Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: tokeweed on February 08, 2016, 01:31:48 PM



Title: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 08, 2016, 01:31:48 PM
And everyone can take part in it.

http://www.computerworld.ch/typo3temp/pics/70c0f44bf0.jpg


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: stoat on February 08, 2016, 02:49:01 PM
Back in 2014 I took one look at this guy and I knew he could pull it off.  One of the most conscientious and intelligent devs in crypto.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Hollowman338 on February 08, 2016, 10:15:45 PM
"You know it's time to sell when shoeshine boys give you stock tips"


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: stoat on February 08, 2016, 10:29:21 PM
"You know it's time to sell when shoeshine boys give you stock tips"

Do you really think bitcointalk posters are the proverbial "shoe shine boy" or are we in fact the opposite.
Most people have never even heard of bitcoin let alone ethereum.  Even most bitcoin owners are probably only vaguely aware of it's existance.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: r0ach on February 08, 2016, 10:34:50 PM

Wow, that's kind of scary.

But on the other hand, if Eth fails to create a partitioned network, you could be witnessing one of the greatest fortunes ever lost.  I don't see how it will work, but maybe he's smarter than everyone believes.  I've always hated Eth due to it being released with an invalid consensus mechanism since everyone would consider it a flop if it had to stay on PoW, but that's what it was released with and it's still there.  Not to mention needing partitioning to be useful on top of that.  As an investor, it just feels like you're buying something that isn't even in real proof of concept yet since the consensus and partitioning is more important than the VM itself, so it's a pretty god damn hard sell.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Hollowman338 on February 09, 2016, 03:45:17 AM

$100 per ETH (at least) or none of it ever happened...   HODL HARD!!!   :-*

Will you obsess over vitalik the same way you do over nxtchg when you lose money on the ETH pump?


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 09, 2016, 05:14:51 AM
"You know it's time to sell when shoeshine boys give you stock tips"

Do you really think bitcointalk posters are the proverbial "shoe shine boy" or are we in fact the opposite.
Most people have never even heard of bitcoin let alone ethereum.  Even most bitcoin owners are probably only vaguely aware of it's existance.

No problems being a shoe shine boy here...  :D

I'm loving the trend.  Fuck if I care what anyone calls me.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: kelsey on February 09, 2016, 08:29:17 AM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: DecentralizeEconomics on February 09, 2016, 09:13:40 AM
It is common knowledge that Greg, Synereo's CSO, is leading the design of Casper, Ethereum's new proposed Proof of Stake blockchain: https://blog.ethereum.org/2015/12/28/understanding-serenity-part-2-casper/
He has spoken about the design principles of the technology underlying this effort, what would allow it to scale, in the recent Ethereum developer conference: https://www.youtube.com/watch?v=uzahKc_ukfM

Synereo is NOT building their technology on Ethereum. Rather, it is Ethereum who are using Greg's decades of expertise in the field, and Synereo technology, to build their own.

Ethereum has provided Synereo with developer grants for this purpose. Hopefully, collaboration will continue in other ways as well.
We also believe that our notion of a "smart contract", which we call a social contract, is more advanced, mature and scalable than anyone else's. People in the industry are starting to get a sense of this as well, including our friends at Ethereum. http://blog.synereo.com/2015/03/06/social-contracts-pt-ii/

A comprehensive post going into detail about all of these subjects are in the works.

Feel free to ask any other question about this here or on our slack channel at slack.synereo.com (http://slack.synereo.com).

https://i.imgur.com/884OgNQ.jpg

Disclaimer: I'm long AMPs.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 09, 2016, 10:58:32 AM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o

Why don't people ride the trend instead of staying in the side lines?  I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: kelsey on February 09, 2016, 11:03:55 AM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o

Why don't people ride the trend instead of staying in the side lines?  I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend.

not all of us are here for profits, i stay away from premine types whether or not profits can be made from them.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 09, 2016, 11:22:51 AM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o

Why don't people ride the trend instead of staying in the side lines?  I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend.

not all of us are here for profits, i stay away from premine types whether or not profits can be made from them.

And yet some most are bagholding the wrong coin/s and call the ones they don't hold scams.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Dekker3D on February 09, 2016, 11:25:40 AM
There are so much rally in prices despite ETH not yet going mainstream. Wonder what the price will be once it gets to be used as one of the major payment options.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: kelsey on February 09, 2016, 12:32:40 PM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o

Why don't people ride the trend instead of staying in the side lines?  I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend.

not all of us are here for profits, i stay away from premine types whether or not profits can be made from them.

