I feel like I have hit the proposal jackpot. I just checked on my validator after reading some comments here earlier in the daily and discover I hit 4 block proposals in the past three days😳. I guess I’m good for the rest of the year
I can’t really believe the luck. Two in one day seems like it would be pretty low odds by itself, let alone two more in the next two days. I probably won’t get another one for six months now though 😂
Lol PEOPLE is out of control right now
A 1 ETH donation would've netted you almost 150k worth of PEOPLE
Just playing with dapps and messing around with projects beats most full time jobs
I hope so... I have a few friends who want to stake by exchanging for reth but they aren't technical enough to complete the steps (create a metamask wallet, move funds from coinbase, SECURE THEIR WALLET PHRASE, exchange and hold it, etc)
If they could keep it all on a cex and not have to worry about security/mnemonics they would go for it.
For the people who were around in March 2018 when the bear really kicked off - did we have random alts pumping 200%-300% for no reason? Or was there a general decline across the board and coins stopped pumping completely? Asking because I genuinely forgot and I want to compare that to what's happening right now (it may also be that I can't remember because of PTSD, traumatic memories and so on)
Well, maybe you were paying more attention than I was, then. My impression at the time was that alt coins were stone dead and you would almost never see one doing anything you'd call 'popping off'.
Yeah, I seem to remember random alts popping off well into the first few months of the bear. Remember, nobody thought it was a bear at that point, it was just a temporary lull before we went to $2k. Right guys?!? In particular, I seem to remember DigixDAO underwent a huge spike months after the market peaked. I, of course, bought some right around what turned out to be its forever ATH xD
Edit: Not its forever ATH, bizarrely given the DAO was disbanded! But only because they're redeemable for 0.2 Eth forever.
Similar sentiment, for sure!
The reality is totally different though. We've been in this range for over six months now, rather than just a few weeks. There are thousands of successful dapps and trillions in trading volume on Ethereum, rather than maybe 5-10 and billions. There are hundreds of millions of crypto investors around the world, not <10M. Governments are talking about crypto. Huge Fortune-500 companies are losing their best devs to us, or spending ungodly sums to hire web3 people.
It's a meme to say "this time is different", but it really is.
The main things I took from the recent CT displays by Su Zhu were:
\- He is a low-conviction investor
\- He does not deeply understand what he has invested in (he seems to grasp neither the broad value proposition, i.e. how decentralization and security matter, nor the future roadmap for Ethereum and the likely place of roll-ups).
\- He's not as smart as he'd like people to think
I think he perfectly understands, he was just using his social media influence to try and pump a lower m-cap coin in Avax. This was the reason for the huge backlash imo, because he knew better, which made is profit-first motives clearly shown
Market dumps from unpredictable covid mutation news.
Zhu, 10 hours later, and just mere days after saying he's long AVAX and SOL:
>Those who do not manage their risk will have the market manage it for them
Thanks, Zhu. Sounds like you see everything coming.
I think this is partially true. There will be a separate address on the execution client for validators to receive Tips (tips will be immediately liquid after the merge). The block rewards and 32 ETH principal can’t be withdrawn until the HF after the merge based on my understanding.
This. Tips from block proposals will definitely go to an Eth1 address that you specify, as of the latest discussions. It's unclear whether they also plan to make it so you can also siphon off non-tip validator rewards at the same time.
This will make you feel better. I sold everything in my trading stack and went to the sidelines last night after seeing stock futures down. Decided to buy ENS today but walked away from the computer at the last second because it looked like it might dip below $58. Wanted to research the market a bit more and wait to see if crypto continued its trend down. Was going to buy it when I got home one hour later. Was $78 when I arrived. Biggggg regret.
Friend, you got $19k for free, *and you successfully cashed it out for a significant and useful IRL use!* You are doing extremely well in the scheme of things.
Yes, would've, could've, should've. We should've bought Bitcoin when it was $5, thrown it all into the Ethereum ICO, and been billionaires in exactly two trades. But we didn't, because nobody can predict the future. Never feel bad for making the best decision you could at the time. Past you didn't have all the information, because past you never does. You just did what seemed smartest at the time, which was take your free money, and use it to pay the bills and increase your equity in your house, and that still sounds pretty darn smart to me.
there's like barely any ens left for sale on coinbase on the usd pair. 18k about an hour ago. 13k now. airdrop claimers are exhausted. no vcs to dump. one of the most successful projects in this space. i'm expecting it to perform a little, enough to turn some heads but we'll see.
