Stedas 721 Posted February 19 Share Posted February 19 These infographics show high-level overview of the Spark ecosystem (Flare Network). F-Assets agents Flare Time Series Oracle (FTSO) Data providers dApps (Flare Finance) How to earn yield View infographics: https://www.stedas.hr/flare-network-spark-ecosystem.html KarmaCoverage, aavkk, PunishmentOfLuxury and 3 others 4 2 Link to post Share on other sites
brianwalden 4,038 Posted February 19 Share Posted February 19 Are you guys gonna give your FLR to an agent to mint F-assets or put it in Flare Finance? It's hard to know without the details. Link to post Share on other sites
thinlyspread 3,480 Posted February 19 Share Posted February 19 Not convinced about all this "utility" hype yet. Sounds like it's just a much better defi platform for trading between, well, useless coins. I guess it's a step forward technologically, and sure in a bull market maybe we'll get rich bla bla... but what are the REAL WORLD use cases? What am I going to see in the real world every day that will benefit from Flare? Haven't seen anything like that yet. (Is there anything actually using Ethereum yet? A business with real cost savings?) Anyway, happy to hear about something and I get this is still early days – just don't want to buy the obvious hype in videos like this. We had it with Ripple too, and so far ODL is unbelievably minimal and niche. DarthTrader, PunishmentOfLuxury, Kiwi and 6 others 9 Link to post Share on other sites
HAL1000 208 Posted February 19 Share Posted February 19 BTC just passed 56k and has no real use case, so anything is possible in this insane crypto world. at3n 1 Link to post Share on other sites
tulo 3,333 Posted February 19 Share Posted February 19 42 minutes ago, thinlyspread said: Not convinced about all this "utility" hype yet. Sounds like it's just a much better defi platform for trading between, well, useless coins. I guess it's a step forward technologically, and sure in a bull market maybe we'll get rich bla bla... but what are the REAL WORLD use cases? What am I going to see in the real world every day that will benefit from Flare? Haven't seen anything like that yet. (Is there anything actually using Ethereum yet? A business with real cost savings?) Anyway, happy to hear about something and I get this is still early days – just don't want to buy the obvious hype in videos like this. We had it with Ripple too, and so far ODL is unbelievably minimal and niche. Yeah to me it seems another pump scheme. As pancake swap, sushiswap, burgerswap and all this sh!t. I mean, there is an underlying use case, that is swapping tokens, the problem is that they are useless tokens only created to farm more tokens and speculate. And the huge problem is the abnosmous gas fees to interact with the network. On ETH now it's impossible. On BSC it's centralized. Maybe AVAX and Flare will partly solve this. thinlyspread and DavyJones 2 Link to post Share on other sites
RobertHarpool 1,098 Posted February 19 Share Posted February 19 44 minutes ago, thinlyspread said: Not convinced about all this "utility" hype yet. Sounds like it's just a much better defi platform for trading between, well, useless coins. I guess it's a step forward technologically, and sure in a bull market maybe we'll get rich bla bla... but what are the REAL WORLD use cases? What am I going to see in the real world every day that will benefit from Flare? Haven't seen anything like that yet. (Is there anything actually using Ethereum yet? A business with real cost savings?) Anyway, happy to hear about something and I get this is still early days – just don't want to buy the obvious hype in videos like this. We had it with Ripple too, and so far ODL is unbelievably minimal and niche. This. Link to post Share on other sites
aavkk 2,723 Posted February 19 Share Posted February 19 (edited) 49 minutes ago, thinlyspread said: Is there anything actually using Ethereum yet? A business with real cost savings?) Anyway, happy to hear about something and I get this is still early days – just don't want to buy the obvious hype in videos like this. We had it with Ripple too, and so far ODL is unbelievably minimal and niche. Yes, I recently invested in Crowdz's Series A alongside some really top tier VC firms. Crowdz is built on Ethereum to provide an SME invoice auction marketplace where funders can bid to purchase invoices providing optionality for SME’s to choose the most competitive rate. Crowdz also provides large corporates the ability to provide white label Supply Chain Finance as a Service (SCFaaS) on top of its marketplace model making it the first in the world to provide Supply Chain Finance as a Service (SCFaaS). The platform grew from 450 customers in Jan 2020 to 26k in December as of a couple of months ago when I committed. I didn't realize that late payments cost SMEs as much as $3 trillion globally, with 1 in 10 invoices failing to be paid on time. My hope is that Flare captures some of these types of innovative business leveraging blockchain and smart contracts. Edited February 19 by aavkk thinlyspread and JASCoder 2 Link to post Share on other sites
