/biz/ - Business & Finance

[Anonymous No.54463976]

>CTRL+F
>0 GRT results


It's over

[Anonymous No.54464226]

Is $40 EOY still FUD?!
Asking for a friend?.

[Anonymous No.54464475]

>>54463976
>>54464226

It actually is over though. Here is why:

1) the revenue of queries goes to indexers, not GRT holders
2) then you'll say "but people will have to buy GRT" -- no they won't, they just enabled credit card payments
3) then you'll say "but there's a conversion in the background" -- what does your centralized fiat exchange matter if indexers immediately sell GRT for real money?

You've created a system where the only people ever required to hold GRT are indexers -- and they'll only hold it for an instant after getting it from consumers. This is the most retarded coin investment anyone can possibly make.

You literally got memed on the midwit "utility coin" AGAIN and now all it is is a query as a service system with a completely pointless, worthless token attached to it that they have to jump through hoops to justify keeping alive.

[Anonymous No.54464535]

I bought GRT at $0.80.
a few months later I found out it's just an ERC-20 token.
what a piece of shit.
you know people can just make more ERC-20 tokens?
jesus if you want that dogshit, just buy eth.

[Anonymous No.54464633]

>>54464475
>1) the revenue of queries goes to indexers, not GRT holders
Wrong. While parameters vary from indexer to indexer, yield is distributed roughly proportionally between the stakes of indexers and delegators, with the indexers taking a small cut on top of their own. If an indexer doesn't share its yield, it won't attract delegators. If an indexer can't attract delegation, it's far less likely to be selected to serve queries, meaning they need a much larger self-stake to be viable.

>2) then you'll say "but people will have to buy GRT" -- no they won't, they just enabled credit card payments
picrel

>3) then you'll say "but there's a conversion in the background" -- what does your centralized fiat exchange matter if indexers immediately sell GRT for real money?
Because while indexers have to sell their GRT to pay for operations, delegators - 2/3rds of the protocol stake - are less inclined to dump so frequently.

[Anonymous No.54464925]

>>54464475
This is one of the dumbest things I've ever read. And I spend a lot of time on biz!

[Anonymous No.54466511]

If you're not replying with redpills about jews on Yaniv's twitter posts then what is even the point of being all in of GRT? It's over

[Anonymous No.54466530]

>>54466511
Don't be a fucking sperg, like half the project leadership is Jewish.

[Anonymous No.54466965]

>>54466511
checked and keked

quick run up over the numbers:
- some are estimating $8M monthly revenue from queries (close to $100M annually)
- 3B GRT is locked in the protocol that will benefit from those fees
- that's $3333 for everyone that has 100k delegated
- with current price (.14) its close to 25% APY (which is insane so I would expect a run that will end up with a price hike)

[Anonymous No.54467138]

>>54466965
One can hope, but if I was a gambling man, I'd wager it will fall between $500k and $1.1M rather than $8M.

[Anonymous No.54467172]

writing was on the wall for this coin ever since brooks and grtsux disappeared

[Anonymous No.54467251]

>>54467172
GRTsux last appeared in February.

[Anonymous No.54467268]

I haven't been following GRT for a long time.
Are there options for me to delegate outside of eth chain yet?

[Anonymous No.54467270]

>>54467172
I miss GRasTa more.. that was a wicked motherF

[Anonymous No.54467324]

>>54467138
Bearish as fuck. Uniswap alone generates 1 to 2 million in fees everyday. It's over

[Anonymous No.54467440]

>>54467324
All the more incentive to cut costs if that was the case. It's not like a dozen queries to The Graph needs to occur every time a user refreshes the page, but they do it using the hosted service because it's free. Expect caching.

>>54467268
https://twitter.com/yanivgraph/status/1625630839651373057

[Anonymous No.54467490]

>>54467324
>>54467440
I should add that while they're using the hosted service, they backed a major SaaS competitor that also indexes subgraphs. Potential impending doomsday scenario as far as migration prospects go.

[Anonymous No.54467744]

>>54467490
What is this competitor you speak of? DEFI apps like Uniswap are generating most of the query fees. Is it really over?