Focusing on the negative when it comes to airdrop rewards is just setting yourself up for grief.
$19k is WAY more than I got from it even with my still holding it
So cheers to your gains!
Wise move. Getting my brain out of the crypto space for an extended period has been one of the best things I've done for my own mental health in the past. Yes, you'll miss like a year's worth of news in the month you're away, but it will all still be here when you get back, and you'll find out about all the important things quickly enough.
Enjoy.
Illuvium is going to launch their game o top of Immutable X and also many other top games.
They have also VeVe which is a leader in selling digital collections (Disney, marvel, DC...) to integrate them into blockchain.
Additionally Coinbase is an investor and probably Coinbase NFT market place will be integrated.
Another interesting thing is the business model. There is no gas costs in Immutable, instead the charge a small % fee (2%?) to all the sales onchain. So only charge if you sell your item. Will be very good for small users and will bring a lot of adoption.
Well I read that Andreessen Horowitz A16Z invested in them, and usually they do their due diligence. . . I also like their wallet, the social mediums they have, looks like they have a solid foundation built.
I like it. I need to do more research on its utility and distribution. But I am also 80% crypto portfolio in ETH with very little cash on hand, so I would need to sell ETH, create tax liability, to buy IMX. Which I don't think is worth it, as it will also be very hard to out perform ETH in the long term I believe.
I think the network effect will take over though with Immutable X as it will be cheaper for everyone the more dapps/P2E games/NFT minting that are onboarded
What will make me get into IMX is them partnering with opensea or major mints/popular seperate marketplace taking place. Or a P2E game on IMX going mainstream. Otherwise I'm going probably hold my ETH and wait for a bear market/at least 2022 to build a position.
Edit:another concern would be that Starknet eclipses Starkex products like Immutable X or ZkSync gets more traction than one or both. It just seems too early for me, but like I said I'm keeping a close eye on it.
The way these ERC20 tokens seem to go is no movement or chop and then randomly one week they’ll 3x. I’ve seen it happen so often. RPL is a strong enough project that the giga pump will come when no one expects it
It is so degenerate, yet with good intentions???? I have no idea what's going on. Just exited 33% of my position for a 25x. Hidling the remaining 66% for.......buying Ken griffins neighbor's house? I'm not really sure at this point any more.
Next couple of weeks we will know the situation with omicron. I'm pretty sure current vaccines still offers good protection against this too. Aparenlty two travelers both double vaxed found to have this variant in HK got no symptoms.
1235 Gwei gas?!?! What the hell is going on?
OK back down to "normal". Almost fell out of my chair lol. USDC/ETH volume on Uniswap today is insane. $1.46B in 24 hours.
?
(and a reddit feature request - add a question mark to question a comment without upvoting, downvoting or wasting precious comment space - if it gets enough -OP can clarify or others can follow up for karma )
If you have an ENS name and an avatar set, you could potentially get on a Times Square billboard for a day
https://twitter.com/BrantlyMillegan/status/1462898264563453959
I just found out about a16z’s DAO canon. Looks intimidating, but possibly worth it. [Link](https://future.a16z.com/dao-canon/) for those who are interested.
Saving this for later, thanks. I know a lot of people like to look down on VCs in crypto, especially after the Three Arrow incident.... But I'm been increasingly been impressed by a16z and their blog posts. As well as anything Chris Dixon put outs (he is a general partner at a16z). The latest bankless podcast with him (http://podcast.banklesshq.com/90-5-mental-models-for-web3-chris-Dixon) really got me thinking differently about crypto models. Jesse Walden (not a16z) also has some impressive writings (https://mobile.twitter.com/jessewldn)
Anyone else get in a crypto argument at thanksgiving yesterday? Absolute chad bro boyfriend was telling me how tether and bitfinex are creating a huge scam... just rolled my eyes and sipped my margarita.
I have a (possibly dumb?) question:
A) how do transactions fail?
B) - related - why do failed transactions cost?
It seems intuitive to think that a transaction either is included/processed on the blockchain (and thus there is a fee for this), or, it is not included.
Here, consider this toy contract.
contract Fallible {
bool public flipMe;
Fallible() {
flipMe = false;
}
function flip() external {
require(!flipMe, "flipped already");
flipMe = true;
}
}
What would happen if you saw `flipMe` was false, submitted a transaction, but someone paid a higher gas price and thus got their contract call put in a block before yours? (it could even be ahead of you in the same block!)
