/biz/ - Business & Finance

>>25119254
discord groups own over 10% of the circulating supply now

Well the indexers can change their settings so you get zero rewards, and then you're stuck with a 28 day lockup. That's a bit of a pain.
But in terms of big picture shit, no, this is a blue chip and an absolute lock.

>>25119254
Well if you want a serious answer, it is a niche technology that may be somehow helpful but ultimately not necessary. Uniswap, aave or others do use it but it does not mean they need to.
Pointing out how it is not the google of blockchain is actually a valid argument as it is misleading people. Actually, it is not even a yahoo or a bing of blockchain.
It is not as if it is like a search engine for the internet which is actually now necessary for the technology. Blockchain does not need this supposed search engine. It does not need indexing.
Just because it has a working product and is used does not mean it is good. Props to grt for making this cute little project and im not saying that the token is not needed, the whole project is not needed entirely.

>>25119434
congratulations, you somehow managed to list an even more useless argument than the usual ones i listed above

>>25119434
why do they use it if they don't need to?
are discord groups really powerful enough to strongarm Uniswap into using it for their pump?

>>25119492
We all do respect but i believe i just made the logical argument you were looking for yet you decided to counter argue with just saying it is useless without explaining why. You better see the hypocrisy there

>haha hey look it's the latest PnD only go Down now

>>25119561
>We all do respect
>WE ALL DO RESPECT
SIR

>>25119289
Can't the indexer also get fucked for doing that after the agreed upon reward for staking?

>>25119561
bhenchod bloody

>>25119513
Not anywhere did i imply manipulation from discord or tg or anywhere. I am not going to say bad things about price manipulation or discord or tg, i am merely pointing out how the tech itself is not needed. Just because uniswap is using it means it is needed. It is a novel experiment so they are trying it out. There may come a day that they get bored and stop playing with it likely when the trend dies and they focus more on the actual important stuff that actually further develops the blockchain space

>>25119561
>>25119561
>waves hands and claims he beat you with magic
All you did was admit they use it. It is needed for some purpose or it's convenient somehow. sus lack of detail.
>WE ALL DO RESPECT
you're another fucking discord tranny >>25119281

>>25119434
Have you ever purchased a server or hired a team of techs to do the "googling" for a project? Man, keep your retardation to yourself.

What about the fact that you can use it for free? The tokens are just like "tips" in this case

>>25119650
The tweet the team put out literally said "reputations will develop quickly stick to good indexes" like wtf ok i wish this had staking like Cardano even my stupid ass figured that out!

>>25119513
No, it was the perfect storm. The tech, usage and objective are tight as fuck, it came in undervalued and their PND group just excited an already confident market. They will play it like they wuz kangs.

>>25119254
Why do we need a blockchain indexer when we have etherscan?

>>25119727
I'm guessing because etherscan is not decentralized

>>25119691
rhetorical...

>>25119750

>>25119661
Look at this faggot saying almost all of DeFi uses this project as a “neat little experiment”. No motherfucker. They use it because it is useful. The graph made a useful product and that’s why it is being adopted.

Just like Chainlink made a useful product and was adopted in a similar fashion.

People, you cannot argue with adoption. The numbers are staring you in the face. Is loopring better than uniswap? Is kyber? Is Bancor? Is uniswap just a cute little experiment we all use because we think it’s neat?

No. We use it to get new coins easily without KYC and we will pay damn high gas fees to do it.

>>25119750
Not everything needs to be decentralized though. Currency I can understand, because it's been like that for 90% of history.
But literally looking at the blockchain?
Either do it yourself or go look at someone else's homework.

>>25119254
Graph is very interesting technology but arguably the absolute worst token economics. Well past the point of greed and the usual VC early discounts.
The team/insiders/advisors control over 50% of the tokens and the inflation rate is not conducive to economically influencing network activity, but rather lining their pockets.
Always disappointing to see amazing tech take that route, especially in crypto

Instead of paying another company fees for the lifecycle of their DApp; companies would rather pay their dev team to set up an in-house index and API through their JSON RPC. It would be the same as YouTube randomly charging a subscription fee. They're going to lose market share.

>>25119254
it's cool idea. eventually most of these defi things are going to be dust though, which is why bonded is the right move

>>25119833
Do you pay 5–10 bucks in gas to use uniswap? Why not just use Coinbase pro. Maybe because uniswap provides a service that cannot be matched on Coinbase or anywhere else?

>>25119883
That's great and all but you have a team of blockchain developers at your disposal. Graphs clients aren't hapless consumers unable to provide the services to themselves.

