/biz/ - Business & Finance

Stupid logo, faggot creator
I bought 100k.

Muh ico scam

>>53367057
The only good thing about this scam is that you could have made a fortune on bitrue of it's IOU

>>53367151
What ICO you faggot retard

The eth killer no one on this board wants to discuss. Hmmmmmmm......................

>>53367057
Who?

>>53368028
Makes CCIP look like middle school detention work

>>53367057
FUCK OFF

>>53367057
>massive green dildos
>pic related
???

>>53367057
Delegation bros, how are we feeling?

>>53370167
Voted for, feeling good. Loving the seethe over fip1 on twitter and reddit, kek.

>>53367591
Because is so advanced no retard here understands. Once useful stuff is coded and used you will see more of it.

>>53370436
Kek, I noticed this in the first days of it's launch. Full of retards not understanding even the basics of wrapping and delegating. When we have synthetics and the first bridges to currently unbridged networks people will quickly buy whatever supply is left.

>>53367057
The proposal will probably pass right?

>>53370491
Probably but I will vote anyways. It’s not much but it’ll help.

>>53370484
When will that be? I legit have a 40k bag of this and have no idea what the hell is going on with this project anymore.

>>53370635
not sure DESU. I would try to think of flare as the internet. If you were hyped up about the possibilities of having your PC connected with everyone elses, followed all the info...then the internet dropped, and what? What do you do on it? Thats the issue were facing right now, we have this new superpowerful tool, the combination of FTSO, and the state connector cause the blockchain (flare) to no longer be held back by any restraint in the blockchain space. I would imagine that people are eager to build these tools to capitalize on their creation, and I bet they have been working on it since the network first went into observation mode. I doubt well be waiting much longer, im certain that before Q1 ends well have some of the first 2nd gen crypto blockchain tools to use. Stock up now, the price wont be dirt cheap for long.

https://twitter.com/HugoPhilion/status/1616151462383439874?t=rk91zRJhOtE23UgGgfOTCQ&s=19
>but the State Connector makes it so simple to pay for something on one chain and prove that payment on Flare, triggering a smart contract (on Flare) which delivers said asset, in this case an NFT.
Hugo talking about paying for an nft on flare via ANY other blockchain

>>53370681
Thank you anon

>>53367057
this bullshit got airdropped to me from the xrp i had. whats it even for i forgot

feels like i finally manage to get in early
THANKS HUGO

>>53370167
If i have all of my flare wrapped and delegated to bifrost,do i even need to vote? Will they vote for me?

>>53371897
You’re gonna make it

What do you mean?

>>53370791
these frauds delayed for 2 years and all they've launched is a eth clone with none of the features that make it standout

delete this thread you dumbfuck OP spoonfeeding faggot nigger I hate you so fucking much you stupid stupid faggot

What this fking vote shit. Is it being passed that we just need to hold our flare on an exchange and get paid the rest of the 85% ?

>>53367057
Iou market dump 50% 48 hours before launch
Buy shitcoin at launch for fraction of what it cost airdroppers in xrp

This was a gigantic fuck you scam by those fuckers

>>53373216
>Launch a testnet
>Songibird
>Testnet more valuable than main net
>Everything done on main net done on testnet first
Flare is useless

>>53367591
It doesn't have to be an ETH killer to make everyone with other 100k very wealthy. It just has to not fail in the next 3 years. And if XRP gets clarity in the meantime, FLR will moon along with it. Provided that y'all are delegated.

>>53375939
>100k
Unlimited inflation.
100k will never be worth more than 5k

>>53376247
And i want you to be right, but i am assuming you mean 100k will get you 1m usd?
So 10 bucks? Thats what you are callong for?
Xrp had an ath of $3.85 which only occured when the entire crypro market was priced in btc pairs.
Get ve me your scenario where the tokenomics make this a 10 dollar token.

