102 days since ETH merge

[Anonymous No.53020041]

Also known as the “triple halvening”. Let’s review.

[Anonymous No.53020046]

>>53020041
The amount of ETH going into circulation has virtually stopped, as we all know.

[Anonymous No.53020066]

>>53020046
However, if we’re to compare this with bitcoin halvings, ETH is doing surprisingly poorly. Here are previous bitcoin halvings. This chart needs updates, so I welcome any contributions. Particularly if anyone can normalize ETH price and overlay it on this plot.

[Anonymous No.53020083]

>>53020066
Exchange supply is another thing to consider. Exchange supply has tanked harder and faster than ever before. Since exchange supply is inversely correlated with price, this would suggest a correction in the price is soon due. The bitcoin exchange supply chart looks similar, btw.

[Anonymous No.53020100]

>>53020083
Some typical indicators suggest we’ve bottomed. The MACD is in a converging phase. Stoch RSI has bottomed out. RSI is looking frighteningly similar to the end of the last bear market. So the evidence seems altogether stacked in ETH’s favor now, despite the fact that the price is still underwhelming.
>blue line indicates the time of the merge.

[Anonymous No.53020128]

>>53020100
The obvious argument against ETH is that the entire market is in a recession. But if we look at the DXY, we find a different story. The dollar is in free fall, and rate hikes are softening in spite of the weakening dollar.

[Anonymous No.53020131]

Ethereum is so cheap right now, expect 10-15k the next cycle

[Anonymous No.53020150]

>>53020131
I’m inclined to agree with you, but I’d like to hear counter-arguments if anyone has one.

[Anonymous No.53020173]

Is it crazy to say I don't expect a recession even close to the one we had in 2008? Granted it was under different and specific circumstances that one happened, but everyone including normies are expecting a horrible recession next year. I just don't see it happening

[Anonymous No.53020178]

nice thread, fren. have some thot

I hope it takes off, I have some NFT's denominated in ETH

[Anonymous No.53020184]

>>53020173
I only mention the recession because everyone thinks it will happen and affect the crypto market negatively

[Anonymous No.53020202]

>>53020184
I agree, especially based on >>53020128
We can also look at SPX (looks bullish to me)

[Anonymous No.53020209]

>>53020100
>TA in current markets
Dropped. Fuck off.

[Anonymous No.53020212]

>>53020202
…and NDQ.

[Anonymous No.53020213]

>>53020184
I'm in Germany and people are approaching dirt poor territory.
Don't know how that could end well, even if car manufacturers pay out record dividends. So I don't see what should trend upwards in 2023. Only positive thing is that I hope cash sits on the sidelines waiting for reentering upon FED softening. That's the only catalyst I see, but beyond the line-go-up on the virtual market, a real recession is comin

[Anonymous No.53020230]

>>53020209
It is good to bear in mind that TA is imperfect. But when enough signs compliment one another, it becomes harder to ignore. Furthermore, one must consider the fact that both people and trading bots trade using TA. I would argue that a majority of the people, when shown these plots, would be accumulating.

[Anonymous No.53020273]

>>53020230
Every single TA expert unanimously agreed around November 2021 that Bitcoin would keep going up until February. I'm talking people who are actually employed by IFs and VCs.

[Anonymous No.53020308]

>>53020273
Sort of like how everyone agrees we’re going into a recession now? Your evidence is not very compelling afraid, and even if I take your assertion to be true it would still seem to support my argument.

[Anonymous No.53020322]

>>53020308
>compelling I’m afraid, *

[Anonymous No.53020388]

>>53020308
Are you in STEM?

[Anonymous No.53020456]

>>53020388
Yes, not that it’s relevant.

[Anonymous No.53020468]

>>53020173
the recession has been going on for the last year or so. by the time they declare an official recession, if they do, it will basically already be over

[Anonymous No.53020492]

>>53020456
Math?

