/biz/ - Business & Finance

eth isn't money

>>16264442
A thread died for this

6 white people are core holders of eth
the rest is pajeet shilling brown hands

>>16264442
Just sold my stack unironically.

>smart contract for proving if someone don do or dindu nuffin
written in eth and made possible by chainlink, once again, slavs will save western civilization from itself

>>16264442
They meant that BTC was too slow and being hoarded, like gold so they came up with silver.

ETH is more like oil or gas for defi traders

>>16264442
pajeets are shilling ETH to white people

>>16264442
they meant you should buy Ferrum.

ETH still can't scale but no one cares?

>>16264442
>white people nearer the text than black folk

>>16264461
Based

ETH vs BTC is the next global power struggle, with the US and CIA backing ETH and China and whatever secret shit they got backing BTC

>>16264442
Racist af

>>16266557
>ETH vs BTC is the next global power struggle
That's like saying the gold industry vs oil industry is the next power struggle
They provide value in different ways and both will thrive with each existing. ETH can't scale to handle BTC's use cases

>>16264442
eth will get back to 0.1 btc in 2020

>>16264442
ETH is fiat

>>16264442

>infinite supply

nice money you've got there bub

>>16266636
Lmfao bbq except eth does more daily transactions

>>16266661
Imagine the entire lynchpin of your argument for value is based on scarcity. Btw money typically has infinite supply, yes. Can you name one that doesn’t?

>eith is money
>a positive statement
>hands that are more explicitly pointing to the positive statement are whiter

its a subconscious effect that the creator of the image leaked into picture. Brown = less desirable. White = more desirable

>>16266678
>daily transactions
That's just one metric and isn't the best indicator of price. BSV heads tell me the same thing.

BTC buyers hold it like gold, ETH buyers use it like gas

Most of those TX are spam and you better be rich to spam BTC.

I have ETH wallets full of junk I never asked for. Those are all ETH TX from shitcoiners and pajeets sending me free crypto. Do you know how many eth TX i've sent just for games?
I was spending ETH while doing it and those companies spent the eth to pay the bills.

>>16266695

imagine being this fucking delusional

>>16266737
Except I’m not talking about price.
> ETH can't scale to handle BTC's use cases
This is utter nonsense

>>16266695

>>16264461
this, typical day at the office in america

>>16266772
I don’t give a fuck what you think anon and frankly I feel bad for you gotta walk around with that dumb ass brain resting on your shoulders . I advise you to take a basic Econ course and educate yourself

>>16266661
>infinite hashpower
sure when you say things to an extreme it sounds pretty weird :))

>>16266695
>>16266695
The foundation of our argument is supply vs demand.

>Btw money typically has infinite supply, yes. Can you name one that doesn’t?
gold, silver, the earlier forms of money before central banks won.

Using your money is better than storing it? Is that your point?

The market doesn't care, it's greedy and will spend the common assets and save the rare ones.
>>16266783
>ETH can't scale to handle BTC's use cases
ETH has to remain cheaper and faster to handle defi, dapps, games, airdrops, etc.

BTC's use cases are mostly storing wealth.
Will wealthy use ETH as an offshore bank account? Will other countries trust ETH with their savings during hyperinflation? Does ETH have the history of uptime and security BTC has? If bonds go negative will bankers and funds buy mostly ETH and not BTC with that $?

You act like TX fees and volume are all that matter. They only matter a lot to crypto spenders and traders.

I care about price and factor TX stats in but would never act like they move price. Look at NANO and NEO, aren't they free to send? Where's price though?

>>16266841
It's uncapped for now
It's stupid to act like ETH is money when it's dapp money only. No one buys anything with ETH except smart contracts andcryptos

ETH? Isn't that the one you can't sync because it needs 8.5TB to download, and generates shit at 13GB a day? What a shitshow

Isn't ETH also the one trying to use the laughable Proof of Stake? Jesus fucking Christ

>>16264461
#REKT

>>16264442
screw eth and their mutable tainted blockchain. I feel sorry for all these coin launching on ethereum when there is no guarentee that ETH will make it long term.

>>16266884
I think supply vs demand is valid but extremely vague. Demand is due to utility. Function.

My point with supply is that as supply increases the relative issuance rate goes down. They are rewarding miners for securing the network and the supply increase is required to keep network secure (look at bitcoin) the reward is 50x higher than daily transaction cost collected .

>W ill wealthy use ETH as an offshore bank account?
Probably not but they will most likely use a stable coin that utilizes smart contracts

I don’t think volume and fees are more important, I think adoption is most important and if you look at strictly utility, eth is more useful

>>16266695
Literal braindead not even a brainlet

>>16266950
>Demand is due to utility. Function
>I think adoption is most important and if you look at strictly utility, eth is more useful
To you or dapp programmers, ETH is more useful.

Some people will never be able to buy stocks on their salary.
Some countries bailout bankers more often than us.
Some people read about the DAO hack and never trust ETH again and BTC's security and history are most important for usage.

I'm putting important money into crypto, most of it has to go to BTC out of safety reasons.

Some of you go 100% in your coin when it's a low cap. I admire the bravery but I saw shitcoins taking BTC bear season worse. Seemed obvious to me at the time

>>16266814

invest in Zimbabwe dollars and then KYS

>>16267088
>invest in Zimbabwe dollars and then KYS
He graduated with a degree in econ from the school of fiat printing