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23364672 No.23364672 [Reply] [Original]

https://cointelegraph.com/news/ethereum-flippens-stablecoins-to-become-the-most-used-blockchain
What are your thoughts on this and why is ETH not showing any price actions? Id it is used, shouldn't the demand for Ether increase?

>> No.23364681

Unlimited supply fud incoming

>> No.23364742

>>23364672
Institutions aren't really buying yet. Not enough liquidity or history for it to allow them to buy a hundred million dollars worth. Retail is also too dumb to buy ETH. Most of reddit and Twitter is still buying xrp. Despite a huge difference in price, it wasn't until recently that ether passed up xrp on google trends. Most people buying ETH have more money though than xrp high school drop outs.

I think within 6 months we will see institutional money going into ETH.

>> No.23364767

>>23364672
ETH core Devs are loose cannons. They're a bunch of unpredictable hippie nerds. Institutional scum won't give them serious money until they absolutely have to

>> No.23364824

>>23364681
yeah i did not say july

>> No.23365107

>>23364672
Tell me anons what do people use ETH for? Other than trading for useless ERC20 tokens and waiting for it to pump?

>> No.23365131

>>23365107
Paying for gas?

>> No.23365144
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23365144

>>23364672
price of ETH didn't go up AT ALL when the first stablecoin moved to ETH and more than doubled the traffic on ETH's network. traffic is not correlated to price retard, it is all speculation. With the constant fuckups by the incompetent ETH core devs, you will see ETH slide into oblivion.

>> No.23365157
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23365157

>>23364742
>I think within 6 months we will see institutional money going into ETH

>> No.23365224

Deposit contract release will put a clock on ETHkillers. Any ETHkiller that hasnt captured a significant portion of the smart contract market within a year after that, is de facto dead.
Rumor has it, it will be announced on Tuesdays ETH dev call. That is tomorrow. O_o

>> No.23365366

>>23364672

Scaling solutions are bearish for ETH because it reduces gas costs.

>change my mind

>> No.23365505

>>23365366
PoS will turn ETH into a store of value. An even better one than BTC. Stakers will live in a slightly deflationary environment while non-stakers and bitcoiners live in a slightly inflationary environment.
Rollups will scale a lot of apps on ETH, most even, but they wont fix everything. Base chain will still be under some load. And as soon as that load gets lifted a bit, more adoption get possible and quickly fills the void again. Sharding will scale ETH L2 a lot, but it is still 2+ years away. And then all the L2 dApps can move to L1 to fill the void again. Lower tx fees in the end, but a shitton of them.

>> No.23365654

>>23365505
sharding is not even within the realm of possibility right now and vitalik is trying to get everyone to forgrt abput it after shilling it fornyears as the end all be all.
>stay with ETH 1.5
rollups are a cuck copout and nobody is using
>layer 2
additional complexity and more guarantees of shitcode incompetence. ETH is fucking trainwreck

>> No.23365734

priced in