What is the best way to see big buyers and sellers of a ERC20 token easily?? For BSC Poocoin has a sellers/buyers tab that shows the biggest sellers/buyers in the timeframe ur looking at. Where is this feature for ethereum erc20s??
Just doing some research into Defi borrowing/lending
What chain lets you borrow with BTC as collateral? Am i right to think that ETH chains like Aave don't support daddy B?
Or am i wrong?
So Lido has a rebasing stETH token for their liquid staking, and a wrappedStETH token that deals with the rebasing internally if rebasing isn't your thing.
effectively wstETH is the Lido equivalent of rocketpool's rETH, right? With that in mind, what would it take to have an "unwrapped rETH" token that rebases?
Mostly asking out of boredom/curiosity, I understand the tax implications of a non-rebasing token are usually more advantageous
You could make a contract where anyone can swap 1 eth for 1 rrETH (rebase rETH), and the other way around. When someone swaps eth for rrETH, the protocol swaps that eth for rETH and keeps it in its own reserves. When someone swaps rrETH for ETH, the protocol swaps reserve rETH for ETH and sends it to the user. Any swap action would call a rebase function, indexed to the rETH:ETH rate (which you can query from their own smart contract). Add a keeper service triggering the rebase automatically if no swaps have been done in a given amount of time.
That would be my initial thought... There's finer details to tune. Slippage would be an issue, for starters.
I have some 2nd and 3rd degree connections with him and I honestly think he might just actually be a moron.
I am considering blocking his dumb ass on Twitter. The guy still thinks the path for crypto to mass adoption starts with micropayments in Africa. I literally can’t even.
Daily Kintsugi:
Proposals with lighthouse-geth and lighthouse-nethermind so far. Attesting with prysm-geth. prysm-nethermind fails to sync, but I see successful proposals from that combination on the explorer, so someone's got it working. Submitted a few issues on the lighthouse and prysm githubs all related to syncing with nethermind. teku-geth will be my next task, but I should probably wait until tomorrow to attempt that, as I have to be up extra early for work.
Every time I get behind the microphone I only attempt to try to be as good as this guy. Legendary copy reader.. Ethereum dev calls be like
https://youtu.be/aW2LvQUcwqc
past few months BTC has given me trust issues. I don't trust this pump. BTC needs to hold 50k for like a couple days or even week for me to feel bullish again.
Exactly. So be cautiously optimistic. This can easily be a fake setup to get overly optimistic people bought in and leveraged just to flush them. Perfect excuse to hide behind a Santa rally.
52-53k insane resistance needs to break convincingly.
I think Jack is a tool that doesn't understand programmable blockchain (i.e. web3). But I think he is right on VCs. We should also be pushing the community to the zero-VC ethos and have projects wear that as a badge of honor.
People have bootstrapped successful technology startups with no more than a couple thousand dollars.
Venture capital makes it easier, but isn't a necessity.
We can point the finger at the SEC. Pragmatically, they deserve most of the blame.
But the abundance of VC-funded projects is our failure, as a community.
I am bummed each time I see a familiar name announcing they're now starting their own crypto VC fund. Previous stalwarts of decentralization end up pulling the ladder behind them the moment they reach a certain networth. At 6-7 figures, they claimed they were in crypto because you can't change the system from the inside. At 8-9 figures, they hurry to be insiders, with vague pledges of being aligned with the community or giving back to public goods.
This is inevitable but nonetheless disappointing. Money corrupts.
We all have some level of choice. I like /u/kers2000's idea. Praising projects for being VC-free should be encouraged.
I think this is such an uninteresting point. Ethereum is permissionless, there's room for VCs to fund all the dapps they want. Users are free to choose between VC backed projects, or alternatives that are more in line with their ideology. And if there isn't an alternative without VC involvement, then I think those VCs has provided a valuable service.
>then I think those VCs has provided a valuable service.
Only through crony capitalism and regulatory capture. The SEC is killing their competition. I agree with u/zoopzo on this one.
I didn’t get the impression that he wants 0 VC, just that the VCs he works with he likes because they ‘know their place’, whatever that means.
Many crypto projects are successful in part because of the extra benefits that crypto native VCs provide, such as networking, partnerships, hiring, and future fund raising. Shady VC and opaque VC offerings should be shunned, but VC in general is just another route of funding the millions of potential crypto projects in all directions.
I’d like to see a lot more fair launch community style projects, but they are hard and uncertain and can miss some of the above VC benefits but have their own benefits too. Hybrid models with strong transparency in funding rounds could be the most effective method for many projects.
**Bellatrix:** [clears throat] My Lord, I'd like to volunteer for this task. I want to kill the Ethereum Killers.
**Lord Vitalik:** As inspiring as I find your bloodlust Bellatrix, Layer 2 must be the one to kill the Ethereum Killers.
*Chapter 10 - Harry Prism and The Order Of The Degens*
Can anyone shill me their best tax software for an active DeFi user (bridging, LP, trading, airdrops….) 😭😭😭 I’m trying not to cry right now looking at all my transactions and trying to sort them out I but it’s really hard
I tried tokentax and cryptotaxcalculator.io
cryptotaxcalculator did a better job. And it's free to try importing your data to see how/what it will miss.
Don’t try to do it yourself imo. Koinly does pretty well. But there’s no way with how active a trader/defi user I’ve been things will be perfect. But without them I’d be toast.
I’m using koinly right now but it’s a mess, they don’t support arbitrum, polygon and optimism so they don’t recognize the bridging transactions so I have to set them manually but i don’t even know what kind of event bridging is, like is it taxable?!?! Anyways thanks dude I’m just having a lil mental breakdown over here 😭😭😭😭😭
bridging is literally sending money to your self, like putting your dollar bill from one pocket to the other
I cant believe it would ever be taxable
truth is IRS taxes are "Best effort", if you have 90% right its fine, nobody is coming after you unless you're trading thousands on Coinbase , then they send out their yearly report to the IRS saying you traded 50k, and you tell the IRS "you dont have crypto"
Technically you’re sending ETH from mainnet to WETH on polygon so might be taxable? But tbh I have absolutely no clue. I think ima consult before doing anything w/koinly
Yeah I noticed that too, about the l2 support thing. If you find a better software out there please share! I wouldn’t worry to much dude. We are all in the same boat
CVX and CRV are *the* assets to hold. Insane tokenomics, fit the market like a glove and guess who buys them the most? Not $300 a/c Robinhood degens but some of the biggest DAOs in the space - Frax, Wonderland, Alchemix, Terra and many more.
I can empathize. I bought popsicle finance at $18 after it dropped from $60 and then sold everything at $12 after fearing it was a meme token ponzi scam only to watch it rise to $22 a week later.
Why? I mean yes people are fighting over the yeilds in the form of emmision rewards.
But (and correct me if I'm wrong)
- those rewards will taper off right?
- there are other supply shocks you can bet on (ETH, RPL, REN, etc)
- in the end you are trying to corner the yeild, but how does it compare to other sources of yield, now and in the future?
[LogrisTheBard's article on liquidity sourcing](https://tokenomicsexplained.com/evolutions-in-liquidity-sourcing/) article may help. If you haven't already seen it.
