/biz/ - Business & Finance

>>21415067
all in eth since yesterday, let’s gooo

>>21415067
Fees are going to out price small users from making trades in Defi which will result in them being liquidated in a cascading fashion?

huge dump

>>21415067
Yet another hack?

Ethereum is a dying/dead network
too high of fees
too slow of transaction times

>>21415224
>Ethereum is a dying/dead network
>network literally seeing highest usage rate of any blockchain ever

>>21415224
This I don't see it pumping high until these issues are fixed. I have no desire to buy more eth right now because it's becoming impossible to move it

yeah it's about to dump

It's the nothing burger singularity.

>>21415224
>10s is too slow
ok

I'll give you the fees but it was never meant to be digital money
big boy playground now
jeets priced out

>>21415283
>Not buying ETH because it can't be moved.
>Buys shitcoins that run on ETH.
The state of /biz/ right now.

>>21415224
>XRP shill
shoo shoo

>>21415358
I don't get it
You give up throughput to miners and out price any regular user from running a node, and you have high fees?
The use cases for this bloated shitcoin are narrowing.

>>21415375
less people are buying those because of the fees, poorfags get drowned out; eth can't into mass adoption

Why do I feel like we are about to have a -50% wick and 1000 GWEI gas fees

>>21415067
I realize and I am shaking right now
I literally am throwing everything I can into AAVE to try and get more LENDIES and ETH desu

What happens first?
>eth 2.0 comes out, fixes the scaling problems and subsequently pumps
>something else, if only temporarily, can offer way way way lower gas prices and ETH dumps as a result

>>21415406
what are you even talking about?

>>21415447
considering phase 0 begins this year, I can't see anything beating ETH before that happens.

>>21415067
Pajeets are gonna be priced out in gas fees? Please tell me it’s true.

>>21415423
All those shitcoins talking about muh scalability, yet ETH is still plagued by high fees.

>>21415447
Something else doesn’t matter when literally 95% of shitcoins and projects are built on eth.

>>21415447
>eth 2.0 comes out, fixes the scaling problems and subsequently pumps
full 2.0 is a long way out, eth just needs to be the settlement layer for a variety of layer 2 solutions, you can bring gas costs down by 90% if you're willing to wait a few minutes and use an existing second layer network
>something else, if only temporarily, can offer way way way lower gas prices and ETH dumps as a result
it doesn't matter, eth has institutional support

>>21415423
Also bullish if pajeets and Niggers get priced out. I honestly never cared about <$8 transaction fees.

>>21415406
https://etherscan.io/chart/tx
take a look at this chart. do you see transactions slowing down because of gas fees? you are getting priced out of DeFI because you are a shrimp faggot.

>>21415358
>10s

>>21415638
god this picture makes me coom we are literally gonna make it

>>21415548
the only reason people are still building shit on this is because it's more known; there's so many decent coins out there actually capable of doing the same thing without the fees, but normalfags just look at the top 10 chart and see eth and think it's the only one capable of doing this shit

the truth is: normalfags don't give a shit about the tech in crypto, they aren't willing to search and learn

>>21415658
pretty much everyone else cares, i don't mind the odd high fee, but for something that is supposed to be used constantly through its "smart" contracts, it's utter shit

what’s the make it stack of Eth (circa 2025)

>>21415674
scroll down

>>21415674
>retard doesn't know how to use ethereum 2020 (colorized)
Should've set up a higher gas fee?
What's the problem?

>>21415702
>there's so many decent coins out there actually capable of doing the same thing without the fees
name 1 (one) platform that has the following

>POW/ real POS (dPOS or memes like this are not trustless)
>has smart contracts
>is actually out and not a whitepaper

you can't

>>21415638
this pic is ridiculous

>>21415067
Finally got 32 eth from playing around with shitcoins, im ready

>>21415638
imagine seeing this and not being all in

This is not natural, what is going on?

