/biz/ - Business & Finance

>>23638973
I fell for the fud and ended up fomoing in earlier And I’m up about 25% right now. Anybody who doesn’t look into this is doing themselves a disservice.

I have no idea what I'm doing but these fucks now have 10 of my hard earned eth

>>23639012
I’ve been warning you since early September. This has barely been launched for 2 days and and has nearly 30k eth in liq lol.

>>23639012
No you're not, faggot.
If you timed the 1.27 dip perfectly you're almost there but I bet you didn't. Tell us how much you've lost from buying the 1.83 top.

I'm hanging out on the discord and it sure sounds like a ponzi scheme to me

>>23639047
I bought like 23 hours ago at $1.10 pajeet.

>>23639098
it’s literally not
supply is capped and the ecosystem will be sustained by usage

>>23639098
DYOR for once. Those not in will kill themselves soon. Liquidity is nearly 3x the market cap....

More like next worthless bag

>>23639160
Do some research lol. Biz is so fucking stupid hahahahaha

>>23639037
>>23639154
>>23639178
>ellipsis
>lol
>hahaha
red flags. staying away from this one

>>23639233
brown id speaks for itself

>>23638973
anon get it. surf & jusdefi

Fudder has brown id, the irony

I'm all in.

>>23639233
Please keep up the rakesh-tiered fudding. Thanks.

>>23639132
Usage by whom?

>>23639582
me

>>23639582
defi

CVP is next one. watch lads

>>23640323
glad i dumped cvp early

rug incoming

lol surf bagholders will continue to move goalposts for 'next moon' for the next week and be dead by next saturday

What is the event?

>price increasing with 5000% apy on farming
Yea im thinking we will make it.

>>23641162
Code is audited and open sources. Cope harder

>>23641211
Thanks for proving that you don’t have a clue how surf works. I suggest you DYOR for once.
>he thinks it’s a farming clone
Topkek

>>23641436
It will make everything in crypto look like shit. Don’t believe me? You’ll see.

>>23641555
>It will make everything in crypto look like shit. Don’t believe me? You’ll see.
proof of proof or you don't know neither

how can such a miracle like this even exist?

>>23641580
What if I told you I was TideRider and that that anon above is 100% right?
Trips of truth
Wait for [redacted]

>>23641580
Probably a short-lived ponzi-ecosystem like powh3d / fomo3d / etc...

>>23641692
>probably
DYOR. Or watch the moon from the sidelines and kick yourself every day for not being in.

>>23641727
>DYOR
>muh whirpool sekret project
just smoke and mirror for the time being
>inb4, just trust me brah

>>23641691
>TideRider

Literally who?

>>23641796
Literally no product outside of a whitepaper stating "soon we will do something which will be so amazing it will magically attract trillions of users when literally every other crypto project ever fails at doing so". Myself? I went into GRO for a sustainable >25% APY. Stablecoins only for now, but in the near future also Link and more. It's still in beta though. So manage your risk appetite.

>>23641904
Looks like you haven’t lurk enough. Nobody wants that gook coin.

>>23641899
Ngmi

>>23641691
i've been following this since prelaunch and putting more and more money by the hour. if this ends up in some kind of rug i won't even get mad. my only message to you and proof will be: well played

in my opinion if this is a rug it's going to be one of the most intricate rugs in history and it will be worth it to put money in just for the experience

>>23641899
the next blue kirby. Expect a cringefest

>>23641920
Because it actually has non-anon devs and already provenly sustainable APY?

>>23641934
It’s impossible for us to do that. Wait for [redacted]. Keep compounding. I’m all in.

>>23641952
Whatever helps you sleep better at night.

>>23641977
Nobody wants this garbage so fuck off to your own thread. Surf has a capped supply and a whirlpool with 2000 eth in it ready to pay stakers. Your shitcoin is no good. Fuck you are dumb.

>>23642001
Where did it get the ETH? From the "beach" farm? Wow such novel ponzi farm mechanics.

W/e, I'll leave you to your next-level totally-not-just-another-farm-ponzi shitcoin.

>>23641796
I’ve been here since September 1st telling you about this. Everything we’ve said, we have followed through on and more. Maybe I’ll see you at the summit next year and you can formally apologize to me for ever doubting. In all honesty, get in before it’s too late. That’s the best advice I can give you. The Event will change this place and whoever isn’t in it will forever regret.

>>23642023
>>23642039
Thanks for proving your ignorance and failed attempt to understand the project or comprehend the whitepaper and the ramifications of all this. Ggwp smart guy.

>>23642001
from the white paper
>the Whirlpool will activate, andall of its accrued SURF will start getting paid out to those staking theirSURF-ETH Uniswap LP tokens.
stop lying
>>23642052
I know about surf since september and I was in the discor. I just don't trust this will sustainable
>>23641904
I'll check it out

>>23642082
He's not wrong, anon. It's just logic. This value is coming from people "buying in" to this project. Eventually the money will stop, people will start cashing out their tokens, the value of the token will begin to drop, and it'll just be a mad dash for everyone to cut their losses and get the heck out. You better believe the first ones out the door will be the development team.

