I haven’t used defi for anything yet but was looking into monero atomic swaps:
I haven’t done it yet because I haven’t been actively trading in a while but starting to read up on it, sounds better than using the exchange. (centralized exchanges I mean)
Anyone into NFT’s? January 19th is the release of HAPEBEAST…Made by one of the BAYC (Bored Ape Yatch Club) guys.
Crypto has taken a bit of a hit, so my brothers and I were gonna pitch in for one…IF we can get one.
Not gonna lie and I’m not sure why, but this gives me major, major fomo.
Apologies for the detour into politics; I don’t at all mind seeing Russia punished, although I do think it’s a punishment that will unfortunately fall upon the average citizens of Russia far more than its leaders, but I think it’s interesting that one of the methods of punishment the U.S. & allies have chosen involves pushing a few buttons and digitally confiscating most of the Russian central bank’s foreign exchange reserves. Maybe Russia should’ve bought bitcoin as a reserve currency before starting an invasion.
Russian government nearly banned crypto mining. There are limits on how much crypto or foreign currency you can buy. But it is clearly helping regular Russians to escape the falling ruble.
Ukrainian government welcomes crypto donations and crypto exchange turnover in hryvna goes up because it might be easier to flee the country with crypto rather than cash.
But usually only those already familiar with crypto benefit from it.
I sold the bit I had in November. I’m thinking about jumping back in shortly. Others are saying how now is the time to buy. We just hit 20k last year. Now the sky is falling. I’m an idiot but I think btc will settle at 10-15k.
Was holding a few crypto bags but decided to swap them for stables and short doge.
Should have done it a while ago with the panic that was happening the last few weeks/month.
Btc to $10k
Eth to $500
Doge to .009
Etc etc…lol
It’s interesting. I have been wondering, if all crypto if supposed to be in a Blockchain wallet, how is it then traded on one of those exchanges? An exchange totally misses the point of what crypto is about. How do these exchanges access crypto that is inherently locked in a safe? Are they some sort of ponzi scheme?
“Decentralization” means that it is held by many people and not on the current platforms or large corporate interests so to speak. The point of a crypto wallet and a Blockchain is so that people can use the currency freely without outside parties getting involved.
The market is still just a wee little baby. In reality the products on the market are only half finished. Investors seems to get the speculative investment wild price fluctuation things without really understanding crypto. There are no “working” currencys so to speak. The coins on the market are only half finished. People are buying half painted paintings…
Don’t get me wrong, crypto is great. But there is so much that has been left undone in the rush for a quick buck $$$. Crypto will flounder unless it becomes more than simply a speculative investment.
Really what I mean when I say wee little baby is that it is underdeveloped not new.
An exchange is completely unnecessary… actually defeats the point. The point of a blockchain is that all transactions take place on the Blockchain. With a properly configured wallet you can buy and exchange crypto…at least if you already have “some type”…but you can easily buy more to deposit into your wallet with a credit card.
The utility and financial beauty has been taken away from crypto in the mad rush and allurement of the crypto financial market.
you do understand your literally contradicting yourself right
your opting for services that you have to verify your ID and literally send a picture of it
(wallets you can purchase with)
All the while saying the awesome verification free exchange I just shared with you is losing touch with how crypto started in its love for privacy and decentralization
I’m saying all the exchanges are a fat sack of shit. It defeats the purpose of a Blockchain and I’m really unsure how they are doing any trading at all. There are plenty of options to simply purchase crypto with cash or card no ID required.
Not knocking on your exchange…it’s just a generalization I am making.
They’re doing trading by having everyone’s coins on the exchange in their own wallet, not the customers. That’s how almost every major exchange has been hacked in the last decade. The coins aren’t locked in your wallet if they’re in an exchange.