/biz/ - Business & Finance

>>22479768
Haha me too then I was investor in a few big defi names. Here to steal OP's thunder, AMA.
First question for OP, what are you holding right now?

Do you checked out Quant yet ?

>>22479768
best things for newfags to learn?

>>22479768
Explain your reasoning behind taking the plunge. Also, if you were to invest in crypto today, what would you invest in?

how did you know that eth would pump?
it could have been like many other shitcoins that dumped back to a couple of cents
it also already was at 1.17 billion market cap and had a potentially unlimited supply

>>22479768
>>22479804
OP hasn't said anything for 20 minutes so let me answer some

>>22479849
Analyzing cashflow. When tokens get printed and sold that is an outflow. When tokens get collected and burned that is an inflow. Convert to $ and you have a P/E. If someone is getting compensated with rewards/interest/dividends, where is it coming from?
These systems follow standard net present value valuations, except the ones used as money (BTC and ETH), which get a large multiplier that is harder to value intrinsically.

>>22479979
My reasoning was simple, the EVM would allow all the different experimental apps being built on different chains, to all be on one chain and interact with each other atomically. I'll say more about what I'm holding if there's enough interest.

>>22480129
>it could have been like many other shitcoins that dumped back to a couple of cents
Not really, you could tell from the blog and github that these were brilliant people and they were solving the problem of a general-purpose programmable blockchain. They had something like 9 proof of concept networks, each getting better than the last.
>had a potentially unlimited supply
Frankly this is just stupid FUD. We knew worst-case growth rates and you can just work those into your valuation models. Regarding market cap, I actually bought before release and so I had sold 25% by the time it was price in OP's pic. I knew it had more room to go because I knew the dev roadmap which included POS and eventually decreasing supply.

>>22480237
How much link do you hold and when did you buy?

>>22479768
How much NYAN do you hold?

>>22480237
I just want to know if you hold STA and if you think its a good idea ?

>>22480314
I do not hold LINK currently. I bought at around $4 in may/june and sold at average price of $12 into the recent run to $20. I will not be buying back in unless I see similar conditions for a quick flip, which honestly I don't expect, but would love to be wrong.
>>22480403
>>22480408
I would not hold these

>>22480479
Have you looked into it at all or can you tell from the biz posts its a shitcoin ?

>>22480479
Case against NYAN?

>>22479768
why cant eth scale? its been years and its fucked up the progress of many projects like chainlink

>>22480677
All things considered it's one of the least shittiest shitcoins given that it's just a basket of other coins. I would just put my stuff directly in the underlying balancer pool they use instead of using their coin which just collects fees on transfers.

>>22480479
>i got in late and sold early
>ama
fuck outta here nigger

>>22480677
Checked
I’m not that anon but I’ve got a 6 figure link stack and have no interest in shilling or fudding anything, 100% it’s a shitcoin. Even without any technical knowledge the stolen memes are a dead giveaway.

>>22480811
Checked
If he’s already a richfag from eth he’s just making smart plays and managing his risk. I’d be swinging my stack if it was play money.

>>22480733
I don't have a strong case other than I can't vet them. I would compare this to YFI which I bought up from 20k to 25k, where I used market feedback to determine cronje's team was legit.
>>22480742
The short answer is that it's because transactions can touch any part of the global state, so it is inherently sequential. I do NOT think sharding will help the problem. (It might make it 100x better, but then you will hit the same absolute wall where you simply can't go faster).
>>22480811
>>22480859
I spiritually identify with the 'so happy for you kids' posters

>>22480777
It's actually shitter than that. The token itself is not the fund but rather balances alongside the pool.

What do you currently hold? Why aren't you holding Chainlink? Thoughts on RSR? YFI? Holding ETH?

>>22480969
>What do you currently hold?
ETH, BSV, and defi coins in uniswap/balancer pools.
>Why aren't you holding Chainlink?
I see too many ways they can be sidestepped and out-competed. I acknowledge that this was my reasoning before and I was wrong, but I still think I'm right when we analyze the present situation / try to predict the future.
>Thoughts on RSR?
This model is called seignorage shares and all the other stablecoin projects (dai, synthetix) avoided it because it is considered the least secure and most centralized. I would consider holding RSR but would prefer to fund a competitor.
>YFI?
YFI is crypto's interim golden boy where we show some defi retards can still outperform your elite hedge fund managers year over year
>Holding ETH?
Yes, ETH2 will work, just not as well as ETH maxis hope. Studying L2's and other blockchains carefully.

>>22480479
>not holding link
Opinion and past accomplishments discarded

>>22479849
Take profits periodically because the bubble will burst again and it's hard to time the top.

>>22481325
Your replies show you're much smarter than the average /biz/ poster.

I disagree with LINK it is too well-respected in the DeFI community, first mover advantage, Ari, etc..

The only part I am astounded by is BSV. What is the rationale behind holding that?

