/biz/ - Business & Finance

>>54429911
an example of effective taxation

>>54429911
ETH is mostly profit-maxi faggots who have forgotten, or never even adopted, the cypherpunk ideals, but there's no getting around the fact they have created the hardest money in human history.

>>54429919
correct, ethereum is a tax on bitcoin

>>54429911
The Ethereum PoS model will be what nations base their CDBC regulation after.
>look goy, we had unlimited money printing, sure, and that's what caused the dollar to crash
>but look! Now we have a way for currency to self-regulate!
>won't you shake a poor sinner's hand?

>>54429923
>profit-maxi faggots
it's become this weird cult where the central dogma is making profit and using it for public goods

>>54429923
ethereum is bad money with supply that change meaning it can go down as well as up, useless

>>54429936
LOL WUT?

>>54429988
yeah I wouldn't say it's necessarily a bad thing. extracting value is a moral good when doing so keeps that value out of the hands of bad actors and is instead repurposed for bettering the world

>>54429932
Kek @ pic

>>54429985
it’s communist jew money. There’s a reason WEF agenda aligns with eth

Kind of funny how the ETH merge FUD threads basically stopped after the graph went negative.

>>54430153
The FUDders are running out of material

>>54430153
Not to mention the OFAC compliance ones.
It was such a short turnaround from BTC maxis saying:
>OFAC bootlickers your chain is cucked by the government
to
>Mr SEC look at all the naughty securities! Please Mr Government do something!

The current crop of BTC maxis are the worst thing about it.

>>54429923
I just like smart contracts and managing my own capital. I've been yield farming since 2020 and it made me a fuckload and I see no reason to stop. Never giving my money back to a bank.

>>54430218
kek very true

How much of a dump do y’all think we will see after staking unlocks? I know there’s a lengthy queue to exit so it won’t happen all at once, could take months

wait what the fuck have they been burning my ETH? I have to fucking sell

>>54430458
Yes, the consensus mechanism decides whos eth will be burned every 8 mins. Yesterday it was decided to fuck you over and burn your eth. Tough luck

>>54430024
eth foundation and consensys are literally JPM and Goldmans you fucking retard, how is that "keeping value out of the hands of bad actors," it's exactly the opposite

>>54430458
Lmfao shouldve bought xrp jackass. They dont burn, they just dump. So you still hold the coins

>>54432134
Who fucking cares you nerd, as long as they pump our bags

>>54429911
>that graph
>-0.114%
Kek

>>54432878
What’s the USD supply done in the same time?

>>54429919
Except the tax is distributed to holders through supply deflation. Its a tax on those who make frequent transactions, which is exactly how it should be to decentrivize spamming transactions.

>>54433059

so eth is worthless as a crypto currency, great

>>54431994
>>54432199
I looked on my trezor and all my ETH was gone so I went to bed feeling like shit and hoping it was some bad joke but now I'm awake again and it's still not there.. how could money skelly let this happen bros, fuck I have nothing now

>>54433376
The opposite. Eth is a gas token. If you want to use eth as a CURRENCY, then you should use a payment system like raiden. You get instant, low fee, infinite throughput payments and benefit from the eth base layer deflation on top of that.

>>54432870
Your post sums up why Ethereum is gay and absolutely doomed to fail

>>54429911
unironically super bullish

>>54429911
>thoughts on Ethereum
None, as Ethereum is a non-entity and has been discarded as entirely irrelevant post-merge. Never forget, PoS = Piece of Shit. Simple as.

>>54434089
PoS is better than PoW, just isn't as battle tested and more complex so harder for most people to understand why its secure, and easy for smaller projects to get wrong.

>>54434219
>PoS is better
>You just don't understand lol
Do schizos really

>>54434273
It has more security without having to mine. The only advantages of PoW is that its easy to prove its secure and its run bitcoin with no problems for 10+ years and PoS is newer so there is the chance that there is an issue with PoS we don't know about.

>>54434310
>It has more security
ETH schizos genuinely believe this. What other financial advice have you taken on this board? Asking for a hedge fund

>>54434345
It is. PoW is vulnerable to 51% attacks or other reordering and forking, PoS is not because validators can't fork they are just penalized. PoW only really has 1 theoretical advantage in that you can determine what is the genesis block based on the longest hash. But this really only applies to bitcoin since it was the first crypto. All other cryptos you pretty much have to just define the genesis block. Can you name a single advantage of PoW?

>>54434452
I mean based on longest chain not hash

>>54434472
Just not gonna mention that those who have the most ETH have most power and it is probably some of the banks BTC and crypto was actally made for to make obsolete lol
It would be way easier for a entity to buy 51% of eth than to gather 51% of mining power nigger
Not to mention vitalik can just change supply and issuance at any time if he wants to

>>54430209
LOL, can you believe these noobs trying to FUD this rock-solid blockchain? It's been through the wringer and those so-called "killers" couldn't even come close to taking it down. I'm all about staking on the best DEX protocols out there, like Uniswap for the Sylo LM pool, Aave, and Curve Finance. So much more potential, bruh!

>>54434537
Except 51% is not as bad in eth. You can't fork and double spend in eth with 51% like you can in PoW. But high hash power also means the ability to control what transactions are included in blocks. Now eth does have that same problem, but currently its no worse than bitcoin (and eth will solve it in the future with proposer/builder separation). Plus you can buy the most eth or can buy the most bitcoin miners, its the same problem. Its much harder to buy a lot eth without skyrocketing the price than it would be to buy miners to censor bitcoin transactions.

