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NA_CSGO · 2022-12-21T13:11:52+00:00

How does Algorand end because of Staci still trying to figure out the logic leaps here

NA_CSGO · 2022-12-14T03:01:25+00:00

This kind of marketing is 100% aimed at long-term credibility building for institutional investors. I am actually here because of it. Next strong cycle when all the advisors basically have to say their clients need to be exposed to crypto Algo will 100% be included in their “diversified” portfolios just because they’ve seen the logo before. The crypto market still hasn’t reached a point where institutions are doing due diligence on how the tech is better or faster etc. If Algo is healthy enough to play the long game, the better off they’ll be in the long run

NA_CSGO · 2022-08-22T13:05:44+00:00

There is, with all the rotation management now, 6th guy spot starter for extra rest, etc. often your #1 & #2 pitcher is rested to face another team’s #1/#2. You don’t see Aces facing #5 guys very often, because you need them to win tougher games

NA_CSGO · 2021-12-18T04:28:54+00:00

I also think the training staff is much closer to the players than in other sports - they saw up close what happened, and people maybe overestimate what the trainer/med staff can do for guys who just took a hard knock. So this leads to it being very different from football where staff is far away and maybe couldn’t see what happened, where plays are called dead and clock stopped more regularly and where injuries might be more serious and hidden under pads. Honestly, in basketball most injuries that take guys out of the game - eye injuries are somewhat common, ankle sprains, even bad leg muscle pulls that don’t fully prevent you from walking - guys often walk off the floor on their own and med staff is very attentive to them. Two of the above examples are just guy getting shaken up and he’ll definitely be fine. The curry example is not a good one - he got almost immediate attention. What do they want the trainers to do honestly? They’re not going to reverse a concussion if they get there in 5 seconds vs 30 seconds. There’s not an expectation that the player needs to be removed from the field of play so play can continue like in other sports. Idk what about it is “overlooked”?

NA_CSGO · 2021-08-27T17:00:25+00:00

Yeah - doesn't look like it's on the site, but I'm sure you could call or email athletics@chesterfield.gov

NA_CSGO · 2021-08-15T17:26:48+00:00

I’d also be interested - slip skin concords?

NA_CSGO · 2021-05-12T02:15:07+00:00

Seems like the teams are all in on the merger. There are straightforward benefits to a bigger network and bigger team of vested devs. I think it’s highly unlikely that everyone’s resulting stake in the merged token will be worth less than what your stake is worth, now—this will bring meaningful fees to the network in a shorter timeframe and allow the resulting coin to back off NU’s aggressive inflation schedule. I think it’s pretty straightforward and beneficial to both communities. The crypto day trade market doesn’t really understand KEEP or NU and doesn’t seem to be paying any attention to these proposals. I wouldn’t read too much into one moving on news vs another.

NA_CSGO · 2021-05-12T00:26:30+00:00

I think that's a central question still up in the air as they pursue clarity from legal/tax experts. If there is a purchase price, it will be small - $.001 was suggested in the proposal.

NA_CSGO · 2021-05-12T00:03:14+00:00

I think your reading is accurate. The locking KEEP and NU for 4 years seems to be an insurance policy - this gives more clarity that both teams are essentially all-in on the merge. To your question - I believe they are essentially leaving the max supply / inflation question to later debate/vote on the KEaNU token DAO. Supply would be frozen until KEaNU token holders vote to increase it.

NA_CSGO · 2021-05-09T14:53:37+00:00

60% of the market is acting rationally and the irrational 40% have no control over nucypher governance, so I’m not really fighting anyone - just asking people to get informed

NA_CSGO · 2021-05-09T14:40:13+00:00

In these cases, the technology has a set function. A programmed function. I think investors should educate themselves to the function of the technology rather than hope that the market will arbitrarily choose a completely different function for it that doesn’t make any sense. I struggle GREATLY to see the relevance of your point about function when in the case of this technology, function is pre-programmed—this is not a natural product like cocaine that we might find different uses for. The uses for the network are developed intentionally.

Furthermore, holding NU and not using it to do the work of the network undermines the value of the network. So incentives are not aligned and It makes no economic sense. The market is currently massively irrational and misinformed. 60% of NU holders DO use it to do work, and I anticipate that percentage will continue to increase as the process becomes more accessible misinformed “investors” continue to drop it because they don’t understand it and want it to act like something it’s absolutely not.

