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tomnl
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28614002 - 01/08/24 11:08 AM (20 days, 7 hours ago) |
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46k $ confirmed
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28615343 - 01/09/24 02:27 PM (19 days, 3 hours ago) |
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28615347 - 01/09/24 02:31 PM (19 days, 3 hours ago) |
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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gopher
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28615357 - 01/09/24 02:42 PM (19 days, 3 hours ago) |
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I don't have any money this month to spend on crypto, in fact I spent so much relying on the fact I should be getting gst and climate initiative cheques that I may have to sell $50 - $150 or so to pay my credit card
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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blackhawk
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28615420 - 01/09/24 03:41 PM (19 days, 2 hours ago) |
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ManianFH
living in perverty



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28615433 - 01/09/24 03:57 PM (19 days, 2 hours ago) |
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Quote:
geokills said:


Haha wtf???
-------------------- notapillow said: "you are going about this endeavor all wrong. clear your mind of useless fear and concern. buy the ticket, take the ride, and all that.... " ChrisWho said: "It's all about the journey, not the destination."
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CHeifM4sterDiezL
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ManianFH]
#28615578 - 01/09/24 05:57 PM (19 days, 27 minutes ago) |
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I love how people were like this looks really bad for bitcoin but nobody's questioning elon about how the SEC Twitterx was account was compromised.
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gopher
Coffee Bean Extraordinaire



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: CHeifM4sterDiezL]
#28616154 - 01/10/24 09:35 AM (18 days, 8 hours ago) |
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My wealth simple account broke $2000 yesterday, mainly thanks to crypto it's been teetering on the edge a while, but today it's back down to $1990
-------------------- For most of the normies out there, an operating system is just a bootloader for Google Chrome. Since Disney has obtained tremendous value from the public domain, knows how important the public domain is, and is firmly determined to never contribute anything to it. My pronouns are He and Him, and my adjectives are Fat and Jazzy
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ChemicalSpark

Registered: 10/08/15
Posts: 2,057
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: gopher]
#28616210 - 01/10/24 10:28 AM (18 days, 7 hours ago) |
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Opinions on ENS? It’s up ~25% over the past 24hrs.

Edit:
I guess it’s on a run thanks to a tweet from Vitalik:

