/biz/ - Business & Finance

>Eth can and will fail to more successful competitors

like what lmao

this is the token of the financially illiterate generation of zoomers and millennials. none of them truly understand the merge, they just see proof of stake is the future! and throw everything in, because its cool to have eth. this is a bubble in its most obvious form, and possibly the largest bubble the crypto industry has ever seen. this mentality from financially inept participants is what has always ruined and continues to ruin this industry and the reputation of crypto. if you truly understand smart contracts, and the direction this industry is headed, you will understand ETH offers no competitive or comparative advantage over other smart contract platforms. it is true delusion

>>50750230
i rest my case. ETH heads, this is who is keeping the price of your eth afloat. people who have no fucking clue what industry they are in

>>50750245
Answer

>>50750272
absolutely not. it is a trivial question. if you are invested in eth and cannot tell me any other solid, faster, cheaper smart contract competitor, you need to evacuate the space immediately and only reinvest after doing some research. you are truly in over your head

>>50750283
Name one!
>>50750283
>faster, cheaper
inb4 scamlana

Why has there been such an amount of fud lately? I'd say give it a rest but my God.

Maxis running scared the greater fools are going to abandon them for some other zero sum scam.

Just embrace the game, don't get so personally attached to a specific scam.

>>50750292
BNB Cardano Poldadot Avalanche Tron Chainlink Near Stellar Algorand VeChain ICP HBAR Tezos Elrond EOS Fantom Iota Zilliqa Waves Radix Holochain Oasis Kadena Neo Harmony Immutable X Icon Chia Waves Ontology Digibyte Coti Injective Cartesi Ronin Komodo Kardia Vite Parsiq

>>50750211
>reality transurfing

>>50750245
The industry of scamming greater fools to take your bags. Ethereum has great hype, it's what matters most.

>>50750323
your portfolio must be looking like shit right now

>>50750338
you have no idea what planet you're on let alone how to make investment decisions based on your own research. go back to sleep

>>50750334
this is it. ETH heads believe the greater fools theory applies to everything, including bitcoin, but somehow eth is separate. Hype will run a train for only so long, and like the dotcom bubble, the investors with no understanding of the industry they are investing into will be the ones holding the bags. these are the people who are unable to determine a ethereum competitor. these are the people buying ethereum every week and telling their friends how much ethereum they have. making tiktoks on ethereum. its all empty. the train comes to a stop soon, and none of these people will know when to jump ship: they've never invested before

>>50750323
>BNB
Got some but centralized
>Cardano
Nice meme
>Poldadot
Kek bagholder
>Avalanche
Hyperinflationary vc dump fest
>Tron
Ghostchain
>Chainlink
Got many but not a l1
>Near
Ghostchain
>Stellar
Kek
>Algorand
Not l1
>VeChain
Not l1
>ICP
HAHAHAHAHAHAHAHHAHAHAHAHA
>HBAR
2 more week
>>Tezos Elrond EOS Fantom Iota Zilliqa Waves Radix Holochain Oasis Kadena Neo Harmony Immutable X Icon Chia Waves Ontology Digibyte Coti Injective Cartesi Ronin Komodo Kardia Vite
Are Increasingly irrelevant bullshit

>Parsiq
>prq is an eth killer

>>50750211
A lot of words saying that you have no clue

Wait for the miners to start dumping and all staked 2.0 to get "hacked"

>>50750454
again, I rest my case. ETH holders take a look at who you're investing with. Does this look like winning money to you

>>50750211
cope poorfags!!!!!!!!!

>>50750773
Yeah.

Ethereum is the defacto smart contracts platform, everything else is literal vapourware. Have you tried developing on either of those?

