[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 57 KB, 746x544, Untitled.png [View same] [iqdb] [saucenao] [google]
28900445 No.28900445 [Reply] [Original]

>Eth 2.0 will no longer solve gas fees on Layer 1
So... what's the point of Eth 2.0 anymore if it's no longer going to solve scalability?

>> No.28900482

Arbitrum
/thread

>> No.28900580

buy ADA aslong as it is below $1

>> No.28900602

>>28900445
the fuck, that would give me some cold shudders if I held ETH kek. Thats like Sergey going "oh and btw staking is not coming"

>> No.28900635

>>28900445
link the source or fuck off (pls)

>> No.28900638

>>28900445
to be replaced by BSC

>> No.28900668

>>28900635
https://eth2.news

>> No.28900693

Peter the kike lead dev doing a good job of brapping away ETH's future.

>> No.28900742

How can this be a problem, just don't charge gas, lol why is this so hard, are these big brained tech guys actually dumb?

>> No.28900756

>>28900445
youll be able to stack on coinbase regardless of if you have 32. thats good enough for me

>> No.28900795

>>28900445
wtf lol? are they trying to crash this shit?

>> No.28900800

>>28900445
RIP

>> No.28900824

>>28900445
Isn't Layer 1 going to end up totally deprecated and replaced? Who cares?
All ETH1 tokens will be reissued on ETH2. L2 Dexs will be implemented and gas fees will decrease.

>> No.28900834
File: 236 KB, 1858x841, screencrop_01.png [View same] [iqdb] [saucenao] [google]
28900834

>>28900482
when tho.
fuckin ed

>> No.28900854
File: 36 KB, 647x636, IMG_20210211_011259_315.jpg [View same] [iqdb] [saucenao] [google]
28900854

AVAX wins gg

>> No.28900880

>>28900824
>L2 Dexs will be implemented
Doesn't that mean no more true decentralization?

>> No.28900887

>>28900445
layer 1 won’t be cheap but that isn’t the point of the upgrade, layer 2 will be vastly cheaper and faster and will be able to handle global adoption. layer 1 doesn’t need to be cheap it layer 2 is doing the heavy lifting

>> No.28900896 [DELETED] 
File: 87 KB, 947x710, 1612634838943.jpg [View same] [iqdb] [saucenao] [google]
28900896

I'm not selling you cheap ETH, faggot

sage in all fields

>> No.28900928

>>28900445
>fixing this problem would result in me making a lot less money
>Im not going to fix this problem
kek imagine actually thinking eth is going to fix scaling/gas fees when they're incentivized not to

>> No.28900948

>>28900445
Selling my 32 ETH stack as we speak. Vitalik Buterin belongs in jail

>> No.28900995

>>28900482
march

>> No.28901004

>>28900880
L2 can still be decentralized, arbitrum for example routes requests through the chainlink network

>> No.28901128

>>28900834
march

>> No.28901277

>>28900445
The point of ETH2.0 is to be a huge disappointment and phamp my ADA bags.

>> No.28901335

>>28900445
So ETH needs Chainlink now more than ever since chainlink controls arbitrum.

>> No.28901360

>>28900445
This is crazy! ADA and IOTA are looking really good right now!

>> No.28901397

>>28900445
Just trade shitcoins through Rubic.exchange when their L2 gets implemented and you are good

>> No.28901458

>>28900445
sell all your eth anon. sell it all

>> No.28901676

AVAX has the best tech out of all the competitor "ETH killers" and also has first move advantage with an ETH bridge and a DEX already out but sure go ahead and keep buying ETH for $1700 anons like the good goys you are

>> No.28902174
File: 135 KB, 1590x891, avax.png [View same] [iqdb] [saucenao] [google]
28902174

>>28901676
Avalanche is very interesting, Fantom is as well. If these platforms genuinely do everything Ethereum does, but better, and with lower transaction fees, then the inevitable consequence will be ETH falling out of favor.
We may see the beginning of a new era in which shitcoins are built entirely around these networks.

>> No.28902249

this shitcoin's fucking done, jesus christ

>> No.28902317

>>28900445
What the text says:
>2.0 won't fix layer 1 fees
what OP read:
>something about layer 2
what this means:
>OP is a faggot who can't into reading

>> No.28902511

>>28900445
so whats the point if eth2 and staking?

