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Alternate cryptocurrencies => Altcoin Discussion => Topic started by: Sundaey on September 05, 2018, 11:02:30 AM



Title: Boring Ethereum
Post by: Sundaey on September 05, 2018, 11:02:30 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.


Title: Re: Boring Ethereum
Post by: BQ on September 05, 2018, 11:04:38 AM
$1k would need a market cap of $100b = 4x, I don't think there's much news coming out around eth for a while? considering how much eth has dropped lately, partly due to all the ICOs dumping their eth, just holding btc is probably a wiser choice as it generally outpeforms the market movements (higher gains, lower loss).


Title: Re: Boring Ethereum
Post by: GREENch on September 05, 2018, 11:20:54 AM
I suggest you read an interesting article Jeremy Rubin(Bitcoin Core Developer and technical consultant Stellar), it's called "The collapse of ETH is inevitable".  And so same the answer Vitalik Buterin on this article. This should add a little understanding to the situation.


Title: Re: Boring Ethereum
Post by: bitcoinfuck on September 05, 2018, 11:23:03 AM
I suggest you read an interesting article Jeremy Rubin(Bitcoin Core Developer and technical consultant Stellar), it's called "The collapse of ETH is inevitable".  And so same the answer Vitalik Buterin on this article. This should add a little understanding to the situation.

link ?


Title: Re: Boring Ethereum
Post by: Leard on September 05, 2018, 11:31:08 AM
Recently, the etherium network has been severely disfigured, and even the botherin itself has partially agreed with this. If the network does not have progress, and then it will be so in development, it may fall still


Title: Re: Boring Ethereum
Post by: anitaraymonds on September 05, 2018, 11:34:50 AM
This Ethereum is really boring and i watched it yesterday hitting $290.90 and remain there even when bitcoin was able to make $7358 that same yesterday Ethereum was of a pity sight as it stopped upwards trend and remain immobile, the next thing was a downward sliding to 285 and was still going down through the night. Reaching $1000 the remaining days of the year is not feasible to me but this is a speculative market where prices can never be accurately predicted anything can still happen on the price but i have my doubt of $1K by the end of the year.


Title: Re: Boring Ethereum
Post by: hi.im.paul on September 05, 2018, 11:39:31 AM
I think eth does not rise because it is too much to be affected by bitcoin and altcoin so we can not do it but wait for the opportunity to rise eth but we can earn with the strategy to buy cheap hold then sell high most to traders they use the strategy buy and hold then sell if high price to other traders newbie they are hot and afraid especially if the price drops their altcoin but it looks good buy eth and just hold it.


Title: Re: Boring Ethereum
Post by: 007_Oldy on September 05, 2018, 11:43:23 AM
Ethereum is tedious for those who have already purchased it. I, for example, on the contrary expect a good price on it, what to get at last. I think that for $ 200 I will buy.


Title: Re: Boring Ethereum
Post by: nthere on September 05, 2018, 11:44:40 AM
After the pump caused by ICOs has finally died. Ethereum doesn't deserve this price for sure but market is not going well we have to admit it. So don't blame ethereum or Vitalik :D


Title: Re: Boring Ethereum
Post by: close up on September 05, 2018, 11:45:07 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
Yes, it can but most of the people here don't want to buy eth more and more because they just believe in the bitcoin.


Title: Re: Boring Ethereum
Post by: zeze18 on September 05, 2018, 11:46:52 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

I think ETH will reach 1k again when btc reach 20k again.
We really need BTC to do a bull run before we see another coin rising.
But right now, bitcoin price dropped to 7k level and ETH will go to 250 USD :(


Title: Re: Boring Ethereum
Post by: tomahawk9 on September 05, 2018, 11:49:04 AM
ETH won't go up to 1k this year, that's simply ridiculous. It'll probably recover to $300 or hover around those levels. Although, it all depends on whether we'll see a shift in market sentiment or a reversal in the cryptosphere, which is very possible if the btc price goes up in the next couple of months, it could trigger a new rally, not only in btc but in altcoins as well.

So, ETH might recover in the short-term, but the 1k target in 2018 is just nonsense..


Title: Re: Boring Ethereum
Post by: Milliionaiire on September 05, 2018, 11:50:56 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
for now eth is indeed very low and continues to go down there is no change. when bitcoin was going up eth it would also go up but starting last month eth was very unstable when bitcoin went up eth still in place.
but I'm sure eth will recover to $ 1k. but requires a long process.


Title: Re: Boring Ethereum
Post by: nostrings on September 05, 2018, 11:58:32 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Just be patient , I'm positive it will reach $1k within 6 months and bitcoin will be back near its all time high.  If its stressing you out just stop checking prices and check back in every month or so.


Title: Re: Boring Ethereum
Post by: andthereyou on September 05, 2018, 12:12:39 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
Cryptocurrency investors just choose to go with bitcoin for now. Almost all altcoins are bleeding too much. Also no one knows if ethereum price could reach 1k$ this month or until Q4 2018. But I believed that when next bull run comes eth prices can surpass its all time high.


