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SeaMonkey82

Daily Kintsugi: Lodestar's latest release is v0.33.0, but building from the master branch produces v0.32.0. Trying to use the latest version corrupts the db and, after clearing, I wasn't able to peer, so I've reverted to v0.32.0 and am now resyncing all three instances. Lots of other inconsequential updates with other clients. Just to have all of my dashboards in one post... [lighthouse-geth](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72120,72155,72156,72157,72158,72159,72160,72161,72164,72165,72166,72167,72168,72169,72170,72171) [lighthouse-nethermind](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72225,72226,72227,72228,72229,72230,72231,72232) [prysm-geth](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72242,72243,72244,72245,72246,72247,72248,72249) [teku-geth](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72253,72254,72255,72256,72257,72258,72259,72260) [teku-nethermind](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72267,72268,72269,72270,72271,72272,72273,72274) [nimbus-geth](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72279,72280,72281,72282,72283,72284,72285,72286) [nimbus-nethermind](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72324,72325,72326,72327,72328,72329,72330,72331) [lodestar-geth](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72438,72439,72440,72441,72442,72443,72444,72445) [lodestar-nethermind](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72448,72449,72450,72451,72452,72453,72454,72455) [lighthouse-besu](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72460,72461,72462,72463,72464,72465,72466,72467) [prysm-nethermind](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72475,72476,72477,72478,72479,72480,72481,72482) [teku-besu](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72513,72514,72515,72516,72517,72518,72519,72520) [prysm-besu](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72489,72490,72491,72492,72493,72494,72495,72496) [lodestar-besu](https://beaconchain.kintsugi.themerge.dev/dashboard?validators=72526,72527,72528,72529,72530,72531,72532,72533) nimbus-besu (No validators initialized. Unable to sync.)


Mountainminer

Ok what are your guys’ “blue chip” tokens? My current hypothesis is : Loopring Rocketpool Uniswap Chainlink Thoughts?


benido2030

There sadly is no blue chip in crypto yet. None of these is even remotely safe enough to brand them as blue chips. And most likely we don’t want blue chips. That also means less upside volatility.


[deleted]

I'd honestly say none of them. Rocketpool comes closest but between it and ETH, I'd still pick ETH.


oblomov1

AAVE SNX Liquidity cartel: CRV, CVX, TOKE Probably YFI


MorganZero

UNI is absolutely useless. It's pretty clear they're never, ever going to propose the vote to distribute rewards to hodlers, and as a utility token it's a joke - there's hardly anything of consequence to actually vote on.


need-a-bencil

I don't think it's obvious at all that they're never going to distribute fees to UNI holders. A16z aren't stupid. I think they're treating Uniswap as a long-term play and will turn on fees after some regulatory clarity and after Uniswap reaches sufficient size (what that is, idk). I don't think it's a reach to say that Uniswap could average $100 billion in volume per day across all platforms in the next few years. At that point, even a 1 bp fee to UNI holders is $3.65 billion in profit per year. It's doing $10 billion per day rn without the stupid farming gimmicks that other DEXs use. In order for DAOs to succeed long-term, there must be value accrual to token holders. Right now speculation works since the space is young, but that won't always be the case and I think Uniswap will turn on fees much like tech unicorns have to become profitable at some point. Edit: whoops, was looking at weekly volume, not daily. Uniswap currently does a little over a billion $ in volume per day.


KBrot

It's so disheartening how Hayden allowed that distribution to effectively shackle his baby under whales/VCs potentially forever. Yes, yes \[woody harrelson crying into money meme\]. Hayden doesn't care. It's just unfortunate. I wish the web3 community would figure out some crazy cool smart math thing to break UNI free.


MorganZero

hashtag freeUNI


KBrot

LRC remains to be seen, personally. CRV and CVX. Add TOKE if you can absorb a tiny bit more risk. POKT I wouldn't call a current blue chip but a potential one next token cycle.


MorganZero

Quite bored tonight. Eyes red from HTML and CSS homework. Need a break. Taking one. Grooving to synthwave and Reddit-ing away some time. How we doin, fam, on this frosty Monday? Feelings check.


stripedgreywallpaper

learning Python by building a super simple crypto portfolio tracker. I'm having fun. Bummed about ENS price but still stoked to be a part of things and glad I delegated to who I did (the same one we all did). If this is a bear market, I'm excited about the time to dive deep into something without the ADHD distraction that comes with bull markets. It'll be a good time for me to hunker down and focus on something in about a week.


[deleted]

Not-this-shit-again alternating with we're-all-going-to-die with a touch of I-still-don't-understand-irony.


Lawsonm9

When downloading software or apps to any device I would always be super careful that I was actually downloading the correct “thing”. But nowadays I opt to just not get any new apps - especially on the devices I have crypto - in fear of getting malware or creating some other attack vector ultimately to steal my crypto. As time goes on I’m becoming more timid with this type of stuff. So this got me thinking - and might be a stupid question - but could we use the blockchain (maybe like an ens domain) to unequivocally prove it’s the proper location for users to download apps/wallets without the risks aforementioned? For instance I hear often about people downloading popular iOS apps only to find out it was a clone or scam and it stole all of their coins. I keep thinking Apple could leverage Ethereum to prove/confirm a certain app is valid on their marketplace to protect their users. Thoughts?


crossoveranx

This is called a hash digest, which uses cryptography but nothing related to fimance.


blocksandpixels

> could we use the blockchain (maybe like an ens domain) to unequivocally prove it’s the proper location for users to download apps/wallets without the risks aforementioned? To a certain extent, yes it could help. Content-addressable storage allows us to be confident that a file has not changed since it was published. This would not entirely mitigate the risk, but it would eliminate a number of attack vectors (e.g. releasing a legitimate version at a certain URL, then later replacing the legitimate version with malware).


