Hey Daal, what is your opinion on Hex? Just saw a video on it. Surprisingly, I can't find any way to buy it even if I was interested. It doesn't seem to trade on Kraken. As an aside, its crazy to think of the huge opportunity missed in BTC from 2013. Then of course ETH also had an amazing run form about 2017 when it was just $10. But what really amazes me is some of theses new coins that were less than a penny just a year ago trading for over $1 now, so a 100x gain in a year. Is there still anything left with this potential?
https://www.elitetrader.com/et/threads/is-bitcoin-hex-a-gigantic-pump-and-dump.360876/ I actually claimed HEX back in 2019. It was a free airdrop for 1 year for BTC holders. I made a few thousand and moved on. Had I converted ETH to it when I claimed the drop, I would have made a fortune Its a scam though, so be careful
Thanks, that's all I need to know. I just want to get into something legit that I can hold, or maybe at least swing trade where I just need to look at it weekly. I'm also fully immersed with futures trading, but just trying to not miss the next big thing. I bought lots of silver in 2013, and I cry to think that if only a small portion of that was put into BTC, I wouldn't be worried about trading anymore!
Love your last line in that thread.... "Illiquid as hell, the float is very controlled. The guy who created it, Richard Heart, is now talking about on twitter about how he raised $27M for medical research and also displaying wealth by showing rolexes he is buying. Classic signs of a scam"
I think ETH is still cheap. I'm looking for a run to $10-$20K in the next 6 months. Only risk what you can afford to lose and I'm not giving investment advice
Brillant. Any trader or investor who is not into crypto it completely out of touch with the markets and should not be relied upon opinions, advice or anything else really. And that includes 'legends' of finance
I thought I was getting in late buying Bitcoin in June 2017. I also saw a video of a Bitcoin guy all bummed out saying how he was a 'late adopter' when the price was at $15. Its still resonably early for crypto and for NFTs, we are still in the caveman age with the giant gas fees, difficult wallet experience, slow websites, etc. NFTs are less than $10B right now, that will probably be hundreds of billions in the future. So its still so damn early, its nuts that I'm even lucky enough to even know about it
Daniel Negreanu (famous poker player) bought Vee Friends today. It feels like NFTs are about to go more mainstream viral in the coming months
I was playing around with simple Ethereum smart contract creation and NFTs on Ropsten (Ethereum testnet) and I started to wonder what is the difference between Ropsten and BSC/Polygon/XDai. They look all awfully similar, they are all 'forks' of Ethereum. Transactions are basically free on Ropsten (since you can get testnet ETH for free) but after you deploy the NFT, it can interact with a website through web3 just like mainnet tokens. And as a long as Ropsten exists, the NFTs will exist. The Ethereum community shutdown a testnet a few years ago and presumably, all the data as lost for those that didnt backup. So that's the real risk, the risk that the network will dissapear. Which incidentally, is also the risk of BSC, Polygon and XDai because they are centralized. They wont shutdown by choice like some of the testnets (so I guess thats why they charge a little for their service), but governments might come after then and force their closure. I suppose, one way to ensure a protection against this is to make snapshots of the relevant part of the ledger (say, the creator of an NFT, takes snapshots of who owns his NFTs) as a safe backup so that can be restored in another chain if that network is shutdown. Another method would be to automatically deploy that NFT on all those cheap chains and give buyers of the NFT (say on Polygon) an option to also redeem the NFT in other chains (say BSC and XDai) as a safety mechanism. Although, it can get messy as people trade that NFT in one chain and try to reclaim in another, so a lot of coordination would be required But what struck me of using Ropstein for create NFTs, is that the same 'benefits' that people pitch as being positives for BSC, Polygon, xDai can be found for free on Ropstein. If I have a ticketing company, I can issue tickets on Ropstein for free and superfast but sold for payment with ETH on mainnet (when the ETH mainnet smart contract receives ETH, my centralized node can then issue a Ropstein NFT to the same address) . Then people interact with a website or in person with a QR code to prove that they have the ticket. Those people can then trade those Ropstein NFTs at no cost but for real world value (if the tickets have the ability to be used over and over for 1 year for instance) So it seems to me that all these 'cheap' alternatives to Ethereum are just premium testnets because whatever they can do, testnets can do as well. But presumably, they are a bit more secure than a PoW testnet that can be 51% attacked easily. But they are also much more centralized and very exposure to government pressure, particularly BSC and xDai. But it was funny when I was using Ropstein, it feelt so much like using BSC and Polygon except I didn't had to pay anyone
BSC, Polygon and xDai also help to support the Ethereum monopoly because the same exact solidity code that works on Ethereum works on those chains (and I deployed the same NFT on Polygon, xDai and Ethereum Ropsten today). So they pretty much work like premium testnets, they further help solidify the Solidity standard and no matter how hard they try, they are extremely unlikely to overcome Ethereum on decentralization and liquidity. So effectively, they work for the Ethereum community. They are pretty much premium testnets, similar to how Polkadot has Kusama as a testnet that has marketvalue. BSC/Polygon/xDai are the Kusamas of Ethereum Anything deployed on a testnet does not have a feel that is very valuable or that it deserves premium prices. So I bet all this NFT stuff coming out of those chains will never achieve that much value. There is also a NFT spam problem there, its too cheap to create an NFT and then send to people. And its not a suprise that spam is very common on Ropsten, I have many erc-20 tokens in my Ropstein ETH addresses that I never requested, that is pure spam The question is them, are SOL and ADA different? well, they BOTH support solidity as well, and they follow the route of 'low fees, high throughput' so they are starting to feel a lot like premium testnets as well but I'm just thinking out loud here. I need to learn more about those protocols