/biz/ - Business & Finance

>>18700350
Bump, seriously?

It is anon. Just not quite yet. At some point it's going to launch. Be patient and keep an eye on it so you don't miss the boat.

10x is fud

>>18700350
Fucking lol
pic related - you making this post.

>>18700350
>the code itself is a heavily altered hard fork that solves the Layer 1 constraints.

Who told you this is so. I have not found any official communication regarding this. This is not the case. Their IAVL+ Tree is a fork of Cosmos' Tendermint and their consensus is inspired (not exactly the same) Algorand's consensus mechanism. So don't mislead and misinform.

Regarding the rest, yes it is going to be a moonshot. At peak of next bull run (if it ever happens) I guess Idena could touch 3 figures but, and this is a big BUT depending upon how good they are able to implement sharding, governance and accessibility tools (mobile etc.).

So overall this is a smart buy right now (1000-1500 Sat) considering all the things. And it's extremely innovative and disrupting as well.

>>18700857
Yikes, definitely had that wrong. Thanks for clearing it up, interesting that it's forked from Cosmos' Tendermint (although I've heard it's a great platform, was interested in another token that deployed it). But your thoughts pretty much mirror mine. I've been in it for 5 epochs but it's still amazing how little attention this is getting. /biz/ will be /biz/ I guess.

>>18700995
>I've been in it for 5 epochs but it's still amazing how little attention this is getting.
This isn't quite true, there's been tons of pajeet shilling of it as recently as last week.
I hold a bag myself, and I'm happily plugging along with my stacks, but this is definitely not a coin to shill with it being on a literal who exchange and a testnet still.

>>18700995
Great. Cosmos' Tendermint is an open source development platform and all those using it are basically enhancing and diversifying the Tendermint itself. Very neat and smooth code work there.

Nice shill thread, guys. Totally spontaneous and unplanned. Bravo!

It was at $0.16 three weeks ago, and now it's at $0.09. What happened? And where is the volume?

At least the anonymous devs are happy. They hold 70% of the supply. Maybe one day they will also figure out what the use case for the DNA token is, because right now there is absolutely none. It's worthless.

Everyone on /biz/ is already aware that this is a scam, so I don't know what you are trying to achieve with you daily shilling. Nobody is buying your bags, miners. Who would want to PAY for something that is (a) worthless, and (b) was acquired by you for free.

You know where the exit door is. Use it.

>>18700350
It’s cool but useless. Buy link and pnk.

>>18701513
Envious of your "GREAT' intellect and foresight. Just WOW. What a great minds Biz hosts nowadays----------------------------------------------

>>18700350
Why is the token needed?

>>18701683
Your "great mind" is trusting an anonymous team, who hold 70% of the token supply?

>>18701766
Because the big old Ethereum is slow, can't handle Idena's checkpoint verifications and can't host IPFS-enabled Flips. That's why....There are a lot of other reasons as well.

>>18701815
You are a special genius really...........And I am not sarcastic here-----

>>18701882
Why are you dodging questions? It almost seems that you have no answers that wouldn't make this project seem really shady.

It will take years for the anonymous team's token supply to equal 50% of the total supply. Until then, they will always hold the majority of tokens.

Let us also keep in mind that there are no current use cases for the DNA token, aside from mining it, and then dumping your bags on an exchange that has no liquidity.

What about the unlimited supply? There is no hard cap on the amount of DNA tokens. Unlimited supply makes the token lose it's value. Kind of like U.S. printing billions of dollars weekly.

Also, have you seen the Buy/Sell ratio on qTrade? There are 40 sellers for every buyer. This creates a huge downward pressure on the price of the token.

Do you think that /biz/ is stupid, or something?

>>18702132
Alright, true. Sure brilliant anon! You just saved us all. Thank you for pointing us towards how shady Idena is, and why and how to avoid it. Appreciate it!

>>18702132
the fud is making me nervous frens, i can see where he’s coming from. what if the unknown problem this is going to solve/usecase is 2 years away? 5? the tech is cool and fun but idk i can see the other perspective to

>>18702350
Look anon you are free to make your mind. If you don't have trust in it then sell it and be done away with it. It's just that simple.

>>18702350
The Onchain Advertisement is already being implemented (check the GitHub) (and yes, it IS targeted - check Idena Community Report https://medium.com/idena/idena-community-report-current-state-and-next-steps-dce97a0e3034).).
The way I see it, 3-6 more months for fixing bugs, implementing ads, and gaining more people, then promotion and listing on a decent exchange/s and then we'll see if it's worth it.
- Unlim Supply - supposed to be balanced by burning;
- 40 to 1 ratio? I wonder where that number came from, but yeah, there are no use cases currently and some miners are selling, but people are accumulating heavily ar 900 sats.
- Premine - It's broken up for different goals and distributed to public addresses (comm. report), so anyone can see what's in them.
DYOR, basically

>>18702350
sell those bags and buy LCX. thank me later

>>18702612
>The Onchain Advertisement is already being implemented (check the GitHub)
link for a coding brainlet pls fren

>>18702903
>coding brainlet

Check the the Idena GitHub bro. One of the infrastructure protocol being built with Tendermint along the likes of Cosmos (Atom) https://twitter.com/stakedotfish/status/1249673042105487361?s=19

>>18703176
cot damn, thanks for the juice anon

>>18702903
Here's the link to ads commits: https://github.com/idena-network/idena-desktop/commits/introduce-ads-module

the onchain ads are the most retarded use case of this, and i say this as a top 100 wallet
smart contracts utilizing a decentralized identity are going to shake the foundations of the global financial system. I'm not saying that Idena is it necessarily, but it is certainly miles ahead of anyone, and they're building interoperability with the Ethereum chain, as is clear from the code and their recent AMA.
Make your own decisions, but this enough is for me to go balls deep. I'm deep in Kleros for a similar reason, as I'm sure many others are.