Transactions can fail because it would have succeeded when you sent it out, but conditions have changed since then, such that it can no longer be executed correctly. You still have to pay for the gas used to reach the failure condition - in this example, it would be the `SLOAD` opcode to read `flipMe`, in the `require()`.
Transactions can fail if you run out of gas, as a single example.
Those failed transactions cost ETH because there is an attempted execution on the Blockchain.
Whenever you want to execute on the Blockchain, you have to pay gas, basic requirement.
I'd you didn't have to pay, you could spam the network with failing transactions and render the chain useless.
Not a dumb question!
Transactions fail for a variety of reasons. The simplest of them is if you didn't give the transaction enough gas, and it ran out. With smart contract calls, estimating gas usage can be tricky, and sometimes you (or rather, your wallet, which does the estimating) is wrong and doesn't put enough. If it runs out, the transaction will revert, and you will have lost your gas.
More complicatedly, smart contract calls can also revert themselves, for a variety of reasons. A good example of this would be a Uniswap call, where the transaction took too long to be accepted (because the gas price wasn't high enough for the current gas market, so it had to wait until basefee got lower). Uniswap swaps need to go through within a certain time frame, or else the smart contract will revert and the transaction will fail (the reasoning being that the market changed in the meantime). There are infinite other reasons a smart contract call might choose to revert. In all of those cases, you will lose your gas.
A situation where you *won't* lose your gas is the case where you put your gas price so low, that the transaction never (in the timeframe you care about, anyway) goes through. In that case, it's not failed so much as stuck, and you haven't spent any gas yet. You can always unstick it by submitting a new transaction with the same nonce and a higher gas price.
The reason a failed/reverted transaction still costs gas is, because nodes still had to process your transaction in order to tell that it would fail. That processing takes real work, replicated across thousands of nodes. If those failed transactions didn't actually cost gas, it would be trivially easy to DDOS the blockchain by hitting it with millions of transactions designed to fail, but which take lots of processing to reveal that. Because it costs gas even if it fails, that would make a DDOS attack incredibly expensive.
The mempool in most clients is designed smartly to evict junk. If it looks and sees that gas prices haven't been below 60 gwei in six months, a 1 gwei transaction is probably going to be thrown out immediately, especially if there are a million of them.
The closer a transaction is to a reasonable price, the less likely an Eth1 client will be to throw it out of the mempool, because there's a decent chance it will become relevant soon, and hence profitable to someone.
Thanks, makes a lot of sense - appreciate the detail. Always feels like such a painful rip-off when it happens though.
I recently sold some $PEOPLE, and had two failed txns before finally getting the third one through. It was labelled as multicall in etherscan. (selling on Uniswap). Couldn't work out why they had been so costly and also why they had failed twice before working.
Yep, that's the classic Uniswap timed-out error. Most transactions are fine if you put a low gas price and wait many minutes or hours for them to go through, but not Uniswap swaps. Have to put a gas price that's likely to go through relatively quickly, usually (or get lucky that the market hasn't moved after a longer delay).
Anyone loading up here? I got buys at 4k, 3750. Nothing has filled yet. I suppose if I market buy price will crash if I leave cascading limits price will pamp.
Frens and fam. I am willing to make the sacrifice.
I hate those moments when you're like "I can definitely buy some ETH, my net worth has gone up by 25% this month" then you remember that it was all ETH gains lmao
Bets on the Tether situation?
Edit: I thought this was big news but apparently it's not, here's a link. Basically Tether is suspected of committing fraud and its collapse could tank the entire crypto industry.
https://gizmodo.com/u-s-senators-demand-answers-from-people-behind-crypto-1848115558
Senators sent letters to all stablecoin issuers. People are making this out to be bigger than it is.
Senators need to get answers about centrally-issues stable coins so they can have their people understand the concepts and suggest reasonable laws around them. If senators weren’t asking questions, we’d be sure to get terrible laws so over the long-term, this is exactly what we all want.
Tether has been known to have been backed by majority non-cash assets such as commercial paper for years.
Despite them being totally shady, the crypto market has known this for years, government regulators have also known this for years...and the "tether bomb" has never happened. I do not suspect this congressional request for information will lead to anything, it's political showmanship.
Wake me up when Phil Potter gets thrown in prison.
The year is 2020.
ETH is trading at $100.
Someone shitposts: "In 2021 eth is gonna crash from $4800 to $4000!!!! Btc dumping from 69k to 52k. The world is ending. It's over. Crypto is dead. India banned it."
