• Register
  • Sign In
  • Main Feeds
  • Daily Prescription
  • The Public Square
  • The Dark Winter
  • 5th Gen War
  • Wallstreet Bets
  • Messages
  • Forums.red
  • Tribe Feeds
  • TheRedPill
  • Tribe Chat Rooms
  • Tribe Management
  • Create New Tribe
  • Manage My Tribes
  • Find New Tribes
  • Rational Male User Content
  • Curated Collection
  • All User Blogs
  • Recent News
    • Redesign Complete!
      Our new Design for TRP.RED is now live! Visit our Development Updates tribe to discuss redesign, features, or bugs!
Viewing Thread Close





Close Thread
    

Copy Permalink

destraht

3 hours ago  Wallstreet Bets

@arakouzo We don't really know the ideal built-in inflation and deflation constants to create the ideal currency. The problem with inflation in a fiat currency is that while a small amount of inflation is useful to the economy at large, very particular people are able to unfairly leverage this by being the people who know first what the rates will be changed to and being the closest to the creation of the new currency. If inflation were built into a currency such that nobody benefited according to the algorithm then it could offer the same subtle push to not hoard the currency forever. The problem with Bitcoin and all other cryptocurrencies that I'm aware of is that the initial time to create coins is incredibly easy. This means that there is more incentive to pump endless new coins. Who the fuck has all of those early minted Bitcoins?

My take on the situation is that Bitcoin has been selected to go pretty big precisely because it is highly non-ideal. Segwit can be used one day in the future for a treatified miner consortium to steal / seize coins, transactions times will be slow enough so that an overlayed clearing network such as Lightning Network will be used to make it viable. There is already much better tech than Bitcoin. As a forty year old techie I'm quite aware of how often the worse and more corruptable tech wins out simply because it is pushed by major corporations and government. As I often do here I'll reference my normie mom (since I don't care to know any other Western normies at this point in my life). She would absolutely jump on an Apple iPhone Bitcoin system and she would feel like a hipster rebel while doing it. Go girl! Bitcoin has that sort of easily recognizable sexy factor while actually not being that interesting anymore (from the perspective of someone who knows anything or something).

The elite's drag society forward by the nose ring. Now Bitcoin might very well be the huge investment opportunity since millennials and Mom can both be convinced of such a thing for different reasons. I'll argue though that when you have Hollywood, Big Finance, Big Tech, Big Sports, etc all pushing BLM then it's probably not quite where it's at, know what I mean? Mom is pretty good at being an advanced more intelligent than average absolute-normie-norm and it's sometimes done pretty well for her. I'd just caution any actual rebels to consider how rebellious they are actually being when they standing hip-to-hip with Mom. Make a profit, play the game fine. How much of it though is fundamentals, how much of it is the corralling of an absolutely captive population with their 401k's and all of their managed stupid-ass smart money?

Someday soon the globalists might have such control over the world that a few generations have grown up without knowing what a genuine economic breeze feels like, but I'll be damned before I go off into that easy night before my time has come.

Read More
    

Copy Permalink

Osiris

10 hours ago  Wallstreet Bets

m.youtube.com/watch?v=pvqscxh-v5y

A 3 minute explanation on Cardano tokens. I had no idea they actually bypassed the smart contract, and the integration with Daedalus looks smooth asf.

    

Copy Permalink

arakouzo

about a day ago  Wallstreet Bets

@jpwilk Most but not all cryptos limit what can be mined. By design, they get more and more difficult to mine over time until eventually it hits the maximum amount allowed to be circulated and there's no more to mine. Then, people just trade around what exists.

Other cryptos don't limit mining in that way but periodically burn off coins. Some inflate forever, but those are usually situational tokens that get used for stuff.

1
    

Copy Permalink

jpwilk

about a day ago  Wallstreet Bets

@arakouzo I wondered when Crypto will inflate due to computational firepower. Eventually, there will be an algorithmic arms race to mine as well as possible. If anyone dominates the problem, they will mine too many and devalue the product.

1
    

Copy Permalink

arakouzo

about a day ago  Wallstreet Bets

@Fawk_Face I'm worried a little bit about where ADA caps out and how much of the ship has already sailed. It's got 300 times as many coins in circulation as ETH. Even if the technology is awesome, we probably won't ever see a $2000 ADA. It might not even crack 10$. It looks like there's still room to grow, but with the high market cap, it's going to take a lot of activity to budge the price.

I think the people who got in at 10-20 cents will do really well, but the people FOMO-buying in at 1.30 might end up seeing a slow 3-5x rather than a sudden trip to the moon.

1 2
    

Copy Permalink

Osiris

about a day ago  Wallstreet Bets

@redpillschool

Update on ADA tokens, that’s happening today! They are hardforking the coin in an update and users will be able to develop their own tokens from that point on.

emurgo.io/blog/what-is-the-future-of-the-cardano-blockchain-after-the-mary-hard-fork

Explaining the Mary hardfork.

Would you be interested in a Cardano based token? I’d be willing to put hours in to make it happen. Let me know.

EMURGO | Providing Global Blockchain Solutions
EMURGO is a global blockchain technology company providing solutions for developers, startups, enterprises and governments | EMURGO
    

Copy Permalink

redpillschool

about a day ago  Wallstreet Bets

@Fawk_Face I've been doing the USD -> BITCOIN -> BITTREX route to get ADA

1
    

Copy Permalink

Fawk_Face

about a day ago  Wallstreet Bets

@TiberiusBravo87

I wish coinbase had ADA, would make it a lot easier.

Relatable.

1
    

Copy Permalink

TiberiusBravo87

about a day ago  Wallstreet Bets

@Fawk_Face I wish coinbase had ADA, would make it a lot easier. Right now I have real life bills/expenses keeping me from buying anything else no matter it's low price, frustrating to say the least.

1
    

Copy Permalink

Fawk_Face

about a day ago  Wallstreet Bets

@arakouzo

I'm still bull on ether.

But now that I know about cardano i'm not as much.

When ether gets back up to $2,500 I plan on selling most of my ether.

and converting it to Cardano (ADA).

I'm gonna split my portfolio between Ether and ADA.

2
Load More


Wallstreet Bets

Created By bambinosupremo

Discussion about the meme market and the latest news on meme stonks.


20 Members

Public Tribe

Unsubscribed
Chatroom

Tribal Texts

Discussion about the meme market and the latest news on meme stonks.


The discussion here is not meant to be taken as financial advice. Only a fool would take anything here seriously.


Apparently the top mods secretly kicked out all the WSB mods and replaced them with evil dopplegangers. They are now chatting about stocks they like at https://www.reddit.com/r/wallstreetbetstest/


Guide to Cryptocurrency Tax Reporting 2020

  • Advertise Here

Sponsors


Back to Top © 2021 Forums.RED All Right Reserved | Page generated in 0.2349 seconds.