Not an oil thread

What went wrong?

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the answer is the same with all failed crypto - pajeets and chinks

I thought we were pajeet proof fren :(

exit scam by user devs

>2BTC volume.
>1 exchange
>pajeets spaming about buying.
>ridiculous use case.

This shitcoin is for leftoids niggers who believe in fairyland.

I am financially ruined.

Anyways its to early stage to assume anything to. So easy on a sips boyz

Supply distribution is all kinds of fucked up right now, and it will take years for devs to hold less than 50% of the supply. Longer term, the supply is actually unlimited, in which case the price absolutely needs to go up for the token not to be devalued. For the price to go up, the project has to succeed, the token will have to have a lot more exchanges, anonymous devs will have to still be around, which I highly doubt, and the token itself will have to find usefulness, because right now it has zero use, aside from miners trying to sell it.

On the risk scale, this project is as risky as it gets. There is a 99% chance that you will lose your money in the end, if you're a holder.

People also fail to see the difference between IDENA's blockchain and it's DNA token. You can not buy the blockchain. You are actually buying the token that has no value. It is not used for anything.

And, finally, there is a HUGE sell pressure on that one exchange. Miners are desperate to dump.

Are devs leaving already?
Yikes.

That's what you get for gambling on a low volume shitcoin. You might as well wait, and hope that it rebounds.

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imagine buying into anything with user devs.
"b-but bitcoin had user devs"

It's funny how quiet the shills suddenly are. Wouldn't there have been at least 5 IDENA threads running by now?

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Hopefully this means less miners and higher rewards so I can accumulate

cant wait for the verification on wednesday and additional free money for my flips

Yes, all that effort to run away with $5k
Actually it was market dump from some desperate guy who mined since 6th epoch

There's like 1-2 threads right now as there's always been outside a few pajeet freak outs

PNK is next

I have exposed them two weeks ago, they admitted that everyone can run 2 human nodes easily, so the whole usecase is not even there. I don't feel sorry for anyone who fell for this

not really, it's proof of humanity not unique humanity. So even if one human can run 2 nodes, you still are certain they are not bots

And both of them are pointing out the 40% price drop. Those aren't the regular "sirs, please buy my bags" threads.

>proof of humanity
I though that this was a Proof of Person (as in, a single person) concept. Or does the name change depending on preferred narrative?

Proof of person, human being. The important thing is being human and not a bot. By your logic one could argue even if running one node, different people could operate it in the same household

Unironically this. The whole point of PoP is guaranteeing humanness, Idena does this regardless of if one person runs 2 nodes

So whenever shills talk about "muh node numbers" we can safely divide that number in half, and then use it as an absolute maximum amount of individuals who run nodes.
Do we even know how many nodes anonymous devs run?

What's the benefit of "guaranteed humanness". When does the DNA token they you mine actually comes into play, because right now it's worthless?

>What went wrong?
1) their blockchain was annihilated by a literal child
2) devs refused discord trannies proposal change and one of them ragedumped their whole huge bag

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>ragedumped
Oh, shit. Is this what happened?

And the 14-year-old successfully attacking the blockchain was hilarious. This is a serious project, right? :D

>Oh, shit. Is this what happened?
yes, there were two proposals on how to deal with bad flips and they refused the first (which was basically attempting to reduce as much as possible the use of flips sent by newbies, in favor of flips made by humans)

What'd they go with?

they just refused it explaining that it would be a too big amount of flips to get rid of. They accepted the second proposal on increasing the minimum amount of flips needed for humans AND the number of keyword pairs available for each epoch

Thanks for the explanation.

HAHAHAHAHAHAH

ever since i saw that pajeet yesterday tell a high functioning english speaker he spoke english funny when asking for an invite because he didnt recognize someone writing formally i knew this token was a complete failure. you couldnt make this shit up, a shill trying to vet people being western and then telling them they speak funny

That faggots english wasn’t even bad, I was the other one in that thread spectating that happen. Being dramatic as fuck desu.

How do you run two nodes

Even if 10% of nodes are 2 identities (which is a high number IMO) over 1500 single nodes still are run by a single entity. It’s still in testnet, the tech is novel but proof of identity will be huge in this decade and Idena has first movers advantage. Usecases will arise which is what happens with all successful crypto. Tech first, usecase and adoption later