/biz/ - Business & Finance

>>20056774
based and DNS-pilled

>>20056774
The new folks are probably curious? What is Pivvr?

>Well if you've been paying attention you've noticed that any shittoken can do a 200x on uniswap these days. Of all these shittokens, the ones least scammy (and thats not saying much) are the PoL tokens. What is a proof of liquidity token? Its a token that proves its liquidity.

Now its easy to launch a token with a huge marketcap because mcap is simply last price of token X total supply. I could create a token right now and make it have a billion dollar marketcap with one trade. But its deceiving. Because you cannot extract 1 billion dollars from the token.

>Why cant you? It would make sense that a token with a billon dollar marketcap would be worth a billion dollars. Wrong. You need liquidity. Liquidity is the total amount of bitcoin buy orders for that token.Thus Proof Of Liquidity was born.

In the proof of liquidity model the total supply of tokens is sent to uniswap along with a seed amount of ether. This seed amount of ether ensures that there is liquidity. But we weren't satisfied with that. We needed more liquidity.

>So we decided to pair a deflationary proof of liquidity token (thats right its liquid and it shrinks - take that to the bank jack) with a stable coin.

What does the stable coin do? It adds double the liquidity.

>How? Because not only can you sell your Pivvr tokens for eth on uniswap, you can sell your pivvr tokens for the pivvr stable tokens which are ALWAYS worth 0.001 eth or 1 pivvr token.

Now smart people will think about this and think, hey wait, theres a problem, if the tokens are back 1:1 with reserves, eventually you will run out of stable coins as the pivvr price goes up.

>And you would be correct.

As the price of pivvr tokens continues to rise the stable coins will be HOT commodity because they are all you to make gains (the increasing price of the pivvr token) without exposing yourself to risk (its always 0.001) ether.

https disc ord gg Qhx Yq Rt

>>20056802
Unironically kys

I told everyone here this coin was going to tank because of the ASICs coming out but nooo.

Everyone downplayed me but every time an ASIC comes out for an alt coin, the coin crashes for a month before rebounding

>>20056791
based

>>20056859
did you fill your bags or you think its going to bleed more?

>>20056859
handshake are stupid for not just using sha256. Why wouldn't you want to have instant security for a chain?
>in b4 "ITS A MONOCULTURE OF HARDWARE SUPPLIERS" - thats a weak gay argument.

>>20056892
considering the first set just shipped, it will bleed more because ASIC miners just mine and instantly sell. The sell pressure becomes insane until a few weeks later.

>>20056920
no, its the sell pressure from having asics for an alt coin coming out. That is why the price crashes as the units are ready to ship. After the ASICs, the price will continue to crash, then it will rebound a few weeks later.

I warned people about this every thread here to stop buying high and look at trends with asics and alt coins.

What did it drop? from a few weeks agos. Its bleeding out. I fucking warned people to sell high and rebuy low but people like you dismissed everything I said.

>>20056920
I'm not sure exactly why they didn't do this, but yeah the hardware supplier issue was definitely part of it. I think they wanted to bootstrap the chain while mitigating the chance of a 51% attack. the chain can be forked to change the algo but I dont know what the governance is like and that would piss off the people whose ASICs got bricked

>>20057079
I feel no sympathy for those ASIC miners getting fucked.

I want them to change the algo. There profits went from 90 dollars a day to 15 dollars a day so they are already getting fucked.

The ASIC is Hummer Miner Mars H1 for those wondering

>>20056774

No it’s not. Not when you have ugly people like wheatpond Eric Meltzer and mulatto boy McKie involved with this crap.

>>20057109
There were some talks of bricking them in the telegram dev chat but I don't know if that's going anywhere. I was looking for discussions about it on the Github but didn't find anything. I did however notice pic-related.

>>20057259
>>20057259
oh god, if they did that then hankshake would rebound so much fucking faster. There are two shipment waves of the Hummer Miner Mars H1. First ones have shipped out and there will be another wave.

