ETH

Inkamt

Then buy 32 ETH and run a ETH node. Good luck 👍

confusedguy1212

Why and how or by what mechanism. You’d think if that was the case the net on days 2/3 would have been positive. But it’s negative. Meaning people are getting out of ETHE and not putting back into ETH at all. So what exactly is going to cause that big run up?

Heycheckthisout20

ETH is king of shitcoins 

CointestMod

#Ethereum Con-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Disclaimer: I support ETH wholeheartedly but nonetheless I can see its flaws > > ​ > > * **Decentralized? Hmm** > > The main flaw of ETH is that it’s probably not as decentralized as many people think. This is due to two reasons: > > **1. 72 million ETH was premined and gifted to investors/founders** > > Before ETH was launched in 2014 its founders approached investors and promised them coins for backing the project. This way 72 million coins were sold/given to investors and founders which is much more than 50% of the circulating supply today! (circulating supply on 29.03.2023: [122 millions](https://www.coingecko.com/en/coins/ethereum)) > > Of course we can presume that some of the coins were sold throughout the years as ETH price went from ICO’s 0.31$ (sic!) to almost 5k dollars at ATH in 2021 (a modest 16,000+ x return of investment if you’re wondering). But what if Ethereum Foundation and vanilla investors who are close with them manipulated the market (which is very possible to do when you own such a high % of all coins) and sold tops and bought lows to own even more coins? > > This is obviously just a speculation but the initial premining of coins is a fact and everyone should be aware of this. It might make you look at the POW->POS switch form a different perspective knowing that PoS is very beneficial for those who already have many coins (the rich get richer) > > **2. 1/4 of nodes run on Amazon servers** > > If you go on this site: [https://aws.amazon.com/blockchain/](https://aws.amazon.com/blockchain/) you can see that Amazon boasts that 25% of ETH nodes run on their servers. I think 25% is a very significant number. Can Ethereum be a truly decentralized blockchain if so many nodes use Amazon Web Servers? Is the motto “[empower the little guy, screw the big guy](https://www.cnbc.com/2021/05/18/why-ethereum-founder-vitalik-buterin-got-into-crypto-bitcoin.html?)” true if the little guys use the big guy’s service? I don’t think so > > Speaking of nodes… > > ​ > > * **It's so damn expensive to run ETH node!** > > To run a full ETH node you need 32 coins which even during this bear market amounts to almost 60k dollars: [https://ethereum.org/en/run-a-node/](https://ethereum.org/en/run-a-node/) > > So much for the empowering of the little guy! > > You can of course join pools but that’s not the same. Plus you risk losing your coins if the pool you joined turns out to be a bad actor. You have to take a good look at the pool before joining it and find out if it's trustworthy, transparent and what's its track record > > Speaking of high prices… > > ​ > > * **ETH gas fees are pain in the… wallet** > > As you probably know, all transactions on Ethereum blockchain are paid in ETH (gwei). There is nothing strange about that but since ETH puts a lot of focus on security, it means that storage and processing power costs more. And the more popular ETH becomes, the higher the cost of storage and processing power becomes = the gas fees are more expensive. It is not easy to solve this problem. Just look at Solana – it has very small fees but its security has more holes than a Swiss cheese. This is why there are second layer (L2) solution > > But layer 2 solutions have their own problems and they reduce security > > Speaking of security… > > ​ > > * **ETH might be deemed a security** > > Since the transition from PoW to PoS, Gary Gensler argues that ETH is a security. He uses [Howey Test](https://www.investopedia.com/terms/h/howey-test.asp) in his argumentation. But it doesn’t really matter what argumentation he uses. As long as Gensler holds any power, Ethereum and all PoS coins are in danger. Especially since the New York Attorney General’s Office (NYAG) filed a lawsuit against KuCoin. They said that KuCoin offers trading pairs for coins, including ETH, that are securities ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p793/top_coins_ethereum_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) 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/1ed2tsy/daily_crypto_discussion_july_27_2024_gmt0/).

