/biz/ - Business & Finance

[Anonymous No.54939909]

Is anyone here an oldfag from back in 2019? Was crypto as desperate and pitiful as it is now? The amount of indians pushing garbage and failed shitcoins spamming for one last pump. It's dreadful.

[Anonymous No.54939924]

>>54939909
U were so close to get quads , sadly you failed anyway oldfags can be found on the archives if ur looking for gems my friend.

[Anonymous No.54939943]

>>54939909
That's not what oldfag means

[Anonymous No.54940071]

>>54939924
The archives are blown to shit, there's so many holes. This is how I know /biz/ is full of poorfags larping, not one of you even bothers to donate to keep this shit functional. /pol/ chuds who are supposed to be broke retards have the most comprehensive archives, not one lost thread.
>>54939909
2019 was mostly Chainlink faggotry and larping about how much money we made/will make, barely any funny threads, board was almost all just
>BTC in 70% of the catalog
>Maybe Ethereum and a few ICO bullshit from time to time
>Bitcoin cash sometimes
>Chainlink faggotry
And almost nothing else.

[Anonymous No.54940087]

>>54940071
That's because pol archives are financed by historians. It's the main reason this site exists I think.

[Anonymous No.54940236]

before 2017 it was sane
but from 2017 onwards the normies became the majority and it's stayed that way since

[Anonymous No.54940248]

>>54940071
>/biz/ is full of poorfags larping, not one of you even bothers to donate to keep this shit functional
yeah maybe because this place stopped being valuable 5 years ago and all those posts are already archived. nothing else worth saving.

[Anonymous No.54940258]

>>54939909
>oldfag from back in 2019
I'm from 2016 you pleb

[Anonymous No.54940261]

>>54939909
actually it was much worse

[Anonymous No.54940273]

>>54939909
This is in my opinion the worst its ever been.

[Anonymous No.54940276]

>>54939943
guess what retard as time passes things become old

[Anonymous No.54940334]

>>54940261
Didn’t Bizonacci rope?

[Anonymous No.54940556]

>>54939943
exactly it means joined in 2017

[Anonymous No.54940563]

>>54939909
I'm a 2020 oldfag

[Anonymous No.54940599]

>>54939909
Nothing really changed just the scams got a new names.

[Anonymous No.54940610]

>>54940273
It feels like a prodtitute sucking dick in a back alley

[Anonymous No.54940614]

>>54939909
There was less aggressive venture investment, and it seemed like there was less shitcoining at the time, but I wasn't on /biz/ much in '19 since I dismissed it as a shithole after seeing how it behaved in 2018 so I can't comment on how the retarded side of the sector was carrying itself in 2019.

In the eyes of mainstream society, crypto's in a bit of a 2019 period, but within the industry itself it feels like early 2020.

[Anonymous No.54940617]

wait till you learn how the stock market functions

have fun and be grateful we live in such nutty times that you can become rich off shitposts

[Anonymous No.54940627]

>>54940614
No in 2019 cryptos had to come up with white papers and narratives still

[Anonymous No.54940640]

>>54940556
those joined after summer 2008 do not qualify

[Anonymous No.54940642]

cryptos always been a shitfest, if you're actually from 2019 you'd know that

[Anonymous No.54940650]

>>54940642
No there was ubi, chainlink, that German one, they all promised something

[Anonymous No.54940662]

ancientfag from 2016 here

[Anonymous No.54940682]

>>54940071
>/pol/ chuds who are supposed to be broke retards have the most
The people who say that are all underage discord trannies. /pol/ was invaded by boomers in 2015 so obviously retirees who stole the future have deep pockets.

[Anonymous No.54940692]

>>54940627
Basically, mainstream society has written off crypto as "dead" again. Like 2019.

Working in the industry right now, you do need a white paper or at least solid pitch documentation and some software to show for it, ideally with a compelling narrative to go with it, to secure proper venture funding. 2021 in crypto and currently 2023 in AI - "full retard venture investing" eras.

The difference between 2019 and 2020 in the industry was that in 2019 a good paper/pitch/narrative wasn't always enough, and the funding was extremely limited from what I've gathered. Upstart devs were couch surfing to get their projects off the ground. Things started warming up for venture investing again in 2020. Things are a bit warmer now in that regard than late 2022 / early this year, though 2021 valuations are a thing of the past.

