Stop blaming exchanges for performing security updates when you’re invested in a highly volatile asset class, and decided to have them custody your assets for you. Don’t get me wrong I can sympathize with your frustration when your funds are allocated to a single exchange and that exchange locks you out during a large swing,
Category: Cryptocurrency
Thoughts on all things crypto.
Allocated Staking Rewards
If you are not familiar with staking or staking rewards please take the time to review the content from the link below.
https://www.binance.vision/blockchain/what-is-staking
The idea behind allocated staking rewards is that a user is able to decided how they want their rewards to work for them.
- Have a percentage of the rewards sent to a charity wallet
- Have a percentage of the rewards sent to a child’s or any type of support/savings wallet
- Have a percentage of the rewards sent to a content creator
Furthermore,
Tax Crypto and Move on
The consensus is that a lack of regulatory clarity from the United States is why the cryptocurrency market is struggling. The reason the United States is most likely taking their time is that they do not know how to tax cryptocurrencies. Currently, whenever the US dollar is used during a trade of goods or services,
Why Alt Season?
It is essential to look to the past to see where the future may go. In traditional markets, there is always a pattern of up and down movements. A current flaw within the cryptocurrency space is individuals believing in patterns that have not stood the test of time.
In the past, when Bitcoin would have significant gains,
Proof of Funds
Stable coins should be required to show a proof of funds before increasing their supply. Otherwise, they can create an incentive program to back the coin, and then their only cost is the price of the incentive.
What USDT-Tron is doing is not scam but it’s very shady/brilliant.
How to Support Content Creators
As someone who listens to a lot of cryptocurrency podcast and Youtube videos, I am always baffled at the number of people who donate to content creators. I understand that you may want to show your support but you need to ask yourself “Is this the best thing for my financial future?”
Some people are in the position to donate or support their cryptocurrency content creators monitarely.
Coinbase not just donuts
Many of us find ourselves irritated with Coinbase because of their business practices and inability to add top coins to their platform. Some feel that Coinbase should be more focused on the future of cryptocurrency outside of the coins they hold and are playing games instead of aiding in the overall development of the industry.