/biz/ - Business & Finance

Anystake is a myth, „staking“ is a myth. This is a Ponzi. The staked coins DO NOT provide liquidity in the DeFiat network. DeFiat is not a DEX. Its not a lending platform. Its just a shell that charges a fee to enter and exit an empty building and redistributes that fee to anyone already inside. That's why your coins never leave your wallet. That's why there's no impermanent loss risk. Nothing actually occurs when you stake your coin other than a fraction of it being taken away to pay to enter the game of musical chairs. A code audit doesnt mean shit when your staking rewards are based on newcomers joining the staking platform

>>30229863

Thanks for the bump.

Why dont you just buy in and sell after the pump if you think its gonna pump short term?

There is currently paid FUD active about this coin btw so dont expect many good replies.

>>30229996
Nearly checked. I saw the previous two threads so I know I'm even for a load of spam replies. I'm just trying to figure out if it will be a gimmick, drain the rewards pool, and DFT will eventually crash, or if there is some kind of mechanism to stabilise the price out.

>>30229996
lmfao "unpaid FUD" aka people noticing that the only, and i mean only, income stream into this project is people buying it

this is, definitionally, a ponzi scheme

i think the amount of discussion over DFT is due to the insane level of delusion by people promoting it and the perverse pleasure of everyone else dismantling it

>>30229634
It’s literally and I mean LITERALLY just a money farm for early adopters. The tokenomics are Ponzi-esque you literally can’t deny that. Staking dividends are only gathered from people who buy and sell the coin. That is it. the coin has no technological function, no leverage system, nothing. it’s just a money farm. 4chan has bought, FOMOd into, and promoted worse scams such as McDonald’s coin, meowth, and EGG. They had MASSIVE pumps, but proceeded to die when the whales made their profits.

DFT might last a little longer, but wait like a week after mainnet launch and then sell. That’s my two cents.

>>30230381

This is boring. I've looked into it and it's not like that at all. You make it sound like people have to buy after you constantly for you to stay equitable and that's just not the case.

Rewards are generated by transactions, so that can be either buys or sells. There will always be buys and sells - even if the price of DFT is going down because people are selling, so there will always be fees to be awarded to stakers. There is also 68,000 DFT ready for the rewards pool right now. That should keep the APY very nice for like a year.

You say also that the only income stream into this project is people buying it. That's literally the same for Bitcoin. It was only ever worth hodling bitcoin in the hope that someone after you would buy it. And I guess you can call Bitcoin a ponzi and that's up to you entirely, but honestly I am just not interested in hearing the same boring point a million times over - I'd rather just work out if this is a micro cap gem or will just be a gimmick.

So I'm sorry but that's the only response I'll give to the constant 'ponzi' fud that I saw in the thread here earlier today.

>>30230864

So this is what I'm seeing and this is what I'm trying to figure out. Do I buy and sell if it pumps 5x, or is this the real deal moonshot?

I heard the Devs are actual descendants of Charles Ponzi.

(Born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi)

They spend their days locked in a basement scheming, planning for this moment.

In hopes they could live up to their great, great grandfather's name.

They don't even code. They hire Italians to do it for them.

>>30231325

Nice bump, thanks.

>>30230927
Drop like 2K and cash out a clean 10K and forget about it. That’s what I’m gonna do. If it moonshots you still made 8K which is still nice af.

I’m not gonna stick around for the upcoming dump.

>>30229634
honestly it will only hold its value long term if they open up the ecosystem to outside money or add more products after anystake launch. which, of course they will, it's brand new and they have several things in the works already. I'm just in it for the moon ride after launch and then probably won't stick around too long

>>30232550
>>30231657

What worries me is that everyone is buying for the moon launch...

>>30232626
oh no lil faggit is worried

>>30232626
what do you mean everyone? it's 2m cap bro, you're super, super good still and very early lol. if it gets to a measly 10m cap which is still peanuts thats like a 5x. If you want a guaranteed 100x within the next week i've got all kinds of magic bean tokens to sell you

>>30229996
Who the fuck is paying people to say "uhhh this looks like a Ponzi scheme"? Genuinely interested to know who is pulling the strings here.

>>30229634
Not again please stop it
Are you stupid or dumb?
This is getting retarded, nobody cares about this project. I'm not buying and I'm not fuding. Please stop this non sense
Dam 4chan is getting retarded

>>30232787

I mean I wouldn't say no to a guaranteed 100x.

