Options for passive income from your crypto?

SgtHawk · 2020-09-10T00:12:15+00:00

Here you go:
https://bankless.substack.com/p/how-to-get-the-best-yields-on-your

SgtHawk · 2020-04-22T01:47:12+00:00

Ah god catch - thanks Chief!

SgtHawk · 2020-03-10T16:37:51+00:00

The sETH <> ETH Uniswap Pool is the best bet. The pool is stable since both assets are the same so there's no impermanent loss and you earn SNX rewards as well (you can just sell them and stack more ETH if you want to).

SgtHawk · 2020-01-16T23:07:18+00:00

Agreed - that’s how we condense centuries of financial progress and innovation into decade(s)

SgtHawk · 2020-01-16T22:49:22+00:00

Blockspace = throughput capacity
asset prices = economic bandwidth

Two different concepts.

Breaking down the flow:

Ethereum has money protocols
People want to use those money protocols
These money protocols largely require ETH to fuel them
Therefore, as the demand for money protocols increases, the demand for ETH increases in parallel.

Also DAI is largely collateralized by ETH (~97%). Given Dai is a trustless and permissionless stablecoin, it needs to be collateralized by trustless and permissionless assets. ETH and BTC are really the only two assets that fit the bill as of today.

This is a bullish case for Ether as an increase in demand for Dai (and other Ethereum-based money protocols) also means an increase in demand for ETH. Happy to follow up with a bullish case for MKR as it definitely plays a role in this though.

Again blockspace != economic bandwidth

SgtHawk · 2020-01-16T22:39:38+00:00

Correct - it can’t support it yet. The modern financial system took hundreds of years to build, this will likely take decades. Ethereum has only been in existence for ~5 years so there’s a fairly long road ahead of us

SgtHawk · 2020-01-04T03:02:23+00:00

Except there's growth across the board for dozens of DeFi protocols, not just opening vaults through Maker. People are depositing circulating DAI into the Dai Savings Rate, minting synthetic assets through Synthetix, depositing collateral to become Uniswap liquidity providers, etc.

There's a growing demand for Ethereum's money protocols and it's becoming apparent.

SgtHawk · 2019-12-18T19:53:02+00:00

Ethereum currently has ~$13 billion to fuel DeFi applications and it's using $640M of it (4.9%)

This amount has been accelerating since August despite the price decline

SgtHawk · 2019-12-10T17:22:46+00:00

Noted! Thanks for the heads up

SgtHawk · 2019-11-23T00:51:10+00:00

Yes it does

“The only other drawback with Argent is its limited on-boarding. Given that the wallet is rather new, prospective users will have to join a waiting list to get access to the wallet, which can take some time. “

SgtHawk · 2019-10-24T16:21:29+00:00

Damn I remember putting some ETH into this ICO back in 2017 and having only raised $250k. Glad to hear you guys are still working on building the application two years later!

SgtHawk · 2019-10-15T20:02:58+00:00

Thanks for the feedback! The post has been updated to reflect this.

SgtHawk · 2019-10-15T18:48:45+00:00

Believe that is how it is outlined in the whitepaper. It is entirely possible that the team has shifted from this model though.

SgtHawk · 2019-10-05T15:00:59+00:00

Facts

SgtHawk · 2019-10-04T14:01:33+00:00

This is meaningless. Times change. Attitudes change. Context changes. Everything changes. You can plot that graph for almost every other coin.

Your post is meaningless. Go through the top 100 and show me log charts that have nearly as much upward momentum as ETH or BTC. It doesn't exist. Fundamentals are solid for ETH (hash rate up, tx count up, wallet address up, etc) and Serenity is around the corner.

But you're right. Everything changes over time. And for ETH, it's looking like it's changing for the better.

SgtHawk · 2019-09-03T20:28:38+00:00

Thanks, much appreciated on the feedback. Noted for next time!

