/biz/ - Business & Finance

Linksisters... is this our fate?

>>52628000
never selling, never withdrawing

>>52628000
checked. Yep chainlink faggot referenced what eth staking did as a standard practice.

>>52627989
18 months

>>52627989
thx just bought more eth since they're on forced hodl mode

>>52627989
Anyone seen Baoman lately?

ETH stakers literally got rug pulled...

KEK

>>52628083
Lmao I joined the discord for the first time in like a year and apparently
>Baoman is just totally gone and has been for like 6 months
>Tokens actually unlocking soon at a shit rate
I think I'll just dump mine for like $50-100 or whatever because this shit is overcooked

>>52627989
Dey stole my shit nigga wtf

>>52628000
no, after 24 months of lockup we'll get ChainLink Withdrawals v0.1 where we can withdraw our rewards but not our principal

>>52627989
They got that idea from Nobuaki Kobayashi

What the hell is actually going on at the Ethereum HQ?
Was it all fake promises from the start? Did they promise stuff they didn't know how to implement? Is there drama between the workers?

>>52628364
For a company that takes digital contracting so seriously, why can't the make a real staking contract?

>>52627989
>2024
Lol, as if that wasn't bad enough. They are going to miss on all the new better tech with 100x moonshots.

>>52628364
ETH is a scam and so are all shitcoins since day 1

i would short it but this market is too crazy so wouldnt

ETH is officially digital toilet paper

>>52627989
Vitalik: HODL MODE ACTIVATED

>>52627989
Bitcoin or go fuck your mother.

Don't care, dead chain lmao

>>52627989
Holy fuck this can't be real...

>staking for single digit apy
From my point of view, the staker is at fault

>>52627989
Lets compare ETH staking to Avalanche staking:

>ETH staking withdrawals will not be available right away
Avalanche withdrawals are available since Mainnet launch YEARS ago
>The current plan is to deploy the withdrawal functionality in a software update 6 mo - 1 year after the Merge.
essential stuff like this was never missing on Avalanche, this means you have to stake ETH for up to a year, maybe even longer while on Avalanche you can Stake for 2 weeks minimum or 1 year maximum or anything in between.
>The current projected income rate (for ETH) is around ~4% APY
Running an Avalanche Node has a proven 9% - 12% APY (paid in AVAX) since Mainnet Launch 2 years ago.
If you run a Node you get Staking rewards, % of your delegators rewards and Tokens from validating several Subnets. (The Golden Subnet Bullrun has not started yet).
>Also the withdrawal system will be implemented as a queue to limit the amount of ETH that can be withdrawn per day,
there is no queue on Avalanche, its instant, sub second, its finalized faster than you can press F5. thats all transactions or smart contract interactions on Avalanche, even when you go crosschain between X Chain and P chain and C chain and other Subnets its instant. Sub Second finality.
>Transactions take 14+ Minutes until they are finalized
I repeat: on Avalanche transactions are almost instant.
>Ethereum has Slashing which means you can lose your stake due to a Hardware or Software bug
No such thing as Slashing on Avalanche.

ETH is insolvent?
HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH

>>52627989
>the future of finance

>>52627989
""""decentralized finance""""

>>52627989
what does "staking" even do? They're not validators so... ?

this tweet will make eth mega dump on monday. it'll never re-test 1226
short loaded.
thanks again biz, I don't even have to have a twitter to profit.

>>52629719
Yes they are

>>52629720
You can trade crypto 24/7 bro...

>>52627989
>1 post by this ID.

>>52628303
do you have the sauce on that by chance

>>52628000
Based

>>52628000

I can't believe people are still falling for the staking meme.
>muh masternode

>>52629296
too bad it's been leader-based shit since apricot "upgrade"
>brags about centralized shitchain like a retard

>>52628000
>Linksisters... is this our fate?
Hope so, I'm hoping to make free money off LINK-stLINK LP to assist all the desperate baggies looking to capitulate.

>>52628000
yes it is this is what you get. Game over stinkie.

>>52628012
This

No refunds

lol I put all my ETH into this because coinbase said I should (and I really don't understand crypto). So now basically I won't have access to it for year, and by then the price will tank completely?