>>18703626
jesus fuck, thank you anon.
i-is this as big as...

>>18702132
Anon was good today.

>>18703769
what's your contact
t. top 30

>>18703852
not telling, although I'd love to have a /biz/ hangout room with idena identities. can't wait for these fucks to implement smart contracts

>>18703876
we can already dumb fuck, 4chan isn't the only "anon" channel.

out.

>>18703777
We'll see. For now, I'm strapped to the tits

>>18703939
what's the make it stack?
whale stack?

>>18703974
10k suicide, 20k /makeit/, 100k whale. I bought a stack and I’ve added 2k on to that in 2 months.

>>18703876
yes anon. what is a whale stack? makeit stack?

>>18704186
from mining*. Just get an invite and mine, rewards are still half decent but they’ve declined as the network has grown. get a vps too to host the client, it consumes a decent amount of wifi but with standard internet you won’t notice (20/20 Mb up/down). Still better to use a vps

Idena Human Oracles are coming Frens...........

>>18704352
I can literally smell the fucking curry from you dot dot dot dot dot dot dot

>>18704372
Hmm... Good one fag. You are just fucking brilliant....

Still, Human Oracles are coming to Idena very soon. Just watching Sergey Nazarov and voila things became clearer. That's why human oracles...

>>18701513
why would a miner want to sell their DNA when it's worth like a dollar a day right now lol

>>18702350
>2 years
is everyone in crypto this impatient or just biz?

>>18704969
I'm convinced anyone selling right now is either broke, a third worlder or a brainlet. Especially people who unlocked their stake after 3 epochs and have been in this long enough to know what this is.

>>18704969
There could be many reasons:
1. Needs cash for buying stuff in global lock down where unemployment is highest since 1929 and workplaces are closed.
2. Has enough for buying but lacks foresight for future.
3. Does not value his time and efforts put in Idena (making flips, validations, voting) so just thinks they are "FREE" so let's dump.
4. Does not understand the basics and underlying technology and impact of use-cases so says let's fucking dump and get the quick buck.
5. Dumps without using any fucking mind. Just dumps it for no reason.
6. Dumps it to buy lower which he can never be sure of. Then maybe regrets later and fomo buys in.
7. Dumps for fun.
Enough reasons for today?

>>18704540
what is Human Oracles

>>18705258
Just think Idena Humans serving as oracle nodes fetching outside and real world data (APIs, Apps etc) and feeding it to the smart contracts. Huge decentralized network of conscious humans serve a oracles to guarantee that there is no single point of failure in the integrity of the data being fed to the critical smart contracts. Imagine like Human nodes replacing chain-link-like nodes which are serving as oracles. Huge use-case and it would be implemented...Pretty Positive on this.

>>18700777
Checked

>>18705127
2, 3, 4, 5, and 7 are all basically the same thing. 1 is true, but still it's only a dollar and change per day, which you have to sell for bitcoin first. 6 is a risk that a stupid person would take and thus could probably be rolled into the other 5 different representations of poor judgment.

>>18705092
pretty much what I'm getting at, I doubt most miners are broke enough to need to liquidate 1.30USD worth of DNA/BTC.

>>18705527
Just checked all the soft points. Perspectives Senpai

Human oracles is a very interesting use case for this. Every data input or output could be a reward sent to the identity

>>18706458 Yes.
>Oracles
"For most use cases, smart contracts and DAOs need to be fed with factual information from the outside world. This requires oracles to supply offchain data to the blockchain. In Idena, there will be mechanisms that enable every validated Idena user to have an equal chance of being selected as an oracle. Randomly chosen participants will receive information requests published by smart contracts. The selected oracles will provide the data and stake coins to guarantee its accuracy. When the consensus on the information is reached, oracles will be rewarded or penalized depending on the quality of the information they provided."

>>18701230
>I hold a bug myself
>testnet still
OH NONONO

>>18705127
There was a guy on the discord who just bought a new friggin 4K monitor with his accumulated DNA, not giving a shit about future profits.

People are like that.

>>18701513

They sold 70% of the supply like Sergey is doing with Link.

Top 10 coin then.

We did it boys!

>>18700350
Invite of gtfo

>>18702189
HOW ABOUT ANSWERING THE QUESTION YOU FUCKING SHILL

HOLY FUCK I'M GLAD I SOLD MY MINED BAGS ALREADY, I WOULDN'T TOUCH THIS SHITCOIN WITH MONEY TILL OCTOBER, FFS I AM LITERALLY SELLING YOU WHAT I MINED ON MY PC AND THROUGH SOLVING FLIPS

>>18705127
MAYBE BECAUSE WE ARE UP 300% YOU FUCKING MONGOLODI SHILL

>>18707593
gee i wonder why

Nobody buys into scam coins like these anymore. Too many got burned and learned their lesson the previous bullrun. This time it will be the established brand name coins that will moon.

>>18700350
Needs to be listed somewhere like Kucoin etc in order to move.

>>18708104
>>18707995
zero volume, if this shit drops to 1150 i'll swing, fuck this tranny community, business is business

>>18708104
They are going to list in a Tier 1.