Clinamenic

θερμοδυναμικός καπιταλιστής
I would have expected a move like that to happen months, maybe a couple years later.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
@148 I.Q. Magical Thinker got my first NFT recently, aside from the one I made on opensea.

Its on the Tezos blockchain, and part of an official partnership with McLaren


I got the front right wheel+tire which they seem to still be giving out for free.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Very interesting. from The Defiant's coverage of the so-called "exchanged-traded product" (ETP) tracking the Uniswap governance token:

Institutional investors appear to be flocking into DeFi assets, with a flurry of institutional investment products offering exposure to the decentralized finance sector being launched by major asset managers this year.

Valour Inc., a Switzerland-based issuer of digital asset-based exchange-traded products (ETPs), became the latest asset manager to embrace DeFi on Oct. 26 when it launched the world’s first ETP tracking the governance token of leading decentralized exchange Uniswap (UNI). The product is trading on the German-based Börse Frankfurt Zertifikate exchange.

Valour CEO Diana Briggs said, “The future of financial services is being built on open, interoperable protocols.” She added that the firm is working hard to bring additional digital asset ETPs to market and offer exposure to DeFi assets “via mainstream investment channels.”
 

Clinamenic

θερμοδυναμικός καπιταλιστής
New York City is getting its own crypto asset, incentivizing holders to invest in the city and earn staking rewards, and to grow the city's crypto treasury. Apparently Miami has already done this, which doesn't surprise me, but I'm embarrassed to say I didn't know about it.


Apparently it is facilitated by Stacks, which allows smart contracts on the Bitcoin blockchain. Weird that they would choose Bitcoin, given the controversy around energy intensivity, unless Stacks is some kind of layer-2 that has a more efficient paradigm for node participation.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
A complicated pathway I needed to start on to end up with the Stacks token, STX, in my Hiro Wallet.

On Nexo, I converted $50 worth of ETH to USDT. Nexo picked up the bill for the transaction fee.

Then I sent the 50 USDT from Nexo to KuCoin.

Then I transferred the USDT from my KuCoin main account to my KuCoin trading account.

Then I set a limit order, using USDT, to buy STX when it's price falls to $2.10, from its present $2.27.

Once that order is filled, I will send the STX to my Hiro Wallet, where it should be eligible to be included in the NYC Coin smart contract circuitry. That is, I will be staking the STX via Hiro and receiving the NYC coin, when it is launched and functional, assuming my understanding is correct.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
This NYC coin could prove to be one of the most important crypto assets ever.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Anyone can mine CityCoins by forwarding STX into a CityCoins smart contract on the Stacks blockchain.

Here is the link where you can link your decentralized wallet, Hiro being one of several endorsed by the official Stacks discord channel


But here I think it is worth understanding the smart contract, because there is an explicit disclaimer that once you distribute your STX into this contract, you will not have them returned, but will instead be positioned to receive some NYC (not sure if there is an established ticker yet) in return.

Seems you can already do this with Miami. Once my STX order is filled, I can try it out with the MIA token.
 

Clinamenic

θερμοδυναμικός καπιταλιστής
Also MetaMask may be getting its own token, presumably for governance primarily but maybe it will have some utility as well.


But re STX and NYC coin, perhaps it will be worthwhile to find a pool to do this, rather than doing it individually.
 

martin

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This thread sucks. You're supposed to be giving us fellow Dissensians crypto tips, but it's just a load of blather about algorithms and AI.

Meanwhile, Mr Tech-Illiterate over here is reclining and sipping a Whisky & Sour, and surveying his SHIB and QNT gains :cool:
 

Clinamenic

θερμοδυναμικός καπιταλιστής
These citycoins seem like solid investments, its just a really technical process for obtaining them, relative to the process for obtaining other crypto assets. Probably still worthwhile to buy them when they hit secondary markets.

In the meantime, I'll let you all know if I find a pool to join, cause that would be better than just going in solo. Not sure what kind of institutional competition we will be facing/
 
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