DeFi's emergence in 2020 means there's no real end to shitcoining now, but I don't really consider it any sort of indicator of what's going on elsewhere in the industry.

[Anonymous No.54940694]

>>54939909
Lol I’ve been on this board since 2017 and my NW is only $50k.
I’ve missed dozens, maybe hundreds of opportunities to get rich. And yeah the crypto boom is over.

[Anonymous No.54940703]

>>54939909
If you don't know the mootyacht and can't tell me the first popular trend on /biz/ you're a fucking newfag

[Anonymous No.54940750]

>>54940650
>they all promised something
And none have delivered, they must deliver a product!

[Anonymous No.54940759]

here since 2017, sentiment is much, much better than last bear market with exception of link holders which was very strong back then
but overall it's obvious how big blockchain is going to be now so people waiting it out until 2024/25. also the eth and link staking incomes keeping many relatively happy
of course there's the normal bear market depression for those who were greedy in last bull but nothing unexpected

[Anonymous No.54940777]

>>54940703

fr, just gonna hold my $peperoni until they get big big. I aint fumbling this bag

[Anonymous No.54940785]

>>54940694
Same, but I somehow found my way into the industry from interactions here over the past couple years, which really seems to be paying off in comp/equity even if my retail bags have suffered.

[Anonymous No.54942044]

>>54939909
Yes, it was exactly the same in that regard. Only difference was that there was a genuine sense that BTC may be dethroned and that crypto in general could go to zero. 2018 - H1 2019 was great fun with Link memes, BCH, and the BSV Satoj Crypto Brown Pill. Then H2 2019 - H1 2020 saw the catalog spammed as we entered an era of jeet scams, culminating in the Yield Farming craze. Dog coins might have been around that time too, I honestly can't remember now.

[Anonymous No.54942103]

>>54939909
in a sense it was in another it wasn't.
There was the idea that it pumped and that was it, the hope was the fact that bitcoin/crypto still had potential.

Now, the graph overall looks bullish though it seemed that psychologically bitcoin/crypto has bankrupted thousands of normies. This means that for there to be another golden bullrun either the banks will fuck off and stop attacking crypto, or years will pass for normies to recover.

[Anonymous No.54942153]

>>54939909
If retards could bank on Token Metrics they could reach their financial freedom goals at ease.

[Anonymous No.54943544]

>>54940777
Kek

[Anonymous No.54943629]

>>54940334
yup his wallet has like 100k in donations in it untouched. he's dead sadly.

[Anonymous No.54943641]

member useless etheruem token? uet I member. Dev said he j7st wanted to make enough to buy a lambo and would do nothing with the token. He even saod dont buy his token, but he still made enough for that lambo. God bless white scammers, so much higher class than poo poos.

[Anonymous No.54943676]

>>54940662
Have you made it?

[Anonymous No.54944297]

>>54942103
>bitcoin/crypto has bankrupted thousands of normies
I will never fully understand why normies love to buy high and sell low.

[Anonymous No.54944586]

>>54940759
Heres the correct answer, op

[Anonymous No.54945083]

>>54939909
been here since 16 and this board has never been worse

[Anonymous No.54945197]

>>54939909

2019 is NOT oldfag. You can only call yourself an oldfag if you've been through at least 2 market cycles, 2017 and earlier.

[Anonymous No.54945948]

>>54939909
Stf and buy.

[Anonymous No.54946655]

>>54945948
Earning ride is dream come true because of how holoride's in-car VR entertainment has solved a huge problem for bad ass nigga.

[Anonymous No.54946877]

>>54940610
Lol you sound angry jeet I felt that way when I got rekt of my crypto bag am just getting my ass fix with sylo,go get some real stuff and get back-up

[Anonymous No.54946934]

I've been around since 2010. Around 2019 people still believed bitcoin would become a real currency of the future etc

When normal NPC's fully bought in around 2021, and it crashed, everyone realised it was a ponzi scam with no future

[Anonymous No.54947020]

>>54939909
Memecoin is a disruption of the bull season, I've moved to crypto built for decentralized IDs and rights.

[Anonymous No.54947049]

>>54946934
You're wrong.

