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Showing 8 of 8 results by Simian Finance
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Board Tokens (Altcoins)
Re: [ANN] [SIFI] SIMIAN FINANCE - 5% fluid yield, NFTs, Rug-Proof, Save 🙈🙊🙆🙉��
by
Simian Finance
on 29/04/2021, 09:29:00 UTC
A mapping to Matic/Polygon has just been created, if you don't want to pay fees you can buy it here:
https://quickswap.exchange/#/swap?inputCurrency=0x41d36d3bd6297fE288E31C75De8B7453de9Daf90d
Post
Topic
Board Altcoin Discussion
Re: What will be the most commonly USED crypto currency in the future?
by
Simian Finance
on 15/04/2021, 18:47:04 UTC
I think like some have said Bitcoin will be held as gold and not used as a currency.

You could call me an Ethereum maximalist, but I also dont think Ethereum will be used as currency but as a store of value, similar to what Bitcoin is but for more complex use cases, NFTs and DeFi for ex, it's just too valuable for day to day stuff.

I would say from recent experience in a multichain game the coin that could be used as day to day currency will be be one with with a very low fees and fast transactions times. Candidates atm BNB, Cardano, Tron ... some other new coin.

If we're talking on pure volume, for the foreseeable future the most traded coin will probably continue to be a stablecoin, USDT or USDC.
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Topic
Board Altcoin Discussion
Re: Is Ethereum going to Die?
by
Simian Finance
on 15/04/2021, 07:41:21 UTC

ETH 2.0 and L2 scaling solutions are more than enough for a multichain ecosystem.

I dont see enterprise level investors putting money on BNB, its an exchange coin. BNB is a temporary hack for small retail investors and pump and dump schemes.

you're betting that the team which has made zero progress on scaling in 7 years will suddenly scale to support the entire ecosystem. you're betting that intelligent, wealthy people with critical thinking and rationality will trust arbitrary decisions of anonymous eth devs with their life savings they wish to preserve for their heirs.


i genuinely wish i had the ability to be this out of touch with reality as you show here

Technically BNB is just a clone of Ethereum just tweeked for better performance at the cost of decentralization and security. It has 22 validators. Eth has more than 77000.

And these 22 is rumorred that most are related to binance.

You think the rich and corporations will put their money on a coin controlled by a select few individuals.

There are other chains already in operation technically superior to eth and bsc, and it's not because  of that they will surpass in value eth or even bnb.

I think you question my reason for self validation and I suspect that is directly tied to your bags.
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Topic
Board Altcoin Discussion
Re: Is Ethereum going to Die?
by
Simian Finance
on 15/04/2021, 00:12:23 UTC
I think BNB is a temporary solution for the high fees, it doesn't compete with ETH on decentralization, when ETH solves gas fees BNB will lose much of its purpose.

I do see an interlinked multi-chain future with ETH being the central store of value, and with BTC fulfilling the role of gold.

So the most likely scenario is that ETH isn't going to die in the foreseeable future.

ETH is more decentralized, but it's equally as vulnerable to regulation as BSC, making the decentralization difference negligible. Also the DeFi/NFT traders don't care about decentralization; they only care about an open system they don't need to KYC to use, which you don't need much decentralization for.

A bet on BSC is basically a bet on Binance, for as long as Binance is a dominant player, they will always be able to get users to swap to BSC off of ETH.

ETH can't even handle one chain, nevermind interlinking others; how that's plausible to you is beyond me.

ETH 2.0 and L2 scaling solutions are more than enough for a multichain ecosystem.

I dont see enterprise level investors putting money on BNB, its an exchange coin. BNB is a temporary hack for small retail investors and pump and dump schemes.
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Topic
Board Altcoin Discussion
Re: Is Ethereum going to Die?
by
Simian Finance
on 14/04/2021, 22:26:31 UTC
I think BNB is a temporary solution for the high fees, it doesn't compete with ETH on decentralization, when ETH solves gas fees BNB will lose much of its purpose.

I do see an interlinked multi-chain future with ETH being the central store of value, and with BTC fulfilling the role of gold.

So the most likely scenario is that ETH isn't going to die in the foreseeable future.
Post
Topic
Board Altcoin Discussion
Re: Cheap coins flying to my attention!
by
Simian Finance
on 14/04/2021, 08:02:01 UTC
Well if you want a super small cap you can throw some love at our coin.
https://www.coingecko.com/en/coins/simian-finance/usd

It has the advantages of being rug-proof, and fixed supply.
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Topic
Board Altcoin Discussion
Re: Best Altcoin to invest
by
Simian Finance
on 14/04/2021, 07:37:03 UTC
Easiest and safest? I would say Ethereum if you consider it an altcoin.

I also consider Link, Uniswap, The Graph, Filecoin, Synthetix good long-term investments.

Might not be the best for short-term speculative gains though.
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Topic
Board Altcoin Discussion
Re: Low volume coins good for investment now?
by
Simian Finance
on 14/04/2021, 07:29:53 UTC
Well, this account represents one of such coins.

It's risky to invest in such coins because the market cap is usually low and any trade volume will have a high price swing in either direction.

I do recommend investigating the usual things like fully diluted market cap, is it rug proof, top wallet holding percentage, inflation rate, has it pumped recently.