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Ledgers are nice. I've got an S and an X, though with current offerings, I'd probably get the S+. More memory than the older S and no Bluetooth like the X has.
And before someone makes an uneducated or snarky comment about memory not mattering for storing coins, it does if you have assets on multiple chains. Many chains require their own App on the device, and the older S model could only have 3-4 at any given time due to it's limited memory. You'd have to delete and replace apps or use multiple devices. It was enough of a complaint they bumped the Memory up on them for the S+ |
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Originally Posted By woodsie: Crypto Obituary #466 The week the crypto dream died Pack it up boys, it's dead for real this time. View Quote so how is your investment doing ytd? been a good thing or bad? |
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Originally Posted By tooldforthis: so how is your investment doing ytd? been a good thing or bad? View Quote View All Quotes View All Quotes Originally Posted By tooldforthis: Originally Posted By woodsie: Crypto Obituary #466 The week the crypto dream died Pack it up boys, it's dead for real this time. so how is your investment doing ytd? been a good thing or bad? Terrible, but since I actually bought my BTC in 2013-2015, it's up 8500% give or take. I've been through worse crashes in 2014 and 2018. You can't taunt me with how 2022 is going. BTDT twice before. |
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Originally Posted By woodsie: Terrible, but since I actually bought my BTC in 2013-2015, it's up 8500% give or take. I've been through worse crashes in 2014 and 2018. You can't taunt me with how 2022 is going. BTDT twice before. View Quote The drop below $3k hurt....but now it's just funny. |
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Originally Posted By Obo2: So whats like the retard 101 way to get coins off coinbase and store off of the exchange? View Quote @Obo2 1) buy 3 Ledger S+ 2) How to Buy Bitcoin on Coinbase and Safely Store it in Your Ledger Nano S 3) get a Safe deposit Box and put 1 of your unopened Ledger S+ in it for safekeeping 4) hide your second, unused one elsewhere safe |
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Originally Posted By UmbertoFoster: The drop below $3k hurt....but now it's just funny. View Quote View All Quotes View All Quotes Originally Posted By UmbertoFoster: Originally Posted By woodsie: Terrible, but since I actually bought my BTC in 2013-2015, it's up 8500% give or take. I've been through worse crashes in 2014 and 2018. You can't taunt me with how 2022 is going. BTDT twice before. The drop below $3k hurt....but now it's just funny. The worst for me was 2014. There was no well established history of booms and busts at that point and there was a legitimate concern that the idea of crypto was dead. Two boom bust cycles later and four in total, it's hilarious to me that people think that 2022 is some big gotcha. Even the FTX debacle isn't some new phenomenon in crypto. Back in 2014 we had Mt. Gox which was a similar deal with customer assets not being backed and a con artists piece of of shit running a poorly regulated foreign exchange. |
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Originally Posted By woodsie: The worst for me was 2014. There was no well established history of booms and busts at that point and there was a legitimate concern that the idea of crypto was dead. Two boom bust cycles later and four in total, it's hilarious to me that people think that 2022 is some big gotcha. Even the FTX debacle isn't some new phenomenon in crypto. Back in 2014 we had Mt. Gox which was a similar deal with customer assets not being backed and a con artists piece of of shit running a poorly regulated foreign exchange. View Quote |
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Originally Posted By CBags04: I would say Mt Gox was a much bigger deal as they were THE exchange at the time. Estimated 70% of all BTC transactions. View Quote View All Quotes View All Quotes Originally Posted By CBags04: Originally Posted By woodsie: The worst for me was 2014. There was no well established history of booms and busts at that point and there was a legitimate concern that the idea of crypto was dead. Two boom bust cycles later and four in total, it's hilarious to me that people think that 2022 is some big gotcha. Even the FTX debacle isn't some new phenomenon in crypto. Back in 2014 we had Mt. Gox which was a similar deal with customer assets not being backed and a con artists piece of of shit running a poorly regulated foreign exchange. Yeah, that's probably true. It certainly was the entire face of the crash. |
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Originally Posted By woodsie: Yeah, that's probably true. It certainly was the entire face of the crash. View Quote View All Quotes View All Quotes Originally Posted By woodsie: Originally Posted By CBags04: Originally Posted By woodsie: The worst for me was 2014. There was no well established history of booms and busts at that point and there was a legitimate concern that the idea of crypto was dead. Two boom bust cycles later and four in total, it's hilarious to me that people think that 2022 is some big gotcha. Even the FTX debacle isn't some new phenomenon in crypto. Back in 2014 we had Mt. Gox which was a similar deal with customer assets not being backed and a con artists piece of of shit running a poorly regulated foreign exchange. Yeah, that's probably true. It certainly was the entire face of the crash. Bitcoin survived Mt Gox. I was unfortunately not there, but given the point in which it happened in Bitcoin's life cycle it was a make or break time period for the asset. This present situation is a lot less significant. Bitcoin has global branding and everyone has heard of it at this point. This is a blip. |
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(Buys blip)
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Originally Posted By woodsie: Crypto Obituary #466 The week the crypto dream died Pack it up boys, it's dead for real this time. View Quote Yes, that means the bottom is near. |
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Originally Posted By Jagrmaister: Bitcoin survived Mt Gox. I was unfortunately not there, but given the point in which it happened in Bitcoin's life cycle it was a make or break time period for the asset. This present situation is a lot less significant. Bitcoin has global branding and everyone has heard of it at this point. This is a blip. View Quote |
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LOL!!
