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				<title>Communities
Could HBD become a stable privacy coin?
74

Dane
@forexbrokr
•
3 days ago
LeoFinance Badge
5 min read

Image from thread

Direct from the desk of Dane Williams.

Cruising through leofinance.io today and I came across this 3 month old beauty from our friend atma.love, talking about the possibility of using Zano to create a derivative of HBD with a privacy option.

We have a Wrapped HBD on the entirely centralised BSC, so other than spreading our already thin liquidity (which quite frankly is a whole other problem), what do we really have to lose?

Let’s dig a little deeper into the Zano proposition and explore the concept of HBD becoming a stable privacy coin.

The need for privacy in stablecoins
Privacy has emerged as a fundamental concern within the cryptocurrency space, reflecting the growing need for secure and confidential financial transactions.

While blockchain technology offers transparency and immutability, it also exposes transactional details and addresses to the public.

In some cases, users may desire more anonymity to protect their financial privacy and personal information.

This is particularly crucial in a world where data breaches, identity theft and surveillance are increasingly prevalent.

Privacy-focused cryptocurrencies and technologies address these concerns by providing users with enhanced confidentiality while still leveraging the benefits of blockchain technology like decentralisation at the base layer.

The real problem faced by stablecoins operating on transparent blockchain networks is this.

When stablecoin transactions are openly visible on the blockchain, users&#039; financial activities can be traced, potentially compromising their anonymity.

This transparency can be problematic for businesses, individuals or entities that require discretion for legitimate reasons, such as protecting their commercial strategies or financial assets.

Additionally, malicious actors can analyse public transactional data to track funds, leading to potential security vulnerabilities and increased risk of theft or fraud.

Moreover, public visibility of transactions on transparent blockchains can expose user balances and financial activities to competitors, regulators and other third parties.

For businesses and individuals seeking financial privacy, this transparency can be a deterrent, making it essential to explore privacy-enhancing solutions for stablecoins.

To address the privacy concerns associated with stablecoins, incorporating privacy-focused technologies becomes a valuable proposition.

Zano, a privacy coin and blockchain platform itself, presents itself as one such solution that could enhance privacy for stablecoins like HBD.

By integrating privacy features from a platform like Zano, stablecoins can offer users the option to conduct confidential transactions while preserving the stability and utility they provide.

Zano employs cryptographic techniques, such as zero-knowledge proofs and ring signatures, to obfuscate transactional details, sender/receiver information.

This way, the identity of the transacting parties and the amount involved remain confidential, granting users a higher level of financial privacy.

By adopting such technologies, stablecoins can cater to users who value privacy while simultaneously maintaining their peg to a stable asset like the US Dollar.

The proposal: A privacy option for HBD using Zano
Atma has introduced a proposal to create a privacy derivative of Hive Backed Dollars (HBD) using Zano technology.

This innovative approach aims to enhance the privacy features of HBD by leveraging Zano&#039;s cutting-edge confidential assets.

By launching a privacy derivative of HBD, users would have the option to transact with enhanced confidentiality, preserving their financial privacy while still benefiting from the stability and utility of the original HBD stablecoin.

The integration of Zano&#039;s privacy features into HBD would involve creating a new privacy-focused variant of the stablecoin, designed to operate as a derivative of the original HBD.

Users could choose to convert their existing HBD holdings into the privacy derivative to access the enhanced privacy features.

When conducting transactions using this privacy derivative, Zano&#039;s confidential assets would ensure that transaction details, sender and receiver information remain obscured, offering a higher degree of anonymity.

The privacy derivative of HBD could bring several benefits to HBD holders and the Hive community:

Enhanced financial confidentiality: Users seeking increased privacy can opt for the privacy derivative, safeguarding their sensitive financial information and transactional details.
Retaining stability: As a derivative of HBD, the privacy-focused variant would maintain the same stability and value pegged to the US Dollar, ensuring a reliable medium of exchange for users.
Versatility and choice: The introduction of a privacy option allows HBD holders to choose between transparent and confidential transactions, catering to varying user preferences and needs.
However, while introducing a privacy derivative of HBD using Zano technology presents these potential benefits, there are also some concerns that warrant consideration:

Regulatory scrutiny: Privacy coins have faced regulatory challenges due to their potential misuse in illicit activities and as such, a privacy derivative of HBD might attract increased regulatory scrutiny.
Usability and adoption: The introduction of privacy features can add complexity to user interfaces, potentially affecting user adoption, but ensuring user-friendly experiences and education about the benefits of privacy could mitigate these challenges.
Impact on transparency: While privacy is essential for certain use cases, maintaining transparency for audit and governance purposes may require finding the right balance between privacy and openness.
Addressing these concerns would require a collaborative effort within the Hive community to navigate potential regulatory hurdles, strike a balance between privacy and transparency and foster widespread understanding and adoption of the privacy derivative.

Implications of spreading HBD liquidity across multiple platforms
It’s no secret that HBD has a liquidity problem in itself.

There just isn’t enough of them floating around for anyone with a significant balance to move in and out without slippage.

LeoFinance introduced the bHBD derivative on BSC to try and contribute to alleviating this problem somewhat, but have certainly faced hurdles related to their wrap and bridge mechanisms.

The introduction of a privacy derivative of HBD would further contribute to the dispersion of liquidity across multiple platforms, namely Hive, BSC and potentially Zano.

The availability of liquidity is vital for the stable functioning of any financial asset, including derivatives.

However, by design mind you, HBD currently does not boast significant liquidity.

Spreading liquidity thinly across various platforms poses challenges to maintaining stable liquidity pools, which, in turn, may impact the stability of the privacy derivative.

As the privacy derivative is intended for transactional spending rather than long-term holding, having sufficient liquidity readily available becomes crucial.

Users need to be able to convert between the privacy derivative and other assets seamlessly and at a stable value, without facing significant price slippage or liquidity constraints.

Where this liquidity would ultimately come from would be up for further debate.

Final thoughts on whether HBD could become a stable privacy coin
HBD, as an algorithmic stablecoin, presents a unique opportunity to offer stability and reliable value pegged to the US Dollar thanks to the decentralised Hive network.

However, in a rapidly evolving digital financial landscape, privacy has become a crucial aspect of cryptocurrencies.

The proposal to introduce a privacy option for HBD using Zano technology could potentially unlock a new level of financial privacy for users while retaining the stability and decentralisation that HBD offers.

By empowering users with the choice between transparent and confidential transactions, HBD could solidify its position as a stable privacy coin, catering to a broader range of users seeking financial anonymity.

The cryptocurrency space is constantly evolving, and privacy has become a critical consideration for users seeking to protect their financial information and transactions.

As the demand for privacy-enhancing solutions rises, it becomes essential for projects like our very own HBD to explore innovative technologies like Zano to adapt and cater to users&#039; evolving needs.

Wrapping up, the potential of HBD as a stable privacy coin is a compelling idea that warrants exploration and discussion.

By leveraging the strengths of the decentralised Hive blockchain and Zano&#039;s privacy technology via a derivative, HBD has the chance to not only maintain its independence, but also become a pioneer in the realm of privacy-focused stablecoins.

This proposal to implement a privacy option for HBD represents an exciting prospect, but it also calls for thorough research, analysis and community engagement.

I would love to hear your thoughts on the potential impact of introducing a privacy feature for HBD in the comments and over on Threads.

Best of probabilities to you.

Posted Using LeoFinance Alpha

12
300
$NaN

73

jfang003
@jfang003
3 days ago

I don&#039;t think it should be that big of an issue so long as the number of HBD being put into that blockchain is equal to the tokens they mint. I don&#039;t like giving up so much control over to a different blockchain as you never know what they might do. I do think it could work out though if there are no issues with that.

0
2
$NaN
74

Dane
@forexbrokr
3 days ago

But it&#039;s only &#039;giving up control&#039; of a derivative.

One with privacy features which we wouldn&#039;t have anyway.

I don&#039;t see that part as a problem at all as long as governance of the base blockchain remains decentralised.

Imo, we should be encouraging external integration!

