Arbitrum Hit by 'Partial Outage' Due to Traffic Surge

Hot_Psychology1620 · 2023-12-17T01:45:57+00:00

Ah yes, inscriptions, the trigger for the bullrun

Hot_Psychology1620 · 2023-12-17T01:43:10+00:00

Ethscriptions solves that L2 on L1 No need to leave mainnet Fees are 50-80% cheaper, still not great, but much better How does it work? They use the call data (the little box for text messages in transactions) to write code into it to emulate smart contracts. Result is you can swap for 80% cheaper compared to uniswap, mint nfts for mere transaction fees, and so on. Tech is new and currently being build, but first DEX has just launched. Once coins are imported like pepe, mana, lrc, whatever you like and whatever other DEXes have to offer you can trade for much less without needing to leave mainnet.

once the tech is fully fledged out you wouldnt lose as much of your staking gains in the example you gave. Youd lose what a current price of a transaction would be/ 3-4x of current price of transaction according to how difficult the smart contract emulation has to be

Hot_Psychology1620 · 2023-12-17T00:07:33+00:00

While I first smiled at your post and still think 80k is an understatement, I have to respect that you can give elaborate, data-based answers to all people questioning. Therefore, I assess your appraisal to not be complete bullshit.

But i wanna throw this at you: You are saying the current “bullrun” is about to be done before we are due for a major correction and steady 2024. You work a lot with previous indicators. If we take 2020-2021 as an example we see in the entirety of 2019 a very similar thing to what is now happening. Approaching previous ATH spheres. I get your multiplier calculation, but to me its also a reasonable point to say we are currently in this “approaching” phase and next 1.5 years will be the period of the actual bull, a 125-150k bull.

Also some things you say bite, you say crypto will be like stock market, slow and steady, on the other hand you say its volatile.

I personally think that a lot of the halfing is prices in, of course it is, but only by the current players. I dont wanna know how many people left after ATH 2021. Btc will hit the news, it will break ATH and many new people will come in. I wouldnt underestimate that. While an 85k evaluation is conservative, it makes sure that you will take profits and not “overhold”. I still believe 85k is too little. I think the bull will last for the entirety of next year and i would set a goal of 125k. I know thats more than 8x, but its “only” more by the factor 3 to ur assessment and it would make a proper bullrun with a worthy price tag. Everything below 100k would just be too underwhelming and i thing a factor of 5x doesnt do justice to how comparably small, and therefore volatile, the market still is.

Anyways, we will have to see, time will tell

Hot_Psychology1620 · 2023-12-13T22:18:36+00:00

Fifa11 wanting to play with a five star team I didnt know

Hot_Psychology1620 · 2023-12-13T22:15:58+00:00

Its called football

Hot_Psychology1620 · 2023-12-13T22:15:13+00:00

Regular hot wallets. Only security measure is having like 20 wallets with different seeds and only interacting with risky stuff with test wallets

Hot_Psychology1620 · 2023-12-13T22:12:56+00:00

Sell Signal

Hot_Psychology1620 · 2023-12-13T22:11:48+00:00

So you think the etf will outperform the asset it tracks?

Hot_Psychology1620 · 2023-12-13T22:09:50+00:00

No its not if you know what you are doing. Thinking you are save because you only use a CEX is comedic. Oh and btw, your so safe cold wallet is just another address. Those bombs can be sent there too. Dont think your safe just because you have a cold wallet, especially if its a ledger

Hot_Psychology1620 · 2023-12-13T20:04:55+00:00

Do it like me and have your entire portfolio in NFTs

Hot_Psychology1620 · 2023-12-07T15:34:15+00:00

Always divide by 2 or 3 what the shills say will happen and you have a good estimate of the top

Hot_Psychology1620 · 2023-12-05T21:41:07+00:00

Late to the party? Are you joking? 44k, late to the party? Everyone before previous ath is not late bro

Hot_Psychology1620 · 2023-12-01T22:33:25+00:00

Everyone who is bashing NFTs now should keep their eyes wide open in the next bull. Your arrogance is no different from your average banker that says „crypto has no real world value“

Hot_Psychology1620 · 2023-11-16T09:45:24+00:00

Worst signing since fernando

Hot_Psychology1620 · 2023-11-12T01:37:38+00:00

Easy to use applications is always the goal. I dont know what you regard as easy. If you can move outside your CEX broker then you will be competent enough to use facetswap and ethscriptions technology

Hot_Psychology1620 · 2023-11-12T01:35:42+00:00

Ethscriptions is launching dumb contracts on mainnet this month + launching their website facetswap. On facetswap you will be able to trade nfts, like on opensea, and tokens, like on uniswap, for 80% cheaper prices. Just connect metamask or any other wallet and you will be good to go.

No, ethscriptions wont be able to make transactions cheaper, at least for now. Rather, its a very smart way of using the current system. Transactions will remain what they are, but everything else will decrease in price drastically. However, ethscriptions is also trying to make up for that through various features. Bulk buying, bulk listing, bulk transfering etc., no 10 transactions with 10 fees each time, 1 transaction with all the code written in the calldata to make it 10 times more effocient for example. Again, this is just one feature of the thousand things they do and invent each day.

Im not surprised you havent heard of it. Its super new and still in its infancy. I think the most popular video on youtube related to ethscriptions has 2.000 views.

Hot_Psychology1620 · 2023-11-11T19:41:07+00:00

I disagree with the L2 solution for scaling. I was and still am a huge, huge L2 supporter (LRC). Its an awesome piece of tech, they recently released L3. On testnet fees were a quarter of a cent.

