We need the real rocket man. Elon where are you?
Party boy?
Oh you meant that guy.
2 different things though isnāt it?
I fully understand that a rocket of a coin will bring attention.
But it is likely fluff attention.
I would much rather sit in the Caribbean while faffing about on the network, so wonāt complain too much about fluff attention
Didnāt understand your question or point.
Absolutely.
For me, itās when anyone can download Android / iOS apps to dabble with streaming videos / music, browse websites on Autonomi, and view social media stuff.
Until thatās easily possible, itās not worth trying to get people interested knowing thereās no experience to hook them & encourage them to delve deeper & see the potential.
Weāre getting pretty close thanks to recent network improvements, Impossible Futures, and other community devs building some fantastic stuff that should make it easy to show what Autonomi can do.
After that, I expect getting more devs on board will follow, and then end users. Thatās what I want to see driving demand for ANT up, rather than any short-lived hype pump.
Would it not be possible to leverage Geneva being an epicentre for gold , the foundation being registred there, put the two together and get support to have a community āStableāishā Coin (actual crypto StableCoins are only stable relative to other fiat , itās a marketing con) by describing a "Stableāish coin im at least being honest.
AntGold with a weighting of 90%Gold/10%ANT stored in reputable Geneva vaults with proper audits unlike Tether Gold, i would buy that regularly.
Where do ants live, in the ground, like gold.
I had ai make a report (happy to post it in forum if anyones curious)
AntGold Dynamics Report: Stabilizing Autonomi (ANT) Volatility and Fueling Development Through Bitcoin Bear Markets ,reading it now (ai) and it makes a lot of sense to me if looking at a long time horizon which the technology is built for, decades into the future. The people who think gold is going away and a relic are glue sniffers,imo.
Ok but I didnāt talk about or promote any of that. I talked about how to solve the excess ANT problem thatās driving the price lower.
The rest I agree with though; easy to get started using a reliable network, a few useful apps.
I didnāt mean to suggest you did. I was mentioning it as some seem to want marketing activities ASAP to try to get new people looking at Autonomi, which I feel would be counterproductive ahead of a good user experience.
However, marketing to getting more relevant devs involved is appropriate now, and this is what Impossible Futures was about.
The problem of excess ANT causing price to the fall is just a reality of supply (shareholder tokens, beta rewards, emissions) outstripping stagnant demand from a community that has largely already filled its bags.
Once demand starts to increase, Iām sure price will stabilise & start rising.
One or two big investors looking for a position would stop the price falling further, as sell pressure is pretty small in the scheme of things⦠maybe a few cool apps will grab the attention of a few such investors in the coming months.
You are just introducing a 3rd party that needs to be trusted. Bitcoin solves that. Any token that wants to be valuable needs to be decentralised and trustless as a bare minimum.
Gold inflation is roughly 2% per year. Bitcoin inlation is now less than gold and will eventually be 0%.
The hardest money always wins.
But i agree gold will still be important for some time. Better to just buy physical gold.
A sustained increase in ANTās price is close to impossible for the time being.
The network functions without the coin. Its just build into the contract. Only defi can change things around, which makes no sense to utilize when there is your obvious competitor. It will take years to create a basic framework for defi on autonomi. It also needs to be cheaper and more user friendly compared to lets say Sol (close to impossible to accomplish anytime soon).
Prepare for a 1 cent ANT in the coming year, which seems like a stretch, but in fact very easy when there is close to zero liquidity. Then there is mexc draining liquidity as they have been for years manipulating alts and, of course, an inevitable luring bear market.
Only if itās impossible for demand for ANT to increase⦠which itās obviously not. How likely it is can be debated, but itās clearly not impossible.
Of course if sell pressure continues and demand doesnāt increase, the downward price pressure will continue. But there are plausible ways demand can increase within the next year to change the direction.
Not when it starts to fill up.
The ANT price can absolutely go up if the network sees growth in users and demand for uploads.
The team announced work on tools to facilitate bulk uploads is starting imminently, along with network improvements that should improve upload performance generally.
These possible sources of demand become more likely the better the network and apps perform, so Iām hopeful weāll see a shift in the coming year or so as new apps and use cases emerge.
Also, if the app ecosystem etc starts to look promising, and new people hear about the project & see the promise, it wonāt take a huge amount of interest from speculators / investors to see the token price reverse. A couple of big investors accumulating serious positions is all it would take for demand to exceed supply at these prices.
If it becomes clear thereās a good chance Autonomi is going to be bigger than Arweave / Filecoin due to ease of use / simplicity / flexibility / performance etc, yet it is earlier in the adoption curve with a far lower market cap, it could be very interesting to investors.
Iāll be shocked if we average $0.01 for any serious length of time, given that would indicate a fully diluted market cap of $12m, while Arweaveās is $400m & Filecoinās $1.6bn, and these are hardly usable for newcomers, but Autonomi will be immediately useful to normal people once video, audio, file-sharing, web-browsing apps mature.
$0.01 for a long time seems closer to impossible than demand starting to increase as the network matures, assuming the network doesnāt have some unforeseen technical failure that canāt be fixed⦠which seems increasingly unlikely as the track record of uptime & reliability grows every day.
It is beyond comprehension that the price is currently where itās at. If it goes to $0.01 for any length of time, it should go to zero and stay there. If for nothing more than to punish people for being that stupid enough about a tech as advanced as this. They simply do not deserve to have access to it at that point.
Not at all. Thereās far more ANT being sold than bought. And thereās a backlog of ANT for sale in the tens or hundreds of millions. When (if?) the network is fully functional and fast, that would change the dynamic, but thereās still >0% risk that that wonāt be achieved.
Because everything is a crypto casino now. A decade ago, that was not the case. I understand the point you are making and you are not incorrect, however, you cannot sell me Dogecoin, Fartcoin, etc, and reconcile that. It is inconceivable to any thinking person that we are where we are.
Sure it is. Those coins are in a different category. Theyāre jokes. Shitcoins. So they donāt need substance to have line go up. I wouldnāt put money into them but plenty of people for some reason would.
Autonomi has purpose, thatās what it trades on. So its token value is based on whether it delivers that purpose or not, and it hasnāt yet. Itās inching closer, but itās not there yet, and it may fail to ever deliver on the purpose.
You might disagree, but does that clear up why goatse coin and grindr coin can have line go up while ANT is going down?
Frankly, none of it makes sense anymore. MAID is an OG coin that helped proliferate the market for gays to twerk their way to meme fortunes, while a revolutionary tech remained cemented to irrelevance. Itās all just total insanity.
Hmm maybe I donāt need to wait 2 years for 2c. It could already be next month
Iāll put it like this: If Autonomi fails, it wonāt surpass tokens with nothing more than a dog mascot. If Autonomi technically succeeds, itāll rival ETHās market cap, and maybe BTCās.
And mere minutes after grindr coin is mentioned, grindrmax92 shows up. Coincidence?