@@semkiish 4000 and not dissolving until I hit 60ish (20 years from now). 1320 is liquid. Started with 4000/1000 now I have the extra 320 from the 4000 staking rewards.
@semkiish... because you've locked for 8 years doesn't mean you have to ever hit the dissolve button. #until I'm 60 gang... not sure how well versed you are on it.. but it makes sense to me. I'll be 8 year guy until I get to 60... then at 60 I'll hit dissolve and at 68 I'll get my 4000 back and will be earning rewards until 7 years and 6 months before my 68th bday. 6 months and under do not get rewards under the current system unless something else is voted different. Feel free to correct me if I'm wrong.
Absolutely, ICP’s tech opened my mind also. I also agree. I avoid anyone that talks about price prediction. They're all nutcases. How can you do a price prediction everyday other day for the same asset that has barely moved? The price will go up and down with the rest of the market, stop worrying about where the top will be. It's not healthy, Instead have a financial plan
The TA crypto channels have become funny to me. 20 minute videos every day that all just say the price might go up but it also might go down while drawing lines all over a candle chart
I posed this as a question to ai perplexity would The recent proposal by Dfinity to reduce the maximum neuron lock-up time from 8 years to 5 years may had made people more fearful of the opition being unavialible and in turn created artifical motivaion to lock icp in existing neurons? The recent proposal by Dfinity to reduce the maximum neuron lock-up time from 8 years to 5 years may indeed have had some unintended consequences on staking behavior. Here are the key points to consider: 1. The proposal aimed to reduce dissolve delays of all neurons to 62.5% of their current value, effectively changing 8-year neurons to 5-year neurons[5]. 2. This proposal was later modified to make the reduction optional for existing neurons, only affecting future staking[5]. 3. The potential change may have created a sense of urgency among some ICP holders, motivating them to lock up their tokens in 8-year neurons while still possible[5]. 4. This artificial motivation could have led to an increase in long-term staking, as people feared losing the option for maximum lock-up periods[5]. 5. However, it's important to note that Dfinity has since scrapped the plan to reduce 8-year neurons, as indicated by recent discussions[3]. 6. The community's mixed reactions and concerns about changing the system they initially agreed to use likely contributed to the decision not to pursue this proposal further[5]. 7. The focus has shifted towards other ways to optimize the NNS tokenomics, such as potentially reducing the minimum dissolve delay to 3 months to lower barriers for new stakers[5]. In summary, while the proposal may have temporarily influenced staking behavior, Dfinity's decision to abandon the plan should alleviate concerns about losing the 8-year staking option. The community's response highlights the importance of careful consideration when proposing changes to established governance mechanisms. Citations: [1] Neuron lockup and voting - General - DFINITY Forum forum.dfinity.org/t/neuron-lockup-and-voting/2634 [2] [Proposal] Reducing minimum staking time for expanding ... forum.dfinity.org/t/proposal-reducing-minimum-staking-time-for-expanding-governance-participation/13586?page=6 [3] DFinity Scraps Plan to Reduce 8Yr Neurons - RUclips ruclips.net/video/XxOuouPhfso/видео.html [4] [Proposal] Reducing minimum staking time for expanding ... forum.dfinity.org/t/proposal-reducing-minimum-staking-time-for-expanding-governance-participation/13586?page=7 [5] Possible Optimizations of NNS Tokenomics (Updated!) forum.dfinity.org/t/possible-optimizations-of-nns-tokenomics-updated/30352
I'm already thinking about emigrating to Sicily as part of the 8-year gang. This very beautiful island in the Mediterranean, where I would probably be in good hands. However, the Cayman Islands are better from a purely tax point of view! 😜
Migranter crisis im italy is crazy if you havent been there for years. Was there 2 years ago. Afican homrless thugs everywhere. I will never go back to italy or french. Thats crazy
Hey James. Do you have any insight about IOT and ICP ? Will ICP be good for IOT applications ? I have an IOT company myself, and i really like the security aspect of Cryptography. What are your thoughts on this, if any ?
bro, some of us are living lavishly just off the interest. i don't even have to DCA anymore,.. i just do it out of habit. my kids will inherit the principal.
As a non technical person on computers n internet WHAT can one do with ICP rather than buying and staking ???? Any clue will be appreciated James one❤❤💯💪🏿
Great analysis of the future of ICP ecosystem. Reminds me of one video Dominic Williams did in which he advised to ride the wave and try creating businesses around web3 and becoming web3 entrepreneurs. Just ride the wave.
You make some compelling arguments and I do agree with you. All the A players haven't arrived at Internet Computer yet. Can superior tech out compete high gas fee pozinomics price wise? The flood of development and positive price appriciation has to out play the competition. 8 years is pretty insane but the more and more I think about anologous investments it isn't bad. I have to compare to rental properties, buying and selling notes, being a hard money lender, CDs, 20% APR on the Hive Backed Dollar, DeFi loans, ...... is the pitch compelling enough?
