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    Saturday, February 27, 2021

    Home Unlabelled Ethereum My first blender animation. It's not much but I'm happy with it :)

    Ethereum My first blender animation. It's not much but I'm happy with it :)

    February 27, 2021

    Ethereum My first blender animation. It's not much but I'm happy with it :)

    My first blender animation. It's not much but I'm happy with it :)

    Posted: 27 Feb 2021 06:31 AM PST

    My first ever Eth!

    Posted: 27 Feb 2021 02:21 AM PST

    I would just like to say (even though it may sound noobish) that I finally saved up enough money and just bought my first ever Ethereum!

    Many people said buy DOT, ADA or BNB but I love ETH. What this coin has done for the crypto community and what it stands for within decentralisation is so beautiful. Yes people doubted it and many coins came out as the next "Eth killer" but they never succeeded because it's about quality over quantity in this world. The hype train always leaves the station for the next "best" thing.

    I know this sounds very emotional and in crypto emotions = failure but I don't intend to ever sell it. Even if it becomes nothing I will have a memory. Long live Ethereum guys.

    Edit: Wow thank you all for the rewards. Glad to be a part on this ride with you!

    submitted by /u/Monovon
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    Crypto Twitter in a nutshell

    Posted: 27 Feb 2021 06:57 PM PST

    “If you want a fully finished blockchain today, that’s not Ethereum. Ethereum is a bet on progress.” - Vitalik

    Posted: 27 Feb 2021 08:00 AM PST

    I've been working on making scannable real life "tokens" of my wallets for all of my favorite coins out of wood. Created this Ethereum wallet token to hopefully start getting some tips in it from my second job, or at least start spreading the word IRL.

    Posted: 27 Feb 2021 01:36 PM PST

    Sold the Ethereum Diamond animation NFT for 0.15 ETH!!!

    Posted: 27 Feb 2021 08:38 PM PST

    Thanks a lot Leino if you are reading this. You made my day. Congratulations and enjoy your NFT

    This is my first NFT sale ever and I hope it's not the last one. Thanks everybody for making my post blow up!!

    submitted by /u/danielrp00
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    We need a blockchain version of onlyfans on ETH.

    Posted: 27 Feb 2021 07:04 AM PST

    Onlyfans has created a boom in sex work by monetizing the porn industry via commoditizing each star through the way of the free market. I'm sure you know someone in real life who has dipped their toes in creating porn recently because of this platform. One could argue whether or not this is good for society, but it certainly has been good for the pockets of these young emerging pornstars and created an entirely new market. When new markets emerge, new opportunities for blockchain to get a first mover advantage on this new market. I think the next step for NFTs would be to create some sort of competitor to Onlyfans.

    submitted by /u/ShotBot
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    My first NFT minted - Infinity Ding Dong

    Posted: 27 Feb 2021 10:45 AM PST

    how to recover ETH?

    Posted: 27 Feb 2021 11:58 AM PST

    Back in 2018 I did some mining probably about 1/3rd of an ETH somewhere - I have Myst, Ethereum Wallet and geth installed. I barely remember how it works, but i figured first step is to open the application

    Tried to open ETH wallet and it didn't work; said i needed to upgrade; so i updated eth-wallet to 0.11.1 and Mist to also 0.11.1 and I got a message about Geth 1.8.23. Then I realize its so old/forked that I need to start fresh.

    ​

    Is there a way to carry over my ETH or have I basically lost that at this point? Any general "recovery" guides?

    submitted by /u/magdit
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    This is the most amazing technology I have ever seen.

    Posted: 27 Feb 2021 08:38 PM PST

    I don't know how anyone cant see the world changing revolutionary potential of Ethereum. Its amazing what limitless possibilities Ethereum has.

    I think people constantly just caring about the fiat value of Ether are shortsighted, its not even about the value of ETH, the Ethereum network has the potential to lead to the digitalization and decentralization of humanity.

    submitted by /u/Vyruz2
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    Damien Hirst is accepting Ethereum as payment for his new Art, this is HUGE news!

    Posted: 27 Feb 2021 06:25 AM PST

    New ETH holder looking for a platform to buy from

    Posted: 27 Feb 2021 12:41 PM PST

    I currently only "own" ETH on Robinhood. In other words, I don't, I just speculate on price. However, I want to get some in a crypto wallet. My question is, what is the best exchange for someone to buy ETH and other cryptos in terms of transaction fees and security? I prefer decentralized, I've heard bad things about Binance but I'm not sure whether to check out Coinbase, Binance, or Kraken. Thoughts? Leave comments explaining please!

    View Poll

    submitted by /u/AngryPeasant2021
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    I just listed my first ever NFT, Any tips or feedback would be appreciated!

    Posted: 27 Feb 2021 01:45 PM PST

    I just listed my first ever NFT, Any tips or feedback would be appreciated!

    ​

    https://i.redd.it/r6vlgv9ra3k61.gif

    Check out the listing here (0.25ETH... bargain...)

    submitted by /u/ARTBYTHIRTEEN
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    What are the odds that the "ETH killers" really kill ETH?

    Posted: 27 Feb 2021 03:18 AM PST

    ADA, Polkadot, BSC... do they have a shot at taking down Ethereum?

    submitted by /u/_bush
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    Ethereum 2.0 questions

    Posted: 27 Feb 2021 12:33 PM PST

    Any guidance would be greatly appreciated I have two things I am confused about.

    1. Are there any drawbacks to staking your ethereum to 2.0.? I'm holding and not selling so having it locked up isn't an issue but any other things I'm not aware of

    2. Will ethereum 2.0 be a new coin like how BTC cash came about after the fork a few years back?

    I've been researching but can't really figure this out.

    submitted by /u/mandypixiebella
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    Guide: How to use the L2 Loopring Exchange

    Posted: 27 Feb 2021 05:27 PM PST

    What is the projection on staking rewards?

