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/biz/ - Business & Finance

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File: 187 KB, 1182x978, Screen Shot 2020-08-13 at 1.42.50 AM.png [View same] [iqdb] [saucenao] [google]
21343504 No.21343504 [Reply] [Original]

Anon "fudding" in the other YAM vote thread was 100% right. This is horseshit

https://twitter.com/YamFinance/status/1293811276062380033

>> No.21343615
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21343615

>>21343504

>> No.21343642

>>21343504
What the FUCK is going on? Link to other thread?

>> No.21343650

yams is either going to a billion dollars or zero in the next week

>> No.21343659

>>21343642
>>21338873

Unbelievable. Just really, truly unbelievable

>> No.21343684

kek

>> No.21343691

>>21343504
STOP BUYING SHITCOIN SCAMS WITH NAMES LIKE YAMS

>> No.21343866

>what does it do?
Elastic supply that ensures price goes up
>what's the benefit to the user?
the price goes up and they make money
>So its a heavily manipulated currency created by copying code with zero utility and no other assets backing it?
yes
>and that's going to make you rich?
ARRRGH OMFG IM FINANCIALLY RUINED!!!
oh look, shiny new shitcoin, this one definitely will make me rich

>> No.21343875

>>21343659
Thanks. Do I withdraw my linkies or what? Why is this shit happening hahaha fuck

>> No.21343901

It just dumped 40%. Holy shit.

>> No.21343903

>>21343504
yield farming is a 24 hour fucking job. amerimutts are going to neck themselves when they wake up in a few hours.

>> No.21343932

these motherfuckers cost me so much money pafoeihpfadsjfpaosijfadpsifj

>> No.21343938
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21343938

>I bought in right before the massive dump
Why shill me in this /biz/ what am I gonna tell my kids?

>> No.21343944

im staying in the pool just to see what happens. It's just 800USD anyway

>> No.21343947
File: 41 KB, 700x557, 1565667733742.jpg [View same] [iqdb] [saucenao] [google]
21343947

>what does it do?
Elastic supply that ensures price goes up
>what's the benefit to the user?
the price goes up and they make money
>So its a heavily manipulated currency created by copying code with zero utility, no demand, and no other assets backing it?
yes
>and that's going to make you rich?
ARRRGH OMFG IM FINANCIALLY RUINED!!!
>are you surprised?
oh look, shiny new shitcoin, this one definitely will make me rich

>> No.21343981

>>21343866
It gets me every time. ACTUAL AMOUNTS OF MONEY HAHAHAHAHAHHAHAHAHAHAHAHA.

>> No.21343984

Its about to pump so hard once you all realize he was paid to do this by binance so they could buy in cheap.

>> No.21344008

>>21343875
Withdraw everything. YAM is going to be worthless soon

>> No.21344028

>>21343984
>he was paid to do this by binance so they could buy in cheap.
That is some super retard thinking there friend

>> No.21344046

>>21344028
>He doesnt know.

>> No.21344069

IC ANT EVEN SWAP ON UNISWAP THIS STUPID FUCKING COIN

>> No.21344073

As soon as I saw those strange tweets, I got the fuck out. Experiment iover. It failed.

>> No.21344096

>>21343938
isn't the whole point to earn yams? you shouldn't have bought any at all

>> No.21344097
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21344097

>My YAM just doubled
IM RICH IM RICH HAHAHA YOU NIGGERS SOLD RIGHT BEFORE THE REBASE

>> No.21344107

>that tweet
How do I long Rope Futures?

>> No.21344146

>>21344097
Wait how did my yammies increase while price stayed constant

>> No.21344182

>>21344146
>constant

>> No.21344212
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21344212

>>21344146
Price dumped to $6 (50%) drop, then rebase dropped it to $2. And you only got double the yammies

>> No.21344249

>>21344212
Im never fucking selling

>> No.21344277

My yams doubled, does that mean the rebases worked?

>> No.21344294
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21344294

>>21344277
Yes, of course. And not too mention, the mcap of YAM just went up to 30 trillion quadrillions
Very solid rebase, very solid code

>> No.21344335
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21344335

>>21344249
>Im never fucking selling
Yeah, well they just told people to yank liquidity, so I think that's a given

>> No.21344446
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21344446

I hope you guys listened, I told you to exit at $10.
The founder is literally crying on twitter right now

>> No.21344483

Just pulled my linkies out. Fuck this shit

>> No.21344530

>>21344446
Hahaha wtf so it's over?

>> No.21344577

>>21344069
LOL YOU RLLY BOUGHT IT?

>> No.21344583
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21344583

>>21344530
I'm thinking it's pretty donzos

>> No.21344703
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21344703

>>21344583
so you're buying more yam?

>> No.21344731

>>21344483
any way to make transaction fees lower? I don'w want to pay 50$ to get my 5 Link out.
maybe transactions will go lower once things calm down a bit?

>> No.21344923

>>21344731
You put link into yamconnect?!?!

>> No.21345073

>>21343691
Or fucking "tendies" or "brrr"
Lmao

>> No.21345132
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21345132

Can someone explain this defi shit to a brainlet? Why did it crash so hard instantly?

>> No.21345243

Just watched my $100 turn to $10 live over the course of an hour. I'm never getting this back am I

>> No.21345287

>>21344923
yes, stupid, i know but at least i didn't buy

>> No.21345299

>>21345132
it was a ponzi

>> No.21345314

>>21345243
imagine people that had 10 or 100 thousand in it

>> No.21345337

>>21345299

a ponzi that ''respected'' members of CT shilled to leech everyone else's $$$

>> No.21345373

>>21345337
that's the story of crypto. All these tokens only exist to increase your eth stack, very few exceptions.

>> No.21345646

>>21344446
Fuck me everyone is patting this belmore prick on the back for a job well done

>> No.21345686

>>21344530
its over.
forever.

>> No.21345729
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21345729

say sorry anon

>> No.21345759

>>21345299
Yes, but what exactly caused the crash? How do these rebase things work? Is all defi like this? Or is this a particular scammy approach?

>> No.21345851

>>21345759
they are incompetent and printed way too much yams than they intended to.
it was intended as a ponzi, but turned out to be a buggy ponzi.
Apparently between $500k and $1M YCRV is now permanently locked because of it. Good for yearn