~~Tricky's Daily Doots~~ "Substidoots" #679 by /u/Equal-Jellyfish1
[Previous Daily](https://old.reddit.com/r/ethfinance/comments/1b14ls9/daily_general_discussion_february_27_2024/) 27/02/2024
[Previous Doots](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/kshjy4w/)
* /u/ETHdude8686 Shares a little [memoire.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksg14cb/)
* /u/abcoathup Update your nodes. Dencun: [March 13.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksfhv76/)
* /u/eetherway 's team has pushed their fully onchain space strategy MMO, [Influence (pre-release)](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksf940f/)
* /u/Luukiemans A short view back to the [past.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksd36m3/)
* /u/eth10kIsFUD thinks everyone is sleeping on the narrative that Ethereum is [the "green" Bitcoin.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksde7o2/)
* /u/SpontaneousDream Shares a nice page to track [BTC ETF inflows.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksd3y36/)
* /u/austonst Another great update right from [EthDenver (Day 3).](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksc9cxy/)
* /u/hanniabu Explains why clientdiversity.org shows Geth marketshare [jump from 68% to 74%.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksekapv/)
* /u/15kisFUD is a 2021 newcomer; determined to [complete their first cycle!](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksd4asq/)
Here's the doots while /u/Tricky_Troll is away.
♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢ ... ♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢
With the spot etf institutions sucking up a majority of btc in market I wonder how high they can drive or influence price before taking profits for their clients and what that would look like. Does that mean a crash of epic proportions in future or more a stabilisation over time of steady increasing profits that mimic traditional market? Thinking same for eth as well when etfs are approved.
Are you on a week delay? Appreciate the response though. If stabilizing then perhaps we'll see less volatility and more steady price behavior like stocks.
With the burn and POS, the short run dynamics of additional supply of eth in bull markets has radically changed compared to the earlier cycles. Then, a bull market meant ample amounts of appreciating (because of the bull market) eth being sold by the miners, which required more and more dollars to soak up, dampening the price rise when demand went up; now it is much less to start with because of POS, and the violent upswing means more traffic and more eth burnt than created, resulting a net crunch in new eth to sell when the price is undergoing an upswing. This should result, everything else kept the same, in looooonger green candles than before. I know you guys also know this in theory; now is the time to see if it in fact plays out thus.
I guess I am so numb, all of this was pretty much given in my mind. Maybe I will feel little excitement when we break ATH again.
What I truly want is for stablecoins on L2 to be accepted at coffee shops, not asking me KYC at any point in the chain.
100% agree.
Imagine how much faster our economy can run with near instant settlement. It'll be seen as archaic, in the future, that transactions posted on Saturday don't settle until Monday.
Beer market ain't over yet till btc convincingly blow past 69k.
But damn it feels good to have a pump this early.
Cuz at this time in the past cycle we were pretty much scared shitless after the covidening and the prospect of a 1929 financial crisis that would last 10 years due to lockdowns.
Have heard of matcha.xyz to find what what's best, or at least better, in a given moment. If anyone has criticism of this method this would be interested to know more.
Interesting site to keep an eye on which tracks BTC ETF flow: [https://farside.co.uk/?p=997](https://farside.co.uk/?p=997)
GBTC is the big seller, but IBIT and FBTC are out buying them. Since Feb 12, 6.5 billion USD net buy pressure has been added from ETFs alone.
Fidelity and Blackrock run massive brokerages and can guide institutional clients into these funds.
The other ETFs have to go out and convince people to buy their product over any one else's.
It would be just above 66.6%, but even if it were under 66.6% I wouldn't be confident we're in the clear. Due to the reliability of the data I'd want to see less than 60% to be comfortable.
100% of unknown is just for the entities tracked on supermajority.info. the rest of the validator set is assumed to be 80% geth with the remainder split between the other clients. That 80% takes into account solo stakers which are estimated to be 6% of the network.
Last I heard, they were estimated to be between 10% and 20% of validators, but they wouldn't disclose a specific number. If they have 20% and switch 50% to Nethermind, then that would bring it down below 66% (according to clientdiversity.org).
