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.
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Someone asked me how to get the CUB charts so I thought I would share the link to a post. At least this way you can kind of figure out the price action of CUB recently.
https://leofinance.io/@mawit07/leofinance-s-cub-price-where-to-fine-price-chart
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I just check Coin Gecko. Though they don't have historical charts. Coinbase does though but does not support trading of CUB, yet.
https://www.coinbase.com/price/cub-finance
https://www.coingecko.com/en/coins/cub-finance
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CoinGecko was added today. It wasn't there yesterday so I thought I would share the links since someone asked me where I was looking at it before. It's always better to have more options.
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Thanks for that. It is a big help. Although getting on CMC and now Coingecko really will help.
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Are we now on CoinGecko?
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I think it came out today.
https://www.coingecko.com/en/coins/cub-finance
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Nice!! Now we've got to get it tagged to the defi group....
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Yes we have some work to do but being on there is the start.
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This is a great help colleague, so I can analyze it :)
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I had a laugh since this showed up in my feed. I think it is kind of misleading since its only looking at the S&P 500 companies.
https://www.postbulletin.com/lifestyle/money-and-finance/6974069-Ask-the-Fool-Who-are-the-women-in-charge
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Man or woman. Black, white or brown. Straight, gay, somewhere in between. Brown-eyed, blue-eyed or hazel-eyes. Short, tall, fat, or thin. Atheist, Agnostic, Catholic, Protestant, Jewish, Moslem, Hindu, or Buddhist.
If they can get the job done? Does it really matter?
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It doesn't matter but with the tensions going on in the US, apparently it matters to the ones running the media outlets.
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The media is polluting the minds of the populace. People cannot think for themselves. They need the media which is very sad. It seems for the vast majority they've become puppets in the hands of the puppeteer
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Yea it definitely is sad but the most we can do is to point them in the right direction if they want to listen. Its funny how often the media contradicts itself so people would start thinking.
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Some would but most don't , people are very stupid lol.
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you know right! i have stopped talking to people about crypto because of this. they keep asking " where does the money come from?" and I am like "where does fiat come from? a corrupt government you barely truth?"
lol miss me with that bullshit
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the information is out there but people don't listen. it is almost impossible to believe that a system that has profited you in some way is bad. this is the dilemma of most individuals. well I am glad I am out of that mess
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It is all about Television rating points for them , they don't care about anything else right now . They seem to worry more about money than about society . They can influence in a big way and they are using that power in a wrong way.
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the things we do for money. seems everybody got a price. i wish we could be more objective but with the plethora of information out there, it is almost impossible to verify everything so I get why so people are hooked on platforms that have proven to be reliable in the past.
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I agree unless we work for something better than Money .
I would love to have a job where it makes a difference and satisfaction is my reward and money is secondary .
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Well gender equality is something I think we must take seriously .
Man or woman , does it matter? If we are looking a particular position - then NO . If we are looking a bigger picture like the whole nation? - Definitely YES , we should see why there is only 6% of women becoming CEO , what is hindrance ? What is stopping it from reaching 50% ?
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The word is 'competency'
If you're competent you should get the job irrespective of your gender or affiliation. We are treading a dangerous line with these new ideas. They all seem laudable but the end is chaos.
I know there are groups and people who have been marginalized. The job is to get them to the table not to feed.
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You are very right but what if I am competent but due to various other factors I am not getting the opportunity ?
Saw for example - what if parents force the daughter to marry than to pursue her dreams ?
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there are no absolutes like Naval would say. situations are different. in this case, the said lady is a victim of her circumstance. maybe she would have a chance to make things right. i believe we all get a chance to change the course of our lives in the right direction
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True but as you said it depends on the situation . There are lot of people out there who are fighting to just get freedom so to reach their potential they have to fight a lot more ( which isn't true for say "me" ).
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Unfortunately, I am one of those people fighting for their freedom in so many ways. I have enough reasons to fail and they all seem justifiable but I would rather fight for my chance in life. Fight with everything I have got. Nothing is guaranteed but I would rather die fighting
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Well although that particular article only focuses on S&P 500 , it is actually true for other companies too ( atleast in India ) . I usually am interested these type of stuff and there really is inequality here .
Due to various social factors , women aren't yet able to reach their full potential .
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Yes, the same happens here. There are some researches that show that diversity is actually good for business results but we don't see it that often here. We still have too few women, black people and minorities in general in leadership positions.
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Diversity is good but I don't think moving people without the ability to take these positions is a good idea. If they have the skill set and ability to do the job without issues, then yes I think they should be moved up to leadership. But changing the pool to only woman or minorities can make some unqualified people move into leadership positions.
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Yup, that's the idea. The problem is today the exact opposite happens. We have a lot of people moved up to leadership because they are white and male even though they lack the skills for the job.
Not unusual for a woman who is actually more qualified to get denied to a promotion and usually a very bullshit excuse follows like "Oh she's good, but she doesn't have the emotional control that the job requires" and stuff like that.
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Very well said , these are the scenarios we must find a solution to . I don't believe in "white privilege" but sometimes "men privilege" happens :/ unfortunately .
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You are right but what I am trying to say is , there are women with good skill set but due to social disability they aren't able to reach their potential .
I am not speaking for all women , I don't like 50% of the office should be women even though they don't know the job - NO , only those women who have the skill set but aren't getting the opportunities.
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Right on , same here in India , a survey done couple of months ago said we are losing more than 250 billion $ because women are sitting at home taking care of family only rather than working even though they are capable of working.
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In the US, I wouldn't say as much. Although there is still some inequality, there is definitely some concerning issues. For example in the military, I don't think they should reduce the standards to enter or pass exams because too many of them fail. If there is a problem with the exams itself then we can address it but to decide to change it just because too many of the recent woman applicants have failed it is bad.
You have to realize that they might be going out to war and if they can't do the basic stuff now, what will happen to them when they are in a situation that requires these skills?