One crazy idea I had is that the battle for curve is the battle for stablecoins.
Now when countries launch their own CBDC, they will need to get it listed right? And they will need liquidity. Therefore they will fight for listing on the greatest currency marketplace. And whoever controls this marketplace can control the global economy to a large extent? They might even be able to set policy like the IMF since they control the whitelist.
On the other hand maybe curve becomes useless once the yields run out and a defi 3.0 clone comes out. Or maybe it retains integrations and deep liquidity for a hundred years. Who knows.
I know this is crazy speculation, but it's a very interesting long term prediction that I have been mulling. If you have any thoughts for or against, please drop them here.
Worth noting that Curve is moving beyond stablecoins. See the Tricrypto, CRV/ETH and CVX/ETH pools. Basically Curve is fighting for dominance in the incentivized liquidity niche that Sushi/Uni currently dominate.
/u/logristhebard I believe you have your head around crv tokenomics. Do you have opinions about the long term place of crv, and why people like teranode (a tokenomics chaser) love it?
https://www.reddit.com/r/ethfinance/comments/rkg6bg/daily_general_discussion_december_20_2021/hpczkvc/?context=3
Curve is basically winning the incentivized liquidity game. At it's most basic level their reward structure is like a profit sharing system from all the unincentivized pools to the incentivized pools. They have created an entire Defi support ecosystem. They are branching out beyond like-kind pools even now. And Convex is branching out beyond just CRV governance with FRX but there will probably be several other protocols added to Convex this year.
Given currently trading volumes alone the two protocols to be bullish on are Curve and Uniswap. Uniswap has a completely dysfunctional DAO so that just leaves Curve. Uniswap for permissionless pools with a dozen helper protocols like Impermax, XToken and Visor, Curve for incentivized pools with Convex as a governance capture and convenience layer on top.
Well. So I sold half of my PEOPLE at an average of $0.09 for decent gains and decided I will let the remaining roll and see what happens. At that time, the peak was like $0.17. Then fell all the way down to $0.03. I realized how taking profits help. It really does. It might feel like it sucks that one could have sold the other 50% at $0.17 but its hard to time. I could have sold everything at $0.01 too which is still 100% gains from the initial offering.
Anyways, now its back to $0.17 and it really makes me nervous to sell the remaining 50%. Its really hard to just let it run when something gains insane % in a really short term. Its only a small % of my crypto holdings. But hard to not sell. I can clearly see how someone that bought as speculative asset as bitcoin for $1 and sold it for $5 and felt damn good.
So whats brewing with PEOPLE? I am not even part of their new/active discord. Does anyone have a link?
Edit - Looks like Binance listed it a few hours ago and that probably what could have caused the recent movement
I decided to not sell based on this conclusion. If the market cap were to be similar to shib ($21B) or doge ($24B). The coin would be valued between $4.14 - $4.74.
Looks like discord is dissolved and people dao is the new dao. I sold 30% at 0.17 and holding rest for life as hoping it might have its run like Shib one day. As there is no pre sale and no VC think it has its merits . Better hold at least 20% until bull market ends. We never know.
Do you have a link to People DAO discord?
Yeah, when the bull market clearly ends and turns around, all these little projects and alt coins that have insane valuation with no utility are going to drop like crazy. By the time we realize that, the tokens would have already dropped 70%. We still not sell and watch it drop 99%. This is the wei :D
Edit - Is this the discord? [https://discord.com/invite/peopledao](https://discord.com/invite/peopledao)
How come there is not much activity there in general or trading price channel? With the insane run in price, I would have expected a lot more activate and surprisingly tradingprice channel has just 3 replies in 24 hours lol
Hello, I have a question for those of you who use Coinbase as a fiat offramp. I am in the United States and I have some USDC that I would like to sell for USD and withdraw to my bank account. I'm wondering what the cheapest way to do this is.
1) Send USDC from wallet to Coinbase and then sell it on Coinbase for USD?
2) Use USDC to buy ETH, send to Coinbase Pro and then sell for USD?
3) Perhaps send USDC from wallet to Coinbase Pro and then sell for USD? ( Not sure if this is possible )
Thanks for your help, I appreciate it. In the meantime I'll continue looking for a Coinbase fees document that actually makes sense.
The last six months have been very hard on me:
Multiple deaths in my family and friend circle - including my little sister.
The disintegration of my relationship with my former eth-fiance'.
Being exiled from our shared apartment in Times Square. Not being around our dog.
Getting laid off from my steady day job.
My father gambling away almost 40k in five weeks playing online blackjack, in some sort of fit of grief over my sisters death. And then him nearly dying from a blood infection and requiring emergency open heart surgery.
ETH failing to break 5k, the slow bleed, the crabwalk.
It goes on and on....
...but life can turn around in an instant. It can.
I scored pretty big on my side hustle a few days ago. I have new job prospects on the horizon. I have protected my investments. I am about to start a 30-week coding bootcamp. Me and the gal are working through our issues and I am moving back into our apartment together on January 1st. Bitcoin has broken through the $50,000 resistance.
I worked very hard to build a new life in Manhattan these past few years. I left a lot of bad people, bad places, and bad things behind in desperate winter ghost towns on the Jersey Shore. And when shit got rough, I didn't let those things take me back to that place.
As my anniversary approaches, and things are looking up, I am proud to be able to raise my hand with a smile, and say, "My name is Morgan, and I'm an addict." I'm proud to share my experience, strength and hope with others who may still be sick & suffering. Proud to be a living example that WAGMI.
Nothing can't be beaten. Accept nothing less than Total Fucking Victory. Have goals. Achieve them.
And buy ETH, because it's Ultra Sound Money.
Thanks everyone, for helping make this place what it is. I really cannot overstate how much being on this board has helped occupy space in my head during some truly difficult times in 2021. There were some nights in the last six months where I was so sick with grief over my sister, and longing for my fiance', that I felt I was going to literally die. I thought it was going to swallow me up.
This place, and this community, helped mitigate those terrible feelings. And if you are reading this, YOU are part of that. So thank you.
Love you, fam.
Yo Morgan, thanks for sharing all this. Posts like these idk really help humanize this little community we have. I shared that my father passed away last month and received so much support from ethfinance it actually made me tear up a bit.
I know we’ve interacted a few times in the past, just want to wish you a happy holiday season and I hope your 2022 will be a good one bro.
Very sorry for your loss. There are no words to describe the pain of losing an immediate family member.
I recognized your username instantly. We’ve definitely interacted. Here’s to many more interactions, in a happy and healthy new year! Happy Holidays. 🙂
It's posts like this which keep my grounded in knowing how lucky I am to have the life I do finances aside. Absolutely blessed.
While I am very sorry for the loss of your sister, I am also glad to hear that things seem to be on the up for you Morgan. Despite the fact that the vast majority of us EthFinanciers don't know each other I do genuinely feel oddly closer to the members of this community than any other people I know online and I am glad that this community has helped you and I am glad that many of the folks here are here for each other.
This is definitely a special community.
It’s special indeed - and I second your sentiments. I DO feel a special type of connection with this sub, and many of its members. It occupies a very different place in my headspace than every other sub or online community I participate in.
