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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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56682822 No.56682822 [Reply] [Original]

BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
>BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
>BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
>BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
>BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
>BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
>BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
>BLACKROCK HAS OFFICIALLY FILED WITH THE US SEC FOR A SPOT ETH ETF
https://x.com/whalechart/status/1725117441884262591

>> No.56682830

>x.com
Not visiting your porn site chaim

>> No.56682831

>>56682830
kek

>> No.56682833

>>56682822
nothingburger

>> No.56682835

>>56682822
btcs last final narrative...a boomer etf...the irony

>> No.56682842

>>56682822
>unbounded upper coin limit
does the sec even know?

>> No.56682846

>>56682822
reminder that it will be rejected too

>> No.56682868

ETH to $6k when?

>> No.56682889

>>56682835
Eth ETF is bad news for eth and good news for btc. I don't know why any PoS coin would welcome blackrock...

>> No.56682903

>>56682822
((THEY)) ARE GONNA BUY OUR BAGS AND PLAY PONZI SCHEME PAPER GAMES ONTOP OF US YAYYYYYY!!!!!

The state of hypebeasting ETF cucks is really sad, don't you fools have any idea why crypto was created in the first place??

>> No.56682904

>>56682889
>I don't know why any PoS coin would welcome blackrock...

>larry fink in monopoly-man outfit arrives
>now i own 99.999%
yes

>> No.56682914

Whoever holds the most eth, controls the network. Ethereum holders who thinks this is good, have no idea about what they own.

>> No.56682924

Wtf why are we dumping instead of pumping? Eth bros???

>> No.56682928

>>56682914
i'm a retard so i dont even understand how you make an etf from a sec crime scene?

>> No.56682934

>>56682914
Just more incentive for dissents to move to PulseChain and abandon Ethereum to the slave-tier green candle chasers.

>> No.56682971

>>56682842
>does the sec even know?
The SEC is in cahoots with the Ethereum Foundation. Of course they know.

>> No.56682976

>thread about Ethereum
>instant seething on every reply
You know there are people who will pay for you to do this? I hope you anons aren't doing all this for free.

>> No.56683002

>>56682976
eth, behind btc is my #2 holding.
however the move to PoS has really soured me on it and its appearing that the market largely feels the same.
it really exposed the entire thing for the latent scam its been....

>> No.56683036

>>56683002
>PoS where you aren't gatekept by how much money you can pile into ASICS to validate is worse than PoW.

>> No.56683230

>>56683002
You can't blame PoS when you post about the SEC or "unlimited coin supply" because these existed back when Ethereum was PoW. What happened with PoS you didn't expect? It's working like intended. Devs benefit from stable blocktimes so it's easier to build stuff like rollups, users and holders benefit from 3 %-points lower inflation, it's more accessible to validate (decentralized), etc. It's hilarious how one consensus mechanism makes people seethe so much. I understand the FUD back when merge happened, but it's been working well for 1-3 years now, depending on if you count from the merge or beacon chain launch...

>> No.56683273

>>56683230
>What happened with PoS you didn't expect? It's working like intended.
is this some type of advanced british dry humor?
yes, it is working as intended.
it literally works now like the federal reserve works, which is unironically a PoS model (12 regional banks who each own a pro-rata ownership in nations central bank based on their respective capitalization)
can you not understand why ppl over the age of 25 are negative on that?

>> No.56683360

>>56683273
If you compare users who can validate to regional federal reserve banks, it's more like 3.75 million (120M ETH / 32 ETH) banks and anyone can become one by buying 32 ETH and setting up a validator (or a part of it with a pool). It's not really a good comparison.

>> No.56683370

>>56682833
Faggot dont you understand this will absolutely kill off Ethereum?

>> No.56683441

>>56683360
dude.
larry fink is about to arrive with a dump truck of freshly printed monopoly money and become the largest staker and control the project from here on out.

this is why people hate PoS - not because of some gay technical argument - but simply that PoS trivally makes your project a pawn of the established financial system. Its pretty funny that the same ppl who used to argue about how to mitigate 51% attacks threw it all away and allowed a monopoly money 99% attack.

