/biz/ - Business & Finance

You honestly probably should dump it. People look at ETH and think that the space is the same as it was from 2015 to 2017. ETH devs take forever to do anything, and the code is a fucking nightmare to try and upgrade without breaking anything. Meanwhile shit like TRX has already become the most popular platform for dapps, with someone actually making aggressive moves to market it. Stop holding based on promises and look at actual achievements and popularity.

>>14460781
https://youtu.be/j7MeJionPMA

>>14460781
don't dump it, just wrap it into PETH and collateralize it against DAI.

https://mkr.tools

>>14460781
>>14460921
https://notes.ethereum.org/c/Sk8Zs--CQ/https%3A%2F%2Fbenjaminion.xyz%2Fnewineth2%2F20190621.html

>>14460974
hell, im all in now

>>14460974
oh my god

this isn't what I asked for
why did you do this to me

>>14461139
>phase 0 specification is about to be frozen on June 30th.
nice

ETH will never have value like bitcoin
Dapp platforms come and go

>>14461958
but ETH didn't go anywhere yet

>>14461958
but wait a minute, it engendered the hottest smart contract token of the moment; LINK. so maybe you need to re-examine your ability to assess value in things?

>>14461982
ETH token has no value and dapps will migrate as it becomes more shit

>>14462075
>BTC has no value and people will migrate as it becomes slower

ETH is #2 forever deal with it

>>14460781
ETH will pump sooner or later. BTC remains virtually unchanged since its inception, but that hasn't made it any less relevant. It's still ranked #1 because of its first mover advantage.

>>14462153
I know what you mean by this, but it is not correct.

BTC has been "upgraded" several times, segwit most notably. Lightning network is also a thing, and heavily developed.

ETH is something else entirely, but its becoming so convoluted.

>>14462394
Segwit was a small incremental change in the grand scheme if things. BTC still suffers from the same problems that were predicted years ago like the high transaction fees and TPS backlogs. You would think this would make it unusable but it still continues to be #1.

>>14462038
point, set, match

Institutional investment. They won't buy shit coins.

>>14462394
>convoluted
says who

>>14461958
ETH has first mover advantage in terms of dapps smart contracts etc.

>>14462763
that is my impression from the discussion surrounding the impending upgrade and switch to POS, miners are not on-board (of course), and the methodology by which the switch to pos will be implemented is contentious

pos implementation is also contentious, because there are several different camps when it comes to how pos should be for ethereum

I think we are going to see a fork or two come out of this, and this time I don't think its going to be a shitfork, but rather represent a significant fraction of the development and mining community

>>14460781
At this point, your best bet is to hope that Ethereum can ride Link's coattails to relevance.

>>14462848
read this
>>14461139
if you don't see what a revolution ETH 2 is going to be after reading that, then god help you and remain poor

>>14460781
Sharding is going to be capable of at least 1B transactions daily.
Assuming $0.01 average fee after adoption picks up, that means $10M in fees daily.
Assuming 10M eth staked, that means one eth earns $365/year in fees alone.
Given crypto valuations, the likely price at this moment is >$10k.

You can change the variables here to be more optimistic or pessimistic. Personally I think even 10B transactions daily are possible with a bit higher fees. This can lead to seemingly insane valuations like $100k/eth, but they are insane only relatively to the current price, not for the platform the global economy relies on.

At some point the market is going to realize all this is happening. Maybe after the beacon chain is on, maybe after sharding is on, or maybe even later, when adoption on eth2.0 is increasing exponentially.
At that point, the price is going to explode rapidly. You can't expect to make a big profit investing with the herd. When something is obvious it's already priced fairly, or more likely in crypto, overpriced.
>>14462848
>pos implementation is also contentious, because there are several different camps when it comes to how pos should be for ethereum
PoS spec is done, the only discussion remaining is about sharding.

>>14462908
I think that's exactly what will happen. ETH will become industry standard because LINK is.

>>14462945
>remain poor
you're either stupid or poor yourself

>>14462848
>pos implementation is also contentious
I would really appreciate if you could point me to something where it's evident, the notes page posted above would imply everything is dandy at eth&co.
I don't think you're implying to the 8 different clients being developed, because that is a good thing.

>>14462945
I did read it, and it sounds like they are talking about technical upgrades. The most interest part was the execution environments and how they intend to monetize them. I am not a programmer or technician so I can't determine the validity of anything in this page, basically it says to me:
>we are working on all this stuff and getting it done slowly but surely, it remains to be seen if anyone else finds it valuable

Would you care to give me a basic rundown of why you think its going to be huge?

