Is anyone else starting to become a bit excited?

SteelyDanJalapeno

Arrival wrote: »

How/where are DeFi coins bought?

Depends on the coin really, bigger ones are probably on Binance, I picked up trustswap on uniswap using metamask

stockshares

Compound is on Coinbase and Crypto.com.

A good resource for info on Defi is www.defipulse.com

stockshares

Brave Browser has partnered with Gemini Exchange to integrate the exchange into the Browser.
https://www.cryptoglobe.com/latest/2020/07/crypto-powered-brave-browser-integrates-crypto-exchange-gemini/

Will this affect Bat's price?

Smurphy2223

stockshares wrote: »

I received an email from Zeus capital warning that Chainlink is a scam. I dont think I ever signed up to newsletters from them but they may be partners of another Newsletter I signed up to. Regardless, there might be something to what they say about Chainlink so I thought I'd post it here seeing as some posters have invested in Link.

The email reads:
Dear Valued Investor,

Zeus Capital, the asset management firm and activist investor, has published an extensive report on LINK, Chainlink’s proprietary token, making a clear case why investors should exit long positions in this cryptocurrency, as the inflated price is enormously out of sync with the company’s dressed-up appearance and shaky fundamentals.

The report unveils severe discrepancies between the token’s intrinsic value of USD 0.07 and its current market price of USD 8.50, revealing downside risk in excess of 99%.

After having performed an in-depth research of Chainlink, Zeus Capital has built a very strong conviction that the company, its product, and the LINK token are a near-complete fraud.

Here are the key takeaways of the short sale thesis:

There is abundant evidence of market manipulation with traits of classic “pump and dump” techniques, such as trading on inside information, front-running the general public, unsubstantiated claims of progress, artificial transactions to imitate adoption, bogus partnerships announcements, and any other trick in the book to drive up the price prior to dumping LINK onto innocent investors.

The two founders behind Chainlink, are constantly selling LINK from their vast reserves into the market, as well as at a substantial discount from the current price to selected institutions over-the-counter (OTC), thus incentivizing purchasers to lock in profits by quickly selling it further, creating an inevitable downward spiral.

LINK’s characteristics, such as the lack of a functional decentralized ecosystem, combined with recent decisions by the Securities and Exchange Commission (SEC), leave no doubt that LINK will be classified as a security token, thereby putting the whole enterprise and the investors at substantial risk of anything from dealing in unregistered securities to court orders for the disgorgement of proceeds.

LINK’s tokenomics model is broken with an inherent conflict of interest between holders, clients, and the founding team with regards to the pricing of LINK - we have no doubt that a clash and a crash are imminent.
The people behind the project are a handful, mostly remote, part-time consultants, focused on marketing and community building with very little professional and/or leadership experience. It begs the question of how an overdressed oracle-development project could justify a market cap in excess of $2.75 billion while purporting made-up progress with almost no IT software developers on its staff and fronting business operations out of a co-working space.

Chainlink’s service offering is prohibitively expensive and it makes no economic sense for companies to adopt its oracle solutions. MakerDAO, UniSwap, Compound, etc. are internally-developing alternatives, which will eventually render the promise of LINK obsolete.

The few software developers associated with the project are making frequent but cosmetic changes to the code in a never-ending product beta, while executives who previously took the bait are either fleeing the project or trying to avoid association with it.

Three independent valuation methods suggest that the token is massively overpriced, as its intrinsic value is estimated to be in the 0.05 to 0.20 USD range at best.

Access the Full Investigative Report on Why Chainlink is the Crypto’s Wirecard.

Warning.
In the email I received I did not click on the Link below which was in my email. In my email the Link title read Chainlink Fraud Exposed but the URL pasted below appears differently.
https://mandrillapp.com/track/click/30337332/chainlink.docsend.com?p=eyJzIjoiZUsyTFFDQVVGMUl3Y1kyLWZTa2RFVE96aTJzIiwidiI6MSwicCI6IntcInVcIjozMDMzNzMzMixcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL2NoYWlubGluay5kb2NzZW5kLmNvbVxcXC92aWV3XFxcL25mcnZueXV1enJmMmQ1dmFcIixcImlkXCI6XCIxODEzNGNmY2E5Y2Y0OGVmOGIwOThjMzU2ZTNlZTE1YlwiLFwidXJsX2lkc1wiOltcImU5MDg4Y2M0NTllZjJmM2FiZmIwZDJlMDJiY2Y3Y2MyYzg3ZDk2ODZcIl19In0

$link.png

Lex Luthor

stockshares wrote: »

Brave Browser has partnered with Gemini Exchange to integrate the exchange into the Browser.
https://www.cryptoglobe.com/latest/2020/07/crypto-powered-brave-browser-integrates-crypto-exchange-gemini/

Will this affect Bat's price?

