Buy ICP or get left behind

[Anonymous No.57172460]

ETH integration is complete.
ETH Devs are migrating to ICP because it's cheaper and offers a world of opportunities not afforded by any other chain.
To do this, they need ICP to pay for canisters.
Nearly 50% of the entire supply of ICP is staked for 8 years.
Put simply
A serious supply shock is occuring.
The migration is draining CEX reserves on top of this which eventually will force them to buy spot to cover withdraws.

[Anonymous No.57172551]

>>57172460
How do you address the centralization problem. It doesn't matter if your subnet is ETH if it's supported by a base layer that only has about 140 nodes from datacenters.

[Anonymous No.57172553]

>>57172460
>ETH integration is complete.
nobody cares and nobody uses ICPoor for anything.
>50% of the entire supply
ICPoor has an UNLIMITED token supply.

better make another 50 threads begging anons to buy the useless ICPoor tokens lol

[Anonymous No.57172556]

3c

[Anonymous No.57172578]

>>57172556
>>57172553
>>57172551
Fud brigade out today. Has Avax recovered from the recent dump yet?

[Anonymous No.57172601]

>>57172578
It's a legitimate question. ICP needs to be more decentralized at its base layer in order for subnets to actually mean anything. That means it needs more node providers. So far everyone has gotten voted in but there's still no where near enough compared to the 900000 ETh has (even if it's mostly lido rocketpool etc)

[Anonymous No.57172610]

>>57172601
https://cryptosrus.com/lawsuit-reveals-jp-morgan-owns-critical-ethereum-infrastructure/?amp=1

[Anonymous No.57172627]

>>57172610
Yes I just said ETH has its problems, but how do we address ICP's centralization issues without flinging at other shitters. Also you don't have to use metamask or infura, but you do need the base layer for ICP. If this is going to be a top 2 coin that has to be addressed otherwise it will be stuck with XRP. How it looks now, ICP needs an overhaul at the base to create an equivalent, more centralized subnet that can be used for what they want it to be used for

[Anonymous No.57172633]

>>57172578
cope, enjoy your UNLIMITED supply shitcoin you dumb nigger

[Anonymous No.57172650]

>>57172627
>If this is going to be a top 2 coin
thats never going to happen because nobody uses the Poorfag computer.
No users, there is no money in it, there is no Defi, nobody is actually building anything of value on it etc.
Also a swap takes like 1+ minute.
there are some crappy flashgames that you can play tho.

[Anonymous No.57172673]

>>57172460
Mommy mommy get my tendies
Be they crispy or from Wendy's

Buy $TENDY today, the premier memecoin on the ICP network.

Show those roasties who's boss! Only 88,000 supply!

[Anonymous No.57172724]

>>57172460
I'malready deep in ICP but I can't grasp how a supply shock could possibly occur when the supply is infinite?
Is the supply on theoretically infinte, but is moderated by some mechanism, say like how there is unlimited air but divers need it delivered in a specific way and to get the air to do that requires time and labour and process?
It confuses me.
Still bullish though, it dealt with that dip earlier like a boss

[Anonymous No.57172733]

>>57172633
>>57172650
Ooh boy, these faggots are malding today. I can just seem them in some basement, balding, angry, hunched over some screen. furiously typing trying to save their dying shitcoin of choice as the true heir comes and kicks them in the balls. Out of our way nigger! We have sats to claim and copterbikes to buy.

[Anonymous No.57172769]

>>57172724
Bro, dude. Just because Icp can be minted doesn’t mean the supply is infinite. Icp also has a burn mechanism. What bothers me about biz, is it becomes painfully clear that you’re either dealing with 17yr olds who lack critical thinking skills or literal brain dead autists. kids who didn’t have fathers or basement dwelling sub IQ failures. But atleast try to pull your head out of your ass

[Anonymous No.57172780]

>>57172733
>projecting

[Anonymous No.57172781]

>>57172769
>>57172733
Yeah it’s like these people think CEXs are directly tied to the supply faucet. Lot of retards gonna get rich. I hope they sell their piss at $100 before the real fun begins

[Anonymous No.57172783]

>>57172769
>literal brain dead autists. kids who didn’t have fathers or basement dwelling sub IQ failures
Hey it's not fair to call me out three times like this

[Anonymous No.57172786]

>>57172724
Icp should become deflationary, it's not infinite

[Anonymous No.57172796]

>>57172769
the ICPoor token isnt used for anything and the supply is INFINITE.
its also not deflationary and never will be.

[Anonymous No.57172803]

>>57172724
There's about 5% supply increase annually to pay node operators and staking rewards. Also about 10% of the current supply will be unlocked over the next year and a half of 3c VC tokens. After than inflation will probably be 3% a year but could go deflationary depending on utilization. ETH has the same supply mechanics.

[Anonymous No.57172814]

>>57172796
Unlike $TENDY, which has a supply capped at a meager 88,000...

[Anonymous No.57172856]

>>57172796
Kyle, you’re in every thread. Whatever happens, icp is and always has been 1000x better than AVAX in every way. Stop thinking differently you cute little monkey

[Anonymous No.57172871]

>>57172460
>checks the chart
KEK!
no thanks, I'm good.

