Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.
Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.
It is a great way to stimulate engagement.
We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.
We are open 24/7/365.
Stay Informed About LEO!
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ETH Key Performance Indicators have been really lagging.
Some are afraid that Eth2 will be the nail in the coffin for Ethereum to lose network effects and a new chain like BSC to take over.
Does anyone think that? Do you hold ETH, why or why not
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I hold some but I haven't been adding to it recently. I don't think it's anywhere near to die or anything like that but I decided to make LEO my priority so I redirected most of my resources to it
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I hold ETH and will continue to do so simply because I dont think that chain needs the network effects in the same way as others do.
In the end, my feeling is that Ethereum will attract the Wall Street crowd. With the conversion to coin voting, all those tokens the big money players amassed gives them control.
Ultimately, I think Ethereum ends up being run by the banks.
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I agree. ETH has the existing network effects which matter in my opinion.
Given that, it has the decentralization and longevity to “not be” the next LUNA - a rising star that quickly fell. VCs are likely scared by that and will look back toward BTC and ETH to solve it
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The difference between LUNA and ETH is galaxies.
There is no way to compare the two. People are building stuff on ETH, even if it is mostly unusable. What is going on with Terra (1 or 2)?
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I don't hold ETH, but this might be the reason why ETH is dumping lately. Considering the enormous fees Ethereum is charging we should have and Ethereum killer soon. I also hope that Hive will benefit from this.
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I never believed the Ethereum killer narrative. I’m not sure if I believe it now but at the same time, it is lacking on the developments needed to send ETH to the next level.
I’d say my sentiment has flipped from accumulating to hodl and see
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Good luck with that...
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I used to be a fan of ETH, then I discovered that thing called Gas Fees. Even if I do much more with ERC20s (including stablecoins), I still need ETH to cover Gas Fees. Likewise with BNB, but not to the same degree as with ETH. For that reason I diverted some ETH into other altcoins such as BNB and CUB.
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That's the pain of ETH, the gas fees. It's a major turn off for me too :)
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Same here, gas fees is the reason I gave up on Ethereum and focused on BNB
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Its funny I did the same thing, but when I moved to Polygon for the same reason I was met by a buggy interface, so I would prefer to be on BSC, but none of Polycubs cool stuff has moved to Cub yet...
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Well, you could always hold ETH on a different blockchain as there are wrapped versions of them.
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So if I wanted to HODL Ethereum I should use bETH on BSC and if I wanted to HODL BNB I should use pBNB on Polygon (MATIC), right? Then I limit native ETH to Gas fees and native BNB to Gas Fees?
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What's the point?
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I don't see myself ever getting into any ETH project other than buying and holding which I would always choose HIVE when it comes to that.
Gas fees are too high and I don't think they are seeing this as a problem, more reason why BNB is more preferable for any new or small investor.
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Ethereum is going to kill itself with those fees.
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Oh the pains I get from gas, I call them gas pains, they are a killer. LOL
Sorry it was to good a chance to pass up...
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It's so obvious, yet it had never occurred to me until now. That's how painful ETH Gas Fees are!
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That's something to look out for. I hodl a little of it and I find it hard to let go, lol!
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I don't hold any ETH because of gas fees. I entered late and it just doesn't seem worth it. I know there is money to be made but having to pay that much is just too risky.
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I am… and just holding on to it. 😎
ETH has a different gathering of people that hold them, than most little other ones.
It is one of the few that will remain.
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I hold ETH because everyone says you should hold ETH. I think of it as dead money, not doing to much right now. To expensive to transact with and to expensive to move around. Its in the BSC bank with VAi borrowed against it to invest in defi.
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With the gas pains associated with Ethereum, I don't understand why people would want to play games there. At least NFT transactions are limited.
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Leofinance laid out some of its vision today in case you missed it.
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I really like it and it's really cool.
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We’ll keep pushing forward 🦁
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Time to release more of the White Book.
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We keep moving forward because that's how winning is done!
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Why I love Leofinance...
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🦁
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Yes, read it…
Truly great 😎
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Glad you like it!
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Of course 😁💃🏻 Who wouldn’t ?
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I was saving it for when I was done with my work and with a cocktail in my hands
That time has come so I'll get to it
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Enjoy both - reading and the cocktail :)
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Thank you, read it earlier today. It's inspiring and builds more confidence as to where LeoFinance is gearing to.
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Great vision and I am proud to be part of the community
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And so am I :) Just great to be here :)
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It's too late for me to read it thoroughly so I will read it sometime tomorrow (will keep the tab open).
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Thanks I saw the reference to it above, but have been working so hard the last few days I didn't keep up.
