Ethereum People only say Eth, because they can't spell Etheriuem properly. |
- People only say Eth, because they can't spell Etheriuem properly.
- Why is ETH so popular when their gas fees are so unreasonably high?
- How come no one in the industry ever calls out ponzi schemes like HEX? Where's Vitalik?
- Cross-chain atomic swap protocol between Monero and Ethereum
- As someone with < 1 ETH, should i move my ETH to an exchange?
- Will Eth 2.0 solve the high gas prices?
- Where did I send it?
- Where should I buy all my crypto?
- Who is staking ethereum on coinbase? And if so how are you liking it? Can’t take the money out yet. And no one knows when we will.
- First pair of crypto kicks made let me know what you think !
- Long term ETH burn vs Equities
- Where best to stake ETH in Australia?
- Can all the ETH be burned up?
- What did I do with my ETH?
- No More Ethereum ETFs? Proshares, VanEck Withdraw Ether ETF Proposals
- Kraken has a ETH2.s to ETH trading pair to trade staked ETH to unstacked ETH. Should I just buy some staked ETH there and get a discount instead of clicking "stake"?
- The Ethereum FUDBuster - An Attempt 1
- The Ethereum Citadel- Part I; Fictional Futuristic Utopian SciFi DeFi Historic Record
- Want to transfer ETH to hardware wallet but the fee is crazy expensive
- Transaction missing on Etherscan?
- What's the best and safest way to earn interest on my ETH?
- Is staking 'safe'? If no: why do people do it, if yes: why not everybody(who HODLs)?
- Why DeFi Is More Than A Ponzi Scam
- This may be a naive question but I’d like to learn how to sell personalized gifts from my hobby business and accept Ethereum. Do I need to create a wallet or can I create a business on the Ethereum network? Any resources would help, Thank you folks! Follow us at @fun_graving
| People only say Eth, because they can't spell Etheriuem properly. Posted: 22 Aug 2021 01:32 AM PDT | ||
| Why is ETH so popular when their gas fees are so unreasonably high? Posted: 22 Aug 2021 12:35 PM PDT not slamming ETH, just want to know as I rarely use it because of its fees [link] [comments]  | ||
| How come no one in the industry ever calls out ponzi schemes like HEX? Where's Vitalik? Posted: 22 Aug 2021 06:49 PM PDT When you stake on HEX, your coins go to Richard Heart's personal crypto wallet that he controls called the Origin Address. To put it bluntly, it's the same kind of scam that Bernie Madoff, Bitconnect, and Charles Ponzi pulled. There are many scams in crypto that operate like this, but most of them are tiny. Hex is now the largest ERC20 token by marketcap and is usually among the highest trading volumes on Uniswap. It is too big to ignore. The industry has chosen to deal with this scam by giving it the silent treatment. Coingecko and Coinmarketcap have taken action by hiding HEX from the front page. Coindesk has not made any articles mentioning Richard Heart over the last year. No prominent leaders in crypto have went out of their way to call this scam out. Pure silence from the industry. Where's CZ? Where's Sam Bankman Fried? Where's Vitalik? Vitalik doesn't seem to hold back any punches when calling Craig Wright a scammer, but is completely silent about Richard Heart. The dangers of our silence is that we created a vacuum that Richard Heart exploited to legitimize Hex. If people called it out, the scam would not be anywhere near as big as it is today. [link] [comments]  | ||
| Cross-chain atomic swap protocol between Monero and Ethereum Posted: 22 Aug 2021 12:03 PM PDT
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| As someone with < 1 ETH, should i move my ETH to an exchange? Posted: 22 Aug 2021 04:47 PM PDT I've seen gas fees go well above 100$ just for transferring ETH, so my consern is they will come to be so high that i won't be able to transfer it without losing most on fees. I guess what e mean to as is: did the new EIPs do anything to make things better in terms of fees for small owners of ETH in the long run? [link] [comments]  | ||
| Will Eth 2.0 solve the high gas prices? Posted: 22 Aug 2021 07:24 PM PDT | ||
| Posted: 22 Aug 2021 06:14 PM PDT I was looking through my Coinbase transactions from a while back because I thought I remembered storing away some Ethereum somewhere about 4 years ago. I was is a car accident around that time and had a pretty bad concussion, I have no recollection as to where this wallet(?) is. I have the public address where it was sent, and I have a seed, but don't know what to do to retrieve it... Does anyone have any suggestions on how I can track it down? much obliged... [link] [comments]  | ||
| Where should I buy all my crypto? Posted: 21 Aug 2021 10:51 PM PDT So I currently have all my crypto in Robinhood, I have roughly over 6k in crypto on that plate form.. what is the best app/website etc. for my crypto purchases and holdings. FYI, I also have stocks with Robinhood and Charles Schwab but my % return is sad compared to my crypto returns. Appreciate the help boys. [link] [comments]  | ||
