For anyone that feels like they are late to the crypto scene, just realize that there are many people like this guy, and all the people that upvoted him, that do not understand the actual utility of the nascent technology that is blockchain. Crypto is much more than "make believe internet money".
To answer your first question, yes. For the second: No, uniswap.org is a way to interact with ethereum using APIs like Infura. Uniswap can always be interacted via command-line interfaces in an ethereum wallet client, and the same website can be hosted on IPFS. However, if Infura goes down then it would stop working, which happened a few months ago. There are some solutions for this that are being developed, such as The Graph which acts as a decentralized network that developers can use to query (read data from) Ethereum and other blockchains.
Actually, this is wrong. In the case of Infura being down, Metamask, etherscan, etc stopped working but, if you were to be connected to Ethereum state through another way, you would be able to interact with the Uniswap smart contracts. If Ethereum is still producing blocks, you can still interact with smart contracts, albeit maybe with more difficulty
Yes, I thought I expressed that by saying that you can interact via command line. It's just that most major ethereum-interacting applications use Infura, so there weren't many that worked during the outage.
Calling them users is a bit much. What exactly are they "using", I.e. how and what value is created or what need is being met? Looks to me like it’s just speculation on speculation and ponzi scheme after ponzi scheme.
Do you also hold some Turkish lira, Venezuelan bolivar or even Japanese yen alongside your USD/EUR? With a currency there is little reason to hold any but the strongest.
Makes sense, thanks - always interested to hear what people see in certain coins. LTC’s one I need to keep an eye on, I believe they’re working toward implementing a mimblewimble sidechain
Bitcoin’s distribution was arguably no fairer than Ethereum’s. Early adopters in both benefitted the most. To the point of Ethereum being created out of thin air - people traded BTC for ETH in its ICO and the market priced in its value accordingly.
I’m saying the hardness of money as you define does not exist. Electricity traded for BTC is the same as BTC traded for ETH. Market dynamics is what matters
I’ve been around since late 2012, price has always been the main interest. It’s a fixed supply, deflationary asset. One day its price may stabilise some and then maybe we can talk about it as a currency. But, until that day, we’ve got to ride the speculation wave
The bitcoin zealots don’t get this. For a currency to work, it must be stable, not absurdly volatile. But bitcoin fans don’t want a currency, they want a get-rich-quick scheme, and without any use as a currency bitcoin has no intrinsic value.
Bitcoin is a deflationary, scarce asset - which is the exact opposite of cash. Bitcoin was arguably never intended to be a currency, else there would be a constant inflation and no supply cap.
The problem is you are measuring the market cap wrong. Because of the high inflation rate you shouldn’t use the current number of grin mined as the total supply. The total supply should be the supply at the point in time when the inflation rate hits about 3-5%. Let’s say 5%. The supply would be 630 million grin. With a current price of $4.73 that puts the market cap at about $3 billion.
Personally, I think inflation is largely irrelevant given a strong use case. If btc-grin atomic swaps become a reality then its demand will likely outstrip the supply.
16k. I’m feeling that. I’ve been believing in 15k especially if BTC hits 80-100k. All the institutional investors will get on the ETH train when he see/understand the value prop.
I think the first mover advantage of Monero is pretty big atm, so even if we get better solutions over time, question is how much of the market they will cover... As for scaling, I guess practically anything can be done in Monero too, as it has those regular 6-month hard forks.
For anyone that feels like they are late to the crypto scene, just realize that there are many people like this guy, and all the people that upvoted him, that do not understand the actual utility of the nascent technology that is blockchain. Crypto is much more than "make believe internet money".
Agreed! This thread is actually making me bullish. People still think crypto is magic money stocks. Ngmi
I got educated on Crypto early this year, let me tell you something.
Respectfully, no.
To answer your first question, yes. For the second: No, uniswap.org is a way to interact with ethereum using APIs like Infura. Uniswap can always be interacted via command-line interfaces in an ethereum wallet client, and the same website can be hosted on IPFS. However, if Infura goes down then it would stop working, which happened a few months ago. There are some solutions for this that are being developed, such as The Graph which acts as a decentralized network that developers can use to query (read data from) Ethereum and other blockchains.
Actually, this is wrong. In the case of Infura being down, Metamask, etherscan, etc stopped working but, if you were to be connected to Ethereum state through another way, you would be able to interact with the Uniswap smart contracts. If Ethereum is still producing blocks, you can still interact with smart contracts, albeit maybe with more difficulty
Yes, I thought I expressed that by saying that you can interact via command line. It's just that most major ethereum-interacting applications use Infura, so there weren't many that worked during the outage.
