/biz/ - Business & Finance

hot

Maybe stop the meth

>>19843233
You guys are literally fucking sheep

>>19843233
Decentralized MY ASS

>>19843289
What worries me the most is the timing. This obviously manufactured bs with US economy, Covid, protests, Epstein, Trump etc was to distract from the fact that the house of cards was falling. Idiots fells for it and why did I expect any different.

BUT WHY DID YOU FUCK UP CRYPTO IN THE PROCESS??

>>19843283
It’s pathetic your IQ is so low that when somebody is dropping the biggest bomb in crypto history and spoon feeding your dumbass, that you are not even concerned with what’s actually important.

At least never breed because the avg dna is already bad enough. Pls

>>19843233
Will you stop with the rambling and make a coherent point already

Ive got Jewish politics to pay attention to, help me understand OP

>goybase
>using goybase
>worrying about goybase
ngmi

>>19843356
i feel you man the point of crypto is to not have centralized faggots at the top. wait till my linky gains come through i already have a couple idea but dont have the capital to do anything at the moment

>>19843233
why don't you just buy and make some money like everyone else and quit whining?

>>19843675
he's probably priced out already since week 1 and can't afford to drop more than 1 eth into the pajeet scamcoin of the day, kek

>>19843675
>>19843685
do you retards not get how this is just finance 1.0 all over again? it defeats the purpose of crypto

>>19843712
This is just how compound works, it's up to people if they want to use it vs. other solutions like AAVE

Why's KSM slowly dying, Banks?

>>19843233
I sold yesterday and moved my $$$ into Teller anyways, so far so good, one of my best long term holds

>>19843923
Tellor* (TRB)

>>19843585
>>19843632
>>19843654

Crypto was the answer to the 2008 housing blowup and what led to that. Even more so, you should never have lending platforms without assets 1:1 backed. In defi, that’s literally the stupidest fucking thing I have ever seen. Coinbase invests in Compound right after the 2017 crash. This is not like other defi protocols.

What’s funniest and really makes me lose hope is how they are using uniswap to charge interest rates on assets they don’t even protect....With a protocol they didn’t even make...
and people like these fags are killing crypto for all of us >>19843641
>>19843675
>>19843685

>>19844044
How is this killing crypto exactly?

>>19843712
Unfortunately, even if they do understand, their selfish desires will ultimately be the driving force that overpowers good people. They think they are high IQ and believe I am upset because “I missed the train” but in reality I’m not stupid enough to shit where I eat and sleep like those idiots.

Why the fuck would I support Coinbase becoming the new Federal Reserve for all of crypto? Until I explicitly spoon feed them implications of this, they will never understand. This is literally the worst thing that could happen to crypto, at a time when we need it more than ever. All they care about is a 3x gains. Only one missing out is you >>19843675
>>19843685

>>19843233
>>19843286

Man wtf. This is some backhand piss in your face and tell you it's raining bullshit right here.

>>19844044
>Crypto was the answer to the 2008 housing blowup and what led to that.
you are retarded if you don't think bitcoin was created by glowniggers, ((they)) offered the solution so crypto could be adopted so ((they)) could move to a cashless society.

What the fuck is Compound? What?

>>19843233
it goes

>>19844093
Allowing Coinbase to early stage invest into a fractional reserve protocol is the most ridiculous thing I have ever seen. I don’t even know how this is legal. It’s so fucked. It’s like JP Morgan and friends when they started the US federal reserve all over again. Except now it’s worldwide and infiltrating crypto.

People could not even figure out the US government has been inflating the world currencies ever since we left the gold standard. That’s why many starting floating but a lot remained fixed with ours. Those trillions we printed... we aren’t paying that back and if our debtors come to collect, then will remind them why we don’t have the money. We spent it all on military defense

>>19844044
>muh crypto
it's all a speculation bubble to make money, "DeFi" backed by coinbase? normies will fucking flock in like no tomorrow

what you don't get it's not /biz/ lunch money kiddos playing here, one day it's gonna explode like everything else but it would be stupid to miss out on these gains

>>19844153
“ Nakamoto worked as a systems engineer on classified defense projects and computer engineer for technology and financial information services companies. Nakamoto was laid off twice in the early 1990s and turned libertarian, according to his daughter, and encouraged her to start her own business "not under the government's thumb."