>> No.28903099

>>28900445
What's the most likely eth killer right now?

>> No.28903428

>>28902174
Realistically, how do Fantom and AVAX compare? Is there a reason why AVAX is much more highly valued or is FTM massively undervalued?

>> No.28903494

>>28903099
Eth 2.0

>> No.28903628

>>28903428
AVAX has been around for a long time, and Fantom was vaporware until like six months ago

>> No.28903654
File: 851 KB, 1228x1698, 1613333061550.png [View same] [iqdb] [saucenao] [google]
28903654

>>28900445
>they don't know about holochain yet
eth 2.0 is an eternal shitshow, holo is the next gen and may kill all traditional dapps. Or do you know any other dapp platform that can handle 1+ billion transactions per second without network congestion and with super low fees? hot will melt faces soon enough anon

>> No.28903695

>>28900445
This is Bitcoin Core 2.0 (BTC)
>All this stupid effort just to be right because they are autistic s o i cucks that need to "rule" their ponzi, instead of accepting the simplest of thruth
>RAISE THE BLOCK SIZES
>LEARN BASIC ECONOMICS
The day of the fork BSV already won. We just need to wait for everything to crash and burn until humanity can move forward. And is hilarious

>> No.28903860
File: 14 KB, 200x200, 59213747-B000-4CC7-86EE-39B529D8AF24.jpg [View same] [iqdb] [saucenao] [google]
28903860

>>28900445
incompetent ETH core developers painted themselves into a corner... AGAIN....

>> No.28903951

>>28900880
YES

>> No.28904018

>>28903099
BSV. It already has more transactions, lower fees , hundres of apps working right now.
You can't talk about it almost anywhere because they cancel you, and also they delist you from markets. Why? Because it solves the scalability problem, and all of that is against Exchange interests beacuse they love tether printing and wash trading.
With low fees and real DeFi markets inside BSV you don't need exchanges to fuck you over with fees. Also you don't need power hungry autistic devs that think that are above economic principles.
It's so simple that is tragic , but it's necessary to have a big purge. Cheers

>> No.28904029
File: 51 KB, 657x539, 9CD2F072-2FD1-456F-B95C-D9DBA7519359.jpg [View same] [iqdb] [saucenao] [google]
28904029

>>28901004

>> No.28904030
File: 28 KB, 374x535, 52331966_378857826243812_1714712851945357312_n.jpg [View same] [iqdb] [saucenao] [google]
28904030

>>28900445
There literally isn't. I hate 6o say it but what is the fucking point? Just about any other eth clone solves the issues eth does.

>> No.28904051

I have never fucking understood the purpose of gas fees.

>> No.28904101
File: 112 KB, 670x424, 39C3C802-D4F9-4558-B2A2-ED4E9FD777DF.jpg [View same] [iqdb] [saucenao] [google]
28904101

>>28903099
ADA

>> No.28904105

>>28903628
Dude fantom has been around for over a year at least. Just because it was fudded by a mentally ill tranny doesn't make it vaporware. That being said I'd love to know what avax does differently than fantom as someone up to their knees in it.

>> No.28904148

Just sold all my ETH, thanks

>> No.28904213

>>28904029
self portrait

>> No.28904235

>>28900445
Glad you asked that OP. Perhaps it would be a good time to finally read Chainlink’s white paper? It has been around since 2017 after all.

>> No.28904288

>>28903654
>rust
idk about that senpai. i guess time will tell though

>> No.28904342

>>28903428
In the perf metrics touted by each team they seem very close, however I haven't seen any of these figures independently verified. Also I believe Fantom is sponsored by the UAE or something like that.

>> No.28904433

Bullish af for polkadot.

>> No.28904504

bsc about to boom

>> No.28904512

>>28903428
The reason is just a coincidence. Both are shit and both are a Scam. They don't solve nothing and dont understand basic economics.

>> No.28904703
File: 150 KB, 750x656, 1613173310289.jpg [View same] [iqdb] [saucenao] [google]
28904703

>>28904101
the only correct answer

>> No.28904861

This is good for polkadot

>> No.28905256

>>28904703
short term whats a decent buy in price, ,6-,7?

