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A total of 9 firms and tokens have registered/complied with regulators and securities laws. Only 1 currently survives, the rest either failed, restructured or were abandoned. And this 1 surviving token reports consistent losses since 2021. The laws simply don't work.
It's Dec. 17th 2017, we're at the absolute peak of that bull run, you're hyped up on hopium and bought all the top 100 Cryptos by marketcap. Five and a half years later only 7 of those purchases are in profit today, 62 are down 90% or more, and more Stats.
My theory on what would happen if bitcoin did not reach $1 million after all the hype
“FTX was a shock,” SALT Lending CEO and Director Shawn Owen says. “It led to kind of a paranoia to think about what if all the other exchanges have bank runs?”
SALT Lending converts $64M debt – plans to restart in Q1 2023
Where to borrow fiat with BTC as collateral to buy more BTC?
Crypto Lender SALT Halts Withdrawals After FTX Collapse
FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits
SALT Lending Impacted by FTX, halts withdrawals & deposits
Breaking - Salt lending goes busy from FTX contagion
Fidelity Weighs Bitcoin Trading on Brokerage Platform
Trustable - asset settlement network based on Nano + wallet with 100+ fiat pairs easy on/offramping
In your opinion, what use for Blockchain Tech / Smart Contracts is the most exciting?
Staci Warden, CEO of Algorand Foundation, talks at SALT conference and explains why Algorand is ushering in the blockchain renaissance. Staci spent most of her career in TradFI with stops at Milken Institute, JPMorgan, Nasdaq, U.S. Treasury Department, the Center for Global Development, and Harvard.
George Melika: Crypto Prime Brokerage | SALT Crypto 275
Want to spend cash, HODL crypto, and earn crypto rewards along the way? I just joined the waitlist for the SALT card, the first credit card backed by your crypto, not your credit score. Join the list today for early access:
alot of people say "long term hold" or "10 year hold"...but how many actually mean it?
I have been learning about portfolio management for the last year, and I want to practice now ... give me your wishes and I will try to create a crypto portfolio for you
I have been learning about portfolio management for the last year, and I want to practice now ... give me your wishes and I will try to create a crypto portfolio for you
I have been learning about portfolio management for the last year, and I want to practice now ... give me your wishes and I will try to create a crypto portfolio for you
Jeff Booth: Author "The Price of Tomorrow" on Deflation | SALT Talks #182
Sam Bankman-Fried's FTX Teams up With SALT for Bahamas Crypto Conference
Anthony Scaramucci's SkyBridge Capital has filed for a crypto ETF while also declaring it has raised $100 million out of $250 million for its Algorand fund during the 2021 SALT conference.
Ray Dalio says if bitcoin is really successful, regulators will ‘kill it’
Cathie Wood: $500,000 Bitcoin Price Target [9/13/21 @ SALT Conference]
Cathie Wood: $500,000 Bitcoin Price Target [9/13/21 @ SALT Conference]
Cathie Wood: $500,000 Bitcoin Price Target [9/13/21 @ SALT Conference]\
Cathie Wood: $500,000 Bitcoin Price Target [9/13/21 @ SALT Conference]
"Bitcoin Will Rise TENFOLD in the Next Five Years" Ark Invest founder Cathie Wood Tells SALT Conference Attendees...
"Bitcoin Will Rise TENFOLD in the Next Five Years" Ark Invest founder Cathie Wood Tells SALT Conference Attendees...
Cathie Wood Repeats $500,000 Bitcoin Price Target at SALT Conference & Talk Regulation - 9/13/2021
"Bitcoin Will Rise TENFOLD in the Next Five Years" Ark Invest founder Cathie Wood Tells SALT Conference Attendees...
"Bitcoin Will Rise TENFOLD in the Next Five Years" Ark Invest founder Cathie Wood Tells SALT Conference Attendees...
SkyBridge and NAX Announces Groundbreaking Partnership to Accelerate the Growth of Decentralized Applications on Algorand
Wondering how to Get In On Crypto Without Actually Buying Any?
Cathie Wood Repeats $500,000 Bitcoin Price Target at SALT Conference & Talk Regulation - 9/13/2021
Bitcoin And The SALT Conference With Anthony Scaramucci
IDO of BNPL Pay happening on Sept 14th (on Thorstarter). Here are my 'intern notes' about the whitepaper
The Hemp Blockchain, Inc. Chooses Algorand as Its Blockchain Platform
$FLAKEYSALT -low mc $2k -liquidity is locked -marketing launched -great community
Flakey Salt🍕 It does this by applying a 8% tax on transactions: ✅ 2% goes to holders instantly ✅ 2% is auto-locked to liquidity ✅ 2% is used to buy back FLAKEY SALT (market buy) ✅ 2% is used for marketing and development
Blockchain in Infrastructure Market Is Booming Worldwide: IBM, SALT Lending, Circle, Coinbase
Blockchain in Infrastructure Market Is Booming Worldwide: IBM, SALT Lending, Circle, Coinbase
Can I just have express how impressed with Changelly I am?
Borrowing using Crypto as Collateral: My Experiences and Findings
Crypto SALT fraud victim needs advice please!
Short Guide to HODLing Cryptos & Earning More
🔥SUPERDOGE partnered up with the leading PR firm in blockchain industry - Transform PR 🔥
Which is the worst performing crypto coin you ever had...? 🤔🤔
Former Top 50 coin QASH to rebrand as Liquid Token (The Next $BNB?) [SAFE 1000% GAIN POTENTIAL!]
Cathie Wood on Bitcoin as The Reserve Currency of The Crypto Asset Economy - by SALT- April 12 2021
Cathie Wood on Bitcoin as The Reserve Currency of The Crypto Asset Economy - by SALT- April 12 2021
SALT Refund - did anyone go through the process and get refunded yet?
