Regarding the "Google of Blockchain"

[Anonymous No.28787676]

Speaking as a GRT holder: everyone in GRT threads who say it's the "Google of blockchain" can never expand on how or why this is important or valuable. They don't actually give you any use cases. For starters, why would storing data on the blockchain ever have any value? Why would you ever want to store a 700MB .mp4 of "The Seventh Seal" on a public blockain -- what benefit would that provide you from just storing it on proven dirt-cheap technology i.e. a NAS, cloud storage, etc.? Blockchains are public. The entire BTC blockchain is 328.73 GB as of Feb 14, 2021. So, <1TB to house the entire planet's data?

I have more respect for the people who openly don't care what GRT is or what it does, and just want the price to go up, than faggots whose best attempt at shilling is to call it the "Google of Blockchain" and post Pepe in a tuxedo. Not that the latter isn't based, but it's disingenuous. I know you don't want to admit that you don't know and you're just gambling, but what you perceive to be shilling in your mind is actually FUD.

[Anonymous No.28787818]

Just visit the website bud

[NuSux !AHXtXzOzdI No.28787881]

>>28787676
There is no reason to put any data onto the chain. Web3.0 is just a fancy term used to keep the ponzi that is cryptocurrency going. Web2.0 is the end of the line and the sooner everyone realize it, the better. Time to rip the bandaid off yescoiners. The casino is closing.

[Anonymous No.28787897]

>>28787676
We’re just tryna make money, damn

[Anonymous No.28787943]

>>28787676
one word: google of blockchain

[Anonymous No.28788025]

>>28787676
Dude like 2 seconds of research would give you you're answer. Instead you decided to shit up the board with "grt holders are retards because they don't understand it" despite not understanding it yourself. Not gonna spoon-feed you because a thread died for this. Nigger

[Anonymous No.28788029]

>>28787676
It’s because it crawls through blockchains and puts the data into an easily accessible form, like Google does for the web. But the data isn’t search results, it’s just variables or whatever for programs or smart contracts to use, as far as I understand.

It’s only like Google in metaphor, essentially. Technically I think you could build the Google of blockchains using it if you wanted

[Anonymous No.28788036]

>>28787676
just shut the fuck up and hold it

[Anonymous No.28788135]

>>28787676
etherscan only lets you see wallets.
This would let you see what all the coins represent towards a certain transaction. Say you want to look up tax information for a property. Then say you wanna see how that property was purchased or any liens on the property. The graph makes it possible.

[Anonymous No.28788208]

What about the epstein of pedophiles don't you get cracker

[Anonymous No.28788292]

GRT sounds like that one thing where people would get paid to find trivial information for technologically illiterate boomers. I know an obese girl who would make a non-trivial (for an unemployed fat ass) amount of money years ago, maybe she still does but I don't now and I don't care. Basically GRT is the "whatever the fuck that was" of the blockchain moreso than Google imho

[Anonymous No.28788343]

>>28787676
>why would storing data on the blockchain ever have any value
Because data is digital oil, so the google of blockchain is the oil rig the Middle East, and we are the zog bots coming to slurp it

[Anonymous No.28788500]

>>28788025
"Not gonna spoon-feed you" = "I can't easily summarize its value proposition in a single sentence"

>>28787943
>>28788036
Cases in point

>>28788135
Okay, but how would The Graph do anything that isn't already being done by existing non-crypto technologies?
>Say you want to look up tax information for a property, then say you wanna see how that property was purchased or any liens on the property
... right, I can already do that, and every single real estate company on the planet already does that using whatever flavor of existing decades-old technology stack they want, from ancient and reliable LAMP to more modern Node/serverless/etc. I've worked in backend engineering since the early 2000s and have yet to encounter a situation where I would ever want to use an unproven "revolutionary" technology when existing tech would meet my clients' needs in a fraction of the time and cost.

>>28787818
I did, and it's filled with stuff like this:
>To reach this vision of fully decentralized applications (dApps), it’s critical that we shift from a paradigm of businesses paying for the ongoing storage, compute, and other services required to keep an application running, toward users directly paying networks of decentralized service providers for granular usage of these resources.
So... instead of paying a predictable fee for hosting and storage... you pay a variable fee based on the volatile price of the ERC20 token? What? Why?

[Anonymous No.28788585]

>>28787676
What good is all of that public data if it can’t be accessed in a functional manner by those who want to access it? Data is only as valuable as its applications. You’re a midwit doomed to eternal failure if you’re incapable of understanding this.

[Anonymous No.28788624]

>>28787676
It's the Ask Jeeves of Linux.

>>28788343
based

[Anonymous No.28788692]

>>28787676
>For starters, why would storing data on the blockchain ever have any value?
What? The world literally runs on moving data. Everything we do nowadays involves moving data. Blockchain comes around, revolutionary tech, now there's data on the blockchain. Wow guess we need ways to easily and efficiently grab data off of this new crazy emerging 'blockchain' tech. I think your understanding stems from not seeing the value in a decentralized data storage and transfer mechanism.

[Anonymous No.28789195]

>>28788585
It really is a high IQ token. So many people letting their intelligence price themselves out.

[Anonymous No.28789222]

>>28788500
Youre an idiot.
You cant tell where all the money came from on a property purchase or the history of those funds.
Blockchain replaces a bunch of jobs in finance.
You do not understand the blockchain or any of the tech going into cryptos.
How jewish are you?

[Anonymous No.28789460]

>>28787881
Fucking tripfag fuck.
Web 3.0 is clearly a whole other ball-game. You clearly don't interact with the Defi market at all you coinbase nobody.

[52k !!TqilA1nmNFk No.28789980]

You cannot see further than your nose.
You are myopic at best, if not outright blind.
You have no idea where we're heading, do you?

