Utopia Talk / Politics / Crypto- Luna is back 2 days

Habebe Member	Wed May 25 13:02:22 I wonder what will happen to me Webull coins. The plan is in. UST holdersnget shafted. Pre attack holders get 35% Post attack holders (me) get 10% I'll post the details shortly.
nhill Member	Wed May 25 13:10:01 Do Kwon did indeed get his way.
nhill Member	Wed May 25 13:13:11 Do Kwon did indeed get his way. But I'm lowkey excited for Luna2 because as designed it has the most fair tokenomics of any L1. Just need to let it dump a little after the airdrop. My problem with LUNA wasn't the chain, it was the Anchor Protocol that incentivized the ponzi. Without that, it's a solid chain. Ironically wasn't a huge fan of LUNA before this (although I did own some $UST, and previously was a $LUNA liquidity provider), but I like the V2, provided they follow through with their promise of being 100% community owned (no mercenary venture capital)
murder Member	Wed May 25 13:13:32 So how stupid are people? Yes! :o)
nhill Member	Wed May 25 13:18:30 People underestimate how significant that is. VCs on chains like Avalanche that had VC presales for $0.33. Retail was unable to ever get that price. Happens on all the major L1s, e.g. Ethereum was premined by the Ethereum Foundation (and also sold to VCs). This is closest to a fair launch I've seen for an L1. But like I said, the airdrop or claim will probably need to get dumped over the next month or so. Or could gamble and play the volatility buying right away, but definitely not my style, 10X so in this macroeconomy. My guess is it'll see a massive spike on speculation, than a slow dump as airdrops are divested and speculators take profits. And then I'm going to go in on some.
nhill Member	Wed May 25 13:19:33 Murder, the stupid part of LUNA was the undercollateralized debt obligations that caused a bank run. Without that, it's a pretty boring project. Boring is good.
murder Member	Wed May 25 13:24:35 The guy just lost ~ $60 billion of other people's money ... and they are going to hire him to lead the next project. That's the really stupid part.
nhill Member	Wed May 25 13:25:23 The reason it's significant that VCs were able to buy millions of dollars worth of $AVAX at $0.33 is they are still up 82X right now in the bear market. It's like having a knife at your throat. That said, they are usually smart enough to dump on retail in the bull market. Which is why, if the relaunch is successfully, LUNA2 will be one of the premier plays in the next bull market. Now if they botch the launch and there's chain halts/shutdowns/etc. Then I have lost all faith in their technical ability and my thesis is invalid. Just like when I predicted Do Kwon would restore the peg on the weekend and was wrong, could be wrong here. Although I did say Do Kwon's plan would only work if they didn't burn through their capital before the weekend. Which they did, because of either incompetence or shady back deals.
nhill Member	Wed May 25 13:27:18 "The guy just lost ~ $60 billion of other people's money ... and they are going to hire him to lead the next project. That's the really stupid part." That's a fair point.
TheChildren Member	Wed May 25 14:43:02 lol rekted
Habebe Member	Wed May 25 23:30:46 I may throw $50 at Luna2.Its a pure crap shoot, I get that.I see people trying to buy LUNA now to get the airdrop, but if you bought in after the crash, you get such a fraction you might as well just buy LUNA2 and probably get a bettwr deal. Im stuck with the 13k LUNA classic since I don't actually own them.
nhill Member	Fri May 27 18:01:28 Other than Do Kwon leading LUNA2, I actually like it as a chain. Like I said, the distribution looks pretty fair. It should also perform pretty well in the next week, as the airdrop is still locked for at least a week.
nhill Member	Fri May 27 18:06:42 I feel a big capitulation coming this weekend, though. Bitcoin 21K? I would not be surprised. Alts down another 50% from here? Yeah, I can see it. People want to go on vacations, and, in these market conditions, it's pretty easy to take profits (if you still any lol) in risk assets, crypto being the #1. I think we've already seen this start this week, as crypto has underperformed the stock market for the first time in quite a while.
Habebe Member	Fri May 27 18:20:25 Eth dipping and 1800 and I heard many ALT coins may collapse soon. Sentiment is not good. The markets had good week really. Inflation looking to stabilize helped. But the possible housing collapse could upend that and spiral US down much further.
