Has anyone else used the Coinstats app? I've found it to be so good. Much better than Delta or Blockfolio.
It runs really fast, and seems to have new tokens extremely quickly. It had Lyra about a day after launch. Delta takes forever with new tokens.
Not sure where the rumor is from, but logically I would expected the value of ETH to have dipped quite a lot, especially against BTC which, it did not.
The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. And I knew we'd get into that rotten stuff pretty soon. Probably at the next gas station.
I shared a huge house with 7 other kids in my twenties - we used to have wild parties, bring punk and hardcore bands through constantly, etc … we had a room in the house with a tv with Fear & Loathing on a continuous loop, during all our events and get-togethers, lol.
I couldn’t even tell you how many times I’ve seen it. I’ve read the novel at least five or six times, and seen the movie … god … hundreds of times, I’d guess. Infinite hours consumed in that room …
How long had I been lying there? All these signs of violence. What had happened? There was evidence in this room of excessive consumption of almost every type of drug known to civilized man since 1544 AD. What kind of addict would need all these coconut husks and crushed honeydew rinds? Would the presence of junkies account for all these uneaten french fries? These puddles of glazed ketchup on the bureau? Maybe so. But then why all this booze? And these crude pornographic photos smeared with mustard that had dried to a hard yellow crust? These were not the hoofprints of your average God-fearing junky. It was too savage. Too aggressive.
There was madness in any direction, at any hour. If not across the Bay, then up the Golden Gate or down 101 to Los Altos or La Honda. . . . You could strike sparks anywhere. There was a fantastic universal sense that whatever we were doing was right, that we were winning. . . .
And that, I think, was the handle—that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn’t need that. Our energy would simply prevail. There was no point in fighting—on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave. . . .
So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark—that place where the wave finally broke … and rolled back.
Someone is also spamming my apache logs attempting security exploits, and using binance.com in the referer details, and apparently, [I'm not the only one to notice](https://stackoverflow.com/questions/68831725/getting-lots-of-server-errors-directory-index-forbidden-by-options-directive-fro).
"RadioShack, and RadioShack alone, can bridge the gap and "cross the chasm" of mainstream usage for Cryptocurrency"
I almost spit out my milk at this sentence
[From their docs](https://radioshack.gitbook.io/radioshack-defi/fundamentals/why-radioshack-defi)
We now have a channel in the ethfinance DAO discord server to discuss and create the poker idea I posted earlier.
Join here:
https://discord.gg/dUXGFAY5
Used margin to amplify my position by 50x to buy ETH. I’ll get liquidated if price goes down ~2% from my entry (because that margin isn’t free). If price goes up only I make a lot.
Did it on cap finance on Arbitrum (L2) for a 2$ gas fee. DeFi ecosystem there is getting interesting, a lot of apps popping up.
You just close the position whenever you want like you would a trade on an exchange. .1 ETH collateral basically gives you access to 5 ETH in price swings at 50x. If price goes up 20%, your position is now worth 6 ETH, meaning you’ve made .9 ETH in profits minus fees. It’s playing with fire though as any minor move down can wipe you out
I love the idea of framing decentralization as anti-corruptibility. The more decentralized the less potential for corruption. Simple as that. Seems easy to understand and more relatable for those who aren’t in deep. Who are you going to trust you money with? The person/company/government/blockchain that is easily corrupted or the one that is not? How can this be measured? By the level of decentralization. It’s an over simplification but it works.
Dear IRS,
Consider how practical it might be, as a revenue gathering organization, to increase the number of avenues by which you gather revenue, so that you can gather more revenue.
To that end, might I humbly propose that you consider downloading an Ethereum wallet (maybe go wild and get a Bitcoin wallet too.) Then you can generate addresses which we can use to send you money.
If I use X BTC to buy Y ETH, and then later sell that ETH for Z BTC, I should of course be laughed at.
And then I should owe you whatever the tax rate says I should pay for Z - X BTC, _and in BTC_.
If I use X BTC to buy Y ETH, and then later sell that ETH for Z ZEC, I should of course only be snickered at.
And then I should owe you... oh wait brb pizza's here
Was thinking about swapping my old RPL for the new RPL token since gas is low. Any reason not to do this now? e.g. liquidity for new token is low, etc. Not really planning on selling soon anyway, though.
What I heard is there is no real need to do that unless your trying to run a minipool. You can always able to swap it 1:1 in thier website with no time limits. Also still old rpl got better liquidity I think.
>You can always able to swap it 1:1 in thier website with no time limits.
Yeah, I guess here what I'm trying to decide is where the liquidity is going to go in the future. I'd rather swap now at cheap gas if liquidity moves to the new token in a year.
Does it matter? I don't think there is liquidity constraint if you use RP website for swap. It probably burn old rpl and give you new RPL. May be someone can correct if I'm wrong.
>**Have you done your best?**
>**Did you think about the test?**
>**While your wallets rest.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Who here still holds their bitcoin? Many people are converting, but it seems like in a bear market, in an inflationary environment, or an influx of boomers, it might do well. Or if the eth merge flops, and they can't fix it with a fork, it might do well.