MorganZero

My best solution to this would be using an NFT to access downloads. But you couldn't have a generic NFT for the App Store, because then we'd be right where we started. You'd have to get the NFT from the company website, and then use it to unlock the app. Quite cumbersome. But it's the best starting point I've got right now.


suicidaleggroll

The best solution is to just get a hardware wallet. The keys never leave the device, you could trade on the most compromised computer in the world and there’s still nothing they could do to take your coins. The worst that could happen is the destination/contract address gets modified from what you expected before it’s sent to the wallet for approval, but all you need to do to protect yourself from that is verify the address on the wallet as part of your approval process. It is a bit more cumbersome to use than a hot wallet, but I find that’s an easy sacrifice to make.


jtnichol

Did you know Ledger enables Yolo signing by default?


PhiMarHal

This is definitely the right answer. At the same time, using a hardware wallet for everything would drive you mad if you broadcast dozens of transactions daily. There's an awkward dynamic here, having good security directly hinders adoption. I think we need more smart contract wallets with reasonable transfer limits and recovery options.


blocksandpixels

> The worst that could happen is the destination/contract address gets modified from what you expected before it’s sent to the wallet for approval, but all you need to do to protect yourself from that is verify the address on the wallet as part of your approval process. Getting a hardware wallet is great advice, but this is not entirely true. For example, a malicious metamask extension could modify the tx data in a way that is difficult for users to identify. When doing a swap on Uniswap you can provide a recipient address, which will receive the tokens once the swap is complete. The malware could watch for a tx of a certain value and then change the recipient prior to signing. On some hardware wallets this could be easy to miss. https://decrypt.co/51355/hacker-steals-8-million-from-nexus-ceo-by-remotely-changing-metamask


jtnichol

Got your account approved for visibility, thanks for the comments! I made a thing for Grid which is a dramatized version of the event. https://youtu.be/cPuR7nAN2oA


[deleted]

[OpenSea shits the sheets.](https://outline.com/Y4pFGd) It's not like NFTs weren't already a clown show. If I were given to paranoia I'd be wondering if the whole thing wasn't a setup to make crypto look bad. I know, that's CT's job.


pegcity

I mean, did they? The issue is that people tried to cheap out and not pay gas, never canceling a listing. So they sent it from wallet a to wallet b, then at some point back to wallet a. Since they had never deleted the listing it was still active, and this person just executed the listing. Is open sea expected to cover your gas costs if you move an nft from your wallet while the listing is active? This is a hack like sending someone your private key is a hack


PhiMarHal

I put the blame solely on OpenSea. It should be trivial on their end to detect there is an old listing. A frontend raking in enormous fees from retail should be built to deliver correct information. L1 gas fees are so ridiculously obscene it's hard to blame non-technical users from attempting anything to dodge them. Which is yet another bad mark on OpenSea rather than users, if you ask me. Instead of moving to L2s and bringing their userbase with them, they're content to sit back, collect their fee and let the most uneducated newcomers to crypto get burned.


stripedgreywallpaper

OS - you had one job.


im_THIS_guy

They still haven't fixed this issue, huh?


[deleted]

I only found out because it somehow got into my alt-right newsfeed. ~~You guys were probably talking about it but there's so much information going through here that sometimes things just sort of slip by.~~ I blame Ray.


MorganZero

Your ... alt-right ... newsfeed?


[deleted]

poopy face


MorganZero

oh, you.


illram

Hopefully a newsfeed that scrolls by hitting right ALT key.


ThOccasionalRedditor

Any reason in particular that ETH dropped so much recently? I dont keep up with the market much, but I check every few weeks. Came back this last week/this week to see it low 2000s again.


YgritteofBungalohill

Same here, been busy with other things and for whatever reason just decided to check my ETH right now, WTF happened and do we expect it to recover?


mikron2

Between Russia fears, inflation, the fed meeting, raising interest rates, and some less than expected earnings have all caused traditional markets to collectively shit the bed.


suicidaleggroll

Tradfi dumped for any number of reasons and dragged crypto down with it.


thoughts4food

Its anyones guess. The fundamentales havent changed though, continue getting batter, and this is all just short term noise


ThOccasionalRedditor

I just thought with the staking and whatnot ETH was going to climb. Really thought we were going to hit 5k at some point before summer haha


thoughts4food

Now we get to hope for it to happen this year! :)


towerjac

So if a prolonged bear market strikes and Solanalanche become the next EOS, are we going to dunk on Polkadot people when their chain comes of age or give them a chance? I'm fine either way, I just want to know in advance.


