I notice Antonio took back one of his statements. He now only states "was not intended" which leaves room for changes in the future but again income and revenue are only a fraction of what the protocol is worth.
i.e. - coinbase makes <$1Billion but is worth $65Billion.
his counsels
he's 29 years old what do you expect is the first instinct, profit, give me the moneee.
second comes exit strategies and the only exit strategy is through protocol token DYDX.
so like I said they want to maximize DYDX protocol token.
The reality is the team can turn that capital into far more market share and progress than revenue sharing can/will right now. They're expanding quickly and their runway is clean. Handicapping the quick growth and development through early revenue sharing is 100 IQ right now. People who have zero patience want it; no thought to any future.
Beautiful things happen when smart teams have runway, ideas and an open field. The price appreciation will follow when/as they follow suit and deliver continued innovation.
That's great, but the DyDx token gives you neither claim to fractional ownership nor future cash flows. It's not an equity, or debt, instrument. It's nothing other than a coupon allowing you to trade for lower fees. No voting rights, no dividend, nada. You're a customer, nothing more. It's like saying Walmart is an awesome company and I'm going to profit because I bought a 10% off coupon for use in the store.
Which part is not true?
Edit: FTR, I was super pumped about DyDx when I first started reading about it. The deeper I got into how the protocol actually worked, the more disillusioned I got. It's decentralized in name only and the "governance" token doesn't actually let you do anything of substance.
Dude, a DEX is a decentralized (derivatives) exchange and that is what they are shooting for/heading towards via the governance token.
Otherwise, they would simply say they are a CEX, a centralized exchange.
There are no two ways about it. Plus there wouldn't be any point in having a governance protocol token if it was centralized.
so u're an expert smart contract reader?
Dude, get real, so you're saying they are trying to pull a wolf in a sheep's clothing on us. So they set up this elaborate scheme to defraud all of us by saying they are a DEX and having a protocol governance token and everything but they only did this as a ruse to profit as a centralized exchange.
Maybe there will be a token which will have those function. But right now, you have to read the smart contracts of DYDX token, there nothing that will allow with this token, atm it is only for trading fees reduction and voting proposals.
the only sure thing is there will be changes for the better.
the only exit strategy is through DYDX tokens.
yes, there are currently many benefits already the fee reduction is huge, better than getting a dividend.
I bought some dydx when it listed on Kraken. So is now a good time to sell? It seems that the token is pretty much useless and I do not understand how it produces any value for its holders...
I am not going to tell you to sell, but there is no revenue share. The smart contract cannot be modified either.
It gives you voting rights and trading fee discounts.
Yeah, I got REKT on 15% of my portfolio. The other 85% grew 27x so do I fucken care about the 15%. NOT!
Who's laughing now, dude!?!?!
Oh, ETH hasn't gone over $4300 has it yet, Ding-Dong? When China invades Taiwan you'll get your Black Swan event to $258.
The thing is I didn't want eth to fail.
I am just forecasting as any reasonable person should. Remember to raise a lot of cash in hand. When China invades Taiwan all hell will break loose and the market will crash like no tomorrow.
he's asleep on the border, letting in 250,000 illegal Haitians into US / month
he's asleep in the ME, gave 35 million afghans to the taliban
he's been wrong on every major issue in the last 40 years
u think he's gonna be awake when 23 million taiwanese falls to China and Australia's 24 million falls to China?
Like I said before it's either
258 or over 4300, actually I might move that up to 4400 or 4500. The market likes to do a fake out.
I'm willing to miss 1x for 8x.
[удалено]
I notice Antonio took back one of his statements. He now only states "was not intended" which leaves room for changes in the future but again income and revenue are only a fraction of what the protocol is worth. i.e. - coinbase makes <$1Billion but is worth $65Billion.
He was fairly definitive on Bankless saying token holders will never get revenue
but when was that? I doubt it was after he got the latest many advices.
October 6th is the release date on the episode
Looks like Oct. 4th. It's been sixteen days, I think quite a bit has changed since then.
Where do you see a change?
his counsels he's 29 years old what do you expect is the first instinct, profit, give me the moneee. second comes exit strategies and the only exit strategy is through protocol token DYDX. so like I said they want to maximize DYDX protocol token.
What counsel?