>>21415447
>>21415702

You realize everyone is developing on eth because everyone else is developing on it and they all work together to create something greater than the sum of their parts. Any competing network, no matter how superior technically, would need to overcome that fact and none of them have. None of them have had funding equivalent to those that were funded in the ico mania with 1k+ usd eth, nor have they had years to develop their ecosystem like eth has.

Also its really easy to say a competing network is better when it has never been utilized as much as btc or eth has.

>>21415779
>should've just spent $40 for a transactions lol

This is exactly why ethereum will never be anything more than a casino

>>21415985
I think it must be insider knowledge on the testing

>>21415067
It's about to get flipped by XRP.

>>21416117
>can't afford $40
I DID say jeets are priced out
good bye
thanks for playing

>>21415985
Linkies cashing out

IT'S ABOUT TO WICK DOWN 50% HOLY SHIT

>>21415985
a lot of coins are pretty much just waiting for new weekly candles to begin a big dump

>>21416117
You're spending 40 dollars interacting with smart contracts. Ethereum is still cheap as fuck to send between wallets, even cheaper if you use layer 2 solutions. You're complaining about poorly optimized/scaled projects, not ethereum. fuck off.

>>21415985

it's natural

>>21415779
Why the fuck should one pay more just for speed? Lmao

We go straight to Pluto?

>>21415283
Same, I can't justify it right now.

>>21416173
>people getting priced out of DeFi is a good thing

Exactly why ethereum is a dead/dying network.

>>21416223
>Why the fuck should one pay more just for speed?
If you're trading you need your transactions to go through fast
so you need to hope price won't change until your tx is executed or set a high slippage
setting a high slippage will get you gamed

>>21416194
>Ethereum is still cheap as fuck
it's like $2 a transaction, that's not exactly cheap, everyone is just used to high transaction fees now; back in the early days of crypto the entire point was "near to no fees", even btc failed
>>21415850
pow will be phased out eventually, at which point eth will become dpos too; though there's three options that quickly came to mind: hive, eos (but suffers a similar issue to eth in high network usage cucking users), and the cancerous shitcoin that should never be touched that is tron

>>21416241
fren you don't even know how to make a transaction properly. you are literally retarded on this subject and possibly in real life

>>21416414
>at which point eth will become dpos too;
RETARD ALERT
RETARD ALERT

>hive
who?
>eos
dpos, disqualified
>tron
kek

good bye
thanks for playing

>>21416117
>i can't afford it therefore it's a scam

>>21416414
>dpos
you don't even know what the fuck you're talking about

>>21415096
God damnit this pic is gold. IIRC some guy paid some LTC to have it created

>>21416455
>implying some jew won't just create a staking pool to maximise gains, the same way pow was created
>who?
point proven, you're a retard that sticks to the top 10

>>21416579
i've been in this shit since 2012, anon

>>21416108
What useful application is even running on the ethereum network? The only thing you can do is swap for shitcoins and play crypto kitties, and even those things are clogging the network.

>>21416707
>>implying some jew won't just create a staking pool to maximise gains, the same way pow was created
you clearly don't understand how ETH2.0 works

>>21415067
critical vulnerability #254 identified and hardfork #15 inbound?

>>21416707
>i've been in this shit since 2012, anon
eth 2.0 is not delegated proof of stake

>>21415358
this. people need ETH to gamble on defi scams and its only worth it if you're trading thousands of dollars worth of tokens at a time. ETH is going to pump hard over the next year

>>21416766
you clearly don't understand the lengths people go to maximise gains

>>21416779
1 BTC can only get you 26 ETH anon. Time is running out to get the big picture

>>21416736
Well the fact that you invoke crypto kitties of all things in 2020 sort of just highlights your ignorance towards the subject. A simple google search would tell you everything you asked for friend.