[Anonymous No.53020506]

>>53020150
you are right op all signs indicate a massive bottom in in and this is a generational buying moment thats only so low due to a combination of massive paper fractional trading last cycle and all the fear of the upcoming recession
the only counter to that argument is that crypto really is dead this time fro realsies
if you look at the hints in the tradfi news about big boys adopting crypto rails to offer directly to their clients without going by exchange middle men you know whats coming and why exchanges are under attack right now

>>53020173
but their will be a horrible recession for main street where their negotiating power for wages is absolutely rekt and cagie conditions will be more detrimental then today
its just this will be good for asset prices, what we will see is a bifurcation of society going forward: two set castes with no social mobility except down and out

[Anonymous No.53020507]

>>53020468
I think we should be careful about what we mean when we say “recession”. If we mean “stocks/crypto will perform poorly”, I think you’re right. If we mean “unemployment will increase and/or housing prices will come down”, I think that’s more dubious. Based on what I’ve seen from historical data, it seems to be the case that one definition lags behind the other.

[Anonymous No.53020534]

>>53020273
>Every single TA expert
thats a joke every ta was pointing towards mania and blow off phase
the thing people were wrong is that it didnt go mania as much as last time
but post me a single graph of agreed upon long term ta trendlines that didnt show that 2021 was the time to sell

inb4 elliott wave, that absolute shit and everyone relying on it gets rekt

[Anonymous No.53020535]

>>53020492
Physics.
>>53020506
That makes sense. Which exchanges if any do you expect to survive? Binance seems to be doing okay but as an American I don’t pay much attention to it, since I can’t use it.

[Anonymous No.53020594]

>>53020535
dont get me wrong exchanges arent dying they are under attack
and for us exchanges, dexes eventually will be the prefered choice
as those bank rails will be custodial only like robinhood today literally impossible to withdraw coins

in the future someone owning a btc or eth in their own wallet is going to be increasingly rare
you would be such a fool to give up on them now

[Anonymous No.53020730]

>>53020535
>Physics.
Same.

[Anonymous No.53020807]

>>53020730
What field/how long have you been at it?

[Anonymous No.53020867]

>>53020807
Master thesis on non-commutative emergent gravity, PhD in plasma chemistry 6 years ago, now C++ in augmented reality.

[Anonymous No.53020959]

>>53020867
Is quantum a scam?

[Anonymous No.53021006]

I expect eth to recover because it’s number 2 after bitcoin and now has claimed it’s own place as not just another alt coin.
But eth „halfings“ don’t compare to bitcoin halfings because with eth going PoS it now is now officially just another scam like all the other staking scams.
You can’t have decentralised crypto currency with a premine and coins getting dumped by insiders for perpetuity.
The only way to enter ERC now is to buy someone else’s bags who needs you for exit liquidity, so unless Vitalik can keep the ball rolling and actually deliver sharding eth will flame out at some point.

[Anonymous No.53022319]

>>53020867
>emergent gravity
Cool stuff.
>>53020959
Not in my opinion.
Phone posting so my ID may have changed since I went to lunch, but I’m OP.

[Anonymous No.53022340]

>>53021006
>proof of stake is a scam
ETH still has the same use cases. People need it just as much as before. What support is there for the “POS is a scam” argument?

[Anonymous No.53022401]

>>53020213
No, 2023 is not the year of the pump. We still need to crab some more for the markets to actually cool off, and a final dump for weakhands/short sellers to get reckt and fuel the FOMO inducing bull run.

Besides we still need to get peace (in this bullshit war the slavs are in rn) for Europe to become the migrant induced money printing continent it will become. That, and the USA sudokuing itself with more war-supporting packages for the weapon makers and warmongers to have liquidity to pump the markets.

Macro is bearish af, but in 5 years the new bull run should be in or we should be in the middle of it

[Anonymous No.53022919]

>>53020066
according to your analysis, we are here kek

[Anonymous No.53023124]

>>53022340
Because it's not backed by energy in the same way proof of work blockchains are. Proof of stake blockchains are dominated by capital (aka whoever has more money has more power). Overtime ETH's supply will continue to behave in a parieto distribution and once the centralisation issue worsens, there won't be any tangible ways to reclaim decentralisation. That's because it requires those monopolising the network to sell the tokens back. You wouldn't really be able to stop a double spend attack on the network for instance if a handful of malicious actors were coordinating to destroy it who had 'high stake'.

