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Free registration at the forum removes this block.I think ethereum is fairly decentralised in term of eth ownership. Most of the “centralization risk” from Vitalik and ethereum foundation who calls the shots on all future development. Example if you are a miner who relies of pow for a living you could be on the wrong side of the history soon as this isn’t the future that Vitalik and his gang wants. And they have the influence because users chose to follow nd consensus determines value.What do you think of the argument of Ethereum being highly centralized, that Vitalik Buterin and his friends got near the money printer early and are all billionaires now. And that they call the shots, like moving to PoS even against much of the entire net's will. And that this move will stablish their power since they have so much Eth that they will stake and run the nodes that validate transactions. Also Vitalik is working with JP Morgan executives (aren't we triying to get rid of this people?).
And just an observation, Buterin and his team are based on Switzerland, same as the IMF, WHO, and many of the globalist "let's do a great reset folk".
I mean, I love the concept of the decentralized world computer, I just think its fair to ask hard questions. Is this a great project but with something of a rotten inside ?
The Sovereign Individual (1997) must have access to a time machine.View attachment 38434
He's a welfare dependant.Musk is going insane. Used to love the guy, but he is starting to fray at the edges
I never thought of that, but that really would be great if every country started to recognize it as an official currency. Of course they won't though, that would be far too dangerous. Government survives on theft and they won't allow anything to jeopardize that.
I never thought of that, but that really would be great if every country started to recognize it as an official currency. Of course they won't though, that would be far too dangerous. Government survives on theft and they won't allow anything to jeopardize that.
I can't seem to understand this.
Mark Cuban 'Hit' by Apparent DeFi Rug Pull - Decrypt
Mark Cuban provided liquidity to $TITAN, the price of which fell to zero. IRON Finance called it a "bank run."decrypt.co
How do these liquidity pools work? Did the devs cash out or did the price fell to 0 for other reasons?
Everyone's making fun of Cuban because he rejected ADA and has fallen victim to this.
Not only stablecoins now but all kinds of newer coins are introducing supply/demand mechanisms to adjust the flow. What stands the test of time imo is network [...]
It's a game of musical chairs - and there's so many of these games going on right now that I can't keep my head straight. I just know that for a lot of them when the time comes there will be swift pulls from the liquidity pools. I think it's fair and fun to play these games, but make sure to keep up with the narrative and don't get overzealous or you might be left holding the bag when the pool is drained.
What do you think of the argument of Ethereum being highly centralized, that Vitalik Buterin and his friends got near the money printer early and are all billionaires now. And that they call the shots, like moving to PoS even against much of the entire net's will. And that this move will stablish their power since they have so much Eth that they will stake and run the nodes that validate transactions. Also Vitalik is working with JP Morgan executives (aren't we triying to get rid of this people?).
And just an observation, Buterin and his team are based on Switzerland, same as the IMF, WHO, and many of the globalist "let's do a great reset folk".
I mean, I love the concept of the decentralized world computer, I just think its fair to ask hard questions. Is this a great project but with something of a rotten inside ?
https://www.reddit.com/r/ethereum/comments/najp2c/addressing_common_criticisms_about_ethereum/
He's a welfare dependant.
He can only survive due to his carbon credit scams and government funding.
Under a bitcoin standard, he isn't a billionaire.
Without free helicopter money, he is irrelevant.
Tesla has been around for what 18 years? If you can't scale and figure it out in that time you never will.
But he will keep the green energy save the planet crap going to survive by getting cheques off his daddy.
The key thing is if ethereum network can accrual the value back to ether. If not it will be the dapp governance token taking away all the value.ETH development is obviously more centralized than Bitcoin (it has to be to develop with any sense of urgency) but it's incorrect to say Vitalik and his friends are calling the shots. ETH development is pretty decentralised, especially compared to pretty much every other layer 1 blockchain out there except Bitcoin. Decisions are made pretty much through community consensus. That includes users, clients, node runners, regular devs and core devs.
Moving to PoS has been the plan from the very beginning and EVERYONE is pro-PoS except PoW miners for obvious reasons.
