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Joined 10 months ago
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Cake day: May 27th, 2024

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  • vga@sopuli.xyztomemes@lemmy.worldEtherium logo finally makes sense
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    2 days ago

    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?




  • General rule for posting stock prices: sometimes things are obvious when you zoom out a bit.

    In this particular case, Reddit stock price is still up several percentage points from the Trump rally that affected just about every tech stock after 2024-10-30 about. Same applies to other stocks like Tesla.

    So at this point it’s nothing more than a return to normal. No need to attribute anything more to it. But sure, if this descends keeps going for some time more, it’ll be different.