It is a bit weird, as I haven't been to this shopping center in ages, but I have been here twice in the last week, both times before shops have even opened. The reason today is because I need to get a car service, which is going to cost a lot more than I want to spend. Car stuff here, whether it is buying, maintenance, insurance, or repair, is very expensive. Taxes, which have just gone up across the board again, are insane. I have a Volkswagon Passat, station wagon.
Sexy.
Occasionally, I have a look at some full EVs, as I plan that my next car will be an all-electric, but I am unsure which I would roll the dice on. And these days, it really is rolling the dice, because there are so many options, and so many coming from new startup car companies. The risk isn't in the choice of car itself, it is in whether the car company will be around in five years from now, or ten, or twenty.
This is the problem with turning cars into the equivalent of mobile phones. They have become disposable gadgets, and their lifespan is getting shorter and shorter. And while they might be better for the environment in some ways, if the turnover is so high, does it really make sense? Save energy while driving, but burn so much more in manufacturing.
This morning as I sipped a coffee waiting for the service, I found out I lost about 1000 dollars worth of a token, because it was in Trust wallet and the BEP2 chain is no longer supported, and I didn't know I had to swap to BEP20 or something like that.
This is something crypto needs to sort out.
Just imagine if you are a car collector and have a few cars in your garage in pristine condition, and then, just because the company that makes the tyres goes bankrupt, your car just disappears from the garage. Perhaps that is a false equivalence, but you get the idea.
This has happened before in different ways, and I have likely lost tens of thousands of dollars worth depending on the time of it happening. It is pretty scammy really, because it is meant to be "secure" in the wallet, right?
And I get that the duty of care lays on me, which is why I should reduce the number of tokens I hold so that I don't have to keep losing, because I can't pay enough attention to each of them. But this creates other problems for crypto, because it leads to more centralized, maximalist behaviors, rather than a more distributed, engaging, robust ecosystem of tokens and usecases.
It is pretty disappointing to lose tokens at any time, but it is perhaps worse when holding all the way through a bear, absorbing all that technical loss in the hope for the future, and just as that future starts to approach, the tokens disappear into the ether.
Now, I have to go and pick up my car and pay some ludicrous amount for that, which means that today has been a very expensive day indeed - making the €10.80 for a coffee and a muffin seem incredibly cheap.
It is all relative, isn't it?
Taraz
[ Gen1: Hive ]
We have a Passat station wagon too. 2013 model. Had just under 100k kms on the clock when we bought it a year ago for $16k. I thought we did really well. Few problems with the diesel pollution mitigation systems, but nothing soul-destroyingly expensive as yet.
My brother has an older VW Transporter, and has had a nightmare the last 6 months or so.
I remember cars being exciting when I was younger; now I dream of a future where I don't need to own any.
Do you have a good infrastucture in place to support EVs there in Finland? I know we do not here, not even close.
I only own a few alt tokens besides Hive and need to keep a better eye on them after hearing this.
Yeah, the infra is pretty good here all up, with charging points all over the place, nearly all service stations, all supermarkets, all carparks, and many will have charging points at home and in apartment buildings.
That sucks about the tokens. I've probably had that happen more than once as well. I know for a fact that I have had a couple close calls. I had one token that I was well after the date to move them, but they still allowed me to thankfully. The window was quickly closing though. I hope your issue wasn't with a token I am holding! I agree with you about consolidating your holdings. That makes a lot of sense.
It is crazy that it is even possible to do it this way really. It should be that it is always possible to recover tokens, even if a chain is unsupported. The records are there after all.
I totally agree with you. If they want to do reduce the token supply they should just do a burn. It's almost like they are counting on people not moving their tokens.
Coingecko lists more than 15.000 Coins. https://www.coingecko.com/
What do you think how many will survive? 5%, 10%?
So in 5 years there will be probably some 1.500 - 2.000 Coins left.
And the rest?
I'd be surprised if 5% are there in 10 years from now.
This would be less than 750 Coins.
So $Hive could survive if its not gone lose more support.