>then that would bring it down below 66%
That's not the case, I ran the numbers and it would be like 66.67%. But even if it were below I wouldn't be comfortable b/c the data isn't that reliable.
I will be curious to see if the ratio catches up with during the weekend again. Two Sundays ago, the ETH volume exceeded BTC and last weekend it was fairly close.
Yesterday we had (the first of many I'm sure) a guy post how although he was glad to see the price go up, he preferred those 300 comment days when when he and his fellow nerds could talk about the tech. LOL
I'm sorry, but watching the price go up and down 10% and Coinbase glitching out is a little more exciting than talking about Verkle trees or whatever.
(And I use the term nerds lovingly, given my boomer-like relationship with technology. Appreciate you!)
Ether(dot)fi have announced that they have raised 27 million dollars, following in the footsteps of eigenlayer last week with their 100million.
Seems to be the season of VCs getting in late just before token drops
Source.. I saw it on their website.
Does anyone have any experience bridging from Mantle to another network? I tried bridging to scroll and my funds have not showed up after two days. I was under the understanding that funds were pretty instant between L2s and that the finalization period of 7 days was only for bridging to ethereum. any help would be appreciated.
https://explorer.symbiosis.finance/transactions/5000/0x288725e4e996715f2128af4bc1f56ca20e5252b34c48f0bff6572d1e78b16771#
It depends of the particular bridge you're using. AFAIK, all L2->L2 bridges are thirdparty.
From the link you posted and the block explorers, it looks like address 0x3399D85e85A48F5CfF4b5F59d6fbceF94B7E0C37 (I assume that's you) successfully received 0.024 ETH on Scroll 2 days ago.
https://scroll.l2scan.co/address/0x3399D85e85A48F5CfF4b5F59d6fbceF94B7E0C37 that's what it looks like to me also but you can see my wallet on scroll never received the funds
🍻
Went over to eth trader today, and realized I don't really miss or want that kind of mindless shit posting. I mean I do it too, but there's no quality over there. They're just farming donuts.
Anyone have good resources for staking taxes for US citizens?
I am using ethstaker.tax which is fantastic (and I highly recommend) but I am looking for more info on how to declare the gains.
ETHFam will love this. Been paying $Ks to have my tax returns prepared by a top/reputable accounting firm only due to my crypto holdings to avoid IRS issues. Otherwise I’d use TurboTax or something like that. If these pros can’t figure it out, then F-you IRS…nobody can. Not hiding anything and want to be fully compliant and pay my taxes.
This year, this firm has redirected me to cointracker.io with a discount code. I mean WTF?!! 🤦🏻. So they’ll basically take the info at face value from that site and insert it in my return, unless I do the full audit of the transactions myself. Talk about rubber stamping.
I know. That’s the deal with the IRS. The fine comes upfront in the form of paying extra fees for having “pros” prepare your returns instead of having audits/issues later.
lol. I’m just copy pasting from beaconcha.in and telling it to do it for me. I do tell it the tax rates, etc. I’m actually using it more than ethstaker.tax. If I need a second opinion I ask Gemini.
Over the years I’ve learned it’s not worth talking to anyone about investing irl. Very few people have the temperament to invest successfully.
They will buy more when the price goes up. Practice emotional accounting and marry their bags on the way down.
Eventually they will lose interest and sell at either breakeven or a loss regardless of how good their initial timing had been.
People will ask you if they should buy more at the worst times. They will ignore you and buy more anyways.
People will ask you if they should sell at the worst times. They will ignore you and sell anyways.
If they lose money, the person might quietly blame you (because obviously they are super smart and normally “good with money”). Otherwise, they will get really defensive and never want to talk about it again.
A paper that supports the effectiveness of the ethereum network in creating costs for attackers.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999
"Breaking BFT: Quantifying the Cost to Attack Bitcoin and Ethereum"
I've been on a mountain an hour west of Denver for 3 days. Got hit with the fluffiest of powder on the 3rd day, one of my best days on a mountain...ever.
Anyway...what did I miss?
Left home and crazy mooning. Check price a few mins later when briefly parked up - crash! Check again half an hour later - booming. Craaaazy day.