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So should I be buying Bitcoin now?
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Originally Posted By Luopo: So should I be buying Bitcoin now? View Quote Depends on your time horizon. If you've got a short attention span like the people focused on the last 12 months instead of the last 12 years, I'd probably sit tight. Crypto winters are long and hard. If you are looking forward to the next halving event which is in 2024 and beyond then I think now is as good a time as any. Might go lower, might not, but either way Bitcoin is unlikely to remain hanging around $15k-$17k through the next block reward cycle (2024-2028) for better or worse. |
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Originally Posted By woodsie: The worst for me was 2014. There was no well established history of booms and busts at that point and there was a legitimate concern that the idea of crypto was dead. Two boom bust cycles later and four in total, it's hilarious to me that people think that 2022 is some big gotcha. Even the FTX debacle isn't some new phenomenon in crypto. Back in 2014 we had Mt. Gox which was a similar deal with customer assets not being backed and a con artists piece of of shit running a poorly regulated foreign exchange. View Quote View All Quotes View All Quotes Originally Posted By woodsie: Originally Posted By UmbertoFoster: Originally Posted By woodsie: Terrible, but since I actually bought my BTC in 2013-2015, it's up 8500% give or take. I've been through worse crashes in 2014 and 2018. You can't taunt me with how 2022 is going. BTDT twice before. The drop below $3k hurt....but now it's just funny. The worst for me was 2014. There was no well established history of booms and busts at that point and there was a legitimate concern that the idea of crypto was dead. Two boom bust cycles later and four in total, it's hilarious to me that people think that 2022 is some big gotcha. Even the FTX debacle isn't some new phenomenon in crypto. Back in 2014 we had Mt. Gox which was a similar deal with customer assets not being backed and a con artists piece of of shit running a poorly regulated foreign exchange. I was just telling someone yesterday that FTX was another Mt. Gox. Although this time, it looks like the DNC was involved, and there will be a much stronger push for regulation. They need to ensure their money laundering doesn’t get caught next time. |
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We're getting close, real close. And now for some more bad news... Ready?
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Watching folks try and pull money out of failing exchanges is delicious.
