Well, hello there. I've been off the crypto game for a long time (I needed a mental break from it), and I am finally back to it. But the problem here is that I don't know anything that happened over this break (I should start by checking the prices rn) and I would like to know any important crypto news and events that happened over the last 4 months. Thank you for reading, and have a great day/night!

(Please understand that this is completely up to you on whether or not u want to contribute some knowledge, its totally fine if you dont want to! I wanna make sure I do not sound demanding.)

I have analyzed almost all decent projects (mid-cap to high-cap alts) with its token that function as DAO. The name DAO is basically decentralized autonomous organization but I can assure you that none of them work as intended. Here's why

Most web3 projects, as we know, are controlled by the same usual suspects, the big VCs that also control the money-printing of stablecoins and the top exchanges. So think about it. If they always control over 50% of the web3 projects (and they always do since they get in at pre-seed stage), what's even the point of participating in governance? Imagine in real life election where some big company can keep voting million of times for one presidential candidate while average joe like you and me can only vote once, people will be outraged. and yet in crypto DAO processes, this is just something normal.

What are your thoughts on cryptocurrencies? Why buy cryptocurrencies, then do you think it is better to do contracts or projects? What is your purpose in investing in cryptocurrencies? I personally think that doing cryptocurrencies now is to avoid more unnecessary losses, because the Fed raises interest rates, and the Russian-Ukrainian war will affect the devaluation of the currency. I only have my own funds in my cold wallet, so there won't be any losses, do you think the same as me?

Personal experience, since I started to contact cryptocurrency in 2017, I have been doing it from the very beginning, and I have been doing it for a long time, that is, buy low and sell high, buy when the price is low, and sell when the price rises. , I have been operating like this for more than a year, and then cryptocurrency can operate gold, so I use cryptocurrency to do gold. After doing it for a while, I think the risk of operating gold is too great. The benefits of double investment are indeed high, but the risks are also It's very big, so I didn't do it, and then I went to work with crude oil. Later, I can do contracts now. In fact, at the beginning, the contracts were also OK. Although the income was less, it was stable. Finally, through a friend's introduction, I will do the project I am operating now. The income is high, the funds are safe, and the annualized rate is also optimistic. I don’t think I am wrong.There are actually many opportunities in one's life, but it depends on whether you can seize the opportunity. If you cherish and seize the opportunity, God will see your efforts. No matter what you do, you must be persistent and firm. Confidence, so you can do it. Believe in yourself, and others will believe in you. This is the world. When you believe in others, others will believe in you. what's the topic? What do you think?

it is crazy how there are thousands of crypto projects out there yet nobody is thinking of making a petrocrypto ecosystem. as we all know, the USD is being printed like crazy every single day and yet the petrodollar still exist. outside of couple of countries like Russia who force its clients to buy gas and oil using ruble, most other countries are still afraid of becoming independent from the USD.

I wonder why nobody has ever thought of creating a petrocrypto ecosystem where it completely replaces USD in importing or exporting gas, oil, or other natural resources? is it because everybody is afraid of uncle Biden?

Why do some projects use like BNB for providing liquidity instead of just using BUSD? Isn’t that better since the BUSD token is more stable and wouldn’t keep loosing value or changing with the market?

This would make projects more stable and their prices wouldn’t just keep changing with the market. A lot of small coins use bnb for liquidity but why don’t they used for example busd and just have stability instead of continuously changing price of their token?

In some small-caps they keep having their liquidity pool drain when market crashes because they use BNB instead of something like BUSD since BUSD can actually make it. Only price of one token changes and so the pool doesn’t keep crashing and causing problems for investors.

Does anyone know why stable coin like BUSD isn’t used for liquidity pool and instead they use something like BNB which is relatively volatile?

I just don't understand it.

I mean I don't care what your doing with your money or choices so why do you care what I or someone else wants to do with theirs?

People always say something along the lines of "protecting others" but at the end of the day the language used and the random attacks on a subreddit do not seem like a kind warning.

