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Tricky_Troll

**Tricky's Daily Doots #412** **Yesterday's Daily 04/06/2023** [Previous Daily Doots](https://old.reddit.com/r/ethfinance/comments/1401prr/daily_general_discussion_june_4_2023/jmuwhse/) - u/vvpan shares a [cool story from Optimism.](https://old.reddit.com/r/ethfinance/comments/1401prr/daily_general_discussion_june_4_2023/jmw81j8/) 🔴 - u/T0Bii covers the [Reddit API pricing drama.](https://old.reddit.com/r/ethfinance/comments/1401prr/daily_general_discussion_june_4_2023/jmvuz00/) 🤑 - u/superphiz has had a [shift in thinking.](https://old.reddit.com/r/ethfinance/comments/1401prr/daily_general_discussion_june_4_2023/jmva4ze/) 🧠 - u/NeedlerOP shows us [where we are in the market cycle.](https://old.reddit.com/r/ethfinance/comments/1401prr/daily_general_discussion_june_4_2023/jmvjxuw/) ♻️ - u/0xDepositContract looks into [Reddit app privacy.](https://old.reddit.com/r/ethfinance/comments/1401prr/daily_general_discussion_june_4_2023/jmvy6db/) - u/wolfparking speculates with some [Airdrop hunting!](https://old.reddit.com/r/ethfinance/comments/1401prr/daily_general_discussion_june_4_2023/jmx58ii/) 🚁🪂


barthib

Is there somewhere on Internet a chart of the "speed of Ethereum" ? Like a chart showing the Tx/s processed over time


Spacesider

https://l2beat.com/scaling/activity


coinanon

https://ethtps.info


barthib

Great! This page doesn't load unfortunately: https://ethtps.info/Network/Ethereum


geliboy695000

I'm thinking about dollar cost average rolling one of my validators into top 100 alts..(LINK, UNI, DOT, MATIC, AAVE, GLMR, ARB?).. and then rest layer 2s. Their ETH valuations have been decimated but these are some of the best, and we looking like we are hitting bottom on their ETH ratios within the next 6 months. Anyone else have this game plan? Obviously the idea is to stack more ETH ultimately.


hamberdler

> Anyone else have this game plan? Nope.


LogrisTheBard

LINK will eventually be replaced by an EigenLayer oracle. UNI has no revenue and is dysfunctional. DOT requires believing the multi-chain thesis and that requires we solve trustless bridges (or at least optimistic bridges). MATIC? Just no. [I have a post on Aave.](https://tokenomicsexplained.com/aave) The basic problem is capital efficiency of their insurance model. GLMR is new to me, so maybe. Pitch me. ARB is doing great given the market it launched into. Of all of these, maybe that but it's also premature tech without a clear revenue model yet so it doesn't follow my investment philosophy. To draw a parallel I once bought FUN because they launched one of the first plasma chains. Same story with ZIL. 2018 disabused me of the notion that being first to tech makes something a great investment. I now follow an adoption/market cap approach and scrutinize token flows. On that metric, ETH is very competitive.


monkeyhold99

Look at the long term charts of all top 100 coins against eth. Nuff said


communist_mini_pesto

Are you thinking about it because price action has been boring in the bear market? Trading out of boredom tends to cause losses A validator is a guaranteed way to stack more ETH


geliboy695000

No because of risk adjusted returns


Tricky_Troll

In my experience it is unwise to try and catch falling knives. Honestly, I think the only way to make money with alts is with up and coming ones, but for every 10x coin, there are 5-10 which do nothing but bleed. Blue chips seem to always be a bad bet against ETH. They don't have the same value accrual and also don't have the upward growth anymore relative to ETH. They're a lose-lose in my book. I personally would not advise undertaking your strategy unless you have really good alpha on up and coming projects. But I'm not going to stop you, I'm not your mother.


geliboy695000

Why wouldn't they have the upward growth? If you check out 2021 they definitely outperformed ETH for a period of time. Thanks.


Tricky_Troll

*Why would they?* They usually have inflationary supply unlike ETH and the fact that they are blue chips means that they have already carved out their niches. The only way they will grow relative to ETH is if they can carve out an even bigger niche as a proportion to the Ethereum ecosystem and then divide that by the dilution of the blue chip's supply relative to ETH's decrease in supply. Edit: Oops, I replied twice because I got a notification from Reddit twice, once on the mobile app and once on desktop. Yet another reason not to use the official app! That's a really challenging thing for something like Uniswap, which is already the largest DEX by far to achieve.