Developing on Polka and Cardano is a literal hellscape, ethereum L1s and L2s are smooth as butter

>t. software eng

>>50750323
Immutable x is literally a layer 2 built on ethereum. You're peak midwit who has done the bare minimum amount of research and now thinks they know what they're talking about, but you really don't. Enjoy staying priced out and losing money on alternative layer 1s. If you knew anything you'd be aware that scaling through layer 2s is the only feasible way to scale enough to meet the increasing demand for blockspace while maintaining decentralization and security. Ethereum is looking to scale to meet future demand. Many of the centralized alternative layer 1s already struggle to scale enough to meet current demand let alone the demand when there is widespread crypto adoption. Layer 2s are unavoidable and ethereum made the right call by adopting a rollup based roadmap rather than focusing on scaling the base layer.

>>50750808
there is no programming changes required to move to EVM compatible chains
>>50750820
this is peak midwit parroting the words from vitaliks mouth. you are truly clueless to the direction this industry is heading. i dread to think how long you will hold on to your ethereum bags when the real flippening arrives. gods speed.

>>50750283
I just did around 10 ERC20 transactions today. They all finished in about 5 seconds each and cost me less than $1 in gas fees each.

>>50750884
there is no point to this comment and it's still the most intelligent thought to come from an Ethereum holder

>>50750454
kys pajeet you will never make it

>>50750859
You're so ashamed of your bags that you won't even say what you think the best alternative is and why you think that. You simply vomited a list of tickers into your previous post, some of which aren't even layer 1s, and you claim to know what you're talking about.

>>50750909
I copied the list word for word from the smart contracts category of coins because I have no patience for Ethereum zoomers. no, I will not give eth holders a free ride on the platform of the future. none of you deserve it. i was around during the eth ico, bought in at $40/eth and sold at 2.4k. my view on the firm has changed for the worse and I will not be buying in again. you will see more of us leave the network permanently while there is still exit liquidity around, especially more so during this merge joke

>>50750941
You're the one making a thread about Ethereum. Why make it if you do not want to discuss anything and have no time for "Ethereum zoomers". Seems counter productive.

>i was around during the eth ico, bought in at $40/eth and sold at 2.4k
Of course you were. Show your eth address. You won't because you're a clueless larper.

sometimes when i worry about my bags i hop on /biz/ and notice the best fud retards can come up with is 5-10 years behind in their understanding of ethereum or even blockchain technology in general
feels good to know we're guaranteed to make it

>>50750999
I have nothing to discuss. This is my opinion however it is also fact.
>>50751028
Another eth winner

>>50750454
Of course he owns link

14 tps and high gas fees isn’t the future even when you have cobbled together layer 2s just to make your blockchain usable.

There are projects that are already way more advanced and have many many more computer scientists building their protocols. One in particular I know for a fact will flip eth just by the fact that it is technically not even in the same league as eth. We are talking about a horse drawn carriage trying to compete with an airbus. I’m not going to even spoonfeed you guys but just look up who vitalik said was his best competitor and do your own technical analysis from there.

>>50750211
Same for BTC.
Oh yeah "rock solid" right ?
kek

>>50751396
BTC is not only rock solid, but technologically pure and a perfect fit for its purpose. ETH couldn't dream of being that fit for its purpose. no project could.

>>50751490
Nicely put

OK.
So what?

Everything outside of Bitcoin and Ethereum is even more overvalued,
because the true value of technology in this space is zero.

>>50750211
TLDR plus ur black

LMao ETH is incredibly under-valued and is for dirt cheap right now what the fuck are you talking about. ETH is going to #2 and MATIC is going to #3. These are straight fucking facts.