This really is just another ponzi, because it's current investors getting rich from new people investing in it. There is no actual product, just a big pool of money that is being creatively amassed and then promises to be distributed, and the fallacious lone of reasoning of people who see "wow, so I'm making $50 a day!" and start fantasizing about early retirement because they think it is sustainable.

>>23642124
Youve also failed to comprehend the project. Thanks again for proving my point. That’s not how it works lol. Do some research.

>>23642124
lol this isn't fucking orb hahaha

>>23642123
>>23642124
If you only knew. I’m screencapping this thanks guys.

>>23642230
same. I'll see you in the surf justed collage

the fomo is real we are all going to make it

>>23642273
>doesn’t understand the code and how everything works
NGMI

>>23639154
On the face of it that sounds really bullish. Obviously the reality is that farming like this is completely unsustainable just as it was with every other defi scam.
I am in this for a quick trade. But don't be under any illusions this will hold value long term because there's absolutely no chance it will.

>>23642461
WRONG. DYOR.

>>23642461
Do you even know that the supply maxes at 10m. How can you be holding this coin and still be retarded enough that you don’t even know what’s going on with it. Big yikes.

>>23642461
Pretty much. I've been reading it and there isn't a single reason someone would buy a SURF token after the beaches are done. This is a slick interface with nice branding that will reward people who have been in it for the past month and are in it for the next 10 days or so (which is how long it will be before all the SURFs are minted). Then it will just be paying people with more SURF as their reward for holding SURF. But up till that point the value of the token is totally reliant on speculation.

So this is actually more akin to what >>23641934 described. In fact I wouldn't be surprised if the devs themselves even believed in this project, that they had found some clever way of using ETH to create value out of thin air.

>>23642625
I know all of that. What I don't know is what the purpose of holding surf will be after whirlpool. If you know, then share. Otherwise stfu

>>23642714
I think the answer is "Just trust us dude it's gonna be great we are all gonna be rich"

>>23642714
The whirlpool will never stop... total value is almost 1 million already. Do the math anon.

>>23642733
>will never stop
>value is finite
>do the math
I don't even need a calculator for this one

>>23638973
If it's not on Kraken I'm not buying

>>23642747
No it's not finite. It will continue growing and then when the whirlpool starts the over 3 million in TVL will have to pay a fee to enter it, and a fee to exit as well.

>>23642625
>>23642576
you two paid shills are fucking delusional
surf brings no novel qualities and you don't give reasons why would this moon othen than
>D-DYOR
>y-you don't u-understand
>muh scarcity
>tubular
>do the math

>tfw no surf gf to surf with

>>23642767
>It will continue growing and then when the whirlpool starts the over 3 million in TVL will have to pay a fee to enter it, and a fee to exit as well.
The fatal assumption you are making is that the SURF token will continue to hold value at that point and not be in freefall due to people rushing to take their gains.

>>23642768
>5 posts itt
you really want to buy more, dont you?

>>23642782
The easy solution is just ROI and take profit and let the rest ride... there is literally no risk then at that point.

>>23642733
Whirlpool pays for 100 days. Exiting will cause a fee that gets distributed to whirlpool stakers.
After 100 days though I can't imagine that whirlpool will be paying out all that much.

>>23642797
>and let the rest ride
why would anyone do that instead of taking their money when the token's value starts vanishing?

>>23642786
Great rebuttal

>>23642833
when devs are asleep boogies come to surf thread like infestation not realizing the devs spent all the fees from secondary beaches to accumulate surf themselves and are farming with everyone else. holy shit they must be so dumb to do this, the project is dead amarite guys or maybe they know something you dont? probably not, you are smartest in here.

>>23642934
The fact that the devs believe in the project doesn't mean it is viable.

>>23642989
I don’t think you understand how the whirlpool works, this isn’t a perpetual motion machine anon

>>23642989
they know what The Event is and are all in. you don't and you are not. yeah I will trust the ones with knowledge

>>23643041
You should be more skeptical of people who stand to benefit from your trust. Especially when they claim to have secret information.

>>23643328
im more skeptical of /biz/jeet with brown id

>>23643357
Stay poor faggot

>>23643469
hey thats my line!

>>23643575
will the surf ecosystem offer a decentralized trustless matchmaking service for all us ronery surfers

>>23643041
>The Event
I'm gonna go ahead and predict this will just be revealing another convoluted staking & rewards mechanism.

>>23642767
i don't know how to do this math. can you explain how to do it? the only thing i gather from the whitepaper is that the way the fees feed the whirlpool are probably going to make this project last a bit longer than the usual farming project but the whitepaper doesn't imply it will necessarily last forever

any devs can answer this? >>23642805

>>23642934
>the devs spent all the fees from secondary beaches to accumulate surf themselves and are farming with everyone else

whales could be doing the same with the intention of dumping after the phase 1 ends. they can't dump for free and the project benefits from this but they still can dump and make money.

It's legitimately impressive how well it's holding up compared to the other finance coins that keep popping up lately

let's goooooooooooooooo

>>23643897
>I'm gonna go ahead and predict this will just be revealing another convoluted staking & rewards mechanism.
it's a single contract that doesn't require any new investment from eth-surf lp stakers

What are the chances of we getting rugged on this?

>>23645583
~8%