I noticed since today the brave rewards look to have decreased by 10 fold

I generally got 0.5 BAT for an ad watch, now its 0.05BAT

Lex Luthor

VTHO now available to trade on Binance

Up 67% today, have a few of them from staking but I wont be retiring on it

rapul

Lex Luthor wrote: »

VTHO now available to trade on Binance

Up 67% today, have a few of them from staking but I wont be retiring on it

Noticed that alrite, missed the initial pump unfortunately, have a gandhi load of these, and I dunno I find Bat on Brave very good, I got 50 Bat throughout July, I only know cause I sent it to coinbase earlier today.

el diablo

Lex Luthor wrote: »

I noticed since today the brave rewards look to have decreased by 10 fold

I generally got 0.5 BAT for an ad watch, now its 0.05BAT

I haven't even received any ads or earnings this month and I also noticed they moved the decimal point to 0.005. :rolleyes:

I finally got my Uphold account verified and I noticed that a bunch of my BAT went missing in the transition from Brave wallet to Uphold. I'm beginning to lose trust in this project.

stockshares

el diablo wrote: »

I haven't even received any ads or earnings this month and I also noticed they moved the decimal point to 0.005. :rolleyes:

I finally got my Uphold account verified and I noticed that a bunch of my BAT went missing in the transition from Brave wallet to Uphold. I'm beginning to lose trust in this project.

Maybe it has been moved to the Gemini Wallet. Going by the article I posted previously Gemini replaces Uphold.

el diablo

stockshares wrote: »

Maybe it has been moved to the Gemini Wallet. Going by the article I posted previously Gemini replaces Uphold.

No they're still using Uphold and I haven't heard anything about them moving to Gemini. Their customer service seems to be completely useless so there's no point even questioning them about my missing BAT.

tuff1

el diablo wrote: »

Bitcoin is so massively manipulated and is increasingly under more and more institutional control (Grayscale, BAKKT etc) that it may be quite some time before it goes above (and sustains) $10k. Grayscale are apparently purchasing all the newly mined BTC so you've got to wonder why the price is remaining so static.

Institutional investors buy so much they typically buy OTC. They pay a premium on it but it doesn't affect the price on exchanges, when the OTC supply dries up and they're still in a buying mood, that's when the price starts rocketing up.

el diablo

tuff1 wrote: »

Institutional investors buy so much they typically buy OTC. They pay a premium on it but it doesn't affect the price on exchanges, when the OTC supply dries up and they're still in a buying mood, that's when the price starts rocketing up.

Been hearing that for almost two years but the OTC market shows no sign of drying up. :pac: All this institutional involvement will be disastrous for BTC in the long term. Look what they've done to precious metals over the last several decades. Endless price suppression and manipulation.

makeorbrake

tuff1 wrote: »

Institutional investors buy so much they typically buy OTC. They pay a premium on it but it doesn't affect the price on exchanges, when the OTC supply dries up and they're still in a buying mood, that's when the price starts rocketing up.

It can be assumed that any market can be manipulated in proportion to its overall size. As the market cap for bitcoin grows, that will become more and more difficult. It's not specific to bitcoin - it will happen where its possible. Naturally, any project beneath it will be just as susceptible if not more-so.

tuff1

el diablo wrote: »

Been hearing that for almost two years but the OTC market shows no sign of drying up. :pac: All this institutional involvement will be disastrous for BTC in the long term. Look what they've done to precious metals over the last several decades. Endless price suppression and manipulation.

Gold, for example, was 200 dollars an ounce 20 years ago, over 1800 today. If that's price suppression they're doing a terrible job of it! Don't disagree there's manipulation in many markets and plenty goes on that us plebs don't know about, but it's not the be all and end all of spot value.

makeorbrake

tuff1 wrote: »

Gold, for example, was 200 dollars an ounce 20 years ago, over 1800 today. If that's price suppression they're doing a terrible job of it! Don't disagree there's manipulation in many markets and plenty goes on that us plebs don't know about, but it's not the be all and end all of spot value.

I'd also hope that over the long term, people will be better disposed to self custodying crypto. Of course that's possible today but it's not user friendly. When it does become customer friendly - I'd imagine the advise will be to self custody.
People can self custody gold but then its not as readily available and it brings its own set of problems. I don't mind institutions coming in right now - I think its good for the market. However, I'd hope there's more of a move to self custody - and that this accounts for a very big part of digital assets...for the good of the space and all its participants.

tuff1

makeorbrake wrote: »

I'd also hope that over the long term, people will be better disposed to self custodying crypto. Of course that's possible today but it's not user friendly. When it does become customer friendly - I'd imagine the advise will be to self custody.
People can self custody gold but then its not as readily available and it brings its own set of problems. I don't mind institutions coming in right now - I think its good for the market. However, I'd hope there's more of a move to self custody - and that this accounts for a very big part of digital assets...for the good of the space and all its participants.