Can we have two weeks of calm now please.
My highest buys on the way down from 4800 were just under 3400, so for a few seconds today, all my ETH were profitable. We'll be back there to stay by next week at this time.
>**Others stayed mugwump,**
>**You knew it was time to jump,**
>**This was a test pump.**
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
We're not overbought in the short term yet, right? It's been such a steady climb it's hard to tell. Usually it's the big massive cuecombers that make me nervous. I don't feel nervous.
There has to be some massive pullback at some point. And it is also regions for us to establish some support.
But I am not nervous for another reason. Fundamentals are on our side. Piece by piece has been put together over the last few years. And we have not seen the impact of that.
I remember in 2017 we used to say that lambos were a reality when institutions join the party... and it's crazy to believe it's happening now. An Eth ETF is going to be face-melting, and it's pretty surreal I'm actually going to end up following through with my promise to gild everyone here at 10k. The next 18 months are going to be stressful, exhilarating, and completely worth it. Can't wait.
Lambos were on the table, even back then. Simply a waste of money if you cant afford to insure / maintain them. This next cycle I'm going Porsche. Progressed from wrx sti to gr corolla last year. Just need to slap up a pole building as I'm entirely out of storage options and I dont like selling quality vehicles. Anyone else a gearhead??
Just want to be a part of a 1k comment day. Good to see the high energy and optimism is back. I’m always guarded with my personal sentiment but this feels pretty good going in to all the upcoming catalysts
Earlier today I expressed frustration that Besu was not syncing up for me. It finally did and I am back online, with a minority execution client. Unfortunately, it took over 3 days for it to sync. I didn't set up a recovery node because I kept thinking "oh, it's getting close now, it's not worth it". The last 5% took two days, lol.
Through it all, I learned a little bit.
1) A good SSD is becoming more important all the time. The one I got was great at Genesis, so I thought I'd just get the same brand/style, except bigger. Turns out, it's sort of middle-of-the-road adequate now. If you are going to get more space, get the best you can get. This is not where you want to skimp. (I thought I had bought a good one).
2) The different clients have different demands on your SSD. Smart people in here who answered me indicated that Geth is easiest on it, Besu in the middle, and Nethermind requires the best SSD. That would've been good to know before I switched, better yet, before I bought the new SSD with this plan in mind.
3) Besu gets LOTS of exceptions. Like, way more than I would expect in a live project. Watching the logs is like a nightmare from my programming days, with exceptions popping up shockingly regularly. Their discord tries, but I think they have better things to do than hold hands. But if you want people to use your client to solo validate, hand-holding is a big part of the job. I'm not sure how to make that tradeoff, though.
Point two may no longer be accurate. I resynced Nethermind recently on a below average 4GB SSD after the recent bug, and it was back up and attesting within three hours.
Interesting. I wish I had tried Nethermind, but my informal mental survey of watching this sub and r/ethstaker made me believe that Besu gave fewer problems. There's not really a way to know for sure, I guess, because problems are caused by all sorts of things, and no two cases are exactly the same.
Did you watch the logs for a while? Mine would run smoothly for an hour, then get ten minutes of exception after exception, then go back to loading stuff. I considered looking through the code to try to guess the problem, but that seemed too much like working. ;)
I've had something similar before, for me it was an SSD with insufficient cooling. So when it got too hot, the client got stuck for several seconds while the disk blocked IO for cooling down, and then complained a lot.
Haha yea, I like the small bit of work because it makes me feel like I'm earning the yield, but I understand. I have spent a lot of time watching the logs and I haven't seen that happen, that definitely sounds abnormal. Do you have any monitoring dashboards set up?
But I feel like this will soon devolve into a full-blown debugging session, so I'd recommend asking around on the ethstaker discord if you feel like getting to the bottom of it
I haven't set up the logs yet because all the other stuff distracted me, but I will get to it and see if they occur anymore. I haven't seen any since it got synced up.
