Ethereum Name Service
NFTs were supposed to bring liberty to all the artists, but it ended up becoming a tool for celebrities to create their own line of very basic NFTs, a hub for scamming through JPEG/GIF NFTs & refurbishing the old anything (tweet, poster, music, etc) to a digital NFT.
Jack Dorsey is just bitter that Bitcoin's growth has flatlined, isnt following 100k by Dec S2F charts and even less likely to hit $1m like maxis have believed. This year, Bitcoin is the worst performing coin in the top 20. Meanwhile other cryptos are growing exponentially
Isn't it, though? I find a famous place and make a small payment, so now I have the business wallet address (which should be ENS by then, but whatever). I can stalk transactions there on etherscan and use Pic post times to gather a range of possible "people" addresses. Do this over a period of time and you can probably find a target's wallet address. Police/paparazzi/private investigators are crazy like that. Blockchain adoption is fine for the use case, but the privacy issues would likely lead to private implementations.
Yes, it's up 40%, and I never disputed the fact. You're statement claimed ENS just keeps going up. And this statement you based on a lifespan of two days. A fall from $85, to where it sits now, is not in fact "keeps going up" but rather the opposite.
easiest risk/reward in this space is farming airdrops from protocols that haven't launched a token yet. registering an ENS last year could have netted someone ~10k easily speaking from experience. problem is you have to go all in on crypto and learn a lot to be able to navigate protocols in order to qualify for airdrops.
> >Thanks Personally any day BTC is above its previous cycles ATH isn't a bear market. It'd take us going down into the teens and staying there for months or years to change my mind. Crypto is extremely healthy considering everything else going on right now. If the US falls into a recession USD loses dominance which they can't allow to happen. If there's any trick up their sleeve they'll use it. Right now it seems tighting interest rates *is* slowing inflation despite 25-50 basis points being nothing more than a virtue signal. By the time the CPI (a lagging indicator) shows it's time to quit tighting people will already be destite, and it'll make sense to *stimulate* the economy if inflation is running too low, all over again. The markets will stay irrational for as long as people still have faith in them. My background is I have no dependants and I'm young enough to take risks. Volitility is a blessing because it gives me a chance to average to the price I deserve, not for the price told to me. The consensus of the bear lasting 2 years is based on BTC halvings, when the supply of new issuance is reduced by half every four years which leads to a supply shock ~6m later into a speculative rally. The flow of new coins and the flow of fiat are in an equibilirum always so when one changes it affects the price of both. Ethereum is reducing its issuance by 90% this year, a so-called triple halving, and will cut issuance off by 100% for 6 months after its POS merge. A triple halving will lead to one hell of a supply shock, one that could lead all the way into BTC's next halving shock. Also with POW you have to sell to cover costs but there is no cost with POS so even with a 90% cut much fewer than 10% will reach the market, it's something like 5M ETH less going into circulation each year - $10-20B annual sell pressure taken off indefinitely. AMMs are so much better in bull markets, the APY is just absurd. Learn how everything works and all the buttons in a bear market when things are cheap so you're a pro when the opportunity comes. Really learn what the risks in impermanent loss are, lots of people don't know what that is and it's not always explained. When bear markets hit fundamentals don't matter anymore. Some coin could parner with EAgames to create a crypto-themed game and it'd dump 5% the next day lol, people aren't paying attention. If you are paying attention you learn about so much progress that will *eventually* become part of the zeitgeist a lot sooner than anyone else even cares to learn, a huge opportunity. In bull markets the most unsustainable ideas pump the same as any good news so it's hard to parse the two. Imo layer 2 ETH scaling is going to be the next big thing. Users will be able to trade for nearly no fees. Users can send coin A on Ethereum and someone receive coin B on Optimism (send shib, receive USDC). All gas fees can be abstracted away for a % of your trade instead (send 100 USDC and receive 99.97 USDC without knowing what *gas* is). The L2 can run on specialized hardware giving users the same benefit that SOL provides without sacrificing stability or security. 'Built in multi sig' smart wallets where 1/3 of the party is the L2 operator, and with 2/3 signatures (phone, pc, customer support) you can retrieve lost funds. It's everything crypto *should* be for newcomers, instead of the last time when people tried to buy their first NFT and was asked for $450 in gas at the final step. Some L2's have governance tokens to look out for. Optimism just airdropped ~500 for using their protocol once. Zksync will have validators run off PC's and probably airdrop tokens that way. If you use these things as a user (ie deposit and spend $100 in Arbitirium) chances are you'll be rewarded greatly for it, assuming they haven't done a token yet already. The Uniswap airdrop was $25K, the ENS airdrop was $20-100K+, etc. Airdrops are worth going after and using an L2 you don't have to pay $200 in fees just for trying. Other than that I'm just DCA like usual. I didn't hit my target this run so maybe next time, if not I'll just keep staking and waiting. Right now I only hold ETH and a bit of LRC so I'm not worried about this downtrend, whenever the bull comes back (it inevitably always does) I'll be ready.