>>53376247
I'm referring to the FIP.01 simulator ( https://flare.space/dapp/FIP.01/ ). Enter your amount of FLR where it lists SGB. 100k now will be almost 2.25million FLR in 36 months. That's based on 50% of the supply being delegated.

scooby doo ghost town

>>53376423
This

>>53376357
100k from the airdrop or i bought 100k and delegated

>>53373216
Not really an eth clone though is it? Being EVM compatible =/= eth clone. Do you think that every new vehicle that uses wheels is a clone of a covered wagon? Flare was built to be as close to and as simple to use as the most commonly used defi applications. They did this in order to make it seamless for users and devs to jump on and use/build things. The truth of flare, the reason it is so different than anything else is because the protocol acts as an "overprotocol". Flare is natively compatible with every thing. Everything from your current bank account, to your BTC wallet. It will pick up and read any data out there and be able to use that data onchain. It has a similar system as chainlink where the FTSO providers become "trusted" data suppliers, which means that they have put up and locked enough collateral in case what they do is malicious, making attacks extremely expensive and nigh impossible. Everything on flare will benefit from these providers as everything becomes insured against malicious actors. The two years sucked, but I think anons will look back in a year or two and realize that if we would have gotten the drop on time, we would have fucked up the trades due to the stupid games the government has been playing. Only time will tell about all of this, but there is no denying that flare is extremely different in its design than any other chain, its the perfect mix of legacy finance and defi.

>>53376717
it doesnt matter how you got the flare if fip1 passes. Honestly anyone not stocking up on at least a small bag of flare is NGMI. Its probably not going to be a short term hold...

>The collateral securing bridging comes from the bridge’s operators, who are called bandwidth providers. They take a small fee from each transaction that they secure. Bandwidth providers cannot trigger a bridge transaction for a value higher than the amount of collateral they have locked. Additionally, bandwidth providers put up a second identical amount of collateral to cover the chain reorganisation risk.
https://flare.network/layercake/#why
Ok so lets check some maths here anons.... According the layer cake documents, in order to be a bridge operator, you have to put up at least as much as the txn is worth as collateral, a 1:1 ratio Plus another 100% as 'insurance'. Now, this is going to be considered bandwidth, meaning, you will only have throughput as high as you want to collateralize. Ok, so lets take a commonly used bridge and grab its traffic. Multichain moved 39.23M in the past 24 hours so lets use that as a starting point. That means, in order for a chain to do as much traffic on flare as it does on eth, there has to be 78.46M usd worth of flare locked up by that single bridge provider in order to meet the requirements (now this isnt 100% correct, as I dont have a breakdown of how much money is being moved at any given moment, which is what matters, but even when you break that figure down by 24 hours to get a good hourly rate, it still needs 3.26M USD worth of flare locked up if the hourly rate is stable). Now, This is a single feature, and a single bridge provider. The collateralization requirements are higher for other applications (F assets take 2.5x).

>>53377109
Now lets take a look at the creation of an F asset, lets choose BTC, since it will be one of the ones that people would be paying attention to if it was launched. Lets say 1% of all BTCs move onto the network via fBTC. 1% of BTC would equal $4,479,878,884. Now we need 2.5x this in order to move 1% over. This means we need a total of $11,199,697,211 worth of flare locked up in order to bring 1% of BTC on network...well Hmmmmmm well we dont have enough flare on the entire network to do this. Which means, the price HAS TO PUMP to be used. Remember, this was for 1% of BTC. Now imagine 1% of eth and 1% of FTM, and 1% of polygon, etc, etc....

>>53376938
>savior complex spoonfeeder
I really hope that you fall onto a glass jar full of tabasco anus first and it dissapears into you just before it snaps inside

>>53377822
Says the high and mighty gatekeeper.

>>53376995
Yeah i mean, sure, i have 225k bag delegated which was nit even 10k. Your dumb calculator say this will be a mega gorillion after 3 years which means the token price will be 4 zeros

Also, is there a riclist/wallet distro site for this shit yet?

why did I only get like 10% of the tokens I was supposed to get?

>>53377940
All of the relevant data can be found in the flare documentation, you an crunch the full set of numbers to get a good idea of things, remember though, inflation is going to be insane for 3 years, but if you hodl and redelegate (if fip1 passes) then you will keep a pretty stable % of the network. The question now becomes, will people build the applications on flare that connect everything? Pretty sure this one is a no brainer, as all it really takes is 1 dedicated team to start punching out products using the onchain tools for things to start to happen. Remember, I have barely scratched the surface on the features that take collateralization to work.

