Sorry anons I got stoned and forgot to reply to the people in the last thread, so I’ll make another here. I know pretty much everything about Ethereum. Ask me anything, no matter how dumb the question may seem.

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Anonymous Fri Jan 8 22:11:11 2021 No.25722432 [Reply] [Original]

Sorry anons I got stoned and forgot to reply to the people in the last thread, so I’ll make another here.

I know pretty much everything about Ethereum. Ask me anything, no matter how dumb the question may seem.

>>	Anonymous Fri Jan 8 22:12:03 2021 No.25722451 >>25722432 What question are you hoping we'd ask?

>>	Anonymous Fri Jan 8 22:13:47 2021 No.25722497 Link to the last thread and answer all of the questions, or else your mother will die in her sleep tonight

>>	Anonymous Fri Jan 8 22:15:37 2021 No.25722545 >>25722451 None in particular. I’ve just seen a lot of newfags around here and I remember how hard it was to get into crypto and would’ve loved for someone to answer my questions

>>	Anonymous Fri Jan 8 22:20:08 2021 No.25722674 >>25722432 can eth hit above 2k with how expensive gas fees will be

Anonymous Fri Jan 8 22:21:53 2021 No.25722719

>>25722497
>>25719037

>When top?
Probably around 2-2.5k this run and then we’ll see quite a retrace.

>Where did the name Ethereum come form
Ether: the rarefied element formerly believed to fill the upper regions of space

>what is the total supply?
There is no maximum supply. The idea is that eth’s inflation will gravitate towards 0 over time, while also being somewhat deflationary in terms of gas fees

These are the relevant questions from last thread. Feel free to ask more

>>	Anonymous Fri Jan 8 22:22:25 2021 No.25722736 Tell me about etherscan. Who runs it and is it directly correlated with ethereum in that nothing else like it exists or ever will, or can you make similar sites with all that txn info?

>>	Anonymous Fri Jan 8 22:24:48 2021 No.25722816 >>25722432 are vitalik?

>>	Anonymous Fri Jan 8 22:25:53 2021 No.25722852 >>25722719 How much of a threat is cardano? Realistically what specific technology involved in eth 2.0 will put rival speculations to rest?

>>	Anonymous Fri Jan 8 22:25:55 2021 No.25722853 >>25722674 Yes. Although it may be a while before zk -roll ups are implemented, it still has sustainable fees the majority of the time that only spike in times of massive congestion. Uniswap is mostly to blame for the ever increasing gas fees

>>	Anonymous Fri Jan 8 22:26:45 2021 No.25722872 File: 8 KB, 234x250, yctxezwayrsetudy.jpg [View same] [iqdb] [saucenao] [google] thoughts on cardano, polkadot and avalanche?

>>	Anonymous Fri Jan 8 22:27:23 2021 No.25722893 >>25722432 Hi anon . Let’s see how real you are. Let’s start with Price eoy, end of 2022 When and if will they implement eip1559 or is it a meme? what effect will it have on price Can eth ever scale to become The worlds supercomputer ?

Anonymous Fri Jan 8 22:29:11 2021 No.25722946

>>25722736
You can find others like it, they’re known as block explorers. And to my knowledge etherscan just exists as its own independent entity. It’s not directly connected with the Ethereum foundation, it just indexes data from Ethereum public ledger and displays that information in real time. Etherscan is just the most popular block explorer

>>	Anonymous Fri Jan 8 22:36:08 2021 No.25723157 >>25722893 Price 2022: $5-8k EIP 1559 affect on price: EIP1559 will increase the scarcity of ETH, as the base fees are automatically burned. >can ETH ever scale to become the worlds super computer? Yes.

>>	Anonymous Fri Jan 8 22:38:01 2021 No.25723199 Who has better tech: Algorand, Cardano, Polkadot, or Ethereum?

>>	Anonymous Fri Jan 8 22:39:21 2021 No.25723233 What about ethereum classic? It could be good bet if we assume that eth miners jump to etc after PoS?

Anonymous Fri Jan 8 22:41:27 2021 No.25723289

>>25722872
Cardano ~ Meh
Polkadot ~ Somewhat intimidating, but still not as far along as Ethereum with development.
Avax ~ Better than cardano, but still doesn’t have what it takes to take over Ethereum.

No matter how many “ETH killers” pop up, Ethereum will always have the first mover advantage, AND is backed by the institutions that will not let it fail.

Ethereum will always be Ethereum, and it’s competitors are akin to how lite coin is bitcoin.

>>	Anonymous Fri Jan 8 22:42:29 2021 No.25723316 >>25722852 >>25722432 This. Is cardano better? Even if it is better, is that enough to eat into eth market share?

>>	Anonymous Fri Jan 8 22:42:54 2021 No.25723322 >>25723199 At the moment, polkadot or algorand. However, In terms of plans and what’s being built in the future, I’ll go with ETH.

>>	Anonymous Fri Jan 8 22:44:11 2021 No.25723363 File: 23 KB, 400x400, mstom_400x400.jpg [View same] [iqdb] [saucenao] [google] >>25722432 reminder.

>>	Anonymous Fri Jan 8 22:45:58 2021 No.25723408 when is eth 2.0 coming?

>>	Anonymous Fri Jan 8 22:47:34 2021 No.25723459 >>25722432 >I know pretty much everything about Ethereum Right, lol. Tell me about ETH 2.0. What's your take on the staked money being impossible to withdraw.

>>	Anonymous Fri Jan 8 22:49:39 2021 No.25723510 >>25723408 Technically, it’s already here. It’s rolling out in phases over the course of the next few years

>>	Anonymous Fri Jan 8 22:50:01 2021 No.25723527 How does the price of ETH effect the price of ETH-20 coins, directly and indirectly?

>>	Anonymous Fri Jan 8 22:50:17 2021 No.25723535 Where do you eventually see the BTC/ETH ratio settling at?

>>	Anonymous Fri Jan 8 22:51:48 2021 No.25723584 What do you think the ETH/BTC ratio will be at in 2022+

Anonymous Fri Jan 8 22:56:46 2021 No.25723724

>>25723527
Erc20 tokens (in general) are a representation of how much value there is in Ethereum. As the price of Ethereum goes up, the money will almost always find end up in the hands of alts. The price of Ethereum is also reflected by its adoption. As the field of decentralized finance grows, so will the price of Ethereum.

>>	Anonymous Fri Jan 8 22:57:29 2021 No.25723746 why does it have value?

>>	Anonymous Fri Jan 8 22:57:54 2021 No.25723756 >>25723584 .05-.10 with btc at $100k+

>>	Anonymous Fri Jan 8 22:58:55 2021 No.25723787 >>25722432 why does it have value?

>>	Anonymous Fri Jan 8 23:00:09 2021 No.25723819 >>25723787 Ever traded an alt coin in your miserable fucking life you faggot

>>	Anonymous Fri Jan 8 23:00:46 2021 No.25723838 >>25723787 oh soz. double post

Anonymous Fri Jan 8 23:00:56 2021 No.25723843
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>>25722432
After this bullrun what do you think the price will average back down to? I am more concerned about accumulating as much Eth as possible after the bull drop for the future.