If you don't want to invest then don't, if there are legitimate questions then ask them and respect the answers you get, why go out of your way to push certain narratives or try and actively prevent a crypto from growing or changing.

I guess a lot of you will check my history and note the coin I like and again I am sure this will be either removed or down voted to oblivion, but again, why?

What is it exactly that is making you spend time and effort to do this?

I would hope to get some genuine insight but I will brace for the inevitable...

Edit: someone has decided to downvote all replies so I have tried my best to counteract this by up voting all replies.

I'll start with 2 coins that I dont think have product market fit but people are in denial about it. Let's see if the criticism can be taken.

1) VeChain

If Vechain keeps targeting big established corporations (e.g. Walmart, Louis Vuitton) to offer some supply chain solutions then this would never work. Fundamentally, no company that has thousands of developers maintaining a large interconnected software system with something new and experimental 'blockchain solution'. Even if it was a better solution just the switching costs are killing. Not to mention the politics and the people that would lose their jobs and will do everything in their power to make sure it doesnt happen.

2) Nano

I'm sorry I have to say this but Nano will most certainly fail at this stage. Nano is targeting a market that doesn't exist. It does not matter how fast and free Nano is. The volatility makes it useless. If you want to have it being used as a currency you can't have it being so volatile. And if you want it to be a store of value then it doesnt matter that its fast and feeless. For a currency you need to be able to scale x 1000 (in money size) from here but it cant even get to x 5 because it will never go through the volatility issue. Nano supports will say 'it does one thing and it does it well' and it doesnt care about smart contracts or w/e, but they dont understand that it matters to for it to have the possibility to change. If you cant execute on your main value proposition you have nothing left. You're always going to be stuck in this limbo.

There are more coins that are overhyped/overrated here. Let me know if you want me to criticise those haha..

Edit: If this gets to the frontpage I want to say one thing that has been on my mind for a few years now. This subreddit has became real garbage. I just have to be honest. Most people that comment here seriously have no clue about the projects they invest in. If you compare the Twitter discussions with this subreddit its a complete different world. I don't think any serious VC, degen, trader etc. actually comes to this subreddit for advice. Just even today I'm reading comments again about 'Algorand' lol. From all the projects the pros here at /r/cryptocurrency are talking about Algorand and how genius it is. Literally almost 0 people talk about Algorand on Crypto Twitter. Not saying that its a bad project but from all the projects you could talk about you mention Algorand? No Convex, no Frax, No Layer Zero, no Tokemak. No no... Algorand!

The banksters from Goldman Sachs literally went from ‚Fraudster vehicle‘ to ‚Store of value‘ within 5 years.

Do we blame them for this? Nah. We acknowledge that they finally understood the concept, philosophy, technology and potential of Bitcoin (and cryptocurrency in general). Satoshi bless them.

In general we shouldn’t make fun of the Banks when they are launching weird Bitcoin-underlaying ETF, ETP or Option products. It’s their way of telling us that they believe in the technology and revolution.

It’s like telling your wife that you do love her without acutally saying „I love you“.

It had to happen, some bright spark has started to rip the r/place community artwork as individual NFTs. There’s only a few posted, but this is not going to turn out well.

I mean; you can’t blame them, but Reddit have money (and legal support). Will it get removed? Who knows - but that seller probably isn’t going to be active for long!

What’s worse is the negativity it generates around the general crypto scene. Whatever you think about NTFs - just check out the thread below… let’s just say they are not fans!!

‘We will not let them sell’: https://np.reddit.com/r/place/comments/tyap49/we_shall_not_let_them_sell/

By the way - good work team - defended our little moon well on r/place 2022. We all did our bit, 1px at a time!

In gambling there is a trick to understand the pattern to be able to tell if it is rigged.

I something gradually increases in value slowly but consistently at all time but decreases larger more instantly every time then its a sure sign it's rigged.

The reason for this is there is a lot of time to be patient to be motives to buy but on the other hand you must sell without consideration because there is haste.

