re: Official CryptoTalk Thread

Watching Bloomberg TV and Jack Mallers is shitting all over fiat and the banking system. The Bloomberg host aren't looking too amused.

quote:

---

How soon can the ETH ETF happen?

---

What are you guys’ opinions on the Grayscale Ethereum Trust?

Lot of money to be made on the build up but Gary was extremely clear in his comments yesterday it is going to be a huge fight.

That's a good thing. People bitch that ETH is slow and expensive. This increases transactions per block and thus lowers gas fees as less people are competing for block space. It can also allow for larger rewards for validators.

It conceptually has some impacts on sync speed and state size, but that's only if you assume you are using old hardware. The increase in block fees should scale upwards as hardware costs to run a node or validator come down. For example, let's say a 1TB SATA SSD cost $300 in 2020, but now you can get a 2TB PCIe SSD for $300 (making numbers up). It's the same cost now as it was then, but you can run a much beefier node that can easily handle the bigger state size and sync.

We’ll see. We saw this same dog and pony show in October and Hex fizzles and gave up nearly all of those gains until the last week.

Yesterday was historic but lets be honest, it was a let down.

Volume was off the charts and broke many records but inflows were not what was predicted.

Now, MANY brokerages are not allowing their clients to buy the Bitcoin ETF which contributed to the let down.

Vanguard being the largest of that list.

AUM was expected to be 2-4 Billion for the new players in the first 48 hours, yet yesterdays inflows didn't even hit 50 million.

Things can and will change, but as of now, WallStreet is not interested in Bitcoin.


ETA: Someone check my numbers. This is what I was able to find on twitter and various articles.

I prefer to see an extended parabolic meteoric rise before settling into a more continuous steady climb, with only smaller meteoric rises on each day just before I decide to sell some.

On to the halving narrative. Hopefully that will be the next catalyst.

A lot of the supposed inflows was just people bailing on GBTC and going into another. Net inflow was not very impressive. This feels like a Trojan horse. Not sure why all the maxis were cheering for Wall Street to control the price.

quote:

---

Sidenote: Any metamask users any here ever deal with a glitch that causes your balances not to show? My quantity’s are fine just no dollar amount

---

Happened to me yesterday. Just checked and balances are showing now (only on Ethereum though). They have never shown for Pulsechain. This is with the extension.