“80% of ICPs nodes are held by just 8 separate node provider entities”

[Anonymous No.52435831]

Can someone please explain how DFINITY is decentralized when the DFINITY Foundation controls most of the voting power and node creation is centralized? I don’t understand honestly. I’ll buy 250 ICP right now if someone can dispel this FUD for me. Link to the thread here: https://forum.dfinity.org/t/80-of-icps-nodes-are-held-by-just-8-separate-node-provider-entities/14241/6

[Anonymous No.52435851]

>>52435831
>INTERNET COMPUTER

[Anonymous No.52435890]

>>52435831
monman scam finnaly getting revealed

[Anonymous No.52435919]

every fucking coin has extreme points of centralization you moron. how new are you to think any of that actually matters? just buy what has a big community and ecosystem and hype.

[Anonymous No.52435940]

>>52435890
https://vocaroo.com/19FUI2vM4VmL

[Anonymous No.52435954]

>>52435831
I've been telling you retards about this for months and nobody listens.

To figure out if a coin is a shitcoin one of the best test one can do is to try to run a node. 99% of the time you can't run a node because it's centralized garbage. ICP definitely fails this test.

[Anonymous No.52435998]

>>52435919
Have fun wondering why you stay poor.

[Anonymous No.52436025]

>>52435954
What projects do you hold? Which ones are truly decentralized?

[Anonymous No.52436030]

>>52435919
bitcoin wins again

[Anonymous No.52436054]

>>52435998
btc and eth have had some of the best returns and both are extremely centralized... snap out of your unrealistic fantasy. the only utility anything here has is how much money you can make, not how decentralized the technology that powers overleveraged ponzi schemes is

[Anonymous No.52436108]

>>52435831
The foundation of the project should be supported by reliable node providers therefore there is a kyc process to verify every node provider. Also the tech required to become a node provider is at least $25k depending on what gen you use. They have over 100 nodes ready to be deployed from more independent vendors but this isn’t required yet since the platform hasn’t hit the maximum capacity for the current set of nodes. There is a huge waitlist as well but yes the current state of the project centralized but it is still its own infrastructure that is not relying on web2 to exist

[Anonymous No.52436173]

>>52435831

Nice FUD. You can check the dashboard https://dashboard.internetcomputer.org
We now have 1236 nodes far from the 513 displayed on the screenshot.
Of course the project is still at the beginning don't expect ultra decentralization right at the start.

Dfinity is still building the network, they will soon open the blockchain to new nodes and you wont need any KYC like before.
https://medium.com/dfinity/lets-grow-the-internet-computer-network-why-and-how-and-general-updates-1c8d0770a299

The internet computer will grow to millions of nodes within 10 years. Mark my words.

[Anonymous No.52436223]

>>52436025
All in cardano. Cardano is probably the most truly decentralized

[Anonymous No.52436265]

>>52436223
Kek all you have is Charles and his amazing speaking skills which might actually be all you need to succeed in this unregulated mess of shitcoins

[Anonymous No.52436283]

>>52435831
69% of ETH nodes run on cloud providers. 52% of them run on AWS. what does this tell you about decentralization OP?

https://decrypt.co/44321/70-of-ethereum-nodes-are-hosted-on-centralized-services

[Anonymous No.52436348]

>>52436173
Wasn’t really FUD and my main concern is with how not everyone can make one if they wanted to.
>>52436283
Anyone can run an Eth node if they have the money.

