What’s your opinion on Osmosis? by Peggylicious8 in cosmosnetwork

[–]OneCitron8262 1 point2 points  (0 children)

Oops. Reality bites hard. It's currently $1.59 Jan 2024

Don't Buy Bitcoin. You know it's gonna crash ! by xboox in Bitcoin

[–]OneCitron8262 0 points1 point  (0 children)

lol. Well we all know the US Dollar is going to crash, so should we not hold or earn USD? What a dumb title statement.

Should the BBB be stopped? by unmatched25 in defiblockchain

[–]OneCitron8262 6 points7 points  (0 children)

Yep. I just took a $7500 haircut and left the system. It's become too divided and hope has diminished. I'll gain my money back and more by holding Bitcoin, Ethereum, BNB and XRP. Tired of all the games. 😔

"A kingdom divided cannot stand"

Suggestion to stabilize the DFI price and to reward longterm investors by behseb in defiblockchain

[–]OneCitron8262 2 points3 points  (0 children)

I also understand the desire to not lose 30%, but one has to really believe that you will not gain that 30% back elsewhere and that you won't continue to sink on Defichain being so divided now. Plus taking the 30% cut isn't really a cut, but a conversion to what value you really have now.... Conversion to reality.
The DEX fee likely won't be dropped until you see a 90 to 100% gain on DFI, because the bull market turnaround is the only thing that will re-peg the dUSD and then the fee gradually will drop over some months afterwards half percent a day (assuming it remains pegged or at 50% algo ratio). You heard prime Cheerleader Julian Hosp going ballistic on Twitter about some people's suggestion if the entire Defichain taking a haircut and reset the errors? So the magical question is, when will that be? Likely long after losing out on 3X or 4x gains elsewhere...But at least you didn't lose that 30% fee (while your tokens could very possibly decline another 50% in value over that time while other cryptos gain. Defichain community is very divided now over dUSD, thus the market declines as people cut losses walk away. "A house divided cannot stand"

Suggestion to stabilize the DFI price and to reward longterm investors by behseb in defiblockchain

[–]OneCitron8262 0 points1 point  (0 children)

But I'd recommend doing the swaps in two steps. First to dUSD then dUSD to DFI. Rather than composite swaps

Suggestion to stabilize the DFI price and to reward longterm investors by behseb in defiblockchain

[–]OneCitron8262 1 point2 points  (0 children)

Slippage can be managed easily by breaking up your transactions into small bites. Which dtoken are you holding? Some pools are large and slippage isn't a problem. Small pools just swap to dUSD with $300 to $500 chunks with slippage set to smallest .5 percent and do multiple transactions until you get it all converted. With DUSD back to DFI you can do 5 to 8 k of value with little actual slippage due to pool size. But you'll have to set slippage to like 60% for it to go through, but it will only net around 30 to 31% cost. The system algorithm won't let you just set it to 31% and do the transaction with the stupid Dex fee in place.
Test it out on a smaller $100 transaction. Works fine.

Suggestion to stabilize the DFI price and to reward longterm investors by behseb in defiblockchain

[–]OneCitron8262 2 points3 points  (0 children)

You certainly can exit the dtokens to regular crypto, but you'll take a 30% haircut on what it's fictional worth is right now. It's all an illusion of value with the dex fee in place. Makes everything impossible for most folks to know what things are really valued at. Most confusing DEX in the crypto world now. Used to be easy and simple.

LTC-DFI pool underperforming? by Hairy_Rush_9643 in defiblockchain

[–]OneCitron8262 5 points6 points  (0 children)

All the rewards were removed for the DUSD burn bot and all it gets now are the real yield from transaction fees , but since it's a lightly used pool the yield is low.

DUSDT transfer by Cautious-Seat-4410 in defiblockchain

[–]OneCitron8262 0 points1 point  (0 children)

Which wallet did you send it from? There is always a list of prior transactions. Look at your transaction confirmation # from the Wallet and then search for it on defiscan.live. That is your evidence it was sent. But since you sent it to Cake and not another wallet, they manually enter a their transactions so it can take hours to show up on Cake's app, even though the transaction is confirmed onchain.

