[ANN] Ethereum: Welcome to the Beginning - page 29.

gageproject

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Quote from: ivomm on December 02, 2021, 09:07:58 AM

Gary Gensler: “In my opinion, Ethereum passed the Howey Test and that means that it would be considered a security.”
https://twitter.com/BTCGandalf/status/1466159935843094531

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If SEC declares ETH as a security, US exchanges (Coinbase, Kraken and others) will have to delist it, since it is not a registered security which must be traded on regulated exchanges. And the switch to POS will only worsen SEC's attitude.

Of course, but ETH does not stand on it's own here. Almost every ICO passes the Howey Test if you follow the logic of Gensler in that video.

I do not disagree, but I don't think ETH realistic to think that regulators will make a move on the foundation or ETH exchange listings, whatever happens, the rules are updated after it happened.

ivomm

legendary

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All good things to those who wait

Gary Gensler: “In my opinion, Ethereum passed the Howey Test and that means that it would be considered a security.”
https://twitter.com/BTCGandalf/status/1466159935843094531

------------

If SEC declares ETH as a security, US exchanges (Coinbase, Kraken and others) will have to delist it, since it is not a registered security which must be traded on regulated exchanges. And the switch to POS will only worsen SEC's attitude.

zasad@

legendary

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https://blog.ethereum.org/2021/11/22/finalized-no-32/
Kintsugi🍵 in progress – testnet to come
Stakers must upgrade for Arrow Glacier

At the start of November, the Kintsugi🍵 month-long Merge sprint began! Kintsugi specs and milestones/plans were released, and now client teams are deep into the sprint with an aim to launch a persistent testnet in the first week of December.
https://notes.ethereum.org/@djrtwo/kintsugi-milestones

becoin

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Activity: 3431

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Quote from: Inagame on November 26, 2021, 01:08:31 PM

Do you know that JP Morgan purchased Infura with ConsenSys and that is why they are saing it is better investment tha Bitcoin?

J.P. Morgan, Mastercard and UBS AG have bought the only fully fledged ETH node.
What might go wrong?
Feel pity for all the ETH maximalists and VB fanatics!

Bohdan820

hero member

Activity: 882

Merit: 628

Vitalik Buterin proposed a method to reduce the cost of transactions in L2 for Ethereum

Rollups are in the short and medium term, and possibly the long term, the only trustless scaling solution for Ethereum. Transaction fees on L1 have been very high for months and there is greater urgency in doing anything required to help facilitate an ecosystem-wide move to rollups. Rollups are already significantly reducing fees for many Ethereum users: l2fees.info frequently shows Optimism and Arbitrum providing fees that are ~3-8x lower than the Ethereum base layer itself, and ZK rollups, which have better data compression and can avoid including signatures, have fees ~40-100x lower than the base layer.

- Optimistic and ZK rollups under sharding
- Who would store historical data under sharding?

https://notes.ethereum.org/@vbuterin/data_sharding_roadmap

Inagame

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Do you know that JP Morgan purchased Infura with ConsenSys and that is why they are saing it is better investment tha Bitcoin?

onecall123

sr. member

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Merit: 323

Quote from: Daltonik on November 24, 2021, 12:22:22 PM

Since the activation of the London update on the Ethereum network, the protocol has withdrawn more than 1 million ETH from circulation, at a cost of more than $ 4.2 billion.

Quote from: https://twitter.com/ultrasoundmoney/status/1463494305381822464

That's a great achievement.

Over one million Ethereums were burned in last 111 days. Ether has become deflationary because of the London hard fork upgrade implemented by the Ethereum network. With today's exchange rate, more than $ 3.8 billion worth of ethereum has been burnt since then.

Daltonik

legendary

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Since the activation of the London update on the Ethereum network, the protocol has withdrawn more than 1 million ETH from circulation, at a cost of more than $ 4.2 billion.

Quote from: https://twitter.com/ultrasoundmoney/status/1463494305381822464

zasad@

legendary

Activity: 1932

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Kintsugi Spec v2
https://hackmd.io/@n0ble/kintsugi-spec
"This document defines the version of the Merge specification that is considered to be implemented for Kintsugi🍵 – the Merge sprint for November 2021 – and provides additional guidance to client developers."

