If firms are targeting Celsius or other overleveraged players like 3AC they are going to do it via BTC and ETH. For example, Celsius has a known BTC liquidation price and a large amount of their ETH locked up in stETH. The recent FUD around the stETH-ETH peg and Alameda market dumping 50k stETH likely caused a mini bank run at Celsius and/or was meant to directly hurt 3AC. When prices stop going up 20-30% per month it gets very cutthroat between the institutional players.

I'm very happy that I can still make money at Celsius in these tough times. This will help me immensely, especially at the gas pump.

You could have earned 1 cent more if you would have earned in CEL tokens. A missed opportunity!

Bitcoin > Defi

It was voted down at a 98% clip

Was just poor judgement from the proposer

SNX bags doing pretty well lately

depends on what Sam and the rest of VCs who own the network think...

still don't know why Solana is better than the other 50 Eth killers out there, at least the other 50 haven't been powered off like 10 times in 6 months. Is it just rhetoric?

rehtoric. Sol has the most money and power behind it

Yeah, nothing scales well at all in current form. Solana continually going down to me is the same as when ETH costs hundreds of dollars to send something.

Does anyone have their DOT bonded?

Seems like there is a lot to consider when choosing validators.

Go here
https://polkadot.js.org/apps/#/staking/targets

Sort by return
Choose 5-16 based on whatever criteria you want. Based on return is probably the best criteria unless there's added factors
Hit nominate selected
...
Profit

I'd way, way rather something cost too much money than a blockchain go offline.

They function somewhat the same, I'd agree with that, but the design / ethics / principles are far from the same, imo.

Yes, far different, one is cheaper and faster and more centralized. One is slower, more expensive and more secure. Both have their own problems with scaling is what I was trying to point out.

LUNC is the new DOGE.

A few days old now but this trading firm Uprise somehow managed to lose 99% of client funds by SHORTING Luna as it was going to 0 by getting systematically wrecked on the bounces lol.

https://www.theblock.co/post/156031/...ts-price-crash

I think buying LUNC might be the best bet in all of crypto right now. It’s also really fascinating from an economics perspective because there haven’t been a lot of situations where an asset went from a 60 billion dollar valuation to almost nothing in such a short period of time.

There are a lot of factors here that make the upside very predictable yet which also have temporarily suppressed the price very far below intrinsic value.

A lot of people lost a lot of money very quickly. The reactions to that result are what make this such a great investment.

The first most basic condition of even considering buying this coin has been met. That condition being that no new coins are going to be minted. The over-minting of LUNA is what led to the price drop in the first place so obviously that had to be stopped before it could be a safe trade. When they announced that the minting process had been shut off is when I got interested.

I then looked at how big the supply had gotten and the present market cap. There are now about 6.6 trillion coins and the market cap was about 350 million at the time I decided to buy.

What I thought would happen is starting to happen. People would demand that coins be burned. The publicity would draw new people in that saw coins being burned and were willing to take a risk.

Exchanges would be asked to participate in burning exchange fees etc. All of this is happening as we speak.

What I think will happen next is that a new community will develop around saving this coin and they will work out a plan to burn a significant amount of coins. As those coins are burned and new utility is found for the coin the combination of those two forces will cause the total market cap of the project to increase as trust is restored in the project and the total coins to fall rapidly.

Combined with the fact that Bitcoin appears to be close to a bottom could be the perfect storm of price appreciation for people that decide to buy LUNC in anticipation of these events happening. In my estimation the event with the most uncertain probability is that Bitcoin is about to turn bullish.

But I believe that no matter what happens people that buy LUNC today are practically certain to make money in the future. Coins are already being burned and the risk of another black swan in this same coin are actually very low because even if the original bad actors somehow committed fraud that was a one trick pony that there is no way in hell they would have the balls to try again with such intense scrutiny directed at that them from governments, exchanges, etc. The incentive isn’t really there either as the market cap is too low to make scamming again worth the risks.

On this side of the trade the publicity alone has made LUNC known worldwide. It’s sick to say but even though it’s shitty marketing everyone has heard of Luna now lol.

Given all of these factors the intrinsic value should be at least 1/2 cent. That’s 50x what it’s currently trading.

LUNC is done, coin has no use. There are no buyers.
No one is building on Terra1

People are going to continue to build on Terra Classic because a new community is forming around the coin that is very vocal. The protocol is being updated to allow for a 1.2 percent burn on all transactions.

Most importantly the CEO of Binance is saying that he will support a burn once it is implemented on chain.

I believe that this happening during the lows of the bear market is really good from a risk/reward perspective. The price had maximum negativity and so you can be pretty sure that it reached the lowest it would probably go in most conditions.

I predict that Binance will implement the burn and some of the other exchanges as well. With the amount of volume the coin trades the amount burned daily should be at least 1-2 billion per day at these prices but could be much higher. I believe the supply can be reduced to 150 billion pretty quickly. I also believe that the next time Bitcoin hits an all time high we will have a market cap of at least 10 billion. Dogecoin for instance reached a peak market cap of 66 billion without deflationary economics.

I think the price reaches .06 cents per coin within 3 years. Which would be a 600x return for people that buy and hold now.

CZ is definitely not on Team Terra. He hated how Do handled the UST/LUNA disaster.

GL though, if LUNC can still do a 600x, Crypto party is not dead. Great for all.
But all trust is gone with Terra. I was a LUNAtic, did lots in the ecosystem.

LUNC hasn't even reenabled the LUNC/UST burn/mint mechanism. The chain has no future lol.

Craig Wright is FAR more qualified than that weaver guy PZ was backing, hes written more papers in the last year than this guy has in his life. Nothing has been proven against Wright. But regardless, even if Wright were a con-man, which there is no evidence he is, it would be an ad hominem attack against BitcoinSV, the real bitcoin, to say its not legit because a conman created it.

BitcoinSV is simply the original protocol before core forked away from it. Its the real bitcoin.

Is it considered an altcoin by the mod standards or we can reference it as such? (I mean to abide, just looking for clarity)

I know nothing about Bitcoin SV but I've heard the same, it's the "real" Bitcoin, and I've heard it from people that are well respected in the crypto world. I tried to buy some BSV the other day and it isn't even listed on the normal exchanges I use, eg. Binance or Bitkub or Tradeogre etc. I had to go to to Hotbit, a smaller exchange with lots of ****coins, to find it. So, if it is "the real bitcoin", then why would reputable exchanges have delisted it?

It's not. Satoshi added the 1MB block size limit in 2010 for reasons known only to him so BSVers think unlimited block size was really "Satoshi's vision."

BTC has 400-500x the hash rate as BSV and the proof is in the BSV/BTC chart. The market has spoken.

I started mining Neoxa a couple days ago. I'm done with ETH as I hate them for their stupid proof of work nonsense. My plan now is to mine various **** coins at a loss and hope they go up later on when the alt-coin market improves. Neoxa is fairly new and hasn't mooned yet so there is a chance...