/biz/ - Business & Finance

>>19266340
Market always knows
Good find, OP

>>19266340
not going to happen. their multi-client testnet never went for more than 2 weeks before running into a consensus bug. it has to run at least 2 months without any issue. july is off the table. besides, there is still no deposit contract deployed, so people couldn't even signal their willingness to stake if they wanted to.
however, all of this is irrelevant for the price and ethereum might very well pump in july.

>>19266340
yeah i did not say july

>>19266340
so people are buying and selling in await of ETH 2.0 release? And since that is known to happen at july 5th, the price is moving accordingly?

Beacon chain won’t be up in July, but we will probably see a multi client test net and deposit GUI (I think it was posted somewhere already, might’ve been fake)

>>19266395
No, nobody knows when Phase 0 is going to launch
TA displays the wisdom of the crowd. A shitton of people applying buy and sell pressure based on their knowledge and intuition. 5th of July, charts dont lie.

>>19266340
you'll be lucky if phase 0 launches in 2020 period

>>19266472
PA is proving you wrong. 5th of July is HABBENING

Meme lines lol...

>>19266340
If you buy Ether, you are gullible as fuck

First off, the program itself is garbage. Despite being tested for several months, it is so complicated and bad in design that people are mining blocks to a default address that they don't have access to, and a single typo in typing an address for a transaction results in loss of funds (lots of people have already lost money). The devs couldn't even be bothered doing a Windows miner release - users had to work out how to do it themselves. Even as live trading had began, an unknown exchange was sending deposits in error to the black hole 0x0000... address. The UI is unintelligible (see pic). To mine, I had to use two CMD windows in combination.

Second of all, Ether costs much less than $0.60 to mine. On my HD7970, the cost to mine was less than $0.10 per Ether. The people who bought Ether in the premine/presale paid the equivalent of $0.30 per Ether. Who the fuck even wants this shit? It has no mainstream appeal. Miners are dumping it like no tomorrow, and no one is buying because it's trash.

It's made by a 21-year-old slavshit dropout from the University of Waterloo. He has no achievements, not even academic, apart from 'Bitcoin Magazine' and Ethereum itself. He and his team of 'developers' gobbled up the millions of dollars from the presale months before the program was even released!

>>19266340
nice

>>19266588
charts dont lie

Ethereum has a better monetary policy than Bitcoin. ETH 2.0 will have constant low inflation, but it will be deflationary for stakers, making it a better digital gold and better store of value.
Even reddit is waking up to Bitcoin being shit and that there are no ETH killers even being in production.
Data says Ethereum miners are accumulating, not "dumping it like no tomorrow".
Everyone in crypto will rather agree with Vitalik than Adam Back or GMAXipad.
Ethereum has passed Bitcoin in institutional network effect, while being a newer coin.


charts dont lie

>>19266340
>>19266379
>>19266411

It will be 60-90 later but price will pop from july NO WAY market dosent start to price in earlier

Redit/visa thinkering with ETH news and snarks/optimistic/statless channels development would unironically make eth flip btc back in 2016/2017...
So Im allmost positive eth2 and phase0 market uncertainty throwed shade on all awsome eth1 development and news and gaved every poorfag out there one last chance to accumulate (they still wont dough LOL markets)

>>19266588
>zoomer thinks the best software wins

You also think windows is the best.

>>19266991
windows can run hello kitty games

>>19267152
and Bitcoin cant

>>19267239
kek, true

>>19267239
neither can eth

>>19267407
it could easily today.

>>19267425
you can't even flush one shit on eth without it clogging

ETH price EOY?

>>19267472
i know this shit is way over the top for your cumbrain, but here you go: https://docs.ethhub.io/ethereum-roadmap/layer-2-scaling/zk-rollups/

>>19267475
400

>>19267517
amazon have sharding patent, and bag holders don't secure the blockchain, miners do
pos = death for eth
good luck

>>19267566
you didn't even read the link, did you? doesn't say anything about sharding or PoS. even the link itself contains the word "layer-2" and you talk about layer-1 mechanisms. maybe this crypto thingy just isn't for you...

>>19266340
>TA says
>The chart never lies

>>19267614
nah i dont need to read that shit, you have one more pump coming to 800/900usd and then it's over

>>19267669
What's over?

>>19267702
ethrum and the whole shitcoin ponzi market

>>19267566
>amazon have sharding patent

BASED RETARD

>>19267152
bitching about cryptokitties clogging ethereum is the litmus test for dunning-kruger opinions about this
the gas market performed as intended during the initial rush. the network literally never slowed down or crashed. newbies letting their gas price autosuggested to 20 by primitive wallets got their tx stuck for a while, that's about it. worth noting at 100 gas price, ethereum transactions were still cheaper than bitcoin
no later than the next weekend, eth devs of all stripes came up with network improvements to drive down the costs and increase thoroughput
three weeks later, costs were back to normal
then for the following year and a half, regular improvements were made
hundreds of dapps have been running on layer 1. layer 2 solutions have matured through 2018, and some popular dapps seamlessly run millions of transactions there
ofc, if you're the average btc bagholding retard who gets your news from coindesk, you don't know that. more importantly, you don't WANT to know that. after king shitcoin has been gimped into a purely speculative tool for market manipulators, you have to cling to the store of value narrative for dear life. ignore all information, refuse to learn, stick to debunked talking points. bitch about the 2016 DAO while the 2018 parity bailout failed. complain about emission rate (that you call inflation, because it's a serious economic term and makes you feel like a serious man talking about serious money - even if any economist could tell you this is not what inflation means), even though by design ethereum emission rate naturally trends towards 0 as we approach infinity, not unlike bitcoin pow stretching decades - save for the fact bitcoin has no plans to deal with decreasing block rewards, except "the price will magically rise forever because deflation". cry about PoS being about the rich, when the minimum level of entry for bitcoin mining is an ASIC farm
bitcoin has swapped fundamental value for spiritual value. gl with that

>>19267831
tldr sperg

>>19267877
Its 2018 pasta since you are still stucked in 2018 fud tech illiterate newfag kek

>>19267877
BTFO

>>19267899
>>19267831
>some popular dapps seamlessly run millions of transactions there
you don't have any dapps making millions of tx in any relevant timeframe
maybe a handful do that many in a year and that is just pathetic
btc isn't bitcoin btw

>https://bitcoinblocks.live/
here is layer 1 scaling in action
tocial.io just launched, chinese facebook on bsv, pumping out more tx than the weather dapp already

>https://www.stateofthedapps.com/platforms/ethereum
it's literally on life support

>>19266340
IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.

>>19266340
ethereum 2.0 priced in like 2 years ago

>>19266389
the release is in June you nigas

>>19266340
Your chart implies a massive dump soon