Habebe Member	Fri May 27 18:28:42 Do you have any crypto channels you follow?
nhill Member	Fri May 27 18:33:03 YouTube channels? I had a list of ones I watched that I posted here I think last year, but I don't watch anything much right now. UpOnly on YouTube has great guests, but terrible hosts (Cobie and Ledger have almost no natural charisma). I almost always watch UpOnly but only for the guests. Recently they had Jim Talbot on there, which is someone I interact with from time to time along with Cred (whom I don't interact with but find very intelligent). Jim got slightly drunk halfway through so his content waned, but he's pretty smart too.
nhill Member	Fri May 27 18:49:56 Looks like $PTP is going to round trip back to the presale price ($0.09 I believe). No matter, I'll be loading up. I should have been selling my rewards more on the way down, in retrospect, but I opted to compound for the vote escrow. Once they release gauges and such, my play should be decent, but I think it could have been better if I had sold the rewards until I could buy at the presale price. It has went from $16 to $0.30 in the bear market. But the token has no use case other than being able to accumulate vote escrow, so selling and the rebuying makes sense. Will be curious to see if I made the right decision or if the market did. I assume the market made a better decision. But, either way, doesn't matter. Got all my stables there now, so not very concerned beyond the usual smart contract risk and potential of stables losing their peg. Still certainly a risky endeavor, but most my stables are in various $USDC pools, and $USDC is the best stablecoin in this market.
nhill Member	Fri May 27 18:53:13 Kinda funny how all of a sudden centralized solutions like $USDC look extremely compelling in a bear market. We can do better, but, hey, it is still quite early in the technology lifecycle. We are getting closer to the chasm, though: http://thinkinsights.net/strategy/crossing-the-chasm/ I read that around 15% of US adults messed with crypto last year. Of course, I'm sure 90% or more only bought DOGE, ETH, or BTC on a centralized exchange, which isn't actually using the technology. We're probably closer to ~5% adoption, the visionary stage. Once we cross the chasm (which will be the most difficult thing to do, as it requires mainstreaming the user experience), the Sebs and such of the world will worship me.
nhill Member	Fri May 27 18:58:46 My $PTP play should end up rewarding me sometime this summer once they release gauges to allocate the vote escrow. I'm already getting some nice little airdrops ($ECD and $VTX, and some new hummus protocol) from the complementary ecosystem, so I'm not worried about it. I'm more worried about stablecoins depegging at this point. Tether in particular is getting its backing tested pretty heavily. So far, they have been able to redeem every Tether, so all is good, but the second they aren't able to (if it happens), we will see an absolute shitshow. Would not be surprised to see Bitcoin hit under 10K if Tether implodes. Lot of the liquidity is found in that pair.
nhill Member	Fri May 27 19:01:32 I said this last year and I'll say it again. Understanding the liquidity flows in crypto is the most important part of the capital allocation process. Without understanding it, you could easily buy a crypto coin and not realized it's just a leveraged version of some other coin (for example, $PTP is essentially leveraged $AVAX, and $AVAX is getting a new asshole torn, which automatically makes $PTP less valuable). I would go so far as to say you shouldn't make any on-chain moves without understanding how liquidity and automated market makers works.
nhill Member	Sat May 28 19:21:03 Nim If you have been using Osmosis, check your EVMOS airdrop. Totally forgot about it when it failed to launch, but checked today and it's up. Had a free $1000 waiting for me.
nhill Member	Sat May 28 19:22:19 Gonna swap half for USDC and farm it in Diffusion.
Habebe Member	Sat May 28 21:39:45 "Understanding the liquidity flows in crypto is the most important part of the capital allocation process. Without understanding it, you could easily buy a crypto coin and not realized it's just a leveraged version of some other coin" Would you get this info on the white page? Personally Im not in crypto at all, its more volatile than usual and trending downward. I might start buying BTC/ETH weekly soon, I'll huage in a few weeks. Im also scouting for discount coins, but like my dad was talking about putting $100 a month into something for the kids when they get older, so very long term (they are 3, 6 and 6) and I was thinking mutual funds, and BTC/ETH, maybe some dividend stocks and just auto reinvest them. Good deal on the free $1k. Some of those aidrops are great. I finally got my bother in law to look into investing, which is better than his lottery habit. But he is also kind of retarded, so Im trying to stear him away from alot of active investing. For reference in 2020 he took Dayquil in the AM and Nyquil at night so he wouldn't catch covid. My sister is one of those ppl who will find every deal/free give away possible. She does that super coupling and penny shopping, buys shit she will never need, because it was a penny (IE 32 gallons of lmers glue, luckily the school took donations) so I figured Id turn her on to Airdrops.
