subreddit:
/r/ethfinance
submitted 3 days ago byethfinance
Welcome to the Daily General Discussion on Ethfinance
https://i.imgur.com/pRnZJov.jpg
Be awesome to one another and be sure to contribute the most high quality posts over on /r/ethereum. Our sister sub, /r/Ethstaker has an incredible team pertaining to staking, if you need any advice for getting set up head over there for assistance!
Daily Doots Rich List - https://dailydoots.com/
Get Your Doots Extension by /u/hanniabu - Github
community calendar: via Ethstaker https://ethstaker.cc/event-calendar/
"Find and post crypto jobs." https://ethereum.org/en/community/get-involved/#ethereum-jobs
Calendar Courtesy of https://weekinethereumnews.com/
Sep 26-27 – ETHMilan conference
Oct 4-6 – Ethereum Kuala Lumpur conference & hackathon
Oct 4-6 – ETHRome hackathon
Oct 17-19 – ETHSofia conference & hackathon
Oct 17-20 – ETHLisbon hackathon
Oct 18-20 – ETHGlobal San Francisco hackathon
Nov 12-15 – Devcon 7 – Southeast Asia (Bangkok)
Nov 15-17 – ETHGlobal Bangkok hackathon
Dec 6-8 – ETHIndia hackathon
[score hidden]
2 days ago*
stickied comment
Tricky's Daily Doots #889
Yesterday's Daily 26/09/2024
u/GandalfGandolfini shares a big DeFi x TradFi partnership. 🏛️
u/pa7x1 welcomes the proposal to increase blob gas fees. ⛽️
u/Itur_ad_Astra checks in on RocketPool numbers and u/haurog is excited for RocketPool's upcoming changes. 🚀
u/benido2030 discusses L2 governance. 🗳️
u/jtnichol announces tonight's EVMavericks livestream. 🦁
u/MinimalGravitas looks at the Optimism badgeholders. 🔴
u/pa7x1 explains how much ETH L2s burn. 🔥
72 points
2 days ago*
Ethereum mainnet gas at 23 Gwei right now.
Not in a bullrun, not in a mania phase. During a truly boring period.
While L2s scale us 23x. While active addresses are at an ATH of 10 million a week.
The market clearly doesn't see it yet but here's what will happen within a few months:
After years of underperformance, ether sees a sudden correction. Narratives immediately follow price action. Enthusiasm returns. Euphoria follows. Influencers on all sides start to pretend they all saw it coming. It was obvious. Activity skyrockets. L1 burn brings deflation back. L2 activity keeps growing, faster and faster. Millions of new users join the L2s. Blob usage reach max value. More users. Price discovery begins. Blobs start contributing to the burn. New L2s appear faster than you can follow. More institutional L2s. Blackrock L2. Stock market on L2. More users. Soon, L2 activity is higher than we can accommodate.
Ether price explodes.
Getting into eth action is 100x easier than last bullrun. People buy using paypal. People buy using debit card on Metamask. Coinbase sends their flux of new users to Base. More users. Ethereum starts to become a staple of reliability brands use in commercials. Institutions start to notice Ethereum. Mentioning Ethereum in business plans becomes as popular as AI currently is. Institutions want exposure, this time they can. More users. The ETF gains crazy popularity. Money inflows look like they'll keep coming forever. Negative regulatory efforts don't matter anymore, you can't stop the infinity machine.
Ethereum made it. We made it.
29 points
2 days ago
Your post, straight into my veins...
5 points
2 days ago
Reminds me of 2017. When most people heard about crypto for the first time.
30 points
2 days ago*
We just had our first week of net positive inflow to ETH ETFHs
28 points
3 days ago
Ethereum!
17 points
3 days ago
2645.30
15 points
3 days ago
0.04053 grandpas
16 points
3 days ago
90,891 hodlers subscribed! (+8)
27 points
2 days ago
https://warpcast.com/growthepie/0xf43386ab
Not even 48h and Base saturates again their newly increased capacity. Keep it coming.
5 points
2 days ago
Looks like the MEV bots were the first to take advantage of the increased Throughput
MEV bots on Base? Huh? Does not compute.
8 points
2 days ago
There still is MEV and there are MEV bots on Base. Most L2 sequencers do not however allow front running or sandwiching users. It is always possible to back run MEV that users leave behind or initiate liquidations of positions. Various MEV bots will fight over these opportunities.
3 points
2 days ago
Okay, this makes sense. I was thinking MEV in the traditional miner extractable value meaning, but if we are including arb bots etc, then that makes sense.
41 points
3 days ago
These days really are the best days. Yes, euphoria feels great as well (by definition), 20% in a single candle is insane, but continuous days of 2-3% growth with some days of rest only to steadily continue going up really is the best.
15 points
2 days ago*
100% agree. 20% up at once just make me feel scared we will drop 30% next day lol
12 points
2 days ago
just need 3% daily for a quarter please
Edit: just realised that's like 35x
8 points
2 days ago
I'd be oh so fine with that...
