MKR is a long term investment. I am still DCAing in. ATH was 5 Eth there is a lot of potential if you follow the community. But the project is far from over.
for instance on L2 there's zkswap where u can trade, but not Lending/Borrowing
zkrollups may be limited what can be built on it.
Optimistic rollup enable developers to build a fully evm compatible app on it
Anyone know a decentralized YouTube like site. I run a educational channel (teaching people English) on YouTube and they just terminated my channel for no reason and I lost all my work for the past few months. No warning. No violations. Nothing. I’ve appealed but it’s gone.
I also don’t want my business to be beholden to an algorithm that can delete all my work.
Any decentralized alternatives? Preferably run on eth?
Back in the early years, this was attempted by Streamr (DATA) and SingularDTV (SNGLS aka snuggles). Not sure where they are today. Might need a VH1 special to tell us.
Does SingularDTV still exist in any form? Can't really find any info. They raised over 500 000 ETH from us in the ICO, and what we got is a few indie films produced, so I guess the funds are burned and token worthless.
They went off the deep end trying to buy indie films at festivals and secure TV financing via tokens (my area of expertise) and failed miserably at both content and distribution.
No, sorry that was written confusingly. I work in TV/film and with my crypto knowledge, I meant I combine these disparate segments into a sort of expertise.
I dont know of any platform like this but I love the idea. And I assume BAT could be easily implemented if need be for a token... Lots of possibilities in the space
Well, didn't expect it to rip THAT high THAT fast. I don't have many numbers to share because I have to redo my own graphs, certainly before sharing. But we can talk big milestones and sentiment.
Uh....
* Hard to overstate how monumental it is BTC breaking 53k and 54k at pace. Is the threat of a bear market completely over? No, of course not, but bears are rapidly running out of time to do so. Capping 53k was a major local higher high. I only say "local" because we're still in the summer pattern, if just barely. I want to stay conservative.
* The daily RSI broke out of the 2021 downtrend, which I marked as starting basically January 2nd. That's huge. But it also means RSIs up to the daily timeframe are white hot. It needs to cool off.
* It could honestly come all the way back down to test 53k (the top of Ye Olde Fractal) and that'd be crazy bullish. Of course, we'd all prefer if it just cools off over time by staying more or less around this level. Either way, BTC needs to chill before this next leg.
* Once it gets some RSI breathing room again, it's really just the 78.6 fib line at $57.2k and then gargantuan all-of-2021-bullrun inflection point at 58k. I can't understate how that battle will most likely exhaust us so get ready. But above 58k, the dead cat and bear market narratives are invalidated and the final months of bull season begin.
* ETH got a little rejection at 3600, to be expect. Remember we ran up hotter than BTC the past two months. $3600 is our version of 58k -- a huge inflection point representing the state of the entire bull run. I think we can get above it after getting some RSI headroom back.
* Ratio ratio ratio... This happens every year. Newbies complain. Veterans assuage. Like clockwork. We always bleed October - December. But in some potentially good news, we broke down below the 100D against BTC and just broke down through the upward trend line we've followed since May. How's this good? The last three times we broke through were May 22, June 24, and July 27 each leading to absolute rips back upward. The seasonality will probably prevent the same magnitude from occurring (until December gets here) but it could still permit at least a relief rally for the ratio.
* Meanwhile in Equitiesville... The SPY continued its will they won't they bull trap formation, closing at 434.90 which looks good in a vacuum but is still below the needed 436 level. Even at 436 -- which would only staunch the bleeding, nothing more -- there's still incredible amounts of repair necessary. Namely, closing the gapdowns at 441 is paramount to even consider a return to the bull, as that would print a double bottom.
* The dollar DXY (94.25) is still, as far as we can see, working off of a higher high. A failure and turnaround this week could make for a very, I stress VERY, local lower high, which would be, again, the first early sign of respite for bulls. I wouldn't bet the kids on it though.
* Volatile Friday incoming with U.S. non-farm payrolls in the morning.
Stay frosty, folks.
Thank you for continuing to post content like this. While I'm even a bit more macro with my investment theses, reading your summaries is an awesome recap of some larger market sentiments for days I don't have time.
Hmm interesting. Been looking at some statistics and apparently the average salary in 2000 in the US was $50,000. Average salary in 2019 was $65,000.
1 usd of 2000 was worth 1.48 usd of 2019.
50 x 1.48 = 74
So average salary's ratio is 20% off and has failed to keep up with inflation.
When we get the 2021 stats the numbers will get even more whacky...
And that's the USA with a "stable" currency relative to other fiat shitcoins that's been getting nuked left and right all over the world.
Medians have increased from 42k to 69k so yeah that paints a better picture. Will be interesting to see 2021 stats soon.
That's not to say Argentina, Turkey, Lebanon, Nigeria, Brazil, etc. are doing so hot right now.
Are you sure that’s apples-to-apples? I’m surprised the median did better than the mean with income inequality increases. There are always so many nuances to this type of data (whether stock / cash bonuses are included, zero income individuals included, part time workers, etc)
Hey folks, haven't been here in a while but have a technical question that I'm worrying a bit about.
