/biz/ - Business & Finance

Time to die ICPoors

Its dead already. Just move on.

>>56122028
>tl;dr
- Dom's dodging the big issue: ICP's weird tokenomics is setting us up for crazy inflation
- forget short-term sells; the real threat is this messed up reward system tanking ICP's value long-term

Icypoop is a dead scam. See here: https://www.arkhamintelligence.com/research/reports/icp-report

>>56122028
Cicada planned this it will go to 2.22 and then noon from there

>>56122028
Why don’t ICP, XRP and Chainlink join forces to make up the unholy “2 more weeks” alliance?

Total shitcoins desu

>>56122085
This. I took the loss and moved on.
t. 2021 fag, made 6 figs off dog bat and Harry obama 2021 bsc version

>>56122028
who da fuq cares?!

>>56122028
>deploying more capital, steady lads
Lmao

yeah, im just gonna keep buying icp. I know, i know... its jsut.. im just going to keep buyign more icp is all

market prediction y'all

I will be completely honest now.
I think all of us, ICP holders, deserve a death spiral now, think about it, this token has been the shittiest most uncomfortable hold since I boughted GME (now I bought Link which I hope is my 3rd LAST mistake).
I think I have something in me that drags me to those failed investments where I keep clinging to something that will not happen (price increase) and simply get too exhausted to keep holding, there is no good words that will make me feel good about ICP's project after I already saw the price going from those 40's where I started buying, then I thought 15 was a good entry point, then it was 6, now we are at 3 DOLLARS (HIGHLY INFLATIONAL DOLLARS).

Why did I say I and all other ICP holders we deserve this death spiral. It would be the greatest way that we can exit this coin, imagine this, we were been lied to since the moonman days and kept going goin going. We fucking deserve a magical death spiral to crash us so hard that maybe, MAYBE, we learn the lesson for our future investments.

I am 100% hopeless on this project, there is nothing left for us, even the fudders probably already are not laughing anymore and are even just thinking about how sad it is. It is sad, very sad.

>>56122028
I think icp has another 6 months of downtrend left and the price could easily go below $2 at this point
I do expect it to recover in the 2nd half of 2024

>>56123195
Sadly deep down I know that ICP may recover but only if crypto does. And that I'm not sure of

ICP:
>run a node for profit risk free
>never worry about new node providers out-competing you
>dump ICP as soon as it hits your wallet because you have no stake in the success of the token

Bitcorn:
>Invest in top-of-the-line ASIC machine with a big risk that you won't ever mint a single BTC
>Compete with the globe for the chance of a block reward
>Hold any BTC that you've mined for the price that you know it will it at a later date due to halvenings.

Gee whiz guys, we can't figure out why -- despite the marketcap staying high -- ICP's price keeps going down. No worries though, only 17% of the rewards given are given to node providers!! (wait, 73% of the rewards given out are passed to people who participate in governance?)

>>56123195
This is fud

>>56124253
The signs were all there from the beginning.

>>56123195
To be honest, the tech is the best I've ever seen in crypto. But dfinity already made hundreds of millions off retail and it seems the narrative is now they will let ICP vanquish and blame it on seed investors selling/FTX manipulation.

>>56124580
>they will let ICP vanquish and blame it on seed investors selling/FTX manipulation
the scam must go on

>>56123195
>hello fellow goyim, I am experiencing fear, uncertainty and doubt and sold all of my ICP tokens, you should too

>>56125013
ICP has tokenomics similar to LUNA where they print more tokens the lower price falls. People should just be aware of it

>>56122115
The Scam Triumvirate

>>56122113
This

>>56125325
The whole point of this thread is that the orange line in that graph is starting to climb vertically at an accelerating rate you retarded shill.

>>56125339
Not meaningfully. The graph covers 12 years and you're myopically focused on a recent development caused by a temporary crypto bear market trend. Did you even think how when the price goes up later, fewer and fewer ICP will be minted which will counteract the amount being minted right now?

>>56122028
How do you know Dfinity don't run 100% of the validators, and just won't sell ICP bellow a certain level.

>>56122113
That Cicada3301 is a larp, he never once mentioned ICP in his quests.

>>56125641
>Maybe the network is 100% centralised so this doesn't matter.

>>56122028

Not worried, considering how far ETH has come in 10 years, despite ETH foundation almost went bankrupt twice.

Eth foundation collected bitcoin during the crowd sale, when bitcoin fell, it almost wiped out the treasuries. The code was buggy, no funding to check for vurnabilities which lead to the DAO hack, this event should have killed ETH but it didn't.

ICP has flawed bidenomics, and proposals are being made. As long, ICP keeps making ground-breaking innovations, and focus on security, ICP will keep making other chains obsolete.