Anonymous Fri Jan 8 23:01:49 2021 No.25723873

>>25723746
Simple answer: People give it value

Better answer: ETH is the native token of what could be the global supercomputer for the decentralized future. ETH has value because every transaction on the network requires a fee of ETH, which represents tokenized computational work on the EVM.

>>	Anonymous Fri Jan 8 23:02:20 2021 No.25723884 Why do I keep hearing Ethereum has scalability problems?

>>	CHRONOS Fri Jan 8 23:03:12 2021 No.25723905 File: 132 KB, 1080x1502, Screenshot_20210109-035347.jpg [View same] [iqdb] [saucenao] [google] >>25722432 Plz rate my port anon

Anonymous Fri Jan 8 23:04:19 2021 No.25723940

>>25723843
I’m not gonna pretend like I know exactly was the price will be, but it is largely dependent on the price of btc. In my opinion, these short term price movements wont matter a bit when ETH is $5k+ within the next few years. My suggestion is to slowly DCA your way in at as low of a price as you can.

Anonymous Fri Jan 8 23:07:52 2021 No.25724033

>>25723884
Basically, ethereums current technology is limited. In times of intense network congestion, gas fees will increase to levels where its not even worth it to exchange the asset. In order to become the worlds decentralized supercomputer, it has to be able to handle the workloads put on it from the market.

>>	Anonymous Fri Jan 8 23:08:31 2021 No.25724051 What are the recommended system requirements for staking + running eth1 full node? What about ul/dl traffic? Can't find the info anywhere.

>>	Anonymous Fri Jan 8 23:10:54 2021 No.25724102 >>25723724 Can you provide me resources to read and/or a more detailed explanation? The main thing I understand is that ETH-20 coins run on ETH and that anyone with the how tos can make one.

>>	Anonymous Fri Jan 8 23:11:30 2021 No.25724117 >>25723873 >could be the internet already exists and its native token is bitcoin

>>	Anonymous Fri Jan 8 23:11:49 2021 No.25724125 File: 132 KB, 1000x1000, hex.jpg [View same] [iqdb] [saucenao] [google] >>25723940 You don't think it's going to retrace back below 1,200 after the run? Luckily I bought in at 600 but I still want to accumulate for the future.

Anonymous Fri Jan 8 23:12:23 2021 No.25724136

Ethereum is supposed to enable trustless decentralized computation.
I'm looking for an application that can:
1. generate a smart contract with the purpose of converting X ETH to Y BTC
2. the contract have 1 ETH input address, 1 BTC input address, 1 ETH output address, and 1 BTC output address
3. I put in my X ETH into the ETH output address
4. some stranger finds this contract, and finds the exchange rate agreeable, and puts Y BTC into the BTC input address
5. we each get what we want, without any KYC or third-party intermediaries

Is this possible today with Ethereum?
If not, what's currently missing from the Ethereum eco-system? Which step of the 5 is not currently possible?

>>	Anonymous Fri Jan 8 23:14:28 2021 No.25724190 >>25724117 i take my maxi talk back. i am interested in some of the projects on the ethereum network. so yeah

>>	Anonymous Fri Jan 8 23:14:44 2021 No.25724198 >>25724136 I wanna know the answer to this as well

>>	Anonymous Fri Jan 8 23:16:32 2021 No.25724260 >>25724136 Of course you can't deposit btc to an ethereum smart contract, but there must still be a way of doing this with limited bitcoin opcodes

Anonymous Fri Jan 8 23:17:06 2021 No.25724276

>>25724136
In a way, yes this is possible. Although Ethereum doesn’t support cross chain communication (ie between btc and ETH), you are still able to buy or sell synthetic tokens that give you price exposure to a particular asset. For example, on Ethereum, you can trade ETH for wbtc, which is a synthetic erc20 tokens that is pegged 1:1 with btc. While you aren’t technically buying actual btc, you are buying an erc20 token that mimics the price of it.

>>	Anonymous Fri Jan 8 23:18:18 2021 No.25724301 >>25724033 So why wouldn't Arbitrum replace it? Because ETH already has the network effect?

>>	Anonymous Fri Jan 8 23:20:53 2021 No.25724360 >>25722432 Brainlet here. What are gas fees? Do I get charged gas fees for buying on Coinbase?

>>	Anonymous Fri Jan 8 23:21:00 2021 No.25724368 >>25724276 >synthetic tokens like buying paper gold?

>>	Anonymous Fri Jan 8 23:21:42 2021 No.25724386 >>25724276 It must be doable with native btc too, just no one has figured out how to do it yet.

Anonymous Fri Jan 8 23:21:49 2021 No.25724390

>>25724102
Yes, erc20 tokens are simply just smart contracts that executable bits of code that run on the Ethereum virtual machine. The reason alts grow with the value of ETH is being Ethereum is required to buy the assets. It’s the medium of exchange for all altcoins and the defi ecosystem. If you wanna read more up on it, I suggest just going to Ethereum.org and reading their smart contract section

>>	Anonymous Fri Jan 8 23:23:20 2021 No.25724424 >>25722432 Newfag here: What makes differentiates Ethereum from Bitcoin? Also, why does Ethereum have so many tokens?

Anonymous Fri Jan 8 23:25:42 2021 No.25724489

>>25724360
Gas fees are tokenized representations of computational work. Whenever a transaction is made, every node in the network is required to verify the transaction and come to a consensus on its new state. the Ethereum virtual machine is state based, so every time a transaction (something that changes its state) goes through, a gas fee is required.

>>	Anonymous Fri Jan 8 23:27:02 2021 No.25724516 >>25724390 Thanks for helping a newfag understand the ecosystem

>>	Anonymous Fri Jan 8 23:28:35 2021 No.25724555 >>25724390 As an add on- do the ETH-20 contracts not clog up the machine? Or do they run on different systems?

>>	Anonymous Fri Jan 8 23:29:26 2021 No.25724580 Should I buy 1 ETH right now?

>>	Anonymous Fri Jan 8 23:30:40 2021 No.25724618 >>25722432 first time caller long time channer Hi yeah I was just wondering why something like safex would need to move onto its own mainnet if Ethereum is so good? thanks

Anonymous Fri Jan 8 23:34:18 2021 No.25724722

>>25724424
Bitcoin is the first iteration digital currency to solve the double spending problem. It acts as a good decentralized store of value; hedge from inflation, etc, but it is limited to the code it consists of.

The idea of Ethereum was founded with the argument that bitcoin needed scriptability. So, Ethereum is essentially bitcoin with the addition of smart contracts. Smart contracts are innovative ways for two parties to agree on information, without the need of a central authority. Essentially, smart contracts on Ethereum allow us to apply a lot more use cases (financial contracts, loans, governance, etc) to the currency

>>	Anonymous Fri Jan 8 23:35:13 2021 No.25724748 File: 27 KB, 591x384, vance l2 eth.png [View same] [iqdb] [saucenao] [google] >>25722432 what do you think dude in pic related means?

