/biz/ - Business & Finance

When your coin tanks in a bull run you know you made the wrong pick.

>>17038448
I will predict this thread

Got 500k im comfy af bro
Just bought another 100k feels good
Imagine not mortgaging your home and going all in
This will create generational wealth, anyone who says different forgets what its like to miss ETH at the bottom
He bought the top hes salty dont listen to him
Stay poor Ive been putting 90% of every paycheck into this on
This is a scam, i only buy (insert Satsgang scam shitcoin)
This FUD is bullish i just quadrupled my stack
Had a super profitable business, i dumped it for this
This is going to melt faces

>>17038448
Wow you're literally just lying and copying Hedera. Go be a bugman somewhere else

Thanks bought 100k

>>17040308
Im a bugman and i hold Fantom DAG, instant, scalable, with aBFT(asynchronous byzantine fault tolerance) security, dapps can be built upon it. The holy grail of Platforms.

>>17038448
>DAG
NO, dag like structure on top of a severely butchered fork of Ethereum Virtual Machine. Utterly pathetic.
>dapps can be built upon it
No, they ramble on that someday, sometime they will kick out their Ethereum Virtual Machine and create dag. Their first lies about 300K tps, dag with smart contracts were ditched as soon as the chink team got their money, so they exit scammed. Andy hired Russian dev temps so him and chink team can continue to dump on gullible and retarded Fantom "investors". Their over 100% "staking reward" is a pure pyramide and ponzy scheme thinly camouflaged as staking. Stakers will not get rich but is only designed to make andy and the rest of the scammers ability to dump on stupid "investors" for a prolonged period of time, crashing the price, and when stakers again enters the market with heavy losses, they will totally crash the price. This will go to zero.
>Andre Cronje the most sincere coder in crypto is central to its development. He is the main reiewer on Cryptobriefing.
Weird way of saying scammer Andy is the main reviewer on his scammer blog. Scammer Andy made his blog so he could ask for private codes to "review" them. If he didn't get their codes he would trash their project. At that time the "code-reviewer" already worked secretly with their competitors, Fantom. Scammy as hell.Unheard of in crypto space.

Tech is butchered and a total trainwreck. Fantom scammers always spam outlandish claims but always run away like rats if you ask them to document their claims. Reality is that their butchered Ethereum Virtual Machine is a total tech disaster, pic, with 18 tps using a few nodes and with 1 tps using more nodes. Useless garbage. Some of the worst in crypto. That's why the pajeet scammers are so fanatic and vile.

>>17040487
https://medium.com/fantomfoundation/fantom-lachesis-code-walkthrough-122d7b926225

what are your credentials?

>>17038448

18 tps

fuck off with your bags

CAW CAW CAW CAW CAW

>>17040719
Fantom was a scam from the start. The basis of the consensus algorithm is just DPoS.
1. a set of nodes is selected via DPoS
2. these nodes generate blocks as fast as they can
3. they settle on 'absolute time' using BFT (details appear very susceptible to node-level DOS but let's ignore that) and assume literally every DPoS node is honest). This is called 'atropos' and it also creates a dag of valid 'event blocks'.
4. then each node processes all !!!! event blocks from all nodes. When there's a conflict between contradictory transactions, a transaction that's earlier according to the absolute time is chosen..
An extremely peculiar quote from the whitepaper:
>As each node processes all transactions that are broadcast to the FANTOM network, it should provide excellent transaction processing speed.
what this means: throughput is fundamentally limited to the parallel capacity of any individual node. This is fundamentally less scalable design than sharding, which makes the consensus parallel itself (each node only verifies a subset of blocks).

This would be relatively easy to implement for utxo-based transfers, but for smart contracts it becomes a pita. EOS tried to make parallel processing work, but they decided the overhead from detecting conflicts makes it too costly, as too often the state access is sequential anyway (a simple thing like a contract that increases an internal counter each time it's called can't be parallelized!). That's why they settled on 'inter blockchain communication' which is really an inferior version of sharding and an admission that Vitalik was right.
Sharding wins because it makes parallelism explicit: smart contracts have to design for it. So instead of one global counter, there would be many parallel counters on each shard and periodic accumulation of them all.

