Reddit Posts
Is there a crypto wallet or app that would be suitable for my extremely non-technical elderly parents?
11 Bitcoin ETFs Live charts. Tiiiny pitch, but you WILL like it. Pinky promise
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Is User Error Inevitable in Crypto? It’s Too Easy to Make Costly Mistakes
Buy and sell bitcoin in your neighbourhood with cash (my open-source project)
a16z and VanEck crypto trend picks for 2024
Buy and sell bitcoin in your neighbourhood with cash (my open-source project)
Chappyz | AI powered plug-and-play protocol that helps build REAL community | BSC Gem
Chappyz | AI powered plug-and-play protocol that helps build REAL community
Chappyz | AI powered plug-and-play protocol that helps build REAL community | $7m daily volume
What platform is the best to DCA/accumulate BTC and then transfer to a cold wallet weekly?
Mainstream crypto = Mainstream UX | Does such a thing exist yet?
The Bridging Divide between Traditional Finance and DeFi: A Closer Look
The Bridge Between Traditional Finance and DeFi: Exploring the Challenges and Possibilities
The Bitcoin stack in Cosmos: How Nomic BTC bridge and Babylon Bitcoin timestamping work
A VM on the EVM. Could this be something big for DeFi UX?
List 3 of the biggest UX problems in Bitcoin right now.
List 3 of the biggest UX problems in Bitcoin right now.
If there is a next generation crypto wallet, what are the top 3 things you would expect from it?
Caution: Your bank account could get frozen because of P2P trading.
asTech Soft - Your Web and Mobile App Development Expert
The Barrier to Mainstream Crypto Adoption Isn’t UX — It’s Product-Market Fit
The Bitcoin stack in Cosmos: How the Nomic BTC bridge and Babylon Bitcoin timestamping work
What We Need For Mainstream Adoption and Can We Except It?
Mentions
I'll watch it when I get a chance. I agree with everything you're saying. I just find the UX with RoboSats so much better than Bisq.
a wallet is a UX/UI solution to send and receive bitcoins.. so yeah wallet is ok....
Compared to what? Lots of ppl love IBC and the apps like osmosis and kujira and stars and easily moving assets around Cosmos(lots of other apps but not going to name them all) Eth and Sol got us beat on users and tvl but not much else. Not cardano, dot, algo or any of the old chains. Not Aptos or Sui or any of the non eth new chains. I'd argue our UX is better than all those I named minus Sol. I'm also counting all connected IBC chains as one in regards.to tvl and users.
#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.
we aren't? UX has almost certainly improved: lower fees, faster settlement, account abstraction, sponsored gas fees, semi-custodial options...the list goes on. 5 years ago we barely even had mobile wallets.
i mean, yeah obviously the crypto UX isn't ready for mainstream yet. but we're getting there? just compare where we're at vs 5 years ago? the point is that the promise of a crypto system is better than the existing one that relies on intermediaries. side addendum: why are you even on this sub if you don't believe in the future improvement of crypto?
>Coinbase to this private seller is probably what caused this? yes > Would a hot wallet suffice to avoid the issue Yes, everyone should have a hot wallet to spend and replace from I would choose Blockstream green because : 1) It has a ton of features like RBF fee bumping , TOR , multiple accounts , 2fa , multisig , and using your own full node. Any wallet that lacks RBF fee bumping should be avoided 2) It is well peer reviewed, smaller attack surface , open source , and has reproducible builds https://walletscrutiny.com/android/com.greenaddress.greenbits_android_wallet/ 3) It has a non custodial lightning wallet built in for instant confirmations for a penny https://www.youtube.com/watch?v=QtMXsJxx1X0 4) Its very easy to use and has a nice UX https://blockstream.com/green/ https://www.youtube.com/watch?v=DesN85bWmGA >Bitcoin from Coinbase wallet Coinbase non custodial toshi app ? Thats one of the worst choices
Lot of the ui/ UX blows. Should get exponentially better with time. Checkout Magic Eden .io (will need an xverse wallet) just have a little patience
You can't replace something by matching it (not that ETH +Ls does actually match the tradfi UX...), there is way too much inertia. You have to beat it, you have to outdo by an order of magnitude.
Witherblock here, our accounts got banned by reddit, so we are using this one now: With our Stryke rebrand/evolution we have a ton of new planned functionalities to build a more efficient crosschain options platform enabling users to trade Options from any chain, improving the trader UX. Our new token and governance derivative token is fully crosschain compatible (currently powered via LayerZero) allowing users to take part in the protocol ecosystem from any chain. We also have plans to implement neat features like Limit orders (via offchain signing) and Permit2 to enable more seamless use of the platform bringing us ever closer to centralized exchanges in terms of UX. Finally for the developer community with our new revamped tokenomics for SYK we have introduced a grant program (which will begin very soon) where 10% of the yearly inflation of SYK is directed. This grant program will be used in order to help developers build on top of us, supporting community-driven projects and innovation within the ecosystem.