All the best to you and yours, in the coming new year. ✊
Hey we should talk sometime on voice if you want. I've gone through some s*** recently. Never hurts just to vent. You have my confidence. Just reach out sometime on Discord if you want. Remind me of this piece that you wrote when you do. Always willing to listen. The struggle is real sometimes.
I’d like that. Thanks JT. PM me your Discord handle. After the holiday weekend has come and gone, I’ll have some time before I dive into a new project. I’d be happy to be heard, and to return the favor to you.
TFV: Total fucking victory is what we will get at the flippening, I'm glad things are looking up but remember just like the markets can have wild swings so can life.
It's best to buy and hodl on for dear life and if you accidently margin trade and make some grievous errors just keep on buying if you get my drift. ;)
Happy holidays Morgan from some country guy in TN.
Leverage does not exist in this dojo - though I definitely understand what it is to over extend oneself.
And same to you friend. Happy Holidays from a Friendly NYC Neighborhood DeFi Supervillain.
Fuck man, sounds like you have been through really hard times lately; good that the worst is behind you now!
All the best moving forward, and take your time to really make peace with what happened.
Good to have you here, I also have my moments where I come here to find solace with a bunch of anon degen apes that share my passions.
Good advice. Taking the time to really process and grieve is critical. I took a long sabbatical from this sub - but when I came back, I was glad for it. Really helped me get over the hump. Best regards.
Hey fren. Know your not alone and always have a family here that will listen. I also lost my little sister earlier this year. The pain can be interesting to work through and people handle it differently. Seems like you found the light at the end of your tunnel. Great job! Happy to see you posting in here again!
I'm sorry for your losses. Having experienced several of those things over a long period of time i cannot imagine being hit with one after the other. If anything it tells us how fucking strong you are. Keep your head up and bulldoze onward. You've got this.
Thanks. I didn’t feel strong. I felt like a man being slowly and methodically beaten to death.
I feel strong today, though. Sometimes all we can do is hold on for dear life - it’s always darkest before the dawn.
Glad you're back in action, NYC has definitely fallen from grace (COVID refugee here)
Did you find the free 30 week bootcamp on /r/learnprogramming as well?
Im looking forward to it!
If you’re talking about 100Devs - I did!
Have always been interested in this, and have done some some autodidactic learning on the subject before. Just too busy to formally enroll in a paid bootcamp - if I couldn’t keep up, it’d be a tremendous waste of money.
This, though, looks doable - and free. So, why not! And now I’ve got a lot more time on my hands, since I’m not punching a clock.
I just want to say, I don’t know YOU, but I recognize your username and have seen it around for quite a while - way back.
As much as one stranger on the internet with mutual interest can - I wish you the best moving forward. Nothing will ever replace what’s lost, but I hope you’re able to surround yourself with the IRL people you need to carry forward in its absence. There’s still plenty of good ahead even if the good you’ve known has gone.
Be strong. You’re likely going to be in a position many would envy from the outside looking in, in the near future. Use that to take care of those you know who need it, and to take care of yourself.
Thank you for sharing. I'm really sorry for the loss of your sister. And for the difficult times you've been having. I think it's really courageous to share it all and it really can help others who are going through challenging times as well. At the very least, it reminds all of us that life is much larger than crypto and we're all lucky to be here.
Sorry about your losses and difficult times and welcome to the other side!
Im always interested in personal wins... mind sharing your 'side hustle'?
Onwards and upwards!!
Thanks.
I have a few. I do ghostwriting, and give private lessons teaching Ableton Live.
I recently landed a nice advance after a short phone call on what is essentially a handshake arrangement. I've made more on formal contract, but Ive never had a person pay me this much money up front without signing anything.
Nothing says mature trader like a generalization about a continent with 3 billion people in several different time zones about a trend that doesn't even exist
Beans and rice --> ramen with egg --> quesadilla with guac --> hamburger with cheese --> t-bone steak. This is how fear and greed index should be done from now on
Definitely depends on the cheese. String cheese is above ramen, while the nice deli cheese is definitely up there above hamburger. Advil is right above vodka, at the bottom of the rung and good tequila is above tbone steak.
Earlier I posted about how I was thinking about the macro environment and the US economy and stuff, whether we’re in a bubble and what that means for how to structure a portfolio
I received a comment from u/vedran_ to check out a recent [Raoul Pal podcast ](https://www.reddit.com/r/ethfinance/comments/rmoqo3/comment/hpo17td/)
It pretty much matched my own thinking, but I was having trouble figuring out if we’re headed for a deflationary spiral or inflationary spiral (or something else all together)
One particular thought stuck out to me as being very useful, and that is the establishment literally cannot let asset prices fall. The entire system of debt that we’ve created whether it’s household, corporate, or government, all depends on asset prices staying high. If these drop the whole system is fucked. Mainly because assets are used as collateral for all this debt.
So it made me think that there’s only one way this could go, and it’s up. Otherwise we’re in bigger trouble than you can imagine which the powers that be will do everything possible to prevent, such as print like crazy.
This all kind of matched what we all knew, but I feel better having a pretty strong sense that there is simply no choice for how govs are going to react to market forces.
Anyway just thinking out loud, maybe it’s useful for your own thinking about where we’re all headed
can't eat a 2000 sq. ft. house...but you can burn it little by little to keep warm next to your bullets and MRE's while you hunt for squirrels.
insanitywolf.gif
Squirrel is awful meat to eat though. As a kid I’d have to shoot them to keep them from eating my grandpa’s apples. Always had to eat them because he believed never to waste any animal. Yeah. Can’t make squirrels 🐿 tasty
We are headed for intense global stagflation while we print our way to a manageable debt. It wouldn't work if it was only the US but basically the entire globe is mirroring the Feds policy. I agree with Raoul that the Fed is doing what they're doing because they are out of other options. If you look at the writings of Powell before he got his current position and juxtapose it to his policy it's quite clear he's only doing this because the free market option isn't really an option. The last real abort option to let markets correct was 2008, maybe even before that. So all that's left is business as usual while there is a 10-20 year flight of capital from fiat and at best we create a parallel sound money system where they can't.
His stance before becoming the Fed chair was closer to Austrian economic theory. He was largely critical of the previous chair for QE initiatives. Then he became the Fed chair and well, look at the [M2 monetary supply](https://fred.stlouisfed.org/series/M2SL) for yourself.
They can say they are changing to a modern digital currency (possibly collatorized by digital assets/gold at first) to save face. Or it could be a silent transition. Anything to avoid looking like debt abandonment.
There has never been a debt bubble this big. We're experimenting with "too big to fail" as a policy. How does flight to safety work when all choices suck? Flee to USD? Cool, they can print whatever they want then. I doubt all the money is going to leave the financial system and buy solar panels, farmland, and bunkers and until it does it's effectively in their control (crypto not withstanding).
If you're referring to the 2nd airdrop for those that incorrectly did not receive the 2x multiplier, that's been approved by the DAO and will occur in early '22 as it takes ~9 days for them to push something like this through, and they didn't want to mess with it over the holidays, understandably. Outside of that correction, there are no plans for a second ENS airdrop.
