/biz/ - Business & Finance

>>51005864
Because chainlink can finally release staking and ccip

>>51005864
It makes your eth tokens more lgbtqa+ friendly

>>51005864
because people are so fucking retarded that they think free money can work. mining required REAL energy, REAL sacrifice, REAL blood of men that paid for that energy to be converted to ETH. now we just have money printer and its all going to go to fucking shit. people are so fucking dumb to not evenrecognize tis obvious concept of God.

Eth will finally shit itself lol, PoW is what gives crypto value.

>>51005871
Chainlink and Ethereum are different tho
>>51005874
like a rainbow?
>>51005890
How is Ethereum free money? It used to be mined.

>>51005864
Because it will finally make Eth green and sustainable. Also first steps towards better scalability and more potential growth.

>>51005915
Sure
But chainlink is more important than eth

>>51005890
>>51005907
These, but crypto is fucked anyway. Only Monero is really left standing as money and scaling.

>>51005864
go do literally the bare minimum amount of reading on this

fuck you retards want everything spoon fed to you huh

>>51005915
because the interest-generation system of PoS, aka the new ONLY means of producing new ETH, requires no energy input.

not to mention that such a system will ensure that the rich only get richer proportionally to everyone else. that simple concept alone makes it broken to begin with. it only becomes a matter of time before the biggest initial hand takes over the entire pot. inb4

>durr ETH will be circulated like a currency so ETH will keep changing hands to prevent this and game theory doesnt exist

>>51005864
It's an important step in reintegrating Ethereum back into the traditional international financial system. I guess you thought owning nothing and being happy was only a meme lmao

>>51005890
staking, the oldest trick in the book that bleeds the coin to zero

>>51005947
>not to mention that such a system will ensure that the rich only get richer proportionally to everyone else
As opposed to only the rich being able to afford huge mining farms in POW?

The merge will destroy eth.

>>51005907
But how do you know that?
>>51005920
I think that’s an important thing if this is what humanity has come to consensus about.
>>51005924
There’s no way that’s true

>>51005864
Because wonderful money making opportunities come knocking on my door.

>>51005864
ETH Merge is bollocks.

>>51005890
>REAL blood of men that paid for that energy
lmao you miners are such melodramatic fags
so glad to be rid of you fucks

what is ethereum merging with exactly?

>>51005947
>requires no energy input.
energy from a running computer and the internet still needed
but at least now 99.999% of the energy won't get pissed away into literal nothingness doing nothing but literally doing nothing but *guessing random numbers*

Because between it and SmartCon we will see the narrative shift from "crypto bad" to "environmentally friendly, regulated crypto good" which is the baseline narrative for global adoption we're going to see in the next few years.

because I'm gonna be rich, bitch.
suck it
(from the back)

>>51006034
It’s got to be merging with something. Otherwise it would be a dumb name
>>51006039
But smartcon has nothing to do with the merge?

>>51006085
The merge covers the environmentally friendly part. SmartCon covers the "integrates with legacy institutions in a trustworthy way" part. They're both integral.

Biz is extremely negative about the merge

Does this mean I should trade all my BTC for ETH ?

You know.. always do opposite of biz rule

>>51006122
Yes yes. Long it too.

>>51006070
How much ETH do you have dude?
>>51006109
Wait what do you mean? Why can’t they just do things together if they are so integral?
>>51006122
Checked. Idk man, Ethereum let’s me seem like a coder.

>>51005987
It is true.

Link can survive without eth, but eth can’t survive without chainlink

>>51006168

when are you retards going to realize that link is a fucking waste of time rofl jesus christ

>>51006168
That’s fucking stupid. ETH is merging and Chainlink is built on ETH.
>>51006188
It’s weird. They haven’t even accomplished anything.

>>51006159
If I recall there will be someone (not Vitalik) from Ethereum speaking at SmartCon

>>51006188
Checked. I can confidently reply that I am never, ever going to realize that, because it's not true.