Habebe Member	Mon May 30 02:36:47 And, Luna 2.0 basically shit the bed so far. Last I seen it was down like 70% day one. That said, crypto overall has had a good day.
Nimatzo iChihuaha	Mon May 30 13:39:54 EVMOS nice, totally missed this :)
nhill Member	Mon May 30 13:54:06 This is the virtuous cycle of crypto. The longer you stay on chain the bigger the reward. I also have a few thousand dollars from the optimism airdrop. Arbitrum will be next this year. Just keep exploring on chain and the rewards will flow
Nimatzo iChihuaha	Mon May 30 16:35:19 Good volume on the daily.
nhill Member	Mon May 30 16:38:48 American markets closed, probably rekt tomorrow. Some big CT whales (cobie, hsaka) bought and everyone piled onto it. Dead cat bounce is the highest probability outcome. Maybe a relief rally to 34-35. But I’m not buying yet, still stabled up. Would be a decent trade to target 34 (either long from there or short at 34), but I haven’t gotten bored enough to trade yet.
nhill Member	Mon May 30 16:40:18 It all depends on what the Nasdaq does. So far this is a classic mean reversion to restore the correlation in high time frame. Would be very happy to be wrong
nhill Member	Mon May 30 18:14:45 We may even fill the volume profile all the way back to 38-40 before dumping again… liquid markets don’t go straight down. A clean reclaim above 40 and retest and I’ll think about deploying some cash.
Habebe Member	Mon May 30 19:03:48 I think the base as sentiment is we had a good week, we're headed for some deep dives overall. Inflation numbers looked less bad, hence the bounce, but no one thinks it will last.
nhill Member	Mon May 30 19:08:56 Still have more rate hikes to deleverage the system. YoY inflation numbers have peaked which rightly caused a relief rally. But until the fed is happy, bull market is not back.
Habebe Member	Mon May 30 19:22:59 That seems to be the consensus. Most investors still see deeper dives. China is a wild card currently. And real estate markets are looking bad. Uncertainty and impending plummets don't equal bull markets. So I totally agree.
nhill Member	Mon May 30 23:24:44 > Would you get this info on the white page? Not usually. You can see it on dexscreener.com though. The way you find it is you figure out which base pair has the most liquidity. For example, $PTP has $3,000,000 worth of liquidity in the $PTP/$AVAX pair. The other pairs have basically nothing. Now that I understand that, I understand that the price of the token is dependent on the price of $AVAX. But the price of $AVAX is also dependent on its own liquidity flows. Right now AVAX gets most of its on-chain liquidity from $JEWEL. But where does $JEWEL get it's liquidity? As you can see, it gets complicated, and you have to understand the full flow if you want to really know what you're buying. (in this example, AVAX is actually traded more on centralized exchanges in USDT pairs, so the on-chain flow becomes *less* relevant after that. But I kept going to illustrate the example) Compare that to a crypto which has a primary $USDC base pair. That means it will only go up and down in fiat value if people buy and sell that particular coin. Whereas with $PTP it will go up and down in value based on the performance of the $AVAX token. If $AVAX price collapsed, $PTP would fall with it even if nobody bought or sold. So most crypto tokens are actually just leveraged version of other tokens. This is why it's cringe for people to hate on alt coins in a bear market. Of course they are going to go down more than BTC, because basically every big token has a big BTC pair in its liquidity flow. You can find some smaller tokens that only run a USD pair, and those can be bear market gems at times. $HEX, for example, performed really well in the bear market last year because it only has a relevant USDC pair, and people were still buying (it's a pyramid scheme tho). This bear market it's down -90% because the ponzi is collapsing. If it was a normal altcoin it'd be down like 99%, the only reason it is still relevant is because of the liquidity flow. If you don't understand the flow, you don't actually know what you are buying. And altcoins are basically all leveraged crypto tokens.
nhill Member	Mon May 30 23:28:45 >My sister is one of those ppl who will find every deal/free give away possible. She does that super coupling and penny shopping, buys shit she will never need, because it was a penny (IE 32 gallons of lmers glue, luckily the school took donations) so I figured Id turn her on to Airdrops. Airdrops are pretty complicated but if she can get enough capital to play on-chain, here's a good guide on potential airdrops this year: http://new...airdrops-opportunities-for?s=r The long and the short of it is that protocols without tokens will generally reward users with an airdrop at a later date.
nhill Member	Mon May 30 23:34:38 Finally made it to a computer so I can respond now :)
Nimatzo iChihuaha	Tue May 31 03:04:00 Looks like LUNA2 is recovering.
