/biz/ - Business & Finance

[Anonymous No.51444434]

imagine still owning an inflationary shitcoin called BTC
enjoy your inflation until ~2120 lmao

[Anonymous No.51444450]

>>51444434
So gas is cheap now?

[Anonymous No.51444455]

>>51444450
fees didn't change

[Anonymous No.51444459]

>>51444434
ouch, so close to six digits in a row - cursed token.

[Anonymous No.51444465]

Cardano is KING. FUCK ETH

[Anonymous No.51444472]

>>51444455
Then what was the point?

[Anonymous No.51444475]

>>51444472
to end massive inflation paid to miners

[Anonymous No.51444481]

>>51444434
People are not ready for the incoming supply shock
Next few months are going to be biblical

[Anonymous No.51444485]

>>51444472
to prepare for sharding, which will lower gas fees

[Anonymous No.51444488]

>>51444472

[Anonymous No.51444495]

>>51444434
Deflationary ponzinomics hmm. Too bad proof of stake is not permissionless

[Anonymous No.51444509]

>>51444472
it fixes the bullrun problem.

[Anonymous No.51444516]

>>51444495
>Too bad proof of stake is not permissionless
btc
>buy asic from some chinese company
vs
>buy eth from whoever
PoS destroys PoW in how easy it is to join
you can stake anywhere where there's internet, no need for high energy connection

[Anonymous No.51444525]

>>51444472
Give a way out to people who never bought or said crypto is a scam. Now they can come out of this as winners in their own heads and get into crypto. This applies to whole governments too

[Anonymous No.51444557]

>>51444434
please what's the website anon ?

[Anonymous No.51444567]

>>51444434
I'm going to be so fucking rich

[Anonymous No.51444569]

>>51444557
https://ultrasound.money/

[Anonymous No.51444584]

Was it priced in?

[Anonymous No.51444588]

>>51444569
thank you fren, nice website

[Anonymous No.51444616]

>>51444444
I'm still stuck in staking

[Anonymous No.51444702]

>>51444472
Now we don't have miners dumping millions of dollars worth every single day to pay for electricity

[Anonymous No.51444740]

i only have 6 eth am i gonna make it fellas?

[Anonymous No.51444835]

>>51444434
>The merge won't happen they said
>Sell the news they said
>Eth will never be deflationary they said

[Anonymous No.51444861]

>>51444434
holy shit im erect, ultra sound money HNGGGGGGGGGGGGGGGGGGGGG

[Anonymous No.51444886]

>>51444740
how does 6 million sound?

[Anonymous No.51444887]

bitcoin is just the money you will inevitably sell your eth back into. eth is just for making that money in the first place.

[Anonymous No.51444907]

>>51444887
why on earth would anyone sell eth now for btc, eth is a much better store of value on paper now

[Anonymous No.51444921]

>>51444907
but le supply cap! just wait until 2200!

[Anonymous No.51444923]

>>51444434
what site is this?

[Anonymous No.51444926]

>>51444923
https://ultrasound.money/

[Anonymous No.51444932]

>>51444485
so a third consensus layer now? Is this a fucking lasagne?

[Anonymous No.51444934]

>>51444472
Removing wasteful PoW and cutting energy use by 99.98%.

Instead of Ethereum consuming the power of the entire country Chile, it now consumes the same amount of power as a hundred or so schools.

That's insane. Especially in this day and age as ESG narratives will play a larger and larger role as time goes on.

Also ETH is now deflationary under normal conditions, which is good for price.

Also slashing for bad actors in PoS is a much better mechanism than forking out bad (and good) actors under PoW. Because bad actors can only attack once and then have to spend money buying 51% again.
Under PoW you can keep attacking until the social layer does something (which is unproven).

[Anonymous No.51444948]

>>51444934
This anon gets it.

[Anonymous No.51444957]

>>51444434
how is it inflationary if supply is going down?

[Anonymous No.51445001]

>>51444932
no. sharding has nothing to do with the consensus layer (for example, KDA has sharding with POW). PoS is just a scam to steal your money.

[Anonymous No.51445015]

esg fags make me sick

[Anonymous No.51445020]

>>51444907
>now
nobody would sell it now

>>51444934
>esg
energy usage? who cares. any non-blacklisting blockchain will be against their narratives. don't think you can bend over for just one of their demands.

the most bearish case is if ethereum's move to proof of stake was in any way driven by energy usage concerns.