You're invested in the wrong projects. Buy & hold Ethereum. People in Ether have had two of the best months ever with ENS domains. Ethereum has the best fundamentals of any project and its future is bright. If you wish to quit crypto that's entirely at your discretion. But crypto will keep developing. There will be more crashes. Prepare accordingly.
Post merge it will be higher than 8%. Depending on participation rates, it could be [higher than 12%.](https://i.imgur.com/DXM0YQO.png) There's so much fud surrounding ETH. It's truly unfortunate because it prevents people from taking advantage of the best opportunity in our lives. Once you're in Ethereum, you find out about all the opportunities others don't see. Take the 4-digit ENS domains. Since late April, I've sold 4 for a total of $7800. I'm holding a 3-digit worth 7 ETH. Why would anyone invest in any other project. All the money is in Ether.
I was rich enough to start planning how to get my loved ones out of financial trouble, not rich enough to really do it, and now I'm not even rich enough to keep myself out of financial trouble lol. What a roller coaster. 2.5x is amazing!! That's like 10 years in a healthy stock market lol. Those 100x coins are always so enticing but you can't know if it'll die tomorrow or become the next #3 so it's sickeningly hard to not sell every 2x, and I think very few people hold all the way through. If you had bought BTC when it was $1000 odds are you lost it in MtGox, and if you didn't you likely sold during any of its several 90% drops that lead into its 3 year bear markets. If you can do 2.5x *twice a decade* you can turn $10,000 into $2.4M in 30 years, that's how crypto is *won* imo. Lol at your last line, I'm using that.. My other regrets are not using apps as much as I've studied them. If I registered a few $15 ENS domains I'd have like $45K in ENS tokens, if I Uniswapped $200 in tokens I'd have $25K in Uni tokens, and so on and so on. Now I'm very closely paying attention to ETH L2's and I'm doing the same. Optimism did theirs 500-15000 tokens for using it like 1-10 times and I didn't use it... and the market will probably decide they're worth $15 a piece my luck. If I was given a rando $20k in crypto airdrips for using crypto I'd probably shit myself. Next time I'm going all in on meme coins and porno or whatever the masses end up running to. I am pretty tired of trying to use logic with my investments and watching literal memes outperform my whole portfolio by 100x. People gonna people is one thing I should bet on but never do. It's probably the only chance at 100x. With L2's someone can send $50 of a memecoin to a business and the business receives $50usdc, maybe then they'll even have a use case. When you've gone through multiple bull runs it's easier to stomach paper losses. When crypto comes back at much higher prices than before you stop thinking about what you "lost" the last time. And people will get mad at you for being "lucky" as if you didn't watch your paper grow and shrink +500% to -90% before finally coming back, like I'm not lucky I'm a psychopath lol. I know crypto hasn't faced a recession before but I also know ETH will reduce its issuance by $33M (90%) per day in a few months and BTC will reduce its issuance by $16M (50%) in two years and that's all it's ever taken before to get things rolling so I'm still betting on things coming back *eventually*. Then just remember to DCA out if you need the money lol, or if you want to stay in crypto use loans for money so you can DCA back into the loan and enjoy your tax free cash until then. I love ATHs and I get so giddy, EVERYONE IS IN PROFIT RIGHT NOW, it's such an exciting time that I get so caught up in it lol. I can't wait for the next ath and I hope you make more than 2.5x by then too! If it helps ETH has to 2.5x just to get back to the ath it set before the supply (sell pressure) is cut off completely, it seems entirely possible...to the moon we go!!