>>21416985
>Nah I don't need to read the fucking specs you're a fucking reatrd lmao

>>21416766
>has never heard of dappradar

Ngmi

>>21417134
>he thinks specs will stop someone from finding a way to pool together resources on a chain in which smart contracts exist
cringe and brainletpilled

>>21415638
its literally the global settlement standard
eth is going to 3k soon and over

>>21415067

>>21417236
Nice

>>21415659
Comment is based as fuck

>>21417327
Watch what happens when the market goes the other way lol
I can't believe you faggots are trading derivatives on a limited throughput blockchain

>ETH
>not EOS
stay poor

>>21417324
god this graph gets me hard

>>21416551
I'm not saying its a scam, its just a casino. The people who need DeFi the most (the Pajeets and the chinks) can't even interact with the system. Financing those people is what is really going to generate massive wealth and prosperity for the entire world. Until then, this is all shortsighted child's play and if you don't see that you are going to get burned when ethereum is inevitably flipped.

>>21417379

imagine still shilling this broken and centralized pile of shit in 2020

>>21417417
>Financing those people is what is really going to generate massive wealth and prosperity for the entire world.
>bringing in people will no money will make money
anon, how retarded are you?

>>21417423
reminder that eth is premined and centralised

>>21417468
Not as retarded as you. There is 2.8 billion people in india and china. Those are all people you could be financing. The more you finance them, the more wealth they get, and the more wealth you get. You'll never see true prosperity until everyone has a chance at prosperity.

>>21417667
>There is 2.8 billion people in india and china.
>they all have 10 dollars
>they bring 28 billion
vs
>one big bank
>has 280 billion
>they buy in
>dozens of other banks follow
if you want an "banked the unbanked" buy ripple or xlm and see how much money they bring in

>>21417764
this, "banking the unbanked" is a meme riding on empty bleeding heart shit that just makes for good soundbites and nothing else. Some pajeet shitting in a street in mumbai doesn't fucking need banking services. He doesn't even have a fucking internet connection. It's about as stupid an idea as solar panel highways or whatever the fuck.

>>21417764
>he actually promotes banks and centralisation
cringe

>>21417764
This is why ETH will be replaced by something else, and nobody will touch bitcoin as it continues to grow.

You guys and muh fees.

> Be Wall Street dude
> Wire transfer 1 mil to another country
> 10% fees/taxes/duties/etc

> Be real estate guy
> transfer property rights
> 1% of total value fees

> Be new world
> Do all this on ETH
> $10 fee
> thisisfine.jpg

> Be /biz/ gambler
> trade cryptokitties and e-vegetables
> $5 fee
> REEEEEEEEEEEEEEEEEEEEEEE MUH FEEEEEEEESSSSSSSSSSSS

>>21417764
2.8 billion 10 dollar loans at 10% brings you 2.8 billion while also enabling them to take out 100 dollar loans next year, 1000 dollar loans the year after that, ad infinitum..

Can't do that if you don't actually have DeFi though. Eth doesn't have DeFi. If everyone cannot participate in DeFi, its not DeFi.

>>21417324
>>21417392
literally dumping right now

>>21417887
centralize banks, when buying into decentralized assets, are a good thing you dumdum

>>21417998
>decentralized assets
lol

>>21417998
>banks taking up all your supply from the people, when crypto was made to escape banks and place funds into the hands of the people, is a good thing
no

>>21415437
This. Probably because thats what it has done in the past. I have stinky bids from $200 to $159

>>21417869
>Pajeet gets $10 dollar loan to buy a phone and internet in mumbai from local financier capable of financing because of improved financial system
>Pajeet now capable of generating more wealth than before

So shortsighted.

>>21418104
street shitting pajeet is still an 80 IQ retard who has no capacity to become a productive member of the global economy. The problem with this approach is that it assumes all peoples across the world are interchangeable.

Whats stopping eth from having layer 2 solutions for the unbanked?

