56 Comments
Apr 19, 2021Liked by BowTied Bull

Even though I dont exactly like centralized exchange, you still need them to buy your first coin and transfer to your own wallet right? There still needs a gateway from decentralized to centralized world because we still can't buy stuff with crypto, at least not (mature enough) yet in a purely decentralized fashion. I think of Coinbase as a necessary stage to go through to gain massive adoption. You can't just go fully decentralized in one shot. It takes time.

Expand full comment
Apr 19, 2021Liked by BowTied Bull

If you use IMtoken, they have “moonpay” so you can use fiat money to directly buy ETH and such. Or you can use coinbase to buy ETH but coinbase sucks and will charge you fees which will varies in size depending how much you buy and how much u transfer.

Expand full comment

Love the graphics. Do not draw unnecessary attention to yourself. Best to live "modestly" going forward. Rural area better and Starlink solves the internet issue. Few.

Expand full comment
author

Few.

Expand full comment

Buddy of mine only has an associates and kills it as a paramedic. He's unfortunately not that bright but he has no debt while the average person in our age bracket owes student loans. He even had a boat for a couple years before he realized they cost a lot of money.

I'm trying to convince him not to advertise he has crypto. Times are going to get tougher. Know when to dress up and when to dress down.

Expand full comment

I get it that you guys mention a lot about not flexing too much, although I think some of this could be mitigated with reasonable security and personal protection measures - BUT then I remembered that for a lot of people, this is the first time they've had sizable money ever, so best to warn them about giving $$$ to their loser friends from back in the day or not even being aware of the need for security measures. If I ran into money 10 years ago, I'd probably make those very same mistakes. I'd probably try funding some "startup" that some losers I knew from college wanted to do and it would be a total money sink. I'd probably buy way too much house...I could go on, but it would be stupid.

Expand full comment
author

Hello fren, we will explain how to correctly "flex" while remaining anon in the future. For now stick with blending in.... Will explain... Soon... In the future.

Expand full comment

As someone who grew up poor and about to land a huge windfall due to this asset just my opinion:

Know when to dress up and dress down. Look up greyman viddeos. Another theory is to look like you're hard but the big downside to that is you may find someone who calls your bluff.

Be very careful flashing certain high priced items on social media.

I'm currently thinking about whether I want to return back to some of the ritzy places I used to hang out at. Times are getting tough, criminals might want to stake out at high income businesses and rob soft targets.

Expand full comment

too much acronym usage.

Expand full comment
author

You gotta catch up all the guys on the edge of tech use acronyms all day. We did take your comment seriously and in the about section we added the most common acronyms just read it 2-3 times and you'll immediately know it down cold.

Expand full comment

Appreciate the reply and adding that section! Just trying to keep up, and happy to be part of this. Godspeed!

Expand full comment
author

No problem since you're a paid sub and your comment was legit we added it. We will say you do need to get used to it. This is how Twitter/crypto all communicate. If you don't understand an acronym let us know we'll add it to the about section over time. Hopefully this a fair set up.

Expand full comment

Very fair, and much appreciated. Been a long time follower of the blog generally, came over from the Red pill (Rollo) community but definitely need to up my understanding of the crypto spree which is why I'm here in addition to your postings on life/philosophy.

Expand full comment
author

Cool totally fine with asking which acronyms, so you can just pop in and ask. If we missed one we'll immediately add it to the about section.

Expand full comment

Frens: all remember you can stake your MCDEX in the community sale and pick up 25% more @ $10 apiece - instant $20 profit when it vests.

https://mcdex.io/communitysale

Expand full comment

@BTB What are your thoughts on ETF DeFi crypto's like $DPI, $DeFi++, etc. For newcomers like me I think this is a good path to just DCA with?

Expand full comment
founding

Would likely be better to start researching the DeFi aspects of their portfolio that they had shared and make your own decision. You can then research other projects you find interesting. Key theme as they always say is “not your keys, not your coins.” If your goal is coins, ETF runs counter to that goal.

Expand full comment

To what extent is Andrew Tate and his DeFi course and other crypto outreach “the guy on the left?”

Expand full comment

How can I transfer my Coinbase coins to a physical ledger or elsewhere?

Expand full comment
Apr 19, 2021Liked by BowTied Bull

ctrl+c+v into www.google.com

Expand full comment
author

lol!

Expand full comment

thanks for considering the random timing!

Expand full comment

I've been meaning to transfer my crypto from Coinbase into my wallets and cold storage. I'm just busy but I treat this as an ongoing learning project to protect my wealth. And yes, people need to be careful with advertising they're into crypto. I personally grew up broke and worked a lot of low paying jobs. I know people are going to hit me up for money years from now.

One of the smartest people I know is a money manager and he's into crypto. I'm looking forward to my future. Not eating grasshoppers!

Expand full comment

Got my *free* year sub covered by spending 15min testing V3 MCDex and providing some obvious suggestions to the team for a bounty. Step by steps and walkthroughs available on the team medium page. Couldn't have been easier, no excuses

Expand full comment

Flexxers will flex whether they drive a lambo or a '90 Corolla. Desperate for the wrong kind of attention. Sad!

Expand full comment

Patiently waiting for degen island

Expand full comment

Please don't let me wake up to another rush

Expand full comment

Hello bowtiedbull may I ask for your opinion on FET?

Expand full comment

Hello I am trying to buy stx and unfortunately since I live in New York I am having some difficulty and haven’t figured out how to do it yet. If anyone knows how I could please lmk

Expand full comment
founding

VPN

Expand full comment

Tangent question to the Bulls from the future. How does Singapore fall in 2035?

https://www.theonlinecitizen.com/2021/04/20/singapore-falls-to-160-in-2021-world-press-freedom-index-situation-classified-as-very-bad/

Economic freedom is great, I wonder if the lack of press freedom will affect proper feedbacks that keep its economy, society free, or maybe it's been like this for a long time and the government manages to separate both issues effectively?

Expand full comment

*"How does Singapore stand in 2035?"

Expand full comment
founding

short version - yes, could affect feedback but SG is very sharp in other ways and looks to be positioning itself well. Provided you're wealthy not an issue for most (goes for a lot of places)

couple of things here that might help / background context esp if considering a relo

1) visit and spend time there. Some people quite like it - others have a skin crawling / "aon flux" type reaction to it, describing it has having authoritarian undercurrents. It's not exactly a degen friendly party city - at times it can feel eerily sterile and over regulated comparatively (keyword, comparatively) to other cities in the region (which ironically, are under real authoritarian regimes). Headline tends to be good for first exposure / beginners to asia and young families.

2) press freedoms - yes; perhaps some challenges there (from memory part of it might have to do with media companies requiring a HQ in SG itself however see 1) - and yes, without good feedback loops governments, particularly authoritarian governments can get into trouble - having said this SG looks like it has a really forward thinking / very sharp government / governance / exec etc -

2a/ 3) read it a bit more about their history - Dominic Cummings does a good review of LKY's "from third world to first world" book - SG has had some great successes as a result of discipline and focus especially compared to other countries in the region. This goes someway to explaining some of their current laws and views

Expand full comment