The lockdowns would not be needed if not for those who refuse to wear masks. A lockdown is needed to contain the area of contagion to small boundaries. Once that is done and the virus has played out amongst the infected hosts, the rest can resume normal lives with masks and a bit of social distancing.
Unfortunately, people just want to go ahead and celebrate with a big party the moment the lockdown lifts. The cycle keeps repeating with scared leaders and a citizenry that sees lockdowns as infringement of their rights.

How much entertainment do these people need??

It is indeed inspiring to read these threads about people having chosen the better thing to do when faced with temptation and greed. OPs third example reminds of the lofty ideals that bitcoin started with. It can also be linked to the lofty idealism that young people generally have before jobs and having realized the power of money.

The above quote is reminiscent of the way young people think that the world is BAD the way it is and they need to overthrow it. People gradually realize that there are no easy solutions when it comes to the problems of the world. It is easy to blame the establishment but it is a dangerous game when you do not have a working alternative. It is also prudent to ask then if bitcoin has become enough of an alternative to change the existing power structure?

These rants sound like the worm decided to replace Trump as the next bully who thinks he can gain power demagoguery and saying things about "draining the swamp".  He has been trying to preach to a lot of people about him being the real Satoshi but till now, he could not draw more than a handful of articulate or decent individuals. All he could muster has been a lot of wannabe scammers who want to have a chance at being a "Bitcoin" OG. Others he attracts are equally deranged and the kind of people who love to piss against the wind just for the heck of it, not bothering about getting their pants and feet wet with their own excrement.

When all that has failed, he has resorted to this sort of hyperbole and intimidation about lawsuits and tracking transactions and what not. While nobody should care about his rants, he does talk about targeting individuals and clearly talks about litigation to make their lives difficult. If such a time arises, the community will have to rally to support the individuals against any of that funny business. I hope Bitcoiners can find the right resources and motivation to do that.

Someone explained that this was an old proposal which never actually made it to even a bill. This sounds pretty much a mad plan. People would stop buying real estate, stocks and would basically stop owning ANYTHING, lest they need to pay taxes.
This would still align with another radical vision about a future when everything will be rented and nothing will be owned by the people. They are all pretty happy working and earning paychecks while everything has become a "service". I doubt any government can ever implement something like this without having a total revolution of sorts.

If you will go through there whitepaper, blog and medium posts, you will see that this isn't really about the token but about making a product similar to traditional finance. The price depends on the value that people attach to "governance" of their products when they will be public. The initial product being worked on called as "Smart Alpha Bond" allows anyone to buy crypto investments rated according to their associated risk. Thanks for going through and your opinion. Do join discord and take part in the discussions. Do take a look at some of the initial Project calls where Tyler discusses about his vision for the project.

I found the project on my own just going through the jungle that is DeFi. I have been staking a little amount on their website and have been in their discord since November'20. The BarnBridge team wanted a post on the BitcoinTalk forum. They had an incentive for it in the form of added recognition in discord and an NFT. I am quite interested in what they are doing and wanted to be more involved with the project. I offered to do it to and let people on forum know about BarnBridge.

Now that you ask, I'll confirm from the team if they want this to be an official ANN and whether I should call myself a community manager? Additionally, If being the "Official" ANN means that the real team is in touch and they will be available on the thread at some point then yes, this is an official ANN. To be frank though, I only really consider devs and the brains to be part of "teams" in crypto. There isn't much community management to be done here as there is no bounty thread etc. The idea is for the community to self manage. The thread will in no way encourage you to buy the token based on speculation. If you think that risk-based derivatives can be a thing in crypto and that their "governance" would have some value, then you can choose to buy. One thing I would say is that its a lot of work understanding this product if you are from a non-financial background like me.

There are no easy answers to this question. While everyone loves to quote Moore's law, they forget that Moore's law was enabled by a decreasing transistor size and lithography techniques. Already at 7nm, industry is finding it hard to justify the increased costs of producing the chips compared to the incremental speed benefit from them.

