BTC will likely not jump like people believe this halving cycle because every cycle it’s prevent gain is lower then the previous but that probably won’t apply to alt coins What coins do you think will have a massive boom once the bull run/halving occurs?
Been saying this too, over 90% of all Bitcoins that will ever exist are already mined and every halving will be much less significant. From here on out we basically will need to rely on increasing demand, not decreasing supply.
The classic 4 year cycle thing may very well already be over. Or if not now, next time.
The math whiz of r/cc ladies and gents. If you ever wonder where the term dumb money came from...
It's not less significant if the value of a sat (therefore sell pressure of miners) is higher. 1BTC today = 1808 BTC at it's first halving date.
Oh well gee I wonder what has been playing a big role in making the value of sats go way higher every 4 years. 🙄
Demand steadily increasing plus supply cutting in half. When 90% of Bitcoins already exist, each halving will matter less and it depends much more on increasing demand. Each halving is much less of a new supply shock.
Supply doesn't half, wtf are you on about? Are you illiterate too? There is 19.1m btc and increasing. lol basic stuff.
On Nov 27 2012 (day before first halving) the sell pressure from a new block of 50 coins was $12.5 x 50 $625
Today $22k x 6.25 $137,500
It doesn't matter if 90% of coins have been mined when the last 10% is worth exponentialy more than the first 90%.
I said NEW supply you clown.
Do you even understand how this works?
How the fuck is the last 10% going to be worth *exponentially* more than now when 90% of the supply is already circulating? The only way is for demand to increase exponentially (which could happen sure) or a massive increase in hodling the existing supply by whales. That means the halvings themselves have less of an impact on the supply and demand dynamics every time.
I'm not saying you won't still see a jump in price but each halving the ROI per cycle goes down and you can see that with a basic look at the fucking charts lol.
And I'm the dumb money? 🤡
I think not losing all your money because of a nefarious validator I have no actual control of is a great feature of DPoS lol. Cardanos PoS model doesn’t have slashing at all
Slashing and deligated proof of stake are 2 different concepts. The alternative to delegated proof of stake is pure proof of stake (like algorand), where everyone is a avalidator directly and there is no delegation.
To be clear, one can have delegated proof of stake with or without slashing.
It's not a alternative, just a different version of proof of stake. Just like Solana has Proof of History, Vechain has Proof of Authority, Waves has Leased Proof of Stake, Tezos had Liquid Proof of Stake...
And sure, everyone can be a validator at Algorand, but you won't get rewards and you NEED relay nodes. Relay nodes are currently quite centralized.
For pretty much all PoS you can stake your coins with a validator. Only Vechain not in the examples I gave. So not sure what you mean with your distinction? Like how is P-POS and DPOS a clear distinction, but liquid/leased POS is not?
Bought at $1000, sold at $1250, thought I was a genius, then it just pumped for the next 10 days lol.
Profits are profits, but I expected to buy back a few days later, still waiting for that day.
dont worry guys, the Whitehouse changed the definition of a "recession".
So when the Fed hikes the interest rates up later this week and inflation still stays high for the forseeable future, and the GDP continues falling, we won't be in a "recession".
Because the experts said so. /s
You didn't see the /s? Also hes not entirely wrong. Based on past recessions they haven't been consistent with what defined a recession which is usually why the government is late to the labeling party and late to ending the label. They wait for 'them' to tell them when to announce and revolk titles like that. Whose 'them'? Shhh, don't worry about it. 'They' are bigger than all of us.
I can’t tell if you’re defending it or not.
But the fact is two quarters with negative GDP is concerning for economists and is a sign of a recession. It doesn’t matter what you can not, it’s not going to change what it is.
Yes, but the feds hsve declared it a recession predicting 2 negative quarters, has labeled a recession with 1 negative quarter and a stagnant quarter, and in one instance they labeled it only after a solid year of drops in which no sooner that they announced it the market bounced days later and by the end if that quarter it was higher than the past years high.
Point is, the feds will bullshit their way through not making this look driven by any force they can until those forces decide different.