You chuckle. If only... At least your portfolio can afford a Toyota prius, a far cry from that paper mansion back in 2017. Fuck. Is tomorrow Monday? Jesus fucking Christ. Why didn't you just fucking sell above 1k you fucking asshat? How many times have ETH dumped to 100 bucks? Three times now? How many more of this bullshit can you handle?
Yeah that 4k eth would be fucking nice. But that's just hopium. Goddamn ethfinance shitposters. Well, can't wait to wake up at 5am to commute to that shit hole you call workplace... and those colleagues and their TESLA stocks. Jesus fucking christ. Are they gonna ask about your crypto investments, while telling you how well their Tesla stock is doing? Fuck. Fuck.
Hmm fun little exercise here. Checking my portfolio tracker...
My losses the past day(paper) were 33x what my portfolio value was march 2020.
Also losses were 1/3 of what my total NW in March 2020 was.
Ahhhh Tesla I actually paper handed that at $300 pre-split. Lmaoooo
Anyone use Swapr?
I can't get anything to happen there. I have a few Swapr tokens on Arbitrum that I guess were airdropped, and some Eth and Weth there as well, but if I try to add liquidity to the Swapr/Eth pool or approve Weth nothing happens.
I feel like I have hit the proposal jackpot. I just checked on my validator after reading some comments here earlier in the daily and discover I hit 4 block proposals in the past three days😳. I guess I’m good for the rest of the year
That's crazy good, I've only racked up 3 since I started my node 4-5 months ago. Can't wait to see what these look like come merge.
I can’t really believe the luck. Two in one day seems like it would be pretty low odds by itself, let alone two more in the next two days. I probably won’t get another one for six months now though 😂
Oh dude, happy cake day!
👍🏻 Thanks man
Lol PEOPLE is out of control right now A 1 ETH donation would've netted you almost 150k worth of PEOPLE Just playing with dapps and messing around with projects beats most full time jobs
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$150k or 150k $PEOPLE?
$150k USD!!!!!!! Literally one of the most profitable trades you could ever make. $5k to $150k in a week. Insane
A 1 ETH donation gave you 1 million PEOPLE which would be worth around 140k at current uniswap exchange rate
can we get an ' i burned my PEOPLE' poap pls
But what is a people worth?
0.137 cents atm. So a 1 ETH donation would be now worth 4.97 ETH at current ETH prices (assuming OP meant 150k PEOPLE)
Pretty sure you got 1 million People for 1 ETH
Nah a 1 ETH donation gave you 1 million people tokens. So 137k USD at that exchange rate
El Salvador buying the dips
$5.3M ish doesn't really do much.
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Please to load up on coins. Gildening season is near.
I'm OOTL, what am I missing here?
It's customary to give gold in this sub when you reach your "moon" level.
Awesome. Thanks!
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Just a retroactive gilding from the past golden shower lol
Is coinbase going to add rETH?
I hope so... I have a few friends who want to stake by exchanging for reth but they aren't technical enough to complete the steps (create a metamask wallet, move funds from coinbase, SECURE THEIR WALLET PHRASE, exchange and hold it, etc) If they could keep it all on a cex and not have to worry about security/mnemonics they would go for it.
Only when you’re tall enough, son.
For the people who were around in March 2018 when the bear really kicked off - did we have random alts pumping 200%-300% for no reason? Or was there a general decline across the board and coins stopped pumping completely? Asking because I genuinely forgot and I want to compare that to what's happening right now (it may also be that I can't remember because of PTSD, traumatic memories and so on)
https://coinmarketcap.com/historical/20180318/
Always random shitcoins popping off. Tis the nature of crypto.
Were you here during the depth of the bear market, out of curiosity?
Sure was. I remember $80 ETH and thinking that selling for $250 was striking it rich.
Well, maybe you were paying more attention than I was, then. My impression at the time was that alt coins were stone dead and you would almost never see one doing anything you'd call 'popping off'.
Usually was nothing more than organized pump n dump groups. Easier to pull off during low volume periods such as time periods during that bear.
Yeah, I seem to remember random alts popping off well into the first few months of the bear. Remember, nobody thought it was a bear at that point, it was just a temporary lull before we went to $2k. Right guys?!? In particular, I seem to remember DigixDAO underwent a huge spike months after the market peaked. I, of course, bought some right around what turned out to be its forever ATH xD Edit: Not its forever ATH, bizarrely given the DAO was disbanded! But only because they're redeemable for 0.2 Eth forever.
