The most important thread on biz right now. Newfags, pay attention.

[Anonymous No.27750781]

>ctrl+f TSLA
>zero (0) result
/biz/ at peak volume, yet /biz/ is dead.

February 4 2021. The day Defi starts playing in the big leagues.

Okay, look. I posted the first half of this picture here just 2 days ago, and it got literally zero reaction. On 2018 biz it would have gotten a maxed out 300 "lightbulb moment" replies thread. The GME white noise and influx of tourist retards is discouraging the high IQ oldfags to dig for the gold nuggets in the ocean of shit, and the newfags are too retarded to put 2 and 2 together.

A few hours ago, this happens. How much do you tourists need to be spoonfed here, exactly?

Stonks-friendly DEFI. If you saw how huge defi got with simply shitcoin price feeds; then consider the *deep* implications here.

Consider the *deep* implications of smart contract composability when it shifts from strictly shitcoins to now all kinds of stonks.

TSLA+AAPLwere literally in the header of the first website version of Synthetix. This was always "Kain's Vision"; today is the day Synthetix goes from prototype to a blue chip.

They dipped their toes in the water with Nikkei 225 & PMs, but obvious regulations etc.

Consider how Layer 2s, such as Arbitrum and Optimism, allow for the launch of such feeds on a 100x scale.
Stani tweeted something to that affect a few months ago, also went largely unnoticed.

Consider how the GME debacle brought 1. new attention to DEFI as inevitable AND necessary, 2. put Elon at the center of it in terms of normie awareness. All it would take to light the match, would be for Elon himself to become aware of the *deep* implications.

Example: Pimp My Ride, a few months ago, was already attention-grabbing. With payouts in crypto only. Well what if payouts could be made in TSLA stonks? Or even more of a meme, a basket of TSLA stonk combined with DOGE coins. All automatically trustlessly triggered when your Tesla Uber ride accomplished its service. LEGO.

0x21CBd7098bf18F293fbF5451Be2Fc968EAA1e072

[Anonymous No.27751627]

Okay I'll bite. I feel like this post has some substantial information in it, but i just had my dinner and my brain is too foggy to take it all in, but it would be a shame to let this thread go to waste. What does pic related mean exactly?

[Anonymous No.27751651]

>>27750781
What address is that?

[Anonymous No.27751981]

>>27751627
>>27751651
Okay I'm gonna put it the most brainlet terms possible: Chainlink (ticker $LINK) is beginning to rollout stonks price feeds, to be used by DEFI platforms, the first platform to use Tesla and Apple feeds will be Synthetix (ticker $SNX). The Pandora Box is now open.

[Anonymous No.27752091]

SNX will quickly phase transition into 3 digits within a year, 4 digits within 3

[Anonymous No.27752234]

>>27750781
>chainlink price: $20
maybe this is why no one fucking cares

[Anonymous No.27752353]

>>27751981
https://sips.synthetix.io/sips/sip-110

[Anonymous No.27752931]

>>27752091
They'll unironically write about the Framework DEFI Blue Chip Mafia the same way we talk about the Rothschilds today. lol 2 guys and an anime nazi website saw it before everyone else.

>>27752234
Information asymmetry. There was literally a huge "why did no one talk about AAVE at $40??" thread today. 1K is FUD. Look at all the fucking white noise right now. How do you think the nerds holding ETH at 1 dollar felt 6 years ago?

>oh no it's crabbing at TEN dollars, fucking crypto kitties PIECE OF SHIT;I could have bought Facebook instead!!!!!!!

>>27752353
Faces will melt.

[Anonymous No.27753107]

>>27750781
big if true. I suppose the most immediate question is to think about if big smart money is paying attention to this. There's so much happening in defi right now I wish I had more capital to spread among the most promising projects.

[Anonymous No.27753400]

>>27750781
Oh. God. How long do you think we have before people realize?

[Anonymous No.27753494]

>>27753107
FTX has a DeFi PERP which is basically like a top 10 DeFi ETF and also a 3x leveraged DeFi token if you're a last bastard like me and can't choose just one

[Anonymous No.27753603]

>>27750781
scam

[Anonymous No.27753641]

What does any of this mean? Tell me where to spend money

[Anonymous No.27753669]

>>27753494
I'm a burger, unfortunately =(.
Haven't tried accessing FTX with a VPN. Any insight?