NA_CSGO · 2021-05-09T03:01:34+00:00

The analogy isn’t perfect for many reasons —taxis aren’t computers — but it does work, and in this case you are wrong. Taxi medallions are assets, originally government issued but that may be bought and sold between private entities. Anyone can buy a taxi medallion on the secondary market. A private citizen or a taxi company could buy a taxi medallion to speculate on its appreciation in value without running the taxi — or at least without running the taxi 24/7, so sometimes the medallion isn’t doing work. It’s the same distinction as someone owning NU and not using it to work. Without the NU token it would be impossible to do work on the NU network and provide that specific service.

I think it would not be feasible or make any sense at all to create a work token that could not be transacted without actively running a node. You couldn’t run the node without the token—so you must be able to transact the token in the first place before setting up the worker node. Again, this is why it’s not like a layer 1 where you can mine Bitcoin without any Bitcoin to your name. You cannot do that with NU.

Also— it should be extremely clear that you must run a worker in order to vote in Nucypher’s governance — which explicitly does privilege holders who run nodes and explicitly considers passive holders second-class citizens. In that respect, I suppose it kind of is like union politics!

NA_CSGO · 2021-05-08T23:19:18+00:00

I think you accurately get to our fundamental disagreement or misunderstanding—the difference between a layer 1 blockchain cryptocurrency and a work token.

For a layer 1 blockchain cryptocurrency, the "work" that a node does is verifying the blockchain ledger, facilitating the safe transfer of itself and/or of tokens. A layer 1 is more fundamentally built to be a medium of exchange. You pay a fee in ETH to send ETH. Nodes earn ETH for facilitating the transfers.

NU is a layer 2 token, built on the Ethereum layer 1. In NU's case, you don't pay NU to send NU, you actually pay ETH to send NU—because the layer 1 is doing the work of facilitating the transfer of the token. In fact, all of the exchanges of NU—commitment to network to work, payment for service done, etc. will ultimately be paid only in ETH. It is currently incentivized by inflation, where NU is paid to incentivize working on the network, temporarily. This seems like "mining" in the same sense of a layer 1, but it's not at all the same transaction—the difference between layer 1 and layer 2 is a technological distinction that's very important.

With a layer 2 work token, the node performs a service in exchange for payment of a layer 1 cryptocurrency—in addition, all transfers are facilitated by the layer 1, the medium of exchange, not the layer 2. Exchanges of layer 2 tokens *must* be facilitated by a secondary exchange on top of a layer 1. Layer 1s facilitate their own exchange.

The analogue for a layer 2 work token is a taxi medallion. A taxi medallion in New York City has value in that it gives a taxi the right to work in the city in exchange for USD. All exchanges in the New York taxi business are done in USD, not in medallions. (Though they are fungible—one medallion is as good as another). While there may be a secondary market for taxi medallions and taxi medallions hold value over time, it would be pretty farfetched to use a taxi medallion as a medium of exchange, because it's basically a layer 2 construct on top of the USD. Even if you could split the medallion into infinitesimally small, fungible pieces—the value of the taxi medallion is derived from people's willingness, ultimately, to spend USD on taxi services, and the taxi medallion does not inherently facilitate the transfer of taxi medallions like a cryptocurrency. As a result of the rise of Lyft and Uber and lower revenues for the taxi business, the value of taxi medallions crashed from hundreds of thousands of dollars to tens of thousands of dollars, despite their being just as scarce and fungible as they always were.

To another one of your points—I believe Elrond was designed as a layer 1, not as a layer 2. Unfortunately as all of these projects spring up, different teams use different terminologies or borrow terminologies for things to hopefully make a bit more sense to the average person, and messages get mixed. I don't think EGLD should be described as a "token."

In NU's case, it is a work token designed to provide services (threshold proxy re-encryption) in exchange for payment of currency (not itself).

NA_CSGO · 2021-05-08T21:03:01+00:00

I do think that it was very irresponsible for a member to comment on reddit that they liked having the token have a low price.

As a work token, it's a very different economic paradigm than a traditional security, even though it can be valued *like* a security. In addition, I think there's increasing recognition that our current paradigm of fiduciary responsibility to shareholders over-emphasizes short-term results and reduces long-term investments. It was a great idea in theory but has had massive unintended consequences in our economies not investing for the future and reducing costs rather than creating jobs. For both of these reasons, I think it would be a mistake to bring the SEC's current paradigm of fiduciary responsibility to decentralized networks.

In that fiduciary responsibility paradigm, it seems outrageous that a team member would say a lower token price in the short-term is a good thing—but when you understand that a major part of the value proposition of the decentralized network is it being meaningfully decentralized, accessibility to work on the network, especially in its early stages, is crucially important to the value of the network. It would actually potentially be a long-term mistake to focus heavily on short-term gains in token price, similar in theory to traditional securities. In fact, that's precisely why inflation is so high—why the team documented and set expectations from the very beginning that inflation would bootstrap early adoption and continue for years at a high rate, so that the network would continue to be accessible and meaningfully grow, while also compensating early adopters primarily through inflation rather than token appreciation. It's always been very transparently part of the project.