[Anonymous No.51445025]

>>51444934
>>51444948
It's faggots like you two that drive your cars around and then tell yourself your helping the planet by supporting some corporate brainwash bullshit like esg. bitcoin mining creates electricity demand and actually helps prepare the grid for electric cars. You should try thinking for yourself.

[Anonymous No.51445041]

>>51445025
>electric cars
>any kind of solution to environmental concerns
i see thinking isn't going that well for you

[Anonymous No.51445053]

>>51445001
https://blog.ethereum.org/2020/03/27/sharding-consensus

[Anonymous No.51445076]

>>51445041
It's a straw man answer to a straw man argument. ESG is bullshit. Blaming global warming on bitcoin is utterly fucking retarded and the hand rubbing pedos pushing this false narrative should be lined up along a wall and ventilated.

[Anonymous No.51445101]

>>51445076
those hand rubbing pedos run the world and that's why esg is relevant just like electric cars are
deal with it

[Anonymous No.51445146]

>>51445053
>would liars ever lie to me?
And the DAO reversal was for the good of the ecosystem, not to get their own money back.

[Anonymous No.51445151]

>>51444934
It isnt deflationary once token emissions start up for staking

[Anonymous No.51445228]

>mfw the burn rate accelerates out of control

[Anonymous No.51445357]

>>51445151
it literally always is above 15 gwei gas, which even now in the depths of a bear market with all time low on chain activity is being reached.

[Anonymous No.51445394]

>>51445001
KDA is garbage. You fell for a discord tranny P&D

[Anonymous No.51445647]

So, how long until there are 0 ETH in circulation and we're finally free from this scam shitcoin?

[Anonymous No.51445670]

>they don’t realize block rewards go from 450k/month to 40k. At current prices that’s $600m of sell pressure off the table.


>>51445647
thousands of years.

[Anonymous No.51445682]

>>51444934
so it's a scam then, got it

[Anonymous No.51445711]

>>51444434
Won't they just raise Staking rewards to find a balance

[Anonymous No.51445725]

>>51445025
>If we use more power for Bitcoin then we can later have more available power for cars when Bitcoin dies entirely
Actually good argument thanks

[Anonymous No.51445737]

>he didn't sell the news

[Anonymous No.51445740]

>>51444434
Bros why is the amount of eth increasing? I thought it was supposed to be deflationary.

[Anonymous No.51445757]

>>51445670

[Anonymous No.51445769]

>>51444450
You're a fool if you think the price of gas will soon drop. Is the primary reason for the merger the gas fee? On FreewayFi, and ORE, the transaction charge has been incredibly minimal for me.

[Anonymous No.51445774]

>>51445670
if you think there's been 600 million inflows into ethereum up until now you're in for a surprise when the price does nothing for the next year.

[Anonymous No.51445778]

>>51445394
kda is a cute tranny coin
too bad they suck at marketing and have no strategic partners

[Anonymous No.51445800]

>>51445711
I'm not fucking waiting for that a bit. I'm pleased with myself because buying Freeway supercharger make's staking more interested

[Anonymous No.51445803]

>>51444740
>Balance:
>0.138917303915167553 Ether
>EtherValue:
>$222.66 (@ $1,602.84/ETH)
I mined for a year with gtx1660, at least company paid for electricity.

[Anonymous No.51445830]

>>51444516
Yeah you JUST need 32 eth or give up your keys to the exchange

[Anonymous No.51445849]

ETH is now at the mercy of governments and exchanges with large holdings. ETH will be great so long as they follow orders. The large ETH stakers will get more and more as time goes. Same as the fiat system.

[Anonymous No.51445857]

>>51444516
you can CPU mine anywhere there's internet as well with low energy requirements. Meanwhile proof of stake needs tons of money to start (otherwise where is your stake?)

proof of stake is centralized as fuck because those with the most money (exchanges) can have the ultimate control over block voting.

The only reason bitcoin mining is centralized is because the fuckers running it today strayed away of it's goal for decentralization when they decided to bend over for ASIC manufacturers instead of switching to a CPU dominant algorithm.

