/biz/ - Business & Finance

My play is the vitalik endorsed FLX/RAI. Basically a bunch of DAOs and DeFi dapps after today will probably start storing a portion of their stables in RAI. It is scalable, so as demand goes up, it becomes more attractive to mint. There is no way after USDC froze those addresses today people won't want to diversify into actual decentralized stables.

With more RAI adoption, more FLX will get burned.

>>25757374

Cum accepted, Vitalik take my cum!

>>23908468
Where do you think he keeps all of his knowledge?

First ethereum staking pool, run by Consensys
https://liquidstake.com/
Staked eth is still locked till withdrawals, but it's possible to borrow USDC using it as collateral. There's no minimum limit for staking - any eth amounts.

Vitalik bet on Trump winning the election (buying the yTrump token)
https://etherscan.io/tx/0xaf78522073fb26a92d85469b5b601b89dcf6c26f08ace79257a51da0ebe0c355

$4.2k

>>22564062
btc tongue my anus

>>21375719
>insane demand for ethereum
>literally ath, fees higher than inflation
>usage can still grow 1000x from there as eth + zkrollup scalability goes live
>haha time to pump
INDEED

sell all your link for yfi

>>20789758
Based.

thank you money asian

>>18381750
>laughs in dai

>Be me
>live in Bay Area, California
>Have 7 figures in crypto now
>Will be rich(er) AF during next bull run
>Want to sell all crypto in next one and minimize tax liabilities
>Not moving to Puerto Rico
>Where else is there?
>Fuck jannies

>>16043966
is 500 link enough to make it?

>>14388939
you should buy now, seriously

Libra+Move is unironically great for Ethereum.
There's no way Libra validation nodes are going to ignore an American court order, or even worse, OFAC sanctions.
This limits corporate adoption to American companies only. Nobody else wants even more American control over their foreign company.

Imagine a Russian company buying oil from an Iranian company with the help of Libra smart contracts. Then an European company in turn buying something from the Russian company, whose products are in turn used by an American company.
The inevitable OFAC order happens and both the Russian and Iranian companies are banned, their on-chain assets confiscated. This in turns hurts the European company, which in turn hurts the American company.
OFAC even tried to ban bitcoin addresses:
https://home.treasury.gov/news/press-releases/sm556
there's zero chance they are going to consider Libra immune.

For this reason, corporations do really want decentralization, even if they phrase it differently - "reducing jurisdictional risk" or similar. It's already a chore to vet your partners, but relying on a fully controlled platform requires you to vet your partner's partners, their partners etc. to adequately consider risks, which quickly becomes impossible.
Due to this, Even American companies are unlikely to adopt Libra into their business processes.

Why is it good for ethereum? Because almost every current "ethereum killer" has a similar architecture to Libra, either DPoS or BFT. Libra put them directly in the spotlight: is EOS, Dfinity, Algorand, etc, more resistant to government interference or hostile behavior by validators? Of course not, they are worse in every aspect, especially those with "on chain governance". No DPoS or PoA network has any advantages over Libra; if you are fine DPoS' or PoA's tradeoffs you're going to love Libra. They lost any reason to exist, BTFO by Libra on scalability, adoption and decentralization, BTFO by ethereum on immutability and decentralization.

>>13605503
LEGO

>>13475901
what did he mean by this

>>13328666
check'd

Polkadot (Web 3 foundation, Parity) is apparently creating an ethereum hard fork called dothereum (a fork like bitcoin cash split, everyone gets duplicated coins), they're going to bailout their locked multisig funds + other polkadot design changes (ewasm, on-chain governance, parachain scaling).
Scant details as of now
https://www.reddit.com/r/ethtrader/comments/bc8mbc/polkadot_is_going_to_hardfork_eth/
https://www.reddit.com/r/dothereum/comments/bc5r3j/could_someone_please_explain_what_dothereum_is/

If true, it could lead to eth pump as people are going to want free dots. It's not going to be a shit fork, polkadot is a real contender.

just buy eth fren

Thinking about selling all my LINK and going all in RLC.... worth it?