/biz/ - Business & Finance

[Anonymous No.23509356]

what went wrong?

[Anonymous No.23509631]

I dunno people are too lazy to use side chains

[Anonymous No.23509660]

>>23509356
>New projects on boarding every week
>Still holding a 4x from late july (many cryptos are down 90% from the level they were at at this time)
>Projects are frequently the most talked about in the space (Circles UBI for example)
>Still seen as the best scaling solution by many in the ETH community

The only thing that went wrong was that some weak hands sold, thinking the only use case for this thing was reddit. Ridiculously undervalued when you consider this is used more than OMG or Matic.

[Anonymous No.23509690]

>>23509660
What's this? Have they been announced as the winners?
I've been away for a while.

[Anonymous No.23509730]

>>23509660
My only hangup is that transactions on network don’t require STAKE the way transactions on ethereum require ETH, done for sake of ease of use I guess but terrible for tokenomics

>>23509690
Nah that’s another project’s announcement of their choice of xdai

[Anonymous No.23509866]

>>23509690
No, they weren't announced as winners. But that was one of the projects that moved from ETH mainnet to xDai stating why the moved.

My guess is the reddit engineers are retarded and legitimately don't seem to understand how ethereum works. They made a big stink about how you shouldn't transfer your tokens off Rinkeby in the testing phase. They don't seem to understand what it's like to have true decentralization. People are going to move their tokens where they want to, and currently xDai is the only network that you can really trade them on.

MATIC CEO and OMG's community are both seething about xDai. It's kind of hilarious. There is no adoption for either at the community level.

https://blockexplorer.mainnet.v1.omg.network/
>0 tx in last 24 hours
LMAO

https://explorer.matic.network/
>had exact same block explorer as xdai
>Literally REMOVES the tx per day stat as it was so fucking embarrassing

https://blockscout.com/poa/xdai
>50k tx per day, all made by actual users on real projects

It is funny because xDai is at 1/20th the value as OMG. No one is gong to use OMG.

[Anonymous No.23509932]

>>23509730
>My only hangup is that transactions on network don’t require STAKE the way transactions on ethereum require ETH, done for sake of ease of use I guess but terrible for tokenomics

The tokenomics aren't the best, but if you look at the climbing TVL, Tx per day, and overall long term trend, it is going up. I think though the ease of use is what makes it more popular. People already have to worry enough about ETH's price, why give them a headache and make them worry about their layer 2's token price? Once full POSDAO comes in, the tokenomics will be a bit better and it should moon.

[Anonymous No.23510771]

>>23509866
Lol wtf? Omg has zero tx today? How is it still so high in market cap?

[Anonymous No.23510822]

>>23509356

It's the same type of rugpull as BZRX.

[Anonymous No.23510967]

mmm getting closer to that 10$ swing mark, keep dumping anons

[Anonymous No.23511198]

>>23510822
How? BZRX has zero TVL right now. xDai's TVL is steady climbing. Gonna have to come up with better FUD ranjeet.

https://defipulse.com/xdai
https://defipulse.com/bzx

Clear difference.

[Anonymous No.23511367]

>>23509932
Any token I'm interested on that has liquidity on honeyswap, i've moved to trading it there. It's superior, dai is stable, and the low gas fees make it much easier to dca in or out of a positions.

If I had the money, I would just port in a bunch of liquidity for wbtc onto the network. I think once the wbtc/hny and dai pairs are up and running, the network as a trading environment will mature greatly.

[Anonymous No.23511766]

>Kusama 240m mc
>xDai Stake 40m mc
clown market

[Anonymous No.23511905]

>>23510771

Mainnet rollout was in June and exchange onboarding is still going on.

[Anonymous No.23512615]

>>23511766
Little reason to own stake until the new POSDAO comes out / tokenomics improves, could replace eth and still have a meager marketcap if stake not needed for transactions and nodes are run by a preselected group

[Anonymous No.23512925]

>>23511905
anon... i...