>> No.28905361

>>28904288
Rust is extremely fast and equally secure. It's an amazing language for crypto, or what is your problem exactly?

>> No.28905798

>>28900995
Will they hit their target? It got pushed back over and over and over. I missed out on LoopRing because I was betting on them.

>> No.28905927

>>28900445
rip eth
barely even knew ya

>> No.28905935

>>28903099
Solana

>> No.28907054

>>28900580
You shouldn't just buy it or shill for it. You should start developing on it. Everyone on biz is a developer who moves between projects as quickly as the hype cycle demands, right?

>> No.28907133

>>28900834
His last name is Felcher? That's gayer than Chainlink.

>> No.28907256

>>28907133
short for fart belcher

>> No.28907306
File: 97 KB, 1280x720, 159432038135222.jpg [View same] [iqdb] [saucenao] [google]
28907306

>>28902174
I see yours, I raise.

https://scrypt.io/

https://tokenized.com/

>> No.28907312
File: 206 KB, 968x733, 8B4E0D81-8311-4475-8A88-9255870C6094.png [View same] [iqdb] [saucenao] [google]
28907312

>there are actual eth maxis
I understand being a btc maxi, or hell, even a link maxi, but an eth maxi? Jesus Christ

>> No.28907349

>>28907054
this LMFAO
i've been in some big defi projects since before they got hot last summer
the amount of fucking retards that come in and say 'hey guys have you thought about moving to cardano' is staggering, and laughable. It is never going to happen, and at best you'll get some buggy copypasta projects that your chains bagholders will use for a while.

>> No.28907409

>>28900445
EIP 1559 + L2 on Uniswap will solve a lot of this.

When the fuck is 1559 coming out? Any solid dates yet?

>> No.28907576

>>28900445
The point is to solve the data bloat issues that ALL chains currently face. Data is the most expensive. You can make that considerably cheaper via sharding. This WILL actually reduce L1 fees. The real solution for the current gas fee problem is L2 where you can currently trade with no gas fees. Check out Loopring.

>> No.28907774

so without eth sharding whats the point of ether the token then? all those layers will do what eth did and premine/use their own fee token so they make money. etheeum then gets fragmented and loses its network effects while bitcoin slowly moves forward in dominance with lightning that never uses a separate token.

the end game if ethereum relies on layers is those layers settling on bitcoin instead. same for any network that thinks it can handwave scaling by literally taking transactions off its own network and onto somebody elses

>> No.28907997

>>28907306
Its nice to have ambitious goals

>> No.28908594

>>28907774
There's a reason we have highways AND roads. You need both to have functional infrastructure. Highways are expensive to build and maintain. Roads can easily be built and replaced.

>> No.28908959

>>28900445
Bros...it actually is spaghetti code isnt it?

>> No.28909175

>>28908594
but eth was premined, and thus all second layers on eth have no qualms about launching their own token and demanding that be used for fees instead of eth. its just fragmenting ether's only purpose that gives it value. not bullish long term for the network

>> No.28909391
File: 743 KB, 1760x1262, https___bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com_public_images_7756f817-d587-4ebb-9908-8256413f7d2b_1760x1262.png [View same] [iqdb] [saucenao] [google]
28909391

>>28909175
>only purpose that gives it value
Yeah... No

>> No.28909599

>>28909391
eth is not a store of value, thats late adopter cope. it's a premined fee token for their base-layer network, nothing more, nothing less. eventually it might also be a way to secure the network, but if at that point most txs are on a layer paid for with some other companies token, that has a negative effect for on-chain security.

>> No.28910454

>>28903428
Fantom is a top five coin. Avax is garbage rn overvalued and has double spends. I actually wouldnt even think avax was a bad project but the way the team responded to an obvious double spend is what made me say fuck avax cant try to hide that shit

>> No.28910505

>>28909599
Youre a tool

>> No.28911393

>>28907409
not soon enough

>> No.28911646

>>28900445
so they cut the scope down to size because they couldn't deliver?

>> No.28911657

>>28904051
because you have never understood the purpose of Ethereum or ether

>> No.28911777
File: 108 KB, 1000x972, 1612750590540.jpg [View same] [iqdb] [saucenao] [google]
28911777

ahhh feels good

>> No.28911877

>>28907576
Finally someone who knows what they're talking about.

