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re: Official CryptoTalk Thread

Posted on 12/17/21 at 10:43 am to
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 12/17/21 at 10:43 am to
quote:

I put a little money in $SCOPE, but its utility still isn't clear to me. The MC and project utility were enticing though.


Scope is the currency for their platform Creatstep. It's how you will pay professionals.
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 12/17/21 at 10:50 am to
the deflationary tokenomics of luna are really appealing. basically, the more demand UST (a stablecoin) the more valuable luna becomes

among other things, its a bet that people will continue to stake UST for ~20% yield
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 12/17/21 at 10:53 am to
quote:

Possibly go all in on SOL?


ive been a huge SOL bull all year but dont do this


matic, luna are probably my favorite plays right now and yea the UST 20% yield is pretty appealing for risk off
Posted by LordSaintly
Member since Dec 2005
42394 posts
Posted on 12/17/21 at 12:44 pm to
quote:

Scope is the currency for their platform Creatstep. It's how you will pay professionals.



Thanks. The potential here is great if the team delivers.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 12/17/21 at 3:16 pm to
quote:

matic, luna are probably my favorite plays right now and yea the UST 20% yield is pretty appealing for risk off


I don't know enough about Luna, but I agree with Matic outpacing others next year. I'm following another L2 that I'll bring to the board when it's time. They haven't released a token yet and are still on test net.

You guys keep saying tidbits about Luna, but I still don't understand. Is it BNB with 2 the token smart contract platform except one of the tokens is a stable coin?
This post was edited on 12/17/21 at 3:22 pm
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 12/17/21 at 3:25 pm to
quote:

Thanks. The potential here is great if the team delivers.



Agreed. They let some of us on telegram into their website with the developer log in info. It's all legit and close to being live. They say Q1, but it looks ready to me.



Anyone in VLX? I'm curious as to the thoughts on it.
Posted by WhoDat9090
Member since Oct 2019
1687 posts
Posted on 12/17/21 at 3:48 pm to
Y’all should look into Contentos. Very cheap and has a lot of good stuff going on.
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 12/17/21 at 4:21 pm to
So it’s like time? Chronotech

They have a part time contract system setup to hire and pay people with time (not the ohm fork)

I accidentally bought some, looked into it and like it. Been in operation a few years

LINK to chrono tech site
This post was edited on 12/17/21 at 4:23 pm
Posted by Pierre
Baton Rouge
Member since Nov 2005
5422 posts
Posted on 12/17/21 at 4:22 pm to
quote:

Y’all should look into Contentos
quote:

Y’all should look into Contentos


Serious question, where do I look? Are there highly reputed blogs out there where I can learn about alt coins and use cases?

It seems like there are millions of blogs or twatter feeds, but a lot of them seem biased and pumpish. Looking for unbiased info that describes a coin in a similar fashion as a stock.
Posted by Billy Blanks
Member since Dec 2021
4998 posts
Posted on 12/17/21 at 4:25 pm to
By the time something hits in Coinbase, is it too late?
Posted by WhoDat9090
Member since Oct 2019
1687 posts
Posted on 12/17/21 at 4:35 pm to
Amongst all the biased pumping on twitter and reddit you can find real news about it also.

Here’s an article about it LINK

Contentos was recently added to binance, has been on Crypto.com. It hasn’t been added on coinbase yet.
Posted by WhoDat9090
Member since Oct 2019
1687 posts
Posted on 12/17/21 at 4:44 pm to
quote:

By the time something hits in Coinbase, is it too late?


If something is pumping on the news of getting added to coinbase from what I’ve noticed is it actually goes down after being added. So if you are trying to get a quick flip I wouldn’t recommend doing it on something that has just been added to coinbase.

But for mid to long term gains no definitely not too late after being added to coinbase
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 12/17/21 at 6:29 pm to
quote:

it’s like time? Chronotech


There are some similarities, but a ton of differences. I'll get a video for you guys of the platform.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 12/17/21 at 10:08 pm to
Video of the platform Creatstep. Scope is the token for it.

Twitter
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61865 posts
Posted on 12/18/21 at 8:09 am to
quote:

the deflationary tokenomics of luna are really appealing. basically, the more demand UST (a stablecoin) the more valuable luna becomes

among other things, its a bet that people will continue to stake UST for ~20% yield
pretty much this. And there’s tons of protocols/dApps coming online in the next few months/year on terra that’ll drive more UST adoption. The goal is to make UST the biggest stable and use it in your day to day life in place of fiat currency.
Posted by LSUJuice
Back in Houston
Member since Apr 2004
18017 posts
Posted on 12/18/21 at 10:15 am to
quote:

pretty much this. And there’s tons of protocols/dApps coming online in the next few months/year on terra that’ll drive more UST adoption. The goal is to make UST the biggest stable and use it in your day to day life in place of fiat currency.

Thanks. I'm starting to look into this more. Wish I had last year. My goal this year is to plan and research better, then be more disciplined and stick to it.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 12/18/21 at 10:26 am to
people are already buying groceries with ust in some places in the orient. if anchor/mirror can handle a downturn and they can release an INTL capable visa atm card its game over. I think that is the prize everyone is chasing.

Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61865 posts
Posted on 12/18/21 at 10:51 am to
Yeah chai has millions of users in Korea. Kash.io has checking accounts and savings accounts using anchor to get 19-20% interest and they have a debit card coming soon. I think they’re working with MasterCard. Alice is another one that’ll be similar to Venmo, but you’ll make 19-20% on the ust you have there.
Posted by down time
space
Member since Oct 2013
1914 posts
Posted on 12/18/21 at 11:52 am to
Mastercard will also work. Would you trust magic internet money $MIM with your ust looping back into anchor w/degenbox? I'm scared mim may do the ultimate magic trick and vanish.

Looking for safe ways to leverage my ust. Probably go the aust into mirror route.

Matic has a usdc lp paying a percent or two higher than anchor.
This post was edited on 12/18/21 at 12:50 pm
Posted by OneMoreTime
Florida Gulf Coast Fan
Member since Dec 2008
61865 posts
Posted on 12/18/21 at 1:49 pm to
quote:

Would you trust magic internet money $MIM with your ust looping back into anchor w/degenbox? I'm scared mim may do the ultimate magic trick and vanish.

I haven’t looked into it enough to recommend either way, but I’ve seen do kwon (cofounder of terra) tweet about it a good bit and I know he bought a few mill of Spell, so that makes me feel a little ok about it. I’ve been meaning to look into this for a while, so I’ll try to this weekend.

quote:

Looking for safe ways to leverage my ust. Probably go the aust into mirror route.
I did some of this a while back and one thing you have to be wary of is that when you mint an asset using aust, you’re technically shorting it. So as the value of that asset goes up, your collateral ratio rises to where you could potentially get liquidated if it rises enough. It’s not an issue if you’re just holding the asset, but if you’re doing degen shite like putting that asset in an LP, it could get you in a bind.
This post was edited on 12/18/21 at 2:02 pm
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