Title: Re: Boring Ethereum
Post by: puremage111 on September 05, 2018, 12:13:46 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Well seems pretty hard
Look at how the market react

Bitcoin got dumped, Ethereum got crashed lul
10%drop $280 > $250

Well, waiting for Ethereum to switch its trend might be something to look out else Eth just bleed off from the market


Title: Re: Boring Ethereum
Post by: cryptobae10 on September 05, 2018, 12:47:28 PM
Etherum is damn boring, low prospects and less growth in the market
It’s a dump token for fake ico experts and that has caused couple lots of issues

If you already own Etherum, it’s best to keep holding till the next year or year after
But regardless it’s safer with bitcoin for now


Title: Re: Boring Ethereum
Post by: Innocant on September 05, 2018, 12:52:14 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
Maybe it will make again to $1k in this year, We are noticed in the past year the etherium was reach on that high amount that we see in the first time. And this year of 2018 ill think it past again on what they doing in a last year. Many of us now are waiting to that happen again so for now we need to be calm even if the etherium for was in $200 of price.


Title: Re: Boring Ethereum
Post by: camillesalazar00 on September 05, 2018, 12:53:38 PM
Not really sure how you find it boring, it's just lost a lot of value lol. Wouldn't surprise me if it jumped back up to $1,000 soon though, or atleast 500.


Title: Re: Boring Ethereum
Post by: Aiko23 on September 05, 2018, 12:59:17 PM
To reach $1k USD in 2018 it could happen at the end of the year, or maybe it could not, because crypto is difficult to predict. if you say ethereum is very boring, maybe because it's too much down and it's hard to go up, I think the majority of coins experience the same thing outside pump and dump


Title: Re: Boring Ethereum
Post by: Ferris419 on September 05, 2018, 01:05:23 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
For myself, the entire market is boring in 2018 everything goes down and ETH is also a victim of the bear market. Everyone's anticipation and desire for ETH will increase by the end of the year probably shattered today. Price continues to fall to 250$ and will continue to fall, There is no reason or a surprise for ETH until the end of the year, for ETH to go up like in early 2018, we need to wait for at least 2 years


Title: Re: Boring Ethereum
Post by: Casdinyard on September 05, 2018, 01:06:25 PM
It's never get boring for eth. Let's look forward to this.

CBOE will launch ethereum futures later this year.
https://www.ccn.com/cboe-close-to-launching-ethereum-futures-report/

This maybe the great news for all of the eth holders and hopefully this will bring more increase like what happened when they also launched bitcoin futures, the price was indeed skyrocketed.


Title: Re: Boring Ethereum
Post by: Kupid002 on September 05, 2018, 01:06:28 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
Cryptocurrency investors just choose to go with bitcoin for now. Almost all altcoins are bleeding too much. Also no one knows if ethereum price could reach 1k$ this month or until Q4 2018. But I believed that when next bull run comes eth prices can surpass its all time high.

For now it is hard to predict if is all time high will happen this year, look at the market movement the recovery aren't going started yet. Ethereum and Bitcoin is one of the top choices that good to invest and hopefully before the end of the year the market will rise.


Title: Re: Boring Ethereum
Post by: Piskeante on September 05, 2018, 01:07:42 PM
day after day, ETH shows the market doesn't want/need it.

It's plummenting down hard, but there is no reaction from bulls. Even bulls have abandoned ETH. It's doomed. I've been saying this like months because it was so obvious.


Title: Re: Boring Ethereum
Post by: Piskeante on September 05, 2018, 01:10:38 PM
It's never get boring for eth. Let's look forward to this.

CBOE will launch ethereum futures later this year.
https://www.ccn.com/cboe-close-to-launching-ethereum-futures-report/

This maybe the great news for all of the eth holders and hopefully this will bring more increase like what happened when they also launched bitcoin futures, the price was indeed skyrocketed.

ARE you stupid???

The Federal Reserve of San Francisco has published a report on how the introduction of bitcoin futures precipitated a crash in the spot price

https://bravenewcoin.com/assets/Uploads/_resampled/ResizedImageWzcyMCwzNDZd/btc-crash.png

If you have no clue what you are talking about, just STFUP!!!!


Title: Re: Boring Ethereum
Post by: tuanytcc on September 05, 2018, 01:14:55 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Don't look at its price everyday if you determined that you would hold it for long time. It is being on the downtrend and the recover will come soon. Let's be calm down


Title: Re: Boring Ethereum
Post by: Collynzo on September 05, 2018, 01:19:36 PM
I am quite baffled also, it seems a lot of investors are looking away from etherium or the market is still being manipulated, It worries me though cos it is part of the bane of most ICO's who solely depend on it for development, had remembered when it suddenly jumped from $100 to $200 last year but here everything keeps stagnating, there is hope for the coin anyway


Title: Re: Boring Ethereum
Post by: goatminer on September 05, 2018, 01:21:48 PM
What do you mean when you say "boring"? You tired of it's low price and that's why it's boring? That is the difference – ETH is more affordable than BTC and this fact attractcs a lot of people. So is it really boring? No. It's just more affordable way to get into crypto business.


Title: Re: Boring Ethereum
Post by: Sutters Mill on September 05, 2018, 01:23:11 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Lol. How is it boring? Just because the value is going down instead of up? Are you new to crypto or something? Nothing is crypto is guaranteed and all coins have their ups and downs. If you believe in eth then you should keep holding, but if you don't then maybe you should get out whilst you can. Personally I think eth is one of the better alt coins and actually has some real-world uses with smart contracts etc, so I think this is just a temporary lul. It's probably even a good time to buy some more because I think it will reach it's all time high again at some point in the future, but that's just my own personal opinion and speculation.


Title: Re: Boring Ethereum
Post by: NikkiS on September 05, 2018, 01:23:29 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Don't look at its price everyday if you determined that you would hold it for long time. It is being on the downtrend and the recover will come soon. Let's be calm down
The market has not yet begun its recovery and soon we will see the growth of Ether too, it remains to wait a bit and as soon as the market goes on growth it will be possible to see the Ether at a more  big price.


