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Reddit Posts

Arguments why cryptocurrency and bitcoin won’t make it (wrong answers only)

For Ideological Reasons, I Would recommend Staying Away From KuCoin.

Cosmos Ecosystem/IBC governance and decentralization. Cosmos may be in the process of creating the most efficient Democratic Republic Governance structure.

Decentralization, Governance and how Cosmos ($ATOM and IBC) has the potential to create the newest and most efficient form of a Democratic Republic ever

ECB's latest assessment of Bitcoin

USDT: will the Token keep its #1 position for a long time?

Resources about Bitcoin and the energy grid

Waves.exchange is currently having massive liquidity issues

Need assistance for swapping USDT to USDC ?

Attention everyone: BTC is up, bull market is back

The Tether FUD is all bullshit and it has always been. USDT is in fact the 3rd most influential use of crypto to date.

Grayscale finally decided to tweet about insolvency rumors, confirms BTC is fully backed

r/BitcoinSee Post

Could the Fed hoard Bitcoin?

CZ is calling people who once believed SBF “poor“, even though there was nearly no way for them to know about his fraudulent-intentions.

On-chain data suggests retail is buying the hell out of the dip

Nexo's business model

Nexo: unnecessary FUD or time to withdraw your funds?

r/CryptoMarketsSee Post

I called it back in June before the first wave of bankruptcies (Celsius, Voyager Digital, Three Arrows Capital). Nobody on Webull wanted to listen, they thought it was all FUD. Now I’m telling everyone here that the insolvencies are nowhere near over. We’re in the End Game now.

I called it back in June before the first wave of bankruptcies (Celsius, Voyager Digital, Three Arrows Capital). Nobody on Webull wanted to listen, they thought it was all FUD. Now I’m telling everyone here that the insolvencies are nowhere near over. We’re in the End Game now.

CentroFi- $CENTRO | Just Launched less than 24 Hours back on Pancakeswap | Contract Ownership has been renounced | Audited |

r/CryptoCurrencySee Post

The Post FTX world, same old exchange centralization problem and where we go from here: A few thoughts

Ben Armstrong Spreads FUD Calls on Solana, Asking Investors to Run

r/BitcoinSee Post

Possibility of 'bad actors' mining BTC at a loss

r/CryptoCurrencySee Post

Binance does NOT want you to withdraw your funds

r/BitcoinSee Post

BlueWallet watch-only

I participated in the Cointest for Moons and won second place with parallel pro and con arguments.

[SERIOUS] Warning about WBTC & STETH depeg

CoinList addresses 'FUD' on withdrawals, cites technical issues for delays

So CZ basically got owned and has now become a living meme for trying to manipulate the market.

The Alameda-Celsius Lover’s Quarrel

r/CryptoCurrencySee Post

Allright. Now that Coinbase has "dropped the mic" can some some of you calm down already?

r/CryptoCurrencySee Post

CZ Spreads Rumors About Coinbase’s BTC Reserves - Brian Armstrong Destroys the FUD by Reminding People That His Company Is Public.

CZ Spreads Rumors About Coinbase’s BTC Reserves — Brian Armstrong Destroys the FUD by Reminding People That His Company Is Public. Rather than spreading FUD amid the storm, CZ would do better to help restore confidence.

r/BitcoinSee Post

CZ Spreads Rumors About Coinbase’s BTC Reserves — Brian Armstrong Destroys the FUD by Reminding People That His Company Is Public. Rather than spreading FUD amid the storm, CZ would do better to help restore confidence.

CZ Spreads Rumors About Coinbase’s BTC Reserves — Brian Armstrong Destroys the FUD by Reminding People That His Company Is Public. Rather than spreading FUD amid the storm, CZ would do better to help restore confidence.

r/CryptoMarketsSee Post

CZ Spreads Rumors About Coinbase’s BTC Reserves — Brian Armstrong Destroys the FUD by Reminding People That His Company Is Public. Rather than spreading FUD amid the storm, CZ would do better to help restore confidence.

To focus too much on percentages can distort the picture

r/CryptoCurrencySee Post

Bitcoin Maximalist's FUD List after FTX implosion

worried about stables (usdc and busd) and crypto situation

Anyone know what's going on with stable coins on AAVE?

I use my Anti-Crypto boss as a buy signal.

There is extreme fear in the market

r/CryptoCurrencySee Post

FUD: No Longer the r/CC buzz word of the day

I believe Grayscale Trusts are about to make a rapid return to NAV

r/BitcoinSee Post

Will official recession affect crypto bottom?

Exchange exit may be possible buying opportunities?

r/CryptoCurrencySee Post

X is great, until it isn't

r/CryptoCurrencySee Post

The craziest FUD usually comes when a bottom may be approaching.

r/BitcoinSee Post

Ledger Nano S battery question

r/CryptoCurrencySee Post

Should we embrace Scam projects and FUD

r/CryptoCurrencySee Post

Counter-trading r/CC sentiment, wish me luck or bring on the fud!!

r/CryptoCurrencySee Post

No more exchanges, dapps and p2p only. DeFi 4 Lyfe

r/CryptoCurrencySee Post

We should thank the people that actually provided helpful information about the FTX-scandle to warn and help us all.

r/CryptoCurrencySee Post

Binance Sends Me A Mail | Assurance of My Funds Being SAFU and PRIORITU | Why Am I Still Unsure?

r/CryptoCurrencySee Post

Is Coinbase even safe right now?

r/BitcoinSee Post

Let’s hear some bitcoin FUD!

r/CryptoCurrencySee Post

I just moved all my funds out of CDC

r/BitcoinSee Post

I’m trying to get everyone I know to buy bitcoin, between all the people I have convinced they have probably invested 700k since bitcoin has hit 21k. Do you think this is smart?

r/CryptoCurrencySee Post

Hardware Wallet sales skyrocketed 300% over a week. People are starting to take it serious now.

r/CryptoCurrencySee Post

Don’t attribute the BTC and ETH price fluctuations to every single event. Please, don’t spread FUD!

r/CryptoCurrencySee Post

BitGo Trying To Raise Funds at $1.2B Valuation. Be careful, they could be next.

r/CryptoCurrencySee Post

Makes a whole lot of sense why some exchanges reduced some of their unsustainable rates over the past 12 months

r/CryptoCurrencySee Post

Silver Lining to the FTX Saga | 0.1 BTC Hodler Numbers Rises to 4 Million

r/BitcoinSee Post

First bear Market... How to survive?

r/CryptoCurrencySee Post

Just as FTX becomes last weeks's news, Russia allegedly fires on NATO country Poland

r/CryptoCurrencySee Post

Will it happen, or just FUD?

r/CryptoCurrencySee Post

One year later and I stand by it: Crypto.com will become the blue chip for exchanges.

r/CryptoCurrencySee Post

Crypto.com "Accidentally" Sent $400M in Ethereum to Competitor Gate.io Just Before Their 'Proof of Reserves', CEO of Crypto.com Calls Concerns ‘FUD’

r/CryptoCurrencySee Post

Crypto.com reducing all their benefits over the past year makes a lot of sense now.

r/CryptoCurrencySee Post

Nobody here wants crypto to fail, we just want a crypto without scammers. So stop calling valid concerns FUD.

r/CryptoCurrencySee Post

Clearing the waters around Crypto.com

r/CryptoMarketsSee Post

Buying your FTX tokens

r/CryptoCurrencySee Post

We should not blindly trust the current proof-of-reserves by exchanges, but we also should not spread overexegerated FUD.

r/CryptoCurrencySee Post

Beware of FUD and where it comes from.

r/CryptoMarketsSee Post

There's a lot of FUD coming from Mario Nawfal - be careful and check your sources.