I hope they did launch Project Blank while I was working! LOL
On second thought, I hope they did!
:)
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Here is a proposal everyone should support. They are listening to the community to develop some features the blockchain badly needs.
https://peakd.com/hive-139531/@peakd/a-hive-launchpad-via-peak-open-projects-a-proposal
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Thank you, will go and give my support for it.
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Thanks about to look into it
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I took a quick glance and it looks like a great proposal so I voted.
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Had already voted 😉
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Voted and voted via Hivesigner
(this account and the -.buzz account)
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A new Terra chain will be launched on May 27 and there is no algorithmic stablecoin. Do you think Terra 2.0 will be successful?
https://agora.terra.money/t/terra-ecosystem-revival-plan-2-amended/18498
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Going to be hard. The key is going to be whether anyone ever builds on it.
That is the problem with a lot of this stuff. They can monkey with the tokenomics all they want. Show me the applications. What reason is there to hold the coin other than speculation?
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I'm not very experienced with these matters but I was wondering if there would be a better solution.
The low total supply is pretty good, but why should people hold assets and why would new investors come in?
Frankly, it is a difficult process, but ultimately the decision of the community will be effective.
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There are at least 2 reasons to use the thing, and both are minimal at best:
As tools for DeFi or anything else, I can't say one way or the other.
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From what I know there won't be any stable.
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That is a very possible outcome. In that case, we need to make sure that HBD is the last one.
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I am more inclined towards the defi, since it would be a monument without utility, unless this terra 2 will be PoS and applications can be developed.
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With a ruined reputation and nothing to stand out, I agree with you. Why would an app choose the new Terra chain over an existing chain? I don't see any reason to.
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I think they should build something new, but not like this.
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Well, believe it or not, there will be applications developed there.
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Exactly!
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The problem is that people are fearful to even speculate on it...
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Well you are right, since the only motivation to have the token is to recover losses haha.
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Good points, I think the big three determinants of success are community, utility and dev activity. I think this community is mortally wounded. Part of it may survive, but what will be built on it and how many applications are leaving?
Will the last one out turn off the light?
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Well Do K firmly believes that this decision for a terra 2 would benefit the community that loves him so much, so it would be a matter of time.
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Sometimes bankruptcy is inevitable.
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I’m very much in the middle. There’s a lot of support for this and I know that terra lunatics are looking for a way to get some gains to recoup what they lost on TerraV1.
With that in mind, I believe that many will look to cash out their LUNA 2 and make a bag. Long-term belief has been ransacked but there will always be some core hodlers
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I was particularly surprised that the total supply was lower than I expected. At the end of one year, the total supply will be 182M.
The effort and support to resolve the issue is promising, but the behavior of investors will be very influential. Frankly, I am not sure if they can attract new investors. I'm in the middle too. It's a difficult process, but I hope they succeed.
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Hopefully this will be a lesson for everyone, I know that luna v2 will be successful, since everyone forgets so quickly.
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I hope the lesson is learned, but as you said, unfortunately people forget.
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Hmmm
So they are incorporating deflationary tokenomics to improve token price?
Could work
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But this does not guarantee that there will be excessive inflation in the future.
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That's true, but keeping the total supply low is still a good way to go.
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Low supply is a good way, but new investors are essential for salvation anyway.
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I find it hard to believe they will benefit from many new investors. They will have to regain trust first.
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I agree, I'm not sure if they can attract new investors. But they have to attract new investors if they want to be successful.
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This is a very important point, although if there is a lot of money involved, trust can be bought.
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I think there will be a ton of people who lost money and just want to get out while recouping some of their losses. So I think it will face some heavy sell volume and I don't think I have seen any roadmap to show why it would succeed.
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I haven't seen this either, but if they can offer high-reward features, sales might be hindered.
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I'm gonna be a part of these.
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And that's what they hope to do, buy the token at a skinny goose price so that when it is in the $20 range or more they will take profits, if this token is published on Binance I would also buy when the price hits the low end to try to recover some of the lost, I know that will be the case.
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Who's gonna buy LUNA2?
It's a lot of frustration around this thing and we also have the bear market which makes the life of luna2 quite hard imo.
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LUNA is pumping pre-snapshot which is to be expected.
I’m not sure who will buy it but I know that there are tens of thousands of people out there who lost millions and millions of dollars. Their only way to see that money again is to do everything in their power to make LUNA2 a success.
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I will buy at the lowest price when the whole market unloads recovering losses, then it will be the perfect moment.
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Good luck!
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Well, I support what you say, when the token comes out it will skyrocket and then fall sharply and then rise steadily until everything normalizes, the bad thing is that not everyone will be able to recover their gains.
