/biz/ - Business & Finance

>>55906904
oh yeah and mainnet is Q4 this year, get fucking ready lads

>>55906904
>>55906909
I AM GONNA STAAAAAAAAAKE

Nah I'm cool lil bro

>>55906904
It's 100% worth it to become a validator. It'll literally print 100's in the first few days if prices go as expect, especially with the burn of the team now only owning up to 3%.

Redpill on Aurem (DISTs magic consensus sauce):

Aurem is a confidential proof-of-stake ("CPoS") mechanism that builds on the work of Aleph Zero's AlephBFT and Dusk Network's PoBB mechanism. It DAG-based aBFT consensus that ensures three vital parameters in digital currencies.

- Complete privacy of your bid (stake) making sure no network participant can see how much currency was staked.

- Instant finality in a round, ensuring fast, reliable, confirmation of a transaction.

- Unpermissioned committees, allowing anyone to become a validator through Aleph's randomness beacon with the head minter selected based on their bid.

Aurem also enforces ring-member selection enforcement at the consensus layer, guaranteeing transaction uniformity to the distribution, selected by the decoy selection algorithm ("DSA"), and provides stronger guarantees that all clients conform to the specification. This greatly mitigates the effects of dusting/flooding attacks for the network, and helps increase privacy for older unspent UTXOs.

>>55906904
>Once mainnet is launched, $DIST will not be immediately listed on CEXs. This allows good opportunity for validators to familiarize themselves with the staking process prior to $DIST becoming tradeable on CEXs.
It's going to dump on launch

>>55906904
What are the odds that this shit actually rockets to 60$ as people say and I 30x my shit on launch? break down the math for me

>>55906904
fucking amazing holy

>>55906946
probably the more realistic play is that it bumps up to 20$ once all the exchanges do a launch and their whatever fucking airdrops and then it rockets to whatever its gonna ATH at and the settles somewhere at 30$

>>55906946
That'd be a 120x if you invested at $0.50. It's not going to do that anyway it'll probably fall to $0.20 then slowly climb back up until CEX launch where it'll pump to $2 then fall slowly bleed back to $0.50

>>55906904
>>55906932

My thesis:
>Frederick said they were going to the Alibaba Cloud event in China in September
>This means they will probably host their own archival nodes, network will be fast
>Consensus will be fast
>Validation entry will probably be somewhere between 10-25k (15k is my realistic guess).
>There are about 58 wallets with over 25,000 EDIS or BDIS
>The committees on staking/validating are 20-50 in size.
>On genesis, there will probably only be 10-20 stakers.

If you start staking early, the make it back, to be guaranteed making hundreds of $'s (assuming this moons), and that they don't list on CEXs the EXACT same day that mainnet launches, you can easily make another 5-10k DIST from validating between mainnet launch and CEX listings.

>TL;DR: buy the now confirmed 20k DIST to validate early and money farm.

>>55906973
Nah, you're plain wrong on this one L2's 10x on account of being L2's, L1's 20x (minimum) on account of being L1s

It ain't rational economics, its crypto bro

>>55906904
That is surprisingly not horrible, probably one of the best allocations for a programmable L1 ive seen since 2018.

>>55906904
Based.

>>55906974
So basically, 20k, buy some fucking server and move SBF island?

>>55906904
We literally can't stop winning

>>55907015
Where do I get it?

>>55907044
Check'd

Theres a presale going on with a 10% airdrop once its over/launches in Q4

Literally just go to their website
https://discreet.net/pre-sale

>>55906904
Thats extremely fucking based, like better than I wouldve expected

>>55906974
I think this is the play, look at pic rel and the drop in the first reduction, if we assume at worst blocktime is 15s then it will take ~1 year (0.95 years) to reach the 40% drop from 5 DIST per block to 3. So the play would be just to get 20K initially and farm the fuck out of it for the first 12-32 months and then retire

Now then question is do i up my stack another 10k (or like 9600 with the 10% airdrop I guess) from the presale or do I wait until its hits a CEX

>>55907099
Check'd

Fucking high IQ take

>>55906904
>>55906932
>>55906974
>>55907099

okay fuck it whats a suistack? do i buy with ETH or BNB through their presale portal thing, any advantage of one over other?

>>55907280
>>55907113
>>55907099
>>55907051
>>55907044
>>55907028
>>55907015
>>55907006
>>55906996
>>55906973
>>55906958
>>55906946
>>55906945
>>55906932
>>55906918
>>55906916
>>55906909
>>55906904
samefag

>>55907299
this. Same thread everyday

Just bought $DIST via ETH why can't i see it in my metamask wallet?

