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.
This doesnāt change the fundamentals. I hope you are right, but I canāt afford to gamble on hope when itās been in a tailspin for some time and my analysis above appears solid to me.
Fee reduction is helpful for uploaders, but I donāt see that bringing in many more users at all. Again, hope you are correct, but just donāt 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 isnāt 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 donāt understand the math and rely on hope. So they are selling overall and not incentivised to come into the fold either.
So itās a double-whammy on the value-drain-train.
Apparently there will be some information regarding emissions in todayās dev update (according to Bux on Discord). Hopefully it will provide some clarity weāve all been desperately seeking.
O well, as long as the pizza tasted good you wont stress about it too much. Itās when its a bad pizza,.. that will haunt you for the rest of your life.
Jokes aside, Iāve 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 youāre doing the right thing at the moment. By my gut is telling me to have faith in the team and their decisions. Itās 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 donāt seem bothered by short term noise. Thatās all thatās keeping me here, not gonna lie.
Iāve hodled for a loooong time - Iāve 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 Iāve been here. Still my current thinking is that the management isnāt 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, Iām only slowly selling, still not even half way there and will likely take a while.
@dirvine kindly shared his thoughts on this discussion on Discord. Iām very grateful for that. Iād 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 āthis 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 āin 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 š Ultimately though we have an internal massive drive for full autonomy for autonomi š thatās 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 networkās 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.
The <$0.01 ANT FOMO is the reason Iām actually buying. It shows the amount of fear in the market, which usually signals weāre near a bottom. Weāve 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? Thatās not realistic. Could it be a flash crash? Perhaps. But if you expect to be able to buy a significant amount <$0.01 youāre delusional if you ask me. If you can, that means the team abandoned the entire project.
1 years ago, if you told the community weād 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
Weād all wouldāve mentioned the price would be near $10/ANT. Somehow weāre now months away from accomplishing the above and weāre talking about <$0.01. Thatās not right. Sentiment can change with the blink of an eye, Iām betting on it by accumulating more. It does look like Iām one of the few, time will tell whoās the (mighty) fool.
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 doesnāt want to discuss it, but to only play a victim?
I donāt 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 Iām 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 doesnāt, 20x+ seems probable in any case were we see a decent level of network success.
No guarantees of course; if product-market fit isnāt found, and marketing is unsuccessful, it could stay in obscurity forever⦠but I think & hope thatās unlikely.
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 wonāt do this so until we migrate to ethereum (high fees) or to solana (low fees & rust contracts) then I donāt see big investment.
Youāre entitled to your opinion, but this doesnāt seem fair man. Iāve 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 Iāve never seen him shy away from criticism at most he ignores negativity.
As for Bux, sheās 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. Iāve yet to come across a CEO that engages more with the community than Bux.
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.
Well, we see things completely opposite. Iāve had coversations with David on this forum for well over a decade. Heās always turned tail when arguments didnāt go his way. Heās 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 wasnāt 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 donāt need a savior in David.