/biz/ - Business & Finance

What happens if there is a pool, and nobody sends eth bought from a cex because they risk prosecution?

>>23024194

WELL THEN THIS SHIT GOES STRAIGHT TO ZERO

>>23024263
yes.

>>23024194
Why would they be prosecuted?

>>23024334
Facilitating a plethora of illegal activities. They are community driven projects, aren't they, so devs not responsible, but the community

>>23024374

so what is the point of uniswap in the first place? are dexes destined to fail? I dont understand.

>>23024406
dexes, not necessarily if they comply with kyc and aml. dexes like uniswap, yes

>decentralized

LOL

>>23024440

there is no point of a dex if it has to do KYC and AML

What happens if all the pools are pulled at once? They all get stuck because of gas?

>>23024472
you get it, there is no point in dexes. Why do you think CZ has positioned himself as he did over the last month. The chink will be the only one profiting from this shitshow.

>>23024517

so what if dexes move out of US jurisdiction

>>23024573
>Dexes move out of US jurisdiction
Kek, you don't seem to fully understand. A dex is decentralized by nature. For those with devs managing the platforms refusing Kyc and aml compliance, the only real options are Venezuela and North Korea. For the community driven projects, we are entering the next stage of regulatory crack downs, this time it is going to be the users. So if you don't bought your pooled crypto by cash in a McDonalds restroom, or went through the extra steps of sending it through a thumbler or using xmr the real way, it's a letter, no matter if you sit in the US, an EU country, the UK, Australia and the majority of other countries.

So this is dumping cuz of some regulations?

>>23024671
increased supply

>>23024682
Good lord, what a faggot I was for listening to people talking big about how awesome "pools and liquidity farming" are.

All they do is drive the price down. This shit will be as low as BAT eventually.

>>23024642

what are you on man? MDMA? I aint getting any letter in the shithole EU country I live in lol. You dont seem to understand how world works. Maybe in the US, but in Romania you wont get jackshit gayboi

>>23024753
you might want to read up on the EU single market regulations, money laundering and terrorist financing laws
>I'm a gypsy, I'm safe
Good luck, I heard Romanian prisons are especially cozy

>>23024093
then go onto BonFi jeez relax. do LP and stake with all the defi glories you desire

>>23024642
>>23024800
So what you're saying is, they are going to start putting people on watch lists for buying into DEX coins under the assumption that you 'must' be doing it for illegal activities?

>>23024821
stupidity doesn't protect from punishment. What I assume will happen is that some examples will be made, some will just get fines and a slap on the hand. But I might be wrong, Europe is in a crisis and governments need capital to pay for all the corporate welfare.

>>23024862

this is the funniest shit I´ve heard in a while. kek.

Not happening bud, sorry to break your fucking wiild ass fantasy.

>>23024093
been telling you it will keep bleeding money, but you never listened

>>23024938

did you?

>>23024922
>It is totally safe to buy drugs online
>Nobody will knock on your door because of a bit of blow

>>23024948
I was thinking over the last hour. The pools keep increasing supply, the people take their pool rewards, dump it on exchanges and whales buy up the dips.

However the whales buying the dips don't seem to outweigh the strength of the dumps. I might wait for this to hit $4 again and GTFO to be honest.

>>23024968

kek comparing to trading on Uniswap to buying drugs KEK. GTFO of my thread

Its crashing because theres 3rd party devs that dont want to give the airdrop they recieved to their low iq users. Instead they want US to pay their users by including them in a 2nd airdrop. Remember to vote no to their proposal so UNI can finally moon to $20

>>23024968
> buying drugs on darknet is the same as buying crypto on coinbase

>>23025014
Buying crypto and putting your crypto in a pool providing liquidity are two different things. One is similar to being directly involved in setting up and maintining a dark net market

>>23025031

yeah fuck those guys, they want free UNI. What proposals should we vote yes on? When is the voting good to go?

>>23025031
Friendly reminder: Governance unlocks on the 16th-17th of this month.

>>23025156

what does it mean for UNI? like you can start voting, but unironically, is it bullish or bearish

https://medium.com/dfohub/a-black-hole-in-uniswap-v2s-front-end-router-is-draining-the-value-of-tokens-26f5a459b5d7

>>23025039
coinbase has KYC, AML and is working together with the IRS and other authorities, I don't think uniswap and those setting up liquidity pools have.

>he still holds free governance tokens instead of PS5s

>>23025287
desu, I thought that because it is a governance token, whales wouldn't want the price to get low and become affordable for plebs. I thought they'd create dips to scoop up more coins and eventually moon it so it's too expensive for most people.