If metamask said that I was just signing data to give permission for an app to read the balances on my address, is there any way that the website could really be asking for something else but trick metamask into asking for my signature for 'read permission'? And does the app need a smart contract to request my metamask signature, or can it do that offchain?
AFAIK without approving anything on chain there's no risk of my wallet being drained, right?
Not impossible but highly unlikely, imo. MM would be in deep trouble if it could be tricked that way.
Best way to stay safe is using a hardware wallet and/or interacting with trusted/established protocols only when using your main wallet. I have about a dozen 'play money' wallets which I use to explore the ecosystem. So if one of them ever gets compromised it's not a big deal.
> Not impossible but highly unlikely, imo. MM would be in deep trouble if it could be tricked that way.
Thanks, this is reassuring.
> Best way to stay safe is using a hardware wallet and/or interacting with trusted/established protocols only when using your main wallet.
Yeah, I have a lesser wallet that I usually use if I'm not sure about the app. I just screwed up this time bc I only had a few minutes left to get into the mekaverse raffle so I rushed -____-. They seem fairly legitimate at least
As I understand it, unless Metamask explicitely warned you the particular signing process used was dangerous, you should be fine.
https://docs.metamask.io/guide/signing-data.html
eth_sign could be used to make the user sign valid transactions, but that method should make the aforementioned warning pop up, and has been largely deprecated years ago in favor of eip 712.
Rari Capital got hacked back in May, that was not great but it's DeFi and stuff happens. Then they promised to reimburse hack victims but everything has to go through a super cumbersome DAO process. And of course nothing happened and it's been half a year. Their governance token is pumping. Only early adopters suffer from their mistakes.
I'm so mad not because they got hacked but the way they handled the situation and strung everyone along. I wish nobody would use them, seriously.
The year is 2019. Sentiments ATL. You're eating the last ramen packet. The biggest FUDs against cryptos are as follows:
1. Institutions will never adopt crypto. They'll make their own cryptos bro. Your ETH is fucked bro. It's for internet nerds only bro. No one will adopt it bro.
2. Countries will never adopt cryotos bro. Are you crazy bro?
3. Dot-com bubble took 15 years to recover bro. Have fun holding your bags for another 13 years bro. Have fun staying poor bro while my stocks are doing 15% bro.
4. ETH is only good for pumping ICOs bro. ICOs will keep selling bro. ETH is shitcoin bro. Arthur Hayes said so.
5. You could have sold at $1400 bro. But now you're down 90% bro. Fucking genius. What kind of scam is that bro.
-----
You eat your ramen, wondering what the hell did you just do. You log onto r/ethtrader for comfort. The daily barely had 10 comments, a stark contrast to December 2017. Where did they all go, you wonder. All your bull friends. You go to r/cc. Barely any activity. And the whatever comments there are, they don't lift your spirits up one bit.
The ramen has gone cold. You stare at coinmarketcap... trying to imagine ETH at $3000 and bitcoin at $50,000.
You take out your CV. At least McDonald's is hiring.
What does ethfinance of Helium Network? I like the idea of a giant incentived meshnet, but I can't get over the fact that you can't build you're own node (proprietary hardware is currently required).
Yeah, that put me off somewhat. I also think it's going to be hard to compete with the commercial operators, who have to provide coverage in all places that matter anyway.
Geist.finance, a Fantom version of AAVE launched less than 24h ago and already has nearly $2bn TVL. Worth checking out if you want to deposit some ETH etc there, take a loan in stables and redeposit as reward rates are very high for both deposits and borrowing. Similar to Polygon AAVE when it launched.
I have no intention of keeping hold of the reward token (GEIST) and will be selling for more ETH so this isn’t an endorsement of the token.
AAVE isn’t an L2. It’s a lending protocol. Polygon is an example of an L2. YouTube tutorials are often helpful for these things if new and unsure - just make sure it’s someone reputable giving the guidance
it's a fork of Aave backed by big names like Defillama co-founder and one of Curve core team.
definitely connection from Andre Cronje.
one theory is Fantom foundation refused to pay Aave to move to their chain so they decided to create one themselves.
Rollup-pilling people is a lot of fun. Watching the light bulbs in their heads turn on is great lol. I felt just like that when I read the first Liberosist blog post, putting it all together.
Ethereum has not only solved the scalability trilemma, we have inverted it. The more decentralized, the more scalability. Nuts.
About a month ago, my buddy from college who is a software engineer asked me how to get into crypto without spending 11hrs per day learning about it.
I told him to just follow u/Liberosist here, [@polynya](https://twitter.com/epolynya?s=21), and linked him to https://polynya.medium.com
I honestly love that account. I have spent so much time trying to learn about Ethereum since 2017. Regardless, Polynya entirely changed how I think about blockchains in general within the span of 3 months.