You raise a good point though, $2mn marketcap on the verge of product launch is probably going to send this thing to at least 10-20mn marketcap without even factoring tokenomics.

Just don't want to end up bagholding like all the fags who never got out of ASKO.

>>30232916
I think it's some weird reverse shill campaign abstract marketing thing but who knows. this is just like any other interesting new low cap project, buy a small moon bag and move on to the next gem, rinse and repeat. Isn't that literally what everybody does...?

Has that bloke finished telling people that he's not gonna stick around but still sticks around?

scam coin

>>30232626
That’s all of crypto tho. No one gives af about tech, they want moonshots.
>>30232787
Please give me one of those magic bean tokens bro. Just a 2x is fine.
>>30233029
/biz/ is the worst board cuz it’s full of scams. 9/10 coins are scams or rugpulls.

>>30233099
if you catch a 10x(dft is a fairly obvious choice for a chance to do that, or more) then take your profits and keep a small moon bag. I'm sure they will add more shit later and keep the whole ecosystem going, why would they just come up with a few interesting first-mover projects and then give up!? I am gonna dump after a 10-20x if they pull it off but I wouldn't doubt there could be big things in the future. I would be surprised if there weren't, to be honest.

>>30233178
hahaha. this guy knows

So what value does DFT have? What service does DeFiat provide the space that warrants it having economic value which is then reflected in the intrinsic value of DFT? I get that its a meme coin that you can profit off by selling on a pump, but I don't get what DeFiat actually DOES? So it's not a DEX? It's not a loan platform? It's not like the staked tokens somehow improve network security...So... if DeFiat vanished from the face of the earth overnight literally no one would notice or care because it provides exactly zero service, value, or utility. Am I wrong?

>>30233417

To be honest if this even 3Xs I'll take my initial out. Gonna wait and see if it goes lower first.

>>30233686

>if DeFiat vanished from the face of the earth overnight literally no one would notice or care because it provides exactly zero service, value, or utility.

Isn't this just crypto entirely? I'm not sure this is a valid argument against *one* specific project.

>>30230868
Bitcoin was the first digital currency of its kind, designed as a mode of value transfer from one party to another without the necessity of a third-party to facilitate or otherwise validate the transaction. That was its intended function. It is now used primarily as digital gold, per the meme, as a store of value. Comparing it in any way to DFT is disingenuous at best, intentionally deceptive and misleading at worse. Your response here reads as though your mind is already made up and that DFT is a worthy place to park your money, and if that's the case this thread is just a disguised shill for DFT.

>>30233809
faggot cant even read properly

>>30233859

No I just saw that argument made and frankly I buy it.

I am not interested in the argument that because the system relies on transactions it is somehow a ponzi. That's not actually true. If your cell phone network didn't have people making calls it would not have value, but it's not a ponzi scheme.

It relies on interaction but that's just standard for a network.

But I really can't be bothered to get wrapped up in the squabbles of the previous thread. I just wanted to know if this token will be good for one squirt upwards or is a long term hold. Might do neither, who knows.

>>30233809
Uh...what? There are dozens if not hundreds of crypto platforms that measurably increase productive economic capacity in some way shape or form and therefore have intrinsic value. I don't even know where to start. It's like saying, name *one* company that provides economic value -- uhh, okay, do you want that list in alphabetical order?

>>30229634

It's hilarious to watch the DFT shill team transition from the obvious "buy DFT, it's the next big thing" posts to these kinda-neutral-but-not-really conversation starter posts.

>>30234426

I literally only looked at it a few hours ago. You're completely paranoid in your desire to fud this.

topkek their telegram changed strategy but they still get wrecked, almost would feel bad for them but they promote this dogshit so they really deserve it

>>30234067

Because communication itself is a necessity, there will always be new customers joining a cell network to make phone calls over it. What is the inherent necessity of buying and selling DFT?

>>30234812
wrecked by what? no one cares lol

>>30234966
it's okay Rajeesh, I know you want to make it out of your village, just not with this coin

The fud on this coin is so fucking BIZZARE
bought a bag
lets go you ponzi ridden faggots

>>30234965

Not necessity, just a desire to earn dividends from any erc 20 token you own. It's pretty based as a concept but I can see some difficulties with it.

