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/biz/ - Business & Finance


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23814072 No.23814072 [Reply] [Original]

Tell me the truth

>> No.23814125
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23814125

(It's a ponzi)

>> No.23814132

>>23814072
It’s still under the radar for the majority of the crypto crowd. They literally do not understand its genius.

It will be shock and awe when the price finally takes off. Think Chainlink 100x and then some.

>> No.23814169

tokenita no es necessita

>> No.23814216

Tokens not needed. Just to pay the subscription with it LOL are u serious. Could also be paid with dollars or any other crypto

>> No.23814255

>>23814169
>>23814216
This is how lame Quant fud is. These fags can’t buy their stacks back which they sold at $2. We are now at $16, going to $160.

Kek, they are pathetic!!

>> No.23814262

>>23814072
Token not needed.

>> No.23814270

>>23814132
This, it's also not on big exchanges because gil doesn't want a huge speculative bubble before OVN goes live.

Pic related, this is a forwarded message from Gilbert posted in the tg in regards to exchange listings.

>> No.23814286

>>23814132
can you sum up why, frend

>> No.23814288
File: 320 KB, 1080x1936, Screenshot_20201107-165651~3.png [View same] [iqdb] [saucenao] [google]
23814288

>>23814270
Forgot pic

>> No.23814349

/biz/ does not understand the magnitude of QNT. Just DYOR.

>> No.23814350

>>23814286
Start here: https://twitter.com/cryptoseq/status/1318653571110404097

Quant themselves congratulated the author of the thread, Seq, on its quality.

>> No.23814391

>>23814270
ETA on when OVN goes live?

>> No.23814458
File: 40 KB, 1027x574, whatnext.png [View same] [iqdb] [saucenao] [google]
23814458

>>23814270
>This, it's also not on big exchanges because gil doesn't want a huge speculative bubble before OVN goes live.


This. I admit I used to be frustrated by Gilbert's exchange position.

But it's fucking genius, it's perfect. Just look at the chart this year - that could not possibly be better. It's been controlled exactly as necessary to ensure a solid, sustainable growth. Bubbles do not help yet. When the whole market goes apeshit, QNT will be along with the ride.

It's established on uniswap now and that is unironically enough to guarantee total participation in a major bullrun, when that finally comes.

Until then, Gil is doing things just right.

>> No.23814466

>>23814391
I have no clue, people were speculating Q1 2021, since launching something like this now right before Christmas/end of q4 doesn't really make sense, since all their customers probably wouldn't even implement it until Q1 anyways. Idk if youve ever worked in an office, but literally nothing gets done in December, it all gets pushed to next year.

>> No.23814526

>>23814458
The man's a cold calculating genius. Like I said in another thread
>For guys like this, a 'pump and dump' lasts for 30 years
Guys like gil don't know how to do anything but play the long game

>> No.23814547

The token is needed.
- license subscription
- platform fees
- consumption fees
- developer fees

Maybe they didn’t have to make a token, but since they did that means the token certainly has utility. Correct?

This will mean that more adoption leads to increase in token price.

>> No.23814692

>>23814547
And what's funny, because of how banks work they literally have to include us in their vision. Don't get it twisted, I'm pretty sure gil would rather just keep this internal and make all the bank himself. But, banks require proof of concept and real-world usage before they adopt new tech. Unfortunately (for them), blockchain networks need a large user/investor base to work properly. So, gilbert was faced with either releasing slowly and getting the 4chan autists onboard with insanely heavy technicals and more breadcrumbs than any other crypto project Ive ever seen. Or, he could get the zoomer moonboi reddit pajeets involved and turn his project into a pnd shitcoin with a million bagholder's village all waiting on the edge of their seat to cash out. Gil's going with autism, to say the least.

>> No.23814731

Just one tip guys :
1) Sell all your useless shitcoins
2) Buy the biggest QNT that you can afford to buy
3) Congrats you've made it.

Oh , and don't be surprised to see Quant climbing to the top 5.
It's just a matter of time.
DYOR, you will understand better.

>> No.23814870

>>23814692
Do you think the token is needed?

>> No.23814930

first 100k coin

>> No.23815041
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23815041

>>23814870
Yes, it is needed, pic related. Btw, in Gil's own words (I'm paraphrasing a little)
>Central banks and financial institutions in general are just one vertical
Quant isn't just stopping at banks, the longterm vision is much larger than that

>> No.23815064

>>23814930
Delusional

>> No.23815738

>>23815041
Price prediction for future? Not financial advice just curious

>> No.23815815

Token not needed. Gilbert didnt even plan to introduce a token. Only because of the ICO hype in 2017/2018. Its an obvious cash grab. No fud, just the truth. But some poor fellas here are so emotional attached to their little bags...

