*goes proof of stake*

[Anonymous No.9687873]

Every ETH you own now earns you interest from the network fees paid on the network. Who else here planning to accumulate enough ETH to earn enough interest to never have to wagecuck again?

[Anonymous No.9687890]

>>9687873
This is only if you stake your eth, which will require over 1000 ETH easily. So good luck to any of you Pajeets thinking this will help you.

[Anonymous No.9687891]

the interest is miniscule you idiot. unless you are holding at the minimum of low 7 figures, you are still going to wage cuck.

[Anonymous No.9687901]

>>9687890

They have already confirmed staking pools so plebs can get interest too

[Anonymous No.9687907]

>>9687890
This. It is just another way for this scam to benefit the people at the top. Pretty hilarious when crypto was marketed as a way to fight income inequality lol.

[Anonymous No.9687930]

>>9687873
what gives ethereum value? it is a utility coin used to pay for sending erc20 tokens
now ask yourself, are all those tokens actually worth anything? I think they will all die when market matures, and so will ethereum

[Anonymous No.9687934]

>>9687873
yup I am currently developing my ICO .

*token contract and crowdsale contract is finished
*website is nearly finished
*currently hiring some larp indiens chines to show off a great team and actual work.
*then i let those people pose in front of mcdonalds payment processors post pictures on 4chain reddit twitter.
price will explode from nothing to a few dollars.
*Earn extra money from the feozen developer funds by selling it on binance
* biggest goal pay the shitload of money to binamce so they list your coin.

the goal of the ICO is to get around 1000ETH in profit.

[Anonymous No.9687944]

>>9687901
Pooling for staking is the equivalent of a bank. Only way i'd touch this shit with a 10 foot pole is if it is a decentralized contract, which I hope is the path that's being taken.

Or chainlink of course

[Anonymous No.9687956]

>>9687890

no you have the wrong numbers,
vitalik said, that you need 100ETH at the begining and this will get lowered down to 30ETH.

and who the fuck didnt has 100ETH?

[Anonymous No.9687962]

>>9687890
>1000
https://www.trustnodes.com/2018/05/01/sharding-proof-concept-launches-casper-32-staking-eth-requirements-coming-says-vitalik-buterin
Staking pools will come by anyways.

>>9687891
This. Stakers will just barely outrun the inflation. So in reality, if you are an ETH investor anyways, you'd better stake it and it will be an only slightly better store of value than Bitcoin. If you are actively using ETH in some projects or for paying stuff, you will want to spend it because otherwise it will lose value over time. If you don't like ETH in general, then just don't invest/stake.

Don't invest into ETH for the hopes of passive income with staking.

>>9687930
>what gives a crypto value?
s.m.h.

[Anonymous No.9687966]

>>9687956

Pretty sure it's 1500 eth needed at the start

[Anonymous No.9687979]

>>9687873
steemit is better for this if you either use steem power or collect interest in the savings account. There are other coins like this too.

[Anonymous No.9687980]

>>9687934

Need any help from a non-Pajeet? Also working on whitepaper/ICO setup.

[Anonymous No.9688028]

>>9687962
>inflation

get rekt newfag

https://github.com/ethereum/EIPs/issues/960

[Anonymous No.9688051]

POS is a PIECE OF SHIT

[Anonymous No.9688059]

>>9687962
>This. Stakers will just barely outrun the inflation.
Unless ETH scales and Transactions become massive in volume

[Anonymous No.9688064]

the only thing pos is doing is reinventing interest. you can only make money if you already have it. proof stake is a dead end tech culdesac.

[Anonymous No.9688074]

>>9688051
Wow, you're clever. How do I get clever like you?

[Anonymous No.9688073]

>>9688059
>https://github.com/ethereum/EIPs/issues/960
Dude fucking read.

It's going to be 0 inflation with a fixed supply.

https://github.com/ethereum/EIPs/issues/960

[Anonymous No.9688102]

>>9688073
I dont really know if I like this, but it will work.

[Anonymous No.9688123]

>>9688102
Be careful before you dismiss ETH

https://ethresear.ch

[Anonymous No.9688128]

>>9688074
BY SELLING BCASH SHIT COIN !!!

[Anonymous No.9688135]

lol corecucks on damage control because PoS is goign to save the planet and make the communist cypherpunk dream a reality

[Anonymous No.9688206]

>>9688135
unironically this

[Anonymous No.9688229]

>>9688135
>communist cypherpunk
pick one, you cant have both.

[Anonymous No.9688236]

>>9688229
ETH is full of cypher punks


https://www.youtube.com/watch?v=dQ9iDgDUWiU

[Anonymous No.9688260]

>>9688236
I dont give a fuck if ETH is full of aliens from outer space. Encryption makes it impossible for the state to gain enough power over the people to enforce a communist state.

You will end up with anarchic / libertarian situation where taxation becomes completely fucking impossible.

[Anonymous No.9688276]

>>9688260
Look up Aragon, the future of governance is factions

https://aragon.one

[Anonymous No.9688295]

>>9688276
this nigga
W O K E
O
K
E

[Anonymous No.9688330]

>>9688064
This. It gets implemented because it is in the interest of to those who hold ETH, which is to say everyone involved in decision-making from money skelly down.

