Bitcoin Forum
May 04, 2024, 09:50:34 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1] 2 »  All
  Print  
Author Topic: Why we are not seeing a native wallet for ..  (Read 263 times)
swogerino (OP)
Legendary
*
Offline Offline

Activity: 3150
Merit: 1234


Leading Crypto Sports Betting & Casino Platform


View Profile
March 16, 2023, 09:25:06 AM
 #1

So there has been enough time for any serious developer to build a native wallet to support ETHW or ETHF the two hard forks after ETH moved to PoS in September 2022.Why should we stick with Metamask and no one cares of building a native wallet or even better to implement these coins in their already developed wallet like Exodus (which has no intentions of doing so) and Atomic Wallet which would have no real problems implementing these coins.

Is this because they are not listed for trade in Binance yet?May be a Binance listing for trading would give them enough boost as for the big wallets to start implementing them and why it is taking so much time for the team behind these projects to come up with their own wallet for these coins?

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
1714816234
Hero Member
*
Offline Offline

Posts: 1714816234

View Profile Personal Message (Offline)

Ignore
1714816234
Reply with quote  #2

1714816234
Report to moderator
1714816234
Hero Member
*
Offline Offline

Posts: 1714816234

View Profile Personal Message (Offline)

Ignore
1714816234
Reply with quote  #2

1714816234
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714816234
Hero Member
*
Offline Offline

Posts: 1714816234

View Profile Personal Message (Offline)

Ignore
1714816234
Reply with quote  #2

1714816234
Report to moderator
1714816234
Hero Member
*
Offline Offline

Posts: 1714816234

View Profile Personal Message (Offline)

Ignore
1714816234
Reply with quote  #2

1714816234
Report to moderator
sxemini
Member
**
Offline Offline

Activity: 1558
Merit: 69


View Profile
March 16, 2023, 01:59:51 PM
 #2

So there has been enough time for any serious developer to build a native wallet to support ETHW or ETHF the two hard forks after ETH moved to PoS in September 2022.Why should we stick with Metamask and no one cares of building a native wallet or even better to implement these coins in their already developed wallet like Exodus (which has no intentions of doing so) and Atomic Wallet which would have no real problems implementing these coins.

Is this because they are not listed for trade in Binance yet?May be a Binance listing for trading would give them enough boost as for the big wallets to start implementing them and why it is taking so much time for the team behind these projects to come up with their own wallet for these coins?

Because we need no "native" wallet for ETHW, because metamask and all other work. Metamask is the "native" wallet if you want, metamask is a wallet app and no ETH only wallet, this wallet app can connect to different networks, if they are compatible. ETHW is a ETH fork, so metamask is compatible.
I see no point for doing this, if it is really needed, than the Developer of ETHW should do it - but as said - no need for this.

Guarda Wallet and Trust Wallet have ETHW support also, Ledger too for example.
swogerino (OP)
Legendary
*
Offline Offline

Activity: 3150
Merit: 1234


Leading Crypto Sports Betting & Casino Platform


View Profile
March 17, 2023, 08:17:26 AM
 #3

So there has been enough time for any serious developer to build a native wallet to support ETHW or ETHF the two hard forks after ETH moved to PoS in September 2022.Why should we stick with Metamask and no one cares of building a native wallet or even better to implement these coins in their already developed wallet like Exodus (which has no intentions of doing so) and Atomic Wallet which would have no real problems implementing these coins.

Is this because they are not listed for trade in Binance yet?May be a Binance listing for trading would give them enough boost as for the big wallets to start implementing them and why it is taking so much time for the team behind these projects to come up with their own wallet for these coins?

Because we need no "native" wallet for ETHW, because metamask and all other work. Metamask is the "native" wallet if you want, metamask is a wallet app and no ETH only wallet, this wallet app can connect to different networks, if they are compatible. ETHW is a ETH fork, so metamask is compatible.
I see no point for doing this, if it is really needed, than the Developer of ETHW should do it - but as said - no need for this.

Guarda Wallet and Trust Wallet have ETHW support also, Ledger too for example.

I will have a look in those wallets,I know Trust wallet but it is the first time I see this Guarda Wallet.I am asking this as I want to exchange the ETHW directly to ZIL in a wallet for example Atomic Wallet would have been the perfect choice for me as I have staked more than 5000 ZIL so far and I intend to keep staking them as much as I can,that 15% reward yearly is great for me and if the price of ZIL increases that is much much better.Unfortunately Metamask does not do this as they have not a built in exchange which does even small amounts like Atomic does (Exodus crushes you with huge fees and needs bigger amounts) and that is why I was asking.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Pterosaur
Member
**
Offline Offline

Activity: 207
Merit: 12

Syntrum.com


View Profile
March 17, 2023, 10:09:18 AM
 #4

I added ETHW to my trust wallet, the latest update implements the same feature as Metamask, where you can add any chain in the wallet, it's good to see a member talking about Eth Pow, it seems like the world have forgotten about the project already, anyway, projects that are building on ETHW are the proper ones to build a native wallet for ETHW, but 99% of the projects running on ETHW are shitcoins, sorry if this hurt anyone, it's just the truth.

