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

/biz/ - Business & Finance

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>> No.28552203

XMR on etherium

This is the next the graph and biz sleeps on it

>> No.28552319

>>28552203
>etherium
holy shit just removed all my torn from the 1inch LP and sold all my eth and burned my vtorn and unmixed any eth previously mixed, thanks.

>> No.28552441

>>28552203
>etherium

>> No.28552497

Do we know anything about the developers?

>> No.28552496

>>28552203
Etherium

Thanks just dumped everything.

>> No.28552656

>>28552497
yeah they're not anon afaik. 2 of them hang out in discord regularly.
heres one of them https://mobile.twitter.com/semenov_roman_/status/1359979233158852616

>>28552203
>etherium

>> No.28552725

Check out PLT too if you are buying privacy shit. They have their own protocol and also the ability to use TORN. Under 5m market cap. Don’t sell your TORN yet though.

https://medium.com/addxyz/plutusdefi-announces-new-native-eth-mixer-plutusdefi-bl3nd3r-1153d9b3b59e

>> No.28552735

When is it going to stop fucking around and return to ATH

>> No.28552891

>>28552735
I think it's the airdrop receivers selling off. Then it will start climbing again.

>> No.28552920

>>28552089
Interesting... so by funding liquidity pools I'd be helping to defend the dark market from gay government baby sitters so my bros can eat all the mushrooms they want?

>> No.28553000

Yeah I just bought 30 TORN this project is undervalued and under the radar. Tornado cash is brilliant to use btw

>> No.28553043

>>28552735
>PLT
5 days tops

look at the the wallets selling on dextools, its literally just people finding out they got an airdrop and market selling their stack, even this has slowed down massively in the past few days.
Also sell pressure today/yesterday from 25k tokens unlocking from governance after they voted on proposal #1 to make TORN transferable, the governance wallet is already down to 11k torn now

https://etherscan.io/token/0x77777feddddffc19ff86db637967013e6c6a116c?a=0x5efda50f22d34f262c29268506c5fa42cb56a1ce

Also a bunch of those wallets withdrawing from governance are whales that aren't selling at all.
If you know you know.

>> No.28553119

>>28553043
meme arrowed the wrong post
was responding to >>28552735

>> No.28553247

>>28553043
I got over 1700 airdropped, sold 600 so far, will keep 800 for the long term. Best airdrop of my life ngl

>> No.28553316

>>28553043
Yeah I know that whales like to buy around 250. Just a bit ass blasted that I was close to selling the top but didn't because I'm hesitant to swing or scale so early with gas fees even If I'm handling 5 figures.

>> No.28553457

>>28553043
How did you get the airdrop?
Can I buy on uniswap?

>> No.28553490

>>28553247
how did you get the airdrop?

>> No.28553641

>>28553490
I used torn since the beginning, way before the anon set ceremony, with ~300 eth

>> No.28553710

>>28553457
sushiswap uniswap 1inch...just search for tornado.cash on coingecko

>> No.28553713

>>28553457
I didn't get the airdrop, but I bought a fuckload within the first few hours of trading 5 days ago on uniswap

>> No.28554205

>>28553247
thats massive anon. 800 TORN will be 7 figures worth of $ pretty soon

>> No.28554307

Im gonna check in on this, OP is based

>> No.28554437

>>28554205
When do you think the next dip will be? I have my magic meme lines and volume profiles set at 600, 1000, and 1500.

>> No.28554633

>>28554205
Stahp i only can get so errect

>> No.28555465

>>28554437
yesterday, unironically. A few people moved their torn out of governance and we dipped to $200

>> No.28555780
File: 422 KB, 945x1220, Et9Tnm1UYAQpcRy.png [View same] [iqdb] [saucenao] [google]
28555780

torn will generate the next millionaires

I got heavy bags and not gonna sell under 5k$

>> No.28556428

>>28553247
wtf, how much eth did you mix? how many times?

>> No.28557213

TORN is the most obvious play, this is going to 2.5bn in the next weeks.

>> No.28557568

>>28557213
already testing $300 again

imagine the pink wojaks when the catalog has 20 TORN threads on it in a couple weeks and its trading above $1k. Some people just don't know how to spot trends early no matter how many times they miss out in the past

>> No.28557960

>>28555780
is Tornado Cash the de facto privacy solution on eth? I'm not aware of any others.

>> No.28558120

>>28557568

https://explore.duneanalytics.com/public/dashboards/UEU02CHiGtNw9crfeD6OJ7bKPnvFtNjOgZ7Vc6uj

This thing is moving billions in private transactions, this protocol at less than 1bn is just a an absolute bargain.

>> No.28558349

>>28557960

yes, there are others, but torn is the oldest and biggest

>> No.28558497

>>28557960
>is Tornado Cash the de facto privacy solution on eth? I'm not aware of any others.
Yes, has been for a few years. There aren't any others.
The thing about tumblers is that you need a lot of people to use them in order for them to work. There have been forks of Tornado in the past that just completely failed because no one ever used them.
It has first move advantage by several years, literally the privacy standard for Ethereum.

>> No.28558603

tornado cash is wildly undervalued rn, with a tvl of $550 mil

>> No.28558799

>>28552089
Why does Tornado need a token?

>> No.28558804

>>28558497

yeah, for real anyone who has been here for at least 1 year knows that this thing is going to tenfold in a couple of days. 75M marketcap is just a joke.

>> No.28558810

>>28558603
like aave this will break out, we are still in accumulation and havent event added fee payouts to holders yet
300k torn circulating supply at $500m mcap = around $1600 per torn

>> No.28558916

>>28558799
for the dao, check torn forum they are working on proposals to payout platform fees to holder like sushi did
easy 6x this month

>> No.28559079

>>28558497
>>28558349
is the token new? I've been in eth for years and only just saw people using tornado cash within the last few months

>> No.28559418

alpha leak, and early BTC core dev just bought $1M worth of TORN

here a tweet he literally made minutes ago:
https://twitter.com/jgarzik/status/1360382800738848768

heres his wallet with the 3.5k TORN incoming transaction
https://etherscan.io/address/0xeab23c1e3776fad145e2e3dc56bcf739f6e0a393#tokentxns

Be sure to add this to future TORN generals

>>28559079
the token just became tradeable 5 days ago, so yes its not even a week old.

>> No.28559429

>>28558799

Tornado Cash is the only privacy protocol on ethereum, period. It can be forked and for the sake of everyone privacy is better to have all the TVL in one place.

The protocol has 7 audits and has been bulletproof for around 1.5 years or maybe more moving billions in transactions.

The only use case at this moment for the token is governance.

Now imagine once TORN holders vote to pay the fees the protocol has collected to TORN holders by staking... or adding TORN pools to move the tokens anonymously and enabling privacy mining with TORN tokens.

If you value private native transactions at 0.375% of the total Ethereum Network marketcap you shouldn't invest in this but I think smart money knows that this is going to be bigger.

>> No.28559509

>>28559418
Forgot to mention, that wallet I posted ALSO has over
$18 MILLION DOLLARS of WBTC in it
as well as $13.5MILLION worth of Ethereum

>> No.28559870

just bought 50

>> No.28560023

>>28558916
yep, the community forum is pretty active
https://torn.community/

>> No.28560625

1/38 of the maximum supply in circulation

>> No.28560704

>>28559429
exactly, right now the fees just sit in the dao, so when they add fee payouts to holders this will pop off

>> No.28560775

>>28560625
read the tokenomics, 55% is in the dao and the rest is vested over 4 years, thats an entire business cycle in the crypto market

>> No.28560806
File: 39 KB, 713x384, torndist.png [View same] [iqdb] [saucenao] [google]
28560806

>>28560625
55% of those tokens belong to the community DAO - so they don't enter circulation until TORN holders vote to decide what to do with it after theyre unlocked (they could 100% be burned, for example)
30% for the team won't finish vesting until 2024, and wont start vesting for another whole year.

>> No.28560992

>>28560625

this idiot thinks is the smart money without knowing anything about the tokenomics lol

>> No.28561343

>>28560992
he probably just glanced at the circulating supply on coingecko without knowing the distribution.
Either way, we're above $300 now. Train's leaving the fucking station

>> No.28562129
File: 414 KB, 1110x948, 79E4118C-F93E-4742-8FC2-FD4D1164CF18.png [View same] [iqdb] [saucenao] [google]
28562129

>>28560625
>>28561343
>1/38

>> No.28562188

>>28552089
This is genuienly tempting, although the high price will already put a lot of /biz/ off.
Is there a reason I should buy now when it was at $230 a couple of hours ago?

>> No.28562197

>>28561343
Next milestone before retrace what you think? I will have my swing to buy more torn

>> No.28562471

>>28562188
>market cap
you can always stake for LP yields, if price goes down you get more TORN and the yield

>>28562197
probably increase usage limits, payouts for fees received in the dao, and getting added to binance

>> No.28562527

>>28562188
>Is there a reason I should buy now when it was at $230 a couple of hours ago
>its been trading for 5 days
>vitalik shills it
>btc core dev shills it
>btc core dev bought $1M torn less than an hour ago
>you wont be able to buy below $500 once airdroppers are done selling
>its the #1 privacy protocol for the #1 smart contracts platform

>> No.28562554

>>28552089
the token is completely worthless, contracts are immutable and it's not possible to extract any fees.

>> No.28562699

What are the price predictions? I need dopamine quickly.

>> No.28562890

>>28559429
Except aztec (fully anonymous transfers, encrypted balances, 5k gas per transfer) should be launching this month.

This is an exit pump of a worthless token of a good but obsolete dapp that can't ever extract any revenue

>> No.28562895

>>28562554
oh so you didnt read the code and dont understand how a contract function works in general? ngmi

>> No.28562988
File: 2.48 MB, 480x270, 1613011760186.gif [View same] [iqdb] [saucenao] [google]
28562988

WTFWT tornado bros

>> No.28562991

>>28562895
Contracts are immutable what the fuck are you on about.
It's not possible to modify the existing tornado pools.
At best they could add a proxy through the site, but people would just ignore it and use the current interface on ipfs

>> No.28563030

>>28562890
its a dao governance token, the fees are collected in the dao, you can send them as specified in the code, its apart of the contract
same system as sushi and 1inch and they boomed
ngmi

>> No.28563112

>>28562991
the dao controls the proxy contract that manages the whole thing, you are ngmi

>> No.28563283

>>28563030
There are no fees. It's not possible to add fees to existing contracts.
https://etherscan.io/address/0xA160cdAB225685dA1d56aa342Ad8841c3b53f291#code
>>28563112
The proxy contract is irrelevant. The moment it adds fees people are going to switch to the interface without it. In fact using the proxy contract is more expensive in gas, it only has some use because of broken torn mining (tried claiming any recent deposits and withdrawals? you can't, guess why).

>> No.28563584
File: 1.72 MB, 540x304, torn.gif [View same] [iqdb] [saucenao] [google]
28563584

>>28562988
MY CUNNY IS SO TORN AHHHHHHHHH

>> No.28563887

>>28562471
I got 30 TORN anon, what can i do with this, can I stake it? I don't have enough of Eth to put it in a Lp...

>> No.28563963

>>28563283
it already has fees in AP which you swap for TORN which is in the dao, congrats you played yourself

>> No.28564288

>>28563963
Fees in ap, so part of mined torn goes to torn dao? That's a ponzi not an economic model and it's unrelated to tvl.

>> No.28564743

>>28564288
so you didnt read the website and docs?
55% of the torn supply is in the dao to be paid out to miners who receive AP and must swap it, it costs fees to use the platform as well

>> No.28564997
File: 22 KB, 256x256, 1589045431334.jpg [View same] [iqdb] [saucenao] [google]
28564997

Ok where is the next airdrop

>> No.28565025

>>28564743
The fact is that there's no way to force people to pay fees from depositing and withdrawing eth. Deposit 100 eth, withdraw 100 eth.
Fees from torn mining are a completely separate system

>> No.28565290

>>28565025
kek try out the platform then

>> No.28565373

>>28564997
already happened, we are in accumulation now

>> No.28566046

is 100 TORN enough to make it bros?

>> No.28566167

Bought a small stack yesterday and today and wallah, based 32% gains.

>> No.28566179
File: 469 KB, 843x803, comfytorn.png [View same] [iqdb] [saucenao] [google]
28566179

>>28566046
wagmi

>> No.28566229

>>28566046

If 500k is enough for you to make it, then yes. But better bump it up to 1000 so you can live worry free forever.

>> No.28566340

>>28566179
comfy fren

>> No.28566525

THAT'S IT IMMA GONNA SWING TORN NEXT TIME IT DOES a x2 OR DEPENDING ON THE TECHNICALS AND SWING IT FOR MORE TORN AHHHHHHHHHHHHH

>> No.28567204

>>28566046
how does $500k sound?

>> No.28567679

>>28566229
>>28567204
im going to move to thailand so i think 500k should be enough. can't wait cum inside as many tight asian pussies as possible