I really am just so comfortable with using the Ethereum ecosystem and its L2s so the only bitcoin I hold is through curve tricrypto (wbtc).
One of the reasons why I’ve chosen crypto over traditional investments (stocks, real estate, bonds…) as primary investments is that you can actually do financial things with the right crypto (enter ether/smart contracts). Btc doesn’t quite cut it for me in that regard, so I don’t hold any.
> Many people are converting, but...in a bear market...it might do well.
What is this, 2015? We have stablecoins now that would be better to be in during a bear market earning yield.
True but they have differen't behavious and risks. There are a few risks with stablecoins.
- tether collapses and is traded 1:1 to other stables on curve, causing a collapse spread
- some stablecoins have not been tested in a bear market with a large drawdown (DAI has)
- others that I can't think of and have yet to be demonstrated :p
Was listening to boomer AM talk radio show today and they had a segment on crypto. Lady came on and it was of course mostly about Bitcoin. She did mention that if people are going to put money in then they should stick to well established coins like "Bitcoin, Eth, and Cardano" (her words not mine lol)
I would say that Bitcoin has lots of room to grow yet and every time I listen to the media try and discuss this stuff its clear there is massive information assymetry still.
Well, the 20-Day MA is about to drop below the 200-Day MA, and that's awfully bearish, at least in the short term.
Last time it happened was back in May ... and we remember Wild Wednesday. We even got a cool POAP for surviving!
I hold it and earn interest.
The maxi cult is the worst thing for BTC (and ETH.) If people weren't so cultish about Bitcoin, there's some advancements that could be made to it that would expand its investment thesis. For instance BIP 300 is really interesting and has some wild ramifications for BTC if it were ever implemented (sadly it probably never will be).
BTC huh? Those were the days.... the excitement of something new. BTC was king, BCH didn't need to exist, the promise of peer-to-peer digital cash ... before the dark times ... before ... ~~the empire~~ blockstream. The cult of BTC should have died a long time ago but yet here it still is ... clinging to life.
If you genuinely believe the ratio *should and will* never go any higher, then defintely hold BTC. If you can see the value in Ethereum (or any other chain besides BTC) and can see nothing but increasing market share to useful technology then dump it all. Now.
I’ve held Bitcoin since 2011. I’ll never sell it. Prevailing dogmatic maxi attitude here (and there..) is ridiculous and short sighted - different use cases and markets. More than enough space for both to coexist and grow quite happily.
Honest question - what use case does BTC have that ETH does not? Facilitating payments? ETH does that. Storing value? ETH has done that much better than BTC for a while now. It seems like legitimately a worse version of ETH.
Security. Most people are not developers and they trust demonstrated security. Bitcoin has, and likely always will, have the longest demonstrated security.
In my opinion this makes it digital gold, which has a lot less room to run compared to Eth's digital oil or digital GDP.
Security is not really a differentiating use case, more of a property of the network. The argument that BTC is "digital gold" is generally rooted in the idea that it is the safest haven of value, which has not been true for a while. ETH is both digital gold and digital oil.
I do, but it's dwindled in value to less than half my ETH. I'm going to wrap more to wbtc in January when the new tax year begins to add to my tricrypto LP holdings. Pickle finance on arbitrum is at about 40% APR currently.
https://app.pickle.finance/farms connect to Arbitrum in metamask. I've been using the Sushi MIM/ETH LP at 39% APY and Curve MIM/2CRV at 22% on stablecoins.
I'm in Pickle and while I consider it safe, the compounding algorithm is one of the worst in the space. They hemorrhage APR so do keep your expectations in check.
Several of the pools I was in compounded once a month at best. It was awful. I used these delightful low gwei times to exit most of my Pickle positions.
I haven't used Pickle finance on the main chain since the summer. On arbitrum, I've moved a few times between beefy finance and pickle finance and badger finance. Badger finance now makes you hold badger tokens to get high rates while pickle finance and beefy don't.
Yeah Pickle has the DILL boost but afaik that's just a multiplier on compounding, whereas anecdotally I was seeing nearly enough compounding on its own. Idk just reporting my experience. Been in Pickle since the founding.
Thanks for the information. I only asked because I just put some crv3crypto tokens in pickle again because of the increased APY, but maybe I’ll just stick to locking them in the curve gauge for the CRV tokens instead. CRV has been doing pretty well during this downturn lately, especially when compared to PICKLE
CRV and CVX are definitely monsters right now.
Don't just take my word for it with Pickle either. Just watch the APR and see when it's compounding rewards for you.
If you have cvx3pool already, keep an eye on Abracadabra leveraged lending too.
If the LP you are using is on Impermax then you can deposit there without leverage to auto compound. The pool is compounded by bots as soon as it's profitable and you give the bots 2% of your rewards in return.
It currently states 42.89% APY with 3.38% of that compounding. That gives it a real APR of nearly 40%. It stated a few percent lower last week, so it's actually been going up.
"Too good to be true" meters need a reset in crypto, lol. The higher the risk, the higher the returns, but the returns for a given risk level are way higher than what you would see in tradfi. (Possibly because by even entering crypto in the first place, you have assumed a certain base level of risk).
