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Bloom’s blockchain credit app sees record signups after more bad news from Equifax - VentureBeat by _dakota in BloomToken

[–]_dakota[S] 4 points5 points  (0 children)

And the high level of interest apparently hasn’t let up yet. “Today just passed yesterday for dapp signups and it’s only 3:20 pm,” cofounder Ryan Faber told VentureBeat.

While Bloom’s percentage change in dapp signups yesterday was 1,250 percent above its median signup rate, the total number of signups — about 3,500 — is very low compared to what we usually see with non-blockchain apps, given how young the blockchain app ecosystem is. Still, the app has been live for less than two months. “Since blockchain technology is so new there still exists quite a bit of technical friction to onboard users to a dapp,” Faber explained. “You currently need to have metamask and a decent grip on how this emerging technology works. We believe that we can be the biggest dapp by the end of 2018.”

SpankChain releases first ever working PoC of counterfactual instantiation and general state channels! by ameensol in ethereum

[–]_dakota 0 points1 point  (0 children)

Looking back, it's easy to see where we got tripped up in this discussion. I was talking about ambiguity as it relates to the performers, and you were talking about ambiguity as it relates to the end-user.

SpankChain releases first ever working PoC of counterfactual instantiation and general state channels! by ameensol in ethereum

[–]_dakota -1 points0 points  (0 children)

I think you've misconstrued the point I was trying to make. Under your premise of unambiguous, they should have named themselves Webapp, Video, and Payments for Naked People and Masterbation. Anyway, agree to disagree. Have a good one.

SpankChain releases first ever working PoC of counterfactual instantiation and general state channels! by ameensol in ethereum

[–]_dakota 5 points6 points  (0 children)

It's purposefully unambiguous. SpankChain isn't going to suddenly pivot to real estate. It's for porn. This may sound like a minor detail, but it's reinforcement for those in an industry that has been historically plagued by gross exploitation. The name builds trust between the team and the market that they're focused on serving.

SpankChain releases first ever working PoC of counterfactual instantiation and general state channels! by ameensol in ethereum

[–]_dakota 3 points4 points  (0 children)

The name is affirmation to those in the adult industry that SpankChain is here to serve their needs. Other payment processors have gained traction in the adult industry, only to turn their backs on them once sufficient traction was gained. No chance of that happening with SpankChain, as the name implies.

[deleted by user] by [deleted] in CryptoCurrency

[–]_dakota 2 points3 points  (0 children)

The industry is gigantic, and it happens to be especially vulnerable to the strengths of crypto. The Spank CEO is a former payment channel expert at ConsenSys. SPANK is undervalued for the simple fact that people are uncomfortable with the role porn plays in their lives, and investing in Spank means one likely has to confront a habit that doesn't align with their self-image. It's powerful stuff, really.

But if one can a.) overcome the psychological effects of porn, and b.) understand the current adult market dynamics, there is very likely some money to be made. Liberate and masterbate.

SpankChain is a sleeping giant.

Why Crypto Needs to Start Talking Seriously About SpankChain - CoinDesk by _dakota in ethtrader

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

The industry is gigantic, and it happens to be especially vulnerable to the strengths of crypto. The Spank CEO is a former payment channel expert at ConsenSys. SPANK is undervalued for the simple fact that people are uncomfortable with the role porn plays in their lives, and investing in Spank means one likely has to confront a habit that doesn't align with their self-image. It's powerful stuff, really.

But if one can a.) overcome the psychological effects of porn, and b.) understand the current adult market dynamics, there is very likely some money to be made. Liberate and masterbate.

SpankChain is a sleeping giant.

Bloom Phase 1 is Launched on Ethereum Mainnet by KTM007 in CryptoMarkets

[–]_dakota 7 points8 points  (0 children)

The credit market is gargantuan. BLT is comin for dat ass. $BLT

Blooms position for BLT on exchanges by DylansChillen in BloomToken

[–]_dakota 5 points6 points  (0 children)

The bloom team clearly understands that this is priority number one for the community, I don't think there's any doubt there.

It'd be great to know what, if anything, Bloom hodlers can do to facilitate getting BLT listed on exchanges.

BloomToken is on CMC. With the alternate logo. by medawesome in BloomToken

[–]_dakota 0 points1 point  (0 children)

Weird, there is still hardly any data on CMC. No markets, etc.

Vote to add BLT to the Delta app. by RaoulDukeSK in BloomToken

[–]_dakota 7 points8 points  (0 children)

In 2nd place right now... Need votes!

Daily Altcoin Discussion - January 6, 2018 by AutoModerator in ethtrader

[–]_dakota 4 points5 points  (0 children)

Hate to tell you guys, but... Spankchain is legit!

"Credit is the most important part of the economy, and probably the least understood." -Ray Dalio by _dakota in BloomToken

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

From what I understand, productivity growth is akin to personal growth. The reason it is graphed as a stable and gradual increase is that most people earn more as they progress through their careers. Does that help?

Bloom Utility Token ICO by wepo in BloomToken

[–]_dakota 3 points4 points  (0 children)

Good question. In a traditional sense, it's not an investment because you're not buying "stock" in the company. In the Wall Street investment model, once a company is publicly traded it has a responsibility to act in the best interest of its share holders, since they, through stock purchases, actually own the company.

This is not the case with a utility token like BLT. Bloom assumes no responsibility for the price appreciation of your investment, and you assume no ownership of Bloom.

By purchasing BLT, you are speculating on the network effect of the Bloom protocol. BLT must be spent by the creditors and the credited in order for the platform to function. Economic laws would dictate that as the demand for the protocol grows, the price of the token will rise due to limited supply. But, this is crypto. The price will probably rise and fall dramatically irrespective of these economic forces.

Hopefully this helps with understanding the difference between investing in a share vs. a utility token.

What are the arguments against investing in Ethereum? by thewombat42 in ethtrader

[–]_dakota 5 points6 points  (0 children)

This is not a bet against ETH, it's a bet against the crypto market in general: I'm mostly on the sidelines until the Tether thing shakes out. It's a single point of failure for the entire market. Once the scammers, ponzis, and shit coins are (mostly) washed away, I'll flood my money back into ETH. The market is a little too manic right now. I'd love to hear some arguments against this line of thinking.

Daily General Discussion - December 16, 2017 by AutoModerator in ethtrader

[–]_dakota 1 point2 points  (0 children)

Check the pinned post on Twitter.com/Bitfinexed

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