/biz/ - Business & Finance

>current prices are very high
Look at this FUDding nigger getting mad that he didn't buy earlier.

>>9920793
>zero working dapps
What is funfair

>>9920804
mentioning his race hasnt really answer the points he has raised now does it

>nigger

>>9920793
this guy is completely ignoring the vast amounts of institutional investors literally buying up exchanges and coins otc for future index fund offerings and exchange wallets, though he's right about zero retail interest

>>9920814
9 users over a 24 hr period? is that what is considered a trajectory for success

>>9920821
this
There are exchanges opening now just to service institutions. LMAXDigital for example

>>9920793
>Market will crash after exchanges get shut down
They're not getting shut down; in fact there are more exchanges opening up every day than ever, and they made more than enough during the financial bubble to sustain themselves for years. Do you think this is their first bear market?

>Tether will get cancelled
No, it won't People have been saying this for literally years spreading propaganda about Tether. Tether has full reserves in Puerto Rico, but they cannot prove it without exposing themselves to regulatory fuck ups

>Retail interest in crypto is zero
Irrelevant. Retail interest has been zero in crypto before the 2017 bubble, and everythign was fine. Institutional interest is at ATH, and dumb money will come back with their pennies money at $15k+

>ICOs are over
No, there are more ICOs happening now that they were in 2017 June.

>SEC will go after ICOs soon
Yes, so we'll have a better regulated space so investors will feel more comfortable investing in crypto without getting scammed. See Polymath

>There are zero working dapps
Wrong again. We have a lot of working DEXs, we even have games on LN, we have Steemit, we have payment systems, and now that EOS has launched, we'll have many working Dapps in 2019.

Overall, you're all a bunch of retarded fucks and should kill yourselves

>>9920814
What is Dlive and Busy

>>9920793

>>9920793

These are the ones who missed the hype train last year or already took out their money. Justifying their own actions, because god forbid the market starts to rally again and they are left sitting on devaluating bags of fiat. We have had naysayers all the way from 2009 to today. And at some point it always sounds like they are right, because the markets are indeed crapping themselves for a long period after every single bubble. But today we have more going on for Crypto than ever, a catalyst ((may)) just sit around the corner.

>>9920793
Why would this nigger think it have anything interesting to say ?

>>9920843

>>9920859
see >>9920843 you mouthbreather

>>9920861
but you cant discount that hardly anyone is using any of these dapps>>9920843

>>9920868
Who cares about full nodes in Ethereum? Ethereum's decentralization is just a facade.

>>9920843
>SEC will go after ICOs soon
this will cause a panic sell because everyone will want to know there investment is okay or not

>>9920793

classic case of fud to buy cheap... all you morons think you are so smart...

>>9920843
You are either a really young kid, an idiot, high on drugs, schizophrenic or a combination of those.

Just lmao to everything you wrote

>>9920793
>FUDDING this hard
it's like he was paid to do so

>>9920868

> 12 months

picrelated from 0 to 12k in 6 months. ((perspective))
And who cares about nodes if they don't produce anything for the operator anyways?
Incentives are very important from a game theory perspective in a financial system.

>>9920873

We are still on the ground floor of dApp development.
If you think about the dApp and crypto timeline, it only catched on fairly late.
App development also didn't hype instantly after the first iPhone and Android's.

Yet today, Apps are a staple of sheeple society.

>>9920859
>no use case for ethereum
>literally the most used crypto
What did he mean by this?

>>9920873
100x more users than there were a year ago. Dapps are still early because scaling has taken its time, but you'll see much more Dapp activity next year

>>9920879
Hardly. If you're dumb enough to still have your money in ICOs or anything else that's not a top10 coin by now, you're probably a die-hard holder. And regardless, we haven't hit capitulation yet, so we do NEED people to start questioning their investments so we can reach $4k and then recover properly.

>>9920886
Or I'm just more informed and educated than you and your dumb friends are.

>>9920906
>>literally the most used crypto
False

>>9920859

ARK will overtake both ETH and BTC within 5 years for this reason alone. Mark my words.

>>9920879
>>9920884
It will cause all the shitcoin holders to pile onto sec approved coins like BAT, 0x, litecoin, ETC, ect. Will be a simultaneous pluto mission and crater, its going to be legendary.