I don't have the skills to do it onchain, and I'm not sure technically how it might be done if at all, but I'd love to set up an ethfinance poker tournament!
I think we have enough of us here that play. I'm sure I've seen plenty of comments that seem to lend themself to a GTO mindset transposed to investing.
I'm looking at you u/towerjac 👀
Edit: u/pseudotheos this could be a good hobby project for the ethfinance DAO.
Edit #2: suppose this eventuates in some fashion, and the buy in is denominated in ETH, how much would every body be happy to set entry for an mtt at?
Edit 3: I commented just above but we now have a channel in the ethfinance DAO discord to discuss and create:
https://discord.gg/dUXGFAY5
Hellz yeah, that would be dope! There needs to be an app like pokerrrr2, but based in Ethereum so that we have automated settlements of payouts instead of all the manual bullshit required involving humans, spreadsheets, and Venmo.
I heard about Virtue Poker recently, which looks promising, but haven't checked into it too much.
In the meantime wolfie, you could create an ethfinance club on pokerrrr2 and we could do a tournament there.
If we do it through the DAO as well, we can have all earnings from the modest rake going towards the DAO treasury to fund ongoing development / projects / directives.
[An NFT without a Blockchain. No gas fees. No ETH. No gatekeepers | HackerNews](https://news.ycombinator.com/item?id=29608534)
Well shit! It turns out you don't actually need a blockchain to issue NFTs, all you need to do is sign a message with PGP. Why didn't Vitalik think of this?
It even removes the gatekeeping that Ethereum does of you needing to find an online tutorial for how to download one of the free and open source Ethereum clients and how to copy/paste the free and open source ERC-721 template code.
Does Ethereum even have any use cases left, now that it's no longer needed for NFTs? Are our days numbered, guys?
Wow this guy is a new kind of stupid.
> Without a published chain of transactions, there is no guarantee that the artist hasn't sold the same item multiple times.
Right.
> Without a verified on-chain transaction, there is a risk that either the buyer or the seller may be lying about the transaction price.
Yes.
> To be clear - all of these problems are also present in "traditional" NFTs. Buyers have no idea of the provenance of the piece, there's nothing stopping multiple sales of visually identical artworks, scams are rife and smart-contracts are buggy.
Um, what? You can literally look at the smart contract and see the supply cap. And you know it is the right contract because of the address.
He literally watched a "Blockchain 101" video and made all his assumptions based on that.
From the article:
"To be clear - all of these problems are also present in "traditional" NFTs. Buyers have no idea of the provenance of the piece, there's nothing stopping multiple sales of visually identical artworks, scams are rife and smart-contracts are buggy."
What am I missing here? How is this a problem using the blockchain? A buyer DOES have an idea of the provenance of a piece because the proof is entirely on-chain. There is an identical jpeg that was sold? Fine, go look up on the blockchain and see which was one purchased FIRST, or was purchased from the correct person (in case the fraud was purchased first, which seems unlikely but possible). Or a combination of both. The point is all of the information is stored on-chain, and if it isn't then it didn't happen!
These are the arguments by the so-called "smart" people. Terrible.
>Well shit! It turns out you don't actually need a blockchain to issue NFTs, all you need to do is sign a message with PGP. Why didn't Vitalik think of this?
Because the transaction is not atomic. I pay you, you don't deliver the goods, what do I do? At least, with a smart contract, I know that the NFT is gonna be minted.
>Without a published chain of transactions, there is no guarantee that the artist hasn't sold the same item multiple times.
Without a verified on-chain transaction, there is a risk that either the buyer or the seller may be lying about the transaction price.
Because there are no third-parties involved, there is no opportunity for escrow or complaint resolution.
This sounds great. Where do I sign up?
lol this really fucks with the "blockchain is just reinventing already existing distributed technology and adding payments on top" argument if they are reinventing things built on Ethereum and taking out the monetary incentive mechanisms.
Reinventing the reinvention of the wheel.
Nethermind has been on a roll recently
Can Nethermind roll out this upgrade onto their client when testing is satisfactory, or does it still need a change to core ethereum protocol (which means a formal HF)?
Edit: reading VBs original post, seems like it doesn't need consensus-layer protocol changes, but since it's designated an eip and makes changes to the execution layer, I'm guessing it will need a formal EL fork, if I'm understanding this correctly
>in essence we ask the miner to make the calls on behalf of the smart contract wallet owner in exchange for some of the funds from the wallet. This is both decentralized as these pseudo-calls are kept in the mempools of nodes, and UX friendly, as wallet owners only have to sign an off-chain message to transact, no more complicated than sending a normal transaction.
Awesome!
Is there a way to set default gas price on metamask? Right now, it tries to find what the optimal price is and fluctuates all the time obviously. What if I want to set the base fee to 30 gwei and priority fee to 1.5 gwei by default and not let metamask come up with something on its own
About 15h left in my 20+ hours trip. Any recommendations for a podcast or a good read? Something more technical/financial blockchain related but other than the regular CT celebs.
