1 BTC = $8.2k, it’s up 735% this yr UPDATE 5/19: BTC @ $42k :damn:

KingTut

Green diamonds like a dill pickle
Joined
Sep 17, 2014
Messages
7,353
Reputation
2,901
Daps
51,690
Reppin
TX
You can either go with a decentralized Ethereum and make no money or participate in Defi and make money on a centralized platform. The moralism makes no sense


I feel the first half of your post, but not the latter.

Yes, the fees are absolutely ridiculous but platforms have either already built on Layer 2/optimism or are preparing to roll out to either or.


The user count on ETH blockchain compared to all others is undeniable. Any project with real world use case and good tokenomics will be very profitable on ETH solely due to the user count.

Hell, just look at the number of rug pulls on Pancakeswap compared to Uniswap currently.

I agree with you that DOT is on the come up and has established itself as a true competitor to ETH but as far as BSC or any other centralized exchanges/chains, the old saying still stands true. Not your keys, not your coins.
 

Supa

Veteran
Joined
Jun 10, 2012
Messages
19,632
Reputation
6,970
Daps
108,423
Reppin
NULL
I feel the first half of your post, but not the latter.

Yes, the fees are absolutely ridiculous but platforms have either already built on Layer 2/optimism or are preparing to roll out to either or.


The user count on ETH blockchain compared to all others is undeniable. Any project with real world use case and good tokenomics will be very profitable on ETH solely due to the user count.

Hell, just look at the number of rug pulls on Pancakeswap compared to Uniswap currently.

I agree with you that DOT is on the come up and has established itself as a true competitor to ETH but as far as BSC or any other centralized exchanges/chains, the old saying still stands true. Not your keys, not your coins.

:stopitslime: There were daily multiple rugpulls on Uniswap not too long ago. That's not really a valid point. Scammers got fake erc20 going up all the time.

Doesn't matter about L2/Optimism because it's not here yet. People are still priced out of Defi.

Who's holding your keys on Pancakeswap?
 

Supa

Veteran
Joined
Jun 10, 2012
Messages
19,632
Reputation
6,970
Daps
108,423
Reppin
NULL
Need to see CAKE at $25 before V2. After V2 sky's the limit. They got some crazy updates coming. Might sell my UNI and SUSHI for more.


20210325-215458.jpg


them fractals go both ways



:manny:


That one got invalidated. Hopefully the new ones does too.
 

(ALi)

...
Joined
Jun 1, 2012
Messages
2,944
Reputation
180
Daps
3,834
Reppin
NULL
Need to see CAKE at $25 before V2. After V2 sky's the limit. They got some crazy updates coming. Might sell my UNI and SUSHI for more.


20210325-215458.jpg




That one got invalidated. Hopefully the new ones does too.

I want to buy enough cake that when I stake I can earn good passive income, like 5 cakes a day.

How much would one have to invest in roughly, would you know?
 

Supa

Veteran
Joined
Jun 10, 2012
Messages
19,632
Reputation
6,970
Daps
108,423
Reppin
NULL
I want to buy enough cake that when I stake I can earn good passive income, like 5 cakes a day.

How much would one have to invest in roughly, would you know?

The calculator site says 1600 CAKE which at current prices is $20,688.

I'm getting around 3.5-5 a day with only close to 400 CAKE but I farm on top of staking. I could get way more since I'm sitting on a decent amount of BNB. If I got aggressive I could get 8 a day.
 

KingTut

Green diamonds like a dill pickle
Joined
Sep 17, 2014
Messages
7,353
Reputation
2,901
Daps
51,690
Reppin
TX
:stopitslime: There were daily multiple rugpulls on Uniswap not too long ago. That's not really a valid point. Scammers got fake erc20 going up all the time.


Every single coin released on PCS is an inflationary farming shytcoin designed to allow the dev and his friends doing the marketing to dump on anyone who isn't one of the first 300 holders.

Uniswap has it's rugs (hell, I've been rugged a few times) but the ratio of legitimate projects that are good mid-long term holds vs rugs on Uni compared to PCS is not comparable. It is considerably cheaper to conduct a rug-pull on BSC compared to Uni, even when ETH fees were much lower than they are now.

Very few serious dev teams are building on BSC for a reason. The userbase is just not there and of the amount there is, only a small percentage would participate in governance or the community aside from shilling the latest "safe__" or "_oge" bag they're holding

Doesn't matter about L2/Optimism because it's not here yet. People are still priced out of Defi.