[Anonymous No.54947072]

>>54939909
oldfag is 2017 and before at the very least

[Anonymous No.54947086]

>>54940236
Anons getting into cryptos that connect web2 IDs with web3 is good to see.

[Anonymous No.54947111]

>>54945948
Privacy tokens and cryptos with decentralized IDs and rights are a good start.

[Anonymous No.54947496]

>>54939909
Found a safe haven in ZK-Snark privacy tokens

[Anonymous No.54947512]

>>54947086
RAILGUN also have anons getting on board, as they do DASH.

[Anonymous No.54947526]

>>54945197
Wrong, no later than 08. Fucking newfag zoomer

[Anonymous No.54947578]

>2019
>oldfag
Nice try.

It was similar in '17, less spam but spam nonetheless. The biggest changes have been reddit coming to this board in 2020, government and /pol/ shills spreading whatever agenda now happens on every board and not just /pol/ and /b/. I'm so close to leaving 4chan forever after 13 years. Genuinely never thought I'd become the
>newfags ruined this site
type but here I am

[Anonymous No.54948196]

>>54947086
It reminds me of ORE. Thank you

[Anonymous No.54948341]

i was here most of 2018-2019, a few observations
- this board is way less useful now, there is very little high quality discussion, there are ton of bagholder general threads, there was always racism but now the pol squad is here and whining and blaming about jews, women, blacks, etc for their failures all day
- there used to be a ton of very valuable very sophisticated technical debates on btc and eth which are what gave me the conviction to invest as heavily as i did into 2021. there is NONE of that today, it's all shills
- the link stuff was fascinating, it was non stop all day every day, there really was something special about link that cannot be recaptured and there is nothing similar right now
- some of the macro threads are valuable but you have to sort thru a lot more bs
- in 2019 there was less shilling since there was no big erc-20 market like developed after defi summer
- in 2019 people would debate if there would ever be another bull cycle, now everyone takes it for granted (but by the end of this year, i suspect they wont)

[Anonymous No.54948430]

>>54947020
Yea jeet that sound good as One of the hottest is GoonsNft and incredibly, it has done some really solid stuff in recent weeks. The CHUNKS launch which will enable gaming more exciting with the RiskFi model where gamers wager each other has some real feel to it.

[Anonymous No.54948682]

>>54940556
In 2017 the mainstream normies entered crypto.
Anyone who joined later than 2016 is an eternal crypto noob and can never be an oldfag, sorry.

[Anonymous No.54949023]

>>54942044
Dog coins came at the end of yield farming and GME short squeeze.
GME was a real turning point, dog coin/shitcoin mania was sustained spamming for months.

[Anonymous No.54949236]

>>54939909
oldfag
2019
choose one

[Anonymous No.54950465]

>>54944297
They love to be told what to do. What they do is not important, following orders is.

[Anonymous No.54950608]

>>54939909
I'm not an oldfag but I was here before 2019.
The shitcoins have always been here, but they were more elaborate.

[Anonymous No.54950841]

2019 was bad, but it was also largely entertaining in a memey and energetic fashion (partially due to all the SHTF / clown world shenanigans at the time). 2023 is just regular bad.

[Anonymous No.54950844]

>>54939909
Now jannies choose what shitcoins they let shit up the board

[Anonymous No.54951711]

>>54948682
Kek facts are hard to be disagreed. Since 2018 crypto is being move towards mainstream adoption. Basically we can buy anything and everything with crypto at ease. Soon crypto and fiat will work together just wait and watch the development.

[Anonymous No.54951740]

>>54951711
Well I agree to that. I have witnessed a payment platform grow well and now has more than 20k merchant's across the globe and this month they are evolving to offer payments with both crypto and fiat.

[Anonymous No.54951837]

>>54939909
Ive been is crypto since before /biz/ existed.

No it has never been this desperate and pitiful

>2011-2013
Mostly based libertarians, goldbugs, ideology driven, high IQ and everybody thinks bitcoin is for actual p2p payments and #1 proprity is onboarding actual vendors in the real economy to accept BTC.

>2013 Bull
Most who make it in the 2013 run are those early libertarians & sound-money goldbugs. Many retire.

