/biz/ - Business & Finance

>>24907767
shut up you idiot
/thread

>THIS PIECE OF SHIT IS JUST A UTILITY TOKEN
This is why they've created ETFs for ETH now? kek

>>24907809
THEY HAVE ETF'S FOR HORSE TESTICLES YOU FUCKING NIGGER RETARD

>>24907767
>"ETHEREUM HAS AN INFINITE SUPPLY"
Go back to India retard.

>>24907767
chimp brain

inflationary crypto assets with usecase (required inflation) will become better stores of value you brainlet. Gold is the best store of value and has inflation. Bitcoin is a scam

>>24907767
>INFINITE SUPPLY
wrong nor was it premined like most other altcoins.

>>24907827
HAHAAHAHHAHA YOU CANT REFUTE IT

ETH HAS INFINITE SUPPLY

ETH IS INFLATIONARY

EXACTLY JUST LIKE FIAT

WHY DO YOU THINK FIAT IS A POOR STORE OF VALUE???

COULD IT BE BECAUSE ITS INFLATIONARY AND HAS AN INFINITE SUPPLY?

YOU TELL ME YOU FUCKING RETARD NIGGER

>>24907828
Dude thoroughbred horse cum is more expensive than gold

>>24907850
>Bitcoin is a scam
please stop posting... the only coins that should be shilled against are pre-mined/pre-minted coins...

>>24907850
WRONG U DUMB NIGGER

IF U KEPT 50 BTC SINCE THE START YOUD BE A MILLIONAIRE

IF U KEPT 50 ETH SINCE THE START YOU WILL HAVE 50 DOLLARS AT THE END BECAUE IT HAS INFINITE SUPPLY

IT IS POOR STORE OF VALUE

ETH IS LITERALLY USING FIAT ECONOMICS

>>24907859
>wrong
hmmmm, wonder whats different

>>24907890
GREAT NOW DRINK IT YOU CUM GUZZLING RETARD

>>24907767
>all caps
You had 7 years. It's literally going to 4k and there's nothing you can do about it.

>>24907873
>ETH IS INFLATIONARY
it really isn't...

The issuance schedule is ~4.7M per year for the next ~1-2 years or however long it takes until the merge, and then ~0-2M per year minus burned fees (which could be even greater than the issuance!) once PoS is fully in place.

>>24907960
ETH IS INFLATIONARY YOU FUCKING NIGGER KIKE STOP USING MENTAL GYMNASTICS TO CONFUSE PEOPLE YOU NIGGER

>>24907903
>IF U KEPT 50 ETH SINCE THE START YOU WILL HAVE 50 DOLLARS
>>>/biz/ everyone

21.3 Million more ETH created since the summer of the 2017 Bullrun. ETH was $360, BTC was $2,500. This is one of the reasons BTC has gone 10X while ETH has not even doubled!!!
> https://coinmarketcap.com/historical/20170615/
Other reasons include founders/devs/insiders dumping 70 Million of premine and ICO scammers dumping millions of ETH they got for free.

>>24908008
He may be retarded but you cannot refute the supply B00B

>>24907986
it really isn't since the going market supply is what determines price... 2 mil after the merge is literally 1% inflation rate... given increasing volume and adoption it's virtually a non-factor...

like I said... go back to India and keep shilling your scam pre-mined coins there.

In before..
> EIP-1559 hur dur DEFLATIONARY
This marketing gimmick meme started being shilled to retards in October 2019. Since then 6 Million more ETH has been minted and now ETH has inflation rewards on Proof of Work and Proof of Stake chains meaning....MORE INFLATION and dilution of value for an unknown number of years. Worst all that staked ETH1 and the POS ETH2 will be released at one go bringing this a shitcoin spiral flush.
>https://medium.com/@TrustlessState/eip-1559-the-final-puzzle-piece-to-ethereums-monetary-policy-58802ab28a27

>>24908048

>>24908075
KIKE NIGGER MENTAL GYMNASTICS TO OBFUSCATE FACTS

HERES WHATS IN FRONT OF EVERYONE:

20 MILLION ETHERS HAVE BEEN MINTED SINCE 2017

THIS IS WHY ETH WONT MOON

ITS A FUCKING SCAM

YOU NIGGERS ARE DUMB

STOP USING KIKE MENTAL GYMNASTICS

>>24907767
Agreed OP. IT CAN'T FUCKING SCALE. HOW MANY TIMES DO WE HAVE TO SAY THIS?!?!

