Utopia Talk / Politics / Magic Internet Money

nhill Member	Thu Nov 04 16:40:20 Fuck the banks. (◕‿◕)╭∩╮ Nim: If you're holding your $JOE, you can stake it into $xJOE and deposit into Abracadabra to get some $MIM. :) Just released today. Then you can take the $MIM and make it work for you. ;) Abracadabra! (last thread: http://uto...read=88779&time=1636008044046)
Average Ameriacn Member	Thu Nov 04 16:41:49 Joe the plumber???
nhill Member	Thu Nov 04 16:42:43 Joe Mama ( ͡° ͜ʖ ͡°)
nhill Member	Thu Nov 04 16:47:04 Also, I started to diversify my Reserve Currency bags. Saw that Exodia converted 33% of their treasure into $OHM: http://eth...754de339d7a487c2a202fc8a55ba4e And the devs have been pretty straightforward the past few days and added multisig keys from key community members. I no longer think it's a rug. It's a small starter position (2.5% of my reserve currencies), but at 25 million market cap it's a huge opportunity. Risk/reward, though. Many OHM forks have fallen. But it being on $FTM makes me want it to succeed. :)
nhill Member	Thu Nov 04 16:55:30 I do one of three things with this: 1. Take it and buy yourself something nice. But where's the fun in that. I prefer 2 or 3. 2. Take it and supply the $MIM on $TAROT for ~30% APR. Make your money make money. 3. Take it and go full degen. You know what to do here. :)
Nimatzo iChihuaha	Fri Nov 05 08:49:48 Oh this thread went under my radar! I was preparing to make another "Dukhat is a loser", but I guess that is enough attention given to him. "If you're holding your $JOE" "Take it and supply the $MIM on $TAROT for ~30% APR. Make your money make money." I only have a tiny amount of JOE from interest. Missed opportunity since it has done pretty good. But I am ready for some degen moves >:) "But it being on $FTM makes me want it to succeed." I like this development for the same reason. Will look into Exodia closer now. FTM and LUNA I really believe in these projects long term and it is reflected in my holding. I have added SCRT and ICX, slowly bought into both and the full position is deployed. Loving it atm, one pumps, then the next one moves etc. and so on. :) all the L1s I have have set new ATH, $MA has done great, looks like LINK is waking up now I have the fundamentally valuable stuff covered. Gonna stay away from games for now, unless we find something special. You know you explained how FTM launched in a bear market, a great indication that the project is serious. We need to find something like that in games. Gotta find that gem that is making a great game and allowing the rendering of the code to speak for itself and rise organically. Gonna be hard, since the tradition in games is hype Hype HYPE! But we know what to look for.
Nimatzo iChihuaha	Fri Nov 05 08:59:48 I think OHM is still preforming well. Those are some MASSIVE trade volumes, unseen on OHM. In that light the drop in price (only 10%) is awesome, a couple of 100 million OHMs were absorbed just like that. This is not reflected on the ETH price as it has been going sideways lately, but most other major alt has set new ATH. Presumably that is where the OHM is going?
Nimatzo iChihuaha	Fri Nov 05 13:46:16 Hsss I jinxed OHM :(
nhill Member	Fri Nov 05 16:44:46 Yeah how dare you! ;) I'm not concerned. For whatever reason, whenever something gets massive hype in crypto it ends up dumping for a while. Most people argue this is because the hype train is simply looking for exit liquidity, but I've always been skeptical of that. Sure, it happens sometimes. But every time? Nah, I think there's more to it. TBH, my first reaction to seeing the Tim Ferriss tweet was to sell. It seems like whenever a crypto project goes mainstream (or as close to it as you can be with a DEX driven token), it corrects. I'm guessing a lot of people have this same learned reaction, and acted upon it. Many assume "the fun is over" once it's been fully popularized, as, at that point, you've reached peak hype. I think that's what happened to $OHM here. And why I was disappointed that we have all these external forces blurring the picture. But that's part of the growth process. We'll see how well it weathers. :)
nhill Member	Fri Nov 05 16:48:00 I love the Chainlink project, but I'll never invest in $LINK again until they stop using their token for development expenses. The team is notorious for dumping it on each rally. Look at the ETH/LINK chart on tradingview on the weekly. It's horrendous. I appreciate people that buy the token, though, as it is a critical project and they apparently need the funding. But for investment purposes? Nah. I see it as more of a donation. ;) But maybe it'll finally rally after a year of being dormant relative to ETH. My thesis could be wrong.
nhill Member	Fri Nov 05 16:52:10 > You know you explained how FTM launched in a bear market, a great indication that the project is serious. We need to find something like that in games. Gotta find that gem that is making a great game and allowing the rendering of the code to speak for itself and rise organically. Gonna be hard, since the tradition in games is hype Hype HYPE! But we know what to look for. I agree with this. The only caveat I would put is that I said that about Wonderland, not FTM ;) But your point is not changed based on that detail. I'm actually quite curious about how Wonderland will evolve. They are plan on using as a currency for a game, but AFAIK it's not even remotely fleshed out yet. But I wouldn't past Dani to announce the game at just the right moment and the token exploding. He likes to prove people wrong, and now has a lot of people thinking Wonderland will fail now that their relationship with Olympus DAO is on the fritz.
Nimatzo iChihuaha	Fri Nov 05 17:42:38 "For whatever reason, whenever something gets massive hype in crypto it ends up dumping for a while." Hehe like FTM has been lately :) Coin Bureau did a video promoting it yesterday, initiating another pump. Son of a bitch, these crypto channels are making bank, been observing this all over the place. Shilling done the right way! "once it's been fully popularized, as, at that point, you've reached peak hype.." "we have all these external forces blurring the picture." De-centralization is difficult because we humans, are not decentralized in how we behave or think. It's not a secret, we behave predictably in large groups and that is compounded by increased connectivity across boundaries and borders. Even as decentralization is the center of the block chain project, I think that will probably be the most difficult thing to get right. There is a degenerate sheep inside all of us looking for emergent patterns. Few can see that and even fewer can correct for it. "Look at the ETH/LINK chart on tradingview on the weekly" Ouch... I am +23% right now, maybe call it a day eh ;)
Nimatzo iChihuaha	Fri Nov 05 17:52:02 "I said that about Wonderland, not FTM" Must have confused this with someone else :) "They are plan on using as a currency for a game, but AFAIK it's not even remotely fleshed out yet." Ok, now THAT I can believe in. You have a currency with real use and value and then use that in a game, kind of like how it works already. Because we are touching on the problem we are aware of, there are too many tokens, every one and their grand mother can't have their own branded minting of tokens. The implosion of the crypto gaming market cap will be spectacular. In some morbid way I am looking forward to it :)
nhill Member	Fri Nov 05 18:30:40 Well, I certainly did say it about Wonderland. Perhaps I said the same about FTM and don't recall. The space moves so fast that facts get catalogued as metadata and I run out of space for the minutiae. But I still feel FTM is criminally undervalued. AVAX and SOL had VCs and hype machines behind them, where FTM has slowly built out the best balance of security, affordability, and decentralization of all the alt L1 chains. I see it as a top 10 project. I also love the bottom up approach of Wonderland. Currency-first, then build on top of it. The inverse approach, something like Star Atlas where the token is just a "here's a bunch of tokens we'll use in the future", without much thought into the demand mechanics, leaves a lot to be desired. They ride or die on hype. Whereas Wonderland has great game theory characteristics behind it (granted, all copied from Olympus), and has proven to be a valuable project before the game has any details. So much potential there... Olympus is naturally evolving in a similar way. Proving out a currency and building an ecosystem (as I mentioned before). I love that style of design as a software dev. Make one thing really good, focus on that, and build out on top of it. As opposed to the contracts I'd get sometimes when I was a mercenary iOS developer, that would want to include 10-15 different things all on their beta release. Saw many startups fail, including one I personally had some equity in as an advisor. Problem was they didn't take my advice and ended up releasing a slew of features, but none of them stood out from the competition. So these types of projects really suit my personality. I don't underestimate that, as it allows me to leverage hard-fought skills that made others millionaires over the course of my career, but now I'm able to leverage that expertise into my own wallets. So many beautiful things about crypto. Crypto is for the people. Web 2.0 was all about the corporation. Web3 is all about the people. Happy to be alive during the transition!
