[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 50 KB, 554x554, 91DA57BB-5AA1-417B-8C59-77739BDA3F3F.jpg [View same] [iqdb] [saucenao] [google]
49823170 No.49823170 [Reply] [Original]

ICP is insolvent. Dump is coming.

>> No.49823256

>>49823170
OP is a faggot. either you missed the absolute bottom or you're a paid ftx fudder, simple as

>> No.49823305

>>49823170
laughed XD and what dom said that? XDD

>> No.49823353

>>49823256
Check the list of latest Swiss insolvent companies.

>> No.49823872

>>49823170
ICP is slower than AWS and it is more centralised than AWS. Why would anyone use ICP over AWS?

>> No.49824234
File: 76 KB, 1280x675, 266905072_1651183181915849_5954488626697542595_n.jpg [View same] [iqdb] [saucenao] [google]
49824234

As a senior software engineer ICP gives off some red flags for me and here's why:
ICP at its very core uses something called Web Assembly (WASM)

WASM was born in Web 2.0 way before ICP was born and it was made in theory to boost web performance by providing a portable code format to run in browsers at native speeds. Sounds good in theory right? Well WASM never gained traction and it heavily flopped, no one is using it today because JavaScript is just that much more convenient and faster to prototype with as well

The creators of ICP thought: What if we try to revive WASM but with a blockchain meme sauce layer on top by bringing it over to Web 3.0 and present it as some sort of revolutionary paradigm? Well it worked for them seeing how it lured brainlets from /biz/ and half of India into investing into it so kudos to them for pulling this off

So why did WASM flop? That's because JavaScript is easy to write, and Web Assembly isn’t even intended to be written by humans, plus its most efficient code is generated by C or C++ source code, which isn’t for everyone either

The only thing WASM has going for it is being able to do heavy-duty tasks on the web, but we have things like GLSL for that

There is this truism that technology never dies

Most big bank, airline, credit, and other very large systems still run on COBOL or other mainframe-era technologies.
In my line of work I still encounter VB6, PowerBuilder, and other 1990’s-era technologies powering mission-critical systems

Knowing this fact, I think it's highly unlikely that the usage of the ICP blockchain will be adopted into the mainstream seeing how even Web 2.0 failed to adopt it

The theory behind ICP was neat, but they forgot to take into account the actual reality/practice

ICP was dead on arrival because it bets on the wrong horse as evident by its chart

You need a blockchain project that can convince current traditional companies to switch over and this is just not it

No adoption = No project

>> No.49824549

>>49824234
you can code frontend logic for IC in javascript
>baseless fud

>> No.49825201

>>49824234
>as a senior software engineer
>doesn't know even the first thing about any topics involved
Senior "software engineer wannabe" more like

>> No.49825716

>>49824234
Top post

>> No.49825820
File: 764 KB, 727x1174, 1655496654361.png [View same] [iqdb] [saucenao] [google]
49825820

>>49824234

>> No.49825850
File: 484 KB, 1046x1313, 1655228708993.jpg [View same] [iqdb] [saucenao] [google]
49825850

>>49824234
At the moment, ICP is by far the most centralized major blockchain in existence, with the two Dfinity neurons controlling over 95% of voting either directly through their stakes or through neurons that are highly incentivized to follow them.They say it will gradually become decentralized, but I don't see how. Over 90% of the proposals are matters of simple administration, like paying node providers. Which alternate neuron is going to have the bandwidth to go through all those proposals, specially considering they will only increase in number as the network grows?The Dfinity team and Dominic Williams talk a good game about decentralization, but I am yet to see any clear roadmap to lessening the stranglehold of the centre, only vague assertions about the process happening naturally in the future. The reason I am sceptical is that Dominic Williams keeps saying that ICP is decentralized right now, which suggests he has a very different understanding of the term than most people in crypto, myself included.AS an example of what I mean, here is a response by a team member on the thread MrBluoe linked, to a question about decentralization: "furthermore why do you think it is centralised? Anybody who wants can buy some some ICP and participate in voting on proposals in its governance system." Sure, anyone can do that, but is anyone seriously going to spend all day poring over admin minutiae and voting accordingly? Given that they earn more by voting more, they are going to want to vote as much as possible, and the only practical way of doing that is to hand over one's voting rights to Dfinity.

>> No.49825891

>>49823170
icp is r1b
dominc is r1b

>> No.49825892

>>49824234
stop posting this every thread

>> No.49826022

>>49824234
I base all of my investments on the name and logo of a project. Internet Computer. Get the fuck outta here.

