Daily Crypto Markets Live Blog: The Quest For 10K Comments Continues (06/10/22)

in #leomarkettalk8 months ago (edited)

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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.

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Though Adam Moserri, the design thinker and head of Instagram thinks of tokens as equity or shares, the ideas he shared posted on Ted Talk last month confirm what blockchain and crypto advocates have been saying for years. He talks about cryptocurrency, social tokens, NFTS, DAO, and smart contracts. He describes them as a group of ideas known in the industry as Web 3. He acknowledges that every one of these is built on a foundation called a blockchain. Through this technology, he dreams of a world where the original promise of the Internet is realized and power is pushed away from the establishment to what he describes as "creators," individuals whose personality is their brand. He concluded his talk with this inspiring statement:

We will create a world where anyone with compelling ideas can turn their passion into a living and at the same time, effect possibly the greatest transfer of power from the institutions to individuals in all of history.

Source

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I salute him for recognizing technology and what it can do. I also love that he is aware of the web 3 effect.

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Yes, I am also impressed. It is a misconception on the part of Web 3 people that those in Web 2 are not aware of the power of Web 3.

I think time will come and more will get to know or learn about it.

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Yes, and we will be glad to witness a massive exodus from Web 2 to Web 3 as an outcome of such widespread realization. 🤩

This is certainly the case. People do not realize how big this is going to become. We are looking at quadrillions in value being captured and monetized. That is the key. It is already out there but not monetized.

Cryptocurrency changes that.

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Wow! I could not comprehend such a huge amount of wealth. I wonder how many billionaires and millionaires will be created once all these things started to roll out.

Even more importantly, how many people making a few hundred grand will come from this? That is the key. Uplifting all of humanity. The biggest impact always comes from the bottom.

You are writing about the Eurodollar system. Just consider what is in there. There are trillions of dollars of trilateral loans through Repo. We have no idea of the bilateral but my guess is tens of trillions. And that is just daily activity.

What the total value of that? We know there are at least $750 trillion in derivatives alone. Add in FX reserve, cross border payment liabilities, international debt securities, and OTC FX transmissions and what do you get?

A shit ton of money in all it various forms.

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Even more importantly, how many people making a few hundred grand will come from this? That is the key. Uplifting all of humanity. The biggest impact always comes from the bottom.

I seem to take this for granted, but I think you're right. What matters is not the "big thing." For many, just making thousands or hundreds of USD from crypto is already big.

"Tens of trillions," just for daily activity? That's really beyond comprehension for a new reader of the Eurodollar market. However, somehow this gives us a reference for the amount of wealth that can be created in the crypto space.

The Repo market is $3-$4T per day. That is what the custodian (Bank of NY Mellon) and the primary dealers report.

What happens with the bilateral agreements? We honestly can only guess. There is no way to track an overnight agreement between a bank in Cyprus and one in the UAE.

What we do know is there is a collateral shortage and pristine collateral is US Treasuries. There is about [email protected] trillion of those out there and there is a shortage.

So how much is being done each day? We can only guess.

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We seriously have to pull the power away from the major technology companies. Facebook and Instagram are poisons in the process.

This is why what we are building on Hive is so vital. We simply need more projects to roll out.

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Just curious. The guy is working for Instagram, but his vision looks like he is in favor of such a power shift from institutions like Facebook and Instagram to individuals.

Yes but he did mentioned how it was going to put them in a stronger position and still be used. He cannot see a day without them.

The part where he talked about people tokenizing their followers and then being able to access them on YouTube or Instagram sounds like he still sees them as a primary part of the future.

That is my read anyway.

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Yes, I remember that part.

Interesting how he feels that the traffic will still be on the Facebook family of apps. An insider bias? Maybe.

We are seeing a lot more options forming. To truly be worthwhile, we need to pull the power away from those entities by diminishing the number of users.

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It is just a matter of time. I think I saw you posting about Facebook's market price suffering a huge decline. A month ago, I saw in the news that they blame TikTok for a similar drop in price. I am tempted to think that perhaps people are beginning to realize the real character of Web 2.0 and are now shifting their interest to anything they heard about Web 3.0 whether for real or not.

LUNA is falling, Terra Luna Classic (LUNC) is rising, anyone know why?

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I have no clue :) Haven't checked any charts lately.

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The SEC started an investigation, I don't know if it had anything to do with it.

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Hmmm, that's interesting.

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We may soon find out what happened on the Terra side.

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Hard to draw conclusions based upon short term moves.

Give it some time to see how things pan out.

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I totally agree with you but it's weird that LUNC goes up, LUNA goes down. Otherwise LUNA will fall today and rise tomorrow. This is normal.

