Altcoins, DeFi thread

[tomato14]

"We are a free market economy. They should be able to participate in that."

- Nancy Pelosi

Such a joke.

Didn’t insider do a recent review of Congress folk and it’s not Nancy, but actually Feinstein who failed to pass the equity disclaimer test?

[CordMcNally]

Didn’t insider do a recent review of Congress folk and it’s not Nancy, but actually Feinstein who failed to pass the equity disclaimer test?

Nancy likes to filter her information to her husband. I'd guess a large majority of Congress would be guilty of insider trading.

[tomato14]

Nancy likes to filter her information to her husband. I'd guess a large majority of Congress would be guilty of insider trading.

Yah, makes you wonder. There’s the STOCK act, but there are probably work arounds, like the one you proposed w Pelosi’s partner.

along similar lines, it is catching that AOC comes out saying that she does not and believes others should not hold crypto so as to not be biased when passing crypto legislation. Although I sleep better with the current WH tenant a ton more than TFG, I’m concerned with the few headlines I’ve seen in which a political advisor was dismissed from involvement in crypto legislation because they held some crypto. It’s a complex new technology; how are they going to get any insight if most, if not all, have never used it? ….or maybe I just get that impression from the CT echo chamber.

[CordMcNally]

Yah, makes you wonder. There’s the STOCK act, but there are probably work arounds, like the one you proposed w Pelosi’s partner.

along similar lines, it is catching that AOC comes out saying that she does not and believes others should not hold crypto so as to not be biased when passing crypto legislation. Although I sleep better with the current WH tenant a ton more than TFG, I’m concerned with the few headlines I’ve seen in which a political advisor was dismissed from involvement in crypto legislation because they held some crypto. It’s a complex new technology; how are they going to get any insight if most, if not all, have never used it? ….or maybe I just get that impression from the CT echo chamber.

I would put the odds at about 100% that either AOC and/or her boyfriend own crypto.

[nycEMMD]

From all crypto corners except outta CH’s mouth and following my impression is ADA is vaporware. I think it’s still so odd that it gets the MSM press that it does. Good for you walking into it and making some $ on it, but I wouldn’t put much stock in the project.

Totally agree, like I said I'm not very bullish on Cardano, don't see it outperforming in the coming years. I will say though, buying around $1 has limited downside in my opinion and the new update allowing smart contracts is causing a lot of DEXes, yield farms, NFT platforms, custom addresses to be created. A lot of these are having fair launches for their tokens. Think about getting UNI or CAKE for free back in the day (never happened because they were sold and didn't have fair launches, I know). ADA is still <1% of my whole crypto portfolio but some of these opportunities are hard to pass by. here's just a few:

DEXes: Minswap (already had their ISO but can buy their token cheaply as it was only released a few days ago), Sundaeswap (hasn't had the ISO yet, can get in any time)
Yield optimizers: Genius Yield (ISO started 4 days ago, lasting 6 months, can join anytime)
Naming service: ADA handle (waitlist just launched, can join and once your turn comes you can get up to 3 names). It's basically the equivalent to ENS on Ethereum which turned out pretty nice for me so figured I would give the ADA one a shot

[chocolatebear11]

jacoavlu hi I was curious what alt coins you are interested in that I can do my own research in.

[jacoavlu]

jacoavlu hi I was curious what alt coins you are interested in that I can do my own research in.

none

[Turf Doc]

I would put the odds at about 100% that either AOC and/or her boyfriend own crypto.

why? because theyre young or what? i dont think most people i know have crypto because im sure id hear about it if they did

[CordMcNally]

why? because theyre young or what? i dont think most people i know have crypto because im sure id hear about it if they did

Because that’s SOP for those in Congress. Believe none of what you hear and half of what you see.

[FunkDoc83]

I would put the odds at about 100% that either AOC and/or her boyfriend own crypto.

My money is on the boyfriend. Then she can deny owning or whatever, but still reap the benefits through him. But who knows....

[nycEMMD]

jacoavlu hi I was curious what alt coins you are interested in that I can do my own research in.

he’s a BTC maxi, doesn’t stoop down to the level of us plebes by buying shitcoins like ETH

[jacoavlu]

he’s a BTC maxi, doesn’t stoop down to the level of us plebes by buying shitcoins like ETH

I haven’t heard any compelling cases - based on fundamentals, not price or expected returns - to make a long term buy and hold investment in any altcoins. And I don’t “trade” or make short term investments.

Altcoins to me essentially all fall somewhere on the spectrum between small tech companies and straight up scams.

[chocolatebear11]

I haven’t heard any compelling cases - based on fundamentals, not price or expected returns - to make a long term buy and hold investment in any altcoins. And I don’t “trade” or make short term investments.

Altcoins to me essentially all fall somewhere on the spectrum between small tech companies and straight up scams.

With how the world is becoming more digital (metaverse, digital art via NFTs, digital real estate, robotics), seems like alts like Ethereum will help bridge the real world to fake world.

[jacoavlu]

With how the world is becoming more digital (metaverse, digital art via NFTs, digital real estate, robotics), seems like alts like Ethereum will help bridge the real world to fake world.

“alts like ethereum”

you kinda make my point.

personally I don’t see that stuff as a reason to want to make a long term investment in any alts. I’m not saying there won’t be other blockchains and coins. But I don’t know which and I don’t know why. And I will admit I haven’t spent much time looking.

[xraygoggles]

The airdrops keep on coming. I missed the initial Uniswap airdrop last year by like a week or two, but since then I've been lucky enough to get a bunch of them via word of mouth and just degen-ing into various protocols due to rumors of future drops.

The most recent ones were quite lucrative, depending on the amount & longevity of .eth domains (ENS token) and level of activity on OpenSea (SOS token). Anyone else get these? I got some nice 5 figure chunks from these - literally free money falling out of the sky (& into my Metamask wallet).