[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 155 KB, 2500x1715, ethereum.png [View same] [iqdb] [saucenao] [google]
10672540 No.10672540 [Reply] [Original]

>it's below 300

Why is this happening /biz/?

>> No.10672553

hopefully all the scam icos exiting to never come back

>> No.10672573

Do you realize how much eth ICOs have?

And do you realize how expensive it is to run a startup?

The chickens are coming home to roost.

>> No.10672583

A little context
>>10672291

>> No.10672596

Every ICO is exit scamming

>> No.10672605

VeChain exit scamming

>> No.10672608

there are handfull of icos that hedged sometime ago. Now you see a bunch of icos panicking because they didn't.

>> No.10672609

>>10672553

THIS.

When ethereum shake out all the faggots, we will have ETH on the cheap for real holders.

>> No.10672610

>>10672540
ICO bubble about to explode

>> No.10672613

>>10672540
If it hits 250 USD I'm taking a loan, lol

>> No.10672676

>>10672613
literally stealing

>> No.10672707

CHEAP ETH,

THIS IS WONDERFUL

>> No.10672743

>>10672676
>>10672613
>>10672707
I thought I was buying cheap at 360, now I'm scared boys

>> No.10672745

>>10672613
>>10672707
>cheap
oh my sweet summer childs... btw i warned you faggots to dump your shiteth over a week ago all i got was autistic screeching. Enjoy those bags

>> No.10672781
File: 249 KB, 600x765, 1514966545147.jpg [View same] [iqdb] [saucenao] [google]
10672781

Dumped at 420. Feels good goy.

>> No.10672819
File: 13 KB, 808x211, FFFFFFFFFUUUUUUUU.png [View same] [iqdb] [saucenao] [google]
10672819

pic related. this is still being discussed on github but once enough people catch on, you're going to see $0 ETH

>> No.10672851
File: 51 KB, 500x195, hate-him-marx.jpg [View same] [iqdb] [saucenao] [google]
10672851

ICOs are dying and dumping.

All hail the age of mined tokens

>> No.10672862

>>10672819
>it costs 0 gas to run no transaction

No shit?

>> No.10672882

Because there's no one actually USING crypto.

>> No.10672902
File: 186 KB, 1206x454, shit.png [View same] [iqdb] [saucenao] [google]
10672902

it's really happening

pic related. these are real transactions.

>> No.10672912

>>10672540
All the Scam ICOs are heading to the exits.

>> No.10672920

>>10672676
This.

>> No.10672925

Link exit scammed, dumping all their eth

>> No.10672930

>>10672745

Eth can't die unless crypto dies.

It's not going anywhere, it's too large to fail.

>> No.10672985

>>10672609
This. The strong ones that will make it doesnt fear the red.

>> No.10673042

>>10672540
They have so many bugs in the code that when you fix one, five will appear. Oh and they figured out casper will ruin the consensus mechanism. Atleast like five years of development is needed for ethereum to be usable for anything other than scamming people. I mean you guys remember during the bullrun Vitalik told everyone to be really careful with their money and that ethereum is really worth like 70$ max? The man didn't want any of this, he just wanted to change the world with his code not make a Wall Street style ponzi... I spoke to him at a conference and he was really reluctant to discuss the financial side of the project and you could tell he felt like shit when he saw all the scam ICO's popping up on his platform taking people's honest earned living. The man's A SAINT in real life, I really could see his empathy. But it'll come back, they just need some time.. actually the whole of crypto market does. PS: bought eth at 0,5 cent up until 10 dollars and have been following the project since the inception.

>> No.10673077

is there any way to tell if my particular shitty alt is selling a shit ton of eth right now?

>> No.10673157

is there a way to pump eth price back to 900$ so i can cash out my 20eth. I literally only have 1/3 of my investment.

>> No.10673192

>>10672540
Shit boys Link is already becoming the next ETH, it was foretold.

>> No.10673223

>>10672930
Who has the money to prop it up? The miners aren't going to do shit because they know the devs are going to fuck them asap.

>> No.10673237

>>10673192
Link can't even launch a website without spelling mistakes

>> No.10673251

>>10673237
what did you expect?