With our Stryke rebrand/evolution we have a ton of new planned functionalities to build a more efficient crosschain options platform enabling users to trade Options from any chain, improving the trader UX. Our new token and governance derivative token is fully crosschain compatible (currently powered via LayerZero) allowing users to take part in the protocol ecosystem from any chain. We also have plans to implement neat features like Limit orders (via offchain signing) and Permit2 to enable more seemless use of the platform bringing us ever closer to centralized exchanges in terms of UX. Finally for the developer community with our new revamped tokenomics for SYK we have introduced a grant program (which will begin very soon) where 10% of the yearly inflation of SYK is directed. This grant program will be used in order to help developers build on top of us, supporting community-driven projects and innovation within the ecosystem.
The UX is actually great, because most of these wallets open channels on the fly, you just have to accept a fee. Imagine having to actually find a channel partner before being able to accept payments. And not everyone needs to have their own channel.
>shitty centralized L2s that are a nightmare for users to use. ... what? How are Arbitrum or Optimism a "nightmare" to use? You can send funds for a fraction of a cent, you can interact with smart contracts for a few cents, you can bridge fairly cheaply between L2s, send it to a CEX to trade there, you can borrow or lend funds on AAVE for basically no cost... the UX is awesome. The security is not as bulletproof as ETH L1, but it doesn't need to be. "Shitty centralized" really just means you picked up some buzz words and have no idea what you're talking about. Yes many L2s are centralized to an extent, but that's only relevant for liveness of the L2 chain, meaning the worst that could happen would be the chain shutting down and having to recover your assets through L1 transactions. The security of your funds doesn't depend on some trusted authority. The ETH L2 paradigm is as close to a solution to the trilemma as currently exists. I'm not an ETH maxi, I own BTC, SOL and everything else. I'm just seeing that currently ETH is working really well.
this whole "I got mine, fuck you" attitude is not productive. we can't brag about having opened channels when it was randomly cheap to do so. just look at yourself. the UX of what you describe is atrocious. and just imagine what would happen if more people wanted to open channels. it would never be cheap again.
I was working on a self-hosted personal finance dashboard, there are a few out there but most don’t support cryptocurrencies, it would aggregate all of your finances in one spot and had a bunch of other features planed but i took a break from it cause i’m terrible at UI/UX design lol
We don’t have the tech yet. Lightning has still many unsolved UX barriers for both businesses and end users. (Unless you go Custodial and lose half of the properties of what makes Bitcoin unique)
I am a user and I believe in the next 3-5 years the narrative will shift from infrastructure to apps. Instead of people talking about Solana vs Ethereum, it will be people talking about ABC app. This may or may not help you /u/banksied but look at Merkle dot Trade. It's an perps trading app built on Aptos where users can trade Crypto, Memes, Forex including Gold and Silver. But focusing on UX, users can trade and connect using either an Aptos wallet or EVM wallet (including the L2s) - the app creates an Aptos wallet for the users. This to me is the future. Wallets go to the background and users don't have to sign every transaction.
The major exchanges already have made it about as easy as it can be. Are you implying you can do better? "Onboarding" as you call it is not limited by UX, it's limited by regulations and dealing with real $.
I noticed the same, especially sad to see how few people are using DeFi and how the big majority has to default to centralized exchanges due to UX. I bookmarked this project recently that I thought looked interesting, not sure if they’re hiring though. www.thane.zone
You keep asking “when” and the answer is that it’s already built. Arbitrum alone is capable of 40k TPS and that’s just one of about 50 rollups that have already been deployed. Ethereum can already do hundreds of thousands of TPS on L2. The problem isn’t throughput anymore... it’s fragmentation. Solana’s current strength is in its unified execution environment and SVM... it’s a better UX. You’re also thinking about this the wrong way. Antony himself has said that he would like eventually to see Solana publish zk proofs to Ethereum and become a validium. The two chains serve totally different purposes. One was built for execution and one was built for settlement. They’re more complimentary than in competition but people in this sub don’t like to acknowledge that.
Hi everyone. I changed ccmoons.com to point to the new moons website I’ve been working on recently (in part because of the Twitter raid users on r/cryptocurrencymoons are planning) My goals were: - Better UI/UX - More user-friendly to those that don’t know about moons - Better as a moons landing page - Remove features that were almost never used I do plan to reintroduce some of the older features over the next few months. Let me know if you have suggestions or comments!
You're right that it ultimately doesn't matter, but in the short term it enables scammers and degrades UX for legitimate users.
Cold card waste of $. Go seed signer or foundation passport. Both use QR codes. Seed signer way cheaper and better UI. Foundation passport better UI UX and better support. And better quality IMO
Seed signer and foundation passport. Jade workflow isn’t great and product feel is cheap. Cold card UI UX sucks and they’re overpriced.
Convenience almost always wins over superior tech. This is why SOL overtook ADA. I still have my ADA bag, but I haven't followed its development for a while to be honest. Is there any reason to believe their terrible UX (and DX) has improved or will improve in the future?
#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.