>>53376938
Flr is a tesla model3 with all its auto assistance disabled and speed limited to 60. All the stuff you listed is great and all but they haven’t even begun developing it. Go ask about s asset progress in their discord

>>53377973
You got 15% of 1.1flr per xrp you had at the snapshot.

>>53377899
I have been outside the past 3 years
I have been ALONE in my city not wearing a fucking mask, protesting EVERY single time I went to stores, took bus, etc. I collected well over a 100 tickets that I didnt pay and am constantly going to court to contest. I have see the amount of brain dead npcs around me who wanted me imprisoned and dead. I had to quit my job, I had to starve, I had to drink myself to sleep, I had to cry... The whole world is against me.
DAMN. FUCKING. RIGHT. I. WANT. THEM. TO. STAY. POOR.

>>53378265
The stuff I listed is also pretty much all out and working already. The only things that are really missing are the connecting of the main network features which bring about the things that people are asking for (namely flare assets). I keep seeing people crying about being banned from chat because they are spamming about f assets...Look at it this way. Flare has from the start tried to tow the line with compliance. They have made sure to minimize the regulatory scrutiny that could be brought to their network. If the main team suddenly drops the flare or synthetic assets tomorrow, they would get shut down by the SEC hard as shit. Other networks have launched similar assets (deus) and have been shut down extremely fast. If these assets are going to be released and not be scrutinized by the gov, then they have to be incepted correctly. I have 0 doubts that the XRP case is playing a big role in these assets, dont expect to see them until the lawsuit is over. *Maybe* f assets will come out, but if any of the cryptos that are chosen to be bridged over at some point in the future end up being securities, well the f asset version is a security as well and now flare is tangled up in the mess. Try to explain the nuances in everything is probably above and beyond anything the flare team wants to do, or even legally can do to a bunch of internet retards looking to make some quick cash in a pump and dump scheme.

>>53373404
>holding anything on an exchange
You are fucking retarded.

>>53370260
Surely this incentive won't lead to destruction.

>>53370167
Voted against even though it would mean I would get less. Fucking jewy whale game this changing the parameters after people paid money to get on board. Ultimately, greed, and the project will fail as a result because everyone just wants to dump on everyone else at the first opportunity.

>>53378980
stop fucking posting aaaaaaaaaaaaaaaaaaaaaaaa
AAAAAAAAAAAAAAAAAAAAAAAA

>>53379129
Its going to be an interesting thing to see play out. I definitely agree with the sentiment that people shouldnt have to hold in order to get this airdrop. I think if things dont go right, there will be a massive dump at the end of the 3 years as basically everyones tokens will unlock at the same time and everyone will be hungry to get some profit. There will be the extra effect of the delegation rewards compounding too. Basically ,if you decide to sell your rewards one week, and everyone else decides to beef up their bags by redelegating their rewards, then you will have a smaller monthly airdrop from that moment forward. It incentivizes hoarding and then dumping all at once, and it does this for everyone at the same time. While I am super bullish on the features of the network, the token distribution and fip1 could 100% bring some issues to the network that otherwise wouldnt be there... although it could simply act as a limiter for whales to dump on us, only time will tell to see the big wallets are going to be reacting to things. fip1 could actually mean more flare going into the hands of those with the smallest wallets.

>>53379234
yeah it's pretty weird
I'm hopeful still but this is quite the red flag.
We'll see. I don't really have that much to lose anyway so whatever.

>>53376995
>Its probably not going to be a short term hold
if you are going to keep posting at least give your worst/best case scenarios regarding timeframes and prices, fucking big brain

>>53378980
Thats a cope, eth has the most tvl of wrapped assets and no ones been sued. If a chain can be shutdown by the sec its a centralized shitcoin

>>53379460
Eth was given a free pass by sec officials with a vested interest in it.
Not the same.

>>53367057
Shut up! Delete this! I'm still accumulating you mother fucker!

one flare = $1 wen?

