/biz/ - Business & Finance

[Anonymous No.14079732]

>nobody realizes that PoS will absolutely TANK ETH's price

[Anonymous No.14079769]

>>14079732
>doesnt tell you why

[Anonymous No.14079785]

>>14079732
>Devs own 98% of the supply
>They want PoS

Of course

[Anonymous No.14079789]

>>14079732
>reduce inflation significantly
>remove a large amount from circulating supply
>be able to get money for nearly nothing just by staking
Yeah definitely seems like it's gonna be a failure desu

[Anonymous No.14079801]

ETH is a shitcoin with PoW. Going to PoS is adding insult to injury.

[Anonymous No.14079862]

>>14079785
I don't even know if these bitcoiners are pretending to be this retarded to make ETH look bad, or they really truly believe the devs hold 98%, either way it proves the entire crypto market is fucking tulips

[Anonymous No.14079914]

>>14079732
This is good for bitcoin

[Anonymous No.14079963]

>>14079732

[Anonymous No.14080013]

>>14079732
PoS?
Point of Sale?
Piece of Shit?

What does it mean and why is it important?

[Anonymous No.14080064]

>>14080013
proof of work mines coins to secure a block chain, proof of stake locks coins in a wallet to secure a block chain, you good damned newfag

[Anonymous No.14080201]

>>14080064
Yeah, I still don't get how bitcorns work, but because RH gave me the opportunity to speculate, I just put way too much money in BTC and ETH, trying to catch today's knife-drop.

My S&P index funds are doing alright though.
*sips*

[Anonymous No.14080209]

>>14079862
cope

[Anonymous No.14080226]

>>14079732
>every PoS coin only dumps
>I've been pointing this out repeatedly
>masternodes are a pyramid scheme, newfags buy their staking capital off oldfags who dump their rewards on the market
>you call still make money off ETH. Sell 4 days before PoS

[Anonymous No.14080250]

>>14080013
pos means the devs and whales get to decide the future of the coin with complete control
all PoS coins are premined (minted out of air for free)
ETH devs premined 72 million tokens and want to secure their total control over the network

[Anonymous No.14080262]

ETH is rushing PoS and lowering miner rewards arbitrarily so they can ensure the Devs and early whales have complete and total control
I'd say there's a 90%+ chance of a fatal bug being in the codebase

[Anonymous No.14080273]

>>14080226

Eth wont have masternondes or dpos shit lol...

[Anonymous No.14080289]

>>14080262
>>14080250
>>14080064
Ooooh, Proof of Stake.

So... I should sell all my Eaterium Corns?

[Anonymous No.14080313]

>>14080250
This. Eth printed so much eth for themselves and investors, they still have the majority of the total available eth supply. It's crazy that this is the #2 crypto but then again, the #3 is xrp and all the supply was printed out of thin air. People in this space are either stupid or are huge gamblers waiting for newfags to buy their bags

Only btc, ltc, and xmr were started fairly and anyone could mine it

[Anonymous No.14080315]

>>14080289
yeah proof of stake is basically like a company with shares
some people like communists and pedophiles so they hold ETH thinking they'll get dividends off future network use

I sold all my ETH a long time ago and just hold bitcoin

[Anonymous No.14080324]

>>14080273
Point out where I said anything about ETH except sell 4 days before PoS

[Anonymous No.14080336]

>>14079732
PoW is the only thing that really works, nature has shown it over and over again. PoS gets outcompeted by PoW, thats just how it is. Just add 1+1

[Anonymous No.14080422]

>>14080313
>he thinking BTC isnt centralized
Top 0.59% addresses own 90% of supply, genius

[Anonymous No.14080430]

>>14080336

>nature has shown it over and over again

[Anonymous No.14080439]

>>14080422
bad argument
anyone could have mined/bought/traded at anytime
it's the most fairly distributed coin in crypto by far
the large coin holders don't control the future of the consensus
addresses are easy to generate and not indicative of 1 person
you're probably counting exchange wallets as 1 person lol

[Anonymous No.14080451]

Me? Accumulating Ethereum

[Anonymous No.14080455]

>>14079862
>he doesn't know about the tulip trust
>he doesn't know that ETH is 70% premined

[Anonymous No.14080456]

>>14080455

[Anonymous No.14080481]

>>14080439
>bad argument
bad counter argument
>anyone could have mined/bought/traded at anytime
until they cant because it doesnt make economic sense. also i understand the economics of distribution but pow only scales to a certain threshold
>the large coin holders don't control the future of the consensus
bullshit the largest miner hash rates do control consensus which is just as bad (can you say china cartel)
>addresses are easy to generate and not indicative of 1 person
horrible argument
>you're probably counting exchange wallets as 1 person lol
that makes distribution even more skewed given that a central entity controls such a large amount of supply i.e. mtgox

[Anonymous No.14080487]

>>14080422
One address could represent many people (cold wallet for an exchange or similar) and many wallets can be owned by one person. These gay chain analysis "facts" are only for retards like you that can't think for yourself because you've literally said nothing meaningful with your post.

