/biz/ - Business & Finance

>>24875066
>THIS SHIT IS NEVER GOING TO REACH BITCOINS LEVEL
It was never supposed to.
BTC is just for storing value, while ETH is a utility token. They aren't even comparable.

>>24875127
SO ETH IS LITERALLY JUST A PIECE OF SHIT???!!

>>24875158
>73b MC
yeah, I guess it's just a piece of shit

>>24875127
what's the utility again? still in the experimental phase?

>>24875158
Well it's a pretty cool network there are better ones though. ETH isnt supposed to be expensive

>>24875260
issuing and trading unregistered securities

>>24875276
SO LET ME GET THIS STRAIGHT....

ETH IS NOT MEANT TO BE EXPENSIVE..

ITS MEANT TO INFLATE INFINITELY LIKE FIAT....


SO WHAT THE FUCK IS THE POINT THEN?

>>24875158
Why are you using all caps? Retard

I miss when /biz/ wasn't flooded with absolute retards.

>reeeee inflation badddd

>>24875066
Theoretically they could get rid of inflation, miners already make like 1/3 of their money off txn fees anyway. Thats better than what bitcoin miners are doing

>>24875359
INFLATION IS LITERALLY A KIKE INSTRUMENT THAT REPLACED THE GOLD STANDARD

WHEN YOUR MONEY IS GUARANTEED TO GO DOWN IN VALUE (INFLATION) YOU ARE MOTIVATED TO WORK MORE TO ACCUMULATE MORE

INFLATION IS LITERALLY THERE TO ENSLAVE WORKERS

WHY THE FUCK IS THIS SHIT IN CRYPTO

>>24875412
The inflation all comes back to you, just stake it.
Now YOU are the jew.

>>24875464
HOOOOOOOOLY FUCK

>>24875464
Jews get to force everyone to use their shitcoin and inflate as much as they like... Ethereum is relying on voluntary adoption and you can't inflate as much as you like, plus it has to compete with deflationary crypto for new adopters.

>>24875590
ETH inflation is exponentially decreasing.
If it's inflating 10% a year now, in 5 years it'll be 2%, then 0.1%. So long term, it's insignificant.
Less significant than new gold being mined.
Or even new bitcoins being mined.

>>24875590
Bitcoin also has inflation, it just has a hardcap on that inflation by around 2140.
By 2140, ETH will be producing insignificant supplies.

>>24875066
If you were smart OP you would know that ETH is just the fuel for being able to transact on Ethereum. ETH was never meant to be a currency.
You would have Mensa tier I.Q if you knew about 0xbitcoin. No ICO, No premien, No airdrop nonsense. The best iteration of Satoshi’s white paper implemented on Ethereum.

>>24875732
Is ETH going down then?

>>24875514
I thought about this whole concept alot I actually had alot of eth early 2017, and traded it all for shitcoins and back to btc, because I felt the same as you.

but what you need to also keep in mind is that with ETH I think alot of people will see value in getting a digital asset that pays interest and at percentages that will be extremely attractive in comparison to any bank which I think will serve the purpose of disruption to the banking system better than btc.

Btc is actually disruptive to gold by the looks of things as a far as a store of value.

I think your arguments are valid but the dapps on the network will make eth pretty valuable ina different way than btc

This thread is full of nothing but sub 60 IQ pajeets who will never make it.

>>24875066
Agreed OP. 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.

>>24875066
You do realize bitcoin is also, by definition, inflationary, r-right anon?

ITT: Retards

>>24875788
As long as people consider it to be money it will most likely go up. When they realize it’s just a utility token needed to be able to send transactions with then maybe it will go down. I would look into deflationary assets on Ethereum like 0xbitcoin, Vether. Decentralized Finance is the biggest thing on Ethereum.

>>24875870
>but what you need to also keep in mind is that with ETH I think alot of people will see value in getting a digital asset that pays interest and at percentages that will be extremely attractive in comparison to any bank which I think will serve the purpose of disruption to the banking system better than btc.


SO LET ME GET THIS STRAIGHT

IF YOU HELD 50 BTC AT THE START YOUD BE A MILLIONAIRE BY NOW

BUT IF YOU HOLD 50 ETH AT THE START

IN YEARS TIME YOUR 50 ETH WILL BE WORTHLESS BECAUSE ITS INFLATIONARY


WHICH MEANS ETHEREUM IS A TERRIBLE ASSET FOR HOLDING VALUE

IS THIS TRUE

>>24875066
Eth is cool but cardano is way superior and will replace eth soon.


Load up while you still can

>>24875917
>trolling this hard
21 mill maximum vs infinite maximum
ngmi.

the flippening will happen soon

https://www.flippening.watch/

corecucks on suicide watch

>>24876014
Look into 0xbitcoin

>>24875914
Nobody will read your pasta, faggot.

