[Request] Polite request to witness @skylinebuds

3 months ago

Brief intro


  • Recently I've posted that I'm working on native gateway on #BitShares for SMOKE UIA (issued by Smoke.io). Since markets are horrible, and only active one on entire BitShares blockchain with some "decent" liquidity is RUDEX.SMOKE:BTS, I had to checkout what's going on with the price and why SMOKE is worth only 1/4 or 1/5 of a BTS.

SMOKE price. Should, shouldn't, etc...


  • Once blockchain was started there was publicly known that investors got in around $0.025 or $0.05 per 1 SMOKE token. Price goal during the launch was $0.10 and that goal is currently impossible to achieve with a current market makers and certain stakeholders around the network.

Anything under the price mentioned above is direct insult to investors, founders and all participants/employees of Smoke.io organization.

Advice to traders, witnesses and stakeholders of Smoke.io


Earlier today I've decided to move the markets with just as 1000 BTS. So, I went inside, cleaned up all from 0.02 BTS / 1 SMOKE till 0.032 BTS / 1 SMOKE.

I've noticed that 2 users of the #DEX / #Smoke were using Bots for market making and KUDOS to them for it. Accounts were chasing spread, not going bearish against the markets by throwing the price down.

Unfortunately, 45 minutes later I came back and price was down again as 0.02x BTS / 1 SMOKE... I've done some research and found out that our witness @skylinebuds is running account skyline88 on the DEX who is doing so. Even if you're doing it for profits, don't hold the price so low, please. If not clear on impact you're making, read below:

I'm not here to fud, I'm here to ask witnesses, traders and stakeholders to:

  • create markets for other participants and not for themselves only, or Smoke.io and it's price will never grow.
  • keep in mind to tune up/tweak your trading bots and do the spread correctly.
  • keep in mind that price for 1 BTS is currently 0.05 USD (5 cents). Selling SMOKE for anything under 0.5 BTS / 1 SMOKE is just suicidal nuke bomber mission.
  • keep in mind to stake your Smoke Power and follow up on all above so we can all grow together.

In the end, people who are selling at the moment low, if they just stop and think for a second, they can EARN more by following simple math from above.


This article is informational and not gives a #trading advice. I have no knowledge does Skyline is doing that intentionally or not (I believe its not, he is a good and a decent witness), so consider this as public explanation on simple math and economics how we can grow together.


Chee®s



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Where is sky anyway? His last post was 11 days ago.

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Spending more and more time offline and away for stress :)

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Don't worry about any of this. Take the time you need and keep doing whatever you'd like. Even if you are selling/trading low... Over time the markets will catch up regardless and everyone who ISN'T selling, holding on to their SMOKE, will raise the price, as the supply will be lower over time due to people HODLing SMOKE. Hope all is well, I wouldn't pay too much mind to anyone who doesn't care to actually be active in the community, but simply run a node, anyhow. I could care less about his technical background/knowledge, he contributes next to nothing to this blockchain, so don't mind him. He's just worried about his investment in SMOKE, not the actual blockchain or community, so he doesn't realize he could make 10x what he is now, which would be the equivalent of a 10 cent SMOKE, as even at 1 cent, he would have 10x the SMOKE. Keep doing whatever you'd like, not that I need to tell you that. ;) You're doing more for SMOKE than he ever has and have been a pillar of the community, so I support you doing whatever you please. Mass adoption will come and the markets will move more then. We are still in the first year of SMOKE, some things just take time and some people just have no patience.

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  • I have no patience for ignorance and was just waiting when you will come back for sweet "revenge"... You cooled off way tooo quickly that time, but I believe in good in people, so this one is on me.

  • Never invested in Smoke, so expecting no returns.

  • Been brought in by @officialfuzzy as someone who can manage the network/infrastructure well and has experience with it.

  • Did a lot more than "running a node", but you must be so "active" that you haven't got yet to it.

