/biz/ - Business & Finance

>>27469577
It's fucking unbearable now, crypto is dead

>>27469577
Lmao ETH maxis refuse to believe this shit is killing the bullrun

>>27469577
Ether has always been a shitcoin.

>>27469577
Using the ethereum blockchain and it's many exquisite defi features isn't for poor people. Sorry anon

>>27469577
>>27469680
ETH need to get to it shit together quickly and release ETH 2.0 and POS. Fuck this shit

AVAX is coming.

>>27469800
Good luck getting people to use this coin long term if it’s only for the super wealthy. Even bitcoin doesn’t have such a big cost for transactions

>>27469800
Ethereum blockchain is constantly under so heavy load that gas fees are going through the roof.
Although that is how it goes when almost 80 % of the cryptoworld is build on your network.

>>27469577
Rbc is going to save the day

>>27469825
My kebabs are ready

>>27469882
Bitcoin blockchain is only for bitcoin. That's the reason why it has lower transfer fees

>>27469882
Paying 1k in fees so I can stake 200k and collect 22% apy is very much worth it. And I'm only middle class

>>27469946
This guy is going to have a lot of money by the end of the year.

Gas fees are not proportional you lose out if you deal in small amounts thats all .................

>>27469825
>>27469978
Those gas fees are the reason I went all-in for on AVAX

>>27469577
How did people swap/trade prior to ETH?>>27469666

>>27470174
centralized exchanges.

what is gas fee

>>27470134
I'm 60% AVAX 40% LTO, I understand why AVAX will be important af.

What's the non rubic solution lads? That coin was genuine pajeet shilled so I want to stay away from it

bought some NEAR the other day. Is looking like it might fix some of the ethereum gas price problems
>10K x lower cost per transaction than Ethereum
>The Rainbow Bridge will support tokens (ERC20, ERC721) & Solidity contracts.
https://near.org/
Development is pretty active too and they've been working on it for ages
https://github.com/near

>>27469910

It's not about the 80%. It's basically Uniswap alone that broke ethereum. Even fucking crypto kitties managed to do it. Ethereum is garbage.

>>27469577
Flare

Blame pajeet shitcoin pnd scams and Uniswap. Maybe if people stopped fomoing into a different "the next 1000x" 300k mcap shitcoin every day you wouldn't have this problem. You are part of the problem, by the way.

>>27470242
It’s a fee you have to pay to use Ethereum. for example, I want to buy something worth $34, but it cost me $2000 in fees.

>being poor

Just pay the gas Tyrone

>>27470348
AVAX, Pangolin is coming soon.

post yours. https://fees.wtf/

>>27470064
this guy GMI.

>>27470572
>just pay 2000 dollars to transfer 30 dollars worth of tokens

>>27470675
why are you here if you aren't playing with four figures or more

I can't wait for turks to take over, when they dump on us in march...

>>27470730
>pay 4 figures to transfer 2 figures

>>27470058
Where you stake?

>>27469577
Uniswap and Tether use more than double the gas used by the other top 10 smartcontracts. Once they move on layer2 we'll be back to 1-3$ gas fee and the real altseason will begin.

Until then you can trade with more money or use pic related

>>27470754
I don’t even care at this point. If they dump, I will buy even more AVAX because on the long term, AVAX will take ETH’s spot. It does everything ETH does, but quicker and cheaper

>>27469577
What is wrong with ETC?

Worry not about taxation but the uniswap exit fees. Hahaha oh boy

>>27470818
How many years

>>27470901
Lots of things.

Whatever happened to shit like Raiden that were meant to fix these things?

>>27470058
You're retarded. The whole system is going to collapse if regular and small crypto users can't participate.

>>27469577
Same shit happened last bull run and it STILL hasn't been fixed, and never will be.

AVAX will save us.

>>27470333
Chek'd

>>27471105
>AVAX
just bought fiddy AVAXs

>>27469577

Plasma Hyperloop, AVAX and Polkadot will save us.

Ethereum is DEFI 1.0, it has a lot of projects built on it, but these GAS prices out the majority of people on the planet from being a part of DEFI.

