It's joeover right ICP will never break above this price ever again will it? Other coins are up like 2x and this trash can't even break $6. Worst investment in crypto ever

>>60654221 (OP)
>investment
dude, in DeFi there are coins that pay you protocol fees for holding the pseudo-stock
those are obviously investments/ unreg securities
icp is not a security, you don't get paid for holding it, dfinity does not defend the price with buybacks
why did you ever think this was an investment?

>>60654221 (OP)
bottom signal

>>60654221 (OP)
6$? Kek i remember when this shit was 600 :)

>>60654250
You could say that about any other coin but that doesn't stop them from pumping. ICP is just a piece of shit $4 stable coin with a scammer team

>>60654253
That doesn't exist for this coin if it did we would have already mooned like 100x over. There have been so many bottom signals and yet this shit never pumped

>>60654270
>You could say that about any other coin
currencies go up in value by demand
securities go up in value by revenue
you can obviously speculate on it, but it's much easier to speculate on things like AAVE, CRV, LDO
they have revenue and the DAO defends the price
it's also easier to speculate on things that have millions of users
ETH, BTC, SOL

it's categorically harder to speculate price on shit that has no demand, no users, no revenue and no plans to defend price/ issuance

>>60654287
99% of people don't even 'get' BTC, it's gonna be a bit before they understand the more complex aspects of DEFI.

>>60654221 (OP)
I knew their AI would fail. Injective does the same thing, more or less, and I prefer INJ because they didn't ruin thousands of investors.

>>60654221 (OP)
It's looking grisly for ICP, and I say that as a baggie. The caffeine launch is a fakeout as they onboarded maybe a dozen people to the alpha. They dropped like 3 keys on X today. I'm not sure what they are afraid of. An open beta has not even been announced yet. It looks like the hackathon from this week did not even make a blip on cycle burn rate which is the most important metric. Nobody is buying or mining BOB right now, which drove ~70% of burn for the past year or so. CBR is direct correlated with a price floor for ICP.

Dominic is an excellent Chief Scientist but he is an AWFUL public speaker, and it showed in a really bad way this week. He needs professional coaching if he is to summon the spirit of Steve Jobs on stage. He looks and sounds like an autistic sperg showing slide after slide.

>>60654371
Intershit Coom Poo Twat

>>60654287
Bear market bottom was like 2-3 dollars so yea if you buy here you're not losing money.

>>60654221 (OP)
>girlfriend walked in
>saw moomoo open
>said wow that looks serious
>said it is
>i was analyzing a dog coin with 14 holders

>>60654371
he actually presented pretty well considering how shit the product was ngl, but it sucked, just a bunch of losers thinking they’re devs now building super crappy react apps with very basic functionality, nothing but DEI paid participants in the crowd, awful

>>60654338
show link?

Buying ICP was one of the worst mistakes of my life

and honestly, it's so obvious and everyone who came before us was right, dfinity should stick to protocol development, there's no way they'll beat these juggernauts in AI and there are already so many cool tools, i can deploy ICP websites easily already and it's only going to get easier, they could've yielded that as a byproduct of everyone else's work but instead they're making something that's always going to suck compared to the competition instead of just making the underlying protocol better, where are my vet keys? why no XRPL RPC canister when XRPL has no programmability? why so many DEI hires?

>>60654530
It was impressive if you've never seen vibe coding before. But they clearly had an *applause* button for that rent-a-crowd.
I think the tech is neat, but what is caffeine doing that I can't already do with copilot, Claude, Azure and AWS?
And here's the question that is never answered honestly: why does it need a cryptocurrency?

>>60654654
see you just don’t know, use any of the command line AI tools with an ounce of coding knowledge, and yes you can absolutely do what caffeine is doing and then some, actually. the “orthogonal persistence” is the only different feature, the data preservation or w/e tf, but again tell me these AI companies haven’t already figured out data persistence or that devs haven’t already been dealing with that stuff forever, idk, caffeine feels like something the community should have created, then i’d be excited, but for Dom and dfinity to focus on it, not so much.

>>60654631
>>60654654
lol what is this weird fud?
vetkeys exist.
there are no dei, you can see everyones face on the website.
nothing that you retards mentioned can host decentralized ai.

Buying ICP was one of the worst mistakes of my life

OK, so ICP is shit. What about NEAR? I sold mine a couple of days ago and I'm starting to have second thoughts.

