ETH

How is ETH still sitting around $600? BTC is testing it's ATH everyday, meanwhile the very token which 80% of crypto is built off of is still 60% down from it's ATH

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thedefiant.substack.com/p/ether-is-the-best-model-for-money
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because only bitcoin matters

The rise will be glorious. Our time will come fellow mETHheads

Alts haven't caught up. When they do it will be glorious.

Look at 2017. our time will come soon

Because bitcoin is very bipolar right now. If it can start to crab for a few days then eth will pump to 700 no problem.

99% of shiterium tokens are scams and frauds. I'm surprised this shitcoin is still $500. Can't wait to dumb my last few eth.

What are you waiting for? If its a shitcoin scam then dump it faggot

Nice fud retard just sell it now before we hit 0

>99% of internet data is useless, internet shouldn't be used
But yes, ironically and unironically, ETH is digital oil world computer spaghetti code going to be #1 crypto and also a total shitcoin.

99% of computer programs are useless shit. Therefore, computers are worthless.

LOL the ethtard cope itt

You do. I think this article makes the best case:
thedefiant.substack.com/p/ether-is-the-best-model-for-money

eth is basically the commonly accepted currency on the network. every dapp accepts it

Only have a few left, will dump near next ATH. Had over 300 last bullrun, made good money can't complain. Time to move on from this cancer.
Based and shiteriumpilled.

People don't understand it. Sounds like an arrogant, cringy defense but it's true, the average person just don't get what ethereum is or why it's so important in the crypto world. Bitcoin is simple, it's just a token you can transfer or store like money, and that's it. Easy to market to boomers and zoomers alike. It's much harder to envision a decentralized computer with a functionality scope a thousand times wider than bitcoin.

right now ETH is accumulating the most amount of fees of any blockchain, including BTC. in fact, it's cucking BTC. as development continues on top of ETH, there will always be a need for ETH for fees. fees are just one use case. it's also a gateway to DeFi, altcoins, etc. additionally, when ETH moves to PoS and eventually EIP1559, ETH will become capped and then deflationary, so more scarce. in other words, it's going to be valuable as fuck to own.

I'm just as pro-BTC and anti-ETH as you, but anons need to realize that ETH's greatest power (it's pretty much a decentralized Turin-complete VM) is also its greatest weakness. The concept of smart contracts as a way to code decentralized applications is revolutionary, but the problem is that even the best software developer will at some point write exploitable code. Pretty much every week you can read about some elaborate exploit stealing hundreds of thousands or even millions worth of crypto from some dapp. And there's just no way to reverse the transaction. Once it's gone, it's gone.

Good dapps like Uniswap and Curve have never been hacked though, so writing good code is definitely possible.

tons of devs take the easy road and get fucked. software needs to be audited, then audited again, then have testnets and then finally launched. even still there might be bugs. bugs still are caught even on iPhones and in Windows. but devs pushing out good software following good protocol rarely have large issues

interesting, thanks for that
yea I can see how staking and eip-1559 are bullish
I sold before it broke dwon on the ratio but might re-buy incase you nerds are right.

Everyone's heard of bitcoin. And that's all they know. Normies are perpetual suckers and it will take them at least another decade to notice the financial system being built on ethereum.

I think the way forward is to find a generally accepted way so that the average software developer can produce secure smart contracts. Maybe by using a subset of the language or by using some rigid framework or whatever. "Good" dapps can often be exploited as well. Just look at the OUSD exploit for example. The code was exploited not because of a sloppy developer, but because someone found a very specific flaw in the code and exploited it.

Can you say with absolute certainty that Uniswap and Curve won't be hacked in the future? I can't and neither can you. The code being open source doesn't mean shit at all. We need a mechanism which allows us to easily verify that the code is indeed not exploitable.

It actually was because the dev was sloppy. The contract was designed to accept only a handful of stablecoins. It did not check if the coin being deposited was one of those handful of stablecoins. this is an obvious mistake.

no one can say with absolute certainity that the crypto behind bitcoin and ethereum is mathematically sound. There is no mathematical proof that the discrete log problem is hard to solve. there could be a way to easily calculate private keys from public keys that we don't know about. however, anyone who can do this can take billions of dollars and become famous. same with uniswap and curve, which have a billion in liquidity. a billion dollar reward is enough for any hacker to try to hack it.

Billions have been poured into making iPhones secure, yet people have found a way to jailbreak all the phones up to the iPhone X, effectively rendering the whole security of iPhones worthless. It's not a big issue though; Apple's not going to lose a lot of revenue just because of a iPhone jailbreak. A bug in a large dapp can wipe out a whole business. Audits and excessive testing don't cut it either. We need a way to 100% make sure that code is not exploitable and as long as we're basically coding distributed Turing-machines that's not possible.