A detail of their 'lachesis' consensus is that it's _extremely_ wasteful in terms of bandwidth

>>17040814
>A detail of their 'lachesis' consensus is that it's _extremely_ wasteful in terms of bandwidth
as at worst O(n^2) bandwidth used for O(n) of processing. That's because nodes just spam every block they generate, but at worst only one block from all generated at any second is going to be valid. So each node generates n blocks, there are n nodes, giving n^2 blocks, but only n blocks turn out to be valid at the end.
This is a really absurd design decision. If they forgot about their absurd 'DAG' design and just moved block generation to one node at once, but with parallel processing (same throughput) all that waste would be avoided.
This signals that they have no idea what they are doing, so the real TPS - for real transactions, not specifically designed parallel tests - is almost certainly going to be in the low hundreds, making it a yet another forgettable DPoS network

>>17040814
I see you are using an old standard FUD post, not saying there is no truth in it, but I have reason to be suspicious regarding FTM fud because a lot of nonsense is talked about it as well. I am not sure whether it is true though, that each node processes all event blocks from all nodes, I think it makes more sense that all nodes together process all event blocks from all nodes. This seems like carefully crafted FUD, I need proof, this is not proof. I need references to the White Paper, explicit details etc. not some pajeet copy paste fud post.

>>17040825
even if true, perhaps it's just limited to the Ethereum EVM

>>17040863
You need proof, you idiot? How about whole chink team knew that they could never deliver their outlandish claims in their pre-sale and ICO, 300 000 tps, dag with smart contracts. They even made a graphic about it, pic. As soon as they got the money, chink dev team exit scammed. Chink management exited from Fantom Foundation and made their own Korean legal entity, in a futile attempt to avoid the coming class action lawsuit from pre-sale/ICO whales. You will find NO Koreans from the original team in Fantom Foundation, including the founders, they are all new Korean legal entity. How do you explain that?

>>17040863
>>17040890
>even if true, perhaps it's just limited to the Ethereum EVM
Moron. That was from your white paper BEFORE the scammers ditched their scam and only badly forked Ethereum Virtual Machine so they had "something" to give you gullible idiots, instead of their promised 300K tps, dag, smartcontracts, - so they can continue to dump on you fools.

>>17040825
I don't understand the argument, and I think you neither, because you just copy and paste FUD from months ago. I think DAG structure is necessary for mainstream usage and wasteful bandwith is temporary and only applies when nodes get spammed maliciously?

>>17040902
lol, you sound mad, that doesn't add to your credibility, Poor Pajeet, try harder, never going to sell you ngmi hahahaha if you can't even scoop FTM at these prices you must be really poorfag

>>17040863
Fantom Foundation will not fake partnerships, as they fear U.S. SEC, etc. So instead they post their fabrications and scam on their Korean site, pic. Fantom Foundation web site directs to their Korean scam site with their outlandish claims.

>>17040917
>>17040927
Are you on drugs? "I think DAG structure is necessary for mainstream usage and wasteful bandwith is temporary". You have NO clue.

>>17040902
I think perhaps it sounded reasonable in theory, then they got confronted with limitations, Andre saved the day, but it's a work in progress.

>>17040913
I am glad that was from before the White Paper, doesn't apply anymore to the new team and current tech, so no need to bring up the FUD copy paste

>>17040863
>>17040944
This is the REAL nature of Fantom scammer's Oracle "partnership", a sales rep deal. Same with their university "partnership". Fantom paying some money to a university and falsely call their donation a "partnership". Scams and fabrications.

>>17040902
Forgot pic

>>17040944
how do you know it is current FTM team that makes those claims and not just the "fishy" Korean branch itself, which you just admitted has no more relevant role to play in the project?

>>17040987
300k was a theoretical number, like I said it is a work in progress with the future in mind.

>>17040952
>Andre saved the day, but it's a work in progress.
Sure, scammers and Russian temp devs will beat the world's largest and best crypto dev community, Ethereum. Right? That's what you idiots believe? Let's see what professionals in the business community say:
https://entethalliance.org/members/

Fantom only has fake partnerships with corrupt third world hell holes, including fraud where scammer andy is using corruption in his old third world South Africa bank to fake a "bank partnership".

>>17040967
>I am glad that was from before the White Paper, doesn't apply anymore to the new team and current tech, so no need to bring up the FUD copy paste
It means it was fraud and amateur coding from the start. That's not a great sign. Somehow incompetent scammer Andy did not pick that up in his "codereview"

>>17041014
I think FTM has better fundamentals for scalability and thus mainstream usage, but time will tell how it will unfold.

>>17041030
but you just said it was from the fishy Koreans, who cares what they said? They started an idea with inflated expectations, I grant you that, but now it's like the basic idea behind it was taken and implemented in a new way (bottom-up) and from now on scalability will keep improving.

>>17041014
do you have any evidence to back up your claims regarding the partnerships?

>>17038448
fantom a scam sirs! all bhanchod who are invest in this coin will losing his wealth! entire my viIIage destroyed because fantom team make coin dumping onto us

>>17040998
>how do you know it is current FTM team that makes those claims
In true scammer style and shell game fraud, you go to one site with one jurisdiction, linking to another site with a more corrupt/friendly jurisdiction, to avoid being thrown in jail. CEO, founders, chink dev and management teams are all gone from Fantom Foundation. What does that tell you?