Chee®s

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I'm just glad to see you you are alright 😎

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I'm sure he is around, just maybe not so active. He did withdrawal few days ago and he is doing trading, so... :)

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So he lurking around? Observing? Well I guess that plausible. I did just come across one of his latest comments from a few hours ago.

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Nah, not lurking. Keep in mind people are in diff timezones, not all the time having content to post (which is completely normal), but do curate/comment :)

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That is lurking, not? When you just hang around mostly just reading. I thought that was lurking
🤔
I like your name. Every time I read it I go "murda-raaaa" with the voice of Ra from the online game Smite.

I think you don't understand how market works.

In order to sell smoke for $0.1 per coin, first you have to find someone willing to pay $0.1 per coin.

To find someone willing to pay $0.1 per smoke, we have to create value on the network for one to think: Fuck, this is good. I wanna be part of it. I wanna invest couple of hundreds, thousand, whatever and reward people for sharing knowledge, news, infos etc...

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I do understand. You need to understand that WE ARE the markets at the moment.

If there is no DUMP sell order of 0.01c nobody even willing to buy can make that purchase. So if SELLERS increase they price to 0.03c MAYBE we can see if the buyers are still willing to BUY or not.

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But you just said you cleaned from 0.2 to 0.32 (that's market manipulation BTW) and price dropped again to 0.27 atm, which means people are NOT WILLING to pay more.

I don't understand your logic. If nobody buys at 0.2 why would at 0.32??? You can't force people to buy at price you like.

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One could consider that a form of manipulation, but it is not an illegal one.

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  1. If I paid with my BTS on free market whatever someone was asking, I don't see it as market manipulation. Selling it back to myself would be that.
  2. I'm the guy willing to pay 0.5 BTS for 1 SMOKE (minimum) and see it as a starting price. I'm discussing here future of the network driven by people that are selling to 0.2 BTS (which is 1c USD).
  3. I don't have a stake here to sell something if the price is up. That SMOKE in my account is from consignment form with Smoke Holdings LTD and they are not mine to be used as I want.

My interest is greater value of blockchain/token for everyone

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  1. I see it as manipulation as you buy everything below 0.32 and forcing others to pay higher price. And you're going to sell it at some point, maybe at 0.32 xD

  2. What? You don't wanna pay less than 0.5 for smoke. So you're not buying now cos it's too cheap hahaha

Keep in mind one thing! Here are many members from Africa and Asia. Countries like Nigeria or India where average monthly wages are what? 50-ish dollars. Now, let's imagine one gets 50 smoke daily in rewards:

50 SMOKE x 0.01c USD = 0.5 USD/day
0.5 USD x 30 days = 15 USD

That's more than 1/3 of average MONTHLY wages. Those people need money now, not in a five or ten years, NOW. And I don't see a reason why they wouldn't cash that smoke out if that's going to bring food to the table...

Maybe you want smoke to the moon so you can lambo, but some people make for a living here...

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I do care for absolute poverty to be fixed, otherwise wouldn't be investing so much effort and time in ecosystems like this.

But please, keep in mind these rational questions:

Will they have a source of income once the entire Smoke.io is really fucked, gone and without option to see success or when post/rewards are nothing (like Steem today) ?

Wouldn't be nice if SMOKE worths 10c, and that same people earn 4 time more then now ?

Wouldn't be nice they cashout just 1000 SMOKE for 100 USD, instead ?

a) Its not unlimited supply so we can save the world.
b) It does have costs that are far from covered for very long time.
c) This is the place where we still need a lot of things to finish TOGETHER, not just reward and dump, before we can all get merits from it.
d) It will have MORE COSTS to see success (listings, marketing, redesigns, upgrade)

AND ITS ALL PAID BY THE BLOCKCHAIN. Supply from DPOS blockchain is what is funding us all. Authors, curators, developers, block producers, founders, co-founders, even fudsters and bots.

So, if we are already self-funded organization and our funds/income depends ONLY ON THE VALUE/PRICE of our main product (SMOKE TOKEN), why WE WOULD thinking of any excuse "why is ok to drop the price?".

