Redpill me on RPL please Yas Forums

Are you guys giving free coins?

The thing is, is that you dont need the token to join a pool (just like you dont need to have token to stake on CB or binance). But to run a node, you have to pay some RPL. Which is a dynamic ratio, its 3 RPL for each Ether staked but it can change based on the utility of the network (so in the future it can go to 1 RPL to 1 ETH).

Point is, as a node operator on Rocketpool, you gain additional income (the fees from the people joining your node) on top of the already established ETH reward you would get for running a node. So this will attract people to run a node on Rocketpool.

People that join a pool, will have the safety of having a decentralized pool network which means your exchanges can't fuck you over with taking your coins or forcing kyc.

Again, I'm not saying that Rocketpool will overtake Coinbase with staking, that's straight up delusional. But, it has it's place in the cryptospace just like DAI has it's place in crypto outside of Tether/USD/USDC (or whatever stablecoin with more liquidity).

>interesting project
>worthless shittoken

Choose one

Its a governments coin what ever you do with it Police and tax office have information about it.

Something opposite to cash where your transactions are totally anonymous with out third party approval.

>Choose one
It is though
You're clearly a bagholder but the RPL token is not genuinely required to use the network

it's artificially required, it's not a security measure, it's just a tag along to justify the existence of a multi million dollar ICO

Anyone annoyed enough by the idea of a useless shittoken being attached to a pretty nifty project, can just rip it out, and reupload the contracts.

but I don't expect you to understand any of this, to the moon and all that

During Phases 0 and 1 of the Ethereum 2.0 rollout, withdrawals from the Beacon Chain will not be implemented. Rocket Pool aims to provide liquidity to node operators and users through the design of the rETH token, so they can access their rewards before Phase 2 is launched in the future.

When a minipool’s validator finishes staking on the Beacon Chain, the minipool is marked as ready for withdrawal, and rETH tokens equal to the validator’s final balance are minted to it. The node operator and users staking in that minipool can then withdraw their share of rETH tokens from it and spend them as they wish. rETH tokens are backed by Beacon Chain ether 1:1, and should trade on the open market for slightly less than 1 ETH in value.

When Phase 2 of the Ethereum 2.0 rollout is launched, users holding rETH will be able to swap it for Beacon Chain
ether via a contract on a shard. This effectively burns the rETH, removing it from circulation.

readthedocs.org/projects/rocket-pool/downloads/pdf/latest/ (page 5)

>bagholder

If you would look at the chart you would see it didn't pump n dump like most of Yas Forums flavor of the month shitcoins. Yet.

>Anyone annoyed enough by the idea of a useless shittoken being attached to a pretty nifty project, can just rip it out, and reupload the contracts.

Are you referring to creating a pool outside of Rocketpool? You can write a smart contract and get users to send their deposits to it, until it hits 32ETH, sure. But then, you have two main problems. 1) Who's going to run the node that does all the validator duties (attestations etc) for that staking deposit and who's going to hold the withdrawal keys for that deposit? Do you trust one user in particular? If so, which one? You'd have to be very sure they could be trusted, as they could easily run away with all the other users ETH that made up that deposit.

An easier way to do this, would be to use RP's 'group' function. It's essentially like creating your own personal pool which you can set a fee on (for users onboarded through it). Rocket Pools node operators then do all the validator duties for it and no single user can withdraw anyone elses funds.

If you talking about forking:

You could fork the repo for sure, but all current node operators would continue to use the main RP contracts. This is essentially a fork of Rocket Pool, so you'd need all the current node operators to switch over and also a mechanism other than RPL to prevent node operators DDOSing the network. It would be doable, but very difficult.

Also the smart contracts are open source, so anyone can deploy their own set of contracts based on these if they want (as you said). But the smart node software is under heavy development and isn't open source at the moment, but will be in the future. In order to fork RP, you'd need to deploy a new set of contracts and get all current node operators to switch over to them using a modified version of the node software. So it would be possible, but very difficult.

utter nonsense

>Who's going to run the node that does all the validator duties
I completely forgot who holds all the private keys (that hold actual ETH and not shittokens) in your system
it's RPL bagholders (shittoken bagholders)

Great, now that I know that, I'm gonna pay this project even less attention.

Ciao.

>utter nonsense

Did I hurt your ego after you've discovered I could actually counter your weak fud? Should have accumulated earlier, we are already done.

Bye bye incel.

Thanks both, interesting discussion. The projects sond legit, just thinking if I shouldn't just swap for ETH

have both

trying to imagine just how salty you might be this morning user

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Already mooned

> already mooned
ya... it gained another 7% since I posted my screenshot
how much have you lost in crypto ?

> Ciao.
Ya, beat it, mong.

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They don’t even have a decentralized oracle solution. Hard pass. For me, it’s Chainlink.

> trying to fud RPL with LINK
the absolute state of stinkies

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latest acap pump and dump

sure is pumping
sounds like you got left behind ?
not the end of the world user.