/biz/ - Business & Finance

>>53022217
>It's such a terrible shame that it's over.
This. Yanniv Tranniv stole all the query fees and my GRT coins are going to zero.
It's over.

>>53022217
i have like 10 g GRT and i have no idea if its a good bag or a bad bag

people fomo the coin and says its pros and i have no idea what they are saying

people fud the coin and say its cons and i have no idea what they are saying

no one ever explains the coin like i am five years old and i think that its because they don't understand what it does either.

something something indexing blockchain something something google of block chain something something yanniv is a tranny, something something grt is price controlled something something revolutionary technology, something something "actually has a usecase"

Anon, you really need to delete this thread. You are only allowed to say it's over.

>>53022217
is this bad? i don't even fucking know

>>53022396
The Graph's offchain indexing is currently limited to IPFS. The team unveiled a more generalized approach to offchain DA in a call a few months ago, but it's not in production yet. So for now, self indexing like this team is the only option for mixing onchain and non-IPFS offchain data in the same indexing process.

>>53022331
>no one ever explains the coin like i am five years old and i think that its because they don't understand what it does either.
1. Dev submits code to network.
2. Indexers use code to dictate how it should process blockchain data and creates API.
3. Dev queries blockchain data from API for a small fee.
4. Fees split between stakers.

>>53022546
1. dev submits code to network

you mean the grt dev? or you mean other devs of other projects who want to use grt to process blockchain data and integrate it into their code?

i'm assuming the second one.

>>53022633
The devs from other projects, mostly anyway.

I bought each and every single scamwick of this shitcoin and my only regret is it's over

>>53022331
>i think that its because they don't understand what it does either.
It takes your money and makes it disappear. Then you see it drop on a nice graph.

>>53022217
See the PRQ thread >>52993237

>>53023162
So in summary PRQ is a centralized piece of shit
>this is bullish

>>53023210
you not understanding the distinction between centralized and decentralized need in a blockchain indexer is what will make you stay poor over the next 5 years, compared to prq holders

watch the last 3 AMA's of the Parsiq CEO on youtube. he talks about why why prq is better than grt as a more centralized service

>>53023262
You not understanding the distinction between centralized and decentralized need in a blockchain indexer is what will make you stay poor over the next 5 years, compared to GRT holders.
>I'm going all in on horses that eat fuel
Fucking moron

>>53022217
i sold this scam when it was 1 dollar, the most profit I have done on a shitcoin, thanks for the money pajeets

>>53023297
You're braindead, but i'll be nice since it's Christmas
https://youtu.be/pVjvvujsHlA?t=1073
Money forehead will deliver us from poverty

>>53023322
Are you genuinely retarded or just paid PRQ shill?

>>53023262
you mean like the old hosted, centralized indexing service that the graph is replacing with a decentralized network of indexers? that was the real future?
without decentralization, what benefits are you hallucinating that you can bring over tradfi?

>>53023390
Are you able to counter-argument what he says without any disqualifying ad-hominems? If you're not able to do that, then enjoy your room temperature IQ
>>53023504
see >>53023322

>>53023322
My god if you aren't a paid shill you deserve to lose all your money.
You are betting on a centralized solution to a system entirely revolving around decentralization. Did you miss how everyone dismissed web3 because it was just web2 with muh blockchain strapped onto it? And how all centralized shitcoins turned out? And you're still betting on that for next cycle? Just lmao.
I have a 10k bag in PRQ as a sui but my god you're fucking retarded if you seriously believe it's good for anything but a pump and dump where even the shittiest of shitcoins pumps.
Just a hint to let you know how fucking stupid you are: you can create a centralized solution on top of a decentralized system, but can you do the opposite?
Now fuck off.

>>53023316
the best you've ever done is a 10x? big yikes famalam

>>53023537
my thoughts are that PRQ and GRT are probably going to wind up both being adopted and working in coexistence with eachother.

theres going to be a bunch of people who want to utilize centralization as much as possible because its literally better if youc an trust the people involved

and then theres going to be a bunch of poor people and autists who refuse to use centralization when possible because of political ideals or becuase they are poor.

and there are ALOT of poor people and ALOT of autistic people so the value of both will probably wind up being around the same.

>>53023525
In the video you posted he is saying PRQ and GRT can coexist btw. It's just that having a token for centralized solution is retarded af

>>53023537
The DEMAND for that solution is from centralized entities, faggot
I'm all for decentralization and my largest holdings are in BTC, but i'll be god damned if i'll pass up the opportunity to bank in on web 2 <-> web 3 bridge that is faster and providing more value to clients than GRT. Clients won't care if you're centralized or decentralized, and the decentralized part (PRQ token) is where we can bank in on the value. Clients will be obligated to buy PRQ to use the data.

