/biz/ - Business & Finance

You stupid
$400

>>26062728
Zero.

>>26062728
More like $1.25 june and peak $3.46

>>26062728
A measly 10-15x in the golden bullrun? wtf, anon?
Why did you even bother making this thread?

>>26062728
Enjoy getting diluted to 0.10 cents .

we're going to the moon my nigga

2021 is when the internet starts becoming more web 3.0
so $100 end of year

$1 by March, peak $3-4 EOY

>>26063034
yes, but not this week

>>26062728
Im all in for 2 reasons
1) its solid with a smaller amount of wallets buy and holding it all
2) when the stimulus check drops normans will go to cuckbase with this advertised to them and they will mindlessly buy it.
win / win

>>26062728
anyone have that pajeet grt pic that was funny as fuck.

EOY $0.80

*dumps*

>>26062728
However high it gets before the BTC crash will be its ath for the next couple years

>>26064536
I'd be very happy with that

$5 EOY $10 next year

>>26062728
Omg this ponzi is fucking dumping,

>>26065038
can it dump a little harder i want a juicier dip to buy

>>26065330
Same. I'm hoping for a dip I need to get my stack to 50k. Currently at about 42k

>>26065330>>26065330
If it dumps any harder it aint gonna pump again any time soon, it will just range. I really fucked up going all in on this today, i should have bought dot,sushi and crv which are consistent gainers.

>>26065589
You're going to make it

<$0.25

Sorry. Facts are there. Retail money funnelled into the pockets of hedge funds.

>>26062728
This is the next Chainlink. A massive use case and a great team. It will be suppressed during the bull. It's even worse with this one because the VCs who own most of the supply know what they are doing. They want to accumulate more. If you insist going heavy in on this be sure to keep at least 5% in eth, link, aave, snx and yfi. If what happened with link in 2017-18 happens to grt that 5% will let you 10x your grt stack around the end of the bullrun

I'm still having a difficult time putting all the pieces of this particular coin together. I get it that The Graph is an index of APIs and there will be an expense to query the APIs (referred to as subgraphs). The creator of the subgraph gets a portion of the query fee, and then stakers get some as well.

What I don't understand is - how much does a query cost - and WHY should the price of GRT go up? Why? You want queries to the API to be cheap, or nobody will use it. There will be a massive supply for this coin when all is said and done. I understand that staking will be a big part of this, but why would anyone stake GRT when they could just put some USDC on AAVE for 5-7% APR?

I'm legitimately trying to understand why this coin should be worth more as a currency.

I bought at .55 fuck you guys, waste of money

ONE POINT TWO SIX GRT IN FEES THIS EPOCH
>hahahahahahahhahahahahaha

>>26066036
yep. tokenomics arent promising. massive supply. usecase gets worse as the token appreciates.

great project but not useful for biz. could still pump because *just crypto things* but lacks the big gainer appeal of link/snx/aave/etcetc

>>26066131
feels fucking bad man:(

>>26066159
>>26066036

You guys are honestly some stupid fucking faggots. Like some pea brained low BTC portfolio dipshits know what's best for this extremely important project. Maybe apply for a job there if you have the answers.

>>26066288
anon, I'm coping hard holding this, can you refute their claims esp about supply and grt transaction fees? I need some copium

>>26066288
Explain why then. I literally don't have the answers, which is why I'm asking. Why should this token be worth anything? And finally, why/how in the fuck are the indexing rewards so much higher than query fees. Aren't queries what is supposed to be the engine behind GRT?

>>26066036
Yeah the tokenomics aren't too good with this one. It's a tool and the tokenomics are built around that. The ICOs and VC sales have gotten so massive that promising projects with connections can just simply raise enough money and they don't have to build a long term business model around the token appreciating in price. Unironically the insane gain days might be over. Like I'm talking 10 000x from ICO price
>>26066159
18 decimal points

Allow it to pump and then sell and buy BTC/ETH/LINK/XMR

>>26066390
there are 3400 subgraphs.
They have not been transferred over to mainnet yet.
Right now all the querie fees are being generated just off one subgraph.
When all subgraphs are up and running on mainnet the querie fees will be in the billions. The competition to get grt to run their dapps on the graph protocol will be fierce and intense and will cause price to rise dramatically.