[Anonymous No.27753684]

>>27753107
If you were here in 2018 you'd know how we were all collectively utterly deluded about LINK being much more advanced than it really was ('mainnet will be unveiled at salesforces event!!" lol); we were right about everything, we were simply too early and even the smart money wasn't paying attention, because there's just so much noise and information to digest.

Mike Novogratz and Grayscale only started buying LINK in the 20 dollars range.

Elon could be using his influence to tweet about defi to educate the GME WSB crowd, and he instead tweets about doge. Even he has no clue what's going on.

>elon tweet exchanged with vitalik a while ago, and he simply seemed clueless; not helped by vitalik not understanding the monster he's created himself ("toyota", muh merkle trees, etc)
>grimeth tweeting about etherium with an i a few days ago
You have no idea how early you actually are.

[Anonymous No.27753702]

>>27750781
This is bullish as fuck for SNX. Accumulating

[Anonymous No.27754008]

>>27750781
Wait, will actual stonks be traded, or crypto derivatives of stonks?

[Anonymous No.27754141]

Can I recieve dividends with the stonks as tokens on my wallet? Will I have to pay those big ass gas fees to recieve my dividends?

[Anonymous No.27754175]

>>27753684
I like to delude myself with the assumption that people in the upper echelons of finance and industry at least have people working for them whose job it is to accurately discern the potential of stuff like this, but yeah, I'm constantly presented with evidence like yours that this isn't the case. Feels very strange to live in a world with nobody at the controls.

[Anonymous No.27754198]

>>27754008
Crypto derivatives. Nothing the sec can do about it because it's decentralized

[Anonymous No.27754230]

>>27754008
That's my understanding of it, but either I'm more retarded than I previously thought or OP isn't quite clear on the matter. What's the advantage of this?

[Anonymous No.27754238]

>>27751981
what is the snx token utility?

[Anonymous No.27754292]

>>27750781
>posted the first half of this picture here just 2 days ago, and it got literally zero reaction. On 2018 biz it would have gotten a maxed out 300 "lightbulb moment" replies thread. The GME white noise and influx of tourist retards is discouraging the high IQ oldfags to dig for the gold nuggets in the ocean of shit, and the newfags are too retarded to put 2 and 2 together

I’m sorry fren, I’ve had explosive diarrhoea otherwise I would’ve been paying attention. Thank you for your effort posting. Just know some of us are still here, just silent right now.

[Anonymous No.27754342]

Elon buying GameStop when?

[Anonymous No.27754392]

>>27754141
L2 solutions already here and getting implemented now

[Anonymous No.27754451]

>>27754141
from what i see, its just a mirror, so you dont get it

also, there is no legal apparatus behind these stocks tokens, tokenization of everything cant happen until then

[Anonymous No.27754559]

>>27754451
This is what I don't get. I'm not sure I see the advantage of a token tied to a stock.

[Anonymous No.27754697]

>>27751981
I literally don't care about stocks, who comes to crypto to buy stocks lmao

[Anonymous No.27754723]

>>27750781
>silver
Ugh, no.

[Anonymous No.27754815]

>>27754723
you can trade boomer rocks, but it's crypto!!

[Anonymous No.27754868]

>>27754198
>Nothing the sec can do about it
I don't share your optimism.

[Anonymous No.27754876]

>>27753684
>You have no idea how early you actually are.
>>27753400
>Oh. God. How long do you think we have before people realize?
It's already top 30 market cap. This isn't THAT early.

[Anonymous No.27754880]

>>27754230
>What's the advantage of this?
There was a post in the Sergey Oura Ring thread the other day from a very insightful anon who summarised how stonks are actually owned and held by jews while traders just hold IOUs or some shit. I will see if I can find it. But the benefit is basically all the benefits of decentralisation

[Anonymous No.27754946]

>>27754876
>It's already top 30 market cap.
Into the trash it goes. Thanks for saving me time.

[Anonymous No.27754984]

>>27754946
It's actually top 20 I misspoke.

[Anonymous No.27754994]

>>27754392
and that means?

[Anonymous No.27755054]

>>27754559
>>27754697
>>27754815
>>27754451
>>27754230
>>/biz/thread/S27393406#p27400597

[Anonymous No.27755086]

>>27754868
Sergey will "choke" on one of his cheeseburgers soon.

