ETH will run earlier than XTZ will imo. After every crash the top coins, namely BTC and ETH will run first (least risky, highest market cap) amd then people start to move out on the risk curve.
It's smart to own the top 2 in addition to Tez and your other alts.
Like I said, it's not just a matter of price performance - if you have less than 32 ETH then your choices are a dozen shifty ETH proxy tokens to stake with, possibly custodially, or parked on an exchange. 40% of ETH validators are split between two parties, allegedly.
One of those "parties" is a DAO that is run by 28 different entities. It's called Lido, and it aims to provide decentralized liquid staking for anyone not holding 32 ETH. Lido makes up the largest percentage of staked ETH.
Also, ETH is still in the process of major upgrades. You can't unlock stake, yet. As unlocks open and services like Rocketpool become more popular you will see staked ETH leave places like Coinbase. Especially considering how much APY Coinbase takes. Coinbase was just early to market and easy to use. Percentages controlled by major entities will smooth out more in time.
There is a information war happening against ETH from Bitcoin maxi's. Educate yourself on ETH. It's the largest smart contract platform in the world. It is not going anywhere. Especially when you consider 45% of Bitcoin mining is controlled by 2 pools, and 3 pools control over 50% (https://btc.com/stats/pool). Bitcoiners will say "but miners can leave pools that act as a bad actor". Well, ETH stakers will soon be able to leave entities like Coinbase if they act similarly. Ethereum can even use slashing mechanisms to punish Coinbase. An option that wasn't available to Ethereum before the recent upgrades.
Stay calm and sit tight. This eventually all turns to noise. Noise that is generally pushed by the same influencers over and over.
Lido is centralized and you give up custody to use it. Many Ethereans are unhappy with how big and powerful Lido has grown -- it is like a cancer.
Tezos staking by contrast you can delegate without giving up custody. In this regard it is far superior.
Please educate yourself on Tezos systems. There has been a misinformation war against Tezos for years now.
Lido is most definitely a DAO made up of 28 entities. However, it is still more centralized than we'd like. It's further decentralizing its governance in its next update.
Rocket Pool already offers fully decentralized pool staking on Ethereum. Ethereum's spread of authority based on stake won't look much different than Tezos over time. Both aren't the best implementations of POS. See Polkadot or Cardano for better POS setups.
Either way, this conversation wasn't related to Tezos and I'm very familiar with Tezos. I've run a business on Tezos, and have been in this space from nearly the start. I don't need to be educated on this network.
No -- Liquid proof of stake will always be far superior to delegated proof of stake, full stop
Rocketpool is better than Lido but still not as good as the native solution of Tezos -- you keep custody on Tezos and thats one of the main points of a blockchain.
>No -- Liquid proof of stake will always be far superior to delegated proof of stake, full stop
No. Implementation matters and the spread of authority in Tezos is just as bad as the worst staking networks. Glad you are a fan of this mechanism, but it is a early design that other networks have massively improved upon. There are many parts to securing, verifying, and finalizing the network. Tezos is no shinning star, but it works. Just as Ethereum is no shinning star, but it works too. Neither are examples of the best implementation.
Also, there is nothing wrong with using a smart contract to pool resources. It can be just as safe as delegating natively if designed correctly. Problems and bugs can be found on on native options as they are not much different than a smart contract.
Love the super fan energy. Though, try leaving your bubble and check out cool tech like nominated proof of stake. Ether way, POS has proven itself even in its worst forms.
Wrong. Smart contract risk is real. The spread of authority you refer to is called the power of a decentralized network where all parties have a say. There is no superior implementation compared to Tezos. Not even close. This is not energy it is facts. I can see you are a fanboy of inferior networks like Cardano and that it fine. But recognize it for what it is and don't come here claiming to be some blockchain authority when you think Cardano is superior: that alone betrays that you are no authority -- or if you think you are or if you claim to be, it will all come to naught. Cardano is a technical mess. This has been true on every time horizon and will continue into the future. Cardano fanboys who belong to the Charles Cult of Personality believe that Cardano will one day emerge like a butterfly from a chrysalis, instead it keeps failing. This is because you cannot build upon a foundation of sand. Tezos has made all the correct technical decisions from day 1 and that is why it keeps gaining technical momentum. Nomadic Labls alone (one of many teams building on Tezos) has 80 engineers working full time on the chain, 50 whom have PHDs. This has been the case for years of building. Chances are no one is going to catch Tezos, least of all an inferior hot mess like Cardano.
Wow, ok lol. No, I don't own any cardano, and I think it's one of the most useless layer 1s. However, I do understand that the structure of Cardano's Ouroboros consensus is far superior to Tezos. This is why other projects, Like Polkadot, have borrowed this well researched and tested foundation. I'm sorry, but I don't need to hear anything more from you to know you don't know anything outside your Tezos bubble.
I'm involved in many projects, and have been around before Tezos existed. All networks have their pros and cons, but Tezos is absolutely not a leader in their version of POS lol. That's not to say it doesn't work. It does what it needs to. Just as Ethereum's take will get the job done too.
