Walrus' Bitcoin Thread

**walrus** · 01-12-2021 03:14 AM

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.

**Master** · 01-12-2021 02:33 PM

You know you have made it when you get a thread named after you.

El Kabong · 01-12-2021 09:17 PM

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.

**walrus** · 03-13-2021 02:16 PM

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

**walrus** · 04-19-2021 07:20 PM

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

**NoSavingByTheBell** · 04-20-2021 05:43 AM

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.

**walrus** · 04-20-2021 11:55 AM

Originally Posted by NoSavingByTheBell

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.