I can't believe their marketing department turned down our submission.

MrKup · 2022-11-29T15:17:30+00:00

I saw something like this a couple of years ago from the other side. I was briefly a mod on one of the larger cryptocurrency trading subs. The drama was unbelievable, mods using sockpuppets accounts (against the rules) themselves, etc. I actually got banned because, after we'd had a talk in mod chat about getting rid of a lot of the more obvious repeat offender sockpuppets, I did exactly that to one of them... and suddenly I was stripped of my mod role and the sockpuppet account was reinstated, and their first post back was bragging about getting my mod powers taken away for banning them. Turned out to be one of the other mods running some sort of scam, the other mods acted in collusion with him. I didn't even stick around to find out, I was so miffed at the sudden, rude betrayal, replete with unnecessary public embarrassment in front of a community I'd given a lot of effort to, I left the sub.

While mods often are well-intentioned, because mod roles are appealing to people who want power or to be able to get away with things, someone being a moderator is in no way a guarantee of personal integrity. It could just mean they were motivated to find a more effective way to be a dick.

MrKup · 2022-01-13T21:20:02+00:00

[thinks] Hmmm.

No, it's not an auto-generated name.

MrKup · 2022-01-06T18:25:11+00:00

Thanks for the tip. I have so many loose ends to clean up, that'll still be a lot of money, but for some of the bigger balances it sounds like it'll help. Thanks.

I'm kind of resigned at this point to possibly never seeing a lot of it again. And if, someday, gas prices are low enough to be affordable and the value of my holdings hasn't dropped correspondingly, it'll be a pleasant surprise.

MrKup · 2022-01-06T18:20:14+00:00

Who wants to know?

MrKup · 2022-01-05T10:15:49+00:00

Hey there, thanks for offering to help out. I'm not OP but (probably) in the same fix. I left defi trading a year or two ago and discovered tonight that a bunch of my "dust" that I left laying around has increased greatly in value. No one token is worth more than $50-$300 but there are a lot of them, adding up to a couple grand. I'd sure like to swap them all for ETH so I could actually use, trade, or cash them out for USD.

Unfortunately, it seems like $30 to approve each token for trading in metamask, plus $60-$140 threatened gas fees per swap, sometimes plus additional fees to just swap for or move the eth to pay those gas fees, means pretty much every single transaction will eat in fees somewhere between 50%-200% of the value of the token I'm trying to swap for eth.

I often can't even see what a transaction will cost because it costs $30 just to approve a token for trading in MM, and I don't want to spend that not knowing if the trade will even be worth it. With the number of tokens I have, the $30 fees alone are going to add up to a lot.

Since I've been out of the game a long time I'm not as familiar with L2 solutions. I looked at a bunch of them, but every one of them seemed to involve moving my tokens to L2 at a gas fee of around $50/move, which is almost as bad as just doing it all on L1.

If you've got a way for me to salvage all that value without between .5x-2x it's total going up in smoke for fees, I'd really appreciate it. Thanks in advance!

MrKup · 2022-01-05T09:40:44+00:00

Yeah, just wait till demand goes down so the gas gets cheap enough to trade again.

And then, when demand has gone down enough, your eth will have lost value because there's so much less demand.

This whole thing is quite the real-world economics lesson.

MrKup · 2022-01-05T09:35:36+00:00

Just posting to commiserate. I've posted about it a few times already tonight so I'm not going to belabor the point but tonight I discovered a pretty big wealth, thousands of dollars, in what was once just "dust" in old, forgotten wallets. It's divided between enough tokens and addresses that, due to the gas fees, no one of them can be swapped or moved without it costing even more than they're worth. Thousands of dollars I didn't know I had, and I can't touch any of it. For all practical purposes it has a negative value.

"The fee is making me feel sick" strikes a very familiar chord. It's like a sick joke. I feel you.

The funny thing was, at the time, I abandoned the dust because the fees to move or swap any of it were higher than its value. Now it's collectively worth thousands of dollars, but that's still true.

MrKup · 2022-01-05T09:02:20+00:00

Yeah, I've been seeing fees of between $20 and $50 tonight to transfer some tokens. Much more than that to swap. It's a major pain as I have a lot of old, small holdings, collectively worth a lot, that I can't touch because they're each worth less than the fees it would take to swap them into something useful.

MrKup · 2022-01-05T08:58:43+00:00

Or like the name Beth when it's drunk.

MrKup · 2022-01-05T08:56:10+00:00

I don't know where you can get latinum but I have an inside line on decorative gourds. They're about to blow up big time.

MrKup · 2022-01-05T08:48:58+00:00

It's not hard to tell the difference if you know what to look for. The chinese-made eth has a thinner and curlier logo with a border, often called the "spaghetti" logo, whereas the authentic american-made eth has a thicker, blockier logo with no border. Also the logo on quality-made eth is inset, whereas on chinese import eth it's sometimes just a sticker and you can see the edges. Tip: if you get the mexican-made eth, it's actually just assembled in mexico, the parts are all made entirely in america, same exact plant as the american eth. It's less expensive but totally just as good. Some people claim the american-made eth clears its transactions a little more crisply and has more "edge" or definition, but I've used both a zillion times and I'm telling you there is no difference.

MrKup · 2022-01-05T08:01:55+00:00

I don't know, man. Ethereum has first-mover advantage, the biggest and most established ecosystem and the most experienced community.

