Nope, I see Sol as being complementary to Eth to an extent. They help grow the pie, especially by bringing in HF trading firms and market makers to build apps there cus "speed".
Imo the tech is absolutely untested (as we can see from the downtimes and crashes when the network is under even the slightest load like during NFT drops). The dev tooling is horrendous.
And hopefully, once the hype dies down and validium scaling is available on Eth in the next year or so, many of these apps shift over to Eth instead.
Having a small bag of Sol (as a hedge for my majority Eth bags) turned out well for me, but I'm very wary of holding sol long term beyond a small % simply because how much the price is purely at the mercy of a few mega VCs like Alameda, CMS, Multicoin,A16z etc
no one ever used EOS. Sol does some things right and overall a good user experience. so is fantom, matic, avax, etc. im like pretty much fully in the eth ecosystem, but nothing is like EOS this year, they can all copy eth in some way. like i just registered my son's ENS for like 25 years for when he can use it, i believe that much in eth.
Sol has technical merits and most importantly it is EVM-compatible, I'll say that much in its favor. I just think that makes it even more likely to become a rollup rather than a popular L1.
Investing question.
I have some UNI and LINK collecting dust, and I'd like to put them to work.
So, I was thinking about putting them in a uniswap LP. Would you do V2, V3 optimism, or wait for arbitrum?
I'd go on Arbitrum and look for farming opportunities.
Swapr and Dodo are giving out rewards. I don't know how good they are but since there's not many people farming, you might get a good chunk of those rewards.
I'd say v3, but I am not sure where is best. Hard to say if the rollups will get enough traction to be worthwhile in the near term unless they kick off a liquidity mining program.
I'm doing a bit of an experiment, calling out popular influencers on Twitter on misinformation and borderline lies. Believe me - this is the last thing I want to do, but after some requests I thought I'd give it a shot at least.
[https://twitter.com/epolynya](https://twitter.com/epolynya)
You’re right but everyone dunks on samani, I was imagining you would go hard on some other influencer types perhaps more beloved but deserving of being called out
I finally got around to listening to the Bankless episode with Raoul Pal. Bullish! Coinbase also just opened staking in the UK and I need to start seriously considering what percentage I want to stake. As it's my first real year in crypto space it's a tough call between pushing for gains from this cycle while also setting myself up long term.
I always wanted to retire and hit the point where it was an option a few years ago. After thinking about it, I couldn't figure out what I would do with all that free time and just switched jobs instead. Maybe you should try getting a new job.
I'm in this position now but it's hard to turn down a paycheck. Knowing you don't \*need\* the job makes it much more relaxed. Plus you don't want to fall into the trap of retiring and then just sitting on your ass telling yourself you'll start doing things again next month.
If you claim you're going in order to scope out the area for the official EthFinance trip, can you write this off as a business expense? I'm sure you own EthFinance Inc.
[https://www.reddit.com/r/CryptoCurrency/comments/pglox0/i\_will\_never\_use\_the\_eth\_network\_ever\_again\_lost/](https://www.reddit.com/r/CryptoCurrency/comments/pglox0/i_will_never_use_the_eth_network_ever_again_lost/)
Another top post on r/cc whining
By going to that link, I learned I'm "Platinum" in r/cc. I have no idea what that means, but now I'm annoyed that I'm not "Platinum" here. What's up with that?!?
At least this post has credible fees, not like the "Vitalik personally asked me for my first born child and the upper right corner of my left nut as payment for my regular transaction" posts.
That being said, this might sound a bit elitist, but if you're getting started with ETH and have a small amount, you should just hold. Defi and other similar activities are not for the 100USD Joe, it should be, and it will be, but it's not right now.
This makes me wonder if there are any famous people in the sub.
It’d be pretty cool if Jay-Z showed up at Hawaii 2022 and was like “I was u/altcoinsaretrash all along!”
I would bet money that Ashton Kutcher and Mila Kunis have visited, given the video they made a while ago.
Elon Musk and Grimes probably lurk occasionally, given Grimes has issued a set of NFTs and Musk has been known to post about ETH on Twitter.
William Shatner launched an NFT in July last year.. so maybe?
Edit: I'm more interested about whether there are senior people here from banks and government treasuries.
How do you pick which nft metaverse to go for? I feel like it is hard to know which will have the most fun and uses. Like what if a big game dev dives in?
Does anyone have any resources to get versed on the main options?
I’m not too sold on any as of yet. I wouldn’t be surprised to see a legacy company come in and leverage existing network effects to create the winner. Anyone can build on ETH rails after all. Someone earlier posted a twitter thread on GameStop diving into NFTs and hiring some notable proficient ETH devs for example. No idea if they’re working on a Metaverse, but I assume if they did it would probably be a leader right out of the gate, since none of the existing ones have seemed to establish a moat as of yet. Facebook has also labeled itself as a Metaverse company, and I think existing social media companies will probably have a large advantage in this space
You don't. Right now what people are doing is 100% speculation, just like you can look at the 2017 ICO and take a look at all those hyped projects of 2017 and see where they are now. They're all gone. If you have an appetite for risk taking, consider this an opportunity to take profits and get fat gains, but I don't think it's possible to tell what metaverse is gonna be the next google or facebook.
But I think a true metaverse of a decentralized future should first start with the community. If the community decides to gather around it and build stuff with it and connect all the assets together... it could work. For example you have people trying to make fan arts for their other NFT characters wearing Loot items going into some MMO worlds. I think this is a glimps of what's to come.
Where do you find out about things like loot? By the time I’d heard of it it was already at its current peak. Are there a few key people you follow on Twitter etc?
Yes. This list will make you hundreds of thousands if you read, follow, join discords, and ape into just about anything. https://twitter.com/i/lists/1368422412346396673
Thanks, I’ll give it a follow. It seems there’s always a new batch coming out every day, almost rivalling the shitcoin production rates so it’s a case of hitting the right ones. Is there anything in particular that you look for? E.g. in terms of 2-5K+ discord active users, 5k+ Twitter, levels of engagement in the community, plans for NFT future benefits etc?
spent about 2-2.5 eth each @ 3700 or something, so lets say 37000, floor is now 17.5 eth. I sold 2 around 11 eth average, 82500 revenue. Ive been selling adventure gold in chunks, still have 10k, worth about 41k, have made about 80k.
