The flippening begins this August

[Anonymous No.50519540]

The eth merge clueless retards are memeing in here is by far the most bullish event to ever happen in crypto
Do you anon know why every halving btc goes at new ATH?because it becomes less inflationary by cutting down the rewards making it more and more scarce
After the merge ethereum becomes deflationary meaning that more ETH will be burned than produced every year
>ok so what
Every big investor/funds or whatever will choose ETH over BTC from now on
>Deflationary>inflationary
>ETH has actual usecases and whole ecosystems while btc has absolutely nothing
>POS is considered friendly to the enviroment while POW is a big no no for all the big funds that try to fit in the enviromentaly friendly era
Ethereum will have flipped BTC by end of 2022,eth will propably contest a new ath while btc will battle the 30s
This event will spike a huge alt season to the market in the upcoming months
No one is positioned for it,most are shorting and its the scenario that will fuck everyone up by fomoing at way higher prices than here
Plan accordingly

[Anonymous No.50519581]

Can I say fuck off to my manager on August 1 with 295 ETH ? Goal is to generate staking income more than wageslave salary which is around $90k

[Anonymous No.50519583]

I just wish I hadn't sold 5% of my stack at $1,200.

[Anonymous No.50519608]

>>50519581
Assuming a staking APR of 6% and that you're staking 288 ETH (9 validators), the ETH price would need to be $5,208.34/ETH to earn $90k/year.

So, the answer is yes.

[Anonymous No.50519612]

>>50519581
yes if u stake it you will be able to live comfy enough in the future(unless 100+k per year not enough for u kek)
>>50519583
well u better hope next week is a bit volatile due to earnings/fomc and u get the chance to buy as close to this price as possible,imo we fly as soon as we clear from earnings

[Anonymous No.50520042]

>>50519540
Shut the fuck up pls. This mongolian pedomanga forum doesnt deserve it, the majority is already priced out by buying dogcoins, let them sleep and fomo with their 100$ north from 10k!
You know guys 70% premine and vitalik is pedo etc etc ...

[Anonymous No.50520072]

i went all in eth at around 900-1100

literally all in... well, I guess I could still sell my car...

[Anonymous No.50520160]

>>50519540
It will come close but when it does sell. There's no fucking way the market movers will allow btc to be dethroned

[Anonymous No.50520188]

>>50520160
Why? Just because?

[Anonymous No.50520228]

>i'm bullish when PA is bullish
Imagine my shock

[Anonymous No.50520242]

>>50519540
>Do you anon know why every halving btc goes at new ATH?because it becomes less inflationary
Priced in, retard. S2F is horseshit.

[Anonymous No.50520753]

Heuuuu biz bros my ummm... "friend" bought here... He will still make it r-right ?

[Anonymous No.50521135]

OP is based
The flippening will eventually happen
ETH whales are going fucking insane and buying ETH like its discounted cocaine. Go to Etherscan and you’ll see some ETH giants like BitDAO buying around 380 ETH on a daily basis with more than 220k ETH in their treasury already

[Anonymous No.50521161]

>>50521135

every single time i get on biz i see some faggot mention bitdao buying up eth.

fucking shills gtfo
this tells me not to be bullish

[Anonymous No.50521302]

>>50521161
fucking kek, 100% this
> muh “Is XXX ETH enough to never wagecuck again?”
> muh “BitDAO buying up mega quantities daily”
like clockwork. fuck off or at least get a little more creative

[Anonymous No.50521446]

>>50519608
staking rewards are expected to be above 10% once tx fees go to validators and MEV is in place.

[Anonymous No.50521449]

>digital coin group communists out in force to sell worthless bags
KEK

[Anonymous No.50521626]

Proof of stake is garbage. Receiving money just because you already have money is the dumbest concept ever and basically recreates the problems with the fiat system. Creating money from nothing always leads to problems.

Proof of work means you have to continually invest in hardware and electricity to generate new money. The money isn't materialized for free, it's generated by the spending of energy.

ETH was a blue chip but after the merge it's gonna be just another shitcoin.

[Anonymous No.50521660]

>>50521626
Proof of stake is fine. They're both just methods to secure the network and spend time into money. Investing in new hardware or more eth is the same shit with different steps. Plus mass mining is incredibly bad for the environment. The problems with the financial system as it has been is much more than parking your funds and getting some type of interest. It's corruption, lack of transparency, and unfair standards and outcomes.

[Anonymous No.50521674]

the only flip eth will be doing is a backwards one off a building. PoS is trash and their entire network will become grossly insecure and non-functional without miners securing it with PoW.
it's going to be an absolute shitshow.

