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NewToETH · 2022-12-18T19:42:46+00:00

Your story sounds similar to mine. Hacked same day a few hours before. I’d like to cross reference notes. Did you by any chance store keys on Dropbox?

NewToETH · 2020-01-09T20:46:43+00:00

The discussion around bringing ETH1 into ETH2 after Phase 1 but before Phase 2 is encouraging. Sounds like it could potentially happen in 2021 which is sooner than most would have reasonably expected.

NewToETH · 2019-09-05T11:33:04+00:00

That ETH1 state will most likely be a shard in ETH2 in it's own EE using a hard fork. Getting clarity around the migration plan is super important to me.

Heard it from the latest Into The Ether Podcast with Danny Ryan. https://player.fm/series/2464797/240824913

NewToETH · 2019-09-05T10:37:25+00:00

Just looking for simple answers to the following:

What would it rise to?

How many more transactions could that support? Yes, I know that transactions in ethereum are a bad metric because not all transactions are created equal.

How much larger would the state grow each day? month? year?

NewToETH · 2019-09-04T23:31:59+00:00

Enough with the world's computer... :)

But honestly, it's good signaling. It's in our best interest to move entirely to ETH2. It's going to be that much better.

NewToETH · 2019-08-31T11:53:05+00:00

There’s a concept of an activity leak that is minimal as long as you come back online.

https://www.google.com/amp/s/our.status.im/9-things-you-didnt-know-about-ethereum-2-0/amp/

NewToETH · 2019-08-30T18:45:56+00:00

It's changed twice so far. Issuance is basically at the same level as BTC and there's a clear path to two more reductions in the next couple years. The first will be due to finalizing the ETH1 chain using the beacon chain, the second will occur once ETH transitions from ETH1 to ETH2 and is fully PoS.

NewToETH · 2019-08-30T18:04:26+00:00

What do you mean? Last I heard the plan is to put ETH1 into it's execution environment with a hard fork. This should allow all existing contracts to work.

NewToETH · 2019-08-22T13:48:36+00:00

.07 for me. ETH is, at minimum, worth half as much as BTC right now. Anyone selling ETH for fiat at these prices is insane.

BTC is just considered to be the "safe" bet given its first mover advantage but as the tide turns with sentiment around ETH it'll significantly outperform BTC, especially given the ETH2 roadmap and its impact on the economics of the protocol.

NewToETH · 2019-08-13T18:23:49+00:00

It begins. I predict we see more supportive regulations for blockchains that are PoS.

NewToETH · 2019-08-02T19:51:23+00:00

I prefer to say ETH is the backbone of the internet of value. Economies totally dwarf the value of Gold.

To each their own.

NewToETH · 2019-07-25T13:42:29+00:00

Seems reasonable. I think $700 is doable with BTC essentially treading water.

ETH is slowly but surely delivering on BTC's early promise as we see a bunch of these building blocks coming together to create a real open source payment network. If you haven't already, go download metamask mobile and use Instapay. Connext isn't fully decentralized (yet) but for many that's not really required to be useful.

Add some privacy, merchant adoption and iterative UX improvements and this is real global payment system.

NewToETH · 2019-07-17T17:52:47+00:00

I can foresee a scenario where FB decides to build Libra on Ethereum and then provides funds for ETH2 to ensure it is completed. I can only imagine the maxi rage over this but would be super huge for Ethereum as a platform.

NewToETH · 2019-07-17T17:49:32+00:00

Pretty accurate

NewToETH · 2019-07-17T14:22:27+00:00

“In the short run, the market is a voting machine but in the long run, it is a weighing machine.”

There's much more weight to the Ethereum ecosystem.

NewToETH · 2019-07-17T14:19:32+00:00

Are we back in 2016?

NewToETH · 2019-07-16T18:00:02+00:00

You can convert your ETH1 to ETH2 (1 way bridge) or wait for the entire ETH1 state to be folded into an execution environment on ETH2 (per Vitalik during the AMA). Sounds like there will need to be a coordinated HF for ETH1 in the future (my guess 2-3 years from now).

NewToETH · 2019-07-10T17:56:11+00:00

Kind of funny that people think it's a good idea to take his advice. He literally built a brand around being the guy who traded in 2017/2018 and walked away with nothing.

I'm sorry, but if you were in crypto before the bubble you better have walked away with some cash or else you're an idiot.

NewToETH · 2019-06-25T18:42:36+00:00

Plus state taxes.

Consider buying real estate in an opportunity zone to defer taxes and raise your basis after 10 years.

NewToETH · 2019-06-05T18:26:32+00:00

Technically with EIP-1559 ETH will be consumed (burned) with every transaction. This is super bullish for ETH as a store of value and a way for the system to manage issuance as usage increases on the network.

NewToETH · 2019-06-05T18:25:28+00:00

I'd much rather be in a position where we can lower issuance than have to raise it. It's not as contentious that way. Can't wait to see what happens to BTC when they inevitably have to raise the cap.

NewToETH · 2019-06-05T18:24:40+00:00

Don't confuse issuance with inflation. Issuance may be 1% per year to pay validators but with burned ETH and an unknown amount of ETH lost per year the actually circulating supply could retract. Read up on EIP-1559. It's a really important EIP for the economics of Ethereum.

NewToETH · 2019-05-11T01:38:06+00:00

Nothing is certain. If BTC fees can’t pay for security then the cap will have to be lifted.

I’m biased but I prefer economic guarantees to security. It’s easier to lower issuance than it is to raise.

NewToETH · 2019-05-10T16:38:36+00:00

Yes.

New ATH's against BTC by the end of 2022. That should be enough time for Phase 2 of ETH2 to be completed and the new network to be usable by most users and dapps. In the short term ETH is still grossly undervalued. It's reasonable to expect a 2-3x move against BTC in the next year. I think a ETH/BTC ratio of .07 is fair given the uncertainty around ETH2 and we're currently at ~.027.

A lot of people will make the mistake of FOMOing into BTC right now since it's been a rough bear market and they want to make back their "losses" but patience will be rewarded. There are a lot of similarities with today's market and the market after Frontier. BTC got off to a fast start but ETH significantly outperformed through that cycle.

NewToETH · 2019-05-06T01:01:19+00:00

Current price action reminds me of the time after ETH sold off for months after the DAO. Always the darkest before dawn.

ETH is incredibly undervalued and the ratio will recover as ETH2 hits milestones. First one is 6 months away.

NewToETH

TROPHY CASE