[Anonymous No.23513000]

>>23511766
it is not clown market you fucking idiot
its because people realized xdai doesnt generate enough fees to make payouts to stakeholders worth it sorry anon
the moment you realize that then youll realize why its useless
its poa network part 2

i will leav this page up and wait for someone to tag me and explain to me how you're earning with xdai

[Anonymous No.23513236]

>>23513000
Chai, bridge fees, posdao, also huge adoption is going to lead to more Tx fees being generated.

I already use Dark forest, POAP, Honeyswap on xDai. I have only used Uniswap on ETH, I don't want to pay for dapps on there, way too expensive. For most people xDai will be the best layer 2 solution. Dev's have already decided this. OMG and MATIC are sitting at zero adoption. No one likes the gook scammer jun, or pajeet sandeep. Based Russian lead devs ftw.

[Anonymous No.23513269]

>>23513236
good meme but can you tell me how many millionths of a penny you earned today??

this will die the same reason nano died, altruism does not work in the fucking financial sector

[Anonymous No.23513309]

>>23513269
nano died because of bitgrail.

[Anonymous No.23513347]

>>23513236
bruh chai saving rate is 0% right now so it got disable but there's another alternative like avve,compound though so i'm not worry.

[Anonymous No.23513444]

>>23513347
Yeah, but it probably won't be zero forever. And like you said, they could just replace it with one of those. Maybe if DMM comes along they could even get mtokens or something.

[Anonymous No.23513473]

>>23509356
OMG MOGGED it into the grave

[Anonymous No.23513527]

>>23513473
>0 tx today
You can't make this up. OMG is DOA. Project has zero adoption.
Check for yourself if you don't believe me:
https://blockexplorer.mainnet.v1.omg.network/

[Anonymous No.23513582]

>>23513527
it's 16 now lmao OG bag holders coping.

[Anonymous No.23514030]

>>23513582
I seriously believe that some OMG bag holder saw this thread and probably threw some shit coins around to make it look like the network has activity. Even 1k TX might as well be zero. But seriously, really embarrassing how bad OMG is.

>>23513269
This network is going to capture a lot more value than people think.

[Anonymous No.23514394]

>>23514030
sounds cool. too bad the network doesn't pay the bagholders. xdai is cool but it doesn't do shit for holders. stakes only job is to help eth limp along until a scaling solution comes along, which is sooner than you think.

the price will slowly deteriorate until the scaling solution comes in. by the way, gas prices are fine now that Uniswap got their shit together.

[Anonymous No.23514570]

>>23514394
>by the way, gas prices are fine now that Uniswap got their shit together.
Then why are projects still migrating to xDai? Vitalik himself said that main net will always be expensive to transact on. Basically, the faster eth mainnet gets, the more people will want to go on mainnet. Then the fees go back up. The fees will never stay cheap long on ETH mainnet because it will have global adoption. Side chains/roll ups will become what most people use. Most people will be fine using a sidechain, people that have very valuable stuff (more than you would ever put in a CEX) will probably use Roll ups.
Uni didn't get their shit together, the defi hype died off and people stopped farming all the bullshit tokens. There are already a ton of dapps running on xDai that wouldn't be feasible to run on mainnet. Adoption will continue and the transition to POSDAO will pump it.

[Anonymous No.23514590]

Nice try homo

NOT SELLING

[Anonymous No.23514611]

>>23510771
skateboards

[Anonymous No.23514620]

“Gas prices are fine”

Totally, dawg. I love paying 4 bucks a trade on uni instead of 1/10 a penny on honeyswap

[Anonymous No.23514746]

>>23513527
Smooth brains will never make it sorry. Good luck with your xliteralwho bags

[Anonymous No.23514771]

>>23514570
>>23514620
gas prices are generally AFFORDABLE again. if $1 sets you back you should cash out.

sorry for getting off topic

XDAI DOES NOT GENERATE ENOUGH FEES TO MAKE IT WORTH WHILE HOLDING STAKE AND EVEN IF IT WERE TO TAKE ALL OF ETHS CURRENT TX IT WOULD STILL BE THOUSANDTHS OF A CENT PER STAKE PER DAY

prove me wrong. extrapolate. give me some numbers. how much per stake are you earning per day??