As proper organization we should be WORKING HARD to find ways HOW TO LIFT THE PRICE UP.

DPOS is not an instant solution for any view of poverty, especially not absolute poverty. It's a tool given to people to try to make a change. Not just by rewards, but giving/appreciating the value back to the tech/ecosystem enabling us with such tools.

Chee®s

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I think you should be a Smoke ambassador. Visit the third world countries and explain that to poor people. When they hear that from you in person, they will understand that new shoes are not so important and they should wait for the western world to be happy with the price.

People will sell it at the price that suits them. It doesn't matter who's ok with that and who's not. What does matter is how much something costs in your country and how much you get when smoke converts to fiat.

People will buy it at the price that suits them. It doesn't matter who's ok with that and who's not. What does matter is how much something costs in your country and how much you get when fiat converts to smoke.

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I'm not that white dominant western guy you think I am, even if I do sound like an asshole most of the times. (its human ignorance what makes me that asshole tbc)

I do live in society where poverty is everywhere around me. Where security guard for a can of coffee have tears in eyes and saying "thanks" every time when I get him one...

Im just saying that if SMOKE reach price of 0.001c - they will have nothing to cashout, and if you wish them that... continue supporting 1c price please.

It's all I can say. Math is simple, economics are real, KPI on SMOKE NETWORK is now 6 months long and available, whats the result ?

  1. We have 1500 active users.
  2. 1/3 is ignorant, 1/3 is "in a chaos" and care nothing else, 1/3 is working hard to improve the network.

If you think math is wrong, just carefully look votes and comments on this thread.

Do you think 1/3 can win over 2/3 ?

As I was mentioning in Telegram, we are fighting the same issues with Whaleshares as well and are working towards pairing and gateways to EOS-based exchanges and Apps.

Smoke needs to do the same and find synergy with projects like Parsl and other exchange pairings.

Focusing efforts on cross-chain partnerships will help keep Smoke.io relevant in a broadening blockchain space. Keeping a private club of 1500 active users talking to ourselves in a billion dollar + cannabis marketplace is not the best end-game. Smoke needs to reach out.

It will take persistence, and constant 'hinting' by the community here that smoke can be a partner, not a competitor, to other cannabis-related ventures.

They can provide products and services, and Smoke.io can provide the community support and discussion groups for their users/customers.

Both sides benefit.

https://t.me/parslio

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And grow :) Win-win :) But seeing from that 1500 active users, that 3 are already not interested in lifting the price or the markets, where one of them is a block producer, I believe we have a bit bigger problem on our hands. Waiting for everything to clear up and do for the best :)

Joined Parslio :)

Exactly, Smokin' man.

You can't blame bots or certain people for the low price of SMOKE.

Price is so low, because demand is low and inflation is high, at the moment.

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Demand can't be set if we are the only users around. So WE as users/holders have to create initial demand and supply, not just drop everything for the lowest price just to cash out or create micro-profits.

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But this is how a market works, when people decide to dump SMOKE, it is their choice, not ours.
You can take advantage and pick up some extra cheap SMOKE.

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It is their choice, and a massive shame to dump at 1c what could be worth a lot more in a few months or 1 year from now. You can't even sell few hundred dollars worth at .25 BTS ... so you must admit it's shame to see a Witness no less, on here dumping at this price. Does show they either don't know they are doing harm, or just don't really care for the price - and thus long term prospects of this platform.

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Like the post is saying: "I'm here to say/give advice", not the change opinions or force anything to anyone.

I'm sure not gonna support block producer to be paid by the network to be the one who is putting the price down, so on the other hand - there should be some respect and explanation to it (as well mentioned in article, towards some people who actually invested into this network).

Now, you are 100% right when you say its all up to people.