>>22481477
BSV is the best kept secret in crypto. The fact is that bitcoin was designed for big blocks and to be scalable. UTXO is highly parallel. The BSV core devs understand how to scale bitcoin. It's not what most BTC holders want, but most BTC holders are wrong about big/small blocks, the role of full nodes vs miners, things like this. BCH core devs think they know how to make bitcoin scale but they don't. They were the ones that actually forced a fork.

Lots of misinformation but BSV is just the original bitcoin protocol and it will be able to handle a viral growth app like cryptokitties. I don't think people understand bitcoin is supposed to be gigabyte blocks and 100k tps. BTC L1 ("bitcoin script") is also more stateful than ETH or even BTC devs realize. BCH devs kind of get it but their platform is a disaster now.

>>22479804
Most underrated defi project? Been looking at mln

>>22481880
Maybe BAL or REN, both have the capability to collect a lot more fees than they do now. I think the next 1000x will be a value-driven L2, I know linkies think it will be arbitrum and drive the revenue to link, but I'm not so sure

>>22480811
>>22481330
o no newfag ngmi neets loathe the actual crypto millionaires how will they ever recover

>>22481697 I will have to re-evaluate my stance on BSV. What would be the fate of regular BTC in the event that BSV becomes widely adopted...would it retain its apparent store of value status?

Also, I am about to leave. Do you have a telegram or discord you feel comfortable sharing in case I have a question down the road that would best be answered by your wealth of knowledge? (Maybe like once or twice a year for conceptual/theoretical stuff not “what is going to moon?”...I know it can get annoying being asked less challenging questions all the time by the less knowledgeable)

>>22482024
is it FSW? Share your 1000x with biz frens.

>>22481325
Where do you research and find a list of L2 solutions?

>>22482419
>What would be the fate of regular BTC in the event that BSV becomes widely adopted
Idk, it can't be good

>I dont hold link
>I hold BSV


Lmao get the fuck out of here fag

>>22482650
I don't know what it will be, I'm looking for it
>>22482676
I just listen to chatter in various crypto channels including /biz/

Interesting replies, now I gotta ask for your thoughts on PNK
Also the schitzo stack ala XRP, XLM and ALGO, though mainly xrp

>>22482863
>gotta ask for your thoughts on PNK
I bought low and have covered my entry, now I will drip sell into perpetuity. It is absolutely critical that they find an L2 to work on, or even make their own, somehow capitalizing on their arbitration system.
> Also the schitzo stack ala XRP, XLM and ALGO, though mainly xrp
Well David Schwartz is a greasy kike so you can be sure any gains you're allowed to have are part of a lure to extract dollars from schizos. XLM is probably controlled opposition but I don't really know. I don't know enough about ALGO to make a judgement yet, I think I'll have a look now that I learned coinbase chose it for USDC. Could just be nepotism or could be because it's actually good.

>>22483028
In your opinion what are the most promising L2 solutions out there?

>>22483028
lmao I will now take your previous posts more seriously

>>22482830
Who do you think will win the reddit bake off.
I think it could be the combined proposal with matis and sys or omg because of vitalik. Maybe xdai because the insider pump till now.

>>22479768
What do you think about monero?

>>22481697
anyone who sincerely trusts this poster is an idiot.

>>22483649
I don't know, I have a slight feeling they're all a little too amateur to actually get it done and it will be a bit of a shitshow. But, forward progress.
>>22483822
As far as I can tell it is the only crypto that the feds still can't really track. By feds I mean IRS and fincen, NSA can probably track anything.

So you're saying YFI is a good purchase still in the interim, so what about things like BASED? Also I don't know how to discuss this privately but, NFTs, rari can't be the solution because smart money should know how RE buying etc. works so what's the play?

>>22483852
Eventually the muh faketoshi narrative just fades into irrelevance as people start actually using microtransactions for new forms of commerce.

>>22484141
I am not touching any rebase coin, I got in and out of YAM with a nice return and consider myself lucky/dumb for that.
NFT's for novelty off-chain "ownership" is not a real use case except for money laundering. The only good use case I've seen so far is options, which YFI is capitalizing on. There will be more uses but a NFT marketplace is not a hard problem and it won't make anyone a lot of money

What should i be holding

>>22483028
Interesting insights, I'm pretty confident the iso 20022 suite of companies will firmly establish themselves in their given area's with time, xrp is my iron grip long term hold

>>22481325
>he has never read the whitepaper and thinks rsr is best described as a centralized seignorage shares model
Ngmi and opinions discarded.

>>22484720
It's equivalent, and in any case the problem isn't the model, the problem is the team

>>22484318
Rebased coins are pretty much Ponzi style things right? How is YFI capitalizing on options exactly?
On the NFT thing, I said as much about rari, I'm talking about what's the real NFT solution to complicated contracts of paperwork that require government approvals?

