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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

Crypto Tip

2

Comments

  • haiehaie Member, Swaye's Wigwam Posts: 21,900 Swaye's Wigwam

    haie said:

    If you want a good crypto investment throw some money into cardano ADA. They just signed a deal with multiple african countries to run financial systems via their blockchain. Biggest crypto onboarding/contract ever. The coin has a supply limit of 45 billion. It’s the 3rd generation version of ETH and has only been in existence for a couple of years. It’s done by the same devs. There’s an entire ecosystem built off it as well. Gone up 40 cents in the past day.

    LOL you mean they announced they're going to store grades for school kids on Cardano. Why that actually needs a blockchain/cryptocurrency is anyone's guess.
    I think the whole goal is to establish better access to social, digital, and financial services through their blockchain.
    Why do you need a blockchain, with a cryptocurrency attached, to achieve that?
    Security, of course.

    That is the whole point of all of this.

    >>>>>> traditional security and validity.
    Cryptography inherently makes things more secure. Blockchains inherently do not. Blockchains and decentralized cryptocurrencies solve the Byzantine general’s problem. Is that a real problem for grades in Ethiopian schools?

    Blockchain inherently makes things secure, because you cannot forge anything. I'm not talking about TSL. I'm talking about security in the general sense.

    As to your other comment, I would assume so, or at least the Ethiopian government assumes so. Need @EthiopiaSuperiorityGuy to weight in.
  • BuffBuffPassBuffBuffPass Member Posts: 324
    haie said:

    haie said:

    If you want a good crypto investment throw some money into cardano ADA. They just signed a deal with multiple african countries to run financial systems via their blockchain. Biggest crypto onboarding/contract ever. The coin has a supply limit of 45 billion. It’s the 3rd generation version of ETH and has only been in existence for a couple of years. It’s done by the same devs. There’s an entire ecosystem built off it as well. Gone up 40 cents in the past day.

    LOL you mean they announced they're going to store grades for school kids on Cardano. Why that actually needs a blockchain/cryptocurrency is anyone's guess.
    I think the whole goal is to establish better access to social, digital, and financial services through their blockchain.
    Why do you need a blockchain, with a cryptocurrency attached, to achieve that?
    Security, of course.

    That is the whole point of all of this.

    >>>>>> traditional security and validity.
    Cryptography inherently makes things more secure. Blockchains inherently do not. Blockchains and decentralized cryptocurrencies solve the Byzantine general’s problem. Is that a real problem for grades in Ethiopian schools?

    Blockchain inherently makes things secure, because you cannot forge anything. I'm not talking about TSL. I'm talking about security in the general sense.

    As to your other comment, I would assume so, or at least the Ethiopian government assumes so. Need @EthiopiaSuperiorityGuy to weight in.
    That’s only true about forgery if your blockchain is immutable. Plenty of big name cryptos have history of violating this, including Ethereum and the DAO.

    Assuming they need it doesn’t make it so. It’s much more likely they paid off some Ethiopian government official to achieve this rather than some real need for a blockchain in Ethiopian schools. This is probably better than the usual corruption too as they get to confuse people who don’t know any better and come across as forward thinking at the same time.
  • haiehaie Member, Swaye's Wigwam Posts: 21,900 Swaye's Wigwam

    haie said:

    haie said:

    If you want a good crypto investment throw some money into cardano ADA. They just signed a deal with multiple african countries to run financial systems via their blockchain. Biggest crypto onboarding/contract ever. The coin has a supply limit of 45 billion. It’s the 3rd generation version of ETH and has only been in existence for a couple of years. It’s done by the same devs. There’s an entire ecosystem built off it as well. Gone up 40 cents in the past day.

    LOL you mean they announced they're going to store grades for school kids on Cardano. Why that actually needs a blockchain/cryptocurrency is anyone's guess.
    I think the whole goal is to establish better access to social, digital, and financial services through their blockchain.
    Why do you need a blockchain, with a cryptocurrency attached, to achieve that?
    Security, of course.

    That is the whole point of all of this.

    >>>>>> traditional security and validity.
    Cryptography inherently makes things more secure. Blockchains inherently do not. Blockchains and decentralized cryptocurrencies solve the Byzantine general’s problem. Is that a real problem for grades in Ethiopian schools?

    Blockchain inherently makes things secure, because you cannot forge anything. I'm not talking about TSL. I'm talking about security in the general sense.

    As to your other comment, I would assume so, or at least the Ethiopian government assumes so. Need @EthiopiaSuperiorityGuy to weight in.
    That’s only true about forgery if your blockchain is immutable. Plenty of big name cryptos have history of violating this, including Ethereum and the DAO.

