Did you read a single fucking link TWU posted? It answers your question ten fold.
Poor bizfags expect to get rich but can’t spend 3 minutes reading to learn about one of the only legit projects in the space. Real projects, real use cases, no ICO, no premine. FLO was created in 2013 as it’s own blockchain and was one of the first original 10 crypto’s to ever be made.
Benjamin Green
I did actually. Its all just fluff about how its being used as the basis for several things. Nothing about how it will gain value.
Christopher Perry
Is this the shit that forked from litecoin? Anyone got a good redpill about FLO?
Joshua Taylor
Buying a coin that has to literally BEG Coindesk to use their name in an article.
Pathetic.
Leo Walker
So I guess the shills can't answer a simple question. Typical.
Kayden Foster
But.. but.. I don't wanna use Bittrex. Does it suck?
Carson Jones
>OP is TWU Why the fuck would you FUD something that you are already balls-deep in? Twu doesn't have the best reputation around here.
Grayson Taylor
FLO has a lot going for it, if you aren't getting in, you're simply missing out. Plain and simple.
DLR/tZero, OIP/Alexandria/etc. Block Halvening in 4? Days! It's a 10m market cap coin, with a BULL FLAG ALREADY FORMED, that could 30-50X in 2019.
Do your own research, QUICKLY! There are tons of great resources, few medium articles, amazing telegram channel loaded with intelligent members, etc.
Brody Jones
To point out some thing since shills won't. Binance information can be written by anyone. Hell this shill probably wrote it. From what I have read there is very little underlying value proposition. Its a mined chain that requires a minuscule amount of FLO to serve its purpose.
tZero also does not have a launch date despite what the article claims. Tokens are being launched and unlocked January 10th but the actual date is unknown and may be pushed back as it has several times already.
Zachary Nguyen
FLO will be used for thousands, maybe even millions of transactions per day on tZero in order to store data (which is the purpose of FLO), in addition to use by The Alexandria Project and Medici Land Ventures. The more it is used, the more gets bought from exchanges, the more price rises, the more people begin to hoard it for speculation purposes, the more price rises, the more it gets hoarded, the more price rises... We are about to kick the use off into the price range where a feedback loop starts, the same kind of feedback loop that Bitcoin had, and Litecoin, and Monero, etc. Shit is about to get very real.
"They also said tZERO was slated to launch in January."
This is from today.
Xavier Sullivan
Even if it was used for the sheer number of transactions being claimed it requires so little FLO that the yearly requirement is less than 2000 FLO for all those things combined.
Juan Smith
BEG? If they "begged" they why would the ARTICLE/COINDESK get the NAME wrong???
And why would FLO reach out to them to get the name right???
Doesn't look like you know what you're talking about.
Zachary Thompson
very cheap!
Imagine what happens when thousands of companies want to utilize an inexpensive protocol that also happens to be 100x better than the currently existing tech?
Geez, I re-convince myself of my gargantuan brain every time I educate people about it. Think hard.. this one's tough.
FLO is exactly like bitcoin with metadata. It happens to use the scrypt algorithm because GPU mining was popular at the time of its launch, and sha256 ASICs already existed.
FLO derives its value from: 1. The store-of-value of FLO coins (similar to Bitcoin) 2. Storing metadata in a public, historic, permissionless & uncensorable record 3. OIP, built on FLO, has protocol rules to secure metadata and deliver digital content using FLO payments in a decentralized index
I think you are forgetting about transaction fees, which would exponentially increase that number. Nobody would be mining it if only 2000 FLO are transacted per year in the best use-case scenario.
Camden Brooks
you're gonna get burned trading op's advice
Levi Gray
It will still amount to fuck and all price wise. Transaction fees and thousands of companes won't have any real effect on the price of it.
Ryan Allen
I can't see who the team is. Who the CEO, CTO, etc. Their LinkedIn profile is also super shitty.
This coin is shady af.
Thomas Long
>The quality of posts is extremely important to this community. Contributors are encouraged to provide high-quality images and informative comments.
Luis Stewart
So what gives value to other coins if thousands of companies using them mean nothing?
Zachary Wood
>doesn't make link between being heavily used and price.
Either weak fud or strong retard.
Gavin Walker
A valuable use-case that when scaled adds value to the coin. Its not that thousands of companies using them means nothing period. It just requires there be a mechanism where being used causes an appreciable increase in demand which the mining supply cannot sustain leading to a higher price. Which incidentally if it were the case would make it more expensive than other methods. But it doesn't it is actually so efficient that even when fully adopted the price will stay relatively stagnant regardless of the number of users.