Look at the past, what did it look like? Do you think the future will look the same as the present? Where do you think we're going, and what do you think is happening?
If you choose to remain ignorant and cling to past concepts, you will be left behind.
We are about to witness the birth of a new digital world. Will you have opened your eyes by then?

It's up to you.

[Anonymous No.28790169]

>>28789980
>posted 2 minutes ago
Literally already in the past

[Anonymous No.28790733]

>>28788585
>What good is all of that public data if it can’t be accessed in a functional manner by those who want to access it?
I bet you would have to Google API to know what the acronym stands for.

>>28788624
Again, no actual value proposition, just 4chan memes.

>>28788692
>I think your understanding stems from not seeing the value in a decentralized data storage and transfer mechanism.
Can you even give a definition of "decentralized data?" I own a few Linodes which are already massively redundant. If an entire datacenter got hit by a bunker buster, my apps literally aren't affected since they're already distributed redundantly across datacenters around the planet, much like a RAID array for disks. So tell me, how does "decentralized data" differ from this?

>>28789195
Like I said, I own a stack.

>>28789222
>You cant tell where all the money came from on a property purchase or the history of those funds.
So you're arguing in favor of transparency in all transactions? And for the record, yeah, actually you can typically see who sold a house and for how much on Zillow.

>>28789980
Meaningless buzzwords, total lack of ability to explain contemporary technology let alone what should be changed in the future, and why.

[Anonymous No.28790739]

>>28787676
>>28788029
OP you dismissed the best answer so far. But you're right most of these people don't know what they're buying. The fact is it's not easy to query data from the blockchain. The graph indexes the data on the chain so it's easier to access. It can be used to simply view data or to interact with some smartcontracts. To put it short it makes data and logic easily accessible

[Anonymous No.28791190]

>>28790739
Thanks anon not sure how I missed it. See, this is an actual use case. If it provides a standardized toolkit for smart contract interaction, then I could see value in it. But again I am uncertain why indexing a blockchain is necessary. Every single time I refresh my ethplorer, it queries the ETH blockchain and returns all the relevant information -- positions, holdings, transaction history, and so on. And it does so without an indexed blockchain. So it's not clear to me what value is added by GRT, even after spending an hour reading the information on their site. Having the ERC20 address on the homepage is also a red flag, but at least it's not as prominent as OGN or some other pajeet shitcoins I've seen recently (MahaDAO comes to mind, literally the first thing you see when visiting the site is "BUY NOW -- [contract address]". fucking pathetic, really.

[NuSux !AHXtXzOzdI No.28791377]

>>28789460
>t. burned many times on uniswap tokens named after food and dogs.
I love web3, its where me and my Pakistani friends go to feed our village. Let me tell you about some good investment opportunities, quick x100s no big deal.

[Anonymous No.28791722]

>>28791190
Either they already use the graph (at least etherscan does) or they have built their own data structure and basically indexed the data they need themselves. The graphs goal is to become one giant API from where all the projects can connect to each others data and contracts. It can be argued token is not needed or projects will built their own data structures, but often times people don't want to build tools if sufficient tools already exist.

[Anonymous No.28791976]

>>28788029
Good explanation. I'm tired of reading posts of people who take the metaphor literally.

[Anonymous No.28792184]

>>28791722
You could use The Graph + LINK oracles to create cross chain DEXs and Lending protocols that could find the best prices and the best rates. There's so so much potential here to be explored anon. The best protocols being made are the chain agnostic ones because they will be the ones to create tons of cross chain leverage as other EVM compliant chains start to build their money legos. If you don't understand this I'm sorry but you're not gonna make it.

[Anonymous No.28792216]

>Data exists in the blockchain in an unorganized fashion
>Dapp developers want to access this data
>Pre GRT they had to download the entire blockchain and then perform a linear search
>This problem becomes exponentially more complex if you want to join data.
>Say the difference between finding all men, all people age 40, or all people named John. Versus finding all people named John that are 40. The first example is hard enough, the latter would take ages
>GRT indexes the entire blockchain using what are called indexers (people with servers resources)
>They create queryable API that allow dapp developers to just focus on their dapp instead of creating a database
>Running servers isn't free
>Indexers get rewarded with GRT for hosting their servers as well as for processing queries
>Delegators signal to the network that an indexer can be trusted by staking GRT to that indexer
>Delegators get a share of that reward
GRT is needed as a currency to incentivized running indexing servers that process queries for dapps.

[Anonymous No.28792272]

>>28787676
Wolfram Oracles will be the google of blockchain... and connected with SingularityNet AI, it will be unstoppable. You have been warned.

[Anonymous No.28792395]

>>28790733
>Can you even give a definition of "decentralized data?"
UNIswap exchange?

>So tell me, how does "decentralized data" differ from this?
Linodes as in the cloud hosting? If so that's centralized. All of that data runs through Linode servers, yeah? Decentralized blockchains don't do that. It's decentralized in the sense that any one person who has the blockchain is a 'Linode' and they all compare new blocks against each other to verify the next block being made is correct. Each new block in a blockchain ties into the one beforehand and so on and so forth. Did that answer the question?

[Anonymous No.28792682]

>>28787676
OP, I like to see different opinions, and you're bringing something to the table at least. Now, do you know how is Uniswap using the graph? And why is it pertinent for them to use it?

