/biz/ - Business & Finance

>>21745576
cardano going to killshot eth if 2.0 isn’t out before cardano has smart contracts.

cardano is a fucking snail though so it’s a toss up.

if cardano doesn’t kill eth then 2.0 comes along and fixes it or maybe OMG does with scaling.

FUCK ETH fees

>>21745576
Lock into a YFI vault and enjoy fee free, automated yield farming

https://yearn.finance/vaults

A solution to the ethereum scam and its fees will need to be found

I guess it will, I can't handle those fees anymore since they kill me from using DeFI, what options do we have?

the problem is that Cardano does not support smart contracts yet right? and I can't use it with DeFi right?

how is it fee free? does not use eth network?

>>21745864
yeah it doesn’t have smart contracts, but if it comes through with working smart contracts before eth 2.0, that is a very bid deal and why you should have a small bag just in case.

>>21746027
*big deal

I agree, I hold some Cardano and I might buy more, but do we have any other options besides Cardano?

come on it's not a scam, high fees is not equal to a scam, this is the definition of a scam a "dishonest scheme; a fraud."
it's not a scheme and it's not a fraud, if you don't want to use it and accept the terms don't use it
I am really upset with the dam fees, but don't call it a scam otherwise we don't have the same language or I have to assume your from another project

>>21745613

This dude knows what's up, Cardano is better then 2.0 in all aspects. Slow development time is due to wanting to get everything right, smart contracts will probably drop before eth too.

>>21746094

Is DOT a competitor or does it work with ETH.

nah DOT is not a competitor of Ethereum, dot is an amazing project that I am aware and in my words they will allow us to use different blockchains, so for example you will be able to use tokens from a blockchain in another different blockchain, looks amazing that polkadot project, I think polkadot will be very nice, but I don't think it solve the ETH fees

I read that Phore with the next Synapse update will be able to handle a lot of transactions per second at low cost, interesting for defi

>>21745576
use loopring no fees

I am pretty aware of Synapse, it's an amazing project form Phore and it does have much better TPS for sure due to their sharding mechanism
if Synapse uses polkadot it will mean that we can run ethereum on Synapse, that will be completely mind blowing, what do you all think?

loopring as no fees, but is it fast? how does their blockchain looks like? do they have sharding?

The possible collaboration with polkadot sounds very interesting, Phore is a project that I follow closely. Have you read the latest article published by the team on medium?

>>21746340
I agree

This is great, working as intended, if fees are too high for you, your transaction is simply not important enough.

>>21745613
OMG will scale a good amount, but it will take some time.

A lot of this is moving to gochain. Gochain is sleeping giant eth killer. Already partnered with lenovo, microsoft, dish, starbucks, conservation international and the UAE government. Stablecoin, wrapped usdc/btc/eth and chainswap mechanism already built and in place. High eth fees = solved. Only $10 million marketcap, never had a bull run or true price discovery. Available on binance. DYOR.

Flare is about to release and it's going to kill 99% of coins

>>21745576
Raiden will solve this hopefully

OMG plasma too

>>21745576
Can't you use 1inch & chi?

>>21745576
why do you think omg is mooning out of left field?

I think all of you will find this reading about the Phore Blockchain interesting:
https://medium.com/@phoreblockchain/how-phore-will-lead-the-defi-industry-10cf4a973684

we need more alternatives to eth especially, faster and cheaper ones, anyone with alternatives?

the Phore project excites me a lot and its current price is very low.

>>21745576
lets realtalk for a second: is there any chance that the fees could get lower in the next months? its not only a pain in the ass for most of us, except you are a whale and don't give a fuck about having $1000 more or less. besides that it is clogging the devolepment of the whole DeFi sector.

I don't think there is a chance to lower the fees, the DeFi projects are coming in, the only way is that they get the dam ETH upgrade to v2

>>21747356
what about QTUM? That has QRC20 tokens and I believe Defi projects can be built on it now.

>>21747816
>only way is that they get the dam ETH upgrade to v2

that shit will take years

make pokadot will save us, let's see, I am veru bulish on it to support the interoperability unless I got something wrong, let's see

maybe pokadot will save us, let's see, I am very bullish on it to support the interoperability unless I got something wrong, let's see

I will have to delve into the polkadot issue but it seems that all the projects are looking at the defi, Phore also has a market place, practically a complete ecosystem with the release of synapse

xdai will solve this

>>21745576
>>21745789
>>21745864
>>21746010
>>21746094

Phore
>scalable million’s of TPS
>dedicated shards to DeFi so cryptokitties won’t stall the chain like on ETH
>low fees
>code executes like 20000% quicker than Ethereum

>>21748814
vitalik has seen the light

hehe but why does Vitalik see the light and them sold all his ethereum?

>>21749108
>sold his ETH
>bought PHR
>buterin is
>a whore 4 phore

OMG to the rescue! And I'm not just saying that because i got 500 at $6.50!

Jk i am please pump so I'm not in the red

>>21748090
it will take years

I am bulish on Ethereum for sure, but it will take years and we need ETH 2.0 now, so if they can't upgrade maybe we can use a solution like Cardano? or maybe Phore Blockchain? let's do some research and see where we should go

>>21749209
this skateboard trapped you and loads of others anon. your gonna make it. we're all gonna get girlfriends!

