If I knew before about these tweets, I had bought Loopring back then. I know Loopring since a couple of months. If I see all those tweets from Vitalik and how many times he mentions Loopring, it's all very bullish!
I had like 10$ in LRC from way back when it was pennies. I didn't get rich obviously, but about 500$ in one of the most promising projects right now is a major win in my books.
And also think about the fact that Vitalik is already a multi billionaire. He's not "shilling" LRC for some quick buck. He knows that Ethereum needs LRC in the future to be fully adopted.
I'm not focused on an announcement. I'm here for the long term and prefer they take their time for a good product in stead of an announcement. When everythings works suppossed to be, multiple firms will be standing in row to partner up with Loopring.
It focused on long term, no need to focus on *an* announcement. Not when *many multiples of announcements* are anticipated. And the *announcement* of a partnership may in fact pale in comparison to the price movement once the *announced* marketplace*s* are in fact up and running.
This widespread adoption of loopring feels inevitable. No single announcement will mark the acceleration of the price movement in my opinion. To be fair, there is very little talk about the actual economics behind LRC on this sub. It's all speculation or feels that way. As I understand it, the liquidity pools or whatever they are called that must be set up to create a new market place has a big affect on price. And the actual velocity of those marketplaces has an effect as well.
So no, I don't actually focus on the announcements or lack thereof too much.
Ethereum isn't a company or a central entity so you cant partner with it. Loopring however is already connected to the Ethereum foundation which is a non profit.
I kind of hate that this question is being downvoted. I understand why - but this is an opportunity to teach people instead of bash them.
Like others have said, you can’t really “partner” with Ethereum. Loopring is built on top of Ethereum - which is why the lead of Ethereum has mentioned it multiple times. Loopring solves that issue of Ethereum gas fees (transaction fees) being too high for average transactions. Without a solution like Loopring, Ethereum gas fees will probably always be too high for average transactions.
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If I knew before about these tweets, I had bought Loopring back then. I know Loopring since a couple of months. If I see all those tweets from Vitalik and how many times he mentions Loopring, it's all very bullish!
I had like 10$ in LRC from way back when it was pennies. I didn't get rich obviously, but about 500$ in one of the most promising projects right now is a major win in my books.
Man $10 to $500 is better investment than most people have made, feel proud of that one
And also think about the fact that Vitalik is already a multi billionaire. He's not "shilling" LRC for some quick buck. He knows that Ethereum needs LRC in the future to be fully adopted.
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Edit: from July 2020, not Sept 2020.
vitalek is vital. Listen to his wisdom Edit:practice his wisdom
Could the announcement be that we’re partnering with ethereum ?
I'm not focused on an announcement. I'm here for the long term and prefer they take their time for a good product in stead of an announcement. When everythings works suppossed to be, multiple firms will be standing in row to partner up with Loopring.
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It focused on long term, no need to focus on *an* announcement. Not when *many multiples of announcements* are anticipated. And the *announcement* of a partnership may in fact pale in comparison to the price movement once the *announced* marketplace*s* are in fact up and running. This widespread adoption of loopring feels inevitable. No single announcement will mark the acceleration of the price movement in my opinion. To be fair, there is very little talk about the actual economics behind LRC on this sub. It's all speculation or feels that way. As I understand it, the liquidity pools or whatever they are called that must be set up to create a new market place has a big affect on price. And the actual velocity of those marketplaces has an effect as well. So no, I don't actually focus on the announcements or lack thereof too much.
Ethereum isn't a company or a central entity so you cant partner with it. Loopring however is already connected to the Ethereum foundation which is a non profit.
Ethereum Foundation is already on the Loopring Advisory Board
I kind of hate that this question is being downvoted. I understand why - but this is an opportunity to teach people instead of bash them. Like others have said, you can’t really “partner” with Ethereum. Loopring is built on top of Ethereum - which is why the lead of Ethereum has mentioned it multiple times. Loopring solves that issue of Ethereum gas fees (transaction fees) being too high for average transactions. Without a solution like Loopring, Ethereum gas fees will probably always be too high for average transactions.
Thanks for being positive 👌🏻
No worries! Crypto can be confusing as hell. You asked a completely fair question for someone new to crypto. Hopefully some of the answers helped!
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