Announcing Grants for Advocacy Non-Profits
https://blog.ethereum.org/2021/11/16/advocacy-grants/

Mrpumperitis

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https://twitter.com/MetisDAO/status/1462589569359036422
Really nice to see VB and the Metis team having a great time 😍

zasad@

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https://trent.mirror.xyz/82eyq_NXZzzqFmCNXiKJgSdayf6omCW7BgDQIneyPoA
"The Merge
Timeline → 5-8 months

It’s one of the most widely anticipated protocol changes for both Ethereum as well as the broader crypto space. For much of our industry’s existence, PoW and its negative perceptions around energy consumption have dominated popular media. Ethereum will be the largest protocol ever to hot swap its consensus mechanism, and in turn, hopefully change the narrative."

dark1234

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Quote from: tbct_mt2 on November 18, 2021, 11:13:57 AM

Quote from: r_victory on November 18, 2021, 11:08:14 AM

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

You have no choice now.

Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down.

Or they will be deployed, bridged to other chains with cheaper transaction fee.

r_victoryin the same situation as me, some tokens that may remain trash in the wallet because of the high cost of gas which does not match the tokens that will be sold unless there is a price increase.
while deployed, to other alternative chains or networks such as polygons for example with cheaper transaction fees. I don't think it will be possible because most of the tokens stored are old smart contracts

Mrpumperitis

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Activity: 2758

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Quote from: tbct_mt2 on November 18, 2021, 11:13:57 AM

Quote from: r_victory on November 18, 2021, 11:08:14 AM

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

You have no choice now.

Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down.

Or they will be deployed, bridged to other chains with cheaper transaction fee.

Ethereums #1 scaling solution goes live today.
🥳🥳🥳🥳🥳
Metisdao mainnet launch is hours away.
👏👏👏👏👏

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: r_victory on November 18, 2021, 11:08:14 AM

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

You have no choice now.

Accept expensive cost from swap, transaction fee or simply hold those tokens. Wait for any upgrade from Ethereum that can reduce transaction fee on its network very considerably. If your problem is low value of your tokens, and if you swap them, transaction fee will eat up all the value, the best choice is hold them and hope that they will rise up in value as well as transaction fee on Ethereum network will fall down.

Or they will be deployed, bridged to other chains with cheaper transaction fee.

r_victory

sr. member

Activity: 1955

Merit: 381

English<->Pt-BR - Professional Translations(90+)

Quote from: onecall123 on November 16, 2021, 10:26:11 PM

As the ETH network demand reaches all time highs, gas fees cannot be expected to decrease any time soon. Even though system improvements are happening and will continue, there is no guarantee they will meet our expectations. Yet, ETH will soon experience the law of supply and demand, resulting in a price increase. This will result in even higher gas prices. Fortunately, we have the option of migrating to another blockchain.

Unfortunately, I have some ERC20 tokens that I would like to sell and the fee is absurd, most of the time the Swap is more expensive than the total value of the tokens. Is there any way to convert the ERC20 into BEP20 or another protocol, is there any such service?

zasad@

legendary

Activity: 1932

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https://weekinethereumnews.com/
Week in Ethereum News
November 13, 2021

"Multi-client devnet to switch off PoW expected late next week
Discussion of how execution layer clients will identify network upgrade for PoW switch off"
https://twitter.com/TimBeiko/status/1459240133752856577

safar1980

legendary

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Payment Gateway Allows Recurring Payments

🚨 Ethereum miners: Plan for PoW to end in 3-6 months (personal estimation)
If you are a small hobbyist considering mining as an investment, please reconsider!

By trent.eth
@trent_vanepps

source
https://twitter.com/trent_vanepps/status/1460994206223290378

zasad@

legendary

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Vitalik shared his thoughts on crypto cities and how blockchain can be used to manage the economy of these cities.
https://vitalik.ca/general/2021/10/31/cities.html
"Blockchains can be very useful in both the more incremental and more radical ideas that were proposed here, even despite the inherently "trusted" nature of a city government."

onecall123

sr. member

Activity: 2156

Merit: 323

Quote from: r_victory on November 14, 2021, 01:49:20 PM

Is there any possibility that the fees will decrease after this upgrade? Since the intention is always to improve the system and I believe this is something that lately has been bothering many who use the Ethereum network and made a good part migrate to other blockchains.

As the ETH network demand reaches all time highs, gas fees cannot be expected to decrease any time soon. Even though system improvements are happening and will continue, there is no guarantee they will meet our expectations. Yet, ETH will soon experience the law of supply and demand, resulting in a price increase. This will result in even higher gas prices. Fortunately, we have the option of migrating to another blockchain.

Inagame

full member

Activity: 435

Merit: 125

Get ready for big dump from ethereum foundation with 20,000 ETH sent to Kraken exchange.
That is what you get when you premine 70% of supply

Topic: [ANN] Ethereum: Welcome to the Beginning - page 29. (Read 2006003 times)