/biz/ - Business & Finance

[Anonymous No.21061555]

Ethereum is rising.

[Anonymous No.21061609]

>>21061555
Checked

All in eth or stay poor

[Anonymous No.21061611]

>>21061555
$500 by end of august, i dare you to screenshot this btcmaxi scum.

[Anonymous No.21061662]

>>21061555
comfy with my life savings invested in picrelated

[Anonymous No.21061689]

Imagine not having your life savings in ETH right now.

[Anonymous No.21061724]

I believe in eth as much as anyone, but you faggots start to sound like desperate pajeets

[Anonymous No.21061762]

>>21061724
If how hard Vitalik BTFOd Beck didn't give you at least a half chub I don't know what to tell you bud.

[Anonymous No.21061782]

>>21061724
Cope

[Anonymous No.21061819]

>>21061689
I'm all in LINK

[Anonymous No.21061825]

>>21061762
Don't get me wrong, Vitty is based and he is right.
But seeing /biz/ go 100X GUARANTEED SIRS SELL EVERYTHING AND BUY ETH SIRS is not a good sign. It's like looking at literally any shitcoin thread right now.

[Anonymous No.21062092]

>>21061555
>Vitalik

[Anonymous No.21062130]

>>21061689
yup

[Anonymous No.21062334]

>>21061555
based vitals btfo satoshi larp

[Anonymous No.21062364]

>>21061689
Imagine not having a diversified portfolio including ETH.
Fucking maxis are retards.

[Anonymous No.21062395]

>>21062364
>he fell for the diversification meme
Nobody tell him.

[Anonymous No.21062429]

>>21062364
Eth has been suppressed for a long time, you don't want to be holding alts when Eth skyrockets.

[Anonymous No.21062610]

>>21062395
>>21062429
It's only BECAUSE of alts that I've been able to stack 200 ETH over the past few months.
Kill yourselves. Today.

[Anonymous No.21062717]

>>21062610
Stfu poorfag. Christ you larping retards are insufferable.

[Anonymous No.21062762]

>>21061555
adam back is satoshi, which was a dissapointment to me. The last nail in the coffin for me was when he shared so quickly on his twitter the "anon OG miner and Hodler" post saying Craig Wright was a fraud.
That Old piece of shit still fight for bitcoin, when In reality nobody can deny how shit that coin is. Almost everyone other coin gives more value than that slow ass technology.
Fuck Adam and Fuck btc.

[Anonymous No.21062769]

>>21061555
checked

[Anonymous No.21062816]

btw, by coffin i meant, that the old miner was satoshi which was adam.
He kept mining for years and years.
He has more btc than anyone could imagine

[Anonymous No.21062825]

>>21061555
vitalik is nothing more than a guru reading tea leaves. eth is only rising because bitcoin is rising.

[Anonymous No.21062852]

>>21062825
the ETHBTC chart would disagree with you

[Anonymous No.21062936]

>>21061662
i guarantee you this was painted by a 32ETH node operator

[Anonymous No.21063002]

>>21061662
god this reeks of reddit

[Anonymous No.21063011]

>>21061555
I believe in vitalik but I believe more in satoshi
My life savings are 80% btc and 20% eth

[Anonymous No.21063029]

>>21061555
he didn't say july

[Anonymous No.21063134]

>>21062816
>adam
I remember for a long time the Satoshi Nakamoto article on Wikipedia had an edit war where people were trying to put his name as one of the possible candidates, with a bunch of people saying the evidence wasn't substantial enough. This was on the same page that listed Creg as a possible candidate. They're also refusing to let Chainlink have an article even though there are other shitcoins that get to have one. What's going on with Wikipedia?

[Anonymous No.21063206]

>>21062852
hmmm

[Anonymous No.21063370]

>>21063206
>CMC
>24h % change

I see
carry on then

[Anonymous No.21063414]

>>21061662
Where can I buy a copy of this? I want it hanging on my wall.

[Anonymous No.21063442]

>>21061555
Someone explain (((blockstream))) to me

[Anonymous No.21063495]

>>21061555
Checked.
>The tides of history will not be favorable to maximalism.