>>21417981
>2.8 billion 10 dollar loans at 10% brings you 2.8 billion
damn 10%, that's almost predatory rates
if you were truly noble you'd loan them your money for 0.01%
don't worry that way they'll make even more money like your infinite compounding gains theory predicts

>>21418036
>i don't have anything to add or refute so i'll just reply "lol" that'll show 'em

>>21418040
>banks taking up all your supply from the people
you act like this shit doesn't have 18 fucking decimal places

>>21418185
They already exist, just need the DeFi ecosystem devs to start developing for them.
Uniswap is experimenting with their own layer 2, so it's probably not much longer until you can gamble on uniswap shitcoins spending less on fees.

>>21418261
>fees are 16/17~ decimals
ok

>>21416157
You wish

>>21418174
How do you know Pajeet is retarded if he never had access to the internet? How do you know he won't be able to participate in the global economy if he is never even given a chance at prosperity? People aren't interchangeable, so how can you make assumptions about individuals based off where they come from, you fucking hypocrite?

>>21417667
>Not as retarded as you. There is 2.8 billion people in india and china. Those are all people you could be financing. The more you finance them, the more wealth they get, and the more wealth you get. You'll never see true prosperity until everyone has a chance at prosperity.
why does everyone "prospering" on a finite planet with finite resources improve my prosperity

>>21418292
>muh fees
>everything should just be free
you don't have a clue about how any of this works

>>21418360
Because the universe is infinite with infinite space and infinite resources.

>>21418374
>get proven wrong
>"NOOOOO YOU DON'T UNDERSTAND"

Holochain will retire eth when its out, they say beta by eoy. Unlimited transaction and zero fees, network gets faster the more people use it.

>>21418423
The delusions

>>21415067
Hey OP what is going to happen bruudah

>>21418387
>get proven wrong again and again
>" i know, projecting! that works every time..."

Is 96 eth enough

>>21418466
no miners either.

Holochain will provide faster, cheaper, more secure and highly scalable options.

Businesses will prefer it to the limitations of Blockchain

>>21418388
>Because the universe is infinite with infinite space and infinite resources.
prosperity currently means consuming this planets finite resources
making another couple billion prosperous would be terrible for me for sure

>>21417116
Look dude hold your coins but the fees + length of time for transactions at this level of usage shows the viability of ethereum. It’s a good proof of concept but there are other solutions (like SOL) that can accomplish what ethereum is trying to do but better.

>>21418174
>The problem with this approach is that it assumes all peoples across the world are interchangeable.

they are. thats why americans are getting replaced in their own country by peoples across the world

Everything is built on ETH... think about it... who’s stock is higher.... Amazon or the thousands of companies that sell on their website? It’s amazon...

when will it go back down

>>21418675
Ethereum is already correctly priced. That's the difference. Yes, it's valuable, but it's not undervalued.

>>21418596
>I must keep others down so that I stay relatively higher. I must be king of shit mountain

nice jew mindset bro.

A tower is only as tall as the foundation is strong. If you don't have a strong foundation, you can never build a tall tower.

The universe has infinite space and infinite resources, its just a matter of capitalizing on those resources. We will never capitalize on all those resources unless we as a people have enough collective wealth to process those resources. More people getting wealthy isn't a bad thing. There is literally infinite wealth, its just a matter of tapping into it. You can't be greedy about infinite.

>>21418672
Americans are getting replaced because they aren’t spending money and keeping the elites wallets fat. They also tend to question the us government more. The US wants good little slaves that don’t question everything, don’t save and will vote Democrat without thinking

Also eth dev team own over 6 billion hot token

https://www.reddit.com/r/CryptoCurrency/comments/8kyici/always_follow_the_smart_money_2_eth_genesis/

>>21418803
i dont want to keep them down
i dont want to be relatively ANYTHING to them
i dont want anything to do with them
i dont want them to know i even exist
i want to enjoy a surplus of the finite resources here and bringing billions more into the picture just means i get access to less

>>21418923

That's because you have a jew mentality. finite doesn't exist. its a myth. just because others get more doesn't mean you have to get less. It doesn't work that way.

