Cryptocurrencies

[Dave86ch]

15 hours ago, [email protected] said:

1. Agree. Bitcoin got first mover advantage with very good brand as a store of value asset. But Bitcoin have some long tail risks like: security budget, centralization, quantumn. Also Bitcoin requires Custody to sell/buy. Most BTC are sell/buy on centralized exchange curently.

2. XRP is not serious tech I think. Bitcoin L2 is an idea copied from Ethereum. Bitcoin L2 cannot compete with Ethereum L2s because of Bitcoin constrain in Data Avalability/Tech.

3. Prety sure many people including Elon Musk used Polymarket during last election. Polymarket is build on Polygon an Ethereum sidechain.

4. Stablecoin is a real world use case. A lot of people in EM use USD stablecoin to store value. Tether the largest stable issuer making 14B profit last year with about 100 employees. Ethereum has largest market share in stablecoin(>60%).

5. Having said that, agree that Crypto still early and need more break out app. Biden admin tried to kill crypto last 4y did not help. Hope this admin can fix that.

 

The Lightning Network is pure magic—private transactions at the speed of light with near-zero cost. It came before Ethereum's L2s and has nothing to do with it.

 

Bitcoin’s Taproot upgrade unlocked the ability to issue stablecoins on the Bitcoin protocol, which Tether is now leveraging.

Edited February 12 by Dave86ch

[[email protected]]

1 hour ago, Dave86ch said:

 

The Lightning Network is pure magic—private transactions at the speed of light with near-zero cost. It came before Ethereum's L2s and has nothing to do with it.

 

Bitcoin’s Taproot upgrade unlocked the ability to issue stablecoins on the Bitcoin protocol, which Tether is now leveraging.

 

The Lightning Network is a side chain from what I know so its has security trade off. That's one of the reason it never really take off after long time.

Ethereum Layer 2 is modern tech and see real adoption through user base and asset base.

How much Stablecoin USDT on Bitcoin compared to Ethereum?

 

Metrics of Ethereum Layer 2s.

https://www.growthepie.xyz/

 

Edited February 12 by [email protected]

[wachtwoord]

Of course there's a security trade off ffs. It's lightning, it's for low value transactions that don't need the security of yransactions worth many millions.

 

It really looks like you didnt do any research or understand anything about this topic. All your claims are either fundamentally flawed or are missing the forest for the trees.

[[email protected]]

29 minutes ago, wachtwoord said:

Of course there's a security trade off ffs. It's lightning, it's for low value transactions that don't need the security of yransactions worth many millions.

 

It really looks like you didnt do any research or understand anything about this topic. All your claims are either fundamentally flawed or are missing the forest for the trees.

 

I provided arguments and evidence for what I said about Ethereum Layer 2(and other things).
That security trade off makes Lighting old tech compared to Eth Layer 2/Rollup. And could you provide your evidence about the adoption of Lighting after over 7 years? 

 

Edited February 12 by [email protected]

[[email protected]]

Here is addition data from Claude AI:
 

Let me help analyze the adoption of Bitcoin Lightning Network (LN) compared to Ethereum Layer 2 (L2) solutions. Since my knowledge cutoff is April 2024, I'll focus on the trends and metrics up to that point.

Key Metrics Comparison:

1. Total Value Locked (TVL):

• Ethereum L2s: As of early 2024, the major L2s like Arbitrum, Optimism, and Base collectively held over $35 billion in TVL
• Lightning Network: The Bitcoin locked in Lightning channels was significantly smaller, around $200-250 million in total network capacity

2. Active Users/Addresses:

• Ethereum L2s:
  • Arbitrum: ~500,000-700,000 weekly active addresses
  • Optimism: ~300,000-400,000 weekly active addresses
  • Base: ~200,000-300,000 weekly active addresses
• Lightning Network: More difficult to measure precisely due to its off-chain nature, but estimates suggested around 100,000-200,000 active nodes/channels

3. Transaction Volume:

• Ethereum L2s: Combined daily transaction volume across major L2s regularly exceeded 1-2 million transactions
• Lightning Network: Daily payment volume was harder to track due to its private nature, but estimates suggested hundreds of thousands of transactions daily

4. Developer Activity:

• Ethereum L2s: Very high developer activity with multiple teams building infrastructure, applications, and tools
• Lightning Network: Steady but smaller developer ecosystem, focused primarily on payment applications and wallet infrastructure

Noted that Ethereum Layer 2s had growth bigger from Apr 2024 until now.