SALT Lending: does it still suck or is it now a legit loan provider?
Mentions
There's no fundamental reason why it can't be used as collateral, it's just a matter of offerings coming to market and getting polished. I think SALT has been offering loans for some time now, although I'm not sure what their present status is. There are probably some decentralized offerings using smart contracts and USDT as well
Celsius offered loans as well. They went under, though that was due to CEO incompetence. Other companies such as SALT also offer loans using crypto as collateral.
Yeah I dunno about this. "Still around" in the sense they didn't go way the way of BitConnect, but there are so many 2017 projects that are essentially dead and treading water and are only purchased by bag holders or people who left and came back years later. When was the last time you heard someone talk about Verge? or DASH, NEM, PPT, OMG, NEO, LSK, STRAT, MONA, KMD, SALT, EMC2, ETN.. etc etc those were all top 500 coins at the peak of the bull in december 2017
SALT. Lend against your crypto as collateral
Arbitrage profits go to the liquidity providers and SALT stakers. The profits provide the liquidity providers with yield to encourage deeper liquidity. The users themselves benefit with zero swap fees on all swaps.
Deflation-wise: The Protocol Owned Liquidity held by the DAO generates yield in the form of SALT - a default 45% of the SALT rewards received from this POL are burned. Also, expedited unstaking of xSALT results in users losing a portion of their original staked SALT. The lost portion of their SALT is then burned. Me: I'm originally a mobile app developer - who has created and developed in-house mobile apps which have had more than 30 million downloads. In crypto I previously wrote some private arbitrage and trading bots, and also created an NFT project called 200 Keys - the focus of which is collaborative creativity.
Max supply is 100 million SALT and emissions are 50 million SALT distributed at .50% / week. Here's the full distribution: |Emissions|50 million|.50% per week| |:-|:-|:-| |DAO Reserve |25 million|Linear distribution over 10 years| |Initial Development Team |10 million|Linear distribution over 10 years| |Airdrop Participants|5 million |On launch as xSALT| |Liquidity Bootstrapping Rewards|5 million |For initial liquidity pools| |Staking Bootstrapping Rewards|3 million |For xSALT holders| |Advisors |2 million|Linear distribution over one year.|
Regarding SALT token, how much will be locked in and for how long?
what happens to these projects once they collapse? I have quite a bit of "SALT" but i never bothered to sell it. I suppose its defunct and my money is gone?
Lol, I still hold bags of SALT from 2017
A few years ago there was this thing called SALT. It, like most other coins from the time….went to 0
After the 2017 run there were some crypto lending platforms that would do this for people. One guy made a reddit post about how he used this to buy a house from his gains. I think it was SALT if I'm not mistaken.
$SALT - SaltBae, each month and random amount of salt will be sprinkled into users accounts. You must own 1 $STEK to receive your $SALT.
In my example, the LTV is 15%. I didn't just pull this number out of a hat. You will want to structure the loan to minimize the probability of a margin call. This will depend on the LTV of the loan and the margin call threshold, which will depend on the loan contract. SALT has interesting numbers to play around with. Do an internet search to find their margin call thresholds. Other interesting lenders to run theoretical numbers on are Unchained Capital, Sovryn Zero, and Hodl Hodl. Lots of variety in rates, risks, and contract terms there. Note that bitcoin experiences ~75% crashes each cycle. Lower LTV is safer, but you also have to consider other risks. As I wrote, wait for bitcoin banking to catch up to us. We will then only be limited by our imaginations. Sadly, some will figure out most of the problem but fumble the math on the last steps.
Have been using Brine for a while and I won a $100 usdc reward on brine for being active in the community via discord, Twitter and crew3. They also actively reward the community for their support. My SALT token is like 6k now but i still need to reach the top 10 to claim the prize.
Zero. I learned my lesson with SALT Lending. I'm glad that they got a bailout and I was able to escape with my collateral.
If you don't have a copy of the original wallet.dat file, the account is forever lost. The .dat file stores information in a non-text format Berkeley DB & LevelDB, all the data pertaining to the core wallet is contained in the wallet.dat file, (SALT, DERIVATION PATHS, MKEY, ENCRYPTED PRVKEY) etc.. Core wallet recovery is not possible without the original wallet.dat file.
Has anyone used CryptoRabbit for lending? Nexo isn't available to me, SALT isn't an instant loan.. I'm a bit intimidated by using AAVE. Any good instant crypto lending in the US?
Still remember the alleged “SALT arbitrage.”
SALT. back when that channel crypto investor was around, he said to buy salt. BUT HE NEVER SAID WHEN TO SELL IT. I lost 5 or 10k worth.
> So there's like a unique set of keys that can ONLY be generated using 24 words (thus the advantage of using 24 words), aside from the set of keys that can collide with a 12 word phrase. Is this true? This is not true Read the BI39 document. The last step is the creation of the binary seed from the mnemonic. This step uses the mnemonic (whatever length it is) as a HMAC SALT, and the passphrase (if there is one) as the HMAC input. Then there is 2048 rounds of SHA2-512 MAC hashing. SHA-2 being what it is (a randomness oracle), there is no way to discover whether the mnemonic was 12 or 24 words (or 15, 18, 21 words) if all you have is the 512-bit result of the hashing. Collisions are not impossible And then BIP32 takes the 512-bit binary seed from BIP39 and does its own HMAC hashing to make the hundreds, thousands (or millions or billions) of keys in its key-chain hierarchy
Whooooo lordy alts are getting SO rekt. Can't spell SALT without alt.
TAKE EVERYTHING WITH A GRAIN OF SALT * Intentional all caps
One of the favorite forms of currency for soldiers/gladiators was SALT token.
One of the favorite forms of currency for soldiers/gladiators was SALT token.