I think it probably has the same problems as most farming projects which is why I made the thread to find out.

And still, there are such worthy people here, trying to protect the poor innocent moonshot investors that are simply looking for an opportunity from making the wrong choice, with no benefit to themselves. Selflessly sacrificing their days and evenings with no benefit for them but only for the greater good. I am so grateful for those people looking out for us.

>>30235715
you need to leave your tinfoil hat at home when you're out there cleaning the streets, Rajeesh

i dont really care if it is a scam or not. theres money to be made here.

>>30235052
this TOKEN will do just fine with or without you

>>30237503

Lmao that's the /biz/ I know and love. Kinda my thinking though. Doesn't take much to move a $2m market cap. Couple of AMAs and a launch date and this at $50 easily.

The circulating supply will always be low by design, and it's also deflationary, so the value will always keep growing. So you do have a solid grasp, and the former scenario you mentioned is how the coin is designed. It's actually pretty ingenious.

>>30229634
It's a gem and there is an extreme amount of FUD it (on a 2 MILLION market cap coin) because there is a huge financial incentive to do so. 1 million USD in the rewards pool on launch. It is in large bag holders best interest to keep prices low now while they can, to accumulate more and receive a larger share of that rewards pool over time. And that rewards pool value will drastically increase as the price of DFT rises.

There will be an initial pump and fall off of course, but the tokenomics and fees put significant pressure on the price to rise in the long term. DFT should not be treated as a short team investment moonshot.

The bottom line is there are many people with millions of dollars worth of completely idle coins. When they learn that DFT can earn them some returns on those assets that they don't plan on touching for years, and it is COMPLETELY riskless, there is literally _no_ reason not get involved. Even if the APY is not stellar there is still simply no reason not to engage with AnyStake.

>>30236707
>>30235715
>>30234966
>>30234965
>>30234812
>>30234426
>>30233686
>>30233029
>>30231325
!!! WARNING SCHIZO ALERT !!!
Most, if not all DFT FUD is done by a single person using a VPN to hide their identity, and shit up these threads. If you look close enough, you can actually see all FUD follows the same format. They repeat the same talking points, all of their posts are in broken, ranting English. Be warned, BE AWARE.

>>30237721
>BsseRv2E
Never seen so much fud on such a small cap coin, must be something in it. If I had LINK and could earn a few percent staking it in this I'd have a go, plenty of others on the list as well.

>>30238140
you are the only schizo here tho

>>30238292
It really is suspicious seeing SO much FUD on a small coin. I am convinced they/him are financially incentivized, trying to get a larger share of the rewards pool. Either that or a schizo gone completely off the deep end

As you say, if you have LINK sitting around.. why not use AnyStake? It's a simple question and there's no real rebuttal. And that's why I believe AnyStake will see much larger adoption than people anticipate. This is a REAL gem on its way

>>30237721

Well your APY needs to beat out the staking fees right. So I guess that's a danger - if the APY fell below the staking fees then you wouldn't want to participate in the network. But I think at least for the first few months with the bonus reward pool thrown in the APY should be pretty damn good.

>>30238481
depends on the apr, how long you'd have to stake and the cost of getting in and out of the stake in Uniswap fees I guess but there a lot of coins on the list to start with, even Tether and WBTC which I have a bit parked.

>>30238952
also depends on you exiting the ponzi at the right time

>>30238481
There was no FUD like this a week ago either. It's just in the last few days. Either they want to keep the price down because they expect it to go up when the audit is done or its some genuine freak who got mad hes banned from the TG.

>>30239353

I dunno but to be honest the fud brought it to my attention.

What's amazing is that we're now several hours into this thread and the one guy is still here posting fud which I just find kinda strange. That takes a considerable effort imo and he can't be doing it for no personal gain.

>>30237721
screen capped

>>30240032
maybe its just because its such an obvious ponzi

>>30240211

I don't believe you actually think this because if you did you would just move on away from it.

>>30240211
Tbh I was reading and have been seeing these threads and they've been interesting.

Maybe cause I'm bored but this Id making 10 posts fudding this made me buy a small bag.

I'll take my lil bag and see what happens, thanks op

smells like curry

>>30240598
congrats

>>30240598

I mean we know that's a larp cos I can see the transactions on uniswap but w/e

>>30241231
kek he probably doesnt even know this