/biz/ - Business & Finance

I wouldn't mind seeing Bitcoin dethroned, so people can begin to embrace the fact other coins exist and it isn't all about Bitcoin anymore.

>>19083057

BASED

How do I get into Ethereum? Is there a simple piece of software I can download like with Bitcoin? I can't seem to find one. I found something called MEW but it seems web-based. I just want a client app like with my other cryptos.

>Indirectly, the Bitcoin 2020 halving is about to pull it up, along with the rest of crypto
>A large % of ETH will be locked up for an indefinite amount of time (12-24 months approx) during phase 0 staking and unable to be dumped/sold. If you keep your ETH liquid you can sell during this period while price rises. If you stake, you'll earn 5-20% rewards according to devs.
>The fee burning EIP 1559 has been introduced and will likely be implemented
>A continuing stream of good news will pump the price with each upgrade dropped and rolled out in phases: 0, 1, 1.5, 2, 3, 4
>The total supply to the market has been confirmed to be cut in half to 2 million ETH per year, so inflation will be approx 0% or even at deflation with fee burning
>Most importantly, Ethereum has already won. Bitcoin is being used now as an investment. Ethereum is an investment and everything else for crypto. The Enterprise Ethereum Alliance has JP Morgan, Microsoft, Intel, E&Y, AMD and tons of other huge companies. They are all using Ethereum for their blockchain programs and are going to be pouring money into R&D. https://entethalliance.org/members/

Cons:
>You have to wait before this begins and starts to snowball

>>19084441
yes
https://ethereum.org/

>>19084505
I don't see a download link. Just pages linking to other things programed with Ethereum and a list of wallets - all of which were browser extensions or for smartphones/tablets. They all seemed third party as well.

How can I just get "the" Ethereum wallet for Windows?

>>19084469
>Pros:
>>You have to wait before this begins and starts to snowball
FTFY, we’re actually blessed with a bit more time to accumulate

>>19084441
Metamask or hardware wallet

>>19084627
Is there one that's a standalone app, not a browser extension?

>>19084651
A few years ago I used a certain exodus wallet that you can download from here: https://www.exodus.io..

Now I use a hardware wallet and I feel much more comfortable with it.

>>19084651
mist wallet

>>19084689
>Now I use a hardware wallet and I feel much more comfortable with it.
Wow I never knew about these - they seem good, and probably gives the platform more utility than BTC. I'll probably get one in the future but ill try >>19084717 for now.

>>19084717
Apparently this is deprecated. Why is getting Ethereum so bizarrely convoluted? I just wanted to download a wallet app, go to an exchange, but some ETH and Bob's your uncle.

>>19084651
Just go to myetherwallet and make one

>>19084940
An online wallet? How likely is it to get hacked?

>>19083057
>only we know how hard it has been to hold on in these two years of limited growth
Jokes on you, I just converted from link to eth, comfy

>>19084905
I think it still works, but if you're worried then your best bet is a multi crypto wallet like Exodus, or you can check out mycrypto wallet (mycrypto dot com) it's an open-source desktop wallet but I never tried it so can't vouch for it.

>>19084469
If it doesn't snow ball or if it dips from here I'll just buy more. I have no problem with that.

>>19084905
Weird BTC seems so much more complicated and stupid to me lol. "Segwit", "Legacy wallet", "Lightning network". I don't know the difference and don't care. Btc will be in the trash soon.

>>19083574
Based movie

>>19085180
>Btc will be in the trash soon.
I agree. I just sold mine. Over 2 hours ago and the transaction is still "unconfirmed". This shit is obsolete.

>>19083057
shut up, layer 2
go back to work

>>19084994
It's just a frontend to generate the keys
You can use it offline as well. There's a GitHub page where you just download it and use it without ever connecting to the internet

Ethereum is the ultimate shitcoin.

>>19085388
2 hours is not that much for btc desu, bitcoiners recommend doing everything offchain with lightning.