>> No.56683465

>>56682822
How can they just do that? Same with BTC, shit is fucked up

>> No.56683477

>>56682889
>good news for BTC
kek

>> No.56683484

>>56682903
kek cope yuropoor

>> No.56683510

>>56683441
This might just be the end of crypto. Public's trust to put any money into coins afterwards will be severely dampened and eventually lead to a market collapse

>> No.56683529

>>56682822
Can someone explain this to me like I have brain damage (I do)

>> No.56683540

>>56683510
more likely is larry-nodes will just start refusing to validate non-esg racist transactions.
eth will morph into being smart contract platform to whose contracts prove that 2+2=5.

>> No.56683551

>>56683441
He could also buy all ASIC miner manufacturers and miner companies. Buying enough ETH to "control" the network is much more expensive and would face him getting forked out and losing all his money. He doesn't want to attack Ethereum, he wants to make profit and will do that by selling investment products.

>> No.56683609

>>56683551
>you can just as easy buy control of PoW
not really due to the physical nature of the process - particularly needing to move to diverse regions to source cheap electricity - PoW is 10x more resistant to this type of attack. and history proves has already proven this.
>He doesn't want to attack Ethereum
yes, we know he isn't going to "attack" it. He is simply going to be the largest staker. And that staking percentage will grow over time until its a super majority position.
Then the devs will unofficially work for larry and when he suggest an idea they will pay very close attention.

>> No.56683743
File: 366 KB, 1551x1941, IMG_0555.jpg [View same] [iqdb] [saucenao] [google]
56683743

>>56682822
USD IS WORTHLESS PAPER
ALL IN ON BITCOIN

>> No.56683790
File: 1.44 MB, 498x291, imgres.gif [View same] [iqdb] [saucenao] [google]
56683790

*pulls it back*
>files it again
*pulls it back*
>files it again

>> No.56683907

>>56682924
I bought yesterday
oh and I'm jerking off 3x daily again. I warned you /biz/

>> No.56683925

>>56683510
>publics trust
You think the piblic knows what PoS is? You think they understand what validators do? You think they even know how the internet works in 2023? The public is a giant fucking retard. They dont know, and they don't care.

>> No.56683929

>>56683790
they're milking goyim for money

>> No.56683950

>>56683609
>particularly needing to move to diverse regions to source cheap electricity
I bet Larry has the money to move his mining operations wherever he wants. Or just buy a bunch of power plants. And in the case of Bitcoin's PoW the halvings have a negative effect on chain security every 4 years, making attacks cheaper. Who will be mining after 9 years when the block reward is 12% of today? Most small miners have quit already and many more bigger ones will follow. Ethereum PoS is a lot more future proof in this regard.
>He is simply going to be the largest staker
Ethereum doesn't have onchain governance so having lots of ETH doesn't let you change any protocol rules, only affect consensus. Institutions who own lots of ETH will have an effect on Ethereum though, this is already happening with Lido for example. But the devs aren't working for Lido, they are working against the centralization it has brought. Same will happen with Larry if his stake ever gets "too large". Anyway all validators have to follow protocol rules or they get slashed. If Larry starts censoring for example (which does follow protocol rules (until PBS comes I guess)) people can organize to UASF the fuck out of him. Attacking Ethereum (and I count your scenarios as attacks) is a very dumb way to lose all your money. Larry will be an honest validator like all the rest.

>> No.56684007

>>56682822
>dumps

>> No.56684082

>>56683441
there is less than 1% of ethereum for sale. and buying it simply increases the cost of attack

>> No.56684109

>>56682822
Nigga, its been a few days already

>> No.56684145
File: 128 KB, 344x298, file.png [View same] [iqdb] [saucenao] [google]
56684145

you only need 1 ETH to make it.

>> No.56684215

>>56682822
Infinite supply

>> No.56684298

Wen spot LINK ETF?

>> No.56684330
File: 173 KB, 730x400, diversification.jpg [View same] [iqdb] [saucenao] [google]
56684330

>>56682822
https://www.youtube.com/watch?v=8P12bMQMXLA&list=PL7eVRLtUZKys1zVYgZejpXwnQRTBZAoQD

>> No.56684956

>>56683950
>Who will be mining after 9 years when the block reward is 12%
when price and fees are 10x?
>Or just buy a bunch of power plants.
also he will have to re-buy all his mining rigs every 3-4 years because newer more-efficient rigs erode his 51% control

If it was so easy to control diverse physical production, why doesn't Larry just buy all gold mines and all gold mining equipment? Or maybe just buy all food production?