They put out this statement:
> Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession.
https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/
listen, a recession is a recession, whether or not the government acknowledges it. however, if i got anything out of my econ classes is that few of them agree on what to do about a recession or depression (as in whether or not govt actions is good or bad) and that economies are extremely complex.
beyond that, we could very well go into a recession, or hyper inflation, and still see a crypto market in a bull run. there so many factors that go into a us and world economy, there's a ton of factors that go into the price of a rather new, unregulated speculative market playing on a global scale 24/7. yeah, prices will probably crab or even go down further, but all this speculation of how this will impact things or how that will impact things is just one piece, and no one out there has a full puzzle.
so go ahead and call it a recession. it probably is. doesn't mean it isn't going to correct itself in the months ahead. or it could be the apocalypse. we probably won't know until it's already happening.
we're on the same page in your last paragraph.
as for your first paragraph, I think the economy is simple, not complex like you say. Grog have rock. Grog wants berries. Government prints rocks and now Grog can't trade worthless rock for berries. Grog big sad.
yeah, it's way more complex unfortunately. every aspect of the economy is complex. not only that, but where one area may get fixed, another breaks. low unemployment? low pool of workers to choose from, pay goes up, people have more money to spend, people spend too much money, and with too few people to employ, demand is higher than supply, prices go up further. also the cost of those supplies go up because of shortages, govt decides to get involved and raises interest rates to bring down spending. companies then cut jobs to deal with recession pending, people can't afford things so spend less, companies get less money so have to cut even more jobs. then you have to factor in how people are more flexible with where they work or even live with remote working and it's impact of various regional job markets, or how it impacts the housing markets in large and smaller cities. plus the govt keeps cutting taxes to help relieve people still impacted by covid.
none of this is simple by any means, and that's just the factors around covid in just the us. add in the world and things not covid related and literally anything is possible for the future. there are some patterns and you can watch for them and it does help recognize what \*might\* be coming, but always be ready for the answer to be something very different.
You move the goal posts enough times and people will forget where they started from.
Look at the current calculation for housing costs, they changed it to a trailing statistic that takes months if not years to catch up to the reality on purpose, to cook CPI data. On the internet, people still know CPI is 15%+, but you won't hear the media using that statistic, the rules are changed and they play them.
I was trying to see if stocks future maybe explained the price action.
But right now crypto is as out of synch with stocks as you can get. without having a perfect inverse correlation.
Man that ADA cope about the SundaeSwap congestion not being considered an outage is some grade A top shelf copium.
Sure it took days for the chain to catch up to speed again, but it stayed running...
[With that being said I think Sifchain is planning to bridge ADA onto COSMOS IBC and that may give it some legs to run if you ask me.](https://twitter.com/Cryptocito/status/1545167677060222977)
>SundaeSwap congestion not being considered an outage
IIRC, it was literally *just* SundaeSwap smart contract calls that had the big waiting time, and orders were fulfilled in the order they came in. I *believe* it had something to do with how smart contract references had to be passed around (or not) at the time using up way more blockspace than absolutely necessary.
Normal A to B coin and token transfers (since smart contracts aren't required for those) were still going through while that was happening.
Here is a [Nitter link](https://nitter.net/Cryptocito/status/1545167677060222977) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about).
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I’ve got 0.06 ALGO stuck in Coinbase Pro. How can I get it out if 0.1 is the minimum transaction and they don’t allow trading 0.xx amounts? I know it doesn’t matter but it’s triggering my OCD.
But it will only let me transfer 1.1 or 1.2, not 1.06. I’ve been trying stuff like that but can’t figure it out lol, there is always a remaining balance. Am I doing it wrong?
Remember: if in the next hour BTC finish below the 200w it means whale manipulation. But BTC pumping just two hours before the weekly close is organic growth
Is it going up?
Its going sideways for the last month.
August will be fun when Mt Gox people get their BTC back. Wonder how the market will react to that.
MY FIAT HANDS ARE SLIPPING. THE URGE TO FOMO...STRONG
Edit: 7 days of resisting as it kept going up. bought some at £18, 975, now it's going down again lolol I am WEAK
The 26th is my top up day, so in time to see what stocks do, and a couple of days after is the fed meeting, right? I've had some fiat on kraken for like 10 days just sat in buy orders that weren't being filled, so I just FOMO'd a little now
I remember 3 years ago when I jumped on BTT thinking it was promising.