[Anonymous No.52436407]

>>52436348
They can. You’re just on the a fucking waitlist and need the required equipment. Yeah the first people who hopped and became node providers are obviously people that helped build the project.
If you think you’re gonna be able to run a node on your shitty computer then that’s then gonna happen until badlands is ever released

[Anonymous No.52436510]

>>52436407
If they have to be put on a waitlist that doesn’t mean anyone can make a node. Also a list implies that they can be blocked from hosting. I get that Dfinity is trying to avoid getting attacked while in it’s infancy but how can you say it is decentralized when the OG operators are essentially handpicked. I appreciate the dialogue though, gonna go ask around some ICP related Discords for more info

[Anonymous No.52436767]

>>52436510
we’re at centralized point of early adopters. If you want to become a node provider get the $25k worth of equipment and have a reserved space and go apply. It will take years with how long the waitlist is. You have to get approved but anybody can get approved but they’re specifically looking for nodes to be host SEA now. So yeah there’s limitations but you’re misunderstanding and thinking that nobody else except the original 8 can become node provider. Anybody can but you must meet the requirements and have a desired location. ICP nodes are completely different than every other blockchains and shouldn’t be held to the same standard. They get paid $4000 worth of icp a month if icp doesn’t need the extra nodes at the current capacity there’s no point in paying them $4000 a month which is the reason there is a waitlist

[Anonymous No.52437297]

>>52436025
For decentralization, Bitcoin and Monero. Those are the only coins that I trust with my life savings.
I also gamble on shitcoins (meme coins mostly) I just don't do it with my life savings.

[Anonymous No.52437313]

>>52436173
>Nice FUD.
>We now have 1236 nodes
>We

FUCKING "WE"
LMAO

HELLO ICP TEAM! WELCOME TO BIZ!

[Sage No.52437325]

>>52435851
INTERNATIONAL BUSINESS COMPUTER.
>NOW REMOVE YOURSELF FROM THE LAND OF THE LIVING BY PUTTING KEROSENE IN YOUR BUTTHOLE AND LIGHTING A MATCH THEN INSERT IT IN YOUR ANUS.

[Sage No.52437358]

>>52437313
We includes those who have a stake in an organization.
>ISN'T IT NICE TO USE YOUR BRAIN????!!!!!

[Anonymous No.52437497]

>>52437358
>gets mad when I call him out
NICE TRY DOMINIC!!

[Anonymous No.52437526]

It's the same as link whereas it starts of centralised and gradually becomes decentralised

[Anonymous No.52437585]

>>52437526
They all say that. "We're working hard on decentralization, just trust us. We only need to work out a few kinks in the protocol and then we will be able to stop running the whole thing on a single node". Fast forward a few years and they still run the whole thing on a single node. Every. Fucking. Time.

[Anonymous No.52437648]

Imagine doubting these chads.

[Anonymous No.52437705]

>>52435940
>https://vocaroo.com/19FUI2vM4VmL
pajeet seething about buying at the top like a fool. did you spend 3 months salary on 1 ICP and expect it to just keep going up forever?

[Anonymous No.52438137]

pol brainlets btfo ok

[Sage No.52438280]

>>52437648
Anon, you should probably seek rehab for your homosexuality. You allows go on about your highschool lover who were name Chad.

[Anonymous No.52438308]

>>52436173
5,200 tps
1,200 nodes
fudders can't win

[Anonymous No.52438351]

>>52438308
oh, and that's not 5,200 tps as a theoretical... that's right now

did I mention infinite scaling at web speed?

[Anonymous No.52438468]

>>52437705
My dear ESL-kun, did you really think that was real? It is obviously some icp bagholder trying and failing to meme

[Anonymous No.52439004]

icp/btc chart

[Anonymous No.52439024]

3c

[Anonymous No.52439196]

>>52439004
Major breakout incoming, hold on to your tits fud niggers

[Anonymous No.52439218]

>>52435831
Dom here, basically you're a retard and no one cares about your 4 month old post. If I see your sandwich in the fridge it's mine anon and I will fire your pregnant wife.

[Anonymous No.52439241]

>>52435919
>don't question all these ponzis just buy one!!!!

[Anonymous No.52439281]

>>52435831
Mmmm I can't wait
>rubs butter all over my balls

[Anonymous No.52441440]

>>52439281
2 more weeks?

