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@Kitty4D on the B-Chain
just my adventures with the blockchain, web3, cryptocurrencies, and NFTs
Developer, Content Creator, NFT Hodler, Degen, Former Camgirl
aka @Kitty4DHD, @kitty4Do, $kitty4d
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Post by kitty4d

2021-12-17
• 9 months ago

quoted repost

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kitty4D
2021-12-17
• 9 months ago
i am not going to put my FR to 0% like i see people have tried to persuade others to do, because this seems like a great way to lose money for my existing hodlers. someone buys in when it is at 0% because then they expect others to buy in, and then they can sell immediately and take money out of the coin, and they had less risk going in because of the FR at 0%. it makes the possibility of messing with my coin hodlers much less risky for someone. my current hodlers who got in with the current FR and with $DeSo lower than when they got in would need much more to happen to want to sell my coin, so the new buyer is not that worried that their buy-in would trigger a sell-off from existing hodlers. am i missing something in this? i have never taken $DeSo out of the system and i am sure that is verifiable, so it cannot be a question of thinking i would be interested in taking the FR out of the ecosystem. so does the person desiring 0% not believe in $DeSo in general or do they think they deserve better than everyone who already has bought in? or do they think they are really doing something benevolent? Posted via @cloutfeed
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all of this being said, and i will say a little more in this post, if you are someone wanting to buy a very large amount of $kitty4D, and you want to discuss FR ahead of time- you can message me. if you would become the largest investor with your buy-in, then of course i am not silly. but i cannot believe that someone wanting to invest a large amount in me would trust investing in me if i simply went to 0% to all buyers because of a holiday or special occasion or because everyone else is doing it. if i were looking for a creator coin to invest in, i would choose a coin from a person that looks out for the interests of their hodlers. i do understand that it costs more to get the same amount of my coin as existing hodlers, that is the way it works. if you had believed in me when they did, you would have had that chance. that is their reward. i'll treat you as well as i treat them, and i reinvest into myself to help keep my coin steady for you as i did for them. i am interested in lowering your risk, also, because it is good for all of $kitty4D. but of course as my first paragraph says, i wish to do the best by all hodlers- and a large investor coming in and wanting to negotiate my FR ahead of time could very well be in all of our best interests. i just see the potential for abuse and wanted to talk about it 🥰
fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo fizzler Profile Photo kitty4D Profile Photo kitty4D Profile Photo fizzler Profile Photo MayaCoin Profile Photo
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comments

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fizzler
2021-12-18
• 9 months ago
Why do you assume that someone buying at 0% is going to immediately sell? I don’t think there are that many hard core traders here that go that deep. 0% FR is just a tradition we do on special occasions. The 0% buyers have the same benefit as your investors that are in the green on your coin. Anyone who holds long enough will be in the green eventually if your coin goes up. People can play short term trading games if they want but on the flip side you want long term HODLers so it’s a good test to weed out the short term investors. If one of your investors is afraid of new investors coming in at a 0% FR, they not one of your 💎✋ anyways.
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kitty4D
2021-12-18
• 9 months ago
and sorry i am confused by this part - "it’s a good test to weed out the short term investors" isn't a short term investor is way less likely to buy in when the FR is >0? isn't the good test to see who buys in when the FR is NOT at 0?
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fizzler
2021-12-18
• 9 months ago
It doesn't matter long term/short term, you want a low entry price regardless? You could have your FR at 50% and a short term trader sees something big happening where they think you are going to suddenly spike and do the same thing they would normally do if you were at 0%.
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kitty4D
2021-12-18
• 9 months ago
and then how does the creator ever earn anything from creating? we have a limited number of our own coins. we buy a certain amount of our own coins in hopes to keep it as stable as possible. no one can make a living selling their creator coin indefinitely because it would run out and the money they have earned being used to buy back in doesn't make sense. obviously i am a long way away from even hoping to earn from this, but.. i am doing a lot of work and would like to one day!
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fizzler
2021-12-18
• 9 months ago
Yeah, you can't sell your coin either because you will be accused of rug pulling. You only gain from the popularity you get from your coin price + the FR you receive. I'm glad we have diamonds and NFTs as well because I'm not sold on the coins idea myself.
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kitty4D
2021-12-18
• 9 months ago
to follow up, none of my coinhodlers has ever said anything to me about what to do, though i have told almost everyone directly that i am always happy to hear advice or suggestions from a coinhodler. i didn't consult with anyone about it because i never considered going to 0% for any and all buyers. it's because i think most of my hodlers are diamond hands that i look out for their interests. someone who believes in my coin and would also be a diamond hand would not require a 0% FR or would be happy to write me to discuss it ahead of time.
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fizzler
2021-12-18
• 9 months ago
There are 2 identical antique lamps in a shop that you know are going to rise in value. One is double the price of the other. Do you buy the double priced one because you are planning to keep the lamp a long time? Or do you buy the same lamp at half price knowing years later you can make even more?
