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  1. #3951
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    Quote Originally Posted by jackstraw View Post
    Not stating anything about third world countries or any country or group of people specifically. Just thinking people in any country could and certainly are looking at this "currency" differently.
    None of this shit is looking at money or currency differently. It’s just reinventing the wheel so a bunch of different people can make money on the hustle. NFTs offer nothing the art world didn’t have before. Not even the obvious sell side corruption of dealers bidding up works they have the rights to

    So much if this shit is first world dudes extrapolating onto the “3rd world” their fears, not the actual 3rd world doing shit.

  2. #3952
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    None of this is an accident. Bitcoin is controlled by a cartel made up of a few entities and accounts. Crypto going mainstream is driven by well-articulated road mapping. NFTs are part of the plan. The talking points and 'repetitive arguments' stalefish and shera post here are first posted elsewhere and then widely disseminated. The new plutocracy is incredibly adept at both technical and social engineering in order to maintain and increase its wealth and power.

  3. #3953
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    Russia, China, Europe, Asia and America - they will all buy your steampunk tokens one day because they are worth so much. They will wish they had stocked up now while the limited supply of 'software-code+maths' systems tokens were actually available and still in jelly hands. They'll want BTC, ETH, DOGE and most importantly the instantly printable and honored TETHER to stock their central reserves. The glitters (gold), the girls best friend (diamonds), even catalytic converters will enjoy the shade cast by the world wide graphics-card and ASIC-factory-produced numbers of the billions of dice rolls systems (BTC). SATOSHI will then come the 2nd time and reveal himself to the true disciples.

    THIS HAS BEEN YOUR SUNDAY SPECIAL MESSAGE. IF YOU ENJOYED THIS MESSAGE, PLEASE PLACE THESE LEAFLETS IN YOUR NEIGHBOURS MAILBOX AND POST STUPID SHIT ON THE INTERNET. ALWAYS YOURS, SATOSHI (THE MOOLA AND THE OMEGA).
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  4. #3954
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    Cheer up dudes. ETH just hit 3k!

    Sent from my Pixel 4 XL using Tapatalk

  5. #3955
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    Quote Originally Posted by jm2e View Post
    Thanks. I wade through the mountains of unproductive repetitive arguments to gain the very occasional morsel of useable advice.
    ]
    Not advice! Just describing what I'm doing. Everyone has a different situation and NOBODY has a crystal ball.

    Quote Originally Posted by stalefish3169 View Post
    Cheer up dudes. ETH just hit 3k!
    Maybe we are going parabolic? Honestly, taking profits stresses me out. It's easy to sit on your hands and wait. Somewhat stressful to buy and very stressful to take profits...for me.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  6. #3956
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    So for you mags that are deeply entrenched in the game, what other smaller crypto currency’s are you into, (basically, other than BTC & ETH)? What factors do you consider and how significant are they in your portfolio?


    Sent from my iPhone using TGR Forums
    Lots of Cream, Lots of Sugar

  7. #3957
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    Quote Originally Posted by jm2e View Post
    So for you mags that are deeply entrenched in the game, what other smaller crypto currency’s are you into, (basically, other than BTC & ETH)? What factors do you consider and how significant are they in your portfolio?


    Sent from my iPhone using TGR Forums
    Mrs Tgapp likes crypto - we're not really idealogically into it, certainly not enough to argue about the impacts on global energy consumption or income disparity or a non-fiat currency on a ski forum; like many millennials our interest in crypto is equal parts curiosity, penny-stock gambling, and a desire to fuck over the financial institutions that have fucked us over so badly. And hey - I spend thousands of dollars every year on skis and dumb shit that definitely does not appreciate, so I'm happy to let her have her fun.

    That said, she keeps a broad portfolio of coins, mostly HODLing them for fun. I asked her what she has right now and this is what she says:

    Syntropy
    Chainlink (mostly because ETH is her main squeeze)
    Cardano (because proof of stake is the clear future)
    Polkadot

    Take all of these coin reccs with a grain of salt; her MO is she hears about a cool new coin, understands the problem that it is trying to solve in the market (or the technology it represents), and then she throws some money at it. All of the money we've put into crypto lately has been from a COVID19 Novavax study we did, which we didn't do for the money, and we didn't know where to spend it, so it went into crypto. Her portfolio is doing awesome, but again, we don't know what the fuck we're doing.

