/biz/ - Business & Finance

>>56305009
>Nvidia selling cards to suckers mining depreciating fantasy tokens

Hardware wallets like ledger and Trevor is another one I can think of. But purely concerning cryptocurrency project, is there such a project that exhibits the quality of being anti fragile?

>>56305009
>which project is the shovel of Cryptocurrency?
according to the Bank of America its Avalanche as it will be the Platform to tokenize all the Assets in the World (by 2030 estimated to be around 70 trillion that will go onchain.

>>56305215
What about Chainlink?

cexes which take fees on fools buying and selling dogshit like this guy >>56305215

and hardware wallets yeah

>>56305215
Remember when XLM got officially partnered with every financial institution and nothing fucking happened?
I know you weren't on /biz/ back then, but "[X big corporation] partnered with our shitcoin, we're going to the moon bros" isn't actually how it works in real life.

investing in crypto is more like the railroad and oil booms

>>56305251
Explain that analogy for a zoomer

>>56305009
I bought BNB in 2017 when it was $3 using that exact same analogy and now I'm set for life. You're too late.

>>56305009
>excluding institutional like exchanges
those are the shovels, but sure, keep looking for ShovelCoin

>>56305215
Based. Avax is going to tokenize the worlds assets, its going to look so obvious in hindsight.

>>56305257
gold rushes are exhausted once the material runs out. railroads were extremely expensive networks to build, but once established they were incredibly profitable for many years as they facilitated transport of goods. oil meanwhile was a brand new market, before the invention of oil engines it was a relatively worthless substance, then practically overnight it became incredibly valuable

>>56305009
the good old days. let's go back.

>>56305487
I guess Tether is the closest, since they make 5% of $80 billion a year for facilitating the casino, but it's privately owned by like 5 guys and they aren't looking for investors

>>56305009

The only ones who actually got rich were the merchants selling supplies to the prospectors.

>>56305009
>which project is the shovel of Cryptocurrency?
NVDA. AMD. Why do you think there have been card shortages for a decade? Literally aren't enough shovels to go around.

>>56305427
Binance is going to die and BNB will lose 99% of its value.
Screencap this

>>56305230
I mean if Avalanche Subnets are the Shovels, then Chainlinks CCIP is the rails and minecarts to move the tokenized assets around and turn it into actual value.
ideally you own and stake both already.
For newfags (financially speaking) AVAX makes more sense because the staking is open for anyone while the LINK staking is still limited.
AVAX also has a higher APY right now, so you could stake AVAX and use the Staking rewards to accumulate LINK. The winning move looks something like that.
>>56305246
>got officially partnered
Its not about simple partnerships, its about running Subnets.
Basically everyone wants a Blockchain, literally every Bank wants their own Chain.
now they could hire 50 Blockchain Engineer autismos, spend 1.5 Million dollars and over a year for implementation or they can launch a Subnet with a custom EVM in under a Minute. They can even scale it up and decentralize it however they need it.
And most important: to run Subnets AVAX has to be staked.
>more Blockchains/Subnets launching = Less AVAX in circulation = Price goes up as AVAX is hardcapped and deflationary
>>56305510
isnt it already very obvious right now?
imo if someone still cant see it, there is no way they are higher than 70 IQ.
it takes profound mental retardation to ignore all the signs.

>>56306284
hopefully some of that enthusiasm will also make it onto the C-Chain...

>>56306307
C-Chain is gonna be THE Liquidity Hub because it is gonna be the most trusted, most secure and most advanced Public Chain, validated by every validator of the Avalanche network (can scale to Millions of Validators).
also see pic, if only 1% of these 68 trillions get to the C-Chain we gonna be easily at $1000 per AVAX and imo 1k is FUD, it will go higher than that.

>>56306284
I was just thinking that tokenized assets being the gold would best fit OP's analogy. DeFi is all infrastructure, the mineshafts in this analogy, which shows how they are worthless unless it leads to real tokenized assets (the gold/silver). Right now everyone is trading useless rocks (NFTs and memecoins) back and forth, but so far very little gold has been extracted. It's all practice-finance for the big event coming up: asset tokenization.

>I mean if Avalanche Subnets are the Shovels, then Chainlinks CCIP is the rails and minecarts.
I think you got it reversed. Chainlink oracles are what will ultimately allow for the creation of tokenized assets. Avalanche and other L1s are the infrastructure which moves and secures these assets. I guess it's not a perfect analogy since Chainlink can move tokens interchain, but whatever.

>>56306645
of course the Analogy isnt perfect, but it still gets the point across.
>Chainlink oracles are what will ultimately allow for the creation of tokenized assets.
You can take the Avalanche Shovel and dig some Gold sure, but if you dont have the Chainlink minecart and some rails to transport it to the market you wont have a high volume of excavated material.
It also doesnt really work if you dont have the Shovel but just the Minecart because then you will also have low volume because you do all the digging by hand.
Basically what I'm getting at here is that Chainlink and Avalanche depend on each other.
To do what they set out to do at a Global Scale is only possible if these Technologies are combined.
only together they can unlock their full potential.