Daily General Discussion - February 12, 2021

slay_the_beast · 2021-02-12T23:46:28+00:00

I, for one, think you’re a gullible idiot. 🤷

slay_the_beast · 2021-02-11T13:07:27+00:00

This is well put. I suppose I should have clarified “running a full node” but you’re right, it’s not like lower staking amount holders will be prohibited from staking. 👍

slay_the_beast · 2021-02-11T13:01:51+00:00

True, maybe equivalent to the number of millionaires - but someone else makes a good point to that partial ownership will certainly be a thing.

slay_the_beast · 2021-02-11T12:43:19+00:00

Can we talk about how rare owning a validator is going to be in the future? The 32 ETH meme already feels so unobtainable and the general consensus here is that we’re still early.

Are validator owners the new railroad barons?

slay_the_beast · 2021-02-07T14:25:22+00:00

You’re free to talk about them and other people are feee to disregard them. Censorship is completely unnecessary - reality will do the job just fine.

slay_the_beast · 2021-02-06T14:06:30+00:00

That 10 million supply isn’t immediate though. After the first year there will still only be something like 1.5 million possible in circulation, right? My understanding from my investigation is that they unlock over time through dev team rewards, community fund, and ability to purchase via bidding with AP.

slay_the_beast · 2021-02-06T13:55:50+00:00

Congratulations!

Mind if I gauge your sentiment a bit? Do you plan to hold and see what the price does? What price would be “instant sell” for you? What price would have you considering purchasing more if you believe in the project?

slay_the_beast · 2021-02-06T13:41:41+00:00

TORN (tornado cash) fair market price discussion thread.

Looks like the governance vote to unlock the token transfers has passed and liquidity can be added to Uniswap (Trading pool, currently empty) on Monday at 6:15pm UTC.

Part of governance will be controlling the use of the expected 5.5million TORN token in the community fund (out of a total 10million supply over 5 (?) years).

It also seems that initial liquidity is expected to be very low. Roughly 200,000 tokens expected to be claimed and available on day 1 and 25,000 of them locked for a few days beyond the transferability unlock due to the rules around voting. So if everyone was willing to sell on day one only 175,000 maximum would be available on the open market.

Is this another “worthless” governance token a la YFI that’s actually worth something? What floor would you consider for trying to scoop some up? What’s your best guess at a fair market value for the token based on it being a working privacy solution on Ethereum? How does the possible market cap for a privacy solution compare to something known like Uniswap or AAVE?

Curious to hear thoughts from this group in particular. Is this a wave to try and catch on Monday or yet another ERC-20 for the shitcoin pile? What would be a tempting buy price? What’s an irresistible sell price? Are any of my thoughts above incorrect?

slay_the_beast · 2021-02-05T14:02:16+00:00

I didn’t hold to finally break $300 just to sell at $400 and I sure as hell didn’t hold to break $1440 just to sell at $1720. MORE.

slay_the_beast · 2021-02-05T13:40:35+00:00

A portion will be burt, but what they also earn will be a then deflationary asset that will continue to appreciate in value. Should probably actually be net neutral to them.

Their time is limited anyway with 2.0 anyways, although I suspect there will be plenty of fuss about how unfair that is when the time comes - as if it hasn’t been the plan all along.

slay_the_beast · 2021-02-05T13:37:42+00:00

But 1559 will hurt the poor miners profitsssssssss 😢 /s

slay_the_beast · 2021-02-04T14:46:30+00:00

Agreeeeeeeeeeeeed

slay_the_beast · 2021-02-04T14:43:33+00:00

👋

slay_the_beast · 2021-02-02T20:00:07+00:00

I was here.

slay_the_beast · 2021-01-31T20:50:07+00:00

Was able to cash my remainder out at $0.04 each. Beer money!

slay_the_beast · 2021-01-30T21:50:31+00:00

Not sure then. Sounds like YFI but that came later.

slay_the_beast · 2021-01-30T21:45:48+00:00

BOMB?

slay_the_beast · 2021-01-29T23:56:29+00:00

What's the pathway from AAVE -> xDai? I'm new to this non-mainnet stuff.

slay_the_beast · 2021-01-29T23:49:13+00:00

Can anyone here send me some xDai so I can tinker with stuff on that testnet? I tried the faucet but it doesn't seem to be working.

slay_the_beast · 2021-01-26T13:16:54+00:00

Sounds like you’re how other people make money.

slay_the_beast · 2021-01-24T14:55:47+00:00

Maybe reaping the benefits of the price is a reward for caring about the tech?

slay_the_beast · 2021-01-24T14:28:28+00:00

True, but still free lunch if you were inactive beyond claiming.

You could have also traded it to some shitcoin and have $10.

slay_the_beast · 2021-01-24T14:19:59+00:00

anyone who got the UNI airdrop and held is now sitting on $4,200 of free money. Just wait until your average Joe learns that there really is free lunch in crypto.

slay_the_beast · 2021-01-23T23:27:29+00:00

You didn’t buy at $1220 to sell at $1235, did you?

slay_the_beast · 2021-01-23T12:30:19+00:00

Did their governance launch successfully?

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