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Very good example . I agree to that . Bringing down standards , pulling down men isn't equality , it is about uplifting the women.
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Part of it is what women choose to major in during school. I come across so many who get bs degrees believing that someone will hire them.
Few going into the stuff that leads to the top.
From my experience, a women's best path is in sales. They usually will outperform the men and sales and marketing is where a lot of CEOs come from...at least they always did.
Tech companies tend to be a bit different.
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I absolutely agree and I don't support those . I am talking on behalf of those who have the necessary skills but due to social factors they are restricted to not work .
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Good afternoon everyone! What do you guys think of my idea to interview the people willing to talk about their new DeFi liquidity apps on binance, like dragonball finance.. that's kinda hard to wrap your head around.. I mentioned you taskmaster, and what you said about different coins being like a lottery ticket.. and expanded that to DeFi protocols
[Audio recording]
http://isbet.net/downloads/2021-04-10%20Podacst--Unorgmilitia-with-DeagonballFinance.mp3
Sounds like a fantastic idea. It would be great boon to our community here on LEO Finance. I, with great many others, am looking for LEO Finance to be the Forbes of the cryptocurrency niche.
Hope it works out well.
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We have a lot of work to do to get there but it is a worthy goal.
ProjectBlank is needed to clear out some of the bullcrap posts and get them on the short form content site.
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Yea man, I just see all these different new meme coin DeFi apps coming on binance, and everyone assumes anything but Cub is going to be a rug pull scam, but that's how most of crypto goes, so I wanted to dig in a little bit and see why TF someone would go through the effort to make a meme DeFi platform.
This is an interesting road I’m going down but it’s leading to a lot of networking and onboarding opportunities.
Sounds cool if you can make it happen!
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It already did happen, I can link you to the video sometime or check it out on my profile
I think its fine. I think it would be better if you tell them to make an account here and make a post about the platforms they are in. Then give updates from time to time. It may be a lottery but it helps people understand what went on.
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That's a good idea actually. A good option to get more people on board.
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Yea I definitely plugged everything as
Much as possible
Yea I just watched the rerun of your interview. He sounded interested but I don't know whether or not he will join. It does seem like he was most interested in his own project more than anything else.
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Ooh yea, his project just hit the streets 2 days ago, and the AMA was about his project, not hive.
This is my way of gorilla marketing hive to these DeFi projects, who being able to let them expose themselves and their own incompetence.
It is always good to learn about different projects.
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@hitmeasap @jfang003 @sgt-dan
Hm I am interested in this but I don't think I can sit and watch for 1 hour though :( Lack of time , if you post the highlights of the interview it would be great .
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I understand what you mean, I’ll considered doing a condensed RE-cap version of this. I can’t promise that this will get done quickly or even be started before you might have the possibility of finding time.
OH okay , thanks for considering it :)
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Have you entered the "#whyamihere" thing yet? Will you?
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I will. Just checked it out and me and Marky joined the same month. I can go back and dream of simpler times, with visions of Jerry Banfield and his mile-long posts, dancing in my head...
Didn't he do a strip-tease or something? :)
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Not sure, but he became a big, fat meme though.
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I'd get in, but the truth is I've been on Hive for less than a month hahahaha. In 3 years I will publish my post on how I got into Hive.
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Well.. You could cover the "how did you get here" part and just ignore the "and why are you still here". :)
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It would be interesting to get new users perspective too so no harm in participating :)
!WINE
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Okay I'll try just the "how did you get here" part.
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I don't know about it yet. I'll have to check it out
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Sorry for not including a link to the post. It's been added.
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No worries and thanks, I'll check it out :)
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Ain't that what we are supposed to say? lol
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Haha yeah, I suppose that's what people expects you to say.. Would be cool to see people saying the opposite though. xD
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Can we get more information about it? I don't think I remember something like that going on.
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Sure, my bad for not sharing a url to the post. :D
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It makes for a good topic. I'll put on my list to things to write a post about. I never really did make a top level post about how I got here. Though in short Brave -> Splinterlands -> HIVE.
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I'll probably do the same thing even though I have talked about it here and there before as well.
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No I havent. Not yet.
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Does that imply that you will make a post?
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I haven't either but I think I will. Sounds like a good topic to relive and also get on the "permanent record". lol My grandkids can find it some day.... :-)
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Yeah, I'll probably make one too. I haven't decided yet though..
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I will tell my grandkids to post the data related to your account :p
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Thanks for spreading the word around I might try to make a post about it if I can find the time
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I'm eager to read these stories from people, which is why I shared it and asked about it in here. :D
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I hope I'll get around to writing my story one of these days, kinda of busy with work this week
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Yeah, I'll try to share my story later on today. We'll see how it goes..
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Haven't checked it out yet but seems interesting , will definitely participate .
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I've decided to participate. I'll probably make a post later on today.
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I wonder what is going on with the LEOM and LEOMM tokens. Their up, their down, they can't decide where to settle for a bit.
I was thinking that maybe people were selling to invest in $CUB, but not sure about that either. Just wondering if anyone had thoughts.
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I must be the only one still buying little bits and pieces. Not much action going on there.
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Buy it , it will be worth it according to me , not a financial advice though lol .
How much do you have so far?
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Not as much as I used to, before I had to sell when things got tough finacially. I had gotten a bunch cheap back when LEO was $0.03 but had to jettison them. I have 17 regulars and 3 megas. I purchase little bits here and there.
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There are many who buy what they can, when they can.
It is a smart move to keep adding, however you acquire it.
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I think part of the problem is that Hive keeps moving around so much. Every time Hive goes up, buying them gets "cheaper" in Hive and when it goes down, selling them to Hive gets you more Hive. There are probably some smart people with enough time on their hands to pay attention, taking advantage of the arbitrage (for lack of a better word) being created. Just a guess though...
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That is also true. The price of Hive affects the price of LEO, at least on HE. Of course, there is bLEO and wLEO which help to offset that, or should.
