We all knew one day it would finally come and those coins would move. Bitcoin at the moment isn’t really shaken up by the market. As you can see there was not much movement due to the news. Maybe because it’s another 4-5 months before it’s actually sent to the retail users.

Bitcoin might survive this dump but I wonder what will happen to BitcoinCash. I am sure many will want to hold some bitcoin but Bitcoin cash most likely they will liquidate. Should be interesting to watch.

Most start ups would rather get loans but the problem is that most banks don’t want to lend out money to start ups because a large percentage of them fail and when it fails they don’t get their money back.

Getting a loan for an old business is different because those actually generate profits right away. Say somebody getting a loan to finance a McDonald’s location. That is pretty low risk to the bank. But a start up is completely different because it’s an idea which might not pan out.

So they have no choice but to get investors and sell them some equity in the business. It’s because the investor is taking a huge risk in lending out money.

I remember when it became popular to "spend your stimulus check on Bitcoin" back in 2020 and 2021. Back then bitcoin wasn't really going anywhere unlike the stock market. So many people suggested it would of been better to just buy GME with that $1200.

However after it started to rally and Elon started to buy, its when all these $1200 turned into $XXXXX started to pop-up. However later on it was pretty much too late, bitcoin rallied hard and the ship has sailed. Wonder how many actually held till now if they actually bought bitcoin with the $1200.

It might put in a lower usage to debit card use but credit cards will still have a lot of volume for 2 reasons.

1) Someone doesn’t have the cash to buy something so they can only do it on credit and they use the credit card.

2) Credit cards pay rewards for all purchases like 1% for groceries, 2% for gas , 3% for restaurants and as long as it’s paid off, no interest is charged and you get to keep the rewards. Hence the reason why so many people are paying for everything by credit card these days.

One thing you are forgetting is that there is no guarantee that gold or crypto or the nasdaq 100 will go up enough to keep up with inflation. It can trade sideways or worse go down.

There is something called TIPS, it stands for Treasury Inflation Protected Securitites and these are basically bonds but their coupon pays the CPI rate yearly. This way you don’t have to worry about investing in some stock which ends up losing 20% in a years time.

They could have their own bank but that’s not the goal of stablecoins. When stablecoins were first released it was so users could transfer money from exchanges such as Bitfinex to exchanges which had tons of altcoins which the bigger exchanges didn’t have.

So the user wouldn’t need to sell their US dollars, buy bitcoin, send bitcoin to some alt exchange and then sell that bitcoin for US dollar and finally buy what alt coin they want. This is too many transactions and hence why stablecoins were introduced because you could send back and forth between exchanges.

There is no point is having a bank for stablecoins however. Just send to your exchange, sell for fiat and withdraw that fiat to your bank and buy whatever you want.

Yes you guys are right. The APR rewards is not in the stablecoin but it’s paid in the native token. So for ZK finance you are paid in ZF. Looking at the chart of ZF it’s declining but not that much.

So I guess it makes sense. They pay these huge APR but issue it in their native Token and hope most people don’t sell the token and use it instead.

Ok makes sense. I assumed it was some scam going around.

Thanks for the replies.

Yeah I was just going to mentioned this. I first started to accumulate Tether when I traded it on Poloniex. It was the first exchange that supported stablecoins I think.

And back then it was only available on the bitcoin networking under the OMNI network. Only years later it was added under Tron and Ethereum.

After the competing chains started to show up, the volume quickly died on OMNI network. Many reasons. For one it took a long time for the transactions to confirm like Bitcoin transactions and another is that the transactions were large. And this was at a time of high fees and hence many found it easier to use ERC20 tokens on the Ethereum network.

Keep in mind that it can be simply variance. There are times when we get like 10-20% more daily blocks than normal and then we will have -10-20% days and we will average out.

Yeah the halving means that the block reward is halved but most of the miners these days are large commercial farms and not retail individuals mining in their basement. They knew about this halving a year back and adjusted and bought more efficient gear.

