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    Wednesday, January 26, 2022

    Home Unlabelled Ethereum Pray for this guy....

    Ethereum Pray for this guy....

    January 26, 2022

    Ethereum Pray for this guy....

    Pray for this guy....

    Posted: 26 Jan 2022 02:51 AM PST

    With ETH and BTC dropping, would it still be a good idea to stake/lend?

    Posted: 26 Jan 2022 02:07 AM PST

    According to what I've heard, fears about interest rates and unrest in Kazakhstan are causing a lot of havoc in the crypto industry, particularly with ETH and BTC that have seen significant drops just last week. However I believe this is more indicative of the crypto market as a whole at this time.

    So, with ETH being the clear number two for quite some time, would staking or lending be one of the best options if I wanted to maximize my long-term passive income using ETH? I was planning on either Lido, Haru Invest or Rocketpool as I keep seeing them on crypto subs.

    Since I am bullish with ETH, I doubt it will be taken off the spot as Top 2 anytime soon, if that ever happens at all. Overall, when it becomes a bull market again, I believe BTC and ETH will still be at the top.

    submitted by /u/Large_Value_4552
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    Kevin Rose on the Future of Ethereum: "ETH is so important to everything and it has so much momentum that I just don't believe ETH is going away."

    Posted: 25 Jan 2022 07:30 AM PST

    I made a web app that lets you mint your Twitter profile picture as an NFT so you can use the hexagon NFT profile pic without giving up existing pic.

    Posted: 25 Jan 2022 10:56 AM PST

    So I wanted to try out that Twitter blue NFT profile pic, but didn't want to give up my existing pic.

    So I made a web app that turns your existing Twitter profile pic into NFT, so you can use THAT as your profile pic. Check it out https://pfp.factoria.app/

    The collection is legit (it's powered by a super optimized smart contract framework I'm working on, called Factoria) and exists here: https://opensea.io/collection/factoria-pfp

    And I wrote a Twitter thread about this here if you're interested: https://twitter.com/skogard/status/1485889269738745860?s=20

    Hope you like it!

    submitted by /u/skogard
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    Etherscan launches Blockscan Chat: send instant messages to any Ethereum address

    Posted: 25 Jan 2022 12:08 PM PST

    Arbitrum just launched an update, lowering fees even further. Fees will drop even lower after their "Nitro" upgrade in the future

    Posted: 25 Jan 2022 12:29 PM PST

    Inb0x: Send End-to-End Encrypted Message between Ethereum Wallet

    Posted: 25 Jan 2022 04:45 PM PST

    Can I mine Ethereum in miniscule amounts with a laptop

    Posted: 26 Jan 2022 04:18 AM PST

    Idc about profit I just wanna meme with my friends about crypto, even if I "make" cents worth of actual crypto, regardless of electricity or anything.

    submitted by /u/glitchmasterYT
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    Defending Ethereum from the current wave of Web3 hostility: a twitter thread

    Posted: 25 Jan 2022 06:12 PM PST

    OpenSea Is Reimbursing Users Who Saw Their NFTs Snatched and Resold By Hackers

    Posted: 25 Jan 2022 01:21 PM PST

    How does Polygon use Ethereum as L1?

    Posted: 26 Jan 2022 02:02 AM PST

    Diamond Hands Are Forever! Head over to my IG @kattaristudios to see more of my art!

    Posted: 26 Jan 2022 05:33 AM PST

    How much revenue does Metamask make in swap fees?

    Posted: 26 Jan 2022 04:11 AM PST

    According to Metamask FAQ they charge between 0.3% - 0.875% per swap. Does anyone know if that's a fee of the gross transaction volume or a percentage of the gas fee?

    For example if I'm swapping $10,000 in ETH<>USDC, and the gas+fee to swap on Uniswap is $180, does Metamask add $30 for themselves (0.3% * 10,000) or $0.54 (0.3% * $180)

    submitted by /u/yehoshzl
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    Discussion: Does sharding have an effect on ETH demand?

    Posted: 26 Jan 2022 03:39 AM PST

    I'm trying to better understand the underlying drivers of ETH demand. To me there are three main factors:

    1. ETH as a store of value
      The more people/institutions view ETH as a good store of value, the more they will buy/hold ETH, which obviously drives demand
    2. ETH being directly used in DeFi
      The more people/institutions choose to use ETH in DeFi applications, the more ETH will be bought, held or locked in smart contracts. For instance, if someone wants to take out a loan in ETH, then the party providing the loan first needs to buy/hold the corresponding amount of ETH, which increases demand.
    3. ETH being used to pay for gas
      The more people use Ethereum, the more they need to buy ETH to pay for gas. Since the network has a certain gas limit, gas is a scarce resource. The higher the demand for gas, the higher the gas fees become. This means when the network is used more, people need to buy more ETH to pay the gas for their transactions, which increases demand.

