Re: Walrus' Bitcoin Thread
Very nice thanks but does this mean I just can’t randomly insert the price in everythread? That was kinda fun for me, won’t be when it goes back down to 3k which I assure you it will.
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
walrus
Very nice thanks but does this mean I just can’t randomly insert the price in everythread? That was kinda fun for me, .
I actually found it amusing! Outta nowhere, Bitcoin at 33k -Damn now I think I need to go back to find a FB request where some chick lured me into being a friend, then went bitcoin on me!
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
walrus
Very nice thanks but does this mean I just can’t randomly insert the price in everythread? That was kinda fun for me, won’t be when it goes back down to 3k which I assure you it will.
Actually it was kinda like those ticker tape things scrolling on the bottom on your TV when you're watching the news or sports.
So yeah... I was sorta warming up to it. ;D ;D
Re: Walrus' Bitcoin Thread
Well an acquaintance of mine got into bitcoin right before the 20% drop. We talked a bit, I don’t give advice just thoughts I told him I’d be weary at buying at these current highs. Well he went ahead and quickly saw it plummet. At least he isn’t blaming me, he just said “that has happened to me with stocks in the past.” Actually laughed so hopefully he just threw in a couple hundred. I’m a little worried about one of my coworkers he was going crazy with another crypto told me it would beat out bitcoin.hopefully he listened to one thing I said when he asked my opinion, I said don’t put in more than you can afford to lose. He sent me an email today, general not about bitcoin but he didn’t throw in a couple jokes like usual.
Re: Walrus' Bitcoin Thread
You know you have made it when you get a thread named after you.
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
Master
You know you have made it when you get a thread named after you.
Opinions vary greatly on that I can assure you. ;D
Re: Walrus' Bitcoin Thread
Bitcoin hit 60k today congrats all you hodlers, all who who dismissed buffet, diamond, munger and crew. All the fud and mocking. A year ago bitcoin was at 4K today we are at 60k big difference if you follow math
Re: Walrus' Bitcoin Thread
I find this very interesting. I have three coins that now pay interest. One is called DAI which is a stable coin, pays 2% apy. The other is ALGO, which I got for free in an airdrop, that pays 4%apy. Now ethereum, which is the second biggest coin by market cap can be staked at 6% apy. Now the interest is payed in the particular coin so you gotta take that into consideration and the value on these things, except DAI can be all over the place but the fact that some cryptos actually pay interest is quite fascinating. Doesn’t mean it can’t go to shit, doesn't mean it is a safe thing just interesting seeing what these things do. I did have to lock up some of my eth to get the 6% but since all I do is hold it to go along for the ride I really don’t care. I always half expect the shit to go belly up any minute so I’m not overly concerned at any given moment
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
walrus
I find this very interesting. I have three coins that now pay interest. One is called DAI which is a stable coin, pays 2% apy. The other is ALGO, which I got for free in an airdrop, that pays 4%apy. Now ethereum, which is the second biggest coin by market cap can be staked at 6% apy. Now the interest is payed in the particular coin so you gotta take that into consideration and the value on these things, except DAI can be all over the place but the fact that some cryptos actually pay interest is quite fascinating. Doesn’t mean it can’t go to shit, doesn't mean it is a safe thing just interesting seeing what these things do. I did have to lock up some of my eth to get the 6% but since all I do is hold it to go along for the ride I really don’t care. I always half expect the shit to go belly up any minute so I’m not overly concerned at any given moment
Silvio Micali up there in Massachusettes came up with that...from what I know Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Its SUPPOSED to have the design so that there are very much lower transaction fees, as well as no mining I guess kind of similar to Bitcoin's energy-intensive process. The cool part is that it is based on a "permissionless pure proof-of-stake blockchain protocol." Silvio came up with a beauty on this one. And at a million transactions a day it is surely on fire. He's one of the best crypto kings in the world. Thats what they churn out up there at MIT.