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I agree with this outlook. IN the face of such huge losses, the majority motivation will be recovery of loss capitol. However Do Kwon is charismatic and some may still see longterm riches ahead, and those two groups will stick with him. I just don't know if this group will create a viable community.
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If they do, it will only be a matter of time before we will see LUNA2 with a huge following and back in the top 20 of the largest coins by market cap.
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If they can offer high-reward features, sales may be hindered.
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I haven't read anything about it yet but I wonder if they fixed the main problems that caused their demise
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Well, we can be sure that centralization was not eliminated, but rather it was reinforced.
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You can find information about the Terra Ecosystem Revival Plan 2 from the link above. There are also user comments on the same page.
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Yea I don't see anything about how they won't have anything similar happening again.
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UST was their main problem and they discontinued it, but also.. That was one of their main attractions as well.
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Good point, the algorithm stability different from USDT was what caught the attention, without that the new moon will be just another coin out of the 20K+ that are now out there.
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haha, absolutely and there really are 20k now, crazy, I expect to see some consolidation of projects this year, but who knows.
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Well, with this massive and prolonged fall, valuable projects are being brought to light and those that are smoke and distractions will disappear, for example luna.
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Absolutely! Luna is the Enron of crypto right now. Shock waves are slowing down though.
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Good points
THey Jetisoned UST
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Although it may seem to be the main problem, in truth it is a list of many.
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That's interesting to see. If I were a hodler of the token, I would probably find a way on how to cash out soon as I see an opportunity.
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That’s the same most lunatics will think
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Probably :) Most might have been shaken to their core.
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Most people think the same. That's why they need to attract new investors to be successful. Why should they invest? Unless there is an answer to this question, things are difficult.
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Yes, they scared people with the fall and let's see how this attempt will go.
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A good plan can produce a solution, but unfortunately there is no good plan to produce the solution so far.
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Maybe Do K is already planning the next rugpull haha, that will be the offer for investors, panther capitals-like profits before it all collapses.
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And it will be too bad again for those who will fall prey. He better be good or he'd be thrown in jail hehe
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Yes, but an obese fish like Do k who has good contacts will avoid jail at all costs.
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True Trust is hard to earn, easy to lose and impossible to get back. They need to find investors who have never heard of them.
Does such an investor exist?
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Well mansa musa but it died a long time ago haha, I don't think they have such a damaged reputation that it will be difficult, just venture capital I think is the solution.
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There are many gamblers in the market, but I don't know if they can attract them from now on.
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They sure can still attract investors, only those who are there for the rewards i.e sell as soon as things goes up.
In the meantime, it will be nice to see how they turn things around
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They have to offer a good option to avoid selling pressure, otherwise the plan will be rubbish.
I hope they manage to turn things around. And I hope people regain their lost. Difficult but not impossible.
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Yes, they are thinking just that. Let it go up… even a little and dump it all.
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Yes, but we'll see how they are going to react to it.
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We will find out for sure 🤓 would be interesting to follow… closely.
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Yes Jackie, hoping for the best for them though.
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Of course, we don’t want to wish any harm to anybody.
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Hahaha that's the plan of 80% of all the people waiting for the launch hahahaha including me.
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I so know… 😉 hope it goes well for you!
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Oops, lol! Better be fast. I wonder how many out there are waiting for the opportunity to do so
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The waiting list is very long haha
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And you wouldn't be the only one haha.
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Haha, cheers! It's just natural, can't blame anyone who will do it.
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Thats what I am thinking..
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Glad I wasn't the only one thinking kinda selfishly hehe
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Many people have the same concern.
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Yes. It can't be ignored.
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LOL…more like rationally :)
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Lunatics are just trying to make back their loss. Trust me, these people will dump their coins when they have the chance
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I'm gonna be one of them.
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The loss is big so they try many ways but it is very difficult for them to get their losses back in the short term. Most will sell when they get the chance. Terra 2.0 wants to attract market gamblers. If they cannot attract new investors, their job is very difficult.
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It’s really difficult with the amount of reputation they had previously built, it’s so sad
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Unless they make fraudulent moves, resurgence will be difficult.
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They have made the token distribution conditions more stringent. They will have about 1 year to solve the problem. I wonder what they will do.
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True, those investing only what they can afford to lose with the specific goal of cashing out asap.
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I completely agree. I don't think there is even a plan to make this new chain succeed so I would sell if I got the airdrop.
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I think most people think the same as you do. If they can offer high-yielding features, there may be no selling pressure. But I haven't seen anything like this on roadmaps.
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Me too :D
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That is more certain than death.