    So far so good. Now, what I find a bit difficult to understand is point 3 after the implementation of sharding:

    Let's assume sharding was successfully implemented and Ethereum's computation power increased by ~64x (assuming 64 shard chains are used). This means that the gas limit of the entire network is ~64x higher than before. If the demand for gas (measured in ETH) stayed the same, this would mean that the gas price would decrease to 1/64 of today's value.

    So overall, the amount of ETH paid for gas and hence the demand for ETH is not directly affected by scaling Ethereum via sharding. The demand for ETH would only indirectly be affected, because when the gas price decreases, it makes certain new applications economical that weren't before. These new applications would then add to the existing gas/ETH demand.

    My questions:

    • Does my reasoning make sense? Or do I commit a fallacy somewhere?
    • What about the scaling via rollups, does this have an effect on the ETH demand?

    Any opinions are greatly appreciated!

    TL;DR
    Three main factors drive demand for ETH: Use of ETH as store of value, in DeFi applications and for gas payments. Sharding does not change the ETH demand directly. Do you agree?

    submitted by /u/LazyPhis
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    When do you think ethereum 2.0 merge will happen?

    Posted: 25 Jan 2022 07:21 PM PST

    One of worst decisions I took last year was staking with coinbase. All my eth is locked with them. I could have had the same/more return with just leaving my eth in a lending/borrowing platform or using defi. Now that I can not do anything about that, I was just wondering how long my eth will be locked up. What do you guys think? When do you think the eth2 merge will happen??

    View Poll

    submitted by /u/boba_tunnel
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    Questions about ENS domains

    Posted: 25 Jan 2022 06:23 PM PST

    Hello, I have some questions related to ENS.

    1. Someone owns the ENS address that I want to purchase. On opensea, i can see that the address is not for sale, so I was wondering how can I make a proper offer? There isn't much price history other than 2 offers that expired (one for 0.09eth and 0.05)

    2. Are there still ENS domains that are unclaimed? If yes, how do you purchase them?

    submitted by /u/AymanoYT
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    Attempting to read the analytical data, assess movement/the market

    Posted: 26 Jan 2022 01:40 AM PST

    I'm still rather new to crypto, and I was curious to know what you more advanced traders/investors think about the current market / analytical data / etc... I attempt to read the graphs, but I know that looking at a 1 min / 15 min/hour graph that looks like an uptrend doesn't necessarily mean anything long-term. How far out do you look to try and analyze the analytics that is more likely to confirm an upswing or downswing? I have slowly been collecting ETH (and Matic) for 7-8 months now. It's a real pain living in NYS, as I'm much more limited when buying/attempting to earn interest / or even staking my ETH. Obviously, it's damn near impossible to catch a falling knife, but that is why I wanted to ask you more experienced traders about what specifics you look at before you 'buy the dip' as to not get (as) screwed buying what you thought was the dip. I want to invest a great deal more into ETH, but fire, I could really use some advice on resources/methodologies / etc... on how to properly read the market. Any help/input would be greatly appreciated. I know we're all waiting to hear what the FED comes out and says, what, if any, impact do you think their comments could have on the crypto market? I feel like so many people say go watch some youtube videos, but it's hard to trust those who are making a profit regardless by posting youtube content, making me innately distrustful of them from the start. Any advice for an ETH enthusiast who's trying his hardest but could use some advice would be greatly appreciated. What is your game plan at the current moment? Thanks in advance for ANY help/resources/advice.

    Edit: For instance, I bought some more ETH at 3200, thinking that was the dip, although most of my Eth was purchased at around 2300. I want to DCA, but I want to do it when it would make the most sense, as I'm spread a little thin as it is.

    submitted by /u/ManiacXaq
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    Smart Contracts Explained

    Posted: 25 Jan 2022 08:10 AM PST

    Dastardly Ducks

    Posted: 26 Jan 2022 12:18 AM PST

    The comments on this WaPo article are even crazier than the article. This is a great example how early we all are.

    Posted: 25 Jan 2022 05:51 PM PST

    Separating the Monolith: Beyond the Execution Layer

    Posted: 25 Jan 2022 06:10 AM PST

    List of Projects Building on Starknet

    Posted: 25 Jan 2022 03:55 AM PST

    Ethereum Scraps "ETH 2.0" in Roadmap Rebrand - Crypto Briefing

    Posted: 25 Jan 2022 09:34 AM PST
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