Nimatzo iChihuaha	Sat Nov 06 12:54:33 "I also love the bottom up approach of Wonderland." Fix the money, fix the world. I am very glad we met, it would be an understatement to say that my life has changed. What I put my time on, what I read what I listen to, my priorities on what I put time and energy into have radically changed. Here is a concern I have, stable coins. What is FUD and what is real here? The US government seems to want to rein them in, whatever that means. What a tragic irony that the fiat pegged cryptos are the ones that pose a systemic risk :P
nhill Member	Sat Nov 06 13:42:34 Ironically, the answer to that fits the title of this thread. ;) Decentralized stablecoins have not been targeted at all. $MIM (Magic Internet Money), $UST (Terra), and $DAI (MakerDAO) are all mitigating the risks of the centralized stablecoins. The US government essentially wants to make sure all the stablecoins issued by Tether, Binance, Gemini, Circle, etc. are able to be redeemed 1:1 for USD like they claim. Decentralized stables don't have the same concern, as they aren't redeemable, they are only tradeable. This gives them their own risk profile where their true value is going to be determined by the collateral backing and supported by arbitrage. But it's a system that has been working well. But it's undeniable that crypto liquidity was boostrapped by centralized stablecoins, so even the decentralized versions share that risk. Ultimately, I don't think the US government will do anything that causes the centralized stablecoins to lose their peg. And that's the real risk here, as losing the peg for Tether would cause a liquidity crisis. Now, the government may prevent Tether from being printed or regulate the process of printing (e.g. by requiring a secured backing to be certified by the SEC before they can create more stablecoins). So we may see a situation where you can't use USDC or Tether on some exchanges. They may run out. But the industry is moving further and further towards the decentralized alternatives, so, IMO, that would not be a *huge* deal. It'd certainly cause a temporary selloff (markets hate uncertainty) and prevent big money from entering. As Tether has the best liquidity, so the least amount of slippage. Without it, certain players would not be able to operate. Long story short: I think the risk has been identified by the ecosystem and that's why we're seeing an explosion in popularity in decentralized coins. I don't think the government would take drastic actions that would cause USDC or USDT to lose their peg. The more time goes on, the smaller the risk of stablecoins, as the decentralized versions take up more market share.
OsamaIsDaWorstPresid Member	Sat Nov 06 20:18:59 rofl u bitcoin maxipads r gona cry wen btc goez to 0
Nimatzo iChihuaha	Sun Nov 07 10:48:22 Very well :) Have you heard about Kadena? PoW L1 with solid performance. The tokenomics looks very good as well. http://kadena.io/ Looks interesting. I'm gonna try to read up some more. It has been blowing up lately, so it would have to hold long term promise now to go in, but I am game for a solid PoW based L1.
Nimatzo iChihuaha	Mon Nov 08 07:45:31 Looks like Exodia is going through the same pain as KLIMA did, looks like it is almost time to start dollar average in :) Learned a lesson from KLIMA :P still plus on Klima, but not as much as I could have been, if I had not FOMOed in. My first launch so there was some legit FOMO. Like What Exodia did, fomoing into that and selling when you had 10-15x, before it crashed back down. Pretty good deal!
nhill Member	Mon Nov 08 10:12:09 I haven't heard of Kadena. Looks nice! I've researched Ergo, another PoW coin, but Kadena looks like it's picking up steam. Going parabolic. I'm guessing it's because there was a Cosmos conference this past week, and Kadena is IBC-compatible. I dig that. IBC-compliant chains allow for cool things like http://osmosis.zone/ An actual cross-chain yield farm, as in you can farm LP from coins across networks (I have some ATOM/AKT, OSMO/ATOM, and OSMO/DVPN. Pretty cool to link two coins across blockchains. Osmosis is built on top of IBC.
nhill Member	Mon Nov 08 10:15:30 Exodia still has a crazy low market cap, too. If it's a legit project, it could be a Wonderland-level opportunity. I've been averaging into it slowly. Still can't put too much in at a time because the liquidity is low, but at least it has doubled since I first entered! The low liquidity hasn't been a huge problem, as it forces me to DCA which I would prefer anyways. :) It's my FOMO preventer, lol.
nhill Member	Mon Nov 08 10:25:00 Another one you could look at is snowbank.finance It has 161,501,227,774,708,030,000,000% APY right now, lmao. It's an $OHM-fork but they are trying a new launch strategy. Insane APY and huge bond discounts for the first 72 hours. Well, they went to $250,000,000 market cap in about 24 hours as a result. Insane. I'm not entered other than a spy position (tiny position just to see it in my wallet). If it rugs, it could rug about 23 million dollars as of today. Truly manic mode. I don't know anything about the devs, and I haven't been able to find their source code (can reverse engineer the contracts if necessary, I think, but I've only done that on Ethereum... Avalanche is EVM compatible, so it should work). But as far as I can tell, they haven't open-sourced their code, which is a big red flag for me. Not all projects are open-source, so it shouldn't be a deal breaker in general, but it usually is for me (makes me feel like I'm flying blind). Supposedly they are going to use 10% of their treasury to buy back Snowbank, and also make some of their treasury available to be borrowed by Snowbank holders so they don't have to sell. What interests me is that their DAO plans are very different than $OHM and other forks, yet they are still built on the same $OHM code. It's either going to blow up in a good way or a bad way. There's no other options here. Biggest opportunity or biggest rug? Time will tell. I'm not ready to ape into it.
