/biz/ - Business & Finance

>>17064518
A law suit waiting to happen

>>17064518
my bags

>>17064518
>Fantom’s DAG-based design with smart contract functionality can reach a throughput of 40k+ transactions per second and transaction finality in under 0.7 seconds
Too bad your butchered Ethereum Virtual Machine fork and scammer andy's Fantom achieves asynchronous Byzantine Fault Tolerance and tech trainwreck only gives 18 tps and lower than one tps with more nodes. According to your own data. You are scammers and just take numbers right out off your asses and present them as facts.

How do you explain that your whole chink team exit scammed? How you explain your fake partnerships? What happened to your fake smart-city deal with Dubai? Why do you call donations to universities for "partnerships"? Why will NO first world bank or business work with you, only the most corrupt nations and entities in the world, like Afghanistan, and then even making weird blurry comments about cooperation, either that or some friends of scammer andy in the South African bank he worked before. And why the ponzi scheme ROI on staking? And why the shell game with legal entities to avoid American authorities?

Fantom is a scam. Less professional than Bitconnect.

>>17064518
Famtom scammers promised 300 000 tps dag with smart contracts. You delivered a butchered fork of Ethereum Virtual Machine with 1 tps. No one in the business takes you seriously. All you have is a pump and dump scam. It was obvious for everyone when your whole chink team exit scammed and your CEO and founder is in hiding behind a Korean legal entity, exiting from Fantom Foundation.

Pic is your falsely claimed "Oracle partnership" between Fantom blockchain technology and Oracle, - a sales rep deal. It can't get any more scammy than this. To avoid American SEC coming after Fantom scammers, all their lies about partnerships etc are made by their Korean legal entity, not Fantom Foundation directly. Typical legal shell game scam.

>>17064544
>>17064548
The schizo is back. Bullish.

>>17064624
>The schizo is back. Bullish.
That would only be if you ignore hard data and price action and only listen to the vile rambling and outlandish lies from Fantom scammers, maybe.

Hello sirs? Danfoss is like Indian apple sir. We preparing logo on skateboard. Fantom long time sirs!

>>17064548
Pump and dump scam? This shit is never pumping only dumping kek.

>>17064544
Denny you spent months of your life doing this

>>17064758
1. Not Denny
2. It's Fantom scammers that have wasted tens of thousands of hours scamming and spamming.

>>17064779
Their client xar network claims central banks. It’s on their website. Go take it up with them Denny. It’s a low cap shitcoin you have spent months fudding. Some weird shit you are into.

>>17064797
Fantom and XAR scammers are the same. They are using legal and practical shell game scamming.
>It’s a low cap shitcoin you have spent months fudding. Some weird shit you are into.
If this was on plebbit and plebbitors got scammed, I wouldn't care.

>>17064828
It’s not a scam is it. It’s just a shitcoin with staking like loads of others. Waiting to see if the bank stuff is true otherwise it’s probably dead

>>17064875
It's a scam. Everyone knew that their 300 000 tps, dag with smart contracts claims were ludicrous. Chink team of course exit scamming after they got their pre-sale and ICO money, while still dumping on gullible gamblers (believing they are tech investors). The absurd ROI on staking is not for securing the network, as you need far, far lower staking ROI of that, put purely a ponzi scheme camouflaged as staking. Insane lies about partnerships, central banks, smart cities etc. Fantom is a scam.

>>17064928
The fact you call him Andy is a telltale sign you aren’t serious that makes it even weirder

Also staking roi is down to the nodes and token holders now. They can change it if they want. TPS is a work in progress with research papers for improvements documented. Central banks meh who knows, xar network made those claims not fantom, pretty sure a lack of official announcements doesn’t make it a lie at this point in time

>>17064928
I don't think Fantom is a scam at all, be truthful, you probably got like a few k, you want as much FTM as possible?

