AgShaun00 said:

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Yukon Cornelius said:

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I don't have any Sol but it's holding that 200 pretty well. Might be a trade there to the upside.

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SOL is nice with 5% staking also

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Going to unstake mine soon. Don't want to get caught with it if we get a rocket ship

Damn, crypto taking a dump today.

lol yep. Global M2 up, stock market hitting multiple ATH, stock market closing the month up big, Fed signals rate cuts… crypto dumps.

Classic. Why anyone who says "you got lucky" with crypto can shove it. Most people don't have the stomach to wide this volatility.

Came across this gem in a Saylor interview...I wonder what Satoshi would think. BTC has gone from criticizing reliance on financial institutions to literally embracing Fink as its best spokesman. A white paper that first promoted bypassing custodians, to now encouraging their involvement.

"Larry Fink of Blackrock is by far the most compelling spokesman for the bitcoin movement"
-Michael Saylor

Btc pumped a couple weeks after golds move over the last 12 months. Dont get bored and capitulate.

I don't think people have a clue what's coming to eth.

32 minute mark. "What do institutions want most? Its security and liquidity"

There's only one chain for that.

Watched that last night. Moved a little more money into my crypto portfolio today

What is the just of it? Can't watch right now.

BCG Disciple said:

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What is the just of it? Can't watch right now.

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Guy that left Blockrock as their crypto guy to join sbet or.whzteger its called. One od the ethereum treasury companies

He goes into why ETH. Nothing new pr earthshattering but another big name with his ear to the ground and in the know.

What Yukon quoted from him was probably the main thing

To me he is one the most in the know individuals as to what institutions want/looking for. He helped pioneer blackrocks digital stuff. Spent a lot of time understanding and educating institutions. If he's thinking the institution adopt ethereum there's a good chance we see that.

His point about all traditional finance being tokenized into ethereum wallets is a very real possibility.

Consider blackrocks position as asset manager. Younger people don't have brokerage accounts. How do you get them to buy into your products? You put them on tbe blockchain.

And the fact vanguard still won't allow their customers to buy crypto etf is financial negligence.

Another BIG point is the brokerage firms and institutions with tokenized products don't have to worry about counter party risks over night. They also get to unlock their capital much faster due to increased settlement times. Which I've mentioned is a big selling point before in this thread. When nerds start debating transactions per second they are missing the forest for the trees. For tradfi a few minute setttlment time is LIGHT YEARS ahead of the current process and is more than fast enough. So what matters is security and liquidity not inherently speed.

A lot of very smart people calling this the trade of the decade.

I get the point you're trying to make, but if the future is going to be paying for items with crypto in a store, you don't want to be standing there for minutes waiting to see if your purchase was approved. It needs to be practically instant.

I really want to know how many of these people have actually used Ethereum. A lot of people see staking and the various alts and see yield and assume PoC.

I want to know how many people have tried sending an ERC20 token from one address to another, have played the gas fee roulette, seen how expensive and slow it can be, etc. I read a lot of this and assume it's institutional FOMO taking a bet on the biggest chain that feels a little like tradfi.

MRB10 said:

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I really want to know how many of these people have actually used Ethereum. A lot of people see staking and the various alts and see yield and assume PoC.

I want to know how many people have tried sending an ERC20 token from one address to another, have played the gas fee roulette, seen how expensive and slow it can be, etc. I read a lot of this and assume it's institutional FOMO taking a bet on the biggest chain that feels a little like tradfi.

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It really is a mess. I think it will take a big financial loss event for these large corporations to pull their heads out of their nether regions.

The ETH "oil" narrative is compelling, assuming that is the form of energy used to fuel stable coins, smart contracts, banking, AI apps etc. Id rather see deep dives on Eth vs Solana, than Eth treasury execs talking their book. Still early days...but when Saylor and Mallers are whinning about alternatives, its prob a good sign.

No one is talking about point of sale.