ETH is pure spaghetti code. ETH was without a doubt a great idea; I will not deny that at all. However, most people in crypto don't have the comprehension or knowledge to be able and look at the code-base and identify flaws that could be catastrophic, both in terms of economic, security, and overall functioning in cost signals.

Vitalik is smart. However, he's the most retarded smart person in all of crypto. He's a fucking child who doesn't own up to his inability to produce a creation and has longevity. Him and his cronies wrote shitty-ass code. It can't scale. The only way it can scale is constant upgrades each time they feel things are getting congested. This is where the problem lies. It is impossible for ETH to implement a scaling solution to where it doesn't need upgrades anymore. For ETH to work, it will need constant upgrades of ETH 2.0, 3.0, 4.0, so on and so forth for an indefinite amount of time - just kicking the can down the road. Off-chain scaling won't work either because ETH's security is already shit on a stick. Making something more complicated that is already a piece of shit is 100% pointless. People can never steadily develop something on ETH because with each 'scaling upgrade', those who are creating on ETH will have to pivot each time to ensure their product is compatible to work on ETH. To sum it up, each time ETH decides to upgrade to scale, it just gets worse.

For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction. Since ETH cannot implement SPV, it's impossible for ETH to scale because it does not have the capabilities to know the exact amount of ETH in every single ETH wallet after each transaction at a massive scale.

The only way to permanently fix ETH would be to roll back the chain to the beginning almost. Vitalik is just your average Russian retard who can't produce anything of value.

>>24908078
>stonks

>>24908127
>Vitalik is just your average Russian retard who can't produce anything of value.
>inb4 BitcoinSV will swoop in and save the day

Vitalik promise me you will only print ethereum in a very predictable fashion and not just make the eth print go brrrrrrrr one day

>>24908075
>>24908045
>>24908078
Christ the mental gymnastics. Anon just showed you 21 million created in 3 years and you say it's not inflationary. Price has barely moved in 3.5 years while Bitcoin has gone 10X. Either a paid shill or a retard

>>24908159

>>24907767
Tons of eth fud lately. You know what that means... buy up. Biz is fucking retarded when it comes to eth. I’m almost certain these are huge eth holders fuding their own coin to accumulate cheaper.

>>24907986
Damn, you're a dumb fucking retarded faggot.

Truly.

>>24908127
>samefag
>and copypasta

>>24907850
>Bitcoin is a scam
I was paying attention until this

>>24908101
>"MENTAL GYMNASTICS TO OBFUSCATE FACTS"
fact: after the merge epoch the "inflation" rate is literally less then a quarter of the current "inflation rate"....

fact: mining is causing slow inflation to all coins

fact: you belong in your shill containment threads and know little about how the economics of crypto actually works

>>24908127
>ETH is pure spaghetti code

>>24908221

>>24908227
>shilling and fuding on 4chan actually effects the price

>>24908277
20 MILLION HAS BEEN PRINTED

STOP OBFUSCATING WITH YOUR KIKE NIGGER MENTAL GYMNASTICS

WHY WOULD ANY BIG MONEY SPECULATE ON ETHEREUM


WHEN 20 MILLION HAS BEEN PRINTED

YOU FUCKING NIGGER PIECE OF SHIT

>>24908301
worked for chainlink.... soys will jump on anything

>>24908324
>"HAS BEEN PRINTED"
mined...

fixed that for you lil buddy...

