- 9,832
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- Jan 22, 2015
stables other than UST
stables other than UST
cs02132
Supporter
- 12,630
- 12,906
- Joined
- Nov 1, 2007
Just paid all my node fees and made another one, cost me pretty much half of what I’m making per month 
I have another node due next week or so too
I have another node due next week or so too
- 16,342
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- Aug 5, 2007
thieves
- 14,028
- 14,187
- Joined
- Dec 11, 2007
USDT market cap is $79B! If there is a bank run, I'd bet the house that they do NOT have $79B in USD in their reserves. They audit themselves. It is a ponzi scheme/criminal organization.So looking more into tether, much of it is speculation about what tether is actually backed with. Is this a concern to any of you?Lots of what I've read is a bit tin foily but given what happen with UST, I'm ready to hear it all
On another note, this guy on reddit literally called this LUNA crash to an exact T back in January and no one listened. Greed is a helluva drug!
- 14,028
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- Dec 11, 2007
I'm up $9k from yesterday so instead of being down $123k since November, it's now $114k. I've taken bigger Ls and gotten through and it isn't all my money so I'll be OK. You gotta be built for this type sht. I'd be lying though if I said it doesn't hurt a bit and if I said I don't feel stupid asf for allowing so much gains to be unrealized. That said, offing myself is not an option. Too many ppl depend on me plus I love myself too much. Money comes and goes. Time on this earth only goes. It'll get better fellas. Hold it down!
- 29,643
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- May 25, 2004
I’m not down six figures or even close to it. But I’m just like I’d of rather had a down payment on a house right about now, paid off all my debt besides a house a whole or even a damn Ducati. Anything but watching it evaporate into nothing on **** projects. 
Lessons learned, I probably over invested and went back to work luckily when everything went to zero or else I’d be selling at a loss.
Lessons learned, I probably over invested and went back to work luckily when everything went to zero or else I’d be selling at a loss.
- 12,635
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- May 9, 2004
Had this come through today.
Burnt one of my GEMMA NFT's (Tristan Eaton) for a 24 x 24 giclee print.
My phone camera is buns but the print quality is awesome.
- 14,028
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- Dec 11, 2007
I still haven't bought any NFTs. I don't wanna waste any money and I honestly don't know which ones to buy. At least ones that don't already cost a Fn fortune.
- 12,344
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- Mar 30, 2004
Solana and Avalanche are still good L1s. They are vastly different than Terra was, and the mechanics of what happened there can't happen on SOL/AVAX. I'm less bullish (and less invested) on Avalanche because in a down market I'm not sure how much ground it can gain on Ethereum if/when they ship ETH 2.0.
Solana offers different tech and as such different pros/cons/use cases vs Ethereum. But over the past 6 or so months we saw that Solana isn't quite ready for prime time. The chain was halted a couple of times and slowed to a crawl countless others due to botting. It was great battle testing though so hopefully the devs can continue to improve.
Old post of mine from August on different types of stablecoins is worth sharing again. Bit of foreshadowing there on UST
.
- 14,028
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- Dec 11, 2007
I have a pretty big bag of SOL, but I'm losing faith in it. It has shut down due to attacks like 7 times over the last year or 2. I'm convinced it's definitely no ethereum killer and it's only still running on faith. I'm getting out tbh and putting that back into eth.
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- Jan 22, 2010
with this crash taking like 7 days why didn’t people who were losing a ton pull out? I’m still new with a lot of this but I see people said they couldn’t because it was “staked” for a certain amount of days?
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- Feb 1, 2005
- 6,374
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- Mar 1, 2011
we can't lose faith during bear markets but be giddy af during bull runs.
money is made through these times, what was that analogy
johnnyredstorm
about the houses and bills?
money is made through these times, what was that analogy
johnnyredstorm
about the houses and bills?
- 12,635
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- May 9, 2004
Blind faith of a recovery for the most part.
Even with your funds staked, acting as collateral you could still access them pretty much instantly if you wanted to.
- 12,635
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- May 9, 2004
- 732
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- Feb 1, 2005
What’s your ROI on them in the last 5 years?
- 12,635
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- May 9, 2004
x10 in the last 2.5 yrs and that's with getting rekt on a couple occasions and terrible profit taking management.
But that's besides the point... I could be x1000 or flat broke.
If you give me the option of BTC vs the field I'm taking the field. And for the record I hold BTC.
- 12,462
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- Apr 8, 2009
That's an unstable coin at this point.
They're not even attacks on the network, it's just people using bots to try and mint NFTs or tickets for IDOs.
To me it's no different to what happened with the Bored Ape Land sale. The only difference is one made you pay thousands in gas fee to get into a block early and the other just accepted too many transactions which clogged up the system. The only reason the term ETH killer exists is because ETH has it's own problems too but we accept it because it came first and is built like a tank.
I wouldn't be scared of L1's because of what happened to Luna. If anything the fact that Solana has had outages and is still seeing massive adoption and growth is a good sign. That first 18 hour outage had me shook
That being said though, its nothing to take for granted. I've got a bag as well because I know it will probably outpeform ETH in percentage terms the same way ETH outperforms BTC. I just need to remember to take profits and rebalance whenever the next alt season is.
Air Champa
formerly champa
- 2,285
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- Feb 23, 2017
Some folks always like to come out from hiding to say "see I told you so" when something like Luna happens.
If people had bought a couple of dips a few days ago, they're looking at 30 - 50 percent gains this week on their money.
I'm personally moving more towards traditional finance for extra income, but I ain't running scared from still taking some risk in crypto. Really need to just manage things a little better.
If people had bought a couple of dips a few days ago, they're looking at 30 - 50 percent gains this week on their money.
I'm personally moving more towards traditional finance for extra income, but I ain't running scared from still taking some risk in crypto. Really need to just manage things a little better.
- 16,342
- 20,187
- Joined
- Aug 5, 2007
one of founders of the cosmos hub is developing a new chain similar to what solana does. i was very interested and was even gonna set up ubuntu on my pc to play with the testnet. then he posts this on twitter today and i’m like oh no 
- 36,242
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- Aug 2, 2008
Seeing the entitlement some people have in the crypto space makes me so weary of it. Even if I believe in it. (This thread is so damn refreshing in comparison to the other **** you see)
Kind of the look around the room idea.
The Bros who assume they can’t be rugged then basically ***** that so and so owes them money when they were rugged is such a bad look.
Kind of the look around the room idea.
The Bros who assume they can’t be rugged then basically ***** that so and so owes them money when they were rugged is such a bad look.
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- Sep 21, 2004
Who buying Luna right now?
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- Mar 29, 2020
Bought some for ****s and giggles with stranded UST. Purely comedic relief.
- 4,564
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- Jul 29, 2012
Luna announced recovery plan, I'm in it for the quick flip.