>>	Anonymous Fri Jan 8 23:37:31 2021 No.25724822 >>25724555 All erc20 exist on the EVM, so in times of high congestion, they most certainly clog up the network. This is the reason you may hear a lot of anons say that Ethereum has scalability issues

Anonymous Fri Jan 8 23:37:45 2021 No.25724829

If BTC goes to 100k, which it will, ETH needs to be 3.5k just to maintain ethbtc at 0.03. To get back to 0.1 eth would need to be ~10k, and that's not even breaking the ethbtc ath. That seems high to me for an infinitely printed coin. How high can eth go this cycle?

>>	Anonymous Fri Jan 8 23:39:44 2021 No.25724889 >>25722432 True or false that Ethereum is not very decentralized and is much more centralized than people think it is?

>>	Anonymous Fri Jan 8 23:41:23 2021 No.25724938 Are you aware that PoS will never arrive?

butters Fri Jan 8 23:43:04 2021 No.25724981

>>25724390

have you read about the ITEM standard? it synthesizes erc20s, 721s and 1155s in a single object. you can create native ones or wrap preexisting tokens as ITEMs... means you can batch swap / transfer 20s as 1155s, for example, or trade 721s fractionally on dexes

>>	Anonymous Fri Jan 8 23:43:45 2021 No.25725003 File: 748 KB, 750x563, 1608359730565.png [View same] [iqdb] [saucenao] [google] What do you think of her?

Anonymous Fri Jan 8 23:44:29 2021 No.25725016

>>25724829
It’s really not “infinitely printed”. The concept was drafted with the idea that the inflation will eventually go to 0. This is because their is a fixed rate of 18,000,000 ETH distributed every year. As the supply increases, the new amount being added to the supply will decrease in percentage to its overall supply, eventually reaching an arbitrary that is ultimately 0%. At this point, ETH is deflationary because of gas fees.

>>	Anonymous Fri Jan 8 23:46:18 2021 No.25725056 >>25722432 Which protocols for synthetic assets do you think will succeed?

>>	Anonymous Fri Jan 8 23:46:35 2021 No.25725064 >>25724889 Somewhat true, in the case that an ideal crypto currency will not have a face behind it. But I’d also argue that btc is not as decentralized as it seems, as 90% of mining pools are concentrated in China.

>>	Anonymous Fri Jan 8 23:47:45 2021 No.25725091 >>25725056 I think snx has a ways to go, along with UMA and possibly Jrt.

>>	Anonymous Fri Jan 8 23:48:48 2021 No.25725120 >>25724981 Link me anon

>>	butters Fri Jan 8 23:49:39 2021 No.25725135 >>25725120 here's the documentation. https://ethitem.com/doc.html

Anonymous Fri Jan 8 23:49:44 2021 No.25725137

>>25725064
But mining pools do not dictate the centralization, the mining pools are made up of individuals who can hop pools or even choose to mine BTC solo themself. Just because you join a mining pool does not give the pool "power" or "authority" over block proposals or whatever?

>>	Anonymous Fri Jan 8 23:49:49 2021 No.25725139 >>25725016 Thanks

>>	Anonymous Fri Jan 8 23:51:25 2021 No.25725173 When should I buy ETH and what kind of profit rate can I look forward to?

>>	Anonymous Fri Jan 8 23:51:50 2021 No.25725188 midwit answers, the kind of shit I would expect from reddit

>>	Anonymous Fri Jan 8 23:52:18 2021 No.25725198 Will there be an alt bullrun? Will ETH hit 2k before a big crash?

>>	Anonymous Fri Jan 8 23:56:16 2021 No.25725295 >>25725188 Feel free to correct me wherever I’m wrong

>>	Anonymous Fri Jan 8 23:57:21 2021 No.25725318 2.5k highest this run? Like....this entire bullrun?

>>	Anonymous Fri Jan 8 23:57:50 2021 No.25725329 >>25725198 >will there be an alt bull run? Yes. >will ETH hit 2k before a big crash? Probably

>>	Anonymous Fri Jan 8 23:59:02 2021 No.25725354 >>25725318 It rlly depends on btc. In my opinion, I don’t think ETH will really have its run until people better understand the technology behind it, which is likely not until the next run

>>	Anonymous Fri Jan 8 23:59:59 2021 No.25725370 >>25725329 When do you think the alt bullrun will start? What so you think about the tether stuff? Will you pull money out before Jan. 15th?

>>	Anonymous Sat Jan 9 00:02:54 2021 No.25725439 Thoughts on Hathor?

>>	Anonymous Sat Jan 9 00:03:23 2021 No.25725452 how do i make a dapp that is free for users to use and if they want certain futures of the dapp then they pay

>>	Anonymous Sat Jan 9 00:03:28 2021 No.25725454 >>25725370 Historically, January and feb have been good months for ETH and alts. I’ll have to see how btc dominance stays up though to make any concrete answers on it. The tether stuff can be a very serious problem, but is most likely a nothingburger.

>>	Anonymous Sat Jan 9 00:03:58 2021 No.25725464 Will there be another "crash" Many people speculate that BTC and ETH will just skyrocket upwards continuously over the years, and the only thing that'll stop it are a few "corrections". EOY price for ETH? And just your lucky guess on EOY price for BTC?

>>	Anonymous Sat Jan 9 00:04:25 2021 No.25725478 >>25725452 *features (not futures)

>>	Anonymous Sat Jan 9 00:05:00 2021 No.25725493 >>25725452 Make a utility token for the protocol and require users to hold a minimum amount of the tokens in order to have access to specific features on the application

>>	Anonymous Sat Jan 9 00:05:27 2021 No.25725503 also what do u think about rlc, seems like a great solution to offshore complex computation

>>	Anonymous Sat Jan 9 00:06:18 2021 No.25725526 I've been lurking here for the past 6 months just a poltard and I got interested in crypto and I don't know shit about it and information about cryptos are really convoluted and I'm getting lost fren please help me with the bulk

Anonymous Sat Jan 9 00:08:32 2021 No.25725593

>>25725464
I think btc and ETH will both continue to have a general uptrend but I expect a lot of volatility along the way. I think btc will hit upwards of 75k by EOY, and ETH $2.5-5k EOY. Of course this depends on a number of factors, but we are simply so early in this space and are still no where near our proper valuation.

>>	Anonymous Sat Jan 9 00:09:01 2021 No.25725603 File: 58 KB, 473x600, hungrychan.jpg [View same] [iqdb] [saucenao] [google] >>25722432 Now that Trump is out, isn't panning for gold in Alaska and picking berries the only way to "make it?"

Anonymous Sat Jan 9 00:09:02 2021 No.25725604

>>25722432
Conceptual question: is eth trying to be btc with smart contracts, that is a btc killer taking over store-of-value by being better than btc (presumably due to more smart contract support)? Or does it try to be a smart contract layer operating on top of a store of value layer (that could be btc and/or something else, but it’s not eth)? The way I see it, these are distinct directions and different technical decisions are appropriate depending on which way you go here.
Working backwards, it seems to me most technical choices made by ethereum indicate the second approach (eth is smart contracts, not a SoV) but not all of them, and I’m not aware if the team has been clear on their take on this. I’d appreciate your thoughts, both on the question of “how it is” as well as your opinion on “what ought to be” - that is, should eth try to take on the store of value use case?