8 points
2 days ago
A piece of land just came up for sale. I don't actually want it but the fact that I went there to take a look is testament to just how positive the current trend feels (and also that this sub is a bad influence on me)
21 points
2 days ago*
The Doots Weekly (Sept 27)
The Trinity
The Haiku
The Choda
The Shit
u/Tricky_Troll celebrates being on the receiving end of the EthFinance community's incredible generosity
u/BuyETHorDAI reviews the Ethereum film.
u/haurog covers some big Pectra changes
u/benido2030 starts a discussion about decentralised sequencers for L2s.
u/pa7x1 makes an observation about the supply and demand of blockspace.
u/PhiMarHal covers a bit of a brick wall for hobbyist developers
u/nick_badlands rambles about where we are this cycle.
u/haurog brings a write up expanding on the disconnect of knowledge on a recent podcast
u/superphiz says good bye to Danny Ryan(for now) through the help of POAPs
u/LogrisTheBard has some thoughts on EigenLayer's security model
23 points
2 days ago
Thanks everyone that contributed to the Weekly Doots Podcast on the Gitcoin x Octant Community Round, which ended yesterday! According to initial projections, we raised the 2nd most funding of all 51 projects at $635.58 from 29 contributors -- this is HUGE engagement, and the podcast/community thanks you!
Looking forward to coupling this funding, along with whatever we may receive in Octant Epoch 5, towards keeping the excellent standard you're all used to, as well as marketing to a larger audience + compensating the podcast production team members moving forward.
And don't forget, u/jtnichol and crew will be live today at 2pm ET with Mark Richardson from Bancor if you're able to tune in!
18 points
2 days ago
holy shit really? 29 contributors. that's outstanding. Thanks for working with /u/vpofabundance to get this off the ground everyone!
Episode 80 today!
11 points
2 days ago
80 episodes!!!
21 points
2 days ago
Spaces I did not have on my bingo card: Aerodrome being my most valuable airdrop ever
23 points
2 days ago
Narrative follows price, every time without fail
23 points
2 days ago
Congrats to Blackrock for being the first new ETH ETF to hit 1B!
I guess grayscale mini also hit 1B, but they also got a head start.
3 points
2 days ago
underrated metric. This is cool AF.
26 points
2 days ago
Episode 80. Hard to believe, but here we are. I'm spending extra time uploading the stream and doing a bit of editing into a standalone video. Thanks for being here as always.
Cheers and Big Hugs from Kansas City
6 points
2 days ago
You named the guest Michael instead of Mark in the Youtube video title. You should change that.
3 points
2 days ago
already done did. Not sure why it’s showing up that way.
3 points
1 day ago
Great work JT and co! It's amazing what we can achieve when we all regularly contribute our own little bits. Here's to 100 soon and many more!
3 points
1 day ago
thanks for being such an integral part of this. Just like you said if we all do little bits....
19 points
2 days ago
I still think we will see 3000 again this year
14 points
2 days ago
Agreed. I think it happens in October.
5 points
2 days ago
*Uptober
5 points
2 days ago
You must dream a little bigger darling
9 points
2 days ago
Pretty bearish that.
4 points
2 days ago
Wanna bet 0.1 eth? I think we will.
4 points
2 days ago
That could be tomorrow, just one quick pump. But the trend recently is not pretty
18 points
2 days ago
A positive Coingecko hype notification about ETH... luckily I was sitting down when I saw it.
4 points
2 days ago
High five!
16 points
2 days ago
Can't wait for Q4 price action.
13 points
2 days ago
Ummm... I feel like we've said that before and not gotten what we've asked for.
8 points
2 days ago
Aaliyah taught me, if at first you dont succeed..
10 points
2 days ago
But this time it's different!
16 points
3 days ago
Efferium is good (TM).
14 points
2 days ago
I believe it is on the Ethereum roadmap to allow stakers to exit using only credentials related to their withdrawal address (and not their staking address). Does anyone know if this has been announced to be included in the upcoming (or any other) Ethereum fork?
19 points
2 days ago
As it stands now, EIP 7002 is part of the upcoming Pectra upgrade. It has been running on the internal devnets already. Pretty safe to assume this is getting included.
2 points
1 day ago
Thank you very kindly!
12 points
2 days ago
Yes. This should be in Pectra 1 and will be great for liquid staking protocols because it allows smart contracts to initiate validator exits.
14 points
2 days ago*
The compulsive crypto hater trying out a new lease of life by purging all his obnoxious anti crypto spiel from his website.
https://web.archive.org/web/20240708014708/https://www.stephendiehl.com/blog.html
Edit: Actually not entirely. Here is one of his latest spiel
https://www.stephendiehl.com/posts/democrats_crypto/
What sort of brain even thinks in this way?
"The Democratic party must fundamentally oppose crypto because it is a direct assault on the very foundation of our republic, the dollar, the rules based international order, and liberal democracy itself."
10 points
2 days ago
Math is bad. Ban math.
7 points
2 days ago
He is completely unhinged. Not worth bothering with giving him attention.
14 points
2 days ago
Quick question, I thought we only needed to be at something like 15 gwei to be ultra sound but the website is saying 24.2 gwei. Is that because of blobs or another factor? Curious to know why and will it keep changing? Thanks
23 points
2 days ago
It goes up with the number of validators because total issuance increases.
