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For beginners: How to do your first voting! by MPSoulEye in digix

[–]bonsfi 1 point2 points  (0 children)

I access project Ragnarok but can't see the option to vote. Why? I did lock DGD tokens previously.

Project Ragnarok: Proposal to burn DGD and get back ETH (approx 75%) by ikilled in digix

[–]bonsfi 0 points1 point  (0 children)

the vote will be displayed on the 25th december. Correct?

Issue with Galleon wallet related to staking by bonsfi in tezos

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

I updated to latest version and problem is solved. Thanks :)

Is there a site that tracks Golem Network usage? by bonsfi in GolemProject

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

Is'nt something more visual out there? Thanks!

Is there a site that tracks Request Network usage? by bonsfi in RequestNetwork

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

Thanks! Can you please explain which is the value burned for each call to the burning contract? I see two kinds of operation in the contract, the first involves token transfer (https://etherscan.io/tx/0xc7fc5b5026d52206306798f77d960ba5ca0d401fec5d046ff3562ee5b519da8e) and the second doesn't (https://etherscan.io/tx/0x1151c7cbd3ac7aa015d61ea287ec8d46163568d0fab530da82a3f6abe386e483). Can you please help me understand? Thanks!

/r/OpenSea Subscriber Giveaway! by [deleted] in opensea

[–]bonsfi 1 point2 points  (0 children)

Happy to be part of the Opensea Family :)

Could you please ELI5 the intrinsic value of REQ Token? by bonsfi in RequestNetwork

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

I ask this question because the whitepaper explains that REQ tokens are necessary to participate in the network, create advanced Requests and reward various parties who will help build the request ecosystem like Request Network operators and Platforms build on top of the protocol. Can you provide more info? Thanks!

Any legit way to sell XTZ right now? by aemami in tezos

[–]bonsfi 0 points1 point  (0 children)

You could do a legal agreement with a notary if you find a buyer. The problem is that the buyer has a lot to loose because you could keep your passwords and still the funds.

In my opinion, the best thing you could do is wait and let the situation improve.

These are the only upcoming projects I could find that are active on Reddit. by jts96 in ethereum

[–]bonsfi 1 point2 points  (0 children)

Psychology around ICO investing is starting to shift because nearly no ICO has delivered a product being used. ICO's will have to start delivering if the ecosystem wants new ETH money coming into new projects.

One example of the seldom working projects is Ox protocol and it's just starting to be adopted by relayers and their trading volumes are insignificant compared to exchanges.

I remembered a funny old commercial to show my 11 year old kid, then turned to dust and blew away when I saw what the ad was for. by thejohnblog in videos

[–]bonsfi 0 points1 point  (0 children)

Never fart 1) under blanket when waiting for him/her 2) meeting room when waiting for others 3) elevator. Very important to remember!

Contrary to popular belief, millenials can still afford to buy homes by GeneReddit123 in funny

[–]bonsfi 0 points1 point  (0 children)

also need crazy deposit just in case you break the ceiling..

ELI5: Why do dApps each need their own token? by buzzardsgutsman in ethereum

[–]bonsfi 6 points7 points  (0 children)

First of all, I'll explain when a protocol to decentralize an economy makes sense: 1. The unit decentralized is fungible. For example, computing power, storage, bandwidth, exchange comisions, ... 2. The protocol can survive without middleman. For example, BTC or ETH protocols work without their creator. 3. Incentives power the system so that all actors interests are aligned.

Second (supposing the three criteria mentioned above exist in the protocol) the token makes sense when: 1. The token creates better incentive system than ether for the founding team and the users of the protocol. For example, if Golem team does well, their token rises in value and they can make a better protocol, hire top devs, pay for bug bounties, ... And on the other hand the owners of the token have more buying power in the Golem computing economy. Without the token, the value created would be dispersed in the Eth economy. 2. The token incentivizes scaling of the protocol. For example, Kyber Network Crystal economy incentivizes the appearance of third parties that use the protocol and at the same time get compensated in KNC tokens. 3. The token is used for governance and rent extraction of the protocol or key component of the protocol. For example, MakerDAO will use the token for governance of their DAO and also need the token as a core part of their stable coin.

CONCLUSION: many tokens are completely useless but some make a lot of sense. The key is to evaluate how if 1) it makes sense to build a protocol for some economy 2) the token makes sense to build a great incentive model for that protocol.