>>24876274
SHUT THE FUCK UP ANON. Ethereum cannot scale thats a fact. The ETH 2.0 roll out is protracted and convoluted, not too mention that the technology they are working on is inferior and antiquated in comparison to Cardano. There is an atmosphere of ambiguity as to when the Ethereum development team will release a fully working product. If ETH 2.0 launches too early there will be without a doubt a series of disastrous catastrophic errors and bugs that will severally impact the confidence of users and investors. If they release ETH 2.0 too late they are going be left behind. Cardano has already developed a superior network that's orders of magnitude more technologically advanced than Ethereum 2.0. The ETH development team are working on an insurmountable task. Personally my own experience of using Ethereum has been overall a negative one, where the majority of the time I have to pay exorbitant amounts of money in gas fees only for my transactions to get stuck pending for one hour. If people that are technologically literate hate using Ethereum what will normies think of it when they clog the network trying to trade imaginary cats.

>>24876182
Shitcoin
Anyone can easily do 0xbitcoin1, 0xbitcoin2, 0xbitcoin3...

>>24875066
How the fuck is anyone supposed to take you seriously when you post like that, in all caps?
Go back!

>>24875066
it becomes deflationary in 2022

>>24876382
sure. but none of them will have any hash rate

>>24876311
Cardano is a shitcoin
>looks into website
>clearly written by "responsible" bureaucrats
>hard pass

Only thing BTC and ETH worked is because they were made by crazy people wanting to fuck the world up.

>>24875321
nigger
shut the fuck up
eth 2.0 will drastically decrease fees
banks, institutions, shitnitutions, every possible usecase on this planet that needs a smart contract will switch to ETH
ETH won't flip BTC's price moron
it'll flip its marketcap
it's literally GOLD vs FIAT, gold is stored in reserves, pennies and bills are used on the daily

>>24876506
In addition:
>made in haskell
It's over, shit coin made by virtue-signaling researchers.

>>24876506
Let me ask you one question anon: What is the point of Ethereum?

This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is a fucking joke.

>>24876536
FIAT IS INFINITELY INFLATING YOU NIGGER

WE'RE ALL USING FIAT DAY TO DAY YES BUT ITS FUCKING WORTHLESS

DAY AFTER DAY IT DECREASES VALUE

ARE YOU TELLING ME ETHEREUM WILL BE FUCKING WORTHLESS PER TOKEN IN THE FUTURE (SUCH AS THE FATE OF ALL INFLATIONARY CURRENCIES)

>>24876560
Privacy, fucking up the government.
AWS is centralized and a government minion.

What the hell even is the point of all the blockchain then? What are you shilling Cardano for?

>>24875967
This.

>>24876560
Smart contract is a dumb term I agree. It is a decentralized contract. Executing on conditional sequences without the oversight of a centralized authority or paying escrow agents, or lawyers. Decentralized contracts is a beautiful thing whether ethereum does right yet or not

>>24875870
>dapps on the network will make eth pretty valuable
that is true. however its entirely possible ETH is successful at $700, $1000 or $825 forever. it could reach an equilibrium point where its some marginal amount over the inherent cost of the utility it provides.

this compares poorly against BTC, which is a binary option as a SoV. BTC is either going to 1-4M per coin or going to $0.

>>24876382
Everything you stated is bullshit. 0xbitcoin has the highest mining hash rate out of all the bullshit you just listed you demented tranny.

>>24877384
Then how come it's worth nothing?

>>24877428
Currently 15 cents and hashrate is doing well. I see you can’t see 0xbitcoin’s worth. Dilate your eyes.

>>24875646
>Or even new bitcoins being mined
wtf are you talking about?

>>24875321
Correct, because it's meant as a PLATFORM
you NIGGER

Why do you think so many coins are on it. It's using ETH as intended.

>>24875066
I'm basically a reforming BTC maxi and I regret having my head in the sand about ETH as long as I did. I now have a fat stack of ETH that I have locked up in maker and get to mint my own DAI on demand.

I then put it in crypto.com and pay down the loan until the ratio is low and repeat.

Its literally free money.

BTC is still my number 1 hold and likely always will be due to its unique characteristics, but ETH is also pretty dope anon. Jump on board that (and some of the other alts too) before you regret dismissing them out of hand.

No longer do we need to be worried about alts taking BTC's thunder. BTC is here to stay, we can let other alts take the other markets that they are better suited for.

>>24875897
Yep. Nobody knows about EIP 1559. With that and 2.0 ETH will be deflationary.

