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Archived threads in /biz/ - Business & Finance - 4862. page

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Why am I posting this? I believe in the dev team and think Ark has the potential to be top 5 coin in the near future. More awareness will help that happen sooner.

Ark's goal: "To make blockchain technology easy for consumers".

* Ark is fast - 8 second block times.
* Ark is designed to be simple to use for normies. Even the wallet that is currently being redesigned is still better than most other wallets.
* Ark dev team is 30 man strong with impressive achievements.
* Ark is under very active development in multiple areas. Check github https://github.com/ArkEcosystem
* Ark has a very ambitious vision, check the roadmap: https://ark.io/roadmap/
* Ark has a small market cap ($90,000,000) relative it's potential and the quick development progress.
* Ark has not had a crazy 10x increase.
* Ark has a good visual design, a neat symbol Ѧ and strong marketing.

====== SmartBridge ======

Ark does not provide direct support for dapps or other fancy shit meme blockchains overload themselves with. Instead, Ark will bridge with other networks to exchange information. This includes existing networks like Ethereum and Lisk and side networks developed to supplement Ark with extra functionality. This is also the same mechanism that will be used to integrate Ark into real world transactions.

Read more: https://blog.ark.io/smartbridge-technology-by-ark-ab3e97a081db

====== BlockChain ======

Block time: 8 seconds (can be decreased with with upgrades to the core)
25 transactions per block (can be increased with a soft fork)
Voting mechanism: DPoS (Delegated Proof of Stake)

> How does does DPoS work?

People can register delegates for a fee and run special forging nodes. Forging nodes are responsible for forging blocks. Typical users can vote with their Ark for delegates for a one time small fee. The delegates with top 51 votes take turns forging blocks and receive 2.0Ѧ for each block + all the fees from transactions in that block.

part 1/2
71 posts and 7 images submitted.
>>
These delegates typically share the Ark they gained from forging with the voters. The biz delegate will share 100% of the profits for the first 50 days.

Each delegate makes a base of 422 Ark per day. If you voted and have 1000Ѧ and the Delegate has 900,000 voted ark, you will gain 0.47Ѧ (422Ѧ * 1000Ѧ / 900000Ѧ) per day by doing absolutely nothing.

Read more: https://blog.ark.io/dpos-and-ark-voting-explained-68596a171ca1

====== Fees ======

Transaction fee: fixed 0.1Ѧ
Vote fee: fixed 1.0Ѧ
Create delegate: fixed 25.0Ѧ

====== Coin distribution ======

Initial supply: 125,000,000Ѧ
75% [93,750,000Ѧ] - Sold during the ICO
15% [18,750,000Ѧ] - ARK Founders Team
10% [12,000,000Ѧ] - Managed fund to provide healthy long term growth, including for bounties and OTC exchanges.

Inflation per year: 7,885,000Ѧ (6.31% 1st year, 4.02% 10th year)
Current increase from inflation: 1,757,004Ѧ

====== Links ======

READ THE WHITEPAPER: https://ark.io/Whitepaper-ARK.pdf
Official site: https://ark.io
Official Ark Slack: https://ark.io/join-ark-slack/
Discord: https://discord.gg/ZyM6FZy
Acquire Ark: https://bittrex.com/Market/Index?MarketName=BTC-ARK
CoinMarketCap: https://coinmarketcap.com/currencies/ark/

This original post is a product of my concentrated autism. If you found this helpful, send me some ark AdDxxU4cBG73U89ksF9Q5J8jKch3eVH9U6
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This is my crypto waifu, but like many coins recently, we need some good news to recover from getting ravaged by the bots
>>
Congrats on rank 15, I popped a bottle of champagne even though I have cuck work today!

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Guys, listen.

There is literally a whale pushing the price down to accumulate. He has been doing this the entire day and his support is getting lower and lower. People keep overclassing him. One of these moments another whale who is sick of it being pushed down eats that 2 BTC sell wall and that faggot is out of the game.