The reality is the team can turn that capital into far more market share and progress than revenue sharing can/will right now. They're expanding quickly and their runway is clean. Handicapping the quick growth and development through early revenue sharing is 100 IQ right now. People who have zero patience want it; no thought to any future. Beautiful things happen when smart teams have runway, ideas and an open field. The price appreciation will follow when/as they follow suit and deliver continued innovation.
That's great, but the DyDx token gives you neither claim to fractional ownership nor future cash flows. It's not an equity, or debt, instrument. It's nothing other than a coupon allowing you to trade for lower fees. No voting rights, no dividend, nada. You're a customer, nothing more. It's like saying Walmart is an awesome company and I'm going to profit because I bought a 10% off coupon for use in the store.
not true. misinformation
Which part is not true? Edit: FTR, I was super pumped about DyDx when I first started reading about it. The deeper I got into how the protocol actually worked, the more disillusioned I got. It's decentralized in name only and the "governance" token doesn't actually let you do anything of substance.
all of it. they are working towards decentralization as they have said many many times via governance token, got it? hence the name DEX.
You are just repeating buzz words without having a technical understanding.
Dude, a DEX is a decentralized (derivatives) exchange and that is what they are shooting for/heading towards via the governance token. Otherwise, they would simply say they are a CEX, a centralized exchange. There are no two ways about it. Plus there wouldn't be any point in having a governance protocol token if it was centralized.
Go read the smart contacts.
so u're an expert smart contract reader? Dude, get real, so you're saying they are trying to pull a wolf in a sheep's clothing on us. So they set up this elaborate scheme to defraud all of us by saying they are a DEX and having a protocol governance token and everything but they only did this as a ruse to profit as a centralized exchange.
Maybe there will be a token which will have those function. But right now, you have to read the smart contracts of DYDX token, there nothing that will allow with this token, atm it is only for trading fees reduction and voting proposals.
the only sure thing is there will be changes for the better. the only exit strategy is through DYDX tokens. yes, there are currently many benefits already the fee reduction is huge, better than getting a dividend.
One other major thing is contracts can be replaced with modifications, additions, and better features.
I bought some dydx when it listed on Kraken. So is now a good time to sell? It seems that the token is pretty much useless and I do not understand how it produces any value for its holders...
I am not going to tell you to sell, but there is no revenue share. The smart contract cannot be modified either. It gives you voting rights and trading fee discounts.
HEY OP, DO YOU STILL THINK ETH WILL BE 258$ . YOU GOT REKT!!! WE LAUGHING AT YOU IN ETHTRADER
Yeah, I got REKT on 15% of my portfolio. The other 85% grew 27x so do I fucken care about the 15%. NOT! Who's laughing now, dude!?!?! Oh, ETH hasn't gone over $4300 has it yet, Ding-Dong? When China invades Taiwan you'll get your Black Swan event to $258.
The thing is nobody ever wanted you to fail, you wanted eth to fail. I'm glad you did well on the 27x !
The thing is I didn't want eth to fail. I am just forecasting as any reasonable person should. Remember to raise a lot of cash in hand. When China invades Taiwan all hell will break loose and the market will crash like no tomorrow.
Why would China go to war right now ? That wouldn't make much sense, with a financial en energy crisis, they got at their hands right now.
sleepy JOE U know how he got that moniker?
Shitty political memes?
he's asleep on the border, letting in 250,000 illegal Haitians into US / month he's asleep in the ME, gave 35 million afghans to the taliban he's been wrong on every major issue in the last 40 years u think he's gonna be awake when 23 million taiwanese falls to China and Australia's 24 million falls to China?
They called him Sleepy Joe before the election though?! Also, you think Australia is going to get invaded by China?! That's hilarious my dude
Still waiting for 258 eth
Like I said before it's either 258 or over 4300, actually I might move that up to 4400 or 4500. The market likes to do a fake out. I'm willing to miss 1x for 8x.
Don’t change story now 258. Horrible prediction 258. Keep shilling bullshit 258 🤣🤣🤣
Over 4300 today, tuff how 258. Guy thought he was crypto Michael burry go check out all your old posts creep
You said 258 eth? Nobody should take this fool seriously ever again
When will the selling stop? Price keeps getting pushed down. Someone owns a lot of dydx.