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Libercrypt

@libercrypt

Followers
96
Following
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489

Crypto enthusiast, mainly active in the Cosmos ecosystem.

Wien, Österreich
Joined January 2022
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@libercrypt
Libercrypt
3 years
Axelar-USDC is becoming the primary stablecoin on Cosmos. @osmosiszone and @junoswapdex have already committed to it.
@dimiandre
dimi 🦙
3 years
USDC deposit and withdrawals now enabled on @junoswapdex trough @axelarcore bridge 🔥. Incentives soon after governance approves new schedule
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@libercrypt
Libercrypt
3 years
Opportunity of your lifetime! 2369% APR! Imaginary 929680253407% APY if you compound weekly! Buy and farm on @CrescentHub now!
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@libercrypt
Libercrypt
3 years
$BUSD at $1.07 according to CoinGecko. Nice.
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@libercrypt
Libercrypt
3 years
I guess the game plan looks like this: let them burn $UST until $LUNA is almost at zero. When $UST capitalization has bottomed, a big investor will step in, stabilize $UST and get a huge share of $LUNA. $LUNA holders getting diluted, but how cares if they are down 97% or 99%?.
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@libercrypt
Libercrypt
3 years
Has @osmosiszone just added $USDC and $DAI to their DEX main interface? Kudos for reacting so quickly. #UST #CosmosEcosystem.
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@libercrypt
Libercrypt
3 years
I don't care any more if Terra dips another 90% or not. More important is the question how other coins will be affected. Full crash and years of crypto winter coming?.
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@libercrypt
Libercrypt
3 years
$LUNA is now valued like a smart contract blockchain without any stablecoins (similar market cap as Algorand).
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@libercrypt
Libercrypt
3 years
That's how a bear market looks like. If companies miss earnings targets, the stock get severely punished. $UPST and $U with huges losses after earnings.
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@libercrypt
Libercrypt
3 years
Massive price movement for @Shade_Protocol $SHD - currently up +50% while overall market is slightly down. Great project, but don't know what triggered this pump.
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@libercrypt
Libercrypt
3 years
Also, Cosmos Hub is one of the more valueable chains in the Cosmos ecosystem. The economics of running a validator on a lower-cap chain is certainly different.
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@libercrypt
Libercrypt
3 years
3/ Also educating that validators sometimes need to sell tokens to cover the costs. Adressing things like the criticism around selling $HUAHUA -
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@libercrypt
Libercrypt
3 years
2/ Also adressing what we can ensure that we can keep smaller validators - like prop191 on Osmosis. What do you think about excluding top10 validators from airdrops?.
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@libercrypt
Libercrypt
3 years
1/ @stakecito Can you make an episode about the "validation business"? Explaining how much it costs to run a validator, how much do they earn, is it a sustainable business for the smaller validators outside top 50m, etc.?.
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@libercrypt
Libercrypt
3 years
6/ It's a good resolution because it's an definitive end to the saga, that will instantly end the FUD and give us 30000 new happy JUNO holders.
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@libercrypt
Libercrypt
3 years
5/ Of course, the clients need to be verified by a trusted third party before they get their tokens.
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@libercrypt
Libercrypt
3 years
4/ So instead of "fixing" the airdrop, let's focus on alignment with our goals. If the exchange/CCN distributes to the clients and they have to hold them in their own non-custodial wallet, it alligns well with the intention of the airdrop rules.
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@libercrypt
Libercrypt
3 years
3/ Instead, we should ask: what did we want to achieve? Why do airdrops exclude exchanges? Because they take all the tokens and do not distribute to their users. Because they gain too much voting power. Because we want users to hold their tokens in their own wallets.
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@libercrypt
Libercrypt
3 years
2/ Also, we can continue to debate if CCN is an exchange service. I tend to say yes. But does it really matter? I tend to say no.
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@libercrypt
Libercrypt
3 years
1/ New thoughts on the (never ending?) Juno whale drama: There is absolutely no way to "fix the airdrop" without unwanted side effects. At least it will inflict reputational damage - who likes coins that can be taken away from you? Possibly there are even some legal risks.
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@libercrypt
Libercrypt
3 years
Very interesting statistics. Obviously, people are starting to get more interested in crypto as an inflation hedge. Higher inflation in the country => higher likelihood to buy crypto.
@paddi_hansen
Patrick Hansen
3 years
Growing inflation around the world is driving more & more people into crypto. The correlation is striking. The more a currency is being devalued, the more likely people are to purchase crypto. This will soon lead to way higher adoption in emerging vs. industrialized countries.
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