Faceplanted
Well-Known Member
You can get 4-6% apr on most tokens via defi platforms.
If your gonna hold I don’t see an issue.
I personally prefer to not have my money locked up.
Bitcoin/Ethereum/cryptocurrencies
- Thread starter 35years
- Start date
If your gonna hold I don’t see an issue.
I personally prefer to not have my money locked up.
This is insanely stupid.
You can argue about Ethereum 2, or any garbage you want.
If ANY respectable banking platform offered 15 dollars as the minimum fee to do ANYTHING with your money, they'd be out of business in a heartbeat.
And that's not even what Metamask wanted to move some stablecoins around...
EDIT:
That's how much to send my USDC around.
Brownslave688
You want a toe? I can get you a toe.
Was gonna say I think it’s closer to $50.
Yeah man eth is broken and I think it’s at a fundamental level that will never be fixed. In 10-15 years I think we will laugh that people once thought eth was this awesome tech
35years
Gravy route
Um
No. August 2017 to today...
Try $1,000 is now worth $11,000 not 29 million.
All of that in last 8 months.
Still not bad.
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ManInBrown
Well-Known Member
Um
Yes. $1000 purchased in June 2017 was worth 29 million when I made the post. Now it’s worth 38 million.
https://i.postimg.cc/DwPSsBz8/B4-BEB3-D7-6-B8-E-4-FB5-8-DF1-4-E6685-B9-E60-friend.jpg
Brownslave688
You want a toe? I can get you a toe.
Don’t think ETH has ever been 10 cents. Sure wasn’t in June of 2017
35years
Gravy route
He posted his LOL August 17, 2017 .
The price was $300.26 not $0.10.
I didn't even start this thread until August 2017. Nice try though.
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35years
Gravy route
You are correct. $348.37 on June 20, 2017 a far cry from $0.10.
Over70irregs
Well-Known Member
To Stake or No? That's the Eth 2.0 Question
Pioneers in staking face a tough choice between securing Ethereum 2.0 and the opportunity costs of freezing their assets.
Faceplanted
Well-Known Member
You don’t get it, no disrespect
eth will be nothing more than a settlement layer. Arbitrum will handle offchain computations and “zip up” the vast sources of data while just writing a hash on etheriums blockchain.
OCR via chainlink has already lowered gas fees for DEFI price feeds 90%.
Basically all DEFI uses chainlink to secure 100 billion in decentralized funds. Anybody who thinks any other project has even close to the amount of actual use and value is deluded.
Arbitrum will exponentially drop the gas prices even lower while allowing complex computations for complicated smart contracts.
Matic has also drastically lowered cost. Eth is not about poor people moving 200 dollars to a DEX, eth is about 10 million dollar derivatives contracts settled instantly with 100% transparency.
ETH is not a currency. You can use nano or other currency tokens if you want to send money. If you want to interact with a smart contract, currently your gonna have to pay.
Currency crypto coins are a meme. Blockchain’s true use comes from automating industries while providing security and transparency.
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Faceplanted
Well-Known Member
No counter argument.
100 billion dollars and growing exponentially, all on blockchain, all transparent, all secured by chainlink oracles. Idk how one feels they are right by simple stating facts. Blockchain is not about sending 50 bucks to your buddy. If 15-20 dollar gas fee’s are an issue, your poor and should not be burning gas to send 100 bucks to pancake swap to buy the next rug pull.
J.P. Morgan has no issue paying 20 bucks for a smart contract interaction considering they can eliminate the majority of their law department, data entry personal and techs, and settle contracts immediately instead of having to wait weeks as current derivatives contracts take.
Brownslave688
You want a toe? I can get you a toe.
But why spend $20 when they can do it for pennies.
Faceplanted
Well-Known Member
They can and will once arbitrum and optimism come out. The idea that blockchains need to scale is 2018. Layer 2 systems open the door to basically decentralized super computers, while still being 100% secure and automated.
banks current systems may be able to do it currently for fractions of a cent, than they have to pay for a legal team, people who program/upload data, and wait days/weeks to settle. Escrow, price feeds for stocks/commodities, data for insurance. It will all be automated saving companies a huge amount of money.
INDUSTRY STANDARD, has already been standardized.
garbage in garbage out is almost impossible, and ideas like super liniar staking will make it extremely secure... secure enough for J.P. Morgan, Citibank, Nasdaq PayPal/paxos ect to move and utilize blockchain.
proof of reserve snd price feeds are the building blocks of financial smart contracts.
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People talking about fees(that will eventually be fixed) while im farming 200$/day in profit with a small % of my stack because this amazing platform is enabling financial services to expand beyond the crappy CeFi world.
I'll gladly pay 30$ to move my profits every week if i can keep making crazy APY.
I'll gladly pay 30$ to move my profits every week if i can keep making crazy APY.
ManInBrown
Well-Known Member
Two cryptos that everyone should be stacking. XRP and Cardano. Been stacking XRP since it was $.33, when the SEC lawsuit is over which Ripple is going to win, the price will shoot up. Easy $10 by EOY.
rod
Retired 22 years
Bernie Maydoff’s clients thought they were making big money also.
Faceplanted
Well-Known Member
What exactly is cardano going to do?