██████████████ ███████ █│     S y n t r u m     │     JOIN NOW     │█ ███████ ██████████████
►   Blockchain Infrastructure for DeFi, Gaming and NFT   ◄
██████████████       |       Twitter       |     Telegram     |      Medium      |       ██████████████
FP91G
Legendary
*
Offline Offline

Activity: 1638
Merit: 1035



View Profile
March 17, 2023, 01:24:49 PM
 #5

So there has been enough time for any serious developer to build a native wallet to support ETHW or ETHF the two hard forks after ETH moved to PoS in September 2022.Why should we stick with Metamask and no one cares of building a native wallet or even better to implement these coins in their already developed wallet like Exodus (which has no intentions of doing so) and Atomic Wallet which would have no real problems implementing these coins.

Is this because they are not listed for trade in Binance yet?May be a Binance listing for trading would give them enough boost as for the big wallets to start implementing them and why it is taking so much time for the team behind these projects to come up with their own wallet for these coins?
Probably the metamask wallet is compatible with many web-defi projects and this wallet has many users. How much does it cost to list a coin on the Binance exchange? Probably the projects don't have that much money. Probably someone does not want the miners to earn a lot of money.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
JayDDee
Full Member
***
Offline Offline

Activity: 1386
Merit: 220


View Profile
March 17, 2023, 04:26:35 PM
 #6

A managed project would be expected to provide their own full node wallet from day one.
A community driven project relies on the community for such things.

Bitcoin_Arena
Copper Member
Legendary
*
Offline Offline

Activity: 2030
Merit: 1787


฿itcoin for all, All for ฿itcoin.


View Profile
March 17, 2023, 10:54:45 PM
 #7

it's good to see a member talking about Eth Pow, it seems like the world have forgotten about the project already,
Most people are into crypto to just make money... it's the bitter truth, so people will always flood to where they think they will make money quick. So probably most of them are not yet convinced about ETHW

How much does it cost to list a coin on the Binance exchange? Probably the projects don't have that much money.
Binance claimed somewhere that they list some projects for free if they pass their strict criteria

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
suzanne5223
Hero Member
*****
Offline Offline

Activity: 2604
Merit: 650


Want top-notch marketing for your project, Hire me


View Profile WWW
March 17, 2023, 11:58:57 PM
Merited by nc50lc (1)
 #8

Guys don't be deceived by some naive cryptocurrency enthusiasts whose purpose was just the seize the opportunity of the market situation for their own selfish benefit.
The reason why you haven't seen any serious developer to build the native wallet for the hard fork of Ethereum is that there's genuine intention in the coin right from the beginning.
Have you ever noticed that despite the silly move and decision made by Vitalik people still like Ethereum?

JayDDee
Full Member
***
Offline Offline

Activity: 1386
Merit: 220


View Profile
March 18, 2023, 01:20:27 AM
 #9

Have you ever noticed that despite the silly move and decision made by Vitalik people still like Ethereum?

Yes, it's only miners that hate it because it can't be mined anymore. A bit of a reality check on the importance of mining to the success of a coin.

ANSEL_2.0
Member
**
Offline Offline

Activity: 271
Merit: 14


View Profile
March 18, 2023, 10:14:40 AM
 #10

Have you ever noticed that despite the silly move and decision made by Vitalik people still like Ethereum?

Yes, it's only miners that hate it because it can't be mined anymore. A bit of a reality check on the importance of mining to the success of a coin.
It's not as if all miners hate Ethereum, I am a ETH miner too and I switched to other coins when ETH changed their algorithm to Proof of Stake, I never hated Ethereum because of this, miners saw it coming as this news have been spreading over for the past years, so Ethereum devs did very well to have given enough time to miners.

██████████████ ███████ █│     S y n t r u m     │     JOIN NOW     │█ ███████ ██████████████
►   Blockchain Infrastructure for DeFi, Gaming and NFT   ◄
██████████████       |       Twitter       |     Telegram     |      Medium      |       ██████████████
suzanne5223
Hero Member
*****
Offline Offline

Activity: 2604
Merit: 650


Want top-notch marketing for your project, Hire me


View Profile WWW
March 18, 2023, 07:50:17 PM
 #11

Have you ever noticed that despite the silly move and decision made by Vitalik people still like Ethereum?

