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Old 04-05-2021, 09:28 PM   #7501
SuperSwag
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by astro View Post
92 coins over 1 billion MC now, same date 1 year ago there were 12. Bubble peak 2018 about 40

Not inferring we're at bubble peak, just some interesting facts ...
The top 20 this time seems way more legit than last time with exceptions like XRP and BSV.
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Old 04-06-2021, 03:44 AM   #7502
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Re: Virtual Currency - Alt Coin Discussion Thread

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Have a friend who remembered he had a ton of tron on Binance from a while back. He can log in and see his portfolio and obviously its gone up quite a bit in the past few weeks.

He's apparently had it forever and its on the regular binance and NOT binance.us (He is in the U.S.) He can log in but claims he cant do anything buy/sell/transfer/ect. He just wants to get the money out any way possible but literally knows nothing at all about crypto. I told him if he can log in thats a good sign but dont really know what to tell him to do as i've never encountered anything like that. He's right on the border of Mexico if that somehow helps.

Anyone have any suggestions on what i should tell him?

Its not me lol.
He literally knows nothing about crypto but he has some tron on a binance account. Does not compute.

Crypto was meant for non idiots. Tell him to cash out. And if you have any, you should cash out also.
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Old 04-06-2021, 03:45 AM   #7503
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Re: Virtual Currency - Alt Coin Discussion Thread

LTC had a nice rebound this week.
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Old 04-06-2021, 03:49 AM   #7504
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by SuperSwag View Post
The top 20 this time seems way more legit than last time with exceptions like XRP and BSV.
What makes a coin legit? Just because a coin may seem useful, doesn't make it worth billions of dollars.
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Old 04-06-2021, 07:50 AM   #7505
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Re: Virtual Currency - Alt Coin Discussion Thread

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Use a VPN. Convert it to Eth then send to US friendly exchange
good way to get it confiscated for TOS violation, vpns are incredibly easy to detect

just contact customer support ldo
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Old 04-06-2021, 08:54 AM   #7506
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Re: Virtual Currency - Alt Coin Discussion Thread

My coworker's maid's parole officer bought some pretend money on Coinbase and he's wondering if he needs to get some physical gizmo to store it on or if it's fine where it's at.

Thanks!
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Old 04-06-2021, 09:24 AM   #7507
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Re: Virtual Currency - Alt Coin Discussion Thread

The PO is fine, but it doesn't hurt to familiarize yourself with the options.

A hardware wallet adds more personal responsibility. If he's an adult, he can manage.
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Old 04-06-2021, 09:03 PM   #7508
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Re: Virtual Currency - Alt Coin Discussion Thread

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good way to get it confiscated for TOS violation, vpns are incredibly easy to detect

just contact customer support ldo
All the sites turn a blind eye to the use of VPNs. They know exactly what is going on and they aren't going to try and deter you from using it as they will lose business.
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Old 04-06-2021, 09:21 PM   #7509
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Re: Virtual Currency - Alt Coin Discussion Thread

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All the sites turn a blind eye to the use of VPNs. They know exactly what is going on and they aren't going to try and deter you from using it as they will lose business.
i'm speaking as an american abroad who's spent a lot of time with binance recently

they detect vpns and they care very much about it, i know from personal experience
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Old 04-06-2021, 10:47 PM   #7510
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Re: Virtual Currency - Alt Coin Discussion Thread

Opened a LYF position on Alpaca on BSC yesterday. Have done this a bunch of times before successfully without issue. The tx shows that the position has opened successfully, the collateral has left my address. I speak to one of the admins as shown in the screenshots below. Basically tells me this just happens on bsc sometimes and that if I'm unable to direct contract interaction I'm ****ed until it appears. Been 36 hours now and I've been checking every couple hours to see if it appears (it's the only position I have that doesn't appear). Anyone know if there's anything I can do at this point?