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Yes but I think the APR will naturally correct so that bLEO, wLEO and CUB should be close to each other. If it isn't, there should naturally be people adding in on the other fronts to get more returns.
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They don't "add in", they arbitrage. When Hive spiked, Edicted sold his Cub for bleo at say 1.00, moved bleo to leo, sold the Leo for 1.5 hive before the orders changed, then sold the hive for busd or bnb, then moved it back and bought Cub. I think he said he made like $400+ and bought back around 130 more Cub than he started with. So, you are correct that bleo, wleo, and leo should all remain close to each other but it is BECAUSE of actions like this that that is the case.
It is the same for any crypto on any exchange but the fact that Leo is not very liquid on H-E makes those opportunities more prevalent.
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Yea the liquidity on HE is fairly bad. I think the early people might get a bit lucky with the diesel pools creating a buy or sell wall.
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Arbitrage isn't the right word I suppose , it is the market maker making money for them . It is just a simple buy low sell high concept but the price ( for low and high ) is determined by Hive price and not the token price as you mentioned.
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I am thinking that the lack of communication is having an impact upon things. Leofinance was known for keeping everyone in the circle in terms of what was happening. Now there is only silence. We see a couple things on Twitter and that is all.
My guess is it is affecting the movtivation for both LEO and the miners.
That is just my speculation though.
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Yes I agree. A lot of people are asking wen blank or wen bridge and etc. I just want them to keep people in to loop for how things are going. Also HIVE seems like it might be ready for another pump (range traded for a while) so they might be trying to hold liquid HIVE.
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That could be (the part about Hive) although I dont see much of it. Each post I see related to it, it is the other way. People seem to be shedding Hive for Leo or Cub.
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Yea it is weird. I wonder if some people are trying to get in early and moving out their HIVE to their wallet. I saw that some people couldn't get out with the LeoDex withdrawal since others front-run them.
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True, in fact nothing more has been said about the microblogging platform, we don't know how it's going or when the platform will be launched. They are too quiet lately and they shouldn't be, they should be in constant contact with the community.
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That is what most people conclude. Without knowing, they presume it is dead.
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Communication is vital and a lot of us have experienced what lack of leadership and communication got us before. I'm sure there is some truth in that speculation..
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It is the out of sight, out of mind.
If the team is not constantly updating, people believe the project is dead. Accurate or not, that is what people believe.
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Yeah, you are right. Constant updates makes people feel "safe". Less communication makes people nervous and anxious.
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LEOMM is way too overpriced to be honest , lack of calculations is the reason people still buying it according to me .
LEOM on the other hand is a great buy .
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I am thinking about buying some LEOM if they get cheaper to be honest . I believe in LEO and I like miners .
LEOMM on the other hand is overpriced right now actually.
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Although noise cash said they are backing down on not giving tips to people promoting other projects, if you try to find that post on their official account you won't be able to and the link I had to that post doesn't work. Looks like they continue to act as shady as they usually do.
So I did an experiment ( more like a yolo) an posted a meme promoting hive on noise cash, and what do you know? after a few hours I started receiving way less free tips. Although they got rid of their rating system in which they labelled users according to the "quality" of their posts, in reality you still get labelled only in a less transparent manner because it's easier to do shady stuff than to be transparent about it and get a lot of backlash when you say tell your "genius" ideas to your userbase.
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I'm not there and after reading some stuff like this I don't feel like it anyways
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some are earning some nice rewards there ( nothing compared to Leo or hive but nice in the sense of free money), you just gotta shill BCH from time to time
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Lol I see , you shill BCH and I will just renoise it.
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sorry man I only shill hive and leo :P
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Might as well bilk a few tokens if you can. Why not?
If someone can get some tips and bring them onto Hive and buy other tokens, why not do it?
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That's the exact mindset I have too. If they ban me , I won't lose anything , the BCH is already in my wallet . I will just use that to buy Hive when they stop paying me or ban me,
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I've encouraged people that have shown interest in hive or leo to make an account and give it a go, and I also make memes promoting hive quite often, other than that it's not worth it to spend any more time on the platform in my opinion
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The only reason I am over there is to promote Hive and no matter what pseudo-censorship rules they bring I will continue doing that until they ban me.
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I am not surprised. I guess they are just taking things behind the scenes and started shadow banning content soon enough. If they are going to act like Youtube and other platforms, they might as well not advertise as a free platform.
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No much of a surprise there.
They can say what they want, they made their point clear with that one post.
They want all other stuff out.
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they do but without the community backlash :P
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Lol I guess they realized majority of the active "good" authors on their site belong to Hive .
I continue doing the same thing right now and I am getting free tips actually so I guess so far nothing has changed.
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I also continue to receive tips but they tend to be much less after I post stuff promoting hive
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Hehe I see , well take it as long as they give out that's it.
BTW how much BCH have you accumulated till now ?
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around 0.01 I think , I made more money from posting about noise cash on leo finances :P
Lolll I know right , I haven't posted anything about noise.cash because well I don't have access to their data :p
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There is a back and forth between Peter Thiel and Novogratz.
Here is a look at Bitocoin mining.
https://ambcrypto.com/is-bitcoin-mining-in-the-us-seeing-a-revolution/
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Novogratz thinks U.S. needs a digital dollar to combat the Chinese.
https://cryptopotato.com/bitcoin-bull-mike-novogratz-predicts-existential-crisis-unless-the-us-creates-a-digital-dollar/
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I guess I don't know enough about the dynamics of how those dollars would be used to give an opinion on this. One thought I DID have in reading the article is that is seems to me there is a very strong case that bitcoin needs to go into the hundreds of thousands of dollars to ultimately protect it from any one entity trying to dominate it. I mean, it would take a trillion dollars to buy 10% of bitcoin at $500,000. Right now one trillion could buy it all. Obviously the price would rise drastically if that kind of money came in but...it seems to me it would be much less vulnerable 10x from here.