>>	Anonymous Sat Jan 9 00:09:43 2021 No.25725619 >>25725526 Like what specifically

>>	Anonymous Sat Jan 9 00:12:37 2021 No.25725684 >>25725493 thx

>>	Anonymous Sat Jan 9 00:12:37 2021 No.25725685 >>25725619 >how can I buy it >how do I actually learn how it works >low fees places to trade it >can I analyze crypto graphs like I do with stocks

Anonymous Sat Jan 9 00:14:09 2021 No.25725724

>>25725604
eth and btc are two different coins with two different goals.
Anyone telling you that eth will kill btc is stupid and wrong.
eth tries to develop fast at the cost of breaking stuff. btc tries to build slowly and make sure every node still works after. eth is a smart contract platform, btc is digital gold. they are two different things with two different goals and two different approaches.

>>	Anonymous Sat Jan 9 00:15:16 2021 No.25725752 >>25725593 So if I were to invest 50k right now into crypto. The safest bet would be to go all into ETH?

>>	Anonymous Sat Jan 9 00:17:22 2021 No.25725804 >>25725752 50/50 eth btc

>>	Anonymous Sat Jan 9 00:18:42 2021 No.25725833 >>25725003 man

Anonymous Sat Jan 9 00:19:57 2021 No.25725867

>>25725685
1. If you’re in the us, Coinbase pro. Anywhere else use binance
2. Start off by getting to know the core concepts of bitcoin and what makes it so innovative. Then dive into Ethereum and learn as much as you can about that. From there, there’s a variety of different avenues you can go. The way I learned was just by reading. At first, I felt like I was reading gibberish, but over time, I familiarized myself with its terms, and really got to understand the concept of it.
3. Low fee place either Coinbase pro or binance. I wouldn’t recommend investing in alts just yet.
4. Yes, you can use trading view, CoinMarketCap, coingecko, dex stools, etc.

>>	Anonymous Sat Jan 9 00:22:33 2021 No.25725946 >>25725752 Not necessarily. It’d be best to manage your risk and diversify into one or two other assets. I think a 50:50 ETH/BTC would work well, but personally I’d probably do 50:25:25 with ETH, BTC, and Either ltc or link

Anonymous Sat Jan 9 00:28:28 2021 No.25726088

>>25725804
>>25725946
I was thinking about getting 1 BTC (waiting til after the Jan 15th court case meme to see how it effects crypto) and splitting 50:50 ETH and LINK.

This 50k is considered disposable as I am financially stable. But it's also detrimental that I don't lose it. If stocks and etf are a better/safer alternative then please let me know. But I truly do believe in a crypto future and want to turn up a profit (within the next 5-10 years) so I can help my mother.

>>	Anonymous Sat Jan 9 00:35:05 2021 No.25726214 >>25724580 I want to know this aswell

>>	Anonymous Sat Jan 9 00:38:06 2021 No.25726286 File: 6 KB, 281x180, retard pepe.png [View same] [iqdb] [saucenao] [google] >>25726088 >if stocks and etfs are better/safer of course they are.. if you can't handle 30-40% dips in crypto then stay out

Anonymous Sat Jan 9 00:40:22 2021 No.25726342

>>25726088
In most cases stocks are a safer alternative to crypto. There is still a legal grey area with crypto, and it’s vulnerable to all suddens of shocks or attacks. That is the reason most of us are here, the higher the risk, the higher the possible return. If that’s not your taste, I’d recommend just doing stocks instead. However, I’d argue that a majority position in btc is relatively safe and has more upside potential than most stocks or ETFs.

>>	Anonymous Sat Jan 9 00:42:07 2021 No.25726375 >>25724580 >>25726214 Idk, probs. If it goes down from where you buy in, just buy more

>>	Anonymous Sat Jan 9 00:42:28 2021 No.25726387 >>25725724 I agree with you there, my question is really about if the ethereum team have ever committed to this perspective. And, am I wrong to sense a noticeable portion of eth advocates seem interested in SoV market share, with eip1559 and such?

>>	Anonymous Sat Jan 9 00:43:18 2021 No.25726401 >>25722432 Will scaling actually work? Can eth actually survive against DOT & ADA?

Anonymous Sat Jan 9 00:44:31 2021 No.25726426
File: 13 KB, 238x212, fren.jpg [View same] [iqdb] [saucenao] [google]

>>25726286
Won't see any dips if I just buy and forget about it for a couple of years

I'm not fucking miserable and addicted like you. Looking at the screen everyday, spamming /biz/ with wojacks and shillin LCX. But ok, whatever helps your insecurities fag.

>>25726342
Thank you so much. Definitely going to commit to crypto after January 15th rolls around. Got all my exchanges and wallets set up and ready to go.

>>	Anonymous Sat Jan 9 00:44:40 2021 No.25726432 >>25726401 Yes.

>>	Anonymous Sat Jan 9 00:51:11 2021 No.25726571 Thoughts on oracle solutions like chainlink, api3, tellor and band?

>>	Anonymous Sat Jan 9 00:53:05 2021 No.25726618 >>25726432 How do you keep your crypto safe?

>>	Anonymous Sat Jan 9 00:53:28 2021 No.25726622 >>25722432 what exchange do you use? and best altcoins to hold forever?

>>	Anonymous Sat Jan 9 01:05:30 2021 No.25726902 >>25726622 Anything making major headway in defi. Coins like SNX, AAVE, SUSHI, YFI, COMP, UNI, And MAKR are all defi blue chips that are all likely to see good runs this cycle

Anonymous Sat Jan 9 01:08:00 2021 No.25726967

>>25726618
I keep my hodl stack stored away in my trezor, and my day trading/shitcoin stack on a metamask wallet. I write the seed phrase of my wallet on a notecard and lock it in a safe that only I know the password to, and make sure to have no traces or instances of my seed phrase logged on my computer.

Anonymous Sat Jan 9 01:08:08 2021 No.25726970

>>25723289
I agree on the first 2 but

>Avax ~ Better than cardano, but still doesn’t have what it takes to take over Ethereum.

Are you referring to network effect and adoption? Because avalanche is definitely technically competent enough to be called a "progress" to what we're currently dealing with.

>Ethereum will always be Ethereum, and it’s competitors are akin to how lite coin is bitcoin.

True.

Anonymous Sat Jan 9 01:11:22 2021 No.25727050

>>25722432
I agree with everything you've said so far aside from ur estimate of ATHs this cycle; eth 8-12k, btc 140-220k.

I would like your thoughts on tezos, I am considering putting like 10% of my portfolio, the more I learn, the more potential I see. Only reason I haven't pulled the trigger is because of low on chain metrics... Your thoughts?

>>	Anonymous Sat Jan 9 01:12:37 2021 No.25727076 >>25722432 How stupid is the EVM compared to something way more ubiquitous like CKB just using RISC-V? Does it do anything right?

Anonymous Sat Jan 9 01:13:10 2021 No.25727085

>>25726088
https://youtu.be/OGKuc3CZnLI
You might wanna watch this and think twice when people tell you “stocks are safe”. There are smart guys predicting a massive crash similar to ‘29 coming soon. They could be totally wrong, I am no economist, just saying - don’t assume stocks are safe right now, they are being massively pumped via fed money printing.

