/biz/ - Business & Finance

here's the real everest spoonfeeding: it's a dead project from the previous bull run (not that it even pumped very much back then kek), and anyone shilling it now is trying to scam you

>>56126697
Everest has a partnership with Oracle Financial Services, completely separate from Oracle for Startups.

https://www.reuters.com/technology/oracle-unit-partners-with-everest-bring-blockchain-banks-worldwide-2021-07-14/

Oracle will be White Labeling Everest's utilities as a service they'll offer to their TradFi banking clients. These services including Identity, Crypto Account/Wallet creation, KYC/AML, Fiat on/off boarding

As these services are built through Everest's Chainlink Node by proxy many TradFi banks will be onboarded to Chainlink through Everest.

>>56126690
Chainlink is currently like having an Internet except the Home PC doesn't exist to use it.

Individual people NEED to become Data Points to properly interact with Smart Contracts or else the network will be Sybil attacked. (Using multiple wallets to game a Smart Contract to one's favor)

Sergey Once Said: There is a very large Universe of Usecases looking to be connected to front ends that prove who somebody is.

Prove who somebody is = Everest
and you can access that large Universe of Usecases = Chainlink

The EverID wallet already provides Identity and proof of Unique human with it's biometric design.

Identities can be directly queried via Everest's Chainlink Node:
https://developer.everest.org/#everest-identity-oracle

All that is missing is Everest's pending Identity Widget to easily onboard & query users, from any website/app. which will also be able to verify Social Media Accounts. (Social Media verification will go a long way helping Chainlink Functions because Web2 Data/ is corrupt, full of bots/multi=accounts making false interaction data)

>>56126690
>Calvin
>mac plus
What's going on here. Why didn't they use the standard UML symbols.

>>56126724

>>56126690
The sheer tokenomics of Everest alone guarantees that one day 1 LINK = 1 ID. There are only 800,000,000 ID tokens which will be systematically burned by usage of features on the Everest platform, i.e. regulatory compliant KYCing. Not to mention every single institution in crypto and the legacy world wanting to onboard into DeFi will be forced to stake 250,000 tokens if they want full access to the features of Everest. It is not only well within the realms of possibility that 1 LINK = 1 ID given these tokenomics compared to Chainlink’s 1,000,000,000 model - it is an eventual guarantee. By the will of Kek and the All Father, this manifestation is destined to take place. Even if it takes Chainlink dumping further.

>>56126703
everest market cap: $1,556,581
it's dead, jim

>>56126751
EU passed a bill requiring KYC/AML + Identity Verification for all payments to crypto services over 1000 Euro:
https://www.coindesk.com/policy/2023/03/27/eu-lawmakers-to-vote-on-limited-ban-on-self-hosted-crypto-payments/
>Under the current proposal, traders would be forbidden from making or accepting anonymous crypto transfers over 1,000 euros (US$1,080)
> If the customer's identity can be verified or if a regulated crypto provider is involved, the transaction would be allowed.
>Crypto transfers among private individuals – such as large payments between two friends – would still be allowed. (Just be careful not to be friends with any arms traders)

This is a preliminary before MiCA is passed later this month, and earlier last month the Data Act was passed making all of these laws apply to Smart Contracts + DeFi.

Everest is the ONLY provider that makes meeting these requirements available as an embeddable service for others. In short term most of the industry will need to implement Everest.
>"But shill there are 100s of KYC providers. LMAO even"
Identity verification is required. These KYC providers don't match the user to their Identification, honeypot for fraud. Everest's biometric wallet creation limits to 1 per user & matches the user's face to their ID.
>"Le X DID can do something like that"
Great, are they licensed to provide KYC globally? No they arent. Banking institutes wont accept the risk of a bad KYC from a random provider. Everest is certified to provide via its MFSA license, Le X DID can meet standards by partnering with Everest.
>"Dapps will never have to comply with this they are anonymous!"
You think the regulators don't know where the developers live? Tornado Cash was ripped apart with Devs tossed in jail within hours. The Data Act was passed, they fall under these rules.