[Anonymous No.28792793]

>>28789460
Worked

[Anonymous No.28792881]

>>28787676
Shut the fuck up

[GRTsux !!eIVjZHf0CUe No.28792905]

>>28787676
many of your digits are 7s, 8s, and 6s. If this doesn't tell you everything you need 2 know, then nothing will. To answer your question, Google itself does not make any money and is a Ponzi scheme based in Trinidad. Here's how it works.
>Set up basic website with a search bar
>Call it Google
>IPO
>Use webcams to spy on everyone to blackmail them
>Keep blackmail money in offshore savings account that pays 1.5% (actually pretty good)
>Use blackmail money to go on fun trips with your friends
Meanwhile the users of Google are thrown to the wolves and can never find what they're looking for which is why free pornography is so big now. People give up searching on Google and just go hop on a porn site which is easier even if it has a negative total value to your well being and teaches you nothing you couldn't learn through physical self-harm.
>>28787818
Google.com = PONZI
>>28787897
>tryna
You have bleached tips, are wearing JNCOs, listening to Eminem, and feel such extreme disappointment every time you look in the mirror because you are trying to (TRYING TO) be someone you are not. Instead of using the words "tryna" "Ima" "literally (in its popular incorrect usage) while not using any any linking verbs at all why not just be yourself and use your own words? That seems like a healthier thing to do and maybe it will change your attitude from "bad" to something more pleasant. I will tell you, I enjoyed this conversation and am looking forward to seeing the results. You have your whole life ahead of you, stop trying to pry yourself into the lowest common denominator, stop advocating for pro-Trump SCAMS like GRT, and start living your life. Maybe cut your penis off? That is a fashionable way to live these days. Many enjoy the genitalialess lifestyle. If nothing else you will receive praise from those - everybody it seems - required to hand it to you. How wonderful to walk down the street sans penis demanding praise. A handsome way to live.

[Anonymous No.28792932]

Isn't the blockchain just a bunch of transaction logs? Wouldn't the Splunk of blockchain be significantly better? What coin would that be?

[GRTsux !!eIVjZHf0CUe No.28793003]

>>28792881
Hello, might I request you delete this file both from this thread and your personal device?

[Anonymous No.28793017]

>>28792905
meds

[Anonymous No.28793138]

>>28792905
>many of your digits are 7s, 8s, and 6s. If this doesn't tell you everything you need 2 know, then nothing will.
What it means to me is that you have schizophrenia or some other form of mental illness which is currently untreated

>Google.com = PONZI
This confirms my initial suspicion

[Anonymous No.28793162]

>>28792905

>Set up basic website with a search bar
>Call it Google
>IPO
>Use webcams to spy on everyone to blackmail them
>Keep blackmail money in offshore savings account that pays 1.5% (actually pretty good)
>Use blackmail money to go on fun trips with your friends

WHY CANT I FUCKING GET 1.5% AND FUN TRIPS WITH FRIENDS

[Anonymous No.28793463]

It's actually really easy, my strategy is to buy when I see a coin going up and then sell as soon as it starts to go down

[Anonymous No.28793636]

>>28793138
you didn't answer my question

[Anonymous No.28793638]

>>28792216
>Data exists in the blockchain in an unorganized fashion
On what are you basing this claim? By its very definition the blockchain is an organized ongoing list of transactions between wallet addresses. To my previous point, why would you ever want to store regular data (meme JPGs, webms of thots) on a blockchain?

What data exists on the blockchain that cannot already be queried?

>Pre GRT they had to download the entire blockchain and then perform a linear search
Blatantly false. When I query my ETH address I don't have to download the entire ETH blockchian.

[Anonymous No.28793958]

>>28793638
>Blatantly false. When I query my ETH address I don't have to download the entire ETH blockchian.

Query it from who exactly?

[Anonymous No.28794091]

>>28792682
>Now, do you know how is Uniswap using the graph? And why is it pertinent for them to use it?
I don't. Can you link me to something that explains it? Preferably something published by either the Uniswap or GRT teams?

[Anonymous No.28794122]

>>28792881
>Like this
>Close your eyes
Miss his god damn point because my fucking eyes are closed.

[Anonymous No.28794413]

>>28794091
https://medium.com/uniswap/were-excited-to-release-a-new-and-improved-uniswap-info-b04a1fca94ae

[Anonymous No.28794667]

>>28787676
I'll give it to you straight, no one here has a fucking clue what the fuck these Gay Retard Tokens (GRT) does. Everyone here are illegally immigrated yolonigger newfags from wallstreetbets. They see a coin skyrocketing in weeks like GME, and they instantly hop onto it.

Notice the amount of replies to you that tells you to "do your own research". The fact that they can't even explain what the coin's purpose for in layman terms is a huge red flag.

Now they keep saying that it'll be used for data indexing, but why the fuck would you use blockchain for that? Not only is it an outdated technology, it is also slow and inefficient, literally no reason at all. Turns out, it's all a major marketing strategy. Slap anything onto blockchain, and you'll catch the eyes of investors and retarded wallstreetbets nigger zoomers.

If I'm not willing to pay Google even a single cent for a fucking search result, what makes you think I'm willing to pay anything to look up Blacked porn on the blockchain? Fucking mongoloids.

[Anonymous No.28794704]

>>28793003
Absolutely not

[Anonymous No.28794712]

>>28794091
I don't know neither kek. But that's bullish to see the biggest dex (who must have a lot of data to treat) is using them. I doubt they will be medium articles about how they are using the graph and why is it useful for them. Maybe it's like the Facebook/Cambridge Analytica type of thing, who knows.

[Anonymous No.28794728]

>>28790739
It's incredibly easy to query date you mong, every transaction it unique. There is only ONE result for whatever you want to search. There are not multiple John Doe's on the blockchain.

You can ctrl-f on any block explorer for any chain and find the transaction you want.

[Anonymous No.28794832]

Dude it's the fucking photoshop of memes.

[Anonymous No.28794860]

>>28794667
Please only FUD the GRT meme threads, thanks.

[Anonymous No.28794959]

>>28787676
Imagine that someone pirated The Seventh Seal on an immutable, encrypted ledger.

[Anonymous No.28795102]

>>28787881
>no one would ever want to have a personal computer.
>the internet is a waste of resources and will never be widely used
>the blockchain concept is worthless we will never find application for it
Are you seeing a trend friend?

[Anonymous No.28795185]

I wanna buy a stack of this coin but the total supply worries me

[Anonymous No.28795203]

>>28794667
You spent time to write all of this and I didn’t read a word.