>>50750323
Half of those don't even have a single user after years. Tell me, what's your most used smart contract on stellar? What's your favorite dapp on digibyte? When was the last time you used Neo? Lmao you just namepuked a bunch of irrelevant trash from last cycle, your bags must be HEAVY

>>50752186
BTC is undervalued, ETH operates in a different industry. The industry used to be novel and groundbreaking, however currently a large capital shift is underway from the gen1 smart contract platforms to the next generation of fast moving and highly efficient competitors. There are many other projects offering novel and very impressive services other than btc and eth especially.
>>50752205
this is the type of thing id expect from someone with 3 months experience in crypto. average ethholder comment.
>>50752252
The users are stupid. like eth holders, they believe eth is a standard to be followed purely because it was the first invented. this is fundamentally false, however few investors and firms in the crypto industry dare to venture out from the popular standard as they dont really understand how it works, and dont want to take risks. stellar, neo, and digibyte operate faster and with more efficiency than eth, and these are just midtier competitors imo. you only use eth because you know no better, noone in your discussion group knows no better, and you are risk averse despite talking and believing you are taking on a lot of risk with eth. the flaw in your understanding is that yes, you are taking on a lot of risk with eth, however you are doing so with no hope of return. eth is return free risk at this stage in the market. every position i have purchased from back in the day is green, obviously. the assumption i must be seething over a big loss is the ethereum holder standard response with no merit.

if you know that ethereum's value is tied up in hype, and you know that the hype is only going to build until the merge, why would you be encouraging people to sell now rather than wait a month?

>>50752437
im not encouraging anyone to do anything. im not a financial advisor. this is my opinion. if you trade based off the opinions of an anonymous stranger on the internet then you probably hold a lot of eth

>>50752458
If you're not trying to influence anyone then why even post? You also ignored the question-if the hype is only going to build until September, why sell now?

>>50752494
because i can you stupid meth head, and because im right. you can do what you like with your vaporware gen1 smart contract coins, i couldnt care less. if you think its going to pump until september then hold it until then. i exited eth for good a long time ago.

>>50752419
Yes, Bitcoin is a market of one, every other cryptocurrency exists in a wholly separate market.
The problem for altcoins is technology is worthless, only real users carry value because they're the limited resource. So far we're seeing zero directional movement into any specific "next generation" altcoins. Instead we see a continual spreading out into short-term bull market bets, stretching the global userbase thinly across them, which results in a failure to translate those transient users into real value before a bear market renders them uninteresting and obsolete.

Trying to replace Ethereum is far easier than trying to replace Bitcoin, but you're vastly underestimating how hard that actually is, when the product just isn't there.

>>50752574
Idk man, I feel like if you were so secure in being right you wouldn't be getting mad at these pretty basic questions. You sound more like a salty miner than a smug e-billionaire right now. Have a good day though

>>50752588
the product IS there. the market is severely immature. this is the issue. there is so much noise in the market these days that projects which align with and are leaping towards the ideal implementation of DLT, tokenized assets and smart contracts in our society are drowned out completely. the space this bull cycle has been vaporware swing trading, which is fine, but not sustainable. the movement will not arrive until 2025 or later. im praying the market matures by the next halving but im seriously doubtful gauging these responses. this will require the truly intelligent and powerful firms to carefully select their winners, the services they will require for the 4th industrial revolution, and their implementation strategy. only then will the fucking stupid money follow. this market truly is brainless sheep, and markets like this end in a disgusting shitheap with thousands hurting and blame being spilt all over the place. truly though, each individual is the only one to blame. no due diligence as far as the eye can see.

>>50752688
>the product IS there
>the market is severely immature
Pick one.

If the product is there, then the market should see it.
If the market isn't seeing it, then by the time it does the current product is obsolete, or grandfathered in.

>>50752574
I think I’m the o Lu one that agrees with you. ETH = AOL/Yahoo. Give it time and it will be another website that once should have “ruled them all”.

>>50752853
I doubt it takes so long that the current alternatives become obsolete. The obsolete product is Ethereum with an overhyped merge to bring it close to, but still behind, competitors.

>>50753093
Now you've caught yourself in a contradiction. Ethereum is only ~5 years old from real day to day usage. The next bull market will be concluding itself in 4 years. So if Ethereum sees obsolescence in 5, it's all but certain everything that exists today is obsolete by then.