>>51006015
95% of people get money by trading their time, aka life. you only get one life.
>>51006039
right. 2 main benefits.
1. Regulation. POW may be outlawed at any time.
2. Deflation. Number goes up.

Their biggest problem is not figuring out scaling before the merge. But i guess arbitrum/optimism/polygon are good enough.

>>51006159
desu I was lucky. I bought in at 80 cents.
I had to use geth on the command line to trade btc for eth right around the ico before there was a gui wallet.
I run three validators. I almost have enough left over to run a fourth.
I'm looking at rocketpool but I'm going to wait until after the merge to see if i want to go that route.

>>51006272
Doesn’t mean he’s important. If it’s so integral and Sergey is speaking why shouldn’t Vitalik be there too?
>>51006289
What is true?
>>51006303
What could have scaled Ethereum before the merge? How do you scale
>>51006305
That’s fucking cash dude. How do you validate?

>>51006332
>How do you validate?
I use allnodes for the validators. I also stake some on coinbase.

>>51006390
I’m assuming I need 32 ETH to validate too?

POW=Proof of wased (based but with a w)
POS=Piece of shit

I know which side Im on

>>51006683
You only need 16 with rocketpool. But you can stake with less on coinbase or lido.

because it the groundwork for the upcoming upgrades, most importantly sharding
when sharding is finally introduced, gas fees will become negligible as L2s will get a 100k throughput boost

this is exactly why i keep buying MATIC each time i buy ETH at a 1:1 ratio cause MATIC will most likely pump hard after each ETH upgrade

It's an excuse to outlaw bitcoin

>>51006332
3 ways to scale.
1. big blocks
2. short block times (functionally equivalent to 1)
3. sharding

personally i think any account based system like eth or sol are screwed in comparison with utxo chains like avax or bch. because of transaction ordering and are functionally limited to single threaded operations. and DPOS at least isnt limited by the weakest node, unlike a more pure POS. but maybe theyll work everything out.

usually people hungry for success are more likely to figure out really hard issues, rather than ones with billions of usd (eth foundation). thats why sam bankman fried is interesting to me, he doesnt blink at a billion. im buying any new L1s he buys this year.

can someone explain me where the 3x halvenings at once meme orginated? can anyone do the numbers?

not sure why everyone is having such a woman moment over this.

ether was never money,
ether will never be money,
ethereum was always designed to move to proof of stake, anybody that bought the premine knew this was the case from day one.

for it to survive long term, ethereum will always need leadership control over the blockchain. it's not bitcoin, its a technology, it will need never-ending upgrades and improvements, and protections from new forms of attacks. proof of stake might be a mistake but they've locked themselves into it for 8 years and it's a matter of pride at this point to get it working or die trying.
besides, it's not like for a platform like ethereum, with a strong leadership that has complete ownership over community decisions, has any risk under proof of stake from co-option by bad actors. they'll have unilateral control over which fork is developed and "official", and proof of stake only gives them more control and more options over punishing individual bad actors rather than everybody at once.

>>51007133
it's just some bad attempt at a failed narrative that had to be turned into a "joke" to safe face, like the whole "ultra sound money" thing for a premined fee token with unknown future monetary policy.

>>51007112
Kadena solves this while being PoW, PoS scammers are in shambles.

>>51007133
bitcoin halvening drops emissions by 50%
eth merge drops emmissions by 90%
three btc halvenings would drop it by 0.5*0.5*0.5 = 0.125, which is near 10%
so, "triple halvening"

>>51005864
>Why is the merge so important?
Because it will end tons of suffering and death due to pollution and emissions from mining.

>>51007249
I am still going to pollute though by mining other shit

>>51007441
With your GPU? Good luck, your profitability will be cut by more than 90% because Ethereum was damn near the entire market. There is nothing to replace it. GPU mining is dead for most people.

