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re: Official CryptoTalk Thread
Posted on 5/11/21 at 2:58 pm to 98eagle
Posted on 5/11/21 at 2:58 pm to 98eagle
quote:
Just curious what you tell anyone who has zero crypto who asks you how much Bitcoin should they buy if they are holding long term
This is basically me, but I was looking at Ether and Litecoin as my two to buy.
0
Posted on 5/11/21 at 3:06 pm to rocket31
quote:
shiba inu coin is now in the top 20 marketcap for anyone scoring at home
JFC
I'm a fan of finding shite coins that have a real, practical application and potential..
This market insanity with doge and shib is a bad look.
Posted on 5/11/21 at 3:10 pm to Hulkklogan
yea I can tell you are pretty thorough but the tiktok degens are out performing all of us 
Posted on 5/11/21 at 3:15 pm to rocket31
Putting crypto "experts" to shame shite maybe this is as simple as finding what's trending and investing
shite maybe this is as simple as finding what's trending and investing 
Posted on 5/11/21 at 3:15 pm to rocket31
quote:
where can I read more about pulse
so not all the details have come out yet and nothing is final...but there is a telegram where Richard goes in there and talks about it. https://t.me/PulseChainCom pinned tweets.
Here is his youtube video from yesterday where he talks about Hex first....then what's going on with Pulse (the ethereum fork) https://www.youtube.com/watch?v=XClX1fX672g&t=5207s
He's pinned a few tweets in there about Pulse and his thought processes.
quote:
Pulse FAQs
What is PulseChain?
PulseChain (Pulse) is the name of the new Ethereum fork Richard Heart is creating.
What is a Fork?
Forks are often created in the normal process of software development. In the blockchain world it often refers to the upgrade of an existing block chain network’s software. Forks can either be contentious or non-contentious, contentious Forks often result in two copies of the blockchain, non-contentious forks are when everyone agrees to change the software code.
Why is Richard Heart Forking the Ethereum network?
Due to some recent changes and upgrades on the Ethereum network the cost to run the HEX smart contract code is increasing to a point where it negatively impacts the HEX ecosystem. Rather than sit by and watch this happen Richard Heart has opted to take matters into his own hands and create an improved version of the Ethereum network which will be faster and cheaper than the original Ethereum network.
By doing this the PulseChain network will be Ethereum compatible and will be able to make use of many of the existing tools and infrastructure developed for the Ethereum network.
What will happen to the Existing HEX smart contract?
The existing HEX smart contract can never be changed it is immutable. It will continue to run in its current form on the Ethereum network.
How is a new HEX Contract Created?
The existing HEX smart contract will be duplicated on the new PulseChain network. This means all the existing liquid HEX and staked HEX balances will be transported across in their current state at the point in time the migration occurs.
Will we get double the amount of HEX?
As there will now be 2 HEX smart contracts running, one on the original Ethereum network, and a new one on the pulse network, you will in fact have an exact duplicate of your current HEX stakes and liquid balances on both networks.
Will I have two copies of coins or just one?
As above, yes you will have two copies one on the Ethereum network and one on the pulse network however it is important to note that the value of these two contracts and the HEX contained on them will not be the same. Once the duplication is complete the networks will operate independently of each other and the state of the stakes and liquid balances will differ from that point in time onwards.
If I end a stake on HEX (ETH) will it end on HEX (PLS)?
No, as the networks are entirely different as noted above, they will not synchronise and therefore any actions taken on one network will not impact the other.
Why would anyone move to the HEX (PLS) chain?
Much like a network fork the duplication of the HEX smart contract may or may not be contentious, depending upon the social consensus of all HEX users, we may end up with two functioning HEX smart contracts, one on the original network and one on the new PulseChain network. However, the current thinking is that the PulseChain network will be far superior and will take with it the majority of user support, existing infrastructure already built, and the value contained within the HEX ecosystem built out to date.
How much would my HEX (ETH) be worth?
There is no way to know how much the old HEX on the Ethereum network will be worth. If there is enough support garnered to continue to run that smart contract on the original network it may retain some value. History suggests that in circumstances such as this, when wide community support is for the new chain , the value of the old smart contract may go to zero. Ultimately the value of HEX on the Ethereum network will be determined by the market.
I want more details, where can I get these?
There is a lot of planning going on behind the scenes, at present we expect more details to be released towards the end of April. There is still much work to be done and all the finer details will be released as they are known. Sit tight and enjoy the ride, there will be much more discussion as this unfolds.
This post was edited on 5/11/21 at 3:19 pm
Posted on 5/11/21 at 3:16 pm to boomtown143
quote:
Pulse is coming out soon (within weeks).
You will get all your ERC20 tokens copied onto the pulse network (as long as you have them in a decentralized wallet) for free.
Pulse will be cheaper and faster than Eth
This is a really big deal.
Posted on 5/11/21 at 3:44 pm to rocket31
Some are, someone has to hold the bag when whales sell.
I suppose if you are good enough to ride the wave and sell before the collapse you're better off, but man that's a hell of a risk.