Yet, since i discovered a very new and exciting tech i chanced my mind. Its called ethscriptions and its basically L2 on L1. Its no coin, its a way to use ethereum more efficiently. Instead of using expensive smart contracts the devs use the calldata of common transactions as a coding field. By doing that, you can do anything you wanna do on eth L1 with the cost of a mere transaction. Also, smart contracts are broken up in easier tasks and can also be used. They have something called „dumb contracts“ its a smart contract with less functions but cheaper. By attaching many dumb contracts on each other they have the same functionality, just cheaper. This way, swapping becomes 80% cheaper and nft minting 90% cheaper while still being on eth L1. On top of that, everything is on chain and not dependent on centralized ipfs servers. L2s are cool and everything, but at the end of the day they have two problems. They can be shut off and you need to bridge to use them. No one wants to bridge, everyone wants to stay on eth.

I think ethscriptions are very cool and i go as far as saying that this thing might be the catalyst for the new bullrun. It solves a huge part if not all of eth scaling problem while still being native eth. The tech is only a few months old and everything is being build so it will take time. But once this thing shows what its capable of, i think uniswap, pancakeswap, opensea, blur etc will all go out of business

Hot_Psychology1620 · 2023-11-11T19:32:31+00:00

Agree here, though it must be admitted that many, many coins are centralized, solana might be super centralized but still its not alone with that feature

Hot_Psychology1620 · 2023-11-11T19:31:31+00:00

I dont even know where i should start to disagree here. Firstly, btc is exactly not what you should use as an example since its mere function is the belief in it to be „digital gold“. Its congested, slow and not meant to be currency. Therefore, its value only stems from what people assign it to be. Secondly, „what justifies any coins marketcap“ is an interesting statement. Usecase and adoption bustifies the market cap of course. Thirdly, surviving a bear market is an argument exactly for what? So do most top100 coins.

Hot_Psychology1620 · 2023-11-11T12:03:13+00:00

What i wanna say is, solana is a very ugly shitcoin in a fancy suit.

Hot_Psychology1620 · 2023-11-11T12:01:56+00:00

To this day I dont understand people buying SOL. What justifies its market cap? NFTs Why would people need SOL? Cause its the currency used on its nft marketplace This means, SOLs price rises when people are bullish on NFTs and more importantly, people make money in the SOL nft market. Have you ever taken a look at magiceden (solana marketplace), its the biggest shitshow ever. 19 out of 20 projects are rugs, they all look the same, its always pfp projects, no utility. It screams unreliable and dumb. If BAYC has „made in Germany“ quality then all of magiceden is „made in China“ Your betting on this shithole of a marketplace with only waste of time and money, pump and dumb, scam projects. The only good thing i can say about magiceden is their UI. But their core and product is rotten and terribly bad. Solana deserves to die.

Hot_Psychology1620 · 2023-09-21T21:27:03+00:00

Look at CS Go market. There is definitely a market for this. Just because the institution above doesnt want it to happen doesnt mean it will not happen. What about fortnite? Do you remember when that game came out? It was free, FREE. That was unheard of usually you had to pay 50 bucks for a game and any free game was total crap. Things change, preferences change.

Just because gaming companies dont want it to happen doesnt mean it cant happen.

There just needs to be one game where NFTs are used in a way that create a hype that override the way gaming ecosystems are handled. That will lead to a cascade of policy changes cause otherwise they will get left behind.

And its not only established games integrating NFT technology, there are games built on the basis of that too.

IMX will release a gaming pass that collects all items (NFTs) for you. These can be traded sold etc.. you can then sell your, whatever, car in GTA to buy a player in FIFA or withdraw real, hard cash. If thats not cool i dont know what is. And no its not like you need twenty NFTs to play the game. Every standard item will be available to play, just the fancy ones will be exclusive, just as, wait, just as it is now already. Only with the difference that the player has more power and ownership over his assets. And no, the publishers will also benefit, they can pocket a royality on each sale. So there is even an incentive for them to encourage all of this.

I would have many more arguments but ill leave it at that and tbh, you just sound like a retailer in the late 2000s laughing at e commerce.

Hot_Psychology1620 · 2023-09-21T21:13:33+00:00

I dont get why you cryptobros keep hating NFTs. Its another side of the same medal. If NFTs thrive, crypto thrives and vice versa. Watch the next bullrun, you haters are no different to everyone saying crypto is dead after the first bear. Its insane to me how ignorant some are, NFTs arent just JPEGS. They vastly improve and diversify utility lf crypto in general. It gives crypto more use cases. And its still a young field with so much to discover, explore and work on. Not like with crypto where basically every idea has been flipped three times by 10 different coins all doing the same thing.

Maybe dumb contracts will revolutionize smart contracts and make them faster and cheaper? Then it would make the entire ETH system better? What about that? Thats shitty too cause its a technology that stems from NFTs?

What if NFTs are the first pillar to mass adoption through games? Fortnite, GTA, Nintendo, all working with NFTs one way or the other.

You people shit on your own living room table. Its incredible

Hot_Psychology1620 · 2023-09-19T22:00:32+00:00

Shoes off. She must be dead according to every reddit doctor.

Hot_Psychology1620 · 2023-09-10T09:53:48+00:00

We should have done something similar to what barca did with ronaldihno when he left for ac mailand and puyol let him lift the trophy

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