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  1. #5001
    Grand Master Raffe's Avatar
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    Tesla accepting Floki Inu for their merchandise shop. That will give it a good boost.

    Thank you Elon.
    Someone who lies about the little things will lie about the big things too.

  2. #5002
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    Quote Originally Posted by Raffe View Post
    Tesla accepting Floki Inu for their merchandise shop. That will give it a good boost.

    Thank you Elon.
    Haha buying Tesla shorts with floki..

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  3. #5003
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    Wouldn’t mind an owl cyber truck tee shirt… or a 150 dollar wine decanter.

    At 10bn I might even drink my vintage Rupert and Rothschild I picked up from
    SA a couple of years ago.

  4. #5004
    Grand Master Raffe's Avatar
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    Oh, was Doge and not Floki. Maybe next time.

    Oh again, Doge now lower than when the Coinmaster tweeted about it. Has the magic disappeared?
    Someone who lies about the little things will lie about the big things too.

  5. #5005
    Master petethegeek's Avatar
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    "When the fun stops, stop!" Says The Guardian.

  6. #5006
    Grand Master Raffe's Avatar
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    How's it going in El Salvador? Any news?

    Asking for a friend.

    Someone who lies about the little things will lie about the big things too.

  7. #5007
    Quote Originally Posted by Raffe View Post
    How's it going in El Salvador? Any news?

    Asking for a friend.

    Apparently he buys the country bitcoin using his phone

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  8. #5008
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    Apparently he buys the country bitcoin using his phone

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    ...which has earned the country another credit downgrade by Moody's (both for the fact that they are buying bitcoin in the first place as well as for lack of process in the buying decisions aka the presidential iPhone).

    This is the price chart of their 2050 USD government bond over the last year. Mr. Market has spoken.




    The only part of the story still missing is when the dictator makes off with a USB stick with the country's crypto holdings in his luggage.
    Last edited by Raffe; 16th January 2022 at 09:24.
    Someone who lies about the little things will lie about the big things too.

  9. #5009
    Master petethegeek's Avatar
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    Quote Originally Posted by Raffe View Post
    The only part of the story still missing is when the dictator makes off with a USB stick with the country's crypto holdings in his luggage.
    That would be the elusive suitcase use case which everyone has been desperately seeking?

  10. #5010
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Sean89 View Post
    You don’t have any faith in floki? 😅
    Blessed be the faithful.

    Floki now lower than when it was listed on exchanges, meaning every retail investor is in loss, most of them hugely so.
    Someone who lies about the little things will lie about the big things too.

  11. #5011
    Cardano warning

    https://youtu.be/v9C1u1Bl8PY

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  12. #5012
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    Cardano warning

    https://youtu.be/v9C1u1Bl8PY

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    Cardano has been super volatile this week, up 50% in a week. But still down 50% from top.
    Someone who lies about the little things will lie about the big things too.

  13. #5013
    Quote Originally Posted by Raffe View Post
    Cardano has been super volatile this week, up 50% in a week. But still down 50% from top.
    Yeah if you are a long termer in it best ignore the noise later this week which is the point of the video, the developers are aware

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  14. #5014
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    Quote Originally Posted by Raffe View Post
    Blessed be the faithful.

    Floki now lower than when it was listed on exchanges, meaning every retail investor is in loss, most of them hugely so.
    Not strictly true. There were about 10 exchanges live before the pump. Volume on gate still okay. Not beyond expectations for the alt market at the moment.

    Easy money for the fundraiser ay. Roll on 31st December

  15. #5015
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    Quote Originally Posted by Sean89 View Post
    Not strictly true. There were about 10 exchanges live before the pump. Volume on gate still okay. Not beyond expectations for the alt market at the moment.

    Easy money for the fundraiser ay. Roll on 31st December
    It's lower today than on 16 September 2021, the day it was first listed on gate.io

    And all the volume was traded when it was a lot higher, with the VWAP for the time since listing arounf $0.00015, suggesting the average exchange investors have lost two thirds of their investment.
    Someone who lies about the little things will lie about the big things too.

  16. #5016
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    You are probably right, floki went as high as 0.00008 and low as 0.00002 in September on the back some
    Elon tweets. I recall it was probably around current price when the run to 3bn occurred.

    I don’t look at prices religiously, expected it still in the region 0.0007 taken another dive today so for the first time in a while I’ve bought the dip.

    Already up 10% or so, given I’m lucky the bull run will be starting again here 😂

  17. #5017

  18. #5018
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    Quote Originally Posted by Vanguard View Post

    Very amusing ... one point I often here from pro BTC people is that storing your wealth in an inflating FIAT currency is a bad idea therefore you should buy BTC. I don't think anyone stores their wealth in money they do so in assets of various types and just retain some money for short term and the ability to perform exchange ...

    Assets have utility and so there is a sensible reason to own them ... not so with cash or crypto ...
    Last edited by Montello; 19th January 2022 at 15:55.

