ETH rules, BTC drools:
ETH supporters trust Vitalik and so should you two. He is likely the smartest guy in all of crypto. If you don't think he thought about this topic, you are insane. Just not a big deal.
I don’t care one way or another. The fact that it wasn’t being discussed was the topic here. But that is starting to change, his core dev team is questioning it. Guess they are insane
If you believe in crypto you’re buying it now. If you don’t, you can find a million reasons not to.
I think you answered your own question unless you’re a buy high sell low kind of guy.
Nothing I've been posting on ETH in the last week has anything to do with price. It's all about long term sustainability of the project relative to the changes they're about to implement. Enjoy the #buythenews momentETH rules, BTC drools:
Ether is up 100% since its bottom in June, massively outperforming bitcoin
Since finding a bottom in mid-June, ether is up 106% and bitcoin is 31% higher as investors anticipate a major upgrade to the ethereum blockchain.www.cnbc.com
😜
Lol. 1 person = corruptible. Sadly, his time will come
Yeah, a lot of the on chain people I follow seem to think we're going to go lower again. I think it all depends on the market, as it's still correlated unfort. If the market shits the bed further btc will follow.
Tesla still holds 25% of its btc holdings, what... a week after announcing layoffs? Musk has been adamant that he sold to have more CoH in uncertain times.
Again, not to be argumentative, but where are the use cases and tech? There simply is no adoption - period. Up until the recent crypto winter, BTC had evangelists pushing it everywhere, yet nothing happened other than driving it up to $69K with predictions of $100K+ only to have it drop off a cliff under $20K. Even Musk/Tesla basically bailed after hyping it to no end. I have a few friends that own BTC and whenever I ask them why they continue to hold it they always answer the same = “because it may go way higher at some point”. It’s like a lottery ticket to them.
You may very well be right in the end because our Gov’t and the World have serious problems, but with all due respect this sounds like someone wearing a tin foil hat living in Appalachia. 99% of the World simply doesn’t care or are too lazy or hopeless to care. BTC won’t change any of this especially if everyday people still have no idea what BTC really is or how it’s beneficial and useful to society. I challenge any hodler to perform a simple test = at the next social gathering (BBQ, party, etc.) ask each person during the course of the day/night a few questions about BTC and it’s benefits. The answers are shocking. Nobody knows or cares about it. I think regulation will help but it’s adoption that ultimately holds BTC fate.
Lol. Guess I become a mountaineer overnight. Why perform that test? It's early. Can you Doc Brown back to 1995 and ask bbq guests what an "e-mail" is? Outside of a handful of techies, who cared what an email is. Before you retort about the year, move the year +/- a year or two; it doesnt really matter. But the reality is like everything else the population doesnt see the need for something until it beats them over my head. I vividly recall my father in law who was stumped on some doo wop song and it drove him insane as he didnt know more than a few lines of the song. 90 seconds later I had an answer "googled" for him. That was the exact lightbulb moment that went off in his head and "googling" became on par with "xeroxing" or any other boomer expression.
I personally use Solana. As far as their tech it can process transactions as fast as visa for a fraction of the cost. Same goes for online storage. Casinos, metaverse office space, NFT’s etc etc. I know the response from some will focus on connectivity, security, etc. All true but it’s in its infancy, all issues that should be expected. Crypto adoption doesn’t need to happen all at once, but it’s surely happening.
Currently just NFTs. There’s a sol swipe debit card launching this month that I considered. The fee is too high for my liking as it’s an offshore account but it’s another step in the right direction. SolanaPay has been raved about and would be an option if it continues to develop
www.fool.com
I’m glad you brought the store up because that’s where I get lost on how these crypto foundations work. I know Solana Foundation is a non-profit but where do they get the money to open a store in one of the most expensive retail areas in the country (Hudson Yards) and who actually makes that decision to go brick-and-mortar to sell NFTs? BTW, the store itself looked cool although sort of counterintuitive to the whole digit movement.
Counterintuitive but a good marketing ploy to get eyes on your product. I’m guessing the foundation holds a healthy amount of Sol so anything they do to increase the price is worth it.
So 26 years after the internet was born you (we) began to see mass adoption and changes to the way we live our lives. Looks like crypto has a few years left to build using that timeframe.
... and there's this.
huh? they've already issued sovereign debt using the eth network. This doesn't even account for other practical applications like gaming, design, etc
I think you miss the point a bit on the payment processing. You don't need to own crypto for your payment to go through one of these networks. They are faster and cheaper, once they become more secure and adoptable, you'll see them more and more. As bob mentioned, if there wasn't promise in the tech, why are all of these high profile companies investing in it?
you said it had no practical applications, I just gave one example of it's real world use. In this example I cited, it allows for faster application to market among other things.
Can you elaborate? Why would Zoom/metaverse meetings be “built on…the chains”? Why would Ps/XBox give way to blockchain games (although I’m sure NFTs will become a big part of gaming)? Companies like Zoom, Microsoft, etc. aren’t going to build their infrastructure/applications “on the chains”. At best, tech like blockchain or NFTs become plug-ins. So where does crypto/Web3 intersect with everyday people so that it can change the world?
I think everyone agrees blockchain technology can be disruptive. If you remove the tokenization from the conversation and just focus on the tech- its faster, cheaper, more secure and allows for more interoperability. IBM's work on their blockchain platforms is a great example of this. The technology is better, its a matter of whether or not companies are pushed to be interoperable. In my opinion, they will be.
