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If you don't hate Crypto methodology, you are wired wrong

Posted on 1/5/22 at 6:29 pm
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 6:29 pm
First, let me say that I'm not anti crypto. I mine and have my bots. However, that does not change the horrible "infrastructure" that is the crypto world.


Let's take for an example my mining rigs on 1/5/22. In particular, my latest 3060ti rig. Right now, If I mine ETH, I will make $5.82 per day. I switched a few days ago to FLUX which was higher profit.

Today, I will switch again because this coin is producing $21 per day on that rig. And with each payout, I will convert to 50% to USD and HODL the rest.

You would think that would be easy. It's not. Why? Because not every coin is on EVERY wallet nor every exchange! I hate it. Such disorganized shite!

So right now, I have taken a break to bitch about it. You do not face this with the market/buying/selling.

You have to own and have an account with everybody on the face of the planet to do this and it's just dumb.

If I want apple, I go to my platform, purchase it, and sell it however and whenever.

With Crypto, you can't do it. I need one of you ladies to step up and create the all in 1 deal!
Posted by 21JumpStreet
Member since Jul 2012
14650 posts
Posted on 1/5/22 at 6:32 pm to
K
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 1/5/22 at 6:33 pm to
Huh? You think the US financial system and stock market was open to everyone from day 1? This shite was built over many decades.
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 6:34 pm to
No, It's not "k".

It's the most unorganized mess on the face of the planet save DC...
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 1/5/22 at 6:35 pm to
quote:

It's the most unorganized mess on the face of the planet save DC...


Its not though. Go pick any 3rd world shithole and crypto instantly makes life there better. Period.
This post was edited on 1/5/22 at 6:36 pm
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 6:36 pm to
quote:

Huh? You think the US financial system and stock market was open to everyone from day 1?


No. I don't. I also know it's not 1925. Crypto is not working in that era.

quote:

This shite was built over many decades.


Come on. You know you see the issues.
Posted by DVinBR
Member since Jan 2013
12982 posts
Posted on 1/5/22 at 6:37 pm to
quote:

3060ti


great card for gaming
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 6:38 pm to
quote:

Its not though.


Yeah, but it is.

quote:

Go pick any 3rd world shithole and crypto instantly makes life there better.


Has not 1 damn thing to do with the topic.

quote:

Period.


Not period.

There are zero exchanges that is home to all crypto. There are zero wallets that allow you to hold all the different cryptos.

Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 6:39 pm to
quote:

great card for gaming




It is! Looking forward to the new AMD processors to help it hum along!
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 1/5/22 at 6:39 pm to
quote:

There are zero exchanges that is home to all crypto. There are zero wallets that allow you to hold all the different cryptos.


And? It takes like 10 seconds to figure it out and sell your shite coin. WTF are you on about?
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 1/5/22 at 6:44 pm to
I moved some SOL from my exchange app to my wallet, converted to IN and staked it inside of 3 minutes.

If I were to move money from a bank like WellsFargo to a trading platform like Fidelity, it would have taken days just to move.

I am not trying to be mean, but I literally dont know what you are complaining about. lol
This post was edited on 1/5/22 at 6:47 pm
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 6:46 pm to
quote:

And?


Read it all again carefully.

quote:

It takes like 10 seconds to figure it out and sell your shite coin.


No it does not. Setting up and verifying who you are over 10 exchanges is not a 10 second deal.

Binance US is a great story of how the shite is not working well.

quote:

First and foremost, I sincerely apologize for the delayed response. I can assure you that you have not been overlooked! I'm sorry that you are having issues with linking your bank information. We apologize for the inconvenience that this process may have caused. It's not the experience we wish to create for any of our customers. Worry not, I am more than willing to exhaust my resources to help you out. This particular issue is due to a recent verification update. We are working to resolve the discrepancy. I have escalated your issue to our onboarding department for manual review and will be sure to reach out to you as soon as we hear back.