And yet some most are bagholding the wrong coin/s and call the ones they don't hold scams.

i think you miss the whole point of crypto, its not about making profit, whats the point of being an alternative to the greedy bankers if we ourselves become the greedy banker types (and thats happening alot in crypto).

i hold coins i support, if they don't fit a criteria i support, i don't hold them. i don't classify whether its right/wrong coin via its price in fiat, i've been in crypto many years now, i simply don't exchange crypto for fiat.



Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Blazed on February 09, 2016, 01:06:17 PM
I almost bought into ETH after the last little dip...figures it goes to the moon now. I give those guys one thing they are good at marketing and getting the price up there.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Spoetnik on February 09, 2016, 01:09:23 PM
I create one fucking topic about Jackpotcoin way back so i could bump it 1 time per month
with updates about wallets or speculating on ways to improve it or market price etc etc
and what happens ?

DELETED

AND..

That was AFTER it was already being used for 8 months.. with out issue.

How many other coins was i doing this with here ? NONE !

Now let's look around shall we..

Monero ? don't even get me started on that lying sack of shit scam crew LOL

@OP:
You have created countless spammy little advertising scam coin topics on ETH.
So my question is.. how in god's name are you getting away it ?
How fucking far are the mods cock buried down the back of your fucking shameless shill throat ?

This topic, yet ANOTHER ETH Shit coin topic is pointless garbage posting !
I had my own topic on ETH from 2014.. no surprise it's not bumped  ::)

Nope nobody wants to hear the scammy ass loooong history of this "app's ponzi token"
pushed by a sleazy fucker who used my name to Pump Doge Coin on some site before.
I also bet he's the same cunt who regged the name "sputnik" on Freenode. (some guy regged as kli0rf)
Which is worth pointing out "sputnik" has not been on Crypty's Freenode channel once !
Someone is STILL masquerading as me.. pumping ETH next ? ROFL

Gimme a fucking break.

EDIT:
By the way i have seen this topic title many times already.. what the fuck does that tell ya ?
AND.. the shine comment was spot on ! hahahaha

Hey tokeweed.. my shoes are dirty bitch.. get on it !


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: rdnkjdi on February 09, 2016, 02:34:23 PM
Eth will kill bitcoin.  I've been watching the aerospace for three years now?  It has actual innovation, developers from multiple sectors and they can actually deploy changes.

Bitcoin is dead.  People just don't realize it.  A private company is fighting to maintain control, the community is literally killing off any chance for real innovation.  A.)  Even if blockstream can do sidechains they have lost so much face with their underhand tactics no one will cooperate.  B.)  The private sector is excited about the blockchain(Google articles and vc funding and compare to bitcoin vc funding and articles) .  At this point bitcoin can't scale.  3.5tps to 7tps isn't good enough.

Ethereum is the only game in town that comes close to trying to meet the needs of taking crypto mainstream by proving a dev language on the blockchain and next making it scalable. 

They might fail.  I don't know.  But they're the best shot and have been for over a year.

P.S.  Don't buy today's hype.  Wait until it's "dying" or boring.  Don't let anyone tell you "remember what it was like buying bitcoin at $10".  There was one bitcoin.  Ethereum had had hype and public exposure surrounding it since day one.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: bathrobehero on February 09, 2016, 04:02:17 PM
Eth will kill bitcoin.  I've been watching the aerospace for three years now?  It has actual innovation, developers from multiple sectors and they can actually deploy changes.

Bitcoin is dead.  People just don't realize it.  A private company is fighting to maintain control, the community is literally killing off any chance for real innovation.  A.)  Even if blockstream can do sidechains they have lost so much face with their underhand tactics no one will cooperate.  B.)  The private sector is excited about the blockchain(Google articles and vc funding and compare to bitcoin vc funding and articles) .  At this point bitcoin can't scale.  3.5tps to 7tps isn't good enough.

Ethereum is the only game in town that comes close to trying to meet the needs of taking crypto mainstream by proving a dev language on the blockchain and next making it scalable.  

They might fail.  I don't know.  But they're the best shot and have been for over a year.

P.S.  Don't buy today's hype.  Wait until it's "dying" or boring.  Don't let anyone tell you "remember what it was like buying bitcoin at $10".  There was one bitcoin.  Ethereum had had hype and public exposure surrounding it since day one.