Everest has already won the regulation battle before the battle was fought.

>>56126751
Everest is the only entity on this list with banking license and therefore the only one that can verify identity in a way that big banks will accept. They were also smart enough to get the license in Malta which means they will be grandfathered into the EU system as a bank once MiCA is adopted. I realize that most of /biz/ is too stupid to understand the implications of this but once you've spent a few hours reading the actual legislation and listening to what central bankers have been saying it's obvious that they are the first movers in this space. Note that this is a separate issue from privately issued programmable stablecions/private CBDCs where they have another first mover advantage since they can issue tokens that never leave custodial services and therefore aren't considered a threat by central banks.

>>56126751
everest hasnt been completed yet, they are still working on it ALOT. you can call it struggling I guess(I would say thats wrong as team isnt doing any fundraising/advertising of any kind) but you cant say its dead.

just move on

Bob himself will move on before you discord/telegram bagholders lmao

It just hit all time lows and some whale has 7,000,000 to dump lol

what pattern is this

>>56126850
The whale has finished his dump
The problem with the Everest community is not that they are gay, nor that they venerate a token that has performed poorly, run by an alleged goatfucker. No, the problem with the Everest community is the Reddit-tier egregorical dominance. There is less than 30 active people in the community at present, and only around 5 of which who do not share this juvenile understanding of memetics. Chainlink saw a similar manifestation in the early years, but the distribution between the hylics and the pneumatics in the community was significantly less severe than it currently is in Everest. Unfortunately I do not expect this trend to slow down. As with The Decline of The Link Marines, Everest’s own experience with normie followers will accelerate until it is completely overrun by hylics willingly posting their faces on Discord and Twitter, and such. The primary hope for Everest’s memetic consciousness is a bear market so distraught, it drives the Pajeets and controlbots away from /biz/ for such a time to allow ascended anons to migrate back to the board and see the world. For now we observe the three castes of the Everest community; The Fudders, who whether ironically or not; proclaim Everest to be a scam, The Reddit-tier hylics, these are those who make up the bulk of the community. They are positive, but their contributions leave a lot to be desired. And the anons, these are the ones who manifest.
Begone hylics >>56126840

>>56126859
arbitrage bots?

>>56126697
Not as dead as your braincells

>>56126724
The base graphic, not the crypto logos, is from a Nick Szabo blog post about the god protocol. I’m not sure why he used Calvin, possibly just a little graphic from the software he used.

Thanks OP, only worthwhile topic to discuss. It's a shame so many still don't see.

>>56126690
Nice poasts, Everest has been driving me nuts lately

lmao the everest pajeet shills are back

No one’s buying your scam :)

>>56127898
Nice job refuting a single thing that was posted.

>>56127907
buy an ad jeet, maybe you guys should partner with request network lol

>replying to mentally ill scum

>>56127907
It has been very boring in this in between period waiting for regulations to kick in. I'm not sure why they aren't putting their mainnet out and trying to attract devs to play with the tech like chainlink did.

>>56127950
Bob already confirmed mainnet won't be out this year so dont waste your energy on that. Time goes by quickly in this industry.

>>56127950
>>56127941
>market pumps a little
>pajeet shills appear promoting dead projects that require pepe the frog memes to stay relevant

Why is it likely that Everest's ID solution will be the "chosen" one? There are many other groups working on ways to implement decentralized ID. Why Everest?

>>56128096
read this >>56126755

>>56128109
>>56128096
very organic post pajeet shill.

>>56127956
This is true, I am probably actually just bored with the bear market. It isn't like they aren't developing things in the meantime. MiCA hasn't even kicked in for CEXes yet and it won't be broadly applicable until next summer.

