This was the time for @THORChain to go all in & deliver XMR at warp speed but we get SOL & ZEC which will have same effect as Avax & BSC & for the exact same reason. It’s too late
If I had a $RUNE for every time tc failed to understand market timing I wouldn’t need to tweet this
Impressive performance from the @Thorwallet team and their recent token launch.
$TITN FDV about to flip that of @THORChain $RUNE.
Outgrowing your cradle ecosystem is no easy feat! Years of building paying off.
@BitcoinInfantry@jpthor@tbr90 @SliceTank @therunetard@1984_is_today this is very similar to a bankruptcy.
Equity holders of class A shares can't put all the debt in a different class of shares to protect their own interests. That is illegal unless deemed the best dissolution by a court order.
@BitcoinInfantry@jpthor@tbr90 @SliceTank @therunetard@1984_is_today Thorfi victims should seek a court order to force nodes to change the mimir and allow redemptions against the equity held in the rune asset, until the network can no longer do so in an orderly fashion.
@BooneW@jpthor@tbr90 @SliceTank @therunetard@1984_is_today JP threatened node operators to fork Thorchain if they did not enable lending. JP threatened 9R with various levers to get onboard and support lending. JP used admin mimir to pause thorfi and lock user funds and now stirs confusion about his involvement.
Airdropping $tcy to THORFi victims has similar economic effect than minting more $rune. Its a new shiny token with a promise baked in the name and slightly better token properties, but its the same bet. I think $rune holders will suffer just the same as if more $rune was vested to savers and borrowers.
@UUDDLRLRBASeSt @Pluto9r @THORChain I tried adding liquidity to the network:
https://t.co/EIpEFboUbO
The network rejected with "Add liquidity rune is more than bond". What did I do wrong?
You mistake my realism for FUD. I would be very happy if @THORChain got back on its feet.
Unfortunately for @THORChain even if devs add Solana, the network can’t accept more liquidity while the bond is below its security threshold. Meanwhile, over $12M is churning out of the network in 3 hours, and any sell pressure will worsen under-bonding.
@gusch1ggins@ImpossibleHunt7@THORChain That is very positive and welcome news. I didn't now expect so many validators joining back in with all the uncertainty.
Let's make MIMIR stand for
More Invested Money In RUNE
There are two powerful dials that can instantly be tuned by a supermajority of nodes.
EMISSIONCURVE -> 100000
- This would insta-end RUNE inflation which is currently printing 25K RUNE daily. This only benefits whoever sells RUNE first, not the incentive we need.
SYSTEMINCOMEBURNRATEBPS -> 2000
- This would bump the system income burn from 5% to 20%. Until now, any burn benefits have been completely offset by a combination of lending mint & block rewards. Eliminating both mint & block rewards and making burn more aggressive would benefit all stakeholders, and disproportionally the more patient. The best time to do this the most aggressively is now, while the price is depressed.