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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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18529393 No.18529393 [Reply] [Original]

OP from the other day back here again, hoping to get a feel for sentiment with Idena. Aiming to keep the discussion honest and objective, not emotion based or low quality. Proof of Human is genuinely interesting to myself and obviously others, and I feel we are being ushered into the decade of digital identity, especially with Bill Gates ID2020.

Pros
-Trustless, truly decentralized
-AI resistant (with Winograd test)
-UBI in crypto
-Easy mining, novel consensus method
-Built from the ground up in Go, anyone can submit code, active development
-Network growing fast
-Low mcap, high upside if it succeeds
Cons
-Lack of other or many usecases/not yet defined this early
-Anon devs
-Fairly dubious premine
-Early miners received massive rewards (same with Ethereum and Bitcoin though)
-Low liquidity/volume (token listing originally planned for Q3 on a bigger exchange)
-Shitty chink flips potentially killing identities in short session
-1 node not guaranteed to be a single entity (which is impossible with current tech without KYC and PII)
-Memed with 8 cores by a 13 year old

>> No.18530414

>>18529393
If it happens then it would be big

>> No.18530717

idena is a scam

>> No.18530780
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18530780

>>18529393
Pros: Decenteralized Identity layer for ETH. Nothing proposed yet compares or has even made it out of the concept stage. Once you understand this you can see why this not only the new Chainlink mega moon, but something even bigger.

>> No.18530796

>>18530414
Well that convinces me. Thanks Ranjeesh!

>> No.18530859

>>18530780
Also just wanted to add there are abysmal projects that are shilled here all the time. I'm not sure why IDENA with it's functioning product and active development has been held to the fire the way that it has from biz. This is honestly the most excited I have been about a project since BTC itself.

>> No.18530927

>>18530859
It was spam shilled here for one day and general opinion changed. I think some people have been too enthusiastic with the shilling (which has been pretty low tier at times) and it’s come across as pnd pajeet-y. I’ve been in since the OG thread and there were maybe 1-2 slow moving threads a day. The network has been growing at a solid pace either way.

>> No.18530988
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18530988

>>18530927
This is biz. There's nothing but spam shills here and that's what I like about it. If brainlets get bothered by that they can just go back to r/cryptocurrency like the massive faggots they are.

>> No.18531191

>>18530988
The plebbitfication of this board has been disgusting.

>> No.18531434

>>18531191
Keep biz racially diverse, let the pajeet shills stay.

>> No.18531764

Try to convince me cryptoUBI isn't the next defi type big thing.

https://medium.com/gooddollar/100-days-of-coronavirus-and-10-advancements-in-universal-basic-income-b623a18a225c

>> No.18531854

>>18530796
Bug off you pathetic scum!

>> No.18531934

seventy percent premine

>> No.18532352

>>18531934
This thread is not for newfags. Leave

>> No.18532390

>>18529393
>human-centric blockchain

4chan sucks ass these days except for /biz/. You guys are funny af. Never change.

>> No.18533023

20k DNA = 1.000.000 in 2024

>> No.18533266

>>18532390
Yeah lolz

>> No.18533745

I literally got virus notifications from my antivirus booting my node on the last two updates. No fud.

>> No.18533832
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18533832

>>18529393
Sirs, when moon? :)

>> No.18534160

Most based lowcap there is currently

>> No.18534486

>>18530780
this is interesting desu

>> No.18534592

>>18530780
Genuine question: Can't it be copied by ethereum devs on eth 2.0?

>> No.18534634

>>18533023
DNA wont be around by 2024

>> No.18534681

>>18534634
no u

>> No.18534803 [DELETED] 

My VPS is mining ~3$ worth of DNA per day at current price.
I got 11 months of VPS for only 5$ through Github.
Honestly this is already pretty awesome and I only see it getting better.

>> No.18534845
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18534845

>>18534592

>> No.18535537

>>18534634
Faggot, you won’t be around in 2024

>> No.18535563

>>18534845
I understand, will eth 2.0 be not efficient enough to support the short session? As in less network congestion

>> No.18535992

be honest with me, is the FUD on this like us linkies during 2018 to keep price low and reddit fags out , im running a node atm only started today

>> No.18536201

>>18535992
the only way to answer this question is my spending time researching the project, if you keep making decisions based on randoms opinions on an anon board, how do you expect to succeed? Srs anon.

>> No.18536220

>>18535992
I was heavily fuding a month ago for better mining rewards

>> No.18536258

>>18536201
i made 100k from investing in chainlink thanks to this board and lil bits from the vidt/lto/vidt pumps , listening to you legendary smart retards on this board has lifted me out of wageslavery almost so far so yeah ill keep listening bro

>> No.18536263

You're a retard to not run a node
Free money

>> No.18537027

>>18535992
It is yes. Bigger idea than LINK.

>> No.18537233

What is make it stack?

>> No.18537293

>>18537233
10k suicide, 20k make it, 100k whale
>>18537027
the idea of decentralized digital identity is fucking ingenious, surprised no ones attempted it sooner.

>> No.18537326

>>18535992
so im going to be collecting some of this via node etc but what exchange is best to get some bags? also whats the mcap on this rougly and the supply?

>> No.18537383

>>18537326
circ supply is 10 or 11m. mcap is listed on rioda.org/idena/, diluted mcap is on idena.today. the only exchange to trade is qTrade. trade volume is still fairly abysmal although it wasn’t supposed to be listed on an exchange for a few more months

>> No.18537618

>>18537326
Running an Idena node is literally securing your financial freedom

>> No.18537725

>>18537383
thank u fren ill save this page and ill thank u in the future if we make it, i have some linky threads saved for when it hits over $10-20 to share here so ill do same here:)

>>18537618
yeah im just doing the flips etc atm i have 8000 pi as well which was a good move from last year even if the sells for 50 cent so i feel worth even doing this, imma get spare neetbux that im throwing into small cap coins so ill drop some here

>> No.18538057

This is THE coin for a bull run is swear

>> No.18538343

>>18529393
Stop fucking shilling faggot, keep it a secret still shhhhh

>> No.18539115

>>18529393
50% of the population is below average IQ and would undoubtedly be unable to answer flips or run a freaking node for that matter. How does Idena or POH reconcile this?

