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

/biz/ - Business & Finance

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24752301 No.24752301 [Reply] [Original]

We will see 10% of all eth supply locked in eth2.0 this winter. EIP 1559 comes out in February making eth DEFLATIONARY (each block burning a shit ton of eth).

I’m thinking we’re headed to 5k unironically

>> No.24752391

It wont' be deflationary, it only burns a part of the gas fees, but the block reward will still exceed that by a lot.

>> No.24752419

EIP 1559 isn't happening mate. I read the article in your photo and it says nothing about it happening. Miners don't want it to happen and keep rejecting the proposal, so it won't happen.

>> No.24753015
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24753015

>>24752301
>you WILL burn your ethereum

>> No.24753034

>>24752419
Who cares what the miners want Ethereum is PoS

>> No.24753042

>>24753034
not yet

>> No.24753055
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24753055

>>24753015
>not understanding eip 1559

>> No.24753081

>>24752301
Anyone concerned that we will never see our ETH again and the payouts won't be worth it? I'm starting to get worried about staking now...

>> No.24753098

>>24752301
5k by March, 10k by July, 25k at end of this cycle.

>> No.24753112

>>24752419
The miners are migrating to Classic.
Its always good to keep stacks of both coins.

>> No.24753229

>>24753098
Whats a cycle? Epoch?

>> No.24753253
File: 65 KB, 1017x972, B7D42D58-1AA8-49BC-989D-A085AB3255C1.jpg [View same] [iqdb] [saucenao] [google]
24753253

>>24752391
U sure m8? Pic related

Next time research a bit harder

>> No.24753286

>>24753081
If you stake with Binance, they will give you your rewards in BETH, which you can use to redeem ETH 1:1 at the end of the staking period. In the meantime you can still trade your BETH and it will probably have the same value as ETH.

>> No.24753306

What does this mean for gas fees by the way? Will it finally go down to a reasonable amount? With BSC you pay less than $0.10 per transaction.

>> No.24753318

>>24753081
sure this whole thing might nuke before we can even withdraw, but I think its a reasonable risk compared to the shitcoins /biz/ usually buys

>>24753112
why would anyone migrate to classic, it's dead. there will be other mineable shitcoins more profitable

>>24753098
10k seems reasonable

>> No.24753445

>>24753253
oh my god, eth is going to become deflationary for real...maybe it will actually flip bitcoin in the coming years

>> No.24753494

I thought eths total supply was infinite?

>> No.24753515

>>24753494
>E I P 1 5 5 9
>I
>P
>1
>5
>5
>9