/biz/ - Business & Finance

Well /biz/ it seems like this is vitalik's plan to scale ETH as it stands:
https://ethresear.ch/t/cross-rollup-dex-with-smart-contracts-only-on-the-destination-side/8778
All data is moving to one rollup (seems most likely an optimistic roll up)
The majority of simple swaps and transfers are moving to another roll up

What two things will these be?

The thing that makes sense is Optimistic Ethereum, either the version being made by the ETH soiboys.

But for the other roll up, with transfers and simple swaps, what is it? If I have to guess, it would be loopring. This is because Loopring has the top swap volume of any roll up and the most backing by the ETH community. ZK roll up has way higher security than OR so it makes sense to have non data stuff go on to loopring.

I could be wrong here, open to other opinions. Basically asking what roll ups to invest in.

>>28444752
The white guy on the team seems like a chad though.

Also, I don't think people even understand what it is desu. It basically is a DEX on L2, and even if the chinks tried to exit scam you, they couldn't. The only thing they control is the relay, which can't move your funds around unless you sign or w/e. So basically even if the network disappeared tonight, you could get your funds off of it. There is a reason Vitalik has been telling people about loopring.

Think of it as another layer 1 chain you can do dex stuff on, but you don't actually have to give up the security properties of Ethereum.

>>27457634
It is literally fixed. Loopring allows you to do non-custodial exchange on layer 2. You don't need any gas, just a flat fee. The only problem is adoption.

All the influencers are rich af and want you to keep buying ETH for tx transactions, because they themselves can easily pay for it with their massive stacks. Also, many plebs are too lazy to just use Loopring, so they honestly deserve to lose money on gas fees.

>>27233287
SNX - Synthetic assets will become popular as it allows someone to buy a stock in a defi manner so they can't get fucked when robinhood stops trading (this doesn't actually effect shorting/longing the stock though, so you can't wreck hedgies, but its good if you wanna make some money without worrying about RH jewing you)
Mirror Protocol - See SNX
MakerDAO - Basically the decentralized version of the fed
Loopring - ZK rollup DEX. Which is much more secure than optimism, cheaper, only takes seconds to get off the rollup, unlike optimism which will take weeks. uniswap gas fees are going to be way too high.
ETH - Required for almost all defi
LINK - Needed for most defi to connect prices from outside world to the blockchain
REN - brings BTC to ETH in a defi way

Some that people think are "blue chips" but are shit:
Compound sucks cock. They refuse to use LINK as oracle and will get attacked again and lose tons of user funds.

YFI, no reason for token price to be this high. Andre Cronje the creator said so himself. This will eventually be forked out. Don't risk it, its a POS.

UNI, literally all governance votes fail, also this was already forked. I don't know if it will have long term staying power, and the token might not ever give you rights to earn a portion of fees. Optimistic roll up seems like a really shitty UX from everything that I have seen as well. Loopring's advantage is it is harder to fork than UNI because of the ZK rollup element. I'd suspect most high volume AMM pools eventually just move to Loopring and off UNI. Uni will still be used to trade PnD low cap scam coins.

>>26927410
Gas is going sky high. Vitalik will begin shilling loopring to everyone again. LRC could hit $10.

>>25959307
Backed by Vitalik. Stay poor.

There is still time. Most people haven't realized that sharding in the near future is a meme, and Vitalik wants to use rollups to scale ETH.

If any of you brainlets can actually read/comprehend talk of blockchain tech, I'd recommend giving this debate a listen. It's about Optimistic rollup vs ZK rollup. Most people felt that ZK rollups won the debate:
https://blockdebate.buzzsprout.com/767033/6210781

Basically the problem with optimistic rollup is that you need to wait for the validators to submit fraud proofs. This takes time. I think the more value on a single optimistic rollup the more time that needs to be waited for people to get off of it.

All of that is a pain in the ass, even if you have some type of market maker to get you off the optimistc rollup instantly, where they take the risk of a fraud.

ZK rollup takes a few block confirmations to get on and off of. Really simple. Also, even if the whole loopring network went down or disappeared, since it's non custodial you would be able to get all your funds out.

>>24898024
I know the pajeets are too dumb to buy because they are cucked by chinks and the fact that there are a few chinks on the team triggers them.

But I know there are a few white male NEETs here who are smart enough to buy. Also, ETH gas price has gone up another 25% since my last post in this thread. Prices could be $10 buy the end of the day.

Economic activity on ETH is being limited because of lack of people using layer 2. Loopring is literally so fucking easy now to deposit to, its honestly unreal. Way easier than xDai, MATIC or those fake layer 2 sidechains that don't have ETH's security.

Even if the Loopring network goes down you can get your funds off of it. You can't beat this thing.

>>24656122
...I'm afraid not Ranjeesh. You might need to spend some more ruppees on LRC

Remember, if defi has another run up (most likely it will at some point), then this is going to be the god protocol. Uniswap won't be able to handle the fees and optimistic rollup is nowhere in sight. Optimistic rollup is also inferior tech to ZK long term.

Also, big changes are coming for loopring staking.

Vitalik has talked about this project in the past and layer 2's will moon just like they did in the end of august. We are getting more and more Ethereum users, Vitalik has said that layer 2's are essential for scaling ETH.

Loopring with its AMM is going to be fucking massive. It will essentially be the first AMM on layer 2 that benefits from the full security of ETH. UNI holders should be afraid.

>>24293789
zk is more future proof, but it's also here now. I just really believe that this is going to pop off soon. Too many pressures.

Loopring with its AMM is going to be fucking massive. It will essentially be the first AMM on layer 2 that benefits from the full security of ETH. UNI holders should be afraid.

>>24253600
They have pretty much ditched sharding. ETH can scale with layer 2 solutions. Sharding most likely won't be released for several years. Plasma chains/roll ups/optimism is the future. ETH can be scaled with these alone.

>>24253780
I see people posting them in the TG, maybe just use one of theirs?

Also Vitalik frequently talks about Loopring too. It should really be way past OMG's marketcap by now. (OMG has zero users and usually gets 8 tx per day, the 8 tx seem automated as they all occur around the same time each day... The test net also hasn't gotten any use in months.)