/biz/ - Business & Finance

cheers to that

>market obliterated, especially alts
>pnk barely moves 3%
gg wp

How is PNK maintaining it's price so well?

>>24666287
Nobody is selling.

>>24666287
one whale in particular won't let it go below 10c. He has another 1000 ether and 5m PNK in the uniswap pool, so he has a lore mor pnk than you see in the wallet, but any time it goes below a certain point on the eth chart, he throws more eth or btc at pnk and buys up any sells. He has another $500k left to buy.
https://etherscan.io/address/0x3d96a409b46d945d2802330b968b1de917ce597f#tokentxns

Any stacklets selling him their bags are probably making a huge mistake.

>>24666578
>orders of magnitude more than me
fuck.

>>24665859
S I R S
I
R
S

>>24666578
Sorry guys, you know how it is, $1 per pnk and all.

>>24666287
village rserves

I'm not saying PNK will ever hit BTC numbers but I'm getting the early days of BTC vibes from PNK. I'm just seeing parallels between using internet tokens to buy drugs and internet tokens to sentence someone to death in Kleros court.

>bitcoin is now down 5%
>ethereum is down 9%
>pnk is down just 3%
JUST SELL
IT'S A SCAM IT'S GOING TO 0
SELL ME YOUR STACKS FOR PENNIES AAAAAAAAAAAAAAAA

>>24668863
decentralised decision making is a pretty huge concept. Just like decentralised banking/currency and decentralised computing. I don't think it'll achieve ETH levels of success, but I do think $10 is fud.

>>24668885
>decentralised decision making
cz owns enough of uni to influence votes
what is stopping any one from doing that?

>>24668922
Very luckily the coin distribution for pink from the get go turned out quite well. It is already pretty decentralized. Just go on etherscan and check top 100 holders chart and compare against quite frankly anything. It is so comfy

>>24668922
the difference is the incentive model. CZ won't get penalised for making the "wrong" decision if he votes to fuck over uniswap. If he bought all the PNK tokens, he would (over time) lose his stack to other jurors. And in the samson scenario, where he really did buy most of the tokens, you'd just fork PNK and delele cz's tokens, like how Hive forked from Steem and deleted Justin Tron's tokens.

But you'd probably never need to fork PNK - the possibility alone would be enough to deter people from trying that option. And remember, you'd need about 200 million dollars to buy 51% of tokens, because the more you buy, the more the price goes up. Anybody trying to game the system would lose a *lot* of money, and PNK holders would make a shitton from selling to that person. Then they'd just go start PNK2.0.

>>24667316
>pnk id
>id starts with k
fuck, it's really you

Top 100 PNK holder here. Not selling till $20.

>>24669008
Sounds even more comfy than the book's explanation
>>24669062
top 150 here. Do you really think $20 is realistic?

>>24669723
Top 500 here. I think it’s going to have similar price action to Link. It will crab under the radar and then move up very quickly

For Link the struggle was never marketing because they just built an unassailable partnership strategy. but for Kleros they need to do some.

3k PNK stacklet here, we're not going below 9c ever again are we

should have bought more...

>>24670006
Suicide stack is only 10k

>>24666578
This shit is what's making me really wanna FOMO in with a large chunk of my savings right now.

Since you've posted this he's bought another 86 ETH worth of PNK (3 separate transactions)

What does he know, /biz/?

>>24670404
this mf has 13M pnkies, wtf!
i feel like a stacklet with my mere 400k now

>>24670404
He knows that this fucker's going to $1 and there's nothing any of us can do to stop it.

>>24670620
stop making me fomo so hard.

>>24670620
>>24671151
kek even the fud is bullish

>>24670497
What does that make me and my puny 100k stack?

Jesus can this be some exchange or something? Or it's really a chad whale?

t. 500k stacklet

>>24671171
55k

The whale sold 5 million PNK yesterday and bought 1 million more since then. Buying back higher than he sold. What's his strategy?

>>24672596
hes confirming that he's one of us

Solded my MIR airdrop for pnk token. Very fair price sirs.

>>24672671
untz untz untz untz untz

>>24669963
Linguo could be huge IF the Linguo and Kleros people don't get a huge stick up their ass about copyright and they allow scanlation activities. For the record, it's not illegal to hire a translator to translate copyrighted material for personal use, it's when the translation starts getting distributed without rightsholder approval that it becomes a civil issue. Theoretically, under international copyright law, there should be no problem with getting manga translation done on Linguo except that results become public once they're written to the blockchain.

On the other hand, I still have my reservations about the Linguo set up anyway. If I were hiring a translator, I'd just use a smartcontract with a Kleros clause and hire someone with a good track record. It's very easy to get a good reputation in translation, so a trustless set up like Linguo is going to have a hard time attracting and retaining quality translators.

>>24669031
>ID says TEN
>$10 EOY

We all know it'll go to $1, the real question is can it go to $5 or even $10
I think $10 is a 5b MC

>>24672788
did what??

>>24673910
I'm more concerned about what a huge price increase would do to staking requirements for courts. $10 PNK means that even a general stake is $5000 for 500PNK courts. That's A LOT to invest into the PNK system. I hope there's plans to adjust the staking requirements as PNK price rises.

>>24674021
There is. It's pegged to a certain eth value. Read the whitepaper

>>24674068
This is what I get for reading the book first. Thanks friend.