memes

What's the exchange rate of Reddit karma to Lemmy nothings?

I didn't even know the counter could go to 4 digits.

1k upvotes here is like the equivalent of 50k on Reddit (probably I'm operating on dated info, who knows how much they screwed with the upvoting system by now lmao)

What's funny is that, in 2017, the ETH high was something like $12. (It got up to $1300 in 2018)

Now, it's sitting at $2000 and it's a "crash".

The lesson here is to buy the dip and then check back in 5-10 years.

gotta hodl your memes

This is what happens when you don't use crypto as god intended: purchasing medication from India and subscriptions to indexers.

I'm not saying this is what I bought Monero for.

But this is what I bought Monero for.

Like, crypto in general sucks, but digital anonymous money transfer is almost impossible without it.

You just doing fine so far!

Na in all seriousness what orange Muppet does to the world markets atm is horrible while I wish it to crash on his head I wish everyone of normal people they get rich with whatever.

They are as cyclical as people are cyclical for falling for confidence scams again and again and again ... You can consider something based on how good an investment it is, or based on how ethical it is. Very seldom will both work out. People, don't cry about the rich getting richer, the poor getting poorer, assholes behaving more like assholes, and inflation skyrocketing when you normalize and even crowdsource this sort of relationship with your economy. Don't be surprised when the society that surrounds you is so burnout all you have to spend your money on is shit.

We've seen time and time again that not all crypto prices are cyclical. Ethereum has been performing poorly relative to BTC. If you're just going to forget about it, then you should avoid proof of stake! When you log back in you'll see that everyone who staked was sitting on a musical chair and you're not.

Plus, it's run by a central foundation that bailed itself out when the DAO flopped. Requires attention at best.

Now’s a time to buy.

Never is it a good time to invest in a ponzi scheme. It's just a matter of playing "Greatest Fool".

ETH is a massive premine, making you exit liquidity.

Its basically buying silver instead of gold (bitcoin) because its "cheap".

A cryptocurrency that recently lost a lot of its value

It's a pretty old cryptocoin: initally released back in 2015, and a significant change deployed in 2022. It was then when they changed from proof-of-work to proof-of-stake, which basically means that they don't use mining anymore to keep the network running. They use like 1% of energy compared to PoW coins.

Also they have some smart contract capabilities which I suppose Ethereum people think are important. But I've never seen any practical use for that stuff.

Still, I think Eth is one of the cryptos that actually tries to be useful and efficient in some way and not just a stupid pump and dump scheme. Turns out, nobody gives a fuck about that, perhaps?

Ethereum is a petroleum based lube used in gay porn. When multiple dudes double dock during an orgy, that's called a block chain. The ethereum on their foreskins creates an immutable ledger.