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18512767 No.18512767 [Reply] [Original]

Should I buy in or wait or never touch this? Your take anons?

>> No.18512798

>>18512767
dyor. the current thread up is a good place to start since it lists pros and cons. read the manifesto on the site, then the pitch deck if you're still interested. not convincing you to buy or sell, just spoonfeeding you the basics so you dont receive shitty advice otherwise.

>> No.18512801 [DELETED] 
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18512801

>>18512767
Get some of this and some PNK and you are ready

Wait a year too

>> No.18512805

Only BTC isn't a scam.

>> No.18512810

>>18512798
not sell but you get the idea. it's been a long day desu, been up for 16 hours.

>> No.18512817

>>18512767
hobby dev coin that's gonna bleed 80% from here? yea, nah. just buy kleros.

>> No.18512822

>>18512767
get some of this and some PNK and you will make it

>> No.18512846

>>18512817
>>18512822
the kleros shills are out of control. the nervos spammer deleted his post too. this is the problem with asking about coins, pajeets will just shit on the coin you asked about and shill their own. read general threads or stick to reading site info OP. sage

>> No.18512874

>>18512798
Have read these. Can the network sustain its growth for longer periods or the growth would die soon? Because people have a habit of loosing interest after validations if they think price is not good. Whats your opinion about price and network growth? Suppose if price does not increase with network, wont people just loose interest at the end?

>> No.18512918

>>18512767
>Along with Idena being an absolute piece of useless shit with no usecase is it also an exit scam?
There, I fixed the thread title for you dude.

>> No.18512930

>>18512874
>Suppose if price does not increase with network, wont people just loose interest at the end?
Some will, some will get addicted to watching magic internet money counter go up in the Idena client.

>> No.18513245

>>18512918
I think as per my research it does not fit in there as you said. As an investment I am still guessing...

>> No.18513253

>>18512874
>Because people have a habit of loosing interest after validations if they think price is not good
(((Citation needed))). network has been sustaining upwards of 30% growth in nodes each validation, and more candidates activate their nodes than don't. it's still in testnet, the coin wasn't even supposed to be listed until Q4 but qTrade listing + /biz/ shilling has catapulted the number of nodes on the network, and rewards are also lower than they were a month ago. plenty of other variables to consider as well (see other thread). mcap/liquidity are both low if you're only interested in short-medium term profits. mining is literally no cost, might as well do it. even paying for a $5 vpn will net you at least $80 or $90 profit/month at just current barebones token value.

>> No.18513264

>>18512930
OK, so what of price? What do you guess where the price would go then??

>> No.18513282

>>18513253
Hmmmm interesting. $80 or $90 profit/month. Really? how so?

>> No.18513333

>>18513282
~20/DNA per day mining at current # of nodes, ~30/DNA for created flips each (after first validation), and ~30/DNA per validation. adds up pretty fast, and it just takes a. waking up every 12 days (at this point) to basically solve some captchas (I'm east coast so it's not too difficult desu) and b. leaving an old shitty laptop on in the corner.

>> No.18513339

>>18513282
Right now price is at $0.12 on qTrade and you can mine 17 a day, that's 510 a month or $66. The issue is that with every new identity mining rewards go down, and price hasn't picked up yet. We'll see how it evolves

>> No.18513358

>>18513339
is it already at 17? last calculation I saw was 21. im 4 epochs in which might be why, but I havent really bothered to get an exact count per day

>> No.18513399

>>18513358
21 was last epoch, it’s 17.3 or so atm
>>18513333
im using VPS node and literally can forget about it for days at a time now

>> No.18513434

>>18513333
checkem, also math was off on flips. this past epoch I received 90 DNA for 4 flips submitted although one was weakly qualified (I know faggots, my bad, only 3/12 got it wrong though)
>>18513399
ive been meaning to get one but my internet is pretty flawless tbqh. but ill have to start remembering current rewards, I got hit with my second mining penalty a couple days ago and it was only 6. my first one shortly after my first validation was double that

>> No.18513437

>>18512767
who is behind this shit? after the nulink exit scam i absolutely refuse to ever consider a shitcoin with random discord trannies as CEOs.

"idena developers" gives no results on google

the website seems like a bunch of tranny nonsense gibberish. doesn't state the purpose of the coin.

go the fuck away with this scam shit pajeets

>> No.18513463
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18513463

>>18513437
>nulinker mad he got exit scammed for buying a LINK knockoff designed to take money from newfags
anything you say is low iq and irrelevant, please go back to whatever god forsaken containment thread you came from

>> No.18513465

>>18513333
>>18513339
If that is the case then its looking good desus. So it means after every validation the rewards would keep decreasing for each new member. It means there would be some kind of price pressure upwards. So price should increase. Has it after past sessions? Whats the stats on this? Mind sharing Senpais

>> No.18513510

>>18513437
Buys into literal copies of existing coins- not scam
free token which requires an average IQ,and an internet connection to mine- scam
Ok, buddy

>> No.18513524

More, whats the actual circulating supply of this coin? Some say its less some say more.I looked at the Coinwatch and its says 50 million and market cap is already 8 million.its too much already desus. Any info on this

>> No.18513557

>>18513463
>go the fuck away with this scam shit pajeets
What do you mean really? Website is good, a lot to take in...not sure about developers and why they are not open, not sure, maybe its good becuase some other projects also have no public developers like Suny king...And what the hell is nulink?