>> No.18539232

>>18539115
I don’t think you can operate the internet if you can’t solve a flip, literally.

>> No.18539522

>>18538343
I agree with this guy

>> No.18539592
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18539592

Guys I can't run a node because I can't really wake up as early as it requires... It's literally the middle of the night on a workweek... I hate this element. And the one time I tried to get validated it crashed my old ass computer. Can I make it just by buying dna? I want to make it bros

>> No.18539894

>>18539592
hawaiifag? west coast validates early morning at 5:30am, I dont know of a country where validation occurs in the middle of the night besides kiwis. if you can’t attend and you like the project, 10k stack is comfy. 10k+ stack + mining is super comfy desu

>> No.18539991

>>18539894
Yes. I'll try again. My fear is that I'll just end up missing a validation session and lose all my mining gains. I don't want to torture myself with no sleep if I can just pay a little extra to get the same amount of DNA. That said, I love the mining concept and it's the only type of mining I'd be interested in actually doing. Ugh

>> No.18540008

>>18539592
>Can I make it just by buying dna? I want to make it bros
Accumulation wise mining is garbage compared to buying. With a few hundred $ you can buy many years worth of 24/7 mining rewards.

>> No.18540534

>>18539991
You don’t lose your gains.

>> No.18540605

>>18540534
you don’t once you’re verified but that would take anon successfully completing 3 validations to unlock stake.
>>18540008
agreed with just stacking a few hundred dollars worth at a time every week/whatever you can manage

>> No.18540865

>>18540008
Once you're verified human mining gets pretty comfy.

>> No.18540935

>>18529393
This coin literally has no purpose. This is just a pyramid scheme for crypto and the developers are anonymous discord trannies.

>> No.18540964

>>18540935
Lazy fud. Jfc stfu

>> No.18541094

>>18540964
Kek, ill laugh at you fags a couple of months from now just like i laughed at nulinkers.

I would much much rather throw my money at suterusu, hell... fucking pi network because at least they have their faces and linkedins exposed out there, so at the very least they are not going to scam us. It may dump, but not willingly.

Anonymous devs are 99% scam guaranteed. If you’re going to run this shit, do it in a disposable laptop that you never use. Don’t throw a dime from your pockets at it. Just let it sit there, mine, sell your bags, cash out and get the fuck out as soon as you can. You can take advantage of scams if you are not a brainlet, it’s not all bad. Just don’t be the retard that buys my bags.

>> No.18541153

>>18541094
>shitting on Idena for anonymous devs (even though many pseudonymous projects have done well in crypto)
>investing in a chink hustle after the countless chinese scams posted on this board
the absolute state. kys

>> No.18541174

>>18541094
Ok bro, tell the anon satoshi too while you're at it that an anon project doesn't work derp

>> No.18541185

>>18541094
just to add
> Antshares
> NEO (centralized scam)
> WTC
> VEN
> TRON
> HPB
> ONT
> NKN
> SUTER (You are here)
but have fun getting dumped on by chinks with your high supply shitcoin desu. this board never learns, it amazes me people still trust chinese with their money. holy kek

>> No.18541283
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18541283

>>18541153
>>18541174
>>18541185

>muh chink scam!
>muh shitcoin!

CTO of suter has 1000+ citations in the field of cryptography https://scholar.google.com/citations?user=udEm4E8AAAAJ&hl=en

They are legit people. You barely need a brain in order to realize that. There are saudis dumping millions into SUTER as we speak.

Keep buying them shitcoin bags. Idena, Kleros, Nulink and all that shit. Wouldn’t be surprise if the devs are all the same people, a bunch of 17 year old trannies obsessed with cyberpunk and transhumanism that realized scamming people with crypto is the easiest thing out there.

>> No.18541291

>>18539592
>set alarm
>wake up
>spend 5 minutes validating
>go back to sleep
it will be unpleasant but it's not like you have to do it every day, eventually validations will only be on saturday once every three weeks or something

>> No.18541363

>>18541283
By the way, SUTERUSU team isn’t based on China. They are based on Singapore.

>singapore

>> No.18541963

>>18541363
Suterusu is a 8m cap, thats almost 8x Idena’s cap kek

>> No.18542130
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18542130

>>18541363
All Asians are either Chinks or Gooks. We don't call it the Asia Hustle for nothing newfag. Zilliqa is also from Singapora pajeet scum.

>> No.18542157

>>18535992
I FUD on the regular so I can accumulate more via mining

Sue me

>> No.18542495

>>18542130
Most chink projects are scams. You’d need a bigger format fitting all chink scammers on a picture.

>> No.18543224

>>18542157
Thats based but self destructive aswel

>> No.18543479

>>18542495
There's going to be a Chink reckoning soon. Imagine touching anything related to it now.

>> No.18544145

>>18533023

>> No.18544417
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18544417

Is this like an improved pi network with actual blockchain and shit?

>> No.18545225
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18545225

>>18529393
hqdailydaze@gmail.com

ty anon

>> No.18545346

>>18544417
kinda but it has an actual purpose and it’s being traded. pi just seems like such a fucking scamcoin. it generates no discussion, every thread is pajeets spamming their pi name, and on top of it, it requires KYC so you’re getting datamined. idena threads have been generating solid discussion

>> No.18545388

>>18545346
>it requires KYC
dropped