Outside of Hive what is your favorite blockchain and why?
Please tell us from both the token and development/utility perspective.
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Outside of Hive what is your favorite blockchain and why?
Please tell us from both the token and development/utility perspective.
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I would probably have to say mines would be WAX since they have CPU which acts similar to RCs in HIVE. This makes it a viable choice for gaming but I don't like the fact that they charge you for space. So if you want to have more NFTs, you have no choice but to buy some RAM.
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Terra (LUNA)
Terra (LUNA) is worth looking into if you haven't yet.
We all know how important stablecoins are going to be when it comes to both crypto on/off ramps and general stability during bear markets.
Even more important will be algorithmic stablecoins that the US government can't touch.
Do some research into Terra's suite of stablecoins such as UST and how they use the LUNA token to maintain their peg.
You won't be disappointed.
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That was one of the most interesting projects we covered in the guides. I still didn't get in it but I'm most likely going to do that soon
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Terra (LUNA) could be a viable alternative to Visa and MasterCard. It's big in Asia where there are 45+ mobile payment systems, and Terra could one day replace them.
(While it can replace the credit card functionality of American Experess, it cannot replace the other features present in an American Express Card membership.)
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Speaking of Terra (LUNA), here's another look at UST that popped up on LeoFinance overnight.
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Terra ($LUNA) Hands Down! 🙏
It is a stable of stablecoins! A protocol to create and run algorithmic stablecoins. For example, UST (Terra USD) is built on Terra Blockchain and pegged to $1. Everytime a new UST is minted, $1 worth of $LUNA (Terra's native coin) gets burned. Helping DeFi apps and protocols achieve their full potential without restrictions.
Talking about Utility. This is what they have achieved so far:
2M Active payment users. $1B Transaction volume per annum. It is being used as real money and getting popular in Asian markets!
I wonder why don't have payment apps on Hive yet. Maybe HBD is not that stable and it's not viable for big businesses to use it.
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Also, UST is decentralized unlike USDT, USDC, BUSD, and even DAI.
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Hmm...seems like something I should look into. But hive already has a stable coin--or should I say a semi stable coin --COIN 👀
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Yeah. HBD doesn't hold the peg too often and that's a problem we need to resolve asap. It could have a bright future.
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The peg for HBD was supposed to be improved with Hard Fork 25, and for a while it looked that way.
Given the events since then (with HBD going as high as USD 1.20 or higher), a post-mortem of HBD's performance needs to be made to determine what happened beyond the scope of the algorithms so that the algorithms can take those factors into account going forward.
Algorithms are only as good as the people who create them, and creating algorithms isn't an exact science. It's an experience we can all learn from. Over time, the peg used by HBD will function better and better.
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I have learn a lot of people like it so far but I haven't bothered to use it yet. Maybe when you can spend money directly in the US I will.
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Yeah. Till then buy LUNA if you can. It's going to be a great investment.
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You have peaked my interest. I am looking for a good stable-coin to store my initial investments when a project does well until HBD gets straightened out.
For sharing this great information, I will give you some !PIZZA. I do not have any !BEER so you will have to get that from elsewhere. 😉
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Speaking of PIZZA, this is a Layer 2 token which is heavy hitter behind the scenes. It has people behind it who are serious investors, and they are involved in blockchain gaming (especially for Rising Star). It actually performs as well or better than LEO.
I've been able to distribute PIZZA tokens with the "!" for some time, but now I'm staking extra slices of PIZZA which come my way.
As for BEER, I need help there.
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What do you mean by until HBD gets straightened out?
Just curious.
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For a while since HF25 HBD was maintaining its peg to USD, fluctuating betweem 0.95 and 1.05 as designed. Recent events caused HBD to go as high as 1.20 or even higher than that. That's great for a regular coin or token, but that's alarming for a stablecoin.
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See @magnacarta's comment. He explained it better than me. @smooth and folks are doing their best but them folks that trade on those Korean exchanges keep mucking up the works!
I think the destablization of the HIVE Backed Dollar (HBD) is a conspiracy with the STEEM blockchain in collusion! It is making the dogs gay damn it and I don't like it!
Call out the National Guard, La Guardia Nacional, the Legion Estranger, MI-5, Interpol, the Girl Scouts, and all the folks. This shit (HBD pump and dump) is worse than PIZZAGATE and should be termed STEEMYGATE!🤣
#conspiracy #schubes #rant #satire #lamehumor
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When the algorithm for HBD maintaining its peg was written, I don't they had this scenario in mind. It's not easy to address this via code.
