On 9/20/2021 at 7:59 PM, mattmcginley7 said:

1. Buy Ethereum on an exchange (Coinbase works well)

2. Download Metamask. (Make sure you write your password down TWICE and store in different places)

3. Go to uniswap.org 

4. Connect your Metamask wallet (you literally just have to press a single button to do it)

5. Send your Ethereum to your Metamask address 

6. Swap your Ethereum for HEX 

 

I'm a big fan of it, just was over 3000x a couple days ago. When PulseChain launches, it will fork Ethereum and every token that runs on Ethereum, so that includes HEX. So if you buy HEX before the PulseChain launch, you'll have your HEX that's on Ethereum's network AND you'll have the same amount of HEX on PulseChain's network. It's a big deal

 

7 minutes ago, VanHammersly said:

 

You just gotta do it. It makes sense the more you get into it

48 minutes ago, VanHammersly said:

 

Pretend there is a currency you want to buy like Space Bucks. These space bucks aren't recognized by the US, so there's no official exchange where you can take your USD and buy Space Bucks.

But Israel, being proud of Mel Brooks, recognizes space bucks and will let you trade some shekels for them.

So you go buy some shekels with your USD, and put those shekels in an Israeli bank. Then you can buy space bucks. 

 

 

4 minutes ago, DaEagles4Life said:

If you're getting 1.3% in retirement savings you're an idiot.

39 minutes ago, DaEagles4Life said:

 

 

Inflation makes debt easier to pay off, not harder. And the whole point of our current monetary policy is to push savings out of bonds and into riskier assets like equities. There’s a saying: don’t fight the fed. It exists for a reason. Of course it creates unintended consequences, but if you’re sticking your money in something that yields 1% you probably shouldn’t be investing your own money.

Just saying...

4 minutes ago, TEW said:

Inflation makes debt easier to pay off, not harder. And the whole point of our current monetary policy is to push savings out of bonds and into riskier assets like equities. There’s a saying: don’t fight the fed. It exists for a reason. Of course it creates unintended consequences, but if you’re sticking your money in something that yields 1% you probably shouldn’t be investing your own money.

Just saying...

I wouldn't say I'm cheering for inflation, but my debt is at locked-in rates, my job security is very good, and I'm diversified into some real estate holdings so.... 

inflation HURTS those on the other side of the retirement equation. most boomers who have retired the last 15 years or so have had it easy as inflation has been below targets for a long ass time. even with short term inflation being relatively high (not crazy high, but much higher than it's been), assuming a sizable chunk of inflation pressures are due to supply chain issues that resolve as the work force normalizes, we're well behind where we might have expected to be 20 years ago at this stage. 

but if you're facing retirement right now inflation fears may have you crapping your pants diapers a bit. you don't want to head into your twilight years having to chase inflation or pick up gig work. but such is life.

1 minute ago, JohnSnowsHair said:

I wouldn't say I'm cheering for inflation, but my debt is at locked-in rates, my job security is very good, and I'm diversified into some real estate holdings so.... 

As long as we don’t end up in stagflation it will benefit people who buy leveraged productive assets like real estate.

The splintering of the economy is a worry. Lots of unemployed and low wage workers who are going to get hammered from inflation and supply chain issues. But blue collar tradesmen like electricians, plumbers, etc should do well and obviously the highly skilled will do really well.

2 minutes ago, JohnSnowsHair said:

inflation HURTS those on the other side of the retirement equation. most boomers who have retired the last 15 years or so have had it easy as inflation has been below targets for a long ass time. even with short term inflation being relatively high (not crazy high, but much higher than it's been), assuming a sizable chunk of inflation pressures are due to supply chain issues that resolve as the work force normalizes, we're well behind where we might have expected to be 20 years ago at this stage. 

but if you're facing retirement right now inflation fears may have you crapping your pants diapers a bit. you don't want to head into your twilight years having to chase inflation or pick up gig work. but such is life.

Im not so sure it does. That’s the problem.

