Comeby! said:

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Yes I do. We are teeing up a large mining operation. I intentionally lumped in 'the blockchain' as a way to oversimplify it. I have spoken to principals, executives and investors of major large scale mining operations. The main focus is on recovering their capital as quickly as possible 'because we don't know what'll happen in 18-24 months'. Now these are investors, not fanboys or HODL'ers. Risk plays a major part in their decision making. Ive personally met billion dollar Chinese mining executives who are 100% shut down I'm China looking for a place in the US to install 100-300k miners. I personally believe there will be some shift changes in the demographic of the mining community as well as the current holders of Bitcoin proper in the coming years.

So outside the gold standard that is Bitcoin (from a network supporting infrastructure perspective) what other major universal defi system of ledger/blockchain exists? Aside from Etherium or Cardano. Is there another secure defi network of blockchain technology that's not as controversial in the finance and regulatory world that can serve as Bitcoin's network currently does?

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That's really cool you are starting a mining operation. Renewables? Flares? What are y'all using power wise?

And yes, BTC would definitely fit your use cases the best, with only possible exception being what you mean by DeFi (then ETH might be better)

If it's DINO it's not DeFi.

Comeby! said:

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Yes I do. We are teeing up a large mining operation. I intentionally lumped in 'the blockchain' as a way to oversimplify it. I have spoken to principals, executives and investors of major large scale mining operations. The main focus is on recovering their capital as quickly as possible 'because we don't know what'll happen in 18-24 months'. Now these are investors, not fanboys or HODL'ers. Risk plays a major part in their decision making. Ive personally met billion dollar Chinese mining executives who are 100% shut down I'm China looking for a place in the US to install 100-300k miners. I personally believe there will be some shift changes in the demographic of the mining community as well as the current holders of Bitcoin proper in the coming years.

So outside the gold standard that is Bitcoin (from a network supporting infrastructure perspective) what other major universal defi system of ledger/blockchain exists? Aside from Etherium or Cardano. Is there another secure defi network of blockchain technology that's not as controversial in the finance and regulatory world that can serve as Bitcoin's network currently does?

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Currently I do not believe there is.

In 5 years we will have a few decade old protocols that might be investment worthy but I think bitcoon will have sompletely shut alts down at some point, instead serving as the synchronizing protocol or the "timechain" that all contracts and blockchaim related services settle on.

Mining then get some girthy lightning channels going if you're looking for other opportunities.

Thats great. I've run into a few projects over the years and you prolly don't need to hear this but make sure the opportunity is real before you waste any efforts.

So one thing I've had on my mind - what happens if the Fed decides to contract the money supply to deal with runaway inflation in 2022? BTC may be thought of as an inflation hedge, but if the Fed actually sold securities on its balance sheet or increased interest rates, which there is a high probability of the latter, wouldn't that trigger a further risk-off attitude in things like BTC?

La Bamba said:

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So one thing I've had on my mind - what happens if the Fed decides to contract the money supply to deal with runaway inflation in 2022? BTC may be thought of as an inflation hedge, but if the Fed actually sold securities on its balance sheet or increased interest rates, which there is a high probability of the latter, wouldn't that trigger a further risk-off attitude in things like BTC?

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I don't think that's feasible in the current political climate. The Fed would need an astronomically strong stomach to deal with pushback from politicians, activists, journalists, etc who would blame them for the inevitable market drops and unemployment increases that would accompany such a move. They just won't do it.

The fed is a political bureaucracy now. Not an independent arbiter. Volker couldn't do today what he did in the early 80s. Loose money is here to stay until revolt/collapse.

Deluxe said:

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La Bamba said:

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So one thing I've had on my mind - what happens if the Fed decides to contract the money supply to deal with runaway inflation in 2022? BTC may be thought of as an inflation hedge, but if the Fed actually sold securities on its balance sheet or increased interest rates, which there is a high probability of the latter, wouldn't that trigger a further risk-off attitude in things like BTC?

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I don't think that's feasible in the current political climate. The Fed would need an astronomically strong stomach to deal with pushback from politicians, activists, journalists, etc who would blame them for the inevitable market drops and unemployment increases that would accompany such a move. They just won't do it.

The fed is a political bureaucracy now. Not an independent arbiter. Volker couldn't do today what he did in the early 80s. Loose money is here to stay until revolt/collapse.

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Yeah interesting you say that about the Fed as I just ran across this tweet/interview that talks about the fact we no longer have an "apolitical Fed." Seems like the only way this Crypto train loses significant speed would be if the Fed purposely trashes the economy to curtail inflation.

The Middle East, the US, pension funds.

They are lining up to participate in crypto.

- @novogratz pic.twitter.com/JULtONabEG

— Blockworks (@Blockworks_) December 8, 2021

La Bamba said:

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So one thing I've had on my mind - what happens if the Fed decides to contract the money supply to deal with runaway inflation in 2022? BTC may be thought of as an inflation hedge, but if the Fed actually sold securities on its balance sheet or increased interest rates, which there is a high probability of the latter, wouldn't that trigger a further risk-off attitude in things like BTC?