>> No.23815917

>>23815815
>The token is needed.
>- license subscription
>- platform fees
>- consumption fees
>- developer fees
>Maybe they didn’t have to make a token, but since they did that means the token certainly has utility. Correct?
Opinion?

>> No.23816004

>>23815738
I have no clue desu, and it's hard to guess without knowing their fee structure and what kind of volume they'll be dealing with once ovn goes live. I'd basically just be throwing out random numbers, because even though customers will need quant tokens to perform overledger functions (think: eth with the etherium network), we don't know exactly how much.

>>23815815
Then why are quant tokens needed as payment for every single transaction on the overledger network? He's not doing this because of the ICO craze, he's doing it because banks don't adopt unproven/untested tech. He had no choice here, as explained here >>23814692

The reason we're allowed in this is just due to banks infrastructure adoption. They always go with private contractors rather than developing purely internally, but with blockchain you can't really have a tested, proven network without allowing regular investors in. It's a catch 22 that we benefit heavily from.

>> No.23816341

>>23815917
They DO need a token, I dont expect pajeets to understand why in this technological marvel

https://twitter.com/theoverledger/status/1318139636707975168?s=21

>> No.23816522

>>23816004
First of all it’s not even a blockchain/DLT
Second of all it’s patented and not public
So it makes no sense to create a whole new token for this. They can just let consumers pay in fiat or ETH for the subscription. Why are you guys so blinded by your emotions?

>> No.23816627

>>23816522
Read my fking post pajeet, it not being a blockchain is what makes it so bloody good. Check the twitter account of this account: https://twitter.com/theoverledger/

>> No.23816642

>>23816522
You are fucking retarded.

What the fuck do you have to do with Quant’s business model? Fuck all, kek.

Quant’s business model requires QNT. It is their universal utility token needed for licences, access, transactions, payments, staking and so on.

So fuck off with your fud, brainlet.

>> No.23816704

https://www.ledgerinsights.com/digital-dollar-cbdc-us-congress-hearing/

>It continues: “Unlike the CBDC approaches currently under discussion, which would use complicated and inefficient distributed ledger technology and would be walled off from the existing system of money and payments, the FedAccount CBDC would be seamlessly interoperable with the mainstream payment system and would rely on technologies that the Federal Reserve has used successfully for decades.”
>FedAccount CBDC would be seamlessly interoperable with the mainstream payment system

Guess which blockchain company is the only one able to do this currently? Think it's a coincidence that while everyone was working on blockchain -> blockchain interoperability, gil was looking at blockchain -> offchain interoperability, and that he just happened to come from a central banking background (has worked at the fed reserve and uk ministry of finance)?

All part of the plan. Tech like ripple, eth, ocean, chainlink, swift, iso 20222, etc getting adopted is bullish for quant, since OVN will bridge them all together.

>> No.23816712

>>23816522
>He had no choice here, as explained here
If we forget about this, then yes he could have just not made a token and let consumers pay in fiat. But since they did choose to create a new token, it doesn't mean it has no value. It's still needed in the network

>> No.23816754

>>23816627
>>23816642
So emotionally attached baka
Goodluck with this cash grab

>> No.23816786

>>23816522
Why do you think banks pay each other using essentially the same money we do (Eurodollar shadow banking excluded)? They need the supply/demand from regular people to give the currency value... If there's no adoption or speculative nature, theres no currency, and they're just shuffling useless shitcoins back and forth

>> No.23816803

>>23816712
Refute this https://twitter.com/theoverledger/status/1318139636707975168?s=21

Token is needed, stop your shitty fud campaign jesse

>> No.23816804

>>23816754
Fuck of back to asylum, mental case.

>> No.23817076

Your existence is not needed

>> No.23817102

>>23816786
>>23816803
>>23816804
Why have 0 crypto projects adopted this “godly” project? LINK had adoption of the likes of Polkadot, The Graph and 100s other projects. Quant started in 2017 and after 3 years still no volume or traction

>> No.23817118

Lets see:
BTC
ETH
LINK
GRAPH
DFINITY
POLKADOT
COMPOUND
BNB
MONERO
FILECOIN

There's not place for it.

>> No.23817142

Scam from european aristocrats.

>> No.23817219
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23817219

>>23817102
Why would quant partner with other shitcoins when they're being contracted by central banks, lol?

https://www.publish0x.com/wordstock/list-of-quant-network-qnt-partnerships-2020-xnmjyr (pic related, link for sources if you want).

