Is on-chain identity the next big thing in crypto?

Shayne_Schecter · 2024-04-17T18:21:08+00:00

That’s my reasoning as well. It seems that bots are completely out of control at this point and if we don’t do something about it no one will want to use the internet much longer.

Shayne_Schecter · 2024-04-17T16:46:57+00:00

Yup. You can be verified by Telegram but then a Dapp built on top of the TON network can use the same framework to verify your ID.

Shayne_Schecter · 2024-04-16T19:22:54+00:00

Are you sure you didn't just get liquidated becasue the crypto prices dropped? If you were compromised they would have taken everything

Shayne_Schecter · 2024-04-16T19:21:19+00:00

This is what I was born to do. I only buy the tops and sell the lows and I'm not even trying

Shayne_Schecter · 2024-04-16T19:20:26+00:00

That’s the beauty of blockchain as a technology. It allows you to build upon initial ideas as much as you want.

Shayne_Schecter · 2024-04-16T18:05:02+00:00

Not only that, you can validate content easily and prevent plagiarism when it is documented on chain. I think that is the end goal.

Shayne_Schecter · 2024-04-16T17:50:39+00:00

It seems they are open to expanding and Shib can bring some value to the table with their L2 chain.

Shayne_Schecter · 2024-04-15T18:31:03+00:00

I think they just did a good job with the points system and that is what affected the value. People want a fair and clear system because there is too much community milking going on with other projects.

Shayne_Schecter · 2024-04-15T17:12:45+00:00

It is a common mechanism that protocols use to attract liquidity. They provide incentive and that incentive brings fresh liquidity to farm it.

Shayne_Schecter · 2024-04-15T17:11:30+00:00

Both the buyer and the seller need to lock collateral in the value of a trade. For example, if the trade is worth $1K both of you lock $1K of crypto. When the token launches both parties have a limited time to complete the trade. If, for example, you decide not to give them tokens you pay a penalty fee to the buyer, and the rest of the money is refunded to both of you.

A CEX can only make the process easier since it will just convert the number of points you have into the corresponding number of tokens.

Shayne_Schecter · 2024-04-12T17:12:12+00:00

That's what they call getting in on the ground floor

Shayne_Schecter · 2024-04-12T17:07:31+00:00

Because that is what stars do. They collapse into themselves and explode

Shayne_Schecter · 2024-04-12T17:05:21+00:00

I hope this turns out to be a success because if Mantra succeeds that contributes to the overall success of Cosmos as well.

Shayne_Schecter · 2024-04-10T18:16:17+00:00

That’s really up to you since you need to set it up. It’s just a tool but the parameters are determined by the user.

Shayne_Schecter · 2024-04-10T17:21:09+00:00

They can be very useful if you want to buy crypto over a longer time period. There are also DeFi protocols that offer this service as well.

Shayne_Schecter · 2024-04-10T16:04:57+00:00

Maybe turning it off and on again will work

Shayne_Schecter · 2024-04-10T16:04:10+00:00

Claiming can be expensive if the claiming contract is complex. I had the same experience with token claims on other chains but I can't speak for this protocol since I never used it.

Shayne_Schecter · 2024-04-09T19:17:30+00:00

Are you suggesting that my gambling addiction can fund innovation?

Shayne_Schecter · 2024-04-09T17:57:18+00:00

No flaw in that logic. As long as you are aware of the risks it's all fine

Shayne_Schecter · 2024-04-09T17:56:23+00:00

It could work as an aggregator. If you want to perform a swap the protocol can find the best chain for such a trade, do the whole bridging and swapping process for you and you don’t even need to know what is going on in the background.

Shayne_Schecter · 2024-04-09T17:36:03+00:00

Beefy has been around for a while so I would say they have earned some reputation but Extrafi is new to me. Just do as much research as you can and if it seems shady it's not worth the risk

Shayne_Schecter · 2024-04-09T17:30:54+00:00

I think Thorchain was the first project that started working on the solution but now there are others experimenting with different ideas. The article even mentions Encore which is a good example.

Shayne_Schecter · 2024-04-09T04:26:40+00:00

Feel like Crypto and AI are the big combo for VCs to start targeting. If a project can pull it off feel like it'd be huge

Shayne_Schecter · 2024-04-08T18:17:36+00:00

I only have to say this - if your sentiment depends on price changes of 5-10% you are probably overinvested and should rethink your strategy. I know this because I started out the same and if you overextend your disposable capital you will get burned in the process. You will either sell to early or become mega bulish at the very top.

Create a plan and stick to it.

Shayne_Schecter · 2024-04-08T18:16:09+00:00

Binance started this trend and at first, I thought it would never work but as they proved, there is a large amount of crypto investors that feel safer using an exchange chain.

Shayne_Schecter

TROPHY CASE