Bounty0x, PAC coin, Navcoin, Oyster Pearl, Cindicator, Crypterium, Origami, Po.et, SALT... I could go on lol.
**Disclaimer: Never run a random stranger's code unless you either understand it, or if it's been audited by an entity you trust.** - And here's the rest of it. For those interested, uncomment this line to see what phrase it's checking: > #print('\''+p+'\'') Uncomment this line to see which address that is: > #print(computed_address) - Computing only one million combinations took my machine a good little while. There are probably much more efficient ways to code something this. If you're actually trying to find the private key, you won't by doing it this way, though you might be able to shave off a couple thousand years by trying random combinations of those words, instead of sequential ones, hoping for the Birthday Paradox to pull through. I'm only posting this for those interested in what the process might look at, there's no need to actually run the code. - import itertools import binascii, hashlib, hmac, struct from ecdsa.curves import SECP256k1 from eth_utils import to_checksum_address, keccak as eth_utils_keccak BIP39_PBKDF2_ROUNDS = 2048 BIP39_SALT_MODIFIER = "mnemonic" BIP32_PRIVDEV = 0x80000000 BIP32_CURVE = SECP256k1 BIP32_SEED_MODIFIER = b'Bitcoin seed' ETH_DERIVATION_PATH = "m/44'/60'/0'/0" class PublicKey: def __init__(self, private_key): self.point = int.from_bytes(private_key, byteorder='big') * BIP32_CURVE.generator def __bytes__(self): xstr = self.point.x().to_bytes(32, byteorder='big') parity = self.point.y() & 1 return (2 + parity).to_bytes(1, byteorder='big') + xstr def address(self): x = self.point.x() y = self.point.y() s = x.to_bytes(32, 'big') + y.to_bytes(32, 'big') return to_checksum_address(eth_utils_keccak(s)[12:]) def mnemonic_to_bip39seed(mnemonic, passphrase): mnemonic = bytes(mnemonic, 'utf8') salt = bytes(BIP39_SALT_MODIFIER + passphrase, 'utf8') return hashlib.pbkdf2_hmac('sha512', mnemonic, salt, BIP39_PBKDF2_ROUNDS) def bip39seed_to_bip32masternode(seed): k = seed h = hmac.new(BIP32_SEED_MODIFIER, seed, hashlib.sha512).digest() key, chain_code = h[:32], h[32:] return key, chain_code def derive_bip32childkey(parent_key, parent_chain_code, i): assert len(parent_key) == 32 assert len(parent_chain_code) == 32 k = parent_chain_code if (i & BIP32_PRIVDEV) != 0: key = b'\x00' + parent_key else: key = bytes(PublicKey(parent_key)) d = key + struct.pack('>L', i) while True: h = hmac.new(k, d, hashlib.sha512).digest() key, chain_code = h[:32], h[32:] a = int.from_bytes(key, byteorder='big') b = int.from_bytes(parent_key, byteorder='big') key = (a + b) % BIP32_CURVE.order if a < BIP32_CURVE.order and key != 0: key = key.to_bytes(32, byteorder='big') break d = b'\x01' + h[32:] + struct.pack('>L', i) return key, chain_code def parse_derivation_path(str_derivation_path): path = [] if str_derivation_path[0:2] != 'm/': raise ValueError("Can't recognize derivation path. It should look like \"m/44'/60/0'/0\".") for i in str_derivation_path.lstrip('m/').split('/'): if "'" in i: path.append(BIP32_PRIVDEV + int(i[:-1])) else: path.append(int(i)) return path def mnemonic_to_private_key(mnemonic, str_derivation_path, passphrase=""): derivation_path = parse_derivation_path(str_derivation_path) bip39seed = mnemonic_to_bip39seed(mnemonic, passphrase) master_private_key, master_chain_code = bip39seed_to_bip32masternode(bip39seed) private_key, chain_code = master_private_key, master_chain_code for i in derivation_path: private_key, chain_code = derive_bip32childkey(private_key, chain_code, i) return private_key if __name__ == '__main__': words = ["camera", "rhythm", "feature", "layer", "coconut", "ready", "need", "final", "north", "can", "early", "story", "stable", "report", "group", "depend", "employ", "problem", "monitor", "interest", "logic", "sausage", "toilet", "pencil"] permutations = itertools.permutations(words) i = 0 i2 = 0 for p in permutations: words_string = '' for word in p: words_string = words_string + word + ' ' words_string = words_string.strip() p = words_string #print('\''+p+'\'') mnemonic = p private_key = mnemonic_to_private_key(mnemonic,str_derivation_path=f'{ETH_DERIVATION_PATH}/0') public_key = PublicKey(private_key) computed_address = public_key.address() #print(computed_address) if i2 > 999: i2 = 0 print(i) i += 1 i2 += 1 if computed_address == '0xb6f420204511C7fE9Dd3DE14266a260e8f11aC37': print(f'privkey: {binascii.hexlify(private_key).decode("utf-8")}') print(f'pubkey: {binascii.hexlify(bytes(public_key)).decode("utf-8")}') print(f'address: '+computed_address) break
SALT! You can't forget SALT man haha
The 4 remaining operating firms: SALT Lending, a crypto lender. Hiro Systems (formerly known as Blockstack), a maker of a smart contract blockchain INX, an exchange Ceres. It's a payment processor for the cannabis industry
damn, trying to make a post but not enough comment karma to make one. i wll just post it here. Here is a list of 40 companies that are linked or associated with Silvergate. 1. Coinbase: Silvergate is a preferred banking partner of Coinbase, a leading cryptocurrency exchange. 2. Bitstamp: Silvergate provides banking services to Bitstamp, a European cryptocurrency exchange. 3. Gemini: Silvergate has partnered with Gemini, a cryptocurrency exchange and custodian, to provide 24/7 fiat funding and withdrawals for its customers. 4. Kraken: Silvergate provides banking services to Kraken, a popular cryptocurrency exchange. 5. Anchorage: Silvergate has partnered with Anchorage, a digital asset custodian, to provide real-time settlement services for its customers. 6. Paxos: Silvergate has partnered with Paxos, a blockchain infrastructure platform, to provide real-time settlement services for its customers. 7. BlockFi: Silvergate provides banking services to BlockFi, a digital asset lending and borrowing platform. 