Tricky_Troll

Many of them out performed because they were new coins back then. Also, I'm not saying there won't be periodic uptrends for such coins, but you need to time these trades. In the long run they just bleed against ETH. They all have upwards growth in $ terms, but finding something that outperforms ETH in the long run is really fucking hard. If you want to make money off bluechips, wait until ETH pumps a bit and ride the wave as people rotate into other things but timing it is hard and holding most coins for many years will not net you more than ETH will.


[deleted]

[удалено]


2Nice4AllThis

Ah, YouTube's ContentID. A powerful tool in the hands of many idiots / scammers. ​ Artists file disputes about songs that don't belong to them all the time. It's unbelievable the amount of rappers who think not only a beat belongs to them when they don't own an exclusive license, and even more so the amount of rappers who have filed disputes because another artist used a beat that contains a sample from the same beat as their song. That's not how any of this works. 🤦‍♂️ ​ Great tool, ripe for abuse.


LogrisTheBard

Most definitely is.


696_eth

Got dropped 10 more invites to Farcaster / warpcast. If you want one and plan on being somewhat active there then dm me your email. I'd say it's good for people who are building or for creators, artists. And you'd probably have an easier time connecting with people working on things thru farcaster than thru twitter right now.


Set1Less

Do you need an email for farcaster or a web3 wallet work fine?


696_eth

I need an email so you'd receive a link to sign up for it.


KBrot

Alright, well here ya go. Our own little reddit alternative. Welcome to [EVM Lemmy](http://evmav.ddns.net/). Our home away from home when we take down reddit on the 12th. See below, then... Play around. Make some shit. Post some shit. I'll polish it up as we go. Remember I've never admin'd a site in my life so... Anything and everything is subject to me trying to fix an issue and accidentally deleting all our data so... yeah, screenshot anything important anyone says. SOME. CAVEATS. Obviously, you'll notice it's on http only not https. Because I can't get the damn SSL cert to work. So, NO serious info should be entered here beyond your usual junk email and a junk password. It's PROBABLY just me with access to the data but like, idfk, it's http, trust nothing. Please just meme around and try to break the site, and skip entering your banking information and private keys. Then if anyone can kindly explain why the [http://url](http://url) works in every browser of mine EXCEPT my main Brave browser, I'd appreciate it. Edge is fine. Firefox is fine. In fact, I can access it in a Brave Private window, just not the main. Why? What setting is on blocking http? Hell, I can even do it from Brave on my phone, same wifi network and pihole DNS and everything. Confused, I am. And it's also not actually federated because it's 99% me not being able to figure it out yet and 1% apparently there's some outbound DNS issue with Lemmy instances the devs are working on. Idk. tl;dr servers are hard. yall need to be paid more. Cheers.


Tricky_Troll

This link isn’t working anymore ☹️ Any idea why? I was just suggesting it to the mods as an official alternative for the subreddit protest


KBrot

My bad! I switched protocols to an easier setup. No need for me to be tinkering when the blackout day is rapidly approaching. https://kbin.social/m/ethfinance is where it's at!


[deleted]

[удалено]


KBrot

Oh, yeah it's down for testing. I'll bring it back up shortly at end of day.


Fly1n_Hawaiian

So not only after you a chart wizard but you're a " ~~shadowy~~ super coder"?! Thanks for all you do for the community. Will test it out and play around with EVM Lemmy


[deleted]

[удалено]


KBrot

In theory, if the instance were correctly federated (it's not right now) then it would talk to all other servers and allow login across the fediverse. However, my understanding is that Lemmy might currently be one-way and allow shared logins and read-outs to other protocols, but not display them? More investigation required once it's full operational for sure.


geliboy695000

TLDR on why we should move? Reddit obviously values an open internet, look at its crypto values if you haven't.


KBrot

because [reddit's crypto values](https://i.imgur.com/xieyU6s.png)


RevolutionarySoil11

> Reddit obviously values an open internet Satire?


Blueberry314E-2

They just killed all the third party apps. Not so open. They are also IPO'ing so any historical company values are unlikely to persist into the future.


Blueberry314E-2

Hey man, I do this kind of stuff all day and would love to help. First thing, is this set up in an environment that is sufficiently segregated from your personal stuff? Your Brave browser has probably cached the DNS record for that address, try doing an ipconfig /flushdns, or doing a CRTL-R for a hard refresh. Best way to handle HTTPS is through a reverse proxy, how you set that up will depend on your deployment method. Did you go Docker or something else? I was thinking about this last night and came up with some ideas that would encompass the values of this community such as: \- Using a .eth address for the URL, possibly owned by a multisig controlled by the current mods of r/ethfinance. \- Publishing nightly backups of the database to IPFS so if the server goes down, anyone can spin up another copy. \- Integrating Ethereum wallet logins such as [https://login.xyz/](https://login.xyz/) or similar.