| Posted: 22 Aug 2021 08:23 PM PDT
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| First pair of crypto kicks made let me know what you think ! Posted: 22 Aug 2021 07:52 PM PDT
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| Long term ETH burn vs Equities Posted: 22 Aug 2021 01:24 PM PDT Assuming full market saturation ( I.e. full adoption of ether..whenever we get there) wouldn't we need to be reducing eth supply greater than 7%/yr to make it a more attractive investment than equities? (Or 5% assuming 2%inflation eroding fiat value) How will that be achieved? Do we think this is achievable? Can someone explain the vision here [link] [comments]  | ||
| Where best to stake ETH in Australia? Posted: 22 Aug 2021 06:42 PM PDT Hi all I am just looking for some advice on the best place to stake my ETH in Australia. It seems kraken is a viable option but I'm not so sure about it being stuck until 2.0 which could be a prolonged period of time. Any thoughts? Thanks [link] [comments]  | ||
| Posted: 22 Aug 2021 02:01 PM PDT | ||
| Posted: 22 Aug 2021 04:31 PM PDT Hello! So I was messing around today. Trying to understand the binance smart chain. I think I accidentally sent my ETH to a binance smart chain address (should be my address) unintentionally. Luckily it was only a small amount, but it was still mine!! And I had this in my MetaMask wallet to use for gas fees and now that account has no ETH in it. Here is the transaction hash: 0xe9e9d39faf512aba5a27e6177513d32430cb2a3a10c1b55970b877feff68fce2 Can somebody help me track this down? And maybe help me get it back if possible? [link] [comments]  | ||
| No More Ethereum ETFs? Proshares, VanEck Withdraw Ether ETF Proposals Posted: 22 Aug 2021 02:49 PM PDT
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| Posted: 22 Aug 2021 06:39 AM PDT I am considering staking on Kraken. They also have an trading pair made off ETH and staked ETH and as far as I understand this is a way to escape the lock in until ETH2.0 if you want. The drawback is that the staked ETH trades a little under 1 ETH. If I understand correctly that means I could get staked ETH for a slightly lower price. Should I just buy that instead of using the big "Stake" button? Am I missing something here? [link] [comments]  | ||
| The Ethereum FUDBuster - An Attempt 1 Posted: 22 Aug 2021 02:28 AM PDT Hey everyone, so I decided to take some time to address some of the common FUD that has been thrown into this subreddit with hopes it may help some newbies into ETH to at least understand the whole context to the FUD that is used usually by Bitcoin Maximalist. I will definitely make mistakes, so I hope this can be something that everyone will critique so I can improve on it! So let's get on to it! ETH IS A PREMINED 'SHIT' COIN
ETH is a INFLATIONARY SHITCOIN with UNLIMITED SUPPLY
PoS is shit and leads to centralization, enriching Vitalik and co who has a lot of stake in ethereum. credit to /u/SwagtimusPrime
Nobody knows how many ETH there is
Ethereum will never scale, too much bloat
Vitalik makes all decision in Ethereum Changes
Gas Fees are too expensive, nobody will use ETH
OK I need a break, probably will add more when I feel like it. Other points to talk about if anyone wants to help
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| The Ethereum Citadel- Part I; Fictional Futuristic Utopian SciFi DeFi Historic Record Posted: 22 Aug 2021 01:04 PM PDT | ||
| Want to transfer ETH to hardware wallet but the fee is crazy expensive Posted: 22 Aug 2021 10:04 AM PDT I have a large sum of ETH on my hardware wallet nano s and the fee to send it to that address is 0.016 eth! That's a ridiculous sum considering atm I only want to move only 0.05 eth. What are my options? Shall I just dollar cost average more eth and send a larger sum of Eth to the address? [link] [comments]  | ||
| Transaction missing on Etherscan? Posted: 22 Aug 2021 09:18 AM PDT When I download all of the internal transactions from Etherscan through the web interface, it appears to be missing one transaction. This is because the sum didn't sum to my wallet balance. I made sure the dates included all transactions that occurred. I am using the "CSV export" feature on etherscan.io. When I download the transactions using the API: https://api.etherscan.io/api?module=account&action=txlistinternal&address=<MyAddress>&sort=asc&apikey=YourApiKeyToken The missing transaction appears (the sum reaches the wallet balance and the missing transaction hash appears in the list). Why would the web interface exclude a transaction? Is this a bug? [link] [comments]  | ||
