/biz/ - Business & Finance

>>29776975
Why is there so much FUD surrounding GRT? It's the only coin I know of that has a dedicated tripfag FUDposter here, and everyone seems to have an opinion about it. I just want to buy-and-hold and retire in 5-10 years, stop shitting on my dreams. :(

>>29777290
It's probably best to just set and forget it. I'm delegating a sub .85 5k stack and all of this anxiety about charts and fud is just a time waste.

>>29777290
Because all the Chads have already delegated. I only participate because I like the memes and I pretend to FUD half the time myself but I don't really care about the day to day fluctuations since I'm making money either way.
The other reason is that Ranjeesh is priced out and he's mad.

>>29777660
The tripfag is undoubtedly jewish.

>>29776975
r u a bot?

>>29776975
>indexer rugpulls and doubles his cut
FUCK YOU NODEHODLER YOU JEWISH FAGGOT

>>29777978
which one?

Just do something bros. This crab is too much

>>29778046
curation UI coming soon.
but I think the migration of a few subgraphs from hosted service to mainnet needs to happen first before curation goes live.

>>29778009
nodehodler-com.eth, fucking kike bastard

I have 9300 GRTs, will this be enough to retire in 1 to 2 years, or will at least get me 100k dollars by then, I could just cash out at that point and live life relaxed as fuck

>>29777520
How much do you make with your stack?

>>29777855
GRTsux? He's based and bullish. The one that pretends he's a woman definitely is though.

>tfw stack still not big enough to delegate

Stay girthie my friends. Of all the alts we will be having yacht parties come 2025.

>>29778176
still at 20% APY which is very good

Voting on Bancor for 80-100% APY on GRT. I'm going to make stupid amount of APY on my six figure GRT stack when its approved on Bancor. I suggest anons here go vote.

>>29777290
Listen to the chad at
>>29777520

>>29777929
No sir, just some person who would like to see a bit more presence of GRT on this board. I find that these general threads tend to be quite helpful, lots of newcomers asking questions here that (most) of us answer seriously. A good deal of naysayers but the discussion is lively and at least somewhat civil.

>>29778240
To get you $100k from 9.3k GRT, each GRT would have to be worth $10.76, not including any taxes you feel like paying on it. Is this reasonable? Obviously depends on who you ask, but I don't see it being far-fetched by EOY. A bit optimistic, but most of us would be happy seeing double-digits EOY.

>>29778503
And that's why you take advantage of thee dips, my friend. Just keep stockpiling.

>>29778614
YGMI as well, fren

>>29778764
>still at 20% APY
No it's not retard.

>>29776975
Thanks Jim, I'll pass this time just as I do every single time. I don't like this GRT coin/token/piece-of-nothing so I'll avoid it a bit longer thanks. By "a bit" I of course mean permanently, barring any future brain damage where I may decide otherwise, assuming I'd be in control of my assets at that point which probably wouldn't be the case. No, I suppose I'd have handed power of attorney off to someone I can trust. Someone that wouldn't buy GRT with my hard-earned skrilla. Someone like Lucy, my transgendered bank teller at Bank of America whomst gives me insider tips on short term interest rates which are currently ZERO but may be higher next year, something I am patiently waiting for like a smart investor.
>>29777290
In its simplest form, GRT is not even there. It's not worth considering because it doesn't exist. It's just nothing. In its more complex form it's a harmful idea that people like to pretend is beneficial or even malevolent to some degree (GRT will help the future of decentralization/Web3 (we never had Web2 btw)/blockchain technology/other fantasies). People who spread these ideas are not safe to be around and you should avoid them at all cost instead of going into their lair and asking them to seduce you. This is how you get tricked into buying GRT. You are walking into a trap, intentionally, and feigning confusion just so you can flirt with some demons? You deserve whatever comes of this.
>>29777520
Finally some decent advice. What's your name friend? I bet it's Bobby. That is a nice old fashioned American name from the past that will never again regain its popularity, and that's a good thing. The names of the future will be nothing like the names we have had or currently have. They will be names like "90bw83n7dj382j" and "wlk0s0el222nd8j" and even other combinations of characters that mean nothing at all because, you have to understand, where there is meaning there is offense taken. And GRT, somehow or another, contributes to this.