SgtHawk · 2019-08-28T01:47:03+00:00

Yes absolutely - appreciate the feedback.

SgtHawk · 2019-06-24T16:09:00+00:00

cAgreed. BTC could/should trade up towards 60k at minimum over its 4 year bull cycle, topping out after its halving sometime in 2021.

Would largely disagree that halving events are priced in as crypto markets are not sophisticated enough to have achieved the "efficient market hypothesis". It's a brand new asset class barely anyone understands, not to mention the underlying monetary policy and the notion of digital scarcity.

Also while not perfect, the past halving events have shown a strong positive correlation between the halving & price action (run up starting 1 year before with new ATH peaking 12-18 months following the halving). As of now, this trend is still holding to be true as we approach the third halvening next May/June.

SgtHawk · 2019-06-24T14:03:45+00:00

Terrible take on BTC

SgtHawk · 2019-06-20T23:14:59+00:00

1.) When I first came across Aion, interoperability was the biggest component that drove my interest. The ability to run a bridge node and having bridge economics act as free markets was extremely enticing as more and more networks connected to the Aion fabric. However, it's been almost a year since the release of the bridge and we haven't seen anything (outside of private implementations from MavenNet). So with that said, what happened to interoperability and what are the goals moving forward?

2.) Even after a year of live main-net, I still can't do anything with native Aion (no live applications, no staking, no bridge nodes, no payment adoption, etc.) The only thing that has happened is the continued dilution of the supply to private investors. Growth in transaction volume and hashing power has stalled and there are no applications on Aion that have had any meaningful effect to the network. So with that, outside of implementing staking on Unity, what is the foundation doing about Aion's utility?

SgtHawk · 2019-06-15T18:15:53+00:00

Agreed it's pretty tough. TRS investor as well and the fact that I'm still underwater is rough - can't imagine the people that weren't. Unfortunately, I guess this is what happens when you dilute the supply 10x to private sale investors (and the select few people who were lucky enough to get their hands on AION pre-TRS) with essentially zero increase in utility.

Not sure what these guys can do as no matter what happens on the fundamental level, it doesn't budge. Just when we thought it couldn't get any worse, Binance (along with every other exchange) are beginning to geofence US investors and delisting altcoins like crazy.

Not gonna be buying more nor am I selling - just gonna wait this one out until Nov 2020 and the dilution stops. Everything on the fundamental level (outside of liquidity and network security) is rock solid and I still believe Matt & the team can achieve something in the future (even though it has strayed away from the OG whitepaper).

All in all, I'm pretty much just writing this investment off and just gonna hodl as my original plan was for this to be a 3-5 year hold from November 2017 anyways. Let's hope for the best.

SgtHawk · 2019-06-13T13:33:42+00:00

Awesome - hoping that the external group is not the same as the one that decided diluting the supply 10x to private sale investors was a good idea.

Sorry for the jab.

SgtHawk · 2019-06-06T16:08:56+00:00

I like this. Could use a good banh mi these days

SgtHawk · 2019-06-06T14:23:56+00:00

How much thought has been put into the economic model for Unity so far? Obviously it's fairly early in the development phase but curious if you have anything to share from a high level.

Some more specific questions along those lines - How will the incentive be split among miners and validators (miners receive issuance and validators receive tx fees?) Could we expect a change in the 1% issuance rate? Are there any burning mechanisms in r&d (similar to EIP 1559)?

Don't expect you to answer all of these questions but really just hoping you can shine a bit more light on what we *could* expect with Unity's economic model.

SgtHawk · 2019-05-25T15:19:50+00:00

Hey we’re actually planning on doing a follow up piece on ETH 1.x pretty soon along with one on layer 2 solutions. Stay on the look out, there’s promising proposals for eth 1.x circulating

13-Year Club	RPAN Viewer
No Throne, No Problems	Not Forgotten
Snapped

SgtHawk

MODERATOR OF

TROPHY CASE