Bitcoin is the only project in this space which I believe in. I think Ethereum still has legs as a speculative investment, but I do not believe in it long-term, as the primary use case for years now has been hosting scam token projects which can't be bothered to implement their own chain. The various ETH clones do that better now anyway. If I've learned one thing in the last couple of cycles, it's that the coins with "use cases" are the most likely to be bullshit pump and dump schemes, and are on a tier just below meme coins in terms of credibility. It's easier to see this in retrospect, so if you're having trouble seeing today's projects in this light, just think back to the projects which seemed credible in 2018, and check their investment performance in the years since then. Or look at a project like, say, ICP, which promises the moon technologically speaking, but which very quickly went more or less to zero soon after listing on Coinbase. I've come to believe that the supposed markers of credibility, by which I mean a whitepaper, a road map, a "doxed team," a distinctive use case, etc, are actually red flags now, and have been since early 2018 at least. It's a checklist to credibility which all the scammers and grifters have been taking notes on. Even less technical Nigerian, Bangladeshi, and Ghanaian scammers know the template now, and know how to tick all of these boxes. They quite literally buy and sell website templates that meet this credibility checklist. I think OP might be drawing a false distinction between true belief and emotional investment. For most people, these are the same thing.
Ignoring the tech argument now and just resorting to ghost chain and baggie talk again like everyone else when someone compares ICP tech. >Pretty much what i said earlier, nobody is going to use these except ICP holders You're not getting that these are built on-chain, will be run as DAO's controlled by an on-chain protocol just like the entire Internet Computer is, and are a true web3 architecture for a new internet where you can actually control your data. A lot of talk about that and ICP actually does it. *Your keys, your data*. That's what separates it from regular web2 bullshit where all your data is stolen almost daily. Where you're subject to platform risk because they don't like your politics, your content in general, shut off a service you need without notice, or where they take 30% or some shit of your profit. >Sweet, just need some adoption. Agreed - companies looking to save millions will be looking and finding it. Absolutely perfect for indie devs who always run out of money because of costs of hardware and cloud. >We have an AWS alternative too. Akash. Not built on COSMOS and more importantly not built on-chain either. It's a great product that has some coins on COSMOS. Not very exciting and nothing close to ICP at all. It still has all the web2 vulnerabilities that ICP solves with being on chain and having tamperproof smart contracts for the web - there's no firewall needed. No one is hacking your smart contract the way they do on web2. >Lot of places to build web3 games on. No there aren't - only ICP is able to run these games from the chain. Those are the same gimmick we're seeing all over - a game hosted on AWS or run on your PC with some coins moving around somewhere on the backend. Because that's all the chain offers. It's all it can offer. Except for ICP. >I'll take my defi and nft crap and 53 sovereign blockchains All 53 of those do the *same* exact thing - nfts and high APY defi questionable scams. That's all they can do on-chain. ICP's tech allows for endless possibilities of development on-chain. ICP tech is clearly better. Probably wouldn't be having this discussion if FTX hadn't released ICP-PERP trading to run up the price and give the appearance of just another P&D. Still recovering from that but I think there's a chance to turn it around. The tech is there. Good luck to you too.