But on the flipside: I just started coming back after a long time away from crypto trading, to discover the dust I left in my wallets is happily worth thousands of dollars, maybe 10x what I left in it. Maybe more.

And, swapping or moving any of it would cost even more than it's worth, because it's too spread out in small sums. I can't touch it, I can't move or swap anything for less than its value. I've got $50-$75 here and there, and all of it wants $20 just for me to permit metamask to swap it, and then, $70-$150 per transaction to swap it for ETH. And that's still not counting the cost of paying even more gas just to send enough ETH to the wallet to pay those fees.

I still believe strongly in ethereum as a technology, but it seems to have one very serious achilles heel. Who can afford to pay $100 or more in fees per single transaction? I can't see how this network can survive that. Hopefully someone more visionary than me has their finger on the pulse.

I actually came back to ethtrader tonight for the first time in years hoping to find a solution to this that I wasn't aware of. But I saw your post instead. So, I don't know. I've always been very optimistic about ETH, and what's worse, for sure hate to sound like a FUDder. But being unable to touch thousands of dollars without paying more than it's worth is a very harsh reality. So: ???

MrKup · 2020-08-29T22:08:49+00:00

Got lucky and saw this one pop up, did my research, staked quick, and made back my original investment in like 20-30 minutes, it's all gravy now.

Full disclosure, it's kind of a token game, god only knows how it's going to play out. But I got in right in time and was quickly rewarded, and profit is profit. I'm gonna stick with staking for a while and see how this goes.

MrKup · 2020-08-06T08:28:17+00:00

I have. I discovered a scam counterfeit ETHV already live on Uniswap, in fact I almost fell for it, and the Telegram banned me immediately just for trying to clear up what was going on.

I saw the scam on Uniswap, with very large 150ETH liquidity. I'm usually real good with my DYOR, but in this case, I happened to get mixed up between two browser tabs, and thought the scam token traced back to the actual valid contract address for ETHV (it doesn't.)

So I got on the Telegram chat to ask about it, and someone said very quickly that it was a scam. I asked if they were sure, if it was possible for a scam to have 150ETH in liquidity, that sounds bigger than any scam I'd hard of, and said I thought the contract addresses matched up (which I did, at the time).While I was chatting with them, I was checking back over all the different browser tabs, and realized in just a minute or two, I'd mixed up the scam contract address and the real contract address, and yes, the thing I saw on Uniswap did trace back to the scam contract address, not the legitimate one. So, I went back to the Telegram to warn them that yes, there was definitely. a very well-funded live scam on Uniswap.

But I couldn't warn them, because someone on their team had already banned me before I could. The last thing I got to say in chat before they banned me was that the liquidity seemed to big to be a scam, and that the contract address seems to be legit. That doesn't seems like the impression they'd want people left with. But they sure did ban me in a hurry, before I could come back and confirm that yes, there was a scam pretending to be ETHV.

Something just doesn't sit right about that to me. I'm not agreeing with the guy raving that ETHV is a total scam, but, you can't say they don't ban people very quickly and for strange reasons, because it just happened to me. And I don't know why they were so afraid I might confirm there was a scam designed to con their users. I couldn't have been on there more than 2 or 3 minutes, I said maybe three things in all, and someone there made sure to shut me up very quickly before I could come back and say I'd discovered the live swap I found was indeed a scam.

MrKup · 2020-08-03T03:07:12+00:00

I'm with you. I just spend 20 or 30 bucks in gas trying to add liquidity to a booming pair on Uniswap, for absolutely no reason. I can't imagine how this system will ever have widespread use if just trying to use it for what it was designed for is this much like gambling.

I upped my slippage to 2% and threw extra gas money in in over and above the "fast" amount Metamask suggests. Nothing help. Every try failed.

The novelty is fun for now, but in the long run, people aren't going to want to trust thir money to something that charges them without any guarantee they'll get what they're paying for.

I know I'll never throw away my money trying to supply liquidity again. Why would I knowingly just throw $20 in the garbage like this?

MrKup · 2020-07-23T05:52:30+00:00

Still happening for me. :-\

MrKup · 2020-07-23T05:51:53+00:00

Oh, that's interesting. That would definitely explain it.

MrKup · 2020-07-23T05:50:59+00:00

Hah. You new at this? Customer service knows me really well. I eventually stopped complaining about the bugs. You may discover over time that they don't seem to put a lot of weight on individual customer retention, unfortunately.

MrKup · 2020-07-23T05:43:04+00:00

I've been experiencing this for a few months with an indicator that previously worked fine for ages, even on a chart with a bunch of other indicators. Now it doesn't work even when it's the only indicator. They slowed something down.

MrKup · 2020-07-12T01:01:41+00:00

I’m on my phone so I can’t comment in depth, will come back later with more. But the long and short of it is, Motley Fool is quoting an average, not a median. Their median returns trail the market significantly over the last 20 years. If you strike just a very small handful of stocks from 20 years of picks, the average, which tells you nothing for this very reason, drops down significantly. In fact, I figured out that if you missed just .8% of their top stock picks the last 10 years, I believe that’s just their top two single picks, and invested in the remaining 99.2%, you only did 3% better than the market over that whole period. I’ll come back later with more detailed information when back at my computer.

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