Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.
Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.
It is a great way to stimulate engagement.
We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.
We are open 24/7/365.
Stay Informed About LEO!
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ARK buying Canadian BTC ETF. The article points towards a chart showing how grayscale is underperforming the BTC ETF.
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Here is a case of buying real land with crypto profits. We discussed this project a while back and it looks like its close to coming out. According to the comments, he plans on releasing a HE token incase people want to invest.
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It is a sound move and what the world of cryptocurrency truly needs.
We need to transition to funding real world ventures. That is vital for our progress forward.
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Yea do you plan on buying some tokens to support it? I plan on putting a little bit to support his efforts.
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I don't know about real estate tokens but I have noticed a lot of crypto users buying lands out of profit. I wonder why not buy readymade apartment instead of house?
I follow bmjc98 who recently earned 6BCH aka bitcoincash and she is planning on building her own house and the land she purchased. I have seen cases like her. I think if someone who got rich out of the splinterlands should jump in and write about it. I know many axie infinity players are writing about it on twitter.
I've seen some people using their crypto gains to buy land and built on it as well. Not for me as I don't like real estate investments but it can be profitable to some people if they know what they are doing
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Putting crypto earnings into real world projects is what we all should be striving for.
Of course, those projects should be tokenized so that we are putting crypto into real world crypto projects.
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Yes! That is the way we should go in my opinion.
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Well I do agree they should make it public but I think the reason why he doesn't want a ready made thing is because he wants something that fits in-line with his business model. On top of making it eco-friendly, he also wants to encourage more people to visit and stimulate the economy around that area.
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A ready-made apartment would be good for some people, but not everyone. If someone is going to the trouble of buying land on which to build, the home on that land may as well be built to suit the needs and situation of the buyer of the land.
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Oh awesome!
I do remember when we talked about it before. I didn't fully understand the potential of this project back then but now I'm super excited about it!
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It is really exciting to see stuff like this developing. We will see when more of the details roll out but it is a great first step.
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Yea if you like to travel, it seems like its an extra bonus since you get a discount and some of the profits.
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I just registered now. I will try my best to follow up here
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Welcome to LeoFinance. Feel free to ask any questions you have in the chat and we will try our best to answer.
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Thank you
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Hello and welcome to Leo Market Talk! Feel free to share your ideas, participate in discussions and ask questions too. This post is all about engagement
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Thank you
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Great to see you in here @talktoblessing.
Glad to see you made your way, here. Just jump right in and start engaging. We are a friendly group here for the most part.
We look forward to getting to know you.
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Thank you
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Your first post in our daily blog, we love to see it haha!
First up, welcome to Hive and the LeoFinance community.
Any questions you have or crypto/finance related topics you want to chat about, just post them as a comment in our daily threads.
Do you plan on blogging longer-form content too?
How did you find us? :)
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Thank you
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Anyone care to fill me up with some ammo for the typical question.. "what give bitcoin value" or "what gives all this digital money any value, I mean we know the US dollar is backed by something.."
Here's a quick list from the what gives Bitcoin value section of our LeoFinance guide to Bitcoin:
Most of which are the same as those giving value to fiat currencies, or at least what we perceive to be giving them value.
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The angle this person is coming from is: what is it backed by
"The largest, most decentralised computer network in the world."
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Bitcoin is backed by technology and this ^
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Bitcoin is famous for its fixed MAX supply of 21 million BTC. For years no one cared, but once people started to care it was off to the races for Bitcoin.
Many people see Bitcoin as money outside the central banking system, and they see it as a viable alternative to fiat currencies. Neither fiat currencies not cryptocurrencies are backed by anything, but people have more trust in crypto than in fiat currencies.
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In a way. There are still a great many people that trust the security of some fiat currencies, especially the US dollar which is currently the most widely accepted token of exchange.
The volitivity of cryptocurrencies still make it difficult to use as a way to use in purchases with the exception of stable coins.
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Given the nature of fiat currencies, USD reigns supreme among them, even more so than GBP, EUR, and CHF. One day it's value will reach its intrinsic value (zero), but all others will fall first. USD will be Last Man Standing, so to speak.
Extreme volatility of cryptocurrencies is the major stumbling block for acceptance by the public. Then again, that's because they are being measured against fiat currencies. Without fiat currencies, 1 BTC equals 1 BTC, 1 DOGE equals 1 DOGE, and 1 HIVE equals 1 HIVE.
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IMO: Governmemt issued Fiat currency is backed by a centralized authority who has an arbitrary power to act and implement at a whim without any input from the population. And effects these changes by the threat of force.