>>56127957
Kill yourself

>>56128109
That post assumes that no one else can get these licenses. There are thousands of projects in this space with more funding and more human capital than Everest. What's stopping Chainlink from making this one of their featured services with another one of Ari Juels research papers? What is stopping my company (which has way more funding and a huge team of lawyers) from pursuing this with our Wallet As A Service product?

I hold Everest and have used the product and their face reading tech has definitely gotten better. But are they actually working with anyone that we can verify? And I don't mean the shitty oracle press releases. You'd think that Cardano marketing roastie could have accomplished more than driving the token price below 1 cent. Also, what even is the purpose of ID tokens?

>>56128133
There are unironically a lot of 2017fags here, myself included, that made it off of Link and picked up Everest as an interest along the way. Fuck off poorfag.

t. 7 figures crypto, 6 figure salary SWE working in Web3 Chad. Cope, seethe, and dilate.

>>56126690
stop shilling here pajeet. This is a 2017 coin, full of bagholders from 2017 and 2021 what the fuck are you looking at? To be dumped on by bagholders while new coins get traction among normies? Bob, look at his face. Would you trust him? With that nose and those eyes?

>>56128142
Chainlink doesn't want to deal with this kind of licensing. There are massive costs associated with compliance. There is a reason that 95% of companies outsource compliance to third parties. You should look into the identity group they added Sergey to which is now completely dead. It's not just getting the license (which is already very difficult, Everest was one of two out of maybe 50 crypto projects who applied for a MFSA to eventually get into MiCA), once you get the license there are constant ongoing compliance metrics you have to meet.

>>56128168
R1b detected, physiognomy test passed

>>56128139
>>56128142
>>56128181
shooo shoo pajeets, go shit in the street. buy an ad too.

>>56128190
Sirs

>>56128169
Do you work for Everest or are you just a shill? I ask because I have a very cool application I've built that would make a great addition to the "documents" tab in one's EverWallet and was honestly thinking about submitting my resume to apply for one of their current job offerings.

>>56128142
>What's stopping Chainlink from making this one of their featured services with another one of Ari Juels research papers?
kek, good one
cardano roastie is long gone, having her in the first place and the handling of that was one of everest's biggest fuck ups
token will be used by node operators for staking collateral and users to pay node operators, similar to chainlink but with a burn

>>56128142
Enjoy it

>>56128216
sirs pls view discord as evidence of good token

how street shitting can you guys get?

>>56126755
Actually I want to ask if you work for Everest also. I really would like to be put in contact with someone about utilizing Everest's services/learning more.

>>56128242
Enjoy it. There can only be one. Everest ID

>>56128242
you know these pajeets all work for everest, check the archives. it’s the same paid pajeet spam that shows up every few weeks

>>56127956
from 2017 still no mainnet?

>>56128206
No I don't work for Everest. The document sharing capability could be very cool if people built something with it. I would reach out to Bob directly, or maybe their community guy Lee who seems to do interfacing with devs.

>>56128267
They have a testnet that's been running for over a year and don't feel the need to push mainnet yet because they're just using it for internal clients from what I can tell.

>>56128216
How can I join that channel? Would like to open up a line of communication between Everest and my company. I think I've built something that could be useful to them and I think our getting out ahead regarding ID regulations would benefit us.

>>56126690
no thanks scammer

>>56128259
You don’t like Everest ID?

dead scam from 2017

>>56128279
t dot me slash everestdotorg

>>56128259
i am so overinvested in everest that if anything THEY work for ME

https://tokensniffer.com/token/eth/agju2h2ihh9p0hvn21sgqbp1j3ejs2jqap0jpp6eplzuhz6su8ljkgqajfv0

Still smells like a street pooper scam

Jaro you can keep making these posts but it won't be enough to pay for your GF(BF by biology) bottom surgery.

>>56128364
Did you fail the racial authentication?