>>27469910
Uniswap having too many arbritrage bots killed it. They're the reason gas spiked so hard during pumps/dumps. Being a decentralized AMM makes it too easy.

reminder that you can use metamask with the c-chain
https://tradingtoolcrypto.medium.com/how-to-use-metamask-with-avalanche-avax-e5db94d749b

imagine when instant DeFi transactions for $0.01

>>27470348

Plasma Hyperloop's testnet is out this quarter, mainnet next quarter.

AVAX, Pangolin.

>>27471444
I know. I deployed reddit’s DONUT coin on the c-chain yesterday. It cost me around $2 and the deployment took around 2 minutes to complete.

>>27471312
AAAAAHHHHHHH IM GONNA COOOOOOOOOOOOOMM

>>27471061
It will not since alternative networks with cheap fees will take over. ethereum is junk.

>>27471312
>Hairy minge

Gross.

>>27471794
homo

>>27469577
The fuck are you trying to do you fucking idiot?

>>27472524
Trying to buy some UPVOTE

>>27469577
Cardano is taking over, sorry anon

>>27472559
don't be a retard and gamble on the weekly PnD meme token scam hoping to be higher up in the ponzi. be patient and buy solid projects.

>>27469806
5 years for phase two, 3 years if they rush shitcode to market

>>27470818
How do you invest in Eth2 stuff? Asked on another thread also

>>27469910
>that is how it goes when
the platform is terribly designed

>>27472690
I just wanted to buy $30 worth for the shits and giggles, and maybe profiting. But the $2000 gas fees scared me away. I am all in on AVAX already.

>>27471449
>Pangolin
is.. that a coin?

>>27471794
pedo homo

What's that? You got scammed by Vitalik and his miner cartel? Still waiting for your rolled up autistic l2 zsnarks?

>>27471061
regular small boys cant use btc either and its not collapsing .

>>27472926
That's a DEX.

>>27470134
>>27469978
>>27469825
Which swap sites use avax?

>>27469577
Reminder that the native binance token BNB pumped shitloads against BTC yesterday. This is almost certainly due to the fact it costs not even 5 cents a transaction. If ETH continues to keep fucking everyone with gas, at some point there will be a great exodus to BSC, gas prices will be the deciding factor for the majority of normies imo.

>>27472559
You're clearly doing something wrong. Anyaway scalability is solved when it comes to exchanges, use loopring. A swap shouldn't cost $2000. Or are you using metamasks swap, if you are just stop. Use loopring or at least 1inch

>>27473126
pangolin.exchange

>>27473126
Pangolin soon, ZERO already launched but some say it's shady. Most people are waiting on Pangolin.

>>27473149
I was using metamask, because it was a private presale or something.

>>27469806
Ugh anon it's not coming anytime soon

>>27469577
that's a failed transaction

>>27473207
I see! That sucks then. We need to wait for arbitrum to get released

>>27469577
>>27469666
>>27469680
>>27469763
>>27470134
>>27470333
>>27470355
>>27470361
>>27470490
>>27470886
>>27471105
>>27471266
>>27471312
>>27471449
>>27472616
>>27472722
>>27472891
>>27473006

THE FEES ARE HI!!!
BUY MY USLESS SHITCOINNNNN SIRRRRR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WE AHVE EhTeReUm BriDgE FUTURE OF FINANCE

>>27469806
ETH 2.0 is going to solve nothing.

The only way to improve performance is to limit number of nodes. This is not even being remotely considered by the muh deehcentruhlization crowdö.

My theory is they sell you technobabble hopium to drag is out as long as possible.

qui bono? miners.

top kek

>>27473458
meds

>>27470058
>Paying 1k in fees so I can stake 200k and collect 22% apy is very much worth it. And I'm only middle class
Are you staking stables or something else? Where are you getting such rates?

>>27469577
Only way

>>27469577
Vitalik's pleased

>>27473458
Nice argument

>>27473157
>>27473175
>launching soon

ZZZZZZZZZZ

>>27470620
lol little baby, I'm not even anywhere close to big time with my fees either

>>27473670
I laughed way too hard at this

>>27473458
Yes, Ethereum has an ecosystem. The competitors have not. This is a challenging situation. You are very smart for figuring this out.

Ethereum will go down, Its almost set in stone already. What will replace it is very hard to say at this point.