>>52627989
This is the real EIP-1559

>>52630286
>Replies: 41
>Posters: 42

Every post in this thread is 1pbtid
This whole thread is fake

>>52630607
Ah apricot FUDbro you're still around? Soft leader, pay a small fee and your tx bypasses the leader. Poor attempt with stale FUD mETH head, stay salty.

this is absolutely bullish
this is why eth isn't dumping that much

>>52627989
Literally repeat of Mississipi ponzi from 300 years ago. Exact same strategy. I'm speechless crypto baggies, why can't you see that all of this is just pump n dump at least, ponzi at worst if you consider manipulation by issuers and exchanges.

>>52627989
ETH stakers: cucked
ETH holders: based beyond all belief
BTC dominance: RIP

>>52627989
withdrawals are already on testnet, the only reason it got removed from the timeline is that they weren't sure what else to pack into the shanghai hardfork.

>muh decentralisation
>not your keys not your tokens
Except when you are held hostage at the mercy of the Ethereum foundation, they shouldn't have allowed staking if you can't withdraw it any time.

>>52627989
>>52628000
Funny how ETH does this shit, but Link gets fudded for it.

>>52630607
Eth is also a centralized shitcoin though so that’s a moot point.

>>52632056
Does any of those cryptos pay yield in USD at least? Or do they simply dillute by printing more tokens?

>>52632136
Neither, they don't pay in USD and the "printing" tokens are locked so they can't dilute.

>>52632170
So wait, people are locking up their tokens and get no yield for it? What's the point?

>>52632174
It's a scam that's why they call it FUD when you notice

>>52632232
I thought they at least used the oldest trick in ponzi scambook, paying yield in the asset controlled by ponzi perpetrator. Financially illiterate people usually don't understand that it's dilutive.
I have really hard time understanding crypto "investors". Is it all just people blinded by greed fueling hopes for quick gains?

>>52628000
lpl

>>52632136
Yield is paid with supply dilution.
Crypto has been this way since Bitcoin launched.

It is technically impossible for the system to pay rewards in USD since Blockchains inherently do not know anything about USD pricing; that's external data.

>>52632767
Ok, so just as I though
> do not know anything about USD pricing; that's external data.
Nah, the real reason is that it produces no value / has no earnings to pay yield with. And so the ponzi perpetrator lures in investors with promises of wealth. Then the peropetrator of this scam pays out yield in the asset he can issue at will, dilluting it and destroying its perceived value. Meaning victims never gained anything in the process and are likely to lose everything once the scam collapses.

>>52632792
Blockchains are closed systems, they literally cannot inherently know anything from outside this system without oracles.
And their security comes from being closed systems.
>dilluting it and destroying its perceived value
lol maybe take a look at Bitcoin's price history.

>>52632814
Every scam in history works that way. Its price goes up based on promises of getting rich quick, and then collapses pretty quickly. Just because something went up in price doesn't mean it has real value, speculative bubbles are a thing.

>>52632827
You said dilution destroys perceived value. Clearly that wasn't the case for Bitcoin.

>>52632814
Also:
> Blockchains are closed systems, they literally cannot inherently know anything from outside this system without oracles.
Mechanism of this scam doesn't matter. The outcome is that there are more speculative assets in circulation. People who want to use those tokens to pay for real world things have to convert them into cash, which puts pressure on selling side. It's really that simple.

>>52632837
>People who want to pay for real world things have to convert them into cash
This applies to all investments.

>>52632834
Yes because people got lured by its price going up and ignored any reason. Add mainstream media promoting it, celebrities, ads. Dillution is destructive to value of the asset, but if scammers are good at selling their snake oil then they can lure in new fools.

>>52632846
There are no investments that reward investors through dillution. Only ponzis do that.

>>52632056
you posted this in a thread fudding ETH about it, lol

>>52630328
based means high on crack, niggerlover

>>52632855
With Bitcoin, it's not investors that get rewarded through dilution, it's miners.

>>52632856
Look at the very first post itt, and then look at my pic.
Link gets fudded 100x harder for something it does less egregiously than ETH.

>>52630241
institutions don't go to work until monday

>>52632834
bitcoin doesn't have dilution there was a max supply that was known from the get go

>>52632877
The only reason miners are "rewarded" is because there are still fools putting their money into this speculative asset. Although this "reward" is up for discussion.
Check Marathon Digital. Barely made money at the top of the bubble. In 2022 they are making only losses while they are $700m in debt.
I understand that to people chasing quick money no reason matters, something going up in itself gives something bubble. But that's the best way to getting caught up in a scam and losing all your money.