@@arahant69 Quantum bits are afaik the only way a network connected system 'cant' be tampered with, and in reality, it doesnt prevent tampering it just alerts to something being tampered with.
@@arahant69on that very topic. You should check out Dynex and NCDT. 2 projects with big potential. They are basically preTech giants that could be big in this or next cycle. If you like ICP then you’ll be interested in these 2.
8 year gang. 3 years deep. From 200 to 1000 dca. Weekly
Grats bro
Damn bro you got me fired up!
No one has a crystal ball.
I already said that 8yrs gang is slowly but surely becoming a cult haha
Let's decide what our dogma should be
ICP❤8yg,,, getting some apy everyday!👍💯
Always
Good point of view, totaly agree
ICP 👽 TecH
ICP 8YG
Let’s Go !!! 🚀
💥
Nice to see a young guy with brain.
No joke bro
8YG here also. Half mine are staked! Lets go ICP!
8 year gang strong
Hi there. Thanks for the amazing content. You got an X account to follow?
I've gotten around 320 ICP from Staking around December 2023... They just keep coming!
How much u staking ? And how long ?
@@semkiish 4000 and not dissolving until I hit 60ish (20 years from now). 1320 is liquid. Started with 4000/1000 now I have the extra 320 from the 4000 staking rewards.
@semkiish... because you've locked for 8 years doesn't mean you have to ever hit the dissolve button. #until I'm 60 gang... not sure how well versed you are on it.. but it makes sense to me. I'll be 8 year guy until I get to 60... then at 60 I'll hit dissolve and at 68 I'll get my 4000 back and will be earning rewards until 7 years and 6 months before my 68th bday. 6 months and under do not get rewards under the current system unless something else is voted different. Feel free to correct me if I'm wrong.
@@ICP_Fish You do you, my plan is to dump when i see 80-100 dollars
Whats the apr/apy when staking?
Well said
Thanks for the content. Been seeing a lot of BS fud lately and this was just what I needed. 2k 8yrs lets go
Do you guys think that 120 ICP locked forever is a lot?
Yes
I only have 50 locked... bout to lock more as I can asap......
@@landonmcallister3959 yes i have just 20 now. Accumulating too.
Did you watch my video about ICP Octopus. You ought to take a look
@cxc I think octopus deserve to be higher on the list
Absolutely, ICP’s tech opened my mind also.
I also agree. I avoid anyone that talks about price prediction. They're all nutcases. How can you do a price prediction everyday other day for the same asset that has barely moved? The price will go up and down with the rest of the market, stop worrying about where the top will be. It's not healthy, Instead have a financial plan
The TA crypto channels have become funny to me. 20 minute videos every day that all just say the price might go up but it also might go down while drawing lines all over a candle chart
Yeah these guys are clowns... no other word for it. They need to get a real job
The price prediction rant 😂😂
Who is the audience for it though? . Keep repeating the same info every other day, with price barely moving. Just not a healthy approach to investing
Much love and respect Jerry. I'm just personally not into price prediction, that's just the empiricist in me.
I posed this as a question to ai perplexity would The recent proposal by Dfinity to reduce the maximum neuron lock-up time from 8 years to 5 years may had made people more fearful of the opition being unavialible and in turn created artifical motivaion to lock icp in existing neurons?
The recent proposal by Dfinity to reduce the maximum neuron lock-up time from 8 years to 5 years may indeed have had some unintended consequences on staking behavior. Here are the key points to consider:
1. The proposal aimed to reduce dissolve delays of all neurons to 62.5% of their current value, effectively changing 8-year neurons to 5-year neurons[5].
2. This proposal was later modified to make the reduction optional for existing neurons, only affecting future staking[5].
3. The potential change may have created a sense of urgency among some ICP holders, motivating them to lock up their tokens in 8-year neurons while still possible[5].
4. This artificial motivation could have led to an increase in long-term staking, as people feared losing the option for maximum lock-up periods[5].
5. However, it's important to note that Dfinity has since scrapped the plan to reduce 8-year neurons, as indicated by recent discussions[3].
6. The community's mixed reactions and concerns about changing the system they initially agreed to use likely contributed to the decision not to pursue this proposal further[5].
7. The focus has shifted towards other ways to optimize the NNS tokenomics, such as potentially reducing the minimum dissolve delay to 3 months to lower barriers for new stakers[5].
In summary, while the proposal may have temporarily influenced staking behavior, Dfinity's decision to abandon the plan should alleviate concerns about losing the 8-year staking option. The community's response highlights the importance of careful consideration when proposing changes to established governance mechanisms.
