/biz/ - Business & Finance

I’m close to cutting my losses and just going all in BTC.

>>15496665
What does this thing do again?

>>15496665
I seriously don't know, ETH 2.0 phase 0 is being released early 2020 as well.

Does anyone have any logical explanation as to why ETH keeps dropping?

Is it just market dynamics?

>>15496712
It’s a /pol/ campaign to FUD eth due to one of the developers expressing an interest in promoting a healthy, inclusive atmosphere. Can’t have anyone but white males in tech, amirite?

>>15496705
It'a a groundbreaking new network paradigm that aggregates the computing power of tens of thousands of nodes, located all around the world and somehow ends up with the computing power of a coffeemaker.

>>15496712
wow that late? check out cardano

>>15496743

>>15496665
It's a shitty copy of Bitcoin's code, modified by some autistic furry loser. Why the fuck would anyone buy that? Just buy Bitcoin and hold it, stop getting sidetracked by these dumb projects.

>>15496665
The main reason it went up so much in 2017 was ICOs. You had to have ETH to participate in them, but those are mostly a thing of the past. Furthermore, companies who received a ton of ETH during their ICOs have to sell to pay their expenses. That's a lot of downward pressure.

Do you see?

>>15496757
Is he wrong? He could easily argue that.

>>15496743
is this some psy-op to make people dump more?

>>15496848
>implying a child doesn't first have to be victimized before that child porn can exist.
It's wrong af.

>>15496848
It proves hes a half wit
How was the child porn created you fuckin commie spud

>>15496712
Zilliqa is years ahead of this shitcoin. Not to mention it also has better adoption already.

pumped by ICOs in the first place, and they're still putting constant selling pressure

>>15496665
https://www.youtube.com/watch?v=kUheuFDHSvI
here's your answer anon

>>15496675

we're just waiting on you to capitulate so we can start the bull run.

>>15496848
I could also easily argue that you're a faggot though your last blowjob was 4 years ago when you were drunk

>>15496885
Exavhey will forever. Icos both propped up and killed eth in terms of price

>>15496712
you are an idiot good new don't push nothing up in this gambling market. BTC should be at 50k but guess what its at 10k and we may visit 4k again if we get into a recession soon.

>>15496909
you legit sound like an idiot

>>15496803
but seriously, when sharding is released we will all have lambos right?

>>15496776
>based turboaustim

>>15496867
>>15496874
He's not advocating for buying CP

>>15496787
Called overspeculation like a mentally stable boss instead of 98% of the /biz/tards calling for 'moon', 'hodl' and 'lamboland'.

>>15497154
Posession means you either bought it, stole it or made it yourself. In any of these cases a child had to become victim. And you're directly responsible for that.

>>15496765
>"i dont know what proof of work is" the post

>>15496712
its been getting delayed since 2017. i wonder why people dont trust skelly anymore

>>15497205
The child had to have become a victim for the footage to exist, but a person that downloads it without paying anyone is in no way encouraging that behavior.
For example, I'm not culpable for murdering Brazilians just because I watch webms of them getting murdered in favelas.

Smart money moved out of ETH and moved to the successor

>>15496803
Wtf do people mean by "community"? This is a market and finance. Its cut throat, there is no "community" in business. Fucking faggot

>>15497154

Agreed and yet, were he, first amendment should fully apply.
Funny it takes a foreign to point it out to nowadays burggerry.
Also, why allow the SAME powers that be one distrusts with their money to safeguard one's most loved?
CP is the ONLY thing other than armies people are fine with the state having a monopoly of.
That's why both wars and MASSIVE children exploitation will remain, so to speak, untouched.
But hey, at least some turboonionboy ain't beating off to a nuke footage.

>>15497271
Commie talk

>>15496665
> Unknown inflation model. Has been changed, can be changed at any time

> POS has tanked the price of every coin

> Risky Tech upgrade

> Hyprid POS/POW model will be contentious involving higher inflation to satisfy both parties

> No more scam ICOs to support price, enter scam DeFi meme with 20% interest rates and risk of liquidation when ETH tanks again

> Risk of ICO scam dumps and 72 Million premined ETH dumps

> Price has been tanking for over 2 years now. $390 in June when BTC was $2,400 at .15 BTC ratio


This is how much you can trust ETH monetary policy. Vitalik also claimed it would take a century for ETH supply to hit 100 Million:

> approx ETH supply 95,912,556 time 2018-11-03

> approx ETH supply 98,562,556 time 2025-10-02

> approx ETH supply 101,212,556 time 2128-03-20

https://www.reddit.com/r/ethereum/comments/5izcf5/lets_talk_about_the_projected_coin_supply_over/dbc66rd/

There has been a 30% increase in supply in 3 fucking years!