8. Binance.US: Silvergate provides banking services to Binance.US, the US arm of Binance, one of the largest cryptocurrency exchanges in the world. 9. Fireblocks: Silvergate has partnered with Fireblocks, a digital asset infrastructure platform, to provide real-time settlement services for its customers. 10. Signature Bank: Silvergate competes with Signature Bank, another bank that provides financial services to cryptocurrency companies. 11. Bitso: Silvergate provides banking services to Bitso, a Latin American cryptocurrency exchange. 12. SFOX: Silvergate provides banking services to SFOX, a cryptocurrency trading platform. 13. Genesis Global Trading: Silvergate provides banking services to Genesis Global Trading, a cryptocurrency trading firm. 14. Prime Trust: Silvergate has partnered with Prime Trust, a technology-driven financial institution, to provide banking services to digital asset businesses. 15. Circle: Silvergate has partnered with Circle, a global financial technology firm, to provide banking services to its customers. 16. eToro: Silvergate provides banking services to eToro, a social trading and investment platform. 17. River Financial: Silvergate provides banking services to River Financial, a Bitcoin financial services firm. 18. Anchorage Digital Bank: Silvergate has partnered with Anchorage Digital Bank, a regulated crypto-native bank, to provide real-time settlement services for its customers. 19. Bittrex: Silvergate provides banking services to Bittrex, a US-based cryptocurrency exchange. 20. Uphold: Silvergate provides banking services to Uphold, a digital money platform that allows users to buy, sell, and hold cryptocurrencies and other assets. 21. BitGo: Silvergate provides banking services to BitGo, a digital asset custody and security company. 22. TokenSoft: Silvergate provides banking services to TokenSoft, a blockchain-based securities platform. 23. Arca: Silvergate provides banking services to Arca, a digital asset management firm. 24. Anchorage Trust Company: Silvergate has partnered with Anchorage Trust Company, a regulated trust company for digital assets, to provide real-time settlement services for its customers. 25. Paxful: Silvergate provides banking services to Paxful, a peer-to-peer Bitcoin marketplace. 26. Celsius Network: Silvergate provides banking services to Celsius Network, a decentralized lending and borrowing platform. 27. Unchained Capital: Silvergate provides banking services to Unchained Capital, a Bitcoin financial services company. 28. Amber Group: Silvergate has partnered with Amber Group, a global crypto finance service provider, to provide real-time settlement services for its customers. 29. OKCoin: Silvergate provides banking services to OKCoin, a digital asset exchange platform. 30. Elliptic: Silvergate has partnered with Elliptic, a blockchain analytics and compliance platform, to provide banking services to its customers. 31. Blockdaemon: Silvergate has partnered with Blockdaemon, a blockchain infrastructure platform, to provide real-time settlement services for its customers. 32. XanPool: Silvergate provides banking services to XanPool, a fiat gateway for cryptocurrency exchanges and wallets. 33. Token: Silvergate provides banking services to Token, a fintech company that enables banks to monetize open banking. 34. SALT Lending: Silvergate provides banking services to SALT Lending, a platform that offers loans collateralized by cryptocurrencies. 35. Securitize: Silvergate provides banking services to Securitize, a digital securities platform that enables the issuance, management, and trading of securities on the blockchain. 36. Metal Pay: Silvergate provides banking services to Metal Pay, a peer-to-peer payments app that allows users to send and receive cryptocurrencies and fiat currencies. 37. LedgerX: Silvergate provides banking services to LedgerX, a Bitcoin derivatives exchange. 38. Vemanti Group: Silvergate has partnered with Vemanti Group, a technology-driven holding company, to provide real-time settlement services for its customers. 39. Iconic Funds: Silvergate provides banking services to Iconic Funds, a crypto asset management firm. 40. Bitwala: Silvergate provides banking services to Bitwala, a platform that combines a Bitcoin wallet with a German bank account.
AAVE when it was like #500 for market cap (ETHLend). There were only 3 DeFi projects in existence at the time (AAVE, SALT and Elixir) and I didn't pick the right one. Elixir didn't even become a DeFi project in the end. Fantom, again when it was like #500 for marektcap. The Elixir "successor" was set to be one of the first projects on there but I never really looked into it. I only thought "WHY ARE WE LAUNCHING ON THIS NOTHING CHAIN?" Am now In UniDex, which has since gone 10x+ since its low, which I only caught the tail end of. I've had it bookmarked since its inception, always thought the general idea of it was really good, and always thought the chart looked bullish... but never bothered to look into it properly. Only when it went crazy did I try. It was always the "one" I wanted to look into properly, but this bull market sneaked up on me. God I suck. 😔 Still EXTREMELY bullish on UniDex though. Moral of the story: Look at things when they're mentioned, think, and don't dismiss them. I'd say these are the closest I've ever come.
tldr; SALT Lending has converted $64 million of its debt by issuing Series A preferred stock. The debt conversion has strengthened the lender’s balance sheet and capital reserves, enabling it to avoid bankruptcy. SALT aims to return to “full operation” by this quarter. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Get more of today's trending news [here](https://coinfeeds.substack.com).*
SALT that sounds like a new crypto...