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Oh, and have some !PIZZA too. I have not given away all of my quotas today!
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@taskmaster4450le! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (1/10)
@finguru! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (1/10)
Wax
The semi Feeless system, amount of games and NFTs and marketplaces are what keep me attracted to that platform. I love it for gaming and honestly wish HIVE had that same ecosystem of marketplaces and games. I'd totally be up for investing for some dev work in that area. Imagine games like Crypto brew master, Dcity, Splinterlands etc having a quality market place like AtomicHub to organize and buy, trade and even rent cards. That would be epic
Yea the marketplace in HIVE is really lacking but I don't like the fact that we have to pay for storage fees in WAX (RAM).
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Well in a way you kind of do here on Hive you need resource credits staked hive to do things on the network. We just don't promote it very well.
Hive's system means it doesn't have to be promoted though.
Normies don't need to understand anything more than 'you need HP to transact'.
But yeah, I totally agree about how cool the WAX marketplace is.
They have the better front-ends for now.
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I really wish I could find some devs and get started on a marketplace would be EPIC
Well I think CPU is more or less related to Resource credits and HP. RAM is different since you will naturally have to keep buying in over time to hold more NFTs.
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There is @nftshroom and @tribaldex that are HIVE affiliated. They have NFTs.
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I like Blockchains that allow interoperability. Say like Polkadot, Avalanche etc.
The reason being outside the regulation and control of CEFIs these blockchain are solving industry problems. With or without regulation or even with or without decentralization, connectors type blockchains are always useful.
It's like people from different countires who don't understand each other using their native languages, but they both understand a 3rd language (Enlish, Chinese, Arabic, Spanish, Esperanto, etc.). By using the 3rd language, both get to understand each other and work together to achieve common goals.
Blockchains are the same way. Precious metals act in the same way for fiat currencies.
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Thorchain (RUNE)
I don't really have a lot of technical reasons to back up my answer. I just think it's a good project and also it has a special place in my heart because it was my first 10x in crypto.
I think it's still going places so I keep adding here and there
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The biggest takeaway for me regarding THORChain (RUNE) was the ability to make direct swaps of tokens without the need to wrap them. Imagine doing away with wBTC, wETH, bBSC, even wLEO. The liquidity pools on THORChain would eliminate the need to token wrapping.
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This.
Being able to swap tokens without having to wrap them into something else is a huge plus for THORChain.
"Native" cross-blockchain swaps.
Huge.
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That's the phrase I was looking to use in my previous comment!
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That's a good point. I haven't explored this as much as I should but it's indeed a great selling point for Thorchain
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I'd also add Chainlink because I like their hybrid smart contract thing and Monero for their privacy focus
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I own LINK simply because it makes sense to me that a massively vital piece of infrastructure should be worth something down the road. I don't know how much or when it will get there but...I can't see it ever going away. In theory, it should just keep getting more important and wider usage. If network effect is a core tenet of what makes cryptos valuable, then I think this one should be worth a lot some day. Just my opinion...
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Yes, I share that opinion. And similar thinking can be applied to Monero. I think with time people will realize how privacy is important and Monero can be the benchmark for that kind of thing
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I'm just following Khal's lead on this one. There's no doubt in my mind he understands the tech way better than I do, so if he likes it, that's good enough for me. :-)
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Hahaha yea I think ThorChain has some good things going on but having someone as Khal "vouching" for it is always a good sign
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I'd rather go with him than with ELon Musk to be honest :P
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I actually do not have any favourite crypto project asides hive but I have dabbled with Binance smart chain and Bitcoin Cash (just recently). But still yet to find something as wholesome as hive
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Yea, it's certainly difficult to find something such as Hive.
The only reason I got into BSC was CubFinance
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Clicking the image above will take you to www.polygon.technology
Polygon (formerly MATIC), the Ethereum (ETH) side-chain created to address the scaling issues and steep fees inherent with ETH, is my favorite blockchain outside of the HIVE blockchain hands down.
If you missed it, @crypto-guides has a great detailed analysis of Polygon created by our folks here on @leomarkettalk and edited by @forexbrokr.
The native coin is very undervalued as stated by Kevin Gause in his Seeking Alpha article published just three days ago. I personally have some $MATIC in my small crypto portfolio. Rumor has it that Cub Finance will be partnering with Polygon in the near future.
