I'd argue that chiefs winning superbowl was way more likely than mahomes winning MVP.

The last 5 seasons the chiefs have won their division every year and have made the playoffs. They have also made back to back super bowls the last 2 seasons, winning 1 of them.

Mahomes won the mvp in 2018, but Rodgers is the reigning MVP on his final run in Green Bay, Lamar is a former MVP coming into a strong team (unfortunately decimated by injuries), Brady is coming back from winning another SB, Derrick Henry was back to back 2,000 yard rusher and looking stronger than ever. We also had Dak coming back from an injury with a chip on his shoulder and a stacked Dallas offensive team.

IMO Mahomes MVP at +475 was wishful thinking while Chiefs winning SB was much more "realistic". Just my 2 cents. FYI I don't know anything lol

Didn't you read my post? My and BS were hoodwinked into believing that mahomes was a top 5 QB. A top 5 QB should have been a lock to win MVP with the talent mahomes has around him. Hints why me and BS are heading to the NFL headquarters to protest what we know is right.

Lol mickey

Actually take that back.

He had 1500+ and 2000+ back to back and was on pace this season for 2000+ before his injury.

Apparently you have been hoodwinked into believing he has talent around him also. Seems like a pretty clear case of the NFL spreading misinformation.

BS, do you find it even slightly ironic that you (and so many others) don't trust stocks because you "got screwed" by a company who is trying to "disrupt the industry", calls itself an anti-wall street company and whose only marketing hook is to lie/mislead people into thinking they are getting free trades.

It is also beyond confusing that you are trusting USDC to pay you 9% and you think it is somehow risk free or even low risk after what happened to you with robinhood. If you think that is a low risk investment why do you think hedge funds or mutual funds haven't started using it? Why haven't businesses started allocating some of their liquid assets in USDC? You don't think these entities would prefer a low risk 9% vs a low risk .02% in a money market account?

Mickey you would think we would have all learned our lessons from black Friday with stars and tilt locking us out over night.

I side with Rayz on this one. I think there is clearly shady **** happening in stocks, as well as crypto, but with crypto at least I feel like there is more "control", if that makes sense.

Also the yearly return of 6-8% looks like **** compared to averages from Bitcoin, Ethereum, etc.

I am much more optimistic about the future of crypto and NFTs than the future of the stock market.

I mean why would companies not transition most or all activities onto a Blockchain? Maybe not 5-10 years, but 20? 30? 40? Idk. But whoever figures it out will be ahead of the game.

You're not comparing like-for-like here though.

USDC is intended to be a stablecoin. $1 = 1 coin. So your direct comparison of holding $1M in USDC is $1M in cash. Not $1M of BTC / ETH / ADA or whatever else.

I don't think there's any accounts out there in the US paying 6-8%/year for holding cash and the fact you can earn it by holding USDC indicates there's some risk premium for doing so. Chances are that the risk is greater than what is being returned to the 'investor'.

Maybe I misunderstood what you were getting at but i'm not wholly convinced holding USDC will be an easy slam dunk $90k/year for life thing.

Is it usdc that is offering the yield or the underlying protocol where you park the usdc?

Agree that these yields will not be here for long, but these protocols are competing for assets in the short term.

Is the play to diversify into other stable coins (usdc, dai, etc.), or to diversify into different protocols?

Yeah this 9% thing will be short lived one way or the other.....maybe they are trying to drum up business with it but that seems like that's a stretch.

Whenever I see things like this 9% alarm bells start going off....guess if you weren't there for the UB/Absolute Poker fiasco it might look like just a promo.

Crazy the 9% on usdc is getting more push back than all in on mana

while there's risk in holding anything on exchanges holding USDC is about the least of all. USDC is owned by Circle Pay and audited by Grant Thornton LLP (does audits for Dept of Defense, Dept of Agriculture, Dept of Education etc). its reserves are asset backed amongst cash, corporate bonds, US treasuries, CD's, and Govt money market funds.

the risk in holding USDC on an exchange is, imo, almost equal to that of holding USD on an exchange

When hero shipped it on mana he admitting to knowing it was an extremely risky play. When hero puts 80% of his net worth on usdc and acts like he’s risk off it is his thought that he’s low risk that I have a problem with than his actual investment choices.

+1

Here is analogy of what happened: Hero essentially bought an iPhone from some random guy off Craigslist who refused to meet anywhere but a back ally and after hero realized he got screwed he starts claiming that iPhones are shady.

