Cryptocurrency

ianoconnor

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Nov 11, 2007
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I feel like I missed too much of the hype already. I could be wrong though. Also, I really hate Solana. I used it last cycle and it went down all the time. Also, for an L1 it is way to centralized for my taste.
I'm an Algorand maxi but have dabbled very small amounts in SOL. In $Harambe now lol.
 

AdRock4Cy

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Jul 21, 2010
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I did the Coinbase Super Bowl ad and got $15 in free bitcoin. That was what, 2 or 3 super bowls ago. Anyway, Coinbase does this rewards thing where they give you free crypto for learning about some obscure cryptocurrencies. I do them every time and exchange the value for the obscure stuff for BTC. My account is over $100 as of today and I’ve never invested a dime of my own money in crypto. I’m going to see how far I can make this free BTC go. Anyone else do this and actually paid attention to it since the viral ad?
SAME!. I tried to do a Yearn learing thing and i ended up sending $35 worth of Eth to someone randomly and now its worth over $100. And no returns! Live and Learn.
 

Clonehomer

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Apr 11, 2006
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Whoops


Best comments under the article:

I thought cryptocurrencies were great because they weren’t regulated and didn’t need to be regulated? Getting arrested for manipulating their code feels like they’re relying on local governments to help regulate it. What happens when someone does something similar in a country that doesn’t care as much about wire fraud?
 

cyfan92

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Sep 20, 2011
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Curious what everyone's long term allocation startegy is to crypto?? Are you per coin, per asset class, and what % do you hold?

I'm less than 1% of assets but looking to grow that to 5%. I'm in my early 30's and do not day trade, this is a long term allocation.
 

TrailCy

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Mar 3, 2021
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The variables most strongly correlated with cryptocurrency ownership are “are being male, having a victimhood mindset, and relying on alternative/fringe social media as one’s primary news source,” according to the study.

 

JustAnotherTimeline

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Jul 29, 2021
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Just a friendly reminder that as the most powerful and decentralized network in the world remains unaffected by this outage.
 

Bader

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Just a friendly reminder that as the most powerful and decentralized network in the world remains unaffected by this outage.
Stock Exchanges are working fine too. For a more apt comparison casinos are also operating fine AFAICT. Care to explain why (some) banks are affected by CrowdStrike but (some) bitcoin exchanges aren't?
 

JustAnotherTimeline

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Jul 29, 2021
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Stock Exchanges are working fine too. For a more apt comparison casinos are also operating fine AFAICT. Care to explain why (some) banks are affected by CrowdStrike but (some) bitcoin exchanges aren't?

Not exactly sure what you are getting at here, but I was referring to the actual Bitcoin network. No idea which if any btc exchanges are affected or not.

The Bitcoin network is the larger by orders of magnitude than any of the members of the tech-oligarchy. It is also the most secure because it lacks a single point of failure.

There is a reason why nodes don't automatically update their software.
 

TrailCy

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Mar 3, 2021
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If Bitcoin is decentralized why is it crashing when global stocks crash? Hmmm
 

siklon

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Aug 11, 2010
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If Bitcoin is decentralized why is it crashing when global stocks crash? Hmmm
When global markets are volatile, investors often become risk-averse. This can lead them to selling both stocks and crypto, as they need to preserve capital. Economic indicators like rate hikes, inflation and geopolitics can also affect both trad and defi markets.
 

siklon

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I suggest reading "Broken Money" by Lyn Alden. She does a fantastic job explaining the problems with our current monetary system and how bitcoin was designed to solve inflation as an open-source technology.

Another good read is "Check Your Financial Privilege" by Alex Gladstein. He is the chief strategy officer at the Human Rights Foundation. His book highlights 90% of the world population is born into weaker systems and authoritarian regimes. He has great stories of how it has helped everyone from Palestinians, to nearly the entire global south.