nhill Member	Mon Nov 08 11:11:48 Ethereum back into price discovery :)
Nimatzo iChihuaha	Mon Nov 08 13:06:56 "http://osmosis.zone/" Did you do the 1 day unbonding? Btw, what do you do with your SCRT? I don't want to stake it for a 21 day cool down. I am waiting for the lending service on Sienna DEX to go live. Have not found anything else. Not that I need the instant liquidity in SCRT, but I don't know, I want to keep options open :P maybe I need to let that go. "Biggest opportunity or biggest rug?" "Ethereum back into price discovery :)" Good time to be alive and on DeFi :)
nhill Member	Mon Nov 08 13:20:25 I usually do the 7 day on ATOM/AKT, as the lock isn't directly related to the tokens themselves. Normally I don't lock crypto, but this is part of Osmosis, not Cosmos or Akash. For my OSMO pairs I do the 1 day bonds, just in case... > Good time to be alive and on DeFi :) Yup. The $OHM concept is catching fire and is now seen as DeFi 2.0. A better way to bootstrap liquidity than simply bonding pairs at a market cap estimate and hoping for the best. Gives projects one more lever to tune. Olympus Pro is outsourcing it for a cut to any protocol, but it appears as if some protocols are deciding to make their own. For example, ViperSwap on HarmonyOne released a decentralized reserve currency recently (called Euphoria, ticker $WAGMI), to help support their exchange. Fun times. :) I own some Viper from back when I messed around with HarmonyOne. But also kinda scary. We're up to 7 $OHM forks pulling rugs to this date (one I never heard of until after the rug, RainDAO, rugged today). > Btw, what do you do with your SCRT? I have some converted to $SEFI (and staked), some in $sSCRT-$SEFI farm on SecretSwap, and some just hanging in my wallet. $SEFI is pretty much leveraged $SCRT. http://sec...uezgydrglaak5ahfac69kmx2qpd6xt
Nimatzo iChihuaha	Mon Nov 08 13:41:28 Thanks a lot fren! So many things to do! I did find SEFI, didn't get around to the liquidity pools. "The $OHM concept is catching fire and is now seen as DeFi 2.0." "We're up to 7 $OHM forks pulling rugs" Yea it feels like I find a new OHM fork every other day, it is a great concept as you mention refered to as DeFi 2.0. There is an OHM fork I came across browsing other people's wallets on debank called SquidDAO. Completely anon devs. And this wallet had millions in it. It kinda looks legit, they have their own cthulhu inspired NFTs that I think look pretty neat. It has no connection with Squidgame from Netflix not even a little, but is recent enough that it could still be riffing off the name. Not touching it, just observing it from a distance.
nhill Member	Mon Nov 08 14:28:35 Lol, nice, I also came across that while browsing whale wallets on debank. It's a super cool concept-- using NFTs in the treasury and 1ETH as the backing instead of 1DAI. I was tempted to go in on it for novelty purposes, but with it on Ethereum, I kinda want to stick to 1 reserve per protocol, and $OHM is my Ethereum reserve play. That's also one reason why I decided to not commit to Snowbank on $AVAX. There's some quality influencers starting to shill Snowbank (satsdart and 10delta on Twitter), so I do think the team can be trusted more than <insertOhmFork34>, but it's just too insane. There's wallets with hundreds of $SB from the genesis where you could mint for like $50. Either they will just (3, 3) and compound with everyone else, or they take the money and run. It's a whole new experiment in bootstrapping an $OHM-like reserve currency through massive incentives. Problem is that I think there could be a massive dump to correspond with it. However, back to Squid. It does mix things up by throwing NFTs into the mix, which makes it an interesting candidate to diversify. NFTs tend to do best in sideways markets, so it could have some nice characteristics if this market stalls out for a month again.
Nimatzo iChihuaha	Tue Nov 09 12:14:20 Yea, I don't want to dismiss it, honestly I think if they put effort into their own art work, that is a green flag of some sort. But I am rubbed the wrong way now by the Squid name. Wallet browsing actually does have some value discovering new things. Here is a practical question. How do you see the FOMO in the market? What are the signs for this? Generally this is a warning sign, the magnitude of the impending correction may vary, but I have understood this as a warning sign.
nhill Member	Tue Nov 09 17:35:00 As for objective measure, I think you can get a good idea of FOMO from the coin-margined contracts on coinalyze. They peaked around 15 billion in April shortly before the crash. Right now we are at 9 billion. Right now we just broke ATH after about half a year of momentum being built up. I expect pullbacks in the 20-30% range semi-regularly, but, sans a sustained general macro risk-off, I don't think this bull run (that, IMO started in December of last year when the 2018 highs got beat) will end until Bitcoin is around $200,000. There's just too much dry powder available. :) I'll reiterate this because it's important context: Crypto is in the equivalent of the dot.com bubble. But we're in 1998 of the bubble, not 2000 where it pops. True mania is not indicated through the numbers right now. The early investors in big projects like $OHM are still under 100,000. OHM still only has around 60,000 total users. Peak mania will be in the millions for the blue chips like OHM (but not necessarily OHM itself, who knows that the next two years will bring). And keeping up with crypto as the bubble grows only magnifies your ability to spot the Amazons of the bubble popping. That was when you could have bought Amazon for $12 / share. :D WAGMI! ┌( ಠ_ಠ )┘
Nimatzo iChihuaha	Tue Nov 09 18:43:29 Good stuff. I have overlooked coin margined contracts. SC margined contracts go towards the short side, coin margined to the long? "And keeping up with crypto as the bubble grows only magnifies your ability to spot the Amazons of the bubble popping." I have thought about this. The long term value of learning to navigate this space, what to look for, how to analyze, evaluate and value projects, understanding this emerging tech revolution. Something I "know" I came to understand today, as far as the tech goes, this is just the beginning. To tie it back the example of the tech bubble, the internet was pretty shit back in 1998-2000. No iPhones, no Netflix, youtube, slow connections, a desolate wasteland compared to now. "WAGMI!" We are :)
nhill Member	Tue Nov 09 21:45:53 > Good stuff. I have overlooked coin margined contracts. SC margined contracts go towards the short side, coin margined to the long? Yup, coin-margined futures settle in the underlying crypto, so when you close a 10X future that is coin margined you get your gains paid out in more crypto. A good choice in a bull market as you automatically convert profits to spot. Stablecoin margined futures settle in stablecoins, so you secure your profits in USD. A natural choice if shorting. Some people would still short with coin-margined futures if they were doing a day trade short but still bullish on long time frames.
