/biz/ - Business & Finance

L3s bro.

>>54325252
l2 do what they are supposed to do. a shame btc fundamentalists never embraced side chains or even colored coins; they missed their chance. the flipening happened today

>>54325252
I don't understand why there isn't more enthusiasm for ethw

>>54325308
easy explained, the builders in the blockchain space are for the most part also eth nerds, why would the scarce resource that is blockchain devs abandon what made them filthy rich?

>>54325275
>or even colored coins

Chia went all in on this as a concept. Are any other L1s doing it?

>>54325586
no, but its too late now and simply doesn't matter. Builders build on eth based chains, users use eth based chains. I don't even see btc anymore breaking that quasi monopoly on devs thanks to fundies

>>54325404
because with ofac and pos the reason for eth to exist is harder to find.

>>54325662
pos > pow. pow existed to bootstrap ASIC development, leading to AI

>>54325662
just you non compliant validators, its a world wide network, not everything is the US and since 2001 the old hegemon controls less and less, outside and inside its borders

>>54325252
ICP will sort it out don't worry

>>54325634
>Builders build on eth based chains
>users use eth based chains

Not entirely sure I buy that as something that matters, given that nothing that's been 'built' so far really has real-world application. It's just more cryptoshit that's used to promote more cryptoshit. The same applies to the users, who all just buy shitty looking NFTs (less so now that it's fallen out of popularity) and try to convince others to buy their useless shitcoins that serve no purpose. Given that actual wallet and coin security seems to be bottom of the barrel goals for most project leads, I can see they don't genuinely see long-term future for what they're working on

>>54325681
the new hegemon will exert more control. i thought the idea was to be uncontrollable. too many people lost (or never had) that notion.

>>54325722
no purpose in your way at looking at things, but who says that your way to look at things is the right one, just because tv man tells you to follow the Malthusian slave mentality and produce for your lord kikes to grow their power doesn't mean that there aren't people that think playing ponzi games and distributing perceived value amongst them that give two shits about what you think is right and useful
>>54325735
>new hegemon
lol, I wont live when the new hegemon takes over probably sometime in 2200

>>54325801
you're missing the point. if it can be controlled it will be. pos is clearly more controllable than pow. seems like there should be some true believers left on ethw working toward what eth pretended to be.

>>54325863
there aren't. you might find one or two true believers among the buttcorners, Balaji is such an example, but they stand no choice, the goat succeeded and his ideology is distributed anarchy. Tornado cash works until this day

>>54325674
cope retard. pos = piece of shit

>>54325252
delete this

It can't, it's fucking trash. All these dogshit bandaid solutions like L2s are cringe desperation moves.

>>54325252

No the stake holders are too greedy, they make money from the fees and they will never vote to lower the fees.


You will never scale with those retarded fees.

>>54325252
Faggots on this board be looking for quick gains without proper research. detailed research and market analysis is all you need to print green dildos. altcoinistdao and cryptorank are goto platforms for research

>>54329882
that is what l2 is for. btc went the same way with its lightning network, but it missed the timing, most active btc is wrapped btc on an eth network

>>54325252
Avalanche Subnets solved Scaling.
>Subnets are fully customizable and can run any Virtual Machine not just the EVM and any Database you want
>Subnet hardware requirements are customizable too
>Subnets can use whatever Fee token they want and they can implement whatever Fee market they want
>Subnets can talk to other Subnets thanks to Warp Messaging (you could basically export chainlink Oracle Data from an oracle subnet to ANY subnet for just a couple cents for example and bootstrap that network in minutes)
>Subnets can be permissioned or Permissionless
>Subnets can be Private or Public
>Subnets can decide how many Validators they want
>Subnets can be KYCd
>Avalanche can scale to Millions of independant Validators
>a Subnet can host multiple Blockchains
>every Subnet has Sub Second Finality for every Transaction
>Subnets are already gaining institutional adoption (deloitte, KKR, intain etc.)
>Every Validator has to Validate the Primary Network (X,P,C-Chain) and thus has to stake 2000 AVAX
>Most AVAX is already locked up in staking or delegated to Validators
>Marketcap is still low
>Future looks bright

just buy AVAX instead, way more potential for Gains and it actually Truly Scales.

>>54325252
>zkrollups are dead
k

ETH is taking the wrong route to scale, Or at least the incomplete and lazy route (Basically gave up on trying to scale and let 3rd parties do all the work). The roadmap isn't future proof, And by that i mean in terms of elegance and security, Scaling through L2s is a very bad idea long term, I can't even imagine a whole financial system worth trillions of dollar being at such a risk of:
>Running on the most complex contract known in cryptography, This open the floodgates for the sophisticated hackers to find endless vulnerabilities
>Unconstrained circuits means ZK can lead to silent exploits, Meaning hacks that go unidentified, More so, It allow in some cases random proofs who don't even make sense to be accepted. This is dangerous to the point it's irresponsible ever shilling this kind of tech in parallel to "security" let alone one who should run the whole financial system
>Terrible UX/UI, The average user will never be able to use ZK "properly"
>Extremely centralized by nature and parasitic on its users, Decentralizing the sequencers will come at cost of scaling and then you get to point zero and ask yourself wtf is even the point of this shit?
>Will face state-bloat problems like any L1 that doesn't scale horizontally, especially ZKEVM which's the most overrated shit the Ethereum community ever shilled
>Countless of additional security assumptions that make this thing inherently more insecure than most garbage L1s out there despite the "shared security" red herring and frankly, sociopathic and delusional narrative i see circulating at the moment

>>54331722
We're pushing scaling narratives that limited to ETH limitations, This is disgusting and definitely not how this space should progress, I believe the ETH maxis phenomenon is considerably more dangerous and juvenile than BTC maxis

Some other major problems in design:
>Impossible composability and interoperability
>Fragmented liquidity
>Terrible UX/UI, The average user will never be able to use ZK "properly"
>Poor finality
>Storage wasting on the DA
>Dexes running on Rollups are regulatory align with CEX, Meaning that your Uniswaps will be as regulated as your Coinbases, Which defeat the point of running decentralized exchanges to begin with.


Pic related makes you wonder why we're prioritizing a scaling solution that cover 2-3% (Sub 2% among POS protocols) of all exploits while increasing ten folds the risk of exploits that cover 80%+ of all hacks.

>>54331722
>>54331731
>frog poster
opinion entirely dismissed without reading it

>>54331722
>>54331731
this guy gets it.
Now compare that to >>54331653

>>54325252
so you suggest avax? because solana is so very dead too

Everytime the Superior Avalanche is mentioned all the Ethereum fangirls abandon thread lmao.

>>54325252
Enjoy paying rent to your landlords to use crypto. Fucking plebs.

>>54331722
>>Countless of additional security assumptions that make this thing inherently more insecure than most garbage L1s out there despite the "shared security" red herring and frankly, sociopathic and delusional narrative i see circulating at the moment
I recommend everyone to listen to this slightly autismal rant by Emin regarding the low IQ "le L2s share security meme": https://youtu.be/3KDHASOByKY?t=2029

>>54331722
Eth didn't even "transition" to staking. They just took the mining protocol and added another layer of fucking staking bullshit on top. And now it's at least twice as hard to run a node, exactly as intended. Their "decentralized" network is now running only because of a server farm in New Jersey.

>>54325252
I use ETH to buy bugs

>>54335056
lmao how is that dumb fuck coin actually printing? not even zk shit is it?