>>60654221 (OP)
Im happy I dumped $100k+ of Bob when I did. Sad I didn’t dump my windoge nor Dragginz sooner. Should have realized how bad the eco was dying and that VCs leaving and projects leaving was a bad sign. DSCVR probably left at the best fucking time from dipping from icp to solona.
Now I have no idea what to invest in other btc and eth atm. Fucking am lost on everything for this cycle because of god damn icp. I spent so much time in this cycle and the fucker couldn’t even get to $40 again.
If anybody thinks caffeine can compete with big tech you’re a fucking retard. If you give deepseek as an example deepseek was Chinese stolen tech to dump the price of nvidia to make a shit ton of money. You can’t compete with people giving their employees $100mil salaries and the fact nobody from dfinity has gotten snagged up by meta or any of the big tech companies and instead it’s just the faggots who got layed off from big tech tells you all you need to know. You have supposedly the best cryptographers in the world. Supposedly a cicada team with a tranny on it. And this fucking project can’t make any fucking money. What a fucking joke. I made a good amount of money from icps eco but has tought me that you can have the best tech in the world but you have no idea how to market it and don’t have the connections (especially to American liquidity). You will fail.
I hope coinbase and binance fund an American version of icp. Pretty much make an exact copy of this project and show dfinity how fucking poorly the went about implementing icp.

>>60655047
Thanks. Just sold 100k

>>60654221 (OP)
Took them like half a decade to find a narrative that finally did something good for the project overall (shift to AI) and even then that wasn't enough to give this piece of shit any meaningful momentum or anything to cling on for the long term. People are just not interested and that's difficult to understand. We had good times with this shit bros, I flipped it like a shitcoin when it pumped a few weeks ago and I'm using the funds it provided to get more Pepe and Ket and the like. That's all it's good for now.

I'm sorry.

Dumping like a shitcoin. Holy fuck. I’m tired of getting assraped like this. Four years and nothing to show for it. Selling everything now

Nothing really outperforms. Alts are dead. It's been steady at 35-38 for a year or two now.

I've tried swinging to other coins they all stay the same in ICP value with slight ups and downs. At the end of the day buying anything other then Bitcoin, ripple, and Solana was a retarded move. Yeah the future of ICP looks bleak but not any worse than the rest of all this garbage. At least it had potential.

>>60654221 (OP)
This coin has had the most carrots on a stick to keep bag holders holding and each one has been a disappointment that never delivered. Current carrot is Caffeine AI which is literal jeet shit. So fkn embarrassing this coin…

>>60655178
Don’t forget they changed how the marketcap was counted and bumped it 10-15 ranks up in marketcap now it’s at the same position as it was before that change. It’s fucking sad.
Everytime they managed to gain an interest in this project they failed everytime. Was even given two home run opportunities and fucked both of them up. Biggest fucking retards in crypto. Should of just been a research tech company with no coin and just providing decentralized services where you can burn eth or btc for cycles to host your content

>>60655191
Yep I think all the holders have realized it by now with how terrible that event was and have given up. There’s no more carrot anymore to dangle. It’s all lost its luster and nobody is falling for Doms shit anymore

I was at the event, the people I spoke to (both in the main audience and hackathon participants) were excited about what caffeine was capable of. It did have some issues - the UI screen would flicker and the model would get stuck in some kind of feedback loop - but refreshing the page seemed to kick it out of this cycle. I think the guys working upstairs had it patched by the end of day. The developers from dfinity that I spoke to all seemed to believe in the vision. They were working hard and were passionate about the project. One thing that seemed a little strange to me was that they didn't mention ICP very much, the focus was primarily on caffeine. I might be schizo, but they almost seemed like they were trying to distance themselves from the ICP brand.
The price action of the coin does suck ass, I've got nothing good to say about that. I'm not sure if I wholly dislike their approach, though. They seem interested in building something to attract devs to the ecosystem for long-term success.

soup /biz/ Uncle Daddy here. I bought back in at 4.50. I ejected from the werid cult community that had arisen inside of this twitter, dscvr sphere. You could not question these people. There was a nigress artist, Candace something. I started to do these gay ass twitter spaces with other ICP cult members. This woman was a black israelite who was literally demon possesed. Look at her art if you don't believe me. Candace... M something. It had a bunch of butterflies. Can't remember. She had a contract do paint the offices in Dfinity. Dom was going through some strange divorce at the time and in his haze of anti depressants started to have a penchant for this nigress. I got close to it. Too close. Egido and I were enroute to the Bahamas to do a documentary when our apartment was burgalrized and I was roofied. I was in a club with a GIGANTIC black tranny, like 6 foot 5. Tranny came out of nowhere.Then I blacked out. Wound up back in the apartment with the door open. The camera guy had his passport stolen. and I was suffering the come downs of a roofie od. I thought Egido was trying to kill me and caught a plane to the Bahamas.

Egido Val, despite being a schizo, was giving so much into those projects. I was too. Traveling, making things. We got rugged by that fat grifter bitboy on purpose to expose him but ICP is so dead it's impossible. If we had done those projects on Solana it would have been much better. The WAGMI Shit was fun, the OGMedals and Chilean coke fiend was fun.

But everything is scamming from the top. ICP is a literal scam. We can make money on the NFTs. Let's just do it on here. Discord servers are fucking gay.

