Cryptocurrencies

[Vish_ram]

Bitcoin - Store of human economic wealth. For everything else you’ve fiat

[fareastwarriors]

Why is ETH not moving up more?

[thowed]

6 hours ago, fareastwarriors said:

Why is ETH not moving up more?

 

Because BTC is experiencing high speculation?!

 

I think it boils to simply that Bitcoin is THE Brand in Crypto - a lot of people buying in now may have barely heard of ETH.

 

It still seems bizarre to me that the big brand is one where a) the creator is unknown (can you imagine the red flag in any other industry?!?) and b) based on older, slower technology than the competition (though precedent in VHS/Betamax etc.).

[wachtwoord]

On 11/6/2024 at 8:08 PM, TwoCitiesCapital said:

 

All we've done is trade one "danger" for another. And the one danger that we're 'avoiding' was largely already solved via self custody.

 

So we went from remote 'danger' that is already well managed to other dangers that are not. 

 

 

 

We traded away from danger. The extreme war monger are out of office. The ones responsible for the horrible Ukraine conflict escalation amoung other things (what they did to Syriah and Libya is unforgivable).

 

Unfortunately Trump showed last time he can be coerced into signing off on such matters too but at least the president himself isn't directly in favor of it himself this time.

 

Also Trump understands China is the geopolitical enemy, not Russia. Russia should be a western ally but I guessthat's fucking ruined now for the foreseeable future. Pushed into the arms of China.

 

Edit:

 

I'm sorry to say, but your comment on free media is just laughably naive. All main stream media is controlled. Freedom of speech is primarily attacked by the left/democrats with their Orwellian "fact checking" (conforming to the government ordained truth which is nigh never the truth in the true meaning of the word, actually quite often closer to the opposite), prosecuting people expressing opinions, trying to criminalize encryption etc etc. They are simply attempting to move to a world where everyone but them is completely and utterly oppressed and loses as individual right or agency.

 

Don't like the republican party either of course (although marginally less bad than the democrats) so no idea what to do after Trump (as he isn't actually a republican at all).

 

Edited 9 hours ago by wachtwoord

[wachtwoord]

8 hours ago, fareastwarriors said:

Why is ETH not moving up more?

 

Cause it has little real value and is extremely overvalued relatuve to Bitcoin by at least a 100-1000 factor. At some point the market should start reflecting that.

[TwoCitiesCapital]

2 hours ago, wachtwoord said:

 

We traded away from danger. The extreme war monger are out of office. The ones responsible for the horrible Ukraine conflict escalation amoung other things (what they did to Syriah and Libya is unforgivable).

 

And the Republicans did it to Iraq and others before them. Our foreign policy has been atrocious regardless of party. Trump might be a slight improvement here, but I remain to be convinced. 

 

2 hours ago, wachtwoord said:

I'm sorry to say, but your comment on free media is just laughably naive. All main stream media is controlled. Freedom of speech is primarily attacked by the left/democrats with their Orwellian "fact checking" (conforming to the government ordained truth which is nigh never the truth in the true meaning of the word, actually quite often closer to the opposite), prosecuting people expressing opinions, trying to criminalize encryption etc etc.

 

Yes. There are attacks from the left. But the right is no better and arguably more dangerous IMO. The media is far from perfect. But as of right now it is only Fox that has paid the largest settlement  in history to avoid going to trial for knowingly lying for clicks and eyeballs.

 

Additionally, Elon has taken over Twitter and is doing the exact things he complained about the prior board doing, but to elevate his voice, his conspiracy theories, and to quiet the dissenters against himself. 

 

All media is propaganda. But the way the left tends to propagandize is through silence on a topic. The Right does it by outright lying. I view both to be bad, but one is worse than the other. 

 

2 hours ago, wachtwoord said:

They are simply attempting to move to a world where everyone but them is completely and utterly oppressed and loses as individual right or agency.

 

The left could use a dose of respect for self responsibility. So could the right - because they're all about it until they were hamstrung by the political climate, or unfair competition, or immigrants willing to work more cheaply, or the election being stolen, etc etc etc

 

2 hours ago, wachtwoord said:

Don't like the republican party either of course (although marginally less bad than the democrats) so no idea what to do after Trump (as he isn't actually a republican at all).

 

 

Same. I'm fairly center and primarily voted independent or right until Trump came into the picture. Now I support candidates on the left not because the policies are better but because they aren't absolute terrible people help bent on power by any means necessary like most MAGA Republican politicians seem to be. 

Edited 7 hours ago by TwoCitiesCapital

[Paarslaars]

Dems are not different, as hell bent on power ze Trump, just different agenda's. I would have always considered myself a democrat until they started pushing the woke agenda.

[jfan]

I was just looking at the miner innovation over time.

 

The current 2024-25 models have up to 860 Th/s with an energy efficiency of 13 J/Th at a $19/Th pricing. 

 

If look back to 2018 for example, a miner might have 20.5 TH/s with an energy efficiency of 75 J/Th at prices between $50 - 200/Th. 

 

Despite, the total hash rate going up over time, the cost and the energy efficiency to run the network gets lower and better pretty consistently. 

 

[rkbabang]

Good interview with Tad Smith.

https://www.youtube.com/watch?v=1z3bxzu_5E8&ab_channel=TimKotzman

 

 

Here's a good short clip from it: