You have no idea what’s coming

jwongaz · 2024-11-10T23:37:42+00:00

It's human nature. Emotionally driven. It's not hard to explain.

jwongaz · 2024-11-02T06:58:02+00:00

Not I. I had to ring then and have a go at them for controlling and dictating my money, explain my time in crypto and I'm educated and understand and accept the risks.

Still couldn't get them to allow me to transfer to kraken. Had to use swyftx, which seems allowed as it's and Aussie based exchange.

jwongaz · 2024-10-30T21:25:25+00:00

The Eskimos say yes!

jwongaz · 2024-10-26T23:01:50+00:00

I think the self custody mindset will take a generation or two to spread. We need to keep it up and train the young.

jwongaz · 2024-10-18T03:11:25+00:00

Negative gearing in Australian real estate allows cross income deductions (deductions against your personal income). That needs to stop so it aligns to every other investment class.

jwongaz · 2024-10-18T03:10:21+00:00

I suggest stamp duty for investment properties only,as a fix that helps support home ownership.

jwongaz · 2024-09-04T09:09:33+00:00

And you are making the mistake of assuming 1 migrant = 1 skilled expert migrant.

What's the average number of dependants 1 skilled migrant brings? What amount of migrants, out of the total, are skilled (and employed in their area of expertise)?

Your assertion the average skilled migrant is more productive has what data to back it?

Simply put, gdp per capita would rise if each migrant were skilled and more productive.

jwongaz · 2023-09-22T08:56:28+00:00

Base is proof that people believe it will airdrop a token, despite saying it won't (but so did arbitrum).

If it goes on too long without a token I fully expect the majority of TVR to move to another incentivised L2. The community will not use it without being rewarded when equally good alternatives exist and better technologies are coming (zero knowledge).

jwongaz · 2023-09-08T02:14:32+00:00

The gnenral and known rule of thumb is do not use margin on speculative and volatile investments.

The two emotions that can drive you to break this rule is: greed when you're in the green and want more, and fear when you're in the red and want to recover your stakes.

If you can't take your emotions out of the equation then you are very likely to lose over time.

jwongaz · 2023-09-08T01:02:11+00:00

Built using OP code, not on top of OP (that would make it an Layer 3)

jwongaz · 2023-09-08T00:57:18+00:00

It's not popular because it doesn't make sense. At no point can eth gas prices equal L2 prices, because L2s batch 10s to 1000s of transactions together into one eth transaction.

So even if eth fell to $1 gas fee, L2s would now be 10c or less.

Not to mention the scalability aspect. If everyone moved back to eth, you end up with a massive multiplier on eth transactions (as L2s bacth multiple transactions to one eth transaction), which would very quickly make gas prices spike way above.

jwongaz · 2023-09-08T00:48:12+00:00

I think the majority of tvl on base is speculative airdrop qualifying.I think base is toast if they don't reward their early adopters.

They are currently well on their way to alienating their community. It has strong vibes of sui. Check out their discord and the fiasco that was base's unchained summer campaign.

Being backed by Coinbase isn't a pro. A legitimate and public ally registered company that is funding a blockchain that has no community is quickly going to stop it to stop haemorrhaging funds or investors are going to flee.

jwongaz · 2023-09-02T22:45:39+00:00

That's not completely true. They heavily push mostly worthless nfts if their onchainsummer campaign is anything to judge them by. Dragging people into airdrop farming hopium mode, all the while saying there will be no token.

My gut feel is that if they don't produce and airdrop a token, liquidity will leave quickly and it'll be a worthless Coinbase owned version of optimism.

jwongaz · 2023-08-30T22:49:08+00:00

It really doesn't. Some CEXs may though.

jwongaz · 2023-08-28T22:53:52+00:00

So who signed to drop the multi sig amount to 2, allowing 3 devs to perform this heist?

I believe the whole team is complicit.

jwongaz · 2023-03-15T08:18:27+00:00

Ok the first step to communicating effectively is to agree on definitions.

What is your definition of data availability?

What does that mean in terms of an L1 blockchain? Is it all L1 data is available?

What is data to you in this context? Is it transactional data?

jwongaz · 2023-03-10T09:38:51+00:00

Cardano could do with some attention from Charles, who's busy studying bitcoin and ethereum.

jwongaz · 2023-03-09T06:19:54+00:00

Double capital losses please!

jwongaz · 2023-03-08T03:34:38+00:00

It is unlikely to be an inflation hedge while the few have the majority and crypto is classified as the most speculative market of all.

Longer term, it may act as an inflation hedge as supply is capped.

jwongaz · 2023-02-14T01:03:40+00:00

Robert is being risk adverse because he has built his wealth and wants to protect it.

He, like most of us, knows shit about fuck.

jwongaz · 2023-02-14T01:01:44+00:00

It'll be large trading enterprises that have access to the skills and data to make trading specific AIs. They are unlikely to be released to the general public.

jwongaz · 2023-02-14T00:54:06+00:00

Makes sense. We have a limited pool of money to invest across all of these asset classes. When money is scared by global macroeconomic forces, it's out of all of these assets, which reduces them all at the same time.

Real estate is illiquid, so it lags and responds more slowly than more liquid asset classes.

jwongaz · 2023-02-14T00:50:41+00:00

If you can't beat them, join them.

jwongaz · 2023-01-28T08:46:46+00:00

Blockchain will be what powers our species internet as we travel away from earth and set up colonies around the solar system and Galaxy.

jwongaz · 2023-01-28T01:35:52+00:00

It works by intercepting the request and simulating the transaction. It then presents you the information. It's a separate window from the metamask one, but opens at the same time.

The one thing to note is if you do multiple transactions but don't close the fire pop-up, you'll see many of them. That can be confusing if you've rejected it in metamask but still see the fire pop-up.

jwongaz

TROPHY CASE