[Anonymous No.27755088]

>>27754994
Less gas fees

[Anonymous No.27755244]

wait so if we tokenize all the stocks, we can actually verify that every one of the exists? looks like the jig is up

[Anonymous No.27755326]

It seems like once reliable stock and commodities oracls exist the rest (futures/options etc) is just an implementation detail. You can try to pick the winners out of the tens or hundreds of decentralized exchanges or else you can just hold link. I already had link so nothing really changed for me. Nice thread tho. Also look into pic rel. (with 2 ts) but don't post the name or ticker cuz some mod has shadowbanned it for some gay reason.

[Anonymous No.27755379]

>>27755054
thanks anon

[Anonymous No.27755402]

>>27755244
my problem is who is verifying that snx is actually tokenizing every stock or piece of gold? like what if they just tokenize a bunch of paper lol?

[Anonymous No.27755417]

>>27755086
He’s given up the burgers for the healthy lifestyle

[Anonymous No.27755452]

Thanks for info marine, $0.3 buyer here. /biz/ isn’t what it used to be so I generally don’t reply but a lot of us still lurk

[Anonymous No.27755574]

>>27755054
the shift is so big that i cant really see anything like that happening in the next 10y, if ever

[Anonymous No.27755575]

>>27753684
eh... the future is obviously blockchain
these people's twitter accounts are controlled and they only tweet about things when the time is right.
Doge is a gateway for normies to BTC --> ETH --> LINK. aka they know what they are doing
r/wallstreetbets is the push for decentralization/ crypto

[Anonymous No.27755696]

>>27755402
Pretty sure it’s just pegged to the asset price via Chainlink price feeds

How will this impact stonks, since the tokenised version can be traded 24/7 but stonks close down out of the working week??

[Anonymous No.27755714]

>>27755574
It's gonna happen gradually. Like BTC is doing now as an investment overtaking gold in popularity.

[Anonymous No.27755850]

>>27755574
If Defi eclipses the boomer markets then they’ll have no choice but to adapt plus daddy Schwab will guide them along

[Anonymous No.27755867]

>>27755696
oh yeah FUCK the after and pre market schemes they are all going to get FUCKED by retail

[Anonymous No.27755924]

>>27755696
Once the NYSE closes, the crypto market will basically run on speculation until it opens again and then corrects, what's so difficult about that?

[Anonymous No.27756039]

>>27755402
It's not doing that. Look at https://kwenta.io/
SNX allows you to mint synths, tokens whose value, relative to SNX, depends on how the asset you have pegged your synth to fares in the market. You turn SNX into a sETH, sETH go up, you get more SNX back when you exit. LINK provides the pricefeeds.

[Anonymous No.27756049]

>>27755924
>the crypto market will basically run on speculation until it opens again and then corrects,
The price of the stock won’t be affected by trades of the tokenised asset though

[Anonymous No.27756203]

Am investing in snk or chain?

[Anonymous No.27756260]

>>27756203
Am in both.

[Anonymous No.27756277]

>>27755402
>what is “proof of reserves”

[Anonymous No.27756304]

>>27756203
google "fat protocol thesis"

[Anonymous No.27756393]

>>27755714
>>27755850
i wish, but we only see more centralization and more oversee by big government over time, how will any of these force their hand? so far crypto is just a parallel market

[Anonymous No.27756541]

>>27756203
>chain
Get out

[Anonymous No.27756628]

>>27756393
>how will any of these force their hand?
Profit & customer demand

[Anonymous No.27756716]

>>27756260
>>27756304
>>27756541
£250 in each. Got it.

[Anonymous No.27757166]

>>27750781
The issue with tokenising stocks is that the FCA has just implemented a ban on the sale of crypto derivatives in the UK, more specifically the ones which function as trackers of market prices that aren't explicitly defined as currencies. Are you worried at all about tighter regulations, or do you think this is just a stopgap to prevent retailers from buying dogshit until defi and synthetic assets are considered "safe" for public use?

[Anonymous No.27757175]

>>27756039
Holy shit.

What about staking SNX, is it worth it?

[Anonymous No.27757194]

The idea of synthetic assets is great and all but the Ethereum network is completely fucked. I want to see this kind of thing implemented on a better smartcontract network.