[Anonymous No.53023707]

>>53023124
spend a lot of usd to acquire a large stack in some asset
then use said stack to destroy said asset
???
profit

unless its literally jerome doing this, it would be a pretty retarded way forward
even if eth starts accumulating at the top it doesnt matter as its infinitely divisible
this is an experiment in hard money, dont be the retard that says it cant work because it doesnt have the properties of ever expanding fiat crap
also in btc this same thing happen, we already have 90% of all btc in circulation the very same accumulation can happen

[Anonymous No.53023732]

>>53022919
Now pin the 2020 and 2012 numbers, as well as the corrected average. The plot needs updates as I said.

[Anonymous No.53023875]

>>53022340
POS is better if done correctly.
>>53023124
This guy is correct for 99% of POS cryptos.

[Anonymous No.53023944]

Is this the right thread to post wen arbi airdrop

[Anonymous No.53023964]

I didn't catch, what was the goal of ending printing of new cells?

[Anonymous No.53024075]

>>53023707
The problem is the gap keeps increasing
If you have 100 nodes, in a year you’ll have 150 nodes if you compound
If you have 1 node, it will take you 2 years to have 2 nodes

[Anonymous No.53024559]

>>53020041
>>53020046
>>53020066
>>53020083
>>53020100
>>53020128
didn't read any of this. ethereum is a dead, centralized jp morgan banker chain made specifically to grift retards into buying unregistered securities

[Anonymous No.53024709]

>>53024559
Thanks for your contribution. Very insightful.

[Anonymous No.53024902]

>>53020173
I think we need more pain, more restaurants to close, more people canceling vacations etc but people are no where near as fucked as they were in 2008. Like not even close, people have more money to service their mortgage payments now, back then everyone had a shit ass rate and zero cash on hand. Anyone telling you it will be like 08 is fucking retarded.

Things will get a little worse, people will eat out less, more layoffs for fat techy companies that produce nothing tangible and rely on investors. The end of the recession will be marked by the end of hostilities in Ukraine. Screencap this.

[Anonymous No.53025093]

>>53024709
it's important to point out retarded behavior so that it may improve in the future

[Anonymous No.53025150]

>>53022401
>in 5 years
What about BTC’s halving in mid 2024? Next bullrun would be around a year after that, so mid 2025. Next bullrun would be 2.5 years from now, not 5

[Anonymous No.53025171]

>>53025093
>ID Dodo
Kek life is funny sometimes
>>53024902
Makes sense.

[Anonymous No.53025195]

>>53020046
Kek. You get the eth is still locked in the staking contract you mutt.

[Anonymous No.53025244]

>>53020150
your market projections don't take externalities into account, namely the effect sweeping crypto regulations will have on ETH and/or the fate of Tether.

but yeah aside from the ETH ICO and corruption revealed in the Hinman emails, and the whole Tether thing, ETH is looking like it has a bright future.

[Anonymous No.53025247]

>>53025171
id confirms ethereum is extinct, like the dodo

[Anonymous No.53025266]

>>53022401
my friend you are way too optimistic about the ability of the current system to carry on this way

[Anonymous No.53025274]

This is a reminder that ETH schizos are exactly the same as XRP schizos

[Anonymous No.53025280]

>>53024902
you have absolutely no idea what's coming, do you.

[Anonymous No.53025311]

>>53025274
according to the bank for international statements, you're correct:
https://www.cryptoglobe.com/latest/2021/07/owners-of-xrp-and-ether-are-the-most-educated-according-to-bis-research-report/

XRP holders are schizoid while ETH investors are cluster b and ADHD

[Anonymous No.53025335]

>>53025274
this. such retarded cope itt. ethfags are embarrassing to be associated with and are the sole reason 9 out of 10 people disregard crypto as a scam

[Anonymous No.53025375]

>>53025280
Tell me mr doomsday hobby horse, what is going to happen? Ragnarok? Rising tides destroying coastal states? Nuclear war?

Instead of acting like a mystified q anon shill, share your thoughts.