Way to be overly dramatic. Bitcoin is far from dead and statements like that makes it hard to take anyone saying it seriously.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 10, 2016, 01:08:06 AM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o

Why don't people ride the trend instead of staying in the side lines?  I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend.

not all of us are here for profits, i stay away from premine types whether or not profits can be made from them.

And yet some most are bagholding the wrong coin/s and call the ones they don't hold scams.

i think you miss the whole point of crypto, its not about making profit, whats the point of being an alternative to the greedy bankers if we ourselves become the greedy banker types (and thats happening alot in crypto).

i hold coins i support, if they don't fit a criteria i support, i don't hold them. i don't classify whether its right/wrong coin via its price in fiat, i've been in crypto many years now, i simply don't exchange crypto for fiat.



I get that.  But at the end of the day we're human.  But if you really wanna go that route, I suggest people take at a second look at Ethereum.  It could just be the thing to change the world for the better....


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 10, 2016, 01:11:05 AM
I create one fucking topic about Jackpotcoin way back so i could bump it 1 time per month
with updates about wallets or speculating on ways to improve it or market price etc etc
and what happens ?

DELETED

AND..

That was AFTER it was already being used for 8 months.. with out issue.

How many other coins was i doing this with here ? NONE !

Now let's look around shall we..

Monero ? don't even get me started on that lying sack of shit scam crew LOL

@OP:
You have created countless spammy little advertising scam coin topics on ETH.
So my question is.. how in god's name are you getting away it ?
How fucking far are the mods cock buried down the back of your fucking shameless shill throat ?

This topic, yet ANOTHER ETH Shit coin topic is pointless garbage posting !
I had my own topic on ETH from 2014.. no surprise it's not bumped  ::)

Nope nobody wants to hear the scammy ass loooong history of this "app's ponzi token"
pushed by a sleazy fucker who used my name to Pump Doge Coin on some site before.
I also bet he's the same cunt who regged the name "sputnik" on Freenode. (some guy regged as kli0rf)
Which is worth pointing out "sputnik" has not been on Crypty's Freenode channel once !
Someone is STILL masquerading as me.. pumping ETH next ? ROFL

Gimme a fucking break.

EDIT:
By the way i have seen this topic title many times already.. what the fuck does that tell ya ?
AND.. the shine comment was spot on ! hahahaha

Hey tokeweed.. my shoes are dirty bitch.. get on it !

Spit shine complete.  ;D


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: bluebox on February 10, 2016, 02:41:07 AM
Way to be overly dramatic. Bitcoin is far from dead and statements like that makes it hard to take anyone saying it seriously.
"Bring out your dead!"
"I'm not dead yet! I'm feeling much BTCetter!"
THWHACK

https://blog.ethereum.org/2016/02/09/cut-and-try-building-a-dream/ (https://blog.ethereum.org/2016/02/09/cut-and-try-building-a-dream/)
Quote
The implicit promise of upgrading Bitcoin was to prove feasibility in a sidechain for a chance to have the functionality merged back into the reference client. This promise has yet to be fulfilled and the result is a proliferation of external experimentation. Although much hullabaloo has been made about “the developer that quit bitcoin“, obviously the Bitcoin community isn’t dead, nor is its intrinsic use as a scarce digital resource valueless. Satoshi is a hero for recognising how to string several technologies together to create a truth protocol that no one explicitly controls. But the dream for Bitcoin to be the only transformative technology has been dead for a long time. We should instead embrace our new reality and look forward to all the possibilities that this important first attempt enabled.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Za1n on February 10, 2016, 03:58:47 AM
It is really hard to say, as some pointed out ETH could be the next BTC or could also be the next LTC pump/dump at this point. I am in it simply because even if it does crash I don't really have a ton of capital tied up in it, so no big loss, but I do have enough in it in case it is the next BTC I am not left out. How many of us haven't wished we got in BTC back when it was trading under $5.00? Of course I do not see ETH reaching BTC prices mainly because of the greater supply of coins, but even if it hits $50 it will be a good ride for many of us.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 12, 2016, 12:09:37 AM
Still looking good.  But I won't recommend buying in.  The train has left the station.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: The Sceptical Chymist on February 12, 2016, 02:14:56 AM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o

Why don't people ride the trend instead of staying in the side lines?  I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend.
Riding the trend is a great thing to do if and only if you know when to get off.  And none of us do, do we?  And since we don't, having any sort of money invested in something that's on a trend line with no forseeable end, it is stressful.  I speak for myself anyway.  It's risky and it's stressful.