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Without a doubt. Resiliency comes from a higher market cap. It also comes from more people having BTC in their portfolios. Even if it is just a small piece, that spreads the holding out.
The long tail is vital. Those who have between a half and 1 BTC can really provide stability since, if truly hodling, they can reduce the amount that is liquid.
Those hodlers have to be individuals. That is what makes it stronger.
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Well being behind China definitely isn't a good thing for the US. I think his worries are geared more towards people finding out about the liquidity crisis and a digital dollar would help alleviate this.
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Yeah the race is on. China has some demographic problems that people are overlooking. I dont buy they can be a true leader over the next couple decades as their populations starts to reverse course.
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I only see more issues happening but it might be a while before they decline. Especially when most of the world leaders do everything they can to appease them. Though the recent outcries does surprise me but I want to see actions behind their words.
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The challenge for China is as much as they hate it, they are dependent upon other countries. They are still a major exporter which ties them to other countries especially the US.
That is why the destruction of the US economy was so asinine. If we kill that, then China really doesnt need us.
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Yes and the US isn't doing so well because we are a major importer. When we import, we are importing the deflation from other nations.
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Well it was a short read but I kind agree. There is no point in rejecting BTC if China has accumulated a ton of it. However I don't know if they will be Pro-BTC or not since they want to promote the digital Yuan and banned miners.
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I think BTC is moving away from China.
It just seems they are fighting it a lot. I think the mining is moving out of there.
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I think China will maintain mining dominance (even if secretly) because bitcoin has global strategic value now.
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The problem is that energy costs are going up, making it a lot less profitable for the miners.
They are relocating to areas such as Norway where renewable energy makes their operations a lot less expensive.
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Come and mine it in Venezuela buddy, you don't pay for electricity here hahaha (sad and true).
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I read that they were having trouble with their electrical transformers being sabotaged?
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That is what the government says, the electricity problem in the country is the government's own fault. The electric service belongs to the government and they have done nothing to make it work properly.
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That is no surprise. Most problems can be tied to government or politicians.
Of course, they all deny it.
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These milestones are good to see.
DeFi is not going away in my opinion. We are only going to see the TVL grow as time passes. This is especially true if ETH hits $10K like someone wrote about today.
For now Compound is in the lead.
https://beincrypto.com/compound-becomes-first-defi-project-with-over-10b-tvl/
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Yea but I wasn't expecting Compound to be the first. I guess all that money going into ETH is just way to big and the ones with the best marketing will win.
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Well ETH is attractive to big money players. Just think about it from a liquidity standpoint.
If you had 2.5 million dollars, would you go to Cub? Of course not. You need to be in a big enough pool to be able to handle that without being locked in due to a lack of liquidity.
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Yea I think many of the bigger guys might not enter until the TVL increases by quite a bit more. I have put CUB on my list of things I want to add on next month so I am hoping it doesn't run on me.
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Coingecko has the total market cap of crypto at $2.1 trillion.
How long do you think it will take for this to hit $3 trillion?
My guess is we get there within a month. The bull is far from over.
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when do you think the bull run will start slowing down ? autumn maybe ?
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Hard to say. We are still driven a great deal by BTC and now I guess by ETH.
It is going to be interesting to see if anything takes off due to development. At this point, it seems to me to be still just pump generated due to financial games.
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If BTC takes off to $75K in the next few days, I think we will see $3 trillion in less than a month and a half. What is missing for the 3 billion is practically nothing, and the way BTC is going, this year is for it to close well above 3 billion, I would say by 5 billion at least it would close the market cap of cryptos.
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Do you mean trillion as opposed to billions?
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Exactly, translation error colleague jajaja
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Point is well taken. There will likely be a massive jump due to the exposure all of this is getting.
We could hit $5 trillion relatively quickly in comparison to where we started from.
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I think the crypto market is about to start another leg up since BTC, ETH and BNB busted themselves to a new all time high. So yes I think we will be there in a month or two.
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It could pull a lot of the other tokens with them.
The interesting part will be what tokens are actually driven by development? There will be some that can explode due to that.
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Well the interesting thing is that development is booming as people want a piece of the money. Its also the reason why people have to say wen rug pull.
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Yea it shouldn't take longer than a month or two now
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Incase anyone is invested in DCity, 3rd edition cards set to be released and the rewards for rankings might be changed somewhat.
https://leofinance.io/@dcitygame/3rd-edition-release-date
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It's good to finally have a date set as I'm still tinkering with my city. Looks like it will be easier for smaller players to earn HIVE as well. The combo cards should make things interesting and now I know why the SIM price is going up! :)
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Yea things should be moving along but I wonder how everything will proceed from here. Also wondering if they can revive the dwindling user base.
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Is that game still enticing or it is getting old?
Are people being turned off by it?
I havent seen nearly as many posts as in the past.
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Its not as enticing anymore since the high taxes lowered the ROI by a ton. It's more of a grind but I think even at current rate, its about a 100% ROI in SIM. So unless you bought in near the top, I don't think people should be extremely worried.
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So once again taxes kill something?
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Yes taxes killed it. Around the time it first has a ton of taxes, there was a bunch of DCity politics posts but it failed. So the high taxes have continued to this day.
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I guess it benefits someone to have them.
Probably not the newer people.
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I'm also curious who benefits from all these high taxes that people complain about. I mean games are supposed to be fun
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I didn't even know about this game. I have heard about one that is about monsters or something like that, it used to be called steem monsters I think. It is a card game in the style of Legends of Runeterra, I don't know if you have played it before, the truth is a good game to pass the time and without the need of such a fast internet connection.
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Forgot to add that DCity is just an investment type of game. You buy NFTs to build your city and that city automatically generates crypto/NFTs. It requires an upfront investment like Splinterlands.
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Well, I guess you play and make money at the same time, but it comes at a price.
