You're missing out on another chance at generational wealth. > 2010 user reads about Bitcoin and thinks it's stupid and only for drug lords and scammers to use for their currency
>2015 user reads about Ethereum and decides it's too risky to buy and that smart contracts will never be a thing
>2018 user reads about chainlink and thinks that it's a scam and no one needs doracles
>2020 user reads about shiba inu and thinks it's a dumb dog coin scam and only 95 IQ reddit incels buy it
2022> user reads about truebit and thinks it's another cash grab scam and that no one needs trustless, scalable oracles to verify computational tasks on the Ethereum blockchain
This. I fell for their dumb ass shilling and bought thousands at 70 cents. It will prob take years for me to get back to break even, if ever. Fuck off
Brody Parker
FUCK FUCK FUCK WHY IS IT PUMPING?!?!?!
I told myself I was gonna wait til it got closer to 10 cents before buying more, especially because it looks like bitcoin will still dump. In truth I was planning to buy when it was under 15 cents, but that only happened briefly and I was waiting for my next paycheck.
What should I do? I am currently just trying to get 10k more TrueBit to reach my goal. Should I panic buy? I really really don't want to panic buy
I already have a substantial stack, so I'll be okay regardless, but I really wanted to buy more, was just hoping it would dump one more time
Isaac Nelson
wasn't this programmed to basically never pump. I remember reading some in depth FUD last year
Adam Scott
might as well ask the crowd, what is the "make it" stack for Truebit? I've seen some insane predictions on twitter but I assume those are all shill accounts. Could it see a run similar to LINK? Could it dwarf LINK in terms of ATH price?
Daniel Adams
How is truebit better than Chainlink?
Oliver Mitchell
yes
Robert Cook
kind of. it has a novel mint/burn/sell mechanism.
basically makes it very hard to pump - but also equally as hard to dump.
the tokenomics essentially make it so you bet on whether it gets adopted and used. If it gets adopted you'll see number go up steadily and expontentially. If it doesn't get adopted it'll crab for eternity.
Henry Barnes
it's used to pay for tasks on Truebit OS, all participants in a task also need to stake TRU as a security deposit. Truebit OS is node software that uses IPFS to receive task files from task givers, provide those files to solvers who then produce a deterministic computation and upload it to IPFS, and then allows verifiers to check the work done by solvers to make sure they didn't cheat. It's a system that more or less allows a blockchain to perform complex computations trustlessly. that's the zillion dollar question. both systems require a network of nodes, so it's not like truebit is more convenient. chainlink will use data medianizers, reputation, and staking+slashing to make sure nobody cheats, which perhaps has a slightly different trust assumption compared to truebit, but in both cases all you need is one honest verifier and the result doesn't get uploaded to the blockchain. so I don't know where truebit fits in. they both seem to effectively solve the same problem, chainlink is just much further along in building a network
Elijah Parker
proof pls, i literally only bought because of his face
> they both seem to effectively solve the same problem, chainlink is just much further along in building a network For that reason, I’m out
Hunter Brown
Trash project trash coin will dump , scam Truebit
Ian Price
FUCK ITS UP ANOTHER 2 CENTS!!! WHY DIDNT I BUY LAST WEEK?
PLEASE TELL ME IT WILL DUMP BACK TO 15 CENTS SOON!
Daniel Lee
20k checking in. checked and it's genius. TRUbit gives me such an autism boner I need to sign off before I stay awake all night pondering the green triangle.
It's a shitcoin that has a roof price then it becomes almost impossible to break out of it. Some where around 50c with current ETH price
Owen Wood
This is half true. Impossible to pump and insanely easy to dump
Kevin Edwards
I believe someone simply asked him and he said he wasn't working on it anymore. His job was to create all the components of Truebit OS and he completed it. It appears most recently he worked on some WASM stuff for Arbitrum. This isn't to say he could not return in the future, but he did his job, Truebit works more or less how it's supposed to. It's just not particularly clear who will use it and for what purpose, and whether it will be competitive with other forms of verifiable off-chain computation. I suppose you could argue that Chainlink nodes require a trustful high reputation DON to perform computation, but the implementation of staking presumably will change that. With Truebit, anyone can spin up a solver/verifier at any time and no reputation is required, only the stake. What bugs me a bit about Truebit is that it requires subsidies for the Verifier jackpot to be sustainable, but it's never been explained where that would come from (perhaps the original thinking was that MEV would help fund it?). Truebit also needs a pricing mechanism for tasks, which to be secure would need a price feed from something like Chainlink rather than just TWAP, but questions of this kind don't seem to have an answer either. I think in part because Truebit is a "pure idea" that does work, but is severely hampered by the primitive state of blockchain technology, so the devs didn't concern themselves with things they couldn't control and were content to wait for L1s that have near zero latency, however the push for L2s naturally has led to competitive developments in off-chain computation
