OFFICIAL DENCUN UPGRADE THREAD

[Anonymous No.57981092]

Get in here MEthHeads and people who want to seriously discuss Ethereum
>3.5 hours to go
I think the biggest question is how much cheaper l2 really will be and if it translated to l2 consuming less l1 space so lower fees for l1 aswell

[Anonymous No.57981097]

>>57981092
>yesterday $4050
>today $4050

[Anonymous No.57981109]

>>57981092
why isn't this nigger scam pumping
i'm losing so much money holding this instead of literally everything else

[Anonymous No.57981114]

>>57981092
I am quite sure this will result in lower l1 fees and it's already hardly profitable to stake.
There are simply too many validators

[Anonymous No.57981145]

>>57981114
Fees mostly get burned not to stakers
But yeah its only 3% now right?
>>57981097
adhs

[Anonymous No.57981146]

>>57981114
how much lower? 40gwei is already painful for me

[Anonymous No.57981180]

is it live yet?

[Anonymous No.57981184]

>>57981146
how much lower 40gwei lol i wish i could pay over 40 gwei for transactions because i am a chad honey badger with big dick money i pay 79847394 gwei for transactions and i don't cry like a little pussy like you do

[Anonymous No.57981197]

>>57981145
3.7% yesterday, but I can get that from a bank account at the moment, so it's really unattractive atm considering the risk

[Anonymous No.57981199]

6 of 7 ids green
5k confirmed?

[Anonymous No.57981210]

>>57981197
I hate this retarded logic comparing different assets only throught apy
Bitcoin gives even worse apy yet your logic says somehow 3.7% is worse then 0%

[Anonymous No.57981213]

>>57981180
just read op post properly. lesson learned. Don't skimread and look like a retard.

[Anonymous No.57981223]

>>57981184
show big dick or you lied

[Anonymous No.57981234]

>>57981210
You are comparing doing nothing to actively making an effort and stake.
You would have to compare it to BTC mining, which is quite profitable atm

[Anonymous No.57981239]

Ethereum is the second biggest computer network in the world. If you're not a part of it, I don't know what to tell you. But you don't have the makings of someone who is gonna make it. Simple as.

[Anonymous No.57981264]

>>57981092
What do you want to discuss lol

Price action? Trickle down effects? D

[Anonymous No.57981265]

>>57981234
>actively making an effort and stake.
You can literally swap to seth and get that apy. Bitcoin Mining is something completely different.

[Anonymous No.57981275]

>>57981213
Good for you to learn
>>57981264
Price, impact on fees, what you want

[Anonymous No.57981278]

>>57981265
Yeah sure, giving my ETH to a third party

[Anonymous No.57981296]

>>57981275
>what you want
Lower fees on mainnet so I can ape into those $200 fee defi plays.

Realistically though probably not. If Ethereum fee goes to $5-10, Bsc and Sol probably gonna nuke ultra hard. The only winners are L2s so there will be an L2 war probably.

[Anonymous No.57981309]

>>57981234
asics are way less liquid than ether

[Anonymous No.57981314]

>>57981296
look buddy i bought my honey badger tokens way early before all you f@gs started getting into them and now im reaping the benefits in the form of having a 15ft long dick and multiple girlfriends including your wife and the best part is she doesn't even cost all that much it's like 5-10k tokens all these poor little f@gs like you have no clue how much of a money printing machine this thing is

[Anonymous No.57981368]

>>57981092
Its a spaghetti code scam fr

[Anonymous No.57981428]

>>57981278
Based
But i thought staking on your own has almost no cost

[Anonymous No.57981437]

>>57981296
>Sol probably gonna nuke ultra hard. The only winners are L2s so there will be an L2 war probably.
Dream scenario

[Anonymous No.57981458]

>>57981437
It’s a dream scenario whatever happens, because that’ll be the start of alt szn

[Anonymous No.57982127]

>>57981092
Bump

[Anonymous No.57982301]

>>57982127
I love this man so much. No homo

[Anonymous No.57982616]

eth is racist and transphobic
enlightened liberal minded people use cardano

[Anonymous No.57982637]

Dem coons upgrade... efferuums.....

[Anonymous No.57982639]

>>57981092
Friendly reminder to not be the guy who didn't sell the news.