Yes, it's only miners that hate it because it can't be mined anymore. A bit of a reality check on the importance of mining to the success of a coin.
It's not as if all miners hate Ethereum, I am a ETH miner too and I switched to other coins when ETH changed their algorithm to Proof of Stake, I never hated Ethereum because of this, miners saw it coming as this news have been spreading over for the past years, so Ethereum devs did very well to have given enough time to miners.
You are right, not all ETH miners hate the decision made by Vitalik and for the record, the decision ought to be made a long time ago before the ETH2.0 was delayed.
Despite all the storyline behind ETH's switch to POS some miners won't like the decision because it's giving a taste of something they don't like.

JayDDee
Full Member
***
Offline Offline

Activity: 1386
Merit: 220


View Profile
March 18, 2023, 08:38:51 PM
 #12

Have you ever noticed that despite the silly move and decision made by Vitalik people still like Ethereum?

Yes, it's only miners that hate it because it can't be mined anymore. A bit of a reality check on the importance of mining to the success of a coin.
It's not as if all miners hate Ethereum, I am a ETH miner too and I switched to other coins when ETH changed their algorithm to Proof of Stake, I never hated Ethereum because of this, miners saw it coming as this news have been spreading over for the past years, so Ethereum devs did very well to have given enough time to miners.
You are right, not all ETH miners hate the decision made by Vitalik and for the record, the decision ought to be made a long time ago before the ETH2.0 was delayed.
Despite all the storyline behind ETH's switch to POS some miners won't like the decision because it's giving a taste of something they don't like.

I never said all. But miners were most affected so miners were most against it. The point was miners' inflated sense of importance and effect on the success of ETH.
There were threats/predictions it would crash and die without miners. Never happened.

swogerino (OP)
Legendary
*
Offline Offline

Activity: 3150
Merit: 1234


Leading Crypto Sports Betting & Casino Platform


View Profile
March 19, 2023, 09:48:00 PM
 #13

Have you ever noticed that despite the silly move and decision made by Vitalik people still like Ethereum?

Yes, it's only miners that hate it because it can't be mined anymore. A bit of a reality check on the importance of mining to the success of a coin.
It's not as if all miners hate Ethereum, I am a ETH miner too and I switched to other coins when ETH changed their algorithm to Proof of Stake, I never hated Ethereum because of this, miners saw it coming as this news have been spreading over for the past years, so Ethereum devs did very well to have given enough time to miners.
You are right, not all ETH miners hate the decision made by Vitalik and for the record, the decision ought to be made a long time ago before the ETH2.0 was delayed.
Despite all the storyline behind ETH's switch to POS some miners won't like the decision because it's giving a taste of something they don't like.

I never said all. But miners were most affected so miners were most against it. The point was miners' inflated sense of importance and effect on the success of ETH.
There were threats/predictions it would crash and die without miners. Never happened.

Does not mean that it will not die.Name a PoS coin which had a great success.The reason why ETH is still popular is that there are a lot of people with a lot of such coin that they had from mining from many years and never sold it,they are now the ones who validate the transactions through PoS and once these guys get fed up with the empty promises of Butekin I am confident we will finally see the ETH demise,ETH was so popular just because of mining for most part,despite offering a platform where to build DeFi apps and alikes,now no one cares except these guys.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
JayDDee
Full Member
***
Offline Offline

Activity: 1386
Merit: 220


View Profile
March 19, 2023, 10:29:52 PM
 #14

Does not mean that it will not die.Name a PoS coin which had a great success.

You could ask that question about any coin. There are a few POS in the top market cap.

After BTC and ETH there are a few moderately successful coins like LTC, DASH, but almost all are on a steady
long term decline compared with either BTC or ETH. ETH is the only real challenger to BTC's dominance and it's POS.
The BTC clones slowly faded, The ETH clones are doing the same. Previously dominant POW coins are barely in
the top 100 now. New challengers like ZCASH and ZCOIN, that apeared with much hype and marketing have fizzled.

They may not be dead but they are not thriving either.