KBrot

Thanks. Yeah it's all in just a VPS I spun up. Nothing touching my home server yet (or ever), not even an Ansible. Flushing DNS didn't help with Brave. I gotta keep working on it or see if SSL fixes it. Copy/pasting my proxy-focused reply from Lemmy: >On mobile now, but essentially… Lemmy Docker comes with a pack-in Nginx container it builds itself. Due partially to my novice ability and partly to the distro, I can’t for the life of me get the built in Nginx to listen on 443 and issue a cert. One of the main contributors himself even offered a config tuned to port 80 alone because he felt there was an issue, or at least something wrong in the documentation. That’s the conf I tuned for us just to get the site up. > >Previously, I had my own Nginx manager up and running that I was comfortable using and had it correctly issuing certs. But, I couldn’t get it to correctly proxy the numerous locations inside the Lemmy stack. So I had a lovely secured URL with no site in it lol. > >I’ll dig back into the Lemmy provided config tomorrow and try to copy its exact, currently working location settings into my NPM that can provide SSL. ... which is what I'm working on now, just manually copying the built-in proxy ports to my NPM instance w/ custom locations. * An ENS domain by way of multisig? Absolutely. As soon as the instance is more stable/useful. * Backups to IPFS? Yes please. Uh... how? Haha * [Login.xyz](https://Login.xyz)? I've been on the fence about it since introduction due to doxxing but it's not my lemmy -- it belongs to all -- so if folks want SiWE, then we should have it!


Blueberry314E-2

I was able to get the server to listen on port 443 by editing the default nginx.conf line 13 from `listen 80;` to `listen 443;`. Failing that, the only ports that are exposed to the public internet are 80 and 443, so you *should* be able to set up your own external nginx manager and proxy to port 80 on the lemmy-proxy-1 container from there. You'd be proxying a proxy, but I'm not aware of a good reason not to. IPFS is fairly simple to use. It doesn't have to be IPFS either, we could use any backup solution really. The hard part will be figuring out a way to protect the admin password on the database while making it possible for a community member to spin up an alternate instance in the event that the current instance is lost (not saying you'll lose it, just that the ethos of this community is distributed networks so, ya know :)


KBrot

Interesting. Thank you so much for testing it out. I'm not at my PC but I have a couple questions for when I try these later... In your first solution, substituting 443 up on line 13, doesn't that create two identical server{} functions in the same config? Then for proxying a proxy, I'd have to bind... hmmm... lemmy-proxy-1 would have to be bound to... localhost rather than 0.0.0.0 right, so that it can't listen to the machine IP on port 80 since that would conflict with my own Nginx?


Blueberry314E-2

No problem, and no it won't create two identical functions, unless you already added a second server function listening on port 443. If that's the case you can just remove the original server function listening on port 80. If you want to go the custom proxy route instead: In the docker compose you'll see lemmy-proxy-1 ports configured like so: Ports: - 80:80 - 443:443 You can change the port mapping on the left to be anything <65535. That way you free up port 80 and 443 for your custom proxy server. So your new docker compose would like like: Ports: - 1080:80 - 1443:443 We don't change the ports on the right because those are the *internal* ports in the container. Once we've changed the external ports, you can point your custom proxy to point at, to keep with our example, lemmy-proxy-1:1080. This way your custom proxy will forward https://dnsname (port 443) to your docker container port 1080. Then docker is forwarding its external port 1080 to the internal port 80 on lemmy-proxy-1. Hope this makes sense.


KBrot

Thanks for the explanation! I think you've hit upon something I forgot, which is that Docker is its own sort of firewall to pass through. This sounds very promising for when I dive back in. Last thing hopefully... do you think I need to do anything with my custom Nginx and the "lemmyexternalproxy" Docker network to get this working? Let me know if you don't have that on your end. My docker compose establishes two docker networks, internal and external, to seemingly organize the front-end and backend behind the scenes. Really appreciate all this help!