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Hahaha!!! I feel sorry for the entire project, both new and old
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Yep I see that happening
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No, I don't think it will be successful. UST was the factor that made Terra stand out and I don't see any reason why people would choose the new chain over an existing chain like Polygon or etc.
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I agree with you. There is nothing tempting in the plan that can attract people.
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What do they say the new chain will be capable of?
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Plan 2 is here.
https://agora.terra.money/t/terra-ecosystem-revival-plan-2-passed-gov/18498
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This should have been domes earlier instead of increasing the supply.
It's going to be hard to catch up or recover most of their investors' losses but this seems like a way forward.
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At first, increasing the supply was a bad option.
Doing something is better than doing nothing. We'll have to wait and see how the plan will work out.
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Let's sit back and watch how luna 2 will perform with time.
I hope they can pull it off this time.
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We'll wait and see.
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No. It's created by the same people who made luna what it is right now... I don't know if I'm gonna be airdropped any token, although I own some luna on binance, but even if that happens I'm gonna dump.
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They will take the snapshot before the crash and distribute it accordingly, starting with the small investor. I guess it will be distributed to those who have less than 10K LUNA at first. But this plan is constantly changing.
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Everyone will get it, the ones who held prior to the attack as well as the ones who bought after.
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Yes true.
If the plan doesn't change, here are the details.
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Looks like a plan :))
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I think not, when trust is lost it is very difficult to regain it. If the general market turns bullish then they may have a chance.
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I agree that it is difficult to rebuild trust. But there is no problem that cannot be solved with a good strategy. Also, they still have the support of the community, I don't think they will find this support in the bull market. That's why I think something should work out in the short term. Sure they have a long way to go to fix the whole problem, but the community will want to see something work out.
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They may grind back over time, but I'm not seeing a quick return to the $100 point or anything.
Some stipulations on selling the drops were also put in place, so, it's going to be interesting to watch and a long term game if it works at all.
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Now when I checked, they changed the token distribution conditions. This looks a little better, at least there will be no sales pressure for 1 year.
In addition, Luna 2 will be distributed to those who bought Luna after the collapse. (Frankly, I didn't expect this.)
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Thank you so much for adding this to the discussion! Good Information.
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You're welcome, I'm very glad if it was helpful.
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Yes, because crowds forget quickly when money is involved. Sad story.
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I think most are looking to recover losses. I suspect they will exit once this is accomplished. Trust is hard to earn, easy to lose and hard to ever recover.
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Now I don't want to be the black sheep, but who's gonna trust luna anymore. The least they can settle with is a fanatic community like the one of XRP and a new token that will float around the crypto market for a while.
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Their reputation is just lost…
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Exactly what I was thinking.
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I agree with you on this. One may have learned his lesson thru the experience.
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I hope they learned their lesson.
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Hoping the same and I do hope that this will turn out well.
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We'll wait and see
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I've just come to realize that buying during bear markets and selling the euphoria of bull markets might make me some money. I have a feeling we're gonna have some nice buying opportunities in crypto laying around this summer.
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REMINDER!!!
#CANDIE time. Get those jars filled. If not you risk going without when the sugar runs out.
After all, can always use it in your coffee if you like.
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Just collected 60, almost at the top 😉
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There is a DPorn reference in there somewhere.
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Could be… maybe… who knows… or you just wish there was 🤣😎
Tells the state of your mind 😋
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Hahaha!!! And the cycle begins again.
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It does… hahaha (if you want to collect more of course)
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Got my 40 for the day
That's the age I hope to retire
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Slacker.
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That's really nice. All the best!
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Nice one bro, I wish you luck. Haven’t thought of a retire age before 🤔
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Passed that one already hahaha
But good luck to you 😎
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60 in the jars, thank you. Almost missed it.
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Just collected 40 today. Let’s go!!!
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50 candies for the day. Thanks for the reminder.
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I just posted another update about what @leomarkettalk added to the pHBD-USDC liquidity pool.
This is liquidity that goes in which will never come out.
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Congratulations on adding to the pool and will be reading.
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And that liquidity will continue to compound as you get some unlocked PolyCUBs.
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Coinbase extending its TRUST network.
Will it be around much longer?
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I don't think this will go well and I wonder if innocent people will get hit. I wonder if it's a way to confiscate some funds from people.
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Well its only money.
I wonder how much the Twitter bots will change the price tag for Elon.
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I smiled when I saw the 5% Twitter bots number mentioned in the filing. I've been on there for quite awhile, and the people were "realer" back in the early days!
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Elon Musk is so eager to get Twitter, I think he's just bluffing, eventually he's going to buy it.
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That might be the case. He is probably just taking his time.