>>56126170
It's still overvalued as fuck. It'll be a good buy at like 10c.

>>56126215
Value is subjective.

I owned a lot of ethereum, it had all the hallmarks of a scam from satoshi's perspective, premine, infinite supply, BDFL, crowdsale, it succeeded despite all the odds. ETH should be $0 but here we are.

Ethereum succeeded because erc-token standard onboarded a lot of new users to crowdfund new protocols for the Ethereum ecosystem. ICP is exciting, it allows users to crowdfund not just tokenized protocols but websites, games, music directly onchain, governed by a D.A.O, opening new markets that do not exist yet.

>>56122028
very concerning
bought 200 more yesterday

>>56122028
reply on Dom's post with another screenshot of this bread you made. he needs to be aware. i want to play the shitcoin casino when the bullrun returns but it looks like ICP is about to be dead before arrival.

>>56126373
yeah. 1 thing I'm learning to account for is liquidity/supply liquidity can be counteracted by stupid volume.
I hold 1000 ICP though I don't understand where the value will come from now that I understand how cheap gas is.
If it takes off though I guess it can do well. Asymmetric bet.

>>56125325
>>56125339
why is so much being burned in this chart?

>>56126373
>ICP is exciting, it allows users to crowdfund not just tokenized protocols but websites, games, music directly onchain, governed by a D.A.O, opening new markets that do not exist yet.
*Blocks your path*

>>56127267
gas is cheap because crypto is dead for now. bear market = volume all time lows. did you forget the peak bullrun where people had to pay $200 for a simple transaction? no gas fee is going to be a life saver and all the poorfags will switch over just like they did with BSC.

>>56127309
because its projected by 2030 that the IC is matured and hosting hundreds of thousands of websites/dapps. that means millions of ICP being burned yearly. every website deployed needs ICP to be powered. you burn ICP which become cycles. you use those cycles to top up your canister/smart contract and viola your website is live running completely from the blockchain.

>>56122028
Did ANY coin perform worse than this piece of shit?

>>56127398
cool hope it works

>>56127337
I have seen this space evolve from decentralized DNS (namecoin) to P2P-filesharing, to P2P microblogging (twister) to decentralized P2P filesharing LBRY (odysee)
Been here long enough to know that /biz/ doesn't care about decentralization, censorship resistance, or ownership and technology that uses bitcoin, BitTorrent, and onion addresses.
Been in this space long enough to know that the amount of newfags only care about one thing, the next ethereum, the next binance coin.
I've seen it all, openalias, twister, they fail to gain mass adoption, because there is no money for marketing.

>still $5k underwater on my ICP hold
F U C K this shitcoin, it only goes down

>>56127803
ROSE desu

The funny thing is even node ops wont stay above water for long. When each node is paid 20 million icp which they dump on the market and the coin is .000002 cents no one will buy. Theyll be trying to sell but no one will buy it so whay will dfinity do then? They arent making any revenue. Its you guys buying the coin allowing them to dump. Dfinity holds enough coins to vote any proposal how they want. What they NEED to do is submit a vote to change the node payments and then pass it. They will take one of 3 routes 1) control the vote and fuck over NOPs who leave the network forcing dfinity to run it using the money they made dumping to avoid jailtime for defrauding investors, this will kill any centralization claims. But the network can hobble along while they try to get adoption 2) they let it deathspiral but start spinning up their own nodes and tell existing NOPs hey, sorry youre being kicked from the network and replaced. Same reward and inflation problem, same centralization problem. But they can stop node op dumping this way and ensure only retail investors are contributing to the spiral. Either way with those two solutions, the mask is off. This is centralized tech and will die without adoption from enterprises who bring revenue and create token burn. 3) do nothing and this scam dies and becomes a bitter memory. Hopefully SEC takes what they made as penalties. Dfinity is still centralized and a scam but they wash their hands of it and pretend its not and its at least less obvious that it is one.

Either way, this shit is done. Its GRT level. We are going to be lucky to get to 10 dollars. 100? Never happening. 1000? LOL.

Anyway I have no one to blame but myself for the roughly 20k i lost on this shit.

>>56128140
Will kill any decentralization claims*

desperate icp fud makes sense with the upcoming eth integration i guess. Was kinda the same when ckbtc was coming up. All dust in the wind. But i bet some losers are actually sweating right now tweeting at dom that he has to manually fix it. Nobody ever did that to vitalik, know why? coin only went up early on. Its just jeets that want quick money complaining.

