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  • Crypto Currency - Believers Only

Having been completely compromised by Binance during my only foray into the world of Crypto, I would suggest going with a different platform

This is the issue with crypto, the on-ramps are painful and not easily understandable, but to be fair, so its Trading212.

Revolut and Paypal are making it easier, but the issue is, you don’t technically own the asset, so it has inherent risk as you cannot transfer to a personal wallet for safe keeping.

  • LT42 replied to this.

    When I go back in I am going to ensure I understand it all a bit more. Not for now

    ‘Cryptoassets’ by Chris Burniske and Jack Tatar is an excellent read and a great intro to all things crypto

      Hursty I’ve yourself and Wally to thank for guiding me through the shallow waters. Already trebled my investment. 👍

          Those of you holding ADA and have it staked.

          Are you just leaving it staked for long periods without claiming your rewards or claiming the reward then re-staking?

            Where are people staking their coins? Any recommendations?

            • Matt replied to this.

              Wally I’ve just been staking mine through my Exodus wallet. Not sure if it’s the best option though

                Matt if you stake via an official wallet the rewards are compounded automatically, not sure about Exodus however

                  LT42 Awesome, hoping we get another significant increase in profits this year as well, lots of exciting developments coming very soon for Telcoin and Cardano to mention just 2

                    Hoping to Christ that’s a fake AITA.

                    Worth a read and a follow - this ‘rookie’ is the director of global macro economics at Fidelity

                    People on the Cardano forum on reddit are saying ADA smart contracts can’t support defi applications because they only allow one transaction per block to process at once (so a concurrency issue) ?

                    TBF, this is a testnet thing rather than production but people seem to be just yelling that rather than explaining the solution.

                    Yeah it’s just the usual fud, check the vid from Charles he posted before

                    This thread might be of help also..

                    It’s interesting stuff - however

                    ‘ We’ll publish a blog early this week to help explain the technical choices and why we believe this approach is preferable (even if it challenges a paradigm established on the account based model that developers are familiar with.’

                    While I admit I’m not a blockchain or crypto developer, I do have two decades of triple A gamedev behind me so I can reasonably confidently say that them saying something is better doesn’t necessarily make it so and doing things that make things harder for developers is not a good idea.

                    If they were the number one blockchain tech, changing something would be a hard enough sell. Doing it while playing catch up sounds insane to me.