/biz/ - Business & Finance

>>56530271
because the only use case for crypto is money, and as money ethereum is absolute dog turd especially since it moved to pos

Because right now we're profiting off of this FUD. Once we move our gains from SOL to ETH, things will start looking bullish for ETH here.

>>56530308
So what you're saying is wait for alt season? Makes sense

>>56530271
>Someone mentions ETH
>BTC guy shits on ETH
>Here comes FEES ARE TOO DAMN HIGH guy
>Someone tryes to explain l2 scaling and whole blockspace thingy
>Gets dunked on by L1 baggys from chain literally noone not even them uses
>Gets dunked by FEES ARE TOO DAMN HIGH guy who won't engadge in debate he's here to spread FEES ARE TOO DAMN HIGH message
>Some guy does Vitalik pedo joke
>>Facebook/Betamax of crypto guy pops in
>L1 bagholder (95% down, 66% down vs ETH or something) tells you how ETH is old and dumb and his ghostchain bags are future
>Spaghetti code guy does his bid
>Next L1 shill, goes to war with OP and L1 shill from before
>Thread is in mid phase now, some random retard quotes Bitcoins standard as holy bible
>Now comes part when someone shills random ticker you never heard about
>Someone pops up to actually reply to everyone above with facts and logic
>gets dunked by L1 baggys spitting usual propaganda (it was speed before now its how l2s are retarded or something)
>gets dunked by BTC zelots (it was no use case and nOtMoNeY before now it's POS sux NoTMadeFroMEnErGy with dash of rich get richer or something)
>Some random shizo with ETH is WEF or FED coin pops in
>Some guy (class '23) pops up and starts asking every shill above (class '21) genue questions like we all are still having human conversation at this point
>BTC guy is back to explain you how abandoning miners killed ETH
>Again part where someone shills random ticker you never heard about
>Part where class '21 blockchain expert mansplains you why ETH sux balls
>thread dies

Yeah gl with thread op

>>56530271
salty miners, salty btc maxis, salty "eth killer" maxis, etc....

>>56531176
this just shorter: >>56531181

>>56531203
Yeah but I like this pasta cos its so true and kills dumb threads because everyone recognizes themself kek

A lot of shitcoins are just pajeet code copypasta Ethereum "killer".
Eth hate threads are often filled with fake posters shilling shitcoins.
I wonder how many people can see through it.
Like 90% of /biz/ is bots and pajeet scammers.
Spotting a genuine thread requires an oldfag's eye. There must be about 1 or 2 a day.

>>56530271
fantom killed it with sonic

Can someone post the old vitalik spider image?

>>56531176
Kek nice summary

>>56530271
because it's not scaling
>inb4 muh L2

>>56531176

People on this board like to talk shit about every single coin that's shilled.

>>56531176
>>Someone pops up to actually reply to everyone above with facts and logic
This is me. I run almost 20 validators and firmly believe Ethereum is the future of crypto. It's the safest long bet in the space but ignorant retards would rather chase pumps. Oh well.

>>56530271
>1) money skelly is untrustworthy and a turbo autist with rugpull written all over his ugly face
>2) PoS is a scam
>3) between ICOs, cryptokitties, and NFTs, the coin has a reputation for bullshit that will never be shaken
It'll go up this cycle, probably, but you're playing with fire. I don't know what this cycle's big scam is going to be but I do know it will be built on Ethereum.

>>56533234
>between ICOs, cryptokitties, and NFTs, the coin has a reputation for bullshit that will never be shaken
Bitcoin has a similar tarnished reputation, from people having to paypig in BTC when their computers got locked up by viruses several years ago, to shit like Silk Road still being the most famous example of BTC being used for purchases instead of just for speculating. I can be somewhat convinced of the first two points even though I can argue against them, but saying one coin has a worse reputation than another coin is stupid when they all have blood on their hands.

>>56534636
That's true enough, I won't deny that BTC is dirty too.
Thing is though...I didn't even mention BTC. Ask yourself why you're so defensive regarding ETH vs BTC.

>>56534699
>Ask yourself why you're so defensive regarding ETH vs BTC
Because I mentioned it in the OP, this thread is about comparing the two.

>>56531176
You forgot
>premine
>dao hack
>Joe Lubin's face
>the ETH futures etf (bearish if approved, bearish if not approved, two ways to be bearish no way to win)
>ETH is a crypto security, not a digital commodity
>ETH/BTC never exceeded 18' ATH, let alone 17 ATH, because the market is oversaturated with cheap knock-off L1s
>Vitalik dumping harder than Sergey
>Spaghetti code
Oh nevermind you said spaghetti code

>>56531176
kek

You'd have to be actually retarded to see the ground that BTC made and not understand that ETH will have similar returns. I'm not sure if the flippening will happen, but all L2/L3's use ETH as the network. The deflationary system mixed with the above will be burning gas in the coming years which will skyrocket ETH beyond what anyone here can imagine.

Nothing's changed with pic related. Being an ETH maxi (80% crypto portfolio as ETH) has not failed me so far.

Hitting 2k by the end of the month by the way.