>>21416157
Lmao funniest post of the day

>>21415067
lemme guess, higher gas fees

>>21418760
Sure, that may be the case now if you were to simply take it at face value. But then what happens once ETH 2.0 comes online with PoS? Then it becomes worth much more (think $10k or $20k / TRILLION dollar mkt. cap) because suddenly everything can scale and web3.0 officially gets engrained into the mainstream.

That's why you buy truckloads now despite being "correctly priced", otherwise, it's always going to be too late to make any sensible gain.

>>21419079
>reddit spacing
go back

>>21419130

>he used a different format of typing than I am used to. I cannot cope with this.

Hey faggot

how

about

you

get

fucked

retard?

Is that how easy it is to derail your brain? A fucking enter key enters the scene and you literally cannot continue with whatever train of thought you had going? the fuck is wrong with you?

>>21417958
Under rated

>>21415067
Slowly bleed marketshare to smart contract competitors because the fees are too high to use the network for anything interesting.

>>21417958
Exactly. This is all old system shit that is being done away with. Ethereum is in the same camp as wire transfer fees.

>>21419079
>That's because you have a jew mentality. finite doesn't exist. its a myth. just because others get more doesn't mean you have to get less. It doesn't work that way.
why do you think the current planet is not finite? do you not realize how many amazing creatures and plants weve already destroyed because psychopaths like you wont admit it? but no please do go on about why i should be cheering for billions of africans to experience material wealth because that way i can earn interest off of them. while telling me im the one with the jew mindset. fuck you.

>>21416736
HSTRY is. Its a decentralized historical platform that rewards users for accurate claims, stories, and evidence. The submissions are verified by those holding the token by betting on the accuracy of the submission at the current point in time. Users can defend or rebuke submissions and stake claims on their assertions to be won or lost based on the communities interpretation if the information.

The best part is that submissions never come off, so you can always look back and see thriughout time how different peoples felt about certain issues and how the perception of the validity of a submission swayed history. Its cool stuff.

>>21419376
>2 words
>starts seething
sounds right
now, go back

>>21419521
why cant i find this it sounds great

>>21419509
>the earth is the universe
>my scope is extremely limited

that's because of greedy shortsighted jews who want to be king of shit mountain by suppressing everybody else. Its exactly because of wealth being siphoned from literally everyone into the hands of a powerful few instead of having decentralized wealth and finance is the reason why we have these issues in the first place.

Everyone doesn't deserve wealth or prosperity, but everyone deserves a chance at wealth or prosperity. If you really have issues with that statement you need to do some serious soul searching.

>>21419545
>thinks me calling him a retard is me seething
retard confirmed

>>21415985
>>21416174
This guy gets it

>>21419829
>still seething
go back

>>21415890
it's going to 0

>>21419954
I go where I please, nigger.

>>21420008
you're only getting a pass because you said "nigger"
now, lurk more

>>21420100
Nigger I've been on 4chan since 2004 fuck off and neck yourself if you can't handle a discussion without resorting to gay faggot shit like
>reddit spacing
dumb fuck, what even is reddit spacing? That seems like something you would have to use reddit to know about

>>21419079
feel free to continue the discussion from before you derailed it, or keep it derailed and be called out for it.

>>21420376
>dumb fuck, what even is reddit spacing? That seems like something you would have to use reddit to know about
god you're retarded

>>21420435

>>21418620
So? Then it goes back to my original post >>21416108, show me where are the projects that want to be on these better platforms, show me where they are funded, show me the tertiary applications that benefit off each other, none of those exist, and wont exist for years. Look at all of the other eth-like platforms, even the ones that have been live for years that tout better tech don't have any of this.

Which do you think is easier, for eth to move to pos or for the entire ecosystem to agree to move to another platform that is compatible, and as mature, tested and 'better' technology than eth? And this is completely ignoring 2nd layer solutions that are rolling out right now.