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Yea, the next IDO is supposed to be Polygon so we'll see how that goes!
I never got into Polygon myself but it can be a good opportunity to do so
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Have some !PIZZA as you are the only person that said something nice. That is okay. I give !PIZZA to folks anyway!
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@tfranzini! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (4/10)
I'm still a little wary about Polygon because the project's whole use case is based around using Ethereum easier.
So what happens when (okay, if...) Etheruem FINALLY sorts their shit out and becomes usable for the layman?
What happens to Polygon then?
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Well that and the fact that people can't seem to get their smart contracts right and there have been multiple rug-pulls there.
I'm with you. I've got a little set aside for the IDO but I doubt I'll put a lot in.
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Have some !PIZZA Now I have fear, uncertainty, and doubt (FUD). That is okay. I was a victim of a certain community hype. The community will remain unnamed as I am a member! 😉
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Can I send !PIZZA back to you...?
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Apparently not. lol I DO own it though. But it's all staked. Do you have to have a certain amount and does it have to be liquid?
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Also, how do you get emojis in your comments? I've been looking through markdown and when I click on "emojis" it's all grayed out and nothing happens...
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Yes, I believe you must have at least 20 PIZZA staked. I have over 40, so can give away 10 slices a day.
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@leopuma! I sent you a slice of $PIZZA on behalf of @dagger212.
Learn more about $PIZZA Token at hive.pizza (1/10)
Hey, apparently it DID work! :-)
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Depends on whether you have some !PIZZA staked.
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If you like. I won't mind.
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lol Isn't it crazy how quickly sentiment can change in this crazy world of crypto?!? :-) A little bit of FUD takes the edge off the GEC (greed, enthusiasm, confidence) and now you're back to a coin-flip. Haha! Unbelievable.
Seriously though, Polygon is a member of the "not your keys, not your crypto" group. There are a few too many attack vectors there for me.
I'm not saying it's bad or anything bad is going to happen. I'm just saying there have been exploits. I'll stick with CUB and the people I know and I'll trust their tech with the IDO and we'll see what happens. There's no question it's a popular chain so the exposure should certainly be good for CUB.
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I know what you mean. A very influential person, who will remain nameless, has come back to HIVE after leaving in a huff over author rewards a few forks back. Now has a community with an overpriced coin that was airdropped to friends I guess.
Came for the crypto, stayed for the community, my arse.
At least some of us are honest about wanting to get a little wealth. This is not the first time I have seen this happen in the time I have been with STEEM and HIVE.
Grass was not so green at the other places. Nor is the new coin/token so shiny.
I am guilty too of hypocrisy so am making no judgments, just an observation.
I am focused on @leofinance and @splinterlands for the most part. Have been with both early on, with Steem Monsters/Splinterlands from the beginning. A critic at times, but still know which side of the bread my butter is on! 😎
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@dagger212! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (3/10)
They will adapt and overcome I hope! Have some !PIZZA.
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@forexbrokr! I sent you a slice of $PIZZA on behalf of @leopuma.
Learn more about $PIZZA Token at hive.pizza (2/10)
I'm very much looking forward to the Pulsechain when it launches. Fees will be pennies and you will be able to stake it and earn interest. It will also have "the world's largest airdrop" by forking the Ethereum chain at the same time upgrading it to deal with scaling and fees, as well as alleviating the environmental issues associated with ProofofWork.
It's definitely going to be very speculative to start with, but once it gets it's feet underneath it, I think it could be a monster winner.
The community is extremely active and it's on its way to going viral with HEX continuing to lead the way trading up over 51 cents last night and marching higher. It's a helluva chart if you haven't looked at it.
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I keep forgetting to check it out but it's definitely making a lot of noise! I hear about it a lot in various crypto circles that I'm a part of
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Those who got into Hex early are happy campers. It is killing it.
We will see how things work out. Richard Heart is a lot of things but he is also smart.
He might well be onto something.
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That's the crazy thing, it still is early. Once you understand how it all works it just makes a ton of sense.
Like any crypto, HEX is not going to go straight up forever. As he points out, it has crashed/corrected over 60-70% at least a half dozen times so far. And I'm sure it will again. And again. But like Bitcoin, it continues to come back and make new highs.
Once the Pulsechain comes out, I wouldn't be surprised to see a very big sell-off of HEX. The "new" HEX on the Pulsechain will have much, much lower fees and chances are it will take most of the new money coming into it if for no other reason than the transaction fees will literally be pennies as compared to the HUNDREDS of DOLLARS on the ETH chain. It's hard for people to invest $200, $300, even $1000 on ETH right now when the transaction itself could eat up 20% or more of what you're putting in.