[TwoCitiesCapital]

13 hours ago, [email protected] said:

 

1. Supply/hardfork issue. Both Bitcoin and Ethereum has goverment at social layer. Meaning that the economic policy can change if community agree.

Now this is very hard to swallow but Bitcoin with 21M hardcap supply can also change if the community agree to hardfork. 

Bitcoin hardfork had happen in the past and will happen in the future as well.

 

The difference is that the community is truly decentralized with BTC and any hardfork fails because the weight of inertia to move to something of unproven value from something of proven value is a hard pill to get the majority to swallow. The game theory here supports the OG chain in any outcome. 

 

13 hours ago, [email protected] said:

 

2. The rewriting history of Ethereum is true in 2016 DAO hack. But this is just like a normal hardfork.  Anyone dont agree with the hardfork and want to continue with no rewriting version, they can follow new network called Ethereum Classic. This is a goverment at the social layer. 

Bitcoin also had the hardfork in 2017 as well and anyone dont agree with the hardfork can continue with new network called Bitcoin Cash.

 

Current version of Bitcoin and Ethereum both are harkforked version.

 

It wasn't a hack. It was a flaw in the code that was exploited. The code worked exactly as written. 

 

And "anyone" can use the Ethereum classic chain? Sure. But when the control was largely centralized within the Ethereum Foundation, and they backed rewriting history and supporting the new chain instead, it basically all but ruined the OG Ethereum chain overnight by moving all liquidity/support/development to the new chain leaving the old one for dead. 

 

When it comes to changes in the protocol - all  matters what the community wants. If the community is controlled by a handful of centralized entities, like ETH is/was, then it only matters what that handful wants and everyone else is just along for the ride. 

 

BTC relies on control being separated between different participants with different priorities and influence is NOT based on the size of your stack - like a checks and balances. And ALL parties incentivized to support the price of BTC and making hard forks risky to jump from the chain with all liquidity/support/function to a new chain that unproven and has none of those things. Not to mention we now have a history of failed attempts further dissuading future attempts. 

 

Unlike Ethereum, the primary BTC chain is the OG one because its design was successful and decentralized. ETH was centralized, those entities pushed to rewrite history, hardforked a new coin, and then asked everyone to forget about the old one. That is how it is different. 

 

12 hours ago, [email protected] said:

Centralized ledgers are similar to Intranet Network while public blockchain as Ethereum is similar to Internet Network. Public/Open Internet democratize access/publish information. Public/Open Blockchain democratize access/publish value. People predict most assets will be tokenized on Blockchain: Fiat Currency(through Stablecoin), TBill, TBond, Corp Bond, Stock, Real Estate, Crowd Funding, IP, Art Collection...

Think $100T of assets will be tokenized and trading 24/7 Globally on public blockchain. 

See this from Larry Fink of Blackrock: 

 

 

I don't disagree that some items may be tokenized. I largely disagree that Ethereum will be the platform for listing those tokens as I see limited utility gained from a decentralized network outside of individuals in sanctioned areas getting access to global liquidity...which monetary authorities have an incentive to stop and know exactly who to go to to get it done since the network is significantly more centralized. 

 

11 hours ago, [email protected] said:

 

It's true that a lot of yield in DeFi is still circular. But real world yield from TBill/TBond also presented in DeFi on Ethereum. For example, if you hold USDC on Coinbase Wallet, you get 4% yield. This yield is from TBill. BlackRock also has tokenized money market fund BUIDL on Ethereum that offers tbill yield.