Having said that, I gotz 18 ETH and I'm waiting for 0.019 and I'm cashing out with profit.  If it never makes it there, oh well. (I'm a high roller, I know)


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: rdnkjdi on February 12, 2016, 02:56:15 AM
Eth will kill bitcoin.  I've been watching the aerospace for three years now?  It has actual innovation, developers from multiple sectors and they can actually deploy changes.

Bitcoin is dead.  People just don't realize it.  A private company is fighting to maintain control, the community is literally killing off any chance for real innovation.  A.)  Even if blockstream can do sidechains they have lost so much face with their underhand tactics no one will cooperate.  B.)  The private sector is excited about the blockchain(Google articles and vc funding and compare to bitcoin vc funding and articles) .  At this point bitcoin can't scale.  3.5tps to 7tps isn't good enough.

Ethereum is the only game in town that comes close to trying to meet the needs of taking crypto mainstream by proving a dev language on the blockchain and next making it scalable. 

They might fail.  I don't know.  But they're the best shot and have been for over a year.

P.S.  Don't buy today's hype.  Wait until it's "dying" or boring.  Don't let anyone tell you "remember what it was like buying bitcoin at $10".  There was one bitcoin.  Ethereum had had hype and public exposure surrounding it since day one.

Way to be overly dramatic. Bitcoin is far from dead and statements like that makes it hard to take anyone saying it seriously.

I wasn't trying to be overly dramatic.  I was just stating what I see 5 years into the future.  Here's a quote from some article I read today ...

"I'm struck by how many times I've described this problem to people at the office or at Toastmasters events, who have nothing to do with bitcoin, and they have difficulty understanding what the actual problem is. When I tell them that this issue was artifically added into bitcoin after its launch, they simply ask why it takes years of discussion to change something back to close to the way it worked before. "

I'm not even sure I have an opinion anymore in the block size debate.  Blockstream needs the funding to give itself a reason to exist that comes from the 1% fee on the lightning network.  Bitcoin needs blockstream to push sidechains etc.

I just don't see it happening man.  Going from 1MB blocks that are almost full to 2MB blocks is like trying to pull a bad tooth from a bear who hasn't been sedated.  I just don't see how it can move.  VC funding dries up next (more VC funding is being poured into "Blockchain" projects that will do nothing to increase the value of bitcoin), then interest shifts from bitcoin to something else (Gavin Wood is a good example of someone who was excited about Ethereum but thought bitcoin was silly), then big providers shift to whatever is next (people who don't censor their company on their reddits for testing out a piece of software Theymos doesn't like).  Circle is talking about adding Ethereum.  Coinbase is testing Classic (which won't work - bitcoin won't fork) and maybe they are still banned on bitcoin reddit.  Not sure.  Last piece is when a few old time bitcoin whales panic that have a cost basis of $0.34 per bitcoin and start dumping for alternate currency or fiat.

Then you'll see panic.

I am being overly dramatic for today I suppose.  But not overly dramatic in the next 1 - 5 year time frame.  Watch an see.  (I'm not convinced it will be Ethereum - just that it won't be bitcoin).


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 12, 2016, 02:58:29 AM
And everyone can take part in it.

well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders  :o

Why don't people ride the trend instead of staying in the side lines?  I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend.
Riding the trend is a great thing to do if and only if you know when to get off.  And none of us do, do we?  And since we don't, having any sort of money invested in something that's on a trend line with no forseeable end, it is stressful.  I speak for myself anyway.  It's risky and it's stressful.

Having said that, I gotz 18 ETH and I'm waiting for 0.019 and I'm cashing out with profit.  If it never makes it there, oh well. (I'm a high roller, I know)

I get that.  But the thing is people who feel left out because the didn't take the trade tend to get jelly and whine a lot on these boards.  And I know for a fact that most of these people are in their 40's and are way older than me...  What a pitiful sight they are in real life, in front of their monitors, typing away trolling BCT in the middle of the night.

My advice...  Just learn how to trade and form a group and help each other out and become more productive.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: The Sceptical Chymist on February 12, 2016, 03:01:11 AM
<snip>  And I know for a fact that most of these people are in their 40's and are way older than me...  What a pitiful sight they are in real life, in front of their monitors, typing away trolling BCT in the middle of the night.<snip>
If you only knew, sir.  If you only knew.   :D


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on February 12, 2016, 03:06:36 AM
<snip>  And I know for a fact that most of these people are in their 40's and are way older than me...  What a pitiful sight they are in real life, in front of their monitors, typing away trolling BCT in the middle of the night.<snip>
If you only knew, sir.  If you only knew.   :D

They're all sock puppets?  :D


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: gentlemand on February 12, 2016, 03:35:40 AM
I think this pump has come at a very interesting moment. The combination of development strife, be that imaginary or not, and two and a bit years of utter price drudgery for BTC makes the 'too big to fail' idea pretty comical.