>>60654879
caffeinAI isn’t even using onchain ai RETARD, look it up, they hope they do someday keke

>>60656024
i spoke to a dfinity dev about this, it's unfeasible right now to host caffeine onchain, as it uses a series of huge models - gemini, claude, gpt. each one is tuned for one part of the process, ie one model handles the front end, another handles the back, etc. they're looking into ASICs and possibly thinking of getting GPU rigs onchain to fix this someday, but it doesn't seem high on the priority list.

>>60656066
> but it doesn't seem high on the priority list
why should they rush? it seems like technology is still playing catch-up. no need to waste huge amounts of capital to buy tech that will be outdated in the next year.

>>60656024
hey retard, no shit. are you trying to say something?
what decentralized platform can host my ai agent?

>>60655978
Thanks for a genuine post here.
ICP is certainly not dead but they seem to put all their bets on caffeine, and if that isn't a hit it will be hard to get any traction

>>60656165
you’re the same archetype as the simpsons "genius" comic bookstore guy know it all loser, so idealistic and high minded but accomplishes nothing. caffeinAI doesn’t run onchain but your rebuttal is that it simply can if they so choose, like the kid on the playground who could skateboard but opts not to for, reasons... meanwhile i can simply use claude code CLI, launch right to the IC, and fuck all about it being decentralized if it works thousands of times better you’re so caught up in the narrative you can’t see it doesn’t fucking matter that it could potentially run ai onchain. it doesn’t fucking matter. the whole target’s pointless even if you hit it, because off chain ai run by these mega corps will always be better. dfinity should just improve the protocol. and yes, they had DEI at the SF demo, not talking about the dfinity website that hasn’t been updated in forever and half the team has already stepped away, retard.

orthogonal persistence orthogonal persistence orthogonal persistence orthogonal persistence orthogonal persistence orthogonal persistence awe shiot the price is dumping again

these websites are react apps, gemini/claude/chatGPT will build better react models than just about everyone, certainly dfinity, so caffeinAI's value prop is basically that it can deploy to the IC or offer orthogonal persistence. well guess what, deploying a damn react app to the IC is super easy if that's the value prop, major issue. you think these AI building tools from google won't be able to build with data persistence without stupid names like "orthogonal persistence"? yeah, sounds reasonable to me. so what's the value prop? it runs onchain? ok, but it's worse and more expensive. and you simply respond "but it runs onchain", then i realize i'm talking to an idiot

>>60656194
issue was always lack of devs (no incentives). good to target vibe coders.
but alpha caffeine probably sucks for a while.

>>60656220
skimmed and stopped. i recognize you.
no way icp could run caffeine onchain today. hardware would be insane.
there's 140+ active on the website. go check it out.
wasn't the SF event free? you ever seen the demographics of SF?

>>60656194
From what I saw at the event, caffeine does have potential. There were many people in the crowd who were into crypto, but didn't have programming experience. I can see a service like caffeine landing with them. One guy was interested in playing around with BTC defi with caffeine, he was able to make something akin to tornadocash with a few prompts. What I can't really see is what they presented, targeting a non-technical crowd that would probably use something like Wix or any myriad number of web2.0 services that already exist for building out things like landing pages or storefronts. i'm not really sure how it will play out, but the potential for some random person to spin up a killer app.... exists.
>>60656220
most of the people i saw at the event were white dudes, asians, and indians. I didn't feel like people were coerced to come based on their ethnicity or gender. There was a group of girls I met but they were from UC Berkeley studying data science. there were plenty of team members there as well and they all seemed passionate, pretty sure one dude i saw was gay but he seemed to be super into the idea and was good at his job.

>>60656240
the issue is that managing databases and hooking up all the scripts is a high barrier for normies. the onchain stuff matters to crypto bros who want to launch a defi game or make a trading bot.

>>60656272
i'd like to add to this that you're correct. they even mentioned it at the demo day in SF, something like caffeine is going to be offered by the likes of google, microsoft, and amazon someday. caffeine is trying to beat them to the market, similar to how spotify was able to take a good portion of market share from services like apple music because it had the first mover advantage.

>>60656249
> refusing to take in critical information, stops reading

i’m not active in the community so it’s impossible for you to recognize me and if you actually knew me you’d do the opposite and listen, but this is for everyone reading not just you. you’re already backtracking so hard. yeah it’s not onchain, it’s just other proprietary models. it’s literally a wordpress/WIX level AI website builder that launches to IC, admit it. most people will be too stupid to even figure out DNS and they’ll forever have the retarded IC URLs. yeah there are however many (~100?) websites made by centralized offchain AI deployed by these vibe coding retards, none of those sites will have an ounce of influence on the chain or the ecosystem. the “idea guys” are going to find out their ideas suck. and lastly, regarding your comment about the demographic, you clearly believe whatever you’re told and don’t travel, SF has some of the wealthiest, smartest demographics around. ICP influencers were bitching about $15 bagels for fuck’s sake GTFO

>>60656293
skimmed again. you keep making up things that nobody ever said. very dishonest behaviour.

this is you -
>icp doesn't offer what i need so why should i use it???
i don't know man, maybe don't?...

btw i used to live in sf, now i live somewhere even more expensive. the other silicon valley. gl.