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Nostalg33k which won 2nd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > ​ > > # Ethereum: Use-case driving value > > Ethereum is a very valuable Blockchain. This blockchain is driven by innovation and utility. To understand what makes Ethereum such a valuable eco-system we need to discuss the inner-working of Ethereum. > > # Introduction: Ethereum explained > > According to [Ethereum.org](https://Ethereum.org) : > > >What is Ethereum? > > Ethereum is a technology that's home to digital money, global payments, and applications. The community has built a booming digital economy, bold new ways for creators to earn online, and so much more. It's open to everyone, wherever you are in the world – all you need is the internet. > > So the topic driving this discussion is badly worded. If we are discussing top coins then we should discuss Ether and not Ethereum. Since Ethereum is such an interesting ecosystem I will treat this argument as a pro Ethereum post. I'd love to see the discussion focused on Ether next time. > > Ethereum is not managed by a single entity nor managed by the Ethereum Foundation but is managed through a decentralized process explained [In their governance page](https://ethereum.org/en/governance/). > > Time for some metrics: Ethereum is currently trading north of 1750 $ and has a circulating supply of 122 millions ETH for a Market cap at around 218 billions > > Let's go back to the quote: "Ethereum is a technology that's home to digital money". This point is important. Ether is not the only coin which is using the Ethereum blockchain. A lot of value on the Ethereum Blockchain is not in Ether coins. This will be discussed further down. Ethereum is also home to global payment, so Ether and other cryptocurrencies can be used to settle transactions between P2P in a permissionless way. > > Applications called Dapps exist on the blockchain. We are going to discuss all of these aspects. We are also going to tackle NFTs on the Ethereum Blockchain. > > Ethereum is also completed by L2s. These are going to be mentioned. > > Ethereum has been switched from POW to Asic resistant POW to POS. These are going to be discussed. > > ​ > > # Ethereum: Home to digital money. > > Ethereum strength is that the blockchain is home to many cryptocurrencies. If gas fees are paid in Ether, many tokens have billions circulating in the Ethereum ecosystem. A quick look at Etherscans reveal how strong the ethereum ecosystem is. > > According to [EtherScan](https://etherscan.io/tokens) the blockchain has 40 Billions $ in USDT, 46 Billions in USDC and 7 Billions $ in Wrapped BTC. The market cap of Ether may be around 200 billions but the on chain value of assets in the Ethereum Blockchain is far higher. > > All of these USDT and USDC are stablecoins which can be used for transactions. In fact, it can be used for P2P transaction in a permissionless way but also to buy stuff from businesses. [Here is a list of business accepting USDT (which exists in the Ethereum blockchain)](https://nowpayments.io/blog/businesses-accepting-tether) and [Here is a list of business accepting directly Ethereum](https://www.analyticsinsight.net/top-10-companies-accepting-ethereum-as-a-payment-method-in-2022/) > > These classical transactions are not the only use of the Ethereum Blockchain: Dapps and NFT are also thriving ! > > # Ethereum: Home to dapps and NFTs > > Ethereum is home to a lot of different applications: Marketplaces, exchanges, defi, wallets, games... > > These application are different because they are called dapps: > > >A decentralised application (DApp,\[1\] dApp,\[2\] Dapp, or dapp) is an application that can operate autonomously, typically through the use of smart contracts, that run on a decentralized computing, blockchain or other distributed ledger system.\[3\] > > [Wikipedia Dapps](https://en.wikipedia.org/wiki/Decentralized_application) > > To give a glance to these dapps you can head to this website tho be wary of the first dapp listed being an advertisement for shady businesses (I haven't found a better website to source dapps) [Here you go](https://dappradar.com/rankings/protocol/ethereum/1) > > While I don't believe in the current state of NFT technology being viable (See my write up in favor of NFT speaking about the future of this technology), we have to take into account that even after losing 60% of their value there is still 3 Billions USD in NFTs in the Ethereum Blockchain [Source](https://cointelegraph.com/news/ethereum-nft-collections-lost-nearly-60-of-their-market-cap-in-2022-report) > > # Ethereum: Layers of goodness. > > Ethereum can be a bit expensive for people, this is why it was layered. There are side chains existing just to be cheaper than Ethereum while offering bridges to and from Ethereum. For example Polygon. > > >Polygon is a Layer-2 scaling solution created to help bring mass adoption to the Ethereum platform. It caters to the diverse needs of developers by providing tools to create scalable decentralized applications (dApps) that prioritize performance, user experience (UX), and security. > > So if you want to be able to evaluate Ethereum you need to go and read about the biggest layer 2 pro and cons. > > [A small list of Ethereum layer 2 given by Ethereum.org](https://ethereum.org/en/layer-2/) > > # Ethereum: Evolve to thrive > > Ethereum has been a rapidly evolving ecosystem. It has seen the evolution of mining from GPU to Asic. In order to not become reliant on Asic mining, Ethereum was made Asic resistant. This created other problems: A pressure on the GPU market but also a concern for energy efficiency. In order to improve the footprint but also reduce the fees, Ethereum was made to transistion from POW to POS. Proof of stake is a protocol in which you need to stake coins to run a node in the network. > > This shows an ability to look ahead and to tackle challenges. > > # Conclusion: Ethereum is a rapidly evolving ecosystem which has a lot of value in it. Since Ether is their native coin, all of this impacts Ether's value. > > This is where we go back to the TOP COIN aspect of this write up. Everything I have said has an impact on the value and use of Ether. If you believe in the future of the Ethereum Blockchain, you can go ahead and look a bit more into Ether. If you don't believe in the Ethereum Blockchain then you should try to find a competitor. > > Just know that Ethereum is trying to become deflationary and that their economic outlook seems on par with good cryptos. > > Ethereum is one of the techs of the future and this essay has shown some of the most important aspects of it. > > Have fun ! ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

LrnFaroeseWthBergur

Now I'm thinking about how they make money and how they probably borrow against it as a hedge against hyperinflation. I dabbled with Raspberry Pi way back, tried to create a magic mirror. A comment I saw about hyperinflation made me want to have three rows of running charts on a magic mirror in my bedroom: 1: Crypto (BTC;ETH)/(USD;DKK) ETH/BTC 2: Forex (USD;EUR;RMB;PHP)/DKK 3: Commodities Gold/(USD;BTC) Prices of 20 most common household staples in nine different countries In short, everything I need to know in order to figure out if I can actually buy more bread and butter for my BTC than I could when I bought it for the fiat I bought it with.

