/biz/ - Business & Finance

>>19839374
Is that showing Ethereum mining?

>>19839374
you gonna use it

>>19839872
>execute smart contract
>pay 5.87 $ fee
>enjoy being a cuck

>>19839852

>>19839872
Thats the reason i was complaining. ETH2 will be teplaced by link and arbitrum

>>19840074
How is ETH going to be replaced by LINK? That’s like saying Visa will be replaced by Walmart. If anything, we should be looking at other Layer 1 chains for potential competitors to Ethereum. Ethereum is trash, but they are on top. But if they don’t sort through their issues, their could be openings for other chains. Personally, I’m putting my biggest bet on Cardano. But no pump...still accumulating. I think I want to run a node.

>>19840862
>link + arbitrum
dyor retard the computational load has been moved off chain. ETH is just a settlement layer now. try to keep up.

>>19840862
The transactions will be mined offchain and the result will be put on chain again with chainlink. Look into arbitrum.

>>19840862
It’s not just Chainlink your brainlet, it’s Chainlink and Arbitrum. Arbitrum (developed by the ex CTO of the White House) allows for layer 2 scaling of ETH via off chain computation. How do you compute off chain then relay results to the settlement layer? You use an oracle network. I’m not shocked at all a brainlet like you is in Cardano.

>>19840882
He’s in Cardano, cut him some slack. Hard to keep up when you’re already years behind

>>19840967
Layer 2 scaling of ETH is still ETH.

miners just voted to raise gas limits

>>19840074
if you paid 16 cents, you transaction would go through in 1 minute

>>19839374
Exactly why we need LOKI adoption to take off
Oh you didn't know about Lokinet?

>>19841033
Good thing ETH is the chosen public settlement layer by big enterprise

>>19841056
Fuck off, why should i pay 16 cent for a transaction of 20$? 7 cent is already way too high imo

>>19841043
Yeah. Saw Peter freaking out. Bit of a shit show. We’re still very early as “adoption” is mostly useless speculation. Still very possible for other chains to actually grab adoption when we are really and truly using blockchain for everyday solutions. There could be multiple successful L1 chains when all is saI’d and done and people really discount the possibility of a Google or someone else just making their own that everyone will instantly flock to.

>>19841101
Exactly. That's why saying "ETH will be replaced" is silly.

>>19841125
It’s a good thing I put 100% of my money into the middleware they are all reliant on. I couldn't give a fuck who wins the settlement layer race

>>19841138
Ok vitalik

>>19841101
Today. What would happen if Google released their own? How quickly would that change? What kind of disruptions would that bring to these “big enterprises”? Not much because they aren’t really using it for much right now. We’re still very early in “adoption” as most traffic is speculation and useless transfers within the ecosystem. Yes, the time is coming when really important things will rest on blockchain, but there’s nothing that says Ethereum wins out other than it is the leader right now. I remember a time when Lycos was a big deal and no one ever heard of Google. Just remember that lots can change from the time of early adopters to actual widespread mass adoption.

>>19841138
“Replaced” is a figure of speech anon, I apologize because I see why you would have taken that literally. What we mean is that 90% of the work is done off chain via Arbitrum and LINK, with the remaining 10% just being the recording of the event on the settlement layer. Some anons have compared ETH2.0’s fate to essentially a decentralized storage base, where nothing is really compututated, rather just recorded. So, yes ETH will exist, but it’s purpose will be severely diminished with layer 2 functionalities.

>>19839852
kek underrated

>>19841183
Same thing applies to LINK though, some other oracle system could come along. I like both of them, bought the presale for LINK even, I just think it's dumb how some LINK holders try to diminish ETH lately. Yeah, it's great the LINK will work with any chain though.
>>19841199
That makes more sense, but layer 2 functionalities help ETH more than they hurt it.

>>19841153
Oracle is winner take all. So yeah, I have LINK too. But I’m far less sure about L1. I think Eth2 is going to be pivotal, but more about how and when the rollout occurs. The longer the delay, the more opening there is for actually non-shit chains to show their worth and gain actual adoption. My smooth brain likes the approach of Cardano going after third world country clients to facilitate the digitizing of many institutional processes.

>>19841222
>the link

>>19841232
Yeah, made a type there. Should say "that LINK." I just woke up fren.

>>19841183
It’s possible, but not likely. Baseline protocol was just created by Microsoft and EY to onboard other enterprises to the ETH chain. They’ve discussed how their intent with the project is to create a “standardization process” to onboard other enterprises. Wolpert, Rhodes, Hudson have talked about how they are creating a “baseline” so that other enterprises have a standard to work off of, according to them this is a major hurdle to getting banks and big enterprise to adopt a public protocol. Google could create their own in house solution but how would it differ from other in house solutions like Hyperledger? Many in the space have been vocal about the added benefits of using a public chain. That wasn’t possible before due to security concerns. Now you have tech advancements like Secure Enclave’s, tsigs, Mixicles, trusted execution environments to securely process sensitive information off chain then relay it on chain securely and reliably without revealing the sensitive info. ETH has network effects like no other settlement layer, public or private.

>>19841183
If Google made their own it would worthless. Ethereum has value because it's not like Google. People don't like the idea of trusting shady companies, especially when there are trustless alternatives that provide a superior product. Sure things can change quickly, but it won't be because of a jew making goycoin. Either ethereum solves scaling or someone else will. We all know Google is incapable of such a task.

>>19841276
Pretty much this. Using a private settlement layer undermines the entire premise of using a blockchain solution in the first place. Public layers are immutable and transparent and some have robust network effects which allow for inherent security guarantees. You can’t necessarily say that about a closed source, mutable private layer.

