/biz/ - Business & Finance

[Anonymous No.51485720]

Why is ETH crashing if we are literally mooning after the merge??? Make this make sense

[Anonymous No.51485762]

ETH to 0 confirmed

[Anonymous No.51485784]

>mETHheads will ignore that the only reason this is happening is because nobody is using it

[Anonymous No.51485901]

>>51485720
ETH was the true ETH killer all along.

[Anonymous No.51485987]

>>51485720
All ETH longs will be subsequently liquidated and the ETH token not needed, LINK is chosen

[Anonymous No.51486024]

>>51485720
Salty miners dumping their ETH. They'll run out soon, don't worry.

[Anonymous No.51486272]

Shitty fud, that is barely any inflation now, 1/30th what it would be with pow.

[Anonymous No.51486304]

>>51485987
Link is centralized scam, owned by 60% by 1 single company which is owned by 100% by 1 single person.
You're one to talk.

[Anonymous No.51486311]

>>51486272
>$2 Million dollars in ETH inflated in 24hrs
>barely any inflation

okay mETH head.

[Anonymous No.51486322]

Eth is a fucking piece of shit and I say this as someone who used the network almost every day between 2018 and 2021
Luckily I can use avax now for my swaps. Literally never going back. Fuck eth

[Anonymous No.51486342]

Every single fuder here is probably a poorfag waiting for 300$ ETH is not happening

[Anonymous No.51486364]

>>51485720
Now flip the simulate pow switch.

[Anonymous No.51486388]

>>51486311
Now click 'simulate PoW'

[Anonymous No.51486408]

>>51486311

But he's right, it's less inflationary than PoW ETH and BTC. It will be deflationary when transaction volume ticks back up and more coins are being burnt than created.

[Anonymous No.51486428]

>>51486311
>$2 Million dollars in ETH inflated in 24hrs
thats like $0.0002 per person on earth

[Anonymous No.51486434]

>>51486342
even at $300 it's a scam

[Anonymous No.51486462]

>>51486342
>Implying anyone is going to pump your shitbags
No thanks retard

[Anonymous No.51486489]

>>51486428
not everyone on Earth holds ETH

[Anonymous No.51486509]

>>51486489
Yet

[Anonymous No.51486510]

>>51486388
Where are this screenshots taken from?

[Anonymous No.51486541]

>>51486510
is this some kind of 3d chess shilling? i swear to god each screenshot of it gets the same question asked even though its been discussed a thousand times already

[Anonymous No.51486560]

>>51486489
>he doesnt know

[Anonymous No.51486572]

>>51486509
Never. I know you mETH heads are eager for the globohomo world where you own nothing and you're happy like your god King Vitalik likes to fawn about, but the rest of the world not so much.

[Anonymous No.51486587]

>>51485987
>midwit IQ or obvious shill
LINK is built and run on ETH

[Anonymous No.51486597]

eth is deader than a zombie walking into a bush cutter. there is no reason to use eth anymore. not one

[Anonymous No.51486611]

>>51486541
It’s not, just a curious person wanting to know. Could you help a brother out?

[Anonymous No.51486627]

>>51486560
I know it's a centralized Piece of Shit (POS) now backed by literally nothing.

[Anonymous No.51486635]

>>51486587
You are the midwit. And also a newfag. Link is not native to or bound to eth

[Anonymous No.51486649]

>>51486627
All crypto is backed by nothing

[Anonymous No.51486658]

HAHAHAHAHA, enjoy going to $200 you mETHed up retards.

[Anonymous No.51486664]

>>51486311

Its like less than 0.5% yearly inflation, probably much less if I actually bothered to do the math.

[Anonymous No.51486683]

because every single eth printed from here on out has a cost basis of:
$0.00

[Anonymous No.51486692]

>>51486408
>more coins are being burnt than created.
You crypto niggers are so fucking stupid.

[Anonymous No.51486735]

eth has already been replaced. everyone got scammed by defi icos and nfts. eth was the pall bearer for all of those losses and scams. eth is less than worthless at anything but 0.00000001$

[Anonymous No.51486759]

>>51486408
when will the monkey jpeg market come back?