Link to the tweet: https://twitter.com/VitalikButerin/status/1742540651797823948?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1742540651797823948%7Ctwgr%5E96b2071223c3ed39dbe289d646342924a84a7d8d%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcryptopotato.com%2Fvitalik-buterins-public-praise-sends-ens-token-price-skyrocketing-80%2F
Article covering it: https://cryptopotato.com/vitalik-buterins-public-praise-sends-ens-token-price-skyrocketing-80/
And a Reddit post that does a decent job explaining ENS: https://www.reddit.com/r/CryptoCurrency/s/X6Y3scMGfF
ENS (Ethereum Name Service) a simple explanation
What is ~~ENS~~ DNS?
To understand what ENS is, one must first comprehend DNS, with a **D**.
DNS stands for "Domain Name System" and is a system that everyone uses every day when using internet services. If DNS were to stop now, we would have a big problem. DNS is a registry that translates IP addresses and associated (sub)services related to a domain name into an address that is easy for humans to read and remember.
So, DNS bridges the gap between a simple, memorable name and its corresponding complex IP address. DNS can do much more, but let's keep it simple with this example.
The IP-4 address `142.251.36.46` means nothing to you, and it's hard to remember; the chances of making typos are also high. If you enter this IP address in your web browser, you'll see that you end up at google.com. With `151.101.65.140`, you'll be directed to reddit.com, all because of DNS.
DNS translates an IP address into a name that is easy for people to remember.
There are approximately 4.3x10^(9) (4.3 billion) available IPv4 addresses, all of which are nearly allocated. Therefore, IPv6 was introduced, creating 3.4x10^(38) addresses, an astronomical number. An example of an IPv6 address is `2001:0db8:85a3:0000:0000:8a2e:0370:7334`
**Wallet Addresses**
If you think IP addresses are hard to remember, try recalling a wallet address. Take this ETH address as an example: `0xcd2E72aEBe2A203b84f46DEEC948E6465dB51c75`
Theoretically, there are more wallet addresses than atoms in the entire universe. An unpronounceable number of 2^(160), and we haven't even mentioned addresses in other blockchains, which can be even longer and more complex:
BTC: 1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa (The address of the first BTC wallet!) ADA: addr1q8dcsx0p4mjhvapm6e3hf36j98shpwjt6hq32q9x5skc6wyyl9c8ht0apu9lnn0fg7fgt9nqljxvsehfs2tjdsnqnnhypl5ljs XLM: GAHK7EEG2WWHVKDNT4CEQFZGKF2LGDSW2IVM4S5DP42RBW3K6BTODB4A KAS: kaspa:qzacs3vl34sswlmalkwkrc53c0kexrtnjxx3a6mkvs60r0qt7lauglmn08307 BCH: bitcoincash:qqeht8vnwag20yv8dvtcrd4ujx09fwxwsqqqw93w88
**What is ENS?**
Now that we know what DNS does, it's a small step to ENS, which stands for "Ethereum Name Service." ENS does nothing different from what DNS did in the previous example with IP addresses.
It links a readable and easily remembered name to a complex address, in this case, one or more wallet addresses.
ENS has a similar purpose to DNS but has a significantly different architecture due to the capabilities (and limitations) that the Ethereum blockchain offers. But like DNS, ENS works with a system of dot-separated hierarchical names: `name.extension` (like google.com, reddit.com etc), where the domain owner has complete control to manage and modify it.
<img>
You can register an ENS domain, like alice.eth. To this domain, you can then link your wallet address(es). Take this wallet address again: `0xcd2E72aEBe2A203b84f46DEEC948E6465dB51c75`
I could ask you to send crypto to alice.eth, which is much simpler.
And instead of telling you to visit my IPFS website via: `https://ipfs.io/ipfs/QmPChd2hVbrJ6bfo3WBcTW4iZnpHm8TEzWkLHmLpXhF68A`
I can also refer you to: `https://ipfs.ip/ipfs/alice.eth`
**Domain Names**
If you want to use ENS, you can register an available domain. This will be a domain name ending with the .eth or .ens extension and perhaps other will be added in the future (or exist already).
Whether this name is available needs to be checked since these names must be unique. So, if you want a .eth domain, you'll need to be quick or creative. Perhaps marketplaces for these domains will arise in the future like we already have for internet domain names?
<img>
A simple guide on creating a .eth domain with ENS can be found here, but keep reading first!
[https://medium.com/the-ethereum-name-service/step-by-step-guide-to-registering-a-eth-name-on-the-new-ens-registrar-c07d3ab9d6a6](https://medium.com/the-ethereum-name-service/step-by-step-guide-to-registering-a-eth-name-on-the-new-ens-registrar-c07d3ab9d6a6)
It's also possible to set up an *existing* domain you may already have for use with ENS. Even reddit.com could be used for ENS. This process is a bit more challenging and has some drawbacks. More info about it can be found here:
[https://medium.com/@brantly.eth/step-by-step-guide-to-importing-a-dns-domain-name-to-ens-d2d15feb03e8](https://medium.com/@brantly.eth/step-by-step-guide-to-importing-a-dns-domain-name-to-ens-d2d15feb03e8)
**Use Cases**
For businesses, the use of ENS is ideal if they don't necessarily want to remain anonymous or don't place a high value on privacy. If companies (would) accept crypto payments, you could scan a QR code using your phone for example.
But how cool would it be to pay for your coffee via `eth.starbucks.com`? With ENS, this would be a valid wallet address.
Donations could be received at `donatecrypto.wikipedia.org`, or you could buy your new car using the following address `btc-pay.tesla.com`
**Should I Want ENS?**
ENS is a cool feature, but it has a downside. And a few major ones as well that are more technical.
Using ENS for your addresses makes you less anonymous, and many people use (or want to use) crypto for that fact that it is anonymous!
ENS addresses are not anonymous; they contain data that can link an address to a person or company, and governments and companies can request this data. So think twice before you use it.
<img>
**Conslusion**
ENS is a convenient tool to simplify crypto transactions and wallet addresses. Similar to DNS for the internet, ENS links readable names to complex addresses, enhancing the user experience. Reduced anonymity is the compromise you have to make when using this service.
Edited by ChemicalSpark (01/10/24 10:58 AM)
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ChemicalSpark] 1
#28616230 - 01/10/24 10:37 AM (18 days, 7 hours ago) |
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I like the Ethereum Name Service (I bought one for my most active address), although I'm not totally sold on how necessary the governance token is. Nevertheless, I do like that the circulating supply is low (~30 million tokens), volume is respectable and the chart looks pretty good. But I wouldn't really want to buy on a +25% day, that's a big move to be chasing.
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ChemicalSpark

