Sumcoin is likely to be the 3rd biggest coin in the world later on this year
#13
(15-04-2022, 04:21 AM)MysteriousWeeb420 Wrote:
(15-04-2022, 04:13 AM)MasterFaggot Wrote:
(15-04-2022, 04:07 AM)MysteriousWeeb420 Wrote:
(15-04-2022, 04:03 AM)MasterFaggot Wrote:
(15-04-2022, 03:57 AM)MysteriousWeeb420 Wrote: copyrighted algorithm and no whitepaper  :dodgy:

making an algorithmic stablecoin is already insanely difficult and an index is even more ambitious. what is this ty jacobsen guys academic background? even the smartest people in the crypto space wouldn't be able to do this shit. I have zero faith ngl

He's just an incredibly high iq mega talented programmer who was self taught. The indexing algorithms have already BEEN finished. Download a SliceWallet and you'll be able to see the index rate that tracks the top 100 cryptos. It was as high as $1,385 back when btc was $69,000 a coin. Now it is at $845. 

Zero faith? Who gives a shit? There's millions of people around the world who own Sumcoin. Changpeng Zhao, the 14th richest man in the world and owner of Binance said himself that he loves the idea of sumcoin and how it is an index coin, and said he would gladly list the coin on coinmarketcap, which he owns, as the 3rd biggest coin in the world. Most Blockchain developers are just in it for the money, and don't care about developing new technologies. Most crypto investors just want to hop in on the newest meme coin or get into some altcoin which is totally pointless because stocks provide a similar return already. The smart people mined sumcoin back in its early days. The fact that you have zero faith doesn't matter because you don't own any nor will you be able to acquire a significant amount of it anytime soon.
sounds very unlikely

if it has all been finished why is it a seemingly dead coin no one has ever heard of?

source where cz says this?

The developers want it to seem like a seemingly dead coin at the moment for certain reasons. I'm not divulging that info. 

The developers and those close to them know about the CZ phone conversations.

What most people don't realize is that it's actually pretty easy to get any coin, index or not, listed at an exchange. Even a tier 1 exchange. All you need to do is bring the coin's dev team with you, pay the listing fees, and pretty much bribe the exchange owner with a decent amount of your coin. The only thing that gives cryptos true liquid value is what the centralized exchange owners allow on their centralized exchanges and what they won't allow. Since all exchanges are a business and only care about making money, they don't care what coin is listed, as long as they get paid well. It is totally legal to negotiate coins as incentive for getting listed on an exchange. Guess who has a fuckton of sumcoins? That's right, the sumcoin developers. For stocks, this would not be legal.

Sumcoin is currently on the STEX exchange so the dev team is familiar with how to program the indexing algorithm into the exchange.
so not only are the fundamentals extremely questionable (no whitepaper, non-public algorithm, unknown academic backgrounds) but the dev team are also morally questionable 

lol


People have traded sumcoin for Tesla's, houses, cars, even a small California town. What does a person's academic background have to do with a coin? Nobody even knows who Satoshi Nakamoto is. White paper? Who gives a shit? Morally questionable? Gtfo tbh
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RE: Sumcoin is likely to be the 3rd biggest coin in the world later on this year - by MasterFaggot - 15-04-2022, 04:23 AM

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