I know that everyone here is quick to blame OP for this mistake but crypto will never be fully adopted by the general public if this type of thing can happen so easily. We need to find ways to make this type of issue far more difficult. UX/UI is key to user adoption.
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butter14@alien.topBto Solana•which solana tokens do have a good growth potential?English1·2 years agoThe DAO tokens are derivatives of HNT.
Helium uses a DAO score to determine the redemption rate between HNT and Mobile. The equation takes 3 variables into account (the amount staked in a subDAO, the number of active devices, and the amount of data burned by each respective DAO) this determines the amount of HNT that goes into each DAO’s algorithmic treasury. That HNT is what sets the redemption rate. Here is a link if you want to learn more about how Helium’s economy works.
Currently, because IOT is older and has more devices, its redemption rate is higher than MOBILE. But if MOBILE is successful, the redemption rate will rise.
I do agree that it’s probably wise to hold HNT, but MOBILE did have a 300% increase in the last month in preparation of Helium Mobile launching in Miami.
butter14@alien.topBto Solana•which solana tokens do have a good growth potential?English1·2 years agoYep, Helium Mobile is trading at fractions of a cent, the upside is massive, but because liquidity is low and can only be purchased on a DEX retail doesn’t know about it. Yet anyways.
Solana is not a store of value. It has a 1.5% inflation rate that will last into perpetuity. Solana is a decentralized compute platform that can do many things, one of them being transactions. It’s extremely fast, and it is one of the first platforms where fees are cheap enough for developers to build projects on top of.
Overall, Solana is a faster, more decentralized, and far more scalable L1 than Ethereum, which is the predecessor to Solana.
butter14@alien.topBto Solana•Binance and CZ officially charged by 🇺🇸 U.S. Department of Justice - Over $4 Billion 💰💲😱English1·2 years agoThis is basically our aged out, Boomer+, Executive Branch flexing on the only heavily centralized thing in the crypto space - exchanges.
Here’s a message to our government: you can’t put the genie back in the bottle. You can stifle it, maybe even until your generation dies out, but the younger ones will slowly adopt the technology.
Adapt or die.
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Hive Mapper
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Helium
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Orca
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Render
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butter14@alien.topBto Solana•What are your thoughts on Solana's potential in 2024?English1·2 years agoAs a user of ETH for years, switching chains from ETH to SOL was like moving from a horse and buggy to a jet. I won’t look back. ETH got too big, too fast, and now they don’t want to tip the golden goose by innovating. Solana is the future and people are waking up to it.
Realistically between 250-500 by 2025
If Solana reaches the same size of BTC, the price to send a transaction will still only be .0083c - less than a penny - and will be cheaper than credit card fees currently.
There are more computationally expensive things on SOL - like entering into a DEX contract - which costs 0.0002 SOL but that still would be only a few dollars.
In fact, the fees are so cheap that there are some concerns about chain security after SOL emissions reduces a few fold.
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Orca - Decentralized exchange where users can easily trade coins and stake for dexes.
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Render - is a promising dePIN project that is trying to decentralize datacenters and CG render farms
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Drift - Pretty cool DEX platform
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Tensor - a bit of a nebulous project that wants to decentralize AI, promising, founder seems pretty smart
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Helium - The grandaddy of dePIN, Helium is currently building a 5G cellular Provider in the Miami where anyone can own a cell tower
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HiveMapper - crowdsourced Google Maps. Promising project
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Jupiter - My favorite exchange. Automatically finds the cheapest DEX routes, which saves a lot of fees.
This is really a great time to be apart of the Solana ecosystem, there’s so many innovative projects that it’s hard to keep track of them all.
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butter14@alien.topBto Solana•I was hacked trying to check on eligibility for an ADEnglish1·2 years agoSo did you sign a transaction or just give authority to a dAPP to do whatever it wanted?
I’m curious because if using a hardware wallet, wouldn’t you have to sign the transaction from the device in order for your wallet to be drained?
ETF’s don’t increase user adoption just investor money.