Realistically though, I believe bitcoin was good intentioned. Blockstream hijacked that years back. It didn’t matter because trust was there beyond the protocol. It was human. Doesn’t matter anymore now. This exposes crypto so bad it is actually embarrassing

TLDR
This faggot is trying to shill BSV, sage.

if only retards could see through OPs madness. it’s what separates the poor from the rich

>>19844271
“Facts do not cease to exist because they are ignored.”
- Aldous Huxley

You faggots need to buy in right now. You are NOT priced out and this shit has plenty more pumps left in it.

>>19844514
"Don't give a shit, this is making me money and you're stuck crying about muh crypto"
- Anon

>>19844542
based

>>19844542
>>19844520
“Confidence is ignorance. If you're feeling cocky, it's because there's something you don't know.“ - Eoin Colfer

>>19844514
you're retarded. no one here believes in crypto tech. it's all centralized under the guise of decentralization. look at monero the most decentralized coin, still fucking centralized cause a handful of mining pools control it

>>19844569
we're here to get rich we dont give a shit about if it works or not. gold and silver are the only things with actual value aside from other physical assets. crypto was created by the intelligence agencies as the next ponzi once USD collapses

>>19844569
I'm fine with not knowing. I got in at 100$. Gonna sell before coinbase listing tomorrow, and I seriously expect to hit 400$ minumum by tonight. 50 ETH in, 150 out, ride what's rest of it to 0 or to 10k.

Meanwhile you'll be stuck here posting quotes. you do you.

>>19844591
You should care if it works because those synthetic assets are not meant to be put on a fractional reserve system. That’s the ultimate bag. Holy Grail of bagholding.

Not all cryptos are centralized. The Godfather of crypto is about to revive us right on time. So it is okay. Enjoy your ponzis

i felt stupid for missing COMP pump but now I feel morally superior, thanks OP

>>19843712
bro its one fucking coin. jesus your over reacting

>>19843923
TELLOR TRIBE!

>>19844649
> CEO Robert Leshner says that eventually he wants to carry tokenized versions of real-world assets like the dollar, yen, euro or Google stock. That’s because Leshner tells me “My thesis is that almost every crypto asset is bullshit and not worth anything.”

The CEO is literally a retarded guinea pig for coinbase and other VCs and he thinks he is a genius. Abusing consensus to hijack a protocol that already can be abused with consensus.

This layer stack is a Trojan horse for crypto. Coinbase and ETH are damaged goods forever now

>>19843286

Any liquidity issues can be solved through Orion Protocol and it's running Oracles too.

>>19844996
“But before that Leshner got into the banking and wealth management business, becoming a certified public accountant. A true economics nerd, he’s the chair of the SF bond oversight committee, and got into crypto five years ago.“

“Economics nerd” but literally only understands broken economics to the point that he is managing to break defi and real economics. He’s an idiot and is literally 40 years behind the curve..

I can’t tell if this is a meme or not either. Look at this guy hahahaha

>>19845552
Yeah no. This guy does not even have a fundamental understanding of crypto and why it has value. Which granted him the ability to abuse open sourced protocols that are trying to solve the exact issue he is causing. It’s so retarded that it literally hurts my brain. The amount of mental gymnastics put into this is amazing.

Bitcoin spawned right after the housing bubble caused by CDOs, so it’s only suiting this fool is effectively creating junk bonds for crypto while calling himself an economics nerd. At least they had an excuse of not knowing better. This guy is just full retard

>>19845552
This is simply not true for many reasons. Interest does not solve double spending and this also opens a door for 51% attack later if COMP does blow up.

>>19845552
By 51% attack, I mean on an industry scale if COMP follows a similar path as junk bonds did before the implosion. A system like COMP would only work in crypto if it started grass roots, not with seed funding and majority control by VCs that give you fools worthless shit while they play around with advanced algos on your dime and legally have nothing to worry about. This shit can crash crypto and Coinbase is not going to bail you out. They’ll bail themselves out and leave you with the bag. Enjoy anybody who buys COMP is brainlet and deserves to be poor.