Edited previous post to Bisq2. Bisq2 is easy, Robosats is also easy. I assume anyone investing is Bitcoin is doing so because they've done their research as they should. Anyone that understands Bitcoin is willing to put the effort into understanding the need for no-KYC, and thus to put in whatever effort might be necessary. Open source, verifiable software is the same reason you use Bitcoin instead of blindly trusting banks - Nothing guarantees you that when you put in your PII (such as your bank account in Peach), it isn't being saved onto some remote server to be cross-referenced at a later date. Given how far we've come in terms of UX in the past, say, 10 years in the Bitcoin ecosystem, Bisq2 and Robosats are modern UXs, simple to use and understand with most/all technical aspects one doesn't need to understand to be a standard hodler, having been abstracted away under the UI.
#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.
Now you are inviting me to shill ;) Got to do your own research.. I like Cardano - good UX, cheap, secure and certainly legit. There are others that I hear are good: Algo and cosmos for example, I’m sure you’ll find more if you search a bit. Messari is a good source of info to check tokenomics and stuff to see which projects are legit. Ah, regarding that: look up jaredfromdiamond for Ethereum.
Ethereum is not slow and expensive. It's roughly 2x to 3x the price to transact as Solana. They believe rollups are the only way to infinitely scale web 3, and will improve UX later with tech such as shared sequencing. Solana has proven to be the best monolithic chain with their implementation of parallel processing, and their "move fast break things" approach was able to capture a lot of Ethereum's market that required high speed transactions such as trading. The only threat to this market fit is a chain with the potential to use sharding to infinitely scale a single state machine. We haven't seen anything that can do this yet while staying fully decentralized and reaching millions of tps. Neither is a scam, and Solana is not crumbling. Solana is moving forward with early implementation of some of their Firedancer tech to deal with the slowdowns. There's nothing scammy with networks attempting to become a decentralized Internet.
Yep, Ethereum's UX was quite rough around the edges before the development of L2s.
#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.
The new Mutiny + with NWC is like Venmo for Bitcoiners. Super slick. I get zaps < 200,000 sats right to a Fedimint and can withdrawal right away with ultimate privacy. > 200,000 goes right to lightning. Phoenix and Aqua are also dead simple with great UX.
Sure! Layers are obviously to be abstracted by UX over time, so it's always blurring, but just as we consider Lightning as Layer 2 because it locks BTC in the form of channels in a multi-sig TX on L1, as an example the cashu ecash protocol for Bitcoin uses Lightning nodes to lock sats in mints, which can be considered L3 as it inherits most of the properties (read benefits) of Lightning but further improves on them, which users and then able to utilise, either freely within the mint as bearer assets, by sharing the mint as part of the TX, or by swapping sats from mint to mint over lightning. This also allows for offline TXing due to sats being bearer assets. Of course, there are trade-offs and of the things actively being looked at is custody - As it stands, unless each person runs their own mint, this is custodial (but better in almost every other sense as it's fully private, with bearer assets). Other implementations are the example of fedimint which uses community backed federated custody. These effectively solve all problems from Lightning custodial solutions. We're getting there!
It went down last 14 months ago homie. You can still land transactions, hundreds are going through every second, just gotta try a fee times. Not ideal but honestly still better UX than ETH
Luckily I'm an ETH guy and only do some small sidebag shitcoining on Sol, but yeah Sol was great UX until the last few weeks and now the experience is bloody awful
Yup, main focus is UI/UX, making customers stick to your product. It's a race but it's exciting to see everything intersect
Multisig, no seed phrases to worry about, great recovery options, simple UX. It does virtually everything better than traditional hardware wallets. The only real downside is the $150 price tag + shipping.
It's because even with these delays it's still a better UX than ETH.
Well eth devs have been promising sub-cent fees since the beginning. UX is another issue. I had no issues with metamask for a long time. Took a break and tried out some other stuff then when returning to using metamask, couldn't believe how horrible it was. I don't think anyone has solved the blockchain issues enough to be mainstream. Some have made slight improvements (at the cost of something) but nothing ground breaking enough to justly take crown from eth. Solutions like Solana are not better. Imagine high frequency trading on the NYSE stopping because they have network issues.... or going to buy gasoline and you can't because VISA is down for days... Imagine not being able to access your funds because you can't run a node. What the point if you have to rely on someone else to access your funds or the network is so unstable that no one can use it? This is why I think there needs to be some type of layer 2s to handle scaling... and is precisely why we have VISA, mastercard, AMEX, etc. This model with the banks being on a layer 1 network and credit providers being the layer 2s is exactly what crypto is trying to recreate. The way VISA is able to settle millions of transactions for essentially 1-2% fees is by batching them into large chunks and settling up later on. Joining the base layer 2 or whatever may have taken you 50$ but it was probably not days to settle. IMO this is a vital thing the ecosystem needs to figure out. Do we want to be able to switch between VISA network, AMEX network etc in seconds, do we even need to, what price is acceptable for that? I keep money in my bank and if my AMEX card isn't accepted (doesn't have the use case I want) I can use another card. This doesn't charge me money because I never moved the money from my bank to AMEX to whatever else I have to use. All this stuff they will eventually settle on but I think the problem today is everything on crypto is largely speculative so people are willing to pay whatever to participate. What someone needs to do is figure out how to build the tech so that real use cases can happen. Then they can tweak the process and settlement to drive down costs. Until then, enjoy the casino clown show.