Vitalik has about 0.3% of all ETH and the ETH foundation/early devs have about 2%. There is zero concern about them running the majority of nodes.
Decentralization is deeply embedded in the Ethereum philosophy, much more so than L1 competitors like Solana, BSC and Cardano. I'd recommend watching a few interviews with Buterin, he's a pretty interesting and intelligent guy and obviously cares deeply about what they're building.
Here's a good summary of common ETH criticisms + responses:Code:https://www.reddit.com/r/ethereum/comments/najp2c/addressing_common_criticisms_about_ethereum/
The key thing is if ethereum network can accrual the value back to ether. If not it will be the dapp governance token taking away all the value.
The first thing that caught my attention in this thread were the first posts, back in 2017. The Bitcoin was hovering between $5.5K and $9K. if half of those in the thread would've HODLed, they would all be launching another business with their bitcoin money.
Whatever coin you are in, if it has substance, just hold it until Crypto really goes mainstream (El Salvador was a great step towards that). Binance, CDC and other exchanges aren't going away in the next years, they'll only grow... ETH 2.0 coming soon (still gonna be late, but it's soon anyways) will have a huge effect on ETH prices.
BTC will spring back up, its recent update is just a reminder that "hey, we can still work on making it better" after the big energy debate.
My $0.02: We're literally in the growth phase again. Cryptos won't be "done" until the volatility goes down and things start to settle down. At this point, Big coins/tokens will have matured and be fully developed (who knows when?). As always, volatility means risk, so use your brain. Unless you're "daytrading" tokens, I'd rather HODL the hell out of 'em, whether it's BTC, ETH, ADA, BNB, CRO, etc. Any token/coin that's developing uses and infrastructures is promising.
Now, since it's a prediction thread, here are my thoughts on what will happen before 2023:
Also, it could be a mistake, but I'm not even looking at NFTs until there's an actual use for them (like the VeeFriends NFTs which actualy give you something useful).
- BTC to 100K easily in the next cycle, just based on the Crypto hype, could go way higher with more updates and features. Why ? Most of the people that will want in on the crypto market will buy BTC instead of buying something else that could be better.
- ETH to 10-15K before 2023. Would make it #1 Crypto in market cap, which would reflect the vast uses of the ETH network.
- BNB to 1K (conservative)
- ADA could follow ETH growth to an extent, it already went from $0.004 to almost $2.00, could spring again since a lot of people have faith in this coin.
- CRO could stabilize between $0.30 - $0.50. Unless VISA does a crazy move with them, I doubt this will go past the dollar mark anytime soon, BNB is too big (even if I own more CRO than BNB) and CDC is just pumping money in marketing that doesn't really lend great results for them, while Binance "just is" Binance.
What do you guys think ?
This is true. But we also have to remember that hindsight is 20/20. Those that sold in 2017 could very well have been the ones that were right. And the same is true for those that sell now. We simply don't know the future.The first thing that caught my attention in this thread were the first posts, back in 2017. The Bitcoin was hovering between $5.5K and $9K. if half of those in the thread would've HODLed, they would all be launching another business with their bitcoin money.
Why do you think ETH 2.0 is going to have a huge effect on ETH prices? I'd say that it can go both ways. It seems to me like much of the 2.0 hype is already priced in. I won't complain if it keeps rising, ETH is one of my biggest holdings, but I don't think it will (compared to BTC).Whatever coin you are in, if it has substance, just hold it until Crypto really goes mainstream (El Salvador was a great step towards that). Binance, CDC and other exchanges aren't going away in the next years, they'll only grow... ETH 2.0 coming soon (still gonna be late, but it's soon anyways) will have a huge effect on ETH prices.
Will it? Why won't it fall instead? I think it is very hard to predict BTC right now. Most likely, interest rates will go up soon. Most people think that higher interest rates = lower inflation = bad for Bitcoin. Which of course holds true if enough smart people think so. This cycle may very well be over.BTC will spring back up, its recent update is just a reminder that "hey, we can still work on making it better" after the big energy debate.