[Anonymous No.51445858]

anything that isnt PoW is a scam

[Anonymous No.51445866]

why is it dumping guys

[Anonymous No.51445870]

>>51444934
>Also slashing for bad actors in PoS is a much better mechanism than forking out bad (and good) actors under PoW. Because bad actors can only attack once and then have to spend money buying 51% again.
>Under PoW you can keep attacking until the social layer does something (which is unproven).
Wait a minute. This kills the PoW maxi argument that "PoS is fucked because once you get 51% you stay in power". Maxis are retarded.

[Anonymous No.51445877]

>ooh boy let me think of why I need this Ethereum ...
>Uh um monkey pictures
>It just makes money cause uhhhh internet

Crypto is worthless outside xmr

[Anonymous No.51445899]

>>51445670
>$600m
mEthereum does like 10x of that volume on a given day

[Anonymous No.51445906]

>>51445877
Crypto is worthless outside of being digital cash, which xmr is one of few products that even attempt to reach this goal.

[Anonymous No.51445929]

>>51444934
Butcoiners BTFO

[Anonymous No.51445952]

>>51444702
And graphics cards will become affordable again.
Imagine all those used GPUs hitting ebay.
Is this a good time to short nvidia?

[Anonymous No.51445980]

>>51445952
They'll probably just switch to next shitcoin that will get hyped on twitter and reddit.

[Anonymous No.51445983]

>>51445857
> you can CPU mine anywhere there's internet as well with low energy requirements.
you are never going to make a profit like this retard
>. Meanwhile proof of stake needs tons of money to start (otherwise where is your stake?)
to make money in proof of stake you can just deposit in a staking pool and make money with as little as 1 cent, your laptop cpu still costs money and its going to give you back literally nothing from mining due to high difficulty, youre competing with literal fucking farms and contributing nothing if you join a mining pool
> proof of stake is centralized as fuck because those with the most money (exchanges) can have the ultimate control over block voting.
assuming this argument is even valid, it's exactly the same fucking thing with large miners
staking pools at least are holding capital from investors, so if investors and the community determined that they're doing things wrong, after the post-merge hardfork when withdrawals are enabled capital can just rotate to good actors.
this cannot even happen for miners as you need to buy fuck tons of hardware to even compete with farms
> The only reason bitcoin mining is centralized is because the fuckers running it today strayed away of it's goal for decentralization when they decided to bend over for ASIC manufacturers instead of switching to a CPU dominant algorithm.
so what, it's fucking wasteful as fuck anyway and you have to pay a lot more money to miners to validate than validators

why are bitcoiners so fucking dense and stupid?

[Anonymous No.51445985]

>>51445849
Yes. Instead the rich controlling computational power the rich now control the tokens. Either way open public blockchains can always be compromised by governments who are able to get enough computing power or tokens depending on the consensus algorithm. Then there's the possibility of forking, but that's only relevant for the users that actually know what they're doing. After mass adoption that will be a miniscule percent. The average user doesn't care if any particular version of ethereum is P2P or indirectly run by governments. You'll probably have the option to opt out of the government chains and surveillance mechanisms, but for most it will be too inconvenient

Tldr: with enough money and power governments can control any resource whether it's computing, tokens or blockchains in general. And it's unlikely the masses will care.

[Anonymous No.51446011]

>>51445985
If anything you could argue in a PoS system the token holders can simply not sell the tokens. That's more feasible than keeping the governments from gaining computational power. That being said in the current situation the monetary takeover of Ethereum was probably more convenient for the institutions

[Anonymous No.51446024]

>>51445849
i almost never come to biz because i always encounter this kind of retard arguments
capital can rotate out of staking pools if they act maliciously, you can also slash their stake if they do so or exit their validators without slashing their capital
can you tell me one fucking tool you have if 2 massive bitcoin mining pools decide to attack the network?
thats right, none, just buying a fuck ton more asics which are produced with finite resources and are literal fucking e-waste when other better asics start being used to mine
the network is meaningfully more decentralized in PoS because actual individuals can participate in the process of validating the network

it is shocking how dumb btc maxis are

[Anonymous No.51446070]

>>51445800
Don't care about how interesting it is. All I want is to stake and make more money from my stakes.

[Anonymous No.51446097]

>>51445983
>you are never going to make a profit like this retard

You will if you are competing against other CPU miners.