If those factors had come 5-10 years hence then I don't think they'd be so much of an issue but it's still tiny. Even if Ethereum was a pure business case and it wasn't even possible to speculate on then it has a chance of sailing past. Throw in greed and it's a different ball game.

No idea whether ETH will truly go anywhere. The current rise is a cookie cut bubble and could easily turn to dust but I hope it at least serves as a wake up call for the more arrogant pricks out there in Bitcoinland.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on May 18, 2016, 10:58:41 AM

Still holds true.  And you still can be a part of it.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on May 18, 2016, 11:14:29 AM
"You know it's time to sell when shoeshine boys give you stock tips"

Where's the shoeshine boy?  I'll give him a tip.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: TrueAnon on May 18, 2016, 05:55:04 PM
Love being able to read thru such pages *grabs popcorn*


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Hollowman338 on May 18, 2016, 06:24:39 PM
"You know it's time to sell when shoeshine boys give you stock tips"

Where's the shoeshine boy?  I'll give him a tip.

He's back at it again, that's where  :D

DAO pump


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: ArticMine on May 18, 2016, 07:05:30 PM
Eth will kill bitcoin.  I've been watching the aerospace for three years now?  It has actual innovation, developers from multiple sectors and they can actually deploy changes.

Bitcoin is dead.  People just don't realize it.  A private company is fighting to maintain control, the community is literally killing off any chance for real innovation.  A.)  Even if blockstream can do sidechains they have lost so much face with their underhand tactics no one will cooperate.  B.)  The private sector is excited about the blockchain(Google articles and vc funding and compare to bitcoin vc funding and articles) .  At this point bitcoin can't scale.  3.5tps to 7tps isn't good enough.

Ethereum is the only game in town that comes close to trying to meet the needs of taking crypto mainstream by proving a dev language on the blockchain and next making it scalable. 

They might fail.  I don't know.  But they're the best shot and have been for over a year.

P.S.  Don't buy today's hype.  Wait until it's "dying" or boring.  Don't let anyone tell you "remember what it was like buying bitcoin at $10".  There was one bitcoin.  Ethereum had had hype and public exposure surrounding it since day one.

Way to be overly dramatic. Bitcoin is far from dead and statements like that makes it hard to take anyone saying it seriously.

I wasn't trying to be overly dramatic.  I was just stating what I see 5 years into the future.  Here's a quote from some article I read today ...

"I'm struck by how many times I've described this problem to people at the office or at Toastmasters events, who have nothing to do with bitcoin, and they have difficulty understanding what the actual problem is. When I tell them that this issue was artifically added into bitcoin after its launch, they simply ask why it takes years of discussion to change something back to close to the way it worked before. "

I'm not even sure I have an opinion anymore in the block size debate.  Blockstream needs the funding to give itself a reason to exist that comes from the 1% fee on the lightning network.  Bitcoin needs blockstream to push sidechains etc.

I just don't see it happening man.  Going from 1MB blocks that are almost full to 2MB blocks is like trying to pull a bad tooth from a bear who hasn't been sedated.  I just don't see how it can move.  VC funding dries up next (more VC funding is being poured into "Blockchain" projects that will do nothing to increase the value of bitcoin), then interest shifts from bitcoin to something else (Gavin Wood is a good example of someone who was excited about Ethereum but thought bitcoin was silly), then big providers shift to whatever is next (people who don't censor their company on their reddits for testing out a piece of software Theymos doesn't like).  Circle is talking about adding Ethereum.  Coinbase is testing Classic (which won't work - bitcoin won't fork) and maybe they are still banned on bitcoin reddit.  Not sure.  Last piece is when a few old time bitcoin whales panic that have a cost basis of $0.34 per bitcoin and start dumping for alternate currency or fiat.

Then you'll see panic.

I am being overly dramatic for today I suppose.  But not overly dramatic in the next 1 - 5 year time frame.  Watch an see.  (I'm not convinced it will be Ethereum - just that it won't be bitcoin).