[Anonymous No.27757327]

>>27750781
Yawn so what everyone knew this was comming and still MIR beat them to the punch you could buy their AAPL and TSLA and other stonks on uniswap last week

[Anonymous No.27757423]

>>27757166
How do you think they are actually going to stop decentralized applications? They were designed to be unstoppable from the beginning. They are absolutely fucked.

https://twitter.com/santiagoroel/status/1357148156480217090?s=21

[Anonymous No.27757483]

>>27750781
imagine being Kain and creating some meme copy of the paper price of silver that's literally being suppressed and still thinking you're part of the financial revolution kek

[Anonymous No.27757605]

>>27757483
Stay poor then faggot. You are probably one of those retards that thought the fax machine would never die and people would never get into strangers cars to get from point a to point b.

[Anonymous No.27757751]

imagine also my shock when Chainlink can solve the problems of the financial markets in terms of gamestop and comex silver but instead of demanding proof of reserve and transparency we get meme data feeds dumped on top of the existing scammy financial system

[Anonymous No.27757833]

complete newfag here, i just read https://stats.synthetix.io/ and https://docs.synthetix.io/litepaper/ and i'm not sure if i understand it correctly

basically this shit is 20 usd, with market cap of around 4 billion usd
snx is used as a collateral, so if we ignore collateralisation ratio for now, with 4 billion market cap you cannot create synths worth more than 4 billion
if more assets are converted to synths (so if it gains popularity), the price of this has to increase to accomodate that
if market price of asset tied to synths increase, it has to increase also
TSLA and AAPL total market cap is around 3 trillion, if 0.01% of their total market cap would be converted to synths, SNX market cap should go to roughly 300 billion

that would mean 75x if 0.01% of TSLA and AAPL is conveted to synths, 7.5x if 0.001%

now please tell me where i made mistakes.

[Anonymous No.27757835]

>>27751981
Priced in

[Anonymous No.27757919]

>>27757605
stfu with your canned diatribes retard. Things change yes but that's no reason to try and drag the existing problems along for the ride just so Kain can larp about muh big boy copied scam assets

[Anonymous No.27757924]

>>27757751
You realize you can create your own tickers in the defi space, right? Just buy your own physical silver, upload proof of reserve somewhere, and mint your own defi token to trade anon's silver stack ($ASS) on the blockchain.

[Anonymous No.27758122]

>>27757924
So you're saying that anon sets up a livestream to monitor the actual amount of silver being held in reserve to prop up that erc 20 scam and others invest into this being fully aware their investment is based on a livestream feed and a (dumb) smart contract?

[Anonymous No.27758312]

>>27751981
so you think it's adding any value to an entire segment of technology that already exists and has been in use for fucking decades and will never change unless it makes wallstreet money? enjoy bag holding

[Anonymous No.27758404]

>>27754008
>>27754198
>Crypto derivatives. Nothing the sec can do about it because it's decentralized
fucking KEK. jump in guys you can trade tokens that represent stocks that you don't really own. i mean what the fuck could go wrong with that

[Anonymous No.27758406]

>>27757833
Holy fuck. This is a moon mission of a lifetime...

[Anonymous No.27758735]

>>27757833
you're too early and will likely paperhand before history is made

[Anonymous No.27758766]

>>27758122
Throw a Kleros clause into the smartcontract and what could possibly go wrong?

In reality the way it would work is you tokenize silver and allow people to return the silver tokens to you for delivery of the physical. Obviously you want to discourage that so you put a 60 day shipping time on it and charge some fee for shipping as well and eventually everyone just trades your tokenized silver and hardly anyone tries to get delivery, and if that happens you buy more physical silver from the real markets to refill your physical stack and then sell the tokenized silver back out onto the defi market.

If you get a license to act as a stock broker I _think_ you could do the same thing with batches of stocks. As in, buy 1000 shares of eg TSLA then release 1000 TSLA tokens redeemable for TSLA stocks transferred over to whoever turns in a TSLA token back to you. And whenever you have to deliver a TSLA stock you just quickly buy more from the open market to replenish your stores.

[Anonymous No.27758878]

>>27754880
my lord do you not understand that every day at the days end all of those stocks traded that were iou's go through settlement and actually change hands?