[Anonymous No.50521733]

>>50520042
great post, thanks you dumb nut
/biz/ is the best alpha on this planet, if you can read it. prove me wrong

[Anonymous No.50521748]

Holy fuck this thread is just straight up fucking facts. lmao bitches whining about pos are going to fomo in later lmao. polygon zkevm is coming

[Anonymous No.50521755]

>>50521660
Oh no not le heckin environment

[Anonymous No.50521800]

>>50521755
Imagine being this proud of being an uneducated peasant. Plus it's much better for overall optics, and you aren't losing anything with mining.

[Anonymous No.50521811]

>>50521446
For a short time, yes. But will come down as more people rush to stake. This will mean a price pump tho

[Anonymous No.50521821]

>>50521733
>prove me wrong
prove yourself right first

[Anonymous No.50521861]

>>50521755
Doesn't matter what your personal opinion is, it's a fact that there are investors who value greenness and this will affect the market. And it's stupid to think that it's not objectively better to be more environmentally friendly, you just want to be an edgy contrarian.

[Anonymous No.50521998]

>>50521861
>t.retard
they value a temporary limited tax payer subsidized fascist socialist welfare for the private sector. They give a crap about nature and environmentalist bullshit

[Anonymous No.50523306]

>>50519540
I am a solo validator.

Staking is around 4% APY for most people. It will increase to maybe 7-8% after the merge for a SHORT AMOUNT of time before coming back down. Longer term probably 5% APY, who knows.

Note that also in the long term there will be caps on validators. Either hard caps with amount of active validators allowed, or soft caps where attestations will be spread out such that your validator will not be active all the time anymore, cutting down APY further.

There are no reliable stats yet on MEV, don't believe any claims you hear yet. People are completely guessing at 50-70% increase, but of course if it's really that easy to do (just run mev-boost, point to your relay of choice, and set a flag on your CL client) then everyone is going to do it. And if everyone does it, the rewards will be spread out and much lower for individual validators, unless you get lucky.

>>50519612 If you expect $100k+/year, then at (a VERY optimistic long-term) 8% APY that equates to around a $39k ETH. Quite optimistic, but very possible.

Speaking of getting lucky, my node got selected for sync committee and multiple block proposals already. Suddenly I'm getting the equivalent of 22% APY, for a short period of time at least. And this is all in ETH terms so...

Also it is amazing how easy and hands-off this turned out to be. I've got multiple dashboards and alerts (both e-mail and text message), all pre-tested and verified to work as intended. Haven't had any issues though. Upgrading the EL/CL is extremely painless too.

[Anonymous No.50523406]

>>50523306
>Note that also in the long term there will be caps on validators
this will never happen in eth2.0 PoS since it can't be enforced on protocol level, this would require some kind of identity layer which would never be natively implemented into ethereum, which is permissionless in its nature.

[Anonymous No.50523435]

>>50523406
Don't you just have to tweak the parameters for the entry queue? There are already rules on how many validators can enter at a time in the protocol.

[Anonymous No.50523484]

>>50520753
Based sluper, ygmi

[Anonymous No.50523517]

>>50523435
>There are already rules on how many validators can enter at a time in the protocol.
yes but they are being processed equally through the queue. it's nearly impossible to determine whether two validators belong to the same person, it boils down to the fact that you will never be able to prove that you do not know the private key of a certain ethereum address. you can only prove the opposite.

[Anonymous No.50523566]

>>50519540
I've seen hundreds of deflationary shitcoinsstill go to zero, it doesn't really matter. What Eth needs is scalability not meme tokenomics.

[Anonymous No.50523601]

>>50523517
Okay, and? Nobody is arguing that. Only that there likely will be caps on validators.

[Anonymous No.50523642]

>>50523306
>$39k ETH. Quite optimistic
My room little pp cant get any harder, stop making me dream

[Anonymous No.50523715]

>>50523601
you can't implement caps on ethereum, that's the point.

[Anonymous No.50523766]

>>50523306
do you use a vps?

[Anonymous No.50523818]

>>50523715
Not "on ethereum", just the validator set. It is 100% possible, VB even made a proposal for it.

>>50523766
Local data center

[Anonymous No.50523855]

>>50523818
>Local data center
could you expand on this? is the idea to avoid the big players/centralization at all costs?
where could i find or search for reliable local datacenters close to me?