    Posted: 27 Feb 2021 10:20 AM PST

    Hey guys.

    I am currently locked in to staking my measly 1 eth on kraken. I am curious what people think the rewards will be like in, say, a year. Does it bottom out at 5%? I see that right now it is 8ish percent and steadily dropping, and only 2% of eth is staked.

    submitted by /u/Sovereign_Mind
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    Decentralization of DEXes?

    Posted: 27 Feb 2021 04:56 PM PST

    Decentralization seems to be really important in the crypto space due to regulatory risk (is this overblown, *cough* BNB *cough*). I appreciate that DEXes are "decentralized" by piggybacking on Ethereum, but how do the websites of DEXes avoid getting into hot water?

    Thanks!

    submitted by /u/GreatFilter
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    A solution to the erratic supply growth caused by uncle rewards and base fee burning

    Posted: 27 Feb 2021 04:55 PM PST

    I am open to criticism, if you disagree I'd love to hear why.

    A proper currency should be a medium of exchange. A way of converting labour into other physical things. That conversion is done through selling the physical result of your labour, or in our traditional system, the direct selling of your labour to employers (I would say the latter is not a good way of doing things, but that's a different conversation). If what you sell is wanted by others, your labour is worth more, if its not wanted, its worth less. You have to do labour that provides value to others.

    The currency is what provides the conversion of your labour to other products. This currency should hold the same purchasing power over time. In order for it to work effectively, it should neither inflate nor deflate.

    Inflation results in people losing their works value, and in people spending more than they should. That is what we have right now. People are spending more than they can afford and as a result, debt is very high.

    Deflation results in people not spending their money. This makes economic growth much harder, as money will not move. Gaining currency becomes increasingly difficult, as very little will want to spend. This means it is harder for people with less currency to be able to satisfy their needs, as they have very little currency to do it with.

    Bitcoin, is deflationary. First of all, it has sudden decreases in its emission every 4 years, and the supply will consistently go down due to lost coins, making it less desirable as a currency.

    Ether's current emission model would make sense if it wasn't for uncle block rewards and (after EIP 1559 is implemented), base fee burning.

    2 is ETH generated every 13 seconds. Assuming that the amount of ether lost per block goes up when the total supply goes up, eventually there will be an equilibrium, where the amount of ETH lost will match the amount lost, resulting in a stable supply. So, the optimal supply growth model of a cryptocurrency should be linear.

    Uncle block rewards make the supply growth more erratic. Which brings makes the emission more erratic and less linear.

    Also, now that the base fee is being burned, this will cause more of an erratic supply growth, and possibly deflation. Deflation is not a good thing. Its only a good thing if all you care about is price, and you don't actually plan on using ether as a viable currency.

    However, this doesn't mean EIP 1559 and uncle block rewards can't be good. Here is my potential solution:

    Instead of giving out the newly minted coins every single block, instead do it every n blocks (n could be 10, 20, 500, etc). Let's set n as 100 for now. So every block gives 2 ETH currently, so let's say the total given out every 100 blocks is 200 ETH.

    Now, this amount will be distributed among the miners of every block, and uncle block. Let's say 75% of it is equally distributed among every miner, and 25% is distributed equally among every uncle block miner.

    This gets rid of the erratic growth that uncle block rewards introduce.

    Now to add the base fee into the equation.

    The total amount of ETH burned gets added to the ETH that is distributed among miners.

    Because of these changes, the supply growth would be completely linear, making Ether a more viable currency.

    Again, I want to hear criticisms of this.

    submitted by /u/TheFronkler
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    Ethereum Vs Competitors

    Posted: 26 Feb 2021 10:50 PM PST

    Hi all,

    I've been a Bitcoin maximalist for years now and have started warming up to Ethereum. I have a small amount of Ethereum (about 4% of my Crypto at the moment) and would love some opinions on Ethereum Vs. the so called 'competitors' like ADA, DOT, BNB, whatever else is the "next ETH". So far, my gut feel is that all these alt coins are trying to copy ETH's main goal (kind of like how a bunch of alt coins tried to copy Bitcoin in the last bull market).

    I understand I might get some biased results on this subreddit, but I would love some opinions, links, articles, information, or really anything that I can look into as to why Ethereum is the go to for its purpose. I am currently considering whether to move a larger amount of my Bitcoin into Ethereum, with the hopes of running my own validator one day, and would love as much info as possible.

    Thanks in advance!

    EDIT: Thanks for all the posts so far! It's all useful info to me, regardless of whether I may directly agree with the statements or not. I will take it all into consideration as I do more research into Ethereum!

    submitted by /u/Mikgezo
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    Did Miners finally implement "Child Pays for Parents" for tx confirmations?

    Posted: 27 Feb 2021 03:28 PM PST

    I made many tx, slowly increasing the fees but with the last one being much higher.

    It was still taking some time but then all of them got in the same block.

    Anyone feels like CPFP is finally implemented and widely used like in Bitcoin?

    submitted by /u/cryptohazard
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    New mint NFT

    Posted: 27 Feb 2021 06:24 PM PST

    Telegram....Ethereum...mining

    Posted: 27 Feb 2021 06:17 PM PST

    I just made my first NFT

    Posted: 27 Feb 2021 01:34 PM PST

    Buying Ethereum

    Posted: 27 Feb 2021 05:11 PM PST

    Where is the best place to but ethereum and why?

    submitted by /u/BR1127IQ-TV-GV
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