[Anonymous No.53025465]

dead chain

[Anonymous No.53025573]

>>53020184
"will happen"
dude its literally been full stop for 3 years now what are you on????
are you seriously this brainwashed

[Anonymous No.53025609]

>>53025465
He doesn't know it yet but he called the exact moment Ethereum died

[Anonymous No.53025769]

>>53025311
Imagine looking to a banking institution for validation on your personal life and choices. Do schizos really

[Anonymous No.53025798]

>>53020150
Regulations. No one really knows how that is going to end. Nothing is safe really

[Anonymous No.53025816]

>>53025247
>parroting J.P. Morgan (as if that was a bad thing in finance) boogeyman
>no salient arguments
>senseless shitslinging
Kindly leave

[Anonymous No.53025834]

>>53025816
Pls ser buy my efferiums it's not a scam

[Anonymous No.53025858]

>>53025816
delusional retard lmao

[Anonymous No.53025918]

>>53023124
>Proof of stake blockchains are dominated by capital (aka whoever has more money has more power).

How is PoW different? More $$$ = more powerful mining rig = more rewards. ETH staking rewards don't even increase exponentially with the amount staked. It's not like you get governance power based on the amount you hold.

What "power" do you get from more ETH?

>vertime ETH's supply will continue to behave in a parieto distribution and once the centralisation issue worsens, there won't be any tangible ways to reclaim decentralisation.

Word salad.

>That's because it requires those monopolising the network

Who? The Ethereum foundation? You can run a node on a raspberry pi. If people don't like the direction of the Ethereum foundation then they just don't perform the updates and stay on their own forked instance. If enough people agree, then they become the majority. Part of the crowning achievement of The Merge was the fact that so many decentralized operators coordinated to update consensus for it. It could have failed spectacularly if everyone decided to just not join in.

>You wouldn't really be able to stop a double spend attack on the network for instance if a handful of malicious actors were coordinating to destroy it who had 'high stake'.

What? Literally just fork away from the "handful of malicious actors" and cut their stake. Where are you even getting your information from? Most of this doesn't even make sense, it's just buzzwords.

>>53025798
Regulations are the only real answer here to what could fuck up, and everyone will be hurt by them. Even still I believe regulations will only hold a short term effect, eventually people will just not comply with them and there's literally nothing the glowniggers can do you stop that.

Oh, you want decentralized exchanges to KYC? Good luck enforcing that on the IPFS hosted frontend that doesn't have an owner, or the open source smart contract interfaces that allow you to perform transactions independently.

[Anonymous No.53025942]

>>53025918
imagine reading these schizo scribblings

[Anonymous No.53026115]

>>53025858
>>53025834
>more shit slinging
>no argument
Thanks for proving my point.

[Anonymous No.53026177]

Ethereum is gay. It's that simple, really

[Anonymous No.53026199]

>>53025942
Post folio
>>53026115
Unironically good thread op.

[Anonymous No.53026211]

>>53026177
Dead and gay, quite frankly

[Anonymous No.53026274]

>>53025918
PoS - someone manages to get a hold of 51% of the token supply. They now have total control forever, with zero work required. Considering devs initially have 100% of the supply, this isn't an impossible scenario.

PoW - someone manages to get 51% of the hash rate. They now have to keep buying more equipment and expanding their operations faster than anyone else, forever, or they'll immediately lose control of the network, provided the nodes (which, unlike in PoS, are a separate entity) don't start blacklisting.

[Anonymous No.53026332]

>>53020173
Recession is already here. My coworkers have been complaining about things in the supermarket getting increasingly expensive while wages have remained stagnant. At some point people will just stop spending money entirely

[Anonymous No.53026336]

>>53020066
>However, if we’re to compare this with bitcoin halvings, ETH is doing surprisingly poorly. Here are previous bitcoin halvings

That's good we need to keep it under the radar until fed peaks, after that autists getting rich will be a great monetary stimulus allowing the fed to keep rates higher than expected for a decade but slowly moving them down.

[Anonymous No.53026426]

>>53026336
In what will they get rich, faggot?

[Anonymous No.53026715]

Just the bait and switch on staking and the ability to remove your stake adds to the unseriousness of ETH. It doesn't matter what their excuse is, there is not one single casual observer who sees their handling of it as possible. Maybe insiders, regulators or subverters think its OK or "good" but literally nobody else does.

