Cryptocurrency megathread V2 - Gas Fees Galore

[Squintz]

Might've fucked up. Got sick and tired of my robinhood Doge to go back to around what I bought it for so I sold my 2,300 coins last night for $115. Was gonna let it dip a little them add to my Blockfolio Doge. So far it ain't working out too well.

More importantly, anyone know what the fuck is up with "Brokerage Cash" in robinhood? It would only let me transfer $111 to my bank account and kept the rest as brokerage cash for me to spend. So I bought more Doge with the $3.68 and then sold again hoping that would fix. Nope. Went back to my buying power. How the fuck do I get my last $3.68 out of robinhood??

Rule 1) Buy Doge
Rule 2) Hold Doge
Rule 3) See Rule number 1 and 2.

What are you trying to buy with $3.68 anyways..... Besides more Doge?

 

[MilesAbove]

Where did you get this layout?^ Looks cool!

I use the livecoinwatch portfolio to keep track of all my positions across exchanges and wallets. Makes it easier on the brain. You can either keep a quick portfolio or get specific with it and add the amounts and what days/times you bought/sold them for high-accuracy.

 

[m25105]

 

[meauneau]

Other than LINK what else is there that can moon?

 

[SwamiLeoni]

Good to hear some healthy criticism from a big time investor, this is what mature investing is about not just trying to convince yourself and others of the most ridiculous positive gains imaginable.

That said I think we are spoiled with a project like VET so we are maybe overlooking the big picture.

Can't really comment on your feelings over the Cream collaboration but you say it's just a feeling you have.

Their Blockchain as a service (BaaS) ideal is really coming on now.
Can you explain your reservations about their ecosystem adoption?

They have one of the most impressive list of partners right now in the entire cryptosphere, all of which are potentially part of the larger ecosystem.

https://vechaininsider.com/partnerships/a-complete-list-of-vechain-partnerships/

This is a huge achievement itself at this stage. If you take time to look into the operations of these it is clear the application will be vast.
The number of bluechip major corps that are switching to use of blockchain tech is only going to grow and they are already collaborating with a great many. This is everything that you could want at this stage.

My question would be does VeChain have any major competitors in the areas they provide for?
Like Waltonchain is an alternative but has not got near the partners of VeChain and doesn't look to be a close competitor at this stage.

Price depends on a lot of things, we need to remember that this is still a transitional phase in the industry, its building up a foundation and regulations passing. When all the pieces are in place then we can expect things to really move.

Having said that VET price growth has surpassed Bitcoin, Ethereum, Algo, Chainlink and most others this past year growing by almost 700%.
So again, don't quite get your concerns on the price it is still cheap enough to get in in a big way but is growing rapidly I expect the price to boom and reach a dollar and beyond within the next few years.

For sure, I’ve discussed VeChain quite a bit through the years.

So my main concern with VeChain is their governance model. Bitcoin has Proof of Work, Ethereum has Proof of Stake and VeChain has Proof of Authority. When a blockchain decides to use the Proof of Authority governance model they’re giving up being 100% decentralized for quicker transaction speeds and increased volume capacity. That’s not to say the model shouldn’t be trusted, it’s a good system as long as the blockchain being used is public, immutable and trustless. In vechains case, they have 101 authority nodes. Those are the nodes that provide TX confirmations to the chain. It also means that to compromise the network, 51 ANs would need to collude. The very crux of PoA is reputation. Since the chain is public, anyone trying to collude would be brought to light by the community. However, we don’t know who the ANs are. 25 of them could be the foundation and 26 could be the CCCP. We just don’t have any clue. It’s the most important part to the whole system.

So, regardless of how big VeChain gets, can we really trust the data coming from the chain if we don’t know who is verifying it? Fortunately, we do have DNV and their reputation is on the line. But to me, that’s not enough. I do believe however that enterprise companies are given node identities. It’s a guess, but risk management teams are formed for multi billion dollar companies and I’m sure they would want proof that the foundation doesn’t own a large amount of the nodes. Oh yea, and Jason tweeted out not too long ago that it’s a good thing node holders don’t know who each other are because that reduces the risk of collusion. One of the most boneheaded things I’ve read.

As far as the ecosystem goes, I wasn’t referring to Vechains business, I was referring to the VeChain blockchain ecosystem. After their fork from ETH, VEN swapped to VET and developed their own chain. A few projects like Hacken (HAI), Plair (PLA), Safe Haven (SHA) moved their projects over to the VeChain blockchain. A few others have as well but that was a long time ago. I haven’t read of any other ones as of late. I had high hopes for OceanEX but they got lazy and pretty much just quit with their marketing. Exchange runs fine though. More projects to the ecosystem brings more legitimacy, IMO. VeChain dropped the ball on that one.

And finally price, VeChain’s ATH was a little over $8.00 (VEN) and on this run VET has touched $.06. So that means we’re roughly $.025 or so away from reaching that number. That was also during a time in which the overall market cap was around $850b. Granted, BTC dominance was also at an ATL. VeChain has done great for the year but has done pretty poorly against many other projects during the huge December jump and onwards. If I remember correctly, it’s being outperformed by ETH in 2021.