>>19844044
Short compound next crash?

>>19845630
who is this? i know that guy. i used to serve him at my old job
>yay area

>>19844251
That trillions we printed was borrowed from the federal reserve and it will be paid back at the hands and on the backs of wagies. Taxes. The federal reserve wouldn't lend that kind of money unless they knew it would be paid back. But there also could be something going on with this as well.. as soon as talk of the dollar imminently crashing, this is released, like to the day. Im excited to see where it goes. A new Era in currency. And we're involved in the beginnings.

>>19846222
This shit is based in so much big money.. its not going anywhere. Its been in the works for 2 years before being launched. Everyday people have worked on this project and the fact coinbase was an early investor speaks nothing but money. Like it or not but COMP is here to stay for a while. Those interest gains will keep the whales gobbling up no matter how much you hate it. Im all in riding after watching someone buy 100 comps at last night's price.. you dont have that kind of money and not have brains

>>19846275
Where’s your old job? Did he look alpha in person because he looks like a shrimp bitch there? That’s the CEO though

Explain this to a brainlet

>>19844044
its the free market and any person is capable of using these platforms or not. Why is it killing crypto? If you have a problem with it just don't use it.

>>19843233
I just looked compound up for the first time, never realized it before because I life under a really big rock. how the fuck did it jump right away in the top20s? is this all fucked or should I fomo after you degenerates? I dont want to miss out on the next big thing my fellow frens

>>19846927
Well I would assume you should always be wary of something that shoots up like this out of nowhere

>>19843286
If I had a whale wallet I could scam every bagholder whether they liked it or not. Good catch.

It's a fucking p2p ponzi scheme haha. They just came up with fancy names for the actors and what is going on. I am laughing at anyone who things this is good for more than a dip in and out.

It's like a perpetual exit scam. Just look at the liquidity incentive part.

>>19843233
what?

>>19846502
> Im all in riding after watching someone buy 100 comps at last night's price.. you dont have that kind of money and not have brains

$50k for 100 worthless erc20 tokens. I don’t know what’s funnier, that or the fact that you think it is a lot of $$. The whole situation is just hilarious and such a meme

watching brainlets discover projects only once they have a scamtoken tied to them is endlessly amusing
first we had the STAKE tard who insisted xdai (an ethereum sidechain for dai) was going to replace makerdao (the project providing dai)
now here's a schizo who thinks the way compound works is "the biggest bomb in crypto"
bruh... not only this is black on white in their documentation, liquidity squeeze already happened when we moved from compound v1 to v2
not that a shitcoin tard would know that as the closest you fags get to defi is uniswap (lol)

>>19847070
50k is a lot for a uniswap trade

compound (and aave) still pumping. When will it stop?

Is this a real 900m marketcap or is this price just a result of shit liquidity on the dex's it's trading on?

People are yolo "folding" their collateral in compound. Borrowed assets are not effectively backed at 150% as they claim because of this. This thing is gonna crash hard and lenders will end up taking the loss. Just hoping it doesn't bring down the entire system with it.

>>19847252
The lending takes a lot out of supply, like staking pools do. I'm guessing most people are buying into this to get money into the lending pool.

>>19847415

What do you mean folding?

>>19844855
Wait so this is about turning a set of deflationary assets into inflationary ones, basically fiat-izing them?

Seems like it has stopped pumping ever since I bought the top.This always happens.

>>19847518
Just hold it hasn't even been a week.

>>19847555
It's gonna dump tomorrow.

>>19847491
Meaning people borrow token against collateral, swap the borrowed coins for other tokens, put it back as collateral, borrow more money, repeat 4x.

>>19847415
>This thing is gonna crash hard and lenders will end up taking the loss.
Lol. People have been saying this will crash since it was @ $100.

>>19847103
Alright brainlet. Tell me how does the interest rate protocol work? What incentives you to lock up your assets and what incentives the borrower? Where is the value derived from in this “protocol”?

This is my favorite.. what were the token sale metrics to all the VCs and how much are you paying for an erc20 token that does absolutely nothing except being a toxic asset. of $300+ per 1 erc20 token ....... You are lost,please explain the “protocol.” Either you haven’t read it or don’t understand it. Either way you are a fool for not seeing how bad this is

>>19843923
>>19843938
Get better shills, tellor. This one can't even spell the thing he's shilling.

