/biz/ - Business & Finance

is anything really bullish actually going to be announced during graph day? I'm hoping they announce when they expect the hosted service to end or give us a deadline or something. and I hope they will give us more details on the hosted service like how many queries there are monthly, growth in subgraphs etc.

>>49274701
2018-tier dead coin. Move on, man. This ain't healthy.

>>49274701
I remember when /biz/ told me this will never drop below 0.3 again
Actually thought about getting some now but I rather put them into LUNA2

>>49275078
The google of blockchain is certainly not dead mate

>>49274701
I sold the bottom to buy a motoko

It’s mooning as we speak

ITS GOING PARABOLIC

Fud posters imminent suicide broadcast live from graph day.

>>49276372
>dumped already
Kek, thank god I dumped this shitcoin a long time ago
... Is what I'd say if I wasn't all in. FUCK YOU YANIVVVVV GIVE ME BACK MY MONEY AAAAAAAAAAAAAAA

>>49277529
>$6k in query fees in the last 3 months
The only thing that's coming is Yaniv, in our ass, daily

>>49277666
You're going to need money to buy $rope

I’m down almost 5 figures on my initial for this shit coin give it to me straight biz is it unironically over?

>>49277789
Yes. Make sure you sell before graph day

>>49277810
If I haven’t sold by now I’m not selling till 2024 at the earliest when I can break even pajeet

Query fees skyrocketing. Prob why it jumped 5% in 5 mins. It’s showing what’s to come in the future.

>>49276372
5000% of 0 is still 0

>>49277529
>>49277739
This is bullish how exactly?

>>49278361
Grt is burned. Once it increases high enough it will become deflationary

>>49278487
>he still believes that fairytale
kek
you would need a gorillion grt in query fees per day for it to make any difference, let alone make it deflationary

>>49279105
>He doesn't know the inflation rewards were just a bootstrapping measure that will be lowered significantly once query fees are enough to sustain the protocol
Have fun with that rope.

>>49278487
query volume has nothing to do with burning.
delegation, curation and slashing are the only burn mechanisms.

>>49277739
now show me fees collected

>>49279187
kk, have fun paying payne's prostitutes

>>49279193
Read the white paper bozo

>>49279438
I did. There is no other burning mechanism brainlet

>>49279693
i take that back. There's also the subgraph version update burn of 1.25%.
But the queries have no burn.

Apparently there's some gay costume requirement for the afterparty at Graph Day and they apparently expect everyone to be wearing several hundred dollar raver costumes

jfc

>>49279753
1% of all query fees are burned you absolute idiot brainlet!!!!!!!! This is going to moon once you idiots catch on to the 5000% query fee increase in the last two weeks!!!

Hello my sirs

>>49279837
Im gonna need more info on the increase in query fees before I get hope.

>>49279930
Less then 24 hours till graph day and your mind will be blown

>>49279930
>>49279968
Oh I see the query fees paid is mooning on the network, now im actually looking into how it affects my delegation.

>>49279930
>>49280038
here are your actual fees that arent inflated by creative language

>>49280098
This is actually insane. One block is now giving more fees then an entire 3 month timeframe 2 weeks ago. This shit is mooning and fasT

>>49280149
are you a new GRT investor? GRT has been pumping out ~0 fees "collected" for months with a random 1k spike every ~10 days. so much so that they had to change the Epoch listing on their website to 'query fees collected" because no fees are actually BEING PAID.

>>49280227
Yes we all know this idiot. They are currently doing a free service to get the platform off and running. The fact that it’s no longer the case as graph day approaches means that the service will be paid very soon.

This shitcoin reminds me of Request Network in 2017-18

I took one look at the dogshit website "index" of "projects" and never looked again. Garbage.

>>49280352
Oh didn’t know req was listed on the 3 biggest global exchanges on release. Oh that’s right because GRT was the only in HISTORY to have that type of red carpet roll out.

>>49280437
>Oh didn’t know req was listed on the 3 biggest global exchanges on release. Oh that’s right because GRT was the only in HISTORY to have that type of red carpet roll out.
Yep, that's a red carpet alright... and it looks like it's being pulled ..

Why did it fall so much? Was there a specific event that triggered this? What's the hope for recovery?