>>21749209
I bought at 6.70 and sold at 5.50

>>21749475
Yay

>>21745576
OmiseGOOK should solve it but now that I have bought it crashes into hell. Everything I buy is destined to fail. It's a weird kind of curse.

>>21749475
Skeletor best keep his boney hands off my chick >:(

you lost money on ETH? selling at 5.50 you could be millionare by now :)

>>21749490
weak hands dont deserve girlfriends. get ripped. buy phore. don't fucking sell. you get 10 girlfriends.

>>21745576
either eth2.0 releases and sorts the problem out and also propels eth to new ath.... or cardano takes over and replaces eth.

>>21745576
Use etc.

>>21747514
if layer 2 solutions are implemented sure.

everyone else is ignoring the network effect that goes with bring a first mover like eth.

takes years to build a product, and months to port from one chain to another. most teams won't do that unless they absolutely have to, which means if there's a layer 2 solution forthcoming that allows exchange of goods more efficiently, they'll just tell everyone to use that rather than port their smart contracts to a new chain and run the risk of it being insecure or taking too long and losing out to a competitor.

xsn is that layer 2 solution. lightning network plus raiden, in a single dex that isv decentralized, low fee, efficient, supports enhanced trading functions like limit orders and trading view built in to the UI, and will finally open a direct link between bitcoin store of value and erc20 use case.

>>21745613
Cardano will kill ETH, no EOS will, no ONE, no FTM is the one.
It's fucking hilarious really.

>>21749750
XSN is cool I have some. But we're not talking about DEXs here. Go back to your own shill threads.

>>21747816
that's at least 2 years away assuming no delays

>>21749209
is nobody going to mention that NO ONE ACTUALLY USES ANY OF THE THINGS VB MENTIONED AS BEING "HERE"?

AM I TAKING CRAZY PILLS?

>>21749902
Vitalik can't think straight since he met his hero. I think he's starstruck at how good the Phore devs are... So good he's using Phore code in Eth2.0

>>21749671
haha do I get 10 girlfriends but I will stay alive or do I need to die to get them?
let me buy Phore to see if it works

>>21749826
if you're claiming that speculation and trading isn't what is driving this gas crisis, you're an idiot.

with that said, layer 2 solutions make EVERYTHING about a block chain, particularly smart contracts, more efficient, by enabling the batching of multiple pre-validated txs into one.

>>21749577
I understand this, brother

>>21745576
switch from gas to bananas
https://www.youtube.com/watch?v=MIyBFNjc1kY
its monkey season

Just use Tron, it works fine.

>>21750257
what is this layer 2 solution? so your saying that Phore as this later 2 that fix the problem? or I understood it wrong? how can it fix?

>>21750257
>getting mad
>saying things copied from XSN team without knowing what they mean

your kinda right tho. and I own 2 XSN nodes. But this is a thread about something completely different. Don't start making the existing community dislike XSN by being a toxic shill

Gas fees is the messed up part of DeFi

>>21750596
hes shilling XSN which is essentially a DEX. A good project but nothing to do with DeFi in the sense you were asking.

Phore is designing a superior sharding platform to Ethereum. They have the ability to optimize different shards for different use cases. DeFi can have a dedicated shard which means other smart contracts cannot grind DeFi to a halt. Also means less fees. Phore will be capable of millions of transactions per second. They can also execute code 200x faster than Ethereum can. Ethereum is that much awe of Phore, they've even used some of Phore's code. See for yourself.

if you can't afford the fees you're too poor to be using ethereum.

So many alternatives to Eth its crazy. Im balls deep into Phore because the value for money, do your research to see what i mean... Or dont, i dont care.

>>21751220
>>21751220
them I am to poor, your correct! I can't afford those dam fees
and by the way, aren't we supposed to get away of the bankers that keep all our money? so they will be replace by the miners? are the miners the bankes of the future? maybe I completely misunderstood the motivation and mentality of the crypto community

>>21751688
Come to Tron, I used justswap this morning for a few cents.

>>21751215
>>21751215
I want to learn more about Phore Technology, is Phore having the same problem that ETH is not able to fix? it's going to take some years for ETH to move to v2.0, and meanwhile we can use Phore? can we move ETH apps to Phore?

>>21751757
Tron is a house of cards. Aint gonna be around for that fall.

Don't worry something big is coming soon.

>>21752402
what's wrong with tron? people say it does have a good technology? and they are doing lot's of marketing as well

the next layer 2 solution is on mainnet

>>21752713
the problem is when ETH 2.0?

Phore is a decent bet, better than tron or other scam coins.. at least the CEO is a legit tech guy

>>21752402
How is it a house of cards? Its got a much better ecosystem with BitTorrent, DLive, WINk, etc. than anything Ethereum has.

Tried to lost a juicy .crypto domain last night on opensea, would have cost me $90 in gas....and that was down 77% from a week ago.

Will just wait a few more weeks I guess.

>>21749750
This. XSN will save both BTC and ETH's asses.

>>21754216
didnt we already discuss that XSN does not fit this discussion? what he hell are happening with you guys, are you bots?

>>21754190
I was wondering if with for example pokadot we can integrate another blockchain, let's say Phore, Cardano, etc.. and them use PHR or ADA to pay for the .crypto domain, is this a possibility?

>>21752973
We won't need it any time soon. xdai Stake is what Eth 2.0 promises to be. Money skelly has chosen