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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56499052 No.56499052 [Reply] [Original]

>Someone mentions ETH
>BTC guy shits on ETH
>Here comes FEES ARE TOO DAMN HIGH guy
>Someone tryes to explain l2 scaling and whole blockspace thingy
>Gets dunked on by L1 baggys from chain literally noone not even them uses
>Gets dunked by FEES ARE TOO DAMN HIGH guy who won't engadge in debate he's here to spread FEES ARE TOO DAMN HIGH message
>Some guy does Vitalik pedo joke
>L1 bagholder (95% down, 66% down vs ETH or something) tells you how ETH is old and dumb and his ghostchain bags are future
>Spaghetti code guy does his bid
>Next L1 shill, goes to war with OP and L1 shill from before
>Thread is in mid phase now, some random retard quotes Bitcoins standard as holy bible
>Now comes part when someone shills random ticker you never heard about
>Someone pops up to actually reply to everyone above with facts and logic
>gets dunked by L1 baggys spitting usual propaganda (it was speed before now its how l2s are retarded or something)
>gets dunked by BTC zelots (it was no use case and nOtMoNeY before now it's POS sux NoTMadeFroMEnErGy with dash of rich get richer or something)
>Some random shizo with ETH is WEF or FED coin pops in
>Some guy (class '23) pops up and starts asking every shill above (class '21) genue questions like we all are still having human conversation at this point
>BTC guy is back to explain you how abandoning miners killed ETH
>Again part where someone shills random ticker you never heard about
>Part where class '21 blockchain expert mansplains you why ETH sux balls
>thread dies

Opening ETH threads on biz is like reliving last 6 years over and over again, fucking groundhog day of circular reasoning by far left side of the curve

>> No.56499253

>>56499052
I’ve come to agree with CZ that liquidity is king.

>> No.56499259

>>56499052
Amazing thread OP. You are a /biz/ scholar. I mean it, this thread is hilarious only because it's so accurate.

>> No.56499304

>>56499052
Lmao pure sweet and sour sauce

>> No.56499308

>>56499052
Ethereum is shit for many reasons tho and its funny how Eth cucks are still ignoring it.

>> No.56499309

there is no second best

>> No.56499313

if you open too many eth threads, link holders won't be able to argue about double standards anymore. that can't happen, it's the only thing they have. please be considerate of the link bagholders

>> No.56499325

>>56499309
it happens all the time in tech that something gets replaced by something better along the way.
just accept that Vitalik fumbled it, he had many many years to come up with improvements when he barely had any competition but overall only made things worse.

>> No.56499516
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56499516

>>56499325
>"Facebook/Betamax of crypto"
Fuck forgot to add this. will include in future pastas, tnx retard


Argument that Vitalik fucked up ETH development by mind unable to comprehend how software is developed or how that ETH is competitive environment on protocol(5 execution and 5 consensus clients) or application (1000s daps) layer

>> No.56499537

>>56499052
Your assessment is pretty accurate. I do however hope you have learned from all of this that ethereum isn’t perfect either. I still think eth pos was a mistake, I also doubt it will ever make a new eth btc ATH, yet I still think eth is the only other coin aside from btc that has any semblance of legitimacy to exist in its current form.

>> No.56499615
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56499615

>>56499537
ETH biggest superpower and weakness same time is opensource and transparent shitshow of development and tackling hard problems in open and transparent way polar opposite from buying shitcoin bags and praying devs deliver on unrealistic promises.

It's so far from perfect I agree, but real fud is beyond scope or comprehension ability of biz retards so that's not point of this thread, you can debate pros and cons of pos (yes its nuanced topic imagine that lol) or speculate will it overperform/underperform btc all you like, only real peak Dunning-Kruger champions will be captured in green text pasta

>> No.56499632

>>56499615
the real dynamic is far more simple.
btc - for several factors - managed to capture the SoV position and began to optimize for that.
eth - by nature of *not* being able to capture SoV position optimized for 'utility'
This puts eth in the uncomfortable position that its valuation will be inherently tied to its utility. The same is not true of BTC - it only needs to be secure + scarce.
In short eth is a wagie coin.

>> No.56499823

>>56499516
>how software is developed
eventually someone comes along and develops something better.
like I said, happened many times.
you can cope as much as you want but doesnt change anything I said.

>> No.56500504
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56500504

>>56499823
>eventually someone comes along and develops something better.

>"Facebook/Betamax of crypto"

You are in allready stop trying so hard
NEXT