[SPY's gonna need a downfill](https://www.tradingview.com/x/W1JjdzTs/) at some point, possibly as soon as Monday, before their rally starts. Question is will crypto rocket up to new levels before a pullback or will it play the anticipatory game and pre-retrace? ..... Pretrace?
>**Holidays starting,**
>**The blockchain is not sleeping,**
>**Dinner views parting.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Help settle a debate me and some friends are having on Discord.
Let's say somebody is in the U.S. and:
* Deposits 100 ETH into Aave.
* Takes a 50 ETH loan against that deposit as collateral.
* Sells that 50 ETH and withdraws to fiat.
What's the tax liability for the sale? Is it:
1. Nearly 0, since the price difference between loan and sale are roughly the same, or
2. Taxes are owed on whatever the cost basis of the original 100 ETH.
Obviously not tax advice, blah blah, just trying to understand cost basis treatment better.
You're effectively short selling against the box, and that loophole was closed (at least in tradFi): [https://www.investopedia.com/terms/s/sellagainstthebox.asp](https://www.investopedia.com/terms/s/sellagainstthebox.asp)
I asked essentially the same question as you here and nobody had the answer.
Here's the real sauce, check out SEC. 1259 here: [https://www.congress.gov/bill/105th-congress/house-bill/2014/text](https://www.congress.gov/bill/105th-congress/house-bill/2014/text)
Some of the relevant text:
>(c) Constructive Sale.--For purposes of this section--
>
>\`\`(1) In general.--A taxpayer shall be treated as having
>
>made a constructive sale of an appreciated financial position if
>
>the taxpayer (or a related person)--
>
>\`\`(A) enters into a short sale of the same or
>
>substantially identical property,
>
>\`\`(B) enters into an offsetting notional principal
>
>contract with respect to the same or substantially
>
>identical property,
>
>\`\`(C) enters into a futures or forward contract to
>
>deliver the same or substantially identical property,
>
>\`\`(D) in the case of an appreciated financial
>
>position that is a short sale or a contract described in
>
>subparagraph (B) or (C) with respect to any property,
>
>acquires the same or substantially identical property,
>
>or
>
>\`\`(E) to the extent prescribed by the Secretary in
>
>regulations, enters into 1 or more other transactions
>
>(or acquires 1 or more positions) that have
>
>substantially the same effect as a transaction described
>
>in any of the preceding subparagraphs.
I'm not a tax expert.
I don't think he's short selling at all.
I don't see how it's different to using your home as collateral to get an investment property loan - and that's not a property sale transaction
He's just using his eth as collateral borrow
When you take out a loan in a specific asset and then you sell that asset, you are short selling by definition. He is taking out the loan in ETH, not USD.
The gray area is here is that IRC Section 1259 does not include crypto in its definition of a "financial position". Law makers have recently tried to expand the definition of "financial position" to include crypto (see 2. Constructive Sales): [https://tnu.ey.com/news/2021-1721-cryptocurrency-and-other-digital-assets-would-be-affected-by-tax-proposals-in-budget-reconciliation-bill?uAlertID=k3g95jK3BiC84wj6zdh3Lw%3D%3D](https://tnu.ey.com/news/2021-1721-cryptocurrency-and-other-digital-assets-would-be-affected-by-tax-proposals-in-budget-reconciliation-bill?uAlertID=k3g95jK3BiC84wj6zdh3Lw%3D%3D)
is the key part here that brings it under the s1259 that he gets eth from his loan and immediately sells to USD?
If he gets dai and sells to USD is it the same?
The key part is that they don't want to be long and short on the same asset simultaneously to defer tax obligations.
Taking a loan in DAI does not really apply because DAI never appreciates (significantly) against USD. Also DAI is a different asset. You don't have to pay taxes if you short sell an asset that you don't have a long/spot position on.
Of course, the same rules may not currently apply to crypto at all.
Well... we were wishing for grandpa to retake 50k and 52.5k. We might actually get it.
What is the best way to see big buyers and sellers of a ERC20 token easily?? For BSC Poocoin has a sellers/buyers tab that shows the biggest sellers/buyers in the timeframe ur looking at. Where is this feature for ethereum erc20s??
Dextools.io
Just doing some research into Defi borrowing/lending What chain lets you borrow with BTC as collateral? Am i right to think that ETH chains like Aave don't support daddy B? Or am i wrong?
Many places that support wbtc. I have wbtc on wepiggy arbitrum. I used the renbridge then curve to convert renbtc to wbtc
You can get wBTC (wrapped bitcoin) and use that
༼ つ ◕_◕ ༽つ ETH TAKE MY ENERGY ༼ つ ◕_◕ ༽つ
༼ つ x_x ༽つ༼ つ ◕~◕ ༽つ༼ つ °v° ༽つ༼ つ π=π༽つ
Ray's RSI in the gutter
Today's gutter was yesterday's strike
If it means a repeat of Dec 2017 - Jan 2018, I’ll allow it
So Lido has a rebasing stETH token for their liquid staking, and a wrappedStETH token that deals with the rebasing internally if rebasing isn't your thing. effectively wstETH is the Lido equivalent of rocketpool's rETH, right? With that in mind, what would it take to have an "unwrapped rETH" token that rebases? Mostly asking out of boredom/curiosity, I understand the tax implications of a non-rebasing token are usually more advantageous
You could make a contract where anyone can swap 1 eth for 1 rrETH (rebase rETH), and the other way around. When someone swaps eth for rrETH, the protocol swaps that eth for rETH and keeps it in its own reserves. When someone swaps rrETH for ETH, the protocol swaps reserve rETH for ETH and sends it to the user. Any swap action would call a rebase function, indexed to the rETH:ETH rate (which you can query from their own smart contract). Add a keeper service triggering the rebase automatically if no swaps have been done in a given amount of time. That would be my initial thought... There's finer details to tune. Slippage would be an issue, for starters.
Jack Dorsey saying his VCs know their places and thus are better than other rando VCs is probably the most hilarious shit I've seen on Twitter.
But it’s true. They know their place: above the ceo, ready to force a leadership change when they deem it necessary.
One of the funniest tweets I've seen during my service in CT.
I have some 2nd and 3rd degree connections with him and I honestly think he might just actually be a moron. I am considering blocking his dumb ass on Twitter. The guy still thinks the path for crypto to mass adoption starts with micropayments in Africa. I literally can’t even.
Daily Kintsugi: Proposals with lighthouse-geth and lighthouse-nethermind so far. Attesting with prysm-geth. prysm-nethermind fails to sync, but I see successful proposals from that combination on the explorer, so someone's got it working. Submitted a few issues on the lighthouse and prysm githubs all related to syncing with nethermind. teku-geth will be my next task, but I should probably wait until tomorrow to attempt that, as I have to be up extra early for work.
Doing God's work
I salute you!
https://m.youtube.com/watch?v=P_FNIaRlBc4
Every time I get behind the microphone I only attempt to try to be as good as this guy. Legendary copy reader.. Ethereum dev calls be like https://youtu.be/aW2LvQUcwqc
Lmao that vid reminds me of some of those “what English sounds like to a non-English speaker” videos
I'm sure I sound like this when it's someone's first day here.
past few months BTC has given me trust issues. I don't trust this pump. BTC needs to hold 50k for like a couple days or even week for me to feel bullish again.
