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re: Official CryptoTalk Thread

Posted on 11/24/23 at 7:06 pm to
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 11/24/23 at 7:06 pm to
quote:

I thought we all learned the yield products are non sustainable and the majority of them are propped up as ponzis? Sure Coinbase is as legit as they come but how anyone would trust a yield product given what we saw in 2022 is insane.



I get that, hence why I unstaked and I'm dumping ATOM soon, but USDC is pretty liquid is it not?
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81712 posts
Posted on 11/24/23 at 7:21 pm to
quote:

Explain to me why I would lock up my money in a CD? Give a serious answer or frick yourself.

I agree don't lock up your money.

Get 5+% via cash in a Vanguard MM fund over going for 5% in USDC yield IMO
Posted by TigerDeBaiter
Member since Dec 2010
10485 posts
Posted on 11/25/23 at 1:59 am to
quote:

How safe is USDC on Coinbase? The reason I ask is because I'm considering moving my emergency fund out of traditional savings account which isn't yielded shite and converting to USDC.


Nobody can accurately answer how “safe” it is. But please, for the love of god, do not put your savings in a stable coin.
Posted by Vols&Shaft83
Throbbing Member
Member since Dec 2012
70096 posts
Posted on 11/25/23 at 6:53 am to
quote:

I agree don't lock up your money.

Get 5+% via cash in a Vanguard MM fund over going for 5% in USDC yield IMO


That's practical advice, thank you. Didn't realize realize Vanguard MM was paying out like that.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 11/25/23 at 9:09 am to
quote:

How safe is USDC on Coinbase? The reason I ask is because I'm considering moving my emergency fund out of traditional savings account which isn't yielded shite and converting to USDC.
quote:

Nobody can accurately answer how “safe” it is. But please, for the love of god, do not put your savings in a stable coin.

You are guaranteed to loose since it's directly tied to the buying power of the dollar... which creeps lower everyday.

The Parable of the Talents:

The third servant, however, had merely hidden his talent, burying it in the ground, and was punished by his master:

Then he which had received the one talent came and said, Lord, I knew thee that thou art a hard man, reaping where thou hast not sown, and gathering where thou hast not strawed: And I was afraid, and went and hid thy talent in the earth: lo, there thou hast that is thine. His lord answered and said unto him, Thou wicked and slothful servant, thou knewest that I reap where I sowed not, and gather where I have not strawed: Thou oughtest therefore to have put my money to the exchangers and then at my coming I should have received mine own with usury. Take therefore the talent from him, and give it unto him which hath ten talents. For unto every one that hath shall be given, and he shall have abundance: but from him, that hath not shall be taken away even that which he hath. And cast ye the unprofitable servant into outer darkness: there shall be weeping and gnashing of teeth.

— Matthew 25:24–30
This post was edited on 11/25/23 at 9:15 am
Posted by CE Tiger
Metairie
Member since Jan 2008
41786 posts
Posted on 11/26/23 at 12:10 am to
There’s tons of Bitcoin clones… doesn’t mean they should be worth anywhere close to Bitcoin. Litecoin has zero reason to exist other than to be like Bitcoin.
Posted by CE Tiger
Metairie
Member since Jan 2008
41786 posts
Posted on 11/26/23 at 1:36 pm to
Chainlink has nothing to do with Bitcoin other than being a cryptocurrency my dude.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
81712 posts
Posted on 11/26/23 at 1:48 pm to
quote:

yet you hold 10k or more
you probably off by a factor of 20
Posted by CE Tiger
Metairie
Member since Jan 2008
41786 posts
Posted on 11/26/23 at 3:26 pm to
$10k usd or coins? FTX and voyager got me good
Posted by CE Tiger
Metairie
Member since Jan 2008
41786 posts
Posted on 11/26/23 at 3:29 pm to
quote:

there’s a hundred other coins that serve the same function as chainlink. I know it’s not like litecoin, I’ve been in this game as long as you trust me.


Oracle Network
Cross Chain Interoperability Protocol
Proof of Reserve
Chainlink Functions
Off Chain Computions
Universal Gas

Yea I don’t think you know what your talking about when it comes to Chainlink regardless how long you been in the game
This post was edited on 11/26/23 at 3:29 pm
Posted by I Love Bama
Alabama
Member since Nov 2007
38311 posts
Posted on 11/26/23 at 5:12 pm to
One of the best Bitcoin videos I have ever seen. Worth the watch.

LINK
Posted by DeathValley85
Member since May 2011
18051 posts
Posted on 11/27/23 at 1:48 pm to
quote:

I’m saying there’s a hundred other coins that serve the same function as chainlink.


no
Posted by trilltiger
LA
Member since Nov 2007
2685 posts
Posted on 11/28/23 at 12:20 pm to
I found a cool puzzle with a lucrative prize attached.
1 million Hex on PulseChain is the reward.



https://twitter.com/ecobuildr/status/1729480760783233408?s=46&t=TYzWT82vttIoByDm0kzXUw
Posted by CE Tiger
Metairie
Member since Jan 2008
41786 posts
Posted on 11/28/23 at 12:33 pm to
Happy Chainlink Staking migration day. Eth gas is stupid high right now
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 11/28/23 at 11:28 pm to
Seems like they should move off of eth
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 11/30/23 at 3:33 pm to
What crypto tokens actually have a tangible product attached to their business model? What are a few examples?
This post was edited on 11/30/23 at 3:35 pm
Posted by 21JumpStreet
Member since Jul 2012
14774 posts
Posted on 11/30/23 at 5:46 pm to
Being tangible would be moving backwards
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11230 posts
Posted on 11/30/23 at 6:48 pm to
quote:

What crypto tokens actually have a tangible product attached to their business model? What are a few examples?


Is a bank and ALL of it's services considered a tangible product? Are digital auction houses, casinos, games with in game currency, exchanges, and many other things all considered tangible products or does it have to be tangible like a can of beans?
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11230 posts
Posted on 11/30/23 at 6:51 pm to
Stuff like this exists for hundreds of large every day businesses like Home Depot or AMC.

Pay with cryptocurrency at AMC Theatres. Visit AMC Theatres online and choose ‘BitPay’ as your payment method at checkout. Payments are made directly from your crypto wallet using Bitcoin, Ethereum, Litecoin and other popular cryptocurrencies. AMC Theatres accepts crypto from over 100 different wallets.

Bitpay
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22628 posts
Posted on 11/30/23 at 7:19 pm to
quote:

Is a bank and ALL of it's services considered a tangible product? Are digital auction houses, casinos, games with in game currency, exchanges, and many other things all considered tangible products or does it have to be tangible like a can of beans?

I'm referring to the underlying token minter/issuer itself. For example, are there any that let you buy equipment that offer a service or produce marketable data and pay you in their crypto tokens in exchange for doing so?
This post was edited on 11/30/23 at 8:39 pm
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