VeChain hitting $1 is possible in an altcoin run should some major news come out to launch it. Maybe PoA 2.0 and the new massive client will help. What drives vechains value is network usage. Burning over the daily VTHO generation is the KEY milestone that needs to be met.

As far as I know, Oregon Trail (TRAC) is VeChains biggest competitor at the moment. WTC is a dead project. But, as other chains scale and reach proficient tx speed, cost and volume, expect other companies to jump in the mix.

 

[SwamiLeoni]

Other than LINK what else is there that can moon?

I picked up a big bag of $WOO recently. I wouldn’t be surprised to see it hit a 300-500m market cap and beyond.

For my low cap coin, I picked up a heavy bag of $DFT. Their AnyStake could be a game changer. Being able to stake any ERC20 token is nuts. Plus, their GitHub is updated regularly and an audit by Hacken by month end. It’s a decent long shot, but the AnyStake sold me.

 

[meauneau]

I picked up a big bag of $WOO recently. I wouldn’t be surprised to see it hit a 300-500m market cap and beyond.

For my low cap coin, I picked up a heavy bag of $DFT. Their AnyStake could be a game changer. Being able to stake any ERC20 token is nuts. Plus, their GitHub is updated regularly and an audit by Hacken by month end. It’s a decent long shot, but the AnyStake sold me.

Thanks for the advise.

What do you think of LINK?

 

[TheMaster]

For sure, I’ve discussed VeChain quite a bit through the years.

So my main concern with VeChain is their governance model. Bitcoin has Proof of Work, Ethereum has Proof of Stake and VeChain has Proof of Authority. When a blockchain decides to use the Proof of Authority governance model they’re giving up being 100% decentralized for quicker transaction speeds and increased volume capacity. That’s not to say the model shouldn’t be trusted, it’s a good system as long as the blockchain being used is public, immutable and trustless. In vechains case, they have 101 authority nodes. Those are the nodes that provide TX confirmations to the chain. It also means that to compromise the network, 51 ANs would need to collude. The very crux of PoA is reputation. Since the chain is public, anyone trying to collude would be brought to light by the community. However, we don’t know who the ANs are. 25 of them could be the foundation and 26 could be the CCCP. We just don’t have any clue. It’s the most important part to the whole system.

So, regardless of how big VeChain gets, can we really trust the data coming from the chain if we don’t know who is verifying it? Fortunately, we do have DNV and their reputation is on the line. But to me, that’s not enough. I do believe however that enterprise companies are given node identities. It’s a guess, but risk management teams are formed for multi billion dollar companies and I’m sure they would want proof that the foundation doesn’t own a large amount of the nodes. Oh yea, and Jason tweeted out not too long ago that it’s a good thing node holders don’t know who each other are because that reduces the risk of collusion. One of the most boneheaded things I’ve read.

As far as the ecosystem goes, I wasn’t referring to Vechains business, I was referring to the VeChain blockchain ecosystem. After their fork from ETH, VEN swapped to VET and developed their own chain. A few projects like Hacken (HAI), Plair (PLA), Safe Haven (SHA) moved their projects over to the VeChain blockchain. A few others have as well but that was a long time ago. I haven’t read of any other ones as of late. I had high hopes for OceanEX but they got lazy and pretty much just quit with their marketing. Exchange runs fine though. More projects to the ecosystem brings more legitimacy, IMO. VeChain dropped the ball on that one.

And finally price, VeChain’s ATH was a little over $8.00 (VEN) and on this run VET has touched $.06. So that means we’re roughly $.025 or so away from reaching that number. That was also during a time in which the overall market cap was around $850b. Granted, BTC dominance was also at an ATL. VeChain has done great for the year but has done pretty poorly against many other projects during the huge December jump and onwards. If I remember correctly, it’s being outperformed by ETH in 2021.

VeChain hitting $1 is possible in an altcoin run should some major news come out to launch it. Maybe PoA 2.0 and the new massive client will help. What drives vechains value is network usage. Burning over the daily VTHO generation is the KEY milestone that needs to be met.

As far as I know, Oregon Trail (TRAC) is VeChains biggest competitor at the moment. WTC is a dead project. But, as other chains scale and reach proficient tx speed, cost and volume, expect other companies to jump in the mix.

I think these are valid concerns but I wonder if it's more just about focus.
Getting more projects onto their native blockchain would be good but is it really necessary at this stage to prioritize over establishing themselves as industry leaders in what will be a very competitive area of supply chain management where they are clearly ahead right now?

If you're a node holder then VET at $1 you will already be past your first million.

 

[SwamiLeoni]

Thanks for the advise.

What do you think of LINK?

LINK is a cool project. The oracles will be a major player for a lot of industries. For instance, in Aerospace manufacturing you can have several operations that need to be completed when building a single aircraft part. Through oracles and IoT devices, those operations can be logged to the blockchain. You no longer need to confirm operations through systems that can be modified or even worse, on pieces of paper. I think it could be a major player, especially in manufacturing and potentially supply chain. I don’t own any myself because I’m already tied up in several other small cap projects, but I could purchase some with my DFT and stake LINK.

