/biz/ - Business & Finance

[Anonymous No.24786451]

Holding ETH stack and it feels so comfy

[Anonymous No.24786462]

who bought the dip?

[Anonymous No.24786477]

staking feels even comfier

[Anonymous No.24786627]

>>24786451
What do these two have in common?

[Anonymous No.24786731]

>>24786627
ok retard

[Anonymous No.24786760]

>>24786451
What is the point of Ethereum?

This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Ethereum is pure spaghetti code.

[Anonymous No.24786777]

>>24786760
ok retard

[Anonymous No.24786782]

>>24786451
>>24786477
It will be feel even more comfy when you buy the next dip.

[Anonymous No.24786794]

>>24786760
number go up good

[Anonymous No.24787436]

>>24786477
Sshhh don't tell these retards. APR is already down to 16%

[Anonymous No.24787815]

>>24786760
I know this is pasta. Nevertheless.
In the old system, contracts were dumb in the sense that they were not perfectly unambiguously worded, making them rely on smart interpreters (lawyers). In the new system, the interpretors are dumb (computer chips) which necessitates the contracts themselves being smart in the sense they have unambiguous and preferably correct formulations (computer code). So instead of relying on smart lawyers to interpret the contracts, you rely on smart programmers to formulate the contract. The difference is that in the old way, the smart lawyers would be invoked over and over to interpret some contract in new situations, in the new system the smart programmers are invoked once and then the contract can be interpreted cheaply by a CPU an infinite number of times. Guess which approach is magnitudes more cost effective and makes lawyers seethe?

[Anonymous No.24787852]

>>24786451

Mfw 1 validator already and a side stack to leverage once we break 620$ resistance

[Anonymous No.24787899]

>>24786760
I also realize that this is pasta, but my counter-argument is that Ethereum's main strength is that it is decentralized. Having a centralized system works if you live in a country where you can trust the system, but if you live in a shithole country where people prefer literally storing dollar bills in their mattress over depositing them in a bank account, the blockchain is a good alternative. And Ethereum is just the most widespread blockchain platform which can do more than sending coins from one address to another.

[Anonymous No.24787952]

>>24786760
thanks just bought another 100k

[Anonymous No.24788504]

i feel so comf