>>19847619
You can see when economics and governance are mixing irresponsibly and foreshadow a long time before it actually crashes. Big pumps lead to sustained false confidence. The protocol is fundamentally toxic for crypto. Coinbase is not the best but this is truly disappointing by them and Polychain. Embarrassing quite frankly

>>19847781
Wont it take forever until it crashes? Might as well get in on the money printer? Since this is going to be listed on Coinbase, no way this crashes now.

>>19844591
Old fags do you nufag scum. If your not in this for the long haul then you deserve what you get. It’s not just my green candles. This is realistically I fight to keep jews out of money using defi/smart contracts.

>>19847846

Enjoy your jewish lego money dude.

>>19843286
it's ok fren, just don't use Compound

You can deposit all your assets in the Aave smart contracts, to earn interest on loans at similar rates to compound if you use stablecoins like DAI, or as collateral for your own loans. And you can be certain your assets are still there. Who the fuck even needs compound then? We won't need brokers or anything anymore.

People will choose Aave over compound when they realize their funds might be getting swindled there.

Also Centralized Exchanges like Coinbase will be replace by Dexes like Bancor and Asgardex when they solve impermanent loss.

Don't worry fren WE ARE ON TRACK.

>>19847946
I’m not invested in comp you retard

>>19847964
What about fiat onramps? Will dexes provide a solution for that?

>>19845630
(((Leshner)))

>>19844169
A coin that organically appeared on top 50 coins on CMC randomly a few days ago. ORGANIC.

What should I buy instead of compound then? You seem really knowledgeable about crypto, and I would appreciate if you could share us whats in your portfolio! Cheers!

>>19843233

Somehow even more organic than EOS.

>>19846927
Its been big. The token just got released though. Its been one of the top dapps for a long time.

>>19849835
yeah this (((compound))) seems fishy af.
never heard of it til now.
there seems to be paid shills infiltrating this thread.
thats a common sign that somethings going on.

>>19846442
You can't even pay off the interest on the debt(let alone the debt itself) with the total tax revenue of the United States. It's over, hyperinflation is the next destination, even if it takes ten years of resistance to get there.

>>19847946
You’re an idiot that actually believes an erc20 token is worth $300 with no real function value. Amazing

>>19846442
Debt will be paid back huh?>>19852664
check this out ahahahaha

>>19853136
Pay it back

>>19846442
I mean we HAVE to pay it back right?

>>19846442
I mean think about if we did not pay it back. That would be incredibly bold. Use our currency as a world reserve but then remove gold standard and keep inflating... sounds pretty fucked up. Maybe somebody will start a war..

>>19853180
One day I guess right? Hahahahaha....

>>19853222
Wait until he finds out how this works. How are these people this dumb. Why even try to help these retards? They are being literal Jews and we all know how that worked out when Hitler found out the Jews were doing this exact shit

>>19846442
How exactly do you think this works?
131% federal debt to GDP ratio. Even a 10 y/o with basic literacy can see how moronic this is. You deserve the bag of interest backed shitcoins. We have officially come full circle. Jesus

>>19847817

Yeah help increase the rate of inflation exponentially, while the $USD and Fed proved how stupid it is many times. How are some people this low IQ?

>>19851282
I’ll give you a hint. The guy who created the first ever digital cash in 1980 is currently holding a private, invite only token sale for his quantum resistant, 100k tx/s, fully encrypted ecosystem with a valuation that is 10x less than this dumb fucking pointless COMP erc20 token. It doesn’t matter, you can’t get invited anyways. I can’t even invite all of my own friends. They’ve even excluded previous investors that want to buy more. Enjoy your cuckbase/interest backed junk bond market that will ultimately crash everything it touches. Most toxic asset crypto has ever seen. Worse than Bitconnect because COMP is too complex for low IQ to see through the bs..

You truly can not make this shit up. Stranger than fiction

>>19853980
Interesting, what makes you think this elixxir coin will gain traction? And why are they excluding us residents from participating? Sounds like another ICO, why not just do what satoshi did and let this out for the world to use?