>>29779459
Hey, I got a mention, nice. Good afternoon, resident jester.

Anyone use protofire?

>>29779061
you're the retard.
graphscan.io
0x671bc7a0ffa02b0ee90ee03bcd11915df011503a

20%+
I even calced it by hand and got 20.92%

>>29777290
dont worry anon, wgmi
digits confirm 77$ eoy

>>29777520
I HAVE A CORRECTION TO MAKE REGARDING MY RESPONSE TO THIS HORRIBLE DEMON!!!!!!!!!

>>29777520
>>29777520
>>29777520
I DO NOT APOLOGIZE FOR READING YOUR WORDS INCORRECTLY, FIRST OF ALL.

SECOND OF ALL, I THOUGHT YOU WROTE:
>It's probably best to just sell and forget it.
MY EYESIGHT IS LIMITED DUE TO EXTREME AND HEROIC CIRCUMSTANCES IN MY PAST SO NOW IS NOT THE TIME TO COME DOWN ON ME FOR READING SOMETHING INCORRECTLY.

IT IS TRUE THAT IN THE PAST I HAVE MENTIONED THAT EVERY SINGLE GRT HOLDER IS ILLITERATE AND CANNOT READ ---> I STILL BELIEVE THIS IS TRUE

MY MISTAKE HERE WASN'T A MISTAKE, IN FACT, IT WAS YOUR MISTAKE BECAUSE YOU SAID THE WRONG THING, WHICH NOBODY SHOULD EVER EXPECT OR ASSUME, WHICH I DID NOT, WHICH IS WHY I THOUGHT YOU WROTE "SELL" AND NOT "SET," ERGO I WAS ACTUALLY CORRECT

YOU NEED TO APOLOGIZE TO ME IMMEDIATELY FOR WRITING THE INCORRECT WORD

>>29776975

https://graphscan.io/

useful to vet indexers. Just search for the indexer address and you can see how many people are delegating to them, how many people have undelegated and if/how the indexer changed their rewards.

>>29779709
rerolllllll

>>29777290
GRTsux is a buy signal, everytime he posts GRT pumps. We must all thank him

>>29779709
naw dawg, trips confirm $150 EOY

>>29779626
>you're the retard.
That's true, I didn't remove my graphies when he hiked the price from 13% to 23% initially. The numbers on graphscan.io are old, retard, those were when the indexer was 23% cut.

>>29778902
BNT and GRT confirmed make it stack

>>29779626
Might help to post your calculation, so he can either point out your error or STFU.

>>29779709
Both of your post numbers are combinations of 2, 7, and 9. Neat.

>>29779877
Will add, thanks!

>>29779954
"you have been visited by GRTsux. girthy pumps and no crabs will come to you but only if you respond with 'thank GRTsux'"

>>29779985
Rolling for the meme magic

>>29779985
quads checkem

Is a good delegation stack 5k and above? I'm tempted to max my credit card out to buy GRT at this price before BTC continues its bullrun.

>>29779459
>doesn't actually know what malevolent "means"
>can't actually speak english
>(you)

>>29780671
5k is the widely-accepted minimum for delegating so that you can make back your fees within a month or two. However, that's quite a bit of risk you're putting on yourself... using a credit card to buy GRT then staking it means you're going to have to pay interest on those credit card bills, which will counter a lot of your profit on delegating. You do you, but please be careful.

>>29780162
>>29780017
https://docs.google.com/spreadsheets/d/1Zg39W_TJANNiYY-HrgAlrgolrTt7aFvVF1swzngjH5o/edit#gid=0

I've dug deeper and it looks like 16 mil GRT were undelegated and the indexer compensated by increasing reward cut. But the undelegated GRT will remain part of the equation for the next 28 days (the indexer compensated too early).

>>29777290
Because it's it LINK 2.0. This is exactly what happened in the early days of LINK. It's not clear why people are so desperate to shit on these coins and discourage others from buying, but what they're saying is really based on nothing.

anyone paying attention to the centralization discussion on the Graph forum?

https://forum.thegraph.com/t/pre-proposal-decentralizing-network-stake-via-parameter-revision-s/1559

It looks like they're worried like 5 indexers are going to centralize the network. Also the fucking faggot Payne is acting like a dick to everyone especially Delegators.