>>21416223
>lmao why would you pay more for a lambo or audi r8 when you can go half as slow with a vw jetta.
People who want speed of tx should have the right to pay for it.

>>21419575
still working on it. its in pre-alpha. Plan to release a token, HSTR, that will allow us to fundraise a proper developmental team (we're historians so it's a no-go for the most part on the technical side) before swapping it to the usable HSTRY token. We really hope and aim to take out a large portion of the ambiguity surrounding history from this point forward. It's hard to know the wide-spread sentiment, information, and other nuances from limited, and largely centralized, points of views and limited disagreements.

We also hope that by incentivizing accurate and unbiased votes, in the form of HSTRY token rewards when being "correct" on a wager, will keep the majority of people honest and do a large part to mitigate people voting simply to skew results and perceived opinions. Reason being is that obviously theyd have to spend tokens to vote, and people usually stop lying once their money is on the line.

There's a lot more that goes into obviously and we're still ironing out the kinks but to keep it short we want to mitigate as much bias and ambiguity from history as possible by encouraging and incentivizing decentralized exchange and discourse of historical submissions.

>>21419772
the current consumerism culture is not helping us conquer the universe
elevating billions of africans and indians into the current consumerism culture will destroy any hope of ever conquering the universe
youre the fucking jew sicko here you just dont realize it
we need to cherish the resources that weve been blessed with and use them towards advancing tech. not increasing turds.

>>21421078
this sounds absolutely incredible can i sign up for updates or something

>>21415067
ethereum is finished

>>21421862
If globohomo didn't enable nigger behaviour we would all be better off

>>21415067
I hope you realize what's about to happen. ETH will become nothing but a novelty sidechain of BitCoin run by a handful of autistic NEETs for nostalgic purposes to play with their antique "smart contracts" and "chain links" like so many neckbeards with N64 emulators.

>>21421957
Sure, our site is hstryblock.com

>
tfw i only own 3.88 ETHS

>>21417324

>>21418903
>reddit
cringe

>>21415067
>21415067
https://www.standardcryptofund.com/


https://www.standardcryptofund.com/


https://www.standardcryptofund.com/


https://medium.com/standard-crypto-
fund/standard-crypto-fund-qqqf-f8ced06ac82c

>>21418803
nice bugman mindset bro.

Reddit spacing.

>>21423013
how does 3.88 billion sound?

just swapped 347 ETH to PNK over the course of this week, did i fucke up?

>>21415850
Literally iota. wut?

>>21416766
there is nothing on eth 2.0 preventing the creation of staking pools

>>21417986
STOP TRADING THE 1 MINUTE CHART!

The last few ETH pumps being unaided by BTC pumps shows that it's finally standing on it' own legs for the first time. Whenever it will hold up or fall back to BTC moves remains to be seen.

>>21424169
Pnk will easily out run eth. Just like it has so far. See you at $4.

>>21415067
i am in.

it's clinging on for life right now, dump soon

>>21424626
PIECE OF SHIT
I
E
C
E

O
F

S
H
I
T

>>21415718
1

>>21415067
We are going to make it, aren't we?

trips = 450

I hope you realize what's about to happen.

Will 221 eth make me a millionaire?

>>21415638

What are some second-layer networks?

>>21425527

If 1 ETH ever costs 4524.87 of whatever currency you're using, yes.

>>21425613
>4524.87 per ETH in USD
so no

if your a nigger, your not gonna make it

eth bois to the fucking citadel

>>21415437
> complains about 1,000 GWEI
LMAO

>>21425663
itll happen in 2 months

>>21416117
ah the asspain of a 3rd World street dog. If only we could have priced you out of the Internet and the first World too!

>>21415224
>dying network

>literally the backbone of DeFi

>>21415067
Holding only ETH until the inevitable massive 2.0 pump. See you no-gweier losers later.

>>21415358
>gAY id