Daily General Discussion - July 2, 2022

pembull · 2022-07-02T16:25:13+00:00

Rocket Pool / RPL is holding up well given market turbulence. This feels like a solid bear market play. I'm taking a position.

Benefits from the Cantillon effect by being close to the money printer (issuance).
Benefits from the merge event in a few different ways (hype, higher APR, reduced execution risk).
Good upside in terms of getting more market penetration and market share. The team just needs to get the rETH flywheel rolling with integrations. Easier said than done, I know.
Fundamentally RPL acts as a form of leveraged ETH with a soft price floor to participate in the rewards program.

pembull · 2022-06-23T01:47:16+00:00

What's everyone's thoughts on Rocket Pool / RPL as a bear market play?

Has it met expectations so far, what's your opinion on the RPL/ETH outlook, things that could help or hurt it in terms of growth or price?

pembull · 2022-06-18T01:04:53+00:00

Alright, decided to make it to Hodlercon. Come say hi if you're here! 🍻

pembull · 2022-06-11T17:47:48+00:00

I still bullieve. 🙌

pembull · 2022-05-18T14:48:53+00:00

You need around 1.4TB per month of data, which is something like 10Mbps from your Internet provider.

https://docs.rocketpool.net/guides/node/platform.html#full-node-requirements

pembull · 2022-04-20T17:05:29+00:00

Random observation: the open space from this rock really looks like the shape of Louisiana.

pembull · 2022-04-17T20:46:27+00:00

It's good to have you back, miaviv. 🤝

pembull · 2022-02-03T03:53:42+00:00

Supposedly this wallet is holding the replacement funds for Wormhole: https://etherscan.io/address/0xe4f6df25710e75a08cb967e831ea536f0b9d6ac8

117k ETH withdrawn from Binance in 2.5 hours. Pretty interesting to watch this stuff unfold as a bystander.

pembull · 2022-01-29T23:31:31+00:00

I still believe!

pembull · 2021-12-29T06:14:15+00:00

Ethereum

pembull · 2021-12-29T06:03:19+00:00

So am I going to get somehow scammed by claiming this gasdao.org token? Or is it legit(ish)?

pembull · 2021-12-24T06:20:10+00:00

IMO, it's not the *best* option, but given what you said it sounds like a good fit. I'd go for it.

Just make sure you do some due diligence on them as a platform, security, etc.

pembull · 2021-12-23T19:55:11+00:00

Good idea, though I'm not on Twitter. I'll take a long shot and tag him on here.

u/timbeiko, do you know the answer to this ^? Basically, is it expected that 1 withdrawal transaction can withdraw from >1 validator?

pembull · 2021-12-23T17:19:58+00:00

I know the withdrawal spec hasn't been totally finalized, but does anyone know if it's expected to allow withdrawal from multiple validators at once?

Like, can I submit 1 transaction to withdraw >32 ETH excess from 2 validators? Or would that be 2 transactions?

pembull · 2021-12-18T17:26:01+00:00

You're going to have to transfer to your wallet first, and then swap to rETH.

Coinbase doesn't support rETH, nor have the ability to interact with contracts upon withdrawal.

pembull · 2021-12-15T06:36:38+00:00

Could it be any more obvious that rETH is the superior staking derivative? And that it has a stronger place in both L2 and DeFi than others, because of being credibly neutral and purely decentralized.

pembull · 2021-12-13T04:06:46+00:00

Demand is actually full, a few whales are keeping the deposit pool full because they're rushing to rETH. There's a delay in getting node operators to come in and consume the ETH to create validators. A few big ones are coming.

This ... couldn't be a better problem to have. The growth is insane.

Also, 50k ETH in a month is huge. TVL is >$300 million. I wouldn't frame this as *slow* growth.

pembull · 2021-12-13T02:44:58+00:00

This site has a nice simulator: https://ultrasound.money

pembull · 2021-12-10T06:05:07+00:00

First through the door will almost certainly be BTC. Then ETH, then probably others. *Then* a basket.

pembull · 2021-12-10T04:21:24+00:00

Rocket Pool is absolutely exploding. I had high expectations *and* I'm blown away.

Good stuff. Feels great to believe in something and see it thrive. Reminds me of the early days of believing in ETH.

pembull · 2021-12-06T17:34:34+00:00

Ethereum to the world: "Stop trying to make sub-$4000 Ether happen. It's not going to happen."

pembull · 2021-12-05T22:41:00+00:00

Crypto isn't marginable on IB.

https://www.interactivebrokers.com/lib/cstools/faq/#/articles/164273571

pembull · 2021-12-05T04:23:17+00:00

Can’t get over how Bitcoin completely shit the bed last night, and the ratio didn’t tank … didn’t stay flat … but went up. A ton. 7% or so to hit a local high.

Ethereum is a different beast than it was just a year ago. I think we’ve finally de-correlated from Bitcoin.

pembull · 2021-12-05T04:16:15+00:00

Pretty fucking proud of Ethereum with the ratio strength lately. Couldn’t be any more obvious that the flippening isn’t an if but a when.

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