>2013-2015
the first alts start coming in but its all low tech manual stuff and fun. we get depressed in the bear but nobody is really worried about getting regulated to fuck. The world in general still was a lot more free and the thought of all governments coming down on crypto seemed unfeasible.

>2015-2016 bear
Maxipad smallblock digital gold religion slowly starts to form. ETH and first ICOs come in. The early ETH quick money attracts lots of non-ideology driven people without BTC as #1 foccus.
Libertarians are still prevelant but slowly losing mindshare.

>2017 Bull
ICO boom. lots of scams. on BTC the small blockers win and p2p cash libertarians get kicked from BTC community. BTC vibe becomes leftist. Libertarian ideology is still in the general ethos of crypto but the OGs dont run the show anymore.
But even with all the ICO scams the general MO is still to have a narrative for every project which tries to sound legitimate and tries to sound like it will revolutionize some industry. 90% is BS of course but they still TRIED to sound like legitimate businesses and were mostly doxxed teams.
Regulation felt far away and there were lots of loopholes. ICOs felt revolutionary to many.

>2018-2019 Bear
BTC religion radicalizes. ETH ICOs move away from public ICOs. regulation starts to feel more real and like more of a threat

[Anonymous No.54951840]

>>54951837
>2020 DeFi summer
CT ETH Degen culture forms. 2020 DeFi projects are lots of admitted shitcoins but at least they explore new on chain financial primitives. Chainlink makes most of this possible (/biz/ predicted this since 2017). Smart anons sell LINK at 20$. First generation big shitcoins like SHIB get started but are low-key until the 2021 run.
the old comms channels like btctalk fade in relevance and crypto twitter rises.
Uniswao blows up.

>2021 Bull
Layer1 ETH killer season. shitcoins all around. SHIB shows the world that shitcoins other than Doge can go giga-MC.
General IQ drops. Still some projects trying to address real idustrues.
p2p money narratuve is completely faded out except for BTC maxis who are commies with a complexity clusterfuck on lightning
regulation feels very close and the time-preference rises. The big vision is almost dead and everyone wants to secure the fiat gains. Corona showed the world that globally streamlined regulation is possible and likely.

>2022-2023 Bear
Actual regulation starts to get passed. No doxxed project can do marketing anymore without risking jail. Activity shifts completely to meme scams because only when anon you can focus on price and do marketing. IQ drops again. p2p cash vision is dead. BTCers larp about LN in their safe space. largecap multipliers are too low for plebs to make it from them.

CBDC and digital identity imminent. The VC and institution cope is to find investments that enable them.

I hope you made it already or are ready to invest in globohomo enabler projects, anon. You can try the memecoin casino and get rekt of course, or become a creator of memescams yourself.

[Anonymous No.54951892]

>>54948341
>whining and blaming about jews
also called rational behavior.

[Anonymous No.54951918]

>>54947578
Been here since '07 thought the same for a long time, /g/ proved me wrong on some aspects, I thought the board was dead and buried.
But then you have boards like /a/ that are so overrun with normies, shonen generals like Naruto which would get laughed out pre-2010 are now a regular sight.

Reality is there is no alternative to this site, I can't believe it's 2023 and I can't think of another place bar other chans I can say NIGGER or else.

[Anonymous No.54951936]

>>54951837
>>54951840
very nice summary, and i agree with your timeline of events. a rare effortpost. what do you think the future will bring, do you think crypto's original aims have been tainted beyond repair, or do you participate in investing in these globohomo coins without any allegiance to a certain ideology?

[Anonymous No.54952004]

>>54951936
>very nice summary, and i agree with your timeline of events. a rare effortpost. what do you think the future will bring, do you think crypto's original aims have been tainted beyond repair, or do you participate in investing in these globohomo coins without any allegiance to a certain ideology?

thanks anon I felt like effortposting today.
I think the future will bring KYC and full surveillance even for fully on-chain projects. there will still be opportunities though because the big boys need the private market for technical innovation.
If you look at pic related from the BIS (the "central bank of central banks"), they envision a world where there is an avenue for private banks to issue tokenized deposits and financial products on public blockchains. There will be investable projects in that sphere. All globohomo of course.
source is https://www.bis.org/publ/arpdf/ar2022e3.htm

To make that happen they first need digital identity.

[Anonymous No.54952038]

>>54948341
I hope we get a second link wave It was fascinating.