>> No.10673289

>>10672930
LOL good joke. By the time the next bull run comes Eth and every other shitty alt is going to be dead as fuck and there will be new alts and ICOs to scam people out of money. If you're going to hold crypto at all, hold BTC

>> No.10673301

>>10673289
yeap. Any other blockchain that can do the same shit as ETH. crypto truly is a ponzi

>> No.10673519

>>10672540

How many unbanked people has Ethereum banked?
More
How much censorship-resistant commerce for the common people has Ethereum enabled?
How many dapps has Ethereum created that have substantial usage? Low added value *per user* for using a blockchain is fine, but then you have to make up for it in volume.
How much value is stored in smart contracts that actually do anything interesting?
How many Venezuelans have actually been protected by Ethereum from hyperinflation?
How much actual usage of micropayment channels is there actually in reality?

The answer to all of these questions is definitely not zero, and in some cases it's quite significant. But not enough to say it's $300 levels of significant. Not enough.

>> No.10673552

>>10672819
number of transaction pls

>> No.10673688

>>10672540
ITS NOT SCAM ICO’s.

https://etherscan.io/tx/0xc921fafff47106c2489e2f78f648dbb426a36ea289f770cd2a9093e02b030f1f

We are fucked.

>> No.10673700

>>10673552
https://etherscan.io/tx/0xc921fafff47106c2489e2f78f648dbb426a36ea289f770cd2a9093e02b030f1f

>> No.10673725

>>10673519
FUCKING IDIOT SAYING BUZZWORDS WHILE THE NETWORK COSTS

>> No.10673735

It getting declared a security, everyone involved with it is going to jail, and massive lawsuits against every ICO are coming

BTC is the only coin

>> No.10673737

>>10673700
Read already this pajeet, 0$ cost not a big deal:
https://blog.ethlend.io/how-to-make-transaction-on-ethereum-network-with-0-5f5dedac872b

>> No.10673752

>>10672819
>https://etherscan.io/tx/0xc921fafff47106c2489e2f78f648dbb426a36ea289f770cd2a9093e02b030f1f
please explain what it means
miners will stop receiving payouts?

>> No.10673760

>>10672540
Unironically I think it is the countless scamcoins teams dumping their ICO ETH

>> No.10673791
File: 543 KB, 1414x887, ethereumdevs.png [View same] [iqdb] [saucenao] [google]
10673791

>>10673519
>How much censorship-resistant commerce
this is a joke right?
ETH censorship resistant?
It forks whenever it's convenient for the ethereum foundation
developers brag on twitter they will fuck with you if they don't like you

>> No.10673822
File: 483 KB, 2000x1333, 1 ZBwgMHuXDCzIc-2ZMacbEQ.jpg [View same] [iqdb] [saucenao] [google]
10673822

>>10673752
>miners will stop receiving payouts?
lol they'll stop getting mining fees but the inflation keeps coming
at least now eth can advertise they're no fee to transact on chain

>> No.10673846

>>10673752
Until it gets a patch to prevent free transactions and it's hardly as if the miners will delay accepting the patch either.

>> No.10673883

>>10673846
Any examples of zero fee while sending more than zero?

>> No.10673890
File: 1.78 MB, 400x279, 1534148358102.gif [View same] [iqdb] [saucenao] [google]
10673890

I bought ETH at 745$ thinking "this is it, Ethereum can't go any lower".

Then I bought more at 500$
Then I bought more at 400$
Do I have a gambling problem, /biz/?

>> No.10673902

>>10672819
this is the dumbest eth fud I have seen

>> No.10673920

>>10673890
I bought a little bit below ATH

>> No.10673922

>>10673846
>>10673822
Read this you fucking scamers:
>>10673737

>> No.10673940

>>10673920
That was months ago though...
You haven't been continually buying little bits here amd there along the way?

>> No.10673949

>>10673890

Thinking a bubble pop was only going to go down 40ish% wasn't the best move.

>> No.10673975

>there are people who bought at $1400 and are still holding

>> No.10673983

>>10673949
Around March, I figured it was a "price correction". Around mid July I began thinking it was the time to accumulate...
Now I am just reading FUD and am sweating hard but I have more fiat ready to go in deeper...

>> No.10673990
File: 466 KB, 1316x887, CB1F2BAD-E02A-4620-B138-2CCC147EB39F.jpg [View same] [iqdb] [saucenao] [google]
10673990

>>10672613

>> No.10674010
File: 15 KB, 320x320, 1532763997287.jpg [View same] [iqdb] [saucenao] [google]
10674010

>>10673890
gamblers win sometimes, whereas it appears you obtain your thrills from throwing your money into a bog

>> No.10674494

>>10673042
Holy shit a /biz/ anon that isn't worthless. Thanks for your insight

>> No.10674573

>>10673983
Good move. Watch close. Bottom out soon and a near decent time to dollar cost average... I’m going on heavy again here soon. Plan on minimum 5 year hold.