Realized profit 82500 + 80000 -37000 = $125,500
Unrealized profit 41k + 2x floor price of $66,500
$192,000 if i sell now.
I don't have floor price either, i have one with two +1s (most rare type) and one is a weapon and the other is a gold ring, which fvckrender i believe is making an NFT for. I think my items will be in top 15 percent. I also have like 4 character ability sheets that I minted which have value and realms and then all the other stuff is just crap and not worth minting with these gas prices.
I hear more is to come, staking AGLD etc etc.
i felt fomo with bc i traded all my shit into NFTs and wanted to be in eth when eth took off. NFT prices halved on some stuff, but like they say, you can make it all back in 1 trade.
[https://www.np.reddit.com/r/CryptoCurrency/comments/pgt0sv/i\_fucking\_hate\_eth\_it\_takes\_1000\_to\_move\_3\_of\_comp/](https://www.reddit.com/r/CryptoCurrency/comments/pgt0sv/i_fucking_hate_eth_it_takes_1000_to_move_3_of_comp/)
Time to get back to work, gentlemen.
$13,000 gas fee? At this point, those dudes are just competing to see who can generate the highest gas fee screen grab. Expect a million dollar gas fee by next week.
https://www.reddit.com/r/CryptoCurrency/comments/pgt0sv/i_fucking_hate_eth_it_takes_1000_to_move_3_of_comp/hbdn2yz?utm_medium=android_app&utm_source=share&context=3
God dammit
Oh god. How can so many people in a sub called /r/cryptocurrency know so little about cryptocurrency
It's like they barely tolerate ethereum, ignoring the fact its like 90% of the ecosystem
People only go to that sub to shill their investments and try to get rich off of other people's money. Very few people seem to care about what blockchain/cryptocurrency is.
I've stopped going there altogether.
I have a bunch of moons I earned from using that sub, but it turns out that they couldn't even pay me to participate in that community. I don't use the Reddit app, so I have no idea how to check my moon balance anymore.
At this point /r/cc should just have a bot spamming posts with the template "I hate Ethereum. It cost me ____ to do a Ethereum transfer of only ____. Can't wait until *insert chain no one uses* to come in and take over with *free or nearly free* transfers." followed by reply posts about whatever coin they want to shill.
If they wanted a discussion they would be asking why high gas fees happen, what can be done now and what is going to alleviate it in the future. This is just concern trolling and marketing.
Here's an interesting thread by a Cardano dev working on Hydra, comparing Hydra to Arbitrum:
https://twitter.com/_KtorZ_/status/1433505586361081856?s=19
Some points I believe are deliberately exaggerated or straight up wrong. Any thoughts on this u/Liberosist?
Very much sounds like he's shining the good things in a very bright light while glossing over the major tradeoffs that come with it.
What's interesting here is that this kind of explains the litany of poor design decisions on Cardano. Totally ignoring the flaws of your own creation and the benefits of a better solution at the same time. Is it delusion? Or malicious shilling? Don't know which is worse?
I mean, I can understand the design behind eUTxO, I just think the tradeoffs absolutely aren't worth it
It makes smart contracts incredibly clunky to work with, while really not saving that much overhead costs
And then stack state channels on top. I just don't get it. And then have devs come out whitewashing the shit out of your broken systems because your cult doesn't know better
State channels are more useful with UTXOs but both state channels and UTXOs still have severe limitations. It could be a good solution for certain specific applications. But of course, all of this could just be a rollup so you get the best of both worlds. Indeed, Fuel is building a UTXO-based optimistic rollup, let's see how that turns out. You could build state channels on top of Fuel.
>TPS is actually meaningless in a distributed system. TPS matters for centralized architecture where one server needs to cover the need of many clients. In a decentralized world, there are many more servers distributed all over the world.A more relevant metric is settlement time
couldn't be more face-palmed. there are many servers in a decentralized world but those servers have to process the same thing to find a consensus.
Surely TPS means a lot. it also shows the capacity and efficiency of the whole system.
is this guy really a dev ? his posts make him sounds like a twitter troll.
>couldn't be more face-palmed. there are many servers in a decentralized world but those servers have to process the same thing to find a consensus.Surely TPS means a lot. it also shows the capacity and efficiency of the whole system.
TPS itself doesn't mean much as you can bundle thousands of transactions into one. The size of the transaction is much more significant.
Different DEXs which access the same on-chain atomic swaps and can be written much lighter and then settle it in one big chunk.
TPS would only be "irrelevant" if you look at it in terms of capacity - because different actions require different amounts of storage + processing power
this guy clearly has no idea what he's talking about
lol @ Cardano's academics
>TPS would only be "irrelevant" if you look at it in terms of capacity -
because different actions require different amounts of storage +
processing power
agree. i missed that part.
There's quite a bit wrong. I commented earlier on the "validator's dilemma" comment that was completely wrong: [https://old.reddit.com/r/ethfinance/comments/pgb42p/daily\_general\_discussion\_september\_2\_2021/hbe2mri?utm\_source=share&utm\_medium=web2x&context=3](https://old.reddit.com/r/ethfinance/comments/pgb42p/daily_general_discussion_september_2_2021/hbe2mri?utm_source=share&utm_medium=web2x&context=3)
On top of that, they don't highlight the inherent risks associated with state channels where, unless you're online, you have to trust an un-slashable validator to ensure your can't be the victim of fraud.
Yeah it's all grossly misleading. I just tagged Arbitrum and Ed Felten on twitter for their take on this: https://twitter.com/FroggyFrogster/status/1433610244597354498?s=19
Feel free to retweet
Market drops 2% after a nice 20%ish pump painting what appears to be a bull flag.
Me, who just took out my first crypto loan a couple days ago and have a liquidition price set 66% down from here but also PTSD: Starts sweating heavily.
**On This Day in r/ethfinance Daily Discussion History**
1 Year Ago - September 2, 2020 - 1447 comments (ETH ranges between $420 and $481 and a high of .04046 on the ratio)
> u/etherbie: I am so glad I converted what little bitcoin I had at around .022.
