/biz/ - Business & Finance

Based

>>53196800
this,THIS SO MUCH
* updoots *
* wholesome award *

>>53196800
It’s an e-coin now. No cost in production involved, centralized and fickle monetary policy. I would touch ETH but i would erc20’s. Eth is the gas layer and really nothing more. Anyone still holding eith over erc20’s with utility is either just low iq or too new to understand

>>53198959
This meme isn't saying what you think it is. You don't regard higher efficiency and lower infrastructure costs to establish a node as valuable innovation?

>>53198989
you wouldn't understand!!!! you're just low iq or too new to understand!!!!!!!!

>>53196824
This, but unironically.

>>53199261
Whoops, old chart. It’s deflated since then

>>53199135
Cut deep dinnit?

>>53198959
At the peak of PoW there were warehouses just like that full of RTX cards and ETH ASIC miners.

>>53196800
Eshitreum is not the future. Having to pay high gay-fees just to transact. XRP has a use case and is miles better.

>>53196800
>bearish on btc/eth
buy my premium

>>53199278
Bros does this basically mean eth will stay at 120m?

>>53196800
It's obvious at this point.
>>53198959
A *real* blockchain is secured by 8 digit mining facilities, not these accessible and lightweight home nodes.

>>53199443
Basically. Slight changes over long spans of time.

>>53198959
How is it bad that miners stopped dumping absurd amount of money

>>53198959
which erc20 coins?

>>53201138
>> bitcoin
- promotes building faster better chips and hardware
- helps energy network, green producers with too much energy can use extras to mine.
- mining means open network permission less.
- etc etc
so Bitcoin makes the world advance faster and helps the physical world.

>> ETH
- the rich stake eth and get more eth because they have eth.
- we burn now so the rich get even more rich by doing absolutely nothing just sit on their eth
- banking 2.0 digital boogaloo

>>53201487
Link and RLC

>>53198959
>Top requires gigafactories of infrastructure.
>Bottom can run on your microwave
I dont know, I think I rather my network be so light it can run in the background on my PS1.

>>53202184
You're talking out your ass, man. Staking ETH doesn't just benefit the rich, it benefits all ETH holders. And burning ETH doesn't just make the rich richer, it reduces the overall supply and can potentially increase the value for all ETH holders. Plus, calling ETH "banking 2.0" is a ridiculous oversimplification. Get your facts straight before spouting off nonsense.

>>53202184
>RLC

>>53202184
>promotes building faster better chips and hardware
For solving SHA-256 which is entirely useless calculation outside of Bitcoin. All SHA-256 ASICs do is Bitcoin mining.
>helps energy network, green producers with too much energy can use extras to mine
This currently works, but the same excess energy could be used for generating hydrogen from water. Here's a related Tom Scott video: https://www.youtube.com/watch?v=8UmsfXWzvEA
>mining means open network permission less
Yes, but so does Ethereum PoS.
>the rich stake eth and get more eth because they have eth
They have to keep their validator up and running, securing the network. This is cheaper vs. mining and a lower issuance is needed as an incentive, leading to lower inflation and users/holders suffering less. And you don't have to be rich, anyone can stake through minipools like rocketpool. And if you decide to spin up your own 32 ETH node it's massively more accessible than ASIC mining which is completely industrialized at this point. No economies of scale like in PoW. ASIC miners are the rich ones getting richer (more ROI than small miners (and centralizing Bitcoin mining in the process)).
>we burn now so the rich get even more rich by doing absolutely nothing just sit on their eth
Meaning ETH holders don't leak value to electricity companies and ASIC manufacturers in the form of inflation. Many ETH holders aren't "rich" and even if they were, it's natural that more money makes more money. That's how math works with percentages.
>banking 2.0 digital boogaloo
Bitcoin tried (and still tries) to do it but can't because of technical limitations and community willingness to hardfork. At least we got useless Taproot woohoo.

>>53198959
>big building gud!!!!!
>small machine bad
you need to check your cognitive abilities asap anon
picrel alone can process transactions on ethereum thousands of times faster and more efficiently than anything on the genesis chain
this is all what the mainstream will care about. not some big costly facility

>>53198959
>big building gud!!!!!
>small machine bad
you need to check your cognitive abilities asap anon
picrel alone can process transactions on ethereum thousands of times faster and more efficiently than anything on the genesis chain
this is all what the mainstream will care about. not some big costly facility