>>60656322
who gives af where you live? beverly hills is more expensive and i would never want to live there. everything you said is retarded. the other silicon valley? what, texas? israel? shanghai? nobody knows what you mean when you say that. SF is not even part of the silicon valley...

>>60654371
>He looks and sounds like an autistic sperg showing slide after slide.
basement dweller wrote this

>>60656293
the caffeine apps all have full crypto integration from what I can tell, no other product can do this

>>60656322
>>60656362


Both of you retards need to look at this bit of reality FUD. Neither Dfinity nor ICP have a wikipedia page.

>>60656379
Literally none the apps launched in the hackathon had anything to do with crypto. They were basic front end apps. With Claude code I’ve literally made a multichain application that I tested I deployed on icp but realized why the fuck would I deploy this on icp. There’s no money in it at all. The best case scenario now is Adam giving you $25k and you can gamble it away

>>60654319
infinitely crashing pieceofshit

Who here was around for ICX? I remember anons on here would call ICX the ultimate butt fuck coin but I think ICP deserves that title more. This is the real ultimate butt fuck coin. It's a failed project, it might pump at some point but the opportunity cost of holding it will almost guarantee that you could have probably made way more money investing in something else. That's been the case so far and I don't think ICP will ever pump enough to redeem holders for the gains we coulda made had we held other coins.

I have a couple of questions though, is it possible for them to freeze staking and stop the stupid reverse gas model which basically charges devs and not users to interact with the chain? Also it would be essential at this point to fire most of the team outside a few core members so we can cut costs and stop all the dumps. Thoughts on that? What are these cocksuckers payroll expenses each month? And are they using funds from their treasury to cover payroll or are they dumping tokens to pay for it?

Something tells me it's the latter. Payroll for such a large team must be insane and that needs to be addressed. These guys ain't fucking Google or Microsoft to have such a big team, staking and all this other bullshit, that shit is for winners only.

Also, how many coins does the protocol print each month and can that be frozen? Why the fuck would you print a shit load of coins as a default function and not have it based on some demand style mechanism?

Why even print new tokens? Sorry I don't know much about the tech.

If they can freeze staking, remove the reverse gas model, and fire most of the team, etc, then we will pump. That's the only way this thing moves up.

Doing this stuff would reduce sell pressure and the price would pump and hold, which will attract a wave of new investors. Right now no one wants to touch this thing cause all it does is dump or crab between $4-5.

>>60657875
ICP places the impetus of creating profitable apps onto the developer, just like traditional web infra. However, unlike traditional infra, self hosting is not a possibility, and the cloud hosting option is a monopoly that is infinitely more expensive than web2. A wise developer once told me that the best server to host your app on was an old computer sitting under a desk somewhere. This is not an option for ICP devs. Dfinity plan to remediate is to subsidize through programs like grants, ICP Hubs (huge waste of money), and now, the ICP Alliance (seems to be put on hold). Caffeine as a strategy makes at least partial sense as it helps to stimulate the deployment of apps onto the IC.

ICP has a serious cost issue for devs. The real prices buried deeply and not well-understood. You have to convert XDR to USD and then convert the unit of storage from gigabyte-seconds to an amount of time you can wrap your brain around. When you do this, you intuit that the costs are much higher compared to traditional cloud infra.

It costs $0.43 to store 1GB of data for 1 month on the IC Blockchain. For comparison, that is is about 20 times more expensive than Amazon S3, which costs $0.02 for 1GB per month.

It costs $0.28 to transfer 1 GB of data inter-canister (internally) on the IC Blockchain. For comparison, it costs $0.02 per gigabyte for an Inter-Region transfer on AWS, making ICP 14 times more expensive for moving data around globally. By the way intra-regional transfers on AWS are FREE!

HTTP outcalls on ICP are perhaps the most ludicrous expense. The request body is limited to 2MB length, as is the response body. So if you were being perfectly efficient with your data transfer off ICP you could transfer out 1 GB of egress data along with a maximum ingress of 1 GB of data with 512 HTTP outcalls. The cost of this is $0.27. For comparison, AWS charges nothing for ingress and $0.09 for egress. Forcing devs to pay to bring data on to the IC is a possible fatal flaw.

/ourchain/

>>60658441
@grok is this true?

i’m waiting to see what happens once “caffeine” actually gets released in the meantime i’m not selling my coins, ghosts, ect but i’m definitely putting all future money into btc, eth, doge, ect…

>>60659104
I copypasted it into Grok for you lazy, incompetent Zoomers.

