$ICP #ICP生态 Someone is promoting that the staking rate of ICP has reached a new high I wonder if you can change to a different group of promoters?
This kind of foolish promotion is mentioned every day
Are you afraid that others don't know how many people are in your car? Are you afraid that others don't know that the people in your car holding local currency at high interest will only sell and not buy? There are more people in the car than those pushing it, only a fool would push your car.
I haven't even broken even yet, can you wait until I do before you promote it slowly?
$ICP #ICP生态 Thinking of a point The rise of SOL is inseparable from one thing: the strong intervention of large capital, which completes sufficient turnover in the process of soaring and plummeting, with capital consuming a large number of retail investors' chips.
So, will there be large capital intervening in ICP?
My answer is: most likely not
Some people take a 1x increase and choose to cash out, some take a 2x increase and choose to cash out, some take a 5x increase and choose to cash out. This is why countless people online say they bought SOL or BNB at such low prices, but couldn't hold on.
If there weren't so many people choosing to cash out, there wouldn't be today's SOL and BNB.
Sufficient turnover is a necessary condition for healthy growth.
So is it possible for ICP to achieve sufficient turnover?
No, because the staking rate of ICP is close to 50%, meaning nearly half of the chips are locked up; regardless of how the capital rises or falls, the doors are welded shut, and they cannot cash out.
If large capital really intervened, every rise would only enrich those on the bus, while capital itself profits very little.
When there are too many people on the bus, more than those pushing the bus, the best choice for the pushers is not to push this bus.
And the entire ICP ecosystem has adopted the staking logic of ICP, often starting from 8 years, which is why even for ecosystem tokens that have already gone on CEX, there are no signs of capital intervention, and even market makers are unwilling to get involved in the ICP ecosystem.
This is a capital market. If you firmly believe that technology does not need capital, DFINITY should transform into a laboratory, living off selling patents and technical support, rather than living off selling tokens.
Don't forget, operating systems were not invented by Bill Gates, but those who invested in Microsoft early on were able to make money.
As for those technical pioneers, perhaps we can erect a monument for them, commemorate their contributions, and acknowledge their status.
But in the capital market, you should stay away from these technical pioneers, because you won't make money.
Capital does not do charity, and we do not do charity either.
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There is only one narrative in the crypto world called the main force driving the market. The only fear in the crypto world is the main force crashing the market.
The current market trend is called the zombie coin market, where the 'heavenly beings' take turns rising.
First, they drive the price up, and then you will see everywhere great scholars debating for EOS, FIL, ICP.
Haha, the reason why 'heavenly beings' are called 'heavenly beings' is not without reason. After this round of bull market turns into a bear market, how many more people will the 'heavenly beings' bury? Let's wait and see.
EOS is really 1U now, the recent speculators are specifically targeting these dying coins for speculation 😂 No, brothers, it's not the end of the bull market yet, I'm scared with you guys doing this.
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$ICP I'll say it again, you won't see a 3-digit ICP in your lifetime.
What's the fuss about this small increase?
Previously, ICP's ranking on CMC was 24, now it's 27. Do you know what that means?
It means that although ICP has risen, others have risen even more than ICP, which is why ICP's ranking has dropped despite the increase. It means that in the past month, if you bought something with your eyes closed, the increase would likely be much greater than that of ICP.
Let me first state the conclusion: ICP is absolute garbage, unless you just want to do charity in the blockchain and give your money away to a group of devs who think they are so awesome.
Since I started playing with ICP, I have been on the chain almost every day. I think I understand ICP better than most people who brag about ICP in the square. If you don’t agree, come and argue with me.
1. The so-called advanced technology is all PPT and theory, with no practical cases.
2.ICP’s technical route is more about providing solutions to false demands.
3. Vitalik Buterin's theory is that in the impossible triangle of blockchain, decentralization > security > scalability. Decentralization is the core of the core of blockchain, but I give ICP 0 points for decentralization.
Why do people start to care about fundamentals when A-shares are rising? They say that prices without fundamental support are false.
Anyone can say this, but people in the cryptocurrency circle must not say it.
For these projects in the cryptocurrency circle, there is not a single product, not a single penny of profit, and not a single practical application has been developed. Aren't they still worth tens of billions or even hundreds of billions?
For public chains, without the prosperity on the chain, the price of the currency cannot be supported. I am responsible for this conclusion.
So, SOL with 1 million daily active users on the chain and ICP with less than 10,000 daily active users. Who is underestimated and who is overestimated? 😁
You may say that the daily active users of ICP on the chain will grow exponentially. I can only say that it is hard to say how the technology will be improved in the future, but it will not be now, because ICP's technology cannot support a large number of users at all.
