/lit/ - Literature

>>19506889
Bump. I would appreciate knowing more about what I've sunk some of my monkey into.

>>19506889
Dude nobody in biz seems to know. It's all hype shit and token information. Imo the nft issues that have come up w no arguable defence against what's happening w it shows there needs to be some structure.
Idk about a book or even where to begin.

>>19506929
What exactly is it that ties crypto, NFT and this whole metaverse shit together? I don't get it.

>>19506943
You know I had to ask a programmer who dug into all that shit is/was rw, made ai trading bots (he said they're all shit and they mostly lose money). Anyways he tried to explain some bits to me but he didn't like nft's either. I think nft's may have some technological benefit (like your id gets on a blockchain, maybe a face scanner that can check itself to let you in non centrally) but whatever the hell happened w nft's and even bitcoin's green problem should've been predicted and avoided.

>>19506970
Do you think NFTs have a future or are they a fad? Crypto is here to stay but the more I read about NFTs the more it seems like bullshit overall

>>19507087
I think it's a fad until someone finds a way to use them beyond aesthetics. It could be good for copyright etc or borrowing books but idk desu

Commies are so fucking retarded. I just had to explain to them that abolishing money would be a terrible idea, and they honestly believes central banking abolishes money instead of it giving the state the ability to do whatever it wants with the money supply. I'm so tired these fucking retards. Commies are niggers to the highest degree. You can't be a communist without being a brain dead nigger.

>>19507087
Read bitcoin's original whitepaper. It's only like 13 pages long and tells you how all blockchain technology works.
>Do you think NFTs have a future or are they a fad? Crypto is here to stay
It's all a fad and always has been. Crypto's only usecase (what I use it for) at the moment is drugs on the darknet. Everyone else just wants to buy low and sell high, hoping society collapses.. which will somehow preserve the internet.. and people will still care about imaginary online tokens.. and that will get them rich during the apocalypse? At least everyone I talk to seems to think this way

>>19507121
Thanks
>only usecase
But a lot of cryptos seem to be founded on specific projects that tend to innovate in specific areas, yes?
>society collapses
I think that's retarded, however considering just letting your money sit in an account has it depreciate due to inflation, putting everything in a few reliable cryptos seems like a good way to make a bit of money in the long term.

>>19507121
>people will still care about imaginary online tokens.
You really fucking think people are going to care about fiat currency if society collapses? Cryptocurrencies are great because they allow tax evasion, and are great for encryption logarithms that make it impossible to censor information. More so, cryptocurrency speculation is great way of making passive economy. It has uses - its just that bums don't understand how to make money off it because they don't take the time to figure it out.

>>19507158
>bums don't understand how to make money off it because they don't take the time to figure it out.
Could you elaborate on this specific point please?

>>19506889

BAG HOLDIN': WHY INVESTING IN THE CURENCY OF CRIME IS SMART

By: Fentanyl Frank

bump

the bitcoin standard
michael saylor

>>19506889
Bitcoin is the CIA's own personal printing press and one of money laundering schemes for itself and its servants. The point for the CIA is some digital method that mimics or, in effect, essentially is alchemy. Bitcoin isn't quite that, more of a trial run.

Digital Gold by Nathaniel Hopper was the first book I read. Covers more of the history/key people in Bitcoin

How to DeFi by Coingecko is a good primer on Decentralized financei/Ethereum

I'm mainly a trader though so, my knowledge of the tech is minimal

the bitcoin standard.

disregard his anti-medieval views tho

>>19506889
Just read the original Bitcoin white paper.
It's written in such a way that you should be able to understand the basic outline of the mechanisms without necessitating much prior programming or computing knowledge.
From there, it essentially functions like any other security, albeit one that's basically going to be impossible to counterfeit, but its valuation would still be highly subject to speculation.
I'd be wary of people mystifying too far away from this, and unlike other sorts of investment exchanges, the crypto ones are not really regulated, so you have to beware of meme coins with few invested parties. There are several unscrupulous tactics that have long been known and illegal in, for example stock exchanges, for decades. A crypto exchange can trivially perform some very old school confidence tricks that wouldn't be auditable or illegal, but will fuck you

>>19506889
Read the whitepapers of
Bitcoin
ETH
LINK
and you'll get the jist, right now it's just hype cycles but if you aren't a midwit you can easily close a 10x a year.

