I noticed ETH went down more right now.
I was debating whether buying more ETH or TESLA stocks ? Which one would you do? Or both ? submitted by /u/Pepsoreal [link] [comments]
I was debating whether buying more ETH or TESLA stocks ? Which one would you do? Or both ? submitted by /u/Pepsoreal [link] [comments]
An individual miner defied the odds and managed to collect 168 ETH from a solo mining pool this week worth 42 times the average block reward.
The tech giant has hired a PayPal veteran to help with the expansion of Google Pay as it sets its sights on the future, including plans to explore crypto.
submitted by /u/kryptonomics [link] [comments]
Payments giant Mastercard has partnered with cryptocurrency exchange Coinbase to make non-fungible tokens (NFTs) more accessible to everyone. Mastercards can be used to make purchases on Coinbase’s upcoming NFT marketplace. Mastercard Partners With Coinbase Payments giant Mastercard and cryptocurrency exchange Coinbase independently announced their partnership Tuesday. Mastercard stated that the company is “Making it easier […]
submitted by /u/DumbPixelNFT [link] [comments]
Welcome to the Daily Discussion. Please read the disclaimer and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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A debate arose about the possibility of Ethereum becoming hard money and ended up highlighting more downsides to the digital asset than anything else. The founder of a Bitcoin investments managing platform, Charles Edwards, shared a chart that showed the circulating supply activity of Ethereum and Bitcoin and argued that “Ethereum has entered the hard money game. For the past 3 months, Ethereum’s inflation rate has been lower than Bitcoin.” “Hard money is not only about low inflation of supply, it is also about immutability of inflation – oil is not suddely hard money even when OPEC decides that supply rates are throttled.” -Twitter user @alpha_authority Related Reading | Solo Ethereum Miner Hits The Jackpot With 170 ETH For Mining A Block Hard Cash Or Hard Fees? In the short history of the cryptocurrency boom, many have debated the possibility for cryptocurrencies to surpass fiat currencies at some point. It is a feasible future scenario for Bitcoin, but other digital coins can only dream of it. As Investopedia explains, “Hard money maintains a stable market value relative to real goods and services and a strong exchange rate relative to foreign currencies,” and its uses involve “lower transaction costs and risks” In the case of cryptocurrencies, hard money would mean that a certain coin could not be subject to arbitrary modification. Opposite to Bitcoin, Ethereum’s rules can be –and have been– changed. Its supply schedule has been modified more than once, which indicates it can keep changing. The burnings of ETH make it temporarily deflationary, seeking a higher market cap. But as the protocol and issuance schedule of Ethereum are malleable, the chart above does not prove that the digital coin can even get close to being hard money. Furthermore, there are the inescapable high gas fees, expected to lower significantly by 2023 with layer 2, but most likely not low enough for consumer spending, commerce, and mainstream adoption. The rates can incentivize holding ETH, but not transacting, and other centralized blockchains like Cardano are already proving to be more economical. Even though Ethereum shows a lower inflation rate than Bitcoin, the supply also sets the digital coin below Bitcoin’s standards. Bitcoin has a finite supply of 21 million BTC. 80% of all coins have already been mined, but it would take the new supply of coins over 100 years to be exhausted. This is said to create digital scarcity. On Ethereum’s end, the circulating supply is unknown, it doesn’t have an overall cap. Some users also believe that “a deflationary base asset is not good for Ethereum apps” and that it will actually become a problem for its growth in the future. Related Reading | TA: Ethereum Topside Bias Vulnerable If It Continues To Struggle Below $3.2K Ethereum In The DeFi Space Recently, Analysts at JPMorgan, who have favored Ethereum over Bitcoin before, claimed that ETH is losing its dominance in the Decentralized Finance (DeFi) space due to emerging strong competitors like Terra, Avalanche, and Solana. Its share of total value locked in DeFi lowered from almost 100% in 2021 to 70% by the end of it and could continue to drop. The analysts from the Wall Street banking giant think the necessary scaling of the network “might arrive too late,” Bloomberg reported. “In other words, Ethereum is currently in an intense race to maintain its dominance in the application space with the outcome of that race far from given, in our opinion,” The experts think that this loss of dominance could bring a downtrend for ETH’s price. Ethereum Price Ethereum trades at $3120 at the time of writing, down 1.75% in the last 24 hours.
Hey guys, looking for a bit of guidance. I'd like to "start with the user needs and work backwards to the tech". This is the experience I'm trying to deliver: You get a wallet with $50 in it You can send and receive money without worrying about transaction fees, at all One approach is…
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submitted by /u/SwagtimusPrime [link] [comments]