>>24875127
>Eth futures anounced to open February
Remember they will pump this shit so hard and dump it on when futures open
Plan accordingly

>>24876014
No. Duckduckgo EIP1559

Weird how literally nobody has given a clear answer. It's a simple question retards--is ETH inflationary? That's it. Stop trying to troll or ridicule him/her/them; he/she/they asked a valid question.

>>24875967
>>24876670
ETH can’t scale samefag.

ETH just fell from 0.03 BTC to 0.0271 BTC. Absolutely pitiful. Why won't it go up?

There are two camps.

ETH fans say that:
EIP 1559 will solve everything and it will improve a lot, but some questions remain.

- How will the miners feel about the economics change? We have to deal with them for like 2 more years so this is still important.

- How well will this offset the short term inflationary effect of having both POW and POS rewards happening simultaneously. For a short time, the inflation is going to be insane.
Luckily, the FOMO should also be insane, but this may be a damper on the pump potential vs. 2017.

ETH opponents will point to this all being less sound of monetary policy vs. BTC. I agree, but really its a different philosophy.

BTC is strict austrian economics.
ETH is more MMT but with strict rules that keep it from getting out of control. Replace taxes with fees after EIP 1559.

I like both because neither is a perfect solution, but both are fantastic at their relevant niches.

>>24876311
how many dapps are built on Cardano?

>>24878044
It’s already faster than Bitcoin. 2.0 will make it at least 64x faster.

>>24875412
Imagine still being a Paulbot. Holy fucking shit.

>>24875066
Cardano is the real Ethereum 2.0!
It is already much faster and it will have smart contracts in april.

>>24876636
Just this year, one ETH is worth more than 400% this year in terms of fiat USD than it was last year.

Regardless of the value of the US Dollar decreasing every year, I still need it to buy food and pay bills and taxes. I can't pay for my house with freaking crypto

So I don't care about Ethereum some inflation if it still produces overall better returns than the US Dollars that I will eventually exchange it for to buy my food and pay my bills.

>>24878352
Cardano is built on ethereum kek

>>24877684
>I now have a fat stack of ETH that I have locked up in maker and get to mint my own DAI on demand.
>I then put it in crypto.com and pay down the loan until the ratio is low and repeat.

explain this anon

>>24878681
He gets a loan of dai from maker locking up his eth as collateral. Then he lends that dai on crypto.com for superior interest rates. The uses the interest to pay off his loan on maker

I have like $10k in eth. Pure profit, just been holding it forever from other shitcoin trades. Is it time just to convert this to BTC and give up on Eth gains?

>>24878352
cuckdano has no devs noone wants to use it

>>24878681
Have ETH.
Deposit into maker's oasis smart contract as collateral.
Mint DAI until you reach a collateralization ratio that is more than 150% (You want to do more than this as 150% is liquidation price, 250-300 is safe). Fee for the DAI loan is only 2%

Take DAI stablecoins that you minted, deposit into crypto.com 3 month term who pays up to 14% depending upon your tier. This can net you 12% APY.

Pay down loan until its something like 400% at collateralization. Then take out more DAI, earn 14% interest. If ETH moons, take out more DAI.

Eventually you have all of your ETH and you have the DAI that you have in crypto.com paying you 14% stable income.

You assume a few risks:
- Crypto.com does not fail
- ETH price doesnt fall so much that you get liquidated at 150%.

Bonus, since you are taking out a loan in DAI, in the US you only have to pay taxes on the gains you get from that DAI (interets income from crypto.com). Its a way to cash out your ETH while paying minimal taxes.

Three months ago ETH was 0.04 BTC. Now ETH can't even stay above 0.03 BTC. ETH is losing value in satoshis which is the only thing that matters. ETH is a shitcoin and there is no reason to buy it instead of BTC.

>>24879540
lmfao

>>24878352
ETH has first-mover advantage in the dApp space. It’s over faggot

>>24879234
Is this better than staking ? How is it "cashing out" does crypto . com pay in fiat?

>>24879961
No you'll probably make more money staking since DAI literally cant moon, but the fact that DAI stays near a dollar and you earn in something thats near a dollar its way better from a tax perspective when you want to sell off your proceeds.

If you're not cucked by the US tax system you can ignore all of this.

>>24875260
Smart contracts have allowed endless dApps and layer 2 solutions on its platform. Even Chainlink itself is a top 10 coin. 2 other top 10 coins, Cardano and Polkadot were created by cofounders. Besides that you have a Binance *yawn.* governance token, the centralized shitcoin that is XRP, tether (which is an unaudited scam with a person just buying bitcoins with your money), BCH which is just fake ass Bitcoin made by someone literally pretending to be Satoshi — who anyone reading the manifesto would know would NEVER reveal their identity — and lightcoin, which was made so I could buy research chemicals on the internet when Bitcoin’s price was volatile but now it has a volatile price as well and is something boomers buy because they can’t afford Bitcoin.