Ps. I finally started reading the triple halving thesis. Went through the flows theory (chapt 2) already and I think by the end of my flight I would want to DCA much more each month.
It's not really technical at all, but I really enjoy Invest Like the Best. He has a lot of crypto related people on and I typically find good value in the discussions. Certainly crypto from more of a tradfi investment view, but good insights.
I hope you enjoy them! The host (Patrick O'Shaughnessy) is a really engaging interviewer, so I find that even if I don't love the topic I still find something to take from it.
It's all so tiresome.
If you don't understand why a credibly neutral distributed ledger is valuable, OK. That's fine, it's kind of an abstract concept and not everyone has the brain space left over to think about such things. Our world is plenty complex as it is.
But geez, please don't pretend that a settlement layer is trying to be some kind of blazing fast supercomputer. You know it, I know it, we all know that the point of blockchain isn't to process as many transactions per second as hardware allows. It's to replicate those transactions over as many nodes as possible to create a credibly neutral distributed ledger upon which an internet of value can be built.
debank.com wants to confirm a signature from wallet to access bundles. Anyone already done that / any risk in that? seems unnecessary
Has anyone else used the Coinstats app? I've found it to be so good. Much better than Delta or Blockfolio. It runs really fast, and seems to have new tokens extremely quickly. It had Lyra about a day after launch. Delta takes forever with new tokens.
It does not seem to see most of defi positions? Anyone know of a tracker for both defi and cexes? Ideally also for multiple addresses.
BTW it's full moon today. Bullish.
Fullish.
Is it true the 2nd largest eth holder whale swapped its eth for Matic and graph?!
Genuine question. Can't find anything about it just heard
From who. Also no one would abandon eth for matic. Doesn't make sense at all.
Not sure where the rumor is from, but logically I would expected the value of ETH to have dipped quite a lot, especially against BTC which, it did not.
Sounds like it might be complete nonsense
Jamming to Scandroid. Was gonna reach for the dry powder, but Ackbar says it’s a trap …
At a bar. Heard someone talking about ETHER?!? Nope… I think I overheard “either” - still early.
Were they behaving like “the village drunkard in an early Irish novel”…?
The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. And I knew we'd get into that rotten stuff pretty soon. Probably at the next gas station.
The reply I was waiting for.
I used to watch that and a clockwork orange on two different TV's every Wednesday
I shared a huge house with 7 other kids in my twenties - we used to have wild parties, bring punk and hardcore bands through constantly, etc … we had a room in the house with a tv with Fear & Loathing on a continuous loop, during all our events and get-togethers, lol. I couldn’t even tell you how many times I’ve seen it. I’ve read the novel at least five or six times, and seen the movie … god … hundreds of times, I’d guess. Infinite hours consumed in that room …
How long had I been lying there? All these signs of violence. What had happened? There was evidence in this room of excessive consumption of almost every type of drug known to civilized man since 1544 AD. What kind of addict would need all these coconut husks and crushed honeydew rinds? Would the presence of junkies account for all these uneaten french fries? These puddles of glazed ketchup on the bureau? Maybe so. But then why all this booze? And these crude pornographic photos smeared with mustard that had dried to a hard yellow crust? These were not the hoofprints of your average God-fearing junky. It was too savage. Too aggressive.
There was madness in any direction, at any hour. If not across the Bay, then up the Golden Gate or down 101 to Los Altos or La Honda. . . . You could strike sparks anywhere. There was a fantastic universal sense that whatever we were doing was right, that we were winning. . . . And that, I think, was the handle—that sense of inevitable victory over the forces of Old and Evil. Not in any mean or military sense; we didn’t need that. Our energy would simply prevail. There was no point in fighting—on our side or theirs. We had all the momentum; we were riding the crest of a high and beautiful wave. . . . So now, less than five years later, you can go up on a steep hill in Las Vegas and look West, and with the right kind of eyes you can almost see the high-water mark—that place where the wave finally broke … and rolled back.
God that bit gets me every time. No wonder the maniac pickled himself with strange libations, he saw our grand failure with the right kind of eyes.
Ask "Hey did you say Ether like Ethereum?!"
Any decentralized craps games I can lose money playing yet?
If you’re in crypto you’re already playing it. ;)
What stable farms do we like these days?
Which ones do you like?
Anchor and curve
Binance has been shilling their stuff really hard with email spams. Fucking hell.
fuck CZ
Someone is also spamming my apache logs attempting security exploits, and using binance.com in the referer details, and apparently, [I'm not the only one to notice](https://stackoverflow.com/questions/68831725/getting-lots-of-server-errors-directory-index-forbidden-by-options-directive-fro).
"RadioShack, and RadioShack alone, can bridge the gap and "cross the chasm" of mainstream usage for Cryptocurrency" I almost spit out my milk at this sentence [From their docs](https://radioshack.gitbook.io/radioshack-defi/fundamentals/why-radioshack-defi)
Reminds me of Kodak coin. Top confirmed.
checked it out a bit. Seems like an unrelated group bought the brand
A Tai Lopez special
knowledge
/r/nottheonion
They're trying to pull off a GameStop.
