Official Cryptocurrency Thread: Skepticism to Speculation to FIGHT! FIGHT! FIGHT!

Discussion in 'The Mainboard' started by Nantucket, Jan 29, 2017.

  1. user15000

    user15000 Well-Known Member

    Ya I readily admit that the security model and incentive model when all coins are mined is something that could cause the btc network to fail in a worst case scenario. It’s obviously a known problem, and there’s a ton of content addressing and exploring it. I’m comfortable with how many in the btc community view the issue but sadly won’t be around to see it. It could be tested far sooner if the block reward is “too small”, whatever that amount is. Otherwise, my kids’ (who don’t exist) kids will have to live through that.
     
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  2. PaulKemp

    PaulKemp Well-Known Member
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    XMR solved that problem along with a handful of others
     
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  3. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Hopefully we just hit another bottom. 664m worth of BTC transfered out. (could be to another DEX, but who knows)
    upload_2021-11-12_8-59-52.png
     
  4. HuskerInMiami

    HuskerInMiami Well-Known Member
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    upload_2021-11-12_9-3-11.png
     
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  5. user15000

    user15000 Well-Known Member

    If that’s the comparison you draw between the 2 variables in the original chart, then not sure there’s a whole lot more to talk about.
     
  6. user15000

    user15000 Well-Known Member

    Gee this sounds familiar.

     
  7. Andy Reocho

    Andy Reocho Please don't get lost in the sauce
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    Fuck it. OK.
     
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  8. HuskerInMiami

    HuskerInMiami Well-Known Member
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    What would happen if an electromagnetic pulse hit Earth...or a specific miner? I was thinking about this on my way home when I wished I had an EMP gun to ruin this guys loud ass bass (and car) at a red light. If I wanted to hurt a specific miner, could I use a targeted EMP to disrupt or harm them? I'm sure there's more tech savvy ways to ruin electronics by now.
     
    letan likes this.
  9. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I just bought 152.32 TRIBE on Coinbase ($200 @ 1.29). I'm selling if it hits $2 so I can exit with $100 profit.
     
  10. brolift

    brolift Well-Known Member
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    $GRLC halving is less than a month away. Loading up before it goes parabolic
     
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  11. PaulKemp

    PaulKemp Well-Known Member
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    I’m disappointed that I’m learning about this from brolift, jorge

    Bags packed though. Let’s go
     
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  12. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Is GarlicCoin a meme coin? I only read the bio on CMC, but it says the creators wanted to start a meme coin.
     
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  13. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    I aped on BSC last night
     
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  14. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I was thinking about moving 20k into USDC on Celsius. How risky is it to leave money on a site like that? I have a lot more than 20k on it in other crypto, but guess I never worried about it.

    If the validator they have my ETH on is slashed, am I screwed?
     
  15. brolift

    brolift Well-Known Member
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    Transactionable meme coin. It’s an asic resistant litecoin fork with a fix 69M (nice) supply, and is totally community developed. Community is pot committed. The wiki is really robust and the discord is v active. Checks a lot of boxes you want in a meme coin. plus garlic bread is so good.
     
  16. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Sold.
     
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  17. PaulKemp

    PaulKemp Well-Known Member
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    If you need assistance purchasing Garlicoin, here is a speed run

     
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  18. jorge

    jorge Founder of Post ITT if your team sucks
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    it warms my heart to see you guys pick up bags for garlic. we've been working real fucking hard for months.
     
  19. Arrec Bardwin

    Arrec Bardwin He ain’t me, he can’t be me
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    You had me at Garlic Bread
     
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  20. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    They do validator staking for ETH? I have a BTC on there and no issues. All my ETH is on Lido and then collateralized with bonded Luna on Terra.
     
