Squid game disaster, MEME coins, Bitcoin Mining, Mars24 - 75th 🐯 curation digest

over 2 years ago

@HODLCommunity presents to you the 75th 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 !

Mars4 Metaverse - Trading Journal 11/1/2021 by @dmilliz

I have been eying Mars4 for quite some time, even before the Metaverse hype started by the FB name change. If you want to learn more about the project, check here.
Trading while on the go
While at work I glimpsed my phone and saw Mars4 looking a bit pumpy, huge spike up ( not seen in any of the pics). Usually that is a sign of things to come I have learnt, also the volume was looking right and also the sentiment around Metaverse tokens were still in the crypto-verse.

Just like every other buzz word in crypto, the word Metaverse is at it again, the interesting thing is that it takes one to make just one good choice which will be of immense benefit down the line. I checked out the site, it looks fancy, hopefully, it turns out even better than it already is.

Stupid MEME Coins or A REVOLUTION? by @automaton

What we are witnessing right now in the MEME coin market is beyond belief. MEME coins or what I like to call inflationary coins and tokens are on an absolute tear. Some are rising thousands of percent and causing major FOMO amongst people around the world. Many are based on hype or tweets by our fellow shib @TESLA. Either way some heavy action has been ongoing and this momentum is showing no signs of slowing. In fact I’ve been actively messing around on binance lately. I’ve found a few of these coins that are dirt cheap.
We are talking about buying millions of these tokens for practically nothing. So basically it doesn’t take much capital to get started. Frankly, I believe this is one of the reasons that the hype will soon turn to FOMO. I mean everyone has $10 or $20 bucks available.

Interesting post, I feel every frustration in it lol, but as has been written, and everything has a purpose, as people around me will say, every dog has its day, typical crypto story.
Meme tokens are literally what they are, distractions, yes they make money but they are still distractions, also I’m of the opinion that we aren’t even done laughing. Them meme tokens are just about to get really funny.

I Guess The Squid Left The Game In This Squid Game Token Rug Pull. by @readthisplease

Yeah, you saw the right thing, a squid game token. I know right? It sounded so ridiculous that a group of people felt it was a wise idea to invest in some sort of token whose name is sprung out from a tv show that aired few weeks ago on NETFLIX.
Have you watched the series Squid Game? Well if you haven’t I will have to give you a few details about it so you can understand the supposed Squid Game Token use case.

The fact that Coinmarketcap mentioned it as such risky investment is all that every sane person needs to stay away from it. But sadly a lot of people are insane and they have plenty money to waste. But in other thoughts, what if the game could have been a real legit game implementing those tokenomics, it might have stood a chance if there was no rugpull plans. But people are peoples biggest problems.

Bitcoin Mining Is Rapidly Heating Up by @bitcoinflood

The battle is on what was once country vs country is now business vs business and it's heating up quickly! There are a number of negative side effects of this and while yes some will argue about it to me it's clear that Bitcoin itself PoW algo obsolete and is being more and more centralized by wealthy few which is pulling us right back to the current issue we have with governments and a wealthy few having all the power.
There was once a time that mining bitcoin with your personal computer was fair game. However that quickly changed with Asic miners came online and from that continued to centralize more and more to companies that are able to afford and lock up thousands of these Asic miners before they even hit the open market.

Technically Bitcoin is only but perfect for now. Given the access to the extent of data and knowledge we currently have at our dispersal, combine that with the open source ness and the templates we already have, there is almost no limit to what our minds would be able to create In 10years. So you’re quite right on Bitcoin not being the biggest in 10 years, so much can change.

Bitcoin Mining Difficulty Rises 8th Time in a Row by @xabi

With Bitcoin achieving a new all time high recently, its seems network's mining operations are on the way to full recovery after a short term disruption due to Chinese mining ban earlier this year. Bitcoin mining difficulty a parameter used to determine how difficult it is to mine Bitcoin, yesterday rose by as much as 7.85% since the last adjustment.
This is the eight positive difficulty adjustment in a row since last July, with network difficulty reaching 21.66 trillion. Back in mid May this year before China's crypto mining ban, network difficulty was all time high at 25.046 trillion. Apparently the network is back on the path of steady recovery.

Bitcoin has come back strong from everything thrown at it since May, including mining operations, for example, mining with greener energy, mining centralization is more dispersed, and now mining difficulty is all the way up, I’ll say it’s good to see...it is right?

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

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