nhill Member	Tue Nov 09 22:17:09 And I like your comparison. :) It's true that using crypto right now is about the same as using the internet in 1998. Extremely rewarding if you have the patience. :D
Nimatzo iChihuaha	Wed Nov 10 07:19:04 Things fall into place every day, in this giant puzzle :) it truly is rewarding, both financially and slowly figuring things out. The path ahead is clear, accumulate knowledge and capital before this goes main street. Prepare for the inevitable deflation of the bubble, embrace the new paradigm that will rise in the aftermath.
nhill Member	Wed Nov 10 09:05:50 That's the playbook. :)
nhill Member	Thu Nov 11 00:58:38 Pulled my money out of $EXOD tonight at ~$4000. Some major dumpage going on and perhaps my initial assessment was correct. Slow rug? IDK. Looks like it, so I'll wait for the dust to settle. Might have gotten trigger happy hoping for a reserve on $FTM, but at least it was only 2.5% of my reserve position. :) Risk/reward. Name of the game.
nhill Member	Thu Nov 11 01:03:18 And... now I'm back into it at $1200. Boy, what a crazy ride. Looks like a huge shakeout. I might regret re-entering at this price, but, oh well. 3X my $EXOD if this is a legit project long-term.
Nimatzo iChihuaha	Thu Nov 11 03:29:24 FTM has had one of the more dramatic drops and has not recovered as well as the other alts, might be connected to that. Heh everytime I think I am ready to enter Exodia I hear you talk about rugs and I’m like naaaaw.
Nimatzo iChihuaha	Thu Nov 11 08:01:48 I don't think this is done yet. Have not deployed more cash yet. Leverage has barely dented...
kilo Member	Thu Nov 11 08:38:40 FTM. Looks like Kucoin is the only exchange I can buy it on.
nhill Member	Thu Nov 11 09:08:29 Take the red pill and put your assets in your own wallet instead of on an exchange! That way you can use decentralized exchanges :)
nhill Member	Thu Nov 11 09:19:16 > I don't think this is done yet. Have not deployed more cash yet. Leverage has barely dented... Agreed, this looks like more of a dead cat bounce. > Heh everytime I think I am ready to enter Exodia I hear you talk about rugs and I’m like naaaaw. Yeah it was a strange one. One of the mods on the team was saying it was a rug so it dumped to $400. But once a big whale sold (for around $700,000) he flipped the script and said his goal was to get the whale to sell. As that whale had about 20% of the initial supply, so the project was at his mercy. So then the price recovered and I've now doubled my money in fiat denominated terms, and tripled my $EXOD bag. There's no really big holders now, so it does make the coin healthier, in theory. But the mod that did this went rogue to do it while the dev was sleeping, and once the dev woke up he took away the mod's privs and then banned him. Lol. A shitshow all around. Like I said, it was a relatively tiny position compared to $OHM and $TIME, so I'm playing the risk/reward. Not super confident in this project after that, but I'm up so far now (over 2x) that I'm taking profits on my initial investment and stake it.
nhill Member	Thu Nov 11 09:23:12 Taking profits and converting it to FTM, and staking the rest, I mean. Or, more technically, yvWFTM, the wrapped interest bearing version from yearn. :)
Nimatzo iChihuaha	Thu Nov 11 09:28:41 Kilo You can also buy it on Binance, but like Nhill said, remove them from there, get on DeFi! Lend, yield/liquidity farm with your tokens instead of hodling :)
Nimatzo iChihuaha	Thu Nov 11 09:29:13 Or if you are trading, like Nhill said, do it on a Dex.
Nimatzo iChihuaha	Thu Nov 11 09:31:58 "Lol. A shitshow all around." Haha, I'll say, that was quite the drama! Glad the risk has paid off ;)
nhill Member	Thu Nov 11 10:22:49 Yeah, get into DeFi kilo! It's legit. Can take your crypto assets and compound them. :) > Haha, I'll say, that was quite the drama! Glad the risk has paid off ;) Yeah, too much drama for me. Not sure what it is about OHM forks but they tend to attract drama. I converted my ViperSwap bags (was $LUNA/$ONE LP farming there) to $WAGMI this week. HarmonyOne reserve currency. http://app.euphoria.money/ It's not a huge position, but I like it a lot more than $EXOD. I have faith in the ViperSwap team, and their exchange had a lot of clever little tweaks. Never seen any drama from them. (*knocks on wood*)
Nimatzo iChihuaha	Thu Nov 11 13:20:51 I am currently looking at something called VerusToken. Caught my eye trending in github contributions. http://verus.io/ Here is the abstract It community driven chain with a hybrid 50/50 PoW and PoS consensus mechanism it supposedly also solves solving two issues with PoS. It has decentralized ID, you can just create your own ID instead of long strings and letters for wallet adress. It is developed with security, privacy, interoperability in mind, also has Public Blockchains as a Service. The devs sound like competent people. Be was a VP and technical fellow at Microsoft and the architect behind .NET. No dev fees, no pre-mine, no ico, legit and fair. Very interesting. Thinking about starting to mine :)
Nimatzo iChihuaha	Thu Nov 11 13:20:51 I am currently looking at something called VerusToken. Caught my eye trending in github contributions. http://verus.io/ Here is the abstract It community driven chain with a hybrid 50/50 PoW and PoS consensus mechanism it supposedly also solves solving two issues with PoS. It has decentralized ID, you can just create your own ID instead of long strings and letters for wallet adress. It is developed with security, privacy, interoperability in mind, also has Public Blockchains as a Service. The devs sound like competent people. Be was a VP and technical fellow at Microsoft and the architect behind .NET. No dev fees, no pre-mine, no ico, legit and fair. Very interesting. Thinking about starting to mine :)
Nimatzo iChihuaha	Thu Nov 11 13:21:11 Ops..
murder Member	Thu Nov 11 13:24:51 "Thinking about starting to mine" Sounds like an expensive and unrewarding proposition.
Nimatzo iChihuaha	Thu Nov 11 14:56:26 I think the project itself is interesting it solves problems, so I would support the project with my CPU power. However, considering it has a market cap of 65 million USD, mining it would be using part of the electricity bill as savings for a potential +10-50x.
Habebe Member	Thu Nov 11 15:53:19 Magic internet money sounds like the next album from Cake.
nhill Member	Mon Nov 15 14:18:36 Verus looks cool! Mining is good. IMO all crypto users should be buying mining rigs with their profits and mining crypto. It's the only legit way you can get truly anon crypto, so it has a natural diversification to it along with giving recurring revenue!
nhill Member	Mon Nov 15 15:24:14 Plus, securing the network is a way of paying it forward.