    Sent from my Pixel 4a (5G) using Tapatalk

  8. #3958
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    Quote Originally Posted by jm2e View Post
    So for you mags that are deeply entrenched in the game, what other smaller crypto currency’s are you into, (basically, other than BTC & ETH)? What factors do you consider and how significant are they in your portfolio?


    Sent from my iPhone using TGR Forums
    Here is my non-advice...I own ETHE.. The Grayscale Ethereum Trust. Grayscale also has a bitcoin trust...which I don't own.. I buy and sell ETHE in my IRA which is with Vanguard... So no capital gains tax issues..I want to be able to get in and out faster and cheaper than storing and buying and selling coins through a coin exchange...but.. I can only buy or sell during stock exchange hours..Not the 24/7 trade window of the coin exchanges..
    what's so funny about peace, love, and understanding?

  9. #3959
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    Quote Originally Posted by up an down View Post
    Here is my non-advice...I own ETHE.. The Grayscale Ethereum Trust. Grayscale also has a bitcoin trust...which I don't own.. I buy and sell ETHE in my IRA which is with Vanguard... So no capital gains tax issues..I want to be able to get in and out faster and cheaper than storing and buying and selling coins through a coin exchange...but.. I can only buy or sell during stock exchange hours..Not the 24/7 trade window of the coin exchanges..
    PS... The Grayscale trusts do not necessarily follow the price of coin in lock step....like today..Ethereum coin is currently up by a higher percentage than is ETHE..
    what's so funny about peace, love, and understanding?

  10. #3960
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    Quote Originally Posted by jm2e View Post
    So for you mags that are deeply entrenched in the game, what other smaller crypto currency’s are you into, (basically, other than BTC & ETH)? What factors do you consider and how significant are they in your portfolio?


    Sent from my iPhone using TGR Forums
    If you want to just have a little fun so you can call yourself a millionaire. Put a few bucks on safemoon. It's popular and I believe 2nd most watched crypto on coinmarketcap.com. It's currently at $.0000048 per coin so it won't take much to get a million of them. It's a new coin so it's only available on a few exchanges one being bitmart.

  11. #3961
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    Quote Originally Posted by shera View Post
    Not advice! Just describing what I'm doing. Everyone has a different situation and NOBODY has a crystal ball.



    Maybe we are going parabolic? Honestly, taking profits stresses me out. It's easy to sit on your hands and wait. Somewhat stressful to buy and very stressful to take profits...for me.
    I hear that. I just try to schedule profit taking ahead of time to remove the emotional component. Still easier said than done though. I've sold about 1 ETH per month since January and definitely feel some fomo. But the feelings of gratitude are stronger.
    Quote Originally Posted by jm2e View Post
    So for you mags that are deeply entrenched in the game, what other smaller crypto currency’s are you into, (basically, other than BTC & ETH)? What factors do you consider and how significant are they in your portfolio?


    Sent from my iPhone using TGR Forums
    That's a hard question, but in a bull market, the trend is your friend.

    FWIW, Wax is one of my moon bags. It's got the most popular dapp in all of crypto and a majority of the top 10 on https://dappradar.com/ and it's not even on page 1 of CMC. New collections just dropped from MLB, Weezer, Reebok, etc. and most people have still never heard of it. Been going through heavy consolidation for about a month but think the next leg higher is coming soon. But, not financial advice and DYOR.

    https://twitter.com/krugermacro/stat...432483841?s=19

    Sent from my Pixel 4 XL using Tapatalk

  12. #3962
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    Quote Originally Posted by up an down View Post
    Here is my non-advice...I own ETHE.. The Grayscale Ethereum Trust. Grayscale also has a bitcoin trust...which I don't own.. I buy and sell ETHE in my IRA which is with Vanguard... So no capital gains tax issues..I want to be able to get in and out faster and cheaper than storing and buying and selling coins through a coin exchange...but.. I can only buy or sell during stock exchange hours..Not the 24/7 trade window of the coin exchanges..
    Quick question for you then. When ETH goes POS, will there be a fork? Like when Eth and ETC split. So then, what is ETHE fund going to do? Do you get the tokens on each chain or will they just give you the new chain? Just wondering what ETHE is going to do in that instance with the assets under management. For all you know, the tax advantages of having it in the IRA via ETHE might not be as good as holding directly because you can keep the old chain and the new chain if you are directly invested.

