The best conspiracy/counter conspiracy part about this article is that one of the major hacks in question/ money laundering,etc was from a North Korean party. it's almost too good to be true for the American politicians trying to push some sort of legal agenda on the matter. So many countries around the world but of course the hacking party and money laundering party somehow is based out of North Korea.

The liquidity doesn't exist on those other networks for better or for worse. Regardless I'm backing skillz take on the issue. It's a direct attack on personal freedom by a government and I'm not even sure it solves the problem they present in question.

Are North Koreans, lol, now somehow subject to this law in question? Is this now somehow stopping them from laundering their eth?

The problem is not paying uncle sam their shiny nickels. Terrorism is just a proxy to get the average Joe on board.

+1, people bitching are not operating in real life. governments are never going to turn a blind eye to scaling laundering protocols and crying over "muh big government overstepping privacy" is shouting at clouds. invest your energy toward government oversteps that have better optics and are actually doable.

ethereum is not set up for privacy in the ways privacy maxis want it; if you feel this strongly about things, invest in zcash and start building.

it also beckons the need for a purely decentralized stable; makes less sense to put money into USDC over DAI right now for instance.

you can hide legal onchain activity via a cex if you feel that strongly about it.

it doesn't solve the problem, that's what people should be pounding the table on. protocols are built so no govt entity can actually kill the protocol. plus, protocols can just be forked.

if the us govt was smart, they'd just secretly build the best washer under an administration more laid back toward crypto. a nonzero % of CT already thought that the feds were behind tornado, lol.

DAI is basically USDC. You need LUSD or others without usdc/centralized backing if this is your concern. Circle could wreck DAI right now

RAI was another one. truth be told I haven't done much research into stables because I don't have any stables.

this is the way.

DAI is ~2/3 backed by USDC. Was a mistake by them imo to go multi-collateral, especially with centrally controlled assets.

There could be a big reckoning if Circle, BitGo (BTC custodian for WBTC), Tether or any other major player starts blacklisting addresses and access to assets. Safest bet to just hold BTC or ETH and other assets in the ecosystem that aren't dependent in any way on centrally controlled assets.

This is pretty funny. It's now illegal to transact with tornado cash so someone is dusting (expensive dust because it's .1 min ETH withdrawal.) a bunch of people's wallets.

https://cointelegraph.com/news/anony...wing-sanctions

Buy GMX and its LP token GLP. Non-inflationary earnings and yield is the new narrative for 22/23.
GMX is a dex that provides leverage and great fills.
GMX's LP token pays 25% interest as ETH, no lock-up, all from trader's fees on the platform.

Also like AAVE, stake AAVE on Optimism right now for 13% and borrow USDT against it, then buy more shitcoins.

I'm too dumb to figure out the stETH trade and don't understand if LIDO pays interest direct to your wallet or what is going on there. Is it just buy stETH for the discount vs ETH and then LP on curve or is there a better play?

Also squeeth looks great, I'm going to play around with that with my next ILV unlock.

Gamefi still total garbage but the narrative is still solid imo. I don't really understand how hard it is to duplicate an existing game with microtransactions and just throw it on an L2. I know why an existing game wouldn't bother with it, but there's no reason why some hentai gacha shouldn't be crushing Ethereum right now. Add some land into it for our harems to live in and its an easy 100 mil launch.

Whole industry is a joke how hard they are missing their audience. The whole point is to churn the money that's already in here, but the semi-decent projects have some AAA gaming vision that will never happen and the others are just complete ponzi ******ations with laughable gameplay and graphics. I really don't get it. There's a hundred mobile clones of all the top games when I scroll my phone's playstore, how hard is it to just put one of them on an L2?

Maybe the hype from the merge will help. Super bullish on that right now, it's hard not to be.

When will you dumb ****s learn FFS!?!?!?!

lolwat
stfu and buy my bags dummy

Here's the squeeth faq, it's a pretty complicated but good financial instrument. It's an option strategy that autocloses and opens the calls/puts for you

https://opyn.gitbook.io/squeeth/resources/squeeth-faq

Its actually kind of pathetic how clownshoes the whole space is.

Sounds like a nice derivatives product to syphon fees from its unsophisticated users.

25% ETH interest with no lock up sounds legit.

right, and it's a crypto index. Their page doesn't explain it well ( https://gmxio.gitbook.io/gmx/glp ), but you end up holding 50% stables, 45% mix of BTC, ETH, and then 5% link and uni. Better just to look here and figure it out yourself https://app.gmx.io/#/dashboard

The fees come from traders getting liquidated, interest on margin, and origination fees. You act as the book, and you still have exposure to blue chip crypto.

Team only has 250k out of 13m and they vest linearly over 2 years.

The amount of diehard BTC fanboys I know who sold it all for ETH is really becoming noticeable. Didn't think we'd flip this fast.

Just getting back into evaluating ETH and BTC. Too bad this new ETH Merge process is happening during the same months as Fed rate rise. The past and the expected future Fed rate rises seem to be dampening the huge ETH price rise that should come with the Merge. The BTC price has also been stagnant these few weeks. When the Fed rate rises are clearly ended, maybe in Nov 2022, I think both cryptos will see large price rises.

That said I don't know whether the new ETH structure will produce any partial or full "flippening" . ETH has historically traded at a price 3-10% of BTC's price. It is still in that range today. I find the expected future supply of the new ETH in any one year to be pretty difficult to predict which is a little off putting. I looked at a few models on the web. The total new ETH supply could decrease or increase a little in any one year, I'm guessing. Some say it will always decrease a little each year. Does that make sense?

I don't own either ETH or BTC right now but I'm looking to invest again at some point.

grypto adoption/future of finance narrative is dead. long live grypto.

Holy ****, did Su Zhu really respond to a post about himself as if he wasn't Su Zhu?

My God. Going busto couldn't have happened to a nicer dude. What an arrogant prick. Considering 2p2 rarely misses an opportunity to lol such obvious intellectual hubris, I'm going to pile on as much as I can.

Oh the ironing.

He's been in the thread. I guarantee he never posts here again.

zhu su lurking 2p2 BF? IDK...

Does anyone know if there will be airdropped ETH after the merge?

And do you need to hold your current ETH in an on-chain wallet to receive it?

it's not an airdrop, it's a fork. safest way to get it is to have in a wallet you control then figure out how to get it afterwards. haven't seen any exchanges yet saying they'd give it yet.

You also need to be careful if the chain uses the same chain id, which is likely, there won't be replay transaction, meaning any tx you do on one chain can also be done on the other one.

Ugh. I'm such a fish, this kinda confused me. Why is this risky/breakdown in simpler terms what this means? Please and sorry.

SoCal, thanks. Currently hold ETH in Trezor, Ledger, Exodus, and Coinbase (which i'll move to Trezor). If it's anything like the BCH fork it just showed up in my Trezor, which was cool since I didn't have to do anything. You think there will be steps to receive it?