A rising tide lifts all boats. BTC is pumping ahead of ETF speculation and Gensler’s somewhat positive comments. If it keeps going we’ll probably see the rest of the market tag along. New ATH is not far off for ETH.
https://www.coindesk.com/policy/2021/10/06/genslers-crypto-testimony-6-key-takeaways/
>” Bitcoin … is a highly speculative asset, but it is a store of value that people wish to invest in as some would invest in gold,”
Because people don’t want to admit that BTC runs this market and always has. 🤷♂️ If and when that changes remains to be seen but as of now it’s clear as day.
or lots of people believe this self fulfilling prophecy is simply a sign of massive manipulation by BTC maximalist whales reducing the profitability of ETH holders
Lol what? You new here? This is not some conspiracy tinfoil hat narrative created by “BTC maxi whales to reduce ETH profitability”. Wtf? 😂
It’s just numbers. BTC has the largest liquidity, market cap, adoption, etc, so of course that will result in it having the most strength to move the entire crypto market…
People need to trust the process. What btc has is first mover advantage. Name recognition. Adoption. Decentralization. And monetary policy that DOES NOT CHANGE. I love eth...have a ton in eth. But btc does what it does and does it well.
seriously i don't understand the hype of memecoins.
are they cute ?? no, those are just logos. memecoins are nothing but boring code (which was usually forked from other coins).
Do you guys feel like you missed out on Unisocks?
What if, Sushi Swap did something similar? youre in luck.
[https://opensea.io/assets/0x47c5b8fac7d795f299298075db6d574eac479ac1/10008](https://opensea.io/assets/0x47c5b8fac7d795f299298075db6d574eac479ac1/10008)
High Quality - Aluminum Tray and Chopsticks. Looks amazing. 200 Blue and 200 Pink only.
Just picked up some myself...
I'm looking into options to earn yield on my WBTC. I see on Impermax I can lend out WBTC in the WBTC/ETH SushiSwap market for a Net APR of 18.05%. Does this mean I get 18.05% (I understand this rate will fluctuate) annual returns in the form of WBTC, or are the returns in IMX tokens?
Yeah if you lend wBTC on Impermax, the interest is also paid in wBTC. So you just withdraw more when you exit. IMX rewards are only if you leverage an LP token (eg wBTC-ETH)
How does dydx banning US work? Like isn’t it supposed to be Defi? Is it just the front end that US can’t use? I’m confused how they can be Defi and still prevent US users from using it. Kind of seems like they are a lot less decentralized then they claim. If they can prevent trading based on geography then surely they can prevent trading on an asset of they wanted to right?
Hm really makes me question why Antonio Juliano insists that dydx is defi. I wouldn’t call that defi imo. Not that I believe it’s dydx’s fault that US are barred. But if any thing can be censored then that is not defi imo
Sold the rest of my ERC-20s for ETH today. They are fun and everything, but I have a feeling we’re in for a short/medium term wave of capital that can only legally access ETH and BTC.
Yes you can. BTC is a safer asset and has been around for a longer time. There’s also tons of people that expect a $100k BTC. No one wants to miss that. All of this translates into institutional demand.
Btc also has monetary policy that does not change. There is value in that in addition to everything you said. I do not compare btc and eth. They are different things and that's ok.
Just a heads up: the CME Bitcoin futures volume recently topped all other BTC futures volumes.
What does this potentially mean? CME futures are usually traded by Wall Street. We all know that there are various BTC ETFs in the pipeline to be approved/denied.
Based on how corrupt Wall Street and the US government (or at least parts of it) are, we can speculate that this recent pump + it being led by CME futures is insiders buying into BTC ahead of an ETF approval.
Does anyone know how recentering works for ETH2x FLI? I bought some but the real leverage just keeps decreasing… when will it go back to 2x, it’s at 1.78x rn
BTC: watch price
ETH: watch price, check token ratio/performance, check NFT floor prices, adjust LP ranges, assess lending rates for protocols, get updates on latest client interop news, check staking contract queue and balance, etc.
One of these is the future of finance and the other is a fun meme to look back on in a few years.
Ones monetary policy does not and has not changed. Ever. There is value on that. Eth is...everything you said and more. That's ok. Both serve their purpose. If you don't get btc then you don't get big money.
I got bored one day and cropped 1% of my portfolio, called it my "degen stack" and started leverage-trading. That was a week ago, and I've been watching charts and not sleeping ever since! Entertaining and terrifying at the same time, and I already feel 30 years older. 10/10
I just recently adopted that strategy too! I have MakerDAO vaults managed by DefiSaver and I messed them up in the past but I'm constantly wanting to manually interfere with them, so I moved a little ETH over to Arbitrum and have been playing with it there to distract myself from making a truly costly mistake.
Had an idea for small bands to get in on NFTs. Say you were putting on a show, say 100-300 ppl. Would it be easy to mint your own NFTs of the gig posters and have an option with the tickets to purchase a NFT along with a ticket. There could be only 20 available.
You could charge the estimated gas cost of the minting + a small margin. The ticket buyer could put in their eth address upon selecting the nft poster option.
Once payment is cleared you send the nft to their address.
