MISC Crypto Crew (MCC) Vol: XIV: Scaling troubles and NFT bubbles

[Muscle2021]

we all knew this was coming...

cryptos are bad but wait a minute... I am developing a new version of MY crypto that is going to be great...

like srly... who didn't see this one coming?

on the bright side my eth play is recovering I think the "market" understood his bs move after his latest tweet

Honestly you may be right... hopefully he just starts promoting an already existing green crypto like Cardano.
How is the world going to adopt a crypto for use that is widespread and available if there are new coins coming out every month with new advanced features and tech?
It's been 10 years since bitcoin and there is no widespread use.

[BetaAsPhuck]

just lmao
is elon on a drug bender or something?
there are no doge devs anymore
who the fuk is he supposedly talking to

He trolls, and plays the market like a puppet master.

Only good thing that may come from this is BTC may get flipped.

[camaleom]

Honestly you may be right... hopefully he just starts promoting an already existing green crypto like Cardano.
How is the world going to adopt a crypto for use that is widespread and available if there are new coins coming out every month with new advanced features and tech?
It's been 10 years since bitcoin and there is no widespread use.

we have had hybrid cars for awhile too and only now some people is actually realizing their potential...

you talking about a MAJOR shift in the way we do things... zhit there are still people out there that don't know how to use the internet... lol

I think the next 5 yrs or so we will see major moves in the crypto sector

[mgftp]

He trolls, and plays the market like a puppet master.

Only good thing that may come from this is BTC may get flipped.

Why is that a good thing? Because you don't hold a lot of BTC?

I believe the crypto market as a whole relies on health of their poster child.

[BetaAsPhuck]

Why is that a good thing? Because you don't hold a lot of BTC?

Because it's dinosaur tech, and has been infiltrated and manipulated by 'the elite' (many devs who left BTC talk about the shady people who were literally state employees and bank employees. Please watch the vids in the my sig thread, names are mentioned that you can research). Elon is currently a major player in it's manipulation, as we have just seen - literally 1 tweet sends it crashing.

I believe the crypto market as a whole relies on health of their poster child.

I don't share that belief. I believe long term the market will be healthier if better tech is the leader, and normies think beyond Bitcoin.

[bangwhosnext]

Both Elon and Vitalik have cost me 5 figure sums...

[Muscle2021]

as we have just seen - literally 1 tweet sends it crashing.

Same can be said about any coin

[camaleom]

Why is that a good thing? Because you don't hold a lot of BTC?

I believe the crypto market as a whole relies on health of their poster child.

100% even tho other projects have name recognition BTC is the poster child for most people

[mgftp]

Same can be said about any coin

This ^

As far as I can see BTC is least prone to manipulation. If Tesla was accepting Doge and then Elon sends a similar tweet chitting on it, you'd see a much more significant Doge drop. IMO

[dupaloop3611]

Both Elon and Vitalik have cost me 5 figure sums...

Bunch of binders taking me down

[Muscle2021]

This ^

As far as I can see BTC is least prone to manipulation. If Tesla was accepting Doge and then Elon sends a similar tweet chitting on it, you'd see a much more significant Doge drop. IMO

Actually as we speak doge is up 30% because of an Elon tweet.

[xMetalocalypse]

Both Elon and Vitalik have cost me 5 figure sums...

I'm holding tight on SHIB despite buying in at .000019. Still green but for how long who knows lol.

[Trapstar4.4]

elon is a fckhead. it's sucks because the day before that tweet i drove a friend's model Y for the first time and it was the best car that i have ever driven. i didnt realize those cars were so fcking heavy, in fact i would wager that they are the heaviest sedans on the road. seriously considering making a model S my next car. but this doge talk is annoying af. talking about talking to doge devs and sht.

im hoping the 2021 porsche panamera e-hybrid will be the best of both worlds and make me forget about tesla. trying to forget about car buying until after some sort of bull run anyway. would be a huge waste of money spending before before any kind of run

[mgftp]

elon is a fckhead. it's sucks because the day before that tweet i drove a friend's model Y for the first time and it was the best car that i have ever driven. i didnt realize those cars were so fcking heavy, in fact i would wager that they are the heaviest sedans on the road. seriously considering making a model S my next car. but this doge talk is annoying af. talking about talking to doge devs and sht.

im hoping the 2021 porsche panamera e-hybrid will be the best of both worlds and make me forget about tesla. trying to forget about car buying until after some sort of bull run anyway. would be a huge waste of money spending before before any kind of run

Electric Macan is coming.