[Anonymous No.28795247]

BLACKEDfolio keeps sending me notifications that GRT is dumping. REEEE

[Anonymous No.28795253]

>>28794959
While this would be based, how exactly is the blockchain going to scale to support the amount of data -- even just pirated Bergman films -- that is already served by distributed and massively redundant cloud hosting? Also, there is the concern of the data being permanently encoded in the public blockchain. What if somebody uploads CP to The Graph?

[Anonymous No.28795269]

>>28793463
/biz/ is the only place on the internet that gets this.

[Anonymous No.28795333]

>>28795247
it said it dumped to 1.7 on kraken

tfw the fud is spreading in the apps too

[Anonymous No.28795424]

>>28787676
Spot on, was going to buy into GRT until I realized every post shilling it was just 'it go up' or 'google of blockchain'. Aka most of the holders have no idea what it is, are just gambling, and will jump off like flies off shit the moment it goes down too much. I say this as someone who by crypto standards is tech illiterate as well. I may not be able to understand the intimate details of blockchain, but at the very least I can tell if the holders of a certain coin do or not.

[Anonymous No.28795581]

>>28795253
I do not think that GRT would be the medium to store data that large but it would be able to access it. However on the subject of CP GRT could be used to investigate where it came from and to whom it was sent.

[Anonymous No.28795865]

>>28793638
>Blatantly false. When I query my ETH address I don't have to download the entire ETH blockchian.

Holy fuck you can't fathom querying an address vs trying to find a specific data set in the entire history of ETH.

Bro you aren't going to make it. The fact that you can't wrap your head around why a DEVELOPER would want to be able to run simple sort function over the entirety of a blockchains history relatively instantly to deliver something

[Anonymous No.28795869]

>>28794728
How would you ctrl-f wallets that hold more 1000 link and less than 10000 grt? Just giving a very basic example. Good thread btw, good job OP trying to make sense of this

[Anonymous No.28795876]

>>28795424
>I may not be able to understand the intimate details of blockchain
Okay thanks for letting everyone know you are a fucking retard lmfao. The reason this project is seeing hype is because of the intimate details and functions. Good lord I hope you are just baiting.

[Anonymous No.28796120]

>>28795876
>The reason this project is seeing hype is because of the intimate details and functions
>Still doesn't post them
I'm sure this is a good coin based on the few actually good posts I've seen on it, but when most of the holders are gamblers it's overpriced. I'll buy in around 1-1.50 when it's clear they've moved to another coin, but for now this latest pumped was fueled by gamblers hopping from shit coin to shit coin, and not real holders. You may understand coin fundamentals, but you don't understand economics.

[Anonymous No.28796334]

>>28794667
Great Reset Token. Those with grt get to eat ribeyes. Those without can either starve or eat the bugs.

[Anonymous No.28796372]

>>28795424
>>28796120

>until I realized every post shilling it was just 'it go up' or 'google of blockchain'.
>I say this as someone who by crypto standards is tech illiterate as well.
>I may not be able to understand the intimate details of blockchain
>Still doesn't post them

You haven't read anything in this thread nor any other GRT threads that discuss these things. You're trolling right?

[Anonymous No.28796487]

>>28796120
It's like seeing link at 20cents and be like, it's still overrated, we are in the bearmarket for godsake, I will come back and buy it at 10cents

[Anonymous No.28796594]

>1.2B circulating supply

HAHAHAHAHAHAHAHAHAHAHA

[Anonymous No.28796636]

>>28795869
>pick your favourite block chain
>go to the block explorer (which is hosted on a VPS somewhere)
>ctrl - f on the blocks to find the transaction you want
>ctrl - f {json_parse} wallet with {specific contract}

How do you think block chains and wallets work currently? The graph literally is not needed, because every transaction on the chain is ALWAYS unique.

[Anonymous No.28796710]

>>28796594
> Looks at a handful of numbers
> Does not consider the context of the project when reading them

HUR DUR NUMBER TOO BIG FOR IT TO MOON

[Anonymous No.28796813]

>>28796636
You're legitimately retarded, have you ever run a query in a database before?

Look up what a Postgres index does, then see if you can imagine the analogy on a blockchain without frying your brain

[Anonymous No.28796875]

>>28796120
Read the fucking thread and DYOR you turd.

[Anonymous No.28796900]

>>28796710
>NUMBER TOO BIG FOR IT TO MOON
yes?

[Anonymous No.28797121]

>>28796900
The supply is tied up in delegations (kinda staking), and even when people decide to undelegate, the token cannot be transferred or used for 28 days. Not to mention the fact that the token is the currency to be used by anyone that wants to consume indexed data.

Guess how many queries are made when you load up Twitter? Investing in GRT is investing in the belief that technology advances. If you don't think the internet is moving towards distributed computing and decentralization then feel free to ignore Graph

[Anonymous No.28797549]

>>28787676
Look dude
Your average person isnt going to do any kind of research on the shit they invest in
is claiming its the google of block chain a gross over simplification? yes but that doesnt matter
it sells to dumbasses and dumbasses will make a good investment because of it

[Anonymous No.28797719]

>>28796372
I have, but the fact that you aren't posting any fundamentals to prove me wrong just shows you're another gambler. The reason GRT is so valuable is because it makes creating new coins etc. a low more efficient by standardizing and created a replicable framework for a lot of the work that goes into it initially. A good analogy I heard is that it's like the creation of game engines in vidya.
>>28796487
You can still double your return if you wait for $0.10. Anyone who knows anything about GRT knows it's overpumped rn.
>>28796875
>fb

[Anonymous No.28797739]

>>28796636
Actually you're correct. You can just parse the data from a server. I didn't take into account the unique nature of the tx's. Thanks for pointing that out honestly

[Anonymous No.28797865]

>>28790733
Yeah what do you think auditing the fed was all about?
You think Goldwater or the JBS didnt start this movement, than youre jaded.
We no longer want a rigged game. Total transparency. Unless you want panama paper killings, or do you Juden?