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Splinterlands (previously steemmonsters) is the game you are talking about. It is more similar to magic the gathering and winning fights/tournaments can get you crypto. You don't need a good internet connection because you got 3 minutes to place your team. The only thing requiring the internet is looking for an opponent and then uploading your final team.
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That's right buddy, it's a good game indeed.
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The space race is starting to get more competitive. It looks like a promising competitor to SpaceX but I still think SpaceX is ahead.
https://www.barrons.com/articles/spacex-pioneered-reusable-rockets-rocket-lab-is-trying-to-do-it-too-51618071406
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I think SpaceX already has too much of a head start, and will have even more in the coming years. Just by saying that it belongs to the richest man in the world I think we can already draw the conclusions... Besides the vision that Elon Musk has is incredible, he wants to do a lot of innovative things and that will take SpaceX and his other companies to the top.
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They may have a head start but they are no where near complete. There are plenty of things that need to be done before it is completely ready so the other companies still have a decent chance if they analyze the results of Tesla's launches.
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It is so early that SpaceX could be lapped very easily. The advantage they have is they will have revenues flowing within a year. That is something other companies will likely not have too much of for a while.
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Yea I haven't really heard much about Blue Origin though so I wonder if they will ever get into the competition.
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Bezos seems to be dumping a bunch of money into it (a billion dollars a month).
However, hear very little about it. They have a goal of internet satellite also. But it seems only SpaceX is launching them.
So I have no idea what is taking place.
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Yea I want to know what they are up to or have they been failing at everything despite the billions being poured in. It would make for a great competition as it would push all the space related companies work harder.
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I am sure Bezos has a plan. He isnt a stupid guy and have big dreams.
We will see what is happening yet it appears that they are lagging a great deal.
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The digital realm taking off with NFTs helping even the normal artists. I am wondering whether or not he can get the same returns in the next 8 weeks to be a millionaire.
https://www.cnbc.com/2021/04/10/artist-blake-jamieson-made-five-figures-in-six-weeks-selling-nfts.html
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LOL isnt that like yield farming?
If only I could get 3,000% on my money for two years I would be mega rich.
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Yea its fairly crazy how much they are spending on digital assets over physical assets. Nothing makes sense anymore so I can say wen rug pull?
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Yeah that is the problem is that all these scams will only further incentivize the regulators to step in.
We know that will end up being worse for all involved.
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What I find most incredible is that many people are willing to buy those digital assets over physical ones. The artist sells more in digital than a physical painting hahaha, it's crazy. I would guess that buyers buy their digital pieces of paintings with the vision that someday they will be worth much more because of the potential that the digital world and cryptos have.
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Yea that threw me off as well. Given that is digital, I guess he could sell more copies for less worth though.
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I am major league bewildered and really need some damn help on two fronts:
Although I'm not 100% technically illiterate, I'm really experiencing difficulties on these fronts.
Thanks in advance for the help.
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I can help with the first one.
Use either http://hive-engine.com/ or https://leodex.io/. The later opens up immediately to the LEO page. If you want to put some HIVE on there, I would use Leodex since it has cheater fees verses HE for depositing Hive.
I dont use Binance so I have no idea how to do it.
But why would you want to do that. Just use the LEO in your wallet to get Hive.swap from the Leodex and then withdraw it to your account.
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He ran out of RCs and won't be able to respond.
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Do you know him ? I can delegate 30 HP to his account if he wishes to be active on Hive .
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No, I don't know him. Complete stranger.
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Oh okay no worries I replied to him too , let's see if he gets back .
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Another daily @leomarkettalk is up.
We surpassed our daily goal again, a great accomplishment on a Saturday. We are now heading into Sunday.
We were close to 400 yesterday.
Can we reach it today?
We had a few different commenting in the room yesterday. Hopefully they will come back.
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I'm missing out on a lot of fun, but I'll be back with some more comments in this post, and more in tomorrows as I finally have a free day the next day after that. lol.
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It's good to see some new faces in here and we always welcome your perspective.
I like the feeling of "pitching in" as if we're all Old-Order Amish, doing a barn raising!
source
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It puts the social part on chain instead of having it on Discord as well.
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It is awesome. Get some fresh ideas and viewpoints going.
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We look forward to it.
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Well we can let @amr008 to top off the comments afterwards. Maybe it will be 400 later when others also follow to reply.
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I'm sure we'll reach 400 comments within 3 days from now.
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He is good at that. It helps he is in a different time zone and really fills in what he missed.
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I added some as well. Got home from golfing and added a couple I think...last I checked it was over 400 I thought.
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Then we will really be over it as more will be added.
Now we have to focus upon this one.
A bit slow to start but it is Saturday night so it is to be expected.
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I forgot what was the comment record. Anyway it's good to see we are crushing it, and by "we" I mean the people who are actually putting in the effort and that I like to associate with, without much merit :))))
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It was 525 or something like that.
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no celebrations yet then, but we're getting closer which is nice
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Yeah. What is really nice is we are on pace with our 10K for the month. Actually building a bit of a cushion. Need the 333+ each day.
Today is a bit of a slow start. We might fall short here.
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I will push it above 400 for yesterday as I am going over there now to reply .
Today ? I think it is a bit difficult but let's try for 300 atleast.
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Yea today seems to be a little slow. I'll see what I can get done before taking a break.
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We count on you. LOL
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Hehe I will do my part :p . Right now I am reply to some 4 days old post of @leomarkettalk too since a lot of people have replied to me on that post.
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XRP doesn't seem to have any brakes, I missed that train and I was watching for the breakout of that big bullish pennant.
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Yea but I think it will drop back down for a pull back soon enough. It should probably back test the $1 region at least since that should be where people are looking to get back in.
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Indeed yes, that would be the best close point for a correction.
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Just wondering; are the Deposit Fees on cubdefi paid from the LP tokens, BNB or how does it work ?
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No the deposit fees are used to burn both bLEO and CUB.