Habebe Member	Tue May 31 03:40:11 Looks like most all crypto is recovering. But do you think it will last? Honestly I didnt expect this rally, and kept all my$ out of crypto when I seen ETH go inder 18 and crypto detwch from the stock market.
Habebe Member	Tue May 31 03:50:21 Haha, they habe "staked Luna" coin with a market cap of $975
Nimatzo iChihuaha	Tue May 31 05:19:49 I don't really see any good reasons for this lasting. The general macro outlook is shit wrapped in even more shit. A shit taco.
Habebe Member	Tue May 31 05:47:43 Thats the sentiment almost everyone has. Its a jenga game. While everything is shit, I'll look for opportunities.Invest sparingly and wait for a bull run tondouble down.
nhill Member	Tue May 31 09:45:37 Speaking of airdrops... Optimism drop is out. Looks like another free $4000 based on price predictions. AFAIK there's no liquidity yet
murder Member	Tue May 31 09:55:07 They're just handing out money?
nhill Member	Tue May 31 10:23:21 Happens all the time. You can make around $10,000 a year free money from airdrops using crypto on-chain. Most idiot just use exchanges like Binance and miss out on it. But like I've said from the beginning, if you stay on-chain eventually you'll be financially free. It's still extremely early.
nhill Member	Tue May 31 10:24:48 Did you think I became a millionaire by some extraordinary talent? ;-)
murder Member	Tue May 31 11:07:04 "Happens all the time. You can make around $10,000 a year free money from airdrops using crypto on-chain." And how many people get these airdrops? I'm just trying to figure out how much free money they are giving away.
nhill Member	Tue May 31 11:13:57 About 20,000-100,000 people on average
Habebe Member	Tue May 31 11:37:01 Murder, http://www.airdrop.io/ Is another great place to start. Many free coins don't even require you invest any money. They have a whole section on Twitter Airdrops where they will pay you free crypto basically to post things social media. Even of its not worth much at the time you get it, it's an asset they fluctuates in value. Ethereum in 2017 cost around $40. Now ot has dropped down to $2k. Most xoins won't be the next ethereum, but they can ban you some free cash. Also if you want I cam show you how-to get free stocks, or literal free cash for opening up accounts at brokerages or just checking accounts. Its not get rich quick, but you could easily earn a few hundred dollars for using your phone. Direct deposit like SS is gold for checking account hustles.
murder Member	Tue May 31 11:40:32 "Is another great place to start." I'm just curious as to the amounts that get given away. There is zero chance that I involve myself why any of this stuff. But thanks for the link.
nhill Member	Tue May 31 12:11:53 murder, you have to understand that this isn't just free money, though, at least not directly. They are crypto tokens, not cash. The money comes from whomever you find as a counterparty to sell.
nhill Member	Tue May 31 12:18:42 I realize I used that term incorrectly earlier, my bad, but just want to make sure we understand where the money is coming from. It mainly comes from people that missed out on the airdrop or want to trade the hot new token.
nhill Member	Tue May 31 12:19:43 Often these tokens have some sort of utility to them (like reduced fees on a platform), so the demand can be semi-organic. But like most things in highly liquid markets, the traders are providing most of the liqudity.
nhill Member	Tue May 31 12:23:10 Looks like my $OP airdrop is now worth $10,000. That starts to move the needle a little bit
nhill Member	Tue May 31 15:55:51 Oops, I got fooled by the honeypot price on UniSwap, it's actually worth $2000. I sold it for USDC at $1.1 per $OP, I imagine it'll dump hard once everyone gets to claiming. Very rough airdrop, I had to deploy a private RPC server to get it claimed and sold. I like Optimism, will probably buy it back, but it started trading at a 5 billion dollar valuation and I don't see that holding.
nhill Member	Wed Jun 01 11:05:23 Oh wow, $OP didn't actually dump. Well I'm buying my tokens back at a loss then. Not for monetary reasons, just like the protocol and want to vote on governance.