[Anonymous No.14080494]

>>14080487
thats it? thats your argument?
ook guess we are done here

[Anonymous No.14080531]

>>14080494
It's not an argument it's a fact. You simply do not know if someone has a bunch of addresses or if an address represents btc holdings of multiple people, you won't know how many people either. So these stats are meaningless. The people that eat this kind of crap up, by definition, are wilfully ignorant or an actual brainlet.

[Anonymous No.14080544]

>>14080531
facts and arguments are not mutually exclusive

the stats are not meaning-less. its p2p money represented by onchain transactions if anything its actually a more accurate depiction of control everything else is wash trading bots and fake news

[Anonymous No.14080634]

>>14080481
you're a retard lol

[Anonymous No.14080640]

>>14080544
It makes no sense at all. If I accept payment on a throw away address or just even a unique address per client, then eventually send funds to my cold wallet, somehow you'd claim the wealth is now more centralized from your "chain analysis" but that's simply untrue. For normies that use coinbase, they pretty much generate a unique BTC address every time and for high amounts it gets transferred to their cold wallet. It makes no sense because I've given you a counter example for large wallets representing multiple people and a counter example of multiple wallets representing one person. For your statement to have any weight to it, you need to assume people can only have one btc wallet forever and only use that wallet forever, everyone uses cold storage, and exchanges or futures settled in btc does not exist. Please tell me you're shilling some crypto because the alternative is that you're an actual brainlet, which is worse.

[Anonymous No.14080676]

>>14080640
I know what you’re saying but I don’t agree

[Anonymous No.14080714]

the bitcoin narrative is genius because it's designed to appeal to retards

hardcap = you don't have to understand the maths of emission rate infinitely decreasing towards 0
fairness = brainlets don't think in terms of value creation, as they lack the ability to be problem solvers themselves. so they don't ask themselves "what issue does bitcoin solve", beyond surface level rants about government. to them, bitcoin is a lottery ticket, and everyone (who was somehow interested in an obscure cryptography project during a limited time window) got a fair shot. sucks to be you, suckers, i got mine!
store of value = because once again idiots lack skills making them useful to others, preserving what they have appeals to them. and as any valuation is determined by consensus, repeating the SoV mantra helps prop up bitcoin despite it being increasingly unusable. in that light the high fees become a benefit, too: the less retards use their bitcoin, the more they can be convinced to hold it and shill it, while bigger players make use of the liquidity to slowly unload

modern bitcoin hits Trump levels of persuasion, and between that and the market manipulation, there's a good chance it still has legs
i'm an eth maxi but let's not kid ourselves, eth valuation is itself just as speculative, and "smart contracts" or "world computer" don't have the same memetic power to normals. "defi" is for twitter fartsniffers. "ICO/STO" touched on a normie trend (startups), but the concept grew beyond eth as there's no need for decentralization if you have the liquidity to exit
eth needs something better to win hearts and minds

[Anonymous No.14080722]

>>14080714
ETH is a mess

[Anonymous No.14080830]

>>14079732
Not only do I realize it, I pray for it.

[Anonymous No.14080893]

>>14080714
>"smart contracts" or "world computer" don't have the same memetic power to normals
as if the future of global commerce hinges on retail speculation, adoption, etc by normies.

Normal people didn't pay 20 bucks a minute to talk on cell phones back in the 1980's...wealthy assholes in high finance did.

Same goes for adoption and integration of decentralized ledger tech.

[Anonymous No.14080900]

>>14080313
>living in 2015
>actually being this misinformed
Literally won’t make it. Have sex btw

[Anonymous No.14080968]

>>14080640
exchanges are a minority of holdings.
Bitcoin has very centralized ownership because most of it was mined when almost nobody knew about it. Satoshi alone probably owns 1M.
>>14080226
>every PoS coin only dumps
every PoS coin so far has no adoption and starts with no inflation (pre mainnet phase) then gets inflation due to PoS, which means some people start selling rewards.
Ethereum is a direct opposite. Biggest adoption and PoS is going to reduce dump amounts by 100x

[Anonymous No.14081069]

>>14079732
I only hold ether

[Anonymous No.14081353]

did anyone here even read the ETH2.0 specs before posting shit here?

[Anonymous No.14081412]

>>14080968
>Satoshi alone probably owns 1M.
Prove it, the ledger is public so prove it
>pro tip you can't

[Anonymous No.14081415]

>>14081412
https://cryptonews.com/news/how-many-bitcoins-does-satoshi-have-2487.htm

[Anonymous No.14081436]

>>14081415
Do you faggots even read what you post
>Our analysis is far from perfect and we used a variety of methods [...] We will have made many errors and we do not claim our methodology is robust or scientific
>However, this pattern could also indicate several miners with similar setups: “Each miner is not independent, in the sense that they are likely to be running the same software or could be using the same popular hardware, which could produce the same pattern.”

So a single type of mining software was popular early in bitcoin
Nothing is point to that being satoshi
Retard clickbait niggers repeat this nonsense it doesn't make any sense

[Anonymous No.14081440]

>>14080313
>ltc
>fairly mined

[Anonymous No.14081499]

>>14079769
It will be a unregistered security AGAIN

[Anonymous No.14082070]

>>14080262
This.

Scary. You retards realize if this happens link is done?