Official Bitcoin Thread

[noskey]

Corrupt Catz was a ****show. Got DDOSd immediately and the minting stopped. Running now but will close and burn unminted cats at 10am tmrw.

 

[heyson]

gonna try to grab a de god and then cool out for a bit

maybe another meerkat but idk

 

[pdino]

I'mma try to cop some of these NFTs when home from work. Degods site is pretty funny. Looks like some bros put it together

 

[noskey]

I'mma try to cop some of these NFTs when home from work. Degods site is pretty funny. Looks like some bros put it together

Catz still has minting open til tomorrow and looks like it wont sell out. 30% royalties ain't too shabby.

 

[pdino]

I'm scouting out NFTs via: https://nftcalendar.io/
I'm only mentioning ones with royalties/passive income cause... that's what I'm into

Real fake doors: 0.02eth Oct 8th-100% of secondary sales goes to real fake door holders
Dope cow club(sol): Oct 9th- Upto 85% royalties to members
Lanabot - 3 sol, Oct 9th- 100% of royalties will go towards Lanabot holders.
Cool tigers millionaires country club: Oct 10th 8pm est, 0.5 Sol- Minters of CTMCC will receive 15% for all secondary market sales and holders will receive 85% of all royalties.
Rekt Racoons: oct 11th-14th- profit sharing (50% of royalties from OpenSea secondary sales market will be distributed to Holders monthly)
Solyetis: 1 Sol Oct 12th-75% of royalties to holders/minters

Not a comprehensive list, just what I could find

 

[johnnyredstorm]

BAYC plans to drop a token next year. Just wants to be compliant w regs.

 

[truss]

BAYC plans to drop a token next year. Just wants to be compliant w regs.

will the token be secured by BAYC pieces?

 

[johnnyredstorm]

will the token be secured by BAYC pieces?

No details yet but you’ll need a BAYC to get the yield/token. Not sure if mutants will count but if they do, it would be at a lower rate I imagine.

 

[stick]

Guys if you miss out on mints, don't be afraid to snipe near the floor on secondary markets immediately after listing. Lots of people don't know/care what they have and just wanna secure a quick 2x profit. I grabbed a rare Angry Bunny and flipped for 18x net in within an hour. It doesn't always work out that smoothly but if you're sniping near the floor your risk is the same as if you had simply minted. NFA .

Spoiler

 

[heyson]

true stick . I’m keeping my eyes peeled for the de gods market. mint was pretty bad, but if some paper handed a$& lists low I’m sniping

 

[johnnyredstorm]

Unless you really care about the jpeg or are buying rares, sweeping the floor is the move vs buying the middle.

was trying to buy another bear but by the time I moved money around the one I wanted got sniped. Will wait for next time.

supducks are letting you turn king frogs into megatoads. Think you need two to do it

 

[stuntman mike]

i’m only gonna buy stuff that i make me smile or chuckle so PA will not affect me.

 

[Air Champa]

Ethereum 2.0’s first upgrade will happen this month — a step closer to denting the competitive advantage of ‘Ethereum Killers’ | Business Insider India

ethereum 2.0 ethereum vs ethereum 2.0 ethereum vs cardano ethereum vs solana ethereum smart contract what is smart contract altair upgrade altair hard fork

www.businessinsider.in

Article brings up a good point. How many PoS blockchains do we really need? Is there gonna be enough room for everybody?

 

[JusaVibe]

tbh this nft movement is reminiscent of the .com bubble
i'm listening to some twitter spaces and all these projects releasing say they are developing a game, they are artists, they are building a community, but when you hear them present their project they don't have a convincing plan. it's like how everyone added .com to their business during that bubble. i believe nft's are legit and will be around, but it is way way over saturated atm

edit/ most dont have a plan at all

its like 2017 ICO mania. 90% of them will be dead or at the bottom when this cycle is over, same with "masternodes" which I didnt even know people were still doing (see how well that went last cycle when the music stopped).

Think about it do you really want to let go of your precious ETH, SOL etc for an NFT that when the actual asset runs up you cant be liquid with the NFT because nobody is trying to buy it anymore .

Blue Chip or not in the next bear they will all come down

NFTs are cool but just dont get caught up in the hype and go big then get in and get out

 

[johnnyredstorm]

My plan/hope is a big run in eth causes a fiat rerating of NFT’s driving down their eth price and allowing me to take partial profits into yield bearing NFTs below today’s ether price

stackedtoadz are paying out $50 a day at a 2.35 floor. Tempting especially since this could pull an anonymice and quickly shoot to 10 eth. But I’m struggling w parting w my extra eth. So many projects I want to own too. Bleh

 

[1c3m4m]

Can someone explain what Biden is trying to do here?

 

[johnnyredstorm]

Can someone explain what Biden is trying to do here?

Banks are lobbying him to regulate and slow down crypto to prevent savings accounts deposits from slowing down and causing widespread liquidity issues and contagion until they can utilize defi on their back ends to deliver a fairer yield to its customers and keep business in its doors and away from defi protocols.

 

[wr]

One-Year Anniversary of Reg D Change - Impact to Savings Accounts

One year after the Fed announced the Reg D change, I thought it would be interesting to review the latest policies of a few popular banks and credit unions.

www.depositaccounts.com

After this, there's technically no difference between checking and savings account.

 

[Air Champa]

Yeah I still got a threatening letter from my bank for making more than 6 withdrawals in a month this year. F em. I'll just leave more money in my crypto wallet when I sell and not move it to a bank unless needed. Lets see how they like that.

If they want our money they can offer competitive returns then. Of course they'll run to their favorite senator or congressman instead of doing that. Scumbags.

 

[wr]

Banks are lobbying him to regulate and slow down crypto to prevent savings accounts deposits from slowing down and causing widespread liquidity issues and contagion until they can utilize defi on their back ends to deliver a fairer yield to its customers and keep business in its doors and away from defi protocols.

Defi is in direct competition with banks. Defi is how money market and other pools of liquidity work. But people have direct access with crypto as opposed to the bank holding on your behalf.

 

[1c3m4m]

How can he ‘slow down’ crypto? Is that even possible

 

[wr]

How can he ‘slow down’ crypto? Is that even possible

Enforcement by regulation which pushes the entire industry to other countries.

 

[1c3m4m]

^ ah got it

But wouldnt it be foolish to not hop on it than try to go against it?

 

[johnnyredstorm]

They’re not ready to fully hop on it and true train is running away before they can be aboard. Banks and institutions can’t really do things that fully take advantage of crypto without KYC and regulated offerings. That’s why compound and aave are building those products. At some point, you’ll see the tune shift slightly. Regulation will become more normalized so they can get their fair share of every transaction, defi will be on the backend of banks to enable yield that isn’t manipulated by the fed to preserve savings accounts, and farmers will be able to get the higher but riskier returns on their own.

5 years from now we won’t even remember this fud.

 

[stuntman mike]

from everest CEO tg AMA yesterday replying to a question about their DEX moving to their own chain in november. he has been in talks with regulators and banks for years now.

johnnyredstorm everest is the one doing identity for the AAVE platform.