  19. #5019
    Master petethegeek's Avatar
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    And loosely picking up on the recent PoW/PoS theme again, here's what appears to be a halfway decent analysis of what we can currently surmise from Intel's recent teasers for their yet to be publicly announced/acknowledged SHA256 chips.

    I'd be interested to hear if Daveya's collective have been involved in any beta testing at all?

  20. #5020
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    I’m sure I read somewhere that the Intel machine cannot be immersed in fluid and overclocked like the Bitmain and other miners can.

    If that is the case then they’ll not be anywhere near as good a machine to buy as the current crop of machines that are being bought up by the mining companies who are building immersion facilities.

    Riot* and Argo’s unpublished immersion testing on S19Js suggest they can be over locked by up to 50% without any issues. That’s huge for the company’s profit margin.

    *Riot has published some initial immersion testing data.



    However, the Intel machines figures are super impressive in comparison to others.

    I wonder how far it can be taken to improve efficiency. Maybe there is still o lot of improvement to come.
    Last edited by mr noble; 20th January 2022 at 20:48.

  21. #5021
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    I’m sure I read somewhere that the Intel machine cannot be immersed in fluid and overclocked like the Bitmain and other miners can.

    If that is the case then they’ll not be anywhere near as good a machine to buy as the current crop of machines that are being bought up by the mining companies who are building immersion facilities.

    Riot* and Argo’s unpublished immersion testing on S19Js suggest they can be over locked by up to 50% without any issues. That’s huge for the company’s profit margin.

    *Riot has published some initial immersion testing data.



    However, the Intel machines figures are super impressive in comparison to others.

    I wonder how far it can be taken to improve efficiency. Maybe there is still o lot of improvement to come.
    How come you know what their unpublished testing says? That would be insider knowledge?

    By the way, how is it going for Argo? Given the overclocking and the resulting exploding profit margins, I would expect them to be really making hay at the moment with bitcoin above $40k? Are the shares climbing towards 300 pence already?
    Someone who lies about the little things will lie about the big things too.

  22. #5022
    Quote Originally Posted by petethegeek View Post
    And loosely picking up on the recent PoW/PoS theme again, here's what appears to be a halfway decent analysis of what we can currently surmise from Intel's recent teasers for their yet to be publicly announced/acknowledged SHA256 chips.

    I'd be interested to hear if Daveya's collective have been involved in any beta testing at all?
    We spent 5k on 4 RTX 3080s and they will be flogged till they drop

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  23. #5023
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    Quote Originally Posted by Daveya. View Post
    We spent 5k on 4 RTX 3080s and they will be flogged till they drop
    Out of interest whats the electricity consumption like?

  24. #5024
    Master petethegeek's Avatar
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    Quote Originally Posted by murkeywaters View Post
    Out of interest whats the electricity consumption like?
    Paltry, I suspect.


  25. #5025
    Quote Originally Posted by murkeywaters View Post
    Out of interest whats the electricity consumption like?
    Leccy not as big an issue as gas fees

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  26. #5026
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    Quote Originally Posted by Raffe View Post
    How come you know what their unpublished testing says? That would be insider knowledge?
    Immersion testing has been tried and tested by the rig manufacturers and some other independent miners, but no official figures have come from the two listed mining companies who are building immersion facilities yet. (Riot and Argo)

    Both have leaked info stating a "more than a 25% increase in hash rate". Fully immersed rigs have been pushed to 50% over their rating.

    Bitmain and other rig makers do not include any warranty on new machines that will get immersed and no listed company has done it at scale yet, hence there aren't any solid figures.

  27. #5027
    Grand Master Raffe's Avatar
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    Quote Originally Posted by mr noble View Post
    Immersion testing has been tried and tested by the rig manufacturers and some other independent miners, but no official figures have come from the two listed mining companies who are building immersion facilities yet. (Riot and Argo)

    Both have leaked info stating a "more than a 25% increase in hash rate". Fully immersed rigs have been pushed to 50% over their rating.

    Bitmain and other rig makers do not include any warranty on new machines that will get immersed and no listed company has done it at scale yet, hence there aren't any solid figures.
    How does this "leaking" of information work? Is this relevant knowledge for investors? Asking for a friend.
    Someone who lies about the little things will lie about the big things too.

  28. #5028
    Grand Master Raffe's Avatar
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    Michael, Nayib - you alright buddies?
    Someone who lies about the little things will lie about the big things too.

  29. #5029
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    Crypto is taking a kicking off the back of this BTC drop - HODL all the way to the next Bull..

  30. #5030
    Quote Originally Posted by murkeywaters View Post
    Crypto is taking a kicking off the back of this BTC drop - HODL all the way to the next Bull..
    5% pump 10% dump to the moon!

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  31. #5031
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    I'm taking a wait and see approach atm, now 50% into stable coins. Fed tapering is what I'm focused on.. loose policy and endless money printing is what inflated assets these couple years, so makes sense their intention to turn off the taps could trigger de-risking. The slow bleed has been evident since mid-Dec, and with tax bills due.. could see similarities to 2018 crypto crash. Always prudent to take profits so hope all playing in crypto here are being careful managing your portfolio allocation.

