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/biz/ - Business & Finance

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11029934 No.11029934 [Reply] [Original]

Ethereum is already fast becoming the undisputed global digital asset registry of the financial world. Why else would State Street and the rest of the companies in the Enterprise Ethereum Alliance be getting involved? State Street have 2.7T AUM and just backed a crypto USD on Ethereum. Everything you can think of financial related is going to be based on this blockchain.

>> No.11029956
File: 360 KB, 593x892, 1536628140643.png [View same] [iqdb] [saucenao] [google]
11029956

>>11029934
strongest eth buy signal ever. eth is going to be worth a few thousand $ per eth

>> No.11029980

>>11029956
This news hasn't been digested by the market yet. I'm going to be putting a lot more into ETH while its sub $200.

>> No.11029984

>>11029934
Friendly reminder that RSK brings contracts to bitcoin.

And in a good way ;)

>> No.11029994
File: 295 KB, 375x523, FFC6E076-770E-4FDE-A3BA-C651A0012147.png [View same] [iqdb] [saucenao] [google]
11029994

>>11029934
Indeed

>> No.11030026

>>11029980
same. going deep as fuck on eth. starting tonight with $4k

>> No.11030041

How much ETH to make it?

>> No.11030056
File: 129 KB, 674x641, unknown.png [View same] [iqdb] [saucenao] [google]
11030056

>>11030041
320. Thats 10 validator nodes. Probably enough to retire.

>> No.11030067

>>11030056
what if you dont have 64,000? can you still make it without having nodes just off of price alone?

>> No.11030089
File: 64 KB, 618x597, 1528610741219.jpg [View same] [iqdb] [saucenao] [google]
11030089

>>11030041
>He STILL thinks any amount of ETH will allow him to /make it/

>> No.11030091

smart contracts are shit, like crytokities, until sergey make them shine

>> No.11030109
File: 183 KB, 720x360, 1498166920085.jpg [View same] [iqdb] [saucenao] [google]
11030109

>>11029934
Friendly reminder that ETH has major problems both technological and economic:

https://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdf

https://s3.us-east-2.amazonaws.com/tetrascapital/Tetras+Capital+-+Ether+%28ETH%29+Bearish+Thesis.pdf

https://medium.com/startup-grind/i-was-wrong-about-ethereum-804c9a906d36

(1/3) http://www.truthcoin.info/blog/pow-and-mining/
(2/3) http://www.truthcoin.info/blog/pow-cheapest/
(3/3) http://www.truthcoin.info/blog/pos-still-pointless/

>> No.11030153

>>11030056
this is just some third-party cunt's code dude

>> No.11030211

>>11030109
>(1/3) http://www.truthcoin.info/blog/pow-and-mining/
>(2/3) http://www.truthcoin.info/blog/pow-cheapest/
>(3/3) http://www.truthcoin.info/blog/pos-still-pointless/
what a prime example of an educated idiot.
Only an educated idiot could honestly believe that loss of liquidity from locked virtual tokens is equivalent to physically increasing entropy by spending energy.

>> No.11030311

>>11030091
LINK is not going to 1000x. This bear market burned a lot of people with unrealistic expectations. This is overall a very good thing for the market.

>> No.11030678

>>11030211
But that is what loss of liquidity does. However, that argument is not the main contention of the series of articles anyway.

>> No.11030804

>>11030678
>But that is what loss of liquidity does
It doesn't. The main problem with his math is that cost can't be reduced to a scalar. The real world is always heterogeneous.
It's pretty easy to show the absurdity: imagine there are 1000 tons of coal on an island, that's it. No new coal can be made, ever.
A PoS system locks up coal for security. It can potentially work forever because coal isn't actually burned, it only changes ownership.
PoW actively burns coal (nothing else works). Eventually it all runs out and there's nothing to be done, for infinity.

It's not a mathematical abstraction where you can treat coal as continuous and infinitely divisible. It isn't, there's a minimum amount that can be economically burned.

Letting abstraction hide reality is what makes him an educated idiot.
>However, that argument is not the main contention of the series of articles anyway.
It is. He starts from an absurd assumption that costs must be the same, and therefore lost liquidity/whatever creates same waste as pow. His no rent argument is wrong in its own special way, but it ultimately follows from the core error.

>> No.11030830

>>11029934

>friendly reminder ethereum is under $200

>> No.11030848

>>11029994
Wait, if he can attack without tapping then that just basically means he fucking machine guns the other player down instantly?