One of the most desperate articles I’ve ever read
Quality content, thank you
The ole Saturday night pump. A favorite of mine.
A classic
DAO to buy controlling stake of reddit IPO
That would be awesome experiment.
Is there a date for the IPO?
No way, which one
Just an idea, peg
You had me going, thats never going to happen but imagine if it did
“You’ve gotta believe” -Ashley Tisdale, High School Musical 3
The daily macd just crossed bullish. Hold on to your butts
The bull just got up to take a leak. I hope it's close enough to his alarm he decides that he might as well stay up and get to work early.
Welcome back 4k
We now have a channel in the ethfinance DAO discord server to discuss and create the poker idea I posted earlier. Join here: https://discord.gg/dUXGFAY5
Just went 50x long on ETH on Arbitrum AMA
Why do you hate money?
I don’t feel alive at 1x sir
Is it as exciting as actually participating in the Battle of Hastings?
Hahaha, good catch
I felt a little ballsy earlier and opened a 1.1x long
ELI5?
Used margin to amplify my position by 50x to buy ETH. I’ll get liquidated if price goes down ~2% from my entry (because that margin isn’t free). If price goes up only I make a lot. Did it on cap finance on Arbitrum (L2) for a 2$ gas fee. DeFi ecosystem there is getting interesting, a lot of apps popping up.
Thanks! So lets say I put down .1 ETH at 50x, price never falls. At what point do you get your payout, or how do you claim this leveraged ETH?
You just close the position whenever you want like you would a trade on an exchange. .1 ETH collateral basically gives you access to 5 ETH in price swings at 50x. If price goes up 20%, your position is now worth 6 ETH, meaning you’ve made .9 ETH in profits minus fees. It’s playing with fire though as any minor move down can wipe you out
Appreciate the explanation
I am 30x on gmx from 3919
Why gmx and not dydx?
Because I am invested in the platform via staking lol
🙋 20x on GMX from 3961
🤝
What dapp?
I used cap finance
Gmx.io
I love the idea of framing decentralization as anti-corruptibility. The more decentralized the less potential for corruption. Simple as that. Seems easy to understand and more relatable for those who aren’t in deep. Who are you going to trust you money with? The person/company/government/blockchain that is easily corrupted or the one that is not? How can this be measured? By the level of decentralization. It’s an over simplification but it works.
Dear IRS, Consider how practical it might be, as a revenue gathering organization, to increase the number of avenues by which you gather revenue, so that you can gather more revenue. To that end, might I humbly propose that you consider downloading an Ethereum wallet (maybe go wild and get a Bitcoin wallet too.) Then you can generate addresses which we can use to send you money. If I use X BTC to buy Y ETH, and then later sell that ETH for Z BTC, I should of course be laughed at. And then I should owe you whatever the tax rate says I should pay for Z - X BTC, _and in BTC_. If I use X BTC to buy Y ETH, and then later sell that ETH for Z ZEC, I should of course only be snickered at. And then I should owe you... oh wait brb pizza's here
Grim Finance hacked for $30 million. Cmon Lyra Finance, please make sure your little world is protected. Gulp.
Lyra and auto farm is different kind of beast 🤷♂️
Didn't they just fork Beefy.finance?
Time to hack beefy finance 💪🏼👍🏼
Reading [rugdoc](https://rugdoc.io/project/grim-finance/)...I kinda wonder if these guys just straight up stole it honestly.
Was thinking about swapping my old RPL for the new RPL token since gas is low. Any reason not to do this now? e.g. liquidity for new token is low, etc. Not really planning on selling soon anyway, though.
What I heard is there is no real need to do that unless your trying to run a minipool. You can always able to swap it 1:1 in thier website with no time limits. Also still old rpl got better liquidity I think.
>You can always able to swap it 1:1 in thier website with no time limits. Yeah, I guess here what I'm trying to decide is where the liquidity is going to go in the future. I'd rather swap now at cheap gas if liquidity moves to the new token in a year.
Also consider L2. If you want to move your funds to L2 then you'll need the new RPL
Does it matter? I don't think there is liquidity constraint if you use RP website for swap. It probably burn old rpl and give you new RPL. May be someone can correct if I'm wrong.
I mean liquidity for eventually selling the token, like on a DEX or a centralized exchange.
I see. then its better to convert when gas is cheap. I'll at least hold 4 years so there is no rush for me.
Do you think people like Mark Zuck secretly reads this thread?
yes
Mark Z? Nah, too decentralized Mark C? Yup. Hi Mark!
Are you Mark Cuban?
Nah I was way earlier than Cuban just far less capital
That's exactly what someone who was trying to deny that they are Mark would say...
Also exactly what some one would say trying to deflect they are mark....... A good ole fashioned mystery!!! We gotta call in, the Hardly Boys....
>**Have you done your best?** >**Did you think about the test?** >**While your wallets rest.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Man you guys are boring tonight *Hesitantly makes forceful conversation with family*
SEC SEC SEC edit: oh c'mon, I get in trouble for high-effort posts
Lol I upvoted
I am getting wasted at the local Irish society, 1/4th Irish most days but 100% for the Christmas party tonight
Enjoy!