Is decentralization a meme? Is it even economically possible? If faggots like Payne wind up centralizing the network he'll just cut out Delegators entirely.

Can you add more to an already delegated stack?
or do you need to undelegate first

>>29776975
>>29777290
>>29777520
>>29777660
>>29777855
>>29777929
I present you another coin with a 100x potential, Devery (EVE). Why is Devery about to explode?

- Partnership with UN has concluded (Details are limited) However, the rumour is that the Tunisia Gov has fully implemented the protocol and it is a success.
Source: https://www.five2one.com.au/case-study/world-food-programme

Successful release of marking application. The app is a showcase of the use of this technology.
Source: Markery.io

Details are limited ... However the team is in the final testing phases of Sku application. Interfaces with ethereum using Heroku. User doesn't purchase EVE tokens, but rather credits. Huge advancement and sure to turn some heads when its released. Source: skumaker.com

Token economics that make sense (Devery is used to actually power marking on the blockchain... ie... its needed


Burn mechanism... Tokens are burned during the process of marking... reducing supply.

btts nodes: Allow gas-less transactions on the etherum blockchain. A unique code written by the legendary Bokky Poobah
Source: Devery Github

Upcoming release of Logisitics application: Details unknown

Opensource Github so you can see for yourself what its all about.

Teams wallet is locked until 2021 advisors until end of year.

The Devery team has been quietly developing some of the most advanced tech in crypto. Once they are finished their development stage all of this amazing work will be fully realized. You wait your loss... Devery is scrapping the bottom of the barrel now at sub 1mil MC...

You snooze you lose.

>>29780991
the graph at this point could do without Payne, Koen, Jim and Fattox. The graph would have extra value if they kept their mouths shut.

>>29780967
>and it looks like 16 mil GRT were undelegated
yeah because the indexer raised the rates from 13% to 23% like a tard.

>>29780837
My APR is super low and I plan to have it paid off with my wage after 4 months anyway. I planned to do it for GRT when it was at 0.89 and regret it.

>>29780967
This is a phenomenal asset. I'm going to start including this in my GRTG headers unless you object. Thanks anon!

>>29780991
The Graph team seems to monitor everything that happens in the Network pretty closely. Centralizing the Network is one of their core tenants, so I sincerely doubt they'd let any sort of pseudo-centralization like this fly. They probably don't want to come out and smack their top indexers directly, but if they actually tried to go through with it I'd wager they'd put a stop to it.

>>29781125
You can keep throwing GRT on top of your current stack.

>>29781175
That is an incredibly random selection of posts to reply to. Seems like a bot to me, or low-effort shill. I'm not against the notion of promoting similar coins, but this specific post feels off.

>>29781398
If you've got the future income and you don't fear that going away, then maybe that is a great option for you. I honestly had similar thoughts when I bought my ~$0.43 stack, and I'd sure have appreciated it if I had.

>>29779459
>wlk0s0el222nd8j
you fucking hacked my quickswap password

>>29780976
this has nothing to do with link you mong
every shitcoin under the sun is branding themselves the “next LINK”
do you want to be associated with the rubic spackers?

>>29777290
The Graph is great and the developers are going to make it. But the tokenomics suck and buying GRT is a heavy investment filled with a bunch of fees to get anything from delegating, if you didnt buy at 25cents or dont have 20k to put into it. Add the fact that it wont rise anymore over $2, so it just stopped being worth it to invest in. So imagine a coin stuck in permanent limbo between 1.75 and 2.50, where the only time it has any value is if it were a penny token. If you got your stack and youre delegating what the fuck is the purpose of these generals? No one should be buying this stupid crypto now because it wont have any value in the future unless you already have a ton money, JUST to get passive income, which we all know, the rates will change and get worse. How are you unable to see that?

>>29779800
Checked and based. GRTsux holds a mirror to reddit, its quite like that Nietzsche quote about the abyss. A sight to behold.

>>29781371
It's definitely skewed in favor of the indexer. They don't seem to even have cooldowns any more, while delegators must wait 28 days before paying more fees and delegating again if they get rug pulled. I hope that as new subgraphs come online, new indexers will come too to make it a little more competitive, but my fear is that since they're given these massive stacks, they'll just continue to bully delegators and we'll just have to take it.