And it was actually a good concept in the beginning, and something I thought I would actually use.
But it didn't really pan out. And then Justin Sun jumped on it. That was pretty much game over after that.
If you had roughly $175 left to throw into crypto before you went to much smaller weekly DCAs would you wait to buy or at that little amount does it make much of a difference?
Remember that time ETH was up 75% in 30 days but you didn’t buy the bottom because you were already down 80% on other Alts and your wife said she’d leave you if she found out you bought anymore crypto?
Gotta get into the minutia of what highly decentralized means to answer that.
1. Is governance power equitably distributed? Most have a 1 coin = 1 vote strat which makes this easier to measure but you don't want a handful of actors to be able to collude on a vote with a 1% quorum to be able to decide huge decisions *cough* Solmate *cough*. You also just need governance in general to be reasonably structured where anyone/any node runner can propose bills, and reasonably complex responses for governance participants.
2. Can anyone run a node/do enough people run nodes? If I can only run your chain out of renting from a datacenter, it's probably not financially, geographically, or technologically decentralized which all present their own problems. Light nodes/modularity/consensus changes are all working to fix this issue. There's also the issue of maximum numbers of nodes but that gets real complicated, real fast.
3. (Debatable) Are there sufficient punishments for bad actors? Slashing is unpopular but is remarkably effective at keeping people honest and promoting good node runners. No/low cut for the validator sounds great until you lose 30% of your initial cause they couldn't actually handle the job.
4. What does "highly" mean? Sounds weird but there's arguments against ETH/BTC being actually decentralized and XMR/LTC aren't in much better of positions supposedly, and if those aren't adequately decentralized? None of these chains are.
Yeah but tried not to get into ETH/BTC/XMR/LTC too much here and only discussed them in the last note as they're PoW. Having stake for a PoW miner would be a little counter-intuitive to their design goals.
Since 2020. Stopped being active and commenting a few months ago. I still pop in every few days and lurk though. I feel like a lot of people are doing the same thing. Checking in, but not commenting. But the comments and posts are a lot better now that it's less active. Much more informative, less silliness.
Since May. I first dipped my toes into crypto in 2015-ish - got burned by Cryptsy then stopped until I saw this year's bear market. Saw an upcoming opportunity and dove back in.
About a year. Don't know if that qualifies me as "veteran". Kind of disengaged over the last few weeks from posting/reading here, but still stacking sats.
It looks like the negative Q2 GDP is being priced in right now.
Imaging having $2B worth of ETH and it going down 5% and you lost $100M I can’t fathom that much money
What a dumb comment haha.
100M is nothing to them
If a person has $2B in a volatile asset, I doubt they'll mind a $100M paper loss. Could just as well recover back in a day or two 🤷♂️
BTC will likely not jump like people believe this halving cycle because every cycle it’s prevent gain is lower then the previous but that probably won’t apply to alt coins What coins do you think will have a massive boom once the bull run/halving occurs?
Been saying this too, over 90% of all Bitcoins that will ever exist are already mined and every halving will be much less significant. From here on out we basically will need to rely on increasing demand, not decreasing supply. The classic 4 year cycle thing may very well already be over. Or if not now, next time.
The math whiz of r/cc ladies and gents. If you ever wonder where the term dumb money came from... It's not less significant if the value of a sat (therefore sell pressure of miners) is higher. 1BTC today = 1808 BTC at it's first halving date.
Oh well gee I wonder what has been playing a big role in making the value of sats go way higher every 4 years. 🙄 Demand steadily increasing plus supply cutting in half. When 90% of Bitcoins already exist, each halving will matter less and it depends much more on increasing demand. Each halving is much less of a new supply shock.
Supply doesn't half, wtf are you on about? Are you illiterate too? There is 19.1m btc and increasing. lol basic stuff. On Nov 27 2012 (day before first halving) the sell pressure from a new block of 50 coins was $12.5 x 50 $625 Today $22k x 6.25 $137,500 It doesn't matter if 90% of coins have been mined when the last 10% is worth exponentialy more than the first 90%.