[Anonymous No.54952070]

>>54952004
while your breadth of knowledge seems in excess of mine, i would agree that we've been seeing crypto as a space go fully kyc or in the process of going fully kyc for quite a long time now. seemingly every major exchange has necessitated it for some time and i too agree that while it perhaps is antithetical to the original aims of cryptocurrencies, it is an inevitability. my main concern is being ahead of the curve with this swing, and although i agree that it is completely globohomo, what do you see developing as far as these cbdc's issuing tokenized deposits and financial products, how do you see them instituting digital identity in a uniform way?

[Anonymous No.54952144]

>>54952070
>how do you see them instituting digital identity in a uniform way?
They dont do this by telling the market how to do it on a technical lavel. They just make the regulation and the market has to figure out how to do it.
For example, under MiCA and FATF recommendation 16, VASPs (Virtual asset service providers), which includes all exchanges and all institutions and anybody who does anything in crypto for somebody else have to dox their users to each other when sending an asset. i.e, if you send from coinbase to binance, coinbase has to tell binance your info and binance has to tell coinbase your info (or whoever owns the account you are sending to).
because they are forced to come up with a solution before 2024, the exchanges came together and created the IVMS protocol which is an API standard to faciliate such messaging.

same will happen in DeFi, the devs will collectively have to come up with technical solutions to implement the regulation or the regulators start making examples of select devs until they do. They dont care whether a project is "decentralized and governed by a DAO". If thats the case theyll simply hunt down whoever deployed the contracts if they can.
Itll be slower there than with VASPs but its coming.

[Anonymous No.54952184]

>>54952144
it seems that your desired main point here is the evolving and totally encapsulating standard of digital identity being instituted across the sector at large. it seems a daunting task to find anything profitable to invest in once everything has been standardized, the "wild west" days of crypto if you will being conquered. do you see anything beyond extremely globohomo projects being worthy of investment anymore, do you believe that legacy cryptos i.e. btc, eth, etc, things whose aims are to be decentralized will die off/become little more than relics of an attempt to revolutionize currency?

[Anonymous No.54952187]

>>54939909
>oldfag from back in 2019
Please an hero, faggot.

[Anonymous No.54952196]

>>54940640
Finally some actual faggotry, the amount of lurkers in this thread needing to have browsed more, is making me feel old as fuck.

[Anonymous No.54952275]

>>54952184
Im not as pessimistic as the above posts may sound. Im still in the largecaps and think theres gains to be had.

ETH could be one of the chains where tokenized deposits and financial products gets launched, why not? Its totally possible to reflect all the compliance rules in smart contracts if the market comes up with a way of doing zkproof KYC.

BTC could actually end up succeeding, but without the freedom part, because its not a threat to the status quo and fiat or CBDC because at full adoption the fees are too high for plebs to use it.
They may actually make it something they throw into central bank balance sheets. But people wont be able to transact on it unless in centralized LN wallets. Thats a long shot but I dont think its impossible.

>do you see anything beyond extremely globohomo projects being worthy of investment anymore
In the transition phase when everyone realizes, there may be pumps in the projects actually trying to resist the hardest. like XMR. But on the long term theyll be tamed. Whoever has the guns always wins in the end.

In terms of altcoin opportunities, look at pic related from the same BIS report. They envision multiple CBDC networks coexisting. See the part in the middle? "mCBDC", thats whever enables the interop beween the CBDC networks themselves but also public chains. LINK is trying to bet on being the tech provider than does this with CCIP. QNT is trying to do it with Overledger. Maybe Layerzero as well? but I dont know much about them. But there are of course lots of other big corps working on this tech which dont have a token one can buy.

For on-chain digital identity there is several very small MC ones with tokens which are trying to make it happen using the DID/VC (https://www.w3.org/TR/vc-data-model/)) standard. But there too there are many non-crypto projects working on solutions. I think Digital identity will become a major narrative but token value accrual is an unsolved problem.

[Anonymous No.54952302]

>>54947526
Objectively wrong.
If you weren't here in 1996 by way of your mother's AOL account, you aren't a newfag.