[Anonymous No.53026726]

>>53026715
s/possible/positive

[Anonymous No.53026749]

Ethereum is already dead. Its extremely centralized now.
Lets look at some Numbers:
>64% of staked ETH is controlled by 5 entities, yep thats centralization
>with 65% liquid and 35% illiquid ETH
>just over 11% of the total circulating ETH is staked
>over 45% of ETH transaction were processed by two wallets, yep thats more centralization
>there are 426000 validators but the top seven entities control over two-thirds (thats 66%) of block verification, again more centralization
>4.35% APY
>slashing

Now lets compare this to Avalanche ($AVAX) after 2+ years of Mainnet:

>no slashing
>leaderless consensus where any Validator can propose a block
>how it works is basically repeated subsampling of Validators
>1200+ proof of stake Validators and its permissionless, anyone with 2000 AVAX can run a Validator that actually participates in Consensus and it can scale to millions of Validators
>64% of all AVAX in circulation is currently Staked or Delegated to Validators
>8-12% APY, current average rewards are 8.61 %
>can stake however you want 2 weeks minimum or 1 year maximum or anything in between
>AVAX is hardcapped like BTC and deflationary as all AVAX fees are burned
>AVAX has to be staked to run Subnets and Subnets support every Virtual Machine and is not just limited to the EVM like Ethereum

Vitalik and Péter Szilágyi are very close personal friends of EGS and his IC3 gang, Vitalik even admitted that Avalanche is legit and a breakthrough on par with BTC, some Ethereum Wallets that bought the ETH ICO only moved their ETH to buy the Avalanche ICO.
AVAX currently trades for $11.69 and has a lower Marketcap.
You can stay on the sinking Ship or take this Lifeboat. this is financial advice.

[Anonymous No.53026750]

proof-of-stake is a scam

[Anonymous No.53026861]

>>53026749
>dead shitcoin with insanely high inflation rate

You gonna shill ALGO too? Maybe Vechain?

[Anonymous No.53026893]

>>53026861
>dead shitcoin
Avalanche is far from dead. John Wu recently onboarded several Multitrillion dollar usecases. Laggards dont know about this.
>>53026750
>proof-of-stake is a
Sybil Control mechanism. Its basically just Spam Protection.

Proof of Stake done right: Avalanche
Proof of Stake done wrong: Ethereum

[Anonymous No.53026973]

>>53020041
Your whole thread is getting derailed by BS rambling.
It was an interesting thread OP. I don't have any facts to support/counter any claims, but I appreciate your insight.
I'm invested about 1/3 of my net worth in crypto, rest in cash.

[Anonymous No.53027050]

>>53024075
This is the biggest problem with PoS

[Anonymous No.53027127]

>>53024075
> If you have 1 node, it will take you 2 years to have 2 nodes
Wut? At 4% apy

[Anonymous No.53027532]

>>53026973
I agree. Schizo threads are the best entertainment on biz

[Anonymous No.53027586]

>>53024559
this

[Anonymous No.53027598]

PoS = Piece of Shit
No exceptions

[Anonymous No.53027612]

>>53020041
The real problem is the monetary policy can change at any time and history tells us when humans can print money they will. It's just a matter of time until the ETH trannies print away your locked up ETH into worthlessness.

Meanwhile Bitcoin monetary policy is nearly impossible to change.

[Anonymous No.53027697]

Ethereum, the decentralized platform that enabled the creation of smart contracts and decentralized applications (dApps), passed away on January 1, 2023.

Born in 2013, Ethereum was known for its use of smart contracts and decentralized technology. However, it failed to make a lasting impact in the blockchain industry and eventually faded into obscurity.

Ethereum will not be remembered for its contributions to the field of blockchain technology, and it will not be missed by the few remaining members of its community. Its memory will fade away as the world moves on to newer and more advanced technologies.

Rest in peace, Ethereum.

[Anonymous No.53027793]

Ethereum, the once highly hyped and overvalued blockchain platform, has finally come to an end. Despite its initial promise to revolutionize the world of cryptocurrency and smart contracts, Ethereum ultimately failed to live up to the hype and expectations placed upon it.

Born in 2015, Ethereum was created by the young programmer Vitalik Buterin, who marketed it as a superior alternative to the dominant blockchain platform, Bitcoin. However, Ethereum's complex and resource-intensive design, combined with its vulnerability to scalability issues and hacking attacks, resulted in its inability to achieve mainstream adoption.

In its lifetime, Ethereum saw the rise and fall of numerous projects and startups that were built upon its flawed foundation. It also attracted a large following of naive and misguided investors who were swept up in the hype and ended up losing significant amounts of money.