Did you just call me (everyone) stupid 😂. *has received backing from Coinbase Ventures and Circle Ventures to launch a new software startup. SALT Fund, Motivate VC, P2P Validator, Third Kind Venture Capital, Shari Glazer of Kalos Labs and Anthony Scaramucci also participated in the seed round.*
In case you were wondering who the investors are: > Harrison, who oversaw the US division of Sam Bankman-Fried's now bankrupt digital asset exchange, secured backing from industry giants like Coinbase Ventures and Circle Ventures. > Other participants in Architect's fund raise include SV Angel, SALT Fund, P2P, Third Kind Venture Capital, and Motivate Venture Capital, along with investments from Shari Glazer and SkyBridge founder Anthony Scaramucci. The funding round took less than six months, according to Harrison.
From Terra/LUNA and Three Arrows Capital to Celsius and FTX, a lot of cryptocurrency firms — particularly crypto lenders — went up in smoke. Here are 15 crypto companies that we've lost in 2022 : * Wonderland * Terraform Labs * Babel Finance * Three Arrows Capital * Voyager Digital * CoinFLEX * Celsius Network * Vauld * Nuri * Hodlnaut * Compute North * Freeway * FTX Group * SALT * BlockFi Those who made the most noise were Terraform Labs (Where are you Do Kwon?), Celsius and FTX with SBF still trying to make believe that he is not a huge fraud but simply a poor entrepreneur who was overwhelmed by the success of his company ...
Is this the buy signal? First we get the wreckoning of Solana, then the post warning us not to mint trump, now Shiba Inu is dead again. LOAD UP SHIBA INU THE SALT IS IN! Not financial advice! But CC salt sells better than anything I know!
The exchange or third-party is taking your money. They do not show that transaction on chain For example, if you purchase Bitcoin or an altcoin on Coinbase, you will see on the Coinbase exchange that you have X dollar amount of BTC or X token. Remember, you are seeing this on their internal database, in your account. In In reality, queen beds did not have to purchase any Bitcoin or altcoins. As long as they show it to you on their account, which means, Coinbase owes you X amount of Bitcoin or altcoins. As long as you stay in the platform, (meaning not sell or transfer to a wallet or off the platform) Coinbase basically is giving you an IOU. "I owe OP x amount of dollars or coins, depending on what you want to redeem in the future." If you leave your money on Coinbase or a random exchange, they are able to use your money to lend out for yield, operational cost, and other things. This process is similar to the banks. Go back and look at history with gold and how banks used to store gold for its customers. There were constant runs on the bank, meaning people would go to redeem their gold, but to only find out the bank did not have enough. **Side note on lending** Companies like Blockfi, SALT, and Nexo, to just name a few are examples of lending services. What many of them do is take a customers crypto, which is sent onchain, meaning from customer's wallet to the company. The company will then send money to the customer and give them a portion of what the crypto is worth. The company is able to rehypothecate (lend it out to others, trade it, make fractional reserves, basically play around with) it in different ways to make money. This is where a majority of the risk comes in. Many of the companies lend the crypto to organizations such as Three Arrows Capital, as an example, they would basically gamble it away by trading it on leverage. Thus, you rest losing the crypto that you lend it to these lending companies. **Onchain transactions** The reason people say not your keys, not your crypto is related to my example above with Coinbase or any exchange, You were not receiving anything with the exception of a promise to redeem your money for crypto or Bitcoin in the future. You must go back to Coinbase or to the exchange before you can touch your crypto or Bitcoin. However, let's say that you purchased X amount of Bitcoin on Coinbase, they will credit your account for X amount of bitcoin. You transfer that Bitcoin to your hard wallet, at this point, a transaction will be made on chain. You Will be able to see on the Bitcoin ledger Bitcoin moving from Coinbase wallet to your Bitcoin wallet. That will be the only time you will see it on chain. >You're the only one with keys/seed phrase< Once you set up your wallet, you will be given a seed phrase, normally 12 to 24 words. This will be your private keys. NEVER SHARE THEM WITH ANYONE. NEVER STORE THEM ONLINE. There are both public and private keys. Your public keys will help Coinbase or any exchange be able to send money to your wallet location. Mostly, whenever you see a QR code asking for crypto or Bitcoin (on scam YouTube videos) That is the public key.
I also would advise to store only BTC. Ledger didn't support as many alts at that time, but BTC always leads out of times like this, slowly at first, but it always leads with massive dominance over alts. Accept that. I wish I hadn't of done it at all and just paid attention because BNB was 16-20$ at that time so I missed huge opportunity there whereas every alt I would have stored was lethargic and slowly beatdown by BTC(or died like SALT). But to each thier own and live and learn.
tldr; Crypto lending platform SALT has suspended deposits and withdrawals on its platform. "The collapse of FTX has impacted our business," SALT CEO Shawn Owen said in a message sent to consumers. SALT Lending was charged by the SEC with selling an unregistered security and ordered to repay $47 million raised in a 2017 ICO. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
So we don’t need to pay back the loan I borrowed from SALT?
