/biz/ - Business & Finance

>>23972857
>Lol, good job anon now you looked it up yourself
I didn't look it up, that's where the $32B figure comes from. Precisely $32.85B but I rounded it downwards
>Contradicts your posts above where you tell us we need to live with an$32b amount fixed mining fees
you are still confused in some weird way. The value of newly created bitcoins at $100k is $32B. That's what you get when you multiply yearly block count with 6.25 and $100k.
>Fewer miners are productive.
that's the point, their profit margins are low and they have to dump almost everything.
>>23972912
>All the PoS projects said the same shit
what are you even responding to? Which PoS project said it has higher fees than bitcoin? None.

Did you know that ethereum transfers more value than bitcoin?
https://twitter.com/MessariCrypto/status/1318985292347543552
Bitcoin is dying no matter how you look at it. Only speculators remain.

>>23747076
>What is the point of Ethereum?
global computer
>>23747076
>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.
do you not get what trustless means?

eth has already shown that it's capable of handling billions in erc20 shitcoins, we're a few years from it handling trillions in actual commodities and equities

it's weird because a lot of the reasoning for btc being top marketcap is circular, if eth can actually flip it there's very little reason for btc having it's value
eth already makes miners more money with less hashpower
eth handles as much transactional value even though it's valued at 1/4 of btc

>>23448016
>I'd say it's overpriced by 100
the network that can settle as much as bitcoin is overvalued by 100?
is bitcoin also overvalued by 100?

2021 is the year of the flippening