>to make money in proof of stake you can just deposit in a staking pool and make money with as little as 1 cent, your laptop cpu still costs money and its going to give you back literally nothing from mining due to high difficulty, youre competing with literal fucking farms and contributing nothing if you join a mining pool

Not true at all, you will make nothing in proof of stake unless you already have enough money to give your votes enough weight. Your mining pool argument only applies to bitcoin.

>assuming this argument is even valid, it's exactly the same fucking thing with large miners

Again, solved by cpu mining since large scale farms are impractical, though mining pools are still an issue. At least if I'm in a mining pool I can switch where my miner points whenever I want. Most sheep will stake with an exchange so then what will they do? Tell them to give them their money back and stop attacking their network? Silly.

>why are bitcoiners so fucking dense and stupid?

I'm not a bitcoiner you're just a fucking idiot and don't understand that proof of work can be designed in such a way that CPUs dominate mining preventing massive farms from being spun up.

[Anonymous No.51446158]

>>51446097
> You will if you are competing against other CPU miners.
right but youre not, youre competing with farms in the only meaningfully relevant proof of work chains
> Not true at all, you will make nothing in proof of stake unless you already have enough money to give your votes enough weight.
you can deposit in a staking pool that will take a cut and you can still earn from staking
> Most sheep will stake with an exchange so then what will they do? Tell them to give them their money back and stop attacking their network? Silly.
not even 1/3 of the stake is in exchange staking pools, most of it is in liquid staking derivatives, and the rest is on permissionless user-owned nodes (rocket pool and individual stakers).
theres obviously also an incentive for staking pools to be honest, just like there is for mining pools. Permissionless protocols automate exiting and entry of validators into the network depending on the inflows/outflows of capital from the protocol. If people stake, nodes are spun up, if people unstake, nodes are exited. Exits only apply after the shanghai hardfork in 6 months though, but it is trivial to rotate capital in/out of staking pools.
> I'm not a bitcoiner you're just a fucking idiot and don't understand that proof of work can be designed in such a way that CPUs dominate mining preventing massive farms from being spun up.
"this thing is possible with pow" but nobody is fucking doing it hence the only proof of work models that matter are those that are in active use today, and those are wasteful and arguably much more centralized than proof of stake
your hypothetically perfect proof of work scenario might be absolutely feasable and i totally believe it could be but it is not in practice today

[Anonymous No.51446199]

>>51445849
Well, my plan is to stake as much eth and fiat as I can. I already have the perfect place to stake them. Wish me luck as I become a whale

[Anonymous No.51446235]

>>51444434

Yeah, but when does it poomp?

Deflationary, proof of work, whatever, where's the pooooooooooomp? I just want money and Effereum is not delivering for the merge.

[Anonymous No.51446260]

>>51444434
what website?

[Anonymous No.51446329]

>>51446260
ultrasound (dot) money

[Anonymous No.51446330]

>>51444472
climate change and diversity hires

[Anonymous No.51446368]

>>51445899
That won't take place any time soon. It is best to stake it and wait to see what the merger yields.

[Anonymous No.51446412]

>>51446070
DYOR jerk, this is why some toilet like you are prone to getting rekt.

[Anonymous No.51446419]

>>51444472
to centralize control.

[Anonymous No.51446440]

>>51445870
>Wait a minute. This kills the PoW maxi argument that "PoS is fucked because once you get 51% you stay in power". Maxis are retarded.
no, you are retarded. a group already has 51pct of voting weight right now and they decide what happens.

[Anonymous No.51446455]

>>51446097
Holy fuck that's not how mining works. Please stop.

[Anonymous No.51446458]

>>51446412
Some anons that are unable to do their research amaze me. Why would you dive in balls deep into a project you no zilch about?

[Anonymous No.51446492]

>>51446199
I already stake eth on freeway and the APY is pretty good. No need to switch to a lower APY platform for anything

[Anonymous No.51446519]

>>51446070
Freeway was already ahead of the curve, yielding great APYs for eth staking

[Anonymous No.51446593]

>>51446024
/biz/ is fucking retarded. It's nothing like back in 2015/2016. This whole board went to shit sometime in 2017 as all the smart people actually made it and either left or only very randomly lurk after making it.

What's left of /biz/ is a crowd of latecomers desperately looking for the next golden goose to lay an egg and a few boomer bitcoin maxis who haven't changed their memes since 2015.

The information asymmetry between /biz/ and other places online used to be pretty big, now it's fucking reversed. Anyone trying to find actual good information on fundamentals or future developments in crypto on /biz/ is seriously fucking up.

