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

/biz/ - Business & Finance

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12882042 No.12882042 [Reply] [Original]

>ETH reward now: 3 ETH
>ETH reward tomorrow: 2 ETH

>ETH price now: $136
>ETH price tomorrow: $136 * 3 / 2 = $204

>> No.12882101

Shhhhh I have a whole slew of FUDers that I’m going to post here tomorrow after this happens

>> No.12882123

Didn't they decrease block times though?

>> No.12882811

>>12882042
Inflation % matches the decrease %

>> No.12883502

>>12882042
>implying there is a set amount of ETH
nigger this aint bitcore coin

>> No.12883511

>>12882042
arey you implying that's the reason craig is fudding eth?

>> No.12883542
File: 48 KB, 1170x622, dailyminingrewards.jpg [View same] [iqdb] [saucenao] [google]
12883542

>>12882042
daily block rewards now: ~13k
daily block rewards tomorrow: ~12k

plz explain, OP
how do you get $204?

>> No.12883563

wait... if we cut mining rewards altogether would the price moon into a singularity?
wtf, why are the devs not doing this instead then? is Vitalik really a scam artist?

>> No.12883580

>>12883563
>a singularity

Please stop saying retarded shit like this.

>> No.12883600
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12883600

Ironically and unironically though, if the block reward reduction goes the same way as last time, then OP is right. But the price wouldn't increase in a day, but in ~2-3 months.

>> No.12883605

>>12882123
still same block times as 2018

(this week block times have been slower due to difficulty increasing tho, called 'the ice age', which gets pushed back again every new fork)

so ice age is over now for 9 months

>> No.12883635

a reduction to 2 eth is not important because it still feels way overinflated to everybody. there should have been a reward of 1 eth or lower months ago. there won't be any pump until we see a huge reduction in the runaway inflation

>> No.12883656

>>12883635
>a reduction to 2 eth is not important because it still feels way overinflated to everybody
People in /biz/ have been mostly saying the opposite: that ETH will be too unsecure after the incoming hash drop.

>> No.12883665
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12883665

DOUBLE DIGIT SHITECOIN

>> No.12883671

>>12883656
and they're idiots. a reduction to 1 eth last year would have not made a material difference to the security of the network. moving to proof of stake is significantly more risky than having a sub ether reward.

>> No.12883694

>>12883665
look forward to seeing screenshots like this in 2020

when 90%+ of the supply is locked up in defi dapps and staking.

non-zero chance eth could have the biggest explosive fomo-bubble yet

>> No.12883704

>>12883671
I do agree with you on that. ETC has potentially been vulnerable for a long time, but still no one could 51% attack it. It took a long bear market with a big price drop for someone to finally manage it. ETH is still over 30x more secure as of now and can sacrifice a lot of security before ever getting vulnerable.
Let them build PoS as long as they need. It has to be secure with the first try.

>> No.12883715

>>12883694
can you plz stop with your defi dapps circlejerking?
Putting 2% of the supply into margin longs that you can cash out whenever you want or will be liq'd within one red candle is hardly "locking up coins". Staking will be locking up coins.

>> No.12883742

>>12883694
Lol you brainlet

>> No.12883836

>>12883715
if you're so smart explain why that % is increasing, even when eth dipped to $80 in december.

you can't argue with facts, the supply is being placed in defi dapps. sure it's not locked up, but the circulating supply is less.

>> No.12883851

>>12883742
good rebuttal anon

not even gonna try to swing you, people like you don't deserve bull runs.

>> No.12883885

>>12883836
ETHUSD margin longs on Bitfinex are also steadily increasing even though the price has been dropping. Doesn't mean ETH is locked up on the site. It means there are more and more degenerates willing to gamble this being the bottom of the market. Doesn't also mean the % is going to increase in a similar fashion from here. Most probably a price increase will mean the reduction of that % "locked up" in margin longs: people cashing out their long profits and less people willing to gamble, waiting for a lower entry again.

Other coins also have people "locking up" their coins in margin longs and margin shorts btw. Not on decentralized entities, but "locked up" nevertheless and out of the circulating supply in your standards.

>> No.12884872

>>12882123
block times now: 20s
block times post fork: 15s
in other words: op is retarded