/biz/ - Business & Finance

ahem.. get on my level

>>28732577
Goddamn piece of mother fucking cunt-rodden shit. I have 80% of my portfolio in this pathetic underperforming garbage and I seriously want to fucking kms.

>>28732950
from 80 to 1800, still complaining. You greedy fucks are never satisfied are you? or are you all newfags who bought at 1200

>>28733023
I bought at 700. It just seems undervalued, like it should be at least 3k right now.

>>28733253
as long as btc keeps pumping alts will stagnate, including eth

>>28733023
The whole fucking point is to outperform Bitcoin. ETH has barely been able to stay ahead of BTC, and just keeps struggling. I mean at this point, it's not even worth the risk of ETH, all this fucking FUD about miner opposition to EIP-1559, whether it goes through or not, etc. Why take on all that fucking additonal risk for such a weak measly gain on BTC? Why not just invest in BTC instead instead of dealing with the clusterfuck spaghetti piece of shit that is ETH?

>>28733351
wtf are you smoking alts went through the fucking roof the last week except fucking eth

>>28732577
just be fucking happy it doesnt go up any more
gas fees are already at such a high level most people can barely trade
any higher and it kills alt season for good

>>28733546
buy on centralized exchange goym

It was 730 just 1.5 months ago.
The asset almost 3x within weeks.
WTF is wrong with you guys

>>28732577
>$1,800 for a coin thats network is so backed up its killed half the projects running on it unless they want to pay $30 transfer fee's
yeah this easily should be a 10k coin

>>28732577
yesterday I tried to enter into a staking smart contract. Fee: $60... consumed and rejected. Proposed new fee $98. fuck it I'm done with this shitshow. ETH is a fucking disaster. this is pic-related-tier.

>>28733357
idk might as well kill yourself then

>>28733699
>Fee: $60... consumed and rejected
That's outright theft. Fuck eth. This can't go on any longer.

>Not buying Algorand
That's your biggest problem. ETH has fees, ALGO does not.

>>28733984
flare will kill this piece of shit

Whales making bank on Uniswap haven't realized yet that new normie retail is priced out of Ethereum and the entire Eth Defi ecosystem because of the fees. As everything non-Eth begins to pump, there' only one way this can go

>>28733987
ALGO is the perfect swing coin

>>28733676
This but unironically.

>>28732577
>he didnt stack sub 100
Ngmi bro

>>28733357
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 of 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.

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