/biz/ - Business & Finance

>>50661726
>muh utility meme
all of us 2017 fags thought this run would have been the utility run after the ICO/airdrop stupidity of ours. turns out crypto got even dumber this time around with nfts and defi memeshitcoin casino dominating everything. embrace crypto for the ponzi meme it truly is and invest accordingly

>>50662134
truer words have never been spoken

>>50662134
linear extrapolation is for dimwits

>>50662134
The utility run starts when utility starts. It's not something predictable on market sentiment because utility has nothing to do with market sentiment, or what the market is even doing.

>>50661726
I DUN TOLD YA NIGGA DIS B A SOUFWEST AIRLINES SUPPORT FORUM

>>50662167
>>50662179
>t. married to my "utility" shitcoin bags
so much cope

>>50661726
>talks about utility
>doesn't talk about the literal GOD of utility: RLC
OP is a faggot

>>50662200
>t. shitposter
Nobody has a crystal ball.

>>50661726
>Real life use cases
>HBAR, QNT, GRT, ICP and LINK
Pick one.

>>50662134
>midwit posting

>>50662527
QNT.

>>50662134
damn facts dude. 2017 fag here as well. was thinking this run is gonna be all utility and no shitcoins. turns out it got worse than 2017 with doge fever and then ape fever. seems like it'll always be part of crypto until there's some actual regulations

>>50662134
Leverage ruined it

>>50661726
You forgot FWT

>>50661726
No. Utility coins pumping is what creates the bullrun then it just becomes all about whatever shitty crypto trend is created

>>50661726
>HBAR
useless without government approving it
>QNT
solution looking for a problem. quantum computer threat is a nothingburger
>LINK
99.9% of uses will be useless when icp's cheaper and safer direct https requests become widely implemented
blackpill: any crypto is a ponzi that wants you to part away with the only thing that matters (BTC)

>>50662134
This.
If 'true' utility actually ever happened, regulation would step in and quash price action.

>>50663107
Regulation moves at a snail's pace. It stands to logic that the people who would benefit from a utility run are... those who are early to utility! Who would have thought?

>>50662947
>>50662947
>solution looking for a problem. quantum computer threat is a nothingburger
if you have no idea you should probably just keep quiet you fucking retard

>>50663156
if quantum computing is a threat to encryption every single digital system will have to be rebuilt, shitcoins would be the least of our worries at that point. also fyi post quantum cryptography is on the icp raodmap its just not a top priority rn.

ROSE has already started the utility bull run

>>50663123
>Those Chinese who built the railroads are rich now cuz they was early!

>>50662593
ICP will be talking directly to each blockchain and QNT is just an API used to avoid having to do this.

>>50663270
The Chinese weren't investors. They were laborers. Absolute state of that analogy. It makes precisely no sense.

my utilities sure are on a bullrun but I am short

>>50663279
remember these are the people calling you "polcel"

>>50661726
The only thing in your post with ANY “utility” is GRT and MAYBE to a small extent LINK.

This is why the “utility bull run” hasn’t happened and won’t for a while. Because fucking retards like you read bullshit posts and watch YouTube videos about shit like ICP and you actually get convinced that there’s merit to the project. You then “join the community” and proceed to make even MORE bullshit content about your shitcoin ran by idiots, and now any institution that actually has money that wants to pump the shit out of blockchain infrastructure has to wade through OCEANS OF BULLSHIT to figure out what projects actually fucking work.

You’re literally contributing to the delaying of the utility bull run with this very post.

>>50663409
here's a fucking retard that hasn't spent any time, or doesn't have the ability, to develop a canister on the IC and push it live

so full of shit you fucking losers are pathetic

>>50661726
There is no true utility in cryptocurrencies right now. Especially not outright vc scams like ICP and grt. At best you are getting unregistered securities without voting rights like Link.
The true dillema is that for a coin/token to have real utility, it needs to be worth the money, so have value outside of speculation. But if the price rises with increased usage, then using it becomes less attractive. So you can’t have a token be needed and increasing in price at the same time without network effects. But blockchains are an inefficient medium so transactions get ultra expensive over time, see ethereum.