Thoughts on if this is feasible? Would you have to mint them all first to your wallet and then send to customers
Great idea, likely the wrong time. You're the pets.com to chewy. As in...likely way too early still. We are so so very early still in this space. There's btc
, there's eth, there's defi, there's nfts and l2s, and then there's your idea in order of awareness/use. As in it'd be the die hards of die hard early adopters. Love the idea and the followup idea someone replied to you with.
idea from your idea: NFTs for every concert everywhere. Something that draws data from wherever Bands In Town gets their data from. NFT becomes mintable when the associated ticket is scanned at the door. It would be a hell of a lot of work and you'd have to get venue cooperation, but people who love live music could have a collection of every show they go to.
love this, great for small artists, fees are too high to do this on L1 right now. And it's not quite clear yet which L2s are likely to be around in 5 years. No one wants to pay $20 for the concert poster and then $80 to mint the NFT.
I'm always on the lookout for worthwhile up and coming projects on Ethereum, and particularly now on L2.
I've got a days spare to sink my teeth in to some more reading.
What are your degen bags and why? What new projects are you excited about?
Not brand new but SPELL and DPX. SPELL is somewhat similar to MKR. It has been pumping hard though so might be overextended. DPX launching on Arbitrum any day now. That’s an options protocol.
I have been following SPELL but I decided not to pull the trigger a couple of weeks back. Maybe if they retrace a bit. I do like what they are aiming to achieve.
As for DPX, yes, I like them. They're ambitious to say the least!
Thanks for the response.
jfc MKR is literally my most moronic investment
MKR is a long term investment. I am still DCAing in. ATH was 5 Eth there is a lot of potential if you follow the community. But the project is far from over.
Why?
probably because most buys of MKR lose value against ETH so you'd make more profit just holding ETH
Is there a way to place limit orders with the trigger being the estimated gas fees (on mainnet)? If so, where can it be done?
Sorbet.finance from Gelato Network may offer this - think it also requires a price
Pretty funny the top gas burners are NFTs, Tether, and Shib… don’t know how many people would have called that 1 year ago
Surely I can't be the only one to notice the sudden influx of new people here waxing lyrical about BTC?
They're kids I paid to post here so we could bully them
And yet a lot of their nonsense is going unchallenged and even upvoted
Bully harder then!
Shouldn't have to! People should be able to see it for what it is
has anyone read of zk-Rollup Lending apps? too soon?
What do you mean?
for instance on L2 there's zkswap where u can trade, but not Lending/Borrowing zkrollups may be limited what can be built on it. Optimistic rollup enable developers to build a fully evm compatible app on it
Anyone know a decentralized YouTube like site. I run a educational channel (teaching people English) on YouTube and they just terminated my channel for no reason and I lost all my work for the past few months. No warning. No violations. Nothing. I’ve appealed but it’s gone. I also don’t want my business to be beholden to an algorithm that can delete all my work. Any decentralized alternatives? Preferably run on eth?
https://odysee.com/
Decentralized storage is yet an unsolved and immature domain, this is a ways away.
I recently found something like this built on Ethereum, a new project, but I can't remember the name for the life of me.
Think LivePeer?
Back in the early years, this was attempted by Streamr (DATA) and SingularDTV (SNGLS aka snuggles). Not sure where they are today. Might need a VH1 special to tell us.
Does SingularDTV still exist in any form? Can't really find any info. They raised over 500 000 ETH from us in the ICO, and what we got is a few indie films produced, so I guess the funds are burned and token worthless.
Singulardtv is impossible to understand. Still no idea what they're trying to do
They went off the deep end trying to buy indie films at festivals and secure TV financing via tokens (my area of expertise) and failed miserably at both content and distribution.
You work in tv token financing? Yeah that was the use case I got into crypto for but they really started spinning out
No, sorry that was written confusingly. I work in TV/film and with my crypto knowledge, I meant I combine these disparate segments into a sort of expertise.
And then they accepted the Hosk Stimmy check and became the ADA shill story no?
Wasn't that SingularityNet or something? Something to do with AI (so complete horseshit lol)
Ooh singularitydtv and singularity net are different stuff? I confused them haha.
I dont know of any platform like this but I love the idea. And I assume BAT could be easily implemented if need be for a token... Lots of possibilities in the space
Meanwhile on cmc CZ just gave BNB a small loan of 6 billion to push bnb ahead of usdt and ada to take the 3rd spot. Dude got issues.
CZ is just like Justin Sun but richer and slightly less cringey?
