/biz/ - Business & Finance

>>50710269
>so naturally much more of them will be sourced from relatively good faith.
This is where you are wrong, I researched nearly all L1 projects on the markets and it's grim, really fucking grim.
I can count maybe 5 that are build in good faith and maybe 2 that make any sense (KDA and maybe NEAR (but not really considering they are VCd out the ass)). All other projects just don't make any effort to actually be more than a shitty single chain network which is insane. You cannot expect the equivalent of the internet to run on a single core CPU. Because that's basically what trying to scale a single chain network is.
All this lies in contrast to all the tokens that are build in good faith where a lot more make technical sense.

Imagine most L1 projects.
Is the future of finance really central banking on chain (PoS) where nothing new can ever be built because the product has the same limitations as the projects it was supposed to surpass.
Is the future of finance really Smart Contracts that are unsafe and keep getting hacked because someone thought it would be a good idea to make smart contracts turing complete? You're deploying a business model, not just code. This shit needs to be secure and Vyper/Solidty are not able to deliver on this.
Is the future of finance really run on 40 or 200 nodes?
Is the future of finance really on L2 where you degrade the assurance, censorship resistance, and trustless nature of the original PoW design?
Is the future of finance really on systems where VCs got nearly 1/2 of the entire fucking supply?

layer-1 scaling is a monumental advancement in crypto that will dramatically increase the capacity for the sector to grow and Kadena is the only coin that really make sense to me. Nothing comes close, it's a very elegant and robust solution, actually, the best that I've seen so far.

>>50710349
Christ, I missed out on ETH because I thought it was a scam due to the premine. That's even worse.

>>50710444
The fuck does that have to do with anything I wrote. Eth having a premine is not a bad thing and people who think it is are retarded.

>>50710444
Trips. Scam maybe not, but it's definately not decentralized. What's the point of an L1 if it isn't decentralized? Doesn't mean you can't make money trading it but over the long-term these protocols will get exposed for being nothing better than a centralized web2 application. The only network worth building on is Bitcoin.

Monero is the only crypro currency and it's p2p foss.

there's your L1

>>50710349
Src on Pic related?

>>50710594
My own research, you can try finding out data yourself and let me know in case I made a mistake

>>50710602
Thanks, could you explain your research process, if not too much trouble?

>>50710633
Looking up the official token distribution data then counting all the tokens that went to private sale investors and team funds, I generally don't count ecosystem funds.
Also pic related helped a bit

>>50710668
Interesting, thanks.

>>50710269
Come home White Man.

>>50710349
>kadena
>300 mil of the total 1 bil supply allocated to kadena foundation
>initial 9% premine sold in a private sale
>kadena team was mining tokens without any competition for 2 years cause of whitelisted nodes
>9%
LOL
LMAO EVEN

>>50710349
Sometimes I think KDA is the midwit coin. They clearly don't have a solution to cross share liquidity, and they have the same dinosaur solutions to pricing space on chain and incentivizing network competition rather than simply hashing as most other L1's, nothing direct at all. In my view though, the philosophy and design of Pact is genius and they deserve credit for that.

>>50710269
When it comes to L1 crypto projects, Secret network is always my number 1, because it is a L1 privacy protocol, I don't know about others

>>50710349
Very obnoxious shill post. OP's 'high quality' thesis immediately BTFO in the first reply.

>>50711663
He's a rookie, seeking for whom to sell his shit bags to

>>50710444
well it is a scam, but it has the blessing of the sec

>>50710956
>2 years cause of whitelisted nodes
How the fuck can you whitelist nodes in a PoW retard, Post source.
>>50711252
>They clearly don't have a solution to cross share liquidity
There is a solution, simple economics, but even if you think this isnt good enough, same goes for all projects that try multi chain, so eth L2 and cosmos etc
>>50711663
Not sure if compliment or not

>>50711720
in retrospect we are all newbies pretending to know everything, even I who have champion nfts like to make fun of all memecoin lmao

>>50710269
>Nooooooo! you cant just say the truth of something!
>how dare you try to wake people up to this illusion we fake

>>50710349
Eth had more like a 70% premie

>>50712781
Well, you may be fucking right, but I think the level of our knowledge are different from each other

>>50715403
You are retarded

>>50710465
oh sweet summer child

>>50715403
>>50715530
>At launch, the Ethereum platform had 72 million tokens, out of which over 60 million belonged to ICO investors
100% premine lel
what a scammer

>>50715731
>>50715803
Retard

>>50715849
what do you think selling tokens in an ico isn't a premine?

