/biz/ - Business & Finance

eth is just vitalik's toy, and if eth goes to 0 it will be extremely funny to him

how does 3% APY sound

Vitalik is a dumbass that couldn't even implement liquid and decentralized staking because Ethereum is spaghetti code.

Ethereum will never be able to implement a staking protocol like Cardano's, which is superior in every way possible.

HAHAHAHAHAHAHAHA

>>56352537
Ethereum is dog shit.

>staking rates at ATH
wtf you mean we can't just reached 1000% of holders staked? METHEREUM DEMONCRATS DID THIS

>>56352570
Validators are literally dropping out you dumb retard kek I can’t even tell you to cope, you don’t even understand. I’m sure you under by now that ethereum has been centralized for over a month now though.

Dumbass post. The validator queue was never meant to be full forever

>>56352537
will the red line start to go up now?

>>56352651
It's at ATH right now holy shit ethereumererums DESTROYED BY FACTS AND LOGIC

>>56352342
Interesting to see the bond yield effecting PoS. Does ETH have a response?

>>56352342
After almost 6 months and 9 million more staked, when people told it will be a mass unlock
Bullish

>>56352342
>>56352376
>>56352414
>>56352537
>>56352543
>>56352651
>>56352675
>8m after you ppl where told everyone will exit and everyone rushed to stake more, que finally clears
>working literally as intended
>can't have 80% staked eth like useless l1s because it's actually productive asset
>ONLY REAL fud of eth was growing validators to fast and slowing p2p overhead/throttling network -this solves it for now
>ppl think clearing backlog is validators dropping out or some shit

Holly fuck from all DUMB biz fuds of eth this ones takes crown, I'm still not sure are you all this retarded or trolling.

>>56352376
ULTRA SOUND MONEY

>>56352342
Wait isn't that a good thing?

Now that the dust has settled, what was the point of moving to PoS.

>>56355196
Yes lol, it’s meant to be this way. Staking saturation has an equilibrium. It’s not meant to go up forever and it’s pretty bullish that so many people felt confident enough in ETH to stake more, when people before all said the amount of validators will crash after withdrawals were enabled. The opposite happened.

I’m pretty sure people in this thread are just pretending to be retarded

>>56352342
>retardalik killed ETH just to virtue signal to the anti-crypto crowd
>they still hate him
Lmao

>>56355230
>why move to POS
99.95% reduction in energy usage (regardless of whether you personally care about the environment or not, this is a big deal for ETH’s adoption); can drastically lower the inflation of the network because staking has lower costs than mining; staking makes the block times static instead of variable; staking opens up new avenues for L1 scaling that are not available under POW. For example, under POS you know all of the validators who are connected to the network and this plays into features on the medium/long term , as opposed to POW where you just randomly receive a solved cryptographic puzzle from somewhere

>>56355230
Because PoW was used as a way to attack crypto by "progressives" at the time. It was hard to attack it during a bullrun so they had to go THINK OF MUH PLANET. Now they don't even bother with that, they just go crypto bad and because people aren't making money they easily agree

>>56355274
>big deal for ETH’s adoption
Yeah by all the progressives who ended up anti-crypto anyway. Why are we catering to them? They just want us weakened so it's easier to kill us.
>lower the inflation of the network
Imagine
That's just marketing, the difference is negligible when you see how much PoS damaged our price action.
>you know all of the validators who are connected to the network and this plays into features on the medium/long term
Yeah features such as ability to sensor and ban. We wouldn't want everyone to be treated equally
>staking makes the block times static instead of variable
If anyone gave a shit about this marketing feature it could've been implemented with PoW. Don't remember anyone even bringing it up then because nobody gives a shit

>>56355274
> this is a big deal for ETH’s adoption
You are a fucking retard, the level of dishonesty is insane. People never had a problem with the energy usage, so there was no reason to change it. See this dumb fucking sphere, it uses more energy than the bitcoin network.
>lower the inflation
How is this a good thing, explain to me how this is good for the economy of ethereum without saying "it makes by bags go up"
>staking makes the block times static instead of variable
What benefit does have
>staking opens up new avenues for L1 scaling
It does not, how does it help with scaling. Scaling is the issue of packing data into a block and without some kind of way to parallelize block storage you will not scale, hence L2s and the idea to store their data on blobs you delete because eth does not have a solution for anything other than a single chain L1 system.
>you know all of the validators who are connected to the network
How is this not a regulatory issue, the good thing about PoW is that you can't be classified as a money transmitter (under US regulation), but in PoS you can.