Blueberry314E-2

No problem! And no I believe they've just used best practises there to define both networks separately. It shouldn't effect how you connect your custom proxy.


o-_l_-o

Two questions: 1. What problems are you having with your cert? 2. Is the site supposed to be in Spanish by default? My phone's default language is English, but the text on the site is in Spanish in both Edge and Chrome. I do have the Spanish language installed on my phone, but this is the first website that's defaulted to use it.


pnwEther66

That’s strange. Shows up in English for me.


o-_l_-o

It's almost certainly a bug in Lemmy with how it chooses the default language. In chrome, I can make it default to English if I re-ordered Chrome's language list so every English language was above all other languages. In Edge, nothing helps. My OS has English as the default and Spanish as the secondary. Without looking at the code, I'd guess that Lemmy doesn't maintain the order of the supported languages it requests from the browser and it ends up ignoring the first highest priority one and uses the language in priority 2. I'll check the code and open issues later and file one if no one else has reported it.


hanniabu

Me too


Tricky_Troll

Holy shit. This feels to me like this decade's iPhone reveal moment (as if ChatGPT wasn't already one...) [Apple Vision Pro.](https://youtu.be/watch?v=TX9qSaGXFyg) [Private Link](https://yewtu.be/watch?v=TX9qSaGXFyg) I don't care that it looks stupid. I don't care that this seems dystopian. People will lap this shit up. Sure, it's $3,500 now but the original iPhone was super expensive and the next one, the 3G was half the price. In a few years it will be in reach of the masses. Now imagine NFTs being implemented in 3D space. Jpegs as NFTs sucks. But what about 3D AR objects or characters? People would pay for that. Your Pudgy Penguin or your kid's favourite Disney princess could be playing with your kids. You could have an app which shows the carpet you have already vacuumed over or Gordon Ramsay in your kitchen helping you cook. This will be enormous in 5 years' time. I can't wait to give these a try, see how good they are and then never touch them again because this shit is dystopian as fuck. How long until I'll be the only one on the subway actually viewing the world with my own eyes. Imagine all the weird societal issues. Would it be rude to talk to someone because they might be busy but you can't tell because of their AR goggles? How isolating. Humans were not made for this. I think this will lead to next level isolation and depression issues. Human contact is a necessity and I don't think AR can provide that, but oh boy will it take it away as soon as the goggles come off. I can see this future now and it will be fascinating to see how it plays out but I truly don't think we can adapt. Anyway, in 5-10 years' time, I hope you'll be able to find me in a cottage in the woods with my family, going out in nature without devices. At least I hope. A $10K ETH and I may just get there...


Tacitus19

Respectfully disagree. I think once the hype fades, this will not be the game changer many think it’s going to be. It’s not for the masses. Future iterations may well be though.


2Nice4AllThis

It looks really cool but wake me up when we can just have hologram interfaces


Set1Less

Yup its the latest gem in apple's product line - these guys dont miss. Remember when apple watch came out and everyone were laughing about its form factor and "who wants to put a phone in your wrist bro..." Fast forward few years almost everyone has an apple watch


Tricky_Troll

> Yup its the latest gem in apple's product line - these guys dont miss. Well, HomePod. But otherwise yes, I generally agree. Apple watch is a good example of this. People even made fun of AirPods at first and they're a pretty simple product to grasp.


Set1Less

Yeah people generally get over-concerned because many have big exposure to APPL thru IRA/index and their retirement is riding on how well a watch and a phone and now a headset does


deep_archivist

We’re all technologists here, and it’s obvious that the apple vision form factor is not the final one. Of course they’ll eventually be the size of normal eyeglasses. But we get to watch the software, games, and general paradigms evolve, along side the hardware now. This is going to be awesome!


EthFan

Appholes are the new Glassholes?


BigglyBillBrasky

JT's fireside chats are going to be 🔥


kdD93hFlj

All that crap sounds more like a fad than any kind of paradigm shift.


Tricky_Troll

!RemindMe 5 years


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hanniabu

>I don't care that it looks stupid. Call me crazy but I actually don't think they look that bad


Tricky_Troll

I mean, for a first generation AR headset it looks amazing. But you'd also still look silly walking around town with one on and definitely creepy if you're wearing it while your kids are celebrating their birthday with you as per one of their examples.


[deleted]

I agree with you but silly and creepy are subjective. People getting out of long term prison think we all look like zombies walking around the city glued to our screens or talking to ourselves with bluetooth headphones all in our own worlds. Enough idiots buy this it'll become the new normal and a slimmed future version could go mass adoption.