>>56535172
Thanks for using a trip, I can filter your faggotry now. Eth will hit 10k. Now kys yourself

>>56530291
Ether itself holds intrinsic value as the native currency of the ETH network, which is esteemed for its unique properties and its capacity to facilitate the creation of diverse apps. The significance of ETH's value derives from its indispensable role in powering and interacting within the network.

All your L2 and L3 coins you shill on /biz/ desperately for measly returns will be using ETH and you will have already killed yourself. You can stop reading here. There is no blockchain more useful, or used more, than Ethereum.

>you don't understand the impact ETH will have on the next generation of crypto and aren't investing 100% of your net worth into it
ngmi

>>56535172
>Nothing's changed with pic rel
>"...until eth reach 1000USD and sell."
Kek!
Anon, you will be selling when eth reach 1000USD once again.

>>56531176
Noice

>>56532507
Noice, 13 validators here broski.

>>56530271
Because a year ago eth wasn't a PoS.

>>56535217
thank god i thought i was going crazy, good to hear a voice of reason around here

>>56530271
You have different brands of retards:
>BTC boomers
It's too complicated for them and they don't like it

>alt L1 #348 bagholder whose coin will surely flip ETH because fees are lower
Don't tell him about rollups having already more TVL than all their ghostchains combined
>2021 newfags who bought centralized scams like HBAR or ICP
They believe they're galaxy brained when they are just exit liquidity for VCs

>a fringe of LINK schizos
They think they're persecuted by a group of ETH OGs

Basically Ethereum is an IQ test and most of /biz/ is failing it.
Last word of advice as a 2016 oldfag: focus on tokens with L2 dapps.

>>56536082
am i gonna make it if i have 69 eth and nothing else

Because its about to pump idiot

>>56535217
>>56535993
yeah and the eth network is useless. it's my job to automate things and make things more efficient, server code verification is also on the table for me, among other things. you're retarded. money is the only use case of crypto. it's not even secure now.

>>56530271
bunch of people got scammed. Too much dumb adoption too soon.

>>56536082
>Don't tell him about rollups having already more TVL than all their ghostchains combined
There won't be mainstream adoption of Ethereum rollups while the fees are still pennies (3 orders of magnitude more than Solana) it's impossible for devs to subsizide an app at scale which is necessary to abstract away complexity and provide a simple enough consumer experience to attract millions of users.

>>56536397
>Last word of advice as a 2016 oldfag: focus on tokens with L2 dapps.
fees are literally going to get 10x+ lower after blobs and 4488 in next 3-6m lol

>>56536397
It is, stuff like Arbitrum Orbit are basically dedicated L3 dapp chains, fees will be sub pennies like they already are on Nova. And if Zk rollups become practical then it will reduce fees by another factor 10 or 100.
Scaling on Ethereum is basically done, now the new challenge is interoperability between these layers, hopefully CCIP will do it.

>Solana
Solana is much more centralized than Ethereum, the hardware requirements for nodes are higher but the main issue is really the bandwith required which basically ends up centralizing all nodes in a handful of providers. That's why it had so many days of outages in 2022 and 2023 which is unacceptable for a L1 because it is the base of the pyramid on which everything is built.

If you watched Smartcon the ANZ guy made a valid point about how he expects things to evolve in terms of settlement. Basically L3+ will host microtransactions for dedicated apps with high thoughput (for example a F2P or something like fiverr). Bigger transactions like stock trading or swaps will happen on L2s. Then really big settlements in the millions and more will happen on L1.
Basically the higher value the transaction is the higher level of security and decentralization you want (and in this case paying 20 bucks in fees to exchange 30 millions in securities is nothing), meanwhile the lower you go in value the more you can rely on trust assumptions. Just like in real life you don't need a written contract and a lawyer to buy a glass on lemonade stand, but if you buy a house or set up a business deal you do.

Once you understand that you understand that L1 tps are basically a pointless metric and running everything on one chain by compromising on decentralization is bruteforce approach which is self defeating.
What matters if how hard, decentralized and resilient the base layer is.

>>56536673
This anon gets it.

>>56530271
>Why is there so much FUD about Ethereum on this board?

there isn't any, you're just an idiot who bought into a pre-mined vc-owned shitcoin scam that already dumped

>>56536673
And ETH is currently the most hard, decentralized, and resilient base layer?

>>56531176
and so the pasta is born

>>56530271
ETH has just reached peak hype and is coming down from it. Literally every tailwind and narrative was blowing in eths direction last cycle and now reality is setting in that while eth has promise, it was overhyped relative to competitors. This cycle is for alt L1s like SOL to gain dominance from ETH.

ETH isn't necessarily bad but it's just too big for what it is. Plus it was so focused on BTC that it didn't properly build the network for what people wanted which is just scalable shitcoin gambling. They don't need a second store of value. That's BTC. ETH should have been focused on staying technologically relevant vs worrying about mimicking the 'moneyness' of btc.