0
0
$NaN</title>
				<link>https://www.bitcoinmyk.com/activity/p/592/</link>
				<pubDate>Mon, 31 Jul 2023 15:43:07 +0000</pubDate>

									<content:encoded><![CDATA[<div class="activity-inner"><p>Communities<br />
Could HBD become a stable privacy coin?<br />
74</p>
<p>Dane<br />
<a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
•<br />
3 days ago<br />
LeoFinance Badge<br />
5 min read</p>
<p>Image from thread</p>
<p>Direct from the desk of Dane Williams.</p>
<p>Cruising through leofinance.io today and I came across this 3 month old beauty from our friend atma.love, talking about the possibility of using Zano to c&hellip;<span class="activity-read-more" id="activity-read-more-592"><a target="_blank" href="https://www.bitcoinmyk.com/activity/p/592/" rel="nofollow ugc">Read More</a></span></p>
</div>]]></content:encoded>
				
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				<guid isPermaLink="false">80b057e0e1affb72a26a1fb8538c5eeb</guid>
				<title>How can AI help develop medicine and drugs?
avatar of @forexbrokr
74

Dane
@forexbrokr
•
2 days ago
LeoFinance Badge
3 min read

Image from thread

Direct from the desk of Dane Williams.

I was flicking through Threads this morning and came across @trumpman’s post on the first human trial with an AI drug.

Mind blown.

Now I think the wording used there is a little dodgy, making it sound like AI is pulling drug cocktails out of its arse, when really its just being used to run a shitload of simulations to find what is most likely to work.

But when you think about it, this is absolutely mind boggling stuff that has the potential to take humanity to the next level.

Limitless type shit!

With that in mind, let’s take things a little bit further.

So what does an AI generated drug really mean?
An AI-generated drug refers to a medicine that has been discovered or developed with the help of artificial intelligence (AI) technology.

Think about it.

Traditional drug discovery and development processes are time-consuming, costly and require extensive intellectual strenuous human involvement.

But AI can assist scientists in accelerating the process by analysing large amounts of data, running every scenario possible and making predictions from there.

To generate a drug using AI, scientists input vast amounts of information into a computer system.

Information including data about various diseases, the biological targets within the body that can be treated and the chemical compounds that may have therapeutic effects.

Just like using ChatGPT when writing content, you maximise what you get out by feeding it what you want in the first place.

AI then uses algorithms or machine learning techniques to analyse this data and identify potential drug candidates.

Their algorithms can sift through vast chemical libraries, predict how molecules will interact with biological targets and then generate new molecules with desired properties.

Just so cool.

From there, these virtual molecules can be evaluated and prioritised based on factors like their efficacy, safety and feasibility of synthesis.

The most promising candidates can then be selected for further testing in the laboratory and eventually in human clinical trials like we read about in trumpman’s post.

The use of AI in drug discovery has the potential to expedite the identification of new therapeutic options, optimise the design of drug molecules.

Eventually reducing the time and costs associated with traditional drug development processes.

However, it&#039;s important to note that AI-generated drugs still undergo rigorous testing and evaluation in clinical trials to ensure their safety.

You’ve seen the crap that ChatGPT can spit out?

Obviously drugs aren’t something you want to leave to chance.

How would AI go about discovering a new target?
Let&#039;s say there is a complex disease and scientists have been studying it for years without identifying an effective target for treatment (like cancer!).

They have exhausted traditional methods and are struggling to find a breakthrough.

This is where AI comes in.

Scientists would input vast amounts of data into an AI system, including information about the disease, genetic factors, protein interactions and other relevant data points.

The AI system then analyses this data and looks for patterns, correlations and potential relationships at a rate no human can ever expect to operate at.

After analysing the data, the AI system may identify a specific protein or genetic marker that seems to play a crucial role in the disease process!

This protein or marker, known as a target, could be a previously unrecognised aspect of the disease.

It might have unique properties that make it a promising candidate for drug intervention.

From there, scientists can then focus their efforts on developing a drug that specifically interacts with this target, aiming to modulate its activity and potentially alleviate the disease.

Even taking things a step further and fully generating the drug using artificial intelligence.

AI systems can even utilise algorithms and machine learning techniques to analyse data and generate a novel design for that particular drug molecule.

Really the only limit is the data you feed the AI system.

Final thoughts on AI developed medicine and drugs
Summing up, the potential impact of artificial intelligence on medicine and drug development is nothing short of mind-boggling.

The potential it holds for propelling humanity to new heights is truly infinite.

Throughout this blog post, I’ve explored how AI can revolutionise the process of developing medicine and drugs.

Ultimately AI enables scientists to analyse vast amounts of data, identify patterns and make predictions that may have eluded human researchers.

The integration of AI into drug development processes has the potential to expedite the identification of potential candidates, reduce costs, and bring life-saving treatments to patients more swiftly.

It empowers researchers to explore vast chemical libraries, predict molecular interactions and prioritise the most promising candidates for further testing.

How can you not be excited?

Best of probabilities to you.

Posted Using LeoFinance Alpha

9
109
$NaN

avatar of @trumpman
79

trumpman
@trumpman
2 days ago
There are a few more, some in phase 1 too. There was even a new antibiotic discovered, the first after decades, recently. Exciting stuff, at least for the people that understand how pharma works and how time/money/resource consuming it is

1
5
$NaN
avatar of @forexbrokr
74

Dane
@forexbrokr
2 days ago
Your post triggered me so hard.

Sent me down the rabbit hole today and I&#039;ve wasted so much time haha.

Very cool though man, thanks again :)

Posted Using LeoFinance Alpha

0
0
$NaN
avatar of @imno
63

Kris
@imno
2 days ago
There is so much incredible stuff coming at such a fast pace. Anytime I hear anyone talking about the future as if its just going to be the same stuff as now, I&#039;m baffled. I can&#039;t imagine what life will be like by 2033.

Around 2000 I was hoping I&#039;d be alive long enough to see life extension get us to several hundred years old. As I started rounding 40 I began thinking I was dumb to hope for it. Just a few years later I&#039;m thinking I was right to be hopeful back then.

4
4
$NaN
avatar of @forexbrokr
74

Dane
@forexbrokr
2 days ago
Haha I remember in school saying &#039;we&#039;ll be either the last generation to die or the first to live forever&#039;.

...not sure which one I want to be &#x1f602;.

Posted Using LeoFinance Alpha

3
0
$NaN
avatar of @imno
63

Kris
@imno
2 days ago
Me and my wife almost got in an argument about this the other day because I was like &quot;Yay! Let&#039;s live forever!&quot; And she was like, &quot;yeah, that&#039;s all you. I&#039;m out&quot;.

New things to fight about and an eternity to try to win the argument !LOL

2
0
$NaN
avatar of @lolzbot
65

LOLZ Bot
@lolzbot
2 days ago
0
0
$NaN
avatar of @forexbrokr
74

Dane
@forexbrokr
2 days ago
Omg, tell me you&#039;ve seen this:



&quot;I guess I had a different plan for eternity...&quot;

&#x1f602;&#x1f602;.

Posted Using LeoFinance Alpha

0
0
$NaN
avatar of @biyimi
62

Biyimi
@biyimi
2 days ago
So much AI is about to offer to the world that many are not yet aware of

1
4
$NaN
avatar of @forexbrokr
74

Dane
@forexbrokr
2 days ago
What&#039;s something else that excites you?

Posted Using LeoFinance Alpha

0
0
$NaN</title>
				<link>https://www.bitcoinmyk.com/activity/p/573/</link>
				<pubDate>Mon, 10 Jul 2023 04:32:32 +0000</pubDate>

									<content:encoded><![CDATA[<div class="activity-inner"><p>How can AI help develop medicine and drugs?<br />
avatar of <a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
74</p>
<p>Dane<br />
<a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
•<br />
2 days ago<br />
LeoFinance Badge<br />
3 min read</p>
<p>Image from thread</p>
<p>Direct from the desk of Dane Williams.</p>
<p>I was flicking through Threads this morning and came across @trumpman’s post on the first human trial with an AI drug.</p>
<p>Mind blown.</p>
<p>Now I t&hellip;<span class="activity-read-more" id="activity-read-more-573"><a target="_blank" href="https://www.bitcoinmyk.com/activity/p/573/" rel="nofollow ugc">Read More</a></span></p>
</div>]]></content:encoded>
				
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				<guid isPermaLink="false">27c021b032f23454c1ced7c5fbf6fce2</guid>
				<title>Best low supply cryptocurrencies in 2023
avatar of @forexbrokr
74

Dane

@forexbrokr
•
2 months ago
LeoFinance Badge
4 min read
Direct from the desk of Dane Williams.

My list of popular limited supply cryptocurrencies that you could buy in 2023.
It’s something we see here on LeoFinance every day.

Everyone seemingly has developed a fixation on low supply cryptocurrencies.

The idea behind this is that a limited supply of tokens can increase the scarcity of the asset, which may lead to price appreciation.

We all get that side of it.

But while this can be an advantage, it&#039;s important to note that a cryptocurrency&#039;s success is not solely dependent on its low supply.

Other factors, such as the technology behind the cryptocurrency and its adoption rate, also play a crucial role in making price increase.

