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

/biz/ - Business & Finance

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58006592 No.58006592 [Reply] [Original]

Why is eth so undervalued?
>better deflation
>programmable
>actually used
>actually decentralized
>some of the best talent
>early mover and great brand recognition
>cheats through regulatory environment
>even has an etf coming up
but it still can't pump. I'd buy more saying this was the perfect time to accumulate, but I've been burned buying for fundamentals before.

>> No.58006611
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58006611

>>58006592
i think it's over valued

>> No.58006659

>>58006592
there is no second best

>> No.58006671

>>58006592
I think the etf wont come in may
But generally because alt l1 shills more aggressive and the fee trap, also that l2s are their own chains

>> No.58006689

>>58006592
It's overvalued.

>> No.58006710

>>58006592
wait you actually think eth should be closer to btc in price? mETH heads are truly delusional

>> No.58006727

>>58006659
Eth is better than bitcoin though
>>58006611
icp is on of my favs, the others being ftm and avax

>> No.58006745

>>58006710
it should be above

>> No.58006877

>>58006592
>was inflationary for a long time
>actually not as decentralized as advertised
>spagetticode
>slow development with little improvements
>low tps
>time to finality takes a long time
>miners got betrayed and kicked out
>dumped by the EEA who are looking for other solutions elsewhere

ETH is extremely overvalued.

>> No.58007773
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58007773

>>58006592
whats really undervalued and its a fact that doesn't have any bad logic behind is that some games like blocklords may be viable in some cases, as long as you can pay it like it is a big giant monopoly board, (go nuts with taxes while paying king), but meh whatever, just here ranting....

>> No.58007793

>>58006877
ironically all of these things apply to btc

>> No.58007807

>>58007793
Doesn't that apply to a lot of memecoins and alts?

>> No.58007820

>>58006592
also they have fucking humonguos gas fees....

>> No.58007843

>>58007773
if you put it like that, a monopoly game on steroids, cant decide if that's good or bad.

>> No.58007858

It’s actually a good thing that the shitcoin casinos went to other cheaper chains. ETH is the prestige L1, it works and it’s too expensive to spam.

>> No.58007859

>>58007843
BAD BAD BAAAAAAAAAAAD, I FUCKING HATE MONOPOLY, WORST BOARD GAME EVER

>> No.58007866

>>58007859
board games? more like bored games.

>> No.58007870
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58007870

>>58007773
>when gamefi surprisingly might be a valid alternative now just bc faggots are really interested
>mfw considering

>> No.58007898

>>58007773
shit's backed by epic, who could say that epic was running scams.... /s

>> No.58007918
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58007918

>>58007898
>acting like epic isn't chinese spyware
cmon m8

>> No.58007924

>>58006727
welll yeah but with shitty gas fees.

>> No.58007936

>>58006592
Proof of stake is a scam

>> No.58007935
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58007935

>>58007918
I GOT IT FROM AN AMERICAN WEBSITE

>> No.58007940

>>58007820
They already have layer 2s that solve this. Also the gas fees are better for investors since the money is burned or goes to stakers. And bitcoin has high fees too.

>> No.58008848

>>58007940
>They already have layer 2s that solve this
layer 2s are centralized and they cant handle real world adoption, they also have shit like rollbacks. takes a week for shit to be finalized and until then its not sure your tx went really through.
also remember when arbitrum died from a little bit inscription spam not too long ago?
how are they hoping to handle every business logic in the world with this shit?

>> No.58008872
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58008872

>>58006592
It's overvalued, do you know the price of ether is actually $1? yea only one dollar, thats how cheap it is, i find it laughable that they have to copy avalanche's subnets in an attempt of "fixing" gas fees, its very entertaining how it all went wrong though, l2's are a huge failure and can't scale.

>> No.58008933

i don't get it, avax fixed gas fees waaaaaaaaaaay back in 2020, why does ethereum fixing l2's gas fees even matter? its waaaaaay too late, game over.

>> No.58008941

>infinite supply

>> No.58009201

>>58006592
Crypto is still basically financial black magic to most normal people and the few that know of it only know bitcoin by name, so that's what they ask their broker to buy for them if they want any exposure to cryptocurrencies at all. It'll take a while for the mass market to get educated.

>> No.58009493

>>58006592
gas price

>> No.58009518

>>58006592
Everything not PoW is scam

>> No.58009610

>>58006592
Everytime I've bought into the ERC20 blockchain I've immensely regretted it. I have 500$ in wrapped eth that I can't unwrap because I don't have enough eth to unwrap it. Why can't I just pay the gas fee with my unwrapped eth? This shit is retarded. I've been waiting 4 days for kraken to allow me to make a withdraw of 20$ in eth I bought so I can lose 8$ of it to send to my eth wallet so I can pay another 8-30$ to unwrap it and another 8$ on top of that to send it back to my kraken account so I can sell this shit.
Wrapped eth is shit too. Supposed to be cheaper on gas fees? You can't do shit with it without paying gas fees in eth.
This is the worst crypto coin experience I've ever had, eth is the shittiest hyped coin in existence.

>> No.58010800

>>58007793
bitcoins still POW sweaty