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re: Official CryptoTalk Thread

Posted on 8/15/21 at 12:07 pm to
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 8/15/21 at 12:07 pm to
Once it's predictable it'll change though, don't put any money on it
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 8/15/21 at 12:15 pm to
pffft that’s not how you make money

Opening up 100x leveraged short positions though on Saturday night, that’s the big brain move
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 8/15/21 at 12:50 pm to
Damn, converted my sol to btc a tad too early should have waited for 50+
This post was edited on 8/15/21 at 12:52 pm
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 8/15/21 at 12:52 pm to
It's also reverse psychology. Maybe the more I talk about the Red Sundays the less it'll play out and might actually go Green. lol.
This post was edited on 8/15/21 at 3:32 pm
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 8/15/21 at 12:54 pm to
weve be warning about sol since $15

sol NFTs are exploding
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 8/15/21 at 1:06 pm to
We are pretty much at that decision point. BTC cannot turn around for any significant amount of time. The psychology of that will cause a chain reaction of people trying to book at least some profits.
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 8/15/21 at 2:32 pm to
Doge is coming back to life over the past 2 weeks. That is something I could have done without.
Posted by BottomlandBrew
Member since Aug 2010
29384 posts
Posted on 8/15/21 at 4:11 pm to
I read a story today about a guy who got his old wallet recovered with 10 million dogecoin on it. Too bad he didn't get it recovered a few months ago. LINK
This post was edited on 8/15/21 at 4:24 pm
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 8/15/21 at 4:16 pm to
I should lose my wallet for a few years lol
Posted by TheDuke5524
Baton Rouge
Member since Jun 2015
1413 posts
Posted on 8/15/21 at 4:20 pm to
Looks like reverse psychology might be working. lol
This post was edited on 8/15/21 at 4:38 pm
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 8/15/21 at 5:03 pm to
Anyone here familiar with the Flare Network? Here is the description from the abstract of their whitepaper:

quote:

The Flare Network is a distributed network running the Avalanche consensus protocol adapted
to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. It can thus be
leveraged as a scaling method for smart contract networks without relying on economic safety
mechanisms. The absence of a link between network safety and the native token, the Spark, allows for
greater flexibility as to how the native token can be used. The Spark Dependant Application model
provides a blueprint for building applications on the Flare Network. This relies on three components:
Spark used as collateral, Spark used to contribute to the Flare Time Series Oracle providing on-chain
data estimates and Spark used as a participation token in governance schemes.


Can someone translate that for me?

LINK
This post was edited on 8/15/21 at 5:09 pm
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 8/15/21 at 5:04 pm to
Sure, here you go

quote:

buy this pump and dump scam token
Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 8/15/21 at 5:08 pm to
quote:

The most consistent thing we have right now is banking on a Red Sunday every week.


A lot of coins today bucking the old red sunday trend.

Posted by GumboPot
Member since Mar 2009
138911 posts
Posted on 8/15/21 at 5:08 pm to
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 8/15/21 at 5:24 pm to
alright CE Tiger I put 100 bucks into LINK with a plan to DCA into it alongside BTC this coming few weeks. If it goes down I’m holding you personally responsible.

I’m going to be honest, I like Chainlink as an Oracle but don’t fully grasp the valuation of its token because the token itself doesn’t have utility outside to pay the node operators. They provide a valuable service so it’s essentially just the value people ascribe to the services they provide?
This post was edited on 8/15/21 at 5:26 pm
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 8/15/21 at 5:31 pm to
quote:

The Flare Network is a distributed network running the Avalanche consensus protocol adapted
to Federated Byzantine Agreement and leveraging the Ethereum Virtual Machine. It can thus be
leveraged as a scaling method for smart contract networks without relying on economic safety
mechanisms. The absence of a link between network safety and the native token, the Spark, allows for
greater flexibility as to how the native token can be used. The Spark Dependant Application model
provides a blueprint for building applications on the Flare Network. This relies on three components:
Spark used as collateral, Spark used to contribute to the Flare Time Series Oracle providing on-chain
data estimates and Spark used as a participation token in governance schemes.


Bunch of marketing jargon.

quote:

It can thus be
leveraged as a scaling method for smart contract networks without relying on economic safety
mechanisms


Without having read anything about other than this excerpt... Stay far away from long-term holding IMO. Does not sound secure.
Posted by CecilShortsHisPants
One Foty Fo uh uh Magnolia Screet
Member since Oct 2012
3738 posts
Posted on 8/15/21 at 7:19 pm to
Holy hell, that was the most volatile 5 minutes ever.
Posted by TheOcean
#honeyfriedchicken
Member since Aug 2004
45279 posts
Posted on 8/15/21 at 7:19 pm to
Doge baby
Posted by 21JumpStreet
Member since Jul 2012
14871 posts
Posted on 8/15/21 at 7:25 pm to
If bitcoin is gold 2.0. Doge gotta be like salt 2.0 right?
Posted by CE Tiger
Metairie
Member since Jan 2008
41886 posts
Posted on 8/15/21 at 7:48 pm to
quote:

the token itself doesn’t have utility outside to pay the node operators.


Data doesn’t come into the blockchain without the Link token and it’s transfer and call function

Just watch Sergeys keynote at SmartCon if you have any doubts where this is going
LINK
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