[Anonymous No.57982644]

Thank you money skellington

[Anonymous No.57982668]

Updates on the update here
https://beaconcha.in/

[Anonymous No.57982693]

>>57982668
Clicked this link and all my effirums disappeared

[Anonymous No.57982750]

>>57981234
>actively making an effort and stake.
clicking 2 or 3 buttons is "making an effort" lmao.

[Anonymous No.57982939]

>>57981092
Can someone ELI5 what the Dencun upgrade is? Essentially making transactions cheaper on l2 or??

[Anonymous No.57983016]

>>57982939
Makes transaction costs neglegible on layer 2, and sets up infrastructure for future l1 price reduction updates (which we are not sure if they will ever come). That's it.

[Anonymous No.57983026]

>>57982939
It makes the price go down.

[Anonymous No.57983087]

>>57982668
>>57981092
>>57982939
Watchparty here
https://www.youtube.com/watch?v=iL0cZRkyrV0

[Anonymous No.57983122]

Let's go. Total POS death in 8 mins.

[Anonymous No.57983126]

>>57981296
To my understanding, dencun will not reduce L1 transaction fees for interacting with smart contracts and shit, it will only make L2s much cheaper. Of coure this could impact bnb and other L1 chains, becuase L2s like base or Arbi will become virtually feeless.

[Anonymous No.57983223]

>>57983126
Dencun will make ETH transactions on ICP pay YOU the fees. Screencap this

[Anonymous No.57983231]

WE DID IT

[Anonymous No.57983250]

Seeing lots of green on beaconcha.in

[Anonymous No.57983255]

>>579830871
>Watchparty here
>they're babbling right through the transition without paying any attention to it
fucking useless

[Anonymous No.57983269]

>>57983255
meant >>57983087

[Anonymous No.57983279]

well that was a disappointment. just sold all my eth

[Anonymous No.57983293]

>deliver a smooth upgrade without problems
>drop in price

This fucking markets, I swear

[Anonymous No.57983311]

>>57983087
owari da
just bring out the fur suits and get it over with

[Anonymous No.57983316]

>>57983293
It dropped before thats a good sign.
When the burn was introduced it also first dumped and then pumped a lot

[Anonymous No.57983327]

>>57983311
Topkek

[Anonymous No.57983335]

>>57983316
Hopefully you are right

[Anonymous No.57983346]

>>57983316
cope

[Anonymous No.57983355]

WHERE THE FUCK ARE MY BLOBS VITALIK
https://blobscan.com/

[Anonymous No.57983359]

>>57983335
Well Bitcoin is dumping aswell so maybe its unrelated

[Anonymous No.57983367]

>>57981092

https://schiptsov.github.io/notes/ethereum.html

Autism against autism

[Anonymous No.57983400]

>>57983355
OH FUCK OH FUCK OH FUCK IT DIDNT WORK

[Anonymous No.57983406]

>>57983400
that's it, I'm selling
on leverage

[Anonymous No.57983408]

Anybody here currently staking? It cost around $300 in hardware to set up a node, and the power costs are nominal (i.e., 30w avg). I 'm considering it....

[Anonymous No.57983472]

>>57983367
I don't care if the code is bad. I only care that numbers go up.

[Anonymous No.57983486]

>>57983408
any idea what network capacity is required for a node? my upload speed kind of sucks, don't know if I could make it work

[Anonymous No.57983494]

is it safe to bridge shit into / from ethereum right now?
binance won't let me withdraw my shit and i need to get money in eth right now

[Anonymous No.57983508]

>>57983367
>typo in first paragraph
dropped

[Anonymous No.57983542]

time to slurp

[Anonymous No.57983590]

>>57983494
Wait an hour

[Anonymous No.57983624]

>>57983293
facts bruh. ive seen it all at this point

[Anonymous No.57983647]

>>57983486
I dug into it, but I have not made the plunge. The eth-staker discord seems to be the best. The requirements hardware wise are pretty modest; just need a fast 2TB non-qlc ssd drive and at least 32gb ram. 10mbs up and down network connection, and unlimited data (make sure you have this with your isp because they will fuck you bad $10 per 50gb over allotment)

This is probably the best website out there:
https://eth-docker.net/

[Anonymous No.57983768]

How exactly will this upgrade lead to a rise in ETH price?

