/biz/ - Business & Finance

like that it was a 38K LINK tuna that pumped a low volume shitcoin manipulating sub standard unijeet price feeds. Yeah we know

>>27232252
this.
whale dumped on us even though he said he's done accumulating and dumping. this guy holds so many pinakions. it's ogre

>>27232385
he fucked up his play. Got caught up with a bunch of discord normies and thought he would be able to repeat the LINK story through simple memeing. Interesting case study, but ultimately just a loser who played a game he didn't understood

>>27232252
>>27232385
don't get discouraged, newfrens. remember, fud is a good thing

There's a narrative on /biz/ that somehow this board collectively realized the importance of Link and patiently memed it to success.
The truth is that some anons remained autistically fixated on the importance of decentralized oracles through a brutal bear market and ended up making a lot of money, but most of the board gave up early on and fudded the project just because it was funny. For long periods of time, most Link marines were demoralized, watching shitcoins like DOGE moon left and right and fudding their own project just to ease the pain.
It's good to see that some anons still want to help us all make it, but at the end of the day most of you will watch the opportunity pass right before your eyes. Those who hold will later pretend that they knew it was a sure thing, even though at the time they were constantly hoping for an exit point.
Good luck to all holders, and don't forget why you bought in the first place. Compared to traditional investments, PNK has already done very well, and it's just getting started. Don't chase after moon missions; get comfortable with being early.

>>27232791
So many weak hands will get shaken out by PNK dumping throughout this bullrun. I am all in on PNK and never selling. If PNK isn’t a top 10 coin in 5 years, crypto will forever be a meme and be never adopted. For me it’s make it or rope.

>>27233269
Do you think pnk has greater potential than link at this point?

Honestly it's alright that's its not on major exchanges yet, they will catch on and for now just means we don't get part of market manipulation.

the fact that you know that this is a working project, the fact that you know that this is getting integrated with virtually every project and your mother, the fact that you will earn staking rewards every month, the fact that you can easily earn a few ETH a year from minor effort in cases

eventually this will all get distributed more equally as soon as the cases (thus rewards) grow exponentially.

so all those DEX's, insurances, other DeFi related parts that are integrating with kleros?
the fact vitalik shills nothing besides PNK

the whales dumping is even a better sign, the more distributed the pnk is, the safer the network

sure you can chase pump and dumps and make it, but you want a safe route? buy as much PNK as you can; are you poor? DCA into PNK while you can.

if you you've read kleros threads and didnt buy, the same fate awaits you as Ali Hafed.

you just didn't know that diamonds come from ugly black rocks.

staking awards vote:
https://snapshot.page/#/kleros/proposal/QmbMAahL4Xj2oM5cDaPKAW3n7yZKLoQWtuEJLMoWersUsN

also make sure you spend the 10 dollar gas fee to stake, staking will be worth it

staking is piss easy.

>>27234027
How much needed for staking?

>>27234322
http://klerosboard.com/odds/

>>27233787
>kleros currently #180
easily could be in top50/top25

>link
alrdy in top 10, but still has room to grow, if they can get staking details out soon it may pump

>>27232496
>but ultimately just a loser
I doubt that. Dude is a multimillionaire and most likely has already made it. Ultimately we are the losers screwing with our own investment. Nobody wants to buy an indian token.

>>27233787
Yes. LINK is already priced like an emerging but successful company, but their success will ultimately depend on delivering decentralized, trustless oracles that are actually faster and more secure than traditional solutions, which is a difficult problem even with a great white paper and some incredible connections. Big financial institutions will be slow to change, and it will take years before Link's valuation reflects its actual value.
By contract, PNK is undervalued for a project that is already usable for something other than speculation or trading, which is the rarest of rarities in crypto. I actually think subjective oracles have a much wider sphere of applications on a small scale. I know people who sell art on Instagram and people who like to bet on football, and I know existing, centralized systems don't work very well so I can easily imagine how excited they would be to try something like this if it was just explained in the right terms. Honestly, I can see PNK setting off the next bullrun if they just hired someone who could speak to normies.
In any event, I really do think something like this is absolutely necessary if crypto is ever going to be useful to ordinary people, and not just a financial instrument for speculators.
I mean, look at the market cap rankings. PNK is obviously significantly more useful than it's neighbors, but the same is not necessarily true of Link.

>>27234765
this is a good post

stop pressing the team to pay for CEX listings, the best thing in the interest of /biz/ is cases coming in you earn ETH off, once that goes exponential, so will be the return for stakers, and thats how eventually PNK should gain value.

not around hype, but around something that works

if only you knew how comfy things actually are

>>27234245
i thought staking wasn't released yet? i don't think i have any qualifications to act as a juror. don't wanna be losing my pinakions for voting wrong

>>27235430
it's been out for ages, the additional staking rewards has been voted in favor.

about losing PNK's, since it's based on game theory, on average you'll win more than you lose (unless you're absolutely a brainlet and always vote incoherently)

>>27234600
no, he is trapped in a shitcoin from last cycle. He is a namecoin bag holder. and agreed those buying it are truly retarded

>>27235610
what do you reckon should be the minimum stack to stake with? i only own 20k pinakions

>>27235718
staking 20k in the general court will put you at low odds for getting court cases but will get you part of the airdrops

>>27232198
None of this matter though until the team accepts the industry standard and pays for a top tier exchange listing. You want the memes to stop? Tell them kleros team to stop acting like a fucking meme. They shot themselves in the foot fucking with CZ and the greedy chinks.