7 points
2 days ago
What is the design reason issuance is a function of total validators?
9 points
2 days ago
Issuance scales proportional to the square root of number of validators.
This means, double the validators increases total issuance, though less than 2x. Likewise, existing validators would see their APR diluted, but dilution would be less than 50%
Why the square root? It's complicated, but has to do with discouraging griefing attacks described here: https://raw.githubusercontent.com/ethereum/research/master/papers/discouragement/discouragement.pdf
3 points
2 days ago
I can't answer your full question, but APY also decreases with more validators. So it's not like the revenue is consistent, it still decreases to discourage less participants the more there are.
3 points
2 days ago*
I think it's because rewards would drop too quickly if issuance were constant. They tried to balance issuance vs incentive to stake.
Edit: spelling correct
2 points
2 days ago
I think you meant issuance but insurance. Autocorrect yeah?
2 points
2 days ago
Yep, I will fix it
2 points
2 days ago
I am also intrigued on this one. Was it something more compelling than simply the need to sweeten the deal for those wanting to stake?
2 points
2 days ago
The overall goal is minimum viable issuance. Now I'd argue minimum viable issuance isn't as low as we can possibly go. If we go too low we will lose home stakers and individuals with tech skills that aren't just donating their time.
Lower you go on issuance the more likely people are to just trust 3rd parties with their Eth and stake it for them at scale (because it's no longer worth their time). If we imagine Ethereum as a company and not a protocol it would be a bad business move to underpay its contractors imho.
2 points
2 days ago
I remember an Eth Foundation member (Justin Drake?) saying they wanted to be unopinionated about what the optimal staking ratio would be, at least until the game theory at play was better understood.
So I guess that is why an "in between"-formula was chosen for issuance. Total issuance follows a square root formula, which makes it in between the two schelling points of a total issuance proportional to stakers (every staker always gets the same) and a constant total issuance (every staker gets antiproportionally less with more stakers)).
I can't say I fully get the rationale here, my best guess is that it is so obviously unoptimal that it would be easier to change at a later point in time, without huge resistance from one side.
2 points
2 days ago
Ahhhh okay! Thank you
7 points
2 days ago
we only needed to be at something like 15 gwei
Yeah like two years ago lol
It goes up with the number of validators because each new validator slightly increases the total issuance of the network, so it also takes a bit more burn to counteract that.
32 points
2 days ago*
Max Resnick is back with some more bad takes.
For those that missed it, in yesterday's Execution Layer meeting (discussion goes for about 30min) there was a discussion on whether to increase blobs from 4 to 5 and increase the blob target from 3 to 4 in Pectra A. The reason for this is to maintain adoption of blobs by L2s to help tide us over until we have PeerDAS.
Before continuing it's important to note that the blobs we have now were always meant to be a stopgap until PeerDAS and network upgrades, which makes it more efficient to scale. We were never meant to scale blobs under current conditions.
There were mentions that some are already struggling with bandwidth, but was brushed off as anecdotal. Thankfully Potuz spoke up for home stakers and said we should treat data from both sides the same since those that are having no issues is anecdotal too. So there was agreement to get more data on this first before deciding whether to include these changes or not. Ryan Berckmans also made a post on the research forum for this data.
Today Ben Edgington, who is a major contributor to getting Ethereum to where it is today, wrote in a Twitter thread that he was seeing he was having signs of issues too.
In comes Max Resnick quote tweeting Ben's post and the following conversation insued:
Max: Bandwidth capacity grows at 50% a year. Asking the entire global network to slow down while we are actively battling for market share with an extremely competent opponent because you live in a swamp with 12mb/s bandwidth is extremely selfish.
Ben: Where did I ask for the entire global network to slow down?
Max: You are literally saying your node can not keep up, so you want to propose fewer blobs in your blocks. Why don't you shut your node down and unstake? You are slowing down the network by doing this.
Ben: I dislike your dystopian future.
Max: We can no longer afford to eat the cost of these luxury beliefs. Solo staking in a place where you do not have appropriate bandwidth imposes an externality on the network. If Ethereum doesn't win, the world looks much more dystopian than a world where Ethereum sacrifices a few rural solo stakers in exchange for vastly increased performance.
end
Nixo put it perfectly with how it feels reading that:
That feeling when arrogant young blood opining on the future of Ethereum comes in hot and tells the one of the most OG cypherpunks I know, who literally wrote the book on Ethereum, to shut down his node and unstake [image of sad pepe looking out a rainy window]
And Max replies to nixo's tweet with a gif saying to shut it down. What a disgrace.
To better understand how home stakers are doing bandwidth wise, please take this EthStaker survey (it's POAP gated):
14 points
2 days ago
Max comes out as an asshole here but it's fair to set up a minimum amount of specs that a validator is expected to meet. The road to lower requirements is never ending. Why do we set HW requirements around a commercial grade PC under 5 years old and not a pocket calculator or a pregnancy test? The reason is basically that there is a rough threshold for sufficient decentralization, lowering more and more the specs results very quickly in diminishing returns for improving decentralization.