>>27469577
This will all be over once Zilliqa's interoperability with Poly Network

>>27473458
t. Future eth bagholder

>>27473765
Where can I see this

>>27473458
dilate

>hurr durr zero exchange
>zero doesn't seem to work either

>>27473697
You reek on overinvested lunch money hows that for argument lul?
Go use binance chain with full glory of 15 nodes controlled by binance but wait at that point you can use binance cex anyway kek
Only reason you newfags and porofags are crying about fees is because you hope it pumps your next eth shitcoin bags you dont need to use any of this shit I payed 2k in fees in january and made 28k on my deposits allready so yeah keep pedling your shitcoin

>>27473458
>t. Worried ETH holder

Keep paying those $60 fees.

>>27473458
take your meds retard

>>27469577
kek what the fuck
even funnier is how there's a very good chance it will fail and leave you with nothing

>>27473957
Im btc eth baghlder since 2015 lol not future made more than your whole village and will be hee after you go broke and fade to irrelevance end of this cycle to

Gl

>>27474100
I said in the OP that I am all in AVAX. Why are you so salty bruh? U can’t even read

>>27474100
Eat shit. Ethereum is factually dead. It simply does not work.

>>27474250
>> bruh
Gtfo
P.s. ETH > AVAX

What's the safest move right now?
Do I sell all my ETH and ERC20 tokens for BTC?

>>27474449
Yes

>>27473458

The fees are not only high, they are fucking ABSURD!

I can't believe how some people would enjoy paying $60 in order to move their tokens.

>>27473765
I'm at 7.13 ETH on gas... brother

>>27474385
chill out bruh

I paid $40 in gas today to buy BAO and then $40 more when I found out that if you want to farm BAO you have to pay gas fees every time you harvest. What the hell is even the incentive for me to participate if I am literally losing money farming your coin.

>>27469577
lol

>>27473826
No it's not hard at all if you're not tech illiterate

>>27470348
Uniswap v3

>>27474742
It's not about the tech. The tech doesn't matter at this point. All Ethereum killers perform pretty well (except NEO lol) You need the ecosystem. The only way to do this is with big funding. Binance shows you how its done.

>>27474598
Heeyyyy I'm not alone! I did this with another farming coin over the past 2 days. I'm going to lose money when I unstake unless the price spikes. on top of the 4 gas transactions to get there

>>27474352
Im literally:
>getting 29% on my usd in aave and alpha (payed 49$ fees to deposit 250k$)
>trading shitoins for lols on loopring for 0.01$ per trade (less than binance and i have custody of my funds)
>having 10 eth2 nodes prining 48 eth year and eth jsut goes up
>printing 28% on my bitcoin in resto of defi projects

You:
>peddling shitcoins basket shelving board with rest of pajeets crying about fees something you dont use or have any need to use go trade shitcoins on binance and stfu
>>27474547
Transaction is 9$ and you dont have to pay for it or use eth for transfers lol
>>27474552
29 and going ...made 4000% that dough....

Eth has clearly failed but I'm not jumping in any of these alternatives until they start getting dapps to prove they won't die in irrelevance or do the same shit.

>>27475229
You are fucking stupid. Stop posting please.

>>27475229
>>having 10 eth2 nodes prining 48 eth year and eth jsut goes up
can you explain how this part was set up?

>>27471060
> raiden
crickets
> plasma
crickets
> muh sidechains
crickets

> eth2
crickets

you should have learned by now, AVAX is only one which scales to more trx when adding more nodes

>>27469577
fantom moron

>>27475356
Yes sir You dumb binance chain best pls sir
Do you have any idea how BSC even worsks?
Do you know theres literally 0 diference usign it over cex sir?
Do you know tis not about EthErEuM there is army of OGs like me that will use anything that can provide same yeld in safe and decentalised way so we are not "maxis" we are just realistic
Have fun staying fucking poor dumbhsit

>>27475487
1 intel nuc 16gb ram i5 2tb m2 ssd +320 etherers+official guide+2 days of time

>>27475229
>getting 29% on my usd in aave and alpha (payed 49$ fees to deposit 250k$)
is this on the alpha v2 curve pool or is there a better pool for stablecoins? can you explain how does the leveraged farming work, do you have to pick a leverage somehow or is it automatic?

>>27475727
You can run 10 nodes with those specs??

>>27475727
>320 etherers
what does that mean?

>>27471312
Ah man she looks so intelligent, quirky and unique. I bet she'd really get me, ya know

>>27471444
>>27471564
How do you use this I am so confused.

