/biz/ - Business & Finance

>>21770504
can't wait to load up sub $200 and retire happy.

>>21770504
2.0 isnt happening. quit believing bullshit

the next bull run is going to coincide with the release of ETH2.0 and/or the discovery and progressive adoption of the ETH successor. given that smart contracts arent live on eth2.0 yet and wont be for a while, expect this to at least be in 2022-2025, which actually coincides with the logarithmic cycle of BTC boom/bust)

the narrative now is polkadot, loopring, raiden, stakenet, blah blah. we are and will see pumps in all these but nothing is going to happen for the next 6-10 months at the very least so expect a market exhaustion overall (that means bear market as of.... a few days ago).

it is very possible that eth will not make it. upsets happen (bitconnect, mt gox). dont put all your eggs in this basket.

see you in 2025

>>21770583
kek neck urself

what about polkadot? kind of worried about this one

>>21770673
im a computer scientist that has looked at eths code, they are fucked. buy cardano or get left behind

>>21770689
polkadot is literally a flavor of the month normie crypto twitter meme right now and its going to bust eventually once memelords and normies start realizing its not a live product and cant be used (for a while)

>>21770726
im a sorcerer and can tell youre full of shit. cardano has done nothing good for the crypto community

>>21770504
Obviously dude. Like fuck, we all know this

>>21770774
>sorcerers cast sorceries
yeah well my deck is all instants and flash so fuck you slowpoke

I agree, but also not buying now, why pay 12k for 32 ETH when I can pay 6k

>>21770689
you should be worried about avalanche and athereum
https://athereum.avax.network/

I'm a computer scientist


Lmao

>>21770504
bump

I’m a retard

>>21770726
Spotted the 18 year old that thinks that being in his second semester of Java makes him a "computer scientist", whatever the hell that is. Go back to zoom zooming around Fortnite.

>>21771695
I know right. Normal non larpers just say coder...

>>21770670
Smart contracts are already on ALGO bro.
Ether isn’t going anywhere but the shit coins you speak of will make the backbone of the new established global system.
If you understand that, AND understand classical investing then you will know where the real “gains” are going to be the near and forceable future.

>>21772834
im 33, have a phd and my game is halo3 you cuck

>>21773175
>hurr durr they're fucked
Try saying something bad about eth's code that is more intelligent than what an illiterate 13 year old could come up with.

>>21771695
>im a codemonkey whose job will be outsourced to india in 7 months
ftfy

>>21770504
>game changer
more like Chaim gang amirite

>>21770504
Is 200 ETH enough to make it ?

>>21770504
We're going to be so fucking rich

>>21774013
no

>>21774013
yes

>>21770800
No body knows this

>>21770504
I hope it does crash to 200 so that I can buy more on sale

>>21770748

hey, faggot, let me know when eth2 will have smart contracts and tooling at the current level on a scalable platform?

over or under 2023?

>>21774676
I would guess sometime 2023. Fulfilling the promises of eth 2.0 are basically a grand human achievement. It's right up there with the moon landing. World wide polarith shift to crypto would be immenint after its launch.

>>21774668
Bingo

>>21774770
Harmony ONE already done it.

>>21770504
Staking + eip 1559 = retired in 3 years. Thats the equation for success in crypto.

>>21773175
If you have a PHD, please give a quality response that reflects that. I would really love if big brain could explain it to a computer enthusiast / noob coder.

>>21774962
im fucking larping

Ethereum is about to undergo the greatest shill campaign of all time as they roll out each phase. Every phase will be preceded by hype and fomo. And there are at least 4 phases. not only that, but once they release the finished project, it'll be the ultimate CHAD crypto with institutional backing from the EEA already (microsoft, jp morgan, accenture, etc.). Ethereum is going to flip BTC and so many fucking people are going so seethe

>>21774938
please be true
how many ETH to retire?

>>21775108
green ID confirms

>>21775108
disgusting lilin shiller.