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  21. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Good $TRIBE thread, more of the same case tho…







     
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  22. Gallant Knight

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    waiting on a 10k wire from gemini that i initiated yesterday and their entire platform is down. tight
     
    Tug likes this.
  23. user15000

    user15000 Well-Known Member

    On the supply chain thing, are supply chain issues really driving inflation? I heard mentioned on multiple podcasts this week that imports, particularly at our largest ports, are at record highs. The 20 minute mark of the on the brink pod this week gets into it: https://podcasts.apple.com/us/podcast/on-the-brink-with-castle-island/id1480586463?i=1000541564521
     
  24. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    They suck so bad.
     
  25. Lyrtch

    Lyrtch My second favorite meat is hamburger
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    look at the biggest drivers of our inflation measures and read about why those things are spiking in price, the ports are wildly backed up for also a bunch of supply chain and logistics reasons

    if you can handle Weisenthals trolling of people like you most of his reporting is on this very issue
     
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  26. user15000

    user15000 Well-Known Member

    The podcast I linked is on this very issue. Volume at largest ports in the US are at all time highs. More money in the system causing an uptick in demand for goods is kinda exactly what inflation is; the fact it overwhelms supply chains due to more money and more demand is kind of missing the point.
     
  27. soulfly

    soulfly Well-Known Member
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    “Hosts Matt Walsh and Nic Carter of Castle Island Ventures explore the political, ethical, and economic significance of Bitcoin and other public blockchains and talk to some of the leading experts in the industry. Learn more and stay up to date at CastleIsland.vc and follow on twitter @CastleIslandVC”

    :pissmonkey:
     
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  28. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I meant they have my ETH and I assume run validators with it. I was going to buy more so I had a total of 32 ETH, but didn't. Really wish I had (bc it was around 2,200 at the time). I guess I still can buy more, but I wouldn't be a validator anyway. Too scared I'd fuck it up and lose it all.
     
  29. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I posted this in the investing thread, so I'm going to post it here too in case anyone is looking to get a Celsius account.

    Join Celsius Network using my referral code 15286001d4 when signing up and earn $50 in BTC with your first transfer of $400 or more! #UnbankYourself


    Coinbase referral for new lurkers in the thread.
    Sign up for Coinbase using my link and we can each get $10 in Bitcoin https://www.coinbase.com/join/newstr_qk?src=ios-link
     
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  30. brolift

    brolift Well-Known Member
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    Folks. The garlicoin discord is a hoot.
     
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  31. user15000

    user15000 Well-Known Member

    Ah yes solid retort. Reminiscent of dbl’s response to anything posted itt.
     
  32. soulfly

    soulfly Well-Known Member
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    You have to realize how fucking ridiculous this is. Literally everyone is saying there’s a supply issue right now. Your response is to post some fucking podcast from Bitcoin people saying that’s incorrect. It’s absurd :laugh:
     
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  33. user15000

    user15000 Well-Known Member

    My response is the following:

    Injects trillions of dollars into the economy. Demand for goods goes up. Prices of goods goes up. “Inflation isn’t due to injection of money it’s….supply chain issues stemming from…*checks notes* the increase in demand for goods because we injected trillions of dollars into the economy.”

    Do supply chain issues exist? Yep sure do. Is the volume at the largest ports at all time highs? Yep sure is (hint: this is where you should question the supply chain=inflation narrative). Are supply chain issues the first level cause of inflation? Lol no.

    The hilarious part is that the main btc advocates have called this entire global macro environment since March 2020: the inflation, the inability to raise rates, btc as the hedge—all of it.
     
    #18733 user15000, Nov 12, 2021
    Last edited: Nov 12, 2021
  34. jorge

    jorge Founder of Post ITT if your team sucks
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    The supply chain issues are from supply chain compression due to a complete stoppage of the global economy for a month.
     
  35. huskerrolly

    huskerrolly Well-Known Member
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    so what’s a good buy right now?
     
  36. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    You want to gamble? You want to diversify long term?
     
