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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


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25863237 No.25863237 [Reply] [Original]

ENORMOUS iHS forming on ETHBTC pair. Bullrun has been pretty textbook so far. BTC runs, alts bleed, BTC has first big correction and stabilizes, and guess where those profits are going to flow? Alts, and the king of alts first. ETH hitting $4000 sounds just as much a meme as BTC hitting $40k, and yet here we are. It's all in the chart

>> No.25863293

>>25863237
agreed. gonna be big money, and i can live off staking the rest of my god forsaken life.

>> No.25863337

>>25863237
all in

>> No.25863396

>>25863293
ATH will break within the next day or two and we'll run to just over $2500 before the first small correction, then a run straight for $4000

>> No.25863435

IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.

>> No.25863458

>>25863435
it's pumping mad now you faggot

>> No.25863478

>>25863435
tldr

>> No.25863490

>>25863435
Only care about making more money

>> No.25863528
File: 57 KB, 965x614, 1610423386310 copy.png [View same] [iqdb] [saucenao] [google]
25863528

you bet your ass it will

>> No.25863531
File: 948 KB, 1078x596, 1610292679328.webm [View same] [iqdb] [saucenao] [google]
25863531

>>25863435

>> No.25863643

Been accumulating and ready

>> No.25863701

Whats the price end of year lads?

>> No.25863740

>>25863458
>>25863478
>>25863490
>>25863531
Ethereum cannot scale thats a fact. The ETH 2.0 roll out is protracted and convoluted, not too mention that the technology they are working on is inferior and antiquated in comparison to Cardano. There is an atmosphere of ambiguity as to when the Ethereum development team will release a fully working product. If ETH 2.0 launches too early there will be without a doubt a series of disastrous catastrophic errors and bugs that will severally impact the confidence of users and investors. If they release ETH 2.0 too late they are going be left behind. Cardano has already developed a superior network that's orders of magnitude more technologically advanced than Ethereum 2.0. The ETH development team are working on an insurmountable task. Personally my own experience of using Ethereum has been overall a negative one, where the majority of the time I have to pay exorbitant amounts of money in gas fees only for my transactions to get stuck pending for one hour. If people that are technologically literate hate using Ethereum what will normies think of it when they clog the network trying to trade imaginary cats.

>> No.25863783
File: 49 KB, 325x324, Ive+been+played+like+a+damn+fiddle+_87fbc601114c388280f68c7c858869e4.png [View same] [iqdb] [saucenao] [google]
25863783

>>25863435
>copy pasta

good bait anon

>> No.25863820

>>25863740
>Not too mention
To

>> No.25863829

>>25863740
The entire point of the upgrade is to reduce congestion. If it works, it invalidates your argument.

>> No.25863866
File: 146 KB, 788x650, vitalik concentration.jpg [View same] [iqdb] [saucenao] [google]
25863866

QUADRUPLE DIGIT SHITCOIN

>> No.25864098

>>25863820
>>25863829
What is the point of Ethereum?

This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is a fucking joke.

>> No.25864151

I sold ETH yesterday before the dip at 1300 but now Robinhood won’t let me buy back why is this? I could buy stock but if try to buy any crypto my buying power is 0 even tho I have money wtf? Can someone explain this shit

>> No.25864156

>>25864098
wait, are you a fucking bot?

>> No.25864194

>>25863237
>ENORMOUS iHS forming on ETHBTC pair.
on the weekly timescale?

>> No.25864202

>>25863435
look at all these newfags answering you seriously
you really did it, anon

>> No.25864247

>>25864151
Robinhood is shit. Most likely what happened was a rounding error on their end which put you in the negative and automatically caused a 5 day halt on trading. That happened to me and I decided to quit using it. It took 5 days for them to release my funds and 5 more days to get it to my bank account. Robinhood is a scam.

>> No.25864252

>>25864156
it is

>> No.25864272

>>25864151
Idk dont get it either

>> No.25864325
File: 72 KB, 640x640, 1610281323386.jpg [View same] [iqdb] [saucenao] [google]
25864325

>>25863237
fuking PAJEETHEUM shit coin can't scale and you faggots keep pumping it !?!

WHY??!

>> No.25864351
File: 1.18 MB, 674x1022, 1599032509938.png [View same] [iqdb] [saucenao] [google]
25864351

>>25864325
ngmi

>> No.25864513

As we all know, many people got attracted to BTC in 2020 because of its hardened monetary policy. 21M Bitcoin. Halvings every 4 years, etc. etc.

But in 2021 and 2022, ETH will get two upgrades that will give it a monetary policy that’s better than BTCs: (1) EIP 1559 and (2) deprivation of the POW rewards.

EIP 1559 is coming likely mid year and is a fee burning mechanism that will burn a portion of the gas fees in each transaction. So you can imagine the effect of this as the utility and value of Ethereum/DeFi/etc. goes up and people want to use it more.

Getting rid of the POW rewards in favor of the POS rewards will alone result in a issuance rate drop from about 4.5% to 0.5%. This alone is incredible because its an issuance rate less than Bitcoin for about the next 12 years.

Then, when you factor in the fee burning effects, ETH’s issuance can go negative (something BTC can never do). Over the next year or so, we will start to see ETH being talked about as a competing digital SOV to BTC, and I believe its going to gain a significant amount of that market share.

This doesn’t even account for ETHs utility as programmable money and collateral.

>> No.25864569

>>25864351
I'd hit it

>> No.25864593
File: 29 KB, 400x400, apu coin.jpg [View same] [iqdb] [saucenao] [google]
25864593

Anons...I....I sure hope none of you sold. N-none of you sold r-right? You're gonna make it together with me...right?

