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Posted on 12/26/21 at 4:33 pm to Nonetheless
quote:
chainlink moving, finally
Crash incoming
Posted on 12/26/21 at 4:41 pm to down time
interesting article. the real meta is to determine if L2s/side chains siphon capital away from eth or from L1s?
Matic seems to be giving us hints but we're early
Matic seems to be giving us hints but we're early
Posted on 12/26/21 at 5:24 pm to rocket31
i'm not sure but i'm moving a 1/4 slice of my matic into some small coins for this week, i love quickswap, uniswap/eth is so fked. that was a good article, active traders who moved stacks to align with the weekly narratives totally crushed it this year. dont sleep on gamefi narrative.
This post was edited on 12/26/21 at 5:37 pm
Posted on 12/26/21 at 5:35 pm to rocket31
quote:
if L2s/side chains siphon capital away from eth or from L1s?
It 100% is doing exactly that right now.
ETH, BNB, SOL are all up very little recently, relative to the smaller smart contract platforms.
Posted on 12/26/21 at 5:37 pm to down time
quote:
i'm not sure but i'm moving a 1/4 slice of my matic into some small coins for this week
Go to scopecoin.finance and watch the video of the platform. You wont find a safer play with a market cap under $1M. The entire team is doxed and semi famous people. They are all set to promote the platform next quarter post release. Their semi famous friends are set to promote it with them also.
Posted on 12/26/21 at 5:53 pm to tenderfoot tigah
The devs pinned the Creatstep website, so I figured I could finally share it here. It's supposed to be released next quarter. Scope is the currency for this website.
Creatstep platform development so far
LINK
username: creatstep
password: create0x
Creatstep platform development so far
LINK
username: creatstep
password: create0x
Posted on 12/26/21 at 5:56 pm to tenderfoot tigah
Santa Floki is up 5000x since yesterday when Elon Musk tweeted about it. This is what crypto is all about!
Posted on 12/26/21 at 6:16 pm to tenderfoot tigah
Can you shill any harder? I don't think anyone heard you the first time.
Posted on 12/26/21 at 6:18 pm to BottomlandBrew
Different website. That was the scope website. This is the unreleased Creatstep website. I'll create my own thread. Sorry, I figured people were following and also up 14x the past 3 weeks.
Posted on 12/26/21 at 6:23 pm to rocket31
quote:
if L2s/side chains siphon capital away from eth or from L1s
I think general purpose zkRollups will siphon TVL from other sidechains and L1s.
I expect most defi TVL to move from L1 ETH to L2s. Because it's all settled on Ethereum in the end and these L2s use ETH for gas, I don't expect this to kill the price of ETH. I believe once ETH goes PoS, ETH will be deflationary and ETH staking pool APR will increase to ~10-15%, driving more and more ETH to be staked while also being deflationary, so ETH becomes a solid store of value and constant pressure to drive the price up over time.
Obviously I'm a big bull, and have most of my portfolio in ETH so very easily biased.
Posted on 12/26/21 at 8:21 pm to Hulkklogan
hmm.. im thinking value goes to exchange layers first (L2s) then settlement layer eventually (eth).
i also just watched over an hour of michael saylor saying everything defi etc will be banned/regulated as a security
LINK
generally like his interviews but this one left me with a negative opinion of him. like hes trying to squash all innovation happening elsewhere
i also just watched over an hour of michael saylor saying everything defi etc will be banned/regulated as a security
LINK
generally like his interviews but this one left me with a negative opinion of him. like hes trying to squash all innovation happening elsewhere
This post was edited on 12/26/21 at 8:44 pm
Posted on 12/26/21 at 8:44 pm to rocket31
quote:
im thinking value goes to exchange layers first (L2s) then settlement layer eventually (eth).
The economic activity is obviously on the L2, but ultimately on actual L2s the transactions are not settled until they're confirmed on Ethereum, so the value on the Ethereum network (and Ether the asset) is still there. Just all of the DEXs and such will be on L2s, which take a small cut for transaction fees.
These L2s will make tokens, but they'll governance tokens and not to be used as gas.
This obviously doesn't apply to sidechains, which may or may not checkpoint back to Ethereum (like Polygon)
This post was edited on 12/26/21 at 8:49 pm
Posted on 12/26/21 at 8:52 pm to Hulkklogan
zkSync airdrop is inevitable. I would set up for it now.
Posted on 12/26/21 at 9:28 pm to Odinson
quote:
zkSync airdrop is inevitable. I would set up for it now.
It'd be nice if I knew how to qualify for it
Posted on 12/26/21 at 9:33 pm to Hulkklogan
quote:
These L2s will make tokens, but they'll governance tokens and not to be used as gas.
naa. a question to ask is, if you're building a really great execution layer, why would you let a dinosaur capture all your value?
no one in their right mind would do that. just watch
Posted on 12/26/21 at 9:47 pm to rocket31
Security. These L2s depend upon the layer 1 protocol for network security entirely and inherently have none of their own. They can't just flip a switch and use their own token for gas without changing how their own chain and protocol fundamentally operate.
Posted on 12/26/21 at 9:55 pm to Hulkklogan
rollups/zks inherit security of L1 as long as someone is keeping track
so the decentralization meme goes out the window
basically what youre suggesting is that L2 tokens are fine as long as you never need to touch them to use the L2
so the "decentralization maxis" are rekt with this solution
worst case scenario here is that with an L2 there exists a set of keys not your own that can spend your coin
that’s not true in an L1 and im unsure if institutions will wanna take that risk.
so the decentralization meme goes out the window
basically what youre suggesting is that L2 tokens are fine as long as you never need to touch them to use the L2
so the "decentralization maxis" are rekt with this solution
worst case scenario here is that with an L2 there exists a set of keys not your own that can spend your coin
that’s not true in an L1 and im unsure if institutions will wanna take that risk.
This post was edited on 12/26/21 at 9:59 pm
Posted on 12/26/21 at 10:03 pm to rocket31
quote:I see this as a semi decent chance of happening. The SEC already dropping securities classification hints. If there was ever a space the big banks wanted to flex their international power to squash, it would be the Defi space through government regulation.
i also just watched over an hour of michael saylor saying everything defi etc will be banned/regulated as a security
Posted on 12/26/21 at 10:12 pm to TigerTatorTots
maybe. he seems 100% confident bitcoin is safe in that scenario
although, its weird if we think back to this year how they tried to squash bitcoin with the ESG crap. remember that? then that narrative all went away. it might have slowed BTC adoption a bit, but alts just kept on running
then last month they brought in hillary to say that bitcoin might collapse govts? what the hell was that all about?
i do think they are potentially setting up bitcoin to be the scapegoat if/when the economy collapses. that could be just me over thinking all possible scenarios though
although, its weird if we think back to this year how they tried to squash bitcoin with the ESG crap. remember that? then that narrative all went away. it might have slowed BTC adoption a bit, but alts just kept on running
then last month they brought in hillary to say that bitcoin might collapse govts? what the hell was that all about?
i do think they are potentially setting up bitcoin to be the scapegoat if/when the economy collapses. that could be just me over thinking all possible scenarios though
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