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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Microstrategy BTC holdings exceeds 80% of the S&P 500 cash holdings. It's an interesting metric to compare against.
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Who knows, by year-end, it could be double (or more) what it is today. I wonder if he has any plans on selling or if he plans to just HODL until he's the richest man in the world by multiple factors....
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I think even more than double! If he HODL long enough he could indeed be as wealthy as a mid sized country
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I think it's possible but in order to double what he has today, he would probably have to look for more investors. In that case I guess its more VC capital injection. However I think it will do well regardless.
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Yup. Bitcoin (BTC) has pretty much been taken over by institutional investor. Money does make strange bed partners that is for sure.
The very people that the vision of cryptocurrency was to make insignificant are now those that or cornering the market.
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Kids making insane amounts of money ($35k a month) mining Bitcoin. After converting their gaming computers into mining rigs, the siblings now host more than 100 processors and rent a data center to keep their equipment.
Don't underestimate young people. They get crypto! Learn from them. ✌
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I thought I'd read somewhere of people using gaming consoles to mine crypto. Didn't know it could be done on those rigs.
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Anything can be used to mine anything if the specs are right. For Bitcoin it's virtually useless (because of the insane hashing power required), but maybe it can work with Monero or one of the newer altcoins.
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I vaguely remember they were trying to do something like that in my university. They were not actually trying to make it profitable, it was mostly for educational purposes.
I was clueless about crypto back then so I didn't pay much attention to it but now I'm curious about how that went
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Guess it can be done! ✌ Some gaming rigs are powerful enough to mine several coins at once.
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I have seen a number of articles about the same thing. I am all about repurposing instead of discarding things!
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And I am here wasting my time on tiktok videos🤡. I feel so productive right now.
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Upload those TikTok videos to 3Speak, then you can get paid crypto for your activity!
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I don't even post on tiktok. I mainly consume content (there are some awesome creators on tiktok) and I get inspiration for most of my posts, so it's a win-win I suppose
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-- neither do I! I don't consume video content, but you do. That's why you should upload videos you consume to 3Speak! Or if it looks like the video will be taken down, ensure it has an audience by uploading it to 3Speak.
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Now that is really funny. !giphy laugh
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Via Tenor
Exactly what I was looking for as a response to my summons of you. Thank you @hivegifbot!
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Get busy making them in case you are not already. Tik Tok is a cool platform to grow your following quickly. They have one of the best content discovery algorithms. ✌
Are you watching or making them?
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Mainly watching and it helps me come up with creative ideas. I do plan posting soon.
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So that's a win, my friend. Looking forward to your posts!
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They understand technology and are not afraid of it. We are going to see a huge wealth gain by the Millennials and younger generations due to digital assets. Bitcoin and others are exceeding the traditional markets like equities by a wide margin.
This is going to close the wealth gap very quickly.
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Yea, I'm seeing more and more young people getting early into crypto. I mean very young like 10 or so.
They will build a lot of wealth in their lifetime
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When I was 10, I used to play in the mud. 😏
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Exactly .
Most of the people who are not using crypto are not using because of fear. The fear which they had when computers was first used in Banks .
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I agree brother. I also was afraid of crypto and I missed the opportunity of getting into it during the very early days of Bitcoin.
But at least I learned my lesson and I'm building my wealth now
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Same here man. Although I joined way back in 2017 but did not get active until last year.
Now earning my crypto every day with or without doing the work. 😁
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Yeah, our parents and their generation struggle to get their heads around new tech. That's why we are seeing many young people nowadays excelling because they have a learning attitude.
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Young folks have the leverage to take risks early in their lives. Not much to lose anyway but a ton of experience to gain.
That's the decentralization of money ✌ Would love to see it happening.
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This is one of the things I tell my younger. There is time to be everything that you want to be right now. Explore, experiment and have fun.
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You are going to be the 'DADDY of the year', every year. 🚀🚀 🙏
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Lol that would be nice 🤭
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All they need is youtube and google to find out all the information they need. They aren't afraid of failing either.
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I don't think we need schools anymore. Internet is the best university that can teach you almost anything. Practical experience is important for which going to school is not required as such.
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Education is always needed. It's how we learn. What is not needed is schools as we know them in the form of government-run institutions known as "public schools."
Anyone who both has a family and a small business is in a position to teach Reading, Writing, and Arithmetic. All are needed to keep the family business operational and solvent.
Anything else we need to learn we can either learn it from a book or go through an apprenticeship to learn a craft under proper supervision.
Should there be a need for schools to teach Reading, Writing, and Arithmetic, then they only need to cover those 3 skills; anything else can be learned at home, online by personal initiative, at a specialized school, or in an apprenticeship.
How cryptocurrency can fund education and schooling (not the "public school" systems) is another matter altogether.
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I think public schools are fine but they need to be step up a little. In fact, we need more of them but shouldn't be controlled by the government. It makes everything slow.
Private schools are businesses now, they don't teach but suck out the money from you. Can be better spent on other things.
Basic education is fine but even for that, we can use the internet, books, and homeschooling.