This lil hot bitch just turned 18 and is only just now learning how to fuck.

>>26066390
There's a token because they want to have an internal currency that isn't too exposed to external events. You have to pay for the queries with the token. There is a limited amount of tokens. When demand goes up (it will if the graph continues to be the standard) the token appreciates. There is a burning mechanism that to some degree counteracts the growing supply. The main problem I see is most of the supply was sold to VCs at 3 cents. Once those tokens get released a possible scenario is a massive dumping and dilution of the effective supply

>>26066560
Who is she

>>26063830
Normies dont buy shit but overpriced restraunt food and the latest iPozzed shit.

>>26066560
Gross

>>26063830
99% will buy “Bitcoin stock” if anything.

>>26066560
So... if the price of GRT becomes too high, won't it no longer make sense for people to run their dapps using the data from subgraphs?

You midwits will be buying the graph at 2 bucks when everyone finally agrees it is the next link and safe.

Brainlets

>>26066657
Are you trolling? You don't have to use whole tokens. Like if you were to buy a pizza with btc you can buy it with a fraction of a btc. The dollar value is what matters (for now)

>>26066716
Based

>>26064111

new subgraphs will melt your face off and demonstrate tokenomics.

>>26066764
Then what is the cost of a query? I can't find that info anywhere. How much does it cost to query the API of subgraphs? Is it a fixed cost? Variable? Please help me find it, or explain.

>>26066823
haha love it

Convince me this is not a pajeet pnd scam

>>26066877
It's individual indexers setting the prices. It's an open market for indexed data

When is the uniswap subgraph live?

>sold 5k stack at .38 yesterday to accumulate more
>the new floor is .45
im never gonna fucking make it

GRT is better than the shitcoins you like

TFW you sold a 60k stack at .36 because you were confused about how it all works. It's leaving me behind and that was only yesterday.

How many queries from uniswap alone? Some of the bigger indexers will probably be running how many different dapps? P2P and 0xc60 are probably going to be the big 2 but 0xc60 takes a 96% cut of rewards and rewards. P2P only takes 15% of each

>>26067312
fees

>>26066560
>querie fees will be in the billions
If query fees were $1B, at the current TEAM-estimated fee price of $0.00001, that implies the graph will process

ONE
HUNDRED
TRILLION
QUERIES

Are you seriously such a fucking moon boy that you think this is plausible?

>>26066560
Name, phaggot

fugg i didn't buy more at .26 and am poorfag.
at least my average was .32 so my 600 coins are up

>>26063830
Normies are too busy barely surviving to afford to gamble on internet tokens. I am very bullish on my Gritties though and wish I had bought more when it went to $.20's.

>>26067312
Both are chinese scams

>>26067376
you understand that now that web3 is developing that number is to go up exponentially, right?

>>26067032
In order to pump and dump, one must first pump

>>26067376
web 3.0 is coming.
The graph is the foundation upon which web 3.0 will be built.
The graph has a complete monopoly on indexing blockchain data.
There is no competition.
Dapps will either use the graph saving them months of time developing their own apis and STILL won't be able to query blockchain data efficiently. Or they can just use the graph and begin developing immediately. From a developer stand point it's a no brainer. Of course they're going to use the graph.
Millions of dapps will run on top of the graph protocol.
Millions.
All of web 3.0 will run on top of the graph.
They have no other choice.
Yes, there will be that many queries.

>>26067512
The only way GRT makes that number is if it’s literally the data marketplace for the entire world.

Not just DeFi, not just blockchain. The whole fucking world. If you want to moon boy your way into believing that, ok.

But all I see is a Jew, a SJW team, and a decent head start. Nothing groundbreaking about these people themselves.

Can someone explain to me what Indexing is? I'm trying to understand the different paying components.

