2Yr·

….super high conviction ;-)

18.03

Internet Computer

Bought at €11.47

23 Comments

Mau@ProMau

2Yr

Somehow the company name also sounds like a bad joke 😂

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Mr. Blue Sky@MrBlueSky

2Yr

@ProMau...right. ....aber the content!

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Nicodemo@Nicodemo

2Yr

@ProMau you won the price of the most dumb and useless comment on this app

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Friedrix@Friedrix

1Yr

ohhh 1:0 for @Nicodemo HAHAH

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Lucrash@KapriolenCapital

2Yr

Wasn't that a mega ico scam?

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Mr. Blue Sky@MrBlueSky

2Yr

@KapriolenCapital nope. SBF had a hand in that. ....deswegen ICP is currently still massively undervalued.

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Lucrash@KapriolenCapital

2Yr

@MrBlueSky Yes, because you can trust SBF so much 🌚

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Stefan21@stefan_21

2Yr

@KapriolenCapital It is exactly the same

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Nicodemo@Nicodemo

2Yr

@KapriolenCapital if you say this, i can tell for sure you haven’t looked 2 sec at the projects ICP is developing, the team behind the project, etc.

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Stefan21@stefan_21

2Yr

Let's be honest: Why should there be a use case for a second decentralized Internet? It's a serious question - I'd like to be able to understand your enthusiasm for ICP😅

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Mr. Blue Sky@MrBlueSky

2Yr

@stefan_21
Let me try to explain it like this:

Bitcoin was the start - the internet got a currency. It was the first innovation in the newly born cryptospace, even if this space was only defined later.
BTC has been copied hundreds of times and apart from Monero, I don't see a copy that will exist in the long term.

Ethereum was a game-changer - the second big innovation in the crypospace. The people who understood the potential of smart contracts early on, ....now, the return on investment in recent years is well known.
ETH has been copied thousands of times. New chains enable essentially the same thing as ETH, only faster and cheaper. That doesn't change the fact that ETH remains the top dog.
All chains do the same thing: Enable transactions between web2 based hosts. Cryptography ensures that the transferred assets are "secure" - they cannot be duplicated or hacked.
In terms of security, the weak point lies in the web2-based hosts. These can and are hacked.
Currently, the annual cumulative global costs of cybercrime and cybersecurity are estimated at an incredible USD 20 trillion. And the trend is rising.
So how about "cryptographing" not only the assets to be transferred, but everything, including the online hosts?

And that brings us to the 3rd innovation in cryptospace - ICP. Everything is operated onchain and is tamperproof / cannot be manipulated.

A decentralized, or better, "democratized" Internet is not only better because it saves costs.
Just think of Elon Musk, who bought Twitter to "secure freedom of expression". You can think what you like about this, but it will become an increasingly important issue in the future - how secure and unmanipulable is webcntent?
In the ICP network there are blog providers, news feeds, etc. who choose ICP as their basis for this very reason - it cannot be manipulated. Content can only be changed or removed by the author.

The question of manipulability takes on a completely different dimension with regard to artificial intelligence and is being discussed among AI experts. Do we want to place "the knowledge of the world" solely in the hands of Jeff Besos and Google in the future? A world that increasingly trusts artificial intelligence should above all be able to trust that the information provided by artificial intelligence is the result of computing power that is tamper-proof.

Last week, Dominic Williams, the head of ICP, introduced and demonstrated AI on ICP. It's still slow, but it's tamperproof.
Indefinite scaling is possible with ICP. This would not be possible on any other chain.

The Dfinity Foundation, based in Switzerland, is home to the largest developer team in the cryptospace. In the scene, it is called "the greatest employer of ex-GOOGLE researches".

This is not a shitcoin teat shop!
It's a vision materialized.

Let's take a look at the market capitalization: 5 MRD.

Just for comparison: the market cap of Matic is 9 billion.
Matic is merely a second layer for Ethereum.

Last year, ICP launched ckEth and ckBTC. In other words, ICP is ALSO a second layer for ETH and BTC at no cost!
This year, a BTC-ordinals marketplace will be launched on ICP.
The implementation of Solana is supposedly coming this year.

The market capitalization of 5 billion is a joke in my eyes.
ICP just doesn't do marketing like Solana or something. YouTubers vilify ICP because they don't receive any goodies as kickbacks for spreading misinformation and hype generation.

SBF recognized the potential of ICP in 2021. Having invested heavily in Solana himself, he and alameda opened perpetual trading on FTX before the launch of ICP and themselves pushed the price (BEFORE the launch, mind you) to well over USD 2000, only to dump it at the launch. It was a disaster. ICP became a victim in the unregulated market.
In the face of such a rapid price drop, everyone sold. The VC investors sold every tranche that was released from the staking at a profit. Until today.

The last tranches will be released in May this year - which means there will be no more pressure to sell from May onwards

Sentiment among retail investors regarding ICP is poor. Here at Getquin, this can also be clearly felt.
An almost perfect setup!

I have been following the developments at ICP since 2022.
I would like to be "all in", but I have to take into account the possibility that the market will only recognize ICP's potential in the next bull run.

