REN Republic Protocol

Some of you know
Some of you don't

Let the bullrun begin.

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is this a coincidence?

kek

twitter.com/FishTheWhales/status/1263847118315433986

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it's so tiresome you fag use our memes.
go fucking worship a mountain lifting money fags.
Based Kublai should have massacred you to the last

STOP STEALING MY SATS, FLIPPER

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Fuck off loser. Old link fags have already dumped on new linkers like yourself.

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unironically this top kek

tfw the biz autist is upset about memes again

I only have enough for three nodes, what do, user?

not fucking buying Chainlink. I actually read some of the WP.
I'm convered to UOS and XDB. maybe Tellor, but not fucking PNK, not at least they get onto some top tier exchange where I can swing.
Holding is a meme

can you self-host nodes. or must they be digitalocean / aws?

this could have mooned if it came out before liquidity.network. Ren devs were too fucking slow.

Bitcoin maxis aren't going to trust ethereum, they're going to trust the liquid sidechain.

Think about it. Are bitcoin users going to want to trust 3 layers on ethereum for their defi needs?

Bitcoin>Ren>Ethereum>Compound/aave

Or are they just going to trust a bitcoin sidechain created by the 2nd most credible case for satoshi.

I would invest in small caps like 2key. More money from the real world has to be brought into crypto. We can't keep recycling in the same bucket of crypto

are you sure that it wont? because you'll be surprised

I also get the appeal of gambling on low market cap shitcoins, but you can never be sure you'll be able to time your sells before someone with a big bag decides to.

Based

you wrote a reasonable and well thought analysis because you are probably a reasonable person.
have you been to walmart lately tho?
remember the quote: no one goes broke underestimating the average american? thats true globally as well.

ren solves every problem accept liquidity. if you want to invest in defi I would pick aave.

If ren is a success all of their renBTC will go to aave anyway

Ren's marketing and frontend are amazing. I don't fault into anyone for getting romanticized it. Being able to say you have a "dark node" sounds cool and the webpage ui is the best I've ever seen in the space.

hmm I wonder what happens when it hits

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Yes but the jew developers make it difficult

With a basic knowledge of go it is doable

Profits during the first test net were hilariously low, not going anywhere near darknode setup again until this is proven to be changed

what will happen within the next year has nothing to do with TA

yeah, i kept an eye on the amount being passed thru during test and too thought it looked too low to bother with.
the thing i do like about ren tho is its an infrastructure play, the average degenerate shitcoin gambler won't ever know it exists, just the website in question needs it.
success will depend on the partnerships - unironically.

RenVM is powered by a decentralized network of machines, called Darknodes, that contribute their compute power and storage space in exchange for fees.

Requirements for running a Darknode are 100,000 REN tokens staked as collateral + running the Darknode software via VPS.
The total number of Darknodes is bound by an upper limit of 10,000 - determined by the finite supply of 1,000,000,000 REN and the 100,000 REN bond per Darknode.
Darknodes earn fees for powering the network.

Darknodes are the physical machines that power RenVM, where every machine contributes CPU time for compute power and its disk space for storage. It is important to note that programs executing on RenVM are hidden from the Darknodes that run the virtual machine. This decentralized network of Darknodes is permissionless, but to prevent the forging of a large number of identities a good behavior bond of 100,000 REN tokens is required in order to register and run a Darknode. This bond prevents malicious parties from forging a large number of Darknode identities and gaining control over RenVM.

according to etherscan there are approx 900 holders with more than 100k right now.
assume 50% run nodes thats 400 or so to split fees among.

it's honestly an extremely attractive value proposition for holding more than 100k REN

it's done 2 bull runs before, 1 was 400% from the bottom one was 600% from the bottom(technically 500% then a fast crash then pump back up, I'm counting the top peak after that.) this bull run is already up 350%. biz is too late again.

the previous 2 bull runs were rumors about going live, code audits, etc.
this one is result of going live, so good luck timing the top

I would agree with you in general, but this upcoming run will actually have a fundamental reason for it and previous runs will not even compare

I don't get how people eat up all the shitcoins posted here these days and pass on REN anytime it's brought up. Have had my darknode for over a year and am comfy. 2000+ sats within 3 months of main netm

low market cap shitcoins could potentially provide a nice short term multiplier

it's a good r/r gamble if you are able to shill well to right people

but once you've made profit from your pnds, it'd be wise to put it into something with real potential.

100k locked and loaded. If REN gets any trading volume at all then 3000 sats is a given.

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Yeah plus it's only if you have the time as well, plus you can get burned badly like we've seen recently. I just went 80/20 REN/BTC and sat back, gonna be so much more satisfying when REN really takes off