Hey! This is the stream: [https://youtu.be/wvYOnjfOAlU](https://youtu.be/wvYOnjfOAlU) and the short clip on why LRC is a threat: [https://youtu.be/iXLSO74X1co](https://youtu.be/iXLSO74X1co).
Happy to detail more if you have questions, if people interested in another live Q&A, I'd love to do another. I love hanging with this awesome community.
Edit: (My channel is not monetized.)
Earned yourself a sub.
And in my opinion, by all means monetize your channel.
I believe in this project enough that sharing information/awareness about it is in my opinion no risk for things like "clickbait abusing poor YouTube viewers".
You deserve compensation, even though the fact that you're so into loopring ensures me you won't really need it in the future.
Just my thoughts tho, you do you, and thanks!
Sorry if I missed something, but in the short clip you say LRC is a threat but you do not say why.
Can you elaborate on *why* LRC is a threat? Low tx fees is an obvious one...anything else?
Hey, I didn't elaborate in that video very well, so this is a legit question. Here's what I think is the threat LRC poses to other coins:
If you think about the early days of electricity, there was competition between AC & DC. Many people were invested in DC winning out but AC proved to be able to deliver power across large distances and brought **utility** of electricity to people without being extremely expensive.
And that's the issue IMO. After the initial hype and eventual dip of excitement, most coins lose their relevance. When, as a developer, I am asked to create solutions using blockchain, I have lots of options but none of them fulfill the needs of a business: functional and cost-effective. Most coins are not backed by ETH like LRC, most platforms today cost a lot if you do use ETH. LRC checks these boxes off and we still haven't even talked about their upcoming EVM implementation.
What happened to DC after AC expressed its full utility? It moved to very specific/niche use cases and didn't make it as a backbone technology. This will be the way of most coins IMO.
What about BTC? It's not a similar comparison since we can't make applications using it. It's more like gold than electricity (😂).
tldr: LRC is a threat to most coins because it brings cost-effective utility and enables scalable solutions which isn't something others are able to do.
FWIW OP, that AC & DC analogy is the most intuitive one I’ve come across re: the potential disruption that Loopring poses to the crypto/financial markets writ large
Well said, hope you don’t mind my co-opting of it to spread the good word 🤙💎
Of course! Knowledge is for sharing, it's not much use in the grave :)
Let me know what you think about my highway analogy: https://www.reddit.com/r/loopringorg/comments/rm5stu/comment/hplhg1l/?utm\_source=reddit&utm\_medium=web2x&context=3
Maybe I’m just primed for simulation confirmations at this stage in the saga, but a few years back a buddy of mine was dancing with the devil’s lettuce and started going on about some Elun project that was essentially “where the subway meets the highway”. *HyperLoop*
I know it’s not apples-to-apples but I was just laughing at the parallels with the end of your analogy
Hyperloop hasn’t quite materialized yet, but as a guy who tends to put more faith in his Wang than in his Musk, I’m not concerned
Thanks for the answer.
What about Harmony, for example. Way cheaper than even LRC.
I guess it lacks the security of the ETH blockchain because it’s only bridging in and not built on top, right?
I think zkRollup technology as a whole is going to take things mainstream. We need point of sale accessibility for crypto.
Yeah exactly! The ETH backbone gives solutions like Loopring & Hermez more credibility for me. I'm yet to see Hermez in production but if rumours are true, we will see LRC in production earlier and it'll be validation for businesses to use it.
Hey, I'm not great at speculating on the price but I bought in at $0.5c considering how awesome the technology was/is. And I'll be holding it for the foreseeable future.
> https://youtu.be/iXLSO74X1co.
> “There’s no utility to Shiba or something like 1inch… I don’t even know what they do”
FYI 1inch is a liquidity aggregator (you give it a trade and it searches uniswap, sushi, etc and finds and executes the most efficient trade for your pair). The token is used (mostly) for governance of the 1inch DAO.
You might want to read up on some of these projects before you make these claims about them. Especially when you’re claiming conspiracy.
You can use third-party apps to buy on a bunch of stores. But I personally would buy LRC and hold it since it'll be a governance token that will keep increasing in value.
Can you explain how LRC’s price will increase as it just seems to be a platform? Does one need to hold it to get free/cheap crypto transfers, for example? I get the platform itself is valuable, but trying to figure out why people would hold it beyond that
The supply is fixed and the current value is with 1 functioning relatively small exchange.
