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

/biz/ - Business & Finance

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File: 597 KB, 789x700, ren protocol.png [View same] [iqdb] [saucenao] [google]
19456194 No.19456194 [Reply] [Original]

>> No.19456260

>>19456194
yep. looking to buy 2nd pending volume bumps

>> No.19456262

>>19456194
it is so great that the rest plays their money on selfmate erc20 and scams and let me accom the shit out of ren

>> No.19456274

>>19456262
yes, its like buying permanent mining gear impervious to difficulty changes.

>> No.19456301

every time this gets posted my butthole clenches in horror

don’t fucking pnd this. i want ren to kill wbtc so fucking bad

>> No.19456336

I've three nodes' worth of REN, but I just hope that shit sees adoption soon

>> No.19456353

>>19456194
i'm hoping it dumps so I can get another node

>> No.19457556

>>19456301
wbtc.cafe is coming out soon. Everyone will switch to renbtc then

>> No.19457711

>>19456262
I thought this board would embrace Ren. They are choosing shitcoins instead

>> No.19457770

tBTC seems better, made by former consensys peeps and is non-custodian

>> No.19457874

>>19457770
their launch failed. they were reading bitcoin addresses wrong. huge setback for the project

>> No.19457926

>>19457874
Yes their launch was a failure but their non custodial approach is safer and a temporary setback doesn't mean they're out of the game. renBTC is only as secure as the network of nodes that power it so you lose the security of bitcoin or ethereum which is not the case for tBTC.

>> No.19458419

>>19457926
their approach isn't safe. it just failed. You're speaking in hypotheticals

>> No.19458697

>>19456353
How many do you have so far?

>> No.19459069

>>19456336
based

>> No.19459215

>>19458697
4

>> No.19459253

>>19457926
>yes the rocket blew up because of poor engineering skills, but its the better design
ok

>> No.19459311

>>19459215
damnn

>>19459253
lol

>> No.19459568

>>19459253
So you're bullish about the project with the worse design just because the launch of the competitor failed? Are you arguing that tBTC will never successfully deliver on their vision?

>> No.19459683

>>19459568
That is exactly what I am arguing. Even if they do put out a duct taped functioning product, Ren will beat them to liquidity.

>> No.19459726

>>19459683
I see, fair enough

>> No.19459735

How much is a node exactly?

>> No.19459746

>>19459735
100,000 Ren
Around $9,000

>> No.19459748

>>19459735
~9k USD

>> No.19459780

>>19457770
sorry matt, you fucked up

>> No.19459813

>>19456194
single nodelet reporting in. I hope the open source overlords add hetzner to the brainlet-auto-installer-scripts soon, their price/performance is much better than digitalocean

>> No.19460023

>>19459813
On the Ren telegram there was a guy with 10 nodes lol he said he bought at the top and bottom though

>> No.19460203
File: 55 KB, 595x634, tendermint.jpg [View same] [iqdb] [saucenao] [google]
19460203

Everyone loses it over zk rollups and optimistic rollups.

Ren uses Tendermint, and can achieve 10,000 tps right now.When they store erc-20 coins they are going to blow every dex out of water.

>> No.19461279

bump

>> No.19461966

bump

>> No.19461981

>>19461279
>>19461966
I like REN, but this is desperate

>> No.19462252

>>19461981
I want to it to be decentralized. This will moon, but I don't want VCs to get in first. Only 10,000 nodes

>> No.19462372
File: 45 KB, 1023x723, xvhh.jpg [View same] [iqdb] [saucenao] [google]
19462372

This better dip down soon enough, I'm too poor for this

>> No.19462417

>>19462372
I barely made two nodes, and that was all my holdings. I wanted to get a third but I think too many integrations are coming out. Aave,loopring,maker and wbtc.cafe where most people will turn their wbtc into renbtc

>> No.19462447

Funny this project is this most legit I have been hyped about in awhile and biz is quiet. Once other defi projects start announcing support for renBTC this will 10x by the end of the year. I can already taste 10k sats.

>> No.19462485
File: 118 KB, 780x646, mywife.jpg [View same] [iqdb] [saucenao] [google]
19462485

>>19462417
What's the current returns, and do you have any estimates on profitability in the future? I could technically take a aave loan against my link stack without selling any, but that's taking a little much leverage for what's basically my whole net worth.

>> No.19462564

>>19462447
legit projects don't get recognized because they are boring

>> No.19462655
File: 635 KB, 700x1000, TrustRen.png [View same] [iqdb] [saucenao] [google]
19462655

>> No.19462664
File: 658 KB, 850x645, KenRen.png [View same] [iqdb] [saucenao] [google]
19462664

>> No.19462669

will you idiots stfu already? Start shilling this shit when its mooning already otherwise stop it makes you come out as a desperate bagholder

>> No.19462680
File: 1.13 MB, 850x1292, KanekiRen.png [View same] [iqdb] [saucenao] [google]
19462680

>> No.19462698

>>19462447
It's a matter of time before big exchanges mint renBTC. Then we'll see the volume. I think /biz/ hasn't adopted it because a lot of the board is priced out :(

>>19462485
I made like 50 cents on the first epoch. only $475k renBTC/renZEC minted as of now. Once we see a aave or maker integrate that is going to jump

>>19462655
holy shit you are talented.

