/biz/ - Business & Finance

>>10874614
It processes 80% of all blockchain transactions actually. It's undervalued.

>>10874614
>Ethereum processes more than 2.5x the amount of daily transactions of Bitcoin
90% of those are shitty cryptokitties and ponzi scheme.

>>10874737
or does this merely imply tx volume is a worthless metric?

>>10874755
I'm going back to before the normie surge with this, but there was a time it had been implied over 50% of bit coins transactions were for gambling purposes. I don't know where they are all going now, but beyond shitty casino games and exchanges where else could any meaningful amount be going? Is there some other application for crypto right now other than betting in one way or another?

>>10874787
Delet

>>10874755
It still amazes me people brag about it.

>>10874614

And it can do that at 0.1$ or 1000$ per ETH.
Price doesn't care about the tech.

>>10874614
add this to your collection boyos
http://rippening.watch/

>>10874787
>a time it had been implied over 50% of bit coins transactions were for gambling purposes
yea but you're talking about 2010-2011 when every kind of adoption was important for btc.
nowadays btc is used to transfer wealth. eth only application are collectibles and ponzi schemes and every successful one manages to clog the network making it way more expensive to move eth than btc

>>10874829
>nowadays btc is used to transfer wealth

source on this?

>>10874851
well basically it's the main purpose of btc

>>10874916
so basically retarded mouthbreathing then. how many people do you think there are each day saying hey fren, i'm going to send you some wealth in imaginary internet money, vs fucking retards trying to get rich. i don't really give a shit if they're attempting to make it via imaginary meme lines or kitty ponzis, end of the day it's the same, albeit that eth actually facilitates this delusion on chain.

transaction volume is largely meaningless
eos probably have more transactions than all of them combined, and i say that as an eth maximalist
the real metric that matters is user involvement, but you can't derive that from observation of the hard data alone (the sybil problem, essentially)

>>10875221
the main difference is btc claims to do one thing and it does it pretty well (it can be improved tho). eth wants to be muh decentralized supercomputer and it fail at every attempt (for now).
what you are describing is speculation and you could have made the same arguments pretty much for every single asset in the world

eos just hit 3996 tps, nothing to see here

Fucking money skeleton and his marxist devs
This is all what prevents the flippening
They want eth to be worth $7 and used for kitties and rainbow unicorns

>>10875323
>money skeleton
kek

SUMMER OF PAIN

>>10874614
>http://www.flippening.watch/
How new are you OP?

>>10875280
look i know what you mean and don't entirely disagree, BTC already and for the most part has always does all it was ever supposed to do, but I don't agree that ETH being used for essentially the same purposes counts for much less merely because it was built with a wider scope. ETH has failed at muh decentralized supercomputer, BTC has failed at muh global currency, both have succeeded in retarded gambling.

>>10875360
imo neither one has failed.
both have a long way to go.
btc mostly needs adoption and acceptance (constantly rising).
eth needs dapp adoption and a lot of tech improvement.

>>10874614
And yet Bitcoin is 2.5x more secure because it has 2.5x more hashing power.
Really makes you think...

>>10875316
The EOS meme will die once Zilliqa/ETH sharding/other decentralized platform will achive the same TPS as EOS or slighly less/more while running 5000+ nodes in the network. Centralized coins (mostly Dpos) will simply lose their only attractive feature.

>>10875382
right, this

It's digital gold.

>>10874737
I'm buying more

>>10874757
*Tumbleweeds*