/biz/ - Business & Finance

>>29671738
obsolete very soon, I'd get a stack of BNB and maybe DOT or something

>>29671738
The battle for its replacement is going on right now, the weak should fear the strong.

>>29671947
yet... everything that matters still runs on it

>>29671738
your mother is obsolete

>>29672032
all kingdoms fall.

>>29671738
I will create a token that will save ETH. I won't tell you my idea, but this might save Vitalik's ass. What name should I give it?

>>29673418
optimism

>>29673418
Copium

obsolete coin not needed

>>29672032
>heh heh all travel is still done with horse-drawn carriages, who cares if your "Model T" is a little bit cheaper

>>29671738
Get into BNB asap

More news on 2.0 and it will pump probably that’s how it works peaks and troughs

>>29673418
big dildo

>>29671738

Miners mine to sell and buy BTC

>>29671738

>Oh it is crashing!!
>Oh such shitcoin!
>muh spaghetti

Sell your ETH and set a reminder in 10 years to reflect on your decision.

>>29673418
Herointhereum

>>29671738
it's overpriced. the only reason why it's been hitting 2k is because it was the "second" coin, but other than that the platform and the ecosystem has proven to be obsolete, and its shills nothing but slavic weirdos.

>>29671738
Ethereum was designed with the idea the internet speeds would incrrase by a certain marginbyear iver year. It was thought ethereum could end up being the singularity.

It has not because it turbs out the vast majorirty of people are content at 1-5GB/s.

>>29671878
FUCKING CHINK MOTHERFUCKER FUCK OFF BIZ

Now that they've admitted 2.0 won't solve gas fees (source: eth2.news), Ethereum's days really are numbered. Time to move on to scalable solutions.

Lol at anyone who still owns ETH... Do you even follow the space?

because when I tried to spend $250 on a shitcoin on uniswap it told me the miner fee would be $76

I really had no idea it was this bad, I’ve just held link for years and not traded or even kept up

Unusable garbage.

>>29674275
>I tried to spend $250 on a shitcoin
I hate shitkins poor fags so godamn much.

>>29671738
gas fee and every gamer waiting for gpu price to back to normal

>>29673827
based and time-horizon-pilled

>>29672032
You can literally just copy paste it all to a better designed chain. Ethereum should have never released a project with the intention of completely redesigning it from scratch. At a 200b market cap they should start becoming ossified but instead they have a massive amount of work to do under pressure with even higher stakes.

They deserve to fail for this bullshit, and its only a matter of time before they introduce a critical bug or accidently hard fork again, a prominent exchange gets slashed because of their shitty eth 2 client, who knows

Kek all this fud. Face melting eth pump incoming.

>>29674274
I don't own eth but I do own a ton of defi on eth that should have no problem migrating to better blockchains.

>>29674469
>eth pumps
>fees becomes so expensive not even whales will use it
>this is the future of france

eth is going to get flipped screencap this.

>>29671878
I have stacked DOT,ADA, and ATOM as a hedge against ETH

>>29673418
Faggotcoin $FAG

>>29673418
ethup

>>29674463
crypto would be fucking dead by now without Ethereum. in 2017 the biggest FUD was that no one uses crypto for anything. literally no one can say that. people use crypto all the time now, and that's only because ETH. your logic is like saying no one should launch software ever because it'll eventually need to be upgraded. please just shut the fuck up

Nope its an old piece of shit. Get out and get into somthing that is actually functional like HBAR or ALGO.

>>29671738
Miners are dumping 100% of what they get, based on how hostile the devs are against miners with that EIP while 2.0 is cooming "soon".
But people just don't get how important branding is, ETH is still going to go strong this bull run.
"but but but mah fees", no, people are not going to abandon ETH because of the fees, if that happened the fees would go down and people would come back. It doesn't matter that your shitcoin can transact 10x as much shitcoin tokens, people want to transact ether and not that shitcoin.

>>29673418
Ether Two
ET2
but on BSC

>>29671738
It's still beating LINK.

