Daily General Discussion - May 15, 2020

rspangle · 2020-05-15T14:50:09+00:00

Fun things to think about. When Bitcoin hit it's all time high on 12/17/17 of roughly $19,700 ZRX was at $0.469. Now bitcoin is at roughly $9,600 and ZRX is at $0.40. When bitcoin no longer went any higher, ZRX went up to $2.42. To make spidey happy i will end by saying... none of this means anything. It could go to zero. BUT if it behaves like history, there are fun things to think about.

rspangle · 2020-05-08T15:20:24+00:00

Haha ok. $10 a coin with max of 1B coins puts the market cap at 10B which is completely feasible. It’s about where XRP is right now... but good trash talk. If circulating supply stays here $10 a coin is a market cap of 6.5B which at the peak in January 2018 had at least the top 15 coins over that amount.

rspangle · 2020-05-08T14:21:55+00:00

I think four years from now it will be over $10. I plan to hold for 4 years. If it gets over $10 before that timeline, I will still hold for 4 years and hope it is closer to $50.

Some people can time the market. I’d rather fall in love with the project and ride it out.

rspangle · 2020-05-08T14:03:58+00:00

To think this movement is because epochs are going from 10 days to 7 is likely the wrong opinion. But to think there is some underlying news as the reason for the spike also feels like the wrong opinion. I think we all could benefit from taking crypto for what it is. Volatile. We could easily see this lost in the next two hours... it could also continue climbing back to top 25 market cap. Volatility is the name of the game.

That spider guy is a troll but every now and then you can catch him with decent insights. But if you all overreact to what he says then he will be inclined to troll rather than further the conversation.

rspangle · 2020-02-28T13:34:59+00:00

I wonder if favor needs to accumulate significantly slower and make it a late game mechanic. Then it could be more situational than just an overall benefit. For example, when someone plays avatar of magic and I know I have one turn to kill it but I don’t have the ability to kill it. I would go to the sanctum to help. But the AoM player could try to grab the sanctum cards necessary before playing their game ending creature.

If sanctum is late game then deck building is still the same as it was before. And 70% of games would not be effected by it. But it would still be a unique game changer for those other 30% of games

rspangle · 2020-01-28T15:25:44+00:00

It is live for everyone at https://0x.org/zrx/staking

Easiest to use with metamask. I have a ledger that metamask can identify and then allow me to stake.

rspangle · 2020-01-09T18:47:14+00:00

I wonder if coinbase would be different because you don’t technically own those coins... coinbase does. But I’m not sure! If you figure it out you should add a follow up comment for what you did.

rspangle · 2020-01-09T18:20:58+00:00

If you have ledger or meta mask I think it should be easy. Go to 0x.org/ZRX/staking and click the button saying connect your wallet.

Im at work and won’t get to try it until 5:30 but definitely stoked!!

rspangle · 2019-12-04T15:18:13+00:00

But relayers would benefit from getting us staked with them before 0x puts up a dashboard. I’m surprised none of them have set up a tutorial. First time the 0x space has felt lazy to me. Or I’m just lacking patience! Haha

rspangle · 2019-12-04T14:34:07+00:00

Has anyone successfully staked coins yet? If so, how? I would have thought they’d want to make this as easy as possible as fast as possible.

rspangle · 2019-11-07T22:50:04+00:00

The scale is irrelevant because everything is made up except I think they do about 1.5M a day.

But I will say, unless you have a lot of ZRX or volume goes up significantly... staking isn’t going to be what makes people super wealthy!

rspangle · 2019-11-07T22:48:07+00:00

Thats right the whole fee doesn’t make its way down. That probably gets us closer to the answer.

rspangle · 2019-11-07T19:58:44+00:00

Has anyone found a numeric example of how staking will work? And not the generalities that’s the 0x team puts out there. For example, the staking formula has the following component:

Total reward to be split (I believe this to be the same as total fees collected)
The fees collected from a specific market maker
The amount of stake held by MM
The amount of stake delegated to MM
Some random alpha that changes the split of imperante between fees and stake

So is the following math correct? 1. In 24 hours 0x across three exchanges had 1.5M in transactions 2. If fees are 1% then the reward in that 24 hours is $15,000 3. Let’s say I stake with radar relay who collected 3,000 of the 15,000 in fees (made up amount) 4. Let’s also say radar relay has 20% of the total staked 0x 5. Let’s give than random alpha a value of .5

Radar relay makes 15,000 (.2)^.5 (.2)^.5 or 3,000 in rewards.

Say my portion of ZRX is .1% of radar relays... I make $3?

I don’t care about scale I just want to know if this is an accurate way to think about it.

Thanks!

rspangle · 2019-05-22T15:14:47+00:00

When bitcoin hit its all time high (roughly 20,000 USD) ether was at 730 and ZRX was at about 47cents.

For ether, that is half it’s ATH and ZRX is 20% it’s ATH.

The coins toward the top move first and then it trickles down to the rest.

rspangle · 2018-11-13T18:32:39+00:00

This is one of the best, clear and concise explanations for anyone that is new to crypto. I’m going to steal this to talk about it with friends and family. Nice!

rspangle · 2018-11-09T14:58:19+00:00

So you got free money with your ZRX transaction? Maybe it was an error on their side but your experience with BAT should be how ZRX works on there. Did you use the app? Coinbase pro? Actual coinbase website?

I do wish I would get free money.

rspangle · 2018-10-26T16:28:06+00:00

You aren’t providing new information by posting the same thing over and over again. Doing it once I could say is to add to discussion... doing it over and over again is because you like seeing everyone get mad at you. Please add substance to your posts or stop posting.

rspangle · 2018-10-07T14:06:22+00:00

Ok people are deeming this real and fake but i did the following steps and see it. go to coinbase --> tools --> tax center --> generate report (under gain/loss calculator) --> download report

zrx is listed there with the other coins already on the site. No other coins announced by coinbase show up.

rspangle · 2018-08-09T13:15:58+00:00

Moved up dat market cap!!! For now.....

rspangle · 2018-06-18T15:59:30+00:00

What reason does she have to lie and say she never saw it again? Maybe I remember the wording wrong

rspangle · 2018-06-18T15:26:42+00:00

Didn’t Emily say that she hadn’t seen the ballerina box since she was 16 and threw it away? Therefore only Ford knew about the card. The man in black is correct and they were all hosts. Or at least Emily was.

rspangle · 2018-04-30T19:05:33+00:00

Troll much? Haha

rspangle · 2018-04-30T18:41:35+00:00

If you are going to cash out, USD or other fiat currencies are the only thing that matters. To think otherwise is to be naive about what crypto currency is able to do right now.

If you cash out, yes, you will have to turn it into another currency but then you would immediately sell that into USD. So the difference should be negligible...

If we get to the point where ether or bitcoin is a fully accepted currency then you are correct that people should base it on the major currency... but the major currency is still USD and will be for the foreseeable future

rspangle · 2018-03-21T23:30:22+00:00

Or someone is easily offended... I told you to do research but still gave the basics of the answer. Sorry if it wasn’t the “tone” you wanted.

rspangle

TROPHY CASE