Citations:
[1] Neuron lockup and voting - General - DFINITY Forum forum.dfinity.org/t/neuron-lockup-and-voting/2634
[2] [Proposal] Reducing minimum staking time for expanding ... forum.dfinity.org/t/proposal-reducing-minimum-staking-time-for-expanding-governance-participation/13586?page=6
[3] DFinity Scraps Plan to Reduce 8Yr Neurons - RUclips ruclips.net/video/XxOuouPhfso/видео.html
[4] [Proposal] Reducing minimum staking time for expanding ... forum.dfinity.org/t/proposal-reducing-minimum-staking-time-for-expanding-governance-participation/13586?page=7
[5] Possible Optimizations of NNS Tokenomics (Updated!) forum.dfinity.org/t/possible-optimizations-of-nns-tokenomics-updated/30352
Great personality and great channel
I'm already thinking about emigrating to Sicily as part of the 8-year gang. This very beautiful island in the Mediterranean, where I would probably be in good hands. However, the Cayman Islands are better from a purely tax point of view! 😜
Sicily is indeed nice, I've been there
Migranter crisis im italy is crazy if you havent been there for years.
Was there 2 years ago. Afican homrless thugs everywhere. I will never go back to italy or french. Thats crazy
I love listening to smart people 😊keep up the good work ❤
ICP ❤❤❤ deep thoughts bro. Appreciate the perspective 🙏
Where you buying your gold and silver from ?
I get it from Apmex
Set to accumulate £5 a day not going break the bank and when does take of once games come out like draggins game hoping for a ATH one day.
Hey James. Do you have any insight about IOT and ICP ? Will ICP be good for IOT applications ? I have an IOT company myself, and i really like the security aspect of Cryptography. What are your thoughts on this, if any ?
How do you become a part of the 8 year gang?
Wouldn’t that be so sweet!
8 years is wild, but yeah you guys do you 🤣
bro, some of us are living lavishly just off the interest. i don't even have to DCA anymore,.. i just do it out of habit. my kids will inherit the principal.
Why tell him the secret... just let him feel smart over there
Nice video, keep up the good work
loved your awakening story - really inspiring and easier to understand the meaning of the DAO
As a non technical person on computers n internet WHAT can one do with ICP rather than buying and staking ????
Any clue will be appreciated James one❤❤💯💪🏿
Great analysis of the future of ICP ecosystem. Reminds me of one video Dominic Williams did in which he advised to ride the wave and try creating businesses around web3 and becoming web3 entrepreneurs. Just ride the wave.
Precisely... get on that wave and make something happen. Stop worrying about price prediction
Great video!
My favorite vid of your so far
You make some compelling arguments and I do agree with you. All the A players haven't arrived at Internet Computer yet. Can superior tech out compete high gas fee pozinomics price wise?
The flood of development and positive price appriciation has to out play the competition.
8 years is pretty insane but the more and more I think about anologous investments it isn't bad.
I have to compare to rental properties, buying and selling notes, being a hard money lender, CDs, 20% APR on the Hive Backed Dollar, DeFi loans, ...... is the pitch compelling enough?
Hi james could you please look into holochains technology with the holofuel swap imo its the only other revolutionary tech in crypto
I keep saying
One day there will be a city (or cities) run by DAO’s
Mafia mafia
You know what it is !!!!!!
ICP Gang !
Gang Gang!
Let’s go
The silicon valley is in india
No more dark ages
I fundamentally question the "tamperproof"
Nothing that is network connected is tamperproof/unhackable.
Maybe a quantum computer lol
@@arahant69 Quantum bits are afaik the only way a network connected system 'cant' be tampered with, and in reality, it doesnt prevent tampering it just alerts to something being tampered with.
@@arahant69on that very topic. You should check out Dynex and NCDT. 2 projects with big potential. They are basically preTech giants that could be big in this or next cycle. If you like ICP then you’ll be interested in these 2.
I think you would have to provide more information on to why you question that? How could ICP blockchain be exploited in techincal terms?
Well you have no idea about cryptography then :)
Icp ❤ my 3rd love 😍
When is the deadline to stake for 8 yrs ?? Plz answer team
It's still open, I'd get on it while it's stil alive. Dfinity is gonna cut it to 5 years soon
Don’t give a f about price prediction?
Wut chu talkin’ ‘bout Willis?
8YG
Most people are concerned about ICP's infinite supply
So does sol
There not bothered by eth infinite supply or sol.
I am part of an 8-Year gang team, but my friend just sold his ICP bag because of the infinite supply
If I compound my icp rewards on the nns does that compounding increase my rewards
You're the only one in this community as at this moment and you're not most. Not even people.
Nice video bro keep it coming