[Anonymous No.54467799]

>>54467268
arbitrum is opening up, you can switch chains on their UI, but it's still not really working from what I experienced.
>>54467490
GRT has first mover advantage in the web3 indexing space, it will be useful for the AI that are trading shitcoins long past humanity's end

[Anonymous No.54467826]

>>54464535
Finally someone that understand that Ethereum, and all ERC-20 tokens are not going to make it in the long run. BTC/XMR/LTC/ICP are the 4 chosen ones with their unique individual purposes.
>BTC=Store of value
>XMR=Private digital money
>LTC=Spendable currency that is transparent
>ICP=World super computer that does rely on big tech.

[Anonymous No.54467881]

>>54467826
Ackthully It's blockchain agnostic.

[Anonymous No.54468419]

>>54467744
https://twitter.com/UniswapLabsVC/status/1569765844825022469
https://twitter.com/mikenikles/status/1574952719689056256
https://twitter.com/kev_in_here/status/1616959263376822272

>>54467826
>>54464535
Without the emergence of middleware technologies, crypto would have lost all relevance after the ICO shitshow of 2017-2018, and feds would not be working so hard to destroy the sector right now. Middleware tokens are largely ERC-20 because you really don't need a new blockchain for every use case in existence, especially when they can inherit security from existing blockchains. Why would you invest in what you do not understand?

>>54467799
The Graph dominates decentralized indexing and will likely continue to do so for so long as blockchains remain in existence, but that is not to say its market and developer base is not a lucrative market for aggressive centralized competitors vying for a cut of the revenue potential. The only reason why it hasn't seen more competition in the past is because most past competitors have fallen on their faces, but these guys seem to be executing effectively.

[Anonymous No.54468430]

>>54463976

[Anonymous No.54469428]

>>54468419
So Uniswap and possibly other major dapps will just use Goldsky because it's a lot cheaper. They don't give a fuck if it's centralized. It's over

[Anonymous No.54470402]

Nobody really cares anymore bro everyone moved on to $ARB and $GMX, doing both on Rodeo finance for the apy. Solded all my AVAX too just partake further in the gold rush.

[Anonymous No.54470744]

>>54468419
>funded by Uniswap
>Uniswap not even following their twitter
einstanon, you are much smarter than to take this "competitor" seriously. their founding team is full of failures of past projects who promote graph on their website ("come join us if you dont wanna use graph lel") who use low-level short-stint past jobs at google to promote their personal brand on linkedin.

again, I follow every relevant dapp in the space and not a single one is following Goldsky. theyve been around since at least late 2022, so this is very telling of their progress. they're ants.

also as an aside, you once called aleph a valid competitor. so, lol

[Anonymous No.54471027]

>>54470744
I don't think they're going to win out long-term because operating as anything but a data silo would hurt their value prop, but I'm quite concerned about it siphoning potential fees in the near term, particularly post-sunset. The company revenue figure circulating in the grapevine is also nothing to wave a stick at. The Banxa integration is a big step in the right direction, and hopefully Banxa doesn't cause UX grief on their end.

But yeah, the only people I know of that are following them on Twitter are core devs in The Graph's ecosystem and a VC or two, the former probably threat monitoring.

>use low-level short-stint past jobs at google to promote their personal brand on linkedin
This seems to be a SOP of a sort at early-stage companies.

>aleph
They were first movers with Solana indexing, so that was cause for worry at the time. The issue with Aleph was that their model for indexing it was not nearly as scalable and explicitly had determinism issues, while was the protocol itself seemingly lacked scale. Substreams technology has also matured tremendously over the past two years.

[Anonymous No.54471041]

>>54464633
>>54464925
Lol cope. I ate the 12k lost on this coin. Made it back twice on different alts from this run up since new year

[Anonymous No.54471238]

>>54471041
>he didn't invest in the real make it stack

[Anonymous No.54471265]

I just bought some of this coin, what am I in for? Pain or pleasure kek
Whatever happens, God wills it

[Anonymous No.54471806]

>10% in 24h
It's over

[Anonymous No.54472791]

i just want to know is the $1 per 1 gurt delegated possible in the future? 2025? later? or is it out of realm of possibilities already.

[Anonymous No.54472809]

>>54463976
Is 1200 GRT enough to make it in 10 years? I just have it delegated and don't think about it. Does it even have a chance of hitting $10 per token with a 10 billy supply? I'll be happy if I get 100K out of it. Shit, 10K would be fine.