I told people to buy ETH in 2016, 2017, 2019, 2020 and almost nobody ever listened. Just endless repeats of age old memes, yet the ETH/BTC ratio marches higher every year.
I can't be arsed to help people on here anymore, they're all retards who are NGMI. I hope the silent lurkers learned and did the good thing (positioning in ETH).

Disregard all price talk: Bitcoin is dead in the water. Nothing happening except for religious cyber zealots nonstop purity testing each other while the ecosystem suffers from a relentless brain drain.

Meanwhile Ethereum is shipping insanely complicated improvements and fosters pretty much all crypto culture bar the stupid moon and lambo talk right now.

Ethereum is the way forward.

[Anonymous No.51446634]

>>51444861
sound money doesn’t evaporate

[Anonymous No.51446714]

>>51444485
I sharded after eating all you can eat. It ruined my jeans. Whats thid got to do with crypto

[Anonymous No.51446799]

>>51446419
Not that control wasn't already strongly in money skelly's grip, but basically this. Watch how almost all of the stake cucks run on AWS. This is a bad day for crypto and the "muh energy costs" is literal gaslighting.

[Anonymous No.51446826]

>>51444934
reddit moment

[Anonymous No.51447016]

>>51444934
and so is it actually usable?

[Anonymous No.51447017]

>>51446593
indeed, i relate, it used to be great, but it's just gone downhill so much.
I feel like theres only very specific communities on the internet, either on reddit, or some discord/telegram channels with decent discussion, but I find that anyone that spends any meaningful amount of time here in /biz/ is completely braindead
shame because theres so many great board on 4chan, i feel like this one is the worst one by a long shot (of those i frequent)

[Anonymous No.51447045]

>>51446329
thanks but why is the supply going back up?

[Anonymous No.51447166]

>>51446593
>Ethereum is the way forward.
I am going to be as clear as I know how, there is no coin more powerful then Bitcoin, if Bitcoin dies, everything dies.

[Anonymous No.51447249]

For all the faggots talking about "electricity" and how ETH is "clean" and yada yada, there is just one thing you're not taking into account, this is NOT about energy, you know what spends very little energy as well when compared to proof of work?
Central banks, oh yea. If all you care about is "energy", then you may as well disregard of all of it, because that is what eth is doing right now, the "merge" is not good for decentralization, do you forget why crypto exists in the first place?
ETH has basically sold it's soul. It is no longer with us, mistake not, the gov has a very close eye on this.

[Anonymous No.51447295]

>>51447166
watch this shitty narrative get absolutely obliterated over time when it becomes even more glaringly evident that the bitcoin monetary model is completely fucking broken in the long term
that nobody uses or wants to use the network because it's slow as fuck and expensive to use
that bitcoin was once a hugely innovative thing and has now been replaced and overtaken by more decentralized, more secure, more useful, more active and more modern chains
the biggest flex ethereum has on bitcoin is that it can upgrade itself because its community actually cares about solving problems, while the bitcoin community just jerks off to their coin and does absolutely nothing of value other than burn energy to support a network that no one wants to use

that said, i also want bitcoin to succeed as what it is, a payment network, it just sadly wont

[Anonymous No.51447340]

>>51444434
>interest rate built in
not like the base fundamental flaw in modern finance won't cause a collapse in a non-rigged environment at a quicker rate than in the opposite.

[Anonymous No.51447361]

>>51447295
You just disappeared up your ass... and this energy bullshit again? You're buying the narrative? FUUUUUCK, unbelievable, just pack some shit up in a way it looks nice and ship! Off you go, eth is helping decentralization? Seriously? How? By bending over and handling it all to the gov? Guy understand this, if you can shut it down, you just take a huge bite of out of it, then it's not decentralization.

[Anonymous No.51447362]

>>51447295
>ETH isn't the same
lol, monero is unironically seeming like the best option. This "clean" compound interest BS will destroy this STUPID coin. Spoiler: ETH was useless from the start.

[Anonymous No.51447396]

>>51444434
Its not scalable. All erc20 are going to zero.