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kitty4D
2021-12-18
• 9 months ago
is there a clone of me putting out the same content as me that i don’t know about?? 😅 of course if I were competing with myself and I decided to sell at half price, I would have to adjust my price to compete with myself in the market
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fizzler
2021-12-18
• 9 months ago
If you change your FR then yes, 2 versions of you, one with lower FR, one with higher. You are the 2 lamps in the store and I would say it doesn't matter if a buyer is short term or long term, they are going to like the lower price over the higher. That's my point.
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kitty4D
2021-12-18
• 9 months ago
sorry - the other way to make money is with nfts. this is why i create little nfts here and there with low prices. if someone likes my content and wants to give me a tip, they can be nice and buy one. (and i have 10% going to hodlers, 5% to me on them, which i don't fully understand yet but that's ok) @cloutfanz does have a tip system but people see my content for CC, which again i only actually can earn off of via the FR. i'm just posting all of these thoughts to gather them myself, i'll probably make a post about this soon to hear from others.
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fizzler
2021-12-18
• 9 months ago
You get the FR% in your account as DeSo when someone buys your coin. For NFTs, the 10% in your example goes into your coin price but it is locked so not sellable by anyone. The 5% in your example goes to your account as DeSo. Hope this helps some.
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kitty4D
2021-12-18
• 9 months ago
i could sell 0.1 of my coin here and there and take a little money and no one would think rug pull, but it's a finite amount of my coin that i hold- it runs out. i can't take profit i made from selling 0.1 to buy my coin back or i may as well not have sold it. there are no dividends. the way a long term creator makes money here has nothing to do with the value of the creator coin right? it would be by having a ton of followers where you might possibly make a few dollars per post off of diamonds, or from the FR. maybe i am missing something here?
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fizzler
2021-12-18
• 9 months ago
I have seen project accounts say "we are investing some of our coin in this thing which will make us even better in the long run" but it's risky and people might see it differently and sell.
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kitty4D
2021-12-18
• 9 months ago
i'm just unclear on how you think it really benefits a long term creator to put their FR to 0% for all buyers. say someone bought a ton of my coin when i had it at 0%. now my coin would be priced even higher yet your argument was about selling something at half price. so will more people still buy? or did i just lose the potential for people who would have bought it at the lower price even with some FR still enabled? if i were here looking to cash out eventually, YES, i would ABSOLUTELY put my FR at 0% right now.
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fizzler
2021-12-18
• 9 months ago
It's just supply and demand. If your FR is lower, more will buy, if it is higher, less will buy. I guess they put FR at 0% to get more buyers. They buy their own coin as well but it's just to pump their own coin because selling is a no no. It's not really investing in yourself if you can't ever sell.
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kitty4D
2021-12-18
• 9 months ago
then what are you talking about! just having a large coin value for the status symbol? obviously i want to do the best for my coinhodlers but their benefit should come from my benefit. you don't profit from a stock in a company (unless shorting) when they aren't seeing some kind of benefit for themselves also. my interest is in helping all of us out. not just me. not just the buyers. both.
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fizzler
2021-12-18
• 9 months ago
You: increases your status Buyers: they make money when/if they sell because you bought and it went higher That is both.
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kitty4D
2021-12-18
• 9 months ago
you can't live off of status! what benefit do bro-points do for me?? 😂 i can see the t-shirt now "i work 40 hours a week and all i got was this lousy status" a premise of this platform is NOT "you can post here and EARN STATUS" come on now seriously???
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fizzler
2021-12-18
• 9 months ago
Welcome to DeSo. You can live off of status sandwiches 😂 I have made a small chunk here but it wasn’t from my coin price. Selling NFTs mostly.
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kitty4D
2021-12-18
• 9 months ago
alright i discovered a benefit from getting more buyers to help your side of the argument. having a higher priced coin will make your comments list higher which could mean you will end up receiving more diamonds because you'll be seen more easily in big threads 😁
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fizzler
2021-12-18
• 9 months ago
Coin price is everywhere, just compare DeSo to real life. Does how much you make or how much you have provide benefits? It's all about the benjamins.
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kitty4D
2021-12-18
• 9 months ago
yes so then i simply don't understand your original argument 🤣 people can become popular and acquire status without people ever buying their coin. people can also do that while having FR set to >0% but you've been arguing that it is better to have FR set to 0% why? i think my point is valid, that as a buyer i would also be wary of someone who puts their FR to 0%. maybe people are not considering that. like i said, if i had intentions of cashing out, i would immediately go to 0%. therefore i see an extra risk to going to 0% as a legit creator
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fizzler
2021-12-18
• 9 months ago
I never said it was better. I said it was a tradition we have here on special occasions. What do you mean by better? Actually check your messages before answering, I feel we are talking in circles here and we are like 7 lamps talking in multiple threads lol
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kitty4D
2021-12-18
• 9 months ago
I kept asking how it would benefit the creator. Something having a benefit is better than something with no benefit. You said it benefits the creator by giving them status.