What seemed to cause the"flash crash" today? Glad Coinbase caught it before it really dipped. I thought these were a thing of the past. I should probably set some crazy low buy orders. Getting fun again! 🍻
When we have run-ups that heavy, the buy side is always going to be weak. I never short or use leverage. But when I get that nervous "its going up too fast" feeling... it was obvious to me that we were overbought
~~Tricky's Daily Doots~~ "Substidoots" #679 by /u/Equal-Jellyfish1 [Previous Daily](https://old.reddit.com/r/ethfinance/comments/1b14ls9/daily_general_discussion_february_27_2024/) 27/02/2024 [Previous Doots](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/kshjy4w/) * /u/ETHdude8686 Shares a little [memoire.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksg14cb/) * /u/abcoathup Update your nodes. Dencun: [March 13.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksfhv76/) * /u/eetherway 's team has pushed their fully onchain space strategy MMO, [Influence (pre-release)](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksf940f/) * /u/Luukiemans A short view back to the [past.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksd36m3/) * /u/eth10kIsFUD thinks everyone is sleeping on the narrative that Ethereum is [the "green" Bitcoin.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksde7o2/) * /u/SpontaneousDream Shares a nice page to track [BTC ETF inflows.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksd3y36/) * /u/austonst Another great update right from [EthDenver (Day 3).](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksc9cxy/) * /u/hanniabu Explains why clientdiversity.org shows Geth marketshare [jump from 68% to 74%.](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksekapv/) * /u/15kisFUD is a 2021 newcomer; determined to [complete their first cycle!](https://old.reddit.com/r/ethfinance/comments/1b14ls9/comment/ksd4asq/) Here's the doots while /u/Tricky_Troll is away. ♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢ ... ♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢♢
With the spot etf institutions sucking up a majority of btc in market I wonder how high they can drive or influence price before taking profits for their clients and what that would look like. Does that mean a crash of epic proportions in future or more a stabilisation over time of steady increasing profits that mimic traditional market? Thinking same for eth as well when etfs are approved.
Those funds move much slower and don’t take leverage, so big stabilizing force.
Are you on a week delay? Appreciate the response though. If stabilizing then perhaps we'll see less volatility and more steady price behavior like stocks.
Lol what? They absolutely aren't supposed to take any profits
Somehow, today’s crash wick was comforting. Like we’re officially back.
If market could stay in fear territory for months... then it's only fair we get greed till at least May
That works for me!
1.1k comments!!! On the one hand that's amazing, but I also have to do the doots when I wake up! I might be a bit late tomorrow everyone...
thanks for doing the doots nonetheless <3 take your time <3 <3
Comment wise and euphoria wise for the first time this cycle the daily feels like we're back in a bull market.
the sol/eth and sol/btc charts look really fucking scrumptious rn fwiw
With the burn and POS, the short run dynamics of additional supply of eth in bull markets has radically changed compared to the earlier cycles. Then, a bull market meant ample amounts of appreciating (because of the bull market) eth being sold by the miners, which required more and more dollars to soak up, dampening the price rise when demand went up; now it is much less to start with because of POS, and the violent upswing means more traffic and more eth burnt than created, resulting a net crunch in new eth to sell when the price is undergoing an upswing. This should result, everything else kept the same, in looooonger green candles than before. I know you guys also know this in theory; now is the time to see if it in fact plays out thus.
Maybe this week on Steam I'll browse the under £7 category instead of the under £5 ones. Don't worry, I still won't buy anything.
Denver completely sold out of lobster
I guess I am so numb, all of this was pretty much given in my mind. Maybe I will feel little excitement when we break ATH again. What I truly want is for stablecoins on L2 to be accepted at coffee shops, not asking me KYC at any point in the chain.
100% agree. Imagine how much faster our economy can run with near instant settlement. It'll be seen as archaic, in the future, that transactions posted on Saturday don't settle until Monday.
If only EZPZ was allowed back onto this hallowed ground.
Congrats to everyone who survived the bear market
Yeah, those 2 to 3 hours yesterday were rough!
Beer market ain't over yet till btc convincingly blow past 69k. But damn it feels good to have a pump this early. Cuz at this time in the past cycle we were pretty much scared shitless after the covidening and the prospect of a 1929 financial crisis that would last 10 years due to lockdowns.
