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0 sats \ 12 replies \ @RedNinja39 17 Nov 2022 \ on: In the meantime in ETH world...😂 bitcoin
To make matters worse, you didn't even have to agree to it on some exchanges. If your ETH was staked, or even sometimes held there, it would be converted into ETH2 for the merge. Im still trying to figure out what to do with mine
Can someone ELI5? If I have some random ETH is it "eth2"? Can that be cashed out?
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Yes, "eth2" is Ethereum. They tried to stop calling it Ethereum 2.0 because people got confused and thought they have to do something. They don't.
Every Ethereum in existence is still the same as before the merge. You can now only also stake it. Then you can't cash out (except for liquid staking).
The only other Ethereum tokens are ETHW (ETH which still uses Pow) and ETC (classic ETH where the DAO hack isn't reverted)
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Whats the point of ETHW? Is it just that its still mine-able??
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Sell it? What else do you need to figure out?
Maybe you want to wait until the exchange rate peaks again for most profit. Been there, done that. But then I realized I am holding a hot potato and wanted to get rid of it asap. No reason why it should peak again, ETH like most shitcoins didn't hit their previous ATHs regarding their BTC exchange rate (if I am not remembering it falsely)
Easens one's mind.
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just sell it and free your mind. swap for bitcoin, take self-custody. if eth peaks, bitcoin will have already peaked again. all these scams ride bitcoin's coat tails
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I agree. No real point in holding if its just going to rise in tandem with bitcoin. But if some big ETH based metaverse project takes off…couldn’t it have a chance to surpass?
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I don't think anyone can define "ETH based metaverse project" besides marketing people from companies trying to get a piece of a cake that doesn't even exist lol.
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I guess what i’m talking about could be better defined as a web3 project on the ethereum blockchain, using ETH as its main token. It would have to be a massive, widely adopted project to have any hopes tho…i think…
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The thing is that these are concepts created by marketing people and they are trying to force people to used them. Web3 is absolutely nothing else than an idea, there are not Web3 projects besides the ones in the minds of some people and their promises. Can you or anyone name any "Web3" project?
I think this is a great topic for a new discussion.
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yes. it's the equivalent of buying several scratch offs at your local market in hopes to make a quick cuckbuck.
remember all those crypto-bros were shilling these "low cap gems" because of their supposed utility then elon randomly pumps dogecoin, a known memecoin, and out performs everyone.
stay humble, stack sats, hodl your own keys, run your own bitcoin, and collaborative spend.
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I think you replied to the wrong person haha
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whoopies
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