>>19854327
Satoshi created a half ass broken network because it was done for free. If you want a quantum resistant, fully encrypted network, then you need to understand how much time/funds go into building that.

He has essentially been working on this since 1980 and after 40 years, it is ready. So yeah I agree, ICOs are bs to an extent but consensus does not work with PoW or and pos in current forms is not great.

They aren’t excluding US. The SEC wants you to keep your money tied up in their house of cards. DYOR. You need a vpn to access all the material and some of it is only accessible through email

>>19854522
Sounds interesting I'm not gonna lie. Will they have a sale available to non node holders or those affiliated to them? It seems rather centralized and what is to say people won't load up and dump? How does that make them any better than binance scams? I'm not speaking ill, just want your honest opinion.

>>19843233
Sorry I can't hear you over my sick Verasity gains, and to think it hasn't even begun. Gaming = bubble. + DEFI. Stop worrying.

>>19854577
They might have a private sale after this for previous investors. Maybe public after that, but doubtful. Right now is basically the only chance. It’s not centralized. Just legal hurdles since it is not main net still. It is better than binance bs because most of those are erc20s that do nothing. This is a layer 1 p2p, end to end fully encrypted ecosystem built by David Chaum with quantum resistant tech and much more. It’s not elixxir coin either btw. It is xx network and elixxir/praxxis are built on top. It’s impossible to dump because the demand for it.

You really think god tier tech sends out marketing shills to 4chan and media to convince a bunch of NEETs and fags? COMP is an erc20 shitcoin created by a retard that doesn’t understand basics of crypto valued at $3B diluted solely because coinbase.

xx network is 10x less market cap diluted, layer 1 god tier tech created by an actual crypto God. It’s unironically the new Bitcoin and most of you have never heard of it and never would have until $1B+ market cap when it’s public

>>19843233
We know dude.
You think you're the only one that spotted that?
No fucking shit

>>19854784
Looks like none of us could have gotten in anyways so why does it matter? At least with early bitcoin and even ethereum anyone could have mined. I'll keep an eye on it.

Everyone here will gladly suck CZ and Brian Armstrongs jew dick for a few shekels. Pathetic

>>19854784
bla bla bla you're investing in the next big thing - is it fungible or not ?

>>19844044
I've seen this writing on the wall for almost 2 years. That's why I shill XSN on here. Non KYC perma DEX with fiat on ramps of the same nature very possible
All the "big players" have been attempting to steal its ideas for a long time and its gotten 10x worse since Defi became the new buzzword

>>19854784
Post an arxiv link to the paper then if it's such god tier tech

>>19847642
>make fun of tards for being aware of a project only once a scamtoken is added
>tard replies asking how much you paid for token
are you literally illiterate?
also, are you seriously asking about incentives on a protocol that has been live for 2 years and paid out interest in a decentralized manner the whole time?
utter brainlet, you better be brown otherwise you're a disgrace to your kind
i'll spoonfeed your retard ass because at this point all i feel is pity: borrowers are daytraders shorting/longing elsewhere and earning a greater % than they pay out to lenders
COMP is useless and you're a moron for thinking i bought any. i dumped my earned tokens on the pajeets here

>>19848898
Can be easily solved with decentralised oracles

>>19854784
>>19854522
COMP is dabbing on your project you can't even name because it doesn't exist, poorfag. Imagine, imagine being this salty because you missed out. You realize that your posts and pathetic attempts at FUD won't be able to kill the traction the token now has, right ? Big money is involved. The token is valuable because interest rates and debt ARE NEEDED for any economy who needs to grow no matter what you fucking commie

>>19854893
2 months ago I said I was coming with breadcrumbs. People who were in the collective intelligence were able to get in because I invited them.

Literally everybody on 4chan had a chance but you are too busy chasing shitcoins that you don’t even understand. It’s hilarious. I can still “get you in” but retards won’t like tithes. Crypto is god protocols but you won’t even submit to tithes. You’re idiots and have no idea how close you have been the entire time and still are. Submit fags.

xx is the last opportunity

>>19854784
ok schizo

>>19855068
Yeah I know but then they wonder why the Jews start fucking them in the ass. Bending the knee = unknowingly sucking dick until you get assfucked by the person who’s dick you suck.

