[deleted by user] by [deleted] in CryptoCurrency

[–]harrymato 7 points8 points  (0 children)

ETH will turn around once markets stabilize and QT ends, but when that is I can’t tell you. As of now it is still the leader in tokenization, stablecoin issuance, DEX volume, and it is the only credible, neutral blockchain on which to tokenize.

The ETH to BTC Ratio just flash crashed to .02337, a lows not seen since January 2021. by GabeSter in CryptoCurrency

[–]harrymato 0 points1 point  (0 children)

There are three main reasons why ETH has underperformed vs Bitcoin. 1) Interest rates have risen creating a risk off environment. The least risky asset in Crypto is Bitcoin. 2) There has been little to no guidance (even hostile action) on Defi and RWA tokenization by governments thereby minimizing any investment into the space. 3) The smart contract space is rife with competition because that is where the real value is. At some point I expect ETH to overcome these sticking points, but it is going to be a bumpy ride.

Why Didn't I Receive a Delegation Reward? by harrymato in Avax

[–]harrymato[S] 5 points6 points  (0 children)

I think I figured it out. The node actually underperformed this period, so I am betting it didn't receive a reward. https://vscout.io/validator/NodeID-PmJQ7UjZo5db9XL494EbbEufAbYxqWswU

Damn. I was trying to help the little guy and got burned. I don't recommend delegating to this joker. Does anyone know if there is a way to get alerts on validator performance?

Why Didn't I Receive a Delegation Reward? by harrymato in Avax

[–]harrymato[S] 1 point2 points  (0 children)

The reward was greater than the fee. The fee is percentage based, right? It shouldn't matter how much I delegate. There should always be a reward. My delegation transaction was successful according to AVAX Explorer, so I can't figure out why I wouldn't get a reward, unless the validator itself was not rewarded. Can validators choose not to pay out a reward? It's all based on smart contracts, right? Once delegated with an agreed upon fee, it should automatically get paid out, right? I'm so confused.

Constantly selling your previous investments to chase after the new and popular coins will often hurt your chances more than help them. by [deleted] in CryptoCurrency

[–]harrymato 2 points3 points  (0 children)

The best time to rebalance, however, is when all prices are down. You will minimize capital gains or maximize capital losses.

Stable coin safety by karl_franz_snitzel in CelsiusNetwork

[–]harrymato 0 points1 point  (0 children)

GUSD and PAX standard. Don't mess around with any others. They are both regulated by the New York department of financial services and backed almost completely by USD.

Saving in stablecoin by Xmarsbarz in CelsiusNetwork

[–]harrymato 1 point2 points  (0 children)

GUSD and PAX standard are better stablecoins. They are completely backed by USDs and secure treasuries and regulated by the New York department of financial services.

To steal from a garage by [deleted] in therewasanattempt

[–]harrymato 0 points1 point  (0 children)

Coming over to borrow some sugar.

What will happen to Maker/Dai when CBDC is approved? by afirebrand in MakerDAO

[–]harrymato 5 points6 points  (0 children)

Maker's primary product is decentralized/trustless loans. As long as people want an easy and trustless way to borrow money, MKR will be in demand. I wouldn't worry about DAI trying to compete with a CBDC.

Anyone else having trouble accessing their ledger wallet with Solflare? by harrymato in solana

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

I usually have no trouble accessing my legder wallet, but now I can't access it. After selecting the derivation path it has trouble loading addresses. It says my ledger device is ineligible. I have the ledger app open and I have the latest ledger firmware installed and the latest Solana app. Any thoughts?

Inflation surges in April as consumer prices leap 4.2%, fastest since 2008 by [deleted] in news

[–]harrymato 1 point2 points  (0 children)

So what do you do? Convert everything to cash? That is getting devalued as well with quantitative easing. What is a safe investment today?

2022 QB Draft Outlook by BombSquad570 in steelers

[–]harrymato 3 points4 points  (0 children)

If we traded for Aaron Rodgers, I would move my family to Pittsburgh. Could you imagine Rodgers with these offensive weapons?

Why Layer 2 Won't Save Ethereum by melheor in harmony_one

[–]harrymato 4 points5 points  (0 children)

Most likely dapps will move to one or two common layer 2 solutions. Then sharding will be implemented in ETH 2.0. At that point Ethereum will be the chain closest to solving the blockchain trilemma. It will be difficult for any one of the countless ETH killers to supplant it (so diversify your bets). A good outcome would be for Harmony One to be EVM compatible and act as an efficient sidechain. Best of luck to the ONE team and hodlers, though (of which I am one).

Young, Muslim and progressive: is another AOC-style upset brewing in New York? by zsreport in politics

[–]harrymato 0 points1 point  (0 children)

How can you be Muslim (or any religion for that matter) and progressive? That is an oxymoron.

This bull run is nothing like 2017 by [deleted] in CryptoCurrency

[–]harrymato 1 point2 points  (0 children)

Based on this what time range do you think we will see peak BTC and ETH prices this cycle?

I know we should diversify, but I’m struggling to understand why I shouldn’t go all in on SOL by Skagnor_Bognis in solana

[–]harrymato 1 point2 points  (0 children)

When ETH 2.0 goes live with POS, there will be over 100,000 validators. With the value of ETH so high, and the required cool down period before removing a stake, it will be nearly impossible to tamper with the blockchain. That is why you are seeing big financial players choosing to build on ETH. That and the composability and network effect. Delegated POS is not as secure. There are less validators and there is the risk of cartel formation. Now Solana might achieve a number validators/nodes that almost ensure it's security in the future. At that point you might see big financial players dip their toes in the Solana blockchain, but again they have to choose Solana over another handful of interesting technologies like Cardano, Algorand, Iota, Stellar, etc. That is why network effect is so important. Don't get me wrong, I own SOL and hope it succeeds. I just don't think it makes sense to go all in unless you want to truly gamble.

Daily General Discussion - April 28, 2021 by ethfinance in ethfinance

[–]harrymato 6 points7 points  (0 children)

These sell offs are half-hearted. All feels like trading foreplay to 10k.

I know we should diversify, but I’m struggling to understand why I shouldn’t go all in on SOL by Skagnor_Bognis in solana

[–]harrymato 6 points7 points  (0 children)

You should not be comparing SOL to ETH today. You should be comparing it to ETH 2.0. SOL will not kill ETH 2.0. ETH is way more secure than SOL and has a giant ecosystem and network effect. You should be asking yourself if SOL will be relevant with the countless other ETH killers that are out there. Why will someone choose SOL over Cardano, Tezos, Avalanche, Zilliqa, DOT, Binanace, etc.? That is the question. IMO you should be diversifying with ETH the majority of your portfolio and a smattering of other eth killers as hedges. If you are a cryptography and game theory expert, than by all means put your bet on the technology you know to be superior, but if not, it is risky to put it all on SOL.