Title: Re: Boring Ethereum
Post by: Sundaey on September 05, 2018, 01:29:58 PM
I suggest you read an interesting article Jeremy Rubin(Bitcoin Core Developer and technical consultant Stellar), it's called "The collapse of ETH is inevitable".  And so same the answer Vitalik Buterin on this article. This should add a little understanding to the situation.

I will love to do that some of these days.


Title: Re: Boring Ethereum
Post by: MrLBE on September 05, 2018, 01:30:11 PM
I agree and disagree.

Bitcoin became popular because people actually used it to buy and sell stuff in the early days.  Nowadays that's become impossible because the BTC transaction fee has risen to a ridiculous state.


Title: Re: Boring Ethereum
Post by: KobbyC on September 05, 2018, 01:33:30 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
ETH to make it to $1K is still highly possible. We are in early September now and I still think there is enough time for it to shoot up high before this year goes to an end. For now, it is really boring which I agree. But there is still more time.


Title: Re: Boring Ethereum
Post by: gilangIDR on September 05, 2018, 01:35:02 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
Today is a surprise because the price of Bitcoin has decreased by 40USD. This condition is not a good thing because most of Etherum's investors must experience panic, I also feel strange because even though Etherum currently has a very large market share. I believe that price manipulation is still a major factor affecting most price movements in the Crypto world. There needs to be an education for many people that maintaining patience and avoiding panic is a good choice when the market is in a bad condition like today.


Title: Re: Boring Ethereum
Post by: straightliteral on September 05, 2018, 01:35:53 PM
i don't thnk ETH will reac 10k again in the near future, at the end of 2018, or at the beginning of 2019 maybe.


Title: Re: Boring Ethereum
Post by: qiwoman2 on September 05, 2018, 01:43:38 PM
Etheream is its own killer. It doesn't need any outside help to kill it off. All the ICOS using Ethereum dump all the ETH they get, and that is millions of dollars every day of ETH they collect getting dumped. So don't expect Eth to be going up any time soon. Eth price wise is dead in the water for now and will just keep going down. I see ETH back to the 100 bucks level by December as other platforms by then will also be taking over. It'as real shame it isn't getting the support it needs to grow form all those ICOS feeding off of it. What can we small-time retail investors do, nothing but sit back and watch the crashes all the time in the market.


Title: Re: Boring Ethereum
Post by: Moblie_Legend on September 05, 2018, 01:43:50 PM
Etherum is damn boring, low prospects and less growth in the market
It’s a dump token for fake ico experts and that has caused couple lots of issues

If you already own Etherum, it’s best to keep holding till the next year or year after
But regardless it’s safer with bitcoin for now
yes ethereum bored me because of lack of income, ethereum is bad this year, I will hold my ethereum, and wait until ethereum excels again, many fake ico experts and it has caused many problems that will make you stressful and sorry


Title: Re: Boring Ethereum
Post by: emmaong12 on September 05, 2018, 01:45:55 PM
Not sure I'd call it boring, obviously it's been struggling a lot lately though. I keep buying a little more but it just goes down again lol.


Title: Re: Boring Ethereum
Post by: eipeng on September 05, 2018, 01:53:50 PM
Yeah Ethereum is now low and boring but it doesn't mean it will always be. We just entered Q4 this year and waiting some goodnews about btc. I also want to hear some news about Vitalik about the Casper and when eth will pos.


Title: Re: Boring Ethereum
Post by: Dinchik on September 05, 2018, 01:56:18 PM
I always believed in the Ether and waited for him to rise, but after Bukhterin's recent statement that the ether could depreciate forever, I felt uneasy ...


Title: Re: Boring Ethereum
Post by: BitcoinTurk on September 05, 2018, 02:01:14 PM
Ethereum has been experiencing such bad days lately that it seems that the investor is extremely sick and will continue to do so for a while. Unfortunately, we are in a downward trend because of the decreasing market volume, the start of investors' withdrawal from this option and the decrease in interest in ICO projects. Whenever we make an estimate of each new dip point, we actually arrive at the conclusion that even this point is a peak. It is difficult to predict how long this will continue, but I believe that the intense pressure on Ethereum will continue and the price will tend to be negative unless the bull period is entered. After the bull period, a new record is coming, but it is a reality that will get rid of the downward trend.


Title: Re: Boring Ethereum
Post by: elisabetheva on September 05, 2018, 02:01:35 PM

at this time it is quite surprising that ethereum seems too low and this is quite confusing and can be boring for those who have been holding on to ethereum because it usually remains stable compared to other altcoins. but there are still many who do not get bored and remain loyal by holding ethereum because it is the second best coin after bitcoin.


Title: Re: Boring Ethereum
Post by: kiansantan on September 05, 2018, 02:01:48 PM
Ethereum and Bitcoin are one of the top choices that are good for investing and hopefully before the end of the year the market will rise.
For now it is difficult to predict whether all the time will be high this year, see market movements, recovery has not yet begun.


Title: Re: Boring Ethereum
Post by: ukw on September 05, 2018, 02:09:55 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Like things stand right now on the market, I do not think the price of Ethereum will be able to exceed $ 1,000 this year. It will be a difficult task. If we leave a side and not so good predictions for Ethereum as a whole. I think $ 800 is the maximum limit we can expect.