I'm open to counter-argumentation, if you have any

>>53023612
You get it bro, cheers
>>53023613
Fair, but see >>53023629 for the centralized solution argument. Other than that, compare the market caps, and decide which one is a better buy; GRT or PRQ? Obviously Parsiq, and on top of that PRQ will get listed on binance eventually so it will benefit from a listing pump

Posting just to say it's over

>>53023612
If centralized entities don't want to use GRT because they don't want to deal with the token and/or don't care about decentralization, they can still use centralized solutions built on top of the decentralized network that abstracts away all the gritty stuff such as "unpredictable" billing, caching and troubleshooting, without having to give up anything but a premium.
>in b4 there is not such a solution
Yet. That you know of, anyway.
And here's a random, completely unrelated statistic: there are zero real decentralized applications at the moment, mostly because of a lack of infrastructure.
>Alexa, define "blue ocean"?

>>53023629
You are betting on faster horses and bigger floppy disks. And I'm just going to mention the data marketplace that will be enabled by subgraphs, which is something that is only attainable if the system is truly decentralized, without elaborating further. Does PRQ have anything similar? Remind me what the token is used for, again?
PRQ will pump simply because a rising tide lifts all boats, but if you think it will last or that it will reach its ATH again then boy you're in for a very good time, let me tell you that. And that's if they don't rug and don't drop the ball before that, which is a very big if considering you're relying on truly shitcoin tier pumpamentals, such as >>53023646 muh binance listing. Remember when you kept coping that PRQ would finally pump when it got on a real exchange? What happened when it got on Coinbase? Ready for a second round of that? I dare you to cope with muh bear market and that this time it will be different, you triple nigger.
>I'll be goddamned if I'll pass up the opportunity to bank in on web2 <-> web3
You can't even read the fucking op, holy shit.

Tldr it's over

>>53022217
Yanniv stole your money to buy Tegan titty cow lingerie and donate the rest to Israel. We all got fucked.

>>53024272
>>53024540
how is it over and how did we all get fucked? i hate how opaque the fucking crypto market is lol, i got other things to do then be glued to a taiwaneze basket weaving forum 24 hours a day to watch my investment of pennies plummet.

>>53022217
lol....

>>53024577
lol

>>53024540
This. He's also "donating" large parts of GURT's profits to trans rights activists and diversity and inclusion initiatives for crypto projects. In short, it's over.

>>53023629
You've memed by Omegafag my zoom zoom newfag fren. PRQ is like QNT, a centralized vaporware scam where token is not needed. It will scampump at some point but you're kidding yourself if you believe it's going to get any actual use as a protocol. In 3 years they couldn't get anywhere beyond telegram bots ffs. Also the "reverse oracle" tag line is retarded. Reading blockchain data, getting it offchain is trivial compared to getting offchain data onchain, so any comparison with Chainlink is also retarded.

>>53023629
You've been memed by Omegafaggot my zoom zoom newfag fren. PRQ is like QNT, a centralized vaporware scam where token is not needed. It will scampump at some point but you're kidding yourself if you believe it's going to get any actual use as a protocol. In 3 years they couldn't get anywhere beyond telegram bots ffs. Also the "reverse oracle" tag line is retarded. Reading blockchain data and getting it offchain is trivial compared to getting offchain data on-chain, so any comparison with Chainlink is also retarded.

>>53025041
Checking my j00 ID. Better heed my advice dirty goyim.

>>53025050
Fifty50, hmm i may toss a coin on this one

>>53024272
>Does PRQ have anything similar?
Yes
>Remind me what the token is used for, again?
Data lakes, dyor

Also, binance listing is the cherry on top, not a centerpiece
Listen to the last 3 AMA’s on their youtube channel and make your own mind up, i’m not tribalistic about this, just rational. Prq is the better choice if i were a business looking to parse data from the blockchain

PRQ is scam

Imagine being a real life company that needs requests almost instantaneously trying to deal with a decentralized shitcoin that has to constantly refresh to make sure it’s data is accurate.

OR

You could use the fiat on-ramp PRQ has gone great lengths to create to pull data quicker faster and more efficient.

Ever heard of a real life company caring about full decentralization? I haven’t either. Let’s not forget PRQ is pulling already decentralized data. There is 0 need to be fully decentralized when their is easier cheaper and faster ways to prove that the data being pulled has never been tampered with. That is the decentralization portion of PRQ that is needed called proof of consistency.

