/biz/ - Business & Finance

>>15117780
MOMMYYYY LET IT STOP
I’M BLEEDING

shitcoin

Leftypol biz bait

>>15117844
Checked

>>15117780
40-46% dominance. I bet ETH will have 54% at least.

Yawn. Such weak fud. I sold all my btc for ETH never looking back

>>15117857
bitcoin will have 90%+ of the current crypto marketcap
the asuka prophecy accounts for stuff like libre walmart coin and other shit like that

>>15117860
>Such weak fud
Do you really think we still need to FUD eth? look at the chart . Yawn, bagholder just love to act tough.

>>15117791
Capitulate on your narratives while you still can. Try listening to some Bitcoin maximalist podcasts. We have gains.

>>15117844
>>15117866

Double dubs of ethdeath. The prophecy will be fulfilled

>>15117780
just biding my time for the big score.
>>15117860
you didn't

>>15117866
>look at chart
I’m up 300 % nub . And I will continue to accumulate and sell to all the btc nubs when they fomo at the top. You will be buying my bags. Remember that. Keep buy high sell low biz

>>15117863
>believing some anime watchers shitpost

the absolute state of hat-wearers

>>15117894
Lol

>>15117889
>0.019494 BTC = 1 ETH
> Says he's up 3x

2 scenarios, here dummy

1) you're larping that you've bought ETH near the ICO literally the only time you could have bought and still be 3x from the current ratio.

2) You're telling the truth and are an absolute retard for not selling at anypoint from the ETH ICO till now 0.12 BTC for example.

Unironically kys you JUST'd phaggot fucker

>>15117912
>he didnt buy one of the most succesful icos in history

the state of bitcoiners

>>15117871
is this what capitulation looks like

>tfw just realised now that this eth FUD the past couple of months that has been flooding the board is just part of some shill campaign

it didn't exist 5 months ago

>>15117933
boy genius noooooooo, quick call him a toxic close minded maxi

>>15117944

>>15117915
>>15117923
>>15117933
>>15117938

Don't even know why mETHead think of Vitalik as a genius when it was Gavin Wood that did the heavy lifting in the yellowpaper for ETH.

mETHeads are a bunch of fucking pseudointellectuals.

>>15117935
No, there'a more blood. Expect 30% lower on the ratio.

>>15117960
have actual sex

>>15117960
Yeah I saw all of this like 2 years ago when he tweeted it

>>15117967
I love how they believe some rewrite of the code base will save their shitty premined ICO'd project
like oh cool all the ICO scammers can make returns with no work at all in PoS after their shitty little scam projects failed and fucked over tons of people
and not only that the devs ICO'd 60 million ETH and premined 12 million for themselves
they produced nothing of value
so they want to reward devs with like 140k more ETH in EIP-2025 to rewrite this shitty project
it's an absolute joke

>>15118013
Just LOL @ ETH 2.0 in early 2020. Are they forgetting that BTC's halving is also early 2020? They will absolutely get cucked.
Based on the current market sentiment which do these bagholders think people will care about more? BTC halving or ETH 2.0?

>>15117780
I'm happy watching btc holders lose money and waiting for PoS.
Please continue shuffling billions to Chinese miners.

>>15118024
I'm sure ETH 2.0 will not happen before the halving
as bitcoin's monetary policy is set in code and goes according to schedule, ETH will be flubbing around with knee jerk decisions to arbitrarily lower mining rewards or migrate to bcash's chain or something equally retarded

>>15118047
>I'm happy watching btc holders lose money and waiting for PoS.

Are you even watching the same charts idiot? BTC is at $11800 and ETH's ratio is at 0.0194 BTC

>>15118059
You don't have gains until you sell.
There's $23.8M in daily mining rewards. Most of is spent and with time (competition) the rate approaches 100%.
That's actual money gone. It's a loss. Bitcoin holders collectively are losing billions annually. Money flows always tell the true story.

By all means, please continue buying.

>>15118097
>Money flows always tell the true story.
What does the current money flow tell about ETH you dumbfuck? Clearly everyone's running for the exit.

>>15118097
mfw the bgds are ruining me

>>15118107
Eth without PoS has no value. It's the exact same situation like with bitcoin. Negative money flows to miners, all utility gains captured by fees go to miners too.
It only begins to have non-speculative value with PoS. By speculative here I mean speculating on the future value under proof of stake.
That's why lower price before PoS is good - smaller realized loss in the initial PoW period.

