/biz/ - Business & Finance

[Anonymous No.16620883]

When will my suffering end? Is this portfolio enough to make it? If not, tell me what I need to change to make it. All criticism and opinions welcome

45k LINK
33 ETH
50k DAG

[Anonymous No.16620938]

>>16620883
those three coins will not exist in 3 years. only put your money into bitcoin

[Anonymous No.16620960]

>>16620938
>>16620883
Crypto won't exist in 3 years. Put your money into gold.

[Anonymous No.16620974]

crypto is dead dude... your magic internet money will not even exist in three years. do you really think billionaires or even millionaires would touch this scam of a market? the answer is no.

[Anonymous No.16620991]

Sell at least half your LINK stack the second it reaches ATH or a bit above again. Keep the rest if it continues to pump (it likely wont).
ETH is a toss up. I'd keep the 33 to stake and see what happens from there. Maybe 2.0 will cause a moon mission
DAG is some Pajeet shill shitcoin. I'd drop that load the second it fake pumps again or put it into something else.

[Anonymous No.16621037]

>>16620883

Sell enough link to get 500 ETH and sell ETH in the next run when it hits 2k. Can't garuntee link will keep growing but anyone who's been paying attention to the defi space in ethereum can tell what's coming.

https://defipulse.com/

[Anonymous No.16621041]

i wish that bench was my face

[Anonymous No.16621052]

>>16621037
The ETH ammount locked is even more bullish. There's going to be a supply squeeze on ETH with staking launch and defi both generating incredible demand. I'm not joking, ETH could go to 10K next bull run. 2k Is very conservative

[Anonymous No.16621060]

>>16621052
Can't more ETH just be created out of thin air?

[Anonymous No.16621068]

>>16621052
defi as i understand it will never work, because it depends on the people it replaces to voluntarily give up their own jobs

it's like if we needed the consent of truck drivers to develop driverless cars

[Anonymous No.16621073]

Damn all these people telling me to buy more ETH without realizing it’s inherently reliant on a decentralized oracle network, i.e Chainlink. Looks like I’ll just sell the other coins and go all in on LINK

[Anonymous No.16621075]

>>16621060

for now, yes. vitalik has suggested in past a hard cap at around 130m eth in circulation. I think people are too bearish about the current inflation rate (which isnt much higher than btc). eth is most undervalued coin at the moment without a doubt.

[Anonymous No.16621076]

>>16621060
ETH's inflation rate is poised to be lower than BTC within the next 2 years. And no, that's not how that works. Just like with BTC miners currently have to hash out new ETH. When staking launches inflation should stabilize in the 1-4% region. The more people stake the lower the return.

[Anonymous No.16621081]

>>16620883
this

[Anonymous No.16621082]

>>16621068
As if the profit motive has ever cared about people's jobs.

[Anonymous No.16621086]

>>16621082
in this case you are trying to convince people who have a monopoly (people who run traditional exchanges) to give up their profit. the profit motive is against defi

[Anonymous No.16621101]

>>16620960
Gold won't exist in 3 years. Put your money into guns.

[Anonymous No.16621110]

>>16621037
>premined shittoken staking

I'm SO excited for you guys!

[Anonymous No.16621152]

>>16621037
Defi is reliant on decentralized oracles you retard, look at the writing on the wall. How can you claim to be “defi” with centralized data feeds?

[Anonymous No.16621154]

>>16621110

>2019 "premining shittoken"

how new are you? you know thats meme tier fud right? people have been saying that since eth was 1$

what coin do u hold, im curious and thirsty for an easy short

[Anonymous No.16621171]

>>16621086
defi is more profitable, again, the profit motive doesn't care

>>16621154
bruh, where did I say anything about centralized data feeds. I'm sorry I care about reputable projects like maker and not bigmacsmakeup99%ofmydiet/\tm. Show me something that isn't a pajeet gambling app running on chainlink then we'll talk

[Anonymous No.16621207]

>>16621154
>meme tier fud
>that makes it untrue

P R E M I N E D
S H I T T O K E N

[Anonymous No.16621232]

>>16621207
cringe

[Anonymous No.16621234]

>>16621171
SNX, one of the largest Defi projects in the space use Chainlink for their price oracles. You are behind the curve

[Anonymous No.16621265]

>>16621234
damn, got me there. That in mind, ETH still captures the value of everything on its platform so I'd still argue it's the better investment personally. desu I've blocked out link news and whatnot for so long in my brain because of the metric memetic shitstorm that has surrounded it. I've never really been able to tell if it's a real project especially considering I've been unable to find basic press releases from companies like SWIFT that link's website claims they work with.

