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File: 92 KB, 1216x624, icp death spiral.png [View same] [iqdb] [saucenao] [google]

56105616

Anonymous Thu Sep 14 17:44:53 2023 No.56105616 [Reply] [Original]

ICP has some of the best tech in crypto, and hats off to the community for sticking through a two-year price drop. Have you seen the Dragginz project? Probably the coolest web3 game out there.

But here's the thing: ICP is in trouble. The Internet Computer has 66 active nodes out of 92. Since last October, they've been getting between $1.5M and $3M every month from Dfinity, but in new ICP coins. The lower the ICP price, the more coins Dfinity hands out.

This is where the problem is. Dfinity promises these nodes a set dollar amount each month but pays in ICP based on its current value.

At $2.9 per ICP, about 20% of all new coins every month are just from these rewards. If the price drops to $1, that could go up to nearly all the new coins. That's a dangerous cycle, like what happened with Terra Luna.

The Internet Computer needs a new plan, and fast.

>>	Anonymous Thu Sep 14 17:46:17 2023 No.56105631 >>56105616 >ICP has some of the best tech in crypto No it doesn't. 3c

>>

Anonymous Thu Sep 14 17:49:37 2023 No.56105663

>>56105616
Just to be clear. At 1$ ICP will face 100% inflation. Right now it's at about 15-20%. We NEED to pump.

Also here are my sources:
https://forum.dfinity.org/t/node-compensation-and-runaway-massive-inflation/12609
https://kylelangham.substack.com/p/death-by-node-rewards
https://kylelangham.substack.com/p/death-by-node-rewards-part-2
https://dashboard.internetcomputer.org/circulation
https://forum.dfinity.org/t/node-provider-inflation-spiral/22949/42

>>56105631
?

>>

Anonymous Thu Sep 14 18:02:20 2023 No.56105754

>>56105663
>>56105631
>>56105616

None of you hold ICP, none of you have staked ICP, you're not part of the ICP community, if you actually held ICP on the NNS. You would have known about proposal 64141, because we vote everyday.
https://dashboard.internetcomputer.org/proposal/64141

>>	Anonymous Thu Sep 14 18:06:07 2023 No.56105789 >>56105754 The proposal is over a year old and has changed nothing. The longer ICP stays under 3$ the harder it will be to avoid hyperinflation. Instead of posting an useless shill help to save the protocol by raising awareness.

>>	Anonymous Thu Sep 14 18:06:31 2023 No.56105794 DRAGGINZ DEEZ NUTS ACROSS YOUR FACE

>>	Anonymous Thu Sep 14 18:07:44 2023 No.56105802 File: 22 KB, 640x426, 1690224644963847.jpg [View same] [iqdb] [saucenao] [google]

>>

Anonymous Thu Sep 14 21:14:11 2023 No.56107375

>>56105663
>we need to pump
then pump it retard
You cant because you are poor we know.
You call Dragginz the coolest project even though it has nothing to show for yet, aside from a founder willing to pump the project to get majority. I trust in dragginz but it hasnt shown anything yet worth that.

>>	Anonymous Thu Sep 14 21:20:45 2023 No.56107425 >>56105754 66 active nodes at 100k ICP a month is 6.6 million ICP that is being dumped every month

>>

Anonymous Thu Sep 14 21:59:14 2023 No.56107676

>>56105616
You mean the same inflation death spiral anons on here predicted would happen and icp shills said would never happen? Someone dig out the archives where anon said this exact scenario was coming. That had to be a couple years ago at this point. Lmao

>>	Anonymous Thu Sep 14 22:26:08 2023 No.56107833 I know we've gone from $500 to $2.70 but.. when is it actually a death spiral?

>>	Anonymous Thu Sep 14 22:31:46 2023 No.56107860 >>56107676 fuddies have been screaming about a death spiral in 2 weeks for about 2 years now

>>	Anonymous Thu Sep 14 23:22:28 2023 No.56108194 >>56107833 If ICP hits 1$ inflation will hit 100% meaning that supply will double every month. Chart would do a Terra Luna. >>56107860 3$ has always been the critical price

>>

Anonymous Fri Sep 15 00:23:51 2023 No.56108538

>>56108194
>If ICP hits 1$ inflation will hit 100% meaning that supply will double every month
Check your math retard. 100% inflation would mean supply would double every year. Max monthly payout is 100k ICP per node provider so the network will likely go offline due to the fact that running nodes is not profitable before ICP experiences 100% inflation.

>>

Anonymous Fri Sep 15 00:25:20 2023 No.56108548
File: 693 KB, 2080x1389, 1688069486272465.jpg [View same] [iqdb] [saucenao] [google]

>>56105616
>>56105631
>>56105663
>>56105754
>>56105789
>>56105794
>>56105802
>>56107375
>>56107425
>>56107676
>>56107833
>>56107860
>>56108194
>>56108538
>unironically buying something called I SEE PEE
LMFAOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

>>	Anonymous Fri Sep 15 00:40:38 2023 No.56108643 >>56108538 cope

>>	Anonymous Fri Sep 15 00:42:15 2023 No.56108657 >>56108194 >3$ has always been the critical price weird how it dropped below $3 and didn't immediately spiral to $0 from panic selling or death spiral

>>	Anonymous Fri Sep 15 00:43:41 2023 No.56108667 >>56108643 It's pretty realistic considering I just suggested that node providers would leave before hyper inflation. Holy shit all you can say is cope.