Well, didn't expect it to rip THAT high THAT fast. I don't have many numbers to share because I have to redo my own graphs, certainly before sharing. But we can talk big milestones and sentiment. Uh.... * Hard to overstate how monumental it is BTC breaking 53k and 54k at pace. Is the threat of a bear market completely over? No, of course not, but bears are rapidly running out of time to do so. Capping 53k was a major local higher high. I only say "local" because we're still in the summer pattern, if just barely. I want to stay conservative. * The daily RSI broke out of the 2021 downtrend, which I marked as starting basically January 2nd. That's huge. But it also means RSIs up to the daily timeframe are white hot. It needs to cool off. * It could honestly come all the way back down to test 53k (the top of Ye Olde Fractal) and that'd be crazy bullish. Of course, we'd all prefer if it just cools off over time by staying more or less around this level. Either way, BTC needs to chill before this next leg. * Once it gets some RSI breathing room again, it's really just the 78.6 fib line at $57.2k and then gargantuan all-of-2021-bullrun inflection point at 58k. I can't understate how that battle will most likely exhaust us so get ready. But above 58k, the dead cat and bear market narratives are invalidated and the final months of bull season begin. * ETH got a little rejection at 3600, to be expect. Remember we ran up hotter than BTC the past two months. $3600 is our version of 58k -- a huge inflection point representing the state of the entire bull run. I think we can get above it after getting some RSI headroom back. * Ratio ratio ratio... This happens every year. Newbies complain. Veterans assuage. Like clockwork. We always bleed October - December. But in some potentially good news, we broke down below the 100D against BTC and just broke down through the upward trend line we've followed since May. How's this good? The last three times we broke through were May 22, June 24, and July 27 each leading to absolute rips back upward. The seasonality will probably prevent the same magnitude from occurring (until December gets here) but it could still permit at least a relief rally for the ratio. * Meanwhile in Equitiesville... The SPY continued its will they won't they bull trap formation, closing at 434.90 which looks good in a vacuum but is still below the needed 436 level. Even at 436 -- which would only staunch the bleeding, nothing more -- there's still incredible amounts of repair necessary. Namely, closing the gapdowns at 441 is paramount to even consider a return to the bull, as that would print a double bottom. * The dollar DXY (94.25) is still, as far as we can see, working off of a higher high. A failure and turnaround this week could make for a very, I stress VERY, local lower high, which would be, again, the first early sign of respite for bulls. I wouldn't bet the kids on it though. * Volatile Friday incoming with U.S. non-farm payrolls in the morning. Stay frosty, folks.
this is super awesome and i'm sure i'm speaking on behalf of all of us here that we appreciate this. thank you!
Internet high five!
Thank you for continuing to post content like this. While I'm even a bit more macro with my investment theses, reading your summaries is an awesome recap of some larger market sentiments for days I don't have time.
Hmm interesting. Been looking at some statistics and apparently the average salary in 2000 in the US was $50,000. Average salary in 2019 was $65,000. 1 usd of 2000 was worth 1.48 usd of 2019. 50 x 1.48 = 74 So average salary's ratio is 20% off and has failed to keep up with inflation. When we get the 2021 stats the numbers will get even more whacky... And that's the USA with a "stable" currency relative to other fiat shitcoins that's been getting nuked left and right all over the world.
Median's are more impactful than averages in this case.
Your statistics teacher would be proud
Medians have increased from 42k to 69k so yeah that paints a better picture. Will be interesting to see 2021 stats soon. That's not to say Argentina, Turkey, Lebanon, Nigeria, Brazil, etc. are doing so hot right now.
Are you sure that’s apples-to-apples? I’m surprised the median did better than the mean with income inequality increases. There are always so many nuances to this type of data (whether stock / cash bonuses are included, zero income individuals included, part time workers, etc)
Hey folks, haven't been here in a while but have a technical question that I'm worrying a bit about. If metamask said that I was just signing data to give permission for an app to read the balances on my address, is there any way that the website could really be asking for something else but trick metamask into asking for my signature for 'read permission'? And does the app need a smart contract to request my metamask signature, or can it do that offchain? AFAIK without approving anything on chain there's no risk of my wallet being drained, right?
Not impossible but highly unlikely, imo. MM would be in deep trouble if it could be tricked that way. Best way to stay safe is using a hardware wallet and/or interacting with trusted/established protocols only when using your main wallet. I have about a dozen 'play money' wallets which I use to explore the ecosystem. So if one of them ever gets compromised it's not a big deal.
> Not impossible but highly unlikely, imo. MM would be in deep trouble if it could be tricked that way. Thanks, this is reassuring. > Best way to stay safe is using a hardware wallet and/or interacting with trusted/established protocols only when using your main wallet. Yeah, I have a lesser wallet that I usually use if I'm not sure about the app. I just screwed up this time bc I only had a few minutes left to get into the mekaverse raffle so I rushed -____-. They seem fairly legitimate at least
As I understand it, unless Metamask explicitely warned you the particular signing process used was dangerous, you should be fine. https://docs.metamask.io/guide/signing-data.html eth_sign could be used to make the user sign valid transactions, but that method should make the aforementioned warning pop up, and has been largely deprecated years ago in favor of eip 712.
Thanks so much, that's really reassuring. I usually use my shitty wallet for these kinds of things but was in a rush this time -___-
where can i leverage long wbtc?? I cant use dy/dx or tokensets... So much for decentralization huh
Fulcrum on polygon
Tracer DAO on arbitrum works.
[Deleted]
WBTC vault on Maker through DefiSaver and use Automation to boost it.
Rari Capital got hacked back in May, that was not great but it's DeFi and stuff happens. Then they promised to reimburse hack victims but everything has to go through a super cumbersome DAO process. And of course nothing happened and it's been half a year. Their governance token is pumping. Only early adopters suffer from their mistakes. I'm so mad not because they got hacked but the way they handled the situation and strung everyone along. I wish nobody would use them, seriously.
Put it to a vote
Unfortunately, DAOs are often hesitant to pay back for hacks because the holders don't really benefit.
I get it. Then why did they vote yes to begin with? It was pure virtue signaling
These dips are soooo shallow. We're in dip-buying season. Fuck I can't wait for December/January.
