Let's talk about Cryptocurrencies

[Krovikan]

Originally Posted by topfiverecords

BTC to a million.

Eventually, probably 8-12 years out though

[topfiverecords]

Originally Posted by Krovikan

Eventually, probably 8-12 years out though

But dino said sooner.

[dino7c]

Originally Posted by topfiverecords

But dino said sooner.

nah, that is about the range I said

with all these so called crashes the coins just end up in the hands of those better equipped to deal with the volatility

I haven't bought BTC for almost 5 years now

[Winsor_Pilates]

Isn't this Dino?

https://twitter.com/whale_alert/stat...kmBPeoVrQ&s=19

[dino7c]

I wish

[Winsor_Pilates]

So do I.
What were they doing for 11 years?? Just found an old password or something and remembered they had $23 million in Bitcoin? Crazy

[afc wimbledon]

Originally Posted by Winsor_Pilates

So do I.
What were they doing for 11 years?? Just found an old password or something and remembered they had $23 million in Bitcoin? Crazy

seems more likely someone has just found a way to steal it

[Krovikan]

Or someone was sitting on the account for years, and finally decided to cash out.

[afc wimbledon]

Originally Posted by Krovikan

Or someone was sitting on the account for years, and finally decided to cash out.

seems unlikely, if you were betting on crypto you would add to your position, if you couldnt afford to do that you would eat into the balance

[Winsor_Pilates]

A beating today on the crypto markets again, most coins down 10% or so.
Bitcoin now up only 10% from a year ago.
I still see a lot of long term gains here, but ugly right now.

NFT trading is going crazy though. I think we'll see some crazy NFL value rises in 2022 instead of just watching coins go 100X or 1000X.
The meme trader types seem to be acting in that space more specifically now.

[TorqueDog]

Related to crypto vis-à-vis mining hash rates, looks like the ‘Lite Hash Rate’ implemented on RTX 3080 Ti cards can be worked around (at least for some of them) by flashing an RTX 3090 bios.

https://www.tweaktown.com/news/83728...ade/index.html

[dino7c]

Originally Posted by Winsor_Pilates

So do I.
What were they doing for 11 years?? Just found an old password or something and remembered they had $23 million in Bitcoin? Crazy

most of my crypto is in cold storage...I went 3 years without having a peak at one point

11 years is a lot though

[dino7c]

Originally Posted by Winsor_Pilates

So do I.
What were they doing for 11 years?? Just found an old password or something and remembered they had $23 million in Bitcoin? Crazy

most of my crypto is in cold storage...I went 3 years without having a peek at one pointhttps://forum.calgarypuck.com/index.php

[Canadianman]

Preparing my crypto taxes for 2020, I think I'm going to use Koinly. Anyone in a similar boat, let me know.


Koinly has a $20 referral program, where each person gets $20 back. If there are a few of us, we should be able to set up a bit of a daisy chain of referrals.

[Winsor_Pilates]

You pay taxes on crypto??

[chemgear]

Hell of a side hustle. Would be an interesting discussion with your accountant about paying taxes on those fart NFT's.

https://twitter.com/user/status/1478621699482529792

[Fuzz]

Did you ever wish someone could find a way to combine crypto currency, NFT's, crowd funding, frivolous lawsuits, stock market type investing and gambling? Well lucky you, the collapse of society continues...

The way it works is a little like a crypto-infused and lawsuit-focused GoFundMe, if the crowd stood to profit from their investment. The company takes advantage of a rule created through former President Barack Obama’s JOBS Act, which allowed a private company to crowdfund up to $5 million from Americans, regardless of their wealth. Using the Avalanche blockchain, Ryval will allow “all investors regardless of accreditation status” to purchase tokens associated with a specific case and then hold or trade them on the open market. Whoever owns the token at the time of a settlement or verdict then cashes in.

https://www.vice.com/en/article/v7d7...-crypto-tokens

[Sluggo]

Originally Posted by Fuzz

Did you ever wish someone could find a way to combine crypto currency, NFT's, crowd funding, frivolous lawsuits, stock market type investing and gambling? Well lucky you, the collapse of society continues...

Roblox checks many of those boxes and its user base is mostly children

[tony-soprano]

$FLUX has joined Nvidia’s inception program, should provide them with resources to accelerate growth on Web 3.0 development.

As for crypto/stocks in general, 2022 will be an interesting year with planned interest rate hikes to lower inflation. Should be opportunities to accumulate some projects with a lot of potential at discounts.

[Fuzz]

https://moxie.org/2022/01/07/web3-fi...pressions.html

While this is a review of web3, it touches on a lot of crypto, blockchain and NFT issues. It's probably the most honest assessment I've read, and includes the author going through the process of discovery about these technologies. A bit of a read, but worth it.

These client APIs are not using anything to verify blockchain state or the authenticity of responses. The results aren’t even signed. An app like Autonomous Art says “hey what’s the output of this view function on this smart contract,” Alchemy or Infura responds with a JSON blob that says “this is the output,” and the app renders it.

This was surprising to me. So much work, energy, and time has gone into creating a trustless distributed consensus mechanism, but virtually all clients that wish to access it do so by simply trusting the outputs from these two companies without any further verification.

So as an experiment, I made an NFT that changes based on who is looking at it, since the web server that serves the image can choose to serve different images based on the IP or User Agent of the requester. For example, it looked one way on OpenSea, another way on Rarible, but when you buy it and view it from your crypto wallet, it will always display as a large �� emoji. What you bid on isn’t what you get. There’s nothing unusual about this NFT, it’s how the NFT specifications are built. Many of the highest priced NFTs could turn into �� emoji at any time; I just made it explicit.

All this means that if your NFT is removed from OpenSea, it also disappears from your wallet. It doesn’t functionally matter that my NFT is indelibly on the blockchain somewhere, because the wallet (and increasingly everything else in the ecosystem) is just using the OpenSea API to display NFTs, which began returning 304 No Content for the query of NFTs owned by my address!