>>50750773
Not gonna lie but I'm with >>50750454
At least he can explain himself

>>50750211
Are you okay anon? You seem angry that people are doing other things than you.

I sincerely think you may be autistic. Like really.

>>50750211
>This cycle begins the inverse flippening, where ETH is flipped by another smart contract system entirely.
laser eyes are in full desperation

>>50750323
>parsiq
what the fuck are you smoking

>>50750323
topkek this is bait

>>50750211
Probably a buy the rumor sell the news on ETH's "The Merge", followed by shitty economic data in September (the US has yet to admit it's in recession), and Mt. Gox.

>>50752437
The selloff will not take long as the triple halvening will act as a cushion

>>50750323

EOS? really?

>>50750211
I don't agree with your OP.
I just wanted to add someone posted about an "attack"/manipulation in ETH online.
https://twitter.com/notgrubles/status/1555542356421648386
>first case of a confirmed consensus-level manipulation

btw ETH hodler.

>>50750211
posts like this seem quite bullish for ETH, less so for BTC

imagine betting on ANY individual chain when link exists kek

>>50750211
Cope and seethe

>>50750211
Crypto is dead. Sage.

>>50755164
Geez this sentence never gets old

>>50752688
You understand better than most /biz/ posters what’s going on. You cannot lead them to water though and you cannot make them drink. As a reminder how many people believed Do Kwons nonsense this last cycle and shilled it here?

>>50750523
Don't worry, the three people who control the majority of the stake will just decide to roll back the chain if it benefits them.

>>50750454
If there was to be an ETH killer then it will be EGLD stop being a fag

>>50755239
the responses in this thread are the tip of the iceberg. expect the noise to get worse. best of luck to you

eth is a scam, because if it was a legit chain why the fuck would the founder need to push an update so hard in order to make it deflationary. Makes no sense. He just wants to pump his bags

we know whats going to happen already:
>le merge delayed again (for like the 50th time since 2018)
>eth foundation dumps their bags at the top of this relief rally
>zoomers cry

>>50750211

>>50750211
/thread

>>50755807
EGLD is a promising blockchain. I am DCAing RIDE which is deployed on the network.

>>50750385
It's called ether not ethereum you brainlet

>>50755239
Nobody on biz shilled Luna until after the crash
2021 biz was all about dog shitcoins, link marines roping at their underperformance and avax/kadena. Most bizraelis recognised luna and solana to be massive scams

>>50750211
> btc is truly irreplaceable
How so?
2% of BTC users hold 71,5% of the circulating supply

>>50750211
Price wise, ETH is the next BTC, so duh, invest! Technology wise? Well, they’re not even close. It’ll take a few more years.

But I do see them being one of the main competitors putting up a challenge. It’s too early to say who will be left to reap the rewards, but surely, ETH will be one of them.

Does it follow the Satoshi
Idealism? Not entirely, but it sure is couchsuring the concept, yet, a half baked version of it is delivered. And people like it!

Do I support it? Blockchain yes, the agenda no. But let’s not act like we’re any better than a common pajeet. We love money and plenty of it.

>>50750211
NGMI

>>50752205
Polygon is definitely undervalued and has what it takes to get to #3. I'm also more comfortable using the blockchain now that Railgun is live on it for privacy on assets and transactions.

>>50750211
it's literally the future of banking, retard and nothing will kill ETH. deal with it. big banks right now are probably secretly trying to stake huge amounts of BTC and ETH. best way to tell is how they're competing with higher and higher APYs for both checking and savings accounts. it's not hype. it's making everybody money unlike anything we've ever seen prior

>>50750211
I'm actually gonna short ETH prior to the merge. I believe it'll go to absolute shit. Because the only thing that has driven ETH is hype and miners profiteering from transactions.

It was always a ponzi. It's garbage and doesn't deserve to exist at 250bn marketcap...