Bnk To The Future announces that its previously announced non-binding letter of intent with SALT Blockchain, Inc. (SALT) When you drop in the map with randoms
tldr; BlockFi is reportedly preparing to file for bankruptcy, according to a source familiar with the matter. BlockFi admitted to having “significant exposure” to FTX and its affiliated companies, but insisted it had “the necessary liquidity to explore all options”. Crypto lending platform SALT also disclosed that it would pause withdrawals and deposits to its platform “effective immediately” due to the collapse of FTX. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Rip SALT in the next 48 hr
We're going to see plenty of SALT from customer tears. *I'm sorry this joke was too soon, I'll fleece myself now*
SALT is a shitcoin from 2017 They claimed that their coin has a bottom price of something like $20 as they were always gonna value SALT at $20 on their lending platform Guess how that ended
Scaramucci’s SkyBridge Is Trying to Buy Back FTX’s 30% Stake Hema Parmar Anthony Scaramucci, founder of SkyBridge Capital II LLC, speaks during the International Economic Forum of the Americas (IEFA) Toronto Global Forum in Toronto, Ontario, Canada, on Friday, Sept. 6, 2019. The Toronto Global Forum is a non-profit organization fostering dialogue on national and global issues that brings together heads of states, central bank governors, ministers and global economic decision makers. (Bloomberg) -- Anthony Scaramucci said SkyBridge Capital is trying to repurchase the 30% of his company that Sam Bankman-Fried’s FTX acquired months before the crypto exchange imploded -- an attempt now complicated by FTX’s bankruptcy. “My legal team and my other partners are working to buy back that stake,” Scaramucci said Friday in a CNBC interview shortly before FTX filed for bankruptcy. “We’re in a worse position because of the fact that we made the decision to have Sam join the cap table at SkyBridge. There’s no question that we’re in a worse position -- he’s hurt the industry.” Less than two hours after Scaramucci’s remarks, FTX disclosed the start of bankruptcy proceedings. More than 130 entities tied to FTX.com, FTX US and trading firm Alameda Research Ltd. were listed in filings at federal court in Delaware, with Bankman-Fried resigning as chief executive officer of FTX Group as part of the filing. Any repurchase of FTX’s stake in SkyBridge would now have to go through the bankruptcy court. It’s a potentially prolonged process, one that SkyBridge will pursue with the administrator, Scaramucci told Bloomberg News after the filing. FTX creditors will be scouring the company’s books for units, contracts, joint ventures or ownership stakes with any value left to help cover their losses. “The administrator will be inundated with requests from people who have claims against FTX,” Greg Kidd, co-founder of venture fund Hard Yaka, a small equity investor in FTX US, said in an interview. “And that includes people that were beneficiaries of investments from FTX. But there’s no way to jump the queue. Scaramucci can try to buy his stake back in bankruptcy court. There will be a process, and he could be outbid.” Just two months ago, FTX said it was acquiring the stake in Scaramucci’s firm, which manages about $2.2 billion and invests in both hedge funds and digital assets. FTX Ventures provided SkyBridge with cash to fund growth and new product launches, and to purchase cryptocurrencies that SkyBridge would hold on its balance sheet. On Tuesday, the SkyBridge founder flew to the Bahamas in an attempt to help Bankman-Fried, he told CNBC. “The original idea was this is a rescue finance situation and could we somehow help,” Scaramucci said. Upon arrival, however, it became clear “at least from some of the people that worked on the legal team and compliance team, that perhaps there was more going on than it being a rescue situation.” Scaramucci left that afternoon, distressed, he said. Scaramucci said he hesitates to call what he saw fraud “since that’s a legal term,” but he implored Bankman-Fried to tell the truth to investors, and explain what happened to regulators. “And if there was fraud, let’s clean it up to the extent possible,” he said. Scaramucci said that his firm has had to mark down some of its securities given the swift decline in cryptocurrencies. It had exposure to FTX’s FTT tokens, he said, and has taken “a loss” on that. In a September statement disclosing the deal with FTX, Scaramucci, 58, described Bankman-Fried, 30, as “a visionary who has built incredible businesses that are synergistic with the future of SkyBridge.” Bankman-Fried said FTX, which has sponsored SkyBridge’s annual SALT conference, would collaborate with Scaramucci’s firm on crypto- and non-crypto-related investments. A few months earlier, SkyBridge suspended redemptions in its Legion Strategies Fund -- one of its smaller offerings -- after sharp declines in stocks and cryptocurrencies left its exposure to private companies at 20%. FTX was among the fund’s private investments. The crisis enveloping FTX has snowballed this week, rattling the entire crypto market, with competitor Binance Holdings Ltd. agreeing to a hastily arranged rescue only to back out a day later. US authorities are investigating FTX. Scaramucci told CNBC that he feels “disappointed” and “duped” by the collapse of Bankman-Fried’s crypto empire, calling this the worst week in cryptocurrency history. --With assistance from Vildana Hajric. (Updates with FTX bankruptcy, Scaramucci comments starting in first paragraph.)
Lol ironically yeah i mean I've been to the bahamas for the SALT conference which is where i learned that. I told you, i work in the industry and ive spent a lot of time around many crypto people. If you were at that conf you know the types.
>In an Oct. 18 interview with SALT moderated by Anthony Scaramucci, D’Agostino said that new asset classes often take time to develop, as “institutional inertia is a very real thing” and “there’s a lot of switching costs associated with adding new assets” but that this hasn’t been the case with crypto. >“So for me, for someone who spent 15 years trying to get commodities to be mainstream, it’s actually moving fast. But I do understand why somebody in the heat of the moment feels it’s glacial. But for institutions I think it’s moving very, very fast.” >moderated by Anthony Scaramucci >**Anthony Scaramucci** What the hell lmao
Lets see that with a piece of SALT. ​ BA DUM TS
Dude there was an update from NAX at the SALT conference just yesterday. Why post a year old article?
Welcome to SALT SEASONing your ramen
whoaaa ! At least put SALT and vinegar on your hash. Basics !
I was reading a thread from January 2018 and someone said they are a fan of SALT lmfao. It's my first time reading about it and I found this SALT thing really funny. Like, what utility did it have? I'm pretty sure most of the bagholders are SALTy.