Nimatzo iChihuaha	Tue Nov 16 05:48:04 I can see some further short term downside on ETH down to 3900-3600 USD. A lot indicators point to this being an important range and support area. Leverage is still high, most of the many accounts liquidated, but not a lot of money. BTC 52-53K is in play. Nhill Yea I am gonna retire my gaming computer and turn it into my amateur mining rig :) I will migrate every crypto activity (including wallets) to my Mac. Gonna buy a new M1 Macbook and keep it "clean" for this purpose only. Shit I need more computers :) I don't we spoke a lot about decentralized computing power. Some of this stuff looks really really promising, heard about Render RDNR, (decentralized graphics rendering) only now as it coming to Solana. Had no idea they had been rendering huge Hollywood projects already. They have a working and paying business. Awesome stuff going on. What your thought about this usecase of crypto? I know you early on mentioned ICP. Anything you are researching in this domain?
nhill Member	Tue Nov 16 10:14:30 I agree with ETH. Worst case I'd see a wick to 3500. 25-30% pullbacks are healthy in a bull market. There's FUD showing how BTC is following the same fractal from the spring crash. Suckers will buy back in higher. ;) We're at *least* getting to 100K this run (my prediction is double that). ---- Decentralized computing: I did mention ICP as part of that portfolio I made in June, which was designed to have a component from many different industries and ICP was the most mature product. But that portfolio was an exercise to illustrate how to construct a nice crypto portfolio. Me, I like to use crypto more than invest in it, so I don't have a static "portfolio". I also mentioned Akash Network, as an undervalued alternative to ICP. But that token, $AKT, has really struggled. Feels like a big early investor (or perhaps the dev team) is using the market for liquidity, as each mini rally gets swallowed up. Reminds me of Chainlink where it's a great project but the token itself may not be so great. I've also worked with a similar project to RDNR called FET (fetch.ai) to prototype running AI models on the blockchain for university researchers (I code mobile apps and medical AI on the side as a contractor). dKargo is another one I've been interested in lately. Haven't done a deep dive, but at a high level it's decentralized logistics. A bit different use case than computing, but, anyways, having our global supply chain on the blockchain would reduce a lot of inefficiencies and corruption, IMO. RDNR looks interesting in concept too, but I don't like how it's implemented at the moment. Right now you have to fill out a form and get approved as a node operator. Not very decentralized. I assume they have valid reasons where people would abuse the system, but that tells me it wasn't a fully thought out system. ;) But I like the idea of renting out computing power.
nhill Member	Thu Nov 18 12:18:39 Nice little flush today, but I don't think we quite got the mac daddy yet. Might have been a little test dump to see what the sub $4000 structure feels like and bait people into levering the dip. We were close to the 3600-3900 range, but not quite there yet. I sold some $TIME around 9K and buying back now so I don't miss too many rebases. :) Exodia has been doing okay. It's transitioning fully to a DAO structure and has reputable people on the multisig. Still up 100% on it (loaded up around 1200), but it was up 200% before FTM shat the bed. Plus I've had about 11% ROI in rebases. > Yea I am gonna retire my gaming computer and turn it into my amateur mining rig :) Nice! It's fun to get fully anon crypto. :) > I will migrate every crypto activity (including wallets) to my Mac. Gonna buy a new M1 Macbook and keep it "clean" for this purpose only. Shit I need more computers :) Probably a good choice. Macs are definitely more secure than Windows, but w/ Metamask you are more dependent on the browser's security than the OS. But if you limit that specific laptop to only crypto activities, that reduces your surface area in a good way. I've been considering migrating to a Lattice1 wallet, but it's often sold out: http://gridplus.io/products/grid-lattice1 Right now I have a ledger but it's pretty hit or miss syncing it with Metamask (sometimes I have to restart it or try multiple times to get it to auth properly). Supposedly the Lattice1 works great for DeFi.
nhill Member	Fri Nov 19 00:10:58 I don't chart much anymore, spoiled in the bull market. :) But was checking some indicators on ETH and I'm seeing a few bullish divergences on the 4 hour (not sure if I covered those but that's basically bullish indicator action during bearish price action). Link: http://i.imgur.com/pMHB8ui.png Likely means we've seen the worst of it.
nhill Member	Fri Nov 19 00:12:07 It'll need confirmation over the next 12 hours to be sure, but I'd enter a trade right now if I was still trading.
Nimatzo iChihuaha	Fri Nov 19 05:22:20 Been a busy week, lots of work at the end of the year, pregnant wife can barely walk around unassisted. It's, how shall we say, challenging :) I sold my AVAX @ 94, held it as USDC and bought more TIME @ 8200. Basically I saw that TIME was back to behaving like (leveraged) AVAX again. Well not entirely leveraged, but close enough. the APR makes it a no brainer :) :,( @ FTM. Was a long time ago FTM did a 50% retracement, guess we were in store. "Lattice1 wallet" This looks really nice. Recently I have been reading/listening to people having their metamask hacked. But this can only happen if you get malware on your computer or have your wifi hacked or connect to a phishing site mimicing a real DeFi site and logging your password. But this risk is burning a hole in my head. Question: Do you use metamask on chrome? I must say I have no idea which browser is deemed the most secure. "Right now I have a ledger but it's pretty hit or miss syncing it with Metamask" Question: With ledger, you are not protected by a simple password for metamask, but the entire seed phrase which is stored on ledger if I understood this correctly? Trend Things are looking more bullish :) Developer activity I have been paying attention to this more, there are several sites and resources that aggregate this for github commits. Polkadot and Solana seem to be leading the trend recently. Though this is just in quantity and not quality it is one good indicator broadly.
Nimatzo iChihuaha	Fri Nov 19 08:11:34 Speaking of browsers, my bookmark bar has been revamped. Which for me is the clearest sign of a total shift in interest and priorities :) those bookmarks had been pretty static for a couple of years. I took an axe to them and shed all the bullshit. Now the center is this: Crypto (folder) 40 links Analytics (folder) 16 links Verus (folder) 6 links Defilama coinmarketcal* messari cryptopanic *great aggregator for keeping track of news/important dates per chain/protocol
nhill Member	Fri Nov 19 21:38:06 I use the Brave Browser. It does a pretty good job at filtering out ads and malicious content, but under the hood it's still Chromium (same codebase as Chrome), so I can't really say the *browser* part is more secure. It's not. But they build in some quality software (which can be reproduced with addons, but it's a nice package) that improves its security out of box vs. Chrome. Oh, and it'll pay you in crypto to view ads, should you so choose. I disabled ads altogether, not interested in ten bucks a year of crypto or whatever it comes out to be. I have a friend that made $50 worth of $BAT from viewing ads over the past year, but she is online a lot more than me-- runs an online business and active on social media. Developer activity is a great metric. It's possible to fake, of course, and you could spot the this in the commit history if you do enough due diligence if you're looking at an individual project. If you're looking at a whole ecosystem, then you just have to deal with a margin of error. It's a rough metric, though, as code can be written in many ways with many different processes. Some processes naturally produce more "activity" in the source control, but aren't directly correlated with how much effort is put into the project. Sometimes you can take days to write a single line of code, but if it's the perfect line for the job, it can obviate the need for pages of code down the road. Measuring software by lines of code is like measuring the performance of an aircraft by its weight. Less lines is nearly always better than more lines if the code is concise and well-abstracted. Just food for thought. I like the metric, but this'll give you some more context.
nhill Member	Fri Nov 19 21:46:12 coinmarketcal is a good one. :) I've only known about it for a small amount of time. Someone I follow, ShardiB, shared it on Twitter recently. It's tough to keep track of this stuff manually. Looks like you've got a nice set of bookmarks building up. :D
Nimatzo iChihuaha	Sat Nov 20 13:17:45 Good food :) RNDR is making me feel bad though :,( the continued parabolic rise haunts the me of yesterday who thought it was too expensive.