>>49279297
Have fun coping tomorrow

>>49280940
>Why did it fall so much?
because I bought
>Was there a specific event that triggered this?
I bought
>What's the hope for recovery?
I sell. Which is never happening. You're all going down with me, sorry.

>>49280940
Combination of Bitcoin eating shit and crashing the entire market, along with query revenue and the sunsetting of the hosted service taking too long. If/when the hosted service is shut down and all queries are paid for, it will either moon or apy will be parabolic. Regardless, network participants win.

Honestly the one major issue I have with this token is the fact that absolutely no one on the entire internet is talking about it, and it's like one day until a supposedly major conference about one of the most used protocols in web3. ZERO buzz, nothing. Complete silence. Does the graph even have a marketing department? It honestly looks like they're intentionally staying under the radar, which is really fucking weird.

>>49281068
>If/when the hosted service is shut down and all queries are paid for, it will either moon or apy will be parabolic
Why?
>network participants win
Do I need to be staking, or is it enough to just hold the token in an exchange?

>>49281117
Chainlink was the same. Until they caught on.

>>49281171
Query fees are paid in USD regardless of the price of GRT.
So if query fees are high while the price of grt is low, that's a high apy.
If query fees are high and grt prices are high, apy would be low but network participants get the same rewards.
But the first scenario necessarily means a higher grt price for people chasing yield wanting a piece of a that pie.
You need to be staked to get in on that. But don't do it if you don't have enough to delegate and you have a short time preference. This isn't a coin for moon boys that don't understand what it even does.

>>49281296
What's based is I keep calculating my make it math on delegating this shit and coming up with good results. But that's at current ~10% apy levels. If apy does anything better than that my math would come out WAY better in my favor.

>>49281296
>>49281364
I am so buliish bastards

>>49281364
what is your make it stack with the ~10% apy and your math?

>>49281755
My math involves mining and compounding the mining profits from my 3090s into my delegation stack (only have around 13k delegation right now), basically I bought the gpus in march 2021 and mining that whole year paid them off completely, so although I'm getting way less profit in usd right now I collect a lot more GRTs since the price dropped so low. I forget the exact math but the longer the price stays down the more I get basically. Right now I get over 100 GRT per month from delegating and just keep compounding my mining into that which nets me multiple that amount to get it as high as possible.
I would do a lot more of course but I'm a poorfag who was broke in december 2020 so I'm just doing what I can to stop being poor.

>>49281955
Same basically. My monthly is about 500 GRT a month. Combine query fees and get us back to ath and I'll retire.

>>49282197
How much delegated?

>>49277529
Wow, that's gotta be like $3500 a month! Wagmi

>>49282409
Little over 70k. Thinking to get more while the price is low but I figure we can keep dropping if Bitcoin keeps dragging everything.

>>49279837
This is actually a solid argument and I have a slight - SLIGHT - urge to buy back in. I sold at like $1.70.

lens protocol revealed no major players will EVER use The Graph.

It's for indie devs basically.

>>49282694
all that matters is google of blockchain

>>49274701
dude your shitcoin is fuckin TRASH just buy BAT its low risk and will do over 100x this next bull run easy

This coin almost made me quit crypto.

It was literally my first investment, and I held this thing like a dumbass for 2 yrs straight expecting it to reach 4$ by now.

>15M Ichimoku buy, MACD buy, RSI buy
>30M Ichimoku buy, MACD buy, RSI buy
>1H Ichimoku buy, MACD buy, RSI buy
>4H Ichimoku buy, MACD buy, RSI buy
>1D Ichimoku sell, MACD sell, RSI sell

Did I dun goof boys?

FUD sirs suck my dick

I think you sirs will regret not buying soon

>>49283720
enough with the indian shit its fucking cringe.

>>49283750
Ser my mother tongue is India this what you said is disgusting Ser, please apology

>>49283750
Sir please it’s legit

>>49283750
You're just mad that you redeemed to early. Bitch lasagna.

Realistically what should we expect from tomorrow?
I mean about the graph itself not the price

>>49285865
Public milking

whats a make it stack

>>49286151
Ten thousend sir

>>49285865
10 gallons of Tegen milk.

I've held 5k of this piece of shit from an initial dca of ~.30, watched it climb to ath, and then bleed for over a fucking year. I've lost all interest in due diligence. Can someone tell me if this thing has any relevant value proposition anymore? Is indexing blockchains profitable? Does it have any serious competiton?

