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Author Topic: How much is Flare going to be worth?  (Read 262 times)
paramind22 (OP)
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December 06, 2020, 06:22:11 PM
 #21

Coinbase just announced they will support it and give it to XRP holders there.

paramind22 (OP)
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December 06, 2020, 06:24:33 PM
 #22

What if a lot of people buy this to stake?  You need a lot of a coin to stake.  I stake about 15 coins on four computers dedicated to that.  It's not very much money totally but it helps keep the house warmer and produces a little coin to trade for Bitcoin and stable alts.  I don't know what Flare is as far as a staking coin, what percentage of return.  A lot of staking coins have return rates of like 250% a year. 

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December 07, 2020, 12:38:47 PM
 #23

What if a lot of people buy this to stake?  You need a lot of a coin to stake.  I stake about 15 coins on four computers dedicated to that.  It's not very much money totally but it helps keep the house warmer and produces a little coin to trade for Bitcoin and stable alts.  I don't know what Flare is as far as a staking coin, what percentage of return.  A lot of staking coins have return rates of like 250% a year. 
Im not sure about this but it seems like flare will not use a common staking mechanism that being used by the majority of POS platforms. Have you seen this?
https://flare.ghost.io/theflarenetwork/

You can see how spark token can be used to get FXRP. It was using the spark token as collateral. I don't even feel bad about this but i doubt this can attract a lot of people to buy spark token.

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paramind22 (OP)
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December 07, 2020, 03:33:36 PM
 #24

What if a lot of people buy this to stake?  You need a lot of a coin to stake.  I stake about 15 coins on four computers dedicated to that.  It's not very much money totally but it helps keep the house warmer and produces a little coin to trade for Bitcoin and stable alts.  I don't know what Flare is as far as a staking coin, what percentage of return.  A lot of staking coins have return rates of like 250% a year. 
Im not sure about this but it seems like flare will not use a common staking mechanism that being used by the majority of POS platforms. Have you seen this?
https://flare.ghost.io/theflarenetwork/

You can see how spark token can be used to get FXRP. It was using the spark token as collateral. I don't even feel bad about this but i doubt this can attract a lot of people to buy spark token.

It might make people more money in a year by keeping it and earning FXRP.  FXRP after all has "XRP" in it which is promising. 

I wonder what the memory and CPU usage will be to have the Flare wallet running on one's computer. 

jostorres
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December 07, 2020, 03:59:21 PM
 #25

Pennies for something that is this much distributed is not really that much of a bad thing. Think about it this way, if you bought XRP at 50 cents (and it was 25 cents just a month or so ago, so you could have gotten it a lot cheaper) you would have about 1000 xrp for just 500 dollars, and if it pays out just 2 cents per spark, that would mean you would have 10 dollar profit right there without doing anything. I would say that is a good deal.

If you bought at 25 cents however, which was possible for a very long time, and it gives you 5 cents, we are talking about making 20% of your return just from one fork of it. That is why there is a chance it could make people a ton of money, or may not make any money at all but people rather take that chance since its free.

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