Break-Even, Listnerds, Stablecoins, TERRA & 30mins of SOL -> 202nd Curation Post

almost 2 years ago

@HODLCommunity presents to you the 202nd LeoFinance Curation Post

We feel very excited as we think we will address one of the most important issues on the leofinance.io platform: Curation.

We truly hope, big stakeholders will support this initiative in order to spread rewards to some amazing writers.

Our goal is to support content creators and generate qualitative interactions between LeoFinance users.

We will set a 5% beneficiary for every author selected in this curation report.

So Lions 🐯, let's roll !

Don't try to "break even" your losses in the stock market by @renatahelena

One crazy thing that leads to huge losses are attempts to break even or recover losses. It leads to phrases like: “I only get out of this business after I recover my loss!”. Why does the damage have to be recovered there? If it's a bad business, why stay in it for money that doesn't even exist anymore? Or even, who guarantees that it will recover?

Don't be influenced by what you already had, what you should have or what you think you will have in the future. None of this is under your control. What you control are your decisions and your attitudes. You can save every month, invest and progressively increase your capital. You can invest in your training and development, you can be more efficient and develop as a person. All this is what you can.

It is one of the reasons why I lost my capital in my trades... Break-Even is a point that you aim to reach while going down. However, it is not a target that you are trying to reach, in realilty, it is your enemy that puts you under pressure and inevitable depression as you lose your money.

I learned to accept losing money on my trades. Since then, I'm losing less and seeking opportunities to compensate them. Yet, I do not try to do it the moment I lost my money. Rather, I settle down and open a new page ✌🏼

A Walkthrough of my listnerds journey so far by @b0s

I registered with the intention of registering for enterprise but I accidentally missed the one time offer of $67 dollars for enterprise, so I decided to go for business since the liquid amount I had wasn't enough for enterprise anymore.

Sharing my posts on listnerds has given me a new audience. I often get comments and upvotes from people I have never seen before prior to joining listnerds. I feel I've been received quite well. My posts often get the 20 votes required to be verified. There's been a few downvotes here and there, but in general it's been very positive.

Listnerds is a pretty good investment if you have some cash in hand that you're not willing to use for a while. If all goes well you can make your investment the next day (depending on your subscription). Bear in mind that It takes 10 weeks to unstake your listnerds.

I also believe that Listnerds is a profitable investment if you aim to increase your social power and Listnerds & CTP tokens by using it. So far I've used the free version of it due to the time limitations that I have in my life. However, I still think that I'm missing out many opportunities in the platform.

After reading this post, sending some mails will be the first thing that I'm going to do. I realized that many people created a niche community through engagement. Listnerds is a great project on Hive blockhain. ✅

Stablecoins: what are they, how they work, and their purposes and uses. Part #3 by @mikezillo

The way it works is simple: in exchange for LUNA tokens, UST tokens can be minted (for example, they could be EUTs).
Conversely, LUNA tokens can be minted in proportion to the UST token burn.
The stablecoin peg is maintained through the arbitrage principle.
When the peg to the UST dollar falls below $1, holders of UST tokens can burn them in exchange for LUNA tokens at the market price, creating a profit.

As a matter of fact, algorithmic stablecoins are to be treated with kid gloves as the protocols, no matter how well taken care of and as secure as possible, still cannot counter human cunning and intelligence.
Therefore, it is preferable to rely on stablecoins with underlying: token issuance is contingent on supply in fiat; in this way depeg is almost impossible.

I'm a stablecoin lover who deals with inflation in his hometown. Throughout my crypto journey, I have witnessed the fall of several stablecoins and Terra UST was the most devastating one.

In my stablecoin porfolio, I'm holding UST, USDC, BUSD and HBD to make gains via staking or interest payments. IMHO, overcollateralized stablecoins are one of the safest versions of stablecoins while algorithmic and backed ones are the ones that are most vulnerable to attack. It is safer to know the working mechanism behind them before investing 🤓

Terra's New Blockchain Is Now Live. And What Are The Latest Developments? by @rtonline

The purpose of launching the new chain is to revive the Terra ecosystem after the UST algorithmic stablecoin crashed about 3 weeks ago. The UST algorithmic stablecoin began to collapse on May 9 and was never recovered. Now, it is aimed to revive the Terra ecosystem with the new blockchain. Prior to launch, it positioned the newly launched Terra 2.0 as the mainnet, and the original network was renamed "Terra Classic".

We'll have to wait and see if the Terra revive plan will work. Everyone is aware of how important the community is. Now the community and investors will decide Terra's future. It's perfectly normal to have selling pressure at first because some will want to sell and leave. Also, this causes excessive fluctuation. However, due to the small amount of LUNA to be distributed at first, the selling pressure may ease in the coming days.

Terra LUNA case is unforgettably sad. Thousands of people lost their money within 3 days due to an attack that the team could not manage to control. Due to the vulnerability of the UST, the whole ecosystem collapsed in 5 days.

The new blockchain, actually the fork, is another hope for many people. To be honest, I only want LUNA not to drain the liquidity in the market while recovering slowly but firmly. The side affects of the LUNA case has reached its maximum level. Though I have no hope for the project, wishing the best for thousands of people that lost their money 🤙🏼

Solana's Proof of History is Running 30 Minutes Behind by @l337m45732

imagine5

Anyway - one its core features "decentralized time" has gotten out of sync by 30 minutes. I called it decentralized time because to me it just sounds funny and I like to have a laugh. Take a gander at the article I linked above from November of last year where they outline Solana's superior time tracking.

They claim that there's an issue with times being recorded on blockchains like Ethereum due to relying on a centralized source for said time data. With blockchains like Ethereum, transactions don't necessarily happen in chronological order and don't necessarily happen by a specific time. Solana uses its own technology "Proof of History" to determine the time on chain through a verifiable delay function.

This "works" because validators have to use this function to produce blocks to assigned time slots on chain. This gives you the ability to "infer when an event happened when you examine it".

IF you have no idea about the 30 mins case in Solana blockchain, l337m45732 explains it quite clearly. The block time of Solana is behind the reality. Even though the devs claim that it would not bring any problem, in reality, it may bring several problems. Initially, the problem that killed LUNA, FUD!

For blockchain enthusiasts, trusting the trustless nature of distributed ledgers is priceless. If somebody comes up with such irrationale claims, they only lose credits in the eyes of people. Though I was looking for strong support levels to pile up AVAX and SOl, I may not go for SOL until this craze ends up.

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This post is created by @idiosyncratic1 to curate quality content on LeoFinance.

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