[Anonymous No.51486813]

>>51486759
not for the old altcoins (nfts) but a new set, probably.
no different to the hot 2017 coins compared to the hot 2021 coins.

[Anonymous No.51486841]

eth is absolutely a textbook unregistered security. the price is directly a function of joe l;ubin and vitali jewturin development. it also has a income from staking that wil guaranteed lose in dollar value.

its a stock posing as a crypto. it is the engine of all losses in iicos, defi scams like celcius, nft losers like open sea. its the cornerstone of stock fraud posing as cryptocurrency

[Anonymous No.51486856]

>>51486649
PoW is backed by electricity, nice try through.

[Anonymous No.51486970]

>>51485720
Where is this screenshot from?

[Anonymous No.51487072]

>>51486856
PoW is not “backed by electricity”. A currency being “backed” by something means said currency can be exchanged for said asset at any time. Gold backed paper currency can be exchanged for the gold value of the currency in question for example. There is no electricity backing PoW coins because exhausted electricity is not the same as backing an asset. Just like if I dig a hole in my backyard the hole isn’t backed by the calories I spent doing it.

[Anonymous No.51487088]

what is creating eth though?

[Anonymous No.51487092]

So what is exactly the eth supply thats supposed to be going up? Because you can’t unstake your 2.0 eth yet. But can you transfer your staking rewards now?

[Anonymous No.51487106]

>>51486611
ultrasound.money

[Anonymous No.51487155]

>>51487072
>Just like if I dig a hole in my backyard the hole isn’t backed by the calories I spent doing it.
Depends who you dug that hole for, if you're being paid to do it (like the miners) then the hole was backed by your labor (work) and has a value to someone.

[Anonymous No.51487184]

>>51487072
this is correct
bitcoin is backed by being bitcoin, the first and thus only scarce, unique cryptocurrency/decentralized money
ethereum under proof of anything is backed by its base-layer technology and ability to attract developers to it. the only difference between work/state for ethereum is what the cost basis of printing new eth becomes.

[Jorge Mario Bergoglio No.51487240]

>>51486272
Exponential supply growth is a good thing!

[Anonymous No.51487260]

>>51487106
Thank you!wsjxrp

[Anonymous No.51487298]

>>51487155
Okay you have no understanding of what being “backed” by something means. Currency can only be backed by a commodity which can be freely exchanged with said currency. Electricity is not a commodity nor is it backing PoW coins. And no the fruit of your labor is not “backed” by labor because labor is not a commodity.
>>51487184
Bitcoin may have value for the properties you’ve listed but it is not “backed” by them.

[Anonymous No.51487323]

>>51486388
FUDDERS BTFO
/end thread

[Anonymous No.51487339]

>>51487155

come on, obviously the resources you expend to create something, does not make it any more or less valuable. Value is determined by what people would exchange for it. Banging your head against the wall for example, doesn't make your bruises or the dents in your wall valuable.

>>51487184

"Backed" is a stupid word. Bitcoin is valuable because its utility as the first digitally scarce asset. Eth is valuable in the same way plus the ability to be used in decentralized computing. They aren't "backed" by anything though.

The "cost basis" of mining means nothing. Like I said, the effort or resources it takes to make something has zero impact on its value, it may only affect price by affecting how much of it is produced / supplied.

Bitcoin's block rewards, excluding tx fees, are fixed per block, and the mining difficulty is adjusted so that blocks happen every 10 minutes. The cost of mining has zero affect on the amount of bitcoin that is produced or the price of bitcoin.

[Anonymous No.51487409]

>>51487298
>Currency can only be backed by a commodity which can be freely exchanged with said currency.
yeah that's false, currency doesn't have to be "backed" by a commodity. US dollars aren't backed by any commodity just like Ethereum. Bitcoin on the other hand is the commodity, it emulates Gold. The supply (and value) of gold depends on what can be mined, just like Bitcoin.

[Anonymous No.51487434]

>>51487298
Dumb, wrong. Any crypto's backing is the integrity of the algorithm to validate the location of the tokens, and the process done to run this algo. That's the entire point of crypto.