SwingNMisses

Solana surpassed Binance to reign in #4 spot. Next up is Tether which is about $30 bill away. I see that happening. As far as surpassing ETH, I think that’s inevitable. The only question is the timeframe.

SwingNMisses

To think ETH was priced at one point 43 cents. You could’ve bought 160K for $68,000 which would hardly make you a whale back then.

LrnFaroeseWthBergur

Feeling more and more convinced that there's no reason to panic. Yesterday, I saw the dip and I thought to myself how wonderful it is that I chose to focus on BTC and ETH and how I knew it in my stomach brain that we would be back, especially BTC, within a week. It seems like those dips are completely harmless, it's just the big boys squeezing those who try their luck with leverage thinking they're too smart for stop-loss.

MaximumStudent1839

You are telling those who held Greyscale ETH up to ETF launch, sold and left the market? If they wanted to leave, the discount was so low, they could have left at a higher price above $3500 rather than wait for this dumpster fire. It seems more likely those who held Greyscale are long term holders. And long term holders buy back.

jetylee

We are bridging many 0x EVMs. Back in 2017 early beta testing was ETH but you know gas prices. We also sue the tokens to give to listeners who register. (Think Brave Browser) but that’s just an addon cuz “why not?” Using any type of immutable blockchain is really a no brainer (or think elections). Now that we are in a third iteration of beta and moving into more of a production world, this same logging works exactly as intended for advertising. X listeners heard “this advertisement” on the radio / streaming platform at “this timestamp.” All documented permanently. No need for audits. No need to be questioned if anyone is getting lied to and or ripped off.

Jbikecommuter

He should move it to ETH - way more energy efficient

MakeLTUGreatAgain

ETH didn’t reach their past ATH too, every coin eventually goes downwards against BTC

ChadInNameOnly

SOL is the new ETH

BigJon_CakeKing

Is there a site to track the flows of ETH ETFs?

Remarkable-Hall-9478

That’s my point lmao. People come late and then set their own expectations and perspectives into the discussion but they’re so wildly off base vs the historical track, and in most cases mostly unaware of it.  Privacy coins are suppressed because they’re dangerous as hell. There’s a reason damn near every ETH scam hit tornado protocol first (in somewhat recent times).  Monero ripped hard, very hard, when the DNMs adopted it after determining it was generally equivalent to or safer than BTC, and they preferred protection on the public chain vs bitcoins open nature.  This stuff has always been associated with the purest ideals of crypto, but the thing is… that shits super dangerous to the establishment.  BTC and ETH are being openly co-opted by the system bitcoin was invented to provide an *escape* from, an *alternative* to - the traditional banking system with its rampant financial fuckeries - to thunderous applause (look at all the ETF hype, “XYZ major firm/player acquires $100m BTC”, etc). Yet the tech that embodies the pursuit of the ability to seamlessly and securely operate peer-to-peer takes it a bit seriously and literally… not going to get supported by the system it antithetically opposes and undermines.  And it’s not like Monero doesnt have technical issues regarding scaling, it’s not perfect tech even still.  But, it’s a step towards the Unallowable Path that the big money interests that diametrically oppose Crypto cannot allow or side with.  BTC and ETH are only big because they’re explicitly NOT that. Cryptocurrency will still exist but the success of the vision Satoshi had when he founded this whole thing is looking very bleak. 

Mordan

nah. anything privacy solution on ETH fails because as soon as you use it, you taint all your ETH accounts

jawni

>It's all crap looking for a purpose. Like the million different L2's launching on ETH!

AuspiciousEther

Max supply inflation for ETH is about 0.8%, and it's been negative on average since the merge. How much is it for SOL?

MoneroArbo

For sure. I legit hope Railgun doesn't run in to legal issues. For me EVM chains just haven't been worth the trouble. Like, I hold ETH but I never use it except for having some of it staked. > If you have a large amount of crypto and don’t want the whole world to know don't post it on reddit ;)

AuspiciousEther

People that realize that this is just a temporary dip, and that Grayscale (customers) soon won't have any ETH left to sell at this rate.

MoneroArbo

The difference is after you withdraw XMR, there's no way for anyone to tell if it's been spent at all, much less where to. That means KYC XMR can still be pretty damn private. Cross chain swaps where one chain is private are also much harder to trace because you can't do timing attacks without private CEX data. Plus, there are atomic swaps and DEXs available to go from ETH or BTC (or even USD) without a central exchange. You're right that swapping in and out are the riskiest parts generally speaking, but a chain that's private by default still brings a bunch of advantages over optional privacy.

oopssomething

Isn't ETH always printing more? The dilution will always make it harder to get to the same price.

jekpopulous2

Sure but unless you’re buying crypto with cash there’s always going to be some kind of record. If I buy Monero on an exchange there’s a record of that. If swap ETH to XMR on a CEX there’s a record of that. If I atomic swap BTC into XMR there’s a record of that. There’s a difference between privacy and anonymity. There are plenty of ways to keep your transactions private on-chain. The only way to stay anonymous is to purchase crypto with cash.