UX will improve over time, but whether people bother to learn it is more a function of whether they need to. If the dollar collapsed today, you can bet that millions of average people would suddenly care about nodes, channel management, on-chain fees and security. Right now, their credit card works just fine and is 'free.' If you want to improve adoption, you're probably better off focusing on financial education than complaining about the current state of software.
It's a barely been out for a month. It sounds like it's not a wallet you want but simply mass adoption. There are technical and security concerns when it comes to self-custody. It's literally not possible to be like using Gmail and also be secure and self-custodial. It's still early days for Bitcoin and right now Bitkey is as good as it gets. Which is pretty damn good as far as self-custody goes. You do not need to be any more tech-savvy than being able to use an app on a phone and tap a device every once in a while that you keep in a drawer. If it's just the payment address UX you're trying to improve, this should probably be proposed as a BIP rather than a wallet so that any wallet can use it. Something similar was proposed recently here: https://delvingbitcoin.org/t/human-readable-bitcoin-payment-instructions/542
When the speculation ends, the technology will remain. I'm a long term investor, not a short term gambler and I invest based on fundamentals. I could be wrong, everyone is fallible. But from all the blockchains I've used and researched, Algorand has the best UX and technology. I'm okay being patient.
At a first glance, this seems like a legit thing sort of. It’s quite possibly that they’re creating a bitcoin mining company, and here’s even a video interview with one of the guys behind the project: https://m.youtube.com/watch?v=YTG0UX5Pk5s The video has the potential that it could be a deep fake. It does seem odd that he used an Indian YouTuber to interview him about this rather than someone local. There were some audio parts of the video where it went wonky, and it’s odd that the Indian guy seems to be promoting a parallel product to the new crypto mining operation. I looked up one of the other guys on the team, and he has an another interview from a year ago online. Both of these names appear to be public people, but none of their video interviews are recent about this. They’re three months old and a year old. Also, the perks assigned to the tiers don’t correspond to what’s promised in the body of the ad. The description says you’re buying shares, but the perk tiers don’t say anything about that. There’s also the reality that selling shares of a company through a platform like this is almost inevitably an SEC violation, so I would proceed with extreme caution. You could be very well funding someone else to start a mining operation for themselves, and they’ll kick you a tshirt for doing so, or it could be someone overseas bilking Americans.
I'm probably the only Klaytn fan here in r/cc... So here goes: Disclaimer: Not financial advice, and yes KLAY is my 3rd biggest bag after BTC and ETH. It's relatively unknown in the western hemisphere, but it's massive in Asia. Klaytn was started by Kakao, one of South Korea's largest tech enterprises and has already achieved mass adoption in Korea. The Kakaochat messenger app is used by 96% of S Koreans and has a built in Klaytn wallet, which normies use for everything from dental implant NFT certificates to loyalty programs with major department stores. This is possible because Klaytn has had account abstraction and fee delegation since genesis in 2019. The South Koreans effectively view Klaytn as their nation's representative blockchain... Every major development Klaytn has makes mainstream media news in South Korea. There was a period Klaytn was called Korea's Ethereum by some in the community. It is also the fastest EVM equivalent L1, with transactions finalizing in average 2.1s which I thoroughly enjoy, makes transactions feel like Web2 which I personally feel is necessary for mass adoption. Normies aren't going to put up with "transaction pending please check back in a bit". This claim comes from the team running actual transactions on major EVM chains and measuring the latency, the code is on github so anyone can verify it is unbiased. It's actually faster than even Solana in terms of finality, which is more important for UX than TPS. Klaytn also recently passed a governance proposal to merge with Finschia, a Cosmos chain started by LINE which is the leading messenger app used by basically every Japanese and lots of people in Indonesia and a few other Asian countries. This means in the near future, the chain will have access to hundreds of millions of normies through the LINE and Kakao messenger apps. As Finschia is Cosmwasm and Klaytn is EVM, the new chain is planned to be compatible with both... which is massive. In terms of use cases, Klaytn has been pushing hard into gaming, RWAs and DeFi. The MarbleX gaming chain operated by Netmarble (you might know them for the Marvel mobile games) is a Klaytn side chain, and has massive IP games like King of Fighters and Ni no Kuni on chain. DeFi Kingdoms' Serendale realm is also on Klaytn. For RWAs, Klaytn has tokenized gold backed by the Korea Gold Exchange, US Treasury bonds, e-commerce accounts receivables, and recently announced that a ship financing project will be launching on chain too. Finschia on the other hand runs DOSI, one of Asia's biggest digital marketplaces that allow users to buy NFTs with tradfi like credit cards. IMO KLAY is horrendously undervalued for what the team has achieved and how large the ecosystem is. Okay end of shilling!