True. It’s the hard part. I’ve been watching a lot of shit coins and they all seem to have blow off tops to wreck short sellers. ENS, GMT, MKR (today), all had insane blow off tops and dumped immediately. We talk 5% swings in 1 min
Super easy. I know the ENS names of the few people I send money too so it's as simple as typing Alice.eth or Bob.eth into Metamask. No need for account numbers or sort codes, and you can send them the transaction code so they can watch it get confirmed on chain.
There's one hot/software wallet to rule them all: Guarda wallet :) [https://guarda.com/](https://guarda.com/?utm_source=reddit&utm_medium=social&utm_campaign=CryptoCurrency-comment-ji) Non-custodial. AES-256 encrypted keys. Multicurrency. Multi-signature wallets (BTC & ETH). Human-Readable Addresses (ENS, FIO, Unstoppable Domains). In-app Exchange/Swap. Buy Section. AML Checks. WalletConnect. Watch-Only wallets. Supports connection of Ledger hardware wallet (*your recovery phrase is NOT asked for nor required).... Best interface of any crypto wallet in existence
Haven't heard of this project but it's a great idea. Stuff like this is really what gives me faith crypto isn't going away anytime soon even though in the present, it's the minority of projects. I also really like the idea behind ENS and BAT. As for the ENS token, I'm not sure my thoughts yet, but that actual application is wonderful.
If you own an ENS domain you can sell subdomains too. So if you own isawesome.eth you can sell Bob.isawesome.eth to someone and Alice.isawesome.eth to someone else. There's Unstoppable Domains too who basically do the same thing but have no registration (instead you own it for life) but they're much less supported. Great things. I love seeing my username on Etherscan.
Ethereum Name Service! It turns your long crypto wallet addresses into one easy name, like enservice.eth. It's not just for Ethereum - one ENS address can store ALL your addresses of different cryptos and redirect payments to the appropriate wallets. This is extremely useful! Because they are NFTs, they are easily traded on secondary markets.
Everyone in this thread should check out ENS - the Ethereum Name Service. It’s a basically like domain names for Ethereum addresses. e.g. 0x38fg….. would map to name.eth And then you could just send crypto to name.eth instead of having to copy/paste a long string of numbers. ENS names are actually NFTs. They are unique, non-fungible addresses that cannot be changed. Just one example of NFTs with utility :)
I think a big problem is that people see a bad news type story and get entrenched mocking while ignoring real innovation elsewhere. Bitcoin was a joke when newly born for years, and here years later its a titan of the global market; the fundamental tech never changed, it simply quietly evolved to keep being a pioneer of its field and eventually won the war. The ENS is probably the best example of a NFT. Can be created personalized to the user, acts as a multi-chain address shortener, social media hub/profile, and dApp/website domain all in one. It already has integration with massive swathes of DeFi including Layer 2 chains and Twitter seems to be a place of definite visible integration into existing platforms and payment channels. While Punks, Kitties, Metaverse Land and Apes have been in the spotlight for setting unrealistic pricing/economic goals and DDOSing the Eth chain with shitty computer science training, the ENS DAO has consistently developed their tech stack and feature set for the users. Go look at the ENS documentation, I guarantee there's something in there you didn't know it could do. While it's understandable to call out unrealistic and dumb uses of tech, ignoring its potential is an easy way to stifle innovation. At the end of the day, the tech is the same, and its potential can be cultivated. Cryptocurrency tech never had valuable because it was worth money. The value was always in its what it was at the core, and still is today, the tech, and how it can level the playing field. Best not to forget.
