/biz/ - Business & Finance

>>25505089
Here’s my math (not accounting for 0.5% staking tax)

The inflation of GRT is 3% a year, or 300,000,000 GRT yearly. At current valuation that’s about $90M.

Only one percent of query fees get burnt, so for GRT to be deflationary that means that 90M must represent only ONE percent of query fees.

Which implies that yearly query fees are $9B. We’ve already seen the figure $0.00003 thrown around as the query fee, so to get $9B in total query fees you would need the following staggering amount:

300,000,000,000,000
Three hundred TRILLION queries

That’s how many the graph needs to be deflationary. Anyone want to correct my math?

>>25505089
Can I self bump?

>>25505248
So what you're saying is that buying this is like buying doge and that its going to 5 cents

>>25505630
yes

>>25505653
pretty much, bought 650 at 0.3 stop limit at 0.25

>>25505248
Well now I feel retarded for buying in

Bro the fees are that low because it's a testnet, in the future fees will adapt way higher to match real market price. So GRT will go to >$10 because we can speculate on that.

All that aside, It's a bunk project anyway, it falls apart if you even do a minute of research.
Why charge for queries when Google provide it for free?
REST is still overwhelmingly popular and nobody really touches GraphQL, etc, etc, etc, etc

Man you shills aren't being paid very well; do you ever come up with any new material?

>>25505943
Can you refute the math?

>>25505089
>>25506025
>>25505838

>>25505873
Bad FUD.
You retards don't get it because it's not a Google, it's a Graph of data. Retards.
Do Google provide indexed data of all networks/blockchains for free to you? Mate, I don't think so. It's just an IQ test, don't buy it, it's fine

>>25505873
Not even going into why The Graph has potential. Just going to debunk your arguments because it is so motherfucking retarded you might have gone negative IQ.
> Why charge for queries when Google provide it for free?
Retarded for two reasons. One: Google charges for queries after a certain number of requests. This is not a usable amount for businesses.
Two: Google does not query networks or blockchains.

> REST is still overwhelmingly popular and nobody really touches GraphQL, etc, etc, etc, etc
Saying it's shit because REST is still overwhelmingly more populair than GraphQL is by far the dumbest of the two arguments. GraphQL is better for a number of reasons:

> You can manage your resources better than with REST (REST retrieves an entire dataset versus requesting a specific dataset with GraphQL).
> Subscriptions versus polling. Sure, you can use stuff like REST Hooks, but again this adds another layer of complexity, and in the end it's faux subscription that simulates an actual subscription.
> Readability. It writes it's own docs, versus having to use shit like OpenAPI/swagger as an aditional layer.

LMAO, imagine someone making this argument when SOAP was still overwhelmingly more populair than REST. From a devs perspective this is the most retarded thing you've said.

>>25505248
does the fact that staking is probably more incentivized here than on any other coin make a difference when thinking about supply? Even if the thing turns into a stablecoin, the fact that you have a sub-market within it that you can speculate on makes me think that almost all supply will be staked 100% of the time.

>>25507130
>sub-market within it that you can speculate on
good point

>>25507130
I agree the play here is for staking. Moon mission might not happen

>>25507807
You need the token in order to use the GRT service.. wtf are you talking about? Of course they'll be a moon mission faggot.

>>25505089
>>25505248
>>25505630
>>25506042
>>25507807
https://youtu.be/lYqqlGmmTlg

>>25508163
And what part of that shitty video do you think actually addressed my claims in this thread?

>Want to send my graphies to my metamask to stake
>gas fees so far out the ass it would take months to return
Please god someone kill ETH

well do i buy the damn shitcoin or not

someone please think for me

Talked with one of the dev.
Its Indeed deflationary, the main deflationary effect come from curator not from quérie fée or delegating

>>25505089
Sit down and shut up OP. GRT isn't set till November

>>25508848
Its cheap right now because people dont understand how to Make Money appart from pump and dump

>>25508707
>>25508707

Team doesn't care about HODLers. I would avoid this shitcoin like a plague

>>25508996
I mean litterally crypto community is toi dumb to understand. Even most of bag holder will get rich without understanding why

>>25508837
Proof?

>>25509128
Look into thé graph discord for the discussion about deflationary on testnet i dont care if you dont believe me

>>25508707
just buy and hold.

>>25509128
But keep in mind that once its subgraph are all ready you will have buy pressure from consumer, New indexer, New delegator, curator and as long as it keep growing thé supply will be burn faster and faster

>>25505089
EXPLAINS WHY MY INDEXERS ARE PAYING SHIT FUCK ME.

>>25508996
True. Their delegation mechanics are pants on head retarded.

>>25509243
Could you at least say which channel? There’s like 50 channels in the discord

>>25509467
Dont remember maybe général you can look on all of them at once

>>25509079

You're literally retarded or paid shill it's only deflationary if they get enough query reques and I doubt they could do it in first year or two. Price will go to 5-10 cents in 6 months when tards like you start selling and team will do nothing so project is doomed.

>>25508917
No, it is cheap right now, because it will be cheap right now till November. What don't you understand about that, exactly?

>>25509861
>Already was doing 400million daily query request
in november
Anon i...

>>25505248
Just sold everything.

>>25509916
What happens in november?

>>25509944

Have fun holding dead coin.

>>25505248
Shit. I missed the bull market for this.

>>25510021

>>25509737
I literally searched “deflat” on all discord channels and got barely any results.

Certainly nothing about curation being the biggest deflationary aspect

>>25505248
Someone using numbers out of his ass
The 3% is actually now 30,000,000 yearly GRT not 300,000,000

Also straight from the thegraph.com blog:
As described in The Graph GRT Token Economics post, new GRT will be issued as indexing rewards to Indexers in The Graph Network. ((The new issuance rate will start at 3% annually and is subject to future technical governance.)) look at what is said here, IT IS SUBJECT TO TECHNICAL GOVERNANCE. GRT holders get to vote what the inflation rate will be in future

>>25510296
They'll vote for it to be 0 or 0.000000001 because why would you want your coin to become shit.

>>25510296
So it’s fucked now but don’t worry we can fix it later?

Bullish. Let me know when all those whales shoveling in free GRT will decide to reduce their inflation rewards.

>>25510047
It's just fud with twisted facts to make it look like something worthwhile, the query fees will be decided by indexers and someone just threw a number and now it's fact among the fudders, it could be $0.003-0.00003 for all we know, but do you think indexers and everyone involved will be doing this shit for essentially free? Its got a built in market place to decide the price they see fit for query fees

>>25510386
>>25510374
Yes and yes and query fees are going to be determined by indexers, not by graph team, so for all we know it could be 1$ per query(which is obviously not going to be the case, but simply to highlight the fact that it's an open marketplace where indexers decide the price)

>>25510423
They’ll make it worth their effort, and that’s it. There’s no incentive to moon the token for YOU.

The only incentives are to keep people using graph and keep whales happy with the rewards. They would never vote themselves lower inflation

>>25510263

When the graph moonboys discover the former google of blockchain

>>25505630
Newfriend came all the way here just to fud, most peculiar

>>25510614
>deflationnair

JFC

>>25510690
Its not Google retard the business model is far superior

>>25510614
Bullish

>>25510517
Looks really good then. They didn't rush in empty headed. I guess its worth buying now instead of waiting for tokens to unlock

But please biztard stay away from this coin its too good to be tainted by your hand pajeet