>Overall Assessment
The claims in your query are largely true, with minor caveats:

Accurate:
ICP’s lack of self-hosting, high storage costs ($0.43/GB/month vs. $0.02 on S3), high data transfer costs ($0.28/GB vs. $0.02 on AWS), expensive and restrictive HTTP outcalls, and complex pricing structure.
Dfinity’s subsidy efforts and the 20x storage and 14x transfer cost multipliers are spot-on.
Partially Accurate:
The "monopoly" claim overstates the situation; ICP’s hosting is decentralized across node providers, not a single entity. Costs are much higher than web2 but not "infinitely" so—hyperbole aside, the gap is clear.
Subjective:
Opinions like "huge waste of money" (ICP Hubs) or "ludicrous expense" (HTTP outcalls) depend on perspective, but the data supports cost-related frustration.
Broader Context
While ICP’s costs are significantly higher than web2 options like AWS, it offers unique benefits—decentralization, security, and potential token incentives—that might justify the expense for specific use cases (e.g., blockchain apps). However, for cost-sensitive developers, these prices could indeed be a barrier.

In conclusion, your query’s claims are mostly true, backed by the cost comparisons and structural differences outlined, though tempered by slight exaggerations and the need to weigh ICP’s unique advantages.

>>60654221 (OP)
I bought the top in december, then bought more to get my average down by 50%, then I was 50% down. I sold it all and put it into SUI that did a 2x so now I'm broken even on that sum of money.
Feels good getting out of that shit.

>>60659213
This GIF is how it feels to hold ICP.

>>60658441
And this is exactly what I found in simple ways when I first researched ICP, hey this sounds cool, let's try it...oh no this costs insane amounts of money with no big extra advantage running a simple website.
And with caffeine they just try to bring more people into their insanely expensive chain while all other chains cut costs for the user. For that caffeine has to be a wonder machine that creates insanely profitable apps. Soo nah it all sounds too good to be true

3-4 months till this pumps hard. Do not sell your bag now

>>60659274
Insane amounts of money? You can host a site for like 80 bucks a year it’s not even much more than godaddy or something

>>60659556
Agree. We gongo up

>>60659192
i ran my own grok4 search. keep in mind icp also adds the benefit of replication and decentralization.

>>60659556
what makes you say that?

>>60658441
>It costs $0.43 to store 1GB of data for 1 month on the IC Blockchain. For comparison, that is is about 20 times more expensive than Amazon S3, which costs $0.02 for 1GB per month.
>
>It costs $0.28 to transfer 1 GB of data inter-canister (internally) on the IC Blockchain. For comparison, it costs $0.02 per gigabyte for an Inter-Region transfer on AWS, making ICP 14 times more expensive for moving data around globally. By the way intra-regional transfers on AWS are FREE!
how did you get these numbers

>>60659774
Its price is among lowest historically and its currently making the most money it ever has. Mathematically undervalued

>>60659970
revenue's been massively down, though..

>>60659556
It’s been “3-4 months” for years now.

>>60660103
lmao

>>60657875
holy shit you're a massive faggot retard

>>60660687
I would break your face if I ever saw you you lil cocksucker

>>60657875
>the only way to move the price up is to massively downsize, fuck over investors who locked their money for 8 years, and make people pay to send chat messages on openchat.
can you explain how this will increase demand? realistically, wouldn't this just cause a massive sell off?

>>60660525
Caffeine will cook, seed investors are all out. Remember the exchange squeezes before? That's when we had seed unlocks too. October, November, December and peaking in January. Screenshot this

Thanks for playing

Even the haters can't make any argument why this isn't going to pump straight to $500 now that Caffeine is hitting the market soon. I've seen this specific moment with the other top 5 coins as well. It's honestly a no-brainer anons

>>60661658
>>60662154
Caffeine is a piece of shit. It’s literally nothing new. You can do what caffeine does with any CLI AI tool.
This just shows how retarded icp baggies are not.

>>60658441
>>60659192
It’s so fkn over…. Why would anybody use a 20x more expensive option…. The so called benefits are super niche and not even close to being worth 20x the expense. Jesus fuck this is like the equivalent of buying a snack for 20x more expensive because the snack is a slightly different flavour from the original. So fkn stupid

>>60661658
I don’t care anymore. I’m out. I still have 1,000 ICP worth of nfts but otherwise I’ve sold everything. It’s impossible for me to hold this shit anymore without feeling like a retard.

ICP finishing a wyckoff accumulation pattern, if it breaks out past $6.20 could be a confirmation of a move up finally. but i'm not hold my breath because of the transactions and burn rate being so low..

>>60662625
ICP is the king of fakeouts; it will pump just enough to convince a bunch of mongs that its broken out, only to disappoint for the umpteenth time.

>>60662625
Dude it’s just following the market any sort of real correction happens it’s going to $2. I guarantee it will probably hit $10 again but why the fuck would I risk any money on it when I can just have eth. Or any of the top memecoins that will do way more and have the liquidity backing it.

