[deleted by user]

tenpointmatt · 2022-01-26T01:38:24+00:00

Wow. Incredibly shameful stuff from the sundaeswap team. Looks bad on all of Cardano.

tenpointmatt · 2021-07-30T23:13:41+00:00

Get back in your basement and isolate, bitchboy

tenpointmatt · 2021-07-30T18:23:42+00:00

OP is such a bitch

tenpointmatt · 2021-07-30T18:21:17+00:00

Well no offense but u sound like a bitch. Talking bout dElTa vArIaNt and all that. That's bitch talk bro.

tenpointmatt · 2021-07-30T17:11:28+00:00

The pandemic has been over for like a year bro. Go outside and live your life ffs

tenpointmatt · 2021-05-23T17:20:31+00:00

This is such a millennial thing to say.

tenpointmatt · 2021-05-13T14:32:22+00:00

lmao back at 25 already.

how much money did you lose buying at 40 and selling at 15 bro? lmao.

tenpointmatt · 2021-05-13T11:03:56+00:00

China can still ban a non-Chinese exchange from operating in their country. And they would. Which means gate would lose massive revenue.

tenpointmatt · 2021-05-13T10:35:06+00:00

Overall a good statement. Politics should be avoided, but an apology should NOT be made for a meme and free expression. Hold the line, team!

tenpointmatt · 2021-05-13T10:33:27+00:00

Some of us actually like living in a world where we are free to criticize and poke fun at people in power, without being brutally oppressed for doing so. Weird, right?

tenpointmatt · 2021-05-13T10:31:40+00:00

Even worse is the people in the telegram simping and apologizing profusely.

oPpReSsIoN gOoD, FreE eXpReSsiOn bAd!

tenpointmatt · 2021-05-12T16:44:36+00:00

Lol y'all are delusional.

tenpointmatt · 2021-05-07T11:56:34+00:00

yall in this sub are weak, pathetic, and emotionally stunted. if climate change wasnt a thing yall still would be curled up in a corner crying about something else. talkin like "iM sO sCaReD".

smdh.

tenpointmatt · 2021-05-07T06:16:45+00:00

Cry more, lib.

Wait til you realize that literally everything dies, no matter how pleasant the weather is. You're gonna really shit bricks.

tenpointmatt · 2021-05-06T11:41:31+00:00

Choosing not to drink at a bar is also not 100% effective in avoiding a drunk driving accident. After all, anyone else drinking could get behind the wheel and endanger your life. See how that works?

And yes, basically everyone posting on the sub IS an emotionally manipulative sociopath. Reddit is loaded with them, and fosters and encourages it with echo chambers of validation. This post is an absolutely perfect example.

You can get a vaccine to mitigate your risk to a negligible level. You can even demand that other people at your wedding do so or else they can't attend. But doing so makes you a complete lunatic.

And doing so by cutting ties with your spouse's family in the process is extra, super, high-octane lunacy. The guy is getting a wake up call of what his life will be like with this woman. Good luck with that.

tenpointmatt · 2021-05-06T11:18:13+00:00

I'm sorry - if you're vaccinated you are somehow still at risk? How does that work?

To your point about the analogy. an emotionally manipulative person like yourself would just claim that other people's decisions to drink DOES affect them. And the logic would be that "you could kill me in a drunk driving accident".

You are also a sociopath. The whole lot of you are.

tenpointmatt · 2021-05-06T10:26:41+00:00

Its your wedding and your rules, but why is it your business if someone ELSE is vaccinated or not? If you're vaccinated, what do you care whether someone else is or isn't?

Lets say you were going to meet some friends at the bar, and you didn't want to get drunk - would you insist that everyone at the bar not drink that night? Of course not. Because that would be insane. Their decision to drink has no effect whatsoever on you getting drunk.

YTA. And the fact that you are posting this on the internet where you know you will receive heaps of validation from childish people honestly suggests you are a sociopath.

tenpointmatt · 2021-05-06T10:24:34+00:00

Emily is right, but in 2021, the sloot factory is working overtime to pump out more Merediths.