>>29671878
BNB and ADA are performing the best ytd.
>>29673893

>>29675320
The only thing link is outperforming is tether

>>29674940
Crypto would be dead without Bitcoin you retard, and to this day it's still the only coin that upgrades conservatively and takes seriously the risk of massive protocol upgrades to a system that people have so much value in. Ethereum is irrelevant in the long run because it can be imitated so easily

>>29671738
Even with the upcomig fork, even with ETH 2.0 fees will be the same

>>29675217

This is pretty much it.

Also, while ETH has all its flaws, it does not compromise its decentralization. In 10 or more years ETH will be THE ledger of the world.

If you sacrifice decentralization, then you might as well just run a server in your bedroom with a database of all the shitcoins, contracts and such. There is no need for blockchain.

I feel sorry for all the BoNoBo chink bagholders. The only info about BNB nodes comes from a year old Reddit post with zero votes, where you learn that they have 11 nodes, run by "trusted parties". Your local bank branch office has more servers than that. BNB is essentially XRP. It will see a few violent outbursts followed by sad sad crashes.

>>29671878
this anon knows

>>29671738
>DOT
based

Everyone claiming that Ethereum is obsolete does not understand that other chains are sacrificing some level of decentralization to solve some of the issues ETH has. ETH is trying to solve these issues *without* compromising decentralization. ETH will rise again.

>>29679515
you fucking moron, bnb will moon despite your fud, because it is providing liquidity for binance

>>29679944
This assumes users want decentralization.

>>29671738
its not too late to swing it into ADA

THE TIDAL WAVE IS COMING

TIME IS ON OUR SIDE

>>29674136
>eip-1559
>rollups
>sharding

>>29680190
BNB IS mooning if you haven't noticed you retarded mouthbreather. This is not what I was writing about at ALL. Learn to read for fuck sake.

>>29681230
ok, sorry I misunderstood

>>29674630
This

>>29681160
Lol that faggot

>>29671878
Is this a meme or do you really think ETH will be obsolete and BNB will replace it? It's literally an ETH fork that doesn't even pretend to be decentralized. CZ openly admits it. Why even bother with blockchain at that point?

>>29685813
People will use it because of the gas fees. Even looking at the posts from crypto normies on Twitter you can see the narrative forming that “ETH is for the elites” or “ETH hates the poor” whether that’s correct or not is debatable but perception does eventually become reality

>>29671738
No one is trading like the last few weeks; the market has crabbed for three days because people are running low on money between this and meme stocks.

>>29677521
name other valuable software or hardware that has lasted the test of time and hasn't made upgrades to it. i can't believe i'm arguing that upgrades are good. bitcoin is literally a broken piece of shit and had to change its narrative to digital gold because no one can move it

>>29671738
BNB is where it’s at right now, and at least for the near future, in my opinion.

>>29686763
Yeah people will use it to flip vaporware shit on pancake swap, that doesn't make it a replacement. No contract that needed security/reliability would ever run on it. It's a complete joke that it's #3, but shows we are in a bull market. It's like when verge and Tron were top 10

>>29689918
It is absolutely nothing like TRX and XVG being in the top 10. Neither of those are the largest crypto exchange in the entire world or have had the amount of value locked up in it like BSC projects have. Massive fucking cope

>>29681195
Miners are freaking out about EIP-1559. They are worried that they can't keep up their jewry by artificially inflating gas prices and holding the network hostage.

>>29671738
If you don't believe in ETH you should just quit crypto altogether. It doesn't scale, because the tech to make truly decentralized blockchains scale is slow moving and not quite there yet. Not in ETH and not yet in similar competitors like DOT/ADA.

You hold ETH because you believe it can fix these issues in the future, not because it's great now. If you want muh-scalability-nao-fuck-decentralization, go buy stock in Oracle or something. That's not what crypto is all about.

Algorand fixed everything...

>>29690450
if they manage to cock block this tomorrow I'm immediately market selling my entire stack.