Warning about Mario Nawfal and his recent FUD

Warning about Mario Nawful and his FUD

r/CryptoCurrencySee Post

Stable coins earning yield vs not your keys not your coins!

r/CryptoMarketsSee Post

There's a lot of FUD coming from Mario Nawful - be careful and check your sources.

r/CryptoMarketsSee Post

Not trying to throw cold water or FUD at Rocketpool, but aren't you all suspicious of the high yield 10.03% APR for liquid token rETH? It just doesn't make sense when the going rate is at 4.4% APR, as disclosed at the Ethereum Foundation website. Can someone explain the huge discrepancy? GLTA!!!

r/CryptoCurrencySee Post

Crypto com is not down and it will probably stay that way

r/CryptoCurrencySee Post

Interesting thread addressing Solana recent Crash and FUD

r/CryptoCurrencySee Post

The Irony of Cryptocurrency and Trust

r/CryptoCurrencySee Post

Just a thought if CDC in fact has 1:1 assets, I think this is doing them a favour long term.

r/BitcoinSee Post

I'm so bullish on Bitcoin and for only 1 reason

r/CryptoCurrencySee Post

As someone from 2017, I feel like FUD is at ATH

r/CryptoCurrencySee Post

Solana will survive and thrive in the next bull market despite the FUD

r/CryptoCurrencySee Post

Whats with the FUD for cryptocom?

r/CryptoCurrencySee Post

In a Funny Twist for Crypto.com, Purchasing CRO with the App is Not Working

r/CryptoCurrencySee Post

crypto exchanges, disclosure of liabilities, FUD & speculation.

r/CryptoCurrencySee Post

Looking for a good non-custodial wallet to easily trade BTC and ERC-20 tokens after all this CEX FUD. What do you guys think about Atomic Wallet?

r/CryptoCurrencySee Post

Today is "post FUD about Binance and CZ" day

r/CryptoCurrencySee Post

The longer crypto market moves sideways, the better it is for the longterm

r/CryptoCurrencySee Post

Binance-linked blockchain hit by $570 million crypto hack on October and there was no FUD. Losing trust towards CZ after what he done to the industry recently.

r/CryptoCurrencySee Post

People please just chill

r/CryptoCurrencySee Post

Time to leave this space for awhile

r/CryptoCurrencySee Post

Crypto.com has massively slowed withdrawls

r/CryptoCurrencySee Post

CRYPTO.COM Ethereum Wallet Transfer Happened on October 21... 3 weeks ago.

r/CryptoCurrencySee Post

Crypto.com Accidentally Sent $400M in Ethereum to Wrong Address, CEO Calls Concerns ‘FUD’

Mentions

When I start seeing Coinbase FUD I know we are close to the bottom.

Mentions:#FUD

#Ethereum Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has drastically changed in the past year now that it has rebranded itself as **Consensus/Settlement layer** for other Layer 2 Execution/Rollup networks. It is no longer trying to be a monolithic blockchain by itself. Because of this shift in design, many of its former CONs are no longer major issues. And many of the CONs that still exist often have a beneficial sides. > > I discuss the CONs of Ethereum and their impact on its users here: > > ## CONs > > **Gas Fees** (major): > > The biggest complaint for Ethereum is its network gas fees. Every transaction needs gas to pay for storage and processing power, and gas prices vary based on demand. Gas price is very volatile and often changes 2-5x in magnitude within the same day. ERC20 transfers are used for a large percentage of cryptocurrencies, and it's the reason much of DeFi is extremely expensive. If I wanted to send ERC20 tokens between exchanges, it's often cheaper to trade for XRP, ALGO, or some other microtransaction coin, transfer it using their other coin's native network, and then trade back into the original token. Basically: use a coin on a different network to avoid fees. > > Typical transaction fees for Ethereum were [between $2-10 over the past year](https://etherscan.io/chart/avg-txfee-usd), but they have shot up to $50+ several times in 2021. > > And that's just for basic transactions. Anyone who has tried to use more complex smart contracts like moving MATIC from Polygon mainnet back to ETH L1 mainnet during a time of high gas fees mid-year in 2021 saw $100-$200 gas fees. Transferring ERC-20 tokens (often $20-50) is also more gas expensive because it can't be done through native transfers like on the Cardano network. It's impractical to use swaps like Uniswap for small transactions due to these fees. > > In particular, One/Many-to-many batch transactions are extremely gas-expensive using Ethereum's account-based model compared to Bitcoin's and Cardano's UXTO-based model. [This batch transaction on Ethereum](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) cost over $5000 while [a similar eUXTO transaction on Cardano](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) only cost $0.50 in fees. > > On the other hand, these fees provide Ethereum long-term economic sustainability and resilience against DDoS and spam attacks. > > **Competition from other Smart Contract networks** (moderate): > > Ethereum has enjoyed its lead as the smart contract blockchain due to first-mover advantage. But there are now many efficient smart contract competitors like Algorand, Solana, and Cardano. Ethereum is now facing much competition. Who wants to pay $20 gas fees on Ethereum when you can get similar transactions for under $0.01 with Algo and Solana or $0.30 transactions with Cardano? > > Fortunately, the amount of competition is limited because Ethereum is positioning itself as a Settlement layer whereas these other networks are monolithic networks. All monolithic networks will eventually run into scaling issues due to long-term storage and bandwidth limits. It will really depend on how successful Ethereum's Layer 2 rollup solutions will be. > > **Future uncertainty about Layer 2 solutions** (major): > > Ethereum's long-term success is dependent on the success of its Layer 2 solutions. > > These Layer 2 solutions are still extremely early. Even after a year, L2 has a very fragmented adoption. The majority of centralized exchanges currently do not support Layer 2 rollup networks. A few have started to support Polygon, which is more of a Layer 2 side-chain that saves state every 256 blocks than a Layer 2 rollup. Very few CEXs allow for direct fiat on/off-ramping on L2 networks, which puts those networks out of reach of most users. > > Many of these Layer 2 networks (Arbitrum, Optimism, Loopring, ZKSync, etc), are not interoperable with each other. You can store your tokens on any specific L2 network, but they're stuck there. If you want to move your tokens back to Layer 1 or to another L2 network, you have to pay very expensive smart contract gas fees ($50-300). Eventually, there will be bridges between these networks, but we could be years away from widespread adoption. > > Fragmented liquidity is another huge issue. Each of these L2 networks has its own liquidity pool for each token it supports. You can store your token on the the L2 network, but you won't be able to trade or swap much if there are no liquidity pools for that token. Eventually, there will be Dynamic Automated Market Makers (dAMMs) that can share liquidity between networks, but they are complex and introduce their own weaknesses. > > Both Optimistic and ZK Rollups are handled off-chain and require a separate network nodes or smart contracts as infrastructure to validate transactions or generate ZK Proofs. They are very centralized in how they operate, so there's always the risk that their network operators could cheat their customers. By now, the community seems to agree that ZK rollups are the future rollup solution to decentralized L2 networks. There is only 1 notable instance of Plasma (Ethereum to Polygon network conversion), and no one uses it anymore since the Ethereum-Polygon bridge is easier to use. The biggest competitor to ZK rollups are Optimistic rollups, and those take too long to settle back to Layer 1 (1 week) and are still too expensive to use (20-50% of the cost of L1 Ethereum gas fees for transfers). > > **ZK Rollups** require special infrastructure to generate ZK Proofs. These are very computationally-expensive, potentially [thousands of times](https://vitalik.ca/general/2021/01/05/rollup.html) more expensive that just doing the computation directly. To reduce the cost, they are done completely-centralized by specialized servers. Thus the cost of a ZK Rollup is cheap at about [$0.10 to $.30](https://l2fees.info/). But even at $0.10 per transfer and $0.50 per swap, these are still at least 10x more expensive than costs on Algorand and Solana. Users will have to decide whether the extra cost and hassle of using an L2 platform is worth the extra security of settling on the more-decentralized and secure Ethereum L1 network. > > **Ethereum Proof-of-Stake merge is arriving later than competitors** (moderate): > > The ETH PoS Beacon chain has been released, it's a completely separate blockchain from ETH and won't merge with the main blockchain [until later this year](https://decrypt.co/78690/ethereum-2-staking-tops-21-billion-merge-horizon), giving its competitors plenty of time to provide FUD. We still don't know how successful the merge will be. Currently, stakes are locked, preventing investors from selling. We don't know what will happen to the price once staking unlocks. > > **MEV and Dark Forest attacks** (minor): > > [MEV](https://np.reddit.com/r/MPlankton/comments/rs4wp2/the_dark_forest_of_cryptocurrency/) is actually a pretty big issue for networks with high gas arbitrage and mempools like Ethereum, but most casual users will never notice hostile arbitrage. When you broadcast your transaction to the network, there are armies of bots and automated miners that analyze your transaction to see if they can perform arbitrage strategies on your transaction such as front-running, sandwiching, excluding transactions, stealing/replaying transactions, and other pure-profit plays. "Dark Forest" attacks have reveled that bots are constantly monitoring the network, and they can front-run you unless you have your own private army of miners. > > **Final Word** > > Overall, I still think the PROs outweigh the CONs for Ethereum in the long-run due to its first-mover advantage and the long-term sustainability of the Ethereum network. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2luf/top_10_ethereum_conarguments_january_2022/) to be taken to the original topic-thread 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/z97v8h/daily_general_discussion_december_1_2022_gmt0/).