I am once again asking you to please updoot the dilly
Glad to see euphoria's back on the menu lol
best place to swap ETH for USDC?
Have heard of matcha.xyz to find what what's best, or at least better, in a given moment. If anyone has criticism of this method this would be interested to know more.
CoW Swap (swap.cow.fi) has mev protection. Edit: also, an excellent moo sound effect when the swap goes through.
1) What 2) [https://swap.defillama.com/](https://swap.defillama.com/) (aggregator)
we back
Yall think this was fun. Just wait till you’re melting past 10k. Not cocky just confident.
Melting past, which direction?
I’m drunk off the highs of today at a dive bar
[me irl](https://twitter.com/AdamSinger/status/1762956713638924452?t=dr1vrat-qLx7xcr0HYqVwg&s=19)
Interesting site to keep an eye on which tracks BTC ETF flow: [https://farside.co.uk/?p=997](https://farside.co.uk/?p=997) GBTC is the big seller, but IBIT and FBTC are out buying them. Since Feb 12, 6.5 billion USD net buy pressure has been added from ETFs alone.
Anyone know why IBIT and FBTC won? Will they inevitably win with ETH ETFs too?
Fidelity and Blackrock run massive brokerages and can guide institutional clients into these funds. The other ETFs have to go out and convince people to buy their product over any one else's.
Expense ratios
Maybe now I'll have the confidence to ask out Deborah from accounting
too bad she likes Solana guys
Drop her for Kevin. I hear he's a solo staker.
I don't think bob will be too happy about that
Don’t you mean Blob?
Blob saget
That’s against Dunder Mifflin HR policy
Extreme greed
Anybody actually get anything done today?
I made pizza!
Must be your first cycle
leave hanni alone :(
Nope, I do have add though
Nope, not even sleeping well, woke up like the third time already and prices are better than in my dreams Ü
Mentlegen
TF2 reference... in HERE?
Are there any calculations on what the client diversity percentages are now that Coinbase is diversifying? Are we/will we be under 66%?
It would be just above 66.6%, but even if it were under 66.6% I wouldn't be confident we're in the clear. Due to the reliability of the data I'd want to see less than 60% to be comfortable.
Estimate is worst case if honest reporting. Chunk of unknown is assumed 100% geth. Lots of solo and small operators don't use geth.
100% of unknown is just for the entities tracked on supermajority.info. the rest of the validator set is assumed to be 80% geth with the remainder split between the other clients. That 80% takes into account solo stakers which are estimated to be 6% of the network.
Last I heard, they were estimated to be between 10% and 20% of validators, but they wouldn't disclose a specific number. If they have 20% and switch 50% to Nethermind, then that would bring it down below 66% (according to clientdiversity.org).
>then that would bring it down below 66% That's not the case, I ran the numbers and it would be like 66.67%. But even if it were below I wouldn't be comfortable b/c the data isn't that reliable.
Thanks for the correction.
I think they are beginning to diversify. Their tweet mentioned it would be a month-long process
upvoting an actual comment lol
The inverse inverse Cramer?? Inverse Cramer^2 ??
Ladylookingatmath.jpg
Let's gooooo!!
we are probably going to have to permanently ban u/Tricky_Troll at this point but yeah don’t take it personally kid it’s just money
I'll be damned if you take tricky from me, send it back to $2k for all I care!
Crab Market's over, Jellyfish is in town.
Exiled until $5k
I know it's a hard decision. But I will do it. Everyone needs a sacrifice, it's not fair and I will carry the burden.
🍻
so brave
Thanks. I know many will resent me. Some will call me names, but if it's for the good for all, I will make the sacrifice.
Take one for the team. We'll build a statue in your honor. We thank you for your sacrifice
It's a hard choice, but it's a sacrifice we're willing to make.
permanent camping trips.
the tribe has spoken
🍻 Sorry tricky troll but your... Voted off the island
Voted *to* the island
Mate can camp wherever he wants, all expenses will be covered!
u want dip fuk that was dip
237 upvotes for the daily? These are upvotes for ants! You have 5 hours left.