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Mentallox

wonder how much is just swapping into the ETH ticker. How can one find out the in-flows of that.

justjoner

just bought some more ETH, so expect it to drop more. sorry guys

goldyluckinblokchain

I'll do it for 0.5 ETH

InclineDumbbellPress

Hello I can make it happen if you send me just 1 ETH

jawni

That and it's also the only downtime that this sub ever acknowledges. So many different parts of the ETH ecosystem have recently had downtime too. Before the merge, the beaconchain stop finalizing transactions for a while, Arbitrum stopped because they forgot to manually add gas to it, Linea had to be halted by the devs(which is what this subreddit wrongly thought Solana did), Optimism had an outage, and those are just the ones I can remember offhand.

ronnoco_ymmot94

The performance of most coins that are not BTC or ETH have not been good. 1 more year til we can properly comment

coinfeeds-bot

tldr; Following the SEC's approval of nine Ethereum ETFs, Coinbase received 160,930 ETH, worth nearly $565 million, over two days. This influx is linked to Grayscale's activities, which sold $811 million in Ethereum in the first two trading days. Despite 47,811 ETH leaving Coinbase, the net inflow of 113,119 ETH created significant selling pressure, leading to a price drop from around $3500 to $3200. The market cap of Ethereum is currently $390 billion, with trading volume down by 20% to $20 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

ieatvegans

ETH probably won't out gain BTC over the next few weeks as there is too much sell pressure for ETH due to Greyscale.

CoreyC

Riding the ETH dip because I know I won’t be able to time the inflows if I was to buy back in. I know ‘hope’ isn’t a solid strategy, but I hope it pays off and out gains BTC over the next few weeks.

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jawni

>Inflation. which is <5% >People think staking is enough to beat the growing supply but they're being lied to. which is > 5% >It's unclear how long the bull run will last for Solana, but it's not fit for the future. It's as fit if not more than any other chain besides ETH and that's setting aside the L2 clusterfuck. >(And it's shutting down every now and then, but nobody cares as long price goes up and that's okay) Out of the last 365 days, which would be 8760 hours, it was down for... ~5 of them. 5/8760 or 0.0570776256%, or a 1/20th of a percent.

biba8163

Ripple is still taking the gullible for a ride with the fake XRP pumps but nobody falls for it these days except noobs so the pumps are barely a bump. Remember in the 2018 bear market, XRP went up 60% in a single day to reach $0.59 and flip ETH? XRP bagholders quickly got rugpulled again and 6 years later it's pumped to..... $0.59 > XRP surpasses Ethereum in Market Cap to claim #2 spot https://np.reddit.com/r/CryptoCurrency/comments/9hq1jv/xrp_surpasses_ethereum_in_market_cap_to_claim_2/

the_lone_unlearned

Well duh, that's the most obvious statement in the world. Even Ethereum is going to have farrrrrrrrrr less interest than Bitcoin ETF (and it's already showing). Nobody is going to be interested in random Crypto ETFs. Any other ETF outside of ETH would fail badly. Anyone who doesn't understand this has very little understanding of how little anyone outside "crypto degens" cares about anything in the cryptocurrency world outside of Bitcoin, and to a lesser extent Ethereum.

Objective_Digit

Bitcoin still hit a new ATH. I can't see it happening with ETH any time soon.

_TheWolfOfWalmart_

The risk/reward isn't there for me on ETH anymore at this market cap. It's technically inferior to like, everything...

sgtslaughterTV

This is the best way. And please do not make any offensive remarks to the scammers. Do not try to "bait" them by saying "Yo I just sent 50 bucks of ETH / MATIC / TRX" because this could make crypto newbies think "Oh I should try this some time."

Harold_Kensington

More reason for other cryptos to exist, tradfi is collapsing and they know it, once they go all on btc and ETH thinking they’ve tricked us and own the industry and can keep playing slave masters is when we pivot to other cryptos rendering them powerless. This is the only way to true freedom, don’t be fooled.

justjoner

Good thing we have ETH, the non-ETHE ETF

aminok

Bloomberg senior ETF analyst Eric Balchunas: ETH ETF "is the second biggest launch ever" (12:12) [link](https://www.youtube.com/live/ObBO5F2RwEQ?si=962CXEtkBdjMVRtI&t=726)

stonkgoesbrr

Anyone here into Gnosis and/or Mantle and has some insights? Both connected to ETH, GNO as L1 side chain and MNT as L2. And both active in RWA solutions. Still trying to figure out which one has the better standing currently.

aminok

New Bankless episode: Eric Balchunas on $ETH ETF Launch: [link](https://www.youtube.com/live/ObBO5F2RwEQ)

AuspiciousEther

I would probably do the opposite if I could. Swapped my btc for eth years ago, no regrets other than that I have no btc left to swap for ETH at times like these.