>>51007223
>bitcoin halvening drops emissions by 50%
brainlet take

>>51005948
I dont think biz realizes how much of a pozzed faggot vitalik has always been compared to others in the space

>>51007568
>brainlet take
alright, enlighten us then

Doom and gloom about losing PoW doesn't matter in clownworld. There will be major articles about how crypto is "green" now and wallah, you have a wicked nasty exit pump funded by blackrock and millions of normies

>>51007592
sure, here you go
https://bitinfocharts.com/comparison/bitcoin-hashrate.html#alltime

>>51007614
>mentions coinbase emissions
>links hash rate
?
nigger what are you going on about

>>51007648
nevermind i thought you were talking about co2 emissions for w/e reason lmao

>>51006122
I dunno man, that only applies when the posts aren't well thought out and people are running on pure hopium

>>51005973
The big problem in POS is that you need to buy the token to be able to stake. So you need a seller of that token. In POW you dont need that, you only need normal hardware to be able to mine for a potential reward of the token. So with POS you got intern dependance, with POW extern dependance. Extern is better for decentralisation obviously.

>>51005864
>Why is the merge so important?
It's not, it is to bring retail to buy the news while the whales dump on them close to the merge. This has happened numerous times before in crypto with tokens announcing a "partnership" or mainnet launch and the price going up before dumping and it is no difference here.

Long term average, how much passive income could one make with a single 32 eth validator?

>>51005987
>But how do you know that?
Because there is no work created whatsoever it relies on on collateral of big players to keep making more and more stacks, what is that called?

>>51005890
Miners don’t sacrifice shit holy fuck you people are retarded. All you do is plug in the machines, link your wallet for rewards, and sit on your fat ass. There is no more “work” done by people who mine PoW coins than people who stake PoS coins, you’re still just sitting on your ass while a computer runs. Any blood, sweat, or tears shed, and any actual work done is so far up the supply chain from you so as to be completely unrelated.

>>51007679
oh lmao
same anon here, ip refreshed
no worries i'm drunk as fuck as well rn

It isn't, it's just the usual heckin epic narrative to get new money into the market

>>51007830
32 eth will be the make it stack next cycle

Remember ETH is 70% premine.
A definition of a shitcoin.

What is the function of Ethereum?
Selling pixel image links and making even more shitcoins?

>>51007904
PoW has costs that can push down and break up monopolies. Now with staking, you get permanent oligarchs that are entrenched and have no costs to their network contribution. PoW is far superior for trust and decentralization than any other kind of set up. But eth is eth and will do it anyway at this point. We all know bitcoin is superior for the truest network anyway, people are using eth for other stuff.

>>51007830
about 1-2 eth a year
even at bitcoin prices which would put bitcoin mid-6 figures it's pretty garbage income

>>51005864
so governments can censor ethereum

>>51005907
What a retarded statement.

>>51005864
The merge? It's supposed to be a hard fork, right?
>woah, man, like, IMAGINE a man-machine interface on the WORLD COMPUTER like Major Kusagani in Ghost in the Shell. THE <MERGE> is so important

>>51005864
It makes upgrades like data sharding possible, so you don’t have to worry about gamers or leverage traders, disrupting a simple transaction, for a cup of coffee.
Paired with L2s, ETH is ready for the big leagues.

>>51005928
You have a point chad. Privacy solutions would always stand out due to their relevance in the crypto ecosystem.

>>51005864
1) Eliminates a Ukraine's worth of electricity consumption overnight
2) Makes the ETH network one of the few net profitable coins on the market

>>51005864
Because it marks the final triumph of central bankers over crypto
Afterwards, only Bitcoin remains

>>51005864
It isn't. It's just the owner class striking against the producer class. The goyim cattle are still goyim and dumb.

>>51008896
>Makes the ETH network one of the few net profitable coins on the market
Except at current activity levels ETH will not be deflationary. I don’t blame you for not knowing, the merge shills have been curiously quiet on that little fact. Weird, right?

>>51005864
WEF Pedophiles.
The green new deal bullshit run by mollesters.

>>51005874
This, if people knew, they would escape this wokemergism.