Literally from Binance US on Monday... almost 2 months of BS just trying to open and account. They have every photo ID and a verified banking account.

gate.io... LOL.. The link they sent to confirm the email won't work.


quote:

WTF are you on about?


I'm talking there is ZERO standards and having to find 20 wallets and exchanges to deal with it is STUPID!!! It;s NOT EFFECTIVE. IT'S BULL SHITE!


That's not me against crypto. I own mining rigs. I trade Crypto. That does not change the fact that it's an less than desired network
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/5/22 at 6:49 pm to
this is like whining because every penny stock is not listed on TD ameritrade or something

what coins are you bullish on so i can short, thanks
This post was edited on 1/5/22 at 6:49 pm
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 1/5/22 at 6:51 pm to
quote:

No it does not. Setting up and verifying who you are over 10 exchanges is not a 10 second deal.


Then you are trading shite coins. Any coin worth a damn is on the top 3 exchanges and from there all you need to do is go to a DEX. You literally dont need to KYC 10 times.


quote:

Literally from Binance US on Monday... almost 2 months of BS just trying to open and account. They have every photo ID and a verified banking account.

gate.io... LOL.. The link they sent to confirm the email won't work.



I maintain my shitcoin comment. I dont even have a Binance account. I dont see a need for it.

quote:

I'm talking there is ZERO standards and having to find 20 wallets and exchanges to deal with it is STUPID!!! It;s NOT EFFECTIVE. IT'S BULL SHITE!


You really dont need 20 wallets. There are like 3 major block chains so you really only need 1 wallet per chain.

Maybe you should re-evaluate how you approach the space.

quote:

That's not me against crypto. I own mining rigs. I trade Crypto. That does not change the fact that it's an less than desired network


I mine too. Its literally the easiest job I've ever had.
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 6:56 pm to
quote:

this is like whining because every penny stock is not listed on TD ameritrade or something


No it isn't.

quote:

what coins are you bullish on so i can short, thanks


Read slowly.
Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 1/5/22 at 6:57 pm to
quote:

Read slowly.


Maybe you should speed up!
Posted by Jjdoc
Cali
Member since Mar 2016
53472 posts
Posted on 1/5/22 at 7:07 pm to
quote:

Then you are trading shite coins. Any coin worth a damn is on the top 3 exchanges and from there all you need to do is go to a DEX. You literally dont need to KYC 10 times.




Wrong. It does not matter what "shite" coin I am trading or not. What matters is the current value of said shite coin.

Currently, that shite coin is over 3 times the value to my miners than ETH per day.

I don't give a damn the name.... I don't care if it's gone by the end of 2022. What I care about is mining it and exchanging it in real time! If you don't understand that.... sorry.

quote:

I maintain my shitcoin comment. I dont even have a Binance account. I dont see a need for it.



MAINTAIN away. Right now, I am mining at 3 times the worth of ETH (a shite coin right). And I am exchanging it as fast as the payouts allow.

That you don't understand that tells me all I need to know.

Posted by JayDeerTay84
Texas
Member since May 2013
9847 posts
Posted on 1/5/22 at 7:13 pm to
quote:


MAINTAIN away. Right now, I am mining at 3 times the worth of ETH (a shite coin right). And I am exchanging it as fast as the payouts allow.

That you don't understand that tells me all I need to know.


Whats not to understand that you are mad? You are making money in your garage and you are mad at the tech.

You are mad because its not quick enough for you.

Try mining for gold or something. See how fast that is.
Posted by lsutigerdan
Member since Jan 2006
1941 posts
Posted on 1/5/22 at 8:22 pm to
I was looking into building a gpu mining rig before right before covid hit.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 1/5/22 at 8:30 pm to
dudes mad because he mined some random FLUX shitcoin from some youtube shill and now cant swap it into anything unless takes a ~40% loss because there is almost no liquidity

lol

small time mining plebs should stick to the basics (eth)
This post was edited on 1/5/22 at 8:31 pm
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