- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Official CryptoTalk Thread
Posted on 8/5/21 at 10:37 am to TigerTatorTots
Posted on 8/5/21 at 10:37 am to TigerTatorTots
quote:
I think I'll cry in a bad way if so
If ETH hits 150k it either means the dollar has gone the way of the Venezuelan bolivar or me and my fellow crypto brothers in arms are living on a moon mansion watching asteroids go by
1
Posted on 8/5/21 at 10:37 am to TigerTatorTots
quote:
When is the major dip coming
that pullback was erased just as quickly as it emerged
Posted on 8/5/21 at 10:45 am to Hulkklogan
so what am I missing, I suppose it's early but it still looks inflationary to me and gas is still high?
Posted on 8/5/21 at 10:54 am to rocket31
It's supposedly deflationary after PoS upgrade. It's still inflationary until then. London fork + HODLing for staking is supposed to be the deflationary mechanism. We'll see.
Gas prices may still be high, but they are hopefully more predicable.
Gas prices may still be high, but they are hopefully more predicable.
Posted on 8/5/21 at 10:56 am to BottomlandBrew
gotcha. thanks
Posted on 8/5/21 at 11:02 am to BottomlandBrew
The way I understand it this only reduces the issuance by 30% on average.
Like bitcoin reduces issuance with a halvening... this is half of a halvening.
https://ultrasound.money/
https://www.etherchain.org/burn
You have to burn more than 2 ETH per block to be deflationary, which like you said will be after POS.
Like bitcoin reduces issuance with a halvening... this is half of a halvening.
https://ultrasound.money/
https://www.etherchain.org/burn
You have to burn more than 2 ETH per block to be deflationary, which like you said will be after POS.
Posted on 8/5/21 at 11:50 am to Ross
quote:Assuming BTC rises in a similar or even muted fashion I'll be fine. The fact that I converted triple digits ETH down to single digits over to BTC, if ETH goes to the moon and BTC doesn't, I will be sad.
If ETH hits 150k it either means the dollar has gone the way of the Venezuelan bolivar or me and my fellow crypto brothers in arms are living on a moon mansion watching asteroids go by
Posted on 8/5/21 at 11:51 am to Ross
quote:Oh the mini dip? Major pullback =/= dip. Maybe he misused the wording.
that pullback was erased just as quickly as it emerged
Posted on 8/5/21 at 12:12 pm to TigerTatorTots
BTC has joined the land of green today ^^
Posted on 8/5/21 at 12:19 pm to TigerTatorTots
I highly doubt ETH goes to 150k. In the near future anyway. If it does, good chance BTC is a 7fig tendie.
That said, I would love that by Christmas
That said, I would love that by Christmas
Posted on 8/5/21 at 12:20 pm to TheDuke5524
I'm not going to get another 35k buy am I
Posted on 8/5/21 at 12:22 pm to TheDuke5524
Boom. Looks like it was a shakeout? Who the hell knows… action looking much more promising lately though
Posted on 8/5/21 at 12:30 pm to TigerDeBaiter
Man watching this Sergey keynote. I suggest everybody watch this shite when it’s posted on YouTube later
Posted on 8/5/21 at 1:05 pm to CE Tiger
Will do!
Posted on 8/5/21 at 1:12 pm to rocket31
quote:
I'm not going to get another 35k buy am I
It's Bitcoin. Just watch every Sunday. It is only a matter of time.
Posted on 8/5/21 at 1:14 pm to jimbeam
quote:
I highly doubt ETH goes to 150k. In the near future anyway. If it does, good chance BTC is a 7fig tendie. That said, I would love that by Christmas
Yea zero shot. My brain was just thinking about the "what if"
Posted on 8/5/21 at 1:38 pm to rocket31
EIP-1559 was never going to lower gas fees, just make them more predictable by changing how gas is calculated.
It did implement the burn mechanism, but it's not yet deflationary. EIP-1559 will probably drop ETH inflation from ~4% to maybe 2-3%. Once PoS is implemented, inflation will drop some more. I'm not sure if that's when it's supposed to become deflationary, or if it still needs to hit a certain threshold of chain activity. I think there's a threshold of fees burned (chain activity) that has to be met for it to be deflationary.
ETH gas reduction will come from the move to PoS and the implementation of sharding. That said it'll never be very low. ETH will probably always price out retail investors if they are moving money on chain and not on a roll-up or side chain.
It did implement the burn mechanism, but it's not yet deflationary. EIP-1559 will probably drop ETH inflation from ~4% to maybe 2-3%. Once PoS is implemented, inflation will drop some more. I'm not sure if that's when it's supposed to become deflationary, or if it still needs to hit a certain threshold of chain activity. I think there's a threshold of fees burned (chain activity) that has to be met for it to be deflationary.
ETH gas reduction will come from the move to PoS and the implementation of sharding. That said it'll never be very low. ETH will probably always price out retail investors if they are moving money on chain and not on a roll-up or side chain.
Posted on 8/5/21 at 1:44 pm to Hulkklogan
quote:
EIP-1559 was never going to lower gas fees
interesting but i'm reading all over Twitter that NFTs are causing the high gas fees so this is all temporary?
you do seem informed with this so I'll take your word for it
however, i'm having a hard time wrapping my mind around people using eth when L2s or other chains like Solana will offer lower fees
This post was edited on 8/5/21 at 1:46 pm
Posted on 8/5/21 at 1:57 pm to rocket31
quote:
interesting but i'm reading all over Twitter that NFTs are causing the high gas fees so this is all temporary?
Theres some truth to that, when certain spaces within the network explode gas goes way high for a while, but my point is eth will probably never be as low as like..cents to transact. Never will be BSC cheap.
quote:
however, i'm having a hard time wrapping my mind around people using eth when L2s or other chains like Solana will offer lower fees
Retail shouldn't and probably won't. Whales and institutions will want the network security that most of these sidechains and Rollups can't provide
This post was edited on 8/5/21 at 1:58 pm
Posted on 8/5/21 at 2:17 pm to Hulkklogan
As a 70/20/10 BTC/ETH/ALT guy should I be buying ETH here or wait it out? As a long term Hodl.
Page 1657 of 2241
Popular
Back to top
Follow TigerDroppings for LSU Football News