In this blog post, I’m going to explore some of the best low supply cryptocurrencies to buy in 2023, before discussing why buying cryptocurrencies with limited supply can be a good investment strategy.

But not the only factor to consider!

5 low supply cryptocurrencies to buy
In this section, I’ll discuss five low supply cryptocurrencies that investors could consider buying in 2023.

Yep, these are the top cryptocurrencies with a limited supply, making them potentially scarce assets that could increase in value over time.

1. Quant (QNT)
Quant (QNT) is a blockchain-based cryptocurrency that aims to connect different networks, making it easier to transfer data and value between them.

Its maximum supply is capped at 14.6 million tokens, which gives it a nice level of scarcity compared to most other coins in the top 200.

The market cap of QNT is around $1.5 billion, indicating investor interest in its potential to bridge different blockchain networks and facilitate interoperability.

My clear choice at number 1.

2. Aave (AAVE)
Aave (AAVE) is a decentralised finance (DeFi) protocol that enables users to lend, borrow and earn interest on cryptocurrencies without intermediaries.

With a limited maximum supply of 16 million tokens, AAVE&#039;s scarcity could make it an attractive investment opportunity.

As of recently, the market cap of AAVE is approximately $1 billion, indicating its popularity among investors.

I love AAVE’s low supply, but also the fact it has genuine utility meaning you get the best of both worlds.

3. Monero (XMR)
Monero (XMR) is my favourite privacy-focused cryptocurrency that enables anonymous transactions.

Its maximum supply is capped at 18.4 million tokens, which gives it a level of scarcity unseen in other major coins.

Monero has a market cap of around $2.8 billion which says to me that privacy coins have a real future, no matter what regulators say.

4. Bitcoin (BTC)
Bitcoin (BTC) is the world&#039;s first cryptocurrency, with a maximum supply of 21 million tokens.

While it is not technically a low supply cryptocurrency, the limited supply and high demand have contributed to its value growth over the years so I couldn’t leave it off my list.

Bitcoin&#039;s market cap is approximately $500 billion, reflecting its position as the most valuable and widely adopted cryptocurrency in the market.

Bitcoin is Bitcoin.

Enough said.

5. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a fork of the original Bitcoin blockchain that aims to improve transaction speed and lower transaction fees.

Its maximum supply is capped at 21 million tokens, similar to Bitcoin.

At the moment, Bitcoin Cash has a market cap of around $2.3 billion, indicating that the much maligned fork of the original, really isn’t going anywhere.

If Bitcoin made my list, then Bitcoin Cash has a large enough market cap to ensure it makes the list too.

Is it better to buy crypto with limited supply?
As I mentioned above, we know investors have a weird fixation on cryptocurrencies with a limited supply, as they believe that scarcity can drive up the asset&#039;s value.

The idea behind this is that a limited supply can create a sense of rarity, increasing demand and ultimately leading to price appreciation.

However, it&#039;s important to keep in mind that a cryptocurrency&#039;s success is not solely dependent on its supply.

Low or high supply, it&#039;s the technology behind a cryptocurrency that’s the real factor behind driving value.

A cryptocurrency with innovative features, such as faster transaction speeds, enhanced security or increased scalability will always have a greater chance of success.

Additionally, a cryptocurrency&#039;s adoption rate is also critical.

The more people and businesses that use a cryptocurrency, the more valuable it becomes.

While a limited supply can create a sense of scarcity, there are also some downsides to investing in low supply cryptocurrencies.

One potential issue is that a low supply can make the asset vulnerable to market manipulation.

It&#039;s also important to consider the distribution of the tokens.

If a large percentage of the tokens are held by a small group of investors, they may have the power to influence the price of the asset.

Centralisation is always a risk.

Final thoughts on low supply cryptocurrencies
As you can see, whether it&#039;s better to buy a cryptocurrency with a limited supply depends on a variety of factors.

If you’re going to buy a low supply cryptocurrency in 2023, make sure you still do thorough research on the technology, adoption rate and distribution of tokens before blindly buying on max supply alone.

By considering these factors, you can at least make an informed decision before you lose your money.

Best of probabilities to you.

Posted Using LeoFinance Beta

10
144
$2.90
avatar of @poshtoken
82

POSH Token

@poshtoken
2 months ago
https://twitter.com/1413161729106776065/status/1651134681025265665 The rewards earned on this comment will go directly to the people( @no-advice ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

0
2
$0.00
avatar of @jfang003
73

jfang003

@jfang003
2 months ago
Does AAVE have any type of utility? I know it&#039;s a defi platform but is there any benefits to having AAVE?

Posted Using LeoFinance Beta

1
1
$0.06
avatar of @forexbrokr
74

Dane

@forexbrokr
2 months ago
The AAVE token is used for governance of their platform, as well as collateral for loans (if you choose).

It&#039;s definitely one of the tokens with actual utility in the top 50.

Posted Using LeoFinance Beta

0
0
$0.00
avatar of @takhar
61

Takhar

@takhar
2 months ago
Max supply is a good metric that investors look into before investing in a cryptocurrency. I feel small or mid max supply in some way limits the utility of a cryptocurrency. However, having a cryptocurrency that&#039;s good at only one or two things can be an edge. Montero is also my favourite privacy coin.

2
1
$0.06
avatar of @forexbrokr
74

Dane

@forexbrokr
2 months ago
Low supply is a metric that many people look at.

But hopefully the takeaway from this post is that it shouldn&#039;t be the only thing you take into consideration before buying.

Posted Using LeoFinance Beta

1
0
$0.00
avatar of @takhar
61

Takhar

@takhar
2 months ago
Right. There&#039;s more to investing than meets the eye. For me, I mostly focus on the utility of a token and its market advantage.

0
0
$0.00
avatar of @brando28
67
brando28
@brando28
2 months ago
Good list and good points. I&#039;m not familiar with Quant but the rest of those have been around for quite a time now. Good sign for me.

1
1
$0.06
avatar of @forexbrokr
74

Dane

@forexbrokr
2 months ago
Quant is definitely worth a look.

Well in the top 50 coins by market cap too.

Posted Using LeoFinance Beta

0
1
$0.00
avatar of @zekepickleman
75

Zeke Pickleman

@zekepickleman
2 months ago
Hey great advice and insight!

The first 2 will be added in earnest to my portfolio like a couple lottery tickets;).

I forget about Monroe as a limited supply coin. I stack little bits of that on exchanges when it dips and should be adding it to my ledger now that you remind me.

Thanks for sharing your Intel yet again!

1
2
$0.06
avatar of @forexbrokr
74

Dane

@forexbrokr
2 months ago
Monero is the great sleeping giant of the crypto world.

Still waiting for that proper DEX listing!

Posted Using LeoFinance Beta

0
0
$0.00</title>
				<link>https://www.bitcoinmyk.com/activity/p/536/</link>
				<pubDate>Tue, 20 Jun 2023 23:10:02 +0000</pubDate>

									<content:encoded><![CDATA[<div class="activity-inner"><p>Best low supply cryptocurrencies in 2023<br />
avatar of <a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
74</p>
<p>Dane</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
•<br />
2 months ago<br />
LeoFinance Badge<br />
4 min read<br />
Direct from the desk of Dane Williams.</p>
<p>My list of popular limited supply cryptocurrencies that you could buy in 2023.<br />
It’s something we see here on LeoFinance every day.</p>
<p>Everyone seemingly has dev&hellip;<span class="activity-read-more" id="activity-read-more-536"><a target="_blank" href="https://www.bitcoinmyk.com/activity/p/536/" rel="nofollow ugc">Read More</a></span></p>
</div>]]></content:encoded>
				
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				<title>LeoFinance


100%
@l337m45732
0xNifty.nft
73
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GM:FRENS Overlord &#124; Cryptocurrency enthusiast. Nerd. NFT collector &#038; creator.
 
@l337m45732/how-to-convert-hive-to-usd-without-kyc-in-the-us-hive-to-usd-btc-cash-back

@l337m45732
22h
73
LEOFINANCE
How to convert HIVE to USD without KYC in the US &#124; HIVE to USD + BTC Cash Back
But I thought this was about HIVE? Don&#039;t worry frens. It is. A few months ago, I wrote an article showing people how to purchase…
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How to convert HIVE to USD without KYC in the US &#124; HIVE to USD + BTC Cash Back
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@l337m45732
22h
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image.png

But I thought this was about HIVE?
Don&#039;t worry frens. It is.

A few months ago, I wrote an article showing people how to purchase gift cards with HIVE using @v4vapp and The Bitcoin Company app. I know it sounds crazy and you&#039;re probably wondering what any of this has to do with Bitcoin.