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Ah sorry I think I could've phrased my question better. I am specifically thinking about supplying to USDT-BUSD LP and wondering in what token will I be asked to pay the 2% deposit fee
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I have found your answer! You will have 2% deducted from your USDT/BUSD pair.
Here is an example:
50 USDT/BUSD
2% Fee = 1.00
Final amount in USDT/BUSD Farm is 49 USDT/BUSD
For more detailed information check out this link:
https://docs.cubdefi.com/tutorials/how-to-deposit
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That would make sense, thanks a lot for finding this out. Much appreciated
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I am researching your question now. Hopefully I can found out the answer.
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Like @taskmaster4450le, all the fees (compound, harvest, trading) contribute to burning both bLEO and CUB
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Dropping by to say Good Morning all. Coffee time now, Sunday breakfast in a couple of hours. Have a great day everyone.
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Good morning. I hope you have a great day.
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Good morning. Glad you are here. Feel free to jump in and engage.
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Hey buddy , if you are planning on being active but if you are running into RC problem then feel free to ask me , I will delegate 30 HP .
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Yes, I am having that problem. A couple of posts and "bam" I'm shut down. I will happily accept your offer of 30 HP for so long as we treat it as a loan for which I'll repay ASAP.
Thanks in advance!
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Have delegated 30 HP to you :)
Keep up the engagement , there is no giving back since it is a delegation hehe don't worry about it.
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Thank you! Much appreciated!
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Well this is a bit idiotic in my opinion.
https://www.sciencealert.com/this-new-ai-exists-for-the-sole-purpose-of-arguing-with-humans
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Maybe these arguing AI gadgets can replace the Congress? The bar there ain't very high.
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I think this might be a good idea. All they do right now is argue and at least we will know all sides of the information.
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A bunch if middle schoolers could replace Congress.
But yes, I will opt for code over those fools in Washington.
I welcome our experimentation in governance models.
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Yea it seems a little bit out of place but it could help the lawyers since they have to argue and prove their points.
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Not that he is completely wrong on this one but why does anyone listen to this guy anymore?
https://finance.yahoo.com/m/89875360-25ad-31f2-8958-681eee85d4ca/charlie-munger-prefers.html
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I didn't really recognize his name until I saw long time partner of Buffet. I think its mainly because Buffet overshadows him.
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That is true but Monger gets plenty of attention.
He is the one who compared Bitcoin to sucking out the brains of children or kittens or something.
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I didn't hear that analogy before but it definitely seems like he isn't someone I would want to listen to either.
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What are your thoughts on Proof of Brain token?
I am starting to look at this a bit closer. What is it that intrigues you about it?
From what I am seeing, it is an interesting project.
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It is an interesting project. I think it was suppose to have tokenomics to BTC and around 1% of the entire supply was printed a while ago. I do see that they have capped delegating PoB tokens for HP delegations so it doesn't affect its struture.
They want to implement the ARCHON governance model too so at least it won't be a huge centralized mess.
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Thanks for the brief overview.
I will have to look at it a bit closer.
It is always good to see experimentation with different things.
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You're not the only one that finds it interesting. I only found out about it days ago. The deflationary aspect (similar to Bitcoin) is what makes me like it. Something different. They may or may not succeed but I like that they took the risk of trying something new instead of cloning Hive's economics. I really wish I had found out about it earlier.
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I just staked what little bit I have and delegated it to amr008.pob. Don't know a bunch about it. They have their own frontend which I think you know. Have not read any of their posts yet.
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It seems for all the naysayers bringing up Tesla's issues in China, the company is doing very well there.
The deliveries in March jumped a great deal. It appears the Model Y production is scaling up quickly.
https://electrek.co/2021/04/10/tesla-delivers-insane-number-electric-cars-in-china/
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Electric cars are cool. Definitely the way of the future. Petroleum products are dirty and finite, though there have been outfits that have produced petroleum fuels in laboratories.
My brother-in-law used to have one of them Prius Hybrids. It worked pretty good. Not quite a Tesla though.
With the current US Administration being so eco-conscious, there will probably be a lot of money going into this type of technology. I read somewhere that investment in renewables is starting to pick up again by the private sector.
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Yea I am surprised to see that they had very little supply side issues. I wonder how many factories Elon wants to build before he is satisfied. Because I don't think their competitors will take it lying down. The good thing is that their monopoly is slowly dying.
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He said to achieve the goal of sustainable energy, as laid out in his master plan, it would require more than 100 gigafactories.
Not sure he will get that many build over the next 15 years.
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I think he needs to solve the issues in Germany first before he decides to build more. The longer everything gets delayed, the more cash that is burnt.
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So much for the scarcity stuff that the alarmists want to pollute the world with.
https://ourworldindata.org/rise-of-aquaculture
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I love fish! One of my favorite foods. Having grown up in South Jersey and raised by my old school Episcopalian foster parents, we had fish every Friday. Wednesdays and Fridays during Lent.
Necessity is the mother of invention. as is often said. We have the technology to come up with new ways of providing enough food to feed everyone in the world. The problem with moving forward is short-sightedness and greed.
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We certainly have a problem with distribution. However, food production, globally keeps increasing. And if you believe what some are pursuing, we could be on the cusp of a radical change in food production that will increase the output by many orders of magnitude from where we are.
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Lol. I think this is a great thing and I think I saw that people were also growing seaweed to help the environment and help solve part of the supply on that side. If they did that and grew fish at the same time, its some extra money.
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Consistently, the gloom and doomers overlook human ingenuity as a pathway to solving our problems.
Whatever is present today can be overcome.
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Yea I think they managed to grab a bunch of interested people during the lock downs because when your in the middle of an ocean, your social distanced lol.
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The first city is barely started and a second is on the books.
AKON is building out more. Or looking to.
https://news.bitcoin.com/akon-city-2-cryptocurrency-city-africa-uganda/
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Dam the first only already cost $6 billion. I wonder how many cities he wants to make and how much it would cost.