>>15118134
>It only begins to have non-speculative value with PoS. By speculative here I mean speculating on the future value under proof of stake.
And you literally just described why selling ETH for BTC is the rational decision while PoS is still far away. But keep HODLing because we all know you bagholders cannot be convinced no matter what.

Maxis could buy almost 9x more ETH than you loyal ratio bagholders if we ever decide to

>>15118097
>everyday money is spent on security
>surely this money is wasted because it's securing nothing of value
absolute brainlet tier, I guess letting ICO scammers get rich off you idiots twice is shame on you

>>15118146
>And you literally just described why selling ETH for BTC is the rational decision while PoS is still far away
No. Btc is worthless. I don't gamble when there's negative expected value.
>Maxis could buy almost 9x more ETH than you loyal ratio bagholders if we ever decide to
Yes, the buy the bottom sell the top strategy is always profitable, but I don't know how to actually execute it.
Only a small fraction could conceivably decide to before the price rises a lot, anyway.
>>15118147
That can only mean you are happy you are going to have less wealth, but enjoying "security" in return.
Is that what you really mean? If so, good for you.

>>15118168
more capital is finding value in a secure decentralized ledger then is being used to secure it
otherwise the price would go down

I really don't understand what you're trying to say, it doesn't make any sense

>>15118168
>muh selilng the bottom
The fact that you're at the bottom holding ETH clearly shows how fucking dumb you are. You had almost 2 years to sell at 0.08, 0.04, 0.03, and now 0.02. The market clearly disagrees with you and its only going to get worse near the halving

the security of ETH isn't 1/100,000 of bitcoin
from hashing to nodes to game theory and going towards PoS makes it even worse
ETH users will never be able to reject a S2X type takeover
so I find value in bitcoin's security and it's worth adjusted mining costs

>>15118192
You're saying the spending is not a loss because it brings valuable security. That means you get that security _in exchange of_ wealth. You don't get both at once.
Security is a continuous service, so I hope you're enjoying the hashrate right now.
>>15118193
I'm very happy the market disagrees with me. If it agreed with me I wouldn't be able to make profitable investments, because the price would be much closer to the fair value of future money flows.

>>15118233
>I'm very happy the market disagrees with me. If it agreed with me I wouldn't be able to make profitable investments, because the price would be much closer to the fair value of future money flows.
Just like how the market disagrees with REQ, SALT, OMG kek. Nice cope retard.

>>15118245
Wrong premise - I agree with the market on these three. Not literally, as they should be at zero, but with the direction at least.

>>15118233
we'll see if users can reject EIP-2025
physically they can't because running validating nodes is cost prohibitive in ETH but maybe the ETH devs will compromise for something less than 140k ETH token negative flow to their pockets

>>15118270
It's already dead.

>>15118270
>EIP-2025
a.k.a. hookers and blow budget for ETH devs

>>15118270
>physically they can't because running validating nodes is cost prohibitive in ETH
Incorrect.
https://twitter.com/bitfalls/status/1115167449849237504

>>15118277
we'll see about that lol
this is a chain that rolled back and split to salvage some tokens

>>15118285
yeah I doubt that is accurate
the miners control gas limits anyways so it isn't like you have any say in if your node stays in sync

>>15118307
>yeah I doubt that is accurate
Nothing stops you from downloading geth or parity and checking it yourself.
Geth syncs very fast recently, below 3 hours, depending on a cpu and network, obviously. Needs ssd.

>>15118344
you're checking headers
you're not validating or propagating transactions
this isn't a node, this is SPV

>>15118374
No, it's a full node, it has every block ever, it verifies blocks, it has a mempool with transactions.
Light node is something different.

>>15118380
its size broke 1tb over 14 months ago and was growing exponentially
I'm not buying all of a sudden it's cheap and easy to propagate transactions and validate the network without sacrificing something

>>15118452
No, it never did.
You're believing intentional lies from a r/bitcoin moderator.
I can prove it to you:
https://etherscan.io/chart/blocksize
download the csv, import it into excel or whatever, calculate the average block size
it's 11597.49421 bytes
multiply by the last block height - 8289690
You get 96139631743 bytes, which is 96GB in the decimal metric (1kB = 1000 bytes - linux, macos, size labels on disks), or 89.5GB in the traditional binary metric (1kB = 1024 bytes, windows, dos, older versions of linux, ram sizes)

That's the bare blockchain, everything above it is overhead due to how a node stores data generated from it.

