• General

  • Crypto Currency - Believers Only

LT42

Lol. Am I really supposed to believe that a company registered in the Cayman Islands would have anything to do with money laundering?

  • LT42 replied to this.

      Old-Dutch Ha! The owner once went to Springfield to sell them a monorail

          benson Clickbait conspiracy theory crap is all part of the fun Benson!

          I love the cloak and dagger bat shit tin foil hattery tbh.

            Amps I know less about finance than I do about sport.

            It’s impossible to know less about nothing Amps!

                Holding large amounts of crypto on exchanges brings convenience to trade but inherent risk.

                If you are an investor like me, buy on an exchange then withdraw to a person wallet, software or hardware.

                There are different types of wallets, some hold many different cryptos, others just one like Yoroi for ADA.

                Why would you use Yoroi? You can stake your ADA to earn 5-6% APR per year to earn passive income, alongside the price action.

                By moving crypto to a personal wallet you are taking control of it, and you are fully responsible. Just basic good housekeeping and you will be fine.

                If you are dabbling with <£1000, then you could argue is it worth taking it off an exchange? Up to you.

                Old-Dutch Not sure about that Ed.

                What’s up with your roof?

                Boom!!!!

                  Good thread about what likely really happened with Musk and bitcoin:

                  Hursty Whats this now? I have ADA coins, I made 35 tl today (3 euro) and looking to up my game.

                  Just trawled through this thread again from the start and roaring laughing at OLB throwing out some proper gems 🤣

                      LT42 Basically when you start investing larger amounts, it’s time to move off exchanges into personal wallets.

                      • LT42 replied to this.

                          Old-Dutch Not sure about that Ed.

                          What’s up with your roof?

                          Was thinking about it this morning and I have come to the conclusion that there are hairline cracks in it!

                            Hursty I get that part, mate, but I’m still in the dark about “staking” and whats #pluto?

                                LT42 Staking is similar to depositing into a savings account and earning interest, but in this case you stake the coins and earn a yield from it. There are numerous smart contracts where you can stake coins, exchanges such as binance also allow staking. One thing to remember is that the yield is variable so can go up and down and is not fixed. Typically some coins offer yields of 100%+ but as more people enter the staking contract the yield reduces.

                                  LT42 Did mention pluto? That may be my stake pool lol.

                                  Staking is how Proof of Stake consensus protocol works, unlike Proof of Work which Bitcoin/Ethereum uses.

                                  Instead of trying to solve cryptographic puzzles to be selected to add the next block to the chain, slots are assigned based on the amount of stake a node has…a lottery in effect. Every few days the lottery is carried out and then those nodes are allocated a slot (point in time) to add the next block with all the transactions which have just occured.

                                  That is it in a nutshell….worth reading more into…or checking out my pluto website?! ;-)

                                  • LT42 replied to this.

                                      Hursty Link to the site, mate?

                                      And just like Columbo, I’ve just one more question….I can’t settle on a wallet to use. Was looking at Klever and a few others, any recommendations?

                                          LT42 www.plutostakepool.com

                                          Wallet suggestions are on there, Yoroi is the easiest to use

                                          • LT42 replied to this.