Are we excited yet?

Dohnjoe

Bob24 wrote: »

It is a fact that the guarantee scheme alone could not face the default of a large bank, no confusion here.

I won't comment pre-2008, but most systems are now set up with the default of at least one major bank in mind. Where I work, it's the default of the two largest banks (in the world)

If such default was to materialise, the government would have multiple options:
1) bail-out the bank to prevent the default, at the expense of taxpayers (addition of massive government debt) - we have seen this before but it might be politically difficult to do it again

Depends on the type of bailout. The US basically bailed out their banking system, certain shadow banks and their auto industry using loans, and then managed to recoup it all back, with a profit on top. Often distressed institutions caught up in a systemic crisis just require short-term intraday liquidity.

And if there's no crisis and an institution runs into trouble due to its own mismanagement then there's always the option to let it go down

But we don’t know which route would be chosen (nor which ones would be available in practise). Options 1 or 2 could mean adding double digit percentage of GDP to the national debt, which isn’t a trivial matter - so I personally wouldn’t take them for granted. Also, if this situation occurs it should be assumed that things will be messy and there will be nasty hidden surprises in the books of the bank (see Anglo Irish), so regardless of prudential regulations no one knows how much money would be needed.

I would be very surprised if the Irish system is not prepared for the default of one or more of the big banks (post 2008).

dirk_dangler

HGVRHKYY wrote: »

Still unavailable to buy €:crypto though unfortunately, I try to only buy direct with fiat to avoid the possible headache of CGT on crypto:crypto buys. Any word on when it'll be listed somewhere to buy it directly with euro?

It will be on Coinbase and Gemini as they are early investors, when i don't know, i would guess November when next batch of tokens are released, volume is thin as most are staked and Coinbase like large volume tokens

fritzelly

dirk_dangler wrote: »

You still have not let us know how THETA will succeed where MS Mixer failed
Instead of chasing vaporware(ADA) look to invest in projects with rock solid fundamentals, top of their field creators and top tier VC backers

...

Copy paste from 4chan - the coin has made zero progress since it was launched

dirk_dangler

fritzelly wrote: »

Copy paste from 4chan - the coin has made zero progress since it was launched

Don't buy any then. Simple really

dirk_dangler

Same day chainlnk swift on twitter grayscale buys 72k LINK

bfa1509

dirk_dangler wrote: »

Not that I care all that much but isn't Eth2 poised to have 100,000 tps? Which sorta blows this graphic out of the water.

The best crypto is the one that lasts the longest, the one that can adapt and change to suit everything and the one that you get in on early and Hodl like a mofo.

pioneerpro

bfa1509 wrote: »

Not that I care all that much but isn't Eth2 poised to have 100,000 tps? Which sorta blows this graphic out of the water.

The best crypto is the one that lasts the longest, the one that can adapt and change to suit everything and the one that you get in on early and Hodl like a mofo.

There's so many wild statements being made, and bad-faith comparisons, that it's hard to know where to even start here. This isn't due-dilligence, this is marketing material.

You're 100% right on the TPS figures - they're being completely disingenuous regarding sharding/rollup optimisations; despite the fact that Vitalik himself has already come out and said they'd beat 1000 TPS!



For anyone who thinks there's any credibility to the rest of the non-technical and appeal to authority stuff, here's a very simple task - find ANY reference to an active partnership between SWIFT and Chainlink online. None exists.

https://www.reddit.com/r/Chainlink/comments/l0t19a/chainlink_swift_partnership_not_happening/

In fact, if LINK are partnered with SWIFT - ask why they felt the need to take down the connection from their website (cough Cease & Desist) https://web.archive.org/web/20190820085402/https://chain.link/

Or better yet, their much vaunted partnership with Google Cloud?
https://cloud.withgoogle.com/partners

I asked Dirk the same questions back in February. Radio Silence.

https://www.boards.ie/vbulletin/showpost.php?p=116364791&postcount=90

ShaneU

I really wish Elon would shut the hell up

pioneerpro

pioneerpro wrote: »

It's a *great* time to be in crypto, or even dipping your toe in for the first time. 2021 is ETHs year to lose at this point.

https://cointelegraph.com/news/ethereum-london-upgrade-launches-on-testnet-as-100k-staked-in-a-day-on-eth2

Yes sir, I can boogie. Watch the burn in realtime @ http://watchtheburn.com/

dirk_dangler

bfa1509 wrote: »

Not that I care all that much but isn't Eth2 poised to have 100,000 tps? Which sorta blows this graphic out of the water.

The best crypto is the one that lasts the longest, the one that can adapt and change to suit everything and the one that you get in on early and Hodl like a mofo.

Rose 1000 tps per parachain
1000 tps X 1000 parachains = 1,000,000 tps

dirk_dangler

pioneerpro wrote: »

There's so many wild statements being made, and bad-faith comparisons, that it's hard to know where to even start here. This isn't due-dilligence, this is marketing material.

You're 100% right on the TPS figures - they're being completely disingenuous regarding sharding/rollup optimisations; despite the fact that Vitalik himself has already come out and said they'd beat 1000 TPS!