Link mooned then fell back below release prices. GRT is literally doing the same thing. Buying here is like buying link at 15 cents

I’m excited but I’ve been burned several times before. Let’s see what happens.

>>49286632
yeah tegan has fat fucking milk you gay nerd

>>49286643
yeah except grt's marketcap is already high as fuck.

>>49286748
Sub 1B when their are stocks worth trillions. In 20 years when I finally do sell apple will be worth 30 trillion. This will be 500 billion delegating me 1million a year.

>>49286848
Two stocks are worth trillions. No one is even paying for queries. Anon, in what world does GRT even get back to a dollar with these tokenomics? Altavista of blockchain. Next bullrun, someone is going to do it better and the graph will die.

>>49286970
Nobody is paying until graph day. Be warned

/BIZ/ MEETUP AT GRAPH DAY
>/BIZ/ MEETUP AT GRAPH DAY
/BIZ/ MEETUP AT GRAPH DAY
>/BIZ/ MEETUP AT GRAPH DAY
/BIZ/ MEETUP AT GRAPH DAY
>/BIZ/ MEETUP AT GRAPH DAY

>>49287516
I’m going

>>49287827
based

>>49275169
What a retard. You put your money back into something that made you lose it in the first place, anon. So many other fucking options, AVAX, ALBT, EWT, OCEAN

>>49287516
Yup, I'll be there.

>>49288085
Be sure to fill us in on what happens. I'm gonna be real sad if they hand out free stacks of grt. If it's just shirts and milking I'll be ok.

>>49275907
I sold at profit to buy Cometh. New plan, let's see kek

>>49288227
Sirs please buy back only 15 cents

>>49283293
You bought a shitcoin, so yeah

The Scam

The Grift

The Brap

>>49274701
If I get dubs or a yellow ID, GRT will moon. Otherwise, it's doomed.

>>49291551
It's over

>>49274701
If it's already fallen 95% once, what's to stop it from falling 95% again?

Kind of sounds like a scam, anon.

>>49282694
STILL no legitimate answer to this point. The shills just keep shilling shilling shilling

>>49292054
This
It's painfully obvious no one will pay for query fees when you can build your own indexer
Not to mention that you don't even have to build it yourself, you can simply fork off the original project and use it instead of paying, projects have done that before
NO ONE is going to pay to use the service, sorry retards

>>49292227
Post portfolio

>>49292239
sure, here you go

>>49282969
This coin and project alone made me quit crypto entirely and an anti-semite.

t. -85% down

>>49292054
>>49292227
>>49282694
See pancake swap. You can build your own indexer but it does nothing for decentralization, innovation, or just general stability that the graph protocol engineers have been working on. By your logic, everyone would host their own servers instead of just paying gcp, AWS,, or azure for what they use. I've worked at enough large companies to know that nobody with any sense is trying to host their own metal. It's going to come back to bite them in the form of outages, hacks, data loss, or services just as slow as they complained about from GRT. Basically nobody in the crypto space seems to understand how scaling works and get burnt when their "brilliant idea to replace the competition" is actually worse. But don't let me stop you. Please redeem. Graph day is tomorrow and I need to collect more screenshots.

>>49292227
GRT was my first crypto. I did a lot of research and admittedly fell for the google of blockchain without realizing that big players can and will just fork/build their own. There's a reason why the hosted service is still up. And all the people shilling in these threads either haven't realized why, or are trying to pump their bags.

>>49292269
Nigger

>>49292269
>Hidden dollar amount
What's to hide? Just show it.

>>49292385
Your example is actually counter to your point. Was Bancor the only AMM? No, it was forked by Uniswap, Pancakeswap, etc and now no one uses it.

>>49292429
Forks are only worth something when the community picks them up and innovates more than the original team. Not when you're just doing a proprietary thing. Try again. And again pancakeswap tried forking the graph only to come back crying when they got fucked. Time will tell.

Good morning Sirs

>>49292227
subsquid is a better option thought for substrate chains. I'm following that too. and its been adopted every other day.

>>49292392
I also had it and quickly recognized this flaw and sold, however, I've been following subsquid and it seems to be a more profitable venture as it also allows devs to build tailored graphql.