>> No.10674597

https://etherscan.io/tx/0x7e7e462afe63b2ad90a4088dd49a6ce38507ac794eaf2b6bcf19649e608a9902

Tx Fee: 10 ETH

>> No.10674631

>>10672540
>he doesn't know about XLM
wew lad, it's a good thing you were paying attention to the new ethereum

>> No.10675096

>>10674494
they're rare but still out there.

I genuinely didn't expect to truly make $ from any of this until 2020 at the earliest.

Just keep holding.

>> No.10675146
File: 1.91 MB, 1172x2019, 1517891807069.jpg [View same] [iqdb] [saucenao] [google]
10675146

>>10672743

Why? It has proven tech, great roadmaps, and solid partnerships.

>> No.10675151

I hope it goes lower..

>> No.10675398

>>10672540
It's over, we are headed to $180 - .02 btc

>> No.10675502
File: 811 KB, 1600x473, eth_decentralisation.png [View same] [iqdb] [saucenao] [google]
10675502

>>10672609
>>10672613
>>10672707
>>10672930
>>10673042
>>10673157
>>10673519
>>10673725
>>10674494
>>10674573

Welcome to a chart illustrating Ethereum's simulated network after sharding and their plan to support their exponentially inflating blockchain from hell with light nodes.

As you can see, it's a pile of shit that asymptotically turns into an SQL database.

Ethereum is dogshit, plenty of suckers to buy it though so you might get another pump and dump but seriously, who wants this absolute babby tier inflationary shitcoin?

>> No.10675514
File: 628 KB, 1595x1020, 1533918096361.jpg [View same] [iqdb] [saucenao] [google]
10675514

BINGO

>> No.10675526

>>10673237
That knot true!

>> No.10675542

>>10675502
What do you think are better blockchain models with scalability? Zil, Loom, Tomo?

>> No.10675557

>>10672540
It's because you're a retard OP. That's why.>>10672553

>> No.10675581

>>10675502
I just see more validators and the same amount of nodes clustered in the middle.

Stupid faggot. This is how you horizontally scale. Also saying it is like a SQL has nothing to do with this and it is nothing like a SQL database. One is a distributed network and the other is a series of calls to get information.

>> No.10675605

>>10675502
ethereum already has more full nodes than bitcoin, once PoS comes online the number of nodes is going to explode

>> No.10675612

>>10675502

This is by far the most retarded post I've seen here. Comparing ethereum to an SQL database, LMFAO.

>> No.10675621
File: 43 KB, 530x477, Screenshot-4.jpg [View same] [iqdb] [saucenao] [google]
10675621

>>10675542

lol

You can't "innovate" through the laws of mathematics.

Networks and decentralisation are governed by the fabric of reality. You couldn't get a group of street shitters holding an ECDL between them to reprogram the laws of gravity and launch an ico to support it. There are things which can be improved, and things which can't.

Everything apart from Bitcoin is a shitcoin. The alternatives might work, but they're redundant and don't offer anything new - because they can't.

Altcoins = Gravity 2.0

>> No.10675633

>>10673042
Not sure if you're telling to buy more or dump

>> No.10675654

>>10672819
Brainlet.

Likely a miner mining their own 0 gas TX, hence why it dropped 6 times

Absolute fucking retard

>> No.10675661

>>10672540

I told you faggots last year this shitcoin wasn't worth nearly $300. Vitalik said it should be around $10 as well.

Buy Bitcoin Cash you dumb fucking niggers.

>> No.10675707

I don’t feel so good today...

>> No.10675733

>>10675581

Well look again Mr. 24 Chromosomes because there's fewer nodes, which is to be expected. Also have a look into where this ultimately goes under their PoS model with people having to stake 1000 ETH as the network gets unfathomably larger.

Everybody knows this leads to greater centralisation, and that means that your network is vastly more centralised and therefore becomes more and more.....like an SQL database. Yes, its a series of calls, but those calls are to nodes that will be owned by a group of people who are all known to each other.

>>10675605

Do you have 1000 ETH handy to become a validator? This is going to be a hilarious shitshow.

>>10675612

Oops, you forgot to have an argument. Stay poor Ethcuck

>> No.10675824

>>10675502
Absolute bcash tier post. Pants on head, anon.

>> No.10675855

Hope it crashes to $1 so I can dump my entire signing bonus in.