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
NoSavingByTheBell
Quote:
Originally Posted by
walrus
I find this very interesting. I have three coins that now pay interest. One is called DAI which is a stable coin, pays 2% apy. The other is ALGO, which I got for free in an airdrop, that pays 4%apy. Now ethereum, which is the second biggest coin by market cap can be staked at 6% apy. Now the interest is payed in the particular coin so you gotta take that into consideration and the value on these things, except DAI can be all over the place but the fact that some cryptos actually pay interest is quite fascinating. Doesn’t mean it can’t go to shit, doesn't mean it is a safe thing just interesting seeing what these things do. I did have to lock up some of my eth to get the 6% but since all I do is hold it to go along for the ride I really don’t care. I always half expect the shit to go belly up any minute so I’m not overly concerned at any given moment
Silvio Micali up there in Massachusettes came up with that...from what I know Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Its SUPPOSED to have the design so that there are very much lower transaction fees, as well as no mining I guess kind of similar to Bitcoin's energy-intensive process. The cool part is that it is based on a "permissionless pure proof-of-stake blockchain protocol." Silvio came up with a beauty on this one. And at a million transactions a day it is surely on fire. He's one of the best crypto kings in the world. Thats what they churn out up there at MIT.
Ha ha I see you right. I didn’t even know that. Got some free in November 2020 and I was surprised how well it has done. My uncle went to MIT. I wish I had picked up a little more back then but so many of these are “shitcoins” that crash and burn. There are a handful that are well established but even they are all over the place. Everyday though I’m getting more Algo, granted it’s only 2% apy but it’s been consistent and it didn’t cost me anything. Shit wait DAI pays 2% I think Algo is 4 I confused myself, not hard to do.
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
NoSavingByTheBell
Quote:
Originally Posted by
walrus
I find this very interesting. I have three coins that now pay interest. One is called DAI which is a stable coin, pays 2% apy. The other is ALGO, which I got for free in an airdrop, that pays 4%apy. Now ethereum, which is the second biggest coin by market cap can be staked at 6% apy. Now the interest is payed in the particular coin so you gotta take that into consideration and the value on these things, except DAI can be all over the place but the fact that some cryptos actually pay interest is quite fascinating. Doesn’t mean it can’t go to shit, doesn't mean it is a safe thing just interesting seeing what these things do. I did have to lock up some of my eth to get the 6% but since all I do is hold it to go along for the ride I really don’t care. I always half expect the shit to go belly up any minute so I’m not overly concerned at any given moment
Silvio Micali up there in Massachusettes came up with that...from what I know Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Its SUPPOSED to have the design so that there are very much lower transaction fees, as well as no mining I guess kind of similar to Bitcoin's energy-intensive process. The cool part is that it is based on a "permissionless pure proof-of-stake blockchain protocol." Silvio came up with a beauty on this one. And at a million transactions a day it is surely on fire. He's one of the best crypto kings in the world. Thats what they churn out up there at MIT.
Ha ha I see you right. I didn’t even know that. Got some free in November 2020 and I was surprised how well it has done. My uncle went to MIT. I wish I had picked up a little more back then but so many of these are “shitcoins” that crash and burn. There are a handful that are well established but even they are all over the place. Everyday though I’m getting more Algo, granted it’s only 2% apy but it’s been consistent and it didn’t cost me anything. Shit wait DAI pays 2% I think Algo is 4 I confused myself, not hard to do.