>>15497231
Nah I don't buy that. You are contributing, aslong as there's an audience and people show attention someone will try to cash in on that. Just the same that people might be interested in watching monkeys die. And then people start making content for those people who want to watch that. So no, your view is very black and white and things aren't as easy as that, they are much more complex. Imho, I think it's very weird we're even dicussing this. Some people are sick in their heads and no amount of backwards arguments will convince me otherwise.

>>15497317
I want to kill paedos because they are abominable disgusting creatures who have no compassion and are just wired up wrong. They are not supposed to exist. I don't need stupid and easily disprovable justifications for hating them. The people who try to find rational explanations for every belief they hold are extremely dangerous, because once you show them that their little logical explanation for something can be disproven, they will start believing that there is nothing wrong with watching CP, killing fetuses and so on.

>>15497317
P.S. You have the right idea, but you need to stop trying to justify it. Some things just are a certain way and that's it. Pedophilia is, actually, very black and white. It's just wrong and deserves capital punishment.

>>15497317
It's an "uuhhh technically...." argument. IIRC He elaborates further that it's about your personal privacy and treating your device as an extension of your brain but he started from the most indefensible argument and it's a bad example. It's virtually useless, it only speaks to autistic aspies who care about highly abstract, pure technicalities but you can't sell that shit to the masses unpacked unless you're a military grade retard who doesn't care about PR. Basically how to be bad at optics while trying to present sensible argument 101. Typical autist, lol.

>>15496665
Because its a slow platform for simple smart contracts only, ex. dAPPS which no one uses.
It cant scale so it isnt suitable for enterprise needs even if they wanted to develope a killer app on eth.

vitaliks is abandoning this bitch.

>>15497539
Unironically this.
Enterprises aka moneybags won’t use ETH in a current state.
On top of that it’s possible that classic companies won’t touch completely decentralized network like ETH in the first place, cause it goes against their operation principles.
All the disruptive startups who are not afraid to do something new and were supposed to establish new type of onchain business failed miserably.
Alts are dying because there is little hope in price unstressed based on real value and bitcorn is the only thing that matters atm.

>>15496877
better adoption than eth?

are you fucking shitting me /biz/

>>15497731
You took the b8 m8. I don't really follow ETH and their "community" and the fud surrounding it seems somewhat legit. ETH has a first mover advantage but why would any serious business throw money to a ETH atm? I pretty much agree with >>15497661. I don't know about the tech as I'm not very interested in it. From a finance standpoint it looks like they're about to shit the bed. Also why would anyone buy above $100 when even Vitalik says that it's way overpriced?

>>15496665
It won't keep going down for long... This is the bottom in case you haven't noticed yet.

>>15497855
>why would anyone buy above $100 when even Vitalik says that it's way overpriced
I don't think he's said anything about it being overpriced for a long time now. Pretty sure he's changed his mind on that now.
>>15497539
>It cant scale
It can't scale at the moment, but if ETH 2.0 works out then that problem is gone.

>>15496675
that's the plan

god I hope all of you sell the bottom

>>15496665
Because it was $1 a few years ago. Buy ONE. Wait 1-2 years.

>>15496837
This.

>>15496712
ETH 2.0 phase 0 accomplishes nothing.
>ETH is a pathetic mess until ETH 2.0 is completed
and that's if what they say is going to be achieved is achieved... but for that you will have to wait
>ETH 2.0 completion is 3 YEARS AWAY
game fucking over

>>15496743
>just wanted an excuse to post this

Thanks

>>15497880
>It can't scale at the moment, but if ETH 2.0 works out then that problem is gone.
>ETH 2.0 is YEARS AWAY
YEARS
E
A
R
S

>>15496665

ICO scams unraveling/failing.

>>15496665
Because NOBODY needs Ether when Bitcoin is around.

Alts BTFO

>>15498066
How long do you have to wait for your 0.1$ fee
ether transaction to go through though?
And buttcoin?

>>15496665
b/c Zoomers don't have any money & this is peak Zoomer coin aka its shit

>>15498212
sending eth back and forth is not the problem anon... that's not the use case that makes eth worth anything more than any shitcoin in existence. I can send litecoin or verge or coin X, Y or Z, or tether if all I want is a means of value exchange. also litecoin is faster last I did an exchange transfer of value. i think these days USDC is better than both for sending value from coinbase to an exchange.

