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/biz/ - Business & Finance

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28276084 No.28276084 [Reply] [Original]

I don't know what an Ethereum is or what it does.

>> No.28276124

Inefficient decentralized computing

>> No.28276235

>>28276084
It's a currency like Bitcoin. Its main draw is being exchangeable on uniswap for sketchy but potentially profitable coins that aren't listed anywhere else.

>> No.28276428

>>28276084
>I don't know what an Ethereum is or what it does.
nobody knows wtf it does fren.

>> No.28276551

>>28276084
Ethereum is a computing network that powers smart contracts, which will replace regular contracts in all aspects of business and finance, thus disenfranchising the jewish lawyers and bureaucrats that parasitize our society

>> No.28276633

>>28276084
Same, I only know about the fees.
I dont agree with their fees policy, therefore i dont use it.

>> No.28276655

>>28276551
What is the difference between a smart and dumb contract?

>> No.28276716

>>28276084
number goes up
>>28276124
>>28276235
>>28276428
>>28276551
>>28276633
>>28276655
all wrong

>> No.28276867

>>28276655
in the real world, a contract is a piece of paper that says "if Alice does a job, John will give her this amount of money". But people can break the contract, argue over terms after the fact, get held up in court etc.
a smart contract is a digital contract. John puts some collateral money in the contract (this is why Ethereum coins have value). The contract can detect whether alice has done the job, and automatically pay her the money. You cannot break a smart contract once it is initiated.
Smart contracts can replace 50% of the work force of most large corporations.

>> No.28276901

>>28276867
So that's why I should invest everything in GRT?

>> No.28277035
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28277035

>>28276084
Ayo bruh i noe what efferium be is some lit fiyah my niggah. now put dem coins in dis bag

>> No.28277086

>>28276901
No that's why you should buy ETH and hold it as its value goes up. Then use a small percentage of that to gamble on stupid shit like GRT.

>> No.28277122

Oho wow what ok kid!!!

>> No.28277220

I just noticed the ETC I've been holding for a few months just went up like 50%
Why? Is this happening? Is it just momentum from a wave of people getting into crypto after the doge stuff? Or is there more going on?

>> No.28277328

>>28276551
Not if gas fees prevent you from doing anything

>> No.28278415

It's a stock on the Bitcoin exchange. Being a subtype of Bitcoin you can buy shares. Also it's unregulated until Elon succeeds in getting the sec to put their foot down.

>> No.28278509

In Robinhood there two ethereum, one is $1100 the other is only $11

>> No.28278536

>>28276084
A decentralized software and network and also currency that enables crypto to have programmable function.

>> No.28278607

my lil efferum stock doin sum

>> No.28278611

it's a smart contract platform, but in reality it's just a shitcoin generator

>> No.28278975

>>28276867
>The contract can detect whether alice has done the job
Can it, though?

>> No.28279404

>>28278975
If it's programmed correctly yes.

>> No.28279949
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28279949

it finna do a lil somfin'.

>> No.28280921

generates big fees 4 vitalik and lets us swop erc20 tokems so we can give vitalik big big fees