/biz/ - Business & Finance

It the future and celestia is cool tech but it has already giga pumped. I will consider buying more at $5.

sounds like BS, I'm supposed to trust some other guy to tell me what's on my own blockchain?

>>58476315
>>58476326
the duality of /biz/

Imagine using something like Elipse in buy and eth token like dick inu at solana speeds while paying .0003 cents in eth gas using eth. That's what Celeatia enables. It's cool useful shit but you'll make be a 10x from current TIA prices if you sell the BTC cycle top? Use things that use TIA and keep an eye out of TIA adjacent plays. I would buy Eclipse if I could because it's going to be yuge but their mainnet token is going to be ETH.

>>58476565
Interesting. Thanks for your perspective. I would shit myself with happiness if it 10x, though. Guess I'll keep holding and staking.

>>58475272
I like them, but the whole cosmos ecosystem is pretty shit price-wise
>t. Kuji bagholder

>>58475272
It has brutal unlocks, a healthy chunk of the supply was sold to VCs at 1 cents per TIA, even at $1 they are still 100x up. It is worth considering in the next bear market, both shorting it and buying when it bottoms out.

>>58476315
Yes this. TIA was good to me LAST YEAR. Now I need some modular AI or modular RWA or some shit whatever the hot thing is

>>58475272
wondering if you can make one of those on Pinksale

>>58476326
you only trust your light node

>>58475272
PoW is king. PoW fast L1 is needed such as Kaspa claims to be.
PoS have too many problems. The biggest one is you need the asset to mine, unlike PoW where you need a computer.
Another is that PoS systems are "centralized" and try to correct it by doing consensus protocols that revolve about good actors and bad actors and democracy-type of shit. I want king shitcoin and some fast L1 pow fair distribution (good luck having fair distribution in 2024). Only kas is the closest to this, and even it still needs so many stars to align that its definitely not a given.
you get it, im a kaspa fan, its the only project since 2017 that I believe in. The rest can have cool tech, but it doesnt have all the propreties for a true potentital candidate for serious adoption on a L1 (PoW)

>>58480418
>unlike PoW where you need a computer
yeah let me hop on my pc and take a gorillion years and vastly more electricity than the cost of a bitcoin to ever win a block and contribute to consensus

>>58480424
ofc you need billions of USD to secure a network for the PoW. It is indeed the main argument against this consensus method. the arguemnt that convinced me is that its about game theory. its a long debate of PoW vs PoS. im team PoW.
ultimately its imposible with 1 block every 10min for it to remain decentralized in a meaningful way. Its a flaw as your comment suggests.
Kaspa attemps to make it better. It is at 1 block per second and is on a good way to implement 10 bps. on testnet theres been tests up to 32bps and the grand dream is 100bps.
with a hugeton of blocks, a small miner is way more likely to be able to mine blocks without needing a centralized miningpool.
if the price of securing a network is in the billions, its not your 1k computer that is supposed to mine blocks, but you also dont need tens of millions to hit blocks.
Hitting blocks is important for MEV and tx order control and the money you can profit from it. Otherwise you can just as well stay with a mining pool..

I dont like PoS because its validators and VCs fiesta.

>>58477453
Yeah I'm aware of the token unlocks in October. I was enticed by the high APY. I was really just looking for a good place to stake some money and earn a good return. Unfortunately I bought Tia at like $15 so I'm fuckin rekt and now have to wait 21 days for the unbonding.