>>60662729
100%. Dfinity has no fucking money and they have to constantly dump the token for the payrolls. Let this project finally fucking die. It should fucking die it’s a fucking disgrace to crypto and every single person that believed in this project only to get shafted by fucking dfinity faggots not knowing and refusing to figure out ways to increase the price.

I don't know what to sell for but it looks grim. SXT maybe.

>>60661447
Downsizing or firing employees is standard when a company is doing bad, we can hire people when things take off. There's 0 reason to have so many employees upfront, why do you need 300 people working on a project right from the jump, what is this a government agency or something? Are these guys feeding their village? Employees are for established companies making money.

Also you can freeze staking and unlock the tokens somehow or some shit, idk. This would cause a massive pump actually because the market would see any effort at this point from Dfinity to address token performance as positive. Again staking is for established companies or networks. It's basically like a dividend system. You ever hear of unestablished companies paying out dividends? Offering staking up front is one of the stupidest fucking things a company can do, it just kills all token growth and in this case way more so because the cocksuckers gave millions of tokens away for 3 cents a pop and if only a few VC whales staked some of their coins which they most certainly did / are then you have constant dumping and sell pressure from these assholes.

And obviously removing the bullshit reverse gas model would be good too because that way the users and not the fucking devs pay for gas. Making devs pay for gas is so fucking dumb. Who thought of all this shit? What's my incentive as a dev to pay a bunch of gas to start building on some ghost chain? Nothing. This shit can come later when you actually have an ecosystem and devs are getting a return on their investment. Users paying for gas is a fantastic way to increase the burn rate and increase demand for the coin. These dumb fucks have literally done everything to put sell pressure on the coin, this team is literally retarded

>>60654221 (OP)
Swiss money laundering scam run by non-Swiss people. It's overpriced at its current valuation.

Fair market value = 4 cents (USD).

>>60663148

Hello gentlesir. I am here from the social media platform Reddit. How did you come to conclude that 4 cents (USD) would indeed be the fair price?

>>60662746
ICP has 100% not been following the market lmao what are you talking about? it always pumps last, while bitcoin makes its first significant down move. it's basically primed to repeat this pattern once bitcoin starts dumping in a week or two from tariff fears.

>>60663689
I’m talking about the pump from. $4.50 to $6. I agree it’s a piece of shit but it’s half assly following the market. The move to $6 has nothing to with caffeine or anything else

>>60663699
>half assly
I am going to start using this terminology.

Internet Cuck Protocol

if you pray to thor he'll send a single green candle to $20 to save you

if you dont take the lifeboat, what comes after is on you

never stray from btc+eth again

>Investors baffled by actions of their value extractor
>"why wouldn't they just x or y?!?!"
>discussing 'the team' on first name basis
>wild discussions about drama among first name basis (former) team members who 'hold different opinions'
>"if only john was still in charge!!!"
>"mike did x and that's why everything is down!!!"
>price forever in decline
>total radio silence, nobody else in the world actually knows or cares about the project (anymore), only the remaining telegram stockholm syndrome bagholders
>"Muh swap/staking/arcade/cookie/caffeine/etc. though!!!" cope, fueled by the 'team' hyping it and blowing it out of proportion (also never delivering on it)
>team keeps on 'extracting value' as investors pull their hairs out
>They just don't get it

These threads always end up the same way kek

whether it's icp or kanis w/e or chainlink or aviator, all the stupid shit you hypnotized schizos buy

Forever gullible

muh tech tho, dfinity hoolabaloo dominic dominic ungu ungu ungu bongo dongo bongo dongo, tech tech tech! dominic dominic dominic! capsule capsule capsule! unga unga bunga bunga hooga booga hooga booga

Thats me doing my stockholm syndrome ICP rain dance

>Seeting at team members who rug the project for $millions
>"THEY HAD A GOLDEN GOOSE HERE!!! THEY COULD HAVE HAD $20 MILLION INSTEAD OF $3.7 MILLION!!!!!!"
>"FUCKING GREEDY DEVS!!!!!!!!!"

Well we above $6 now nigga

>>60666607
So close to 666

The volume on this has been good above $6 and the unlocks are over. There's still a lot of staking rewards and neuron payments to dump.

Remember we moved from $3 to $20 in like a week on zero news at the depths of a bear market. I think it's risky to sell now and we will probably at least get back there. I don't think there's much better to buy currently.

If only John was still in charge!!!

I bought a small bag at 7 just in case. I don't know or care what this is

Where the FUCK is Moonman

>>60666678
im still wondering about that 3-20 move. curious who was buying, and whether they've dumped since.

Is Bob still a good play?

>>60667037
He's in Hong Kong, apparently.

