Bitcoin Forum
January 18, 2022, 04:39:19 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 ... 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 [1282] 1283 1284 1285 1286 1287 »
  Print  
Author Topic: [ANN] Ethereum: Welcome to the Beginning  (Read 1978917 times)
Inagame
Full Member
***
Offline Offline

Activity: 400
Merit: 121


View Profile
September 05, 2021, 06:41:11 AM
Merited by estenity (1)
 #25621

incredible.
and nobody on the thread to answer ?
To answer what?
Everyone knows this is true but they all keep quiet because price of ethereum is going up so they don't care if fees are 200 or 300 dollars!
"The Internet of Money should not cost 5 cents per transaction." -Vitalik Buterin
https://www.youtube.com/watch?v=unMnAVAGIp0
1642480759
Hero Member
*
Offline Offline

Posts: 1642480759

View Profile Personal Message (Offline)

Ignore
1642480759
Reply with quote  #2

1642480759
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
zasad@
Hero Member
*****
Offline Offline

Activity: 910
Merit: 2834



View Profile WWW
September 05, 2021, 08:36:14 PM
 #25622

"Put simply, when projects use optimistic rollups technology for their Layer 2 networks, they have to check whether transactions are valid and then post transaction data on Ethereum. But if they intentionally or unintentionally accept an invalid transaction, anyone can challenge them on Ethereum.
AKA Ethereum Lightning Network...
Welcome to the beginning of... Bitcoin Lightning Network!

Just a curious question now though,,, is it not already possible for Ethereum to challenge all these active Layer 2 solutions now that have already processed many many transactions? And what has the experience been so far? Has anyone challenged Polygon transactions for example?
The transaction can be disputed until there was a withdrawal to Ethereum 1. As far as I know, the Polygon does not allow this.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
r_victory
Sr. Member
****
Offline Offline

Activity: 1540
Merit: 259


View Profile WWW
September 05, 2021, 09:14:30 PM
 #25623

To answer what?
Everyone knows this is true but they all keep quiet because price of ethereum is going up so they don't care if fees are 200 or 300 dollars!
"The Internet of Money should not cost 5 cents per transaction." -Vitalik Buterin
https://www.youtube.com/watch?v=unMnAVAGIp0


If the fees continue to rise that way. Imagine how much we will have to pay for a transfer if one day the ETH reaches a value as high as the BTC (just a hypothesis). Whenever the price goes up the fees go up with it.
Inagame
Full Member
***
Offline Offline

Activity: 400
Merit: 121


View Profile
September 05, 2021, 10:27:36 PM
 #25624

If the fees continue to rise that way. Imagine how much we will have to pay for a transfer if one day the ETH reaches a value as high as the BTC (just a hypothesis). Whenever the price goes up the fees go up with it.
Yes, it's crazy unsustainable and it will be worse and worse in future.
Someone sent me a message that he had to pay over 0.19 ETH gas fee and that is almost $800... internet of scam money.
Branko
Sr. Member
****
Offline Offline

Activity: 1666
Merit: 289


View Profile
September 06, 2021, 08:55:28 AM
 #25625

How about this?

https://decrypt.co/80222/more-ethereum-has-been-burned-than-minted-past-24-hours
tbct_mt2
Hero Member
*****
Offline Offline

Activity: 1484
Merit: 653


First 100% Liquid Stablecoin Backed by Gold


View Profile
September 06, 2021, 11:06:34 AM
 #25626

It will be one of reasons to bring a new FOMO wave to Ethereum.

Honestly, I see two opposite things from this record. The gas price is too high and the upgrade does not solve it for small Ethereum users. The expensive gas price and transaction fee contribute to high burned ETH and causes the deflationary day.

I don't know how it can happen if transaction fee is low. Will it be included in the algorithm of Ethereum? How long the deflation can last?

Does it only occur as side-effect of expensive transaction fee?

Branko
Sr. Member
****
Offline Offline

Activity: 1666
Merit: 289


View Profile
September 06, 2021, 11:37:27 AM
 #25627

It will be one of reasons to bring a new FOMO wave to Ethereum.

Honestly, I see two opposite things from this record. The gas price is too high and the upgrade does not solve it for small Ethereum users. The expensive gas price and transaction fee contribute to high burned ETH and causes the deflationary day.