You could have contacted Sky via DM instead of exposing him.
I doubt that with the volume we have in the markets what you proposing will work, it will take anyone in need to dump and the price will be down again.
The value of smoke will rise when we have more users and more brands joining, for that to happen what we need is good quality Cannabis related content
As a token holder, I could ask you power up the 99K you have in your wallet since you are a witness that`s what I think is fit, as that also gives value to the token.
Maybe he needs liquidity, maybe he wants to buy a friend a gift, who knows.

Markets should be left alone

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  1. If you just went through all the comments you would find under one of them, that SMOKE in my account is not available for use or its mine. About 5 minutes before your comment.

  2. I'm not "exposing" anyone. Cryptofresh.com, Transfers/Wallets, bitsharescan.com are all public. Blockchain ledger is public. I'm asking him publicly what's going on, as said in post I'm sure he is not aware of it since he is a good witness.

  3. You shouldn't be having such strong opinions without even reading the content properly.

  4. You are arguing with a friendly proposal/request to one of a network operators, telling me to leave the markets alone :)

I gave piece of advice how we can all together lift the price a bit up and introduce ourselves to more people outside by having greater value/more activity on the markets. If you're not willing to do so, also one of my comments is saying here "Like the post is saying: "I'm here to say/give advice", not the change opinions or force anything to anyone.".

Hope you can follow up on all, a lot you are missing from this thread.

Chee®s

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My apologies, I was writing this answer and writing a post and I missed that reply of yours

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Thanks, all this was is a public bashing towards me that is quite clear,

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ignoritobuds - please read number 2 and number 4.
3rd world countries or not, we all can read here, right ?

Thanks for the public bashing. You know this could have been sent over DM but you decided it was better to bash me? I have been having a lot of thoughts lately about crypto and blockchain and this about sums most them to the truth.

you are mad at me cause I what sold some smoke? as you tried to raise the price what what reason other than your own gain?

I think it is quite funny you call me out for this yet not one other person that kept on dumping when I was trying to keep the price up and kept getting dumped on yet you sure call me out.

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  • Read article until the end and stop bashing yourself with ignorance.

Let me sum up that italic in the end you've missed: This article is informational and not gives a #trading advice. I have no knowledge does Skyline is doing that intentionally or not (I believe its not, he is a good and a decent witness), so consider this as public explanation on simple math and economics how we can grow together.

  • Just spend 1k BTS today buying SMOKE, and actually never sold any.
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It's very obvious murda-ra only worried about himself, @skylinebuds, and not the community at this point. He contributes next to nothing to the community and the blockchain and then bitches a lot. It's pretty sad tbh. I lost all respect for him honestly when he called me out for my witness being down for a few days, then he went disabled for 2 months. He's not contributing anything valuable here and he's a hypocrite that's only concerned with raising the value of what he considers a financial investment.

His heart is not in this and neither is his head, only his pockets. Fuck him.

Like I said, just keep doing as you please, I'm definitely not complaining if you're the one selling smoke for 0.1-0.2 and even 0.3 lol.... I love the cheap SMOKE and I've been doing just fine trading and earning. The value will rise in the future the more we promote SMOKE and the more that people like me hold on to their SMOKE while people like you sell it for reduced prices... I'm happy about this, if anything. This is SMOKE's first year and we have a long way to go. If people want to be impatient and not see it's potential and get mad when things don't go their way or their "investment" is "devalued" then pay them no mind. Seems this guy likes to think he's got all the answers, when he contributes next to nothing to our community. Shrug

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Never SOLD any SMOKE though. Read or join ignoritobuds club.

Yeah.. I was sharing Smoke.io like crazy on Twitter for awhile there.... but my Smoke.io earnings dropped off so I stopped. Would be great to see Smoke on Binance and I will promote like crazy... so far I have sold no Smoke.