>>55907375
because fat freddy pulled the rug already. kek baggies.

>>55907375
Because you didnt click the big fat "add to metamask" button underneath you mouthbreather

add it manually it to metamask, the EDIS contract address is in their FAQ or just ask on TG

>>55907299
pic rel

>>55906904
All these attractive fake deals won't reach the opportunities there are in investing in the winning indices of crypto. You just gotta have to find those winning indices on platform like AstraDAO and invest the hell in.

>>55907436
>winning indices on platform like AstraDAO and invest the hell in
Holy fuck commit not alive anon please immediately

>>55907015
you don't need to have a server level machine by what I read

>>55906904
>>55907099
>>55906974
>>55906932

If you can give me exact specs on what I need to run this to become a validator and farm it then I will buy 20k right the fuck now from the presale

Technical specifications sections just says
>"Hardware for the validators should have a modern multi-core processor capable
of computing the required zk-STARK proofs in an appropriate amount of time."

Ok, cool so like an i7?

>>55907488
literally just get any AWS instance and you're good, or if you dont know how servers work at all, just google "VPS" and you'll see how easy it is to get a server that meets these specs

>>55906904
My god such a fucking whitepilling paper, its the closest you can get to a fair launch

>Launches Q4
>Biz will fade this like they did KASPA
>It will 25x
>Pink wojaks
>The cycle repeats

biz never finds the hidden gemmies.
meanwhile sitting on my comfy dist stack

>>55907099
Good point anon

>>55906904
>>55907659
I AM FEELING COMFY GENTS

what's a make it stack gents?

>>55907659
>KASPA
>>It will 25x
Hasn't the expiry date for KASPA pumped passed after their integration announcement? Nexera Exchange token was the only green candle on Kucoin since yesterday...

>>55908033
Anon, it's a launch of a chain not a half-dead biz meme

>>55907759
Based distchan poster

>>55907659
/biz/ will never learn, and then there is endless complaining

>>55906904
>mexc confirmed
>kucoin confirmed

Where the fuck does it say this? This isn't confirmed anywhere.

feels good to hold this, but I'm impacient to wait until nov/december

its like buying fantom in 2019 isnt it?

>>55908105
They're bullshiting to try and increase sales
>why would they want to increase sales if it doesn't affect the prices?
Exactly, this thread is full of team members trying to convince /biz/ to give them a million dollars, as if all the losers here combined would have that much.
The three exchanges are:
FTX
TxBit
Gate.IO

>>55908166
Did you get in on Fantom? Considering this, but still reading the paper, have a small understanding of basic cryptography this shit is above what I can understand

https://cdn.discreet.net/files/Discreet-Ledger-Formal-Specification-Rev-1.pdf

>>55908259
>why would they want to increase sales if it doesn't affect the prices?

Absolutely retarded logic
>more market participants = more liquidity
>if not sold out, supply will literally go to team so thats a nil argument
>team members trying to pump their bags,
Man I wish

This is what reading biz and no tradfi does to your scrambled neurons. Absolutely zero graymatter post.

>>55908166
Is 20K the make it stack now after this announcement?

>>55906904
so tl;dr: lambo?

This has to be the most cringe thread that has been on this site

>>55908394
Sneed

>>55908394
Poorfag cope

>>55908336
Use an ai to read and understand quickly retard.

>>55908336
yes
bought fantom when it was 2cents around 2019 but I'm not a tecnical guy

>>55906904
27% of pre-sale funds left. I wonder if that'll be sold before mainnet launch. Looks like 300,000 DIST (150k USD) worth was sold in the last 72 hours

I contributed at least 1% of that

Gonna keep stacking till I reach 20k

>>55906904
Someone give me a rundown on this?

>>55908709
CCP ID. Glory to Xi.

>>55908662
I'm buying more. I might as well become a validator

>>55908757
9k stack here. How much to be a validator?

>>55906904
Tell me right now if I should fkn ape, I spent all of 45 minutes on research

>>55909328
Fade this and seethe later

GOD TIER PROJECT
bought another 2k DIST :^)

road to 20k to validator heaven

>>55909328
Skip this L1 and buy the next ERC20 shitcoin

>>55906904
>>55906932

Obligatory: Seraphis will be implemented before mainnet launch (as per their development update posted a few days ago). Their modus operandi is to support various tx types, so Seraphis will be used for bridges/swaps where multi-sig is required, I think they worked with Sarang on the Triptych paper to address the multi-sig issue, because it's active right now, and I looked over "Discreet Core" (their C++ cryptolib) and it's a modified one of the initial PoC that was published.

