/biz/ - Business & Finance

[Anonymous No.9610359]

Why is this shitcoin supposed to dethrone Bitcoin again?

[Anonymous No.9610426]

>>9610359
non cs retards who fell for the
>web 3.0
and
>muh world computer
meme were too fucking retared to realize ETH is literally just BTC with the added capability to store "code" (i.e. data) on-chain and therefore define additional valid "transactions" outside the spec of the eth protocol itself

they forget ETH is just a distributed transactional singleton machine model exactly like BTC and hence every "computation" has to be performed by every node on the network...

for the brainlets here, that means:
>storing 1GB of data on-chain costs >>3.5M USD
>performing any sort of reasonably complex computation is prohibitively expensive

the reality is there is nothing interesting about ETH or BTC and they will never be used to do anything

people also fell for the
>muh smart contract meme
and think eth contracts will replace all derivatives transactions.... (bc there would be no counterparty risk)

protip: 99.99% of derivative transactions are not cash collateralized and thus always have credit risk... putting them on a blockchain solves nothing

all of this is in the fucking ETH yellowpaper if you're not retarded and can read overly complicated, overly marketed CS paper lingo

hard pill to swallow: crypto is all worthless garbage ponzi tier useless shit that has a long term value of 0

[Anonymous No.9610453]

>>9610426
so are you trying to achieve here?

[Anonymous No.9610465]

>>9610426
Bill this place is bad for your blood pressure go take a nap and calm down.

[Anonymous No.9610468]

>>9610359
it’s not. bitcoin is the foundation for every coin you mongoloid. the market is fractal. novelty builds upon less complex foundations. BTC -> ETH -> Shitcoins. ETH “dethroning” BTC would be like animals “dethroning” fungi, it’s impossible as the system would collapse.

[Anonymous No.9610469]

>>9610359
Developers aren't actively sabotaging the project.

[Anonymous No.9610475]

>>9610465
>>9610453
sorry yall bought @ 1400

[Anonymous No.9610903]

>>9610426
>t. haven't paid attention to any developments since the yellow paper was published

[Anonymous No.9610934]

>>9610426

Cs brainlets are all narrow minded groupthinkers

Bet you think the FBI is gonna arrest Trump too

[Anonymous No.9610950]

>dethrones through adoption

cryptokitties
shrimps
ethergoo
idex
moon inc

all REAL USERS

[Anonymous No.9610987]

>>9610359
More uses than Bitcoin (BTC). Bitcoin (BCH) may give it a run. ETH is the standard for smart contracts and dApps. Although some others visually and sometimes technically do it better, it is ETH that will get the nod to perhaps take over.

[Anonymous No.9611153]

>>9610426
>t. That 30 year old boomer who panic sold his crypto at the bottom

[Anonymous No.9611200]

>eth - 2015 technology - 2 transactions per second
>visa - 1958 technology - 24,000 transactions per second
really makes you think

[Anonymous No.9611370]

>>9611200
That's not how it works, anon.

[Anonymous No.9611954]

>>9610426
Yeah what's really needed is a decentralized platform with separate context. That would already be a huge improvement.

[Anonymous No.9612665]

Computer Scientist Here.

Why would you compare Visa with Ethereum? Centralised systems tend to outperform decentalised ones in terms of throughput. However, atm science discusses the use of Byzantine consensus as developed in traditional state machine replication protocols (such as PBFT as alternative to nakamoto consensus (proof of work). Google for Omi Ledger if you want to do your research on scale-out sharded distributed ledgers that can actually increase their throughout with the number of systems participants by the parallelization or there ordering process in different shards and inter-shard communication

[Anonymous No.9612726]

>>9610465
lmao i started bursting out laughing at my work meeting when i read this on my phone LOL

[Anonymous No.9612787]

>>9610426
Valid critique about why ETH is a scam, but too dumb to realize why BTC has value (and alts don't).

[Anonymous No.9613535]

>>9610359
The ecosystem rewards developers for building infrastructure. Creativity and talent is a more valuable commodity than gold.

[Anonymous No.9613633]

>>9612665
I'd be curious to read what a computer scientist has to say about Chain Link and the oracle problem in general.

[Anonymous No.9613676]

>>9612787
>thinking the shittiest shitcoin of them all is the best one

crypto is doomed

[Anonymous No.9613702]

>>9610359
the flippining is just speculation in a highly speculative market.
i only see one coin controlling the market, very few on this board hold this coin!