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Posted on 1/20/21 at 3:15 pm to Crawdaddy
quote:Yes but I could see ETH lagging slightly in % gain from here. It all depends on ETH 2.0 really and that is a complete cluster at the moment.
Do y’all think bitcoin will hit 100k this year with Ethereum following the same upward trend?
Posted on 1/20/21 at 4:03 pm to TigerTatorTots
Yea the more I read and hear about ETH 2.0 the less confident I am in it. Unfortunate because Chainlink is tied to it(gas fees) and that is what I’ve been primarily riding.
This post was edited on 1/20/21 at 4:04 pm
Posted on 1/20/21 at 4:05 pm to lighter345
PolkaDot or Cardano would be the next best thing.
Posted on 1/20/21 at 4:32 pm to lighter345
that's why I posted the concern of chainlink being bound to the success of eth, not an ideal position to be in.
Posted on 1/20/21 at 4:33 pm to rocket31
quote:
chainlink being bound to the success of eth
This isn’t true though
Posted on 1/20/21 at 4:35 pm to CE Tiger
okay, so it can potentially pivot to a different platform?
it's an erc20 token right?
it's an erc20 token right?
Posted on 1/20/21 at 4:57 pm to rocket31
quote:
okay, so it can potentially pivot to a different platform?
Yep, blockchain agnostic. It’s already integrated with every major blockchain so it probably wouldn’t be too difficult.
However, the best timeline for everyone is probably ETH not completely failing.
Posted on 1/20/21 at 4:58 pm to rocket31
quote:
it can potentially pivot to a different platform?
All the gas fees are gonna be handled with off chain reporting and threshold signatures
Posted on 1/20/21 at 5:01 pm to DeathValley85
Yeah POS can obviously happen. I would think throwing more resources at it would be more likely than ETH disappearing. Tons of people are in deep at this point
Posted on 1/20/21 at 5:06 pm to DeathValley85
gotcha and it's hard for me to see eth ever completely failing but I do wonder what happens if a few projects decide to move elsewhere
Posted on 1/20/21 at 5:32 pm to CE Tiger
The gas fees are still eth those correct? If Chainlink become more efficient via those methods and incurs less gas, does it matter if people continue to use ETH or not?
Posted on 1/20/21 at 5:45 pm to lighter345
Eth can be the settlement layer or it can be done on any other chain
Posted on 1/20/21 at 5:47 pm to jimbeam
Their cir is too high.
Posted on 1/20/21 at 8:13 pm to AUCE05
Avax is another in that area. They’ve partnered with chainlink on some stuff already
Posted on 1/20/21 at 8:53 pm to rocket31
quote:
I do wonder what happens if a few projects decide to move elsewhere
Not gonna happen. If anything projects will bridge to multiple chains (I think this is likely) but an Ethereum based DeFi application isn’t up and leaving unless ETH2 implodes which will rock the whole market. Many are moving to Layer 2 on ETH right now which is going to help out a lot on this insane gas issue
Posted on 1/20/21 at 8:55 pm to DeathValley85
Lots of block chains are integrated with Chainlink but LINk still runs on the ETH blockchain and pays ETH gas fees.
They could move to Cardano via the ERC token converter and the Ethereum emulator with no code changes.
They could move to Cardano via the ERC token converter and the Ethereum emulator with no code changes.
Posted on 1/21/21 at 3:30 am to RonLaFlamme
hmm interesting but ADA seems like a ghost chain ... only 50k active addresses in the last 24 hours? i keep seeing so many conflicting perspectives with ADA that I still have reservations
how defi evolves will be fascinating
how defi evolves will be fascinating
This post was edited on 1/21/21 at 4:02 am
Posted on 1/21/21 at 7:09 am to rocket31
Added some more BTC this morning around when it was 32.4K. I probably won’t be adding any more in the near future unless it starts heading back to around 20k.
This post was edited on 1/21/21 at 7:36 am
Posted on 1/21/21 at 7:35 am to Yellerhammer5
Small fry here, but would any of you advise trading some ETH for BTC since BTC seems to be dipping more the ETH right now?
I don’t have any idea what that other stuff in the thread means about Defi and gas’s fees.
I don’t have any idea what that other stuff in the thread means about Defi and gas’s fees.
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