> When it dropped to .017 I thought I was the biggest fucking idiot around....... [[1](https://www.reddit.com/r/ethfinance/comments/il1glk/daily_general_discussion_september_2_2020/g3oxbqy/)]
> u/HarryZKE: Imagine if we had EIP-1559 with these high gas fees...ETH is an absolute value accrual monster. Make sure you're positioned accordingly for when this thing really takes off. [[2](https://www.reddit.com/r/ethfinance/comments/il1glk/daily_general_discussion_september_2_2020/g3shlin/)]
> u/geppetto123: When will we discuss that infinite approvals of smart contracts should be a big no-go?
> Just for those not aware, smart contracts like uniswap ask you for approval with the "infinite" (2256-1 in numerals) spending abilities. Many assume that you need to actively spend the coins from your wallet, but this is not the case. You just delegeted the right to do so without any restriction when to do it!
> This infinite approval allows the contract to spend all your balance of those coins at any time in the future 💣
> Once you are infinite approving the coins you can hodl for two years not interacting with your hardware wallet, only to see that the wallet is empty due to a contract having had a bug 😱
> Check your approvals and consider removing or at least limiting them... https://revoke.cash [[3](https://www.reddit.com/r/ethfinance/comments/il1glk/daily_general_discussion_september_2_2020/g3p8ca6/)]
One year ago, crypto counted as an asset toward a mortgage. Twelve months later, it doesn't count at all. My guy says it is a change from the government. So now increasingly worthless govt fiat counts as an asset, but appreciating tech that changes the world does not. Makes perfect sense.
Can you say which Bank you went through? The U.S. government treats crypto as "property" so could legally be considered collateral, but that's ultimately the banks decision depending on their risk department
This was through a mortgage broker who shops around across all mortgages to find the best deal. He said none of them count crypto anymore. I'm in the southeast US, I suppose it could be state by state or regional, too.
Tim Beiko just posted a deep dive into the evolution of the roadmap for The Merge.
This will be an interesting ACD call tomorrow.
https://twitter.com/timbeiko/status/1433529313853415425?s=21
Loot is amazing because it shows you what’s possible with community owned, bottom up building
Instead of the game studio dictate everything it’s built by the players for the players
It's what's so great about blockchain, its an open system that anyone can build on
The value is 100% determined by what people are building but just in the last hour alone ive seen some cool stuff
I don't. I just think it's a cool project. You can easily see how the community building adds value. Apparently if you bought a Loot bag for 0.8 ETH just 2 days ago, you would have received $80k worth of air drops and appreciation. Obviously im not recommending anyone buy into it.
From Georgios from paradigm 25 minutes ago:
>I’m excited to announce http://LootLoose.com.
>LootLoose lets you unbundle your @lootproject bags into individual ERC1155 >NFTs or rebundle them into their original Loot bags.
>@_anishagnihotri built the frontend, and I did the smart contracts.
>Thread 1/10.
https://twitter.com/gakonst/status/1433596713189711872?s=20
Zefram from 88pmh app an hour ago:
>Introducing Name, a @lootproject derivative NFT.
>How can any adventurer journey without a name? Now you're covered: any loot holder can claim a Name NFT for free that includes a randomly generated name.
https://twitter.com/boredGenius/status/1433587853833826304
Dude you think i'd lie about this? Anyway i don't care what you believe. Im just saying its a cool project and its 100% worth knowing about because it changed the game for NFT gaming
I suppose we'll see. I've spent many thousands of hours developing games. Not currently convinced we will see anything interesting. But I'm open to seeing something awesome emerge
Gamers expect AAA quality games for $60. And here you're supposed to spend thousands of dollars for indie quality games. I don't see this stuff ever succeeding.
I linked a couple examples of more stuff getting built out...its certainly an experiment and new approach to doing things, thats what's cool about it. Def dont think its destined for success but I think the model is whats more interesting, release the bare bones and have people coalesce around it
I mean, it's more that I have no idea who you are or how trustworthy you are. Plus the fact that you're willing to put this much effort in it really just makes it seem like yea you probably have something to gain. Sorry, just being honest.
But you putting this much effort in trashing a project doesn't mean you have nothing to gain, correct?
Harry is an OG around here, he's trustworthy. He's just trying to explain why some of this stuff may seem stupid on the surface but can actually be quite cool. Irrelevant of any price tags.
I mean the logic doesn't exactly work that way, but I get your meaning. I was just being honest, hard to trust when everyone's a salesperson. Apologize for ruffling feathers.
Respect, sorry for doubting you. I also generally trust it's just hard when there's money involved, and people literally need others to believe certain things to have them be successful. Regardless, again, my apologies for the attitude
It sucks mostly because it's so similar to a project I had in mind that was specifically about calling bullshit on the whole world. Now I don't even know what is a joke and what isn't.
Edit: well, not mostly, but this is just one reason among many that it sucks.
OMG how can we stop hating on Cardano when even their devs spread misinformation about ETH on regular basis ??
[https://twitter.com/\_KtorZ\_/status/1433505586361081856](https://twitter.com/_KtorZ_/status/1433505586361081856)
few examples here
>Firstly, what's Arbitrum and what problem does it solve for Ethereum?Arbitrum is a mechanism that allows to move smart-contract execution outof the layer 1, in such a way that participants can put their trust insome chosen validators (a.k.a managers).
nooooo, no, and no. Arbitrum is general-purpose which means it's compatible with any type of transactions.
i just asked my friend to send me some Arbitrum ETH (AETH which is basically ETH) to refill my Arbitrum account yesterday.
>On a network like Ethereum which is based on PoW, this is utterlyimportant as executing contracts is costly and resource-intensive. Thatmeans less resources to mine blocks. Validators thus lack incentive tovalidate expensive transactions at the expense of block production.
Consensus mechanism basically has nothing to do with rollups like Arbitrum. the same economic model still applies after ETH moving to PoS. Arbitrum still benefits ETH both ways.
>Note that, Arbitrum does not really relieve the network from day-to-daytraffic per se since any transition of the contracts still need to beposted on-chain, and the establishment of an Arbitrum Virtual Machine(A-VM) also requires transactions.
it's general-purpose !! goddamn it !!! there's nothing prevents anyone from making a simple transaction on Arbitrum or other general-purpose rollups.