Cryptocurrency is backed by code, encryption, a public ledger, the network effect, the free market, and people's free choice. And if your lucky and find a place like hive, it is also backed by development and use case.
That why "fiat" is part of the phrases "fiat money" and "fiat currencies": Money forced on the people by the rulers.
Just as important regarding cryptocurrency, it's backed by trust. Even with all the pump-and-dumpers out there and all the rug pulls taking place, cryptocurrency has more trust than fiat currencies.
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Store of value , no intermediary , large amount can be trasnferred at smaller fee than traditional methods .
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Awesome!
What gives anything value other than it is an agreed upon choice by two parties or more?
Good point. Even fiat goes by this rule even though a lot of people don't see that
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To be blunt, "lack of governance from traditional govt" opens up door for mafia and black money which is mostly pumped into the crypto and that gives most crypto the value it has as of now. Because normal public who has no access to phone don't buy crypto. I know thousand of people who have computer, phone yet have never touched crypto or even understand it. So the money that is pumped into crypto market is from the white collar people who want to do dark work or mafia pumping into such coins.
Just my 2 cents of observation.
Okay? Like all the legacy institutional investors that are buying up cryptocurrency now and are pumping and dumping? I tend to disagree with your assessment, but we are all entitled to our opinions I guess. 😁
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And even governments now, as is the case of El Salvador!
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I am not saying "legacy institutional investors" are not buying it. I am saying maximum of crypto money has been mafia funds movement or VC scams.
I don't think the rug pullers or the people being rug pulled vastly worked with the mafia/black market forces. Thanks for your input tho.
USD is backed by "the full faith and credit of the government." In 2021, that means that USD is backed by nothing. It's been backed by "nothing" since 1971, but it has new meaning these days. Only the real threat of government force gives it the illusion of having worth.
Since more people than not believe otherwise, USD holds its grip on the imagination. When more people discover (to their dismay or horror) that USD is backed by nothing, confidence in USD will reach its well-earned level of worth: zero.
Wouldn't it be ironic if the federal government came to depend on cryptocurrency to pay down the national debt? Whichever altcoin gets used for this purpose will moon so high investors will find themselves in the Andromeda Galaxy. It won't happen because the people running the federal government need the people to remainin debt to maintain control over them.
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Is anyone stuck for something to blog about today?
How about getting paid to publish your findings or opinion on:
Just link to our dCity SIM guide anywhere within the post and I will pay you in both upvotes and liquid LEO for your work.
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I'm planning to work on the last topic sometime in the next 2 days! Bit busy here but I'll make some time
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Tulio:
When I was researching my parts of this, I came across this which may help you:
https://beta.peakd.com/hive-167922/@invest4free/dcity-investments-is-it-still-worth-investing
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Tulio:
When I was researching my parts of this, I came across this which may help you:
https://beta.peakd.com/hive-167922/@invest4free/dcity-investments-is-it-still-worth-investing
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Oh nice! Thank you ver much, Kevin! It's gonna help me indeed!
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I came across one other that if I run into that again I'll pass it on. It was a good one, but unfortunately I didn't save it.
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Yep, I've got you down for Should I buy dCity SIM in 2021.
Looking forward to it.
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A great initiative.
People it is a good idea to get involved with these guides that @forexbrokr and others are putting together.
It helps Leofinance with SEO as well as getting yourself some attention.
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Yep, don't underestimate the attention (and upvotes!) that contributing will earn you.
This type of content has ongoing value and LEO stakeholders notice.
Get involved :)
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Dane:
In that you have no takers and I'm bored, I'll cover:
How much dCity SIM per day can you earn?
That should only leave you one to fill.
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Cheers Kevin.
Those 32 LEO author rewards have gotta go somewhere.
Guess that's not enough incentive yet...
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All you can do Dane is ask them to help and show them the benefits. If they don't want it, oh well. You need it done to finish this off so I'll step up. You may not see it until Friday though as I have doctor's appointments tomorrow and a prior commitment for Thursday.
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Not related to the Guide for dCity Token (SIM):
I was expecting to see dripd for BRO, but I also ended up with drips for other Layer 2 tokens. One of them is SIM from dCity.
In case anyone is wondering, SIM cannot be staked. If it can't be staked, it can't be delagated or unstaked. The only things I can do with SIM is use it for the game or outright send it to someone from my Hive Engine wallet. And I'm all out of bubble gum.
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Keep in mind that you now have the SWAP.HIVE:SIM Diesel Pool.
27% APR paid in SIM.
