/biz/ - Business & Finance

>banks are collapsing
>crypto networks are unusable due to txn fees

It's really over this time, isn't it?

>>54889951
Bro we are burning 100k eth per week, there will be literal 0 eth on exchanges by eoy.

This shit goes to 40k maybe more not sure what retard is fuding saying target is 10k.

We literally have - 3% yearly deflation now

>>54889978
LONG LTC due to incredibly free capacity and upcoming halving and ETH due to fee burn

>>54889951
Yeah really the BTC congestion wasnt too bad. 38$ gets you in the next block for a standard SegWit nontaproot txn with a usual number of inputs.

>>54889978
I live in southern Sweden and just bought 40 free range eggs, half a kilo of grass-fed entrecote and 2 liters of unhomogenized low pasteurised milk using one silver krugerrand from a local farmer
the transaction took maybe 0.5 - 0.8 seconds
farmers understand silver and gold, they don't understand crypto
also the people that sell the farmers their fuel and fertilisers (oil monarchs) don't want crypto, they want gold

>>54890027
>low pasteurised milk
Drink raw faggot

>>54889951
And this is Bitcoin
Lmaooo

>>54889978
Unironically whichever crypto can actually deliver the LOW FEES promise that pedolik failed at so utterly will dominate.

>>54890027
Why don't you just own your own chickens, goldbug?

>>54890811
>subhuman pajeets cause economic collapse shilling shitcoins

>>54890811
>business model no longer works
this shit can't be real

>toll road charges $0.01 for every car currently on it, to manage congestion
>so many people on it it costs $1,000 just to use the toll road
>people pay that and keep using it
>OMG that toll road is dead

>>54890811
low iq business model btfo

>>54890027
That is too expensive for one ounce of silver. You been scammed swedecuck.

>>54890811
>this public transaction network has to be used how I want it to and pander to my super special business model
Lmao

>>54890811
dogshit implementation made by total fucking loser LMAO

>>54890839
no try running a business that depends on the toll road for it's success.
either need to shut down services seasonally, when the usage is low, or you need variable customer pricing, which no one would be happy with that service.
so basically, yea, eth is dead.

>>54889951
people are handing out 64 ETH tips and i didn't propose a block in over 3 months, wtf! didn't you fags all want to withdraw your ETH after shapella?

>>54889978
icp solves this

>>54890822
let me tell you about my friend Avalanche
fast, low-fees, actually decentralized

>>54890822
FTM

>>54890884
The price of one silver krugerrand seems pretty even to have all organic products sneed. Keep drinking your goyslop in the mean time.

There are plenty of other chains to use

It's not like ETH and King Shitcoin are the only 2 blockchains

I use Algorand and Matic in my day to day life and their fee's are 0.0001
I don't understand what the complaint is

If the chain costs too much, don't use it?
People are just stuck on some weird ETH/BTC standard that they can't break away from

>>54890822
nothing can compete
>>54890401

>>54891244
>i didn't propose a block
What is proposing a block?
checked btw

>>54889978
shitcoin networks are unusable

xmr is fine

>>54890884
A silver krugerrand is not even 30 bucks, thats quite cheap for all that fresh produce

>>54891507
proposing a block in PoS is just like finding a block in PoW, just that you get selected by the holy RANDAO algorithm instead of crunching through hash inversions.

>>54891532
bruh don't tell them.

>>54889978
>retard uses the network wrong
>overpays because he is retarded
>OH MY GOD ITS OVER!
two more weeks

This is PAPA op, also check it

>>54889982
Why are you idiots trying to build a system of economic transmission on deflation?

Crypto is never going to be taken seriously for anything. It is literally numba go up ponzi.

>>54889951
TWITTER SCREENSHOT THREAD!!! WOWZORS!!!

>>54891532
/thread.

>>54890822
BSV

>>54889951
Kaspa fixes this. Moved 200k$ around yesterday for 20c in less than a second.

>>54892226
Because these idiots literally think
>deflation = number go up (always)
So instead of spending any development effort on improving ethereum (throughput, security, decentralization, features, etc.) they spent years doing two things:
1.) destroying the last illusion of decentralization
2.) adding token burning like any other shitcoin

>>54893361
EIP1559 was implemented ages ago and they implement many EIPs in every hard fork. the recent shapella upgrade implemented 5 EIPs, one of them was for withdrawals (EIP-4895). next big thing on the roadmap is danksharding to leverage L2s even more.
nothing even comes close to ethereum, and everyone in the field knows that. the withdrawal queue of the beacon chain is completely empty, while validators are lining up to join the staking contract. there is nothing like it.

>>54891562
Definition of PRODUCE (noun): fruit and vegetables that farmers grow

>>54893341
Anon until KASPA actually gets used for anything its worth as much as a memecoin. Currently its only function is to get held.

>>54893449
you didn't need to use so many words to say that ethereum is gay. no one reads all of that shit