The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I watched a lecture with Gary Genslwr and he classified eth as a non security. He said if it had been classified in 2014 it would have been classified as a security, but it is sufficiently decentralised today that it would not be classified that way.
https://ultrasound.money/
I wouldn’t be so quick as to throw ETH in with the rest of the xxxxcoins; it’s not the same.
Good post K3v, sorry for my recent hostility. Ref Eth, since the London hard fork the currency has switched to deflationary. A portion of the eth required for transactions is being burnt, hence the supply will start to decrease, is a few thousand pounds worth of eth currently each day. This hard fork is decided amongst miners, a signal is sent out on the network for a proposal and miners signal back if they want to implement, a majority vote would result in the change being implemented. I Believe the same thing is true for the recent taproot adjustment to BTC; I’m not 200% sure it’s tight to compare the two upgrades, that is beyond my knowledge so far. But as far as I know changes can be made to the code of any crypto currency.
https://www.sharebuyers.co.uk/shares/boatman-capital-feebly-tries-sinking-argo-blockchain-ship/
Apologies if already posted.
Sorry for the out burst but some people watch one Michael Saylor interview and think they understand the whole space. I just took umbrage with the flippant classification of ETH as a ****coin. I’ve been here since November 2020 so I’m pretty zen on this one :) Best of luck to all
Ethereum is an infrastructure to build Distributed Apps using blockchain technology. It is an entirely different and expanded concept. You shouldn’t accuse things you don’t understand as a ponzi scheme, currently many uneducated in crypto believe Bitcoin is a Ponzi scheme…. It’s just a lack of understanding that leads people to come to that conclusion.
Indeed, I mine myself so watch these metrics closely. I use GPU’s though so obvs ETH is key for me up until July. My rtx 3080 was showing 500gbp projection for 30 days yesterday lol, settled down again now to ~300 (2070 was at 115gbp for 120 watts :)) I wish I had the cash to scale up like ARB. Content with chucking mining profits in here monthly :)
Collapsing SP aside, looks like the difficulty will drop 20% or more at the end of the month. Good News :)
I heard the drop in hash rate was because of a flood at a facility in China, will be interesting to monitor this up until May:
https://diff.cryptothis.com/