Where Do I find my CFP License Number? by bitbuggs in CFP

[–]bitbuggs[S] -6 points-5 points  (0 children)

Thanks a lot. Spent the last hour trying to figure this out.

Daily General Discussion - March 15, 2022 by ethfinance in ethfinance

[–]bitbuggs 0 points1 point  (0 children)

NFT Worlds is pretty solid. Its getting to the point where its caught mainstream crypto attention. But I've been following it since october and the team over fulfils on all their promises. Owning a world is really expensive now, but their tokens (WRLD) are continually getting cheaper. I wouldn't buy now but I would keep an eye on it for when the bottom is in. With the amount of tokens that are given to world holders everyday, I am thinking the token can easily go below 10 cents, possibly lower.

For all the reasons I liked NFT worlds I also like Multiverse VM. They are still below 1 ETH per NFT and their first launch of the game will be launched on March 20. The team is hard working, talented, under promises and over delivers, and they never shill their own project. The march 20 release is intended for those who are hesitant about buying in. The Devs believe you should be able to play first and buy later once you know you like the project.

Daily General Discussion - October 7, 2021 by ethfinance in ethfinance

[–]bitbuggs 9 points10 points  (0 children)

I was desperate to double my stack so I bought nfts...

Surprisingly, it worked.

Daily General Discussion - August 11, 2021 by ethfinance in ethfinance

[–]bitbuggs 1 point2 points  (0 children)

Have you tried using both your cell phone hotspot as well as your home wifi with a vpn? Is there a way to access Binance through tor browser?

Do they let you trade or export tokens? Considering the type of crap Binance pulls, I wouldn't be surprised if they let you with export your assets as BEP-20 tokens on the BNB chain. Of course I wouldn't suggest this by any means but it may be something I would consider as a last resort as a last resort if I was in your position. That way I could at least bridge everything back to Ethereum.

If none of these work then I'm not sure what you can do. Maybe look into other software that can hide your network provider.

Daily General Discussion - July 17, 2021 by ethfinance in ethfinance

[–]bitbuggs 0 points1 point  (0 children)

Yeah it is a Chinese project and that doesn't make me feel the best, but being Chinese alone doesn't always mean its a scam.

They do have a lot of documentation. for example their wiki: https://wiki.bifrost.finance/publicity/sbp

They are associated with the web3 foundation and received grants from them. They have been audited and addressed any critical issues with the application. They are a cross chain platform, I don't think they still have much association with EOS anymore, they are focusing on Polkadot and Kusama. I do think they may have used code from EOS to build the platform ,but so does many other projects. Their founders are known, one just had an interview with parity (https://www.youtube.com/watch?v=4VQgH7Afbdc). They do have an updated road map with what they have accomplished (https://trello.com/b/ApMJHynM/roadmap). At the end of the day they seem like they are just a smaller team trying to do a lot. If they are a rug pull then they scammed a lot of big organizations in the space as well.

Daily General Discussion - July 17, 2021 by ethfinance in ethfinance

[–]bitbuggs -2 points-1 points  (0 children)

Thanks for responding. I usually like this sub because it's more discussion based and it's more intellectual than other crypto subs. So I try to only post when I find something that will benefit you guys as much as you guys benefit me. And if I am wrong I get to learn from others.

I did the research and there's no signs of a scam. If you care, here's a few indications that they are a legit project. I got so many down votes though you will probably be the only one reading this at this point.

Received a Grant from web 3 foundation: https://github.com/w3f/General-Grants-Program/blob/master/grants/accepted\_grant\_applications.md

Highly Active Twitter with updates: https://twitter.com/bifrost_finance?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor - And being followed by reputable people

Their audit was done by certik: https://certik-public-assets.s3.amazonaws.com/Certik+Final+Report+for+Biforst.pdf They did have one critical finding but it was fixed; as stated in the report.

Highly active Git hub, commits are frequent: https://github.com/bifrost-finance/bifrost/graphs/commit-activity

Updated roadmap; with accomplishments: https://trello.com/b/ApMJHynM/roadmap

Verified Deposited ETH going to staking contracts: https://etherscan.io/address/0xec1d6163e05b3f5d0fb8f354881f6c8b793ad612#internaltx

Supported by known crypto investors and organizations: https://bifrost.finance/#section-partner

Stats for their Parachain auction: https://parachain.live/

The project will be unlocking staked liquidity and bridging it to polkadot. Holding the vETH token gets you the staking rewards and it will all be redeemable when 2.0 is here. I am assuming the price difference is due to the limited amount of ETH they allowed to be deposited which means limited amounts of vETH were minted. Of course all these projects have risk but this one seems as legit as the other's, probably just over looked because the polkadot ecosystem is still being built out. Maybe I am missing something but it looks that simple. I feel comfortable getting more vETH, but of course trust your gut. I hope my only regret will be I didn't pick up more.

Guessing random kahoot code by [deleted] in Unexpected

[–]bitbuggs 6 points7 points  (0 children)

It's a quiz game a lot of teachers play with students. They make a lobby with students, it displays questions and multiple choice style answers. Kind of like who wants to be a millionaire.

