Bitcoin Forum
April 25, 2024, 06:52:12 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 [8]  All
  Print  
Author Topic: Vitalik openly admits he doesn't trust his creation  (Read 7175 times)
jlspartz
Full Member
***
Offline Offline

Activity: 205
Merit: 100


View Profile
June 26, 2017, 06:48:28 PM
 #141

I believe Ethereum will collapse:

What makes a currency stable?  It's wide distribution to avoid huge fluctuations from wiping out the market.

ETH is doing just the opposite.  The ICOs are generating $100M given to them in ETH.  Everyone buys and dumps into one person's hand.  Then on to the next and repeat.

Don't you think one of these scam ICOs will just want a quick bailout and dump it all?  Let's say every single ICO doesn't do that, and all projects out there are legit.  They raised the ICO money to develop a project.  They need to fund these said projects.  Now how do they do that?  By dumping millions in ETH of course.  And the instability just multiplies with each ICO.

Sidenote: When you have a currency that chokes on 10,000 transactions in an hour, and shuts down the network at 20,000, how do you expect to handle the world's transactions?

What I'd tell you 2 days ago - ICOs are cashing out of ETH.
1714027932
Hero Member
*
Offline Offline

Posts: 1714027932

View Profile Personal Message (Offline)

Ignore
1714027932
Reply with quote  #2

1714027932
Report to moderator
1714027932
Hero Member
*
Offline Offline

Posts: 1714027932

View Profile Personal Message (Offline)

Ignore
1714027932
Reply with quote  #2

1714027932
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714027932
Hero Member
*
Offline Offline

Posts: 1714027932

View Profile Personal Message (Offline)

Ignore
1714027932
Reply with quote  #2

1714027932
Report to moderator
Spoetnik
Legendary
*
Offline Offline

Activity: 1540
Merit: 1011


FUD Philanthropist™


View Profile
June 27, 2017, 02:18:54 AM
 #142

Uhhh he already admitted to dumping in the past  Cheesy
Apparently he was in need of 1 million dollars.
So yeah.. Carry on saying it's hypothetical.
So he can dump more with 0 accountability.
He doesn't even have to come here and explain himself.
You all do the cheerleading for him  Cheesy

FUD first & ask questions later™
Pages: « 1 2 3 4 5 6 7 [8]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!