>>17064994
I think he wants cheaper prices

>>17064955
Tell me what scammer Andy did when he presented himself as a "code reviewer" to get access to private codes and then later join their competitor, scamming Fantom Foundation. Unheard of in crypto. Who in their right mind would buy a used car from this guy, pic? Scammer Andy is shady as hell.

>I don't think Fantom is a scam at all, be truthful, you probably got like a few k, you want as much FTM as possible?
Absurd. I also have zero K BCC, unlike you.

>>17065012
You talking about a guy who finished a computer education in a few months that usually takes years and was asked to stay at the university as a lecturer and so far has thoroughly reviewed tens of blockchain projects. Does that sound scammy to you?

>>17065012
what do you hold then?

>>17065037
Best programmers have little or no education, like Vitalik. Being asked to stay as an academic is not a good sign. Reviewing codes on a blog is not great. Guy is a scammer.

I remember you came into the telegram asking what a suicide stack was when you found out about banks. And the ico whales lawsuit was a joke just like the Andy thing

>>17065111
>I remember you came into the telegram asking what a suicide stack was when you found out about banks
Are you supposedly talking about me? If so, you are a liar.

>>17065171
what do you hold then?

>>17065201
I have a very diverse portfolio, including farm land and precious metal. However, most interesting for you would be central crypto investments. I find these cryptos very interesting:
ETH - low risk
DAG - medium risk, great tech, SanFran US based
MTV - high risk, but ultra low market cap 1MM, a whale in financial distress are dumping 100MM MTV on the market. If they manage to solve the blockchain trilemma before ETH 2.0, and they have a good probability to do so, they will get a market cap around or above ETH. Not bad for a 1 million market cap. However, lot's of angry third world people in their Telegram, after market crash, that must be flushed out before 100 - 10 000x

>>17065171
Yes you Denny Daggins

>>17065254
thanks for sharing, eth is low risk but also not that high reward I think, DAG and MTV I don't know much about, anyway good luck with your investments!

is that they’ve built a module which can be plugged into all kinds of middleware or can be combined with other popular modules from other chains like the Ethereum Virtual Machine, Cosmos SDK, or whatsoever. And well, that’s kind of cool, because it means that existing applications don’t need to work on compatibility to make the switch to a faster network based on Fantom consensus, because the other layers are the same as their existing chains they’re built on top of , customized governance models due to this modularity and cross network trust that scales exponentially with value of FTM being staked and utilized.

PD:while defecating they can read, even if they don't wash their hands

>>17065258
I am not, but I do know that paki-pedo Raphael absolutely hates him and accused me of being him already one year ago. We are different people but may have the same style.

>>17065254
what does MTV tokenomics look like in a nutshell?

>>17065282
Thanks, wish you a great future and good luck.

>>17065297
Full supply is a market cap of 3MM. Founders burned tokens, pic.

>>17065310
thanks, but what can I do with the tokens? are they necessary in the network? do they have partnerships already?

>Danfoss

Wooow!!!!!! Blockchain verified heater thermostats in your own apartment! HOW COOL!!!!!!!

>>17065329
it's actually a pretty big company with 20k employees worldwide

>>17065292
See kek you can’t help yourself

>>17065318
Tokens are the currency in the ecosystem. If they succeed in sharding they will have multiple 100K tps ultra fast at little or no costs. Plus if they succeed, banning MultiVAC will be like banning internet, a political impossibility no matter how hard central banks are pushing for a ban.

No partnerships to speak of in true tech geek style. They will focus on that after launch of mainnet Q2 this year.

They got investments from some of the most professional and largest players in crypto. Kucoin confirms that MultiVAC (MTV) got 15 million USD in Round A strategic investments from: IDG, NGC, Hashed, Signum, Arrington XRP, Dfund, ICODrops, etc.
https://www.kucoin.com/news/en-token-sale-of-multivac-of-kucoin-spotlight-will-start-on-april-3rd

>>17065348
There is no partnership. More lies from the Fantom scammers.

>>17065348
I know who they are nigger I do my work with using their shit sometimes. Not all us are NEETS here.

Oh and by the way, there is zero proof of them working together so fuck off.

