Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
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Sanrith Descartes
Veteran of a thousand threadban wars
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The key takeaways shouldnt be the liquidity issue on the buyer side. The key takeaway should be there were so many forced liquidations.
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LachiusTZ
Rogue Deathwalker Box
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James
Ahn'Qiraj Raider
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Proof of Authority blockchains are too centralized and therefore vulnerable, it's not a very appealing consensus mechanism for investors -- why move over to a centralized, vulnerable blockchain when several centralized relational databases for supply chain management have already been built and adopted?
Look at Ethereum scaling solutions -- Truebit is the one I'm most excited about, but there are still several things rolling out in the near future you will be able to invest in on the ground floor. zkSync/zkPorter and Optimism are a couple, but even big cap stuff like Chainlink is still an extremely worthwhile investment.
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Jive Turkey
Karen
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Thanks dude. Like I said, I'm still a total noob, but this will help focus my searches a bit better. I appreciate it
Arden
Blackwing Lair Raider
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VET has a great use case and several promising "partnerships" with big corps. They are also yet to be listed on several big exchanges and there is a reasonable expectation that when they are VET will get a nice bump. These are the positives.
The negatives are that it's unclear how much potential the coin has to actually live up to its grand use case. Sure the idea is good, but is the coin actually useful? There is also a reason to believe that the word "partnerships" is being used with more enthusiasm than accuracy by VET. Finally, it's a Chinese company. Obviously that doesn't mean it won't succeed, but if you know anything about how China operates it could be a reason to be cautious. These are the negatives.
I own quite a bit of VET. I question its long-term success, but I am fairly confident in significant short-term gains, especially when it eventually gets listed on the major exchanges.
That's my VET scouting report anyway, for what it's worth.
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Sanrith Descartes
Veteran of a thousand threadban wars
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swayze22
Elite
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Looking up zkPorter found some interesting tech dialog between Vitalik and a random guy and also Mark Cuban joins in on a random reddit thread. security, transactions per second talk, and L2 stuff. Wild -
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LachiusTZ
Rogue Deathwalker Box
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That's what I was asking, were they?
We can prolly assume some portion were, but I don't remember seeing anything stating they were outside of your post.
Arguing fuel mileage with a lawyer that got his panties in a wad, so if I'm missing the humor...
Bandwagon
can attest I'm pretty dense at times. Lol
Sanrith Descartes
Veteran of a thousand threadban wars
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The linkedThat's what I was asking, were they?
We can prolly assume some portion were, but I don't remember seeing anything stating they were outside of your post.
Arguing fuel mileage with a lawyer that got his panties in a wad, so if I'm missing the humor...
My bad. I went back and reread the tweet. I thought I saw "forced" liquidation. I stand corrected.That's what I was asking, were they?
We can prolly assume some portion were, but I don't remember seeing anything stating they were outside of your post.
Arguing fuel mileage with a lawyer that got his panties in a wad, so if I'm missing the humor...
LachiusTZ
Rogue Deathwalker Box
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¯\_(ツ)_/¯
I barely pay attention, so I regularly assume I missed something.
Even if I am an asshole when asking. Lol
Figured there might be leveraged positions that got called when everything crashed
James
Ahn'Qiraj Raider
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Yeah, that's a good one. Vitalik is surprisingly active on reddit, spend some time trolling through his posts if you want to see what the foremost crypto expert is thinking about. ZK rollups weren't supposed to be working for another 2-3 years, btw, which is why initially sharding was going to come before PoS. The fact that zkSync is coming out so soon is extremely exciting, can't wait to see this tech in play.
Jive Turkey
Karen
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I might do this. I'd still like to get in early on something, but maybe this is the smarter thing to do since I'm so new to everything
Jive Turkey
Karen
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I feel like I'm Mark Cuban in these discussions "I have no idea what you're talking about, but what can it be used for and who will be using it? What happens to you when Ethereum shores up that issue themselves?"
I have a lot to learn
Edaw
Parody
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Caliane
Avatar of War Slayer
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no don't do that. if you deny it, you should be able to get the old fashioned method of entering in your routing and acct numbers. where they then send a few pennies to confirm.
that 3rd party bank account info tool, downloads your bank history, and sells the data. fuck that shit. coinbase is not the only one that uses that bullshit.