Thanks, I will look into that.

Those drawings of people kind of freak me out ngl.

Since Ethereum is taxed as capital gains does this destroy its long term value? Will congress change its laws?

They spread lies and misinformation about competing projects and constantly disparage anyone who disagrees with them. They do this in front of their massive audience and have created a company culture around this.

Things like this are desperate and pathetic. Repeated comparisons and further doubling down on comparison of Vitalik to Elizabeth Holmes and Ethereum to Theranos. Why do you think they talk 100x more often about Ethereum than they do about actual scams like Ripple?



Regarding your other points, which were mostly well-taken, I'd argue their influence is mostly social / in Bitcoin's informal governance.

Also clear Blockstream-aligned parties use social media bots as well so I don't really care that the anti-Blockstream people do as well. I see it all (well, minus the countless AI-generated shills I block) and make my own decisions. Never really followed reddit though, mostly talk crypto privately/in groups of people I collaborate with.

wat? all stonks long term value destroyed because of capital gains?

There's an existing bill exempting any crypto transaction up to $200 from taxation: https://www.congress.gov/bill/116th-.../5635/all-info

As crypto gets more adoption and more proponents I feel a bill like that getting passed will be inevitable. Eventually we'll be able to spend BTC like USD without worrying about tax implications. Just might take awhile. Same with an ETF.

I think he means creating a taxable event any time you use eth as gas etc

Blockchain is down. How often does this happen?

Yea, newb alert: I'd like some help on this.

I moved coins there and thought it was a stable platform (had my account there from poker related transactions years ago) but I am learning different and now this happens.

Is my coin about to vanish? Can I somehow transact/move this with my back up phrase without being able to log in.

This sucks and was just about to move into a hardware wallet by EOW

JPM needs to rebrand as JPW - Just Ponzi Wave...amirite?

your coins aren't lost.

their web ui must be down for some reason.

1) I am 100% certain it will be back up

2) If I am wrong on my 100% certainty, you can still recover your coins on hundreds of other interfaces so long as you have your seed words, which you say you do.

I've never used the blockchain.com wallet but I assume by backup phrase you mean the 12, 18 or 24 words given to you when setting up the wallet.

Many crypto sites right now are experiencing increased DDoS attacks in addition to heavy overall usage. (I work for a very popular cloud services company that protects a huge number of crypto websites and applications and we see these attacks every day.)

Recent attacks have evolved into disruptions intended to tarnish the reputation of crypto companies, as well as credential stuffing attacks.

Use 2FA, setup allowlisting for your addresses, and use a unique password for each website you access.

Yea thanks, just checked and must of just came back up. Not ashamed to admit a bit dark on this stuff so I am going to put in some time to research and get my holdings offline/into hardware or best solution for long term hold.

Open to suggestions.

Looks to be:
Microstrategy (MSTR)
Square (SQ)
Riot (RIOT)
NVIDIA (NVDA)
PayPal (PYPL)
AMD
Taiwan Semiconductor Manufacturing (TSM)
Intercontinental Exchange (ICE)
CME
Overstock (OSTK)
Silvergate (SI)

Not a lot to be excited about there IMO. Have a small amount of PayPal but I'd mostly rather own BTC/ETH than companies like MSTR.

NVDA/TSM/AMD/RIOT *as crypto plays* face a lot of threat from successful transition to PoS. (notwithstanding the rest of their businesses).

Way rather own UNI than ICE/CME as a crypto play (sizes may differ due to risk).

Silvergate is *the* bank for crypto companies, would be interested to see their future plans wrt DeFi. In general not a fan of bank stocks.

In general I think if you want exposure to crypto, you should buy crypto, and maybe some equity in traditional crypto companies (though hard to access for the most part). Buying these legacy companies with some relation to crypto is not how I'd play this, at least with not any significant portion of crypto segment of portfolio.

Anyone tried jade hardware wallet from blockstream?
I like the open source hardware + software. Cost is nice.
I m almost shitcoin free so the multi currency lacking is not an issue for me.

does anyone have experience with 'sweeping' bitcoin into wallets?
it's a curious thing.

100% straight crypto is the better play.

But if you have a retirement or tax-free account, may as well dip into crypto-type stonks with those. My tax-free account is 100% bitcoin etf, my retirement account includes mstr, sq and pypl from that list.

I like Silvergate but would rather get a piece of Avanti if going for a bank stonk.

Something to keep an eye on in regards to Blockfi. No idea who this came from (possible competitor?) but came across my timeline so just passing along the info.

https://ditchblockfi.com/

Blockfi suspended new account sign ups yesterday because they "experienced a technical issue" Careful lending your coins out folks.

LOL I was waiting for this garbage to show up here.

I'm 100% sure its from a competitor, coinflex (which looks like **** to me, especially when they advertise 250x leverage).

Regarding why Blockfi was suspending signups, they were adding security layers which often requires maintenance and limited availability for features. Web applications have downtime guys, even Google has been down many times.

Yeah it definitely looked hit-piecey from the get go. But regardless I do think it brings up some of the possible downfalls of these lending sites. The 8% or whatever seems great on the surface, but there's always going to be that trade off.

Has anyone here set up a bitcoin IRA? I've heard the fees are high but I haven't delved into them yet. Assuming the fees weren't prohibitive it seems like a decent gamble to throw a small amount in one every month.

I'm in the process of transferring my traditional IRA over to ITrustCapital. They offer several cryptos you can buy with you IRA finds. Downside is that they charge $30/month

bitcoin is already heavily regulated at its off/on ramps and not regulatable inside those boundaries. Do you think bitcoin will become more or less volatile over time?

Its major use case comes when its market cap starts to catch gold's and then bitcoin can (relatively) instantly and costlessly transfer a very significant amount of value anywhere in the world. For the very highest value transactions/settlement this is a very efficient technology that implies a tremendous amount of value/savings.

It has a fee market however, that regulates itself based on the demand such that only those willing to pay the highest amounts will be able to transact.

This is your demand stabilization mechanism.

Gresham's law doesn't apply, its out of context. Here is mundell I have been recently reading. Try to make sense of it how you are using it:

I agree, it's completely normal to be skeptical of these lending services.

Here's some more info on the reason why they had to suspend signups:
https://www.forbes.com/sites/ninabam...h=4ecde0e37704

I don't always agree with "them" but you are clearly misinformed because of twitter or the bigger cryptosphere (ie reddit perhaps).

These places are dominated by sybil attacks. What you are echoing is a false narrative. You can argue me back but I'll just start hammering you with facts and showing that you don't have anywhere near the knowledge I do on the subject.

Edit: Also its not just my actually knowledge I mean to "brag" about here (im not so knowledgeable versus experts), its what I have access to as well. Two SHAE is misinformed.

I don't know about xrp but Lynn Alden is very respected in the crypto community and generally very well researched afaik. I'd be surprised if she made such an error and for sure definitely feel her work is worth reading.