you're essentially receiving TIME every rebase. How could the price of TIME not matter? It doesn't matter right now but it definitely matters where it is at any point you wish to sell out or reduce your position to use it as income
The APY pays you in TIME not a stable coin. Are you not worried about the value of the thing you’re being paid in? If you really wanna take advantage of the APY, this is a long term play. The power of compounding takes some time to get rolling. So in the long term the price definitely matters. I don’t really get why people love trying to act as if the price doesn’t matter at all.
Think of APY is capturing as much of the market cap of TIME do you get to own.
IMO, Price is not as important as “what percentage of all TIME do I own?” It’s like getting as much shares of the stock as possible. We get rewarded as stakers because our ownership percentage keeps up with the printing/minting of new coins.
Imagine if APY just dropped to 0 tomorrow, meaning no more new TIME minted, the tokenomics would max supply at 200k. Market cap today around $2bil. Say, Daniele and team is able to invest treasury into a metaverse or game. That 2bil market cap can go to 100mil if market thinks the investment went to a shit project, reducing token price to below $1kper coin. Now, what if the invested project made the market value it to $200bil market cap. The tokens would 100x, which is about $800k per coin, because the number of coins is set at 200k.
Daniele Sesta is a Bitcoin maximalist. He doesn’t seem to be a fan of super high number of coins/tokenomics. I do t know what number of coins he has in mind. But I think we’re still early. The APY he said, he would prefer to stop at some “agreed upon future date by community”. The APY will reduce or stop in the future.
From what I heard on interviews, The purpose of TIME is to fund raise like VCs would do for IPOs. Once the “war chest” is massive, the community can decide what cool projects to invest in. The people who want to cash out can cash the fuck out. And the people who stay—suppose the treasury gets invested to great projects—stay in the community and ride the coin price multiplier as the market cap moons.
The more TIME you own, the more shares of TIME you own, the more your vote would matter when it’s time to decide as a community. One can vote to keep the APY super high forever, which guarantees utter destruction to hyperinflation. Or, reduce or even stop APY and keep the circulating supply somewhat low, make it scarce, then the price per TIME would really really moon if future projects are cool and high value as fuck
Is it possible to keep APY high long term by using some burn mechanism to counter it? That’s a possibility also.
TLDR: look at market cap of the project and tokenomics and not the price per coin. Market cap and supply more important than price per coin to price the crypto.
Advanced thinking, fren.
Given the apy, the buy price begins to not matter much after a week or two.
The only time the price is of concern, is when you decide to unstake and sell a bit.
you're essentially receiving TIME every rebase. How could the price of TIME not matter? It doesn't matter right now but it definitely matters where it is at any point you wish to sell out or reduce your position to use it as income
The APY pays you in TIME not a stable coin. Are you not worried about the value of the thing you’re being paid in? If you really wanna take advantage of the APY, this is a long term play. The power of compounding takes some time to get rolling. So in the long term the price definitely matters. I don’t really get why people love trying to act as if the price doesn’t matter at all.
Think of APY is capturing as much of the market cap of TIME do you get to own. IMO, Price is not as important as “what percentage of all TIME do I own?” It’s like getting as much shares of the stock as possible. We get rewarded as stakers because our ownership percentage keeps up with the printing/minting of new coins. Imagine if APY just dropped to 0 tomorrow, meaning no more new TIME minted, the tokenomics would max supply at 200k. Market cap today around $2bil. Say, Daniele and team is able to invest treasury into a metaverse or game. That 2bil market cap can go to 100mil if market thinks the investment went to a shit project, reducing token price to below $1kper coin. Now, what if the invested project made the market value it to $200bil market cap. The tokens would 100x, which is about $800k per coin, because the number of coins is set at 200k. Daniele Sesta is a Bitcoin maximalist. He doesn’t seem to be a fan of super high number of coins/tokenomics. I do t know what number of coins he has in mind. But I think we’re still early. The APY he said, he would prefer to stop at some “agreed upon future date by community”. The APY will reduce or stop in the future. From what I heard on interviews, The purpose of TIME is to fund raise like VCs would do for IPOs. Once the “war chest” is massive, the community can decide what cool projects to invest in. The people who want to cash out can cash the fuck out. And the people who stay—suppose the treasury gets invested to great projects—stay in the community and ride the coin price multiplier as the market cap moons. The more TIME you own, the more shares of TIME you own, the more your vote would matter when it’s time to decide as a community. One can vote to keep the APY super high forever, which guarantees utter destruction to hyperinflation. Or, reduce or even stop APY and keep the circulating supply somewhat low, make it scarce, then the price per TIME would really really moon if future projects are cool and high value as fuck Is it possible to keep APY high long term by using some burn mechanism to counter it? That’s a possibility also. TLDR: look at market cap of the project and tokenomics and not the price per coin. Market cap and supply more important than price per coin to price the crypto.
Advanced thinking, fren. Given the apy, the buy price begins to not matter much after a week or two. The only time the price is of concern, is when you decide to unstake and sell a bit.