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

/biz/ - Business & Finance

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29424150 No.29424150 [Reply] [Original]

There was never any value in trading shitcoins so mETH heads moving to a chink spreadsheet because Vitalik is a moron isn't anything to be sad about.

BTC almost only exists within custodial wallets and will only become more so as price increases and users are priced out of using the Blockchain entirely. Its not all bad. You can still make money on numba go up, but the possibility of the tech actually being disruptive is fucking gone.

There was a window in which a monetary revolution could have occurred, but that time has long since passed. Its unironically over. They won again.

>> No.29424363

>>29424150
didnt read, I'll turn this into an eth apprechation thread

>> No.29424432
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29424432

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.29424511
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29424511

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.29424649
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29424649

If ETH 2.0 and the EIP works out, ETH will become the defacto currently of the internet and one of the most important store of values on the planet

>> No.29424801

>>29424432
>Ether needs to scale
ETH literally does not and cannot scale solely because of the way it executes script.

Taking transactions off the blockchain does not scale a blockchain. You may as well go buy chink tokens on CZ's spreadsheet.