/biz/ - Business & Finance

Bitcoin is really fucked here. No one even tries to imitate it anymore. Dominance looks like on the edge of a cliff. Most maxis have moved onto hsving other coins in portfolio also. Only attracting boomers recently.

not really

Done the same, good job anon

>>23348090

DOT seems solid. I hold both but I do consider DOT to have the larger potential upside. And you can stake it now, not wait for some bullshot 2.0 release.

>>23348090
Makes sense, Ethereum really isn’t making the progress it should. In the end Quant connects all blockchains so there will always be a place for them.

>>23348158
essentially why I picked up DOT

>>23348090
>smart move?
Dumb move.

>>23348158
>DOT seems solid
Its not Solid at all.
https://medium.com/@CryptoSeq/polkadot-an-early-in-depth-analysis-part-three-limitations-and-issues-d8b0a795a3e

>>23348221
>Ethereum really isn’t making the progress it should
Vitalik gave up on ETH 2.0 and is playing on time hoping someone else solves the Problem for him.
And indeed that is what happened.
https://athereum.avax.network/

>>23348090
very stupid move. polkadot is just dpos with extra steps, they already have a huge centralization issue with their nomination system and the chain is only running for a couple of weeks.
the design of eth2 is the best compromise of truly permissionless consensus mechanisms and PoS. it really shows that the brightest minds are working on this project.

>>23348090
extremely retarded move. Why the fuck did you do that???

>>23348994
>the design of eth2 is the best compromise
Its also centralized and introduces lots of new problems.
Athereum is the real ETH 2.0

>>23348959
>Vitalik gave up on ETH 2.0 and is playing on time hoping someone else solves the Problem for him.
>And indeed that is what happened.
source nigger

>>23348090
Literal what?

>>23349056
I literally linked it in my post.
Athereum is a friendly fork and basically its a more decentralized and faster Ethereum because it uses the Avalanche Consensus.

>>23349164
>Vitalik gave up on ETH 2.0 and is playing on time hoping someone else solves the Problem for him.
Source. You just linked the EVM avalanche chain. That isn't a source

>>23349182
ok whatever how do I buy your avalanche stuff

>>23349182
>That isn't a source
Thats the Solution to the ETH2.0 dilemma.

>>23349200
>Vitalik gave up on ETH 2.0
You're literally just lying

>>23349194
You keep Holding your ETH and you better invest into AVAX too.
If you really want to profit you learn how to run an AVAX node and then when ATH comes out you become a Validator for that Subnet.

>>23349207
Its obvious to everyone who follows the development for some years now.

>>23349230
I follow the development for some years now. It isn't.

>>23349212
thanks Just bought 10k

>>23349238
Then you are blind I guess.
Vitalik is already looking at Athereum and he already said that Avalanche is LEGIT.
It solves all his problems.

>>23349259
Source.

>>23349212
You’re the kind of person who loves acronyms and techno bumbly goop mumbo jumbo speak

>>23349260
https://twitter.com/VitalikButerin/status/1229908044714086401?s=19

>>23349271
you are the kind of person that stays poor.

>>23349298
Still no source on the part where it solves all his problems and that he has given up on 2.0.

>>23349308
>Still no source on the part where it solves all his problems
Its called putting 1 and 1 together to get 2. ETH 2.0 cant work because the way it achieves consensus. Athereum solves this.

>and that he has given up on 2.0.
of course he wouldnt admit it in public but its obvious.

>>23348116
>t.broke ass zoomer

have a look at Harmony ONE, better than DOT imo

whats his indian name biz?

>>23348994
>the design of eth2 is the best compromise of truly permissionless consensus mechanisms and PoS
what a crock of shit. ETH 2.0 is complex as fuck which is a bad move in and of itself because of the potential for fucking shit up. on top of that the retardation of sharding the base layer compromises security such that it will never be more than 25-33% byzantine resistant. to compensate for this abysmal resistance to Sybil attacks they are forced to add an additional layer of complexity (stake slashing) which is just an admission that the security profile of ETH 2 is a pathetic joke. on top of that Vitalik is capitulating on ETH 2 phase 2 admitting that is it multiple years away IF EVER... and please everyone can't we just stop at phase 1.5 and pretend that is ETH 2.
>it really shows that the brightest minds are working on this project.
you have to be brain damaged to even entertain such a laughable position.

>>23350212

>>23350800
I count at least 3 things in this post that is staright up untrue.

>>23349308
>Still no source on the part where it solves all his problems and that he has given up on 2.0.
>https://www.trustnodes.com/2020/10/02/base-layer-scalability-still-years-away-says-vitalik-buterin
>Instead he proposes a full focus on second layer methods to the point of even suggesting once current eth goes fully Proof of Stake in phase 1.5, then it’s all done. Otherwise:
>If you are not convinced to go ‘all the way’ on the ‘phase 1.5 and done’ direction, there is a natural compromise path to take: having a small number of execution shards (eg. 4-8) and many more data shards.

>>23350833
COPE Faggot.
>Bitcoin - 50% byzantine resistant
>ETH 2.0 25 - 33% byzantine resistant
true
>stake slashing mechanism to discourage sybil attack due to 25-33% byzantine resistance
true
>vitalik capitulation
hilariously true

>>23350870
Ok

>>23350800
1. all modern PoS systems have slashing in it due to the nothing-at-stake problem.
2. the 33% is required for finality, not block production. a dishonest 66% majority could censor transactions but the minority will build on a fork where they dishonest validators leak funds such that at some point they become the majority again (at least on their fork).
3. he doesn't capitulate but acknowledges the fact that sharding itself won't contribute nearly as much to actually scaling gas throughput as rollup methods, which will benefit greatly from the ETH2 chain in phase 1.5 already due to data availability, so it makes sense to make this a priority. the open research questions regarding light clients for phase 2 aren't even that big and I am pretty sure that some smart guy will find a solution in the coming years.

>>23351096
>and I am pretty sure that some smart guy will find a solution in the coming years.
Already happened, its called Avalanche.
The Smart guy that solved all of Ethereums and all of cryptos Problem is the Number 2 in cornells IC3 (Ari Juels who solved the Oracle Problem is #1).

>>23350212
>only 100 nodes
Its centralized garbage, cant scale, wont make it.