    Assuming they need it doesn’t make it so. It’s much more likely they paid off some Ethiopian government official to achieve this rather than some real need for a blockchain in Ethiopian schools. This is probably better than the usual corruption too as they get to confuse people who don’t know any better and come across as forward thinking at the same time.
    That's a good point. I'm not into crypto, but I wouldn't touch immutable cryptos anyway. I guess that's part of the investment analysis for those that are though. Is that just because they're trying to rush to market?
  • backthepackbackthepack Member Posts: 19,861
    Up a dollar to 2.30 in the past week and a half. Signed contracts with 22 more countries. You’re welcome.
  • jecorneljecornel Member Posts: 9,727
    I’ve got a nice little bag.


  • ntxduckntxduck Member Posts: 5,686
    @backthepack as the resident crypto expert what are your thoughts on ethereum max (emax) that just launched Friday?


    https://www.ethereummax.org/
  • dirtysouwfdawgdirtysouwfdawg Member, Swaye's Wigwam Posts: 13,028 Swaye's Wigwam
    ntxduck said:

    @backthepack as the resident crypto expert what are your thoughts on ethereum max (emax) that just launched Friday?


    https://www.ethereummax.org/

    Self proclaimed.
  • backthepackbackthepack Member Posts: 19,861
    edited May 2021
    ntxduck said:

    @backthepack as the resident crypto expert what are your thoughts on ethereum max (emax) that just launched Friday?


    https://www.ethereummax.org/

    Anything done by the ETH team is probably worthwhile.
  • FremontTrollFremontTroll Member Posts: 4,744

    ntxduck said:

    @backthepack as the resident crypto expert what are your thoughts on ethereum max (emax) that just launched Friday?


    https://www.ethereummax.org/

    Anything done by the ETH team is probably worthwhile.
    Who the fuck is the “ETH team” and what the hell do they have to do with this pump n dump?
  • backthepackbackthepack Member Posts: 19,861
    edited May 2021

    ntxduck said:

    @backthepack as the resident crypto expert what are your thoughts on ethereum max (emax) that just launched Friday?


    https://www.ethereummax.org/

    Anything done by the ETH team is probably worthwhile.
    Who the fuck is the “ETH team” and what the hell do they have to do with this pump n dump?
    Eth isn’t a pump and dump. It’s the second biggest coin on the market behind bitcoin. The coin he’s talking about is on the eth network, it’s built off ETH code.

    Cardano’s not a pump and dump at all?
  • FremontTrollFremontTroll Member Posts: 4,744

    ntxduck said:

    @backthepack as the resident crypto expert what are your thoughts on ethereum max (emax) that just launched Friday?


    https://www.ethereummax.org/

    Anything done by the ETH team is probably worthwhile.
    Who the fuck is the “ETH team” and what the hell do they have to do with this pump n dump?
    Eth isn’t a pump and dump. It’s the second biggest coin on the market behind bitcoin. The coin he’s talking about is on the eth network, it’s built off ETH code.

    Cardano’s not a pump and dump at all?
    No shit man my question was what do Vitalik or any eth developers have to do with emax?

    You realize anybody can create an erc-20 token right?

    I spent five minutes looking into it and looked like a super obvious pump n dump. 2 quadrillion tokens lol. Who is the team? Who stands behind it?
  • MelloDawgMelloDawg Member, Swaye's Wigwam Posts: 6,709 Swaye's Wigwam
    Just chiming in to say that I also am on the ADA bandwagon.

    Disclaimer: This is not financial advice.
  • doogiedoogie Member Posts: 15,072

    Thanks for the tip, maaaan.



  • BasemanBaseman Member Posts: 12,366

    Up a dollar to 2.30 in the past week and a half. Signed contracts with 22 more countries. You’re welcome.

    http://youtu.be/wT-8Dm1VThc
  • HoustonHuskyHoustonHusky Member Posts: 5,978
    Should add I’m not a crypto guy...I have about $50k...errr...$25k now in litecoin forever lost from mining it out of boredom 10 years ago but that’s my own stupidity.

    I like the idea of crypto...think most here know my opinion on the Fed and their printing presses...but I do think the crypto space has become a worse version with everyone coming out with a new one and printing up a storm of it. And absolutely despise the idea the space is mostly driven by burning coal in China to generate electricity to mine the stuff and then a transfer of wealth from Western Civilization to them to “buy” it.
  • BleachedAnusDawgBleachedAnusDawg Member Posts: 11,521
    Day-trading crypto is not smart. Long haul I think it's a good investment. Consolidation needs to happen, though. Way too many options out there and everyone is blowing their wad on fad coins to try and find the next Doge get-rich-quick scheme. The fact that all it takes is one Elon tweet to make people panic speaks to how immature this market still is.

    I read an article comparing the recent crypto run-up to the dot-com bubble. Amazon took a huge hit during that cycle but came out on the other side as an empire. Bitcoin and Etherium are the only ones worth buying right now, IMO.

    *This is armchair info only and not to be taken as financial advice. I am only good at noticing financial trends after they've happened.
  • doogiedoogie Member Posts: 15,072
    So, crypto trading is blind gambling. Thanks! Got it!
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