I am already happy have their profits per day fucking dropped estimated 80 dollars per day to like fucking 15.

Once all waves get shipped and after a few weeks the sell pressure is lowered then handshake will rebound.

Right now, its very volatile but I know how it looked. It seemed like I was fudding a few weeks ago when I told people the price is going to drop but I was legitimately warning people.

If the devs change the algo, then GG, handshake recovers.

Either way it will recover from the ASICs. Its your choice whether to buy now or wait for later but if the devs were talking about bricking them, then this might be the new low and it may be a good idea to buy.

I can't give you advice when because I had no idea the devs were planning to brick the ASICS but handshake will recover,

>>20057205
Please remember to be nice or else you will be banned.

i'm smart money. you guys shilled hns on here last month. i told you i will wait for ASIC's to dump price to 1 cent. rich now i am enjoying defi gains. will buy hns in a few months.

>>20057467
This is what I did but people told me I was fucking fudding but I actually genuinely cared about people not getting fucked by ASICs.

I hate fucking ASICs.

>>20057467
Except its not going to 1 cent tho, 5 cent is the bottom

>>20057640
i'm wondering if now is a good time to double down. what do you guys think constitutes suicide/make it stacks? sell targets? I do think it's at least going to a dollar

market depth looks fucking abysmal on everything besides gate.io. what exchanges you guys using? any of them allow burger withdrawals?

>>20057804
MXC allows no KYC withdrawal

Been buying everything down
Feels like shit at the moment
But no doubt in my mind we will look back and laugh at all of this going on today
Whale here and will continue averaging down
Future is fucking bright
who’s here smart money

Also there ain’t no bottom
There ain’t no liquidity
Anon with 20k stack can drop the price to one cent
Stay vigilant and try catching the bottom
It will pay off massively in the future

>>20058817
>>20058798
strong signal this isnt the bottom

>>20058854
Not sure how you arrived to that conclusion but I also don’t think the bottom is in yet
We need a nice capitulation that tanks the price and destroys faggots dreams

>>20058854
you can't time a bottom until it get listed on real exchanges, after that there will probably be even more sell pressure for a while as miners dump coins that they can't sell right now.

>>20058798
Where the fuck have you been anon?

>>20058798
>>20058817
Based HNS bull poster

>>20058927
Gettin rekt on this shitcone, accumulating though anon

>>20056932
It’s been dumping for weeks, hope this is end of it

>>20058886
Chinese miners have been selling OTC through wheatpond Eric Meltzer

>>20059209
Are there buyers though?
The liquidity on exchanges is just sad

>>20056774
I've been accumulating but doubt this is bottom. Will load up big at 5c if it gets there

>>20059702
>Will load up big at 5c if it gets there
it will. asic miners sell as soon as a block is mined. they sell before the other asic miners sell theirs. it's just how it works. i'll wait for lower than 5 cents.

>>20059762
That would be soul crushing anon
Enticing as well, increasing my stack to massive amounts

>>20059762
The question is how much would cost the miners to mine? No way they’d sell below cost

>>20059762
nice FUD buddy. HNS Asics are already operational. 6block has a monopoly on them while they delayed shipments to everyone else. what do you think happens when everyone else gets their hands on them? Difficulty goes up. Use your brain

the ceo steve mickie exit scammed

>>20060304
No he didn't, he was never the CEO of anything and is an autistic narcissist. No one wants to work with him

>>20060304
lmao there is no CEO, you kiddo. The project operates much like Bitcoin. You can view Steve Mckie like Roger Ver.

>>20057259
I bought two ASICs to mine HNS. If they change the algorithm I’m going to file a class action with other ASIC owners.

>>20060759
They're never changing the algorithm. All the core devs are in favour of ASICS.

>>20060759
lmao good luck with that. who are you gonna sue? you'd have zero recourse against anyone except maybe 6block and good luck getting a winning verdict in chink civil court. it would be a hard fork anyway so you'd be more than welcome to continue mining the old chain