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He ought to get with Musk. Each gigafactory he builds is for less money.
Maybe he could apply that to his cities..make each one less money.
I have a feeling we are going to see a massive reduction in construction costs of all kinds going forward.
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Sounds pretty interesting. I don't know much about crypto-cities, but I am definitely going to learn more. That AKON fellow seems like a very forward thinking and nice man.
I with others was able to interact with him during one of those virtual crypto conferences. Very nice gentleman.
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There are going to be a lot of visionaries coming forward. The tools are starting to be offered to people meaning that we are going to see inspired projects emerging.
This is going to be of enormous impact once it all starts to come together.
The thing is that thousands of people can do similar things.
Once the tools are available, we will be able to create, develop, and grow at a much quicker pace.
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Trump is certainly full of himself. Not that the traditional Republicans deserve any defense because they are scumbags too but Trump might be a bit awry of his analysis.
The people in Congress tend to be pretty powerful.
https://www.marketwatch.com/story/trump-says-the-future-of-the-republican-party-is-trumpism-01618148917?mod=home-page
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Like I stated before brother, I try to stay out of them politics. Although, like most folks, I do have some pretty strong views.
Politics do have big affect on everyone's financial situation though. Very difficult to discuss the economy and such without including domestic and foreign policy formed by these politicians, that's for sure.
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Yeah especially these days with government exerting more and more power over things.
Our lives are really being taken over.
Something that crypto can help us to get out from under.
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Well I am definitely not surprised. I only have a few pollsters I follow and Congress is down in the shits. The policies that the Democrats are pushing do not appeal to most of the people in the party either. But the one reason why the Republicans can't get anything done is because nobody trusts McConnell. 30% of people in the nation don't even know the minority house leader and I think he might be the one with the better record of of the 4.
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LOL I cant tell you who the House minority leader is.
That is how little I truly pay attention.
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Yea I am not surprised. The pollster I trust and he did not bend to the wills of the media said 30% of the population doesn't really know who he is. Pelosi and McConnel are doing both equally as bad in unfavorablility. Schumer is at 3rd and McCarthy (minority leader) has the best rating but too many people don't know him.
So based on the accurate polls, the policies pushed are not majority supported but nobody trusts the republicans because of people like McConnel.
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I think we see $20 million TVL in CubFinance before too long. This will explode before people know.
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The regulators are not going to stand on the sidelines forward.
https://news.bitcoin.com/goldman-sachs-predicts-big-evolution-cryptocurrency-regulation/
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Cryptocurrencies are going to advance more and more. Adoption will happen little by little, but regulations will always be there for many reasons. In fact, there will probably be some changes in cryptocurrencies to bring them into the laws of regulation, such as what they are doing in the United States about the taxes applied to cryptocurrencies. That and many other things will happen as they are adopted around the world.
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Yea and the banks are in on it. If you read the article, they say that they want to be the custodial agents of all the crypto you get. Which means the control is not in the ordinary people's hand.
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Of course. They want to be the gatekeepers and take their cut.
That is what their mindset is.
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Bitcoin as base money?
https://ambcrypto.com/why-bitcoin-may-be-the-base-money-of-the-future/
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@taskmaster4450le it would be interesting to see that happen...
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This I agree is coming. It will at some point be the currency everything else is measured against. Why? Because it will be a value the entire world can agree on and every country will have access to. Countries will still be able to print their own currencies but not managing them well will devalue them against bitcoin. It's a lot to think about as far as how it will all fit together.
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That is presuming that things, in a couple decades are based upon countries.
Personally, I foresee the shift to network based economies.
Massive digitization reduces the importance of governments.
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Yes, wouldn't THAT be interesting. Build a "charity" crypto that would be able to instantaneously shift capital to where it's needed. You could also look at building a token community that siphons off a portion of inflation specifically for certain use cases. Feeding the homeless, providing the underprivileged healthcare, sheltering the homeless for that matter. It could literally be a defi platform. Take Cub, for instance. Just take a small number of the xfactor and put them in an account where the community could vote on what to do with them. It would lessen the yield to a small degree but if people are truly committed to bettering the world we live in, it would incentivize angel investors to participate thus truly bolstering the HODLers and also providing a tangible real world use case.
Hmmmm. Interesting. When you think about it, the possibilities really are endless. They could use that money to build one of those "vertical farms" in say, the south side of Chicago and provide fresh produce for food shelters and the poor.
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This is very true. We are only limited by our imagination and the processing power of the computation we have.
We can solve a lot of the worlds problems through out innovation and tokenization. If you read my latest post under my leo account, you will see that there is a lot of innovation in terms of job scalability.
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I haven't gotten to that one yet. It's hard to keep up with you. I have a little bit of a life outside this space... lol
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Yeah I dont have that. LOL
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I think his statements on M1, M2 and M3 are probably correct. You can't figure out everything from just reading how well the monetary policy is doing. But I don't think he addressed how BTC would be a base currency as it incentivizes people to save and not spend. This does not promote economic development and I don't see how people would want a volatile BTC as the cash they are accepting.
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I agree with you. I dont see people spending BTC...ever.
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Well, yes and no. I've said this before but I don't know if it will ever gain any traction. They need to eventually trade bitcoin in smaller denominations. Like maybe even all the way down to satoshis. I'm not sure what it would take (or if it's even possible) to add a couple more decimals. At $1 million/btc, one satoshi = $.01 US. One penny. If I was walking around with a half a bitcoin, for example, that would be 50,000,000 (50 million) sats. I think I would be much more inclined to spend a few of those if I could guage what I'm actually spending. Face it, when I have .00031313 bitcoin I really don't have a clue what that is. I can figure it out but it doesn't really register. If, on the other hand I had 31313 sats, it would be a lot easier to judge what I had and how much I'd be spending if I used some.
When you consider that the vast majority of people in this world already consider buying bitcoin pointless because they can barely buy anything that seems meaningful, it might go a long way towards getting people to actually use it.