Well, The Bitcoin Company is an app that allows users to purchase gift cards to various different gift cards with Bitcoin via the Lightning Network. Thanks to @brianoflondon&#039;s incredible work on v4vapp, we are able to instantly pay Bitcoin Lightning invoices with HIVE or even HBD.

You might be thinking... Great, gift cards are cool but I want actual dollars to spend. Well, here ya go.

One of the most interesting things I recently noticed was the fact that you could purchase a prepaid VISA card with BTC and earn cash back. This instantly got my interest because I was like... With all the FUD around crypto regulation in the US, this is just another way to use HIVE.

So - in just a few seconds, you can take your HIVE/HBD and convert that into USD on a prepaid VISA card. In essence, this would allow you to spend HIVE/HBD in stores that accept VISA cards, which is most of them.

Ok ser, but how?
Well, I&#039;ll direct you again to the previous article I wrote showing you how to purchase gift cards with HIVE/HBD. The only difference here is that you&#039;ll select VISA (USD) and you&#039;ll earn roughly 0.2% BTC in cash back that can be used on future purchases.

When you purchase the prepaid VISA, you select the amount you want and then it is instantly available on the app. You have the option to get both a virtual and a physical card. I have not purchased the physical version, but I imagine it&#039;s the same as any other prepaid VISA card.

With your shiny new virtual VISA card ready to go, you can add it to your phone&#039;s wallet like Apple Pay or GPay on Android. Again, it functions exactly the same way as any other credit/debit card that you would use to add to your phone&#039;s wallet.

Now all you need to do is find a store that accepts GPay/Apple Pay (most of them) and you can use your phone to pay with the VISA card you bought with HIVE. Boom. You are now able to almost instantly convert HIVE to USD without any form of KYC.

It&#039;s as simple as selecting the VISA option on TBC app, copying the Lightning Invoice number, and pasting it into the v4vapp website. Once you have done that, you can pay with HIVE/HBD via Hive Keychain.

Obviously, this is limited to the transaction limits of v4vapp, so don&#039;t expect to start buying $1000 VISA cards with HIVE through this method. At least for now.

Have a GM

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Are you posting on LeoFinance Threads every day? Check out @gmfrens, the cross-blockchain social NFT project that was born and raised on Threads. You can use the #gmfrens tag and mine 6.9 GM every single day. All you need is a WAX wallet.

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				<pubDate>Fri, 21 Apr 2023 01:31:19 +0000</pubDate>

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Are Ethereum staking pools centralised?
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@forexbrokr
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Are Ethereum staking pools centralised?
Direct from the desk of Dane Williams.





The centralisation risks of Ethereum staking pools are a real concern.
As we know, Ethereum (ETH) has successfully transitioned from the Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS).

This new approach to consensus has brought with it a renewed focus on the potential for transaction censorship in Ethereum due to the centralisation of staking pools.

In case you missed it, Ethereum staking pools are a way for individual investors to participate in staking without having to own and maintain their own node.

But with a concentrated few owning the majority of stake, the reality is that the Ethereum network has been compromised.

In this blog post, I’ll explore the concept of Ethereum staking pools, the importance of decentralisation in the staking process and examine the concerns surrounding potential censorship.

Centralised Ethereum staking pools banner.
What are Ethereum staking pools?
Staking pools are groups of individuals who combine their resources in order to participate in staking on a blockchain network.

In the case of Ethereum, staking pools involve combining the Ethereum holdings of multiple individuals in order to validate transactions and earn rewards.

By pooling their resources, individual investors can participate in staking without having to own and maintain their own node.

There are several benefits to staking in a pool.

For one, staking pools allow for smaller investors to participate in staking and earn rewards that they otherwise wouldn&#039;t be able to on their own.

Additionally, staking pools can help to distribute the risk associated with staking across multiple participants, rather than relying on a single node operator.

While allowing more people to participate sounds decentralised in theory, the reality of the situation is that they’re giving overall control to a select few.

According to Nansen, just 6 pools control over 70% of the ETH that has been staked.

Among these pools, Lido Finance is currently the largest, responsible for staking a whopping 31% of the entire amount of staked ETH.

While Lido provides an easy and convenient way for investors to participate in staking, its large share obviously poses a significant centralisation risk.

To make matters worse, several major exchanges such as Coinbase, Kraken and Binance also offer staking services and control a significant portion of the staked ETH.

If you’re not nervous about this concentration of power, then you probably should be.

Why is the decentralisation of Ethereum staking pools integral?
The decentralisation of Ethereum staking pools is integral for several reasons.

First and foremost, it helps to ensure that the network remains censorship-resistant.

When a small group of entities control a significant portion of the staked ETH, they have the power to censor transactions and even potentially manipulate the network.

For example, imagine a scenario in which a government or other centralised entity pressured a staking pool to censor transactions related to a particular group.

If the pool was controlled by a small number of entities, it could be vulnerable to this type of pressure and could potentially comply with the censorship request.

Would the major exchanges we talked about with a controlling stake of Ethereum comply with such censorship requests?

Of course they would.

However, if the network is more decentralised, with a larger number of staking pools controlling smaller portions of the staked ETH, it becomes much more difficult to censor transactions in this way.

Ethereum has been completely compromised and there’s no going back now.

Is Lido DAO’s size a centralisation risk?
Lido DAO is just as much of a risk as the exchanges when it comes to centralisation in Ethereum staking pools.

While Lido has become one of the most popular staking pools, with a significant portion of the staked ETH, questions have been raised about the risks associated with its size and governance structure.

One concern is the risk associated with the smart contract used by Lido.

As with any smart contract, there is always the potential for bugs or vulnerabilities that could be exploited by bad actors.

If a vulnerability was found in Lido&#039;s smart contract, it could potentially have disastrous consequences for the network.

Another concern is the question of Lido&#039;s own centralised governance structure.

While Lido is technically a DAO, or decentralised autonomous organisation, it is still ultimately controlled by a small group of individuals.

This has led some to question whether Lido can truly be considered decentralised and whether it is susceptible to the same risks as a centralised entity.

It&#039;s worth noting that Lido has taken steps to address some of these concerns, such as regularly auditing their smart contract and increasing transparency around their governance structure.

However, the fact remains that Lido&#039;s size and control over a significant portion of the staked ETH does present a massive external risk to the Ethereum network.

Final thoughts on the centralisation of Ethereum staking pools
The decentralisation of Ethereum staking pools is ultimately crucial for maintaining the integrity and security of the network.

As we&#039;ve seen, centralisation in staking pools can lead to censorship risks and potential vulnerabilities.

While Lido DAO and other major staking pools have been successful in attracting a significant amount of staked ETH, questions remain about their size and governance structure.

While Lido has taken steps to address these concerns, the fact remains that any centralised control over a significant portion of the network poses risks to its decentralisation and security.

Moving forward, it will be important for the Ethereum community to continue exploring ways to mitigate these centralisation risks.

This could include supporting smaller staking pools, promoting transparency and better auditing governance structures.

Ultimately, the success of Ethereum and its transition to proof of stake will depend on the ability of the community to balance the benefits of staking in pools with the need for decentralisation and security.

Can it be done?

Best of probabilities to you.

Posted Using LeoFinance Beta

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Begin editing...

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jfang003
2d
I think it could be done but I just don&#039;t think it&#039;s likely to happen. In a way, I think Vitalik has lost control of ETH it really depends on what these stakeholders decide to do. If they want to try to overtake the system, they could try and the centralization will always pose a risk to the entire blockchain.

Posted Using LeoFinance Beta

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forexbrokr
74
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The issue of control is an interesting one.

Would Vitalik and the Ethereum Foundation fork again if they truly did lose control?

I mean they&#039;ve done it once during the whole Ethereum Classic debacle.

Why wouldn&#039;t they do it again?

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				<pubDate>Sat, 08 Apr 2023 21:30:44 +0000</pubDate>

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@forexbrokr/fungibility-in-crypto-the-missing-piece

@forexbrokr
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Fungibility in crypto: The missing piece
Direct from the desk of Dane Williams. Fungibility is the most critical attribute of cryptocurrency in 2023. I take a look at…
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Fungibility in crypto: The missing piece
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@forexbrokr
2d
74
LeoFinance
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5 MIN READ
927 WORDS
Fungibility in crypto: The missing piece.
Direct from the desk of Dane Williams.





Fungibility is the most critical attribute of cryptocurrency in 2023. I take a look at why privacy coins like Monero (XMR) are the future.
In the world of cryptocurrency, there&#039;s a term that has been gaining more attention recently: fungibility.