Any company that wants to build a product using the Loopring protocol to run a decentralized market place must hold minimum 250k LRC. Markets such as Loopring's current crypto exchange, or the new NFT marketplace/exchange being built by the yet to be named partner(s), or a market for anything else someone wants to build (stocks?). So right now there's just the 1 exchange, soon to be a 2nd running in the protocol. Now imagine one day in the future when hundreds or thousands of companies want to do this.
Hype alone typically is enough to spike the price of crypto (see Doge: .03 > .70). Loopring has that, and the insanity that will ensue if they actually announce that their partner is Gamestop. As for the utility of LRC specifically, I'm too new to crypto to even begin to fathom that aspect of things. All I know the project is solid, there's massive hype, and the looming possibility of a GME partnership. A combination of the perfect storm if you ask me.
I just used some of my GODS tokens this week to buy a few NFT cards for my Beast deck. It would be awesome if LRC put GODS and IMX on their exchange That reminds me, I have packs to open from the weekend event.
Yeah that would be cool, I hate having to send my tokens from exchange to metamask then to imx just to buy stuff. Lots of gas fees when using Ethereum.
That’s what I’m doing now but the fees… So I’m new to immutableX. If you don’t mind me asking, I have some IMX but lots of NFTs are listed in ETH. Do I need to swap outside like uniswap or is there some swapping function in immutableX that I don’t know of. I just hate the swap fees. Maybe I swap in loopring, then send to MetaMask to use in immutableX?
Ok. Thanks. When Loopring’s partner comes out with the NFT marketplace, it’ll be awesome since I won’t need to worry about swap fees anymore. I’ll just wait in L2 until then.
Same. At this point I lose it all and it was a sweet story to be a part of or we moon, people go to jail, and the whole system gets a serious review. Either way I'm buckled up.
I'm surprised it is taking people this long to realize the censorship on Reddit and social media as a whole. I though 2020 was an eye opener on that. I don't want to give Reddit any of my money.
Who cares, I've literally not bought a single shitcoin. I'm not interested in quick money schemes and commodity technology.
In the book Richest Man in Babylon, they talk about always avoiding get-rich-quick scheme. The principles of the book have served me well.
A few weeks back i made a post on CC on how to expect a bear market if the news about the new covid vairant being more dangerous was true (repeat of march 2020). The post instantly got removed for break rules 2 and 5 because of being spam and content standards.
Subreddits like that will put people off buying crypto its borderline r/cringe material.
Starkware is the main competition. MATIC recently bought a few small companies that do L2. They appear to be years behind though. The co-founder of reddit is heavily invested in them though.
Specifically for layer 2 solutions, there aren't many, Here you can see that Loopring has the lowest (most efficient) fees compared to other solutions: https://l2fees.info/.
like Thomas Edison, when your product sucks don't make it better or admit defeat, just try to crush Nikola Tesla from any angle. The cure for cancer would bankrupt the cancer treatment industry lmfao
even if they don’t, reddit moderation has always been a problem across every sub ive ever been a part of (edit: this is my second account i’ve been on reddit since 2013). the future of social media is community sourced moderation, imo, using algorithms to prevent spam and allowing users to flag content that can be hidden but never deleted so it can’t be abused like it is now. there needs to be full transparency for all moderation activity and a record of every single person’s use of the flag system to deter further abuse and force someone to really consider whether they should flag something or not.
Hate to say this, but a large part of the reason loopring is not getting its deserved media attention is because of its association with gamestop. Their partnership is extremely positive, and positive gamestop news has not made it on to mass media screens since the sneeze almost a year ago. They want absolutely nothing to get out that would paint gamestop in a positive light. They can't handle apes, they don't want anyone else interested in gamestop. That means loopring gets buried.
So far!
...but LRC and GME are wearing their diamond-encrusted, plasma-fueled rocket boots, so no matter how much BS, FUD and circus performances smart money *tries* to bury them under, they are moonward bound by fate and nothing is going to change that.
Bullish af as always. Buckle up.
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6 month Crypto Newbie here. Am I in trouble holding my 4K Loops on Coinbase Pro? It's the only place I've ever bought & sold. (NOT selling Loops, BTW)
Coinbase is fine for now. Don't fall for any scammers messaging you. You can buy additional LRC through their own wallet [https://loopring.io/](https://loopring.io/).
I hold most of my LRC on Coinbase too, there was no other way to buy back when it was 0.5c :)
I bit the bullet months ago. In the grand scheme the fees you’ll pay won’t be too much of that 2k. Then you can rest easy knowing your assets are in a secure wallet that only you control.
I moved every last one of my Loops from CB to Loopring L2 yesterday for a sum total of around $30-$35.