>muh PoS will never come
>muh PoS Ethereum will die in 2 weeks
>muh muh muh
Ethereum FUDders are absolute bottom of the barrel retards. No one will ever use your ghost chain ethkiller VC scam and Bitcoin will never have DeFi. How long will you keep fighting against the reality that Ethereum has solidified its position as the clear market leader. Cope and seethe.

>>54434623
meds

>>54434592
You keep your unregistered security premined OFAC compliant and censored shitcoins then..

>>54429911
>Thoughts on this
eth is gay, to put it simply

>>54434694
Imagine being this retarded of a parrot. Market has proven you wrong for years and will continue doing so. OFAC censoring is outdated FUD and crying for SEC is the most anti-cypherpunk thing ever. Enjoy bleeding against ETH faggot.

>>54434761
Eth is a dead memecoin, it can't even pump relative to Bitcoin. Check eth/BTC ratio. Only retarded bagholders arent bearish on the eth shitcoin factory right now

>>54434761
ETH/BTC is literally breaking down, just wait till all these staked coins and rewards unlock KEK
If censoring is your thing why be in crypto anyway, are you really this retarded?

>>54434694

>Ragequits

Bitcoin maxis, ladies and gentlemen.

>>54434794
check the price faggot and tell me how much it "didn't pump" from it's lows

>>54432134
>>54432870
Personally, I've increased my investments in the Ethereum ecosystem after discovering the ties it has to big government and wall street banks. After watching the US banking crisis, I've never been more bullish on traditional, legacy finance and Ethereum provides a new and innovative way to get exposure to this old and lucrative trend.

>>54434794
>>54434825
>ETH/BTC
It was supposed to drop 80% in a bear market but all it has done is crab for 1.5 years. Go look at the chart ffs. Once it does a March/April 2021 run on the ratio it has easy chances of flipping Bitcoin, and oh will you seethe hard if it does that.
>censoring
0 transactions have ever been censored on Ethereum. Imagine still parroting the outdated OFAC censoring FUD. Just like on Bitcoin, block builders can choose which txs to include or exclude, this is why both Ethereum and Bitcoin are called censorshipRESISTANT not censorshipPROOF.

>>54434623
>ETH will never get ICO funds
>ETH will never recover from the hack
>ETH will never have real use cases
>ETH will never be cheap and fast to use
>ETH will never scale
>ETH will never implement EIP 1559
>ETH will never merge
>ETH will never allow withdrawals (YOU ARE HERE, but not for long)
>ETH will never hit 10k
>ETH will never become the global settlement layer
>ETH will never flip Bitcoin
>ETH will never hit 50k

>2025 bullrun
>eth 20000$

>>54429911
they'll end up changing the tokenomics yet again, it's useless that the supply is deflationary at the moment

>>54435000
if you were right about a single thing in any of your posts you wouldn't need to seethe so much. wtf is wrong with ethfags anyway? are they really schizos? what is being done about this? can vitalik do something?

>>54435235
I'm just tired how retarded /biz/ is when it comes to eth. And I get angry when I'm hungry.

undervalued in sats

>>54435279
get that snickers bar, queen

>>54433407
>trezor fud
How did that happen anon?

>>54429911
the market doesn't care about this at the moment, but it will at some point

>>54436296
yeah, just two more weeks. btc maxis will shut up forever when the flippening starts, right bros? it's literally happening and there's nothing anyone can do to stop it, I can't wait. Flippening, here we come. So exciting.

>>54429911
bullish and eth will easily surpass 9k as soon as next year.

>>54434694
Ok, so you'd rather have PoW just because the government told you to?

>>54436525
your estimate is too low and is FUD to be honest. the flippening will cause the price to go parabolic. we're talking 1000x or more from the current price, literally overnight. imagine how mad BTC maxis will be lol

>>54436536
I only put my money into trusted financial institutions like JP Morgan Chase and Goldman Sachs. That's why I can trust the Ethereum network. /biz/ will never understand this.

>pixels on the screen on a videogame has a better deflationary mechanism than fucking ETH
You're investing in the wrong market.

>>54436555
I JUST COOMED but there is no way we'll see a 1000x overnight on ETH price unless the hyperinflationary scenario proves to be true. Thats XRP holder tier schizophrenia, I do think 10k is Fud though.

once Ripple wins the lawsuit. its over for ETHchuds. cant wait for you guys to jump to the premiere crypto and pump it.

>>54429923
wrong
>>54434089
this

>>54435000
checked your trips, doesn't change the fact that that dump is still coming when all the ETH unlocks, you really think no one will sell? nigger please.

>>54429923
ETH is mostly gay-maxis and ETH will never be considered money by anyone other than bagholders. What is this delusional cope?

ETH devs hand you and want to see you genocides

Not sure why whites would want to participate outside of pump and dumping

>>54437098
*genocided

>>54430218
bitcoin has ofac compliant blocks too. I never understood why bitcoin maxipads think there is something specific about ethereum that makes it vulnerable to ofac compliance. it's even funnier when they say that ofac compliant blocks are due to proof of stake. they're actually due to having a transparent ledger where miners or validators can choose which transactions to include. you can't prevent ofac compliance on bitcoin or ethereum without hard forking to make them more like monero. it's like the maxipads are just retarded and don't even know how any blockchain works.

>>54437778
Its just a bigger problem on eth because eth has defi and so more MEV with centralized relays. If/when bitcoin gets defi then it will have the same problem. Flashbots just started to be ofac complaint right before the merge so people think it was a PoS thing.

Ethereum is my favorite unregistered security, and one of the best securities currently available on any market, anywhere, not just crypto. Prove me wrong.

>>54437999
checked, trips confirms this is true. eth really is a security

>>54437999
if ripple loses its ogre.
if ripple wins you miss the moon and ethbaggies still lose to xrpchads. sure you might double or triple your money and thats about it.