/biz/ - Business & Finance

>>19768460
>I'm not a ftm bag holder
Sure you are scammer.

>No one actually cares for that speedtes
That was the ONLY thing you scammers had left defending your shitcoin with your tech crashed fork of Ethereum Virtual Machine. And of course, you are throwing in how much great stuff you are going to do in the future. Just like you did with the 300 000 tps, dag with smart contracts, right? You idiots even made an infographic about it during pre-sale and ICO. You are criminal scammers. Whole chink team exit scammed a long time ago and anybody still in this proven scam deserves to lose all his money. It's that obvious and documented.

>>19678246
How many nodes? Where is your stress test? Why did you fork Ethereum Virtual Machine instead of developing the dag you promised? When did you inform the market that you lied through your teeth in your ICO/pre-sale? Why did the chink team exit scam and when did you inform the market?

>>19678524
No.

>>18695368
>Thank you DAG shitposters, your FUD are so weak and lazy, it makes me more confident I did the right choice at buying FTM and staking.
1. They lied through their teeth about 300 000 tps, dag with smart contracts, when it was clear from their white paper that they had no clue what they were doing. Pure scam. They even had a graph in their ICO showing 300 000 tps versus competitors.

Fantom's white paper clearly indicates a scam. The basis of the consensus algorithm is just DPoS.
1. a set of nodes is selected via DPoS
2. these nodes generate blocks as fast as they can
3. they settle on 'absolute time' using BFT (details appear very susceptible to node-level DOS but let's ignore that) and assume literally every DPoS node is honest). This is called 'atropos' and it also creates a dag of valid 'event blocks'.
4. then each node processes all !!!! event blocks from all nodes. When there's a conflict between contradictory transactions, a transaction that's earlier according to the absolute time is chosen..
An extremely peculiar quote from the whitepaper:
>As each node processes all transactions that are broadcast to the FANTOM network, it should provide excellent transaction processing speed.
what this means: throughput is fundamentally limited to the parallel capacity of any individual node. This is fundamentally less scalable design than sharding, which makes the consensus parallel itself (each node only verifies a subset of blocks).

1/2

>>18159870
Please explain why the WHOLE chink dev team exit scammed after they got their ICO money? Knowing perfectly well that their 300 000 tps, dag with smart contracts was a total lie. The idiots even had 300 000 tps, that they never delivered, as a fact in their ICO infographics, pic. Fantom was a scam from the very beginning.

>>17419568
Forgot the pic.

>>17410846
Nothing new? That the WHOLE dev team exit scammed after they got their ICO money? Knowing perfectly well that their 300 000 tps, dag with smart contracts was a total lie. The idiots even had 300 000 tps, that they never delivered, as a fact in their ICO infographics, pic. Fantom was a scam from the very beginning.

>>17397065
1. They lied through their teeth about 300 000 tps, dag with smart contracts, when it was clear from their white paper that they had no clue what they were doing. Pure scam. They even had a graph in their ICO showing 300 000 tps versus competitors.

Fantom's white paper clearly indicates a scam. The basis of the consensus algorithm is just DPoS.
1. a set of nodes is selected via DPoS
2. these nodes generate blocks as fast as they can
3. they settle on 'absolute time' using BFT (details appear very susceptible to node-level DOS but let's ignore that) and assume literally every DPoS node is honest). This is called 'atropos' and it also creates a dag of valid 'event blocks'.
4. then each node processes all !!!! event blocks from all nodes. When there's a conflict between contradictory transactions, a transaction that's earlier according to the absolute time is chosen..
An extremely peculiar quote from the whitepaper:
>As each node processes all transactions that are broadcast to the FANTOM network, it should provide excellent transaction processing speed.
what this means: throughput is fundamentally limited to the parallel capacity of any individual node. This is fundamentally less scalable design than sharding, which makes the consensus parallel itself (each node only verifies a subset of blocks).

1/2

>>17066086
That the whole ICO dev team disappeared and management transitioned over to a new legal entity, Fantom Korea/Fantom Nexus, post ICO, is not a very good sign. Same with the absurd 300 000 tps dag with smart contracts claim with 2018 technology.

>>17040902
Forgot pic

>>17028155
Where are the chink team now?
What happened to your pre-sale/ICO scam that you would build a 300L TPS dag network with smart contracts? Pre-Sale/ICO whales are preparing class action law suit and you know it, scammer

>>16804727
>>16804808
Forgot pic ICO, here.

>>16754863
I have no wallet, never ever owned FTM, I knew it was a scam right away when they made their insane claims about 300 000 tps, dag technology and smart contracts. Pic, what an utter joke.

>>16747547
You promised ICO investors the world's most advanced dag with 300 000 tps and smart contracts, what you gave them was 18 tps and a badly forked Ethereum Virtual Machine. You still ramble on about dag, smart contracts etc on your Telegram groups, internet sites, infographics etc. Total scam. Pre-sale and ICO whales are preparing class action lawsuit.

