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BSV mystery buyer doubles market cap

  • #221
  • Jun 22, 2021 4:24am Jun 22, 2021 4:24am
Insane selling pressure on BSV

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  • #222
  • Jun 22, 2021 4:27am Jun 22, 2021 4:27am
Quoting cryptocow
{quote} OK, so you are building a blockchain-based chat app. The app is currently powered by Credits, but you are hoping to utilize the BSV network for images on the chat app. I can see this adding real value and utility to the BSV network.
I have altered the text and will change it today again based on your findings! It’s hard finding a balance in communications to attract new crypto users (only looking for $$$) and OG investors who are looking for solid projects.

Quoting cryptocow
{quote} and images of a money-grabbing scam bear in a space suit.
Now you’re crossing a line, naming our mascotte a money-grabbing scam bear
  • #223
  • Jun 22, 2021 4:30am Jun 22, 2021 4:30am
Quoting Goat
{quote} I feel like I have. But there's a razor-thin line between a quack and a visionary. Money is the jury, so we'll see what she says.
For what it’s worth, you won’t be the only quack in this case, only the biggest one of the group. You’re our quack-leader
  • #224
  • Jun 22, 2021 9:04am Jun 22, 2021 9:04am
Quoting Goat
Picked up another thousand coins and that's it for me! Altogether I have over 17K BSV. I didn't mine a single one of them, and I make that distinction because I doubt there's more than 20 investors who bought such a large position in the open market. I'm aware that my documentation of this trade may one day serve as my public guillotine, but I prefer that fate to a life of delusion.
What's your experience with the BSV transaction time and costs? Super-quick and cheap?
  • #225
  • Jun 22, 2021 9:24am Jun 22, 2021 9:24am
Quoting Goat
{quote} Maybe you can mansplain me why someone would want all of their coins at the same address.
If you want to show up in the Rich List.

If you want to use a simple paper wallet.
  • #226
  • Jun 22, 2021 9:32am Jun 22, 2021 9:32am
Quoting Goat
{quote} How are you able to simultaneously identify a ponzi scheme while investing in dEfi?!?
DeFi isn't a Ponzi. It's just an easy way for Ponzis to operate.

DeFi is kinda like a gun. A gun is not murder, it's just an easy way for a person to commit murder.
  • #227
  • Jun 22, 2021 9:33am Jun 22, 2021 9:33am
Quoting ART85
Now you’re crossing a line, naming our mascotte a money-grabbing scam bear
  • #228
  • Jun 22, 2021 10:41am Jun 22, 2021 10:41am
Whats a Ponzi? or do you mean Fonzie?






♫Sunday, Monday, Happy Days, Tuesday, Wednesday... no longer want to type all the days♫
  • #229
  • Jun 22, 2021 11:28am Jun 22, 2021 11:28am
Quoting cryptocow
{quote} DeFi isn't a Ponzi. It's just an easy way for Ponzis to operate.
Unlike a gun, dEfI isn't even a real thing. Decentralized finance? Not even BTC itself is truly decentralized -- there's less than ten mining operations running the whole show.

As far as I can tell DEfI is a buzzword invented by crypto hopefuls who never studied economics. Their naivete is being exploited by scammers, which is basically the state of the whole crypto industry.

What's the legit part of dEFi that I'm missing?
  • #230
  • Edited 4:04pm Jun 22, 2021 11:34am | Edited 4:04pm
Quoting cryptocow
{quote} If you want to show up in the Rich List. If you want to use a simple paper wallet.
I used a paper wallet for my BTC stash and it was stressful as hell when I had to move it to a software wallet. Hardware wallets (with proper backup) are just as safe and a lot more flexible.
  • #231
  • Jun 22, 2021 12:55pm Jun 22, 2021 12:55pm
Quoting Goat
{quote} Unlike a gun, dEfI isn't even a real thing. Decentralized finance? Not even BTC itself is truly decentralized -- there's less than ten mining operations running the whole show. As far as I can tell DEfI is a buzzword invented by crypto hopefuls who never studied economics. Their naivete is being exploited by scammers, which is basically the state of the whole crypto industry. What's the legit part of dEFi that I'm missing?
On May 19, 2021 you could not buy or sell ETH on centralized platforms like Coinbase, Gemini, or Kraken. However, you could buy and sell ETH on DeFi platforms like Uniswap. [1]

Is this not real?

[1] https://decrypt.co/71431/coinbase-bi...ized-exchanges
  • #232
  • Jun 22, 2021 1:08pm Jun 22, 2021 1:08pm
Quoting Goat
{quote} I used a paper wallet for my BTC stash and it was stressful as hell when I had to move it to a wallet.
It was stressful moving BTC from a wallet to a wallet, eh.

