Bitcoins/Litecoins/Virtual Currencies

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Zzen

Zzen

Potato del Grande
2,891
3,595
OheoHana said:
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Break

Break

Golden Baronet of the Realm
4,538
12,525
The ETH Rally recently has been a little nuts, up over 50% in the last week or two. Any thoughts on why it's gaining so much compared to BTC?
 
Mist

Mist

REEEEeyore
<Gold Donor>
31,251
23,483
Break said:
The ETH Rally recently has been a little nuts, up over 50% in the last week or two. Any thoughts on why it's gaining so much compared to BTC?
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Because you can build applications on it, and it's the foundation of other projects. Exit from useless shitcoins to Eth and Eth layer 2 projects is just going to push Eth up.

BTC fulfilling its role as a store of value, but there's nothing you can "do" with Bitcoin aside from move money around.
 
  • 1Worf
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Break

Break

Golden Baronet of the Realm
4,538
12,525
Mist said:
Because you can build applications on it, and it's the foundation of other projects. Exit from useless shitcoins to Eth and Eth layer 2 projects is just going to push Eth up.

BTC fulfilling its role as a store of value, but there's nothing you can "do" with Bitcoin aside from move money around.
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What apps are using ETH these days, anything popular?
 
Flobee

Flobee

Vyemm Raider
2,679
3,080
Break said:
What apps are using ETH these days, anything popular?
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You interested in some digital land?

Seriously though, their "merge" is apparently going to finally happen so I expect this run up is a buy the rumor sell the news situation. I'm still not convinced they'll do their merge, even though its a significantly pared down version of the original ETH 2.0 plan.

You see... ETH 2.0 has now been broken into 5 seperate parts starting with the "Merge". You can find the names of these stages below

• The Merge
• The Surge
• The Verge
• The Purge
• The Splurge

Lol, yea that's real. That's why its pumping because they can now apparently deliver 1/5th of their ETH 2.0 promise. By the way, it doesn't solve scaling issues just changes consensus to Proof of Stake. Oh yea... all that current ETH 2.0 thats locked up on the PoS chain is going to unlock so a dump is almost guaranteed IMO. People are ignorant, so price may keep going up over time, but the "Purge" is literally deleting historical data on chain, which defeats the entire purpose of a blockchain. Stupid...

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  • 1Worf
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Flobee

Flobee

Vyemm Raider
2,679
3,080
ETH is cooked boys. Assuming they go through with the PoS transition, as things stand right now, 66% of PoS validators will comply with OFAC regulations on Tornado Cash transactions (this is address obfuscation tech, mixers). What this means is that ETH will be censoring transaction on the base level of the protocol. PoS is a scam, ETH is centralized to the point where it has been effectively captured by the government in a single action (sanctioning 1 protocol). Feeling greedy for not selling the rest of my bags at $4k. Womp womp


 
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