>>	Anonymous Sat Jan 9 01:46:36 2021 No.25727844 >>25722432 What is your rebuttal against Peter Todd's criticism of Ethereum? https://www.youtube.com/watch?v=8yah3N9n84k

>>	Anonymous Sat Jan 9 01:47:38 2021 No.25727860 >>25727844 27:00 mark in video

>>	Anonymous Sat Jan 9 01:55:18 2021 No.25727999 File: 74 KB, 791x800, woj.jpg [View same] [iqdb] [saucenao] [google] >I sold my ETH at $800AUD >It's now at $1,500AUD JUST.

>>	Anonymous Sat Jan 9 01:56:53 2021 No.25728037 >>25723363 >this time will be different!

Anonymous Sat Jan 9 02:12:38 2021 No.25728326

>>25727085
They might not even ever technically crash, but if they balance it "right" the guys closet to the printer will eventually own everything. Right now they are doing everything they can to lower the population and stretch resources out like cancelling meat and promoting bugs, but it will blow up in their face because economies can NEVER be controlled and are a natural mechanism of human societies.

Anonymous Sat Jan 9 02:23:11 2021 No.25728504

>>25724136
>>25724276
You can basically do this today, although the UX isn’t great. You use Several automated money market (AMM) and a cross chain protocol. Depending on the size of the trade you might go ETH->wBTC on Uniswap/Sushiswap. Or ETH->sETH->sBTC->wBTC on Curve and Synthetix (you might get a better price this way if you trade >$50k). Once you have wBTC you can swap on Curve for real BTC. This is an integration with renBTC cross chain swap. You’ll get hit pretty hard with fees and gas doing this but it is legit swapping ETH-BTC without kyc or centralized intermediaries

>>	Anonymous Sat Jan 9 03:08:56 2021 No.25729303 >>25724722 Can you give more details about the differences between btc and eth scriptability? What can’t btc do that eth can with regard to scripts? Does ave to do with Turing completeness? And what’s dat? >>25724386 Id this true?

>>	Anonymous Sat Jan 9 03:20:43 2021 No.25729514 I know nothing, why are gas fees so high and will this ever be fixed?

Anonymous Sat Jan 9 03:56:42 2021 No.25730194

>>25722432
Why would the ethereum keep rising when the gas fees become unbearable and as alternatives like Cardano and Algorand are on the horizon?
Serious question. I'm pretty new with crypto but from what I read and I'm hearing, both BTC and Ethereum are old techs with big flaws that won't keep inflating indefinitely, why should I invest in these old things considering they could turn into dust in mere seconds?

>>	Anonymous Sat Jan 9 04:18:36 2021 No.25730633 Bump so this shitty board doesn't lose its one good thread.

>>	Anonymous Sat Jan 9 04:21:21 2021 No.25730692 File: 122 KB, 735x779, lol.jpg [View same] [iqdb] [saucenao] [google] good thread op

>>	Anonymous Sat Jan 9 04:24:00 2021 No.25730746 >>25722432 Do you know what flare is doing, is it going to kill eth

>>	Anonymous Sat Jan 9 04:43:34 2021 No.25731128 Could you explain the difference between a node and a minor? Also could you explain the process of executing the smart contract code on the EVM? Does the node execute the byte code and then forward the transaction to the minor to validate it?

>>	Anonymous Sat Jan 9 04:46:03 2021 No.25731169 >>25731128 And what do you think about the 22 million bitcoin hard cap? are fees sustainable for minors or will they stop mining, or bypass the bitcoin limit and keep inflating the supply of bitcoin?

>>	Anonymous Sat Jan 9 04:46:42 2021 No.25731182 >>25730194 >Cardano and Algorand >not AVAX pleb

>>	Anonymous Sat Jan 9 04:57:51 2021 No.25731367 >>25722432 Thoughts of OffchainLabs/Arbitrum?

>>	Anonymous Sat Jan 9 05:19:17 2021 No.25731810 >>25727050 Xtz is an isreal coin

Anonymous Sat Jan 9 05:22:45 2021 No.25731881

>>25729303
Bigcorn is not turning complete
In brainlet's term, a language being turning means it can do loops
Bigcorn can't do that not because satoji is a dumb dumb, but because loops introduce halt problem (but solvable with the gas system) and bring complexities

>>	Anonymous Sat Jan 9 05:25:23 2021 No.25731939 >>25722432 What is eth?

>>	Anonymous Sat Jan 9 05:25:37 2021 No.25731947 >>25730194 Other eth killers don't have the defi infra Even when they copy the soucr code and deploy those defi infra, there is no "assets" to use those infra for

>>	Anonymous Sat Jan 9 05:28:08 2021 No.25731995 >>25722432 Can EtH go to $10k this cycle?

>>	Anonymous Sat Jan 9 05:31:03 2021 No.25732047 >>25722432 Explain to me a nonce? I've heard a lot of anons here over the years get fucked by nonce never bothered to understand it

>>	Anonymous Sat Jan 9 05:31:09 2021 No.25732049 >>25722432 Thank you based OP for helping out newfags. Crypto is indeed the future.

Anonymous Sat Jan 9 05:34:01 2021 No.25732094

>>25732047
Nonce is simply a bumber to keep track of the order that you want your tx processed

I.e. I sent a uniswap tx to swap 200 usdc for usdt, with a nonce set to 2
Later I say fuck it, I don't want to do the swap
So I send another tx with nonce set to 2 as well. If this tx gets on to the blockchain, my previous tx is the. Invalidated

>>	Anonymous Sat Jan 9 05:34:27 2021 No.25732101 >>25724722 If everything goes perfectly well for ETH, can The global financial system of the 21st century actually be built on it?

>>	Anonymous Sat Jan 9 05:35:12 2021 No.25732116 I coulda swear that this post shows how many normfags are on this board right now

>>	Anonymous Sat Jan 9 05:36:23 2021 No.25732137 >>25732101 Ye, banks can send usdc via eth

>>	Anonymous Sat Jan 9 05:36:27 2021 No.25732138 File: 118 KB, 220x313, 220px-Castle_in_the_Sky_(1986).png [View same] [iqdb] [saucenao] [google] >>25722719 >He doesn't know the actual origin Sell sign.

>>	Anonymous Sat Jan 9 05:37:25 2021 No.25732153 >>25732138 What is it?