[Anonymous No.28797970]

>tfw 50k stacklet

I should have bought more when I had the chance

[Anonymous No.28798028]

>>28797719
All you've stated is that you don't like what you perceive to be gamblers buying it. OPs points have been discussed in this very thread and others.

[Anonymous No.28798069]

>>28797739
>the unique nature of the tx's

It seems a lot of people are being fleeced by this. No one thinks logically. Luckily it's just another PnD and everyone who shilled it is out already

[Anonymous No.28798284]

>>28798028
>not understanding how price works
>not understanding why tons of weak handed gamblers holding this is a bad thing
>not understand why this will create a much better price to buy in for in the near future
Ngmi.

[Anonymous No.28798375]

>>28787676
Is the Google of blockchain, what else do you need to know?

[Anonymous No.28798627]

>>28798284
Weak hands didn't scoop up sub $2 GRT

[Anonymous No.28798715]

This dude is straight up stupid >>28793638

[Anonymous No.28798781]

>>28798715
I don't think he understands blockchains and how they work.

[Anonymous No.28798785]

>>28798627
Even by that standard, which I disagree with, it's still currently overpriced@$2.30.

[Anonymous No.28798844]

>try to short sell it
>it rises
>"okay, fuck it, let's just buy and stake"
>it goes up
Fucking currency, I swear to God.

I got only one lesson, wanna trade with profit - try bots. Waiting for Bot Ocean release to use best instruments

[Anonymous No.28798989]

>>28793003
kill yourself fucking schizo

[Anonymous No.28799013]

>>28798844
ESL detected

>>28798785
Okay

[Anonymous No.28799465]

>>28798989
Stop it. We need him.

[Anonymous No.28799605]

OP is a huge fucking faggot. Not bothering reading more than his first reply. It's not our job to do your research for you, you blithering newfag retard.

[Anonymous No.28799630]

Is it too late to get in? I got around 10K but I don‘t know if we already reached to hight for now. At least grt is already a final product if I did my research corrcet? Can someone who is already staling explain to me how it works in detail? How much grt ia needed to stake and is there a minimum time to stake?

[Anonymous No.28799759]

>>28787676
Why are fees for GRT transactions so high in comparison to other PoS coins?
A transfer from coinbase costs > 4GRT, which is like $10 , while for coins like XLM, EOS or ALGO, it is nearly 0.

Given that, why would it be better than such coins?

[Anonymous No.28799945]

>>28795185
Don't worry about the supply. Given what GRT does the high supply is needed.

[Anonymous No.28800410]

>>28799630
Essentially out your GRT into MetaMask. Make sure you have some ETH to cover has fees.

Go to network.thegraph.com and find an indexer you'd like to stake with. Choose wisely because to undelegate requires a 28 day cool down where you cant touch your GRT.

To calculate the rewards you'd get on a specific indexer you can use this site. the-graph-rewards.com

[Anonymous No.28800496]

>>28799759
>>28800410
I'm delegating with p2p

[Anonymous No.28801429]

>>28799605
Oh don't worry anon, you've convinced me, it's the "Google of Blockchain"

I FUD my own holdings because I want to determine if they're actually worth holding.

[Anonymous No.28801570]

>>28801429
Based but frustrating

[Anonymous No.28801963]

>>28797549
This. Not everyone has to be able to give a presentation on the projects they invest in like they're part of the dev team. I don't know shit about tech, but I do know that as far as dumb money goes this is one of the smarter places to put it.

[Anonymous No.28802532]

3/3 it hits $3
You cant stop it

[Anonymous No.28802605]

>>28801429
>i fud my own holdings

lazy nigger who can't into research and must be spoon-fed like the lemming he is.

There are projects I am sitting on that I am certain will 100x in the next 6months that I haven't seen seen mentioned on /biz/

SEETHE

[Anonymous No.28802842]

>>28787676
whats with the influx of lames recently?

[Anonymous No.28803009]

>>28802605
>There are projects I am sitting on that I am certain will 100x in the next 6months that I haven't seen seen mentioned on /biz/
name 3

[Anonymous No.28803637]

>>28787676
Google indexes all data on the internet. There’s currently centralized services that index all blockchain data like Google big query, dune analytics, or even etherscan indexing ethereum blockchain. Having a decentralized smart contract relying on a centralized server doesn’t make it very deterministic. People are calling the graph “the Google of blockchain” meaning it’s main purpose will be indexing every all blockchain data, eth, dot, BTC, etc. currently it’s not very easy to query blockchain data because it’s like finding a needle in a haystack. The graph isn’t like Google in the sense normies will look up cat pictures. It’s for developers to quickly pull the data in that they need. Hopefully this makes more sense?

[Anonymous No.28803784]

>>28803009
I'm still accumulating. I'll know it's my sell signal when /biz/ starts talking about them. I'm not going to spoon-feed newfags and swingerseither. This board has gone to shit.

dyor research

[Anonymous No.28804184]

>>28803784

why are you even here?

[Anonymous No.28804225]

>>28803784
>dyor research
You can keep your secret moonshots to yourself poorfag

[Anonymous No.28804353]

>>28803784
Oh so you are a full of shit Larper. Very cool desu

[Anonymous No.28804383]

>>28803784
I have a girlfriend that goes to a different school too

[Anonymous No.28804393]

Me holding GRT

Get on my level

[Anonymous No.28804514]

>>28804383
kek

[Anonymous No.28804590]

>>28803637
It's not difficult to pull data though. EVERY TRANSACTION IS UNIQUE. It's literally 1 ctrl-f search.

There is not multiple John Doe's on the block chain. There is only one.

