OT: Bitcoin, Altcoins, NFT's & All Things Crypto

[Rutgers Chris]

Nobody, once on the blockchain I believe they are irreversible. However, I will defer to Chris on the final word. :)

That is correct

 

[T2Kplus20]

That is correct

This is why smart contracts are so powerful and exciting for the future.

 

[Rutgers Chris]

This is why smart contracts are so powerful and exciting for the future.

Here’s one of the better pick and shovel platforms out there.

Streamflow | Token Distribution Platform

Streamflow is the leading multichain asset distribution protocol specialising in token vesting, streaming payments and token locking.

streamflow.finance

 

[rurahrah000]

Here’s one of the better pick and shovel platforms out there.

Streamflow | Token Distribution Platform

Streamflow is the leading multichain asset distribution protocol specialising in token vesting, streaming payments and token locking.

streamflow.finance

Wow... so these contracts are irreversible!!! I guess that can be good and bad. Well hope it works out for everyone. Clearly not for me.

BTW... how can one be certain that there is a smart contract connected to the meme coin? Can someone say that there is a smart contract for the meme coin, but not actually have anything in place?

 

[Rutgers Chris]

Wow... so these contracts are irreversible!!! I guess that can be good and bad. Well hope it works out for everyone. Clearly not for me.

BTW... how can one be certain that there is a smart contract connected to the meme coin? Can someone say that there is a smart contract for the meme coin, but not actually have anything in place?

They can say it, but if it’s not published on chain it will quickly come out. Once published, the entire structure of the launch/coin is there for review by analysts

 

[RUAldo]

Wow... so these contracts are irreversible!!! I guess that can be good and bad. Well hope it works out for everyone. Clearly not for me.

BTW... how can one be certain that there is a smart contract connected to the meme coin? Can someone say that there is a smart contract for the meme coin, but not actually have anything in place?

If by chance folks are thinking there are readable terms in a smart contract guess again - there is no legal language or actual agreement. It’s just a bunch of code that executes upon certain conditions. In some cases I think the smart contracts can be terminated or modified. Regardless, good luck to anyone that wants to understand the $TRUMP smart contract (or any others for that matter).

 

[T2Kplus20]

Wow... so these contracts are irreversible!!! I guess that can be good and bad. Well hope it works out for everyone. Clearly not for me.

BTW... how can one be certain that there is a smart contract connected to the meme coin? Can someone say that there is a smart contract for the meme coin, but not actually have anything in place?

Everything on the blockchain is public (for memes that would likely be SOL or ETH), including white papers and movement of coins.

 

[Rutgers Chris]

If by chance folks are thinking there are readable terms in a smart contract guess again - there is no legal language or actual agreement. It’s just a bunch of code that executes upon certain conditions. In some cases I think the smart contracts can be terminated or modified. Regardless, good luck to anyone that wants to understand the $TRUMP smart contract (or any others for that matter).

I can’t read it, you can’t read it, but it’s readable.

Good summary

 

[rurahrah000]

If by chance folks are thinking there are readable terms in a smart contract guess again - there is no legal language or actual agreement. It’s just a bunch of code that executes upon certain conditions. In some cases I think the smart contracts can be terminated or modified. Regardless, good luck to anyone that wants to understand the $TRUMP smart contract (or any others for that matter).

Sounds like someone is going to end up losing a lot of money and left holding the bag.

 

[RUAldo]

I can’t read it, you can’t read it, but it’s readable.

Good summary

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Just keep in mind that as far as I can tell Glint Analytics is a company based in Dubai with one employee.

 

[Rutgers Chris]

Just keep in mind that as far as I can tell Glint Analytics is a company based in Dubai with one employee.

Very likely all it takes to analyze a smart contract

 

[RUAldo]

Very likely all it takes to analyze a smart contract

Perhaps… but my point with a lot of this stuff is how can you rely on anything posted on social media? Glint has 84 connections on LinkedIn. It could post just about anything and who is fact checking or validating accuracy?

