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re: Official CryptoTalk Thread
Posted on 8/5/21 at 4:53 pm to Hulkklogan
Posted on 8/5/21 at 4:53 pm to Hulkklogan
pancake swap truly feels to good to be true sometimes and it's still not kyc 
figure they squash are yields eventually
figure they squash are yields eventually
1
Posted on 8/5/21 at 5:00 pm to rocket31
gold continues to be a dud while crypto is shining again. love to see it
Posted on 8/5/21 at 5:16 pm to Scooba
quote:
I’m debating DCA’ing into Cardano
For the last 6 months or so, I’m holding only Cardano and Ethereum. My plan is to let Ethereum run away a bit more, then swap a nice chunk to Cardano, as it should see a similar pump in the very near future. Then balance back into BTC if the price is right.
Posted on 8/5/21 at 6:15 pm to CecilShortsHisPants
Posted on 8/5/21 at 8:15 pm to CE Tiger
Interesting tidbit, the first deflationary block on Ethereum happened today.
Anything over 2 ETH in that block was tips/extra gas given to miners, not newly created ETH.
Looks like gas has to be ~160 Gwei to produce deflationary blocks currently. That's some real 'spensive transactions to be deflationary.
Once PoS is live that should be reduced, I think.
Anything over 2 ETH in that block was tips/extra gas given to miners, not newly created ETH.
Looks like gas has to be ~160 Gwei to produce deflationary blocks currently. That's some real 'spensive transactions to be deflationary.
Once PoS is live that should be reduced, I think.
This post was edited on 8/5/21 at 8:19 pm
Posted on 8/5/21 at 8:56 pm to Hulkklogan
Heard over 3K ETH got burned so far today, and the day isn’t over.
Posted on 8/6/21 at 7:52 am to Hulkklogan
Basefee looks to be settling around the low 30's.
Currently less than 5% of transactions are using the new EIP1559 transaction type. Adoption will slowly rise.
And here you can see the huge NFT spike soon after 1559 went live:
https://dune.xyz/msilb7/EIP1559-Base-Fee-x-Tip-by-Block
After that spike the Basefee seems more stable.
Yesterday 4 times the amount of issuance would have been burned if PoS.
Currently less than 5% of transactions are using the new EIP1559 transaction type. Adoption will slowly rise.
And here you can see the huge NFT spike soon after 1559 went live:
https://dune.xyz/msilb7/EIP1559-Base-Fee-x-Tip-by-Block
After that spike the Basefee seems more stable.
Yesterday 4 times the amount of issuance would have been burned if PoS.
Posted on 8/6/21 at 8:04 am to tagatose
Block rewards have been close to what EIP 1559 proposed for the past 2 months so I wouldn't have expected the gas fee to drop much lower as block rewards were already 2.1 - 2.6 eth.
It should, however, make it much more stable and you wont see the big spikes anymore like a 10 eth block reward for an example.
It should, however, make it much more stable and you wont see the big spikes anymore like a 10 eth block reward for an example.
Posted on 8/6/21 at 9:00 am to JayDeerTay84
So this ETH change was a hard fork or soft fork?
Posted on 8/6/21 at 9:38 am to TigerTatorTots
Fidelity’s Raghav Chawla , Director Product Management, speaking at SmartCon right now.
They let people buy lunch at the Fidelity cafeteria with BTC back in 2015. Expensive lunches
They let people buy lunch at the Fidelity cafeteria with BTC back in 2015. Expensive lunches
Posted on 8/6/21 at 10:22 am to CE Tiger
I contacted my senators and urge anyone so inclined to do the same to support the Senator Wyden, Toomey, and Lummis’s amendment to H.R. 3684 instead of the competing amendments which will seriously hamper the ability to comply with the law for large sectors of the crypto space.
This is the amendment that specifically exempts miners, stakers, software developers, and wallet providers from reporting requirements.
This is the amendment that specifically exempts miners, stakers, software developers, and wallet providers from reporting requirements.
Posted on 8/6/21 at 10:29 am to Ross
12,000 minted
infinite supply still intact
seems like fiat to me
infinite supply still intact
seems like fiat to me
Posted on 8/6/21 at 10:35 am to rocket31
We movin men
Posted on 8/6/21 at 10:41 am to Huge Richard
Finally added some of this to my portfolio. Went with BITQ as I don't know much about it and wanted to play it a little safer. Anyone else do that?
Posted on 8/6/21 at 10:44 am to Aubie Spr96
I'll look at adding BITQ into my Roth perhaps, not sure what is inside of the ETF though.
BTC making some moves today. I've heard we don't expect mountains of resistance between 41k and 50k.
BTC making some moves today. I've heard we don't expect mountains of resistance between 41k and 50k.
Posted on 8/6/21 at 10:45 am to rocket31
quote:
12,000 minted
infinite supply still intact
seems like fiat to me
I don't disagree and I don't hold it for store of value reasons. I think the amount of ETH that gets staked or pulled into DeFi does apply deflationary pressures though. BTC is my chief holding by a good margin because I just want a vehicle to store my wealth.
I just wanted direct DeFi exposure through the token.
This post was edited on 8/6/21 at 10:46 am
Posted on 8/6/21 at 10:53 am to Ross
ETH represents a network.
It's not money... not a store of value... not digital gold.
Its just a stock share of an incentivized decentralized network.
Ultrasound money meme is just to trigger bitcoiners.
It's not money... not a store of value... not digital gold.
Its just a stock share of an incentivized decentralized network.
Ultrasound money meme is just to trigger bitcoiners.
Posted on 8/6/21 at 11:07 am to Ross
quote:Same. Not sure if it will do anything but the legislation in the competing amendment will put an end to Defi and node operators.
I contacted my senators and urge anyone so inclined to do the same to support the Senator Wyden, Toomey, and Lummis’s amendment to H.R. 3684 instead of the competing amendments which will seriously hamper the ability to comply with the law for large sectors of the crypto space.
Posted on 8/6/21 at 11:20 am to TigerTatorTots
Not that I’m looking, but damn it’s hard to find some good ole FUD these days. It’s dried up!
Fortune article stating BTC mining now most profitable business on Earth.
Mining
Fortune article stating BTC mining now most profitable business on Earth.
Mining
Posted on 8/6/21 at 11:24 am to TigerTatorTots
They don’t have the technology to end DeFi. It’s literally not possible.
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