>>52632929
> gives something bubble
meant "gives something value"

>>52632929
>The only reason miners are "rewarded" is because there are still fools putting their money into this speculative asset.
Same for literally any investment that gets its supply diluted through work; like gold.

>>52628000
Yep. Join the cuckocurrency revolution

>>52629593
kek

>>52632945
Gold is speculative asset too. Although at least it has miniscule real world usage.
Work in itself doesn't give something value. You're falling for centuries old fallacies. Not wasting my time on explaining it to you further. Not going to learn anything from you and there is no way dissilude the mind of a cultist.

>>52632877
>less egregiously than ETH
so why are they copying their shitty practices then? from the outside it looks like they saw that investors are dumb enough to give up their ability to sell for some vague promises of future gains and they want that for themselves as well, starting with the ones that demonstrated that they would keep holding quietly while their investment underdelivers (i.e. OGs)

>>52632792
>it produces no value / has no earnings to pay yield with
Users find blockspace valuable and are willing to pay for it in the form of tx fees. For example Ethereum burns these fees to offset inflation from issuance. There's very little dilution and even deflation if burnt fees are higher than issuance. There are huge differences between chains though.

>>52632056
absolute moron lmao

>>52632959
>Work in itself doesn't give something value
lol I didn't say this.

>>52632971
There's nothing wrong in principle with locking up tokens for extended periods. It's the delays that are egregious.

>>52627989
ETH bros... how much badger badger dancing do we need to do to make the fudders leave?

>>52632985
>It's the delays that are egregious
correct. so why don't they code in a fixed withdrawal date into the smart contract? it's not like they have to "build withdrawal functionality", that's clearly bullshit.

ETH is the most overvalued non-clown coin on the market atm desu

>>52627989
>influencers
Nobodies word matters except Vitalik

>>52627989
Unironically bullish.

>>52627989
cryptards, will they ever learn?

>>52627989
>POS
>PROOF OF STAKE
>PROOF OF SHIT

>>52631133
>heh 1pbtid aren't real posters
>says 1pbtid
Which massive 1pbtid conspiracy group are you a part of, fellow 1pbtid? We are all a part of some conspiracy group or another, that's how we tell fellow conspirators apart, by making just the one post. It's our calling card

>>52633012
>why don't they code in a fixed withdrawal date into the smart contract?
Because roadmaps in crypto are retarded.

>>52633012
Cuz you aren’t meant to take it out

>>52633001
Paying third worlders is cheap and effective, and they will never go away. All Eth killers have the same one enemy and the few Eth proponents on /biz/ don't have the time and energy to fight all of these shill armies and their brainwashed parrots. It's kind of sad what /biz/ turned into after 2021, no surprise most of us left this place or come here much less.

>>52627989
why is no one talking about this

>>52631133
You know this is an autistic child slave factory in tebukistan, right? Talking to each other by more than 2pbtid means you’re gay.

>>52633393
It's insane how little attention ETH is getting for this. Especially compared to Link.
see >>52632056

>>52629791
they're running nodes?

>>52633803
>validator nodes are running nodes?
The state of tech knowledge on /biz/

2023-2026 is going to have a lot of eth killers again. Bullish.

>>52628364
Vitalik is a 30 year old pedo who claims to have invented eth in his basement when he was 22, only idiots thought he was on the level.

Same with Sirgay and Mark Cuckerberg.

>>52629719
It's like sending your Bitcoin to a burn address except the devs intentionally tricked you to dump bags at a higher value

>>52633866
Coinbase is running a node and your money is gone, sorry goy

I can't believe people fell for this

>>52633950
What do you mean? You make no sense.

>>52633976
ETH nodes are too expensive to run so everyone deposits in Coinbase to stake.

This is why ETH is controlled by regulators, why they can't do coin mixing, etc.

>>52627989
POS is a scam they never should've have abandoned pow

>>52628012
well in that case I offer staking too send me some money.

They are doing them a favor, withdraw only after eth is at 10k.

Imagine putting in all the effort to understand crypto, blockchain, smart contracts etc. just to be scammed at the end over and over again.
seriously I've been coming here for 3 years now and all coins, ALL COINS that were shilled heavily over this time turned out to be scams. like how long are you guys going to play this game of PnDs, exchanges blowing up and ponzi schemes. dont you get tired? the crypto space is filled to the brink with scammers, liars and criminals. kek I wouldnt be surprised if this craig wright guy really turns out to be satoshi because he's known for fraud and lying.