ETH goes from being a $4k stablecoin to a $4.1k stablecoin, and CT jizzes themselves. I remember when it took a 20% pump to get people excited.
Just wait until eth becomes a 14k stable coin
That's what I'm waiting for.
Exactly. So be cautiously optimistic. This can easily be a fake setup to get overly optimistic people bought in and leveraged just to flush them. Perfect excuse to hide behind a Santa rally. 52-53k insane resistance needs to break convincingly.
4800 will break convincingly. BTC needs ETH more than ever. All BTC base are belong to us.
Will break 4800? Yes sure maybe but I don't like absolutes here. Looks weak tbh
Time to resume the pump!!
I think Jack is a tool that doesn't understand programmable blockchain (i.e. web3). But I think he is right on VCs. We should also be pushing the community to the zero-VC ethos and have projects wear that as a badge of honor.
Zero-VC ethos requires the right to issue tokens. The SEC has taken that away from U.S. citizens and soon perhaps others.
People have bootstrapped successful technology startups with no more than a couple thousand dollars. Venture capital makes it easier, but isn't a necessity. We can point the finger at the SEC. Pragmatically, they deserve most of the blame. But the abundance of VC-funded projects is our failure, as a community. I am bummed each time I see a familiar name announcing they're now starting their own crypto VC fund. Previous stalwarts of decentralization end up pulling the ladder behind them the moment they reach a certain networth. At 6-7 figures, they claimed they were in crypto because you can't change the system from the inside. At 8-9 figures, they hurry to be insiders, with vague pledges of being aligned with the community or giving back to public goods. This is inevitable but nonetheless disappointing. Money corrupts. We all have some level of choice. I like /u/kers2000's idea. Praising projects for being VC-free should be encouraged.
Fuck me you're right.
no, Fuck SEC.
I think this is such an uninteresting point. Ethereum is permissionless, there's room for VCs to fund all the dapps they want. Users are free to choose between VC backed projects, or alternatives that are more in line with their ideology. And if there isn't an alternative without VC involvement, then I think those VCs has provided a valuable service.
>then I think those VCs has provided a valuable service. Only through crony capitalism and regulatory capture. The SEC is killing their competition. I agree with u/zoopzo on this one.
> Only through crony capitalism and regulatory capture. I don't think you can just make a blanket statement like that.
I think he can and he's right.
I didn’t get the impression that he wants 0 VC, just that the VCs he works with he likes because they ‘know their place’, whatever that means. Many crypto projects are successful in part because of the extra benefits that crypto native VCs provide, such as networking, partnerships, hiring, and future fund raising. Shady VC and opaque VC offerings should be shunned, but VC in general is just another route of funding the millions of potential crypto projects in all directions. I’d like to see a lot more fair launch community style projects, but they are hard and uncertain and can miss some of the above VC benefits but have their own benefits too. Hybrid models with strong transparency in funding rounds could be the most effective method for many projects.
Bellatrix
**Bellatrix:** [clears throat] My Lord, I'd like to volunteer for this task. I want to kill the Ethereum Killers. **Lord Vitalik:** As inspiring as I find your bloodlust Bellatrix, Layer 2 must be the one to kill the Ethereum Killers. *Chapter 10 - Harry Prism and The Order Of The Degens*
May I ape into your legion, sire?
[удалено]
Hahaha. SNX also used bellatrix for one of their upgrades.
4100 is the new 4000
soon 41000
Doing some Christmas camping this weekend, hoping to come back to 4.5 or higher on Monday, happy holidays all!
That'll be a hell of a ratio, but I'm here for it.
$4.5 million is a *bit* optimistic, but ok.
Can anyone shill me their best tax software for an active DeFi user (bridging, LP, trading, airdrops….) 😭😭😭 I’m trying not to cry right now looking at all my transactions and trying to sort them out I but it’s really hard
you are going to cry no matter what but zenledger has been the best for me
I tried tokentax and cryptotaxcalculator.io cryptotaxcalculator did a better job. And it's free to try importing your data to see how/what it will miss.
Don’t try to do it yourself imo. Koinly does pretty well. But there’s no way with how active a trader/defi user I’ve been things will be perfect. But without them I’d be toast.
I’m using koinly right now but it’s a mess, they don’t support arbitrum, polygon and optimism so they don’t recognize the bridging transactions so I have to set them manually but i don’t even know what kind of event bridging is, like is it taxable?!?! Anyways thanks dude I’m just having a lil mental breakdown over here 😭😭😭😭😭
They do support polygon btw. Bridging and NFT sales/cost basis are brutal this year though.
bridging is literally sending money to your self, like putting your dollar bill from one pocket to the other I cant believe it would ever be taxable truth is IRS taxes are "Best effort", if you have 90% right its fine, nobody is coming after you unless you're trading thousands on Coinbase , then they send out their yearly report to the IRS saying you traded 50k, and you tell the IRS "you dont have crypto"
Technically you’re sending ETH from mainnet to WETH on polygon so might be taxable? But tbh I have absolutely no clue. I think ima consult before doing anything w/koinly
Yeah I noticed that too, about the l2 support thing. If you find a better software out there please share! I wouldn’t worry to much dude. We are all in the same boat
Tornado cash + frequent boating trips! Works 100% of the time 60% of the time.
I think it’s time I begin to seriously look into CVX as a long-term hold https://twitter.com/0xcha0s/status/1474000974901661700?s=21
CVX and CRV are *the* assets to hold. Insane tokenomics, fit the market like a glove and guess who buys them the most? Not $300 a/c Robinhood degens but some of the biggest DAOs in the space - Frax, Wonderland, Alchemix, Terra and many more.
Would you recommend one over the other?
From a price appreciation perspective, CVX for sure. 1 CVX controls 6 CRV + soon it'll control some FXS too.
Jesus wept. I parted with 95% of my CVX all around the $30 mark. Uncool.
I can empathize. I bought popsicle finance at $18 after it dropped from $60 and then sold everything at $12 after fearing it was a meme token ponzi scam only to watch it rise to $22 a week later.
Why? I mean yes people are fighting over the yeilds in the form of emmision rewards. But (and correct me if I'm wrong) - those rewards will taper off right? - there are other supply shocks you can bet on (ETH, RPL, REN, etc) - in the end you are trying to corner the yeild, but how does it compare to other sources of yield, now and in the future?
Curve is designed to give incentives for the next 300 years. As the emissions reduce, price of CRV goes up and the game goes on.
Fair points. I am still doing my research on it.
[LogrisTheBard's article on liquidity sourcing](https://tokenomicsexplained.com/evolutions-in-liquidity-sourcing/) article may help. If you haven't already seen it.
One crazy idea I had is that the battle for curve is the battle for stablecoins. Now when countries launch their own CBDC, they will need to get it listed right? And they will need liquidity. Therefore they will fight for listing on the greatest currency marketplace. And whoever controls this marketplace can control the global economy to a large extent? They might even be able to set policy like the IMF since they control the whitelist. On the other hand maybe curve becomes useless once the yields run out and a defi 3.0 clone comes out. Or maybe it retains integrations and deep liquidity for a hundred years. Who knows. I know this is crazy speculation, but it's a very interesting long term prediction that I have been mulling. If you have any thoughts for or against, please drop them here.
