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

/biz/ - Business & Finance

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20745138 No.20745138 [Reply] [Original]

Imagine buying 32 ETH at these prices just to stake it and earn $2k (taxable) annually.
Fucking kek.
That was your idea of making it?

>> No.20745144

>>20745138
Ok

>> No.20745240

>>20745138
Imagine more and more companies build Dapps when ETH 2.0

>> No.20745280
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20745280

>>20745138
going from eth to eth 2.0 is a taxable event as well. such a shitshow

>> No.20745297

>>20745138
that's an eth dev

>> No.20745314

>>20745138
If it's 2k annually, I'd get over 50k a year from staking, so I'm ok with that.

>> No.20745317

>>20745138
Imagine so dumb to post a thread thinking that 32 ETH is a make it stack

>> No.20745328
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20745328

>>20745280
>gov
>pic related

>> No.20745359

>>20745138
You earn ETH you can't put a dollar figure on that

>> No.20745371
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20745371

>>20745240
Lets do some maths...

Ethereum is $325 at present and with a predicted total 1million Eth2.0 being staked, returns $1,465 annually at 15.7% annual return.

Lets hypothetically say Ethereum hits it's previous ATH of $1,400 (rounded). This would yield the staker, $6,663. This is a good investment by regular standards, profit within 2 years for a $10k buy-in.

However, this is assuming the return is 15.7% annually both years which would require the total Ethereum staked to not breach 1million in that two-year time span... Yes, were now thinking the same thing, highly unlikely.

Infact, the rewards go as low as 4.9% payout annually once 10million Ethereum have been staked. At a valuation of $1,400 and a payout of 4.9%, the staker would recieve $2,171 annually. It is probably better to just buy 32 Eth and sell at $1,400 for a total of $44,800. To put that into comparison you would need to stake for 20 years to make that same profit at 4.9% apr.

If you arent holding at LEAST 64 eth, and having 32 is your grand plan.. Pathetic!!
Stick to low caps.

>> No.20745606

>>20745371
Eth will hit $10k, so 320000 is done good money

>> No.20745638

>>20745371
retard, 32 ETH is not a make it stack. 64 isn't even a make it stack. everyone knows this. your points are retarded. sage

>> No.20745674

>>20745638
How much is a make it stack? Is ETH actually going to moon with 2.0?

>> No.20745728

>>20745606
Issue there, IIRC, is that the more people staking means a lower APR. Also locking your stuff up for a significant amount of time could be quite risky, given the massive swings that can occur in crypto. For staking to be worthwhile, it has to MAINTAIN value, rather than just surging up to a peak and then quickly dropping off, like what we saw in 2017.

>>20745371
I agree that staking mostly isn't worth it, but the meme is there. And the meme will result in people FOMOing into get to at least 32 ETH, and plenty of people will lock their shit up, taking away supply and boosting the price. I'll probably sit with my stack on the sidelines and sell when it's going parabolic. Meanwhile all the stakers will just have to watch their shit dump massively and not be able to do anything about it at all.

>> No.20745732

>>20745674
>How much is a make it stack?
probably 200-300
>Is ETH actually going to moon with 2.0?
yes

>> No.20745779
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20745779

>>20745638
This is not the sentiment I've been seeing on biz recently.
"You do have your 32 ETH right?" Of course not retard! My 32 eth are in low caps that will give much better returns!
This post is for them. If you're chilling at 64, you're not doing terrible.

>> No.20745847
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20745847

>>20745371
>It is probably better to just buy 32 Eth and sell at $1,400 for a total of $44,800
i'm not bothering to cap this but maybe ill try to find it on warosu at peak hysteria of the next bullrun when eth is some disgustingly overvalued amount above this, and then again when we stabilize at said disgustingly overvalued (although it would be the fair value at that point) amount in the aftermath of the bullrun after that one. see you in like 10 years lmao

>> No.20745848

>>20745779
i've seen those threads too. i guess 32 ETH is a suicide stack just to make sure you can stake if you want to? definitely not a make it stack though.

>> No.20745963

>>20745732
>Is ETH actually going to moon with 2.0?
no

>> No.20746021

>Bitcoin 50% byzantine resistant
>ETH 2.0 with staking - 25 to 33% byzantine resistant
this shitty design is the reason why they have pasted on a stake slashing mechanic, because ETH 2.0 is so susceptible to sybil attack.

>> No.20746280

>>20745963
Why not? :(

>> No.20746297

>>20745963
it already is

>> No.20746343

>>20745138
32 ethireum will soon be worth $640,000
Change my mind

>> No.20746364

>>20746343
ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value

>> No.20746445

>>20746364
kek