I agree. The majority of those pro-crypto should hodl most of their portfolio. As I see it, it has the highest risk/reward ratio. But I'd say that BTC and ETH should be at least 50% of one's portfolio. I see ADA, BNB and CRO as much riskier to hodl than the king and queen.My $0.02: We're literally in the growth phase again. Cryptos won't be "done" until the volatility goes down and things start to settle down. At this point, Big coins/tokens will have matured and be fully developed (who knows when?). As always, volatility means risk, so use your brain. Unless you're "daytrading" tokens, I'd rather HODL the hell out of 'em, whether it's BTC, ETH, ADA, BNB, CRO, etc. Any token/coin that's developing uses and infrastructures is promising.
I don't get these two to add up. If this cycle is over, the next one is starting after the next halving in 2024. Bitcoin can't reach 100K in the next cycle before 2023.Now, since it's a prediction thread, here are my thoughts on what will happen before 2023:
- BTC to 100K easily in the next cycle, just based on the Crypto hype, could go way higher with more updates and features. Why ? Most of the people that will want in on the crypto market will buy BTC instead of buying something else that could be better.
ETH may very well hit #1, but not for long. Bitcoin is literally a national currency, ETH is not. ETH is great, but it still has a long way to go before it can compare itself to BTC.
- ETH to 10-15K before 2023. Would make it #1 Crypto in market cap, which would reflect the vast uses of the ETH network.
ETH 2.0 may kill BNB completely. Any smart contract deployed on Binance Chain can be deployed on Ethereum, so if ETH 2.0 is successful, I see no reason why people would prefer the centralized Binance chain over the decentralized Ethereum chains.
- BNB to 1K (conservative)
I'm sorry, I don't have much to add here. I don't understand the ADA community, and I probably never will. Personally, looking at the tech, I think it's priced way too high. But I think the key takeaway here is faith in this coin. ADA seems like a religion to me.
- ADA could follow ETH growth to an extent, it already went from $0.004 to almost $2.00, could spring again since a lot of people have faith in this coin.
Blank. I want one of those shiny metal crypto cards, I think they look awesome. But I haven't really read up on CRO or its competition at all.
- CRO could stabilize between $0.30 - $0.50. Unless VISA does a crazy move with them, I doubt this will go past the dollar mark anytime soon, BNB is too big (even if I own more CRO than BNB) and CDC is just pumping money in marketing that doesn't really lend great results for them, while Binance "just is" Binance.
I agree. Still, I think investing in NFTs can be worth it if it is (1) collectibles issued by a well-known entity, for example, an artist, musician, band, etc, or (2) it can be utilized in a game, like gods unchained or NFT Magic the Gathering cards. But it's more or less like buying a lottery ticket.Also, it could be a mistake, but I'm not even looking at NFTs until there's an actual use for them (like the VeeFriends NFTs which actualy give you something useful).
I think it's a good prediction, but I'd love to hear some more of the reasoning behind it. How did you reason to get such exact numbers? What could happen that makes you change your predictions?What do you guys think ?
I am not even looking into NFT as an investment until it's started to be used for real estate etc.
It has a future, but nothing there yet.
So Ape in? Got itPlease note - none of the above is advice on what you should do financially. This is a project I'm personally invested in and believe to be a game-changer in the blockchain space. There is significant risk associated with investing in crypto startups and most projects fail. With that said..
The first rule of the ape.So Ape in? Got it
This is one that I actually can speak to since I was in the TITAN/IRON project and followed it pretty closely. The protocol as designed is actually genius. I loved what they built and it was the perfect flywheel with one tiny flaw that only got exposed when the Bank Run Stampede happened. They passed several audits and nobody could have forseen this.Here's a rundown over what happened to IRON: Rekt - Iron Finance - REKT
Funny story is I almost considered farming TITAN/USDC, but I had learned an expensive lesson on another algorithmic coin and decided to stay out of this one.
Remember, there is no free lunch. If a farm promises 50,000% APY - you've got to really tell yourself your other LP pair has to be so much more valuable than their token for the protocol to be rewarding you with so many incentives for access to liquidity.
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