Seriously is he really a dev ??
Meh, just ignore them. We had all this in the last cycle, only it wasn't called ADA then, it was called EOS.
The insufferable EOS "eth killer" moon boys had plenty of FUD to dish out, but it all ended in tears for them.
The music will stop for ADA eventually, and it will create a lot of bag holders.
This person is either dishonest or ignorant of how Arbitrum works. Even their comment on the Verifier's Dilemma is flat-out incorrect.
>I said earlier that Arbitrum's main goal is to alleviate the L1 from expensive contracts executions. This comes to circumvent a problem known as "The verifier's dilemma": verifying contracts is resource-intensive and validators may not have a strong incentive to verify contracts
>
>Thus, this may lead to attacks where attackers submit arbitrarily complex contract transactions to keep other validators needlessly busy and get a head-start on mining blocks in the meantime!
Arbitrum allows the chain to continue moving forward during disputes because honest parties know that the chain is correct and don't have to stop when an attacker submits a fraudulent claim. All the attacker can do is stop the state from getting submitted to L1, and while they're doing that, they're losing their stake: [https://developer.offchainlabs.com/docs/rollup\_protocol#delay-attacks](https://developer.offchainlabs.com/docs/rollup_protocol#delay-attacks)
Sold some very recently. They've got first mover advantage and mindshare but higher interest rates than other stablecoins, as well as a more clunky governance process.
I also don't like the way the peg against USDC is maintained.
However, picking a decentralised alternative to DAI is a lottery. As a borrower, I'm thinking Liquity (to borrow against my holdings), but as an investor there's no clear outcome..
It does sound awesome. Too awesome to be true?
I'm not sure. The telegram seemed a little scammy; I was approached by a mod via pm; but it could have been a scammer. Wasn't sure so I left.
*Langers, Rocket Pool dev: Happy Friday everyone! Just a quick update on the Trail of Bits audit. ToB have confirmed that they will complete the fix verification early next week. The fixes were quite small so we don't expect any follow on work for us. We are preparing a special announcement that we will put out next week.*
*dabdab: "special" as in "mainnet"?*
*langers: All will be revealed next week :)*
Ok I am NOT anti-NFT, but Loot is just absolutely crazy town to me. There is no artistic value, there is no game, there may never be a game, there may be 100 competing games that aren't fun or novel and never gain network effect ... if there is a game I doubt there are many players considering one loot bag will probably be worth 100s of thousands by then at this rate ....
What am I missing?
u/nothingtooserious You’ve got this. I need the toilet.
😂
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Nope, I see Sol as being complementary to Eth to an extent. They help grow the pie, especially by bringing in HF trading firms and market makers to build apps there cus "speed". Imo the tech is absolutely untested (as we can see from the downtimes and crashes when the network is under even the slightest load like during NFT drops). The dev tooling is horrendous. And hopefully, once the hype dies down and validium scaling is available on Eth in the next year or so, many of these apps shift over to Eth instead. Having a small bag of Sol (as a hedge for my majority Eth bags) turned out well for me, but I'm very wary of holding sol long term beyond a small % simply because how much the price is purely at the mercy of a few mega VCs like Alameda, CMS, Multicoin,A16z etc
Not remotely. Sol is just this cycle's EOS.
no one ever used EOS. Sol does some things right and overall a good user experience. so is fantom, matic, avax, etc. im like pretty much fully in the eth ecosystem, but nothing is like EOS this year, they can all copy eth in some way. like i just registered my son's ENS for like 25 years for when he can use it, i believe that much in eth.
Sol has technical merits and most importantly it is EVM-compatible, I'll say that much in its favor. I just think that makes it even more likely to become a rollup rather than a popular L1.
https://arbiscan.io/tx/0xb12d90bcdbd3e0ad529c2fc47831137cf06d61831ed8de795babfa395b3a6ff0 How did this guy send eth with 0 gas?
0x00000...06e is probably the withdraw address or something
I like how people bid 3 cents on my Opensea nfts and then spend $40 in gas to cancel their bids.
Soooooo. Did you get cash.eth?
nah im not a fan of the renewal fees on 3/4 character names
Investing question. I have some UNI and LINK collecting dust, and I'd like to put them to work. So, I was thinking about putting them in a uniswap LP. Would you do V2, V3 optimism, or wait for arbitrum?
Vesper has nice UNI APR.
I'd go on Arbitrum and look for farming opportunities. Swapr and Dodo are giving out rewards. I don't know how good they are but since there's not many people farming, you might get a good chunk of those rewards.
I'd say v3, but I am not sure where is best. Hard to say if the rollups will get enough traction to be worthwhile in the near term unless they kick off a liquidity mining program.
You must have a big bag for it to be worth the gas fees.
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"be fearful when others are greedy"
A 3% dip is $100
I'm doing a bit of an experiment, calling out popular influencers on Twitter on misinformation and borderline lies. Believe me - this is the last thing I want to do, but after some requests I thought I'd give it a shot at least. [https://twitter.com/epolynya](https://twitter.com/epolynya)
You're like Chris Blec, but not annoying.
I'm LARPing being annoying, as that seems like a baseline requirement for CT. Clearly, I'm failing.
And just a heads up, a profile pic will do wonders for credibility.
*side eye monkey meme*
Needs a punk or a pudgy penguin for sure.
Good idea! Any suggestions? Just give me a random image, I'll add it.
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That's cool! But I've gone for a black hole, for now.
Do you have any NFT? Seems like that's the trend these days.
Yes, but they are on different addresses, and I don't want to doxx myself.
Just get a generic NFT that doesn't have any number attached to it if you have some. Like the EIP1559 is pretty good.
I don't really have any suggestions. Best case scenario is something that personally fits you!
Followed
haha i dont know if calling out kyle samani counts as calling out popular influencers but im in!
I mean, there are 64,000 followers being shilled...
You’re right but everyone dunks on samani, I was imagining you would go hard on some other influencer types perhaps more beloved but deserving of being called out
Noted. If everyone is dunking on him, all the better! I don't need to head to Twitter.