>> No.19462778
File: 123 KB, 509x572, RenCube.png [View same] [iqdb] [saucenao] [google]
19462778

>> No.19462984

>>19462655
Do you have this one without the text?

>> No.19463057
File: 639 KB, 700x1000, KanekiRenIsGoingTo100x.png [View same] [iqdb] [saucenao] [google]
19463057

>>19462984
no

>> No.19463258

>>19463057
I think you just made /biz/ a Ren board

>> No.19463970

>>19462778
Can you do a ren cube with just the logo on the 3 sides?

>> No.19464608

>>19463970
Why would you want that?

>> No.19465186

>>19463970
That wouldn’t look right.

>> No.19465543

>only 10k Ren
Please say something nice.

>> No.19465744

>>19465543
There’s always more applications. I missed btc and eth

>> No.19465815

>>19465744
I spent 3 whole paychecks on btc back in '17, then I lost it all to a scam. Lost even more money trying to bail out a friend who doesn't even talk to me anymore. But yes. One day.

>> No.19465847

>>19465815
I’ve always lost until a few months ago lol

>> No.19465849

I bought 130k Ren because biz has been shilling it since late 2018

I think I was going to buy some because of the shilling at like 3c but then it pumped to like 7c and I said no I will wait for a dip and then I forgot about it till now

>> No.19465866
File: 2.88 MB, 576x720, 1590958050392.webm [View same] [iqdb] [saucenao] [google]
19465866

>>19465847
Thanks Anon

>> No.19465906

>>19465849
I exited my other coin at the wrong time.then again I only invest in what I feel will fly at any moment

>> No.19465919

>>19465866
Kryptonite fog aaaahhhhhhh

>> No.19466454
File: 28 KB, 340x354, 6A9591B4-4A8D-4568-9A25-EFDA57CD8C8B.jpg [View same] [iqdb] [saucenao] [google]
19466454

>>19465866

>> No.19466463

Fuck that, I sold all my REN to buy MINDS!

MINDS = Facebook on Ethereum Just entered Uniswap, GO GO GO!!

This gonna be the next 100X moon riser, and it hasn't even started...

Long Story Short: Ethereum-based social network Minds now has 2.5 million users

- Few days ago Vitalik was calling for an Alternative Decentralised Social Media, in the decrypt article
(https://decrypt.co/30290/vitalik-buterin-trump-twitter-clash-need-alternative)) they give some hints and they first mention MINDS: "Meanwhile, crypto-based social media platform Minds is also reportedly growing its user base"

- Then decrypt posted some follow up in this article, since this is a parabolic growth in their use base:
"Ethereum-based social network Minds now has 2.5 million users" (https://decrypt.co/30386/ethereum-based-social-network-minds-now-has-2-5-million-users))

- Until last week, MINDS wasn't even available to trade anywhere, the very first tokens are now available on Uniswap:
https://v1.uniswap.exchange/swap/0xb26631c6dda06ad89b93c71400d25692de89c068

Don't wait too long folks grab some while you can, because theres not much available!

>> No.19466545
File: 31 KB, 614x614, 8677A969-D6AC-4D3A-B29B-C94918268FD5.png [View same] [iqdb] [saucenao] [google]
19466545

>>19466463
>he calls himself “smart trader”
>he bought minds

>> No.19467635

Bump

>> No.19467958
File: 52 KB, 1280x720, maxresdefault[1].jpg [View same] [iqdb] [saucenao] [google]
19467958

oof, can we please not make this gay ass tokyo ghoul shit a thing

>> No.19468186

>>19467958
I’ve never seen it before. Looks cool lol

>> No.19468209

>>19467958
I only made it Ken because Ren, also Ren looks edgy lol

>> No.19468258

>>19466463
based

>> No.19468265

>>19456194
Much better low cap buys now, like Suterusu. Ren is a low test project.

>> No.19468400

>>19468265
If Ren consumes a fraction of the bitcoin and zcash markets, that’s billions

>> No.19468957

How many nodes to make it?

>> No.19468981

>>19468957
minium 10

>> No.19469074

>>19468957
1

>> No.19469127

>>19468981
10 is almost 100k USD???

>> No.19469423

>>19469127
>>19469127
if you want to make it, yes

>> No.19470542

What's the ROI of such a node, how is it calculated, can't find any recent data on it

>> No.19471262

>>19470542
it depends on various factors, but some analytics firm calculated that the present value of REN based off potential revenue was about $2.5 half a year ago

>> No.19471268

>>19470542
medium.com/blocktown/https-medium-com-blocktown-updated-analysis-and-valuation-of-republic-protocol-e2b813277b5d

edit: it was a year ago
they should update it desu

>> No.19471385

>>19471268
>>19471262

Yes that's the same i found

>> No.19471604

Can't afford a node right now, can we see this jumping to at least 10 bucks or so?

>> No.19472155

>>19471604
Unlikely. $1 would be absolutely massive.

>> No.19472333

>>19472155
how about $2.5 though?