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Hive and Steem proved that new forks can exceed the original one.

ETH and ETHC actually did that too when you think about it.

So we will have to see if that holds true for the Terra chains.

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I hope they are successful. I really want this. We'll wait and see.

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Pump and Dump

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Is there any intervention? We'll wait and see.

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Top Line Comment Banner for LeoFinance at https://leofinance.io

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The count is going up. Gaining on the next 500K.

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Every day we can track the growth happening in form of posts getting created.

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Once I figure out how to connect to HiveSQL, then I need to figure out which tables have the info I need to create the queries which can answer questions we care about such as these:

  • At what date/time did we reach 100M posts?
  • What was post count at the moment a new edition of DCMLB was posted?
  • What is the difference in post count between today and yesterday? This is what we've been trying to figure out, and all "posts" I've made here have been approximations
  • What is the difference in post count between today and last week? 2 weeks ago? 1 month ago? etc.
  • Based on any 2 dates, what was the MAX difference? MIN difference?

It's not difficult to make the queries once the HiveSQL syntax is understood, but sometimes the info isn't where we think it is; or we get the logic wrong in forming the query.

Until I can get these questions and figured out, I'll keep putting up the screen captures.

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Actually HAF might help you with that. It is something that, from what I understand, is going to make database creation much easier.

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Good luck with finding out, for me I still have to connect to HiveSQL, let's see if I can do it

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For what we're both trying to do, this may be the best post for us:

Additional help may be available here:

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It is what we need to concentrate upon. Daily growth will add up over time.

Each comment is adding to the size of the ecosystem. It is a slow process but it does grow over time.

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Yes, and that's why I try to comment on posts with no comments so that we can get some meaningful conversation.

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What's your take on @hiveio's recent announcement about partnership with Footprint Analytics and holding together this competition? Anyone thinking to participate?

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Always good to see outreach projects.

But we need to get the foundation in place and expand what is here.

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I am more curious about the analytics aspect of this partnership. But of course, it will take time to learn about this new field.

World Bank President David Malpass is now selling the global recession and stagflation narrative to introduce his ideas of reform "in fiscal, monetary, climate and debt policy." Again, the usual excuses, capital misallocation and global inequality. Very innovative indeed!
Source

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Not surprising. They keep operating under the same delusion which is actually making the problem worse.

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New York made HBD illegal.

No surprise. The regulators are going to use the UST situation for maximum gain.

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Why do they even need to put regulations on crypto in the first place.

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Politicians love power.

Have you ever seen anything they didnt put regulation upon?

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That's True.

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They are doing their job, putting their hands on everything they can, lol!

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If we use stablecoins as a stepping stone to buy other altcoins, we just do likewise with HBD: use HBD to buy a SWAP-coin before we withdraw.


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Source: Tenor.com (via D.Buzz)

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Certainly, there are a lot of uses for HBD. We need to keep expanding the use cases for it.

We really need to push value towards both coins.

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I was just addressing the supposed illegality of HBD in New York State. As long as the governor doesn't sign the legislation into law, then it has no force of law.

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I didnt look into it deeply. It might be FINRA.

Either way, it doesnt matter, there is no way to get HBD under regulation.

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If there's one thing I've learned since 2008, it's that laws once meant only for "certain situations" eventually end up being used in "all" situations. This came to pass with the more questionable provisions of USA PATRIOT Act and the income tax amendment to the US Constitution which was meant "only" for those who "qualified" until that came to mean the effectively "everyone" qualified. Even Social Security Numbers-- once meant to be used only for Social Security purposes-- ended up being used as de facto ID numbers throughout society.

I want to believe that cryptocurrency and specifically HBD are beyond reach of government regulation, but a government hellbent on extracting its pound of flesh will get its pound of flesh one way or another. Even if the effort ends up a failure, it has the means to make life a living hell for the population living under its jurisdiction.

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They simply adjust the numbers to encompass more people. It is really that simple.

Few realize the income tax act was only meant to be "for the rich". This is why those who support the "tax on unrealized gains" are total assholes. They claim well it is good to tax the rich. Even if that were the case, in 20 years it will be a tax on everyone.

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Which in the grand scheme of things, means absolutely nothing.

We will continue to exist outside their jurisdiction whether NY likes it or not.

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It will be quite hard for them I think. People will always find ways to go around it hehe

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I believe it gets magnified when you have developers involved.

Whatever they set down, we can code around. It is why, I feel, they havent had much success against megatech. Whatever regulations they draw up, code is changed to be exempt.

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That is the key to decentralization.

There is nothing they can do to HBD. It is simply out of their reach.