[Anonymous No.9688346]

>>9688276
>factions become powerful
>claim base of operations
>lines have been drawn

Congratulations you have reinvented clan warfare robber barons and city-states. Next up people nation-states. I can't wait.

[Anonymous No.9688374]

>>9687944
Rocketpool uses smart contracts for staking.

[Anonymous No.9688375]

>>9687891
This creates a critical problem. Most autists as we should all well be aware are willing to mine cyber tokens at a literal negative interest rate, there are two stronger drivers - they are able to larp as contributing members of society by fucking around with their computer game cards and they are able to discretely transfer wealth from their parent or in rare cases landlords via the energy bill. With staking these evaporate entirely.

Anybody with the money to live off interest is going to try and maximize comfort through the best rate possible. There is literally nobody not already bag holding ETH who is going to lock any away at an interest rate not representative of the risk.

The hype of POS will pamp it, but as soon as other moon missions start taking off it is time to get out.

[Anonymous No.9688382]

>>9688260
>communist
>state
Pick one.

[Anonymous No.9688392]

>>9688276
>Look up Aragon, the future of governance is factions

Its probably not going to be factions. Mainly because any faction will be comprised of people who are not technically part of that faction and can come and go any time they want.

[Anonymous No.9688405]

>>9688382

>The absolute state of commies

Go read a book brainlet. Maybe Marx so you actually understand the ideology

[Anonymous No.9688413]

>>9688405
"communism is a classless, stateless, moneyless society" - per Marx.
Of course all the fucking idiots who implement it get it wrong, but telling someone to read Marx isn't really going to work when that's what he wanted.

[Anonymous No.9688417]

>>9688405
yeah I was not even able to respond to that. Like what the fuck? How does one say you have to choose between the state and communism?

I suspect STRONG BRAIN DAMAGE. Maybe trolling?

[Anonymous No.9688418]

>>9687907
>fight income inequality
No, it cuts out the (((middlemen))) and lowers barriers to entry.

[Anonymous No.9688419]

>>9688382
how are you planning on getting the richer people to share with the poorer people without state force?

[Anonymous No.9688426]

>>9688419
I don't want to be a communist, I just know what it is.

[Anonymous No.9688431]

>>9688413
stateless in that context is talking about only one central power. Which is one state with no other smaller states within. which means its essentially stateless.

[Anonymous No.9688436]

Man you guys are autistic AF.

The interest literally comes from the fees paid by transactions.

The more transactions, the more the interest will be.

[Anonymous No.9688442]

>>9688426
I think you want to believe you know what it is. But you dont even understand that stateless means only one state.

[Anonymous No.9688469]

>>9688405
I’ve read Marx and it is SJW-tier mental diarrhea

[Anonymous No.9688471]

How does PoS work? If there are no miners, who will process transactions?

[Anonymous No.9688476]

>>9688405
https://en.wikipedia.org/wiki/Withering_away_of_the_state

Literally the first google result ya dumb bitch

[Anonymous No.9688484]

>>9688471
Stakers

[Anonymous No.9688489]

>>9688476
Is this in context of rising of the proletarian? In that case the context is removing the state so you can replace it with a single power which is a stateless society. Which means ONE STATE.

[Anonymous No.9688564]

>>9688489
>stateless means one state
The absolute STATE of bizcucks

[Anonymous No.9688579]

>>9688564
It sounds weird but its true. One central state means its stateless. It means you dont have to think about having multiple states in the same country.

[Anonymous No.9688709]

Can't believe how easy that was.

[Anonymous No.9688719]

>>9688709
Biz is retarded.

ETH will blow up like crazy when staking is possible.

[Anonymous No.9688747]

>>9688476

Retard even hardcore gommunists acknowledge that this cant happen because Groucho Marx was a delusional cult leader who believed that human nature is 100% environmental and that we must simply restructure human nature and eventually no one will ever commit crimes because we will all be drones. Dude was seriously messed up in the head,

[Anonymous No.9688759]

>>9687934

airdrop pls

[Anonymous No.9688775]

>>9688719
>ETH will blow up like crazy when staking is possible
>less interest than NEO and QTUM
>about to get EOS'd

sage

[Anonymous No.9688881]

>>9688719
take a nice look at CMC. look at the top 15 coins. I see dapp capable coins that don't require mining and have much faster transaction times a lllined up and moving to the top 5 in single file.

[Anonymous No.9689010]

>>9687956
>and who the fuck didnt has 100ETH?
dunno, like the 99,99999999% of the population?

[Anonymous No.9689082]

>>9688375
/thread

[Anonymous No.9689136]

>>9688375
why you talk like miners are autist brainlets? srs question. Im thinking about getting in big time when the new cards arrive.

[Anonymous No.9689194]

>>9689010
top kek

[Anonymous No.9689278]

>>9687956
everyone and their mom have 100eth that's pathetic

[Anonymous No.9689294]

>>9688747
Has nothing to do with what I posted or why I did but thanks for the pontification, your half-baked political philosophy is of the utmost interest to me