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    Wednesday, October 13, 2021

    Ethereum I new r/bitcoin was maxi heaven but wow

    Ethereum I new r/bitcoin was maxi heaven but wow


    I new r/bitcoin was maxi heaven but wow

    Posted: 13 Oct 2021 10:29 AM PDT

    A Psychedelic A.I. Generated Journey Through The Mind Of Vitalik Buterin

    Posted: 13 Oct 2021 07:31 PM PDT

    Mark Cuban says Ethereum has the ‘most upside’ as a crypto investment

    Posted: 13 Oct 2021 11:24 AM PDT

    TIL: That anything that isn’t bitcoin is a shitcoin, huh. (I asked a mod why he thinks eth is a shitcoin and got perma banned)

    Posted: 13 Oct 2021 06:15 PM PDT

    “If Bitcoin is for the sort of person who would be hunkered with shotguns in a bunker during the apocalypse, Ethereum is for those who would be out on the streets, being eaten by the zombies, figuring out how to rebuild civilization in a way that includes them” - AVSA in the new defire Podcast

    Posted: 13 Oct 2021 12:47 PM PDT

    Best Place to Stake Ethereum?

    Posted: 13 Oct 2021 08:33 PM PDT

    Looking to get some good advice on where to stake Ethereum.

    Looking for a safe staking website/company with decent %.

    Doesn't have to be really high % as long as it is safe & % is fairly good

    submitted by /u/danny0015
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    Ethereum Sharding vs Polkadot Parachains

    Posted: 13 Oct 2021 09:05 PM PDT

    First of all I am learning, so I might be (most probably) wrong comparing these two things.

    Ok, yesterday I saw twit saying that Polkadot now ready for Parachain launch. Quick read on Parachain reminded me about Ethereum's shard chains, where you have one Beacon chain and all other 64 (63) chains will join it. Don't you think this is very similar approach to scalability? Will or is there any plans Ethereum could join Polkadot as a parachain? All ideas are welcome.

    submitted by /u/tumblatum
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    The Reconciliation Bill Should Be amended or blocked- 6050I will Felonize DeFi for US Investor

    Posted: 13 Oct 2021 01:50 PM PDT

    Wallets and NFT’s

    Posted: 13 Oct 2021 08:52 PM PDT

    My Coinbase wallet has funds that are literally trapped because of gas fees. Converting $17 of USDC to QNT has a gas of .12ETH. What wallet is superior in terms of transferring to and from exchanges? What would be the best wallet for holding NFT's? I don't want to pay an outrageous fee to move an NFT from a wallet or OpenSea.

    submitted by /u/Reanov7
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    Ethereum Wallet help.

    Posted: 13 Oct 2021 08:26 PM PDT

    So I thought I transferred everything from my Ethereum wallet a couple of years ago but it appears that there is some left after I logged into this laptop that I haven't used in a couple of years. I verified that it exists but I cannot for the life of me get it to sync up and send it somewhere else. Are these coins useless now because I can't get the wallet to work or connect. Any help would be greatly appreciated.

    Edit: I am expecting people to call me a fool for not checking sooner. And a fool I am. I just hope that it's salvageable.

    Edit 2: stop sending me private messages to link my address. I'm a fool but not stupid to give away information like that.

    submitted by /u/Gawwse
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    When will sharding go live on mainnet?

    Posted: 13 Oct 2021 08:45 PM PDT

    Why does ether gas station show such low gas prices

    Posted: 13 Oct 2021 05:56 PM PDT

    How am i suppose to use this website https://ethgasstation.info/?currency=USD.