>>16706087
>>16706764
They promise the world's most advanced dag, smart contracts and 300 000 tps. Something they knew they could never deliver, so they exit scammed. In came another scammer and took over, Andy the "code reviewer" a guy that asked for their private codes so he could "review" them, i.e. copy their ideas. If they did not give him their private codes, like DAG and MTV did, he would trash them. FTM paid scammer Andy a huge sum to just produce something, while they and Andy kept on dumping on retarded Fantom "investors". Based on their absurd staking ROI, they will start to dump like crazy within 6 months, with little or no competition from you FTM "investors", as your FTM tokens will be locked in staking and you can consequently only look at Andy and chink team dump FTM into oblivion. When the lock up period for your staked tokens ends, your FTM will be just as worthless as BCC.

>>16706612
You are such a stupid Fantom scammer that you can only copy me, nothing more. Here:

They promise the world's most advanced dag, smart contracts and 300 000 tps. Something they knew they could never deliver, so they exit scammed. In came another scammer and took over, Andy the "code reviewer" a guy that asked for their private codes so he could "review" them, i.e. copy their ideas. If they did not give him their private codes, like DAG and MTV did, he would trash them. FTM paid scammer Andy a huge sum to just produce something, while they and Andy kept on dumping on retarded Fantom "investors". Based on their absurd staking ROI, they will start to dump like crazy within 6 months, with little or no competition from FTM "investors", as their FTM tokens will be locked in staking and they can consequently only look at Andy and chink team dump FTM into oblivion. When the lock up period for their staking, their FTM will be just as worthless as BCC.

>>16706529
True. They promise the world's most advanced dag, smart contracts and 300 000 tps. Something they knew they could never deliver, so they exit scammed. In came another scammer and took over, Andy the "code reviewer" a guy that asked for their private codes so he could "review" them, i.e. copy their ideas. If they did not give him their private codes, like DAG and MTV did, he would trash them. FTM paid scammer Andy a huge sum to just produce something, while they and Andy kept on dumping on retarded Fantom "investors". Based on their absurd staking ROI, they will start to dump like crazy within 6 months, with little or no competition from FTM "investors", as their FTM tokens will be locked in staking and they can consequently only look at Andy and chink team dump FTM into oblivion. When the lock up period for their staking, their FTM will be just as worthless as BCC.

>>16687231
They were pressured because of all the scam threads on biz. Also, Fantom must always produce something new all the time, partnerships, new net, new staking etc etc, as much smoke and mirrors as they can, as their tech and business model are utter garbage and their ICO promises insane, pic related.

>>16673775
ICO whales are preparing class action lawsuit. Promising dag technology 300 000 tps and smart contracts and delivering Ethereum fork 300 tps (lie, will be much less) and no smart contract is fraud. They knew they could not deliver their promises at the time they wrote their scammy white paper.

>>16668940
>>16668950
>>16668964
>>16668966
ICO whales are preparing class action lawsuit. Promising 300 000 tps and smart contracts and delivering 500 tps (lie, will be much less) and no smart contract is fraud. They knew they could not deliver their promises at the time they wrote their scammy white paper.

>>16657987
>>16657997
Sorry Fantom stoners, did you not read the medium article. No smart contracts. Maybe "later". ETH is already on its way to ETH 2.0 when that happens it is game over for shitcoins with exit scamming teams. Fantom will go to zero. 500 tps is yet another lie and even if true, there is no way in hell that 500 tps is enough for anything. FTM is a dead end scam project. Idiots didn't even manage to deliver 0.2% of what they promised in ICO. How pathetic is that? ICO whales are preparing class action lawsuit. This shit is going down.

>Opera, as currently released, with over a hundred validators can achieve a throughput of ~500 transactions per second, with ~2s time to finality.
https://medium.com/fantomfoundation/opera-what-it-is-and-what-it-isnt-348fcfba5ccb

What a total joke. They started with 300K, pic, then 80K, then 50K, then 24K, now 500 tps. Even that is a lie, could even be below Nano. ICO whales are preparing class action lawsuit.

>>16604353
>FUCKING KILL YOURSELF YOU PEDOPHILE
You must be talking about the Pakistani spammer.

Didn't you idiots believe that I warned about scam Fantom and your insane 300K TPS claim, just to buy cheap Fantom scam coins? How delusional is that?

>>16552195
Selling their chink scam to investors they lied through their teeth about 300 000 TPS. Reality now is 90-95% less of what hey promised, if so much at all and if mainnet ever. ICO investors are preparing a class action lawsuit.

FTM will lose the coming class action lawsuit. Their promised 300 000 TPS would have had enabled a global currency without any second layer solutions. What they will get now, maybe, is 30 000 TPS. You can not get a global currency for micropayments with that. Nor operating a smart city or whatever. ETH devs are working hard to get million(s) of TPS. FTM promised falsely that they would be able to compete with future ETH 2.0, with only 30-40 000 TPS or far less, they have no chance. You can't just underperform 90% from what you promised in a ICO, without some kind of force majeure

>>16549418
>300k isn't a promise.
Yeah, right. Pic related. The scammers even included it in ICO infographic and compared with REAL LIFE tps from competing projects.

You already have one network out, but as always ZERO documented tps, right? What does that tell you idiots? My guess is a couple of hundred tps with smart contracts. Extremely unsuited for the outlandish claims they are making about future tech products. It's a scam. Deal with it.