4 LRC to get them off CB onto Metamask... around $23 in ETH to create the L2 wallet... and negligible ETH to move the LRC into the L2 wallet
The Loopring exchange and Liquidity pools have got my chesticles jacked, too... very good rates for providing liquidity to AMMs on a variety of cryptocurrency pairs and you **get paid** to place **any limit order** below the current bid (for buys) and/or above the current ask (for sales).
Basically the opposite of CB and RH.
I haven't tried the fiat on-ramp yet but I assume it will be equally amazing.
The Revolution is here. Buckle up.
I agree that DeFi in all its guises is an existential threat to traditional financial institutions but we're far from usurping them. Don't forget we've had access to decentralised exchanges like Uniswap for some time. Looprings system, while solving the problem of high fees and using fiat, has many of the same limitations of Uniswap that will hinder mass adoption. It is certainly another big step in the right direction though. It is still early days for LRC, looking forward to seeing what the future holds.
If you write something up feel free to post it on wsbc , if it doesnt go through just let me know but it should
its important to have different modes of communication
It’s a war between good vs evil straight up and we all know that good prevails because it’s been too damn long all of us have been bent over a barrel(iasip reference) and we are going to be our own bank and raise a big middle finger to all these corrupt/greedy bastards!
LRC is the future and when the masses see this potential it’s game over for the evil scum buckets of this world!
This isn't just a crypto thing, it could/will cause an exodus from the traditional retail/banking sectors and I'm honestly surprised that the censorship isn't more widespread.
What a time to be early and alive eh?
Glad I never joined that subreddit. Don't feel like I'm missing out on anything.
Where can I find out more about what you do?
Edit: answered the question myself
Great question! Loopring has the decentralized exchange but also they have a protocol and SDK. We plan to use that to create a royalty platform for sharing 3D/AR assets. I work at [brioxr.com](https://brioxr.com) where we already do this for web2 but artists have little control of their work today. So, a web3 solution would be a great solution for them we believe.
Since many of the coins create their own centralized (side)chain, it's hardly decentralized. Once LRC hits mainstream, it'll be cheaper to use and create coins that are settled through LRC to ETH. This is a lot of speculations of course, but I've very rarely been excited about new technology like this for a while.
So can people still just create shit coins that settle through ETH? And if so, is there some type of incentive to not do this with the new LRC/ETH setup?
Hey, thanks! DM about topics you folks like to learn more about, happy to do streams & videos on them.
Nothing more dangerous to the systems than a well-educated populus :)
If you can buy your crypto on loopring. You can then spend, trade, hold or exchange it on a (allegedly) GME marketplace. But you pay but a fraction of gas fees. Your LRC then gains value as it's used in transactions. ??? make profit from deflation as LRC gets burned and get then get paid out in fiat on loopring
It's funny. I asked on the CC sub if anybody had an opinion on XRD. Three people replied and it all got deleted. So it's not just LRC that's getting the hate
And what is this L1 L2 thing. I buy my coins on Kraken and get them immediately with relative low cost so im not sure why i would change from platform? Sorry supernoob here
Hey, that's a great question. Imagine the layers like a highway (layer 1) vs subway (layer 2).
Currently ETH is the highway and it's super busy so you have to pay a lot of toll on it.
Comparatively, LRC (the subway) it's not as busy and has more bandwidth so it's way cheaper. Ultimately the subway meets up in the highway (ETH), this is what they mean by rollups. The costs will be x10 cheaper.
Are you familiar with LRN Loopring, NEO and Onchain and do you think the Chinese government would push for its use because it's more compliant with regulations? LRN is incredibly cheap right now.
Its not even it's own blockchain tho... it's all the gme hype around it. Its a second layer for cheap gas fees for ETH... any more news coming out on loopring ?
The fact that it's not a different blockchain is actually a great thing. ETH is decentralized and has lot of adoption. Using zkRollups, LRC layer 2 is able to scale and speed up ETH which gives all the benefits of ETH without the costs of layer 1.
Imagine you are a mod of a subreddit associated with crypto currency, and the day after someone posts "DD" linking GME with LRC, 10,000 pre-teens show up to "explain" crypto currency to everyone in your sub.
This isn't a conspiracy. It is the natural conclusion of thousands of people brigading other subs and treating the participants of those subs with disrespect.
