/biz/ - Business & Finance

>>29207288

We're seeing the exact same thing with crypto as we saw what happened with the web. The early tech savvy users capitalize on it and made incredible gains. And with all of this attention towards Bitcoin and ethereum and binance lately, even my fucking grandma is asking me, " hey anon, I want to try and put some money in and see what happens." If you don't think there's a million people out there who are thinking the same thing but have no idea how to start and given a simple click of a button to get on would be willing to try, then I don't know what to say.

This is going to be the platform that your grandmother doesn't need your help with. This is going to be the platform that's going to make things as easy as fucking possible and great deal of companies are going to sink money into making their apps effortless to use. If you don't save any money from this bull run to invest in the uniswap swap clones and the finance clones on diem you're going hate yourself. Is it going to be absolutely face melting. This is going to be when government start cracking down and starts try to legislate once they see all the bs associate with normies getting rugged. This will be the top.

I've only seen so far. My call didn't last very long. I have no idea if the current use of crypto becomes a cryptopunk thing and we all just slink away and enjoy our own ecosystems or if the entirety of crypto becomes a target for the major governments. But what I do know is that you want to be on that ride before any of that happens. This is your safest bet. This is your last opportunity. Make your gains now and using all you have learned to compound them on diem. Good luck anons. I'm rooting for you

>>29207288
Good bread anon

>>29207288
>>29207310
I deleted my faceberg years ago. people still actually use social media?

>>29208026
some people exclusively just use like 3-5 walled gardens

>>29208026
what a retarded piece of shit useless reply.

>>29207288
checked
Q3?

>>29208208
what a retarded piece of shit useless reply.

>>29208342

All I was told was that I was going to happen soon if you look at some of the news it says 2021 but we all know how release dates go. The Saving Grace right now is when Diem launches you will not be able to create custom modules for the move contract language. So there's some time to accumulate on the platform before things start launching just keep your eyes open

So are you suggesting we buy Libra or into the shit coins made on it?

>>29207288
can i buy this now?

>>29208656
it's branded as diem now

>>29208677
no, it's unreleased currently

>>29208656
>>29208677
imagine
>airdrop diem to all users on Facebook.

>>29208026
Same, and yes. Remember most people are NPCs

>>29207288
>>29207310
What’s the tl;dr?

>>29207288
El Psy Congroo

Mite b kool..

>>29208656
>>29208754
Wasn’t libra supposed to be a stable coin?
I guess OP is talking about the shitcoins within diem’s ecosystem

>>29208844
The TL DR make sure you have fun when the move smart contract language on Facebook diem goes live. Look for Finance and uniswap phone find the best one and go balls deep

>>29208882
It is but they're running their own centralized blockchain that has their own smart Contracting language

>>29207288
> Binance already proved that centralized blockchains work. They're effective and people don't give a damn about decentralization because they want it easy.

This is how I know you're an xrp tier brainlet. Decentralization gives cryptocurrency and smart contracts value to begin with. Binance is collating that value from decentralized networks because it runs a large cex service and is manipulating the market. There will be many binances over the years that come and go, but the fundemental value driving their markets will be chains like ethereum not libra.

Libra itself is nothing more than a glorified wechat transaction layer. Can it have a lending platform? Sure. Can it have an exchange platform for certain facebook approved assets? Maybe? That's a regulatory nightmare for facebook. Even if they launched such a platform built off libra it would still be centralized. There's no reason for other institutions and to contract with facebook when they could contract with no one by using decentralized, non-immutable, trustless networks that will have access to oceans more developed and broad assets and protocols.

Decentralization is what gives value to the institutions, otherwise it's just a modern day swift. And if corporations wanted a modern day swift they would form a consortium and demand swift modernize or form another entity to carry out the function that they would all be equal stakeholders in. The last corporations would do is utilize facebook's revocable protocols and risk arbitration by facebook outside of consumer facing products and services already on facebook's platform. Once those services are payed for guess where the capital outflow from libra is immediately going? That's right, back into decentralized protocols so that institutions and corporations can actually control their capital flows and hold real custody of their capital. You may make money on libra if it isn't pegged to a stable price immediately. But you will lose comparatively.

>>29208754
To my question do you say buy Diem or the coins within its system?

>>29209005
normies wont care what chain they are using because it will all be connected in the end. I guess the takeaway is to invest in interoperability

>>29209005
Much of what you say is possible but the whole thing is that the people who don't think like us, the people who just go day-by-day and just browse YouTube and Facebook are going to buy into the system people are going to see the value in that system xrp is for losers it has no use case at this point, no base, no smart contracts. look if you don't see the potential here that's fine I just wanted to try and let people know where a new Bull Run is going to happen

>>29209035
diem shit coins

>>29209318
I concur

>>29209318
It doesn't matter if normies do or don't care. Institutions are driven to blockchain because of immutable decentralization and eventually have to bring private chains onto the global decentralized settlement layer. Otherwise there is no reason for them to not use established centralized services like swift. Whatever value accrued on libra will be wholly contained within facebook's ecosystem. Something like ethereum, or an eth killer if such a meme ever materializes, captures value over the entire world's economy.

>>29209595
I didn't say that it was going to kill eth. What I said was if it's going to increase the adoption rate of cryptocurrency to new levels. I'm bullish on Eth and have all my stack in eth. But this is going to be a major Bridge into the ecosystem

>>29209436
I don't see comparative potential when the gains of decentralized global settlement layers are put in context. Facebook's centralized protocols are going to be dwarfed by decentralized offerings by the same sort of magnitude when stocks are compared to derivatives. It may be a good investment but there is significant regulatory risk even if libra isn't a stablecoin. I highly suspect any financial instrument that captures the value underlying the consumer facing product won't be available to non-accredited investors. As I said to the other guy, it doesn't matter what normies care about because capital flow is incentivized to flow into decentralized protocols not centralized ones. No corporation wants to have all their finances at the mercy of facebook arbitration, that's absurd. What I'm saying is that investing in libra compared to the winning global settlement layer if it turns out to be a good investment will be the difference between a 100x and a 1,000-10,000x.

>>29209833
What's the global settlement layer then? I just foresee 20+ big chains with inter connectivity/

>>29209833
>a cryptocurrency owned by Facebook, is going to be pushed hard on every single one of those platforms. It's going to be advertised, it's going to be incentivized; so that the largest influences will adopt it and then they'll show it to their followers.

i think the main thing he was talking about was the onboarding of every day people into crypto via Facebook and that there will be a "defi" like opportunity all over again just like with eth.

>>29209930
qnt
chainlink
albt
come to mind

>>29209930
it's probably ethereum or something that kills ethereum, alongside bitcoin as a store of value if bitcoin survives. If the bitcoin core devs were smart they'd scale and add smart contract functionality but it's probably too late for them to maintain dominance at this point. This isn't a case of pets.com. The winning global settlement layer will be the internet protocol suite (TCP/IP) for finance. There is no profitable reason to run competing protocols and pay for rent taking between these protocols. Pets.com is an example of a failed service that ran on TCP/IP. Amazon is an example of a successful service that runs on TCP/IP. Imagine the stock market and derivatives in 2050-70 running on the new global settlement layer. Makerdao would be an example of a current winner on that settlement layer. Things remain to be seen, I don't claim to know that ethereum is the settlement layer but I have doubts about competing chains in the long term.

All said, in terms of diversification investing in libra could be a good idea because barring regulatory risk there's little chance it won't succeed if facebook pushes it. This I agree on, I just don't want the magnitude of potential gains being lost there.