>>29781398
This sounds like a really terrible idea. You never want to gamble with more than you can afford to lose. I believe in GRT as much as anyone, but I wouldn't buy unless I could pay for it outright and not be financially ruined if it didn't work out. Who knows, maybe there will be a better entry point when the tokens dump.

>>29781573
np, i don't mind

>>29780991
so far the two biggest indexers' stakes represent about 2.7% of all GRT. With delegation about 4%. That doesn't sound too bad.
The team could buy GRT back from the market and raise the token price to prevent potential whale indexers from buying too much.. but ofc, price discussion isn't allowed. And it'd also hurt potential new (smaller) indexers. I personally think it was the team that pumped GRT to $2+. They're trying to find equilibrium between disallowing potential whale indexers from accumulating too many GRT while still allowing potential smaller indexers to buy in and start indexing.

>>29782014
Pretty sure the token dump is priced in, can't see it going below 1.30 anyway. I'll think about it by Monday when the price dips with Bitcoin. I'm confident I won't be at too much risk

GRT 6.66$ end of March
trust the plan patriots

r8 my elevator pitch explanation for normies

grt is building a set of api tools to let people make/take conveniently indexed information on/for/about blockchains rather than doing by hand

>>29778441
Hello friend, from starting this month it will be 85 grt per month. Pretty good even if the coin only goes to $10

>>29784154
Trying to explain anything to normies using things like api and indexing is just going to make them feel even dumber and less likely to put their money in.

>>29777290
>It's the only coin I know of that has a dedicated tripfag FUDposter here
Never stepped into a FTM thread I take it?

The fact that we have so much dedicated FUD makes me think a $20 GRT this year is FUD.

>>29784335
true, it might work for the techy normies that do know what an api is. Gotta polish it up for anyone else tho

>>29776975
sold at 1.57 at 2x profit couldn't be happier watching this pos dump and crab and dump was not conducive to my zen

>>29780991
Yes. Obviously there is a problem with risk of the network becoming too centralized. I don't appreciate some of the indexers acting like we are apes though. As a delegator I will delegate to a whale indexer because they allocate daily, and have a better APY. I don't do this because I think look big number me like big number, I do it because it's in my best interest. They should get off their high horse a little.
>t. 50k holder in whale indexer

>tfw indexer's setup I delegated to is fubar so his setup isnt gaining rewards and is just a zombie
>previously was paying out allocations but now even auto allocations are broke
Time for a month without free gains

>>29785156

go to graphscan.io to vet the indexers.

>>29785306
he was reputable, and was paying out up till last week. He just stopped indexing I guess

Do you all see our boy on that list?

>>29785156
which one?

what are the grt ranks?

>>29776975
I bought a starter amount in this.

I buy and never sell so I look for blue chips that will be titans for years to come.

Any coin that is well vested into the ecosystem, interoperability with other good coins, I like.

Hence my investment.

>>29785833
0xac104dba73822c575713e1ecb06da67af01c54b3

>>29785704
https://ca.news.yahoo.com/grayscale-investments-announces-exploration-investment-140000359.html

>>29779800
>>29780162
Thanks grtSUX

>>29784154
I use a cookbook analogy. Imagine using a big cookbook without the index in the back. Who creates the index? What if you could specify your own indexing heuristic? Etc

>>29785856
>1-10 GRT: Community Service
>11-25 GRT: Public Apology
>26-50 GRT: Do something nice for a local transgendered
>51-100 GRT: One year of jail, TEN years other punishments TBD
>101-150 GRT: TEN years of jail, ONE HUNDRED years of other punishments TBD
>151-200 GRT: ONE HUNDRED years of jail, TEN YEARS of in-jail punishments TBD
>201-250 GRT: LIFE IN JAIL, PUNISHMENTS (TBD) THE WHOLE TIME
>251-300 GRT: On the spot execution by nearest federal judge, relatively painless depending on judge
>301-350 GRT: Death by lethal injections (multiple at same time to make sure)
>351-400 GRT: Death by electric chair + firing squad
>401-450 GRT: Death by anti-aircraft missile fired right at center of chest + a bomb explodes on you
>451-500 GRT: Death by limited nuclear strike on your location
>501+ GRT: Doubt anyone has this much but if you do rest assured you will receive state-mandated death by humiliation so sell now

>>29785999
>0xac104dba73822c575713e1ecb06da67af01c54b3
I think one of the delegators should be able to close his allocation because it's extended past 28 epochs.