Title: Re: Boring Ethereum
Post by: tosmartak on September 05, 2018, 03:14:29 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Like things stand right now on the market, I do not think the price of Ethereum will be able to exceed $ 1,000 this year. It will be a difficult task. If we leave a side and not so good predictions for Ethereum as a whole. I think $ 800 is the maximum limit we can expect.
That would be a hard call to make. Ethereum may have been boring but that is simply just part of the market and there is no sign yet for any bullish activity on Ethereum. There are other markets anyway to still take advantage of while Ethereum gets to find a bottom which I feel is getting closer. Patience though in entering a position while waiting for market to develop is one important thing to always take note of.


Title: Re: Boring Ethereum
Post by: Cyptobonds1 on September 05, 2018, 07:18:14 PM
The boring part is when I decided to bought it at $300 and see a sloppy down before the next day, buy then I already noticed how boring ethereum has been this year. About the $1k am 100% sure we can see it happening again this year because we're already in the 9th month of the year so if ethereum is gonna make a change up that should have started around June, but who am I to predict what the future is.


Title: Re: Boring Ethereum
Post by: cris17 on September 05, 2018, 07:34:17 PM
Low, does not mean boring) It's a good time to buy it and hold till the time market will be fully recovered. And I'm sure we will see ETH back to 1000$, we need to be patient.


Title: Re: Boring Ethereum
Post by: yescrypto on September 05, 2018, 07:55:19 PM
Ethereum might be boring from the beginning of this year but do you think that can actually stop the price from hitting $1000 above, the problem crypto had is no one can predict what will happen in the next one month so I think let just keep observing the market and see what will happen before the year runs out. And let us all have the faith that the good will happen.


Title: Re: Boring Ethereum
Post by: anume123 on September 06, 2018, 06:10:44 AM
I think the price of ethereum will fall even so people can say it that's why the ethereum is now boring and the slight rise of the ethereum seems to me as well as the bitcoin as well as the fact that they have fallen together.


Title: Re: Boring Ethereum
Post by: Bittalk12 on September 06, 2018, 06:20:08 AM
I suggest you read an interesting article Jeremy Rubin(Bitcoin Core Developer and technical consultant Stellar), it's called "The collapse of ETH is inevitable".  And so same the answer Vitalik Buterin on this article. This should add a little understanding to the situation.

It is true that the collapse of ETH is inevitable but that also applies to other altcoins, isn't it? There is always a possibilities that the article you are referring to was only made to destroy the credibility of the ethereum to bring its price down where in fact, the creator of the article itself was also bullish to grab that altcoin on its lowest price. What do you think? There is ALWAYS a possibility that it was only a false or paid article to destroy one another. Well, you will be surprise and will think a big future is incoming for ethereum after reading this article.

Google Adds Ethereum Blockchain Dataset to Its Big Data Analytics Platform
--> https://cointelegraph.com/news/google-adds-ethereum-blockchain-dataset-to-its-big-data-analytics-platform


Title: Re: Boring Ethereum
Post by: sjbi on September 06, 2018, 06:38:23 AM
I am wondering what is happening to ethereum, my best coin. Ethereum is performing very bad and its prices are declining rapidly as compared to other coins. Here I can suggest that people may invest in other coins than already established coins. MTC is a new coin which was introduced just three months ago. And its prices peaked at $ 0.41 just after one month, now stands at around $ 0.07, and is projected to reach $0.50 in coming month. On top of that, it will provide bonus tokens to its holders for the next two consecutive years.


Title: Re: Boring Ethereum
Post by: kicauklaten on September 06, 2018, 06:52:15 AM
ethereum was in a difficult circumstance indeed for some time. expect results from ethereum enough to be a difficult thing to achieve and even quite often experience a sharp price drop. to reach the $1 k can just be going but somehow this year can be achieved or not is still a hard thing to know.


Title: Re: Boring Ethereum
Post by: wong tsu gieh on September 06, 2018, 06:59:46 AM
If I myself will never feel bored with the ethereum. Because now the right moment to hodl. While it is indeed either until when. but hopefully soon be scrapped.


Title: Re: Boring Ethereum
Post by: rinkujaglan on September 06, 2018, 07:03:18 AM
Ethereum is stable for a long time, so now it should be require to increasing its to take step and strictly implement on it. For these implementation these should be need of new strategic and advance technology that should stream following in progress level.


Title: Re: Boring Ethereum
Post by: Rastafarian on September 06, 2018, 07:04:51 AM
Ethereum is burning like a candle on the market and with this dip, investors and bounty hunters are on their toes with an aggressive face and eyes always checking the rise in the price.


Title: Re: Boring Ethereum
Post by: Hanebel on September 06, 2018, 07:05:51 AM
It may be boring to you since you expect too much. You expect to have profits the soonest time. Things don't go that way. I have some advice, considering the trend for the past months of the most coins, sell some amount when the price rises for about 20% compared to its previous week's price and then have a buy order much lower than what you have sold. The market is too shaky, but I see this trend repeats for the past months now that's why I still had some profits even in the current situation. I tell you, it will not be boring.


Title: Re: Boring Ethereum
Post by: jay sd on September 06, 2018, 07:08:01 AM
We cannot tell anything for 100% sure in this industry. Who thought that the price of ETH and BTC may fall to this level? Lots of experts predicted that those 2 major coins will not come to this level. But it happened. when we see the recent market we cannot expect that the ETH will reach $1000 level this year.


Title: Re: Boring Ethereum
Post by: vit05 on September 06, 2018, 07:11:12 AM
I suggest you read an interesting article Jeremy Rubin(Bitcoin Core Developer and technical consultant Stellar), it's called "The collapse of ETH is inevitable".  And so same the answer Vitalik Buterin on this article. This should add a little understanding to the situation.

link ?


vbuterinEthereum - Vitalik Buterin • 3d
I obviously have every incentive to disagree with this, but I think there are quite a few very critical economic and technical details that the article is missing.

