Cheesebaron

u/Cheesebaron


r/CryptoCurrency•

Maybe I don't understand things correctly by missing something obvious but if not, am I correct that it almost doesn't make financial sense to provide stETH & ETH liquidity at curve with the current Lido staking rewards (~5%) and the Curve APR (~2.5%).

My simple math looks as follows (let's assume for the example that I have $100):

  • If I put 100% into Lido, I have $105 in a year ($100 stETH @5% = $105)

  • If I want to put it in the curve liquidity pool, I have to keep $50in ETH and add it with $50 stETH ($50 ETH @0% = $50) + ($50 stETH @5% = $52.50) = 102.50 before the curve rewards of 2.5% ($102.5 @ 2.5% = 105.0625) with the curve rewards.

So the overall difference is really tiny ($105

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I have the following questions regarding the moon retention karma multiplier:

  1. In case I have sold more than 25% of my moons, will I be able to buy them back to regain the full 1.0 multiplier or do I need to earn them?

  2. Is the moon balance used for calculating the multiplier averaged during the whole duration of the round or is it simply checked when the snapshot is taken?

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r/CryptoCurrency•

Every now and then we hear or read something that simply 'clicks' in our head. A message so simple and specific for our current situation, that you just can't get it out of your head anymore.

For me it was when discussing investing with a friend. Back then I was really conservative with my risk tolerance and wasn't involved at all with stocks or crypto. I said: "You know, I just don't want the exposure to risk. With a savings account I know what I have."

He responded with: "Ah, you are 100% long USD!"

This really resounded with me and I understood that I am actually betting on the success of the dollar. It made me realize, that diversification into stocks, real estate, commodities and cry

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r/CryptoCurrency•

The crypto world sure is exiting, as new technology emerges new opportunities are also created. However, as there are a lot of new projects appearing every day and unfortunately not all are of high quality. Some are just poorly thought out and others are outright scams.

If you have been involved in crypto for more than a minute or two, you've probably come across a questionable project already.

As we definitely don't want to lose our hard earned money on some dodgy project that turns into a scam, it is important to stay sharp and avoid those.

What do you look out for before you take the plunge and invest your money? Do you look at their white paper, do you thoroughly examine the team or d

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r/CryptoCurrency•

If you do, I'll gladly hear on what kind of projects you are working on.

I myself do not work in crypto, but rather for big pharma. However, I do still have an anecdote to share:

Some years ago (when all corporation's where excited about Blockchain "Blockchain not Bitcoin" 🤣) the company I work for started a workshop /idea session to generate "Blockchain ideas"

I thought, I'll take a look, mostly just to see what others think about Bitcoin and Ethereum. Out of the about 10 participants I think only one or two 'got' it. All the others were full of buzzwords but clueless. I still remember one staying: "Bitcoin is a 'write once, read many' kind of system".

Anyways, about 20 ideas were submi

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r/CryptoCurrency•

Discussing crypto with family is an often discussed topic in this sub.

Today, however I want to turn things around! I don't want to discuss how you talekd about crypto with your family but rather what advice or 'wisdom' your family gave you.

My personal favorite my parents used to say was: "Money doesn't grow on trees."

I like it because it is almost true since Dollar notes are made from cotton which grows on shrubs and most other currency is made from paper, originating from trees itself.

What wisdom or anecdote was shared in your family and did you follow it?

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r/CryptoCurrency•

We all know the popular Bitcoin meme of ♾️/21M and it's strong advocates for a supply cap.

On the other hand gold bugs will argue that gold was the successful monetary standard of humanity for thousands of years, however it doesn't have a capped supply.

In fiat land we see what unlimited supply of money can do to an economy. In many countries prices of everyday goods have been raising significantly in recent times.

Yet we see many successful cryptos with 'unlimited' supply. Does it matter?

Should supply be capped or does rate of inflation (new supply) matter more?

How much new supply does not create inflation in prices of goods?

Are there risks with currencies that have capped supply?

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r/CryptoCurrency•

My anecdotal crypto story and how this community changed my perspective.

But first regarding the title of this post: How can you go from OG to newbie, shouldn't it be the other way around?

I am glad you've asked! You are right, of course I didn't go from OG to newbie, it was merely my perception of myself that changed. You see, I first got into crypto back in 2017. Mining Ethereum with my GPU and Monero on the CPU, running my own nodes and wallets. Back then my Ethereum node and wallet of choice was called 'geth'. Unfortunately the time of running my own Ethereum node was short lived as the blockchain soon exploded in size and my Computer couldn't keep up anymore. Over time I mined a few o

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