norules

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norules

norules

@n0rulesnvr

picking up dollars in front of a stroller @polymarket

Katılım Eylül 2016
191 Takip Edilen150 Takipçiler
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norules
norules@n0rulesnvr·
every day on this app
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Hyperbeat
Hyperbeat@hyperbeat·
Liquid Banking is the native onramp and offramp for @hyperliquidx Deposit and withdraw directly to and from Hyperliquid in the currency that fits where you are. Your money moves as freely as you do. On-ramp: 🇺🇸 $USD — US Dollar 🇪🇺 $EUR — Euro Off-ramp: 🇬🇧 $GBP — British Pound 🇦🇪 $AED — UAE Dirham 🇹🇷 $TRY — Turkish Lira 🇮🇳 $INR — Indian Rupee 🇺🇸 $USD — US Dollar 🇪🇺 $EUR — Euro Upcoming: 🇧🇷 $BRL — Brazilian Real 🇨🇦 $CAD — Canadian Dollar 🇵🇭 $PHP — Philippine Peso 🇸🇬 $SGD — Singapore Dollar 🇲🇾 $MYR — Malaysian Ringgit 🇮🇩 $IDR — Indonesian Rupiah 🇻🇳 $VND — Vietnamese Dong 🇦🇷 $ARS — Argentine Peso
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norules
norules@n0rulesnvr·
@0xd1namit they should have excluded anyone who doesn't have 10k at this point from ever joining the program🧐
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d1namit
d1namit@0xd1namit·
If you're gonna trade on Polymarket to get 10k$ volume today to get ref link How tf you was writing content if you don't have even this low volume? We don't need your article about quant formulas, go trade mfer
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norules
norules@n0rulesnvr·
@DustinGouker Kyle Salami is a crypto guy and mostly not taken seriously even in that bubble
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Dustin Gouker
Dustin Gouker@DustinGouker·
idk how are we supposed to take these people seriously
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Josh
Josh@devjoshstevens·
Excited to join @Polymarket as VP of Engineering. I haven’t seen a hungrier team in my career, the talent density here is insane. We’re building the future of how people understand the world. What should we build next? What’s broken? What’s missing? Drop it below. P.s we are hiring world class people in NYC DMs open
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norules
norules@n0rulesnvr·
"Polymarket better do this and that before hip 4 rolls out" man stfu
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norules
norules@n0rulesnvr·
dot HLs thinking Hyperliquid is somehow gonna crush Polymarket is hilarious to me nobody will ever say "Check the Hyperliquid"
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norules
norules@n0rulesnvr·
@primo_data it's for companies that larp about being crypto
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Primo Data
Primo Data@primo_data·
I still find it very odd that blockchain data providers feature off-chain companies.
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PredictTrader
PredictTrader@polymarketbet·
The $POLY token is approaching, and here's why. My prediction: $POLY within 6 months. FDV $100B. 1. The recent "big announcement" from @mustafap0ly disappointed many as it clearly hinted at a token. Initially I received some confirmation that this announcement would not be related to $POLY and the audience is currently disappointed precisely because they were overly focused on $POLY. But if you put aside your emotions, this news literally screams that $POLY will appear much sooner. 2.A referral program is a cheap traffic generator; we'll get a lot of people spreading referral links, and a LOT of spam. I think it should have been strictly limited from the start to prevent spam; otherwise, we'll get more annoyance than new users. I've never shared my referral link with X and don't plan to. 3. By introducing fees Polymarket will show revenue of 100-200 million per month within the next quarter making it the most profitable protocol in all of crypto. Polymarket will start earning more than $HYPE. Hyperliquid's current TVL is 38B. and Polymarket will start earning more within the next quarter. If you're not bullish on $POLY - I don't know what you're doing in crypto. $POLY has potential to be $100B FDV. 4.From hints from Polymarket's key investors we know that Polymarket is planning an IPO + airdrop + possibly an ICO all at the same time. For a company like Polymarket it needs to demonstrate revenue and a sustainable business model. Fees are a key step before the IPO - meaning $POLY is getting much closer. Possibly within six months. 5. Polymarket's competitive advantage isn't the absence of fees, but rather the fact that, unlike a "regulated platform," the majority of Polymarket's volume is still focused on prediction markets rather than sports. Prediction markets are overly focused on sports - turning into books with less attention paid to the predictions (especially the green regulated platform in the US which copies every action from Polymarket and presents it as its own ideas - with up to 98% of its volume coming exclusively from sports betting; using regulatory arbitrage to attract users from states where sports betting is illegal).
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norules
norules@n0rulesnvr·
@securezer0 @0xd1namit Remains to be seen how negatively this will affect Poly's volumes, I don't expect a big hit but we'll see
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SecureZero 
SecureZero @securezer0·
Polymarket loses to the web2 alternative (kakshi.. etc) with a fee model like this, fees applied differently (where its not a tax on users bids) is an improvement. For arbitraging its not really an issue, minor decrease in profit perhaps depends on your strategy. With maker rebates i suspect i end up making more
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d1namit
d1namit@0xd1namit·
Polymarket is rolling out fees for all markets + referral program You will earn 30% from direct refs And 10% from indirect "The more that users you refer trade, the more you’ll earn — also increasing your allocation in all future rewards." Read more here: docs.polymarket.com/resources/refe…
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norules
norules@n0rulesnvr·
@securezer0 @0xd1namit Most of these solutions are also fees just applied differently and would lead to lower revenues for polymarket than the new approach Can't blame a company for trying to be profitable Don't get me wrong, I do a lot of arbing so this change is very negative for me also
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SecureZero 
SecureZero @securezer0·
SecureZero @securezer0