Ability to express yourself freely with the world, how to control and show your emotions, finances, empathy are some of the real-life skills, schools fail to teach us properly. They breed robots now who are hungry to win the never-ending rat race.
I am talking about India and this is more applicable to developing countries. Not sure how school education is there in the US. As you mentioned, it is only needed to learn basic skills like Reading, Writing, and Arithmetic. Nothing more!
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If the education system in India is modeled after that of the UK, then it's similar to what it is in USA.
If this is true, that means the people are India are screwed.
These days, degrees and diplomas are useless. Credentials such as those from specialized institutions or trade schools would be more valuable, but they may not be enough.
What could happen no matter where we are or who we are is to have testing to confirm competence before hiring. Another option could be using reputation as a way to determine if someone is worth hiring (something like Yelp for personnel or Yelp for workplaces; it can go in either direction).
Cryptocurrency is bringing about paradigm shifts in many areas, so it just make sense that we should expect a paradigm shift regarding education and schools and learning.
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Man I thought Home computers can't be used for mining anymore , seems like I am wrong .
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I think they still can if the pool together their hashing power.
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Yeah. That's where PoS mining comes in. Affordable and eco-friendly. 😁
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Also, there are altcoins which can be mined together. I forget the actual term for this, but as an example Dogecoin can be mined in tandem with Litecoin to take advantage of the hashing power used by Litecoin to produce more Dogecoin than usual. It could be due to thehashing algorithm, and Scrypt is used by both Litecoin and Dogecoin.
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Yea, there are some projects being developed so they are more "CPU friendly". Not all can be mined with a simple home computers, but it's still a lot cheaper than a proper mining rig
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Mining almost all PoS coins is affordable since you can stake your coins in a pool and a collective stake will be used to mine the coin.
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Haha. I guess they are buying powerful rigs now. They started with a piece of small gaming equipment which has led them to this day. Kids kept compounding their income.😁
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Home computers cannot be used for Bitcoin mining anymore. Doing so would bring you to your knees.
With thousands of altcoins available, though, many of them can be mined by desktop systems, gaming consoles, mobile phones, and even Raspberry Pi devices. Just make sure the altcoin you want to mine isn't a shitcoin. DYOR still applies.
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Well with everything digital, its much easier for people to get started and it's nice to see them build something earning them money right away. Let's just hope they are investing and compounding their wealth.
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Yea, I hope so too.
Imagine what they will have when they are older if they start compounding that early in life!
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They are the future.
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That is true 🙏
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When young the mind is very nimble and there is very little fear of trying new things. As one gets older it is hard to embrace new systems.
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That's understandable and makes sense. Life. ✌
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Hi,
As I work in finance, I am quite worried to see inflation shooting past 3% over the coming months (and this is a tweaked measure as it is probably higher in real terms).
This means that tapering might come sooner than expected and therefore rates should go back up.
Deflating the housing prices (as people cannot borrow as much money), stocks and bonds might suffer too.
Then comes the question, how will cryptocurrencies fare? I imagine Bitcoin should be okay (reserve asset and anti-inflation) but all the other more risky coins might get crushed.
These are just my 2 satoshis, tell me what you think.
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Well, I think it's a given that there will be another major bear market. And there's no doubt the alts will get killed when that happens. I'm not sure this will be the trigger as you might see some of these dollars flee into the crypto markets rather than exit now that most major institutions have access. That said, when things contract, everything contracts so...it's going to hit here as well.
And, as much as it seems impossible for the government to continue to print money at the rate they're going, I'm sure the easiest solution for them to get re-elected will be to print more.
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You could definitely be right especially on the « they could print more to get re-elected » 😂😂😂but there are pressures to tapper soon as inflation is increasing rapidly on many fronts (wages, energy, housing, fresh food, etc…)
Time will tell ! 😞
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Well I have been hearing two different possible outcomes a lot lately and its either deflation (bond bulls) and stagflation. In the case of deflation, I think those alts will probably be crushed and only those with active use case and can catch the media attention will survive.
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Not likely to happen. Inflation is due to supply chain issues. China's manufacturing numbers are in decline showing global demand is slowing. The US just pulled a ton of direct stimulus out of the economy with the ending of the unemployment benefits. The PPI/CPI numbers are showing that the commodity pricing is not able to be fully passed one, meaning that higher prices are being rejected by consumers.
Powell was well aware there was a bad job reports out there, especially after July "seasonally adjusted numbers" turned a 200K negative into a near million gain. August showed that things are bad.
Finally, Powell is not going to taper when his term is up and he wants to be nominated again.
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Appreciate your summary as I do not really keep up with such things. I guess I should.
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Now let's get to the news from solana. What do you say about this news?
Solana blockchain validators restart network after transaction stoppage
If you can restart a blockchain it's not a blockchain.
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Could something similar happen to a blockchain? If so, how can a blockchain get back to business?
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As we looked at on the blog last month, Solana was never decentralised.
Just crazy to see what good marketing can do for an project.
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I'm hearing more and more poor opinions on Solana so I guess things are not looking good for that project. I hope they can turn things around
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SOLANA price plunged for the same reason.