>>23025301

kek, so that is why all the Uniswap investors dumped the second it hit the market?

>>23025380
Dump to scare people into letting go of their bags heh. I don't know what's going on with this coin. Imma sell on the 6th when REN hits Coinbase and swing REN a bit cuz it'll go up in price before dropping, hopefully make some money off that.

>>23025380
>shitcoin gamblers
>investors
uniswap is full of 80 iq pajeets

>>23025410


well, if their intention was to scare everyone, I think they are extremely successful.

>>23025420
Very successful. Even I'm worried this coin is destined for 25 cents lol.

>>23025428

Current price impacts your current perception remember that.

>>23024468
Its literally most decentralised thing in crypto cluless fuck lol

>>23025591

no it isn't lol. it's run by a company made up of a handful of people who basically determine everything that happens to the protocol. DFOhub is the only genuinely decentralized thing in crypto, because everything happens 100% on-chain with no need to trust some off-chain centralized intermediary like uniswap incorporated

>>23025625
does DFOhub has KYC and AML in place?

>>23025625
You are moron its fucking protocol
to shut down v1 or v2 you need to shut down ethereum lol
How do you think they deploy new version they literally need to make new Vx and beg ppl to move lol

>>23025625
I mean you cant be this dumb cmon lol
You can arrest every dev and kill frontends and fucking v1 and v2 would still chug on

>>23025732
no, you simply need to drain the pools and close one single provision lane

>>23025817
>simply drain pools you cant stop ppl to add in
lol ok so you are idiot

>>23025686

no. it doesn't need it

>>23025732
>>23025765

not true, but besides the point. the fact of the matter is that uniswap is directed by a centralized, off-chain company - you cannot argue with this, because it is true - that implements all development decisions. Without the Uniswap team, there would be no development

>>23025852
>Ignoring the second point
If you have to comply to AML and KYC rules as a liquidity pool provider, while cexes are setting up the same, how likely is it that dexes like uniswap will grow?

>>23025852
>He doesn’t know
https://medium.com/dfohub/a-black-hole-in-uniswap-v2s-front-end-router-is-draining-the-value-of-tokens-26f5a459b5d7

>>23025939
>It doesn't need
The company that set up the contracts doesn't, those setting up liquidity pools, other story. I mean it is clever from a devs perspective to shove the legal responsibility to the customers, but not really a selling point if you are a customer

https://beincrypto.com/how-uniswap-could-be-draining-the-value-of-defi-tokens/

>>23025977

kind of a moot point until governments all around the world force KYC wholesale onto crypto, don't you think?

>>23026054

we are dumpiiiiiiiiiiiiiiiiiiiiiiiiiiiiiin

>>23025956
>>23025960
>>23025977
>protocol does not have companty its just company pumping versions of protocol lol
>no reading comprehension of his own links omg

>>23026054
Is there a cex left that doesn't comply with AML rules and require you to send them identification if you trade over a certain limit or want to use it as fiat on and off ramp? just saying, it is pretty obvious that the time window is closing, and there is no retrograde immunity for terror finance, money laundering and breaking international law

>>23026150

Thanks to uniswap. Not for long though... the buidl devs are the most based in town

>>23026166
>Company provides protocol to let users set up liquidity pools
>Users set up liquidity pools facilitating illegal activities
>Company no responsibility
>User using protocol to set up pools full responsibility

>>23026185

I guess we'll cross that bridge when we come to it

>>23024968
Well, nobody will. I got confiscated few grams of darkmarket blow once by customs, nothing happened. They even delivered the package with empty bag, but there wad little bit of coke left, enough for one nice line.

>>23026224
Crossing that bridge means the end of a lot of individual existences for those that didn't go the extra mile to completely obfuscate their real identity, and just some very basic blockchain analysis shows that most left traces to cexes that will not think twice about either risking to be hung with the accused or just provide their information

starting to feel pretty good I traded my UNI for other stuff while it was above $4

Still have 100 UNI left...might throw them into something promising like BiDao.

>>23024093
you literally got it for free retard. how can anyone lose on this

>>23026210
>User using protocol to set up pools full responsibility
Yeah worked out for torents and pbay they are totally dead

man thats like whole point of 2p2 kek

>>23026419
do torrents need good cash flow to exist? A constant in flow of new monetary capital to be of use? No

>>23026406

I poured in 200k

Will AAVE users also get fucked or is it just uni? What about Celsius?

