/biz/ - Business & Finance

>>18408482
Based Vitalik laying down the law. But to truly lay down the law, buy Kleros. Buy PNK.

vitalik is b a s e d

I should invest in vitalik

>>18408482
I can just tell Vitalik is actually a very dark person inside but puts an autistic happy front to shill his coin.

>>18408482
It shouldn't take anyone long to realize Vitalik is based and maxipads are cringe as fuck.

He's spot on about maximalists just fucking crossing their fingers and literally having wet dreams about number go up. It's like Bitcoin has gotten to a point where it's "finished" and it's never going to be more than a high-tech ponzi scheme, so now Ethereum has picked up the torch in terms of acting as real programmable money and cryptocurrency. Maximalists rage and cry about this but they just look like pathetic babbies.

Thanks just bought more PNK

>>18408513

>>18408482
implying I give a single fuck about muh technology, I just want immutable money with no single soiboi controlling it all and able to print as much as he wants

>>18408706
Anon I...

>>18408742
you what?

>>18408749
>Anon I...

>lattices, LWE, multilinear maps, homomorphic encryption, MPC, and obfuscation

>>18408706
every time anyone makes a bitcoin transaction, a new amount of bitcoin is printed (ie created). That's literally how it works

>>18408831
but we already know it's capped at 21m so it's priced in, shithereum on the other hand...

>>18408849
we know about ethereum inflation schedule too

i'd rather have 1% inflation than a problem next halvening when btc cant pay fees

>>18408706
>muh
god i fucking hate you pieces of shit so fucking much fuck you are so fucking insufferable

>>18408849
Ethereum isn’t meant to be a “currency” or “store of value” you brainlet. Ethereum is a digital asset that would enable users, institutions, etc to make use of the network. It is so exhausting how many retards just think all crypto is for trying to replace venmo.

>>18408849
>>18408881
ur both retards, eth is switching to proof of stake, there'll be -practically- no energy requirement to make the network safe, and -practically- no infaltion. if you hold 0.01% of the total supply and keep staking it, you'll keep on having 0.01% of the total supply indefinitely.

>>18408742
if you don't understand how that's literally what bitcoin is, as well as its final purpose, then you're retarded.


>t. 50%/50% ETH/BTC, watching vitalik and blockstream fight is entertaining, i know at least one of them will win.

>>18408881
>we know about ethereum inflation schedule too
do we? or maybe vitalik changes his mind 7 times in the next months

>>18408927
>Ethereum isn’t meant to be a “currency” or “store of value” you brainlet. Ethereum is a digital asset that would enable users, institutions, etc to make use of the network.
and that's why it's a worthless gas shittoken

>>18408937
>he believes that proof of stake not only will happen but will actually work too
LMAO

>>18408849
>but we already know it's capped at 21m


How naive are you. It's capped to 21m, until we reach 21. Then they'll raise it because - what else will they do? If you dont raise the cap once its reached, you have to introduce mandatory transaction fees . Im not sure if you know what bitcoin miners do but - if the bitcoin miners stop working, bitcoin shuts down instantly. You cant make a single transaction. So they have to be rewarded all the time.

>>18408968
transactions fees will be high enough, yes it will cost $50 or $100 to make a transactions but people who use btc as a store of value won't care because you don't need to move your btc more oeften than a few time a year unless you're on the 'buying coffee with crypto' retarded hypetrain

>>18408984
the entire idea, of slow one, is that bitcoin becomes the new currency, replacing old currencies. Which you would therefore use to pay for coffee and anything else.
That's literally the whole point of all of this. You missed the whole point

>>18408964
why would proof of stake not work? it makes infinitely more sense than the abomination POW has turned into.

a few mining pools united could destroy any cryptocurrency right now. and attacks by miners on crypto did happen before.
if a PoW miner is solely motivated by wealth, and their equipment can be used to mine more than 1 currency, they can speculate on crashing one against the other even while they're mining it. PoW miners have little interest to keep the network safe. if a currency loses trust, they'll just start mining whatever other one the wealth of its users flees into.


if a PoS miner is solely motivated by wealth, they still need to hold >50% of stakeable assets of the currency they're mining. they can only attack/speculate on crashing it by being the biggest victims of themselves. PoS makes miners infinitely more interested in keeping the network safe. they want people to trust and use the currency they're HOLDING the most amount of.

>>18408984
don't forget that satoshi came up with PoW for consensus. 1 vote / IP address can be spoofed, so he used 1 vote / CPU. he had no idea there'd actually be single pools having over 50% of the hashpower with dedicated hardware farms and bitcoin would still be standing vastly unaffected.

what we're having right now is not a sustainable state, and BTC WILL switch to PoS eventually.

>>18409073
Satoshi foresaw server farms.

>>18409546
not in the whitepaper. he wanted a currency that's truly democratic and transparent, governed by the majority of its users interest.
his ideal solution would have been 1 vote / person, but it was not possible, and PoS was the closest he could come up with.

he might have foreseen serverfarms years later, but he definitely didn't see single pools controlling over 50% of the hashpower at times.


the ideal free currency would be governed by the majority its users, but being governmed by the majority of interest (the highest stakers stand the most to lose if people start turning away from the currency the mine) is FAR better than what PoS offers by today.

>>18409546
not in the whitepaper. he wanted a currency that's truly democratic and transparent, governed by the majority of its users interest.
his ideal solution would have been 1 vote / person, but it was not possible, and PoS was the closest he could come up with.

he might have foreseen serverfarms years later, but he definitely didn't see single pools controlling over 50% of the hashpower at times.


the ideal free currency would be governed by the majority its users, but being governmed by the majority of interest (the highest stakers stand the most to lose if people start turning away from they currency the mine) is FAR better than what PoS offers by today.

>>18409546
not in the whitepaper. he wanted a currency that's truly democratic and transparent, governed by the majority of its users interest.
his ideal solution would have been 1 vote / person, but it was not possible, and PoS was the closest solution he could come up with at the time.

he might have foreseen serverfarms years later, but he definitely didn't see single pools controlling over 50% of the hashpower at times.


the ideal free currency would be governed by the majority its users, but being governmed by the majority of interest (the highest stakers stand the most to lose if people start turning away from the currency they mine) is FAR better than what PoS offers by today.

>>18409621
>Not in the white paper

White paper isn't the bible m8. He said it in one of his posts

Nothin wrong with number go up. In the end, that's all that matters.

>>18408706
Immutable money you say? Look into 0xBitcoin - its bitcoin implemented as a smart contract in Ethereum so its DONE IMMUTABLE most sound monetary policy in crypto. Do your own research.