Check this out to understand why it happened:
Solana Mainnet Beta encountered a large increase in transaction load which peaked at 400,000 TPS. This halted the blockchain. Good that they are back up now.
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Scalability is a problem that many blockchains have, HIVE to a lesser degree. That is because the core developers of HIVE are proactive instead of reactive!
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Prevention is better than cure, they said.
Hive developers took it to their heart 💛🚀
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Well it doesn't bode well for the people in the network. This seems like its a huge failure and I hope they make sure it doesn't happen again.
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REMINDER!!!
It is once again #CANDIE time.
Get them while they are hot.
Your jars will thank you later.
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Today is my 20 candy day and I got them ALL! :)
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CANDIES and DIAMONDS, DIAMONDS and CANDIES-- got 'em both tonight.
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Don't forget the hearts!
Need some love too. https://www.stakingrewards.com/
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The hearts just doesn't seem worth it since it requires you to wait for everything to load up.
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Yeah. Around 20-30 seconds!! And they don't have a cool use case as such. I will still keep accumulating them whenever I get the chance.
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I didn't forget-- I gave up on HEARTS due to bad UX (User Experience). The aggravation wasn't worth it. I didn't use it long, so dropping this didn't hurt me.
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Okay. No problem. I hope they come with better rewards. Very few options are available now and I don't want a hoodie. 😂
Not winters yet.
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I had a bad experience with Rollercoin, the gamified Bitcoin faucet a few months ago. It was more like bugs than bad UX, so I may try my luck at Rollrcoin again.
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Never heard of it. Looks like a cool virtual miner to mine BTC.
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Of course I collected them. As often as you beat me over the head with this reminder, how can I forget?!? :-)
Thank you, by the way. lol
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Baa Baa Black Cub. Have you any Candy?
Yes sir! Yes sir! 3 Bags Full.
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All the good things on Coin Market Cap's rewards section are sold out as soon as they list them. 😒
They were offering some cool gaming NFTs in exchange for diamonds.
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Thanks for the daily reminder. I appreciate it since I tend to forget.
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Big 100 day
I'm glad I saw the reminder because I got drunk last night and completely forgot about candies
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I am now in the 4,000+ Candies Club! Thank you @coingecko!
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For me the greatest wealth creation of cryptocurrencies is financial decentralization. This can open doors of freedom, something that is increasingly rare on this planet.
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Question.
Do you think after crypto people would be monetizing the time?
Because everything else has been checked except time monetization.
THAT is exactly what HEX does. It monetizes time. You buy HEX and then stake it for a time you designate between 1-5555 days (@15 years). The longer you stake, the more interest you receive. If you end your stake early, you are penalized and those penalties get distributed amongst all the stakers who haven't ended their stake early.
So, in effect, it's like bank CDs (Certificates of Deposit). You get paid higher returns for staking longer and also staking bigger. Full 5555 day stakes pay around 35-40% per year! 365 day stakes pay around 12%.
The really crazy thing is these returns are just the HEX amounts returned. In other words, if you bought 1000 HEX and staked it for a year, you'd get roughly 1120 HEX back into your account when the stake ended. However, just like LBI, this does NOT take into account price appreciation of HEX. HEX has gone from less than a penny to around 40 cents in the last 9 months. It is very possible it will continue to climb so if you paid $400 for 1000 HEX, staked it, and then received 1120 in a year, the price of HEX may be say...$1. This means that your $400 would have turned into $1120. Almost 300%!
Like I said, just like LBI is growing the LEO value of it's token, from 1 LEO to 1.5 LEO so far, if the LEO token appreciates to say....$1, then if you had bought 1000 LBI for $250 (LEO at 25 cents), you'd have 1500 LEO at $1 = $1500.
I'm not sure if the LEO founders knew exactly what they were doing when they put this together, but it absolutely has a chance to be an extremely powerful investment tool and the returns could end up being astronomical. It's very possible we see each LBI worth 5 LEO down the road and the LEO token could be say...$10. All of a sudden, 1000 LBI you bought for $250 could be worth 5000 LEO at $10 = $50,000! 200x!
If you are young, this one investment could potentially set you up for life. It will take time, obviously. But that time could be worth a small fortune.
It's a great place to be right now....AND in the future.
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Activity gets monetized, but monetizing time itself is another matter altogether. I'm still a barbarian when it comes to that concept.
UPDATE -- What "@"dagger212 said.
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There will be a lot of automation that generates income for people.
So we will see projects that people are simply receiving cryptocurrency as time goes by.
After all, isnt that what mining effectively is? The ones that get the Bitcoin can do so every 10 minutes.
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Well time is definitely tough but I think time has also been monetized to a certain extent. For example Actifit pays you for doing steps (which takes time) and there are a lot of things that require time. But a pay per hour approach seems like it would be tough since everyone does things at different speeds.
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My time is being monetized on Leo Finance. 😁
In the future, SpkNetwork might provide the ability to earn tokens for watching videos, who knows!
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Well...if the 3speak network works out then we should. As of now, I think only ThetaTV does let you earn for watching but the amount they pay is way too low.
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Yeah. Too low and that's why I didn't even try harder. Being here at Leo Finance is better and more rewarding.