>>52634048
You are parroting the same FUD points without having any understanding how Eth PoS consensus works.
>ETH is controlled by regulators
Proof? How is the protocol affected? How does Coinbase being a big validator affect consensus? Ethereum doesn't care about OFAC.
>can't do coin mixing
You absolutely can. Nothing in consensus/protocol rules prevents using tornado cash. If a validator doesn't want to include a certain tx that's his loss of tx fees, some other will take it. Solutions like PBS and crlists are being built.
>>52634129
If /biz/ is your entire view of crypto, you'll lose money. Everything inorganically shilled/advertised on /biz/ should be a big red flag. By now you should've learned this and only use it for comedy.

>>52630827
>>52632056
>>52628013
>>52628000
The Top 3 Possible Chainlink-Staking Outcomes:

1.
>staking finally arrives
>unstaking requires Level 70 VAXXPASS™

2.
>mandatory staking
>lock-in period: 3 years
>may never unstake

3.
>no staking ever comes
>the Great Reset is dead on arrival and Chainlink goes to zero

>>52627989
No coiner here, what does it mean?

>>52634419
it means low iq ppl can fud eth

>>52632877
Alright let me explain something to you schizo link niggers. The reason I fud you faggots so hard is because you’re the most smug, annoying bagholders on this board, aside from maybe ICP holders. Continuously acting like your token, which isn’t needed in any way, shape, or form for oracles, is anything more than a boring ERC20 token. mEthheads don’t ever fucking talk about eth, or post cope thread after cope thread despite Ethereum actually revolutionizing the crypto space in a way the link token cannot ever do, and do you know why they don’t? Because they bought Eth at the ico, and made millions, while linkniggers got dumped on at $50 by Sergey and have been bagholding down ever since ath. Now you desperately shill so someone will pump your bags. Every single piece of news that comes from Chainlink labs is bearish as fuck, and your missed the largest bull run of all time holding link because their dev team doesn’t give a fuck about the token. Yet you niggers still come here coping and pushing your scam token while mEtheads almost never make an eth shill thread.

>>52633329
stfu you fucking pleb this boards was always irrelevant

>>52628012
>never selling, never withdrawing
Right, not like you have a choice anyways.

>>52632792
>>52632814
The proper way to do dividends is to create a token as "stock", and them pay ETH dividend from the treasury. Of course that does nothing about shenanigans that can be done to ETH itself but that's literally same with fiat.

>>52634504

>>52628012
never allowed to sell, never allowed to withdraw*
ftfy

>>52634283
Go back faggot, we are here to make money

>>52634785
he's right you dumb broke fag , cope some more

>>52633866
>>52633950
Is the "staking" only on coinbase?
I thought there was some onchain "staking" that was different from validation, where EFoundation wanted so much staked to start the merge.

>>52633252
are you saying that they still have to implement withdrawal and that implementing it will take roughly 2 years and it's so complicated that they can't even commit to an exact date? that's ridiculous, they can't be this incompetent. the much more likely scenario is that they could just have allowed unstaking from the beginning, but they thought they could get away with it like etereum did, curbing the sell pressure a bit so they can dump higher

>>52634985
The point of staking is you can't unstake until a future condition is met.

>>52635098
and stakers have to just trust them they will meet this condition in the announced time frame? what happened to truth over trust?

fuck staking im so fuckin sick of this shiet

>>52627989
The old mETH posters were right

so you pay real dollars to then have those dollars frozen for many years with no date when you get them back?

is this correct?

>mfw I can't stake because it's illegal where I live so this has never been an issue for me

Th-thanks government...

>>52636271
no you see, the point is that you can't unstake until a future condition is met. that makes it ok

>>52634129
>Imagine putting in all the effort to understand crypto, blockchain, smart contracts etc. just to be scammed at the end over and over again.

I dont bother to learn it because what is the point of knowing abourt the technical details of playing with fake money

>>52635098
the point of staknig is to get a passive apy. when you cant get back what you put in and get get back the interest then you're just giving them your money until they are ready to give it back after they are done playing with it

>>52630302
>more molech stars
why is crypto infested with this symbol?

>>52635389
You can't develop trustlessly, you complete and utter turbotard lmao

>>52636344
>when you cant get back what you put in
You obviously can get it back after X amount of time, this is the same for all staking.