True! I think as crypto value goes up (if it goes up) people will take more care as their assets will become more valuable.

I personally know someone who mined 11 BTC back in 2010 on a laptop, only to forget about it until the price boomed years later. When he went back to check his BTC the HDD was corrupted. Why didn't he care at the time? Because it was essentially worthless.

An hour of learning and 50 buckos for a ledger is a small investment in time and money if you're holding any amount of crypto worth talking about.

I do also think however that more and more assets will be kept on exchanges. Over time exchanges have become industry friendly, with the big names (Coinbase, Gemini) offering industry leading insurance (similar to banks) and a range of security measures like cold wallets etc. It will just be easier for people to trust these centralised exchanges rather than themselves, as ironic as that sounds considering the founding principles of Bitcoin.

Also (final point!) curious to know your thoughts on how self custody could be made more user friendly? Storing seed words on paper or keeping a ledger safe is where the industry is at at the moment, where do you envisage it in the future?

makeorbrake

tuff1 wrote: »

Also (final point!) curious to know your thoughts on how self custody could be made more user friendly? Storing seed words on paper or keeping a ledger safe is where the industry is at at the moment, where do you envisage it in the future?

Multi-sig.

maninasia

tuff1 wrote: »

I do also think however that more and more assets will be kept on exchanges. Over time exchanges have become industry friendly, with the big names (Coinbase, Gemini) offering industry leading insurance (similar to banks) and a range of security measures like cold wallets etc. It will just be easier for people to trust these centralised exchanges rather than themselves, as ironic as that sounds considering the founding principles of Bitcoin.

?

I own a ledger and copied the seed etc although it still makes me nervous to hold a large amount of crypto on there. Are they very easy to update the firmware for instance ?

Also I use various online exchanges and wallets for trading convenience and to spread the risk. The idea of cold wallets and KYC helps the customer a lot in terms of security.

I think online wallets combined with KYC and depost insurance for the popular assets probably will be favoured by the majority. Not a million miles away from a bank account.

maninasia

el diablo wrote: »

Been hearing that for almost two years but the OTC market shows no sign of drying up. :pac: All this institutional involvement will be disastrous for BTC in the long term. Look what they've done to precious metals over the last several decades. Endless price suppression and manipulation.

Actually it's been predicted that the price will stabilise as futures were introduced the market. It seems that could indeed be the case.
Me I don't care because there are tonnes of other crypto assets exploding onto the scene, all I need is a stable BTC .

SteelyDanJalapeno

SteelyDanJalapeno wrote: »

Anyone hear of TrustSwap?

+370% now since this post, runaway

Lex Luthor

maninasia wrote: »

I own a ledger and copied the seed etc although it still makes me nervous to hold a large amount of crypto on there. Are they very easy to update the firmware for instance ?

Also I use various online exchanges and wallets for trading convenience and to spread the risk. The idea of cold wallets and KYC helps the customer a lot in terms of security.

I think online wallets combined with KYC and depost insurance for the popular assets probably will be favoured by the majority. Not a million miles away from a bank account.

you only ever update the software on the ledger live, I have yet to update the firmware on the ledger device itself but I stand corrected

just keep the seeds safe, you can lose your device and still recover the crypto, its not kept on the device, its on the blockchain

I only use online wallets for crypto I cant keep on the ledger

Lex Luthor

Elon Musk is trying to pump DOGE..........

SkySter

Lex Luthor wrote: »

you only ever update the software on the ledger live, I have yet to update the firmware on the ledger device itself but I stand corrected

just keep the seeds safe, you can lose your device and still recover the crypto, its not kept on the device, its on the blockchain

I only use online wallets for crypto I cant keep on the ledger

I own both the nano x and nano s. The firmware upgrade process is a lot better now and earlier issues were down to low memory on the nano s. I personally have never had a problem. The key thing is to backup your recovery keywords. In the highly unlikely event the device becomes bricked you can restore from these to a fresh device or a soft wallet that supports the same BIP39 standard as is used to generate keys on the ledger.

Lex Luthor

stockshares wrote: »

I received an email from Zeus capital warning that Chainlink is a scam. I dont think I ever signed up to newsletters from them but they may be partners of another Newsletter I signed up to. Regardless, there might be something to what they say about Chainlink so I thought I'd post it here seeing as some posters have invested in Link.

The email reads:
Dear Valued Investor,

Zeus Capital, the asset management firm and activist investor, has published an extensive report on LINK, Chainlink’s proprietary token, making a clear case why investors should exit long positions in this cryptocurrency, as the inflated price is enormously out of sync with the company’s dressed-up appearance and shaky fundamentals.

The report unveils severe discrepancies between the token’s intrinsic value of USD 0.07 and its current market price of USD 8.50, revealing downside risk in excess of 99%.