>>	Anonymous Sat Jan 9 05:42:53 2021 No.25732246 File: 531 KB, 402x442, 1418618563925-1.gif [View same] [iqdb] [saucenao] [google] >>25732094 Ohhh that's cool I see. Thanks Vitalik

>>	Anonymous Sat Jan 9 05:42:54 2021 No.25732247 >>25732153 Ok finial question 3.5 BTC 205 ETH 130 LTC Am I going to make it foreal soon? I hate my fucking job. I need to be financially independently

>>	Anonymous Sat Jan 9 05:44:21 2021 No.25732280 File: 27 KB, 500x509, 1556560402956.jpg [View same] [iqdb] [saucenao] [google] >>25724136 >>25724276 there is a top 100 project that does exactly this you stupid nigger, the fact you don't even know this shows how much you know

>>	Anonymous Sat Jan 9 05:45:03 2021 No.25732290 >>25732247 How about telling me how much $$ is making amout 4 u? For me it's 2k usd. I can feed my entire village with that

>>	Anonymous Sat Jan 9 05:46:05 2021 No.25732310 >>25732290 I dunno nibba like a a couple mil

>>	Anonymous Sat Jan 9 05:46:22 2021 No.25732316 >>25732280 no pegging required btw, it works more or less as original question described

>>	Anonymous Sat Jan 9 05:46:56 2021 No.25732323 And after all...what about 0xbtc?is it worth something?

>>	Anonymous Sat Jan 9 05:47:11 2021 No.25732331 >>25722432 Is Ethernium a bit coin?

>>	Anonymous Sat Jan 9 05:47:54 2021 No.25732347 >>25732331 It is a bit of a coin

>>	Anonymous Sat Jan 9 05:48:44 2021 No.25732364 >>25732310 2 mil guaranteed Hope that's enough for u, u can buy plenty of ladyboys with that money

>>	Anonymous Sat Jan 9 05:50:04 2021 No.25732392 >>25732364 Can you stake ladybois on the EtH network?

>>	Anonymous Sat Jan 9 05:52:33 2021 No.25732443 >>25732392 Yes but pls dont do that. I dont want my node getting aids

>>	Anonymous Sat Jan 9 05:54:47 2021 No.25732487 >>25732443 AIDS token is unionically a good name for a pump/dump meme coin

>>	Anonymous Sat Jan 9 05:56:37 2021 No.25732531 >>25732323 Who knows what the price will do, but the community is good.

>>	Anonymous Sat Jan 9 06:02:00 2021 No.25732644 What do you think about ROOK?

>>	Anonymous Sat Jan 9 06:05:07 2021 No.25732700 File: 1.63 MB, 3649x1821, devops199.png [View same] [iqdb] [saucenao] [google] has the eth locked by devops199 ever been freed?

>>	Anonymous Sat Jan 9 06:07:40 2021 No.25732749 >>25732700 Kek No. Tried to call ethereum customer service, but no

>>	Anonymous Sat Jan 9 06:09:55 2021 No.25732797 >>25732047 nonce a rich nonce for example a kiddie didler member Vitalik talking about CP? thats what nonce is for

>>	Anonymous Sat Jan 9 06:11:27 2021 No.25732824 If i want to learn solidity, where is the best place to start?

>>	Anonymous Sat Jan 9 06:19:20 2021 No.25732985 >>25732824 Mastering ethereum the book Solidity itself is very java like, but u need to know some ethereum specific quirks (i.e. inheritance) to avoid writing flawed contracts and getting ppl rekt

>>	Anonymous Sat Jan 9 06:28:32 2021 No.25733154 >>25722432 Good thread. How necessary is knowing programming if I want to git gud at crypto? I have very little "IT" knowledge in general, am I hopeless?

>>	Anonymous Sat Jan 9 06:35:24 2021 No.25733284 >>25733154 Depends on what do you mean by git gud? Write smart contracts? Start a rug pull? Trading shitcoins?

>>	Anonymous Sat Jan 9 06:41:15 2021 No.25733425 >>25733284 >Write smart contracts? Start a rug pull? Trading shitcoins? Probably the third. As in I really want to understand what I'm investing in through and through, to be able to understand underlying trends and future potential.

Anonymous Sat Jan 9 06:43:13 2021 No.25733461

I skipped the end of the thread a bit
Anyway
X R pee pee poo poo with the fork utility flare/flair? is running on ethereum? I'm typing from memory. So theoretically, money had to flow through eth into flare after the airdrop? Also what does this mean for XRP?

>>	Anonymous Sat Jan 9 06:46:48 2021 No.25733533 >>25722432 Why is this scam still going?

>>	Anonymous Sat Jan 9 06:46:54 2021 No.25733537 Why so much hate about 0xbtc? There is nothing to hate IMO

>>	Anonymous Sat Jan 9 06:47:34 2021 No.25733556 >>25733461 It's not running on ethereum. It uses EVM which is to say that it runs on an identical code as ethereum, but that's it. AFAIK.

>>	Anonymous Sat Jan 9 06:52:20 2021 No.25733651 >>25733556 But you needed the ethereum address to register the air drop but then you said identical code so I don't know. Learning new things everyday but to say I understand the technicals, kek no

Anonymous Sat Jan 9 06:56:20 2021 No.25733736

Hi OP I have a few things I definately would like to ask about ethereum.
1) right now it’s working on proof of work, so yes I understand that miners have to solve for these transactions to occur. As ethereum moves to ethereum 2.0, it uses proof of stake right? How does proof of stake moves the blockchain? As in there’s no more miners now right? Since proof of work is abandon.
2) how does proof of stake reduce gas cost? Like how does it make the ethereum blockchain more efficient?
3) In my opinion, L2 solution is just a temporary solution to cut ethereum gas cost. It is not a permanent solution. Therefore once eth 2.0 is fully launched, does this make L2 solution obsolete? Can L2 solutions still be implemented on eth 2.0?
4) there has been talks about privacy on ethereum, however the beauty of ethereum is that it is open hence anybody can view it. Will there be a point where privacy can/will be implemented in ethereum? Or we have to rely on dapps?
5) Correct me if I’m wrong anon, smart contracts are pretty fucking based and it is without a doubt going to be very useful and might even be the standard one day. However how does ethereum get data from the outside world and integrate it into the blockchain at the moment?
6) fuck jannies

>>	Anonymous Sat Jan 9 06:56:34 2021 No.25733743 File: 40 KB, 500x600, 1DE8C5D2-818F-41E8-85F7-DBB1211894FC.jpg [View same] [iqdb] [saucenao] [google] >>25731939 It’s how Mike Tyson says “S”

>>	Anonymous Sat Jan 9 06:57:29 2021 No.25733758 How many TX/s for ETH 2.0?

>>	Anonymous Sat Jan 9 06:57:52 2021 No.25733769 >>25733743 TOPKEK

>>	Anonymous Sat Jan 9 06:58:32 2021 No.25733783 How do you run a dApp?

>>	Anonymous Sat Jan 9 07:01:45 2021 No.25733848 >>25733651 >But you needed the ethereum address to register the air drop No? Flare uses EVM for coding but it runs on an entirely different blockchain with different consensus mechanics. That's why it's an upgrade to existing Turing complete chains.

Anonymous Sat Jan 9 07:03:21 2021 No.25733882

>>25733736
1) same. Pos and pow are really just ways to reach a consensus on which miners block is canon
2) faster mining, higer throughput, more tx processed each hour
3) ye. L2 is inferior because it doesn't have composiblity. U can't do flash loan arb on l2 because aave is not deployed on l2
4) honestly if u wanr privacy why not just use monero? More features don't necessarily makes eth better
5) check chainlink docs

>>	Anonymous Sat Jan 9 07:03:54 2021 No.25733891 >>25722432 >Sorry anons I got stoned and forgot Always do the opposite of what druggies say

>>	Anonymous Sat Jan 9 07:04:23 2021 No.25733899 >>25733783 Find someone on fivver to code it put for ya

Anonymous Sat Jan 9 07:05:07 2021 No.25733914

>>25731947
Yep but ETH COST MONEY.
If the cost is too significant the market will try to get around it and sooner or later find a way. The only possible way for eth to remain king is for it to be less expensive. In both cases Eth will lose value, no matter the exclusive network it developped. If the only actors able to use the market are the big pockets, the whole market will lose steam.