 

The 4% yield from Coinbase is a promotional offer to get you to hold USDC instead of Tether (any other stable coins) because Coinbase owns an interest in the company that issues USDC. The token/stable coin itself pays nothing which you would notice the moment it transfers out of Coinbase to any other wallet.

 

It is NOT the pass through of interest earned on the stable coin reserves. It is no different than JPM Chase offering me $600 bucks to open a checking account or Bank of America offering me 0% interest on balance transfers for 18 months. 

 

11 hours ago, [email protected] said:

Because of Liquidity/User. If you list your tokenized stock on Ethereum, you will have a chance to access hundred of billions of liquidity and millions of users. This is the same reason of lot of companies from foreign want to list on US market because of deep liquidity and rich users.

Tbh, the liquidity/user on Ethereum is still small when compare to NYSE/NASDAD. But things will improve/growth. Just think how online commerce(Amazon) has improved/growth compared to tradition retail(Walmart). 

 

Seems we have a chicken and an egg problem. Companies will move to it because of liquidity, but liquidity won't arrive until there are useful products and companies moving to it?

 

I still don't see the sell for Schwab, IB, Fidelity, etc. They have access to large global exchanges that are very large relative to anything Ethereum can presently offer. There is nothing stopping the exchanges/brokerages from partnering together to develop an intra-net like blockchain protocol between themselves that is jointly owned, operates 24/7, and allows greater liquidity and market access than any one individually can do. This is how Visa started with big banks partnering together for a global payment network. 

Edited February 12 by TwoCitiesCapital

[[email protected]]

13 minutes ago, TwoCitiesCapital said:

The difference is that the community is truly decentralized with BTC and any hardfork fails because the weight of inertia to move to something of unproven value from something of proven value is a hard pill to get the majority to swallow. The game theory here supports the OG chain in any outcome. 

 

This is not true. The current Bitcoin chain is not an OG chain. It is a hard forked version after 2017 hardfork.

[[email protected]]

26 minutes ago, TwoCitiesCapital said:

And "anyone" can use the Ethereum classic chain? Sure. But when the control was largely centralized within the Ethereum Foundation, and they backed rewriting history and supporting the new chain instead, it basically all but ruined the OG Ethereum chain overnight by moving all liquidity/support/development to the new chain leaving the old one for dead. 

 

When it comes to changes in the protocol - all  matters what the community wants. If the community is controlled by a handful of centralized entities, like ETH is/was, then it only matters what that handful wants and everyone else is just along for the ride. 

You are right that Ethereum Network quite depend on Ethereum Fdn in 2016. But now in 2025, things have changed. There are so many team/capital building on Ethereum outside of Ethereum Fdn. For example, Ethereum Fdn not even developd the client software but 4-5 different teams developed.

In short, Ethereum is really decentralized now. ETH ETF is the approval for the decentralize property of ETH.

Edited February 12 by [email protected]

[[email protected]]

28 minutes ago, TwoCitiesCapital said:

I don't disagree that some items may be tokenized. I largely disagree that Ethereum will be the platform for listing those tokens as I see limited utility gained from a decentralized network outside of individuals in sanctioned areas getting access to global liquidity...which monetary authorities have an incentive to stop and know exactly who to go to to get it done since the network is significantly more centralized. 

 

The number speaks for itself. There are already $220B tokenized USD on Blockchain. Of those $220B, $120B is on Ethereum. And the trend is clear.

[[email protected]]

31 minutes ago, TwoCitiesCapital said:

The 4% yield from Coinbase is a promotional offer to get you to hold USDC instead of Tether (any other stable coins) because Coinbase owns an interest in the company that issues USDC. The token/stable coin itself pays nothing which you would notice the moment it transfers out of Coinbase to any other wallet.