[Anonymous No.16621306]

>>16621232

cringe what faggot?
you scammers shill scam tokens to retards, hoping they'l buy your bags
FUCK YOU

[Anonymous No.16621314]

>>16621306
yikes

[Anonymous No.16621317]

>>16621306

[Anonymous No.16621460]

>>16621234
dude kill yourself and go back to r*ddit in that order

[Anonymous No.16621507]

>>16620883
Maybe add a DeFi project in your list like RSR or MKR

[Anonymous No.16621570]

>>16621101
Guns won't exist in 3 years. Put your money into simulations.

[Anonymous No.16621595]

>>16620883
>not going all-in Bitcoin before the halving
Absolutely braindead

[Anonymous No.16621634]

>>16621595

longing bitcoin dominance in overbought territory, ngmi

eth is the only undervalued coin ill say it again

>>16621207

typical no argument sped talk

[Anonymous No.16621666]

>>16621634
>not going all-in Bitcoin before the halving
Unironically ngmi, newfag.

[Anonymous No.16621708]

>>16621073
All roads and logical conclusions lead here...that's why any other option is a pajeet shilling his village's micro bag.

The dyor always comes back "they're using link and have 5 other identical usecase competitors".

[Anonymous No.16621717]

>>16621634
>typical no argument
>implying saying meme tier fud is an argument

Are you an actual nigger? Of course you are, you buy premined shittokens.

[Anonymous No.16623036]

>>16621068
Not hardly, it depends on the people and shareholder's invested in those companies wanting to make more money, which is always going to be a huge YES.

[Anonymous No.16623356]

>>16620938
fpbp

[Anonymous No.16623361]

>>16621570
Simulations won't exist in 3 years, put your money into the multiverse.

[Anonymous No.16623368]

>>16623361
Multiverses won’t exist in 3 years, put your money into emptiness

[Anonymous No.16623377]

>>16620883
Be grateful, faggot. I am a poor fag with only 17k and I know I am gonna make it.

[Anonymous No.16623412]

>>16620883
You're literally invested in the future infrastructure of the modern digital world. In the bull run you'll make bank.

[Anonymous No.16623438]

>>16623412
Hello I don't understand one thing in that pic.
In which way DAG validates data?

[Anonymous No.16623440]

>>16623368
Already have that anon...

[Anonymous No.16623446]

>>16620883
What's it smell like, guys? I think about this a lot.

[Anonymous No.16623640]

>>16623412
Hello I don't understand one thing in that pic.
In which way DAG validates data?

[Anonymous No.16623648]

>>16620883
>ETH
I bought Eth at around 700 on average and had to sell at 250 to buy more LINK cause I just gave up on it. Honestly it ate almost all of my LINK gains

[Anonymous No.16623744]

>>16623412
Hello I don't understand one thing in that pic.
In which way DAG validates data?

[Anonymous No.16623764]

>>16620883
100k+ Link holder here
If you wait 2 years your Link stack should do the trick. I recommend you to learn about trading and money management while waiting to better understand the market and how to keep your gains after you make it.

Btw there seems to be an awful lot of pajeets and scammer in this thread..

[Anonymous No.16623784]

>>16620883
why did you cut out the watermark. Give sauce now

[Anonymous No.16623827]

>>16621265
>t. brainlet

[Anonymous No.16624030]

>>16623764
>In which way DAG validates data?
could you please help me?
this pic
>>16623412
In which way DAG validates data?

[Anonymous No.16624378]

>>16621708
It’s only logical at this point to go all in LINK, I dont know why I waiting this long. Maybe I’ll keep the 32 ETH for the staking meme but the rest goes to LINK

[Anonymous No.16624787]

>>16620883
I have a similar portfolio, but not as big

30k Link
20k DAG
100 Quant
1 BTC
Less than one ETH

I feel like I ought to own more ETH since that it probably the most important coin for the next 50 years but it always dumbs and seem beholden to BTC prices for a while

[Anonymous No.16624851]

Sell dag and eth and buy xtz

[Anonymous No.16625753]

>>16624030
I didn't know until now what DAG was. Is this a new thing ?
I see Bosch and some other car industries partnerships in it, but I don't consider these to be good at innovation and don't see the use case.
I just looked up a bit the whitepaper of DAG, as you should start by looking up the documentation about a coin and the team behind it.
https://github.com/Constellation-Labs/whitepaper-business/blob/master/Constellation%20Labs%20-%20Business%20Whitepaper%20v1.0.pdf

What I understood from it:
The reputation of a node is not determined by the computation or financial strength of the nodes, but rather the participation and inclination of the node towards the constellation.