[Anonymous No.50523934]

>>50519540
People are being too conservative with this
All of the following at once

- Way less overhead and sell pressure
- Increased user level incentive to buy and hold
- Literally every underwater investment firm with some esg idiots on the board will HAVE to buy in to the "cutting edge green crypto"

Eth will be at least 25k by end of year with low base staking apy but with every other use of eth (cex mms, amms, aave, stablecoin collateralization) offering the best yields in the space

Yes l1 ops will be insanely expensive but everyone will use arbitrum by then since exchanges will effectively force every non whale user onto it by way of withdrawal fees

[Anonymous No.50523935]

>>50523855
You could go with AWS/Azure/Google if you wanted to, it really isn't that big of a deal. The only real issue is that if an entire region went out at once, you might be more likely to incur higher correlation penalties. But the same holds true if your city lost power, anyone staking in local data centers in that city (including AWS/etc data centers) might be correlated. Best is staking from home, if you have reliable power and no data cap on internet.

[Anonymous No.50524023]

>the merge
does nothing for the protocol's functionality. Buy the merge sell the disappointment as normies see a DEX swap still costs $40. This time in a crypto winter.

Does enable the purge splurge which should raise prices, but that's in 2050.

>deflationary
like eip1599 there's no value add. If that's what matters, just change the burn's floating value to burn quicker. Skip the ETH 2.0 shit.

>esg green crypto
Algorand is the globohomo green crypto

[Anonymous No.50524039]

>>50524023
>unlocks staked eth

[Anonymous No.50524254]

>>50523935
thanks fren

[Anonymous No.50524680]

>>50524039
The merge does not unlock staked ETH.

[Anonymous No.50524838]

Is 64 enough to make it?

[Anonymous No.50524892]

>>50523934
you forgot, no usage, no demand for blockspace, 1000x competition.
The Maker Mafia is done

[Anonymous No.50524923]

>>50524892
Eth is currently the most in demand network by fees you fucking retard

[Anonymous No.50524935]

[Anonymous No.50524936]

>>50521674
am curious if this will happen

[Anonymous No.50524968]

>>50524923
lol imagine believing this

[Anonymous No.50526490]

>>50524838
More than enough

[Anonymous No.50526534]

qom didnt flip shib
classic eth wont flip eth
etc
people dont like change

[Anonymous No.50526547]

>>50519540
I'm moderately interested to see how this event will play out.

[Anonymous No.50526549]

>>50526534
But shib flipped doge.

[Anonymous No.50526613]

>>50523306
this kills the crab, and the bear

[Anonymous No.50527255]

>>50526547
Probably the biggest crypto catalyst in years, but who knows on price

[Anonymous No.50527345]

>>50519540
>The flippening begins this August
Indeed. XRP will win the lawsuit and will flip ETH and will flip BTC soon after.

[Anonymous No.50527366]

>>50527345
I really feel sorry for them.

[Anonymous No.50527396]

>>50521626
Idiot PoW means miners have no skin in the game, PoS means validators are economically incentivized not to fuck with the coin

[Anonymous No.50527407]

>>50521748
FR

Everyone who's pro PoW by $10k ETC, Everyone pro PoS by $10k ETH....

we'll see who's got generational wealth a decade from now

[Anonymous No.50527425]

>>50523306

Based, I kneel...

How do you set up a solo validator?

Is it realistic for a non DevOps software engineer?

[Anonymous No.50527475]

>>50527366
Kek it’s always the normie schizo types I hear hyping up there xrp bags in random places. It’s usually some low iq manual labor worker who is chattering his coworkers ears off while they are sweating their asses of and he’s going on about his pipe dreams and how every bank has already excepted xrp and any day now xrp is going to pump hard af. Sad.

[Anonymous No.50527652]

>>50527425
It is surprisingly simple, you just need to be computer literate.

There are full start-to-finish "for dummies" guides for pretty much every setup, for example
https://someresat.medium.com/guide-to-staking-on-ethereum-2-0-ubuntu-prysm-56f681646f74

If you're getting your own hardware, you don't need anything super fancy, an old computer will work fine, there's relatively little CPU usage. The important part is to have enough RAM (4-8 GB at least) and to use SSD storage (a must). And RAM/storage is cheap. And ETH is still in the price range where the average crypto joe can realistically accumulate the 32.

You can have everything up and running and test out your alerts and all that, for as long as you want, before you commit to depositing to the beacon chain.

If you're thinking of being a validator, start reading up now. The merge is likely in a couple months, and those of us already validating are going to be taking advantage of a huge spike in yields right after it happens. Up to 7-8% base, maybe 11-13% if you also take advantage of MEV for your block proposals. The post-merge APY is speculation/estimation though

[Anonymous No.50527690]

>>50519540
>Do you anon know why every halving btc goes at new ATH?
Because it was designed to line up precisely with the US election cycle and the Chinese credit impulse cycle. Oh, you don't know what that is? Maybe you should sit back down then?