Ngl I made more money this month buying eth than I will do at my job and I'm trying very hard to not let the 20k eth crowd make me too optimistic and greedy. I'm kind of freaking out bros, does this feeling go away with more time in the market or am I a gambling addict now?

>>50762145
20k is fud it's going to 180k according to investing expert Catherine Wood

>>50762377
bro pls I'm already freaking out over a 20x return I don't think I could handle 180x

i'm getting heart palpitations, if you're making fun because I'm new that's not fair bro

>>50750211


OP you are a typical midwit retard.

Eth is the second biggest crypto right now and when the merge does happen whales will use it as a huge hype event.

Guys... crypto is not that complicated. Midwits like OP ten to over analyze and over think everything.

If you don't think they won't use the long awaited eth merge as a bitcoin halvening level hype event then you need to just get out of crypto because you are obviously clueless about how this space operates.

This midwit mindset is also why all of you retards missed out on meme season. Easiest money ever.

No one actually cares about your shitty tech and utillity tokens.

All people care about is HYPE events and FOMO It's literally as simple as that you autistic morons.

Yes.
Sol is not, though.
Buy champ :^)

>>50762486
>OP you are a typical midwit retard.
/thread
shouldn't have added anything else

>>50750331

>>50763023
Well, I guess users are yet to recover from the Sol wallet hack. One of the reasons why I've always used cold wallets and DEXs. I recently came across the Railway DEX which enables private swaps and trades turning the security level higher for users.

>>50750211
time to lay off the adderall,

>>50750211
I need someone to explain the "merge" aka 2.0 to me. Isn't it going to make ETH mining completely unprofitable?

>>50763310
from what I can gather, mining yes, ETH no. I'm not an expert though

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.

>>50763484
kek stale pasta anon

>ITT: Anons who don't actually use blockchain technology.
Regulation can not wipe you all out soon enough.

>>50763484
>For ETH to work to the level needed, the amount of ETH in ever single wallet needs to be known after each transaction.
no it doesnt lamo what are you talking about?

>>50750211
>Run on hype
Wrong. It's slow, boring, expensive and can't support modern use cases but it does exactly what it says on the tin.
>Investors of low intelligence
Yes, ETH Maxis are the worst people in this space. Orders of magnitude more retarded than BTC maxis.
>ETH is unstoppable
Just maxi talk. Look at how threatened they feel by competitors like AVAX and SOL; both of which they expected to disappear n a down turn. Neither have and instead they both got a massive influx of outside funding. They run co-ordinated FUD campaigns of other chains every time there is a massive ETH problem (like the 190 million hack this week).
>ETH isn't replaceable
ETH is at least trying to keep up with the pace of the market. It's not doing a very good job but if the 2 more weeks until the merge comes through this time and there isn't another 2 more weeks for the next 5 years before a scaling solution it will give it some legs for a few years at least. BTC runs the risk of going the way of netscape due to the politics and redtape surrounding any attempts to meaningfully improve it. 7tps cannot service anything and LN is close to being a failed project.
>Flippenings
Lets see one happen first before making assumptions about the impact. Didn't work out so well for XRP when it flipped BTC for a bit but something like ETH, that has billions of TVL and a massive dev pool, I can't see it really affecting it too badly.
>ETH maxi cope
Yeah it's some of the best shit you'll see. Just sit back and enjoy,
>Merge mooning price
The best comparison we have is ADA and what their upgrades do to the prices. There is normally a massive run up in the month or so before and a huge dump on the day.

>>50750454
NEAR and SOL are by far the 2 largest threats to ETH. Unlike 99% of ETH competitors they are doing 2 things no other ETH killers have managed to do outside of bullruns;
>Continue increasing the rate they onboard developers and the apps being built on the protocol over time
>Continue to attract VC investment in projects that are separate from the protocol.
SOL is probably the largest threat out of the 2 to ETH as they are constantly innovating and they are doing something quite special with the dev community they are building. Their meetups are massive events attracting thousands of devs where ever they run and even outside of the US they are doing a great job of onboarding devs. If they can sort the network outages out, which mainly stems from the dev team using mainnet as a fucking testbed, ETH will see a large, sustained challenge to its' dominance from SOL next bullrun, we could easily see SOL with 2-3x ETH's current MCAP next run.