I don't know how it can happen if transaction fee is low. Will it be included in the algorithm of Ethereum? How long the deflation can last?

Does it only occur as side-effect of expensive transaction fee?

I'm baffled, why we have so many layer 2 solutions for ETH; like OMG or MATIC, yet they seem underutilized,
while everyone is complaining about high fees
Inagame
Full Member
***
Offline Offline

Activity: 400
Merit: 121


View Profile
September 06, 2021, 08:52:39 PM
 #25628

I'm baffled, why we have so many layer 2 solutions for ETH; like OMG or MATIC, yet they seem underutilized,
while everyone is complaining about high fees
Because they are worse centralized shit solution, and if you like this high fees so much than enjoy them, it's internet of money  Tongue
r_victory
Sr. Member
****
Offline Offline

Activity: 1540
Merit: 259


View Profile WWW
September 06, 2021, 11:29:34 PM
 #25629


I'm baffled, why we have so many layer 2 solutions for ETH; like OMG or MATIC, yet they seem underutilized,
while everyone is complaining about high fees

I believe that in many cases they cannot opt for one or the other, for example, if you have ETH on an exchange, to withdraw you will have to pay the network fee, if you convert to another chain, you will have to pay the fee as well. Either way, you will have to pay for the transaction in ETH (Gas). I think most complaints refer to cases like this.
tbct_mt2
Hero Member
*****
Offline Offline

Activity: 1484
Merit: 653


First 100% Liquid Stablecoin Backed by Gold


View Profile
September 07, 2021, 08:48:24 AM
 #25630

The current ETH emission rate is 1.9 ETH/ min. The Burn rate (24h) is 7.12 ETH/ min, (1h) is 6.79 ETH/min.
Source:
https://etherchain.org/burn


Since EIP-1559. Rewards: 443,292 ETH; Burned: 222,861 ETH
Source: https://watchtheburn.com/

If the burn rate maintains like that, total burned will overtake total rewards since EIP-1559. Is it what Vitalik team aim at, only create a deflationary era but transaction fee is still expensive.

r_victory
Sr. Member
****
Offline Offline

Activity: 1540
Merit: 259


View Profile WWW
September 07, 2021, 07:16:03 PM
 #25631



For a moment I thought I was dreaming, but it's real. That was the screenshot I took, but I saw that it reached much higher values, where we are going, to the moon with Gas fees. Grin
estenity
Hero Member
*****
Offline Offline

Activity: 1825
Merit: 525


View Profile
September 08, 2021, 12:28:28 AM
 #25632



For a moment I thought I was dreaming, but it's real. That was the screenshot I took, but I saw that it reached much higher values, where we are going, to the moon with Gas fees. Grin

this will stop people from trading, i suppose.
Inagame
Full Member
***
Offline Offline

Activity: 400
Merit: 121


View Profile
September 08, 2021, 06:25:07 PM
 #25633

For a moment I thought I was dreaming, but it's real. That was the screenshot I took, but I saw that it reached much higher values, where we are going, to the moon with Gas fees. Grin
This is madness! People cant even dump eth or tokens when they want.
Just use second layer fake solution, and when that layer is full with high fees someone will create third layer then next layer, and we are going to have infinite layers on ethereum Smiley
zasad@
Hero Member
*****
Offline Offline

Activity: 910
Merit: 2834



View Profile WWW
September 08, 2021, 06:31:12 PM
 #25634

What's left before the Merge?
https://tim.mirror.xyz/CHQtTJb1NDxCK41JpULL-zAJe7YOtw-m4UDw6KDju6c
"While the general approach for The Merge is now set, there is still a long list of things that client teams need to do over the next few months. The bulk of the TODOs are tracked here,
https://github.com/ethereum/pm/blob/master/Merge/mainnet-readiness.md
and notable ones include finalizing post-merge sync protocols, setting up integration tests for the entire process, launching devnets & running them under adverse conditions, and planning for a variety of contingencies during the transition.
If you'd like to dig into the actual specs, EIP-3675
https://eips.ethereum.org/EIPS/eip-3675
details the changes that will be required for the execution-layer clients, and the merge folder in the consensus specs details the changes to the consensus layer."

