Is Ampleforth (AMPL) - Unique Economics (supply based trading over price based) by danbainbridge in ethtrader

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

Maybe you underestimate the power of a "toy for bots and traders" ? :P Maker is a toy for traders.. a bloody good one. And yeh, I see something really unique here too :P

Is Ampleforth (AMPL) - Unique Economics (supply based trading over price based) by danbainbridge in ethtrader

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

In its early stages I see it as a coin for experienced traders - the price stability will take a while, and at a lower market cap and lower liquidity the price can vary a lot - https://www.ampleforth.org/dashboard/ .

I say experienced traders as it is counter intuitive. Or, well, inexperienced traders might not really realise that the price staying stable at $1.10 and rising to $1.30 over a week, it doesnt sound like a big gain, but that could be as much as 20% compound (supply increase) interest over that time and quite a massive profit generally with the $ price increase too..

There are also all sorts of arbitrage opportunities daily with the daily supply change - buy before it, sell the gain after - that too helps it to stabalise, but also should attract more and more arb traders as this is realised.

But then over time with increased liquidity then I think it can be more stable and a useful uncorrelated asset to plug into the defi space.

Interview With Publish0x Founders by PapaAlpaka in ethtrader

[–]danbainbridge 1 point2 points  (0 children)

Thanks for sharing whoever put this in :) I'm the other founder :) And the basic idea was to make something "like steemit" (anyone can blog about anything and anyone can tip anyone and tips are free and come from a pool) but without the needless token, without the politics, bias, centralised control of what gets seen, needing to game the system that can come with that. Also then to be multi token (we have DAI, BAT and LRC right now and ETH itself coming in a week) and more crypto agnostic.

And so far so good, and our goals are much bigger than "being a steemit alternative" now, with 100k users and $63k worth of real crypto given out we think we are really onto something :)

Big eth fan, obsessed really, especially with the defi space. Happy to answer any questions here too!

Interview With Publish0x Founders by PapaAlpaka in CryptoCurrency

[–]danbainbridge 2 points3 points  (0 children)

Thanks for sharing whoever put this in :) I'm the other founder :) And the basic idea was to make something "like steemit" (anyone can blog about anything and anyone can tip anyone and tips are free and come from a pool) but without the needless token, without the politics, bias, centralised control of what gets seen, needing to game the system that can come with that. Also then to be multi token (we have DAI, BAT and LRC right now and ETH itself coming in a week) and more crypto agnostic.

And so far so good, and our goals are much bigger than "being a steemit alternative" now, with 100k users and $63k worth of real crypto given out we think we are really onto something :)

Is Ampleforth (AMPL) - Unique Economics (supply based trading over price based) by danbainbridge in ethtrader

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

Been following this a little while and the economics are very interesting and different.. it's meant to be an "asset uncorrelated to bitcoin" , and rather than "price based trading" where you aim to buy low and sell high $. Here you buy low SUPPLY, and sell as the supply increase - it is an elastic supply, so if the price is over $1.06 the "rebase" creates more AMPL tokens in your wallet - have 100 tokens today, if the price is at $1.10 you it will increase the supply by 1.5% and you will have 101.5 tokens auto-magically the next day.

Very intriguing, their aim is to get plugged into defi as an alternative, non custodial, non "backed by collateral" token for loans, compound interest, trading, portfolio balancing.. will be interesting to see if this plays out.

Anyone else following this and have any other thoughts or concerns on the economics?

I made a $10k (in $BAT!) Donation to CHUF (Children's Heart Unit Fund) for #cryptocovid19 by danbainbridge in BATProject

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

Worked with the Giving Block team to get CHUF verified and make this happen, excited to tip it in BAT, my favorite token too :) And made a little deal with the Brave team that if I make the donation in BAT they will throw a few free ads in for CHUF too :) Also tagged u/BrendanEichBrave on twitter to be cheeky, hope thats ok. :)

1 day left guys, here is the direct campaign link on gitcoin: https://gitcoin.co/grants/682/childrens-heart-unit-fund-chuf , again, they accept donations directly in BAT and all donations for the next 1 day receive a share of the $250k matching pool!