You asked me why I am so enthusiastic about ICP?

Because it will be an epochal trade ;-)

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Stefan21@stefan_21

2Yr

@MrBlueSky Thank you for the detailed answer! :)
I also see the cybersecurity problem, we don't have "cyberspace" under control at all yet. I don't know if you know Jason Lowery's software, but that's more or less what it's all about.

I can also see that it could become an "epochal trade" because, as you say, ICP is running virtually under the radar and, of course, if the big hype breaks out, it could be hugely worthwhile.

But apart from the price, one thing bothers me in particular - and that is the network effect. The more users the ICP network has, the more valuable it becomes for each individual participant. But in my opinion, ICP can't catch up with the current internet, at least I don't have the imagination for it😅
It also makes no sense for companies to offer their service on two different "Internets", if only because of the costs. Or am I missing something here? :)

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Mr. Blue Sky@MrBlueSky

2Yr

@stefan_21...it is by no means a 2nd Internet. It goes over seamlessly, bye. You don't even realize that you are "on" ICP. Just visit the website of ICP and the other projects - all completely onchain at a speed that is in no way inferior to Web2i.

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Mr. Blue Sky@MrBlueSky

2Yr

@MrBlueSky The network effect will come. And people who don't want it will still use it - without realizing it. In my eyes, this is the first caoin that is actually compatible with the masses.

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Stefan21@stefan_21

2Yr

@MrBlueSky But would I be able to find a website from ICP on google, for example? Or how can I imagine that?

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Mr. Blue Sky@MrBlueSky

2Yr

@stefan_21 e.g. the Icp website that you access via Google is not hosted on a web2 server, but on ICP. There used to be a corresponding note on the page.

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Krush82@Krush82

1Yr

@MrBlueSky Serious question..... how much time are you giving the project before it really takes off? The adoption of the chain is still poor so far in terms of DAU and transactions.

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Mr. Blue Sky@MrBlueSky

1Yr

@Krush82.... I don't know what you mean? Are you referring to the Forbes article? I wouldn't put any more stock in it than in their analysis of SBF as the biggest entrepreneur 3 years ago ;-). ICP has the best, most mature and above all most user-friendly technology, period. ICP is the "Apple" of cryptospace. In the beginning, Apple was just a small community that turned away from the mainstream (Microsoft). I will hold my position and I am not worried about it. Six months ago, ICP was in 34th place and today it is in 18th place. I expect ICP to have a run similar to the one Cardano had in 2020/21. I see ICP in the top 5 in a year's time, but of course I could be wrong in my assessment.

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risk_manager_2176@risk_manager_2176

1Yr

@MrBlueSky Are you still planning to buy more? If so, at what price, and what kind of development do you expect in this or the next bull run once ICP catches on and people realize its potential?

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Mr. Blue Sky@MrBlueSky

1Yr

@risk_manager_2176...I am fully invested. I started building up the position 2 years ago and did quite well at the absolute "low". My ICP have been staking since then and that's meant I've accumulated quite a lot in the meantime.
My original plan was to sell ICP in tranches when the bull run gets "hot". I'm currently rethinking that. I assume that next year the taxation of crypos will be reformed according to the Austrian model.

If I had no position I would buy as much as possible now - we will probably never see these prices again.

If you plan to sell your position at the top of this cycle I would choose the ETP - staked of course.

If long term: Buy ICP spot and staking for at least 4 years.

As far as price performance is concerned - well, that is definitely unpredictable in general and in the crypto sector. If everything goes well and the masses take note of the upcoming launches and developments, I expect at least a 15X from the current level. ....but my opinion is worth nothing ;-). The market decides.

This year ICP has been deflationary, if only for a few hours.
So if ICP gets real traction, I could see us having to fork out 4-digit euros for 1 ICP before the end of the decade.
In such a scenario, it would of course be nice to have a chunk of ICP that you could sell tax-free at any time, but don't have to, because the staking rewards alone will secure your pension ;-)

....we will see

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risk_manager_2176@risk_manager_2176

1Yr

@MrBlueSky Thanks for the answer! I actually plan to increase my exposure from 15 to 30%, and also go into staking. Did you stake your ICP via Binance or directly in ICP Neuron Staking?

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risk_manager_2176@risk_manager_2176

1Yr

@risk_manager_2176 and a supplementary question: did you then simply select 4 years neuron dissolve delay and start dissolving directly or how did you implement your locking time?

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Mr. Blue Sky@MrBlueSky

1Yr

@risk_manager_2176...I stake in the neuron network. I would generally advise against leaving cryptos on the exchange.
You should bear in mind that you won't get any more rewards for the last 6 months of the "dissolving period". Staking therefore only makes sense if you want to hold beyond this cycle.
Furthermore, you have to vote regularly in order to collect as many rewards as possible. I follow the Definity ORG, but not all applications are voted for.
....ich started with dissolving right away and then extended it twice more later on.

In the next bear market I will (hopefully) buy a good chunk more and then go into staking for 8 years+ and collect 15%+ annually from then on - that's the plan.

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