[Anonymous No.28804684]

>>28787676
I dont care about any coin as a project i just want to make money and will shill to newfag redditors if i have to

[Anonymous No.28804722]

>>28793003
I'll pay you 10 whole BTC to plow your ass raw for a week straight, male or female don't care, i love crazies

[Anonymous No.28804839]

>>28804225
>>28804353
>>28804383
>>28804184

COPE.

I'm here to dab on newfags and fuds who keep /biz/ from making money with their low-IQ posting. I'll reveal my secrets to biz once i'm done accumulating. You'll make money either way.

[Anonymous No.28804969]

>>28793638
>why would you ever want to store regular data (meme JPGs, webms of thots) on a blockchain?

I don't know if this is right, but someone correct me if I'm wrong:
Data on a blockchain can't simply be censored. I could store literally anything on it and only if someone actually attacks the entire blockchain they could erase it. I think this is the case for The Graph, isn't it?
If so, this is incredibly useful and scary at the same time. Imagine having undeletable child pornography on the internet, but at the same time imagine having all shit that CCP does being broadcasted to China without the entire government being able to censor it.

[Anonymous No.28804984]

>>28791190
> Why does Graph exist if people could just use etherscan

I'm beginning to doubt you actually have an engineering background. Either that or you're one of those SVPs at a bank who just say the word 'Apache' until people think you're smart

[Anonymous No.28805220]

>>28804839
We're the one coping and you're a stable genius who spends his spare time generously handing out nuggets of information to a board of autists.

Quick question though, how bad is your aspergers?

[Anonymous No.28805238]

>>28804969
You have that on Freenet already

[Anonymous No.28805253]

>>28804969
Well no, the block chain can never be compromised or deleted lmao. It's a shit show. There is no need for any of this, because every thing is unique and immutable.

[Anonymous No.28805259]

>>28804684
>I will shill to redditors
Shill with what? Pictures of pepe? You're no different than any garden variety pajeet who can't answer any questions regarding the project but still insists "MOON HODL!" Your shilling actually makes you poorer.

[Anonymous No.28805385]

>>28787676
I know exactly how the graph works and what it is. “Google of blockchain” is an apt description. But it’s not fool proof, fools like you will not get it.

[Anonymous No.28805445]

what are your buy limits?

i have one at 1.8

[Anonymous No.28805500]

>>28805385
Because 90% of people don't know what Google actually does

[Anonymous No.28805533]

Have you ever fantasied about having bought bitcoin at a dollar?
nows your oppritunity

[Anonymous No.28805551]

Is no one satisfied that it's staying above $2? In a year's time no one will care what price fluctuations are occurring right now. Set your sights further, fudding cunts.

[Anonymous No.28805583]

>>28805253
>Well no, the block chain can never be compromised or deleted lmao
So, if store thot.jpg in it anyone can't delete?
I don't get what you're saying.

>>28805238
Yes, but it is easier to intervene in that kind of content and disable it.

[Anonymous No.28805625]

>>28805259
Why dont you go read the whitepaper, dickcheese. Nobofy is gonna spoonfeed you

[Anonymous No.28805675]

>>28805551
It's the slow crab downward thats got me worried. Peaked at $2.80, and every since it's been a steady downward line.

[Anonymous No.28805843]

>>28805551
>Is no one satisfied that it's staying above $2? In a year's time no one will care what price fluctuations are occurring right now. Set your sights further, fudding cunts.

Many people got in just to chase the pump and have no belief in the project long term.

[Anonymous No.28805868]

>>28804984
Everyone has been comparing GRT to Google in that Google creates an index of webpages, and GRT will index of "blockchain data." But what specific data lives on the blockchain that requires any sort of indexing? For example, Uniswap's smart contracts are open source and publicly available, and they live on the ETH blockchain.

Google's index is useful because there are hundreds of millions of websites and files around the internet, and finding search phrases among those pages is where the index is valuable. So what kind of data are we expecting people to be searching for on blockchains? The entire BTC blockchain is ~300GB; most blockchains consist of little more than transactions between addresses. Why would an index be necessary to search ~300GB worth of data? Are you anticipating that eventually GRT will be a massively decentralized public data store?

[Anonymous No.28805903]

>>28795102
>Haha which retard uses a phone to call, I just go visit someone
>Haha which fag uses email I just fax it

This guy gets it

[Anonymous No.28806088]

>>28788500
>I've worked in backend engineering since the early 2000s
Oh ok then you should actually get it. The Graph is a blockchain indexing SaaS implemented on a decentralized network (so a dSaaS), that uses a utility token to keep track of payment. Nothing new or weird with that model. So your question should be, how valuable is that SaaS, indexing blockchain? The answer is that it’s very valuable, because it is rather expensive and loads of dApps and smart contracts need to run blockchain queries.

[Anonymous No.28806141]

The fact that, just like in December, half the board hates this coin and the other half loves it, and the fact that those who were so life-consumingly all-encompassingly universe-disregardingly autism-hyperfocussly enraged that anyone held this coin turned out to be WRONG is the biggest buy signal you could ask for. You are never to be forgiven for preventing so many anon from buying in at a good price in December. FUD and seethe, faggots.

[Anonymous No.28806155]

You want a real use case scenario?

How about storing multiple AI data sets that overtime only grow to train more sophisticated AI's. You know how valuable this will be? This will be worth billions. I think The Graph will mainly be a marketplace for OPEN SOURCE data in the future

[Anonymous No.28806173]

>>28805675
It'll find support at some point, the ship's not sinking, just hitting some waves.

>>28805843
Sad. GRT threads were so comfy last month with everyone talking about being in for the long haul, holding for 2-5+ years. Latecoomers got the wrong idea about this project.

[Anonymous No.28806181]

>>28787676
IPFS is $100/GB

[Anonymous No.28806233]

>>28806155
Correction: As in open source everyone can buy it. Not that it's free

[Anonymous No.28806273]

>>28805903
>haha who needs the automatic mobile, I have a horse and buggy
>haha who needs structurally sound “houses”, I have a perfectly good cave
>haha who needs fire, I can just eat animals while they are alive and screaming

[Anonymous No.28806403]

Tfw bought the top

[Anonymous No.28806427]

>>28805583
>anyone can't delete?