>>	Anonymous Sat Jan 9 07:05:59 2021 No.25733931 >>25733882 goddamnit i love you! please have my babies thanks for everything. gonna go rope myself because i sold eth at $40. bought back everything at $200

>>	Anonymous Sat Jan 9 07:06:03 2021 No.25733932 >>25733425 Probably reading on finance helps. At least help you understand how most yield farm works As a homework, try to explain why yield farms give reawrd to those who supply liquidity to stable coin-yield farm shitcoin pair on uniswap

>>	Anonymous Sat Jan 9 07:06:58 2021 No.25733951 >>25733848 >flare Fuck off faggot noob

>>	Anonymous Sat Jan 9 07:07:25 2021 No.25733959 >>25733914 Try to use any eth killer now. They don't even have liquidity on their dexes

>>	Anonymous Sat Jan 9 07:08:09 2021 No.25733982 >>25733882 errm so ETH2 is not involved in block confirmation yet? is there going to be a mixed period of pow/pos?

>>	Anonymous Sat Jan 9 07:08:27 2021 No.25733987 >>25733914 If there is no asset to be traded on those eth killers to start with, then why would I care that those killers have low fees?

>>	Anonymous Sat Jan 9 07:12:13 2021 No.25734056 >>25733982 Eth is fully pow now. Eth 2.0 staking is online tho, but u can't move ur staked coins nor rewards No

Anonymous Sat Jan 9 07:15:24 2021 No.25734140

>>25733932
You know that's something I've been trying to figure out just the last couple of days.

Basically as I understand, yield farmers are those who reap their income from shitcoin manias. Whenever people start massively trading the flair of the week, there's farmers to offer liquidity until it's profitable.

But honestly the point where you get tokens from LPs, which you can then put in other LPs and get yet another token ad infinitum, going to thousands of percentages APY, is where it gets confusing. Where does the value come from? Only from new money, right? There's no real value creation there, it's only shuffling money around, right?

>>	Anonymous Sat Jan 9 07:15:59 2021 No.25734158 Anyone got any thoughts on Raiden? I'm all in on it, thinking l2 is the future as per SN's forum posts and because it is incentivized through the token in contrast to Lighting Network which is only incentivized through fees

>>	Anonymous Sat Jan 9 07:17:03 2021 No.25734185 >>25734056 What do you think, will PoS, by locking up a good chunk of eth, somehow make chain safety compete with defi? People are obviously going to go one way or the other simply based on payoffs.

>>	Anonymous Sat Jan 9 07:17:36 2021 No.25734197 >>25725439 This

Anonymous Sat Jan 9 07:17:40 2021 No.25734200

ok OP i still questions.
1) this would be regarding polkadot and ethereum. right now my consensos as such. poolkadot will come close to overtake ethereum. however the problem with polkadot is that you need connections and lots of money to create parachains. doesnt this mean that polkadot is more centralised as compared to ethereum (where any nigger/pajeet/faggot can build anything and everything they want). so that would still mean that ethereum is the most decentralised platform out there as compared to eth killers, which are more centralised?
2) how does polkadot building an ethereum bridge affect ethereum? will gas fees be affected? will liquidity be affected?
3) i am a link hodler, but i believe that chainlink would not overtake ethereum. instead chainlink would make ethereum so much more fucking valuable than it currently is. if chainlink becomes uselesss one day, does mr vitamin has any plans on finding solutions to connect ethereum to the real world by building its own oracle? the reason im asking this is because shitcoins such as tron is copying chainlink code and cardano is trying have an inbuilt oracle within its own platform

Anonymous Sat Jan 9 07:24:20 2021 No.25734358

>>25734140
You are right that there is just money being shuffled around, but try to explain why the reawrds were given out tho. Why would the devs design the system this way. Understanding this is crucial to evaluating the shitcoins u are buying
Also, what you described are pool 1 (i.e. usdc-dai lp pool), I was asking pool 2 (i.e. usdc-shitcoin lp pool)

>>	Anonymous Sat Jan 9 07:28:40 2021 No.25734454 >>25734185 Honestly I don't know understand the argument. Why would locking eth making it compete with defi?

Anonymous Sat Jan 9 07:29:37 2021 No.25734476

>>25734358
in my opinion, you deposit your money so that there will be a pool of money for the DEFI project to borrow your money and money from other people (which is the pool of money) in order to make better investments (just like insurance investments in the real world) so in crypto, they DEFI project can perform arbitrage opportunities or flash loan attacks orr front running bots. then they pay you because you lend them your money.
another possibility is that its just another ponzi

>>	Anonymous Sat Jan 9 07:30:35 2021 No.25734503 0x;MR

>>	Anonymous Sat Jan 9 07:32:02 2021 No.25734534 >>25734454 inherent liquidity instead of external yhrough shitcoins

>>	Anonymous Sat Jan 9 07:32:15 2021 No.25734539 If you had to give an elevator pitch on Ethereum, how would you describe why Ethereum "matters" more than being traded?

Anonymous Sat Jan 9 07:33:30 2021 No.25734560

>>25734200
1) u can still deploy multiple dapps on a parachain. I also remember polkadot reserves some slots for public use
2) small fries might port erc20 assets to polka. Big fish are probably wait and stay on ethereum. Polkadot was developed by parity team, they had some bug with the multisig contract they developed in 17 and caused ppl lose a shitton of money. Who knows if the bridge contracts can work as intended instead of losing ur coins and shit
3) honestly code/tech is not as important as the ecosystem (read, users). Justin might as well deploy all the major defi projects on his blockchain (which is just eth clone), but only niggur use tron

Anonymous Sat Jan 9 07:34:51 2021 No.25734589

>>25734503
nope. 0xmonero is still vaporware bullshit
just like the last hundred times you spammed it
stfu you dickless little moron
https://www.reddit.com/r/CryptoMoonShots/comments/i27fhk/0xmonero_summary_of_findings/
>>/biz/thread/S24750658#p24755504

>>	Anonymous Sat Jan 9 07:35:35 2021 No.25734603 >>25734534 Defi pairs can use stable coins like usdc for liquidity purposes. Usdc is apporved by isrealis

Anonymous Sat Jan 9 07:37:17 2021 No.25734650

>>25734539
replaces bank functionality in a decentralized manner and removes building, maintenance, heating, personnel costs and other things that physical banks and finance companies need to work. if the elevator ride is a long one, you cna explain that smart xontracts remove human meddling from the equation. human meddling can be described like in the case of the movie big short, where the indicators showed that the housing market was busted but the SEC still let the bubble go

>>	Anonymous Sat Jan 9 07:37:22 2021 No.25734652 >>25723363 Eth is Facebook in this analogy, fatso.

