Weekly WenSoon Show (LeoFinance AMA) Recap - 9/13/2022

in LeoFinance2 years ago

After a one week hiatus we were back live talking all things crypto, leofinance (and some IRL business stuff).

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Threads Updates Like Lightning (Pun Intended)

If you click on threads on desktop you will find speed in loading, no more waiting for more than a few seconds.

This update went live while we were on the AMA.

The non technical explanation is two servers have been setup so one is handling/storing the back end while the other is handling the threads and takes the burden of lightning doing and having it all at the same time.

Like I said, the non technical explanation while I type on the fly.

Cub is Burning!!!

The rate of Cub burns continues to build each day and the HDB pump today is only helping that cause.

We're at 70K cub burned for this month and that doesn't include today's likely bump. Estimates are for 300K cub to be burned this month.

Crypto in general..

Where will Bitcoin go? @khaleelkazi thinks this area is the bottom and the calls foe 13k or 10k likely won't play out.

I'm more and more on board with this as we continue to carve out a price base, but the economic conditions can always impact this. I will be buying if BTC does for some crazy reason get down to 14K, though seeming less likely.

ETH and the coming merge...

It will be scam mania over the next few days as people sweat getting airdrops from the merge. Be careful out there and prob be best practice to move your ETH of centralized exchanges.

Not financial advice and all that DYOR.

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so happy we got to experience the Cat using threads for the first time live! lol

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A little correction. It is actually single server/process that handles threads. It is simply a double buffer, two copies of the same data, one is used for serving API requests while other one is being updated, so CPU can do them simultaneously without any data corruption. Then when next update is ready, they do swap places, updated one keeps serving without any delay while difference/patch is applied to the other one. This whole process repeats with two data alternating in each iteration. Having two servers is actually bad for this as it creates error surface and delays, that's why I wanted to clarify it.

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Appreciate the clarification!

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Thank you for the continued recaps. These are saving a great deal of time for me.
!PIZZA
!LIV

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I agree with you that it will be scam central for a while, as the people naturally try to profit from the POW air drop.

The main problem I have is that this isn't a Leo air drop, which has spoiled us with it's integrity.

These are unknown people with some what unsavory reputations, which may be unfairly applied, but... P

lus we don't have confirmation it's coming nor do we know for certain what the token will be worth.

Only speculation in the way of futures being sold on a few exchanges.

So is it worth risking your ETH even if the risk on Coinbase is probably non-existent?

I don't know if the profit is also non-existent or really small.

While I understand that it is easiest to get the air drops if your ETH is on a big exchange participating in the air drop and the fork, it is still unclear from the exchange notices that the fork will definately occur, and your advice about keeping your eth off centralized exchanges is always valid advice.

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