/biz/ - Business & Finance

>>17065940
>>>17065923
>ETH is an infinite supply premined vaporware shitcoin with no value. Link is a pump and dump scam run by a tranny discord group.

>>15741220
I've done my research alright

>>15492786
>nobody knows how many tokens there will be
false (see attached)
>nobody knows if the new project will work
frozen spec with finalization working and multiple clients en route
>nobody knows if they can successfully migrate
its not required to migrate
>nobody knows the future of rollbacks or token distribution changes
this could go for any chain
>devs are already looking at other blockchains to store their data on because ETH is a maxed out bloat chain
cross chain data storage is next level genius but it wont be required for eth2

70% dominance means 7/10 people here will shit on alts because they are holding bitcoin. at the end of the day, though, there are some facts:

eth plans to go to 0% issuance with pos, and current issuance rates are roughly the same as bitcoin. so eth not having a cap is a lie.

the only way to scale a blockchain is by pruning (so the larger doesn't grow endlessly) and sharding (so every node doesn't do every transaction) with proof of stake (which has been mathematically proven to be a better security model than pow). the lightning network won't scale bitcoin, and is basically just a way of batching microtransactions. meanwhile, eth has all the building blocks for anonymous transactions already (like monero), already has pruning, and will have pos in January (the spec is finalized and implementations already exist). the delays this year were to work on the sharding design, specifically the beacon chain, also coming in January.

eth can scale, it's already cheaper to use and faster than bitcoin, it is hitting all its development milestones, and already has a huge defi ecosystem built on it (so much for that "smart contracts are useless" meme).

all I see here is endless fud and lies from people holding bitcoin... I get it, you want to dump your bags on a greater fool, and can't have them buying eth instead. enjoy your "name recognition" while it lasts, because at some point scaling will actually matter.

I get what he's saying. just buy 100 eth, wait till pos, and stake it for like 5% returns (inflation adjusted $50k a year for life when eth goes to $10k from the locked up staking funds, negative issuance rate, etc).

easy to make it, even at minimum wage for a few years to start off, but if you're a retard doing shit like buying btc and spamming eth fud to cope with LN being a failure, you sort of deserve to be poor.

inb4 muh infinite supply premined pedo commie fud. if your coin was any good you wouldn't need to lie about that shit.

perfect time to buy is when people feel this way. capitulation.

just look at the insane amount of progress on ethereum compared to bitcoin. look at all the "eth is a mess" shit talking from maximalists coping with the non-existent adoption of LN. look at the transaction fees, speed, and other metrics of the network, or the amount of projects built on top of the networks, or number of developers.

think what you want but pos will change everything. if that wasn't the case, why would maximalists lie about eth's issuance rate and everything else?

eth has planned negative inflation... just because there will be some negligible less-than-bitcoins inflation between now and then you're flipping your shit?

just accumulate while people still think it's a shitcoin

please fud more, I have to wait a week because of (((legacy banking))) before I can buy more.

pos in 6 months, ratio at record lows, nonstop fud by bitcoin maximalists, my god why do checks take so long to clear, this is the best buy of the century

everyone forgets real inflation (not the fake government numbers) is 4%, so something like 3.5% interest is actually bleeding value.

just accumulate eth and start staking in January. eth's inflation is going negative with pos anyway (the staking rewards are from transaction fees), so even something like 2%-3% rewards would out perform the stock market in inflation adjusted gains (real rewards are likely to be north of 5% though... hard to know how many people will stake)

Do NOT buy this. Pic related.