 

[Rutgers Chris]

Perhaps… but my point with a lot of this stuff is how can you rely on anything posted on social media? Glint has 84 connections on LinkedIn. It could post just about anything and who is fact checking or validating accuracy?

I don’t follow them, it was the first one I found that a good summary as an example. There’s a dozen of places that have posted about their smart contract, I didn’t need to verify it myself to buy it. No time for all of that in the memecoin world. Not for everyone’s risk tolerance, I know

 

[rurahrah000]

Very likely all it takes to analyze a smart contract

So it’s like trading Pokémon cards with the understanding that the person who made the cards won’t destroy the scarcity value by flooding the market and pulling the rug. The “understanding” is based on some code which not many people understand and can’t verify, but it exists because we trust the blockchain network. Of course there is no regulations with these tokens, so no legal recourse if things go wrong. Sorry, but someone who is a general skeptic of things, this is too much of a leap of faith. I am sure I am wrong, but maybe in time I will become a fan.

 

[RUAldo]

So it’s like trading Pokémon cards with the understanding that the person who made the cards won’t destroy the scarcity value by flooding the market and pulling the rug. The “understanding” is based on some code which not many people understand and can’t verify, but it exists because we trust the blockchain network. Of course there is no regulations with these tokens, so no legal recourse if things go wrong. Sorry, but someone who is a general skeptic of things, this is too much of a leap of faith. I am sure I am wrong, but maybe in time I will become a fan.

For the most part, you hit the nail on the head. I know folks on this thread don’t believe in meme coins and it’s just largely entertainment with a potential money making twist. But there is a serious problem with our country and society when the POTUS is scheduling a meme coin launch two days before his inauguration followed by the First Lady’s coin, both of which were valued in the billions. For every Portnoy story where he made $1M-$200K=$800K there are people (morons) that lost their life savings. Just doesn’t feel right to me. I love making money and my investments have treated me well, but this sh!t is crazy.

 

[Rutgers Chris]

So it’s like trading Pokémon cards with the understanding that the person who made the cards won’t destroy the scarcity value by flooding the market and pulling the rug. The “understanding” is based on some code which not many people understand and can’t verify, but it exists because we trust the blockchain network. Of course there is no regulations with these tokens, so no legal recourse if things go wrong. Sorry, but someone who is a general skeptic of things, this is too much of a leap of faith. I am sure I am wrong, but maybe in time I will become a fan.

I don’t think you’re wrong at all, pretty fair assessment for the most part

 

[rurahrah000]

For the most part, you hit the nail on the head. I know folks on this thread don’t believe in meme coins and it’s just largely entertainment with a potential money making twist. But there is a serious problem with our country and society when the POTUS is scheduling a meme coin launch two days before his inauguration followed by the First Lady’s coin, both of which were valued in the billions. For every Portnoy story where he made $1M-$200K=$800K there are people (morons) that lost their life savings. Just doesn’t feel right to me. I love making money and my investments have treated me well, but this sh!t is crazy.

We are already talking about this on day 1 of 1461… can’t wait for what the future holds. I am buying DJT hands over fist… at least there is some transparency and regulations.

 

[Rutgers Chris]

We are already talking about this on day 1 of 1461… can’t wait for what the future holds. I am buying DJT hands over fist… at least there is some transparency and regulations.

 

[rurahrah000]

View embedded media

Baron Trump looks like he is somewhat autistic... Do you think he really came up with the ideas that he is credited for?

 

[Rutgers Chris]

Baron Trump looks like he is somewhat autistic... Do you think he really came up with the ideas that he is credited for?

Seems like he definitely advised/connected on what podcasts Trump went on. Not sure what else beyond that. The crypto related memes have been entertaining though

 

[Rutgers Chris]

Moon-boy crypto pumpers are back on tv spouting their nonsense