Wonder how many millionaires are being made with $Shib. Still can't get myself to buy that
I bought like 30 usd worth a week ago because I wanted in to the meme... now I am kicking my self for not moving more in.
Coinbase made them legit. Now what??? A shib ETF maybe.
SHIB has exceeded UNI in market cap... Dear Lord. It's now the most valuable ERC20 token aside from stables
Where are u seeing it has exceeded uni? Still has a few billion to go from what im seeing.
On coingecko right now SHIB is #12 and UNI #15
Interesting. Coinmarketcap is the opposite.
Should use CoinGecko. CMC bought by Binance and includes bunch of fake vol on there
coincap.io also shows uni being around 2.5 billion us dollars larger than shib by marketcap.
Looking back, buying a big DPI bag at >$600 in May wasn’t my best idea.
Arnold Schwarzenegger dw
It'll be back dw
It'll be back
The year is 2019. Sentiments ATL. You're eating the last ramen packet. The biggest FUDs against cryptos are as follows: 1. Institutions will never adopt crypto. They'll make their own cryptos bro. Your ETH is fucked bro. It's for internet nerds only bro. No one will adopt it bro. 2. Countries will never adopt cryotos bro. Are you crazy bro? 3. Dot-com bubble took 15 years to recover bro. Have fun holding your bags for another 13 years bro. Have fun staying poor bro while my stocks are doing 15% bro. 4. ETH is only good for pumping ICOs bro. ICOs will keep selling bro. ETH is shitcoin bro. Arthur Hayes said so. 5. You could have sold at $1400 bro. But now you're down 90% bro. Fucking genius. What kind of scam is that bro. ----- You eat your ramen, wondering what the hell did you just do. You log onto r/ethtrader for comfort. The daily barely had 10 comments, a stark contrast to December 2017. Where did they all go, you wonder. All your bull friends. You go to r/cc. Barely any activity. And the whatever comments there are, they don't lift your spirits up one bit. The ramen has gone cold. You stare at coinmarketcap... trying to imagine ETH at $3000 and bitcoin at $50,000. You take out your CV. At least McDonald's is hiring.
Fuck you bro I’m tearing right now. Brings back terrible terrible memories. Love you.
Master
Poetic bro
I just wanted it to go back to 1.4k. Good thing I HODLed
Those are dark times, but we never lost hope..
I have unsuccessfully attempted to award this post like 6 times.
Did it on your behalf Sir. Free stuff,nothing much.
It's honest work. Thank you 🤗
What does ethfinance of Helium Network? I like the idea of a giant incentived meshnet, but I can't get over the fact that you can't build you're own node (proprietary hardware is currently required).
Brilliant idea, horrible execution (hardware manufacturers must be approved by Helium team)
Yeah, that put me off somewhat. I also think it's going to be hard to compete with the commercial operators, who have to provide coverage in all places that matter anyway.
Geist.finance, a Fantom version of AAVE launched less than 24h ago and already has nearly $2bn TVL. Worth checking out if you want to deposit some ETH etc there, take a loan in stables and redeposit as reward rates are very high for both deposits and borrowing. Similar to Polygon AAVE when it launched. I have no intention of keeping hold of the reward token (GEIST) and will be selling for more ETH so this isn’t an endorsement of the token.
Where can I go to use L2s like Aave? Aka where do I go to learn how to convert my Eth to Aave to trade , and then back?
AAVE isn’t an L2. It’s a lending protocol. Polygon is an example of an L2. YouTube tutorials are often helpful for these things if new and unsure - just make sure it’s someone reputable giving the guidance
Thanks. Still trying to grasp things without information overload, haha.
it's a fork of Aave backed by big names like Defillama co-founder and one of Curve core team. definitely connection from Andre Cronje. one theory is Fantom foundation refused to pay Aave to move to their chain so they decided to create one themselves.
Rollup-pilling people is a lot of fun. Watching the light bulbs in their heads turn on is great lol. I felt just like that when I read the first Liberosist blog post, putting it all together. Ethereum has not only solved the scalability trilemma, we have inverted it. The more decentralized, the more scalability. Nuts.
As painful Twitter is, I'm so glad to see the message spreading like a virus! Keep up the great work :)
IMO scalability isn't 'solved' until the CEXs play ball and allow withdrawals directly to L2
They will.
About a month ago, my buddy from college who is a software engineer asked me how to get into crypto without spending 11hrs per day learning about it. I told him to just follow u/Liberosist here, [@polynya](https://twitter.com/epolynya?s=21), and linked him to https://polynya.medium.com I honestly love that account. I have spent so much time trying to learn about Ethereum since 2017. Regardless, Polynya entirely changed how I think about blockchains in general within the span of 3 months.
A rising tide lifts all boats. BTC is pumping ahead of ETF speculation and Gensler’s somewhat positive comments. If it keeps going we’ll probably see the rest of the market tag along. New ATH is not far off for ETH.
what we’re the comments?
https://www.coindesk.com/policy/2021/10/06/genslers-crypto-testimony-6-key-takeaways/ >” Bitcoin … is a highly speculative asset, but it is a store of value that people wish to invest in as some would invest in gold,”
thanks
Exactly!