nhill Member	Wed Jun 01 11:05:59 I thought I was going to wake up to it at 0 today, but apparently some whales wanted to horde governance.
nhill Member	Wed Jun 01 11:07:45 err I guess I'm buying them back for profit? it just dumped again, lol. no idea. it's only a couple thousand dollars so if it's a loss, it's a loss. can't be bothered to babysit it anymore
Nimatzo iChihuaha	Wed Jun 01 11:27:34 I got 130 Evmos, gonna also sell half. Need to check if I am qualified for the OP airdrop. The OP roller coaster, is at least signs of some excitement! Right now, if you were to bet on a protocol overtaking ETH, what would that be and why? My relative stab in the dark is NEAR, because of sharding.
nhill Member	Wed Jun 01 11:46:38 Will have to think on it a bit, but I would also go with NEAR as my gut reaction. It has accomplished Ethereum's roadmap years before Ethereum itself. They have excellent engineers. They are connected to EVM, IBC, and Polkadot, so they are well-positioned in the middle. It's made by Slavic engineers (the founders are Russian and Ukrainian) so it even has that Vitalik Buterin flavor. ;) NEAR is also receiving a lot of hate on Crypto Twitter for its VC-induced pump earlier this year (presumably because CT missed out on it), and counter-trading crypto Twitter is often a high probability move. The way I segment it in my head is novel implementations, such a NEAR & Solana, and EVM alternatives like Avalanche, Fantom, Moonriver, Harmony, etc. NEAR and Avalanche would be my leaders for those categories. Avalanche and Fantom are neck and neck, but Andre Cronje ghosting killed the momentum for Fantom and I'm not seeing the same pace of innovation that I saw in the first half of 2021. I would have pegged Fantom at $10 by end of this year if not for the bear market and Andre leaving, but the combination of the two have been critical wounds. Avalanche has shown a willingness to continue building in hostile market conditions, so I gotta give them some credit here. The other category is centralized exchange chains like BSC, Cronos, etc. Chains built by centralized exchanges. I don't see them ever being market leaders but I also see them as least likely to go away completely. The exchanges always have an incentive to keep having their own chain.
nhill Member	Wed Jun 01 12:17:22 *US prosecutors charge OpenSea's Nathaniel Chastain with insider trading* Good news to me. This could clear the way to more cogent regulations around insider trading in crypto and actually give those of us honest users a fairer shot. Probably bad for the price of crypto in the short term, but good for the health of the industry. Hope we see more of these leeches thrown into prison.
Habebe Member	Wed Jun 01 13:35:06 Crypto is all down about 4-5%. Might buy in for the up swing. I dont think this is the next plummet yet.
nhill Member	Wed Jun 01 14:49:43 I'd feel a lot safer shorting crypto after the upswings than buying it after a down swing. The upside is capped by the stock market correlation bots, but the downside still hasn't hit us. Been expecting ~21K since last December on Bitcoin, maybe even 12K if something truly gnarly happens. QT started today, but, of course this has been known for about 2 months so most of it is price in anticipation of the balance sheet runoffs. But you add in rate hikes, war, etc etc. Just much more comfy on the downside for me :)
nhill Member	Wed Jun 01 14:53:21 Seems like Bitcoin is trying for another bearish retest of the 30.6K level that has been the top of the range for about 6 weeks. That little weekend rally was, as I think I predicted here, a statistical deviation above the range due to some whales on Twitter baiting people into buying on a low liquidity weekend environment. I was surprised it didn't dump last weekend as people try to squeeze money for summer vacations, but it looked like a highly manipulated rally to me.
nhill Member	Wed Jun 01 14:54:30 If this is a bearish retest, I would go 30.6K -> 28.9K for a swing trade. Just simply can't be bothered to trade yet. Eventually I'll get bored of coding and start trading again
Habebe Member	Wed Jun 01 15:46:49 Maybe I'll just sit on some cash until a major crash hits. I can short stocks with ETFs, I dont think there are any short crypto ETFs. I mean in theory I dont see why not.