right, Algo is 4
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
NoSavingByTheBell
Quote:
Originally Posted by
walrus
Quote:
Originally Posted by
NoSavingByTheBell
Quote:
Originally Posted by
walrus
I find this very interesting. I have three coins that now pay interest. One is called DAI which is a stable coin, pays 2% apy. The other is ALGO, which I got for free in an airdrop, that pays 4%apy. Now ethereum, which is the second biggest coin by market cap can be staked at 6% apy. Now the interest is payed in the particular coin so you gotta take that into consideration and the value on these things, except DAI can be all over the place but the fact that some cryptos actually pay interest is quite fascinating. Doesn’t mean it can’t go to shit, doesn't mean it is a safe thing just interesting seeing what these things do. I did have to lock up some of my eth to get the 6% but since all I do is hold it to go along for the ride I really don’t care. I always half expect the shit to go belly up any minute so I’m not overly concerned at any given moment
Silvio Micali up there in Massachusettes came up with that...from what I know Algorand was invented to speed up transactions and improve efficiency, in response to the slow transaction times of Bitcoin and other blockchains. Its SUPPOSED to have the design so that there are very much lower transaction fees, as well as no mining I guess kind of similar to Bitcoin's energy-intensive process. The cool part is that it is based on a "permissionless pure proof-of-stake blockchain protocol." Silvio came up with a beauty on this one. And at a million transactions a day it is surely on fire. He's one of the best crypto kings in the world. Thats what they churn out up there at MIT.
Ha ha I see you right. I didn’t even know that. Got some free in November 2020 and I was surprised how well it has done. My uncle went to MIT. I wish I had picked up a little more back then but so many of these are “shitcoins” that crash and burn. There are a handful that are well established but even they are all over the place. Everyday though I’m getting more Algo, granted it’s only 2% apy but it’s been consistent and it didn’t cost me anything. Shit wait DAI pays 2% I think Algo is 4 I confused myself, not hard to do.
right, Algo is 4
No actually I looked it’s 6%. Here is the fucked up thing. I’ve had the shit for half a year. Like I said it was free. Because it was free I put it aside and forgot about it. Last month for some reason I was checking it out and noticed an Apy% alert. All I had to do was go into settings and push one button to activate it. All that time I had it sitting in a wallet could have been picking up some yield. It’s not the big a deal it’s a very small amount just a lesson you should look at things a little close when you get them. Interesting stuff.
Re: Walrus' Bitcoin Thread
Re: Walrus' Bitcoin Thread
bitcoin is becoming basically a government coin. it's value will drop over the next few years. hopefully walrus gets out before it falls away. i hope he got on monero & piratechain early enough. there is still time
Re: Walrus' Bitcoin Thread
So the gov followed same old route? can't be em -join em and take it over, damn...
Re: Walrus' Bitcoin Thread
Buy the dip!
Source:trust me bro.
Re: Walrus' Bitcoin Thread
I stayed out of this thread at the time because I knew I'd just get really annoyed but seeing as Walrus is no longer here and after recent events I thought I'd have a look and it turns out our crypto fans were discussing a Ponzi scheme and deciding it was a good investment. Marvellous.
To be fair to crypto recent events might make you think it's all a Ponzi scheme but that's not true. Some of it is Ponzi schemes, some of it is affinity fraud, some of it is pyramid schemes, some of it is pump and dump schemes, some is middlemen skimming a hundred and one percent off the top, some of it is just straight up criminality.
And don't forget the tax evasion and money laundering schemes either. Celebrate all the diversity in the crypto sphere.
Re: Walrus' Bitcoin Thread
Quote:
Originally Posted by
Kirkland Laing
I stayed out of this thread at the time because I knew I'd just get really annoyed but seeing as Walrus is no longer here and after recent events I thought I'd have a look and it turns out our crypto fans were discussing a Ponzi scheme and deciding it was a good investment. Marvellous.
To be fair to crypto recent events might make you think it's all a Ponzi scheme but that's not true. Some of it is Ponzi schemes, some of it is affinity fraud, some of it is pyramid schemes, some of it is pump and dump schemes, some is middlemen skimming a hundred and one percent off the top, some of it is just straight up criminality.
And don't forget the tax evasion and money laundering schemes either. Celebrate all the diversity in the crypto sphere.
Walrus is as "here" as he ever was. Wachoo smokin
Re: Walrus' Bitcoin Thread
Warren Buffet, the world's richest investor and his partner Charlie Munger weigh in on crypto:
https://twitter.com/Stephen_Geiger/s...02421129416706
Buffet bet every single person working in the hedge fund industry a million dollars that he could invest his money in a standard index fund for ten years and they could invest their million in any hedge fund for a decade and the one who earned the greatest return would pay the other one a million. Only one guy took him up on his offer which tells you everything you need to know about the hedge fund industry right there and also how you should invest your money. You can read about it if you're interested.