BUY LISK
12 posts and 5 images submitted.
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must be that same whale pushing down the price of DGB
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>>2390051
no
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why is lick being shilled right now?

Hello. ETH will dump 200$ later tonight, down to sub 100$ somewhere!

100% gonna happen tonight! wait and see!
37 posts and 5 images submitted.
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>>2390018
I dont know who to trust
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cool, since i bought sub 100, i'm not worried...illj ust wait for it to bounce right back to $300
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Never sell ethereum. Atleast for now.

The market is now stabilizing after the spike, we saw this on may 24-26 and its now happening again.

Its going to move up & down around 10% for a day or two, then the capita is stablized enough for another rise in value due to more buying than selling power. The weak hands sell now.

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Fellow wagecuckers, what's your job and what are you doing to try to escape it?
44 posts and 9 images submitted.
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>>2390011
Banker and I'm not. I work to sustain my life and for the benefits obviously. All else for me right now literally goes to crypto and my house I just bought.

>inb4 hurrrr renting is better than buying
No. I'll never live next to anyone again. Having a country house is god-tier.
>https://www.youtube.com/watch?v=gpuh1WE-RVw
>>
I work as a waiter in a hotel.

I get no respect from the customer or my boss. Everyone at work is an insufferable normie that likes to take selfies all the time.
>>
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I'm a student, when I get out I'll probably be in an extremely stressful job because I'm a stupid autist so I'm trying to make phone apps and crypto investments to avoid what is going to be LITERAL hell for me for about ~40 years

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Hey /biz/,

I'm looking at other alternatives to invest my money for retirement, and I was wondering if investing in a Vanguard 500 Index Fund would be a good idea. Currently I contribute 3% to a 401k and Roth IRA (401k is employer matching), but I don't think they're enough for securing my future.

Also one other question: can I dump my distributions into an IRA so I don't get taxed on them?

I have enough in my savings to cover the $3k minimum investment for the Vanguard 500 Index Fund. Just wanted to get some opinions from /biz/.
30 posts and 4 images submitted.
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I was going to do the same thing and put 3k into VTSMX.

it was at $58 when i was thinking about it 2 months ago its at about 61 dollars now.

I think it's fine if you don't know of any stocks that can perform better or don't want to bother with any risk/research.

it will at least keep up with inflation.

idk anything about taxes sorry. I'll have to figure it all out soon enough.
>>
>>2390003
>Vanguard 500 Index Fund

What is the difference between VTSMX and VFINX?
>>
>>2390050
how about you read the prospectus of either before actually investing in them

crazy concept in this crypto bubble, I know

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Should I eat a bullet already or is there any hope ?
13 posts and 2 images submitted.
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>>2389969
>Should I eat a bullet already
That bullet is going to grow into a shotgun slug soon.
>>
>>2389969
the point where it goes to 100 sat
>>
Despondency. Of course, however, that is when you buy in. Think about it.

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Sitting here on a bag of ETH and thinking about the future and one thought that struck me was: Is there even a functional DApp on the ethereum blockchain yet?
109 posts and 11 images submitted.
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ANT
>>
>>2389840
Nothing works in blockchain. Its all shit. But the normies dont know yet. Shh
>>
>>2389840
>Are there any dapp demos
>Is there a lightweight offline wallet that doesn't require me to download the whole blockchain
>How many of the actual holders can program smart contracts?

Go on...

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I thought it was a bubble, but now I'm not so sure.

Convince me one way or the other, /biz/
48 posts and 3 images submitted.
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>>2389653
tbqh, not sure either. I think we need an east asian perspective on this matter. If it keeps getting adopted by people around the world, this shit won't be a bubble. Allegedly Korbit started seeing some major traffic. It won't be a bubble as long as there's more flow in from different places.
>>
>>2389653
There's no such thing as currency bubble you fool.

Currency is worth whatever people decide it's worth.