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There are going to be so many possibilities going forward. It is going to be incredible all the ways people are earning.
It is actually stunning the point we got to already.
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Yes, let's retire on games! 😁
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Have you seen the movie called In Time?
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No. I'll check that out.
Looks like things are heating up with the establishment of AUKUS defence pact. We getting ready for war?
https://leofinance.io/@melbourneswest/australia-to-increase-defence-spending-in-new-us-uk-and-australian-defence-pact
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Well the most recent news about the US generals being in contact with China doesn't bode well for this. Then again the current administration are now considering China a threat.
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Yup. With all respect to author he’s behind in this stuff. It’s not 2015 or 2010. This isn’t going to go way it would off years ago.
It is common for those folks to talk. It is nothing new.
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Best be ready in case something crazy happens. I was surprised as I thought Australia already had their own nukes. War with China is coming, it's just a matter of time.
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Please do not speak it on us!
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I've been saying on here for a while that China kicking out the Bitcoin miners seemed like a warning sign of some sort to me. It feels like they might have some ulterior motive for doing it; like it's not going to matter in a couple years because they have something nefarious planned. Whether it's war or something cyber, who knows? But it just seems odd that they'd give up their leadership position in something that was generating a TON of revenue to their economy and was probably only going to get bigger.
Posted Using LeoFinance Beta
That makes sense because if you look at the kicking of the miners alone, it was a very bad move so maybe they have other plans
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I think it's because New Zealand feels scorned it didn't get any love when this arrangement was made. Then again, if NZ is a nuclear-free zone, then that makes it difficult to be part of that sort of arrangement. I may have misheard the details in the background, but it could be that.
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I certainly hope not. I would think after Iraq and Afghanistan, my Nation is weary of war, I know I am. There is absolutely no glory in war, none at all. Been there and it is nothing more than the stuff of nightmares.
Where is diplomacy, detent, statesmanship? It is gone. Our elected leadership, at least in my Nation, are a bunch of squabbling child-like arseholes for the most part on both sides of the aisle.
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Did you know this happened very recent news. Anti-Bitcoin Protests Escalate on El Salvador Independence Day
Thousands took to the streets of the nation's capital. Many were protesting against the country's Bitcoin law.
Until they check their accounts at the end of the year and see $30 is $60+ and then realize their country has a small stockpile to use to help their economy....
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I also agree but you can't please everyone.
Especially if they are paid for the dissent.
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They are misled and have no idea what they are protesting.
I wouldnt be surprised if they were not funded by the IMF or some organization like that.
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Very true.
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I think I saw headlines about the no-coiners. I didn't bother reading about them or their protests, but I recall seeing headlines about this.
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Protestors who vandalize, their voices don't get heard. Suddenly the government has a reason not to listen to them and put them in jail. Should have been peaceful.
I hope they understand the value of this historical move.
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Well I am not surprised given the mainstream media narrative against crypto. After all those supporting the old system don't like the changes.
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When I read news it seems like big protests then I checked closer and actually there are just a few people.
The president has a 80%+approval rate ! Like wtf ! I did not know it could exist xD
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haha yea, they make it look like a huge protest but that''s pure FUD
and yea, that approval rate is impressive! Our president has close to that, except it's disapproval lol
that idiot
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Haha I liked the end of your comment xD
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People are always afraid of things they don't understand. Nothing new imo
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Poor things. I hope they wake up before it's too late
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About 4 months ago @spinvest published this post on how the next generation will benefit greatly from a financial landscape built on cryptocurrency:
The post compares the way loans are made in the debt-based world offline with the the way loands can be handled in the crypto-based world taking shape today.
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This looks like a really good article to check out. @spinvest has been around a while now.
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About 8 months ago @camanda published this post about the Financial Goals Initiative contest sponsored by @theycallmedan and @leofinance :
Knowing what we know today about recent developments for HIVE and even LEO, here is what @camanda wrote in the post:
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I am not familiar with @camanda, but she was right. @leofinance was breaking all sorts of records there for a bit. Now a lot of folks have run over to #POB.
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In July or August POB was neck-and-neck with LEO, and for a time they swapped places as leaders in that race. When HIVE reached its ATH the other day and LEO broke 30 cents, POB was @ 15 cents; I have no idea what happened then.
After checking my wallet I just saw LEO at 34.0 cents and POB at 27.3 cents. I'm glad to see POB recover, and I'm glad LEO is going strong.
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Well...both tribes have different focuses. I at least think both can coexist but the tribalism is pretty big for some people.
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I was mistaken in the mumbers I gave for both LEO and POB when I made my comment some hours ago. LEO is hanging around 0.265 while POB is stuck around 0.165.
I believe in POB and PoB, and believing in LEO and LeoFinance is a no-brainer. Still, when it comes to development and projects it's LeoFinance and then everyone else.
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We, as human beings, tend to be fickle. Some are chasing the return on investment (ROI), be it investment of time or funds. Others may be looking to have influence. As with all things, as my little sister @mamma-dukes often says:
Crypto: Iᴛ Is Wʜᴀᴛ Iᴛ Is
Why people do what they do? I am learning that is none of my business unless it is detrimental to our ecosystem.