AuspiciousEther

Feeling great, did 170 push ups this morning. Meanwhile ETH keeps creating higher lows. Looks like later this year the lows will be $3500 to $4000

PirateSKB

>XRP and ADA are going to flip BTC and ETH But on what timeframe and why would they? >And most of all ERGO will moon to $150 Why would it suddenly moon to $150 while being down more than 95% from ATH? Also more importantly, how heavy are your bags? lol

PirateSKB

>XRP and ADA are going to flip BTC and ETH But on what timeframe and why would they? >And most of all ERGO will moon to $150 Why would it suddenly moon to $150 while being down more than 95% from ATH?

Capital-Physics4042

XRP and ADA is going to flip BTC and ETH. The insiders know this, and I'm sharing with you. Look at the pattern of price trajectory. I stand by my mathematical model XRP $10 and ADA $35 price forecast this bull run

jwz9904

not too good. i'm no ETH fan though

piggleii

How are all the ETH fans doing? Doing good? Great, great.

WineMakerBg

Stay cool boys and girls, there is an ETH ETF banner hanging on the NYSE. Sourse: https://www.theblock.co/post/307693/bitwise-hangs-banner-on-nyse-facade-to-promote-spot-ethereum-etf

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Timely-Manner-5747

I actually had no idea dev was from ETH tbh. Looking forward to him DOXXING this weekend. Ego is picking up quite a bit I must say

One_Boot_5662

Why would anyone into crypto be interested in ETFs, they are the antithesis of why crypto exists. The fact BTC and ETH have ETFs is not relevant, and the fact BlackRock are driving this should be creating alarm, not celebration.

jwz9904

the ETH bulls are sleeping

Dont_Waver

Grayscale already had an ETH trust with many investors in it. The fees were 2.5% per year. Grayscale just converted this trust to an ETF. All the other ETFs have fees near 0%. Anyone who was in the Grayscale trust will sell as soon as possible.

Lemon_Club

You have repeatedly dodged simple questions I have posed to you, so I'll ask you again: Do you think it serves the investing public that the SEC cannot tell anyone what makes a crypto asset like ETH perfectly legal and what makes one an unregistered security? What is Coinbase supposed to do? Shut down it's entire multi billion dollar company because the SEC can't just plainly tell them what securities they think Coinbase is trading? Don't you think that if the SEC was operating in good faith allegiance under the law, that they would immediately tell these brokers and companies what they thought were unregistered securities? Do you think it makes for a safe market for investors and developers that the SEC cannot tell you what makes a crypto asset and an unregistered security? And no, I am not parroting crypto talking points around securities, I am repeating the logic around the decisions made by federal judges in both SEC v Ripple and SEC v Binance. It is clear as day that crypto tokens in of themselves do not embody an investment contract just in the same way that orange groves in SEC v Howey don't in of themselves embody investment contracts, it is how an asset is packaged and sold that makes it a security. If I buy XRP on the open market, I am not buying equity in Ripple, nor does Ripple have any post purchase obligations towards me the buyer. I am simply buying a digital asset that fits neatly as a commodity that should be regulated under the CFTC. Gary Gensler's SEC has repeatedly lost in court over his war on crypto and will continue to lose as long as his agency keeps on putting up these ridiculous cases.

diwalost

And that money is going to other ETFs and people are reporting as if ETH ETFs have sem Billions in inflows. In reality it is just good old money going from one basket to another.

SwingNMisses

Second this. Blackrock will flip flop on anything they see potential money in. Right now the only cryptos that are in the green from early Jan 2018 are BTC and ETH. Every other crypto that existed back then is in the red so it makes sense they only back BTC and ETH. But that decision is not permanent as things change tremendously over time.

_Commando_

The only real staking is running a validator with 32ETH and staking on the network, anything else is not staking. You can fake it all you want

PoloValentino

Anyone finally switched their ETH to BTC? The opportunity cost is just too frustrating.

PoloValentino

Don’t forget ETH..

CointestMod

#Ethereum Con-Arguments Below is an argument written by Chysce which won 2nd place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **>> Scalability** > > Ethereum's greatest challenge is [scalability](https://education.district0x.io/general-topics/ethereum-scaling/introduction-to-ethereum-scaling/). This issue manifests in two ways - long transaction times and high fees. The large number of transactions on ethereum network can cause congestion resulting in delays and very high gas fees. Ethereum Merge event did not resolve this issue, it only paved the way for future optimizations of gas fees. > > **>> Ethereum is not so decentralized** > > Despite its decentralized nature, Ethereum has become increasingly centralized over time, with a small number of entities controlling a large portion of the network's resources and governance. For regular Ethereum user it is hard to run a node so they have to rely on [external node infrastructure providers](https://www.alchemy.com/overviews/blockchain-node-providers) who can censor whatever they want. > > **>> Vulnerable to attacks** > > Transition to proof of stake made Ethereum more [vulnerable to attacks](https://cointelegraph.com/news/ethereum-merge-makes-network-more-vulnerable-to-attack-security-expert). *"Unlike proof-of work systems, a proof-of-stake (PoS) system informs node validators in advance what blocks they will validate, thus enabling them to plan attacks."* > > **>> Solidity barrier** > > Another issue with Ethereum is its programming language. Developers who are proficient in C, Python or Java cannot easily transition to Ethereum and create dApps. They must instead learn a completely different coding language (Solidity). This slows down the process of onboarding new developers and creating dApps. > > **>> Ethereum could be labeled a security** > > There are early [hints](https://www.theblock.co/post/220297/gensler-suggests-proof-of-stake-tokens-are-securities) that ETH might be labeled a security. If that happens any US citizen would have to hire a licensed broker to buy and sell ETH for them. This would significantly hinder its growth potential. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p793/top_coins_ethereum_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) 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/1eca0ez/daily_crypto_discussion_july_26_2024_gmt0/).