[Anonymous No.21063564]

>>21063495
love this autist like you wouldn't believe

[Anonymous No.21063591]

>>21061555
Satoshi fears the money skelly

[Anonymous No.21063681]

>>21062395
diversification is only a meme when it ends up meaning having like a couple hundred bucks max in dozens of different shitcoins. We're talking about healthy diversification here, like a portfolio mainly consisting of BTC/ETH/LINK

[Anonymous No.21063711]

>>21061555
sounds like money skelly is smoking too much mETH

[Anonymous No.21063733]

>>21063442
It's (((their))) attempt at parasitizing Bitcoin and LN for the benefit of special interest groups.
Thankfully we have based XSN and X9 devs saving lightning network

[Anonymous No.21063870]

>>21063134
I've thought about this as well. Wiki will have articles for obscure indie artists and whatever the fuck other irrelevant garbage, but cryptocurrencies and blockchain tech with marketcaps in the billions don't warrant an article? Doesn't make any sense at all.

>>21063733
But how exactly? I've never quite understood what blockstream is, only that it gave me a really bad gut feeling

[Anonymous No.21063973]

>>21061611
$2,000-$4,000 conservatively, by the end of year.

[Anonymous No.21064159]

>>21062852
the one where you're now down 70% instead of 80%?

[Anonymous No.21064391]

>>21064159
No, the one where I'm up 16x instead of only 12x

[Anonymous No.21064458]

>>21064391
that chart looks like the xrp pnd

[Anonymous No.21064731]

>$398 stablecoin

[Anonymous No.21064843]

>>21061555
Kek hath spoken. $1k EOM!

[Anonymous No.21064873]

Is this the price for one unit of gas, or one typical transaction? Apparently a transaction takes 21,00 gas, so a transfer costs £9,000?

[Anonymous No.21064992]

>>21064873
yes uniswap txs cost even like £15000 because theyre smart contracts

[Anonymous No.21065128]

>>21064992
Yeah right. It costs a fragment of a BTC to do a transfer but the price of a car to do the same in ETH? That just destroys ETH's utility surely? Why would anyone use something this prohibitively expensive?

[Anonymous No.21065155]

>>21064873
it literally says below the gwei what the prices in USD are

[Anonymous No.21065258]

>>21062717
Get shot faggot. If you don't have a valid rebuttal then fuck off.

[Anonymous No.21065274]

>>21065128
https://www.quora.com/What-are-the-fees-for-transferring-money-on-the-Ethereum-Network
>With all of that said, the current cost for a value transfer is $0.382 or 0.00088 ETH.
(dated late 2017)

That seems more like it. It's not been straightforward finding out how much ETH to allocate to gas for a basic transfer.

>>21065155
>it literally says below the gwei what the prices in USD are
Yes, but my question was "is this for 1 unit of gas or 21,00 (or whatever it costs to simply send ETH to an exchange)?"

I'm not even from the USA so USD isn't much use either way.

[Anonymous No.21065298]

>>21062364
A fellow diverchad, we always make it, no big L's for us

[Anonymous No.21065307]

>>21064873
>>21065274
I mean 21,000 of course.

[Anonymous No.21065325]

>>21064873
isn't 1 gwei is .000000001 ETH or 0.00000039 cents? why is the transaction fee shown as .42 cents

[Anonymous No.21065393]

>>21061555
>Ethereum is rising
What a fucking chad. I'd let him fuck me dry in the butthole. And I'm not even a homosexual.

[Anonymous No.21065404]

>>21065325
>transaction fee shown as .42 cents
So the figures are, indeed, for a whole transfer, not 1 unit of gas?

This was all I needed to know.

[Anonymous No.21065430]

>>21065325
no thats 1 wei, gwei is gigawei

[Anonymous No.21065436]

>>21065274
at a rate of 71 gwei, the transaction would cost a total of 0.59 USD (put that in google to see what it is for your currency)

[Anonymous No.21065448]

>>21065393

[Anonymous No.21065579]

>>21065404
>>21065325
>>21065274
As someone that uses Ethereum on a daily basis, the maximum you will pay for an ETH transfer is $4. Sending ERC-20 tokens can often be much cheaper. Utilizing a smart contract can be obsenely expensive, costing as much as $20 for a token swap. I've spent over $400 in gas fees over the last few months. Well worth it for what I'm doing, but still way, way too much.

[Anonymous No.21065601]

>>21065430
wtf this article lied to me
https://www.investopedia.com/terms/g/gwei-ethereum.asp

that makes more sense, I thought that was ridiculously cheap

[Anonymous No.21065656]

>>21065448
Sorry I don't speak incelish.

