Author: Got Money, Got Honey!

Random Sunday Crypto Musings

Ethereum is deliberating about lowering Casper staking from 1500 ETH (~$1.2 million SGD) to just 32 ETH in Casper + Sharding (~$25,000). Owning a sharding validator might be like owning an apartment building in NYC. I’m psyched to run an ETH sharding validator and have passive income while helping to protect and secure the blockchain that I am using. Apparently though, there are concerns about centralization because it means that non-validating nodes are unable to reject blocks. I see where he is coming from, but I disagree. Right now I run 0 Ethereum nodes. If Casper + Sharding requires...

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Police Can Legally Steal Your Money (in the US)

  “A 64-year-old Cleveland man is suing U.S. Customs and Border Protection after agents strip-searched him at an airport in October and took more than $58,000 in cash from him without charging him with any crime, according to a federal lawsuit filed this week in Ohio. Customs agents seized the money through a process known as civil asset forfeiture, a law enforcement technique that allows authorities to take cash and property from people who are never convicted or even charged with a crime. The practice is widespread at the federal level. In 2017, federal authorities seized more than $2 billion in assets from people, a...

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Bitmex CEO Podcast

This is Arthur Hayes, I’m a business man not a priest, CEO of BitMEX. — Arthur Hayes (@CryptoHayes) April 11, 2018 Did you see my ride today at #Consensus2018 ? pic.twitter.com/qGznsNMgWo — Arthur Hayes (@CryptoHayes) May 14, 2018 Really really good podcast by the CEO of the biggest Bitcoin exchange by volume who was previously a banker in Hong Kong. Yes, Bitmex. The exchange that allows you to go X100 on a position, to unleash your true degen form. This is a podcast where I found myself nodding in agreement regarding how simple trading strategies that have been completely...

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Those Damn Digital Tulips

“Initial coin offerings (ICOs), sales of cryptocurrency tokens to the general public, have recently been used as a source of crowdfunding for startups in the technology and blockchain industries.  Even after imputing returns of -100% to ICOs that don’t list their tokens within 60 days and adjusting for the returns of the asset class, the representative ICO investor earns...

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Interesting IMF Homepage

Do you see something? Here’s the link for yourself. Link 1 for the homepage, and Link 2 for the landing page for their Publications section where it is the lead article for June 2018. I wonder what this all means. Legitimacy for this rat poison digital nonsense?...

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How To Lose 99% in Cryptos in 3 months

Step 1 Don’t read articles by this egotistical blogger like this one warning about shitty ICOs. Step 2 Choose a project based on amount of bonus tokens.Only the best of the best projects give bonus tokens.More bonus, more betterer, right? The betterest, I believe. Step 3 Make sure that the CEO of this tech company and blockchain project actually doesn’t understand technology by ensuring his last LinkedIn activity was 4 years ago and his last twitter activity was 3 months ago. Step 4 Confirm that the project is– targeting a very niche segment of users– who will not pay...

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Why Crypto-Securities will be YUUUGGEEE

Why? This whole damn post, that’s why. You can either go, “Meh, stupid blog post with a link to another article. I’m not going to read it.” Or you can click it, read it, and then later go, “Oh shit, HOW DO I INVEST IN THIS?”. Sometimes I don’t know what it would take to get people convinced that this whole cypto hocus pocus tulip nonsense thing is here to stay. A lot of people don’t realize that we are STILL in extremely early stages of crypto technology. What can crypto be used for, today, right now? Speculating, pretty...

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Havven, my newest favourite project

Aites guys, here it is, my declaration of love. Havven is currently the project that I am most excited about in the crypto space right now. There are A LOT A LOT A LOTTTTT of critics of stablecoins, but meh. I’ve read their opinions and views. I don’t agree with most of them. So here I am, swimming against the tide again. As usual. So what is Havven? Crypto Lark, one of my favourite, no bullshit YouTuber, talks to Havven’s founder, Kain in this interview below. If you remember one of my previous articles about the crypto path to...

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Omg, Hyflux? I am SHOCKED by this SURPRISING and UNEXPECTED news

So Hyflux has applied to the High Court to stop creditors from seizing their assets, in other words, bankruptcy protection. Who would’ve known, right? How terribly surprising and shocking news that just appeared out of nowhere. I am sure no one saw this coming, at all, from years away. /s I’ve been perpetually shitting on Hyflux since 2016 until recently. Why are people so in love with Hyflux? Because of the high yield they pay out? From your own capital that you supplied to them? Kek. Hyflux share price when I talked about it in 2016: $0.528 Hyflux share...

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China’s Ministry of Bagholding Publishes Offical Shill List

China’s Ministry of Industry and Information Technology. It sounds fake, ikr, lol. But whatever, that’s the news I came across. I’m just sharing it. My Chinese sucks, so you guys can go check the original sources for yourselves. (Source 1, 2, 3) I mean, it’s published out on the SCMP, so it seems legit, haha. This is probably the best 3rd party summary of the news though. 4/ Detailed scores of the first crypto ratings by CCID Research, China’s Ministry of Industry & Information Technology pic.twitter.com/7LiJIWokge — cnLedger [Not giving away ETH] (@cnLedger) May 17, 2018 Long story short?...

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Laura Shin x Mike Novogratz Podcast

Great podcast for anyone interested in crypto. Mike Novo gives a pretty toned down and less extreme view on the future of crypto and how things can play out with relation to the status quo now. IMO, the best stablecoin has already been conceptualized and will be going live in about 3 weeks. I might be wrong, but I don’t think any fiat-collateralized stablecoin could ever work, without a government guarantee over that coin. Anyway, I’m just glad to be in before the full institutional and main street money FOMO pumps everything crazily...

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Embracing Blockchain or Crypto? Confused?

Yesterday’s post didn’t give you a hard-on? (You ought to read that first). Maybe today’s will. “J’etais néophyte il y a un an, mais à present, je me suis pris de passion. Mais cela m’a pris un an. Faisons preuve de bcp de pédagogie avec nos concitoyens pour faire de la France la première place d’innovation Blockchain/cryptos en UE” @BrunoLeMaire ce matin. Il se passe qch! — Alex Stachtchenko (@StachAlex) May 15, 2018 WTF am I looking at again GMGH? You’re looking at the French Finance Minister admit that he was skeptical about crypto a year about, but after understanding...

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Welcome, Institutional Bagholders

GMGH, wtf am I looking at? You’re looking at the official statement by Nomura Bank in Japan to have a crypto custody solution for institutional investors. Which comes after Coinbase announcing their own suite of institutional products. Which comes after the NYSE planning to allow institutional investors to buy and hold bitcoin. Which comes after Goldman Sachs announcing they are going to open a Bitcoin trading desk. Facking tulips ponzi virus is getting spread all over the world. THESE GOVERNMENTS AND BANKS AND COMPANIES AND INSTITUTIONAL INVESTORS NEED TO KNOW ASAP THAT CRYPTOCURRENCY IS WORTHLESS RAT POISON TURDS. Some...

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Special Offer! Get divorced to get another HDB! Wait, What?!

I saw this article, and I was pretty amazed. A couple divorced so that they could get another HDB and rent out their existing one. Heh. The loopholes in our system are so big and open to exploit if you don’t mind to play the system. Let me help you weigh the pros and cons since we are both intelligent creatures of reason: Cons: – No longer married on paper, boo hoo hoo oh how tragic and sad Pros: – You can get another HDB so you can rent out your previous one Sure, there’s like spousal rights and...

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