[Anonymous No.51447435]

>>51447295
>completely fucking broken in the long term
you've been taken in by a literal meme nobody talked about until ethereum activated ponzinomics with eip-1559.

enjoy being part of the late adopter crowd

[Anonymous No.51447626]

>>51446593
>yet the ETH/BTC ratio marches higher every year.
It's way down from ATH

[Anonymous No.51447708]

>>51447626
its the unbreakable altcoin patern
1) a likely bitcoin high in the first bull market
2) in exceptionally rare cases another bitcoin high in the subsequent bull market
3) a never ending series of lower-highs from thereon out

[Anonymous No.51447787]

>>51444934
a hundred schools is a lot.

[Anonymous No.51447827]

>>51447295
>narrative
>flex
>community
Even without my impeccable redditdar I can smell the updoots on you.

[Anonymous No.51447891]

>>51447361
>>51447362
>>51447435
>>51447827
insults and zero arguments
typical of retard bitcoin maxis

[Anonymous No.51447934]

>>51447891
>zero arguments
precisely what the hysterics about bitcoin mining being "unsustainable" are.

[Anonymous No.51447939]

>>51447626
all time highs mean nothing, look at the consistency of it, the trend is clearly up
if you invest in BTC instead of ETH youre leaving returns on the table because muh meme coin
ETH has outperformed BTC since inception and it will continue to do so
watch it smash the ratio all time high in the coming years when investors realize that theres absolutely nothing special about BTC and everything meaningful, relevant and innovative is happening on ETH

[Anonymous No.51447944]

>>51445101
You seem like a fag

[Anonymous No.51447968]

Oh no no no why is the number going up instead of down?

[Anonymous No.51447973]

Why are people so mad at mining because 'muh energy'?
you realise that energy is still being produced by the stations, right? that like 60%+ of all energy produced is literally just wasted completely?
PoW solves the wasted energy problem

[Anonymous No.51448044]

>>51447934
okay prove it retard instead of saying they have zero arguments
there's clear evidence that the usage of the bitcoin network does not cover for its costs and the block reward goes down over time
in the long term unless you have explosive price growth, the idea that you need explosive price growth for security to remain is obviously unsustainable. How do you not see this?
do you understand that I want bitcoin to succeed as much as you all retarded maxis? literally no one in the ethereum community wants bitcoin to fail

>>51447968
irrelevant, issuance is still 90% down compared to when ethereum was proof of work, it's totally okay for that number to go up

>>51447973
there is no 'wasted energy problem' unless there's a meaningful surplus of energy which there isn't
unless you're mining using solar panels in the middle of the fucking desert or something like that, then you're just wasting energy

[Anonymous No.51448206]

>>51448044
>wasting two thirds of all electricity produced isnt a problem
>but PoW is

[Anonymous No.51448208]

>>51447249
Yes, this is strongly becoming akin to the relation between gold/oil and fiat money. "Wasteful" use of resources is precisely why they always have value - it's the cost of capital necessary to "produce" that value in the first place (oil is a bit different because it's used for consumption but the same rules apply to it). Forgetting this essential principle is the beginning of the end for crypto as an alternative monetary system - it will be no different than tech (whatever advantages come out of it) but it's definitely not a "coin".

[Anonymous No.51448259]

>>51448044
>make up bullshit
>"that's bullshit"
>okay prove it retard

[Anonymous No.51448272]

>>51447891
Do you even understand why pow is important? Do you understand why it spends so much energy? Do you understand why bitcoin can't be killed? Proof of stake is fine for speculation or helping create the digital dollar or whatever it is jpm interest in it, but it will never be btc, btc is decentralized because the power lies on the node, the gov can ban all it wants, it can kidnap devs and force them to write a tax on the blockchain, it will change nothing, you know why? because it's pow. Eth? no, nor do they want to oppose the gov.

[Anonymous No.51448468]

>>51448272
>>51448259
>>51448206
>no arguments

[Anonymous No.51448545]

>>51448468
Because you're a fucking entitled moron. Go read about the differences between pow and pos.
Btc "waste" of energy is not a bug, it's a feature.

[Anonymous No.51448671]

>>51448545
who the fuck uses bitcoin to pay faggot
i understand pow perfectly well
i say the energy used is a waste because it's energy used validating a chain that people just dont want to use
the only current real world use of bitcoin is value accrual to speculators
almost no one in the real world legitimately uses it to pay for real world things

[Anonymous No.51448722]

>>51448671
people living under capital controls use it for international payments

[Anonymous No.51448779]

>>51448722
clearly not enough to replace the decreasing block reward in the long term
https://nitter.net/MorganTBennett/status/1482411627655933953

[Anonymous No.51448867]

>>51448671
>who the fuck uses bitcoin to pay faggot
Zoom zoom, I have no words, you made clear who I'm talking to.
You understand shit.
I rest my case...