You know layoffs were not the only reason those other exchanges came under fire, right? The reason massive layoffs at other exchanges has more FUD is because there were many other factors making these other exchanges highly questionable. Kraken has spent a decade running a proper exchange and has benefitted from the reputation that has given them.

Mentions:#FUD

I knew banks wouldn’t like crypto before anyone even called it cryptocurrency So their opinions are all FUD

Mentions:#FUD

For fuck's sake give the Tether FUD a rest.

Mentions:#FUD

North Korea is like first on the list for FUD in the world. Anytime the IMF gets nervous they call up NK and let them go to work. Quit listening to this BS.

Mentions:#FUD

Want to know how I know crypto is going to be around for a while? Because every single day the same news outlets (financial times, Forbes, etc. you name it) post the same FUD articles about crypto. If something was truly dying it would die with a whimper and nobody would notice.

Mentions:#FUD

I'm sketched out by tether too, but in defence of the FUD argument some of the info in that video is out of date. Particularly they have replaced their commercial paper holdings with treasuries over the last few months, so if their reporting on their holdings is correct (big if) then they have the money to back up their market cap in relatively stable assets. Not clear what the auditing procedures are for that, personally wouldn't recommend holding tether but there's no known glaring hole in their balance sheet anymore https://www.coindesk.com/business/2022/10/13/stablecoin-issuer-tether-cuts-commercial-paper-holdings-to-zero/?outputType=amp

Mentions:#FUD

During the next bull market we need to start calling ourselves "cockroaches." They keep dropping nuclear FUD on us but we still survived.

Mentions:#FUD

Those comments are usually misrepresenting the facts. Algorand Inc and the Algorand Foundation hold large sums of ALGO. Inc uses theirs to fund operations, payroll, etc., and the AF uses theirs to drive adoption through marketing, grants, etc. All of that was outlined in the transparent tokenomics from the beginning and there are regular updates to disclose activity and changes. VCs and early investors bought cheap. And relay node operators have been rewarded handsomely. Accelerated vesting was originally projected to happen over several years. The release of ALGO was scheduled by algorithm. Accelerated vesting ended YEARS AHEAD OF SCHEDULE due to overwhelming demand. It's over! This means most of the remaining supply will be released between now and 2030 as governance rewards. Inflation has plummeted and only goes down from here. The talk of dumping is usually generic and lacking of any detail supporting the (FUD) claims. The tokenomics attack is usually just bullshit from people that haven't bothered with the tiniest of DD or from threatened competitors/maxis.

Mentions:#ALGO#FUD

No man, forget the Coinbase FUD. Or take advantage of it...

Mentions:#FUD

The only tool anyone perceives they have against a decentralized network: FUD. What can they do but cast doubt for the ears of anyone foolish enough to listen.

Mentions:#FUD

>I just emailed transferred someone $9,000. It was free, the money arrived in under two minutes, and it didn't raise the global temperature by 0.0005 degrees. Unless I disclose the details of the transaction to you, no one will ever know I did so. What about the email provider you used? Could they have access to those details? Also, the email messaging protocol doesn't have good encryption by default. And last, if a company provides that kind of service for free, you are the product. Aside from that, I would say: use the lightning network to send bitcoin with almost no fees, or another chain like monero or zcash for privacy and low fees. Use blockchain domains for managing public addresses. The US army spends 100x more energy compared to bitcoin (but warfare is more important than financial freedom I guess). >you guys are both delusional and unintelligent. Banks don't give a flying fuck about your made up climate hate crime. It poses exactly zero threat to them, and it never will. If you stopped buying mainstream media FUD for a moment and think you would see what most of us see here at r/cc. I don't know why nocoiners like you come into this place and start commenting nonsense. Is just worthless.

Mentions:#FUD

Posting tether FUD is a sure sign that it's your first year in crypto

Mentions:#FUD

It should also be noted that the “automatic staking” can easily be shut off by the user at any time. Why are people trying so hard to generate Coinbase FUD? They’ve answered just about every concern. And ultimately, it’s up to the user to learn the golden rule of crypto anyway (NYKNYC).

Mentions:#FUD

*checks notes* all commercial banks have massive server farms, large buildings that require electricity and gas? This is notion that bitcoin is any worse than the existing banking system is FUD, IMO.

Mentions:#FUD#IMO

I guess the point is the best thing you can do, to avoid the FUD, is to enter a self-induced comma, and wake up in 18 months or so. Not a bad idea.....

Mentions:#FUD

Damn bro, its you again spreading FUD? Did you lost all your crypto with some exchange or why are you so salty ? Literaly first comment from rednrusty debunked your spreading of FUD [https://www.reddit.com/r/CryptoCurrency/comments/z72hm7/nexo\_is\_full\_of\_red\_flags\_and\_could\_be\_the\_next/?utm\_source=share&utm\_medium=web2x&context=3](https://www.reddit.com/r/CryptoCurrency/comments/z72hm7/nexo_is_full_of_red_flags_and_could_be_the_next/?utm_source=share&utm_medium=web2x&context=3) [https://imgur.com/a/6J7kg8W](https://imgur.com/a/6J7kg8W) Same time on Saturday?

Mentions:#FUD

That's a pretty long post seeing you didn't even check how they operate. Ust/Luna fast depreciation was automatically handled using liquidation, a single asset dropping even 100% of value wouldn't affect them much. It is trust based in the sense that their risk team has to manage assets in stormy weather, but they dodged everything for now. I feel they at least earned correct information and not FUD, they have been explaining their operations in detail for quite some time now, check it, it's interesting.

Mentions:#FUD

It writes like a high school essay. It's odd. Like no effort and parroting alot of the usual FUD with no substance. The consuming of hardware is just baffling.

Mentions:#FUD

Just gotta ask for upvotes my friend! Or add some FUD/shill/nonsense posts!

Mentions:#FUD

Lol When they spread FUD time to buy and the opposite... Bangksters🤷😂

Mentions:#FUD

Chia. Truly incredible tech. The most decentralized blockchain in existence, uses PoST which is a great answer to PoW, and an amazing token/NFT system that uses their Offers service, which basically allows you to trade any token for any other token without an exchange. The problem? So much FUD was created when Chia first launched regarding how it kills SSDs, that it became misinformation in many articles. So many throw away Chia because of this and its price action. The truth is, plotting has become incredibly more efficient, at least 4x and for more, far higher. And once you plot your farms, that's it, they live their forever to be farmed. It's truly an incredible project, one for the future, it's just too bad people misunderstand the SSD issue.

Mentions:#FUD#SSD

LMAO. Countries are adopting it more and more, lightning is scalable, services themselves are adopting it more. Like I can go return change to a coinstar and get bitcoin now (not new, but is now available where I am). I only see adoption ramping up. Nice FUD you got there ECB.

Mentions:#FUD

Cringard Lagarde How much she got paid for this FUD I wonder

Mentions:#FUD

With the recent FUD for exchanges this news just resurfaced but it's indeed old news.

Mentions:#FUD

lol now even Central Banks talk like they know shit and spread FUD We could say the same about Banks lmao

Mentions:#FUD

You'd like that I'm sure. I think I'll stay up. I'm really not convinced that traditional thinking applies to this asset. Fundamentals are still fine. Bitcoin continues to operate exactly as it should. The bears control the narrative only until they don't. All it takes is a change in minds. You can keep your FUD.