For anyone who thinks there's any credibility to the rest of the non-technical and appeal to authority stuff, here's a very simple task - find ANY reference to an active partnership between SWIFT and Chainlink online. None exists.

https://www.reddit.com/r/Chainlink/comments/l0t19a/chainlink_swift_partnership_not_happening/

In fact, if LINK are partnered with SWIFT - ask why they felt the need to take down the connection from their website (cough Cease & Desist) https://web.archive.org/web/20190820085402/https://chain.link/

Or better yet, their much vaunted partnership with Google Cloud?
https://cloud.withgoogle.com/partners

I asked Dirk the same questions back in February. Radio Silence.

https://www.boards.ie/vbulletin/showpost.php?p=116364791&postcount=90

if you only looked at the twitter post from Chainlink posted her a few days ago, the one with SWIFT, it contains a video, watch it and see SWIFT say they are working with Chainlink, straight from the horses mouth, but you know better than those who work at SWIFT.

cnocbui

dirk_dangler wrote: »

if you only looked at the twitter post from Chainlink posted her a few days ago, the one with SWIFT, it contains a video, watch it and see SWIFT say they are working with Chainlink, straight from the horses mouth, but you know better than those who work at SWIFT.

This is the oldest schill trick in the shítcoin book: X, Y and Z big corporations, Nobel prize winners, multi billionaires and even Jesus Christ himself, are 'involved', 'partnering', exploring, 'joined the team'

All aboard the Schill train, leaving from platform 3 in ten minutes, get your tickets here. Just look at the quality of the people queing to board the 1st class section - don't miss this once in a lifetime opportunity!

Did you know that Ripple has partnered with 300 financial institutions? Or that Bank of America, Santander and American Express are 'exploring' and are all now part of the team? Any Australian would be familiar with that banking giant, Westpac. Reisebank, UBS, Standard Chartered Bank and Royal Bank of Canada - they are all deeply involved partners who have expressed keen interest in in this historic project and are in awe of our high quality hand-picked team, now that they have replied to our unsolicited email with a 'we will get back to you'.

Hold my cool-aid, I'm off to load up as many shíté coins as I can carry.

pioneerpro

dirk_dangler wrote: »

if you only looked at the twitter post from Chainlink posted her a few days ago, the one with SWIFT, it contains a video, watch it and see SWIFT say they are working with Chainlink, straight from the horses mouth, but you know better than those who work at SWIFT.

This video from SWIFT Community? lmfao
https://www.swift.com/sites/default/files/videos/smarter_securities_2021_5.mp4

I watched the whole thing. They've no formal partnership of any description. Feel free to prove otherwise with any citation. There's about 50 such projects underway.

You'd think they might have mentioned it on their twitter given its such news. They do with every actual partnership, like Carnegie last week:
https://twitter.com/swiftcommunity

Here's what SWIFT are actually doing in the space as their roadmap
https://www.coindesk.com/six-banks-back-swift-international-payments-platform

What they'll ultimately be using is R3's Corda Platform
https://www.r3.com/press-and-media/

You've Lightnet (who got 30$m in Series A last year) and the likes of Ripple/Moneygram trying to pull the rug on SWIFT before that happens. But the CBDC stuff, outside of the stuff I've already posted on ETH, is focused on the above.

dirk_dangler

pioneerpro wrote: »

This video from SWIFT Community? lmfao
https://www.swift.com/sites/default/files/videos/smarter_securities_2021_5.mp4

I watched the whole thing. They've no formal partnership of any description. Feel free to prove otherwise with any citation. There's about 50 such projects underway.

You'd think they might have mentioned it on their twitter given its such news. They do with every actual partnership, like Carnegie last week:
https://twitter.com/swiftcommunity

Here's what SWIFT are actually doing in the space as their roadmap
https://www.coindesk.com/six-banks-back-swift-international-payments-platform

What they'll ultimately be using is R3's Corda Platform
https://www.r3.com/press-and-media/

You've Lightnet (who got 30$m in Series A last year) and the likes of Ripple/Moneygram trying to pull the rug on SWIFT before that happens. But the CBDC stuff, outside of the stuff I've already posted on ETH, is focused on the above.

You can lead a horse to water , but you cant make him drink, i have not laid down a trail of bread crumbs, more like bread rolls, there are videos on youtube right now from 2017 of Sergey being introduced by SWIFT, videos confirming SWIFT working with smartcontract.com
It is hidden in plain sight and all you have to do is go look for it, i hope some here have DYOR and know the score , if not the following will be the soundtrack to the rest of your life when you miss the rocket and you could have been aboard

dirk_dangler

cnocbui wrote: »

This is the oldest schill trick in the shítcoin book: X, Y and Z big corporations, Nobel prize winners, multi billionaires and even Jesus Christ himself, are 'involved', 'partnering', exploring, 'joined the team'

All aboard the Schill train, leaving from platform 3 in ten minutes, get your tickets here. Just look at the quality of the people queing to board the 1st class section - don't miss this once in a lifetime opportunity!