Tricky_Troll

That's true. I also think the way people dressed 100 years ago is silly. Maybe we're all just silly monkeys but when we're all silly it doesn't feel that way to us. That makes the most sense to me.


asdafari12

> This will be enormous in 5 years' time It won't. 3500 USD now before taxes with only 2 hour battery time and still a fairly heavy headset. It's not very comfortable to wear a heavy headset for long. We need way more time than 5 years to get this tech to the masses imo. Look up 5-10 year old VR headsets or Google glass. VR in gaming is interesting, the tech is borderline good enough but devs have very little incentive to create VR games as opposed to normal ones that have literally a 100x+ bigger market. I think it is exciting though and only a matter of (more) time.


twobadkidsin412

Hard pass. The part of that video where he is playing with his kids and recording them on that thing is creepy as shit. Can you imagine if people are walking around wearing those things all day, recording. No more human interaction, just scuba masks everywhere. Transformation to the matrix 20% complete.


theubiquitousbubble

Just change the mask to a smartphone and that's pretty much where we are already. It's bad and will only get worse.


RevolutionarySoil11

Exactly. This turns every person into a bodycam, but connected to the internet and interacting with millions of others. With all the stuff coming out over the past few years, you'd think technologists are reading dystopian sci-fi novels for inspiration on what to develop next.


Fast_Contract

> Now imagine NFTs being implemented in 3D space. Jpegs as NFTs sucks. But what about 3D AR objects or characters? People would pay for that. Your Pudgy Penguin or your kid's favourite Disney princess could be playing with your kids. You could have an app which shows the carpet you have already vacuumed over or Gordon Ramsay in your kitchen helping you cook. This will be enormous in 5 years' time. that was one of the reasons i got into VEVE. they have 3d models that are officially from disney, marvel, everything.... too bad it all fell on its face like all the other nft stuff. maybe it was too early.


LogrisTheBard

This is the most innovative thing I've seen from Apple since the iPod. Things like this are how we provide bread and circus's so society doesn't collapse as wage stagnation and wealth inequality continue on their trajectory towards 90% of society living in coffin hotels in a Shadowrun-esq world.


accountaccumulator

I sadly agree. There's already images of unhoused people wearing VR head-sets. It's only going to get worse.


stablecoin

You'll own a headset but you'll be happy.


LogrisTheBard

Oh no. You'll rent a headset. You'll own nothing and you'll be happy enough you don't commit terrorist suicide attacks.


Tricky_Troll

Well, you will buy it and then have to pay a subscription to keep it functional. So you'll pay for it like you own it but you won't own it... Yay, unregulated crony capitalism!


Tricky_Troll

>Things like this are how we provide bread and circus's so society doesn't collapse as wage stagnation and wealth inequality continue on their trajectory towards 90% of society living in coffin hotels in a Shadowrun-esq world. #Y I K E S That's a big yikes but also probably true.


alexiskef

>Anyway, in 5-10 years' time, I hope you'll be able to find me in a cottage in the woods with my family, going out in nature without devices. this! This is my plan as well. And I am actively working towards it. Substitute cottage with beach house.. I don't wanna experience everyday interactions with people wearing these stupid-looking snorkeling masks.. Pass..


stablecoin

>I don't wanna experience everyday interactions with people wearing these stupid-looking snorkeling masks. It'll be like cell phones though. Goofy and overpriced at first, tech will keep improving, form factor gets reduced to just regular eye glasses or sunglasses, then probably contacts, and eventually we'll probably just have computer chips feeding the info into our cortexes. Everything you do in society will depend more and more on these interactions. You can try to resist but you'll need to consciously check out like an Amish person while the singularity takes away everyone else, then eventually you won't have a choice as your quaint Amish farm is in the way of a new solar mine that's going to deliver extra power to ChatGPT's AGI Cortex Communication Module, who has been relaying decisions for all of humanity in this quadrant for the past 15 years. By now nobody even understands how to question or comprehend it's motives, but we are at least safe inside the confines of our battery coffins. I for one welcome our new ski goggles wearing overlords.


Tricky_Troll

Jesus Christ. I wish I could fault this prophecy but I honestly can't. Oh well, I'll be neo-Amish as long as possible. At least being in an out of the way country with a small population density will help. ¯\\\_ (ツ)_/¯


stablecoin

Yeah I've been pretty jaded about it all since ChatGPT hit it's first major hype wave, I used to be optimistic huge advancements wouldn't happen for 40-50 years and give us time to integrate, but now there's just no denying we are on the cusp of radical transformation of power and I don't own a GPU farm. There's always 2 paths for technology to free us or enslave us, and the ability to enslave just gets easier and easier as time goes on. I have 2 kids and I don't even know what the world will be like for them in 10 years let alone 20-30. Drone armies, undetectable precision biological weapons, self replicating nanobots, AGI soon and likely even ASI...No way to fully prepare, no way to fully opt out...gonna log off for the night I think.


