Nov 4 Update from Bux

I would be too, it would be great to know if I can set limit orders on uniswap that people can dump into.

as for @TylerAbeoJordan I would recommend you sell at MEXC, there is a constant 80k ANT buy side with very limited spread/slippage. Uniswap liquidity is depleted and will result in much larger slippages.

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This doesn’t change the fundamentals. I hope you are right, but I can’t afford to gamble on hope when it’s been in a tailspin for some time and my analysis above appears solid to me.

Fee reduction is helpful for uploaders, but I don’t see that bringing in many more users at all. Again, hope you are correct, but just don’t see it happening.

If we had a stable token, I think it could keep going for a few years at least, but nothing is going to stop the value-drain train as far as I read the tea leaves as they float. If management changes course, then maybe there is a shot.

We have too many nodes for too little upload and this equation isn’t going to change with emissions. The nodes are draining capital from the token, the uploaders are adding value to the token by buying and holding for some period of time.

This ratio needs to be in balance, or the value will continue to drain and it will take more and more tokens to pay for uploads.

As investor hodlers see the value draining away, they will not hodl either - unless they don’t understand the math and rely on hope. So they are selling overall and not incentivised to come into the fold either.

So it’s a double-whammy on the value-drain-train.

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Thank you very much for this! I also find it very hard to read on discord, but still want to know what the team says.

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Apparently there will be some information regarding emissions in today’s dev update (according to Bux on Discord). Hopefully it will provide some clarity we’ve all been desperately seeking.

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This may become a pizza post in the future.

Analysis and logic in crypto has proved useless as soon as the wind blows in the right direction.

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O well, as long as the pizza tasted good you wont stress about it too much. It’s when its a bad pizza,.. that will haunt you for the rest of your life.

Jokes aside, I’ve been starting to buy back recently again. That may as well haunt me for the rest of my life as well. Only time will tell.

Fundamentally I think you’re doing the right thing at the moment. By my gut is telling me to have faith in the team and their decisions. It’s impressive how dedicated they are, how well they are aligned (or appear to be) and unsettled they seem by the constant price decline. They continue to look at the long term health of the network and don’t seem bothered by short term noise. That’s all that’s keeping me here, not gonna lie.

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I’ve hodled for a loooong time - I’ve regretted doing so on multiple occasions. Even at the current low valuation though, I am still in the black … an indication of just how long I’ve been here. Still my current thinking is that the management isn’t going to change course, and I want to get out while I am still in the black.

If management does change their mind, I will buy back in. BTW, I’m only slowly selling, still not even half way there and will likely take a while.

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@dirvine kindly shared his thoughts on this discussion on Discord. I’m very grateful for that. I’d like to share my thoughts on some of the arguments made in Discord:

@dirvine
Then who wins the competition? who sets it up for all the accusals of ā€œthis is a terrible schemeā€ and then who takes responsability?
I like these ideas but the 2nd effect of doing anythign where anyone is seen as ā€œin controlā€ are horrific and allows those who wish to scream, centralised traitors etc. is loud.
We do a ton of work to ensure we are not in the way and we do really want all of this to be autonomous as posSIBLE.
I just note this, not to put the idea down, but to shed light on the effects to some who feel we are not perfect in every way and need lashed for anything they consider an error šŸ˜„
Ultimately though we have an internal massive drive for full autonomy for autonomi šŸ˜„ that’s the ultiimate driver for us and we do need some human inputs etc. but the drive is autonomy where we posisbly can.

Let me offer my thought on this:
Why not create a smart contract that would decentralizedly apply an additional bonus (from emission tokens) to those nodes that have just received payment for uploading data into the network and have done their real work. The size of the bonus could be regulated based on network parameters and its activity. In practice and in total, for the nodes, this would simply be payment for their real work. But it would be carried out in a decentralized manner according to the conditions of the smart contract.

And at the same time, alongside this, the Foundation could act as one of the network’s independent clients and upload data (which contributes to public relations and marketing) at its own discretion.

This way, it does not prevent anyone from being a client of the network just like the Foundation. And it would relieve the Team and the Foundation from potential accusations of centralizing the network and interfering with its decentralized development.

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It was wrong to start token farming while the network was unusable or hardly used, big mistake.

At the same time who keeps accumulating?

