/pnk/ - comfy crash edition

[Anonymous No.24659534]

We're holding up against ETH. Where's the bottom for ETH so I know when to buy more PNK? $500? $400? Even back to $250 stablecoin?

Threadly reminder that PNK below 10c is a bargain.
>Kleros has now paid out over $160,000 in ETH to jurors, over 500 cases, from 33m PNK staked in courts
>thats a dividend of slightly under half a cent per PNK
>average P/E of a NASDAQ stock is 21.22
>.0045 (dividend) x21.22 (p/e) = 9.5c is the "fair" price
>Kleros is currently slightly undervalued in traditional markets, and extremely undervalued compared to other crypto.
>Future integrations and increasing numbers of cases have not been priced in
>AAVE and DAI/MAKER integrations have not been priced in
>Coinbase listing has not been priced in (it will happen)
>assuming everything in crypto gets a conservative 10x hype valuation (nothing except BTC and ETH are really worth their valuations and all alts have *at least* a 20x hype factor), then the CURRENT crypto "hype" valuation of PNK is 95c.
>if PNK is integrated into more crypto products, and 100 cases go to court per day, that's $9m of ETH handed out per year
>that's a dividend of 27c per year, so the "fair" value of PNK would be $5.80 and a crypto hype valuation of $58.00
>if real world adoption takes place there is no upward limit

[Anonymous No.24659770]

When it starts to be used as a subjective oracle, the moon mission will truly begin. $10 EOY 2022

[Anonymous No.24659891]

>>24659534
Easily the best project in crypto atm. I've never had a more comfy hold. The only uncertainty for me is whether I should sell somewhere above $10 or hold forever and make it through judging court cases.

[Anonymous No.24660051]

>>24659891
I have a similar dilemma. I want to sell 50k PNK at $1 so I can NEET during the bull run.

[Anonymous No.24660062]

Hello pnk pals. Will I lose money if I provide pnk liquidity on uniswap?

[Anonymous No.24660146]

>>24659891
pnk is unlike pretty much any other crypto as one can actively add value by voting in cases. This will give stakers of pnk a much higher yield than other cryptos (eg link). In the near future, one will be able to make a full time salary off of a reasonably modest amount of pnk (10-100k).

[Anonymous No.24660575]

>>24660062
Money.. well you might make UNI. But you will likely lose PNK.. I would just hodl.

But this coin is long term, so if you can use your assets to help accumulate more, then go for it.

[Anonymous No.24660657]

>the head of AAVE integrations is trolling in the Kleros telegram
This guy seems like such a prick. Regardless, getting the V2 aave tokens on the TCR probably means the AAVE integration is in the pipeline.

[Anonymous No.24660728]

>>24660657
He was just joking, probs just fudding to get a lower buy in

[Anonymous No.24660884]

>>24660575
I was under the impression I would gain pnk passively from providing liquidity, not uni. I might just hold then. Ty

[Anonymous No.24661009]

>has barely moved 3% among this dump
How many more signals do people need until they what is truly the chosen people’s coin?

[Anonymous No.24661039]

>>24660884
You're better off just buying every dip and holding desu. Impermanent loss will ruin you if PNK suddenly shoots up on a listing/integration and suddenly you're left with less valuable ETH. And unless you're a whale, the uni rewards probably won't cover it.

[Anonymous No.24661130]

>>24661039
I almost did that. At one point (March) I could put in a good 10% of the entire pool and thought it would be a good idea to get fees as I thought the volume would shoot up. I didn’t and the volume shot up, so I was moping about this for months. Only recently I realized that the ETH value I put in would’ve shrunk and I would have lost an insane amount of money to in August
Fuck fees, it ain’t worth it yet. Once this stabilizes and goes only 2-3x up and down, fine, but we have 10-40xs ahead of us with this

[Anonymous No.24661152]

>>24661009
PNK really is the coin to hold for the next bull run.

[Anonymous No.24661494]

>>24661039
>>24661130
Thank you very much for the info here. I'll just hold and do the needful

[Anonymous No.24661577]

>>24660062
PNK will gain against ETH and your LP tokens would therefore end up comprising more ETH than PNK when you cashed them out. Just hodl my dear pnkfren.

[Anonymous No.24661944]

>>24661577
Hodling it is. And I will also do the needful next week. Tyty

[Anonymous No.24662056]

>>24659534
>>Kleros has now paid out over $160,000 in ETH to jurors, over 500 cases, from 33m PNK staked in courts
>>thats a dividend of slightly under half a cent per PNK
>>average P/E of a NASDAQ stock is 21.22
>>.0045 (dividend) x21.22 (p/e) = 9.5c is the "fair" price
Doesn't make sense, you must include every PNK included the non stacked ones into your calculation.
Still a good investment, but no need to get ahead of ourselves

[Anonymous No.24662268]

>>24659891
not guilty!

[Anonymous No.24662298]

>>24661152
8) sire..

