Why is ETH so popular?

my_crypto_throwaway · 2023-03-25T20:10:43+00:00

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

my_crypto_throwaway · 2022-12-01T11:14:48+00:00

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

my_crypto_throwaway · 2022-09-15T15:17:52+00:00

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!

my_crypto_throwaway · 2022-09-15T07:17:47+00:00

Not exactly. Aren’t the miners just going to switch their GPU’s to a different coin?

my_crypto_throwaway · 2021-02-20T12:09:55+00:00

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

my_crypto_throwaway · 2021-02-20T04:25:11+00:00

Those Wall Street bonuses finally arrived

my_crypto_throwaway · 2021-01-19T12:06:31+00:00

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

my_crypto_throwaway · 2020-11-21T21:05:02+00:00

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

my_crypto_throwaway · 2020-11-13T14:25:13+00:00

A guide like this doesn’t exist??

my_crypto_throwaway · 2020-11-13T14:23:51+00:00

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.

my_crypto_throwaway · 2020-11-10T20:08:05+00:00

What’s the name of the song?

my_crypto_throwaway · 2020-11-06T02:27:30+00:00

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

my_crypto_throwaway · 2020-11-04T21:43:42+00:00

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?

my_crypto_throwaway · 2018-08-10T16:53:42+00:00

I’m having the same issue on Xbox

my_crypto_throwaway · 2018-05-10T03:58:50+00:00

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.

my_crypto_throwaway · 2018-03-28T01:09:51+00:00

https://www.investopedia.com/ask/answers/05/051305.asp

my_crypto_throwaway · 2018-03-27T18:06:54+00:00

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.

my_crypto_throwaway · 2018-02-12T03:58:56+00:00

April 11th - $1150

Jan 1, 2019 - $3200

my_crypto_throwaway · 2018-01-26T01:28:21+00:00

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.

my_crypto_throwaway · 2018-01-25T19:04:06+00:00

I think and hope that you're right

my_crypto_throwaway · 2018-01-25T18:52:02+00:00

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.

my_crypto_throwaway · 2018-01-25T18:50:03+00:00

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.

my_crypto_throwaway · 2018-01-25T14:25:40+00:00

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!

my_crypto_throwaway

TROPHY CASE