8 minutes ago, JohnSnowsHair said:

inflation HURTS those on the other side of the retirement equation. most boomers who have retired the last 15 years or so have had it easy as inflation has been below targets for a long ass time. even with short term inflation being relatively high (not crazy high, but much higher than it's been), assuming a sizable chunk of inflation pressures are due to supply chain issues that resolve as the work force normalizes, we're well behind where we might have expected to be 20 years ago at this stage. 

but if you're facing retirement right now inflation fears may have you crapping your pants diapers a bit. you don't want to head into your twilight years having to chase inflation or pick up gig work. but such is life.

Your expenses would most likely drop as you head towards retirement anyways and there's also TIPS as a backstop if you're really that worried about it.

7 minutes ago, TEW said:

Im not so sure it does. That’s the problem.

It will resolve, question is when. Some of the supply chain issues are domestic, some are not. 

How Covid impacted the economy and specifically the job market is fascinating, if you can divorce yourself from the obvious pain it's caused. So many people have basically been given the opportunity to pause their career, step back, and take an assessment of what they want to do. Many are making the rational choice to either not re-enter the job market (I believe numbers suggest women are opting to stay home as caregivers, as they figured out how to manage with one income and prefer the more "traditional"* route), or to change up their career path entirely. Long-haul trucking has always been one of the most turnover prone industries, but it's even worse now - at a time when increased demand needs them the most. 

 

* traditional in the sense of 1950s America. not necessarily traditional going back further, as women in the workforce was more common than most believe in the 18th and 19th centuries for example.

4 minutes ago, we_gotta_believe said:

Your expenses would most likely drop as you head towards retirement anyways and there's also TIPS as a backstop if you're really that worried about it.

sure, if you're a government cuck.

 

On 9/20/2021 at 7:59 PM, mattmcginley7 said:

1. Buy Ethereum on an exchange (Coinbase works well)

2. Download Metamask. (Make sure you write your password down TWICE and store in different places)

3. Go to uniswap.org 

4. Connect your Metamask wallet (you literally just have to press a single button to do it)

5. Send your Ethereum to your Metamask address 

6. Swap your Ethereum for HEX 

 

I'm a big fan of it, just was over 3000x a couple days ago. When PulseChain launches, it will fork Ethereum and every token that runs on Ethereum, so that includes HEX. So if you buy HEX before the PulseChain launch, you'll have your HEX that's on Ethereum's network AND you'll have the same amount of HEX on PulseChain's network. It's a big deal

I feel like I'm missing a step.  I have the Coinbase app.  Where does that come in with regards to the metamask app and uniswap?  Can I just buy Ehereum on Metamask?

3 minutes ago, Phillyterp85 said:

I feel like I'm missing a step.  I have the Coinbase app.  Where does that come in with regards to the metamask app and uniswap?  Can I just buy Ehereum on Metamask?

He's saying to send your ETH (that you bought from Coinbase) to your metamask wallet in Step 5.

You should be careful about using wallets and exchanges that you haven't fully vetted though. I've used coinbase for a while now, but this is the first I've heard of metamask and uniswap.

24 minutes ago, we_gotta_believe said:

He's saying to send your ETH (that you bought from Coinbase) to your metamask wallet in Step 5.

You should be careful about using wallets and exchanges that you haven't fully vetted though. I've used coinbase for a while now, but this is the first I've heard of metamask and uniswap.

Metamask and Uniswap are extremely popular 

20 minutes ago, mattmcginley7 said:

Metamask and Uniswap are extremely popular 

I'm still confused as to how to get the ETH from the Coinbase app to the metamask wallet.   Is there a disadvantage to just buying ETH on metamask and swapping for Hex?

30 minutes ago, Phillyterp85 said:

I'm still confused as to how to get the ETH from the Coinbase app to the metamask wallet.   Is there a disadvantage to just buying ETH on metamask and swapping for Hex?

The great thing about Hex is it filters out the people too stupid to acquire it so only the deserving get to reap the rewards.

1 hour ago, Phillyterp85 said:

I feel like I'm missing a step.  I have the Coinbase app.  Where does that come in with regards to the metamask app and uniswap?  Can I just buy Ehereum on Metamask?