Bubble have to do with things that have intrinsic value. There can be a car bubble because you can say what a car costs to produce and then you can say it's overpriced and there is a bubble.

You can't say USD is "overpriced" USD is just a currency and it's price is whatever people decide it is. It has no intrinsic value, it's price is purely decided by trust and market.

Same with crypto. You can argue crypto should be worth more than USD because it has clear technological advantages, but you can't say it's ever in a bubble.
>>
>>2389981
You're basically using semantics to argue that it is impossible for crypto to be a bubble. Which is just true no matter the logical gymnastics you try to pull.

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I FUCKING DID IT, I SOLD. Y-YOU CAN LAUGH AT ME
40 posts and 6 images submitted.
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>>2389572
you sold at a profit didn't you?
>>
Fiat loss?
>>
gj, anon. welcome back.

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>he sold his bitbean before the bitbean game released
seriously hope you didn't weak hand those beans and you've kept them staking this entire time
15 posts and 6 images submitted.
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Got 7,5 million beans. No problems here. I will sell half of it next year for a minimum of 0,15 usd.
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What is the Bitbean community's opinion of Dogecoin?

Seems like you're sharing the same turf.
>>
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>>2389523
we are going to flip those old and busted 2010 memes and replace them with our beans

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How high can this fucking shitcoin go?

I hope none of you fags have any large sums in it. You are aware supply is uncapped meaning the devs can just print more ETC, sell when they want and cash out while leaving all you fags holding bags.

Don't forget ETH is supported by Putin and all sorts of Russian mafia. This would explain why ETH has been pumping without stop for so long. Just Russian billionaire money coming in for the pump, but make no mistake, the dump will happen.


Mark my words, one day you're going to wake up and see you've been dumped on and left holding the heaviest bags on earth.
24 posts and 3 images submitted.
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>>2389475
is it still possible to walk like that on the west and don't get fikki fikki?
>>
lol like all of the criminal activity on the deepweb is supported by bitcoin, who gives a single fuck desu
>>
>>2389475
>muh russia

hilary pls

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>>1$ pero 250-280 captcha solved
>>maximum of 10$ earning per account daily
>>bitcoin(only payment method)

comment your email, ill reach you
14 posts and 2 images submitted.
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>>2389442
People really do this?
>>
[email protected]
>>
>>2389442
[email protected]

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What are your expectations about LiteDoge?
How much do you expect it to reach?
How many coins are you holding At The Moment?
Are you holding it at an exchange or in your wallet to stake and extract more juice out of it?
15 posts and 2 images submitted.
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2.6 million ldoge. I get about 500 per day from staking? Is that normal?
>>
OP here.

>What are your expectations about LiteDoge?
It's a meme coin such as Doge, and dogecoin has gained a lot of attention, Litedoge might do the same.
>How much do you expect it to reach?
About 250 Sats.
>How many coins are you holding At The Moment?
4.3 Million.
>Are you holding it at an exchange or in your wallet to stake and extract more juice out of it?
Staking in my wallet.

>>2389489
I am also making 500, but two or three times a day.
>>
>>2389522
When do you think it will gain popularity? What do you see driving it? I haven't been following it closely. (I mostly bought because I made loads off original doge and like fluffy shibes)

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CLAIMED
14 posts and 1 images submitted.
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>>2389266
something like pepe cash, but waifu cash?
>>
>>2389266
>>2390077
dubs only thread?
>>
It will be a fail. Too overhyped. The key to get rich is investing on things that go under the radar (like the STRAT ICO).

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Bancor kike slut

BUY BUY BUY BUY BUY BUY
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>>2389087
buy what? the ICO has not started yet.
>>
reasons why bancor will be successful:

1) qt kike slut always makes good impression on the press, a lot of cryptocurrency magazines will drool over her and give her shitty project a 10/10 review only in order to get laid. it will be gamergate all over again, hence it'll be named cryptogate. this is the best attempt to hijack the cryptoworld so far
>>
Jeez she is so goddamn beautiful.

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