>>60659192
>>60659743
>ICP’s hosting is decentralized across node providers, not a single entity
this is essentially meaningless and a lot of retards in this space (crypto) misunderstand what "decentralization" means
decentralization in crypto is the ability to run your own node or not—THAT'S IT
doesn't matter how many "nodes" you shoved in different jurisdictions, the only node that matters is yours
this is why shit like solana is not a real blockchain, and neither is icp

>>60668544
>this term means what I say it means THATS IT!!!!!!!

>>60667137
That was literally just because all the alts had a good run up. That's the primary reason I'm willing to baghold. 90% of the price action at this point seems to be from outside influence rather than the actual reality of icp. I bagheld it down from my first buys over $200 and accumulated about 3k icp at average of $8. Held it through the pumps up to $20 but i didn't throw away the longterm hold position expecting it to atleast hit 40 at some point. At this point if it hits $15 I'll probably sell 1k of them but going to keep a suicide stack at least. It's been a painful hold but in the grand scheme of things plenty of more retarded things have happened and I got a nice stack of bitcoin and other alts that have performed well enough for me not to lose sleep over it

>>60668544
>ICP and solana aren't REAL blockchains!!!
okay, and?
>>60668621
yeah hoping a real alt season is just around the corner

>>60666607
4 days now this piece of shit has been grinding on resistance doing nothing does it even matter anymore if it pumps? Everyone else has gotten rich besides us. This shit should be at $600 not $6. Even when it pumps it does not hold, there are massive dumps that bring the price right back down. We'll be lucky to see double digits in this bull market, you know how many fucking baggies are in this thing that bought in double and triple digits? There are so many resistance points that once hit will dump the price cause at this point most sane people just want to get their money back and run.

>There are people on /biz/ who bought this because a larper said nigger
Tells you all you need to know about the intelligence of the average anon, really.

>>60668701
>okay, and?
and if you don't have a blockchain, you don't need BFT, hence you don't need a native token to pay for congestion pricing/ interacting with the chain
AWS doesn't need an Amazon-coin because they don't have BFT, because they can just charge you dollars

if ICP wanted to compete with AWS, they should have just issued a normal stock instead of playing pretend blockchain
but since the project is not done by serious people, you have this decentralization theater "we have more than 1 node hurrr" to sell dogshit-tokens to VCs/ insiders and dump on the heds of unsuspecting cab drivers

>>60668556
it does, not because I want it to mean it, because that's what the useful part of decentralization is
your "we have more than 1 node" does absolutely nothing
my concept decentralization can fight a nation state

see how we're not the same?

>>60669160
I think that your points are partially valid. If you have to get vetted to run a node, there's a pretty low chance that you'll try to cheat the network - Dfinity will have their hand up your ass, doxxes you, etc. However, I don't think it's entirely meaningless either. IIRC ICP has a Nakamoto coefficient of ~30 against Ethereums' 3 or 4, and geological diversity on top of that. Outside of the discussion around bad actors, fault tolerance is still important for applications that would cause big issues if they were knocked offline. Dom and others have stated that one of the selling points of building BFT systems into the network is to counter cybercrime and not rely on AWS. Solana has experienced outages (iirc their validator nodes are heavily centralized on amazon servers, so when that goes down the network goes down), but ICP has not. It's done well at cutting out dependencies that many other blockchains have - AWS, Cloud, etc, and still remaining resilient and fault tolerant. The only remaining real dependency is Dfinity itself, that'll I'll agree with. I would like to see how the network will run if Dfinity were entirely absent. But yeah end of the day you sound like a decentralization maxi, and I salute you for that, but I think it blinds you to the advantages that decentralization can bring outside of your maxi standards.

>>60669514
I'll add to this that as far as price action goes, decentralization means jack shit. Solana is true decentralization theater, but it's gotten the adoption to pump up in price. Will it last forever? fuck no. But people who bought at a dollar are pretty happy. When it comes to ICP, I think there's a good chance it'll see adoption as well.

>>60669167
was thinking about this over lunch. "decentralization that can fight a nation-state" might mean something different to me than it means to you. for me, it means a system that simply can't be shut down or controlled by government powers, that provides personal freedom and allows its participants to act in their own self-interest. i believe that dfinity has achieved this criteria. nodes are spread out geographically. no giant corporation can be ordered by a government to shut it down. dfinity itself has offices in two different countries, switzerland and the US. it also has hubs of developers and people spread all over the world. it enables people to transact both value and data across borders outside of government control, enables anybody with an internet connection and a few tokens to access its compute, and now has a platform to grant non-engineers the ability to generate apps to organize data and value. it has never gone offline, never been hacked.
your post has made me more bullish on icp than i have been in a long time.

>>60670382
decentralized enough to hold off a nation-state? Homie, they couldn't even hold off NINTENDO
https://forum.dfinity.org/t/upcoming-proposal-and-discussion-on-content-moderation/9424

Go try to put anything up there that pisses off anyone with power and money, and watch it fold up instantly in the face of that.