OsamaIsDaWorstPresid Member	Wed Jun 01 15:49:23 rofl cryptomason lsot all hiz nfts bi instalin randum crap on his computar so he made an big cry video bout it
nhill Member	Wed Jun 01 15:53:28 Have no idea who that is. The only Mason I know is Earthpig.
nhill Member	Wed Jun 01 15:55:27 Habebe I believe they've tried to make inverse crypto ETFs, but it's too volatile right now. Volatility decays the value of inverse ETFs.
nhill Member	Wed Jun 01 16:18:03 The reason volatility decays inverse ETFs is mathematical. The ETFs track the percentage of price movement of the asset, but 5% down is much different than 5% up. Scenario: Inverse ETF is worth $100. Underlying asset is worth $100. Underlying asset moves up 5%. It is now worth $105. Inverse ETF is worth $95. Inverse ETF is worth $95. Underlying asset is worth $105. Underlying asset moves down 5%. It is now worth $99.25. Inverse ETF is worth $99.75. As you can see, despite the ETF and underlying asset tracking the % price movement exactly and starting at the exact same dollar amount, they now have two separate values. Compound this over time and the inverse ETF could eventually be worthless despite the underlying asset not changing much from point A to B.
nhill Member	Wed Jun 01 16:20:59 That's why sometimes they do clever things for inverse ETFs like resetting the value daily to account for volatility of the previous day. But that just makes things a bit more complicated. It's why they advise people against holding inverse or 2-3X ETFs long term, because of unexpected results. I don't have a problem holding an inverse bond ETF, in fact I own a ton of them. But bonds are not very volatile and I know what I'm getting into...crypto inverse ETFs would be a nightmare :)
nhill Member	Wed Jun 01 18:21:06 http://cryptohayes.medium.com/shut-it-down-15d230b28089 New Hayes article dropped and he makes a semi-convincing argument that perhaps 25K is the bottom for Bitcoin, not 21K like I'm targeting. I hadn't really thought about it but if we only hit 25K when Luna sold about 3 billion USD (at the time) worth of Bitcoin, that could be pretty convincing. Someone ate all those coins, the order book wasn't thick enough to observe it. However, not much proof it was sold other than Do Kwon saying so. Not exactly a trustworthy source. But if 80,000 Bitcoin got dumped and we didn't wick to the macro bottom, it's entirely possible that those coins ended up in diamond handed whales who saw it too tempting to pass up. If so, perhaps it is bottomed out. I'm sticking with my original thesis of 21K (or less) until I can verify more details.
nhill Member	Wed Jun 01 19:33:18 http://airdrop.velodrome.finance/ Nim, another airdrop you should probably have. Just a tiny one, mine was worth $150. I swapped half for USDC and put it in a farm. As per usual.
Nimatzo iChihuaha	Thu Jun 02 03:59:23 Sweet, thanks for the answers and info. Gotta read the Hayes later.
Nimatzo iChihuaha	Thu Jun 02 05:52:52 We recently went over to using Scrive at work for signing documents. http://www.scrive.com/products/esign-online/ Blockchain-protected integrity Scrive uses blockchain technology to guarantee the integrity of your document. First, the document is sealed with a digital signature, then blockchain makes the digital signature verifiable through a permanent public record. This makes it possible to prove that any electronically signed document: has not been altered is not a forgery was created on the precise date and time indicated by the digital signature ******* Looks like I have finally started to use the technology to create value. lol :)
Habebe Member	Thu Jun 02 06:04:12 Verification of authenticity has always seemed the the first big use for it in my mind. Especially things prone to forgery. Ps. Still in a brain fog.....
Nimatzo iChihuaha	Fri Jun 03 13:41:31 Hayes article was great, I am listening through the referenced seminar, which is even more interesting and informative. http://www...MDMwNjIwMjIBRjF7-6Lmvw&index=6
nhill Member	Fri Jun 03 14:29:47 >Looks like I have finally started to use the technology to create value. lol :) Hehe. Don't tell Voldemort, he'll have an aneurism ;) >Verification of authenticity has always seemed the the first big use for it in my mind. That is essentially what crypto tech is for, decentralized trust. If people have such little imagination as to not see that being valuable, it's not our faults. :) I've always thought the killer blockchain app would be supply chain management. Being able to trace the shoe you bought straight from the factory, and seeing the chain of transfer, etc. It's like Carfax for everything :) Speaking of which, Carfax type of services should migrate to crypto eventually. Nim if you don't have it in Europe it's a service where every significant car repair is supposed to be reported and associated with a VIN number. People's car values are directly correlated with the Carfax store, so I would rather trust code and an immutable ledger than a company with competing interests. But it's still way too early for all that.