>>50750211
And CHAMP is overpriced , it didn't even launch yet and it's one of the most expected pumps of the quarter

Tokenless smart contacts that used lightning and Bitcoin smart contacts will make all these centralized L1's obsolete

>>50750211
Premined, turbo-autist-led, overpriced shitcoin
The sooner you realize this the sooner you can cut your losses.

The more people use Ethereum, the more expensive it gets

>>50750211
cry harder

>>50750211
stay poor

>>50764048
>SOL is probably the largest threat
topkek, this is why eth will always be #1

>>50764845
And when you are on the receiving end of those fees you will never vote for them to go away. Maybe reduce them but you dont want that either.

This is how Proof of State works. The stake holders get paid all the fees and have all the voting power. They drain fees from the uses of the network to get even richer.

Eth is due for a pullback. Probably breaks 2k then rugs to $1200.

If the responses in this thread don't prove my point then you must be holding so much eth from 4200 you can't remember your own name. Well done telling your loved ones and close friends to go all in on eth. How embarrassing. Think of me when you finally cut your losses eth heads.

>>50750211
>muH efferium REEEEEEEEE
*autistic screeching

ETH is a fuckin scam regardless of price.

>>50750283
Sacrificing decentralization and security for speed isn't very impressive anon. No ody is building on (your) chain and you're delusional of you're using the napkin math of hypothetical tps to evaluate how good a chain is. Fact of the matter is nobody uses those chains, nobody builds on them, and if they got even a fraction of the daily transactions ETH does they'd shit the bed hard and have to sacrifice some of the stuff you love so much about it. Same shit happened to Binance Smart Chain when everyone sucked CZ's dick after they were too poor to do $5 transactions on ETH. Then BSC nodes fucked hard and they needed to raise fees to accommodate. BSC now runs as slow as ETH does.

>>50766597
dont lecture me on decentralization. eth is about to become proof of stake. you have no idea what youre talking about

>>50763310
Mining will cease to be a thing anymore. It moves to proof of stake, you need 32eth to run a node (rewards are the same percentage regardless of how much eth you are supplying). Staked eth has a lockup period and the amount of eth issued will be dramatically decreased so more ETH will be burned than created (to a certain point it dynamically rebalances if the burn is too much and it deflates too hard).

>>50766611
Proof of stake is more decentralized than proof of work. You don't need 32ETH to help run a nose if you are delegating instead, and the rewards are issued at the same rate regardless of your allocation. Compared to proof of work where the most expensive farming rigs will yield the most rewards, consolidating the power to the wealthiest. That said, proof of work is still good for decentealization just there's this odd narrative coming about from people like you who are genuinely scared of what's to come.

>>50762486
this

if you haven't realized that crypto is just a giant casino and your role is simply to find the table with the highest chance to win for a brief moment in time, then you're beyond hope

eth will flip bitcoin because the eth casino is way more fun than the bitcoin casino

eth will stay king for a long time because of the wide variety of casino games available, and due to having the most casino visitors with the deepest pockets

>>50767451
this is the typical brainlet who thinks he sees the crypto space for what it truly is: a casino. you're so clever arent you little guy? you see through the tricks. absolute retard