1. Subgraph maker... person who creates an API on the graph... gets paid for query fees?

2. Indexer - what does an indexer do?

3. Delegator... stakes coins to indexers, but for what purpose other than to earn rewards?

I've read the website and watched YT videos, but I'm still not following what each role is, and I think there were even a couple other roles.

>>26067601
reddit detected

>>26067525
So that's why it's being shilled here right now. To pump

>>26067725
Sorry
>for
Forgetting
>to
Delete
>my
Paragraph
>spaces

>>26067597
Can't say this is not accurate, but you make it seem like dapps are built on the graph somehow and that's misleading and stupid. The dapps use multiple protocols and if the graph is used it's just one of them.

>>26062728
1000 EOY

>>26067759
it will pump every time a new major dapp is added,

>>26066823
I really really really like this image

>>26065616
Don't forget UNI. For some reason /biz/ hasn't been talking about it despite the fact that it broke $9 today and has been outperforming BTC and ETH the entire bullrun.

>>26066823
SIRS PLEAASE MY VILLAGE.

>>26067894
I hold GRT and this image makes me laugh everytime I see it

>>26066390
>Why should this token be worth anything?
This short video should answer the question about why the token is NEEDED. And also other tech matters if you're genuinely curious, instead of FUDing:

https://www.youtube.com/watch?v=7gC7xJ_98r8&ab_channel=Finematics

>>26066823
SIRS PLEASE I MUST BUY GOATS AND 2003 DELL LAPTOP TO BUY WIFE ADVIKA

>>26067196
we arent even above 45c, idiot.

>>26066823
I'm holding 34k GRT and this image always gets me kek.

1 k GRT stack reporting in!

>>26067388
Theodora Moutinho

>>26068076
3.2k poor fag here thanks for joining us tonight bill

>>26068076
less then 100 here
i should have bought in when it was much cheaper

>>26067248
Ouch. You still can buy back a portion of your old stack, anon. Hold until EOY if you have the patience. I'm holding my GRT stack until $5 because that's the point where I'd make it.

>>26067601
I might be a moonboy, but you an underground boy

>>26066560
the truth about those 3400 subgraphs is that most of them are dogshit. I should know, I built one and I've never checked up on it since the day I built that shit.

2,24k stack Graphlet here
I‘m just gonna hold this MF for 1-2 years or so and see what happens

>>26068266
What does your subgraph do?

>>26068218
make it as in 7 figures? How big is your stack?

I'm never fucking selling GRT, this is my 10 year retirement plan.

>>26067312
Does anyone know who 0xc60 is? Who has 43 million usd laying around to be an indexer? It must be binance/coinbase/celsius or blockfi one of those I think.

Anyone know?

>>26068535
I know him he’s my neighbor

>>26068418
it looks up token transfers and holders of some irrelevant project

>>26067601
fuck off redditard

>>26068535
0xc60 is giving the biggest rewards right now. I think that 96% cut is scaring people away. I'm getting about 100 dollars a day from it, but more people are jumping in and its going down.

January and Feb will be bullish for GRT

>>26068919
$100 a day? How big is your stack?

holy fuck, just dug in deeper, you have to stake 100K grt to be an indexer.

What does this token even do I bought it because biz told me to which has consistently worked for me but what does searching the blockchain even mean!!

>>26069261
Here. This. For the second time in this tread. We've been spoonfeeding you. Now watch this and try to wrap your head around it.

https://www.youtube.com/watch?v=7gC7xJ_98r8&ab_channel=Finematics

I wait for .30 so I can buy in, but I am afraid this won't happen again soon

>>26069100
i have about 400,000. I experimented with different indexers in the beginning to see which paid the best rewards. I think most people put it in P2P because it was first on the list. P2P pays jack shit because there are so many people in it. Many of the ones taking a 80-90% cut pay much better. That may all change when the dapps are added. I will have to redelegate when that happens. I should have waited until the dapps were added to delegate.

>>26069361
Imagine shilling a pajeet video and thinking it’s a solid project

>>26069137
Better hurry and accumulate

>>26069499
Kek. Whatever, dude. What's important is the content of the video. It's up to you on how you want to interpret it. Just trying to help another anon here.