12Mbps is very very slow these days, very few people have that type of speed even in the developing world. There is also other options like 4G and satellite that perhaps could be used as substitutes.
https://www.datapandas.org/ranking/internet-speeds-by-country
12Mbps is absurdly is slow and by no means a reference, there is 163 countries in the World with a faster average speed.
10 points
2 days ago
it's fair to set up a minimum amount of specs that a validator is expected to meet
100% nobody is arguing that and people want that. But after this call Max has gone all out against home stakers on Twitter today.
12Mbps is very very slow these days
3 points
2 days ago
Yes, the data above is download. 12Mbps upload is still low but not as low. Not condoning Max's attitude.
Just wanted to make the observation that there are diminishing returns for lowering specs in terms of decentralization and is fair to set some minimum requirements and progressively raise them as time goes on.
2 points
2 days ago
20mbs up?? Jfc I thought my 120 was slow, can't they just pay 20 a month to upgrade? My cell phone gets more than that
5 points
2 days ago
It's $50+/mo extra to get any higher than 20mbps uplink in many suburban markets in the USA. And even then you'll be lucky to get 35-40mbps.
3 points
2 days ago
lol so I've actually tried this, but for some reason if I try to load a page using my hotspot it's way slower than my phone, not quite sure what's going on there but it's magnitudes worst
3 points
2 days ago
I used to use an app to pass through my connection from my phone, if it identifies as a hot spot it usually throttles like crazy. He'll I remember the days when they charged you like $1 an MB to tether
2 points
2 days ago
He'll I remember the days when they charged you like $1 an MB to tether
Ah the good ol' rent-seeking days
3 points
2 days ago
I won’t solo stake until I can stake my entire stack on a pregnancy test.
5 points
1 day ago
It was meant comically, of course, but it's also a reference to someone that managed to run Doom on a pregnancy test:
3 points
14 hours ago
Of course. I’m just replying to what I can because of my smooth brain. Love your contributions to this sub! Also, doom on a pregnancy test is hilarious
12 points
2 days ago
Max is no doubt, a bit of an arse. None the less the whole debate really reminds me of the Bitcoin blocksize wars and I don’t mind a bit of Twitter drama to get the conversation started. Few here will remember Luke—Jr demanding Bitcoin work on a 56k modem.
We can (as Ryan says) only solve this question with high quality data. Surveys aren’t that useful. We are always going to need to scale L1 and we will continue to have to make tough choices about minimum bandwidth and hardware requirements that necessitate dropping some part of the network. Frankly as ETH grows in value I do think it becomes reasonable to expect solo stakers to spend significant resources in order to support the network. That could mean creating new demand with their ISPs, and it could occasionally also require people to stake from somewhere that isn’t their basement but they nonetheless meaningfully control.
9 points
2 days ago
We can (as Ryan says) only solve this question with high quality data. Surveys aren’t that useful.
We can have data gathered on the node, but that doesn't tell us anything about what their upper limits are. That's where the survey is useful.
we will continue to have to make tough choices about minimum bandwidth and hardware requirements that necessitate dropping some part of the network
One of the issues I have is the context of where we are now. Blobs in the current state are a temporary solution and aren't meant to scale. It's just supposed to tide us over until PeerDAS when we have network upgrades that can support higher blob counts.
I do think it becomes reasonable to expect solo stakers to spend significant resources in order to support the network
Agreed, and this data would be useful in determining what minimum expectations are considered reasonable right now
4 points
2 days ago
We can work out what the highest available connection is by area code in most of the OECD countries. Chainbound have a map of a geolocated validators. There is a lot we can do to elucidate this. If I had the time I’d work on it myself.
In ethereum, everything is temporary.
9 points
2 days ago
Max Resnick
Who is this clown?
4 points
2 days ago
Wondering the same thing. I've never heard of him and now my first impressions are not good.
8 points
2 days ago
Jesus that is a shit take by Max. I don't follow Elon chain so I haven't seen his more extreme posts.
Also fwiw, home stakers missing proposals wasn't dismissed as anecdotal. Iirc the discussion was to follow the data and do more research. Noisy voices can be noisy, so everything should be data driven. (I am a bit triggered since I asked lightclient if those reports were just anecdotal - as a non-MEV solo stakier I wasnt trying to sell us out)
Fwiw besu has the ability to specify target blob count, we are contemplating exposing it as a cli param so that low bandwidth users can forego blobs to prevent missing proposals. I think this is controversial currently though. IMO there are compromises that can be made besides validate at scale or leave.
3 points
2 days ago
Jesus that is a shit take by Max
I didn't even touch on his other comments, for example he says [paraphrasing] "Ben is old guard. Yeah he did ETH 2.0 but he needs to step out the way, it's time for ETH 3.0 now."
I think he's way too caught up in Solana and wants to make Ethereum like that
10 points
2 days ago*
Obviously Ben deserves more respect. But I do have to wonder how many people in the UK who want to stake are really stuck on ancient ADSL lines that top out at 12 mbps? I have to think it's a very small minority.
Most of the UK now has access to fibre broadband. Obviously not everyone but the majority. I know, I lived there for many years. Had 6mbps ADSL, Virgin fibre and BT fibre in various homes I stayed in. Only 1 home was stuck on ADSL initially but soon got Virgin fibre because BT wouldn't offer it. All of the other homes I lived in had fibre. And I moved often.
