/biz/ - Business & Finance

>a
>b
>c

Which is most advantageous to mooning?

I’m sitting on 106 Eth

>>10900995

a and b sir. they reduce inflation thus supply goes down, price goes up.

150 eth here.

25 eth here
Am I going to make it

ICOs are still dumping on your asses. Enjoy

What does EIP stand for?

>>10901015
>25 eth here

Yes Sir. You may way to to increase that to 32 ETH before PoS.

Not familiar with the details, what is the difficulty bomb?

>>10901040
Increase in block difficulty as time goes. It's mostly a social mechanism. The goal is to ensure miners don't stonewall the change to PoS once PoS is ready, as well as for the developers to signal their commitment to working on a PoS transition.

>>10901035
why 32?

I have 10k ready to throw at this

Is it going to be effective immediately or is this not happening until Casper?

>>10901177
Constantinople this October

>>10901072

Smallest amount for staking when PoS arrives

>>10901177

Late October/early November when the hard fork is implemented

>>10901062

But how delaying it will make the price go up?

>>10901197
How can I benefit from PoS with 32*x ETH where x>1?

>>10901261
you stake your coins and receive the transaction fees when your stake is selected to build a block, the chance of which scales linearly with your stake

Usually prices start moving in advance of big announcements. Why is ETH still hovering around 278?

>>10901314
Because it’s not some insider announcement thing literally no one knows what’s going to happen. What if they reduce the issuance and the market does absolutely nothing. Either way it’s going to be an economic experiment of quite some importance in the blockchain industry.

>>10900962
If it's bound to moon then why is everyone shorting it on bitmex?

>>10901351
>bitmex

2 it is.

>>10901351
these coward don't even smoke tech

aaaand moon

>>10901535
I wouldn't expect moon, that's the expected decision.
1 eth would be moon, 3 eth would be drop, 5 eth would be a catastrophe

where’s my fucking moon

fucking pussies cant even make a decision

THE ABSOLUTE STATE OF ETH LMAO

>>10900962
Why do Ethereum faggots call EOS centralized because of its governance model when they have their own governance model, except instead of having elected delegates making decisions, it's self-appointed whales and developers? How are these things not algorithmically determined? What a shit show.

>>10901552
So that's it? Nothing? Fucking disappointing desu desu

Oh no no no

>>10901629
it has long term effect. It cut $670M (@270/ETH) of issuance over a year. That's going to add up eventually. To a rise or smaller fall lol

>>10901629

Wait for fomo when the EIP is finalized. Plus China is asleep.

So what was the decision?

>>10901758
moon

>>10901758
Reposting my 5 year inflation calculation with issuance reduction to 2 ETH / block:

Let's say we change to 2 eth per block on October 30th (just before DevCon 4), when there should be roughly 102,500,000 ETH in existence at current mining rate. After that the issuance will be 2 ETH per 5760 blocks mined per day = 2 * 5760 * 365 = 4,204,800 ETH per year. Additionally there will be 613,901 ETH per year created in uncle rewards.

>October 30th 2018 = 102,500,000 ETH
>October 30th 2019 = 107,318,701 ETH
>October 30th 2020 = 112,137,402 ETH
>The switch to PoS should happen in 2019 but even accounting for delays it should definitely happen by October 2020. The current best guess is 500k of ETH issued per year after PoS

>October 30th 2021 = 112,637,402 ETH
>October 30th 2022 = 113,137,402 ETH
>October 30th 2023 = 113,637,402 ETH
>So in total over the next 5 years that would make for average ETH inflation of 2.084% per year.

Now compare that to bitcoin, with supply increasing from 17,348,400 on October 30th 2018 to estimated 19,750,000 on October 30th 2023 for an average BTC inflation of 2.627% per year over the next 5 years.

>>10901758
2eth
https://www.reddit.com/r/ethereum/comments/9bua1y/eth_block_reward_reduction_to_2_ethblock/

>>10901763
so EIP-858?

>>10901786

that binance dump holy shit

>>10901818
>eth vol.9267
hmmm

>>10901861
looks like someone market bought it all on eth/usdt then dumped on eth/btc... why?

>>10901888
some retarded whale's bot

>>10901661
Guess we'll have to wait for constantinople now and hope it won't be a shitshow

So in October ETH will probably go up because of less inflation and less miners dumping, correct?