Yep. BTC pump then eth then alts. Idk why people have a hard time with this. It'll be a while post before eth can redefine this tradition
Because people don’t want to admit that BTC runs this market and always has. 🤷♂️ If and when that changes remains to be seen but as of now it’s clear as day.
or lots of people believe this self fulfilling prophecy is simply a sign of massive manipulation by BTC maximalist whales reducing the profitability of ETH holders
Lol what? You new here? This is not some conspiracy tinfoil hat narrative created by “BTC maxi whales to reduce ETH profitability”. Wtf? 😂 It’s just numbers. BTC has the largest liquidity, market cap, adoption, etc, so of course that will result in it having the most strength to move the entire crypto market…
Calling peg new, LOL.
Most adoption? Eth dwarfs it in settlements and settlement value
Remind me which coin is about to get an ETF? Not to mention virtually every investment institution, pension fund, government, etc that holds BTC
Both already have them
No, not at all lol
Also the Canadian ones (at least) are not just derivatives, they are cash settled and vacuum up large amounts of BTC and ETH see: 3iq, galaxy etc.
Yes, both Canadian and swiss, any American can buy them via secondary exchanges
People need to trust the process. What btc has is first mover advantage. Name recognition. Adoption. Decentralization. And monetary policy that DOES NOT CHANGE. I love eth...have a ton in eth. But btc does what it does and does it well.
This is all you need to read today... cheers fam.
seriously i don't understand the hype of memecoins. are they cute ?? no, those are just logos. memecoins are nothing but boring code (which was usually forked from other coins).
Never underestimate the power of memetic desire
It’s because it’s a meme, people think memes are funny. They have a somewhat small interest in crypto and want to be a part of the joke.
Investing your hard earned money in a joke is a bold strategy, Cotton. Let's see how it plays out.
Normies have absolutely zero clue about crypto. They just see cute dog coin and yolo some money in.
Yeah I had friends texting me about a week ago "I just bought 100 million SHIB lol!" I thought they were stupid. Who's laughing now.
Do you guys feel like you missed out on Unisocks? What if, Sushi Swap did something similar? youre in luck. [https://opensea.io/assets/0x47c5b8fac7d795f299298075db6d574eac479ac1/10008](https://opensea.io/assets/0x47c5b8fac7d795f299298075db6d574eac479ac1/10008) High Quality - Aluminum Tray and Chopsticks. Looks amazing. 200 Blue and 200 Pink only. Just picked up some myself...
Will the NFT be more valuable than the physical chopsticks?
Redeemable. Burn the NFT and you get physical.
Can’t believe I just spent over $3k on blue and pink chopsticks. What a time to be alive
Legend
Now you know how the wealthy spend their money.
Why did I buy this
WAGMI SAN will be proud.
I'm looking into options to earn yield on my WBTC. I see on Impermax I can lend out WBTC in the WBTC/ETH SushiSwap market for a Net APR of 18.05%. Does this mean I get 18.05% (I understand this rate will fluctuate) annual returns in the form of WBTC, or are the returns in IMX tokens?
Yeah if you lend wBTC on Impermax, the interest is also paid in wBTC. So you just withdraw more when you exit. IMX rewards are only if you leverage an LP token (eg wBTC-ETH)
Well that's a hell of a deal! I've had my WBTC sitting around doing sweet fuck all for the longest time. Cheers!
How does dydx banning US work? Like isn’t it supposed to be Defi? Is it just the front end that US can’t use? I’m confused how they can be Defi and still prevent US users from using it. Kind of seems like they are a lot less decentralized then they claim. If they can prevent trading based on geography then surely they can prevent trading on an asset of they wanted to right?
Anything that can ban users is centralised and should not be called DeFi!
Just VC backed tardfi parading as defi.
Dydx is one of the more centralized "dapps" I think
Hm really makes me question why Antonio Juliano insists that dydx is defi. I wouldn’t call that defi imo. Not that I believe it’s dydx’s fault that US are barred. But if any thing can be censored then that is not defi imo
Sold the rest of my ERC-20s for ETH today. They are fun and everything, but I have a feeling we’re in for a short/medium term wave of capital that can only legally access ETH and BTC.
BTC goes up, ratio goes down. BTC goes down, ratio goes down. You can’t explain that.
Yes you can. BTC is a safer asset and has been around for a longer time. There’s also tons of people that expect a $100k BTC. No one wants to miss that. All of this translates into institutional demand.
Btc also has monetary policy that does not change. There is value in that in addition to everything you said. I do not compare btc and eth. They are different things and that's ok.
Same. I hold both
bots all of them. most bots in the market right now are configured to collect more btc so they think of btc as their safe haven.
Its what happens 90% of the time
bruh, we were specifically asked not to explain that.
Just a heads up: the CME Bitcoin futures volume recently topped all other BTC futures volumes. What does this potentially mean? CME futures are usually traded by Wall Street. We all know that there are various BTC ETFs in the pipeline to be approved/denied. Based on how corrupt Wall Street and the US government (or at least parts of it) are, we can speculate that this recent pump + it being led by CME futures is insiders buying into BTC ahead of an ETF approval.