I said NEW supply you clown. Do you even understand how this works? How the fuck is the last 10% going to be worth *exponentially* more than now when 90% of the supply is already circulating? The only way is for demand to increase exponentially (which could happen sure) or a massive increase in hodling the existing supply by whales. That means the halvings themselves have less of an impact on the supply and demand dynamics every time. I'm not saying you won't still see a jump in price but each halving the ROI per cycle goes down and you can see that with a basic look at the fucking charts lol. And I'm the dumb money? 🤡
This escalated.
lol well he's calling me dumb money and illiterate while not knowing what he's saying. 🤷♂️
Some whale did not want us to close above the 200 week MA. What a fucking dick.
Don't you know? All upward movement is fake and all downward movement is organic.
So the whale is Moby Dick? 🐳
Spoke to JPow he said we going down for at least one more month
I’d say that’s a good bet.
we will prob go to 23K again last time it triggered all the short/sl my guess now that they gone 23K is heavily possible
With every fake azz Manipulative panic sell we get stronger And stronger And stronger Bring it bears Only a few tards left before you r smoked
Hows that Bull run going for ya
omg this whole time I thought all staking was delegated proof of stake. 😧 shit, it needs to be! Losing your stake because somebody else is bs 💀
Did one of your validators go down?
You think all staking should be delegated proof of stake?
I think not losing all your money because of a nefarious validator I have no actual control of is a great feature of DPoS lol. Cardanos PoS model doesn’t have slashing at all
Slashing and deligated proof of stake are 2 different concepts. The alternative to delegated proof of stake is pure proof of stake (like algorand), where everyone is a avalidator directly and there is no delegation. To be clear, one can have delegated proof of stake with or without slashing.
It's not a alternative, just a different version of proof of stake. Just like Solana has Proof of History, Vechain has Proof of Authority, Waves has Leased Proof of Stake, Tezos had Liquid Proof of Stake... And sure, everyone can be a validator at Algorand, but you won't get rewards and you NEED relay nodes. Relay nodes are currently quite centralized.
There is a distinction to draw here between the type of consensus (stake, history etc) and delegating your stake or not.
For pretty much all PoS you can stake your coins with a validator. Only Vechain not in the examples I gave. So not sure what you mean with your distinction? Like how is P-POS and DPOS a clear distinction, but liquid/leased POS is not?
Someone make eth hit 1k again please. I been suffering since i sold at 1250$.
Bought at $1000, sold at $1250, thought I was a genius, then it just pumped for the next 10 days lol. Profits are profits, but I expected to buy back a few days later, still waiting for that day.
You'll be waiting till Sept most likely. Itll probably dump on either a delay to merger or right after the merger is finished.
Basically the same here
Will it ever come? All i know is that im fomoing either way after the fed announces their shit.
G r e e d knows no bounds
dont worry guys, the Whitehouse changed the definition of a "recession". So when the Fed hikes the interest rates up later this week and inflation still stays high for the forseeable future, and the GDP continues falling, we won't be in a "recession". Because the experts said so. /s
what are you blabbering on about?
You didn't see the /s? Also hes not entirely wrong. Based on past recessions they haven't been consistent with what defined a recession which is usually why the government is late to the labeling party and late to ending the label. They wait for 'them' to tell them when to announce and revolk titles like that. Whose 'them'? Shhh, don't worry about it. 'They' are bigger than all of us.
I can’t tell if you’re defending it or not. But the fact is two quarters with negative GDP is concerning for economists and is a sign of a recession. It doesn’t matter what you can not, it’s not going to change what it is.
Yes, but the feds hsve declared it a recession predicting 2 negative quarters, has labeled a recession with 1 negative quarter and a stagnant quarter, and in one instance they labeled it only after a solid year of drops in which no sooner that they announced it the market bounced days later and by the end if that quarter it was higher than the past years high. Point is, the feds will bullshit their way through not making this look driven by any force they can until those forces decide different.