>>22484899
Yes, all the rebase coins are people trying to conjure value from nothing. It's funny because the final rug pull effect is amplified by the core mechanics.
I don't see any value add from NFTs in traditional "contracts that require paperwork". These ledger tokens (fungible and not) are useful when they represent financial positions that can be composed into other "contracts" (financial gadgets). 99% of real world contracts just manipulate cash based on signatures.

>>22485128
I should clarify that last statement, I mean the market for automating "contracts" in the real world is actually the market for automating the value flow component for processes that are already automated in a way that is cheaper and settles faster than existing systems. The world of real "contracts" is not really going to be impacted.

What should i be holding

>>22484431
>>22485485
My long term holds are ETH and BSV.

>>22485560
>BSV
Opinions officially disregarded

>>22485602
>he doesn't know

Thinly veiled bsv shill thread

>>22486354
>what should I hold
>BSV
>thinly veiled
I FUD BSV on twitter too

>>22485268
Where do you lurk for chatter, other than /biz? I use Twitter as well but always looking for others. Agree with most of what you've said, and your BSV angle is interesting.

Any comment on plasma chains for Eth scaling?

>>22486729
Plasma, like arbitrum, is pretty heavyweight and ultimately someone still has to run the whole validation. I think if there's going to be some kind of game-changer, it will be built on some kind of fancy new ZK tech. Unfortunately I don't have the expertise to analyze ZK rollups myself. We aren't at a point where we can even generate honest benchmarks to compare systems.

>>22485560
Doesnt BSV have a reorg issue, you literally cant propagate blocks that big across the network without state issues

>>22487149
Re Eth scaling and really blockchain et al I suspect there will be an almost society level shift towards hosting nodes with low or no technical knowledge, like plugging in a router. Normies will do it and it will run through something like a centralized hardware manufacturer that will instruct on setup but not actually meddle in running the thing.

Feel like your BSV thesis is basically opposite of this, that Bitcoin and other cryptos all still end up more or less centralized under big resource holders. Which, tb h, is pretty difficult to argue against

>>22479768
What's you net worth?

>>22487254
No, (You) can't propagate blocks that big without reorg issues. Plus transactions are not nearly as impacted by reorgs as you think, given they are all accepted and nodes reject double spends on sight rather than replace-by-fee.

>>22481325
>BSV

>>22487391
There will be normies on phones, devs with cloud push permissions, and infrastructure owners/operators. You're saying this is hard to argue against, you sound unsure of your initial claim. To me it seems obvious.

OP/NEW OP THAT TOOK OVER

Thoughts on $DOT ecosystem. Seems like a projects built on $DOT (Kulupu for example) have highest potential for huge growth - but I'm retarded so tell me why I'm wrong

>>22487667
To me the ratio of VC bags to organic dev usage makes polkadot seem overbought

>>22487840
Makes sense - TY

>>22487840
Just gonna ask because you seem surprisingly helpful but do you know about/have any opinion on NYZO

>>22487961
>Investing in pic related
jk I have no idea

>>22479768
>absolute best case still made less than $1MM usd
and?

>>22480479

>bought link late
>sold link early
>'flipping'' link
>AMA

Fuckin KEK

>>22488144
>bought eth late
>took profit never
>holding the most popular meme coin

>>22488197

>BOUGHT LINK AT 30$
> BOUGHT LINK AT 0.30 WHITH ETH WORTH 800$
>TRY AGAIN

>>22488233
Relax man, the nice thing about the market is we can place our respective bets and it will resolve itself regardless of whether we are able to convince each other or anyone else

>>22488266
there will be no shortage of various blockchain "bandwidth" for smart contracts even just between ETH and Polkadot and Chainlink off-chain solutions IMO no idea why BSV in particular would make the grade. Also the oracle problem cannot be solved at this time by code but secure trusted decentralised oracle can be bootstrapped into existence by big companies and crucially SWIFT.

>>22489154
ledger bandwidth is exactly what there will be a shortage of. On top of that interchain and L2 solutions all suffer major synchronization overhead which means it is worse than linear resource wise. BSV in particular because turns out bitcoin is designed specifically to scale in L1 for parallel resource-oriented (UTXO) validation.

>>22485560
dude why BSV?????? dude come on fuck that nonsense

>>22481325
BSV lol dude ... just lol get real brah

>>22489859
Bitcoin is the most scalable blockchain architecture by a wide margin. Almost everything you believe about bitcoin is a lie.

>>22479768
who cares I bought ETH at $20 a lot of people did you’re not special OP

>>22481697
yikes. looks like this was just a thinly veiled BSV thread the whole time. consider necking yourself.

>>22490013
>>22490135
It feels good to know you're right, doesn't it. But only one of us can be, isn't that tragic

>>22482419
BTC hashrate is at ATH dude. it’s over for all these forks.

>>22490309
This will surely be the end of BitCoin and Craig Wright