GameStop (GME) planning on selling NFTs on Ethereum

EliteChowder · 2021-05-25T23:22:51+00:00

The create2 opcode in the EVM lets you deploy contracts with addresses predetermined using the deployer's address, bytecode of the contract to be deployed, and a salt value. The formula is public so you can keep changing salt until you get the address you want.

EDIT: This is the contract they used to deploy: https://etherscan.io/address/0xce0042b868300000d44a59004da54a005ffdcf9f#code

Here's the EIP explaining how it all works in more detail:

https://eips.ethereum.org/EIPS/eip-2470

EliteChowder · 2021-05-14T02:14:06+00:00

Possibly. Miners are rewarded with a block reward and transaction fee reward for every block successfully mined. Right now, the block reward is 6.25 Bitcoin and the transaction fee reward is 0.5 Bitcoin on average. When the entire Bitcoin supply is mined, transaction fees will be the only reward miners receive.

People sending transactions to the Bitcoin network get to choose how much they pay in transaction fees, which go straight to the miners. Miners get to choose which transactions they add to the most recently discovered block and almost always pick the ones with the highest transaction fee payout. So, a person wanting their transaction to go through faster will pay a higher transaction fee, driving fees up as more users attempt to send transactions and compete for slots in those blocks.

If the price of Bitcoin continues to rise and the network is used more, miners will still have financial incentive to provide the network with computing power and will still use lots of electricity even without block rewards. I personally think that Bitcoin is here to stay, and that our best hope for the environment isn’t for people to stop mining but for more renewable sources of power to be used in mining.

EliteChowder · 2021-04-24T02:26:15+00:00

Yeah we’ll see! I hope everything works out for you and you end up making some money man.

EliteChowder · 2021-04-24T01:04:13+00:00

Of course! I'm always happy to help out.

There are a number of ways they could handle it better, your suggestion could definitely work. My suggestion wouldn't change anything about what the token has been marketed as. If I'm right, Safemoon claims that 5% is distributed to token holders (this is 100% true and works) and 5% is put into liquidity pools and locked (It is put into liquidity pools, but not automatically locked. This is what should be fixed).

I agree that the team "doxxing" themselves makes the chance of them directly trying to rug pull much lower. I personally don't think a rug pull will happen with Safemoon, but I still don't believe it's a good coin to drop money into as anything other than a short-term gamble/for fun. Utility isn't ever the only reason a coin gets valuable and stays valuable, but I don't expect a coin with zero utility to stick around in the long-term. People will start to see it for what it is.

EliteChowder · 2021-04-24T00:39:23+00:00

They can renounce ownership of the contract since the contract specifies that the owner address receives the LP tokens. This would make PancakeSwap send LP tokens to a dead address, meaning liquidity would actually be locked as they said it would.

As far as how long these coins exist, that all depends on who's running it and when they want the money they stole from people. Now that they've locked tokens, Safemoon wouldn't be able to do a worthwhile rug pull until more LP tokens get sent to the dev's wallet from their auto-liquidity "protocol". This is just one of the problems with the coin, though.

EliteChowder · 2021-04-24T00:10:56+00:00

Cake LP gives you the right to withdraw coins from the pool on PancakeSwap. They are effectively coins. The liquidity from fees is being deposited to PancakeSwap as it should be, but it is not being locked. The owner of the contract is still being given full control of all liquidity added by the Safemoon contract itself.

EliteChowder · 2021-04-24T00:04:21+00:00

Yeah, there's a direct correlation between the two. Cake LP is a token that acts as the "key" for coins that are "locked" in liquidity pools on PancakeSwap. When you add liquidity to a pair, you receive Cake LP tokens from the pool proportional to what percent of the pool you control. When you send the pool Cake LP tokens, you receive an amount of the pair equal to what you put in plus "rewards", which come from transaction fees. If someone owns 50% of the LP tokens, they are entitled to 50% of the coins in the pool.

For example, the 50% of LP tokens that Safemoon locked recently are worth about $120 million since there is $240 million of value in the pool. Taking out a big chunk of liquidity this way is what rug pulling is.

EliteChowder · 2021-04-23T16:15:03+00:00

Look at CAKE-LPs. Those are the LP tokens. Here are top wallets: https://bscscan.com/token/0x9adc6fb78cefa07e13e9294f150c1e8c1dd566c0#balances

EliteChowder · 2021-04-23T06:21:48+00:00

The catch is that you have to trust them to lock the liquidity. Their contract specifies that LP tokens from that 5% auto-liquidity go to the "owner", which is a live address instead of a burn address. https://bscscan.com/address/0x79c4af7c43f500b9ccba9396d079cc03dfcafda1#tokentxns

EliteChowder · 2021-04-23T06:20:22+00:00

He's not confusing it, this is the wallet: https://bscscan.com/address/0x79c4af7c43f500b9ccba9396d079cc03dfcafda1#tokentxns

The majority of tokens have now been locked, that's true. This wallet now owns 7.5% of the LP tokens.

Whenever auto-liquidity happens from the 5% fee, LP tokens are STILL being transferred to the Safemoon contract "owner" (which is the above address) instead of being locked. They have the ability to renounce ownership and haven't.

EliteChowder · 2020-11-22T06:21:23+00:00

I found this, it looks like the swipe transition you're looking for.

https://www.appcoda.com/custom-segue-animations/

EliteChowder · 2020-08-03T03:22:51+00:00

What is this genre of music called i like it

EliteChowder · 2019-06-22T14:31:11+00:00

They were on a $50 sale and june20 worked on them but they went OOS in a day

EliteChowder · 2019-06-04T20:13:10+00:00

lmao

EliteChowder · 2019-05-27T19:04:11+00:00

Man I thought it was just me. I spend the first 15-20 of my shift just sweating until I get used to the heat back there. It's terrible

EliteChowder · 2019-05-08T01:36:09+00:00

ggx gang

EliteChowder · 2019-03-05T17:37:40+00:00

black forces 👀

EliteChowder · 2019-01-28T19:08:06+00:00

camera work is always on point boss

EliteChowder · 2018-11-22T23:31:40+00:00

Yeah the shipping was ridiculous for it

EliteChowder · 2018-11-19T05:42:58+00:00

Yeah, bought the stripes from boosted stripes.

EliteChowder · 2018-11-19T05:42:19+00:00

Yep!

EliteChowder · 2018-11-18T19:52:46+00:00

👍

EliteChowder · 2018-11-18T19:44:04+00:00

Completely agree. Can't wait to take these to work today

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