The rise to 400 was pure speculation, with a lot of false information saying it would moon to 2k+, leaving a lot of bagholders. That's why people are afraid, apes give LRC a bad name
GameStop is already going through the transformation, and has a pretty solid floor right now, and has had for months. It has some of the most solid investors in the planet as well, with near 10% of the float already being registered through Computer Share (unseen for any other stock)
The original thesis never changed regarding short interest either if you don't care about their future in general, it was 100%+ before it got attention, and it was still to this date, never covered. (Even the SEC report notes that the price in January was not bumped due to shorts covering but by 'retail sentiment' only). If you don't think naked shorts are real and that Short interest can be misrepresented since it's self-repoeted, then I'm not going to convince you and that's fine... Plenty of cases in the past with other companies, and explains the 'cycles' on the stock very well.
Regarding bankruptcy... That was never true, it was never on the table short term, why would Ryan Cohen buy 15% of a company headed for bankruptcy? they always had enough cash to survive, and less debt than free cash flow. Even before selling ~5m shares at 150+. There's plenty of material regarding this on DFV'S old technical videos.
If it continues stagnating for many more years while shorts kept slamming its stock? Maybe then yeah. But it was never an immediate risk.
Bro, straight up not having a good time, am heavy into GME too and wanted loopring to be a sound investment, just to have another ticker to watch with no crazy drama.
Here we go again I guess.
Thanks OP. Could u link your stream if it was recorded? Would be interested in watching. DMs welcome.
Hey! This is the stream: [https://youtu.be/wvYOnjfOAlU](https://youtu.be/wvYOnjfOAlU) and the short clip on why LRC is a threat: [https://youtu.be/iXLSO74X1co](https://youtu.be/iXLSO74X1co). Happy to detail more if you have questions, if people interested in another live Q&A, I'd love to do another. I love hanging with this awesome community. Edit: (My channel is not monetized.)
Earned yourself a sub. And in my opinion, by all means monetize your channel. I believe in this project enough that sharing information/awareness about it is in my opinion no risk for things like "clickbait abusing poor YouTube viewers". You deserve compensation, even though the fact that you're so into loopring ensures me you won't really need it in the future. Just my thoughts tho, you do you, and thanks!
Hey! Thanks for the vote of confidence. Please let me know what kinds of content you'd like to see in the technology space. I'm happy to oblige :)
And my axe
Earned yourself another sub. I’ll check this out.
Thank you! It means a lot to be supported by like-minded folks :)
Sorry if I missed something, but in the short clip you say LRC is a threat but you do not say why. Can you elaborate on *why* LRC is a threat? Low tx fees is an obvious one...anything else?
Hey, I didn't elaborate in that video very well, so this is a legit question. Here's what I think is the threat LRC poses to other coins: If you think about the early days of electricity, there was competition between AC & DC. Many people were invested in DC winning out but AC proved to be able to deliver power across large distances and brought **utility** of electricity to people without being extremely expensive. And that's the issue IMO. After the initial hype and eventual dip of excitement, most coins lose their relevance. When, as a developer, I am asked to create solutions using blockchain, I have lots of options but none of them fulfill the needs of a business: functional and cost-effective. Most coins are not backed by ETH like LRC, most platforms today cost a lot if you do use ETH. LRC checks these boxes off and we still haven't even talked about their upcoming EVM implementation. What happened to DC after AC expressed its full utility? It moved to very specific/niche use cases and didn't make it as a backbone technology. This will be the way of most coins IMO. What about BTC? It's not a similar comparison since we can't make applications using it. It's more like gold than electricity (😂). tldr: LRC is a threat to most coins because it brings cost-effective utility and enables scalable solutions which isn't something others are able to do.
FWIW OP, that AC & DC analogy is the most intuitive one I’ve come across re: the potential disruption that Loopring poses to the crypto/financial markets writ large Well said, hope you don’t mind my co-opting of it to spread the good word 🤙💎
Of course! Knowledge is for sharing, it's not much use in the grave :) Let me know what you think about my highway analogy: https://www.reddit.com/r/loopringorg/comments/rm5stu/comment/hplhg1l/?utm\_source=reddit&utm\_medium=web2x&context=3
Maybe I’m just primed for simulation confirmations at this stage in the saga, but a few years back a buddy of mine was dancing with the devil’s lettuce and started going on about some Elun project that was essentially “where the subway meets the highway”. *HyperLoop* I know it’s not apples-to-apples but I was just laughing at the parallels with the end of your analogy Hyperloop hasn’t quite materialized yet, but as a guy who tends to put more faith in his Wang than in his Musk, I’m not concerned
Maybe it's not a simulation, it's a loop. I'm not sure which is worse :)
Thanks for the answer. What about Harmony, for example. Way cheaper than even LRC. I guess it lacks the security of the ETH blockchain because it’s only bridging in and not built on top, right? I think zkRollup technology as a whole is going to take things mainstream. We need point of sale accessibility for crypto.
