A conversation about BTC and the spot ETFs effect so far.

about 1 year ago

[3:41 AM]akumagai: like gold, bitcoin being part of wall street and what not, I think means its price will be less volatile based on the trading action and what not in terms of its value.
[3:41 AM]akumagai:
Image
[3:41 AM]akumagai: I am liking its track so far
[3:42 AM]akumagai: I think the best thing for me to do in this regard is to make sure hive engine will have a greater share in its liquidity within the platform as it is decentralised as far as I can tell
[3:43 AM]akumagai: I am still not sure how the custodian wallet is being administered in HE but I would assume if it is done through code then it is good
[3:43 AM]Broke and Horny: need a link to hive engine server?
[3:44 AM]akumagai: if it is not then I would say I would have to do further analyses
[3:44 AM]akumagai: no I have it
[3:44 AM]akumagai: I have asked but people there do not explain well enough for me to understand the workings of the custodian wallets
[3:45 AM]akumagai: that handle the 1:1 backing of swap.btc held there in my wallet
[3:45 AM]akumagai: I mean if it functions like uniswap
[3:45 AM]akumagai: a smart contract controlled custodian wallet then it is good
[3:45 AM]akumagai: but if not? then, hmmm
[3:45 AM]akumagai: further research
[3:45 AM]Broke and Horny: I think it's difficult to get a straight answer if it's just someone from the community explaining than the actual people managing the wallets
[3:46 AM]Broke and Horny: because what they say can be used against them if they provided an inaccurate description and people will lurk and see
[3:47 AM]akumagai: I would say there needs to be a whitepaper released, if it has been released outlining this very question.
[3:47 AM]akumagai: Then I hope I find it since I have not been able to locate it
[3:48 AM]akumagai: I think leofinance tried to do that with their cub and wrapping of tokens
[3:48 AM]akumagai: but at the time I didn't have the motivation to find out indepth
[3:48 AM]akumagai: of its workings
[3:49 AM]Broke and Horny: Just keep a small amount, Hive Engine had a history of getting hacked
[3:49 AM]akumagai: hmmm
[3:50 AM]Broke and Horny: the hacker returned some of the amount, eth or was it btc
[3:50 AM]Broke and Horny: but it spooked aggroe
[3:50 AM]akumagai: was he the vicitim?
[3:50 AM]Broke and Horny: everyone who has deposited on the custodian wallet
[3:51 AM]akumagai: was this every posted on hive?
[3:51 AM]Broke and Horny: but he mentioned something about the incident not likely repeating again if using the same method because now there were co-signers
[3:51 AM]Broke and Horny: yeah it was posted on Hive but you need to backtrack months worth of aggroe's shitpost
[3:52 AM]akumagai: taht would be a good addition to hive, the abilithy to pin posts to the top, not just commujnity pages but users themselves
[3:53 AM]akumagai: either in their page or somewhere
[3:53 AM]Broke and Horny: I'm getting old at this blockchain but I know there's someone else here that can bring up a past where I get to say "shit that happened for real? where was I?" there's plenty of drama happening somewhere
[3:53 AM]wittyzell: there's bookmarks
[3:53 AM]Broke and Horny: we already have that, my blog has pinned an old post
[3:53 AM]Broke and Horny: if you're using peakd
[3:54 AM]akumagai: ahhh
[3:54 AM]akumagai: no I dont use it
[3:54 AM]akumagai: it has cookies
[3:55 AM]akumagai: I mean I only use it to claim the interest on HBD but not as a platform
[3:56 AM]akumagai: anyway better got o sleep now cos its 3 AM
[3:56 AM]akumagai: night