>>60670431
dfinity abstained from voting on the matter. the canister owner chose to take it down himself after nintendo issued its cease and desist.

>>60670468
IIRC Dfinity waited to vote until after the canister owner had shut it down, upon which they voted 'NO'. Which is essentially what you said but we don't know if they'd have voted 'NO' if the owner had refused to take it down. I know the original discussions can be found in the archive.

ICP badly needs a few things imo: 1) Badlands implemented in a way that makes communication between it and the kosher part of ICP network relatively seamless, with the same token 2) a privacy token ("ICPP"?) using zk-SNARKs somehow running on top of ICP 3) some way to easily jump between ICP and ICPP via atomic swaps for plausible deniability

Bitcoin meant unstoppable money, Ethereum meant unstoppable simple logic, and sooner or later somebody's going to come up with unstoppable and tamper-proof cloud. Will it be Dfinity or somebody else with bigger balls?

>>60670584
(I don't really consider Dfinity to be the third step yet because I think the entire thing would fall down like a house of cards if Dfinity were decapitated. The code isn't even fully open source)

>>60654221 (OP)
MOON
A
N

>>60670431
it's uploaded annually, as it is intended to beg the question of what would happen. It was too soon to press the issue. It would basically have to lead to Nintendo attempting a 51% attack and we don't want ICP to become the Mario Ron Jeremy.

>>60670584
i agree with everything that you said. it's a shame that they pivoted away from badlands in favor of utopia. as for privacy tokens, it's kind of already been done: https://dorahacks.io/buidl/13168
it would be good to see a native implementation, though, maybe something like a "private transaction" tick box whenever you send icp.

>>60666232
>discussing 'the team' on first name basis
>wild discussions about drama among first name basis (former) team members who 'hold different opinions'
>"if only john was still in charge!!!"
>"mike did x and that's why everything is down!!!"

I think you nailed a great point here. That discussing the "team" on a first-name-basis, it's like a form of tribalism.
I used to trade mining stocks, and at first I was purely trading the charts and fundamentals and I was doing great.
But after I had held some poorly performing stocks for a while, I started getting into stock forums where people created "generals" for the bags I was holding. I started getting into arguments about the "team" and getting emotionally invested in the "vision" and the "roadmap" and hanging on every update and press release.
Eventually I had a moment of clarity and realised I was married to my bags.
I stopped reading the forums, stopped giving a fuck about the team and the vision or any of their updates.
And I dumped those poorly performing assets, and went back to trading on chart action and fundamentals.
I grew up and took the loss, removed emotion, and went back to being a/successful trader
(instead of a tribe/cult member true believer bag holder)
I see this tribalism over and over again and I also see charismatic team leaders taking advantage of it, for personal profit

>>60669010
The absolute truth. ICP is cursed and really needs to come up with something that kills all the bad feelings of holders. Literally it would need to fulfill the whole Internet computer premise. Without that the PA needs 5 more years until all old holders are shaken out

mario content violated dfinity's code of conduct for their boundary node.
illegal content can still exist in a canister, and does not get deleted.
if someone can set up an unofficial boundary node, they can serve the canister.
but boundary nodes will always be subject to laws in their jurisdiction.

>>60670771
based, well said

It's an awful phenomenon. Those financial cult projects know what they are doing too; they actively target this demographic of coping bagholders with stockholm syndrome. most experience a phase like that I think, but not all outgrow it

My dca is 44 bucks lol

>>60670771
Please delete this before John sees it ToT

$6 was just mega rejected again. It’s over.

>>60671319
> they actively target this demographic of coping bagholders
That's why all the scamcoins start telegram groups and shit too, so they can use bots to hypnotize a captive audience of bagholders with "WAGMI BROS Keep Holding <moon emojis" chatter to give the illusion of support and a sense of belonging to a tribe.
They also gamify it by eg. offering airdrops if you tweet ten times about how cool scamcoin is and type "WAGMI BROS" in the tg chat every day until airdrop.
It's just layers upon layers of greedy exploitative cunt behavior.
Let's go Link Marines :/

>pumps the least
>dumps the most
Fucking abysmal. I may as well list whatever NFTs I have left

>$6 rejected
Absolute pos

the faggot dev is like sergey cashing 1 million dollars after and before a massive event kek .just look at icp whale alert

>>60670382
>it means a system that simply can't be shut down or controlled by government powers, that provides personal freedom and allows its participants to act in their own self-interest
you can only do that if you run your own node
you do not have your own icp node

I'm not hating on this shit for no reason, brother
believe me, I would love to have a easy "I win button" for front-end, but dfinity is not it, icp is not locally run, there is nothing here

>>60670792
It all comes down to "nothing will persist that a big enough company or group doesn't want around".
You're much more likely to get censorship-free things on tor, or to host things via bittorrent over a VPN.
As regards free speech and censorship- token not needed.
There's no hope for this network. Heaven only knows what the token price will do, but it sure won't fight censorship.