Bitcoin Forum

Im predicting the death of Etherum, and here's why.

https://bitcointalk.org/index.php?topic=3215609.msg41780536#msg41780536

its a pool ,if one pool don't work you think etherum its dead , you can change the pool and ether its alive :)

Hahaha - You seems to be very new in crypto
One pool out of hundreds. That dont matter , believe me

He's not referring to the fact that one pool is having issues.  He's referring to the issue itself as the evidence.  The issue is that transaction fees for ETH are so high right now that this pool stopped sending payments, because they are the ones covering the fee.

There're for sure better options available now that can replace Ethereum completely. Ethereum introduced the concept of "smart contracts", which made it so successful. Now many coins are creating a better interface & system for creating & managing smart contracts.

I'm not expecting any flippening anymore, not at least with Ethereum.

Correct! the ETH fees are too high, and the capacity of the system is too low. This coin cant go on like this, something has to break, and im betting against ETH.

Fees are already getting back to normal. 8 Gwei. FUD.

Its 13 Gwei now. Dont try using charts ect, if u want to just cherry pick a range to support your position.

It doesn't depend on the gas price, but on the gas limit.

https://ethstats.net/

There are critical problems processing and broadcasting blocks.
Ethereum can only manage 15 transactions per second max, and when engines are pushed to their limit, they tend to break, as is the case now.
ETH scaling issues haven't been solved, but there are other coins that have solved that problem, and they are in direct competition with ETH.

If your not moving forward then your moving behind, and ETH cant really do anything about it, its a fundamental flaw at the coins inception.
Other coins will grow, people will move off ETH and into others, and all the while eth will slide slowly, "bit" by "bit" into oblivion.

The lights are going out in the Ethereum Universe.

Really? I'm not seeing any other platform competiing with eth. EOS is the laughing stock of the crypto community. EOS is a piece of centralized garbage, barely anyone uses neo and tron is a scam.

Eth has the 2nd highest trading volume after bitcoin.  Eth isn't going anywhere.

You probably should have done your basic research.

Ethereum scalability has long been an issue and the ETH developers are aware of this and are prioritizing this in the coming updates. If you look at the coming improvements to ETH, most of them are designed to address this specific issue. When Sharding comes, ETH will be able to handle millions of transaction per second.

Instead of spreading FUD, do your homework kid.

vitalik also said he isn't going to do anything about this issue. if that asic devices are going to work and a threat to GPU miners then it has to be asic resistant. anyway, i don't think this will once again kill ETH. POS is coming. those asics may be useless too when that happen right?

i can understand the gas price is going high after all the value of ETH is also rising.

What - because 1 pool...wow.

LOL

Ethereum remains strong and makes this a trigger for future development, do not pessimistic, here we are told to explore the potential that exists.

I don't think ETH is dead, it's still a good investment but there will be newer and more improved altcoins that will take over the market definitely.

How could say such a thing that about ethereum, just that the Market is very down now at list is gradually coming though if you want to invest on eth, this the right time because I can see the Market is going back to Green.

eth will never die. but its not easily makes a new ath. most of token prices depending eth price, so then its not quickly raising. there is lots of tokens smart contracts created according to last summer

I'm not referring to EOS or Tron. I'm referring to the coins which have smart contracts platform "under development" right now, and once they're all ready to go, they might outperform Ethereum. Look at Cardano for example, the thing they're developing is better than Ethereum in almost every way.

Dwarfpoole paid today. Why raise so much noise?
Hashrate ETH Dwarfpool 8 Th/s
Hashrate ETH 285 Th/s                        https://etherscan.io/chart/hashrate

There were times when the Dwarfpool had 20-30% of the total hashrate.

I'm mining ETH for 3 years. If every time I heard about the death of the ETH I was given a dollar, I would already be a millionaire ;D

you reference better alternatives, what are some projects you think may be a better alternative than ETH?

Why exactly do you think Cardano is better? I am not arguing with you, genuinely curious.

Already arrived, and the only one currently available turns out to be LESS efficient (by a hair) but somewhat lower cost than a well-tuned 6-card GPU rig.

Ignore those spam emails proporting to be from "bitmaintech", they are nothing but lies.

The Ethereum-based game Etheremon has decided to partially move off the ETH network and will “explore options” with Zilliqa’s development team. According to the game’s official blog post, battles between users have been taken off-chain because high gas prices have “limited” the Etheremon gaming experience.

I don't like to shill any coin, but since you've asked that, I'd like to give a little insight of what Cardano exactly is (totally based upon my opinion, not a financial advice in any way):

It's much better than Ethereum. As I said earlier, Cardano's smart contract platform (which is not 100% ready yet) is far better than Etheruem's smart contract platform. Cardano released their smart contracts testnet in late May, the "custom" programming language which they've used for that is something which was required in crypto. It's totally unique and made just for Cardano, unlocking the possibilities of many security layers which Ethereum can only dream of.

Next, a little bit off-topic here but worth mentioning if you'd like to know more about Cardano; it's only a matter of time before they completely implement their "BLISS" and become quantum-resistant. IOTA's tangle can literally never be successful (or be better than BLISS) as their tangle is technically flawed with no future (again, it's all my personal opinion).

Everything of Cardano is simply awesome.