So obviously crypto is rigged BUT that doesn't mean you can't go with the current of the controlled value.

https://www.nytimes.com/2022/04/05/opinion/ezra-klein-podcast-dan-olson.html

Dan Olson makes his case against crypto in this episode of the Ezra Klein Show. I wasn't swayed, what do you think?

It seems like he's made large assumptions about the entire technology based on observations of small moments in the cyrptosphere. He boldly claims that the visions of BTC and ETH have failed, though these two have seen growing adoption, Marketplace podcasting said yesterday that 50% of crypto investors first started in the last 12 months.

I think Dan is trying to make informed judgements about the tech but it's not an easy thing to fully grasp. He sees NFTs as the current phase of the space but they're really just in the media the most. The real crypto tech is still growing in amazing ways.

Here's a summary of you can't listen: The hype around cryptocurrencies has reached a fever pitch. There are Super Bowl ads for crypto companies featuring celebrities like Matt Damon and Larry David. The Staples Center in Los Angeles is now the Crypto.com Arena. And behind that hype is a distinct vision: a more decentralized economy where individuals have more autonomy over their finances, a grass-roots internet free of the not-so-invisible hand of Big Tech, and a cultural ecosystem where artists and musicians can fairly monetize their work.

But what if that vision is deeply flawed? What if the technology undergirding cryptocurrencies isn’t what it’s cracked up to be? Or what if the technology does work, yet the world it creates isn’t a decentralized utopia but a hyper-financialized dystopia?

Just saw a post trending here asking if Ethereum switch to proof-of-stake this summer will be "the greatest" achievement in crypto history. I read the comments, and it was horrible, so here I go:

Of course this event will be considered as one of the biggest and most significant event in crypto history. It's not even debatable.

Beside the very creation of Bitcoin itself, I can't see another contender. Ethereum is the second largest cryptocurrency by market cap, and the blockchain upon which is built pretty much all of DeFi, NFTs, POAPs and a lot of the major tokens. It's being built by some of the brightest minds in cryptography and computer science. There are already $37 billions worth of ether locked on the Beacon chain. Ethereum is by far the largest decentralised blockchain, after our king Bitcoin, and as such, it is very well positionned to become a de facto global settlement layer.

And the best of all : the switch to PoS will reduce energy consumption by more than 99%. It's impossible to overstate the importance of this aspect. Without this reduction, crypto would get nowhere near mass adoption. When I talk about crypto with one of my normie friend, they invariably come up with the "it's polluting!" argument. In a few months, this argument will disappear forever.

Lastly, a word about fees. No, the switch to PoS won't bring down the fees. But here's the thing : PoS is a necessary steps towards sharding, and sharding will absolutely bring down fees.

For all those reasons, I think it's absolutely clear that we will witness this summer one of the most significant, if not THE most significant, event in all crypto history.

Many applaud staking as the big passive income. The big source of money during a bear market. But in reality staking does not help much, it won't make you rich through passive income unless you already put in very high sums to stake, then you may gain some reasonable amounts.

Many have that misconception here that staking is that cool "passive income" that makes you money while you sleep. But you really won't make much money at all. It's actually an amount you can just ignore. Personally I staked and committed ALGO to governance (the possibly simplest staking coin), still I did not got any amount that may be worth the time.

Obviously it's always nice to get some bonus and as it's free money you should definitely take it. But don't think that you will become rich due to it. Staking is just a way to expand your fortune, not change it.

Taking profits is often a recommendation in all forms of investing. You made an investment, it reached a point of making a good return, so you should reward yourself for making a profit by taking them.

Seems simple enough, but there are so many variables to what to do with those profits. Do you take the cash and pay bills, buy yourself something nice, or reinvest in another project?

Also, how much profit is the threshold for taking? Do you wait for a 25% gain? Or hold until it doubles? What if it goes 20x in six months?

I've never actually taken a profit. By that I mean I haven't taken anything and removed it from the market. I always feel there will be another run. The next pump could be astronomical.

And what if I take out a profit, but then the coin keeps pumping? I got some nice gains but I've ruined potential for higher gains.

