Or if BTC actually falls down a lot further then 0.03 might be a good stability point as it's USD value would remain the same. (Possibly)

I think you have countered your own point with your own stats.

Obviously ETH is something more than just gas.


What makes you so sure that ETH has this one and only purpose?

Download and use Parity.

Is this discussion still going or has this thread pivoted to something else?

Disclaimer: I hold BTC, XMR and ETH, I consider them all to be apart of the growing Crypto economy.

I believe that you're wrong about the ETH market cap.

There are many people already transacting goods in Ether, ETH is being used not only to power contracts but also act as the store of value and transfer of value for many ICO's that are happening on the Ethereum chain.

Trust me, if ETH was only for gas none of this would be happening.

It's a currency, as much as Bitcoin is.

But it's not a competitor to Monero, it's not anonymous and from my research no one wants ETH to be anonymous.

(Although they are looking to closely integrate with an anonymous carrier currency for adding privacy to smart contracts.)

I am told constantly by many investors that Crypto currency communities are toxic, and I can see why. Here we are talking about the future of anonymous transactions and anonymous stores of value and there are people like you that are believers in what I call "onecoin".

This is the flawed concept that there can only be the one coin, no matter what that coin does.

It makes you as bad as the Bitcoiners that believe no matter what blockchain advances happen in the future, all progress shall halt as Bitcoin was made perfect in Satoshi's image.

My recommendation.

Stop being that guy, stop being a onecoiner.

There is room for a smart contracts platform and yes, ETH is the coin for that platform and yes it's very much a store of value. Even today it's being used in many ways that are not just for "gas".

However there is also room for anonymous coins, where the entire blockchain exists for that one purpose.

Monero could be/is that coin, your main competitor isn't going to be ETH, it's going to be Zcash.

Consider this, I used to be a onecoiner but realised that many of these projects are very much apples to oranges.

The market can carry more than one coin, as long as those different coins serve a purpose.

Your attitude towards ETH is toxic.

Let's stop.

My opinion here? I believe that the market can sustain multiple anonymous coins on the basis that they satisfy the following:

1) They have proper anonymous capabilities.
2) They have good development teams.
3) They have active communities.
4) They are used in trade/goods.
5) They have different tech.

This last one is really important. The market will not sustain two large economies around two coins with the same tech, it's pointless. Look at Litecoin and Bitcoin.

However Cryptonote is very different from Zcash.

This is good.

That means that people that want to trade and park their money in an anonymous currency now have two technologies to choose from.

And anyone smart will put their money in both. (hedging in case the tech in one of them ever fails)

Of course (1) matters here too, hence why Dash will not be apart of any serious consideration for an anonymous coin.

It really isn't. No one serious about Ethereum hangs out in this thread anymore.

So JD holds the vast majority of all the clams? Or did I read that wrong?

Now doubly safe!

Here is mine:

Address:
1Cko98jZNQ5zwwhKsJ6GTXo4QnP4FJTuy6

Message:
This is drawingthesun. This message was made on the 21st September 2016.

Signed:
IGNK6Ox6O2KKcTFlCaho9/CiOM1tponiOuhR/ColkN39DQz+aBrMclfQ+CDqrC8KRvvU8T9CG3nGHR65JQ39bZc=

Verification: http://coinig.com/

2017 Year of the Linux desktop Bitcoin

What are they going to get convinced about?

Looks like the latest one are installers.

They install into the user/app directories and not in program files.

On my Windows box they appear here:

100% Litecoin the one you want to knock off, at this point in time it really serves no useful purpose.

I would also like to see Ripples lose their market share, it's worrying that they are worth so much.

Good to see iCEBREAKER still around these parts

I think they have recently capped people becoming legendary, it's preparation for the BitcoinTalkCoin that will soon be released.

As part of your job running an exchange you will be:

- Building software.
- Maintaining that software.
- Actually still developing that software, developing really never finishes, if someone tells you it does then they don't know what they are talking about  and you should run away fast!
- Fix things when code and scripts stop working for various reasons:
-- Hardware failure.
-- Wallet lockup.
-- Fibre between servers down.
-- Upstream carriers experiencing problems.
-- Unforeseen issues where code behaves in an unexpected way.
- Keep on top of scammers and other issues.
- Keep on top of wallet security for all of your wallets.
- Keep up to date with tax obligations.
- Accounting.
- Legal issues.
- KYC laws. They may or may not apply.
- Deal with support issues, you will have many many support queries.
- And guess what, you can't fob off all support to some lowly paid employee because BAM! You're know entering the world of enterprise level security. (How to secure internal systems from employees)
- Working on version two of the software so you're still relevant in 6 months.

I work as a software engineer at a non exchange company and I also see the workload of system administrators.

All companies that rely heavily on engineering and software will need constant work, it's sit and forget for the investors only.

Running a piece of software on the internet that it supposed to be safe and secure whilst being maintainable is hard work.

Also you're not just running a piece of software, you're also running a business.

Are you able to make a predication about the final amount of "initial coins" that will exist?

(The amount of coins distributed via the Synereo team, ignoring any coins generated via staking)

So you have a few different way of asking this.

1) How strong are the Bitcoin wallets?

2) How strong is the Bitcoin network?

3) How strong is the Bitcoin network effect?

1) How strong are the Bitcoin wallets?
Very strong, but if your password is weak and someone is on your PC they may be able to crack the password. More likely a malware will sniff your keystrokes and steal your coins.
The wallet is strong, most of the time the computing environment is not.
Look into hardware wallets asap.

2) How strong is the Bitcoin network?
Most certainly one of the strongest chains out there, although ASIC/China mining centralisation is worrying.

3) How strong is the Bitcoin network effect?
Network effect is the social effect, the popularity of a coin.
This one is very strong, even coins that are far more advanced pale in comparison to Bitcoins network effect.

With the AMP burn what is the final total amount of AMP's that will ever exist?

https://blog.synereo.com/2016/09/16/synereo-burns-half-of-all-amps-in-existence/

The only way is if Satoshi turns Bitcoin off, which he probably won't do.


Buy BBQ coins.


2 billion people today rely on Bitcoin, without it they go hungry.

It's theorised that society will completely collapse if Satoshi were to turn off Bitcoin.

Nope, not at all.