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Making a coinbase account is actually quite easy, provided you're comfortable with the know-your-client procedures they must comply with (users must verify their identity, not sure how much this varies across legal jurisdictions, nations, etc). Between your spare cash, and the assets you can...

Those old boys sowed the wind. Let's see what they reap.

I think you're right. There is a refreshing explosion of utopian technical thought that crypto and DeFi seem to be occasioning. A sort of Bucky Fuller capitalism with communist sympathies that I, myself, I have learned to embrace. In my case, a departure from anticapitalism. If you can't negate...

Still can't appreciate the granular technics, but oracles seem to be a real esoteric frontier. Chainlink (maybe Band Protocol?) seems to be setting up camp way ahead of others. There was a good episode of Lex Fridman's podcast with Sergei Nazarov, from Chainlink, in which they discussed the...

Had to look up Benet and IPFS - wiki links it with Filecoin. Same developers behind them? I remember Filecoin's meteoric rise earlier this year. And yeah i think its worth sniffing out the cutting edge blockchains now. I have more at stake in Ethereum than I do Cardano, but the latter could...

Yeah its an interesting consequence of the open-source nature of much of this: a development team grinds for a couple years optimizing a new, more efficient blockchain model, and a newer startup just adopts similar code from the offset and leapfrogs over the former. Even if it isn;t open-source...

For the most part perhaps. But the new head of the SEC, Gary Gensler, taught a blockchain course at MIT; another SEC commissioner, Hester Peirce, known as "crypto mom", is friendly to the scene and an advocate for regulatory encouragement of innovation; former head of the CFTC Chris Giancarlo...

Yeah its already underway. But the lack of clear policy probably won;t help the IRS here, in addition to their own probable confusion as you mention. Probably enough time for tax-dodgers to move funds off of custodial wallets like coinbase, kraken, etc, and onto non-custodial wallets (where...

Also the IRS now has access to Kraken's user data, specifically the data of users who have purchases/traded over $20,000 worth of crypto. Coinbase, Nexo, many other platforms implement "Know your client" (KYC) procedures in compliance with regulators. IRS apparently out to seize crypto of those...

But so much of this in uncharted territory. Some crypto assets qualify as securities (such as NEXO token), while others qualify as property. Personally I;m sure about the taxation differences there, but I do know there is a lack of clarity regarding crypto regulation, at least here in the US...

Yes, so far the four established taxable events in crypto are, to my knowledge: -when you sell crypto (crypto to dollars, euro, etc) you need to report gains/losses. -when you convert between cryptos you need to report gains/losses. -if you purchase something with crypto (unclear on what...

The implications for civics are profound. edit: This guy in Argentina started a universal basic income program on blockchain. Presumably its still in a prototype stage, but in an interview he said there are already 10,000+ humans receiving "UBI coin" or whatever the token is named. Santiago...

This is a central question. If you do, you will be able to recognize and sift away the pump-and-dump rugpull coins and identify the ones that actually have an active development team, wide use cases, etc. The best part is, you still have plenty of time to learn this stuff. DeFi is very, very...

But the research is important. If you do not understand the business model of Nexo, than skepticism is totally warranted. How is it possible to earn 10% APY on stable coins, even on Euros, pounds, and (starting today) dollars? For me, it is the innovative business model that enables this, plus...

Yeah I'd say anyone interested in investing in crypto assets out to spend a at least a week more or less glued to the crypto market data, cause thats most likely how it will be when you actually have skin in the game. The coinbase "learn to earn" program is helpful, and can give you a few...

Thanks all, happy to be back. I'd like to help out with the collective dissensus crypto strategy.

Also forgot Chainlink, which is a decentralized oracle network. An oracle is a means for feeding real world data (weather data, market data, supply chain data, etc) into a blockchain, which is intrinsically hermetic, a closed system. Normally blockchains only compile data native to that...

Since february, I've put most of my savings into crypto, and have been dedicating more and more of my cognitive bandwidth to understanding the technology. Some terms: A blockchain is a distributed ledger, which can either be used as a financial ledger or a database more broadly. The ledger is...

The time has come to inflect and fly on, beyond, and back under the fray. Eternal departure can tone and keep tempered what withers in unchanging weather. Cling to the hearth for too long, and the fibers relax into thermal coalescence; too briefly and fate becomes frigid. So the desert dilates...

Huh, I listened to a series of lectures he gave at MIT, that Eric Lander. Good speaker, apparently is big in genetics and genomics. Not sure what role he played specifically, what research he does.