>Uniswap
>Unicorns bruh lel
What a gay name for an exchange

>>23026483
Aave will probably be required to introduce KYC and AML on the back-end, as they are more similar to the old dexes that got fucked. Deco should provide a way to comply easily and prevent criminals from misusing the tech

>>23026512
Im not too worried about kyc, i just don't want legal troubles

>>23026560
nobody legit is worried about KYC and AML or other regulations that protect them from becoming a potential victim and giving the space more legitimacy, but those aren't the primary targets, just maybe pawns being sacrificed to send a message

>>23026196

I got in buidl at 10c and just sold a few days ago.

The bleed will not stop. The vampire bots are also an excuse I suspect, it's not the only reason for the dump.

>>23026465
They do need seeders same as amms need lps lol
Literally same shit

>>23026884
No it isn't the same shit. One can be done with your dads computer in a basement with no capital requirements, the other requires you to borrow your dads credit card and change his hard earned dollar for fantasy internet money

Y'all are dumb. Uniswap isn't an exchange, it's just the protocol.
The upcoming ripple dex will be powered by uniswap, flare/xrp provides liquidity.

>>23026922
$341,983,816,817 capital in market to be deployed wtf are you talking about lol

>>23026933
If your brain isn't made to understand that for a dex based on liquidity pools to exist, a constant flow of monetary capital is needed, better go back into your basement and share the newest Tomb Raider on limewire. A bomber squadron doesn't directly fly over a battlefield, it is primarily used to bomb supply lines and destroy the flow of fresh material to maintain the battlefield

>>23026678

They literally just announced on Discord they have a final solution for the bots

>>23026678
>>23027216

As for other factors in the dump, yeah there probably are. But I expect the selling pressure of the bots have been the catalyst. As for it being an excuse, I've never come across devs who care as little about the price as these. I think the only reason they're doing something about it is because it's artificial

>>23024093
>it was airdropped with a $0 cost basis to millions of third world street shitters
>so the way i see it is, it can only go up
>$100 EOY
>GUAR-AN-TEED

the absolute state of /biz/ brainlets. should have sold at $6-8.

>>23024440
lmao there is no exchange you dumb cunt faggot. it’s a piece of code that has been deployed. faggot.

>>23025255
Lol, Rey mentioning this in uniswaps discord. You will get banned.

UNI price is also getting arbitraged to shit with vampire bots leeching ETH from pools.

>>23027379

so that is why it went up to 8 dollars?

>>23027600
What? They ban for pointing out future regulations, destroying their business model if they don't find a solution. Sounds like a shitcoin discord banning people that spread "fud"

>>23027665

They ban people for pointing out vampire bots too. Centralized dictators

>>23027216
gas the bots

>>23027600
what do you mean?

>>23026337
>but there wad little bit of coke left, enough for one nice line.
lol based

>>23028118

https://sys.4channel.org/derefer?url=https%3A%2F%2Fmedium.com%2Fdfohub%2Fa-black-hole-in-uniswap-v2s-front-end-router-is-draining-the-value-of-tokens-26f5a459b5d7

>>23024862
>stupidity doesn't protect from punishment
the right to ignorance when it comes to financial matters is literally enshrined in law in most european countries
you obviously can't be a repeat offender, but your whole narrative is delusional

>>23026475
larp. why would you buy something we got for free?

>>23028202

cause of the fees.

>>23028185
and that is why people get banned for asking questions? I say I revealed a hard hitting business destroying issue, they were certainly aware of, chose to ignore out of greed, and is the reason why nobody with any relevant capital that isn't a criminal anyway has touched defi with a ten foot pole. It is coming, that is a point, and now that the cat is being talked about, things will go fast.

Never trust tech nerds willingly working together with agency and criminals

>>23028298
>and is the reason why nobody with any relevant capital that isn't a criminal anyway has touched defi with a ten foot pole

damn is it 2013 again?

>only criminals would buy cryptocurrency

are we really gonna do this again?

>>23028606
This is the next logical step to strengthen a new asset class from being misused by criminal elements, and nobody says crypto is only used by criminals, but as nobody serious was willing to consider crypto prior to 2013, nobody serious is willing to consider defi prior to October 2020. Did you really thought that removing centralized responsibility and delegating it to the users will work forever? Sometimes I get the feeling I'm not sparring with seasoned anti-statists and criminals knowing what they do, but simply small children still believing in an Utopian society that has no chance.

so someone tell me wtf does uni do? i have 400 and it seems like it’s going down

>>23028821
It makes you rich

Should I panic sell bros?