 

[dirtypablo]

Other than LINK what else is there that can moon?

XDC. It has gone up almost 10x since I first mentioned it in the alt coin thread, and still has plenty of room to go up another order of magnitude or more. Tier 1 listing will be happening soon.

 

[SwamiLeoni]

I think these are valid concerns but I wonder if it's more just about focus.
Getting more projects onto their native blockchain would be good but is it really necessary at this stage to prioritize over establishing themselves as industry leaders in what will be a very competitive area of supply chain management where they are clearly ahead right now?

If you're a node holder then VET at $1 you will already be past your first million.

I’m not too concerned with them not releasing the AN holder identities at this moment. Especially with Peter dropping PoA 2.0 soon, but I 100% believe it’s the biggest issue and they should be announced. It’s the main selling point of PoA after all and they even mention it in their PoA white paper.

VeChain has set aside developer funds for projects that want to work on VeChain Blockchain, so they are actively trying to support their ecosystem. I believe it’s important to continue trying to onboard new projects onto their chain. Not only will it drive VTHO transactions, but it also brings legitimacy to the their chain. They could work on their business side and ecosystem simultaneously, IMO.

 

[SwamiLeoni]

 

[m25105]

LINK is a cool project. The oracles will be a major player for a lot of industries. For instance, in Aerospace manufacturing you can have several operations that need to be completed when building a single aircraft part. Through oracles and IoT devices, those operations can be logged to the blockchain. You no longer need to confirm operations through systems that can be modified or even worse, on pieces of paper. I think it could be a major player, especially in manufacturing and potentially supply chain. I don’t own any myself because I’m already tied up in several other small cap projects, but I could purchase some with my DFT and stake LINK.

I'll welcome you with open arms, once you join the brotherhood of the link marines.

 

[m25105]

https://warosu.org/biz/thread/S30146933#p30147599

People sharing their reason why they got in link back when it was under 2 dollars.

edit: replaced 4chan with warosu, so people won't get in trouble at work.

 

[meauneau]

https://warosu.org/biz/thread/S30146933#p30147599

People sharing their reason why they got in link back when it was under 2 dollars.

edit: replaced 4chan with warosu, so people won't get in trouble at work.

It was spammed a lot there when it was below 1 dollar and you tell us after it went up to 30 dollars lol. What difference did it make?

 

[TheMaster]

Other than LINK what else is there that can moon?

There are literally dozens of coins that could moon. The crypto space is flying. It depends which ones are most likely strong hodls. Many will gain a ton. Outside of the main players like BTC and ETH alot have been mentioned...
Algo
ADA
VET
Tron
Polkadot

I would also encourage you not to be put off by the price of BTC. Currently $50k with total supply of 20 million. So still affordable if you want to put in some like 1/20th for the most solid bet in the industry as a long hodl.

 

[m25105]

It was spammed a lot there when it was below 1 dollar and you tell us after it went up to 30 dollars lol. What difference did it make?

Chainlink took a long time to move, you can see that on coinmarketcap.com, there was also radio silence from the team, and when we tried to tell others about it, no one bought it since Chainlink didn't do marketing. Plus the FUD that the marines intentionally wrote that people fell for, didn't exactly help, in fact it sort of highlighted the amount of absolute little research most people do, expecting others to do their homework for them. Reddit on /r/cryptocurrency is a prime example of people not doing their due diligence, and due to the upvote/downvote system that makes it easy to manipulate threads. It also resulted in FUD threads getting upvotes to steer "normies" away from LINK. And "normie" stupidity was again highlighted when the Zeus Capital FUD report was released, which resulted in more unsubstantiated FUD being spread, including on youtube by big names like Tone Vays. All this results in it taking longer to convince people, since when people search for Chainlink in their serach engine, they will discover FUD posts that has been upvoted. And again, Sherdog isn't exactly high on my priority list. I private messaged people I liked on Sherdog when LINK was floating between 9 and 11 dollars. And as I've written numerous times, there are a lot of people I hold in utter contempt in the War Room, and I didn't want to tell them about Chainlink. The Mayberry is a nice change from the War Room where I don't have to endure thread after thread by right wing reactionaries, who are afraid of their own shadow, believe in nonsense like white genocide, and think nazis were socialists

 

[SwamiLeoni]

I'll welcome you with open arms, once you join the brotherhood of the link marines.

Ha, thanks for the invite. I’m already spread out all over the place. My general strat is low cap to mid cap dump into high cap. Maybe if a couple of these hit.

 

[MilesAbove]

Guys, I'm going to be honest: For better or worse, M25's love for LINK has turned me from being on the fence about it to just not caring about it at all. Doesn't mean he's wrong. Just feels too culty now LOL.

 

[m25105]

Guys, I'm going to be honest: For better or worse, M25's love for LINK has turned me from being on the fence about it to just not caring about it at all. Doesn't mean he's wrong. Just feels too culty now LOL.