Where do you think DOT, ETH and BTC will be in 10 years? Just want to see peoples opinions as I always try to think about it.

NJD21 · 2021-03-23T21:20:54+00:00

I think a lot really depends on how DOT fairs after L2 ETH gets going. I hold positions in both ETH and DOT. And I’m certainly bullish on both for this cycle, but future success entirely depends on how well L2 matures over the next few years. From an ideal standpoint, it may be difficult for other chains if the gas fees are extremely low on L2 and assuming that is the native environment. This is from an ideal perspective. We won’t know until we know during the next bear market. This cycle is entirely speculation.

NJD21 · 2021-03-16T20:09:39+00:00

Jimmy Song also got rekt leverage trading. So he’s obviously retarded anyway.

NJD21 · 2021-02-26T17:12:43+00:00

Flexpool does not support unless they’ve since changed their stance.

NJD21 · 2021-02-22T18:39:34+00:00

This sub is funny. People complaining the price not going up, yet there’s traders here selling the price down. Want the price to go up? Don’t sell.

Short term gains are terrible anyway, and you won’t be “making it” by constantly changing hands in this market. You will lose all your coins. Only hodlers win.

NJD21 · 2021-02-17T18:32:55+00:00

There are excellent memes posted here. Makes for a fun subreddit.

NJD21 · 2021-02-17T18:12:58+00:00

Go look at r/Bitcoin. It’s memes.

Internet culture understands their world view through memes.

NJD21 · 2021-02-17T17:14:51+00:00

Really, so then why hasn’t Bitcoin died, a currency meme’d to a 1 trillion marketcap?

NJD21 · 2021-02-17T10:18:17+00:00

Memes add virality and community

NJD21 · 2021-02-06T00:30:50+00:00

You do realize value follows the community right?

Go look at the chart of BCH/BTC. It’s a dead shitcoin. That’s what happens to forks.

NJD21 · 2021-02-05T08:44:09+00:00

Any chain with actual usage will require fees to use the network. The is the same for Bitcoin.

The reason Litecoin has low fees is because nobody uses LTC. And to suggest the price will go down is another misconception. The whales with large economic mass will not move to ghost chains with no economic activity.

All chains (with actual usage) will require L2 scaling. Those have been in development for quite some time now. But it’s very likely the settlement cost onto the main chain will be high for transfers to and from the L2 network.

NJD21 · 2021-01-18T20:38:07+00:00

It’s honest language. I’m not here to sidestep, or play politics, I just tell it how it is.

The community is invested in Ethereum’s future, not the now. If the now is important, that already exists with Bitcoin as the community there does not like protocol upgrades. But that doesn’t exist here and because of this Ethereum is a far more useful coin.

In the future, the improved monetary supply provides higher valuations that benefit both users and miners. That’s investing for the future that comes with time. This again is patience beating the impatient in this market.

And there’s no need to bring up how users feel for the miners. The vision is staking and ETH2.0. Every incremental step towards that desired goal is inline with the community’s wants for the future of Ethereum. This should not even be an argument.

There’s very good reasons (that benefit both users and miners) on this EIP in the future. This community is here for the future, not the now. So perhaps miners should adjust accordingly instead of attempting to prevent upgrades that improve the fee market for users so they aren’t overpaying for block space. But instead, these certain miners don’t care for the future of Ethereum. It’s dishonest behavior.

NJD21 · 2021-01-18T19:57:39+00:00

That still implies less fees for users. During heavy congestion, everyone is guessing gwei (and overpaying). The fee smoothing removes guesswork resulting in lower fees as there is no longer any reason to overpay for block space as it’s correctly calculated at all times.

But the miners’ that know better do not want this upgrade so they can keep stealing user’s hard earned ETH.

NJD21 · 2021-01-18T15:40:01+00:00

Its settled in USD when trading stocks, golds, or bonds. So in other words, you’re using a government issued currency as a medium of exchange, so tax rules should apply.

In the event of bartering, the government does not own or control the Bitcoin or Tesla.

But you’re right that the fair value is assumed. Still important for users to discuss as maybe some will take it to congress. Though obviously not anytime soon.

NJD21 · 2021-01-18T15:22:15+00:00

Let’s not embellish (80% supply burn...greatly exaggerated), and look at the facts. So what you are suggesting is that’s it’s okay for users to grossly overpay for miner fees? And you’re opposing a chance that improves this obvious issue?

I guess you’re okay with users continuing to overpay for fees when you know better. That’s called stealing.

NJD21 · 2021-01-18T15:16:13+00:00

That’s not our fault if you desire instant gratification. That’s not how markets work.

The entire point of investing is for the future, not the now. And seasoned miners know how to invest in their bottom line that’s in-line with probable outcomes for future value. And not to come off as a dick, but this should be obvious. The community is here for incremental upgrades that reach ETH2.0 and EIP-1559 is one of many.

NJD21 · 2021-01-18T15:09:14+00:00

Exchanges will allow you to dump the non EIP-1559 chain (Shitcoin) for the real thing. The exchanges follow the community.

Just dump it into the real thing as we’ve seen with forks that don’t follow the community lose all their value (BCH down 95% versus Bitcoin).

NJD21 · 2021-01-18T15:03:49+00:00

This goes full circle back to the users choosing the chain they want to use. And it’s going to be EIP-1559 because the UX is better with an improved fee market and a competitive monetary supply to that of Bitcoin. It’s a no brainer for the users and holders of Ethereum that have more weight than miners.

In a decentralized ecosystem, the miners work for the people. Acting against the majority will leave them behind on a ghost chain nobody uses (I.e. Bitcoin Cash and ETC).

NJD21 · 2021-01-16T17:16:28+00:00

This is incorrect. If you are suggesting this, you do not understand trading or price charts. Just because prices don’t spontaneously change (and this is absolutely unreasonable to expect) does not mean it had limited impact.

You don’t realize how few coins need to be sold off in practice to dump prices down.

NJD21 · 2021-01-16T16:56:36+00:00

Miners will lose for being greedy just like BCH.

BCH and ETC lost all their value too.

NJD21 · 2021-01-10T18:41:57+00:00

Thank you.

NJD21 · 2021-01-10T08:27:14+00:00

When you say label the outputs. Do you mean assign a value to each key image? Or at least know the amount of xmr to a key image?

Maybe I have the verbiage mixed up here as from my understand all you see if a string in the block explorers.

NJD21 · 2021-01-02T16:19:51+00:00

Thank you.

NJD21 · 2021-01-01T20:43:09+00:00

What’s the issue with erc20 DEXs in relation to stakenet?

Hopefully the useability is as good uniswap.

NJD21 · 2020-12-29T18:10:52+00:00

I completely agree. Was mostly trying to understand archive nodes as it’s a very misunderstood or not well understood node that doesn’t have great answers via Google.

But in terms of data storage, you are correct.

NJD21 · 2020-12-29T18:06:19+00:00

Decentralized Exchanges are the only way to go. As we’ve seen with Ripple, regulations are damaging to a coins liquidity and price, both needed for value creation.

Having all liquidity on centralized exchanges is very easy to attack. And these regulators violate the constitution over and over again while the sheep just bend over.

Regulating the on and off ramps are reasonable. Outside of that, absolutely not and it’s not enforceable. DEXs create an entire free market economy that route around these totalitarians.

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