>>29781918
Are you saying at this point it's best to sell as a stacklet ?

>>29786173
>>29785999

>Delegators can close allocations for indexers after > maxAllocationEpochs (~28 days, but exact time depends on how many blocks have passed): https://github.com/graphprotocol/contracts/blob/master/contracts/staking/Staking.sol#L1141-L1144

>This allows delegators to close in case the indexer goes offline or rejects to close. Note that indexing rewards are only distributed if the indexer closes, because only they can have work that they can prove to have done (via the proof of indexing):
https://github.com/graphprotocol/contracts/blob/master/contracts/staking/Staking.sol#L1168-L1171

>After an allocation has closed, anyone can have it claim rebate rewards (aka query rewards). These will be distributed not to the one making the transactions but the indexer, delegators, curators, as normal:
https://github.com/graphprotocol/contracts/blob/master/contracts/staking/Staking.sol#L1208-L1209

>>29777290
GRT Fudder here, we FUD this shit because we're still accumulating as much as we can. We need to pathetic faggots to sell everything so we can scoop up your bags you normie.

>>29786367
No, he's missing the point. Completely whiffs on the fact that the coin is useful for tech orgs and their applications that will inevitably exist in a decentralized architecture

>>29781918
I’m delegating 10k right now don’t say this shit it’s making me nervous

>>29786173
>>29786401
The issue is that he is no longer receiving delegation rewards to close out at all as far as I know

>>29786608
Based

>>29781918
>the rates will change and get worse.
nigger the inflation rate is a constant and there are essentially zero query fees on the network right now

how could it not go UP?

>>29786137
state mandated death sounds like it

t. 3k grt stacklet

>>29788023
If/when more people delegate and index the 3% annual index rewards will be split up between more people = less rewards for you = less APY. Query fees will only be a slither of GRT going to indexers and delegators until the network is serving a lot more queries than the projected 11 billion a month. APY will probably go down to 6%

>>29788630
There are also going to be potentially exponential increases in query volume, and everyone assumes that the query fees won't increase. Right now its $0.00001, but that could change. Even an increase to $0.0001 is a tenfold increase that is still dirt cheap. Multiply that by hundreds of billions of queries per month and you're seeing some real revenue generated.

>>29788630
There's already 2.5B GRT in the protocol. At MOST there's going to be 7.5B, if it is extremely attractive to stake.

So current inflation rewards might go down to 33% of what they are. Are you seriously suggesting that billions and billions of queries would not make up for this and then some?

>>29789707
11 billion queries in January
At a cost of say $0.00005 per query
$550,000 per month
321,637 GRT a month 10,721 GRT daily ( at today's price)
You'll also need to be in an indexer that is serving these queries

So as it stands query fees are negligible

>>29790025
>$550,000 per month
At current prices the inflation rewards are around $42M per month. Assuming my example where two thirds of this needs to be "made up" by query fees in order to equal current APY, we need to make up $28M in monthly returns.

So queries need to do a 50x in order to equal the returns that people are getting now. They JUST did a 100x last year. And this is obviously ignoring the possibility that GRT increases in price which is obviously grrreat for all current holders.

>>29779057
Who’s Jim

>>29790473
I do not doubt we'll get there eventually. I'm just saying right now no one should get their hopes up. We got a ways to go, but when we get there we'll be swimming in money.

>>29785465
is it stake 2earn?

>>29786367
Hope you get lucky and it pumps, then dump.
>>29786654
How the fuck is that going to change the price of GRT?
>>29786712
Sounds good to me. Enjoy your passive income of more GRT which on any given day will be worth 1.35 to 2.50 until inflation boosts it.

>>29790478
I am Jim. Sort of. One of many aliases that I use so often it is more familiar to hear/respond to than my own name.

>>29790478
i hope he's not jim the cryptovestor, the council member, because he's gay af

>>29791071
I have no idea who that is.

