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  1. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Great production value here, but no new arguments provided, and certainly not a balanced presentation. There is definitely a content-audience fit here though.
  2. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Ser, 1 doge = 1 doge
  3. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I've been seeing talks of this going around lately as well, but I'm not sure I understand how such and attack would actually play out. My understanding is that validators simply validate against the rules of the network, and if a validator attempted to change the rules, its ETH balance would...
  4. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Sir, think of 1 bitcoin like 1 pizza. If you divide it in two, you have two halves, but still one pizza. (1/2 + 1/2 = 1) If you cut it in 8 slices, you have 8 slices each representing 1/8 of a pizza. Again, adding up all the newly created slices, we get 1/8 + 1/8 + 1/8 + 1/8 + 1/8 + 1/8 +...
  5. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Pizza companies hate this one simple trick. When you order pizza, it typically comes pre-sliced into 8 slices. Simply cut each slice in half and instantly you now have 16 slices -- two for the price of one! This trick works regardless of how many slices the pizza comes in too! And if you're...
  6. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Given the average person's knowledge of how regular old fiat money works, it is really no surprise that something like bitcoin is still so misunderstood.
  7. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    This is my fourth 70%+ drawdown since acquiring my first BTC, and I doubt it will be my last. I didn't get into crypto for the stability. :)
  8. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Seems like now is about as good of a time as any to repost this. Remember, the moral of the story is don't buy bitcoin, because you know it's gonna crash again. Stay safe out there frens.
  9. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    This is funny, but I may be laughing for a different reason than others. :)
  10. nitrousflame

    Crypto and NFT's are not for you.

    HOT! CRYPTO INVESTING 
    Nothing like making confident assertations from a foundation of weak understanding. You hate to see it. This stuff is evolving so incredibly fast that you simply cannot apply blanket statements to any of it. To think otherwise would be akin to closing your eyes, plugging your ears, and...
  11. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    It's actually quite difficult to write a short snippet on OHM and still do it any justice. OHM is unique compared to the rest of those mentioned in that OHM is "backed" by, but not "pegged" to $1. The price can fluctuate, but will always have real value backing it. "It floats, but doesn't...
  12. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Absolutely crazy times. I didn't even get in on the IDO and I've still managed to over 10x already. 5.5M carbon tons moved on chain In a single day! KLIMA will supposedly also be a topic of discussion in the coming COP26 summit. I think it's safe to say this protocol is going places.
  13. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    So for those that like OHM, I should probably mention KLIMA. Since it is a fork of Olympus, you can think of it just like OHM, only instead of the underlying being backed by DAI, it is instead backed by carbon credits. Given the success of the Olympus model, KLIMA stands a real chance at...
  14. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Awesome vid, thanks for the share!
  15. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    Awesome, love to see it! Kinda funny looking back at my post saying I had less than 1% of my stack in OHM since now it has grown to over 10% due in large part to (3,3). Still my favorite project in the space. :cool:
  16. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    For sure man. I keep saying I haven't been this excited about something since first jumping into BTC. The cohmmunity is just awesome. There is a vote out to bring OHM to Arbitrum too. Things are really moving now and it's still only getting started.
  17. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    I think a potential mistake is thinking about this stuff with a zero-sum and/or winner-take-all mindset. I'm not accusing you of doing this, but I just see it often. It seems likely to me that something at some point will "dethronize" bitcoin, but does that mean that bitcoin is a failure and...
  18. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    FWIW, earning a 5% return in an asymmetric risk asset like crypto is virtually incomparable to 5% interest in something like USD. Also, keep in mind that you only need a very very small allocation to this stuff to make a difference in the returns of your entire portfolio.
  19. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    This is a great point, and one in which I think with some benefit of hindsight, people will look back and laugh (and kick themselves for not profiting off of). I can see the same thing happening with self driving cars. That said, I, for one, welcome our algorithmic overlords.
  20. nitrousflame

    Bitcoin / Cryptocurrency Discussion (And Predictions)

    HOT! CRYPTO 
    The video I posted above goes into this in a very visual manner, starting from a single block and building up from there, and you can even follow along with the examples on the interactive website. They also go into examples about dishonest miners and such. The friend who sent it to me did so...
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