[Anonymous No.57172934]

>>57172856
>icp is and always has been 1000x better
nope and by every measurable metric its worse.

[Anonymous No.57172941]

>>57172627
I think the fundamental concepts of decentralization change a bit from eth.

In a way ETH2 (with PoS) is not really decentralized either. Computations are done on meganodes and individuals put funds into those nodes to insure computations are done correctly.

ICP is similar, with the exception that currently large datacenters are permissioned to join. I view this as a bootstrap issue and not a protocol issue. If anyone were allowed to spin up a node and run with the current incentives in place it would damage the financial incentive to participate in the network for the average person. SOL is a good example where bootstrapping fees and unpermissioned nodes have had and will continue to have extreme inflationary costs to holders.

I don't think it is fair to say that ICP is currently at an acceptable level of decentralization, but it also it is the cost of entry to bootstrapping this kind of network. If/when ICP sees wider adoption DFINITY will need to relinquish the node criteria to any provably capable hardware system.\

The fundamental difference between ETH/ICP in terms of decentralization is the permissioned node. Most poorfags dont have 32ETH, also most poorfags don't have server racks to host nodes on ICP. Both poorfags can participate in governance.

[Anonymous No.57173264]

>>57172941
>In a way ETH2 (with PoS) is not really decentralized either. Computations are done on meganodes and individuals put funds into those nodes to insure computations are done correctly.
At least not in the way ETH was before the fork. I do like the fact it enables decentralization by having the option to run a node but people bypass it by refusing to run their own node and delegating to pools to do it for them leaving it open for an attack.
>ICP is similar, with the exception that currently large datacenters are permissioned to join. I view this as a bootstrap issue and not a protocol issue. If anyone were allowed to spin up a node and run with the current incentives in place it would damage the financial incentive to participate in the network for the average person. SOL is a good example where bootstrapping fees and unpermissioned nodes have had and will continue to have extreme inflationary costs to holders.
I don't think the average crypto investor in the modern age is technically competent enough to do this anymore . Also giving the rewards to fewer entities like data centers only serves to increase centralization through a localized distribution of rewards. I kind of agree with SOLs problem, as a few early adopters were able to assume control of the network through owning most of the nodes, but should these node providers not relinquish control after a certain point then we're ultimately in a similar situation. The only difference being these have been handpicked by dfinity. I'm curious to see what comes next because there is a lot of potential here but I think the sooner they address this the better.
>Most poorfags dont have 32ETH, also most poorfags don't have server racks to host nodes on ICP.
Good analogy and puts into perspective how most chains struggle with the same shit

[Anonymous No.57173308]

>>57172460
>nearly 50% locked for 8 years
then why does the circulating supply show 90% of total supply?

[Anonymous No.57173312]

>>57173264
>>57172941

There's already too many nodes for current network utilization. Further decentralization will come with adoption. Also, badlands soon.

[Anonymous No.57173487]

>>57172934

[Anonymous No.57173546]

>>57172783
I like that picture

[Anonymous No.57173562]

>>57172724
ETH had a supply crunch when everyone made projects that required locked up ETH. Think of all the projects and also liquidity pairs that might need a large backing of ICP in order to operate, this cuts the floating supply down and moves the price upwards over time, retail and big groups are what creates a supply shock, not just burning a bit for gas which this does at a very small scale. Anyway make sure to be out before the eight year unlocks.

[Anonymous No.57175192]

>>57172783
>ruth ginsberg died while pic rel were age 7
Didnt she die like 5 years ago

[Anonymous No.57175210]

>>57172551
>How do you address the centralization problem.
It's simple. You don't.
Some project rely purely on on decentralization as a fundamental characteristic of it like Bitcoin while others don't.

[Anonymous No.57175212]

>>57172460
Hope you guys bought. $30 End of month

[Anonymous No.57175970]

>>57172601
here's the official report
https://forum.dfinity.org/t/the-path-to-decentralization/20922

[Anonymous No.57176024]

>>57172601
>compared to the 900000 ETh
there is maybe 5-10k full nodes.

[Anonymous No.57177455]

icey pee

[Anonymous No.57177472]

It's really simple. ICP can host websites and massive, resource intensive web apps and Open Internet services like Openchat much cheaper than any other blockchain.

ICP also secure by default, unlike "decentralized" services running on other chains, that rely on AWS or Microsoft to host most of their data. These services are INSECURE by default and tons of money and resources are wasted trying to build ways to make them secure. And yet there's frequent news about wallets and bridges being hacked.

Over the next 2 years, Web 3 will be built entirely on ICP because of this. There is no stopping it, for it is the inevitable progression of blockchain technology.

[Anonymous No.57177661]

>>57177472
it can even host entire operating systems

[Anonymous No.57178223]

Im poor so i bought TENDY on icpswap. Easiest1 100x ever incoming

[Anonymous No.57178236]

[Anonymous No.57178237]

>>57177661
I have a huge bag of windoge 98 but I think TENDY is primed to pump much harder short term.

[Anonymous No.57178549]

>>57178237
everyone loves chicken

[Anonymous No.57179884]

>>57178237
>>57178223
in the short term it's actually taggr, who else is shilling tendy besides you two.