>>14463008
Thank you, this gives me a better picture and is the hopium I am looking for. Obviously I don't know the whole story and have been just trying to get a feel for what is going on through browsing through various eth communities.

>>14463102
No need to get hostile, like I said that was my impression. It could be wrong, since I am only scraping the surface of eth communities. I posted this thread so that people could correct my possible misunderstanding and I am getting good info so far.

>>14460781
vitalik is a hyperautist and one of the few people in crypto that arent doing technobabble keynotes

>>14462130
>BTC is slow
Newfag

What are all the miners going to do when eth flips to POS? How are they going to sustain mining with the looming promise to turn the money faucet off unless you happened to have been stacking instead of selling?

>>14463187
Lol

>>14463337
they will switch to mining 0xbitcoin which will become the only POW token with value on the Ethereum blockchain.

if you look beyond the FUD and check the Dev work around 0xbitcoin and lava relay you will se 0xbitcoin is much much much more than a meme.

if you're not stacking some 0xbtc then you deserve to be poor

>>14463447
demented

ETH is a mess
LINK is going to flip ETH this year

>>14463155
>Would you care to give me a basic rundown of why you think its going to be huge?
Fundamentally, all blockchains are about ordering. You want to see that X came before Y. Everything else is a protocol detail.
Currently, these details are hard backed into code. Possible things that can be done without changing that code - a hard fork or a soft fork - is limited.
On bitcoin, it's almost nothing, with practical use cases limited to multisig and payment channels (esoteric and too complex to actually use scripts notwithstanding).

On the current ethereum, you have turing complete smart contracts, which allow much, much more, but the base protocol is hardcoded too:
you have accounts with nonces that have balances
you have to use EVM
So while theoretically everything is possible, in practice implementing eg. zcash (full zk-snark based privacy/anonymity with a utxo system) is not possible, because implementing all that on top of the current system would be very expensive and unwieldy.
Some things like the equivalent of P2SH from bitcoin had to be implemented as a hardfork (CREATE2) - there's no way to emulate them, short of interpreting another language on top of evm, which would be ridiculously expensive.

Execution environments change that. Now the base protocol only cares about ordering, eth balances of validators and total eth balance of any particular shard.
Everything else is implemented as a special smart contract on the beacon chain (I'm sort of simplifying things here). It's going to be jitted ewasm which makes it almost as fast as native code.
This means if you want to change something in the base layer itself - how accounts behave, maybe the utxo model, or maybe something different, you can implement your own completely new blockchain inside ethereum. This makes literally everything else obsolete-you can even have a DPoS EE if you want.
One thing allowed by this is easy incorpotation of eth1 - you only have to implement the current evm logic as an EE.

>>14463473
they said the same about the stinkies

>>14463337
>What are all the miners going to do when eth flips to POS?
shut down their miners. There's nothing else that can absorb the amount of gpus mining ethash.
I think the current plan is to soft-fork eth1 after the beacon chain is live for some time to follow blocks finalized on the beacon chain.
After that happens, miners lose all power, block rewards can be reduced by 80% until full PoS - the state of eth1 is cloned onto a shard and restarted there while the PoW network dies.
Note that the soft-fork part isn't anything certain.

>>14463473
Low IQ Low information individual

>>14460974
jesus

>>14460781
I did and I have no regrets, you already know what I bought instead

Buy low sell high. Relative to 2017, we are very low with ETH.

>>14463570
thank you, that puts some things into perspective

>>14460781
ETH is coming back on BTC right now.

The last pump was to BTC, this pump will be to ETH. It's been a bit of a painful hold, but right now is the best time to be in it.

>>14460974
Why would he do this

>>14460781
ETH is going to go to 50k within 5 years, stable hold.

>>14463570
Redpill me on execution environments

>>14463570
>you can implement your own completely new blockchain inside ethereum

It just now sunk in what this means. Welp...guess I will hold my eth and continue to dca in.

>>14460781
Its the only thing thats useful
Utility approximates price
Over time

>>14460921
TRX faggot has done nothing but stayed with 2 cents for the past 2 years. Im looking to sell all of my shit trx the first chance i get... ETH has a future obviously. Trx is proving not so... just look at the past 2 years. Its a freaking big nothing burger...

>>14460781
ETH and LINK. Enough said if you want to retire in 3 to 4 years...

>>14460974
holy fuck, just market sold 1 million...