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08-16-2020, 10:38 PM #31
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08-16-2020, 11:38 PM #32
Yes, I didn't mean to imply they are exactly the same, but they deliver the same feels. It's definitely at the start of it this run and not the same timeframe as peak ICO 2017 bubble. But looking at what I am seeing now, you have the same FOMO into ****coins that don't have any substance, yet when they list they are hitting 2-10x, and some go even further. This is really only crypto "insiders" right now and there's little amounts of normies trickling in.
Agreed that this is nowhere near the bubble peak yet in comparison to 2017. We need to start seeing mainstream media cover this **** constantly, exchanges get hammered again where they have to stop processing new sign ups, every dog, man, and their bitch hittin you up about crypto etc etc.
The current euphoria/madness/chatter though is reminiscent of 2017 craze (just not to the same scale yet) where there were so many potential opportunities (and scams) such that if you moved away from the screen for a few hours you may have missed out on some crazy ****. YAM itself only lasted about 24 hours yet I know some people who farmed it and made out with a **** load of money++ Positive Crew ++
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08-16-2020, 11:40 PM #33
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08-16-2020, 11:52 PM #34
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08-16-2020, 11:52 PM #35
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08-16-2020, 11:53 PM #36
Yes, agreed, the tokenomics of SXP don't look so pretty LONG-term, unless they manage to get real widespread adoption and use quickly that sustains itself, thus accelerating them towards their flat deflationary token floor amount (can't recall the number from their pitch deck).
Also, the team and business gets a LOT of SXP per year to damp on market or use to incite people to join the network (who may just dump on market). Not the best things for upward price pressure. All the staking stuff also rekts price unless the stakers choose to hold (which is unlikely unless they fully believe in SXP / price increases)
Those % returns in the model are not sustainable at all. It's like DeFi right now, at the start you get insane returns but overtime will decrease as more people join the farm yield or damp the token that is farmed on market (returns will still be good tho compared to traditionals cos of the added risk/lack of middlemen)++ Positive Crew ++
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08-16-2020, 11:59 PM #37
- Join Date: Apr 2004
- Location: United States
- Age: 39
- Posts: 3,587
- Rep Power: 10594
The oracle coins, Chainlink (LINK) and Band Protocol (BAND) are doing very well.
I am watching Dia (DIA), which is a smaller decentralized oracle. They are releasing a large amount on August 18th, I am expecting a dip around then.
I will look to pick up a bag then.
Another coin that I recently starting watching is Kleros (PNK)A small loan of 1 bitcoin........
United States Marine Corps (2003-2009)
0351
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08-17-2020, 12:37 AM #38
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08-17-2020, 12:44 AM #39
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08-17-2020, 03:11 AM #40
No. Btc is fundamentally flawed. It can´t work. Jesus how not more people have figured it out shows how braindead people are. It´s unethical to support btc as I have written a series of posts on before. You are hindering innovation and supporting stagnation.
Looks like a scam. Whats the purpose of this coin?
Well that depends. I make more with trading
ETC is still valued at 800 million even though it has been 51% attacked at least 2 times. What the **** is wrong with this overvalued market. 95% of the coins in the top 100 are overvalued. This market needs to die already, so we can get rid of all the scams. Look, blockchains arent good for that much. Most projects don´t even need a blockchain or crypto. It´s exactly the same as the .com bubble, were every company was crazy overvalued just because they were an internet company. Exact same situation with crypto. It´s pretty much all moneygrabs and to surf on blockchain hype created by idiots. Yes, and it needs to be called out. most cryptos are extremely overvalued. Extremely. The market is completely delusional, so it will collapse one day
Most people don´t fathom how difficult it is to create a decentralized network, it´s an uphill battle everyday. None of the new projects are decentralized, none. Most systems trend towards centralization, and thats 99% of crypto.Last edited by PimpMasterC; 08-17-2020 at 03:30 AM.
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08-17-2020, 04:21 AM #41
If we were post bubble pop then this might make sense, although you'd still be better off just holding BTC during bear cycles or ideally getting out of crypto altogether. But if we're gearing up for a bull run then it doesn't make much sense to hold a coin with a history like BAT's IMO but each to their own
Misc Crypto Crew
BTC to $200k
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08-17-2020, 05:36 AM #42
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08-17-2020, 06:35 AM #43
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08-17-2020, 06:54 AM #44
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08-17-2020, 08:11 AM #45
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08-17-2020, 09:00 AM #46
INN or 2th page.
Repping the Ethereum and XRP gang. Been accumulating like a MF'er.
No more temptation of chasing hype trains like the last bull run. If the project isn't big enough to trade on binance i'm not fuking with it. I think Ethereum/XRP are going to pay off tremendously in November/December if you're accumulating now.
This one has potential if it's THE coin used to link Binance to fiat-debit cards.
Last edited by W1LLW; 08-17-2020 at 09:12 AM.
DCA'ing FXS since Sept2022
Kobe Forever
Black Crew
Bucks N 6
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08-17-2020, 09:19 AM #47
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08-17-2020, 09:31 AM #48
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08-17-2020, 09:33 AM #49
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08-17-2020, 10:20 AM #50
The only issue I have with SXP is that it seems to be built around the fact that it's linked to a debit card. I don't see why anyone would be excited about a cryptocurrency project that's centered around its ability to connect to old technology. Physical cards are what cryptocurrencies' aim to do away with. Make everything virtual.
You look at what China did with the WeChat, that's what the rest of the world should be moving towards, without the government spying on you of course.
In the short term it good to be associated with an debit card but I just don't think there's much room for growth there. Consumers aren't going to flock to SXP because of that. It's a novelty that's going to wear off.
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08-17-2020, 10:25 AM #51
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08-17-2020, 10:45 AM #52
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08-17-2020, 10:49 AM #53
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08-17-2020, 11:00 AM #54
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08-17-2020, 11:15 AM #55
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08-17-2020, 12:05 PM #56
Yes, the Binance card is powered by SXP. Binance acquired Swipe to power the Binance card.
SXP actually powers both Binance and Swipe.
https://www.coindesk.com/binances-cr...-markets-today
Binance fiat debit card powered by SXP:
https://www.binance.com/en/blog/4214...ches-in-Europe
CEO answered in the Reddit AMA:
********************/swipe/swipe-reddi...3-80690e2f6589
Now you see why I am so bullish on SXP. It is a total mind-eff that I can't put more money into it during this dip. I really wish I could buy the blood.
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08-17-2020, 02:24 PM #57
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08-17-2020, 02:58 PM #58
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08-17-2020, 03:00 PM #59
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08-17-2020, 03:36 PM #60
Looks like BAT already has some prototypes built for a staking system they plan on implementing
https://brave.com/themis-smart-contr...nd-sidechains/No signature
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