Mentions:#FUD

FUD - why shouldn’t they survive

Mentions:#FUD

#Ethereum Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has drastically changed in the past year now that it has rebranded itself as **Consensus/Settlement layer** for other Layer 2 Execution/Rollup networks. It is no longer trying to be a monolithic blockchain by itself. Because of this shift in design, many of its former CONs are no longer major issues. And many of the CONs that still exist often have a beneficial sides. > > I discuss the CONs of Ethereum and their impact on its users here: > > ## CONs > > **Gas Fees** (major): > > The biggest complaint for Ethereum is its network gas fees. Every transaction needs gas to pay for storage and processing power, and gas prices vary based on demand. Gas price is very volatile and often changes 2-5x in magnitude within the same day. ERC20 transfers are used for a large percentage of cryptocurrencies, and it's the reason much of DeFi is extremely expensive. If I wanted to send ERC20 tokens between exchanges, it's often cheaper to trade for XRP, ALGO, or some other microtransaction coin, transfer it using their other coin's native network, and then trade back into the original token. Basically: use a coin on a different network to avoid fees. > > Typical transaction fees for Ethereum were [between $2-10 over the past year](https://etherscan.io/chart/avg-txfee-usd), but they have shot up to $50+ several times in 2021. > > And that's just for basic transactions. Anyone who has tried to use more complex smart contracts like moving MATIC from Polygon mainnet back to ETH L1 mainnet during a time of high gas fees mid-year in 2021 saw $100-$200 gas fees. Transferring ERC-20 tokens (often $20-50) is also more gas expensive because it can't be done through native transfers like on the Cardano network. It's impractical to use swaps like Uniswap for small transactions due to these fees. > > In particular, One/Many-to-many batch transactions are extremely gas-expensive using Ethereum's account-based model compared to Bitcoin's and Cardano's UXTO-based model. [This batch transaction on Ethereum](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) cost over $5000 while [a similar eUXTO transaction on Cardano](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) only cost $0.50 in fees. > > On the other hand, these fees provide Ethereum long-term economic sustainability and resilience against DDoS and spam attacks. > > **Competition from other Smart Contract networks** (moderate): > > Ethereum has enjoyed its lead as the smart contract blockchain due to first-mover advantage. But there are now many efficient smart contract competitors like Algorand, Solana, and Cardano. Ethereum is now facing much competition. Who wants to pay $20 gas fees on Ethereum when you can get similar transactions for under $0.01 with Algo and Solana or $0.30 transactions with Cardano? > > Fortunately, the amount of competition is limited because Ethereum is positioning itself as a Settlement layer whereas these other networks are monolithic networks. All monolithic networks will eventually run into scaling issues due to long-term storage and bandwidth limits. It will really depend on how successful Ethereum's Layer 2 rollup solutions will be. > > **Future uncertainty about Layer 2 solutions** (major): > > Ethereum's long-term success is dependent on the success of its Layer 2 solutions. > > These Layer 2 solutions are still extremely early. Even after a year, L2 has a very fragmented adoption. The majority of centralized exchanges currently do not support Layer 2 rollup networks. A few have started to support Polygon, which is more of a Layer 2 side-chain that saves state every 256 blocks than a Layer 2 rollup. Very few CEXs allow for direct fiat on/off-ramping on L2 networks, which puts those networks out of reach of most users. > > Many of these Layer 2 networks (Arbitrum, Optimism, Loopring, ZKSync, etc), are not interoperable with each other. You can store your tokens on any specific L2 network, but they're stuck there. If you want to move your tokens back to Layer 1 or to another L2 network, you have to pay very expensive smart contract gas fees ($50-300). Eventually, there will be bridges between these networks, but we could be years away from widespread adoption. > > Fragmented liquidity is another huge issue. Each of these L2 networks has its own liquidity pool for each token it supports. You can store your token on the the L2 network, but you won't be able to trade or swap much if there are no liquidity pools for that token. Eventually, there will be Dynamic Automated Market Makers (dAMMs) that can share liquidity between networks, but they are complex and introduce their own weaknesses. > > Both Optimistic and ZK Rollups are handled off-chain and require a separate network nodes or smart contracts as infrastructure to validate transactions or generate ZK Proofs. They are very centralized in how they operate, so there's always the risk that their network operators could cheat their customers. By now, the community seems to agree that ZK rollups are the future rollup solution to decentralized L2 networks. There is only 1 notable instance of Plasma (Ethereum to Polygon network conversion), and no one uses it anymore since the Ethereum-Polygon bridge is easier to use. The biggest competitor to ZK rollups are Optimistic rollups, and those take too long to settle back to Layer 1 (1 week) and are still too expensive to use (20-50% of the cost of L1 Ethereum gas fees for transfers). > > **ZK Rollups** require special infrastructure to generate ZK Proofs. These are very computationally-expensive, potentially [thousands of times](https://vitalik.ca/general/2021/01/05/rollup.html) more expensive that just doing the computation directly. To reduce the cost, they are done completely-centralized by specialized servers. Thus the cost of a ZK Rollup is cheap at about [$0.10 to $.30](https://l2fees.info/). But even at $0.10 per transfer and $0.50 per swap, these are still at least 10x more expensive than costs on Algorand and Solana. Users will have to decide whether the extra cost and hassle of using an L2 platform is worth the extra security of settling on the more-decentralized and secure Ethereum L1 network. > > **Ethereum Proof-of-Stake merge is arriving later than competitors** (moderate): > > The ETH PoS Beacon chain has been released, it's a completely separate blockchain from ETH and won't merge with the main blockchain [until later this year](https://decrypt.co/78690/ethereum-2-staking-tops-21-billion-merge-horizon), giving its competitors plenty of time to provide FUD. We still don't know how successful the merge will be. Currently, stakes are locked, preventing investors from selling. We don't know what will happen to the price once staking unlocks. > > **MEV and Dark Forest attacks** (minor): > > [MEV](https://np.reddit.com/r/MPlankton/comments/rs4wp2/the_dark_forest_of_cryptocurrency/) is actually a pretty big issue for networks with high gas arbitrage and mempools like Ethereum, but most casual users will never notice hostile arbitrage. When you broadcast your transaction to the network, there are armies of bots and automated miners that analyze your transaction to see if they can perform arbitrage strategies on your transaction such as front-running, sandwiching, excluding transactions, stealing/replaying transactions, and other pure-profit plays. "Dark Forest" attacks have reveled that bots are constantly monitoring the network, and they can front-run you unless you have your own private army of miners. > > **Final Word** > > Overall, I still think the PROs outweigh the CONs for Ethereum in the long-run due to its first-mover advantage and the long-term sustainability of the Ethereum network. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2luf/top_10_ethereum_conarguments_january_2022/) to be taken to the original topic-thread 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/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

Conveniently snipped out a certain section, plus stop with random FUD with no substance