[Anonymous No.27758967]

>>27758406
The problem with snx for me is that it doesn't challenge the existing problems of cefi and the manipulation of contracts by hedgies. As we saw with GME hedgies break the rules all the time and manipulate contracts within their space so there is no reason to believe that snx which builds upon a false foundation by mirroring and duplicating the problems of cefi by tokenizing them
>>27758766
>use Timo's favorite Indian scam
>deincentivize people from wanting to possess real value
>become part of the system that's ripping value away from the people
You are part of the problem.

[Anonymous No.27759090]

>>27754880
>I don't really understand what I'm talking about but someone else did (I think) the other day
Why do you faggots even bother to post here? Fuck off back to twitter

[Anonymous No.27759106]

>>27757423
Obviously they can't do anything about defi itself but as a UK citizen if I were to buy into SNX would they be able to confiscate my gains for buying synths without a loiscence? Or should I just buy and hold until those regulations no longer apply?

[Anonymous No.27759131]

>>27754697
anyone who has the majority of their wealth on chain and who doesn't want to cash out to get exposure to stock markets.
the big crash is just around the corner and to be able to have some short exposure through crypto is a giant opportunity.

[Anonymous No.27759224]

>ctrl+f Chainlink
>0 results

[Anonymous No.27759262]

>>27757605
This sounds like projections to me. Everyone that will be a part of the new financial revolution will NEVER buy in to the old institutional ways. Simply put, they will never trust the real value of something intangible like the supply of silver, or gold, or stocks, or currency ever again. No, they will only trust what the blockchain says.

It will have its place in the market as crypto becomes more mainstream, but to lets face it, no one is getting rich off Thether or Litecoin or USDC. They're just convenient to trade with.

[Anonymous No.27759426]

>>27758967
>You are part of the problem.
Would you like to trade silver on the manipulated COMEX and be held hostage and unable to get delivery in a timely manner or would you like to move to defi tokenized silver and perhaps escape the price manipulation? Remember that the USA's overprinting of dollars compared to gold reserves wasn't exposed until France's Charles De Gaulle started actually redeeming dollars for physical gold and putting the squeeze on uncle same. And I was joking before about Kleros but if you use Kleros as an escrow system witholding payment for silver until delivery is confirmed by an oracle tied to UPS signature on delivery tracking system, you reduce by a lot the trust necessary to make the system work.

[Anonymous No.27759446]

>>27757833
you assume that its snx that would be used as collateral

[Anonymous No.27759452]

>>27751981
mTSLA already exists you know...

[Anonymous No.27759522]

>>27750781
I can already trade TSLA and AAPL at FTX

[Anonymous No.27759559]

>>27759452
>that meme

[Anonymous No.27759593]

>>27750781
I'm literally to retarded for this riddle.
What do i buy and how much to make it?

[Anonymous No.27759632]

>>27759106

I wouldn't be worried about it. If it had any legs or if the FCA had any clue about potential enforcement, Binance would have blocked SNX already. As it is, you can currently fill your boots.

[Anonymous No.27759745]

>>27753684
>You have no idea how early you actually are.
Or maybe crypto stock etfs never get adopted? Maybe nobody cares. Or if it does who is to say Synthetix will be the big player or even relevant at all in a year? There are 8400 crypto projects out there with more being added every day. Nobody can keep up with the information overload.
I'm not trying to fud I'm just answering you why people don't seem to care.

[Anonymous No.27759788]

>>27753400
Decode this nigger what do I buy

[Anonymous No.27759821]

>>27759426
I wouldn't because the paper price is not the real price of physical silver including shipping and insurance which get left out conveniently because cefi cannot handle addition "security costs" which is why defi will win but you still have the same problem because Kain did not distinguish between real physical silver and paper contracts.
If the comex fails defi will be affected because of this problem. You need to get better data for your defi contracts that isn't based on scammy paper markets which are being targeted right now.

[Anonymous No.27759844]

>>27753641
I'm pretty sure he's saying to buy link, but he's one of those reddit losers that thinks rambling like an autistic retard makes him seem smart versus just forming coherent sentences. There are alot of losers who want to feel important on this site.

[Anonymous No.27759847]

>>27759522
those are low volume for now, very little adoption; but they are actually backed 1 for 1 and you can redeem the ftx GME for a real share of GME.. you're basically trading spot but with a lot more slippage.