Quoting Goat
Hardware wallets (with proper backup) are just as safe and a lot more flexible.
I agree, but some paranoid people don't: https://estudiobitcoin.com/do-you-tr...e-it-yourself/
  • #233
  • Jun 22, 2021 2:12pm Jun 22, 2021 2:12pm
Quoting cryptocow
I agree, but some paranoid people don't: https://estudiobitcoin.com/do-you-tr...e-it-yourself/
That's basically how the Winklevi did it. They used dice rather than coins to determine the private key and then cut the private key up and stored multiple copies in safe deposit boxes across the country.
If you like my post throw me a Doge: D85YHaQ6nQTp4oT13sHoAZbETn3sADVnF8
  • #234
  • Jun 22, 2021 2:35pm Jun 22, 2021 2:35pm
Quoting g-force
{quote} That's basically how the Winklevi did it.
Two heads are better than one.
  • #235
  • Jun 22, 2021 4:03pm Jun 22, 2021 4:03pm
Quoting cryptocow
It was stressful moving BTC from a wallet to a wallet, eh.
Yeah but it was paper wallet to software wallet, and I had to fork the BCH and BSV. I lost a few good coins in that battle.

Quoting cryptocow
I agree, but some paranoid people don't: https://estudiobitcoin.com/do-you-tr...e-it-yourself/
That's way over my head but I get the gist: don't trust the software.

In my current setup I'm trusting a software wallet and a hardware wallet. That might be reason enough to get into cold storage.
  • #236
  • Jun 22, 2021 4:16pm Jun 22, 2021 4:16pm
Quoting cryptocow
{quote} On May 19, 2021 you could not buy or sell ETH on centralized platforms like Coinbase, Gemini, or Kraken. However, you could buy and sell ETH on DeFi platforms like Uniswap. [1] Is this not real? [1] https://decrypt.co/71431/coinbase-bi...ized-exchanges
This is where the vocab gets in the way. Traditionally Coinbase would be considered an OTC broker, not a "centralized platform."

Help me understand the new terminology. What makes Coinbase a "centralized platform", and what makes buying coins on Uniswap different?
  • #237
  • Edited 7:13pm Jun 22, 2021 6:27pm | Edited 7:13pm
Great interview with a guy who was with Craig Wright during the invention of Bitcoin. It's the inside story of Bitcoin's creation and it's freaking hilarious.

Inserted Video
  • #238
  • Jun 22, 2021 10:45pm Jun 22, 2021 10:45pm
Quoting Goat
{quote} This is where the vocab gets in the way. Traditionally Coinbase would be considered an OTC broker, not a "centralized platform." Help me understand the new terminology. What makes Coinbase a "centralized platform", and what makes buying coins on Uniswap different?
Coinbaise Pro is the centralized platform, like most crypto exchanges.
  • #239
  • Jun 23, 2021 8:53am Jun 23, 2021 8:53am
Quoting Goat
What makes Coinbase a "centralized platform"
Coinbase is centralized because:

  1. The coinbase.com web site runs on web servers operated by Coinbase Global, Inc.
  2. Coinbase Global, Inc. decides what cryptocurrencies to list on their platform.
  3. If every employee of Coinbase Global, Inc. dropped dead tomorrow Coinbase would probably stop operating very soon afterwards.
  4. Coinbase Global, Inc. receives 100% of the trade commissions.

Uniswap is decentralized because:

  1. "Uniswap is a protocol on Ethereum"; it does not run on servers operated by Uniswap Labs [1]
  2. Anyone with $100 in ETH "can list a token independently and make it available for others to trade" on the Uniswap platform. [2]
  3. If every Uniswap Labs employee dropped dead tomorrow Uniswap would continue to operate just fine. The uniswap.org website would go down, but Uniswap itself would continue to operate.
  4. Uniswap liquidity providers (anyone with the right cryptocurrencies can become a Uniswap liquidity provider) receive 100% of the trade commissions; they "are offered a proportional split of the transaction fee from all existing trades." [3]

[1] https://decrypt.co/resources/what-is-uniswap
[2] https://coinguides.org/uniswap-adding-tokens/
[3] https://hackernoon.com/the-5-most-lu...-2020-d41b3z19

  • #240
  • Jun 23, 2021 1:08pm Jun 23, 2021 1:08pm
Quoting Goat
what makes buying coins on Uniswap different?
A non-exhaustive list of differences:

  1. There is "no need for KYC." [1]
  2. You can only trade ERC-20 tokens. [2]
  3. You have to "watch out for slippage." [3]
  4. "There is no orderbook." [4] "Instead, Uniswap pools everyone’s liquidity together and makes markets according to a deterministic algorithm." [5]

[1] https://coinsutra.com/how-to-use-uniswap/
[2] https://uniswap.org/faq/
[3] https://dexenetwork.medium.com/what-...e-43e32d712651
[4] https://uniswap.org/faq/
[5] https://medium.com/scalar-capital/un...e-f4ef44f807bf

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