CointestMod

#Ethereum Pro-Arguments Below is an argument written by excalilbug which won 1st place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has been one of the top coins for more than 6 years now. And there are several reasons why it’s so popular: > > &#x200B; > > * **Reliability** > > Launched in 2016, Ethereum has been very reliable. Some networks (e.g. Solana) had more issues in single week than Ethereum in all its history. The only issues I can remember is of course the [famous hack](https://www.coindesk.com/tech/2020/09/17/the-55m-hack-that-almost-brought-ethereum-down/) (it was in the beginning of ETH) that led to the creation of ETH Classic and the network congestion in 2017 caused by… [internet cats](https://consensys.net/blog/news/the-inside-story-of-the-cryptokitties-congestion-crisis/). What else could it be, right? > > Other than that ETH remained very stable and trustworthy. It had no downtimes and new partners were joining the network which led to the next pro of Ethereum: > > &#x200B; > > * **Adoption** > > One of the biggest advantages of Ethereum is its widespread adoption. It had the first mover advantage and it used it pretty well. Today the [Ethereum Enterprise Alliance](https://entethalliance.org/eea-members/) includes dozens of members, among them such big names as JP Morgan, Ernst & Young or Microsoft > > Every regular visitor to r/cryptocurrency is also probably aware that Reddit chose Ethereum for their community points program. Currently Moons run on one of Ethereum layer 2 protocols called Arbitrum Nova > > Also worth mentioning is the fact that the [total value locked on Ethereum network is almost 60% of all chains](https://defillama.com/chains) and almost 6 times more than its biggest competitors, Tron and Binance chains (both “just” 10%) > > &#x200B; > > * **Advantages of PoW -> PoS transition** > > Transition from PoW to PoS of course has some disadvantages (the rich get richer) but it’s hard to deny that there are also some advantages. And probably the biggest one is the energy usage decrease. The [energy used by Ethereum is now almost 100% lower](https://blog.ethereum.org/2021/05/18/country-power-no-more) than when it was a PoW coin > > The other advantage of recent updates is the fact that ETH is now deflationary. After the implementation of EIP-1559 ETH now burns a fraction of the gas fees per transaction (so there are some positive sides to high fees too – more ETH is burned :P). [This year, in less than 3 months, more than 66,000 ETH was burned](https://finbold.com/ethereum-supply-drops-by-66000-eth-in-2023-making-it-deflationary/) > > And it’s not the end. Soon, on 12 April 2023, ETH will have another upgrade called Shanghai-Capella (Shapella). One of its improvements is [EVM Object Format](https://sensoriumxr.com/articles/375). It will separate code from data. It should make the network easier to use and it will reduce gas fees > > &#x200B; > > * **Layer 2 solutions** > > One of the biggest problems of Ethereum are high gas fees. But thanks to a very active community and smart develoeprs this problem is circumvented. Layer 2 protocols have very low fees while utilizing the benefits of Ethereum blockchain. They decrease data traffic by redirecting it offchain > > Those layer 2 solutions are so popular that Arbitrum has 4th largest total value locked in it and Polygon and optimism are 5th and 6th respectively! ([https://defillama.com/chains](https://defillama.com/chains)) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

Olskoolah

The BTC ETF was only approved because Greyscale sued the SEC for it and won. The court ruled that since there was a futures market then there was no reason to not approve. Following that logic the SEC had to approve ETH too. Biden didn’t do it out of the goodness of his heart. Biden tried to kill crypto on ramps with Operation Chokepoint 2.0

Express_Map_3220

great write up! I 100% agree on decentralized finance (crypto) and its a shame that politicians are making it so hard for us to engage in this. one of my main plays this bull run is a coin called MEGA (Make ETH Great Again). MEGA is a coin in the Kendu Inu ecosystem which is backed by shib and is expected to go to crazy numbers this cycle. Have a look at there sub, great people. r/MEGA_ERC

igoldring

Grayscale still has 2,391,684 ETH left and they’re selling an average of 112,850 ETH a day. Hoping for inflows from others to start outpacing the selling pressure.

igoldring

Grayscale still has 2,391,684 ETH left and they’re selling an average of 112,850 ETH a day. Only 3 days in the ETF though. Hopefully inflows from others start to outpace the selling pressure.

doives

You need ETH to use Ethereum.

seb7mad

It means the underlying asset (ETH) is staked, not that you’re stacking your ETF shares

Cactuszach

No it isn’t. ETFs exist to sell crypto to normies. Normies don’t want coins that aren’t BTC or ETH.