>>27475895
Its acually 1 node (hardware) and 10 validators each validator 32 eth.
You can run as many as you whish validators on 1 node.
>>27475817
Tbh it chandges alot I only swap stablecoin farms after protocol is battletested and prob lose so much yeld but I dunno better safe than sorry i guess Im boomer there are degens printing 490%+ on millions of usd but i lack stomach for that
Alpha borrows eth to levrage stablecoins in farm max 2.5X only problem is you are short eth at that point so you btter buy eth call option to cover for it and so on...it gets complicated...

>>27473999
fees.wtf/?address=eth_address_here

>>27469577
>Complaining about $34
poorfag detected

>>27476295
Ok now I see why you’re so emotionally invested in ETH

>>27476295
thank you for taking the time to reply anon
>Tbh it chandges alot I only swap stablecoin farms after protocol is battletested and prob lose so much yeld but I dunno better safe than sorry i guess Im boomer there are degens printing 490%+ on millions of usd but i lack stomach for that
yeah same here, I only want to do the safe ones
>Alpha borrows eth to levrage stablecoins in farm max 2.5X only problem is you are short eth at that point so you btter buy eth call option to cover for it and so on...it gets complicated...
just to confirm, there is no way to use stablecoins on alpha without being short eth at the same time? What about the ibUSDCv2 lending? Not that I even know how to receive ibUSDCv2...

>>27476426
Im literally not moment there is something secure and with same eth defi ecosystem ill move over 800k$ usd to farm there.

Thing is im to deep so i understand how hard is to bootstrap and build this shit unlike biz pajeets so it triggers me when i read this threads yes

>>27475895
> You can run 10 nodes with those specs??

whats with these faggots not understanding this is 2021 and you can get a 80Mhz 512Kb computer for $2 a full computer the likes of which was imaginary and costed $50 000 in 1995, or a gazillion Mhz quadcore 16Gb ram for $1000 which can run 100 eth nodes??

>>27476810
Acually dont get me wrong from tech perspective I whitnesed:
2016 -next etereums
2017 -next etereums
2019 -next ethereums
2020 -next ethereums
2021 -every "next etereum" building "ethereum bridge" making itself effectively ethereum side chain
This does mean there is battle for best l2 from all this eth kilelrs and some of them will for sure pump hard af much more than eth if they win l2 war

But anons here are so stupid af lol

https://rumble.com/vcrrlv-welcome-to-the-rice-fields-.html

I just bought a 4chan pass [$20] with ethereum, the Gas fee was like $2.34
I dont know what you guys are talking about....
[$2.34] is still a crazy fee

>>27477118
pick best l2
arbitrum
nest
inj
muh zksnarks

>>27476810
Np.
>just to confirm, there is no way to use stablecoins on alpha without being short eth at the same time?
Yes, thats why everyone uses options to hedge eth blasting up

>>27477259
I dont think theres diference from lets say something like arbitrum and avax desu...best tech will win l2 wars

Acually i do think zk snarks are future because they solve problem of decentralised identity but we are so far from that still...

>>27469577

>>27477779
>>27473670

How the hell are exchanges coping with this? I withdrew 2 ETH from Kraken and payed 0.0015 or whatever. They have to eat that cost themselves.

>>27478378
Yeah, I also just checked that gas fees are something like 5$. Anons just try to cope while ETH is rising

>>27477193

Gas prices depend on what you are swapping.

>>27469577
You can profit off this.

>>27470242
So normally for a blockchain transaction you have to pay a miner's fee, right? Well gas fee is like a 'tip' to the miner to make your transaction just a little more valuable, and therefore a little more desirable to mine. If you pay with low gas fees, it will take longer for the transaction to be verified, if ever. Gas fees increase proportionally to the amount of bandwith your exchange is using on the ethereum network, as well as how active the network is as a whole.

>>27478581
explain?

if you stop to think for a single second you'll realise how bullish this is for eth

>>27479169
Try to find out what are people going to do when this shit is happens (is happening).