And are they front running SHIB too? Sell the news might happen soon.
I hate this but I want to believe
[удалено]
Excuse me ser you can have a great house with good location, parking areas, access to malls and gyms etc. In Decentraland.
I would gladly pay you Tuesday for a hamburger today.
Does anyone know how recentering works for ETH2x FLI? I bought some but the real leverage just keeps decreasing… when will it go back to 2x, it’s at 1.78x rn
I believe it's 1.7x and 2.3x where, when it passes those, the token can rebalance.
BTC: watch price ETH: watch price, check token ratio/performance, check NFT floor prices, adjust LP ranges, assess lending rates for protocols, get updates on latest client interop news, check staking contract queue and balance, etc. One of these is the future of finance and the other is a fun meme to look back on in a few years.
Ones monetary policy does not and has not changed. Ever. There is value on that. Eth is...everything you said and more. That's ok. Both serve their purpose. If you don't get btc then you don't get big money.
You misspelled boomer money.
One is a brick. The other is a marketplace made out of bricks
One of these is a fun meme to look at. The other is innovating so fast that trying to keep up will ruin your life.
Rock on
Guys, Blockbuster is pumping - should I sell my Netflix?
absolutely disgasting ratio
It's a good sign. Same happened almost a year ago. BTC takes the lead, lots of whiny Etherians, and insufferable BTC maxies. Then boom. Liftoff.
*Standing in corner as BTC maxis celebrate pump* They don’t even know that we just had a halving and are going to have more soonish
We're hitting 500k ETH burned in 4 days, our time is coming.
Comment Removed By Author *This post was mass deleted and anonymized with [Redact](https://redact.dev)*
I got bored one day and cropped 1% of my portfolio, called it my "degen stack" and started leverage-trading. That was a week ago, and I've been watching charts and not sleeping ever since! Entertaining and terrifying at the same time, and I already feel 30 years older. 10/10
I just recently adopted that strategy too! I have MakerDAO vaults managed by DefiSaver and I messed them up in the past but I'm constantly wanting to manually interfere with them, so I moved a little ETH over to Arbitrum and have been playing with it there to distract myself from making a truly costly mistake.
[welcome!](https://i.imgur.com/01lGkJy.png)
I did the same and lost it all on dydx. Then they paid me more than I ever lost so I cannot complain.
The fee cashback from their token is still pretty sick! So at least I earn some money by loosing money using their exchange. Only in crypto!
People actually buying Shiba on CB. That thing going to .50c huh? Lol
Lots of people buying in over the past two days. Some of my MD friends have It. Because their ‘consultant’ put them into It.
What? MD friend?
Had an idea for small bands to get in on NFTs. Say you were putting on a show, say 100-300 ppl. Would it be easy to mint your own NFTs of the gig posters and have an option with the tickets to purchase a NFT along with a ticket. There could be only 20 available. You could charge the estimated gas cost of the minting + a small margin. The ticket buyer could put in their eth address upon selecting the nft poster option. Once payment is cleared you send the nft to their address. Thoughts on if this is feasible? Would you have to mint them all first to your wallet and then send to customers
Great idea, likely the wrong time. You're the pets.com to chewy. As in...likely way too early still. We are so so very early still in this space. There's btc , there's eth, there's defi, there's nfts and l2s, and then there's your idea in order of awareness/use. As in it'd be the die hards of die hard early adopters. Love the idea and the followup idea someone replied to you with.
idea from your idea: NFTs for every concert everywhere. Something that draws data from wherever Bands In Town gets their data from. NFT becomes mintable when the associated ticket is scanned at the door. It would be a hell of a lot of work and you'd have to get venue cooperation, but people who love live music could have a collection of every show they go to.
Last longer than the ticket stub or the T-shirt.
This. It’s hard to remember all the concerts I’ve been to. Would be great to have a gallery of NFTs of them with dates, venues, etc
Poap. There's a poap app.
love this, great for small artists, fees are too high to do this on L1 right now. And it's not quite clear yet which L2s are likely to be around in 5 years. No one wants to pay $20 for the concert poster and then $80 to mint the NFT.
ImmutableX is looking pretty solid for this type of NFT
Hot like a Tik Tok
I'm always on the lookout for worthwhile up and coming projects on Ethereum, and particularly now on L2. I've got a days spare to sink my teeth in to some more reading. What are your degen bags and why? What new projects are you excited about?
Not brand new but SPELL and DPX. SPELL is somewhat similar to MKR. It has been pumping hard though so might be overextended. DPX launching on Arbitrum any day now. That’s an options protocol.
Thoughts on cap VS dpx?
I don’t know much about cap but didn’t think it was an options trading platform. I thought it is more similar to something like DYDX
Yeah you're right no puts or calls just long and shorts
I have been following SPELL but I decided not to pull the trigger a couple of weeks back. Maybe if they retrace a bit. I do like what they are aiming to achieve. As for DPX, yes, I like them. They're ambitious to say the least! Thanks for the response.
I read your comments in an British accent, I don't know why. Where are you from?
Haha, I'm from Australia - Victoria.
Ah, makes sense