TLDR: we are likely not doing full "economic abstraction".

Here is the core of their argument:

Suppose we’re building a new decentralized application, BuzzwordCoin. By default, following a standard ERC-20 Token template, every transaction on BuzzwordCoin will pay gas in $ETH. Requiring every BuzzwordCoin transaction to also depend on ETH for fees creates substantial risk, third party dependency, and artificial downwards pressure on the price of the underlying token (if one must sell BuzzwordCoin for ETH ahead of time to run a BuzzwordCoin transaction, then the sell-pressure will happen before the transaction requires it, and must be a larger sale than necessary to ensure sufficient funds to cover the transaction).

Instead of paying for Gas in ETH, we could make every BuzzwordCoin transaction deposit a small amount of BuzzwordCoin directly to the block’s miner’s address to pay for the contract’s execution. Paying for Gas in a non-ETH asset is sometimes referred to as economic abstraction in the Ethereum community.

In Ethereum as it presently exists, this is absolutely true, and in fact if Ethereum were not to change, all parts of the author's argument (except the part about proof of stake, which would not even apply to Ethereum as it is today) would be correct. However, the community is strongly considering two proposals, both of which have the property that they enshrine the need to pay ETH at protocol level, and furthermore the ETH gets burned, so there's no way to de-facto take it out of the loop by making the medium-of-exchange loop go faster. The proposals are:

The modified fee market described in the draft paper here: https://ethresear.ch/t/draft-position-paper-on-resource-pricing/2838 , where average gas usage is targeted to 50% of a (2x higher than today) gas limit, using a self-adjusting minimum transaction fee to do the targeting, where the minimum fee gets burned. This fee would be charged to the block proposer, so the block proposer could charge fees in spankchain tokens or whatever other ERC20, but the block proposer would still be responsible for coming up with the ETH to pay the minfee.

Storage maintenance fees (aka "rent"): pay N wei per byte per block to keep data in storage, or else it gets "hibernated" and you need to submit a Merkle proof to revive it. This fee also gets burned.

By my guesses, well over 2/3 of transaction fees paid could end up being burned through these mechanisms.

Without ETH, a modified version of Proof-of-Stake with a multitude of assets could still decide consensus if each node selects a weight vector for the voting power of all assets (let’s call it HD-PoS, or Heterogeneous Deposit Proof Of Stake). While it is an open research question to show under which conditions HD-PoS would maintain consensus, consensus may be possible if the weight vectors are similar enough.

I actually looked into this back in 2015, and heterogeneous deposit PoS is very hard (maybe impossible) to get right. The problem is, how does the protocol know the ratios between the values of the tokens? One could use an in-protocol decentralized exchange, but (i) this would need to be subsidized to be secure, and (ii) one can construct "pathological tokens" that have rules that are designed to treat any in-protocol penalties as a no-op. So doing this securely would possibly depend on some form of "on-chain governance", which is obviously a huge attack vector ( https://vitalik.ca/general/2018/03/28/plutocracy.html ).

So if the community is not doing HD-POS, then depositing ETH becomes the only way to get access to transaction fee revenues. So altogether, the equilibrium value of ETH in this scenario under even a standard "discounted future returns" model is very much nonzero.

Edit: just saw this:

Detractors of economic abstraction (notably, Vitalik Buterin) argue that the added complexity is not worth the ecosystem gains. This argument is absurd. If the software doesn’t support the needs of rational users, then the software should be amended. Furthermore, the actual wallet software required for any given token is made much more complex, as the wallet must manage balances in both ETH and the application’s token.

Economic abstraction can still happen at the user level; users could pay in spankchain tokens, but the block proposers would still need to cough up ETH. One could also use intermediate solutions, where third parties create "wrapper transactions" that take the fees for operations from users that are paid in spankchain tokens, and the third parties provide the ETH to the block proposer.

https://www.reddit.com/r/ethtrader/comments/9ch5ls/comment/e5av470


Title: Re: Boring Ethereum
Post by: umrohyuk on September 06, 2018, 07:12:26 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

Me to, I have been waiting for a long time Eethereum increasing the price, in fact now the price movement of ethereum is going to down and down. It seems losing out the price and value day by day. Will the ethereum lose or remove from the market cap?

Indeed, many people say that Ethereum has a good principle and foundation, and it is the second strong in the crypto due to high transactions, but now it makes the holder are scary and wondering.


Title: Re: Boring Ethereum
Post by: otunayode on September 06, 2018, 07:15:09 AM
Ethereum is good and wonderful. I like the fact that you can make life important situations and decision happen with ethereum. But right now as an investor, ethereum has lost me some money and I'm just going to wait it out;


Title: Re: Boring Ethereum
Post by: MisterLangley on September 06, 2018, 07:15:56 AM
Patient. Ethereum will definitely rise again next year. If the price of Ethereum as it happens a few days back, all feel bored including me.
During this time I thought that I was one of the many people who would be happy with Ethereum in the future.


Title: Re: Boring Ethereum
Post by: Azzam Khalif on September 06, 2018, 07:32:48 AM
Although it costs continue to decline, until now I never tired of the ethereum. Even I feel that this growing the longer the ethereum's good. And I am sure will be soaring price after this.