'Polymarket Rewards Farming' is a giant psyop by Polymarket KOLs likely paid for or heavily incentivized by Polymarket And its pretty clear why - LP is "getting paid to lose money", as I've been told by numerous market makers - all the LP leaderboards mispresent rewards as PNL and do not count for the capital loss traders encounter when they get filled on one side of their positions and then cant sell for a good price / before resolution - actual ROI is far less than presented, and for most traders negative. believing that the airdrop covers shortfall and more - market makers do not want to touch PMs because of the very real insider risk, both Poly & Kalshi had to give equity to MM's to get them to LP - effective LP is an incredibly complex system of automated checks and balances - low effort, profitable LP, is only viable if Polymarket sponsor deep rewards which is not financially viable for them long term Low liquidity is the #1 driver of the fee switch that's slowing being turned on for all polymarket markets Polymarket needs to somehow find millions of dollars every day to pay for the liquidity rewards of their markets to get more USDC on the books Unless a better solution can be found, Polymarket will tax users on every buy & sell to generate enough revenue to satisfy investors and pay market makers And if they introduce fees on all markets, the average bettor would be better off on a traditional sportsbook than gambling on Polymarket - Same odds (after fees) - Clawback / cash incentives on sportsbooks - Regulated / reliable rules on sportsbooks - Insider traders get banned / arrested Here are some better solutions: - Generate revenue by taxing the bots that are extracting USDC from real users - Charge a 1% flat fee on profits ONLY (sell value - principal) - Create some LP pool derived of POLY token that is used to provide liquidity on markets programmatically. - Fees on extensions of the existing product, parlay / derivatives / leverage. Polymarket moat is not wide enough to give up one of its biggest value add: no fees & better odds.

