/biz/ - Business & Finance

>>26220408
what was the FUD? I missed it.

>>26220507
Biden appointee talking shit on Crypto, typical boomer behavior and so on.

>>26220408
What's the FUD?

>>26220507
Yellen said bitcoin was for terrorists and white people

>>26220408
efferium

>>26220507
>>26220528
What is the point of Ethereum?


This is very funny and I laugh at the unquestioning vapidity of people who say "smart contract" and just let other people fill in the details as to what that should mean and what the value should be. The mistake here is that "smart" is a misnomer. A contract, as we have known them for many hundreds of years, is already smart because it can often require the work of a solicitor or barrister to argue for or against the individual clauses of a contract; contract wording requires interpretation and that can require some of the highest order thinking. It is therefore smart.

A contract on Ethereum, then, isn't smart. It is a dumb contract. It is dumb in the sense that it executes itself, whether it has been audited and validated or not. And for that reason, you get fraud, after hack, after loss, after gimmick, after scam and essentially fuck all in-between.

And for what reason would anybody need to run computer programs in a decentralised way? What the fuck is the point? I can understand a currency being decentralised; that is completely intuitive and innovative, but running programs is useless as it is so insanely inefficient. Anything you could run on Ethereum you can run on AWS and it will be cheaper, faster and more secure, therefore resolving the trilema and revealing Ethereum to be completely and I mean COMPLETELY redundant. Just because something can work doesn't mean it has value, much like a kettle connected to a dynamo on an exercise bike would work. Where is the value in ETH? It’s value is composed of people scamming one another on uniswap . The only reason it pumps is because high gas fees power this pyramid scheme. The whales win in the end. Look at the fucking /biz/ catalog. You tell me if you think ETH has a future with this nonsense RAMPANT low IQ shilling of erc-20 tokens that serve no purpose

Ethereum is a fucking joke.

>>26220408
Bearish

>>26220408
>old woman mad at bitcoin is unprecedented FUD
go back newfag

>>26220408
This time, it's unironically over. Biden will criminalize crypto with life prison sentences and 100% tax, BTC will go back to sub-$1k and ETH to zero. You thought you were going to get rich, but the reality is that there's too many people in on it now and it's way oversaturated. You're too late. Nothing personal, kid.

>>26220589
Its the us treasury you deillusional moron

>unprecedented FUD
this isn't even at tether fud levels and that is abysmal in itself.