>>56128140
F

>>56127953
it would be nice if there was a single internet protocol that gave us everything about those.
btw check out pktc*sh, decentralized mesh net, I think it's useful for routing privacy.
It's not clear to me that ICP is censorshipresistant, see: >>56127337

>>56122028
Wait rewards are in USD but given in ICP? Have we not learned from so many other algorithmic coins and stable coins? Of course this will death spiral because stakers are perma sellers, you're retarded if you're not selling. I didn't look up the tokenomics, but if it's true then this will be an even better money printer than tera if you short since it won't be delisted and halt trading.

>>56128630
It can be censorship-resistant if Dfinity allows boundary nodes in countries whereby local jurisdictions just simply ignore DMCA.
Countries like China, Russia, they don't care about DMCA.
ICP is the only chain with an extensive functionality set right out the box, http outcalls no need for oracles, built-in index and query, and no need for a separate protocol that only does indexing.


Privacy for Bitcoin ? Yup, mesh networks with samourai wallet, or blockstream satellites, private ISP's or running a ronin dojo node. Wonder if the new Huawei Mate 60 with satellite capabilities can be used to privately send bitcoins with radio signals.

Everything is going to plan.

>>56127267
Just keep holding, the amount of money you have spent on 1000 ICP is trivial when the risk to reward is pretty exponential. ICP is really that good, despite the flawed Bidenomics, which I think will settle over time, there is a lack of innovation in this space. Legit innovators like Dominic Williams are being called scammers tells you a lot about the people who call themselves 'investors'. Before Dfinity formed before Dfinity was renamed to ICP. Dominic was working on a project called Pebbles, ICP's early prototype dating back to 2012.
I believe Dominic is innocent and this coming from an oldfag who has seen it all.

>>56128886
cool, when are those nodes going up?
it's a europe country that runs the local bitcoins webpage. there are options.
moracco is super crypto friendly.
>>56128967
yeah the more I researched it the more I'm intrigued by it. It seems it can only really take off as censorship & downtime increases on other dominant networks but that does seem to be the usual standard.
I'm feeling pretty burned from algo's foundation screwing things up but I'm hoping ICP does a good job at making a new internet - something no other chain has come close to doing.
Saito was doing research in the area (cheap data storage, prunable chain) but had tokenomics problems.

>>56126664
someone already did. let's see if Dom responds. https://twitter.com/ohiimRave/status/1703426763580391812

OP here under other IP. Just to be clear, I'm still holding ICP and believe in the tech. It's the most innovative and legit crypto project I've come across since ETH.

We are just in danger of getting LUNA'd if prices keep falling. Maybe a proposal can be drafted to adjust tokenomics.

I walk past their office every day. They have the largest DFINITY sign in their internal area. They always keep the doors closed to keep that hidden.

>>56129100
It can't even host an N64 Rom lmao

>>56129295
What is your analysis?

why can't you people just be normal and buy LINK for the long term, it isn't hard ffs

>>56130358
JSON parser vs new centralized internet.

take your pick

>>56130390
IQ checks out, I don't know why I said anything

>>56129630
ngl

>>56122028
icp is the prime example for 2020+ vesting scams. emit tokens => dump em on naive retail sheep => profit
sorry bagholders you got scammed and now cannot let go due to Stockholm Syndrome

>>56127803
SQUID token

>>56122872
>yeah, im just gonna keep buying icp. I know, i know... its jsut.. im just going to keep buyign more icp is all

>>56130646
This but unironically.

>>56122028

It's coming, dfinity is under investigation for fraud and misappropriating funds.

There are several complaints on the dfinity forums concerning node providers being blacklisted after the owner spent 10's of thousands on node hardware.

People who invested in nodes were often denied from running nodes even after dfinity advertised all they needed to do was buy the hardware.

>>56130646
Based on my decision tree, I don't have a choice but to keep DCA'ing.

>>56122872
I remember when 1k ICP was considered a king. Imagine how much this shitcoin has fallen that now need 50 times more that to make it. Sad.

>>56127953
Apparently you haven't been here long enough to realize marketing in a bear market is pointless and ineffective. ICP launched literally at the end of the bull market and has never been in one. The only people thinking about crypto are schizos, turbo nerds, and unshakeable baggies. Which is barely a small fraction of what we see in a bull market. You impatient faggots need to wait another year, keep accumulating and quit bitching in the mean time.

>>56131049
That picrel is from a demoralization shill.

>>56125615
>a temporary crypto bear market
lmao, lol even

We all realise these prices are penny to the dollar right? These were the prices I was buying before last bull run.

I put in pike 40k USD at $24 thinking it was pretty much the bottom. But now... this board is moving slow there is some intelligent discussion and it feels Jewish buying at these prices.

Seriously, cut-down on fucking whatever and stack at these fucking prices

>>56127803
It's hard to beat -90% three times in a row.