[Anonymous No.51487449]

Not going to bother reading the thread.
Pic rel is literally the only reply needed.
Thread over, you can all go home now.

[Anonymous No.51487451]

>>51486408
>when transaction volume ticks back up
kek

[Anonymous No.51487464]

>>51487339
>come on, obviously the resources you expend to create something, does not make it any more or less valuable.

If that's true then why do people get paid to do work?

[Anonymous No.51487496]

>>51487409
Christ you’re stupid. “Backed” in the context of currency specifically means a commodity for which it can be exchanged freely (like gold or silver). Yes currencies came be unbacked, and all crypto currencies are. Your PoW coins are not backed by anything. They aren’t backed by electricity. The electricity a miner uses on Bitcoin does not give it any value and it doesn’t back it because the recipient of the Bitcoin cannot freely exchange it for the electricity backing it. There isn’t an electricity reserve to swap Bitcoin for.
>>51487434
That isn’t backing. Backing has a specific definition.

[Anonymous No.51487502]

>>51487434

Only metaphorically. That's not really what "backed" means. That's what gives crypto value, but it doesn't literally back it.

>>51487464

Because their work produces more value to their employer than the money they get paid.

A profitable business generates more money than its expenses, and only a fraction of the expenses are employee comp.

You certainly won't find a job that pays you do sit on a treadmill or banging your head against a wall even if it takes a lot of effort.

[Anonymous No.51487515]

>>51486541
yes, he markets his website samefagging here

[Anonymous No.51487522]

>>51487496
>Christ you’re stupid. “Backed” in the context of currency specifically means a commodity for which it can be exchanged freely (like gold or silver).
Can you not read or something? Bitcoin is the commodity.

[Anonymous No.51487544]

>>51487502
>You certainly won't find a job that pays you do sit on a treadmill or banging your head against a wall even if it takes a lot of effort.
That's besides the point really, nobody is talking about doing work that is not useful so not sure why you keep talking about head banging.

>Because their work produces more value to their employer than the money they get paid.
And the work of miners produces value as well.

[Anonymous No.51487623]

>>51487409
>The supply (and value) of gold depends on what can be mined, just like Bitcoin.

The fundamental difference is that more mining of gold results in more gold being mined. More mining of bitcoin doesn't. The same amount of bitcoin will be created in every block regardless of how many people are mining it.

>>51487544
>And the work of miners produces value as well.

Yes, but the demand is static. The same number of bitcoins are given every 10 minutes to miners, regardless of how much electricity costs.

If anything, having to pay for electricity to mine just creates a need to sell the bitcoin to pay for the electricity. If electricity was free the only difference would be there would be one less reason for a miner to sell their bitcoin.

So this is an advantage to PoS. Far less rewards are needed to incentivize staking vs mining because the costs of staking is much less than mining. There are many advantages to PoW, but this is not one of them.

[Anonymous No.51487672]

>>51486311
Look at the fucking graph in OP retard. imagine how high the line would be on the Y axis by this point on the X axis if the slope stayed the same. I'm not even an ETH bull but you faggots are so retarded I'm starting to wonder if this is astroturfed FUD before globohomo pumps this scamcoin.

[Anonymous No.51487679]

>>51485720
You’re ignoring the vertical line before the merge.

[Anonymous No.51487705]

>>51486759
it won't that shit was astroturfed.

[Anonymous No.51487884]

>>51487623
>The fundamental difference is that more mining of gold results in more gold being mined. More mining of bitcoin doesn't. The same amount of bitcoin will be created in every block regardless of how many people are mining it.
That's fine, still have to mine it though. You have to do work to get it as you should have to with any commodity.

>If anything, having to pay for electricity to mine just creates a need to sell the bitcoin to pay for the electricity.
precisely, this ensures that the miners must sell at a price high enough to at least cover cost of electricity or become unprofitable. it's not a bad thing.

>Yes, but the demand is static. The same number of bitcoins are given every 10 minutes to miners, regardless of how much electricity costs.
The demand isn't static, the inflation I guess you can say is intermittently "static". Bitcoin's inflation was set to mimic the inflation of Gold through mining.

