/biz/ - Business & Finance

if ethereum doesn't pop off at some point i will finally accept that i am a retard who knows nothing, because this DeFi activity is exactly the sort of innovation i was waiting to see gain momentum on ethereum. i suppose ill hold to 0 regardless.

>>16734606
The revelation you had about DeFi is currently spreading to more market participants. I wouldn't worry about it. Are you only in ETH? I have LINK and MKR since they both seem to be crucial to DeFi. ETH seems to be the index of all applications.

>>16734631
i am like 60% ETH, 15% BTC, 15% LINK, the rest shitcoins. i've been obsessed with primarily ETH since early 2017.

i honestly can't imagine what it's like to be right about something like this, so i expect it won't happen

>>16734651
I'm also a bit frustrated with Ether but I've been trying to hold onto my ethers.
Another thing is the Ether seasonality.
So far it has always seen a pump late december/early january.
So I'm going to review on the end of the month what to do.
But this DeFi milestone seems to be ruffling some feathers on cryptotwitter.

Also any idea why https://defipulse.com/ is not listing IDEX amongst the dexes?
According to Etherscan it has a further Ether in it's system.
https://etherscan.io/address/0x2a0c0dbecc7e4d658f48e01e3fa353f44050c208

>>16734740
>42800 Ether
numlock off

>>16734651
Same, ETH got me interested in crypto. Never once owned BTC.

>>16734659
Sometimes things just work out.

>>16734740
Looks like a double bottom to me. Selling now would be selling support

>>16734659
It's ok, just sell when it's overbought. Don't be a dummy and lose your gains when we moon. That's what I'll do, I lost a lot of profit on chainlink by holding it down a dump, this time I'll maximize my profit as safely as possible.

>>16734606
>this DeFi activity is exactly the sort of innovation i was waiting to see gain momentum

>>16734580
not really deflation/locked up, but yeah I get what you mean.. pretty cool its almost in parity.

Hurry up PoS so we can kill this inflation

>>16734631
check out Tellor. MKR going to be switching to their oracle. Binance listing is a sure thing. 2mil mkt cap

>>16734651
Fantom not on that list and you’re talking about DeFi?? Better buy in fast.

>>16734802
why do sojack posters post caricatures of themselves?

>>16734606
DeFi is a meme.

>>16735093
Hah

>>16735050
I really believe that PoS is inherently superior to PoW.
In 13 years the bitcoin reward will be 0.78 BTC.
This plus the puny transaction fees will be the incentive to protect the network.
If crypto mining marketplaces like nicehash would become common place, you would technically be able to 51% attack the network for an entire day with less than 20 BTC.

>>16734606
based

SNX going to seriously change the cryptosphere, and everything in the next 6-12 months

/biz/ is not ready for it yet

>>16734606
you're not a retard who knows nothing, you're just 2-3 layers ahead of the curve
consider normals barely get the concept of bitcoin. yes, they know bitcoin, some of them since 2013 when it went on TV, but they don't *get* bitcoin
most of the population will never get ethereum and those who have the potential to will only get in somewhere this decade
this is highrisk because we can very well tank to 0 or be passed over by a superior solution (even if none exists at the moment), but eth is the only rational bet in this space

>>16734580
Only bitcoin matters and thats bsv

>>16736692
>but eth is the only rational bet in this space
smug_craig.jpg

this is just the beginning

>>16736620
if you're in profit sell before the ponzi bubble bursts anon

>>16736692
I think all the ETH investors are right about these contracts being important but they miss the point of a blockchain and a decentralized consensus system
ETH will always trend towards centralization just due to how the it's set up
the miners have throughput controls which throws the balance of the entire system off
they will always act for profit which is to be expected but when the users don't have the right to always be able to maintain a node the system is compromised
they're never going to fix this it's part of ethereum's plan now
profits over decentralization

>>16734580
Is it better to hold ETH for DeFi or DeFi tokens themselves to collect more ETH?

>>16736965
I'm opting for the latter but honestly nobody knows

>>16737084
If this follows 2017 then there will be a time where DeFi tokens give you ICO-like returns before a major ETH run..

>>16736889
you're fucking retarded and you don't even know what ponzi means

>>16734580
$5,000 EOY

>>16736620
>he doesn't know SNX is a ponzi scheme

get rekt

>>16737615
>The Ponzi scheme generates returns for early investors by acquiring new investors.
snx needs literally 0 new investors to generate returns for me
tell me how it's a ponzi mr giga brainlet

>>16734659
why can i relate to this so heavily

>>16737661
agree anon, people missing out on SNX will be mad as fuck, if they aren't already

it would be ponzi if SNX didn't give you exchange fees. They got a lot of bugs to work out (leverage, limit orders, peg issues) but it's pretty clear they're one of the few projects on ETH that can deliver ANYTHING

>>16737661
This is assuming that everything is overcollateralized and that the average synth position does not make significant gains over snx

>>16734580
When can I move all my altcoins into ehtereum? There is already wBTC, when wBCH? Also want to much my Dogecoins into ethereum and lend them.