 

It is NOT the pass through of interest earned on the stable coin reserves. It is no different than JPM Chase offering me $600 bucks to open a checking account or Bank of America offering me 0% interest on balance transfers for 18 months. 

Yes, it's indirectly. But it's still pass yield. If you want to hold directly yield bearing stablecoin, there are many other options like USDM, USDY... from other stablecoin providers.

 

[TwoCitiesCapital]

14 minutes ago, [email protected] said:

 

This is not true. The current Bitcoin chain is not an OG chain. It is a hard forked version after 2017 hardfork.

 

My understanding is Seg Wit in 2017 was a soft fork with Bitcoin Cash hardforking off to change the block size to 32 MB. Either way, no transaction history was changed, the BTC that exists today is still backwards compatible with the version of BTC before that while Bitcoin Cash was not. 

 

BTC has thrived. Bitcoin Cash didn't and has since forked again and has had multiple instances of being highly susceptible to 51% attacks while some of its hard forks afterwards HAVE been attacked. 

 

7 minutes ago, [email protected] said:

 

The number speaks for itself. There are already $220B tokenized USD on Blockchain. Of those $220B, $120B is on Ethereum. And the trend is clear.

 

In something that needs to be measured in trillions, these are peanuts. Especially considering there has been no formal competitor. How much real world stablecoin/treasury tokens do you expect if/when the US releases its own fully backed/endorsed digital dollar? 

 

5 minutes ago, [email protected] said:

Yes, it's indirectly. But it's still pass yield. If you want to hold directly yield bearing stablecoin, there are many other options like USDM, USDY... from other stablecoin providers.

 

 

It is NOT. It is wholly independent from and unrelated to the yields. Yields could go to 10% tomorrow and Coinbase could decide to continue paying 4%. Yields could go to 0% tomorrow and Coinbase could decide to continue paying 4%. Yields could remain as is and Coinbase could decide to cut it to 2%. You move the USDC to another wallet and it doesn't matter what Coinbase wants, you get 0%. 

 

And while I'm sure it can be bypassed via VPN - neither of those stable coin issuers claim to pay interest to those within US domiciles for fear of being regulated as securities. And since they're not offered to US investors, what regulatory regime are you relying on if they make off with your money? 

[[email protected]]

35 minutes ago, TwoCitiesCapital said:

I still don't see the sell for Schwab, IB, Fidelity, etc. They have access to large global exchanges that are very large relative to anything Ethereum can presently offer. There is nothing stopping the exchanges/brokerages from partnering together to develop an intra-net like blockchain protocol between themselves that is jointly owned, operates 24/7, and allows greater liquidity and market access than any one individually can do. This is how Visa started with big banks partnering together for a global payment network. 

Enterprises are exploring Layer 2 on Ethereum. For example:

1. Sony launched Ethereum Layer 2 Soneium: https://www.sony.com/en/SonyInfo/News/Press/202501/25-002E/

2. Robinhood is deploying its USDG stablecoin on Ethereum: https://crypto.news/kraken-galaxy-digital-and-robinhood-back-usdg-via-global-dollar-network/

3. Deutsche Bank/UBS is building their own L2 on Ethereum as well: https://www.coindesk.com/tech/2024/12/18/deutsche-banks-l2-blockchain-to-be-public-and-permissioned-says-tech-partner

 

[[email protected]]

11 minutes ago, TwoCitiesCapital said:

My understanding is Seg Wit in 2017 was a soft fork with Bitcoin Cash hardforking off to change the block size to 32 MB. Either way, no transaction history was changed, the BTC that exists today is still backwards compatible with the version of BTC before that while Bitcoin Cash was not.

Just checked again. You are right. I was wrong on this one. 2017 was a soft fork. Sorry my bad on this.

[[email protected]]

20 minutes ago, TwoCitiesCapital said:

In something that needs to be measured in trillions, these are peanuts. Especially considering there has been no formal competitor. How much real world stablecoin/treasury tokens do you expect if/when the US releases its own fully backed/endorsed digital dollar? 