Fungibility is a critical attribute for any currency, as it ensures that all units of the currency are equal in value and can be easily exchanged for one another.

However, when it comes to cryptocurrency, not all currencies are created equal in terms of fungibility.

This is particularly true for Bitcoin, which is not truly fungible!

In this post, I’ll take a closer look at fungibility in cryptocurrency and explore why it&#039;s so important.

Let’s dive right in.

A Monero (XMR) logo on a coin, representing fungibility in crypto.
What is fungibility in crypto?
Fungibility refers to the ability of a unit of currency to be interchangeable with another unit of the same currency.

In other words, if you have two units of the same currency, they should be indistinguishable from one another and have the same value.

This is incredibly important for cryptocurrency, as fungibility is a key factor in achieving widespread adoption.

Without fungibility, cryptocurrency risks becoming fragmented and segmented, with certain units of currency being worth more or less than others.

This can create confusion and barriers to entry for new users, ultimately hindering the growth and potential of cryptocurrency.

In my opinion, fungibility is the essential missing piece required to build trust and confidence in the system, as well as ensuring its seamless integration into our current financial landscape.

Bitcoin is NOT really fungible
I know this might be a shock, but no...

Bitcoin (BTC), the most popular cryptocurrency, is not truly fungible.

This is because every Bitcoin transaction is recorded on a public ledger called the blockchain, which means that every coin can be traced back to its origin.

This lack of privacy means that some Bitcoins may be considered &quot;tainted&quot; or associated with criminal or immoral activity, making them less valuable or even unusable.

This is a problem for anyone who wants to use Bitcoin as a legitimate currency.

A scenario highlighting Bitcoin’s lack of fungibility
Let&#039;s say that a conservative business, like a luxury retailer, decides to start accepting Bitcoin as a form of payment.

They promote this to their customers, hoping to attract new buyers who prefer to use cryptocurrency.

However, after a few transactions, the business becomes aware that some of the Bitcoin they have received has been used to purchase unethical goods or services, like drugs or illegal weapons, on the dark web.

This presents a major issue for the business.

They pride themselves on their reputation and ethical standards and the thought of accepting currency that has been linked to criminal activity goes against their values.

They fear that if word gets out, it could damage their brand and turn off customers who don&#039;t want to be associated with a business that accepts &quot;dirty&quot; money.

In this scenario, could you see businesses only accepting certain Bitcoins due to their completely public spending history?

As soon as one Bitcoin becomes less valuable than another for whatever reason, you no longer have fungibility.

Without privacy features integrated into cryptocurrencies, this situation is an inevitability.

Monero (XMR) fixes the crypto fungibility problem
Monero (XMR), on the other hand, is designed to be completely fungible.

Its privacy features ensure that every unit of Monero is indistinguishable from any other, and that it&#039;s impossible to trace the history of any Monero transaction.

This means that Monero is a valuable asset for anyone who wants to use a currency that is private, secure, and fungible.

Can you see that if the luxury brand business in the example above used the more fungible Monero (XMR) for payments, there would be no problem?

Monero fixes this.

Monero&#039;s fungibility sets it apart from other cryptocurrencies and makes it a valuable asset for anyone looking for a truly private and secure currency.

As we move into a more privacy-focused future, Monero&#039;s unique features will likely make it an even more important currency.

The need for fungibility will make privacy coins like Monero (XMR) a staple
The fact of the matter is that fungibility is an essential attribute of any successful currency, including cryptocurrency.

Without fungibility, a currency cannot be truly interchangeable or uniform in value, which can lead to issues with trust and adoption.

Unfortunately, Bitcoin, the most well-known cryptocurrency, is not truly fungible due to its transparent blockchain system.

This lack of fungibility presents a significant problem for businesses and individuals who may be hesitant to accept Bitcoin, as they cannot be sure whether it has been involved in any unethical transactions in the past.

However, the good news is that there are alternative cryptocurrencies like Monero (XMR), which are designed to address the issue of fungibility.

With Monero&#039;s advanced privacy features, each unit of XMR is indistinguishable from another, making it a truly fungible currency.

As more businesses and individuals become aware of the importance of fungibility in cryptocurrency, it&#039;s likely that privacy coins like Monero will play a more significant role in the future of digital currency.

I’m firmly of the opinion that fungibility is the missing piece in cryptocurrency and it&#039;s vital that we pay attention to it if we want to see widespread adoption of digital currency in the future.

Best of probabilities to you.

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poshtoken
2d
https://twitter.com/1413161729106776065/status/1635536314702413824
The rewards earned on this comment will go directly to the people( @no-advice ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

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tengolotodo.leo
2d
It is interesting, but do you think this will make the authorities even more anti crypto if they see it is less possible to trace illegal activities...

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forexbrokr
74
2d
Is our end goal still permissionless money?

Or are we just an extension of the current system that needs to do what &#039;the authorities&#039; (yours, mine or the US?) say? &#x1f609;

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jfang003
2d
I think the focus on dirty money or not is just something that is unavoidable. I do think privacy is going to be needed for some of the stuff. It just makes me wonder if the encryption layer can be cracked over time. People might have to cycle through the various options.

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forexbrokr
74
2d
I&#039;d argue that it is entirely avoidable in crypto, simply by using privacy coins.

Monero (XMR) is so under-utilised and certainly undervalued.

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takhar
2d
Privacy isn&#039;t given much thought in crypto but it is much needed in certain transactions. But do you think that privacy coins may be more susceptible to illegal trade?

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forexbrokr
74
2d
Sure, criminals use privacy coins.

But in my opinion, the legitimate use cases for privacy coins mean the pros far outweigh the cons.

Either way, it doesn&#039;t matter what we think.

Privacy coins exist and at this point they&#039;re unstoppable.

No matter what regulators say, people will continue to use them and as such, will have to embrace them eventually.

It&#039;s inevitable.

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takhar
2d
Yes, that&#039;s a great point. The pros will definitely outweigh the cons so there isn&#039;t much need to magnify the cons out and solely focus on them. I think it&#039;s great that they are unstoppable because majority will be in need of them at some point.

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forexbrokr
74
2d
Yep, I agree.

The old saying &quot;you don&#039;t need something until you do&quot;, rings true here.

Let&#039;s watch how the acceptance of privacy coins by society plays out.

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atma.love
2d (Edited)
i agree, #fungibilitymatters, and #privacymatters. Some privacy coins which i particularly like which and more likely to remain fungible having better tech than Monero, are:
LTHN (Lethean), EPIC, OXEN, ZANO, CCX, (Conceal), HUSH, DERO, XHV (#Haven), GRIN, GHOST, SCRT (Secret), XLA (Scala), PRCY (Privacy Coin), RTM (Raptoreum), AEON and ARW (Arrow), approximately in that order

See this post comparing EPIC &#038; XMR in that respect:
https://blog.cryptostars.is/how-epic-cash-accomplishes-complete-privacy-ccc82fac6242

i have some of all of tje above, including Monero. All my eggs are not in one basket

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forexbrokr
74
2d
Look at that Doc, we finally agree on something! &#x1f609;

Thanks for sharing those other privacy coins, I&#039;m going through and having a look at them all now.

On first glance, EPIC sounds great but it&#039;s so hard to tell which projects are genuinely permissionless and secure...

You ranked LTHN as your most promising XMR competitor.

If you&#039;ve got a sec, do you mind giving me a few points on why it&#039;s permissionless and secure?

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atma.love
1d
Well, i&#039;m not an expert in this area, but i do research quite deeply before buying into projects, and afterwards i don&#039;t always remember much of the detailed technical stuff. i have conversed a few times with @snider, lead dev of Lethean, and shared with him about The Matrix-8 Solution which he quickly understood, deciding it was just what he needed for governance of the Lethean community. This is a work in progress, but with recent announcement of a soon to come chain-swap to a fork of Zano, i think it&#039;s coming to fruition. And i&#039;m aware of sone other innivation coming to Lethean too.

From @darbs, another of the developers:

A summary of how I believe Lethean is perceived as a solution today, what improvements are possible and why it&#039;s alot more than this. https://peakd.com/vpn/@darbs/a-different-view-of-lethean-and-why-it-s-more-than-what-you-think

So, there&#039;s several factors including gut feeling that put #Lethean $LTHN high on my list.

Hope this helps,

A Dios amigo

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atma.love
1d
Ps. i&#039;m not saying Lethean is most promising competitor to Monero, but a better privacy project.

i expect Monero will for a long time be up high as a privacy payment coin, but there are and will be many other privacy coins which can be used for payment of services (and in the future probably it will be very easy to pay with any coin with chain agnostic bridges in play). So looking at the different use cases in addition to a means of exchange is important to realise the value of each, compared with current market price. It&#039;s also important to consider the integrity (in terms of being good for humanity) of the project and authenticity of the founders (if doxxed).