>So this is an advantage to PoS. Far less rewards are needed to incentivize staking vs mining because the costs of staking is much less than mining. There are many advantages to PoW, but this is not one of them.
There is now no work being done to create Ether. So what dictates the base value as opposed to something like Bitcoin where the miners must sell it at least breakeven to cover electrical costs?

[Anonymous No.51487926]

>>51487672
>imagine how high the line would be on the Y axis by this point on the X axis if the slope stayed the same.

yeah ETH was an endless inflationary piece of shit with no Max supply, I get it. Now it's just a Piece of Shit (POS)

[Anonymous No.51487942]

>>51486388
turns out that COST is what gives value to production, if gold mining was free it would be cheaper than iron

[Anonymous No.51487955]

What the fuck is grayscale trying to do? https://www.globenewswire.com/news-release/2022/09/16/2517691/0/en/Grayscale-Investments-Declares-Distribution-of-Rights-to-Ethereum-Proof-of-Work-Tokens.html
Do I understand this correctly? Grayscale wants all eth tokens to be minted directly into their wallet and then they distribute them to the market after they take their Jewish cut?

[Anonymous No.51487978]

because you got rid of miners, a huge portion of the market that produced the coin and sold it and provide liquidity.
now people get punished for using the network, so people stopped using it and there's not enough burn going on because one would rather be the holder than being fodder for the holder

[Anonymous No.51488074]

>>51487926
It still has no max supply though

[Anonymous No.51488083]

>>51487522
>Bitcoin is backed by Bitcoin
This is the IQ of anti-POS tards on display
No, Bitcoin is the currency which supposedly being backed by electricity, which it isn’t.

[Anonymous No.51488158]

>>51486856
>PoW is backed by electricity
Like I said earlier, you are not people, you’re niggers

[Anonymous No.51488163]

>>51487884
>You have to do work to get it as you should have to with any commodity.
This is the fundamental problem with PoW maxis. They legitimately believe that because the word “work” is in the name that it means they’re doing labor which creates something. No. YOU are sitting on your fat ass while a computer guesses random numbers of no appreciable value until it hits the right ones and a pre-determined reward is granted to you. You are not doing any work to receive your Bitcoin. You spend money on a glorified number randomized that guesses numbers for you.
>There is now no work being done to create Ether.
There is no work being done to create Bitcoin. An ASIC guessing numbers for you isn’t work.
>So what dictates the base value as opposed to something like Bitcoin where the miners must sell it at least breakeven to cover electrical costs?
There is no base value for ANY cryptocurrency, even PoW coins. The value of Bitcoin has been below the cost required to break even on mining multiple times in the past 6 months. Supply and demand is all that determines the cost of these coins. Just because a miner NEEDS to sell at a certain price to break even does not mean that is what the market minimum of the coin is. In fact as we saw in July miners were taking on massive amounts of debt to continue mining because actually selling their Bitcoin was unprofitable.

[Anonymous No.51488242]

>>51487884
>precisely, this ensures that the miners must sell at a price high enough to at least cover cost of electricity or become unprofitable

No, they don't. If the cost of electricity rises, or the price of bitcoin falls, some miners become unprofitable and stop mining, hash rate drops, blocks take longer, so then the difficulty is then reduced, to achieve 10 minutes block time, so that the exact same amount of bitcoin is then issued, but now to less miners. The cost to mine per bitcoin decreases so its profitable again.

The way the bitcoin protocol is designed there is no point at which bitcoin mining becomes completely unprofitable because the difficulty is reduced until its profitable enough.

>The demand isn't static

Yes it is, the bitcoin network pays the exact same amount of bitcoin to miners regardless of the price of bitcoin or how much electricity cost.

>So what dictates the base value as opposed to something like Bitcoin where the miners must sell it at least breakeven to cover electrical costs?

Again, 1. the cost of produce something has zero relation to its value and 2. the bitcoin network is deigned so that there is never a minimum profitability price per bitcoin. Bitcoin can be sold down to 0.01 cent and the difficulty will adjust until the exact same amount of bitcoins per block are being produced every 10 minutes.