 

Yes. But the thing is it got to $200B in few years without even clear regulation. That's very impressive growth.
What do you mean by "when the US releases its own fully backed/endorsed digital dollar?" A stablecoin like USDC is 100% issued by Circle a US company? 100% backed by Tbill and Cash in Bank. 

Edited February 12 by [email protected]

[[email protected]]

16 minutes ago, TwoCitiesCapital said:

And while I'm sure it can be bypassed via VPN - neither of those stable coin issuers claim to pay interest to those within US domiciles for fear of being regulated as securities. And since they're not offered to US investors, what regulatory regime are you relying on if they make off with your money? 

 

BUIDL from BlackRock can offer yield to inst US investors.

But anyway, the point I tried to make is that many yield in DeFi is not just circular but come from real world as well. 

[Vish_ram]

I've a simple Buffett rule in evaluating investments. If something trades at $100B, then it has to produce 10% of cash that can be taken out at some point in the near future or now with moderate growth. 

 

ETH with 315B market cap should produce $30B/year to the owners of the token. Help me understand how we can get there?

 

BTC doesn't have to do any of this as it is treated as a store of value.

Edited February 12 by Vish_ram

[[email protected]]

14 hours ago, Vish_ram said:

I've a simple Buffett rule in evaluating investments. If something trades at $100B, then it has to produce 10% of cash that can be taken out at some point in the near future or now with moderate growth. 

 

ETH with 315B market cap should produce $30B/year to the owners of the token. Help me understand how we can get there?

 

BTC doesn't have to do any of this as it is treated as a store of value.

Thank you for your question. This is where it got really interesting and tricky, even I has CFA and decades of investing exp.

 

Ethereum current supply is around 120M token with the market cap is around $300B. Only 60M (half of the supply) are staked to get the yield. The yield is currently around 2.8%.

Why only 60M ETH is staked to get the yield? What does people do with other 60M ETH? There are many reasons for this:

1. People can get the yield higher than 2.8% from straight ETH from DeFi. For example, you can deposit straight ETH to lending protocol like Morpho to get 4% right now. In the previous months, the ETH yield on lending protocols are even higher: 20%, 30%... Why is that is for other time.

People can also got higher ETH yield by becoming the market maker on Decentralized Exchange like Uniswap.

2. A lot of straight ETH is deposited on Centralized Exchange like Binance/Coinbase for trading.  

3. People deposited ETH to Layer 2, other protocol to get Airdrop.

4. People hold ETH for consumption: buy token, buy NFT, pay for transacntion fee...

 

 

So your question is actually translating to: "Staked ETH with $150B market cap should produce $15B/year to the owners of the token. Help me understand how we can get there?"

 

 

Edited February 13 by [email protected]

[TwoCitiesCapital]

12 hours ago, [email protected] said:

Thank you for your question. This is where it got really interesting and tricky, even I has CFA and decades of investing exp.

 

Ethereum current supply is around 120M token with the market cap is around $300B. Only 60M (half of the supply) are staked to get the yield. The yield is currently around 2.8%.

Why only 60M ETH is staked to get the yield? What does people do with other 60M ETH? There are many reasons for this:

1. People can get the yield higher than 2.8% from straight ETH from DeFi. For example, you can deposit straight ETH to lending protocol like Morpho to get 4% right now. In the previous months, the ETH yield on lending protocols are even higher: 20%, 30%... Why is that is for other time.

People can also got higher ETH yield by becoming the market maker on Decentralized Exchange like Uniswap.

2. A lot of straight ETH is deposited on Centralized Exchange like Binance/Coinbase for trading.  

3. People deposited ETH to Layer 2, other protocol to get Airdrop.

4. People hold ETH for consumption: buy token, buy NFT, pay for transacntion fee...

 

 

So your question is actually translating to: "Staked ETH with $150B market cap should produce $15B/year to the owners of the token. Help me understand how we can get there?"