>>24908367
SHUT THE FUCK UP YOU DUMB NIGGER

OBFUSCATE

BUT YOU CANT REFUTE

20 MILLION PRINTED/MINTED/MINED

THIS IS UNDENIABLE

OF WHY NO BIG MONEY SPECULATES ON SHITEREUM

>>24908367
>https://coinmarketcap.com/historical/20170615/
21 MILLION MINTED, PRINTED, MINED in 3.5 years. Why the fuck does semantics matter. There is more of them and dilutes the value of the ETH you buy. That's why ETH hasn't 2X in 3.5 years and BTC has nearly 10X. Now they are going to PRINT more in both POW and POS chain for years. That makes it a retarded investment.

>>24908482
Wait until you hear about additional inflation on ETH 2.0 that will be added to the overall sum once the staking chain is integrated with the original one. Even moar tokens!

>>24908404
>>24908482
>UNDENIABLE
1% inflation... from being mined

>OBFUSCATE
>BUT YOU CANT REFUTE
Calm your tits retard... all coins inflate from staking and or mining even once block rewards conclude there are still transaction fees unless it's fee-less DAG by design.

Go back to "day trading" crypto on Binance you total losers... The core feature of a crypto-currency is it being a distributed transactional protocol first and foremost... otherwise it's not much more then another dotcom bubble with baseless value...

https://en.wikipedia.org/wiki/Directed_acyclic_graph

>>24907805
FPBP

Anyone who is not a mouth breathing cretin understands why BTC is going to die and ETH is not. Do you even understand crypto? Rhetorical question you mong.

>>24908404
>>24908482
>print
using gpu's yeah yeah... it's printing something alright while using a consumable called electricity at an average investment of $0.08/kwh

>>24908633
Cope. How many millions of ETH were bought by Microstrategy? ZERO.
How many millions of ETH were bought by Microstrategy the second time? ZERO.
How many pennies worth of ETH were bought by Microstragy the third time? ZERO HAHAHHAHAHAHAHHAA COPE HARDER AS BILLIONAIRES ARE GOBBLING MORE AND MORE AND MORE.
You have no BTC and you must seethe.

>>24908755
I have BTC/Eth/HEX and have for 7+ years.

You clearly don't understand block chain technology. BTC is capped bro. No devs, no future, old tech. It's getting pumped right now but the future is Eth and anyone who has a basic understanding of the underlying tech knows why.

GL in life.

>>24908755
wait, are you serious?
you do know that microstrategy is balls deep in eth too, right?
the brainlets here who don't understand that the inflation isn't a % inflation of total supply every year, it is a fixed increase of supply every year, meaning the inflation rate DECREASES every year
+ with EIP for burn that is coming the supply will likely become deflationary
you all are fucking retarded

>>24908755
lmfao what a dope

>>24908803
BTC had an inflation bug.
ETH is an inflation bug.
Hey let's make a bet. How many ETH will Microstrategy buy the 4th time? Zero? 1 dollar? 5 dollar? Zero?

>ITS DESIGNED TO BE INFLATIONARY
>WHICH MAKES IT A POOR STORE OF VALUE

>>24908832
>le' not buying FUD meme
Tell me why only exchanges list Monero... where is the value coming from...

You failed rule number 1 of investment... Basing buys off the value strategy is herd mentality...

Value is attributed to utility and equal listed market supply...

>>24908811
>deflationary inflation
wtf i just bought 1000 ETH now

>>24908832
following someone's value strategy is just gambling instead of using your own sense of utility and market observations to attribute value...

warren buffet says bitcoin is valueless... it obviously has no utility to him so... basing your argument around "le' buffet isn't buys so I'm not" is really really dumb...

>>24908910
If value is attributed to utility wtf is Litecoin not zero yet? Literally useless copy, at least ETH has dumb contracts and defi memes.

>>24909001
I personally held litecoin when bitcoin transfer fees were crazy high... cheaper reliable transactions would be my guess and it has lots of supported wallets unlike most newer alt-coins.

>>24908984
why has gold always been the store of value if it has zero utility?