>>25119668
Yes i did admit they are using grt, does not mean they need to. I play video games it does not mean i need to. Once i get bored of it i stop using it. Once uniswap aave etc get bored of grt they will stop using it. I dont know how to explain it more simply i feel this is a very easy to understand concept. Not everything you use you need to use

>>25119936
Using The Graph instead of your own solution is a 10x developer experience. Read the testimonials from developers using it.

>>25119936
This is the most brainlet tier argument I have read this year

>i've hurt myself today

>all this indexing programing developing mumbo jumbo
only question what matters, will it break $1? Thank you sirs

IGNORE THE FUDERS M8
HODL
if dosghit rlc hit 1$, if injective (which is a good project) hit 5$, where the fuck do you think the graph is going?

how much were you awarded through the curator program, niggers?

>>25120151
bagholder's cope #67594837209

https://mobile.twitter.com/graphprotocol/timelines/1276305113737424897

Scroll through their wall of love and listen to the people who are actually using their product and not just looking for a quick buck. They have insane product-market fit.

>>25120157
200k. You?

I have a real good feeling about this coin almost like the same feel I had when ETH was a couple of dollars each

>>25120177
please sell me your bags anon

>>25120269
i'm 95% on tether right now waiting for the incoming dump

>>25120223
those are paid shills

>>25120273
Lol keep waiting

>>25120177
Do you have more dwarf pink wojacks? Pls post.

RIP to anyone who bought this above 0.45.

>>25120308
i will bro thanks
if you expect a recovery before the end of the year you're delusional
>>25120312
not really

There is a lot of fud going around about The Graph tokenomics.
>4B tokens getting dumped on the marked in the coming 6-24 months

This is based on the fact that the tokens from early investors 'unlock' in said timeframe.

Framework Ventures is one of those. (largest Chain Link institutional investor in 2017)
''We have a long-term horizon for the tokens and do not plan on selling''.
Hint: they haven't sold anything so far.

'Locked' tokens are able to stake (delegate), aka making a income for the investors. Currently they already made 2.8M GRT (indexers + delegators).

Investors already see money being made (doing nothing), do u really think they will let go of this cash cow? Sure some will take initial out, but 4B tokens will mostly stay staked.

No one talks about the tokens being BURNED. Not sure why.
3 days ago, i saw 1M GRT was burned in total (all time). https://network.thegraph.com/
Its currently at 2.5M GRT burned. Mainnet live for a few days now.

What do u think happens to this burned number once we go parabolic in usage anon?

>>25120396

>>25120235
same, we're GMI

>>25120396
thanks for posting this. tokenomics FUD is what stopped me from putting more money into GRT

>>25120396
Why would people who bought their bags under 0.20$ and sold 0.60-0.78 want to lie about the tokenomics? Strange

>>25119254
>muh market cap
is valid argument
>token not needed
is valid argument
>big supply
is a valid argument
>up a lot from ico
is a valid argument
>already listed everywhere
is a valid argument
>go back to discord/tg you tranny
>buy prq instead
>not the google of blockchain
idk, but probably still valid
>jesus christ stop repeating the same weak shit over and over
sell and stop losing money you 0.7 buying retarded ass

>>25121182
All of them are just fud to push the price down, but just wait until january and it will blow up.
Also token not needed is the most retarded argument, it's just the revenue model of this business.

just bought back in, only 1500 tokens

>>25121239
tradingview is valued at 50-100 mil
graph at current supply is valued at 500 mil
graph in 3 months at current price will be valied 3 bil
if you don't think supply/mcap argument is valid you're either plain fucking retarded or a coping bagholder

>>25119254
>GRT cockroaches are STILL trying to beg people to buy their bags and get dumped on more
waht the fuck is wrong with you people, havent you done enough damage and triggered enough suicides already? are you just sociopaths worse than the bogs?
be honest

>>25121271
>in 3 months
>tradingview =/= graph
Supply is the only valid argument atm, but you're trying to push it as it will go up tomorrow, and not in 6 months, also it has burn

>>25121272

>>25121333
>i-i'm ready to sit on those bags for 6 months!
>>25121352
>a literal who nigger
kek

>>25121333
>also it has burn
>less than 1%
irrelevant
> and not in 6 months,
its 6 months from public sale you literal nigger faggot, public sale was in september
>tradingview =/= graph
>b-but my shitcoin made it to be decentralized and thats why its valued at 10x the thing every trader is using while providing a service for a 10 bil total mcap market
keep coping
Token is not needed at all, worked without token just fine before, you could've just used eth/traded tokens for rewards like all the other defi shit does.

>>25121389
Yes? Are you a poorfag that has to daytrade to make it? Sounds kinda pajeety or niggery

>>25121412
oof soo much cope lmfao

You guys should check out SwapDEX, you might be interested.