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
STT
Legendary
*
Offline Offline

Activity: 3066
Merit: 1304


4, 8, 15, 16, 23, 42, 108, 324


View Profile WWW
September 09, 2021, 07:57:56 AM
Last edit: September 09, 2021, 08:17:08 AM by STT
 #25635

Quote
It will be one of reasons to bring a new FOMO wave to Ethereum.
It has to be benefit to actual users or its not a positive overall, the reduction in ETH is not enough to cause FOMO by itself unless the system is improved.   So far it doesn't seem like much of an improvement to me, the idea was to create less auction type pressure for higher fees but its not lowering them so something is not right.

.
..........
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
.....I AM BLACKJACK.FUN.....
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
█████████████░░██████████████████████████░░███████████████████
███████████████░░██████████████████████████░░█████████████████
█████████████████░░░░░░░░░░░░░░░░░░░░░░░░░░░░░░███████████████
█████████████████░░░░░░░░░░██░░██░░░░░░░░░░██░░███████████████
███████████████████░░░░░░██░░██████░░░░░░██░░█████████████████
█████████████████████░░░░░░██████████░░░░░░███████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████████

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
..........
Easteregg69
Sr. Member
****
Offline Offline

Activity: 1092
Merit: 253



View Profile
September 11, 2021, 08:38:40 AM
Last edit: September 11, 2021, 03:47:20 PM by mprep
 #25636

Garbage. You should be ashamed of yourself.



Quote
It will be one of reasons to bring a new FOMO wave to Ethereum.
It has to be benefit to actual users or its not a positive overall, the reduction in ETH is not enough to cause FOMO by itself unless the system is improved.   So far it doesn't seem like much of an improvement to me, the idea was to create less auction type pressure for higher fees but its not lowering them so something is not right.

People can't unstake coins because of fee's dumbass.


Fuck sake charity fraudsters.

PS. Have it fixed by November next year.

[moderator's note: consecutive posts merged]

Throw some "shit" and see what sticks.
zasad@
Hero Member
*****
Offline Offline

Activity: 910
Merit: 2834



View Profile WWW
September 11, 2021, 09:40:46 PM
 #25637

https://twitter.com/santimentfeed/status/1435694660907716608?
"🐳 #Ethereum is charging back, making a modest rebound thus far to $3,537. The top 10 largest whale addresses have notably  skyrocketed in supply held over the past 15 weeks, now owning 21.38% of all $ETH, the largest amount by them in 51 months. "

https://app.santiment.net/



.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
r_victory
Sr. Member
****
Offline Offline

Activity: 1540
Merit: 259


View Profile WWW
September 11, 2021, 10:59:08 PM
 #25638

The way prices are moving, I believe that at the latest in Q1 next year ETH could reach $5000.
Daltonik
Legendary
*
Offline Offline

Activity: 1820
Merit: 1040



View Profile
September 16, 2021, 02:53:08 PM
 #25639

According to ultrasound. money, since August 5, more than 304,000 ETH worth over $1 billion has been burned. The average burning rate per minute at the moment is 5.04 ETH worth approximately $18,000.




        ▄▄▀▀▀▄▄
     ▄▄▀▄▄███▄▄▀▄▄
  ▄▄▀▄▄█████████▄▄▀▄▄
▄▀▄▄█████ ██▄▄▄▄▀██▄▄▀▄
█ ██████ ▄ █████ ████ █
█ █████ ▄█▄ ██ ▄█████ █
█ ████ ▄███▄ ██ █████ █
█ ███ ▄█████▄ ██ ████ █
▀▄▀▀█▄███████▄██▄██▀▀▄▀
  ▀▀▄▀▀█████████▀▀▄▀▀
     ▀▀▄▀▀███▀▀▄▀▀
        ▀▀▄▄▄▀▀

       ▄▄▄▄▄▄▄
   ▄▄▀▀       ▀▀▄▄
  █               █ ▄
 █   █▀▄ ▀█▀ ▀█▀   █ ▀▄
 █   █▀▄  █   █    █  ▀▄
  █  ▀▀   ▀   ▀   █    █
▄▀ ▄▄           ▄▀    ▄▀
 ▀▀  ▀▀▄▄▄▄▄▄▄▀▀      ▀▄
        ▀▄▄      ▄▄▀▀▄▄▀
           ▀▀▀▀▀▀