>>56128364
Go back to your containment telegram faggot

>>56128470
audible kek
best meme in months

>>56128636
Billions (of whites) must scan

>>56126690
I just doubled my stack to 500K, comfy staking.

NOW is the time to buy.

>>56128647
ironic, because there is no iOS app afaik

>>56128660
They put out an alpha build as a PoC and then removed it because pushing updates to the app store while they were upgrading features and widgets for beta was causing problems.

>>56126703
>muh partnership
Just sell your dead horse meat for Chainlink or something

What regulations does Everest help facilitate in regards to US law? Is that all too nebulous right now?

it must suck being an everest bag holder, imagine buying a scam and having to try to entrap other people in it

>>56128660
I have the iOS app on my iphone. The web browser version on my computer works a lot better though.

>>56128687
From my understanding, Everest is best positioned for all of the stablecoin, defi etc related bills that keep getting discussed over the last few years but have yet to become anything tangible. I'm expecting the americans to lag behind in this area and end up copying most of MICA after that starts getting enforced next year.
I guess Everest is already compliant with existing financial laws?

>>56128733
You’re a paid shill, you third world scammer

>mentally ill IP hopper hates it when I post about my interests on anonymous image board
get help

>>56128733
It's pretty much impossible to comply with US securities regulations as a crypto company right now, and no one even knows if they fall under the SEC or CFTC's authority. They are compliant with banking regs though which is about as good as you can get for the US right now, most crypto projects aren't even trying to do that.

>>56128786

>>56126690
Is this related to Ari Juels’ CanDID paper?
https://eprint.iacr.org/2020/934

>>56128846

>>56128687
You need to get ready https://cryptobriefing.com/france-aligns-crypto-regulation-with-eu-mica/

>>56128687
You are running out of time
https://www.dlnews.com/articles/regulation/congress-sends-team-to-study-mica-eu-cryptocurrency-law/

>Over a dozen US Congressional staffers – largely crypto and fintech specialists – will be heading to Brussels and Paris, tasked with learning about the EU’s new legal framework for crypto.

>>56128687
https://legalnodes.com/article/mica-regulation-explained

>The key objectives of MiCA are:
>To replace individual regulations found within several EU nations with one unifying and comprehensive framework
>To set clearer rules for crypto-asset service providers and token issuers
>To provide more certainty in the regulation of crypto assets where it is not covered by the existing financial regulations

>Businesses covered by MiCA, or crypto-asset service providers (CASPs), include:
>Custodial wallets
>Exchanges for crypto to crypto transactions or crypto to fiat transactions
>Crypto-trading platforms
>Crypto-asset advising firms and crypto-portfolio managers

>Algorithmic stablecoins are banned and asset-backed stablecoins must comply with strict rules

>After the “transition period” —18 months after MiCAs eventual adoption—all EU crypto-businesses will need to receive an authorization to operate as a crypto-asset service provider.

>>56128895
>>56128884
thank you for posting your paid fiver script patel, poo in loo

Its either layerzero or chainlink, or topX

>>56128804
Live view of Everest meeting with US regulators

>>56128928
>>56128949

>>56128949
>>56128928

>>56128949
>>56128928
There is only one project in this entire space that is still going to exist in 10 years, and that's Everest. None of you have bothered reading the entire text of MiCA, autistically follow the news surrounding regulators in the US and the pressure being put on them to just copy the EU, you haven't listened to hours of central bankers and the BIS explicitly laying out what they want to see from regulated protocols and defi projects. You're all ngmi.

>>56128992
you are based, this board doesnt deserve you

>>56129002

Okay you post about all this regulations buzzword, but if the government truly wanted to use everest they would do what they will do with chainlink and not buy the token at all just pay a small time fee. That means zero buy pressure because everest will want to dump all their tokens as well. Need a retirement fund propped up by mentally ill bagholders with troon girlfriends

From 2 dollars to less than two cents. From 210M mcap to now less than 2M mcap.