>> No.25864632

>>25863237
Nice chart faggot

>> No.25864650

Please god let OP not be a fag for once. I just bought 16 ETH

>> No.25864708
File: 18 KB, 320x242, 1600306685907.jpg [View same] [iqdb] [saucenao] [google]
25864708

>>25864593
>>25864650
firiums

>> No.25864711
File: 921 KB, 1080x1266, 1610141841110.png [View same] [iqdb] [saucenao] [google]
25864711

>>25864593
>SOLD AT $1040
AAAAAAAH SHOULD I BUY BACK NOW

>> No.25864733

>>25864513
nice

>> No.25864761

>>25864711
kek I bought from you. I appreciate the free money m8

>> No.25864771

lol you guys believe shit people post on here? i got a shitcoin to sell you...

>> No.25864790

>>25864513
this. just read the finalization of eth1 on eth2 beacon chain hits test net in the next few weeks. the POW chain will be shut down this year almost certain . shits going to go parabolic

>>25864351
god i miss college

>> No.25864834

>>25864790
you went to college in Japan?

>> No.25864929

sold yesterday after hodling from 1k, I'm still not convinced this is gonna normie moon like btc

>> No.25864992

>>25864513
you made my day anon. thanks for the info

>> No.25865076

https://www.youtube.com/watch?v=3RLBxMQLVl4

>> No.25865592
File: 72 KB, 738x732, FUSENT (2).jpg [View same] [iqdb] [saucenao] [google]
25865592

Alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season alt season

>> No.25865767
File: 224 KB, 1440x1440, 1610316908835.jpg [View same] [iqdb] [saucenao] [google]
25865767

>>25863237
this week yes but i do think we'll see another big correction before we really start mooning

>> No.25865850

>>25864513
Bitcoin maxies lost to eth this year. Eth maxies will lose to Cardano next.

>> No.25865900

>>25863740
> cardano
kek

>> No.25866238

>>25863435

You don't understand. Fundamentals don't matter. I sincerely say to you in earnest: stay poor, loser. Ethereum is the first mover, it's developed trust and brand awareness that *zero* "ETH killers" possess, and by the time everyone has heard about ADA or whatever, Ethereum can have already fixed any scaling issues. Honestly you can scream about muh fundamentals all day long but you're already wrong and the ETH price just keeps proving it. Seriously, if you're so convinced, put your money where your mouth is and enter a massive short position against ETH. You're supposed to trade against dominant market sentiment to make profits, right? Take out a massive loan and go short on ETH. Do it, or you're a fucking loser for not believing in your opinion enough to bet on it. Don't do it, or you're a fucking loser for losing all your money. Either way, you're a loser.

fucking pathetic loser.

>> No.25866345

Holding exactly 100 eth that I don’t plan to sell before 2028.
Can I make it bros? Can’t rly buy more in the meantime, my wage is shit

>> No.25866543

>>25863396
Stop

>> No.25866551

>>25866238
This. Brand and name are one of the most important factors in speculative markets. 99% of this shit is vaporware with white papers, bank on those that have caught the imagination of the market

>> No.25866817
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25866817

>>25863293
What is the surviving off your stakes comfortable stack?

>> No.25866817,1 [INTERNAL] 

>>25866551

Like Nokia BlackBerry, Kodak and many others? It's not 19th century anymore, zoomers wil move to the next big thing in an instant, first mover is a meme.

>> No.25866911

>>25863396
plz anon i can only get so erect

>> No.25868033

>>25865850
>>25866238
Next eht shitcoin peddlers and "got no eth and its over 1k allready" COPERS detected
You can spot them by usual cope tech illiterate and logic abandoned arguments :

>confused in thinking scaling blockchain is same as tps (throughout)
(to slow bro!)
>thinking code in opensource space is unique and that someone got some magic peace of code to solve blockchhain trillema
(new tech bro!)
>comparing acuall value accrual network layers with rent seeking web 2.0 aps
(its myspace bro!)
>in space that had only few ah-ha moments like bitcoin solving doublespend problem and ethereums turing compelte computational layer they are convinced they found third 0 to 1 breakthrough
(next gem bro!)
>confusing ethereums transparent, open source and hard to coordinate development from 15 sides with bunch of dead ends and retryes for for weakness because project menager on shitcoins telegram can promise whatever the fuck he wants
(ethereum is mess bro!)
>never used defi in life and have no idea it took 5 years to build rc20 into standard, 6 years to do good dev tooling and 10 teams to innovate on platforms like maker,uniswap,aave,comp to bootstrap defi
(we are launching next dex on our project bro it will be huge!)
>thinking solidity compatible and "ethereum bridge" means projects just port to chain that is secured by 500 bucks of fees daily and 25 billion locked in defi moves to next chain not secured by ethereums consensus layer
(everyone will just port to xxx bro!)
>thinking dev community is not asset of network and they cant wait to jump on next platform
(everyone is comming bro!)
>new as fuck or just literally unable to learn from past eth kilelrs „stealing devs and daps“ like eos,trx,tezos and rest of graveyard
(this time is diferent bro!)

>> No.25868325

So much fud lol. I went in ethbull (3x) yesterday right at the local bottom, feels goooooooood :D

>> No.25868853

>>25863435
This pasta is stale, back to the kitchen with it

>> No.25869517

>>25863237
oh shyt evertyings crasshing aaaaaaaaaaaaa

burgers wake up everythign crashes aaaaaaaaaa

>> No.25869646

>>25863435
Didn't read, not selling