I actually kind of disagree with this .
In the sense that having a currency that do not lose value overtime would mean that an hour work 30 years ago would still have the same value today (if not more ) without being penalized by the lack of investment knowledge.
So no one gets penalize , it give some kind of « recognition » of the previous work done by older generation .

Obviously it would not help close the gap of wealth inequality but it would certainly help to slow its increase at a minimum .

Now is it applicable and practical to have currency (by default human capital -> labour ) being worth more than actual physical and financial assets ?
That is another viewpoint imo .

Wealth inequality will always exist. It will always follow pareto law (~80/20 or ~95/5). This is just a natural law which is impossible to escape. Luckily the wealth created by the top entrepeneurs benefit everyone, so general wealth tends to increase over time.

behold tether truthers

If crypto ever reaches its potential, is will clearly be untrue.

I suppose this is true as long wealth creation are done through the real economy and not through the financial economy and financial assets , like today .

1) Bitcoin 60%
2) Wrapped BTC 10%
3) L-BTC 10%
4) RSK Bitcoin 10%
5) GBTC 10%

The only thing that you did right here is to put BTC at the top.

1) Bitcoin - 40%
2) Ethereum - 20%
3) Cardano - 20%
4) Chainlink - 10%
5) Solana - 10%

I agree with TomCollins, but if you're looking for a different answer you should post it here instead: Virtual Currency - Alt Coin Discussion Thread

I watched that too, overall a pretty good conversation.

While there is a small argument for a few alts having the ability to diverge…it’s mostly BTC and all the other crypto just correlates.

In other words, I think that you are basing this on the wrong end of the spectrum.

For the time being, ETH — and by extension all the other alts, are like silver. And BTC is like gold. In other words they are just higher beta plays in the space.

If one has a trade with a target and time horizon in mind plenty of the alts can be useful. But there is very little that I’d like to hold long term other than BTC. Which just had a 50% retracement…

This is much better…but I like an 80:20 fractal. So 80% BTC, 20% other. Of that 20%, 80% EHT, 20% other…etc.

^that allocation is designed to capture the higher momentum capabilities of the alt's in relation to BTC, but everything is correlated to eventually stacking more satoshi's.

It takes MUCH MORE liquidity to move the largest Crypto in the space than it does those of lessor total capitalization, so they can move more and more easily.

All those protocols are big cap and less prone to volatility of lesser 'pump' tokens.

Did anyone watch the conference?

I believe that Housenits and I did (left in there bc it’s a funny typo <3).

Finally got my BlockFi credit card last week! Looking forward to stacking some extra sats with that.

I was finally ready to move some BTC over there to collect interest on and decided I don't wanna do that for a few reasons.

- Rates are much lower than they were
- Issues they had with overpayment on crypto rewards
- Potential legal issues
- The final straw for me was their whole authentication system is very buggy/unreliable and I've ran into a lot of other weird UI/UX issues on their site.

It seems like they've just grown too fast too quick and don't have it together. I know a lot of people have always disliked them, but I've been a fan for a while and respect what they're trying to do. I am, however not willing to trust them with my private keys anytime soon, especially with APR rates currently so low.

So Tether USD (ERC20) is the same as Tether, right? I've only ever held and or traded bitcoin but multiple networks I play poker on also have Tether listed as a deposit/withdrawal option. Does anyone here have any experience ever making transactions with Tether?

The recommended wallet I find online for these transactions is MyEtherWallet. Is that a reasonably safe wallet to test out a transaction with this method?

If you download the fold app and link your cc to it you can buy gift cards and get more btc that way. I mostly use it to buy amazon gift cards.

That is tether. I’ve done transactions with it using MEW. Prob best to discuss this in the Ethereum thread.

Newbie here in the crypto world, thoughts and general feelings about Cardano at $1.15 currently trading.

depends if you like a 36b valuation combined with 0 ability to ship a product. but take it to the alt coin thread

It was risky with higher rates and before they paid some guy 700 BTC and let him withdraw it. Now it's lower rates and they've shown to be completely incompetent. It's a no brainer to not deal with them. WTF kind of system allows a 700 BTC payout and withdrawal of it.

Also, I never heard anything of that guy paying the money back. Shipping back $500 or $5k is a no brainer. Shipping back $22 mil becomes a bit of a dilemma to many.

If you go this route, I'd strongly recommend avoiding holding USDT for any longer than you absolutely have to to complete your transactions. Their reserves are extremely questionable and they are operating with significant legal exposure.

Ugh

Spiked to 38k, ~3k in the last hour.