I tried to tell you guys over and over again, all the signs were there. I hope Chainlink Tonight is ok

When are they going to start onboarding users ?
We're almost in 2024 and nothing looks ready.
But the fundamentals seem solid.

>>56129434
The demand will come from crypto services being forced to meet incoming regulation standards for their platforms.
Everest is the only one ready with a crosschain, globally operating solution that the industry is suddenly being required to adopt.
User onboarding is tied to the referral bonus program these crypto services will be taking advantage of to get people signed up for their now regulatory compliant products

>>56129530
When are they gonna need it ? MiCA has been voted already.....

>>56129624
https://www.coindesk.com/learn/mica-eus-comprehensive-new-crypto-regulation-explained/
June

>>56129640
June 2024 comes and Everest ID is still a microcap shitcoin, what do you do?

>>56129624
Start enjoying it

>>56129983
I’ll enjoy it as I always have. Kek I’ve been watching this coin for years you think waiting a little longer will make a difference?

>>56130026
>waiting a little longer
What's there to wait for if MiCA goes live and Everest only reaches new lows?

Chainlink Today really did a number on you hey Chainlink Tonight

>>56130072
DEFI has to comply this is non negotiable. Everest has all the ducks in a row to monopolize. I have prepared accordingly. The risk/reward ratio is too great to not have a sizable bag of Everest ID

>>56130078
>>56130072
Enjoy this.
Everest is the only *identity* provider because it uses biometry at the base level. Everything else so far are glorified credential sharing platforms. It doesnt matter how many fancy zkps are used to wrap up a piece of identification, that piece of identification can always be faked. Also the regulatory compliance.
The following is from Bob (I got criticized for casting pearls before swine last time I posted it, rightly so perhaps but whatever):

DeFi will be regulated……that means a full compliance suite
-Identity verification, deduplication
-KYC/AML
-Risk rating
-Ongoing monitoring
-Reporting
-License
-BSA
-Policies, procedures, insurance, etc…...
Problems……DeFi players
1) don’t have any of this, nor know how to do it, and they will need to outsource all of this, and
they want to stay clean holding any identity data or KYC checks anyway
2) 99% think that a green check mark on a wallet from a SW vendor will satisfy these requirements……It’s honestly driving me crazy
a) DIDs…..hashes of credentials will not satisfy the above. And you can launder money money with DIDs. And you don't derive an identity from credential - it's vice versa.
b) SoulBound Tokens……..cute idea, might be relevant for reputation, but if you’re using just those without a real identity underneath, you’re going to jail
c) Zero knowledge proofs……wrap a KYC green checkmark inside of an encrypted proof……again, not compliance, not identity, no way to do any reporting, etc……I can launder money with it, and DeFi suppliers will go to jail
Solution…….
- Contract with an entity that has the same reporting, data retention & protection laws……so a licensed crypto custodian
- Risk rate users and transactions
- Perform ongoing monitoring
- Don’t actually pass the data to the DeFi project (keeps them clean), but have it available on-demand
Guess who is uniquely positioned to supply the solution? Everest.

>>56130094
Well June 2024 is only 8 months away and Everest is still just a dead microcap shitcoin only finding new lows.

You'd the expect the mere announcement of MiCA passing should introduce speculation, instead it's just whales dumping on your head to new lows every day. Ducks in row am I rite

>>56130136
Kek you have no idea what’s coming. I’ll dump my bags on you next year

>>56128326
based. what's your stack, if you don't mind my asking?

>>56128666
checked and people-of-color-pilled>>56128696
try to find the app on the app store, fren. it was removed.

alphakek ai detects trends in crypto narratives including LINK-related

>>56126697
>1 Link = 1 ID
everestfaggots damage control :DDDDDDDDD

>chainlink niggers already moving to their next baghold when chainlink itself has not done a buttfucking thing for years

>>56128242
>I would actually like to utilize Everest’s service
Congrats, you’re the first person to ever say this