Either way, this kinda shite doesn't help the perception of cryptocurrency until things like GME occur more frequently, forcing the world to realize this kinda dumb shite is just part of the market moving forward. Or until it stops
Which it probably won't.
I suppose if you are good enough to ride the wave and sell before the collapse you're better off, but man that's a hell of a risk.
Either way, this kinda shite doesn't help the perception of cryptocurrency until things like GME occur more frequently, forcing the world to realize this kinda dumb shite is just part of the market moving forward. Or until it stops
Which it probably won't.
This post was edited on 5/11/21 at 3:45 pm
Posted on 5/11/21 at 3:47 pm to Hulkklogan
(no message)
This post was edited on 5/11/21 at 3:50 pm
Posted on 5/11/21 at 3:52 pm to Got Heeem
Notice how everything is always compared to ETH. Hmmm
Posted on 5/11/21 at 3:54 pm to jimbeam
quote:
Notice how everything is always compared to ETH. Hmmm
yeah, it is the best we have RIGHT now.
But Vitalek has been saying he'd fix the fee's for years....nothing has happened.
remember yahoo?? then google came along?
This post was edited on 5/11/21 at 3:55 pm
Posted on 5/11/21 at 4:01 pm to Got Heeem
frick, does this mean my staked ETH with coinbase won’t qualify?
Posted on 5/11/21 at 4:01 pm to boomtown143
All you gotta do is find the google out of all the promised ETH killers that have been touted for years
Posted on 5/11/21 at 4:03 pm to jimbeam
quote:
All you gotta do is find the google out of all the promised ETH killers that have been touted for years
so, I give you the same ERC20 coins you have of Eth (for free), on pulse, which is CHEAPER AND FASTER....which chain are you going to buy and sell your tokens on?
None of the ones in your google search started out with tokens on their chain....HUGE DIFFERENCE.
The market will decide...Pulse or Eth
why am I going to pay $100 fee to buy more of a coin when I can pay pennies...and it's faster
This post was edited on 5/11/21 at 4:07 pm
Posted on 5/11/21 at 4:20 pm to lighter345
quote:
frick, does this mean my staked ETH with coinbase won’t qualify?
Correct.
Has to be in a decentralized wallet. (metamask, etc.)
This post was edited on 5/11/21 at 4:21 pm
Posted on 5/11/21 at 4:21 pm to boomtown143
I'm actually interested in this. Can anyone ELI5 how to get the pulse token?
Can I get the airdrop/swap/fork/whatever theyre doing on a coinbase wallet with an ERC 20 token or will I need something else?
Can I get the airdrop/swap/fork/whatever theyre doing on a coinbase wallet with an ERC 20 token or will I need something else?
Posted on 5/11/21 at 4:23 pm to boomtown143
oh I see, so I can buy some ERC20 shite token send it here then swap it?
Posted on 5/11/21 at 4:25 pm to Tiguar
quote:
oh I see, so I can buy some ERC20 shite token send it here then swap it?
no, you would buy it on the pulse chain.
You can buy all the shite coins you want (
)....just won't be a $100 fee. Ethereum wouldn't be involved
This post was edited on 5/11/21 at 4:27 pm
Posted on 5/11/21 at 4:35 pm to boomtown143
oh I see now. It just takes the existing ERC20 token and puts it on pulse instead of eth?
I was hoping to get information on how to acquire this token
I was hoping to get information on how to acquire this token
Posted on 5/11/21 at 4:43 pm to Tiguar
quote:
oh I see now. It just takes the existing ERC20 token and puts it on pulse instead of eth?
I was hoping to get information on how to acquire this token
lol, so you have to do this through decentralized wallet the start (i.e. metamask, etc.). In other words, go open a metamask account and send your ERC20 tokens to it.
2 ways to acquire:
1. Sacrifice faze - 30 day period where you can sacrifice certain tokens (to be named) for Pulse. You will get a larger percentage of Pulse coins the earlier you "sacrifice".
2. You can wait for Pulse to go onto the market and buy at the cost (don't know the starting price yet). This will be available after the sacrifice period is over.
The "sacrifice" phase happens first. So any ERC20 tokens sacrificed for Pulse will not be copied onto pulse chain. After the sacrifice phase, any ERC20 coins that are not sacrificed, you will get a copy of them on the pulse chain.
I believe if you have Eth in a decentralized wallet, you will get some free pulse.
Still don't know the exact details yet.
This post was edited on 5/11/21 at 4:46 pm
Posted on 5/11/21 at 4:46 pm to boomtown143
The market will decide, but it's not nearly as simple as described. ETH has a huge advantage being first in its space, and being known for the decentralization. EIP1559 and sharding have people excited for the future of ETH.
There's a reason no "eth killer" has killed eth yet... Eth has to kill itself, which it will if the devs can't get the fixes implemented.
There's a reason no "eth killer" has killed eth yet... Eth has to kill itself, which it will if the devs can't get the fixes implemented.
This post was edited on 5/11/21 at 4:49 pm
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