>>49293120
I agree, its lightning-fast query recall makes devs so dependent on it.

>>49292563
why all the formalities dude

>>49292465
>pancakeswap tried forking
Nobody cares what some retarded chinks tried and failed to do. The point is GOOD projects can build their own.

I'm talking to the same retard who tried to make the same muh server muh AWS argument in older threads. The comparison is still retarded. It's orders of magnitude more simple to build your own indexer for projects that have the cash. That's why they're all doing it.

>outages
how is it any MORE reliable to assume a random network of indexers will prevent outages versus a wagie who you literally control their entire life? If things go down you get IMMEDIATE assistance from the wagie. Protocol indexers? I dunno, maybe soon? kek

>I've worked at enough large companies to know that nobody with any sense is trying to host their own metal.
so much fucking cringe grandpa. You read like a 35-40yo boomer who worked at Microsoft in some middling position and thinks he found the next "big thing". You haven't. We've all been bamboozled

>GRT thread gets posted
>Fud posters come to say it's over
>Nobody has ever refused X flavor of the month fud so it's over
>X flavor of the month fud is refuted
>People proceed to samefag spam some new shit "competitor"
Like clockwork really.

>>49293120
true, most of the dotsama parachains are adopting the protocol.

>>49293194
>how is it any MORE reliable to assume a random network of indexers will prevent outages versus a wagie who you literally control their entire life? If things go down you get IMMEDIATE assistance from the wagie.
Thanks for confirming you don't know how any of this works. Outages are more an issue is geolocation. Not of workers wishing the servers stay live. If there are outages on the west coast, you need backups on the east and all across the globe really.
You don't know what you're talking about but I don't really care if you sell or hold. So you should for sure sell.

>>49293244
>Outages are more an issue is geolocation.
So you're just going to make shit up and pretend this is AWS again?

An "outage" in this scenario refers to an out of sync subgraph, an un-indexed subgraph, a deprecated subgraph, or any other means by which a subgraph doesn't accurately index data. With a wagie, as soon as the subgraph is out of sync, you can demand immediate service with the threat of firing him. With "indexers" on a network, hopefully there's enough incentive to fix the issue quickly i dunno hahaha

YOU are the one revealing you're just some retarded boomer crossing your fingers that you hit a home run with this coin. The fucking team behind AAVE just took a gigantic shit on your coin and you don't even flinch at the news. That's some cultist level weird shit. Fuck you.

>>49293176
Pajeet thinks he's in his African fathers house

>>49293327
No. Outages and out of sync data aren't the same thing. And again a decentralized system will better deal with both. But again, it's better that you think I don't know what I'm talking about and just sell already. Post the sell order.

>>49293063
I see them post partnership every other day, I guess these substrate-based blockchains are really relying on 3rd party data indexer.

>>49293223
That's true, I'm about to apply for their ambassador program, hopefully, I will get to be a validator in their DAO.

>>49293386
>a decentralized system will better deal with both
Why does the team/company behind AAVE exist?
Why does the team/company behind Uniswap exist?
Why do ANY crypto companies exist, if decentralization is such an amazing system?

It's almost like decentralization at the -infrastructure- layer doesn't make any fucking sense.

>>49293493
>Having a team means it's not decentralized
You're embarrassing yourself, friends. The tech needs to be decentralized which doesn't happen when you have a proprietary in house system.

>>49293120
It's a rare project that provides powerful APIs for web3 users. It's a good thing that it's on Dotsama.

>>49274701
What was the ICO price I forgot?
I remember I had great gains, invested 5k in ICO.

>>49293063
Subsquid offers the efficiency it promises to its adopters. It is good to see projects expanding when others are shutting down.

>>49292465
What about Uniswap? Because objectively it has outperformed Bancor in every way, while providing exactly nothing new. It's funny you chose Bancor as an example because that was the second crypto I researched and invested in (kek). My point is, there are no patents in this space. Google or [insert large user here] is not going to pay for something they can make themselves in a month and make money on. The Graph is going to be limited to small frys, even if it is revered kind of how Bancor is for pioneering the technology.