Tesla and Elon gonna get wrecked when substantial alternatives fill the market. Don't see how they stay this far ahead in EVs years down the road. Many people even saying a Mach-E is a much better buy than a Y.

[waytoodeep03]

Both Elon and Vitalik have cost me 5 figure sums...

This shows how volatile the crypto market is. Crypto can easily be manipulated so the rich can profit while all of the HODLERS are left HODLING the bag. The rich are laughing all the way to the bank on the idiots that hold a defunct coin

A tweet in the stock market and nothing happens unless the president says something detrimental. However a celeb tweeting in the crypto market and it goes a tumblin

[entropy91]

Because it's dinosaur tech, and has been infiltrated and manipulated by 'the elite' (many devs who left BTC talk about the shady people who were literally state employees and bank employees. Please watch the vids in the my sig thread, names are mentioned that you can research). Elon is currently a major player in it's manipulation, as we have just seen - literally 1 tweet sends it crashing.



I don't share that belief. I believe long term the market will be healthier if better tech is the leader, and normies think beyond Bitcoin.

It's funny to me how people parrot phrases without any substantial understanding of what they're saying.

Would LOVE to know how BTC is dinosaur tech?

[BetaAsPhuck]

It's funny to me how people parrot phrases without any substantial understanding of what they're saying.

Would LOVE to know how BTC is dinosaur tech?

It's extremely limited in what it can do in comparison to many other cryptocurrencies.

Slow, expensive transactions, no privacy protocol, no smart contract capabilities, and no token capabilities. XMR, DASH, Bitcoin Cash, PIV X, Pirate Chain, Smartcash and Z cash are literally all faster, cheaper, most have privacy capabilities, and have capabilities outside of just transactions.

(E.g. Tokens and NFTs are available on-chain on Bitcoin Cash, also a social network has been built on-chain on Bitcoin Cash. Pirate Chain devs have created an amazing amount of tech for the currency, from an operating system, to encrypted messaging, to a payment system - not third party devs, the actual currency devs built them. Dash has private send option, instasend, and standard.)

Lightning Network has been in development for years and every year there are promises that it will be ready for mass adoption. Running a node is extremely complicated, it simply can't scale, is also centralized and people can't receive payments offline.

TLDR: Bitcoin can literally only do one thing, in a slow and expensive way.

[dankydank]

Dips probably over. Stocks recovered. Maybe the Binance liquidations changed the algorithms to stop dipping. Only had about a 4% pullback

[BredRoller]

Thanks to whoever was talking about MATIC (Polygon) here. Up over 120%. Only regret is not putting more on it initially a few weeks ago. Might be too late now.

[lntense]

Actually as we speak doge is up 30% because of an Elon tweet.

But it was positive

[BetaAsPhuck]

Thanks to whoever was talking about MATIC (Polygon) here. Up over 120%. Only regret is not putting more on it initially a few weeks ago. Might be too late now.

I don't think you are late.

ETH isn't going anywhere, and MATIC's transaction volume is increasing and it's supply on exchanges is going down.

BSC literally reached it's limits the past 2 days, and was laggy for a while and was unusable for about 6 hours. IMO it's just a matter of time until MATIC really explodes. Just my opinion.

[mgftp]

It's extremely limited in what it can do in comparison to many other cryptocurrencies.

Slow, expensive transactions, no privacy protocol, no smart contract capabilities, and no token capabilities. XMR, DASH, Bitcoin Cash, PIV X, Pirate Chain, Smartcash and Z cash are literally all faster, cheaper, most have privacy capabilities, and have capabilities outside of just transactions.

(E.g. Tokens and NFTs are available on-chain on Bitcoin Cash, also a social network has been built on-chain on Bitcoin Cash. Pirate Chain devs have created an amazing amount of tech for the currency, from an operating system, to encrypted messaging, to a payment system - not third party devs, the actual currency devs built them. Dash has private send option, instasend, and standard.)

Lightning Network has been in development for years and every year there are promises that it will be ready for mass adoption. Running a node is extremely complicated, it simply can't scale, is also centralized and people can't receive payments offline.