Mentions:#FUD

#Ethereum Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has drastically changed in the past year now that it has rebranded itself as **Consensus/Settlement layer** for other Layer 2 Execution/Rollup networks. It is no longer trying to be a monolithic blockchain by itself. Because of this shift in design, many of its former CONs are no longer major issues. And many of the CONs that still exist often have a beneficial sides. > > I discuss the CONs of Ethereum and their impact on its users here: > > ## CONs > > **Gas Fees** (major): > > The biggest complaint for Ethereum is its network gas fees. Every transaction needs gas to pay for storage and processing power, and gas prices vary based on demand. Gas price is very volatile and often changes 2-5x in magnitude within the same day. ERC20 transfers are used for a large percentage of cryptocurrencies, and it's the reason much of DeFi is extremely expensive. If I wanted to send ERC20 tokens between exchanges, it's often cheaper to trade for XRP, ALGO, or some other microtransaction coin, transfer it using their other coin's native network, and then trade back into the original token. Basically: use a coin on a different network to avoid fees. > > Typical transaction fees for Ethereum were [between $2-10 over the past year](https://etherscan.io/chart/avg-txfee-usd), but they have shot up to $50+ several times in 2021. > > And that's just for basic transactions. Anyone who has tried to use more complex smart contracts like moving MATIC from Polygon mainnet back to ETH L1 mainnet during a time of high gas fees mid-year in 2021 saw $100-$200 gas fees. Transferring ERC-20 tokens (often $20-50) is also more gas expensive because it can't be done through native transfers like on the Cardano network. It's impractical to use swaps like Uniswap for small transactions due to these fees. > > In particular, One/Many-to-many batch transactions are extremely gas-expensive using Ethereum's account-based model compared to Bitcoin's and Cardano's UXTO-based model. [This batch transaction on Ethereum](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) cost over $5000 while [a similar eUXTO transaction on Cardano](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) only cost $0.50 in fees. > > On the other hand, these fees provide Ethereum long-term economic sustainability and resilience against DDoS and spam attacks. > > **Competition from other Smart Contract networks** (moderate): > > Ethereum has enjoyed its lead as the smart contract blockchain due to first-mover advantage. But there are now many efficient smart contract competitors like Algorand, Solana, and Cardano. Ethereum is now facing much competition. Who wants to pay $20 gas fees on Ethereum when you can get similar transactions for under $0.01 with Algo and Solana or $0.30 transactions with Cardano? > > Fortunately, the amount of competition is limited because Ethereum is positioning itself as a Settlement layer whereas these other networks are monolithic networks. All monolithic networks will eventually run into scaling issues due to long-term storage and bandwidth limits. It will really depend on how successful Ethereum's Layer 2 rollup solutions will be. > > **Future uncertainty about Layer 2 solutions** (major): > > Ethereum's long-term success is dependent on the success of its Layer 2 solutions. > > These Layer 2 solutions are still extremely early. Even after a year, L2 has a very fragmented adoption. The majority of centralized exchanges currently do not support Layer 2 rollup networks. A few have started to support Polygon, which is more of a Layer 2 side-chain that saves state every 256 blocks than a Layer 2 rollup. Very few CEXs allow for direct fiat on/off-ramping on L2 networks, which puts those networks out of reach of most users. > > Many of these Layer 2 networks (Arbitrum, Optimism, Loopring, ZKSync, etc), are not interoperable with each other. You can store your tokens on any specific L2 network, but they're stuck there. If you want to move your tokens back to Layer 1 or to another L2 network, you have to pay very expensive smart contract gas fees ($50-300). Eventually, there will be bridges between these networks, but we could be years away from widespread adoption. > > Fragmented liquidity is another huge issue. Each of these L2 networks has its own liquidity pool for each token it supports. You can store your token on the the L2 network, but you won't be able to trade or swap much if there are no liquidity pools for that token. Eventually, there will be Dynamic Automated Market Makers (dAMMs) that can share liquidity between networks, but they are complex and introduce their own weaknesses. > > Both Optimistic and ZK Rollups are handled off-chain and require a separate network nodes or smart contracts as infrastructure to validate transactions or generate ZK Proofs. They are very centralized in how they operate, so there's always the risk that their network operators could cheat their customers. By now, the community seems to agree that ZK rollups are the future rollup solution to decentralized L2 networks. There is only 1 notable instance of Plasma (Ethereum to Polygon network conversion), and no one uses it anymore since the Ethereum-Polygon bridge is easier to use. The biggest competitor to ZK rollups are Optimistic rollups, and those take too long to settle back to Layer 1 (1 week) and are still too expensive to use (20-50% of the cost of L1 Ethereum gas fees for transfers). > > **ZK Rollups** require special infrastructure to generate ZK Proofs. These are very computationally-expensive, potentially [thousands of times](https://vitalik.ca/general/2021/01/05/rollup.html) more expensive that just doing the computation directly. To reduce the cost, they are done completely-centralized by specialized servers. Thus the cost of a ZK Rollup is cheap at about [$0.10 to $.30](https://l2fees.info/). But even at $0.10 per transfer and $0.50 per swap, these are still at least 10x more expensive than costs on Algorand and Solana. Users will have to decide whether the extra cost and hassle of using an L2 platform is worth the extra security of settling on the more-decentralized and secure Ethereum L1 network. > > **Ethereum Proof-of-Stake merge is arriving later than competitors** (moderate): > > The ETH PoS Beacon chain has been released, it's a completely separate blockchain from ETH and won't merge with the main blockchain [until later this year](https://decrypt.co/78690/ethereum-2-staking-tops-21-billion-merge-horizon), giving its competitors plenty of time to provide FUD. We still don't know how successful the merge will be. Currently, stakes are locked, preventing investors from selling. We don't know what will happen to the price once staking unlocks. > > **MEV and Dark Forest attacks** (minor): > > [MEV](https://np.reddit.com/r/MPlankton/comments/rs4wp2/the_dark_forest_of_cryptocurrency/) is actually a pretty big issue for networks with high gas arbitrage and mempools like Ethereum, but most casual users will never notice hostile arbitrage. When you broadcast your transaction to the network, there are armies of bots and automated miners that analyze your transaction to see if they can perform arbitrage strategies on your transaction such as front-running, sandwiching, excluding transactions, stealing/replaying transactions, and other pure-profit plays. "Dark Forest" attacks have reveled that bots are constantly monitoring the network, and they can front-run you unless you have your own private army of miners. > > **Final Word** > > Overall, I still think the PROs outweigh the CONs for Ethereum in the long-run due to its first-mover advantage and the long-term sustainability of the Ethereum network. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2luf/top_10_ethereum_conarguments_january_2022/) to be taken to the original topic-thread 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/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

They FUD from lay-offs is a bit extreme around these parts. Coinbase and crypto.com both layed off staff and if you came here you'd think both companies went under.

Mentions:#FUD

not enough FUD, this company is dead to me.

Mentions:#FUD

#Cosmos Con-Arguments Below is an argument written by Shippior which won 1st place in the Cosmos Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > [Cosmos](https://cosmos.network/) ([ATOM](https://www.coingecko.com/en/coins/cosmos-hub)) is a dPoS blockchain. Often it is named in the list of 3rd generation blockchains like ADA, DOT, ALGO, etc. As one can already see it has a lot of competition. As of yet it has to endure at least ADA, DOT and AVAX being above in market cap. Even Cronos (CRO) which is based on the Cosmos SDK has a higher market cap than ATOM itself. This proves that so far ATOM hasnt been really popular with the people and it is resembled by the lack of marketing for the chain. > > To be able to get a better comparison between ATOM and it's competitors first it should be explained better what the vision and role of Cosmos is. Cosmos Hub acts as a security relayer for the Cosmos cryptoverse. There are no smart contracts on the Cosmos chain itself and there is limited governance available. It's main reason is to secure the IBC (inter blockchain connection) network which allows all chains within the Cosmos network to easily communicate with each other. > > Currently there is a debate happening, backed up by a governance proposal, to allow the use of smart contract (implement CosmWasm which is the smart contract enabler on Cosmos network). However this has been met with fierce arguments between pro and con groups, the con group being led by [Jae Kwon](https://twitter.com/jaekwon) one of the main developers of Cosmos who treathens to make his own chain. All in all this discussion might be beneficial going forward but it does deliver a lot of FUD to the community (there is a lot of FUD currently in the Cosmos network, but that is a whole different story). > > Due to the current position of Cosmos Hub, only ensuring security, the discussion has come up in the community what the use is of the ATOM coin. It provides no incentive but a low APR for staking, the lock-up period of 21 days is significantly longer than for many of its competitors, and there are a lot of coins in the Cosmos network available that are more usefull for using in DeFi. As of now ATOM is valuable because a lot of aidrops are based on the amount of ATOM a person has staked, but who knows what happens with the price of ATOM once the airdrops dry up. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/sifdml/coin_inquiries_cosmos_conarguments_february_2022/) to be taken to the original topic-thread or you can scan through the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Cosmos) 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/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

At least 99% of "whale does this" posts here is sure just some exchanges. Always have been like this in this sub. For either FUD or hopium purposes I guess.

Mentions:#FUD

When other exchange cut back, oh no run for the hills, there going bankrupt. When Kraken cut back, they are absolutely they best, see how they cut back to save the company. This sub is full of FUD hounds trying to get you to come to there exchange. Can’t make this shiiit up.

Mentions:#FUD

Yall really want things to go to 0, huh? So much FUD and here comes the daily dose of USDT FUD. Just stop already, this doesn't help anyone unless I guess if you are shorting and want to FUD the market to try to drive things lower.

Mentions:#FUD#USDT

Lol, this is FUD bullshit. The minimum to stake is literally zero because you automatically begin accruing rewards with any recognized, stakeable assets once they land in your Coinbase wallet. Only ETH staking requires approval because you're locking up your assets to support the Coinbase node and they aren't immediately accessible. Every other reputable exchange does this exact same thing and no one complains about it.