| What's the best and safest way to earn interest on my ETH? Posted: 22 Aug 2021 08:38 AM PDT I've been doing some research and I cannot for the life of me figure out which option is best for what I'm looking for... I'm looking for the safest way to earn interest on my ETH without having to turn it into some other token, I'm also looking for the best interest rate I can get without having to worry about locking it up until ETH 2.0 comes out. So far I've looked into BlockFi, Celsius, Compound, Aave, etc. BlockFi seems like the best that I've read about so far. Does anyone have any good experiences that they can share or anything they would recommend? Thanks! [link] [comments]  | ||
| Is staking 'safe'? If no: why do people do it, if yes: why not everybody(who HODLs)? Posted: 22 Aug 2021 06:30 AM PDT I understand that there's a risk but how much of a risk is it really? Are there better alternatives to staking? [link] [comments]  | ||
| Why DeFi Is More Than A Ponzi Scam Posted: 22 Aug 2021 05:45 PM PDT General ConclusionSome people claim that DeFi is a scam ponzi because there are a lot of pumps and dumps. Everything on Twitter is shilling all kinds of different projects. Now there are a lot of risks involved, and the projects are not fully audited. So a lot of people are wondering this is a ponzi scam of part of the innovation cycle. In this article, we will tell why DeFi is more than just a ponzi scam. We cover 3 things today:
When talking about DeFi here, we are referring to the general ecosystem and not a single project, because the ecosystem is doing quite well in general. Sure, there are some systems around the world with plenty of scams. This includes traditional financial market. But you cannot discredit the entire system because of a few black sheep. DeFi is a new system and industry. There will be a few scams coming out but you cannot define this for the entire ecosystem, which is doing a lot of good and interesting things. DeFi and PonziIf you google the keyword "DeFi and Ponzi", you can see a lot of articles saying that DeFi is like Ponzi, just another name called, DeFi is basically ICO 2.0 where people are pumping and dumping, whale manipulation, etc. What it feels like: Everything is just memes and a joke. Is this even serious? Why do I have to join? How is this legal and how can people make money? Projects with 100% APY; where does the money come from and why is it valuable? People just swapping or trading tokens together, but it was in a circle, a pyramid scheme. What it actually is: Liquidity Mining (Synthetix) and Yield Farming (Compound) are ways to bootstrap growth and to reward a decentralised community to take ownership of the protocol. High rewards for risk takers in the early days is rationally sound. And when payout for the risk takers happen all at once, it feels like the APY is insanely high. Why DeFi is not Ponzi1. Grow the Pie Answer the above question briefly: this is not necessarily true. If you look at the distribution of the entire economic value as a pie, a ponzi scam is where you are extracting value every time someone is coming in. This means that the pie doesn't change much, you give your money to someone else to receive new tokens. DeFi is like the pie, that keeps growing. There are many projects/protocols under construction, such as lending protocol, Dex protocol, portfolio asset management protocol, etc. They're in beta testing in this early stage and they do not try to capitalise on the entire financial market which is a big field. Each DeFI tries to do well with a specific purpose, they are like small lego blocks, combined together to create various different products. This is composability, the protocols can interact with each other and make the pie grows. Just like in order to make a delicious pie, we have to add more kinds of fillings. This is why it is so interesting and exciting. On the protocol side, the protocols with all these little ecosystems and applications whose own community can grow by interacting together. With the platform which is pretty neutral because they are technology, the added value from connecting buyers and sellers. If we look at economics, this is supply and demand, and they only make sense when there is equilibrium and interacting together. The protocols/applications are trying to build to the playing field, from which suppliers and buyers can come to interact with each other. The more interactions, the more economic value added is created and the pie keeps growing. 