>>50767422
Proof of work is far more decentralised than proof of stake. Alienating participants who wish to participate by imposing a 32 ETH requirement means that effectively only the upper class can validate transactions on the blockchain. In other words, ETH stakers form an oligopoly. The asymmetry of capital accumulation that whales tend to have (aka ETH stakers) in comparison to the rest of the other retail participants means they will be accruing ETH at a disproportionate rate -- exacerbating this centralisation. Therefore, if these group of malicious actors decide to attack the network, no one would be able to compete against them. All they need to do is refuse to sell their tokens and the oligopoly can collectively control the Ethereum network. However, in Bitcoin's monetary policy, anyone, anywhere, anytime can compete with malicious actors attempting to seize control of the network and launch a 51% attack. Ethereum's design is philosophically bankrupt and this idea of creating a monetary standard based on the rich getting richer and the poor getting poorer is no different than the conventional centralised systems we have today. Despite these concerns I have - as OP has stated - there's many other fit-for-purpose blockchains that currently exist on the market like Avalanche. Ethereum is to Myspace as Avalanche / some other smart contract platform is to Facebook.

>>50767785
What is Lido? What is Rocketpool?

Let me ask you ETH maxis this:

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. Ethereum is a fucking joke.

>>50767796
What is Celsius? What is Anchor?

>>50750283
You need to die. Preferably sooner, rather than later.

>>50750211
Why I am so bullish on Ethereum - every single reason!
https://twitter.com/cryptonator1337/status/1290338760044032002

>>50750211
>ETH is overpriced
People said that about #Bitcoin at $1

Stay poor

You will end up on one of these Twitter posts that go like "He thought ETH was overpriced at xyz when it is 23,551% higher today" kek

>>50768146
again, the eth head compares eth to btc, because all cryptocurrency is the same. Eth heads, this is who keeps your price afloat.

>>50768183
>23 posts by this ID
Lmao
cope harder xD

You are OBSESSED!

>>50750211
>Eth can and will fail to more successful competitors. you saw this within the last year
Ftsfy, eth has no future

>>50767785
Pow discriminates based on energy pricing and mining equipment pricing. For pos, you just need eth, fairest system for all across the globe

>>50768351
for pos you just need to emit t-bonds to take over the network
lol, gtfo here and back to plebbit

>>50768351
another eth genius holding the price up right here folks. Eth heads are you afraid yet?

not a single doge shill after having seen it 200x last cycle
at least respect the spirit of crypto smelly jeetards

who will kill eth? solana? hahah idiot¡ eth is the future...

>>50769450
Fantom.

+113% last 3 months

>>50768351
Yeah ok dude, I'm just gonna buy $54976 worth of Ethereum (32 ETH) and stake. You really think the average mining rig for BTC is half of six figures? Nigga I can literally mine BTC on my 10 year old computer and still make $2 profit every month accounting for energy costs.

>>50769504
Are you mining that by yourself or as part of a pool? Retard. You'll do the same thing with staking: join a pool. Both systems are exactly as decentralised. The only difference is that PoS requires no hardware or (excess) energy consumption, and the implications thereof (no PoW-driven tech innovation).

>>50769583
wow. another eth genius with no clue what hes talking about. how much eth are you holding eth head

>>50750211
I dumped all my Bitcoin and bought ETH when I learned ETHPOW is about to happen

>>50767827
this post is being ignored
is biz just 100% bots? am i the only one here?

>>50769659
I am the only non bot and I'm here to say ETH is a scam.

>>50750454
>>Algorand
>Not l1

Wut?

>>50769625
Imagine being so bad at FUDing that you don't have a prepared response that isn't just "u dumb haha" for literally the most obvious rebuttals.

>>50769945
arguing ETH PoS is as decentralized as BTC PoW is not a rebuttal, it is fundamentally wrong and reflects the smallest actual knowledge of both systems. He is not only dumb, but likely retarded.

>>50755807
>>50758788
Possible

>>50769827
Yes im wrong here

>>50770128
you are trying waaaaay too hard to convince anyone. why do you even care? It does something that nothing else does or can do right now - the fact that most every coin out there is based on this network is all anyone needs to know that there is value here. most developers, etc. lol stay mad