lynx234

6 ms·

1.
by lynx234 4y ago
It helps that the author already had 70k followers to get momentum on a post. The average user wouldn't have gone viral with those same tweets.
2.
by lynx234 5y ago
I agree with what another commenter said about getting some money and trying it out for yourself. I'd add on though to try out some DeFi protocols as well. Using things like DEXs, lending protocols, and yield farms. Experience is the b
3.
by lynx234 5y ago
Saw this earlier: https://twitter.com/disclosetv/status/1445100931947892736
4.
by lynx234 5y ago
USDT is printed out of thin air (which is why I didn't mention it). USDC is a bit better and more transparent. DAI is decentralized and backed by collateral. There's been a lot of talks of regulating stablecoins to ensure backing,
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by lynx234 5y ago
Yea, it's a lot of foreign concepts. Bit of a learning curve to it. Whether or not the incentives are great enough so that the public goes past the learning curve is going to be interesting to see.
6.
by lynx234 5y ago
The tech is there but mainstream adoption and understanding is still coming along. It's incredibly easy and cheap to send USDC or DAI to OnlyFans if they accept tokens on a sidechain (like Polygon or Fantom). You don't have to sig
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Decentralized derivatives exchange launching on Ethereum Layer 2 Arbitrum(theblockcrypto.com)
3 points by lynx234 5y ago|0 comments
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by lynx234 5y ago
Yea, but you can break the paper trail behind the funding coins if you want to. Would use something like Tornado or Monero.
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by lynx234 5y ago
"Eventually you end up with the worst of both: a centralised system wrapping a phony pretense of blockchain. All of the energy waste, and none of the decentralisation" The author presents themselves as familiar with blockchain app
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by lynx234 5y ago
> One part I’m unclear on: if someone outbids him, do only they get the token and pg pays nothing, or do both pay and are the contributions etched into the NFT? No, only the person who wins the bid gets the token. I typically defend the
11.
NFTs are not 'GIFs that burn the Amazon'(dailydefi.org)
1 points by lynx234 5y ago|2 comments
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by lynx234 6y ago
this is where decentralized exchanges like Uniswap come into play, no KYC, no account
13.
by lynx234 6y ago
For people holding crypto assets which they don't plan to sell, it's a valid way to borrow other assets for use. Potentially for other investments. Definitely not just for criminals. And overall, it's a demonstration of a fin
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by lynx234 6y ago
> Cryptocurrency solves absolutely none of the existing legal reasons that banks can't issue large loans in minutes or seconds to existing (or new, well collateralized) clients. Yes, this is definitely correct in that crypto does no
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by lynx234 6y ago
You do realize that's a characteristic which gives decentralized finance an advantage over traditional financial institutions, right?
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by lynx234 8y ago
Correct, but I believe the LinkedIn report was in reference to LinkedIn users. Many of which are not looking for warehouse positions.
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by lynx234 9y ago
It sounds like you want to build a successful business, but end up building another coding project. I think that this is very common withs devs and the vision involved in each (business vs project) is incredibly different. For one, a good b