 

 

 

As someone who has experience staking - the yields aren't entirely real. You pay fees to claim them which eats up a healthy chunk of the returns. The tokens the yield is paid in fluctuate in value which can eat up a chunk of the returns. And then transferring to an exchange to convert to actual USD/stablecoin is a transaction fee that eats up a chunk of the returns.

 

In addition, pending how the staking is structured, if it results in a change of token (like staking in Yearn used to by giving you a Year pool token in exchange for your token deposit), then that transaction is taxable. As is converting back to your initial token when you withdraw it.

 

And the taxes? A nightmare. Every transaction consumes ETH as your "commission". That ETH has a gain/loss associated with it that then needs to be declared. Then, if you want to do it right, that gain/loss gets capitalized into the basis of whatever transaction/token you just took on further complicating forward calculations of gain/losses on tokens you've acquired. 

 

I have a ~$30-40k loss carryforward from staking in 2021 - 2023 despite the yields being "positive" the entire time. 

 

As far as market making, most market-makers are making returns sub-treasuries for supporting their token pairs. It's been awhile since I looked at the data, but is why I never dabbled in it back when I was staking because the gains weren't there. 

Edited February 13 by TwoCitiesCapital

[[email protected]]

10 hours ago, TwoCitiesCapital said:

 

As someone who has experience staking - the yields aren't entirely real. You pay fees to claim them which eats up a healthy chunk of the returns. The tokens the yield is paid in fluctuate in value which can eat up a chunk of the returns. And then transferring to an exchange to convert to actual USD/stablecoin is a transaction fee that eats up a chunk of the returns.

 

In addition, pending how the staking is structured, if it results in a change of token (like staking in Yearn used to by giving you a Year pool token in exchange for your token deposit), then that transaction is taxable. As is converting back to your initial token when you withdraw it.

 

And the taxes? A nightmare. Every transaction consumes ETH as your "commission". That ETH has a gain/loss associated with it that then needs to be declared. Then, if you want to do it right, that gain/loss gets capitalized into the basis of whatever transaction/token you just took on further complicating forward calculations of gain/losses on tokens you've acquired. 

 

I have a ~$30-40k loss carryforward from staking in 2021 - 2023 despite the yields being "positive" the entire time. 

 

As far as market making, most market-makers are making returns sub-treasuries for supporting their token pairs. It's been awhile since I looked at the data, but is why I never dabbled in it back when I was staking because the gains weren't there. 

 

Sorry to hear that. Staking ETH during the time when ETH price went from around 5000 to 1000 is not fun. Plus gas/tx fee was high.

On the other hand, if you staked ETH during the time when ETH price went from around 1000 to 4000 is quite good. Plus you get Airdrop from restaking protocols. Plus gas/tx fee is much cheaper now. If you do it on Layer 2, the tx fee is even sub cent. 

 

Actually, staking ETH and calculated PnL in USD is not much different than you staking USD(buy TBill) and calculated PnL in Gold.

 

If you don't want to take the price risk, just try farming with Stablecoin. For example, right now you can get default 13% yield on usd stablecoin on Blast. https://blast.io/. You can juice it up to 80% if you are willing to take some price risk in Blast token.

 

For the tax, I have no comment on that.

 

 

 

Edited February 14 by [email protected]

[Dave86ch]

I owned Ethereum, programmed a token in Solidity, and created some NFTs. I still hold VitaDAO and VitaFast (an NFT tied to intellectual property in pharma), but to me, the whole ecosystem feels like virtue signaling, networking, and shitcoinery that always ends up chasing airdrops or unclear interactions between DAOs.

 

I keep holding it because it’s an irrelevant part of my portfolio. I made good profits in the past, and now it’s more of a learning experience than an investment.

 

 

[Longnose]

1 hour ago, Dave86ch said:

I owned Ethereum, programmed a token in Solidity, and created some NFTs. I still hold VitaDAO and VitaFast (an NFT tied to intellectual property in pharma), but to me, the whole ecosystem feels like virtue signaling, networking, and shitcoinery that always ends up chasing airdrops or unclear interactions between DAOs.