> It's all on-chain activity since it's hosting web content So those 500m txs are just clicks on all these social platforms? > distrikt, seers social, catalyze, taggr, dsocial, openchat, onlyontrax, cubetopia, faefolk, portal I looked at everyone of these. Pretty much what i said earlier, nobody is going to use these except ICP holders. It's cool that's it's onchain i guess, and decentralized, but does that really matter if no one adopts? Those aren't going to disrupt youtube, twitter, discord, aws, or anything else they're trying to be. If im wrong in a cpl years come find me. I'm completely fine w Cosmos not trying to do this. You win i guess. I'll take my defi and nft crap. > They're taking on AWS as an alternative web hosting and it's cheap and easy to develop on the IC. We have an AWS alternative too. Akash. Cloud compute and services. Dude who runs it is one of my fav Cosmos people. Check their twitter. > They're getting rid of the IT stack for companies which will save hundreds of billions a year. Sweet, just need some adoption. > Perfect spot for Indie game devs not looking to get eaten up by fees or be subject to platform risk Lot of places to build web3 games on. Im sure some will choose to go this route. Really would have liked to see Cubetopia. Cosmos has Strange Clans (it's own L1) and Androverse, and Bushi (on Secret). None of those are out but getting closer. We'll see who does better. Sounds like you're as happy w ICP as i am with Cosmos. Good luck to you ser
Marketing is everything. Polkadot has no marketing, it develops solid tech, and everyone sleeps on it. Cosmos has really good marketing, is developing good tech albeit slowly, but still moderate nevertheless, has explosive price movement. Cardano despite being quite basic has extensive marketing, only just got smart contracts recently, and was #3 last year. I like to look past all the marketing and it wouldn't be bad bet to support ICP again, despite how much everyone on here hates it. I read their whitepaper and it was exploring concepts that weren't even fully developed yet, very closely related to how Polkadot operates, with bits and pieces of other popular blockchains piled into one.
It's all on-chain activity since it's hosting web content. That's not theory and it's the only chain doing it. It has HTTPs outcalls from the chain, stores all data, web, images, NFTs entirely on the chain. Has direct integration with BTC eliminating bridges and will do that with all ECDSA chains - meaning you get smart contracts and DeFi for BTC. You can create oracles on chain to provide instant settlement and get rid of callbacks. Decentralized front ends for all chains. Some other sites: distrikt, seers social, catalyze, taggr, dsocial, openchat, onlyontrax, etc, etc, etc it's going to be an endless list. You can actually develop useful shit on ICP not just DeFi and NFT junk. I'm using some of those every day. They're *entirely* on the chain in tamperproof smart contracts. COSMOS can't do anything close to this. Any of it. There's nothing COSMOS is doing that can't be done on ICP either. ICP is in another league and it's years ahead.
what on ICP is getting 500 million tx's a day. Got any other sites besides that one? It's great that's all on chain, but no one but bag holders are going to visit that more than once. Got any Defi or NFT sites? Got any non-theoretical examples of the tech beating comsos?
you mean like FOMO into $260 SOL $3.12 ADA $700 ICP Me I never chase a pump, I learned to love my red days to be honest, just buy when its comfortable for you. I wouldn't buy a coin that pumped 140% in 3days if its up %20 I wouldn't call that FOMO.
>To say you can only build DeFi and NFTs just shows how little you understand it. I asked you to name use cases and you couldn't. Name one besides DeFi and NFTs. My average ICP buy is 4.50 - it's clearly the best tech in the space. How anyone isn't able to see is blows my mind.
Internet Computer is the only chain building real world use case applications entirely on the chain. All of it is on chain - storage, data, web code, images, Unity games that connect to your wallet, etc., etc. Everything can live on-chain. No other project can do this. It's not possible to do any of what you can do on ICP on any other chain. A [social media site](https://dscvr.one/) like this lives 100% on-chain secured in a tamperproof web smart contract, and eliminates the need for a traditional IT stack saving potentially hundreds of billions across the traditional IT space. This is what web3 actually is. Barely scratching the surface of what ICP can do though.
#ICP Con-Arguments Below is an argument written by DaddySkates which won 2nd place in the ICP Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > My biggest negative point with the Internet Computer is the fact that they are promising us a completely decentralized world wide web, while their platform is in fact completely centralized. > > It was previously already suggested that you beed a pre-approved mining rig just to run their node. One security flaw in those rigs and the whole network could be affected as all would have the same issue. This is the complete opposite of the decentralization that, funnily, they are trying to present us. > > If we leave the pump and dump aside, I think that alone is one of the biggest red flags out there for ICP and its future. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtt0/rcc_cointest_coin_inquiries_internet_computer/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Internet_Computer) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/10erynt/daily_general_discussion_january_18_2023_gmt0/).