But again I stress POW is not the main factor in determining a coin's potential for success.

suzanne5223
Hero Member
*****
Offline Offline

Activity: 2604
Merit: 650


Want top-notch marketing for your project, Hire me


View Profile WWW
March 21, 2023, 04:32:36 PM
 #15

https://bitcointalk.org/index.php?topic=5445134.0

Does not mean that it will not die.Name a PoS coin which had a great success.The reason why ETH is still popular is that there are a lot of people with a lot of such coin that they had from mining from many years and never sold it,they are now the ones who validate the transactions through PoS and once these guys get fed up with the empty promises of Butekin I am confident we will finally see the ETH demise,ETH was so popular just because of mining for most part,despite offering a platform where to build DeFi apps and alikes,now no one cares except these guys.
If some POS later quench or don't have great success it is because of the enthusiasm the cryptocurrency have in the project and if we do the calculation well ETH was one of the altcoins in the market that almost all crypto investors strongly believe. Do you know why?
It is because they brought something new into the crypto market when it was launched. This and the project dev team's enthusiasm in the project development is what 90% of all crypto investors focused on.

Bitcoin_Arena
Copper Member
Legendary
*
Offline Offline

Activity: 2030
Merit: 1787


฿itcoin for all, All for ฿itcoin.


View Profile
March 21, 2023, 10:36:25 PM
 #16

Does not mean that it will not die.Name a PoS coin which had a great success.
Success in terms of what, though? CoinMarketCap rank, usage?

I think it depends on the perspective we are looking at this. Some people will try to convince you that Cardano or BNB have been a success  Grin

The reason why ETH is still popular is that there are a lot of people with a lot of such coin that they had from mining from many years and never sold it,they are now the ones who validate the transactions through PoS and once these guys get fed up with the empty promises of Butekin I am confident we will finally see the ETH demise,ETH was so popular just because of mining for most part,despite offering a platform where to build DeFi apps and alikes,now no one cares except these guys.
Ethereum was and is popular just popular because of the nature of it's smart contracts platform, which was there just in time for the ICO boom. It was never about the miners. It was about the numbers (projects and people using the network and deploying the smart contracts).

Notice how so many copycat Ethereum Killers came up and tried to dethrone Ethereum but failed horribly?

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
swogerino (OP)
Legendary
*
Offline Offline

Activity: 3150
Merit: 1234


Leading Crypto Sports Betting & Casino Platform


View Profile
March 22, 2023, 09:28:15 PM
 #17


Ethereum was and is popular just popular because of the nature of it's smart contracts platform, which was there just in time for the ICO boom. It was never about the miners. It was about the numbers (projects and people using the network and deploying the smart contracts).

Notice how so many copycat Ethereum Killers came up and tried to dethrone Ethereum but failed horribly?


The big problem of ETH is centralization now,people or better validators need to have 32 ETH staked in order to validate transaction,just look at the number of wallets of ETH that have over such amount which is low compared to the majority of wallets that have less than 0.10-0.20 ETH and they are what I call now "burned" or "eliminated" wallet as they don't win anything.Now who guarantees me that a bunch of people do not buy so much ETH that they stake a lot of such 32 ETH or much more as you know,the people having more ETH staked means they have higher chances to be called and come and validate transactions,now tell me if this is not centralization please tell me what is and how such a project can be a threat to Bitcoin which is years of light ahead in decentralization?


..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
Bitcoin_Arena
Copper Member
Legendary
*
Offline Offline

Activity: 2030
Merit: 1787


฿itcoin for all, All for ฿itcoin.


View Profile
March 24, 2023, 10:36:20 PM
 #18

The big problem of ETH is centralization now,people or better validators need to have 32 ETH staked in order to validate transaction,just look at the number of wallets of ETH that have over such amount which is low compared to the majority of wallets that have less than 0.10-0.20 ETH and they are what I call now "burned" or "eliminated" wallet as they don't win anything.Now who guarantees me that a bunch of people do not buy so much ETH that they stake a lot of such 32 ETH or much more as you know,the people having more ETH staked means they have higher chances to be called and come and validate transactions,now tell me if this is not centralization please tell me what is and how such a project can be a threat to Bitcoin which is years of light ahead in decentralization?

Obviously with the current set up, Ethereum is highly centralized and yes Bitcoin still remains the king, but I was just comparing Ethereum to other altcoins. It's way too popular than most of them.

Another thing is most people that came into the cryptocurrency scene especially during and after the ICO boom don't care much about decentralization unlike the crypto OGs. Most of them are just after getting rich quick, so they will bank on whatever coin/token they can.