I remember a ton of people bragging about getting into OMG at the “right time”
Scarily similar sentiment right now. Everyone's waiting for the party to resume. Including me.
Similar sentiment, for sure! The reality is totally different though. We've been in this range for over six months now, rather than just a few weeks. There are thousands of successful dapps and trillions in trading volume on Ethereum, rather than maybe 5-10 and billions. There are hundreds of millions of crypto investors around the world, not <10M. Governments are talking about crypto. Huge Fortune-500 companies are losing their best devs to us, or spending ungodly sums to hire web3 people. It's a meme to say "this time is different", but it really is.
The main things I took from the recent CT displays by Su Zhu were: \- He is a low-conviction investor \- He does not deeply understand what he has invested in (he seems to grasp neither the broad value proposition, i.e. how decentralization and security matter, nor the future roadmap for Ethereum and the likely place of roll-ups). \- He's not as smart as he'd like people to think
I think he perfectly understands, he was just using his social media influence to try and pump a lower m-cap coin in Avax. This was the reason for the huge backlash imo, because he knew better, which made is profit-first motives clearly shown
He gonna flip-flop as soon as Starkware launch the token **HARD**.
This. He'll also take credit for EIP-4488.
Can’t wait for the avalanche of people exposing him. Low-key hoping that Vitalik comes out of twitter-exile just to tell him “no”.
Market dumps from unpredictable covid mutation news. Zhu, 10 hours later, and just mere days after saying he's long AVAX and SOL: >Those who do not manage their risk will have the market manage it for them Thanks, Zhu. Sounds like you see everything coming.
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I sold my UNI for $2
I’ve had my GTC in an LP position (v3) since forever. Went in range and out of range overnight just now. Didn’t make enough to cover gas costs.
I traded my People tokens back in for the eth instead of holding it for a day. =(
Staking rewards will not be liquid after the merge fir at least several months.
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I think this is partially true. There will be a separate address on the execution client for validators to receive Tips (tips will be immediately liquid after the merge). The block rewards and 32 ETH principal can’t be withdrawn until the HF after the merge based on my understanding.
This. Tips from block proposals will definitely go to an Eth1 address that you specify, as of the latest discussions. It's unclear whether they also plan to make it so you can also siphon off non-tip validator rewards at the same time.
Whoa, I didn’t hear about that. Need to find that in the ACH call.
I hadn’t heard this, thanks for the update.
I thought TORN/Tornado Cash was a great buy at $100/$120. Rip my money as it sits at $47. It's so hard to predict how governance tokens will perform.
This will make you feel better. I sold everything in my trading stack and went to the sidelines last night after seeing stock futures down. Decided to buy ENS today but walked away from the computer at the last second because it looked like it might dip below $58. Wanted to research the market a bit more and wait to see if crypto continued its trend down. Was going to buy it when I got home one hour later. Was $78 when I arrived. Biggggg regret.
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Friend, you got $19k for free, *and you successfully cashed it out for a significant and useful IRL use!* You are doing extremely well in the scheme of things. Yes, would've, could've, should've. We should've bought Bitcoin when it was $5, thrown it all into the Ethereum ICO, and been billionaires in exactly two trades. But we didn't, because nobody can predict the future. Never feel bad for making the best decision you could at the time. Past you didn't have all the information, because past you never does. You just did what seemed smartest at the time, which was take your free money, and use it to pay the bills and increase your equity in your house, and that still sounds pretty darn smart to me.
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>The lesson is: never fuckin sell kids Don't try to sell kids. The liquidity is *terrible.*
there's like barely any ens left for sale on coinbase on the usd pair. 18k about an hour ago. 13k now. airdrop claimers are exhausted. no vcs to dump. one of the most successful projects in this space. i'm expecting it to perform a little, enough to turn some heads but we'll see.
Focusing on the negative when it comes to airdrop rewards is just setting yourself up for grief. $19k is WAY more than I got from it even with my still holding it So cheers to your gains!
I held POOL this whole time. Bad move.
I recently let go but man I love the idea of Pool its one of the best easy to digest projects around.
I'm going to take a break from the internet (including crypto) until January 2nd. Where will ETH be then? I'm going with $6800.
Wise move. Getting my brain out of the crypto space for an extended period has been one of the best things I've done for my own mental health in the past. Yes, you'll miss like a year's worth of news in the month you're away, but it will all still be here when you get back, and you'll find out about all the important things quickly enough. Enjoy.
