/biz/ - Business & Finance

the merge was announced to be happening sept 19

>>50403947
>one testnet merge to go.
>mainnet merge removes literally billions of dollars of annual sell pressure from miners covering costs
>massively oversold from insolvent CeFi having to sell against their will
>ETH blockspace still the most valuable asset in crypto that is bought for its own sake
>all the pretender ETH killers shown to be some sort of scam or dysfunctional at scale or incapable of retaining liquidity without unsustainable incentives
>ETH pivoting to be perfectly positioned for rollup-centric future
>still hosting literally all defi that matters

>>50403986
im happy holding solana knowning that it will outperform eth when btc pumps

>>50403947
because its the future you halfwit

>>50403947
Don't care + didn't ask + ratio
Reverse Uno matic general >>50404353

>>50403947

People say it's the upcoming merge, but that was known for a long time. I think it's just that it was undervalued and finally got a correction.

>>50403986
This.
Btw dump your shitty defi clones on bsc, olana, etc... And buy stuff on optimism and arbitrul.

>>50404301
>>50404439

Once EU and US will announce coming up with bills banning POW all BTC bag holders shall turn onto the most capitalized POS token, so seethe and cope you delusional niggers.

>>50403986
spbp

>>50403947
ETH will reach $10,000 within a year. Ethereum 2.0 is coming, green and with all the liberal eco-narrative. Prepare to see the unseen.

>>50403947
>Merge was supposed to pump us from $4K to $10K, possibly beyond
>Instead it pumps us from $1K to $1.3K
>Next time Presdient Biden falls over his slippers it will shed all these gains in an instant

this isn't how I Imagined it, bros

>>50404301
>solana
topkek go back

Fudding my own validators but wait until 2.0 comes out and people realize NOTHING has changed lol Less sell pressure and some more validator fees but not lowering fees like all normies believe. But, please, pump my bags it’s my biggest holding by far.

>>50404745
This was just one of the many testnet merges you retarded faggot

>>50403947
Broke $1280 support (picrel) and high confidence in the merge e.g. successful testnet forks and Tim's suggested merge date.
>>50404796
I agree with you that users won't see any change and they are hyped for no reason, only following emotions of people who actually care for the merge. As you said only validators, investors and tech people will receive something worthy of the huge hype. When it comes to tech it will be one of the biggest happenings not only in Ethereum but in the whole crypto space ever.
>but not lowering fees like all normies believe
By now even the most uneducated moonboys know that it's not meant to reduce fees. It's been spammed in every merge conversation/article/tweet for over a year. Gas is around 10 gwei now anyway and crypto is in cryosleep.

>>50405022
I think we’re on par for the most part. Most the normies I know in this space have already exited though and they are the ones imo who will buy back in the week prior to the merge and get dumped on. <—— same guys that think 2.0 lowers fees etc..

Not just larping but Ethereum at 20k could be massive fud if all things align in the next 10-15 years. Soooooo many avenues with L2,Sharding, etc..

>>50405055
>20k could be massive fud
If L2s like zkrs succeed in scaling Ethereum and it has the chance of becoming the backbone of the web of finance, the value layer of the internet, this is going further than 2.5T marketcap (120M * 20k). Putting a number to a huge public good like the internet (closest comparison imo) is almost impossible, but all I know is that it will be high. I've been an ETH gigabull since 2017 when my mind was blown by the huge potential of a god protocol like this.

>>50403947
The buy volume is greater than the sell volume. Also Bart inc.

>>50405241
Yes please, I want to slurp up that dip

good luck securing your network without PoW miners you fucking goofs. PoS is a fake gay meme and Eth is going to crash in the most spectacular way possible.
mark.
my.
words.

>>50405516
Why can't PoS secure the network?

also enjoy not being able to remove your stakes for a year or something post merge lol

>>50405516
Why so emotionally invested?

>>50403947
has it touched 10k?

>>50405528
Sold my beacon chain genesis depositor poap for more than I paid for a node lol Not exactly worried about withdrawing. Been here since genesis.

