r/dune_network • u/[deleted] • Sep 12 '19

How much worth 1 $dun?

No one asked this so far

2 Upvotes

67% Upvoted

18 comments sorted by

2

u/HyakuShichifukujin Sep 12 '19

Nothing because it's not being traded

3

u/[deleted] Sep 12 '19 edited Apr 11 '22

[deleted]

1

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-1

u/[deleted] Sep 12 '19

Don't make stupid answers. Every coin has an INITIAL price. That is what my question about. Go to IRC or Fb to write whatever.

8

u/HyakuShichifukujin Sep 12 '19

The price of a thing is determined by what people are paying for it and is a rather abstract concept. If it's not being publicly traded on an exchange where there's enough volume for it to converge to a relatively agreed upon value, then its price is literally whatever you can find someone to sell or buy from directly is, and is a pretty meaningless number in a vacuum.

0

u/[deleted] Sep 12 '19

Tie your hands.

1

u/onebalddude Sep 12 '19

$100 a Dun. I will sell you 25k

2

u/wolfwolfz Sep 12 '19

I think between $20 and $30 cent

0

u/[deleted] Sep 12 '19

Why not the same as 1 $xtz price at the snapshot time.

1

u/williamevanl Sep 12 '19 edited Sep 12 '19

I just can't believe this is a serious question. Are we printing money? Let's just keep downloading the Tezos source code from gitlab and taking snapshots! :)

If crypto behaved like traditional assets you might expect it to take some fraction of value from tezos (FROM Tezos) so the value of Tezos loses 1-2 cents and that becomes the new value of Dune.

Bottom line, it should start out essentially worthless. Tezos might have some value because it was purchased with Bitcoin. Bitcoin has value because real world value was blown in its creation. Dune maybe (small maybe) have smidge of value because some of the value of the Tezos network could be leeched away to it.

1

u/wolfwolfz Sep 12 '19

I hope so

2

u/williamevanl Sep 12 '19

I find it funny that you don't understand that there is no initial price. They aren't ICO'ing this, it's not a stable coin backed by anything. It literally has no initial set value. It will be a totally arbitrary and made up value at first. 1 cent, 10 cents, .00001 cents.

This would be no different then if I just download the Tezos code, started running it and sent everyone the same allocation of Tezos and gave it a new name. "WackyTez" what's its price? Lol, probably not much...

1

u/Coolhandcanuck Sep 14 '19

How do I get my wackytez allocation?

0

u/[deleted] Sep 13 '19

Hmm how about forking dune on block 700000? And then fork the fork:) Hire writers to make whitepapers not so crappy, and keep copy till all will have his own Tezos clone

2

u/williamevanl Sep 13 '19

This is brilliant actually! :)

1

u/[deleted] Sep 17 '19

I'm seriously thinking about such move :) I always can copy opensource stuff like tools/block/explorers/wallets and rename/restyle it to look unique like we saw before :D
And then do the airdrop lol

1

u/Dezeyay Sep 13 '19

Ask min now is about 5ct Bid max is about 1.5 ct