>> No.18513579

>>18513465
the price surge to 3k sats was when spy and btc were shitting the bed peak global bear market and a little bit after a whale market buy. price has stabilized to about 1800-2200 in the past couple of weeks if you look at the 2 week chart on qTrade. nothing significant in price has happened after validations, in part due to mining being mostly locked in stake until 3 full validations or terminating identity. if you make it those 3 epochs, most people are more invested in building their stack than selling it for peanuts. i think some people dump their mined tokens, but the more interesting thing is the whales that are accumulating steadily over time (just look in Idena Trading discord at the bots and at the addresses, 10k DNA withdrawals from qTrade at a time to 100k+ addresses). too much incentive just to hold at this point and wait it out for further development. it's still highly speculative but im comfy and pretty confident, although im trying to view it mostly realistically and not too emotionally.

>> No.18513590

>>18513524
i think last i heard it was 10-11M. diluted mcap is 8m. mcap is 2m. refer to idena.today for diluted mcap and rioda.org/idena/ for actual mcap.

>> No.18513612

>>18513579
>(just look in Idena Trading discord at the bots and at the addresses, 10k DNA withdrawals from qTrade at a time to 100k+ addresses)
meant the telegram, not discord

>> No.18513627

I just mine it because it doesn't use much of resources, like POS, so you can run it on laptop and rewards are still pretty high so nothing to lose. And also getting validation rewards from validation sessions. For me the project looks average, the 1 node = 1 human thing is pretty cool really, a lot of possibilities of use cases, and devs shared some nice ideas as well. I'm just gonna hold them for now

>> No.18513714

>>18513463
>>18513510
i didn't buy nulink, im not fucking retarded lol. My point is exactly to compare this shitcoin to nulink. Anonymous discord tranny developers, some generic website with a really shitty/nonexistent/generic premises. It all checks lol. You faggots never learn.

>> No.18513759

>>18513714
youre perfectly entitled to feel that way. refer to the last sentence of >>18513579. if it was a nonexistent/shitty premise, then why is Bill Gates trying to do it, but instead of being decentralized/trustless, tagging everyone like a cow for vaccines and who knows what else? and pow and pos have enough flaws, this is different than pretty much anything in crypto. hence why it’s still a risky investment but the upside from simply mining beats whatever the fuck youre suggesting.

>> No.18513862

>>18513590
If 2 mn then it is good but why the circulating supply is 8 million on coinwatch? Is that wrong figure? if Yes then why its not corrected by the project?

>> No.18513889

>>18513590
More if it is 10-11M then mc should be 1.5 million and not 2 M. Correct

>> No.18513909
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18513909

>>18513862
because no ones ever heard of livecoinwatch and i can 100% guarantee you this isn’t right lmao

>> No.18513945

>>18513909
No I meant market cap is 6-7 Million there already..Is that wrong Market cap there? If yes, why no correction?

>> No.18514017

>>18513945
>why no correction
>why no correction
....
i don’t know. even cmc has the wrong mcap listed for a lot of coins, and a literal who exchange is even less likely to have the right one. the rioda.org one has always been cited as official mcap, while idena.today dev is 100% positive that what is listed is the diluted mcap. also why am I suddenly getting pajeet vibes from the english and the fact it’s mumbai o clock?

>> No.18514087

>>18514017
Naaa anon. I am in Northern Hemisphere. So, all in all, Idena has more good to offer than any negative risk potential as of now. Would decide after going through a final round of research and analysis. Just wanted to have Biz's take on this..

>> No.18514155

>>18514017
you do realize most of us here are slavs, EE bros and europeans right?

>> No.18515151

>>18512767
Idena is a totally new blockchain model. It proposes a model in which the nodes have to validate themselves that they are human by solving flips (puzzles) one time each week (this will be gradually extended to each month over time). The puzzles are like captcha’s, machines can’t solve them. This way the blockchain ensures only humans can run nodes. Once a person has validated himself and has become a node, they are eligible to start participating in the network. Every person can run only one node, since the validation proces is at a set date each week and it has to be done within a set time, making it impossible to do two or more at a time per person. So person has one node and one vote in the network, giving everyone equal power in governance. Once you setup a node you are then incentivized by rewards in DNA (Idena’s token) to:
1. Create new puzzles
2. Validate yourself each week
3. Invite new people (Only verified people can invite. Verified = done 3 validation rounds)
4. Mining
So this is basically how the infrastructure works. These things are making this infrastructure, since every person can run only one node and all nodes have the same voting power, the most decentralized blockchain there is. Proof of Work and Proof of Stake etc. are run by a few people who own the majority of the nodes, making it not decentralized at all. Now you asking: what is the point of all this? Well basically this whole space (crypto) started with an idea to make a decentralized system, a more fair system for the world. And since Proof of Work and Proof of Stake failed this purpose, Idena has stepped in to solve actually the most important issue which decentralized systems (crypto) face today: making a cryptocurrency thats actually decentralized.

>> No.18515287

>>18513945
Its fully diluted cap, real cap is around 1.5m