/biz/ - Business & Finance

idc
where i can buy grt??? ive heard that name here a lot recently

>>28553338
Bring poor. /Thread

The problem of me being broke nigger

>>28553338
Devs won't have to make their own query code of blockchain data, they just use GRT coins to grab the data from an indexer.

nobody cares what it does I bought it with free coinbase money traded the other coins they gave free shit of into GRT and bought a little bit and it’s done a 3x for me I am not in this shit for the tech I’m a poorfag trying to make it

>>28553410
BASADO

it’s the jimmy savile of peados

>>28553338
The problems of given addicts a place to put their gambling money after Rubic went out of fashion

>>28553338
Data exists in the blockchain but getting access to it is a computing problem that was solved in the 1950s. The graph brings that solution to the blockchain. Indexing. If I give you a big stack of books and tell you to find every page where the word "cat" gets used, you're going to have to search every single page line by line to find it. Now if I tell you to find all use of the word "cat" but not on pages where the word "dog" shows up and only when the page was created at most 3 weeks ago it's going to take you even longer. Indexing says we create columns for relevant data points and make that data more easily queried.
Basically when this is in full effect it makes app development much easier. Expect me tokens to be created for apps that will use GRT to query their data.

>>28553377
Coinbase

>>28553461
based

>>28553338
It makes getting data off the blockchain super simple and quick. ALL devs want this, and there's no other way to do it besides the current way using GraphQL and manually pulling it off. All projects that use smart contracts need to do this. Web3 will be based on this. Theres a reason ALL major DeFi projects adopted this DAY1. Uniswap, Aave, Compound, etc are all using The Graph.

>>28553752
How do you know what to index before the query is created? Does it just improve repeated queries?

>>28553752
Sounds to me like my 179 dirty gerties are looking to be €179K in the not so distant millennium

Hold up let me graph it for you real quick

>>28553338
uhhhhhhhhhhhhhhhhhhhhhhh
does it matter?

>>28553983
You forgot to add...adopted before the token was released. Not finding, just struggling to see how the token is actually necessary and not a choice. Oh & what's the total supply again?

>>28553338
Allows indexing of on chain data for pricing, pokemon stays, and dick sizes by race and nationality.
If you can't see how big that is, stay poor.

>>28553338
GRT solves the problem of every future dapp having to manually sort out their own blockhain indexing solution and store/serve it to people through centralized servers. With GRT, people are incentivized to index blockchains on their own, and then dapp developers can access those indexes for cheap, all decentralized.

This is something that a decentralized twitter equivalent would need for example, but basically any dapp that needs to proccess and search a large amount of data needs the graph and there is NO OTHER solution for it, it's the ONLY coin in this space to do anything about this glaring issue, it has no competition. It's going to be the backbone of the new internet, And the coin is necessary for every involved party to have, every step of the way. $2.30 is insanely cheap for what it's going to be, we're looking at a top 3, maybe top 2 coin here

>>28553338
The lack of grt

>>28553338

The fact that daddy needs to get paid my dude

>>28554020
> Curators in Mission Control signal on subgraphs and stake testnet GRT, to indicate to Indexers which subgraphs are high-quality and should be prioritized. Throughout the testnet phases, Curators will complete missions and contribute to the community, to earn testnet rewards.

>>28554020
individual actors will stake GRT to build indexes of blockchains ahead of time on the graph because they're incentivized to do so by the way the graph works. And delegators are incentivized to stake their GRT on quality indexers, which sorts out the problem of verifying which ones are providing good indexes. And any dapp that wants to use indexes generated by the graph will need to pay GRT to do so. It's a self supported system and every single step of the process requires GRT

>>28553448
Wouldn't it be cheaper for them to build one of their own?

>>28554716
No, because then they would have to do it (and host it!) themselves. with the graph, the index will already be readily available to them

>>28554716
And maintain it? Adapt it as their needs and the industry changes?

>>28554623
>(((Curators)))
ah so it's a centralized manual piece of shit

>>28553377
kraken

>>28555142
I’ll remember this comment in 5 years in my beach condo.