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fizzler
2021-12-18
• 9 months ago
Oh ok yeah. Better is vague. Some people may not want status. That would not be better for them. :D
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kitty4D
2021-12-18
• 9 months ago
but obviously they will, but how is that any benefit to me? anyone who wants to sell something can price it lower to try to attract more buyers. however here i don't make anything off of someone simply owning my coin. yes the value of my coin goes up and that's only good for my hodlers. yes i own most of my coin but HOW CAN I EVER SELL IT. i can't. i'm not here for one big cash out. projects that make alt accounts can do a cash out. but my "project" is my life? this is my photo, my posts. if i sell any of my coin that's coin i don't get back.
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fizzler
2021-12-18
• 9 months ago
Yep, that's why my coin is so low. I bought some up front but then quickly realized why? When someone buys your coin you get the FR% that's basically it. It doesn't offset the price you paid to buy your coin so I don't see the value of them really. If you sell an NFT, some of that goes into your coin locked so that's cool I guess. I think if you want to see what your true value is, you wouldn't buy any of your own coin and some people have done that strat. That is what I should have done I guess. I'm not sold on the coin idea.
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kitty4D
2021-12-18
• 9 months ago
i buy my coin so that if people sell, the value does not radically shift hurting all the other hodlers. because i believe in myself. i think the content i can bring to the platform over time is worth a very large investment, ofc anyone able to make a very large investment needs to see more of me to trust that. if and when that happens, especially if i lowered FR for that person, i could discuss with that person the option of me selling any of my coin because maybe i no longer am providing any stability on my own. but i doubt i would want to.
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fizzler
2021-12-18
• 9 months ago
That's very noble and what I did in the beginning. But the reality is, you buy your coin and you can never sell it without being shamed and called a rug puller followed by everyone selling your coin. Even if you sold a small amount on intervals like you said, people would find out. It's all on the chain. Ideally this would be a market just like any other but it is not perceived that way and emotions get in the way when people are coins.
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kitty4D
2021-12-18
• 9 months ago
i very strongly doubt that anyone would consider me a rug puller if i took out 0.1 of my coin- for one i would discuss this with my top coinhodlers beforehand. i don't think someone would lose confidence in me for that. i wouldn't lose confidence in someone who did that. but i simply do not plan to sell my coin, this was my original point though! you are telling me that you see a benefit in me going to 0% FR but you seem to agree when i say i won't sell my coin. so where do you see the benefit of 0% FR coming from? attracting buyers but for what?
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fizzler
2021-12-18
• 9 months ago
FR 0% = more buyers. More buyers = higher coin price. Higher coin price = perceived popularity. Some people just pump their own coin really high for this reason. Think of it as buying popularity. Look to the right. "Top Creators All Time" elonmusk is not even here and he is #1. A lot of metrics are based on coin price. You will see lists like "most active creators." Yeah it's the most active that also have the highest coin price. I don't agree with it but that is just the reality.
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kitty4D
2021-12-18
• 9 months ago
obviously if everyone just sold everything at half price it would be wonderful for the buyers
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kitty4D
2021-12-18
• 9 months ago
no assumption, i don't know what would happen. the reason why i said to be wary is because of the listing on coinbase and people having seen the rise and dip and people wanting to get out now but still recoup/profit. with many people having their FR at 0%, anyone with bad intentions can meticulously choose. if someone wants to buy, message that you are buying some amount where you feel that my current FR would be too much, i am happy to hear it and adjust temporarily if it makes sense for me and my current coinhodlers. i would do the same for them.
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fizzler
2021-12-18
• 9 months ago
OIC, this goes back to people being coins. If you buy Apple stock and wait for a day and the sell it, nobody says you are malicious. If you do that here, it gets muddy. I've been trading for years so this doesn't bother me. It's normal market moves. You have short term and long term traders, it's a given. Interesting to watch it unfold. The emotions tied to people as coins could kill the whole idea together.
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MayaCoin
2021-12-17
• 9 months ago
Agree, no pressure to do anything! Just do what feels right for you! I’ve never lowered my FR to 0% before, have never increased it either in fact
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      Body: "i am not going to put my FR to 0% like i see people have tried to persuade others to do, because this seems like a great way to lose money for my existing hodlers. someone buys in when it is at 0% because then they expect others to buy in, and then they can sell immediately and take money out of the coin, and they had less risk going in because of the FR at 0%. it makes the possibility of messing with my coin hodlers much less risky for someone.  \n\nmy current hodlers who got in with the current FR and with $DeSo lower than when they got in would need much more to happen to want to sell my coin, so the new buyer is not that worried that their buy-in would trigger a sell-off from existing hodlers.\n\nam i missing something in this? \n\ni have never taken $DeSo out of the system and i am sure that is verifiable, so it cannot be a question of thinking i would be interested in taking the FR out of the ecosystem.  so does the person desiring 0% not believe in $DeSo in general or do they think they deserve better than everyone who already has bought in? or do they think they are really doing something benevolent?\n\nPosted via @cloutfeed",
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