>>53379551
when three men simultaneously look each other in the eyes

>>53379460
First, we know without any doubt now (court papers from the SEC/ ripple case show) that the SEC has been in bed with ETH for a long time now. But aside from this angle. It doesnt change that the team is trying to stay on the *right* side of regulation. What I mean by this is that, I dont believe the team is going to be the ones releasing the assets. They are basically going to connect everything on the backend, which will then enable to the assets to be created by a different dev (decentralized) outside of the main team. Its all about optics, its the reason we got our airdrops at a $.00 value, they are meticulously paying attention to details...the team from what I understand is also autistic as fuck and I imagine they dont want to play the usual crypto moonboy games that are played in every other discord...But either way, the way they run their discord has little bearing on how they manage the network and this point, we dont have enough info on that(although the fip1 was a bad start).
>If a chain can be shutdown by the sec its a centralized shitcoin
It wouldnt take a chain shutdown to stop an f asset. If the collateral provider breaks the terms of redemption, they lose a good bit of their collateral, making it unprofitable. It also means that there are attackable points in the network by authorities (regulation built in). Start legally going after an FTSO provider and I guarantee they will nix all their minted assets. Probably initiate some sort of buyback (or lose all funds). The network has been designed as a hybrid legacy/defi network. All of the benefits of defi, and all of the benefits of legacy finance(regulations and safeguards).

>>53379575
stupid mushroomtranny
reply to my fucking post or stfu

>>53379334
Its really hard to call things out as the psychology of people due to fip1 is extremely split. There are so many things in play right now that will change the trajectory. We have 2 events coming up though that will resolve most of these things. I am paying attention to the price when fip1 fails/passes. Thats the first inflection point. The second is when the first monthly airdrop hits.

>>53379611
I’ve only bought a bit before the voting is over. I am a bit optimistic but not enough to risk a large portion of what little fiat I have at the moment. Debating with myself to get another handful of them; got a bit of sgb too but only lunch money’s worth on it. Could have potential now that flr finally got released and projects may finally start coming out but man it’s been a long time.
The voting ends in a week, so not long to wait for that, at least.
Also fuck the SEC, bastards one and all.

>>53379713
>Also fuck the SEC, bastards one and all.
kek, heartily agree with this. However. While There are very underhanded things the SEC has done, they do give a few benefits (same as the CFTC, any regulatory body really), namely the safety of funds. They prosecute scams, remove them from existence, and help recover stolen funds. Many of the problems that regulatory bodies bring are mired deep in the code of law, something that has been so arcanely written that no one can understand it aside from a few sleezy lawyers. By trying to work with these regulatory bodies though, we can remove the ability for them to do harm to the space. We can cause all of the arcane laws, that are sometimes ignored, or sometimes misapplied, to instead of being done in the world of man, be done in the world of computers, in an unmutable way. Basically, rules will be defined and then ALWAYS used. If done like this, the SEC would only step in when someone creatively steps outside of these hard coded rules and attempts to scam people. They would effectively be neutered in their ability to meddle in finances. Maybe I am optimistic about it, but I get this feeling that this is the goal that ripple has with their lawsuit.

>>53379611
I dont like your answer, its very jewish in that it doesnt answer anything, elaborate, give a prediction for the next 3 months, year, 3 years
k thanks

>>53379805
You are far more optimistic than me.
They are a bunch of kike sadists, nuff said.

>>53379805
O hi, David!

>>53379575
Ngl hugo looks like a huge fraud, from delaying 2 years to buying a house in dubai with funds he got from flr. That and f assets nowhere to be seen is concerning

like father like son

>>53379551
i think we're headed to 0.001
but don't worry, all those 'in it for the community' bros voting yes will still be extremely enthusiastic

>>53379805

>>53379853
I am saying that there is no use in making any projections right now as the looming fip1 vote will change everything and create so many variables that are 100% emotion based.

>>53380292
mathematically the inflation change in fip1 is awesome. It really kills most inflation down to a manageable level. The issue I have is pairing this with the airdrop change. There is no reason to have this as 1 vote. It should be separate. It would be nice if fip1 failed but the inflation change was voted on separately and passed.

>>53380257
How were we not heading to .001 before? The proposal doesn't change the amount being distributed.