The power consumption and transistor sizes are reaching fundamental limits. Although research is still ongoing, even if we find miners that are faster and infinitely low power consumption, then bitcoin will have at one point evolve usage volumes and fees to such a level that the fee market can remain attractive to the miners.

The mining industry has to be seen similar to other industries that evolved over time like Railways, Power plants, Smelting etc. Continuous returns and a desire to squeeze more profits ensured that these industries continued to evolve along with more money poured into developing technologies for them. Right now, that revenue is the healthy block subsidy. When it reduces to very low levels, the industry will have to find a way to continue the profits. This is why growth of L2 solutions and then applications/ services on top of them are important.

Your signature explains why you think this is the "end game". It feels great to imagine this sort of "imaginary" life when you are young and your body can take all the abuse in the form of irresponsible habits and watching endless anime. Sooner or later, you will come to realize that the world doesn't care about anime, Matrix and no matter how hard you will it, the Riders of Rohan will never be a reality.

There was a post by nullius inviting Trump to use Bitcoin. Though you'd have to be on something like Gab or any other platform that going to allow him to communicate.
We all pretty much on one thing. These evil banks have no business declaring themselves suddenly on the right side by closing Trumps' account. As if they will do it for the millions of other entities they enable to maintain an iron-grip on the poor, raw material sources of the world and drain wealth towards their wealthy patrons.

They have their own chain right? And they have been at it for the last over a year after a successful round of raising funds. There are several such projects in crypto at the moment. With all such projects, I have a, dare I say, Golden advice. Do not buy their tokens for speculation. Try to build with them and contribute and see if you can "Earn" something rather than putting your own money into it.

The biggest problem in this space is too many speculators as well as too many professional traders who are ready to benefit from your naivete. You may think that you can find the "gems" and get out at the right time. Unfortunately, those who move the markets in these mid-cap and small-caps are far smarter than you. You will only end up losing your sleep and money speculating with them.

If it is something you can build on or build with then that is the best way to gain exposure. If every single bounty hunter in these threads followed this simple advice, we would single-handedly (more like many-handedly) change the face of crypto.

Those of you who may have checked the website would have noticed that there are 3 pools on the launch platform. The third pool allows you to stake $BOND to earn more of it. This pool will be closed this sunday and the BarnBridge DAO will launch soon thereafter.

The DAO will essentially be a way for the community to engage in decision making through discussions as well as voting with their BOND tokens. This will require you to lock the voting tokens for a certain period. Longer locking periods give you more voting power.

The DAO will also support what is called "The Diamond Standard" for upgrading contracts in a modular way. For the technical details, I encourage any of you to read and discuss downthread.

For more details and features of the BarnBridge DAO, Please check this Medium post.

Reserved for post explaining Risk Tranches.

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With this paraphrased introduction from the Barnbridge Whitepaper, I am glad to have the pleasure to introduce BarnBridge and its team to the Bitcointalk forum. I came across them while exploring the DeFi and Farming business that has taken over much of the Alt-Coin space in the last few months.  I personally believe that at its very foundation, DeFi has been enabled by the performance and security of Bitcoin. DeFi allows holders of cryptocurrencies to lock money (as stable-coins or Custodial wrapped BTC) and earn "Yield". This is a lot like how banks used to provide interests on deposits. The difference is that unlike banks; there is no institution, building, managers, the sexy receptionist and associated expenses/fees. All of that overhead is replaced by a very non-sexy smart-contract. The survival and growth of your deposit depends on the bulletproof-ness of that Smart contract. It has to be kept in mind that several Hundreds of millions have been lost in the last few months through exploits. This is why it is necessary to have a trustworthy, public team committed to their goals who aren't just selling tokens to unsuspecting crypto-newbies.

Till now, the safest method of earning yield is to lock stable-coins and crypto on platforms like Balancer, UniSwap, AAVE, Compound etc. The platform uses those deposits to match lenders and borrowers and earns the difference, while splitting it with the liquidity providers. The risk, relatively speaking, is low and so are the returns. If you want higher returns, there is a whole array of risky speculative projects which will make you lose money.

The team at BarnBridge is attempting to bring a greater variety of financial instruments to DeFi which will allow people to choose from options based on their own risk tolerance.