>Ethereum PoS is a lot more future proof in this regard.
Its only a matter of time, before capital markets are the sole stackers/validators - anytime something has no physicality to it, its going to become dominated by those closest to the printing press...

>> No.56684971

>>56682822
>coming up: the sec has denied blackrock's etf
trade accordingly.

>> No.56685104

>>56683551
>>56683950
Finally a high IQ poster on this retard-infested board

>> No.56685122

>>56684956
>also he will have to re-buy all his mining rigs every 3-4 years because newer more-efficient rigs erode his 51% control
>If it was so easy to control diverse physical production, why doesn't Larry just buy all gold mines and all gold mining equipment? Or maybe just buy all food production?
The point is it's expensive and so is buying a majority share of ETH. PoW and PoS work in this regard, you're just being pedantic.
>Its only a matter of time, before capital markets are the sole stackers/validators - anytime something has no physicality to it, its going to become dominated by those closest to the printing press...
I own 1 bitfuck but I'm much more bullish on ETH. Why? Because owning a significant share of the network which will be a pillar of the global financial system which enslaves all the normies with smart contract obligations is obviously a much more profitable proposition than a "decentralized" payments network at takes 10 minutes to confirm a transaction.

>> No.56685295

>>56685122
>system which enslaves all the normies with smart contract obligations is obviously a much more profitable proposition
I'm glad you admitted that. Not from a "gotcha" perspective but its just that ETH users like yourself tend to ape maxis concerns about wanting to build a new decentralized financial system but in the end we know you're just not that into it. We know you desires are much more inline with the mainstream...which is fine...just glad you admitted it.

>than a "decentralized" payments network at takes 10 minutes to confirm a transaction.
LN has existed for 4 years and is used every day. Given the development of Taro by Jack (and he an Elons plan to make X a wallet), its far far more likely that USDC-on-LN will dwarf your slave-smart contracts in volume by several orders of magnitude.

>> No.56685343

>>56683950
>Lido
Ohoh aahooooh

>> No.56685375

>>56685104
stop samefagging

>> No.56685419

This feels like a move based on the BTC ETF likely not being approved this week

>> No.56685461

>>56682822
nobody fucking cares ffs

Blackrock doesn't invest in the etfs themselves anyways. And there are plenty of ways to expose yourself to ETH and there is zero new money in crypto.

>> No.56685473
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56685473

>>56685461
Who wants to buy money on ebay?????

>> No.56685513

>>56684956
>when price and fees are 10x?
Price doubling every halving can only happen so many times. If this is what nu-Bitcoiners consider a good chain security model it's doomed.
>will have to re-buy all his mining rigs every 3-4 years
Yeah he has the money for it like every other big miner. And it doesn't matter if he owns the manufacturers and decides not to release the newest and fastest miners to public.
>buy all gold mines and all gold mining equipment? Or maybe just buy all food production?
SHA-256 ASICs is many orders of magnitude smaller market than your examples.
>anytime something has no physicality to it, its going to become dominated by those closest to the printing press
Doesn't have anything to do with physicality but with all assets. At least it centralizes less than BTC mining because smaller (or nonexistent) economies of scale. And if more people stake, the staking yield goes down making other investments more attractive.
>>56685375
Even if that looks like samefagging, that's not me.

>> No.56685744

Just checked and yes the SEC has begun to post that it's delaying the ETFs.

So this was probably a move to try to mitigate the crypto dump. There's no reason you would suddenly start spamming altcoin ETFs when you're hoping to get a BTC ETF through the door.

>> No.56685752

>>56682822
>dumps

>> No.56685811
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56685811

I compulsively study these charts all day as an ETH maxi

How many times does it want to hit this resistance point and then go back to 2100 before dumping again over a span of a few days?

>> No.56685920

>>56685811
we call that ranging

>> No.56685939

>>56684145
what if i have 3?

>> No.56686149

>>56682971
this
they want it as scammable as possible or else they won't make as much money
duh