Mentions:#FUD#ETH

Oh look, this topic for the 47,783,219th time. This is just part of the FUD cycle. After a decade or so you start to ignore it.

Mentions:#FUD

FUD is worth the moons apparently.

Mentions:#FUD

Just in case you don't know and to avoid FUD, LedgerX has nothing related to Ledger hardware wallet.

Mentions:#FUD

So when one exchange cuts staff, it’s FUD, but when Kraken does it it’s ‘preparations’

Mentions:#FUD

Ah I see, so all of the Binance FUD from Americans in this sub was really copium for its fav exchange, Kraken.

Mentions:#FUD

Bro, your literally creating FUD. The way this works, say you buy 1000 ALGO today, it starts giving you staking fees, automatically. It will tell you your earning APY etc. You can turn this off if you don’t want to participate.

Mentions:#FUD#ALGO

Another type of FUD

Mentions:#FUD

They spread FUD so they can launch their other shitcoin CBDC

Mentions:#FUD

Wow, FUD at this level is seriously bullish signaling.

Mentions:#FUD

Not sure how this is FUD. She basically said a year ago that she was worried that crypto exchanges could implode. Well, many of them have. Now, I don't agree with much of what she says about crypto or how she wants to regulate it, but that doesn't mean something she said last year that came to happen is FUD.

Mentions:#FUD

Said every bear market FUD article 🥱….

Mentions:#FUD

If central banks **really** wanted to FUD people out of crypto, they should start being excited about it. Central bunks fudding crypto just makes crypto people buy more. But if suddenly all central banks like a choir started saying "we are ALL in on crypto and you ALL should be too!", everyone would go "whoa, what the fuck is going on here". Now that would be some real uncertainty and doubt.

Mentions:#FUD

Good Crypto Winter FUD. Take note and act accordingly.

Mentions:#FUD

Spreading FUD so they can lauch they're shitcoin CBDC

Mentions:#FUD

#Ethereum Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has drastically changed in the past year now that it has rebranded itself as **Consensus/Settlement layer** for other Layer 2 Execution/Rollup networks. It is no longer trying to be a monolithic blockchain by itself. Because of this shift in design, many of its former CONs are no longer major issues. And many of the CONs that still exist often have a beneficial sides. > > I discuss the CONs of Ethereum and their impact on its users here: > > ## CONs > > **Gas Fees** (major): > > The biggest complaint for Ethereum is its network gas fees. Every transaction needs gas to pay for storage and processing power, and gas prices vary based on demand. Gas price is very volatile and often changes 2-5x in magnitude within the same day. ERC20 transfers are used for a large percentage of cryptocurrencies, and it's the reason much of DeFi is extremely expensive. If I wanted to send ERC20 tokens between exchanges, it's often cheaper to trade for XRP, ALGO, or some other microtransaction coin, transfer it using their other coin's native network, and then trade back into the original token. Basically: use a coin on a different network to avoid fees. > > Typical transaction fees for Ethereum were [between $2-10 over the past year](https://etherscan.io/chart/avg-txfee-usd), but they have shot up to $50+ several times in 2021. > > And that's just for basic transactions. Anyone who has tried to use more complex smart contracts like moving MATIC from Polygon mainnet back to ETH L1 mainnet during a time of high gas fees mid-year in 2021 saw $100-$200 gas fees. Transferring ERC-20 tokens (often $20-50) is also more gas expensive because it can't be done through native transfers like on the Cardano network. It's impractical to use swaps like Uniswap for small transactions due to these fees. > > In particular, One/Many-to-many batch transactions are extremely gas-expensive using Ethereum's account-based model compared to Bitcoin's and Cardano's UXTO-based model. [This batch transaction on Ethereum](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) cost over $5000 while [a similar eUXTO transaction on Cardano](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) only cost $0.50 in fees. > > On the other hand, these fees provide Ethereum long-term economic sustainability and resilience against DDoS and spam attacks. > > **Competition from other Smart Contract networks** (moderate): > > Ethereum has enjoyed its lead as the smart contract blockchain due to first-mover advantage. But there are now many efficient smart contract competitors like Algorand, Solana, and Cardano. Ethereum is now facing much competition. Who wants to pay $20 gas fees on Ethereum when you can get similar transactions for under $0.01 with Algo and Solana or $0.30 transactions with Cardano? > > Fortunately, the amount of competition is limited because Ethereum is positioning itself as a Settlement layer whereas these other networks are monolithic networks. All monolithic networks will eventually run into scaling issues due to long-term storage and bandwidth limits. It will really depend on how successful Ethereum's Layer 2 rollup solutions will be. > > **Future uncertainty about Layer 2 solutions** (major): > > Ethereum's long-term success is dependent on the success of its Layer 2 solutions. > > These Layer 2 solutions are still extremely early. Even after a year, L2 has a very fragmented adoption. The majority of centralized exchanges currently do not support Layer 2 rollup networks. A few have started to support Polygon, which is more of a Layer 2 side-chain that saves state every 256 blocks than a Layer 2 rollup. Very few CEXs allow for direct fiat on/off-ramping on L2 networks, which puts those networks out of reach of most users. > > Many of these Layer 2 networks (Arbitrum, Optimism, Loopring, ZKSync, etc), are not interoperable with each other. You can store your tokens on any specific L2 network, but they're stuck there. If you want to move your tokens back to Layer 1 or to another L2 network, you have to pay very expensive smart contract gas fees ($50-300). Eventually, there will be bridges between these networks, but we could be years away from widespread adoption. > > Fragmented liquidity is another huge issue. Each of these L2 networks has its own liquidity pool for each token it supports. You can store your token on the the L2 network, but you won't be able to trade or swap much if there are no liquidity pools for that token. Eventually, there will be Dynamic Automated Market Makers (dAMMs) that can share liquidity between networks, but they are complex and introduce their own weaknesses. > > Both Optimistic and ZK Rollups are handled off-chain and require a separate network nodes or smart contracts as infrastructure to validate transactions or generate ZK Proofs. They are very centralized in how they operate, so there's always the risk that their network operators could cheat their customers. By now, the community seems to agree that ZK rollups are the future rollup solution to decentralized L2 networks. There is only 1 notable instance of Plasma (Ethereum to Polygon network conversion), and no one uses it anymore since the Ethereum-Polygon bridge is easier to use. The biggest competitor to ZK rollups are Optimistic rollups, and those take too long to settle back to Layer 1 (1 week) and are still too expensive to use (20-50% of the cost of L1 Ethereum gas fees for transfers). > > **ZK Rollups** require special infrastructure to generate ZK Proofs. These are very computationally-expensive, potentially [thousands of times](https://vitalik.ca/general/2021/01/05/rollup.html) more expensive that just doing the computation directly. To reduce the cost, they are done completely-centralized by specialized servers. Thus the cost of a ZK Rollup is cheap at about [$0.10 to $.30](https://l2fees.info/). But even at $0.10 per transfer and $0.50 per swap, these are still at least 10x more expensive than costs on Algorand and Solana. Users will have to decide whether the extra cost and hassle of using an L2 platform is worth the extra security of settling on the more-decentralized and secure Ethereum L1 network. > > **Ethereum Proof-of-Stake merge is arriving later than competitors** (moderate): > > The ETH PoS Beacon chain has been released, it's a completely separate blockchain from ETH and won't merge with the main blockchain [until later this year](https://decrypt.co/78690/ethereum-2-staking-tops-21-billion-merge-horizon), giving its competitors plenty of time to provide FUD. We still don't know how successful the merge will be. Currently, stakes are locked, preventing investors from selling. We don't know what will happen to the price once staking unlocks. > > **MEV and Dark Forest attacks** (minor): > > [MEV](https://np.reddit.com/r/MPlankton/comments/rs4wp2/the_dark_forest_of_cryptocurrency/) is actually a pretty big issue for networks with high gas arbitrage and mempools like Ethereum, but most casual users will never notice hostile arbitrage. When you broadcast your transaction to the network, there are armies of bots and automated miners that analyze your transaction to see if they can perform arbitrage strategies on your transaction such as front-running, sandwiching, excluding transactions, stealing/replaying transactions, and other pure-profit plays. "Dark Forest" attacks have reveled that bots are constantly monitoring the network, and they can front-run you unless you have your own private army of miners. > > **Final Word** > > Overall, I still think the PROs outweigh the CONs for Ethereum in the long-run due to its first-mover advantage and the long-term sustainability of the Ethereum network. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2luf/top_10_ethereum_conarguments_january_2022/) to be taken to the original topic-thread 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/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

