/biz/ - Business & Finance

>>16327577
Anyone with technical knowledge knows ETH 2.0 is a trainwreck. I feel dumb money are being left in the dark, and will soon get rekt for blindly follow something they don't understand. Just basic market efficiency, frens.

PIECE

>>16327577
Ethereum will be #1

>>16327590
I'm a senior developer, since you claim to have technical knowledge can you explain why is it a trainwreck? Don't forget to go into the details

>>16327851
step aside, tech lead here

>>16327577
go on mate

>>16327880
Living in your grandma's basement and having launched a terminal once by mistake doesn't make you a tech lead.
Is anyone here able to explain properly why don't you consider ETH tech good?
Having read a 4chan meme about it don't make you guys smart, quite the opposite actually

>>16327948
> having tons of SC that depend of another SC badly written.
What's can go wrong?

>>16328001
Are you referring to any smart contract in particular or your point is that since people can create bad smart contracts smart contracts shouldn't exist at all?

>>16327851
I heard that if you run your 32 ETH staking node and internet goes down or ssd gets fucked you lose your money. Is this true?

Shut up, I'm a mechanic
and eth 2 is ok

>>16328092
In those cases you'd lose your money slowly over time up to 16 ETH, that said to get to lose that amount the whole network should be under attack and you should never go back online for days at the same time.

>>16328093
If this was true you'd still be more qualified than most people on biz

>>16328069
> Imagine some vital services running on Ethereum and suddenly some kiddo (or country) triggering a kill switch that freeze all SC by targeting a LIB or an API.

DAO shouldn't exist at all.

>>16327577
Somebody didn't buy ETH at $1.

If you are holding ETH you're as bad at BTC $20K buyers.

sell. buy Kleros.

>>16328165
>>16328069
>>16327948
>>16327851

Dude just stop. I have been watching these BTC maxies and brainlets who think there is an ETH killer on the horizon for the past year. I really want all of them to get financially ruined. When the flippening comes I want to see this board filled with pink wojacks. Don't encourage them to buy ETH, you know the only project besides maybe LINK that any real business gives a shit about.

>>16327577
imagine being jealous of defi

>>16328208
A kill switch for all the smart contracts at the same time is an unrealistic fantasy, it's like saying that you can find a bug in the internet and block it... the concept itself doesn't make any sense, the internet is not a single entity, it doesn't work like that at all.

Why shouldn't DAOs exist?
Is your point that since programs can be badly written they shouldn't exist?

>>16328232
I don't want to encourage them to buy, most of them are either BTC maxis or scammers.
The problem is that they share bullshit with no basis at all and innocent people believe them

>>16328286
it's already happen in the past by some kiddo that exactly triggered a kill switch in some SC that others used too.

Imagine an idiot generate some virus that work with SC... a fucking unstoppable skynet shit.

>>16328232
seething bagholder

The DeFi bubble is going to dwarf the ICO bubble. Get in now or stay poor.

And yes, LINK is a huge part of DeFi.

>>16328394
defi is coin agnostic based retard

>>16328092
you lose close to nothing unless your node goes down at the same time as a large portion of the network

>>16327577
I'm more bullish than ever. I can feel it. 450$ this christmas.

>>16328328
what the actual fuck from all eth retarded fud around here "virus that work with sc" is best one yet lol
Most of you have no fucking idea how anything code related works nevermid smart contracts...

>>16328303
You cant stop the hate train and if anyone is gullible enoughto eath all this shit up let them have it.

I have 12331 issues around "decentralised way" eth is developed but state of fud is fucking bullish its battery of nothingburgers

>>16328328
>some virus that work with SC
Anon...that's not how it works
Please be larping, I really don't want there to be anyone this tech stupid in the world

>>16329117
You laugh, but if he unironically believes what he's saying it's moreso sad than anything else

what happens to all the DAI in the market if eth goes below 100$? asking for a friend

>>16329173
chain of liquidation

>>16329173
eth went from 1350 to 78 and nothing happend
In theory if eth goes below lets say 20 and coleterlall poll deploys liquidations happen on large scale, if it goes below 5 dai loses peg

Thats it

>there are people that fomoed at $18

>>16327851
>>16328232
>>16329162
I consider myself nonmaximalsit used to be big into btc I like sc platforms and lot of ideas in space but man heres the thing:
I literally cant keep up on ETH daily/weekly news and community anymore every day some new shit is up and running and thats eth 1 chain, never mind all 4 phases of eth 2 development (3 and rest are pure abstraction and way over my paygrade/iq)
ANY other shit: chan/plebit/slack/telegram/anything is basicly
2-20 man team making goals/promises and community of pure bagholders just cheering/echochambering 24/7
This wont scale bullshit is hilarious also everything will scale in open source space everyone is doing same sharding shit which is basically just parallel scaling but I would argue we coudl do 5-10 more years of cool shit built on eth1 (like triple point accounting with zk privacy features ey is doing etc..)
I used to like xlm I still do because of cool SCP idea not pwo or pos related, they can do 1k-3k tps since 2015 and hvae realy clean documentation any yet barely anyone is building anything on it, but they DO have community full of bagholders saying eth is dead shit since 2016

I dunno I could end up maxi in the end I guess...

>>16329458
Please, go die you stupid fuck

>>16328232
>>16328281
You don't even need to own ETH to take advantage of defi services, I deposited some USDC I had lying around to gain interest on it

>>16327851
>t. Eth bagholder desperately larping as a senior dev
Kek