>>53025172
>Listen to the last 3 AMA’s on their youtube channel and make your own mind up, i’m not tribalistic about this, just rational. Prq is the better choice if i were a business looking to parse data from the blockchain
And hang up a picture of anal toy on your wall. Maybe even get a PRQ tattoo on your fucking face, perhaps even get paid for shilling PRQ. Not being tribalistic, just rational common sense bro, the fact that GRT threads are constantly raided by PRQ retards is just a coincidence. Kekek fucking desperate retards, you're fudding me out of my small as fuck PRQ sui bag... this is some low energy $5k pajeet shilling, it's honestly beyond pathetic, you're somehow even worse than the jeets creating totally organic replies with random pepe images shilling random bullshit in completely unrelated threads. Apply yourselves, come on.
>DYOR
Oh believe me I did, the PRQ blog post comparing subgraphs and data lakes is the saddest shit I've ever fucking seen. If you read that or any of that omegaretard's word vomit and your bullshit meter is anything below "FAGGOT SCAMMERS ALERT SELL EVERYTHING IMMEDIATELY" I'm sorry but you are simply beyond helping and are destined to be swindled for all of eternity. Anyone who chooses PRQ as anything but a quick pnd low liquidity shitcoin flip deserves to lose all of their money bakas, it is just how things are.

>>53025401
Oh man would you look at that, it's the braindead moron that claimed GRT could not go below 10c because it was in the smart contract or some shit. Make sure NOT to laugh at this retard and to take him very seriously, he surely can't be wrong about PRQ as well, kek.

>>53022396
>>53024577
>>53025401
yall stuck in 2020 time vortex or some shit, this fud is beyond stale

>>53025401
Alright, it's time to shut Parsnip shills the fuck up forever.

>Muh smart triggers

If Parsiq was valuable, every frontrunning bot, blockchain HFT, and data-intensive player in the space would be running on it. Fact of the matter is, programmatic preconf event triggers as a service aren't a particularly defensible or lucrative business, no matter how revolutionary Anatoly's approach to it is. "Do y the moment x happens onchain" is a relatively low-capital and commoditized value proposition.

This is why so many people do it in house, and why Parsiq has viable competitors. The company I'm at took the in-house approach because if instantaneous responses to events are mission critical, the latency between servers is a compounding performance liability. This concern for this niche use case applies to The Graph as well.

An example of a competitor in the event triggers space is EPNS/PUSH, decentralized and powered by The Graph of course, which has a similar market capitalization to Parsiq. We love them to death but nobody's under the illusion that they're a trillion dollar protocol, but /biz/ unfortunately has shills like Omega deluding Parsnips like lambs to the slaughter with hollow promises of such future gains.

For those who don't depend on preconf events, Parsiq must contend with The Graph and a sea of other players.

>Muh IQ protocol

NFT. Lending. Get outta here. The worst pivot in the history of pivots, maybe ever. Completely different token for some reason, probably to milk retail some more, with airdrops and staking for PRQ baggies as a consolation prize. There will be NFT lending in the future, but it won't be for the trash you bought with your life savings on OpenSea last year, and there will be far more mature, well-funded, and better connected players overseas facilitating the integration of tokenized offchain real assets with DeFi.

Not done yet.

>>53025401
>>53026554
>Muh Tsunami API

Maybe IQ wasn't working out, so the team moved to holistic blockchain data querying, congratulations! Parsiq is now competing with Covalent, Shillsquid, and every other raw blockchain data provider on the planet - but the others have expressed a commitment to decentralization, and bigger war chests to boot. Centralized blockchain data? Commoditized and indefensible value proposition, with extremely aggressive next-generation SaaS players on the horizon that even The Graph's team has been mindful of.

>Muh Data Lakes

Parsiq finally decides enter the fray of programmatic indexing, with a fraction of The Graph's resources and expertise, and as a centralized entity. It can likely accomplish more in the way of holistic data aggregation in the short term, by virtue of the fact that it isn't developing with decentralization in mind. But neither are the aforementioned next-gen SaaS blockchain data providers, and they're bringing a lot more technological bells and whistles, funding, and a ruthlessly sober assessment of the landscape informing their strategy.

>Muh fiat onramp

I'd be shocked if a SaaS company like Parsiq didn't have one. The Graph's team painstakingly built the core decentralized protocol, and now they're working on the UX around it, including fiat payments which will be made available before the hosted service is sunset. A fiat onramp is trivial by comparison to the work and research that preceded it, like a cherry on top of the empire state building.

Not done yet.

>>53026554
You literally just explained why Parsiq is better. Parsiq doesn’t have the latency and Parsiq is centralized enough where those companies/projects can indeed create their own in house data lakes. They can customize it themselves or Parsiq can do it for them!!! That’s why I keep saying Parsiq is superior for overall mass adoption.