The last point is the hardest for me to reconcile. Being that crypto is cyclical, it's hard for me to remove my holdings because the next pump could be higher. The volatile nature and constant market growth tells me current ATHs will be broken, again and again.

I think in this infancy (or adolescence?) of crypto it is foolish to take profits because the market as a whole keeps growing. Taking profits when BTC went from $100 to $300 seems really dumb today. What if BTC is $400,000 in another 10 years? You'd kick yourself for not keeping your coins you got at a $50k average.

I am predicting that one year from now exactly this will be the top five coins:

1. Bitcoin
2. ETH
3. AVAX
4. DOGE
5. SOL

This is a bias opinion of mine and I would like to hear your guys's bias opinion. The way I'm looking at it, tether will be knocked out thanks to UST. Cardano is a lost cause in my book. Once AMC starts accepting Dogecoin and Elon musk social media launches Dogecoin will start flying. Solano has a gang of support, people love the coin, and I could see it continuing to rise. Also, avalanche is on its what way up and it's just a matter of time before everybody realizes how amazing it is. Mass institutional adoption is coming from Banks, corporations, and retailers. People are going to want fast cheap and user friendly networks. Furthermore, people are going to want networks that offer staking rewards, and nft options. This is my analysis from my personal research. I give it two more years tops and everybody will have a wallet in their phone or computer or both. So, now, tell me what is your perspective on the top five coins a year from now. I want to know your thoughts and let your voice be heard. Lastly if you agree with my top five choice you are one of the Brahma bulls.

EdIT: people hate my top five and everyone is bullish on Luna

Edit 2: DOGE is flying

Looks like the EU made a Twitter post about why these EU crypto regulations are a good thing. I can't find a positive comment on there.

Twitter Link

Maybe go and post your thoughts on there for some visibility (positive or negative) It's good this gets spoken about more.

After EU regulations on private wallets, next regulations will be from US and it is not unrealistic to think more will follow. Governments won't tolerate an independent and decentralized financial system. Period. So we have to get ready to fight back. Here are few solutions:

1. DEXs: I know, centralized exchanges look very convenient. They offer more coins, have nice interface and are more pleasant and easy to use. But they have no choice but to abide the law. It is time we start using decentralized exchanges. Start using osmosis, Sushi, dYdX, uniswap and likes of them. I am sure they will grow more and become more accessible and user friendly with our input. Also don't hold your coins in centralized exchanges. Try a decentralized non-custodial wallet.

2. Choose decentralized coins: Coins like BTC, ETH, XMR and some others are mostly decentralized so governments don't have much power on them. They can't ban them or regulate them. Avoid coins which are mostly centralized. Some of a centralized blockchain characteristics are:

   1.bunch of people holding the majority of coins.

   2.governance is in the hands of few people. (Usually developers or few big partners).

   1. blockchain's data stored in few institutional servers.
   2. issuance is shady.
   3. Using blockchain is not public and permissionless.
      

3. Make your voice heard! Contact your representatives and give them a piece of your mind, write articles and opinion pieces about it anywhere you can, try informing others, and more importantly unit with others like us. We need some organization.

If you are willing, lets pretend for a moment that the global network of stock markets and their accompanying ecosystem are actually an older type of blockchain.

From that perspective, hows the stock market doing vs the newer chains?

Decentralization is obviously low, with things like banks and multinational Corporations. Security based on trust in centralized exchanges and government regulatory bodies.

Size would be a big thing in the stock markets favor. Speed maybe?

How does the growth rate compare? Advances in the underlying technology?

Hopefully this isn't a frequent question on here.

Does jail time for dev of crypto token scam make sense in the crypto phylosophy?

When we talked cryptocurrency, it’s all about being your own bank, do your own research, or believing that what you do is research, self responsibility.

Is you loose money on a token that is clearly a scam, are you for our against criminal charge for fraud or “white collar” crime?

Because if you are for it, is it kind of like being for regulation?

For your informatiom, my hitler inu and my scam coin are safe, i really love them.