>>10901908
same thing happened with xrp. shenanigans going on for a big move

>>10901028
Ethereum Improvement Proposal

>>10901018
Basically this until scaling and several dapps (that people actually use) are running eth is done

>>10902403
>until scaling and several dapps (that people actually use) are running eth is just getting started
Fixed that for you.

>>10900962
>Istanbul and Constantinople

>>10901781
Nah 2 ETH is only going to be the case till the second hard fork at the end of 2019.
Realistically we will have a reduction to 1ETH, optimistically PoS

7 eth shrimp here, does this mean anything for me?

It’s pumping

does this mean price increase?

>>10903517
yes. Less mining rewards mean less inflation and dumping.

>>10901277
> the chance of which scales linearly with your stake
read da wypipo nigga

>>10903653
Shit. I sold at 276 I’m screwed??

>>10903694
yes

What does this mean?

>>10903691
I did. That's what it says.

Price has been the same for nearly 7hrs lol

>>10903725
The absolute state of crypto "investors".
No wonder this normie memecoin is dumping in sats.

>>10903843

FUCK YOU FAGGOT, I JUST TRADE.

>>10903860
At least fucking read the thread. We're not your spoonfeeding brigade.

If I sold at 276 am i fucked ?

>>10903694
>>10904021
Selling the bottom. True /biz/ approved style.

>>10903694
bad timing, I'm sorry. did you sell your whole stack? if you need (((fiat))) it's best to only sell part at a time.

>>10903821
Non linear increase bro.
At least thats what Vitalik intends. For example for 100 ETH you get 4% p.a for 300 ETH say 2%.
You can just set up multiple smaller pools ofc, but money sjkelly is surely busy thinking about neutering that as well.

>>10901197
Staking reward is like 5%. Hardly exciting at 32 eth and any usd gains can be eradicated by price drops.

>>10901622
Network Effect, it came first and more people use it. So word of mouth makes more people use it. The more people that use it, the more valuable it is, the more valuable the more they have a vested interest in it's survival and the less they will care about competition.

>>10904625
Huh, do you have a citation for that? I'd like to see him try, but I don't think it can work to have less than linear scaling. It would just inflate the number of validators.
>>10904708
If you're not doing anything else with that ETH anyway, it's free money. And a safe, risk-free 5% (assuming the software has no bugs that you'd get punished for misvalidating) is pretty nice.

>>10900962
just got here. what was the decision?

>>10904625
you're wrong, in the current version everyone gets the same rate.

>>10904889
ctrl-f is a thing

>>10900962
Okay that.
Did you watch it, what now? Bear or bull? I'm sitting on ETH and dunno if I should tether up or no

>>10904708
Links or fuck off faggot

>>10901781

no one cares about 5 years in crypto you utter retard.

>>10904827
It's from reading money skeletons' blogs.
That guy answers simple question by 45 minute spergout, hard to cite him really.
Though I might be not up to the latest entries like >>10904935 claims

>>10900962
>check blockfolio
>all my alts and btc up vs eth

So is this a bunch of cope to deal with the fact that EOS is full bull run right now?

eth will never be 277 again huh? wtf why does this always happen

Mooooon

>>10906682
Yeah right

It's literally dumping right now. Virtually every other coin is beating ETH, especially platform competitors like EOS. This shit is going to fucking zero and no block reward reduction can change that.

Can't scale, super overinflated, actual dick-stroking pedophile methhead as its "face" of development, etc. It's done.

you won't see a pump for a 2 eth per block reward, you would have seen for for 1 eth, but 2 eth is the bare minimum they could have done, and is a negative outcome for all parties.

>>10900962
LOL LITERALLY TANKING

>>10906742
lower inflation then btc
ASICs forked off

Win-Win cunt

>>10907029
Yeah real "win win." Meanwhile it's dumping in sats and getting its ass kicked by almost every other coin.

>>10907433

Op here, wow thread still alive. Actually Sirs, we remained stable in sats and increased slightly since the decision. But if we fall below 0.04 I will probably panic sell ETH and buy back at $165

>>10901028

Extremely Irrelevant Posting. Like newfags that need to lurk moar and read about what the fuck they're buying.

>>10907433

Sell the news.

Please pump I swear I will sell and never touch this shit again

>>10901261
run multiple validators