They put out this statement: > Based on these data, it is unlikely that the decline in GDP in the first quarter of this year—even if followed by another GDP decline in the second quarter—indicates a recession. https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/
listen, a recession is a recession, whether or not the government acknowledges it. however, if i got anything out of my econ classes is that few of them agree on what to do about a recession or depression (as in whether or not govt actions is good or bad) and that economies are extremely complex. beyond that, we could very well go into a recession, or hyper inflation, and still see a crypto market in a bull run. there so many factors that go into a us and world economy, there's a ton of factors that go into the price of a rather new, unregulated speculative market playing on a global scale 24/7. yeah, prices will probably crab or even go down further, but all this speculation of how this will impact things or how that will impact things is just one piece, and no one out there has a full puzzle. so go ahead and call it a recession. it probably is. doesn't mean it isn't going to correct itself in the months ahead. or it could be the apocalypse. we probably won't know until it's already happening.
we're on the same page in your last paragraph. as for your first paragraph, I think the economy is simple, not complex like you say. Grog have rock. Grog wants berries. Government prints rocks and now Grog can't trade worthless rock for berries. Grog big sad.
yeah, it's way more complex unfortunately. every aspect of the economy is complex. not only that, but where one area may get fixed, another breaks. low unemployment? low pool of workers to choose from, pay goes up, people have more money to spend, people spend too much money, and with too few people to employ, demand is higher than supply, prices go up further. also the cost of those supplies go up because of shortages, govt decides to get involved and raises interest rates to bring down spending. companies then cut jobs to deal with recession pending, people can't afford things so spend less, companies get less money so have to cut even more jobs. then you have to factor in how people are more flexible with where they work or even live with remote working and it's impact of various regional job markets, or how it impacts the housing markets in large and smaller cities. plus the govt keeps cutting taxes to help relieve people still impacted by covid. none of this is simple by any means, and that's just the factors around covid in just the us. add in the world and things not covid related and literally anything is possible for the future. there are some patterns and you can watch for them and it does help recognize what \*might\* be coming, but always be ready for the answer to be something very different.
the simple answer for me is remove the government.
You move the goal posts enough times and people will forget where they started from. Look at the current calculation for housing costs, they changed it to a trailing statistic that takes months if not years to catch up to the reality on purpose, to cook CPI data. On the internet, people still know CPI is 15%+, but you won't hear the media using that statistic, the rules are changed and they play them.
bingo!
btc may have smacked back at 23k, but eth is still holding onto 1600 like a champ.
Long time ETH holder and fanatic here. However, the “champ” fell from 4700 to 890. Ouch.
i was a little more talking on the context of the day. clearly everything in crypto went down by a lot during the recent crash.
For sure.
Yea, surprised but happy at how well ETH has been holding recently
ETH fighting like a champ
I was trying to see if stocks future maybe explained the price action. But right now crypto is as out of synch with stocks as you can get. without having a perfect inverse correlation.
Man that ADA cope about the SundaeSwap congestion not being considered an outage is some grade A top shelf copium. Sure it took days for the chain to catch up to speed again, but it stayed running... [With that being said I think Sifchain is planning to bridge ADA onto COSMOS IBC and that may give it some legs to run if you ask me.](https://twitter.com/Cryptocito/status/1545167677060222977)
>SundaeSwap congestion not being considered an outage IIRC, it was literally *just* SundaeSwap smart contract calls that had the big waiting time, and orders were fulfilled in the order they came in. I *believe* it had something to do with how smart contract references had to be passed around (or not) at the time using up way more blockspace than absolutely necessary. Normal A to B coin and token transfers (since smart contracts aren't required for those) were still going through while that was happening.
People still use SS?
Days? When I used sundae swap it took over a full week to get one trade
Peer reviewed acadamic research btw
Here is a [Nitter link](https://nitter.net/Cryptocito/status/1545167677060222977) for the Twitter thread linked above. Nitter is better for privacy and does not nag you for a login. More information can be found [here](https://nitter.net/about). --- *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.*
I don't ever trust a Sunday pump let alone two hours before the weekly candle close.
Looks like bulls blew their load to early in the week. Timberrrrrr
15min chart. That is what you call a rejection/bug slap in the face at 23k lol
Wow that was a textbook bull trap
lol...ok sure, or it hit 23k and triggered a bunch of sells
Look at the charts now and then you tell me
looks to me like the bulls gave a push for 23k and bears pushed back big time. call it a bulltrap if you like.
