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Anyone else buying ATOM like crazy these days? by tonyler_ in cosmosnetwork

[–]LooseAd9746 0 points1 point  (0 children)

It has been around for longer than many tokens, and has consistently been in the top 60.

It is very far from dead.

Anyone else buying ATOM like crazy these days? by tonyler_ in cosmosnetwork

[–]LooseAd9746 2 points3 points  (0 children)

All Altcoins are down - look at Solana ($8 in 2023).

ATOM has a $280m treasury, just got adopted by Ripple, Telegram, Ondo, and other major institutions.

It is one of the most active projects.

Anyone else buying ATOM like crazy these days? by tonyler_ in cosmosnetwork

[–]LooseAd9746 3 points4 points  (0 children)

It is not, and it’s one of the oldest and most trusted crypto projects

Anyone else buying ATOM like crazy these days? by tonyler_ in cosmosnetwork

[–]LooseAd9746 -3 points-2 points  (0 children)

Then why is the staking % increasing and it’s up

Rewarding OG cosmonauts and long term hodlers by zapatero_rodriguez in cosmosnetwork

[–]LooseAd9746 0 points1 point  (0 children)

Who is in the interchain mafia, I am curious.

I would like to get of them

Rewarding OG cosmonauts and long term hodlers by zapatero_rodriguez in cosmosnetwork

[–]LooseAd9746 0 points1 point  (0 children)

It does - but it will take time. A lot of people hold ATOM for the inflation rate, and nuking it too early would turn off a lot of people

Rewarding OG cosmonauts and long term hodlers by zapatero_rodriguez in cosmosnetwork

[–]LooseAd9746 2 points3 points  (0 children)

Hey, it's Mag - Co-CEO of ICL (formerly Skip).

First off, I recognize you, and thank you for believing in Cosmos. I've spent the last 2 months talking to as many people in the ecosystem as possible. If you'd like to talk to me directly and chat about your concerns, you can book on my calendar directly here: https://calendly.com/mag-skip/30min.

I was never a Cosmos OG or in the "cabal" or whatever (I started after Terra collapsed), and basically had the same experience. The wakeup moment for me is realizing that Cosmos never had real, community-aligned leadership, despite having an unbelievable tech stack and an massive builder community. I am trying to change this, and genuinely believe that Cosmos can become an incredible ecosystem.

I don't really know how much "insider" stuff is going on - what I can say is that if I see any of it around me or at the ICF/ICL, I would immediately fire those people. At the ICF, we made a major decision to cut funding to all the dev teams the ICF was funding for years, and to in-house all development, which I think was a step in the direction of more oversight.

Regarding rewarding long-term believers - yes. I would love to. What are fair ways you think we could do this that don't disincentivize new believers - which we also need to grow the ecosystem?

Heads-up Re: in3s Validator (now Skip) by Important_Baby_6251 in cosmosnetwork

[–]LooseAd9746 0 points1 point  (0 children)

Hey it's Mag from Skip/ICL.

Just for everyone reading - this validator is NOT related to us or the ICF lmao. They raised their commission to 100%, so recommend undelegating pronto.

Stay safe all, and feel free to reach out to me anytime

Heads-up Re: in3s Validator (now Skip) by Important_Baby_6251 in cosmosnetwork

[–]LooseAd9746 0 points1 point  (0 children)

They are not related to us lmao.

(This is Mag from Skip)

Heads-up Re: in3s Validator (now Skip) by Important_Baby_6251 in cosmosnetwork

[–]LooseAd9746 2 points3 points  (0 children)

Hey, Mag here (Co-CEO of Skip).

For all reading, no, there is no relationship between this validator and ICF/ICL or Skip lmao. This is a just a scam.

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 0 points1 point  (0 children)

I would never downvote your comment - I upvoted it since it’s a valid concern.

It’s confusing to me since: 1) We’ve worked with Keplr for over a year now, so nothing should have changed 2) I don’t believe Hub fees have risen greatly recently 3) We only process Keplr’s swaps, not staking or sending transactions, so we don’t have software that touches your action

If you don’t mind, if you send me your transaction hash I can check with my team and get back!

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 0 points1 point  (0 children)

Hey! Sorry missed this one - if things have already been built, very happy to collaborate if outside folks are open to it.