    It says a gas fee is max $0.40. Which seems super low, and not at all in line what an actual transfer fee is costing me

    submitted by /u/versaceblues
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    Charged for a Failed Transaction

    Posted: 13 Oct 2021 11:12 PM PDT

    I was sending a transaction from MetaMask to Kucoin and Etherscan says the transaction failed, out of gas, yet the TXID shows that I was charged for GWEI and gas. Can anybody explain this? Here is the TXID
    0xdee10f4acd0b2faaabe80134d4f939cfe441f64ffa4ae4ac7c1f96d4ece75aa7

    Transaction Hash:
    0xdee10f4acd0b2faaabe80134d4f939cfe441f64ffa4ae4ac7c1f96d4ece75aa7

    Status:
    Fail

    Block:
    13414626 43 Block Confirmations

    Timestamp:
    10 mins ago (Oct-14-2021 06:01:26 AM +UTC)| Confirmed within 1 sec

    From:
    0x8e78490c5c4e50f88d455c5d9fb446bd917a6f99

    To:
    Contract 0xc91b523a59acc63a64f61fc7bbfb4bfc82dd25f2 (Multiverse: AI Token)
    📷 Warning! Error encountered during contract execution [Out of gas]
    📷 ERC-20 Token Transfer Error (Unable to locate corresponding Transfer Event Logs), Check with Sender.

    Value:
    0 Ether ($0.00)

    Transaction Fee:
    0.00335240919120672 Ether ($12.21)

    Gas Price:
    0.00000007518972752 Ether (75.18972752 Gwei)

    Txn Type:
    2 (EIP-1559)

    submitted by /u/gre9467
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    Scam?

    Posted: 13 Oct 2021 11:10 PM PDT

    Hey guys I came across this, it looks like a scam. Someone trying to spoof an Ethereum youtube account.

    https://www.youtube.com/channel/UCKKhh8C9Cm_7gT75hCkgX8w

    https://www.youtube.com/user/TheRajaaE

    https://www.youtube.com/watch?v=St_rddH3gSs

    https://gifteth21.com/

    I submitted a report to youtube but I wanna put this here just in case you guys can address it faster :)

    submitted by /u/s1ntax
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    My honest thoughts on Ethereum… The comments are gonna be fun on this one.

    Posted: 13 Oct 2021 11:07 PM PDT

    Why Ethereum Validators Do Not Owe Income Tax

    Posted: 13 Oct 2021 03:06 PM PDT

    Coinbase NFT is coming soon this will be huge for our industry get on the waitlist so you can be early to the scene!

    Posted: 13 Oct 2021 11:57 AM PDT

    Rinkeby Eth Request

    Posted: 13 Oct 2021 10:21 PM PDT

    Hi everyone!

    All of the major faucets for rinkeby testnet eth seem to be down, and if any of you kind strangers could donate me some rinkeby eth, I would much appreciate it. The only working one sends .001 eth a day at max.

    0xca0b0458C8A17D85E3aAd13771f8cDb75FE493Dc

    :)

    submitted by /u/classicgrungelord
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    $77 fee for a swap? I have abandoned so many transactions this week due to gas fees.

    Posted: 13 Oct 2021 10:24 AM PDT

    $77 fee for a swap? I have abandoned so many transactions this week due to gas fees.

    $77 fee for a swap (it almost doubled few minutes after I posted this)? Tell me again how ETH empowers common people? If a bank did this, there will be riots... lol. With ETH burning, will this ever get better?

    Edit:

    $136 now... crazy!

    Yes, you can wait - delaying just piles up things you want to do - I can't be watching gas fees 24/7.

    Yes, you can edit fee to be low - and risk losing gas money when transaction fails.

    ETH gas prices are unreasonable

    https://preview.redd.it/111uvpmu69t71.png?width=1360&format=png&auto=webp&s=0897ca6423f3759eee1dcd9c08ca56b57bef3559

    submitted by /u/Tech4biz
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    Ethereum is not good enough

    Posted: 13 Oct 2021 10:12 PM PDT

    Ethereum will merely degenerate into the very thing it sought to replace. Increased barriers of entry staking by making Ethereum a deflationary asset, alongside massive institutional and retail demand will make the market price of the asset appreciate massively. Although this may be good for our pockets, increased barriers of entry makes blockchain practically insignificant as we hand network to technocrats and the wealthy. The same is applicable for the various protocols that use the governance token model, which is implemented by most of the top Ethereum protocols. If you invested early, or simply have enough money, you can swing a proposal further in your favor. Popular DEX aggregator 1Inch has 41% of their tokens held by one Ethereum wallet owned by the Binance exchange.

