Jupiter ($JUP) is by far the highest utility-to-market-cap ratio product.
Once it starts to go up, I would know that the time for utility coins has come up.
Once crypto recovers, you will wish you had purchased it at these prices.
@ag_hodl@0xUnbased@KillaXBT It doesn't work the way he's presenting it. Coinbase might be taking the other side of the OTC trade and then doing all the activities you're mentioning.
@ThinkingUSD That is, early lighthearted usage of a technology (like your grandma got comfortable with email by sending useless funny emails), until we got confident enough to be able to use email.
@ThinkingUSD 1. Trading equities for retail is not free outside of U.S
2. There are non-equities which can be tokenized and traded, but arenโt because of the necessity of a huge infrastructure for it to be able to be traded like equities.
3. Memecoins are equivalent of FWDs from Grandma
@libfederalist@SantiagoAuFund It becomes a matter of how much each side cares about the respective issue. For the US, this isn't just about Israel, but even if it just was, it would be a big enough issue to do this.
For Norway, this was a virtue signaling, so the chances of them folding is much higher.
@Covenant_Archon@jeremykauffman When a state entity implements it, it makes you less free than when a private entity implements it. But, it makes you more free than no such implementation.
@SuperCycleBear@SantiagoAuFund Are you talking about the US? Then itโs only an absolute terms. From a debt to GDP ratio POV itโs not the most indebted country.
If we were 100x in GDP today & our debt-to-GDP ratio was only 1%, then too we would be the most indebted country in the world
@MikeTheGambler_@weremeow@kashdhanda Not to mention just the news of burning results in tokens going up in value more than whatever youโre gonna accumulate in litterbox.
Regarding maintaining some sort of war chest, it doesnโt really turn out so well for chains.
@Woodman13991@MikeTheGambler_ They can replace it with liveness votes.
That is the whole point - it shows that you are still around, but the vote does not decide anything.
@ThinkingBitmex You're almost right.
Targeting Iranian oil infrastructure is not how the markets will implode, but Iran blowing up Saudi infrastructure as retaliation is what is going to cause the global markets to implode.
For example, last vote caught me off guard. I learned about it a bit too late because I was busy with other things.
The first thing I did was immediately vote abstain. Then research & chose the right option. If I am forced to vote, I will choose no because it's better to prevent a bad proposal pass and maintain status quo than to let a bad proposal pass.
Considering the proposal can always be resubmitted, the default position then becomes "no".
@jup_dao That is much better and thatโs how it should be.
Raise the threshold to pass and then allow true abstain.
If you donโt do your research to hold an opinion you are still letting those with opinions to decide.