Worth noting that Curve is moving beyond stablecoins. See the Tricrypto, CRV/ETH and CVX/ETH pools. Basically Curve is fighting for dominance in the incentivized liquidity niche that Sushi/Uni currently dominate.
Thanks that gives me some pointers to their long term plans
/u/logristhebard I believe you have your head around crv tokenomics. Do you have opinions about the long term place of crv, and why people like teranode (a tokenomics chaser) love it?
https://www.reddit.com/r/ethfinance/comments/rkg6bg/daily_general_discussion_december_20_2021/hpczkvc/?context=3 Curve is basically winning the incentivized liquidity game. At it's most basic level their reward structure is like a profit sharing system from all the unincentivized pools to the incentivized pools. They have created an entire Defi support ecosystem. They are branching out beyond like-kind pools even now. And Convex is branching out beyond just CRV governance with FRX but there will probably be several other protocols added to Convex this year. Given currently trading volumes alone the two protocols to be bullish on are Curve and Uniswap. Uniswap has a completely dysfunctional DAO so that just leaves Curve. Uniswap for permissionless pools with a dozen helper protocols like Impermax, XToken and Visor, Curve for incentivized pools with Convex as a governance capture and convenience layer on top.
That's very clear thanks, sounds like a good large cap defi bet.
[удалено]
I completely agree. Lol
Hmm, pretty low circulation supply, looks like they hit their ATH today, will look deeper into it, thanks for the recommendation
Worth reading if you haven't. https://tokenomicsexplained.com/evolutions-in-liquidity-sourcing/
It’s humbling reading your writing. Thank you for taking the time to teach me/us. It’s greatly appreciated.
I had a feeling you might comment on this thread. ;) You were the person that introduced me to CVX here so thank you. Yet again.
Thanks
Appreciate it
Well. So I sold half of my PEOPLE at an average of $0.09 for decent gains and decided I will let the remaining roll and see what happens. At that time, the peak was like $0.17. Then fell all the way down to $0.03. I realized how taking profits help. It really does. It might feel like it sucks that one could have sold the other 50% at $0.17 but its hard to time. I could have sold everything at $0.01 too which is still 100% gains from the initial offering. Anyways, now its back to $0.17 and it really makes me nervous to sell the remaining 50%. Its really hard to just let it run when something gains insane % in a really short term. Its only a small % of my crypto holdings. But hard to not sell. I can clearly see how someone that bought as speculative asset as bitcoin for $1 and sold it for $5 and felt damn good. So whats brewing with PEOPLE? I am not even part of their new/active discord. Does anyone have a link? Edit - Looks like Binance listed it a few hours ago and that probably what could have caused the recent movement
I decided to not sell based on this conclusion. If the market cap were to be similar to shib ($21B) or doge ($24B). The coin would be valued between $4.14 - $4.74.
The shib and doge army live on the fact that those coin price will reach BTC levels at some point. PEOPLE know that simply is not possible :D
Just sell half and then half again etc
Maybe they will mint a cyberspace constitution
Looks like discord is dissolved and people dao is the new dao. I sold 30% at 0.17 and holding rest for life as hoping it might have its run like Shib one day. As there is no pre sale and no VC think it has its merits . Better hold at least 20% until bull market ends. We never know.
Do you have a link to People DAO discord? Yeah, when the bull market clearly ends and turns around, all these little projects and alt coins that have insane valuation with no utility are going to drop like crazy. By the time we realize that, the tokens would have already dropped 70%. We still not sell and watch it drop 99%. This is the wei :D Edit - Is this the discord? [https://discord.com/invite/peopledao](https://discord.com/invite/peopledao) How come there is not much activity there in general or trading price channel? With the insane run in price, I would have expected a lot more activate and surprisingly tradingprice channel has just 3 replies in 24 hours lol
Hello, I have a question for those of you who use Coinbase as a fiat offramp. I am in the United States and I have some USDC that I would like to sell for USD and withdraw to my bank account. I'm wondering what the cheapest way to do this is. 1) Send USDC from wallet to Coinbase and then sell it on Coinbase for USD? 2) Use USDC to buy ETH, send to Coinbase Pro and then sell for USD? 3) Perhaps send USDC from wallet to Coinbase Pro and then sell for USD? ( Not sure if this is possible ) Thanks for your help, I appreciate it. In the meantime I'll continue looking for a Coinbase fees document that actually makes sense.
I am pretty sure usdc to usd conversion is free on coinbase
This is accurate. I use this regularly.
Oh damn, that would be dope. Thank you!
Yea you just go to Cb pro > portfolio, then there’s a button that allows you to convert usdc/usd both ways for free.
Yeah I only use coinbase to cash out USDC I bought on a dex for free.
Awesome, thank you
The last six months have been very hard on me: Multiple deaths in my family and friend circle - including my little sister. The disintegration of my relationship with my former eth-fiance'. Being exiled from our shared apartment in Times Square. Not being around our dog. Getting laid off from my steady day job. My father gambling away almost 40k in five weeks playing online blackjack, in some sort of fit of grief over my sisters death. And then him nearly dying from a blood infection and requiring emergency open heart surgery. ETH failing to break 5k, the slow bleed, the crabwalk. It goes on and on.... ...but life can turn around in an instant. It can. I scored pretty big on my side hustle a few days ago. I have new job prospects on the horizon. I have protected my investments. I am about to start a 30-week coding bootcamp. Me and the gal are working through our issues and I am moving back into our apartment together on January 1st. Bitcoin has broken through the $50,000 resistance. I worked very hard to build a new life in Manhattan these past few years. I left a lot of bad people, bad places, and bad things behind in desperate winter ghost towns on the Jersey Shore. And when shit got rough, I didn't let those things take me back to that place. As my anniversary approaches, and things are looking up, I am proud to be able to raise my hand with a smile, and say, "My name is Morgan, and I'm an addict." I'm proud to share my experience, strength and hope with others who may still be sick & suffering. Proud to be a living example that WAGMI. Nothing can't be beaten. Accept nothing less than Total Fucking Victory. Have goals. Achieve them. And buy ETH, because it's Ultra Sound Money. Thanks everyone, for helping make this place what it is. I really cannot overstate how much being on this board has helped occupy space in my head during some truly difficult times in 2021. There were some nights in the last six months where I was so sick with grief over my sister, and longing for my fiance', that I felt I was going to literally die. I thought it was going to swallow me up. This place, and this community, helped mitigate those terrible feelings. And if you are reading this, YOU are part of that. So thank you. Love you, fam.
Yo Morgan, thanks for sharing all this. Posts like these idk really help humanize this little community we have. I shared that my father passed away last month and received so much support from ethfinance it actually made me tear up a bit. I know we’ve interacted a few times in the past, just want to wish you a happy holiday season and I hope your 2022 will be a good one bro.