>>27469577
this is the biggest difference between 2017 and now. back then, i could cheaply buy any 2 sat shitcoin and ride the pump, cashing out with insane profits if i got lucky. high risk but high reward. it was what altcoins were all about to me.

now though, even just buying these shitcoins costs so much in fees that it just isn't worth it anymore. you lose tens or even hundreds of dollars right off the bat before the price even moves, meaning you need to throw substantial amounts of money at these shitcoins for it to even begin to be worthwhile. and who tf wants to do that? who wants to burn their money before they even get to buy the coin? no one. it's dogshit

>>27470058
>I can stake 200k
>I'm only middle class
If you can afford to throw around 200k, then no, you are not middle class.

>>27473458
>>27474100
>>27474244
>>27475229
>>27475591
>>27475727
>>27476295
>>27476830
>>27477118
>>27477307
>>27477465
Whale here
Lol why are you spoonfeding fagots like they understand anything you saying anon?

>>27480632
He’s a bag holder since 2015, and very invested in ETH (his own words), so it is understandable he reacts the way he did, when people point out gas fees are pushing people away from ETH

>>27480836
Theres nothing to push to moron hes right.
You literally don't have to use any of this shit but if you want to use defi you =are tied to eth, period.
Why do you think defi took of this hard finances are use case where you don't need huge tps and cheep fees if you do you are to poor to do onchain borrow/lend etc than You are not here for huge 50% year yeald, you are here to gamble on shitcoins and yes you are priced out from uniswap cassino.
Its good point he makes: use binance problem solved you dont need onchain amms .
I dont think most of You actually comprehend how big this defi meme is and why

>>27482022
AVAX

>>27482319
lmfao

L2 cannot come soon enough. DEXs with ETH L2 and particularly ones with cross-chain capabilities, and Lightning Network will be the saving grace of ETH in my opinion.

>>27482437
I know new tech might scare you mr whaler, but it is not too late for you to take a look into that

>>27482022

> if you do you are to poor to do onchain borrow/lend etc

You have that anti-poor people attitude, but it will never get mass adoption with those insane gas fees.

Average people do not pay those kind of fees for literally every single transaction in the world of traditional finance.

>>27469577
I tried to move some funds into my Maker vault today and got pic rel, which is more in ETH than I was trying to even move over. I've seen it go over $350 a few times in the last few days. The lowest I've seen the mining fee this month is $53. Those fees makes investing or staking completely unprofitable for normal people. It wasn't always that bad so now I'm kind of stuck in limbo because transferring it out will cost an arm and a leg too.

>>27470348
Theres no pajeets the team is all white. Its a reverse psychology type thing.

Cardano will fix this

>They fell for the crypto scam
>Didn't buy the real company

https://seekingalpha.com/article/4402645-cleveland-cliffs-hard-steel-not-soft-language

>>27483010
>"new tech"
>literally adopted rocketpool whitepaper 3 years old jfc
I hate normies
>>27483217
nah i think its sad so many newfgags will miss to learn about defi because of fees for real but noone whos poor and 95% of you newfags are is not here to park hundreds k in protocols anyway so point remains use binance for shitcoins?

>>27483416
people talk about L2 and stuff...

>>27484093
/biz/ would not be the same without you anon.

>>27482877
L2 is here but noone is intreseted because not enough shitcoins lol

>>27469666
tOo mANy peOpLE uSe IT It'S fUckInG dEad

>>27470242
they charge a fee when you pass gas
new green deal nigger

Avax token will kill the ethereum very soon,, bulls timr

>>27484253
>>"new tech"
>>literally adopted rocketpool whitepaper 3 years old jfc

Look at what you’re saying, is that your FUD for AVAX? really?

>>27469577
Shameless rubic shill

>>27484680
Kek my wallet is called rubic, yes, but I sold mine after the first pump

>>27469946
GMI
rubic is going to change the crypto game

>>27469577
just 2 days ago i got tx with 45-55 gas to go through, now its like a minimum of 150

>>27484282
Pls sirs make it happen. At this point there's almost no way to affordably DCA into earning passive income.

I literally cannot move these from here because of gas fees

>>27469825
How does avax facilitate cheaper transfers?

>>27484253
>use binance for shitcoins

There's many alts you can't get on Binance and that you can only get through DEX.

>>27484634
AVAX isn't meant to kill ETH, it's meant to help it run better.

>>27485870
>poor people

>>27485894
Athereum, ETH Bridge, Pangolin.

>>27486200
Yea, hit them, lol.
Jesus...

>>27471061
>>27473014
This was my first thought. Virtually any eth coin in a Dex is going to price out norms from everything not ON CB and RH