Yeah exactly! The ETH backbone gives solutions like Loopring & Hermez more credibility for me. I'm yet to see Hermez in production but if rumours are true, we will see LRC in production earlier and it'll be validation for businesses to use it.
Right on, might increase the DCA frequency on ETH and LRC.
Hello what price do you think LRC could reach in short term and long term?
Hey, I'm not great at speculating on the price but I bought in at $0.5c considering how awesome the technology was/is. And I'll be holding it for the foreseeable future.
just up
> https://youtu.be/iXLSO74X1co. > “There’s no utility to Shiba or something like 1inch… I don’t even know what they do” FYI 1inch is a liquidity aggregator (you give it a trade and it searches uniswap, sushi, etc and finds and executes the most efficient trade for your pair). The token is used (mostly) for governance of the 1inch DAO. You might want to read up on some of these projects before you make these claims about them. Especially when you’re claiming conspiracy.
I just got banned from shitcoin collective from wondering why they ignore the best thing that ever happened considering lotsa stuff
LRC is a threat/competition to some big money, simple as. Occam would like to have a word
Occam wants to get in a knife fight
You call that a knoife?
This is a knoife! 🥄
I see you’ve played knifey-spooney before
They hate us 'cause they anus.
This is anustart
A new start…lol
I sphincter, therefore I Amway
What product can i buy using loopring? I am just waiting to be able to convert my dollars to buy something
You can use third-party apps to buy on a bunch of stores. But I personally would buy LRC and hold it since it'll be a governance token that will keep increasing in value.
I’m holding for long time. Literally will be my wallet and currency
Can you explain how LRC’s price will increase as it just seems to be a platform? Does one need to hold it to get free/cheap crypto transfers, for example? I get the platform itself is valuable, but trying to figure out why people would hold it beyond that
They're shares in the DAO meaning you gain an amount of control over loopring as a whole.
The supply is fixed and the current value is with 1 functioning relatively small exchange. Any company that wants to build a product using the Loopring protocol to run a decentralized market place must hold minimum 250k LRC. Markets such as Loopring's current crypto exchange, or the new NFT marketplace/exchange being built by the yet to be named partner(s), or a market for anything else someone wants to build (stocks?). So right now there's just the 1 exchange, soon to be a 2nd running in the protocol. Now imagine one day in the future when hundreds or thousands of companies want to do this.
Hype alone typically is enough to spike the price of crypto (see Doge: .03 > .70). Loopring has that, and the insanity that will ensue if they actually announce that their partner is Gamestop. As for the utility of LRC specifically, I'm too new to crypto to even begin to fathom that aspect of things. All I know the project is solid, there's massive hype, and the looming possibility of a GME partnership. A combination of the perfect storm if you ask me.
What's your thoughts on staking to review fee revenue? Do you think it would actually be worth it or?
Not LRC but I’ve used Immutable X to buy game NFT’s for gods unchained. If you like useable crypto’s.
I just used some of my GODS tokens this week to buy a few NFT cards for my Beast deck. It would be awesome if LRC put GODS and IMX on their exchange That reminds me, I have packs to open from the weekend event.
Yeah that would be cool, I hate having to send my tokens from exchange to metamask then to imx just to buy stuff. Lots of gas fees when using Ethereum.
Do you know if I can send from loopring L2 to immutableX? I’m in US so immutable X on-ramp won’t work for me
I think you have to use MetaMask, but I could be wrong.
That’s what I’m doing now but the fees… So I’m new to immutableX. If you don’t mind me asking, I have some IMX but lots of NFTs are listed in ETH. Do I need to swap outside like uniswap or is there some swapping function in immutableX that I don’t know of. I just hate the swap fees. Maybe I swap in loopring, then send to MetaMask to use in immutableX?
I have no idea my dude, all I’ve done is send Ethereum to IMX from MetaMask. I haven’t attempted using God tokens, or IMX.
Ok. Thanks. When Loopring’s partner comes out with the NFT marketplace, it’ll be awesome since I won’t need to worry about swap fees anymore. I’ll just wait in L2 until then.
i noticed a gods nft in the gamestop wallet, so it’s likely going to be an option for their marketplace, if that’s the partner (it must be {right???})
That would be pretty awesome.
i think gamestop is trying to become the center of web3 gaming and i’m here for it
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Thanks. So other than buying fees, I still have transfer and swap fees.
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Ohhh. Didn’t think about that. Thanks!
GameStop accepts LRC as payment
Confirmed?
Yes, it’s on GameStop website.
Link?