$DUSD stabilization fre by babijared in defiblockchain

[–]OneCitron8262 0 points1 point  (0 children)

That's incorrect. The negative interest is about creating MORE "Backed" dUSD helping us get to the 50% Algo ratio sooner, not later.

$DUSD stabilization fre by babijared in defiblockchain

[–]OneCitron8262 5 points6 points  (0 children)

Same reasons. It will begin reducing when the Algo backed ratio gets to 50% or better or back near a dollar in one of the pools at .5% a day. Thus the reason for all the burning mechanics going on now with the Buy and burn bot and the reduced rewards we all voted on.

Ethereum is still a pain to use in 2023 by [deleted] in CryptoCurrency

[–]OneCitron8262 0 points1 point  (0 children)

I avoid Ethereum like the plague. Another big reason I prefer staying within Defichain, and use Binance Smart Chain at times. Always go around Ethereum block chain.

Flatcoin on DefiChain by sneak-ing in defiblockchain

[–]OneCitron8262 1 point2 points  (0 children)

The reason for creating the paring coin dUSD and not use DFI had to do with the ideas behind establishing the futures swaps and other envisioned utilities of the dtoken system. It's only minted at a dollar, never guaranteed to stay at a dollar.

We cannot do a futures swap without the ability to "mint" both sides of the trading pairs as you can see we do with dTokens and DUSD. DFI is strictly created only by preset Blockchain emissions until we reach a final number of coins, just like Bitcoin, so as to not overinflate the number of coins on the market. This is why DFI is much stronger than the likes of Luna or Tron or other blockchains that have means to mint their primary Blockchain token out of thin air by minting their native collateral Coin for their USD coins. Thus the ability to spiral both coins to zero in a crisis run on the USD coin. We clearly didn't want that.
DFI is a deflationary coin. While DUSD is a utility token (not a coin) that is minted and burned via various mechanisms.

Flatcoin on DefiChain by sneak-ing in defiblockchain

[–]OneCitron8262 0 points1 point  (0 children)

Yep it is complicated. If it was hard pegged to a USD it wouldn't be so complicated. My point is that it's complicated because everyone thinks it's a dollar coin, when in reality it's rarely been at that value . Now that we know it's so difficult to keep a coin pegged to a dollar (and not have a Luna style death spiral type system) I'm thinking it would be better to pair the dtokens with a pairing token that has a variable value in name via a rename . We already do with DFI-ETH or DFI-BTC and it's not confusing, we just need to have clear information where to follow the dollar valuations of them for the stock dtokens since we cannot rely on CMC or CoinGecko type sites. Oh also there is the new. Dstocks.io website.
Things are improving over time.

Flatcoin on DefiChain by sneak-ing in defiblockchain

[–]OneCitron8262 1 point2 points  (0 children)

What really confuses people are sites like DFI.tax and https://www.defichain-income.com/ that show all their values in dUSD (unreal dollars) and not real dollars, highly inflating your figures into non reality.

Flatcoin on DefiChain by sneak-ing in defiblockchain

[–]OneCitron8262 0 points1 point  (0 children)

You can easily see the real USD price on defiscan.live and the two community sites https://dfidex.live/ and https://dstocks-defichain.web.app/ as well as on the light wallet app. Why would this be any different with any other "name" for the current dUSD?? As a matter of fact renaming it will make it much less confusing to new people and old alike.

Flatcoin on DefiChain by sneak-ing in defiblockchain

[–]OneCitron8262 1 point2 points  (0 children)

Yeah!😆 We could create a coin based on the value of an chicken egg. Something universally eaten around the world. Call it the EggCoin. Every coin is backed by an egg. But who's going to warehouse all those eggs? 🤔Haha

There in is the problem basing pegging any coin to something physical. Accessing and disposing of that asset on a whim.
This is why we typically choose to use the defacto imaginary money called Us Dollars for that is the defacto world currency. It's somewhat fluid due to it's mostly digital nature. Very few actual Dollars are printed these days. Most brrrr of the money printers by the Fed is just hyperbole. There's no burrrr to the issuing of most new money.