>>26062728
Is this unironically the next LINK?

>>26069638
in what way? it fills an important role like link, and I think it will go 2 several $.

>>26068535
Here's my theory: he's probably someone from the team who does indexing in his free time. He's not making himself known due to potential misunderstanding (e.g. "conflict of interest").

>>26068919
Maybe if you stopped posting about it, they would stop jumping in you fucking fagget

>>26069638
LINK and GRT have a partnership. Look it up. They go together like chocolate and peanut butter.

>>26062728
I have 30k GRT, should I delegate them or just hold? Wanna keep them for 2 years +

>>26069810
I've been fudding it here for quite a while but it didn't seem like it was accomplishing much.

>>26066131
When other subgraphs get on mainnet we getting that fucker more digits. Lots more.

>>26069935
If you don't mind the ETH fee to transfer the token, then you should probably do it. Don't waste an opportunity to let your money make more money, IMO.

>>26069935
Why wouldn't you delegate if you're not planning on trading

>>26069738
In the way of allowing us neets to make it
>>26069822
hmmmmmmm interesting anon

>>26070045
Never did something like that, kinda scared I guess

Im gonna be so fucking rich

>>26069137
Yeah, this is my only gripe with it
If price appreciates it's going to be insanely high to be an indexer
Hopefully they will lower it in the future

>>26068266
ok now what about uniswap subgraphs and those major ones

>>26070183
They won’t lower it. Half the indexers are businesses 100k of grt is nothing for them.

To index you need to run a full archive node on top of nexibfb software. You’d need a ~$8,000 build to host and store all that data.

They are recommending 6tb of useable NVME drives in raid 10 minimum. That’s $2500 in drives alone.

>>26070554
>>26070554
they also were in on GRT pre-main net and I think there was some sort of token sale at extremely cheap prices. I'm pretty sure they had an upper fiat limit on that. Also people have already spent and do already spend shitloads of money mining bitcoin even though the profit is indiscernible, so i think we'll have a few new indexer come around in the next years

>>26070683
VC’s got in for .03 cents but they put up millions in 2017.
ICO was 3 cents but you were limited to $5k worth.
I’m planning on running an indexer once testnet is nuked.

>>26070766
.3 cents* not .03

Will 2,223 GRT make it?

somebody sell your bags and dump it to 0.3
thank you sirs

>>26063034
thanks I'm selling now

>>26070554
Holy fucking shit
I'm already outpriced
Thanks anon, I didn't do my research

>>26070554
I've been reading through the indexer discord and what you said checks out. Holy shit, this is a very high barrier to entry. I was looking at what it would cost to setup a couple droplets on digitalocean to host the eth archive node and a separate droplet for the grt node... holy fuck. We're talking thousands per month for a cloud solution.

>>26062728
The best strategy I thought for delegating would be to constantly be rotating your stack in and out of the most the most profitable indexers. I know there is a 28 day period where you don't make anything, but if you had enough to pull it off, the money would be insane.

>>26070874
What about 41k?

>>26070766
>ICO was 3 cents but you were limited to $5k worth.
didn't think much about that back in october but now it makes sense. It was mostly for indexers and I bet they had guaranteed "seats" in the presale.

>>26070942
You do not want to run this on anything other than bare metal. VPS to run this would cost $3-4000 a month and the price would increase over time.

>>26070978
*for indexers to cover their hardware costs

Can someone recommend a good wallet , that can hold GRT and Link? Don’t wanna keep them at the coin exchange .

>>26070906
It's "priced out" and no you're not. This piece of shit is going to $5 in under 24 months and $25 in 36. Buy your bags now and move onto something else to buy.

>>26070874
yes but throw spare money every day so you can DCA and not have to stress out over timing the market. more successful overall. delegating will grow your stack at the cost of not being able to sell it for a month but ehhhhhh

>>26070976
yeah you'll be fine, but the rewards for delegating that huge stack would be great

>>26071028
metamask

>>26071054
Isn't it a bitch to delegate though? Ya some APY would be cool but I have it thru coinbase/pro and I don't think they offer native delegating. Also not sure how that would impact taxes.

