/biz/ - Business & Finance

what this market has taught me is anything can happen and dreams really do come true but you have to chase your dream

No.

>>15236020

This did not “almost happen” in 2017. Bitcoin was on its way down and for whatever reason Ethereum was still going up at the same time. At the closest point Bitcoin still had over $100 billion more market cap than Ethereum. That’s not almost, Ethtrader.

>>15236020
no.

>>15236180
At one point BTC dominance was 39% and ETH was 31%. That was pretty close.

"First move advantage" and "store of value" are memes.

If BTC can't scale I can't see why other coin would not take its place as number one.

Rofl absolutely not

mETH kills

>>15236237

That doesn’t tell me anything. Market cap or GTFO.

>>15236020

ETH 3.0 is where its really at

never trust mETH holders

>>15236020
Yes.

>>15236020
yes

mETH will never respect deadlines, mETH2.0 phase one is not a scalability improvements
mETH hasgrate is dropping like a rock

>>15236121
>>15236180
>>15236191
>>15236274
>>15236280
>>15236285
>>15236287
>>15236321
>>15236354
>t. maxi
cope

>>15236398
POS stcking will ve very centralized no regular user will host stacking node, cause in case of no uptime you can loose up to 60% of your stake if electricity or internet goes down

>>15236020
yea, keep dreaming ICO 2.0.

>>15236020
Don't you hate it when a website has an annoying bug? Well, imagine if before the developers could fix it they had to ask all their investors to have a say in the bug fix. Regardless of the severity.

Smart contracts don't scale for 99.9999999% of applications people talk about and they've been falling for the meme because the price has been going up.

Not to mention ETH devs have extremely high turnover and many of the ones left spend their time doing acid at degenerate events because they're in their 20s with fuck you money.

>>15236020
If btc gets flipped crypto is unironically over, so no. Eth will bleed.

>>15236466
eth downfall was unirocally eth devs getting rich too quick.
also vitalik is a cult leader at this point

>>15236466
cope

>>15236504
quantity of developers doesn't mean shit if they are all script kiddies.
what matters is quality, cryptographers is the rarest workers breed there are probably less then 100 competent cryptographer in crypto 90% of them work on bitcoin

>>15236020
it's not about scaling you dumbfucks. Its supply and demand that drive price. ETH has 5 times the supply and will need 5 times the demand. Utility isn't good for price it increases token velocity. BTC's price goes up because of holders and game theory from the miners. Increase holder % and decrease supply and price goes up. ETH might be a better money but Money usually doesn't increase in value until it's rare. Most ETH users don't hold ETH, they spend it out ICO's, gambling dapps, gas on DEX, Egames, Ecollectibles, and deflationary smart contracts. By spending ETH we put it back on the market and prevent price increases.

Buy Shock @ ddex.io/trade/SHOCK-WETH

>>15236398
>ETH at a 1 year ATL in sats
You're the only one that's coping faggot

>>15236487
> this retard actually believes bitcoin is god of crypto forever
Don’t be this guy ever

>>15236285
Are you retarded?

>>15236543
Pardon me, 2* YEAR ALL TIME LOW IN SATS
GET FUCKED NIGGER

>>15236526
>>15236543
>>15236503
at what point do these fags fomo? Im thinking 1k

>>15236545
you should study some austrian economics.

bitcoin is creating a monetary premium thanks to predictable monetary polices its deflationary nature and its commodity based extraction.
a good money must be hard and predictable.
eth doesn't have any of the qualities i have explained above.
read some mises or rothbard.
a good introduction can be the bitcoin standard by saifedean ammous

>>15236583
ICOmania is over retard.

>>15236583
i will buy eth between 12 and 7 sats then dump it on plebs, i don't fomo i buy basedboys blood and then dump on retards to get more btc

>>15236593
>>15236601
>>15236604
just want to remind you that when you buy in you are buying my bags. see you at the top

>>15236604
also want to take a minute to laugh at this guy who thinks eth will hit 7 sats

>>15236265
Because the coin should satisfy other properties
Look at ETH, they are more communists than Tito

>>15236020
no.