It's why centralized shitcoins like Ripple were at one point even second in terms of marketcap. If so many people really cared about some degree of decentralization (POW) vs centralization (POS). The likes of Litecoin, Monero, Ethereum Classic would be somewhere close to Bitcoin and not shitcoins like BNB.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
swogerino (OP)
Legendary
*
Offline Offline

Activity: 3150
Merit: 1234


Leading Crypto Sports Betting & Casino Platform


View Profile
March 25, 2023, 07:17:05 AM
 #19

The big problem of ETH is centralization now,people or better validators need to have 32 ETH staked in order to validate transaction,just look at the number of wallets of ETH that have over such amount which is low compared to the majority of wallets that have less than 0.10-0.20 ETH and they are what I call now "burned" or "eliminated" wallet as they don't win anything.Now who guarantees me that a bunch of people do not buy so much ETH that they stake a lot of such 32 ETH or much more as you know,the people having more ETH staked means they have higher chances to be called and come and validate transactions,now tell me if this is not centralization please tell me what is and how such a project can be a threat to Bitcoin which is years of light ahead in decentralization?

Obviously with the current set up, Ethereum is highly centralized and yes Bitcoin still remains the king, but I was just comparing Ethereum to other altcoins. It's way too popular than most of them.

Another thing is most people that came into the cryptocurrency scene especially during and after the ICO boom don't care much about decentralization unlike the crypto OGs. Most of them are just after getting rich quick, so they will bank on whatever coin/token they can.

It's why centralized shitcoins like Ripple were at one point even second in terms of marketcap. If so many people really cared about some degree of decentralization (POW) vs centralization (POS). The likes of Litecoin, Monero, Ethereum Classic would be somewhere close to Bitcoin and not shitcoins like BNB.

Well,this is a big problem then,people doing what they do in normal life like grabbing whatever opportunity not caring much about how this affect other people is a big problem.Litecoin is still doing great with Monero and even Ethereum Classic at some point so I am not worried for them,my main point was how come people that have been like myself for years in the crypto can jump on and support a centralized coin like ETH is now while we were all amazed by Bitcoin when it first came out as that decentralization of Bitcoin was key point?

Bottom line is based on what I am reading here is that people will never change and greed always gets the best of them,such a pity.

..Stake.com..   ▄████████████████████████████████████▄
   ██ ▄▄▄▄▄▄▄▄▄▄            ▄▄▄▄▄▄▄▄▄▄ ██  ▄████▄
   ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██  ██████
   ██ ██████████ ██      ██ ██████████ ██   ▀██▀
   ██ ██      ██ ██████  ██ ██      ██ ██    ██
   ██ ██████  ██ █████  ███ ██████  ██ ████▄ ██
   ██ █████  ███ ████  ████ █████  ███ ████████
   ██ ████  ████ ██████████ ████  ████ ████▀
   ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██
   ██            ▀▀▀▀▀▀▀▀▀▀            ██ 
   ▀█████████▀ ▄████████████▄ ▀█████████▀
  ▄▄▄▄▄▄▄▄▄▄▄▄███  ██  ██  ███▄▄▄▄▄▄▄▄▄▄▄▄
 ██████████████████████████████████████████
▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄
█  ▄▀▄             █▀▀█▀▄▄
█  █▀█             █  ▐  ▐▌
█       ▄██▄       █  ▌  █
█     ▄██████▄     █  ▌ ▐▌
█    ██████████    █ ▐  █
█   ▐██████████▌   █ ▐ ▐▌
█    ▀▀██████▀▀    █ ▌ █
█     ▄▄▄██▄▄▄     █ ▌▐▌
█                  █▐ █
█                  █▐▐▌
█                  █▐█
▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█
▄▄█████████▄▄
▄██▀▀▀▀█████▀▀▀▀██▄
▄█▀       ▐█▌       ▀█▄
██         ▐█▌         ██
████▄     ▄█████▄     ▄████
████████▄███████████▄████████
███▀    █████████████    ▀███
██       ███████████       ██
▀█▄       █████████       ▄█▀
▀█▄    ▄██▀▀▀▀▀▀▀██▄  ▄▄▄█▀
▀███████         ███████▀
▀█████▄       ▄█████▀
▀▀▀███▄▄▄███▀▀▀
..PLAY NOW..
JayDDee
Full Member
***
Offline Offline

Activity: 1386
Merit: 220


View Profile
March 25, 2023, 06:10:27 PM
 #20

Another thing is most people that came into the cryptocurrency scene especially during and after the ICO boom don't care much about decentralization unlike the crypto OGs. Most of them are just after getting rich quick, so they will bank on whatever coin/token they can.

Well,this is a big problem then,people doing what they do in normal life like grabbing whatever opportunity not caring much about how this affect other people is a big problem.
Bottom line is based on what I am reading here is that people will never change and greed always gets the best of them,such a pity.

"what they do in normal life ... is a big problem"

Was that intended to be sarcastic?

It's called capitalism. Seriously, it's the only reason there's big money in crypto.

Pages: [1] 2 »  All
  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!