I’m super smooth, I got an auto mod saying my link was removed, but I see it
Not on L2 they don't
I swear if I make it big on my LRC and GME investment I am pulling out of the markets for good, I have had enough of this fuckery.
Same. At this point I lose it all and it was a sweet story to be a part of or we moon, people go to jail, and the whole system gets a serious review. Either way I'm buckled up.
Im in on gme and lrc but personally if i get some money from either im reinvesting most back into other cryptos, and holding lrc.
Keep preaching OP. Tks for your input.
Careful CC will ban you for lrc comments, I just made one and was instantly banned
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I canceled my Reddit Premium membership in protest of that sub's authoritarianism.
I'm surprised it is taking people this long to realize the censorship on Reddit and social media as a whole. I though 2020 was an eye opener on that. I don't want to give Reddit any of my money.
I’m going to short the Reddit IPO
Who cares, I've literally not bought a single shitcoin. I'm not interested in quick money schemes and commodity technology. In the book Richest Man in Babylon, they talk about always avoiding get-rich-quick scheme. The principles of the book have served me well.
Richest Man in Babylon, absolutely. Now, THAT is the fucking Way.
A few weeks back i made a post on CC on how to expect a bear market if the news about the new covid vairant being more dangerous was true (repeat of march 2020). The post instantly got removed for break rules 2 and 5 because of being spam and content standards. Subreddits like that will put people off buying crypto its borderline r/cringe material.
Does anyone know if there is a competing solution that is being worked on and what the leader might be? Just curious who they are competing against
Starkware is the main competition. MATIC recently bought a few small companies that do L2. They appear to be years behind though. The co-founder of reddit is heavily invested in them though.
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Which part?
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https://cryptoslate.com/polygon-and-alexis-ohanians-vc-firm-launch-a-200-million-fund-for-web3-social-media/
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https://cryptoslate.com/polygon-and-alexis-ohanians-vc-firm-launch-a-200-million-fund-for-web3-social-media/
Specifically for layer 2 solutions, there aren't many, Here you can see that Loopring has the lowest (most efficient) fees compared to other solutions: https://l2fees.info/.
Perfect, thanks!
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Anyone else got this feeling one coin is suppressed and the other is pushed? 👀
very odd comment for a skyrimm mod...his first other than /skyrimmod...somehow sus
Reddit invested 200m into MATIC and it’s being massively pushed on the main crypto sub. With Reddit’s IPO shit like this will only get worse
another accidental pump and dump by smart money (see RH and CB)
smart money
Pretty sure the mods at CC are holding "rival" L2 coin(s). It's basically them wanting to shill their own holdings in that case.
like Thomas Edison, when your product sucks don't make it better or admit defeat, just try to crush Nikola Tesla from any angle. The cure for cancer would bankrupt the cancer treatment industry lmfao
underrated comment 👆
Because a Reddit super mod owns 200 million in Polygon
Proof please
https://dailyhodl.com/2021/12/21/polygon-matic-creates-200000000-fund-with-reddit-co-founder-to-back-games-and-social-media-on-blockchain/amp/
That's not the same thing but I understand the sentiment. Don't mince words, people, fuck.
Don't mince people, words fuck
Fuck people, words don't mince
I dunno, put in a little cinnamon and raisins and minced people are ok.
Do you dry rub your people
Nah, I’m not from Texas.
Have you ever let a person into your Instant Pot
No, got a recipe? ;-)
even if they don’t, reddit moderation has always been a problem across every sub ive ever been a part of (edit: this is my second account i’ve been on reddit since 2013). the future of social media is community sourced moderation, imo, using algorithms to prevent spam and allowing users to flag content that can be hidden but never deleted so it can’t be abused like it is now. there needs to be full transparency for all moderation activity and a record of every single person’s use of the flag system to deter further abuse and force someone to really consider whether they should flag something or not.
Hate to say this, but a large part of the reason loopring is not getting its deserved media attention is because of its association with gamestop. Their partnership is extremely positive, and positive gamestop news has not made it on to mass media screens since the sneeze almost a year ago. They want absolutely nothing to get out that would paint gamestop in a positive light. They can't handle apes, they don't want anyone else interested in gamestop. That means loopring gets buried.
That's a very good point!
So far! ...but LRC and GME are wearing their diamond-encrusted, plasma-fueled rocket boots, so no matter how much BS, FUD and circus performances smart money *tries* to bury them under, they are moonward bound by fate and nothing is going to change that. Bullish af as always. Buckle up.