After having performed an in-depth research of Chainlink, Zeus Capital has built a very strong conviction that the company, its product, and the LINK token are a near-complete fraud.

Here are the key takeaways of the short sale thesis:

There is abundant evidence of market manipulation with traits of classic “pump and dump” techniques, such as trading on inside information, front-running the general public, unsubstantiated claims of progress, artificial transactions to imitate adoption, bogus partnerships announcements, and any other trick in the book to drive up the price prior to dumping LINK onto innocent investors.

The two founders behind Chainlink, are constantly selling LINK from their vast reserves into the market, as well as at a substantial discount from the current price to selected institutions over-the-counter (OTC), thus incentivizing purchasers to lock in profits by quickly selling it further, creating an inevitable downward spiral.

LINK’s characteristics, such as the lack of a functional decentralized ecosystem, combined with recent decisions by the Securities and Exchange Commission (SEC), leave no doubt that LINK will be classified as a security token, thereby putting the whole enterprise and the investors at substantial risk of anything from dealing in unregistered securities to court orders for the disgorgement of proceeds.

LINK’s tokenomics model is broken with an inherent conflict of interest between holders, clients, and the founding team with regards to the pricing of LINK - we have no doubt that a clash and a crash are imminent.
The people behind the project are a handful, mostly remote, part-time consultants, focused on marketing and community building with very little professional and/or leadership experience. It begs the question of how an overdressed oracle-development project could justify a market cap in excess of $2.75 billion while purporting made-up progress with almost no IT software developers on its staff and fronting business operations out of a co-working space.

Chainlink’s service offering is prohibitively expensive and it makes no economic sense for companies to adopt its oracle solutions. MakerDAO, UniSwap, Compound, etc. are internally-developing alternatives, which will eventually render the promise of LINK obsolete.

The few software developers associated with the project are making frequent but cosmetic changes to the code in a never-ending product beta, while executives who previously took the bait are either fleeing the project or trying to avoid association with it.

Three independent valuation methods suggest that the token is massively overpriced, as its intrinsic value is estimated to be in the 0.05 to 0.20 USD range at best.

Access the Full Investigative Report on Why Chainlink is the Crypto’s Wirecard.

Warning.
In the email I received I did not click on the Link below which was in my email. In my email the Link title read Chainlink Fraud Exposed but the URL pasted below appears differently.
https://mandrillapp.com/track/click/30337332/chainlink.docsend.com?p=eyJzIjoiZUsyTFFDQVVGMUl3Y1kyLWZTa2RFVE96aTJzIiwidiI6MSwicCI6IntcInVcIjozMDMzNzMzMixcInZcIjoxLFwidXJsXCI6XCJodHRwczpcXFwvXFxcL2NoYWlubGluay5kb2NzZW5kLmNvbVxcXC92aWV3XFxcL25mcnZueXV1enJmMmQ1dmFcIixcImlkXCI6XCIxODEzNGNmY2E5Y2Y0OGVmOGIwOThjMzU2ZTNlZTE1YlwiLFwidXJsX2lkc1wiOltcImU5MDg4Y2M0NTllZjJmM2FiZmIwZDJlMDJiY2Y3Y2MyYzg3ZDk2ODZcIl19In0

its sounds all like a jealous "girlfriend" competitor trying to spread FUD to stop the growth of LINK....good luck with that

Stormington

This Link FUD story is getting funnier.

https://twitter.com/ChainlinkFren/status/1284595906562555904/photo/1

SteelyDanJalapeno

Trustswap at 540%

maninasia

SteelyDanJalapeno wrote: »

Trustswap at 540%

LEND 938% in just three months.😁

SteelyDanJalapeno

maninasia wrote: »

LEND 938% in just three months.ðŸ˜

Crazy isn't it, this has been 4 days

Truckermal

SteelyDanJalapeno wrote: »

Crazy isn't it, this has been 4 days

I wish Elrond would do the same!

SteelyDanJalapeno

maninasia wrote: »

Pro tip for traders

Follow the crypto upcoming news. Most crypto investors don't even know what's coming up more than one week in advance.

https://coindar.org/en/search?type=0&text=&start=2020-06-17&end=2024-06-17&tags=&hot=0&rp=0&fav=0&coins=&cap_from=0&cap_to=600000000000&vol_from=0&vol_to=300000000000&ex=&sort=0&order=0

https://coinmarketcal.com/en/

Can see a few juicy ones coming soon.

Augur V2.0
Cardano Shelley hard fork and staking
IOTA has some big improvements coming June and July and they are on track as I follow them

I made good returns on kyber network because I simply checked their roadmap for up to two months ahead. Some of the teams will give good hints on Twitter as well.

Cheers for the heads up again, 1 month later and Cardano is +53%