>>56131517
Way ahead of ya. Get 3k pees, trying to stack up to 5k before the bull run (ICP is not my only hold, I'm also stacking several others). Wagmi
>Verification not required.

>>56131607
I'm sitting at a bit over 5k.

Made a nice little stack when that dumb gook was spamming the proposals every day. One reward was like 500ICP or some shit.

Also have some SNS, no idea if if will be worth anything but holding for memes

YGMI!

Remember, don't swap for shitcoins. This is what you swap shitcoins for. Just stack, hold and you'll make it.

>>56131517
Bottom??? kek. this shit still has 1.3bn marketcap. Yes you heard right. 1.3 BILLION marketcap. LMAOOOOO
The dumping will never end, stockholm syndrome ridden bagholders

It seems that it's a perfect time to buy more ICP bags.

>>56122028
>paying by dollar amount by minting new coins
>infinite supply
what could possibly go wrong?

>>56122084
avax also has death spiral inflation

>>56132539
no it doesnt, the token is also needed unlike the ICPoor token

>>56131815
>>56132539
>>56131517
>>56130683
>>56130646
>>56130624
>>56130624
>>56130455
>>56128140
>>56122028
Dfinity just tweeted a picture of them eating fancy dinners

>>56134341

>>56134341
I don't understand. The company isn't profitable so how can they afford that? Are they making the employees pay for their own food?

>>56134341
Would bang bottom left

>>56134341
how do white people get fat when they eat tiny portions

>>56134341
THEY ARE BASICALLY MOCKING US

>>56134341
Oh nononononono
It's unironically over

>>56134509
SER

2 years of pain holding this coin, I have 10,000 of them now.

This "new internet" is controlled by one single man, Dominic Williams, via controlling stake majority of the NNS. Explain to me how this is a good thing.

>>56136368
>Explain to me how this is a good thing.
okay
>he whips his black employees
>he wants to recreate the 3rd reich on the block chain
>he once drove an employees car into a lake and didnt even buy him a new one
need I go on?

>>56134341
selling my icp at a $500 loss, thanks

>>56136398
yes please
the car thing is hilarious

>>56122028
Fuck icy pee the internet is already decentralized as it is, and icy pee isn't decentralized anyway

>>56122028
>>56122099
ty
Icypoo is a scam, only midwits and desperate pajeets think it's worth anything over 3 cents

The coordinated fud on the best tech in crypto has exceeded all expectations. I never thought we'd be accumulating at these levels. Excellent work all around gentlemen.
You all know what to do in the next phase. Look for the baboons claw, that will be your cue.

>>56131517
we all realise ICP is now even less with the inflation is taking place

>>56138315
I’m going to keep buying even more if we continue to go lower, doesn’t really matter though because I’m content with my current stack so either up or down and I’m chill. I would like at least till the end of the year to keep buying this low though. Man we have come a long way, I remember before I even started buying I prayed multiple times that I would be able to afford a 1k stack, ask and you shall receive.

>>56134341
Mozarella vibes

>>56140309
Based school computer cart poster.
>Ask and you shall receive
This resonates with me strongly. I'm DCA'ing.

>>56137462
>listens to insane clown possee for 12 hours a day through giant speakers in his office
>wears an eye patch in the dfinity office and walks around with a cricket bat
>required his employees to turn in their pillows to him so that he can sleep better at night
This man must be stopped...

>>56141376
I was worried that was in a hospital for a second

>>56141411
checked and kek

>>56128010
rose perfectly normal altcoin who had multiple bear market rallies and opportunities to make 2x 3x.
nothing bad with rose, it's good.

you fucking retard haha

>>56141411
>This man must be stopped...

Fundamentals ain't changed. Icp is the best tech in crypto. Nobody can dump forever. I'm dumping whole ass paychecks into ICP until we're back over $100. Could be 5 months. Could be 5 years. No matter what I'm walking away a multimillionaire. Set for life. Big titty pimping. The fundamentals ain't changed big dog. Icp mogs all other cryptos to the point of embarrassment. We will have our day in the sun and it shall be glorious. Truly such a blessing to sow seeds at these levels and accumulate. The harvest will be bountiful and girthy. IM THROBBING WITH ANTICIPATION just thinking about it. Eth 2017. Btc 2010. This is the now. And I am. And so are you. All shall bend the knee to ICP. So it has been foretold so it shall be. The schizo ramblings of prophecy vibe uncertain until rapture. But then it will be to late. Pee. Pee as far as the I can see.

>>56140822
Finally! How did it take so long for someone to reference this. Fucking newfags.

>>56122084
fpbp

>>56144734

thread still up?

>>56143760
white people are so gross lmao kek

>>56136354
Coping and seething