My 2024 #bitcoin thesis:
> ATH late Jan or early Feb (ETF approval driven)
> cycle high in May (fade the halving)
> 8 months of pain (*but, but, but the halving cycle!)
> relief rally on US elections in Nov.
1/ My 2024 wishlist for ICP.
This comes from personal experience working full-time in the ecosystem as head of @demergentlabs and conversations with @BobBodily@dansteren@b_demann and input from others in the community.
If you have a weak constitution, please leave the arena.
$Taggr is the most interesting coin from a tokenomics perspective on $ICP. The primary way to get tokens is simply mining it by creating quality content on https://t.co/QFyJjQet32. It's fair and very transparent. The protocol is completely decentralised. It's the only token I accept excuses for the lack of liquidity because the people that owned now have the right to do what they want with their asset.
Elon has been alluding to that NFTs (the JPEG) should be on the blockchain, not just a link to a centralized server or IPFS. Currently, only ICP has the architecture to enable NFTs to be fully on-chain without being prohibitively costly.
For context, to put one gig of data on the Internet Computer, it costs $5 per year. On Ethereum it would cost $15 million. $48k for Solana, and over $200k for Avalanche. All ICP NFTs are currently 100% on chain and these include not only pictures but also videos, games, and apps.
The good news is that other Blockchains can use ICP canisters for their NFTs as well, so they can put their NFTs on chain at a reasonable cost.
@WilliamRoss99 @crypto_is_good Right now, there are a lot of people launching unfinished products and trying to get paid. I am going to start fudding them hard.
You cannot not be bullish on ICP if you have done your research correctly. As a dev, I am finding new capabilities I didn't even know existed on a blockchain. Dfinity's long term approach is what is going to allow it to become a top 5 crypto project.
100B market cap incoming.
So what the nodes are permissioned by a DAO made up of 16k stakeholders? I don't see the problem here.
At a high level, there are two ways to achieve node decentralization. Deterministically and probabilistically. ICP went with deterministic decentralization, meaning that nodes are carefully place by DAO and measures are taken to ensure the same entities don't own more than 1 node in a subnet, they are geographically dispersed, nodes are not all in one data center, and the entities are known to the DAO and public. Again, a perfectly reasonable approach and trade-off to achieve the scale needed to build tamperproof decentralized full stacks on chain.
The probabilistic decentralization wouldn't have worked with the IC's goal of building a scalable, tamperproof, decentralised world computer.
Essentially there is no FUD to address. What he saw as weakness I see as strength for the IC. Dfinity made a set of tradeoffs they deemed critical to achieve their goals and I agree with them.
@zen_codepath How is the network permissioned when the DAO that controls it is permissionless? Has a developer or user ever needed permission to access the IC? Do I need permission to submit a proposal to upgrade the network? This is a stupid FUD by someone who obviously doesn't like the IC.
Dear $ICP whale, the more you try to suppress $ICP at $10 the community will keep accumulating
and not selling any to you below $1000
Something to think about
Keep selling, we keep buying!🫡