Don't listen to others bragging that ICP technology is awesome. ICP's technology is indeed "new", but its stability, throughput and stress resistance are very poor. *When the inscriptions became popular, ICP was severely congested and a large number of users could not be responded to. *The subnet where BOB is located is still abnormally congested, and a large number of users cannot be responded to, and it has not been resolved so far. *Since the beginning of this year, I have personally experienced that the core NNS on the chain has completely crashed once, the node where the ICS is located has been offline three times, and the subnet has been severely congested and the interaction queues have been long twice.
ICP's current technology and network capabilities cannot withstand 100,000 daily active users on the chain, let alone 1 million daily active users.
[Lest someone say I only come out to FUD ICP when the price drops]
Everyone who praises ICP on the Internet has failed to explain the relationship between the DFINITY Foundation and the ICP coin.
*DFINITY is DFINITY, and ICP is ICP. *ICP is just one of DFINITY's products. *UTOPIA is also a DFINITY product, and it seems to have nothing to do with the ICP coin at present. *The so-called cooperation between the United Nations and Cambodia and DFINITY also seems to have nothing to do with the ICP coin at present.
The only thing that is certain is that all expenses of the DFINITY Foundation and the cost of recruiting and hiring personnel are all paid by selling the ICP coin. 🙃
Today, I update the 7th point of view in the ICP series:
How is Dom's character? Not very good, very not very good. If a powerful leader is replaced, ICP will not be like this.
The following is provided for your appreciation:
1. He once claimed that "99% of blockchains are garbage". No matter how good ICP is, it is extremely stupid for a leader to make such remarks. He only cares about his own words and completely ignores the development of the group. Those who shoot indiscriminately and make too many enemies will never have a good end.
2. He has severe persecution delusion. SBF is the enemy of ICP, the New York Times is the enemy of ICP, Messari is the enemy of ICP, and everyone is the enemy of ICP. As long as others do not praise ICP, they become the enemy of ICP. He is really arrogant and thinks that the whole world is against him.
3. He is an extremely narcissistic person. Anyone who has followed his Twitter will understand what I am talking about. He is always showing off a sense of superiority that he is the only one who is superior to others.
4. He is an extremely sensitive person. He deletes posts and bans people at will. Anyone who has been to the ICP forum knows that under his leadership, the entire ICP community will never allow different voices to appear. Want to criticize him? Haha.
Dom is the biggest short seller and stumbling block of ICP. I am responsible for this conclusion.
Today, let's talk about the sixth point of ICP: Is the pledge of ICP reasonable? It is not reasonable. The most important thing is: early redemption is not allowed. Many people may have only heard that the pledge interest of ICP is high, but they have not really understood how complicated the pledge mechanism is.
1. The pledge of ICP is not to pay interest directly, but to participate in voting, and the interest will be distributed after the voting is completed. In order to obtain sufficient interest, you need to log in to NNS every now and then for the so-called "voting governance". *Regarding voting governance, I have previously argued that either you can log in to NNS every day to vote, or you can follow the foundation or others to vote. It takes up a lot of your time or you actively give up your power, choose one of the two. *The false democratic illusion of "voting governance": Dfinity does not initiate proposals for truly important things, but does it privately, and then strictly prohibits discussion on the forum or even bans the account. The proposals are all trivial matters, so that everyone can feel the so-called "democracy".
2. ICP pledge is divided into two parts: "lock" and "dissolve". For example, in order to get the highest interest of about 16%, you pledged for 8 years. Do you think he will return your principal to you after 8 years? No, you just clicked "lock". The so-called 8 years means that the calculation starts after you click "dissolve". You lock it for 8 years, get enough interest and want to withdraw the principal, then you click "dissolve" and wait for another 8 years, that is, 16 years. In the words of Crypto Planet, what kind of idiot would go to ICP to pledge for so long.
3. ICP sets the shortest pledge period, which is currently 6 months. He tells you that there is also 8% interest for 6 months, but he doesn't tell you that there is no interest below the shortest pledge period. In other words, if you want to make a short-term pledge for 6 months, and click "dissolve" after the pledge, then you will not receive a penny of interest. Or you can click "dissolve" after pledging for 6 months, and wait for 6 months to get your principal, but he will only pay you 6 months of interest.
4. ICP does not allow any form of early redemption, even if you voluntarily give up the interest, even if you pay the penalty. If a major change in your life occurs and you need money urgently, you will not be able to get your property back.
Except for a small number of people, almost all of those who joined the 8-year party were deeply deceived and had a hard time talking.