                      ▄▄▄
  ▄█▄              ▄███████▄
  ▀████▄▄         ██████▀██████▀
    ▀▀▀████▄▄     ███████████▀
    ▀██▄███████▄▄███████████
     ▄▄▄▀██████████████████
      ▀████████████████████
▀█▄▄     ▀████████████████
  ▀████████████████▀█████
    ▀████████████▀▄▄███▀
       ▀▀██████████▀▀
           ▀▀▀▀▀

               ▄▄   ▄▄
              ▄▀ ▀▀█  █
             ▄▀     ▀▀
         ▄▄▄▄█▄
     ▄█▀▀▀▀▀▀▀▀▀▀█▄
 ▄▀▄▀              ▀▄▀▄
█  █   ▄█▄    ▄█▄   █  █
 ▀█    ▀█▀    ▀█▀    █▀
  █                  █
   █   ▀▄      ▄▀   █
    ▀▄   ▀▀▀▀▀▀   ▄▀
      ▀▀▄▄▄▄▄▄▄▄▀▀

   ▄▄████████████████████▄▄
 ▄██████████████████████████▄
▄████████████████████████████▄
██████████ ▀▀█████████████████
██████████     ▀▀█████████████
██████████         ▀▀█████████
██████████         ▄▄█████████
██████████     ▄▄█████████████
██████████ ▄▄█████████████████
▀████████████████████████████▀
 ▀██████████████████████████▀
   ▀▀████████████████████▀▀

   ▄▄███████████████▄▄
 ▄██▀▀             ▀▀██▄
▄██              ▄▄   ██▄
██        ▄▄▄▄▄  ▀▀    ██
██      ▄▀     ▀▄      ██
██     █         █     ██
██     █         █     ██
██      ▀▄     ▄▀      ██
██        ▀▀▀▀▀        ██
▀██                   ██▀
 ▀██▄▄             ▄▄██▀
   ▀▀███████████████▀▀

   ▄▄███████████████▄▄
 ▄█████████████████████▄
▄██████████████▀▀███████▄
████████████▀▀    ███████
█████████▀▀   ▄   ███████
██████▀▀     █    ███████
████▀       █     ███████
█████▄▄   ▄█      ███████
████████ ██▄      ███████
▀████████ ▀▄███▄▄███████▀
 ▀█████████████████████▀
   ▀▀███████████████▀▀

  ▄▄███████████████▄▄
 █████████████████████
███████████████████████
███████████▀    ███████
██████████  ▄██████████
██████████  ███████████
████████      ▄████████
██████████  ███████████
██████████  ███████████
██████████  ███████████
 █████████████████████
  ▀▀███████████████▀▀

   ▄▄████████████████▄▄
 ▄█████▀▀▀██████▀▀▀█████▄
▄████▀  ▀▀▀    ▀▀▀  ▀████▄
████▀                ▀████
███▀                  ▀███
███       ▄    ▄       ███
██▀      ███  ███      ▀██
██       ▀█▀  ▀█▀       ██
██▄     ▄        ▄     ▄██
▀██▄     ▀▀▄▄▄▄▀▀     ███▀
 ▀███▄▄▄▄▄▄████▄▄▄▄▄▄███▀
   ▀▀████████████████▀▀
[/center]
Inagame
Full Member
***
Offline Offline

Activity: 400
Merit: 121


View Profile
September 17, 2021, 07:57:49 AM
 #25640

LOL Vitalik Buterin among 100 most influential people of 2021 in Time's magazine, they need to give him front page and special interview now.
I never head about many of those 100 people from the list and they have no infulence over me Smiley
https://time.com/collection/100-most-influential-people-2021/6095980/vitalik-buterin/
Pages: « 1 ... 1232 1233 1234 1235 1236 1237 1238 1239 1240 1241 1242 1243 1244 1245 1246 1247 1248 1249 1250 1251 1252 1253 1254 1255 1256 1257 1258 1259 1260 1261 1262 1263 1264 1265 1266 1267 1268 1269 1270 1271 1272 1273 1274 1275 1276 1277 1278 1279 1280 1281 [1282] 1283 1284 1285 1286 1287 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!