Last year: Listens to tether FUD ➡️ puts money in UST ➡️ Pikachu face

Mentions:#FUD

So much FUD it’s ridiculous lmao

Mentions:#FUD

#Ethereum Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has drastically changed in the past year now that it has rebranded itself as **Consensus/Settlement layer** for other Layer 2 Execution/Rollup networks. It is no longer trying to be a monolithic blockchain by itself. Because of this shift in design, many of its former CONs are no longer major issues. And many of the CONs that still exist often have a beneficial sides. > > I discuss the CONs of Ethereum and their impact on its users here: > > ## CONs > > **Gas Fees** (major): > > The biggest complaint for Ethereum is its network gas fees. Every transaction needs gas to pay for storage and processing power, and gas prices vary based on demand. Gas price is very volatile and often changes 2-5x in magnitude within the same day. ERC20 transfers are used for a large percentage of cryptocurrencies, and it's the reason much of DeFi is extremely expensive. If I wanted to send ERC20 tokens between exchanges, it's often cheaper to trade for XRP, ALGO, or some other microtransaction coin, transfer it using their other coin's native network, and then trade back into the original token. Basically: use a coin on a different network to avoid fees. > > Typical transaction fees for Ethereum were [between $2-10 over the past year](https://etherscan.io/chart/avg-txfee-usd), but they have shot up to $50+ several times in 2021. > > And that's just for basic transactions. Anyone who has tried to use more complex smart contracts like moving MATIC from Polygon mainnet back to ETH L1 mainnet during a time of high gas fees mid-year in 2021 saw $100-$200 gas fees. Transferring ERC-20 tokens (often $20-50) is also more gas expensive because it can't be done through native transfers like on the Cardano network. It's impractical to use swaps like Uniswap for small transactions due to these fees. > > In particular, One/Many-to-many batch transactions are extremely gas-expensive using Ethereum's account-based model compared to Bitcoin's and Cardano's UXTO-based model. [This batch transaction on Ethereum](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) cost over $5000 while [a similar eUXTO transaction on Cardano](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) only cost $0.50 in fees. > > On the other hand, these fees provide Ethereum long-term economic sustainability and resilience against DDoS and spam attacks. > > **Competition from other Smart Contract networks** (moderate): > > Ethereum has enjoyed its lead as the smart contract blockchain due to first-mover advantage. But there are now many efficient smart contract competitors like Algorand, Solana, and Cardano. Ethereum is now facing much competition. Who wants to pay $20 gas fees on Ethereum when you can get similar transactions for under $0.01 with Algo and Solana or $0.30 transactions with Cardano? > > Fortunately, the amount of competition is limited because Ethereum is positioning itself as a Settlement layer whereas these other networks are monolithic networks. All monolithic networks will eventually run into scaling issues due to long-term storage and bandwidth limits. It will really depend on how successful Ethereum's Layer 2 rollup solutions will be. > > **Future uncertainty about Layer 2 solutions** (major): > > Ethereum's long-term success is dependent on the success of its Layer 2 solutions. > > These Layer 2 solutions are still extremely early. Even after a year, L2 has a very fragmented adoption. The majority of centralized exchanges currently do not support Layer 2 rollup networks. A few have started to support Polygon, which is more of a Layer 2 side-chain that saves state every 256 blocks than a Layer 2 rollup. Very few CEXs allow for direct fiat on/off-ramping on L2 networks, which puts those networks out of reach of most users. > > Many of these Layer 2 networks (Arbitrum, Optimism, Loopring, ZKSync, etc), are not interoperable with each other. You can store your tokens on any specific L2 network, but they're stuck there. If you want to move your tokens back to Layer 1 or to another L2 network, you have to pay very expensive smart contract gas fees ($50-300). Eventually, there will be bridges between these networks, but we could be years away from widespread adoption. > > Fragmented liquidity is another huge issue. Each of these L2 networks has its own liquidity pool for each token it supports. You can store your token on the the L2 network, but you won't be able to trade or swap much if there are no liquidity pools for that token. Eventually, there will be Dynamic Automated Market Makers (dAMMs) that can share liquidity between networks, but they are complex and introduce their own weaknesses. > > Both Optimistic and ZK Rollups are handled off-chain and require a separate network nodes or smart contracts as infrastructure to validate transactions or generate ZK Proofs. They are very centralized in how they operate, so there's always the risk that their network operators could cheat their customers. By now, the community seems to agree that ZK rollups are the future rollup solution to decentralized L2 networks. There is only 1 notable instance of Plasma (Ethereum to Polygon network conversion), and no one uses it anymore since the Ethereum-Polygon bridge is easier to use. The biggest competitor to ZK rollups are Optimistic rollups, and those take too long to settle back to Layer 1 (1 week) and are still too expensive to use (20-50% of the cost of L1 Ethereum gas fees for transfers). > > **ZK Rollups** require special infrastructure to generate ZK Proofs. These are very computationally-expensive, potentially [thousands of times](https://vitalik.ca/general/2021/01/05/rollup.html) more expensive that just doing the computation directly. To reduce the cost, they are done completely-centralized by specialized servers. Thus the cost of a ZK Rollup is cheap at about [$0.10 to $.30](https://l2fees.info/). But even at $0.10 per transfer and $0.50 per swap, these are still at least 10x more expensive than costs on Algorand and Solana. Users will have to decide whether the extra cost and hassle of using an L2 platform is worth the extra security of settling on the more-decentralized and secure Ethereum L1 network. > > **Ethereum Proof-of-Stake merge is arriving later than competitors** (moderate): > > The ETH PoS Beacon chain has been released, it's a completely separate blockchain from ETH and won't merge with the main blockchain [until later this year](https://decrypt.co/78690/ethereum-2-staking-tops-21-billion-merge-horizon), giving its competitors plenty of time to provide FUD. We still don't know how successful the merge will be. Currently, stakes are locked, preventing investors from selling. We don't know what will happen to the price once staking unlocks. > > **MEV and Dark Forest attacks** (minor): > > [MEV](https://np.reddit.com/r/MPlankton/comments/rs4wp2/the_dark_forest_of_cryptocurrency/) is actually a pretty big issue for networks with high gas arbitrage and mempools like Ethereum, but most casual users will never notice hostile arbitrage. When you broadcast your transaction to the network, there are armies of bots and automated miners that analyze your transaction to see if they can perform arbitrage strategies on your transaction such as front-running, sandwiching, excluding transactions, stealing/replaying transactions, and other pure-profit plays. "Dark Forest" attacks have reveled that bots are constantly monitoring the network, and they can front-run you unless you have your own private army of miners. > > **Final Word** > > Overall, I still think the PROs outweigh the CONs for Ethereum in the long-run due to its first-mover advantage and the long-term sustainability of the Ethereum network. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2luf/top_10_ethereum_conarguments_january_2022/) to be taken to the original topic-thread 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/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

NGL I think CRO is going to be in the top 5 in the next bull run. I don’t hold any nor ever did but given it survived the FUD will look at holding it in the future. BTC, ETH, BNB, DOGE, MATIC, CRO

Bruh I’m mister crypto FUD and that comment was dumb as hell.

Mentions:#FUD

And this is a master red flag. So no FUD, just facts

Mentions:#FUD

If i got a penny everytime some on Reddit spread FUD about Tether, i would not be here.

Mentions:#FUD

Most people here love conspiracy theories and hate to learn about technology or logic thinking. An article spreading baseless FUD about an exchange gets 1500 upvotes, a post explaining tech gets 10.

Mentions:#FUD

FUD sells these days. People are desperately looking for bad news

Mentions:#FUD

Yes. Although, FUD is still not that big like it was back in 2018 bear market. I expect a lot more FUD in incoming weeks.

Mentions:#FUD

Thanks for the quarterly Tether crash FUD.