This feels to me that it will prioritize nodes acting like "Yes men", which always approve all transactions and never criticize a result.
Also without a financial counterpart for the reputation it would be possible to attack the network by adding a lot of cheap "yes men" nodes which would validate an incorrect value when needed to attack the network.

[Anonymous No.16625771]

>>16625753
You are hoping for the nodes in your network to give correct and useful information to the other nodes.
This reminds me of what happens when a backbone provider for internet changes his router configuration and transmits the information to the other backbones that the fastest path to the google server is through his domain.
This is how you lose access to google until someone finds out there was a mistake...
There is no penalty for doing this with DAG.

[Anonymous No.16625788]

>>16625771
"Inclusivity" looks more like a political argument than the point of view of a sane architect who should always design a system by focusing on the worst case scenarios first.
Will you include useless 20 year old computers which have proven hardware backdoors in it ?
What about "pirates" trying to validate false data to trigger so,e contract to their advantage ?

[Anonymous No.16625801]

>>16625788
The DAG coin has no value to the network as it cannot be used to increase your trustworthiness and protect you from harmful nodes.
It doesn't even seem to be used as a collateral in case of incorrect validation.

[Anonymous No.16625815]

>>16621073
I own some Chainlink but no one has explained why PoS chains can't have validators act as oracles instead of bringing another shitcoin into the mix

[Anonymous No.16625834]

>>16625801
The last "feeless" coin I saw was NANO.
The problem with a feeless network is that you lose the incentive to keep the network. I don't see why the DAG coin is needed in this Constellation network and why it needs to have a high price for the network to work...
The most efficient topology can be hacked to one which gives higher privilege to harmful nodes, and you removed any possibility of removing these nodes.
Diversity does not necessarily make a complex system better.
It only increases the possible points of failure...

[Anonymous No.16625968]

>>16625834
This is the CTO and co-founder of Constellation.
His biggest achievement was to design a part of an UI for data analysis, and he also wrote some code based on a design document written by someone more competent than him.
You know what they say about UI designers...
He also only has a B.S. in Physics and Mathematics.

[Anonymous No.16626026]

>>16625968
>>16624030
There is no other developer in his team btw.
At least there is no picture or information about them on his website...

But look at the advisors and other co-founder.
Do you trust these people ?
You should also do a background check on all of them before investing in their project.

Tell me why did you buy your DAG stack ?
What was your plan and expectation for this product and its associated coin ?

[Anonymous No.16626082]

>>16620883
Why are there so little brappers now. Back in my age this board was filled with them

[Anonymous No.16626108]

>>16625753
Hello anon
I mean in which way DAG valiates data differently by ChainLink?
What do you mean with ''Validates data'' ?

[Anonymous No.16626134]

>>16626082
Jannies are taking them down a lot more frequently. The BAT thread up has a few brappers in it.

[Anonymous No.16626368]

>>16626108
According to the paper each node can have a different set of rules to validate data.
If you want to see what already exists you should take a look into their code which is said to be open source and probably on github.
The problem is not how a node is programmed to validate data, but why a node should be trusted and what the incentive of this node to have a good behavior is.

For Link this is specified by the smart contract on the ETH network, which decides to aggregate data from different Nodes. The smart contract can be seen by all parties, and specifies what it will do with this data.
The local LINK nodes hide the way they process the data as this is critical business data, but are judged based on the comparison of this data with other nodes, and they have a collateral to pay in case they have incorrect data or don't answer in time.

DAG would probably do it the same way, but in this case the local nodes decide by themselves if the data is valid however they have no incentive to do this correctly, and there is no way for somebody outside to see how the data was validated.

[Anonymous No.16626557]

>>16620938
Imagine believing this. Maxis never cease to astound me

[Anonymous No.16626610]

>>16621068
>the people it replaces to voluntarily give up their own jobs
What are you talking about? It will force those people out of their jobs by doing it better than them. The only dependency that defi has on legacy rentseekers is the fiat onramp tax burden tabulation process

[Anonymous No.16626632]

>>16626610
This