>>29790916
>How the fuck is that going to change the price of GRT?
>how does demand for an asset increase its price

Honestly. Convince me to not I delegate and just try to swing as these swings have been predictable as shit.

I did a sell order on goybase and it "sold" my GRT stack but really didnt. My portfolio shows my GRT still but the trading window wont let me sell it. What did they mean by this?
>swingies get the rope

>>29791159
the supply is there, and devs continue to dump more to keep the price down. Demand doesnt mean shit if the supply isnt limited.

BTC is gonna fuck the price action for a while but as soon as there's big news people won't give a fuck what it's doing and GRT will rocket over $3 ez

just have patience

>>29791227
They are indeed quite predictable. For now. All it takes is one bad swing to ruin it all, though.

Our crabbing margins aren't all that high. For you to make a decent penny on swinging, you'd need to bet a lot of GRT each time. And if GRT, say, spikes in price and starts crabbing higher after you had just sold, then you lose a lot of swinging progress. On the other end, if you buy and the price goes down, then you're stuck with a large stack you can't sell at a profit, and you have to wait for it to increase again. So if you make a mistake in your swinging, you can be soft-locked from swinging profitably for a while, if not permanently given a large change.

Or, you can just delegate, and get a nigh-guaranteed steady return. You'll never lose GRT this way. Worse thing that can happen is that an Indexer bails and you need to pull out, but if you vet your Indexer, these odds are low.

>>29791490
I only have 10k GRT but want 100k which is why I wanna swing desu

>>29791714
ngmi

>>29791490
How would you suggest vetting an indexer? The only solid assurance I have with mine is knowing he set a parameter cool down for almost two months. Is there something else we can look for?

grt is going to 50 eoy

>>29791714
Alright, let's do some math for the spectators.

I'm going to use some real generous math, assuming that you buy and sell under some currently practical, yet extremely lucky conditions.

If you sold that 10k stack at our recent crabbing-high of about $2.50, you'd have $25k. Then you wait for it to drop to, say, $1.70, and sell. You'd have 14.7k GRT. Sell again at $2.50. The crabbing continues and you keep perfectly nailing the highs and lows. To ease calculating, this means that every buy/sell pair you'd multiply your GRT stack by 1.4706.

To get your 10k stack to 100k, under those ideal crabbing conditions, you would need to buy/sell 6 times each. If you think you can, go for it. I don't specifically condone or condemn swinging versus delegating, at the end of the day, I just discourage the high risk of the former. All it takes is one mistake to offset you a lot of progress! Either way you go, godspeed anon.

>>29780991
>Is decentralization a meme? Is it even economically possible?

When you want people to act a certain way, create incentives for them to follow. If there was a diminishing returns to what you've delegated to each indexer, then that would give more incentive for whales to spread out their delegated stacks to more indexers. It'd also give more rewards for smaller delegators, thus giving a better incentive for new delegators to get into it.

This kind of incentive structure would create a lot more decentralization, as it would cause the whales to split up their delegated stacks, as well as increasing the number of delegators.

>>29791830
But if I get 100k I’ll easily make it.

wtfwt

is it too late to get in on this? just got my tax return

>>29792479
yeah went crazy on nu, aave and grt with this shot. Also had a huge lag on my short, which fixed 5 mins after submitting

>>29791978
Parameter cooldown not being at 0 is actually a bad thing. When it's at 0 sure you could risk getting rug pulled but if you picked a legit indexer they can adjust fees as more delegators come in so you maintain your APY. If the cooldown is like 30 days they can't adjust shit and you're stuck making less.

>>29776975
Reminder holding only works when you pick a winner. With the new supply coming out everyone sold the top and moved funds elsewhere. Only the plebs are left holding grt now.

>>29792355
Don't forget to account for the short term capital gains tax, if applicable. It gets even less appealing if it is.

fuck off i wont sell

>>29792930
I don’t have to worry about that. I’m not somewhere with the cuck tax.

>>29793088
checked and based
I wish I was.

>>29792737
No you're still early

>>29792737
Nope

>>29792905
If that were the case why are you here?

>>29794384
So many of them.

>>29776975
Shill me indexers guys.

>>29795622
P2P