TLDR: Bitcoin can literally only do one thing, in a slow and expensive way.

A lot of what you saying isn't wrong but the argument you are making is somewhat narrow. To look at the other side, what about those who view BTC as an invesment or store of value. Owning and investing in gold is dinosaur tech as well yet it has been the go to for many people for a long time. First to market, proven, well know, well distributed, and easy access are more of a reason for BTC market dominance than anything such as ability to transact digital art. In fact I would say that since so many blockchains are now doing the same things and new ones can more easily be created faster than ever, many of them just cancel themselves out.

[BredRoller]

I don't think you are late.

ETH isn't going anywhere, and MATIC's transaction volume is increasing and it's supply on exchanges is going down.

BSC literally reached it's limits the past 2 days, and was laggy for a while and was unusable for about 6 hours. IMO it's just a matter of time until MATIC really explodes. Just my opinion.

I feel the same about ETH. I will probably add to my position there soon. I should've done it yesterday with the dip.

I hope you're right about Matic. How is it possible to have transaction vol increasing but supply down? ELI5?

[BetaAsPhuck]

A lot of what you saying isn't wrong but the argument you are making is somewhat narrow. To look at the other side, what about those who view BTC as an invesment or store of value. Owning and investing in gold is dinosaur tech as well yet it has been the go to for many people for a long time. First to market, proven, well know, well distributed, and easy access are more of a reason for BTC market dominance than anything such as ability to transact digital art. In fact I would say that since so many blockchains are now doing the same things and new ones can more easily be created faster than ever, many of them just cancel themselves out.

I believe that BTC works well as a store of value or speculative asset. It also has a massive brand recognition and network effect, that isn't going away any time soon.

I believe however, for the market to mature that other cryptos with better tech need to flip Bitcoin. The poster child kind of frames the way the industry is seen by normies.

Most people just know about cryptocurrencies and think that is all what people mean when they talk about crypto, and have no idea about smart contract crypto projects. Despite them being significantly more impressive and disruptive than Bitcoin, because they double as both a currency project as well as a program that Apps can be built on.

[BetaAsPhuck]

I feel the same about ETH. I will probably add to my position there soon. I should've done it yesterday with the dip.

I hope you're right about Matic. How is it possible to have transaction vol increasing but supply down? ELI5?

Regarding the MATIC supply crunch, I'm only speaking about the amount of MATIC that centralized exchanges have to sell to customers is going down. As people begin to store and stake MATIC, the less is available for sale.

Also, transaction velocity can be decoupled from transaction supply (the velocity of money is important in economics). Meaning a limited supply of MATIC can be used for a high amount of transactions - MATIC just goes from one entity to another without people storing it.

However, we're talking about exchanges having a limited supply. So people are likely just taking it off exchanges to use the MATIC ecosystem too.

[Luc1fer]

Most people just know about cryptocurrencies and think that is all what people mean when they talk about crypto, and have no idea about smart contract crypto projects. Despite them being significantly more impressive and disruptive than Bitcoin, because they double as both a currency project as well as a program that Apps can be built on.

That's why I invested in ETH and not BTC in mid-2017.

[Abzu]

It's funny to me how people parrot phrases without any substantial understanding of what they're saying.

Would LOVE to know how BTC is dinosaur tech?

You're def barking up the wrong tree there, Beta is probably on of the smartest posters on this whole forum.

If he made a claim, I can guarantee he thought about it deeply and can back it up.

I actually been meaning to talk to him about emerging crypto.

[camaleom]

I don't think you are late.

ETH isn't going anywhere, and MATIC's transaction volume is increasing and it's supply on exchanges is going down.

BSC literally reached it's limits the past 2 days, and was laggy for a while and was unusable for about 6 hours. IMO it's just a matter of time until MATIC really explodes. Just my opinion.

shhhhhh...

[ghostfacedup]

He trolls, and plays the market like a puppet master.

Only good thing that may come from this is BTC may get flipped.

He's also a puppet for the bigger puppetmasters, as you can see here:

https://twitter.com/elonmusk/status/1392947696470659072

[waytoodeep03]

Is there anywhere that we can invest in the transaction fees on the ethereum network? Someone is making ridiculous bank with these high GAS fees.


Swapping $500 worth of shib is almost 70 bux