Sunday, April 3, 2022

General Thoughts All Things ZILLIQA ATM

Hello,

Lots of interesting discussion being generated at the moment as well as the standard moonboy whiney posts surrounding Zilliqa. I wanted to create a post kind of outlining my general thoughts and responses to what's being talked about at the moment in hopes to keep track of everything and relay it to the community and Zilliqa at the same time. Let me start with the low hanging fruit:

  1. Zilliqa isn't crashing per se. If it retouches the area of where this run kicked off (approximately 4.4 cents) then we can talk about how this was a crash, until then it is a standard retracement.

  2. Buy the rumour sell the news is the norm in crypto, I'm not sure why people haven't caught on yet. Regardless, I do think legitimate long-term Zilliqa acquisition occurred during this run but we won't find out until the dust settles and Zilliqa either fully retraces or finds support and or slingshots off of numbers higher than the price at the start of the run. Until then keep calm because trade volume like 10 billion is so unprecedented it is hard to imagine it not involving legitimate acquisition. I would say extremely unlikely actually that this was just a pump and dump.

  3. I think we have to do a better job as a community of understanding what these events are and perhaps we need more help from Zilliqa in this regard. This was basically a schmooze-fest event for a new product Zilliqa is offering. In that sense, it was exactly what it was supposed to be and I am unsure why/who the impression was given that this was going to be some kind of public facing conference and press release that would include partnership announcements. Did the Zilliqa Team specifically tease that they would announce corporate property purchasers in Metapolis or something? I don't understand why there is a disconnect in expectations and reality.

Now to the high hanging fruit if you will:

  1. How exactly does MaaS work with or against the grain of the inherent and most notable supposed benefits of metaverse on blockchain?

- Decentralization: We get the idea of decentralized validators legitimizing the purchase of meta-property. But in MaaS is there a single "digital contractor" constructing things to fit the vision of the buyer? Or is it more like an agnostic decentralized tool that can build things to the buyers or subscribers vision, like a decentralized autonomous contractor? I'm confused on how this works.

- Transparency: How do the concepts of metaverse transparency apply to metapolis? Is it exactly as easy to delve into as any decentralized ledger or is there some sort of privacy layer that prevents the average person from knowing who owns what where?

- Security: How exactly does the purchase and or renting of land work with MaaS? Or does it? Does the service provider have the power to pull the plug on properties?

I think I'd be interested in hearing a lot more about how Metapolis and MaaS actually work to uphold a lot of the ideals that brought us to blockchain in the first place, or if there is some duality at work when expanding into the blockchain as a business world.

Be all things Metapolis as they may, I'm actually more eager to hear everything from the Roadmap event in a couple of weeks. Don't get me wrong, I like meta-direction but I'm still interested in all potential uses for one of the best Layer 1 and technologically-fulfilling satisfiers of Satoshi's Trilemma in Zilliqa.

Lest we forget we are one of the best blockchains that brought sharding, high tps, the most decentralization (3rd to only Bitcoin and Ethereum), top notch security, performance, and scalability to the crypto world.

Let's go Zil.


No comments:

Post a Comment