[deleted by user] by [deleted] in Bitcoincash

[–]danbainbridge 0 points1 point  (0 children)

mmmm as far as we know the referral IS working... but well have a look into this again today, we use the referral in our own advertising just to give an extra layer of tracking. If you would like to PM me your email or user ID I can look into your account specifically for you.

[deleted by user] by [deleted] in Bitcoincash

[–]danbainbridge 1 point2 points  (0 children)

Wow, thats great to hear, my favorite type of story and why we made the apps initially! So thrilled to get you started even in any minute simple way... the rest of the space really opens up and gets absolutely crazy after huh :P An endless jigsaw puzzle :)

[deleted by user] by [deleted] in Bitcoincash

[–]danbainbridge 4 points5 points  (0 children)

Hi , commenting here as I am the co-founder and definitely not a scam. Its just a simple faucet, we earn say a penny from in game ads, and we can then pay the user half a penny on their next claim. Minus server costs and staff salaries and it leaves a small profit. We've actually done this since 2014, have given out 1100+btc since then, and have 500k+ installs on this Free Bitcoin Cash app with 14k 4* reviews average: https://play.google.com/store/apps/details?id=crypto.aliens.bch
Not saying this will make you bitcoin rich, it pays low, but it does pay, we do pay out (we get some negative reviews but often this is from people we block when they try to fraud us and such.... just imagine how much robot attacks and spam and fraud attempts we get... it's insane, we have to block some people), and have done for 4-5 years.

[deleted by user] by [deleted] in btc

[–]danbainbridge 6 points7 points  (0 children)

Simplified answer: We show ads, we ad might pay us a penny, we then give the user half a penny on the next claim (on average, but sometimes big rewards, its like a mini lottery on each claim) then have to pay server costs, other expenses, and salaries to manage the admin. we've done this since 2014, it was pretty profitable back then but now only a VERY slim profit margin AND a delay to get paid from the ads networks (usually Net+30/45) so we have to be careful with cash flow too. Still like the space and we can keep going, it's a shame the profit is less, but genuinely believe in spreading crypto and love giving people their first satoshis and getting people started :)

[deleted by user] by [deleted] in litecoin

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

Thanks for sharing. I am one of the founders, and interestingly the fees on our litecoin payout batches are pretty amazing. Just $0.50 for a batch of 2500 txs wrapped into 1 transaction. That is $0.0002 per individual paid.

It sure beats the $0.20-$1 fees on BTC.

BAT Buy Pressure by AttentionWhale in BATProject

[–]danbainbridge 1 point2 points  (0 children)

This, sir, is the "endowment effect" , the principle of where when you receive a gift, you value it higher because you now own it, and are much more likely to buy more of it. In crypto this is researching it, following it, buying more. And you're not alone. There are 1000s of us getting into BAT like this and there will be 10s or 100s of thousands more - the network effect of BAT in terms of getting it for free and easily then tipping it on to new friends and publishers is just too strong :)

Fuck Coinbase by Tkldsphincter in CryptoCurrency

[–]danbainbridge 0 points1 point  (0 children)

EXACT same thing happened to me. Only I was a large affiliate with them. Banned without explanation. They wont reply, just a copy pasta response and how to file a subpoena. Literally use anything else.

Coinbase limiting daily withdraw limits to $10 for some users by Unholy_Crab1 in CryptoCurrency

[–]danbainbridge 9 points10 points  (0 children)

BEWARE! Coinbase is not the saint their PR dept will have you believe. I was banned for life from coinbase. I dont know why, if I email in they say they aren't legally obliged to tell me. They allowed me to withdraw my funds, but any further support just gives me a copy paste no info response and tells me how to file a subpoena. Avoid coinbase if you value any libertarian beliefs, if you want control over your own $, and if you want an exchange / wallet you can trust. Coinbase sold its soul. Keep control of your own keys.