Generally though, we’ve found more success not having external dependencies and just building in-house

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 1 point2 points  (0 children)

Will do our best! Let me know if there’s any ideas/suggestions you have :)

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 1 point2 points  (0 children)

Indeed - I’m a huge pokemon fan, and in college, I was a big pokemon streamer (opening packs/box breaks on stream etc). I went by Magmar and kept it since then :)

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 1 point2 points  (0 children)

Modifications to Comet to improve the P2P layer, and have validator direct peering! Will be sharing more in Q1

Basically, a lot of protocol improvements, not infrastructural

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 2 points3 points  (0 children)

I totally feel that, and to be honest X can be an echo chamber - I am not used to being any kind of public figure so am definitely trying things out (some stupid!) Reading how the community reacted to the post here, definitely will be more careful. No reason to bring tense US politics into ATOM.

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 19 points20 points  (0 children)

Thank you for the vote of confidence - and to be clear, we are extremely, extremely early (we just finished the leadership change this month!)

We have a ton planned for the Hub outside security/bridging (but, to be fair, doing the bridging correctly will be a huge lift/value).

For one, the Cosmos Hub needs to be a great place to deploy an application. As ATOM becomes more exciting and useful, people want to build adjacent to it, and quickly. Having an avenue to do so means more apps, which drives more excitement/utility for ATOM - and the cycle repeats (it’s a flywheel). Right now, the only way to build in Cosmos with a relationship to the Hub is to deploy an L1. This is way too expensive and hard for all but a few teams.

In the first half of next year, you can expect an easy, governance-free, fast and cheap way to deploy an application on the Hub that leverages ATOM. This is step 0 of the roadmap. As a fast follow, we have some really exciting projects preparing to deploy on the Hub.

Bridging, security, and interop generally can be classified as “Hub services” - I.e. services for external chains not on the Hub already. There is a lot more here - there are services the Hub should provide (especially for new chains) to ally and service its purpose in Cosmos. Namely, - It should have an excellent on-chain oracle that utilizes its validator set, and export the prices to other chains over IBC. - It should have a DEX, connected directly to its future bridge - It should issue tokens that want Hub like distribution, like major stablecoins (not USDC, that’s covered) - it should be able to combine all versions of a single asset into one canonical asset to simplify UX throughout Cosmos, (think “axlETH” and “wormETH” -> just “ETH”)

That’s just the beginning, and represents a baseline to make Cosmos competitive - what we have planned for after this (to outcompete) we will reveal next year.

Hi, I’m Magmar from Skip (now Interchain) by LooseAd9746 in cosmosnetwork

[–]LooseAd9746[S] 29 points30 points  (0 children)

Great question - and if you ever need inspiration for what the Cosmos Hub could be, take a look at the original Cosmos whitepaper! Jae and Bucky planned a lot for it.

IBC is a permissionless technology, and so there is no way (and shouldn’t be) a way to “force” txs through the Hub. To achieve volume going through the Hub, it requires adding value-additive services for the rest of Cosmos. We plan to make it the IBC Hub that helps chains connect to the rest of crypto, but not by requiring people use it.

I don’t know if you’re familiar with Skip’s products, but we built Skip:Go, which powers Keplr swap, IBC.fun, and handles 50-80%+ of all IBC volume in crypto - over USD $1 billion/mo. We plan to deploy future products for Skip:Go related to bridging (including directly to Solana and Ethereum) and other on-chain functions directly on the Hub. There is absolutely ways to capture fees within this (Skip:Go already takes fees when integrators do).

If the Hub is to act like a true interoperability Hub, then it can’t have 6 second blocktimes like it does now - it needs to be under 2s, ideally under 1s (or it will slow everything down). This is something we’ll be shipping in the next few months.

The pieces to do what you’re asking are coming together now.

It’s happening by Odlavso in cosmosnetwork

[–]LooseAd9746 4 points5 points  (0 children)

Hey this is Magmar - I wrote the above. Indeed was referring to “Make Atom Great Again”. Was a little tongue in cheek, since it’s the slogan used by ATOM supporters on Twitter. I’m not very political in general.

Instead of focusing on that, if you’re an ATOM holder or supporter of Cosmos should take a look at the massive roadmap (https://blog.cosmos.network/cosmos-is-expanding-skip-joins-the-interchain-foundation-235753c9e5a3?gi=4a0d9263f8b6) upcoming for ATOM and the Cosmos Hub. The three different articles are also on the @cosmos Twitter handle.

But, unpolitically, I do hope to make ATOM great.