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That's part of the issue as well. People see dips in price and don't realize that more users coming in is part of what will fix that issue. When there are more people demanding SMOKE, the price rises... Stopping promoting SMOKE is only hurting it further, when if you continued, who's to say you won't inspire 10s or 100s of people to join, who create a higher demand for SMOKE? Or that you might get 1 or 2 serious investors/whales who buy up everything to where it's worth a lot more. Please continue to promote SMOKE and then you'll see that rise you're longing for... More users is part of the equation to rising the price and if people stop promoting simply because for a period of time, their own personal earnings are lowered... Not only is that a bad look on their part, but it's them also stopping themselves from SMOKE going up, as we are losing much needed promotion. The blockchain and community are still less than a year old, that's another thing to consider.... Mass adoption hasn't come yet and it may never, considering people take things like "less earnings" as a reason to stop promoting altogether and stop participating... :/

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Yup, smoke earnings drying up! Tecnosgirl tax time!

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This is why complete decentralization fails in this day and age on these kind of platforms.I feel the success of decentralised systems is possible only when humans have high morality. With selfish pricks like this guy who even after getting clarity of what tg meant and apologised, what does he do? Setup a script to fuck up the platform. If you don't like it here cash out and just leave.

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Bright and mighty comment! Thank you for having a real understanding on how DPoS works and what is the problem even with decentralized technologies...

WE - HUMANS governing them and fucking up them with our actions.

Chee®s

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It only shows that majority of people can't deal with decentralization or any sort of anarchy. People want to be controlled. They wanna be told do it or don't.

They want someone to say minimum price of smoke is...

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My reply was towards hightimes and I'm glad he stopped the flag war.
Decentralization is a double edged sword imo. As much freedom and liberty it allows it also has the power to take it away as quick as it comes. Exactly why a tight knit governance plays a huge role in sustaining and growing the network.
(key words=tight knit)

They want someone to say minimum price of smoke is...

There is some misunderstanding here as I don't see that

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In a kind of protective way. I think a bunch of people have planned at least part of income in smoke. Now they're in fear of losing everything, investment and/or income, and would like someone to draw a line and says it's enough.

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I see. The way I interpreted this is that the op was just putting it out there to value your smoke. I agree that certain people require the money but if it gets devalued then what good is it to the seller. So by following this it's most beneficial for day sellers. I'm hodlng so idc :p

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This is where you are all getting it wrong. Technology is decentralized, but needs a certain dose of centralized management. Not the people. Even author of Graphene (Daniel Larimer) said it himself.

If you believe that you can teleport from your body into decentralized world, probably we would be all decentralized in pieces, so yeah i'm missing the point on Decentralization you might have.

@hash and @skylinebuds flagging friendly post is not something I've expected earlier today when I was writing this.

I'll repeat this:
I'm here for the network to grow and see more massive adoption. Your actions are not supporting that and your replies/comments are definitely showing that you're not even interested to read/know what the real problem is, or you to be humble and accept if something you're doing is not so good.

My apologies if i bashed anyone, seems you all do very GOOD work and provide POSITIVE results around here, so please carry on with whatever you seems to believe its right or good.

For anyone with some real trading/crypto experience please visit:

https://bitsharescan.com/buy-sell/RUDEX.SMOKE_BTS

scroll down to Trade History, change to 200 rows visible, and you have 3 pages (most of the April), what, who and how much was pumping or dumping.

Chee®s

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Your problem is that you're ignorant and think you have the answers when you've got next to no clue about things. Then, you wanna try and "suggest" what someone does with their stake/earnings. If you spent half the time you do bitching, posting comments and participating, you'd have a larger share of the pool and while he's selling, you could be building your personal supply up. You'd make 4-10x more by actually being a positive and participating member of this community, as opposed to just running a node and bitching when you don't agree with what others do with their stake. You're clearly ignorant and it's not a good look. You clearly don't understand a thing about markets and supply/demand and the fact that this is all still young. It seems you run your mouth off trying to correct people, more than you care to see the blockchain flourish. Looking back at your comments, a small portion of them are even positive, you're just a negative person who's only concerned with SMOKE as an investment, not a community you wish to be a big part of, and it shows.

