@Initial-Glove What's The Big Dirty? Is that slang for a big lottery win? Or is it the opposite and slang for passive income and hiding wealth somewhere stable? Can't tell form the context.
If it's the first, you're stuck trying to find winner investments. A crypto microcap or company that moons. If it's the second, just stick some Terra stablecoins into Anchor Protocol for 20% per year and some Bitcoin on Celsius. Anchor doesn't even require KYC so if you're sneaky, you can forget to tell the government you're making interest until someone fucks it iup.
@Initial-Glove That's the signal I'm keeping an eye out for. I'm hoping it doesn't get to that point. When real talk of travel restrictions starts to rear its head, it's time to get the fuck out of the country before you can't.
In Australia, you need a special exception from the government to be allowed to leave. Otherwise, they trap you there like Communist dictatorships.
@Initial-Glove A fast return, at least in crypto, requires picking the right crypto, buying a lot of it, and having it moon. All of the little add-on payouts you get by mining or staking don't compare to the actual asset you buy going up 1000%, and you having the capital to buy a lot of it before it does that.
Staking is essentially resigning yourself to holding something longer term and making a little extra while you hold it just in case it doesn't moon. With the idea that when it does, you'll have more of it and that will be worth the time it wasn't going up in value or the times it went down in value.
Liquidity pools are actually a bit of a hedge. You're halving your exposure to the crypto. If it moons, you'd have made more money just buying and holding the crypto instead of investing in a liquidity pool for high APY. But if it goes down in value and you have to cash out while it's down, your share in the pool is only down half as much as if you'd bought and held. When you invest in a pool, you're banking that the if the crypto goes up in value, it will do so modestly such that the APY you receive plus the added value is more than if you'd just bought the crypto directly. Or that if the crypto goes down in value, it will do so modestly such that your APY more than covers the loss and you still come out ahead.
Read More@Initial-Glove I've been looking into some of the DeFi stuff on the Terra network. But there's similar stuff on the other chains as well.
Anchor Protocol and Mirror Protocol are the big two for Terra. (Plus Spectrum Protocol and Apollo DAO let you invest in the Anchor and Mirror liquidity pools through their apps, but will auto-claim your rewards and compound them for you, while paying you an incentive in their own tokens on top of what you get from those sites.)
@Initial-Glove Probably not. Mining is inefficient for most regular people with regular gear.
Staking and DeFi is how most crypto people are making free money. Instead of investing in mining gear and electricity, you invest in crypto instead (which runs the risk of the underlying asset going down in value, but that's comparable to mining if the thing you're mining goes down in value). Then stake that crypto or put it into a liquidity pool for decent APYs (typically the higher the APY, the greater the risk).
@TiberiusBravo87 It's definitely weird that this specific whistleblower story is being allowed to run wild.
What's that? We were right about Facebook the whole time? Yay! Let's declare victory!
Wait a minute... the way this victory is being played out seems awfully ineffective and controlled.
@AFTSOV That wall of text is more like a manifesto than a cogent point, and allegedly it's only Part 1 of 2. I'd welcome the opportunity to discuss some of his points, but it's way too much of a commitment to read 4 screens of fluff and word vomit to pick out the few really good take-aways and try to discuss them with a guy who won't listen anyway because he thinks he's too smart to have to listen.
@drake Expressing an opinion about a company, or something about a company that is true, is not something you can be sued for. At least not successfully.
Expressing something that is clearly and obviously factually false about a company, that you know or should have known is false, with the intent to harm their business, that actually causes harm would be libel.
But a big company isn't going to sue little old you for damages. Even if they have a case. You think a big company wants some financial verdict for some drop in the bucket amount of dollars from a regular guy with an opinionated website, plus all of the bad press that comes along with suing some regular guy for saying something mean on a website? Of course not. They'll just get your website closed down. You won't even have a choice. Your web host will receive a court order telling them to shut down your content, and that will be that.
Read More