Not being able to submit a transaction is horrible UX
Another strong narrtive is crypto Oracles. Solutions like Supra have been improving the UX of DeFi and increasing adoption.
eUTXO ftw..same with Ergo, fixed fee super cheap solid and reliable. Ergo and Cardano could do with some work on its UX when it comes to simplification and ease of use for normies (ergo especially), but from txn side of things they are both light years ahead of sol and eth
Wait, horrible UX? I've never used Solana, but everywhere I turn ppl way poetic about Solana's great UX and how Ethereum's UX is not fit for dogs.
You should realize that the two are not coincidentally occurring simultaneously... there's huge inefficiencies and centralization issues baked into a monolithic chain in order you give you the impression of that "smooth UX".... which implicitly has direct results like: <you can insert what SOL problems you want to list here>. If you could actually build and execute everything in a decentralized and efficient way (liveness & throughput) on a monolithic blockchain.... it would've already happened.
I think we will even want no fees at all as we always see this: a crypto is expensive -> people move to a much cheaper one -> it gets some activity and becomes expensive too. With a feeless crypto, you know that this problem won’t come up. And it solves many questions about UX, dust, etc. It’s the way most of the internet works now: you don’t pay for your TCP requests as a user.
I use every chain and solana has a really good UX (when transactions aren’t failing all the time) imo
So Solana isn't very secure or stable, isn't decentralised, can't handle moderate user transaction volumes and has a horrible UX. Only in crypto could such a shit project be valued at $78 billion.
#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.
Y’all need to use Jupiter. Raydium’s UI/UX is a hellscape.
From last I read up on, Cash App, unfortunately doesn't work in Canada. A good alternative would be Strike which I think you can use in Canada. UX is not as clean but it's really easy to set up.
I have two Trezors. The T and Model One. I like both and haven’t had any issues with them. Software is easy to install and UX is easy to understand.
In the crypto space, privacy. It could take 10-20 years for the realization to happen, but sooner or later people will realize that putting financial data on public ledgers is a disastrous idea, and is totally antithetical to the early ethos around Bitcoin. Zcash has the best privacy technology, but the UX sucks (for now). Monero has better UX and more adoption but worse privacy (for now). Various private smart contract platforms also being developed. (inb4 "lightning network") Outside of crypto, IDK. If I had to bet on something it would be the continued discovery of new AI algorithms. The success of GPTs showed us that these kinds of algorithms need massive amounts of data and compute before they start hitting their stride. The space of all possible algorithms is so little explored that we're almost guaranteed to make crazy new discoveries that keep up the hype for investing in chips to experimentally find new algorithms. But the risk is time. There's a good chance that another "AI winter" will follow our recent success with GPTs and it will take 20+ years to find the next great algorithm, because there is so much black magic involved with making these algorithms work. What's possible in principle far exceeds the even current level of AI hype, but if it takes 50 more years to get there, that's a long time to wait.
#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.
I started looking at the Mac desktop version. Pretty interesting, I like the UX. If I combine keys to make a Multisig, does each utxo in the wallet have to get rolled for each key in the Multisig? Or just once per “period”? The idea generally then is a key, stand-alone or of a quorum can come online to share sign transactions as long as timelock stops being refreshed? Does the refresh involve me doing anything manually? UX is good but I can’t find answers for questions like this on the website, the app, the blog, Reddit, or twitter. Although I haven’t checked the Telegram app yet. It seems a bit odd how hard it is to find a run down of how it technically works but for beginners.
You’re describing something that already exists. There are plenty of places I can go to see Bitcoin vs Gold or S&P, read about new developments, compare inflationary aspects, etc. If you aren’t solving a problem that currently exists, I think you’re wasting your time. Why not work on a problem that hasn’t already been solved? Why not offer something that people can’t already get? There are so many UI/UX problems in Bitcoin. You could start by offering something on that side.
There is no inherent benefit of keeping funds in exchanges. Exchanges themselves don't like holding other people's assets because it makes them honey pots. The way to take this mainstream is to use it the way it was intended to be used - be your own bank. The industry just needs to mature a bit more to foster UX since the vast majority of devs are not Blockchain Devs.
They’re just specific community/app chains. No different than an L3 from a UX perspective but the underlying mechanics are a bit different. Look at what the degen channel from Warpcast is doing. Pretty cool
Gotta love Jupiter Easily the best UI/UX I’ve had swapping in crypto, and with a pretty decent suite of tools now between the dex, perp trading, bridges and what not
Yeah I think you're right. The friction is with the bitcoin onboarding, which is still a big jump for most people. It'll happen naturally as more people are intrinsically motivated to own bitcoin, and the hurdle will get smaller as UX improvements make everything seamless. I think you're also right that it'll take generations. I prefer receiving bitcoin for my services though, so I'll keep trying.
