Thread #62117652
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I successfully turned a liquid $50,000 into an illiquid $12,500 thanks to ICP. AMA
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>>62117652
how long have you been holding? why didnt you wait for the $2 bottom that happened 4 years ago
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>>62117652
Why did you think it was going to be a good investment?
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>>62117661
Have been DCAing over the course of nearly 4 years.

>>62117699
Seemed like a legit infra token project. Active github with strong team at one point. Jan, their CTO, left late last year which I think was the turning point at which I realized "it's over."
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>>62117724
Have you ever used it/made anything with it?
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ICP going from a high of $700 to $2 today is just diabolical. How many of you kiddies tried to grab the candy at $100, $75, $10, $5, etc. thinking that was the bottom? SAVAGE LOL
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>>62117743
Yes I am a developer and played around with it 2 years ago. I quickly realized a few things:
1. Dfinity still does not have a cost-effective long-term, scalable storage option. Daddy Dom keeps referring to a "block store" these days but currently no such thing exists. You have to store everything as in-canister memory. They recently decided to increase the storage cost from $5 per GB/yr to $12.50 per GB/yr in a pathetic attempt to increase cycle burn rate, and justified it by saying block storage is "coming soon."
2. Motoko is an ugly, gay programming language once-pushed by that (brilliant) gay pervert Jan Camenisch. Now that he is gone, I'm not sure who is leading the technical development. I would not waste my time learning this, it is the programming equivalent of trying to become fluent in Klingon.
3. As an alternative to Motoko, you can develop with the Rust CDK. Rust would have been an OK choice but it always plays second fiddle to Motoko when it comes to feature set. For example, Rust doesn't doesn't get stable memory via stable vas, you have to manually serialize everything.
4. There are community-maintained (ok actually just one guy wrote POC versions) ICP SDKs for Python and TypeScript (Kybra and Azle) but they are woefully far behind and effectively useless for real development.

ICP's core promise was "run anything at web speed on-chain." Two+ years later, storage is still expensive RAM-in-disguise with no blob primitive, the language story is "use our custom one or deal with second-class support," and multi-language dev is a side project. Cycle economics continue to favor burn rate over developer experience, and key technical leadership has turned over during a reorg.
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>>62117772
Damn, they really fumbled this. I’m genuinely sorry that happened to you now.
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>>62117751
Yeah, I know. It's fucked. Sometimes you have to swing for the fences though. Oh by the way, Caffeine.AI fucking sucks. It is just an EXPENSIVE Claude wrapper with some ICP deployment scaffolding. Big Daddy D is out there on Twitter taking victory laps, claiming a million new developers on ICP thanks to Caffeine. Meanwhile, the actual Cycle Burn Rate has not moved. Not even once.

The only project which actually made ICP deflationary, if only for a moment in time, was BOB, Blockchain on Blockchain, which effectively was POW-style mining using the ICP network... lol! Honestly, it was a good stress test and proof of network capacity.

The truth is, unless ICP nodes can be oriented to actually deliver AI inference (the new compute), ICP is dead in the water. I am soooo fucking disappointed they decided to focus on Caffeine, which is a separate, for-profit entity. Which will fail because it obviously sucks Which basically means IT'S OVER.

If any blockchain comes out that can actually do AI inference 100% on-chain (which literally is what ICP SHOULD be doing), I will invest in it big time. Just watch out for retarded leadership. Dominic Williams is an aspie moron (HORRIBLE public speaker) whose family left him, and wants nothing to do with him except for receiving token grants (just look this up). Surrounds himself with yes-men. I should have invested in someone who has a better background besides founding a game called "Fight My Dragon"
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Here's my question, why wouldn't you just cut losses and run away now? Are you really going to keep pouring in money until ICP gets delisted from all major exchanges?
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>>62117724

How stupid do you feel. Serious question. What does it feel like to get suckered this badly. Describe it.
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>>62117652
I have 181 @ $3.4. I'm not sure how long I am going to have to warehouse it on the books.
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>>62117751
why would anyone buy into that chart? may as well spend money on ice and put it outside in the summer.

what would be the catalyst for it to go up ever again?
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>>62117815
That they deliver on their promises. OP is complaining about tooling and storage and dfinity has been promising solutions that have not been materialising. Instead of working towards their intended goals theyre shifting towards AI or whatever the fuck caffeine is meant to be.
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>>62117802
Why, you stroking to this? Anyways. Well I don't feel *that* bad. I have a good job with good income, so it's not like I bet the family farm. ICP is/was one of those "swing for the fences" type plays. I guess I could have bought defense stocks or whatever else and doubled my money. At this point, though, I have stopped my DCA.

>>62117838
You pretty much nailed it. Actual roadmap development has ceased. I am pretty sure Dfinity is running out of money and Caffeine is an attempt to harvest from what they built. ICP has ended up being a cool proof of concept, nothing more. Nobody is interested in making 100000 variations of Pac-Man on Caffeine.
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>>62117870
I was surprised that my coinbase order I made in 2023 for 5,000 ICP filled at $2.10 last month. Theyre still implementing things like cloud engines or whatever the fuck, I might just hold on because random trash like Rave and Zecash are pumping.
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>>62117921
>Theyre still implementing things like cloud engines or whatever the fuck
Vaporware. And they are totally fucking over investors by reducing staking rewards by ~70-80%. They are calling it #mission70 but it's really #missionGasMoneyForDomsPorscheWhileHeLarpsAsATechEntrepreneurInSwitzerland.Thanks for playing.
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>>62118009
I have 12k pees and I'm not selling, in fact buying more. Shitcoins and scams always pump the hardest in the end, you'd know this if you weren't a newfag nigger.
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>>62117652
My dumbass decided to hold my icp on their nns site with their internet identity thingy. Didn't remember how much I have so I thought I'd login to it to remind myself of my poor financial decisions but I can't even access my icp because. apparently, I have to buy a passkey to "upgrade" my internet identity to login? Total bullshit. Seems to me like all their developer activity is just making useless "upgrades" likes this.
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>>62118154
This, while other chains dump like crazy getting hacked or scammed, ICP does it on-chain where Big D mints a million ICP monthly and deploys CanisterWorm payloads over the weekend. It is bound to 10x from here.
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>>62118240
Exactly. Dom is the alpha and omega of a scamming snownigger, thus icy piss enjoyers are going to wagmi fucking hard. Not like real tech investoors like l*nkies who are ngmi. ICP 2k EOY. Simple as.
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>>62117751
>ICP going from a high of $700 to $2 today is just diabolical
it also went from like $2 to $20 a couple of times so who knows man

>>62117815
>what would be the catalyst for it to go up ever again?
dumber things have happened in crypto many times

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