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As long as each of us respects the rights of our fellow Leos and Hivers and Brainers and they respect our rights, it doesn't matter what they do or what we do.
When someone does something to bring harm, that's a problem that needs to be addressed in order to restore balance and peace. If we're the one's doing the harm, we deserve to be slapped upside the head with whatever response is appropriate. None of us need drama or grief.
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I agree with you one hundred percent (100%). Then again? A little bit of drama now and again keeps things interesting. Ask @whatsup and her long-time fan base (of which I am a member). She created the Drama Token which, at one time, was very popular.
The Drama Token was a sort of tip token like
!BEER,!WINEand!PIZZAthat could be summoned with a comment of!DRAMAon posts/comments which people considered to be drama-centric on the STEEM Blockchain.Drama Token is still available to be traded on Steem-Engine. It did not come over to HIVE during the migration so far as I am aware.
It was all in good fun. Whatsup has come up with some clever stuff over the years, great gal.
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As long as it's the right kind of drama, that's OK. The drama we don't need is the existential kind that kind put us out of commission.
Thanks for the engaement tokens, too!
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@magnacarta! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (1/10)
Hi @leopuma, You Have No Enough WINE Tokens To Make A Successful Call.
Please Stake Atleast 25.000 WINE Tokens.
(We Will Not Send This Error Message In Next 24 Hrs).
Contact Us : WINE Token Discord Channel
WINE Current Market Price : 0.198
A big part of the attraction to Tribes is that they can have rules, whales, and technical attributes that remain autonomous from the Hive platform.
I think the entire goal is to let the tribes play with their own values, rules, curation, etc.
People will ultimately end up seeking others that hold the same values. That's how we find our tribes.
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People of different tribes or groups can co-exist as long as all know what's acceptable to the others, but forcing others to follow the rules of another tribe is asking for trouble.
The ability for like-mineded people to associate with each other is important, and it cannot be underestimated.
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Yea it's too bad to see people run over to POB. I am wondering if some of them are moving back to Leo now.
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Well LEO did reach $1 but the price has declined. I wonder if it was all the hype behind Cub and Project Blank but it took too long to play out.
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Beta me. Compared to me, you're an old-timer.
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About 4 months ago @edicted published this post as a guide for anyone wanting to get into crypto:
The post is actually a remake of an earlier post, but it qualifies as a spost showing how anyone can use cryptocurrency to build wealth.
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I remember this post and it was very good. @edicted really knows what he is talking about. He has been very successful with cryptocurrencies.
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If beginners are going to succeed in crypto, they need the example of someone who has done well. The need to know that they can be later where he is today. There are many ways to get there, too.
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Ah I remember that post but he failed to make a short post as its still really long for beginners.
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It may be toolong for beginners, but it serves as a point of reference they can go back to over and over.
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A few moments ago I published a post that felt more like a comment but it needed more space. The topic came to me while I was looking for LeoFinance posts about building wealth with cryptocurrency to promote, and I had to get it out of my head before I could go back to the live blog.
I was able to backlink to guides for Bitcoin, Dogecoin, Ethereum, Cardano, Solana, Polkadot, Hive, and Splinterlands (DEC).
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Well it will do wonders for the SEO efforts that some people are going through. Thanks for the hard work.
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You're welcome. We have the Guides, we may as well use them and let them work for us.
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This is one of the first posts I read on Hive-- before I even knew about LeoFinance-- and it was written about 6 months ago by @jaraumoses:
He has his plan, and he's executing it. All that's needed is time and math.
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It is wonderful to see how so many are approaching this.
We are also getting some great links in this thread today.
Keep it up @magnacarta.
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More links coming!
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@jaraumoses always does a great job with his articles. I have not checked his account in while. On my list of things to do when I have time.
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Hive becoming a Metaverse.
It is a concept that is getting more attention on here for which I am glad about. This is a great subject since it is where we are going.
A few other articles about the Metaverse that might be helpful.
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Each blockchain network like Ethereum and Hive will build their own Metaverses.
Then the key will be all the projects and services that bridge these together.
Like THORChain.
The future is here.
PS. Nice work putting those links in the comments of aces' blog. It's so hard to get even the better daily bloggers on LeoFinance to implement internal linking within their writing!
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About 1 month ago @automaton published this post as a warning for crypto buyers and investors to be careful where they spend their money (and in the process build wealth using cryptocurrency):
@automaton distinguishes between crypto built to model legacy systems of venture capital and investing in systems of scarcity and crypto built from scratch to provide systems of abundance.
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Well we all know the legacy system is only interested in preserving their power. It's definitely going to be a different system once crypto takes over.
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A new paradigm is needed now more than ever. Cryptocurrency and blockchain technologies are the best bets to achieve that today.
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About 1 year ago @khaleelkazi published this post on how to buy Bitcoin, but it can apply to any cryptocurrency:
This image says it all:
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Visualize things a little better now. $130k in 5 years if you put in $10 every day. That's around $300 a month.