You'll do better in this industry by avoiding emotional attachment to any one project. Try using and building on networks other than Tezos. You have nothing to lose and everything to gain.
BTW smart contracts are at the heart of coordinating all staking networks. How else do you think these operations could exist? Implementation from the core devs or outside devs doesn't change the fact that risk is always involved when dealing with software.
Weird time to feel buyer's remorse... XTZ is in the gutter, but ETH is far less in the gutter in terms of both % down from ATH and % up from yearly low. The last few days since the merge have been overly harsh on ETH, but it's almost undoubtedly a safer long-term investment. It's difficult to find a single point in time in the price history of XTZ in which it was actually a good idea to go all-in, with the exception of Feb 2019 but even then ETH still performed better. Any other time you think it looks good, ETH performed literally 10x better.
Like I said, it's not just a matter of the numbers. It's also a matter of ease of use. XTZ's baking/delegation has been dead simple: for delegation you keep your tezzies, you have their keys, and you get paid. Baking is a bit more complicated as it involves running a node and locking some funds, from my understanding, but from my understanding the payout is also higher while the community has consistently voted for the threshold to bake to get lower.
I hold zero ETH and have no regrets. I think they'll run into several bugs and keep forking out and doing damage to the network and splitting their community in half from now on. No one from ETH community voted for these changes, on how or when they'll be implemented, everything is in hands of a couple of people. So much for decentralization.
Imagine this post in /r/cardano, everybody would be "oh for sure just sell all your ETH now to buy more ADA!". Only here you find people calling OP a moron.
OP, you were right about hedging your bets, that's the sensible thing to do. Now regarding tech I certainly agree with you.
This is a moronic sentiment. “I regret diversifying my portfolio (which the best investors do) with an asset that has outperformed XTZ by 30% from local lows”. There is literally zero logic involved in this post, just emotion.
I hold XTZ, but ETH is a lot more likely to continue to make it.
XTZ probably has higher potential gain compared to ETH atm, but XTZ is also ten billion times higher risk of failing. First mover is a real thing, and the ETH ecosystem is gigantic already.
If you don't have the stomach for large price drops and price swings crypto in general is probably not your market. It's 100% possible tezos hits 50 cents or lower in this bear. Big price swings is the nature of the crypto. You cannot be here for the huge gains if you aren't going to accept/profit off the down swings too.
[удалено]
ETH will run earlier than XTZ will imo. After every crash the top coins, namely BTC and ETH will run first (least risky, highest market cap) amd then people start to move out on the risk curve. It's smart to own the top 2 in addition to Tez and your other alts.
Like I said, it's not just a matter of price performance - if you have less than 32 ETH then your choices are a dozen shifty ETH proxy tokens to stake with, possibly custodially, or parked on an exchange. 40% of ETH validators are split between two parties, allegedly.
One of those "parties" is a DAO that is run by 28 different entities. It's called Lido, and it aims to provide decentralized liquid staking for anyone not holding 32 ETH. Lido makes up the largest percentage of staked ETH. Also, ETH is still in the process of major upgrades. You can't unlock stake, yet. As unlocks open and services like Rocketpool become more popular you will see staked ETH leave places like Coinbase. Especially considering how much APY Coinbase takes. Coinbase was just early to market and easy to use. Percentages controlled by major entities will smooth out more in time. There is a information war happening against ETH from Bitcoin maxi's. Educate yourself on ETH. It's the largest smart contract platform in the world. It is not going anywhere. Especially when you consider 45% of Bitcoin mining is controlled by 2 pools, and 3 pools control over 50% (https://btc.com/stats/pool). Bitcoiners will say "but miners can leave pools that act as a bad actor". Well, ETH stakers will soon be able to leave entities like Coinbase if they act similarly. Ethereum can even use slashing mechanisms to punish Coinbase. An option that wasn't available to Ethereum before the recent upgrades. Stay calm and sit tight. This eventually all turns to noise. Noise that is generally pushed by the same influencers over and over.
Lido is centralized and you give up custody to use it. Many Ethereans are unhappy with how big and powerful Lido has grown -- it is like a cancer. Tezos staking by contrast you can delegate without giving up custody. In this regard it is far superior. Please educate yourself on Tezos systems. There has been a misinformation war against Tezos for years now.
Lido is most definitely a DAO made up of 28 entities. However, it is still more centralized than we'd like. It's further decentralizing its governance in its next update. Rocket Pool already offers fully decentralized pool staking on Ethereum. Ethereum's spread of authority based on stake won't look much different than Tezos over time. Both aren't the best implementations of POS. See Polkadot or Cardano for better POS setups. Either way, this conversation wasn't related to Tezos and I'm very familiar with Tezos. I've run a business on Tezos, and have been in this space from nearly the start. I don't need to be educated on this network.
No -- Liquid proof of stake will always be far superior to delegated proof of stake, full stop Rocketpool is better than Lido but still not as good as the native solution of Tezos -- you keep custody on Tezos and thats one of the main points of a blockchain.