Foundation Passport is wayyy better than cold card. Seed signer is cheaper than all of them, has the best UI/UX but requires a little diy
1. Stay away from r/cryptocurrency 2. Go to Twitter, follow builders and also key figures that have been in crypto for >5 years (Would say Cobie, Vitalik, Mert, Anatoly, Jesse, Hsaka, Jodi Alexander, Tom Dunleavy, blocmates) there’s loads more 3. Imo seems like depin might be for you. I would listen to lightspeed podcast on YouTube. Lots of interesting conversations there 4. Arkham, defillama and dune are good tools only when you know what to look for. You can start with searching twitter for dune dashboards. Also follow 0xngmi the founder of defillama there. He posts interesting updates on the state of defi etc 5. Get to buying some stuff, even with like 100-500 budget you can start right away. I would avoid eth L1 and use arbitrum or base chain. BNB chain is decent for beginners as well and of course Solana. Choose one and start. Phantom wallet for Solana, rabby wallet for the rest for the best UX. 6. Once you’re more familiar you can start going to other chains like Aptos, Sui, and some of the cosmos chains but you’ll find there’s plenty to do on those in 5. Already 7. I don’t usually recommended it but you can check out galxe for “quests” which are marketing campaign but various protocols. Reason why is that it’s 1. Cheap to complete certain quests 2. Gets you oriented to crypto transactions 8. Get a burner and join various TG groups, usually interesting conversations happen on TG and discord. I would leave this to only when you have extra time 9. Most importantly don’t be afraid to ask questions. Question everything in crypto.
1. In addition to all the specific features and capabilities that my co-founder Ophelia mentioned, Coinbase has a very easy UI/UX for end-users, possibly the best. So especially for new users, it is the most approachable large exchange. 2. I sincerely don't want us to ever know, but my hope is a group of folks. I don't want Satoshi to be one person!
#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.
#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.
KuCoin has the same UX Binance, Mexc, OKC and many others use. They're straight up copies of each other lol
A joke that has done 10x in 6 months and has the smoothest and most seamless UX of any coin with ultra low fees
KuCoin has a decent UX if you know what you are doing, not everyone wants a “minimalistic” CEX with only top 500 coins listed where you have to go through 15 menus to set a limit order instead of doing a market buy through a giant “buy” button
Well, that's Raydium's problem, not Solana's. But yeah, they're rebuilding Raydium, so hopefully the new UI will have a better UX. Or trade on Jupiter Ag.
I am not solana maxi or holding significant amount of SOL, but here is my 2 SOL (i am a cosmos shill); — seriously who cares about centralization — failed transactions, i got only once tbh, but that things happens in EVM chains often (gas fee issues/rpc issues) — regular network outages? I barely remember last time it did happen. i am not sure you can say regular outages. — inflation is not that big problem, being deflationary or fixed supply doesn’t help that much for the price action. You can get your staking rewards usually. Imho, why solano; because phantom is one the best wallet imho for UX, easy to use, easy to ramp on, dirt cheap fees, trading meme cheap, meme are fun etc…
This is both a good insight into Solana's popularity in the short term and also its lack of fundamental value in the long term. Blockchains should fade into the infrastructure that users never see. All the dapps and focus on UX within chain ecosystems today is great for the early adopter audience and community but it's not where mass adoption will happen. Because as simple as it has gotten, it's still not simple enough. Solana tries so hard to sell the idea that faster and cheaper is worth the trade-off in security and decentralization. But it's the wrong layer to be making that trade-off. If mass adoption comes for web3 and smart contact chains in general, it won't be on Solana. All just my own opinion of course.
I'm the one who raised the Solana alarms on its transaction failures last week. Despite that, I'm still a Solana user (though I use Ethereum more). I'm a bit of an anomaly because I know blockchain very well. Most users do not care about tech, and only a small portion care about decentralization. Most users only want things to be fast and cheap. Solana fees are cheap on non-congested days (cheaper than Polygon PoS). It's effortless to send transactions fee-wise. Solana is not as fast as it claims, but it's still faster than most blockchains. 1000 TPS is fast enough for most. The transaction failures are bad, but they're mainly degens just trying out every possible combination of swaps until one of them goes through. If you're just sending tokens, they won't likely fail. Realistically, people have a moderately-high tolerance for outages. Traditional systems typically have 99.5% to 99.9% of uptime SLA. It's extremely rare to have higher SLA than that because there are multiple parts that can go wrong: server, network, routing, DNS. Five 9s of uptime ~~~~for a complete system does not exist outside of SCADA and military. Solana is up about 99.9% of the time, which is on the upper-end. If Solana is down for 10 hours, most users are probably not going to notice it unless they're active day traders. According to popular narrative, validator decentralization is bad on Solana. In reality, it's more decentralized (by Nakamoto coefficient) than nearly every blockchain that is not Cardano. It's also the only other network besides Ethereum to attempt client diversification. That's a good thing because current node development for most blockchains is very centralized, and that's something very few people talks about but should be discussed. ------------- On the other hand, Solana is getting worse and slower. They need a better solution for MEV, which has been solved on EVM years ago. Priority fees are causing transactions to get in the $0.01 to $0.10 range. The delayed transactions in the mempool are a huge problem when it gets congested. I'm also worried about Archive Nodes. Solana is a monolithic blockchain and can't segment its network and data like Ethereum + L2s. Normal Solana nodes prune everything and track the minimum state. Solana produces petabytes of data. Only archive nodes store history and full account state, and they're expensive to maintain. It only has 1 decent blockchain explorer: Solscan. The rest are slow, unstable, and provide a horrible UX. It's extremely expensive to run a Solana RPC or Archive node. RPCs are in the $10-25k/yr range. Archive nodes are in the $100k-500k range depending on how much they're tracking and what services they provide. This is going to be hard to scale years from now. There are rumors that Firedancer will fix things, but who knows until it's battle-tested.