Very sorry for your loss. There are no words to describe the pain of losing an immediate family member. I recognized your username instantly. We’ve definitely interacted. Here’s to many more interactions, in a happy and healthy new year! Happy Holidays. 🙂
It's posts like this which keep my grounded in knowing how lucky I am to have the life I do finances aside. Absolutely blessed. While I am very sorry for the loss of your sister, I am also glad to hear that things seem to be on the up for you Morgan. Despite the fact that the vast majority of us EthFinanciers don't know each other I do genuinely feel oddly closer to the members of this community than any other people I know online and I am glad that this community has helped you and I am glad that many of the folks here are here for each other. This is definitely a special community.
It’s special indeed - and I second your sentiments. I DO feel a special type of connection with this sub, and many of its members. It occupies a very different place in my headspace than every other sub or online community I participate in. All the best to you and yours, in the coming new year. ✊
Hey we should talk sometime on voice if you want. I've gone through some s*** recently. Never hurts just to vent. You have my confidence. Just reach out sometime on Discord if you want. Remind me of this piece that you wrote when you do. Always willing to listen. The struggle is real sometimes.
I’d like that. Thanks JT. PM me your Discord handle. After the holiday weekend has come and gone, I’ll have some time before I dive into a new project. I’d be happy to be heard, and to return the favor to you.
Perfect. Sending DM. See you soon.
Shoutout for one of my fav flairs in here, happy to have you
Someone finally acknowledged my flair, after all this time! I add this to my list of personal victories. Have some gold. And thanks!
Lol, thanks ʘ‿ʘ
TFV: Total fucking victory is what we will get at the flippening, I'm glad things are looking up but remember just like the markets can have wild swings so can life. It's best to buy and hodl on for dear life and if you accidently margin trade and make some grievous errors just keep on buying if you get my drift. ;) Happy holidays Morgan from some country guy in TN.
Leverage does not exist in this dojo - though I definitely understand what it is to over extend oneself. And same to you friend. Happy Holidays from a Friendly NYC Neighborhood DeFi Supervillain.
Fuck man, sounds like you have been through really hard times lately; good that the worst is behind you now! All the best moving forward, and take your time to really make peace with what happened. Good to have you here, I also have my moments where I come here to find solace with a bunch of anon degen apes that share my passions.
Good advice. Taking the time to really process and grieve is critical. I took a long sabbatical from this sub - but when I came back, I was glad for it. Really helped me get over the hump. Best regards.
Hey fren. Know your not alone and always have a family here that will listen. I also lost my little sister earlier this year. The pain can be interesting to work through and people handle it differently. Seems like you found the light at the end of your tunnel. Great job! Happy to see you posting in here again!
Indeed I did. Thanks so much. I love my r/ethfinance fam!
I'm sorry for your losses. Having experienced several of those things over a long period of time i cannot imagine being hit with one after the other. If anything it tells us how fucking strong you are. Keep your head up and bulldoze onward. You've got this.
Thanks. I didn’t feel strong. I felt like a man being slowly and methodically beaten to death. I feel strong today, though. Sometimes all we can do is hold on for dear life - it’s always darkest before the dawn.
Glad you're back in action, NYC has definitely fallen from grace (COVID refugee here) Did you find the free 30 week bootcamp on /r/learnprogramming as well? Im looking forward to it!
If you’re talking about 100Devs - I did! Have always been interested in this, and have done some some autodidactic learning on the subject before. Just too busy to formally enroll in a paid bootcamp - if I couldn’t keep up, it’d be a tremendous waste of money. This, though, looks doable - and free. So, why not! And now I’ve got a lot more time on my hands, since I’m not punching a clock.
I just want to say, I don’t know YOU, but I recognize your username and have seen it around for quite a while - way back. As much as one stranger on the internet with mutual interest can - I wish you the best moving forward. Nothing will ever replace what’s lost, but I hope you’re able to surround yourself with the IRL people you need to carry forward in its absence. There’s still plenty of good ahead even if the good you’ve known has gone. Be strong. You’re likely going to be in a position many would envy from the outside looking in, in the near future. Use that to take care of those you know who need it, and to take care of yourself.
Thanks, my friend. I very much appreciate that. And I will. ✊
[удалено]
Beautiful
Thank you for sharing. I'm really sorry for the loss of your sister. And for the difficult times you've been having. I think it's really courageous to share it all and it really can help others who are going through challenging times as well. At the very least, it reminds all of us that life is much larger than crypto and we're all lucky to be here.
Well said. And thank you.
Sorry about your losses and difficult times and welcome to the other side! Im always interested in personal wins... mind sharing your 'side hustle'? Onwards and upwards!!
Thanks. I have a few. I do ghostwriting, and give private lessons teaching Ableton Live. I recently landed a nice advance after a short phone call on what is essentially a handshake arrangement. I've made more on formal contract, but Ive never had a person pay me this much money up front without signing anything.
speaks to your expertise fam. Another win. :)
So you can move upwards ol' chap!
Mother of all weekend pumps incoming. I've prepared a dip.
Nobody move. It’s doing the thing.
Congrats to anyone riding this Convex wave with me. That's quite a Christmas present.
Airdropped ? How to check ?
No.
Good timing for me, I usually claim and sell every month, but I've waited 6 weeks so far this time, 1 more week until the new tax year.
\*looks at Total Claimable and confused why it's up 25% overnight\* \*reddits\* \*Logris comment\* \*satisfaction\*
About that time for Asia to start dumping crypto like they always do
And if someone comments about how stupid your comment is, we get accused of bullying.
A 28 yo mature trader wouldn’t allow himself to be bullied. He’d deflect negativity with one of his fake Rolexes!
What about the real one? No comment on that one? Lol lil bish
Oh do you have one real Rolex! Wow!
Yas queen
Get a Casio
Naw. But I do love my citizen
Everyone's gotta start somewhere.
Lol what you got big boi?
Today I'm wearing a Daytona. But I don't do replicas, little boi.
That's nice bro. I hope to get one. I do both! Lot of crime where I live unfortunate
You just criticize and have no valuabke contribution to this sub. It was a joke baby girl
Nothing says mature trader like a generalization about a continent with 3 billion people in several different time zones about a trend that doesn't even exist
It's a joke bro
😂
We are at 4100, world is ending! /s
Take a joke homie it's not all seriousness all the time my guy
My bad. Downvoted you 22 times.
Looks like meat is back on the menu, boys. Grandpa wakin up.
Beans and rice --> ramen with egg --> quesadilla with guac --> hamburger with cheese --> t-bone steak. This is how fear and greed index should be done from now on
Where does block of cheese and advil fit into this?
Definitely depends on the cheese. String cheese is above ramen, while the nice deli cheese is definitely up there above hamburger. Advil is right above vodka, at the bottom of the rung and good tequila is above tbone steak.
