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16466551 No.16466551 [Reply] [Original]

Hi. If you're still here, chances are you, you either very much know what you're doing, or you're about to learn some hard lessons. Both sides should take note here, as this is unironically insider information. Factom is being burned at an alarming rate, and is now rapidly deflationary. It's being burned for Pegnet, a new stablecoin ecosystem that has been whispered about the last 6 months. Currently, one can only burn FCT to a pFCT token that through a command line can be sent to the Pegnet system, and burned for the Pegnet token. Soon, a wallet will come out that will make burning to pFCT a lot easier.

It's all still very early. 2300 FCT is created weekly in their inflation model, 17k weekly. They're burning on average 1 weeks supply history every day through the Pegnet burn. This has gone parabolic. Here is a predictable supply of Peg : https://medium.com/pegnet/predictable-supply-of-peg-3fd39124f36?source=---------2------------------

After Monday. 5k per block new peg max conversion limit. Severe supply restriction. Buy FCT. Burn to PegNet to pFCT. Convert in Pegnet into PEG. This creates peg, and the price algo reduces the price. You can create 1million or 10million or xxxmillion. On Monday this path in stops to give predictability to the supply and stability for miners. After Monday you can only buy/create 30,000 peg an hour like this max. This is the start of an arb loop. Anything that TETHER can do , a pUSD can also do , and it has $100s of 1000s of pUSDs already owned... And "being tether" is just one of MANY things Pegnet as a whole can do.

It can be a Forex engine. It could also just be THE way that koreans move KRW across 2 different exchanges to buy shitcoins or just launder money. Shorting is coming , so then the trading options jump a magnitude.

FCT is the means into the PegNet for those with capital. PEG is the means into the PegNet for those with hashing power. Pegnet is Maker. Do not sleep on this.

-0

>> No.16466742 [DELETED] 

I followed the wormholes a few days ago, and I'm impressed. Have 200K peg so far. I'll try and get to 2-3M, though I know I won't stay at the top of the richlist for long.

Launched now : https://pegnetmarketcap.com/asset/PEG/rich-list

early days.

>> No.16466747

Not buying your bags CryptoFrog202

>> No.16466759

>>16466747
That guy is dumb, but he knows what he's doing. I followed the wormholes a few days ago, and I'm impressed. Have 200K peg so far. I'll try and get to 2-3M, though I know I won't stay at the top of the richlist for long. Early days :

https://pegnetmarketcap.com/asset/PEG/rich-list

>> No.16467098

pegnet will be huge.

>> No.16467342

Conversion takes a little work, but damn if this won't be some solid flip + hold potential. If they get the miners truly on board, we gonna truly make it.

>> No.16467467

Can you all shut the fuck up about this until next week?

>> No.16467589

>>16467467
No. It's time.

>> No.16467709 [DELETED] 

God's work, desu. I mined 4M so far, hold 1,000 FCT, and am ready as fuck.. Let's go.

>> No.16467722

>>16467589
this

>> No.16468165

What's up with this no premine. How are the insiders making money?

>> No.16468173

>>16468165
That's the thing anon. You are the insider now.

Looks clean.

>> No.16468366

>>16466551
haven't paid attention to anything related to factom for over a year. impressed that they kept working. is it worth mining this on an older i5, or should i figure out how to buy?

>> No.16468585

>>16468366
It's worth mining right now but get a small bag some new developments are coming next week and it might actually catch on

>> No.16469063

Just saw this on some defi telegram earlier this morning. They could work on the branding but seems solid.

>> No.16469195

>>16469063
I'm gettin' Antshares vibes.

>> No.16469624

>>16469195
kek. hoping so.

>> No.16469652

The funny thing is Factom is on par with ETH. This is a good call.

>> No.16469869

What you all don't seem to realize is that if this truly takes off, we're talking about Maker levels of supremacy, at a multi billion dollar marketcap. Do the math from where it is today. Sure, early miners are always rewarded, but many dump very early (see also : dumb-ass who dumped 0xBTC at a 3x instead of a 40x just months later, Ravencoin, Etc.)

Pegnet is poised to peg your face with stacks of money.

>> No.16469907

>>16469869
Is this unironically a mix between Raven, ETH and MKR with multicollateral dai without all the baggage of silicon valley?

Say no more senpai this is why I come to biz

>> No.16469995

>>16469907
pretty much

>> No.16470000

Holy shit. I still hold 180 Factom, so, what the hell, now they're useful. Burn, baby.

>> No.16470006

>>16470000
>>16469995
CHECK'D we gonna be rich

>> No.16470036

>>16466551
how do bebbies born?

>> No.16470051

>>16470000
Holy shit I'm literally shaking right now where can I buy I don't know how to use a command line

Unironically feel like Bob right now

>> No.16470440

>>16470051
cntrl+alt+DLT+U

>> No.16470854

So do you buy PEG or FCT?

>> No.16471185

>>16470854
None , Pegging is outdated, it relies on humans a bit too much and isn't very automated.. Check their team , see who the people are that run the show , or should we rather say .. Spot the boomer , cause they're all boomers..

>> No.16471315

>>16471185
its arbed similar to how that one coin is that listed on Bitfinex, can't remember the name. Pegnet is unironically novel and isn't open to the same attack vectors as Maker and god forbid I mention Reserve

>> No.16471395

FUCK YOU WHY DID YOU POST THIS DELET RIGHT FUCKING NOW REPORTED FOR BEING A FAGGOT