Fees.wtf, Bittrex & Hive, Tether, Consumerism, Crypto Tips -> 122nd 🐯 curation
@HODLCommunity presents to you the 122nd 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 !
Watch Out for This Major Airdrop Scam! by @l337m45732
Good day frens, I hope you're doing well. More and more every day we see these free airdrops on Ethereum coming out of the wood works. Some good, some bad, but mostly just scams in my opinion. I'm no expert nor am I a financial advisor so take this for whatever it may be worth. I'm just a dude that likes to look at the blockchain.
fees.wtf is a crypto project that initially would take your Ethereum address and calculate how much ETH you've spent on gas fees. That's all fine and dandy if you want to cry and hate yourself for a few minutes. Or if you're just genuinely curious how much money you've burned on gas fees to mint those worthless shitty NFTs.
Okay, here we go... Another scam project that is genuinely designed to take your money smoothly. The De-Fi ecosystem brings both financial freedom and new types of scams with its growth. For those who hunt airdrops, these things may look juicy but, believe in me, no one would give you thousands of dollars if they are not UNI, AMPL etc.
Be careful while signing transactions on-chain, they may take your whole balance with a single approval.
Waiting for Bittrex? Try these two other exchanges for Hive deposits and withdraws by @solominer
For the last few weeks, maybe even over a month now Bittrex has had Hive in an "account maintenance" mode. Normally this only lasts a couple days, but for some reason its going on much longer than normal. This is unfortunate as Bittrex has always been my goto exchange for Hive deposits and withdraws. I have used it since the first days of Hive, buying tens of thousands of dollars in Hive for the last 2 years.
The two exchanges I will be talking about today have considerable volume, being in the top 10 exchanges for Hive. One of my choices for using them is this, so there is not a lot of slippage if I have to cash out large amounts of Hive.
Before focusing on the other exchanges that we can use for Hive trades, I want to inquiry the reason why Bittrex has been under maintenance for Hive transactions. I see the case a bit sceptical since everything has been operating with no single problem within the ecosystem. I hope Bittrex ends this thing up ASAP. For the other exchanges, I'm using Binance as I want to minimise my use of CEXs to 1 or 2 for further security. DEXs are more than enough for me ^^
Tether movements again reveal a great need in the crypto market. by @fabian98
Tether, the controversial stablecoin that on many occasions has given much to talk about due to the great centralization it has and the arbitrary power to block different addresses at will, this reflects the enormous danger that the fact that it is the most stablecoin can represent largest in the market, since it does not at all guarantee that the more than $76 billion are really safe. And it is that lately the issue of regulations for stablecoins has been widely discussed by many countries.
The tether company in the past has blocked different addresses implemented the encryption of smart contracts with which it can have the ability to freeze, destroy or issue tokens at will, as well as blacklist addresses arguing that it was due to certain illegal irregularities and this has put to tether on the ropes about his big problem with centralization.
Centralization and the monopoly of the crypto market is a big treat for the future of the ecosystem. Tether has been working like a fraud machine that may explode any moment 😅 Seeing the rise of other stablecoins, including HBD, the domination of Tether will be deliberately decreased by the exchanges. For the side of regulation, Tether may not be the best company to represent the stablecoins. The less active Tether in crypto, the better for all of us IMHO 🐱👤
Are you desperate to Spend? by @codingdefined
If it's absolutely necessary then only I invest and thus try to save it as much as possible. The urge to save is higher in me and that is cultivated from childhood and thus I am trying to build the same thing for my daughter too. Because if we do not understand the importance of saving money from childhood, it will be a big task to learn when you get older.
Now there are a lot of people who are actually quite opposite to the above personality where they are desperate to spend and live paycheck to paycheck or even spend more than they earn by using loans or credit cards. This is because they are desperate to spend and thus it became a habit of many and and its not easy to come out of this quite easily.
I'm afraid of turning into somebody who is addicted to spending money for luxury or the things that I do not really need to own. The consumerism is too strong and attractive for common people to go against. For crypto people, we are aware of the requirement of investment in real world and crypto world but many of 9-5 workers only live for the day that worked; no future plans, no savings, no investments... We really need to adjust our expenditures by being more awake about the monster of consumerism 🤏
Six Commandments For The Crypto Space by @ga38jem
While I am certain that my learning days I long not over I hope that the experience I got so far can help new people starting out in this space or maybe even show experienced people a new thing that they might not have known. With that being said, I would be more than happy if you guys have any advice that I might have missed so let me know in the comments!
- Not Invest More Than You Have
- Diversification Is Key
- Scams Are Everywhere ...
The author shares 6 crucial points that everyone should consider while making financial decisions for their future life. In crypto ecosystem, you always find good opportunities to make gains that you cannot do in real world. However, the Risk/Reward is so important to be considered. If there are good opportunities for everyone, then there are also risks that may not be taken by real investors. Crypto may turn people into gamblers as I always mention. Better to be on the safe side ^^
This post is created by @idiosyncratic1 to curate quality content on LeoFinance.
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