@btcless we could just shot ourselves in the foot and have sifu rug pull us if you really want to tank the project. that would work a lot faster than adding fees just to fuck over whales sniping…which would also scare away a ton of potential investors.
I agree with not adding fees but i agree with OP in the fact that we need a way to prevent whales from manipulating the price because that also scares off investors. Take strongblock for example. You buy a node and you get returns from it. You cant sell the node. I think something like that is a good thing, but we’d need to find a way to make it work with this system.
@adamg6284 you mean a literal ponzie scheme where you cant pull your money out…antiwhale sentiment is not good. we need their money to make wonderland work.
This is strongblocks timeline. Its been out since aug 2020 so its been pretty stable and its model is very similar to these rebase tokens.
You can call anything a ponzi including Wonderland and social security lol.
And strongblock gives you daily relatively stable returns and has been doing so for a while now.
@adamg6284 if you cant pull all your money out at any given time, its probably a ponzie scheme. if i were to be told i couldnt sell my time…i would never buy more. ever.
You might not but someone else would that wants a more stable return. Also, if you think about it, if you’re down from your initial investment, you’re sort of locked in anyway, aren’t you? I mean, look at it this way, you put in 20k and you make that back and more in a couple of months OR you put in 20k and now its down to like 15k and you have nothing to show for it except for a loss. It’s something to consider.
idk. ive had a hard enough time explaining rebases to people without them thinkning its a ponzie. the first thing they say is “you should see if you can pull all your money out. like just to see if you can.” and if i tell them “oh you definately CANT” i feel like that will sour and end the convo 100%
You and I both. It’s not for everyone. Those that want to jump in will do so. And like I showed you earlier, the timeline and results from strongblock are proof enough that it works. Also, we have investments in yield farming at like 50+ mil a year and the sports betting which will help grow wonderland even more. We’re bigger than strongblock and we can achieve bigger results but we need to implement stability safeguards.
i don’t know man. whales don’t like locking their money in forever. i feel like an announcement like “you cant sell your time starting February” will cause all the whales to jump ship, along with maybe 50% of the small frogs because of the price drop that it’ll cause. without whale money we cant grow you know at least not to the heights we want you know? sorry my keyboard is fucked if theres a lot of typos
Makes sense. That could definitely happen but our current issue is that whales purposely tank the price right now to scoop up time cheap. In the stock market that would be illegal but crypto isn’t regulated.
Any kind of change will affect the price. What about when they reduce minting or get rid of it altogether. Im sure that’ll affect the price but eventually it’ll recover.
i mean the whole thing is the whales are gonna jump back in to raise the price back up after January. so long term it doesnt matter what the whales do as long as they’re involved. scaring them away for good isn’t really a solution IMO and not letting whales play their stupid little unfair games will scare them away. its what they do. this locking in stuff is only really good for the paper handed
I guess. It doesn’t matter to me since im in this for the long term anyway. Only thing is your average investor will get spooked but thats just part of the game and not everyone will win.
getting rid of minting should help because that’ll cap the TIME/WMEMO market. it’ll get rid of dilution but also have a secondary effect. one which should effectively achieve the same goal as making it so you cant sell TIME/WMEMO because anyone who sells a huge chunk wont be guaranteed that they’ll be able to buy back in. limited supply, means huge sell offs and buy backs wont work as well because a whale can accidentally jump out and not be able to jump back in. once that happens itll all be about the revenue shared airdrop’s based on how much wmemo you’ve got. basically the same type of constant stable returns like you were talking about because instead of more memo, youll get like MIM (im fairly certain)
What could be a reason for not shortening the rebasement periods (to every 4h or every 1h) ?
At worst, it would be useless, at best it would discourage arbitrage trading before/after rebase.
Also doing something like HectorDAO might help where they set a warmup period and lowered the apy to discourage rebase jumping.
@adamg6284 the fact is that the market is down. none of these things are going to help if say BTC is down 40%… the entire market cashed including strong coin nand hector DAO. changing a working protocol isnt going to help when the changes are modeled after projects that STILL MIRROR BITCOIN. if hector dao and stong coin both dipped a ton , like wonderland, when Bitcoin dipped, then adapting measures from strong coin or hector is still going to leave us seseptable to bitcoin falling. in short these change wont dooo anything except piss a ton of people off and may even tank the project. the project you mentioned are still tanking… and they never reached Wonderland heights because of the very changes you are proposing. do you really want to be a 3 digit DAO or a 4 digit random coin thats still getting destroyed by BTC crashing?