Plus, it would take the total supply to 2,100,000,000,000,000 (2.1 quadrillion), probably a much better number to use when you consider it could potentially be representing the entire world's money supply.
The difficulty would be in trading it. You couldn't really trade in pennies. You'd need a larger denomination as well. Maybe halfway. A "Nakamoto" could be .001 bitcoin or something. (100,000 sats)
Anyway, just a thought that's rattled around in my brain for a while now...
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The problem is with just a few SATs, the fees will kill it. That makes it impractical for Bitcoin as transactions.
And Lightning is just like constructing another chain, it isnt even really tied to the original for the most part. So from that perspective, I dont see the security that BTC provides.
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Maybe it will be in the future, but we all know that it is not a stable currency, it is very volatile. I don't know if it would be a good idea to see BTC as the base currency.
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Bitcoin hitting $61K means that the bull is not over.
We are going to see $70K before long.
https://thedailychain.com/bitcoin-price-hits-61k-hinting-that-bull-cycle-isnt-over-yet/
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Yea I saw another BTC article in my feed. So long as it doesn't drop under 50k, I think it has a good opportunity to go to 70k soon enough.
https://finance.yahoo.com/news/bitcoin-above-60-000-again-022816607.html
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A drop below $50K could put $40K back on the table. I am not sure there is much to stop it if we have a selloff below that level.
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Yea that's why I think it will be fine so long as it doesn't lose 50k support.
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That would be a big mental barrier also.
Markets rely upon psychology.
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The truth is that it is respecting the bullish channel very well. I think that sooner rather than later we will see BTC in the 70 - 75K$.
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I would agree with that.
The channel is nicely forming.
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Now lets just hope that bottom channel doesn't break otherwise it might need some more time to consolidate.
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Downward breaks tend not to be consolidation but oh shit moments. LOL
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I think it's fine since there is still a decent amount of support underneath. At most it will only shake out those weak hands.
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That is true. We are not about to see the mega companies, selling. Grayscale just added another $1 billion to their coffers, something that is not about to hit the open market anytime soon.
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Will post the stats soon guys .
Also I just paid out the dividends for the engagement report , another successful week . Over 1500% APR for POB , you won't get that anywhere else that's for sure :)
Posted Using LeoFinance Beta
Lol. The APR on POB is amazing but whats the APR from normal curation?
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Hm that is something I have to look at lol but I am very sure it won't be this high since I combine curation reward + post rewards etc.
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Austin Texas is certainly becoming a major technology hub.
Not sure this is on the scale of Tesla or some of the others but good to see, at least from the US standpoint.
https://cointelegraph.com/news/bitcoin-mining-company-follows-tesla-by-setting-up-shop-in-austin
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I am wondering if they will have another electricity problem or not. Also most businesses don't really make that much money when they first start.
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Yes who knows. Who is to blame?
There was a lot of finger painting. Was it a screw up with the wind turbines that were erected? or was it the incompetence of the government? or both?
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I think it was both. They didn't take precautions and the government did not take proper actions once it was known.
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First we had Bitcoin compared to the banks and other companies. Then Ethereum. And now BNB.
At what point will these comparisons be seneseless?
https://cointelegraph.com/news/binance-coin-bnb-market-cap-passes-santander-and-ubs-what-s-next
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I am not surprised since the old banks are not as appealing. I think its mainly to surprise the normal average person.
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Long term might be good to short the banks. They will be dying.
Crypto is only going to tkae more share away from them as the industry is built out.
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Well the financials in the stock market are looking fairly good but in the new few weeks (bank earnings), the odds are in your favor to short the banks. They haven't said anything about the entire Archegos debacle so I think it will have to shown in the earnings report.
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I twill be interesting to see how far and wide that thing spread.
I expect we will see Congressional hearings about that before all is said and done.
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Yea but I think it was Goldman, Morgan Stanley and JP Morgan who out of the doors first with a slight loss or no loss at all. Some of them even offloaded their shares to their competitors overnight without telling them about the problem. We all know what happens to the people late to exiting.
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It is interesting that, in spite of the negative premium, Grayscale keeps adding BTC.
This week another $1 billion. The total AUM is nearing $50 billion.
https://cryptopotato.com/grayscale-adds-1-billion-in-bitcoin-nears-50-billion-in-total-aum/
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Maybe they are relying on the ETF to help solve the negative premium and by adding more BTC, it makes it easier for them to get approved.
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Well the BTC add is because people are still buying in especially institutions.
We will see how it all pans out. But I would imagine having a lot of BTC will help their ETF attempt.
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Bitcoin futures are telling us that we are seeing bullish sentiment.
Will it follow through?
Time will tell.
https://cointelegraph.com/news/btc-december-futures-reach-73-500-is-everyone-flipping-ultra-bullish
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I wish I was rich and could take advantage of the arbitrage opportunies by selling premium.
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LOL.
You had me at the "I wish I was rich..."
After that, my mind went blank.
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Lol. I am talking about the bitcoin futures since your essentially taking a free 43% by taking the premium. If BTC doesn't move that far up, you got free BTC. If BTC goes up, you already bought your BTC at a lower price and get some fiat.
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I just got myself some more CUB.
Have some more money in the pipeline, hoping for a pullback in the price.
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I have seen a few people say that the pullback is over and its on the next leg. But I hope we still have some more time before it takes off (hopefully next month I can add some CUB).
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I am not sure anyone knows. I kept some powder in the keg because I am not sure that the drop is over.
We shall see though. Always a gamble.
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I just converted my 300 STEEM to CUB :p . Got around 105 CUBs , very happy hehe.
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I have to tell you guys and gals. I've only been here for a very short time but I am truly impressed with this Community. I've asked for help and received it quickly.
I find the conversations here to definitely be engaging with comments being well thought out and well expressed.
Kudos Community.
Thank you for letting me be a part of this wonderful adventure.
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