Not having a good answer for why the switch to PoS was needed should be terrifying to anyone looking in.

>>56355274
>>56355294
>>56355344
My main concern with PoS vs PoW is this. In PoW, the currency is considerably harder to create. In theory (in practice too lol), state actors could print fiat at will and stake ETH or mine BTC.

1. Ethereum: State actors could purchase insane amounts of ETH with near unlimited fiat, without even making the price move up if this is done OTC. Given that PoS doesn't require much energy, state actors are not limited by anything.

2. With Bitcoin, even if the state actors purchases an insane amount of mining rigs, they are still physically limited by energy outputs. So even if you have all the mining rigs in existence, do you also have the energy capacity to run them? To me it's clear Bitcoin is the harder currency.

When staking was released:
>lmao you have to wait many weeks to deposit? Crap system
When the queue eventually clears as expected:
>lmao not having to wait to deposit shows that there is no staking demand. Crap system

trolls gonna troll

>>56354906
>Holly fuck from all DUMB biz fuds of eth this ones takes crown, I'm still not sure are you all this retarded or trolling.
>>56355246
>I’m pretty sure people in this thread are just pretending to be retarded

Reading all this shit and wondering same...

>>56355594
He says as ETH keeps bleeding sats

>>56352342
All I want is eth to hit 8k, is that really too much to ask for? FUCK.

>>56355647
I recommend zooming out, and keeping in mind that we're in the middle of a bear market where typically bitcoin outshines everything by far, and yet in reality bitcoin dominance remains extremely low by historical standards. Times are changing, grandpa.

>>56355531
they can also simply tax eth and stake eth and censor it, and do it on every forks. kek
anyone telling you pos is better is a statist that wouldn't mind a chinese system

>>56355230

so money skelly can print ETH and dump it on bagholders when the time comes

>>56355531
I'd say it's probably harder for a state to buy up enough eth to corrupt it than to constantly attack it via pow logistically still

You know it's a good coin when people here hate on it, well, they have to, because they are balls deep in link and now they are working overtime trying to pump their heavy bags (-90% since ath)

>>56355294
>>56355344
Yup, people here are just pretending to be retarded

>>56356704
If you had an argument you would have mad one.

>>56352342
b-but ultra sound money?

>lost to Kava on the WAGMI mainnet pools
>low staking demands
>99% of new products created with erc-20 are just shitcoins nobody cares about and very few will actually even buy
>nft market is dead
OOOOOOOOOOOO I'M GOING TO LIQUIDATEEEEEEEEEEEEEE

>>56355531
Why would "state actors" need to fuck around with crapto to begin with

>>56355594
This lmao. I don't trust headline threads like these anymore since that one Forbes faggot was exposed for creating dozens of FUD articles for Bitcoin in hopes to drive the price down so he could buy every month or so.

>>56352342
I wonder how people keep shitting on ETH 99% of the time and yet their so called "alternatives" have never really managed to catch on in terms of liquidity, volume, market cap, adoption, etc. Don't you guys find it funny?

>>56359228
>shitting on eth when the whole point of your co-chain is the fact that they bridge eth and atom together
are you fucking retarded, dude?

>>56354906
They are desperately trying to push their trash bags as the next ethereum, failing miserably in the process.

ETH will hit $5K as its new ATH while these shitcoins get forgotten as far as L1's are concerned

>>56359228
This. Eth has been nothing but blunder after blunder.

>>56359244
They were likely being paid by FTX to do so. Caroline admitted as much that she and her former boyfriend were suppressing BTC's price

>>56359228
we... lost...

>>56354906
it's obviously an article made my some tranny trying to fud it.

Ethereum - and all the ERCs - have been utterly rugged by BitVM

>>56352398

No shit. Virgin ETH network with declining price and 3% APY vs. somewhat sexually active traditional savings account at 4.75%.

>>56359321
this makes zero sense. all the trannies are heavily invested in ETH and use MEV to pay for their HRT penis chopping expeditions so why would they FUD it?

think before you post.

Eth will always be around but if you paid attention to the news cycle over the last couple of weeks, institutions are now moving to Solana since it has been proven to be faster and (far) more efficient than Ethereum, most especially with scaling and that Solana game proving it with thousands of transactions at once.

I reduced my eth position for more bitcoin + solana, since that's where the tide is heading atm.

>risk free rates at above 4%
>eth staking yield at 3.6%
do you niggers literally not understand basic finance

>>56352342
Didn't eth get forked by RH? I was wondering when people would switch.