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ok we seriously have a big problem in defi rn
The risk for the yield you get does not fucking make sense.
You have the risk of loose everything. And for what? An extra 40 bps or something. Does not make any sense.
No circuit breakers, no protections, nothing. Which would be acceptable if you get more yield. But you don't.
Why would I put my money in Morpho or Aave when I can just put it into t-bills.
Dao drama, north korea and hacks everywhere...
We need to grow up or accept that on-chain lending is for people that cannot off-ramp for different reasons. (You know the reason lol)
The solution? I don't know tbh. I wish I knew.
Circuit breakers on the corpo chains would make a ton of sense imo.
But yeah tradfi will eat defi if we don't fix things.
Would love to open up a discussion here. Something I don't see? Potential solutions?
I love defi. I was building in defi for 4 years. But I'm seriously considering moving everything to my bank account. Which is crazy to think about.
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@jimcramer Yeah it was, my charts have it mapped out. It’s all about science Jim, you know my charts throw it down.
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@Dean1Michael Thanks for reaching out. For customer support, please visit ebay.to/4ct4cni and select 'Contact Us' at the bottom of the page to chat with our automated assistant or contact an agent.
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Spring cleaning can wait while you dig up rare slabs and comic book gold this week.
Tap in for treasures: ebay.to/47xkOaQ
#ebaylive
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@sjdedic This creates the same centralized system we already have, so much for defi.
We had the chance but Bitcoin maximals through it away since we all lived under a centralized model for so long that nobody knows how to act with a defi state of mind.
I agree with you to a point.
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Unpopular opinion:
Most likely we are already in a bull run, but it won't ever feel like a bull run again.
Cycles are dead. There won't be a 3-month mania anymore where everything 100x's and your barber asks you about altcoins.
It'll be stablecoin volume quietly doubling. RWA TVL hitting $100B without a single CT thread going viral about it. Crypto companies posting actual earnings. Boring products serving real people in real markets.
It will be slow and hardly exciting for most.
But it will be steady, sustainable and it will be compounding long-term.
Most of you will miss it because of your dopamine addiction and short-term horizon, but bad news is that the casino won't reopen.
Do yourself a favor and grow up.
Or you're better off just leaving.
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@Dean1Michael Sorry to hear you're also experiencing this! We certainly want to get to the bottom of this for you. Please follow us and send us a DM with the information we requested in our previous reply. Once we have these details, we'll report this to the proper teams here. Standing by!
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@SuhailKakar It’s been fucked, everyone’s been living under a centralized model for so long that they don’t know how to act under a decentralized model. I’m not sure Bitcoin maximals even understand the extent of which our world is centralized, even things like college would change.
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defi is fucked lol
drift just got drained for $200M+ and here's how:
- attacker minted 750M fake tokens
- made a raydium pool with $500 liquidity, priced at ~$1/token
- compromised admin key listed the fake token on drift
- disabled all withdrawal guards in one tx
- deposited $785M of fake "collateral" and drained every vault in 31 txs over 12 minutes
- nobody noticed for an hour
- attacker came back 2hrs later to grab a few more million
the multisig was 2/5 with a 0-second timelock. $200M+ protected by two signatures and zero delay.
and people wonder why nobody takes this industry seriously
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@cryptoartcom What happens to everyone who already bought artworks, where’s the NFT?
I’ve been waiting since 2018 or so for the NFT and even offered to help. I do have a low number print for a large picture and nothing separates it from the small prints regarding the nft.
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What makes an art print tokenized? Pairing mechanics.
Each print is linked to an NFT that toggles between two states:
Paired: the print is in circulation.
Unpaired: the print is invalidated/destroyed and the NFT becomes redeemable for the same edition number.
Own physically, transfer onchain.
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@Chain_AlphaX @litecoin Awktually, what’s comical is previous generations used the “encycLOWpedia” to build the world around you meanwhile current generations have the inTERnet and destroyed the place.
You know why?
Because doing actual work creates things like empathy, consideration, & compassion.
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Don't trust the Brits. They can't even spell encyclopedia right.
Encyclopaedia Britannica@Britannica
With everything going on, the last thing you need is the encyclopedia trying to fool you, so we just hope you have a nice day.
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@hulu_support @brittilina None of that matters when the ENTIRE UNITED STATES is experiencing these issues. Quit pushing it off onto our devices because our devices aren’t the problem. You guys act like we’re running Hulu off a 9volt battery hot wired to a junk 8 bit router.
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@brittilina Sorry to hear we missed the mark, Brittany! We'd like to look into this on our end, so when you have a chance, please DM us your Hulu-associated email address, the show (season/episode) the ad played during, the brand being advertised, the device in use & your ZIP Code. Thanks!
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@TheCryptoSquire This isn’t why the market is dropping, however; these prices are a bit low setting new all time lows and you’d have thought there would’ve been some kind of foundation on a few altcoins.
Devs knew this was going to happen when releasing ico’s and Coinbase has purchase history.
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@coinbase The prices aren’t correct regardless due to fake “market slippage” which isn’t right because that’s not what the market was at during purchase.
It’s odd how the price always favors Coinbase whether we sell or buy.
Furthermore, altcoins have been on a 6yr decline; thanks guys.
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@mikulaja And they keep adding strange altcoins everyday.
Not to mention double dip on the fees since Coinbase takes it out of our Bitcoin instead of on the back end in Fiat.
We purchase $100 in Bitcoin & the total isnt $106.99 it’s, $93.99 which ends up going on the purchase.
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Coinbase spamming its users to bully them into sports gambling might turn out to be one of the great unforced errors for the blunder-prone crypto exchange
AJC@AvgJoesCrypto
I have received three separate notifications about College Basketball from @coinbase in the past *hour* alone. It is absurd that, amidst arguably the worst collapse in trust in this industry’s history, the largest American CEX has completely pivoted to trying to get their customer base hooked on sports gambling, so that they can extract even more exorbitant fees. At this point, it is undeniable that Coinbase *is* part of the industry’s problem. I will be ending my Coinbase One subscription and moving my business to new a CEX, any recommendations?
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@Sigyn_Strange @ZubyMusic Yeah, we all have that shit because the younger generations are trash. Not saying mine isn’t, my generation is too worried about what others think of them. Americans don’t support other Americans.
Seriously, I don’t ever see anybody cutting their grass anymore or doing anything
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@ZubyMusic Bro I have Bipolar I Disorder a Personality disorder with PTSD and severe anxiety. If you don't put people like me in therapy we will hurt people. Its just the damn truth.
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@litecoin I've been stacking LTC since 2019 and steadily bleeding money since 2019, so at least the fair launch part checks out.
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@jconnorholliman @coinbase That is pretty cool, before this we had to buy the entire share; thanks for sharing Connor.
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Yesterday I used @coinbase for the “everything exchange” we’re building it to be by buying my first stock there
What I actually bought was a fractional share ($50 worth) of NVDA
Access to high-priced stocks is just another way Coinbase is ensuring economic freedom for all
NFA

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