Nimatzo iChihuaha	Fri Jun 03 14:34:12 We have it here too.
nhill Member	Fri Jun 03 14:35:12 Neato burrito!
nhill Member	Fri Jun 03 14:37:29 "n a 2006 class action lawsuit, the plaintiff claimed that CARFAX violated consumer protection laws by not disclosing the limitations of their service, specifically their inability to check accident records in 23 states in the U.S. while stating that their database contains information from all 50 states.[16] The lawsuit was settled in May 2007 in the Trumbull County Common Pleas Court in Warren, Ohio.[17][18] The company asserts that it has major accident information from all 50 states and it backs up its claim with a buyback guarantee. The settlement in the West v. CARFAX, Inc lawsuit was overturned, not on the merits of the issue, but on the terms of the settlement which did not offer enough to the affected consumers and because "not enough consumers were notified and the judge should not have agreed to the settlement without knowing more about what it would cost CARFAX."[19]" Crypto fixes this
nhill Member	Fri Jun 03 14:38:44 So many aspects of society could be made more efficient with smart contracts operating on a immutable ledger in a decentralized trust environment. A long road to go, but I'm excited :)
Habebe Member	Sun Jun 05 07:59:57 Chipotle now accepts payments in AMP for the FLEXA Network. Lunc/luna classic- has debuted and seems to flicker alot from 1-3 prices. I imagine it's often large investors make fractions of a penny a million times over and over. But 0000081 sell @0000100 or so forth.
Habebe Member	Sun Jun 05 10:00:23 http://www...-level-by-the-end-of-year/amp/ Arthur Hayes is predicting ETH may drop down to 1.3k and jump up to 10k by the end of the by/early 2023.
Nimatzo iChihuaha	Sun Jun 05 10:25:23 “Arthur Hayes, the youngest crypto billionaire of American Africa“ American Africa??
Habebe Member	Sun Jun 05 10:30:06 DC?
nhill Member	Sun Jun 05 19:16:25 Hayes and I line up with my predictions since January, a bit a minor difference though, I predicted ETH at 1.2K and BTC at 21K
nhill Member	Sun Jun 05 19:18:42 But yeah, I’ve never heard the term American African. Is that the new “current thing”? Thought we were still doing pride month
Nimatzo iChihuaha	Mon Jun 06 03:29:18 lol yea this woke stuff moves so fast I am honestly not sure if that is typo or the ”current thing”. Maybe that is how the woke stuff dies, it merges into the background ambiguity.
Nimatzo iChihuaha	Mon Jun 06 03:40:26 As for the market, I am getting more comfortable with the idea that we are at or near the bottom. There are two people I listen to outside UP who called this bloodbath are making noises. One is Hayes and then there is this swing trader on twitter ”il capo of crypto”. He has been calling this sub 30k range against a flurry of hate and lulz since early this year. So that is Hayes, capo and Nhill. A lot of confluence at these pricelevels. I feel like maybe it is time to start farming tokens again. What are we buying what is fresh what is new? What’s kicking? I feel like this year I am much less fumbling in the dark trying to follow directions, being overwhelmed by information.
Habebe Member	Mon Jun 06 05:22:31 I'm 50/50 on the market. I mean, inflation seems to be plateuaing.But... Real estate looks shaky in a big way. China is still off line. Gas prices are still climbing.Im not saying we couldn't have a turn around with high gas prices (historically have we?) If
Habebe Member	Mon Jun 06 05:24:25 If RE bursts, how can we not stay bearish?
murder Member	Mon Jun 06 07:26:14 "But yeah, I’ve never heard the term American African. Is that the new “current thing”?" Maybe a non-native English speak ... er, writer.