[Anonymous No.21065665]

>>21065128
It's not that Eth is prohibitively expensive to do transfers on, but that smart contracts that do a lot of state changes have to pay higher gas fees to compensate the nodes in the network for using computing power. They all have to do the same computation, and that's how Ethereum is different from BTC, because BTC is UTXO-based, so it just saves a chain of valid transactions, but Ethereum is a decentralized computer as well, so it saves storage and arbitrary smart contract code and whatnot. By calling the Uniswap smart contract for a trade you're doing a few smart contract calls, so that you can trustlessly exchange your tokens with someone else with absolutely no middle man except for the code. Each call takes a little gas, and the functions that change state require gas to cover the cost. In the end it still isn't horribe to pay for, and it might even be a cheaper way to get crypto. For example, you can buy Eth on Coinbase, and you'll pay a $50 fee for $2k of Ethereum. Or, you can deposit USD, buy USDC for no fee, then transfer that into a wallet and exchange it on Uniswap for $17 in smart contract fees. It's cheaper in this case to acquire Eth that way. But the main point is that its decentralized. Also, as uniswap grows, the rates should get better as more liquidity is added and volume increases. Eth's utility isn't that it's cheaper than Bitcoin, the utility is that people can create banks and other financial structures entirely with code, and individuals can contribute as much or as little as they want to the funds to earn interest on the swaps. It's decentralized dog, get with the times already

[Anonymous No.21065721]

>>21065436
Thanks. It would be nice if the articles I read were less vague. I mean, as I understand it, there are so many different ways of combining instructions (in contracts, etc) that could add up to any amount of gas. Notice that nowhere here >>21064873 does it specify that this is the price for 21,000 units of gas, nor does it ever use the word "transfer" (I just did a CTRL-F on the page I grabbed it from.

No, it just says "hurr durr dis be gas price", and expects you to assume it's for a combination of instructions whose gas totals 21,000. Any other gas sum and it seems you're expected to do the maths yourself rather than just being told what portion of your transaction to allocate to gas.

It's all been so goddamn vague just finding this simple thing out.

[Anonymous No.21065866]

>>21065665
I don't get the "ETH fees need to be low!" argument. It is still relatively cheap to send people ETH coins as simple payments. Paying miners high fees to process smart contracts however makes sense because it's the digital equivalent of paying a real estate or stock broker in real life to do 30 minutes of work for you in a way. This is the essence of capitalism. Where Bitcoin shoots themselves in the foot is just the simple act of sending money has been known to get obscenely expensive.

[Anonymous No.21065960]

>>21065579
Thanks.

[Anonymous No.21065978]

>>21065721
From a developer perspective, there are libraries that you can use to estimate the cost of the gas based on the smart contract function call parameters and how it will effect the EVM. Nodes might reject a transaction if the gas doesn't cover the computation, which is why it's not a definite value, because it's possible that the contract call executes another contract call which then goes beyond what was covered with the gas fees. Then the node will just reject the state change and the transaction will fail because of not enough gas. It's unlikely that you have to calculate the gas price yourself because you have to be NOT a retard and understand how Ethereum works before doing anything with it.

[Anonymous No.21065996]

>>21065656

[Anonymous No.21066008]

>>21065866
>Paying miners high fees to process smart contracts however makes sense because it's the digital equivalent of paying a real estate or stock broker in real life to do 30 minutes of work for you in a way
True, but isn't the point of cryptos to cut out the middle man? Having to pay through the nose to have contracts executed? Why not just stick with fiat and pay a broker?

[Anonymous No.21066047]

>>21065866
>I don't get the "ETH fees need to be low!" argument.
oh come the fuck on
people arent going to use a slow expensive system

[Anonymous No.21066069]

>>21066008
Dude you've gotta be trolling, are you unironically this fucking retarded? BRO what the fuck is wrong with you I typed a godam essay to educate your dumbass and you're still asking these questions fuck off and do your own research

[Anonymous No.21066076]

>>21062364
i want to have a diversified portfolio but all crypto projects are utter jokes
except eth which is less nonsensical than everything else by an order of magnitude. still huge gamble but at least there's a potential endgame within the realms of reality and not just endless speculation

[Anonymous No.21066100]

>>21065996
>Look at that stern look asserting authority and power
How can one resist that?

[Anonymous No.21066147]

>>21065866
This guy gets it. Eth is a world computer and it's functioning exactly as it should. Of course, it is expensive now, but that's the value proposition in the first place, that you can pay a network of computers to all verify the same computations in a trustless way, and in any case it's going to become cheaper in the future with scaling solutions.

>>21066047
You are another mouthbreathing drooling retard