Nimatzo iChihuaha	Sat Nov 20 13:29:34 I degened into gaming/metaverse tokens finally after some careless deliberation. 100% degen short term speculative move based on hype and them not having ripped yet. Good games guild (12m mcap) Superfarm (600m mcap) Don't ask me what about the fundamentals because I don't know nor do I care >:) GGG is already +50%
nhill Member	Sat Nov 20 18:44:44 RNDR has had a hell of a run! Good call on that one, it's always tough to enter a parabolic run, though, so I hear you there. If you enter at the wrong time, you're usually a bag holder for weeks, but if you don't enter at all, you may never see the price again! I'd think it's about out of steam at this point, it's nearly cracked top 100 in market cap. But it's hard to say. I don't even know what's driving the rally, did they have news? Degen plays are always good to pepper into the portfolio. I don't share mine here much because the R/R is so high I'd not want people to follow it blindly. My philosophy is that if I make a dozen degen plays, there's going to be at least one that works out so well it pays off the losses from the others. ;) My current degen plays are Snowdog and Piggybank. Snowdog is just an insane project that the Snowbank team did for fun. It's an OHM clone designed to have massive APY and bond discounts for 5 days and then they'll do a massive buyback with all the funds. It's literally designed as a pump and dump just for funsies, and then they are turning off the protocol and making it essentially a meme currency. I bonded on release and have been staking since, waiting for the huge market buy at the end is going to be fun. At least it's honest about being a pump and dump, and giving everyone a fair shot at it. ;) Piggybank is another OHM clone that didn't pick up at all. It was made by a foreign anon solo dev, and pumped with massive APY and bond discounts and has been dumping ever since the start. The funny thing about it is that token's backing price is twice the amount of the token's actual price. So the treasury has twice as many assets in it than the market cap itself. So essentially it's trading at a massive discount because the market is pricing in a rugging of the treasury. Tbh, I don't have any special insight and I think the market probably *should* be pricing in a rug. Literally all the signs are there (including a weird 'liquidity booster' program, and the dev selling their own token for marketing expenses). But if it isn't, it's an easy 4x from here. Should trade at least at twice the treasury balance. Most OHM clones trade at 2X treasury almost as a rule. $TIME and $OHM trade a 4x and 5x respectively (which also makes sense). My favorite OHM clone right now is one I mentioned in the last thread, $WAGMI. Just get good vibes from the devs and community, and the team has a great track record with ViperSwap. My most recent gaming play right now is DeFi Kingdoms on Harmony. It's pretty interesting. They built a game on top of a DEX, but the DEX still works pretty well. It has some gameplay qualities of Axie Infinity, but also has a working DEX to boot. Got into it a couple weeks ago and it has got up about 140% since. I bought $JEWEL and staked it as $xJEWEL for profit sharing. But the $JEWEL token is also used for summoning, so it has deflationary pressure from the game they built.
nhill Member	Sat Nov 20 18:44:47 Nim Look into http://oct.network/ while you have a chance. Specifically the roadmap. It's an insanely ambitious project to be sub 100M market cap. Nice little small cap moon play, IMO. The biggest red flag I've seen so far is the developers are Chinese. No idea how they're able to work on this with the CCP crackdown, or if it'll get CCPed eventually. So it's a risk/reward play. But the developers write good code and are prolific. Their marketing is pretty bad (you can tell engineering people are writing the marketing), which, at this stage, is a good problem to have because it's an easily fixable problem. Tells me they are focused on building. They want to be the stack people use to build on web3, and enable interoperability between multiple L1s in a trustless way. The $OCT token is designed to be used as collateral to secure networks built with the SDK, and also used as a voting mechanism. So it has decent utility. It's been my stake on NEAR for a few months (I've been farming wNEAR-OCT since the genesis), but I mention it now because it's an overlooked moonshot, and their roadmap is about to start pumping. If you look at the price action, it's one of the few that hasn't pumped yet. More food for thought! ;)
nhill Member	Sat Nov 20 18:59:58 Nice little 4% pump on the daily close for ETH, there. Looks like the bullish divergences are playing out for now.
Nimatzo iChihuaha	Sat Nov 20 19:04:22 "I don't even know what's driving the rally, did they have news?" The only news was during the Solana conf, that they were launching on Solana as well, every influencer started talking about it and then the narrative was in full swing "who will render the metaverse?". "My philosophy is that if I make a dozen degen plays" Yea, I feel comfortable enough now to slide 2-3% into degen moves. We knew they day would come, I even said it would ;) "or if it'll get CCPed" lol is that a meme now? I will check it out. "More food for thought! ;)" Always hungry!
nhill Member	Sat Nov 20 19:27:49 Gotcha with regards to RDNR. Rendering the metaverse is a pretty compelling narrative. > lol is that a meme now? I will check it out. As of my last post, yes. lol
nhill Member	Sat Nov 20 19:33:53 My call on Akash Network is looking worse by the minute. I think I gave it here around $3.00 and it has been down since then ($2.33 currently). I've been using it in an LP farm on Osmosis, so I'm not going to exit the position, but this dumping is concerning. Haven't been able to trace the source, but I suspect it's early stage investors or the dev team.
OsamaIsDaWorstPresid Member	Sat Nov 20 19:57:38 rofl ur gettin rugged da devz nuttin on ur face
Nimatzo iChihuaha	Sat Nov 20 20:31:19 Yea, cosmos overall seems to be pounding sand at the moment. Not a lot of marketing or talking about them, Cosmos is probably the least frequently mentioned chain in all the major crypto outlets, heard them mentioned once on crypto banter for like 5 seconds. Right now sentiment and hype is all about the metaverse. So many major brands have signaled their interest and intention to get on the metaverse, it is happening, the digitization of EVERYTHING has begun. Chains that are not high profile on the metaverse (cosmos, fantom) they are eating dick right now :P Solana on the other hand doing ok, also boosted by the "Sol will flip Eth" narrative, I mean probably not any time soon, but that is the "talk". So I stocked up on some more Sol this dip. There is this nftgame launching on Solana called genopets, it sounds really cool, you synch it with your apple watch or fitness tracker and to level up/keep your pet healthy and earn rewards, you need to exercise. Token sale was a couple of day (I did not buy) ago, could be huge. But this is one of those project where 95% of the tokens is in 1 wallet adress...