The future of finance ladies and gentlemen

>>52636431
X = an undetermined amount of time right? no one would agree to this in any situation. any sane person would want a payment for their investment and a return date. This is the whole point of smartcontracts btw to remove risk

>>52636431
>can't develop trustlessly
are you saying that they are so incompetent, they couldn't encode the upper time limit they set for themselves (2 years) in the staking contract as an upper bound where withdrawal becomes possible? that's like tutorial level complexity. they clearly could have done this, but they chose not to

>>52636661
>they couldn't encode the upper time limit they set for themselves (2 years) in the staking contract
No because roadmaps are retarded in crypto, as proven dozens of times over.

>>52636609
>any sane person would want a payment for their investment and a return date
Nobody ever has a set date for a certain return on investment.

>>52627989

There is a very fast way to fix this: someone needs to write a patch for all the existing stakers to refuse to include or follow a consensus that includes any transaction involving Vitalik or his related entities like the ethereum foundation.

"You freeze our coins, we freeze yours".

But eth users are too cucked to do anything like this.

>>52636370
Retard who can't into sacred geometry

>>52627989
>mfw all eth-stakers gonna get slashed due to some unforeseen consequences

>>52636766
>There is a very fast way to fix this: someone needs to write a patch for all the existing stakers to refuse to include or follow a consensus that includes any transaction involving Vitalik or his related entities like the ethereum foundation.
Well this would be awesome, and knowing Vitalik would lead to all of them being slashed as per my previous post.

>>52636715
>Nobody ever has a set date for a certain return on investment.
except every fixed income product ever, right? https://www.investopedia.com/terms/f/fixedincome.asp

>>52636715
>No because roadmaps are retarded in crypto, as proven dozens of times over.
that doesn't require a roadmap. it requires a trivial change to the contract, but more importantly it requires the will to do so. they just saw that suckers were willing to give up their ability to sell with ethereum and thought they'd try that on their own investors as well, because they think they are as stupid. arrogant pricks

>>52636996
>cries about 2 year lockup
>posts link to products that have lockups lasting 5, 10, ... years
lmao

>>52637029
>that doesn't require a roadmap
It requires setting a deadline.

>>52637072
nope, there are 2 year treasury notes as well, but that doesn't even matter: you can always sell bonds, you don't have to keep them to maturity. now i see why you think this staking thing doesn't suck, you are clueless about the alternatives

>>52637406
>p-pls don't stake, buy bonds instead!

>>52627989
Crypto is not a ponzi, You buy BTC and nothing else, you also dont buy tops but we all know you kids rely on daddy to keep a roof over your head.

>>52637432
it's better to stop posting now, you have embarrassed yourself enough

>>52628000
>eth fud
>quick make it link fud

Classic biz

>>52627989
>still holding ethereum

>>52637724
this desu. hes probably from CLL. they are rampant on the board trying to convince everyone its a good thing to lose access to capital for two years

>>52636492
>ladies
trannies

>>52630607
it's not leader-based. Simple proof is that if it was leader-based then it would have MEV like all non-Avalanche consensus based networks.
>centralized
ETH 2.0 has a Nakamoto coefficient of 3 making it one of the most centralized smart contract coins, narrowly edged out by Polygon which has NC = 2. Avalanche, on the other hand, has a NC of 30+ which makes it the most decentralized smart contract networks if you don't count ADA(which you shouldn't, fuck Charles)

>>52636786
>crypto loves sacred geometry
they are stars of molech because crypto is jewish you fat slob

starting my validator later this week. brokies coping itt

>>52628364
>Ethereum HQ
>HQ
????????????????????????????
my buddy, there is no HQ
core devs is formed of multiple separate teams
we have a cold war between erigon (russian) vs geth (north american) to see how has got the best node software
erigon is winning

>>52638934
*who has got*

The ETH blockchain is not immutable, When $50MM DAI got hacked Vatalik 'surgically' rolled back the blockchain.

Imagine believing in this complete shit show of a coin

>>52627989
Proof of stake....?
Anyone?

>>52638614
it would be fine if two years max was guaranteed by their smart contract. you know, the thing they always preach. but trusting them instead of having the truth in the contract, just why

>>52628000
checked and prophetized. ETH was always a distraction to keep retail away from bitcoin while the big boys gained control.

>>52638934
Which team will allow you to cash out?
Or is that against the consensus, lol.

>>52632827
>Every money in history works that way.
FTFY