Firstly, with all this EU over regulation and calling crypto scams surging into headlines, I want to put my thoughts forward on why I think crytpo currency is not just buying air but is actually having value and is backed by something. This is a topic that I have given serious thought since I want to pursue my post graduation and could be a legit question that can be asked in an interview since my project is about crypto and blockchain.

So let us consider how we value a company. For a company that is publicly traded, a simple way is to just take the stock price and multiply it by the number of stocks issued. I know this will trigger a lot of financially savvy people but bear with me.

Now if the company is not publicly traded ? Then we can say the value of the company is the difference between the assets and debt of the company. Assets are what I consider as machines or office space the company owns, the pending payments from customers, money in the bank.. essentially if we sold everything the company has then it's dollar amount is what I'm calling assets. The debts are the salary it has to pay its employees, the outstanding bills to suppliers and loans it has taken. So if we sell everything and settle all the debts, what we are left with is the value of that company. Again, please don't roast me, it is a simple thought.

Now comes the serious thought experiment. Consider I have a business called search.com. The business is that if you ask something to it, it will return search results from the internet. Essentially glorified google but the key point is that you have to pay 1$ to perform 1 second worth of search.

So now this business is run purely by a computer. This computer has finite resources and everytime someone asks it to do a search, you pay it X $ and it will search for X seconds and return all the relevant search result.

Now the problem of this business is that everyone outside of USA can't use this smoothly due to fact that everyone now has to deal with fluctuating prices. And I have to deal with managing all the various foreign exchange and keep track of it all in my computer that runs search.com . So I decide, screw this, I am going to make a glorified token called the search token. Similar to something like reddit coins.

Now I initally announce, look I don't want anymore exchange rate problems. I am only accepting payments in search token. I'm selling you all this search token initlaly at 1$ per token. Now it's everyone's problem to get the search token while now my business and in extension the program runs on a unified system without worrying about the fees needed. I also limit the number of tokens that I create so that neither I nor someone else can just keep adding tokens and inflate or deflate prices.

So now my quuestion to you is, what is the worth of my business search.com ?

My answer is that the value will be the number of tokens that people have bought multiplied by 1 $.

But it doesn't stop there. We can explain a number of crypto lore with this scenario:

If you search wants to be more in depth and hence takes more time ? The same as a computationally more expensive operation costs a lot more to execute. This is why various smart contracts have various fees.

Since there is finite resource, if there are more people than what the computer can manage, the people go "Hey, i have a search taking 1 second but I will pay you 2 tokens instead of 1 so do mine first please." This is the varying gas fees situation in many blockchains like ETH.

You also may not have enough for a transaction, so you go to buy token from someone, they say "look I need it too but you know, if you pay me 2 $ per token I might just give you some" This is the trading part of crypto.

People who don't want to search at all will now buy and hold this token knowing that others are wanting to search and hence they can later sell it for profits. AKA the HODL and trading of crypto.

I have also flaired this as debate so that we can take shots at this and refine the idea further. Open to hearing what you think about this.

Alright here are my amazing loan terms:

25% Loan Amount to collateral (for example $10,000 would get you $2500)

60 Months to pay back (5 years)

Can pay back at anytime though

1 pay back repayment not monthly

0% APR

So I have to pay no interest! I can’t believe how amazing these loan terms are. I understand it’s not risky for them because of the amount of collateral is so great. But this way I can get more cash to invest while borrowing against my assets and still keeping them.

I believe 60 months is plenty of time to buy an asset and wait for it to go up in price. Historically 5 years in the crypto market has only produced gains.

So here’s the plan. Buy crypto with the loan. Eventually whether it’s in 3 months or 4 years when that crypto is higher in price I sell. Pay back the loan fully. And I pocket the difference while keeping all my assets from the collateral!

Obviously this is risky but I’ve been in crypto for long enough I am comfortable with this risk and think it is a good play.

I’m not going to shill the service I am using but if you want to know just comment and I’ll respond.

Which me luck, hopefully not a smoothbrained play.