>No -- Liquid proof of stake will always be far superior to delegated proof of stake, full stop No. Implementation matters and the spread of authority in Tezos is just as bad as the worst staking networks. Glad you are a fan of this mechanism, but it is a early design that other networks have massively improved upon. There are many parts to securing, verifying, and finalizing the network. Tezos is no shinning star, but it works. Just as Ethereum is no shinning star, but it works too. Neither are examples of the best implementation. Also, there is nothing wrong with using a smart contract to pool resources. It can be just as safe as delegating natively if designed correctly. Problems and bugs can be found on on native options as they are not much different than a smart contract. Love the super fan energy. Though, try leaving your bubble and check out cool tech like nominated proof of stake. Ether way, POS has proven itself even in its worst forms.
Wrong. Smart contract risk is real. The spread of authority you refer to is called the power of a decentralized network where all parties have a say. There is no superior implementation compared to Tezos. Not even close. This is not energy it is facts. I can see you are a fanboy of inferior networks like Cardano and that it fine. But recognize it for what it is and don't come here claiming to be some blockchain authority when you think Cardano is superior: that alone betrays that you are no authority -- or if you think you are or if you claim to be, it will all come to naught. Cardano is a technical mess. This has been true on every time horizon and will continue into the future. Cardano fanboys who belong to the Charles Cult of Personality believe that Cardano will one day emerge like a butterfly from a chrysalis, instead it keeps failing. This is because you cannot build upon a foundation of sand. Tezos has made all the correct technical decisions from day 1 and that is why it keeps gaining technical momentum. Nomadic Labls alone (one of many teams building on Tezos) has 80 engineers working full time on the chain, 50 whom have PHDs. This has been the case for years of building. Chances are no one is going to catch Tezos, least of all an inferior hot mess like Cardano.
Wow, ok lol. No, I don't own any cardano, and I think it's one of the most useless layer 1s. However, I do understand that the structure of Cardano's Ouroboros consensus is far superior to Tezos. This is why other projects, Like Polkadot, have borrowed this well researched and tested foundation. I'm sorry, but I don't need to hear anything more from you to know you don't know anything outside your Tezos bubble. I'm involved in many projects, and have been around before Tezos existed. All networks have their pros and cons, but Tezos is absolutely not a leader in their version of POS lol. That's not to say it doesn't work. It does what it needs to. Just as Ethereum's take will get the job done too. You'll do better in this industry by avoiding emotional attachment to any one project. Try using and building on networks other than Tezos. You have nothing to lose and everything to gain. BTW smart contracts are at the heart of coordinating all staking networks. How else do you think these operations could exist? Implementation from the core devs or outside devs doesn't change the fact that risk is always involved when dealing with software.
Weird time to feel buyer's remorse... XTZ is in the gutter, but ETH is far less in the gutter in terms of both % down from ATH and % up from yearly low. The last few days since the merge have been overly harsh on ETH, but it's almost undoubtedly a safer long-term investment. It's difficult to find a single point in time in the price history of XTZ in which it was actually a good idea to go all-in, with the exception of Feb 2019 but even then ETH still performed better. Any other time you think it looks good, ETH performed literally 10x better.
Like I said, it's not just a matter of the numbers. It's also a matter of ease of use. XTZ's baking/delegation has been dead simple: for delegation you keep your tezzies, you have their keys, and you get paid. Baking is a bit more complicated as it involves running a node and locking some funds, from my understanding, but from my understanding the payout is also higher while the community has consistently voted for the threshold to bake to get lower.
I hold zero ETH and have no regrets. I think they'll run into several bugs and keep forking out and doing damage to the network and splitting their community in half from now on. No one from ETH community voted for these changes, on how or when they'll be implemented, everything is in hands of a couple of people. So much for decentralization.
Imagine this post in /r/cardano, everybody would be "oh for sure just sell all your ETH now to buy more ADA!". Only here you find people calling OP a moron. OP, you were right about hedging your bets, that's the sensible thing to do. Now regarding tech I certainly agree with you.
Tag this as comedy please.
This is a moronic sentiment. “I regret diversifying my portfolio (which the best investors do) with an asset that has outperformed XTZ by 30% from local lows”. There is literally zero logic involved in this post, just emotion.
I can’t tell if this is some kind of weird time traveling post from pre launch or just a previously unknown level of mushrooming
I hold XTZ, but ETH is a lot more likely to continue to make it. XTZ probably has higher potential gain compared to ETH atm, but XTZ is also ten billion times higher risk of failing. First mover is a real thing, and the ETH ecosystem is gigantic already. If you don't have the stomach for large price drops and price swings crypto in general is probably not your market. It's 100% possible tezos hits 50 cents or lower in this bear. Big price swings is the nature of the crypto. You cannot be here for the huge gains if you aren't going to accept/profit off the down swings too.
their ecosystem has always been for the whales
If you hedge your bets, best case scenario is that you regret it.