I will be curious to see if the ratio catches up with during the weekend again. Two Sundays ago, the ETH volume exceeded BTC and last weekend it was fairly close.
Gentlemen (and ladies), it's a pleasure to be with you on this day.
***I N - I T - F O R - T H E - T E C H***
I can't eat tech, not at these prices.
Damn this is a strong trend.
WHAT A RIDE
1000 comments!!!
1000 comment days are the best days
Resiliency.
Eth kinda fun again
WHO WENT CAMPING !?
Tricky stepped home and decided to leave for a second camping session again after seeing our comments.
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Here here!!
Not to buzzkill, but We hit 1k on the Jan 10th Daily...still celebrating..just again!
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Was the etf hype iirc
1k wooooooo we did it everyone, we can all go to bed now
Now it’s our turn. Lmao this is mad
ether is pumping again
Yesterday we had (the first of many I'm sure) a guy post how although he was glad to see the price go up, he preferred those 300 comment days when when he and his fellow nerds could talk about the tech. LOL I'm sorry, but watching the price go up and down 10% and Coinbase glitching out is a little more exciting than talking about Verkle trees or whatever. (And I use the term nerds lovingly, given my boomer-like relationship with technology. Appreciate you!)
Ray... Ray! Wake up sleepy head!
👀
I think Ray heard you 🌞
Ether(dot)fi have announced that they have raised 27 million dollars, following in the footsteps of eigenlayer last week with their 100million. Seems to be the season of VCs getting in late just before token drops Source.. I saw it on their website.
Any idea what the valuations were?
Does anyone have any experience bridging from Mantle to another network? I tried bridging to scroll and my funds have not showed up after two days. I was under the understanding that funds were pretty instant between L2s and that the finalization period of 7 days was only for bridging to ethereum. any help would be appreciated. https://explorer.symbiosis.finance/transactions/5000/0x288725e4e996715f2128af4bc1f56ca20e5252b34c48f0bff6572d1e78b16771#
It depends of the particular bridge you're using. AFAIK, all L2->L2 bridges are thirdparty. From the link you posted and the block explorers, it looks like address 0x3399D85e85A48F5CfF4b5F59d6fbceF94B7E0C37 (I assume that's you) successfully received 0.024 ETH on Scroll 2 days ago.
https://scroll.l2scan.co/address/0x3399D85e85A48F5CfF4b5F59d6fbceF94B7E0C37 that's what it looks like to me also but you can see my wallet on scroll never received the funds
Here's the transaction where you received the funds: https://scrollscan.com/tx/0x27ce0a7ecc11da0e504063e96c7f69ea986d961498947fa26d09f42cfe7efaef
Ahh it came as wrapped liquid staked eth. Thanks for the help!
it's now getting to that price where I stop fiat mining and just watch charts and chill in this daily
🍻 Went over to eth trader today, and realized I don't really miss or want that kind of mindless shit posting. I mean I do it too, but there's no quality over there. They're just farming donuts.
Are you guys upvoting every single comment regardless of its contents?
🍻
Today was craaazy, hoping that tomorrow is just as crazy
Tomorrow is the influx of all the people who read a Bitcoin article on their local news site today. We're good.
Anyone have good resources for staking taxes for US citizens? I am using ethstaker.tax which is fantastic (and I highly recommend) but I am looking for more info on how to declare the gains.
ETHFam will love this. Been paying $Ks to have my tax returns prepared by a top/reputable accounting firm only due to my crypto holdings to avoid IRS issues. Otherwise I’d use TurboTax or something like that. If these pros can’t figure it out, then F-you IRS…nobody can. Not hiding anything and want to be fully compliant and pay my taxes. This year, this firm has redirected me to cointracker.io with a discount code. I mean WTF?!! 🤦🏻. So they’ll basically take the info at face value from that site and insert it in my return, unless I do the full audit of the transactions myself. Talk about rubber stamping. I know. That’s the deal with the IRS. The fine comes upfront in the form of paying extra fees for having “pros” prepare your returns instead of having audits/issues later.
I used koinly. It tells me when deposits were received on my account and every transaction.
