Big brands. It seems quite promising IMO.

Tricky-Sand-6358

I’ve used Bitcoin to buy some LSD, some cheap video games, to send money to Cuba for my gfs family, to make extra money, as a hobby, I also used to accept it via my online store. There are many many uses for Bitcoin.

geridos

I needed a way to buy LSD back in 2012 to fund my band tour expenses swear to god, that was when I found it the first time.

Aerocryptic

Dank sharding on the way, lot of dev on LSD, account abstraction to name a few. With TIA finally launched we could see a new growing architecture to cut the fees with eth L1 as the settlement layer, tia for data availability and rollups for execution. So yeah it’s still innovating

iamnekkid

I bought LSD for 7 btc 😢

Wilder54321

LSD and real yield protocols (GMX/somm) I’m guessing is still the narrative.

sanctum9

LSD, it's a helluva drug

SmoothGoing

Bitcoining on DMT and LSD could lead to making dumb mistakes.

CartographerWorth649

While chainlink being the market leader without any doubt for now and the future to come, many also call it the DeFi Achilles hell because of a “single point of failure”. As in the LSD space people started to opt into other protocols beside Lido because of the high concentration of ETH on a single hand, I believe the same can happen with oracles

SnooRadishes6544

Absolutely disgusting. I bought it at $3-4 in 2012 but spent it all on LSD. Now I do hookers and cocaine and live in one of the nicest places in the world and eat incredible food every day. Life can go to 100 real fast.

Lillica_Golden_SHIB

>an LSD fueled crypto hamster seems like a viable option now. The hamster would have traded better than me and a lot more people even under these circunstances. Crypto has some very iconic anecdotes lol

mnkbstard

anyone here should remember about Mr.Gox, the hamster trading crypto, spammed in this sub every month. an LSD fueled crypto hamster seems like a viable option now.

Kidquick26

I had a maid inadvertently throw away my LSD once. We are not the same.

adcool95

It’s very simple. Lido can’t get marketshare cause Marinade and Jito are dominating LSD’s

adcool95

lol they aren’t getting market share on Solana. Marinade and Jito are far ahead of them as LSD’s as those two are native to Solana. Lido only dominates on Eth

johnnyb0083

ETH, in the form of a LSD.

johnnyb0083

ETH as a LSD, probably divide it amongst several solutions.

binglelemon

Artist had a tab of LSD.

johnnyb0083

Been looking at LSD tokens recently, figured I'd share some of my notes with you fine people. Today I took a look at Lido. ## What is it? Lido is a staking solution for PoS networks. Lido uses approved validators to stake your ETH in return for a portion of the rewards. ETH is spread out across validators and there is insurance for slashing events. The code base is entirely open source and has been audited. In regards to ETH it has several tokens: ## Token design * [stETH](https://coinmarketcap.com/currencies/steth/) is staked ether in [Lido](https://lido.fi/). It represents an amount staked in the Lido network. It is a rebasing token and the amount vested updates daily (12 PM UTC). If you live in a country that taxes interest this might be concern to you as you will get daily payouts similar to an investment that pays interest daily. * [wstETH](https://coinmarketcap.com/currencies/lido-finance-wsteth/) is a staked ether in [Lido](https://lido.fi/) on layer 2. This is also a rebasing token but the amount doesn't compound like stETH. The interest is held in shares and you can withdraw when you unwrap the asset. You will not gain the compound effects from this token immediately but might be good if you don't want to be taxed for some time. This token is also useful to provide LP on protocols that require an asset to have a constant value like Uniswap. * [LDO](https://coinmarketcap.com/currencies/lido-dao/) strict governance token for the Lido DAO that manages depositor's ETH, which validators can run in the network, development of the ecosystem, education and more. ## How do I stake? With lido you only need to swap your ETH for stETH or wstETH depending on which LSD you want to use. Then just hold the asset and accrue interest. ## Smart Contracts Lido has a [github](https://github.com/lidofinance), their token contracts adhere to the ERC-20 Interface. There are other methods built-in for specific functions as well. The code has been [audited](https://github.com/lidofinance/audits) by multiple firms. ## How does Lido make revenue? The DAO is paid 5% of all rewards on the network, 5% go to the node operators (they don't have to put up any ETH to run) and the rest goes to pay the LSD holders. ## Marketshare Currently Lido makes up around 30% of all ETH stakers, more info on this dune query [here](https://dune.com/queries/1933086/3188561). ## Risks * DAO gets hacked or keys are stolen, could liquidate the entire project. * Smart Contract risk. ## My take ## Positives * Open source software with multiple audits. * Funds are never held by an entity other than the DAO. * Insurance for slashing. ## Negatives * Currently has the largest share of validators which poses a risk as far as decentralization [bankless](https://www.youtube.com/watch?v=2a2owGBkfhQ). * Only approved validators can run nodes, centralized from an operational perspective. * Fees are subject to the DAOs whims.

drb0r1sdev

The right time to do some LSD... In crypto ofc 😂

Jako_RJB

I though that I was on the dark side of this sub when I saw LSD in the title

Wonzky

But when can we liquid stake LSD?

anonymouscitizen2

LSDs and PoS are the death of Ethereum decentralization. The market forces both outside and inside defi are going to converge on one LSD (lido) and just make downline derivatives dependent on lido ETH. We’ll see Lido taking up majority share of ETH staking and become a major centralization/attack risk. ETH messed up by not going dpos or going PoS at all. Now it’s just going to be Dpos with only one hyper dominant provider

nusk0

I told my GF I was hesitant to buy some LSD and she looked at me all worried. After that, I decided to stick with the safer stuff like ETH.

seb7mad

I bought my LSD at the Pink Unicorn thing!

zuzulego

What's LSD?

johnnyb0083

ETH with 25% of the moons and putting it in a LSD.

johnnyb0083

rETH, I'm into LSD.

stormingaround10

Nice post. I'm quite excited about the SpoolFi upgrade, integration of liquid staking, and support of erc20 tokens. Exploring the DIA Ultimate liquid staking map, I found numerous interesting LSD issuers btw. They even hold sessions about news within the LSD world. Maybe there will be one with SpoolFi. Who knows? When it comes to Beefy Finance, I have great experience and earn good rewards. Dafi is also a good option with innovative super stake technology.