>>17041072
so why do the Koreans still have a website at all? if they can't be prosecuted in their jurisdiction, why do they still have a website?

>>17041006
>300k was a theoretical number,
No, it's supposed to be a simulation of reality, margins are normally +/- 15%. Fantom scammers underperformed -99.999, that's a fraud.

30 tps >>17040487
versus 300 000 tps

>>17041106
so why do the Koreans still have a website at all?
So the shell game scam Fantom can post all their outlandish and false claims about Oracle partnership etc without immediately being arrested and thrown in jail. They are basically staying the hell away from American jurisdiction.

>>17041072
it tells me that there good be a number of reaons, which we don't know about, but it is true they raised a lot of money during the ICO, maybe they thought, time to delegate the implementation to another team, even if the project was conceived with inflated expectations and incompetence, the basic idea for a DAG based platform is being implemented and improving.

>>17041064
>do you have any evidence to back up your claims regarding the partnerships?
See pics.
>>17040944
>>17040978

>>17041132
>it tells me that there good be a number of reaons,
Google scam and shell game.

>>17041131
when you say Fantom you have to make a distinction between the "Fishy" Korean branch and the current team, the Korean branch is located in Korea I presume? so they can't be prosecuted either way, so why do they still have a website if they exit-scammed? You think South Korea is going to arrest them and put them on a plane to the US?

>>17041132
>the basic idea for a DAG based platform is being implemented and improving.
No, they are lying through their teeth to gain some more time, weeks, maybe months, so they can continue to dump on fanatic fantom fools. Here they lie about 24 000 tps, while falsely stating Visa has only 2K tps. Visa has 65 000 tps
https://usa.visa.com/dam/VCOM/download/corporate/media/visanet-technology/aboutvisafactsheet.pdf

When you see such crude and obvious lies about themselves and large serious business competitors like Visa, you know you are dealing with a crude and obvious scam.

>>17041137
I am not denying those, perhaps I should have been more specific, I was referring to the claim that Andre bribed the bank of SA for the XAR project, to me it seems a very legit project, you have any evidence to support that claim?

>>17041175
where did you find that image? was it from the old team or current team?

>>17041169
>when you say Fantom you have to make a distinction between the "Fishy" Korean branch and the current team
Go to medium and twitter and look at all their lies and fabrications about parnerships etc. Where do you find these claims? On Fantom Foundation's website? No, Korean branch. How can you explain that? It's an obvious scam. It can't get any clearer than this.

>so why do they still have a website if they exit-scammed?
They are still dumping, but they are waiting until they have reached preferred staking level, so the price is artificially pumped and they can freely dump like hell with virtually no competition, driving the price to the ground.

>>17041213
>where did you find that image? was it from the old team or current team?
Current team. XAR pdf. Total lie. Insane fabrications.

>>17041180
>you have any evidence to support that claim?
They made claims about partnerships and they have zero documentation. Only false statements. If I claim I have a medicine that will cure cancer, it is not you that must prove that I am a scammer, it is me that must document my claim. What kind of investor background do you have?

>>17041226
but why do the Koreans still have their "scam" website in the air? they have the money and they can''t be prosecuted by the SEC if they are living in Korea? I wish there was some transparancy from the team itself.

>>17041033
>I think FTM has better fundamentals for scalability
Are you serious? 18 tps and less than 1 tps with more nodes? See pic >>17040487

>>17041251
I gotta catch some sleep, thank you for your replies, I really got to dig deeper into this, it's not very credible when you get bombarded with copy paste FUD all the time, I agree though there seem to be some things that are suspicious to say the least, but to then totally dismiss the entire project seems to me a giant leap, I will have to do my own research, hope you will be back sometime so we can debate this issue and uncover the truth.

>>17041273
yeah like I just said, I need to dig deeper into it, Andre had some good articles regarding scalability and current constraints due to dependency on Ethereum tech, but improvements coming in 2020. Anyway thanks again for bringing it to my attention. I will be back.

>>17041260
>but why do the Koreans still have their "scam" website in the air?
So scammer Andy and Fantom Foundation fraudster can make all their outlandish claims and fabrications they want, and when asked for documentation, they can direct to Korean site, in an attempt to conduct their scam without getting busted by US SEC etc. South Korea is pretty corrupt, so most likely they have contacts within the South Korean legal system so they will go free with the right amount of bribes.

If Fantom seriously was the new ETH, they would be in SanFran. Like DAG.

>>17041287
>>17041299
You are very welcome. No problem. Good luck with your investments, whatever you do. Thank you for your time.

>>17041238

Seems many of y'all have failed the IQ test. There is still hope for redemption anons, just buy 10k and stake it. It's not a big deal if you lose $90.

No

fantom a scam sirs! all bhanchod who are invest in this coin will losing his wealth! entire my viIIage destroyed because fantom team make coin dumping onto us