I still think you are way too long in centralized databases. No reason why something like IFPS could not be a solution. I mean, open sea artists use it for multi million dollar art! But I know we've been here before you and I
Cryptocurrency
- Thread starter Playboi Carti
- Start date
I still think you are way too long in centralized databases. No reason why something like IFPS could not be a solution. I mean, open sea artists use it for multi million dollar art! But I know we've been here before you and I
Dpends on the crypto. If you have BNB, ADA, or things like that at least stake them. You can have them in a Ledger or hardware wallet and stake them. It would take the entire network going down for you to lose them.
I wouldn't stake ETH 2. Mainly because you don't know what that release date is. Also the rates you get you might as well just do Celsius or BlockFi.
If you are doing the LP route you really need to mess around with it and get comfortable. Try something like CAKE. Or maybe grab something like SOS/ETH.
Cool..thx. I'm on track then ..my Ada is staked and I'm Celsius for btc/eth. Also I'm farming a little on Animal Farm on BSC. Gains are crazy good. But I suppose I am at risk for some kind of rug or contract risk. I don't know how to quantify that tho
Yeah sounds like you got it sorted out pretty well. Now take some of that ETH and go really gamble with NFTs
This. Distributed ledger tech will have useful applications in securities clearing/settlement, supply chain and other business workflows, in a controlled manner. No way I’m buying a house then having some ****** show up looking to move in because he hacked a digital wallet or other store.
But I still don’t think it has value as a currency. USD is a fully digital currency now - push or pull payments, venmo/paypal, credit/debit cards, wireless card readers that swipe anywhere. I can go the rest of my life without cash. Secure, frictionless, no fees, regulatory protections, virtually no energy use. Cryptocurrency will never have all that. And don’t tell me crypto is an inflation hedge when there are 1800 of them with no real barrier to entry. If merchants started accepting crypto as payment on a large scale it would be incredibly inflationary.
As for NFTs, here’s the outlook (apologize if previously posted).
Yeah sounds like you got it sorted out pretty well. Now take some of that ETH and go really gamble with NFTs
Dude, I found VEVE 12 months ago before the initial pump. Did pretty decent when I sold the 1 series Batman, Harley, etc NFTs. Was my big win of 2021. Bought Bitcoin with the profits. I saw I was early and they had an app and DC liscense. Felt like a strong bet. But now, I have no idea how to evaluate the current nft market. I'm gun shy. Any tips?
I would love to spend hours explaining all this. But I won't. If you don't get NFTs great. You will someday. A lot of people thought the internet was some nerds chatting on AOL. Turns out it was a bit more disruptive.
VEVE is good because of the licenses. But it's like training wheels. I'd get some Tezos and go onto objkt.com and just buy something. Then sell it. Try FXhash.xyz to mint something. If you like it and get the hang of it move on to Opensea and ETH. I could list projects and Discord servers to join but those are all really price and risk dependent. You can DM me here if you want. I've basically spent the last 1 year of my life boring everyone I know with NFT talk.
I have a lot to say about this but I will limit it to two comments concerning Bitcoin and it's clear advantage over the dollar.
1. There will only ever be 21 million of them. How is M2 looking these days?
2. The token economics can't be changed by anyone. As for the dollar? The whole world watches 12 boomers meet every couple of months to decide their financial fate. Pass.
You may not see the value, but enough people do. It's inevitable.
Because you’ve increased the money supply. Sure if you buy 1 bitcoin on an exchange for $40K then buy a car with that bitcoin it’s not inflationary. The car seller can sell the bitcoin for $40K on the exchange and it’s a wash. Assuming price stability (“and that’s a big hypothetical”).
But if you come out with a new crypto called bigcoin and buy that car straightaway then you’ve minted $40K in new currency. Assuming the seller is willing to accept it. While bitcoin purports to be an inflation hedge because it has finite supply, there are hundreds of other coins that want to be bitcoin. With more on the way.
Certainly not inevitable. Not when the total market cap of all cryptos combined is about the same as the aggregate value of residential real estate in Boston. They’re still basically like speculative stocks, except with no products, services or revenues.
Bitcoin and equity valuations are inflated now (and largely move in tandem) because the Fed WAY overshot on monetary stimulus the last 13 years. And now it’s become political. The Fed’s twin mandates of managing inflation and unemployment have taken a backseat to propping up the markets. But that can’t go on forever. When the markets peaked in January the total US equity market cap was 1.7 times annual GDP (when 1 times has historically been the peak) and the P/E of the S&P 500 was 2.2 times the historic average. Eventually the Fed will raise rates and equities will fall closer to historic valuations and most cryptos will wash out. And El Salvador will be looking for a new president.
Currency is only valuable if a group agrees to it's value. Inflation refers to the decrease in buying power per unit of a specific currency. That is not what you are describing here as far as I understand your example.
I know most about btc so I'll stick to that. What you describe is certainly an anxiety I have. Since btc has only been in existence in times of QE and money printing it will be interesting to see how it responds to less favorable conditions.
Btc could drop to maybe the 200 wk sma. Maybe wick below it for awhile. But I maintain that it is a unique asset and it will stand the test of time. The adoption curve mirrors the internet. I truly think smart money is long btc. Like long term, 10 years plus.
I am surprised at your perspective on the value of btc. If you understand the history of money it's value is quite clear imo.
Thanks for the great Convo!!
Yes, good debate. Most of the time on message boards it becomes antagonistic and personal. For all I know you may have gotten in very early and be a crypto millionaire. In which case you win either way because you’re cashing out on the way down and hodling USD, which you can actually use to buy stuff.
Btw, I always dismiss the common refrain that “well some people said the Internet was a novelty and wouldn’t amount to anything” (paraphrasing). Terrible comparison to cryptocurrencies. Thousands of Internet services have improved business and personal lives in countless ways (sans many social media services we’re coming to find out). But after a dozen years bitcoin has yet to prove that it has any value at all. It may still but it won’t be low hanging fruit like Amazon, Orbitz, you name it.
The internet didn't show up and change things on day one either. It took a long time; longer than 12 years. BTC isn't going to do any of this. BTC is gold or a store of value. It will be ETH that does all this. Really L2's on ETH. ETH has NFTs, Defi, transfer of value. There are blockchains right now to sell unused GPU or CPU time. There are blockchains that verify the food you eat is what's it's supposed to be and from where it's supposed to.
Algo? Interesting. I feel like I've tried NFTs on every blockchain and I haven't even heard of anyone doing them on Algo. What's the biggest blue chip NFT on Algo? I gotta go check this out.
Yea, it's definitely still early all things considered in the Algo NFT space. The transaction fees are super low (especially compared to ETH). Al Goanna is the biggest blue chip. MNGOs & Flemish Giants a couple others.
MNGO NFT Collection
M.N.G.O is an exclusive collection of 3000 NFTs living on the Algorand blockchain.
mngo.xyz
Flemish Giants - Algorand NFT
*edit: great intro on getting started in Algo NFTs here: https://kkhoneynft.com/how-to-algo-nft