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I'm going back and forth between this live blog and your post on the SWAP.HIVE:SIM Diesel Pool.
At the moment I have 0.053 SIM courtesy of the drips I get from @brofi. Does it make sense for me to take a dip in the diesel pool, or should I wait to have a more sensible amount of SIM? Or should I swap anyway just to gain experience from going through the exercise?
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0.05 SIM is pretty insignificant, so surely not worth it haha.
Test it out with a higher amount. Something still small, but at least noticeable like 10 SWAP.HIVE and 10,000 SIM. (So that's a 20 HIVE total investment).
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That's what I thought about the 0.053 SIM I have. It will take me years before I can swap 10,000 SIM for HIVE. My liquid HIVE is near 0.000, so it will take me a while to unstake even 10 HP.
My Resource Credits woes are nearly gone (now it's voting power that's a concern), so I can go back to earning liquid HIVE.
I'm in the middle of unstaking as many Layer 2 tokens I had staked as possible so that I can swap them with HIVE to rebuild the liquid HIVE part of my wallet. Whatever I'm unable to swap, I'll delegate to @brofi.
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Pump out some daily @crypto-guides content and let's drum up some author rewards for you!
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Since we are talking about Stablecoins, here is the list of max. yields (APY) you can get by staking them:
Do you know any other?
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It looks like Terra wins hands down...I think I heard that some Defi platforms has higher APY but its not that stable.
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Yeah. Insanely high APYs create an illusion to attract more investors. Sadly, most of them go rekt.
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Good list!
How about those UST returns.
On an algorithmic stablecoin that the US regulator can't touch.
LUNA is going to rip faces off.
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No doubt about that. Mind you, Anchor Protocol provides stable yields of around 18-20%. And then HBD - 10%
For others, APY keeps changing.
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The % return on HBD in savings is solely at the discretion of our elected witnesses, right?
At the moment, they have chosen to set it at 10%.
It would be interesting to know how a move to 20% (to match Anchor) would effect things.
If it could be done without fucking anything up from a technical point of view, it would be a great marketing tool.
With proper PR, you'd get the big crypto news outlets picking that up.
"Algorithmically backed stablecoins HBD offers 20% returns, matching the current best".
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It's just a value change from 10 to 20 so I don't think any major technical changes are required. But I am no dev so I can't be so sure.
SWEET! 😚
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But where is that money coming from to pay interest?
HIVE inflation?
If so, there will be an effect felt somewhere else so it might not be viable.
Anyway, this is for the witnesses to discuss.
Way above our paygrade ;)
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LMAO true. We are here to maximize earning potential from Hive without fucking up the system. ✌
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This is very impressive for Hive.
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Holy moley! That is some serious stuff there. Good stuff!
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Boom town! Wondering if there will be a dip, but I'm seeing everything go down and Hive keep rallying. Man I have learned so much and this time around have employed much of those learnings only for the cryptogods to change the rules lmao
I know right but how were these Hive removed ? Burned by whom ?
I am curious to know more .
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I am also interested to know who removed it from circulation.
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@dalz wrote this nice article about how the HIVE supply is going down. There is some more info there
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It seems like the chart would do better if it was from when HIVE started to now. I was thrown off by the long line of zero before any action happened.
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Shooting for the stars 🚀
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I don’t understand the LEO richlist. I’ve got 18,100 staked LEO and an outbound delegation of 5,000 and the total listed on the right is a negative number?
https://he.dtools.dev/richlist/LEO and https://leodex.io/richlist/LEO both display the same way.
I don't think I understand it eitehr sometimes...I thought it would take your effective stake minus your delegation out.
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Must be new math.
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Here is another of our @leomarkettalk daily post. We are here each day to post links to crypto/finance related stuff as well as ask questions.
Today we will focus upon stablecoins. Each day we choose a topic to help the SEO ranking with Leofinance as well as give people a chance to focus upon particular topic.
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The only stablecoin I'm starting to trust is HBD. At least I know the community and dev team (for the most part) behind it and how it's being created. USDT, USDC, etc...who knows? Those things could be backed 1 for 1 or they could be on the fractional reserve racket like our legacy banks. I just don't trust them for storing money. I'll park a little there for short-term waiting but...too many unknowns for me.
Maybe DAI would be okay but I haven't really looked into that much.
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Me too
I have some BUSD to pair with CUB but other than that I'm mostly on HBD. I try to stay in this ecosystem as much as possible
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Terra USD is better than DAI. More decentralized!
DAI is 50% backed by USDC which is centralized.