Do you know what SIA is and what they do? I'll give you a hint, they're a little bit bigger and a little more important than 99% of shitcoins currently on the market...

>> No.23817339

>>23817219
LINK partnered with SWIFT. Didn’t do anything for the price. SWIFT is as big as SIA at minimum. LINK started to get recognition after they got adopted by “shitcoins”.

>> No.23817501

>>23817339
Keep bumping you fucking mentalist.

Every time you fud, we post proof you are retarded. All you do is help to raise Quant’s profile. You help to push up the price so you can’t refill your bag.

Kek, what a Quantless brainlet!

>> No.23817520

>>23817339
That's because the only thing link can do right now is provide price feeds, lol. Youre comparing apples to oranges here. It's like saying, "why isn't yahoo as big as microsoft even though they got x partnership". They make fundamentally different products, and I can open up Yahoo finance on a browser being run on windows, but it doesn't work the other way around... Yahoo isn't an operating system and is fundamentally limited as such.

If you want comparables, look at windows collaboration with IBM in the 80s. I believe years from now we will be looking back at quant/overledger as the windows of blockchain.

>> No.23817550

>>23817501
Im not interested in buying Quant. Maybe you guys should do some research on The Graph. A real project with real adoption..

>> No.23817712

>>23817550
You do you man, but don't say you weren't warned.

>> No.23817716

>>23817712
Warned about?

>> No.23817842

>>23817716
Have you read literally anything in this thread or are you just here to shitpost?

>> No.23817885

>>23817842
Like i said. The concept seems great and innovative. Just have some questions regarding the need for QNT tokens. Subscription is nog a good enough reason imo, just use ETH or USDC

>> No.23817895

>>23817550
For someone who doesn’t want to buy Quant, you spend a lot of effort promoting it!

Don’t worry, brainlet. We agree QNT is the best buy in crypto right now. Sorry you lost your QNT stack though, kek.

>> No.23817986

>>23817885
Because tokens like eth are limited to blockchain applications. I can't easily swap or use it between blockchains or offchain services. There has to be some other intermediary token. Even if eth could do that, why would quant ust give their profits away to vitalik and the eth network? Also, why would cbdc's want to use a network that can only do 15tps?

>> No.23818151

How many QNT to make it

>> No.23818210

>>23817986
Although I have heard about eth+CB partnerships, but at the same time, there's an arms race going on right now with banks and financial institutions attempting to load up on blockchain tech and infrastructure. It won't be just one solution, just as it wasn't before, cb's won't put themselves into a position of a central point of failure. The future of cbdc's and blockchain-based banking transactions will be many solutions networked together.

>> No.23818234

The token is currently needed, what I think people are confused about is why. OK, it's used for transactions, but why can't it just be USD for transactions? Do the tokens secure the network or do anything other than just needed to buy shit?

>> No.23818549

>>23818234
Yes, tokens cryptographically secure the network, identify users when required and dozens of other things.

Token very much needed.

>> No.23818560

>>23818234
They probably will end up using usd, but it will be converted to quant behind the scenes for licenses and transfers. The quant token is used to sign and encrypt transactions.

https://medium.com/@CryptoSeq/quant-networks-overledger-part-seven-the-qnt-token-d6b945ea15f1

>Every user who wants to use a MApp or a Developer or an Enterprise who wants to develop MApps needs to hold QNT tokens. Without QNT you can’t connect to Overledger and MApps won’t run. It’s the same as a license key people have to hold to access the ecosystem and run applications. Same as Apple with Apple ID — which is linked to keys on your Apple device to access the App Store and run iOS apps. Or Office365 and how they license their products.
>The launch of the Quant Treasury will automate and facilitate the licensing, consumption and usage of QNT for developers, enterprise and users. It will allow Enterprises / Developers and users to purchase licenses in FIAT currency which then gets converted to QNT tokens. This means Enterprises don’t have to deal with buying directly from Exchanges and can purchase them in a way that is compliant.

Also, institutions arent quant's only target audience, they intend to have regular users as well, who will have to hold quant tokens to perform functions on overledger (use MApps basically)

>> No.23818675

>>23818560
Tokens are also used to capture network value and create a stakeholder group who are vested in QNT.

Retards fudding that QNT is not needed don’t understand crypto or how it will work in our new decentralised economy. This is crypto 101, described by Mark Andreeson over 5 fucking years ago.

>> No.23818798

>>23818675
Pretty much.

