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/biz/ - Business & Finance

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57034037 No.57034037 [Reply] [Original]

It's so over for ETHcels

>> No.57034058

>undervalued
Sergey literally said that enterprise are just going to build their own chains. ETH's value prop has always been "The biggest, safest, most decentralised chain" which would make it the place for global settlement.
But that narrative has completely died. Now there will be 10,000 enterprise chains all connected by CCIP, ETH not needed.
Not only that, but with the MEV orgy and builder censorship, they can't even claim the moral high ground.
>too expensive for poorfags
>too corrupt for wealthy retail
>not going to be used by enterprise
Who is their target market, again?

>> No.57034066

>I'm in disbelief
>no matter
eth baggies are so retarded, just buy sol

>> No.57034079
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57034079

>>57034037
ETH is a genuine shitcoin and METHheads will go back down with the ship.

>> No.57034080

>>57034037
I doubt he's bought any ETH since ICO. Fuck I hate this guy

>> No.57034091

>>57034058
>CCIP,

New /biz/ filter just dropped. ty faggot

>> No.57034104
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57034104

>>57034037
>teehee haha my eth bags are hilariously undervalued!
>i'm gobsmacked but my faith hasn't wavered!

>> No.57034124

>>57034058
lol, meanwhile Jp Morgan and the Singaporean gov just trailed tokenised transactions on ETH

>> No.57034127

Impatient twitter faggots are having a colossal meldown/are bitter about eth simply because the other L1's (ICP, AVAX, SOL, etc.) had far bigger surges over the past month. It's simply FOMO, nothing more.

Most major development and great smart contracts are still built on Eth. The main issues with eth are the atrocious scalability issues (which will be fixed in the future with their sharding upgrade) and it's market cap is already extremely bloated, which allows far less room for pumping.

>> No.57034129

mETH, not even once.

>> No.57034137
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57034137

>>57034104
>Dude I'm totally laughing at how undervalued my bags are

>> No.57034564

hey retards

the only underpriced chain is ICP

all the rest are pumped up ponzis

>> No.57034609
File: 250 KB, 836x852, Screen Shot 2023-12-03 at 12.16.43 PM.png [View same] [iqdb] [saucenao] [google]
57034609

>>57034037
>I'm honestly in disbelief with how undervalued ETH is right now and how it's somehow become a non-consensus bet.
>No matter - I can keep buying ETH longer than the market can stay retarded.

>> No.57034637

>>57034058
JPMorgan, Citi and Citadel already published a thorough plan to launch on Avalanche and going to launch a collaborated project in 2024. Visa is showing interest in Solana etc. I don't think Ethereum is built well enough for RWA and TradeFi (It was obvious from technical pov even 2 years ago but many thought ETH network effect was enough to force itself and dominate every narrative, Clearly not the case), It should pivot to store of value desu, That's the narrative i would choose personally.

>> No.57034775

>>57034637
>he's falling for the partnerships meme in 2023
ngmi

>> No.57034808

>>57034775
It's not partnership, I believe in Avalanche case there's already whitepaper out explaining how the whole protocol is going to work. Not sure about Solana-Visa relationship, Maybe some SOLfag elaborate on this

>> No.57034899

>>57034564
can't wait for ICP to crush this fat fuck sassal

>> No.57034922

>>57034058
these fees drop the less people that use it you moron

>> No.57036212

>>57034899
checked, thank you lord

>> No.57036218
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57036218

>>57034037
who the fuck is still buying ETH?
you literally have something as bullish as BTC, or something as cheap and exploitable as VINU
AND YOU'RE STILL BUYING ETH?!?!

>> No.57036230

Kek

Always have to laugh at all the BTC + alt L1 holders

>> No.57036608
File: 402 KB, 680x383, Sassal.png [View same] [iqdb] [saucenao] [google]
57036608

>>57034037
He's one of the reasons I started using other chains. Him and the cringe Bankless maggots

>> No.57036654

>>57034137
its hilarious how overpriced ethereum is and thats understatement

>> No.57037333

the miners are revolting after millions of dollars worth of gpus became unprofitable for months this drew a line in the sand for me I will never touch ethereum or any of its related products all the onions millennials behind it should have been warning enough for baggies but hey baggies gonna bag

>> No.57037353

>>57034037
>2nd biggest crypto
>undervalued
Kek

>> No.57037378

>>57034058
>CCIP
kek

>> No.57037393

>>57034037
Is that how baggies really feel about the scam blockchain? Oh my god.... This is so bullish its unreal
>t. XRP maxxi

>> No.57037573

What makes a chain valuable is it's security: ability to withstand attacks, including the smart contracts on that chain. If contracts on a chain are battle-tested, holding lots of value for years while trying to be exploited, that's the measure for trusting a chain/contract with all the money of the world not yet on-chain. And with that measure ethereum is way, way ahead of everyone else. The only other network that can compete with it is Bitcoin, if it manages to get some sort of usable smart contracts with some L2 mechanism. Ordinals show that there is hope for Bitcoin in that respect.

>> No.57037587

>>57034058
And why shouldnt they all build their own eth l2 instead ?

>> No.57037590

>>57034637
>>57034808
Avax will hit $1000+