Starting a crypto project • Hacker News Board

Re: Starting a crypto project

#371

Post by gge » Sun, May 09, 2021, 7:11 AM UTC

arberx wrote: post #236

jude- wrote: post #216

Earlier quoted context omitted.

Thank you for reaffirming my point! If you want your token traded on uniswap, you'll write the integration code pro bono , you'll pay a fee (a transaction fee to deploy it), and Ethereum miners (who run uniswap) skim transaction fees off of your token trades in perpetuity.

There's no "integration" code-once your token is on the blockchain if can be traded on uni once there's enough liquidity. Using the network is not "skimming" transactions.

Dont reply to jude-. Hes an idiot who has no clue what hes talking about.

Re: Starting a crypto project

#372

Post by sendbitcoins » Sun, May 09, 2021, 2:14 PM UTC

graeme wrote: post #154

sendbitcoins wrote: post #40

Earlier quoted context omitted.

Nassim could argue that its a "greater fool machine", but its literally not a ponzi.

What’s the distinction, and do you have a source formalizing that? I had always understood a ponzi as being something paid out by later investors, and where you had a plausible reason to believe in increase in value. Here the plausible reason is “bitcoin will take over the financial system and everyone will need it” or “bitcoin will be the new store of value and everyone will want it”. In either event payout necessar…

Bitcoin makes no claim of being an income-producing asset. All non-income producing assets { gold, wine, art, baseball cards, air-jordans } are bought as a store-of-value with the hope of selling it at a higher price.

Ponzi appears to be an income-producing asset, but the income is paid out from the principal.

Re: Starting a crypto project

#373

Post by dang » Mon, May 10, 2021, 8:26 PM UTC

gge wrote: post #371

arberx wrote: post #236

Earlier quoted context omitted.

There's no "integration" code-once your token is on the blockchain if can be traded on uni once there's enough liquidity. Using the network is not "skimming" transactions.

Dont reply to jude-. Hes an idiot who has no clue what hes talking about.

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