>>21774013
maybe

>>21770504
thanks for the heads up sold my whole stack at a loss

>>21774013
need 1k minimum

>>21776065
fuck i used to have over 1k ETH but had to sell half at 300 for bullshit reasons
is 500 enough to make it in 3 years?

>>21770504
fuk all dis price speculation bullsjit clown world
just want products that work an easy to use
with a lot of cunts to hang with
gas prices r asshoe but not so bad long run
fukken clown world rugpull scams
reeeeeeeeeeee

>>21774770
This desu
ETH + AAVE
THat's all I need to survive for another 50 years

>>21770504
incredibly based thread ethereum has been the only thing that hasnt fucked me and thats saying a lot
https://www.youtube.com/watch?v=MIyBFNjc1kY
ITS MONKEY SEASON $1000 EOM LETS FUCKING GOOOOOOOOOOOOOOOOOOOOO

>>21770670

>>21770726
Link actual code snippets and analysis and you'll sound way more credible

>>21771261
AVAX botched launch vaporware (and I ran a test node), yeah sure. It’s literally less likely than even Cardano to flip ETH. DOT has the best chance and it doesn’t have a good chance.

>>21774676
Polkadot will never have smart contracts. You do realize that, dont you? Tell me you understand how Polkadot works.

>>21774770
Didn't algorand already perform this?

>>21774986
Faggot

>>21770726
I'm a metermaid. I looked at your car. Could you please move it?

>>21777383

Polkadot will likely have many smart contract parachains - check out Edgeware to start. It will also have chains for stablecoins, defi, oracles - link is building already

>>21777641
Yes, the chains connecting to Polkadot will have smart contracts, but the Polkadot relay chain itself will not. Thus you will not be paying for those smart contracts in DOT. You will pay the fees in the native coins of the chains connected to Polka. DOT will just be used to relay data between the connected chains.

The DOT token will not have more value than the most used chains connected to it.

>>21777771
>those digits

>>21777771
sounds needlessly complicated

Also, dont let the wordings confuse you.

>Edgeware will be ON Polkadot
Its the same as, Edgeware is a standalone chain that will connect to Polkadot (as long as Polka voters allow it) and it will use it as a tool to transfer data to other connected chains (if it needs to).

>>21777771

Connected parachains have to bond dot, which I can led them in exchange for their native token. Meaning I get the upside in a new project and my dot back if I want it at the end of a parachain lease.

I get the tokens of the connected chains, plus dot gain, no?

>>21770504
It doesn't support smart contracts on the first version that's supposed to be coming out next year.
Someone mentioned it's supposed to help offload transactions but I still can't figure out how.

>>21777909
Polka voters dont choose parachains, slots are permissionless auctions and they govern themselves

https://wiki.polkadot.network/docs/en/learn-auction

>>21773144
I was following a dev who does gaming dev for DOTA2 & he explained ALGO wasn't turuing complete so probably not viable - think he's looking at NEAR, Polkadot & AVA
>>21770726
Eth is a leaking ship & always has been but I doubt Cardano ever ships anything people use. Def top notch white papers tho
>>21770689
I did some digging, Polkaswap was turned over to some "Botique Blockchain" company in Japan - where none of the 14 employees listed are developers. The bridge I found was a project that won a grant but all their GitHub documentation was in Chinese. An anon here who bought Eth was shilling it & gave me links to the bridges but I can't find it. I haven't seen devs raving about friendliness & I'll never buy Gavin's shit after his Solidity private/public function debacle.
>>21774899
Harmony ONE doesn't have cross shard communication - it's not going to get traction (Although I did make some money on the pump)
>>21775108
They have been working on first phase PoS since 6-12 months after launch
>>21777340
Been meaning to follow up w AVA - good to know.

>>21778086
good post, ty

>>21778086

Algo’s non Turing complete smart contracts are on purpose. There is no looping or recursion to prevent bugs and so gas doesn’t have to be estimated. You can simulate finite loops with branching. It is a stack machine that resembles a generalized computer but it is limited in the ways I mentioned. They say only 7% of contracts have loops and of those you could pare down more that don’t need them.