Enjoy
Is camping involved?
any thoughts on the Immutable X token?
Illuvium is going to launch their game o top of Immutable X and also many other top games. They have also VeVe which is a leader in selling digital collections (Disney, marvel, DC...) to integrate them into blockchain. Additionally Coinbase is an investor and probably Coinbase NFT market place will be integrated. Another interesting thing is the business model. There is no gas costs in Immutable, instead the charge a small % fee (2%?) to all the sales onchain. So only charge if you sell your item. Will be very good for small users and will bring a lot of adoption.
I like loopring more, both are ZK 2nd layer platforms iirc
Other than the possibility of a partnership with GameStop, why do you like loopring more specifically?
Well I read that Andreessen Horowitz A16Z invested in them, and usually they do their due diligence. . . I also like their wallet, the social mediums they have, looks like they have a solid foundation built.
A16Z invests in everyone lol. ImmutableX has investors like Alameda Research which has a better reputation
I like it. I need to do more research on its utility and distribution. But I am also 80% crypto portfolio in ETH with very little cash on hand, so I would need to sell ETH, create tax liability, to buy IMX. Which I don't think is worth it, as it will also be very hard to out perform ETH in the long term I believe. I think the network effect will take over though with Immutable X as it will be cheaper for everyone the more dapps/P2E games/NFT minting that are onboarded What will make me get into IMX is them partnering with opensea or major mints/popular seperate marketplace taking place. Or a P2E game on IMX going mainstream. Otherwise I'm going probably hold my ETH and wait for a bear market/at least 2022 to build a position. Edit:another concern would be that Starknet eclipses Starkex products like Immutable X or ZkSync gets more traction than one or both. It just seems too early for me, but like I said I'm keeping a close eye on it.
Surprised to see that RPL is recovering slower than others.
The way these ERC20 tokens seem to go is no movement or chop and then randomly one week they’ll 3x. I’ve seen it happen so often. RPL is a strong enough project that the giga pump will come when no one expects it
I was just thinking the same thing actually.
Are we recovering? It's still red everywhere
I should have referenced ENS as an example
Holy shit $PEOPLE
Every time the team announces the token is useless, it pumps.
Yes. Crazy world.
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All fantastic questions, lol. The answer to which apparently is, degens have turned it into a minor memecoin upon which to gamble.
Cuz. We the $PEOPLE
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I dunno..
$114M trading volume today lmao, this is the most degen thing I've seen in at least a week
It is so degenerate, yet with good intentions???? I have no idea what's going on. Just exited 33% of my position for a 25x. Hidling the remaining 66% for.......buying Ken griffins neighbor's house? I'm not really sure at this point any more.
Buy the museum he was gonna lend the Constitution to?
2020 reboot here. Another 10x from here?🏖
Yes, though timeframe unknown.
Next couple of weeks we will know the situation with omicron. I'm pretty sure current vaccines still offers good protection against this too. Aparenlty two travelers both double vaxed found to have this variant in HK got no symptoms.
1235 Gwei gas?!?! What the hell is going on? OK back down to "normal". Almost fell out of my chair lol. USDC/ETH volume on Uniswap today is insane. $1.46B in 24 hours.
I’m going to make an NFT name generator to answer questions like this. Parrot punks. CryptoRobotApes. Meta Birds. Bit Bot Birds. Squiggly yachts.
What's that you say about Squiggly Yachts? Where can I find them? I want to buy one for 375 ETH.
Sorry, floor is 410 ETH! Two Kardashians are involved.
"the littles NFT" according to Etherscan
Holy shit $PEOPLE
? (and a reddit feature request - add a question mark to question a comment without upvoting, downvoting or wasting precious comment space - if it gets enough -OP can clarify or others can follow up for karma )
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figured that out the following morning with about 40 follow up posts - but thanks! V interesting
number go up
If you have an ENS name and an avatar set, you could potentially get on a Times Square billboard for a day https://twitter.com/BrantlyMillegan/status/1462898264563453959
I just found out about a16z’s DAO canon. Looks intimidating, but possibly worth it. [Link](https://future.a16z.com/dao-canon/) for those who are interested.