Habebe Member	Sun Nov 21 13:17:56 Am I in the minority thinking these guys are selling bible quotes as NFTs on the block chain is, sort of sacrilegious? I mean I'm not really super spiritual nor Christian much more than a secular celebrating of the holidays and I enjoy the stories and such. http://www...e-bible-on-the-blockchain/amp/ I mean, I get Jesus money changer vibes.
nhill Member	Sun Nov 21 13:51:04 We'll probably see another rotation to projects like Cosmos and Fantom once this hype cycle wears off. That's how it tends to work...something gets hyped to the moon and the hype darlings explode. People eventually take profits and move it to fundamentally solid undervalued coins. Like mini bubbles popping. ;) The hard part is determining when it'll pop, because selling early can often miss out on more profits than selling late. I'm excluding Akash from this, though. Until I can grok the price action. Thankfully I've had stakes in $AVAX (through $TIME, as you mentioned it gets most of its liquidity from $AVAX so is leveraged to a degree). In fact, my first $TIME purchase that I bought around $500/coin is now worth $33,778.2/coin. I pointed out that the interesting thing about $TIME relative to $OHM is that it is dependent on the success of the $AVAX token due to the liquidity flows. Looks like it was a good call. Each coin is backed by $1,672, so my fundamental value per coin is $6,353, as there are real assets backing that price (for those curious, $TIME has a revenue generating product). The game theory of DeFi 2.0 is pretty cool. Also the $RAY-$SOL farm has been a hell of a run. Bought that when $SOL was around $40 and $RAY was around $4, and the rewards auto-compounded.
nhill Member	Sun Nov 21 14:22:50 Habebe Why does it matter? People sell bible verses in calendars too. This is no different.
nhill Member	Mon Nov 22 00:17:10 Seeing more bullish divs on the 4 hour. Seems clear that we've recovered and resumed, provided the next 2 hours holds.
Nimatzo iChihuaha	Mon Nov 22 11:58:31 It's periods like these when things are moving sideways you are happy you are farming :) TIME is carrying the day, my SOL-Ray pair suffers from IL because of RAY, still good, but since I went in much later, not as great. TIME and FTM-TOMB are by far the best returns.
nhill Member	Mon Nov 22 12:16:29 And just when you think you're in the clear...a little scam pump and dump at 13:00 UTC. NGL, that's pretty bearish. Oh yeah, FTM-TOMB is my biggest winner, too, on a percentage basis. Love that project! But yeah, farming and rebasing is the way during these uncertain times. My overall porfolio on debank is up about 45% since we broke the trend on the 15th. Mainly thanks to $TIME, but $OHM is starting to wake up here, too.
nhill Member	Mon Nov 22 12:20:28 Gas right now on avalanche is getting out of hand! Just got quoted $20 worth of $AVAX on Trader Joe. I don't mind paying that much, but I don't hold onto much $AVAX, just enough for gas...so I'm stuck until I can make a swap. Violated rule #1 of DeFi: never run out of gas. ;) Is no problem though. Was just going to claim and autostake a small OHM-clone bond.
nhill Member	Mon Nov 22 14:58:24 Well, that was fun finding an $AVAX route for gas fees. Here's what I did: 1. Swap $EXOD for $DAI on SpookySwap. 2. Bridge $DAI to BSC through AnySwap. 3. Use the Harmony One bridge to bridge $DAI to Harmony One (their bridge works with BSC and ETH). 4. Use DeFi Kingdoms to buy JEWEL with $DAI. 5. Swap $DAI for $AVAX on DeFi Kingdoms (they have a JEWEL-AVAX farm). 6. Bridge $AVAX from $ONE to Avalanche through AnySwap. Boom. Got my gas. Was kinda difficult to find this route, though. I was surprised. And I can't find any other working routes that avoid ETH.
nhill Member	Mon Nov 22 23:11:47 Latest Play: 1. Bridge ETH to Boba. 2. Use Anyswap to bridge assets to Boba. 3. Swap assets for $WAIFU. 4. Stake $WAIFU for $xWAIFU. 5. Farm $xWAIFU. Has huge rewards right now, as the TVL is tiny and market cap only $1,623,924. This is a small cap gem play. Not degen, but designed for small amounts of my overall crypto. The liquidity is too low on these to do anything other but a moon play with smaller amounts of capital. About a 1% position. Free Alpha: My gem plays only start with 1% capital, but they are allowed to run indefinitely, and that 1% is now in a separate wallet with the associated risk parameters in the metadata stored in the wallet name. I allow myself to take this money and continue to compound it into other calls of similar risk, but even bigger position sizes (so eventually, slippage becomes a factor). Once slippage with that amount of capital on a single project is inconvenient, I retire the thread into stablecoins and put into farms (right now the 3CRV $SPELL farm on abracadabra-$AVAX). I've started to tie a few threads these past weeks. I consider the stablecoins to be my seeds :) They grow more crypto for the next thread. http://youtu.be/C2vgICfQawE here's a visual presentation of what I mean. I have wallets with various risk parameters, from 0-10. They are kept separate, clean. That's what I mean by using crypto-- it's not investing in the traditional sense. I'm navigating the metaverse mining liquidity to aggregate resources for the next phase of our digital life!
nhill Member	Mon Nov 22 23:13:55 "They grow more crypto for the next thread. ... here's a visual presentation of what I mean." Oops, meant to add the time to that link. http://youtu.be/C2vgICfQawE?t=127
nhill Member	Mon Nov 22 23:26:30 $WAIFU = $0.74 at time of writing.
nhill Member	Mon Nov 22 23:28:22 I had a good experience with Fantom Waifus, so the theme seems to be a popular one in the metaverse. Not my cup of tea, but hey, I'll drink the Boba. Right now it's double emissions, so the $xWAIFU farm emits 11% a day to bootstrap the protocol.
nhill Member	Mon Nov 22 23:43:20 Theme aside, though, my main thesis is that it's an xTOKEN exchange. They often win out in market capitalization because it incentivizes profit sharing. Basically the crypto equivalent of owning a dividend stock. It's a great feature for an exchange token, which, sans incentive, is simply farmed and sold to maintain a static FDV. The leader on this L2 chain is Oolong Swap. But it's just another vanilla UniSwap clone. It was first on the chain, so has a first mover advantage. But SwapperChan is the superior overall product. Right now Oolong Swap is worth 15x more than SwapperChan. Prepare to see that gap get closed, IMO. 25% of the play is in Oolong Swap as a stable hedge. If SwapperChan shits the bed or gets hacked, the backup play gains should backstop the play and prevent any overall losses on the thread.
nhill Member	Tue Nov 23 02:20:07 $WAIFU = $1.11 now. +33%, but ~6% of that came from my buys.