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norules
norules@n0rulesnvr·
@holy_moses7 So far slop posters haven't been punished from what I have seen I remain hopeful that traders will be regarded 🙏
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Moses
Moses@holy_moses7·
@n0rulesnvr They won’t forget the traders, also surely people posting poor and misleading content will be punished
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norules
norules@n0rulesnvr·
Lots of controversy about today's Polymarket announcements. Dunno why people actually expected an airdrop/token announcement, they wouldn't tease it like that if it was. Regarding fees, makes sense for them to introduce fees. Crypto projects can't drop a useless government token anymore. Fees introduce real token utility in the form of rebates or buybacks. In the long term we want Polymarket to be sustainable. I don't understand the high fees on mention markets, a segment where their competitor is currently doing better and where they have room to grow. And while affiliates undoubtedly contribute to growth of the platform they've also led to a lot of criticism of the platform by people outside of our bubble. Personally I am hoping they won't overvalue refs. Some reflink spammer shouldn't get a higher allocation than people trading high volume for years on the platform. Majority of earnings from reffing should come directly from the affiliate rewards.
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SecureZero 
SecureZero @securezer0·
@0xd1namit remove many of Polymarket USPs - no house edge - 'the best odds' - new ref system rewards encouraging gambling (uninformed betting) on highest fee markets (crypto up/down slot machines)
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norules
norules@n0rulesnvr·
@gusik4ever Dope I was already looking into it for the same goal
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norules
norules@n0rulesnvr·
@Remember_Amalek What's the alternative to fees? Them spending VC funds until they run out? Not sustainable. Agreed on how bad many of the ref accounts are/were. Clearly just trying to use made up "strategies" to get more referrals
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RememberAmalek
RememberAmalek@Remember_Amalek·
All good things must come to an end. I was an advocate for Polymarket for the sole reason that, without fees you could gamble and not be destined to lose long term. Now with these fees, the house has been introduced to the equation, the party that all gamblers despise. The referral program exists so all the “influencers” can act as an intermediary between new users (that will likely lose long term) and Polymarket, taking a cut of the fees they generate. So now I can lead lambs to their slaughter and profit in the process. I’m pretty undecided on doing so. Passive income and potential airdrop upside, but then I’m a sellout doing harm to the average person that reads my tweets. There is a certain culpability that you take when encouraging via direct financial incentives users into trading where the supermajority see losses, many simply don’t want to be apart of that. To center with such emphasis the act of referring users to the site with this carrot on a stick really leaves such an awful taste in the mouths of so many users who never liked the existence of the referral system in the first place. Feels like the idea of “fair” or at least less exploitative gambling is dead, even if sharper users can still win. The Polymarket team clearly wants the highly profitable traders to be active on social media which is why they deceived us into creating X accounts on the pretext of joining a leaderboard which never existed and instead only a referral link system which effectively none of the best traders utilize in any form was offered up as some consolation prize which many didn’t want to partake in and never did, now it’s effectively being forced on the rest who didn’t ask for this. They have then went and tried to control what the users who haven’t exploited this easily exploitable system have to say on the platform we were asked to join far beyond a degree of censorship which is reasonable. So go ahead and take my badge too if we’re censoring reasonable statements on a seismic shift on the function of the site, pushing users so much harder into this referral system that so many already despised when the only users actually using the prior referral system were many of the worst behaving actors on the platform, it’s extremely juvenile for a 20 billion dollar entity to engage in this type of petty retribution for what was ultimately a tame post about these changes. Many of the users of the platform are not the type of people to sit idly by and be pushed around and babied on what we’re allowed to say or not especially when it’d be considered by most as well within reason especially given what ALL of us have silently put up with, largely without anyone airing ANY of it outside small communities and friend groups. #freewanker #justiceforwanker
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Sonix
Sonix@akaSonix·
@0xWast3 There's no way that even a single human being believes this shit.
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wast3
wast3@0xWast3·
My bot is 12 seconds faster than Polymarket - and this is no joke built a bot that analyzed Real Madrid vs Atletico 3:2 in real time latency: just 8–12 seconds Polymarket lagged 15–20 seconds behind the bot live-tracked: > player fatigue > position on the field > pressing speed > real-time touches caught every key moment Vini penalty, Valverde goal, winning 3:2 thx to @prob_trade AI analysis the bot made serious money on this match would you want a bot like this for UCL?
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Verrissimus
Verrissimus@verrissimus·
Today was a big day for Polymarket. They introduced fees and new referral program with some hints of airdrop. That's a lot of changes for one random monday. Are you satisfied with today's changes?
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norules
norules@n0rulesnvr·
@vonzz6 That's a huge difference between Polymarket and Kalshi. They do almost the same volume so does Kalshi charge much higher fees? Or is it cause Kalshi does so much sports volume?
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