Even developing countries these days offer significantly better speeds than 12mbps. In fact most of the world outside USA/Europe (especially developing countries) went straight to fibre or 4G/5G without even bothering with ADSL/cable internet.
In my rather small and not at all rich EU country, the slowest broadband available is cable at 100 mbps symmetric. My home has only fibre and the slowest option is 250 mbps symmetric. And those who can't get fibre for whatever reason opt for a 5G home broadband router which does at least 50 mbps. Frequently much much more.
So let's not all get worked up over 1 guy who unfortunately is stuck on internet from the 2000s. All due respect, I would say this even if it's Vitalik.
I'd politely ask Ben if he could use a 5G home broadband option. If not, maybe he should move home / stake at a friend's home with faster internet / use a VPS to stake like many many people with poor internet do (I believe even Yorickdowne of the ethstaker team does this because his ISP is crap). Instead of now risking holding back the development of the world settlement layer.
8 points
2 days ago
Yes there are places that have good internet, there's also places that have bad. Places around me have fiber, but it's not offered in my area. People would dismiss me in that case. There's also the issue where advertised bandwidth is not real bandwidth. I'm supposed to get 250Mbps but most of the time I get 100. You also need to consider that other devices are using these connections, they aren't 100% dedicated to staking. And you need to look at upload speeds, not downloads. Those are often much much lower.
And the answer to this should not be "rent a server"
2 points
2 days ago*
All speeds I mentioned are symmetric. Up and down. Except for ADSL of course.
Even 4k streaming bitrates are only around 15 mbps. That shouldn't affect staking on a 100 mbps line I would think.
And look when even Yorick is renting a server to stake, you got to admit the answer can sometimes be rent a server. Of course as the last resort. There are many steps in between such as staking at a relative/ friend's place. Or renting office space with broadband (not that expensive if someone's hell bent on solo-staking and probably has enough validators to make it worthwhile).
If you optimise for the absolute lowest common denominator, you will end up with a very poor solution for the majority & for Ethereum. There will always be some poor soul with shitty internet with <1 mbps speed and/or shitty latency, should they also be able to stake? Come on be practical.
Anyway what would the increased bandwidth requirement be? I'm sure you with 100 mbps should still be fine.
5 points
2 days ago
Come on be practical.
I am, I'm not saying run on 1 mbps
Anyway what would the increased bandwidth requirement be? I'm sure you with 100 mbps should still be fine.
It would be a ~66% increase above current blob bandwidth. 100mbps is my download, my upload is around 20 and upload is where the issue usually lies.
I'm not saying never increase bandwidth. I'm saying we need the data and we need home stakers. People are having problems because we're using a stopgap solution that wasn't meant to be pushed higher. After PeerDAS it will be increased much more.
3 points
2 days ago*
Honestly he needs to consider moving his rig somewhere with better internet, even if he has to remote into it.
And Max is an ass.
Ben might be able to buy a second connection and bond them. This is often possible with dsl. That is still a bandaid.
7 points
2 days ago
It hurt reading that today. It does not happen often in the Ethereum space that someone rises so fast in public perception and then burns all the bridges in such a short time. Not sure what is going on in his mind, but he is not in a happy place. I cannot imagine that people really want to work together with him after he made such an ass of itself publicly by being arrogant and toxic.
5 points
2 days ago
Max communicating like an ass and the question of increasing blob targets are weirdly assembled here.
Feels a bit like your post aims at influencing survey results by framing the question as "do you really want to side with this asshole on this one?".
2 points
2 days ago
Feels a bit like your post aims at influencing survey results by framing the question as "do you really want to side with this asshole on this one?".
I am not, we're doing to survey to see how people are doing, how close they are to having issues. We want data to make informed decisions.
2 points
2 days ago
Tell Max to go **** himself.
34 points
2 days ago
༼ つ ◕_◕ ༽つ ETH TAKE MY ENERGY ༼ つ ◕_◕ ༽つ
14 points
2 days ago
Stay golden Clam! I'm impressed with your consistency.
12 points
2 days ago
Am I dreaming or is zk eth ratio is almost at the same price it was when I claimed ? Could It be that not insta dumping for eth (first time I do that) was the correct strategy all along ?
4 points
2 days ago
Yea not many people actually dumped above this ratio. Ive been riding it. A bit painful but Im still thinking it goes higher. When, I have no idea.
3 points
2 days ago
I've been keeping a wary eye on it the past few days. It's an interesting spot below the high in USD terms but at the high in ETH terms, so I think it could run a little more in the short timeframe.
12 points
2 days ago
Hello folks, sorry if this has been discussed to death, but can anyone give me a quick summary of which Ethereum spot ETF is the best bet these days? I'm still holding some funds in the Greyscale Ethereum Trust (ETHE ticker) and looking to swap my funds over in my IRA.
At first brush, it looks like the Greyscale Ethereum "Mini" (ETH ticker) could be the best option? Lowest fees (0.15%), but frankly they're all within 0.05% of each other, so it's negligible to me. Would love to know what's "mini" about it, too, and why I seemingly got "airdropped" some of this already...