Title: Re: Boring Ethereum
Post by: gohan21 on September 06, 2018, 08:04:31 AM
The price of ethereum is really down to now I think the one who can make a big money on ethereum will not be real and the money lost in their ethereum fund is too big.


Title: Re: Boring Ethereum
Post by: aonfons on September 06, 2018, 08:06:18 AM
After this day I had sold most of my ETH and moved to EOS and NEO. Quite disappointed when vitalik k got any moves for ETH recently.


Title: Re: Boring Ethereum
Post by: Gelesko on September 06, 2018, 08:11:23 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
I am not fed up with ETH and neither think it will reach 1000 dollars, although I prefer hodling ETH, instead of any other cryptocurrency, even BTC. I think the price is consolidating and soon it will change a trend to bulls, we have FUD in the crypto market, but still my choice goes for ETH, out of any cryptocurrency there


Title: Re: Boring Ethereum
Post by: BTCgomoon on September 06, 2018, 08:19:49 AM
We all see that Ethereum has fallen so badly that although we don't know what happened, with the fall of ICO, the decline in ETH may be inevitable.This year we may really have a hard time seeing $1k ETH, but I think ETH can still rise again, but we need to give it some time.


Title: Re: Boring Ethereum
Post by: iancortis on September 06, 2018, 08:41:01 AM
We all see that Ethereum has fallen so badly that although we don't know what happened, with the fall of ICO, the decline in ETH may be inevitable.This year we may really have a hard time seeing $1k ETH, but I think ETH can still rise again, but we need to give it some time.

yeah, that's right im hoping also to recovering of eth i think in the coming years, because other investors are migrating in different blockchain systems causing eth is like a boring what op said and i noticed that. i hope eth devs are making a very good step forward to make a good catch again.


Title: Re: Boring Ethereum
Post by: arditiyan on September 06, 2018, 08:43:59 AM
I think ethereum has passed its heyday, but conditions like this are not entirely negative, this can have a positive impact on them to keep on how to anticipate and develop ethereum platform services for the long term


Title: Re: Boring Ethereum
Post by: Sebas.tian on September 06, 2018, 08:49:21 AM
Well, you'll be seeing more of eth's boring ride since as I see it, we are still in the accumulation phase. Last year's price of eth was just a mixture of good coincidences, that is, bitcoin bull run in the last quarter qoupled oupled with the demand due to the popularity of ICOs.


Title: Re: Boring Ethereum
Post by: jaywizzy on September 06, 2018, 09:49:36 AM
Even though I'm a newbie I understand duly the actions of etherum
Everyone says bore
I say opportunity, opportunistic era like this is rare
Pack etherum in huge quantities


Title: Re: Boring Ethereum
Post by: qidai9 on September 06, 2018, 09:52:52 AM
Yes, I have the same idea. People started to predict at what price the Ethereum will be in a few months at the beginning of the year. Whenever I see these answers, I think it is a very funny joke. The future of the encrypted world is unpredictable. I really want to know what they are predicting.


Title: Re: Boring Ethereum
Post by: JMD07 on September 06, 2018, 09:59:08 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
Being a small players in this cryptocurrency sometimes I feel disappointment about the situation but I have nothing I can do except to accept this situation and buy more coins while the price is much cheaper than normal. Although we can't predict the market but we just hope that thru patient we can hold our coins until it the bounce back. I think nothing to worry as this is normal in a volatile investment.


Title: Re: Boring Ethereum
Post by: shinratensei_ on September 06, 2018, 10:46:05 AM
Patient. Ethereum will definitely rise again next year. If the price of Ethereum as it happens a few days back, all feel bored including me.
During this time I thought that I was one of the many people who would be happy with Ethereum in the future.
The majority of these guys are commenting in here have expected a short term gain from ethereum and that's true if all of them were not early adopters of the crypto. The bubble may need to take a few years.
Everyone should not need to rush it but just try to expect a little gain from the daily trade it much better than aiming for long term huge profit.


Title: Re: Boring Ethereum
Post by: Simayi on September 06, 2018, 11:03:46 AM
I feel very sad about the rapid decline of Ethereum. I used to think that Ethereum is one of the most promising altcoins. Now the market proves that Ethereum can't maintain its current status.


Title: Re: Boring Ethereum
Post by: adorathris on September 06, 2018, 11:06:38 AM
I think that the hope is melting every day and the etherium will not be able to fly up to $ 1000 as last year. I think that more than one coin will not be able to show a good result. The market is in a terrible situation and I do not see the prerequisites for this situation to change for the better


Title: Re: Boring Ethereum
Post by: Triss Merigold on September 06, 2018, 11:08:55 AM
I do not believe that the etherium will turn even into $ 500 during 2018. This forecast, or who can not give and for 2019. Judging by trade, market participants are actively getting rid of the etherium, which contributes to its fall.


Title: Re: Boring Ethereum
Post by: vovanlau1 on September 06, 2018, 11:52:04 AM
After crashed, ETH increase slowly, from 255$ to 300$, then from 212 to 225$. I have no reason to put my trust out of ETH.
Maybe some investor stopped, and sold out their crypto. Don't worry, ETH will rise again.


Title: Re: Boring Ethereum
Post by: jusertvaz on September 06, 2018, 12:03:23 PM
I think we will never see the Ethereum $ 1,000 for one coin. The market situation is very bad and the price increase may not be considered. Investors sell their coins and go out of business. If there is no investment and the price can't grow.


Title: Re: Boring Ethereum
Post by: BitNaija on September 06, 2018, 12:06:11 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
I will not be surprised if there is further shrink in price of ETH and bitcoin. Those prices do not reflect the true price of the coins. Let the correction continue.


