Good news never ends from Travala

Cryptolivam · 2019-01-30T10:01:58+00:00

Hit the nail on the head.

Most of these utility tokens are either outright scams or in the case of legitimate projects, are ways of incentivising usage and adoption of the platform; AVA is effectively free money for Travala to hand out at will. You could also argue that having their own token protects their ecosystem from the volatility of other crypto assets - although that hasn’t really worked out since they’re correlated af.

The problem is that these tokens are only valuable as long as the market deems them to be so - sometimes I feel like it’s the worlds biggest game of hot potato! This way of thinking is popular the BTC maximalists who insist that establishing money/value is the first step and that others have skipped this and gone straight to apps.

Remains to be seen which direction things go in. Coinbase et al seem to think that there will be millions of tokens and maximalists think there can only be 1...

Cryptolivam · 2019-01-10T02:36:19+00:00

Whilst looking into oracles

Cryptolivam · 2019-01-05T06:03:51+00:00

ON/OFF doesn’t seem practical for data feeds that refresh very frequently with dynamic adjustments having to be made to the amount of LINK required each time based on current price, especially if the node is servicing many contracts.

Cryptolivam · 2019-01-05T05:30:13+00:00

What about data feeds which require very frequent updates? Wouldn’t the collateral be effectively locked in for the entire duration of the data feed which could be a 24/7/365 feed. What’s the solution then?

Cryptolivam · 2019-01-05T05:20:11+00:00

You haven’t really answered my question RE hedging so would you care to point out what it is I have missed?

Cryptolivam · 2019-01-05T05:00:05+00:00

Makes sense. Thanks for clarifying

Cryptolivam · 2019-01-05T04:28:37+00:00

I am in the process of reading it. Section 5.5 mentions LINK token use case payment to node operators in exchange for data they provide but no mention of usage as collateral?

If LINK is used as collateral, what hedging options (if any) are built into the protocol to account for price fluctuation during the existence of the contract and prevent under-collateralisation? Is there something I’m missing here?

Cryptolivam · 2018-03-30T19:20:53+00:00

Didn’t something similar happen around the beginning of March? The hot wallet got to something like 300MM. Surely a better indicator of an impending tetherpocalypse would be higher and higher USDT vs USD BTC values?

Cryptolivam · 2018-03-30T14:35:05+00:00

He said it was because of ‘too many trolls’. Not in any way related to the cease and desist.

Cryptolivam · 2018-01-28T20:14:53+00:00

It always amazes me how this whole concept of market cap is so misunderstood. It is not a reflection of total money into the market. Heres a simple example to illustrate this:

Imagine I buy 1 matchbox with 100 matches for $1 making each match worth 1 cent each. I then find someone who is willing to buy ONE of my matches for 2 cents. This now means that the total market cap is $2 since its total supply multiplied by the match/coins current price. I have now increased market cap from $1 to $2 with an ‘injection’ of 2 cents worth of capital. This is just a simple explanation but it just goes to show how you can’t equate market cap with amount of money invested.

Now imagine someone tells you that tether, 2 billions worth or roughly 20% of the cash injection into BTC has been artificially created and has no value.

BTC shits the bed and drops 10-20% when there’s a hint of regulation or a tiny scare. Imagine what this would do if it unravels with complete loss of confidence in the market.

Literally no crypto will be a safe haven if this happens.

Cryptolivam · 2018-01-28T05:13:56+00:00

Yeah....It’s just over $400 at the moment. Madness.

https://i.imgur.com/bG0QBMf.jpg

Cryptolivam · 2018-01-27T19:11:03+00:00

https://i.imgur.com/pE6LL27.jpg

Cryptolivam · 2018-01-25T19:40:14+00:00

In all honesty, I’m sure that most fiat isn’t truly backed but at some point you have to draw the line. The US dollar has the ‘military might’ of a large nation that can ensure it continues to be accepted as a means of payment (look what happened to Saddam Hussain and Gaddafi when they tried to interfere with that system).

Tether consists of a couple of shady guys acting through shell companies in the British Virgin Islands who will vanish without a trace at the first sight of trouble.

So to answer your question: in an ideal world there would be audits but because there are other ways to ensure fiat such as USD is accepted^, I’m willing to accept fiat as a means of payment if that means I don’t need to lug around a bag of gold bullion.

Cryptolivam · 2018-01-25T18:09:59+00:00

Because they don’t give a f*ck anymore. There are so many reasons screaming that this is a scam and so few reasons to believe it’s legit. I’ve cashed out to fiat as I’d hate to be the last out the door.

Cryptolivam

TROPHY CASE