>>27235779
>build solution surrounding "fair" decisions
>chink tries to treat you unfairly
>tell chink to fuck off
pretty based if you ask me. it's the same kind of merciless autism as pic related

>>27235779
Listing on Binance costs 1m usd in PNK. Literally 10m PNKs. Team has got 250m tokens, perhaps they should stop being fucking greedy or blind given that a Binance listing would mean an instant x2 for PNK and they would recover their money immediately.

>>27235984
>gives PNK to community
>doesn't give PNK to that slanty eyed fiend cz

>>27235984
Exactly. I would be more supportive of their unwillingness to pay for an exchange listing if they actually bothered to fucking advertise in the god damn crypto community. I already know they're talking up lawyers but this is still a fucking crypto project at the end of the day and Kleros team needs to remember this before the crypto community just tells them to fuck off.

>>27236094
The way the team ignores market fluctuations and focuses on development is undeniably based, but getting PNK listed on some big CEXs would not only be good for the price, it would be good for the project's longevity as well. A good listing would increase the number of jurors more than any juror incentive program.

I'm starting to think someone should make a respectful, well-researched post on the kleros forum soon to give them a nudge. They aren't greedy, they just believe in decentralization more than they believe in boosting the price. But on-boarding normies is absolutely a good idea either way, and it should be possible to persuade them.

>>27236236
the juror incentive program is a good marketing proposal, 1M PNK distributed across all stakers for 12 months. That's a million divided over (not taking into account price movement that it may still have this year) over maybe 14% (current staked percentage)

>>27236094
>gives PNK to the community but said PNKs are worthless
OR
>pays for listing so the PNKs given and your own holdings are actually worth something
But yeah what to expect from an argentinian brainlet

>>27236587
you don't understand entrepreneurship or building anything new. you plan for long-term strategies, you plan on spending your time working with other projects integrating their product with yours.

there are so many use cases already, but it's barely scratching the surface on what is possible with this elegantly simple courtsystem.

dozens of researchers worldwide working on different angles from crowd litigation markets to other markets yet undiscovered.

I was early on eth (sub 5 dollar) and early on link (sub 0.30), those were the only alt coins I ever invested it, PNK is my third with the same patterns as the ones mentioned above.

>>27236925
The dude above said it all
>>27236488
>PNK listed on some big CEXs would not only be good for the price, it would be good for the project's longevity as well. A good listing would increase the number of jurors more than any juror incentive program.

Both LINK and ETH were listed on big cex right off the bat.

Question: is Kleros doing anything differently than Chainlink did in terms of exchange listings and marketting? Did Chainlink get to where it is now because of "better marketting", whatever that means in crypto? Did it pay for exchange listing?

Or does crypto simply operate off organic word of mouth and network effect, do exchanges eventually grant you access for free as the team said? Are things going basically the same for Kleros as how they went for Chainlink?

i'll give one more autistic comment

the golden rule of any long term investment is:
>to what ability can the product scale?

everything pretty much runs on ETH at the moment, that's ETH's kind of scale
Chainlink is in bed with pretty much any relevant product, that's LINK kinds of scale

What about Kleros?
>weekly new integration partners
>UNN, uniswap, prediciton markets, other DeFi
>universities are hyped, researching how else this could be used
>fellowship of kleros is a bunch of mega nerds in researching kleros applied to their area of expertise (law, fintech, etc.)

if you truly understand what kleros does, and know that it has no competitors, and there is a new usecase pouring in every day you know you've struck gold.

will it take years for lift off? nobody knows, but considering it's academic legitimacy, working product, proving formulas (game theory), and also has first mover advantage, and the party hasn't even begun yet

>>27237522
Link was similar in some respects, but both were very exceptional in crypto as a whole. In fact, Link was so bad at communication that in the first year there were rumors that Sergey had died or abandoned the project to backpack around southeast Asia. Fudders noticed they were registered in the Cayman Islands and that the supposed address of their office was actually a hair salon, and claimed Sergey was exit-scamming. There was very little visible development on their github, so some fudders claimed it was just a glorified json parser. In fact, Link looked less legit that kleros for at least a year. I believe that their social media manager was just some random chump who started the discord.
Of course, none of this was a good idea and with adequate publicity Link could have exploded years earlier. PNK is definitely squandering an opportunity to make waves early on, which could help fund development.

thank you anons for contributing. pnk is an opportunity for all newfrens and OGs alike. there's countless threads on countless different projects. as always, DYOR, but this thread should give you a good idea about what kleros could become. long-term hold. just like link was and still is.