Title: Re: Boring Ethereum
Post by: Runtown042 on September 06, 2018, 12:11:02 PM
As it stands now ethereum is really doing poorly the price I'd going down wards fast rather than going up ward this is  very alarming the situation is not getting any better as of now the price is below 230$


Title: Re: Boring Ethereum
Post by: freezzeer on September 06, 2018, 12:20:32 PM
If Ethereum wants to go 1k$ again,Need a huge market cap .Many ICOs was behind this  huge dump


Title: Re: Boring Ethereum
Post by: Adeforever on September 06, 2018, 12:47:39 PM
So boring, the up and down is really frustrating. Don't  even know the causes of the price gallop. At least it should have maintain it stand at the $300 for a week or so. Maybe they are asuming more will dump.


Title: Re: Boring Ethereum
Post by: sadortelk on September 06, 2018, 01:17:17 PM
I think that Ethereum will not return, nor what the coin will not return because the market is completely destroyed and is in a terrible situation. Last year's prices, we will never see and not to get your hopes up. The market is slowly dying.


Title: Re: Boring Ethereum
Post by: code on September 06, 2018, 07:09:46 PM
At the moment, Ethereum feels very bad, but I think it will start to grow along with the whole market. Don't panic.


Title: Re: Boring Ethereum
Post by: missJone on September 06, 2018, 07:54:49 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
This year, of course, you will not see such a price, do not even dream and do not deceive yourself. The price of the Ethereum will be below 200$ when the price of bitcoin drops to 5000$. Prepare yourself for the purchase of the Ethereum and bitcoin.


Title: Re: Boring Ethereum
Post by: ArturKarri on September 06, 2018, 08:04:38 PM
the price of the etherium fell because there were not a few funds withdrawn from the market. but I think everything will be restored soon. But I do not think that in 2018 he will have time to reach 1k $


Title: Re: Boring Ethereum
Post by: sorrros on September 06, 2018, 08:07:15 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
1000USD for oone Ethereum seems to be impossible. Many people will be thankful for 500USD except me. Ethereum is not doing well in the last days. They need to work on progress or they will die because better platforms will kill them.


Title: Re: Boring Ethereum
Post by: Baofeng on September 06, 2018, 08:19:34 PM
At the moment, Ethereum feels very bad, but I think it will start to grow along with the whole market. Don't panic.

Its has bottom already or close to it. We all know that when coins experienced this kind of trend. The only way is to go up so I wouldn't lose hope in Ethereum. Besides devs from behind are very afraid so there's no need to panic here, but take advantage of a good buying points that Ethereum market is offering to all of us. When the time comes that it has fully recovered, we can go back and says that we shouldn't let this perfect opportunity slip out of our hands.


Title: Re: Boring Ethereum
Post by: omonuyak on September 06, 2018, 08:41:17 PM
The market is seriously very boring and ethereum is one of the coins that has get a very serious dump.  I think bitcoin pull down other coins and ethereum is most affected.
Ethereum may not get to $1,000 this year but next year maybe the bullish market will resume and by then it will cross $1,000 move close to $2,000.


Title: Re: Boring Ethereum
Post by: Luxury331 on September 06, 2018, 08:48:29 PM
I hope i have save someones money, i'm feeling sorry for bag holders now. Unfortunately for Ethereum i think more pain is to come. I'm a real support of ETH network, and i don't think this coin will go to 0 but it will need time and pain before going up again.


Title: Re: Boring Ethereum
Post by: lifesgood10 on September 06, 2018, 08:54:49 PM
I think the dump is becoming terrible and it’s making it look like crypto currency is going to end

This is not a correction anymore
This is a group of persons deliberately destroying the market prices of tokens

But one positive is that Etherum has the same value of today as at September 2017
So maybe it’s time for Etherum to do exploits and go soarer to 2000$

Let the bull run begin


Title: Re: Boring Ethereum
Post by: Derler1599 on September 06, 2018, 09:05:25 PM
I am very concerned about the price of ethereum and I have no idea why this is happening. I hope it will end soon, but I don't think the price will reach the$1K mark. I think this price will be no earlier than half a year or a year.


Title: Re: Boring Ethereum
Post by: Tduty on September 06, 2018, 09:13:05 PM
Most people are discouraged with Ethereum. What’s happening with ethereum. I can’t believe it. It’s not good news for ethereum holder. I have some ETH. Now I am very shocked at the price of ethereum. Maybe it is true that ETH won't go up to 1k this year. But I believed that when next the bull run comes back, eth prices will be $1000.


Title: Re: Boring Ethereum
Post by: babyaia on September 06, 2018, 09:15:00 PM
Ethereum might be boring right now because of the massive dip that happened but I believe that it can reach the 1000$ price at the end of this year,there will be hope in the price up because crypto is still alive.


Title: Re: Boring Ethereum
Post by: grumpy619 on September 06, 2018, 09:15:29 PM
I can't say exactly when, but the fact that we will see the price of 1000$ and above, I have little doubt. Yesterday, seeing the price of $ 210, I realized that we can see and 150$. Easy! but the main thing is not to give up and not to sell at a losses, this is the first thing to expect from us. Weak hands lose money and leave the market, people with a strong nervous system earn on it. It should have been sold when the ETH hit  900$, it was in may, and now it's too late and stupid.


