/biz/ - Business & Finance

>>16994519
congrats you unraveled a scam put together by simpletons

>>16994519
literally nothing. it's almost like it's a biz flavor of the week

>>16994519
>>16994526
>>16994532
Which group is pushing this shit? I'm so fucking tired of off board discord and telegram pajeets coming here and blatantly spamming their pump and dump schemes.

bigger question yet: where will we sell this shit once the token sale is over?

>Theoretically, a candidate may be drawn more than once for a specific dispute (but in practice it is unlikely). The amount of times a user is drawn for a dispute (called its weight) determines the number of votes he will get in the dispute and the amount of tokens he will win or lose during the token redistribution.

That's what I don't get. If someone staked a shitload of PNK for a certain case, they could potentially outvote everyone else.

>>16994519
The contract party who got scammed will file an appeal, the appellate board will not include the original jurors, and then the scamming whales will lose a whale sized stack when their retarded scheme is immediately overruled.

>>16994519
>assuming the court size is small enough
simple it wont be thats how Bitcoin solves the problem of being 51% attacked. People laugh and say Kleros has been in ICO phase since 2017 but multiple sales is how you prevent having few whales. This sale isnt even the last one.

A whale is more likely to get drawn as a juror, But once hes drawn his vote weighs as much as the poorfag pajeet and their 1000 pnk stake, The Whale also has to Lock more PNK per case then the poorfag does (see pic, whale would have x3 more locked) as a premium for being drawn more often.

>>16994677
well first they have to prove that the whale exists in the network. what if he has 100k accounts staking that can coordinate a group decision?

>>16994597
i've been on all day today, i've mostly stopped browsing. xrp shills are back at it, bsv shilling still going, PNK is the lowcap shitcoin of the week, other pajeets spam ARPA, FRM, and some other shitcoins in random threads. Another thread was some guy who didn't realize we have id's samefagging some stupid larp. One guy started a good thread and didn't reply to me and it died.

We really need fucking jannies and bans on multiple threads and limits to shitcoin threads. We don't need 10 threads about page 5 shitcoin trash. See ya tomorrow.

>>16994638
I may add 20ETH liquidity to uniswap if you want to be poor and exchange them there

>>16994526
the whitepaper is garbage, there is so little thought put into it, and the three writers are all very young and inexperienced, with no connections. It would be one thing if it was some genius paper that explains how it wards off potential concerns, but all of it’s preventative measures are half-assed. They literally say as their first point that the integrity of kleros relies on the low chance of being gamed, a chance they say is low and so it’s all okay nothing to see here lmfao
>>16994677
How is it known that the appellate board is not comprised of the same whales?
It’s easy for the whales to just split their stacks, wash through exchanges and keep rigging it.

>>16994719
Pretty tired so honestly not sure if I'm understanding your point. Are you implying this whale controls the vast majority of juror nodes in the network? Then yeah that would be a problem. But that's a problem for literally all cryptoeconomic systems, not just kleros.

>>16994719
This, no though, no kyc’d transitional period like link unless one of the kleros shills wants to prove me wrong.

>>16994724

>>16994755
*no thought paid

>>16994746
I'm suggesting a whale can own multiple accounts and coordinate them to write a majority decision

why the fuck are we already fud'ing the tech im just trying to dump my tokens for more than i bought em for wtf are u normie faggots on about ?

>>16994755
was gonna say, KYC would probably resolve a large chunk of that issue. I bet you could make a business from that though if the network ever took off.

Like create a 3rd party that collects jurors and provides a voting recommendation to win the dispute.

>>16994770
>>16994719
Whats Stopping Antpool, BTC.com, Poolin, F2Pool
from Shorting BTC then all 57%ing the 157 billion $ network?

>>16994677
>the appellate board will not include the original jurors, and then the scamming whales will lose a whale sized stack when their retarded scheme is immediately overruled.
If the whale has a large enough stake they might be picked for the majority of the appellate board too.
Kleros has not yet solved the Sybil attack problem. Maybe they will eventually decide to have KYC'd jurors to work around this problem?
A small whale with 20MM PNK could have 307 seats on the Blockchain Technical court (most expensive for staking), or 1000 seats on the Blockchain Non-Technical court.
Kleros has been running for almost a year, and in that time there have been a total of 79 jurors drawn. With those numbers, the system can easily be gamed by whales.

