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/biz/ - Business & Finance

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28826719 No.28826719 [Reply] [Original]

If your ETH killer is going to win.. Explain why grayscale bought ETH

>> No.28826815

because they are old retarded boomers who dont actually use defi

>> No.28826838

>>28826719
>delusional autists who dont understand network effect inbound

>> No.28826936

Pro tip: you can't, ETH is king.

0xF1cD8199e8130a09C94E53954Cf822e01a5de621

>> No.28826975
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28826975

>>28826838
ETH will never fail, gas fees could go to 1000$ and people will still use it

>> No.28827027

Why is she making that face? Looks like she's in danger.

>> No.28827050
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28827050

There are 1.7 Trillion USD in circulation. If we want Ethereum to match that demand, the price of Ether will have to grow by 85x.

There are $73 T in stock market assets. If we want to generate permissionless synthetics of these assets on Ethereum, they need to be collateralized by Ether, and will require Ether price to increase by 3650x. The same is true for the global money supply.

If we want a permissionless world, where humans communicate value through a trustless platform, the value of Ether needs to scale to meet this demand. Right now, Ether and Ethereum serve the needs of a small niche population of dedicated believers and the value of Ether is high enough to do so.

However, If we want to onboard the next 1-Million, or 1-Billion, users to Ethereum, Ether will have to increase in price to support the economic activity required by permissionless/trustless financial applications.

>> No.28827109

Grayscale also put money down on Yearn Finance and SushiSwap

>> No.28827111

>>28827027
It is because of the back massage she is getting

>> No.28827117

>>28826719
she's cute, source? she looks like a young Veruca James

>> No.28827123

>>28826838
I've always hated the term network effect, it's pretentious legalspeak for monopoly.

>> No.28827137
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28827137

>>28827050
as Open-Finance becomes more useful, the price of Ether should scale up alongside it to match the demand. The higher demand Open-Finance generates for ETH, the better the ETH stake rate. Collectively, both of these forces pull on the price of ETH, to increase the bandwidth of Ether in Open-Finance, and the security mechanism that supports the Open-Finance economy.

The US-Dollar price doesn’t stand a chance, so long as DeFi continues to generate more financial applications on top of it.

>> No.28827408

>>28827123
doesnt change the fact that people will still eat at mcdonalds instead of the mom and pop because they know what they are getting and they are everywhere

>> No.28827428

>>28827117
anon.. you already knew the answer

>> No.28827498
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28827498

>>28826936
This. Vitalik got in ahead of everyone. ERC20 has become the standard for token issuance. ALL exchanges uses it. I think a lot of investors is underestimating this fact. Underestimating the network effect.

>> No.28827761
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28827761

>>28827137
>>28827050

most based post of 2021 so far, that's why i'm an ETH maxi

>> No.28827802

>>28827761
I hold 0 eth by the way kek
just like to post info

>> No.28827909

>>28827050
This isn't totally right
We don't need synthetics of these assets. Eventually the governing body (the people who already govern how shares are issued) will just create NFTs

>> No.28827924

>>28827050
if it costs someone 100$ fiat of any currency to pull off a 30$ transaction, people will go away, look how BSC is being adopted because of its nonexistant fees.

You either stop paying the miners so fucking much or people will stop using the product, supply and demand.

>> No.28827949
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28827949

>>28827924
>BSC is being adopted

>> No.28827978

>>28826719
Who is she bros and why is she holding bitcorn

>> No.28828316

>>28827978
bitcoin

stop trying to throw off the tracker nigger or i'll add buttcorn and bitcorn to the verbage-

actually i'll just go ahead and do it, fuck you, done

>> No.28828670

>>28826719
Name plz

>> No.28828910

>>28826719
Yo answer the question nigger. I need to coooooooooooooooooom

>> No.28828958
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28828958

>>28826719
The answer is because they know money skelly and they dont doubt him. Nothing can stop what is COOMING.

>> No.28829116

>>28828910
look through the thread someone mentioned her name

>> No.28829199

>>28826719
please stop posting mildly attractive whores... you are making my coom sense tingle

>> No.28829247

>>28826719
I wish that was me

>> No.28829482
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28829482

>>28826719
>eth killers

>> No.28830386

Who is this lovely and demure lady?

>> No.28830796

>>28830386
APPARENTLY it's Veruca James, I don't know what video. but check out "Work Sucks The Big One" with James Deen, it's a classic.

>> No.28831013

>>28830796
I've seen the video, it's not that good