[Anonymous No.51488269]

>>51488083
Bitcoin is a commodity retard, not going to tell you again. it's like saying Gold is backed by Gold. Gold's price is determined by the available supply and the work it takes to get it out of the ground (mining) just like Bitcoin.

[Anonymous No.51488411]

>>51488269
God damn you have completely moved on from “Bitcoin is backed by electricity” because you fundamentally don’t understand what that word actually means in this context. “Backing” applies to currencies, like US Dollars or Euros, and when they’re “backed” their value comes from a commodity, such as gold or silver, which they can be freely exchanged for in financial reserves. When the US dollar was backed by gold this meant, in practice, that you could walk into any bank, hand them a $1 note and be given $1 in gold. No questions asked, no premium, no fee, no tax, etc. because the dollar was backed by that gold. That is what backing means. Bitcoin is not “backed” by anything, nor is any cryptocurrency.
>Gold's price is determined by the available supply
Gold is a commodity. Backing applied to currencies.
>and the work it takes to get it out of the ground
Incorrect. Difficulty or extent of labor has never equaled the cost of labor and therefore never equates to the profitability of a commodity. It’s easier than ever before for an individual gold miner, and gold is more expensive in pure cost as well. Supply and demand is the determinant of a commodity’s cost on the market. Nothing more. Nobody is willing to pay $X for a commodity because of how much labor went into it.
>just like Bitcoin.
See >>51488163
Bitcoin’s price has fallen well short of being able to support miners more than once this year.

[Anonymous No.51488438]

>>51488163
>You are not doing any work-
Retard, we securing the most valuable network and ledger on Planet Earth. Bitcoin is just the reward for doing so.

>There is no work being done to create Bitcoin. An ASIC guessing numbers for you isn’t work.
Yeah there is work being done and all that work requires power, electricity, in the real world. ETH is just a centralized joke with nothing to determine value.

>There is no base value for ANY cryptocurrency, even PoW coins-
The base value for a miner working to secure any PoW Ledger is the cost of electricity, if it falls below that he can continue mining if he chooses to or as they usually do, turn the miners off. Nobody will keep mining at a loss forever. Ethereum now has no such value, it's a security in a centralized entity that pays dividends, and that's what the SEC should label it, a security.

[Anonymous No.51488560]

>>51488269

Yes, more gold will be mined if gold price goes up. So gold has a slightly increasing supply curve. But gold's stock to flow is still high, its supply curve is going to be relatively flat, and its price almost entirely determined by demand.

For bitcoin, its supply curve is completely flat, horizontal. Price places zero role in the supply. Bitcoin's price will be determined entirely by demand. The cost of mining is actually not relevant to bitcoin supply, but actually would be a negative effect on demand because miners would need to sell bitcoin to pay the cost of mining.

Only commodities with higher stock to flow, like oil, wheat, etc. are going have their price more dependent on supply. That is if the supply curve shifts to the left, supply becomes more scarce or expensive, price will increase more dramatically.

[Anonymous No.51488588]

>>51488242
>No, they don't.
If Bitcoin miners are not selling at a price that is high enough to cover their costs then there is literally no incentive for them to mine Bitcoin. So yes they are typically selling at a price that is high enough to at least cover the cost of electricity.

>Yes it is, the bitcoin network pays the exact same amount of bitcoin to miners regardless of the price of bitcoin or how much electricity cost.
That's not demand, that's the inflation, demand is how many people want Bitcoin.

>Again, 1. the cost of produce something has zero relation to its value
That's false, nobody is going to continue to produce something that costs more to produce than the value it has on market, so there is in fact a direct relationship. The price of Bitcoin is indeed related to the cost it takes to produce it.

[Anonymous No.51488598]

>>51488560
>if the supply curve shifts to the left
correction: the right

[Anonymous No.51488679]

>>51488588

You're not understanding that for bitcoin, the supply is the same regardless of how many miners there are. It doesn't matter if there are 100 miners, 1000 miners, or 1. The exact same number of bitcoins are being supplied.