>> No.10675926

i actually dont feel so good anymore

i bought my first ether at 15$ so im still up, but hingsight is killing me

why didnt i sell at 1450$?
why didn't i sell when it went below 1000$?
why not at 800$?
why not at 420$ when it was at last year's high?

hodling is a meme, but what else can you do now, at these low prices, why even bother selling, its pennies anyway

>> No.10675931

>>10675733
Post it with a node count, putting the same amount of dots closer doesn't mean there are more or less you fucking cuck.

Go take some comp-sci classes and learn about vertical and horizontal models and how that went for computing. Block chain is following the same exact path and thinking that Ethereum won't be BFT or easy to join is fucking stupid. Therefore you are fucking stupid

>> No.10675941

>>10675733
>Do you have 1000 ETH handy to become a validator? This is going to be a hilarious shitshow.
It's 32 eth

>> No.10676056

>>10675931
>Go take some comp-sci classes and learn about vertical and horizontal models and how that went for computing. Block chain is following the same exact path and thinking that Ethereum won't be BFT or easy to join is fucking stupid. Therefore you are fucking stupid

Oh you're right, it's easy to join and horizontal - fantastic!

If that's what you're looking for in a crypto currency, then that's good news.

However that's also a glorified SQL database, as it necessitates that as gas costs increase, then everybody is going to be running a light node....that doesn't validate anything.

So you're all dependent on a small group of people to decide what is true and what is not in Eth land.

It works. It just isn't decentralised. Therefore it's a fucking joke and for faggots like you that didn't get rich off Bitcoin.

KEEP COPING

>> No.10676089
File: 142 KB, 1280x720, Kaiji2-17.jpg [View same] [iqdb] [saucenao] [google]
10676089

>>10674010
THE BOG?

>> No.10676636

Over 30 years we will still be waiting and talking about the "next bull run to come". Guys realise it, the crypto game is over. The guys that made money have left already, Leaving you with their bags.

>> No.10676665

>eth pumped because of the constant ICO scams
>ICO scams fizzle out due to legal issues in favor of airdrop scams
>eth crashes

no surprise here

>> No.10676693
File: 1.49 MB, 1268x1357, 1518560587650.jpg [View same] [iqdb] [saucenao] [google]
10676693

>>10672573
to the victor go the spoils

>> No.10676716

>>10675146
Well, there goes my bullishness.

>> No.10676725

>>10675502
I remember weev making a video talking massive shit about ETH, is this what he was talking about?

>> No.10676746

>>10675926
I know this feel.

>> No.10677198

so if i put in 12k at 250 am i gonna be alright or am i gonna get justED

>> No.10677869
File: 53 KB, 500x669, thuglove.jpg [View same] [iqdb] [saucenao] [google]
10677869

Yo dey gots so many bugs in da code dat when you fix one, five will appear. awww an' dey figured out casper will ruin da consensus mechanism. Atleast like five years o' development iz needed fo' ethereum ta be usable fo' anythin` other than scamming niggas. ah mean you pimpz remember during da bullrun Vitalik told brothas ta be really careful wif they money an' dat ethereum iz really worf like 70$ max? da nigga didn't wants any o' dis here, he just wanted ta change da world wif his code not make uh Wall Street style ponzi... ah spoke ta him at uh conference an' he wuz really reluctant ta discuss da financial side o' da project an' you could tell he felt like sheeit when he seen all da scam ICO's popping up on his platform taking niggas's honest earned living. da nigga's uh SAINT in real life, ah really could see his empathy. But it'll come back, dey just need some tyme.. actually da whole o' crypto market do. PS: ganked ef at 0,5 cent up until 10 bones an' gots been following da project since da inception you know das right!

>> No.10678174

>>10672540
I guess ETH isnt a security

>> No.10678803

>>10677869
im starting to think this person is actually a nigger. at first i thought it was a white person joking around but now this shit is getting elaborate

>> No.10679664

>>10673077
Yes
https://sanbase-low.santiment.net/projects

>> No.10679699

>>10677198
just wait dude. at this point it looks like there might be no bottom in sight. i would just wait until it shows some signs of stabilizing or going up

>> No.10679765

>>10678803
No no. this is an actual person. There is wayyyy too much literacy going on here

>> No.10679774
File: 58 KB, 750x886, z479ll9cdfb01.jpg [View same] [iqdb] [saucenao] [google]
10679774

>>10675502
>P.o.S.
>Piece of shit
>sharding
>sharTing

Yep, it's a shitcoin

>> No.10679825

>>10677869
>>10678803
>>10679765
I just lost some brain cells forcing myself to read the entire thing.