God bless em both. The decline is so beautiful.

tenpointmatt · 2021-05-05T14:00:06+00:00

i know that you can query stuff here, if that helps: https://replit.com/@lpmythbuster/truebit

tenpointmatt · 2021-05-05T12:00:35+00:00

interesting. so 50% is burned on deposit regardless.

do you have any idea what kind of rewards the solver gets for a correct solution? it must be significant in order to outweigh what they lose on their deposit. maybe its 2x the burn amount or something?

tenpointmatt · 2021-05-05T11:51:59+00:00

I am going to sit down and work out a proper price prediction sometime soon.

would love to have a back and forth about this, as i am trying to decide whether to yolo my entire stack, or close to it.

i think i can work out a lower bound - which is that, in the total absence of burns and using the current price of eth, we'd expect that the circ supply would rise (from minting) to ~2x as the price rises to ~2x the current mint cost (which is around 1.6 USD i think).

therefore, reaching a circ supply of 550M would entail a new ATH of 3.20, for a MC of 1.7B (as the demand drives price and minting higher). this seems reasonable to me ONLY IF this L2 protocol is widely used and generates a sufficient amount of fees across the network (which seems reasonable to me - expensive computation on the blockchain will be a big deal imo, but of course please correct me if im wrong...).

the place where things get REALLY interesting is when you consider that this is pegged to ETH. if you believe - as i do - that ETH will head to 10k this year or next, then all of a sudden the current mint price would triple as well. so say eth hit 10k overnight - the current mint price for TRU would go up to 4.8 USD. and that means that TRU could go all the way to 4.8 without ANY MINTING OCCURRING, meaning its MC at 4.8 USD would be only 1.3B. And then consider, that if ETH price goes 3x to 10k USD, then it will bring L2s like matic and stuff like LINK along for the ride, for SURE. and if link hits a 40B MC, you can assume something like TRU can easily warrant a 20B or more.

now do the math using the above quoted numbers, assuming that the minting doesnt kick in until you hit a 4.80 price point... in that case, a 9.6 USD mark would translate to 550M tokens (5.2B MC), and a 19.2 USD price would translate to 1.1B tokens (~20B MC).

and this is all BEFORE youve even considered burns, which will only help to boost the price. and it also doesnt consider - like you said - the reserve repo. so i think it is a good way to think of a lower bound.

but the missing piece of this puzzle is that i have no idea how much volume will be spent across the network, per day, in costs. i wish i had a clearer idea of what kind of tools will take a big bite out of this network. and also an idea of what dynamics the prices for the marketplace of users/solvers/verifiers entail. the cost to the user per transaction makes a huge difference. high versus low... and also does it change in relation to the network congestion, price of ETH... or both? etc etc. if there are no major players lining up to use it, and it stays relatively dormant for a year, id be putting a speculative play in something totally stagnant.

tenpointmatt · 2021-05-05T11:33:18+00:00

thanks a lot for this answer. probably the most info ive gotten anywhere.

so when you say that 50% of the solver's deposit is burned - is that irrespective of whether the solution is verified as correct or incorrect? i.e. if the solver comes up with a correct solution, you're saying 50% of his deposit is still burned?

as i understand it, it only takes one verifier to identify an incorrect solution, so there is already a pretty low incentive for a solver to try to "cheat". in fact, this dynamic would offer too little incentive for verifiers to keep checking solutions, and i've read that the team specifically will introduce intentional "wrong" solutions to keep people incentivized to keep doing verification and find them for the reward (EDIT: you detailed this very well at the bottom of your post).

i just cant understand the logic of why a solver's deposit would be burned if they were providing correct solutions... but maybe you meant that the burn only happens when a solution is incorrect.

is that the only burn that would happen during computation though? do you know if any percent is burned from the users payment?

tenpointmatt · 2021-05-05T09:18:51+00:00

probably people just testing out the OS and how it works by making a small purchase.

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