Good luck frens, all those miner tx are gone and never coming back to this pedochain.

>>51005920
Cringe.
Vitalik pedo talking points.
Fix yourself

>>51005948
What a fucking retarded pedophile.

>>51005890
tpbp. Expect hyperinflation for the sake of "African Americans reparation fees."

>>51007830
1-2 ETH a year.

>>51005864
guys I made a decision after reading this article. After the merge, hopefully pump, I'm putting all my eth into bitcoin. Validators will center and regulators will force them to censor transactions. minority validators voting to kick them off eth will lead to lawsuits and Eth will come to a grinding halt. I feel stupid for not seeing this sooner but tornado made me think hard.
https://cryptobriefing.com/will-ethereum-be-vulnerable-to-censorship-after-the-merge/

>>51009747
validators will centralize, not center*

>>51006746
>L2s will get a 100k throughput boost
what does that mean? 100k what?

>>51006746
>this is exactly why i keep buying MATIC each time i buy ETH
A lot of people are saying MATIC will be useless after either 1) the merge or 2) sharding? Is this true or just baseless FUD?

>>51007904
You've never run a mining farm. It's a lot more work than you realize when you start to scale up.

>>51006034
traditional finance. chainlink is the middlewear

>>51009034
rewards per day would be 1280, current burn rates are 1160 per day, id say its pretty close, if there will be a spike of activity burn rates will gape inflation for sure

>>51007441
Gods work anon

>>51005920
>green and sustainable
globohomo buzzwords

>>51010605
I hate these people more then niggers and jews fml

>>51005890
this is better than i could have worded it, and it's poorly worded enough to keep retards out. thank you

>>51005948
that's it after the merge I'm out

>>51005920
>>51005874

>>51010949
Icp welcomes you brother

>>51010955
fuck no selling it into bitcoin

>>51010623
jews are the ones promoting this, fags are the ones falling for it.
>>51005864
ETH is trying to appeal to jewish ESG bullshit (see: jewish control) by doing the merge. That's the only reason why it's important.
Look at chainlink for a recent example of this faggotry (different flavor, diversity hires):
https://www.youtube.com/watch?v=v377qrmmGEs

>>51008356
double blowjob

>>51005871
Fuck off, no one cares about your shitcoin

>>51008730
i hate frontrunners but this is a jewish solution.

>>51005864
is not

>>51005928
Monero is dinosaur coin. Discreet and Scala are next

>>51006710
Kek proof of waste

>>51007499
Ravencoin

>>51009747
To me it's super obvious, personally I don't understand why people hate PoW when it's a huge source of value for a currency. As a long time crypto miner I always felt like I was doing a good thing securing "the exit from decentralized banking" as a regular dude making a bit of cash for my trouble. I get Reddit hates us because the media told them we're not "green" and stealing their precious GPUs so they can't play their bing bing wahoos but other crypto users should like PoW.

I would always sell on DEXs and I care about privacy above everything. Crypto can't replace my VISA card (because of the central bank) but it's my offshore and I don't want it being backdoored or centralized with some gay ass merge. I don't really care about my mining revenue, I'll only lose 20% switching to FLUX mining, but I'm never using ETH again.

>>51005890
this
eth3 is a scam

>>51011778
>I'll only lose 20% switching to FLUX mining
uhh anon, I...

>>51011589
Ok, that covers 0.01% of the lost revenue, congrats.

>>51011778
>To me it's super obvious, personally I don't understand why people hate PoW when it's a huge source of value for a currency.
Because it literally kills. Do you realize how much suffering and death is caused by the pollution and emissions by miners?

because after that sharding will be enabled and scaling solutions like Zksync will melt faces
They already have a zkEVM testnet and are working with BitDAO on a DAO specific scaling solution called zkDAO

>>51005864
with or without the merge ETH will always need scaling and thats where Polygon comes in.
Their zkEVM will allow to use ETH's smart contracts while saving up more than 90% on gas fees