Well no son, it will never be deleted lmao. That's how the block chain works. You can't delete transactions from it from 10 years ago, you won't be able to delete transactions 100 years from now, etc etc.

The indexing never needs to be a thing, in the blockchain world, because EVERY TRANSACTION IS UNIQUE and does not require some special service. You can literally ctrl-f on any block explorer, and find exactly, the one result you're looking for.

[Anonymous No.28806513]

>>28806088
Just so you know in the future: SaaS isn't an impressive buzzword real devs use, you can just say software

[Anonymous No.28806838]

>>28806233
Open source means the source is publicly available and free to use. As for storing AI datasets, we're talking about about petabytes worth of data. Again, for comparison, the entire BTC blockchain is ~300GB of data. Also, how would the dataset grow? The blockchain is immutable -- once a transaction hits the ledger, it's permanent. How exactly will CRUD work on an unchangeable blockchain?

[Anonymous No.28806946]

>>28805868

People aren't searching for data, the DeFi applications are. The dApps will be ingesting data into the app (like any app does) via The Graph. It's a data delivery and standardization protocol for web3 about as important as TCP is for networking. Same reason why no enterprise writes it's own query language for their databases; they use SQL, MongoDB, PostgreSQL, Oracle, etc and they move on with their product mission. No decent company creates it's own protocols if it can at all be avoided. Industry adoption, support, predictability, and compatibility is best practice. Creating your own indexer for your app is le fail project time.

Have you used Coingecko? Then congrats you have used The Graph.

https://thegraph.com/blog/curator-program-launch

This is just the beginning of web3.

t. sysadmin

[Anonymous No.28806952]

>>28806838
Sell signal

[Anonymous No.28807018]

>>28806173
>GRT threads were so comfy last month with everyone talking about being in for the long haul, holding for 2-5+ years.
The entire purpose for this thread has been to determine whether or not this is a long-term hold; i.e., what specific utility this product serves that is not already served by existing technologies. So far, the case for "public decentralized data store" is extremely weak.

[Anonymous No.28807023]

>>28790733
>can you define "decentralized data”?
Let’s start with “decentralized”, in crypto it carries a few connotations that if not fulfilled implies it’s not decentralized with respect to crypto.
The central issue, from which everything stems, is what you need for reliable smart contracts. The idea with smart contracts is that once they are launched, they can’t be stopped or changed. They are like golems, carrying out their instructions forever even if they are bad. But let’s say you have a good smart contract. That’s not enough, that its code is good. You also have to ensure that any services it relies on, external to the contract code, is as reliable as the contract. If you launch a contract that relies on getting a price feed printed to blockchain by some company that can change its ToS, go bankrupt, pivot or whatever it deems expedient, users won’t trust it. But if it relies on a network of participants where game theory punishes anyone who doesn’t follow the protocol, your contract can build a dependency. It really is as simple as that, smart contracts rely on services ran on decentralized networks, the graph is such a service.

[Anonymous No.28807215]

>>28806427
>because EVERY TRANSACTION IS UNIQUE and does not require some special service. You can literally ctrl-f on any block explorer, and find exactly, the one result you're looking for.

What if I'm not exactly looking for a transaction? I'm looking for another data? What if the blockchain I'm looking into actually stores data about some set of people and I want find a certain group of people that is over 40 years old and the name starts with F?
You can "store" text messages on the bitcoin blockchain by adding OP_RETURN in it, for example. Of course i can easily find this text with the transaction ID, but what if I don't have it? What if I just rembers that the text was something like "poo in the loo pajeet" and want to search for this string?

[Anonymous No.28807352]

>>28790739
>But you're right most of these people don't know what they're buying
Do you think most people buying Google shares understand map-reduce or the intricacies of their ad based business model in which you rarely see ads?

[Anonymous No.28807378]

>>28806946
>>28807023
These are the first two replies in the entire thread that provide a clear valuable use case for GRT, bagholders ought to be rejoicing. Thanks bros. Shills, copy + paste these into your pump scripts.

[Anonymous No.28807487]

>>28805220

As they say, "lean into your strengths."

[Anonymous No.28807633]

just do the needful and don't ask questions

[Anonymous No.28807836]

>>28807018
There is simply no competition in querying blockchain data. If you don't see the utility in that, then get the fuck out. Dapp developers will use the fuck out of the Graph, it's only been around for 3 months. I'll take the dip from weak hands getting out so we can go back to steady growth from people who actually support the Graph.

[Anonymous No.28808064]

>>28806838
>>28806946
^ This

Its a standardized way of not only being able to query already indexed data (like rapidly searching/analyzing a Postgres table based on an indexed column), but define new indices, all with an easy and standardized API. Any blockchain product that wants to know what is happening elsewhere in the network will use this and any tooling that is developed around it since it is a standard. Not to mention that GraphQL is not new to The Graph, its a well-loved REST alternative that has become very popular lately.

Now that should be enough to realize how important this is in an established Web3 world which is indeed where we are heading.

But there's more. It will help facilitate the bridge between Web 2 and Web 3. Chainlink has enormous backing and attention because it is allowing Web3 applications to use data from Web2 without compromising the decentralized nature of the architecture. The Graph does the same thing but inverted, it allows Web2 to ingest and use data from Web3 applications.

Etherscan/coingecko is an obvious example but I'd like to address the argument that they don't need something to do what the Graph is doing. They are using it out of convenience, they don't use the full power of the tool.

However

Not everyone just wants to look at transactions, what if you are running a crypto wealth management company and need to get non-obvious metrics against it, maybe you want to quickly aggregate average age of wallet percentage of trades where they ended up with the stronger asset in the long run? That'd be non-trivial to implement so that business now has to hire blockchain data-engineers to clean and produce that table. With The Graph, they don't have to do that.

