OOOOOOOOOOOOO

Another +30% in BTC value and over 30% in USD. Like I told you yesterday, it's going up for weeks now, disconnected from BTC as smart invesors know, a node could generate 50k+ a year in like 1-2 years.

Attached: whodis.png (64x64, 4K)

Yeah Ren is awesome... the end.

Let them loose their money in muh LINK.

Chink coins unironically the only coins worth buying. Neckbeard coins are mostly cash grabs and no exchange listing cos "muh technology".

this is both though user

Can someone shill be on this. Isn't this for institutional investors but are they really going to trust ren? I feel like they will be much for comfortable using OTC desks.

>are they really going to trust ren
The whole thing is open source and decentralized. Trust and security is the whole point.

The usecase for ren should be pretty well used within the defi ecosystem if everything goes according to plan. Wait till the testnet release of Renvm and then judge accordingly. Shouldn't be too far from now.

But as a trader I may not be able to read code/smart contracts, which means I have to pay for someone to audit it, otherwise I am putting my trust in the devs. There is also the possibility of undiscovered bugs/exploits in the smart contract/code and this risk increases as it gets more complex.
As an OTC trader it seems much easier to trade with say, a crypto hedge fund, where we sign I contract, is accountable to the law and there is a minimal risk of something going wrong via some sort of exploit in the code.

Seems like one would be buying the top. Looks like its in the process of dumping. 140% in the past 30 days. Not a smart buy.

Yup, that's the way it goes. Higher supports from now on though

So just run a bunch of nodes then

Il probably pick some up after this dump

Also OTC desks have really good network affects, the big players trust them and I don't see why the would switch to REN.

>audit it
It's open source. Have you heard of anybody that audits the Linux source code before they install a new server?
Open source is like a constant audit. Alot of people have their eyes on the code independently, which is infinitely better than you having 1 guy review it.

it all depends. I've never used an OTC desk, what are their fees like? hiw do they get their liquidity? Maybe big players trust them because there isn't anything better. There are positives and negatives to both, although renvm has increased the scope of their usecase by bringing liquidity together from all blockchains. Wanna trade zec to btc without orderbooks showing or some second party knowing about it? Just place your order and thats it. I'm gonna be watching this project like a hawk once their testnet is deployed

Who cares about old markets switching to REN? New ones, decentralized ones will get built. More private and secure than any centralized service. They will be used.

Generally they charge around a 1% fee but I was dealing in 100ks, people dealing in mils probably get better fees. Sure it's kind of expensive but it's usually extremely liquid and it is very secure which is what you care about if you are trading size.
Where they get their liquidity depends what type of OTC desk they are. Some otc desks only match buyers and sellers, some are hedge funds and hold tokens/coins themselves

What are you talking about old markets? I'm talking about crypto. More private? How is it more private than an OTC deal. More secure? How is it more secure when I have to trust the REN devs and the smart contracts they write.

Interesting, its still the early days so who knows where it will go. They have a working product and their code has been reviewed and given an A+ which is a good sign, 90% of shit projects in the crypto space don't even have that going for them. This could be huge as fuck, or another nothingburger. DCA if interested, or just watch like I'm doing so you don't miss out on mews

He means not giving your funds to a middleman to hold while your trade is being executed. The trades using renvm would be instant and unknown to anyone as they are private. Not even the nodes doing the computations know wtf is going on, they simply get a bit of the information which is impossible to string together by a single entity.

>More private? How is it more private than an OTC deal. More secure? How is it more secure when I have to trust the REN devs and the smart contracts they write.
It's more private because it you don't have to trust anybody. Your inputs are never revealed to anybody not even the fucking machines that run the darknodes. You don't have to involve anybody, no middleman. That's how it's more private. And it's more secure because of open source like I said earlier and you remove the single points of failures (middleman, written contracts, lawyers, etc.), which is kind of the whole point of decentralization. Do you even understand crypto?

I understand crypto, I just don't see the demand. Big traders trust OTC desks, OTC desks do not exit scam. So why must it be decentralized?
In addition, in some countries you are the required by law to know who your customers are and screen them to make sure they are not sanctioned/a terrorist/money laundering etc if you trading certain amounts. You cannot do that if the parties are anonymous.

True, which is why OTC desks can be implemented by any party that wishes to do so using renvm. You traded OTC, would you tell me it wouldn't be more convenient to simply perform a trade instantaneously using a simple UI rather than getting a hold of an otc desk and having them do the trade for you? What if the party has staked their ren and are making fees that way. The network fee is .1% of your trade and the party adds an additional .2% on top of that to further profit. They also earn any fees when not performing otc trades when fees are fed to their nodes throughout the entire network performing computations for use cases beyond just otc trading. That's a much better fee and incentive for everyone involved and the third party can enact KYC to be compliant.
>pic related

Attached: Ren.gif (640x360, 2.69M)

read the whitepaper

how does a fees work example someone trades 1 btc with 2200 eos,
I knoe i get 0,1% but of what? do i need an wallet for everything? Cant find anything about this in whitepaper

So unlike other OTC platforms where you need to have the counterparty already lined up, REN just tosses that into a pool to get filled? Seems like an asshole clenching waiting period.

The payments are eth or dai at the moment. Everything is deposited to your node where you can withdraw

so in future i have basicly 3000 coins in my node?
And i need to convert them myself to whatever i want?

Yeah you will have dai or eth and you can then trade

How many REN do I need to do this. I've got a stink bag of it

100k, just be advised nodes are not profitable at the moment. Testnet will be released to developers soon and then we'll be talking.

Why isnt this just PFR 2.0? Also, pic related to why this seems like a bad idea.

Attached: buyhigh.jpg (1137x503, 53K)

they always shill after a 100%, its the norm

Then don't buy right now and wait for a correction user. There isn't much happening until the testnet is released so no rush. Only worry if you want to run a node as they keep getting more expensive

been shilling this for a week straight. No one listened.

i actually noticed how this wasnt giving a shit about btc pump and then dump but i didn't buy so im a bit salty, but it has to correct, its up more than 100% in a week

Ren Marines have incredibly strong hands. Reason: You need 100k for a full node.