Still feels to me like POS will be less decentralized than ideal, but I'm no expert.

What's weird is how low the staking rewards are for ETH in the new model. Seems weird in a growth coin to care about hustling for 5%. I know some people have apparently made more.

The nominal yield is increasing from 4% to 5-6% which doesn’t seem like a big deal, but this is in nominal terms. We are currently at ~4% inflation with 4% staking rewards which is 0% real yields. Post merge when inflation adjusts to ~0%, the real yield will be 5-6%, a huge increase in real terms.

Sers this is a boomer coin thread.

Because that's what makes Bitcoin real and anchored in reality. It also ensures that someone who owns or produces value can take part in the system, without current participants deciding to let them in. I also don't get why you would trust Vitalik, he's incredibly biased.

BTC maxis and ETH maxis will both be right depending on what part of the cycle is. In bear markets BTC will greatly outperform and ETH will do better in bull markets. Going to be same echoes of how Buffett is past his time when Nasdaq is roaring or how he's the GOAT during bear markets.

I certainly prefer ETH at this moment and moving forward for the next few years, but agree that the network will be losing some of it's decentralization in order to remove the electricity requirements to secure the network. There are pros and cons for both POS and POW.

this man listens to Bankless

Long time lurker wondering why there have been no posts in this thread in almost a week...

Bitcoin is dead. Long live the banks.

number go flat

Actually for the first couple of days the number was crashing hard. Just seemed odd for a thread that usually has 20-30 posts per day on average. Not a big deal. I disagree about BTC being dead, it will/can never be dead, but the powers that be will do all they can to suppress its upward price action.

20-30 posts per day is generous. Maybe 2-3.

There isn't anything going on with BTC, all eyes on ETH.

Sell before it's too late.

No posts in the big ETH thread for more than a week.

Just seems like strange action here.

That only happens when JB and PZ are arguing in circles.

Yeah, fair. Also, 2p2 is dead af

this is kind of the point and the genius behind the halvings and difficulty adjustments which lead to cyclical boom-bust cycles. there's not much to do besides stack and save. until it reaches sufficient monetary premium and mind-share as a digital store of value it will be relegated to the fringe discussion as a speculative plaything for CNBC to chatter about when price is doing a 5x or -80%.

20k in 2017 was peak euphoria and 20k in 2022 is peak boredom just like 10k in 2020 became boredom before the bull market kicked off. buying now is like buying 6k in 2018. could it capitulate another -50% to 10k? maybe, but it doesn't make 20k a bad point to DCA.

but it doesn't make 20k a bad point to lumpsum*.

The thing is though that each halving should have less impact. As it's already shown.

The difference between 10% inflation halving to 5% inflation is a lot more then .5% halving to .25%.

The ultimate end game is to get the coin to be deflationary, which in bitcoin will never happen. So if it does happen in ETH after the merge, I just don't see how BTC can compete considering people love it as a store of value.

In the next 2-3 weeks ETH will be doing more then what bitcoin will do in 50 years.

Mark my words, the flippening will happen.

Where are the smart BFI conversations taking place these days?

No clue tbh. Probably Telegram or Discord.

My NFT community is diverse and intelligent but no one strikes me as BFI experts like a lot of the old posters here. I'm pretty much the only one making macro calls there

Twitter

BUY

For all the fear and loathing in the market all I can say is that with pricing at these levels I have never managed to stack as much BTC as what I currently have.

Loaded up another limit buy at 17.6k once again to try and catch another wick... if we break below that, I will place another limit order at 13.8k

Bags are packed. Hiking cycles are temporary and cyclical. These are the times to accumulate.

I'd like to see spy go back to the 410 level where it hung out for an hour after Powell before all the buyers stepped back and let it puke. VIX retracement at least halfway down that daily candle seems reasonable too.

I don't know what that does for btc/eth. I doubt they outperform ES recovery. Both should bleed against stocks until a new narrative forms. BTC has failed every narrative its ever had at this point. It's not a store of value, no companies want it on the balance sheet, it's not used for payments.

ETH is still too good at ***** over the plebes, and without them ETH has no on-chain activity. That will be short-lived, but for now the ETH BTC ratio is due for some retracement too.

I also don't see how anyone can do anything but day trade until next pmi. Maybe swing trade short until then but that seems greedy.

Also day trading should be massively -ev for any trend following strategy. There's too much tilt out there right now and so many big accounts just looking for ways to get liq'd by big crab moves. I'm watching some accounts I follow on GMX and even the biggest winners are finding the stupidest ways to blow themselves up. Lots of tilt.

This one is truly special. He even waited until after market had a chance to digest Powell before trying to play the mean reversion, then added on until position was worth 20 mil on an account he never really did more than 1.5 mil on all month.

https://www.gmx.house/arbitrum/accou...86da9bab226709