RandoStonian

Nah dude - it's pretty much all folks who bought Greyscale ETH shares at 30-70% off the spot price selling for what's become an instant profit since the discount to NAV disappeared instantly when ETH ETFs were approved.

biba8163

> And the cycle repeats. The maximalists are bragging about how bitcoin is going up in dominance (just like what happened in 2017 before the alt run), people are losing hope on alts and are becoming maximalists. > inb4 when alts pop, these maximalists shut up, and those who capitulated regret losing money https://np.reddit.com/r/CryptoCurrency/comments/cmyhyq/daily_discussion_august_7_2019_gmt0/ew7bduz/ ~~Shitcoiner~~ Bitcoiner In 2023: > To the new comers, to those who are holding ETH and alts, you are about to experience first handedly why they say "btc is king" https://np.reddit.com/r/CryptoCurrency/comments/10jrpkm/daily_general_discussion_january_24_2023_gmt0/j5obw2n/

biba8163

I've been saying this for years, there is negligible to zero interest in anything in the TradFi world besides Bitcoin and some Ethereum. The Grayscale Trust is an indicator of how much interest there is and if you look back at 2020 before the ETFs, it was BTC, considerably less ETH and negligible amounts of everything else. Absolutely almost zero interest in something like a centralized gimmick coin like XRP that crypto investors fall for and the XRP Trust was discontinued. Back in 2020: - Grayscale Bitcoin Trust 10.8 Billion - Grayscale Ethereum Trust 1.7 Billion - Grayscale Digital Large Cap Fund $170 Million - Grayscale Ethereum Classic Trust $74 Million - Grayscale Litecoin Trust $74 Million - Grascale Bitcoin Cash Trust $58 Million - Grayscale XRP Trust $18 Million https://www.coindesk.com/markets/2020/12/15/grayscale-now-has-13b-in-crypto-assets-under-management/ https://www.coindesk.com/resizer/8evhar1igmq9qm5gJNYzQVIMi8o=/811x422/filters:quality(80):format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/HDYWAIBPBBEVZPDAC5RDITABUQ.png

Mordan

Bullish for BTC.. only. ETH will never be a reserve asset. Its a banking coin with staking politics.

Mordan

they cannot because staking is risky. If stakers fails, they are slashed. and lose the ETH.

Mordan

BTC mining is more subtle than ETH staking.. The idiots who pissed on Bitcoin for years on this sub are now losing money

nthgen

Mara has just bought $100 million worth of bitcoin. They bought $0 of ETH. Probably nothing 😉

doives

No, you just don’t need a hundred different L1 chains. And they’ve decided that BTC and ETH are the winners. I agree with them.

CointestMod

#Ethereum Con-Arguments Below is an argument written by Chysce which won 2nd place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > **>> Scalability** > > Ethereum's greatest challenge is [scalability](https://education.district0x.io/general-topics/ethereum-scaling/introduction-to-ethereum-scaling/). This issue manifests in two ways - long transaction times and high fees. The large number of transactions on ethereum network can cause congestion resulting in delays and very high gas fees. Ethereum Merge event did not resolve this issue, it only paved the way for future optimizations of gas fees. > > **>> Ethereum is not so decentralized** > > Despite its decentralized nature, Ethereum has become increasingly centralized over time, with a small number of entities controlling a large portion of the network's resources and governance. For regular Ethereum user it is hard to run a node so they have to rely on [external node infrastructure providers](https://www.alchemy.com/overviews/blockchain-node-providers) who can censor whatever they want. > > **>> Vulnerable to attacks** > > Transition to proof of stake made Ethereum more [vulnerable to attacks](https://cointelegraph.com/news/ethereum-merge-makes-network-more-vulnerable-to-attack-security-expert). *"Unlike proof-of work systems, a proof-of-stake (PoS) system informs node validators in advance what blocks they will validate, thus enabling them to plan attacks."* > > **>> Solidity barrier** > > Another issue with Ethereum is its programming language. Developers who are proficient in C, Python or Java cannot easily transition to Ethereum and create dApps. They must instead learn a completely different coding language (Solidity). This slows down the process of onboarding new developers and creating dApps. > > **>> Ethereum could be labeled a security** > > There are early [hints](https://www.theblock.co/post/220297/gensler-suggests-proof-of-stake-tokens-are-securities) that ETH might be labeled a security. If that happens any US citizen would have to hire a licensed broker to buy and sell ETH for them. This would significantly hinder its growth potential. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p793/top_coins_ethereum_conarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) 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/1ebgodx/daily_crypto_discussion_july_25_2024_gmt0/).