Ethereum will be remembered as a cautionary tale of how not to design and promote a blockchain platform. Its passing marks the end of an era of overhyped and underwhelming blockchain projects that promised to change the world, but ultimately fell short. Good riddance, Ethereum.

[Anonymous No.53027822]

>>53020213
For Amerimutts, Coinbase and Kraken. For the countries that don't matter, Binance and mmmmmaybe Crypto.com
Jesus. Sauce?>>53020535

[Anonymous No.53027909]

>>53025375
Immigration of melanated individuals.

[Anonymous No.53027911]

Ethereum, the once highly hyped and overvalued blockchain platform, has finally come to an end. Despite its initial promise to revolutionize the world of cryptocurrency and smart contracts, Ethereum ultimately failed to live up to the hype and expectations placed upon it.

Born in 2015, Ethereum was created by the young programmer Vitalik Buterin, who marketed it as a superior alternative to the dominant blockchain platform, Bitcoin. However, Ethereum's convoluted and ultimately centralized design, regulatory issues due to its dubious premine and ICO sale, smart contract vulnerabilities leading to many large-scale hacks, and its inability to scale resulted in its failure to achieve any measure of success.

In its lifetime, Ethereum saw the rise and fall of numerous projects and startups that were built upon its flawed foundation. It also attracted a large following of naive and misguided investors who were swept up in the hype and ended up losing significant amounts of money.

Ethereum will be remembered as a cautionary tale of how not to design and promote a blockchain platform. Its passing marks the end of an era of overhyped and underwhelming blockchain projects that promised to change the world, but ultimately fell short, or were unapologetic scams. Good riddance, Ethereum.

[Anonymous No.53028037]

>>53020213
Visiting Berlin at the moment. It's fucking appalling how bad you guys have it. Looks more like a depression. Who would have imagined shanty towns littered all over a European capital that is supposedly an economic powerhouse. Very depressing... Will be trying my best to buy Euro manufactured goods in the coming years.

[Anonymous No.53028131]

>>53020041
Yes and its literally because of xen

[Anonymous No.53028268]

>>53020041
Months ago i was asking many times over if PoW has something to do with the pricing going up over time
but no one had an answer

[Anonymous No.53028285]

>>53028268
What's the value of something that costs nothing to produce?

[Anonymous No.53028293]

>>53022919
>according to your analysis, we are here kek
No it here

[Anonymous No.53028328]

>>53028285
what are you getting at?
in PoW you need money for GPU's
in Pos you need money to get eth to stake

[Anonymous No.53028353]

>>53024559
Thanks, I read it and your point stands. Eth should be made to pay for the rugs it has wrought and profited from.

[Anonymous No.53028426]

>>53027911
Ethereum was once hailed as the future of cryptocurrency, but it has proven to be nothing more than a failed experiment. From the beginning, the network was plagued by a host of issues that ultimately led to its downfall.

Scalability was a major problem for Ethereum, as the network became congested and unable to handle the increasing number of transactions being made on it. This led to slow processing times and high fees, making it difficult for users to transact on the network and hindering its adoption by mainstream users.

In addition to scalability issues, Ethereum also suffered from a number of security vulnerabilities. Despite the promise of its smart contract functionality, a number of high-profile hacks and vulnerabilities were discovered, resulting in the loss of billions of dollars worth of ETH. This caused a significant loss of trust in the network, as people began to question whether it was truly secure.

But perhaps the biggest issue with Ethereum was its regulatory uncertainty. The U.S. Securities and Exchange Commission (SEC) had long taken the position that cryptocurrencies like Ethereum were not securities and therefore did not fall under its regulatory authority. However, as the network grew in popularity and more and more people began to speculate on its value, the SEC began to reconsider its position. This led to uncertainty about the future of Ethereum and contributed to its decline.

In the end, the many issues with Ethereum proved to be too much for the network to overcome. It is now dead, a cautionary tale of what can happen when hype and speculation tries to compete substance and stability. Those who invested in Ethereum were ultimately left holding the bag, as the network's value plummeted and it became clear that it was not the revolutionary force it was once thought to be.

[Anonymous No.53028437]

>>53027911
Ethereum was once hailed as the future of cryptocurrency, but it has proven to be nothing more than a failed experiment. From the beginning, the network was plagued by a host of issues that ultimately led to its downfall.