[Anonymous No.54952332]

>>54939909
dead fucking board
t. 2016 faggot

[Anonymous No.54952337]

>>54952275
i have a few more questions if i may to tap into your wellspring, i'm learning a good amount here.

going back to the bis report they mention the lack of a stable nominal anchor, do you have any opinions regarding something like ampleforth in this sense? as to the further discussion of such globohomo tokens, i imagine that some of them will not make it of course, although you do believe that multiple cbdc networks can exist, does this extend to existing on multiple chains or do you think there will be a singular victor in this regard? take for instance two commonly talked about globohomo projects on here, hedera and dfinity, where do you see them fitting in, if anywhere?

[Anonymous No.54952347]

Sentiment is much better than 2018-2019 except for LINK marines who had a fantastic time. Main difference is that crypto is consolidated and not going away, and we have been flooded with pajeets and other scamming third worlders who probably got internet access in the last three years

[Anonymous No.54952502]

>>54952337
>something like ampleforth in this sense?
algo stables are banned in the EU under MiCa which actives in 2024 and its likely US will follow.

>does this extend to existing on multiple chains or do you think there will be a singular victor in this regard? take for instance two commonly talked about globohomo projects on here, hedera and dfinity, where do you see them fitting in, if anywhere?
If you are asking whether CBDCs will decide to issue their tokens on the networks of the likes of HBAR, the chances are close to 0. if you look at any CBDC pilot program in the west of the last few years they are always on R3 Corda and sometimes hyperledger but the winner is looking like R3. It will be permissioned PoA networks with nodes run by the central bank branches of the respective zone. Thats not to say there wont be bridges or cross issuance like tether does.
Chains like HBAR and Dfinity are mostly trying to be players on the green arrow in the pic from >>54952004 , and they may succeed in that.

[Anonymous No.54952505]

>>54952502
which means US CBDC network will be separate network from EU but both likely on r3 corda tech.

[Anonymous No.54952534]

>>54939909
Bsc ruined this board.

[Anonymous No.54952608]

>>54952502
may i ask, do you work in crypto day-to-day? you have a lot of conviction it seems to me from just going back and forth as to the future of it. i'd like to be so confident one day, any recommendations as to resources for learning/keeping up to date?

do you have any inclination as to what network cbdc's will issue their tokens on, or what is most likely? you mention a split in us and eu cbdc networks, i also imagine that there will be a difference as to what network each region will choose to issue their respective tokens on in that respect. given this it seems like the safest bet would be to bank on something useful no matter what the main network is chosen as, things as you mentioned such as LINK and QNT. i also recall API 3 being tossed around a few years ago as a potential candidate.

[Anonymous No.54952715]

>>54952608
>do you have any inclination as to what network cbdc's will issue their tokens on
They will host the networks themselves, and most likely the tech they use will be R3 Corda. Centralized Proof of Authority. It's public information you just have to read the pilots published by central banks.
It's critical infrastructure. They will obviously put it on rails they 100% control and not on any public network.

> you mention a split in us and eu cbdc networks
I meant every region which wants a CBDC will self-host their own network and control all the nodes. There could be stablecoins which are CBDC backed on public networks. This is what the BIS means by "tokenized deposits". think USDC on ETH but its CBDCdollar backed and issued by JPM and full KYC, usable in DeFi, but with full zkproof KYC.
It will likely be Wholesale CBDC first, which means its only used between banks.

>safest bet would be to bank on something useful no matter what the main network is chosen as, things as you mentioned such as LINK and QNT.
Yes and with bigger risk appetite digital identity smallcaps could be an option. Existing DeFi protocols which are fully preemptively jumping on compliance could also be a play.

[Anonymous No.54952764]

>>54946655
the possibilities is virtually limitless, cos it's opening up new potential for entertainment in automobile and could change the way we think about travel.

[Anonymous No.54952807]

>>54940640
this
t. summer 2007

[Anonymous No.54952836]

>>54952715
when you talk about these digital identity smallcaps, do you throw money at them equally and hope it sticks or do you have a process of elimination? just after a precursory glance at this sector of the space it seems extremely difficult to find a winner, hence the higher risk appetite i suppose. as for defi protocols i made some money on crv during 2021 but i haven't been following much news regarding compliance as of late, thats something i should pay more attention to.