>>53380334
The network is built to have a ton of flare locked up as collateral the more it being used. As long as there is adoption, the price will rise. The proposal though is changing the inflation rate for after the initial 3 year drop. It lowers the immediate inflation gain during the first..like 3 years (after init3) and then it puts a cap on the inflation % that each year can have that gets smaller each year. What it does is bring the inflation % to a negligible amount faster than usual. something like 6 years instead of 20

>>53380334
Think of it like this. If you inflate at a constant rate. Say 10 every 1(time) The first few repetitions are insane rates. 0, 10, 20(100%), 30(50%), 40(25%)etc. As you can see the percent gets smaller each jump of 10(inflation rate) Eventually you will have something like .00001% inflation each jump. Now if you at the same time, also take down that initial multiplier, 10, 9, 8, 7, etc. Then your inflation will hit the point of .000000000001% - whatever the fuck small numer - point a lot sooner than if you kept it constant. This is what fip1 proposes to do, instead of its consistent current inflation rate. Which grows the supply by a certain % each year with no attention being paid to try to get the rate to negligible levels.

>>53380446
>>53380398
Thanks for coming to my ted talk.

>>53380398
Thats the problem, the inflation is supposed to be counteracted by f assets, which havnt even been developed for songbird. This means endless dumping until they release 1+ year from now. Considering the current supply is 4b and will hit 100b by year 3

>>53380706
>This means endless dumping until they release 1+ year from now
But you can't dump, or else you miss out on the rest of the airdrop.

>>53380786
People will dump their weekly rewards, look at sgb

>>53380706
Good thing I'm delegating everything for the next three years

>>53380398
these changes mean absolutely nothing as at any moment FIP.69 can change it back and forward
basically nothing about the network is stable and permanent, kek
good luck building trust

>>53380786
Am I being retarded or does the new vote void this whole 85% you get from the airdrop, and everyone can get their hands on the airdrop by staking even if they didn't wait two years? Meaning that you can buy as much as you want, delegate / wrap it and make an extra 85%?

>>53380879
delete your post you stupid stupid fuck

>>53380896
I legit have zero clue what the hell is going on with FLR and why I should/shouldn’t invest in it. So I think most people are clueless and idiots, including myself.

>>53380805
We're not talking about sgb. If you wrap and delegate your weekly rewards, you get more from the airdrop as it compounds over time. Right now I'm getting 200 flr per epoch, it's not even worth it for me to dump $16 worth of flr each week.

>>53381015
its free money, 3 years of airdrops for each token you can get, when normies find out theres gonna be a bloodbath.
now delete your post and enjoy getting rich

>>53380879
Precisely. And you'd be staking a claim into what will in all likelihood be an essential part of the backbone of the new financial/crypto system post reset, whenever it gets officially rolled out. I think that Flare and Ripple/Xrp are more deeply connected than is publicly acknowledged and that they have been planning all of this for a very lone time. People right now are missing the bigger picture by getting too caught up in the initial distribution which will ultimately work itself out imo.

>>53381120
first of all you are gay and fuck you for spoonfeeding and you should delete your posts
but second, if I gave you 10k right now, and thats all you get to invest in total for all your life, how would you split it between the zerps, flare and other isos? i mean for max roi
thanks gay spoonfeeder

at least nobody is talking about that other airdrop
whew

How do I get my flare if I did it from a MEW wallet? There’s no option to redeem with it

>>53381158
>fuck you for spoonfeeding
>now please spoonfeed me
lmao
kys

>>53381167
trying to gatekeep DFLR huh

>>53381167

>>53380334
well I would be buying more if we had the original proposal
I will not be buying if fip01 passes
I will just sit on what I have/get

>>53381401
thats not spoonfeeding, nigger
I know the tech, I want to know how he personally invests in it

>>53368648
In the general market you massive imbecil

>>53380257
It is more likely to see .001 than it is to see .10
This is not even remotely disputable and arguing otherwise is insane cope.

>>53381030
Yes, flr will dump harder than sgb because its got the extra 85% distribution awards ontop of the delegation rewards.

>>53382756
The rewards compound. To keep the numbers simple, let's say by March 31st, you have 100,000 flr, and the oracle rewards just stay at 10% apy for the full 36 months. If you don't sell anything, and just wrap and delegate, you would have around 1.7 million flr at the end of the distribution period. If you chose to dump the airdrop and the oracle rewards each month, you only get about 29,000 per month. Which would be a little over 1.1 million throughout the course of the distribution period. You would get 35% less flr by dumping each month. At this point, most people who wrap and delegate know this, and the biggest concern is dumping once the distribution period is over. Possibly by then the agent liquidity pools for f-asset minting are paying out well enough to encourage people not to dump.