>>17065421
well according to their own website they said there peak tps was like 34k.

Having looked into it, I think MTV might pay off due to the very low market cap, however it is hard for small projects to break through, especially since Ethereum is also doing sharding. The MTV website says DAG solutions are too hard to achieve basically, yet due to this fact I think Fantom might be a very good investment. They are trying to achieve something that is very hard to achieve and thus might be very valueable in the future. Sure it is hard to achieve and they are not getting there in one decisive move, but that's what makes it so valueable and precious.

I think Fantom is the clear winner here, However if MTV gains significant partnerships I think it's time for me to pay attention.

>>17065702
a DAG based solution seems to me to be far superior to any other kind of solution. Sharding seems to me, I don't know, a little improvised workaround whereas DAG based solutions are built from the ground up to have a solid structural basis.

>>17065590
So there is no partnership? why are you so angry?

So now I understand why the hostility towards Fantom from a few people here. They bought MTV because it is a low market cap project that aims to solve scalability using sharding. Fantom also aims to solve scalability through building a DAG based project. Sharding is easier than building a DAG based project but imho very inferior technology. Building a DAG based platform is harder to build than a sharding platform but far superior. Due to the fact that it is harder to build, the competitor fans of MTV use every struggle, delay and barriere to overcome to bombard this board with FUD. Well at least I now know what is going on.

>>17065702
>>17065724
>well according to their own website they said there peak tps was like 34k.
That's due to costs. It's expensive to run full scale stress testing. More shards, higher tps but also more costs. With a full scale live version it would be much higher.
https://www.youtube.com/watch?v=GIJ2bi7Hwnc
>The MTV website says DAG solutions are too hard to achieve basically, yet due to this fact I think Fantom might be a very good investment
Dev consensus is that sharding will be the solution for large scale and industrial usage. Dag can be used for segments, like currency or big data. Constellation has the technology and team. Fantom is pure scam and they don't have the team, chink team exit scammed, and they don't have the technology - only lies and absurd claims from Andy. Constellation has a working contract with USAF.

>>17065037
Yeah because he doesnt even hold any tokens and currently is working on other projects and is just an "advisor" for the dev team. Aka, they are paying Andre to pretend to still be part of ftm because literally no one would keep holding or have any faith in the project at this point. Yeah, you got fooled again Sanpreet

>>17065813
>the competitor fans of MTV use every struggle, delay and barriere to overcome to bombard this board with FUD. Well at least I now know what is going on
Absolutely rubbish. I criticized Fantom long time before I invested in MTV. Fantom is a scam that can be easily proven. Pic is part of Fantom Foundation's official marketing. Lying about their own tps and lying about Visa, claiming only 2K tps when reality is 65 000 tps. That's how scammers operate.
https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/aboutvisafactsheet.pdf

>>17065702
>>17065724
Regarding Ethereum, MultiVAC CTO was asked about ETH 2.0 in an interview and stated the following:

>Ethereum 2.0 chose to be compatible with too many previous features like the account model, some features of the contracts, etc
>This harms ETH's future sharding
>MultiVAC doesn't use the beacon chain structure from the beginning
>Different MTV shards can process the data asynchronously in a parallel way.
>MultiVAC's scalability and flexibility are better.

>>17065899
thanks for the feedback, I don't think I agree though. I think DAG is better used for large industrial scale also than sharding solutions.

The DAG has a big advantage to conventional blockchain regarding sharding and splitting up the network. In a Blockchain, all blocks have to be in a fixed order and therefore there are a lot of difficulties regarding splitting up and merging the network together. That is the reason why there are no cryptocurrencies with sharding in production at the moment.

Second paragraph is from a White Paper building both a DAG platform with sharding on top, so no matter how you look at it, it seems to me a DAG based platform is superior.

>>17065929
do you have a link to the original source?

>>17065987
It was a pdf on their XAR website, pic. Not sure whether or not it's still there after I started posting.