>>49293578
It is always better to be early

>>49293063
>>49293120
>>49293158
>>49293223
>>49293394
>>49293442
>>49293564
>>49293613
Nice organic conversation sirs, with the pepes and the bobos and everything. Very not smelly unlike poo street.

>>49293442
They are currently working to build the biggest DAO ambassador program with SQD as their governance token. I hope you get lucky.

>>49293619
I mentioned pancakes for trying to fork the graph. Not for bancor. They tried and it failed.

>>49274701
GRT has fell down to 95% from ATH? That's fucking crazy considering how valuable the graph project is. I think it's a good move for subsquid as its tge is not yet live. These two projects have some similarities that I like

>>49293694
The Graph, SubQuery and Subsquid. Love what they are fucking solving with respect to data indexing and APIs services in Web 3.0

>>49293394
Did they also partner with The Graph? Would have been a partnership made in heaven of course

>>49293442
Becoming a validator node is a profitable idea to try

>>49293442
Team Sonar or Team Abyss? Be honest, anonfag

>>49293722
Well they are a bunch of chinks, so that's not surprising, but they are a fork of a fork of Bancor and are probably a lot more successful than the original. There is no moat around what the Graph does. Now address my point about what stops any large player from making their own/forking rather than paying per query. Just to show I'm acting in good faith, if you convince me, I'll buy back in.

>>49293557
Then are you saying it is a business? If it has a team then it's not decentralized but when the team isn't doxxed then the same type of pathetic pajeets like you will call the project a scam.

>>49293613
I've attended the WASM Conference yesterday and it's so edutaining to say

>>49293716
Let's talk about open ocean council program then. It's something magnificently unique

>>49293716
>>49293754
>>49293794
>>49293844
>>49293869
>>49293895
>>49294041
This thread is lost to the subjeets

>>49293980
>poo id
Ohnononono

>>49293578
Now tell me, did you sell or you're still holding? I know you've sold it, weak hand

>>49294083
So you've the time to even spot IDs here? Oh nononono go get a real job to run, faggot

>>49294041
Red pill me annon. You just piqued my interest

>>49294086
I did the same. It's not called weak hands, it's called being smart. I'm saving up DAI to buy the SQD token when it gets launched. I will also take profit because that's what smart investors do.

>>49294157
Like hijacking threads to peddle scams? Sure, give me a few link to your shill telegram, I'd be glad to earn money by scamming people like you are

>>49294219
Everyone is waiting. I hope we see the launch soon but would be better in a stable market

>>49294610
my avg is over $1. Should have bought a new car

>>49293557
>The tech needs to be decentralized
So, Uniswap isn't "tech"? AAVE isn't "tech"? What does this statement even mean? There's a protocol that "is decentralized" yet there are centralized EMPLOYEES at both of these "companies" that have special access to code bases and can essentially make unilateral changes.

Why is that? Why don't you criticize the existence of these teams? Where do you draw the line between when "tech" needs to be decentralized and when it doesn't?

Clearly there's a line in the sand somewhere. And as it turns out, team across the industry have decided that indexing/querying doesn't *need* to be decentralized.

>>49294610
Squid may not be the only blockchain data processing solution in the market, but its customizability features make it outstanding.

>>49294157
Maybe he should be given free access to become an ambassador. The rewards will be enough to keep him busy

>>49293794
That's true anon. Squid is gearing up the web 3 dream

>>49281117
Unfortunately, PRQ is the better protocol.


In July GRT will be rendered effectively useless due to Tsunami API data lakes.

I'm sorry guys. I believe a big player recently left GRT because of its laggy and buggy set up

>>49295526
They have raised lots of awareness through its various events and seminars. I have been able to know what they offer to web3 through these means.

This thread is pure cancer, jesus christ.

>>49295925
Their DAO will be live on testnet in Q3. Let's see what's coming

>>49296367
Yeah! I actually look forward to it. Q3 is almost here for sure. It's better to join the coming twitter space hosted by Dostama Prague

>>49295331
That's totally comprehendible. They are really distinguished as it comes to what they offer in web3

Graph day and you guys are too busy talking about a squid game shittoken in the middle of a bear market. You don’t deserve to make it.

This is coming from the guy who shilled qnt at $1 and link at $0.50.
And rsr years before it joined. Google me

>>49297016
I have never been wrong.