Not bad ROI at all. Dollar-cost averaging into Bitcoin is the best thing you can do as a crypto investor. 💛💛
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DCA encourages the buying of assets when they're "on sale," and that's true for both crypto and offline assets such as precious metals and stocks.
A fixed amount of money is spent as budgeted, but the bonus buys made when things are "on sale" is what pushes the investments further.
DCA can be adjusted up or down depending on how much someone can fford to spare. For some people, it's the cost of a restaurant meal. For others, it's the cost of a cup of outrageously priced coffee or even dirt cheap coffee. DCA works for everyone.
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What's that particular investment calculator tool?
Got a link?
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Yes, it's called Bitdroplet. A platform where you can DCA into Bitcoin, Ethereum, Gold, and Silver on Autopilot. Similar to mutual funds SIP.
I use it to buy $1.3 (100 INR) worth of BTCs every day.
You can use the calculator without making an account. Here's my ref link just in case: https://ref.bitdroplet.com/1386960
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Wealth in cryptocurrency in my mind means life changing money.
Being an early adopter, which is the stage we are still in, carries a greater degree of risk and also a longer time frame.
For that reason, there is the opportunity to make life changing money.
So how about you? Are you in position that with a massive bull run or two, you will have life changing money?
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How much HIVE and LEO alone would you say is required to be 'life changing'?
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Depends upon where you live.
Sent you the posting key in discord by the way.
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In the next 2 or 3 years, I will be able to build a strong crypto portfolio and hopefully multiple passive income streams within the space. It's truly life changing! Early adopters will have a chance to retire early as well.
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That is very true. We are seeing a great deal of life changing opportunities.
What is great is for each Hive we have, we will get a LARYNX, the mining token for SpkNework.
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Yes, very much looking forward to that. Don't forget HAF sounds like it will be an airdrop as well. It might not have to same buzz as 3Spk but it could be just as important, if not as hyped. I wonder if we do get an airdrop if there could potentially be more airdrops from things built using the tools. THAT would be pretty amazing....
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I love Airdrops. 😍 Well, who doesn't!
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Oh, I almost forgot this. We have a big Airdrop coming! 🚀
One more reason to buy and stack as much Hive as you can.
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I don't know how It would change my life. I am just getting started. But considering the Singapore having the AML and KYC policies lot quickly. I am most likely have to follow the rules. I can't imagine being myself legally attached to decentralized projects unless if it's something like hive or spk. Or if there is any project which is anonymous and decentralized that won't get singaporean authorities on my doorstep I have to join that for my crypto accumulation.
If we're going to move fiat money into an exchange, it's hard to avoid the centralized exchanges. I won't say it's impossible, but you have more experience at this sort of activity than I have.
Once we get past that on-ramp, then we should be able to do what we want some way or other. It nay require multiple steps to get done what we want done, bit it shouldbe doable.
When it's time to cash out, it may be necessary to go to centralized exchange or bank to get that cash. Unless there's a more appealing option, then do that.
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Well I don't know but I am hoping HIVE, LEO and CUB will start our progress towards financial freedom. At least with all the compounding and passive income, I don't see a reason why we can't build a good portfolio.
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Yea, I think I'm headed towards that direction.
I don't need much to live so maybe a couple of nice bull runs can set me for life
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I have a bit of savings into BTC, ETH, DOGE, and AMP (AMP). For now, all my HIVE and Layer 2 earnings are solely from social media engagement and a few small delegations. I need to find an altcoin that's in the pre-2014 Bitcoin phase so I can buy an insane amount of units and HODL until it moons. I know enough to avoid SafeMoon, although Shiba Inu is years ahead of BTC and DOGE when each was into Year 1.
My exchange options are limited, but there should be a way I can move funds from the Gemini exchange to one which has cryptos I want to buy (especially one selling HIVE).
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If we're going to talk about wealth-building with crypto, might as well start with the one most of us are here for....
"Get Rich Slowly...Fast!"
LBI Report #38
And @taskmaster4450s post about it....
LBI: 50% growth with 3 months left in year 1
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Very happy I got into LBI at the start.
I would love to see the account's content creation change a little though.
For an account this size that posts 1000+ words every day to have literally zero Google traffic isn't good.
Just a few tiny tweaks like putting keywords in the H1 and interlinking between its own content would instantly see results.
Hey @taskmaster4450le, would you be willing to give me the lbi-token account's posting key so I can log in and edit old content?
I would not touch anything still within the 7 day reward payout window.
But I'd love to have a play with the content on that account that is honestly just sitting there wasted right now.
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Maybe you should volunteer to be a curator for LBI. I'm pretty sure one of these things was looking for people to step in and do a week or two so the regular curators could go on vacation here and there.
This might be the perfect solution for you to kill two birds with one stone...?
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Yea they were looking for people to fill in for them
Not sure if they had many applicants
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I'm just wary of getting involved in these things in an 'official' capacity.
My views on content standards are very different to the norm here and I just feel like an unreasonable arsehole 90% of the time.
I'm much more comfortable just being in the background, making little changes here and there ;)
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Sent you the private key.
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One of my best investments here on Hive is LBI .
I am happy to be a part of it . Every week when I send out the dividends I feel great pleasure that I am also involved in the project.