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the myriad ways the USD could go is a more reliable future good than infinitely consistent bitcoin?

How much uncertainty in future monetary policy shaped each 4 years can the public take for a world reserve currency?

I think it's becoming more obvious what people are. Housing over time.


I dont know that I answered your question, just commenting that the usd is so flexible how could it support literally anything.

ac04 said:

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if you are concerned with regulation i wouldn't mess with anything other than bitcoin. it is the only one that fails the howey test and that's why it is the only one considered a commodity and regulated by the CFTC. and why it is the only one with an ETF approved. everything else is a security and gensler has made it clear several times that more scrutiny/regulation is coming.

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Cardano passes the Howey test iirc.

Edited to correct the above, Apologies.

Cardano bypasses the Howey test..
It is a non security and avoids the SEC regulations due to the ICO taking place in Japan for Japanese investors.

"Regulation is coming"

Yea, been hearing that one for about 4 years now

The amount of bitcoin maximalism here is getting ridiculous. Maxis are toxic to the entire crypto space.

LITH ecosystem launch 11th for Alki David Art NFT.

LITH gets royalties on each sale that is going in to a LITH wallet. If LITH does well and gets the contract for the Alkis entire collection it is estimated to be worth 25% of the entire current NFT market on its own.

AgsMyDude said:

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Anyone staking these days? If so, who do you use and which coin?

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Made a few nice trades and now have some cash on the sidelines. My current thinking is to put 80%+ of it into BTC. Already have some exposure to ETH, ADA and MATIC and not really looking to go bigger there, especially after watching that Saylor interview.

Haven't really looked at this in quite some time but one of the comments above got me thinking about purchasing a few miners and hosting somewhere. There are lots of mining profitability calculators and articles but not as much that go into detail analyzing mining vs purchase in the current market.

Is this even worth any time at all researching further or should I just DCA over the next few weeks?

ac04 said:

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Quote:

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Cardano passes the Howey test iirc.

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i believe it does because it had an ICO, but passing the howey test is actually bad as it indicates it is a security. just like every other crypto that isn't bitcoin.

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Damn phone...Cardano doesn't pass the Howy test...the ICO was in Japan...thus not subject to US regulators...Charles saw this and planned for it in advance...he still talks about upcoming regulations,those needed and not, and how they built with regulations in mind.

Lol, I'll play. I've got a tiny bit of Eth2.0 staked on Kraken. Hopefully it exists some day.

I'm 95% BTC but am still staking LUNA and ONE.

The news on the most recent SOL glitch was enough for me to exit.

Where are you staying and what is your return there?

I stake through the protocols through my ledger.

Both are usually somewhere around 10%~ annually. I honestly parked my ONE and haven't checked it in a bit but that's roughly what I get in LUNA.

Great analysis on LITH Token.

Harmony site has given me an average between 18%-20% ....also haven't looked at it in a while, nor my Yoroi wallet(ADA)...one day hold period to unstake ONE.

NTXAg10 said:

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I stake through the protocols through my ledger.

Both are usually somewhere around 10%~ annually. I honestly parked my ONE and haven't checked it in a bit but that's roughly what I get in LUNA.

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Which ledger? Details man, like pulling teeth over here

Which validator? I keep an eye on it via their sit and the big dogs have been hovering around 10% for awhile.

https://staking.harmony.one/validators/mainnet

I don't understand your question then?

My coins are stored on a ledger hardware wallet. I connect to the various mainnets via my hardware wallet and stake the coins.

Done7 said:

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Great analysis on LITH Token.

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So I know the answer and tongue-in-cheekness of it all, but did you ever think to compare all the criteria he just listed against LITH?

Dang it

I would have sworn i was getting 20% earlier in the year...I know it.

Dropped down ro where you said 10-12%

Validator.One


Edited to brag: I'm in the top 120, could be a little bit closer to top 100 but I don't like giving big specifics.

LatinAggie1997 said:

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Dang it

I would have sworn i was getting 20% earlier in the year...I know it.

Dropped down ro where you said 10-12%

Validator.One


Edited to brag: I'm in the top 120, could be a little bit closer to top 100 but I don't like giving big specifics.

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Newer validators generate a higher reward in their initial epoch of being elected. It's something crazy like 100-200% and as each epoch passes -- their average goes down. It eventually levels out at the 10-12% average of all validators. It's the initial epoch of their election that makes it look like they're generating insane returns.

Interesting and very unfortunate for those affected. I hope it hasn't and doesn't happen to anyone here regardless of the token.

A comparison of #Cardano and #Ethereum 2.0 POS pic.twitter.com/P9CedqhUTx

— Rick McCracken 🇪🇺🫖💋🤗 (@RichardMcCrackn) December 9, 2021

What do we think bitcoin is going to do to close out the year? Up or down?

I thinking up. Male the bottom lines look good.

All I know is that present, it's a good buying time compared to 5 years from now.l and exponentially better than 10 years from now

Are guys like Plan B full of it?

Nobody really knows what BTC will do because you can't predict what people will do.