Scalability was a major problem for Ethereum, as the network became congested and unable to handle the increasing number of transactions being made on it. This led to slow processing times and high fees, making it difficult for users to transact on the network and hindering its adoption by mainstream users.

In addition to scalability issues, Ethereum also suffered from a number of security vulnerabilities. Despite the promise of its smart contract functionality, a number of high-profile hacks and vulnerabilities were discovered, resulting in the loss of billions of dollars worth of ETH. This caused a significant loss of trust in the network, as people began to question whether it was truly secure.

But perhaps the biggest issue with Ethereum was its regulatory uncertainty. The U.S. Securities and Exchange Commission (SEC) had long taken the position that cryptocurrencies like Ethereum were not securities and therefore did not fall under its regulatory authority. However, as the network grew in popularity and more and more people began to speculate on its value, the SEC began to reconsider its position. This led to uncertainty about the future of Ethereum and contributed to its decline.

In the end, the many issues with Ethereum proved to be too much for the network to overcome. It is now dead, a cautionary tale of what can happen when hype and speculation tries to compete with substance and stability. Those who invested in Ethereum were ultimately left holding the bag, as the network's value plummeted and it became clear that it was not the revolutionary force it was once thought to be.

[Anonymous No.53028574]

>>53028328
there's nothing wrong with printing coins out of thin air, offering people an investment product in the form of yield by locking them away, and not even letting people sell the tokens they "earn". seems perfectly reasonable and not securities fraud

[Anonymous No.53028620]

>>53028437
This and I'll add two things that anyone holding eth or thinking about it should know, Joseph Lubin and Consensys.
PoS is garbage, ofac compliant and centralized validators. Once regulations shutdown the shitcoin casino, Ethereum won't have any value.

[Anonymous No.53028632]

>>53028437
>>53027911
Having fun with ChatGPT, anon?

[Anonymous No.53028691]

>>53028632
Gary Gensler had had enough. As the Chair of the Securities and Exchange Commission, he had spent years trying to regulate and bring order to the chaotic world of cryptocurrency. But no matter how hard he tried, it seemed like the Ethereum network was always one step ahead, operating in the shadows and flouting the rules that applied to everyone else.

Gensler was determined to put an end to this once and for all. He summoned his team of regulators and set out to investigate the Ethereum network, determined to uncover its secrets and expose its wrongdoing.

What they found was shocking. The Ethereum network was not just operating outside of the law, but it was actively engaging in fraudulent and deceptive practices that were hurting innocent investors.

Gensler was incensed. He knew that he had to take action, and he vowed to do everything in his power to bring the Ethereum network to justice.

He launched a full-scale investigation, using all of the resources at his disposal to track down and expose the perpetrators behind the Ethereum network. It was a long and difficult process, but Gensler was relentless in his pursuit of justice.

Finally, after months of hard work, Gensler and his team were able to uncover the full extent of the Ethereum network's wrongdoing. They brought charges against the individuals behind the network, and in the end, justice was served.

The Ethereum network was dismantled, and the perpetrators were brought to justice. Gensler was hailed as a hero, and the people of the cryptocurrency world breathed a sigh of relief, knowing that their markets were now safer and more transparent thanks to Gensler's tireless efforts.

[Anonymous No.53028791]

>>53026426
Ethereum

[Anonymous No.53029019]

>>53020041
Ethereum is a platform that has been a total failure and has proven itself to be completely unreliable, slow, and insecure. Despite its ambitious goals and lofty expectations, Ethereum has failed to deliver on any of its promises and has been unable to provide users with a secure and reliable platform. The network is slow, expensive, and unreliable, and the smart contract functionality is inadequate for mainstream use. On top of that, the system is not designed with security in mind, leaving users vulnerable to malicious actors. In short, Ethereum is a platform that is not fit for purpose and should be avoided at all costs until it is able to address its underlying issues.

[Anonymous No.53029042]

>>53020131
Eth at 8k wound make me a millionaire already, let alone 10-15k.
We all know it won’t happen since I’m cursed, sorry brother.

