Ethereum - Blockchain App Platform
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
The project was bootstraped via an ether pre-sale during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.
Beginner's Read This
https://www.reddit.com/r/ethereum/commen...
Other Resources:
https://ethereum.org/
https://www.reddit.com/r/ethereum/
https://www.reddit.com/r/ethtrader/
http://www.weekinethereum.com/
https://theetherian.wordpress.com/
https://github.com/Scanate/Ethlist
https://dappdaily.com/
edit: from Kazuya - https://docs.google.com/document/d/19Orq...
Spoiler
We're at a point now where L3's (Arbitrum Orbit) let you choose a gas token. Soon users won't need any ETH exposure.
Hot take on a recent podcast that (ether) is only useful for staking yield on L1. Kind of agree.
Its like saying you don't need BTC exposure because the tech is antiquated crap
Maybe true, but its still the king and there is next to zero chance you convert enough whale maxi's to move the needle.
Chain fragmentation is too severe for new protocols to dethrone the kings, imo
just posting to remove the "new post" bug
That was driving me crazy. I didn’t think to post to fix it. Haha
The owner of the crypto casinos must be absolutely loaded. ETH at 3800. Like must be several billions at this point.
The owner of the crypto casinos must be absolutely loaded. ETH at 3800. Like must be several billions at this point.
why?
most take bets in stablecoins
and for those that take eth, guess you're assuming they hodl
anyways not disagreeing that heavy volume book operators are raking it in, just not following your reasoning.
ETH had a nice week because of the upcoming upgrade in 2 days along with the spot ETH ETF being up for approval in May. I don't think it'll be approved in May but will the next time around and then we'll see a huge ETH run.
blobs are here
Some minor sell the news happening today, should be back over 4100 in no time
Hot take on a recent podcast that (ether) is only useful for staking yield on L1. Kind of agree.
One million billion validators - https://dune.com/hildobby/eth2-staking
Because it's so useful.
ETH god candle just now on the back of news that it looks like ETF approval going to happen.
Do wordle today
Spoiler
bump
Sniffing at 3k
ETH sentiment on CT could not be any worse at the moment. I’d be buying more ETH here if I didn’t have other alts I’m trying to build positions in over the next few months.
Nearly a year later, sentiment possibly even worse.
While MSTR in the HSA obviously looks better in hindsight, I maxed the HSA for 2023-2024 into ETH ETF’s. Assuming a normal bull market I have a hard time seeing ETH underperform BTC from here.
ETH/BTC did a 4.4x from 0.018 in Sep. 2019 to 0.08 in Oct. 2021. If the incoming administration and new SEC chair loosen up on restrictions (e.g., allowing in-kind redemption and staking yield in the ETH ETF’s) I think you’ll see an explosion of flows into the ETF’s.
Otherwise, spot bags mostly BTC heavy, 10% ETH and some small market cap coins I’ve been building a position in for the last year. New monthly DCA’s will probably go into a small basket of memes to take advantage of that mania when it comes. Not much of a SOL position unfortunately :(
Longer term, a clearly defined (and permissible if not encouraged) regulatory environment should lead to a redemption arc for dApps and novel ways for revenue sharing, dividends etc.
Guess I need to learn how to use the search function...
Also the OGs remember when the guy with the cat/monocle profile pic went back and forth about how good/bad with the HS reg who said he had like 8k ETH?
I miss you guys.
The Etherium death knell has been sounded...
it wont matter if no one is developing on it and it can not scale flawlessly.
it's great to be first mover, but even with the induced deflation, it has become an increasingly irrelevant protocol that people just wont seem to let go of. They see it's market cap and think that it will become BTC someday... that's not going to happen.
I remember prior to last cycle top, I had 50 ETH at $180... I sold it at about $250 and I thought I was a great trader. That would have topped out at $200k had I held. I haven't held any Etherium since POS was initiated.
I'd love to be proven wrong for all my brothers who own it.
I would venture a guess that there is more development happening on ETH than any other chain. Maybe more than most combined.
Its just happening at the layer level
I also don't think ETH will ever be replaced as the security protocol and will continue to capture the highest TVL defi entities. This will be more and more pertinent as trad fi and defi begin to intersect