Nimatzo iChihuaha	Tue Nov 23 03:41:30 Pray it does not go parabolic until I get home from work :)
nhill Member	Tue Nov 23 03:45:36 _/\_
Nimatzo iChihuaha	Tue Nov 23 13:46:01 Transaction total (amount + gas): 0.0123 ETH Estimated gas (approval + bridge): 0.0123 ETH Unfortunately the bridging cost from Etherum to Boba will massacre the amount of money that would be 1% for me, which is like 500 USD. The bridging cost amounts to 148 USD. Gonna have to take a pass on this one :P Also I can't find Boba as a choice on anyswap O.o I found a bridge on boba.network
nhill Member	Tue Nov 23 13:54:39 They don't let you bridge ETH on AnySwap unfortunately. I guess they want the ETH to be converted and secured by the official bridge? These projects give AnySwap the specs and liquidity. The AnySwap bridge allows you to send MATIC, FTM, BNB, and AVAX over to Boba. But, yeah, the Ethereum gas fees suck. If you really wanted to, you could get a 50% discount by manually setting the gas fee to around 75GWEI or so. It should get filled eventually during after hours, but, even then, that's about 20% of your position size in fees, and then you still have to pay gas on Boba (it's 10x cheaper, but 10x cheaper is still about $10 USD per transaction). This one probably isn't a practical play. :(
nhill Member	Tue Nov 23 13:58:09 Btw Boba is an L2 on Ethereum, so you pay gas in $ETH, not $BOBA. $BOBA is the governance token (it was airdropped to $OMG holders last week). But it's a new chain to explore, along with a microcap play to go with it. The price is back down to $0.77, but I've been farming the staked token at a rate of ~8% per day, so that balances out this short term price action. Micro cap tokens like this swing hard. http://l2c...6670c5aFa459301d9eA536cdAf43Ea
Nimatzo iChihuaha	Tue Nov 23 14:24:06 Yea I figured it out finally, anyswap is like a token puzzle when bridging. I also found synapse, that lets you do the same thing, But yea crypto baby Nima gotta stay on the L2s. Which is fine, really, things are massive enough outside of Etherum to get lost in :) Have you thought about Harry Yeh and his CEX plans for Fantom? It may be good for FTM in the long rung, but it would cannibalize Spooky and Spirit in the short term. In the long run provided Fantom grows, it probably will not matter, since there would be room for more exchanges to prosper. "http://youtu.be/C2vgICfQawE?t=127" Loved this btw. I only recently became familiar with the cellular automata concept hearing Stephen Wolfram talking about. Another crypto enthusiast =)
nhill Member	Tue Nov 23 17:11:19 > Have you thought about Harry Yeh and his CEX plans for Fantom? Yeah, I've thought about it, and I think it's a value add to the ecosystem. It will cannibalize Spooky and Spirit to a degree, but also it'll open up a whole new pool of liquidity for tokens that were DEX-only before. So, while it may eat up some trading fees on Spirit/Spooky, it shouldn't affect the TVL too much and it'll probably increase the market cap simply because people have existing liquidity on Binance that they can now leverage. The way I look at it is that now the FTM tokens are going to be listed on Binance. I don't think the detail of it being done by Harry Yeh and it being on Binance Cloud is all that significant. Harry's basically accelerating the CEX listings of the FTM ecosystem, but I doubt many people will switch from DEX to CEX. I think it's a good move, but it'll be volatile in the short term. Once everything is listed people can start to short tokens that previously weren't easy to short (you can short things on Scream manually, but it's not levered and as simple as futures). Whales often take out short futures and dump the spot. Helps protect against slippage.
Nimatzo iChihuaha	Wed Nov 24 06:10:38 Harry is gonna be on crypto Banter today I think. Probably has some news, that is being priced in *looks at FTM price* as we speak.
nhill Member	Wed Nov 24 10:01:59 Looks like it. :) FTM is the ultimate trader coin, the swings are predictable and new all-time highs are inevitable each time. I don't trade it, I just hold some in a yearn vault, auto compounding, 1 yvWFTM = $4.5916. But that's mainly because I have too much crypto, so trading gets difficult w/ slippage unless I want to whale out and manipulate the market (and I don't want to do that, money isn't that important to me).
nhill Member	Wed Nov 24 10:03:44 There's levels to this game as you add zeros. I've broken 8 figures now, and, unless I'm trading something with deep liquidity like Bitcoin/Eth, it's rarely worth it compared to farming/mining/rebasing.
Nimatzo iChihuaha	Wed Nov 24 11:32:28 "FTM is the ultimate trader coin, the swings are predictable and new all-time highs are inevitable each time." Go on :) Right, btw I found something that may be interesting, maybe you already found this. OHM Fork on Polkadot and Kusama. IDO already done but not released yet. The tag line is, "Gamifying governance - Turning governance into an MMORPG" :) http://romedao.finance/ Don't know a lot about it, but the basic stuff checks out, there is a level of professionalism to it. Have not found out anything about the devs however. I have some moonriver I thought I would put in there once it is live. I think the reserve currencies being the new "meta" play oof the DeFi game, is probably the best and safest exposure to the chains that have them. Just gotta avoid the OHM rugs.
nhill Member	Wed Nov 24 11:52:24 Lol, I was literally reading their medium as you posted that. We're N-SYNC. It looks okay to me so far. I've had a Moonriver stake in the form of a SOLR-MOVR LP farm on Solarbeam for about a month. It's up about 24% if I include the farming rewards, but I had moved it there thinking I'd take a stake in the Rome DAO. Not much info about the code or the dev team yet, and their $aROME is trading at around $1000 on Solarbeam. However, people bought $aROME for 20 $DAI, so I'd expect it to correct when whitelisters dump. My biggest problem with these projects is the dumbass whitelists given to people that market/shill the project. Really sours me, as now there's a bunch of $ROME on the market that people can dump for massive profits at any time. Most of these forks do the whitelist crap, but I'm not part of that rat race. So I'm on the fence whether or not I'll buy $ROME earlier or wait for the first big dump. Not touching $aROME at this price. Whitelisting itself I don't have a problem with, I guess, my problem is more the price. They should price the tokens closer to market value. No OHM forks trade at 20 $DAI, so that was an idiotic price. 1000 $DAI would have been fair, maybe 500 $DAI acceptable to give a bigger incentive.
Nimatzo iChihuaha	Wed Nov 24 12:38:08 "We're N-SYNC." Hehe, funny enough I was trying to find something to do with MOVR led me to the SOLR-MOVR LP pair and ultimately to Romedao. I did also noticed the 1000 DAI gap, gonna definitely wait until it launches and let the whitelisters have their sell off.
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