Title: Re: Boring Ethereum
Post by: eagleman on September 06, 2018, 09:22:33 PM
I am very concerned about the price of ethereum and I have no idea why this is happening. I hope it will end soon, but I don't think the price will reach the$1K mark. I think this price will be no earlier than half a year or a year.
I know holding isn't so stable now and you have to endure this bleeding until everything goes well.

We can speculate as much as we can so we can encourage ourselves to not be so dependent with this market.


Title: Re: Boring Ethereum
Post by: maro101 on September 06, 2018, 09:30:23 PM
Last time, the ethereum loses its price and it upsets the holders. I think the 1k mark is insurmountable for the ethereum this year, but I believe that in 2019 he is able to do it.


Title: Re: Boring Ethereum
Post by: Sutters Mill on September 07, 2018, 10:32:21 AM
Ethereum really has taken a battering the past couple of months and even more so the last week or so. Quite annoying for me as I exchanged some bitcoin to Eth early this year and it's lost half it's value and looks like it might keep falling.I still believe in eth long term but it's always annoying and alarming when a currency falls so much and especially for no serious or identifiable reason.

Last time, the ethereum loses its price and it upsets the holders. I think the 1k mark is insurmountable for the ethereum this year, but I believe that in 2019 he is able to do it.

I doubt eth will get back to 1k for a very long time, just like bitcoin probably won't hit it's all time high again any time soon, but I think looking longer term both btc and eth can get back there eventually. We just have to have some patience and keep doing our part to spread adoption.


Title: Re: Boring Ethereum
Post by: nulan on September 07, 2018, 10:37:56 AM
I doubt eth will get back to 1k for a very long time, just like bitcoin probably won't hit it's all time high again any time soon, but I think looking longer term both btc and eth can get back there eventually. We just have to have some patience and keep doing our part to spread adoption.
this is interesting, because more and more people know for sure will grow demand and surely that is what we expect  ;D and right now you say, it takes patience we have to do that.


Title: Re: Boring Ethereum
Post by: Adecrypt83 on September 07, 2018, 10:41:29 AM
Am not optimistic about the possibility of Ethereum reaching $1000 his year again but all the same Ethereum is a good coin that I will always have 30%  of it in my portfolio .


Title: Re: Boring Ethereum
Post by: sampoernai on September 07, 2018, 10:50:02 AM
The current condition of ETH prices is completely beyond everyone's predictions, even very far from expectations, so I also feel bored with Ethereum's current condition. Whether the ETH will survive like this or vice versa.


Title: Re: Boring Ethereum
Post by: teeshe on September 07, 2018, 11:12:44 AM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.

ETH is on a steady decline and it may take a while before it turns around. I however doubt the possibility of ETH hitting 1,000 USD before the end of 2018.


Title: Re: Boring Ethereum
Post by: CaMeRoNy on September 07, 2018, 08:23:27 PM
I think that $ 1,000 before the end of this year is the maximum price that Ethereum can make until the end of this year. Now the price of Ethereum has fallen very much and is at the level of last year.


Title: Re: Boring Ethereum
Post by: elzjmirra on September 07, 2018, 08:29:56 PM
ETH seems to me indeed the price is unpredictable. Now the price is very reasonable and it is dropped if a lot of people are tired of. A good solution for the trade is still holding coins and doing long-term investment.


Title: Re: Boring Ethereum
Post by: Smrt Contract on September 07, 2018, 08:31:24 PM
Price speculation aside, Ethereum is a great general purpose blockchain and lots of developers are working on Ethereum infrastructure projects, applications etc. Supposedly there are some planned upgrades coming soon to ameliorate scaling and throughput issues. I recently bought some ETH just to use some of the DApps on the market. The price is kind of irrelevant when you are using it to run or to build decentralized apps. I personally think it will have good longevity for this reason.


Title: Re: Boring Ethereum
Post by: alisherusmonov89 on September 07, 2018, 09:32:12 PM
Today I experienced fear for ethereum and for my investments. I very much hope that it will not fall below the mark of 200$. Doubt, that in this month we will see price in 1K$. I just hope he recovers a little.


Title: Re: Boring Ethereum
Post by: michellee on September 08, 2018, 08:43:27 AM
ethereum still get down again today, many people cannot patient to wait and sell their ethereum. but I think it is a good price for people who want to buy ethereum right now because they won't see this price again in the future. with bitcoin price is still down, it makes many coins slowly to increase and many of them stay and survive in the price now. but if there is a positive news for the cryptocurrency, it will push the price to increase higher and we will see the market recover.


Title: Re: Boring Ethereum
Post by: Xiahouyuan on September 08, 2018, 08:45:20 AM
I don't think the price of Ethereum can rise to $1K in a short time. It's now only $217, even if it rebounds, I think $250 is its resistance!


Title: Re: Boring Ethereum
Post by: yescrypto on October 11, 2018, 09:27:09 PM
The boring aspect of ethereum seems to show up again even though it has gone no where for a while now, the funny part is that the fonder said he predicted that eth is officially experience financial crisis some time between now and 2021. Which means there are still more to expect on eth being boring to the holders, I pity those who bought at $10k and still holding till now.


Title: Re: Boring Ethereum
Post by: prashanta on October 22, 2018, 09:44:06 PM
who else notice the boring part of ethereum for the past month now?
I'm actually fed up for it day by day losing out price.
Who else thinks or notice that ethereum can make it to $1k in 2018 again, or what do you guys think.
Stay positive and do not give up easily with this situation. If you surrender, you are weak in this crypto international. Which means you have to get out of here because it is not right if you do not do terrible information or things here. I just have to go back to the ordinary people and must be satisfied all the people that will be tough again.