What went wrong?

what went wrong?

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Other urls found in this thread:

blockexplorer.mainnet.v1.omg.network/
explorer.matic.network/
blockscout.com/poa/xdai
defipulse.com/xdai
defipulse.com/bzx
twitter.com/NSFWRedditGif

I dunno people are too lazy to use side chains

>New projects on boarding every week
>Still holding a 4x from late july (many cryptos are down 90% from the level they were at at this time)
>Projects are frequently the most talked about in the space (Circles UBI for example)
>Still seen as the best scaling solution by many in the ETH community

The only thing that went wrong was that some weak hands sold, thinking the only use case for this thing was reddit. Ridiculously undervalued when you consider this is used more than OMG or Matic.

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What's this? Have they been announced as the winners?
I've been away for a while.

My only hangup is that transactions on network don’t require STAKE the way transactions on ethereum require ETH, done for sake of ease of use I guess but terrible for tokenomics

Nah that’s another project’s announcement of their choice of xdai

No, they weren't announced as winners. But that was one of the projects that moved from ETH mainnet to xDai stating why the moved.

My guess is the reddit engineers are retarded and legitimately don't seem to understand how ethereum works. They made a big stink about how you shouldn't transfer your tokens off Rinkeby in the testing phase. They don't seem to understand what it's like to have true decentralization. People are going to move their tokens where they want to, and currently xDai is the only network that you can really trade them on.

MATIC CEO and OMG's community are both seething about xDai. It's kind of hilarious. There is no adoption for either at the community level.

blockexplorer.mainnet.v1.omg.network/
>0 tx in last 24 hours
LMAO

explorer.matic.network/
>had exact same block explorer as xdai
>Literally REMOVES the tx per day stat as it was so fucking embarrassing

blockscout.com/poa/xdai
>50k tx per day, all made by actual users on real projects

It is funny because xDai is at 1/20th the value as OMG. No one is gong to use OMG.

>My only hangup is that transactions on network don’t require STAKE the way transactions on ethereum require ETH, done for sake of ease of use I guess but terrible for tokenomics

The tokenomics aren't the best, but if you look at the climbing TVL, Tx per day, and overall long term trend, it is going up. I think though the ease of use is what makes it more popular. People already have to worry enough about ETH's price, why give them a headache and make them worry about their layer 2's token price? Once full POSDAO comes in, the tokenomics will be a bit better and it should moon.

Lol wtf? Omg has zero tx today? How is it still so high in market cap?

It's the same type of rugpull as BZRX.

mmm getting closer to that 10$ swing mark, keep dumping anons

How? BZRX has zero TVL right now. xDai's TVL is steady climbing. Gonna have to come up with better FUD ranjeet.

defipulse.com/xdai
defipulse.com/bzx

Clear difference.

Any token I'm interested on that has liquidity on honeyswap, i've moved to trading it there. It's superior, dai is stable, and the low gas fees make it much easier to dca in or out of a positions.

If I had the money, I would just port in a bunch of liquidity for wbtc onto the network. I think once the wbtc/hny and dai pairs are up and running, the network as a trading environment will mature greatly.

>Kusama 240m mc
>xDai Stake 40m mc
clown market

Mainnet rollout was in June and exchange onboarding is still going on.

Little reason to own stake until the new POSDAO comes out / tokenomics improves, could replace eth and still have a meager marketcap if stake not needed for transactions and nodes are run by a preselected group

user... i...

it is not clown market you fucking idiot
its because people realized xdai doesnt generate enough fees to make payouts to stakeholders worth it sorry user
the moment you realize that then youll realize why its useless
its poa network part 2

i will leav this page up and wait for someone to tag me and explain to me how you're earning with xdai

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Chai, bridge fees, posdao, also huge adoption is going to lead to more Tx fees being generated.

I already use Dark forest, POAP, Honeyswap on xDai. I have only used Uniswap on ETH, I don't want to pay for dapps on there, way too expensive. For most people xDai will be the best layer 2 solution. Dev's have already decided this. OMG and MATIC are sitting at zero adoption. No one likes the gook scammer jun, or pajeet sandeep. Based Russian lead devs ftw.

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good meme but can you tell me how many millionths of a penny you earned today??

this will die the same reason nano died, altruism does not work in the fucking financial sector

nano died because of bitgrail.

bruh chai saving rate is 0% right now so it got disable but there's another alternative like avve,compound though so i'm not worry.

Yeah, but it probably won't be zero forever. And like you said, they could just replace it with one of those. Maybe if DMM comes along they could even get mtokens or something.

OMG MOGGED it into the grave

>0 tx today
You can't make this up. OMG is DOA. Project has zero adoption.
Check for yourself if you don't believe me:
blockexplorer.mainnet.v1.omg.network/

it's 16 now lmao OG bag holders coping.

I seriously believe that some OMG bag holder saw this thread and probably threw some shit coins around to make it look like the network has activity. Even 1k TX might as well be zero. But seriously, really embarrassing how bad OMG is.

This network is going to capture a lot more value than people think.

sounds cool. too bad the network doesn't pay the bagholders. xdai is cool but it doesn't do shit for holders. stakes only job is to help eth limp along until a scaling solution comes along, which is sooner than you think.

the price will slowly deteriorate until the scaling solution comes in. by the way, gas prices are fine now that Uniswap got their shit together.

>by the way, gas prices are fine now that Uniswap got their shit together.
Then why are projects still migrating to xDai? Vitalik himself said that main net will always be expensive to transact on. Basically, the faster eth mainnet gets, the more people will want to go on mainnet. Then the fees go back up. The fees will never stay cheap long on ETH mainnet because it will have global adoption. Side chains/roll ups will become what most people use. Most people will be fine using a sidechain, people that have very valuable stuff (more than you would ever put in a CEX) will probably use Roll ups.
Uni didn't get their shit together, the defi hype died off and people stopped farming all the bullshit tokens. There are already a ton of dapps running on xDai that wouldn't be feasible to run on mainnet. Adoption will continue and the transition to POSDAO will pump it.

Nice try homo

NOT SELLING

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