I for the most part agree with this assessment of Bitcoin. If one steps back from the short term hype and takes a medium to long term view of Bitcoin it is hard to not to reach a similar conclusion. The fundamental problem with Bitcoin is that nobody has found a solution to securing Bitcoin after the block subsidy runs out while at the same time allowing the blocksize to scale. What rdnkjdi has described above for the most part can be traced back to this fundamental problem. This also means that any POW coin that has a fixed maximum number of coins will eventually run into the same issue.

My take is that Ethereum is not the answer to a Bitcoin replacement simply because that is not what Ethereum was designed to do. I say this even as the market has for the short term treated Ethereum as a "Bitcoin replacement". Ethereum will succeed or fail on tis own merits not as a replacement for Bitcoin. If one's car breaks down one can use an 18 wheeler transport truck as a temporary replacement, but ultimately what one needs is a car that works. Of course this does not mean there may be a perfectly valid market for 18 wheeler transport trucks and investing in their production could be very profitable.

As for a "car that works" the strongest candidates are Monero (POW, adaptive blocksize limit, tail emission) followed by Dogecoin (POW,  tail emission). I include Dogecoin because adding an adaptive blocksize limit, in a hard fork, is a very minor change in the social covenant of a coin compared to adding a tail emission.  Cryptonote coins without a tail emission, for example Bytecoin, will also fail when the block subsidy runs out.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: RoseMann on May 18, 2016, 07:19:07 PM
There are so much rally in prices despite ETH not yet going mainstream. Wonder what the price will be once it gets to be used as one of the major payment options.

When it goes to main stream, the Ethereum price could be 0.1 bitcoin. I am not sure it can go higher than that.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: s1gs3gv on May 18, 2016, 09:35:49 PM
Sure is a lot of wishful thinking going on here.

Where did I see the XCP ann about porting the ETH VM into their code ?

We could be looking at an application platform war over the next few years in the blockchain space.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: pbleak on May 18, 2016, 10:01:54 PM
Much of it now depends on the DAO. If that goes swell Ether will be worth a fair bit. If it crashes there is a lot tied up in the DAO.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: sinner on May 18, 2016, 10:02:10 PM
that marketwatch article nailed it--ethereum is a solution seeking a problem.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on May 18, 2016, 10:08:24 PM
that marketwatch article nailed it--ethereum is a solution seeking a problem.

Link?


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: ArticMine on May 18, 2016, 10:10:59 PM
Sure is a lot of wishful thinking going on here.

Where did I see the XCP ann about porting the ETH VM into their code ?

We could be looking at an application platform war over the next few years in the blockchain space.

You mean this: http://counterparty.io/news/proposal-for-ethereum-smart-contracts-on-counterparty-mainnet/ (http://counterparty.io/news/proposal-for-ethereum-smart-contracts-on-counterparty-mainnet/)


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: s1gs3gv on May 18, 2016, 10:14:48 PM
Thats the one.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on May 18, 2016, 10:20:07 PM
Sure is a lot of wishful thinking going on here.

Where did I see the XCP ann about porting the ETH VM into their code ?

We could be looking at an application platform war over the next few years in the blockchain space.

You mean this: http://counterparty.io/news/proposal-for-ethereum-smart-contracts-on-counterparty-mainnet/ (http://counterparty.io/news/proposal-for-ethereum-smart-contracts-on-counterparty-mainnet/)

Wouldn't mind that at all.  That will be good for crypto.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: s1gs3gv on May 18, 2016, 10:59:39 PM
I agree. But competition has implications for pricing, of course.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: tokeweed on May 18, 2016, 11:12:40 PM
I agree. But competition has implications for pricing, of course.

Everything else is secondary when what's best for crypto is concerned.  And a little competition is always good.


Title: Re: We could be witnessing one of the greatest fortunes being made
Post by: Zer0Sum on May 19, 2016, 01:40:16 AM
"You know it's time to sell when shoeshine boys give you stock tips"

Do you really think bitcointalk posters are the proverbial "shoe shine boy" or are we in fact the opposite.
Most people have never even heard of bitcoin let alone ethereum.  Even most bitcoin owners are probably only vaguely aware of it's existance.

I believe Ethereum will prevail because it's a brilliant idea...
You have several True Genius Level people with a clear roadmap, BUT flexible and unafraid to change course as required (see Casper).

And, sorry, bitcointalk posters ARE the proverbial "shoe shine boy"...
NXT was 2015's hot ticket (RIP)... so I'm actually pleased the "shoe shine boy" mob is calling Ethereum a scam.