/biz/ - Business & Finance

>>17266436
>LINKs market cap will never be higher than ETH since it's an ERC20 token

>>17266436
because ETH does nothing without LINK

>>17266436
give it a year or two

>>17266436
because we use it like bitcoin.

>>17266436
>All this actual shit is built in china
>Why isn't it #1 already?

>>17266484
imagine actually believing this. if you are developer you know link is shit to use.

>>17266436
Because people believe in the bitcoin meme

It used to be the utilitarian dream of money

Now it’s just a “Store of value”

>>17266623
>What is gold.
brainlets the thread

>>17266436
Because a stupid game can clog the network

>>17266436
Because Fantom is about to destroy it and take its entire marketshare by doing De-FI 1000x faster and cheaper than that bloated PoW dinosaur.

>>17266655
Gold has a functional purpose asides it's rarity. Bitcoin is a bunch of holders circlejerking as they maintain their own ledger.

>>17266979
Lets see how long that rarity for your gold lasts vs. bitcoin. Many things already are "functional purposes" for btc you're just too stupid to understand how the network works and what runs on it.

>>17267024
>"functional purposes" for btc
>you're just too stupid to understand how the network works and what runs on it.
bitcoin bags getting heavier by the minute kek

>>17266436

>>17266436
FTM is just better.

>>17266436
Based AF. Flippening 2020
>>17266590
a ton of no brained fags on here actually believe this. its quite sad. and eventually will lead to catastrophic loss and wide spread pink wojacks

>>17266436
It will be in time.

>>17266590
t. Fulcrum developer

>>17267528
exhibit a. How do you people even exist? Im so fucking thankful I went to a private school and have no problems doing my own reading instead of verbal diarrhoeaing whatever I don't know about. Stay poor

>>17267528
Bitcoin will be on ETH before EOY. Imagine earning sats on compound.

Eth will still power the Ethereum network, which will be basically the only smart contract platform out there.

>>17266436
demand is lower than it should be since chainlink isn't mature yet and scaling hasn't been practically solved, ETH doesn't have a staking mechanism yet so supply is higher than it will be, and token velocity if ETH is too high, what's it worth if people exit it immediately for fiat after they're done paying for gas, that's why staking needs to work and/or PoW can't be completely done away with

>>17267598
t. midwit whose only claim to credibility is having rich parents, lol.

those are all tip of the iceberg topics. if you don’t understand at least half of the jargon in that image, then you haven’t spent a minute researching eth beyond whatever your favorite btc maxi said on Twitter.

>>17267615
>Bitcoin will be on ETH before EOY.
true
>Eth will still power the Ethereum network, which will be basically the only smart contract platform out there.
also true

>>17267598
So once bitcoin is just another means of payment on the ethereum network, what will make it any different than BCH or BSV?

>>17267584
I really wonder about you guys. You know that BZX and link had a strategic partnership last May. They opted not to use chainlink. Do you think you're really privvy to some insights that professional smart contract developers aren't? I'd bet my whole link stack you know fuck all about how this shit works beyond biz memes

>>17266436
It's not hard money.

>>17267759
>absolute state

>>17267759
This is why I think BTC will end up being the SOV on Ethereum. Bitcoin is better money. Eth is good for using Ethereum. But let's be honest shitcoin scams are 100% going to moon again. I don't think ETH will flip BTC but it probably hits a new ATH before bitcoin does, maybe even before BTC halving.

>>17267674
> if you don’t understand at least half of the jargon in that image

Oh- oh i didn't understand a lick of that incredibly thought provoking and brilliant jargon you really got me there, way over my head. Please throw more strawmen my way.
This is a complete waste of time, no intelligent conversations to be had here. I miss the old biz

Give me 3 apps that actually rely on ETH smart contracts and couldn't be done without them and are being used by lots of people.

>>17267819
Kleros courts already brought in $400k to jurors.

>>17267795
>This is why I think BTC will end up being the SOV on Ethereum. Bitcoin is better money. Eth is good for using Ethereum.
If BTC is on Ethereum, why would BTC be better money? At that point it would be competing with stablecoins and ETH itself... and it would have nothing of value to offer.
Moving BTC to Ethereum will happen but it is just postponing the inevitable.
>>17267819
Maker, Compound, Uniswap.
That was easy.

>>17266484
You fucking scammers deserve to be indicted

>>17267811
seething, lol
>>17267819
find me a bank account that offers 7.5% interest

>>17267615
You should just accept the fact that it is not possible to use Bitcoin on ethereum by some trustless way, but thats why 0xbtc Is already here. It is just too Simple,fair and trustless for average Joe who prefer strong marketing of pointless tokens.

>>17267859
Bitcoin is better money than Eth. ETh is the commodity that powers Ethereum. I just don't think it has any real fundamental reason to go up, even with staking or Eth 'locked' in Defi. OF course it will just based on speculation, I just don't see it going crazy on actual use because it's nonconsumable. Once you use ETH it goes right back on the market.

I think this way because I use ETH just about every day. I trade on synthetix and fulcrum, and a few other dexes I'm not willing to mention yet. I don't need a massive amount of ETH to do this. I buy ETH maybe once a year and not for speculation, but just to use the network.

>>17267895
lmfao pajeet i'm laughing right now

>>17267959

>>17267959
>once you use ETH it goes right back on the market
for btc, yes, for ETH, no. Gas burn is going to be implemented when the network becomes more efficient under pos consensus.

>So once bitcoin is just another means of payment on the ethereum network,

Didn't see this you got overshadowed by cancer incarnate. But the answer is always liquidity if you think it will come down to that

>>17267959
>>If BTC is on Ethereum, why would BTC be better money?
>Bitcoin is better money than Eth
That's not really an answer... just saying it doesn't make it so. If BTC was on Ethereum, how would BTC be better money than ETH or any of the many stablecoins?
MoE - nope, same as all ERC20s.
SoV - nope, too volatile, stablecoins are better.
UoA - nope, same as all ERC20s.
>I just don't think it has any real fundamental reason to go up, even with staking or Eth 'locked' in Defi
About 3% of ETH is already locked in defi. This will continue to grow, and a larger percentage will soon be locked for staking. EIP1559 will massively reduce inflation. A supply shock is guaranteed as these facts become more widely known. I'm surprised you don't see this as a fundamental reason to go up - it's pure supply/demand stuff, as fundamental as it gets.