>>15118452

>>15118503
it seems ETH developers redefined what a node is
calling the original full node an archive node now and saying their new node is a full node even though you can't access specific data in the blockchain

>>15118556
No, every historical block ever takes 96GB.
There's no more data.

Archival node caches old balances (state) on disk to allow much faster retrieval. It's only useful for block explorers and similar. It's literally a big cache.

>>15117960
>18 posts by this ID

Why would you try to FUD a coin this hard? The only logical reason is you are trying to buy more.

>>15118595
>Implying FUDding on a dead anonymous shitposting board has any effect on a coin with 20 billion marketcap.

Nice IQ there anon

>>15118573
what's the total amount of data for the whole chain all state data everything
because I'm just reading about this now, ETH updates states and only keeps the latest one
how do you know these states are valid if you can't go back and verify each and every one
how much data is that to verify everything because that's what I would call a full node

>>15118618
State is a result of all transactions executed since genesis.
>how do you know these states are valid if you can't go back and verify each and every one
You can generate the current state from genesis using that 96GB, which would take about 2 days on Parity.

There's no reason to, because each block contains the hash of the recent state, and a block with an invalid state hash wouldn't be accepted by the network.
Someone would have to perform a 51% attack on ethereum and feed a fast syncing node blocks with invalid state hash, but due to an invalid hash his blocks would be rejected by every already active node. It's never going to happen.
>how much data is that to verify everything because that's what I would call a full node
96GB.

Btw, Bitcoin doesn't even verify blocks older than 17 Feb 2019. It just assumes they are valid.
>// By default assume that the signatures in ancestors of this block are valid.
https://github.com/bitcoin/bitcoin/blob/dfb7fd60f261ad0aee0d2b70f8b3664826463f3a/src/chainparams.cpp#L97
So by your definition, there aren't many bitcoin full nodes.

>>15118666
do you have to use an archive node to sync up your "full node"
how many archive nodes are there on the network?

>>15118868
>do you have to use an archive node to sync up your "full node"
No.
Every full node contains the current state along with all blocks.
Fast sync downloads that state along with all blocks.
>how many archive nodes are there on the network?
I don't know. Definitely etherscan and infura run some as they provide historical data.

Charts indicate to me that ETH and various alts are ready to bounce. This ETH fud seems very calculated.

Haha miners getting rewarded is bad for the bitcoin network, now I've heard it all, we've reached peak retardedness.

>>15118905
>This ETH fud seems very calculated.
Possible, but unlikely. The sentiment is always momentum driven.
People feel safe repeating the current social consensus.
>>15118985
>bad for the bitcoin network
That's a vague statement and not what I wrote.
Miners getting rewarded mean that bitcoin holders lose money and get "security" in return.
It's objectively bad only for the holders' wealth.

>>15118905
>muh calculated fud
Keep believing your consipracy theories then. Muh whales creating calculated FUD for faggots with $1000 total savings in an anime board

And also sure ETH could bounce but i doubt it would be a significant bounce.

>>15118985
But you see if we didn't pay miners, then we wouldn't have miners selling, and that's eating away at our gains. When ETH goes PoS it won't have to pay miners, and they'll moon that much harder than us in comparison without the negative sell pressure of PoW. We're getting ripped off not being PoS.

>>15119007
The value of the network is derived from it being secure, which is derived from miner competition, which is derived from miner rewards, ergo holders don't "lose money" because of it, the fucking thing wouldn't exist if not for miner rewards.
Is this the level of thinking of mEthheads?

>>15119034
>And also sure ETH could bounce but i doubt it would be a significant bounce.

Its about to cross at over sold on the weekly stochastic RSI. In the history of the coin there has only been one time where this didn't result in a pretty massive pump.

>>15117844
double digit shitcoin confirmed

>>15117894
make a post that exactly predicts 6 months of market, then you can shitpost you cuck

>>15119174
How many times did it break 0.02 BTC after it passed it? It only happened one time too.

Anyway enjoy your relief rally since litecoin has entered pump and dump mode lol i doubt it will last a day

>>15117780
NOOOOO MOMMY ALTS WERE SUPPOSED TO GO UP ALONGSIDE BITCOIN
I AM IN RUINS

>>15119079
>ergo holders don't "lose money" because of it
they literally do, nothing you wrote changes that fact. The wealth used to pay for electricity, asics, mining employees, etc. has to come from somewhere.

>>15117780
>>15117844
Communist faggot shitcoin confirmed, however, under the current regime of faggot imperialism that has enveloped the west, betting on faggots to win can be quite profitable.
t. 30 y/o boomer