Hot post from r/ethereum and e/ethtrader

I truly believe ETH is #1…

​ It has the largest developer community and ecosystem of any cryptocurrency, which means there are many people working on the platform and building new applications on it. Ethereum has the ability to process transactions more quickly than Bitcoin, which makes it more suitable for some applications. Ethereum is more flexible than Bitcoin, as it allows users to build and run decentralized applications, or “dapps,” on its platform. This means that it has the potential to be used for a wider range of applications than Bitcoin. Ethereum has a strong track record of stability and security, which has contributed to its widespread adoption. Ethereum has a transparent governance model, with decisions made by the community through a democratic process. We are down 74% from ATH of $4,878.26 about a year ago, but we all know how volatile cryptocurrency is, in general. I’m staying the course, buying on a schedule (DCA), staking, and day trading seldomly. I do options for stocks, but haven’t had the time/energy to research how to do it on cryptocurrency… yet lol. I love the ETH community and the DEVs are so amazing! Here is a virtual hug for you, hug me back when the bear awakes from the hibernation! submitted by /u/bzzking [link] [comments]

Inflows into the crypto market from prominent investment funds in the industry in 2022 have reached their lowest level since 2018.

Despite such a drastic drop in value, Bitcoin remains the top cryptocurrency in the fund’s sights, with inflows of $287 million. Not being as lucky as Bitcoin, Ethereum had its worst year ever with the amount out of the asset at $402 million. ​ What do people predict for ETH in 2023?📷 I rest ETH, RBIF will explode at the end of 2023 or 2024📷 submitted by /u/DavisSsS1373 [link] [comments]

Reason why a lot of crypto companies have been collapsing recently.

The major factors were the bear market, poor risk management and unsustainable reward systems. This led to people withdrawing their funds from crypto. This put pressure on the Terra stablecoin. This caused the Luna/UST pair’s stabilization mechanism to break down, leading to the collapse of the Luna and Terra systems. Celcius also made high-risk investments (poor risk management) which also contributed to its collapse. Three Arrows Capital (3AC), was also affected by the Luna/Terra collapse and defaulted on loans from other companies, including Voyager and BlockFi. Voyager and CoinFlex have also faced cash flow issues and halted withdrawals due to being owed large amounts by other parties. BlockFi was bailed out by FTX to prevent further fallout. Their exposures to the Luna/Terra system and risky investments likely played a role in their collapses. And recently there’s FTX. They collapsed because they committed crimes like fraud, insolvency, and trading against customers using inflated balance sheets and customer funds. Alameda also inflated FTX’s balance sheet and used it to obtain credit for crypto gambling, similar to the actions of the collapsed company Enron. FTX was doomed to collapse regardless of these actions. Now what about a few of the CEXs and CeFi platforms that are still alive today? Kraken so far has a solid leadership team, multiple sources of revenue, good risk management, a strong reputation, and the ability to adapt to change which have all contributed for it to stay relevant. Haru Invest is not a lending company unlike the other CeFi platforms that have gone under. They focus on arbitrage trading with only BTC/ETH. It’s basically buying an asset at a lower price in one market and then selling it at a higher price in another market or exchange to make a profit. It’s a way to take advantage of price differences and try to earn some cash. They basically differ from the CeFi platforms like Celsius and Voyager since they use a lending business model. Crypto is repeating the history of banking, including unregulated banks (most crypto exchanges), exit scams, fractional reserve practices, pyramid schemes, Ponzi schemes, uninsured bankruptcies, and bank heists (hacks). How can surviving projects and companies avoid similar problems in the future? The proper response for people is to withdraw their funds, while for companies is to declare bankruptcy to ensure partial payment for all. However, some may be too ignorant to do so. Can you think of any other reasons for the market-wide collapse? submitted by /u/Emotional_Ratio_3251 [link] [comments]

Sam Bankman-Fried Will Plead Not Guilty to Fraud Charges, Faces 115 Years if Convicted

FTX founder Sam Bankman-Fried will reportedly plead not guilty to fraud charges related to the collapse of the crypto exchange last year. He is accused of defrauding investors and misusing billions of dollars from the exchange, including using customer deposits for his own purposes. Bankman-Fried is set to appear in court on Tuesday to enter his plea. If convicted, he could face up to 115 years in prison. The former CEO of Alameda Research, Caroline Ellison, has already pleaded guilty and agreed to cooperate with investigators. submitted by /u/Acceptable-Sort-8429 [link] [comments]

Vitalik Buterin Expresses Optimism For Ethereum Surge In 2023

Buterin said he was looking forward to hitting the “basic rollup scaling” milestone outlined in the Ethereum roadmap. The Ethereum developer also announced that the Ethereum Improvement Protocol (EIP) 4884, which was dropped from the forthcoming Shanghai update package scheduled for March, will be reintroduced at some point in 2023. submitted by /u/fishcalledbob [link] [comments]

Nearly $9 Billion worth of ETH Has Been Burned Since EIP-1559 Deployment

The second largest cryptocurrency by market capitalization, Ethereum (ETH), implemented a token burn mechanism on August 5, 2021, through the Ethereum Improvement Proposal (EIP) 1559 upgrade. There, nearly $9 billion in ETH was burned, data from Glassnode shows. A total of about 2.8 million ETH has been removed from the supply since the burn mechanism was established, according to data from ​ Do people believe the return of ETH in 2023?📷 submitted by /u/Realistic-Intern-604 [link] [comments]

The difference

The difference

Don’t ever let the noise or market conditions get you down. You are in the right place at the right time. We merged. We are scaling. We are growing as a community and ultimately we will flip you know what. Hang strong and happy 2023 to all ethtraders. submitted by /u/Visible-Ad743 [link] [comments]   ​Read …

The difference Read More »

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DeFi really isn’t that hard to learn. It just seems hard because we’ve always been used to banks taking care of our finances.

One thing holding back DeFi from being more mainstream than it currently is, is the fact that it’s perceived “hard” to learn. And yeah sure, DeFi (as with any other form of finance) has its own difficulties but its really not rocket science. With a couple days worth of research a dozen transactions here and …

DeFi really isn’t that hard to learn. It just seems hard because we’ve always been used to banks taking care of our finances. Read More »

[Governance Poll Proposal] Reward devs, past and future, who organize monthly donut distributions

This is a proposal to conduct a Governance Poll to approve the awarding of donuts to individuals who organized monthly donut distributions in the past, and to create a recurring Donut Initiative for the monthly donut distribution organization moving forward. I’d suggest 25K donuts per donut distribution, only because that is already 2.5% of the …

[Governance Poll Proposal] Reward devs, past and future, who organize monthly donut distributions Read More »