>That's false, nobody is going to continue to produce something that costs more to produce than the value it has on market, so there is in fact a direct relationship

Price is different than value. I'm talking about the value or utility of something that determines its demand at any given price. That has nothing to do with supply. You're right that the price of something is dependent on supply and demand, the price is where supply and demand, based on value, meet. But bitcoin is unique in that its supply is exactly the same no matter what the price it.

[Anonymous No.51488755]

>>51488411
>God damn you have completely moved on from “Bitcoin is backed by electricity” because you fundamentally don’t understand what that word actually means in this context.

I know exactly what it means, Bitcoin is backed by Electricity like the USD is backed by "The full faith and credit of the United States". Pretty sure I can't turn in a USD for some "full faith and credit".

>Gold is a commodity. Backing applied to currencies.
So it Bitcoin.

>Nobody is willing to pay $X for a commodity because of how much labor went into it.
If the price of an item on the market does not meet the base labor cost of producing that item then nobody will continue to make that item.

>Bitcoin’s price has fallen well short of being able to support miners more than once this year.
aka Miners are gambling hoping to recoup in the future, that's their decision. Any miner with common sense would turn their miners off. The fact that they're gambling at a loss doesn't make your assertion correct.

[Anonymous No.51488893]

>>51488242
>The way the bitcoin protocol is designed there is no point at which bitcoin mining becomes completely unprofitable
Not quite true, if people decide to mine for a loss then the price will stay below costs

[Anonymous No.51488913]

>>51488679
>Price is different than value. I'm talking about the value-

Okay answer this, how does one value Bitcoin?

[Anonymous No.51488922]

>>51488755
>Bitcoin is backed by Electricity like the USD is backed by "The full faith and credit of the United States"

These are just metaphors people use, they don't mean that literally.

[Anonymous No.51488948]

>>51488922
tell that to the guy I was talking to.

[Anonymous No.51489005]

>>51488913

Its utility as money, including as a store of value. If I want to store some fixed amount of "value," say $1000 USD worth at present value, then its obvious my demand for bitcoin increases as the price of bitcoin in dollars decreases. At $1000 I will want 1, at $100 a bitcoin I will want 10.

[Anonymous No.51489108]

>>51489005
makes sense okay, value vs price you're right, I was using them Interchangeably

[Anonymous No.51489164]

>>51489005
So does price affect value or no?

[Anonymous No.51489219]

>>51489108
>>51489164

Other way around, value will determine the demand curve, and price is determined by where the demand and supply meet. For bitcoin supply is not dependent on price, its the same for every price.

[Anonymous No.51489303]

>>51488560
>>51489164

Fuck, I realized I mixed up x and y axis. Bitcoin supply curve is vertical, not flat, but same concept. At any given price, the quantity of bitcoin available is the same. The price is determined solely by demand.

The cost of electricity doesn't move that supply line. If anything higher cost of mining just slightly decreases the demand line because miners have to sell to cover the cost.

[Anonymous No.51489356]

>>51489303

This is different from a normal commodity where if it becomes more expensive to produce the supply curve shifts left and the price increases. NOT for bitcoin though.

[Anonymous No.51489472]

>>51485720
I can't really seem to place my hand on this movement, aren't these miners migrated to ETC or moved to the PoS ETH already, these peeps be making things damn fucking hard. Well in terms of gas fees I paid $1.4 for minting and NFT impressive kek. But also after flipping immediately I saw some good shorts on Reef and Ride hitting a possible last bottom and hence an entry was made.

[Anonymous No.51489495]

>>51487434
The point of crypto is decentralization which is why there is a lot of emphasis on decentralized identities.

[Anonymous No.51489644]

>>51485987
I’ll shove the bugs down your throat linky

[Anonymous No.51489681]

>>51486572
Bug protein powder !!! Remember skelly has a large schlong that my handlers say I need to worship on /biz/, brb I need to go dilate

[Anonymous No.51489737]

>>51489644
Link is going to flip ETH and everyone will look back in 10 years and compare it to Nokia versus Apple. MEV gang deserves all the worst. I'll buy 1 eth at 1 dollar just to laugh at you.