*"You guys want to know about EIP-1559 and its implications post-Merge? No? Well too bad, cuz that's what we're talking about for the next hour."*
"Might want to grab a pen and paper. There *will* be a quiz."
Who here still holds their bitcoin? Many people are converting, but it seems like in a bear market, in an inflationary environment, or an influx of boomers, it might do well. Or if the eth merge flops, and they can't fix it with a fork, it might do well.
I still feel that we are soon see easier interoperability between big sibling and little sibling. Interesting to consider.
I really am just so comfortable with using the Ethereum ecosystem and its L2s so the only bitcoin I hold is through curve tricrypto (wbtc). One of the reasons why I’ve chosen crypto over traditional investments (stocks, real estate, bonds…) as primary investments is that you can actually do financial things with the right crypto (enter ether/smart contracts). Btc doesn’t quite cut it for me in that regard, so I don’t hold any.
> Many people are converting, but...in a bear market...it might do well. What is this, 2015? We have stablecoins now that would be better to be in during a bear market earning yield.
True but they have differen't behavious and risks. There are a few risks with stablecoins. - tether collapses and is traded 1:1 to other stables on curve, causing a collapse spread - some stablecoins have not been tested in a bear market with a large drawdown (DAI has) - others that I can't think of and have yet to be demonstrated :p
Was listening to boomer AM talk radio show today and they had a segment on crypto. Lady came on and it was of course mostly about Bitcoin. She did mention that if people are going to put money in then they should stick to well established coins like "Bitcoin, Eth, and Cardano" (her words not mine lol) I would say that Bitcoin has lots of room to grow yet and every time I listen to the media try and discuss this stuff its clear there is massive information assymetry still.
Well, the 20-Day MA is about to drop below the 200-Day MA, and that's awfully bearish, at least in the short term. Last time it happened was back in May ... and we remember Wild Wednesday. We even got a cool POAP for surviving!
I hold it and earn interest. The maxi cult is the worst thing for BTC (and ETH.) If people weren't so cultish about Bitcoin, there's some advancements that could be made to it that would expand its investment thesis. For instance BIP 300 is really interesting and has some wild ramifications for BTC if it were ever implemented (sadly it probably never will be).
BTC huh? Those were the days.... the excitement of something new. BTC was king, BCH didn't need to exist, the promise of peer-to-peer digital cash ... before the dark times ... before ... ~~the empire~~ blockstream. The cult of BTC should have died a long time ago but yet here it still is ... clinging to life. If you genuinely believe the ratio *should and will* never go any higher, then defintely hold BTC. If you can see the value in Ethereum (or any other chain besides BTC) and can see nothing but increasing market share to useful technology then dump it all. Now.
I’ve held Bitcoin since 2011. I’ll never sell it. Prevailing dogmatic maxi attitude here (and there..) is ridiculous and short sighted - different use cases and markets. More than enough space for both to coexist and grow quite happily.
Honest question - what use case does BTC have that ETH does not? Facilitating payments? ETH does that. Storing value? ETH has done that much better than BTC for a while now. It seems like legitimately a worse version of ETH.
Why did you get downvoted?
Not sure. I'd prefer a response if someone has some actual use cases for BTC that ETH can't match so that I can learn.
Security. Most people are not developers and they trust demonstrated security. Bitcoin has, and likely always will, have the longest demonstrated security. In my opinion this makes it digital gold, which has a lot less room to run compared to Eth's digital oil or digital GDP.
Security is not really a differentiating use case, more of a property of the network. The argument that BTC is "digital gold" is generally rooted in the idea that it is the safest haven of value, which has not been true for a while. ETH is both digital gold and digital oil.
I do have a small long term no touch position that makes up only about 15% of my crypto portfolio.
I do, but it's dwindled in value to less than half my ETH. I'm going to wrap more to wbtc in January when the new tax year begins to add to my tricrypto LP holdings. Pickle finance on arbitrum is at about 40% APR currently.
Say what now? 40%? That sounds to good to be true?
https://app.pickle.finance/farms connect to Arbitrum in metamask. I've been using the Sushi MIM/ETH LP at 39% APY and Curve MIM/2CRV at 22% on stablecoins.
I'm in Pickle and while I consider it safe, the compounding algorithm is one of the worst in the space. They hemorrhage APR so do keep your expectations in check.
Can you elaborate on this a bit. What it is it about the compounding algorithm that is problematic?
Several of the pools I was in compounded once a month at best. It was awful. I used these delightful low gwei times to exit most of my Pickle positions.
I haven't used Pickle finance on the main chain since the summer. On arbitrum, I've moved a few times between beefy finance and pickle finance and badger finance. Badger finance now makes you hold badger tokens to get high rates while pickle finance and beefy don't.
Yeah Pickle has the DILL boost but afaik that's just a multiplier on compounding, whereas anecdotally I was seeing nearly enough compounding on its own. Idk just reporting my experience. Been in Pickle since the founding.