 

I keep holding it because it’s an irrelevant part of my portfolio. I made good profits in the past, and now it’s more of a learning experience than an investment.

 

 

+1 for me. 

 

Held it. programmed on it. Made my own tokens. Made my own NFTs. All as an educational exercise.  The end of the education left me saying this is really cool. I believe there is a reasonable chance companies leverage the tech in the future to find unique cost reducing and security increasing interactions. But with ETH i wont hold it as something I am hoping will go up.  I still have money in the ecosystem but i just consider it locked tuition money. 

 

I continue to add to BTC. 

[TwoCitiesCapital]

14 hours ago, [email protected] said:

 

Sorry to hear that. Staking ETH during the time when ETH price went from around 5000 to 1000 is not fun. Plus gas/tx fee was high.

On the other hand, if you staked ETH during the time when ETH price went from around 1000 to 4000 is quite good. 

 

 

For what is supposedly an asset class that is experiencing a secular growth trend, what matters is returns over the whole cycle, and that the pie keeps growing. People who started at the 2020 secular lows, rode it up, back down, and then back up to where we are today probably all still very negative returns in USD (and especially on a real return basis). I'm sure there are a handful of projects that bucked this trend - but a basket of them would have done abysmally. 

 

That' doesn't strike me as secular growth trend. They've had 4-years to recover while reinvesting supposed "yield" the whole time. But the problem with the yield was its value also fell by 80-90%. As mentioned, it's all very circular. STILL! after 4+ years of ongoing development - there is very little real world value taking place on chain and the returns haven't been there to support that its a secular growth trend. 

 

BTC on the other hand...

 

3 hours ago, Dave86ch said:

I owned Ethereum, programmed a token in Solidity, and created some NFTs. I still hold VitaDAO and VitaFast (an NFT tied to intellectual property in pharma), but to me, the whole ecosystem feels like virtue signaling, networking, and shitcoinery that always ends up chasing airdrops or unclear interactions between DAOs.

 

+1 I have a hair of ETH left over from my days of paying for gas. And I have like 5% of my crypto exposure in LINK. But I'm basically BTC only at this point. 

 

Had an expensive education in 2021 

[Fly]

https://www.coindesk.com/markets/2025/02/14/abu-dhabi-discloses-usd437m-stake-in-blackrock-spot-bitcoin-etf

 

So it begins

[TwoCitiesCapital]

1 hour ago, Fly said:

https://www.coindesk.com/markets/2025/02/14/abu-dhabi-discloses-usd437m-stake-in-blackrock-spot-bitcoin-etf

 

So it begins

 

Perhaps. But to keep this in perspective, the sovereign wealth fund is estimated to be over $1.7 trillion. 

 

A $500 million stake is 0.03%. 

 

Better than 0, but hardly indicative of any level of confidence/belief/long-term commitment to the asset. My speculative positions are a higher weight in my own portfolio. 

[[email protected]]

21 hours ago, Longnose said:

+1 for me. 

 

Held it. programmed on it. Made my own tokens. Made my own NFTs. All as an educational exercise.  The end of the education left me saying this is really cool. I believe there is a reasonable chance companies leverage the tech in the future to find unique cost reducing and security increasing interactions. But with ETH i wont hold it as something I am hoping will go up.  I still have money in the ecosystem but i just consider it locked tuition money. 

 

I continue to add to BTC. 

 

Your idea is similar to Robinhood CEO. Crypto Tech is more efficient and can reducing cost. Here is an example"
"ROBINHOOD USES STABLECOINS TO FACILITATE TRANSACTIONS AND SETTLEMENTS BETWEEN CASH AND CRYPTO 24/7, PARTICULARLY ON WEEKENDS WHEN THE BANKS ARE USUALLY CLOSED". 

Video: 

 

 

Edited Saturday at 01:09 PM by [email protected]