>>26066823
Can I save this?

>>26071134
It takes like 3 clicks and 3 minutes to delegate lol

>>26071134
Takes around five minutes to set up, with most of that being spent on waiting for confirmations.

>>26071031
he was referring to being "priced out" of buying the hardware to be an Indexer. Which then again, the technology needed to run an indexer node will get less expensive over time

>>26071134
move it out of coinbase pro and into metamask or something man, missing out on delegating when the rewards are so plentiful right now would be a great mistake. i've heard of people making up to 35% returns on their massive stacks. for me though, i've made like 4 GRT on my meager stack that i'm desperatly trying to grow

>>26067427
explain

>>26071212
Is that 35% APY?

>>26071260
i don't know if it was a larper but yeah they said 35% APY

>>26062728
ITS GOING TO 3 USD BY END OF Q1. SCREENCAP THIS NIGGER

>>26071310
I probably won't. Sounds like a hastle if the IRS come asking. I'd rather sell it on the pump before the 6b dump coming up and then re-enter for long term.

>>26071312
if it does I'll LITERALLY be your slave

>>26069261
certain apps are going to need to access live blockchain data, such as Trading View, Coinbase, Coin Market Cap etc.

graph makes it easy to find APIs to pull in the relevant data the app would need

>>26062728
Im expecting $1 long term.

>>26062728
$1000 EOY.
>>26062800
Stop your FUD.

>>26066036
Crypto currencies can be divided into units as small as 1 quintillionth. Even at 40k a single unit would be worth $4x10-14. You just adjust fees accordingly.

>>26072085
>what are tokenomics
>what kind of price action will occur if I dump 3bn tokens into circulating supply

>>26071902
End of month*

>>26066069
same

>>26072611
Walla inna sufferation. All fruits ripe. Nuff luv.

>>26070955
Yeah the only thing that sucks is once you press undelegate..you have to wait 28 days to be able to unlock your tokens and delegate again to a different indexer. And during those 28 days you are not earning rewards. (Someone confirm this)

So you have to pick your indexers carefully.

>>26071054
I have 69k, and just waiting for a dip to 35 or so so I can get to 100k. I’m not sure on my delegator, I haven’t really been keeping track. I’m not technical enough to become an indexer + very busy until June. Is it possible for me to get my 100k and learn what’s needed? Or am I better off just delegating. My returns haven’t tremendous so far afaik.

I’ll start calculating them weekly from tomorrow

>>26070955
No you can’t do this because of the thawing period. Like >>26073143
said. They do this so delegators support the best highest quality Indexers.

>>26073506
Look into becoming a curator. Not as technical as indexer but not as simple as just delegating and can be lucrative signaling subgraphs that gain mass adoption.

>>26073608
Ty fren. Won’t be fore a while but I’ll give it a read up.

I've got experience in software development. Any good resources on dapp development? I want to make an app and subgraph to support it.

$100 EOY 2024

>>26073981
Look in to curating

>>26074302
Based

>>26062728
I'm actually more qualified to talk about this than most anons.I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like The Graph, if the decentralized querying network space had more value over traditional search engines. There's a catch though, an underlying flaw more deeply embedded in the bedrock of GRT than the very code itself. The flaw is with the concept, and it's this: Companies won't actually go through the hassle of trusting their data API's through crypto.

>>26075347
They don't have to because chainlink can bridge the gap.

>>26075347
>Value? Hassle trusting crypto?
Ideate or idiate mi G.

>>26075520
This is a pasta bro
Even I, a total newfag, know this

Just bought a “suicide stack” this AM.

>>26075347
>Companies won't actually go through the hassle of trusting their data API's through crypto.
You use crypto to pay for the service to query the blockchain.
I don't understand what you mean.

>have 25k currently just sitting making pennies in index funds and blue chip stocks
>only have 9900 GRT bought in with average price of $0.31
Do I sell everything else and go all in GRT? Seems like an almost surefire 10x in the next couple years

>>26076362
Better get in now before it hits .5

>>26076362
Grt is risky

>>26075347
Solarwinds begs to differ you retard.