[Anonymous No.57983798]

>>57983768
as L2s flourish it will attract more investors into the eth ecosystem

[Anonymous No.57983806]

>>57983355
IT'S DEAD AAAAAAAAAAAAAAAAAAAAAAAAAA

[Anonymous No.57983812]

>>57983768
It won't.

[Anonymous No.57983827]

>>57983806
they killed ALL the blobs??? not one left alive?!

[Anonymous No.57983985]

Are gas fees now cheaper on base net? How expensive are L2s?

[Anonymous No.57984022]

>>57983355
>he fell for the blobscam

[Anonymous No.57984108]

>>57983985
It will take at least several days for rollups to move to blobs.

[Anonymous No.57984109]

>>57983985
Apparently not, hence the dump.

[Anonymous No.57984184]

>>57984109
lmao this time is Vitalik doing the betraying.
Sergay is sleeping comfy tonight.

[Anonymous No.57984195]

And the crowd goes mild

[Anonymous No.57984214]

>>57984108
>several days
let me guess.... Is it 14 days?

[Anonymous No.57984229]

>>57984214
no, its in two weeks

[Anonymous No.57984294]

And for this nothing burger they pulled this client diversity 'everyone will lose all his stake' fud out of their asses.

[Anonymous No.57984319]

Not to fud but is this shit supposed to pump any time soon?
I could swap my eth for anything else and make a profit but i wanted to see what would happen today

[Anonymous No.57984755]

>>57984022
Vitalik has Huge Penis.

[Anonymous No.57984998]

>dencun
Did Tomino name it?
https://youtu.be/TaIudiBPNSY?si=kyKxoV8rJCBrp6oN

[Anonymous No.57985137]

>>57983827
blob slayer vitalik

[Anonymous No.57985163]

>>57985137
>>57983355
>>57983806
IT'S ALIVE

[Anonymous No.57985340]

>>57983311
checked LOL

[Anonymous No.57986426]

>>57985163
ITS WORKING
ITS WORKINNNNNNNNNNG

[Anonymous No.57986510]

>>57985163
>>57986426
>total
world changing

[Anonymous No.57986521]

>>57985163
Beautiful.
>Verification not required.

[Anonymous No.57986704]

seems there is a 90% reduction for the L2 sequencers submitting batches to mainnet, so it'll have some impact on mainnet too when all the sequencers switch over to use blobs

old:
https://etherscan.io/tx/0x47fd986b8dbee23275301838ea5cec477463f848df2dd91d021f5fc98263b942

new:
https://etherscan.io/tx/0xb3d65c8756871b07d504612c87b07aec24cc085108ea05d389bc64e31f1135ab

blobber:
https://blobscan.com/tx/0xb3d65c8756871b07d504612c87b07aec24cc085108ea05d389bc64e31f1135ab

[Anonymous No.57988606]

>>57986704
ETA on when they're fully migrated?

[Anonymous No.57988678]

>>57984108
ah ok, I figured we'd have to wait. thanks for the ETA

[Anonymous No.57989165]

$blobs bros, its not looking good

[Anonymous No.57989438]

ZkSync has activated blobs. Arbitrum and Optimism tomorrow. ZkSync era fees down some, but not order of magnitude yet. We'll see in few days. This is a slow start.

[Anonymous No.57989728]

$85 for a mainnet swap is not okay.

[Anonymous No.57989792]

>>57989728
your singular swap is sharing blockspace with L2 commits containing hundreds of transactions. of course it will be expensive

[Anonymous No.57989797]

I am financially blob'd

[Anonymous No.57989822]

>>57983647
been staking for years now, no you don't need 32GB of RAM. 16 is fine. Definitely go with the fastest SSD you can get that will hold everything. Don't use geth or prysm as your clients. geth sucks ass anyway.

[Anonymous No.57989909]

>>57981092
i've had eth for the last 4 months on dextools and i haven't retrieved any of it yet, i can't take it anymore, anons
do i sell? I NEED IT I NEED IT I NEEEEEEEEED IT

[Anonymous No.57989943]

AYO FAGGOTS CHECK OUT SLINKY DOGE ON ARBITRUM AND SUCK MY SLINKY COCK

[Anonymous No.57991394]

>>57981278
it depends. rETH is probably the least custodial way to stake without running your own node. stETH, wstETH, and cbETH are more custodial.