The key here is the LT in SALT - Local Taxes... What's being asked is "we've paid so much in local taxes - don't tax us again federally for the same amount, rather take the amount we paid locally off the table and tax us for the balance." What folks who hate SALT deductions is this - it's as if you're asking "well, I've shit my bed a bit, but couldn't you perhaps let me take some of that shit and toss it into your bed instead?" I've inflated my local tax costs, so other jurisdictions whose taxes aren't as high as mine should cover my portion of the bill, since - after all - I've already paid someone what I would have otherwise been able to pay. Of course, the taxes I paid stay in my own little sphere of influence - from a community perspective it's as if I paid myself the tax then asked you to cover my short-fall...
I don't quite understand it, but Tom Wheelwright has said Democrats rather want exemptions from SALT taxes, "sales and local taxes" or something. So it seems like Dem and Rep make their wealth in different ways -- sales vs real estate perhaps? ...
This is what they’d like you to believe so we don’t go after SALT taxes Anyone barely making it off 100k is simply living way above their means, or just lying to themselves so they don’t have to admit they are upper class
Anyone remember the SALT token? Celsius always reminded me of SALT. If it sounds too good to be true, it probably is. I think this company is done.
Can't hear what you said. [SALT THE WOUND](https://youtu.be/lqmNKQqAW_g?t=156) ​ Jk, I feel bad for the Terra-Luna investors. It's not like it was a clear scam like Bitconnect, but it managed to be an even bigger shitshow.
rubs SALT in to my wounds that does
SALT is kind of a dead coin. Pretty cheap now but that was the shit in 2017.
Crypto is still pretty new actually. The "1000$ BTC 1000$ ETH and 100$ alt (ALGO,CKB) and HODL" mentalities of this sub just aren't realistic for a 2 year plan. And maybe beyond. The flippening was well accepted as a possible reality in 2017 and it's every single bit as possible now as it was then. ONE, CKB, ATOM? Just sounds like SALT and LISK to me. That's my 2 cents.
You should buy some $SALT
Yep there's a SALT out there 🙂 https://www.coingecko.com/en/coins/salt
Just read the disclaimer for the first time. Makes me wonder why there isn’t yet meme/alt coin called SALT. Any programmers wanna partner up with a former chef and wine jerk to build and shill my new project?
SALT token sold 1 eth(\~800usd) for this back in the bull run of 2018,it was gonna give out crypto backed loans long before defi was a thing .lots of promise never really did anything then at one point token got delisted from binance they were shit by then and i just lost them. they re still around.
Post is by: Novel-Counter-8093 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/t9pvx8/alot_of_people_say_long_term_hold_or_10_year/ with BTC and ETH as the exception, lets travel back to 2017: the year of GNT, Funfair, District0x, PowerLedger, Funfair, Mirocana, Potcoin, Litecoin, Neo, OmiseGo, Augur, SALT, etc. just to name a few. Well let me ask, how many of you are still holding onto these, waiting for the big "pump", considering its only been 5 (long) years? And now how many of you have sold these off long ago after seeing they have done nothing but stagnate? remember how PowerLedger was backed by Elon? dont tell me there is still some of you out there still hoping POWR will hit $10 a piece. Remember how Mirocana was supposed to be this revolutionary AI trading bot, and now its gone? Coins like Monero, LTC, XLM, XPR, sure, they survived, but they have been stagnant since. How many of you actually have the patiencr to sit through that seemingly endless stagnation? *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Post is by: serban1313 and the url/text [ ](https://goo.gl/GP6ppk)is: /r/CryptoCurrency/comments/t77w8e/i_have_been_learning_about_portfolio_management/ For the past 12 months, I have been interested to learn about how shall I create the maximum gains without risking too much. Since 2019 I have been in this crypto trading space, and like everyone else, I made 2000% profits followed by -99.9% losses. The mental stress was enormous and I said that I will never touch derivatives in my life (without a trading plan of course =)) Due to the current market and macroeconomic situation, I believe is the right time know to stop thinking about 2000% profits and take a serious approach to build a solid portfolio that can pass the bear market with little gain that is enough to exceed the current inflation. (Or we can short like the ultimate degenerates) If you are interested to help you with a custom portfolio that is created for the current market situation, you can DM me or manifest your intention in the comments. DISCLAIMER: I am not a financial advisor! I am just a degenerate who spent too much time studying =). I only want to practice portfolio building, and I strongly suggest to TAKE WITH A GRAIN OF SALT everything I suggest you... in the end is your money and your responsibility! *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CryptoCurrency) if you have any questions or concerns.*
Or ... maybe better, just take out a loan against it at a few percent then refinance it indefinitely. You keep the BTC. You don't pay taxes. You buy whatever you were going to buy. Instead of paying 15-30% in taxes, just pay 5% a year in interest (IIRC SALT is like 3.5%). Over the long run the appreciation should outpace.
Yes she does. She lives in Woodland Hills not Meadow Hills. Again, I am not trying to put my thumb on shit. I already have conceded the point 3 times already. It does not make sense to include all those taxes when talking about property taxes. But I wasn’t just specifically referencing property taxes will I made the original point. Why do you think I mentioned SALT?
I meant what she pays in total, including homeowners fees and all state/local taxes. Plus with the changes to SALT they just lost a major write-off. Average rent in SF is like $36,000 annually so I don’t know how anyone is making it only spending $50,000 a year.
This won’t do what we “need”. CA has had record surpluses these years so even more money is “great” but putting it places takes real effort or else you get the PPP fiasco. I’m all for taxing appropriately but there’s much better ways. Higher % tax on real estate at $5M plus. Higher taxes on in-rented real estate, especially in cities. If it does passes, I would hope they put it into revitalizing poor communities, better policing (by having different services that police should assist but not be the primary), etc. Be really focused or else it’s just a tax that serves little purpose except to hurt billionaires. If Musk had stayed in CA, he would have had around a $2B tax from CA when he exercised his shares. (Reform need to happen where the state you lived in, where you were granted those options, that any income associated with that does get taxed at that state). Perhaps instead of this, make taxes more progressive in CA. And for the love of this all, change the damn federal SALT limits because in CA, this is brutal. Figure out realky
You still got SALT Deductions so you can use that to get out of paying Crypto Tax Gains for paying Property Taxes with Crypto
Like the SALT you [promoted on your channel in February 2018](https://youtu.be/1-rTTwp7CCQ) when it was around $4 and currently at .10? What a shill job, truly pathetic. 2017 to 2022 and ZERO mental and/or ethical progress. ICO shilling in 2017 to dog meme shilling in 2022. Why-o-why hasn’t your channel subs grown?!?