Companies will do anything that cuts their costs.

$20 EOD
>end of decade

>>26076811
you'll probably better selling and making gains somewhere else at this point

>>26077657
I'll still hold my bag, but I can buy something else in the meantime. You know what will give a faster return right now?

>>26076027
guess that's what I get for spending the last 2 years on /pol

>>26077827
ETH

>>26066823
Kek

have 600 GRT whats a suicide stack and whats a make it stack

>>26078664
10k suicide
100k make it

It will change the way apps work. We will be using The Graph to query all the public data in the world instead of using multiple apis. If you can't understand this then fuck off.

t. been following the graph since day 1

Finally have 20k GRT. I'll stop buying for about a month when I'll try to get another 20k if it doesn't go to expensive.

Is this fucking thing ever going to come back down to .35? I was swinging this thing into 3-4% gains and then got left behind, but I want to hold it.

>>26063830
whenever you start telling yourself stories about what normans are gonna do you're being an idiot

>>26078835
yay I finally have a suicide stack

>>26079669
normans bought nintendo stock because they thought nintendo made pokemon go these people are retards. and I am the retard whisperer.

>>26079831
normies won't invest at all lol

>>26076362
>Seems like an almost surefire 10x
nothing is bro

>>26079439
same bro. I think the new floor for the next couple weeks is .40

>>26079669
No, I'm with him on this one
If reddit gets a hold of this coin and becomes one of their favorite, the fact that it already is on coinbase and that you don't have to go through hoops like setting up metamask or shit like that, just buy it, is a massive win over the normobase

>>26062728
>$4
>$50,000,000,000 fully diluted mcap
kek

>>26079916
The real shitter is, I've been watching the order book and it's not really people buying so much as it is people removing sell orders. Makes me kinda suspect

>>26079439
this thing is going to floor out to .35 in a few days it's probably just going to stable at .40 for the time being

>>26079948
Maybe they'll burn tokens

>>26080000

>>26062884
I have $10k ready to buy down to 10 cents let go!

What's the word on this

>>26080208
this is a Graphite-only thread, please do nonGRT posting outside of here thank you

>>26080208
pumping and dumping
im not buying your bags man

>>26080208
Shoo shop pajeet

>>26080051
a few million have already been burned

fuck i need 8k more for a 50k stack. someone dump it i'm ready

>>26080263
>pumping and dumping
same as the grt coin lol

>>26062728
just sell and go into PRQ before you're priced out cmon...

>>26075347
Kek lot of new fags on biz now

>>26076362
buy another 100 so you can brag on the internet

>>26080615
buy the top of a 5000% pump
sure

Currently have about 1.2mil GRT, sold my link stack at ~12.5 to prep for the mainnet sell. I bought it at around $.09. I see them complementing each other, but I am not sure if it is worth buying back into my link suicide stack. What will be worth more 10k link or 650,000 GRT 3yrs from now. Obviously im delegating so its grown over the past month.

How does one delegate GRT?

>>26081549
650K GRT will be worth more

>>26081549
do you only hold grt and link?

>>26081549
I have 80% grt, 10% eth, 10% link.

Pretty comfy mr whale

>>26081772
https://stakingfac.medium.com/the-graph-staking-guide-5ec1455f4783

https://reward.suntzu.me/

Dont be a monkey and throw your GRT into an overdelegated pool. Be aware that if you do delegate it is frozen for 28days, to which it will not be collecting rewards for being delegated. Its a hefty opportunity cost if you are one for heavy trading. But if you are simply holding for long term it is irrelevant. Also be aware that there is a .5% fee for delegating which essentially means youll have some time before you actually start making returns.

>>26082233
I hold a very small amount of LCX as well, its a gamble because I think it would be really funny if it actually worked out but I have basically no faith in it actually coming to fruition.

>>26082256
are you a hodl guy or one who swing trades? i plan on getting more grt and way more link but wanting to figure out whens the best time to get in.

>>26082809
I don’t swing projects I hold long term which grt is. I’m delegating all my grt and will buy more if it drops to .35 or lower.