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re: Official CryptoTalk Thread

Posted on 3/17/21 at 10:16 pm to
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/17/21 at 10:16 pm to
ada had another nice pump again
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 3/18/21 at 8:07 am to
This is one of the reasons I am buying into ada more.

From the ceo:

quote:

We did it right, but it meant we were one of the last ones to get to market. My goal is to run countries on this blockchain. I don’t care about Uniswap and CryptoKitties and other things. It’s a bubble, and it comes, and it goes, like Pet Rocks and Beanie Babies.”
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10607 posts
Posted on 3/18/21 at 8:52 am to
quote:

Here are a few defi non kyc options on ethereum that I have tried. They tend to be a touch more expensive but provide anonymity

hegic - eth /wBTC, can buy very large qtys if you want, the pool is deep, can resell your option on hetoro

Whiteheart is launching soon and will provide auto 30 day price protection when you buy so if the value drops you are reimbursed for difference.

Hetoro is a pretty good for on chain analysis.

You can also look at a few dune analytics dashboards for more data on hegic or others.

I tried synlev too but it’s crashed and the dev is MIA.


Non KYC likely also means not regulated by CFTC, and not insured?

This would mean I'd need to look at their private crime insurance?

I notice ledgerx is federally regulated, and their insurance is available to review. That's important to me when the dollar amounts are higher, especially since I'm newer to trading bitcoin, although I've owned it outright for quite some time.

I appreciate the response. I have purchased protective puts on what I own, and probably should have done this a long time ago given the price appreciation. I'm not starting to trade options around what I own. A couple of things appeals to me. I can but 1/10 contract options for $63,515 breakeven out until 2022 for $585.00 per contract. That in my view isn't a bad long term speculative position.
.
This post was edited on 3/18/21 at 8:53 am
Posted by SUG
Member since Nov 2015
667 posts
Posted on 3/18/21 at 9:03 am to
yep, its gonna pump again after CB noob listing, i plan on a little profit taking after that
Posted by finchmeister08
Member since Mar 2011
39886 posts
Posted on 3/18/21 at 9:20 am to
what time is it supposed to come online?
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/18/21 at 9:22 am to
quote:

From the ceo:


Dude is one of the biggest sleazeball in the space and still has yet to deliver a product that actually functions

Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 3/18/21 at 9:25 am to
He must not have an integration with link.
Posted by SUG
Member since Nov 2015
667 posts
Posted on 3/18/21 at 9:40 am to
its on CB Pro now, CB could take a day to a week
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 3/18/21 at 10:07 am to
Cringe...
Posted by SUG
Member since Nov 2015
667 posts
Posted on 3/18/21 at 10:22 am to
Douchebag for sure...ill still take him over CZ
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/18/21 at 10:26 am to
are any of these ceos not cringe?

Vitalik has some sus pics out there too
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/18/21 at 10:30 am to


The GOAT
Posted by eng08
Member since Jan 2013
5998 posts
Posted on 3/18/21 at 11:07 am to
They are smart contract based. So yes it’s not insured but it is a smart contract on ethereum.

You are currently trusting the institution to be solvent on your current options. With hegic - you can see it all if you know where to look and hetoro and dune analytics makes it easy to see.

There could be a bug in the contract or hack in the protocol, or their liquidity pool backing the options could drain / suddenly withdraw but it’s been pretty stable. The options contracts are about 6 months old so I’d say it’s pretty solid.

Also, I’ve staked tokens in hegic and made a good return on what I put in for the timeline.

The liquidity providers are paid half the options cost so there is an incentive to leave your token there, the hegic stakers paid the other half.

At that price per option I’d buy those too
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/18/21 at 11:16 am to
well I called nfts taking over and I'm calling it now: defi on bitcoin will be the next big thing

this space is going to get very interesting
Posted by CE Tiger
Metairie
Member since Jan 2008
41893 posts
Posted on 3/18/21 at 11:17 am to
Why would DeFi be on Bitcoin?
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 3/18/21 at 11:21 am to
Does the BTC protocol even have the ability to facilitate DeFi? Honest question
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 3/18/21 at 11:37 am to
Wrapped bitcoin?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/18/21 at 11:42 am to
yup through DLCs which are essentially btc oracle contracts. they're getting ready to discuss it more on clubhouse. tweet thread below

LINK
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 3/18/21 at 11:42 am to
quote:

Wrapped bitcoin


lol no
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 3/18/21 at 11:47 am to
A rewrite of the core protocol but still call it bitcoin?
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