We've now moved on from LOGE to HEX

Fukking LOL

BTC decided to move again. Might challenge 42 today

You'll see. I promise.

Cot dam, are you doing the 5555 lock up, gettin' paid regularly, and can quit your job?

I'm a big fan of Richard's streams, very insightful.

I don't think he'd rug pull because I feel like he wouldn't need to.

He retired at 25 from running his own businesses and mined bitcoin when it was mineable on just a standard PC.

I can live on just investments at this point, but I'll probably continue to keep my options open on things I can do that I would either enjoy or are valuable. Not retire in my 20s yet, but it is definitely on the horizon

Das it

Until October or early November, I set it up so my stake ends before everyone who did it specifically in years

Last year, everything pumped to get the Big Pay Day bonus, that's when I staked again. And then it sold off like 70%

I always advise people never to trade, but I probably will be up at least 1000x by then. So I might take some off the table right then and if it drops again, get back to the same amount of HEX I had before selling some

Got noped real fast

Brootal

lol who is chitting on me you scamming *******?

hmm looks like things are going well in here. Everyone taking out anger about being down money among the community.

Only up crew.

I want 600, haven't been able to get over this for a little while. My strength off the floor is what's limiting me, so I'm running smolov Jr for squats

I'm all the way up

You and Fat Joe.

Im not angry lol. Im just calling out our resident scamming ******* because now is a good time before he tries to dupe his next batch of victims

LoL, everyone knows the risk in it investing into a chit coin. If your dumbass lost money, that's nobody but your fault. Didn't know one random person on the internet could control thousands of people into making them sell. Shut your phucking ass you *******.

Thousands of people weren't selling, It was a whale dumping that caused price to crash. keep the LOGE discussion in that chitcoin thread, dont bring it here.

So this story doesn't paint the correct picture of what really happened.

The way he lumps Mt.Gox in with Quadrigcxa for example, and dismisses them as just self-enrichment is just one example of maybe knowing parts of the story, but not how the overall picture fits. Mt.Gox didn't do what it did because of self-enrichment, they did what they did because they got hacked multiple times for a huge portion of their holdings. And they were trying to somehow dig themselves out of that hole... maybe, idk, who ****ing knows.

As far as I can tell, the piece is actually quite well researched and most of the facts seem reasonably straight. But many of the "if this, then that" conclusions that are generated are a huge stretch. You can't actually know the intentions of the parties involved, what the motivations were, how these systems actually work in the real world.

For example: around the 21 minute mark

It's implied that Bitfinex may have been marketselling bitcoin in order to get enough USD to get the attestation. This is a great narrative to imply that "they crashed the price of bitcoin to get enough USD to make the attestation!" My question is, they had that money already! Other customer deposits. If they were just robbing Peter to prove to Paul that they had money, why did they need to sell bitcoin? They own the exchange and all the bank accounts, there is no point for them to sell bitcoin so that they technically "own" the usd, and then buy it all back again. They own the exchange, they can just use customer deposits to do that. There's no point in moving the market, eating slippage, and potentially being underwater.

The whole Tether narrative to me is dead now that the NYAG basically dropped their case on them earlier this year, and since Coinbase is confident enough to actually list the ****in thing.

It's funny, because for years all the narrative around "brrr fake tether print more they are insolvent to print more to buy more it's all going to collapse" has sort of... fallen off now. Things are operating hot straight and normal these days, FOUR YEARS after they lost their banking partner @ Wells Fargo.

This all being said, none of this means some shady **** hasn't gone on in their history. Crypto Capital is still a black box where nobody really knows what exactly happened, along with a few other issues over the years. They did some shady **** to get off the ground and yeah, they probably almost blew up multiple times, and actually blew up in 2018 but somehow managed to stay on the right side of things.

It's a fascinating story about a crypto bank though. I wonder if in the future we'll ever hear the full story of what things really went down.

Also, by the way, at the end, he talks about how Tether is a fractional reserve because they only hold a tiny portion in actual cash, the rest is in low-risk investment vehicles. Bad news to break it to you, but I'm sure every other stablecoin's balance sheet looks exactly the same way. The entire business model around a stablecoin is to take customer deposits and invest that cash that in other places to gain yields.

And yes Tether is huge, but so is USDC, which is 40% the size of Tether. Massive stablecoins, massive deposits.

Pls refund the 4x you made from LOGE, parker is very upset you scammed people into profit.



I already emailed CZ to fukin refund me my $650 BNB that ****in scammer.

this lol. should probably go over there and make a list of all the miscers that are prime candidates for being the next boostbrah

How many of you guys have cold wallets?
Trying to decide between getting one to be secure, but I also kinda want to keep it on an online wallet and stake

Im a degen that keeps it all on binance and metamask.

There are stable coin LPs paying 100,000% apr on polygon. Just got to hope the $1 peg doesnt break and then theres no impairement loss risk. Mark Cuban is LPing one of the coins in that ecosystem as well.

Moved some of my stables into it.

There are stable coin LPs paying 100,000% APR on polygon. Just got to hope the $1 peg doesnt break and then theres no impermanent risk at all. Peg has held for like a month so far, Mark Cuban is LPing one of the coins in the ecosystem.

Moved some of my stables into it.

A cold wallet is a must.

Have your gambling stack on exchanges and make your moves with that. Take profits and send BTC or ETH to cold wallet. Rinse, repeat.

Based

The thing that FUDDERS fail to mention is how much USDC accounts for in the stablecoin market and the protocol they follow.

Conflating tether printing with price rise is also misleading. Correlation doesn't equal causation. Both would happen in a bull market due to increased trading demand.

They've also survived multiple massive drops.

https://vfat.tools/polygon/

let us brahs know which is good

EDIT: more than half is probably rug city lmao