HBD is even better. ✌
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USDT and USDC could be issued on a 1 to 1 based with fiat USD, but fiat USD itself is a product od franctional reserve banking. Doesn't that affect USDT and USDC as well?
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See? Hard to trust something that is probably backed by a fraction of a fraction. lol
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I believe stable coins are what makes the cryptocurrency trading complete. Imagine having only the volatile coins, buying coin and cutting loss during dip will be very difficult.
Normally , stable coins shouldn't be a coin to invest on if one wants to grow fund because it is stable, however for countries with weak Fiat currency , stable coins can help such people to make profit for themselves. It is sad that developing countries have to face this issue but for the crypto lovers , it is an advantage.
Hbd is not doing that bad.
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I disagree, Stable coins can be a good in-between while someone saves up and there are some pretty good ROI on stables in some projects.
They're a wonderful addition to the cryptoshphere
If you read again , I said " if the person wants to grow his funds ". For saving , stable coins are the best.
Oh you did too! Apologies
I think stable coins are the easiest way to compare to current prices of items. At least when it comes to running things as a business, we still need fiat so it makes the process of onboarding more users into crypto much easier.
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Remember when we could have been the center of defi because we had a popular platform with a unique peg system not back by promises of USD in the bank?
Yeah, that was cool.
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Well...it still requires someone to create a application for it. I am not so sure people would of believed in HBD before the measures were added since the Koreans were able to pump it quite hard and frequently.
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So what happened? I may not have been around for that, so perhaps I missed it.
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Steem was waaaay up the charts I think we were ranked third by market cap. No one could argue that the peg wasn't a good idea. Of course we didn't really advertise it enough. Anyway the Korean market started booming and all of a sudden SBD was $14 bucks or so. People got greedy and let the peg go. They said "it's value is whatever people want it to be." Sure, that's true but if I converted it, it was only worth a bucks if steem. It was essentially a debt note. Steem itself didn’t move up with it.
It was a horrible move. I'm so glad everyone is for the peg now. It's a great low(ish) risk of a money maker. Get in on the savings.
I wasn't around for that so it's interesting to know this piece of Hive's history.
And yea, I'm glad that people are trying to keep the peg now
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Thanks for explaining the background behind the earlier situation. It looks as if Hive learned that lesson.
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Yeah man, Hive has a much better philosophy behind it. The only thing I see drawing huge improvements to the blockchain is a push for more development of apps.
Two former Ripple executives are launching a stablecoin micropayments network called PingNPay in a bid to reduce high fees associated with transactions of less than $20.
They will cap transaction fees at 1% of the assessed value of each transaction. The fees will be distributed among software providers for digital wallets as well as wallet providers that issue the wallets to users.
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The problem with people like that is they only think in terms of centralized applications. That is the complaint about Ripple (one of them).
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Wasn't Ripple made by banks for banks? I remember hearing about Ripple back in the days when Dogecoin was "only" a literal joke coin and 1 BTC was worth as much as 1 SAFEMOON.
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The Ripple is said to be centralized because of its default list of validators and a Large pre-mined XRP supply. It's faster and cheaper than Bitcoin though.
Bitcoin is still truly a public network while Ripple is operated by Ripple Labs or something.
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So Ripple is centralized like Ethereum.
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Ethereum is quite decentralized now. Maybe next after Cardano or Bitcoin.
Once it completely moves to POS, will become more decentralized.
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Ah, OK. That's good to know. Thanks for the clarification.
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Yes T. That's a problem. Instead of using algorithmic stablecoins, they will use currency-backed ones. Not focusing upon decentralization but providing a cheaper and faster way to transact. I wish they use decentralized stablecoins too in the future.
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That beats even the 2% fee charged by Visa and Mastercard. This can work.
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Yepp. That's the USP of this project. It's going to hit a market that is crowded with huge volumes.
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Ripple itself has nothing to do with this project, right? It's only connection is the people involved had worked on Ripple. I'm asking because I had mistrad the earlier comments.
PingNPay is a Ripple-free project headed by 2 ex-executives from Ripple.
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That is true. Those executives are ex-Ripple employees. That's it! But they are using currency-backed stablecoins and we know how they work. Tether, USDC, and even DAI.
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Now it makes sense to me. I definitely misread the earlier comment. Thanks for clarifying and confirming the details.
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Cheers Magna. ✌
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Well the fees are nice but I don't really trust them since they were manipulating XRP prices before using their huge supply of tokens.
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Yepp. They have lots of accusations on them that are valid. That is why I sold all of my XRPs long ago. It was the second coin after BTC that I bought. 😂😂
I was such a noob.