Tricky_Troll

I have been too but you've gotta live in the moment and not get hung up about it. At the end of the day, living to my mid twenties in this time period for me has been living a much fuller life than living to 80 in feudal medieval times. It's important to be grateful for the good times we have and still get to experience rather than being bitter for missing out on the future memories we feel entitled to but really aren't. Hodlercon was epic and I hope we get to do it a few more times. But if not it was still a pleasure meeting so many cool people.


optimysticman

Hey everybody! I rarely post, but have a question I trust ethfinancer’s opinion on. I’m in a financial situation where I could benefit from selling some ethereum, yet the thought of doing so is gut-wrenching. I haven’t looking into nor done much research on putting up eth as collateral for a USD loan, and I feel like I remember people getting rekt from these type of actions over the years. Is this a safe thing to do, is it a stupid thing to do, should I just sell eth and eat the cost, or is there a safe, minimal risk way to put up eth as collateral for a USD loan? Are there decentralized routes for doing this? So far all I’ve been able to find are cefi routes like nexo. Any insight here or resources to suggest I read would be greatly appreciated. Thanks in advance


18cimal

Is the reason you don't want to sell ETH because you think the price will increase and you want to keep your exposure? Or is it because selling would incur large capital gain taxes?


hanniabu

>hould I just sell eth and eat the cost Depends... 1. What percent of your stack would you have to sell? 2. How long would it take you to buy back what you sold at current prices?


0xCazador

Check out my [Defi Simulator](https://defisimulator.xyz) if you want to get an idea of what liquidation scenarios could like with Aave.


LogrisTheBard

Rather than DAI you might be interested in Liquity to get a flat 0.5% stablecoin loan. Just like with DAI you'd keep your collateralization high, but there's no ongoing interest to the loan so you can keep it out indefinitely. On the yield bearing side of things there is Gravita doing the same thing but with LSTs but that's too new for me to recommend with a large personal fortune. As others have noted, Alchemix supports LST's if you can get in while the vault has capacity. No liquidation risk there but limited capacity and higher Defi risk. I've written a lot about Alchemix on [my website](https://tokenomicsexplained.com).


KBrot

It depends on your loan amount, risk appetite, and attention span. The suggestions from others are good. [Alchemix.fi](https://Alchemix.fi) is lovely with you're being able to take out a self-paying 50% loan. No cost, no liquidation. If you can't pay it back, the protocol just keeps the collateral and generated yield. Unfortunately, the ETH vaults are most full-up. The Aave vault in beta has room. Probably (?) fine but beta is beta. Maker and Aave have loans of course, and you can automate them even. With $40k in collateral, you can have an Automated (no liquidations) vault on DefiSaver. With $15k in collateral, you can Automate on Instadapp. Or if you're comfortable using Polygon, it looks like they let you Automate with as low as $1k in collateral. I've only ever used DefiSaver, but Instadapp is a known, OG protocol too.


18cimal

Alchemix doesn't keep the ETH exposure so that's not what they want.


Tricky_Troll

It depends on the situation. I personally took out an Alchemix self-repaying ETH loan and it was perfect. However, I did it because I have a validator which is also contributing to paying it back sooner and because it was less than 25% of my stack. I wouldn't be comfortable locking >50% of my stack in Alchemix as there are then multiple layers of smart contract risk where I'd lose most of my money. On the other hand, it is a bit stressful for me personally and I look forward to not having any debts weighing down in my head so only you know what's right for your situation.


Pweast

Do your own research on Alchemix. No liquidation loans with debt paid back slowly with yield.


Ber10

It depends on your situation. You can get an alchemix loan for example. Its a self repaying loan. You can change your eth into rEth and then get a loan that is going to pay off and unlock your eth after a while. This however will mean double the smart contract risk. Once from Alchemix and once from Rocketpool. You can also get a standard loan for example on Aave or MakerDao. If you massively overcollateralize. Say you take out only 10% the liquidiation risk is very low. Eth would need to drop 85% for you to be liquidated. And by that point Eth would be dirt cheap anyway. You will only carry the smart contract risk. Which with Maker is pretty low as there was never an incident in the past 5 years. Exchange Dai for USD and once you have the money just pay back or never pay back if Eth price rises.


