Help with crypto

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Moretorque
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Re: Help with crypto

Post by Moretorque »

Cornfed wrote:
June 16th, 2022, 4:55 pm
It is a pity no-one seems to know how to exploit the current situation. A few thousand dollars could be turned into millions.
Jeff Berwick of $ Vigilante made millions the other day playing a crash senario...
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Cornfed
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Re: Help with crypto

Post by Cornfed »

Moretorque wrote:
June 16th, 2022, 6:01 pm
Cornfed wrote:
June 16th, 2022, 4:55 pm
It is a pity no-one seems to know how to exploit the current situation. A few thousand dollars could be turned into millions.
Jeff Berwick of $ Vigilante made millions the other day playing a crash senario...
I've already followed his advice and of course the timing really sucked. I still believe I will profit handsomely in the end, but it would be good to figure out other carpetbagging opportunities in the meantime.
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HouseMD
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Re: Help with crypto

Post by HouseMD »

Cornfed wrote:
June 16th, 2022, 6:04 pm
Moretorque wrote:
June 16th, 2022, 6:01 pm
Cornfed wrote:
June 16th, 2022, 4:55 pm
It is a pity no-one seems to know how to exploit the current situation. A few thousand dollars could be turned into millions.
Jeff Berwick of $ Vigilante made millions the other day playing a crash senario...
I've already followed his advice and of course the timing really sucked. I still believe I will profit handsomely in the end, but it would be good to figure out other carpetbagging opportunities in the meantime.
Personally I'm hoping almost all crypto becomes worthless, as the current trajectory is pointing toward. Fundamentals like gold should be where money is going, not fake coins
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Cornfed
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Re: Help with crypto

Post by Cornfed »

HouseMD wrote:
June 18th, 2022, 4:35 pm
Personally I'm hoping almost all crypto becomes worthless, as the current trajectory is pointing toward. Fundamentals like gold should be where money is going, not fake coins
Gold is a useless yellow metal other than for certain electronics. Crypto can potentially do useful things like execute smart contracts.
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HouseMD
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Re: Help with crypto

Post by HouseMD »

Cornfed wrote:
June 18th, 2022, 5:02 pm
HouseMD wrote:
June 18th, 2022, 4:35 pm
Personally I'm hoping almost all crypto becomes worthless, as the current trajectory is pointing toward. Fundamentals like gold should be where money is going, not fake coins
Gold is a useless yellow metal other than for certain electronics. Crypto can potentially do useful things like execute smart contracts.
Smart contracts are just regular contracts with extra steps. There is literally nothing that crypto does that cannot be done mpre effectively without using crypto. You want scarcity? We've got metal. You want contracts? We've got paper. You want ownership? Again, paper. It's dumb bullshit that only sounds smart to delusional techies amd dumb people. Gold has uses, crypto objectively is a wasteful and inefficient currency on an unfathomable scale. You're three or four nukes detonated in LEO away from complete destruction of the system upon which crypto depends at any given time, it is dumb.
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Cornfed
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Re: Help with crypto

Post by Cornfed »

HouseMD wrote:
June 18th, 2022, 7:11 pm
Smart contracts are just regular contracts with extra steps. There is literally nothing that crypto does that cannot be done mpre effectively without using crypto.
Not true at all. Take this scenario. A guy is skeptical about the long term utility of his wife. He places a bet in the form of an anonymous smart contract on the Dero network betting that her name will not appear in the death register before a certain date at 20 to one odds and attaches $20k worth of piratechain to it. Someone takes the bet by attaching $1k of piratechain. After the appointed date the contract uses the Equilibrium oracle network to check the death register and then sends all the coin to the appropriate private wallet depending on the outcome. That seems like a lot less hassle than any likely non-crypto alternative.
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HouseMD
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Re: Help with crypto

Post by HouseMD »

Cornfed wrote:
June 18th, 2022, 7:21 pm
HouseMD wrote:
June 18th, 2022, 7:11 pm
Smart contracts are just regular contracts with extra steps. There is literally nothing that crypto does that cannot be done mpre effectively without using crypto.
Not true at all. Take this scenario. A guy is skeptical about the long term utility of his wife. He places a bet in the form of an anonymous smart contract on the Dero network betting that her name will not appear in the death register before a certain date at 20 to one odds and attaches $20k worth of piratechain to it. Someone takes the bet by attaching $1k of piratechain. After the appointed date the contract uses the Equilibrium oracle network to check the death register and then sends all the coin to the appropriate private wallet depending on the outcome. That seems like a lot less hassle than any likely non-crypto alternative.
You're literally just describing a betting algorithm. That doesn't require crypto. The biggest issue with smart contracts is that they often fail to account for many variables, leaving them highly prone to either breaking or being exploited. Fixing them is a nightmare and costs an enormous amount of gas. So you end up with something that could have been done 10000 times easier by a bookie with a calendar.
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