Think of coinbase as the on/off ramp from dollars to crypto.

You use coinbase or another exchange to trade the dollars in your bank account to crypto.

Once you have crypto (ETH, BTC, USDC, etc) you can then transfer the crypto from coinbase to a hot wallet like Metamask. That takes it off the crypto exchange and puts it 100% under your control (for better or worse).

Uniswap is a decentralized exchange. You can trade your ETH for any other ETH based token on it.

So the flow chart is dollars in your bank —> buy crypto on coinbase —> transfer ETH on CB to metamask —> link metamask to Uniswap —> trade ETH from your hot wallet for HEX on Uniswap.

41 minutes ago, Phillyterp85 said:

I'm still confused as to how to get the ETH from the Coinbase app to the metamask wallet.   Is there a disadvantage to just buying ETH on metamask and swapping for Hex?

there is an option on CB to transfer your crypto. Copy the metamask address to use as the recipient so you don’t send it into oblivion.

Buying ETH on metamask will have higher fees if you use their processor.

21 minutes ago, TEW said:

Think of coinbase as the on/off ramp from dollars to crypto.

You use coinbase or another exchange to trade the dollars in your bank account to crypto.

Once you have crypto (ETH, BTC, USDC, etc) you can then transfer the crypto from coinbase to a hot wallet like Metamask. That takes it off the crypto exchange and puts it 100% under your control (for better or worse).

Uniswap is a decentralized exchange. You can trade your ETH for any other ETH based token on it.

So the flow chart is dollars in your bank —> buy crypto on coinbase —> transfer ETH on CB to metamask —> link metamask to Uniswap —> trade ETH from your hot wallet for HEX on Uniswap.

there is an option on CB to transfer your crypto. Copy the metamask address to use as the recipient so you don’t send it into oblivion.

Buying ETH on metamask will have higher fees if you use their processor.

Ahh gotcha.  Yes there is an option on CB to transfer crypto, so I’ll have to see if it can be sent to MetaMask.  But then I’m still confused as to what I’d need uniswap for, since one i have ETH in my MetaMask wallet, I can then swap it for Hex using MetaMask.  (Or is this related to fees as well?)

36 minutes ago, Kz! said:

The great thing about Hex is it filters out the people too stupid to acquire it so only the deserving get to reap the rewards.

Lol this was a good one.  Be more like this, and less like your usual self.

6 minutes ago, Phillyterp85 said:

Ahh gotcha.  Yes there is an option on CB to transfer crypto, so I’ll have to see if it can be sent to MetaMask.  But then I’m still confused as to what I’d need uniswap for, since one i have ETH in my MetaMask wallet, I can then swap it for Hex using MetaMask.  (Or is this related to fees as well?)

Metamask is just a wallet. Uniswap is an exchange. 

Think of it as your personal bank account and your brokerage account. Metamask is Chase and Uniswap is Fidelity. 

so I just played around with this, and somewhere along the way something was jacked. probably I screwed up with uniswap, which just hung when I tried to connect it to Metamask.

what I managed to do was send ETH to Metamask directly from Coinbase using the address. That went through no problem.

I transferred $300 worth of ETH to Metamask this way - ended up with about 0.095382 ETH.

I go to swap for HEX, first trying to buy with 0.094, but it tells me "I need more ETH to complete the transaction". I'm thinking it's the 0.85% or whatever fee, so I reduce it down. Same error. Since I'm just playing around I drop down a bunch to 0.065 ETH, and the transaction goes through. That should be a bit over $200 worth of HEX, leaving me with somewhere short of $100 ETH. 

But when I'm done I have less than $50 ETH. Where did my $50 or so go? I don't mind paying like 0.85% (could be lower, but whatever, this is play money). But I started with 0.094 ETH, bought HEX with 0.065 ETH, and now only have 0.0139 ETH. Less than half the ETH I should still have. 

Glad I didn't put more in, just wondering where I screwed up?

1 hour ago, Kz! said:

The great thing about Hex is it filters out the people too stupid to acquire it so only the deserving get to reap the rewards.