    I don't know. I'm just throwing that out to people based on how these things have gone in the past. Will existing miners lose a lot once it changes over to POS? What are they planning to do?

    This is the first time a blue-chip crypto has gone from POW to POS, right?
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  13. #3963
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    Bitcoin: Money that gamblers, pirates and tax evaders can use. Creator is a mystery.

    OK - I get that.

    Ethereum: Highly inefficient decentralized spreadsheets that enable programming bugs to take others money. A backup to Bitcoin in case the Fed takes our cheese. Creator has a HUGE pre-frontal cortex.

    OK - I get that.

    Attachment 373398

    Um, nope. I don't quite get that. Billions are lacking economic identity??? And why the fuck is the guy in boxer shorts doing yoga on a sofa??? Dude looks like Homer Simpson. So they picked the ADA platform language so that people might think that 'absurdity equals advantage'? Perhaps. But doing yoga in underwear??? IMO this is going to dump hard when the bears awaken next.

    Um, so that's my shitpost fortune telling prediction of the day. Don't blame me if you sell and it moons to high infinity. Not a false flag operation. I just don't get Cardano in any way.
    OH, MY GAWD! ―John Hillerman  Big Billie Eilish fan.
    But that's a quibble to what PG posted (at first, anyway, I haven't read his latest book) ―jono
    we are not arguing about ski boots or fashionable clothing or spageheti O's which mean nothing in the grand scheme ― XXX-er

  14. #3964
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    Quote Originally Posted by puregravity View Post
    Bitcoin: Money that gamblers, pirates and tax evaders can use.

    OK - I get that.

    Ethereum: Highly inefficient decentralized spreadsheets that enable programming bugs to take others money. A backup to Bitcoin in case the Fed takes our cheese.

    OK - I get that.

    Attachment 373398

    Um, nope. I don't quite get that. Billions are lacking economic identity??? And why the fuck is the guy in boxer shorts doing yoga on a sofa??? Dude looks like Homer Simpson. So they picked the ADA platform language so that people might think that 'absurdity equals advantage'? Perhaps. But doing yoga in underwear??? IMO this is going to dump hard when the bears awaken next.

    Um, so that's my shitpost fortune telling prediction of the day. Don't blame me if you sell and it moons to high infinity. Not a false flag operation. I just don't get Cardano in any way.
    Well Hoskinson is the founder of Cardano, and also one of the founders of Ethereum, so either A) he doesnt think Ethereum is good and we should stick with Cardano, or B) he just saw how easy it was for him to get people to buy ETH and make him incredibly wealthy the first time around, so why not do it again?


    Cardano is a blockchain platform for changemakers, innovators, and visionaries, with the tools and technologies required to create possibility for the many, as well as the few, and bring about positive global change.

    With a leading team of engineers, Cardano exists to redistribute power from unaccountable structures to the margins – to individuals – and be an enabling force for positive change and progress.



  15. #3965
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    Quote Originally Posted by puregravity View Post
    Quick question for you then. When ETH goes POS, will there be a fork? Like when Eth and ETC split. So then, what is ETHE fund going to do? Do you get the tokens on each chain or will they just give you the new chain? Just wondering what ETHE is going to do in that instance with the assets under management. For all you know, the tax advantages of having it in the IRA via ETHE might not be as good as holding directly because you can keep the old chain and the new chain if you are directly invested.

    I don't know. I'm just throwing that out to people based on how these things have gone in the past. Will existing miners lose a lot once it changes over to POS? What are they planning to do?

    This is the first time a blue-chip crypto has gone from POW to POS, right?
    There were a lot of fork wars (and hash wars) over bitcoin, look up BSV (bitcoin satoshi vision) and BCH (bitcoin cash). LItecoin is an old fork of BTC. Anyone can fork code, it's open source in github.

    In the early days there was some kind of hack in ethereum and they rolled back the blockchain to return the funds. Ethereum Classic (ETC) is the original chain and the fork is ETH as we know it today, see https://ethereumclassic.org/

    As I understand it, when we go to proof of stake there will be code that makes mining astronomically difficult and not profitable. It will be interesting to see how all that plays out and where the miners go. Some miners own asics which will be forced to stick with the dagger-hashimoto algorithm while other miners (like me) use GPUs that are more general purpose. I understand Raven is currently paying well.