>>24908984
Sir have you applied "market observations" to this chart recently? You might want to.
https://www.tradingview.com/chart/?symbol=BITSTAMP%3AETHBTC

>>24908924
you think I'm memeing, but basically there will be a large burn introduced into all transactions that is more than likely going to be either the same as the supply created from the inflation or even bigger
look up EIP 1559, which is in the final stages of getting plugged into the protocol

>>24909104
being a global store of value was it's value... it's the argument between asset and product.

>>24909104
the Chinese always valued silver while the Europeans valued pottery and spices...

>>24909140
> large burn introduced into all transactions
WHAT!? on top of (high) gas fee? THis will kill the user.

https://www.youtube.com/watch?v=hhMAt3BluAU

>>24907937
Based retards all around. I missed this place.

>>24909198
it will be instead of it, but, yes, basically the new "tip" will rebalance itself into what is now the total tx fee
as long as there will be demand, this won't kill the user. this will highly incentivize even more L2 scaling solutions though, yes. It is retarded to transact directly on the chain in future anyway
think long term, anon. like 5-10 years from now. any dapp worth their salt will have an L2 connected to them. gas will not be an issue for the user whatsoever

>>24907767
Founder risk
Not decentralized(will fork chain tor contract bugs, see dao hack)
Proof of stake not proven to work
Proof of work currently not suitable for scaling
Project had rebranded at least 3 times, first it was the btc killer, then the payments network, then store of value, then defi, then digital oil. Lmao.

That said I still gave a 32 eth stack because I am not dumb and also it’s only 9% of my chad btc folio

Digits and I am out.

>>24907767
It is meant to pay gas fees for using the network, not as a true currency coin. That job belongs to pic related.

>>24907767
Adding the following:

ETH CAN NOT EVEN BE AUDITED.

THAT'S CORRECT.

HOW MANY EXACT ETH ARE THERE

LIKE RIGHT NOW

THAT'S RIGHT

NOBODY KNOWS

>>24909667
Ive never heard of that before OP started spamming those all caps thread. Is it a good buy?

>>24909852
/biz/ fucking hates it because they were one of the very first ones who got involved with it, i.e. followed the development up to release of the smart contract. so, once the contract got released, people were able to mine 0xbtc, and /biz/ retards decided to go all in immediately within the first week instead of waiting it out a little bit, which caused the price to pump insanely and then dump immediately. something like from $1->$5->$0.20. you'll mostly hear bad thigns about it
however, it stayed alive and kept getting mined and mined. recently the hasrate increased 6x to ~25 TH/s, which is 5x of ETC, for reference. we're on our way to the first halving in ~2022
unironically, this is as close to the satoshi's vision of bitcoin as you can get. sound and immutable monetary policies coupled with insane scalability (eth 2.0 and l2 solutions) make this the ultimate cash
it is also the first mineable token and the only one that has any traction, and even then it is extremely low cap. so, yes, it is an amazing buy, but people will shit all over it until it is too late... just like everyone shat on bitcoin in 2010, 2012 etc.
this is like buying btc in 2010

I bought some ETH yesterday. Am I fucked /biz/? Should I get out if it goes up a bit more?

>>24910085
Its a stablecoin you absolute newfag. Man, the bitcoin hype has really brought in the retards.

>>24909969
You're just trying to bring back from the dead an old pumped n dumped shitcoin.

>>24910642
no, i'm serious and I was surprised as well. it went from 5TH/s to 25TH/s recently. i'll admit that right now at this very second it is 12TH/s (it is highly dependent on gas fees too, so I assume that's why as they're fucking huge now), which is "only" 2.5 times bigger than ETC
look, i know it sounds weird as fuck, but there are real life miners who are spending 10s of thousands of electricity to mine this shit right now. currently split between 3 different pools. these are just the facts
https://0x1d00ffff.github.io/0xBTC-Stats/?page=stats&#

>>24910711
Forget it man, biz doesn’t deserve that gem. They’ll shill shitcoins that have no unique use case.

>>24907805
Fpbp