Ah, I misunderstood, sorry. In which case, yes - it’s just an over-reliance on Infura which causes “outages”
I have been holding for 3 years
This doesn’t top off here, see you at $50k
It's Slovenia. She is from Slovenia. Slavonia is region in Croatia, neighbouring country.
I think that’s part of the joke ...
Calling them users is a bit much. What exactly are they "using", I.e. how and what value is created or what need is being met? Looks to me like it’s just speculation on speculation and ponzi scheme after ponzi scheme.
Buy now so some fool will pay more later. Is that not the same premise for Bitcoin though? You buy Bitcoin in the hope it rises in value.
Do you also hold some Turkish lira, Venezuelan bolivar or even Japanese yen alongside your USD/EUR? With a currency there is little reason to hold any but the strongest.
I have usd, euros and gbp. Mainly from working across America, England and France.
Read about tulips. You'll be a bitcoin expert in no time too.
Tulips was the argument against Bitcoin 7 years ago. Move over boomer
Out of curiosity what makes you think crypto will rise soon?
Crypto has been doing very strongly recently. I was in this space for 2013 and 2017, it feels similar now. If you’re interested, check out DeFi
You might want to explain why I would want to do this. This costs money and bandwidth what do I gain from this setup?
So you can stake and earn passive ETH?
This is a testnet and the eth isn't real.
So you can practise before putting ~$7.3k at risk
invest in majour coins like btc, etc, xmr, ltc, dash and you're fine
And out of those, maybe just btc and xmr
Can someone explain to me what REN is about? I've looked around and there's no simple explanation.
BTC -> ETH trustless
Why does bitcoin need to be on ethereum? Genuine question, what is the use case?
I guess there’s a few reasons.
Disclaimer: I have bought, sold and spent Bitcoin since November 2013. I hold
Out of interest - why BCH and LTC?
BCH because it's usable for purchases. It's fast and cheap. Things like
Makes sense, thanks - always interested to hear what people see in certain coins. LTC’s one I need to keep an eye on, I believe they’re working toward implementing a mimblewimble sidechain
Testnet maybe. Multi-client testnet needs to run for a few months before mainnet
Bitcoin’s distribution was arguably no fairer than Ethereum’s. Early adopters in both benefitted the most. To the point of Ethereum being created out of thin air - people traded BTC for ETH in its ICO and the market priced in its value accordingly.
My point seems to be falling on deaf ears.
I’m saying the hardness of money as you define does not exist. Electricity traded for BTC is the same as BTC traded for ETH. Market dynamics is what matters
The rally in 2018 was a global phenomenon... I don't want to rain on anyones parade, but I doubt that will ever happen again
As someone who was around for 2013, that felt like a global phenomenon too
I guess you’ve missed the developments on Ethereum?
I’ve been around since late 2012, price has always been the main interest. It’s a fixed supply, deflationary asset. One day its price may stabilise some and then maybe we can talk about it as a currency. But, until that day, we’ve got to ride the speculation wave
The bitcoin zealots don’t get this. For a currency to work, it must be stable, not absurdly volatile. But bitcoin fans don’t want a currency, they want a get-rich-quick scheme, and without any use as a currency bitcoin has no intrinsic value.
Bitcoin is a deflationary, scarce asset - which is the exact opposite of cash. Bitcoin was arguably never intended to be a currency, else there would be a constant inflation and no supply cap.
Just stack sats and forget.
God, there’s too many Nano shills on this sub. It’s like Antshares shill level only those guys sold and didn’t get stuck with bags.
Buy the rumour, sell the news. It’s likely that brexit worst-case outcome is already priced in / almost priced into the pound’s value
[удалено]
Randomly arranged is 24!, I don’t think that can be brute-forced.
The problem is you are measuring the market cap wrong. Because of the high inflation rate you shouldn’t use the current number of grin mined as the total supply. The total supply should be the supply at the point in time when the inflation rate hits about 3-5%. Let’s say 5%. The supply would be 630 million grin. With a current price of $4.73 that puts the market cap at about $3 billion.
Personally, I think inflation is largely irrelevant given a strong use case. If btc-grin atomic swaps become a reality then its demand will likely outstrip the supply.
16k. I’m feeling that. I’ve been believing in 15k especially if BTC hits 80-100k. All the institutional investors will get on the ETH train when he see/understand the value prop.
16k, oh man... >$1.6T market cap is totally reasonable, right?
You want to hear an explanation?
I would - I see you’ve been in the crypto scene for a while, so I’m intrigued to hear your thoughts if you don’t mind sharing?
I think the first mover advantage of Monero is pretty big atm, so even if we get better solutions over time, question is how much of the market they will cover... As for scaling, I guess practically anything can be done in Monero too, as it has those regular 6-month hard forks.
Yeah, tbh I think I’ve overlooked first mover advantage. Will be interesting to see over the next couple years