This is REALLY bad for GOLD. Scientists can literally recreate Gold in a lab and this makes Gold no longer scarce.
For those that think I am being alarmist or dramatic, study the Diamond chart since the same thing happened and scientists created lab grown diamonds.
Neither the human eye nor with a mag glass can tell the difference and the cost is about 1% of the original.
Once people realize this, there will be a huge shift into Bitcoin.
What people on here don't realize is that there are real losers behind the grifts and scams that are run on here
Some random schmuck with $100 to invest getting rinsed by Dave Portnoy for all he has
A dude trusting Ansem with his last $500 because he portrays himself as genuine
A Trump fan yeeting his savings into Trump coin to make it
All I hear on here is "Yeah but there were winners like XYZ" brother... these memes are zero sum, the winners took (or will take) from the losers
It's a fucked sort of hunger games and the influencers on here have machine guns while you've got dick all
@bankless latest pod re Eigenlayer, biggest pile of shit ever. Laying out all of the issues yet actually addressing none of them. Then the final turn is to blame it all on industrial air drop farmers? Pathetic.
I don’t have a dog in the fight but you guys have lost the plot.
@TrustlessState And what about the other EIGHTY FIVE? For papering the walls of their filthy greed lairs?
50/50 should be industry standard.
Bless the dumped upon for their sacrifices.
A total supply of 15% committed towards community airdrops is a full 50% above industry standard - so I dont think 'theyre not thinking of the community' criticism is valid
Okay, the negative feedback I've gathered about the $EIGEN airdrop is
- People don't like the non-transferability period
- People don't like the geo-blocked claiming website
Anything else?
allowing the average individual to hyper gamble on sports & in casinos nonstop but disallowing them from investing in private stage companies bc of accredited investor laws is one of the most anti-American regulations in the U.S.
Memes coins are fun.
But when they suck the oxygen out of the room and snag all the attention they become annoying.
I hope we do more this cycle than memecoins.
@scottmelker The crypto market, like any other investment space, is prone to bubbles and bursts. It's essential to differentiate between hype and genuine value, and to be prepared for the possibility of significant market corrections.
Gun to my head, I believe that we are just at the start of a major bull run for both Bitcoin and the broader Crypto market in general. I think that we will likely see a huge bubble and that coins with no fundamental value will also skyrocket before it inevitably pops.
That said, I am prepared to be completely and utterly wrong. I see incredible froth, exuberance, and people speaking with absolute certainty about their future wealth. I’m seeing 10 deals a day hit my inbox, most of which will inevitably fail.
This always gives me pause.
@dylanleclair No FOMO yet but many L1s and altcoins finally being listed. Major local exchange Bitflyer just announced DOGE listing for example.
Regs and exchange compliance much tougher here as it was ground zero for Mt Gox.
Retail mania is still a ways out.
My favorite metric is Coinbase—its iOS app currently ranks 40th within Finance.
In 2021, it was continuously ranked #1 in Finance, and on several days, was #1 across the entire App Store.
When retail shows up this cycle, I expect fresh ATHs.
@blknoiz06 Actually Bonk is also strongly correlated with BTC price, not just Sol.
It actually requires both BTC and Sol to go up, not just Sol.
The reason for shitty bonk price now is also because of BTC chopping
@blknoiz06 brother i’ve seen BONK die against SOL going up too much the past few. Sol up doesnt mean Bonk up, but one thing for sure is if BONK up, SOL to the moon
they say it's important to familiarize yourself with the wisdom of the crowds in these markets
just saw someone ape 90k into a $2m mcap shitter on sol
he is down $60k an hour later