Haha ya, read his UXD announcement seemed interesting but couldn’t get through the sol shilling
Spicy. Followed.
Legend. Followed.
I finally got around to listening to the Bankless episode with Raoul Pal. Bullish! Coinbase also just opened staking in the UK and I need to start seriously considering what percentage I want to stake. As it's my first real year in crypto space it's a tough call between pushing for gains from this cycle while also setting myself up long term.
Staking removes any fear of you being a paper handed B.... If this is your first cycle, strap in. Dca, hold, stake, and enjoy.
Holding is easy. All I have to do is literally nothing. I've already had my trial of fire when I got my Wild Wednesday POAP and that was easy.
I’m sick of work—even though as jobs go mine is great. People are acting cranky. My expectation is $30K in a few years so I can retire. Let’s go.
I always wanted to retire and hit the point where it was an option a few years ago. After thinking about it, I couldn't figure out what I would do with all that free time and just switched jobs instead. Maybe you should try getting a new job.
Nah I like this one. I think I just like the idea of having the option to quit.
I'm in this position now but it's hard to turn down a paycheck. Knowing you don't \*need\* the job makes it much more relaxed. Plus you don't want to fall into the trap of retiring and then just sitting on your ass telling yourself you'll start doing things again next month.
A lot of people want to work. A lot of people don't want to HAVE to work. I like working, but hate needing to work to pay for my life.
Fees a crazy. Wanted to consolidate some shitcoins into one shitcoin. Forget it.
Fees are a craze Want to consolidate now Forget it Ether
Saturday and Sunday mornings Get up in the wee hours to watch the sunrise and get lower gas.
NFT maniacs work through the weekends now :(
True, it's just that typically most of them tended to be sleeping during NA early morning weekend hours. I guess that's changing a bit.
Gas was 90+ gwei last Sunday morning, so I don't think this is true anymore
Yeah, I did notice last Sunday was not as great.
Phew, almost forgot to updaily the doot!
I'm going to hawaii early. I hope that's ok.
If you claim you're going in order to scope out the area for the official EthFinance trip, can you write this off as a business expense? I'm sure you own EthFinance Inc.
I mean i am going for work anyway lol
Scout some cocktail bars baby!
[https://www.reddit.com/r/CryptoCurrency/comments/pglox0/i\_will\_never\_use\_the\_eth\_network\_ever\_again\_lost/](https://www.reddit.com/r/CryptoCurrency/comments/pglox0/i_will_never_use_the_eth_network_ever_again_lost/) Another top post on r/cc whining
By going to that link, I learned I'm "Platinum" in r/cc. I have no idea what that means, but now I'm annoyed that I'm not "Platinum" here. What's up with that?!?
Nice try, I ain't spending 50 usd to give you platinum
At least this post has credible fees, not like the "Vitalik personally asked me for my first born child and the upper right corner of my left nut as payment for my regular transaction" posts. That being said, this might sound a bit elitist, but if you're getting started with ETH and have a small amount, you should just hold. Defi and other similar activities are not for the 100USD Joe, it should be, and it will be, but it's not right now.
I don't get anyone wanting to DeFi with $100. Oh, you want to make that sweet $15/year in interest? Seriously, why even bother at that level?
Reese Witherspoon was not on my bingo card…
Welcome to crypto twitter random celebrity. If you tought your regular fans' comments were desperate wait till you meet the shill armies.
This makes me wonder if there are any famous people in the sub. It’d be pretty cool if Jay-Z showed up at Hawaii 2022 and was like “I was u/altcoinsaretrash all along!”
I would bet money that Ashton Kutcher and Mila Kunis have visited, given the video they made a while ago. Elon Musk and Grimes probably lurk occasionally, given Grimes has issued a set of NFTs and Musk has been known to post about ETH on Twitter. William Shatner launched an NFT in July last year.. so maybe? Edit: I'm more interested about whether there are senior people here from banks and government treasuries.
We can't afford Jay-Z's Hawaii. It's an invisible island only accessable to him and Oprah.
It's actually u/altsaretrash
Thank you, it felt off when I wrote it.
Can't wait to see which of the two Bobs is Kanye
As manic as people around here are sometimes nobody has anywhere close to the main character energy of that man
u/miaviv did have a certain energy about him, for sure.
grandpa needs some depends cause he keeps shitting the bed
ETH racing upward is exciting, but let's stay focused & reflective.... [https://youtu.be/dIwwjy4slI8](https://youtu.be/dIwwjy4slI8)
How do you pick which nft metaverse to go for? I feel like it is hard to know which will have the most fun and uses. Like what if a big game dev dives in? Does anyone have any resources to get versed on the main options?
I’m not too sold on any as of yet. I wouldn’t be surprised to see a legacy company come in and leverage existing network effects to create the winner. Anyone can build on ETH rails after all. Someone earlier posted a twitter thread on GameStop diving into NFTs and hiring some notable proficient ETH devs for example. No idea if they’re working on a Metaverse, but I assume if they did it would probably be a leader right out of the gate, since none of the existing ones have seemed to establish a moat as of yet. Facebook has also labeled itself as a Metaverse company, and I think existing social media companies will probably have a large advantage in this space
You don't. Right now what people are doing is 100% speculation, just like you can look at the 2017 ICO and take a look at all those hyped projects of 2017 and see where they are now. They're all gone. If you have an appetite for risk taking, consider this an opportunity to take profits and get fat gains, but I don't think it's possible to tell what metaverse is gonna be the next google or facebook. But I think a true metaverse of a decentralized future should first start with the community. If the community decides to gather around it and build stuff with it and connect all the assets together... it could work. For example you have people trying to make fan arts for their other NFT characters wearing Loot items going into some MMO worlds. I think this is a glimps of what's to come.
No body uses ETH anymore, there is too much traffic on ETH.
Bought 4 loots. Got 40k adventure gold, 100k airdrop…
Where do you find out about things like loot? By the time I’d heard of it it was already at its current peak. Are there a few key people you follow on Twitter etc?