[Anonymous No.51489755]

link and eth are jew scams. they will be 0.0 when the world war strts and the jews face the reality of global extermination

[Anonymous No.51489913]

Ethereum bagholders are hilariously retarded. Your chain is dead and your coin isn't worth anything. Deal with it in a healthy way and stop feeding your delusions. You got emotionally involved in a scam. It is literally that simple.

[Anonymous No.51490089]

>>51485720
Gas fees are terrible. Banks adopting XRP at staggering rate. ETH and BTC are the Covid-19 and Not Vaccines of the Crypto-Sphere: fake and gay and designed to damage or kill you. You get what you deserve. You bought the shitcoin of a Aspergers kid who couldn’t even intern at Ripple Labs. XRP=The Standard.

[Anonymous No.51490167]

>>51486304
negro, just how will that 1 person block an oracle call to my contract with 60% of the supply? Tell me anon. Tell me.

[Anonymous No.51490341]

>>51489495
>Decentralized identities
Big highlight on ORE

[Anonymous No.51490363]

>>51489737
That's dumb. There is no it's going to flip ETH

[Anonymous No.51490374]

>>51486388
It will reach that within a month.

[Anonymous No.51490432]

>>51486408
It's less inflationary than POW ETH, yes. There will never be more than 21 million bitcoin though, it's just that it hasn't all been mined yet. But now there's also an incentive to not spend your ETH and have it all locked in staking, so it could unironically go parabolic with supply creation and remember it's just being given to the people who have the most ETH, encouraging more centralization. It's unironically over unless they change something

[Anonymous No.51490627]

>>51490167
> just suck the cock of the centralized premined plutocracy bro

[Anonymous No.51490762]

>>51490627
How is it sucking their cock to get filthy rich by doing nothing else except a digital token? It's sucking their cock because I never have to work again or what?
>Just stay away from these investments goy, they are a very very bad company. You have morals don't you goy?

[Anonymous No.51490975]

>>51490762

your shit isn’t decentralized, it’s worthless

[Anonymous No.51491041]

>>51485720
ETH desperately needs sharding or its done. L1s are eating ETHs lunch

[Anonymous No.51491111]

>>51486311
now do bitcoin

[Anonymous No.51491896]

>>51491041
>Made for BNB
sorry mETHeads

[Anonymous No.51491999]

Whales dumping their ETH for XRP. One megawhale even bought a huge $500m candle

[Anonymous No.51492041]

>>51488083
It's being backed by Proof of Work. There is proof that energy was expended to mine it, that's all there is to it, really.

[Anonymous No.51492455]

>>51486311
lots of cope replying to this KEK

[Anonymous No.51492719]

>>51488083
>anti-POS
there is no benefit to using pos, you fucking retard

[Anonymous No.51492732]

>>51486024
This is what I've been assuming as well.

[Anonymous No.51493650]

>>51485720
ETH is so fucked KEK

[Anonymous No.51494251]

>>51485720
how are those cheap fees post merge? kek

[Anonymous No.51494967]

>>51494251
The merge was never supposed to make fees cheaper.

[Anonymous No.51495030]

>>51494251
Fees are unchanged and are still avg $0.40/tx.

[Anonymous No.51495134]

Because ETH is a shitcoin now.

[Anonymous No.51495747]

>>51486342
I have never understood why i should buy and hold eth. You overestimate your trany coins pull with anyone looking in from the outside. At this point it simply is a safe investment with moderate returns over years and years. There are much better options on the market. mETH heads think maxis are seething about them hard, but frankly i think nobody is really thinking much about you. All mETH personalities online are with literal men in dresses or literal fuming pimple faced losers. It is nothing, but off-putting. "Da community" has lost steam long ago, and there are low new user numbers. Literally bagholders.