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Old 04-06-2021, 10:55 PM   #7511
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Re: Virtual Currency - Alt Coin Discussion Thread

that's crazy they wouldn't write the script for you but could tell you what script to write

if an emergency, ask if you outsource script work if that could lead you open to theft by the scripter and if it's safe just get the details and then outsource it to fiverr or hire someone on 2p2 marketplace
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Old 04-06-2021, 11:07 PM   #7512
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Re: Virtual Currency - Alt Coin Discussion Thread

Would like to know if something like you mention is feasible or if there are any other options on the table. It's not an emergency. If it shows up eventually I'll just kill the position and reopen it. If it doesn't and I do have to outsource the scripting, it would cost me a few k in gas to close all the positions on the address and reopen them on a new address, so I don't mind waiting a bit and hoping the solution resolves itself.

Does anyone know if this is just a war of attrition with BSC and I can just f5 my way to the position appearing at some point?

Last edited by Doorbread; 04-06-2021 at 11:17 PM.
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Old 04-06-2021, 11:24 PM   #7513
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by rickroll View Post
i'm speaking as an american abroad who's spent a lot of time with binance recently

they detect vpns and they care very much about it, i know from personal experience
They have Binance and they have Binance.US or whatever it is. Do you have a US account or ROW account? I've told multiple friends to sign up via the ROW binance site via VPN and I've done the same and never had an issue. We are all in the US.

Are you saying they get mad if you use a VPN to connect to the US site? That wouldn't really make any sense considering the US site is the limited site with no derivatives.
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Old 04-07-2021, 03:07 AM   #7514
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Re: Virtual Currency - Alt Coin Discussion Thread

i attempted creating a binance ROW, it's blocked where i am so needed a vpn, most of the vpn servers were detected as vpn, finally found some not detected and then rejected anyway for having us id

seems like a lot of unnecessary risk, especially when the idea isn't to be active but rather close out the account and was made before the row/us split so their customer service should be able to port it over for him
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Old 04-07-2021, 03:50 AM   #7515
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by SuperSwag View Post
Use a VPN. Convert it to Eth then send to US friendly exchange
Thank you, this is exactly what he did and was able to get it out.


Also didn't realize asking a basic help question was so taboo and cause an uproar lol?
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Old 04-07-2021, 04:37 AM   #7516
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Re: Virtual Currency - Alt Coin Discussion Thread

i don't see how you'd view a discussion over whether it was more prudent to contact customer support or violate tos and risk penalties/freezes as causing an uproar

glad it worked out
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Old 04-07-2021, 09:41 AM   #7517
Mat Cauthon
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by sled mobiles View Post
If anyone one here is a bitcoin maxi, or doesn't see what makes crypto valuable in general (its all a ponzi), listen to this. In my estimation probably THE smartest guy in crypto explaining where all these crazy yields come from, how sustainable it is, and what specifically makes crypto the future of finance. I couldn't think of a better defi explanation to a person who already has a basic grasp of crypto and wants to take the next step or comes from the traditional finance world and understands a lot of the concepts already but sees crypto as a giant shell game, ie, lots of people in this thread. Give this a listen. A+ content.

https://anchor.fm/uncommoncore/episo...-Crypto-eu9827
Thank you, interesting discussion.

As I understand it, he talks about three sources for the high yields in crypto:
1) Demand for leverage, because the bull market keeps going, and to arbitrage market inefficiencies.
2) Token rewards in the protocol they are using, as compensation for allocating their capital to helping bootstrap the network effects of that protocol.
3) A share of the fees from the trading activity they are providing liquidity for.

These are obviously three different forms of compensation, but to me, it seems like 2) and 3) completely derive from 1). Would there be any trading if there was no demand for leverage? If there was no trading, then you can obviously not collect any share of trading fees. But tokens of the protocol also seem rather pointless if there is no trading going on, meaning that the tokens would have no value. Unless there was some reason to believe that there would be trading happening in the future.

So, if it all comes down to demand for leverage, the question becomes, how large is that demand, how does it flow through the system, how will it evolve over time?

Is there some other demand that acts as a primary driver of value? Are there other demands on the horizon, that people are positioning for, injecting speculative value?
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Old 04-07-2021, 12:24 PM   #7518
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Re: Virtual Currency - Alt Coin Discussion Thread

will see the video later.