The price should have been trading at fractions of a cent but it is not.

Is a big whale accumulating and just loading his bags to later push the price through the roof?

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Never a bad time to run some nodes and earn an honest ant.

Or fill your bags with cheep ant that’s on sale.

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There is considerable fear of FOMO on the <$0.01 ANT
Thats why there has not been more buying right now.

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The <$0.01 ANT FOMO is the reason I’m actually buying. It shows the amount of fear in the market, which usually signals we’re near a bottom. We’ve been on a consistent downtrend for a year now. Price down 90% since ANT was launched and almost 96% if you take the EMAID peak into account.

People are expecting another 66% down from here? That’s not realistic. Could it be a flash crash? Perhaps. But if you expect to be able to buy a significant amount <$0.01 you’re delusional if you ask me. If you can, that means the team abandoned the entire project.

1 years ago, if you told the community we’d have:

  • An up and running network that has performance
  • Real world applications running on top of it, including streaming
  • Close to no blockchain fees
  • No need for ETH at all with paymaster
  • Fiat payments and mainstream users not even knowing about Arbitrum one / ANT

We’d all would’ve mentioned the price would be near $10/ANT. Somehow we’re now months away from accomplishing the above and we’re talking about <$0.01. That’s not right. Sentiment can change with the blink of an eye, I’m betting on it by accumulating more. It does look like I’m one of the few, time will tell who’s the (mighty) fool.

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All true.
Personally I really think we are close to the bottom now and you have excellently summarised all the

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He directly jumps to fallacious logic and side-stepping the arguments instead of actually discussing the reason and evidence or even debating the potential solutions.

I am here to discover issues and solve problems. It seems David doesn’t want to discuss it, but to only play a victim?

I don’t understand what his motive is here, but his statement, to my mind, is not honest and only validates my concerns.

I completely agree. Technically, the network is looking more and more like a done deal.

The team is working on the most important issues with laser focus.

The community is getting into gear with app development, with more to come in the coming months I’m sure.

I am expectant that any buys at these levels will look incredible once the network starts to gain traction with new audiences. The sky is the limit if it goes viral, and even if it doesn’t, 20x+ seems probable in any case were we see a decent level of network success.

No guarantees of course; if product-market fit isn’t found, and marketing is unsuccessful, it could stay in obscurity forever… but I think & hope that’s unlikely.

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I am absolutely confident that David hears our arguments and proposals, and that he is willing to discuss the proposed solutions.

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One concern, is that although with paymaster people can pay to upload content without worrying about a wallet etc, most investments are done via token to token trades.

And currently to do so people need to go from main chains like ethereum where all the liquidity lives, bridge to another chain (arb) and then trade. Even 99% of crypto people won’t do this so until we migrate to ethereum (high fees) or to solana (low fees & rust contracts) then I don’t see big investment.

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You’re entitled to your opinion, but this doesn’t seem fair man. I’ve seen David interact with us in so many ways, admitting to things that can improve. He actually did a few hours ago regarding emissions on the Discord. He did become a bit more selective to who he engages and I cannot blame him. But I’ve never seen him shy away from criticism at most he ignores negativity.

As for Bux, she’s actively discussing things with the community. Most of the important topics (as the emission one recently) she to replies in-depth in a very timely manner. I’ve yet to come across a CEO that engages more with the community than Bux.

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Allow me not to discuss this. Every person has their own ability to communicate with an audience, and every person has the right to do so. And nevertheless, from a technical point of view, the project is actively developing. As a professional PR specialist, I will give a piece of advice to any person: do not expect from the community that your ideas will be accepted instantly; your ideas and solutions need to be diligently conveyed and defended, even if they are truly brilliant. Therefore, be patient and calmly argue your proposals. People still see everything and read everything. I sincerely wish that your investments in this project will repay you a hundredfold. :slight_smile:

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Well, we see things completely opposite. I’ve had coversations with David on this forum for well over a decade. He’s always turned tail when arguments didn’t go his way. He’s only gotten worse.

But all on me, I was starry-eyed with his early white-paper and dedication to get to the finish line. But … the signs were there, even back then that he wasn’t a very rational person and I should have bailed long ago.

I am dedicated to getting Storpunk working though. It will take a lot of time, but as I breathe, I will get the network I want in the end. I don’t need a savior in David.

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