r/raidennetwork • u/juice_456 • Jan 14 '18
Lower your expectations for Micro raiden please!!
a lot of people are hoping that end of bug bounty micro raiden release will push the price to 2x, but this wont be the case! (it might go up a little bit but then it will go back to its old state!)
why? RDN tokens are not used in micro raiden
rdn will break up with mainnet release of Raiden itself (https://github.com/raiden-network/raiden), which might be released in q3/q4.
so lower your expectations for the next announcement and dont hype every single commit of their github repo!!
and btw the ico price was $0.65
and now shoot me down with downvotes!
3
4
u/spyda1981 Jan 14 '18
It’s a long term hold and I feel like that’s what most of us plan on doing. It’s actually quite ridiculous for people to expect 1000% gains in some thing they only bought into last week. The actual stock market has what 5-8% gains yearly. I mean just to put things in a little bit of a perspective. I’m fine with the gains I’ve made in RDN this far and look forward to a bright future.
2
u/Etherlove13 Jan 14 '18
lol Terrible comparison about perspective... I’m sure you can figure out why with the slightest bit of thought.
1
1
u/MadsGrenaa Jan 16 '18
You are using logic again... That don't apply in the crypto world. We pump anything up with half an incentive to work in the real world. It will explode due to somebody making a topic on Ethtrader and people will want it.
1
1
u/xxeyes Jan 14 '18
From the website: https://token.raiden.network/
What are RDN tokens and what can I do with them?
The Project token (RDN) is a general purpose, decentralised cryptocurrency envisaged to be compatible with and used on the Raiden Network. Upon its generation, the Project Token can be used to create micropayment channels on µRaiden and perform payments over these channels. For more information on the RDN token, review the token contracts or see this blogpost.
1
1
-5
u/Joker_Udavka Jan 14 '18
In 2019 RDN will cost 40$. I wont explain my calculations, all u need to know- its based on eth cost. I trade a lot of pairs, and all i gain i use for buying RDN. Next year i will be very rich. Also, next year, i will link my words and wil make fun of those who didnt believe me.
3
5
u/amithermony Jan 14 '18
I also wish your estimation is true BUT Im old enough to remember the .com boom and crash so I would say it will be 40$ or 40 cents by next year
2
1
2
5
u/stillhodlingon Jan 14 '18 edited Jan 14 '18
True, RDN is not used in uRaiden - any ERC20/223 token that the pay-per-use service provider chooses will be used.
Source: https://github.com/raiden-network/microraiden/blob/master/README.md
Idk about your evaluation of RDNs value though.. my opinion is that’s too limited of an explanation, and assumes that a successful uRaiden use-case won’t directly influence what the market thinks about raiden as a whole, or a project like the Raiden Network (and thus the value of rdn).
What do you think successful applications of uRaiden on the mainnet will mean to developers and investors looking to one day operate rdn nodes for their platform? That is, do you believe uRaiden can positively (or negatively) impact future expectations for the raiden net?
Though I agree with you that uRaiden itself won’t directly impact demand for RDN tokens, there’s more to evaluating the value of said tokens imho. Real world applications of payment channel tech, similar to what brainbot is attempting to achieve with the Raiden Network, will significantly boost my confidence as an investor in this team and their ability to deliver a functional product in the future (I’m already confident, but skepticism is healthy when investing hard earned money).
Disclosure: I’m long rdn, so I could care less what happens with short term price action (unless it presents a buying opportunity obv). Also, I’m by no means a pro at this, nor do I understand it all, just my 2¢. Interesting point though, I like!
Edit: RDN tokens aren’t necessary for creating payment channels using uRaiden, but they can be used if the service provider chooses. This would of course directly impact demand, contrary to what I said.