You're missing the point. Brokerage firms and institutions have billions to trillions of dollars "stuck" waiting on multiple day settlement times while at risk.

Going from 24-48 hours to a few minutes is beyond revolutionary. And if gas fees become an issue there's layers 2 to deplore the tokenized whatever on.

People need to change the way they think about crypto. It was first adopted by retail but retail isn't what matters anymore. We are talking about institutions trading billions to trillions of dollars of assets between each other. They care about security and liquidity.

All the debate surrounding layerones on the internet is meaningless. Alt coins will evaporate and be replaced by funds and stocks and other tokenized assets. You will have a very few remaining cryptocurrencies. The rest will die to real world assets.

And future crypto companies will do IPOs instead ICOs.

We may get one more alt coin season. Sell your bags and never look back save for a very very few.

I think the deep dive is easy. We're talking about loading trillions of dollars on chain. Eth or sol? Which one has never been down and which has been down multiple times? Deep dive over.

To be honest I dont totally understand it all, but if Tom Lee, Larry Fink, his crypto guy, and even Jamie Dimon among others are warming to a revolutionary new poop flavored chewing gum and investing billions...


I'll buy for now

You nailed it

I highly encourage everyone to watch this. This is an internal JP Morgan presentation about utilizing blockchain to unlock trillions of dollars from intra bank to bank transactions.

Theres also Trumps guy that recently left to jump into crypto. I can't remember if hes doing eth or btc but those 2 appear to be the 2 flavors

Yukon Cornelius said:

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I think the deep dive is easy. We're talking about loading trillions of dollars on chain. Eth or sol? Which one has never been down and which has been down multiple times? Deep dive over.

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Ive got a couple ETH bets in near term, but longer term, I dont think its that clear or simple. In time, perhaps it will be as simple as "trusted and secure".

I completely understand how 24/7 liquidity and nearly instant settlement might be a game changer for institutional buyers. There are issues, like the ones I mentioned, that I wonder if people spending all of this money on ETH are aware of. They likely don't care in all honesty and are happy to create ETF products to market to plebs looking to dip their toes into "crypto".

For the record, ADA, SOL, XRP, etc. are also unlikely to get the job done. The common weakness is that they're all public chains and I have a hard time with the idea that the richest and most powerful people alive will hand over some of that power and control to Charles H. or some tech bro.

I guess I don't understand the issue. I use eth all the time without any issues

It seems to me like all the other coins from Trump coin to fart coin are like playing with penny stocks.


ETH and BTC have large backing and perhaps the very few others like sol, and ada get there too.


I think a of people lump all the ****coins into the same bucket as ETH and BTC.

This weekend a friend who has a professionally unemployed loser brother in law mentioned how his BIL made his own coin recently. Some ****coin. To my friend, thats no different than BTC, same crap his loser BIL is messing with

I know the underlying vol is a big turnoff today, but 7% APY for staking Solana, and 4% for ETH is pretty impressive. I wonder how lenders will react if savers eventually migrate to staking blockchain vs fiat during low interest rates. Not talking about boomers, lots of younger gen and corporate cash to park somewhere.

Things could get parabolic if there is a clear blockchain winner that opens floodgate to borrowing at a lower X% to stake at higher Y%.

If the delta moves out of your favorite you could get wrecked. Not sure it's worth the risk for 1-2% arbitrage.

now I see the Trump's pumping up the "American Bitcoin"

anyone know what this is?!?!

MSTR competitor, but they're late to the game. Almost all of these are now trading at a discount to NAV.

Good time to buy. I can see alot of these companies get bought out with a below 1 nav.

Yukon Cornelius said:

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Good time to buy. I can see alot of these companies get bought out with a below 1 nav.

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You buy the recent dip on BMNR

Bought more BMNR today. Going to keep accumulating.

Yep. Cash secured put expires sept 19. Premium used to buy BMNR.

thanks- is it a company on the stock exchange?