/biz/ - Business & Finance

>>29513988
Biz is hating on ETH because it keeps going up FOREVER despite being an overvalued shitcoin with high fees. It's BTC's little retarded brother.

>>29513988
yeah i'm wondering this too, in a couple of weeks i gotta decide what percentages to put in ethereum and chainlink

>>29513988
people hate it because they want to become it. more than half the coins in the top 100 run on ETH, and almost everything interesting happening in crypto right now is happening on ETH. there are high fees because there is high usage which has caused frustration

>>29513988
Because the fees are embarrassing, causing people to run away, which affects the price

>>29514094
>>29514279
>>29514443
are the fees too high for someone wanting to put in like $100?

>>29513988
I just market buy them whole without checking the price and use them to move shitcoins around.

>>29513988
It's an amazing fucking project.

The only people who hate it are poorfags because they can't afford the fees. People who actually have skin in the game, and whose opinion actually matters, love Ethereum.

>>29513988
Because out of your 0.25 ETH. 0.15 is gonna go into paying fees.

It's completely obsolete, BNB killed it, it's just going through its death throes just now. The body will stop twitching shortly.

>>29514094
>ETH because it keeps going up FOREVER
>could barely crawl its way to 2k before having a stroke and dropping hard
eth is embarrassing, altcoins seem to be making much faster progress like ada and dot. Theyve been promising eth 2 for nearly 5 years but its still a long ways way, they just added staking for some vaporwave product that wont be ready by 2023 at the earliest

>>29514581
If you're just buying and holding ETH itself on an exchange, the fees to use the ETH network don't matter.

>>29514894
Publix makes these called chocolate croissants and i eat them every morning with apple sauce and a protein shake

>>29514990
Thats my plan, should I just hold it in my external wallet?

>>29514894
ETH has a ton of stuff based on it? Why exactly is that bad and why is BNB better?

Because just like Kleros everyone on biz is trying to accumulate it and we pretend that we hate ETH and say that its a shitcoin that will never scale but this is just to keep the new fags from buying in and taking our precious ETH from us. Its not just us thou, Bitmex, Bitfinex (Tether), Blockstream and even JP morgan are all short ETH suppressing the price, paper silver style, not because they think its going to fail but because they want to keep accumulating before ETH 2.0 which will cause the great flippening as BTC becomes nothing more then a shard on ETH and all ETH killers suddenly become obsolete and all get wrapped into tokens (without consent) there will be many seethings and ETH will reach $100,000 of today's purchasing power. But until that time comes we pretend to hate eth to keep newfags from buying in. we are all secretly massive eth holders....

Transaction fees are out of control. Can anyone do the math and figure what Binance chain transaction fees would be if it had the same market cap and trading volume?

>>29515217
>why is BNB better?
I can buy and sell coins without even thinking about gas fees.

the 2021 safe thing to do is to convert the majority of your eth into ADA and DOT (50/50 split)

thank me later.

>>29515796
average for me is .0015 - 0.004 BNB.
$250 BNB
>$250(0.002) = $0.50
$2000 BNB
>$2000(0.002) = $4
It cost me $125 to move 2 tokens on ethereum yesterday.

>>29515217
BNB is just a fork of ETH, but instead of being decentralized it's run on 21 nodes run by Binance.

>>29513988
Because almost every coin is connected to ETH and everyone here got burned on gas fees trying to swing trade food and Pokemon tokens.

>>29514894
Fuck off chink

>>29514581
at some point fees were $20 for me, take that for what you will

>>29515651
>ETH
>just like Kleros
Stay deluded pnkie

>>29515796
Binance owns 11/12 of the validators on the Binance smart chain (validators are another name for miners on Proof of Stake) so they can charge what ever price they like.

>>29516195
No?

>>29516516
Yes

>>29516226
Says the ETHkike

oof lots of ETH kikes here.

>>29514672
especially this cuck, not everyone is a cuckold like you and actually pays hundreds of dollars for one transaction.

>>29513988
You will probably need to pay more fee than what you are moving .
If you want to become eth cultist who just says it is future while getting pregnant by transaction fee well go for it. If they wont fix the gas issue soon this shit gonna die faster than baby born in mediavel age

>>29516516
>21 validator nodes selected by Binance
Straight from the whitepaper

>>29517675
high fees stops panic sellers no?
oh no I lost $400 better sell
>$100 fee
shit then I’ll lose $500! better hold till it drops lower I guess

>>29516181
That's a start, but how do you figure transaction volume as well? I don't know enough to do it myself. Is there a datasheet on these damn things anywhere?

>>29516459
There must be some rule governing things. Is it really just whatever they feel like at any given time, or is there something in the whitepaper that determines it?

>>29519322
>>29519472
just roll with it man