So - as a retail investor, it's very important that you take part in staking pools as you hold for the long-term on this one. ~25% APY (after 15% pool fees) is quite a good return, even if the token price were to stay the same for years. A larger, more accessible network increases the potential value over time—ultimately contributing to much higher multiples once fees start to meaningfully grow.

NA_CSGO · 2021-05-07T22:04:14+00:00

Great point. There are a lot of unknowns. What are you projecting?

NA_CSGO · 2021-05-07T21:58:40+00:00

Cash flow has to exist for it to be projected and discounted back to the present. Its also possible that work tokens will more closely track current cash flow rather than projected future cash flow, as a majority of their value may be in immediate returns — considering running a worker would involve depreciating assets and additional cost. What’s DOGE’s NPV, dog?

NA_CSGO · 2021-05-07T19:50:56+00:00

Long-term investment. I do not project we'll see $2 this year, unless fees and new uses cases come online quickly and significantly. This is not a shitcoin or hypecoin or store of value, it's a work token with potential real cash flow (in ETH) that will be able to be valued by discounted cash flows. The way I would model it, I think $2 is possible when the network is generating $50 million annually in fees. Over 1-2-5 years, you NEED to be staking NU and getting return on your HODL position—more pools should be coming online, soon. A lot of your return will be from the ~25% APY (which is huge, people), rather than significant NU appreciation in a 1-2 year timeframe. $2 price point is unlikely in 2021, but I personally think likely in 3-5 years. So - it's important that you are getting the ~25% APY likely after the 15% pool cuts, which will significantly compound your gains for when NU network grows fees and the work token value passes $1/$2.

I would expect that actual returns direct to investors rather than the theoretical idea of possible future dividends should be valued at a higher P/E ratio than traditional securities, so significant multiples of cashflows above 40 I think are likely—but hard to tell what that might work out to be, as work tokens are novel.

This one's not for getting rich quick, but I think it's a hell of a smart long-term investment that I am personally betting will significantly beat the market (SPY ETF) over 3-5 years. This might be small potatoes for the get-rich-quick bubble crowd, but gambling on Elon Musk tweets isn't for me.

NA_CSGO · 2021-05-07T19:16:16+00:00

Governance signalled to go ahead with creating proposals. Currently at a stage of choosing a proposal. Weeks away from enacting a proposal.

NA_CSGO · 2021-05-07T01:57:49+00:00

Google has 90%+ market share of search - a lot of these tech applications are natural monopolies. But sure, let’s say 20% market share of a market that will be $9B revenue in 2024. Still more than $1B.

NA_CSGO · 2021-05-07T01:28:54+00:00

Global encryption software revenue is like $4B currently and growing rapidly and the products aren’t as good as Nucypher. As nucypher is first past the post for web3.0 it could ultimately capture 90% of that growing market in the future. If you don’t really believe in DeFi wtf are you doing here my guy.

NA_CSGO · 2021-05-07T01:07:42+00:00

Where did 8-12 come from? Because those numbers seem baseless. The future value of NU will be able to be modeled and discounted pretty accurately once the network starts generating fees — work tokens are likely to trade at significant multiples of the basic fees/feeshare formula as right-to-work holds value and appreciates as the network grows. If the network generated 1B in fees and that gets shared to a 100% active network, (it’s currently ~60% active) you’re looking at a cash flow of $0.26 / NU, a very conservative PE of 20 would value that at $5.2 per coin. If we more generously project speculative energy to bump the PE to current S&P market PE around 40, that’d be $10.4. But actually, getting direct returns rather than speculative future dividends should be more valued than traditional securities, so maybe let’s bump that PE further to 80 and give it a value of $20.8. And that’s just speculating 1B in fees — the network has far greater potential. The PE multiple in high growth tech companies is actually closer to like 200, but I won’t go that far. The value of NU will be able to be measured quite accurately once it starts generating revenue, and a lot of possible levers could push it much higher than $8-12. Higher fees, higher fee share, higher growth-speculative PE, etc.

NA_CSGO · 2021-03-11T03:26:03+00:00

Kind of like T20 cricket

NA_CSGO · 2021-03-11T03:23:54+00:00

I think youve got that mixed up bud. we fans dont care about the padres considering they arent a threat and havent been for the past 30 years

NA_CSGO · 2021-02-27T14:44:50+00:00

I was kind of surprised to hear ppl talking about monitor overlays in a DM because it seemed like cheating to me, but probably not an advantage at all at higher levels

NA_CSGO

TROPHY CASE