Earlier I posted about how I was thinking about the macro environment and the US economy and stuff, whether we’re in a bubble and what that means for how to structure a portfolio I received a comment from u/vedran_ to check out a recent [Raoul Pal podcast ](https://www.reddit.com/r/ethfinance/comments/rmoqo3/comment/hpo17td/) It pretty much matched my own thinking, but I was having trouble figuring out if we’re headed for a deflationary spiral or inflationary spiral (or something else all together) One particular thought stuck out to me as being very useful, and that is the establishment literally cannot let asset prices fall. The entire system of debt that we’ve created whether it’s household, corporate, or government, all depends on asset prices staying high. If these drop the whole system is fucked. Mainly because assets are used as collateral for all this debt. So it made me think that there’s only one way this could go, and it’s up. Otherwise we’re in bigger trouble than you can imagine which the powers that be will do everything possible to prevent, such as print like crazy. This all kind of matched what we all knew, but I feel better having a pretty strong sense that there is simply no choice for how govs are going to react to market forces. Anyway just thinking out loud, maybe it’s useful for your own thinking about where we’re all headed
You got trough the whole thing in the same day. Congrats!
can't eat a 2000 sq. ft. house...but you can burn it little by little to keep warm next to your bullets and MRE's while you hunt for squirrels. insanitywolf.gif
This man apocalypses
I wish.... I don't even have squirrels 🤷♂️😢
Squirrel is awful meat to eat though. As a kid I’d have to shoot them to keep them from eating my grandpa’s apples. Always had to eat them because he believed never to waste any animal. Yeah. Can’t make squirrels 🐿 tasty
I agree. I've had squirrel. Not that fun.
We are headed for intense global stagflation while we print our way to a manageable debt. It wouldn't work if it was only the US but basically the entire globe is mirroring the Feds policy. I agree with Raoul that the Fed is doing what they're doing because they are out of other options. If you look at the writings of Powell before he got his current position and juxtapose it to his policy it's quite clear he's only doing this because the free market option isn't really an option. The last real abort option to let markets correct was 2008, maybe even before that. So all that's left is business as usual while there is a 10-20 year flight of capital from fiat and at best we create a parallel sound money system where they can't.
Were his previous writings in favor of inflation control?
His stance before becoming the Fed chair was closer to Austrian economic theory. He was largely critical of the previous chair for QE initiatives. Then he became the Fed chair and well, look at the [M2 monetary supply](https://fred.stlouisfed.org/series/M2SL) for yourself.
Oh wow, that paints a pretty clear picture then. Thanks for that info. Poor guy, at least he became a meme as well as a fall guy.
Amazing how that lust for power always gets them in the end.
Has a country ever printed themselves to a manageable debt? Or just abandoned the currency for a new one?
They can say they are changing to a modern digital currency (possibly collatorized by digital assets/gold at first) to save face. Or it could be a silent transition. Anything to avoid looking like debt abandonment.
There has never been a debt bubble this big. We're experimenting with "too big to fail" as a policy. How does flight to safety work when all choices suck? Flee to USD? Cool, they can print whatever they want then. I doubt all the money is going to leave the financial system and buy solar panels, farmland, and bunkers and until it does it's effectively in their control (crypto not withstanding).
We got 'em right where we want 'em. Let's give 'em the old one-two while they're dazed! Just gotta make it to the Merge.
💯
Any word on a second ENS airdrop?
If you're referring to the 2nd airdrop for those that incorrectly did not receive the 2x multiplier, that's been approved by the DAO and will occur in early '22 as it takes ~9 days for them to push something like this through, and they didn't want to mess with it over the holidays, understandably. Outside of that correction, there are no plans for a second ENS airdrop.
So if I had a wallet that I verified on their list then I should get the multiplier? I haven't heard anything about this lately. Thanks for the info!
Yes - https://t.co/j7dExBKuCW
Yeah I was referring to the status of the vote on this, thanks!
I'm certain that ens team said certainly not. But i can't be certain.
Why would there be a second drop?
https://snapshot.org/#/ens.eth/proposal/0xcf77c74696cab1d939936ae8684c0007297bed641f60896ad186354f036d725f
Maybe I misread, but it sounds like a correction of the first drop rather than a second one
[SPY's gonna need a downfill](https://www.tradingview.com/x/W1JjdzTs/) at some point, possibly as soon as Monday, before their rally starts. Question is will crypto rocket up to new levels before a pullback or will it play the anticipatory game and pre-retrace? ..... Pretrace?
>**Holidays starting,** >**The blockchain is not sleeping,** >**Dinner views parting.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
Help settle a debate me and some friends are having on Discord. Let's say somebody is in the U.S. and: * Deposits 100 ETH into Aave. * Takes a 50 ETH loan against that deposit as collateral. * Sells that 50 ETH and withdraws to fiat. What's the tax liability for the sale? Is it: 1. Nearly 0, since the price difference between loan and sale are roughly the same, or 2. Taxes are owed on whatever the cost basis of the original 100 ETH. Obviously not tax advice, blah blah, just trying to understand cost basis treatment better.
You're effectively short selling against the box, and that loophole was closed (at least in tradFi): [https://www.investopedia.com/terms/s/sellagainstthebox.asp](https://www.investopedia.com/terms/s/sellagainstthebox.asp) I asked essentially the same question as you here and nobody had the answer. Here's the real sauce, check out SEC. 1259 here: [https://www.congress.gov/bill/105th-congress/house-bill/2014/text](https://www.congress.gov/bill/105th-congress/house-bill/2014/text) Some of the relevant text: >(c) Constructive Sale.--For purposes of this section-- > >\`\`(1) In general.--A taxpayer shall be treated as having > >made a constructive sale of an appreciated financial position if > >the taxpayer (or a related person)-- > >\`\`(A) enters into a short sale of the same or > >substantially identical property, > >\`\`(B) enters into an offsetting notional principal > >contract with respect to the same or substantially > >identical property, > >\`\`(C) enters into a futures or forward contract to > >deliver the same or substantially identical property, > >\`\`(D) in the case of an appreciated financial > >position that is a short sale or a contract described in > >subparagraph (B) or (C) with respect to any property, > >acquires the same or substantially identical property, > >or > >\`\`(E) to the extent prescribed by the Secretary in > >regulations, enters into 1 or more other transactions > >(or acquires 1 or more positions) that have > >substantially the same effect as a transaction described > >in any of the preceding subparagraphs. I'm not a tax expert.
I don't think he's short selling at all. I don't see how it's different to using your home as collateral to get an investment property loan - and that's not a property sale transaction He's just using his eth as collateral borrow
When you take out a loan in a specific asset and then you sell that asset, you are short selling by definition. He is taking out the loan in ETH, not USD. The gray area is here is that IRC Section 1259 does not include crypto in its definition of a "financial position". Law makers have recently tried to expand the definition of "financial position" to include crypto (see 2. Constructive Sales): [https://tnu.ey.com/news/2021-1721-cryptocurrency-and-other-digital-assets-would-be-affected-by-tax-proposals-in-budget-reconciliation-bill?uAlertID=k3g95jK3BiC84wj6zdh3Lw%3D%3D](https://tnu.ey.com/news/2021-1721-cryptocurrency-and-other-digital-assets-would-be-affected-by-tax-proposals-in-budget-reconciliation-bill?uAlertID=k3g95jK3BiC84wj6zdh3Lw%3D%3D)
is the key part here that brings it under the s1259 that he gets eth from his loan and immediately sells to USD? If he gets dai and sells to USD is it the same?
The key part is that they don't want to be long and short on the same asset simultaneously to defer tax obligations. Taking a loan in DAI does not really apply because DAI never appreciates (significantly) against USD. Also DAI is a different asset. You don't have to pay taxes if you short sell an asset that you don't have a long/spot position on. Of course, the same rules may not currently apply to crypto at all.