It is the lesson from the Eurodollar system. The Fed, USG, nor NY State can do nothing about it.

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One bad coin is putting good coins at risk

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I am not sure about risk but it is making life more expensive for the likes of Circle.

Regulation costs money it is why most of the compliance is by larger firms; they have the people and infrastructure in place to handle it.

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We need to march towards 10K.

Someone mentioned that 10K and beating Khal will result in 250 LEO.

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What exactly is the offer and where do you check the stat(number of comments), is there any tool that keeps track of the number of comments by the different individual?

https://hivelayers-stats.herokuapp.com/

Enter your name in where it says AMR008 and then wait for it to load.

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Thanks a lot. I just have one more doubt. After I checked this tool, I found that it is displaying the old data, I mean 2021. I tried to select 2022, but it does not have any option. You can see there is no option to check after July 2021. Does it display the real-time data or at least with a lag of one day or two days?? Or maybe something I am missing. Please educate me on this. I appreciate your time.
heraku0001

Yeah only the last 30 days work. The tool is not updated and there are some bugs.

So you can only use it for the most recent posting.

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Khal's offer on the recent AMA was, 250LEO to anyone who beats him on Asher's report (Leo Engagement League) IF we hit 10k comments.

You can track your individual comment stats HERE. Just change the Hive username into yours.

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Let's go! The LEL might end Friday morning. We got a few hours, lol!

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I am confused.

What is the offer?

We are trying to get 10K during the Leo.stats time period. We started this on Monday.

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I know it counts from Saturday.

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Yes, that's the LEL (by abh12345). TM is thinking about a different stat (leo.stats)

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How can we follow this?

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@abh12345 report out for Leo Engagement league on Friday.

@leo.stats report out on Mondays.

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You can check the last LEL report from Asher. I am seeing the post was published 6 days ago.

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He mentioned 10k on Asher's stats which means the LeoFinance Engagement League

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Well considering that we werent aiming for it when that kicked off, it isnt much of an offer.

We started the 10K push on Monday.

The window for Asher's accounting is already closed.

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Yeah, I am hoping we'd hit it. But then the interface is now playing a little glitchy again.

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I have a feeling that Khal will roll it over to next week.

And we should be able to hit it easily on Asher's report.

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I'm on leo mobile.

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If this is missed, next one would begin.

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The stats would tell

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Leo.stats update was Mon, LEL is today.

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I thought it started after the LEL report was published.

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Yes we have around 4-5 hours..around 250 minutes.

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Anyone know what the score is now?

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I have no idea how to get them, lol! I wonder how Asher pulls the data.

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He pulls it through the SQL Server

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Yes that's true

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I think it might be necessary to focus on next week.

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Yes. I hope he extends the rewards hehe. I heard him say "this week... it comes Friday morning"

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Just keep pushing till revelation time.

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It ends at 8 Eastern Time.

So it is over.

We are now posting for next week on his counting.

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Ohh then we have to wait for asher to see where we stand.

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Considering we didnt have a concentrated effort until early this week, it means we will not likely get there.

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Let's see if I can code something for next week so that we can keep track of it.

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Yes, we didn't plan earlier, the room is set for the upcoming week.

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Exactly… and we missed days of things not working too.
Today isn’t going well either.
I don’t see half of this post. And not even sure my comments go though ?

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Oh so it's over then. I was thinking PST.

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So the counting is stopped for this week?

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Yes, if it is EST then we are already on the new week :)

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That's totally true, I'd be expecting Asher's post about 7 hours from now

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Where's our report sheet...

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Oh, boy, I'm late.

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Haha, it's okay. At least you're here.

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Yeah, it always counts.

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So is this finished, and look CJ I made it here, all by myself;)

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It can never be finished Tito Ed and welcome to the market, lol!

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Thank you CJ, the never ending story or as Eli would say another segment of the After Eights saga!

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Yes, she's right :) It goes on and on

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You are telling me!

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Yes, I've heard that too. But I don't know if the news is true.

Everyone says ask @ifarmgirl :)

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Well it's true. Heard it from Khal's mouth on the AMA replay, lol! It's on timestamp 1:38:50

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This is good news :) I need help with my wallet.

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I'm not sure though if the offer carries next week. He specifically mentioned this week.

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If we don't hit 10K this week, it could be valid next week. But according to the data of leo.stats, I think we will reach 10K by Monday.

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That's awesome then. At least we'd get it.

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We will ask Asher to push the report by 1 day, LOL

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Hahaha, even if he delays the posting, he will still follow the previous :)

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Wow, record timing..

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Is that someone Khal?

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I don't know, but I think 10k is inevitable, this week or next.