[Anonymous No.51495777]

>>51494967
>>51494967
>>51495030
>becomes centralized
>oh who cares, the fees are there for those who want to be completely decentralized
who remember 360 dollar fees

[Anonymous No.51495791]

SIRS PLS NOT REDEEMING THE ETHANOL WE ARE MOONING SIRS BASTERD BENCHODE BITCH RAPE YOUR SIR

[Anonymous No.51495918]

>>51487240
>Exponential supply growth is a good thing!
That's not what exponential means you drooling retard

[Anonymous No.51495944]

>>51486635
*shuts down ETH*
What now? How do you move your tokens?

[Anonymous No.51495961]

>>51486408
I've been reading about Eth being deflationary since at the very least 2019. Never happened, not happening now, probably won't happen ever.

[Anonymous No.51496210]

>>51485720
The merge is literally not that much of a big deal as clowns have made it hence the price action not living up to the hype.

>>51485987
We have spotted a dumb marine once more!

>>51495961
>deflationary since at the very least 2019. Never happened, not happening now, probably won't happen ever.

ETH going deflationary would be a no-brainer but it seems like the powers that be don't want that happening!

[Anonymous No.51496381]

>>51496210
>ETH going deflationary would be a no-brainer but it seems like the powers that be don't want that happening!

Never happening anon!

>>51494251
What the fuck does the merge have to do with gas fees are you that retarded?

[Anonymous No.51496543]

>>51485720
Eth's only use case was gambling with shitcoins, leverage, and NFT's and now everyone has run out of money

[Anonymous No.51496582]

>>51496381
>What the fuck does the merge have to do with gas fees are you that retarded?

Lot of clowns don't know what the merge is about unfortunately and they always want to chat shit about it.

>>51495030
Where the fuck did you get these fees from? Are you talking about some L2?

[Anonymous No.51496661]

>>51496582
L1 gas is literally at 5 Gwei. $0.15 per tx.

[Anonymous No.51496909]

>>51486408
lmao
>its inflationary when nobody is using it
so it just spirals downward, its not being used (cause its dogshit) so it inflates itself and further devalues its already crashing value
how does it make any fucking sense to you, retard baggie

[Anonymous No.51497107]

>>51496661
Well, for L2 its far lesser can remember i bridged my tokens with the Alliance Block bridge and it cost me about $0.04 per tx.

[Anonymous No.51497233]

>eth is fucking dead
Kek, looks like BTC maxis were correct after all. Might well as just run your shit off of Azure/AWS and cut the middleman out of the defi maymay.

[Anonymous No.51498818]

>>51496909
Yeah the tokenomics seem backwards to me. When use is low, burn rate should be high to increase value, when use is high, burn rate should be low to help keep the price down so people don't get fucked on gas fees. This feels like something a shitcoin would do

[Anonymous No.51499067]

>>51486572
>the year is 2080
>bitcoin becomes a global reserve currency, adoption is finally here
>entire nation states desperately claw for muh satosherinos
>sure, 61% of satosherinos are owned by 11 pedophiles / internet libertarians that bought them for the price of a McChicken in 2014
>sure, these same people routinely scamwick the fuck out of the market for quick retail bux (priced in fiat btw)
>sure, btc's only value proposition that hasn't been decimated by reality over the past decade is one completely antithetical to the interests of these nation states
>it's also fundamentally incapable of scaling without layering aggressively and compromising on every aspect of its most important philosophical tenets
>but bitcoin was victorious, and all the shitcoiners apologized and bought Atlas Shrugged and then clapped (and also V*talik died)

[Anonymous No.51499184]

>>51485720
Everyone switched to Avax

[Anonymous No.51499717]

as soon as eth->xmr atomic swaps enabled I'm dumping this shitcoin.

[Anonymous No.51500288]

>>51485720
double digit

[Anonymous No.51501502]

>>51485720
The whales are rugging ETH. Maybe they will pump ETC.
>The effect of the merge will surface in a few weeks, cool down.
>You can chill with some low cap blockchains like CSTI, QANX.

[Anonymous No.51502504]

Im sorry to say guys but POS tokens have a lot more sell pressure than POW. It's not even that hard to understand why

[Anonymous No.51502525]

>>51498818
and also this

[Anonymous No.51502540]

>>51486311
l fucking mao
etrannies are finished