Let's talk Reddit

How do I invest in Ben Shapiros sisters milkers?

When is the annoucement reddit fgt?

>but never has
>never
I don't know what they're doing, surely they've had to have figured out whomst the winner is given it's been 5 weeks?
Pls

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>an easy as fuck 3-4x

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For me, its XRP. The most sure investment right now in crypto.

Sorry to those who fell for the Omisefag pump and dump but theres no chance in hell that gook shitcoin is winning anything but a trip down to .30.

>The most sure investment right now in crypto
I've got to hand it to you, 1000 XRP at the end of the day is always worth 1000 XRP.
>no chance in hell
Can you expand on this probability?

Its going to be arbitrum no doubt

>but I can't buy these coins
Therefore which do you think is most likely to not get shocked by price following a loss?

Requirements
Scaling. This PoC should scale to the numbers below with minimal costs (both on & off-chain). There should also be a clear path to supporting hundreds of millions of users.

Over a 5 day period, your scaling PoC should be able to handle:

100,000 point claims (minting & distributing points)

25,000 subscriptions

75,000 one-off points burning

100,000 transfers

Decentralization. Solutions should not depend on any single third-party provider.

We prefer solutions that do not depend on specific entities such as Reddit or another provider, and solutions with no single point of control or failure in off-chain components, but recognize there are numerous trade-offs to consider

Usability. Scaling solutions should have a simple end user experience.

Users shouldn't have to maintain any extra state/proofs, regularly monitor activity, keep track of extra keys, or sign anything other than their normal transactions

Transactions complete in a reasonable amount of time (seconds or minutes, not hours or days)

Free to use for end users (no gas fees, or fixed/minimal fees that Reddit can pay on their behalf)

Bonus points:

Users should be able to view their balances & transactions via a blockchain explorer-style interface

Exiting is fast & simple

Interoperability. Compatibility with third party apps (wallets/contracts/etc) is necessary.

Scaling solutions should be extensible and allow third parties to build on top of it

APIs should be well documented and stable

Documentation should be clear and complete

Third-party permissionless integrations should be possible & straightforward

Simple is better. Learning an uncommon or proprietary language should not be necessary. Advanced knowledge of mathematics, cryptography, or L2 scaling should not be required. Compatibility with common utilities & toolchains is expected.

Bonus Points: Show us how it works. Do you have an idea for a cool new use case for Community Points? Build it!

Security. Users have full ownership & control of their points.

Balances and transactions cannot be forged, manipulated, or blocked by Reddit or anyone else

Users should own their points and be able to get on-chain ERC20 tokens without permission from anyone else

Points should be recoverable to on-chain ERC20 tokens even if all third-parties involved go offline

A public, third-party review attesting to the soundness of the design should be available

Bonus points:

Public, third-party implementation review available or in progress

Compatibility with HSMs & hardware wallets

Other Considerations

Minting/distributing tokens is not performed by Reddit directly [1]

One off point burning, as well as recurring, non-interactive point burning (for subreddit memberships [2]) should be possible and scalable

Fully open-source solutions are strongly preferred

>[1] In the current implementation, Reddit provides signed data for claims, but does not submit the actual claim transaction for the user (the user does that themselves). Note that smart contracts are considered independent of Reddit provided there is a path to decentralizing control over them.

>[2] Subreddit memberships are currently implemented as a contract acting as an ERC777-style operator that can burn points on a monthly basis, but we are open to changing that implementation.

I too have read the request

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these are the requirements. I hold barely any omg. so hardly any bias here. i'm willing to go all in on xdai

i want to get this right not live in a bubble. we can all make that 3-4x if we bet right.

I have been looking into this quite a bit lately.

>1 is there any way another chain could win??

>2 if not, then its xdai vs omg. diversify? the loser chain will dump but the gains from the other chain should far out weigh the loss

>3 lets talk about omg vs xdai. i'm learning more everyday about xdai but i know omg pretty well.

no bs here omg has alot of things going for it. tcointelegraph.com/news/omisegos-parent-company-synqa-raised-80-million-in-series-c
I think with how official and recognized they are in the normie world helps them alot. their entire product is built for this type of thing for them to provide the tools for another business to use them on the back end

i posted the requirements to make this point or ask this...
>it doesn't seem like reddit is looking to have smart contracts, it would be pretty advanced if it was easy to set up different types of contracts for the regular redditor. does xdai do that or is it just something they can do in the future without knowing how to code?

omg doesn't do smart contract but is it possible to have another party involved in the future that allows for smart contracts?

what would those contracts even be that a redditor might be interested in

OUT OUT OUT OUT OUT OUT OUT OUT OUT

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just trying to have a real discussion

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>the loser chain will dump but the gains from the other chain should far out weigh the loss
This is true at most the loser chain would go -50% yet the winner would go 3-4x making it technically smartest to back both if you're actually doing a coin toss.
>cointelegraph; entire product
I didn't know this. They do seem to be focusing 100% on payments, which is cool. I guess I wouldn't be surprised if OMG won because of what you said, and alternatively it wouldn't surprise me that xDai would win given he's clearly got the attention of the greater Ethereum development community.
So either,
(A) Reddit is 100% only interested in 'payment' and will choose OMG
or
(B) Reddit will choose xDai because it's attempting to appease the greater Ethereum community.

This does indeed complicate my decision making, because I think there's really no way in Hell to know which group is going to be the winner here when it seems to be chocolate vs vanilla, instead of "who is the best."

Thanks user.

All that said, can you give me an alternate timeline of what happens to each when they lose?

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>what would those contracts even be that a redditor might be interested in
I think that's why I'm really interested in xDai, given above, that xDai is more versatile? Say Reddit wanted to start decentralizing some sort of functionality for reporting news, etc? Put it on the blockchain so it can't be disrupted and thus theoretically available to all?

Sort of like an unknown-known unknown kind of thing.

OMG pumped mostly on USDT news, not reddit speculation, while a lot (if not most) of xDai's current hype revolves around reddit speculation so i believe the latter would have more initial downside in case of losing the comp. that might also indicate higher potential upside though. im biased towards xDai but the 50/50 wager is not that bad of an idea
also there have been market buys of xDai dip worth of $60k+ each so there are some mini whales accumulating

lol i'm not like this at all man