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Started By
Message
re: Official CryptoTalk Thread
Posted on 10/25/21 at 2:05 pm to rocket31
Posted on 10/25/21 at 2:05 pm to rocket31
quote:
low IQ people like this just strengthen by conviction
these people are constantly wrong about everything
they've been consistently incorrect on the subject of crypto adoption and the crypto community has largely nailed it in terms of the adoption curve, so it is kind of hard to take the laughter in any other way than bullish
it's alright, peoples faith in fiat is shaken globally right now and the Bitcoin standard has never looked so appealing.
This post was edited on 10/25/21 at 2:06 pm
1
Posted on 10/25/21 at 2:16 pm to Ross
Furthermore a lot of people see the creation of CBDCs as bearish toward crypto. Initially that may be the case and I don't know what that bearish timeline may be if at all. But with the creation of CBDCs I see massive crypto adoption that will come naturally just based on the fact that people will be forced to become more familiar with the crypto space and less, well, cryptic.
Posted on 10/25/21 at 2:36 pm to GumboPot
quote:
Furthermore a lot of people see the creation of CBDCs as bearish toward crypto. Initially that may be the case and I don't know what that bearish timeline may be if at all. But with the creation of CBDCs I see massive crypto adoption that will come naturally just based on the fact that people will be forced to become more familiar with the crypto space and less, well, cryptic.
I took the CBDC as more of their bending the knee and now trying to capitalize on the technology.
If they did it right the CBDC could/should replace all of your other "stable coins" and once on exchanges, the Fed now has an even easier time tracking it all.
SO in a way, they give the people what they want, (leaving BTC alone) and they gain massive insight to what people do with their money, CBDC (public ledger)....
This post was edited on 10/25/21 at 2:38 pm
Posted on 10/25/21 at 3:18 pm to rocket31
quote:
low IQ people like this just strengthen by conviction
these people are constantly wrong about everything
What exactly have you been right about?
And I hold bitcoin its just you tards in here think you are so brilliant
This post was edited on 10/25/21 at 3:19 pm
Posted on 10/25/21 at 3:33 pm to wutangfinancial
It is definitely an interesting concept that goes well beyond the scope of the average crypto project. I normally dismiss like +90% of crypto as a ponzi or unrealistic or rugpull or whatever, but the incentive structures in Olympus seem to have a lot of thought behind them. They are aiming to be something closer to an actual business than just a distributed ledger.
What Rocket calls a ponzi, I'd call a clever bootstrapping mechanism. Olympus clearly spells out that the APY will reduce at certain thresholds of outstanding Ohms. Anybody thinking the current 7000% APY will last forever is simply not paying attention. The dashboard shows how much runway they have to pay the current APY.
Check out their daily revenues here.
I don't claim to know where Ohm will end up, but do believe it is worth watching.
What Rocket calls a ponzi, I'd call a clever bootstrapping mechanism. Olympus clearly spells out that the APY will reduce at certain thresholds of outstanding Ohms. Anybody thinking the current 7000% APY will last forever is simply not paying attention. The dashboard shows how much runway they have to pay the current APY.
Check out their daily revenues here.
I don't claim to know where Ohm will end up, but do believe it is worth watching.
Posted on 10/25/21 at 4:04 pm to JayDeerTay84
quote:
If they did it right the CBDC could/should replace all of your other "stable coins" and once on exchanges, the Fed now has an even easier time tracking it all.
Well this kind of concerns me because most of Olympus' treasury is based on DAI and FRAX stable coins. I hope the guys over at Olympus realize this might be an issue.
Posted on 10/25/21 at 4:19 pm to GumboPot
I am just speculating they release their CBDC and then drop the hammer on all stables. I have no clue and the time table is years away.
Anyway, wish me luck, just throwing some funds in GYRO ha.
Anyway, wish me luck, just throwing some funds in GYRO ha.
This post was edited on 10/25/21 at 4:34 pm
Posted on 10/25/21 at 4:28 pm to JayDeerTay84
quote:
just throw some funds in GYRO ha.
Posted on 10/25/21 at 4:44 pm to JayDeerTay84
quote:
GYRO
don't forget TIME and KLIMA to stay diversified...
Posted on 10/25/21 at 4:47 pm to rocket31
Thanks
This post was edited on 10/25/21 at 5:50 pm
Posted on 10/25/21 at 4:59 pm to rocket31
It took 11 months…but I now own 1 of 21 million.
Posted on 10/25/21 at 5:15 pm to umrebel2009
ya gimme your addy
Posted on 10/25/21 at 5:16 pm to rocket31
(no message)
This post was edited on 10/25/21 at 5:20 pm
Posted on 10/25/21 at 5:19 pm to umrebel2009
sent 0.1
0x0be4Dbf5eBbAeed7CFd7eB98FaBB2766bA952646
use this for me^
0x0be4Dbf5eBbAeed7CFd7eB98FaBB2766bA952646
use this for me^
This post was edited on 10/25/21 at 5:22 pm
Posted on 10/25/21 at 5:22 pm to rocket31
Posted on 10/25/21 at 5:33 pm to rocket31
Nutz
Posted on 10/25/21 at 5:52 pm to Douglas Quaid
Meme coins have been killing it today. Cheems and Samo (dog coins of Solana) are up 300% and 100% in the past 24hrs
Posted on 10/25/21 at 5:56 pm to umrebel2009
Anybody in Mobie (MBX). Don’t know why I bought it but small bag has done well
Posted on 10/25/21 at 7:31 pm to Gpfather
quote:Whole coiners will be admired one day.
It took 11 months…but I now own 1 of 21 million.
Posted on 10/25/21 at 8:03 pm to Douglas Quaid
quote:
don't forget TIME and KLIMA to stay diversified...
I split my degenerate defi funds into GYRO and TIME. Will see how it rides.
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