>>16994781
good luck with that

>>16994808
This brings back Link nostalgia.
If it had millions in volume it wouldn't cost $0.008359

>>16994793
because BTC is their bread and butter and that would destroy the network. kleros wouldn't be duplicating transactions, it would be extracting value from the network by rigging the game. it could go undetected in perpetuity if precautions aren't taken

>>16994804
>>16994770
>>16994755
>>16994745
>>16994724
>vitalik shills kleros
>biz acts like they’re smarter than the people at kleros
>biz unironically thinks they’re thinking ahead
>biz doesnt realize this shit won’t be needed for a few more years at the least and the team is still hashing everything out.
There’s two positions in this. Those fudding kleros to get more for a lower price or those fudding kleros because they cannot grasp it.

>>16994808
You’re either retarded or fudding to get a lower price Kek. If you did 30 seconds of research you would see they’ve raised nearly a $1m in the last 2 weeks. OG link whale put 800 eth into pnk. Open your eyes

>>16994808
except its literally painting a gigantic bull flag right in your face but you're too fucking stupid and poor to buy in at any rate. good luck.

>>16994846
>point out obvious flaw
>YOU DON'T GET IT DAD

>>16994853
>hurrrrr theres $5k in volume
Literal pajeet. Neck yourself

>>16994878
I know right... how DARE anyone question the intentions of people shilling a lowcap no volume shitcoin on /biz/.... this board has such a great track record of picking winners on page 5 of cmc. Look how many anons agree.... PNK is a sure 2000x.

>>16994852
only a literal retard could look at that chart that capped out at $20k volume this month and do TA on it.

>>16994519
What you’re failing to realize is there’s no real reason for them to collude. All they’re required to do is make a vote. If they try to scam for whatever reason, say they’re part of the dispute and are also voting on it. It can just go through a retrial and then they’ll be btfo. You won’t be able to outsmart the system. And actually trying to plan and coordinate this would be hellish.

>>16994850
>>16994852
>>16994878
Look at this street shitting europoors trying to con you into buying their pump and dump scam. They can't argue so they lash out like jews.

>>16994899
>>16994903
You idiots must be trolling and/or you’re samefagging. But I’ll take the bait. They’re having a token sale on their website and it has raised $900k in 2 weeks. Cmc doesn’t consider volume from a website. I know you faggots are trolling but you got me. Now fuck off and accumulate more.

>>16994846
>Those fudding kleros to get more for a lower price or those fudding kleros because they cannot grasp it.
Keep telling yourself that. OP raised a good point, and you can't counter it without muh vitalik tweet.
>>biz doesnt realize this shit won’t be needed for a few more years at the least and the team is still hashing everything out.
You just admitted it will be years before the token/service is even needed. Not a very good shill, are you?

>>16994932
>hurr durr muh cmc

https://etherscan.io/token/0x93ed3fbe21207ec2e8f2d3c3de6e058cb73bc04d

70 total transactions in the last 24 hours... that's not just buyers... no one is even moving it around besides you retarded shills

fuck off my board

>>16994937
I’m sorry but your reading comprehension of this whole thread is pajeet tiered. There have been many responses by myself and others about the question. Idk what your motive is on a basket weaving forum but you’re not doing too good at it. Good luck

>>16994959
>fuck off my board
Lmfao okay tough guy you really showed me I’m going to leave now. Fucking Kys you absolute Mongloid. Look at the other transactions. $900k+ raised. 800-1000 eth buys by link holders. Have sex weirdo faggot.

>>16994974
LMFAOOOO

blockchain tells everything faggot. enjoy the bags

i'm confused about this coin.
Volume is a two way street.
if it's just a pnd group pushing these threads, who tf are they planning on dumping on?
The volume's nonexistent everywhere, including dexes. And it's been that way for a year.

The meme energy on this coin is weird.

>>16994804
> Kleros has not yet solved the Sybil attack problem.

