IF "having a diversified portfolio" is general wisdom,
and the average-person investing is $7k+ in debt,
..then maybe that's not "good" wisdom for a general audience :)
@TheUberhuman@yugalabs “Racism is only, as we practice it, about 500 years old” -Jane Elliot
I think most would agree that using symbols which historically [over the last 500 years at least] have had global derogatory identifications shouldn’t be used in practice today;
Repeated mistakes are decisions
@DegenSpartan yup.. Bring in the micropayment system culture, "freemium" business models, and microcities baby.
You don't need land! Who do you think you are?
All you need is a couple hundred sq ft to do your ponzi trades, hypnotic "binges," bleach showers, and hentai watching in.
@Serpent@zachxbt What about all those twitter comments with YouTube links to crypto frontrun-bot videos that claim go earn you passive gains with hundreds and thousands of views which are actually honeypots?
Crypto Degens making 13% profit on high-risk bets during bear with a 36-48m perspective
vs
Crypto Retail Bros DCA’ing into bears with a 12-month perspective
@ryder_ripps Ryder Ripps’ Phase (1):
“To know your enemy, you must become your enemy.” -Sun Tzu
Phase (2):
“The opportunity of defeating the enemy is provided by the enemy himself.” -Sun Tzu
Phase (3):
“If you know the enemy and know yourself, you need not fear the result of 100 battles.”
1ndeed, *average #consumers* -like to be controlled.
Those who are self-aware enough to see the
ill will's,
tempting desires,
and grifts of the world,
haver an increased chance of creating their own through their habits, values, and work ethic / purpose.
Do Kwon: Free
Sifu: Free
Alex Mashinsky: Free
Su Zhu: Free
Tornado Cash developer: Arrested
Crypto: The land where it’s okay to rug/swindle billions of $ from retail investors, but writing code to provide basic privacy is a jailable offence.
Acala "stablecoin" on #DOT network suffered an exploit where a hacker printed 1 bil tokens out of nothing.
The result? #AUSD peg lost.
Now at 15% discount vs the dollar after a 95% crash. I hear funds were frozen.
Stablecoins are high risk, especially these new ones.
Huh, I guess #crypto is more predictable than woman..
Or maybe those meddling “#hackers” are.
If I created a #stablecoin and I was a greedy bastard, I’d sell some code capable of compromising the super “stable algorithm” for more than I could extrapolate by myself if I tried..
Crypto fund-raising prompts/trends:
“We’re building a blockchain game”
“We’re building a multi-chain”
“Earn 1 million APY by staking here”
“We’re building a metaverse”
“10,000 unique NFT collection”
What’s next you might ask?
I think algorithmic stable coins are the “new new” ^