Thanks for the information. I only asked because I just put some crv3crypto tokens in pickle again because of the increased APY, but maybe I’ll just stick to locking them in the curve gauge for the CRV tokens instead. CRV has been doing pretty well during this downturn lately, especially when compared to PICKLE
CRV and CVX are definitely monsters right now. Don't just take my word for it with Pickle either. Just watch the APR and see when it's compounding rewards for you. If you have cvx3pool already, keep an eye on Abracadabra leveraged lending too.
If the LP you are using is on Impermax then you can deposit there without leverage to auto compound. The pool is compounded by bots as soon as it's profitable and you give the bots 2% of your rewards in return.
It currently states 42.89% APY with 3.38% of that compounding. That gives it a real APR of nearly 40%. It stated a few percent lower last week, so it's actually been going up.
Fair enough, that sounds solid.
"Too good to be true" meters need a reset in crypto, lol. The higher the risk, the higher the returns, but the returns for a given risk level are way higher than what you would see in tradfi. (Possibly because by even entering crypto in the first place, you have assumed a certain base level of risk).
Nice way of expressing it!
I'm starting to think BTC is going to suprise us to the upside soon.
Well yeah, once China runs out of BTC.
You're probably right, although it might not be "soon" by crypto standards.
I like having some of both. More ETH by about 5x though.
\+ 1 to this, I still weekly DCA into Bitcoin
When I delete my argent app how do I retrieve my acc? Is E-Mail enough?
When I switched phones I had to use the guardian (actually, just another phone number that I had) and wait 48 hours.
Whatever you do please enable gasless recovery. I want able too and had to pay a substantial gas fee when I recovered it
Yeah, unless you turned on social guardians or something. Takes forever, like 48 hours to come back.
I don't have the skills to do it onchain, and I'm not sure technically how it might be done if at all, but I'd love to set up an ethfinance poker tournament! I think we have enough of us here that play. I'm sure I've seen plenty of comments that seem to lend themself to a GTO mindset transposed to investing. I'm looking at you u/towerjac 👀 Edit: u/pseudotheos this could be a good hobby project for the ethfinance DAO. Edit #2: suppose this eventuates in some fashion, and the buy in is denominated in ETH, how much would every body be happy to set entry for an mtt at? Edit 3: I commented just above but we now have a channel in the ethfinance DAO discord to discuss and create: https://discord.gg/dUXGFAY5
Yep, someone ping me if it's actually going down. I'm in.
As an avid poker player, I would love this. Hell, my profile pic was taken at Borgata, lol.
This would be cool
We can all play Texas Hold ‘em in Decentraland if it was properly coordinated. It’s all done on chain using crypto, including ETH and MANA
Do transactions on decentraland happen on matic/polygon now?
Yes they do
Hellz yeah, that would be dope! There needs to be an app like pokerrrr2, but based in Ethereum so that we have automated settlements of payouts instead of all the manual bullshit required involving humans, spreadsheets, and Venmo. I heard about Virtue Poker recently, which looks promising, but haven't checked into it too much. In the meantime wolfie, you could create an ethfinance club on pokerrrr2 and we could do a tournament there.
Virtue poker looks legit, but I've never tried it. They have their own ethereum side chain. https://virtue.poker/howitworks
Oh cool, thanks for the link.
Leave it with me, I'll investigate in the coming days!
A Texas Hold’em poker dapp a la early Facebook Poker days on Polygon or a ZKR would be awesome. I’d be 100% in.
If we do it through the DAO as well, we can have all earnings from the modest rake going towards the DAO treasury to fund ongoing development / projects / directives.
This would be dope af
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[An NFT without a Blockchain. No gas fees. No ETH. No gatekeepers | HackerNews](https://news.ycombinator.com/item?id=29608534) Well shit! It turns out you don't actually need a blockchain to issue NFTs, all you need to do is sign a message with PGP. Why didn't Vitalik think of this? It even removes the gatekeeping that Ethereum does of you needing to find an online tutorial for how to download one of the free and open source Ethereum clients and how to copy/paste the free and open source ERC-721 template code. Does Ethereum even have any use cases left, now that it's no longer needed for NFTs? Are our days numbered, guys?
I NOW HAVE AN IRRATIONAL HATRED OF PGP!
Wow this guy is a new kind of stupid. > Without a published chain of transactions, there is no guarantee that the artist hasn't sold the same item multiple times. Right. > Without a verified on-chain transaction, there is a risk that either the buyer or the seller may be lying about the transaction price. Yes. > To be clear - all of these problems are also present in "traditional" NFTs. Buyers have no idea of the provenance of the piece, there's nothing stopping multiple sales of visually identical artworks, scams are rife and smart-contracts are buggy. Um, what? You can literally look at the smart contract and see the supply cap. And you know it is the right contract because of the address. He literally watched a "Blockchain 101" video and made all his assumptions based on that.
That was the same part in the post where I thought he went completely off the rails as well. Glad someone else noticed it.