You're the one who's confused or conflated "technical breakthrough" with "hype catalyst", but I digress. It's up to devs to leverage its features to onboard users. ETH initially had ICO rugpulls as its hype catalyst in 2017, then defi ruled the roost in 2021, SOL currently has memecoins - that was an odd turn up for the books because that's what BNB was specialising in - and ICP has the most secure and easiest to use UX out of any crypto, bar none. Try getting a non-technical Boomer to use EVM chains from beginning to end as they are right now - won't happen. Try getting them to log in to a site using Internet Identity once that's set up - as easy as opening your banking app (or whatever else uses biometrics) on your phone. That UX improvement is something people have been continuously squawking about on crypto subs since the 2017 run, now it's here. With integration coming for any noteworthy chains (full ERC-20 integration coming in the next couple of months, ckSOL being built out right now), that UX can - and really should, for security purposes - become the default UX for crypto as a whole.
#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.
Coinbase wallet UX seems to have a lot of issues displaying some coins. You may want to contact Coinbase support.
CDC is a company who capitalized on using the name of the industry as a whole to market themselves (‘Crypto’) with a kinda slick-looking payments product (metal card where users earn back in CRO). They apparently have terrible internal planning and communication and slashed their benefits ruthlessly with very little heads up to its users. I was there when it was happening and it was frustrating to say the least. Their app has terrible UX and always has. It shows how much money they put into marketing (eg ‘Crypto.com Arena’) versus into bettering their own product. They have their own little ecosystem and it was quite a yawn back in 21-22. At the time, it was mostly scammy-looking DeFi shit with 1000+% APR, which i’m assuming was meant to entice newbies. Not sure if it still the case but if you’re spouting out meme coins above all others, i’m assuming things haven’t gotten better. They’ve been saying the exchange is going to come out in the US for years and still nothing. Yes, the price of CRO might rise.. after all, the tide (BTC) rises most boats, but I think CRO is a questionable-use case coin ran by a generally poorly-run company who had an initially decent concept.
Store of value first, peer to peer cash later. I still believe one day people will transact in it when the UX is fully integrated into everything we know and the price stabilizes.
You aren’t thinking about it from a technical POV. You are thinking about all this like a newbie who expects innovations to not happen. ETH has plenty of devs to make the UX seamless when using an L2 to the point where people won’t even know they are using an L2, we are just early in the game, so it’s expected for things to be a little rough on the edges
Here is other story thats not behind a pay wall. https://uk.news.yahoo.com/woman-guilty-laundering-bitcoin-uk-142040694.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAADd2l0xCkUCZ8aEi6FXbtxxRFK_YYdPmxPqVdwFY7ExKoJK7WygRtAX0n3491PXiUuRGPoPgzm70WPHgAlvWj7DrXo9YBQwiUrDazf6-U1faRmgDZwdoH5OA9dEimq4UX_BLaSjntk9Ne-_2LREWNTe5BYCk2qTSKS9ZeradKKhe
Near is 10/10. Speed, transaction fees, UX/UI, community, product roadmap, and value proposition. Extra: undervalued.
Never happen. Eth is fundamentally broken…outrageous insane fees and terrible UX. Layer 2’s solving it all narrative is nonsense…it’s lipstick on a pig or a bandaid on a fatal wound. All of Eth’s supposed “development” in the last few years has been to simply catch up with other POS projects. It’s garbage and everyone knows it who try to use it. First mover advantage will be chipped away by better projects in five years is more likely. If Eth were released today would anyone use it? That’s a good question to ask. Save this post and let’s all check back in 5!
https://youtube.com/shorts/q2zPvhKDn9I?si=cUoI0ksFQ6UX8GYE Made this for you.
Seed signer or foundation passport are the best after using and purchasing trezor, ledger, jade, keystone, bitbox, cold card 3 and 4. Foundation send me a bad sd card and promptly sent a new one. They USA based. Seed signer doesn’t have a company behind it so of course no one is gonna shill it. They both have outstanding multisig UI UX too
I know, that'll take time. New form of internet which'll take a while to iron latency and UX issues out while also needing the kinds of devs who've made the sites you mentioned to gravitate over (not sure why Reddit's there unless you're an old.reddit user, the modern UX is vile) If you downvoted me that's pretty pathetic & I hope you stub your all your toes today.