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Stablecoins have been a breakthrough for crypto markets because they make it easier to get in and out of crypto. It gives us a reference with our local currencies. But I see two problems. On the one hand, the objective should be that Bitcoin is the reference and not fiat. On the other hand, we all fear that one day one of these stablecoins will disappear and create a huge credibility problem.
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I agree with you we should explore references other than the USD for stablecoins. I think Edicted wrote a nice piece on it some time ago. I'll try to find it
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I disagree. Bitcoin is much too volatile to be a pricing mechanism. Also, contrary to what the online gold bug economists believe, the USD is not going to collapse. It is still the standard which the world operates and will be for a long time.
Not HBD. That is onchain and no question of the ability to keep going regardless of what the regulators do. Plus there is no central entity behind it.
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"Bitcoin is much too volatile to be a pricing mechanism."
I do not agree if you are the reference, the volatiles are the rest. In the BTC-USD pair, Bitcoin is as volatile as dollar, which makes Bitcoin volatile with the rest of Fiat because they are all referenced to dollars.
Stablecoins will diappear when fiat currency disappear. Since stablecoins are programmable money, their pegs can be reprogrammed for the new environment. Unless the stablecoin is also a shitcoin, then it just goes away.
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Well all currencies eventually die off. It's part of history but fiat itself is still required since its what people are using right now. We might have to wait for countries to default first.
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For people wondering what to do with their tokens now that amr008's project is over, check out @brofi's stats and APR for all tokens. It can be a good way to earn some BRO
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I am wondering if that is the only one.
Too bad about @AMR008's project.
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What's the best way to view all delegations made? Not just delegations of HIVE but Layer 2 tokens as well?
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It looks like CINE is really kicking it off quite well right now. It's too bad I don't write for that community.
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Question.
What would happen to Binance smart chain or any exchange chains once the regulation happens? Do these exchange based smart chains become transparent to the govt in order to track investors?
To start, if the chain is truly decentralized, nobody to regulate. That is not the case with BSC so the compliance might apply. However, that is one a country by country basis.
Binance is already showing itself unwilling to play ball with regulators.
Hive has an advantage, it is truly decentralized in that nobody runs everything.
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Well...Binance will probably slap on a bunch of stuff and I wouldn't be surprised if they enable KYC to anyone using it.
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Yes they have forced KYC and AML compliance on all accounts including the basic one.
https://cointelegraph.com/news/all-binance-users-are-now-subject-to-immediate-kyc-verification
Coinbase issues bonds. Do you think Coinbase raising money now is a good or bad thing?
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Amazing how they turn to the system.
I guess they need to raise money to fight off the SEC. LOL
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Yea it's ironic. Coinbase made a ton of money off the IPO so I thought it would one of the things they are lacking right now.
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Stable coins are nice, but you know what's also nice?
CANDIES so don't forget to claim yours for the day! Word on the street is Walmart is going to accept them as payment
(that last part was a joke if you didn't get it lol)
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That is funny. Twice this morning you have given me a chuckle. Have a slice of !PIZZA as a token of my appreciation for your jocularity!
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@tfranzini! I sent you a slice of $PIZZA on behalf of @leopuma.
Did you know you can spend $PIZZA on games in the $Pizza Store? (1/10)
Tweet that out and you will get the market going crazy.
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About 9 months ago @eirik wrote published this post about Splinterland's DEC:
It's an old post, but it kills 2 birds with 1 stone for us-- Splinterlands and stablecoins (or effective stablecoin is it technically isn't one).
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I agree with him. I think packs might be a better investment but then again I'm very new to the game so I could be wrong.
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It's an old article...but the prices of things were far cheaper back then.
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3 birds: It also helps to reaffirm the post in the eyes of the search engines. That is always a good thing.
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The SEO angle-- it's always present. The manual curation of posts for inclusion in the live blog is helping a lot in that regard.
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The CubFinance Exchange is back online. There was an issue with the Pancake API over the weekend but it's stored out
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Oh so it was a Pancake issue. Was it affecting the stability of the network or just scripts affecting the network?
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From what I could gather from Khal, it was just the scripts. Apparently they (Pancakeswap) decided to depecrate their API over the weekend which caused the issue.
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I don't know that its back. I've been trying to move some stuff around for two days and tried again this morning. All I get is a blank page!
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Aw sorry to hear that Kevin
It's working for me... Have you tried to clear your browser's cache and cookies? That did the trick for me in the past
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Follow what @tfranzini said.
I had the same issue and cleared by cache. It worked.