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I like this saying. LBI was not designed to be a massive speculation but to grow steady over time. In spite of that, we are looking very good with our Year 1 growth.
It just shows how sometimes basic solutions are widely profitable. LBI basically is using Leo's basic features of posting and curating to generate substantial returns without much risk.
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I'm always looking to buy more LBI. It's truly a great project!
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LBI was one of my first HE investments and totally worth it. Doing crazy numbers every week! And now we get LEO Dividends every week which is really cool. 😁
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Dividends plus the value of the assets backing the tokens increasing.
How can anyone be upset with that (surprisingly some are)?
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Many overlook it . I keep LBI because of LEO , the dividends are just bonus for me .
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Is LBI something that can be delegated to, or does it require a transfer of funds?
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Just buy the token from Hive-Engine or LeoDex and hold. You will get weekly LEO Dividends.
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That means I have to spend cash. I need to go from Gemini Exchange to H-E/LDx, but I'm not sure what the intermdiate steps are beyond buying BTC first.
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I definitely agree. I was expecting like a 10-20% increase over the year but it definitely exploded with CubFinance being added to the balance sheet.
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Looks like the hive stabilized they say?
I think so. The price is above $0.7 mark for quite some time now.
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Yeah , it has been fluctuating between 75 c to 85c though .
Hopefully it doesn't come below 70 c
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Yes I think its in consolidation right now. I don't think it will make any large moves for another week or so.
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It's already a step up from our previous situation so I think it's a good thing
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Just went and watched the SpaceX rocket launch. Some really cool stuff. Looked like a jellyfish coming down.
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Awesome! That's on my bucket list. I want to watch one of those things launch in person. I would imagine it's quite a thrill to see it start so slowly and then just literally blast into space.
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Same here
I'd like to watch that and also be in one of those things one day
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Well not that close so do not see it until it gets above the tree line.
At night, looks like a cigarette going up into the sky.
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Do they sell tickets for such an experience?
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If you go to onto the Space Center, yes they do.
I am close enough I can watch it from outside. Do not see it until it is high enough in the sky.
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That's really cool Task. Free show for you! 🚀
Let me know when you see HIVE getting launched in space. Click photos and sell them as NFTs. 😁
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I didn't bother watching it. I am guessing it was the online version.
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You went in person? Wow that's cool.
Where do they launch their rockets from?
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I'm jealous!
Very cool :)
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Pretty wild that non-professional astronauts travelled further in space than regular astronauts.
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Vignesh Sundaresan aka 'Metakovan' is a Singapore-based blockchain entrepreneur, coder, and angel investor. Metapurse, a crypto-exclusive fund, which made news after buying ‘Everydays - The First 5000 Days' – a jpeg file – by an artist who goes by the pseudonym Beeple for $69.3 million (roughly Rs. 503 crores). Metapurse was created by Metakovan and his partner Twobadour - also a pseudonym. Metakovan is an early adopter and a bitcoin billionaire.
At the beginning of January, Metapurse announced it had acquired 20 virtual paintings from Beeple for a total of approximately $2.2 million. In mid-January, Metapurse announced the launch of three virtual museums in which it will exhibit acquisitions from the fund, enhanced by the use of virtual reality.
These folks are visionaries who want to play a major role in the Metaverse. Once I become a Crypto Billionaire, I would also buy NFTs and launch my own virtual museum. One will have to buy tickets to visit. 😁✌
Here's his full story if anyone's interested: https://thesillytv.com/secret-bitcoin-billionaire-the-story-of-the-south-indian-guy-metakovan-who-paid-70-million-for-an-nft/
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More discussion about regulations. Obviously it comes from people who have been involved in regulation.
LOL
Is anyone surprised? Coinbase goes out of its way to play by the rules and the government still wants to go after them.
Time to go around the government to make their regulations completely obsolete.
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Replace the word "regulations" with the word "government," then you're on to something.
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No, I'm not surprised. They will never back down no matter what so yeah, we must do things more and more off the grid to be far from their reach
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I am not surprised. I don't think the debt ceiling was raised so I am sure they are trying to get back as much money as they can right now
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@forexbrokr
Dane:
"How much dCity SIM per day can you earn?" is finished, published and linked.
I'm about dCity'd out so I'll check out what's left on CUB.
Have a good day!
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Cheers as always Kevin.
I see you're at 100 LEO author rewards on that post already.
Well deserved :)
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Thank you.
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Again, if we're talking about wealth-building in crypto then this chart seems to be pretty relevant.
Absolutely insane! The beginning of the chart is @$21B, by the way. The number in the upper right is where we are as of a few minutes ago.
Any predictions where we'll peak this cycle?
I'm thinking it will more than double from here and top out just below $5T.
(I'm obviously hoping for another big run towards year-end... :-) )
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I will counter your chart with this one. DeFi TVL is exploding too. We are about 10% of all cryptocurrency is in DeFi. What happens when we get to 30%?