Algo aims to be a finance platform and honestly TC smart contracts are a security disaster. Again this isn’t a flaw in algo’s design, or it isn’t that it is impossible, it is for security and reliability that finance demands

Ethereum realized the same thing after the various hacks and exploits. They wanted non Turing complete, halting & verifiable contracts because bugs in contracts have extreme consequences. Vyper is partway there but everyone still uses solidity

>>21777777

>>21778086
>They have been working on first phase PoS since 6-12 months after launch
you mean 2015? so it's not coming anytime soon?

>>21778558
I agree loops are generally terrible designs in smart contracts. I also agree that you don't limit the freedom of devs if you want adoption.
Here is related thread - https://twitter.com/moo9000/status/1296752922118823936

>>21778658
I think the idea was 12 months to begin migration to PoS with the difficulty bomb then 12 - 18 months after that for sharding (this goes way back so memory could be off - have to get another oldfag to confirm)

>>21778717
do you think eth will succeed?

>>21778744
I think Eth 2.0 is out to early 2021 - and even then smart contracts don't go onto the chain.
Some anon was explaining to me how it would still help chain TPS - but never dug enough to understand it. Every time I go to look at their progress to PoS or sharding it looks fairly unchanged.
> Ran into some issues
> 6 - 12 months for PoS
> Sharding 12 months+ after that
It's been like that since I can remember. I'd prob have to be really involved in the community to know more as there's too much signal to noise and I just find myself not caring.
Eth has branded itself as "digital oil" and I see no reason for the ecosystem not to migrate if fees are 10% of the price AND the chain is run by professionals with just as friendly dev tools (this space is great yelling they fixed the problem when it's really just an academic or money exercise and you dig deep down and understand they didn't at all - ALA EOS etc)
I'm taking a huge bet on NEAR but I'm not unbiased - after trying to shift thru the devspeak it looks like Algorand limits devs / language is suboptimal, Cardano is likely on the Academic bend as well. Solona has high TPS but storage and a bunch of other stuff I can't remember are severely limited (so works well for DEX options engine but will be limited on many other use cases). Dev I referenced seems to the AVA will suffer same fate as Cardano & Algo. Kinda leaves you with Polkadot, NEAR & Cosmos. Don't respect Gavin Woods technical chops compared to NEAR team and rather than outsource their stuff they built it themselves (like the Eth bridge etc) & they already have great UI experience as well as devs raving about being Web 2.0 friendly to plug into.
Polkadot has way more industry awareness & hype so maybe it wins out in the end. It's also possible Eth could learn how to scale offchain (SKALE, rollups, Raiden etc) - spent some time going thru them it's just very unclear to me with everyone shilling their solutions.

>>21770504
PoS was planed for 2016, now it's 2020 and it's "2 years" away. You still believe this shit? And no, the shitty chain they will launch next year will not increase scalability whatsoever. Realistically you'll be lucky if ETH achieves scalability in this decade, but it will be after 2025, guaranteed. Don't be delusional.

>>21779130
ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value

>>21770504
ETH 2.0 phase 2 can come in even in 2025 so the real eth 2.0 is years away , meanwhile 12k eth are mined per day while only 800 btc and 700 xmr(and decreasing).

It's clear that eth 2.0 is a great undertaking but until it happens it's still a coin with very high inflation and the only thing why the price is high is because people want to have 32 eth , yet they are not even investing in the ui for staking which will come in years.

>>21778936
thoughts on VeChain then? I hear that could do it, but amongst enterprises rather than smaller devs

>>21773144
>talking as if you know shit
>spelling "foreseeable" "forceable"

>>21779170
lol my favorite ETH FUD pasta

>>21779267
Lol this shows how little you understand what a relay chain actually does.

Yes, with the help of xDai

>>21770504
>ETH deserves to be shit on for is its scalability (rightfully so), but once PoS comes online, all that goes out the window
Oh sweaty, that is not the problem that proof-of-state is solving. Your shitcoin is still fucked to shit for the foreseeable future.