Shit this thing isn't holding 3.7 support anymore... I'm getting shaky hands here bros.

>>23028977

>>23024440
>dex
>kyc and aml
retard

>>23024642
LOL schizo thread

>>23028977
>>23029160
What price did you buy in?

anyone else just haven't touched their 400 and just chilling lmao

The amount of fud here makes me suspicious.

Always do the opposite of what biz says.

>>23029258
Yep

>>23024440
>>23024374
get a load of this faggot boomer wanting to arrest and prosecute a smart contract.

>>23029225
I'm holding the free air drop still lol. Lost a lot of unrealized gains.

>>23029209
>>23029223
>>23029340
>>23029375
Great defense. Have a nice day trying to dispel legit questions with memes

>>23029431
What's the point? Convince the whales to keep buying it up?

>>23024406
>>23024472
Correct, its why IDEX is dead when they implemented KYC and everyone moved to uniswap. The feds will try but they will realize its much easier to just accept the DEXs and make money off people converting to usd and paying tax on that instead of shutting down every exchange. Besides, look how long it took them to get bitmex and thats a cex. By the time they attack a dex a new one can just be spun up.

>>23028740
shut up goy

I bought some at $7 like an idiot. Only the dead can know peace from this pain.

>>23030075
I bought at 6.45. I know that pain bro.

>>23030718
>>23030075

Dont worry guys, just put it into savings in Binance and when the fees kick in you´ll look back at all of this and just laugh at everybody else.

>>23030883
tell me more about the fees i remember reading about it vaguely

>>23030075
I switched all of my Link at it's bottom (then $10) for UNIs top. It's magical how retarded I can be when I FOMO

"Once the protocol switch is turned on, UNI holders will collect 0.05% of each swap, while LPs' reward will decrease to 0.25%."

protip dummies

uniswap is going to add uni pools for each token soon
aka uni will act like snx

>>23024093
glad i sold 2 days ago jeez. should have realised that people are going to dump the tokens they get for free

>>23030917

So LPs generate 0,3 % fees from trades right, UNI has a fee switch taking 0,05 % from those fees and redistributes it to the holders.

Yesterday, Uni generated almost 1 000 000 USD in fees

There are around 180-200M coins in circulation

Imagine, Uni generates 3M in fees, it already has done that in the past.

You do the math.

>>23031170
what do you mean?

>>23031467
Worst case: 10 cents a day for holding 400 UNI?

>>23024374
So why not go after Vitalik then?
This sounds a bit like TPB again.

W-what happens when the timer runs out?

>inb4 Rewards end

>>23031467
so 30 cents per day

>>23031788
Guess we'll find out in 43 months.

>>23031955
*years

>>23031467
how do i see how much uniswap generates in fees?

>>23031989
>>23031955
Your're both wrong.
Due to the universitality of the project, its been written in cubic time, its not for people who have been educated stupid.

Do I sell or hodl? That’s all I want to know

>>23031564
yes

>>23032049
uniswap.info

>>23032382
Not bad if you get 5k+ during a dip.

I took a total break from crypto in september and got back 3 days ago
As soon as I noticed I had 400 UNI, worth $1600usd, I sold that shit asap

There are thousands or hundreds of thousands of people that got smoked during this summer's bullrun and left. You can bet your ass if they come back and get 400 free UNI they're all gonna sale. You can't be picky upon receiving unexpected free money

As soon as governance is rolled out this is going to $20
Nice fud campaign going on to get it cheap

>>23032492
>As soon as governance is rolled out this is going to $20
>Nice fud campaign going on to get it cheap

A lot of effort is going into saying it's worthless and I trust no one.

>>23032594
Shouldn’t trust me either desu
In all seriousness just hold lmao

>>23032382
What form will those rewards will be distributed in, though? If it's in more UNI, or WETH or something like that it's great, but if it's endless dust of countless shitcoins then there's practically no point for anyone but UNI whales. Gas fees for claiming and trading .0000001 POOP will radically outweigh the gain.

>>23032417
Of course not, if Uniswap keeps growing, this is the golden ticket. People are just fucking stupid right now.

>>23032680
If you were on the IRC you would know, it will be paid in ETH/WBTC at a 50/50 split.

>>23032680

There should be a vote on it. Most likely WETH

>>23033011

what IRC do you have in mind? Telegram/Discord?

>>23032998
There's always some downside I don't know about.

The new idex, with tokens. Not here to stay

>>23033051

You cant have perfect information, nobody can. That is the whole point of markets.

So am I supposed to sell, bros?