>>19085527
Then what do I do with these keys? Are they the same as wallet addresses? Also if you don't connect to the internet how are transactions made?

The more I look into Ethereum the more needlessly complicated it seems. I just don't get it at all.

>>19085856
What the fuck, are you retarded?
Ethereum is straight forward. You got a wallet address and the private key that belongs to it, same as in Bitcoin.
The difference is that you don't have UTXO but account based transactions as well as there are automated wallets which got some code in it and you can interact with them (so called smart contracts).

>>19085856
Wallet address is how you receive shitcoins
Private keys prove your ownership of it and that's how you send coins from that address
Aka don't ever give the keys out because whoever has them owns the wallet

>>19085856
>Also if you don't connect to the internet how are transactions made?
Obviously you need to connect to the internet to broadcast a transaction. Key generation and signing of transactions however can and always should be done offline (on a hw wallet or airgapped system) as in any other cryptocurrency.
Thats why you can download and run MEW offline, so that your private keys will never be exposed to the internet.

Get some basic knowlegde nigger. The absolute state of biz :(

0xMonero is building privacy on Ethereum

>>19086094
I just got Exodus and, finally, something that resembles the crypto experience I'm familiar with.

My experience goes:
>download the official app of the currency
>wait for it to sync to the network (which may take weeks
>then you can start creating addresses with which to send and receive funds, all through the app

Until now nothing I found resembled this process - sorry if that makes me retarded.

Why isn't there even an official Ethereum app?

>>19087110

We are talking about an open source protocol where everyone can contribute. Talking about "official apps" is not really correct...anyway there are a lot of applications that act as wallets for Ether and tokens... just look for them

> https://ethereum.org/wallets/

>>19087110
What fucking app you fucking mongoloid??

You downloaded fucking full node lmfao, you dont need APP to interact with eth network get any wallet and thats it

FUCK

>>19085388
If you sold you did it on an exchange, which have nothing to do with btc blockchain, so what the fuck are you waiting 2 hours for?

>>19088741
Because the transaction, according to the client, is *still* unconfirmed, which means the exchange won't give me the money. Obviously when I made the sale on the exchange, I had to send them to the specified wallet of their choosing - via the app!

>>19087409
>https://ethereum.org/wallets/
See >>19084604

>>19085856
There are two keys in every address 1. Public 2. Private
Public is equivalent to your email address
Private is equivalent to your email password
The key combinations are countless however they are all certain .so doing offline doesn't make any difference. You can verify my words in ganache

BTC really is a cancer desu
and the crypto market is showing how irrational it really is by pumping BTC over ETH
seriously it's getting fucking boring at this point

>>19089641
So you didn't sell shit yet

>>19087110
holy shit man, are you retarded? you sound like you are running a full node. just use a wallet from ethereum.org/wallets/ and shut the fuck up. otherwise i'm going to assume this is a LARP or you are blissfully stupid and have done absolutely no research before diving into crypto

>>19083057
it's really weird how ethereum is going to be the foundation for the entire financial system, but the price just stays in price or dumps one every good news.
Are people really just dumb? Or is this manipulation for whales to accumulate?

>>19084651
a browser extension is safer than a standalone app. A browser extension is limited in what it can do by the browser's sandbox.
I don't get why people think a standalone app is safer.

>>19090494
>he thinks price is low for whale's to accumulate

>>19090696
Daily fees in the last 24h are $420k.
With 64 shards and 64 larger total usage that would translate to $26M daily. I don't think you realize what that means. At 15M eth staked, and scaled current usage, one eth is going to earn $650 just from fees annually. One eth is going to go for more than $20k.
Fees per shard should actually grow with scaling solutions.

>>19090796
> Ether is GAS
> Ether is staked
> Ether is used as collateral on DeFi

Hello Fellow All In ETH holders. Cheers and Toast to the near future. Type * CLINK* to Toast

>>19091126