Time will tell, as always. I'll just keep building my HIVE/LEO/CUB bags and HODLing my Bitcoin and see where that takes me. I'm liking the direction so far....
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The more I read bout Pulsechain, the more it intrigues me.
It's gotta be our next Crypto Guide.
Can you just give us a simple explainer as to where HEX fits into Pulsechain?
I just don't really understand the link.
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There really isn't one. The only link is that the developer/creator of HEX (Richard Heart) is the guy behind building Pulsechain.
Once Pulsechain launches, there will be two HEX's. One on the ETH chain (the current one), and a duplicate on the Pulsechain. Everything you have on the ETH chain will be duplicated on the Pulsechain. And then there will be a crazy few hours? days? weeks? of price discovery on the new chain.
I mean, they're going to fork the entire ETH chain, fully loaded. You see these cryptos that fork ETH but they do it empty so their token is the only thing on it, and then they build it out from there. RH's plan is to bring Pulsechain out fully loaded with a Uniswap fork set up with currency pairs and a bridge from the ETH chain to the Pulsechain.
It really is flippin' crazy. No one knows how its going to pan out, or even IF it's going to pan out for that matter. BUT, the chain will be cheaper, faster, more efficient, less environmentally detrimental, and easier to use than ETH with all the same functionality and then some. They are basically making Pulse into what ETH is trying to get to. And they've already got a ton of devs working on building projects on Pulse. ETH is just too damned expensive. Not only is it killing small investors, it's killing development as well.
So, like I said, it's a massive undertaking with lots of moving parts and no real roadmap because it's never been done.
The one thing that should be a constant though is HEX. If nothing else works, the HEX on Pulsechain should continue to hum along as the one on the ETH chain is doing. The only difference will be that transactions will be very, very cheap. We'll see....
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To reply to this comment, do we actually need to own the crypto we're commenting about, or is it OK to be an admirer from a distance?
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I guess anything works! ✌️ I admire Cosmos (ATOM) but I don't own any of it.
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In that case, I would go with cryptocurrencies and blockchains which build on Ethereum and shore up its weaknesses. Polygon, THORChain, Cardano, Solana, and Polkadot fit that description for me.
Out of those, I would choose the one with the best mooning potential. Although I know a bit about them from contributions I made for @crypto-guides, what I don't know are their market prices.
As a pure speculation for mooning potential, I'm still looking. Perhaps something in blockchain gaming, NFT creation or selling, real estate, sports gambling, or prediction markets would be where I would spend money; those look like promising use cases.
In between I have a small amount of money in Dogecoin. I missed it when it was less than USD 0.01, but I got into a few weeks ago when it was bumming around half its ATH from May 2021. For me it's a HODL until it reaches some price where it's a no-brainer for me to sell; that could be in 2 or 3 years, maybe 5 years. As a payment system its gaining wide acceptance, and I should be able to find people who actually transact in it p2p.
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Those are all good projects indeed. Especially Thorchain, which is one of my favorites.
I keep hearing mixed things about Solana so I'm not sure about that one anymore.
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LeoFinance is working on doing something with THORChain, so that's why I'm interested in it. Solana is good too, but it's been getting in trouble lately. If I had to buy one over the other, I buy THORChain.
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Leofinance is looking to integrate with whatever it can. This is only going to provide more exposure for the entire ecosystem.
It is good to see. Many are excited for the Polygon add.
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I really like it too. I bought some early and sold it over the winter and then bought it back this spring. It seems like it wants to potentially make a push at de-coupling from the Bitcoin/Ethereum sphere of influence. It's been doing well lately...
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I sold my last ATOM a few weeks ago and I think I did it too early!
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It can be anything but I think it would probably be best to pick from something you may of used. I find it easier to comment about its utility when you do
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I may not buy any of the ones I mentioned even though I find them interesting. For now I'll stick with my basic portfolio.
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I don't think anyone even mentioned the king, Bitcoin. It is definitely one of my favorite for the simple fact that it is pretty easy and straightforward to use. There aren't a lot of options so point and click works pretty well. While the fees aren't great, they're certainly not in Ethereums ballpark, and you really don't need to transact on the chain very much since it's mostly just buy and HODL. Works pretty well for that for me.
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