>>29690201
Yeah you're right, those were actually more decentralized lmao. If you are pro BSC and CZ's coined CeDeFi, you are anti crypto. I'm not saying you can't make money from it, but it's no different than any single corporation having your assets on their own ledger, except they can exit scam and destroy everything unlike traditional fintech

>>29685813
decentralized vs centralized is fucking meaningless to the average normie user. You fucking for real dude? The only reason uniswap gets so much traffic is because of all the pajeet ERC-20 shitcoins that get listed first.

>>29689918
>Yeah people will use it to flip vaporware shit on pancake swap
99% of ERC-20 tokens are also vapourware trash. There are a few original defi projects and the rest are scams and copy pastes of the original.
>It's like when verge and Tron were top 10
Nah, people are actually using BSC for DeFi unlike those ghostchains that were built on speculatory gas in the last bull market

GET FUCKED ETHKIKES. You stupid cunts are in 'it for the tech', half you faggots got in the last few months and bought ETH at over $1k HAHAHAHAHAHAH. IT WAS $80 10 MONTHS AGO HAHAHAHA

>>29687765
Bitcoin is constantly updated and has the highest software pedigree of any crypto project out there. Believe it or not there are thousands of things to work on and improve that don't involve changing consensus rules. That's the part that should be taken very seriously and slowly which ethereum does recklessly

>>29692404
the last upgrade was 3 1/2 years ago

>>29680238
What is the point in crypto if you don't care about decentralization you dumb fucker

>>29692404
Ethereum needs to change more drastically because it's a million times more ambitious than Bitcoin. It tries to the build the blockchain equivalent of an operating system, with all the complexity that goes along with that and it's not up to the task yet in its current form. Bitcoin's ambition is to keep track of "Alice sends Bob 3 coins" messages slightly faster than my grandma could by hand.

Now it's fair to say that this is perhaps all that's needed, because blockchains can't actually do anything more than that without drowning in complexity. But at least ETH is trying.

>>29693266
to make money you soppy bastard

>>29671878
>Buy bitconnect

>>29693266
what is the point in decentralization if it doesn't work, genius?

>>29693019
The last consensus upgrade was Segwit, what's your point? Everytime you change consensus you invite attackers and it is risky. There is plenty of other work to do

https://bitcoinops.org/en/newsletters/2020/12/23/

>>29694085
Eth is a failed project because the entire global blockchain layer does not need to validate the results of a smart contract as long as the actual participants involved in it agree themselves. The only place that complicated smart contracts belong is off chain where they can actually be scaled

Eth is not an "operating system" this is just fake marketing just like "world computer". It is just a system that redundantly checks things over and over for everyone. It already doesn't scale even in something as simple as bitcoin, let alone putting tons of executable code directly on it.

Institutions are buying and weak hands are readily getting shaken out

>>29673569
You have it backwards, son. Ethereum is the Model T. All its competitors are more like motorized carriages.

>>29695192
>the entire global blockchain layer does not need to validate the results of a smart contract as long as the actual participants involved in it agree themselves
Of course they do. You build on top of the longest valid chain. If someone produces an invalid block, you don't build on that. Blockchain 101. Ethereum is no different than Bitcoin in this regard.

>It is just a system that redundantly checks things over and over for everyone.
Sure. Exactly like Bitcoin.

>It already doesn't scale even in something as simple as bitcoin
Wrong. Take today's Ethereum blockchain and strip away all executable code and just leave support for one hardcoded ERC-20 token. Voila. That system would be a significantly faster blockchain than Bitcoin's. (Because the GHOST/uncle mechanism allows for 15s block times.)

>>29698495
Lmao at your complete lack of comprehension about what I said, what my points were, and how ethereum and bitcoin work

>>29692046
priced out poorfag ngmi

>>29674630

>>29681195
>eip-1559
won't reduce gas fees
>rollups
not Layer 1, not decentralized, already exists on 1.x, and is literally letting someone else fix Eth's problem
>sharding
data sharding won't bring more scalability

seriously I wonder why so many of you invest in Eth without even following the development

>>29671738
I just wanted to go up a little so I can free myself once and for all from this haunted Judas coin. Getting to the point where I'd be willing to sell it at a loss because it irritates me so much.