>>15496787
this makes me respect him more.. he's grounded and practical

>>15497362
you wouldn't kill shit you pussy
t. hebephilic masterrace

I had 5 ETH. Traded them all for ADA.
Feeling comfy

Ethereum is outdated.

>>15499275
How does it feel to be mentally ill?

>>15496665
>>15499246

lets think outside the box for a minute. as more exchanges pop up , and more retailers accept crypto, and bakkt coming soon, people will have more exposure to the "big coins" , at least eth and ltc. will normies look at ltc and think, "oh wow look! its like btc but only 60 dollars! wtf im buying this now!"

>>15496665
There is saying that a lion will always take a step back before it pounces on its prey, so coins are like that as well, they are down so that they can go more higher than we expected so just be patient and try to invest more if you can in coins like TELEX,Telecoin they wont disappoint you as much as this stuff.

>>15496665
ETH 2.0 is coming soon

ETH will be able to scale

THEN WE GO TO THA MOON

>>15496675
Literally buying high selling low what a fucking retard

>>15496712
btc dom

>>15496665
Smart contracts have gained zero adoption since 2017. When is the last time you used a smart contract anon? Never? Me either. It was all just a bubble.

>>15496665
so you can accumulate

>>15499442
>ETH 2.0 is coming soon
fool

>>15499482
>When is the last time you used a smart contract anon? Never? Me either.
The word you're looking for was neither. And it's your fault for not using smart contracts.

during 2018 I managed to over 20x my eth stack on biz ponzi games
2019 used uniswap, kyber, and makerdao for trades and conservative gains. Technically shitcoins are smart contracts so made out of chainlink like a bandit too

>>15499302
comfy huh? seeing pic related I wouldn't be

>>15499442
ETH2 phase 0 achieves nothing for users/adoption, sit the fuck down
nobody knows when the rest will roll out. The success of phase 0 will answer that. ETH2 contract sells out? Money will flow, and it'll be sooner than later. I got a feeling it will, when you're down 90% why not throw all of your ETH into ETH2.

>>15496665
I will NOT sell my ether.

>>15497877
ABSOLUTELY CHECKED

>>15496765
KEK!!

>>15499442
soon is a stretch
q4 2021/ q1 2022 is eons in crypto

all blockchain/smartcontracts are being developed on eth or hyperledger, if you think this tech is the future buy eth or some ibm

>>15499744
Do we have any clue if we're going to get a unidirectional contract or not?

>>15499937
>unidirectional contract or not?
whatchu mean? If you can turn your ETH into ETH2 and then ETH again? from my understanding it's impossible in the immediate future. The point is for people to commit into running ETH2 nodes, so there's at least a certain minimum amount of staked ETH to ensure security of the network. Letting people turn ETH2 back into ETH is counter productive to that goal. That's what I meant, if the ETH2 contract goes absolutely full, there's going to be more pressure on development.

>>15499986
https://docs.ethhub.io/ethereum-roadmap/ethereum-2.0/eth-1.0-to-2.0-migration/

Yes that's what I meant, but nevermind.
It seems like they want a one-way bridge but the "community" is thinking about hedging. Two-way would be a half-assed attempt.

>>15496765
Because they must all work on the same problem at once.

>>15499482
Everyone here uses them all the time. executing trades through IDEX for example. every single trade, deposit, and withdraw on every DEX uses a smart contract.

Excuse my tiny bitch brain but does ethereum 2.0 mean there's gonna be a new token and the old one becomes obsolete?

>>15500116
As a start, yes, but, quoting >>15500032

The current proposal is that in phase 2, the state of the current Eth 1.0 chain will be transferred into a shard on the Eth 2.0 chain. At this point, all information from the Eth 1.0 chain will be available on the Eth 2.0 chain.

So all the ETH still left in ETH1 from people who didn't throw their eth into ETH2, will be added into ETH2. At least that's what I understand.

>>15496675
thinly veiled BTC maximalist poster

>>15497205
>Posession means you either bought it, stole it or made it yourself.
Or just downloaded it?

>>15498029
At this point it's as academic and theoretical as shit like cardano has been since it was announced.
This: >>15499893, and that's inexcusable in crypto when people can people can easily expect BTC to continue to dominate alt-ratios for quite some yet. It's funny how ethies joined many other alties in talking like king bitcoin is in an existential crisis, yet there is no crypto project that that phrasing describes better than ethereum. Despite ethies wanting to paint the whole roll-out process of 2.0 as being certain, it's anything but from the perspective of non bag holding reddit-hypers and institutional investors.