    You ask an interesting question about the grayscale trust. Of course they will follow the Ethereum Foundation (Vitalik&Crew), but it is true that all forks will have coins in their wallets. We'll see how it goes.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  16. #3966
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    Quote Originally Posted by stalefish3169 View Post
    Cheer up dudes. ETH just hit 3k!
    The world has been moving away from Bitcoin in favor of Ethereum for some time. This is just the beginning. Markets haven't fully realized it yet.

  17. #3967
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    Quote Originally Posted by MultiVerse View Post
    The world has been moving away from Bitcoin in favor of Ethereum for some time. This is just the beginning. Markets haven't fully realized it yet.
    This couldn't be farther from the truth. They are 2 very different chains with very different use cases. And the markets are very informed. ETH has outperformed BTC for over a year.

  18. #3968
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    Quote Originally Posted by up an down View Post
    Here is my non-advice...I own ETHE.. The Grayscale Ethereum Trust. Grayscale also has a bitcoin trust...which I don't own.. I buy and sell ETHE in my IRA which is with Vanguard... So no capital gains tax issues..I want to be able to get in and out faster and cheaper than storing and buying and selling coins through a coin exchange...but.. I can only buy or sell during stock exchange hours..Not the 24/7 trade window of the coin exchanges..
    https://itrustcapital.com/ is your answer

  19. #3969
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    Quote Originally Posted by stalefish3169 View Post

    https://twitter.com/krugermacro/stat...432483841?s=19

    Sent from my Pixel 4 XL using Tapatalk
    Here is a basic DYOR resource:


  20. #3970
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    Quote Originally Posted by MakersTeleMark View Post
    This couldn't be farther from the truth. They are 2 very different chains with very different use cases. And the markets are very informed. ETH has outperformed BTC for over a year.
    Bitcoin security requires paying rewards to miners in two ways: 1) block subsidies 2) transaction fees.

    Due to the hard cap the block subsidy decreases to zero over time. That means fees have to increase to maintain security. Higher fees lower transaction demand and fewer transactions decreases the hash rate, which decreases security. Bitcoin will no longer be thought of as a store of value if transactions fall because of high fees.

    Unlike Ethereum, Bitcoin is memecoin setting aflame $50 million in real resources everyday.

  21. #3971
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    Quote Originally Posted by MultiVerse View Post
    Bitcoin security requires paying rewards to miners in two ways: 1) block subsidies 2) transaction fees.

    Due to the hard cap the block subsidy decreases to zero over time. That means fees have to increase to maintain security. Higher fees lower transaction demand and fewer transactions decreases the hash rate, which decreases security. Bitcoin will no longer be thought of as a store of value if transactions fall because of high fees.

    Ethereum does not have this problem.
    You are forgetting one monster thing that happens with scarcity. PRICE.

  22. #3972
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    "fewer transactions decreases the hash rate which decreases security"

    That's not how I understand the code to work. Maybe you can expand on that statement. I'm not trying to get into a btc vs eth argument, just wondering what you are trying to say?

    Interestingly, around the year 2140, the bitcoin block rewards will end altogether and the pow function will rely entirely on transaction fees.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  23. #3973
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    Quote Originally Posted by MakersTeleMark View Post
    You are forgetting one monster thing that happens with scarcity. PRICE.
    But the plot thickens! EIP 1559 will (supposedly) cause eth to become a deflationary asset through token burns. We live in interesting times.
    Live each season as it passes; breathe the air, drink the drink, taste the fruit, and resign yourself to the influences of each.
    Henry David Thoreau

  24. #3974
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    Quote Originally Posted by MakersTeleMark View Post
    You are forgetting one monster thing that happens with scarcity. PRICE.
    Scarcity only matters if accompanied by security. There's no reason why you couldn't have a fixed-supply token based on Ethereum along with the added advantage of lower fees and faster blocks.

  25. #3975
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    Quote Originally Posted by shera View Post
    But the plot thickens! EIP 1559 will (supposedly) cause eth to become a deflationary asset through token burns. We live in interesting times.
    Most alt coins are deflationary already. It's about time ETH got on the boat, however slowly. Same goes for rollups and sharding.

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