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I was trying to buy some CUB yesterday and saw that so I decided to wait. I will have to get involved today.
Keep stacking them CUBs. We will see what other news comes out this week from the Leofinance team.
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Xiaomi launches its own smart glasses. It looks like they are trying to give Facebook a run for their money.
I don't see myself wearing one of those anytime soon but the company promises it will be more than just an alternate screen for mobile phones. We'll see
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Good to see more options being provided. Of course, is Xiaomi any better for us than Facebook?
Not sure either are trustworthy.
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Different player, same game...
Nah, I don't think they are any better
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I don't see it either but going through them probably means giving up all your data to China.
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Anyone want to try and guess when Solana's crash will occur? Lots of upset people. Solana has just become an Ethereum rip off not even attempting to try to develop new things on its contracts.
Interesting times ahead.
I think SOLANA is into the incubation period as of now a lot of projects and the groups jumped into their ecosystem. Crash will happen the moment this wave is reduced. Besides unlike ETH, the people behind solana and the community is focused on fintech industry from what I have seen on twitter. So crash will happen and also price wont be as high as ETH unless they branch out into multiple industry niche.
Really? I thought they were doing well with all the hype.
Never got into it but it was on my "study list"
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Well...they had a lot to live up to but I think the price might start getting affected in a week or two if the response isn't what the whales like.
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I havent paid any attention to it.
What is going on?
Care to give a TL;DR?
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NFT marker place launched called Solsea like Ethereums Opensea
NFTs being minted are all copies of bord Apes and other high profile Ethereum NFTs. Nothing original.
i am probably one of the few people who care little about development outside the hive blockchain. like one of the commenters said, most of these coins are in their incubation stage. Most will fizzle out in less than a decade.
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Yup, there are literally thousands of just crap being created just to profit which is scary how easy someone can make a token
Speaking of stablecoin, we are seeing the HBD holding a bit closer to the peg. It dropped to 96 cents earlier but it at 99 cents now.
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Most excellent. Hopefully it does not get pumped anytime soon by the kimchi crowd. I do love kimchi though. My favorite local dish when I was in South Korea back in the '80s. Then again, you know me, I am partial to fermented stuff. Usually of a liquid consistency! 🍺
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You know your favorite crypto is in trouble when it's being pumped-and-dumped by this guy:
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Now that is funny!
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You can have all the kimchi Sarge, but leave some of the liquid stuff for me please!
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It seems to do ok in it's a bit below $1 but when it shoots above $1.10 it really struggles to regain that peg unless there is a drastic hard dip in the markets.
Yes, I noticed that too. It was above that mark for a good while some days ago.
Not sure what's up with that but I hope we can improve that in the future
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I'm really happy about that.. I started building my HBD saving account.
Same here. I think it's reasonably low risk for a 10% return so I'm slowly building it up
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Me too . I have an aim of 1000$ by next year June .
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Awesome!!
That is a smart idea.
I am doing the same. It is a nice nest egg to build in the background.
A great foundation for wealth creation.
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That's good news. HBD is much better now than it used to be and with time it may actually become stable
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Well we have measures working to make sure that peg holds. So I expect it to float more or less at $1 soon enough.
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Clicking the image above will take you to HBD Chart on COINGECKO.COM
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This might explain why HIVE took of recently and along with it HBD:
@demotruk notes that Korean speculators may have been buying the wrong cryptocurrency and in this case it worked in Hive's favor.
Even if this is true, can Hive take advantage of the mistake and consolidate its position, or will it revert to the doldrums it was in during July and August?
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I don't know what could happen in the next bear market but I think the last few months of this year are going to be pretty amazing for Hive
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The next few months-- 2021Q4 and 2022Q1-- will be interesting for sure, for many reasons. Let's hope we come out of that time with smiles and not frowns.
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I don't know how true this is, we attempted to align it to this same issue previously when we peaked. This time unless there is a few hundred thousand new investors it wouldn't be possible to do the same mistake twice.
Even so, if it is the reason be sure to take profits and buy back in once the dip is here.
Even though we're not giving financial advice, that's a good strategy for handling this situation.
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Well with the price pump, do you mean that there was news for HIVE (stock)?
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I mean that something happened to cause the recent rise. I still don't know the details. That buzz is the extent of my knowledge.
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Well I tend to just blame the Koreans for the pumps. There doesn't need to be a reason.
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It is possible. I just made a major mistake the other day in trying to buy HIVE with USDC. Cost me close to $200.00 which is a great deal of money given my balance sheet.
