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Message
re: Official CryptoTalk Thread
Posted on 11/20/21 at 4:18 pm to rocket31
Posted on 11/20/21 at 4:18 pm to rocket31
You think these layer twos will switch out eth with their own tokens to transact? They use Ethereum for their network security, they really can't do that without leaving their network vulnerable.
This post was edited on 11/20/21 at 4:19 pm
1
Posted on 11/20/21 at 4:20 pm to Hulkklogan
quote:
We were talking about scaling the network, but now talking about price action.
Between burning of eth and ever increasing demand for Ethereum block space, I see no reason why price would not continue to go up in the long ter
if you cant effectively scale the network, the price action will suffer. so its obvious related
sure eth will go up never said otherwise. the alpha is to profit maximize however, and eth is the losing hold
sol up 1000%
avax up 1000%
bnb up 125%
ada 90%
all yoy
Posted on 11/20/21 at 4:25 pm to Hulkklogan
quote:
You think these layer twos will switch out eth with their own tokens to transact? They use Ethereum for their network security, they really can't do that without leaving their network vulnerable.
with or without a token, there is no security when the L1 consensus is broken for the L2 defi protocol. that is just obvious and its also centralized. but they will shill the security narrative, they already are, of course
Posted on 11/20/21 at 4:26 pm to rocket31
It certainly will be interesting to see where all of these and ETH L2s will wind up in a year or longer. One problem. A lot of these cheap layer one chains have is profitability. They're having a shell out a whole lot of money to get people to use their chains. They'll eventually have to raise fees and stop paying so much, will people stick around? Maybe. But if layer twos are just as cheap. People may just move to that
Posted on 11/20/21 at 4:28 pm to Hulkklogan
quote:
They'll eventually have to raise fees and stop paying so much, will people stick around?
long term i think this is a race to the bottom as the cheapest, fastest chain will win
i honestly hope ETH stays as top dog, because if AVAX or SOL flips it, i think thats bad news for the entire defi space and at that time im probably sitting on the sidelines
Posted on 11/20/21 at 4:29 pm to rocket31
quote:
with or without a token, there is no security when the L1 consensus is broken for the L2 defi protocol
Well water is wet, but there's no security if your layer one is broken on layer 1 either. Not sure what point you're trying to make there.
quote:
its also centralized
Agreed, it is my largest gripe about the layer two plan moving forward. The big shills kind of gloss over this fact. They mention it but don't hammer it, of course. These layer twos heavily centralize execution
This post was edited on 11/20/21 at 4:32 pm
Posted on 11/20/21 at 4:32 pm to Hulkklogan
yea, idk, i will go to where we can make the most profits and will be bullish on L2 tokens (if/when), but of course, my thesis could be wrong and they do not become a "thing".
This post was edited on 11/20/21 at 4:34 pm
Posted on 11/20/21 at 5:59 pm to rocket31
Gaddamn polygon gas just spiked up, I just paid like 120gwei to transact to buy some avax
$0.06 on Polygon
$0.06 on Polygon
This post was edited on 11/20/21 at 5:59 pm
Posted on 11/20/21 at 6:09 pm to Hulkklogan
survival of the most adaptable 
This post was edited on 11/20/21 at 6:10 pm
Posted on 11/20/21 at 7:07 pm to rocket31
eth and avax maxis have been battling on twitter all week. quality stuff
Posted on 11/20/21 at 9:57 pm to rocket31
What is the ETH maxi argument? It's complete crap.
Posted on 11/21/21 at 3:47 am to tenderfoot tigah
it's mostly "just you wait bro"
then the "most decentralized chain" meme they love to toss around
zhu su on Twitter has been ripping them pretty hard
pulse has a huge opportunity if the bull continues.
then the "most decentralized chain" meme they love to toss around
zhu su on Twitter has been ripping them pretty hard
pulse has a huge opportunity if the bull continues.
This post was edited on 11/21/21 at 3:49 am
Posted on 11/21/21 at 7:49 am to rocket31
quote:sounding like mainnet release is coming in the next month or two
pulse has a huge opportunity if the bull continues.
Posted on 11/21/21 at 9:18 am to OneMoreTime
All of the money is rotating into the AVAX ecosystem. I have some AVAX, and JOE, and I see several other AVAX coins going up. Wondering if I should rotate more money into AVAX... don't want to rotate in as it starts falling.
Solana ecosystem is all going down or stagnant. Not sure if I should rotate my money from Solana to AVAX or hold my Solana for when some rotates back.
Solana ecosystem is all going down or stagnant. Not sure if I should rotate my money from Solana to AVAX or hold my Solana for when some rotates back.
Posted on 11/21/21 at 9:38 am to OneMoreTime
gotcha. could be great timing
This post was edited on 11/21/21 at 9:40 am
Posted on 11/21/21 at 2:02 pm to rocket31
quote:I'm throwing a nice stack at the Pulse launch
pulse has a huge opportunity if the bull continues.
Posted on 11/21/21 at 3:37 pm to umrebel2009
quote:
Solana ecosystem is all going down or stagnant. Not sure if I should rotate my money from Solana to AVAX or hold my Solana for when some rotates back.
I use both and I feel like my user experience is better on SOL.
What are you basing this on?
Wondering what other peoples thoughts are. Seems like SOL would be the most user friendly to onboard "new" people.
Posted on 11/21/21 at 3:49 pm to JayDeerTay84
Nvm
This post was edited on 11/21/21 at 4:44 pm
Posted on 11/21/21 at 8:25 pm to Douglas Quaid
quote:
I wouldn't be surprised if AVAX doubled from here in the next few weeks. MC right now at ~$14B. At $28B it is still well under SOL MC. I'm letting it run.
was in the low $60s then
Posted on 11/21/21 at 9:24 pm to JayDeerTay84
quote:
Seems like SOL would be the most user friendly to onboard "new" people.
yeah, no comparison currently. avax is pretty confusing for a normie but they have a huge community that cant be ignored.
this space is really kinda easy if people take off their maxi goggles
buy the coin where the users go and profit. these trends present themselves pretty early if youre paying attention.
bnb, sol, avax were all like 50 iq plays and luckily for all of us we will have many more opportunities
This post was edited on 11/21/21 at 9:25 pm
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