Yet, telling these idiots and fools to trust no "un-bank" is like telling them to pay off their credit cards. They just wont listen. I was using an old laptop and external backup drive for my wallet long before Ledger was cool. I now use Ledger and I dont look back. |
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3rd generation NRA life member
Screw it... just pass me another cup of coffee and to hell with Joe |
Originally Posted By woodsie: Terrible, but since I actually bought my BTC in 2013-2015, it's up 8500% give or take. I've been through worse crashes in 2014 and 2018. You can't taunt me with how 2022 is going. BTDT twice before. View Quote wasn't a "taunt" was an honest question I hop in and out of bitcoin and haven't held for more than a couple of days. This volatility has been a godsend for people who do what I do. Was just curious if your path was working at a level you felt confident with. |
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Originally Posted By Trunalimunumaprzure: Blockfi in trouble. https://www.coindesk.com/business/2022/11/15/crypto-lender-blockfi-preps-for-possible-bankruptcy-filing-after-ftxs-woes-wsj/ View Quote Glad I never got into any of these things. The free money seemed too good to be true which made me suspicious. Whenever I get tempted by such things I remember Robert Heinlein's famous TANSTAAFL creedo. There Ain't No Such Thing As A Free Lunch |
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Originally Posted By Trunalimunumaprzure: Blockfi in trouble. https://www.coindesk.com/business/2022/11/15/crypto-lender-blockfi-preps-for-possible-bankruptcy-filing-after-ftxs-woes-wsj/ View Quote I thought they already went belly up. Guess not. |
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Originally Posted By Default-Gateway: I thought they already went belly up. Guess not. View Quote They were in trouble and FTX bailed them out. There are some assumptions that a good portion of the missing money went to keeping a few of those companies in trouble floating. Problem is they either didn't do anything, or not enough to change their company practices and so when their financial lifeline of FTX disappeared they once again are in a non sustainable financial position. |
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Originally Posted By Trunalimunumaprzure: Blockfi in trouble. https://www.coindesk.com/business/2022/11/15/crypto-lender-blockfi-preps-for-possible-bankruptcy-filing-after-ftxs-woes-wsj/ View Quote I chuckled at their email today. |
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Originally Posted By C3H5N3O9: I was just telling someone yesterday that FTX was another Mt. Gox. Although this time, it looks like the DNC was involved, and there will be a much stronger push for regulation. They need to ensure their money laundering doesn’t get caught next time. View Quote True. At least Mt. Gox was just good old fashioned hacking. Mophead was competing with Soros to be the top leftist campaigner. Imagine being a conservative client and not only losing your wealth but knowing damn well it was funneled to your enemies to help throw the election. Politics and speculators/manipulators have made a joke out of crypto confidence inspiration. Maybe by design. Got to destroy the private image before you come in and save the day with the public FDIC "fix". Piggybacking on the same blockchain technology but with the central bankers in control once again. |
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BTC mempool is pretty slammed.
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Bitcoin went tits up?
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New CEO of FTX, John Ray III, said the following in the bankruptcy filling for FTX.
Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated, and potentially compromised individuals. This situation is unprecedented. View Quote FYI, this was the same guy brought in to handle the Enron bankruptcy and he thinks it's this bad. lol. |
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Originally Posted By Fallen: New CEO of FTX, John Ray III, said the following in the bankruptcy filling for FTX. FYI, this was the same guy brought in to handle the Enron bankruptcy and he thinks it's this bad. lol. View Quote View All Quotes View All Quotes Originally Posted By Fallen: New CEO of FTX, John Ray III, said the following in the bankruptcy filling for FTX. Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here. From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a very small group of inexperienced, unsophisticated, and potentially compromised individuals. This situation is unprecedented. FYI, this was the same guy brought in to handle the Enron bankruptcy and he thinks it's this bad. lol. Oh, how convenient. SBF didn’t kill himself. |
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We're getting close, real close. And now for some more bad news... Ready?
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In my facebook memories it popped up this was about the time 9 years ago when someone here cashed out like 22k BTC at ~$500ea.
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Originally Posted By tooldforthis: wasn't a "taunt" was an honest question I hop in and out of bitcoin and haven't held for more than a couple of days. This volatility has been a godsend for people who do what I do. Was just curious if your path was working at a level you felt confident with. View Quote View All Quotes View All Quotes Originally Posted By tooldforthis: Originally Posted By woodsie: Terrible, but since I actually bought my BTC in 2013-2015, it's up 8500% give or take. I've been through worse crashes in 2014 and 2018. You can't taunt me with how 2022 is going. BTDT twice before. wasn't a "taunt" was an honest question I hop in and out of bitcoin and haven't held for more than a couple of days. This volatility has been a godsend for people who do what I do. Was just curious if your path was working at a level you felt confident with. It was kind of phrased as a taunt but I appreciate the clarification and will take you at your word. Yes, I'm fine with it. Holding from $200/ea to $17,000/ea is A-OK with me despite the volatility in both directions along the way. You will find plenty of posts earlier on in this very thread where I anticipated that Bitcoin could drop to where we are today during a crash even back when we were riding high between $50k-$70k. I would say I'm on pretty well on record as not being blindsided by what's happening right now. |
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Anyone here using the Ellipal "Air Gapped" cold storage wallet?