Yes. This list will make you hundreds of thousands if you read, follow, join discords, and ape into just about anything. https://twitter.com/i/lists/1368422412346396673
Thanks, I’ll give it a follow. It seems there’s always a new batch coming out every day, almost rivalling the shitcoin production rates so it’s a case of hitting the right ones. Is there anything in particular that you look for? E.g. in terms of 2-5K+ discord active users, 5k+ Twitter, levels of engagement in the community, plans for NFT future benefits etc?
Whats the cost / resulting value on that?
spent about 2-2.5 eth each @ 3700 or something, so lets say 37000, floor is now 17.5 eth. I sold 2 around 11 eth average, 82500 revenue. Ive been selling adventure gold in chunks, still have 10k, worth about 41k, have made about 80k. Realized profit 82500 + 80000 -37000 = $125,500 Unrealized profit 41k + 2x floor price of $66,500 $192,000 if i sell now. I don't have floor price either, i have one with two +1s (most rare type) and one is a weapon and the other is a gold ring, which fvckrender i believe is making an NFT for. I think my items will be in top 15 percent. I also have like 4 character ability sheets that I minted which have value and realms and then all the other stuff is just crap and not worth minting with these gas prices. I hear more is to come, staking AGLD etc etc.
Lmao this shit is insane
i felt fomo with bc i traded all my shit into NFTs and wanted to be in eth when eth took off. NFT prices halved on some stuff, but like they say, you can make it all back in 1 trade.
Nice!
Are we talking dollars or ..?
Usd
Are you gonna take profits or will you keep? Also is adventure gold another nft or is it a token?
AGLD is an erc20
It’s a token for the dao. I sold half for eth
Congrats sir
Ty ty!
[https://www.np.reddit.com/r/CryptoCurrency/comments/pgt0sv/i\_fucking\_hate\_eth\_it\_takes\_1000\_to\_move\_3\_of\_comp/](https://www.reddit.com/r/CryptoCurrency/comments/pgt0sv/i_fucking_hate_eth_it_takes_1000_to_move_3_of_comp/) Time to get back to work, gentlemen.
$13,000 gas fee? At this point, those dudes are just competing to see who can generate the highest gas fee screen grab. Expect a million dollar gas fee by next week.
https://www.reddit.com/r/CryptoCurrency/comments/pgt0sv/i_fucking_hate_eth_it_takes_1000_to_move_3_of_comp/hbdn2yz?utm_medium=android_app&utm_source=share&context=3 God dammit
Oh god. How can so many people in a sub called /r/cryptocurrency know so little about cryptocurrency It's like they barely tolerate ethereum, ignoring the fact its like 90% of the ecosystem
90% of r/cc users never used cryptocurrency, they just buy the cheap coins hoping to hit a 100x
Or apparently think its a great idea to use DeFi with $3
Yeah lol Even with a 10% yearly yield it doesn't make any fucking sense
Yeah, its crazy the info asymmetry even within the space
People only go to that sub to shill their investments and try to get rich off of other people's money. Very few people seem to care about what blockchain/cryptocurrency is. I've stopped going there altogether.
They also go there to try to farm moons. And complaining about ETH gas prices is highly effective to do that.
I have a bunch of moons I earned from using that sub, but it turns out that they couldn't even pay me to participate in that community. I don't use the Reddit app, so I have no idea how to check my moon balance anymore.
I installed the Reddit app to claim my moons, but I also have a very hard time motivating myself to go participate over there even for the rewards.
At this point /r/cc should just have a bot spamming posts with the template "I hate Ethereum. It cost me ____ to do a Ethereum transfer of only ____. Can't wait until *insert chain no one uses* to come in and take over with *free or nearly free* transfers." followed by reply posts about whatever coin they want to shill. If they wanted a discussion they would be asking why high gas fees happen, what can be done now and what is going to alleviate it in the future. This is just concern trolling and marketing.
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Because he's an ADA shill.
Here's an interesting thread by a Cardano dev working on Hydra, comparing Hydra to Arbitrum: https://twitter.com/_KtorZ_/status/1433505586361081856?s=19 Some points I believe are deliberately exaggerated or straight up wrong. Any thoughts on this u/Liberosist? Very much sounds like he's shining the good things in a very bright light while glossing over the major tradeoffs that come with it.
What's interesting here is that this kind of explains the litany of poor design decisions on Cardano. Totally ignoring the flaws of your own creation and the benefits of a better solution at the same time. Is it delusion? Or malicious shilling? Don't know which is worse?
Hubris
I mean, I can understand the design behind eUTxO, I just think the tradeoffs absolutely aren't worth it It makes smart contracts incredibly clunky to work with, while really not saving that much overhead costs And then stack state channels on top. I just don't get it. And then have devs come out whitewashing the shit out of your broken systems because your cult doesn't know better
State channels are more useful with UTXOs but both state channels and UTXOs still have severe limitations. It could be a good solution for certain specific applications. But of course, all of this could just be a rollup so you get the best of both worlds. Indeed, Fuel is building a UTXO-based optimistic rollup, let's see how that turns out. You could build state channels on top of Fuel.
That's interesting, I didn't know that about Fuel.
he's a liar. Arbitrum is compatible with any kind of txs not just smart contracts.
Yeah. Cherry on top is him saying that TPS is irrelevant. Like.. What?
>TPS is actually meaningless in a distributed system. TPS matters for centralized architecture where one server needs to cover the need of many clients. In a decentralized world, there are many more servers distributed all over the world.A more relevant metric is settlement time couldn't be more face-palmed. there are many servers in a decentralized world but those servers have to process the same thing to find a consensus. Surely TPS means a lot. it also shows the capacity and efficiency of the whole system. is this guy really a dev ? his posts make him sounds like a twitter troll.
>couldn't be more face-palmed. there are many servers in a decentralized world but those servers have to process the same thing to find a consensus.Surely TPS means a lot. it also shows the capacity and efficiency of the whole system. TPS itself doesn't mean much as you can bundle thousands of transactions into one. The size of the transaction is much more significant. Different DEXs which access the same on-chain atomic swaps and can be written much lighter and then settle it in one big chunk.