>> No.49827384

>>49824234
Trash fudder trying to scare silly low iq’s out… well guess what we know your games jew now begone sst8t

>> No.49827780

>>49823170
This is so shit I'm not saving it, give me better ones like the other guy.

>> No.49828187

>>49824234
so you are saying it needs a technology wich is able to connect to legacy systems and also new blockchains private and public ones? thats quant, ticker: qnt

>> No.49828349

Hearing rumors that Dominic is freaking out in the office every day. His employees hear him weeping from his office.

>> No.49828417

"No refunds"
-Dominique

>> No.49828520
File: 109 KB, 711x933, 1960x0.jpg [View same] [iqdb] [saucenao] [google]
49828520

* 10% inflation, meaning you are forced to stake your IPC to combat this.

* 6 months lock up period in a highly volatile market sounds really sketchy. You can potentially miss selling at a market top.

* 20-year roadmap, like jesus fucking christ the balls and hubris of this alone should be enough to deter the average investor with room temp IQ.

* Huge amount of ICP was/is still held by early investors and the ICP team. At listing time every team member held an ICP amount equal to 150.000.000 dollarinos, Yes you read it right.

* The governance, burn and voting rewards are directly linked and proportional to the amount of ICP you held, meaning that they, the whales and founders can basically vote on whatever the hell they want and they get most if not all rewards.

* The founder who has some sort of god complex calls himself President/Chief Scientist was rewarding 100 ICP to doxxx redditors spreading fud. If that isn’t a red flag I don’t know what is.

* The code is completely unverifiable and most of it is patented.

* You have to KYC and have special and approved hardware to run a node.

* The open goal is rule not only Silicon Valley but our entire information infrastructure.

* You are unable to interact with most of the internet computer without and internet computer ID.

* If they “vote” to kick you of the net you are gone.

* The internet computer is able to track your every move through out the entire network based on your ID.

* There’s no way for you to stay anonymous and there’s a large risk that KYC will be required by governments in the future..

* Dominic Williams held a tech speech about the ICP at Davos 2020. ICP will be the internet for the new world order which is the antithesis of what crypto promises to deliver.

>> No.49828595

>>49824234
I am a software engineer (now director) at a company with 3000 wagie software engineers and i can tell you that that is wrong and youre just fudding your own bags.

>> No.49828635

>>49828520
Patents are a good thing idiot

>> No.49828666

>>49826022
You will unironically make it

>> No.49828771
File: 80 KB, 1000x1000, 1653268356967.jpg [View same] [iqdb] [saucenao] [google]
49828771

>>49826022
>>49828666
Checked. Schizo bros going to make it.

>> No.49829875

>>49828595
ICP is slower than AWS and it's more centralized than AWS. Why would anyone use it?

>> No.49830273

>>49823872
>>49829875
is icp fud now outsourced to bots? sam what are you even doing?

>> No.49830322

>>49823256
This, plus FTX is going down with Solana and all the mediocre tech

>> No.49830630

remember, remember, this November

>> No.49830775

>>49823170
ICP is a one of the biggest rug in the space, glad i sold it for BNB and more AXL, I'm staking for fixed 55% APR on the AXL Launchpad.

>> No.49830843

>>49825891
n1g

>> No.49830862

>>49830775
pajeets have overrun this board

>> No.49831927

I have been off for some months
What happened to moonman?
Is he still making those gay emails?Last I heard some anon said that he went into a schizo cope ranting about globalists and WEF because of bitcoin dumping and that he barely mentions icp anymore

>> No.49831973

>>49831927
Also gokubro and verianon
Where are those fags?
Did everyone give up on icp?

>> No.49832302

>>49831973
>Also gokubro and verianon
Both were flaming faggots. Hope they roped.

>> No.49832693
File: 89 KB, 1200x679, freedom.jpg [View same] [iqdb] [saucenao] [google]
49832693

>>49825850
People can automate the task of paying node providers, make the bot's decision be open source, and let people follow it as a neuron. The incentive for this to be created is that we have a source for exclusively voting on paying node providers and they can get the rewards.

>> No.49832976

>>49832302
gokubro real name is Pierre and he is a baguette.

>> No.49833025
File: 58 KB, 1002x818, 7ff2441b6bc68add5d23ff2f12f93067.png [View same] [iqdb] [saucenao] [google]
49833025

>>49824234
https://bytecodealliance.org/#projects-of-the-alliance

cope

>> No.49833920

>>49833025
No snitching, I want to accumulate at this price.