The fund that both Warren and Kirkland agree you should invest your money is a Vanguard S&P 500 index fund. You work out which one. Put it in there and forget about it. Let it appreciate for decades.
https://m.media-amazon.com/images/I/41739WUec2L.jpg
This came out in 1980. It's the second biggest selling album of all time. If you'd put $10 000 in the Vanguard fund the day this came out you'd be a millionaire now. Invest your pennies and have a nice retirement. And read up about the guy who started Vanguard. He set up the world's first socialist investment fund and it's now the biggest in the world. If he'd charged people even a small fee he'd have made many billions.
https://www.youtube.com/watch?v=pAgn...annel=acdcVEVO
Re: Walrus' Bitcoin Thread
https://twitter.com/CNBC/status/1592507175032655872
98 year old Charlie Munger still going strong. That's down to the adrenochrome.
Re: Walrus' Bitcoin Thread
Sam Bankman-Fried, the former boss of collapsed cryptocurrency exchange FTX, has denied committing fraud.
Making his first public appearance since the collapse, the man once hailed as the 'King of Crypto' told The New York Times he had had a "bad month" and had almost no money left.
FTX fell apart last month, having once been valued at $32bn (£26.5bn).
Many investors have not been able to withdraw their funds from the now bankrupt global exchange.
Mr Bankman-Fried, 30, also said his lawyers had advised him not to speak publicly, but he had ignored them.
He denied having moved any personal money out of FTX himself - saying he now has "close to nothing."
Speaking from The Bahamas, he said he had one credit card left which had around $100,000 of debt on it.
In the interview he said he had not deliberately misled investors, adding: "I didn't ever try to commit fraud."
However, asked several times about details of money movements between FTX and other entities, including the trading firm he owned, Alameda Research, he at times seemed sketchy in detail.
He also said the company had indulged in "greenwashing" where firms engage in environmental projects for publicity.
Mr Bankman-Fried was once viewed as a young version of legendary US investor Warren Buffet, and as recently as late October had a net worth estimated at more than $15bn.
However, he says, he underestimated the sheer amount of cash needed to cover FTX customers' withdrawals - leading to a run on the exchange.
Many crypto firms have struggled with the downturn in the broader economy and amid concerns about the viability of crypto currencies more generally.
FTX declared bankruptcy soon after. Mr Bankman-Fried stepped down as CEO on 11 November.
According to a court filing earlier this month, FTX currently owes its 50 largest creditors almost $3.1bn.
Mr Bankman-Fried had become well known in Washington DC as a political donor, supposedly supporting pandemic prevention and improved crypto regulation.
But in his talk with Times reporter Andrew Ross Sorkin, Mr Bankman-Fried confessed much of his Washington DC work had been PR "masquerading as do-gooderism."
Mr Bankman-Fried said for now he was not concerned about potential criminal or civil liability.
"There's a time and a place for me to think about myself and my own future," he said after starting and stopping several times. "I don't think this is it."
When asked if he had been truthful in his responses, Mr Bankman-Fried said he was as truthful as he knowledgeably could be. "I don't know of times when I lied," he said.
Though he did not provide evidence to support it, SBF said he believed FTX US was solvent and could in fact pay back American investors.
https://www.bbc.co.uk/news/technology-63817522
Re: Walrus' Bitcoin Thread
#Walrus would disagree maybe, but .....
Re: Walrus' Bitcoin Thread
three crypto billionaires have died in the last couple of months, vyacheslav taran, tiantian kullander, nikolai mushegian. theese three are not the only ones of recent times. the ftx scam is just a way to get more regulations on crypto, it was needed as the big bad boogeyman. this ties in nicely with the upcoming cbdc's. use cash as much as possible