The reason I'm bullish and decided to bunch a dump of BNB into this is because it's so fucking rare to see a team actually work towards something useful. I think you have a point that 86k tx/s is not gonna mean automatic adoption, but when Discript comes out, with their grants they have talked about, then it's very obviously likely to attract ADA developers that got treated as exit liquidity by IOHK.

If AZERO (which Aurem, their confidential proof of stake protocol) is anything to go off of, fees will be really slow because hotseat comittee + inexpensive hardware to validate blocks = cheap fees while still being manageable for validator node operators.

I'm in, I don't care if it goes nowhere, I'm happy to hear they got the CEX listing, we need more privacy coins regardless, and for once I'm happy in 6 years of browsing /biz/ that there's a coin that's not poopoo. I'm in the testnet group right now, and it's filled with (non-team) developers trying to build shit, so that's a good sign. An earlier thread I read had an API setup that was public-facing and there's talks of independent web/mobile wallets.

Community is good, discussion about a project is good, especially if it can catch the eyeballs of other developers for that ecosystem. Once IOHK goes the way of Enron, that's gonna be... exciting. I will post this every thread out of spite for the anon that wrote it.

>>55909679
>when Discript comes out, with their grants they have talked about, then it's very obviously likely to attract ADA developers that got treated as exit liquidity by IOHK

Interesting point, I wonder how much they'll allocate for devs to rewrite contracts in zk language

probably need fucktonnes of examples

>>55906904
Uhh anons?

https://www.chainlinkecosystem.com/ecosystem/discreet

Discreet and Chainlink is partnered? Bullish?

>>55909852
- stop acting like you just found this, pajeet
- discreet uses Chainlink. nice "partnership" you got there
>We’re excited to announce that Discreet—a programmable, privacy-focused layer-1 network—has integrated Chainlink Automation live on BNB Chain and Ethereum mainnets.
lol. lmao, even.

>>55908784
It's 20k DIST but you can stake any amount I think

Whats a sui stack fellas?

What is this NIGGER shit srs.

>>55910117
200 sui
2000 make it
20k generational wealth

>>55910173
I’m buying 15k right now

>>55910158
It's nothing anon, dont worry about it

>>55911366
>checks chain
The madman actually did

>>55907099
That is fucking overpowered, since the paper states it wont be listed on exchanges immediately on launch (when block validation begins) then its pretty much a mafia of the people who buy now?


My fomo is out of this world, should I get the last 7k to validate, it cant take them fucking 1 year to launch on CEXs right?

>>55912080
>My fomo is out of this world
Let me tell you my dark secrets, anon.

>>55906904
If I put 10k into this, what is the theoretical maximum a validator could make per day?

>>55912604
depending on price action, thousands fren

>>55906904
The tokenomics are absolute gold, its already dipped from 27% to 26% on the presale page which was about 6 hours ago, so it'll probably go to 0% relatively quickly

Posting distdragon

>>55906904
I'm honestly just happy this isn't ANOTHER fucking Chainlink thread. Looks interesting, will research.

Someone wanna buddy up and get 20k to co-validate? We will build an esoteric validation lair

>>55907434
Thank you sir found the contract address on my Etherscan page and added mnully to metamask wallet. My first crypto ever btw, was a little bit stressed but at the end fixed it.

>>55907099
>if we assume at worst blocktime is 15s then it will take ~1 year (0.95 years) to reach the 40% drop from 5 DIST per block to 3
how the fuck did you arrive at 1 year. please share your calculation. it might take 5 years desu. not so bullish.

>>55913249
>first buy ever is Discreet
holy mega BASED.

>>55908662
>27%
Down to 25 soon, buying the legendary stack soon (50 ETH)

>>55906904
What's a make it stack?

>>55914116
do it faggot

>>55909679
Will be interesting to see how they implement Discript given its UTXO based and no global state, so probably not as shit as ADA but their Discript language

>>55912604
You'll make 4 DIST per block
A block is validated every 24 hours
4 DIST will equal $1 @ ATH
That's $1 a fricking day!

>>55906904
Not trying to FUD, genuine question. The project is interesting, but I just read the tokenomics and wonder whether it's worth grabbing a bag if it's too small to be a validator at this point. Seems to me like the inflation rate will be high early on. Wouldn't it be better to wait?