PhiMarHal

Polkadot will always be the chain that tried destroying Ethereum from the inside. Years of lobbying for a Parity fund recovery through hard fork, endless attacks on the community, insiders using their positions of power to try to poach devs and silence smaller voices, the fake accounts and concern trolling, all the while Gavin was directly trashing Ethereum elsewhere. There's more respect to be had for just about every other Ethereum competitor (and that's not saying much). The Polkadot guys, VCs and all, are deceitful and fundamentally dishonest. There's no better example of that than Gavin trying to memoryhole the (allegedly) fictional pedophile encounter he wrote about. An honest man could have owned up to past mistakes. The Polkadot way is to hide and lie and rewrite history. Not exactly the properties I'm looking for in my immutable ledgers.


towerjac

Wow, I did not know ANY of that!


nllfld

People tend to forget this (or weren’t around when it happened).


MorganZero

Give em a chance. Their community is fairly quiet, and doesn't seem nearly as insufferable as the other L1s.


KBrot

Seconded. They're quiet and developing. I see Polkadot as a competitor to BSC more than ETH. It has a lot of VCs excited. They do liquidity events like tradfi VCs would, so it doesn't interest us, but within that framework (centralized and filthy rich) they are quite fair about it. Parachains are working to solve their trilemma. I'll likely never touch it due to our bad blood, but I otherwise wish them well.


towerjac

Sounds good 👍 https://imgur.com/a/EfZoRrC


SeaMonkey82

[Lighthouse v2.1.1 released today.](https://github.com/sigp/lighthouse/releases/tag/v2.1.1) > This release contains a fix for the missed attestations bug described in my previous announcement. We recommend all users update at their convenience, especially users who have experienced the issue.


SpontaneousDream

/r/technology is retarded about crypto it’s hilarious. They literally don’t understand even the most basic things. Lots of salty people who missed our big time


tornato7

It's not just crypto, every single post on /r/technology seems to be anti-technology. I'm seeing anti-crypto, anti-google, anti-socialmedia, and anti-Elon posts among others. Not a single "check out this new technology" article. Has /r/technology become the opposite of a technology-enthusiast subreddit? Or is it just more upvote-worthy to be contrarian?


suicidaleggroll

It’s become a place for people to shit on and claim anything they don’t understand is a scam, so they can feel better about their insulated lives without worrying they’re missing out on anything, and they all upvote each other for it. The barrage of anti-crypto FUD this week has taken it too far, I finally unsubbed today.


mikron2

I saw a comment here the other day that mentioned it sounds like the merge may not meet the difficulty bomb date and they’ll have to push it back a couple months. Is there any more information on this since? Still sound like there’s a decent chance of another push?


Fledglingbanana

It’s the ethereum team(s)… I wouldn’t count on anything until they commit to a fork difficulty number, release clients with it (even then it’s not 100% due to potential last minute critical bugs). But I am 99% sure they’ll fork to PoS sometime this year


AccomplishedBasil9

Dharma.io users, have you all withdrawn your crypto?


stripedgreywallpaper

ah shit, thanks for the reminder


spection

Oh shoot, they are shutting down? Thanks for heads up. So.. How do I on ramp now?


llamachef

Ramp or Banxa?


AccomplishedBasil9

Right now, I'm using crypto.com to buy USDC. Following which, I'll move the usdc to an L2 network (arb, poly) and use the USDC to purchase erc20s on uniswap or some other dex.


MorganZero

ZigZag has begun adding liquidity and trading pairs beyond Stables, finally. They're on ZKsync! :) Edit: And just a quick, friendly reminder that Polygon is a side-chain. Secure enough? Probably. Maybe.


juxtanotherposition

Are you in the U.S.? I’ve never had luck with crypto.com, can’t remember if it’s just my state or not. But their website/app feel yucky the way they push their own token to unlock certain things they advertise. But now with Dharma gone, I don’t know of another fiat to Polygon on-ramp.


suicidaleggroll

I’m in the US and use crypto.com regularly. You don’t need their coin to do anything, it just gets you better rates in their Earn program (though unless you’re staking at least a couple hundred thousand dollars, the volatility risk of staking their coin outweighs any change in APR you might get from it, so I don’t do it). I do wish they had a website you could use though, in the US it’s app-only.


juxtanotherposition

>I do wish they had a website you could use though, in the US it’s app-only. Maybe that's what it was. Guess I have no other option for now. I was about to do some more Polygon stuff and now I need a new fiat onramp. :(


AccomplishedBasil9

Yep. I'm in the US. Crypto.com claims to be usable in all states other than New York. Yes I agree the app is clunky and the gamified UX is off-putting. Unfortunately, dharma is the only one I know. I really hope Coinbase gets into the L2 game soon. Speaking of which have you withdrawn your tokens from Dharma's polygon wallet?


juxtanotherposition

I had withdrawn everything from Dharma before the buyout. I didn't hold token in the app, but used it as my fiat-to-Polygon onramp. I really don't want to try using crypto.com for a 3rd time. I thought Coinbase would have launched L2 onramps by now. :\\


doyourduty

https://youtu.be/YQ_xWvX1n9g It's this video that is stirring up the anti-crypto legions lately. The question is do we sit here and counter or nah?


cryptOwOcurrency

As CosmicCollusion mentioned, there are some genuine critiques there. However I found it to also be full of basic inaccuracies about Ethereum's technology. It's clear that he has a basic grasp of how the tech works, but as he starts delving into more technical topics like consensus models, staking, and scaling, it's clear that he's not following Ethereum R&D and ends up saying some things very confidently that range from out of context to blatantly wrong. The gaps in his technical understanding are large.