2. Experimenting with New Business Models According to the economics perspective, if you observe the previous business models, it is usually one-sided. Going back to the above example, if I make a cake, you go to a bakery and buy it, there is nothing more I can do like asking a few people to try a new or similar flavour. Supply and demand are still very dependent. However, when we look back about 10 years ago, a new business model emerged called the platform. We have Amazon, AirBnb, Uber, etc. which provide the technology to connect the two sides of the ecosystem together to transact. This creates a lot of economic value. Suppose I am an economist, the question is: how to quantify the economic value created? We can then calculate metrics like GDP, because it represents the growth of a platform. With these values, you can calculate the value-added with all of these transaction fees. But there is a lot of intangible value being created in the ecosystem, which is connecting two sides of the platforms together for easier interaction. By reducing transaction costs, it increases economic value. This is what an economist observes and we are working on it. Specialities focus on the digital economy and how to compute them. I realised that what we are doing with native tokens is considering how valuable they are to the ecosystem. Tokens can have a lot of utility and represent value. More specifically, these tokens are representing the value of some ecosystem. That way, we are assigning a monetary policy value to the economies that the system is creating. And we can calculate metrics, like GDP. All of the above gets interesting. 3. New P2P Incentive Models We are developing new p2p incentive models. One thing about decentralised finance as a whole is the complete elimination of middlemen. Instead of centralised power in one person/place, they are distributed equally to everyone. Now, we have more money to be distributed, instead of sending them to intermediaries. In traditional finance, for example, a public initially listed on a stock exchange must go through banks and pay them an expensive fee, but these are eliminated in decentralised finance, where those companies can list their tokens on dexes, provide liquidity, and lots of other incentives. This is very interesting. We are phasing out intermediaries that are stealing a lot of money. But the bad thing is we have a lot of money not distributed: how do we allocate them? How do we reward the right types of people? I would say that these will keep moving forward because we realise that capitalism does not work so much anymore and is not going to be sustainable in the long-term. That makes us look forward to new paradigms of capitalism, like social capitalism kind of thing. We need to have lots of new p2p incentive models and the best place to test is DeFi which has liquidity farming, yield farming, etc. For these interesting mining and incentive mechanisms, we are trying to try many different incentive mechanisms and create many interesting future mechanisms. Future of DeFiThere are two things that we see in DeFi's future:
ConcludeHere is a quick summary of the Ponzi Scam and DeFi and I would say that not all DeFi platforms are Ponzi Scam. One of them could be a scam and you need to check it out carefully. For non-scam projects, they are fun experiences. We need to learn to understand how it works and explore what kind of experiments capital allocation and governance system that could be. Honestly, I am going to tell you that there is so much economics literature out there, talking about the technical and the academic aspects of all these experiments, but we never really had a chance to explore them. There are a lot of interesting monetary policy mechanisms in academic papers, but we don't really use them. We have a lot of dynamic variables in DeFi space and we can test these experiences. In fact, in the economics space, a lot of people are experimenting with many different theories on DeFi and if it works which will lead to a huge change and bring DeFi even more powerful. Their users also become part of DeFi's future development. An example of a testnet is the experiments of crypto and crypto itself is the experiments of the off-chain world. This is super fascinating and now one of the best times to be. TLDR: DeFi is still in its early stages and it is still risky. There are scams here and there. But we should not use a few black sheep to define the space as a ponzi scam. DeFi will develop further in the future with better testing. And it is clear that its potential will develop very quickly later. DeFi is innovating fast. We should analyse and exploit the strengths. Scam projects will still emerge. Our continuous education and knowledge will help reduce that. Get smart: DeFi is not exactly a Ponzi Scam, it is still evolving and will have limitations in it. Get smarter: The growth potential of DeFi is huge, we see the traditional financial system, the governance system is very ineffective. Thing resources are under-utilised and expensive. DeFi is trying this problem and if it succeeds it will be revolutionary. [link] [comments]  | ||
| Posted: 22 Aug 2021 11:27 AM PDT |
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