[Anonymous No.54952880]

LMAO oldfag is not 2017 holy shit you didnt even come here before all the pol kiddies

You need to be like 2008 to be an oldfag. Just stop even saying the word

[Anonymous No.54952920]

>>54952836
My biggest DeFi bag is LINK and my biggest digital identity bag is CHEQ and KILT is legit too. They have relevant partners outside of crypto and are very involved in the non-crypto identity space. honestly though the identity projects with tokens out there right now have little chance of adoption in terms of their tokens and its mostly a narrative bet for the moment digital ID becomes a thing and gets more attention. When someone shills an identity coin as the one its BS imo. There is nothing like 2017/2018 LINK where the breadcrumbs were obvious it would become the #1 DeFi enabler.

if you look at things like EBSI which is a EU project and uses the same identity protcols it seems more likely the actual adopted DID/VC implementation in the end wont be something with a token but something from outside crypto. that's why I say higher risk.

Aave seems to do some interesting stuff exploring regulatory compliant onchain lending.

[Anonymous No.54952923]

>>54952880
biz didnt exist in 2008

[Anonymous No.54952950]

I have been on /biz/ since 2018

Those were good times. We had great threads about Chainlink with real discussions about breadcrumbs and the massive potential this project had. It was set to become the next Ethereum. Maybe it still is. It is still one of the only projects set out to build something that will change crypto in a fundamental way and make it more valuable.

Back then people actually cared about the potential of crypto as a technology and weren't fixated on making money. LINK was seen as a long-term hold. The price action since then has blurred this vision for a lot of people who feel stupid for not selling in 2021. Now people are strapped for cash and crypto sentiment is very low because they are desperate for money and don't care about its use for anything else.

Sadly, this sentiment has become the mainstream sentiment as well, and crypto is seen more as an investment than a technology. Finding ways to use the technology has taken a backseat to finding ways to scam people out of their money.

I hope with LINK launching more projects and crypto coming to fruition as a whole people will see the potential of the technology again and want to invest in it in good faith and actually maybe use it for something.

[Anonymous No.54952960]

>wpWPzst
>fTZvW14v
these two bots have triggered every one of my filters, wonder what bullshit they're shilling again

[Anonymous No.54953058]

>>54948341
thank you for your service, single poster.

[Anonymous No.54953856]

>>54952960
based filteranon

[Anonymous No.54953868]

>>54939909
ive been holding haircomb since 2019

[Anonymous No.54953885]

>>54939909
Crypto has never not been wall to wall jeet scams. I bought LINK in 2018.

[Anonymous No.54954068]

>>54939909
>late 2018 there were tons of posts calling for sub $1k BTC
Lots of doomposting and FUD, only LINK threads had any semblance of positivity in them. Although there was plenty of FUD there too with 'assblaster'
>early 2019
everyone was convinced bull was back on and scrambling to reposition. Fuck ton of LINK celebration threads as it broke out from the $0.20 resistance. Lots of other threads reviewing the half rotten scams of 2018 and debating which ones might pop off next. Litecoin outperformed for a short period and made people think we were headed for altseason. Boy was that a mistake.
>H2 2019
lots of swinging between "back to 3k" and "bull market confirmed" as we swung around the 6k-10k range. LINK marines at this point were exceptionally smug and spamming daily. The memes were very dank. Some honest debate occurred on what the future of crypto looked like, and the groundwork for the DeFi narrative was layed. Aave for example launched. Maker DAI continued to grow.
>H1 2020
the chart says almost everything. Except that after the rona crash, DeFi began to expand aggressively. The rona crash was a massive test for existing DeFi protocols, and since they survived, it really improved the perception that DeFi could actually function long term. That it actually was a long game. AAVE and uniswap saw massive growth. DeFi summer started and that long term vision, along with the massive amount of global liquidity freshly injected into financial markets, quickly degenerated into wild financial speculation. Scammers and opportunistic hopefuls were quick to jump on the gravy train and put their hat in the race to acquire first mover advantage.
>H2 2020
DeFi summer peaks out as YFI clones, uniswap clones and food tokens siphon the most frenzied market liquidity into the hands of a handful of adversarial players. "Rugpull" scams were originated, as well as yield farm dilutive scams, token lockup period scams. DeFi cools down until BTC cracks new ATH

[Anonymous No.54954131]