>>9920906
https://dappradar.com/
he means despite being around for a few years hardly anyone is using it
infact the numbers are dropping

>>9920918
Yeah its daily volume of 35 eth is really activating my almonds. Pure unrefined shit coin.

>>9920924
which show is that?

>>9920928

It does not even log MakerDAO, fundamentally perhaps the most important financial dApp we have. Instead these are just silly games, and some decentralized exchanges with low volume compared to centralized exchanges. The real dApps you will care about will work behind the scenes within a decentralized system representing financial structures. And one day decentralized exchanges will catch on, just not now.

> https://mkr.tools

>>9920859
That's just plain short-sighted FUD.
Anyone can be a critic, it takes a brain to see the long-term value in this space.

>>9920948
>https://mkr.tools
let me ask you, do you think its normal to invest in a tech that is valued at milllions or billions and less than 50 people are using it for its prime use?
he isnt anti crypto but he is clearly anti dapp and anti erc20 and looking at the data
falling use numbers
there is going to be some serious blood

>>9920938
Idk, someone posted it on /tv/ a few months ago. Was a thread comparing pajeet action movie style to anime. Obviously anime weeb shit won.

>>9920952
falling user number is fud?

>>9920948
> re: MakerDAO

And if this isn't growing adoption, I don't know what is.

>>9920963
> let me ask you, do you think its normal to invest in a tech that is valued at milllions or billions and less than 50 people are using it for its prime use?

I detailed this yesterday (>>9911781). In opinion there are two Crypto's, the one you invest in, and the one you make use of. Investing in the tech right now is probably stupid unless you can bear over average amounts of risks. But those which give you all the benefits, without the downsides of "investing", are the dApps and protocol infrastructure layers that are seeing the most adoption. And are also the most important features of Crypto right now. Of course, maybe I am deluded, or not everyone gets this, idk.

>>9920963
The tech itself is easily in my opinion worth substantially more than the market value currently. Its like having an automated asteroid mining ship, sitting there unfueled. Up and running its worth a kings ransom. Once even one crypto starts being used by normies its going to blow up and eventually be as widely used as the internet currently is.

>>9920931

You're a short sighted brainlet who's standing way too close to the painting to see the broader picture.

ARK $5000+ before 2022. Screenshot this.

>>9920973
The point is that the technology is in its infancy and the actual usecases are mostly future usecases.
Bashing at the stats right now is like bashing the invention of cars while people were still using horses, there were no asphalt roads and people really didn't need to move around so much.

>>9921002
Ok ultra brain faggot, I took a screenshot. See you in 4 years.

>>9921004
Thats a good example. There were people fudding cars back in the day, talking about how horses were better, you had to take fuel, car adoption would never take off.

>>9921009

Deal. ARK. 5000+ USD. 2022.

Even the fact that you can just check a motherfucking website and see the exact number of active users on any dapp, the volume, the money in the contract, and everything is transparent as fuck. This is not true for Google Play and Apple Store. You niggas are staring at the future and can't even tell lmao

>>9921048
even if its the future the question is does the current user amount justify the current market caps. i say no. which means serious serious price collapses

>>9921039
I screenshotted that as well, meet back here in 4 years. I added it to apple calender. Get ready to eat shit.

>>9920816
his race is nigger?

>>9921063
>build the great roman Colosseum
>only 4 people inside at one point
>"WOW THAT COLOSSEUM IS FUCKING WORTHLESS"
What did he mean by this?

>>9920793
He implies that tax cuts is free money that comes from no where. You really shilling this retard?

>>9920843
You're a genius

Surely, once link mainnet hits, everybody will suddenly start using it again...

>>9920859
gald we'll be getting eos

>>9920793
crypto fudders are proved wrong time and time again. Are they really okay with knowing they will definitely be proven wrong in the near future?

>>9921063
The current user amount doesn't need to justify anything if the potential justifies it enough. Miss me with that dumb stock FA

>>9920814
What is wysker.