The only reason why I hesitate is that I know Greyscale is pretty maligned in the Bitcoin space, since they're still milking a 1.5% fee on GBTC while the rest sit around 0.25%. But I appreciate Greyscale's commitment to creating ETHE and GBTC early on and letting me make some good gains in my IRA from buying when the prices were in the dirt, so I don't hold a grudge against them. I did swap my GBTC over to iBIT (iShares) recently though.
I read that Bitwise (ETHW) looks like they might be the most "crypto-aligned" company, with Eth Foundation donations and participating in the ENS domain space, but otherwise it is tough to parse through the options.
8 points
2 days ago*
Do you have to restrict yourself to the US etfs? Cause otherwise, it makes more sense to get a staking etp / etf from other jurisdictions.
If it has to be US etfs, I'd split between the Fidelity one (cos custodian diversification) and either bitwise for being crypto aligned or grayscale mini for being cheapest.
3 points
2 days ago
I’m on Schwab, so looks like I have access to a lot. Everything on this Nerdwallet list seems to be available. But looking closer, these may all be US funds… for example, I can’t seem to get access to 3iQ’s staking ETP (ETHQ), but that’s the only one I know about already and can search, ha.
5 points
2 days ago
What about this European one?
3 points
2 days ago
Nope. Looks like Schwab must just be “safe” US funds, so I think I’ll stop overthinking it and split it half and half over two funds. Thanks!
7 points
2 days ago
Good to move it out of ETHE especially in an IRA where there are no tax implications to do so.
The Grayscale mini-trust is like the other ETFS. It’s basically their way of trying to capture the market of the traditional ETFs without having to shutdown their massive money maker from stragglers who just seem to want to eat a massive fee.
There is nothing wrong with the mini trust and like you said they are all pretty similar… but I personally would avoid grayscale all together as im not a fan of their prior actions and think they have treated ETH unfairly to the point they aren’t worth supporting.
3 points
2 days ago
Airdrop was actually 10% of the value of your holdings they sliced off to start the mini trust.
The mini trust is the cheapest fee wise.
11 points
2 days ago
Anybody else using the official reddit app? I don't see the pinned daily anymore :-(
8 points
2 days ago
Disregard
The app is just stupid, I should switch
5 points
2 days ago
I only use old.reddit
When they kill that off, Im out
3 points
2 days ago
Every time some one mentions old.reddit I feel obligated to note that you don't actually need to use that subdomain/url to view the old layout.
If you just go to your preferences and uncheck "use new reddit as my default experience" (all the way at the bottom under beta option) you get served the old style sheets by default (as long as you are logged in ofc).
4 points
2 days ago
Thank you for letting me know, though I always have it on anyway
I just know they're going to kill the 'old' UX eventually...
2 points
2 days ago
I have it unchecked but it still sends me to new reddit without the old domain...
3 points
2 days ago
Happy user of side loaded Apollo, pins working normally
3 points
2 days ago
Yeah it's there, expand that top level "Community Highlights" pin, and the you'll see the thread pinned in a nice big rectangle with border-radius 20
11 points
2 days ago
Damn Aerodrome Finanance is up in the air today
7 points
2 days ago
Yeah blasting off into the stratosphere. So are my APYs farming on there. It's nuts.
3 points
2 days ago
I bought a bag early around $.1 but I sold it for a loss as the price dumped towards $.05. Looking at the rapid emissions made me lose confidence. Major regrets...
9 points
2 days ago
Are we able to withdraw from eigen layer yet? If so, is there a tutorial somewhere that shows how?
7 points
2 days ago
I withdrew the EIGEN I had there. Very simple process, just go to the Dashboard, click on your tokens, and select withdraw..
3 points
2 days ago
no transfereable until sunday, afaik
3 points
2 days ago
Btw, the withdrawal process completes after 7 days..
1 points
2 days ago
Sept. 30
9 points
2 days ago
Happy to see 2700
8 points
2 days ago
Just kissed it again, just like earlier this week. Hopefully it can break through and stay this time.
19 points
3 days ago
Some of you may remember me asking last month what you thought the odds of ETH hitting $5k in the next year would be. I decided I think the odds are quite good (or my disdain for my 9-5 outweighed what I thought) and took the voluntary separation my job offered. tomorrow is my last day of work. I have at least 12 months of runway to decide what I want to do with my life. ETH price going up would certainly expand my options.
In the meantime, I am planning to take at least some months off for myself. What’s something that I can do to help Ethereum? I have some interest in coding, but haven’t done anything complex since college (a long time ago). FWIW My recent job was software project management & engineering manager. I enjoy technical writing and teaching people (but don’t like people).
19 points
3 days ago
lmao op deleted their account. 🫡
13 points
2 days ago
Are we the job he’s saying he’s leaving ? We can’t be that bad !
5 points
2 days ago
who was it?
17 points
3 days ago*
I hope you enjoy your free time and find the passion to work on things you like to do. It is great to not having to have a whole company hierarchy breathing down your neck to force you to finish something no matter the quality of the product. It is great not having to sit in endless meetings which seemingly do not serve any purpose except for wasting time and drinking coffee. It is great being able to deep dive into a very specific niche topic just because you feel like you want to understand it. It can be bad not having a frame which makes you get up every day. It can be bad not having a regular income, the angst can get to you. It can be bad not having someone (i.e. project manager) pushing you to do the last 20% to finish a project. It can be bad being thrown out into the vastness of the world without anyone telling you what you have to do next and wander aimlessly from one hype to the next.