Robinhood is the shady Craigslist dealer fencing stolen goods - they have always intentionally mislead/lied to their customers/potential customers by saying trades are free. Hero essentially said he doesn’t want to buy an iPhone from a reputable store like Best Buy because it costs more and he’s willing to take his business to a shady company like robinhood.

The point is: don’t act like the stock market is shady. Hero choose to deal with shady characters whose marketing pitch is they are anti-wall street.

The fact is that Cryptos are insanely more “shady” than stocks. Stocks are heavily regulated and so are financial advisors who recommend them.

No, it makes no sense to me for you to say you have more control over crypto than stocks.

I don’t understand what you mean by saying your more optimistic about crypto and NFTs than stocks. You do understand that the stock market is 100% to be around in 50 years if the world is still turning, but the same can not be said about Cryptos or NFTs, right?

Shane Douglas is that really you????

How much more would this thread blow up if OP ships the main? I sincerely hope he does!!

LMAO.

And I guess the government is to be fully trusted too? You actually believe the stock market is ran legitimately?

Also if you don't think crypto and NFTs will be around in 50 years then you really need to open up your eyes and your ears. Stop shouting at the clouds in the sky boomer, the future is here to stay.

I have a heathy distrust for the federal government.

What do you think is happening in the stock market where it isn't run legitimately? If your example is robinhood you can save your time. I don't care to hear about how they are shady as anyone with a brain knew they were before the got popular and they are literally the anti-wall street brokerage.

I didn't say crypto or NFTs won't be around in 50 years. I said the stock market is 100% to be around in 50 years and crypto/NFTs aren't because you said "I am much more optimistic about the future of crypto and NFTs than the future of the stock market." When I read that I was thinking you were suggesting the stock market isn't in the future so I was just pointing out the obvious that there is a non 0% chance crpyto and NFTs aren't relevant in 50 years and that can not be said about the stock market.

Why do we keep hearing talks about BS being in the Main if he isn't vaccinated?

Rayz where is that 9% rate being offered for USD coin? On coinbase its only like 0.15% APY, seems like a pretty huge gap in rates.

I agree with those saying that its sus to assume 9% as a fixed/guaranteed/safe stable rate, especially over the long run. If it legit works like that and is completely guaranteed, I think it sounds like a good move. But it sounds a bit too optimistic imrho

meaning absolutely no disrespect to anybody but the amount of boomer finance that's going on here is funny.

exchanges offer high yield on BTC and stable coins because those are the two most common modes of transactions in crypto and they're fighting for your business. all other interest is from proof of stake.

they pay for that yield because they are exchanges who charge you to trade there. they view the cost of interest on BTC and stables as promotion. when BS sold 280k shares of MANA he sold them on a spread. lets say the average price at time of sale was $3. voyager (where he did the sale) usually has a spread for MANA of about $0.06 per coin so he sold for $2.97 to a person who payed $3.03 and voyager pocketed ~$17k for the transaction.

literally every crypto exchange offers between 6% to 12% on USDC. that is subject to change at any time but as of right now that's the market rate. coinbase is the exception. they were going to up their rate's this past summer to be competitive but when they talked to the SEC about it the SEC said you're a publicly traded company, you're probably gonna have to litigate with us in court on weather stable coins are a security or not and coinbase said no thanks (to date nobody has done this so its still a grey area wrt being a security).

https://www.cnbc.com/2021/09/20/coin...runs-high.html

I'm not saying that 9% interest on USDC at voyager is going to last past the new year (currently rates on BTC, ETH, and USDC are guaranteed till then on voyager). what I am saying is that USDC is safe to hold on an exchange if you view holding anything on an exchange as safe. this isn't like defi where you're offered 59,000% APY on a random shitcoin that's existed for 3 weeks and then get rug pulled. this is directly correlated to your comfort with the exchange itself.

But crypto is a scam. Don't you remember the tulips from the year 1535 or whatever the ****

ok i didn't know this. Was just basing my skepticism off of coinbase's APY being closer to 0% for USD coin. That makes sense though with them being a publicly traded company now.

as a side not, BS, if you were inclined to keep the USDC for the next two months while the 9% is guaranteed you could probably do another little flip.

voyager offers an interest boost for holding their native coin VGX. if you hold 500 of them you'll get an extra half a % in interest on BTC/ETH/USDC. its trading for about $2.5 a coin right now so 500 of them would cost you ~$1250. that would generate you an extra ~$660 dollars over the next two months on your USDC position effectively lowering your VGX cost in half. assuming you don't think VGX will drop below ~$1.25 in the next two months it'll make you some peanuts. I know this is small change to a baller like you, just something to think about, though.

edit: the VGX will generate you 7% as well