  37. brolift

    brolift Well-Known Member
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    Litecoin and garlicoin
     
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  38. jorge

    jorge Founder of Post ITT if your team sucks
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    it's dino szn
     
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  39. letan

    letan Just looking for the gator board
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    join our $tribe
     
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  40. huskerrolly

    huskerrolly Well-Known Member
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    i’m a noob, just looking for help tbh.
     
  41. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    Ok, lemme put it this way… have you ever purchased anything on Robinhood?
     
  42. huskerrolly

    huskerrolly Well-Known Member
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    nope. I bought a small part of a bitcoin in 2017. Just starting out with small investments rn.
     
  43. danny2430

    danny2430 Well-Known Member
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    I would start with some SHIBA and DOGE, with some smaller bags in JASMY and FLOKI
     
  44. Struggler

    Struggler Well-Known Member
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    Wanna buy some Factom?
     
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  45. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    BTC and ETH if you want to hold something relatively safe for an inherently risky asset class for 10+ years.

    If you want to gamble a little I like $TRIBE which is currently selling at ~.70¢ discount to it’s fair/book value.

    It’s the governance token for the FEI protocol/DAO and participates in the tokenomics of its stable coin FEI. A stable coin is a crypto token meant to maintain peg with the something to maintain price stability, usually a USD/$1, and is backed by a reserve asset, in FEI’s case that is 100% Ethereum/ETH. Some stable coins are backed by multiple assets. The reason a fully ETH backed stable coin is intriguing is bc ETH is the backbone of Defi. If adopted widely throughout the Defi ecosystem, the revenues earned through the buying, selling, burning of FEI will make TRIBE more valuable. If dissolved tomorrow the assets the DAO treasury holds (ETH), if sold/liquidated, would give every TRIBE holder ~$1.95 per TRIBE… it’s currently selling on Coinbase for ~$1.25… so it’s worth .70 more than it is selling for.

    Cliffs:
    Reason 1 to buy - it’s worth $1.95 and selling for $1.25.
    Reason 2 to buy - if widely adopted/used, it could be worth $3+.

    Risks: all typical crypto risks… a hack, bug in the code someone exploits and steals, loss of peg in a market crash, reserve asset tanks in a crash (unlikely), etc. It could be awhile before enough people notice it’s currently undervalued, or no one cares bc it never becomes popular/widely adopted, and since its functioning/operational there’s not enough votes to dissolve the DAO and cash out, so you sit at whatever price for however long.

    There’s posts in the last few pages with twitter links laying more of this out in detail.

    Good article here about FEI growing pains during the spring crypto crash when it lost its peg by a lot, but recovered. https://www.coindesk.com/policy/2021/04/12/defi-governance-needs-better-tokenomics/
     
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  46. Chumbolone

    Chumbolone Wigglin’ my toes on a mink rug…
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    -Interoperability and UX… gist of it
     
  47. PaulKemp

    PaulKemp Well-Known Member
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    You'll find that the community is largely unhelpful, shilling, or guessing. It takes a lot of digging and patience to find real winners. I'll give you a few of my wayyy under the radar picks:

    1. https://www.spheroiduniverse.io/ : Imagine augmented reality ads everywhere. Now imagine that they were powered by blockchain technology

    2. https://about.like.co/ : I think they're applying immutable upvotes and downvotes or something to the Dewey Decimal system

    3. https://vidy.com/ : hyperlinks become videos that can be played or ignored. ivy league founders. blockchain is obviously imperative for this technology to function

    4. https://masq.ai/ : site seems to be down, but they were doing a really cool thing with a totally new internet 6 months ago

    5. https://evedo.co/ : ticketing should be done via blockchain for very obvious reasons
     
  48. PaulKemp

    PaulKemp Well-Known Member
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    and by "community" I meant out in the general communities. This one is great. No /s
     
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  49. kennypowers

    kennypowers Big shit like a dinosaur did it
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    Currently 1/3 BTC, 1/3 ETH, rest split between SOL and AVAX. Joining the TRIBE gang shortly.