>>50715896
I'm saying that it doesn't matter if it was a premine you froot loop.

I think the point that "it's le premine!" is fucking insane when there are actually important things to talk about, like what the problems with L2 and PoS might be.
Talking about the premine is such a midwit signal it's insulting to anyone who wants to have a serious discussion abotu ethereum. It takes away from more pressing topics and renders threads pointless due to people who have been around for a long time tuning you out because they have heard this a billion times and cannot bother with some newfag who thinks this matters at all.
If you want to talk about the early days of eth why not talk about if the ethereum foundation double-dipped their ICO (they probably did)
Not the fact that "muh it's not like bitcoin therefore bad"

I'm not even defending eth, I think it's a piece of shit BSC tier scam. But I make points for why I think that is and don't just call it premise like some fucking Neanderthal.

>>50716223
all premines are scams
automatic shitcoin unworthy of discussion

>Accidentally say FIAT to coworkers
>"Uh, what's that anon?"

>>50716388
I don't even want to reply to this dogshit post of yours, but I will still try.
Saying all premines are scams is indicative of your inability to explain why the coin is really a scam. If I say solana and you tell me it's a scam because premine I will think you are a fucking clown unable to explain to me why the tech is shit and why that makes it a scam.
The fact that you didn't change your mind after my post, instead doubling down on your belief, is also an indication of you being a close minded robot.

>>50710269
What is the etymology of "fiat"? Is it like the car company?

>>50716479
because, in traditional investing. you go find the investor after you actually have a working product and shill it to them after creating it from working their ass off after taking a loan from a bank.
crypto pajeets just go print some token and start selling to gullible idiots before they even have a working product, usually they just have some copy pasted whitepaper and a shitty roadmap for staking and nfts etc
i see you are a sol/kadena tranny, sol is currently a complete shitfest i cba to even list the issues but it's currently being hacked and drained
kadena is another one with the traditional roadmap of exchange listings with nfts and defi wooooo YAWN scam

>>50716689
>i see you are a sol
I said it's a scam, can you not read. Your brain is actually malfunctioning.
> in traditional investing, you go find the investor after you actually have a working product
You are firstly unaware of how it traditionally works, and blind to the innovation that is an ICO.

I'm done here

>>50716719
>innovation
>selling bags before making working product
lmao, you are gonna lose your money

>>50716760
>not able to argue against the actual tech and focuses on coins being a premine instead
lmao, you are gonna lose your money

>>50716760
He is a poor faq
Loosing money is a hobby for him, I wonder why some poor faq won't invest in good projects like SCRT and put their mind at rest.

>>50716775
the tech seems to consist of connecting shitcoin chains, staking/defi, nfts and exchange listings to sell more premined tokens. and that's according to the roadmap on the website
typical roadmap for a typical premine scam

>>50716940

>>50715849
>retard

>>50716950
you can still sell it at a 2x before it goes under ico price

>>50711626
Anon, privacy will soon be banned by the government, don't you think?

>>50710269
https://m.youtube.com/watch?v=tqJ4x2JFEPo

>>50712781
Of what value is your champion nft anon?
Nft without a use cases is total useless

>>50717189
Well, you may be right, but know it that not all privacy can be banned, those with auditable features will never be banned, because access can be given to anyone you choose to give it to

>>50716388
how do you think your shitcoin currently in your bag paid for its developer ecosystem funds

>>50718222
He's just dreaming

Posted this in another thread so just copied/pasted

>A lot of Solana devs/team are moving to both sui labs and aptos. Solana is in a downhill spiral and they are doing the same shit with a new chain.

Currently only VC funds, but keep an eye on it when it becomes open to buy for the public

>>50717905
Get the fuck out of here you pajeet, all privacy shit are the same
Isn't he same thing got moereo banned in Japan?