>>15500457
>it's as academic and theoretical as shit like cardano has been since it was announced
you're delusional. eth has no direction. cardano at least figures out where they were headed and are slowly building towards that goal. how many times has eth abandoned what they were working towards and completely changed directions and presumed destinations? more than three i'd wager. and here we are with Cardano going to launch proof of stake this year and smart contracts Q1 and sharding thereafter. ETH will accomplish this years from now. whata fucking joke. vitalik and friend's havenern so fucking overconfident and underqualified that they've fucked us.

>>15498066

fud:
>2017 eth 2 is years away
>2018 eth 2 is years away
>2019 eth 2 is years away

y'all motherfuckers gonna miss out it's NOT years away phase 0 is in 5 months now

>>15500657
>y'all motherfuckers gonna miss out it's NOT years away phase 0 is in 5 months now
ETH 2.0 is a meme that they can't achieve. Vitalik is walking away.

Eth 2.0 is here. We have Harmony now.

>>15500676
>Harmony
>currently a BNB token (LMAO)

>>15500733
>>currently a BNB token (LMAO)
Currently testing mainnet with thousands of users... seeeeeeethe

>>15500761
>testing mainnet
shills can't even get the terminology right
enjoy those empty blocks once the mainnet finally drops, the cheap smart contracts niche is already filled by tron and eos.

Fud in mainland China spreads like fires. The fud has allowed the price to be driven down . Just read this thread. But because most of the fud isn’t real, it’s oversold. Lots of btc holders feel burned . We’re going to test 360 again by January

>>15500783
negro.. you actually do test mainnet during a realease. I do this shit and I can assure you this is common language. Now go babysit those heavy ass eth bags you cucked fucker

please number go up

>>15500786
Any evidence it's the chinks selling?

>>15500796
You test the testnet you absolute street shitter. The mainnet, short for, MAIN NETWORK, is the main network, the final instance of the software in the wild. The testnet, short for TEST NETWORK, is the network meant for testing, don't (You) me back you filthy animal.

>>15500837
Most of (almost all) the volume originates from Chinese exchanges. In particular if you look at the trends people are capitulating out of alts. Alts are getting crushed . Look see how many even in this thread are ready to sell all their ETH for bitcoin. The thing is once this flips the other way and people start to trade bitcoin for ether because of say, staking, the fomo will drive us to 2017 heights .

>>15500902
I haven't had many opportunities but counter trading the chinks always made me money, I'm not convinced by fake volume on shitty exchanges.
The trend is clear people are capitulating, but they could always be capitulating even more. Timing the bottom is hard. I'm thinking getting more ETH bags in hopes of profit is just the greed speaking.

>>15501086
Agreed catching the bottom is worst trading strategy every practiced . If I wasn’t already all in I would be waiting for trend reversal

>>15499744
*ETH2 phase 0 achieves nothing for users/adoption, sit the fuck down
nobody knows when the rest will roll out.
Is phase 0 the same thing as proof of stake intro or no? Devcon 5?

>>15501119
Yes but idk if it'll launch at Osaka. I think they planned there or Jan 3rd 2020

>>15501184
They are launching the deposit contract in Osaka and creating the first interop client . But the new chain doesn’t begin until 200 validators are online

>>15496665
there are no new buyers yet

>>15496665
>>15496712
UNLIMITED SUPPLY.
I thought you nutsacks already learned your lesson with the Dollar. Inflation sucks, look into why BTC was created. See pic

>>15501221
Btc is at 3.8 inflation you mongol ETH is 4.5 a difference of 1%

Better question why do people who think they are qualified to comment on something yet know nothing about what they are speaking continue to open their fat ass mouths and create straight lies for the purpose of deceiving others? What’s the gain? Or are they scared of what might happen. Are they fearful of what they don’t understand?

>>15501196
>But the new chain doesn’t begin until 200 validators are online
Maybe im naive but i think 200 validators should be pretty easily attainable.

>>15501184
>Jan 3rd 2020
Saw that too, 10 year anniversary of BTC

>>15501300
>10 year anniversary of BTC
that was this year friend, next one's is 11th

>>15496757
He meant just having pictures of child porn is less harmful than posession of heroin. You can die from the heroin. Just having child porn cant make you od. Hes still retarded when it comes to social issues.

>>15501249

>>15496837
Thats why non ico projects should flourish. Most of them are scams. The whales and teams held most of the supplies and dumped. They need to be destroyed if they arent building what they promised to build.

>>15500657
phase 0 DOES NOT = ETH 2.0... you stupid mongloidian dumbfuck.

>>15501227
Btc has an end in sight, unlike your intellect.

>>15501458
his intellect is infinite?
bullish