If so, anyone has issues transferring Matic from Coinbase Wallet to the Ellipal wallet? In my case, it shows the transfer was completed and successful on both ends. However, no Matic has made its way into my Ellipal. This is a first for me. Two previous crypto transfers went through and processed successfully before doing Matic which has not shown up. |
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Originally Posted By HEATSEAKER: True. At least Mt. Gox was just good old fashioned hacking. Mophead was competing with Soros to be the top leftist campaigner. Imagine being a conservative client and not only losing your wealth but knowing damn well it was funneled to your enemies to help throw the election. Politics and speculators/manipulators have made a joke out of crypto confidence inspiration. Maybe by design. Got to destroy the private image before you come in and save the day with the public FDIC "fix". Piggybacking on the same blockchain technology but with the central bankers in control once again. View Quote View All Quotes View All Quotes Originally Posted By HEATSEAKER: Originally Posted By C3H5N3O9: I was just telling someone yesterday that FTX was another Mt. Gox. Although this time, it looks like the DNC was involved, and there will be a much stronger push for regulation. They need to ensure their money laundering doesn’t get caught next time. True. At least Mt. Gox was just good old fashioned hacking. Mophead was competing with Soros to be the top leftist campaigner. Imagine being a conservative client and not only losing your wealth but knowing damn well it was funneled to your enemies to help throw the election. Politics and speculators/manipulators have made a joke out of crypto confidence inspiration. Maybe by design. Got to destroy the private image before you come in and save the day with the public FDIC "fix". Piggybacking on the same blockchain technology but with the central bankers in control once again. The part that came after the hacking is what makes it comparable to FTX. IIRC, Mt. Gox was hacked a significant amount of time before they actually formally went under. One of the big scandals was how they KNEW they had been hacked and kept operating business as usual for a period of time hoping they could grow their way out of their problem before customers noticed. FTX was in the same boat in that last respect. SBF was hoping the market would turn around before anyone noticed that they were out over their skis. Funds are Safu guy decided to kick that rock over at the worst possible time and the rest is history. |
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Originally Posted By ARandomClaymore: Anyone here using the Ellipal "Air Gapped" cold storage wallet? If so, anyone has issues transferring Matic from Coinbase Wallet to the Ellipal wallet? In my case, it shows the transfer was completed and successful on both ends. However, no Matic has made its way into my Ellipal. This is a first for me. Two previous crypto transfers went through and processed successfully before doing Matic which has not shown up. View Quote Was the receiving address a Polygon chain address or ERC20 address? |
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The Five Wildest Things in the FTX Bankruptcy Filing
1. FTX lent billions of dollars in customer funds to Bankman-Fried’s hedge fund, Alameda Research. 2. FTX corporate funds were used to buy homes and “personal items” for executives. 3. Expenses were approved by emoji. 4. FTX's auditing firm Prager-Metis lived in the metaverse (Decentraland). 5. Most digital assets “owned” by FTX were not secured. |
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Originally Posted By crownvic96: In my facebook memories it popped up this was about the time 9 years ago when someone here cashed out like 22k BTC at ~$500ea. View Quote Umm, that's like 11 million dollars. I do not see the problem. |
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Originally Posted By InHocSigno: Umm, that's like 11 million dollars. I do not see the problem. View Quote View All Quotes View All Quotes Originally Posted By InHocSigno: Originally Posted By crownvic96: In my facebook memories it popped up this was about the time 9 years ago when someone here cashed out like 22k BTC at ~$500ea. Umm, that's like 11 million dollars. I do not see the problem. It's not, that guy was a legend and it never sucks to take a profit. I'd bet dollars to donuts he didn't cash out everything. As I recall it, he was a crypto "true believer" type so it wouldn't shock me in the slightest if he hung on to something. |
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Originally Posted By 1975: The Five Wildest Things in the FTX Bankruptcy Filing 1. FTX lent billions of dollars in customer funds to Bankman-Fried's hedge fund, Alameda Research. 2. FTX corporate funds were used to buy homes and "personal items" for executives. 3. Expenses were approved by emoji. 4. FTX's auditing firm Prager-Metis lived in the metaverse (Decentraland). 5. Most digital assets "owned" by FTX were not secured. View Quote |