    Numerous reformation movements in the United States have made changes to our country to combat corruption that have become practically insignificant. For example, during the progressive era in the 1920's Americans were given the right to vote for senators. Most rational people would not advocate for us no long voting for senators, however we have lost a significant amount of influence over public policy through these senators being captured by their donors, and also evident do their very low approval rating. Hence it was practically insignificant because although we can regard democracy as an improvement, practically our freedom and autonomy remains unchanged.

    When talking about financial institutions, banks or central banks, it is apparent the improvements a protocol like Compound and AAVE due to its decentralization, however in the long run, practically the protocol will be in defacto control by the wealthy, early investors in the project, as they have significantly higher voting power.

    Ive often heard arguments about "those people invested longer, they should reap the rewards" or "they know more about the protocol, they should have a higher say", however this will inevitably lead back into a financial system run by technicians. Practically, a protocol defacto run by early developers, or wealthy investors is not too dissimilar to a traditional financial institution, like a bank. You cannot have your cake and eat it to. Unfortunately, I am unsure of any improvements that can be made to this model. If anyone has any ideas, please let me know. One way I can see to at the very least temporarily remedy this issue is by making the issuance of the governance tokens pretty high, to put downward pressures on the market price. This way later investors can buy in at similar prices than early investors. This of course does not solve the issue of someone having enough capital to buy more of the token however.

    Something similar is happening with Ethereum, with increased barriers of entry to open a staking node, as well as nodes with higher Ether stake being preferred, as well as upward pressure on prices through supply shock with transition to POS consensus, Ether being burned, locked in Defi protocols, and being staked. Although an appreciating Ethereum may be great for our pockets, we need to question what this will do to the long term decentralization of the network. 32 Ether being required for a staking node is high even now, at over $100,000. This will only worsen as the market price of this asset increases, which will likely happen very dramatically. The spread currently of staking nodes is sufficient now, however I fear how people will stake their Ether, ie on an exchange like coinbase which can take up a very significant share of the validator nodes on Ethereum. Staking on exchanges will only be more popular as the barriers of entry for validating becomes higher.

    I have heard of decentralized staking pools. I am not too familiar with how they work. Could be a potential solution. Please feel free to prove me wrong and tell me if they work. I am unsure how governance on Ethereum will change if decentralized staking becomes popular.

    submitted by /u/Swole_Bodry
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    [Discussion] In your honest opinion, which EVM sidechains and non-EVM chains will sustain in the next 10 years?

    Posted: 13 Oct 2021 10:05 PM PDT

    Tell me your opinion!

    submitted by /u/BananaOfNazareth
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    Worried About Moving My ETH.

    Posted: 13 Oct 2021 05:26 AM PDT

    I've been following some threads on taxation etc and I'm confused and concerned.

    I keep hearing that if I move my ETH to a cold wallet, the IRS will see it as income. How exactly will they see it as income? It doesn't make sense unless I convert it to USD and transfer the money to my bank right?

    When I first started, I bought ETH on PayPal because I was a noob and it was relatively cheap at the time. Then I learned more and saw this wasn't a game but a serious way to gain wealth and I sold my ETH on PayPal. (That's a taxable event…I get that) and bought on coinbase.

    Then I learned more, transferred to Coinbase Pro and started buying there to save on fees. Haven't sold a thing.

    If I transfer to a cold wallet, I still haven't realized any gains and could potentially lose everything if ETH plummets to zero. I don't see a taxable event here. In fact, it will likely cost me money to make the transfer. Where is the taxable event?

    As I said somewhere else, that would be like taxing anyone who moved a gold coin from one pocket to the other.

    Right?

    submitted by /u/elgarresta
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    Can you guess it? Hint: It has dark mode

    Posted: 13 Oct 2021 04:35 AM PDT

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