Don't like how things are going, just leave. We could use a lot less people like you here anyway. People like you give the community a worse rep, with your constant bitching and trying to act like you've got more of a clue than others.

P.S. - This was far from a "friendly post" as you say. You clearly took a shot at someone, like you have others in the past, and have no real room to run your bitch ass mouth off. Just shut the fuck up and leave if you're going to just bitch and cry constantly. Grow the fuck up.

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  • Wrong on investment/stake.
  • Wrong on age.
  • Wrong on my concerns regarding SMOKE (been on developers side more than authors).
  • Wrong about that you could use more space without people like me.
  • Wrong about who needs to grow up.

Chee®s!

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Splendid research done on my previous posts, comments and how/where i'm active btw.

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Thanks, You are right this was never a friendly post as he has done to you and a few others, It is like he wants to bash people to get votes removed from them?

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So you call me out on selling smoke? Why not call out anyone else that is selling smoke? If this was not ment to just be a public bashing then why just cal me out and center me out for selling and trading smoke? Why have you never called out @kwest for DUMPING weekly? Why not call out any the other witnesses that have sold over the last 7 months? How about all the times it was @rawpride and I that was trading and keeping smoke price at or around .5 then what It got dumped before you could sell? Like this is a pure joke?

You are name calling as well.... This seems to me like a thing for the keyboard warriors like you and many other witnesses to do.... I am over this childish bullshit that is for sure and this is why I have been less and less active. Maybe I will just keep dumping the price down just to piss you off. So you can call me out again and again and agian.

Maybe this is just you being pissed that I am second now and you do not like it cause you decided that smoke witness was not worth it? Or Maybe that whole 2 months you talked shit in tele saying your going to get back up I did not once call you out or for votes to be removed from you.

So you can keep calling me names lke @graylan and a whole bunch others do behind there mighty keyboard and you can call me out every time I sell some smoke.... But let me tell you your wasting your time cause I have no real care what you think about me, never have never will.

As for the flag I think I can flag anything I would like? Maybe you want to tell me what to do with that as well?

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Are they witnesses dumping price or just users ? Have you warned them to not do so as a witness ? Ah no, you've joined them.

I'm glad you brought up ranking.
You have some complex issues with ranks and positions ? See that first impression(fear) was that i'm going for it... Have to dissapoint you, I'm not, asked everyone just to place me in first 20 if possible, nothing more.

I have never had such behavior being #2 ranked witness since the launch until just 5 weeks ago. Never sold any smoke, did a lot of development, helped other users/witnesses of network, did fud on anyone deserving it, did few commits on the GitHub, fuded myself when I was being an idiot, said sorry when i was wrong, provided API/RPC from my own pocket even when witness was disabled, took responsiblity for 100k SMOKE under my own passport and consignment form to try to expand it to more people and possibly gateways, paid UI dev as well from my own pocket for gateway development, and still not interested in profits but success.

What are you doing as #2 witness of a network ? Dumping, flagging and ranting nonsense not even being called out, but used as example ? Are you shy of what have you done so this is your reaction ? Awwwww, I'll consider you to be my 'special case'.

And to be clear, I've picked my day to investigate the markets and possibly evaluate how to restore the price. It's not actually my fault doing some work while you were dumping at that moment. It was mere coincidence. And I haven't believed you were dumping until you came to rant.

Honestly was hoping its a bot with shitty spread and nothing more.

P.S. Everything what you or me or anyone else say or do is written forever on both immutable blockchains (Smoke and BitShares). In 5 years from now, everything what you and me did, or said will still be here.

I guess ill be patient for time and blockchain to show who is who around.

Meanwhile after this happened I sold 325 Smoke and I managed to bring the price from 0.24 BTS/Smoke to 0.20 BTS/Smoke. When I was looking at the sell orders it was literally filled with orders exactly 100 Smoke (not sure how many zeros were actually there), from somewhere at 0.35 BTS/Smoke all the way down to 0.25 BTS/Smoke.

It is just scary that with very little smoke the market can be manipulated just like that 😱