thanks for clarifying. I stopped looking at the PPS ratio after the dogecoin payout split. I did wonder why my L7 miners were doing relatively ok even after the introduction of the L9s 

Thinking of doing the same. I've been with this pool for 2 years, but development is slow af

this has to be one the most scammy projects i've seen recently

I'd attribute it to many factors.
- Miners were hit hard so they needed to sell their bags and find something else to mine/do.
- Some people value PoW and quit ethereum out of principle
- There are some concerns that Eth became not censorship resistance, especially after Tornado Cash
- Some people just wanted the EthPoW airdrop

This is a global market and you only saw or heard just the small fraction of it that was bullish.

has anyone actually tried to dabble in the governance of some PoS chains?
i find it a total shit show, and i'm slowly thinking it might be a buzzword to get you to buy in. here are some of my issues:

1. people who write proposals and people who vote are only the ones who know english. that means non-english speakers are excluded from deciding the future of a project.

2. some proposals are badly written and lack clarity or data. example: there was a proposal on Juno to hold lots of money from the treasury and fund developers with it who migrated from Luna after the Luna collapse. no mention of who these devs are, how many there are, what projects they'll be working on. yet everyone voted yes because it sounded good.

3. someone who doesn't want to be involved in governance and just liked the principles of the crypto project has to accept the fact that the project might be totally different in about 2 years after some proposal he/she doesn't agree with. This makes people micro-manage their money. Not everyone got the time or energy for that, especially if they're invested in more than one crypto and need to follow and read proposals for each crypto.

4. voters need to pay a fee to be able to vote. this means early adopters decide the rules for late adopters who are just observing the space before they get in. that's not inclusive/universal.

ultimately, humans are flawed and a monetary system with governance relies on humans. whereas something like bitcoin has governance that doesn't open the doors to random people to vote on proposal they might not even be bothered to read. also, participants have no idea how much power they vs. the devs have. remember how Solend bypassed the whole governance system to protect a whale from liquidation? does anyone have a case for governance?

when would it be possible to withdraw ltc to mweb addresses?

Big alts are buying bitcoin and using it as collateral, or wrapping it, or using it as part of their defi shenanigans.
Alts used to exist independently to compete with bitcoin, now they're drag it along with them and screwing bitcoiners.

too many variables, miners will find it less attractive to deal with eth, so you'll lose the miners market.
transaction fees will still be high after the merge, making ethereum less attractive.
PoS will make price predictions more difficult because a large portion of ethereum will be locked away for staking rewards.
fears the upgrade might have some bugs.
fears the merge will be delayed.
good luck catching the top or bottom with all these factors

The solution is to mine asic-resistant coins like raven or flux. Unfortunately mining those is not as profitable as eth right now

Terra is off the rails now. No amount of fundamentals or technical analysis can predict the price. People are just gambling, many are aware of this, some aren't

So Do Kwon posted this: https://twitter.com/stablekwon/status/1525238422264172544
The Luna Foundation Guard is "documenting the use of the LFG BTC reserves during the depegging event."

Does this mean more bad news for BTC's price action?

You know what's scary?
TRON and ADA are working on new algorithmic stable coins. Previously we had one and look what it's done, what will happen if we have double trouble? These new projects will have a serious reputation to build up, and whoever attacked UST won't sleep on new algo stables.

I still don't understand how this coin is popular. Litecoin still exist because it had a fair launch. Is over 50% of the coin's supply being reserved for VC's remotely fair? They still hold this percentage and can dump at any time.
Being faster than ethereum isn't a selling point. There are already cheap L2 solutions for ethereum.
The network going down so frequently also doesn't instill confidence.

We know algorithmic stablecoins are new and risky. UST is backed by Luna, and the foundation behind Luna bought so much Bitcoin I believe they're now amongst the top 10 holders.

If UST loses its peg against the dollar and Luna isn't enough to bring it back up, the foundation will have to sell some of its BTC to keep the peg, which applies sell pressure on BTC and brings it down along with the whole crypto market.

Is this what's happening now already?

Litecoin does have some development. People are just not as interested to look things up.
- LTC's global hashrate is at an all time high https://twitter.com/SatoshiLite/status/1521573077393416192
- MWEB went live a few days ago, making litecoin a privacy coin. This means when you transact with someone, they don't have access to your whole buy/sell history https://twitter.com/LTCFoundation/status/1521366615715049472
- Their website has been redesigned https://twitter.com/robertfcoleman/status/1521610435253862401
- LTC halving is happening in August of next year

Also, in my recent experience, litecoin hasn't dipped as hard as some of the other cryptos. So it provided a good opportunity for me to buy into cryptos that dipped hard (like ATOM). It's also one of the few old cryptos that stayed at the top 50.

While I agree LTC's development doesn't move as fast as other layer 1 cryptos, it wasn't meant to be an ever-changing smart-contract layer one solution. It was just meant to be a "bitcoin cash" alternative. Everywhere I go that accepts bitcoin also accepts LTC and it's arguably better suited for payments due to fast transaction time and low fees.
I expect LTC to make some interesting price action at the time of halving.

My worry is the BSC ecosystem could fall down in popularity due to the layer1 competition. I have a good chunk of CAKE and I'm trying to figure out what best to do with it.

In defense of litecoin:
- Solid network that didn't go down once since it went live
- Has been used as a testnet for bitcoin development
- Doesn't overhype itself. Promotes itself as the silver to bitcoin's gold
- Accepted as payment in many places due to speed and low fees (when was the last time you heard someone paying for coffee with ethereum?)
- Can be merge-mined with dogecoin

It's not actively developed because, like bitcoin, it was trying to solve the money problem and that it did. Not all cryptos need to be humongous projects that keep changing and introducing huge upgrades that may or may not be buggy.
 
When you buy stuff with fiat, do you think to yourself damn I wish this paper money had smart contracts?

So pancake swap recently slashed the staking APY heavily for the CAKE token (12% down from around 70%).
That's unless you choose their locked staking option. You can choose your lock-up period and the maximum is 1 year, where you'll be given 230% APY. This is an attractive offer but I'm not sure whether CAKE will hold its value in 1 year. Traditionally, the BNB chain was the only option if one wants to interact with smart contracts but not have to pay Eth's transaction fees. But now there are many competing layer 1's.
What do you guys think?

well, staking a good amount of money on an exchange doesn't seem to be a good idea. I prefer to keep my wallet local and delegate the crypto.

Thanks, some really good suggestions, especially the Ledger list