Anonymous Sat Jan 9 07:37:44 2021 No.25734661

>>25734358
I mean to get traction? I don't know the details but surely the creators of some pool benefit from its huge traction?

Say they were to release a token, retaining 5% for themselves. If there's a herd of people caught in the mania, they're set for life. Tie the token to some gimmicky DAO and the token suddenly seems like the best thing ever. Am I close?

>>25734454
Well if the payoff for staking is low, then people would rather send their eth into defi.

https://arxiv.org/abs/2001.00919

That is the main argument behind Flare network. I think Acala/Karura also tries to solve the problem with offering derivative tokens for staked tokens, so that you can both partake both in network security and defi.

>>	Anonymous Sat Jan 9 07:38:39 2021 No.25734686 >>25734603 defi uses all those yfi_type scams that will deflate like popped butt implants at some point

Anonymous Sat Jan 9 07:39:15 2021 No.25734697

>>25734476
No
When u deposit into yield farms, devs can't withdraw your fund. All the yuelds are earned by the smart contract doing the arbitrage
But still, I'm asking why would the yield farm give u their shitcoins in return?
Think about how kimchi farm gives you kimchi if you deposit usdc-dai lp and kimchi-usdc lp. What good does it do by incentivzinv u to provide liquidity to those pools and deposit the lp token into their contract?

>>	Anonymous Sat Jan 9 07:39:39 2021 No.25734710 >>25723843 why does that /fit/ poster have butt implants?

>>	Anonymous Sat Jan 9 07:40:19 2021 No.25734726 >>25734661 Ye, this anon gets it

>>	Anonymous Sat Jan 9 07:41:52 2021 No.25734756 >>25722432 What exactly changed from ETH from 2017/18 till now, I know it can be staked now, but what does it bring, and also why is ETH fees > BTC fees now

Anonymous Sat Jan 9 07:43:33 2021 No.25734786

>>25734661
Payoff from staking is variable

There is a risk of transferable staking ownership. I could theoretically use that as collateral to borrow more base layer token and build an operating leverage for my staking operation. Their might be some risk with that (i.e. essentially a rehypothetic market for the token)

Anonymous Sat Jan 9 07:47:56 2021 No.25734896

>>25734756
Ur uniswap fee in doolar term is made of two parts:
Gas used by contract x Gas fee(denominated in eth) x eth price (denominated in usd)
Gas used by contract has been on the rise because on average, smart contracts are becoming more and more complicated, thus costing you more gas

Gas fee rises during network congestion. I remember crypto kitties jacked it up to 1200 gwei

Dollar price of eth is now near ath too

That's why u feel it's more expensive

>>	Anonymous Sat Jan 9 07:53:48 2021 No.25735034 >>25725603 You doesn’t even know how smart this was. Just bought 100k Alaskan acres

Anonymous Sat Jan 9 07:58:01 2021 No.25735115

>>25724136
There is only one chain that is even capable of doing this and that is CKB.

https://youtu.be/Fa_rH857piI

You can send real bitcoin from your bitcoin wallet to your CKB wallet as if it was just another address on Bitcoin. There is can be used in smart contracts just as if it was wBTC but it’s real honest to goodness bitcoin. This CKB wallet can even be accessed and managed from your BTC wallet. Same goes for ETH and tokens and dapps. Plug n play at a level most people literally haven’t even dreamed of.

The only reason they can do this is that their VM is literally just RISC-V which is an open source CPU instruction set.

>>	Anonymous Sat Jan 9 07:58:33 2021 No.25735128 >>25727076 No answer is answer enough. I bet it blows like every “finished product” in this fuckin space. Well... sigh. Off to buy more. Fuck me.

>>	Anonymous Sat Jan 9 07:58:34 2021 No.25735130 >>25722432 What does it do for me if I buy some? I have BTC and LINK and i know what they will do.

Anonymous Sat Jan 9 08:01:54 2021 No.25735203

>>25734726
is there ANY real value in defi?

Money markets (omen) and their services (oracles, kleros) seem like legit, because they're tied to real world. Similarly smart contracts and lending platforms, I guess.

Defi seems to be in some experimental stage where people who throw money into it may strike gold, like Amazon in the dotcom bubble, but most of it is just a wild natural experiment to see what works and what doesn't. Plus the scams, which I hope are the minority of the more legit projects.

Any idea what will stand and flourish in current defi? Not just catch a future mania, but actually find a real purpose?

>>	Anonymous Sat Jan 9 08:02:42 2021 No.25735228 >>25735115 >CKB wallet Who controls the private key to that ckb bigcorn wallet? How do I make sire that I won't br gox'd?

>>	Anonymous Sat Jan 9 08:02:57 2021 No.25735232 >>25734786 I'm not sure I understand. Do you mean that volatile assets are risky for collaretal?

>>	Op Is Based Sat Jan 9 08:12:45 2021 No.25735444 What do you think about the 22 million bitcoin hard cap? do you think minors can survive off of fees alone? or do you think they will negate the cap and continue to inflate btc?

Anonymous Sat Jan 9 08:27:51 2021 No.25735763

>>25722432
1-How large is EVM compared to the largest centralized computers (and how is the useful way of measuring these)? How large is it compared to the legacy industries it replaces or aims to replace?
2-which are the greatest challenges that are existential threat to ETH token value? How are they being mitigated?
3-which fortune 50 companies use EVM right now? Who plans to use it or has come out in support of it as a useful technology?
4-looking at the full range of offerings and planned offerings on the ethereum network, what’s missing? What’s needed yet not being talked about?
5- 2d or 3D?
6- trap or tomboy?

>>	Anonymous Sat Jan 9 08:58:33 2021 No.25736415 File: 61 KB, 1000x1000, 1606347999578.jpg [View same] [iqdb] [saucenao] [google] Are you okay in these trying times OP? I hope you're happy

>>	Anonymous Sat Jan 9 09:12:06 2021 No.25736749 >>25726967 >and make sure to have no traces or instances of my seed phrase logged on my computer. why is this necessary?

Anonymous Sat Jan 9 09:16:53 2021 No.25736867

>>25736749
imagine if someone manages to completely compromise your computer, if they cant get your unprotected crypto within 10 minutes they might take a snapshot or look through your files to see if you did the equivalent of having your password on a post-it note in your office.

>>	Anonymous Sat Jan 9 09:18:25 2021 No.25736903 >>25736867 thanks mate

>>	Anonymous Sat Jan 9 09:18:41 2021 No.25736910 >>25722432 As a total beginner, where should I start, what questions should I have and what tools I should need ? Any links, guides or threads that you can tell me about ? I'm completely lost haha

>>	Anonymous Sat Jan 9 09:26:08 2021 No.25737107 >>25736910 if this is not bait, read the thread lazy cunt

>>	Anonymous Sat Jan 9 09:34:11 2021 No.25737298 >>25737107 mate this is coming from you who asked this >>25736749 question? Bruh...

>>	Anonymous Sat Jan 9 09:53:28 2021 No.25737836 is it true that the eth2.0 shards are basically just chainlink oracles?

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