>Currently zero revenue
>Graph team said the plan is to accept payments with stable coins in the future, meaning GRT demand will decrease by a lot as query fees won't be settled with GRT
>No guarantee that their current users will move to the decentralized network which they would require to pay fees per query
>Already hit 8B marketcap assuming the supply of the next 2 years in circulation
>Normies already know about it, It's on all exchanges so not catalyst for pump after it'll consolidate
>Their current centralized product is buggy, Do you remember how many times Uniswap and CMC went down/Barely reloaded? It's because of The Graph network
>Competition may arise
>Indexing isn't as fundamental as oracle/layer 1 meaning that not all dapps/exchanges will need to use it
>Graph protocol is very bad for fast paced uses like prediction markets

>>25121272
We kept discussing it here for a few weeks before the launch. We even told you at $0.10-0.30 to all in as it was undervalued relative to our expectations of a $0.70 in initial launch. Then it shot past that and everyone FOMO'd in and no sensible arguments would have prevented that. Regardless, it's a long term hold and one of the top projects

>>25121399
Yeah people will build shit for you just for free, dude that's how the world works, lol you can't be this retarded? Also the tokens will be released 6months from mainnet launch, which was december 17

>>25121272
(((They))) always do this...

>>25121399
>Chainlink worked bretty good on testnet too, not sure why they need the token?

>>25121476
>>25121352
it already had its big pump, stop trying to promote this dead high market cap coin.
>>25121485
exactly, grt fans are sadistic

>>25121428
Literally projecting your own coping due to the fact you didn't buy it sub .20$

>>25120396
What's the query fees? Numbers in that post seem farted out of his ass, If the query fees is lower (Which is much likely than the numbers he provided) then the revenue is lower.

Couple that with my points here >>25121475

And you get overvalued project that still have a long to prove.

>>25121535
i bought at 0.18, then went all in at .40 and sold out at 0.60
cope :)

>>25121523
>doesn't know about new subgraphs to be used for query fees
>doesn't know about new L1 integrations announced in Q1
>doesn't know about the current projects already utilizing TG

>>25121558
Sure sure you did, I'll just trust the word of some literal nigger on 4chan

>>25120151
>Why yes i learned tokenomics 1 minute ago from a pajeet in PnD shitcoin thread how could you tell

>>25121584
>bagholder cope
kek
one thing is sure, i'm not the one bagholding this shit atm

>>25121583
even then this is gonna take a loooooong time for a decent profit, just stop telling people to buy your bags

>>25118443
>>25118489

Told you fuckers.

>>25121622
good bye old chap

>>25121615
I'm not saying it won't take at least a year for the potential to fully materialize. But I'd rather signal to some competent niggers on here to do their due diligence and invest in a solid project with top 10 MC in sight instead of them only being able to afford small stacks once it already explodes.

I'm getting 200k graphies over a 4 year period.
12500 GRT every quarter.

Time to get this baby to $10

>>25121352
You should have seen all the niggas and poos crying in the GRT official discord that they got scammed in the unofficial discord where the admin asked them to send grt to some address to get more in return.

>>25121594
Yes it's cope to ask for proof, this must be some form of advanced niggering

>>25121663
Looks like everyone received 200k (?)

>>25121719
cope
here's my initial entry a t 0.18
enjoy holding those heavy bags

>>25121760
Some got 1-2M GRT.
You think we can stake our locked GRT though instead of having to wait for every quarter?

>>25121772
I got in at .11$, but what ever

>>25121835
you sure did
post proof like i did

>>25121805
Some curators received that much today? I though only indexers had previously received 1m+

>>25121851
You call that proof?

>>25121866
yeah, if you made good sub graphs, guides etc.
I'd take it seriously if I knew the rewards could be that big.

>>25121890
cope

>>25121851
you're retarded

>>25121937
i would have already sold if i was you but that's not a suicide stack though, $250 is nothing

>>25121910

>>25119254
>token not needed
probably the only thing which actually matters

>>25122069
there's literally no info whatsoever about what you bought and what price kek

>>25119254
the big supply is somewhat valid as a hodler with over 22k GRT. The burn mechanism and massive demand might be enough to overpower it though. That's the only risk imo

>>25119254
Not so much a criticism, but an observation. This only exists because most blockchains/DLTs have bad data structures. Subcontracting a community of indexers is an inferior solution compared to a queryable DLT that is indexed by design.

>>25122137
You can't check the price around that time ? Must be hard to be handicapped

>>25119254
>jesus christ stop repeating the same weak shit
HAHAHAHA
>STOP BULLYING ME BULLY ME FOR LEGITIMATE REASONS AND BULLY ME IN A DIFFERENT WAY COME UP WITH SOMETHING NEW

>>25122778
Not a single legitimate argument right there mate

>>25119254
All the criticism comes from people trying to shill the coins they hold, anyone that actually did their research knows this could be the google of blockchain.