>>28553338
The problem of passive income for me that other people are already priced out of

>>28555142
You are hilariously wrong. It's the solution to a problem that until the graph required centralization to solve

>>28554248
This particular token's acting like an IPO, to flex what it's worth. And it's worth a lot.
All these people buying into the token and delegating with it also consider it worth a lot. This isn't hard to figure out.

>>28554945
If it was a patently great idea and had plenty of financial backing, I guess it might be better to design their defi app with their own proprietary indexing protocol. It's designed to make dapps cheaper to develop in a cutting-edge field.

>>28553613
Crypto is mental

>>28553752
What is the data source of the indices? How is indexed data validated? How can I know what I'm getting for my query is correct and not malicious? What if I want private data that cannot be publicly available? What about obscure data that no one expects to be queried, surely it cannot index all possible public data?

>>28554248
people need GRT to run every single component of the network. people need GRT staked to run indexers. People need GRT to access indexes. people need GRT to delegate. the more people use the graph the higher the demand for GRT and so the higher the price will go

can someone please post the infographics about what GRT does and the problems it solves?
I'm trying to convince my IRL friend to buy it and he already has some but hes an idiot that doesnt understand what different tokens do.

>>28554020
Think of indexing as taking all of the unordered data and placing it into an excel spreadsheet. In my example it would be a table with columns for page and word. So when you want to find an example it's easy to search. Indexing is done once and it improves query efficiency.

>>28553338
It's basically a graphQL API for blockchain data.
When you look up transactions on etherscan, it's not actually parsing the entire blockchain; the blockchain for ethereum alone is like 300 gigs. Instead, there's a backend data structure that expedites the process to find transactions. So like when you open a dictionary to find a word, you don't go through all the words individually, you look them up by letter.
The Graph is a decentralized computer network that indexes blockchains, like the index in a book, so that other applications can look up transactional data quickly. It just happens to use graphs (as in computer science graphs) to do it, using a decentralized computer network that is paid with the GRT token.

https://en.wikipedia.org/wiki/Graph_theory

does it only work with eth?

>>28555634
The validity of the data is up to the curator to determine. If it's wrong, the indexer has their rewards cut. If you want privacy on data that would basically require another layer on top.

But as soon as everyone uncovers it's utility the supreme dip will begin. Just buy it and stop asking questions wanker (slang term for masturbator)

can this please dump to 1 dollar Im a poorfag and want to load up again

>>28555634
>What is the data source of the indices?
the blockchain? if I understand the question

>How is indexed data validated? How can I know what I'm getting for my query is correct and not malicious?
delegators and curators both exist to validate & collectively rate the quality of indexes generated by indexers, you can read more about the incentive structure they have set up in the docs

>What if I want private data that cannot be publicly available?
For private data I'm not sure there's any real way the graph could work for it, since the whole idea is that indexers start indexing a blockchain ledger ahead of when it's necessarily required by a developer

>What about obscure data that no one expects to be queried, surely it cannot index all possible public data?
curators "signal" to indexers where they think indexing is required/valued, and are rewarded more for being ahead of the curve when that index does turn out to be valuable

>>28554313
This answer is also correct.
Tbh, I don't think it's a top 3 project, but it's definitely a future top 10, considering that APIs are already critical to many finance applications. Something like GRT has the potential to be critical to a future DeFi infrastructure.
GRT will easily have a MC of $20B at some point, but ETH and LINK (brings real world data on-chain, so key for crypto and derivatives to interact with things outside the cryptosphere) are also critical to that ecosystem so they'll probably always outrank it.

>>28553338
Ugh here you go https://www.youtube.com/watch?v=7gC7xJ_98r8&t

>>28555833
anyone? please

>>28553613
this is funnier than it desserves to be

>>28553448
What does this mean?

>>28556778
I already did

>>28553338
The problem of my portfolio being 4 figures.

>>28554248
>finding
I think you mean fudding there. DR:NS

>>28556013
For now but more will be added. Are you starting to realize the potential? This isn't a pump and dump shitcoin.

>>28553338
The problem of poverty in India.
Think about how many Indian children(35 year old men) you could feed by apeing into GRT

>>28557187
It also currently works with the Filecoin network.

>>28557274
Just sold my stack.