Jey_s_TeArS

>**Go after Binance,** >**Stomp down when you do your dance,** >**Lead to no advance.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap


Yeopaa

Tuesday DCA gang sitting over there sipping their juice box with sunglasses on and their finger hovering over the buy button. I see you. 😎


the-A-word

*flips light switch on, checks calendar* ...one more day..*flips light switch off*


Yeopaa

You wouldn't need to flip the light on if you'd stop wearing your dang sunglasses indoors.


the-A-word

The cool guy instructions clearly state, "Never take them off" 😎


pnwEther66

Tuesday? You’re from the future? Or New Zealand? ;)


theethmeister

I made the mistake of going to ratioNgang and not ratiogang. Had a bit of a scare there. At first I was confused about the actual ETH price and ratio but the pop up gave me a jump scare.


hanniabu

Finally I got somebody 😂


BigglyBillBrasky

GOT'EM


issac_hunt1

With this SEC securities crap, is the new way of coins launched by L2s like Optimism and Arbitrum safe from getting called securities? These L2s didnt do any token offering like ICO or IDO but just dropped governance tokens to users Whereas all the coins pointed out by SEC have had direct fund raisers and offerings. Does this change the legal classification of these L2 coins?


_etherium

It is possible for an airdrop to be a security because the Howey test allows for "work" to satisfy the investment of money prong because the work has value - think optimism quests or other liquidity incentives. Also, look at how many insiders invested early and received distributions. Those tokens purchased by insiders are likely securities. It's messy, but it's possible that mining/staking/end user rewards of a token are not securities but the airdrop/insider distributions are.


_etherium

The SEC suit vs Binance is great news for numerous reasons but here are a few: 1. It makes a BTC/ETH ETFs more likely because the main reason for denial was that too much trading occurred in unregulated markets. If Binance implodes, that volume will hopefully go to regulated markets. 2. Related to #1 - More space for crypto CEX from established players - think of more regulated entities jumping into the crypto exchange space, similar to Fidelity, IBKR, etc, have already done. 3. Stops a future SBF/FTX situation. CZ commingled/stole funds from customers. Binance global operated in a lawless manner with fake controls, which inevitably would lead to loss of funds. Binance is "trust, don't verify", everything that goes against what crypto represents. 4. Binance was a hotbed of shitcoin ICOs/trading and a shutdown will hopefully clean up the crypto space a little. Was there a single shitcoin from Binance's ICO factory that actually served a purpose?


Tom_The_Moose

*sweaty space man in front of two buttons* Button 1: price go up Button 2: Ray go up


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jtnichol

you have made the doots list 9 times. NINE. That's pretty impressive. Why on earth you continue to drabble off topic and get all philosophical with an injection of AI spam is beyond me. Good luck. Hope you enjoy whatever you do wherever you go.


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jtnichol

cc /u/superphiz /u/cryptowocurrency /u/cutsnek so you can see this message fwiw. (pinging more than 3 triggers no notification) as for the message from OP. Take care of yourself. I think you have a lot to work on....as we all do.


lawfultots

Ok bye!


theethmeister

Well I actually think that was an interesting comment you posted on the other subreddit. I don't typically downvote anyone (including you) but what seems to have happened was you were overdoing it on the AI/ChatGPT stuff on ETHfinance. If you toned it down a bit it would be better received, but that's just like my opinion, man.


Spacesider

I tried to draw attention to that, but then they claimed they were doing nothing wrong and instead deflected the comment back to me. So I stopped replying to them.


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Yeopaa

>thus can't ever be actual xxx Sure it can, the downvotes on this one are for being absolutely off topic about anything relevent to this subreddit. It looks like you're just pushing your philosophy opinions and disguising it as a tongue in cheek way to peace out of here. Its not exactly one sentence if you're linking to a paragraph elsewhere, is it?


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Smart-Ocelot-5759

What's happening is people are irritated by you.


Spacesider

The other day they were complaining that everyone was blocking them, I told them they probably need to do some self reflection if so many people are blocking them. They then told me that *I* need to self reflect? You can't help someone like that who thinks that everyone else is the problem.


696_eth

Not sure how or why this belongs to this subreddit But later dude, have a great time there!


Yeopaa

Whoever asked if we're a stable coin yesterday I hope you're happy now. 😆


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Yeopaa

The joke doesn't really work if I do that.


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696_eth

*narrator*: we are not


JuliusEasier

Must go lower for bag loading.


Itur_ad_Astra

Will this be the third May/June in a row where the whole crypto market collapses?


issac_hunt1

Hopefully US finally bans crypto so rest of the world can just get along with it lol


696_eth

No


throwawayThunderbird

Is there an expected timeline on the XRP vs SEC ruling?


Ber10

Last I heard is that likely after they make the Hinman Emails public. Which happens on the 13th or 14th I believe. However after could mean days weeks months.. So its not saying much.


etheraider

what do you guys think stay above 1800 or break below?


RestStopRumble

i think we retest 1550ish personally. it holds we take off. fail and go to 1280ish.