I think the same will happen for it on synthetix.. low volume for now. the difference is that the synthetix version are more akin to futures, you're not buying the stock 1 for 1, you're speculating on its price through the syntetix token. there's no redemption.

[Anonymous No.27759939]

>>27759745
>Maybe nobody cares

they do, the amount of friction you remove from the system is gigantic

friction = low skill white collar wagies

[Anonymous No.27760087]

>>27759844
>>27759593

both of you are trash tier niggers that came here from reddit, you sound just like my brainlet friends when they ask me about anything blockchain related

>nice, but what do i buy and how much will i make?

jump from a bridge you worthless trash

[Anonymous No.27760148]

>>27757423
>How do you think they are actually going to stop decentralized applications?
by arresting citizens who engage with the technology after making it illegal. it's pretty simple. why are you shilling so hard btw?

[Anonymous No.27760258]

~3bil cap already
no thanks. I'll take my cahnce with 1mil cap for the potential 100x

[Anonymous No.27760274]

>>27759559
I know it smells like curry and I don't actually have a cent on mir, but these are the synths they have:
https://terra.mirror.finance/stake
VIXY, BABA, NFLX, TSLA, SLV, TWTR, AMZN, AAPL, MSFT, GOOGL, USO, QQQ, IAU.
The reason people don't know about it is because it's nowhere near as useful as they shill it to be. The only reason I'd use synths is for oracles for other DeFi solutions but on its own it's not much. I'd wager the same applies to synthetix.

[Anonymous No.27760281]

futures market is how everything is manipulated and controlled
defi/synthetix wants to tokenize and have a decentralized futures market for everything
so I finally get to be the jew?

[Anonymous No.27760370]

>>27759821
>You need to get better data for your defi contracts that isn't based on scammy paper markets which are being targeted right now.
Yes, I agree. That's why I was talking about launching your own silver token and letting that trade and basically being your own little COMEX. And of course other people could do the same until there was plenty of silver tokens around giving a good sense of liquidity in silver delivery contracts on blockchain.

Meme data feeds from the COMEX manipulated market can be used for arbitrage smartcontracts but I agree I don't see much use compared to using Chainlink to aggregate and average all the tokenized silver prices together.

[Anonymous No.27760467]

>>27756039
>>27755402
So if I buy stesla and it does a 100x, where does my newfound fortune come from? Do they actually go out as a fund and purchase tesla on my behalf? Oherwise I don't understand where does the value creation come from when I cash out?

[Anonymous No.27760580]

>>27757423
In India they're making holding crypto a 10 year jail sentence plus fines. Boom, done.

[Anonymous No.27760744]

>>27760467
it comes from the guy who you sell it to when you realize your gains. if there's no users or no adoption then you face high slippage.
it's a futures market. there's no underlying redemption into a tesla share.

[Anonymous No.27760777]

>>27760087
Oh no. Says the guy who writes 400 melodramatic sentences to say what he could have in one. You're like reddit incarnate, loser. Now write 50 more paragraphs that no one will read.

A loser shouts into the darkness. Nobody listens.

[Anonymous No.27760816]

>>27760370
I suppose there is merit in distributing the "comex" to the people if they all rushed to buy silver and obtained a decent stockpile and hyperinflation set in they would be well positioned to take advantage of the economic shock and become small lenders through the tools that defi provides.
However we still have the problems of proving ownership of physical tangible reserves (livestreams might be good) because if the comex fails it will be the greatest financial disaster known to man desu. And it wouldn't matter where your feeds come from because they all reference paper silver and buying physical will eventually create that squeeze situation you mentioned before.

[Anonymous No.27760898]

>>27760580
It's a shame they can't enforce it, even with the ban Mumbai peasants will still be shilling their poo covered coins here

[Anonymous No.27760903]

>>27759593
ETH, LINK, and SNX

Buy as much as you can.

[Anonymous No.27761065]

>>27760816
You don't really need proof of reserves as long as you have a 100% successful redemption/delivery rate. That's how the COMEX works now, it's not like people prove they have X amount of wheat before the harvest comes in.