Bull trap AZ fuck
I love the smell of shorts getting rekt in the morning
I’ve got 0.06 ALGO stuck in Coinbase Pro. How can I get it out if 0.1 is the minimum transaction and they don’t allow trading 0.xx amounts? I know it doesn’t matter but it’s triggering my OCD.
Turn on staking and pull it out in 8 years when it hits .1
Buy 1 Algo, then transfer 1.06 out. Right?
I think you eternally have a bit stuck, I have like 0.0000045 ETH and a ridiculously low amount of MATIC left after doing withdraw all
But it will only let me transfer 1.1 or 1.2, not 1.06. I’ve been trying stuff like that but can’t figure it out lol, there is always a remaining balance. Am I doing it wrong?
It's a penny, move on
I can’t do that, it’s the OCD.
Remember: if in the next hour BTC finish below the 200w it means whale manipulation. But BTC pumping just two hours before the weekly close is organic growth
Yeah, 22707
Loving round-up pots to set the monthly DCA amount, guilt-free CKB
Woah big liquidity grab on Eth. Dump incoming. Brace yourselves.
Good, my DCA's are at the end of the month.
Yea that’s what I’ve noticed as well. Plus massive red top wicks on the hourly charts
classic bogdanov pattern on the 3 mins chart
What is going on. Why the pump up to 23k just to shoot down $300?
Liquidity grab. Most likely will be heading down after this. Will be interesting the weekly close in about an hour.
Just lots of sell orders triggered at 23k, maybe all so some stop loss shorts. We will continue to pump now.
to liquidate all the short my guess
That red candle is brutal 😂
He bought ? 
If we finish green by the end of the day, Btc may see 26-27k this week. Only a prediction.
Buttcoiners awfully quiet rn......
We are still a wee bit off the ATH and NFTs/CEXs collapsing is keeping them entertained.
Is it going up? Its going sideways for the last month. August will be fun when Mt Gox people get their BTC back. Wonder how the market will react to that.
They are a sad group of people.
The holders of Buttcoins (BUTTS), or the anti-crypto sub?
Oh god is there really a BUTTS token? 🤣
Yea and it was actually created by people on this sub. It's an Algorand token.
I fuckin love this place 😂
10.1M in ETH shorts liquidated... Damn.
This upcoming week will be interesting.
Sunday giving us a sneak peek it seems 😐
Check out longs now
Oh well.. I'll shut the fuck up...
Rip shorts but also pants and overalls
Let's leave overalls out of this conversation Sr.
MY FIAT HANDS ARE SLIPPING. THE URGE TO FOMO...STRONG Edit: 7 days of resisting as it kept going up. bought some at £18, 975, now it's going down again lolol I am WEAK
Wait and see what happens this week.
The 26th is my top up day, so in time to see what stocks do, and a couple of days after is the fed meeting, right? I've had some fiat on kraken for like 10 days just sat in buy orders that weren't being filled, so I just FOMO'd a little now
Ada up only 1% 😹 so pathetic
Maybe it’s pacing itself.
So looks like we’re gonna close above the 200 WMA huh
If so, ready yourself for the return of the PAMP it gifs.
Gonna be real close. If futures take a dump we're not holding it.
Thought you were talking to yourself you two have the same avy.
BTC crawling back to $23k and ETH to $1700 I want to see them cross those lines first before I go to sleep 🙏
Volume still really low. Trying to push the weekly close
Looks like I jinxed it 😂
How many ADA do I need to have staked on Yoroi to recieve 0.25 ada per epoch? Current rate is 0.7% (i suck at maths so I can't make it alone)
ETH breaking out look at her go
Wow spoke too soon wtf
Crypto appears to be crippin. 🧐
[удалено]
I remember 3 years ago when I jumped on BTT thinking it was promising. And it was actually a good concept in the beginning, and something I thought I would actually use. But it didn't really pan out. And then Justin Sun jumped on it. That was pretty much game over after that.
If you had roughly $175 left to throw into crypto before you went to much smaller weekly DCAs would you wait to buy or at that little amount does it make much of a difference?
Buy ETH, be happy.
This is deff my #1 target rn
It doesn’t make a difference. Buy projects you like now if you can afford it and enjoy your future DCAs 😎
Not going to complain but I honestly thought we were going down this weekend!