[Anonymous No.23514823]

>>23514746
>0 tx on OMG network on certain days
>thinking OMG project is worth half a billion

[Anonymous No.23515213]

While you guys bitch it out I will sit back on my 9% interest stake bags

[Anonymous No.23515553]

>>23509730
This point is irrelevant, $stake is used to secure the network and the total supply is a fraction of projects with similar tokenomics. Stake is severely undervalued. Comfiest hold right now imo

[Anonymous No.23515567]

>>23509866
Based Satan

[Anonymous No.23515622]

>>23514771
>your poor if you dont want to pay 1 dollar per tx
This is the most low iq opinion you can have. You know transactions are used for more than value transfer right? You do understand how dapps work?

[Anonymous No.23515686]

>>23515622
>You do understand how dapps work?
Shhhhh.... Don't tell him. Let him learn this the hard way.

[Anonymous No.23515719]

>>23515622
totally aware, xdai offers an awesome solution albeit permissioned

yet

stake bagholders still cant explain to me what the value of holding stake is
>fees
>chai that doesnt exist
>bridge
have you even tried calculating the fees per day you're collecting per stake owned?
1 stake = $0.0000000001 in fees or something

prove me wrong

holding stake for financial gain is fucking stupid, the token does nothing but mint more tokens meaning it is designed to dump

sorry kid

[Anonymous No.23515842]

>>23509356
You were supposed to sell the 40x and then wait 6 months.

Fuse is next.

[Anonymous No.23515853]

>>23515719
Been thinking about selling my bags for this reason but at this point it would be selling the bottom

[Anonymous No.23515880]

sidechains are only interesting when gas is high and prices are rising.

[Anonymous No.23516042]

>>23515853
pic related

>>23515880
the only thing xdai fucked up on is that fees are literally too low
probably couldve done better abt this if they consulted someone who fucking understands incentive models i think
xdai is a great TEMPORARY SOLUTION FOR ETHEREUM
the idea of phase rollouts for eth is great

people need to stop acting like eth isn't a whale/first mover/rich person game because right now IT FUCKING IS

in 10 years when eth controls your toilet paper roll thne sure, i bet you 100 ETH the fee issue will be solved

BUT THIS IS ALL BESIDE MY MAIN POINT THAT NO ONE HAS REFUTED. HOLDING STAKE DOES NOT CONFER VALUE TO THE HOLDER. PERIOD.

this is unfortunate because xdai REALLY IS A GREAT SOLUTION FOR NOW. otherwise enjoy getting dumped on by whales with 20k stake dumping each day because that's the only value generated right now.

[Anonymous No.23516341]

>>23516042
Only in f’ing crypto is a paying “a dollar” a trade considered good.
Still not selling you my Stake : (

[Anonymous No.23516359]

>>23516341
>BUT THIS IS ALL BESIDE MY MAIN POINT THAT NO ONE HAS REFUTED. HOLDING STAKE DOES NOT CONFER VALUE TO THE HOLDER. PERIOD.

refute this

[Anonymous No.23516451]

>>23516359
So its like every other token in cryto? Got it.

[Anonymous No.23516705]

>>23516042
Bitcoin and Lightning Network. Everything else is a ponzi underneath.
You seem to be low IQ enough to have fallen for the Vitalik hustle.

[Anonymous No.23516708]

>>23516359
It was $1.8 when I bought now its $12,
Seems like it's doing ok ;)

[Anonymous No.23517192]

>>23516042
if you don't like this. why are you still here every thread with the same fud? it's getting old now.

[Anonymous No.23517482]

>>23516708
When’d you buy?

[Anonymous No.23517573]

>>23517482
In may, soon after it dropped from $4