Guess I will have to sell one of my Splinterlands cards to make up the loss!
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No matter how high anyone of us rank on the Rich List, two hundred dollars isn't anything to sneeze at.
If you end up selling a Splinterlands card to handle this loss, maybe you'll end up with a better card later? Or maybe you can buy back the card at a lower price?
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What a beautiful documentary guys! Showing the power of Play To Earn Blockchain gaming. A story of one small community in the rural Philippines that turned to the NFT game Axie Infinity to earn an income in crypto during the pandemic.
Must watch! I wonder if we can make something like this for Splinterlands because it has changed lives too.
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It's nice to know that Axie is showing a impact on people's lives.
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Yeah man. Blockchain gaming is the real deal. Everyone can now have a career playing games and creating content related to them.
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Here is another image put out by the @threespeak team.
It is another section of the SpkNetwork.
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I'm starting to get a feeling they are modeling theta network a bit with their CDN and Validator network they have.
I do love my infographics. The one above is a good one!
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That is nice. I feel I'm closer to understanding the project every time they I see something like that
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Does SPK network has means for staking and the liquidity pools where we can just invest and have some sort of rewards?
Well it makes sense but I feel like its still a confusing topic. Maybe it will make sense once we see it working after it is deployed.
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Opinions, Thoughts etc on Litecoins twitter account tweeting out fake news? Is it doomsday for that cryptocurrency? Let's be honest litecoin has not been doing good at all since the owner sold out theirs in 2017 rally. It's never really recovered.
The all time high was in May of 2021, which eclipsed the high of 2017 so I am not sure I agree with this. From a market perspective, it garnered all that it lost in the bear and then some.
As for the project, it is similar to many others: no development. When was the last time a major update came out. We heard some talk about MimbleWimble that is exciting, yet seems to be imaginary.
Compared to the early days, there are more interesting projects. Litecoin has so far been on the sidelines with the most recent Defi and NFT crazes.
Without development, a chain is dead.
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I think I read something about Litecoin adding NFTs but I'm not sure. I'll have to check again
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Yeah there was an article the other day they partnered with someone.
I do agree with @bitcoinflood on the sentiment he posted.
It seems that Litecoin is not very interesting. Ultimately, BTC might be the only POW chain that means anything.
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Yea that was a freaking shit show
I have a small stake on LTC so I like to believe is not the end yet but I'm very disappointed with that fiasco
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Who runs the Litecoin Twitter account?
Like we have that hiveblocks Twitter account, but it is just some random guy, right?
Its doesn't have any official sway over what happens on the Hive network.
Does the Litecoin account?
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Good question... it may well be just a dude that posts stuff under the Litecoin name. I have no idea how that works to be honest
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The Litecoin Twitter account does seem to hold sway over the markets though.
Not sure the Hiveblocks twitter account does the same thing.
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Not yet ;)
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I don't understand why it is still so expensive, what does it do anyway?
I don't think this is enough to sustain the price, but what I noticed is that LTC is a popular project with people (especially crypto newcomers) who want to shift from BTC and ETHC but don't really have the guts to dive in the crazy world of alts.
But then again, it can't be just that...
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Well...I would say there needs to be a better way to vet information if you are holding the keys to the twitter account. But there isn't much we can do since people are likely to make mistakes.
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I always liked Litecoin and Charlie Lee. I first bought Litecoin back in 2017.
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I did too. But we have to admit the development has been rather disappointing.
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Very true.
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Hive on the move again. We crossed 80 cents as Bitcoin moved a bit higher.
Things are really looking good for this ecosystem. We are really looking at an undiscovered gem.
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We are back below 80 cents. Maybe we should focus less on price.
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REMINDER!!!
Get your #CANDIES. They are awaiting you.
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Ah didn't see your reminder so I did one too
ANyway, candies grabbed
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Got them both, CANDIES and DIAMONDS.
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Grinding my way back to 100. Only 20 today...
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Thanks I just collected 100 candies and 50 diamonds. Back to 10 tomorrow.
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@taskmaster4450 I know this isn't the place to ask, and maby you will maby you won't bring it up in tomorrow's CryptoManiacs podcast.. but I had a question..
What would it take for you quit hive.
Or
Will it ever become old or boring for you to participate in this ecosystem.
Some people act too cool for school when it comes to technology and social media.. and this thought just popped into my head today.
I think people come and go...so anything could possibly cause it. Obviously if someone passes away, they can no longer participate.
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Lol thanks for stating the obvious :)
A great question and that is for our Friday show. Tomorrow we have @brianoflondon.