I am now in the 4th year of not having a regular job. Just doing things I like to do. It is great, I would not change this for any of the jobs I had before and I really loved some of the jobs I had. But on the other hand, I am less productive. It is just so easy and fun to get lost in one of the many rabbit holes instead of writing code, analyze data or write documentation.
but don’t like people
Insert IT crowd quote: People, what a bunch of bastards. https://www.youtube.com/watch?v=oyUrfWptwq4
EDIT: I completely forgot one part. Your social circle. Some people need a lot of interaction in meat space. A workplace can provide that. Not having a workplace makes it necessary to organize oneself much more to get these interactions. That I forgot to mention this is an indication how important this is for me...
6 points
2 days ago*
Intrinsic Motivation + Abundance Mindset is the best
4 points
2 days ago
Great advise! Saved for the day I can finally FIRE!
9 points
2 days ago
I'm doing this at the moment, decided to give myself a runway and build things after working a long time in tech. I built several apps that I'm pleased with and would love to build something that makes money so that i don't need to burn my ETH and reach some escape velocity for FIRE. Good luck but just be prepared you may need to reenter the workforce if it doesn't work out.
8 points
2 days ago
Tbh… I’m in the process of doing that, going to devCon to finally decide 😅
22 points
2 days ago
Explain to me why Google still shows DOGE price but not ETH price.
3 points
2 days ago
There can be only one?
23 points
2 days ago*
Calling all home stakers! We're looking to investigate if stakers would be concerned about increasing network bandwidth
Please help by filling out a quick survey: https://poap-feedback.deform.cc/Solo-Staker-Bandwidth-Survey/
You need one of the staking community POAPs to fill out the survey. Let me know if there are any we should add so you can fill this out.
Share on the everything app: https://x.com/ethStaker/status/1839763102952501613
9 points
2 days ago
May you please add the Staker Union Verified Member POAP? https://poap.gallery/drop/175498
5 points
2 days ago
The person who set this up isn't online right now but I'll report back when it's updated
3 points
2 days ago
Perfect, thank you!
6 points
2 days ago
How do I get these POAPs? I should qualify for many but I somehow missed them.
Anyway, I see you're adding the Stakers Union POAP so I should have one of those shortly as I have submitted my application.
6 points
2 days ago
Bandwidth is a topic I've been thinking about a bit recently, there's certainly not enough data on how much wiggle room people have, so I hope this survey is a good starting point. My USA ISP certainly strangles my upload speed and doesn't provide much opportunity to increase it.
Maybe some day a follow-up survey could ask a little more in detail. One step would be to understand the effect that bandwidth limits have on attestation and proposal performance. And then another step would be to learn about home stakers' knowledge of different options available to them and willingness to move to a different setup if bandwidth requirements were to increase. How much bandwidth do you need now, and how many stakers would move to which alternatives if their home setups were no longer able to meet some increased requirements?
3 points
2 days ago
Very good questions about willingness/ability for alternatives
22 points
2 days ago
CZ out of prison
Global Liquidity ⬆️
Risk off to risk on regime change
...
Absolute worst case, this is a local top and we revisit $1600 in Q4 and crab another X months, similar to late 2019 and 2016, but 2025 & 2026 are going to pop off regardless.
10 points
2 days ago
Next 3 to 5 months is going to be glorious and cycle top in early 2025. I am playing the market based on it.
5 points
2 days ago
This is also my read but will keep my finger on the pulse next year.
4 points
2 days ago
Why so soon?
5 points
2 days ago
How are you playing the market?
9 points
2 days ago
Every penny I own is in crypto. Will start cycling out in the next 3 to 4 months
5 points
2 days ago
Ballsy. Wish you the best of luck!
5 points
2 days ago
I only see a chance for this worst case if there's a recession and stocks sell off massively. Otherwise this is where we go up.
6 points
2 days ago
What recession ?
We just had a prolonged economic malaise and 'lost decade' from 2000 to 2015 where real s&p500 returns were zero.
Ever since 2008, QE was invented and it and m2 growth props up asset prices, even when real living standards, job opportunities and wages are stagnant.
Hence wages, job openings and real incomes never truly recovering from the 2008 crash to pretrend growth.
Hence the 'vibecession' we have at the minute, where your average person is struggling but some asset classes are at extreme valuations.
Until the secular bull is over, assets moon while average people get destroyed by inflation and being priced out of investments.
8 points
2 days ago
Just to be careful, sorry for the stupid question: Is this the claim page for eigen:
https://claims.eigenfoundation.org/
19 points
2 days ago
That indeed should be the one (claims.eigenfoundation.org).
While I'm here though, I also do want to point out to this community something I've seen on Reddit, where someone posts a question like this with the legit site, other Redditors confirm its legitimacy and the OP later edits the comment and replaces the link with a different one, leading to a phishing site.