[Anonymous No.27761186]

>building anything off efeerium network
>running anything off efeerium network

I seriously hope you guys don't do this

[Anonymous No.27761317]

>>27760744
Thank you for actually answering. Same way a stock works basically except if a public company is bought or chooses to liquidate all assets and go out of business the share holders get a slice of whatever the company is worth. So on the Synthetix market I suppose you'd just be up shit creek as your token becomes valueless.

[Anonymous No.27761377]

>>27761065
You will need to prove as much as you can in a trustless environment because anon silver meme coin is not farmer Joe's wheat and there is no reason to expect a stranger on the internet will not rug pull or if the silver even existed.
But chainlink could provide this type of data along with deco which would obfuscate the location of the livestream but anyone would be able to logon a see the silver is there in a vault somewhere (many many problems here though).

[Anonymous No.27761416]

This has made me want to go all in since I lost my etherium stack to fucking gme. Is there any way to buy snx directly with link in my trezor wallet or to buy etherium and withdraw it quickly so I don't have to wait 8 days with coinbase.

[Anonymous No.27761504]

>>27761065
Could deliveries be tracked in a decentralized way? Exchange points sign that they have received and passed the package on, the chain of signatures is then verified by the network. If these delivery verification systems could be incorporated as a third party watchdogs that also create oracles on services that claim to provide physical goods.

[Anonymous No.27761647]

>>27760744
>>27761317
The trick here (as it usually is with crypto) is that everyone else will have to see the token as valuable. I guess I'm just still somewhat skeptical that buy-in will happen if you have as many tokens as there are tickers.

[Anonymous No.27761661]

>>27761504
>If these
I was going somewhere with this but my brain stopped working.

[Anonymous No.27761701]

>>27761317
Not quite. Theres AIUI settlement periods on the pool of longs/shorts. So in the case of a crashing stock, the longs lose their synths to the people who bought the short action. So yes, YOUR token would be worthless. Melvin would make bank. The profit level is decided by the ratio of long/short in the pool of synths - many long vs a few short means big wins for the shorts.

[Anonymous No.27761825]

>>27759452
Pajeet better be getting paid double for this fucking meme

[Anonymous No.27761839]

>>27761504
I still have to get fresh fiat into a project that was mentioned here today, so the only breadcrumb I will leave you with now is Bill of Lading.

[Anonymous No.27761896]

>>27760777
checked
trips of truth

[Anonymous No.27761993]

>>27761647
Well, if nothing else the tickers do provide a way to measure value, instead of saying this token is worth X currency, one could say this tokens value is based on the performance of Y company. Or hey, the relative price of physical silver?
Just like with a lot of crypto this is one of those "we solved a problem that didn't exist" type of things and investing into it relies heavily on the assumption that in the future some genius will figure out how to build something great with it.

[Anonymous No.27762000]

>>27761186
Cardano shill

[Anonymous No.27762074]

>>27750781
Can you put this in retard speak?

[Anonymous No.27762144]

listen duderinos
I can't keep throwing money at each and every ''investment opportunity'' you guys show me
LINK and SNX are promising, but what say you will make this soar more steadily than AVAX?

[Anonymous No.27762205]

>>27753684
newfag, i just pulled my 335 out of doge. tell me how to get this please.

[Anonymous No.27762241]

>>27752931
Brainlet here. Obviously Chainlink is a must to hold, but defi has so far been outperforming it massively (especially since the summer). Do you expect this to change or are we better off hedging with SNX and others?

[Anonymous No.27762333]

Alright OP, how much are YOU dumping into LINK?

[Anonymous No.27762341]

>>27762074
it is a legitimate project but influencers have been shilling this early since last year and now people with lot of bags of it want to dump on you. still, it is an exciting project.

[Anonymous No.27762547]

>>27754198
This effectively dilutes the number of shares and drives down stock prices. Are we sure it's actually a good thing?

[Anonymous No.27762636]

>>27759844
It's 4chan so nothing new kek

[Anonymous No.27762691]

>>27762547
>dilutes the number of shares
no it doesn't lol

[Anonymous No.27762721]

>>27757423
>trade crypto stocks on public ledger
>try to cash out
>go to jail for illegal securities trading

[Anonymous No.27762944]

Market cap already waaaay too high
I'd rather buy some SPARTA, which is basically the new SNX but with only 25m cap

[Anonymous No.27762955]

>>27762691
There are X number of shares.
Add crypto derivatives, now there are X+Y numbers of shares
Explain to me how that isn't diluting the shares.

