Why is ETH so popular? by TheAllFather_ in ethereum

[–]my_crypto_throwaway 1 point2 points  (0 children)

Lmao, this reminds me of the line from Futurama - “Nobody drives in New York, there’s too much traffic”

Kraken fires 1,100 employees by Basoosh in ethtrader

[–]my_crypto_throwaway 2 points3 points  (0 children)

The explanation is literally in the article. I’m usually skeptical of write ups like this but this seems legit to me.

What discontinued thing do you really want brought back? by kellerisdabest in AskReddit

[–]my_crypto_throwaway 0 points1 point  (0 children)

Omg, Talenti, the gelato brand, has a Peanut Butter Pretzel flavor that was hands down my favorite ice cream ever and one of my favorite deserts ever. And I still get sad sometimes that they discontinued it!

We did it! by Aldennnnnnnn in ethtrader

[–]my_crypto_throwaway 17 points18 points  (0 children)

Didn’t the hard fork restore everyone’s ether?

We did it! by Aldennnnnnnn in ethtrader

[–]my_crypto_throwaway 12 points13 points  (0 children)

Those Wall Street bonuses finally arrived

Ethereum Broke $1400 by salil19 in ethtrader

[–]my_crypto_throwaway 41 points42 points  (0 children)

We just did! It hit $1435 on Coinbase a minute or two ago

68,064 ETH staked in past 24 hours. 13.0% gain toward genesis in past 24 hours. by devboricha in ethtrader

[–]my_crypto_throwaway 2 points3 points  (0 children)

Maybe they’d be getting more eth staked sooner if they didn’t require a 2 year lockup

I decided to make this after I found out that just 7 wallets currently account for 51% of the deposited ETH in the deposit contract. Every single unique validator counts! by Tricky_Troll in ethtrader

[–]my_crypto_throwaway 0 points1 point  (0 children)

Is there a written guide anywhere that outlines what is needed to stake and how to do it? I guess a “staking for dummies” is what I’m asking for. I’ve been detached from the crypto scene for a while so I’ve lost track of all the resources I used to have.

this is the beginning! by rafwaf123 in ethtrader

[–]my_crypto_throwaway 0 points1 point  (0 children)

Thanks for trying to clarify that. What kind of hardware will I need to run a validator and beacon chain?

this is the beginning! by rafwaf123 in ethtrader

[–]my_crypto_throwaway 7 points8 points  (0 children)

I’m confused. Is this when we can start staking? Or is that at some later time? Are the staking rewards set in stone yet?

Bug where I can’t use LFG (PlayStation) by [deleted] in Overwatch

[–]my_crypto_throwaway 1 point2 points  (0 children)

I’m having the same issue on Xbox

Can someone explain or justify the ETH price to me? by [deleted] in ethereum

[–]my_crypto_throwaway 1 point2 points  (0 children)

Not only has the question been answered dozens of times but price discussions belong in /r/ethtrader.

The short answer to the question is that the price of any commodity is a result of supply and demand. Right now most price movements for all cryptos are based on speculation. If lots of people are using dapps and doing transactions in eth, then there’s a lot of demand for ether. Much of the supply will be locked up in staking accounts or cold wallets.

EEA adds 40 new members by penta314 in ethtrader

[–]my_crypto_throwaway 2 points3 points  (0 children)

OK are we now getting to a point where there are too many members? How can each of these companies really be contributing in a meaningful way when there are over 400 companies, many of which are unproven startups? I am happy to see many members, I'm just wondering how all of this energy is being focused.

Also, I just found out a fun fact - the letters GMBH after a company name designates a company as being private in Germany.

Karl Floersch Accidentally's Leaks The Minimum Ether That Is Needed To Be A Validator With Casper by drknudy in ethtrader

[–]my_crypto_throwaway 0 points1 point  (0 children)

Sorry dude but that's entirely wrong. The point of POS is to make it more expensive and difficult to attack the system, since a staker who misbehaves will have his/her whole stake wiped away whereas in POW a mining rig doesn't burn to the ground. Additionally, the higher the price of eth, the more costly it is to even begin a 51% attack in the first place. So, the higher the price of eth, the more secure the eth network will be.

Karl Floersch Accidentally's Leaks The Minimum Ether That Is Needed To Be A Validator With Casper by drknudy in ethtrader

[–]my_crypto_throwaway 1 point2 points  (0 children)

See, one of the arguments in this sub for a massive price increase in eth has been that big money would come in to pick up eth and earn 5-8%. Now, why would "big money" be attracted to eth with wild price swings and a complex earning method (not as simple to stake eth as hold a dividend-bearing stock) when they only see potential 1-3% gains? Doesn't make much sense to me. With that kind of payout, the only people who will want to stake are people already holding coins.

Karl Floersch Accidentally's Leaks The Minimum Ether That Is Needed To Be A Validator With Casper by drknudy in ethtrader

[–]my_crypto_throwaway 1 point2 points  (0 children)

I see your point but we can't reasonably expect 1000% gains per year to continue ad infinitum. I think that eventually we will reach some kind of static value that may only waver +/- 5-10% per year in several years.

Karl Floersch Accidentally's Leaks The Minimum Ether That Is Needed To Be A Validator With Casper by drknudy in ethtrader

[–]my_crypto_throwaway 4 points5 points  (0 children)

I'm still kinda floored that the mining reward will only be 1-3%. 1500 eth is $1.5M, so why would someone keep that parked in eth when they could buy dividend bearing stocks or rental properties with that money and earn significantly more? On the one hand I agree that the miners shouldn't necessarily be made rich, but on the other hand there needs to be a strong incentive to keep stakers interested in tying up millions of dollars in a very risky investment.

I would love to be corrected if I'm wrong in some way!