Can I get a Witness?: A Friday Finance Post
I don't know about you, but I am feeling like it's a really good time to be involved in crypto currency. It's sort of like a Rubik's cube where all of these little separate pieces are spinning around and then suddenly they fall into place.
Who am I kidding, I always sucked at Rubik's cube, I was more of a tear the thing apart and put it back together so that it was right sort of guy. Not to be confused with the peel the stickers off and put them back so everything matches people.
I'm not kidding though, I feel like there is something right on the edge of our periphery, these pieces that are slowly getting into alignment so that things can finally be the way they belong. I know I'm not the only one who feels this way. @kommienezuspadt has mentioned it too and when he did I really connected with what he said because as I mentioned, I have been feeling the same way.
Maybe it's just knowing the halving is right around the corner and we are steaming ahead towards the exciting part of the four year cycle. Then again, maybe it's just all in my head...
It is time again for another Finance Friday/Friday Finance. This is a series I started where I talk about random bits of financial stuff that I have seen, gathered, or experienced during the week. I hope as a reader you find it informational, entertaining, or both. I also hope it can generate some good discussion and edify the Leo community.
We had a bit of excitement earlier this week when BTC jumped up over $28K for the first time in a while. Actually, I just glanced at my feed on Live Coin Watch and it looks like we are there again. I started using LCW a while ago because even though I prefer Coin Gecko, LCW updates in real time without me needing to press the refresh button.
Sure, every now and then it freezes up, but for the most part, it is pretty solid.
Google Cloud/MATIC
I saw a headline the other day that Google Cloud is now a Polygon Network Validator. I'm kind of split on this. Half of me is excited about what this could mean for MATIC, but then again, Google Cloud also became a WAX Guild (basically a validator) a while ago and it hasn't really done much for the value of that token.
I've been saying for a while now that MATIC is one of those tokens I have been actively stacking during this prolonged bear market. I keep seeing a lot of news and partnerships in the Polygon space and that has me excited about what it could mean for the future of this token.
Of course, this is not financial advice and you should do your own research, but if I end up being right, just remember where you got the tip from!
VeChain
@cryptoandcoffee has been writing for a while now on the VET token. If you haven't checked out his blog lately, VET and COTI (and of course HIVE) are the two tokens he is really betting on for his plan of long term wealth. VET has a pretty long road map and we might not see a ton of action during the next bull run, but given the fact that Carbon Credits and concern about the environment probably aren't going away, It's bound to take off eventually.
Based on my own research after reading some of his posts, I decided to buy my first batch of VET. I had to buy it on Crypto.com and being in the US, it was a pain to get my funds over there and then acquire the token. At the time, I don't think you could buy it directly and I had to buy BTC and then use the BTC to trade into VET.
I then moved that VET to a custodial wallet outside of Crypto.com and started earning the VTHO token simply for holding VET. If you want more info on the ins and outs of it, check out @cryptoandcoffee's blog.
The good news is, you can now buy VTHO and VET on Coinbase. This makes it much easier for me to start filling my bags a bit more. In fact, I picked up about $40 of VET the other day and $20 of VTHO.
The biggest issue with Coinbase (besides all the fees) is the fact that holding VET in their wallet doesn't earn you VTHO, you need to move those tokens to the VeChain wallet or a different wallet to earn VTHO.
Again, not financial advice and DYOR, but I'm a bit bullish on this token right now.
A Brand New Witness
Finally, last and certainly not least, the reason for my courthouse picture in the opening of this post. @nuthman announced in this post the other day that he has started a witness node for Hive. For the longest time I have had my witness votes proxied to a third party, but I changed that first thing this morning so I could ensure I was voting for @nuthman as a witness.
You may have never run across him on here, but I believe in him enough that I went back to manually voting to support him. That should say something.
His wife is a brilliant artist and he is having his second go at being a father which is part of the reason he hasn't been as conspicuous as some other members of the chain.
He is also a developer and he created at least one or two tools that you may have used if you've been here long enough to remember that other chain that shall not be named.
If you are currently proxy'ing your vote, I encourage you to check with your proxy and see if they are voting for @nuthman. If you vote on your own, please consider adding him as one of your 30. Let's give him a warm welcome to the growing list of great people that have taken their love of this blockchain to the next level by becoming a Witness.
Sports Talk Social - @bozz.sports
I am also a fan of Live Coin Watch, it is my goto for the prices. That sounds good news about Matic, I have been stacking a little these last months. It does feel we are ready for the halving.. we have had a long enough runway for the build up anyhow! lol
I'm glad I am not alone on MATIC. It feels like it could be a really good play.
Yes, I also added some Arbitrum too but seems it cant be used yet but I sent some anyhow! lol
I've heard a little bit about that one. Good luck!
Thanks! Lets get this bullmarket started!
Whoop!
I’ll have to switch a witness vote over to that guy, congrats on the second kid!
I’m for making some money but in no way shape or form will I willingly be supporting a carbon credit dogma, once I heard about that crap I knew it was fucked and for control.
I'm glad to see you did your own research!
VET sounds interesting. Carbon credits are only going to become more important as the environmental issues get bigger and bigger, so that's a great area for a project to focus on. But I am already in too many places. Sounds difficult to get into anyway, especially since coinbase blacklisted me. I need to just focus on Hive and BTC. And some Doge, but that is mainly just for much wow and fun.
If you can put money into Doge, you should find a way to buy some VET. Especially at $.02 per token. You have to do what's best for you though. I understand.
I have a little Matic
Though it is small but I'm very happy that I'm holding that coin and I know it can do better
I have some MATIC too. It is one of the tokens I put $20 per month into. I've been buying it for a couple of years now.
Thanks a lot for the shout out! Everything on the witness seems to be running smoothly except for the price feed. Going to get that sorted out this afternoon.
I wouldn't feel too bad about that. A lot of witnesses don't have the price feed working I think. I am going to give you some more press in the coming weeks. I hope that is okay.
I can use all the help I can get! Thanks a lot. I did manage to get the price feed working earlier today, though. Full steam ahead!
Awesome news!
I am really beginning to feel the same excitement brewing in the crypto-space. There are more and more hints of not only Blackrock's spot ETF being approved but an entire batch of them being given the green light at once. Gensler needs some positive press at this point if he wants to stay in that position but he might just be ready to go back to a cushy job at one of the big banks again. Either way, if these spot ETF approvals happen leading up to the BTC halving the bull run will be spectacular...probably beyond what we've seen in several years.
Just talking about it is enough to get you excited. I'm pretty pumped. The biggest issue is to have patience. It will happen when it happens, I need to keep that in mind.
I’m pumped too @bozz. I’m trying to wrap my head around just how long people have had to accumulate this time. This bull run will change some lives. The really tricky thing this time will be massive inflation of fiat currencies, it will be another thing to consider for people making massive crypto gains.
Yeah, that is a good point. Things are getting pretty bad out there. My wife and I ran through McDonalds for the first time in a while the other night and it was almost twenty dollars for two meals.
It looks like it so much I almost believe it.
Matic and VET...... old school coins...with opportunity. My BET will be on a little less known coins like GLMR, Radix, EWT, Unibot and XTP still I do also hold Matic, VET and COTY ..... I am still too well-diversified.
I'm right there with you, so don't feel too bad!