Habebe Member	Mon Jun 06 07:40:31 Maybe it's getting so bad here Americans are fleeing to Africa, $1k in the central african Republic is retiring money. Now , you probably have to come in with your own power supply and small army to not get killed. Buta pint of beer sells for .01 USD
nhill Member	Mon Jun 06 08:41:48 >If RE bursts, how can we not stay bearish? Many reasons, here are a few: 1. Real estate and crypto are not directly correlated and never have been. 2. Bitcoin was created as a result of the RE bubble popping, partly to combat against it if it happens again. 3. In the markets, Real estate isn't a risk asset, it's a safe haven. Crypto, on the other hand, is directly correlated with risk assets like technology stocks. 4. Real estate topping would mean that capital would move somewhere else. That last time real estate topped out, the stock market went on a +17% run, one of its best years ever (Dec 2016-2017). None of these are opinions, you can see it in the charts.
nhill Member	Mon Jun 06 08:43:03 Dec 2006-2007, that is.
nhill Member	Mon Jun 06 09:03:05 That is some nice confluence, Nim :) Regardless of macro there's certain prices that make crypto irresistible. And, as we saw in previous crises (start of the pandemic), crypto recovers before the stock market. I'm bearish on the stock market for most of the year, but still think crypto will have bottomed out by the second week in July. As for what to buy? We'll know soon. Builders build in the bear market, and release once it begins to recover. For me, I'm stacking $PTP. 1. There's a huge ecosystem being built up around it (ECD,VTX,HUM,VELO, all released. more in-progress.), 2. They have their GameFi release finished and are waiting for a market recovery to release it. 3. It's cheap right now, almost to presale levels at $0.25. There's still VC unlocks bu 4. VCs generally don't dump below the presale level. Barring some unfortunate event (hack/rug/exploit), you'd have to be insane to think it'd never make a new all-time high. That means you can almost guarantee (again barring black swan event) a 30X from here on a long enough timeframe. 5. Nobody ever talks about it. this is almost the most important one, you get a nose for these things over time...if people aren't talking about it it's often because they are stacking. Selfish stackers will shill it at $0.50-$1 on crypto twitter, just watch, but they won't tell you to stack it now). 6. Literally nobody has ever mentioned it anywhere, I guarantee you are reading it in this post here first, but they've pioneered a whole new code licensing model for crypto with the Business Source License that allows approved forks to launch (as opposed to OHM where it was open season and diluted the whole ecosystem). 7. It's the best stableswap in the industry. Far better rates than Curve with the same TVL. 8. Its coverage rate model survived the stablecoin bear market. Liquidity providers were spared from the Luna/UST crash, unlike at curve where it caused serious pool imbalances. 9. Similar to the point above, it survived a stablecoin black swan (UST crashing and USDT losing peg on Curve) event. It's now considered battle tested. 10. Despite all 9 points above, people forget this protocol isn't even released to production yet. ITS STILL IN BETA! Imagine the investor confidence and resulting price action once they have their first production release. I'm drooling thinking about it. ;)
nhill Member	Mon Jun 06 09:09:01 Curve market cap: 500 million. Platypus market cap: 10 million. Platypus is used more by whales because it provides better rates. Curve's market advantage right now is being on 10 different chains. But does that make Curve 50X better? Nah...and Platypus is doing the multichain approach differently with its licensing model. Hummus exchange recently released on Metis, with more to follow. Curve hasn't even released on Metis. $vePTP holders get a Hummus airdrop. I'm not very bullish on Metis anymore, so it's unclear whether or not Hummus will succeed. That's part of the genius of the Platypus licensing model to me. It can "release" on Metis and fail and not have any contagion because it was made by a different set of developers unaffiliated outside of them obtaining an approved fork license.
Habebe Member	Mon Jun 06 09:13:03 Nhill, If anything I would think if anything we could see a further separation of Crypto and SM. 2016-17, wasnt this big of a potential burst, gas was cheap, money was cheap, China didn't have a RE bubble bursting....IDK these all seem more bearish to me. But its anyone's guess.
nhill Member	Mon Jun 06 09:15:07 Not to mention investing in Platypus is less risky than most tokens if you use it as a liquidity provider and just stack $PTP for $vePTP. It's a great place to keep your stablecoins. As I mentioned last year, I always keep about 20% stables in a bull market, which amounts to about ~400K on average over the past year. Very cool to keep that money productive and stack through the bear market. That makes me not care about the actual token price, because it's a cherry on top of my stables. I'm still 80% in stables right now, not considering deploying yet. I think we have another leg down, but we're close enough to the bottom where I wouldn't begrudge someone for increasing their risk profile. I'm more cautious due to having amassed such a large stack over the past 4 years.
nhill Member	Mon Jun 06 09:16:59 Habebe, I am bearish on the stock market and crypto right now. I was just answering your question as to why it isn't bearish for crypto that the real estate market crashes.
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