/biz/ - Business & Finance

>>29347786

Basically, build a website or app, connect whatever crypto project into your service. Need info/real time data? Integrate Chainlink. Need a search index? Integrate Graph. Need to integrate coupons? Integrate Hashgraph.

Think of it as industries forming to service digital business needs.

>>29347938
I see, where do the coins come into play? Are they like the new form of “stocks”? I guess I’m just confused as to why these tech companies/platforms aren’t part of the traditional stock market.

>>29348167

Its complicated, but take something like Chainlink. The idea is that people that query a chainlink node will "pay" with the token, and node operators get payments in tokens for hosting information. It's interesting in that, no company hosts all the servers, but they use outside sources that with to participate in the network by providing their own equipment. Every coin is different though.

>>29348395
Thank you anon for attempting to explain things to me. I’m afraid I have more questions now.

>>29348660

That's just it my fren, no matter how many doors you open, there are infinitely more beyond. Try not to force understanding, just browse /biz/, read some articles, and experience the journey with the rest of us. Understanding and Knowledge are just biproducts of the experience.

in the future, porn will be decentralized and tokenized

>>29349559
>Don't question it, just coomsume shit coins. Just be sure to sell low and buy high

>>29348167
Basically you are buying stock in the company.

While we have people willing to answer questions, I have one of my own.
Staking - how do my coins, being staked, help or benefit in any way that causes me to be rewarded with extra tokens? The whole concept of staking escapes me.

>>29347786
fuck off nigger
and you spoonfeeding nigger faggots too
>>29347938
>>29348395

>>29349942
Some of the new kids here think trolling and calling everyone nigger makes them fit in, this little nigger is an incel.

>>29349632
>belledelphinecoin

>>29349927
I’m still learning, obviously, but from what I’ve gathered so far staking and or delegating helps support operations on the network internally. Sometimes you are “loaning” out your tokens and receive a percentage of interest I think.

>>29347786
You saw what the internet did to phones and cable tv.
Now watch what the internet does to money and finance

>>29347786
Imagine if instead of ISP, there was graph hosted by thousands of random incentivized computers connected by new tech to provide what ISP used to
Its not any "better" than what internet was supposed to be, but its a more pure implementation as we can all see what your internet has become.
Ok so that brings up another point, libertas is google cloud, except decentralized with no censorship on uploads and downloads; sav3 same but twitter. The only difference is the implementation is by a decentralized host source which will choose to not censor because govvies have no responsible party to go after.
This applies to every facet of life. Decentralized amazon, uber, etc. Its all essentially boiling down to what Ross Ulbrixht went to jail for life over: connecting 2 peers without taking a cut. A decentralized internet of things.

>>29350750
I like this analogy, thanks fren.

>>29350530
That’s only on proof of stake platforms which are very different than proof of work. However, with smart contracts you can think of crypto currencies as operating systems.

Crypto is not like stock — you are putting your money on ONE project to succeed. Think of it as investing money into OSX or Windows 10 — not Apple or Microsoft. You are not investing in the future of a company which evolves to make many projects.

>>29350778
Now hegic does decentralized options
Mirror decentralized stocks
Harvest decentralized hedge fund
Ren decentralized whole reserve bank deposit
Uniswap decentralized barter marketplace

>>29350778
Do you think the current major players like Twitter, Amazon, PayPal, or etc. will try to transition into this new decentralized world? Will they be able to or will it destroy what they are inherently?

>>29349927
>>29350530
It's basically the same as banks using the money you deposit with them to give out loans and pay you back interest

>>29351063
I think they would. It depends on whether it benefits them, the demand is there. First we need more tps which every single provider out there is vaporware on TESTED tps. Second, we need a reason for adoption. I could imagine only Polkadot, Avax, and Cardano doing this.

>>29351086
Completely different actually. Staking actually provides security to the network through uhhh internet stuff ((securing validation of network nodes)) is the best way I could describe it to a crypto boomer.

>>29351063
Thats what hedera hashgraph and binance smart chain are. I do think theyll try to get people onto their centralized chains claiming its the same services but ultimately go back to full central control. Ethereum is in a fight right now with $40b total locked value compared to binance smart chain at $11b. If binance flipped, it gives china a ton of power. Same for hedera the IBM chain if it gets traction it would arguably be a negative thing.
That said, many decentralized competitors are up and coming too like serum and is it cosmos? Or cardano? Anyway they could also push back the central banana republic trying to maintain control.
The bottom line is we are discovering crazy powerful technologies in supply chain and "control" ai in the process of seeing which gas chain wins. So even if ethereum wins out the ever looming problem of each project on it being built centralized is also possible.
Its the people making a difference. Each dev saying fuck it im doing this the right way, not the profit way. But not all do.

>>29351165
Honestly I’m betting on Cardano. It seems like the most promising project to me, but that doesn’t mean much.

>>29349942

I just want others to succeed bro...

>>29351233
Sorry for all these questions, but how does providing validation produce revenue? Does it come from the other projects paying for your staked project’s service?

>>29351393
It seems like every other coin is fighting for dominance while Bitcoin is chilling as the king. This makes me uber bullish on Bitcoin desu.

>>29350750
Best answer. The only difference being that unlike TV, who had the rug pulled out from under them and are struggling to stay relevant, the finance guys can see it coming and are prepared to fight.

>>29351393
I have a feeling that this is a once in a generation opportunity to break free of that control and promote true freedom, hence why I am all in for a better future for my kids.

>>29351766
Checked

If the bank says you have 0 dollars today, you have 0 dollars. In a decentralized environment they cannot make that claim without a ton of proof. Imagine the analogy in the sector of your choice. Web3

>>29349927
staking is like renting
you put up your capital (house for renting, crypto for staking) and get rewards for it

>>29349942
nah your the faggot here

>>29349927
the finematics youtube channel does a great job explaining it for noobs. im still studying it myself.

>>29351063
Those companies don't really provide any unique services that can't easily be replaced. Amazon might transition into a shipping broker that interacts only with orders issued by smart contracts.

>>29352103
But, for example if this were to happen to Amazon, someone would have to build an app in which regular non tech savvy customers interact right? Is that what dapps are?

>implying institutions and the big boys will allow you to wrest control from their hands without a fight
Centralization = money = power. Good luck pushing your utopian decentralized ideas. I’d love for that to happen. But that this point, I’m just in this for the money.

>>29351615
>how does providing validation produce revenue
Assuming it works it produces value through securing the network, security has value. In practice it doesn't work, the supply just inflates and accumulates in the biggest wallets. The nodes never get spread out in the world like mining nodes do, there are no profits to be made from energy arbitrage.
>>29352364
There would be a contract layer and many types of user interfaces to interact with the contracts. Websites like cryptokitties are simple user interfaces to underlying contracts.
You could order a thing from an independent online store or aggregator which would trigger a long chain of contracts involving among other things a deal with a middleman who pays a guy to deliver the thing to your house. That middleman can also be replaced with a contract system with mostly no central authority, a decentralized delivery driver market that the contracts automatically buy from.

>>29352367
oddly enough, being in it for the money, helps the ecosystem.

>>29348167
>why these tech companies/platforms aren’t part of the traditional stock market.
because most projects are not created in America and most of the traded volume happens outside of the usa. Also because most projects are decentralized unlike the stock market