Pretty gross that this thread is mostly just degenerate gamblers peacocking during a manic episode.

kazuya, whats the estimate of how many ETH will be staked per month per 100 ETH?

High risk investors on a gambling site , who'd of thought!?

F me Coinbase is bad. It seems they are turning away free money with their crappy systems

Attempting to use coinbase last couple days makes me feel like my $100 nano ledger purchase was an absolute bargain. I'm more of a holder but if I wanted to get on there to sell I'd be pulling my hair out

random example... but i've been using coinbase since day 1 it came out. i'm verified. i've bought over months with recurring orders (2015). never once had an issue (that i noticed). recently, i've sold in batches every week. i deposit, takes a few confs to show up. i instantly sell it and withdraw to my bank in 1 click. 15k weekly limit. never had an issue (that i noticed.) The fee is very high and adds up. phone app works fine too. but, i haven't used them in the past 4 days. i hear the bad stories but i am not one of them. just sharing my experience.

Asked my brother this too who's also been in cryptos as long as me. He guessed 15/100, I guessed 20/100. No one actually knows with any degree of certainty. FWIW when staking first comes out, to reduce my risk I'm probably going to either sit on the sidelines and watch for the first few months while foregoing profits to see how it exactly works and in turn which staking groups emerge as the best. And from there I'll add a % of my Eth stash into it, and scale up once I feel more comfortable/understand exactly how it's working.

I think there will be several type of contracts (a 3 month staking contract, 6mo and 1 year IIRC) with different interest rates.

Coinbase was suppose to give me an ACH withdrawal on June 8th. Still haven't gotten it, no word from them either. Up until this they have always paid promptly.

how is 15-20% monthly ROI sustainable?

and why sit it out? highest ROI has to be right away... just start staking imo. solo staking is the same return, no? - just higher variance? check out CLAMs for a POS coin that has been running for a few years.

You won't get 15-20% monthly ROI through staking. I thought you were asking what % of total Ether would be staked once PoS comes around. For what % you get back, it's still up in the air. If I had to guess right now probably 3-7% yearly? Would depend on how many people are staking, how long the contracts are, how much Ether is around vs how much has been burned, what developers want as a reward once the date comes closer etc.. It's not set in stone yet.

Highest ROI would be right away yes, but I want to make sure there aren't any flaws/bugs where if you were trying to be a rational actor (which I would be) you don't accidentally get f-ed without intentionally being a bad actor. Btw, the code will be heavily rooted in game theory so it should all make sense, but I just want to see what it's like first before jumping in the deep end. FWIW it's highly unlikely that would happen but I always tread on the side of caution for cryptos (especially since it's so easy to mess up so many different things right now)

I do eventually plan to go all-in (stake my whole stash), but I don't want to be the first person to do it for the reason described above. Solo staking you'd get a higher return than joining a staking pool for sure. The business case for joining a staking pool would be automation/less of a headache to set-up with no way to mess up that process and thus forfeit your Ether. Fees will probably be extremely competitive so the 1-2%? of your return that'd they pocket in exchange would be fair. If it's truly easy to set-up I'd just go about it solo.

Can you explain staking? Im trying to learn as much as I can, but I get tripped up on the terminology a lot. I feel like the people who are new to this need a glossary of terms and whatnot.


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to everyone talking about coinbase for buying/selling -- you should be using gdax, i'm pretty sure using coinbase is strictly dominated.

For those not aware, they are the same company but coinbase has higher fee. I'm pretty sure buying on coinbase just sends a market order to gdax, but someone can correct me if i'm wrong.

+1.

Also wtf is PoS relative to Ether.

Bitcoin is falling quick. ETH dropping too. Any obvious reason?

This is a pretty good video/best explanation I've seen for it:

https://www.youtube.com/watch?v=G-ijnQubg3w


Watch the first 11 minutes to have a good overview. He explains it as well as anyone (he also has other good videos on Eth btw). When he keeps saying Casper, just think of Casper as the algorithm they're building to enact PoS. Full PoS will happen with the Serenity update. Also, it's not going to be 1000 Eth to be a staker. It'll likely be a significantly lower # (possibly as low as 32), and even if you were to own an amount under the cutoff you could likely still join mining pools like this one being built for Casper (Rocketpool)


Just trading noise. It's the same fundamentals as yesterday. Off-topic but to not double post:

This news came out a few hours ago, very cool:

https://www.nytimes.com/reuters/2017...rcle.html?_r=1

You'll keep hearing and reading more and more about stuff like this soon. And it will keep coming out at a more frequent rate the farther along the Ethereum platform develops and matures.

Profit takers I'd say, and honestly I wouldn't be surprised if it went all the way back to $100-150 in the next couple weeks. Short term pain I believe however, and I'm hoping it drops that low again so I can buy even more.

Yup, I just bought some. Eth crash 3...2...1.

FML

If mutability isn't binary, that would be news to me. All chains are mutable via consensus. Some have communities that have changed. (ETH robbed accounts for example whereas ETC doesn't.)

You are basically making a ton of **** up with "my thesis" as well. Since I was simply asking a question to dave about mutability and why he made the comment he did (which is wrong even if we concede some sort of weird sliding scale on mutability). Seems standard for your understanding of the subject tho.

And Taleb is basically the calling card of pseudo-intellectuals. Dude is just crazy town with an inability to take criticism of even overtly wrong/stupid things he says. Dunno if you think this is a good thing or not. I don't really read your posts.

The current price drop seems healthy. When the price shot up to 185, it dropped to 130 losing about 33% of its value before recovering.

We're at about the same point now going from a shade over 400 down to 300. I don't expect the price to go lower than 275.


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The delusion still seems to be strong with this one

Ethereum is going to fail miserably in the medium term (even some of the developers probably realize that, which is why they keep postponing the change to PoS and slowing the difficulty bomb).

I really can´t wrap my head around the fact that this obvious scamcoin got its own thread in BFI.

Sell your ETH trash while you still can.
(I argued the same things a few days ago and if you didn´t act on my recommendation you are already down 20 % or more on your (soon-to-be) worthless ETH).

300! Again!

Why is btc also down 20%+?

Because the major reason for the rise of the BTC price in the last 2-3 months was the fact that BTC is the major gateway in order to buy all these altcoins/scamcoins. Most of them aren´t even trading against USD/EUR/CNY.

And this rally intensified when mainstream media started covering the new all-time highs that BTC attained during the rise, which caused the average joe to start buying it.

As it usually happens, the bag holders will be the people, who got duped into stuff like ETH by the mainstream coverage and are driven by greed.

I think no matter what your stance on eth, the daily threads on ethtrader are fantastic comedy. People were extremely excited about "cheap eth" at $370 and now its 1/2 thisisfine.jpg and 1/2 total panic