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25862604 No.25862604 [Reply] [Original]

you didnt buy the dip did you

>> No.25862647

>>25862604
this shit is about to moon to 0.06 BTC

>> No.25862720

>>25862604
i didnt. should have bought a 917 not gonna lie.

>> No.25863216

Didn't have time for wire transfers, but then I remembered margin trading was a thing, so I just did.

>> No.25863765

I'm buying so it's about to go down, sorry bros

>> No.25863773

>>25862604
IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

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.25863824

>>25863773
U cant scale

>> No.25864234
File: 275 KB, 500x500, gura smug.png [View same] [iqdb] [saucenao] [google]
25864234

>>25863773
ngmi

>> No.25864269
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25864269

Bought at 950

Did I do good bros?

>> No.25864307
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25864307

I not only bought zee dip i stuck them in a Maker vault and used the Dai to buy the dip in Bitcoin

>> No.25864380
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25864380

>> No.25864413

>>25863773
Thanks, just bought another 100k

>> No.25864483

>>25863773
fuck off, copy paste bitch

>> No.25864514

>>25863765
not even your shit luck can stop it.

>> No.25864653

Some paper hands faggot sold me his eth for $916. kek

>> No.25864737

lucky fuckers i wasn't liquid but a swing from 1.35 to 900 would've been fucking delicious. too bad i could never pull that off so i just held and slept like a baby. as always.

>> No.25865064

>>25862604
No, but I cashed out some right at the top. Feels good, even though it's gonna get even higher.

>> No.25866110

>>25863773
As we all know, many people got attracted to BTC in 2020 because of its hardened monetary policy. 21M Bitcoin. Halvings every 4 years, etc. etc.

But in 2021 and 2022, ETH will get two upgrades that will give it a monetary policy that’s better than BTCs: (1) EIP 1559 and (2) deprivation of the POW rewards.

EIP 1559 is coming likely mid year and is a fee burning mechanism that will burn a portion of the gas fees in each transaction. So you can imagine the effect of this as the utility and value of Ethereum/DeFi/etc. goes up and people want to use it more.

Getting rid of the POW rewards in favor of the POS rewards will alone result in a issuance rate drop from about 4.5% to 0.5%. This alone is incredible because its an issuance rate less than Bitcoin for about the next 12 years.

Then, when you factor in the fee burning effects, ETH’s issuance can go negative (something BTC can never do). Over the next year or so, we will start to see ETH being talked about as a competing digital SOV to BTC, and I believe its going to gain a significant amount of that market share.

This doesn’t even account for ETHs utility as programmable money and collateral.