>>19841251
>>19841276
Yes, public chain is for sure going to be pivotal, but Google could indeed release their own or adopt a competitor's chain. Yes, network effect is the one thing that really is Ethereum's favor, but because we are so early in adoption, it's not as resilient of a benefit. It could evaporate very quickly because most people are not wedded to the protocol. They don't have their business tied to the chain where it would be expensive to move off to another. If Google adopted a different public chain and started using it for their services, that chosen chain would gain the users for sizable network effect overnight. Ethereum suffers from being early in a tech that due to consensus is hard to update and keep up with the times. Others have been working on incorporating the things that we've learned along the way in better and cleaner ways. If mass adoption is around the corner, despite the network effect, there are better options than Ethereum. Ethereum may end up like Bitcoin, where it was a necessary step in the evolution of the tech, but was too limited for what mass adoption would require. Can you imagine the global finance world operating on Bitcoin? I find myself feeling the same way about Etherum more and more unless Eth2 is absolutely knocked out of the park. And I say this as someone who holds Eth. But I'm hedging and there are better technical projects out there. True, better technicals does not mean winner, but I think the problems with Ethereum right now are really showing and we're reaching an inflection point where things could change as big data does indeed begin to use blockchain more and more.

>>19841294
Google doesn't need to release a private settlement layer. They would just need to release their own public or adopt another public ledger. That alone would create sufficient network effect overnight.

>>19841397
Yes it could happen, but look at the network of enterprises already building on ETH. Do they just drop work and migrate overnight to another enterprises chain, likely fueling their revenues or do they continue to build on the public chain everybody has been building on for the last 3 years? I see your point, and it’s entirely possible so I am not trying to discredit you. I just think ETH is the chosen public layer for the foreseeable future, who’s to say that doesn’t change in 5 years though? We will see

>>19841433
I would like to see Ethereum win, but I just have my doubts. The biggest impediment I see is that if things go the way most of us are thinking it will, the amount of value that will be reliant upon the chain will be astronomical. To get that value onto the chain, these big institutions are going to need to trust it. The technical issues that are still being worked out right now to handle the world we all envision here are enough to question who wins. Everything hinges, not only on Eth2, but also the timeline. It needs to not only 1) solve the issues, but it 2) needs to do so relatively soon. Either of those failing will I think lead to a very good chance of someone else becoming a very viable alternative for early adopting businesses.

So are highways in US cities but everyone still uses them.

>>19841488
I would agree with those points, sorry I called you a brainlet earlier, you’re clearly more educated than my stupid initial assessment. Thanks for a decent discussion on here for once

>>19839374
expect one more visit to 80 bucks anons

>>19840074
>taking a photo of a webpage
>sends a transaction with $0.07 fee when safe low is at twice that

dumbass

ETH 2.0 is Vaporware, scaling achievement is dubious at best. Buy BSV, it scales now.

>>19839374
Who cares nornies just want to get rich quick

>>19841592
No prob, anon. Godspeed

even if eth2.0 launches it will probably be less effective than other solutions. so yes once it is being used and it sucks big enterprises might move

>>19839374
>holds eth killer #5000
it’s too late for you poorfag hahahahahahahha

>>19839374
"shit" or "feces" is defined as
>waste matter discharged from the bowels after food has been digested; excrement
Ethereum is a decentralized smart contract platform.
There's in fact very little overlap in these definitions, therefore you have been proven wrong.

>>19841276
I love how you biztards think the mass majority of the world will think like you in X amount of time because of Y institutional adoptions.

If google released a chain it would go nuts because thats what normies do... and normies are the mass majority.

I swear you fucks are all in COPE mode with crypto. Just make some FIAT and be happy with it because crypto is useless fgts. Same fgts that say fossil fuels will go away... yeah maybe in half a fucking century.

TLDR you're all coping fgts living in a dream world.

>>19843335
If Google decided to integrate Tezos, for instance, I would personally move a big hunk of my ETH to XTZ and I would wager a good number of pool operators would jump as well smelling a very large opportunity. In the drop of a hat, a different chain could become a real contender for THE settlement layer. Obviously, a hypothetical like that could happen, but what makes me wonder about its increasing likelihood is simply the tech. If they don't really get Eth2 to where the tech is (and I have my doubts), there are just better options available tech wise and the network effect could be cultivated overnight on any competing chain. All it would take would be a very big guy making the change or a few pretty big guys and users and pool operators would flock to it in very quick succession. We have a bit of status quo bias. 5 years ago, nobody thought the US would crumble. Now people are unironically discussing it as a possibility. We think the status quo will continue, but very big changes can happen very quickly and unexpectedly. I feel we have more reason to think it possible that Ethereum loses, or at least gives up serious advantage to others, than we do to think it will be the uncontested winner.

>>19843489
>t. Beta incel virgin

>>19843531
Awh you got bullied in HS didn't you? You play D&D don't you? You probably have 30% BMI rating don't you?

I made 90 eth in 2 weeks on uni scams and cashed out to fiat because im not a crypto dick sucker.

TLDR eat healthy, get jacked, get a haircut, and stop holding vaporware.

>>19841222
Checked and truly a based take. Link + arbitrum is great, if it works. But faggot linkies saying shit like 'eth is just a settlement layer nao XD' just shows how much of an echo chamber linkies are in. Optimism is going live this year. Other l2 solutions are showing promise as well, nobody knows how it will shake out, but Eth is more popular than ever. All you retards thinking that institutional adoption and enterprise use are right around the corner need to be on fucking meds. Pooled liquidity and open finance are literally the only uses for blockchain right now, and the entirety of that space is on Eth. I do think Eth2 is vaporware and will probably be irrelevant by the time it comes out, and also that as an asset, Eth could be incredibly overvalued. Link surely is a better hold but the amount of confirmation bias and outright ignorance on this board is pretty frustrating.

>>19839374
thats the goal retard