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Here you'll find info about artists, rumors, camping tips, and the infamous Roo Clues. Have a look around then create an account and join in the fun. See you at Bonnaroo!!
FYI Silver Surfer and anyone else with assets on a CEX, Coinbase included language to their 10-Q this week (tldr: if we go bankrupt, your coins may be gone) and loopers started withdrawing LRC en masse today. Interestingly, Coinbase and Layerswap stopped withdrawals because Coinbase “ran out of liquidity”.
Move your shit asap.
Coinbase has run out of LRC now on 3 or 4 occasions in the last 24ish hours and can’t seem to keep up with withdrawals. They theoretically shouldn’t have an issue if they held all their clients’ coins.
If you plan on holding an asset thru this crash, get it out of a CEX and onto some sort of self-custodial wallet.
FYI Silver Surfer and anyone else with assets on a CEX, Coinbase included language to their 10-Q this week (tldr: if we go bankrupt, your coins may be gone) and loopers started withdrawing LRC en masse today. Interestingly, Coinbase and Layerswap stopped withdrawals because Coinbase “ran out of liquidity”.
Move your shit asap.
Coinbase has run out of LRC now on 3 or 4 occasions in the last 24ish hours and can’t seem to keep up with withdrawals. They theoretically shouldn’t have an issue if they held all their clients’ coins.
If you plan on holding an asset thru this crash, get it out of a CEX and onto some sort of self-custodial wallet.
Yeah I finally activated my L2 wallet when I saw all this. Havent moved anything there yet but it's there. Looking into finally getting a ledger too
Silver Surfer, GameStop wallet via chrome is now available. Looks like iOS soon. I think we will be getting a steady stream of updates over the next month.
Ah yes, the “one guy gives a shitty attempt at an example and blows it so the whole technology is invalidated” argument…
It’s always easy to cut out the 4 minutes that suite your narrative. Did you bother to watch the remaining 1 hour and 30 minutes? Did you bother to read his response to the 4 minute clip? Of course not. Dude’s not an expert in DeFi and admits he fucked up.
Ah yes, the “one guy gives a shitty attempt at an example and blows it so the whole technology is invalidated” argument…
It’s always easy to cut out the 4 minutes that suite your narrative. Did you bother to watch the remaining 1 hour and 30 minutes? Did you bother to read his response to the 4 minute clip? Of course not. Dude’s not an expert in DeFi and admits he fucked up.
i feel like if your job is consulting on crypto for Andreessen Horowitz you should probably have a ready to go example that can't be immediately poked full of holes with super basic questions
What I found interesting was that you didn’t need crypto or a wallet to buy the NFT ticket.
much of the issues NFT tickets claim to solve are due to companies wanting to maximize profit - the "tech" isn't a solution to the problem because bad tech isn't the problem, it's ticketmaster and venues and promoters and artists wanting to make as much money as possible.
If the Fed announces a .75 rate hike today instead of a .5, is that going to crash the market even further or is that already been factored in this week? Or will it likely result in a really good day for the markets? I’m trying to decide if I need to reduce some exposure before 1pm or not
If the Fed announces a .75 rate hike today instead of a .5, is that going to crash the market even further or is that already been factored in this week? Or will it likely result in a really good day for the markets? I’m trying to decide if I need to reduce some exposure before 1pm or not
We will continue to drill down lower in both the stock and crypto market. TBH, we are just getting started because we haven’t even had a big market event yet in this downturn.
In crypto, it’s imperative to have your assets stored in a self-custodial wallet and NOT on a centralized exchange. Celsius Network earlier this week started collapsing and now it appears Babel Finance is having issues. I wouldn’t even trust the massive exchanges like Binance, crypto.com, Coinbase, etc.
Also, I would stay away from stablecoin Tether (USDT) at all costs. It’s slowly getting drained and it will eventually lose its peg and collapse like Terra. A lot of alt coins that don’t have utility will go to zero too.
As for the stock market, we’ve also got plenty of movement to the downside still. We are in the controlled demolition phase right now. Just like in crypto, we are seeing hedge funds start to collapse at a quickening pace. Archegos in 2021, now in 2022 we have seen Melvin Capital, Tiger Global, 3AC and others already collapsing.
Looking at relative strength, I’ve been paying attention to stock prices as compared to Covid lows in March-April 2020. SPY has already fallen from a 52-week high of 479 to currently trading around 365. It’s Covid low was 223. Other stocks like Meta and Netflix are already down to their Covid lows. I see SPY breaking 300 at some point and if things keep getting worse, 223 is in play.
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