I think they like it

>>19855379
Is it fungible or not?

Dude it’s David chaum just stop asking questions because you won’t understand the answers.
You follow cuckbase but not the originator of crypto.... You probably thought Satoshi created the first crypto with Bitcoin. You are decades behind the curve newfag.

Fungibility ahahahaha

>>19855672
This literally makes zero sense.

> are you seriously asking about incentives on a protocol that has been love for 2 years and paid out interest in a decentralized manner the whole time?

The irony is real. You are trying to insult intelligence but do not even have a basic understanding of crypto. Decentralized is not accomplished top down through seed investments for fractional reserve lending

You’re literally the dumbest person on this post. Congrats. People like you are a joke for thinking you understand pressing issues, but expose your low IQ in your perspectives and do not even realize the gap because your intelligence lacks the capacity to see the bigger picture.

Literal NEET

>>19856339
Stop with the secrecy already. What is it? I promise I won't tell.

lol i'm too poor to even tithe

>>19856890
>falling for the mystery shill trap

>>19856984
It’s not a mystery. I said the name of the network/coin and associated projects multiple times in this thread. Go buy some more LINK and COMP without understanding how any of this works fag. Everything is crypto is based of The God Protocols which Szabo wrote. Szabo was largely influenced by Chaum and they had a bigger impact on the crypto than anybody.

Normies will argue Satoshi, Vitalik and Sergey pioneered crypto but don’t realize that decades of prior work by Chaum/Szabo went into their theories. Timing is what separated them. Not IQ. Now Chaum is about to flex his IQ with proper timing. Bend the knee

>>19844044
>killing crypto
There are and continue to be only 21 million bitcoins, as long as you buy bitcoins youre fine. I dont see the issue. It's like saying that precious metals are ruined as an investment because some scammer is selling idiots fake unobtanium.

Gold and silver marines report to this thread. Peter schiff too

>>19857800
Gold is money and savings it isn’t an investment you fucking nigger

>>19857800
Ah yes Bitcoin, the magic internet money that derived its value from being feeless, instant and immutable, which now takes days to send $17, costs $6 in fees and has become centralized to expensive asic hardware. Which is abused in huge cloud mining pools that operate in low cost energy shitholes by corrupt governments.

Value perspective, yeah Bitcoin will go up forever barring any extreme situations (51% attack, quantum hacks)
But it’s still completely wasteful in every regard just like compound. It’s like that math they teach kids in the US now. Inefficient processes for oppressive manipulation designed with complexities that the average sheep can’t comprehend due to being slowed down by this

>>19858426
Cringe. $500 USD EOD and BTC will moon again. You will cope and you will seethe

>>19843233
literally admitting they're dumping bags as a business strategy. fucking hell.

>>19858426
send me xx coin invite so i can help save the world

>>19844327
this. i've been trying to tell the newfags for years. crypto's purpose of being ones own bank has been distorted by VC money and cockstream. fortunately, there is one actual cryptoCURRENCY still doing God's work.

>>19858477
What are you talking about? $500 BTC?
It is funny that you believe I “will cope and will seethe”. Over Bitcoin or Compound? Either way xx network will be more comfy hold.
Private network in betanet with better tech than any crypto founded by Chaum, the most influential person in crypto of all time.
Imagine being so retarded that you justify buying shitcoins without understanding crypto and thinking I will cope when I’m in xx private sales. You wouldn’t have crypto without chaum, idiot. Being this stupid must be hard. Sorry

a billion dollar scam

>>19858582
Thanks for all your input friend. I don't chase shitcoins, it's obvious most are money grabbing scams. I appreciate you bringing forth the information for that project, I'm assuming they plan on opening sales to the general public again at some point.

>>19843286
>>19844127
>>19847001
>>19847964
What the fuck are you guys talking about??

"Liquidity" means money available to borrowers, not user's access to their own funds.

It would be worrying if the protocol COULD guarantee liquidity - because that would be fractional reserve lending

COMP is 100x overvalued, for sure, but it's no scam