>>49297016
It's just paid shills, this subsquid conversation is less organic than styrofoam. Notice how they're all 1 post by this id and joined all at the same time? Someone must have linked this thread in their telegram and here we are.

When GRT was $2.30 it had a marketcap of 2.8B. In November it was around $1.11 with a marketcap of around 5.25B.

Now a 5.25B marketcap would only be $0.76.

>>49293980
I wasn't lucky with the NFT giveaways, but I was able to get more knowledge and some contacts that can help me in my dApp development.

>>49297340
You still have made any sense from your statement

>>49293120
>>49293158
Wtf is this attempted shill job hahahaha

>>49297400
And yet by EOY all tokens will be released with a slow inflation (slower then eth) to guide that to its max cap.

>>49297886
So what is your call on GRT? Where are we headed Mr. PerfectPrediction

>>49293394
I think most of them are really banking on subsquid to grow

>>49293442
I think it is already ended, becoming dao is a logical step now

>>49297699
...that's not even english, you jeet. Go shit in a street.

>>49293063
when is the TGE going to happen, I think they are dropping some nft collections as well.

>>49293955
I think they are working more on web3 I guess, making some really powerful APIs

>>49298590
I really want someone to make a really powerful API for web3 and fuck Elon musk on his face.

>>49298517
Imagine showing your grand children you collected squid nfts to become rich
>>49298590
I think making really powerful APIs too

>>49298590
are they participating dotsama in Prague

>>49298590
I just heard about them when moonbeam and astar network started using their services

>>49297886
So, before mooning it should make a big dip due to this unlock right?

>>49300467
yes, it's going straight to zero
it's over

>>49293918
Making and maintaining your own is necessarily more expensive than just paying for what you use. There is no way around that.

Graph now officially supporting zksync V2 testnet on the Hosted Service. So no onboarding to mainnet coming for a loooooooooong time

>>49300467
>>49300647
Priced in

This is the most amazing crypto & Web3 project, idiots and moon boys just dont get it yet, they'll eat their own shit once it hits 10$ in a couple of years

>>49301770
$0.60 is optimistic.

>>49297016
>>49297118
didnt you shill ktlyo?

>>49302031
Once 1 trillion queries are ran a day you’re going to wish you bought in at these prices. The burn effect will be glorious

>>49302118
Yes at 6 cents before the run up to $1

>>49302155
Where are they now? they are no-names... Unless you're telling me your calls are based purely on when a coin pumps and not fundamentals, why should grt be around in the long run?

>>49302131
Sir please stop coping

>>49302155
Also, is link still going <1$?
>>17206564

>>49302201
The billionaires of the crypto community decided to band together and give this a red carpet rollout (the only of its kind). Do you really honestly truly believe a coin reaching its max cap effectively EOY is not going to moon once main net is live.

What's up my Sirs

>>49302472
definitively not GRT price

>>49302383
Nice red carpet bro

>>49302989
Imagine being bear after 14 red months in a row

how low can this go? We thinking 1 cent?

>>49303557
Considering last release will happen this December. And burn effect ramping up with lower inflation then ETH. I’m thinking this is the bottom unless btc dumps to 19K

Disregard everything I said. It’s over

>>49303577
>btc is dumping as we speak
>>49303907
kek
it's over

typical ponzi chart

>>49303557
bitcorn will go to 10k and this thing will rug like luna to 0.000001

In less than 24 hours we'll know if it's over or not.

>>49305134
Search your heart
You knew the answer all along

>>49305197
my heart says it's fucking happening. but also that graph day is probably a circlejerk nothingburger where yaniv will dance in a rave and try to get his dick wet

>>49306517
Uuuuuh, query fees paid keeps going up?

>>49306890
And price keeps going down?

>>49307185
That's literally the most bullish scenario possible. Read a fucking book.

>>49287516
>GRAPH DAY
>san san francisco
no.

I boughted

Ok is it time to start the countdown to grtday?
What we are waiting for?
My bet on normies adjustments. Low fees and fiat integration maybe?

>>49309381
yaniv will slap himself in a gas chamber and tegan will be milked to death while I pull the lever for both

lettuce be real tea. Graph day is just a scam by yaniv to siphon even more money from your normies. NOTHING will be announced there

>>49274701
>Me and the boys on are way to "graph day" for some of Tegans milk