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re: Official CryptoTalk Thread

Posted on 5/11/21 at 6:35 pm to
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/11/21 at 6:35 pm to
quote:

so, the original code got hacked...keep the base of the code buy update some for improvement.

Fork = take the original code (eth classic)....keep the base of the code buy update some for improvement.


The only difference is the first one got hacked.


Pulse is doing the exact same thing Eth did to Eth Classic.
i.e. making it better


I mean ETH is ETH. A fork is a new project. ETH Classic isnt and wasn't a new project. The major team of ETH stayed with Ethereum to keep improving it.

Pulse is a project copying Ethereum code and doing their own thing with it. Like BNB for example....

This post was edited on 5/11/21 at 6:38 pm
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/11/21 at 6:48 pm to
A fork is taking the base code (Eth Classic) and improving on it (Eth).

A fork is taking the base code (Eth) and improving on it (Pulse).


Doesn't matter who improves the code.


Pulse is to Eth, what Eth is to Eth Classic.


call it what you want...one is improving on the other.
This post was edited on 5/11/21 at 6:50 pm
Posted by flyAU
Member since Dec 2010
24900 posts
Posted on 5/11/21 at 6:52 pm to
How would I buy Shib? Binance takes forever in verification
Posted by Future Islands
Member since May 2020
64 posts
Posted on 5/11/21 at 6:58 pm to
(no message)
This post was edited on 5/18/21 at 9:51 am
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/11/21 at 7:01 pm to
quote:

So what do you think is gonna happen to ETH?


Eth 2.0.


I invest in a lot, but we have to be real about this. ETH is the 1st mover in the smart contract and DEFI space. If ETH 2.0 does what it says, gonna be hard for another project to overtake them for some time.

Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/11/21 at 7:09 pm to
i dont think any project will overtake ETH anytime soon, but can they steal market share? yes. binance smart chain already took a chunk

like you said, it really comes down to ETH 2.0... which really just seems like a marketing gimmick at this point. its already had numerous delays

Posted by DowntheBayouTiger
Atlanta, GA
Member since Oct 2009
817 posts
Posted on 5/11/21 at 7:18 pm to
crypto.com app
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/11/21 at 7:20 pm to
quote:

i dont think any project will overtake ETH anytime soon, but can they steal market share? yes. binance smart chain already took a chunk

like you said, it really comes down to ETH 2.0... which really just seems like a marketing gimmick at this point. its already had numerous delays


While true, all these others outside of DOT and ADA are just clones of ETH which haven't solved ETH's major problem either. Scalability.

Long game I like DOT and ADA for the Blockchain 3.0 space.

You are right about BNB. Being that they are an exchange and also have their own ecosystem, if I was to speculate on a new short term #2, it would be BNB.
Posted by 21JumpStreet
Member since Jul 2012
14873 posts
Posted on 5/11/21 at 7:21 pm to
Probably a dumb question but what's the end game with something like Ethereum? It has an unlimited max supply as well right?
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/11/21 at 7:25 pm to
quote:

Long game I like DOT and ADA for the Blockchain 3.0 space.

You are right about BNB. Being that they are an exchange and also have their own ecosystem, if I was to speculate on a new short term #2, it would be BNB.


yeah, hard to argue against that. i also like SOL as a sleeper pick as Sam is making waves with Ftx
Posted by rocket31
Member since Jan 2008
41887 posts
Posted on 5/11/21 at 7:29 pm to
quote:

It has an unlimited max supply as well right?


vitalik changed the monetary issuance policy. so while the supply is unlimited, they are now planning to burn coins to make eth deflationary, which would then decrease the total supply each year

they are calling it "ultra sound money" - this is scheduled for july
This post was edited on 5/11/21 at 7:31 pm
Posted by slackster
Houston
Member since Mar 2009
91472 posts
Posted on 5/11/21 at 7:36 pm to
quote:

That’s what I intended to do but looking at the tax form, they want you to list explicit transactions like you would stonks.

Sort of annoying


You don’t report when you buy/sell money market funds though (I would consider stable coins the crypto equivalent). The IRS typically only cares that the gains match up.
This post was edited on 5/11/21 at 7:38 pm
Posted by Tiguar
Montana
Member since Mar 2012
33131 posts
Posted on 5/11/21 at 7:40 pm to
Roger that friendo.
Posted by Douglas Quaid
Mars
Member since Mar 2010
4120 posts
Posted on 5/11/21 at 7:58 pm to
quote:

Scalability


IOTA
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/11/21 at 8:00 pm to
quote:


yeah, hard to argue against that. i also like SOL as a sleeper pick as Sam is making waves with Ftx

This bigly imho
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/11/21 at 8:01 pm to
quote:

Eth 2.0.


I invest in a lot, but we have to be real about this. ETH is the 1st mover in the smart contract and DEFI space. If ETH 2.0 does what it says, gonna be hard for another project to overtake them for some time.


so how long to we have to wait?? it's been 2+ years

Meanwhile, in the real world...you see more and more people talking like this..
https://twitter.com/ZssBecker/status/1392121649642803200





Eth maxi's about to be coming out in full force
This post was edited on 5/11/21 at 8:03 pm
Posted by GeneralLee
Member since Aug 2004
13956 posts
Posted on 5/11/21 at 8:01 pm to
Is Cardano a buy at these levels?
Posted by maclauer
Member since Nov 2011
4765 posts
Posted on 5/11/21 at 8:06 pm to
I personally have never had an interest in ADA
Posted by boomtown143
Member since May 2019
9407 posts
Posted on 5/11/21 at 8:16 pm to
quote:

I personally have never had an interest in ADA


No smart contracts
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/11/21 at 8:19 pm to
The question was what will happen to ETH, not what is better in theory.

Until other projects release a viable alternative AND people switch, ETH will be #2. It’s not being a maxi. It’s being realistic.
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