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49473679 No.49473679 [Reply] [Original]

i need to take profit to kick in already. this is taking longer than expected.

who the fuck is still investing in optimistic tech? it will fade out and get replaced by ZK tech. Vitalik himself said that Ethereum will take a ZK centric approach.

if anything look at the funds allocated towards zero-knowledge. Zksync alone received a $200 million grant from BitDAO to develop ZkDAO (which will apparently be a scaling solution focused solely on DAOs)
now what the fuck is optimistic tech receiving? literally nothing

>> No.49473823

>>49473679
after todays exploit theyre going to zero for sure

>> No.49473917

>>49473679
why would they invest 200 mil in zksync? sounds a bit too excessive

>> No.49474035

>>49473917
bitdao literally has the largest treasury on the market. i dont think they really give a fuck about 200 million kek

>> No.49474079

>>49473679
never invest in anything other than Ethereum

>>49473679
>>49474035
also fuck off with you jeet scam

>> No.49474098

>>49474079
since youre so fond of ETH you should know that this "jeet scam" is the 38th largest ETH holder and holds more than 200,000 ETH in its treasury

just goes to show how ignorant you fucking faggots are. research before commenting your contradicting shit

>> No.49474173

>>49473679
i bought yesterday
im fucked big time

>> No.49474197

>>49474173
yes you are HAHHHAAHAAHAH

>> No.49474259

>>49474098
to be fair the numbers sound exaggerated but theyre really not. you just gotta look at etherscan

>> No.49474287

>>49474259
so we're just gonna give excuses to lazy fucks from now on?
shut the fuck up faggot

>> No.49474326

>>49473917
>excessive
they receive 75 million from bybit each month lmao. i dont think this is excessive for them

>> No.49474392

>>49473679
OP is a fucking scam

>> No.49475071

>>49473679
>if anything look at the funds allocated towards zero-knowledge. Zksync alone received a $200 million grant
ZK-Rollups are too expensive for arbitrary smart contract execution. They are affordable when the circuits are very simple, as in the case of swaps and simple payments transactions, but they are impossibly expensive and unworkable for non-trivial smart contract execution. Even breakthroughs like PLONK don't bring them anywhere close to being able to support the types of complex contracts that can already be run on Arbitrum with no modification. Do you understand how the proofs are generated in systems like zksync? Do you know the prover pods are centralized? Do you know what challenges they must overcome to decentralize the provers? Currently the zksync team eats all the cloud compute costs associated with the prover pods. What is to stop me from asking them to generate lots and lots of very expensive proofs? They must censor me or they must find a way to make the users pay the costs of generating the proofs. And what about security? If I'm paying for and generating my own proofs, is the zksync team going to trust and store my proof in their private database? How do they decentralize that? There are some major, probably insurmountable, obstacles for zk rollups to overcome if they want to be a place where devs can execute any general purpose EVM-compatible smart contract.

>> No.49475224

so when do I buy

>> No.49476027

>>49473823
calling it an exploit is generous lol, was just outright incompetence

>> No.49476376

If you know anything about zk's you'll know it has a far way to go before actually doing something. OR is currently the best approach.

>> No.49476511
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49476511

>>49473679
FreedomCoin, back to basic coins.
Chain on a chain browser tokens, kek sounds like hell.

What happened with crypto? Sending recieving without middlemen.
Run your bank at home.

>> No.49477396
File: 257 KB, 680x714, ethereum-l2-solutions.png [View same] [iqdb] [saucenao] [google]
49477396

>>49475071
> ZK-Rollups are too expensive for arbitrary smart contract execution.
Right... That's why zk-rollups tend to either be cheaper than or match the price of optimistic rollups: https://l2fees.info/

> Even breakthroughs like PLONK don't bring them anywhere close to being able to support the types of complex contracts
Tfw neither of these are sufficiently complex for anon:
- https://aztec.network/
- https://dydx.exchange/
- https://github.com/makerdao/starknet-dai-bridge
- https://loopring.org/#/post/damm-distributed-amm
- https://medium.com/starkware/a-trustless-sidechain-to-starkex-bridge-secured-by-ethereum-61e00f19f7e0
- https://medium.com/starkware/caspian-an-l2-powered-amm-f20e93b5421
- https://medium.com/starkware/conditional-transfers-the-key-to-interoperability-2e1de044fb65
- https://medium.com/starkware/defi-pooling-1332ddebff21
- https://www.immutable.com/

>> No.49477432

>>49473679
ethereum is a failed shitcoin

>> No.49477457

>>49475071
I hate nerds man

>> No.49479153

STAY OPTIMISTIC EVERYONE

>> No.49481852

So do we short this shit or will it bounce back

>> No.49482689

>>49477396
StarkNet is Layer 4 alien tech, they even got their own programming language named Cairo.

>> No.49482938

>>49481852
I'm longing now, this hack is a nothingburger for most retards like me (99% of retail investors), especially in the long term and it's L2 season anyway, there's just a huge room for growth given their big dev community, small mcap and huge demand for low fees on eth.

>> No.49484593

>>49474079
you mean Bitcoin

>> No.49485039
File: 2.51 MB, 286x258, 1628104138169.gif [View same] [iqdb] [saucenao] [google]
49485039

>>49482938
>it's L2 season anyway

>> No.49485133

My money is on Matic. It's made by literal pajeets but unfortunately being racist is not something you do for profit.