Yes. I use tornado wherever I need to create a fresh address. Usually people have an anonymous address with their main holdings, and then public addresses meant for social media (like ENS domain with a pfp NFT that you use as a pseudo anonymous account). I also have a very public account that's my first name . eth and this is essentially treated like my public email address. All of these are funded with tornado because it breaks the link using zkp cryptography, and it's untraceable if you do it properly. If I send money to my friend, I don't want him to see my main holdings, so it's simple to have a public address and then there's no worries.
#Privacy Con-Arguments Below is an argument written by MrMoustacheMan which won 1st place in the Privacy Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > #Privacy - Con Argument > > *Reusing my previous entry [from here](https://np.reddit.com/r/CryptoCurrency/comments/pfoprn/rcc_cointest_general_concepts_privacy/hf4xibt/)* > > This is a tricky topic to interpret - should the argument be the downside of privacy itself? Or should it discuss the shortcomings of cryptocurrency in protecting our privacy? > > - As I outlined in [the Privacy - Pro thread](https://np.reddit.com/r/CointestOfficial/comments/r6sx7i/general_concepts_round_privacy_proarguments/hofaxtz/), > > - [Privacy is a fundamental human right](https://en.wikipedia.org/wiki/Right_to_privacy) and central to [the original ideals of cryptocurrency](https://www.activism.net/cypherpunk/manifesto.htm) . > - Privacy depends on - *but is not the same as* - [transparency and security](https://www.forbes.com/sites/danielnewman/2019/05/02/what-is-privacy-in-the-age-of-digital-transformation/). > > ##Limits of privacy > > - Not everyone values privacy all the time or in the same way: > > - People say they value privacy but don't protect their data ([privacy paradox](https://www.sciencedirect.com/science/article/pii/S0736585317302022)). > > - Or, they [weigh their privacy against getting something in return](https://martech.org/report-gen-z-millennials-more-willing-to-give-up-personal-data-in-exchange-for-personalized-experiences/). > > - And, as [arguments from users in the Monero Con thread](https://np.reddit.com/r/CryptoCurrency/comments/og17m0/rcryptocurrency_cointest_rcc_top_favorites/) indicate, people can react negatively to privacy if it facilitates criminal activity. > > - We can also think of some cases where - rightly or wrongly - [society limits individual privacy for the benefit of the public](https://knowledge.wharton.upenn.edu\/article/the-limits-of-privacy/): > > - Despite [issues with sex offender registries](https://thehill.com/opinion/criminal-justice/376668-the-sex-offender-registry-vengeful-unconstitutional-and-due-for-full), [Megan's law](https://en.wikipedia.org/wiki/Megan%27s_Law) and related regulations exist in many jurisdictions because - supposedly - the public good they offer [outweighs individual rights to privacy](https://www.hrw.org/reports/2007/us0907/10.htm). > > - National security was prioritized over individual privacy by passing the infamous [Patriot Act](https://en.wikipedia.org/wiki/Patriot_Act#Title_II:_Enhanced_surveillance_procedures), which greatly expanded the US government's ability to wiretap and surveil citizens. > - Elected officials are individuals whose [right to privacy is limited because of the public good](https://www.ncsl.org/bookstore/state-legislatures-magazine/yes-no-maybe-so-do-legislators-have-a-right-to-privacy.aspx). They are often compelled to disclose private financial information to [ensure against conflicts of interest](https://www.npr.org/2021/09/27/1041059924/2-top-federal-reserve-officials-retire-after-trading-disclosures). > > ##Public ledgers > > - What about crypto and privacy? It's not hard to imagine blockchain technology facilitating some limits to privacy: > - E.g., no need to [wait 45 days](https://en.wikipedia.org/wiki/STOCK_Act) to see what [moves politicians make in the stock market](https://www.quiverquant.com/sources/senatetrading) if every trade is on chain. You'd be able to see in real time that [senators were dumping their holdings while downplaying coronavirus](https://www.nytimes.com/2020/03/19/us/politics/richard-burr-stocks-sold-coronavirus.html\)). > - The transparent and immutable nature of blockchain networks can thus work to undermine privacy: > > > "[the design features of a blockchain network that make it such a useful tool for data security actually