/biz/ - Business & Finance

>>51393598
and when futures dump it causes spot to crash

pre mined ponzi is going to 0

sell it all and live safely in bitcoin

lol. Eth is massive. the futures dumping will be heeelarious

>>51393648
futures are IOUs

owing ETH futures means I Owe yoU ETH in the future

ETH1 futures means i owe you ETH1 in the future

ETH1 will drop 90% to $200 once the merge hits and ETH2 will be the one trading at the current $17000 price

>>51393703
*1,700

bearish for ETH

I might scoop some up when it will be triple digits again

>>51393703
i understand. i dont have the means to short eth 1 with ya.

im fishing for the next DOGE or SHIB

>>51393703
there is only ETH, the underlying chain doesn't matter, silly maxipad. you really need to go back to r/bitcoin and stay there, nobody enjoys your company outside this sub.

>>51393854
so theyre gonna merge ETH (PoW) into ETH (PoS)? without changing the token.

ETH1 will become a token after the merge.

>>51393854
they are two different tokens. ETH1 and ETH2

>>51393871
>>51393883
do i need to do anything with my ETH1 on my address to convert into ETH2?

>>51393871
>>51393883
no they're not, the eth1 chain will live on as execution chain, only consensus is being replaced with PoS.

>>51393883
yup. ETH 1 will crash hard.

shorting it will be billions of dollars

>>51393918
if thats true, eth will spike in value

>>51393947
https://blog.ethereum.org/2022/08/24/mainnet-merge-announcement
the eth1 chain becomes the execution layer and the beacon chain the consensus layers. that's why it's being called "the merge".

>>51393992
awwww snap! so eth1 will be the biggest "stake" to validate all PoS eth2?

>>51394098
man this kinda makes me realise how much of shitshow it actually is, ETh1 Eth2.. merge it... lmao you could buy ETH2 before the chain was live... at ETH1 prices.. what a scam

>>51394133
there are no ETH1 and ETH2 tokens. those "ETH2 tokens" you can buy are actually IOUs on staked ETH. these are regular ETH that are locked up in the staking contract and cannot be withdrawn for now, but large staking operations can sell IOUs on the tokens they staked and that's what you are buying when buying STETH or similar tokens. for the ethereum chain there is only ETH.

>>51393598
>due to the merge
mostly due to the fact that no one can run a fucking a node on their own hardware.

>>51394204
dam. ETH will spike bigly

>>51393992
>>51394133
>>51394204
In the event the merge creates two chains (PoW ETH and PoS ETH) will this show in all wallets? Is one wallet more likely to see this if it happens?

>>51394250
the original ETH chain cannot possible continue to run due to the difficulty bomb, which will make mining extremely hard in about 1 day and 8 hours from now. people could go ahead and fork the chain at that point, remove the difficulty bomb, and keep on mining on the forked chain, but this would create a new chain and could be done all the time at every block.
there are people who announced to make this happen for ETH-POW but this should be more considered as a new chain which airdrops balances to holders of the ETH chain.

>>51394231
shhh bro. redricting miner revenue to pre-mine holders is good for the enviroment

>>51393854
you realize us "maxipads" own literally half of all eth that will ever exist? enjoy trying to catch up.

>>51394307
when would removing the difficulty bomb create a new chain? they have removed it in the past and it did not create a new chain.

>>51393916
No, because ETH is ETH retard.

>>51394322
who cares about mining, the whole point is to move away from it

>>51394340
of course they created a new chain, they needed a hard fork to change it (which made the entire concept of difficulty bombs kind of ridiculous but meh). in other words they had to change the code of the node software and distribute it within the network, and that would also be required for continuing the PoW chain after the merge.
>>51394324
nah you are way too convinced that ETH is a scam or too bloated or whatever bullshit greg and his buddies are putting in your head. eth maxis are just consequential, bitcoin maxis are an actual cult.

>>51394412
If you're gonna be PoS you have to have a decentralized network of nodes. One the merge is complete, Amazon could nuke eth with the stroke of a key.

>>51394412
t. IQ below 40

>>51394412
>who cares about mining, the whole point is to move away from it
>date: 09/12/22(Mon)
its been over a decade and people still post this shit holy FUCK

>>51394417
I'm more of a monero maximalist but 80pct of my networth is in Bitcoin. heh. i got only 3 pct eth

This thread is retarded and so is everybody (excluding myself) in it.

>>51393916
Send them to me, I will helo you to convert it for free, only Gas fees.

>>51394307
Would this be the reason why pulsechain had been discontinued?

>>51393598
You understand that the ETH coin will still be the ETH token after the upgrade right? There's no "ETH1" and "ETH2" coins.

>>51393947
no fucking shit sherlock, they literally will have a tripple halving event at the merge

>>51394412
PoS: You need money for a percentage of the control of the network
PoW: You need money AND the infrastructure to have a percentage of the control of the network
PoW is superior, but needs a lot of energy.
Ethereum after the merge will be a green crypto which will attract the masses next bullrun and actually cause the flippening
But
Ethereum has to be replaced at one point, as it gets vulnerable to those, who have an infinite money supply, but this event will take its time, since the wealthy need an exclusive and expensive blockchain

>>51396085
There is. The ETH foundation is pumping bitcoin by selling ethereum, and will use bitcoin to pump ETH2. And only those who stake 32ETH1 and keep their computers on 24/7 will receive ETH2.

>>51393622
Bitcoin is scam ETH number 1

anyone expecting miners to move to Litecoin? or not likely?

>>51394802
That's what happens when you use PoS and host it on AWS. Even JPM holds a lot of ETH.
>PoS = piece of shit
Best to stand with Proof of work or proof of randomness. At least PoR is energy efficient.

>>51397620
litecoin is scrypt and they have an asic. ETH is ethhash... they mine on gpus i think. ethhash miners from ETH1 will go mine other ethhash coins.

>>51394322
Sorry chud
Satoshi liked XRP
https://bitcointalk.org/index.php?topic=2080206.0