If you had to pick 4 currencies to put in your basket or index fund which four would they be and why. If you like you can add more detail like percentage for each currency or replace fiat currency with another adjacent semi liquid asset.
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If you had to pick four currencies to put in your basket or index fund which four would they be and why.
- Thread starter Mister Sir
- Start date
Bitcoin 20% , Ethereum 20% , Gold 40% , Silver 20%
ReFi cycle well underway (debasement).
ReFi cycle well underway (debasement).
This but excluding ethereum which is a security and more importantly a premined project masking fraud with a goofball frontman and its also trending down against bitcoin.
You're suggesting there's outright fraud involved? Now I'm curious, how did you come to that conclusion?
"i am not suggesting" - They talk about it openly.
Mainly covers unregistered security and undisclosed insider dealings from the premine.
Since its a company you have to disclose insider activities like for selling apple stock by the management team etc.
That twitter account created a compilation of videos.
One can still speculate with it tho, likewise solana and doge etc.
Thats not even the main point you bring up here besides, but on a side note, usa issues are commonly global issues like you know very well so its relevant for all invested in it.
Due to its centralized leadership/node (aws) structure / repeated misrepresentation of facts etc etc. eth is pretty vulnerable and can be easily terminated like liberty reserve / or could be taken over by coinbase anyway in the near future due to the centralization mechanism of proof of stake (5% of 100B has another effect, than 5% on 100 bucks).
The ultrasound money plot was not successful either as can be observed by the btc/eth chart.
The point here is its as good as any other altcoin, like solana and doge etc only usecase being speculation. But due to high price (unit bias) might not be the best one either.
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- Statute of Limitations Expired.
- Courts determined even if a investment contract the underlying asset isn't a security.
As for ETH being a centralised token, would have to disagree, our firm work in the infrastructure side in 'part' and we like all those in that industry determine what is relayed to the chain (validated).
If you mean improvements, then sure there are many parties that compete with the ETH Foundation and sway them to the direction of their respective development needs which means ultimately it's not centralised as there's many competing or developing parties that direct the direction of improvements.
ETH is elastic supply... that is essentially more important than something with continuously declining supply IMO.
Its not the legal technically which is concerning to me rather the obscure leadership structure.
As what do you work in the infrastructure there, like running nodes?
proof of stake will lead to centralization. Just a matter of time until this becomes more clear.
Bitcoin nodes run on cheap hardware or rasperry pis, whereas most of eth nodes run in data centers etc due to high hardware needs.
It just changes / can be changed at a whim. I have good fiat currencies for that, most of my fiat I can even send for free and instant now. So no need for this again in eth form with insane fees.
Okay, I haven't kept up as much as the rest of you, this puts an investment in ETH in a new perspective, and I must reconsider my positions in this cryptocurrency.
I am fully invested in hard assets like real estate but if I had to have a go it would be as below.....
SGD 35%
CHF 25%
CNH 25%
XAU/BTC/SOL 15%
I am long term bullish on Asia but a safe haven Europe (CHF) and Asia currency (SGD) and some book metal gold (XAU) does no harm to hold. I added Bitcoin as 10 years ago I laughed at idea of it becoming an asset class in its own right and here we are with major fund houses issuing ETF's for it...what next??? I also added Solana as it looks likely to be the smart contract platform that will win over a super expensive and low performance ETH that had first to market advantage. Try sending $5 of USDC on ETH network and see how much it costs you....lol. ETH need to upgrade the network and L2's like Optimism are no replacement for a fast Layer 1 with smart contract ability.
Anyway thats my 2 cents.
We run via Dappnode... not exactly expensive hardware (nodes)... and that's validation.
Meanwhile bitcoin 'validation' PoW..... and FYI bitcoin nodes (not PoW)
From the specs of this, its a pruned version of some sort and not a full archive note as taken from the notes below.
thats exactly what i meant. even with that pruned node it is still 10x more expensive at 2k vs 200 bucks (which gives a full archive node for bitcoin).
Adding some more space you still get at 20x the hardware costs for the nodes, archive nodes compared.
https://ethereum.stackexchange.com/...requirements-to-be-an-ethereum-validator-node
As of 9/2022:
Recommended hardware requirements to run a Full node:
- A fast CPU with 4+ cores
- 16 GB+ of RAM
- A fast SSD drive with atleast 1 TB of space (storage capacity will grow over time)
- 25 MBit/sbandwidth
Recommended hardware requirements to run a Full Archive node:
- A fast CPU with 4+ cores
- 16 GB+ of RAM
- Storage will vary depending on the client software (ss of September 2022, archive mode on Geth takes ~12 TB and Erigon takes up ~2 TB).
- 25 MBit/s bandwidth
We run archival as well as active validators via Daapnodes…
You can also run Bitcoin on them (nodes) but can’t mine.
Haven’t got time to read most of the content you’ve provided but on average 100 validators per standard spec node and then that sits under the likes of Lido distribution etc or Private Commercial etc
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