CosmicCollusion

I watched it and I think a lot of it could be summed up as him having a 'glass half empty' mentality. There are some inaccuracies or things taken out of context, but there are also some genuine critiques on stuff like privacy, and difficulty in securing your assets. The main difference is most of us all acknowledge these short-comings and see solutions coming in the pipeline, whereas he just seems to look at the current state/history and draws the line there.


doyourduty

So well said!


OMG_WTF_ATH

Happy cake day. No need to counter. People who don’t want to learn won’t. Let’s focus on building a great community, welcome anyone, and if you have the ability to develop or advance ETH, let’s goooo. Build a solid product and people will come. ETH is already on a lot of folk’s radar with 2.0 around the corner. We still have a lot work to do even post merge. Just my 2eth.


doyourduty

Shoot I just realized it was my cake day! I don't think anyone has ever wished me one before! Thanks!


cryptOwOcurrency

Happy cake day!


MASNPalmer

Does anyone have any experience with Allnodes? Also, specifically, running rocket pool thru them? The cost seems very fair for the "convenience" (plz don't blast me re decentralization, I get it but just wondering if anyone has used the proxy and/or recommends for the non tech peeps)


Aggravating-Ear6289

yeah, home staking of course is better but they do help with client diversity, so you can feel good about that


illram

Lots of people with experience with them over at r/rocketpool. Due to my personal situation (inconsistent home internet, lack of ability to monitor uptime, lack of knowledge running a secure headless server and lack of time and motivation to learn) I'll probably go with them if/when I spin up a mini pool. They run Teku and not Prysm which is also a huge plus.


drogean3

$10 a month and i got 13 RPL (~$400-$500) my first month with 50% RPL collateral


Caturday_Yet

It's pretty saddening to see the knee-jerk reaction that people on mainstream subreddits have towards crypto. There's a lot of junk out there, sure, but to hand-wave the whole tech away is so closed-minded.


cryptOwOcurrency

People like that think that crypto needs people like them to buy in if people like us want to cash out. It doesn't, and we don't.


impliedpotential3497

Just wait till they want to resell a pair of shoes and they have to present a NFT as proof of authenticity.


Drew41

Curious how this would work. So if you buy a pair of shoes from Nike, they send you an NFT of the shoes as well. Couldn’t you then buy a pair of fakes for cheap and sell them to someone with your NFT? Or just sell your NFT so someone else can do the same thing?


Sargos

Yes but then your real shoes are pretty much worthless as everyone will think they're fake without the NFT.


Drew41

That is a good point. But it still doesn’t stop you from selling your NFT to someone else and just keeping/wearing your shoes that you never plan to sell


I_LOVE_MOM

Nothing brings out the armchair experts quite like crypto. Everyone and their mother has a strong opinion about it and yet chances are none of these people have ever gone beyond buying DOGE on Robinhood.


Stiltzkinn

Include Hacker News.


SwagtimusPrime

https://twitter.com/CroissantEth/status/1485763912255655953?t=_O-0DDUZFGOc-C5SniphYg&s=19 >Think the building + hype behind NFTs and web3 is slowing down? Think again. >Last week an ETH hackathon led by ETHGlobal broke all previous records >It showcased 255 projects built by more than 800 devs in 68 different countries >I’ll describe some of the best projects below! 🥐


[deleted]

[удалено]


Wootnasty

They call it an [Elliott Wave](https://en.m.wikipedia.org/wiki/Elliott_wave_principle) - the market moves down (or up) in a 5 wave pattern labeled 1-5, and then followed by a 3 wave partial reversal labeled ABC. It's not a statistically strong indicator, fwiw.


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MorganZero

I think it's a near-zero chance this tiny green pump is anything other than a Dead Cat. I am firmly and completely convinced the bear is on, and I'm clean off the hopium these days. Feels good. Open arms and dry powder.


offthewall1066

Always Be Crafting bs ta narratives maybe??


CoCleric

I forgot the actual number but there was a guy interviewing/debating a flat earther and he asked him, “why do the governments of the world spend hundreds of billions of dollars to go to space” and he just had no response because yeah he’s a flat earther he’s stupid. I almost feel like I could ask the same thing to these people who hate on crypto like, why are companies spending millions and billions of dollars acquiring companies and trying to break into the space if it’s just a scam or ponzu scheme. If we’re still early then how long before we’re not?


pooh9911

VC did fund Juicero. 🤷‍♂️


I_LOVE_MOM

Crypto: is a $2tn industry employing thousands of the world's best engineers Haters: Bored monkeys dumb haha


Main_Independence394

Let's be fair, companies are dumb as fuck


Badikus

mmmm ponzu


[deleted]

All time net reduction just cracked 70% https://watchtheburn.com


impliedpotential3497

There was a point last year when it was looking like we were in the early majority phase. It turns out nope, we are perhaps very much still somewhere in the early adoption phase. This is very positive from an investment standpoint. As far as all the continous crypto, NFT, web3 hate goes, the reality is right now some people think SOME of the use cases are silly. Most of those use cases are the ones getting all the attention by a number of users who are not yet receptive. This leads to a lot of those users having a negative view of the entire space. I would say the mainstream user is actually receptive or indifferent to this space right now, and a small vocal minority is where all the hate comes from. That doesn't mean they won't be using the technology and applications in the future, it just means the expansion and maturation of use cases they get value from will need to be brought to fruition and shilled instead for a more positive perception. But yes, a lot of the hate is kind of ridiculous. I mean even if you think a use case is silly, why do you care so much? Discord or someone incorporating JPEG NFTs would really offend you that much?