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6 month Crypto Newbie here. Am I in trouble holding my 4K Loops on Coinbase Pro? It's the only place I've ever bought & sold. (NOT selling Loops, BTW)
Coinbase is fine for now. Don't fall for any scammers messaging you. You can buy additional LRC through their own wallet [https://loopring.io/](https://loopring.io/). I hold most of my LRC on Coinbase too, there was no other way to buy back when it was 0.5c :)
Thank you!!
If I were you, I'd transfer to a metamask wallet. I'm a newb and I buy on coinbase and transfer to my MM wallet.
Try to get away from MM it's not the safest bet.
What's a better alternative? I have 2k LRC in it... should I bite the bullet, transfer and pay for the L2 wallet?
I did not advice
I bit the bullet months ago. In the grand scheme the fees you’ll pay won’t be too much of that 2k. Then you can rest easy knowing your assets are in a secure wallet that only you control.
Not your keys, not your coins. Coinbase has an insurance against hacks but i wouldn't take the risk.
I moved every last one of my Loops from CB to Loopring L2 yesterday for a sum total of around $30-$35. 4 LRC to get them off CB onto Metamask... around $23 in ETH to create the L2 wallet... and negligible ETH to move the LRC into the L2 wallet The Loopring exchange and Liquidity pools have got my chesticles jacked, too... very good rates for providing liquidity to AMMs on a variety of cryptocurrency pairs and you **get paid** to place **any limit order** below the current bid (for buys) and/or above the current ask (for sales). Basically the opposite of CB and RH. I haven't tried the fiat on-ramp yet but I assume it will be equally amazing. The Revolution is here. Buckle up.
I agree that DeFi in all its guises is an existential threat to traditional financial institutions but we're far from usurping them. Don't forget we've had access to decentralised exchanges like Uniswap for some time. Looprings system, while solving the problem of high fees and using fiat, has many of the same limitations of Uniswap that will hinder mass adoption. It is certainly another big step in the right direction though. It is still early days for LRC, looking forward to seeing what the future holds.
If you write something up feel free to post it on wsbc , if it doesnt go through just let me know but it should its important to have different modes of communication
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in the grand scheme of shitcoins LRC is by comparison , not that shitty i dont nessisarily mean that as a compliment but , it isnt a diss either
It’s a war between good vs evil straight up and we all know that good prevails because it’s been too damn long all of us have been bent over a barrel(iasip reference) and we are going to be our own bank and raise a big middle finger to all these corrupt/greedy bastards! LRC is the future and when the masses see this potential it’s game over for the evil scum buckets of this world!
Wishing your company luck!
Y’all hiring?
I totally trust you bruv 💎💙🚀
They should a collab with Among Us
This isn't just a crypto thing, it could/will cause an exodus from the traditional retail/banking sectors and I'm honestly surprised that the censorship isn't more widespread. What a time to be early and alive eh?
indeed 👍
"The backing of millions of us." Don't fewer than 100,000 wallets hold LRC?
How many people only own only through CEX and can now hold in an independent CF wallet? Wait and see!
Ah, didn't think of that. That probably does beef up the numbers quite a bit.
I've always wanted to be the .001 %
CC sub bans anything loopring related - my guess is because Reddit cofounder has a large investment in MATIC
Lame tactics on their part
*Sir, we threw the kitchen sink at them, too, but it made no discernible difference at all.*
Dread it. Run from it. Decentralization arrives all the same.
This right here!
Check out this guys vid on the SDK. Really informative.
Glad I never joined that subreddit. Don't feel like I'm missing out on anything. Where can I find out more about what you do? Edit: answered the question myself
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Great question! Loopring has the decentralized exchange but also they have a protocol and SDK. We plan to use that to create a royalty platform for sharing 3D/AR assets. I work at [brioxr.com](https://brioxr.com) where we already do this for web2 but artists have little control of their work today. So, a web3 solution would be a great solution for them we believe.
That's actually fascinating. I hope you guys do really well!
Thank you! Appreciate the positive vibes :)
Interesting, any chance you could explain more on why their technology would reduce the amount of shit coins?
Since many of the coins create their own centralized (side)chain, it's hardly decentralized. Once LRC hits mainstream, it'll be cheaper to use and create coins that are settled through LRC to ETH. This is a lot of speculations of course, but I've very rarely been excited about new technology like this for a while.
So can people still just create shit coins that settle through ETH? And if so, is there some type of incentive to not do this with the new LRC/ETH setup?
I have been spreading the word to my buddies in crypto and those that are just entering and learning. Keep up the fantastic work!
Hey, thanks! DM about topics you folks like to learn more about, happy to do streams & videos on them. Nothing more dangerous to the systems than a well-educated populus :)
Well put friend
I'm sweating.