[Anonymous No.24662513]

Anyone checked out Linguo yet? I've got experience translating jap to eng and I want to check it out but from what I understand about how they're doing staking and challenges, it looks like it's not going to be very friendly to translators. I think they went overboard with favoring the challenger and customer. It shouldn't be a three way split of skin in the game, it should be more in favor of the translator who also is risking his time and effort on the translation project, and who loses control of the translation once it is submitted (since it's sent to the blockchain and there's nothing stopping the customer from using it, then challenging it and not paying).

[Anonymous No.24662572]

>>24662513
if that were the case, all the TCR challenges would be denying the applicant so everyone eats their deposits
translations are fine, there are just a few retards (as per usual in the translation business) who thought they could get away with bad translations
you'll be fine if it is proper

[Anonymous No.24662746]

>>24662572
I hope so. It's really easy to get a good reputation as a translator (which is why fan translators almost always eventually get hired by legit companies), so a trustless translating environment isn't that important the way linguo has it set up. A simple smart contract between customer and translator with a kleros clause would be plenty in my opinion.

I'm still going to give the platform a try just to do my due diligence on kleros as a whole but I really think they should lean more towards favoring the translators. Maybe instead of just having a challenger, the challenger should be required to submit an alternative translation and explanation of why there's is better in addition to their ETH stake, to match the time and effort the first translator already spent and can't recoup. Actually that would also make the court decision a lot easier, too, since it would be a simple comparison between translations by translator jurors.

[Anonymous No.24662860]

>>24662746
sure, it is all a work in progress. time and time again the Kleros team has shown that they are capable of producing high value products with updates. Omen so far is the most popular one, linguo was another attempt.
I think there is a good spot for decentralized translations as it can be a global app with no restrictions on credit cards/taxes/sign ups etc. it is clunky now, sure, but it has a far bigger global reach than ANY translation site today
an obvious one to me has been for art and design comission, and I would bet the clients would be the ones who would get fucked in these ones. usually clients make dumb fucking directions, get exactly what they asked for but not waht they wanted, complain and will get their stakes taken away as jurors will be (as shown historically) strict on directions
this is just the beginning. can't wait for their general purpose zk L2 app too

[Anonymous No.24662909]

>>24662860
You're right, art and design commissions could be big. Commissioners also get fucked pretty often by artists who flake out and take *years* to deliver on promised artwork. Usually this just means a lost deposit but can put the commissioner out the entire agreed upon amount.

>can't wait for their general purpose zk L2 app too
What is a zk L2 app? Sounds bullish.

[Anonymous No.24663022]

>>24662909
zero knowledge roll-ups. basically, it is custom-built tiny blockchain servers that run on websites and combine all transactions into one giant transaction that is compressed. however, due to how they package transactions, you can do several transactions in between (like buy, sell, buy, sell) and end up paying only the fraction of the cost
basically -- gas saving solution. in fact, users usually pay 0 gas in these platforms. I know for a fact Kleros is working on that as Clement has confirmed several time in chat, on twitter etc. Actually, im not sure if it is going to be a zk-rollup or an optimistic rollup (just another type of the same thing through a different mathematical model)
examples -- see Loopring.io. Amazing tech on zksync
Optimism, the company behind optimistic rollup research, is another example. This might be the better choice because they do general purpose smart contracts on these rollups, but gas costs are a bit heavier. zksync is much better for exchanges, but who knows.
anyhow, kleros will eventually have courts and all kleros team made apps on this tech so you never have to pay gas fees.

[Anonymous No.24663099]

>>24659534
The reason I haven't bought any PNK so far is that I don't understand how the tax reporting is done. Say I buy 10k PNK on Uniswap at $0.1 and then one day I transfer it to Coinbase to sell it. Well the sell transaction on coinbase is recorded in systems that the IRS trusts, so no problem there, but how do I prove my $0.1 purchase price to the IRS so they don't have to assume I got it for free and the entire sell price is profit?

[Anonymous No.24663110]

>>24663022
That's a bit over my head but definitely sounds cool. I've been playing with the idea of making a decentralized patreon/crowdfunding alternative using templated smart contracts; doing rollups like that would probably make the site much more efficient.

We really are just at the beginning of the blockchain revolution.

[Anonymous No.24663186]

>>24663099
I just use cointracker.io

[Anonymous No.24663194]

>>24663099
Anon, for taxes, you just claim what you claim. They don't require evidence unless they ask for it, and they only ask for it if you get audited (or they decide you owe them more, and give you a chance to prove you were telling the truth originally). IF they did ask for proof, what you'd do is check your tx history in your wallet, find the transaction, and tell them that that is the transaction and how to check it on etherscan or whatever. Then you can calculate the approximate value of the trade based on what ETH and PNK were trading for at the time on exchanges.

I believe there's also blockchain tax software that does all this for you automatically, too. So don't sweat the taxes as long as you keep track of your transactions.

[Anonymous No.24663415]

>>24663099
>sell price - 10k pnk at $10 each ($100k)
>buy price - 10k pnk at 10c each (1k)
>taxable amount - $99k
>tax rate - whatever is yours (probably 25%, so you'd pay $24,250 in taxes)