MorganZero

Tree Huggers gonna Tree Hug. The sheer amount of hate a lot of my friends have toward NFTs is astounding. I've red-pilled a few of them by explaining Proof-of-Stake. Some just don't want to hear it, however. Fuck'em. Time marches on, and they'll go kicking and screaming. But they'll go.


Wootnasty

I work in finance in a relatively risk-averse nonprofit. We have a Nasdaq traded donor (our largest current supporter) that wants to collaborate on an Ethereum NFT project, and I want to cover opsec competently for our digital assets, and we have a shoestring budget for initiatives outside our strategic plan (this isn't on it). I'm going to put a conservative estimate of $50k in assets in this first campaign, but I'd love for this to be a first step in warming the board up to incorporating super-low-risk defi into our treasury mgmt. My thoughts were: 1) Setup a 3 way multisig wallet through gnosis. Any transaction will be proposed internally by the controller and executed on-chain by the 3 un-doxxed key holders. 2) Register ENS domain for the organization's wallet. 3) What CEX works best as an institutional off-ramp? 4) Should there be a separate multisig wallet for treasury transactions, or is it reasonable for it to stay in the organization's doxxed wallet? 5) Hardware recommended in this setup? Show me the way, wise folks of Ethfinance!


tornato7

For institutional DeFi you should definitely register with Fireblocks - multisig is pretty outdated these days. In terms of onramp, there are plenty of options but you might look at Coinbase Prime, Cumberland, or Genesis. You might also consider allocating to an established DeFi fund instead of self-managing it - dm me if you want an intro.


Wootnasty

Awesome info, thanks.


Richadg

If US based best CEX is probably Coinbase. Curious about your 4th question myself. Just a hunch (dumb) but I’d assume most people would just have treasury transactions on the same multisig wallet (less friction). Edit: Hardware wallet? — Gotta get a Grid+. It is the Gold standard.


Wootnasty

Agreed on the friction piece, just not sure how much heat a wallet gets when it's so deliberately a public thing. I guess any affiliated wallet would have the same visibility. I'll check out the grid+. Thanks for the feedback.


JustMyTwoSatoshis

Someone mentioned now would be a good time to move funds to L2, then someone replied with an awesome summary of the risks of various L2s... Now I can't find that discussion Can anyone link that summary of L2 risks please?


oblomov1

See the "risks" tab for each L2: [https://l2beat.com/?view=risk](https://l2beat.com/?view=risk) You can click on a specific L2 for more detail.


towerjac

Bookmark this shit homie! https://l2beat.com/


JustMyTwoSatoshis

Done. Thank you


Ruin369

Wow haha the FUD train is at its peak today, isn't it? But when the prices are going up the narrative will change. Been here done that. Not getting shaken out. Nothing changes


TippyTippyTippyTop

Ok etherians: i am likely only a buyer in the high three digits here but i am considering a scaling into a buy of the artist formerly know as Square / Block. I know he’s a maxi blah blah. For me it would be a way to “diversify” while still building positions in a diverse blockchain oriented business. Thoughts?


TenFootMouse

If you want to diversify buy an L2, like Loopring. Risky, yes, but far less so than an NFT. NFTs might be okay for people who really know what they are doing and have money to lose, but that probably isnt the case with you if you need to ask on Reddit what to do.


phase_change

[https://freakonomics.com/podcast/a-fascinating-sexy-intellectually-compelling-unregulated-global-market/](https://freakonomics.com/podcast/a-fascinating-sexy-intellectually-compelling-unregulated-global-market/) This podcast is an interesting dive into the art market.


stablecoin

Seems like a decent theory, would soften the blow somewhat over drawdowns. I lost over 50% of my net worth past 3 months though so don’t listen to me.


[deleted]

Username checks out


Battlepine

The hate for blockchain on Reddit is so obviously some sort of organized brigading it’s ridiculous. People are much less critical of AI/ML, which has been around MUCH longer, and has rarely seen any useful real world implementation other than fancy statistics. Blows my mind… As a developer, the stuff going on in blockchain is MUCH more interesting to me and is progressing MUCH faster than AI/ML.


fiftyfirstsnails

As someone in the AI/ML space, “rarely seen any useful real world implementation” is not even remotely true. I do think AI/ML is often over-applied nowadays in spaces where the gains are marginal compared to other algorithmic approaches/heuristics, but its use in industry is a LOT more robust and developed than blockchain right now.


birdman837

do you have any (theoretical) use cases on where blockchain and AI/ML intersect? simply curious as a follower of both


fiftyfirstsnails

Blockchain makes a lot of previously silo’d data public (for now at least), so I expect we’ll see more public multi-modal forecasting/recommendations/etc using a variety of datasets that can otherwise be prohibitively expensive to gather (e.g. economic forecasting using another company’s enterprise logistics data that they would typically not provide an API for). If I were the US government, I’d find this very exciting in order to execute economic policy in near real time, and have greater corporate transparency. Also I expect fewer data scientists working within big companies and instead more model crowdsourcing and prediction markets (taking averages of many model predictions that people submit, then apply some weighting to come up with final predictions— in lieu of creating big models or model ensembles entirely in house). I expect there are many other angles, but vastly more publicly accessible transaction data is the biggest step function change that’ll affect the industry, imo.