>>19506889
The tl;dr of all coins is that they are a purely speculative investment with no value behind them besides the value that investors see in them. If the investors see no value in the coin, it crashes. It has no tangible real world value to back it up. You could argue this down the rabbithole that nothing has value except what people believe in it, especially in art (and therefore NFTs), but I'd argue that the value of gold or a big cap ETF is easier to see than a coin due to its real world implications beyond being a currency. Coins aren't even like trading in foreign exchange currencies where the political environment is the driving source of the exchange value. It just has whatever value investors want it to be, which makes it unstable and risky. This is why coins make poor bank account replacements and it makes it easy to understand why financially illiterate memers dump all their money into coins thinking they'll go to the moon and make billions. They're seeing it as a replacement for a holding account but neglecting (or ignoring) the fact that their bank value can abruptly crash and they'll be penniless.

>>19506889
https://cs251.stanford.edu/syllabus.html
here's a Stanford computer science course from this semester. slides from lectures available as PDFs. picrel is the textbook

>>19508112
Also stick to L1s and utility tokens, don't buy governance tokens unless you understand microeconomics.

>>19507158
>You really fucking think people are going to care about fiat currency if society collapses?
No but I don't think anyone is going to give a shit about blockchain technology either

>Cryptocurrencies are great because they allow tax evasion, and are great for encryption logarithms that make it impossible to censor information. More so, cryptocurrency speculation is great way of making passive economy.
Another good list of buzzwords nobody is going to give a fuck about after society collapses. Everyone having transparent access to every transaction is not a point in favor of crypto. Also your biggest scam shitcoin ever is also an example of "passive economy", what is your point here? You are not some intelligent savant with an intuition for the direction of society just because you made some money like I did on bitcoin bro, chill the fuck out

>It has uses - its just that bums don't understand how to make money off it because they don't take the time to figure it out.
Figured what out? That you think society collapsing is a legitimate point in favor of crypto is evidence you're just gambling. It's all a big slot machine to you

>>19508126
there's also a course on DEFI that is free. one of the professors is dawn song, leading figure behind oasis protocol.

https://www.youtube.com/watch?v=j_Gf7E1vAhE

also useful for understanding:
https://www.youtube.com/watch?v=sYaONqU--YI

>>19508258
neat, your link is probably better from a trader's standpoint. rose was a bizcoin i never bothered looking into

>>19506889
There is no book. Investing and trading in finance is better understood as a trade (as in a type of work) rather than a field of study. Can you imagine reading a book about woodwork other than a simple guide or encyclopaedia? Learn about it by doing it.
t. professional trader

>>19508276
sir buy rose sir do the needful

>>19507111
>what is hyperinflation
Retarded teenager fuck

Any book that discusses ponzi schemes

I work crypto full time. My literal job is 'cryptocurrency copywriter'. I write various content and advertising stuff for my company.

While books will help you understand crypto, the internet is more of your friend for this endeavor. That being said, just read any crypto book of Amazon if you want to get into the space.

'Token Economy' and 'Bitcoin Clarity' are both good, so is 'The bull case for bitcoin' and 'The sovereign individual'

>>19507087
nfts have a use as representation of individual things with easily verifiable signatures. imagine being able to buy or sell a land deed or a ticket to a performance and anybody can verify its the real thing and that the seller is the rightful owner on the spot. right now its theoretically possible to trade assets half way across the world in seconds witht he internet, but issues with trust and verification make it take much longer and require lots of beuraucracy. the current nft market on the other hand is basically gambling on signed limited edition art and is not worth getting into unless you want to buy one as a way to support an artist you like, with no expectation of making any money.

