/biz/ - Business & Finance

>>25470697
It's seeds of the new global financial system anon.
$950 is actually cheap.

>>25470697
Trade shitcoins

>>25470697
>What can I do with 1 single ethereum coin to generate $950 worth of value
Sell it to someone else.

Same desu at least last time you could buy cryptokitties and crypto tanks :')

CDP in stablecoin last/COMP
Running 2.0 validator (mining)
More CDP/LP fees in virtually any defi protocol

>>25470697
You had 6 years nocoiner

you can lend and farm with it + need it as gas for those transactions. have fun with your 0.1% savings account

>>25470697
You can sell it for 950 money

>>25470697
Make 10 trades on Uniswap

>>25470697
Go back to sleep

>>25470796
my average buy price is 150 dollars, and I have 80
>>25470807
kek

>>25470745
Fpbp

See you at $25k

>>25470697
Yield farm, many protocols to choose from. Inaccessible otherwise.

>>25470807

If u feel like trading gasless move them to loopring (costs to deposit/withdraw them, limited pairs)

>>25470697
There are a million ways you can make money with ETH. You're just fucking retarded

>>25470807

>>25470697
you can sell ir for 2k next week
it's that simple

>>25470697
>What can I do with 1 single ethereum coin to generate $950 worth of value?
sell it for $950

>>25470697
You can pay rediculous high transaction fees with it before you lose all your money in a smart contract exploit.

You know, this is the future of blockchain tech kek.

>>25470999
Then sell, its worthless right? Going to zero

>>25471719
name 3

>>25470756
>barely broke even on cryptotanks
>still had fun
all these collectible games and then the P3D/pyramid/ethergoo shit was unironically the best times of crypto

>>25472045
Staking, PoolTogether, Providing Liquidity, Augur

>>25472045
yield farming
staking
making dapps

>>25470697
Buy 100 etc then

once you understand this chart, you'll understand that everything important going on in crypto is happening on Ethereum

>>25472141
>Staking
gay
>PoolTogether
aka staking aka gay
>Providing Liquidity
fake and gay
>Augur
very gay

>>25472045
you're such a faggot. no one should be spoonfeeding you. perhaps try going to one DeFi website on this list and perhaps you'll get it

https://www.coingecko.com/en/defi

>>25470697
It's the building block of finance 2.0

>>25470745
when do you think is the time to buy in? wait for a correction or just start buying in as much as possible whatever the price is?

>>25470697
There is nothing to get. It's speculation at its finest. And by finest I mean you should probably get some before we enter true media mania later this year

>>25472383
>it'll correct soon guys!
t. some retard at 600$

BTC swing trade into ETH now

>>25472256
Well, that's obvious. BTC's creator has seemingly vanished, died or chosen anonymity. Meanwhile ETH is public, they can regulate that and the creator is a nerdy lanky alien guy they can easily manipulate into making choices based on a new financial world.

in 3 years when they have a functioning proof of stake network, you'll be able to stake it for 5% yearly gains. until then you just trade it or farm it like all these other shitcoins

>>25472953
BTC is regulated, and was literally because Satoshi disappeared

>>25470697
> it's 2021 and he still doesn't get it

Not much. We're in a speculative bubble again.

>>25470697
>>25470745
>>25470746
>>25470753
>>25470756
>>25470780
>>25470796
>>25470805
>>25470806
>>25470807
>>25470815
>>25470999
>>25471305
>>25471719
>>25471754
>>25471792
>>25471808
>>25471941
>>25471975
>>25472045
>>25472128
>>25472141
>>25472190
>>25472224
>>25472256
>>25472258
>>25472286
>>25472351
>>25472383
>>25472509
>>25472792
>>25472894
>>25472953
>>25473078
>>25473087
bitcoin created a proof of concept
ethereum is the realization
bitcoin is practically an abacus while ethereum is quite literally a computer
eth's "unlimited supply" is an absolute meme considering eip1559 WILL BE IMPLEMENTED MAYBE NOT TODAY OR TOMORROW BUT IN THE NEXT SIX MONTHS
it may be spaghetti code BUT WHAT IS ONE OF THE MOST COMMON MEALS KNOWN TO ALL HUMANITY?
ethereum owns the fucking network effect for smart contracts, eth killers are like some random "facebook killer" trying to get all the likes and shares
Zuck won, give it the fuck up.

>>25473318
thats right, hence the thread
I have absolutely no idea what to do with 1 eth much less the several that I own

cant I just pay somebody to make it to something useful for me? like come on, there should be an interface built into coinbase or something

It's not a bubble, it's a boom

It's not a bubble, it's a FUCK-ing gold rush

>>25470697
fees
Fees are going to get burned, most likely generating deflation.

>>25473356
>it may be spaghetti code BUT WHAT IS ONE OF THE MOST COMMON MEALS KNOWN TO ALL HUMANITY?
holy shit just bought 100k

>>25473421
>fees
>Fees are going to get burned, most likely generating deflation.

Are the fees actually burned, or are they just recycled into the system?

How is eth removed from supply, and does it mean its actually deflationary?

>>25473356
abaccus are more convenient than computers in many use cases, especially if you're proficient at using them

>>25470697
Poor people buy ether as gas so they can farm ingame items to sell and make a living.

>>25473472
currently they are recycled, but they are going to be burned once eip1559 is implemented.
>How is eth removed from supply
they are just gone
>and does it mean its actually deflationary?
there's a minuscule inflation from stakers, eth becomes deflationary if more fees are burned than stakers get.
20M staked -> 758k new eth year
12133 eth in fees last 24h, annualized -> 4.4M eth in fees per year.
(don't forget that scalability is going to increase a lot)
Do the math

>>25473565
okay so its (going to be) deflationary and has much more utility than btc, and is used in all sorts of retarded gambling scams and stuff

I get it now

>>25473609
nice yeah you got it

>>25473356
Most people really don't get it Anon. Congrats on not being retarded.

>>25473483
Reddit moment!
One Gold for you good sir!

>>25473483

holy shit cringe. are people really this dumb?

>>25473749
I'm not even joking, in Asia I've seen clerks use abaccus to calculate transactions in a tenth of the time it would take to type the numbers into a computer

>>25473850
this is true, it is a machine designed to quickly and easily be used by hand for a specific purpose

an abbacus is like an ASIC for calculus

>What can I do with 1 single ethereum coin to generate $950 worth of value? I don't get it.

Pay for a shitload of operations in the most popular decentralized computer on the internet.

>>25473356
Facebook spends a huge amount of money and time ensuring it isn't taken down by an upstart

>>25470697
I sold all my eth for shitcoins. A little salty, but I don't see how it's anything other than a gas token that you buy to transact more useful tokens.

>>25470697
No idea I sold at $600 and am a little bit mad but I'm also up 3x with LCX so yeah

>>25474085
shut the fuck up you little shillnigger, before somebody finally has enough of your garbage and finds your family and slits their fucking throats

>>25474073
>I don't see how it's anything other than a gas token that you buy to transact more useful tokens.
iq test failed

>>25474102
No problem, come here, I can send you my address and put an arrowhead bolt through your little skull faggot, give me your email address and I'll share my info with you

>>25474195
talon.pyre@protonmail.com
time to stack some shill bodies, send it little fag

>>25474297
>protonmail
ngmi