Seoulite 1,975 Posted February 19 Share Posted February 19 1 hour ago, thinlyspread said: Haven't seen anything like that yet. (Is there anything actually using Ethereum yet? A business with real cost savings?) The CEO of Gala Games told Eri that it is costing them 10s of thousands of dollars a week to mint their NFTs on Ethereum. They are going to move to Flare because the costs are far lower. Now, you might say this is just a bunch of nerds passing tokens around in their little game, but that is not the point. If a business owner tells me he is spending 10k a week to ship his products, and I tell him that I will do it for less than 100 a week, faster and more securely - that sure sounds like a value proposition to me. thinlyspread and BillyOckham 1 1 Link to post Share on other sites
Seoulite 1,975 Posted February 19 Share Posted February 19 43 minutes ago, aavkk said: My hope is that Flare captures some of these types of innovative business leveraging blockchain and smart contracts. There is every reason to expect so, since Flare is offering everything that Ethereum does but much faster and much cheaper. It is also specifically designed with porting these kinds of projects directly from Ethereum in mind. Ripley 1 Link to post Share on other sites
tulo 3,333 Posted February 19 Share Posted February 19 1 minute ago, Seoulite said: There is every reason to expect so, since Flare is offering everything that Ethereum does but much faster and much cheaper. It is also specifically designed with porting these kinds of projects directly from Ethereum in mind. There is also avax which is way ahead in the games. There is already the network running and the AMM swap (Pangolin). Seoulite 1 Link to post Share on other sites
Seoulite 1,975 Posted February 19 Share Posted February 19 45 minutes ago, tulo said: I mean, there is an underlying use case, that is swapping tokens, the problem is that they are useless tokens only created to farm more tokens and speculate. Are you confusing Flare with Flare Finance? On Flare you are not swapping any tokens. The value proposition for Spark holders is that you are earning compounding yield on the assets you hold. It's the same with any F-assets. As Mickey says in his latest video linked above, previously the value proposition for xrp holders was 'hold a long time and hope ODL adoption sends it to the moon'. Same with BTC 'hold and wait for Wall Street and the billionaires to buy into Satoshi's vision'. With many new projects, the idea now is earning yield. This is attractive to people who realise that having your money in the bank is less than useless. aavkk 1 Link to post Share on other sites
Seoulite 1,975 Posted February 19 Share Posted February 19 1 minute ago, tulo said: There is also avax which is way ahead in the games. There is already the network running and the AMM swap (Pangolin). I agree, which is why I bought AVAX a month back. Link to post Share on other sites
tulo 3,333 Posted February 19 Share Posted February 19 1 minute ago, Seoulite said: Are you confusing Flare with Flare Finance? On Flare you are not swapping any tokens. The value proposition for Spark holders is that you are earning compounding yield on the assets you hold. It's the same with any F-assets. As Mickey says in his latest video linked above, previously the value proposition for xrp holders was 'hold a long time and hope ODL adoption sends it to the moon'. Same with BTC 'hold and wait for Wall Street and the billionaires to buy into Satoshi's vision'. With many new projects, the idea now is earning yield. This is attractive to people who realise that having your money in the bank is less than useless. Nope. Flare will support smart contracts. AVAX also. An AMM is just a series of smart contracts deployed on the network. Flare Finance will be a series of contracts on Flare, which will include an AMM. DavyJones and thinlyspread 2 Link to post Share on other sites
Seoulite 1,975 Posted February 19 Share Posted February 19 3 minutes ago, tulo said: Nope. Flare will support smart contracts. AVAX also. An AMM is just a series of smart contracts deployed on the network. Flare Finance will be a series of contracts on Flare, which will include an AMM. So are you saying that DeFi and smart contracts in general are just swapping useless tokens around to farm more tokens and speculate? Link to post Share on other sites
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now