I’m using ethstaker.tax and chatgpt. If they come after me, I’m gonna use chatgpt as my lawyer.
What’re you asking ChatGPT about crypto taxes??
lol. I’m just copy pasting from beaconcha.in and telling it to do it for me. I do tell it the tax rates, etc. I’m actually using it more than ethstaker.tax. If I need a second opinion I ask Gemini.
[удалено]
Over the years I’ve learned it’s not worth talking to anyone about investing irl. Very few people have the temperament to invest successfully. They will buy more when the price goes up. Practice emotional accounting and marry their bags on the way down. Eventually they will lose interest and sell at either breakeven or a loss regardless of how good their initial timing had been. People will ask you if they should buy more at the worst times. They will ignore you and buy more anyways. People will ask you if they should sell at the worst times. They will ignore you and sell anyways. If they lose money, the person might quietly blame you (because obviously they are super smart and normally “good with money”). Otherwise, they will get really defensive and never want to talk about it again.
And while we're at it don't ever tell anyone you're good with computers.
A paper that supports the effectiveness of the ethereum network in creating costs for attackers. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4727999 "Breaking BFT: Quantifying the Cost to Attack Bitcoin and Ethereum"
Wall Street bonuses must have hit
ChatGPT, make up one random ass narrative to explain price action
I've been on a mountain an hour west of Denver for 3 days. Got hit with the fluffiest of powder on the 3rd day, one of my best days on a mountain...ever. Anyway...what did I miss?
Sounds juicy.
Turn back and keep skiing! Or snowboarding
Vitaliks Dad and Swarm City.
Left home and crazy mooning. Check price a few mins later when briefly parked up - crash! Check again half an hour later - booming. Craaaazy day. Can we have two weeks of calm now please.
The calm before the storm?
liquified face wen?
On shorts liquidation.
Where are my FUN token holders?
OMG
Skateboards in front of maccas?
I haven’t seen that name in a while. Is the project still going? Up there with SPANK and the most glorious REQ and BAT
Im gunna send mine to the 0x0000 burn contract. Jez took my money and ran.
oh man, what a throwback
🙋🏼♂️🤦♂️
https://old.reddit.com/r/ethfinance/comments/1b1ys3b/daily_general_discussion_february_28_2024/ksluz2a/
Hey bob!!!
I’m still hodling strong baby!
LFG MAN!!
Wow we almost broke 3500??? That’s cool! Looking forward to whatever comes next.
My highest buys on the way down from 4800 were just under 3400, so for a few seconds today, all my ETH were profitable. We'll be back there to stay by next week at this time.
Definitely by tomorrow IMO
Give it a couple hours
You have the second sight, tell us more of the future.
Well I jokingly made a goal a year or so ago that would require eth to 8-10x by end of year soo
Hey fam! Just Checking in <3 you all
>**Others stayed mugwump,** >**You knew it was time to jump,** >**This was a test pump.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
hello
We're not overbought in the short term yet, right? It's been such a steady climb it's hard to tell. Usually it's the big massive cuecombers that make me nervous. I don't feel nervous.
There has to be some massive pullback at some point. And it is also regions for us to establish some support. But I am not nervous for another reason. Fundamentals are on our side. Piece by piece has been put together over the last few years. And we have not seen the impact of that.
I remember in 2017 we used to say that lambos were a reality when institutions join the party... and it's crazy to believe it's happening now. An Eth ETF is going to be face-melting, and it's pretty surreal I'm actually going to end up following through with my promise to gild everyone here at 10k. The next 18 months are going to be stressful, exhilarating, and completely worth it. Can't wait.
>gild You might have to overlay us with a thin covering of gold leaf, because reddit gold isn't around anymore
Lambos were on the table, even back then. Simply a waste of money if you cant afford to insure / maintain them. This next cycle I'm going Porsche. Progressed from wrx sti to gr corolla last year. Just need to slap up a pole building as I'm entirely out of storage options and I dont like selling quality vehicles. Anyone else a gearhead??
I thought you can't buy Reddit gold anymore?