BarnBridge allows anyone to lock three types of stablecoins, USDC, sUSD and DAI and earn their $BOND token. There is no ICO but there has already been a private seed investor round allotting 7.5% to investors, 2% to advisors and 12.5% to core team. This is what the website looks like:

Apart from locking stablecoins, you can also earn $BOND by following two methods:
1. Providing Liquidity on Uniswap*
2. Staking Bond tokens (Remaining 2 weeks out of 12 weeks)

The reward from above 3 methods are distributed every week. The rewards scale on a pro-rata basis through the week depending on how long you were staked continuously before the finish of epoch (End of Sunday).



In the vein of all DeFi protocols, BOND is the governance token with the following distribution cycle:

Here are the links to discover more:


In the DeFi space, you need to understand and know what project you are going to spend your time and money on. That is the biggest risk of all. This is all a growing space and knowledge is your friend. Head over to discord for meeting the team and a great bunch of people ready to answer all your questions. I have been there for some time trying to get my head around the financial model for the risk tranches. You can find me there as @amish. You can also ask your questions in this thread. I also hope to have someone directly from the team to answer the queries as well as informative posts related to the financial products.

The team does fortnightly project calls where a group video call is broadcast on youtube explaining about the background work. All the previous calls and the notes are also available on Github.


* Providing Uniswap Liquidity has the risk of Impermanent Loss caused due to fluctuations in Token Value.


DISCLAIMER: If you are new to DeFi terms and platforms, you are welcome to ask me via PM. This thread is not financial advice to put your money on the line and there is no "Announcement" for ICO or Bounties. This is not a get rich quick scheme and buying the token on Uniswap gives you no guarantee of returns. As always, Do your own research and never invest more than you can afford to lose.

Its pretty easy to verify locked value by checking the contract address on etherscan You are right about the low volumes of DAI and sUSD. sUSD is from a project called Synthetix. Most of the locked value is in USDC for now.

Thank you for pointing this out. Fixed it.

Locking this now. I do understand that people have no reason to behave nice in a space filled with frequent scams. I will be open to answer any questions as long as they are not trolling.

Please find the self-moderated version of this thread here.

If someone finds Litecoin to be better, they can always choose to use it the way they want. A lot of people do use it to move funds from centralized exchanges as its cheaper to do. if enough people use it and it gets as popular, who knows, it may well get to the same point as bitcoin.

The argument about lower blocktime giving more of an opportunity to generate fees is interesting though. Don't know if this is an over-simplification but in 10 minutes, it will process 4 times as many transactions getting the fees. Reducing blocktime may well be one of the scaling options in the distant future for Bitcoin itself.

Reserved.

Reserved for post explaining Risk Tranches.

The self-moderated version of this thread can be found here

lonely "e" for me.

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Its surprising that this fellow replies to you even though his last post on the forum was in 2017. I would like to know the story behind it. What was this "online game" about? Have you tried any of the blockchain games?? Frankly though, even if its your Alt, there is no problem in letting us know. That guy had good posts but looks like he gave up after doing a few bounties. We have all done "bounties" at some point.

Guys like you still in college (I guess) and bringing technical know-how and time to the forum and Indian sub are something we need more of. Looking forward to you growing in the forum and contributing.

TThey did an ICO in 2017-18 and raised ~15 Million USD. Their "CEO" then attended every possible blockchain meetup he could and uploaded videos with people interviewing him. Every Indian knows that being interviewed by an Angrez is the ultimate symbol of your legitimacy...LOL..Sarcasm notwithstanding, they are flush with cash to spend on offices, marketing etc. That kind of thing requires lot of legal fees and expenditure in the west. In India, you can make do with a bit of "adjustment".

So they partnered with one of those "Credit co-operatives" that are in every Indian city where merchants take their loans from. While it may not be legal to call themselves a bank, they have a website platform and an app where you can buy and sell some crypto. They are planning to expand it to give out crypto backed loans. The plan i think is to basically do what the credit co-operatives do, with crypto added to the mix.

Seriously though, this space is so new that people will throw money at you for working openly in it.