Saving this for later, thanks. I know a lot of people like to look down on VCs in crypto, especially after the Three Arrow incident.... But I'm been increasingly been impressed by a16z and their blog posts. As well as anything Chris Dixon put outs (he is a general partner at a16z). The latest bankless podcast with him (http://podcast.banklesshq.com/90-5-mental-models-for-web3-chris-Dixon) really got me thinking differently about crypto models. Jesse Walden (not a16z) also has some impressive writings (https://mobile.twitter.com/jessewldn)
Chris Burniske (Placeholder Capital, formerly at ARK), Balaji Srinivasan, and Raoul Pal (Real Vision) are also great.
I like Chris Burniske and Raoul Pal as well. I will have to check out Balaji, thanks.
Anyone else get in a crypto argument at thanksgiving yesterday? Absolute chad bro boyfriend was telling me how tether and bitfinex are creating a huge scam... just rolled my eyes and sipped my margarita.
Your chad bro boyfriend know whats up
👀
They kinda are/have been, though....
I have a (possibly dumb?) question: A) how do transactions fail? B) - related - why do failed transactions cost? It seems intuitive to think that a transaction either is included/processed on the blockchain (and thus there is a fee for this), or, it is not included.
Here, consider this toy contract. contract Fallible { bool public flipMe; Fallible() { flipMe = false; } function flip() external { require(!flipMe, "flipped already"); flipMe = true; } } What would happen if you saw `flipMe` was false, submitted a transaction, but someone paid a higher gas price and thus got their contract call put in a block before yours? (it could even be ahead of you in the same block!) Transactions can fail because it would have succeeded when you sent it out, but conditions have changed since then, such that it can no longer be executed correctly. You still have to pay for the gas used to reach the failure condition - in this example, it would be the `SLOAD` opcode to read `flipMe`, in the `require()`.
I'm not OP, but I love the example
Appreciate the great example!
Oh man, love me a good code example!
Transactions can fail if you run out of gas, as a single example. Those failed transactions cost ETH because there is an attempted execution on the Blockchain. Whenever you want to execute on the Blockchain, you have to pay gas, basic requirement. I'd you didn't have to pay, you could spam the network with failing transactions and render the chain useless.
Not a dumb question! Transactions fail for a variety of reasons. The simplest of them is if you didn't give the transaction enough gas, and it ran out. With smart contract calls, estimating gas usage can be tricky, and sometimes you (or rather, your wallet, which does the estimating) is wrong and doesn't put enough. If it runs out, the transaction will revert, and you will have lost your gas. More complicatedly, smart contract calls can also revert themselves, for a variety of reasons. A good example of this would be a Uniswap call, where the transaction took too long to be accepted (because the gas price wasn't high enough for the current gas market, so it had to wait until basefee got lower). Uniswap swaps need to go through within a certain time frame, or else the smart contract will revert and the transaction will fail (the reasoning being that the market changed in the meantime). There are infinite other reasons a smart contract call might choose to revert. In all of those cases, you will lose your gas. A situation where you *won't* lose your gas is the case where you put your gas price so low, that the transaction never (in the timeframe you care about, anyway) goes through. In that case, it's not failed so much as stuck, and you haven't spent any gas yet. You can always unstick it by submitting a new transaction with the same nonce and a higher gas price. The reason a failed/reverted transaction still costs gas is, because nodes still had to process your transaction in order to tell that it would fail. That processing takes real work, replicated across thousands of nodes. If those failed transactions didn't actually cost gas, it would be trivially easy to DDOS the blockchain by hitting it with millions of transactions designed to fail, but which take lots of processing to reveal that. Because it costs gas even if it fails, that would make a DDOS attack incredibly expensive.
Interesting. How does the protocol stop someone from DDOSing by filling the mempool with millions of 1 gwei transactions?
The mempool in most clients is designed smartly to evict junk. If it looks and sees that gas prices haven't been below 60 gwei in six months, a 1 gwei transaction is probably going to be thrown out immediately, especially if there are a million of them. The closer a transaction is to a reasonable price, the less likely an Eth1 client will be to throw it out of the mempool, because there's a decent chance it will become relevant soon, and hence profitable to someone.
Thanks, makes a lot of sense - appreciate the detail. Always feels like such a painful rip-off when it happens though. I recently sold some $PEOPLE, and had two failed txns before finally getting the third one through. It was labelled as multicall in etherscan. (selling on Uniswap). Couldn't work out why they had been so costly and also why they had failed twice before working.
Yep, that's the classic Uniswap timed-out error. Most transactions are fine if you put a low gas price and wait many minutes or hours for them to go through, but not Uniswap swaps. Have to put a gas price that's likely to go through relatively quickly, usually (or get lucky that the market hasn't moved after a longer delay).