This is not true. L2 has been around for more than a year. Although devs have just now started to build on top of it for the past year due to the issues of it being a 'child' chain it it will be the next step towards not only lower fees but faster transactions (along with the optimism rollups). Low fees and fast transactions are the only reason why BSC has gained traction.

Yes, people are priced out of DeFi due to the fees but to be honest; if you're worried about fees you aren't investing in the right projects. It's gotten to the point where I'm confident enough in my research that if I only invest $500 in something, the $60+ fee does not matter to me because I know I'll make 5x my initial investment within the next few weeks. You throw that money at PCS and you might as well be glued to your computer/phone screen because the dump is inevitable. There isn't even a reliable charting tool for BSC. Every project I've followed that has promised this has failed or is on the brink of failing due to such poor performance.


Who's holding your keys on Pancakeswap?

What does PCS have to do with keys? BSC is owned by Binance. If something ridiculous and downright unlikely were to happen to Binance, the tokens on PCS are worthless.

Let's not even get into how PCS is a literal fork of Uni, right down to the Github repo: pancakeswap/pancake-swap-interface

TcrGqao.png


If Uni felt like fukking them over for a few hours all they would need to do is change the dependency for the token lists:francis:

Don't get me wrong, I hold BNB like most here do (long term for me) and have thrown a few at some BSC projects for a quick 2x-4x but I wouldn't dare hold anything there long term. There is probably two good mid-long term holds on BSC and that's JUP and CAKE. CAKE only because it is at the head of the ecosystem. JUP is an actual serious project, quite literally the only solid one I've seen on BSC and it existed on ETH long beforehand. It wasn't even built on BSC.


Just compare the amount of legitimate projects built on ETH compared to BSC.


At the end of the day serious dApp, NFT, and DeFi developers are building on ETH and not BSC. That won't change any time soon.
 

the bossman

Superstar
Joined
Sep 4, 2012
Messages
10,652
Reputation
2,308
Daps
49,759
Reppin
Norfeast D.C.
Every single coin released on PCS is an inflationary farming shytcoin designed to allow the dev and his friends doing the marketing to dump on anyone who isn't one of the first 300 holders.

Uniswap has it's rugs (hell, I've been rugged a few times) but the ratio of legitimate projects that are good mid-long term holds vs rugs on Uni compared to PCS is not comparable. It is considerably cheaper to conduct a rug-pull on BSC compared to Uni, even when ETH fees were much lower than they are now.

Very few serious dev teams are building on BSC for a reason. The userbase is just not there and of the amount there is, only a small percentage would participate in governance or the community aside from shilling the latest "safe__" or "_oge" bag they're holding



This is not true. L2 has been around for more than a year. Although devs have just now started to build on top of it for the past year due to the issues of it being a 'child' chain it it will be the next step towards not only lower fees but faster transactions (along with the optimism rollups). Low fees and fast transactions are the only reason why BSC has gained traction.

Yes, people are priced out of DeFi due to the fees but to be honest; if you're worried about fees you aren't investing in the right projects. It's gotten to the point where I'm confident enough in my research that if I only invest $500 in something, the $60+ fee does not matter to me because I know I'll make 5x my initial investment within the next few weeks. You throw that money at PCS and you might as well be glued to your computer/phone screen because the dump is inevitable. There isn't even a reliable charting tool for BSC. Every project I've followed that has promised this has failed or is on the brink of failing due to such poor performance.




What does PCS have to do with keys? BSC is owned by Binance. If something ridiculous and downright unlikely were to happen to Binance, the tokens on PCS are worthless.

Let's not even get into how PCS is a literal fork of Uni, right down to the Github repo: pancakeswap/pancake-swap-interface

TcrGqao.png


If Uni felt like fukking them over for a few hours all they would need to do is change the dependency for the token lists:francis:

Don't get me wrong, I hold BNB like most here do (long term for me) and have thrown a few at some BSC projects for a quick 2x-4x but I wouldn't dare hold anything there long term. There is probably two good mid-long term holds on BSC and that's JUP and CAKE. CAKE only because it is at the head of the ecosystem. JUP is an actual serious project, quite literally the only solid one I've seen on BSC and it existed on ETH long beforehand. It wasn't even built on BSC.


Just compare the amount of legitimate projects built on ETH compared to BSC.


At the end of the day serious dApp, NFT, and DeFi developers are building on ETH and not BSC. That won't change any time soon.
I hear what you saying and all but when is Optimism dropping? First it was March now its July?

So probably no real UNI v3 til August?

Straight trash:hhh:
 
Top