#ICP Pro-Arguments Below is an argument written by DaddySkates which won 3rd place in the ICP Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > The ICP or Internet Computer has a defined path they want to take, which I respect. I know that it was extremely pumped in its early days but the team behind the project Dfinity, is a organization consists of almost two hundred specialist who are working on the project and are pouring its energy in it. > I am still interested in ICP despite the FUD that surrounds it and almost cursed like status when you speak of it here. It has a good use case in my opinion by making the world wide web completely decentralized. > With time, when the dust settles from the pump and dump, I am quite sure that ICP will have a good base to build up from. > > We all need completely decentralized internet if we are to truly adopt cryptocurrencies worldwide. ***** Would you like to learn more? [Click here](/r/CryptoCurrency/comments/ovmtsu\/rcc_cointest_coin_inquiries_internet_computer/) to be taken to the original topic-thread or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Internet_Computer) to find arguments on this topic in other rounds.
tldr; ICP price has surged by more than 60% from its lowest level in 2022. Internet Computer is a blockchain project that was created by Dfinity, a Swiss-based non-profit organization. It is a world computer that can host programs and data in the form of smart contracts. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I thank this sub and others for turning me onto ICP. Without all the FUD I wouldn't have looked into it. Shit chart, far and away the best real world use case tech platform. Actually the *only* real world use case blockchain. You know that though since you did your research.
\- MATIC will be the big winner. Price decline was not as big as other crypto, so it has a good starting point \- CELO has built an amazing ecosystem and is gaining traction \- you can hate me as much as you wish, but ICP made really solid progress and it is only a matter of time till the features it offers get noticed
At least you'll be able to use your sats on ICP since it can now write smart contracts using native BTC that lives on the Internet Computer and doesn't involve any bridges. Stays all on the Bitcoin mainnet while being used in smart contracts. ICP will do this for *all ECDSA chains*. A first for BTC - it'll get that utility it's been looking for. Use native BTC in website tipping, website stores built on ICP like an Etsy, Amazon, Spotify, etc, and pay with native BTC. All of it on chain. If you can name a chain with more real world utility I'll buy into it right now. There is no project like ICP. You're stuck on the chart.
I will eventually sell my ICP because it is a governance token in the first ever fully on chain DAO for decentralized internet hosting built on a next gen blockchain controlled by a protocol, and because it has to be burned to get cycles to power the Internet Computer canisters. It has use. You will sell your coin because someone is FOMO'ing into some DeFi or NFT garbage.
Internet Computer is the most powerful project in this space and it's not even close. Decentralized internet fully on chain away from AWS, Google, Microsoft, Hetzner, Alibaba, government control, etc., etc. so they stop stealing all your god damn data and censoring you. They cannot track you on ICP. WTF are crypto projects joining forces with AWS for besides a pump in price. Only project in the space that can do this and allow you to build real world use case projects on chain. Entire websites, storage and all, on chain. The chart sucks. Go ahead and down arrow.
> Lots of FTX words here Because FTX is almost singlehandedly responsible for the enormous run up in price due to synthetic trading of ICP. Now people like you keep repeating the BS about the launch. ICP is under attack for a reason because there is *no* project that is as powerful as the Internet Computer. If it fails then blockchain is a fucking joke. It's all scams in DeFi and NFTs in this space right now. People throw together a website on AWS and move some coins around behind the scenes and call it web3 or "building on chain" when it's not. People like you who can't see this are the problem. Whatever bag you're holding I know it doesn't do a damn thing in the real world because you can't build shit on chain with it. Everything is like that except for ICP and developers are beginning to realize this. I almost don't even care if it pumps because I know the tech is needed and will *change everything* about big tech being in control of our data and our lives with how you have to bend the knee to them. Decentralized Internet away from big tech and government control is the future and that's only possible right now on ICP. Every other chain is garbage. Flat out shit brimming with scams.
> I was wondering why I had to scroll all the way to the bottom to find an ICP shill. A five day old account and you posted this? Are you kidding me? You're fooling no one and you were constantly on my case about being an "ICP shill". Dude it's hilariously obvious.
Because on chain it's all able to be wrapped in tamperproof smart contracts and all data is locked behind your private keys and **not accessible to anyone else but you**. I can't BELIEVE I have to explain shit over and over about this because people simple hate that it can be done, and even WORSE it's on **ICP**.