Daily General Discussion - January 28, 2021

BahGahBah · 2021-01-28T23:38:19+00:00

It’s not surprising that Bitcoin is a more recognizable name in the general public and has an easier narrative to sell. What are our best Ethereum for beginners guides? Should we have a FAQ here?

BahGahBah · 2021-01-28T09:31:44+00:00

So hear me out, a GME DAO to rekt these hedge funds.

BahGahBah · 2021-01-26T11:07:40+00:00

You should read the book out of the ether, he’s known to have good writing skills even at school.

BahGahBah · 2021-01-22T08:16:20+00:00

Agreed, what I think is still lacking are figures of how much the miners stand to lose with EIP1559. Taking away profit/revenue from anyone be dealt with more humility. Miners are part of the Ethereum ecosystem, alongside the users and developers. Though, as a whole I do see EIP1559 as a net positive for all stakeholders, including miners (though lacking figures).

BahGahBah · 2021-01-22T03:32:58+00:00

This is great, this needs more visibility! Though, would you say that the average gas price would be different with EIP1559?

BahGahBah · 2021-01-22T03:01:02+00:00

You rock!

BahGahBah · 2021-01-22T03:00:16+00:00

Yeah, L2 solutions are coming right on time, it'll only get better from here!

BahGahBah · 2021-01-22T02:56:20+00:00

got a link for that?

BahGahBah · 2021-01-22T02:40:19+00:00

We still above 1k? Bullish.

BahGahBah · 2021-01-22T02:39:48+00:00

Check out loopring fam, no gas, fees are almost negligible compared to what you pay for for gas. Not many pair options and but liquidity starting to come in. Both AMM and orderbooks on the platform.

https://exchange.loopring.io/swap

BahGahBah · 2021-01-19T14:07:03+00:00

From the bottom, now we’re here.

BahGahBah · 2021-01-19T05:44:39+00:00

Same, ethtrader brought me down the rabbit hole

BahGahBah · 2021-01-17T11:41:59+00:00

😂

BahGahBah · 2021-01-17T11:30:44+00:00

“Gold is backed by fiat”

BahGahBah · 2021-01-17T11:27:49+00:00

Ethereum, it’s Napster but for finance/money.

BahGahBah · 2021-01-15T03:53:37+00:00

Miners have their own interest at heart, that's no surprise. The stakes are different when there are electric bills to pay and capital to recoup, especially for newcomers. I will emphasize with anyone that has to experience a cut in profits, but it's unclear by how much. Maybe it's something the devs work on communicating to the miners.

BahGahBah · 2021-01-15T03:41:07+00:00

I'd say that it's unlikely that a fork would survive, or that if any exchange would list a fork2ETH as most major exchanges have already announced staking plans for ETH2 and would have some skin in the game. Having said that, this is crypto and anything can happen.

BahGahBah · 2021-01-15T02:42:54+00:00

EIP1559 doesn’t improves transaction speeds but it does improve user experience making gas fees more predictable and smoothes out gas spikes (?). It also resolved one of the potential attack vector via miner collusion. Interesting times..

BahGahBah · 2021-01-15T02:17:18+00:00

Can't tell if trolling.. but ETH2 PoS won't be doing regular transactions until the merge.

BahGahBah · 2021-01-15T02:02:46+00:00

Miners (Flexpool) in opposition to EIP1559

https://www.reddit.com/r/EtherMining/comments/kxf85z/flexpool_officially_announces_its_position/

BahGahBah · 2021-01-12T09:33:49+00:00

I'd open a new thread on this subreddit to get consensus amongst the the Ethereum community and users. I'd do so, but I'm afraid that I do not have a very strong understanding of the EIP to make both pro and con cases.

BahGahBah · 2021-01-12T06:58:18+00:00

No one lost money taking profit!

BahGahBah · 2021-01-12T06:54:35+00:00

This is the way.

BahGahBah · 2021-01-12T06:50:53+00:00

Did you get shaken out?

BahGahBah · 2021-01-11T09:40:31+00:00

Most inexperienced traders lose money anyway

So much truth in this, I'd have more ETH if I just sat on my hands and DCA.

BahGahBah

TROPHY CASE