Yeah both parties have their pros and cons. Definitely didn’t want Trump for another term. tried him out and he fuck me with the SALT limit.
Look up SALT Lending. They are charging about 6% interest. You could charge far less, 1% maybe, and still make a profit. Bitcoin-backed loans are incredibly safe (much safer than mortgages on homes), yet the interest rates are actually higher.
I like the SALT comment…. 🥂
Yeah I work in Tax and there was a lot of talk that the SALT cap was going to push New Yorkers and Californians to move states. We saw that a tad with the upper middle class but ultimately the point of being rich is to get what you want, do what you want, and live where you want without concern for the cost. So the millionaires and up just shrugged that their itemized deduction went down and kept enjoying beach front property in LA
Lol that is why dems are so eager to repeal the limit on SALT deductions. To give their billionaires a tax break. What, no pay your fair share? You are just another crazy prog who thinks the GOP is full of Billionaires, when it's actually the DNC
Save a click: *SALT LAKE CITY, Utah (KUTV) — As Utah lawmakers meet for the legislative session next week, they'll consider at least three bills dealing with cryptocurrency.* *Some feel Utah is well-positioned to capitalize on this rapidly-growing industry.* *“We love to be at the forefront. We're pioneers,” said Mick Hagen, CEO and founder of Utah-based Genesis Block. “We have that pioneer heritage.”*
Nah Im more of a SALT - Same As Last Time guy. Buy high sell low
The SALT deduction going up to 100k is not a middle class tax cut. Its mostly benefits people making 6 or 7 figures.
Thats just how Congress passes things for budgetary reasons. It would be political suicide not to renew it. Democrats are doing the same thing right now with raising SALT deduction caps.
yeah Trump seems against it but didn't do anything It seems outside of Trump theres more republicans for it though than democrats, and more democrats in congress/senate are staunchly opposed to it. The democrats are intentionally targeting crypto to fund the infrastructure bill. They would rather take money from regular people who invest in crypto than tax the rich, as evidenced by no tax changes apart from a tax CUT to the wealthy (SALT tax deduction). The democrats were introducing archaic regulation for crypto to make random coin projects count as freaking brokerages.
that's bullshit though..."the poor or stupid people scammed"...because what, someone buys some random shitcoin that gets pump and dumped? you see the same volatility with penny stocks (100% serious, go look up penny stocks right now and tell me if you can spot the difference between that chart and a shitcoin chart). But you don't see democrats get up in arms with that. This "concern" the democrats claim to have for poor those poor people getting scammed is 100% bullshit. They don't care. They caved on the infrastructure bill and the build back better plan that was supposed to help working families. They introduced a tax cut for wealthy people just now with the SALT deduction. They continue to support a system in which education costs people hundreds of thousands of dollars (biden went back on his promise of free community college - OF COURSE), and a healthcare system that is the #1 cause of bankruptcy in America. The one dude who wanted to change this shit (Bernie Sanders) was the Democrats #1 enemy. The democrats legitimately would rather Trump have won than Bernie Sanders. That's not exaggeration. Bernie polled considerably better vs trump than biden did vs trump, at all points in the primary. But rather than push the guy who had the best chance of beating trump, they continuously framed him as a lunatic and pushed for the old senile man who can't even say words.
It's one piece of the equation for sure Really I've slowly gone away from the democratic party the more I see how they are really any a party that is aligned with corporate interest and tricks us all into thinking they are pro average person through their political correct pro civil rights narrative. Elizabeth Warren claims to be anti banks but goes so hard after crypto it makes me think she is controlled opposition. Biden saying he wants to be like FDR but in reality he enacts policies that end up being a tax cut for the wealthy (infrastructure SALT deduction), and wants to increase tax collections from lower or middle income independent contractors and from millenials involved in crypto by hiring 80,000 more IRS agents. Just to give you some perspective, that SALT tax cut equates to $300 billion. Free college in America would cost \~50-80 billion per year. I'm a doctor who has hundreds of thousands of dollars in debt, my co-residents have over half a million. So yeah, seems like there is no point to the democrats. They are republicans who actually go after taxing lawyers and doctors more in order to avoid taxing the truly wealthy.
A grain of $SALT you say?? Now you're giving me PTSD on my SALT losses last bull cycle.
Federal government doesn't get any property taxes, if anything it reduces their revenues since you can deduct 10K of SALT and they're likely raising the SALT cap to 80K. A large proportion of stocks are held in tax free retirement accounts as well.
Just from what I follow SALT POLY SALT finally came out of a settlement with the SEC and is still doing business. Original token holders are eligible for compensation from the shady selling practices of the company though. POLY they somehow are launching a new token, and there will be a swap? Apparently they are still alive a kicking.
IOTA, REQ, OMG, SALT, VTC, probably to name a few [https://coinmarketcap.com/historical/20171217/](https://coinmarketcap.com/historical/20171217/) Scroll down the cryptos on here and see for yourself or look at some other historical snapshots
Bet she won’t even mention the Pandora papers or Panama papers. Or the SALT tax or the step up basis tax. Or shell companies.
I dca into SALT every spring I keep it in my pool cold wallet, until I run the heat pump, then it turns into hot wallet. But hopefully no one will steal it.