Just dropping more bombs, if you've been paying attention, you already know how big of a deal pfizer and "controlled drug visibility" is

>> No.23818820
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23818820

>>23818798
Forgot pic

>> No.23818973

>>23818798
Picture the salt flows when the fudders learn Pfizer’s COVID vaccine development used Quant.

Actually, to hell with them, picture the rush to secure a bag of even a dozen QNT when the wider crypto community discoveries this.

>> No.23819106

>>23818973
Exciting times are ahead for sure. I love how he just threw in the department of homeland as a footnote, lol. It speaks to the level that these guys are at

>> No.23819138

Department of homeland security*

>> No.23819188 [DELETED] 
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23819188

Thoughts? This is the Chancellor of the UK if you wasn't aware.

>> No.23819221

Because it's shit. I realized, after investing in some shit"CBDC" coin that all these crypto projects trying to make it to the institutions were just plain stupid.
This isn't what will make you money, it's just a meme to attract crypto-normies. Basically just a more elaborate XRP-scam.

>> No.23819244
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23819244

Thoughts? This is the Chancellor of the UK if you wasn't aware.

>> No.23819310

>>23819221
This is the low IQ post of the day, no doubt about it.

>> No.23819362

>>23819310
Thank you
I bought some, I sold it at a profit but I feel like getting in again.

>> No.23819374

>>23819244
Approved cryptos will be part of the UK financial landscape. There will be a GBP CBDC and Quant will be used for interoperability.

This stuff is so obvious now.

>> No.23819676

>>23819374
Bingo.

I honestly don't know why so many people are still sleeping on this. It's not like quant is new, or anything they do really super secret and hidden. Gilbert talks about his meetings with high level customers quite regularly... Although the "few understand" meme is a meme, I think it kind of applies here. Normies don't really understand interoperability nor do they realize that current banking/financial systems are held together by shoestring and bubble gum essentially, and still use legacy code from the fucking 70s

>> No.23820012

>>23819676
It could be to ‘get’ Quant requires a different skill set than what most crypto fags bring to the table.

If you haven’t been part of Quant since the early days perhaps you need to understand the financial system/aspects to really see where this is going. Look on Raoul Pal from RealVision. he basically understood immediately and is now spreading the word on interoperability with every interview he does.

>> No.23820084
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23820084

>>23820012

Yea, this. It's way more complex than flash-in-the-pan memecoins that retards can understand (because there's nothing to understand) but have no enduring relevance.

QNT is for turbo autists so far. Later, more and more people will understand based on simple PriceGoUp matters and vague notions of banks/govt using it.

We may have been early, but we're not wrong.

>> No.23820157

What does interoperability even mean and how will an erc-20 token achieve it

>> No.23820208
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23820208

Imagine not betting on the UK Government
Imagine not betting on MIT
Imagine not betting on Rockefelller Capital
Imagine not betting on Intel
Imagine not betting on Gil

Your only regret will be not going all in

>> No.23820551

>>23820157
Quant’s Overledger OS and Overledger Network (OVN) are not an ‘erc-20 token’.

The software is a highly sophisticated (patented in parts) solution to interoperability between networks. Networks can be DLT, legacy systems, protocols etc.

The QNT token is used for licenses, security, payments etc. It’s just a part of the architecture, not the be-all. We are not talking about a typical shitcoin or DeFi token.

QNT could have been built on any suitable blockchain. They chose Ethereum because it was the leader when they launched. Quant migrate to another blockchain or build their own in the future, but there would need to be a good reason to abandon Ethereum because it works fine right now.

>> No.23820601

>>23820157
Basically connecting different systems together in a way that they are interchangeable and congruent. This is a major problem with blockchain right now, it's proving harder to implement it with outside systems than people thought (ie, chainlink is basically able to do pricefeeds after like 5 years of development). They chose erc20 because it was the largest with most users and support, but QNT will be blockchain agnostic and deployable on any blockchain

>> No.23820673

>>23814350
oh yes, twitter threads, best way for researching shitcoins

>> No.23820691

>>23820673
Don’t be a retard all your life.

>> No.23820733
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23820733

brainlet here. what are we currently waiting for? what is the next thing that will push qnt price higher?

>> No.23820790

>>23814072
ceo has lied multiple times, actual code is unknown, dot does it better, it's not a block chain but an over ledger wtf is the point of tokens other than revenue raising, you can just use dollars to pay for licences

>> No.23821174

>>23820790
How’s the fud campaign coming along? Pretty lame, eh?

QNT price keeps climbing and you keep typing shit.

>> No.23821290

>>23820733
ISO standards meeting this week to Nov 18th
G20 coming Nov 20th
Not much longer before a huge pump, in my estimation.