You literally just explained why PRQ is better.

>>53025401
>>53026554
>>53026561
>Muh centralization

The issue with centralization in the application stack is that the entire stack is at the mercy of its most centralized components. A decentralized network with compromised inputs yields compromised outputs. Such was the case with Pokt.

Centralization as a means of protecting against tampering is introducing a trusted party. Trusted intermediaries give you Bitconnect, Celsius, 3AC, FTX. There are decentralized ways of proving data has not been tampered with regardless of whether the intermediary is centralized, decentralized, or whatever, because nobody who cares about data integrity should be trusting anyone, but rather verifying. The Graph is the biggest player exploring this space - in Semiotic we trust - but there are others.

I've said before that The Graph is decentralizing because it would die if it didn't, and Parsiq's high time preference strategy of centralization is going to cost it dearly, especially token holders who it doesn't share revenue with. By all means hold it for a quick buck in the next bull market, whenever that is, but this is not a hill of a project to die on, or a long-term winning investment.

>>53026561
I used to think a war chest mattered till I tuned into graph day and saw the 80% female employees doing absolutely nothing.
You’re literally just saying worthless bullshit.

>“It can likely accomplish more in the way of holistic data aggregation in the short term, by virtue of the fact that it isn't developing with decentralization in mind. But neither are the aforementioned next-gen SaaS blockchain data providers, and they're bringing a lot more technological bells and whistles, funding, and a ruthlessly sober assessment of the landscape informing their strategy.“

Here you’re admitting that PRQ atleast in the short term is better equipped currently. What makes you think the entire world will become decentralized maxis? If that ever were to happen the entire space would’ve gone through Parsiq already. So yes you’re right PRQ is the better short term hold which is really all that matters in such a quick evolve space like crypto.

>The Graph's team painstakingly built the core decentralized protocol, and now they're working on the UX around it, including fiat payments which will be made available before the hosted service is sunset.”

Why does PRQ already have a fiat on ramp while GRT doesn’t. I’d imagine your 400 employees and massive war chest could’ve already accomplished this. PRQ has already done it YEARS AGO.

Actions speak louder then words mate GRT is a shitcoin

>>53026603
PRQ will be partly decentralized with proof of consistency. The sooner you realize 100% decentralization isn’t necessary or needed when pulling ALREADY decentralized data is when you can finally take the red pill and move on like I did.

>>53026589
>>53026653
>>53026666
Cope. Parsiq strives to do many things because it lacks a killer value proposition that firmly sets it ahead of its competition.

Its "proof of consistency" is not documented, and its centralization thesis boils down to "data centralization is good akshually because you can trust us to maintain your data, unlike those pesky indexers."

>>53026762
Oh kinda like every major data provider in the world. Your decentralization is not going to be mass adopted. It’s time to get back to reality

>>53026862
Screencapped for posterity. Web3's due for a winter, but DeFi is inevitable and the global standard for indexing its activities is not Parsiq.

>>53026589
>>53026653
>>53026666
>>53026862
Omegafaggot irrecoverably BTFO. Dumb nigger brainlet doesn't understand he bought a shitcoin. Or rather he's a kike faggot trying to rope in newfags to dump his fartshits on. Kys you fucking nigger.
sneed

>>53026982
i don't know dude, i 've worked in crypto somewhat and 100% decentralization is a fucking nightmare, i kind of hate the false dichotomy between "decentralization" and "centralization", clearly having more options regarding decentralization is good especially when we find out that a centralized group is untrustworthy, because then we always have a way to off ramp our support from them to the decentralized form.

but at the same time, decentralized infratructures often flounder or are aimless and lack the kind of growth and focus that a centralized body has, and so centralization is nice to off ramp to when decentralization is unoptimized and needs to improve, and centralized group provide a kind of goal for decentralized infrastructures to aim towards and try to emulate.

thus i'm under the opinion that PRQ and GRT will coexist.

>>53027086
>t. doesn't realize that fartshit has been around for years now and has nothing to show for it
They'll "coexist" in the sense that GRT will actually continue being used by dApp developers and fartshit will be a collection of unused software with a token worth zero dollars.

>>53027204
well i mean, i do have alot more GRT then PRQ but like, if the people behind PRQ are at all competent or ever become competent, i can see some people with money wanting to use an organization of people they can hold accountable as opposed to a network that they can't hold accountable.

>>53027215
>if the people behind PRQ are at all competent or ever become competent
The probability of this is zero.