>>17065978
Then Constellation (DAG) is the investment for you, pic, not Fantom.

>>17066016
http://www.fantomnexus.com/data/brochure.pdf

Fantom Nexus is Fantom Korea rebranded, I don't think it's meant to scam people though, but I agree it doesn't look very professional. All it takes is one google search to know Visa does more.

>>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.

>>17066054
I think I ll stick with Fantom but thanks for the suggestion, time will tell how things will play out.

>>17066104
I think that 300k figure is more like what is possible in the long term if it achieves its potential. The rebranding from Fantom Korea to Fantom Nexus could have been done for numerous reasons. Perhaps to appeal to a more general international audience. Who knows. Personally I am not convinced it is a scam because the people involved are all educated professionals and still involved. However I do think they should have a clear organizational structure, who is leading the project? why hire Russian devs and not full time devs etc? there are points for improvement. But that's basically any project, hope Fantom is one of the many projects that will make it, will study Multivac and Constellation also btw.

btw that visa 2k figure is what visa handles currently on average, doesn't say anything about the max tps.

https://news.bitcoin.com/no-visa-doesnt-handle-24000-tps-and-neither-does-your-pet-blockchain/

"Theoretically able to handle up to 300,000 transactions a second, FANTOM’s platform will completely revolutionize the way in which smart contracts can be integrated into all industries."

This is from a Medium article in 2018, they say "theoretically" and I think that's the point to keep in mind, it's perhaps a long and hard road to get there, but significant improvements are on the table for 2020

>>17066140
>I think that 300k figure is more like what is possible in the long term if it achieves its potential
It was well known that these numbers were outlandish, same with Fantom's white paper. 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).

This would be relatively easy to implement for utxo-based transfers, but for smart contracts it becomes a pita. EOS tried to make parallel processing work, but they decided the overhead from detecting conflicts makes it too costly, as too often the state access is sequential anyway (a simple thing like a contract that increases an internal counter each time it's called can't be parallelized!). That's why they settled on 'inter blockchain communication' which is really an inferior version of sharding and an admission that Vitalik was right.
Sharding wins because it makes parallelism explicit: smart contracts have to design for it. So instead of one global counter, there would be many parallel counters on each shard and periodic accumulation of them all.

(1/2)

>>17066207
>>17066140

(2/2)

A detail of their 'lachesis' consensus is that it's _extremely_ wasteful in terms of bandwidth

as at worst O(n^2) bandwidth used for O(n) of processing. That's because nodes just spam every block they generate, but at worst only one block from all generated at any second is going to be valid. So each node generates n blocks, there are n nodes, giving n^2 blocks, but only n blocks turn out to be valid at the end.
This is a really absurd design decision. If they forgot about their absurd 'DAG' design and just moved block generation to one node at once, but with parallel processing (same throughput) all that waste would be avoided.
This signals that they have no idea what they are doing, so the real TPS - for real transactions, not specifically designed parallel tests - is almost certainly going to be in the low hundreds, making it a yet another forgettable DPoS network

>>17066165
Fantom falsely presented average VISA TPS as max TPS. They even compared with their own false max TPS claims. Their whole argument was their lie about high TPS compared to VISA. A clear fabrication.

>>17066207
>>17066222
I have seen this FUD post numerous times, I am going to read the whole friggin WP, so far I can't say anything meaningful regarding the extent till which that post has any significance.

>>17066245
Well I don't think they falsely presented it, the chart says "processing speed", it's what visa currently handles, 2k tps. But then to compare it with max tps of their own platform does look like a marketing trick, I wouldn't call it a fraud or scam though.

>>17066338
>I have seen this FUD post numerous times,
It's not FUD, it was clear for everyone that there was no way in hell that Fantom would be able to produce 300 000 TPS, dag with smart contracts, based on their white paper. It is abundantly clear when the Korean ICO dev team just exit scammed and got replaced by Russian temp devs. The Koreans knew damn well that they could not deliver what they promised in their ICO. Same with scammer Andy, as he did not even try, despite constant delays, but just continued the lie, only to deliver a badly forked Ethereum Virtual Machine and the usual Fantom lie that somewhere, sometime in the future they will be able to deliver.