[Anonymous No.51448879]

>>51448867
>no argument once again

[Anonymous No.51450378]

>>51444444

[Anonymous No.51450451]

this is an eth bagholder cope thread. please be patient when dealing with eth baggies. please understand eth baggies are delusional and uninformed, and may retaliate with screeches when confronted. do not confront the eth baggies for they do not know what they own.

[Anonymous No.51450458]

>>51450451
thanks

[Anonymous No.51453099]

>>51448208
Ethereum could be considered analogous to oil now.

[Anonymous No.51453166]

>>51444835
I am so sick of boomers giving out unsolicited economic advice.
It's seriously an "ignore whatever the banks say on bloomberg at all costs" environment now.

[Anonymous No.51453218]

>>51444488
checked

[Anonymous No.51453257]

>>51444907
Why does the price feel so low & stagnant?
>But Le Fed raised rates!
"Raising le rates" doesn't actually change jack shit. Rich people are still rich. Poor people already didn't have any mortgages to begin with even before the "rate hike" meme started.
>muh macro economic environment
>muh recession
Crypto had its bullrun during the fucking fake PANDEMIC so macro isn't a good excuse to me either.
And fuck anyone who says "the stimulus checks!" That money was so small and useless it was fully fucking negligible.

There has to be another reason for the low volume in crypto

[Anonymous No.51453279]

>>51445025
>. bitcoin mining creates electricity demand and actually helps prepare the grid for electric cars.

what sort of retard argument is this?

supply doesnt magically appear if it can't appear

[Anonymous No.51453342]

You guys know that when sharing hits eth will become inflationary again right? Gas needs to be above 18gwei to be deflationary

[Anonymous No.51455323]

>>51446593
ur gay frfr

[Anonymous No.51455686]

>>51444434
Imagine randomly getting your coins burned, where do you think the burned coins come from?

[Anonymous No.51455849]

you amazing "asset" is down 8.4% in a day

[Anonymous No.51456410]

>>51444934
my farts are deflationary, ive been farting less and less on a yearly basis. will they increase in value?

[Anonymous No.51456857]

>>51444932
literal spaghetti code

[Anonymous No.51456909]

>>51445020
esg is equivalent to company woke rating

[Anonymous No.51457749]

>>51456909
mostly. ethereum can't be seen to be kneeling down to esg because if they are they've already lost. no decentralized, or even distributed blockchain can ever be on side with esg, they're fundamentally incompatible worldviews.

it's not all bad though, but the main benefit of pos is really only for those of us with large positions in both bitcoin and ethereum. it positions ethereum as a much better hedge against regulatory action against bitcoin, and bitcoin remains a hedge against regulatory action against ethereum (cryptographic weaknesses notwithstanding.)

[Anonymous No.51457881]

>>51455849
crypto is volatile?
wtf everyone told me it only goes up in a straight line forever

i didnt check any charts of price history for the last 12 years, i just believed them

they lied to me???

[Anonymous No.51458050]

>>51453099
If you remove the necessary energy to "extract" or mine ETH, then no, not really. The best and once in a lifetime opportunity in the markets was buying oil when it dumped to $10 because regardless of what happened (short of the whole planet going to ashes with nuclear war) you knew that even Saudi Arabia could not extract oil at that price.

>>51453257
Crypto is late-stage speculation for people who have a lot of money and are looking for ways to generate more money. Money pulls out from risky assets when credit stops being cheap with crypto being the very first in line due to how liquid it is (like the stock market) - even more so when major players have had their profits. Until there's some project in the crypto sphere that provides real utility and solves a practical issue, crypto will always be the asset that rich people (or anyone smart enough) drop first.

[Anonymous No.51458099]

>>51458050
didnt oil at those prices require physical delivery of the oil, which is why it went so low in the first place

[Anonymous No.51458223]

>>51458099
it went negative because they weren't perps, the contract was about to expire and you'd be left holding the barrel.

[Anonymous No.51460117]

>>51444488
Sheeeeeeit. Bear gang reins supreme

[Anonymous No.51460398]

>>51444444