>>	Anonymous Fri Sep 15 01:41:00 2023 No.56109066 >>56107860 It has dropped 99.9% in those two years.

>>	Anonymous Fri Sep 15 01:49:31 2023 No.56109115 >>56105754 Why does a node provider need $300,000 each month?

>>

Anonymous Fri Sep 15 01:51:28 2023 No.56109124

>>56109115
This might be the first node provider scam in history- I finally figured out who is profiting From Icp since inception, (not including the futures ala Sam bankman) but node providers got a ton of pre market tokens, and continue to get millions of dollars a year to run a node?

>>	Anonymous Fri Sep 15 01:57:40 2023 No.56109159 Dfinity will just run out of ICP. They won't inflate the supply to pay nodes.

>>

Anonymous Fri Sep 15 01:59:55 2023 No.56109174

>>56109159
kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek. kek.kek.kek.kek.

>>	Anonymous Fri Sep 15 02:01:39 2023 No.56109186 >>56109159 lol. lmao.

>>	Anonymous Fri Sep 15 02:02:09 2023 No.56109193 >>56109159 This can't be real

>>	Anonymous Fri Sep 15 02:07:40 2023 No.56109226 File: 75 KB, 500x645, When its so savage you need time.jpg [View same] [iqdb] [saucenao] [google] >>56109174 >>56109186 >>56109193 Suck it. ICP will be a-ok. 2->2000.

>>	Anonymous Fri Sep 15 02:20:24 2023 No.56109321 >ICPoor nigger shill thread >Muh tech is superior Cope and seethe, you will never be pond

>>	Anonymous Fri Sep 15 02:20:56 2023 No.56109326 >>56109321 I don't think they want either

>>	Anonymous Fri Sep 15 02:22:14 2023 No.56109333 >>56107860 2 weeks in crypto is an undefined amount of time

>>	Anonymous Fri Sep 15 02:22:26 2023 No.56109334 >>56109321 Kek, both are garbage ngl

>>	Anonymous Fri Sep 15 02:22:35 2023 No.56109336 >>56109321 Paki nigger go back

>>	Anonymous Fri Sep 15 02:27:04 2023 No.56109361 >>56109159 We are reaching levels of cope that shouldn't be possible.

>>	Anonymous Fri Sep 15 03:14:51 2023 No.56109649 FUCK YOU BORT, FUCKING TRAITOR

>>	Anonymous Fri Sep 15 08:18:56 2023 No.56110934 >>56105616 >ICP has some of the best tech in crypto lol no, nobody actually uses it for anything. its useless garbage. >66 active nodes out of 92 and not even 100 nodes, its centralized. you have to be really really low IQ to fall for the ICPoor scam

>>	Anonymous Fri Sep 15 08:57:45 2023 No.56111035 >>56108548 Imagine taking financial advice from a literal low iq indian pajeet nigger (Raj)

>>	Anonymous Fri Sep 15 11:43:17 2023 No.56111629 >>56105616 >Teleporters

>>

Anonymous Fri Sep 15 11:59:27 2023 No.56111710

>>56110934

>Nobody is USING your shitcoin for anything. The opposite is true that is why ICP is fudded 24/7.

Openchat has 3000 + /biz/ members. What can your shitcoin do ? Uhh, yeah, exactly... move tokens from A to B, hoping some retard will buy your token at a higher price. That is why you are here, posting on /biz/ cuz your shitcoin has limited usage, can't build anything useful like an image board, discord, telegram, or any platform that brings people together.

Your shitcoin can't even host a fucking JPEG on the blockchain, you absolute nigger, but here you are spreading lies, terrified that ICP will one day absorb the total market cap of your shitcoin.
Smart contract capacity capped at few KB, costing a whopping $100K up to $73 Million + to host 1GB of data directly on the smart contract. No startup is going to fucking use your shitcoin for anything besides speculation and greater-fools.

ICP is the only AFFORDABLE, scalable chain that is designed for mass adoption. Adoption is slow, but don't come here spread lies that ICP isn't usefull, nigger.

YOU'RE TOO STUPID to argue about concepts like Centralization, if Cloudfare has an outage, half the shitcoins in this space become unusable. The good news is that the recession is going to hit amazon and AWS hard, AWS has already hiked it's price, your shitcoin-founder is going dump more tokens just to keep your lil-blackchain token operational.

>>	Anonymous Fri Sep 15 12:10:22 2023 No.56111770 File: 184 KB, 566x564, Untitled77_20230911162257.png [View same] [iqdb] [saucenao] [google] >>56111710 Based

>>	Anonymous Fri Sep 15 12:27:33 2023 No.56111888 >>56111710 Kek basado - Tm

>>	Anonymous Fri Sep 15 12:33:38 2023 No.56111919 >>56105754 crisis averted. carry on ICPchads

>>	Anonymous Fri Sep 15 12:36:05 2023 No.56111935 >>56105663 the price going down can only be good for the project the sooner we get to 3c the faster we can start recovering and doing it properly this time

>>	Anonymous Fri Sep 15 12:40:43 2023 No.56111962 >>56105616 >ICP has some of the best tech in crypto Both Solana & Algorand have a better, more adopted technology. Facts only