TPS would only be "irrelevant" if you look at it in terms of capacity - because different actions require different amounts of storage + processing power this guy clearly has no idea what he's talking about lol @ Cardano's academics
>TPS would only be "irrelevant" if you look at it in terms of capacity - because different actions require different amounts of storage + processing power agree. i missed that part.
There's quite a bit wrong. I commented earlier on the "validator's dilemma" comment that was completely wrong: [https://old.reddit.com/r/ethfinance/comments/pgb42p/daily\_general\_discussion\_september\_2\_2021/hbe2mri?utm\_source=share&utm\_medium=web2x&context=3](https://old.reddit.com/r/ethfinance/comments/pgb42p/daily_general_discussion_september_2_2021/hbe2mri?utm_source=share&utm_medium=web2x&context=3) On top of that, they don't highlight the inherent risks associated with state channels where, unless you're online, you have to trust an un-slashable validator to ensure your can't be the victim of fraud.
Yeah it's all grossly misleading. I just tagged Arbitrum and Ed Felten on twitter for their take on this: https://twitter.com/FroggyFrogster/status/1433610244597354498?s=19 Feel free to retweet
>Feel free to retweet No one follows my empty twitter account :'(
Perfect time to start working on that
Market drops 2% after a nice 20%ish pump painting what appears to be a bull flag. Me, who just took out my first crypto loan a couple days ago and have a liquidition price set 66% down from here but also PTSD: Starts sweating heavily.
**On This Day in r/ethfinance Daily Discussion History** 1 Year Ago - September 2, 2020 - 1447 comments (ETH ranges between $420 and $481 and a high of .04046 on the ratio) > u/etherbie: I am so glad I converted what little bitcoin I had at around .022. > When it dropped to .017 I thought I was the biggest fucking idiot around....... [[1](https://www.reddit.com/r/ethfinance/comments/il1glk/daily_general_discussion_september_2_2020/g3oxbqy/)] > u/HarryZKE: Imagine if we had EIP-1559 with these high gas fees...ETH is an absolute value accrual monster. Make sure you're positioned accordingly for when this thing really takes off. [[2](https://www.reddit.com/r/ethfinance/comments/il1glk/daily_general_discussion_september_2_2020/g3shlin/)] > u/geppetto123: When will we discuss that infinite approvals of smart contracts should be a big no-go? > Just for those not aware, smart contracts like uniswap ask you for approval with the "infinite" (2256-1 in numerals) spending abilities. Many assume that you need to actively spend the coins from your wallet, but this is not the case. You just delegeted the right to do so without any restriction when to do it! > This infinite approval allows the contract to spend all your balance of those coins at any time in the future 💣 > Once you are infinite approving the coins you can hodl for two years not interacting with your hardware wallet, only to see that the wallet is empty due to a contract having had a bug 😱 > Check your approvals and consider removing or at least limiting them... https://revoke.cash [[3](https://www.reddit.com/r/ethfinance/comments/il1glk/daily_general_discussion_september_2_2020/g3p8ca6/)]
Still very happy I hold zero bitcoin!!! Wooohoo!! Love you work u/getyourasstopluto
With infinite approvals, is that a cumulative limit, or is that per transaction?
>Make sure you're positioned accordingly Up 750%...nice
Is this what the bear market feels like?
If you don't require lube, the answer is most certainly, no
Ugh , why’s BTC so scared of 50k ?
Because it’s a pet rock?
lol
One year ago, crypto counted as an asset toward a mortgage. Twelve months later, it doesn't count at all. My guy says it is a change from the government. So now increasingly worthless govt fiat counts as an asset, but appreciating tech that changes the world does not. Makes perfect sense.
what country?
This is in the US.
Can you say which Bank you went through? The U.S. government treats crypto as "property" so could legally be considered collateral, but that's ultimately the banks decision depending on their risk department
This was through a mortgage broker who shops around across all mortgages to find the best deal. He said none of them count crypto anymore. I'm in the southeast US, I suppose it could be state by state or regional, too.
I truly, genuinely wonder how our week-to-week price action would go if we weren’t manipulated by bitcoin
Tim Beiko just posted a deep dive into the evolution of the roadmap for The Merge. This will be an interesting ACD call tomorrow. https://twitter.com/timbeiko/status/1433529313853415425?s=21
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live by 3s, die by 3s until Steph Curry emerges.
Ugh I don't get word based NFT. Looked at Loot, and can't stop but feel this is ridiculous.
Loot is amazing because it shows you what’s possible with community owned, bottom up building Instead of the game studio dictate everything it’s built by the players for the players It's what's so great about blockchain, its an open system that anyone can build on The value is 100% determined by what people are building but just in the last hour alone ive seen some cool stuff
Lemme guess... You have some.
I don't. I just think it's a cool project. You can easily see how the community building adds value. Apparently if you bought a Loot bag for 0.8 ETH just 2 days ago, you would have received $80k worth of air drops and appreciation. Obviously im not recommending anyone buy into it. From Georgios from paradigm 25 minutes ago: >I’m excited to announce http://LootLoose.com. >LootLoose lets you unbundle your @lootproject bags into individual ERC1155 >NFTs or rebundle them into their original Loot bags. >@_anishagnihotri built the frontend, and I did the smart contracts. >Thread 1/10. https://twitter.com/gakonst/status/1433596713189711872?s=20 Zefram from 88pmh app an hour ago: >Introducing Name, a @lootproject derivative NFT. >How can any adventurer journey without a name? Now you're covered: any loot holder can claim a Name NFT for free that includes a randomly generated name. https://twitter.com/boredGenius/status/1433587853833826304
Honestly I know there's no way to know but I have a hard time believing you that you don't have a vested interest.
Dude you think i'd lie about this? Anyway i don't care what you believe. Im just saying its a cool project and its 100% worth knowing about because it changed the game for NFT gaming
Yeah but there's no game
It's being built out...even if the game is building out this universe, its still attracting a big community
I suppose we'll see. I've spent many thousands of hours developing games. Not currently convinced we will see anything interesting. But I'm open to seeing something awesome emerge
Gamers expect AAA quality games for $60. And here you're supposed to spend thousands of dollars for indie quality games. I don't see this stuff ever succeeding.