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Does anyone have the ERC market cap number? Because when PulseChain launches they are basically going to duplicate every ERC token NOT ON A CENTRAL exchange. It's going to be very interesting to say the least. Not only will those tokens be able to be traded for pennies rather than tens and hundreds of dollars, but there will also be significantly less of them in Pulse. Of course, no one really knows if they'll be worth anything when it launches. Price discovery could be crazy.
For example, there are currently 452M LINK tokens in the circulating supply. Say only 50M get duplicated into Pulse. There will be a Uniswap fork in the Pulsechain with liquidity pairs set up. One of those pairs may be LINK and pLINK. What sort of price do you think pLINK will trade at?
It would obviously not be worth the same as LINK at the beginning, but....the fact that you can potentially bridge it over to the ETH chain might lead one to speculate that the prices could even out at some point. Add in the fact that you could potentially bridge your LINK over to pLINK and do your transactions for pennies (think MATIC) and now you really have to wonder how the value (price) will be viewed.
It's going to really be interesting, and potentially madly profitable.
The idea is there will be another chain in wallets like Metamask so everything will be able to be done in the same wallet. Just like now we switch to the BSC chain when we deal with CUB, there will be a Pulsechain listing in the dropdown to switch to that one.
The scope of this undertaking is monstrous but Richard Heart continues to attract devs away from other chains with the awesome potential.
To make a long story short, my point is the market cap number could potentially spike by a few billion dollars when...POOF!...an entirely new, fully stocked ecosystem appears out of nowhere.
Talk about printing money....
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That tiny little hump towards the beginning of the chart is 2017! Nuts....
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I am not sure where we will end up by EOY but I am ready for another 2017 like hump in the chart over the already existing hump.
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Before reading your full comment, I was thinking $5T as a minimum level; over shoot could push towards the $10T. When market goes into a frenzy it really gets going.
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I am thinking we will hit around $7.5T this cycle because I think we can see a 3x if more people enter the space.
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Wealth building through cryptocurrency
Here is another of our daily @leomarkettalk posts.
The topic is set before us. This is something that we can also add our personal experience with.
Let us make this a terrific thread.
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Just think. There are people here who started out with nothing in 2016 (on Steemit) and are doing quite well now. Many worked hard, borrowed and sold things in order to help build their accounts. I'm happy for their success and hope to one day replicate it myself. It can be done.
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Exactly. I'm hoping the same
I wish I didn't quit Steem right after joining it back in the day but it is what it is. Now my focus in on the present and future
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It's a great topic and I think everyone here has this as a common mission - Wealth building via Crypto. ✌
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Yeah it is. We all have a story to tell here.
Should be an interesting thread today.
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It's also very recent news see if you like it
House committee approves crypto tax provisions as budget reconciliation package advances
One more news about etherum
Over $1 Billion Worth of Ethereum Burned Since London Hard Fork
Is the amount of ETH generated since the hard fork more or less than the amount burned?
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From my skimming of the headlines, I think it is deflationary at the moment.
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I like this Bitcoin graphic and you?
Yes it's nice to look at that
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Important Cubfinance news for everyone.
Amazing how some people still need to complain.
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Oh that's big
I'll set a reminder to monday and check if the migration window will be open by then. I don't want to miss that as I'm in pretty much all the pools that will require migration
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Yea but the switch is kind of required. I do wonder why it requires us to pool out of the farm and then move into the new farm though.
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I'm assuming because it's an entirely different platform. It would be like going from BSC to ETH; the tokens generated in the LP pools are completely different so you can't pool v1 tokens in v2 pools and vice-versa.
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An important note for all Splinterlands investors.
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Yea I would like people to remind people in the daily post if you do see details about it so we can all move out tokens in a timely manner.
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Sure J. I will tag you and post it here as well.
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It's very important we don't put this off.
Make the switch during the 24 hour grace period where the team removes fees.
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That's our work
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@lbi-token put out a post about building wealth.
Interesting timing. Maybe he saw what we are doing in this room and decided to follow. Or maybe coincidence.
Either way, a good topic.
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Yea I find it is definitely good for the beginners. It's always the hardest to get started and getting them to stay consistent.
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An article to remind us about the value of staking.
What are you focusing upon?
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I still don't get why everyone is okay with people saying 'i just add this tag for free money to immediately dump'.
Those tokens are all going to zero...
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Well I still think LEO, CTP, SPT, POB and VIBES are probably the top tokens I would stake right now.
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Hey Guys, Zapper's Season 2 rewards are rolling out on 23rd. You can claim your free NFTs by completing quests. Check out Jerry's post to know more:
https://leofinance.io/@jerrythefarmer/zapper-s-season-2-rewards-are-rolling-out-on-sept-23-a-lot-of-free-nfts-to-be-claimed
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Bitcoin Billionaires Back Woolly Mammoth Revival Project Colossal - There Is No Shortage For Crypto Use Case
https://leofinance.io/@successforall/bitcoin-billionaires-back-woolly-mammoth-revival-project-colossal-there-is-no-shortage-for-crypto-use-case
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Splinterlands: The Next Generation of Blockchain Collectible Card Game
https://nftevening.com/splinterlands-the-next-generation-of-blockchain-collectible-card-game/
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It's nice to see more actual news places joining in on the Splinterlands hype.
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