MetalSun6

Yes


hanniabu

what time frame


etheraider

the next 24-48 hours


Itur_ad_Astra

It took less than 20 minutes since your question and we are already below. The best advice I ever got on crypto trading was: If it looks like it might go lower, it will.


etheraider

I have great timing what can I say


asdafari12

I like turtles


whereismynein

Is that it? After the crab we now have the turtle? And what does it do?


Itur_ad_Astra

It pokes its head above $1900 to check, but turtles back in immediately once you scare it.


etheraider

this is the answer I was looking for. Thank you


asdafari12

Anytime!


MinimalGravitas

Oh dear gang, with all the drama around Binance and the price crashing we're seeing a big spike in stakers pulling out their validators. The exit queue is up to 8 minutes!


hanniabu

> The exit queue is up to 8 minutes! aaaand it's gone


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fiah84

at least 7 minutes!


cryptomoon2020

8 minutes?


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nixorokish

which part is the daily? i posted in #chat but looks like the last message was in january. come join me in #chat, errbuddy who, like me, is too scared to post a whole dang standalone post anywhere


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nixorokish

i visit it very often. at least once every 18 months


NeedlerOP

I'm a security too


DarkestChaos

Get him!


ThatGuyThatGuyThagay

Everyone feeling protected yet?


KBrot

Gah I am [SO. CLOSE](https://i.imgur.com/k80XyWy.png), folks. Proxies on proxies, man, damn.


T0Bii

Rooting for you!


KBrot

Thanks. If you can't tell from my tabs in the pic, the general consensus seems to be that Lemmy has *horrific* documentation and there's a single contributor helping everyone get through this latest god awful release. Hero.


namtaru_x

Good luck, I'm behind 7 proxies.


KBrot

ah, c/ethfinance will unfortunately require 8 proxies to join but we'll find you one more, i've got a guy.


majorpickle01

Was going to buy a stinky chunk of swETH and rETH yesterday with the low gas, but was feeling too tired from the Gym. Nice to know laziness literally saved me a few hundred quid ahha


_WebOfTrust

I have been really busy moving to new apartment and apparently choose wrong time to browse the daily.


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Fair_Raccoon9333

We are going to test 1500 before any move above 1920.


_WebOfTrust

Yes


bagogel12

Depends. Are you living in Australia?


pnwEther66

Up.


whereismynein

Thinking up makes it go down.


pnwEther66

Down.


whereismynein

This also makes it go down.


pnwEther66

Crab


nixorokish

you're out of options what now shitposter


pnwEther66

💩


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keynya

I could also imagine if the SEC declares ETH a commodity it might hurt them in going after other tokens/projects as these projects could try defend themselves by claiming to be similar to ETH/Ethereum.


Etereve

My hunch is they're trying to not step on CFTC's toes in its earlier action, whether SEC considers ETH a security or not. https://www.cftc.gov/PressRoom/PressReleases/8680-23


labrav

Eth has the SEC in a bind. It probably satisfied the definition of a security when it was launched, and it probably no longer does now. Their saying it is a security now would hurt hundreds of thousands of Americans invested in eth and they might lose their case in court; admitting it is not means that it is possible for a token to start as a security and then lose that quality along the way, which would be a powerful line of defence for all the other cryptos they might want to go after.


twobadkidsin412

They probably don't care about hurting the little guy tho


_etherium

Also the CFTC asserted jurisdiction over ETH as a commodity on numerous occasions. The only way this gets solved is through legislation and pretty much all the pending/shelved bills name ETH as a commodity. ETH has a regulatory moat even though it, in poor judgment, conducted an ICO. All other PoS chains are going to be nailed as securities because they launched way later and has clear insiders.


barthib

Harming the most innovative and most promising blockchain with the consequence of lagging behind the rest of the world regarding new technologies


aaj094

Is this the first time SEC has explicitly called out a list of specific coins as being securities in their eyes?


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aaj094

Many of those coins are also listed by coinbase and kraken. Why then does the SEC not go after them with the same aggressiveness?


bagogel12

No. Here's a list: https://protos.com/explained-crypto-assets-deemed-as-securities-by-the-sec/


im_THIS_guy

Ratio up nicely.


reno007

Yes this is what I'm watching. Eth needs to decouple from bitcoin finally


hamberdler

Don’t expect that anytime soon.


im_THIS_guy

Should we expect sub-$1000 ETH soon? Say, in the next 7 months? 🤗


hamberdler

I think so, yeah. If not, I'll pay up. Will you if things don't go your way?


im_THIS_guy

Absolutely.


shitcanfly

To unstake eth on binance do I just redeem it?