Did you know that Ripple has partnered with 300 financial institutions? Or that Bank of America, Santander and American Express are 'exploring' and are all now part of the team? Any Australian would be familiar with that banking giant, Westpac. Reisebank, UBS, Standard Chartered Bank and Royal Bank of Canada - they are all deeply involved partners who have expressed keen interest in in this historic project and are in awe of our high quality hand-picked team, now that they have replied to our unsolicited email with a 'we will get back to you'.

Hold my cool-aid, I'm off to load up as many shíté coins as I can carry.

A clear leader for most ignorant post of the year, it will be hard to top but knowing the quality of some of the post around here i would not be surprised if it is beaten into a distant second.
Anyway i have a soft spot in my heart for you goofs so will try help you out, horse ,water Et cetera .
11 minutes that should pique interest and a good place to start DYOR

cnocbui

dirk_dangler wrote: »

A clear leader for most ignorant post of the year, it will be hard to top but knowing the quality of some of the post around here i would not be surprised if it is beaten into a distant second.
Anyway i have a soft spot in my heart for you goofs so will try help you out, horse ,water Et cetera .
11 minutes that should pique interest and a good place to start DYOR

Are you an Australian? I am really hoping not.

Show us how it's done, oh wise crypto wunderkind - what's the current profit margin on your crypto investments?

pioneerpro

dirk_dangler wrote: »

A clear leader for most ignorant post of the year, it will be hard to top but knowing the quality of some of the post around here i would not be surprised if it is beaten into a distant second.
Anyway i have a soft spot in my heart for you goofs so will try help you out, horse ,water Et cetera .
11 minutes that should pique interest and a good place to start DYOR
[/YOUTUBE]

Try as I might, just can't find this much vaunted partnership. Neighhhhh.

https://lmgtfy.app/?q=swift+chainlink+partnership

SteelyDanJalapeno

Shorts through the roof

FFVII

dirk_dangler wrote: »

You can lead a horse to water , but you cant make him drink, i have not laid down a trail of bread crumbs, more like bread rolls, there are videos on youtube right now from 2017 of Sergey being introduced by SWIFT, videos confirming SWIFT working with smartcontract.com
It is hidden in plain sight and all you have to do is go look for it, i hope some here have DYOR and know the score , if not the following will be the soundtrack to the rest of your life when you miss the rocket and you could have been aboard

Hidden in plain site?

seannash

All news and on chain analysis from the likes of cryptoquant remain bullish but the price action does not reflect that.
Gonna be an interesting weekend

Dohnjoe

seannash wrote: »

All news and on chain analysis from the likes of cryptoquant remain bullish but the price action does not reflect that.
Gonna be an interesting weekend

Positive news means nothing if the market is going down.

seannash

Dohnjoe wrote: »

Positive news means nothing if the market is going down.

No i recognise that but coupled with whats showing on exchanges you would think it wpuld spell gpod news on the price front but as you say its still ticking down.
Im happy to be waiting on the sidelines right now

weemcd

seannash wrote: »

No i recognise that but coupled with whats showing on exchanges you would think it wpuld spell gpod news on the price front but as you say its still ticking down.
Im happy to be waiting on the sidelines right now

Huge amounts of shorts in play. Seems like a weekly occurrence at this rate. Don't get shaken out.

https://twitter.com/CryptoPak_/status/1408719788189401090?s=19

FFVII

weemcd wrote: »

Huge amounts of shorts in play. Seems like a weekly occurrence at this rate. Don't get shaken out.

https://twitter.com/CryptoPak_/status/1408719788189401090?s=19

Who'd get shaken out now.....Most left 6 figures on the table to still be in now. They're going nowhere....

I traded all my ETH for BTC this morning then staked all the BTC for 3 months at 6.5%.

bfa1509

weemcd wrote: »

Huge amounts of shorts in play. Seems like a weekly occurrence at this rate. Don't get shaken out.

https://twitter.com/CryptoPak_/status/1408719788189401090?s=19

Not sure how people can sleep at night opening these short positions. I'm not too familiar with how it works but how much of an increase would we start seeing a squeeze? 5% 10%? That would be delightful.

Badly fukt wrote: »

I traded all my ETH for BTC this morning then staked all the BTC for 3 months at 6.5%.

Kraken rate is so bad at 0.25%. Never selling so 6.5% cushion sounds nice.

fritzelly

bfa1509 wrote: »

I'm not too familiar with how it works but how much of an increase would we start seeing a squeeze? 5% 10%? That would be delightful.

Depends on the leverage they were given and how itchy the broker is when it's not looking good

Brian201888

These mad returns like 6%, does that not scream Ponzi scheme? How does it make sense?

Brian201888

Brian201888 wrote: »

These mad returns like 6%, does that not scream Ponzi scheme? How does it make sense?

This is what the bank should be giving you on a depreciating currency. You can get 12% on stablecoins like USDC that are pegged to the dollar.

SkyRevNet

Brian201888 wrote: »

These mad returns like 6%, does that not scream Ponzi scheme? How does it make sense?

It certainly screams "unsustainable" to me. It is just not possible to continually create 6-12% of something and for it to maintain relative value. At some point something has to give.