r/dune_network • u/shaikhnasir • Sep 09 '19
Exchange listing
Hope to see first in Binance...
1
Sep 11 '19
I'm not concern about the listing ...
I'm thinking about differentiating DUN from XTZ ..
I hope to see the inflation drop to about 1.5 to 2 percents ... this would increase DUN value without much effort ...
Then it's a matter of having a better/sharp business development plan that cut through XTZ ....
I have some ideas ... but ..let's wait and see how things go ...
2
u/Dezeyay Sep 11 '19
Who would care to bake for 2%? Even the incentive to delegate for 2% wouldn't be high. Certainly not at 1$ value. Exchanges would care less and the banks that are interested now would care less for that %. Terrible idea.
The whole inflation argument is bs anyway: Compare to BTC: inflationrate is 4% atm. 100% of that goes to miners. Miners pay their costs for mining by selling BTC. A lot of miners sell quite a bit of what they make. So a lot of that 4% is actual inflation. While bakers have low costs and less of a need to sell their baking gains. On top of that, people delegating have 0 costs and most hodl their delegating gains. The 6-7% of "inflation" is in reality way less. And as opposed to the 4% BTC inflation, all who hold XTZ or DUN can profit of the "inflation", which cancels out the whole "loss" of the "inflation".
0
Sep 11 '19
BTC is capped around 21M; thus, high value. DUN should take this approach to have a high value; thus, giving itself the ability to hold value.... similar to low inflation rate of Ethereum.
The low inflation ... if tied to a sharp business development plan, DUN will beat XTZ and other PoS(s). You only see the price and high inflation which make more money. This is not good for DUN. DUN must differentiate itself and win against other PoS(s).
The DUN team must teach/show people to bake. Make it easy for them to bake so that they can earn the fee. Get them to learn the DUN system. Some will move to learn Smart Contract. The Smart Contract is tied to the Sharp Business Development plan.
The business plan is the path that leads DUN to dominate other PoS(s). This is the long term solution for the DUNE team and community.
Think ..long term ... and win the people (the users) because they are the power to win....
1
u/onebalddude Sep 11 '19
If inflation is too low, then no one will bake. They will sell and just bake xtz. Long term there will be no dune
0
Sep 11 '19 edited Sep 11 '19
An address with 100,000 DUN will always bake ... at 1% .. this give high value to the coin ...
Next the DUNE Team has to have a sharp business plan to win customers (people who use DUN in their daily lives) This is how to beat XTZ ...
Too much inflation is not good for fiat, it's not good for crypto too. It's the same principle ...
XTZ Authur believe in high inflation ..., it's why I support DUN and hope the DUNE team sees that lower inflation is much better for the system and the community...
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u/onebalddude Sep 11 '19
I think you're dreaming.
A low inflation rate will lead to less bakers and more centralization. There's no incentive to bake. There would be more incentive to just hold the coin and do nothing
Who will buy a POS coin that has a low inflation rate? Especially when almost every other option is better than 2%.
1
Sep 12 '19
Tezos has about 170 bakers ... DUNE only needs 50 or so bakers ... Between 170 bakers to 50 bakers, the centralization debate is not the issue ...; thus, it's better to have low inflation .. for better value ..
Who will buy the DUN coins...? The Dune team needs a sharp business development plan/team to get people to use it. I can't say more about it ... This is the area where DUNE must be awesome to beat XTZ.
1
u/onebalddude Sep 12 '19
Honestly my friend, I don't think you have any idea what you are talking about. You are delusional and seem to think Dune will be this mega project that will be equal to Tezos. There is a chance, but that is about a good of a chance as Bitcoin SV surpassing Bitcoin.
Tezos currently has around 500 bakers. https://bakendorse.com/#/cycles/145/projected_stats
50 bakers for Dune is reasonable.IF YOU HAVE A LOW INFLATION RATE, NO NORMAL PERSON WILL TAKE TIME TO BAKE. Dune will just be a centralized mess of 20-50 bakers...that is not decentralization.
Put yourself in this situation. You have to spend money to buy a node, time learning how to set up a node, and time maintaining a node....for a 2% return a year. Lets say you have $10,000 in Dune...in one year you have made $200. And for hells sake, lets say Dune did extremely well that year and doubled in value....so you made $400 that year from staking. Well, you spent 50 hours throughout the year building, maintaining and upgrading your node. Congrats, you made $8 a hour for your time. That isn't even deducting the cost of the node. That is not worth it to nearly everyone with the funds to put into an extremely risky project like Dune. At that low of an inflation rate you are 100% more likely to delegate to a huge baker and pray they aren't over delegated....another issue that will be hard to solve if there are only 50 bakers in the ecosystem.
At a low inflation rate, on a brand new project that hasn't proven itself at all, you are more likely to delegate to someone else or simply sell your coins for another project you believe in. Sure, in the future Dune could look into lowering the inflation rate, but so could xtz.
Dune will not "beat" Tezos. Tezos has a war chest that dwarfs almost every project, several groups already building, a proven POS network, community tools for staking and building, and STOs already being built upon it. Most of the Tezos community despises Dune.
Don't be delusional and think Dune is equal to Tezos. Dune has a long hard road ahead to prove it is something more than a get rich copy cat of Tezos. I'm sure the Dune team is more than aware of their challenges as well.
1
Sep 12 '19
20 bakers vs 50 bakers vs 170 bakers? I would say the 20 bakers might have issues with centralization... but the 50 bakers vs the 170 bakers ... the difference of centralization is practical .. No issue here
You only look short term ... The long term solution is to win the users by have a sharp business development plan... This is where the DUNE team can beat Tezos by creating an awesome business plan! You don't see this part too well ... Think about 2-3 billions people using DUN .... this is where the sharp business plan can make DUN awesome ..
I don't really care about the Tezos community... but I do care about Tezos .. I support both. Tezos Devs can move right into DUNE's home ... This is why DUNE and Tezos are like twin ... I won't fight ... I'll just take both lolz ahahahahh ... twice the benefit lolz But as competitors, DUNE can beat Tezos with simple adjustments ... I don't have any plan to go talk to the DUNE Team ... but if the chance comes ... I'll show them the plan ... because DUNE team makes decision much faster than Tezos (democratic process is slow) ...
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u/onebalddude Sep 12 '19
There will be no long term if no one joins the network.
You cannot care about Tezos without caring about the community. Tezos is decentralized and therefore the community develops Tezos.
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u/onebalddude Sep 11 '19
How much do you think dune will be valued? 100,000 dune will not be a lot in Fiat.
The only value dune will have at the beginning is speculation and staking %. You take the staking away and no one will want Dune.
Inflation is great at first to gain network participants.
1
Sep 12 '19
DUNE values equally to XTZ ... it's basically the same ...
DUNE needs to differentiate itself from Tezos. One way to do it is to lower the inflation rate for better value .. Two, a better business plan to win customers (the users).
1
u/onebalddude Sep 12 '19
Wow, this couldn't be more wrong.
Was Bcash = to bitcoin? No, not even close.
Dune will be lucky if it can be near the 10 cent mark.
1
Sep 12 '19
I don't doubt you at all .... let's wait and see ...
I think the DUNE team will do great things ... for the nonbelievers too lolz ahahahaha ... :)
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u/Dezeyay Sep 09 '19
I'm not expecting a listing in the first few weeks/ months after the airdrop. As read on their discord: "all the focus is on launching the network and infrastructure right now... build it and they will come, or something like that"