[Anonymous No.50527790]

High iq post

[Anonymous No.50528244]

>>50527652
Thank you!

[Anonymous No.50528391]

>>50527690
Republican win in "24. Btc to 1 million+ in '25. It really is that easy.

[Anonymous No.50528407]

>>50519540
>Every big investor/funds or whatever will choose ETH over BTC from now on
BSV will flip both of them ponzi scams.

[Anonymous No.50528493]

>>50521998
it's about maintaining an image, you fucking idiot

[Anonymous No.50528775]

>>50519540
>Do you anon know why every halving btc goes at new ATH?because it becomes less inflationary by cutting down the rewards making it more and more scarce
you're braindead if you don't think $4800 ETH didn't price this event in - it's literally all you faggots could talk about "THE TIRPLE HALVEDNIFNIGNBBNIGF!!!"
PoS = piece of shit; no miners, no value

[Anonymous No.50528789]

>ETH switching to PoS is bullish
fucking cringe

[Anonymous No.50528839]

>>50524968
Look at daily fees you retard craig nigger cock sucker

[Anonymous No.50528849]

>>50528789
didn' you know the government is going to buy eth from us by printing copious amounts of dollar

[Anonymous No.50528957]

>>50527652
Are there any risks involved? Only have 10 eth. But can sell my other coins and get 32 if i want now

[Anonymous No.50529182]

>>50528957
There is slashing, but only happens if you do stuff like try to build a redundant HA system with multiple machines. As long as your validator key is on one and only one box then you don't have to worry about that.

Inactivity penalties simply drain as much as you would have gained in that epoch. So for example instead of +0.00002 ETH it's -0.00002 ETH per epoch until your machine is back online and attesting.

Nobody has 100% uptime so don't worry too much about that. Even if your machine is off for several hours you'll only leak like 0.001 ETH or something typically. Obviously aim for as much uptime as you can.

[Anonymous No.50529240]

>>50527475
Those were the sorts of people who invested in Bitcoin early when most people just thought it was monopoly money because of the people who were buying it.

[Anonymous No.50529393]

>>50529182
eh.. we'll see what happens. i guarantee people will see slashing for no reason.

[Anonymous No.50529615]

>>50529393
The beacon chain has been running since 2020 already. We've seen slashing occur, and it's always someone who has two validators running due to some dumb mistake.

The only cases where slashing occurs are when you propose multiple blocks at the same time, or multiple votes at around the same time. That can only ever happen when you have a second validator running due to a misconfiguration. Like if you get cute and try to engineer a two-machine failover system and it messes up. One person make the mistake of running a second validator directly in shell when they already had a daemon running.

A lot of people think that the merge is going to be some kind of blind experiment, when it couldn't be further from the truth. The consensus layer (what PoW is being swapped for) has been running and battlehardening for almost 2 years now. They've already transitioned 2 testnets to PoS without issues, and test with mainnet shadow forks every other week or so

[Anonymous No.50529684]

>>50524968
Oh it’s this retard again kek. COPE.

[Anonymous No.50529685]

I got about 100 ETH but it's all in an ETH ETF in my tax-advantaged account. I wonder if these ETH ETFS will do staking and offer a yield.

[Anonymous No.50529846]

>>50523306
>>50523435
>>50523818
caps on validators, holy shit. how can anyone be this dumb?
how would you ever know that "two people" hiding behind completely anonymous addresses aren't really just the same person?

[Anonymous No.50529869]

>>50529846
Again, cap on the total validator set dude. Nobody said anything about trying to determine whether multiple validators are the same person.

[Anonymous No.50529921]

>>50529869
that is a non-solution to a different problem. it certainly doesn't solve the sybil problem i mentioned. if anything, it makes centralization worse

[Anonymous No.50530022]

>>50529921
Okay? I wasn't talking about anything to do with sybil resistance whatsoever. Just that some sort of cap on the validator set will likely be in place in the future.

Vitalik's proposal is here https://ethresear.ch/t/simplified-active-validator-cap-and-rotation-proposal/9022

There would potentially be a rotation in effect. So not a hard cap but "soft" cap, where anyone can still join as a validator, it's just that your validator may not be active all the time.

[Anonymous No.50530164]

Am not waiting till 2058 for my BTC to finally be deflationary. Switching to ETH.

[Anonymous No.50530255]

>>50519540
2moreweeks.gif