Financially ruined again. Thanks biz. I should’ve known to stay away from this curryboard and currycoin.
Financially ruined again. Thanks biz. I should’ve known to stay away from this curryboard and currycoin
Andrew Gonzalez
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github.com
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Daniel Parker
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHAHAHHAA
RUGGED
Camden Bell
you're an idiot
Carter Roberts
Noah Moore
Should I get out now or will it go up?
Gavin Wright
He brought it down to the peg, I suggest you just hold until the project is sitting at a higher market cap.
Actually just do the Zig Forums shuffle and buy high, sell low, hop to the next one and repeat until you have no eth left.
Samuel Evans
You sir deserve to lose all your money , who buys the top ??
Cooper Davis
>implying this was the top for a coin that's going to go +100M mcap in the coming months
Colton Thomas
you better be right user, i just bought
Brayden Sullivan
right, imagine thinking it hit the top on its first day
Jeremiah Clark
>tfw this is what I actually did
I'm a Zig Forums oldfag now.
Samuel Hernandez
Rebase tokens aren't about the price but about the sheer number of rebases you get.
Jeremiah Harris
not selling the news
not gonna make it
Isaac Reyes
>It was the top...of this move.
Sebastian Evans
I don't think a single person on here could explain to me in clear English what this thing does, and I don't want to invest against Bitcoin's dominance in October.
Ian Robinson
The mcap of all of crypto is "a"
The mcap of btc is "b"
The mcap of all coins aside from btc is "a-b" or "c"
"b/a" is BMCD
If btc goes up or down in price the BMCD is affected by the mcap growth of "c" relative to "b".
Now xBTC is pegged to BMCD or "b/a" and is c/a increases relative to b/a then the chance of a positive rebase increases. MORE importantly, there is now a way to trade the IDEA or derivative of a pan-altcoin marketcap and hedge against holding BTC so even as BTC grows, you know altcoin mcap will grow more and if btc goes down, the more altcoins that decouple from btc over time will further push the chances of positive rebases allowing for an increased hedge.
The buyers are not meant to be anons or individuals but financial institutions. For example, grayscale owns 4.4 billion usd of btc and they will buy a similar amount of xBTC as a hedge for future digital asset growth as they can now own coims that can go up with BTC AND make more if BTC goes down as long as more and more altcoins decouple from BTC.
Christopher Gutierrez
I sold my 0xBTC for xBTC and I'm up 32%
Ryan Thomas
I watched 2 hours of AMAs and the dev has said the opposite. It's a token that is specifically not an investment, but held by average people who want to hedge against Bitcoin.
It seems to not be affected by the market cap, but rebases. I don't know. I don't get it. It losing money so I don't care. lol.
Ian Miller
Also, it's not all coins, it's specifcally stated "all digital assets" and the white paper doesn't seem to define what a "digital asset" is clearly. Uniswap tokens...or like...? I dunno.
Gavin Hernandez
Oh fuck. It's the bastards that made sta right.
What if you pooled this with Bitcoin and Statera in a pool. Fuck. Oh. Now I fucking get this token. Fucking sick.
Christian Perry
Fuck they made balancer too. Holy shit.
NICE.
Anthony Davis
but a positive rebase just means more supply, and the price will drop to maintain the marketcap pre-rebase. I don't understand why I would want to hold this other than it will be shilled as a bitcoin hedge and pumped by brainlets
Aiden Sanders
You don't want to hold it. You want to put it on a pool with Bitcoin on Balancer and Statera, I think. All of these projects (except Bitcoin) have the same devs and seem like when used in conjunction with each other they would create an a huge pumping instrument for cash flow. Hmmm. Very interesting. Very interesting.
Isaac James
Shitcoin dont buy
James Bailey
what the fuck happened
Aiden Richardson
what do you mean you dont want to hold it? it can still be just as profitable. postitive rebases add more tokens and subsequently demand for the token increases along with its market cap as btc dominances falls
William Gonzalez
Rebase has nothing to do with the actual value of the token
No. Rebase tokens aren't about the price but the market cap (just like any other coin)
Mcap doubles, so does your stack's worth, it's as simple as that.
Wyatt Foster
weak FUD thread. just bought 100k.
Christian Howard
nothing. (this might be bottom actually)
Jonathan Moore
"We have completed the coding of both the backend and front end of The Mint. Unfortunately the dev on our team just completed the front end today and our CTO has not had enough time to review the code in its entirety. We could launch tonight but in an abundance of caution we have decided to wait until our CTO can fully look over the code. We had expected the code earlier this weekend and then earlier today but unforeseen circumstances pushed it until later today. We considered forging ahead but we would rather do things right than do them quick.
That being said we have the code up on GitHub for anyone to review now: github.com
We have also launched our Medium article for an overview of the Mint: medium.com
Though this wasn't our ideal outcome we look forward to the official launch of the Mint and Dashboard this week. Innovation will never be a straight path, but we will get there, one step at at time."
Jacob Campbell
yeah, to spell it out clearly
you buy 1 xbtc worth one dollar, the mcap is 1 million
btc dominance falls, so you are dropped 1 rebase xbtc. you now have 2 xbtc worth 1 dollar.
subsequently, the drop in btc dominance creates demand for xbtc so mcap pumps to 2 million
your 2xbtc is now worth 2 dollars
play in reverse for an increase in btc dominance resulting in negative rebase
niggerfaggot
Dominic Russell
you're up 700% gayness for being a stupid liar