[Anonymous No.52441478]

>>52441440
Probably 2 more years

[Anonymous No.52441576]

>>52441478
BTC integration was promised at the end of last year. Then for Q1 2022. Then Q2... Q3... Q4 now?

[sage No.52441631]

>>52435831
It is centralized. They plan to eventually move off of the waitlist model eventually though. There is a plan to add nodes without needing DFinity approval but that isn't here yet, because a successful implementation is likely difficult.

I imagine when a node joins a subnet it will need to process messages within a certain timeframe/demonstrate capabilities to the network to be fully inducted.

But you're right. It's not here yet.

[Anonymous No.52441651]

>>52441478
This tweet was in response to people calling Dom a scammer for charging the people who bought in to the second round of the ICO $4 or 133x what he charged inthe first round, 3c.

[Anonymous No.52441717]

>>52436510
> Also a list implies that they can be blocked from hosting
Yes, but not forever. It’s a permissionless protocol, it just makes sense to seed it with known friendly actors. Like all permissionless protocols, it becomes harder to sabotage or game once it reaches a certain critical mass.
The point is that the protocol handles scaling into a permissionless protocol. Frankly, Dfinity vetting nodes will only scale so far, and they are building to get beyond that.

[Anonymous No.52441769]

>>52441717
It isn't permission-less because it is proof of stake, but I understand where you are coming from. The problem is that once it reaches a certain "critical mass" outside actors will almost have no way to influence how the chain operates without purchasing ICP. Dominic has talked about "people parties" before where everyone would potential get one vote regardless of status/holdings so hopefully he pulls through with that (And Badlands)

[Anonymous No.52442576]

>>52441576
I know I'm replying to a dumb jeet fudder but for smart anons it's important to know that BTC integration was estimated for Q1 2022 only in testnet, and the team has been working since to make sure there are no gaps. If you think really really hard about it for one second it makes sense since they are just about to integrate a 300b mc network into it. If it didn't work as expected, would you considering moving funds from your cold storage into it? Probably not

[Anonymous No.52443606]

>>52435831
They have 23% of voting power. You can see it right on their dashboard.

[Anonymous No.52443697]

>>52437585
You’re right we should add 1M nodes to the network and have them doing nothing just to hyperinflate the token supply. Great idea kid

[Anonymous No.52443706]

>>52443697
Increasing nodes increases inflation? So if they stop being centralised they go into a death spiral lmao.

[Anonymous No.52443882]

>>52443706
>doesn't know the tokenomics will lead to a deflationary ICP

[Anonymous No.52444010]

>>52443882
>Just need to replace the entire internet first bro

[Anonymous No.52444653]

>>52437648
Dom strong arming the guy in the middle. Gun pointed at the guy in the lefts back. Sniper off camera aiming at the two on the right

[Anonymous No.52446329]

>>52442576
>Anyone that doesn't blindly follow crypto leaders are jeets!!!1
kys

[Anonymous No.52446962]

>>52435831
That's LITERALLY more decentralized than BTC.

[Anonymous No.52446974]

>>52436030
Bitcoin is one of the most centralized coins there is moron.
Literally. Top wallets hold 95%+ of tokens. Top miners do 95%+ of the hr.
You are LITERALLY holding a government coin and bragging about it.

[Anonymous No.52446993]

we've known this for a long time; i've been telling people this. every time i do, ICP copers just fucking obfuscate the fact.

[Anonymous No.52448222]

>>52443706
Increasing nodes that have no use to the network increase inflation, yes. Add more nodes as the network grows and requires more capacity.

[Anonymous No.52449999]

>>52441717

ICP is literally a permissioned protocol kek, go read your own white paper.

[Anonymous No.52450067]

>>52446974
Kek, seethe. You had 13 years.

[Anonymous No.52450893]

>>52450067
I had btc at $2-3.
I've been around forever.
BTC is a centralized glowing scam.
Benefits no one.

[Anonymous No.52452986]