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  1. johnarb

    DeFi - going bankless

    I believe cryptokitties died a horrible death. I didn't experience it as I was not into Eth at the time, more on XMR and ICO's getting hundreds of percent returns with some and 0% (or big losses on others). I did have a chance to buy into the Pepe craze as it was mentioned many times in the...
  2. johnarb

    DeFi - going bankless

    https://pomp.substack.com/p/the-next-big-bet-digital-art?token=eyJ1c2VyX2lkIjoxMTQ1NDk0MiwicG9zdF9pZCI6MzExMjM5OCwiXyI6Ikl3bGYyIiwiaWF0IjoxNjAwNzMxOTMxLCJleHAiOjE2MDA3MzU1MzEsImlzcyI6InB1Yi0xMzgzIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.UXNp1vkwh2SKljCzWYcfImu2EYUjaC00MPWKgh0w0iI&utm_source=substack&utm_m...
  3. johnarb

    DeFi - going bankless

    Oh, like a true degen, I bought some $meme last night and farming 5 meme's which is the maximum staking allowed on the platform so I can get pineapples to be able to mint the NFT's. I might buy some more today and start another staking on a different wallet. I love arts, even though I don't...
  4. johnarb

    DeFi - going bankless

    I've never used FTX (only use Binance with VPN and fake emails, 2 BTC's value daily withdrawal is more than enough for me), but I have a SIM from SE Asia that is roaming and I just pop it to my cell phone and I can send and receive text messages. I think they sell these SIM's on ebay, might be...
  5. johnarb

    DeFi - going bankless

    Rent-seeking has been turned upside down by the pandemic. All those North Cali real estate purchased for use in Air-bnb and the likes, all the small landlords renting out to low-income and unable to pay their mortgages, and the retirees putting their nest egg on the safest investment...
  6. johnarb

    DeFi - going bankless

    I don't use FTX but maybe that's what you're looking for as a crypto trading platform? Cream has a maximum supply of 9M tokens so fully diluted valuation marketcap was much higher than peers that are more mature (i.e AAVE, Compound) based on its price. Circulating supply is about 150K tokens...
  7. johnarb

    DeFi - going bankless

    It's risk vs reward. Bitcoin maxis will tell you just hold bitcoin, but the truth is I've seen posts on bitcointalk (wall observer) of hodlers inquiring about (passive) income on bitcoin and some would bring up BlockFi. Of course majority responses reject the idea of depositing their btc's on a...
  8. johnarb

    DeFi - going bankless

    Did you say meme? https://coinmarketcap.com/currencies/degenerator-meme/ I'm not in it and not looking to buy in, but apparently Andre Cronje excitedly tweeted about purchasing an NFT and how it can be the next revolution in p2p marketplace (but $MEME had already been mooning before that).
  9. johnarb

    DeFi - going bankless

    I love btc, in my view, it's the best version of gold (SoV) that could have been thought of. The value is derived from the trust in its scarcity and is proven by the enormous amount of energy and resources to produce 1 bitcoin through mining. When I de-risked a couple of days ago, bitcoin...
  10. johnarb

    DeFi - going bankless

    $UNI is close to $8, fml, lol. I was going to farm it, but the yield is down to less than 100% APY from over 2000% APY when it was first announced. Too many farmers, so the market is valuing Uni, highly [edit: $8.5 now, I'm gonna stop watching it, it's painful to watch, sold all my free unis...
  11. johnarb

    DeFi - going bankless

    Yea, Ethereum blockchain got a shock with this Uniswap free stimulus $$$, lol. Lots of good stories on crypto twitter, as to some people, 400 Uni (x $3.38 currently) is a lot of money and if he/she used the Uniswap on more than 1 wallet, it's an even bigger windfall. There's a story of a child...
  12. johnarb

    DeFi - going bankless

    If you've ever used Uniswap Dex, you should claim your Uni rewards worth ~$1,000 for each wallet. I just found out I have 5 wallets that I have used Uniswap on, so essentially $5,000 from air(drop). Crypto is amazing. That's the good news. The bad news is that the Ethereum network is clogged up...
  13. johnarb

    DeFi - going bankless

    In the context of going bankless, or more like crypto byob (be your own bank, not the other acronym, lol). Sort of DeFi, but really a combination of Crypto and fiat banking. I took out a loan on BlockFi to test it out using BTC, you don't have to sell your cryptos and when you pay off your...
  14. johnarb

    Crypto exchange Kraken receives Wyoming bank charter

    https://www.americanbanker.com/news/crypto-exchange-kraken-receives-wyoming-bank-charter The cryptocurrency exchange Kraken has become the first crypto company to receive a bank charter. It’s not a full-fledged national banking license or an industrial loan company charter, but a...
  15. johnarb

    DeFi - going bankless

    Thanks for the info on Finematics, watched the explanation on vaults, made it easy to decide to add YFI to the "safe" crypto long term holdings.
  16. johnarb

    DeFi - going bankless

    I like Aaron Bennett but he's more on the conservative side of DeFi, like long term savings account, but he covers news and stuff. For ideas on good projects with lots of potential but also lots of risks, I go on Crypto Twitter. Just have to make sure I get 3 or more confirmations of different...
  17. johnarb

    DeFi - going bankless

    YFI only has 30K coins in existence and they are getting locked as part of the DeFi stuff it's doing, lol [edit: $100K is only the first target price, could happen in the next 2 weeks, the real target is $1M dollars, *pinky on the mouth*]
  18. johnarb

    DeFi - going bankless

    DeFi yield-farming is a craze, right now, there's lots of YouTube videos on the subject. Starting on Monday, Cream is allowing Binance Smart Chain to participate in the yield farming, bringing BCH, XRP, LTC (finally gets a use-case, lol), etc, to DeFi. Impermanent Loss is one of the risks in...
  19. johnarb

    DeFi - going bankless

    $YFI going to $100K :D $YFII has strong Crypto Chinese community support and has better % returns for the past 7 days
  20. johnarb

    $SUSHI - DeFi token for sushiswap a fork of uniswap

    Yes, yes! YFI is gonna go to $100K, almost guaranteed by the TA experts :D I'm thinking of fomoing and buying at least 1 whole YFI as a long term hodl, it's got some asset vaulting, savings, products services, that I have not looked into, maybe too much for my low IQ. That's a great thread!
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