Yes they are:

Why Does Kleros Need its Own Token?
First and foremost, PNK is a protection against Sybil attacks. In order for an attacker to flood the juror pool, they need to buy enough PNK so that they are selected enough times to be a juror for the same case in order to change the outcome. Generally, this means that the attacks needs 51% of the total (staked) tokens.

https://medium.com/kleros/why-kleros-needs-a-native-token-5c6c6e39cdfe

>>16994967
>I’m sorry but your reading comprehension of this whole thread is pajeet tiered.
You are copying insults that you have seen other anons use, but you are using them incorrectly, and it is making you look silly.
There is nothing wrong with my reading comprehension. OP raises a valid point and nobody has counted it. Your response was "anyone fudding is trying to get a lower price or cannot grasp it". Anybody following the thread can see how inane of a response this is, so why don't you try again?
What is to stop whales from attacking the system by staking multiple times, and controlling multiple juror spots? Try and answer the question without using the word "fud", if you can.

>>16995020
that's what I was getting at by pointing out the volume. literal liquidity trap.

the dump pajeets mad about the discussion here should be glad we're talking about this at all. THAT is how LINK got started here. not a bunch of low IQ shilling.

>>16995064
"We have our own token" is not a valid protection against Sybil attacks. It can increase the cost of an attack, but does not mitigate it. LINK has its own token and still needed additional mechanisms to protect against SA.

>>16994724
I wonder how much crossover there is between the shill groups.
One thread per shitcoin is ideal but will never happen, way too much effort.

>>16995020
>who tf are they planning on dumping on
Any newfaggot on /biz/ dumb enough to fall for this. They accumlate, start shilling for awareness, pump it, scream IT'S HAPPENING I TOLD YOU SO back here and dump on the FOMO retards. The telltale sign for every /biz/ targeted PnD is that they constantly try to get the attention of Link holders.
>muh Link whales are buying PNK sirs
>muh PNK is the next LINK
>muh PNK are LINK are bros
>LINK LINK LINK

>The meme energy on this coin is weird.
How don't you recognize this pattern? Are you new too?

>>16994770
>>16994804
>>16994937
>>16995066
>>16995080
I'm tired of having this same debate in multiple threads in parallel so just going to point to my other response here and call it a night.
>>16995047
You all may have a point that the kleros team hasn't elaborated in depth about the precise anti-sybil mechanisms that will be utilized, but as others have said it's a work in progress and it's disingenuous to suggest sybil attacks are something that cant be mitigated to a large extent with even basic precautions.

>>16995126
>You all may have a point that the kleros team hasn't elaborated in depth about the precise anti-sybil mechanisms that will be utilized, but as others have said it's a work in progress and it's disingenuous to suggest sybil attacks are something that cant be mitigated to a large extent with even basic precautions.
That's fair. Pretending Sybil can't be mitigated is as retarded as pretending it doesn't exist. You have a rational argument that you have thought about logically. Way better than the anons who can't handle any criticism and get emotional when valid issues are raised.

>>16995086
$200-$4000 volume is weird for 2019/2020, even for a memecoin.
Is most of it staked or locked somehow
it stood out to me as odd, especially for a coin that vitalik has mentioned a few times

>>16995086

What other coin has had this same meme energy? Besides coins like LINK and VIDT which are both actually legit

>>16994519
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What's wrong with the sale? The current price of tokens on the market is 0.00004896 ETH
The lowest price in the sale is 0.000051ETH
Why would anyone buy in the sale?

>>16996196
It's way easier to fill your bag using the sale. I bought like 350K in one transaction in the sale. If I had bought that all on the open market, it would have pumped the price above .000051

>>16994519
Answers all questions
https://medium.com/kleros/kleros-and-mob-justice-can-the-wisdom-of-the-crowd-go-wrong-ef311209ea36

>>16996196
liquidity

>>16995086
That just makes you retarded not buying a PnD before it's pumped. You're literally pissing away money?

>>16994597
> group pushing it
> doesn't realize its a literal ICO and no one can profit off this other than the team which is also unironically based

>>16997086
This

>>16997757
This too. Retard alert on any and all PNK FUD until 3 cents.

>>16997757
>ICO was 1 year ago
>Calls it an ICO and calls other people retards
>Doesn't realize an obvious cash grab scam when it's punching him in his face.

Your mother should have swallowed you.