CointestMod

#Ethereum Pro-Arguments Below is an argument written by Chysce which won 3rd place in the Ethereum Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > In its essence Ethereum is a platform that allows developers to create decentralized applications (dApps) using smart contracts. These contracts are self-executing and run automatically when certain conditions are met which makes them transparent and secure. With the recent [Merge](https://ethereum.org/en/upgrades/merge/) Ethereum has switched from proof of work to proof of stake which made the network even more secure and decentralized. > > **>> Deflationary Future** > > As a result of the Ethereum Merge event, the ETH tokenomics are now set up to become **deflationary.** For example only during last month supply of ETH decreased by [31.5k ETH](https://ultrasound.money/) due to more ETH being burned than issued. If Ethereum can consistently ramp up its user base and transactions over time, it will move closer to a deflationary future, which is increasingly likely given the growing DeFi and gaming ecosystems. The more transactions and people using ETH, the more it gets burned, which should theoretically make ETH more valuable going forward. Current supply decrease is [0.319% per year](https://ultrasound.money/) and the burn and is bound to increase with the use. > > **>> Staking** > > The upcoming [Shanghai Fork](https://www.investopedia.com/what-is-the-ethereum-shanghai-upgrade-7099021) will make liquidity readily available to stakers at any time, enabling them to have financial flexibility to build on top of it, as opposed to locking their ETH for extended periods. By staking ETH, one can manage it independently, with the assurance that no one can default on their investments, as it is secured on a smart contract. Since the start of staking program there has been a consistent rise in the [amount of staked Ethereum](https://cryptoquant.com/asset/eth/chart/eth2/total-value-staked?window=DAY&sma=0&ema=0&priceScale=log&metricScale=linear&chartStyle=line). Currently [\~15% of total supply](https://ethereum.org/en/staking/) of ETH is staked and [APR is 4.5%](https://ethereum.org/en/staking/) > > **>> ETH is a DeFi powerhouse** > > Ethereum is the biggest platform for decentralized finance (DeFi) applications. The vast majority of DeFi applications are built on Ethereum, including decentralized exchanges (DEXs), lending and borrowing platforms, and stablecoins. Ethereum's popularity, tools and resources that are available to developers have significantlu contributed to the growth of DeFi on the platform. > > While other blockchain platforms are also entering the DeFi space ETH will always have the first mover advantage and will be very hard to replace. [At the moment the total value locked (TVL) in DeFi on Ethereum (58%) is greater than the TVL of all other blockchain platforms combined](https://defillama.com/chains) > > **>> Active Community** > > Compared to other ecosystems Ethereum has [the biggest and most active community](https://blockworks.co/news/ethereum-has-most-developers-but-these-newer-chains-are-growing-fast). It has the largest total number of developers, and this number is continuously increasing. Ethereum's community is known for being open-minded, welcoming, and inclusive. They are also very active in discussing and implementing future improvements ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/100p71b/top_coins_ethereum_proarguments_january_2023/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Ethereum) to find arguments on this topic in other rounds.

OwlSuspicious9254

Yep, a little bit of everything but 80% BTC and ETH.

Nathanv92

Indeed. 10-12 days come back and buy ETH

LargeSnorlax

ETHE holders have ETH with 10x profits waiting to be sold and transferred over into cheaper Blackrock funds Same as the BTC ETF, we'll see giant outflows for a while as Grayscale empties and Blackrock fills

Despaciito

BTC with a nice recovery, going for 66k now. ETH is still struggling in the 3100s , insane amounts of dumping going on there

Extravagos

We have them in Canada already, but I think it only yields about 2.6%. It also doesn't pay any dividends or income directly, the value of the ETF just goes up by 2.6% per year (compared to a regular ETH ETF).

Ill-Sandwich-7703

Crypto is long term. BTC and ETH are the flagship ETFs. Let’s just enjoy seeing them play out and the whole crypto scene get the legitimacy it deserves.

justjoner

okay wait how would this even work? this is the first thing in awhile on this sub thats actually grabbing my interest. staking in ETH ETFs would be AMAZING but i cant even imagine the tax implications. Better do this in a ROTH IRA to maximize gains

poops314

You have vendors, they will buy ETH at a price and sell ETH at a price for a profit. Where the ETH came from, to them, is neither here nor there. Mine comes from outside of Russia in. I know plenty that do the same and opposite. It isn’t about me, or my friend, but yea there are people that do considerable volume but I’d say it’s the masses that take the biggest slice of the pie.

Icy_Benefit_9471

Can't believe we are all so obsessed about him. He would be very vocal over ETH movement last few days...

igoldring

Who’s got the updated ETH etf inflow link, coinglass hasn’t updated theirs for today

InclineDumbbellPress

Well lucky you I can make it happen. If you send me 1 ETH I will set you 1 BTC trust me alright champ

Soil_Electronic

They have 7.4B worth of ETH 💀

DeFi_Ry

My theory for BTC was that after the sell the news ETF event people started to front run the halving. Now with ETH there obviously isn't a big event to look forward to 3-4 months from now. So I'm curious to see how this plays out

ieatvegans

Yelling at ETH across a divided highway: "You're going in the wrong direction!"

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