I don't think it will be based on the numbers, rather, the usecases.
Today I spent 44 euros for food. So 10.80 for a coffee still seems insane.
Sorry for your loss. This makes me glad that I only have Hive and Splinterlands. I don't think that I could juggle more projects.
Things are expensive in Finland, unfortunately. And my salary isn't increasing.
I don't have many altcoins. I'm too lazy to keep track of them. In a bull market, BTC and ETH will rise. HIVE and SPS will also be more expensive if you guess the bottom correctly.
10 euros is a lot. Yesterday I bought 2 large bags of groceries with this money :)
The bag alone here is 26 cents.
Our package costs $0.1, but I often take an eternal bag made of Soviet plastic to the store. She is now 50 years old.
Recently Fendi stole an idea and made a bag out of recycled plastic for $900 :)
Lols that is hilarious. Soviet chic.
It is all relative after all.
I pay pretty close attention to the EV market here in the states. I'd rate my top 3 here as 1. Tesla (I have a really good friend working there. He's a battery supervisor.) 2. Hyundai/Kia 3. Polestar (which is Swedish). Note: No Chinese entries make my list. Not even a highly expanded list, for the very reasons you mention.
On an entirely unrelated note, I have seen two Tesla Cybertrucks in the wild. One was in a 4wd sort of environment near Mt. St. Helens, WA and the other was on US 95 just south of Las Vegas. To me it's ugly from any angle.
The first principal my economics teacher taught me was that supply and demand will determine the price of a good or service, and that price is what the market will bear. So, when I see prices going up (along with record corp profits in many cases) and people complaining about it, I remember prices are where they are because that is what people are willing to pay.
I have caught some encouraging North American sentiment that the consumer spending index is on the decline because people are tired of overpaying these inflated prices. A bit of that over time will at least slow or maybe reverse the stupidly high prices but too much of it and they sound the recession alarm and start laying people off to preserve profit and start the next cycle.
Anyhow, I have checked a couple stashes lately, mainly defi drip stuff and found the same. Those are just a tax for the greedy in crypto and we have to learn the hard way sometimes. $1000 is quite a bit though man I hate to hear it.
I could go on further about how “green” those rolling disposable batteries that are charged in a large part by coal-burning hydro but you don’t need to hear me preaching.
Here’s to finding reasonable services for our necessities and continuing to stack while the rest of the world catches up!
Yes my friend, everything is relative!
If you think about it, the 10 euros for coffee and muffins are excessive for me considering that here in Reggio you would spend a maximum of 4 euros!
Someone sang and said... It depends, on what it depends, from what point you look at the world everything depends! ;-)
However, I would also like to buy an electric car in the future, but I confess that the interesting thing as far as I'm concerned is the savings I would make by having the photovoltaic system and the charging station for the cars already ready... just wait until 'car, lol!
At the moment, however, they really cost a lot, I hope maybe in some time to find a good used one.
A hug!
!PGM
Perhaps this is the only problem with wallets outside of exchanges, the lack of resources like on Binance, which after a while of alerts, they end up converting their assets that are no longer accepted into another stable coin. It used to be BUSD, which is now extinct there, so we have USDC
I am blown away at the cost of everything these days as nothing is cheap or value for money. After being in Europe SA seems very cheap, but it is not as this is also relative to salaries. We all need more money lol.
Losing those coins suck. I wonder if there is any hope of getting them back eventually. I've had a couple of NFT game tokens become worthless after they rugpulled or just wasn't able to survive the bear market. That's why I try to stick to things that have survived the bear and are continuing to build. If I'm going to get into something newish, I'd probably secure profits first and then let the rest roll.
That's always the risk, isn't it? Should the infrastructure that ensures the value of anything be still in place next time that you look for it...
Some techy stuff tends to be less resilient than larger scale schemes, be they fiat and inherently fake or not. And 'supposed to be safe' is always quite relative... I never wrote '...according to God's wisdom' but I thought of it and I wonder if we can identify the ways to invest in God's wisdom.