>>25119936

Ask me how I know you’re not a dev.

T. Aave

>>25122924
>google argument
Please
Fucking
Commit
Suicide

just wanted to say thank you to everyone. I endlessly FUDED this project over the last few days and doubled my stack. I'm all in GRT right now and my break even price is now 6 cents. Those who fell for the FUDS, I apologize but your fault essentially. We talked about this project weeks before it launched.

See you guys in 2022!

>>25123532
+420 discord credits have been stored on the blockchain

>>25123614
wawa wewa he can finally afford the mtf surgery now

>>25123532
based vibes but not sure if actually based since /biz/ shilling has no impact on projects that size

>>25119434
This is very flawed from a business standpoint. Just because something isn’t necessary doesn’t mean it can’t be massively profitable.

Why are there sometimes 4 gas stations on the 4 corners of an intersection when we really only need one? The other three are generally totally unnecessary

Why do we have Burger King when McDonald’s is more than sufficient?

Pet Rocks were completely unnecessary and yet look how profitable they were

Most of us from 2015-2016 have decided to shut up and not talk about GRT which is very sad for the normies joining the board. Those who understand how we have been operating should be tracking all LINK ico OGs wallets and see how many are transfering wealth to this project.

I never felt more comfortable about a project. GRT at 0.40cents is like LINK and ETH in 2016.

Some people thought it was a coordinated biz pump but ask your self when was the last time a coin got listed on every single exchange including binance and coinbase on day 1?

All in GRT and will not sell 1 token until 2023.

>>25124688
MCap too high. Go PRQ for the upside potential

>>25124688
bullshit. stop referencing link for EVERY single shitcoin, you hindu tranny shillers.

>>25124688
No it's not. GRT currently have nearly 50% of Link fully diluted marketcap, It's already maximized its potential in term on ranking, It'll climb up the ranks but only because inflation will start to kick in.

Sure it might get slightly higher in sats and stabilize there but the risk reward is garbage.

>>25124775
Hilarious how pajeets always imply that someone is a pajeet to discredit them, they know how shit they really are

>>25124688
>Link
>2016

Found the pajeet shiller

>>25123260
>commit suicide argument
Randesh, I'm not putting money on your scam coins, get out

BTW, GRT is pumping right now

>>25125260

Haha i have seen the same reaction when link was 20 cents....

Im keeping screenshots so I can post in 2 years how biz missed this AGAIN lmao

>>25125260

They dont even know that they are burning ovr 1 m tokens a day and by the time next unlocks happen over 50% over those have been burnt already haha

Go to graphlets.io, over 500m already staked.

There has never been a comfier hold since 2016.

>>25120239
same bro

>>25124880
>fully diluted marketcap
No such thing

>>25120235
I got 33.334, how do you know much extra you're going to receive?

>>25126023
Theres a 2nd part, vested, you get your first stack of it in late march, if you didnt get the email means you didnt work hard enough

>>25125611
It's a thing when we're talking about less than 2 years till the whole supply will be circulating and that in 5 months the supply will x6 itself

>>25125442
Can you post a source for them burning GRT please?

>>25119254
You’re so stupid. GRT is bollocks.

>>25126593
Post portfolio faggot

>>25126586
>>25125442
btw, query fees will also burn tokens in addition to distributing some of them to indexers, go ask in the discord

>>25119254
>is there an actual valid argument against GRT
Proceeds to list several
Don't ever change /biz/ shills!

If this coin is so worthless, why is it pumping right now?

>>25126700
I really hate to be spoonfed but I am really so ignorant in this, so any way you could explain how query fees burn tokens?

>>25126935
a query is when a client like uniswap asks for data
>https://thegraph.com/blog/the-graph-grt-token-economics

Protocol Sinks & Burns

A portion of protocol query fees are burned, expected to start at ~1% of total protocol query fees and subject to future technical governance. The aforementioned deposit tax that is incurred by Curators and Delegators withdrawing their GRT is also burned, as well as any unclaimed rebate rewards

poompa

>>25126788
>pumping
it just took another sensible dump and the candles are not looking that good for the rebound

>>25119650
Yes, the indexers can have their funds slashed if they fuck around. And if they change reward percentages they will lose their delegators. So while they can do it, it wouldn't make sense for them to do it because they would lose all profit margins.

>>25120171
*pssssssssst* thanks biz bro

>>25119661
>> tEcH iTsElF iS nOt nEeDed.
over 13 billion dollars is locked in defi.
None of this would be possible without the graph protocol indexing blockchain data.

400 million queries a day anon.
10 billion queries a month.

The graph protocol is the backbone of defi, and the foundation upon which web 3.0 shall be built.

>>25128145
>quality meme
>>25128654
>non faggy writing
where are my meme lines bro?!