+RAPE DICK+
+LEFT TESTICLE+

>>50405734
Didn't know people sell and buy poaps, it kinda defeats the purpose. They really should be soulbound https://vitalik.ca/general/2022/01/26/soulbound.html

>>50405734
where did you sell it? i'm also sitting on a genesis depositor poap but never moved it away from xdai because these fuckers want 0.1 ETH as "service fee" when migrating it to mainnet.

>>50404301
How much is Sam paying you?

>>50405907
Check uniswap mines the only one sold so far. Sold for 3 Eth when Eth was around 4K.

Poaps are used for airdrops and stuff though. Imagine a poap for Michael Jordan’s flu game or something it would be worth money. Soul bound would make sense in some cases but not like these.

>>50405883
This would be great fr resumes of training or achievements.

>>50405925
Check opensea sorry

>>50404603
what you mean is people bought the news and once btc dumps 1%, eth will dump 10%

>>50405907
List for .5 on opensea and I’ll buy it in a bit?

>>50406098
i think i misunderstood your post, sounded like you got over 32 ETH for it. i think i'll keep it so i get invited to vitaliks legendary pool parties in 2030.

>>50403947
>Why is ETH pumping?
Because it's the only layer 1 that matters

>>50406183
Nah just got more usd for it than I paid for my 32 Eth for the validator

>>50405925
POAP = Proof Of Attendance Protocol. These NFTs should be owned only by those who actually attended and with soulbound this could be achieved, fulfilling poap's purpose. It's just weird, the NFT collector who bought yours probably wasn't a genesis depositor but somehow wanted to pay 12k USD for the "proof of having been there". Maybe he missed claiming his and really wanted one or more likely he just wanted to speculate with price and flip it in the future. I'm just waiting for the NFT space to evolve out of the current collectible jpeg / mindless speculation + free market flipping one.

>>50403947
>>50403967
Brainlet here, will all held ETH just be "upgraded" to 2.0 or will they act as vouchers for a 1:1 swap?

>>50408082
You don't have to do anything, it all upgrades automatically.

>>50408082
There's a conversion address you need to send it to and it automatically gets sent back in upgraded form. Most wallets should be upgraded already to handle that process. In MetaMask your converted ETH will get shown as "PoS ETH". I can dig up the address and send it to you, if you want.

>>50408617
Don't scam you fellow /biz/bros. Even if this is a joke, a brainlet could go search for an address like this and actually get scammed.

>>50408694
I couldn't resist.

>>50408711
>>50408617
Kek

>>50404672
if eu and us banned pow btc would moon

>>50408617
I was born at night, but not last fucking night.

>>50403947
The ETH maxis are deluded

>>50409703
What's the fucking logic behind being an ETH maxi?

A large number of alts are built on ETH so what point do you have to bring them down cause of your fucking insecurities.

>>50403986
this but unironically

>>50405228
>If L2s like zkrs succeed in scaling Ethereum
add in shit like recursive rollups, of L3's posting to L2's posting to L1, shit might get wild
trying to scale on monolithic layer 1s is retarded

>>50408082
it does it by itself
you do literally nothing
anyone saying "do this" or "send it here" are scams

>>50410183
When top projects are being built on your ecosystem, you have every right to be a maxi.

>>50403986

I completely agree and it's nice to see a relief rally but if I was a betting man we're going to see people selling their bags like crazy in anticipation of the the rate hikes later this month.

>>50403947
Kek... maybe it's a bulltrap for all you know jeet. Just wait till the quantum threats to get you all rekt. But I'll be happy having all my eth safely in a EVM compatible quantum resistant blockchain.

>>50403947
Vitalik is malding about the hatethreads done this last weeks here and its trying to manipulate the masses by buying his own coin

>inb4 vitalik was a wow grey parser as all fucking Russian wow players

>>50411795
This is the biggest joke of 2022. You are a sore jeet who gat no balls to take risks kek.. don't compare some shit to ETH.

>>50409455
"This is good for bitcoin"

>>50412699
I think you are just ignorant and go no clue about having a quantum resistant blockchain. I'm sure I'll not be the one to get rekt it's definitely gonna be you fucker. The quantum computers are coming out soon than anticipated.