As an engineer, if I was working in that space and needed to access data, you better believe I'm not hand-rolling that when I could literally use GraphQL and not have to give a single shit if the data is coming from a blockchain or a regular CRUD application on AWS.

[Anonymous No.28808081]

>>28793638
>What data exists on the blockchain that cannot already be queried?
None. It’s even searchable in linear time, just one pass through the blockchain and you’ll have your answer in a matter of days, or even hours if you spend enough on hardware (remember this task can be parallelized! You can do a map-reduce and become the google of blockchain!)
The only reason The Graph is a thing is because these MTV-generation kids want subsecond results on their queries. Never learned the virtue of patience.

[Anonymous No.28808215]

>>28808081
Anyone who doesn't think this is funny is NGMI

[Anonymous No.28808425]

>>28796120
>I'm sure this is a good coin based on the few actually good posts I've seen on it, but when most of the holders are gamblers it's overpriced. I'll buy in around 1-1.50 when it's clear they've moved to another coin, but for now this latest pumped was fueled by gamblers hopping from shit coin to shit coin, and not real holders
Ok well you’re right on this though. But don’t let people not understanding lead you to believe there’s nothing to understand.
> t. 100k stack

[Anonymous No.28808576]

>>28808425
> don’t let people not understanding lead you to believe there’s nothing to understand

Very well put

[Anonymous No.28808748]

>>28796636
The fact there is primary key lookup on tx id does not imply that’s the only indexed lookup smart contracts and web3 dApps will need. If it were true, the graph would not be needed. But it’s not true, so the graph is needed.

[Anonymous No.28809465]

>>28804590
> you don’t need an index
> every database entry has a unique row-id!!
There are very much multiple John Does on the blockchain. Every currency is a John Doe, so is every account, every smart contract, none of them natively indexed on the blockchain. And the graph doesn’t just index, it aggregates, giving you access to statistics such as transaction volume per day for an exchange, currency, smart contract...none of this comes for free just because there is primary key index lookup on tx id.

[Anonymous No.28809688]

WHY IS THAT SHIT BACK TO 2 DOLLARS?

[Anonymous No.28809741]

>>28809688
if I'm not paying Google even a single cent for a search result, I'm paying fuck all to use GRT to look up shit on the blockchain

[Anonymous No.28809849]

>>28809741
Either bad fud or actually mentally challenged

[Anonymous No.28810011]

>>28809741
You're paying Google in your personal information.

[Anonymous No.28810017]

>>28806513
I know this but you came off as management. If you’re a dev then god help us all.

[Anonymous No.28810243]

>>28807215
Then you need The Graph. I inow you know that, but for the lurkers.

[Anonymous No.28810335]

>>28806946
I never thought I’d say these words, but: the sysadmin is right!
> t. dev

[Anonymous No.28810665]

I have no idea how Grt works but all I know is number go up

Putting $60,000 more into it this week hopefully

How long realistically will I need to hold 70,000 GRT to make it? If it gets to $10 I could live off of indexing rewards alone

[Anonymous No.28810739]

You know what? I've reached the acceptance phase I think. I chased a pump and bought at 2.60 and it just isn't going to get back there anytime soon...so I sold. Go ahead and pump it to the moon, I fucking sold everything for a big (relative) loss

[Anonymous No.28811320]

>>28810335
>>28808064

[Anonymous No.28811361]

>>28806946
>>28808064
Such disgusting and obvious reddit tourist posting

[Anonymous No.28811774]

>>28810665
Dont you find it curious your unrealized rewards are still 0?

[Anonymous No.28812071]

>>28811774
This pic is from a week ago I’ve made nearly 90 grt in 5 days

By my math If I get 70k GRT and price is at $10 I’ll make nearly $2000 a week

More than enough to live like a king

But Idk if this is the next link of just a scam lol, I’m literally too stupid for crypto, I’ve tested and my IQ is around 95 and I have extreme debilitating ADHD. I don’t even know what ethereum does and I’ve been on this board for 4 years

[Anonymous No.28812366]

>>28812071
Great choice to have it delegated this, this way your ADHD doesn't get in the way.

[Anonymous No.28812459]

>>28808064
Wow I thought the era of actually informative Graph posts died in January.

Welcome anon, hope you have a massive stack.

[Anonymous No.28812497]

In the end this is just another shitcoin that will only exist to facilitate further shitcoinery. Nobody will want to pay out the ass for every query that their program does. Not on ethereum.
Algo has this same functionality, they just aren't gay about it because there's no need to be.

[Anonymous No.28812822]

I remember when bitcoin came out people would just disregard it as "what fucking good is digital tokens?" and "lmao buttcoin"

The point is someone much smarter than myself does see a potential in it, and how to use it.

[Anonymous No.28813029]

>>28812822
But bro paying google lol

[Anonymous No.28813090]

>>28813029
>He thinks using Google Search is "free"
LMAO

[Anonymous No.28813249]

>>28812366
I’m trying to be more mindful, I used to think i was smart but now I realized I’m an impulsive midwit

All I can do is find the most talked about coin on here and put it on a hardware wallet and lock it up forever


Used to have 40 btc and 40k link but panic sold the crash in 2018

This time I’m gonna learn to hold, I’m 70% GRT and 30% AMPL

honestly wish I could find a smart contract to lock my ampl for 10 years

[Anonymous No.28813374]

>>28813249
Can't you give it to your dad or something?
Put your hardware wallet in a safe in a bank?
This way you can't really panic sell without having to go through a lot of trouble.

[Anonymous No.28814265]

>>28792881

I've read this probably five times, I'm a stacklet with right under 1400GRT, but is this truly that revolutionary? Is there no way that ethereum or the blockchain wont become obsolete in the coming years? I'm a newfag to crypto, but I'm literally all in on the graph.