I agree, Cardano is pretty darn cool.  However, I don't think ETH is gonna sit idly by and let Cardano take center stage.  Too many coins, ICOs, and DApps rely on ETH to allow it to fail.  Just my opinion, and it's worth all that you paid for it.

So it's much better?  :D :D

Exactly. Too many "good" dApps currently rely on Ethereum, and this is the only reason why it's not gonna be easy to beat Ethereum in terms of popularity and market-cap.

Current major issue of Ethereum: https://www.coindesk.com/vitalik-ethereum-app-builders-screwed-scaling-limits/

I beg to disagree. While I recognize that scaling limits are currently an issue with the Ethereum blockchain, solutions are already being developed. Sharding and other protocols have are already in the works and can be seen on their github page.

What do you think will then happen when ETH finishes these?  ;)

it is impossible that ETH will die ... many ICOs are promoting their coins using ETH coins .. i think ETH coins will not die .. that's the reason of me

Well here is another piece of the puzzle.
The Chinese want to take over the crypto market. They have forbidden anyone in china buying crypto coins that are not Chinese. Trump needs to pile on a tonne of more sanctions, and the dems should support this. They intent to kill every coin that is not theirs.

EOS, the popular decentralization-oriented blockchain may be deliberately attacking the Ethereum network through various dishonest tactics.

According to Justo, his team was able to see that EOS was behind a series of Airdrops of tokens with little or no value at all. This strategy caused the price of GAS needed to process transactions to rise considerably, thus congesting the Ethereum network:

https://ethereumworldnews.com/eos-accused-attacking-ethereum/

Pool issue and you say ETH dead? hahaha
Cmon, ETH network have bigger pending transaction and make some delayed on ETH network

Thats a completely one dimensional view. ETH problems are not "one" pool, or even many pools, its a fundamental flaw that has opened it up to abuse and its own demise.

Moreover, according to Bitcoin.com News, Ethereum is so congested that some exchanges are forced to disable ETH Wallets .

https://steemit.com/ethereum/@steem.racing/ethereum-network-congestion-forces-exchanges-to-halt-withdrawals

Just flagging the post above as a fake news article.

The article doesn't even mention which exchanges were affected. FYI, you can always check Ethereum network congestion using https://ethgasstation.info/ and currently as of writing ETH gas price is only 1 GWEI. Thats like $0.01 for a high speed transaction.

TLDR: The article shills some other shitcoin by spreading fake news. Obvious malicious intent.

Its funny because when I read the title I assumed it was some GPU miner who was going to complain about profits.

ETH network always had congestion issues, Bitcoins network was even worse at times. Remember having to pay a 300 Sat/btye fee when BTC was $20000?

I remember back in 2017 many of the huge and succesful ICOs had basically people paying thousands of dollars in ETH fees to be the first to buy into the ICOs. And later when those ICOs were listed on exchanges they were usually sold at a huge mark-up.

One issue with this however is the size of the blockchain, it got so large that for many you can't even run it on your computer, especially a full node.

Hopefully the ETH dev team does something to reduce the size of all these transactions because its growing at a very high pace.

Walking dead ))))))) it is not that dead and it will be back. Don’t lose hope

This is the most funniest thread I've ever seen..  :D  :D  :D You have no idea dude, Eth is dead ? really? then when it will going to happen? can you give us the exact date since that your are a descendant of Nostradamus.. Let us now..  :P  :P

Dwarfpool maybe but not eth hehehe!

Doesn't seem to be legit. Just one out of hundreds. ETH is gonna be fine

In such a case Ethereum team can say that the rumors about Ether death are a little bit exaggerated. Problems with one pool don’t mean overall crash with Ethereum.

8 days after OP declared panic... all has returned to normal. 8 days... imagine if he was around during the real tough times, probably would have sold everything at a loss.

For you eth will dead, that's up to you, but for me it will continue to live and forever.
If the reason is due to higher fee pool, it is because the network is getting heavier, but it is temporary.
And if it about 1-2 pools die, it does not mean that eth is dead, there are many other pools options.
Think smart man.

1st I'm not related to Nostradamus in anyway, i hope. lol So i dont have any clue when that eventuality will be, but an eventuality for sure, imo.

2nd I'm not out of eth. I'm range trading it, as with other coins/tokens.

3rd This has nothing to do with one exchange, its amazing how people choose to only read what they want to see. So ill say it again eth has fundamental problems built into its architecture, and the only way out as i see it is a token swap to a new ETH (maybe NETH) that has been written to address all the current flaws and potential future ones.

Yes, as you can bury the ETH! From the beginning of its Foundation, as soon as it falls down, everyone starts to bury it. However, he lives for three years and will live forever. Throw away these gloomy thoughts.

Utter non sense!! Many of the project are running on ETH, ETH will survive and grow. I am worried about the network congestion, but it would be solved over the time.

Network congestion isn't a problem so much anymore. AFAIK gas tx costs are now 1-2 GWEI and that is despite new blockbuster dApp games like FOMO3D or POWH3D (the amount of txs on these contracts is more than cryptokitties).

Like i've said many times, scalability is a known issue that is close to being solved by ETH devs.

Mining might be dead in near future, but definitely not the coin. Also, will be funny to revisit this thread after 2 years :)