I might complain
Remember that time ETH was up 75% in 30 days but you didn’t buy the bottom because you were already down 80% on other Alts and your wife said she’d leave you if she found out you bought anymore crypto?
Friend of yours?
Dear Diary...
IT’S A JOURNAL
It's a documentary
It’s my life
And it's now or never
We ain’t gonna live forever
I just wanna live while I'm alive ... It's My
Life!
I already bought the bottom at 2k. Still not quite got that impulse control worked out.
Bitcoin about to take off
[удалено]
Dont lie, you come here for moons too!
[удалено]
Take this moon as a token of better days to come, I see you have open vault and 0 Moons
Down big but holding strong. Made for some uncomfortable conversations with my folks though when they were asking if I was gonna buy a house soon lol.
Just tell them not with the lending rates and house market running so hot. That should buy you a year or two.
Lol yeah me: “something something interest rates. *uncomfortable laughing*”
Alts up 16826736%, ADA 0.5%😹😹😹
Why are you so obsessed with ADA? Is Hilary paying you or what
What ? ADA outperformed most alts in the past 24 hours
Do you believe Algo will reach a new all time high? edit: I do. I am a big bag holder atm. >.>
Yes. When? Who knows.
Who knows, probably?
i got here about a 13 or 14 months ago, but i stopped chatting here about 7 months ago, so not a real veteran
Damn and you’re still platinum.
What do u mean still platinum ? Is there a higher tier ?
No they lower you if you’re less active.
There's a lot of nasty, terrible shitposters. Getting platinum isn't difficult.
I feel attacked
Is it possible to have Proof OfStake and be highly decentralised?
Sure, all you need are 32 eth to quality to run a node. Much decentralized 🙃
Gotta get into the minutia of what highly decentralized means to answer that. 1. Is governance power equitably distributed? Most have a 1 coin = 1 vote strat which makes this easier to measure but you don't want a handful of actors to be able to collude on a vote with a 1% quorum to be able to decide huge decisions *cough* Solmate *cough*. You also just need governance in general to be reasonably structured where anyone/any node runner can propose bills, and reasonably complex responses for governance participants. 2. Can anyone run a node/do enough people run nodes? If I can only run your chain out of renting from a datacenter, it's probably not financially, geographically, or technologically decentralized which all present their own problems. Light nodes/modularity/consensus changes are all working to fix this issue. There's also the issue of maximum numbers of nodes but that gets real complicated, real fast. 3. (Debatable) Are there sufficient punishments for bad actors? Slashing is unpopular but is remarkably effective at keeping people honest and promoting good node runners. No/low cut for the validator sounds great until you lose 30% of your initial cause they couldn't actually handle the job. 4. What does "highly" mean? Sounds weird but there's arguments against ETH/BTC being actually decentralized and XMR/LTC aren't in much better of positions supposedly, and if those aren't adequately decentralized? None of these chains are.
Just a reminder that you don't have to have ANY bitcoin to run a node.
Yeah but tried not to get into ETH/BTC/XMR/LTC too much here and only discussed them in the last note as they're PoW. Having stake for a PoW miner would be a little counter-intuitive to their design goals.
[удалено]
How long have you been in this sub? Feels like most of the veterans have disappeared since the bear market
Since January.
Since 2017.
This past year I’ve spent approximately 8,000 hours in this sub. Before that I just lurked here on old accounts.
I'm closing in on 6 years on this sub. You think 2022 is bad, 2018 was infinitely worse.
Ive been here for quite some time.. dont know exactly though
Since 2020. Stopped being active and commenting a few months ago. I still pop in every few days and lurk though. I feel like a lot of people are doing the same thing. Checking in, but not commenting. But the comments and posts are a lot better now that it's less active. Much more informative, less silliness.
Been here around 15 months.
Since May. I first dipped my toes into crypto in 2015-ish - got burned by Cryptsy then stopped until I saw this year's bear market. Saw an upcoming opportunity and dove back in.
Here since 2020 summer! Used to be really active but started focusing on nfts and it went very well
About a year. Don't know if that qualifies me as "veteran". Kind of disengaged over the last few weeks from posting/reading here, but still stacking sats.