Registered: 10/08/15
Posts: 2,057
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28616256 - 01/10/24 11:03 AM (18 days, 7 hours ago) |
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Should’ve scooped some up last week when I first heard of it 
Edit: Dumb move probably but I took the gamble on it.
Edited by ChemicalSpark (01/10/24 11:08 AM)
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: ChemicalSpark]
#28616288 - 01/10/24 11:38 AM (18 days, 6 hours ago) |
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Seems like there has been a bit of rotation into the Ethereum ecosystem since yesterday's bogus BTC ETF announcement snafu. I noted the relative strength in ETH then, and there has been follow through on the ecosystem coins as you've noted with ENS, and I noticed AAVE has been having a banner day as well.
This is particularly interesting because Ethereum has been lagging as the spotlight has been fixed on BTC for its impending US-based ETF's, as well as SOL for it's rapid ramp since November. It may be that once the BTC ETF's come out, ETH is going to play more meaningful catchup, as folks lose a bit of interest in BTC and look for alternatives to outperform (at least until we get a bit closer to the halving).
Just conjecture, but it is on my mind. I still hold ETH and ETH2X-FLI, although I don't hold any Ethereum ecosystem coins presently. BTC, SOL and ETH remain my largest core positions, with a respectable albeit smaller position in KOIN.
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 2
#28616371 - 01/10/24 12:45 PM (18 days, 5 hours ago) |
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CBOE set to list all bitcoin ETF's as of tomorrow. 
Someone inscribed a hilarious caption on a bitcoin transaction, a nod to Satoshi's original inscription in the genesis block of bitcoin, but twisted to riff on SEC chairman Gary Gensler. 
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tomnl
Beginner



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28616390 - 01/10/24 12:59 PM (18 days, 5 hours ago) |
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Epic inscription
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
#28616440 - 01/10/24 02:00 PM (18 days, 4 hours ago) |
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Log in to view attachment
Attached is the SEC Bitcoin ETF approval notice.
VanEck’s got the marketing down. A nod to the nomenclature (ticker HODL ) and donating to core developers. 🫡
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills] 1
#28616454 - 01/10/24 02:15 PM (18 days, 4 hours ago) |
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Quote:
geokills said: Seems like there has been a bit of rotation into the Ethereum ecosystem since yesterday's bogus BTC ETF announcement snafu. I noted the relative strength in ETH then […] It may be that once the BTC ETF's come out, ETH is going to play more meaningful catchup, as folks lose a bit of interest in BTC and look for alternatives to outperform.
ETH continuing to outperform. $2500 🙌🏼
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28616487 - 01/10/24 02:45 PM (18 days, 3 hours ago) |
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Statement on the Approval of Spot Bitcoin Exchange-Traded Products
One last parting blow:
Quote:
While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin
FFS.. what a wanker!
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tomnl
Beginner



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: geokills]
#28616924 - 01/10/24 09:05 PM (17 days, 21 hours ago) |
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Quote:
geokills said:
Quote:
geokills said: Seems like there has been a bit of rotation into the Ethereum ecosystem since yesterday's bogus BTC ETF announcement snafu. I noted the relative strength in ETH then […] It may be that once the BTC ETF's come out, ETH is going to play more meaningful catchup, as folks lose a bit of interest in BTC and look for alternatives to outperform.
ETH continuing to outperform. $2500 🙌🏼

Gasfees at $300, just spotted in the wild
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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Brian Jones
Club 27



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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: tomnl]
#28619517 - 01/13/24 08:49 AM (15 days, 9 hours ago) |
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I'm (uneducatedly) guessing the BTC drop after huge ETF opening volume was old money taking profits from new money. ETH goes up in anticipation of them getting ETFs. If so, probably the same thing happens.
-------------------- "The Rolling Stones will break up over Brian Jones' dead body" John Lennon I don't want no commies in my car. No Christians either. The worst thing about corruption is that it works so well,
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geokills
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Re: Cryptocurrency: A Discussion on Bitcoin, Ethereum and Related Projects [Re: Brian Jones]
#28619537 - 01/13/24 09:26 AM (15 days, 8 hours ago) |
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It's all supply and demand. There was definitely a good deal of demand for the ETF's, one of the biggest ETF days in history, with over $7.6 billion of volume over two days. But you're right, a lot of folks that bought in anticipation of the event, including those who loaded up on GBTC; the only BTC specific product available on regulated exchanges, as it traded at a deep discount in excess of 40% below the fund's net asset value last year.
Not surprisingly, since the discount has closed and bitcoin is quite a bit higher, GBTC is seeing major outflows, as money either captures profit or rotates into the lower fee ETF's that have become available. Ultimately, if we look back to the way the launch of GLD affected gold price, it's not about the initial move, but about the broader access to liquidity that drives capital into the asset over time. Because bitcoin is a rather scarce asset, it is not difficult to believe that as folks become aware of and gain exposure to these ETF's, there will be a supply squeeze and the price of the underlying asset will move markedly higher.
Keep in mind that at the moment, many major banks (Vanguard, Citi, Merrill, Edward Jones, UBS) are actively restricting/preventing clients from investing in these ETFs, reducing some of the latent demand that currently exists.
Here are the initial money flows for the bitcoin ETF's.
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