>>50661726
There is no true utility in cryptocurrencies right now. Especially not outright vc scams like ICP and grt. At best you are getting unregistered securities without voting rights like Link.
The true dillema is that for a coin/token to have real utility, it needs to be worth the money, so have value outside of speculation. But if the price rises with increased usage, then using it becomes less attractive. So you can’t have a token be needed and increasing in price at the same time without network effects. But blockchains are an inefficient medium so transactions get ultra expensive over time, see ethereum.

>>50663520
>>50663525
jesus CHRIST

>>50663502
Nobody cares about your centralized bullshit cultcoin. Nobody is using it and nobody will. Continue losing your money as your shitcoin goes the likes of Waltonchain

>>50663538
Oh no I accidentally posted twice how terrible. Wtf is your problem?

how many paid posters against ICP can be in one thread

>>50663538
touch grass faggot

>>50663566
Nobody needs to be paid to FUD ICP faggot it’s a scam. Why don’t any real projects use it? Why is it just an insular community echo chambering itself into continually losing money?

>>50663156
see >>50663252
we're YEARS away from it being a real threat. and you can always fork any chain

>>50662134
it didn't get more stupid it got the same level of corrupt as the ico mania
dont ever doubt for one moment that the whole nft mania was created by whales and for whales
same with the defi food token yield farm bullshit, the speed with which it emerged out of nothingness should tell you all you need to know

and anyways it wouldn't even call 2021 the run of the nft's or defi i would call it the run of cefi in both nexo is insolvent variant and the (((evolution))) of the market to naked paper perps and mass leverage

this understanding will actually help us in the next cycle
for now its even more important then ever to use the not your keys not your coins to stop price suppression as such non ponzi staking coins like eth and link are in a prime position to have most of their tokens away from the manipulator platforms
and over time every leverage retard gets liquidated so thats a dying scam too
like others said utility requires users and as such isn't predictable by memelines on the price chart

>>50663520
Proving you have no clue how icp tokenomics work. If icp is 8 dollars or 8000 it doesn’t matter you are still buying the same amount of computing power when you turn x amount of fiat into icp and then to cycles. Also if the price does go giga parabolic and the tx fee of .0001 icp becomes a problem we can just vote to lower it.

>>50663696
I never said icp has utility at all. It is simply a vapourware vc scam. Everyone except bagholders like you knows this.

The point everyone misses is that even if/though some crypto projects are being "used", i.e. the companies are doing things IRL, has actually no bearing on the token price except by sentimental connection.

Which is exactly the same reason other coins move.


"Utility" is just a fag word for "fundamentals" which itself is a fag word for "sentiment manipulation". Which itself actually comes from price action in reality, kek.

>>50663906
>>50663914
It’s not even worth arguing with retards like you. You know you aren’t acting in good faith on this issue so when proven wrong you will just deflect and move onto more obvious lies. Plz gas yourself.

>>50661726
HNAR, QNT, and ICP aren't fucking utility coins you mong.

>>50661726

Idk... I'm scared OP...

>>50662134

Please, don't let it be true... ;(

>>50662447

Or FIL

>>50663947
>when proven wrong

I'll wait.

Been here since 2013 and yet to see any token move for any other reason than people buying in expectation of the price going up.

The absolute best model of "utility" that exists currently is something like QNT, and the best they can do is:

> we promise to use annual licence fee income to purchase QNT tokens from the open market.

That's it. That's the "utility" - completely shoe-horned bullshit. Last year its daily volume was 500mil/day for weeks on end, can you think how much in licence fees would be needed to move the needle on that?


I don't know why utilityfags are so determined to believe hocus pocus larpshit instead of just accepting how the market actual moves, and then making enormous profits from it. Isn't your goal to make money, in the end? Why the moral determination that coins need "utility", as though they're barrels of oil or a rare earth metal (both still primarily priced speculatively, actually, lol).

You should read Reminiscences of a Stock Operator as a good starting point.

>>50661726
>Where coins with real life usecases like HBAR, QNT, GRT, ICP and LINK will actually moon?

Those tokens have a single utility; making money for the scammers who created them. There is no problem that they solve.

The only digital currency that is worth anything is Bitcoin, since it's decentralized and an alternative to fiat. Everything else is a scam.

>>50664028
There are protocols with literally thousands of clients in the blockchain space. There are projects that virtually every other project uses. There are decentralized services that literally make blockchain run.