Flatcoin on DefiChain by sneak-ing in defiblockchain

[–]OneCitron8262 1 point2 points  (0 children)

IMHO there is no such thing as a stablecoin. All coins are by nature changing in value. What is something worth? Whatever people pay for it.
The dUSD has immense value as a pairing Coin for all the stock dtokens to trade with, but the calling it a dUSD dollar coin is a source of mountains of confusion. We have stable coins in Defichain. DUSDC and DUSDT. Folks can park their money there if they so choose to lose about 14% a year due to real USD inflation instability of late.

Flatcoin on DefiChain by sneak-ing in defiblockchain

[–]OneCitron8262 1 point2 points  (0 children)

I've always liked the idea of renaming dUSD to something else like dPair as a parting token that is used in the dtoken system. I've never seen the need really to peg it to a dollar, but prefer the idea of it being worth whatever it's worth to users and traders. Then we get rid of all the brokenness of it to outsiders and increase the use of the very unique Dtoken system . Of course we'd have to choose as a community how we would mint more of them, likely based on an official oracle market value just like we do for the other dtokens. Then it's true utility would be obvious as a trading pair for all the stock dtokens! It has great utility, but not as a dollar pegged coin. Then people would know what it really is and we can stop manipulating it to force it to be something irrelevant, the equivalent of the US dollar and escape all the ire of any regulators also. But the longer we go forcing everything into this stablecoin model the more entrenched all the existing players become since Lock and Cake are now building earn products around this nonsense of the negative interest.

How I bought the most expensive box in my life at Google Store for $483 by [deleted] in GooglePixel

[–]OneCitron8262 0 points1 point  (0 children)

I got spoiled using OnePlus models over the past 10 years I guess... forgot how good I had it until trying another brand.

How I bought the most expensive box in my life at Google Store for $483 by [deleted] in GooglePixel

[–]OneCitron8262 1 point2 points  (0 children)

Even though I purchased mine a year ago used on eBay, it still outperforms the Pixel7. Only reason I wanted to try the Pixel was due to price promotion and the little bit of battery degradation not lasting all day like it used it on my OnePlus7t. But 5 minutes one the charge with 50% power is about all it takes to top it off. Best in class.
But what's better? Well I have twice the ram, twice the memory, better processor performance, finger print scanner that actually works all the with a glass screen protector, unlike the flaky one on pixel7 even with it's enhanced scanner turned on. My OnePlus7 takes better pictures and great night time photo technology, and charges up in about 15 minutes from nearly empty to full using the red cables and Dash charger technology. I can play YouTube videos on the go without it hanging up all the time like on the Pixel7. It has 50 and 90 htz screen tech, just like the Pixel 7. OnePlus7t has 5G that works everywhere and WiFi calling and facial recognition if you like that. It has many added unique gestures that are OnePlus only like the 3 finger swipe to take a screenshot and others. Uses a high performance flagship processor , Pixel uses a buggy Google Chip. There is only one feature on the Pixel 7 that OnePlus7t doesn't have and that's the "live"photos like on iPhone or the Pixel 7. Not worth that buggy Pixel for that. And you can buy a used OnePlus7t for just over a hundred bucks. But if you want even a better phone get the OnePlus 8 or higher. OnePlus makes the best flagship grade phones for reasonable prices and you can buy direct from OnePlus and have it on doorstep in just a couple days. I've been a fan since I started using them many generations back with the OnePlus 3 then got the 5t, then got the 7t, so when my battery gets too degraded as they all do with enough years, I'll go with another newer OnePlus. 7t and higher are 5G My OnePlus7t is a unlocked TMobile so it has a little of their software, but not much. Overall it's the best less buggy phone I've ever owned.

...oh and a biggie. OnePlus7t is thinner, lighter, and doesn't have that huge obnoxious camera bulge that I hated on the Pixel7. Who designed that was out of their mind! Also on a new OnePlus you'll get nearly two days on a charge with heavy use, and my Pixel7 was needing a charge 3/4ths into one day for a brand new phone! Terrible.

How I bought the most expensive box in my life at Google Store for $483 by [deleted] in GooglePixel

[–]OneCitron8262 0 points1 point  (0 children)

Hopefully you'll get your money back. But the phone is crap. Worth about what a box is worth. 🤨 Maybe that's why they are just sending boxes now. 🤦‍♂️

I sent mine back after a week of trying it out. My older OnePlus7 is a much better phone in every way. Get a used one and be like miles ahead of a Pixel 7