>>53027226
how are you so sure? the only way to test that is how they perform working with clients of which there is not much currently to work with because people are still struggling to figure out anything actually useful to do with blockchain. besides email for money of course.

>>53027240
>how are you so sure?
I held PRQ last bullrun. QRD on things promised by the team:
>Tier 1 exchange listing
Never happened
>Partnership with big client
Lies, never happened
>Big tech big shot Evan Cheng as new advisor
Literally never showed his face, nothing ever came of it if it was even real
>IQ protocol
Absolute nothingburger only released on BSC and not even on ETH
>various other promised features
Never delivered and the only good engineer they had, Anatoly, left the project.
Even if their new ideas were good, we know from experience that they're going to fuck it up. Have fun bagholding your fartshits.

>>53022546
Don't just put the same complicated info in bullet points,

>>53027296
didn't GRT also make a bunch of promises that were unfulfilled? isn't that kind of what alot of coins do?

what i'm more interested in is seeing the technology fail or some considerable problem within the infrastructure, and given this is a centralized project, i can concede that of what you mentioned, anatoly leaving is atleast of note.

i still feel that we need atleast another bullrun to truly determine if PRQ turns out to be a failure, so i cautiously purchase some PRQ just in case, not anywhere near as much as GRT, but some.

>>53027086
You're correct about coexistence, particularly since softer forms of vendor lock-ins are natural, and SaaS is indeed the inspiration and performance target for decentralized services.

Decentralized infrastructure - The Graph included - has a way to go before maturity is to broader industry standards, and so there's room for SaaS services as a stopgap for certain use cases. SaaS is a much more crowded and competitive field, however, and I believe that on a longer time horizon the innovators in decentralization will be rewarded if they survive and diligently deliver by virtue of having less serious or skilled competition in the realm.

Parsiq will do alright as a company for at least the next few years, but the token's a financial suicide mission.

>>53026603
Thanks for effort posting.
>especially token holders who it doesn't share revenue with
This is all you need to know

>>53027470
>complicated info

>>53027567
>This is all you need to know
Pretty much.

>>53027567
Do you not realize iq protocol was created to share revenue from the fiat on ramp. Where is GRT’s fiat on-ramp? That’s right it has none and you get paid through ENDLESS INCREASING INFLATION!!!!!!

>>53026603
it also gives us binance.

Even after bitconnect, celciius, 4ac, ftx, and others, people still mostly keep their coins on centralized exchanges because it feels less scary to put it in the hands of other people then it is to put it on our own shoulders keeping track of trezors and seed phrases.

likewise, i can easily see years from now, expensive organizations wanting to put their indexing in the hands of a company in stead of making it their own responsibility.

>>53027531
>SaaS is a much more crowded and competitive field
>innovators in decentralization will be rewarded if they survive
>but the token's a financial suicide mission
Indeed, decentralization won't be optimal in everything but thinking you need token for centralized solutions is just silly.

>>53027617
whats wrong with a tokenized stock?

>>53027634
Probably nothing wrong with quick swing trade. Lack of clarity around the regulations is one concern for long term.

>>53027634
Funny right. They’ll take tokenized real estate. Tokenized currency. Tokenized images, tokenized everything. But they draw the line at tokenized stock or a tokenized company.

>>53022633
yeah, the latter.. The idea is to be like a standardized, turnkey, ready to use go-to solution that reduces a lot of the fuss of project bootstrapping. Projects theoretically can, and presumably have, set up and used their down GraphQL indexing solutions (or competitors), but GRT is intended to make things a lot easier... and has the first mover advantage

>>53026603
Based beyond belief, parkeks seething already. Capped for future BTFOing

>>53027491
Unfulfilled promises such as...?

>>53027086
It was a fucking nightmare because of a lack of infrastructure, as GRT (and other protocols) matures it becomes easier and easier and will open up many more possibilities, to the point that having to deal with your own servers, or depending on someone else's servers, will be one of those things we can only look back at in disbelief that we seriously did things that way.

>>53027600
>>53026862
If you seriously believe this you are beyond help.
>muh faster horses
Bagholding retard.
You are still using 2020 talking points and fud, and I'd say you're only fooling yourself if you weren't hellbent on dragging down other anons with you. Shame on you, you deserve everything coming your way, faggot.

both GRT and PRQ are cheap right now and look like they have bottomed
worth getting a bag of both just to hedge bets

>>53028751
Both PRQ and GRT are buys. You're a moron if you buy only one. Buy you're also a moron if you bet on PRQ to beat GRT in the long term. Nothing more.

>>53028751
This. I bought big bags of both. Anyway the industry improves, I will reap rewards.