>>16736914
>Its ETH devs fault that they did not spot something that the entire internet could have spotted as well, but did not.

>>16736692
Why do you expect the ether token value to go up in price though? Isn't it just used for gas?

>>16734580
Literal ponzi scheme. You guys are idiots. Enjoy your Bitconnect.

>>16737838
ice age is retarded
it's like artificially create a problem so we can fix it all while maintaining control on what happens in the codebase
it's like when a country starts a war to regain support among the populous
they've coded a bug into ETH so they can do whatever they want with the codebase every whatever months when ice age kicks in

>>16737882

>>16736692
>thinks he understands Bitcoin
>all ins a ponzi running ontop of a premined shitcoin

Pottery

2020 is eths year

>>16736753
This guy gets it.

>>16737858
There’s a lot of arguments both directions. This is the million dollar question.

>>16737929
>ponzi ponzi ponzi!!!!!!!!
>buy bitcoin vishnu!!!!!!!!!!!!!!

>>16737886
Overstatement of the problem. It’s a blemish but not a large one. PoS happens this year and then this argument is out there window anyway.

>>16737858
Gas, staking, state rent

>>16737886
> ice age is retarded
yep, absolutely stupid idea but already around since 2016 when they promised PoS for 2018.

>>16737942
PoS was scheduled for what a year after launch?
it's been what 4+ years?

and PoS is stupid anyways
only the rich people get to decide the future of the chain so it's no different than the system we have now with corporations influencing laws

>>16737935
Look up how Bitconnect functioned and compare that with DeFi. Actually don't. I don't want idiots who think Bitcoin is a ponzi to enjoy anything besides poverty.

Aave's new defi lending platform rolls out to mainnet in a couple weeks along with the changes to it's highly anticipated tokenomics

Think a tokenzied Compound.

One of chainlink twitter's oldest and most prominent accounts deleted his account on NYE after tweeting how a new breed of tokenomics are about to bust loose a la snx. /biz/ is sleeping on this

>>16738009
shut the fuck up you fucking bsv shill, I literally value any other pajeet faggot on this board more than your moronic braindead autistic kind
I literally value my morning shit more than your life

>>16737984
Well the people that stake the most have the most to lose. They're tying up their money to validate transactions. So yes they should be rewarded.

>>16738022
>reeeeeeeeeeeeeee

Okay, Carlos.

>>16735880
But how much is that 20btc worth in the future?

Pos is not coming this year or next year. You delusional idiots still don't realize what a shit show the dev team is.

Complete shit show only half step above REQ The fervent autism of a boy genius is gone now it's a bunch of tranny faggots living large and playing politics. It's over.

>>16738235
What projects do you like

>>16738011
you mean kava?

>>16737661
>>16737686
The only people using synthetix are snx stakers.

>>16738818
kek
for now

>>16738235
If PoS doesn't come this year I will accept that I am a retard who knows nothing for that reason as well

>>16738818
agree 100%.... nobody wants to trade FX with no leverage and no limit orders.... lacking those really limits the appeal of the exchange

>>16738838
Why would that change? Why are they even releasing token synths is beyond me. Why would anybody genuinely own that if they can own the real crypto?
Let's say they actually release something useful, like stock tokens. Here the problem is that the collateral is dogshit. I would actually prefer something that's overcollateralized in eth and demands interest, because that's a sustainable economic model.
Instead it's 'backed' by snx. Let's say I hold amd for 2 years, generating no fees, and that amd moons 10x. All that is only backed by tiny snx liquidity.
The moment it becomes obvious the collateralization is breaking, nobody is going to buy snx, knowing dumps are imminent, which means it becomes insolvent instantly.

The team is probably going to panic and lock away people trying to sell sUSD. They can, it's fully centralized. They already manipulate fees in real time and set them to 100% to punish oracle frontrunners.

Why would anybody genuinely use this abomination?

>>16737906
nice self-portrait anon. defi will not pump eth, eth bleeds sats and USD as defi increases in popularity... and it is a ponzi

>>16737942
>PoS happens this
not likely

>>16738058
but you realize you don't have a choice if the systems are running on ETH
it's goes along the lines of ted kaczynski's manifesto in that if/when systems start integrating into ethereum it'll harder and harder to break away
look at how hard it is to use crypto day to day lives even when we know fiat is a scam everyone is integrated into the fiat system
it'll be really dark days if ethereum ever becomes popular
it's a comp'd system where corporations make the rules
you would think corporations have the most to lose right now but because they make the rules they're never in danger
ETH isn't about a decentralized consensus it's about making money
they'll fork to save money in the DAO, they'll give throughput rights to the miners, they'll break contracts and backwards compatibility to keep the ship afloat
the user has no rights in this project it's a brave new world scam coin

for instance these are the developers who premined 72 million ethereum tokens
do you really want these people calling the shots in PoS?

ETH is a mess
Defi is a ponzi
you're all going to lose your money

>>16739021
>72mil
they have 12 mil and sold 60 mil in ico..

thats like whining that 15million btcs have already been premined.

>>16734580
are they BANKING THE UNBANKED yet?

Eth will hit $10-20k conservatively, possibly $100k.