[Anonymous No.27763141]

>>27762547
look up what a futures market is. it has no direct influence on the underlying market but it does have an indirect effect.
if you are familiar with bitmex:
xbt perps is to btc as synthetix tokenized tsla (no redemption) is to TSLA

[Anonymous No.27763235]

>>27758404
>tfw. you will never own real stocks that represent real portions of productive activities, Goy

[Anonymous No.27763370]

Thoughts on the DeFi ETF on FTX?????

[Anonymous No.27763373]

>>27751981
This is excellent. Up until now it has literally been impossible to find out the price of a stock in "real time". Thank god for DeFi

[Anonymous No.27763459]

>>27762955
Derivatives are not stock. They don't affect the market cap or the underlying price of the asset, unless they are used, like cefi, to manage the holdings that the derivative users also have.

[Anonymous No.27763497]

>>27762955
Derivatives are not shares?

[Anonymous No.27763501]

>>27762955
it doesn't affect the real price being traded in the actual stock market. 0 effect.
there's no redemption into the real share either.
>>27762955
in fact you could argue that the tokenized tsla is a pure play and will track tsla much more closely and will be free of manipulation.
say $1,000,000 daily volume on the tokenized sTSLA.
there's billions being moved on the stock market, who will manipulate the real market to liquidate a bunch of defi nerds trading sTSLA?

[Anonymous No.27763581]

>>27759446
right, i missed that part about eh as a collateral.
thanks.

[Anonymous No.27764503]

>>27761839
>breadcrumb
>that
lol. In reality you'd just have UPS or Fedex set up an oracle that feeds the blockchain with data as packages move through their logistics system culminating in sign on delivery to indicate successful delivery.

[Anonymous No.27764673]

>>27763459
>>27763497
>>27763501
Okay maybe I'm just a brainlet, but it seems to me if you want to buy a stock, right now you have the singular option of just.. buying the stock.
With these derivatives, you now have the additional options of using a the derivative. This would sap demand from the real stock if people chose to get exposure through the synthetic version.
Seems to me that this is a similar dynamic to paper claims on physical silver.

[Anonymous No.27765101]

>>27761993
It's difficult for me, since I work at a FAANG and the tech behind blockchain is pretty fascinating, but 999 times out of 1,000 it's a solution in search of a problem like you said, anon. ETH and LINK as platforms are very cool, for instance (and I've thought about doing open-source work involving both for a while now), but the value prop for most are too low.
I do like XMR though, for that reason. Proper privacy is something that has legs.

[Anonymous No.27765177]

>>27764673
Pretty much
https://www.wealthdaily.com/articles/what-s-10-times-bigger-than-the-global-economy-/88904

[Anonymous No.27766113]

Nice project built on ethereum and using chainlink, but I see no reason why SNX exists, there's no purpose at all.

[Anonymous No.27766323]

>>27750781
Bump for now.
I'm sleepy but this is thread is bookmarked and I'm DYOR now
Thanks bro

[Anonymous No.27766604]

>>27765101
>>27765101
>the tech behind blockchain is pretty fascinating, but 999 times out of 1,000 it's a solution in search of a problem
Problem: SWIFT
Solution: DeFi

[Anonymous No.27767224]

It already pumped like crazy, you want me to buy your bags

[Anonymous No.27767347]

>>27765177
Who do you know that has stock market exposure through the derivatives market? That whole mess is inaccessible to the average person, isn't it?

[Anonymous No.27767407]

>>27750781
1. Sweet
2. How does this affect GRT?

[Anonymous No.27767786]

>>27750781
>Layer 2s, such as Arbitrum and Optimism, allow for the launch of such feeds on a 100x scale.
use my centralized lauer 2 so you don't have to use ETH but you can still pretend to be using ETH

[Anonymous No.27768012]

>>27757605
jesus fuck you're stupid

[Anonymous No.27768247]

>>27757833
you literally CANNOT convert tsla stonks to these joke-tier fake tickers on this stupid platform. it is just pretend and it's a scam. that guy in OP's pic is an absolute idiot btw

[Anonymous No.27768751]

I'm too fucking retarded to understand this, just tell me what shitcoin I need to buy so I can hodl it already