>> No.28912204

>>28910454
And none of them have any real movement besides Binance. Face it, BSC came first and they're going to win this fight

>> No.28912355

>>28909599
>not a store of value
Explain a $200B market cap

>eventually it might secure the network
Beacon chain is already running PoS

>most txs paid on another layer
Go read up on rollups since you have a knowledge gap. It's all ETH baby.

>> No.28912536

>>28907349
WHy wont it happen? Whats the downsides?

>> No.28912657

>>28912204
binance is chink shit
rule number 1: don't trust chinks

>> No.28912672

Algo made eth obsolete.

>> No.28912752

so what we are all suppose to pay 1000 gwei gas fees to transfer our shit coins to L2 rollup layer and then what? until there are fiat offramps for L2 its meaningless

>> No.28912775

So, they're just gonna use Harmony or something?

>> No.28912822

>>28900742
what?

>> No.28912847

>>28912775
or something

>> No.28913247

>>28912752
Soon you'll only ever be using L2. Users will never use L1 directly. There will be L2 <> L2 bridges (check out connext) that keep fees low and seamlessly transition your coins. And yeah, CEXs will have L2 ramps as well.

>> No.28913324

so do I turn my ETH into HBAR then?

>> No.28914630
File: 178 KB, 437x427, xsncane.png [View same] [iqdb] [saucenao] [google]
28914630

>>28900445
Stakenet fixes this.

>> No.28914693

>>28913247
>>28914630
Iykyk

>> No.28914696

what happened to raiden? been hearing eth 2.0 since 2018ish.

>> No.28914789

>>28914696
Too slow to get working on windows so everyone is using connext (for eth).

>> No.28915606

>>28900445
Cross-chain will be inevitable.

>> No.28915909
File: 626 KB, 652x562, FBE6DC46-8AEE-4BA7-A469-57112C643976.gif [View same] [iqdb] [saucenao] [google]
28915909

>>28900482
>/threading your own post

>> No.28916067

Are we still early? Normies don’t even know abput wrapped bitcoin...

>> No.28916174
File: 61 KB, 1000x800, 1587425421140.jpg [View same] [iqdb] [saucenao] [google]
28916174

>>28911777
checked

>> No.28916256
File: 129 KB, 1412x710, Untitled1.png [View same] [iqdb] [saucenao] [google]
28916256

>>28900928
72 million token premine controlled by SJW communists.

>> No.28916315

what's wrong with eth fees?

>> No.28916790

>>28916315
They thought they could scale on chain and got btfo.
The ETH devs just changed the definition of a full node to an archive node to plaster over the issue.
Now nobody knows how many ETH nodes there are, and the throughput has been capped with fees increasing.
There were even articles a couple months ago the archive nodes didn't even know how many ETH were in the total supply. (the numbers differed by 100,000s on archive node websites)

So basically it got too resource intensive and complicating they have to redesign the entire network into something called 2.0, but from OP's post it isn't even going to fix the throughput problem, lol.

>> No.28916837

>>28916790
I dont find the fees expensive. Maybe you're just priced out from ETH network

>> No.28916891
File: 108 KB, 469x800, 40cstablecoin.jpg [View same] [iqdb] [saucenao] [google]
28916891

/biz/ you only have less than 73 days left to finish accumulating

>> No.28917009

>>28916837
lol ok bud
When you want to think long term I'll post a reasonable response.

https://www.youtube.com/watch?v=unMnAVAGIp0

>> No.28917107
File: 1.90 MB, 3307x3937, 1607306691863.jpg [View same] [iqdb] [saucenao] [google]
28917107

>>28916256
>we are superior
Muh Colonialism and speaking the superior Anglo language. Pajeets seething.

>> No.28917110

XSN chads we won

>> No.28917202
File: 119 KB, 1412x758, 14777777.png [View same] [iqdb] [saucenao] [google]
28917202

>>28917110
Oof 1 off.

>> No.28917798

>>28900834
Ed Felten. Bu whatev.

>> No.28918029

>>28900445
WTF u talking about anon. Lukso already solved all that problems and spring 2021 it will give eth developers to test SC on ETH 2.0.. just check LUKSO. And time travel buy eth in 2016 @ 1$