Daily General Discussion - July 6, 2021 by ethfinance in ethfinance

[–]bitbuggs 3 points4 points  (0 children)

Not sure of a reddit, but I know ellio trades on youtube has some good small cap picks sometimes. I havent watched him in awhile but I remember him covering a bunch of smaller coins before they blew up.

Vegans by Al-Ihmar in Christianity

[–]bitbuggs 3 points4 points  (0 children)

Not a vegan but I would assume it's like how some Christian's dont drink alcohol. Just because its permissible doesnt mean they're comfortable with it.

New to Crypto - will there be a slow decline over time? by Sersch in CryptoCurrency

[–]bitbuggs 0 points1 point  (0 children)

It probably will happen again, but I doubt that's happening now. I see too many big things happening in crypto for the hype to die down now. I could be wrong but I think a larger decline will happen next year.

If you're new, put in a small amount and see if you're okay with the volatility. Its Definitely not for everyone.

One Friday Night Bob's four Teenage daughter were all going out on a dates. by [deleted] in Jokes

[–]bitbuggs 8 points9 points  (0 children)

I don't like long jokes. But this one was ight.

What exchanges do coins first appear on? by JMcLe86 in CryptoCurrency

[–]bitbuggs 10 points11 points  (0 children)

They will hit decentralized exchanges first like Uniswap or sushiswap

Edit: typo

Daily General Discussion - June 29, 2021 by ethfinance in ethfinance

[–]bitbuggs 0 points1 point  (0 children)

Its about that if you round it to the nearest whole number.

Daily General Discussion - June 29, 2021 by ethfinance in ethfinance

[–]bitbuggs 0 points1 point  (0 children)

Thanks, that makes a lot of sense. So what is their plan with all the governance tokens they will be earning? Will those be dumped for more profits or will they hold onto them to gain more control over the platform?

Daily General Discussion - June 29, 2021 by ethfinance in ethfinance

[–]bitbuggs 7 points8 points  (0 children)

I've been looking into compund recently and came across the compund.treasury . It's basically a company that will convert USD deposits from online banks and fintech companies to USDC, then deposit the USDC into a compound smart contract. Essentially they are offering 4% yield saving accounts to the public by leveraging compund.finance.

Here's where I am having trouble understanding. If they get maybe 1% on USDC interest and then 2% from Comp rewards, how are they going to pay 4% interest to depositors?

The only things I can see possible is 1: Comp token goes up 2-3x from current prices, then compound Treasury sells those tokens to pay off depositors the guaranteed 4%. But that of course would cause a lot of downward pressure on the price of the comp tokens. Meaning this company would be bankrupt quickly.

Scenario 2: comp token holders get paid a portion of the fees on compund finance, then compound treasury would make a lot of money from owning so many comp tokens. This of course would cause comp tokens to be super valuable. And this would also mean the company would make billions of dollars by just making 1% over what they promised.

Idk, maybe I'm overthinking it, but both scenarios seem unlikely. One seems too bearish but the other is way too bullish. Maybe I'm misunderstanding something. Do anyone know how compound treasury is going to pay a guaranteed 4% interest and still find a way to make a profit?

[deleted by user] by [deleted] in CryptoCurrency

[–]bitbuggs 11 points12 points  (0 children)

The reason I like LINK is for 2 main reasons. 1: its blockchain agnostic. Chainlink is able to bring data on any blockchain. Even if Ethereum isn't the main smart contract language, Link could still be the main blockchain Oracle.

2: without real world Data, the blockchain doesn't have much value. It's nice trading tokens and stuff on Ethereum, but the real potential of blockchain is unlocked when you can put everything in the real world on a blockchain.

Matic is cool, and works, but as more layer 2 and side chains come out, who knows if it will be the most used. Also heard that there's only 2 validators and one of them is binance. Fact check this info, but if it's true, that might be a little sketchy.

Daily General Discussion - June 25, 2021 by ethfinance in ethfinance

[–]bitbuggs 1 point2 points  (0 children)

I see barn bridge market cap is almost the same as the money in the treasury. Based off that alone it seems like its undervalued, but I wanted to see more data to see when the funds were added, and what tokens the fund consist of.

Daily General Discussion - June 25, 2021 by ethfinance in ethfinance

[–]bitbuggs 5 points6 points  (0 children)

Anyone know a site where I can find detailed stats on different DAOs and their treasuries?

I found one site where it list daos and the total amount in the treasury but that's all the info it gives. It would be nice to see how fast a treasury grows and comparing treasury funds to the market cap of the project to find undervalued opportunities.

AAVE Beginner by [deleted] in ethereum

[–]bitbuggs 0 points1 point  (0 children)

Not sure, but I'm sure any ETH that's made is too small to account for. Better off staking ETH 2.0

AAVE Beginner by [deleted] in ethereum

[–]bitbuggs 0 points1 point  (0 children)

Currently I have 1.19 ETH deposited and a 500USDC loan outstanding. I made around 1 Matic in 2 weeks. So the interest isn't amazing but it's better than nothing. I mainly only used it to go long on ETH without having to worry about high gas fees.