IMHO, No doubt defi is a society game changer, f** traditional banks.

But is so new that is extremely risky with lots of unknown potential issues. Just yesterday mozart.finance was hacked and people end up with a worthless token, this has become so common that it doesn't even surprise us anymore.
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Old 04-07-2021, 04:59 PM   #7519
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Re: Virtual Currency - Alt Coin Discussion Thread

Anyone here using gate.io and can let me know if they are trustworthy or not?
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Old 04-07-2021, 11:24 PM   #7520
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by rickroll View Post
i attempted creating a binance ROW, it's blocked where i am so needed a vpn, most of the vpn servers were detected as vpn, finally found some not detected and then rejected anyway for having us id
What would you be submitting a US ID for? All we needed was a name, e-mail address and password.
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Old 04-08-2021, 03:08 AM   #7521
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Re: Virtual Currency - Alt Coin Discussion Thread

I need to dump this BTG that I have. Can't find anyway to do it since I am in the US. I would prefer not to do the VPN route if I can help it, but that is beginning to look like my only option. Anyone know of a safe way for someone in the US to get rid of Bitcoin Gold?
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Old 04-08-2021, 09:11 AM   #7522
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Re: Virtual Currency - Alt Coin Discussion Thread

FTT easiest long on the planet head of $coin? yes or no
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Old 04-08-2021, 02:47 PM   #7523
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Re: Virtual Currency - Alt Coin Discussion Thread

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FTT easiest long on the planet head of $coin? yes or no
Yeah pretty much. Also, Polygon(Matic). Someone tell me why matic isn't the next microsoft. They're adding new projects like hourly, gas is nonexistent, it's winning the L2 race, etc etc.

My only FUD would be that the tokenomics are such that you need so little matic to use the network. Matic is 30 something cents, yet it would take you many lifetimes to spend a few coins in gas fees. There's not much reason to have thousands of them. On the other hand, coins with far less utility value just go bonkers for no reason, so I'm pretty long.

It's funky during a bull cycle because the biggest garbage pumps the hardest, and if you've been around through the 2017 cycle you have some chance of winning here by having a dino-strategy for part of your bags. But if you don't have that strategy already it's starting to get a bit late, things will be overwhelming and confusing all year. That said, there will continue to be a ton of room for projects quietly doing a lot - they just won't pump or dump as hard most likely.

Last edited by VIPbuddy; 04-08-2021 at 02:56 PM.
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Old 04-08-2021, 03:43 PM   #7524
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Re: Virtual Currency - Alt Coin Discussion Thread

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Originally Posted by VIPbuddy View Post
Yeah pretty much. Also, Polygon(Matic). Someone tell me why matic isn't the next microsoft. They're adding new projects like hourly, gas is nonexistent, it's winning the L2 race, etc etc.

My only FUD would be that the tokenomics are such that you need so little matic to use the network. Matic is 30 something cents, yet it would take you many lifetimes to spend a few coins in gas fees. There's not much reason to have thousands of them. On the other hand, coins with far less utility value just go bonkers for no reason, so I'm pretty long.
Matic the next Microsoft? Umm, what? There is not going to be "one" winner of the scaling solutions. SKL, MATIC, xDai STAKE, Arbitrum, Starkware... to say nothing of layer-1s like DOT, ADA (yes, I know it's trash, but still worth mentioning), NEAR, SOL, LUNA, AVAX, and so on.

Matic = Binance. Main reason it's doing so well imo.

Quote:
Originally Posted by jchristo View Post
Anyone know anything about Thorchain? One of my tech crypto buddies is hyping it.

https://thorchain.org/rune#what-does-it-do
Yes, RUNE is one of the best projects in the space.

Last edited by ZodiacalRelease; 04-08-2021 at 04:06 PM.
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Old 04-08-2021, 04:29 PM   #7525
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Re: Virtual Currency - Alt Coin Discussion Thread

another typical day at defi, now Fei protocol screw up
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