>>17066519
we ll see how the project will develop throughout 2020, I am sure we'll both be around, we can keep evaluating stuff.

>>17066582
True.

>>17066519
why are all your posts copy-paste?

Fantom made claims years ago about TPS and have pivoted massively since to providing consensus and a service. The Korean team is largely gone but to call fantom a bunch Russian temp devs is bullshit. Do some research into any of them and you will see why fantom is deeply connected across multiple governments. Denny daggins has copy pasted the same fud for months like he did in dag threads. He came into the fantom telegram and was asking about banks when they were initially hinted at. Since then he’s been on this campaign Pretending he’s into MTV. In reality there’s a private group from dag who come up with this nonsense. Most of them dumped fantom for dag months ago idk why they hold this grudge

>>17066866
maybe they hate white orthodox christian heterosexual males? seriously it's obvious FTM is competition for MTV/DAG and that's what mainly drives them. It's up to us to reflect on the FUD though.

>>17066866
>He came into the fantom telegram and was asking about banks
I am not him and I have never been in your Telegram. Just as I warned about Bitconnect, Nano etc, I warn against Fantom. Nothing to do with my portfolio.

>>17066519
You've spent thousands of hours doing this over the past half a year
You're mentally unwell, do you spend this much time in the BSV threads?

>>17066965
>You've spent thousands of hours doing this over the past half a year
Rubbish
>You're mentally unwell
Says the scamming idiot that spends thousands of hours sh1tting up biz with lies and low IQ spam
>do you spend this much time in the BSV threads?
They don't lie and spam as insanely and rabid as you Fantom scammers do.

>>17066965
They must be people trying to buy really low. FUD is annoying. Literally nothing launches without a hitch and Fantom's done pretty well. TPS is still very high and people are using screenshots of the wrong test version.

>>17066999
>Rubbish
You've been in damn near every fantom thread all day every day for the past half year, check the archives
I've never made a ftm thread, and I dont think I've made more than 20 posts in these threads in total, but every single day you're here spazzing out for hours on end.
>>17067011
It's why /biz/ is shit now, every altcoin thread just has spergs spamming shit nonstop
Are they unemployed? Do they think they change the opinion of any more than 2 people? It's fucking weird

>>17067130
It’s either schizophrenia or he’s earning 0.02 eth per day, either way it’s pathetic

Just report the schizo poster for spamming/flooding because that’s exactly what it is. Copy pasta spam everyday like a true fucking retard

>>17067190
I report him every time I see him but mods are faggots and don't do anything
Him along with the "SPECIAL PRICE FOR YOU SIRS" spammer ruin threads

>>17067223
I got him banned for 3 days before just keep doing it and he will get permed for ban evasion

>>17067190
>>17067223
You Fantom scammer and spammers are shitting up biz every fucking day. You are the worst trash ever seen on biz. No documented information, just absurd lies, spam and low IQ trash talk. Fuck off from biz spamming scammers.

>>17067352
It's THAT EASY faggot

>>17064928
someone ought to make a bingo card for you
>muh 300 gorillion
>muh chink team exit scam
>muh ROI/ponzi
>spelling it "famtom" kek
>muh used car from "andy"
>muh BCC
>muh crypto space

Free space is, of course, pic related

>>17067412
Hes also a newfag, he admitted to not knowing what a trip was a few weeks back

>>17067433
lol, moron. It's not logical and my brain discards slang. Ask me next month and I will still not know what using trips means.

>>17067412
There is a reason why you scammy Fantom spamming idiots absolutely hate facts.

>>17067511
so you're actually a brainlet then
if you don't know what a trip is then you're a newfag

>>17067934
>if you don't know what a trip is then you're a newfag
I know what it is, but not the term. If you believe I am a newfag, then you are an idiot.

>>17068059
>I know what it is, but not the term
new