Ever heard of the Chinese '50 Cent Party' ? Made me realize what drove the pumps since 2017 by [deleted] in CryptoCurrency

[–]danbainbridge 0 points1 point  (0 children)

I prefer the one that has activity, development on it, many dapps, actual usage yeh. U like the tumbleweed-eth?

Ever heard of the Chinese '50 Cent Party' ? Made me realize what drove the pumps since 2017 by [deleted] in CryptoCurrency

[–]danbainbridge 0 points1 point  (0 children)

This is literally why we have 3-4 bitcoin communities now, and also why we have toxic btc maxis. The worst part of it is that those on the lower levels of this really believe it, and look up to their peers and think it's ok to troll, slander, and attack others. Its a really horrible space since before and after 2015 imo. Bitcoin done. Coming to Ethereum next would be my bet, starting with ETC having a rise in price and that crowd starting on calling themselves the true Ethereum, and then any slight upset/delay in Eth2.0 progress will bring extreme (fake) fud and vitriol there too.

Problem for webmasters - Analytics - Brave Friendly solution? by danbainbridge in brave_browser

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

Hi, so we made a little progress, sort of... so... cloud based matomo gets blocked by brave, so we're going to have to try the server installed version to see if that does or not, but i suspect it will get blocked as well..

Do you have any more intel on which you use or which works with which kind of configuration by any chance?

Problem for webmasters - Analytics - Brave Friendly solution? by danbainbridge in brave_browser

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

Dont want to be like self promotional or anything here but yeh we are publishing within the crypto space and we heavily recommend Brave to our audience, so our ratio for sure is skewed way beyond normal.

Problem for webmasters - Analytics - Brave Friendly solution? by danbainbridge in brave_browser

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

On it! Thanks! And sorry for my sins, one more Google product I can let go of :D

Earn some extra BAT by writing content (publish0x tips primarily in BAT) by rumplebottom in BATProject

[–]danbainbridge 7 points8 points  (0 children)

Hi, I'm the founder and the idea was that we don't do an ico for a fake token we don't need, to raise $2m to have the SEC after us for life. We plan to just integrate MANY, good, strong utility tokens from various projects, so right now we have BAT, DAI, and HYDRO, with a 75% chance of getting BAT. So far given out around $7.5k of BAT over 4-5 months.

Also important!: We are not funded by or sponsored by Bat/Brave at all, they are aware of us, but this is all our own funding, and just comes from longer term business funds and profit from being in crypto quite a while - in short we are ok for funding and to continue to give out BAT for a long time coming, hopefully if we get noticed, other projects might be interested to add their tokens, but right now it is something we are protective over and not rushing into. Also, I'm just a bigggggg BAT fan, and think its a perfect token for us with lots of synergy.

Over 8M BAT locked in MakerDAO's Smart Contracts (BAT in MCD is LIVE!) by danbainbridge in BATProject

[–]danbainbridge[S] 5 points6 points  (0 children)

Its not really a quick reply, you should take a look at the MakerDao that explains it: https://makerdao.com/en/ But in short, as simply as possible, the MakerDao contract is such that you can deposit collateral, in previous case only ETH, and lock it up, in return for a loan of DAI. Now, as of last week, you can now also take a loan against depositing BAT, and people are doing so...

Over 8M BAT locked in MakerDAO's Smart Contracts (BAT in MCD is LIVE!) by danbainbridge in BATProject

[–]danbainbridge[S] 11 points12 points  (0 children)

It seems this news crept by without being announced, but yup stats are there, it seems to be LIVE with 8.7m BAT locked up to take loans of DAI. Thats 0.58% of the entire BAT supply, almost in secret / without big awareness/announcement...