>>9920793
literally who

>>9921251
>The current user amount doesn't need to justify anything if the potential justifies it enough

youre delusional

facebook had millions of users when it launch and was valued at billions

some of these dapps have 10 fucking users a day and are valued at millions
SOMETHING IS NOT RIGHT. The market will just justify the lack of users it will correct

>>9920824
A user might be defined as an online casino or other company with global reach. Why would you think a user means individual?

>>9920793
When will americatards understand that crypto is a worldwide industry and perhaps with way more expression in Asia than in the US?!?!?!? When will they learn that most ICOs are coming out of Europe!?!?!?!
When will they FUCKING LEARN that amerifats can't get in most ICOs since last year and Crypto doesn't even miss them?!?!?!?

>>9920793
>>9920824
>guys it's too early
Early is good you fucking retard

>>9921092

Oooooh this is exciting!

>>9920931
>looking at 24hr volume to make long term decisions
>hasnt even read up on Ark
>whatisark(dot)com

>>9921412
>Distributed ledger technology and smart contracts will spawn a technological revolution comaparable to that of the internet. Ark utilises blockchain technology - the most popular implementation of distributed ledger tech, and is more than just a fast payment method & potential investment vehicle. It is a platform from which businesses & users can launch their own blockchain, with features such as smart contract functionality and universal crypto exchange and contract execution.

>someone wrote this absolute shitfuck and soeone else recommended their writing

Arklets are truly deluded

>>9921425

Szabo called it in 1996, I am sure he is deluded too.

http://www.fon.hum.uva.nl/rob/Courses/InformationInSpeech/CDROM/Literature/LOTwinterschool2006/szabo.best.vwh.net/smart_contracts_2.html


> Digital cash is here today, and many more smart contract mechanisms are being designed. So far the design criteria important for automating contract execution have come from disparate fields like economics and cryptography, with little cross-communication: little awareness of the technology on the one hand, and little awareness of its best business uses other. The idea of smart contracts is to recognize that these efforts are striving after common objectives, which converge on the concept of smart contracts.

> Copyright (c) 1996

I don't hold any ARK, but the vision holds truth.

>>9921440
Learn to read before you write idiot

>>9921425
Its ok, you can still board, just not in 1st class, pajeets stay below deck.

>>9921098
>all startups shut down after reading OPs amazing advice - only three users after day 1? give up.

>>9921265
this
shills trying hard to push this in several threads but nobody is answering this

just wait when price hits 3k and then anywhere 1.5 and less ... it'll get real dangerous and ugly then ...

>>9921440
>I don't hold any ARK

>>9921583

Don't get me wrong, great project. It'll fare well.
But my conviction is with ZenCash

ARK is building a smartbridge for ZenCash too.

>>9921604
Whats the craic with that 51% attack.
Also
>LTC first
>ZenCash second
>Up to the lead developer
>ZenCash could build their own connection right now
>Ark will have private transactions regardless, thanks to the core upgrade

>>9921748
> Whats the craic with that 51% attack.

Yeah that sucked, but by majority Zen already recovered (except in price). We got a ZenCash investment trust by GBTC / Grayscale for SEC accredited investors. Considering this was after the attack; them not dropping out is a hugely positive sign. ZenCash was also quick to respond with a fix for 51% attacks on any PoW coin.

> https://news.bitcoin.com/bitcoin-in-brief-halting-51-attacks-and-where-now-for-ripple/

> Another altcoin that had a very good Thursday was Zencash. It’s bounced back from a recent 51% attack, jumping 17% off the news that Grayscale, led by Barry Silbert, will be making the coin its ninth investment. The group’s portfolios start at $400k, rising to over $1.2 million for bitcoin core. The Grayscale news helped the price of ZEN soar, but the more important story was the new whitepaper the team released on Thursday, which has implications for all Proof of Work coins.

https://zencash.com/assets/files/A-Penalty-System-for-Delayed-Block-Submission-by-ZenCash.pdf

>>9921937
Thanks, I'm reading it now. Wasn't trying to bait, legit curious.

>>9920906
Ethereum's main selling point is that it can be used to build other shitcoins on it. Imagine that. A market where the most valuable shitcoin is valuable because it creates more shitcoins. Crypto is fucked

>>9921980
> Wasn't trying to bait

np, I didn't think you were. Been shilling it quite a bit.

If you're interested:
>>9910211

>>9920816
none of these things matter