In an industry that prizes decentralization, you shouldn't really want an "Apple". Since Apple's ability to provide a streamlined experience comes from its closed ecosystem and control over the hardware. Bottom line, the fact that Solana smart contracts are closed-source is a non-starter for me no-matter the price action or UX.
For L1s and L2s connected to AggLayer: Maintain full sovereignty but also get to tap into a huge pool of unified liquidity, making it easy to bootstrap liquidity. For dApp developers: Reach users in aggregate. Even if your dApp is on a different chain, users from other chains will be able to interact with it, without cumbersome bridging UX. Seamless cross-chain transactions mean true growth and access to users of the aggregated network. For end users: UX that is like the Internet. A single environment that doesn’t require cumbersome and frequent bridging. The end result would be cross chain swap finality in under a second. And lastly polygon 2.0 tokenomics is just introducing no cap to supply with a 1% inflation rate to not run the risk of stagnation among other factors. Nothing crazy like dodgecoin inflation or US dollar inflation lol Also better governance will be introduced. I’m sure I’m missing more but this is what stood out to me. Basically POL is meant to be used and not hoarded like I do for BTC because its use case is vastly different. You can say the same about eth and solana as they don’t have a cap but we must always be aware of their respective inflation rate percentage.
Doesn’t seem like you were here in the bear. ETH maxis started a culture of aggression against all “non-ETH” aligned chains, including BTC. Basically, they were FUDing everyone else none stop. Worst of all, they were showing their belligerency when everyone else was down so much worse compared to ETH. It was just pure insufferable. All the big industry players seemed dead set to burn/slander all other chains and make ETH the king in the cycle. News outlet like CoinDesk wrote hit pieces one after another on non-ETH ecosystems while they use double standards to prop ETH L2s. It was bleak and many non-ETH communities sort of accepted they were bad in position. Crypto is risky and we get it, we can make bad investments and lose money. But infuriates me to this day is some of these maxis condescending attitude and gaslighting users. 1) ETH maxis accuse all alt chains as useless VC coins and are insecure. Yet, they tell everyone who can’t stand ETH main net gas to just accept “you’re poor” and use even L2s. The L2s are provably worse on security and more dominated by VCs - it goes to show the hypocrisy. If you raise critique against these loudmouth maxis, you were either called “poor” or “too stupid”. For example, one of my biggest complaint against ETH in the bear was how terrible its main wallet, MetaMask was. There were already tools readily available to provide some basic protection against drainers. But MetaMask simply refused to integrate them. Instead, the space loves to resort to victim shaming and refused to acknowledge MetaMask’s bad UX. When I argue the Phantom Wallet has better UX, and MetaMask can learn from it to better protect users, I often get dismissed with tangential points like Phantom is closed source. Surprise surprise, after Solana rallied, MetaMask now have these upgrades to better UX. It tells me the ETH devs were so overconfidently of themselves that they can only act reactively instead of proactively. Granted, I am a bit over generalizing because not all ETH maxis are rich pricks who are full of themselves. 2) Then you have all these insufferable ETH VCs pushing “Web 3”, “GameFi”, “SocialFi”, etc. ponzi as some next catalyst to “onboard” or “legitimize” crypto to the masses. You challenge them on common sense ground, they gaslight you with nonsense. They make up stories and experiences, to dismiss legitimate critiques. Now it is pretty clear gamers still hate “Web 3” bull shit and much of their ETH VC bs had no real grounds to stand on. Ppl say crypto builds in the bear. It was a shocking revelation that all the liquidity landed on ETH VCs building BS with no real hope getting this space into adoption. Solana appeared to stand against all the ETH BS I saw in the bear. I really hope all these ETH VCs who push these garbage ponzis get liquidated by their LPers at the end of this cycle. They are what cause the real harm to the crypto reputation. So no, the tribalism needs to continue until the space get same senses and capital from these bad faith ETH VCs get reallocated away to somewhere more efficient.
#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.
Have you ever used the terminal/command prompt on your computer? Think of the difference in user experience between that and a good graphical app. Most crypto UX is at the terminal stage. We need to build good abstractions that keep the power of non-custodial wallets while automatically handling most of the details. Another way to think of it is websites today. We have some friction when moving between websites, but usually less than moving between chains. It wouldn't be sensible to have just one website that did everything though, even though in theory it'd be possible.
Superior chain in terms of cost, speed, settlement, and UX/UI. Try it for yourself.
#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.
No, lost mine in the mists of time. It was very early days for the network, not a very good UX, no such thing as BIP 39 - your really had to have conviction and to know what you were doing.
This is good news for all projects listed on Magic Square. 66M is enough to kickstart some new development and UX improvements.
Buy coin, withdraw to wallet. *this UX is good* Buy ETH, withdraw to L2 wallet. *I just don't like L2's* Reddit users are deeply unserious people