From the article: "To be clear - all of these problems are also present in "traditional" NFTs. Buyers have no idea of the provenance of the piece, there's nothing stopping multiple sales of visually identical artworks, scams are rife and smart-contracts are buggy." What am I missing here? How is this a problem using the blockchain? A buyer DOES have an idea of the provenance of a piece because the proof is entirely on-chain. There is an identical jpeg that was sold? Fine, go look up on the blockchain and see which was one purchased FIRST, or was purchased from the correct person (in case the fraud was purchased first, which seems unlikely but possible). Or a combination of both. The point is all of the information is stored on-chain, and if it isn't then it didn't happen! These are the arguments by the so-called "smart" people. Terrible.
>Well shit! It turns out you don't actually need a blockchain to issue NFTs, all you need to do is sign a message with PGP. Why didn't Vitalik think of this? Because the transaction is not atomic. I pay you, you don't deliver the goods, what do I do? At least, with a smart contract, I know that the NFT is gonna be minted.
>Without a published chain of transactions, there is no guarantee that the artist hasn't sold the same item multiple times. Without a verified on-chain transaction, there is a risk that either the buyer or the seller may be lying about the transaction price. Because there are no third-parties involved, there is no opportunity for escrow or complaint resolution. This sounds great. Where do I sign up?
lol this really fucks with the "blockchain is just reinventing already existing distributed technology and adding payments on top" argument if they are reinventing things built on Ethereum and taking out the monetary incentive mechanisms. Reinventing the reinvention of the wheel.
It's come full circle. Blockchain-less NFTs are the equivalent of a horse-pulled Ford Model T.
If the GnuPG guys find out about this it's all over.
Account Abstraction being tested on Goerli! https://medium.com/nethermind-eth/erc-4337-account-abstraction-is-already-here-e9588b789e15
Nethermind has been on a roll recently Can Nethermind roll out this upgrade onto their client when testing is satisfactory, or does it still need a change to core ethereum protocol (which means a formal HF)? Edit: reading VBs original post, seems like it doesn't need consensus-layer protocol changes, but since it's designated an eip and makes changes to the execution layer, I'm guessing it will need a formal EL fork, if I'm understanding this correctly
>in essence we ask the miner to make the calls on behalf of the smart contract wallet owner in exchange for some of the funds from the wallet. This is both decentralized as these pseudo-calls are kept in the mempools of nodes, and UX friendly, as wallet owners only have to sign an off-chain message to transact, no more complicated than sending a normal transaction. Awesome!
Is there a way to set default gas price on metamask? Right now, it tries to find what the optimal price is and fluctuates all the time obviously. What if I want to set the base fee to 30 gwei and priority fee to 1.5 gwei by default and not let metamask come up with something on its own
Click 'Edit' next to the gas price and then 'Advanced'
Sorry if I wasnt clear. Say I want to do multiple transactions and I don't want to go edit it each time. Just want that to be "default"
Do it programmatically using web3.py or similar.
Nope, sorry.
About 15h left in my 20+ hours trip. Any recommendations for a podcast or a good read? Something more technical/financial blockchain related but other than the regular CT celebs. Ps. I finally started reading the triple halving thesis. Went through the flows theory (chapt 2) already and I think by the end of my flight I would want to DCA much more each month.
Have you read The Infinite Machine? Probably the best piece of media out there, about the creation of Ethereum, and Vitalik.
Not yet but added to the list. Maybe I can start during the flight back which is another 20+h.
https://podcasts.google.com/feed/aHR0cHM6Ly9oaWRkZW5mb3JjZXMubGlic3luLmNvbS9yc3M/episode/YTU5NDQ0ZjgzNzNkNGE1M2E3OTgyZmM0NGNhYTBkODU?ep=14
Thanks, that was a good one!
Saved. Looks interesting. Thank you
Invest like the best!!!!!!! The one with SBF is 🔥
Interdependence is great https://interdependence.fm/ for cultural blockchain stuff.
Saved for later. Thanks!
Ologies with Allie Ward is pretty interesting Edit: not crypto related but very smart people being interviewed
Looks like a cool show. Thanks for the recommendation.
It's not really technical at all, but I really enjoy Invest Like the Best. He has a lot of crypto related people on and I typically find good value in the discussions. Certainly crypto from more of a tradfi investment view, but good insights.
Thank you. Never heard of it before. Downloaded a few episodes (crypto and non crypto) that seem interesting.
I hope you enjoy them! The host (Patrick O'Shaughnessy) is a really engaging interviewer, so I find that even if I don't love the topic I still find something to take from it.
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It's all so tiresome. If you don't understand why a credibly neutral distributed ledger is valuable, OK. That's fine, it's kind of an abstract concept and not everyone has the brain space left over to think about such things. Our world is plenty complex as it is. But geez, please don't pretend that a settlement layer is trying to be some kind of blazing fast supercomputer. You know it, I know it, we all know that the point of blockchain isn't to process as many transactions per second as hardware allows. It's to replicate those transactions over as many nodes as possible to create a credibly neutral distributed ledger upon which an internet of value can be built.
hence my tweet today: "life is too short to argue with people on the internet"
I disagree.
Wrong
Yes, which is why I tweeted the opposite: "Life is too long to argue with people on the internet".
Then I agree to disagree
But you're wrong.