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atma.love
1d
Quick look at Zano 
https://twitter.com/zano_project/status/1636090624414720001?s=20


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forexbrokr
74
12h
That is a GREAT thread!

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rachid8585
2d
The stratification of currencies makes converting between them difficult, as gold is not silver... Each currency has its own characteristics

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forexbrokr
74
2d
Do you see the process of converting between privacy coins getting easier in the future?

Do you see a genuine DEX listing happening for Monero?

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vimukthi
5h
Zero Knowledge proofs are a must going forward with cryptocurrency.

You will love reading: https://dark.fi/manifesto.html
!PIZZA
!LUV
!CTP

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forexbrokr
74
27m
I feel naughty reading something titled a manifesto lol...

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pizzabot
5h
PIZZA!
PIZZA Holders sent $PIZZA tips in this post&#039;s comments:
@vimukthi(3/5) tipped @forexbrokr (x1)

Join us in Discord!

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				<link>https://www.bitcoinmyk.com/activity/p/364/</link>
				<pubDate>Thu, 16 Mar 2023 21:49:30 +0000</pubDate>

									<content:encoded><![CDATA[<div class="activity-inner"><p>LeoFinance</p>
<p>100%<br />
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Dane<br />
74<br />
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Web3 | Hive</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a>/when-thorchain-lists-monero</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
16h<br />
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When THORChain lists Monero&#8230;<br />
Direct from the desk of Dane Williams. Not if, but WHEN THORChain lists Monero, it’s game over for r&hellip;<span class="activity-read-more" id="activity-read-more-364"><a target="_blank" href="https://www.bitcoinmyk.com/activity/p/364/" rel="nofollow ugc">Read More</a></span></p>
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				<title>LeoFinance


100%
@forexbrokr
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73
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@forexbrokr/hive-presents-an-opportunity-to-monetise-content-via-layer-2

@forexbrokr
2d
73
LeoFinance
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Hive presents an opportunity to monetise content via layer-2
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Hive presents an opportunity to monetise content via layer-2
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@forexbrokr
2d
73
LeoFinance
LEOFINANCE
2 MIN READ
320 WORDS
monetiselayer2hive.png
Direct from the desk of Dane Williams.





As a decentralised blockchain, all Hive cares about is using content to distribute the HIVE governance coin via reward pool inflation.

In terms of adding value to the HIVE token, the makeup of the content itself does not matter.

Only that the HIVE token is distributed as far and wide as possible.

But by encouraging content to be published to an open-source blockchain in order to distribute its governance token, Hive presents opportunity for you to build a content business on layer-2.

Literally anyone is free to take the content people are putting on the open Hive blockchain and then monetise it on your own front-end.

Your choices:

Keep the USD generated from putting ads on the content yourself and stop there.
Create a sustainable, tokenised layer-2 content community.
(Obviously there are other ways to generate revenue via content, but I&#039;m using ads an example because it&#039;s the easiest and right now the most viable.)

Where is LeoFinance (LEO) at?
Right now, the reality is that LeoFinance has stopped at 1.

LeoFinance is supposedly generating USD from leofinance.io ad revenue and sending it into a closed account that only Khal can see.

Is he saving it at all?

Is he spending it?

Who knows.

As LEO investors, we&#039;re taking him on his word that he is in fact saving the revenue being generated and moving toward 2.

That LEO can and will reach a sustainable equilibrium between inflation used to pay for the content (the LEO rewards pool), and buy/burns from the revenue that content on his front-end generates.

Do you believe him?

Do you beleive that even if he carries out his promise to drive revenue that the content generates back into LEO, that a sustainable equilbrium can be found?

Let me know in the comments.

Best of probabilities to you.

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alex-rourke
2d
So there&#039;s no statistics,reports, transactions? Just words?

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forexbrokr
73
2d
Just words.

Kinda hoping that this will spark a conversation involving the team.

It doesn&#039;t matter if the current ad revenue dollar values are low.

All we need is to see how much traffic it takes at the current inflation schedule, to hit equilibrium.

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ifarmgirl-leo
2d
We are kind of banking on his words but I like to believe that Khal will do as he says and that a sustainable equilibrium will happen too.

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forexbrokr
73
2d
Let&#039;s see.

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ifarmgirl-leo
1d
Yeah, time will tell :)

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metzli
2d
I totally have my parents money sitting in my bank account ready to go for whenever they need it.

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ifarmgirl-leo
1d
Hehe, that&#039;s good. At least you&#039;ve got them ready&#x1f609;

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jfang003
2d
I don&#039;t see any reason to doubt Khal but I do agree that the ad spending to distribute towards LEO stakers is a long time waiting. It was mentioned a long while ago and I am also think it&#039;s a bit too long.

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forexbrokr
73
2d
Way too long.

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metzli
2d
Or maybe just the ad revenue is so embarrassingly small that he doesn&#039;t want to share yet.

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jfang003
17h
It&#039;s been over a year so I think the amount generated should be at least big enough now. I know that they can definitely improve the ad placement but I don&#039;t think there would be any issues on the site itself.

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metzli
8h
I keep thinking of how many views you need on as a blogger to even start earning a dollar and think that we aren&#039;t there yet.

Buy maybe 500 daily users brings on more views than I can imagine.

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tomlee
2d
LeoFinance is supposedly generating USD from leofinance.io ad revenue and sending it into a closed account that only Khal can see

Just getting to know this.

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l337m45732
2d
yeah, i&#039;d love to see some transparency around this. i fully support LeoFinance, and Khal of course. i just think there needs to be a clear, transparent roadmap for this.

will we reach a sustainable equilibrium? i dunno. only time will tell. surely buyback &#038; burns will push us in that direction eventually.

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metzli
2d
May the odds be ever in your favor.

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@forexbrokr/buying-leo-is-a-no-brainer

@forexbrokr
4d
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Buying LEO is a no brainer &#x1f9e0;
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@forexbrokr
8d
73
LeoFinance
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				<link>https://www.bitcoinmyk.com/activity/p/309/</link>
				<pubDate>Tue, 31 Jan 2023 00:38:11 +0000</pubDate>

									<content:encoded><![CDATA[<div class="activity-inner"><p>LeoFinance</p>
<p>100%<br />
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Web3 | Hive</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a>/hive-presents-an-opportunity-to-monetise-content-via-layer-2</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
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LEOFINANCE<br />
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				<title>What is Hive’s value proposition?
22 comments
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@forexbrokr
18d (Edited)
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3 MIN READ
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What is Hive’s value proposition?
Direct from the desk of Dane Williams.





The value of a Hive account is that it allows you to always message your followers. NOT to expand your reach.
I’ve been thinking about this a lot and never really sat down and put it into words before answering some of the comments in yesterday’s Vitalik should join Hive post.

Whenever you talk about the prospect of influencers and businesses securing a Hive account of their own, the pushback is always this:

“There is no value in joining the Hive community because Twitter and other traditional Web2 platforms have a bigger reach.”

Basically, the argument is that if someone was to join Hive, they would get stuck in the echo chamber those of us here know so well.

But the value proposition of getting a Web3 Hive account isn’t actually to increase their reach by joining what we call a Hive community, such as LeoFinance.

Nope.

It’s to protect their ability to message their own community, whenever and however they please.

Which in most cases is simply the loyal followers that they’ve already built.

Banner highlighting Hive crypto’s value proposition
We need to change how we think about “community” on Hive.
Take the example of Vitalik.

A man of his stature in the crypto industry doesn&#039;t need access to the LeoFinance &quot;community&quot; to build his following.

Because he is literally a community in himself.

It doesn&#039;t matter what anyone already on Hive says or does, he has an audience that will follow him.

But what Vitalik does need is a censorship-resistant account and easy to use network of alternative front-ends that ensures he’s always able to get a message to HIS community.

Yep, a Hive account is literally all he needs.

He doesn&#039;t need any of what we call communities here because he already has an engaged audience.

Not to mention the fact that nobody is stopping him from using Twitter in the meantime to continue fishing where the fish are to expand that audience.

Best practice should be to publish content on a censorship-resistant platform like Hive and then to share it as far as wide as possible.

All the while, onboarding followers from Web2 to a censorship-resistant Web3 account that you own.

Having a social account running on a decentralised, immutable base layer is key.

And nobody can provide a battle tested, working solution like Hive.

THIS is Hive’s true value proposition.