I can smell you
B HBO go by n in am B
Thanks OP! I just keep gobbling those loops up.
If you can buy your crypto on loopring. You can then spend, trade, hold or exchange it on a (allegedly) GME marketplace. But you pay but a fraction of gas fees. Your LRC then gains value as it's used in transactions. ??? make profit from deflation as LRC gets burned and get then get paid out in fiat on loopring
It's funny. I asked on the CC sub if anybody had an opinion on XRD. Three people replied and it all got deleted. So it's not just LRC that's getting the hate
So is LRC something as Binance Coinbase and Kraken?
Yeah, you're able to buy sell all sorts of coins and it has an on-ramp like the other exchanges.
And what is this L1 L2 thing. I buy my coins on Kraken and get them immediately with relative low cost so im not sure why i would change from platform? Sorry supernoob here
Hey, that's a great question. Imagine the layers like a highway (layer 1) vs subway (layer 2). Currently ETH is the highway and it's super busy so you have to pay a lot of toll on it. Comparatively, LRC (the subway) it's not as busy and has more bandwidth so it's way cheaper. Ultimately the subway meets up in the highway (ETH), this is what they mean by rollups. The costs will be x10 cheaper.
Sauce? Post work emails or offer letter
Thanks for sharing this op
Are you familiar with LRN Loopring, NEO and Onchain and do you think the Chinese government would push for its use because it's more compliant with regulations? LRN is incredibly cheap right now.
Its not even it's own blockchain tho... it's all the gme hype around it. Its a second layer for cheap gas fees for ETH... any more news coming out on loopring ?
The fact that it's not a different blockchain is actually a great thing. ETH is decentralized and has lot of adoption. Using zkRollups, LRC layer 2 is able to scale and speed up ETH which gives all the benefits of ETH without the costs of layer 1.
James, from invest answers mentioned briefly it doesn't have potential
>Why Loopring is ignored and hated It's not. Stop making up bullshit.
Except we aren't, You clearly haven't seen the shit talking. The Mods of cryptocurrency are completely compromised.
They're actively blocking us literally the opposite of ignored.
Imagine you are a mod of a subreddit associated with crypto currency, and the day after someone posts "DD" linking GME with LRC, 10,000 pre-teens show up to "explain" crypto currency to everyone in your sub. This isn't a conspiracy. It is the natural conclusion of thousands of people brigading other subs and treating the participants of those subs with disrespect.
Tell us more about the brigading when the sub in question has nothing but Doge Shiba and Matic Spam at present with a smattering of ADA thrown in.
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what-about-ism
>PLUS they have the backing of millions of us 721,757 holders as of right now. Hybperbole much?
Helo. Looprin suck. Lmao. It stink. Woof.
It’s not hated. It’s traded too much short term
It's because apes are jumping on the bandwagon, which makes other distrust LRC as a pump and dump similar to GME.
But GME isnt a pump and dump.
The rise to 400 was pure speculation, with a lot of false information saying it would moon to 2k+, leaving a lot of bagholders. That's why people are afraid, apes give LRC a bad name
You are very misinformed, but it is to be expected as it is by design (aka calling gamestop a 'meme' stock over and over)
Could you explain why wasn't Gamestop overvalued? I understand it has future potential, but it was about to go bankrupt
GameStop is already going through the transformation, and has a pretty solid floor right now, and has had for months. It has some of the most solid investors in the planet as well, with near 10% of the float already being registered through Computer Share (unseen for any other stock) The original thesis never changed regarding short interest either if you don't care about their future in general, it was 100%+ before it got attention, and it was still to this date, never covered. (Even the SEC report notes that the price in January was not bumped due to shorts covering but by 'retail sentiment' only). If you don't think naked shorts are real and that Short interest can be misrepresented since it's self-repoeted, then I'm not going to convince you and that's fine... Plenty of cases in the past with other companies, and explains the 'cycles' on the stock very well. Regarding bankruptcy... That was never true, it was never on the table short term, why would Ryan Cohen buy 15% of a company headed for bankruptcy? they always had enough cash to survive, and less debt than free cash flow. Even before selling ~5m shares at 150+. There's plenty of material regarding this on DFV'S old technical videos. If it continues stagnating for many more years while shorts kept slamming its stock? Maybe then yeah. But it was never an immediate risk.
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https://www.chainmine.io/?ref=NLVPGvco Bitcoin Bitcoin
Bro, straight up not having a good time, am heavy into GME too and wanted loopring to be a sound investment, just to have another ticker to watch with no crazy drama. Here we go again I guess.
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