in the very first minutes of a new token on a DEX which has several weeks old.
I can understand the frustration, that anyone wanted a piece of RIDE at the very launch, but how many of you can admit that this is a VERY RISKY business, no matter the DEX, bots or no bots?
so easy to find another culpable matter than ourselfs, using 50% slippage and spam it and fighting with transactional bots 🙂
Even in Binance or anywhere, do not think of entering in the first minutes, they will crush your head, but some think the opposite and it seems that it is new in Crypto
People can handle risk as long as they believe they are playing fairly on the same field with everyone else - having unfair advantages is really what triggered people here - we all learned the harsh truth now that we were in fact playing against really advanced bots / 10k + egld wallets and transactions that we had no chance against. I can assure you people have learned their lesson and will think three times next time before embarking on any future initiatives - and for good reason!
Bro, life in general is not fair. How come you easily blame a bot from the validators, which is still keeping most of the RIDE it bought, but you don't complain at all about the 3rd bot that really dumped the price? There will always be smart people which will find a way to create a bot in this environment and it will still not be fair for everybody. This is not communism, this is DECENTRALIZED environment. The team might take actions againts bots from now on, but again, it's impossible to block them all. So you either take it as it is and give the team constructive criticism or continue crying.
Yep, lesson learned 👍
When things are good, let's thanks to all this community. When things are bad, the propaganda about decentralized environment comes and replace the ideea of things damaged the community. What's important now? Important is to gain the trust back.. To help. This project to grow not to make literally all people stupid in a polite way tho. Community is made of rookies as well... Not everyone got a bloody staking agency with millions of EGLD available for ridding a listing process. Let's see EGLD at 300$ and I'm out forever. Best regards to everyone
Can there not just be a cap on the amount purchasable from a given wallet per 30 mins or such? Everyone talks about things being decentralised, so work on a way to decentralise the wealth on these projects and stabilise the market. That would be pretty unique and groundbreaking in this space. Build a bit of trust back. It's supposed to be a community owned dex, but it's allowing the same pattern to form as usual with rich elites taking the p#££
This could be probably implemented from tech point of view but will not limit bots or those driven to bypass this limitation. Creating multiple wallets and transactions is pretty easy in a programatic way.
Has to be via a form of identity authentication which would be something new to the industry and unwelcome to many.
Could also restrict to wallets that are staking egld. Make it harder at least, and also benefit long term holders. It could be a staggered approach?
The lottery was kyc'd and many did that. Like I say even if its just for the initial launch and a few hours before it's opened up to the mercenaries. It's just such a shame a few individuals with high skills and low morals can undermine the hard work you guys do, and rip off the little guys in the process.
Is expected though.
Doesn't mean you can't change and make things better. People can mug you in the street, it's expected, but you try to mitigate it happening as much as you can.
How did anyone get ripped off? Lack of education, greed and an attempt to do exactly the same thing they are now complaining about.. Free market education education education.
Because slippage didn't work lmao you elrond stans are crazy
So you think it makes sense to fomo in on a project as high profile as this one in the first minute on day one with high slippage and no appreciation of risk in crypto and somehow that's someone else's fault. Crazy.
Greed is having millions and s£££ing on the masses because you have leverage and means to do so. I'd say the vast majority of people in this space though are not necessarily greedy, but trying to better their position in life, pay mortgages etc. If education is to learn to back off, know your place and leave the rich to play then you have a point. But I'm all for change personally.
I think that is a point well made but these automated systems always present opportunities in the dips a bit of patience opportunities arise. I like your reply however and yes I'm in thus space for those reasons and this eco system has been very good for me and my family.
What's wrong is that someone can bag millions on the spot. Its not healthy in other ways either like stability and decentralisation. Using high slippage is silly though yes agreed. It's why I have 0 ride. Lost nothing, not part of it.
I agree. Unless...it is me who is bagging million on the spot. In that case it is OK.🤣
Dex attack? Wth?
Обсуждают сегодня