>>19508304
retard

>he didn't buy the dip

>>19509836
automated contracts will unironically turn the world into a hell

>>19507158
>Cryptocurrencies are great because they allow tax evasion
You can avoid taxes by just being paid in cash as well. It's pretty safe to say most people who think they're very clever are going to end up in prison. You can theoretically avoid taxes but practically most will fuck up in how they go about doing it.

>and are great for encryption logarithms that make it impossible to censor information.
This is the only truth. Crypto is an expensive way of doing something very simple. The only benefit is censorship resistance. Anything that's using a blockchain and isn't illegal is doing things the wrong way.

>More so, cryptocurrency speculation is great way of making passive economy
Meme speculation doesn't really need something like proof of work to function.

>>19509836
>imagine being able to buy or sell a land deed or a ticket to a performance and anybody can verify its the real thing and that the seller is the rightful owner on the spot
A land deed is a legal document, it's not just a free floating thing that self enforces it needs to be plugged into a legal system. A ticket for something needs to be fulfilled by the issuer. An NFT is basically just a receipt saying you paid for something... no one needs to acknowledge your receipt if they don't want to. You can't solve the trust issue with real things just the possibility of falsification of a receipt but with the added benefit of losing crypto keys into the void of immutability.

>right now its theoretically possible to trade assets half way across the world in seconds witht he internet, but issues with trust and verification make it take much longer and require lots of beuraucracy
You can't trade physical assets globally in seconds. You can just move digital IOUs around.

>>19508043
Do you reccomend any serious book on trading high volatiles assets?

Is there a book which explains what graph token does that others don't and why these are separate categories and what that looks like of the whole thing?

>>19506889
Bitcoin is programmed to be "Digital Gold".( A hard asset with a fixed monetary policy, and no counterparty risk) and it obvious Satoshi is influenced by Austrian Economics. So First understand Austrian Economics. (Murray Rothbard is a good place to start.)
Then I suggest...
>Bitcoin Standard
>Bitcoin White Paper
>Blocksize War
There's probably a decent book to explain the whole process of how Bitcoin works, but I mostly listen/read to lectures, articals, and podcasts made by Bitcoin developers like Adam Beck and Sjors Provoost.

Anyone investing in defi here?

>>19506889
Read the bitcoin whitepaper.

>>19507121
>>19508123
If people are looking to make good bank out of crypto, why not just play the stock market while leveraged up to their tits?
All BTC has done in the past 6 months is follow the general market sentiment, and at the very least with call options you can bet on solid companies with actual fundamentals, and it doesn't take a whole fucking year to see a mere 200/300% upside.
I just checked the BTC and ETH charts and compared it with some of my LEAPS and to my surprise my calls are outperforming both by a bit.
The only good play from the looks of it is getting lucky with some shitcoin that does a +20,000%, or knowing how to swing trade stablecoins.

>>19507087
the only legitimate usecase for nfts afaik is you can put your wow private server murloc juice or whatever on the blockchain and then when your server shuts down you can join another one and still have all your shit. nft art is unbelievably retarded and none of the other use cases ive looked into make any sense either, other proposals itt would be better served by centralized and non-blockchain decentralized systems
>>19508304
retard

>>19516498
>leveraged trading
great way to lose everything

all books will be worthless, since trading the crypto is basically what matters at the end of the day
spend your months with schizo meme lines and indicators on tradingview and you will come out as a new man

>>19516498
the thing is for the stock market you need to get involved with brokers and all the retarded regulations like
https://www.finra.org/investors/learn-to-invest/advanced-investing/day-trading-margin-requirements-know-rules
no really read that and realize what a clusterfuck it is, just let me hit buy or sell with whatever leverage I want who fucking gives a shit


it's simply way more easy to scalp buttcoin on binance or bybit than whatever brokers boomers use for stocks

>>19506889
honestly, learn about elementary data structures, as blockchains behave like an infinite Linked list. The encryption aspect is the driver of economic value.