/biz/ - Business & Finance

>>28972854
Two suicide stacks, not bad.

Rubic will solve one of the biggest problems of crypto, the gas fee problem, once the L2 solution like Hermez (mainnet this Feb) is utilized:
"Jordi Baylina (tech lead of Hermez) said Hermez will help process 2,000 transactions per second at "one-tenth" of current fees. Ethereum's current capacity is about 15 transactions per second, and thecurrent average feeis about $11 per transaction."

So what it means is that not only the gas for transactions will get about 10 times cheaper but also the throughput of transacting will increase to 2000 / 15 = 133 times faster when you use rubic.exchange. In other words instead of an ordinary road with 1 lane and pay booth every kilometer you will get a super highway with 133 lanes and a pay booth every 10 kilometers.

If Rubic implements it successfully, and there is no doubt about that, it will be huge FOR PEOPLE, and bad for front running and sniping bots!

>>28853524
I unironically hope we can reach 20c so I can buy more. Does it hurt? Yes. Will I make it? Hell yeah. The marketcap is getting so laughably small that it's almost impossible for it not to go parabolic after limit orders, L2 and more cex listings.

>>28624651
Is it mental illness to think that Rubic will go up because of the disproportionate amount of GETs I've seen in our threads? They can't all be scripted because I've gotten plenty of trips myself. Is KEK just pulling our leg?

As it should be

people always wonder how L2 is possible, this pajeet just explained it via technical terms and got really in-depth...people sold because they don't understand him. KEK