[Anonymous No.53029056]

From the moment I heard about Ethereum, I was struck by how unreliable, untrustworthy, and inefficient it is. The platform is slow, costly, and prone to errors, making it difficult for users to trust the network or safely store their funds. Furthermore, the developers have done little to address these issues, leaving users with no recourse and no hope of having a secure and reliable experience. It's clear that Ethereum is not a platform that can be relied upon, and I would not recommend it to anyone.

[Anonymous No.53029062]

>>53021006

Vitalik has some kind of eating disorder, he can barely manage farding.

[Anonymous No.53029137]

Ethereum is a worthless digital asset created by greedy scam artists who only care about making a quick buck. It has no real utility or value and is filled with bugs, hacks, and scams. Ethereum is a poor investment, and anyone who puts their money into it is likely to lose it all.

[Anonymous No.53029185]

Today we gather here to remember Ethereum, a blockchain platform that promised to revolutionize the world with its decentralized technology. But instead of fulfilling its potential, Ethereum has become a broken, jaded shell of its former self. Its developers have failed to deliver on their promises, leaving users stranded and frustrated. Its high transaction fees and unreliable network performance have made it a joke among the crypto community. And its security flaws have resulted in billions of dollars of stolen funds. Let us not remember Ethereum fondly, but instead remember it as a cautionary tale, a reminder of the dangers of putting too much trust in a technology that has not been proven. Let us remember it as a source of anger and frustration, a reminder of the risks and dangers of investing in unproven projects. Let us take this moment to remember Ethereum with spite and hatred, and use it to fuel our passion for better and more secure technologies.

[Anonymous No.53029513]

>>53029042
You’ll sell before 3k

[Anonymous No.53029601]

>>53025918
>it's the "you can just buy mining equipment so its the same as owning jpmorgan shares in eth with a literal eth company" thing again
im done

[Anonymous No.53030930]

>>53029185
Chatbot

[Anonymous No.53030971]

>>53020131
ETH is the most overvalued coin on relative basis. ETH.D is nearly 5yrs high despite making zero progress technically since 2017 expect moving to POS, Which's something many shitcoins already did years ago

[Anonymous No.53031067]

>>53025798
I posted about this yesterday. I have a very good idea of how regulations are going.

Read the LBRY case and understand exactly what the judge said. Listen to the SEC chair tell you ALL PoS crypto is a security. They’re not lying. They’re not hiding their intentions from you.

So many people on this board choose to ignore the sleeping giant of the regulatory ban hammer. It is coming in 2023.

[Anonymous No.53031282]

>>53020213
Sauce.on chick?

[Anonymous No.53031717]

>>53031067
Link to thread?

[Anonymous No.53031787]

>>53031717
>>53007603
I’m the ID “1t++”

[Anonymous No.53032703]

>>53031067
Eth already got green flagged. Regulators want the industry to be free enough to innovate. Why do you think they haven't done anything yet? They know this is economic infra that the U.S. needs to have a leading edge in, digital dollar pilot is underway set to conclude in Q1 2023, SWIFT wants an interop layer to connect blockchains to 11k member banks.

[Anonymous No.53033121]

>>53020066
halvings mean nothing when its proof of stake, what exactly is halved, something that costs nothing to produce?

[Anonymous No.53033126]

>>53024559
This. ETH is cancer for humanity . Anyone with a soul and a connection to God realizes this

[Anonymous No.53033136]

>>53020867
all those brains and you support a commie blockchain . Probably vaxxed too am I right ?

[Anonymous No.53034213]

>>53020066
Surprisingly I expected a massive pump on that ETH merge which I termed it to be its own halving, I bought the token at $870/token before the merge and was looking at $5k, pushed it into staking via liquidity mining on sylo, Staking on Binance and BlockFi asides other DEXs which I use it for interactions for possible aerdraps. And as I didn't see the needed bullish move, I just had to hodl till the next BTC halving.

[Anonymous No.53034582]

>>53032703
Most delusional thing I've read on biz in while

[Anonymous No.53036711]

>>53033136
Have you considered the possibility that it’s you that is retarded?

[Anonymous No.53037763]

all the normies that bought ETH and have staked it on exchanges are in the red, the moment they allow withdrawals expect a mass sell off which will create a downwards pressure on the price. As the price goes further down pepole will start panicing and they will also sell further dropping the price.

[Anonymous No.53039292]

>>53037763
Check the fraction that have staked. You’re fudding and you know it