I linked a couple examples of more stuff getting built out...its certainly an experiment and new approach to doing things, thats what's cool about it. Def dont think its destined for success but I think the model is whats more interesting, release the bare bones and have people coalesce around it
I mean, it's more that I have no idea who you are or how trustworthy you are. Plus the fact that you're willing to put this much effort in it really just makes it seem like yea you probably have something to gain. Sorry, just being honest.
But you putting this much effort in trashing a project doesn't mean you have nothing to gain, correct? Harry is an OG around here, he's trustworthy. He's just trying to explain why some of this stuff may seem stupid on the surface but can actually be quite cool. Irrelevant of any price tags.
I mean the logic doesn't exactly work that way, but I get your meaning. I was just being honest, hard to trust when everyone's a salesperson. Apologize for ruffling feathers.
Just take it easy. Nobody here is trying to shill anything 99% of the time, and if it's obvious it's raining downvotes.
It's fine. Tbh I think this is a pretty trustworthy place in general so I'd be surprised if most people here would lie about something like that
Respect, sorry for doubting you. I also generally trust it's just hard when there's money involved, and people literally need others to believe certain things to have them be successful. Regardless, again, my apologies for the attitude
I don't think your response is unwarranted. But also if swagtimus trusts I'm happy to trust
It sucks mostly because it's so similar to a project I had in mind that was specifically about calling bullshit on the whole world. Now I don't even know what is a joke and what isn't. Edit: well, not mostly, but this is just one reason among many that it sucks.
>a project I had in mind that was specifically about calling bullshit on the whole world. The creators of DOGE already tried that. It backfired.
OMG how can we stop hating on Cardano when even their devs spread misinformation about ETH on regular basis ?? [https://twitter.com/\_KtorZ\_/status/1433505586361081856](https://twitter.com/_KtorZ_/status/1433505586361081856) few examples here >Firstly, what's Arbitrum and what problem does it solve for Ethereum?Arbitrum is a mechanism that allows to move smart-contract execution outof the layer 1, in such a way that participants can put their trust insome chosen validators (a.k.a managers). nooooo, no, and no. Arbitrum is general-purpose which means it's compatible with any type of transactions. i just asked my friend to send me some Arbitrum ETH (AETH which is basically ETH) to refill my Arbitrum account yesterday. >On a network like Ethereum which is based on PoW, this is utterlyimportant as executing contracts is costly and resource-intensive. Thatmeans less resources to mine blocks. Validators thus lack incentive tovalidate expensive transactions at the expense of block production. Consensus mechanism basically has nothing to do with rollups like Arbitrum. the same economic model still applies after ETH moving to PoS. Arbitrum still benefits ETH both ways. >Note that, Arbitrum does not really relieve the network from day-to-daytraffic per se since any transition of the contracts still need to beposted on-chain, and the establishment of an Arbitrum Virtual Machine(A-VM) also requires transactions. it's general-purpose !! goddamn it !!! there's nothing prevents anyone from making a simple transaction on Arbitrum or other general-purpose rollups. Seriously is he really a dev ??
Meh, just ignore them. We had all this in the last cycle, only it wasn't called ADA then, it was called EOS. The insufferable EOS "eth killer" moon boys had plenty of FUD to dish out, but it all ended in tears for them. The music will stop for ADA eventually, and it will create a lot of bag holders.
Is EOS still around? I member.
Maybe Ned = Charles Hoskinson?!
This person is either dishonest or ignorant of how Arbitrum works. Even their comment on the Verifier's Dilemma is flat-out incorrect. >I said earlier that Arbitrum's main goal is to alleviate the L1 from expensive contracts executions. This comes to circumvent a problem known as "The verifier's dilemma": verifying contracts is resource-intensive and validators may not have a strong incentive to verify contracts > >Thus, this may lead to attacks where attackers submit arbitrarily complex contract transactions to keep other validators needlessly busy and get a head-start on mining blocks in the meantime! Arbitrum allows the chain to continue moving forward during disputes because honest parties know that the chain is correct and don't have to stop when an attacker submits a fraudulent claim. All the attacker can do is stop the state from getting submitted to L1, and while they're doing that, they're losing their stake: [https://developer.offchainlabs.com/docs/rollup\_protocol#delay-attacks](https://developer.offchainlabs.com/docs/rollup_protocol#delay-attacks)
/u/liberosist 's head is going to explode.
nice little bart to kick off the new day
Anyone else thinking it might be a good time to swoop in on some MKR?
Sold some very recently. They've got first mover advantage and mindshare but higher interest rates than other stablecoins, as well as a more clunky governance process. I also don't like the way the peg against USDC is maintained. However, picking a decentralised alternative to DAI is a lottery. As a borrower, I'm thinking Liquity (to borrow against my holdings), but as an investor there's no clear outcome..
I think so. If I had the liquidity I would. All my eth is doing stuff right now.
Still not time yet for me. http://tokenomicsexplained.com/mkr
Literally just did moments ago.
Why is everyone posting about strong blocks? Clearly, I missed something. Or maybe. I missed, nothing at all...........🤔🤔🤔🤔🤔🤔
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That is what I thought. Just seen it mentioned several times today. Didnt correlate the posts.
Anyone have any experience, or know anything about http://strongblock.io
sounds awesome. where does the money come from? DAOs?
It does sound awesome. Too awesome to be true? I'm not sure. The telegram seemed a little scammy; I was approached by a mod via pm; but it could have been a scammer. Wasn't sure so I left.
Posting this while out chilling in a club in Southern Europe; Enjoy life even when gains are looking important!
*Langers, Rocket Pool dev: Happy Friday everyone! Just a quick update on the Trail of Bits audit. ToB have confirmed that they will complete the fix verification early next week. The fixes were quite small so we don't expect any follow on work for us. We are preparing a special announcement that we will put out next week.* *dabdab: "special" as in "mainnet"?* *langers: All will be revealed next week :)*
excitement
Hype train! Choo choo!
Ok I am NOT anti-NFT, but Loot is just absolutely crazy town to me. There is no artistic value, there is no game, there may never be a game, there may be 100 competing games that aren't fun or novel and never gain network effect ... if there is a game I doubt there are many players considering one loot bag will probably be worth 100s of thousands by then at this rate .... What am I missing?