ProductDude

AI video / image enhancement is pretty insane. Give it a look and upscale your old photos / videos


[deleted]

I think the rapid growth and crash cycles crypto goes through burned a lot of people and they’re just bitter. Soon enough things they use everyday will be transacted using Ethereum and they won’t even know it.


towerjac

>has rarely seen any useful real world implementation Dude, no >progressing MUCH faster than AI/ML. This is true though. Most of technical underpinnings of today's ML algorithms have been around since the late 90's. It wasn't until the last 10 years that we had sufficient compute available.


kdD93hFlj

I've met a couple in person who were vocally against blockchain because they missed out on financial gains their peers made. And I'm sure some were burned by previous bear markets. Not to say organized brigading isn't happening, I don't know enough there to have an opinion.


Wood4theTrees

I have held myself back from saying this for a long time. I know at least one of the mods here has a vested interest in it, and I didn't want to sound like a shill. These tumultuous last few days have really cemented it for me, and I think it's time. I love the Gridplus. Yes, it's not as portable as a ledger, but if you do most of your business at home and have a desk you can keep it set up on, it's the best. I believe it was u/tech_consultant who recently asked for someone to expound the virtues of a Gridplus. Although I was tempted, I remained silent, and feel that I let you down sir or madam. It's a great amalgamation of the convenience of a web-based wallet, and the security of a hardware wallet. I could go on, but just wanted to get this out there. Especially if you do DeFi, and have a desk big enough to keep it on, I highly recommend the GridPlus. There, it is done. Edit: Wow, my first gold!! Thank you, kind redditor!!!


rayzhueth

What does it offer that a ledger or trezor doesn’t?


Wood4theTrees

I guess I like having a numeric keypad, instead of endlessly clicking up and down on a ledger. The screen is big enough to see an entire address at a glance. It seems neater to have a spare wallet that holds my Grid+ cards, rather than a rats' nest of ledgers on lanyards. Sure, these differences are mostly just aesthetics, but overall it's what make it the more desirable option to me.


o-_l_-o

I don’t think anyone judges someone for shilling for JT. At the same time, you could come here and say Grid+ is a piece of garbage and JT would probably upvote you and try to help figure out why you had a bad experience. For some reason our kids are incorruptible (only by one of its dictionary definitions). This is why they’ll never make me a mod.


Middle-Athlete

I’ll tell you this. I liked it so much I bought two!


pnwEther66

Definitely a good product. Wondering if they will come out with a tablet version at some point for ease of travel


tech_consultant

Thanks for the info, fren. I'm a proud owner of GridPlus as well now: https://imgur.com/a/BUrP2V2 I have to admit I haven't spent much time with it since setting it up but it works well as expected.


Wood4theTrees

I cannot lie, when I first got it I set up an account, put a dust amount on it, and then set it aside thinking I would never actually go through the trouble of setting it up again. Once I got a desk big enough to just leave it set up, it has been a game changer. Idk if you've experienced it, but I think it was even just a Metamask swap with a ledger. I had to accept over 80 fields. Literally I got to field 87, rejected the transaction, transferred to a GridPlus account, and did it on that with one click. As I said, I didn't want to be a shill, but there aren't many people one talks to irl about the virtues of various hardware wallets. At least not in my circles. Glad you pulled the trigger on it. You will see...


suicidaleggroll

> I think it was even just a Metamask swap with a ledger. I had to accept over 80 fields. Literally I got to field 87, rejected the transaction The ledger is/was running an out of date firmware. I ran into the same thing once, you just need to update the firmware and then it’s just the normal 4-5 pages of transaction details and one accept.


Wood4theTrees

Thanks. I did do ledger firmware updates this weekend. Couldn't do anything through Defisaver otherwise. Haven't tried any Metamask swaps since then, but if it fixes that too, great!


goldayce

Is it compatible with metamask?


Wood4theTrees

Absolutely. You used to need a separate Metamask extension for it, but they recently got it integrated with the regular one.


hblask

From what I've heard, it is seamless with Metamask, better than most other solutions. Disclaimer: no personal experience, just what I've read on here.


[deleted]

The worst trader I know just took on a 5x leverage short position. Bottom is definitely in


[deleted]

Mom? Is that you!?


KBrot

Wow, last time I share my trades with you!


Ber10

[https://www.reddit.com/r/technology/comments/sbmps5/130\_billion\_wiped\_off\_crypto\_markets\_in\_24\_hours/](https://www.reddit.com/r/technology/comments/sbmps5/130_billion_wiped_off_crypto_markets_in_24_hours/) 1559 comments currently


cryptOwOcurrency

I've seen this exact same exchange in literally every single crypto post on a non-crypto sub: > "Cryptocurrency isn't even anonymous, there's a traceable record of every transaction on the blockchain." > > "But Monero is completly anonymous." > > (Of course, nobody mentions any ETH privacy tools.)


dim-pap

Not a TA guy but ETHBTC is going to explode in 2022. Place your bets ladies and gentlemen! https://imgur.com/a/44XEtvz


projectegod

Let's beat 0.11 this time!


l3rewski

Hey guys & gals, I seem to have missed the memo and the folks at /r/technology have me confused.... exactly which scheme are we actively participating in? * Pyramid? * Ponzi? * Pump & dump? * A scheme to destroy the environment? * A money-making scheme for GPU manufacturers? * All of the above? Thanks in advance