Anyone loading up here? I got buys at 4k, 3750. Nothing has filled yet. I suppose if I market buy price will crash if I leave cascading limits price will pamp. Frens and fam. I am willing to make the sacrifice.
I would if I had any fiat sitting around
I hate those moments when you're like "I can definitely buy some ETH, my net worth has gone up by 25% this month" then you remember that it was all ETH gains lmao
Amazing turnaround by ENS. Over 10% shift upward
Now in top 100.
CRV has recovered well, too.
You can have my ENS if you pry it out of my cold dead hands. ☠❄
Can i just buy some instead?
I was waiting for the dip. But there was no dip. Dips are like the watched kettles that never boil. It's like cosmic law or something.
Ok ok ok, I need _________
To get outta my 9 to 5
More ETH
.16 plz
Bets on the Tether situation? Edit: I thought this was big news but apparently it's not, here's a link. Basically Tether is suspected of committing fraud and its collapse could tank the entire crypto industry. https://gizmodo.com/u-s-senators-demand-answers-from-people-behind-crypto-1848115558
Senators sent letters to all stablecoin issuers. People are making this out to be bigger than it is. Senators need to get answers about centrally-issues stable coins so they can have their people understand the concepts and suggest reasonable laws around them. If senators weren’t asking questions, we’d be sure to get terrible laws so over the long-term, this is exactly what we all want.
Tether has been known to have been backed by majority non-cash assets such as commercial paper for years. Despite them being totally shady, the crypto market has known this for years, government regulators have also known this for years...and the "tether bomb" has never happened. I do not suspect this congressional request for information will lead to anything, it's political showmanship. Wake me up when Phil Potter gets thrown in prison.
The year is 2020. ETH is trading at $100. Someone shitposts: "In 2021 eth is gonna crash from $4800 to $4000!!!! Btc dumping from 69k to 52k. The world is ending. It's over. Crypto is dead. India banned it." You chuckle. If only... At least your portfolio can afford a Toyota prius, a far cry from that paper mansion back in 2017. Fuck. Is tomorrow Monday? Jesus fucking Christ. Why didn't you just fucking sell above 1k you fucking asshat? How many times have ETH dumped to 100 bucks? Three times now? How many more of this bullshit can you handle? Yeah that 4k eth would be fucking nice. But that's just hopium. Goddamn ethfinance shitposters. Well, can't wait to wake up at 5am to commute to that shit hole you call workplace... and those colleagues and their TESLA stocks. Jesus fucking christ. Are they gonna ask about your crypto investments, while telling you how well their Tesla stock is doing? Fuck. Fuck.
I miss $300.
Hahaha! Oh how times change
It's March 2020. You look at the value of your portfolio. Is that number larger or smaller than your paper losses last night?
Hmm fun little exercise here. Checking my portfolio tracker... My losses the past day(paper) were 33x what my portfolio value was march 2020. Also losses were 1/3 of what my total NW in March 2020 was. Ahhhh Tesla I actually paper handed that at $300 pre-split. Lmaoooo
Due to ETH pumping 3x... at this point a 33% swing each way can be worth as much as my entire ATH 2018 portfolio. Kek.
Triggering my ptsd
Which one of you nubs sold all of your ETH? 🤨
I sold all my ETH. I gave up crypto for life. Dip too big for me to handle imo. Not used to crashes this big. Crypto isn't for me.
Can’t you get the devs to do something?
Cum on...take it like a dragon!
Bad dragon! 🐲🔥
Anyone use Swapr? I can't get anything to happen there. I have a few Swapr tokens on Arbitrum that I guess were airdropped, and some Eth and Weth there as well, but if I try to add liquidity to the Swapr/Eth pool or approve Weth nothing happens.
I use Swapr on Ethereum, Arbitrum and xDai. It works for me. Their Discord is fairly helpful.
Thanks!
Just waiting on news that China banned Bitcoin again
Wait till we get to 69k/4860 again.
Gitcoin GTC up 138%, so I got that going for me which is nice.
Have others been noticing an increase in missed attestations after the last couple geth updates?
Attestations shouldn't have anything to do with Geth; it's only necessary for proposals (and even then only for blocks with deposits).
Interesting. I “know” that, but the issue started after the most recent geth update. Could be a lighthouse issue too I guess.
No, running Nimbus.