Sunday, June 10, 2018

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 just 32 ETH, I'll be running as many as I can. More than a handful, hur hur.

I believe there if this is the case, there would be thousands of nodes coming online. Let's see if I'm right.

There have been an increase in the "protocol" thesis lately and I'm just gobsmacked by how many people think some random platform is going to usurp the current market leader. I think Ethereum is both undervalued and its competitors are extremely overvalued. This is a rather good piece that highlights some points that I've been repeating over and over again.

I'm skeptical of other platforms, but I'm not an ETH loyalist. I just go with the flow. If a competitor can prove to be a serious one, I'd gladly reconsider my current position and update myself with the new facts and think about changing allegiance, or at least hedging my bets.

There is currently nothing I'm worried about.

This of course might change in the future.

Everyone flocking into all these new protocols really just make me shake my head. This comic sums it up well.

Crypto is getting a bit more quiet with all the moontards badly burnt and having left the space.

Projects have all STFU since they aren't breaking new ATHs and and ducking down to avoid pissed off moontard investors and are working hard to pump out their project to make it deserve a valuation.

Personally, I am eagerly awaiting the launch of Havven's nUSD. I have raved about it before. Let's see if I become rich or get rekt.

I recently took part in an ICO and now I am waiting for another ICO to finalize it's token sale terms. Other than that, all is quite quiet on the crypto front for me.

Well, other than arbitrage of course. I'm getting rather good at farming free money. I wonder how long its going to last. Since my positions are rather fixed, I have decided to utilize my idle capital to continue my arbitrage trades. The downside is that they aren't in my cold wallets and at a slight risk of any exchange black swan event.

Oh well, no risk, no reward, amirite?

I'm going to give myself a loose target and aim to make $50,000 from arbitrage between now and the end of the year. I think I might be able to do it. Let's see how it goes. Just a fun experiment for myself.

Stay safe in crypto lads. See you on the front lines.

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