>>15236593
>>15236604
absolutely based and redpilled

>>15236265
Everything mETH heads believe in is soft brained silicon valley sÓyum speculation powered by fallacies and hype. The original mETH speculators misunderstood everything about bitcoin and what blockchain tech was actually good for. Vitalik was politely shooed away from the bitcoin codebase back in the day for having terrible ideas. Muh world computer, muh decentralize everything, muh dAPPs, muh ICO financing platform, it's just one failed narrative after another. Bitcoin / cryptocurrency is first and foremost an economic innovation, the tech is just an incidental means to an end to bestowing certain economic properties. Bitcoin is simple, it has economics and game theory backing it up, the reasons it has remained number one only grow more stronger by the day. Ethereum is a complicated mess of narratives without having gained any real use case (that has actual market demand) over any other shitcoin, and now it has to completely change the nature of its network without having negative unintended/unforeseen consequences to the economics and game theory propping up its price. Something ethereum developers are notably ignorant of relative to bitcoin developers, quite the worrisome blindspot. Pic related is but one example of the ignorance of your average mETH developer.

It's hilarious you think the general public or institutional investors want to hold this shitcoin that has no discernible or reliable monetary policy, when in fact few outside of the reddit cult care about its buzzword based promises and ever-changing hype narratives. So many heavy bag holders, yet it's still basically just an experiment. Lefty squishy brains will continue to be gaslight by the chart probably throughout most of 2020, it's the price of your economic ignorance.

Yes it will

Because it's way more than juste a currency and the community is too big too fall

https://bitinfocharts.com/comparison/transactions-btc-eth.html

>>15237012

So much eth FUD lately all based on the same 2016 arguements that have already been proven wrong.

To any newfag, ETH is your only chance to make it. Acquire 210 before year end and then sell at $5,000 or when the BTC ratio hits 0.1, whatever comes first. Just listen to me and you will be a millionaire by December 2021

>>15237908

Nice chart anon

>>15237012
There are pure cryptocurrencies much better than Bitcoin like NANO.

BTC doesn't offer anything than "muh first cryptocurrency".

Eth is to bitcoin what silver is to gold. Eth has better fundamentals but bitcoin is a better decentralized store of value.

>>15236020
Yes.
PoS appeals to Buffet-style investors, people that only buy income-generating assets.
It doesn't matter in the slightest what existing people in crypto think about ethereum once people like that get wind of something that's an actual share in the smart contract economy. Buffet types control orders of magnitude more money than people that ever could become interested in the "digital gold" meme coin.

>>15236526
>less then 100 competent cryptographer in crypto 90% of them work on bitcoin
LMAO you couldn't be more wrong. Dominance of ethereum among cryptographers is absolute.
What "cryptography" can they even do on bitcoin? Schnorr signature aggregation is literally from 80s, the only reason it wasn't used is because of patents.

Verifiable computation with sublinear verification cost is the biggest practical revolution in crypto since asymmetric signatures, and one most applicable to blockchains, and it's all happening mostly (zk-snarks) and exclusively (starks) on ethereum.

Everyone doing anything with zk-snarks, except for the zcash team itself, is doing it on ethereum, because it's literally the only option. Newly arriving circuit compilers (like zokrates https://zokrates.github.io/)) even automatically generate an ethereum verification contract. These tools are going to be used by other developers to create zk-snark based dapps, like https://tornado.cash/ . That's what absolute dominance looks like, the entire new field is being created with the default assumption you're going to use it on ethereum.

Starks, the only solution in existence with sublinear verification for arbitrary circuits without trusted setup (ie. zk-snarks) is 100% ethereum at this point.
https://starkware.co/
They even have Vitalik on their main page. Starks are literally the only solution in existence that allows fully trustless - no trusted setup - sidechains with unlimited scalability, including layer 2 dexes.

https://www.starkdex.io/
https://medium.com/@StarkWare

>>15239315
based and eth pilled

>>15238949
>income-generating assets
Isn't this the point of investing? To get passive income?

>>15239586
well yeah but tell that to everyone buying bitcoin

>>15239592
Most are buying bitcoin in the hopes that it goes up in value over time.

>>15239624
That's not passive income. Bitcoin doesn't and is never going to generate any.