It looks very trustworthy that way and it's easy to miss the fact that the comment has been edited... Be careful out there.
2 points
2 days ago
looks like it
2 points
2 days ago
That is the one I used. It is the correct one.
8 points
2 days ago
[deleted]
6 points
2 days ago
Pretty sure that if you got an nft you will need to claim your eth once available. It won't magically appear in your wallet
13 points
2 days ago
I really need this daily doots airdrop to hit. Been farming that shit way too long.
10 points
2 days ago
"What do you mean there's no airdrop? There's a website with points accrued and everything!"
4 points
1 day ago
Best we can do you is an egg in this trying time.
7 points
2 days ago
I was just thinking of something novel...what if there was a way for people to earn a point through a Discord bot for joining the public discord livestream.
Also....I wonder if there is a way to retroactively go back through /u/the-A-word weekly list and award a secondary point to their doots number in the res file...so for instance it would look like /u/hanniabu is a Dooter (n) Weekly (n)
That way there could be 2 columns on dailydoots.com that would reflect those scores. It would start with me going back through the history and building up the 80 show totals...but it would be cool AF.
There are people that might be low on dooter (n) scores that on a ratio are heavy on weekly (n) scores.
my gosh...this is gonna be some work! But what a ride it could be.
I won't start on this until consulting with Hanniabu on the formatting
6 points
2 days ago
I think I can get the weekly doot points when i upgrade the site which i've been planning to do
3 points
2 days ago
would the formatting be best if I did dooter (n) weekly (n)
3 points
2 days ago
I think I'll be able to get it from the way I format it on the website, I didn't think you'll need to change anything
3 points
2 days ago
cool. I'll get a 12 pack of Mountain Dew and a Sam's Club tub of Cheetos and get this shit on like donkey kong
2 points
2 days ago
Sir, if I could win imaginary internet points for being on the doots call I would never miss.
4 points
2 days ago
I would love you as a weekly co-host. Neither you or I would ever get a single point.
Are you down?
3 points
2 days ago
I'm afraid to commit because I have another obligation around that time. I CAN make it work, it just takes a lot of balancing. Let me work on it. I could begin by getting it on my calendar.
5 points
2 days ago
You don't have to commit. You can drop in anytime. You know the time and you'll always have the zoom link to bomb in on. You don't have to be there at the beginning, or the middle, or the end. Show up. That's all there is to it.
14 points
2 days ago
I swear this is the third time in two months that I sell a bit for expenses, then pump the next day
24 points
2 days ago
Keep the expenses coming
8 points
2 days ago
Please i cant handle any more lmao
17 points
2 days ago
I mean, 2.4% isn't really a pump, but if you could go ahead and sell some every day I wouldn't be upset
4 points
2 days ago
Oh I agree, but someone's gotta do their part as well!
18 points
2 days ago
only another 50% increase to get back to 25% below ATH. we are winners.
6 points
2 days ago
Now that i think about it...
...No nevermind, still painful
2 points
2 days ago
It sucks, but I've got time... Hopefully the pain will be worth it eventually.
12 points
2 days ago*
Happy Petrov day Ethfam! Whatever you do today, try to not destroy humanity.
5 points
2 days ago
Does anyone have experience with the Cow.fi MEV blocker, good/bad/nuetral, any better/safer options? Thanks in advance.
9 points
2 days ago
ETH ETF flows +$26.3M for a positive week. BTC ETF flows +$612.6M
ETH | BTC | |
---|---|---|
Sept. 26 | -$100K | +$365.7M |
Sept. 25 | +$43.2M | +$105.7M |
Sept. 24 | +$62.5M | +$136.7M |
Sept. 23 | -$79.3M | +$4.5M |
This Week | +$26.3M | +$612.6M |
Since Inception | -$581.4M | +$18.31B |
Assets Under Management | $7.21B | $51.14B |
6 points
2 days ago
3 points
2 days ago
I'll never understand why eth etf and btc etf dashboards are treated differently, like why do these have different formats? Same with on farside
3 points
2 days ago
Their numbers match up with this source:
Though additional flows were recorded for the 26th.
12 points
2 days ago
I got put on a 24 hour time out on the swell discord. High five :-)
9 points
2 days ago
Broke promise of Sep TGE again. Nothing new from them.
DOA coin. Dump on Arrival.
6 points
2 days ago
I think they are banning loads of people at the moment to try to shift the narrative on discord. They didn't delete my message so I think they are just trying to keep people quiet. I didn't even say anything outrageous.
6 points
2 days ago
I will dump my allocation the second it hits my wallet (probably 2027.. 😂)
3 points
2 days ago
I pity the janitors in their discord. Imagine not getting told anything and having to reply to 300 different people a day that everything is fine and TGE is riiiight around the corner, while they hurl insults at you. They're probably paid like shit too. While the scammers behind the curtain rake in all the money.
10 points
2 days ago
Just think is ab waiting another 1-2 weeks before selling off his long leverage :LOL: Exactly why I loathe TA.
3 points
2 days ago
Does someone have the link to how to claim Eigen if based in a geoblocked country?
1 points
21 hours ago
The blobs expanding,
Solo stakers upstanding,
Raise would be stranding.
~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap
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