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Well I started it with the idea of hitting it on Leo.stats.

Khal seems to put it on the Leo Engagement League.

Perhaps he will carry it over for this week that we just entered.

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It will eventually happen. If not in this time's LEL, it will be the coming week.

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That's absolutely true

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Yes it is, and then it will constantly increase from now on.

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That sounds very interesting and catchy to make happen.

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10K comments, but in one post like this or in a whole day on the leofinance front end?

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REMINDER!!!

Get those #CANDIES. It is that time again.

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Today was my 100 CANDIE day.

I am on the top of the mountain. And tomorrow, I will be in the toilet.

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Top and Bottom of the cycle

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The way it is

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From 100 down to 10 is just starting over-- that's OK.

From any other number down to 10-- not the toilet, but not a good thing, either.

To be at the toilet, consume a bottle of ipecac or buy UST.


The Griffins cosuming ipecac
Source: Tenor.com (via D.Buzz)

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Ah, UST again

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UST:"Newman" :: HBD:"Jerry"


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Source: Tenor.com (via D.Buzz)

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What happened with UST? i forgot it.

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UST is TerraUSD, companion stablecoin to Terra (LUNA). USDT is Tether, a different stablecoin and the #3 overall leader in market cap.

Nice seeing you got it... 40 candies in for me

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Mine too 🥳🥳🥳 yeah!!!
Nope… I’m enjoying this beautiful green valley with stream and wildflowers. Not sure where you got stuck hahaha

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100 Candies? WOW how much do you have?

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100 on the jar, yay! Tomorrow will be another day down there, lol!

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Congratulations, you're on top! but tomorrow you're at the bottom

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Yep, no doubt about that. It's a cycle haha.

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It's a stunning cycle.

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Yes, a good exercise too, lol!

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It's like a bear and bull market exercise.

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A cycle that never ends.

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And where are you'?

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I'll be on the 4th floor today :) I'm at the top in 3 days :)

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Congratulations!!!
Tomorrow will be the start of another exciting climb. :)

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Yes it is. Always nice to climb back up after every fall :)

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Don't treat it as a fall. Rather, think of it as a slide. You know, just like the slides for kids on the park. 😊

Oh yes, that's better. I like that because it's fun so yes, slide it is! Thank you for that 😊

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Nice, you've been showing up

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Yes, that's the way to go :)

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Non-stop mix

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Congratulations to you 🥳🥳🥳 100 candies!

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She is showing off her candies hahaha.

I get 10 candies :)

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Oh good! Congrats on that. I'm getting 10 in half an hour.

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I got 30 more candies, keep climbing again.

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Yeah Step by Step

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That's exactly what I do, I buy some every day.

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There is no link to go to the top comment in the notifications, the comments are mixed :)

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They are still rolling the upgrades. And I read from Khal, there will be new features on the threads too after the community pages are done.

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Yes, every day there are some other features are coming up. The team never relaxes.

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They're really doing a great job going forward. Finally, Project Blank release date will be announced :)

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There was something similar, where it was organized by themes, but that also got mixed up a lot, so they stopped doing it.

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Hahaha right, i think the same.

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Congratulations! Almost half-way to the top.

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I just keep climbing. After a few days, I'm at the top.

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And we'd be celebrating with you ;)

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Don't fall down right away, linger there for a bit, I'll be there in 4 days, we celebrate together LOL

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Haha, someone said let's not call it a fall but a slide. It's actually more fun to use the word hehe

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Did you know that out of the 350 comments on this post approximately 200 are yours and rtonline's? hahaha

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Oh yeah? That's good right? LOL! Sometimes conversations just stretch out without us realizing it.

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Congrats.
One step a day. :)

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Being stable is enough to reach the top :) We will reach the top with 1 step and 2 steps :)

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Yep, climbing is the only way.

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WELL :D

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60 for me, still one more step

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100 is always the thing to look forward to.

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Yeah 100 every week is a sweet day

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Congratulations.
Just one more step for the sweet 100 candies. :)

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Yes, tomorrow is the top for me

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Congrats :D

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Thanks much! :)

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Just bagged another 20 today.
Thanks for the reminder. :)

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Congrats to you on your growing bag of candies :)

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Thanks a bunch. :)

Pleasure :) Cheers!
!CTP

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That's great, keep climbing

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I sure will. 🙂 It's feels great climbing with you guys and gals. 😊

You are showing up.

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How much do you have right now?

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Not much. Just 370. :)

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Thanks for the reminder. It's late so just collecting it before going to sleep. I'll be busy for the next 3 to 4 days then I can come back to making comments like usual.

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Would be waiting for your presence as we try to achieve the goal at hand.

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