The OnlyFans conundrum
Some of you might laugh while reading this, but adult content creators should see their own Web3 Hive account as the best OnlyFans alterantive for the same reason.

The value proposition of getting a Web3 Hive account isn’t to increase their reach by joining a porn community on Hive (sorry dPORN bag holders)..

It’s actually to protect their ability to message their own community, whenever and however they please.

An established adult content creator already has an audience.

What they need is a censorship-resistant platform to serve content to their followers and an account that they own to onboard that Web2 following to.

They don’t have to delete their OnlyFans, Twitter, Instagram etc etc.

But Hive’s value proposition of providing a censorship-resistant platform to ensure you’re never unable to message your community is unrivalled.

Best of probabilities to you.

PS. The best way to get a Hive account is by clicking the big get started button at the top right hand corner of this page and using your Twitter handle to sign up.

You’re then able to take full ownership of your account’s keys (when you’re ready of course) and gain all of the advantages that a Web3 Hive account has to offer.

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jfang003
18d
Wouldn&#039;t Vitalik&#039;s problem be solved using his own site then? It&#039;s not like removing him from a social media will remove his content if he does that. It does limit his reach and it makes it harder to find people I guess without having to build a mail list. However, would this matter if the people following him don&#039;t show up to Hive much? The notifications themselves don&#039;t really show people that there is a new post unless they are tagged.

While I believe in Hive, I was trying to take the other side to see why people wouldn&#039;t be here. I do think it&#039;s much better if they show up to Hive but I just can&#039;t remove the feeling that these people won&#039;t check often.

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forexbrokr
73
17d
Wouldn&#039;t Vitalik&#039;s problem be solved using his own site then? It&#039;s not like removing him from a social media will remove his content if he does that.

He will still be at the total mercy of his site&#039;s host.

That risk is removed on an account running on a truly decentralised, censorship-resistant network like Hive.

It does limit his reach and it makes it harder to find people I guess without having to build a mail list.

Limiting his reach and making himself harder to be found are two other risks/downsides to limiting your online presence to a single, self hosted site.

As for building a mailing list, I&#039;ve spoken about the synergies between an email list and Web3 account before.

However, would this matter if the people following him don&#039;t show up to Hive much? The notifications themselves don&#039;t really show people that there is a new post unless they are tagged.

My point is that influencers like Vitalik can use Hive as a censorship-resistant base to always have a platform to get their content out, no matter what.

It removes to the risk of being banned on Web2 socials.

Removes the server risk from self hosting.

And gives an opportunity to onboard a following onto a Web3 account that you own (a more convenient email mailing list).

From there, they can use and share to all the &#039;risky&#039; platforms while they&#039;re still able to in order to fish where the fish are.

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jfang003
17d
What is your view of Locals? I have heard a lot of people talk about it as a patreon alternative and it&#039;s kind of run by the people who run Rumble right now. It&#039;s generally the place I see a ton of YouTubers talk about when they mention how to contact people.

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josediccus
18d
I do believe Vitalik is a reasonable man, sometimes I just feels people like him are vested in their crypto projects and utilizing just Twitter alone. It&#039;s true that proposition we&#039;re selling isn&#039;t what we should be selling, he&#039;s a community on his own like you&#039;ve said afterall. However, k sometimes wish we can see Twitter on the brink of demise to see whether someone like him might see the need for what we&#039;re offering here.

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iskafan
18d
That&#039;s a selfish thought... Lol.

But I give it to you because everything is fair in business.

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josediccus
18d
If it happens, and we get him here, I won&#039;t be the only one to enjoy the prospective dividends.

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iskafan
18d
Haha... That&#039;s a great perspective. Again, you have my support.

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josediccus
18d
Those guys are all we need to taste mass adoption. Opportunity is a game of chess, one has to die for another to be born. You wouldn&#039;t mind being a millionaire would you?

&#x1f602;&#x1f602;&#x1f602;

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iskafan
18d
Lol. Who no like better thing? &#x1f602;

Of course, it&#039;s a cycle of life that one thing has to die for another to be born &#x1f648;

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forexbrokr
73
17d
Honestly, you might not have to wait too much longer to get your wish...

Elon is driving Twitter into the ground and people are at least waking up to breaking the monopolistic hold that it and Facebook have on the social media market.

As long as Hive remains open, decentralised and interconnected with other networks, there will always be a place for us in the market.

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josediccus
17d
I also feel Elon is gradually killing the system, I tend to think this is even the most important time to pitch the hive gospel even more on Twitter.

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iskafan
18d
Some of you might laugh while reading this, but adult content creators should see their own Web3 Hive account as the best OnlyFans alterantive for the same reason.

I was thinking about this yesterday. I imagined having a separate Hive account for all my adult content and NSFW tag posts.

And I wondered how will I be able to reach people who would love to read them without age restrictions.?

Then my head said, &quot;as long as they keep the NSFW tag setting on, they will find you&quot;.

And as long I try to reach them and draw them to that account through engagement, I can build a following.

This is a clear indication from all angle that Hive fixes almost everything.

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forexbrokr
73
17d
LeoFinance obviously has a different niche in mind, but they are building the ability to still use your Hive account behind paywalled content.

Once this code is developed, it&#039;s a no brainer that adult content creators would start using their Hive account as an alternative to OnlyFans.

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leogrowth
18d
This sums it up pretty well, Hive is not a place to become an influencer, it is a place where anyone can share their message whatever that may be.

Congrats on getting a manual vote from our decentralized curation initiative! Thank you for making great content on Leo Finance!

We just launched an initiative to encourage long-term thinking on Leo Finance. Set some LeoPower goals and get rewarded in the process! It would be great if you join us!

#MyLeoGoals for 2023

image.png

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forexbrokr
73
17d
But in saying that, there is certainly value for influencers here too.

The business model of an influencer relies on being able to message their audience.

At the moment they are at the total whim of Web2 platforms who have the power to take away their ability to do business at the drop of a hat.

Onboarding their following from a Web2 account to an immutible Web3 Hive account that they actually own, is a smart risk management play for their business.

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optout
18d
Would you please sign up for my OnlyFans account. I&#039;ve been on there a while and for some strange reason I don&#039;t have any subs yet.

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forexbrokr
73
17d
Do you let people who lean to the left side of politics masturbate to your content?

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optout
17d
Money is apolitical.

Posted Using LeoFinance Beta

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forexbrokr
73
17d
Sellout...

Posted Using LeoFinance Beta

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optout
17d
We all do what we gotta do to make it in the Biden economy. *Adjusts wig, applies fresh lipstick, walks awkwardly on high heels towards the nearest truck stop.

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jerrythefarmer
18d
I honestly thought Vitalik would have an account by now.

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forexbrokr
73
17d
As someone who is genuinely in it for the tech, I too thought Vitalik would see the value in having a Hive account for his messaging.

Maybe he will when whoever runs his Mastodon server of choice decides they need to monetise their userbase to pay infrastructure costs...

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				<link>https://www.bitcoinmyk.com/activity/p/301/</link>
				<pubDate>Sun, 08 Jan 2023 21:10:25 +0000</pubDate>

									<content:encoded><![CDATA[<div class="activity-inner"><p>What is Hive’s value proposition?<br />
22 comments<br />
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0 reblogs</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
18d (Edited)<br />
73<br />
LeoFinance<br />
LEOFINANCE<br />
3 MIN READ<br />
623 WORDS<br />
What is Hive’s value proposition?<br />
Direct from the desk of Dane Williams.</p>
<p>The value of a Hive account is that it allows you to always message your followers. NOT to expand your reach.<br />
I’ve been&hellip;<span class="activity-read-more" id="activity-read-more-301"><a target="_blank" href="https://www.bitcoinmyk.com/activity/p/301/" rel="nofollow ugc">Read More</a></span></p>
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				<title>LeoFinance


100%
@forexbrokr
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73
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@forexbrokr/best-way-to-buy-hbd-without-kyc

@forexbrokr
1h (Edited)
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Best way to buy HBD without KYC
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Best way to buy HBD without KYC
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@forexbrokr
1h (Edited)
73
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3 MIN READ
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Best way to buy HBD without KYC.
Direct from the desk of Dane Williams.





The best method to buy HBD without KYC is to use the ParaSwap DEX aggregator to buy bHBD, which can then be bridged to your Hive account.
Are you looking for the best way to buy Hive Backed Dollars (HBD) without KYC?

Binance and Blocktrades have been the traditional routes that people use to buy their HBD from an exchange.

But recently, both have started requiring users to submit ID and a photo.

Yuck.

If you have no interest in completing these archaic KYC requirements and are searching for an alternative, I’ve got you covered.