>>54954068
high quality post

[Anonymous No.54954149]

Ever since the peak of DeFi summer, with the origination of food tokens specifically (all copyclones riding on the coattails of the YAM clusterfuck), the rugpull standard was set. /biz/ was flooded with food token threads, most of which were rugpulls. Ever since the peak of DeFi summer, /biz/ has never recovered. Poor retards got scammed and either left or turned into bitter commies/poljaks. And the anons who made it, mostly leave for good, seeing as how the board is nothing but rugpull spam and, since sometime last year, demoralization threads. There's little to no alpha here, any information you get is second hand at best, and mostly its just third worlders spamming trying to grovel for westerner capital. Not to mention that jannies rapidly remove and ban any thread that tries to legitimately discuss new and promising *actual* projects. The state of /biz/ is beyond pathetic, it is truly disgusting. It's barely even worth shitposting anymore as the anons who enjoy it are long gone. Bait threads rise to the top of the catalog filled with seething incels. It didn't used to be like this...

[Anonymous No.54954201]

>>54953868
disgusting poojeet subhuman.

[Anonymous No.54954702]

>>54939909
It was much worse lmao. Too many dog meme, inu shits

[Anonymous No.54954711]

>>54940640
No stop, don't say that. I don't want to feel old

[Anonymous No.54954716]

>>54939909
It was dead but in general people were happy

Those were lulz filled trump years before the gayops of covid and trannies

[Anonymous No.54955038]

>>54954149
its funny how foodfarmrugs involved deploying LP farming contracts while current day memecoins are literally just a copy pasted erc20

[Anonymous No.54955048]

>>54940556
I signed up in 2010

[Anonymous No.54955671]

>>54952950
>I have been on /biz/ since 2018
I was only holding Ethereum, tezos and link
>>54953885
another oldfag here, i've been bag holding sylo since 2019, funny how the devs keep adding new features to its ecosystem and has been the driving force behind data protection and privacy.

[Anonymous No.54955772]

>>54939909
2019 was worse, the shit shilling was shameless and onchain privacy was not a topic up for discussion hence a lot of wallet hacks.

[Anonymous No.54956996]

>>54954149
unfortunately all true, but since there is no real alternative to this place here we are
this place is still good as a news aggregator and one for links to better places
at the end of the day the very foundation of fortune being identityless is its undoing, you need identity to prevent both the jeet scammer and the demoralizer
thats why twitter is picking up so well, you can go back into post history and see the idiots pretty quickly, demoralization is also very low there
there is also discord/telegram but they are all private now and if you didnt get in during 2020 its too late now

>>54951840
>2021 Layer1 ETH killer season
nah that was the fake narrative, 2021 is best summarized as the attempted vc take over
vcs with very big money bags bought out protocols and pumped them into the stratosphere so they could control the flow of data and frontrun everyone attempting to trade
fortunately the vcs are tech retarded and sol was one of their picks, which failed spectularly as a chain and all the scams blow up taking a lot of money with it
in the end i still consider it the triumph of defi as all the aave protocols were either paid down or liquidated while the scam cefi all went to zero, sorry your money is gone

not really sure if i share your blackpill about regulations, if anything the power of the usa to tell the entire world to do things their way is vastly diminished since the several debacles of the past years (cant name to trigger the bots)
not saying there will not be regs, but there are plenty of places left that support decent industry growing laws rather than gary lets kill everything with my overreach
coinbase the very bestest of goys planning to offshore really tells the whole story doesnt it

[Anonymous No.54957078]

>>54955671
>another shill

[Anonymous No.54957408]

There was a much more sincere-seeming quality to everyone being batshit obsessed with shilling their alt of choice but there was generally more people who actually debated coins with each other. The board was almost absolutely nothing but crypto talk for a while.

Everyone was more alive in 2019. Covid knocked the shit out of of everyone.
>remember in 2011-12 when /pol/ hated Bitcoin and said it was a scam
>FUD'd myself out of the biggest returns of my life.
It's not only what I deserve, but I also know I would've caved and sold far before I was brining home $1mil+ returns.

I've been here since 2006. I've seen memes you wouldn't believe.

[Anonymous No.54957551]

>>54957408
summer cancer reporting in
what I'd give to have old 4chan back