So I know there are a few places where you can be a LP and gain about 4% APR for your stablecoins like USDC and USDT.

You can also just keep it in your US savings account or buy bonds and get 5-6%. This I understand.

But I keep seeing these protocols like Mute.io which is KOI now and Zk Finance and they claim they pay 20% for staking your stable coins.

You need to add it to the pool and then add it to some farm. And you get 20%. My question is where is this 20% coming from?

On many LP you only get 3-4%. And they are paying 20%. I would understand if this was some memecoin which gave 20% APR because those are at risk of going -90% but for a stable coin, paying 20% almost sounds Ponzi like.

What is going on here ?

I pretty much tried everything. Only solution was to use a different browser, Firefox and it loaded right away. So it’s not my internet connection.

With chrome I tried everything, clearing cookies, nothing. Then I cleared the cache and same problem. So I gave up and just tried a different browser.

Everyone wants more money because more moneys means you have a greater life for yourself and your family. This isn’t to say that money will make you happy. But the general consensus is that money will in fact make it easier for you in life compared to having less money.

Those that are addicted to money and take risks with it are different. Many go and gamble their money because they are greedy and want more. There are many that take high leverage futures trades because they are greedy instead of just investing in spot. Or they don’t take profit from some alt coin that doubled in value because they think it might 10x. And it’s the greed which turns to fear.

Right now it’s not uncertain times, we are still in a bull market. Blackrock etf is still adding bitcoins to their portfolios for clients who buy the etf.

Uncertain times are more like 2015 or 2019 where we weren’t sure if crypto was dead or not. Price went nowhere. People just withdrew their crypto because market was not going anywhere.

Those are not the same times as now.

Physical casinos in general don’t like gamblers that win money. They don’t care if some tourist in Vegas wins 3-4 figures but if you are a regular which keeps winning 4-5 figures every visit, they will suspect you are cheating and ban you from the casino.

Go on YouTube and search for “gamblers beating Vegas” and you will see some that won in the past and got banned or they are gambling right now and get banned from every casino because they are profitable.

In a recession, luxury items that you listed still go down in value. People lost their businesses and many of those possessions like Ferraris are all on credit and they are the first to go when money is tight.

I watched a documentary how someone spent like $20K on some wheels and tires for a Lamborghini. The car was worth more than that and later they defaulted on the loan and the car barely fetched enough money to even cover the price of those wheels and tires. Nobody had money back then and no credit.

So luxury items were still affected.

DeFi is already a success, I am not sure about the latter you are asking about however.

DeFi is important because it prevents customer funds from getting lost like it happened with various exchanges throughout the years such as MtGox, FTX, etc. With DeFI you pretty much self custody your crypto and you can exchange it whenever you want without having to rely on a CEX.

Look at the Defi volume on Coinmarketcap or other various websites, you can see that it grows every year. There are many traders now who only use CEX for fiat on and fiat off ramp and they do all their trading on DEXs.

I have an old Rollbit account that I wanted to access however I am wondering if people are getting issues with the site.

When I load it in Chrome, it opens up, I can see the website load because its blurry and there is loading in yellow shown, a few seconds after the website reloads and again, the website loads in the background, its blurry and the loading wheel appears and it does this over and over again. It worked in the paste but I can't get it to load. This is on a regular PC and not on mobile. Any solutions?

What do you mean by house edge working in reverse mode? Sure when a player doesn't lose the casino loses but you need to realise that casinos whether in crypto or physical casinos in Vegas, they rely on thousands of bets and gamblers. There will be a few here and there which will make the casino lose money but with a huge house edge of 2% it means the casinos will for sure to profitable long term.

The answer the OP question. Why do some sites have higher house edge than others? Well a new casino needs to spend more capital to keep running compared to a older and larger casino, hence they need to charge more house edge to stay in business. This is similar to how many new businesses aren't profitable for the first few years because most of their gains are offset by their expenses. Hence some businesses charge more if they can of course, just like the casino that was mentioned by the OP.

Thank you for accepting me. Looking forward to a long term business relationship.

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