Chase two rats at the same time and catch neither

**//** Anon this is BECUS the consensus changed. If there are lots of ppl joining the staking then the rewards are less for everyone. ETH whales buy FUDDING contracts to keep normies away from staking so the whales can earn more. << they do not want you to own ETH>

From use value alone what does etherium do, what apps do etherium has thats popular and has use value, or heck even if its unpopular what app has use value in etherium

>>56530271
Gas prices are fucking stupid bro.
Send $20
$6+ in gas.

Fuck you shit ETH

>>56531176
Take your meds

>>56530271
Because most fags can't afford 32 ETH so the bitterness and resentment has grown.

Eth’s great for those that got in a few years ago but now it’s just miners stealing from users and people churning out 1000 edition garbage NFTs to bump up gas prices.
Token not needed anymore for the majority of crypto users. It’s like paying hundreds of dollars for a McDonald’s meal but McDonald’s has a future

>>56541253
So send $600 and its then only a 1% fee
Why are you only sending $20 at a time lmao

>>56531176
I, too, have been here a long time

>>56532507
Thinking of getting into this. Biggest hurdle?

>>56539944
Checked and based double dubs poster

>>56542791
the future of transactions are $600 nigger, and a 1% fee is retarded.
I sent $350 in LTC at the same time and it cost me 13 cents. ($0.013)

>>56530271
it's simple really, the token is not needed

>>56544229
holy shit i fucked that up.

>$600 ARENT the future
>cost me $0.13

>>56531176
Effort posting but worth it.
>40% BTC
>40% ETH
>20% shitcoins
Simple as

>>56535217
>the impact ETH will have on the next generation of crypto
>next generation
ETH was already the backbone for Uniswap at the beginning of the last bullrun, and Opensea at the end of it, so the impact is already there IMO

premined scam designed to enrich the founders

>>56530271
There’s a handful cheap and fast L1’s ready to take over the next generation of Defi and Ethereum is literally dragging ass and taking their sweet time upgrading it to make it scalable. It will probably be 4-5 years before anything is implemented. Considering selling off my ETH stack and converting it to SOL.

>>56542916
Configuring the software was probably the toughest part. I have experience with playing around on Linux when I was much younger but dealing with command can be tough for newbies. And syncing the clients can be a pain in the ass. I chose hard mode with besu in the beginning but I kept getting lots of missed attestations. Now I'm gravy with geth and nimbus.

Fuck I want 32 ETH so bad. Don't even have 10. I want fo run my node.

>>56545602
8 ETH + 2.4 ETH worth of RPL token is enough to start staking one validator through Rocket Pool.

>>56531176
Holly shit, we are at 17/21 already biz is like real time meme, think I should make bingo card from this kek
>>56545403
Had much easier experience with prysm+geth (now running nethermind+teku for diversity lol), but finally, prob 2 years to late some nice GUIS poping up https://www.nicenode.xyz/
>>56545780
I hate fact you need rlp token for it, but yeah, If I had no 32 eth to solo validate would just buy lsts (minority ones pls)

They missed the $90 bottom when staking was announced.
Seriously, imagine not solving your entire life by buying a week's worth of waging of ETH back then. lol.

>>56542916
Just get a Dappnode Home (dappnode.com). It makes it super simple, with a nice GUI. No command line bullshit.

Once you get your node synced (i.e. you download the blockchain for both the execution client and the consensus client), you then use Wagyu (https://github.com/stake-house/wagyu-key-gen/releases)) to generate a keystore file for each validator you'll be making and also the deposit description file. You'll want to do this on a machine that will never be online again, or at least one that you'll be restoring to factory state between the time when you generate these files and when the machine goes back online.

You then go to launchpad.ethereum.org and follow the instructions. This will involve you uploading the aforementioned deposit description file, and then making the deposits of 32 ETH for each validator.

Then, you must go to your Web3signer on the Dappnode and upload all of your keystore files.

And that's it. The Dappnode will take care of all the validator processes. You can use a beacon chain explorer (https://beaconchai.in/)) to check up on your validators from time to time.

>>56530271
EVerybody here focusing on gains. This cycle won't be different than the rest. First money will flow into BTC - people will go crazy and shit on everything else, then ETH - people will go crazy and shit on everything else, then alts - people will go crazy and shit on everything else.
Just spot the shifts and prepare your list of alt bags. You'll make it

>>56546644
share your list fag

>>56546682
>GMX; perp DEX
>OGBX; gaming
>AZERO; Privacy
>RNDR; AI

Alphas with high growth potentials

>>56546682
90% btc
10% eth

after btc goes to 100k i'll do
70% btc
30% woth of NTFs on the ETH chain

>>56547894
Perp DEXs are golden for the next run
Privacy prefer RAIL but can't shit on AZERO
RNDR based
OGBX never heard of
crypto payments CYMI

>>56547934
NFTs will never make a comeback again as artworks unless they actually become useful showing their true potential.
I'll buy some Spool once it bottoms for a 50X

>>56548444
CYMI has a looong way to become a good project. Fucked up UX. The idea could be executed better

>>56548596
If they manage to onboard their already existing web2 users, it will work

>>56548777
Meh... I would prefer xmoney, coti pay or something like that. Cymi can be good but need a better onboarding process

>>56548444
>Never heard of OGBX
Well now you do anon, presale is done, CEX listing on next