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Guys I just want to say:
GNS has outperformed the entire crypto market in a 3 months time frame And Rabby wallet (a metamask replacement) is amazing. It has so many quality of life features over metamask that it's now my go to. It's run by the debank group and it's open source. I'm not going back to metamask. |
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Originally Posted By woodsie: It's not, that guy was a legend and it never sucks to take a profit. I'd bet dollars to donuts he didn't cash out everything. As I recall it, he was a crypto "true believer" type so it wouldn't shock me in the slightest if he hung on to something. View Quote View All Quotes View All Quotes Originally Posted By woodsie: Originally Posted By InHocSigno: Originally Posted By crownvic96: In my facebook memories it popped up this was about the time 9 years ago when someone here cashed out like 22k BTC at ~$500ea. Umm, that's like 11 million dollars. I do not see the problem. It's not, that guy was a legend and it never sucks to take a profit. I'd bet dollars to donuts he didn't cash out everything. As I recall it, he was a crypto "true believer" type so it wouldn't shock me in the slightest if he hung on to something. IIRC he had mined all those BTC himself from the early days. He posted what he had into all the rigs and how long he'd been mining etc and someone figured out he could have just bought his BTC for what he'd paid for the mining rigs. He did not care. I seem to remember he cashed out at 1k not 500 but my memory isnt what it used to be. |
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In light of the FTX fiasco,
What’s the latest with Celsius bankruptcy ? |
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"You have to understand most people are not ready to be unplugged, and many of them are so inured, so hopelessly dependent on the system, they will fight to protect it." ~Morpheus
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Originally Posted By captainpooby: IIRC he had mined all those BTC himself from the early days. He posted what he had into all the rigs and how long he'd been mining etc and someone figured out he could have just bought his BTC for what he'd paid for the mining rigs. He did not care. I seem to remember he cashed out at 1k not 500 but my memory isnt what it used to be. View Quote View All Quotes View All Quotes Originally Posted By captainpooby: Originally Posted By woodsie: Originally Posted By InHocSigno: Originally Posted By crownvic96: In my facebook memories it popped up this was about the time 9 years ago when someone here cashed out like 22k BTC at ~$500ea. Umm, that's like 11 million dollars. I do not see the problem. It's not, that guy was a legend and it never sucks to take a profit. I'd bet dollars to donuts he didn't cash out everything. As I recall it, he was a crypto "true believer" type so it wouldn't shock me in the slightest if he hung on to something. IIRC he had mined all those BTC himself from the early days. He posted what he had into all the rigs and how long he'd been mining etc and someone figured out he could have just bought his BTC for what he'd paid for the mining rigs. He did not care. I seem to remember he cashed out at 1k not 500 but my memory isnt what it used to be. Yeah, it's tough to make mining pay even back then. I recall he was selling in November/December 2013 so it could have been anywhere between $500 to $1000 as things were moving pretty fast. I still remember being out to dinner with my cousin and joking that I was "up a car" since we sat down because it had gone up some crazy amount in a matter of an hour. If you can still find hourly data from that time-frame you can see there were some pretty crazy swings. People just getting in this last cycle have no idea. |
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Originally Posted By SERVED_USMC: Was the receiving address a Polygon chain address or ERC20 address? View Quote View All Quotes View All Quotes Originally Posted By SERVED_USMC: Originally Posted By ARandomClaymore: Anyone here using the Ellipal "Air Gapped" cold storage wallet? If so, anyone has issues transferring Matic from Coinbase Wallet to the Ellipal wallet? In my case, it shows the transfer was completed and successful on both ends. However, no Matic has made its way into my Ellipal. This is a first for me. Two previous crypto transfers went through and processed successfully before doing Matic which has not shown up. Was the receiving address a Polygon chain address or ERC20 address? @SERVED_USMC Whichever is supported on Coinbase when I purchased them. I tried looking on CB and it doesn't state. My guess would be ERC20. Ellipal states it supports ALL ERC20 Tokens on the Titan Wallet. Edit: Confirmed ERC20 on Ethereum |
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