Why don’t you look those up and invest in them? How the fuck do people on this board actually do any research? They don’t basically. But because they spend all their time here they imagine they’re a “seasoned veteran” of crypto.

It isn’t even that hard to get “alpha” - go to fucking Crypto Twitter and follow 1000 people. Jesus Christ

>>50664028
BEEN HERE SINCE 2013 AND THINKS QUANT IS THE BEST EXAMPLE OF UTILITY LOL

>>50664078

Sorry, what has any of this got to do with making a profit from trading their tokens?

I think we're talking about entirely different things, that's the problem. I want to make money, and am very good at it.

You want to invest according to an abstract moral concept of "utility" regardless of whether or not you can profit from it.

The majority of people on this board are aligned with my way of thinking, which is why you get so much pushback when you bleat on about "utility".

>>50664062
>Those tokens have a single utility; making money for the scammers who created them

Correct. With the added point that we are lucky enough to be able to trade them as well and, riding on their coattails, also come out with a profit.

The companies MAY OR MAY NOT be doing something useful IRL, but that's entirely separate from the existence of their fundraising tokens.

>>50661726
ICP is the best buy out of them. And yes, the others will be good buys too. But to reiterate...ICP has the best tech out of any coin and will become a top #2 or #3 token in the next bull run.

>>50663520
Fool. You have no idea what actually happened. ICP was launched 2 days before BTC crashed the entire market. Also...FTX allowed futures trading on it a few days before IPC was even on the market. Smart money is buying ICP now.

>>50664028
QNT is an API.

That's it. It's "too hard" for them to directly integrate. ICP is doing that.

>>50661726
I dont know, but i do know blockchains are essentially useless without an oracle verifying off chain data.

>>50661726
Yes those tokens will still moon beyond expectations and RIDE as well, don't be surprised when you see your Audis, Porsche, Volkswagen with the holoride tech. and you enjoying the bliss of some mad ass edutainment innovative tech. with value and productivity as foundation.

>>50664028
>been here since 2013
>still reddit spaces
remember a time when the shillers actually knew what they were doing
pepperidge farms remembers

>>50662933

there are so many things attached to pump anyways and projects with good and relevant utility can ride on that

>>50662179
this is one of the reasons why ORE ID remains relevant to the space as regard identity theft or its related

>>50661726
Perhaps you should start paying attention to the utilities in the metaverse.

>>50662920
Probably because it's nothing

>>50663566
icp is definitely a scam!

>>50665448
Perhaps. Despite the criticis on NFTs, isn't it interesting how utilities are being drawn out of it recently, especially in entertainments

>>50662540
>it's midwit to acknowledge reality
kill yourself

>>50664028
>plebbit spacing
>here since 2013 when /biz/ didn't even exist
>shilling random shitcoin
pls sir no poo on board sir pls

>>50664180
>You want to invest according to an abstract moral concept of "utility"
That's literally the topic of this thread.

>>50661726
Link is the only coin you mentioned that is getting any real use.

>all the icp shilling in this thread
God damn biz sucks now

>>50667263
i think its safe to say most of these niches have their own importance, clearly Polygon has spotted something that's why its going on with the NFT support management with Ore Network

>>50667208
I'll like to see how big it gets in sports.

>>50661726
I would advise you stick to what best works for you. Web3 is the future, and this is going to become a hot pie. I see ANKR becoming the shinning star this year.

>>50667208
I'll like to see how big it gets in sports.

>>50667208
>>50667841
(I hope it doesn't end in disappointment)

>>50667624
>making money sucks

>>50667940
>Web3 is the future
undoubtedly web 3 is the future and projects in this niche will most likely get a shot at the forthcoming bull run

Utility bullrun is coming. FIL made the first step.
Get your OPCT ready, it's gonna be BIG

>>50662179
Well I believe we will eventually get there with this new web3 buzz, projects with products and services assisting in the developmental phase will likely be utilized accordingly.

>crypto
>Utility
Name a bigger delusion

>>50662933
This makes sense, I guess the shitcoin trend affected the NFT ecosystem so much but projects are building up the ecosystem again with products to assit creators with services such as minting, trading and cross chain transfer for a better ecosystem.

>>50665448
It also depends on the sector too NFT, web3, identity and asset management are all good sectors to find solid projects with utility.

>>50663270
>i'm a midwit so i'll pick on 90 iq trump voters
pathetic!