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re: Official CryptoTalk Thread

Posted on 4/30/22 at 6:39 pm to
Posted by MrSpock
Member since Sep 2015
5084 posts
Posted on 4/30/22 at 6:39 pm to
Boeing

Posted by James11111
Walnut Creek, Ca
Member since Jul 2020
5530 posts
Posted on 4/30/22 at 7:18 pm to
I guess I’m not talking about drop as much as increase. Either way the charts are not going to be accurate. It could all go down 50% but it’s not gonna be because of Following a pattern. There is no pattern with crypto that you can follow accurately and make money.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 5/1/22 at 4:43 am to
Wow. Those charts show just how much money the Democrat Globalist groomers have cost Americans.
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/1/22 at 8:03 am to
Daily chart for BTC is ugly

every market is essentially predicting and getting ahead of a recession. Good times for steady accumulation at least
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/1/22 at 8:19 am to
quote:

Eth 2.0 isnt even going to lower gas fees it does nothing to address the main issue people have with eth its to damn expensive to transact

do majority people care about the blockchains energy usage or do they care about how much it cost for them to transact on the blockchain?


The future of Ethereum user transactions is not at L1. The sooner you wrap your head around L2s and modular vs monolithic blockchains the sooner you understand the future of Ethereum and, IMO, the future of all blockchains.

"ETH 2.0" isn't even a thing anymore.
This post was edited on 5/1/22 at 8:36 am
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 5/1/22 at 10:39 am to
quote:

The future of Ethereum user transactions is not at L1. The sooner you wrap your head around L2s and modular vs monolithic blockchains the sooner you understand the future of Ethereum and, IMO, the future of all blockchains.

"ETH 2.0" isn't even a thing anymore.


Then ETH has a very limited future. It may also become only a store of value. The entire blockchain will be copied over this month onto Pulsechain and if I were a developer and heard this, I would just move the project over completely.
This post was edited on 5/1/22 at 10:40 am
Posted by makersmark1
earth
Member since Oct 2011
20568 posts
Posted on 5/1/22 at 10:41 am to
I’m a novice at “digital currency.”

I am looking at buying COIN (Coinbase) as a stock.

It looks like it has earnings.

What are some of the risks I need to think through before buying some COIN stock?

I think the market for this will grow, and buying stock in an exchange may be easier for me to understand than the coins themselves.
Posted by FnTigers
Member since Sep 2021
2627 posts
Posted on 5/1/22 at 10:46 am to
Not telling you what to do, but bear market is in full effect. No way I'd be investing in Coin right now. I wouldn't invest ever, but certainly not now.

Not financial advice, but you can probably buy it a lot cheaper in months to come.
Posted by makersmark1
earth
Member since Oct 2011
20568 posts
Posted on 5/1/22 at 10:49 am to
I’m not thinking of a big investment.

Just sort of interested in the concept.

Could it be an inflation hedge?
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 5/1/22 at 11:36 am to
Have you seen the trend? It's absolutely not an inflation hedge.
Posted by makersmark1
earth
Member since Oct 2011
20568 posts
Posted on 5/1/22 at 12:04 pm to
P/E is 7.

Are the earnings real?

Sustainable?
Posted by Ross
Member since Oct 2007
47827 posts
Posted on 5/1/22 at 12:17 pm to
The sustainability of Coinbase’s model as far as transaction fees is very shaky to me. Lot of competition coming to that space and not only from other centralized exchanges, but decentralized exchanges as well.

Decentralized platforms like Bisq provide for fiat off ramps without using my an exchange, and competition of that sort isn’t going away.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/1/22 at 12:27 pm to
What I meant is ETH 2.0 was just marketing.

The merge with beacon chain (move to PoS) is still coming, but they've changed how it's discussed as too many people were under the impression that "ETH2.0" was going to magically fix everything, which it never was. Money and projects need to move to L2 solutions.

Modular blockchains are the only way to solve to blockchain trilemma.
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 5/1/22 at 7:57 pm to
Vitalik is smart enough to know he has to do something after the POS change. I have heard him talk about sharding for one. With hardware improving over the years, he can make changes to the block size and time to also help the backlog.
This post was edited on 5/1/22 at 7:58 pm
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/1/22 at 8:33 pm to
The roadmap does include sharding, but they are specifically optimizing it for L2/rollups.

The entire roadmap is now based around moving all user transactions to L2s/rollups and letting Ethereum L1 be a settlement layer.

Effectively: Vitalik and the Ethereum Foundation want to keep making Ethereum lighter and lighter to run nodes. They cannot decrease block times or increase block sizes much more without sacrificing that end goal of decentralization (we're talking about wanting to make a raspberry pi be a validator) so the answer to scalability while maintaining as much decentralization as possible is: modularity. That's not to say that there aren't potential problems and pitfalls in this method, though.

For example..Currently, all L2 chains are highly centralized. Centralizing block production is less risky than centralizing block validation, but it's still a pain point. zkSync is a community-led project and they'll be airdropping a token for governance, so I'm banking in them being most decentralize at L2. Starknet is going to have decentralized nodes too so maybe it'll be viable, too.

This post was edited on 5/1/22 at 8:48 pm
Posted by tenderfoot tigah
Red Stick
Member since Sep 2004
11537 posts
Posted on 5/1/22 at 9:32 pm to
Keep us posted so we can make money on these launches with you.
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58327 posts
Posted on 5/1/22 at 10:04 pm to
I agree with that. We all like money. But that roadmap looks like a map of the next 150 years at their pace. We will be long and dead.
Posted by Hulkklogan
Baton Rouge, LA
Member since Oct 2010
43482 posts
Posted on 5/2/22 at 7:57 am to
yeah...

A few months ago Vitalik said he could see 5-7 years to complete all of that. I think that's optimistic. Once the merge happens, Sharding is the next big thing and that's also pretty difficult to implement.


People hate how long its taken ethereum devs to pull PoS change off, but I take it as a sign of how seriously they're taking it, and having a long-term view.
This post was edited on 5/2/22 at 8:15 am
Posted by CarRamrod
Spurbury, VT
Member since Dec 2006
58327 posts
Posted on 5/2/22 at 10:28 am to
quote:

People hate how long its taken ethereum devs to pull PoS change off, but I take it as a sign of how seriously they're taking it, and having a long-term view.
I take is as they are making a frick ton of money and no real competition yet. And the outrageous gas is withing the past year or 2. They have been saying a POW change for what 6-7?
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 5/2/22 at 10:34 am to
The more I can mine the better~!
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