Mentions:#FUD

#Ethereum Con-Arguments Below is an argument written by Maleficent_Plankton which won 1st place in the Ethereum Con-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Ethereum has drastically changed in the past year now that it has rebranded itself as **Consensus/Settlement layer** for other Layer 2 Execution/Rollup networks. It is no longer trying to be a monolithic blockchain by itself. Because of this shift in design, many of its former CONs are no longer major issues. And many of the CONs that still exist often have a beneficial sides. > > I discuss the CONs of Ethereum and their impact on its users here: > > ## CONs > > **Gas Fees** (major): > > The biggest complaint for Ethereum is its network gas fees. Every transaction needs gas to pay for storage and processing power, and gas prices vary based on demand. Gas price is very volatile and often changes 2-5x in magnitude within the same day. ERC20 transfers are used for a large percentage of cryptocurrencies, and it's the reason much of DeFi is extremely expensive. If I wanted to send ERC20 tokens between exchanges, it's often cheaper to trade for XRP, ALGO, or some other microtransaction coin, transfer it using their other coin's native network, and then trade back into the original token. Basically: use a coin on a different network to avoid fees. > > Typical transaction fees for Ethereum were [between $2-10 over the past year](https://etherscan.io/chart/avg-txfee-usd), but they have shot up to $50+ several times in 2021. > > And that's just for basic transactions. Anyone who has tried to use more complex smart contracts like moving MATIC from Polygon mainnet back to ETH L1 mainnet during a time of high gas fees mid-year in 2021 saw $100-$200 gas fees. Transferring ERC-20 tokens (often $20-50) is also more gas expensive because it can't be done through native transfers like on the Cardano network. It's impractical to use swaps like Uniswap for small transactions due to these fees. > > In particular, One/Many-to-many batch transactions are extremely gas-expensive using Ethereum's account-based model compared to Bitcoin's and Cardano's UXTO-based model. [This batch transaction on Ethereum](https://etherscan.io/tx/0x0fe2542079644e107cbf13690eb9c2c65963ccb79089ff96bfaf8dced2331c92) cost over $5000 while [a similar eUXTO transaction on Cardano](https://adapools.org/transactions/e586c6340ee9e60a6c64f447feffe5f89bdabc7741666ecaa681081957938f56) only cost $0.50 in fees. > > On the other hand, these fees provide Ethereum long-term economic sustainability and resilience against DDoS and spam attacks. > > **Competition from other Smart Contract networks** (moderate): > > Ethereum has enjoyed its lead as the smart contract blockchain due to first-mover advantage. But there are now many efficient smart contract competitors like Algorand, Solana, and Cardano. Ethereum is now facing much competition. Who wants to pay $20 gas fees on Ethereum when you can get similar transactions for under $0.01 with Algo and Solana or $0.30 transactions with Cardano? > > Fortunately, the amount of competition is limited because Ethereum is positioning itself as a Settlement layer whereas these other networks are monolithic networks. All monolithic networks will eventually run into scaling issues due to long-term storage and bandwidth limits. It will really depend on how successful Ethereum's Layer 2 rollup solutions will be. > > **Future uncertainty about Layer 2 solutions** (major): > > Ethereum's long-term success is dependent on the success of its Layer 2 solutions. > > These Layer 2 solutions are still extremely early. Even after a year, L2 has a very fragmented adoption. The majority of centralized exchanges currently do not support Layer 2 rollup networks. A few have started to support Polygon, which is more of a Layer 2 side-chain that saves state every 256 blocks than a Layer 2 rollup. Very few CEXs allow for direct fiat on/off-ramping on L2 networks, which puts those networks out of reach of most users. > > Many of these Layer 2 networks (Arbitrum, Optimism, Loopring, ZKSync, etc), are not interoperable with each other. You can store your tokens on any specific L2 network, but they're stuck there. If you want to move your tokens back to Layer 1 or to another L2 network, you have to pay very expensive smart contract gas fees ($50-300). Eventually, there will be bridges between these networks, but we could be years away from widespread adoption. > > Fragmented liquidity is another huge issue. Each of these L2 networks has its own liquidity pool for each token it supports. You can store your token on the the L2 network, but you won't be able to trade or swap much if there are no liquidity pools for that token. Eventually, there will be Dynamic Automated Market Makers (dAMMs) that can share liquidity between networks, but they are complex and introduce their own weaknesses. > > Both Optimistic and ZK Rollups are handled off-chain and require a separate network nodes or smart contracts as infrastructure to validate transactions or generate ZK Proofs. They are very centralized in how they operate, so there's always the risk that their network operators could cheat their customers. By now, the community seems to agree that ZK rollups are the future rollup solution to decentralized L2 networks. There is only 1 notable instance of Plasma (Ethereum to Polygon network conversion), and no one uses it anymore since the Ethereum-Polygon bridge is easier to use. The biggest competitor to ZK rollups are Optimistic rollups, and those take too long to settle back to Layer 1 (1 week) and are still too expensive to use (20-50% of the cost of L1 Ethereum gas fees for transfers). > > **ZK Rollups** require special infrastructure to generate ZK Proofs. These are very computationally-expensive, potentially [thousands of times](https://vitalik.ca/general/2021/01/05/rollup.html) more expensive that just doing the computation directly. To reduce the cost, they are done completely-centralized by specialized servers. Thus the cost of a ZK Rollup is cheap at about [$0.10 to $.30](https://l2fees.info/). But even at $0.10 per transfer and $0.50 per swap, these are still at least 10x more expensive than costs on Algorand and Solana. Users will have to decide whether the extra cost and hassle of using an L2 platform is worth the extra security of settling on the more-decentralized and secure Ethereum L1 network. > > **Ethereum Proof-of-Stake merge is arriving later than competitors** (moderate): > > The ETH PoS Beacon chain has been released, it's a completely separate blockchain from ETH and won't merge with the main blockchain [until later this year](https://decrypt.co/78690/ethereum-2-staking-tops-21-billion-merge-horizon), giving its competitors plenty of time to provide FUD. We still don't know how successful the merge will be. Currently, stakes are locked, preventing investors from selling. We don't know what will happen to the price once staking unlocks. > > **MEV and Dark Forest attacks** (minor): > > [MEV](https://np.reddit.com/r/MPlankton/comments/rs4wp2/the_dark_forest_of_cryptocurrency/) is actually a pretty big issue for networks with high gas arbitrage and mempools like Ethereum, but most casual users will never notice hostile arbitrage. When you broadcast your transaction to the network, there are armies of bots and automated miners that analyze your transaction to see if they can perform arbitrage strategies on your transaction such as front-running, sandwiching, excluding transactions, stealing/replaying transactions, and other pure-profit plays. "Dark Forest" attacks have reveled that bots are constantly monitoring the network, and they can front-run you unless you have your own private army of miners. > > **Final Word** > > Overall, I still think the PROs outweigh the CONs for Ethereum in the long-run due to its first-mover advantage and the long-term sustainability of the Ethereum network. ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/ru2luf/top_10_ethereum_conarguments_january_2022/) to be taken to the original topic-thread 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/z8aq27/daily_general_discussion_november_30_2022_gmt0/).

And if you are CZ, you're a massive baseless FUD spreading cunt.

Mentions:#FUD

Fyi that isnt complex this has been going on for years, when the FUD of crypto is dead and when it seems theres more scammers than traders this is a BUY ALERT..

Mentions:#FUD

The withdrawals are working perfectly. The article and news is from 4 months back, because Indian government had issues with the crypto exchanges, and wanted to audit them. This article is just spreading FUD. People spread FUD for moons. Come on, man. Bhai, aise kaise chalega?

Mentions:#FUD

Scenario will be, tether started to crumble, everybody FUD's stable coins, everyone started converting their stablecoins the fastest way which is by buying BTC and ETH. Everbody will say market is irrational.haha

Mentions:#FUD#BTC#ETH

Mom said it's my turn with the tether FUD

Mentions:#FUD

New York banning something crypto related has become the new "china bans crypto" FUD!!

Mentions:#FUD

I saw a screenshot on twitter that they had stopped withdrawals as well. Organised FUD or the death rattle of yet another CEX? You decide, honestly I have no horse in this race. I thought Gemini was one of the better players in the space, but obviously shit is getting real, and the wheat will separated from the chaff.

Mentions:#FUD#CEX
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