make it problematic for privacy](https://www.nhbr.com/when-blockchain-meets-data-privacy-and-security/)." > > >"[Bitcoin is only semi-private; the protocol doesn’t know your real name but transactions can still be linked to you in a myriad of ways.](https://medium.com/human-rights-foundation-hrf/privacy-and-cryptocurrency-part-i-how-private-is-bitcoin-e3a4071f8fff)" > > - Blockchain analytics firms ([like Chainanalysis](https://www.cnbc.com/2021/03/26/chainalysis-doubles-valuation-to-2-billion-with-benioff-backing.html)) specialize in deanonymizing crypto activity and sell this data to corporations and law enforcement agencies. > > - And sometimes privacy crumbles in surprising ways - [Decrypt journalists were able to use Ethereum's ENS to doxx individuals and even discover their physical locations](https://decrypt.co/19423/we-tracked-133000-ethereum-names-and-exposed-their-secrets). > > - Additionally, it's difficult to [reconcile immutable public ledgers with data privacy regulation](https://www.davispolk.com/sites/default/files/blockchain_technology_data_privacy_issues_and_potential_mitigation_strategies_w-021-8235.pdf): > > - You can't erase your history on the blockchain - this simple fact "[defies the EU’s General Data Protection Regulation, which says that all users have the right to be “forgotten”—i.e. the fact that I shopped for a certain book title on Amazon should not exist in the data ether forever.](https://www.forbes.com/sites/danielnewman/2019/05/08/could-blockchain-solve-our-growing-privacy-issue/)" > > - While the persistence of your data on chain may not differ from a centralized database (no doubt Amazon 'remembers' everything you do), its accessibility/transparency for the world to see is much greater. > > - Lastly, depending on how integrated blockchain becomes into our lives, the infrastructure creates risk of misuse - you may trust blockchain security to keep your funds safu, but not trust actors who can use it for surveillance purposes: > > - For example, [Charles Hoskinson expressed his reservations](https://www.youtube.com/watch?v=dOQf7TtA7U4) in explaining why Cardano would not support a 'vaccine passport' system as the VeChain and Icon teams did: > > > “[my deep concern is that such infrastructure, if it is used to restrict the freedom of movement, be a denial mechanism, will inevitably be used by those who have more totalitarian thoughts](https://cardanofeed.com/cardano-ada-gives-unequivocal-no-to-vaccine-passports-for-these-reasons-8330.html)” > > - I'm not saying that public chains will inevitably evolve into a [Social Credit System](https://en.wikipedia.org/wiki/Social_Credit_System) - but we shouldn't pretend that decentralized or transparent systems naturally protect us from oppression and surveillance. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/r6syvm/general_concepts_round_privacy_conarguments/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Privacy) to find arguments on this topic in other rounds. Since this is a con-argument, what could be a better time to promote the Skeptics Discussion thread? You can find the latest thread [here](/r/CryptoCurrency/comments/ufshqo/monthly_skeptics_discussion_may_2022/).
Can you share the name of this service? I struggle to find Juno projects. I'm not intending to grab anything for profit, I just like the idea of having an address for myself like on NEAR. I'd love an ENS one too but really can't afford that luxury.
>Could you not simply check which contract was created first and which has the most traffic? Detecting a fake is trivial if you look at the metadata. >As for unmemorable adresses could you not create some decentealized DNS like system to associate addresses with human readable names? That's what ENS is. >None of this seems like a fundamental issue to me. It's not, it's NFT haters thinking they're dunking on NFT's by showing you easy it is to make a very obvious fake.
No, OP is not right. You're supposed to be investors first. You have access to instant information. You can move your money to secure better ROI. Your money should have been in Anchor Protocol earlier this year as soon as it became apparent that the market was unsteady. Last week, ENS was trading at $14. It's at $25 today. It's the easiest bet in all of crypto, given its mass adoption and incredible success. It's performance offers you an opportunity to recover your funds and possibly end in the black. But many people would rather languish in the red. I honestly don't get it.