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  32. #5032
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    Quote Originally Posted by KingKitega View Post
    I'm taking a wait and see approach atm, now 50% into stable coins. Fed tapering is what I'm focused on.. loose policy and endless money printing is what inflated assets these couple years, so makes sense their intention to turn off the taps could trigger de-risking. The slow bleed has been evident since mid-Dec, and with tax bills due.. could see similarities to 2018 crypto crash. Always prudent to take profits so hope all playing in crypto here are being careful managing your portfolio allocation.

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    Sensible, except that only part of the derisking is accomplished by moving into stablecoins. You are trading market risk for credit risk. Just saying.
    Someone who lies about the little things will lie about the big things too.

  33. #5033
    True story

    I bought an Mx5 on the forum, worth 2k more than I paid 1 year ago

    Pumped 10k into sneaky crypto portfolio ( of you can calls these things a portfolio of shyte ) and I've lost 2k

    I'm quits

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  34. #5034
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    Quote Originally Posted by Raffe View Post
    Sensible, except that only part of the derisking is accomplished by moving into stablecoins. You are trading market risk for credit risk. Just saying.
    Perhaps so, there is always going to be some inherent/residual risk in any system. My plan is still to be fully invested in crypto one way or another, but happy to let the market and wider macro picture to be clearer first.

    NFTs are still poppin though!

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  35. #5035
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    It’s melting :-(

    Not selling though, obviously

    Duck, or no dinner

  36. #5036
    Grand Master Raffe's Avatar
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    Quote Originally Posted by KingKitega View Post
    Perhaps so, there is always going to be some inherent/residual risk in any system. My plan is still to be fully invested in crypto one way or another, but happy to let the market and wider macro picture to be clearer first.

    NFTs are still poppin though!

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    What's the advantage of keeping money "in the system" if the value is fixed to the Dollar (which is a currency risk for you anyway), but contrary to the Dollar you have credit risk? That doesn't make sense.
    Someone who lies about the little things will lie about the big things too.

  37. #5037
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    Quote Originally Posted by Raffe View Post
    What's the advantage of keeping money "in the system" if the value is fixed to the Dollar (which is a currency risk for you anyway), but contrary to the Dollar you have credit risk? That doesn't make sense.
    Yes there is credit risk with all stablecoins - so hopefully I have chosen the one with the strongest collateral behind it (why I wouldn't touch USDT!). As for keeping it in the system, it's merely because this is just a short term position for me, and ease to swap back into ETH/yield farming plays.

  38. #5038
    Grand Master Raffe's Avatar
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    Mr. Saylor, please report to your creditors. Mr. Saylor please!

    Someone who lies about the little things will lie about the big things too.

  39. #5039
    Saylor must be pushing to remove Nick Leeson from the Guinness Book of records

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  40. #5040
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    It’s not even as low as the summer last year. Nothing to worry about.

    Back in the 40s by Monday afternoon i reckon. Tuesday at the latest 😉

  41. #5041
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    Saylor must be pushing to remove Nick Leeson from the Guinness Book of records

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    Down another $25 since my post above. Minus 18% today.

    About time he announced another convertible to buy more bitcoin.
    Someone who lies about the little things will lie about the big things too.

  42. #5042
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    Quote Originally Posted by Raffe View Post
    About time he announced another convertible to buy more bitcoin.
    He's certainly out to project the notion that he would like to.


  43. #5043
    Grand Master Raffe's Avatar
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    Quote Originally Posted by petethegeek View Post
    He's certainly out to project the notion that he would like to.

    If I was in his board that interview would leave me with two options: fire him or resign myself.

    This will be a huge liability for the directors - once this company has burned into the ground there will be years of litigation.
    Someone who lies about the little things will lie about the big things too.

  44. #5044
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    Hello!

    Someone who lies about the little things will lie about the big things too.

  45. #5045
    Grand Master Raffe's Avatar
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    Someone who lies about the little things will lie about the big things too.

  46. #5046
    Grand Master Raffe's Avatar
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    Someone who lies about the little things will lie about the big things too.

  47. #5047
    Kluivert subbed for Ramos

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  48. #5048
    Grand Master Raffe's Avatar
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    If you find bitcoin or Microstrategy too risky, you may want to consider investing into El Salvador's 2023 US$ government bonds? Yielding a cool 33% per annum to maturity.

    Guess when it was that wannabe dictator/trader Bukele announced that he was going to use taxpayer money to buy bitcoin?

    Someone who lies about the little things will lie about the big things too.

  49. #5049
    Kluivert back on

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  50. #5050
    Grand Master Raffe's Avatar
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    Quote Originally Posted by Daveya. View Post
    Kluivert back on

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    Panic in cryptoland.

    This could be a short-term buying opportunity:

    Someone who lies about the little things will lie about the big things too.

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