The solution is actually quite simple:

Use the Paraswap DEX aggregator on the Binance Smart Chain (BSC) to purchase HBD crypto in the form of bHBD, and then transfer it to your account.

In this guide, we&#039;ll walk you through the process of buying HBD without KYC step by step and ensure you don’t make any mistakes.

Let&#039;s get into it.

Start by moving your money into the crypto ecosystem
Let me kick off by saying no matter what governments do, there will ALWAYS be non-KYC fiat on/off ramps available.

Non-KYC exchanges accessible from certain parts of the world, p2p crypto trading services, Bitcoin ATMs and the like.

No matter what FUD you read, I assure you that there will technically always be options to get money into the crypto ecosystem.

Find your non-KYC on/off ramp and get your cash into the ecosystem.

Once inside, you are free to use decentralised exchanges and aggregators like Paraswap to buy HBD without KYC.

How to buy HBD without KYC using Paraswap
Follow the following steps to buy HBD without KYC using the DEX aggregator called Paraswap.

While the steps will be similar for other DEXs, using Paraswap is the easiest and cheapest way to do it.

Step 1 - Buying HBD via Paraswap
You’re actually going to be buying a BSC-based derivative called bHBD.

Go to app.paraswap.io and ensure the BSC network is selected:

Buying HBD without KYC on Paraswap.
In the top drop down box, select the token you wish to swap from, while in the bottom drop down box paste the following contract address for bHBD - 0x874966221020d6ac1aed0e2cfad9cbfee0ba713b:

Selecting HBD on Paraswap.
Hit Review Order and confirm the transaction via your BSC wallet of choice:

Confirming your HBD buy.
Easy, right?

You’ve now bought HBD without KYC and it’s time to bridge it over to your HIVE account.

Step 2 - Bridging bHBD to your Hive account
Remember, by using a BSC-based DEX, you’ve bought a derivative of HBD called bHBD.

To get it back into your Hive account and start earning 20% interest, you need to use the HBD to BSC bridge:

Bridging your non-KYC HBD back to Hive.
Click the button that says transfer them back, then input your Hive username and the amount of bHBD you wish to transfer:

Punch in your Hive username.
Once again confirm the transaction via your BSC wallet of choice:

Confirming your bridge transaction.
There you have it.

Your bHBD has now been bridged to native HBD, the best algorithmic stablecoin and is waiting for you in your Hive account.

Best of probabilities to you.

PS. Also be sure to check out my best way to buy HIVE without KYC post.

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poshtoken
1h
https://twitter.com/1331330355513745413/status/1610448873918529538
The rewards earned on this comment will go directly to the people( @taskmaster4450le ) sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.

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@forexbrokr
1d
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The contradiction that is Brave Rewards
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12d (Edited)
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I view impermanent loss a little differently...
Direct from the desk of Dane Williams. The scenario where I’ll happily accept impermanent loss on my DeFi LP. In the world of…
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13d (Edited)
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LeoFinance
LEOFINANCE
What is Hive’s value proposition?
Direct from the desk of Dane Williams. The value of a Hive account is that it allows you to always message your followers. NOT…
232
22
$2.80 USD
@forexbrokr/vitalik-buterin-needs-to-embrace-web3-social-media-on-hive

@forexbrokr
14d
73
LeoFinance
LEOFINANCE
Vitalik Buterin needs to embrace Web3 social media on Hive
Direct from the desk of Dane Williams. Vitalik Buterin - It’s time to embrace Web3 social media on Hive. Did you see that our…
219
16
$1.70 USD
@forexbrokr/what-if-you-are-banned-from-mastodon

@forexbrokr
15d (Edited)
73
LeoFinance
LEOFINANCE
What if you are banned from Mastodon?
Direct from the desk of Dane Williams. I take a look at what happens if you’re banned from Mastodon and why Hive’s true Web3…
294
1
22
$2.15 USD
@forexbrokr/6-ways-to-grow-your-leo-stake-on-hive

@forexbrokr
24d
73
LeoFinance
LEOFINANCE
6 ways to grow your LEO stake on Hive
Direct from the desk of Dane Williams. Whether you want to invest money or time, here are 6 ways you can grow your LEO stake on…
441
24
$5.58 USD
@forexbrokr/when-you-should-power-up-hive

@forexbrokr
25d (Edited)
73
LeoFinance
LEOFINANCE
When you should power up HIVE
Direct from the desk of Dane Williams. A look at the various scenarios around if and when you should power up HIVE. Powering…
479
1
31
$3.19 USD
@forexbrokr/further-musings-on-the-future-of-social-media

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
Further musings on the future of social media
Direct from the desk of Dane Williams. The future of social media is more than just shitposting and organising coffee dates.…
164
24
$2.07 USD
@forexbrokr/wax-vs-eos-battle-of-the-eosio-blockchains

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
WAX vs EOS - Battle of the EOSIO blockchains
Direct from the desk of Dane Williams. When it comes to making a head to head comparison with another blockchain, WAX vs EOS is…
151
17
$0.92 USD
@forexbrokr/introduction-to-wax-crypto-waxp

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
Introduction to WAX crypto (WAXP)
Direct from the desk of Dane Williams. An introduction to WAX crypto (WAXP), the blockchain ecosystem specifically focused on…
377
1
31
$3.28 USD
@forexbrokr/the-future-of-social-media-blockchain-and-web3-dapps-on-hive

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
The future of social media - Blockchain and Web3 dApps on Hive
Direct from the desk of Dane Williams. A look at why social media needs an immutable blockchain forming its base layer and why…
308
9
$3.96 USD
@forexbrokr/best-defi-variable-staking-cub-finance-kingdoms

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
Best DeFi variable staking? - Cub Finance Kingdoms
Direct from the desk of Dane Williams. A guide to Cub Finance’s newest variable staking option inside Kingdoms, offering both…
461
1
10
$5.70 USD
@forexbrokr/switching-from-twitter-to-mastodon-try-hive-instead

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
Switching from Twitter to Mastodon? Try Hive instead
Direct from the desk of Dane Williams. Switching to Mastodon solves none of the problems you currently face on Twitter. Here’s…
176
22
$2.33 USD

@forexbrokr/can-i-still-get-the-dogechain-airdrop

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
Can I still get the Dogechain airdrop?
Direct from the desk of Dane Williams. While the claim time limit has passed for Early Shibes , Loyal Shibes can still…
240
6
$2.79 USD
@forexbrokr/is-solana-dead-2022-update

@forexbrokr
1 mo (Edited)
73
LeoFinance
LEOFINANCE
Is Solana dead? - 2023 update
Direct from the desk of Dane Williams. Following the 2022 crypto crash caused by FTX, we take a look at whether Solana is dead…
153
11
$0.92 USD
@forexbrokr/is-waxp-the-same-as-wax-crypto

@forexbrokr
1 mo (Edited)
73
LeoFinance
LEOFINANCE
Is WAXP the same as WAX crypto?
Direct from the desk of Dane Williams. Yes, WAXP is the same as WAX crypto. When I first started messing around with the WAX…
254
22
$2.34 USD
@forexbrokr/where-does-hbd-s-20-interest-come-from-hbd-faqs

@forexbrokr
1 mo
73
LeoFinance
LEOFINANCE
Where does HBD’s 20% interest come from? - HBD FAQs
Direct from the desk of Dane Williams. Continuing to address your most common questions about Hive&#039;s algorithmic stablecoin…
547
1
21
$4.21 USD</title>
				<link>https://www.bitcoinmyk.com/activity/p/298/</link>
				<pubDate>Wed, 04 Jan 2023 03:08:06 +0000</pubDate>

									<content:encoded><![CDATA[<div class="activity-inner"><p>LeoFinance</p>
<p>100%<br />
<a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
Dane Williams<br />
73<br />
 2641 158<br />
 leofinance.io/<a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
 Sydney, Australia<br />
Web3 | Hive</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a>/best-way-to-buy-hbd-without-kyc</p>
<p><a class='bp-suggestions-mention' target="_blank" href='https://www.bitcoinmyk.com/members/forexbrokr/' rel="nofollow ugc">@forexbrokr</a><br />
1h (Edited)<br />
73<br />
LeoFinance<br />
LEOFINANCE<br />
Best way to buy HBD without KYC<br />
Direct from the desk of Dane Williams. The best method to buy HBD without KYC is to&hellip;<span class="activity-read-more" id="activity-read-more-298"><a target="_blank" href="https://www.bitcoinmyk.com/activity/p/298/" rel="nofollow ugc">Read More</a></span></p>
</div>]]></content:encoded>
				
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