>>53367057
>still no flare after XRP airdrop on coinbase

why

>>53382889
still working on my strategy to cash out if fip1 passes. Technically, since I multiplied my stack quite a few times with the cheap flare, I could sell a portion of every airdrop and delegation rewards and still end up with more flare than I would have otherwise gotten. But right now I am buying with the assumption that I am getting the other 85% of peoples airdrops. Lots of ways to do this....When liquidity pools start up well also be able to use the wFLR in those at the same time its delegated, while still maintaining the airdrop and delegation rewards, the only issue will be IL. The delegation rewards and monthly airdrop might just be something in a constant eb and flow if you want the largest returns.

>>53382889
It will still dump.
Someone putting in an investment would get unsustainable weekly rewards that is unlikely everyone to resist unless the price dumps to less than one cent

>>53383451
Better to do that I would rather invest in a web3 payment project which has good development and merchant Partnerships. The future is that and I'm moving towards it.

>>53381913
Fucking faggots
>rekt
>boomer
>rajesh
>maggots
>mofos
>dickheads.

CRYPTO IS A SCAM

>>53384204
You are a fool for all I know. Crypto is being accepted as payments across the globe. We can pay for any services or any products with crypto at ease.
>get rekt for all I care moronic fool.

>>53384172
Cope. To make people’s rewards sustainable to which they would choose not to sell the price has to crash to around 0.001

>>53381178
I think you need to add the token contract to see it. Just Google it.

>>53382889
>the biggest concern is dumping once the distribution period is over. Possibly by then the agent liquidity pools for f-asset minting are paying out well enough to encourage people not to dump
This is a bancor like scheme all over again.
Scwhartz is 100% correct, fucking with the airdrop just delays the inevitable.

>>53381593
Fip is going to pass in a mega landslide. Huogo individually holds enough to pass every proposal. Btw, only he can make proposals....

Lol I love all the retards crying

>>53384172
Your looking at eth l2 polygon for that bud. Check their partnerships vs flr’s 0

>>53386020
Assuming they sold on Bitrue or the other exchange that let people sell (can't remember it), they got a LOT more than the .04 Flare costs now. They should easily be able to buy back what they sold AND make a lot of profit. Their whining is pathetic because it's win-win unless they were completely retarded with their money, which is the most reasonable explanation

>>53381726
So you want spoonfed on another subject. Got it.

>>53367057
Stolen logo from Finterest

>>53387904
no, i want to thrust a spoon just below your eyeball and then scoop it out while cracking your skull. Got it?

>>53387936
>finterest founded september 2022

>>53388031
Just cope with you being a huge faggot and then asking for advice yourself.
You are pathetic and think keeping others down is necessary for you to succeed.
Real men raise everyone up.
Good'ay muh lady.

>>53388980
if you lock and idiot and a smart person in the same room for a year, it's not the idiot who will come out smarter, it's the smart person who will degenerate
you are a tranny and a brainlet

>>53390569
What kind of a room has enough food and water for 2 people for an entire year? Does it even have a toilet?

>>53367057
What's the best FTSO for rewards?

>>53391095
your mother

>>53391167
Really nice, bro. She died from Covid last year.

>>53391234
AAAAAAAAAAAAAAHAHAHAHAHAHAHHAAA!!

>>53391265
She was on a ventilator for 9 months, then the roof caved in during the worst snow storm in 40 years (climate change) and crushed everyone in the ward, including the nurses. It was on CNN.

>>53391458
should have done a flip in the snow
go cry about it on reddit

>>53391683
It was really tragic. I can't even laugh about it right now. Their bodies were stuck up there for a month before crews were able to bring them down the mountain.

>>53391738
do you even try?
imagine MOI falling for that
kek

>>53392070
She was my mommy, tho!

>>53384204
You're delusional anon, crypto is advancing in adoption and it has even broken into the automobile industry with one that bridges the metaverse experience to users on car rides for entertainment