/biz/ - Business & Finance

>>24197491
Why is 32 ETH important specifically?

imagine missing out on Ethereum the first time, and then missing out on it again the second time KEK

>>24197491
tfw I'm literally priced out.

>>24197530
minimum amount to stake

ETH2 launch will be front page news next monday.

You guys have no idea whats coming, this very well may be the largest crypto pump the world has ever seen.

>>24197491
I thought ETH 2.0 is still ETH?
Do you get some extra benefit from staking it?

>>24197530
its pleb filter

>>24197590
Yeah you get like 5%, meanwhile it's going to dump and you're gonna get 5% of something worth 20% of what it was worth at the peak of pump.

>>24197530
relatively arbitrary, but not entirely. It had to be some power of 2, and the specific power had to be somewhere where it is not too low nor too big, so they picked 5. The power part was the somewhat arbitrary number, but there was a reason. The base of 2 works out much better efficiency-wise for computations
2^5=32.

>>24197491

>>24197583
>>24197630
Ah, thanks. I'm a BTC maxi with 10 ETH. I was considering dumping some BTC to get the other 22, but ehhh. I think PoS may turn out to be a PoS.

Is it a hassle to stake this ETH?

>>24197777
As much as I hyped this up in this thread, I myself am not staking on launch.
It is a hassle, but not that much. Essentially, you have to maintain a single ~4 GB RAM miner (no GPU required) and an ethereum 1 node that doesn't need to mine, so probably another 4-6 GB of RAM. On top of that, the storage requirements to host the ETH 1 chain and the ETH 2 beacon chain, which is probably around 250-300 GB of storage. You have to have SSD, forget about anything else. On top of that, you need to have a pretty good network connection but nothing crazy. Regular "good" first world connection. All in all, my setup costed me approximately $150-$200 + my regular internet costs.
I don't see a reason not to stake in the future, but it is a little risky right now. I was part of a few testnets before, including the Medalla one where everything went haywire. They did end up figuring it out on the fly as the chain was going without needing any restarts, and everyone was in profit quickly enough, but that was a couple of weeks of worry that would have me pulling out my hair if it were with real 32 ETH. I don't really anticipate this happening, but testnets are not the same as Production, so who knows. The way I think about is there is no shame in waiting a few months for this to mature and then join. Hell, long term, even a year doesn't make that much of a difference. The biggest downside is that it is pretty much guaranteed that they'll give out NFTs at genesis to people who participated, and that will be a really neat artifact to have and to pass down to your children over this century. I am a little torn because of that alone
The upside of not staking is that you'll have your ETH to do whatever the fuck you want with it. Once staked, you won't be able to move it out of the beacon chain for apprx. 2 years. You'll be able to "pause" (or "exit" as they call it) your stake though, that much is already there.
You should still get the 32 so you secure that position perpetually.

>>24197491
Bought 3 at 300$ didn’t get priced out at least but fuck mylife wish I stopped buying link now

>>24198075
Thanks for that response. I too will pass on the NFT badge for the same reason I don't give a shit about getting achievements in vidya lol. But maybe that 22 ETH top-off is a tolerable risk.

>>24198233
IMHO the 32 ETH entry minimum for the ethereum staker club is equivalent meme-wise to 21 BTC entry minimum to the "1 millionth" bitcoin club.
Of course value (and especially price now) are different, but the narrative is quite similar. If you care about ETH at all, getting up to 32 while you can seems like a good idea.

>>24197723

>>24197491
Is 32 ETH enough to make it?

I have 11 ETH. Will I ever make it?

>>24197567
you had 5 years

>>24197626
Those staking think years down the line anon, that’s how they’re rich enough to stake thousands of eth . They might miss the small drop, but then eths 2k in a year and they’re making comfy passive returns

>>24198748
I have 3.6 I CANT BREATHE

it's time to go Aerodynamic

>>24198908
I have 0.29 AND I CANT BREATHE

>>24197530
>>24197534
>>24197567
>>24197583
>>24197587
>>24197590


If you don't want to lose your last chance get in on this presale

>Ethereum Developer as CEO(vitalik connections)
>CEO's always in telegram
>United States based
>Top notch CEO
>no dirty pajeets
>being listed on CoinTiger.com with over $4B in volume

>>24198994
What is a vitalik?

The question is bros, do we even stake? We sell the top right?

>>24199049

don't miss this chance dude

dyor

I have 1.12 ETH

>>24198075
wtf is a NTF at genesis.

what exactly is staking? I'm just coming back to trading crypto. Used to be into it back in 2017, and had like 60 eth at one point, but they were only 138 dollars ea. Crazy to see how much they've gone up.

Anyways id appreciate just a quick little run down so i can get back into trading and try to actually make some profit.

>>24197491
Unironically it will hit 10k next year when everyone has locked in there 32 eth

>>24199306
32 ETH will net $1866 per month in that case.
Pretty good but still not enough to feel set for life even in post-soviet shithole where I live.
So I personally hope for $20k per ETH.

>>24197491
i only have 1.1 i am priced out for 32 ETH.

>>24199556
The fuck

my portfolio is 5k link and 10 eth. also, im 10k USD in personal loan debt that i need to pay off asap. should i even bother buying more eth at this point? by the time im in the green again ill be priced out for sure...

>>24199820
same, I have 1.9. anyone know any staking pools? plz no scam

just bought 3 eth am i gonna make it bros

>>24197530

its like how fancy restaurants charge a premium just to park your car there, this keeps out the uncivilized riff raff.

ETC is the smarter investment right now:

>>24198022
>>24198162
>>24198261

>>24198908
>>24198964
I have .05 and I can sneed fine frens

>>24199116
I'm selling at 5k minimum

IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

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.

>>24200341
potentially in 10 years

>>24197567
read
>>24198807