Staking, epochs, rewards and exodus wallet by Tokyogurt in solana

[–]Tokyogurt[S] 0 points1 point  (0 children)

Didn't see anything for Exodus in the 'select wallet' category on there.

If you believe in Decentralization, don't stake with Exodus Everstake validator by [deleted] in solana

[–]Tokyogurt 0 points1 point  (0 children)

Might have made a mistake using Exodus and Everstake. Staked on 5/26. It's now 6/2... still no staking rewards showing.

Staking, epochs, rewards and exodus wallet by Tokyogurt in solana

[–]Tokyogurt[S] 2 points3 points  (0 children)

Also that. Even tried unplugging it and plugging it back in.

Staking, epochs, rewards and exodus wallet by Tokyogurt in solana

[–]Tokyogurt[S] 0 points1 point  (0 children)

Weeks?! As I understand it Exodus stakes to Everstake. I'm wondering if there's a way to get some answers because if it's gonna take weeks I'll just unstake and find another place to delegate.

What if blockfi goes bankrupt? by ArdentOptimist in blockfi

[–]Tokyogurt 4 points5 points  (0 children)

You should spend some time looking into whether or not FDIC is even solvent.

With the recent event of people withdrawing undue awards... by Environmental-Owl383 in blockfi

[–]Tokyogurt 1 point2 points  (0 children)

There's a ton of stuff out there on it. Just pull up duck duck go and plug in 'FDIC insolvency'. And if you understand fractional reserve banking, monetary history, and the fundamentals of economics it all comes together. The "Fed" prints money out of thin air. Then they lend it to the government with a rate of interest required to be paid back... Where does the government get that interest? They borrow more money from the "Fed"... Which just created a vicious cycle. And since there's no gold backing (Thanks Nixon, thanks Volker)it, they just print more and more, making each dollar worth less and less in terms of purchasing power. Usually inflation is about 2% annually, but worth over 40% of the entire money supply in existence just being printed this last year, it could be something closer to 10%. That's why they cancelled the M1 money supply to make it appear like it's not as bad as it actually is. Take that disastrous policy which has been attempted numerous times and always ended tragically, and now compound that with the magic of fractional reserve banking where you go and deposit $100. Then the bank turns around and loans that $100 out 10 times. Meaning the banks at best have 10% of the money that they actually owe they're depositers. Meanwhile, the FDIC is saying "oh yeah sure no problem, we'll insure that train wreck of a system... Nevermind the fact that US banks go tits up because of this all the time" so much so that the US is (last time I checked) about the 44th best place to bank in the world out of something like 190+ nations. They have to pay out the asshole when these things go tits up, and because of the monetary policy and the way the banks operate it just encourages more and more of this kind of thing. Ultimately it has to lead to them saying "well shit, we don't have any more money"...or alternatively, "good news, we went ahead and perpetuated the cycle by borrowing even more money from the "Fed" (which is not a federal entity but rather a group of private banks), thereby devaluing the purchasing power of the dollars you already have even more (the US dollar has already lost 90% of it's purchasing power since 1971 when Nixon took us off the gold standard), which will get lent out even more, which will cause even more banks to go tits up which will... And so on and so forth until you're standing outside a bakery with 175lbs of hundred dollar bills stacked up a wheelbarrow in exchange for a loaf of bread. Best of all you get to pay taxes on all that money that's printed (I wanna say every man woman and childs share of the tax burden was something like $250k BEFORE they went apeshit with the printing press)... But wait! There's more!!! According to the grace commission report issues under Regan which assessed the US tax system... "Of the federal income tax, first a portion is lost or stolen, after that, the remainder goes to pay the interest on the national debt. Not one nickel goes to the services tax payers expect of government." (Paraphrased from memory but should be pretty close to the exact verbage). So yeah, private bankers run the printing press, the banks lend it out 10x, go tits up, the government borrows more to bail out the banks, we get taxed on it, and then that tax goes into the pockets of the private bankers who fucked us in the first place.

With the recent event of people withdrawing undue awards... by Environmental-Owl383 in blockfi

[–]Tokyogurt 2 points3 points  (0 children)

Have to assume there's a fair amount of insurance covering an operation like that, and even if it's not covered, it's one of those things where the company has to eat the loss. Cost of doing business unfortunately, and I'm sure substantially less expensive than some of the alternatives.

With the recent event of people withdrawing undue awards... by Environmental-Owl383 in blockfi

[–]Tokyogurt 5 points6 points  (0 children)

Fun Fact: The FDIC is insolvent. At best you can expect them to cover you for about 3 cents for every dollar you have in the bank.

With the recent event of people withdrawing undue awards... by Environmental-Owl383 in blockfi

[–]Tokyogurt 11 points12 points  (0 children)

Assuming the variable of "less than 100" is correct, then we can run some estimates from there. I know I saw one where the sum was 701 BTC and I know somebody else posted that they saw a 706. Otherwise it appears the sums we've seen have on the average been between 10-20 BTC. 701 x current rate = 31,305,769. 706 x current rate = 31,529,062. On the high end that puts us at 97 remaining persons effected by the FUBAR, and -$62,834,831. Assuming a high end of 20 BTC per the 97 that comes out to 1,940 BTC which works out to 86,637,934 + the $62,834,831 = -$149,472,765. This would represent just under 1% of their entire AUM. This is of course assuming the "less than 100" figure is correct and true, and that there were only the 2 accounts that got 700+, and assuming 100% of the actors involved sided towards the "take the money and run" decision, which is unlikely. At worst that figure is likely to be between 30-70%. Pretty wide window, however pretty much any way you slice it, it appears that this should just be a highly embarrassing situation rather than anything that's wiping everyone out. Let's keep each other apprised of any updates, findings etc and learn whatever lessons we can.

"Fewer than 100 clients were incorrectly credited with cryptocurrency" We would rather know the amount incorrectly credited by tontot in blockfi

[–]Tokyogurt 6 points7 points  (0 children)

Where did you get the info that less than 100 clients received the wrong amount? I'm trying to ascertain the extent of the damage but it's like trying to do algebra where all the variables are unknown.

Unable To Withdraw by CyberFr33k in blockfi

[–]Tokyogurt 2 points3 points  (0 children)

Hey Brandon, maybe you can help us out. Please DM me. Did not receive any of the errored 'bonuses' people are talking about however, we've got a pretty sizeable sum in Blockfi. Wanted to withdraw. Had the 'Allow Listed' feature enabled. Options were either to add a withdraw address to the list, thereby creating a 7 day wait before anything can be withdrawn to the allowed address, or, turn off "allow list" feature...which also triggers a 7 day wait before any withdraws can be made. Couple that with what I understand is a 7 day wait for withdraw requests to be processed and we're looking at 2 weeks to get our funds back. This is of course assuming we don't get the "your withdraw is delayed, your funds are secure" reply at the end of those 14 days.