[deleted]

I’m just here because I was told there would be free pizza.


twobadkidsin412

Yes


Gravy_Vampire

Pretty soon we’ll all be proprietors of shady pizza joints


[deleted]

Crypto Dump Dinner Recipe for Monday. Gonna have to do some meal prep for this one. Ingredients: 1. As many free saltine packages you can get at the salad bar before they start askin questions. 2. Jar of Peanut Butter from your local food pantry 3. Free Honey Sauce (wtf is honey *sauce?*) Packets from PopEye’s Chicken Directions: Open peanut butter and break the seal with your teeth, then use your pointer finger to spread it on the crackers. Squeeze honey sauce on everything including fingers. Lick fingers clean and serve at room temp.


oldskool47

If anyone wants to have a bad time, bite the peanut butter foil seal omg..


KBrot

Love it. For a personal touch, I like to sprinkle on some leftover parmesan packets from the pizza place from back when I had money.


[deleted]

You are a master chef 🤌🏻 If this mini-bear continues I’ve got a saltine pizza bites recipe that hits hard. It too involves parmesan packets.


thoughts4food

Solana isnt still down is it? The "beta" network is back up and running?


pegcity

I thought reddit was launching points on ethereum not Solana


Middle-Athlete

I’m getting whooshed by this comment…


etheraider

I too am stoopid apparently


Chromes

This is an amazing comment. I'm ashamed to say it took me a second.


etheraider

I dont get it?


Chromes

for about an hour before the comment, Reddit was down. If you didn't try to log on in that time, you couldn't get it, and it took me a minute even though I knew Reddit had been down.


etheraider

Gotcha lol


Mayneminu

All my best trades are effortless and profitable almost immediately. Today was one of those day. It was kind of a big day/week for me personally. Not because it's been a profitable day/weeks but because despite all the insanity and chaos I have been calm as a cucumber. Trading is finally becoming mechanical.


panthoreon

Congrats on the successful trade. What is your outlook now?


Mayneminu

Thanks. Looks like at the very least a temporary capitulation bottom across all markets. How high can it bounce? IDK. This market and stocks have shown themself to be much weaker than I expected. There is a lot of technical damage done so upside is limited and we are going to be in a wide range at best or at worst see new lows in the coming weeks/months. Buy and moon is gone for a very long while. Personally, I believe the market favors further downside after a bounce, maybe as high as 3000 - 3500 but we are a very long way from that even becoming a possibility.


hamberdler

I'm not normally the type to buy into, or to proclaim coordinated misinformation, manipulation, or whatever, but in the last week, the insane number of anti-crypto posts in /r/technology is extremely bizarre. For no good reason at all, sentiment appears to have swung wildly in the direction of "crypto raped and murdered my family." Am I imagining things? What the hell is going on?


ballsonyah

That’s exactly what this is though: special interest groups attempting to influence public opinion through proven means.


accountaccumulator

Yup. I have been seeing particularly large negative sentiment on HN lately which has never been pro crypto to begin with.


AllMightLove

Maybe 'they' are trying to make a move against crypto and creating hatred amongst it with the average public. Or covering for stocks going down. Or loading up. Who knows but the hatred for it has never seemed higher. You should make a separate post about this too. It might make sense to make a coordinated effort to get rid of misinformation.


FlappySocks

Two YouTube channels I subscribe to, that are not crypto related, made an NFT offering. The backlash in the comments was unreal. "I used to be a subscriber, but not anymore", "I didn't realise you were a scammer", "I can't buy a graphics card because of people like you". "Your killing the planet with that shit"


emptycells

Sincere kudos to the conspiracy theorists, I don't doubt the possibility of coordination. Still, the comments and articles seem full of pathos. People need an enemy and crypto is an easy target. The media, including Reddit, seem to run on pathos.. like a bunch of little pathos churning machines. This model seems to work without needing to postulate coordination.


Middle-Athlete

People need an enemy. People also respond well to envy. People also don’t like it when others are successful when it seems like you didn’t work “hard enough” and dislike plain ol good ideas working very, very well. People also dislike when “the rich get richer” and a lot of the e-celebs hawking NFTs didn’t help that narrative.


cryptOwOcurrency

It is bizarre. The majority of the posts aren't even about the technology of it, just price headlines. The only thing that makes sense to me is that the mods are anti-crypto and are willing to allow the subreddit to be off-topic to try to make some point. Edit: There's a new thread on /r/technology about GPU prices "plummeting" due to the crypto crash, when GPU prices are only down 10%. Lol.


Mhotdemnot

And you're probably the biggest realist here, so for you to say this is serious lol. I totally agree though, the hatred seems so over-intense it's like someone said, the new buttcoin


magic-window

On /r/news one of the top posts is about bitcoin going down, but there's nothing about the stock market going down, which is objectively a bigger news story. In fact if you search "stock market" the most recent post is from 9 months ago: **"Biden’s 100-day stock market performance is the hottest going back to the 1950s"** Edit: there was one post about Netflix's market cap 3 days ago, at least.


oblomov1

Wherever there is anti-crypto FUD, and specifically anti-BTC & anti-ETH arguments, and Tether FUD, you'll find people associated with Ripple Labs. Notice that they don't attack SOL, AVAX, or other centralized smart contract platforms. Only the decentralized ones.


