/biz/ - Business & Finance

pretty surprised honestly how overlooked REN is in /biz

>>21409963
Held since ico?

>>21410192
no
been accumulating since mainnet launch so around june i think
why anon?

>>21410192
im still accumulating desu
potentialy renVM could be the standard bridge which is becoming more likely as i observe how things are playing out right now

>>21410538
I started in Dec. Got in for @ .04. Got 2 darknodes.
Never selling as by my calcs these will be producing $1500 / month each within 12-24 months.
Imagine not getting a retirement node that will pay you for next 35 years.

>>21410538
>>21410627
Not bought any yet. Been watching over last month. Like what I see. Gonna pick up 10k

Want to get some but doesn't SRM make this obsolete when it launches Inna couple weeks?

>>21410734
How much ren for 2 darknodes?

>>21409793
The problem right now is the high gas fees are throttling volume on Ren and limiting fees for node holders. I'm optimistic it will rebound though.

ren dev loongy also emphasizes on security he knows that this thing might have to handle billion $ in the near future.
it was bitgo,kyber,ren who developed wbtc so he knows what he's doing

>>21409793
I got my node. I'll be fine. Fuck sassol and evan.

Eth OG's are the only people keeping this from booming. They literally think all other smartcontract chains will fail when the eth devs are badger dancing and delaying 2.0 till 2021

>>21410908
1 darknode = 100k REN

>>21410908
>>21410734
Wew lad, you have 200k ren staked for your darknodes?

>>21411041
sassol is a fucking clown he tweets too much like a bitch

>>21411059
i only have one

>>21411044
Sorry my connection is bad. I cannot refresh quickly.

Question: isnt the entire market for darknodes going to be satisfied with like, 100 darknodes? REN isnt required to use a darknode, only as a downpayment to run one.

>>21411078
they called ampl a ponzi and led lambs to slaughter with yam which had the same rebase function. Him and Evan only pump projects they're early on.

>>21411059
Actually I bought 225k REN. Was shooting for a 3rd but now dca-ing out of my extra 25k. Will come very close to paying for my whole initial purchase.
Basically got 2 darknodes for free - each earning my btc every month.

>>21411171
Wish I had your intelligence desu
>>21411169
Also truth

Will someone explain the difference between Ren and Serum's cross chain swaps and why it is better? Seems like nobody would bother with Ren when you can do cross chain swaps on the decentralized exchanges themselves.

>>21411165
Anyone answer this?

Realistically, would hodling 10k as an investment be a good idea when never going to be able to afford 100k to start a darknode?

if you guys are into REN join their telegram channel. they have two , official and other for price. both channel always has constructive discussion going on not like some other meme gif party channel

>>21411327
>Ren and Serums
Ren = Actual working product proven and already integrated in multiple dexes with more coming

Serum = maybe one day

>>21411375
if you leverage on aave you'll get to 100k eventually.

>>21411327
i dont know much about serum but ren is minting and burning mechanism. from what you are saying seems like the cross chain swap is limited within their exchange but for example if u want to use btc in eth defi apps, how are u going to do that? you have to mint your btc into renbtc which is an erc20

>>21411375
i think their will be pooling later from a 3rd party. ren dev himself said they wont do it but maybe someday by a 3rd party so if u dont have 100k u can pool with others to share the reward

>>21411327
solana is not decentralized so serum will not be decentralized. 130 Validators is a joke.

What no one will tell you during this eth pump is eth maxis are scared to death of tendermint. It is a much better consensus than the eth 2.0 implementation. Jae Kwon is a savant and his latest gossip on BFT consensus paper is brilliant.

Vitalik's only knock on tendermint is "only the best computers in the world can run it right now so that threatens decentralization." Meanwhile if AWS/Digital ocean were to censor blockchains using it, most ethereum projects would die.

Hyperdrive, Ren's consensus algorithm, is a modified tendermint. You're going to see a lot of projects copy it in the near future when its fastforwarding technique is open source.

>>21411165
A darknode is 100k REN. So max darknodes is 10,000 (1 billion total tokens) but realistically max is probably 3,000 or so.

>>21411455
M8, brainlet here. I have no idea how to do this

>>21411721
they intentionally discouraged pooling to promote decentralization. They literally said fuck you to coinbase staking services and bisontrails.

If Ren promoted pooling this would already be on coinbase with a billion+ market cap, but they want to decentralize the darknodes.

>>21411752
you can deposit aave, borrow a stablecoin, swap for ren, and deposit it back into aave. Repeating this is leveraging. As ren goes up you have a higer $ value in collateral and can borrow more.

>>21411908
Is it risky?

>>21411978
very risky.

enjoy your $20 a month from your $30000 node lol

>>21412001
Because ren might go down in price?

>>21409793
Ren unironically has the sexiest logo of all shitcoins.

>>21411837
Llong is literally one of the top 10 minds in crypto. Newbies should listen to the podcast with Nugget News. The guy is super smart. He actually has a cs degree with focus on decentralized systems. He's not a php-dev faker like 99% of crypto

oh and also there's a million other projects doing the same as ren like pnetwork and keep

>>21411837
when REN price hits above a certain point normies wont be able to afford a DN i mean even now. wouldnt that be a concern or do u think that was the devs intention to design the token economic like that?

>>21412179
things appreciate. most people can't get 32 for an eth node now

Realistically what could REN price go to and would it level of and be stable when max dark nodes are online