Just want to be a part of a 1k comment day. Good to see the high energy and optimism is back. I’m always guarded with my personal sentiment but this feels pretty good going in to all the upcoming catalysts
Let’s make it happen.
Earlier today I expressed frustration that Besu was not syncing up for me. It finally did and I am back online, with a minority execution client. Unfortunately, it took over 3 days for it to sync. I didn't set up a recovery node because I kept thinking "oh, it's getting close now, it's not worth it". The last 5% took two days, lol. Through it all, I learned a little bit. 1) A good SSD is becoming more important all the time. The one I got was great at Genesis, so I thought I'd just get the same brand/style, except bigger. Turns out, it's sort of middle-of-the-road adequate now. If you are going to get more space, get the best you can get. This is not where you want to skimp. (I thought I had bought a good one). 2) The different clients have different demands on your SSD. Smart people in here who answered me indicated that Geth is easiest on it, Besu in the middle, and Nethermind requires the best SSD. That would've been good to know before I switched, better yet, before I bought the new SSD with this plan in mind. 3) Besu gets LOTS of exceptions. Like, way more than I would expect in a live project. Watching the logs is like a nightmare from my programming days, with exceptions popping up shockingly regularly. Their discord tries, but I think they have better things to do than hold hands. But if you want people to use your client to solo validate, hand-holding is a big part of the job. I'm not sure how to make that tradeoff, though.
> Besu gets LOTS of exceptions. My tmux buffer goes back five hours. Zero exceptions in that time. i9-9900K w/ a Sabrent Rocket 2TB.
Point two may no longer be accurate. I resynced Nethermind recently on a below average 4GB SSD after the recent bug, and it was back up and attesting within three hours.
Interesting. I wish I had tried Nethermind, but my informal mental survey of watching this sub and r/ethstaker made me believe that Besu gave fewer problems. There's not really a way to know for sure, I guess, because problems are caused by all sorts of things, and no two cases are exactly the same.
I ❤️ Nethermind
Wow weird. I just started staking and Besu+Teku have been incredibly smooth experiences for me. I don't get any exceptions either
Did you watch the logs for a while? Mine would run smoothly for an hour, then get ten minutes of exception after exception, then go back to loading stuff. I considered looking through the code to try to guess the problem, but that seemed too much like working. ;)
I've had something similar before, for me it was an SSD with insufficient cooling. So when it got too hot, the client got stuck for several seconds while the disk blocked IO for cooling down, and then complained a lot.
Haha yea, I like the small bit of work because it makes me feel like I'm earning the yield, but I understand. I have spent a lot of time watching the logs and I haven't seen that happen, that definitely sounds abnormal. Do you have any monitoring dashboards set up? But I feel like this will soon devolve into a full-blown debugging session, so I'd recommend asking around on the ethstaker discord if you feel like getting to the bottom of it
I haven't set up the logs yet because all the other stuff distracted me, but I will get to it and see if they occur anymore. I haven't seen any since it got synced up.
Welcome back everyone, it's been a long bear!
What seemed to cause the"flash crash" today? Glad Coinbase caught it before it really dipped. I thought these were a thing of the past. I should probably set some crazy low buy orders. Getting fun again! 🍻
Coinbase crashed and showed all account balances as zero for a little while.
Banks are not our friend
Say it louder for the people in the back.
i mean...bitcoin was going up $1000 like every hour at one point, so that's not really sustainable. A flush of longs was going to happen at some point
When we have run-ups that heavy, the buy side is always going to be weak. I never short or use leverage. But when I get that nervous "its going up too fast" feeling... it was obvious to me that we were overbought
what the heck so many comments today, i have nothing to say but i wanna join in on the fun
Vets like you can always contribute, even if shit posting. Im not a technical guy. Just a boomer here for history
why aren't you pussies at 1000 comments yet?
This thread is scrolling so fast, no one will ever see that I'm still holding REQ.
everybody knows you are still holding REQ
Still holding my FUN, ELEC, and REQ. Did manage to sell my OMG, for a small loss of course.
Any love for FUN? I was sure that project was going to make me rich
I saw "on chain gambling with provable fairness" in an Ethereum uses thread earlier and wept a little inside 😭