I gave it to @jongolson to add it to the list for the show.
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What time is your show today? I will try to catch it on my cell-phone as I have an appointment at noon EST.
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I think it's 1pm your time..?
Thank you.
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1 PM Eastern Time.
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Awesome!
Does one truly ever quit Hive? Nope.
Couldn't resist lol
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That is so funny. My favorite actor (next to John Wayne) too!
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haha yea he is one of my favorites as well! And this is one of my favorite movies. I watch all 3 at least once every year
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Which one is it?
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The Godfather!
The first one is my absolute favorite but I watch them all every year. It's kind of a tradition
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Can never go wrong with Pacino.
He is like Sean Connery was. Morgan Freeman is like that too although not a leading character. Is there a movie he was in that was bad?
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100% agree. He is a great actor.
I think the only movie he was in that, in my opinion, is bad is S1m0ne and even that has some good moments
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Well I guess they could if they cashed out everything...but I don't know if that is very likely because it would take quite a while.
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Hahaha yup and by then there will be 9999999 reasons to stay!
There are but most tend to focus upon the one that convinces them to leave.
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Thats sad, there are so many reasons to stay and we're growing everyday which means more people to engage with and watch grow.
About 1 month ago @cryptosniperz published this post about a future stablecoin:
It looks as if President Nayib Bukele is working hard to keep his laser eyes by supporting the creation of a stablecoin backed by El Salvador's local currency (USD). He's thinking long-term.
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Yea, it sounds like a logical next step for them but we'll have to see how it goes
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If President Bukele had the foresight to consider a stablecoin in his plan to use cryptocurrency as a way to improve life for everyone in El Salvador, who knows what else he had considered? If anything, he's providing a blueprint for other nations to follow when they make the move to make crypto legal tender in their nations.
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Well it seems like they were looking into Tether but I guess I would of probably choose Circle instead because of the controversy going on.
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I was under the impression President Bukele wanted to start from scratch and have a stablecoin created to handle the situation in El Salvador. There must be more to this story elsewhere.
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Question.
There are lot of theories of singular govt being formed using the crypto or digital currencies.
Borders will be open for all. However what about those people who don't want this change?
I don't want my life controlled by sharia law or chinese communism. Do you think crypto would let me avoid such world govts?
Yes. Crypto and blockchain are the answer to that in my opinion.
@taskmaster4450 recently wrote a good article about how blockchain and cryptocurrency will end the nation state that it's worth checking out.
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While it's possible that Sharia Law could rule over all of us, the more likely group to do this would be the CCP. Unlike the Soviet Union which was full frontal in its opposition to the United States and its partners, Communist China uses the West's own fears and obsessions against it. Very sneaky.
However, I would bet my money (what little I have, anyway) on the Davos Crowd led by the World Economic Forum, the central banks and the BIS, its transnational partners, and its nation-state thralls. With zero loyalty not only to their own peoples but also the nations claiming them as citizens, they are even more sneaky than the rulers of Red China.
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Well China can only affect their own network. With crypto that is decentralized like BTC or HIVE, I don't think we will have this issue. So unless they block off internet access, I think we will be fine.
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Even if they block off Internet access, it's possible to operate on another global-level network. That's where Hive and other crypto platforms need to be: on a separate root apart from regular WWW.
The time to prepare for that switch is yesterday, not the day before they pull the plug. As decentralized as Hive is, at some level it relies on centralization it cannot control.
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crypto by nature is quite diverse. there are thousands of coins and tokens. I doubt if anyone will be able to shrink everything down to just one coin or community.
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As long as decentralized cryptocurrency is allowed to exist, there will always be room for alternate altcoins. So we have to ask who doesn't want to allow cryptocurrency to exist.
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We will keep on preaching the good news
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What is the good news?
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Keep on commenting and telling people about the community same time
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Preach on my friend.
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Thank you boss
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LOL I was wondering the same thing.
For a second I thought we were going to get a sermon.
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CryptoManiacs show coming up in 1 hour.
@brianoflondon is the guest today.
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Anyone out there who is a player of DCity that could lend some insight into this.
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This is something that I thought. If the Indians can straighten out their internal issues, they could be a major winner over the next few decades.
The West is going to move away from China. I believed that as soon as the global supply chain shut down, companies had to start looking for alternatives.
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Well I fully expected it. Their control over companies means either give up or leave. I think its a bad thing if even people like George Soros is removing their investments into China.
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Compared to China, India would be a far better choice for US Companies. As long as US companies do not get too greedy and exploit the local human and natural resources it will be a win-win situation for both US and India
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