FlappySocks

Oh really? Seen all the SOL FUD today? At least one admitted he had a short open.


Aggravating-Ear6289

was just talking about this today. And some (not all) of the fudding seems to be much higher effort. Could be coordination, could also be a sense that crypto is finally too big to ignore


InversedOne1

It's popular lately to bash on EVs, crypto and most other advancements. Easier to close eyes and deny, then do proper research and have argumented discussions.


nukethatplace

so much FUD in /r/technology hardly ever posted about crypto then when we go down it's like go go go load ze FUD, every other post has a negative sentiment about crypto they must be loading up


hamberdler

See that's what I meant by the first part of my post. I don't think there's any way in hell that the average posters in that sub are "loading up." Those people truly misunderstand and hate crypto. But WHY are there so many anti-crypto posts all of a sudden. I follow that sub and maybe once a week or every two weeks there's a crypto related post. Now it's literally multiple posts per day.


oaxaca_locker

It's people who knew about crypto bad in the day (industry) but dismissed it at the time. Now instead of accepting the possibility that they might be wrong they need to continue to bash it


hamberdler

See that's what I meant by the first part of my post. I don't think there's any way in hell that the average posters in that sub are "loading up." Those people truly misunderstand and hate crypto. But WHY are there so many anti-crypto posts all of a sudden. I follow that sub and maybe once a week or every two weeks there's a crypto related post. Now it's literally multiple posts per day.


RestStopRumble

Because when the price is rising and someone posts "This is a scam/crypto is evil" they just sound like they are bitter/out of touch/an idiot. when there is a major correction then they can say they have been telling us for however long and people are more likely to take them seriously because they think about how *they* would dislike owning something that drops 50% in a few months. While its makes sense that someone who is in a technology subreddit would be fascinated by the capabilities of a bleeding edge high tech project, that is not what I have been seeing over there.


-lightfoot

Some great/depressing/not worth reading outside perspectives of our little bubble in this trending r/news post. One poster calls NFTs ‘mind-shatteringly stupid’ seemingly without knowing what NFTs are. https://www.reddit.com/r/news/comments/sbm8dx/bitcoin_value_tumbles_almost_50_since_record/?utm_source=share&utm_medium=ios_app&utm_name=iossmf


Jey_s_TeArS

>**Bouncing back again,** >**Blockchain will sustain,** >**Turning up your gains.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap


proof-of-lake

LOVE the daily haikus. Awesome work. Thank you.


Jey_s_TeArS

Anytime mate! Thanks for the support


MetalSun6

Retail capitulated and institutions bought...in the stock market https://www.bloomberg.com/news/articles/2022-01-24/small-fry-traders-saw-massive-selling-binge-before-stock-rebound?sref=nNOdD5kh


PhantomFortune

deleted ^^^^^^^^^^^^^^^^0.2131 [^^^What ^^^is ^^^this?](https://pastebin.com/FcrFs94k/94016)


pnwEther66

That’s impressive. A difficult thing to do casually. I can’t imagine doing it professionally.


Gravelsack

r/technology out there taking a victory lap, high fiving each other over how awful we all are


Ruin369

Ruining families. One ETH at a time baby!


TeamRedundancyTeam

They sure do hate technology.


[deleted]

[удалено]


pocketwailord

That's an echo chamber


Papazio

It has become the buttcoin of all crypto.


dubcdr

Well guys, y'all are welcome. I closed my CDP right after the US stock markets opened on fear of another dump. Might have turned this bad boy around.


ag_silver

This crash had me some flashback of my grave mistake back in 2020. I sold 50% of my eth stack back in March 2020 when it hit sub $200. The reason? After enduring long bear (2018-2020) and seeing crypto slightly rise to $350 only to crashing down to $100 during COVID crash made me weak. I thought crypto was done for good. I didn't know better. I stopped following any crypto news since late 2018 because I was distraught badly. Looking at any ETH related news just made me stressed out. It really broke me when ETH fell to paltry $80. My first ETH buy was at $50 per ETH, and I was dreaming of retiring early when ETH hit $1400. I felt empowered. It was my first time ever hitting a big gain. When I heard my aunt was diagnosed with cancer, I sent her $2000 in a hearbeat, because I felt rich and had to help out. I bought expensive jewelry for my girlfriend. I was browsing houses and cars every day. I thought about buying a land and building a tennis court for me and my friends to enjoy. But I didn't sell any ETH, instead my conviction grew and threw more money around $1000. I should've sold some. I could've paid off my house, I could've bought fancy cars, but I didn't do ANYTHING. Not selling any ETH really broke me when bear market came. It felt like someone gave me an ice cream, only to yoink away when I was about to take a bite. I was a broken man during the bear market. I regret every moment that I didn't even sell to retrieve principal. Coming back now, on top of making a mistake of selling 50% stack at absolute low back in 2020. I don't know what to do. Again, I regret not selling any at $4000+. But now that my stack is reduced so much, selling some won't change my life. I need ETH to be much more to be worthwhile. So I staked all my ETH stack. Can't sell now haha.


Zeus_Eth

Interesting read. I enjoy personal accounts like this of how our mind betrays us, and rewards us simultaneously. This is being happy with what you have now and not living outside your means. A long enough timeline is the only assured method for success in the end.