This article does a horrible job of defending the idea behind Rootstock. "You shouldn't think smart contracts don't have value...they totally have value!"
Now in my head I'm thinking of all the smart contracts that were just its own token for premining and rug pulls, I'm thinking Terra Luna, I'm thinking DeFi which is just a mechanism to screw people over with high interest assuming they even take out the loan in the first place. In reality DeFi has been a pozi scheme of taking in new funds to reward "yield" to old holders.
Alright well how does Rootstock defend its position?
"Stablecoins are even a better alternative than Bitcoin itself"
OH REALLY. So lets just get ourselves a damn CBDC why don't we? Well why don't we look at this magic "Money On Chain" shitcoin why don't we?
Oh wow we even have a 20% premine to founders and insiders!
Unfortunately, due to the fact that this entire thing is a security, I can't view a lot of the information, can't even archive the information using archive.ph. But lets look at what we can.
Here's the resources the python API uses:
Network Name Project Enviroment Network mocTestnetAlpha MOC Testnet mocTestnet MOC moc-testnet.moneyonchain.com Testnet mocMainnet2 MOC alpha.moneyonchain.com Mainnet rdocTestnetAlpha RIF Testnet rdocTestnet RIF rif-testnet.moneyonchain.com Testnet rdocMainnet RIF rif.moneyonchain.com Mainnet dexTestnet TEX tex-testnet.moneyonchain.com Testnet dexMainnet TEX tex.moneyonchain.com Mainnet
Tex is supposed to be a decentralized exchange which I unfortunately can not access to tell you more about. But if dollar on chain is using the leverage Bitcoin to maintain a dollar peg method, what is the money on chain shitcoin for?
"Oracle: MoC holders will be able to run an oracle node for an additional revenue stream."
Oh right because the "decentralized exchange" doesn't have its own dollars to leverage Bitcoin against, so it has to leverage against theoretical dollars on some other exchange!
Oh and since we're here in the proof of stake system, the one's with the most stake have the most important Oracles! So those would be the one's you'd want to target!
The reason we do our best as Bitcoin so called "maxis" (Shitcoiner Vitalik's words by the way) is because we've hurt ourselves on shitcoins in the past and we don't want to see the people around us making the same mistakes. I think the people who got burned on Terra Luna, DeFi, and shitcoins in general would look at everything in this article in horror.
As such, I will continue to drive people away from any "Smart Contract" mechanism, even one's that use Bitcoin as the payment method.
I very much like Money on Chain and it's very innovative implementation of stable coins (DOC and RDOC) not backed by fiat or any company or government, but stabilised by BTC and RIF investors, of which I am one, who take the risk of volatility from those in need of a stable medium of exchange. Just brilliant!
Also, tex is a fantastic decentralised exchange. Although I prefer to interact directly with the second layer, I've used tex a couple of times when I wanted a more imrmediate exchange.
This article does a horrible job of defending the idea behind Rootstock. "You shouldn't think smart contracts don't have value...they totally have value!"
Now in my head I'm thinking of all the smart contracts that were just its own token for premining and rug pulls, I'm thinking Terra Luna, I'm thinking DeFi which is just a mechanism to screw people over with high interest assuming they even take out the loan in the first place. In reality DeFi has been a pozi scheme of taking in new funds to reward "yield" to old holders.
Alright well how does Rootstock defend its position?
"Stablecoins are even a better alternative than Bitcoin itself"
OH REALLY. So lets just get ourselves a damn CBDC why don't we? Well why don't we look at this magic "Money On Chain" shitcoin why don't we?
"Get even more by staking the protocol's governance token"
https://moneyonchain.com/moc-govern-stake/
OH REALLY
Oh wow we even have a 20% premine to founders and insiders!
Unfortunately, due to the fact that this entire thing is a security, I can't view a lot of the information, can't even archive the information using archive.ph. But lets look at what we can.
Here's the resources the python API uses:
Network Name Project Enviroment Network
mocTestnetAlpha MOC Testnet
mocTestnet MOC moc-testnet.moneyonchain.com Testnet
mocMainnet2 MOC alpha.moneyonchain.com Mainnet
rdocTestnetAlpha RIF Testnet
rdocTestnet RIF rif-testnet.moneyonchain.com Testnet
rdocMainnet RIF rif.moneyonchain.com Mainnet
dexTestnet TEX tex-testnet.moneyonchain.com Testnet
dexMainnet TEX tex.moneyonchain.com Mainnet
It Would Suck if Someone Sniped this Stack for VulnerabilitiesIt Would Suck if Someone Sniped this Stack for Vulnerabilities
Tex is supposed to be a decentralized exchange which I unfortunately can not access to tell you more about. But if dollar on chain is using the leverage Bitcoin to maintain a dollar peg method, what is the money on chain shitcoin for?
"Oracle: MoC holders will be able to run an oracle node for an additional revenue stream."
https://medium.com/moneyonchain/deep-dive-into-money-on-chain-8122e45657ba
Oh right because the "decentralized exchange" doesn't have its own dollars to leverage Bitcoin against, so it has to leverage against theoretical dollars on some other exchange!
Oh and since we're here in the proof of stake system, the one's with the most stake have the most important Oracles! So those would be the one's you'd want to target!
Dear Friend, Don't Hurt YourselfDear Friend, Don't Hurt Yourself
The reason we do our best as Bitcoin so called "maxis" (Shitcoiner Vitalik's words by the way) is because we've hurt ourselves on shitcoins in the past and we don't want to see the people around us making the same mistakes. I think the people who got burned on Terra Luna, DeFi, and shitcoins in general would look at everything in this article in horror.
As such, I will continue to drive people away from any "Smart Contract" mechanism, even one's that use Bitcoin as the payment method.
I totally agree with you, and support RSK.
I very much like Money on Chain and it's very innovative implementation of stable coins (DOC and RDOC) not backed by fiat or any company or government, but stabilised by BTC and RIF investors, of which I am one, who take the risk of volatility from those in need of a stable medium of exchange. Just brilliant!
Also, tex is a fantastic decentralised exchange. Although I prefer to interact directly with the second layer, I've used tex a couple of times when I wanted a more imrmediate exchange.
I have no need for anything provided by RSK, so I don't use it.
I don’t agree that Bitcoiners are against sidechains
Rather, Rootstock / Liquid / Lightning are all very much complementary to L1