COINBASE for Crypto has come

constant escape

winter withered, warm
Starb I believe in you and as soon as I've got some spare cash I'm sending it to you to invest in this thing that I don't really understand. Just tell me how much you need.
Making a coinbase account is actually quite easy, provided you're comfortable with the know-your-client procedures they must comply with (users must verify their identity, not sure how much this varies across legal jurisdictions, nations, etc).

Between your spare cash, and the assets you can earn through their promotional education videos, coinbase will be a good option.
 

constant escape

winter withered, warm
I still need to look into Fantom, and a few of the others that Coinbase recently added.

But Matic is a good option to invest spare funds in.

Uniswap's token too, which is a governance token for their DeFi protocol. A nice, easy way to get exposure to DeFi without having to actually participate in it. Perhaps the same for Sushiswap (which has a misleadingly silly name for how established it seems to be). That said, I know a little less about Sushiswap than I do Uniswap. Uniswap is the current incumbent in DeFi, and it is built on Ethereum.

Edit: I own Matic; don't own Fantom (yet), Uniswap (yet), or Sushiswap (yet).
 

constant escape

winter withered, warm
Making a coinbase account is actually quite easy, provided you're comfortable with the know-your-client procedures they must comply with (users must verify their identity, not sure how much this varies across legal jurisdictions, nations, etc).

Between your spare cash, and the assets you can earn through their promotional education videos, coinbase will be a good option.
@catalog

But personally I would wait for MATIC's average market price (the sort that Coinbase sells at) to equilibrate a bit before you do. Seems a bit overheated. In any case, you can do "dollar cost averaging" and dole out your investment into chunks over short increments of time (in this market, maybe every 12 hours or so).

This stuff never sleeps. (edit: and moves at a rapid clip)
 
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constant escape

winter withered, warm
As I learn more about Polygon/MATIC I can report back here, for those who may be interested.

As I currently understand it, Polygon is a development framework (presumably a set of building block algorithms that expedites the development of more specialized algorithms?) that allows developers to create "sidechains" to attach to ethereum, rather than build their own independent blockchain. This may be convenient for those who want to piggyback on the momentum of Ethereum, and don't need their own ground-up infrastructure.
 

constant escape

winter withered, warm
Currently reading the initial Chainlink whitepaper. Depending on hardware requirements, average return on investment, and demand for different data types, I might want to set up a node.

The digest, from what I gather: Chainlink is a network of computers dedicated to relaying data of all kinds into smart contract networks (like Ethereum, soon Cardano, etc), in order for smart contracts to integrate this data into their automatic financial agreements.

For those considering sound crypto investments, look no further look into Chainlink. LINK is available on Coinbase, and is presently cooling off from a recent all time high of, what, maybe $52? That said, you can either take my word for it, or try to understand it yourself. I got in when it was $26.90 and have been earning interest since (not on coinbase, but a different custodial wallet).

What utility does the token have? Chainlink "nodes" (computers in the chainlink network dedicating to acquiring data and relaying that data to smart contracts) stake LINK with their data offerings. If they offer faulty data, their staked LINK is cut. Still reading the whitepaper, but I presume that if a node reliably provides correct data, it will be rewarded with LINK. So really the token is (as many other tokens are) an incentive mechanism to facilitate honest behavior among nodes in a network.

edit: down-hyping my (not) financial advise.
 
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constant escape

winter withered, warm
still living in the desert compound, @constant escape?
Mainly in suburbia as of late. Getting hotter, back into rattlesnake season. No shower there yet, which is fine, but does make it feel more like camping. Bigger transition than we anticipated.

edit: plus thin cell reception, which isn't really a problem beyond logging into accounts with 2FA, potential emergencies, etc.
 
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constant escape

winter withered, warm
Bloodbath.
Bear on moonboy bleeding, savings burning.
Coasting on the red, that burning ford. Threatening to sink up
ankle unto groin. Searing navel,
naughty to have waded this far.
Plates caving underfoot, bubble cracking crust of bubble under.
Forefeeling stingwhips lash asunder, feelings falling into place.
Court the plunge, lest it loom abrood
and compile its deliverance.
Only then, will your redpruned paws catch the shore
and resume the ascent.
 

catalog

Well-known member
Wow some nice lines there 'arb.

"ankle unto groin. Searing navel"

puts me in mind of Samuel R. Delay, in Dhalgren, where he spends a few pages talking about the contortions of his foot.

And I like the alliteration in

"feelings falling into place"
 

constant escape

winter withered, warm
Regulation gonna regulate
I'd say its in cryptos best interest, despite the cypherpunk sentiment.

These beliefs are getting a proper stress test now, shaking off everyone in for a quick buck, I suppose. Although I;m not an active trader, so maybe they're hurting much more than the hodlers among us.
 

pattycakes_

Well-known member
I'd say its in cryptos best interest, despite the cypherpunk sentiment.

These beliefs are getting a proper stress test now, shaking off everyone in for a quick buck, I suppose. Although I;m not an active trader, so maybe they're hurting much more than the hodlers among us.

Totally. It's the free-for-all, wild west, gold rush factor that's made it no better than the centralized banking system it was originally supposed to oppose. But - human nature. I'm sure there will be ways around regulation eventually. Just like the dark web markets, there are always ways. And nothing against anyone getting theirs. If I had the mettle for it I probably would have done too. But I'm just not cut out for that stuff lol. The good thing is that it's still in its early stages and maybe with the right kind of regulation (🧐) it could evolve into something resembling the original ideas. Who knows.

Been fun watching the fireworks, though
 

wild greens

Well-known member
I would think if you are running a low level shop on the markets right now you will have taken some big hits inbetween dispatch & escrow release..
 

constant escape

winter withered, warm
I would think if you are running a low level shop on the markets right now you will have taken some big hits inbetween dispatch & escrow release..
Is that a problem that fuller integration of smart contracts would solve? Or is the whole point that traders are strategically utilizing delays via escrow, and thus voluntarily take on this kind of intra-trade volatility? Still haven't wrapped my mind around longs and shorts, options, most derivatives in general.
 

wild greens

Well-known member
If you make a purchase on a (drug) market then the crypto value is held at the time of transaction and unless the recipient makes the decision to finalise early- i.e. You trust your online dealer implicitly and pay straight away- the fee is held in escrow by the market till the recipient confirms delivery.

So- if you bought *something* on Saturday it cost you 0.0303xmr, you can receive it on Tuesday and you still release 0.0303xmr. What happens in terms of value of the coin can really fuck the shop or work in their favour

It's also why exit scams can be so profitable to the dodgy market admin or whatever- they've got thousands of transactions sitting in middleman wallets all the time

Lot of rappers on twitter moaning about bitcoin right now
 
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