Caleb Evans
Interesting, but you could basically apply this same FUD to Bitcoin in its early days. I know I did, and now I'm fucking poor as shit instead of having thousands of BTC. You sound smart, convince me I'm wrong.
Liam Lewis
Really anything can happen with any coin. Speculation can run wild but it doing so with this undermines how cheap it is for companies to run. It is really hard to maintain being both an investment and cheap tool for a single instrument. I'm not saying that it doesn't provide a fantastic service which based on my research it really does a good job and it isn't surprising it got attention.
It just doesn't have a good value proposition if you were to look at it without BTC and bull-run goggles. The problem is everyone is looking for the next BTC and assume since it did it then this other thing can do it too when they serve entirely different functions and it is in fact detrimental for it to do so.
Brandon James
>It is really hard to maintain being both an investment and cheap tool for a single instrument. This is blockstream doublespeak. Coins can be both valuable and scale on chain. Those two properties are not mutually exclusive.
The value proposition is censorship free metadata which is more relevant now than ever.
Evan Lopez
Layer 1: FLO blockchain or Bitcoin blockchain. Layer 2: OIP or LN Network Layer 3: Applications
Bitcoin and FLO can use layer 2 and still be valuable at the base layer.
literally every post in this thread is a fake conversation between these clowns
"FLO" is just abandonware that was picked up to Pump and dump on noobs
Alexander Wood
Oh it still gets support. It just doesn’t have any moon potential.
Aaron Johnson
BTC is not private or fungible.
What use does a large corporate entity or institution have with a coin that can be analysed through chain analysis so that their competitors, foreign governments, or other bad actors can analyse all of their transactions data?
Information leaked includes relationships, supply chains, profit and loss information, accumulated wealth, and more.
For people serious about Business Monero is the answer. Data mining will be a serious issue for commercial deployments.
Jason Parser worth 30M. So yes it is someone from here. Shill me on FLO though if you think you can.
Brayden Wood
I'm good. Feel free to provide evidence that it is a PnD tho
Nathan Bell
Low volume and as was posted earlier there have been hundreds of shill threads and posts in the past two weeks. It reeks of pajeet.
Jason Cox
desperate shills in here are hilarious. This sounds like the same copy and paste bullshit that any projects spits out, promising millions of transactions, being used by all of these businesses. Ok! If you guys think that these businesses are just going to jump in right now and start using flo (or any of this shit) you are straight up retarded.
>Feel free to provide evidence that it is a PnD tho there's no volume, nobody is buying this trash. but oh wait, the us government is using it to register land on? Lol.
And stop trying to do TA on fuckin low volume trash coins on 1 exchange lololllll
Anthony Gonzalez
FLO has been in use by tZero for months and months now. It isn't just going to suddenly start being used soon. This is the price it has when it is being constantly used for months.
There is no value proposition.
Christian Bailey
literally no where else on the internet is talking about this no volume abandonware. its obviously a pump and dump team trying to recreate chainlink style hype for pump and dump purposes.
Landon Morris
I would like to defend it at this moment and say it is currently being used and will be used. The problem is that it works as intended which means it is a low cost solution which functions extremely well and can remain at low cost indefinitely.
The failure here isn't adoption it is just that adoption does nothing for it.
Jacob Martin
Assessing for PnD status is good.
However just like 2 years ago people learned to give anything posted on this forum a chance, last year's bear has trained bizraelis to disbelieve anything.
The truth you don't want to admit is you can't tell the difference between a pure pump and dump scam and a project with legitimate hype just by judging people's post frequency and timbre. If you think you can, you're fooling yourself and just making a massive waste of time.
What you CAN do is ignore wishy-washy fluff hype and shitposts, and instead just look at any hard evidence the project has and see if that has merit.
Here's what I know about flo - overwhelming evidence that it will be a foundation for tzero, and - tzero has lots of hype behind it (correctly placed or otherwise) and is making moves this year.
This put flo in a pretty good position at least as a near term speculative investment as tzero gains makes waves and people find they can get exposure to with flo, even if long term the transaction model is not enough to justify a high cap for it.
Xavier Turner
I like how you just ignored every post blowing you out to post a passive aggressive tirade and restate what the other shills said and basically said "People are stupid it can moon" without giving a solid logical reason aside from blind speculation. You are the last shill left in the thread too. The rest abandoned it when the realities were brought up.
Jonathan Fisher
we're breaking out of our wedge! :)
Obviously someone seems to think FLO has value. The market doesn't lie, my friend.