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Everyone wants to be strong at the bargaining table.
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Yep, that's true.
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As far as I know, Elon Musk won't stop buying Twitter.
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He won't stop indeed. I don't really know what he saw in it but he will definitely close the deal :)
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$33.5 billion is what he's offering according to some tweet I read today.
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Yes, I saw this news somewhere. He made statements last week as if he was giving up on buying. At that time, I said that he was bluffing. I think he wants to be strong at the bargaining table.
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I honestly don't know if he still wants to buy Twitter. Tesla dropping in price doesn't mean well for the current price deal and I feel the Twitter bots were just a negotiation tactic.
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Click the image for a full-size view
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UPDATE--
We crossed the 101M mark. Currently 2,558 into million #2.
Has anyone here used either BuyMeCoffee for tippping at external blogs or BuyMeBerries for tipping here on Hive? I've seen BuyMeBerries at D.Buzz, but I've never used it. Tonight I discovered that the tipping is done using HBD. That's more than I knew this morning.
I was wondering how well these services worked as tipping mechanisms in comparison with the engagement tokens many of us tend to use here.
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I noticed the banner of BuyMeBerries but never really looked into it.
That's very interesting. I wonder how it works, may need to check it out soon.
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I think I have seen the berries thing around but not the coffee one. I haven't used them though.
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When we sign up for a Hive account, we also get access to the "berries" feature. So for me, the link I use in a post would be
https://buymeberries.com/@magnacartaand the tag I include in the post would be#bmbhome;D.Buzz has a widget for tipping buzzers in "berries" (in reality, HBD). For the rest of Hive, we can incorporate linked images or text into our posts to make "berries" tipping available to other Hivers and Leos. This isn't difficult in any way.
I just don't know how to ensure that I have enough "berries" (HBD) available for tipping purposes. So tipping in "berries" isn't the same as using PIZZA, LUV, LOLZ, etc.
The coffee equivalent is for blogging platforms such as WordPress, Wix, SquareSpace, etc. It should work the same way, but at the moment it's not my concern.
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Nope never used any in the past, you know more than me. 😉
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BTC extremely undervalued according to JP Morgan and is now its preferred alternative asset? Interesting. Source
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A follow-up article about JPMorgan's view of cryptocurrency. Is cryptocurrency now more profitable than real estate in the eyes of JPMorgan?
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That's very interesting. I'll have to go read it :)
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Yes, really interesting given the fact that it was a giant bank speaking. 😄
Means they know opportunity when they see one :)
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If I am not mistaken, they bashed crypto during its early stage. The good thing is they changed their mind.
It's great that JP Morgan is coming aboard the BTC boat. And this too:
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That's also huge! VCs are really rushing into the crypto space.
Yes, it's exciting that giants are getting in.
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That's what I'm talking about when Bill is trying to openly show people he's not investing I'm crypto as he see no use for it.
I will bookmark this and read during my free time. I'm sure it'll be an interesting read 😊
He's definitely going to be like where have I been all this while when other were buying & holding crypto lol.
I'm still waiting on Bill sometime in the future
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Gates contra JP Morgan. 😄
Any fan of Polkadot-parachains here? Source
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Not me :) But it would be good to read what is it about so thank you for sharing :)
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Polkadot is actually my ideal blockchain prior to my entry here on Hive.
Although I have traded DOT for sometime, I never really explored its chain.
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If I am not mistaken, together with Kusama, Polkadot is a pioneer when it comes to parachains projects. I saw many auctions related to this project since last year posted on coinmarketcap.com. It's the 37th now.
Wow! Cornucopias, is a project based on Cardano which aims to revolutionize the gaming industry with its four ways to earn: "play-to-earn, build-to-earn, learn-to-earn, and host-to-earn." Source
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This got my attention.
I love the fact that it can provide real world value and help the society.
*It'll be nice to see projects like this turn out to be a huge success. * we need more trees to save our ecosystem
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Really got me curious. I am checking on ADA.
Please do 😊
Every tree matters. lol
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😊 Yes, they do.
!PIZZA
The current BTC price reminds technical analysts of the March 2020 bottom. That's a great chart out there. BTC is now sitting at the bottom of the wedge. Technical analysts consider that as bullish. Source
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Few months from now, that 10% will certainly increase. Source
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I did keep a little of eth too and have often heard a voice urging me to swap for hive and stake. Instead of just keeping it idle.
Hehe, did you listen to the voice? I wish we converted it when ETH was $3k :)
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This is really a bad one will listen to it now.
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Hahaha, that's right :) Just ignore the voice :)
I think this is something that can add great value, and most probably attract more users.
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