Again per the theory of a link of crash of crypto with an upcoming crash in gold: Martin Armstrong is still emphasizing a dead-cat bounce of gold to perhaps $1309+, then a crash to a final low < $1000 and mostly likely < $850: We are targeting the reaction high and the final low.
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Martin Armstrong is still emphasizing a dead-cat bounce of gold to perhaps $1309+, then a crash to a final low < $1000 and mostly likely < $850: We are targeting the reaction high and the final low.
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Everything sucks
So you can't disprove the facts I claim. So you admit I am correct. except our own creations!
After making incorrect assumptions about the facts of the other coins, now you want to make assumptions about my motives. Don't you think you've done enough ASS-U-MING. How about learning to study facts. My motivation is to shame you into studying technology if you want to invest in technology. If you just want to steal from greater fools, then we will understand that your post is just more P&D obfuscation tactics. Btw, when I talk about my own designs, I am careful to point out potential flaws and caveats. Also you will find that any white papers from me will attempt to have a section that explains positives and negatives to laymen (minimizing/explaining the technobabble). Hypesters don't. Your motives....yes, please tell us about your motives! Are you blind. I don't get the motives argument. If the person is correct, then they are correct. A pumper's motives will no more prove a technology is first rate than a critic's motives will prove that a technology is second rate. Look at the facts of the argumentation, see if holds water, and move on. I'd be more scared if it was just praise for a technology and no one had the motivation to test and see if the tech is as good as advertised. My motive is to have rational technological analysis. People don't like the truth. The fact that most all (but not all) of the altcoins are flawed is just fact. |
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Everything sucks
So you can't disprove the facts I claim. So you admit I am correct. except our own creations!
After making incorrect assumptions about the facts of the other coins, now you want to make assumptions about my motives. Don't you think you've done enough ASS-U-MING. How about learning to study facts. My motivation is to shame you into studying technology if you want to invest in technology. If you just want to steal from greater fools, then we will understand that your post is just more P&D obfuscation tactics. Btw, when I talk about my own designs, I am careful to point out potential flaws and caveats. Also you will find that any white papers from me will attempt to have a section that explains positives and negatives to laymen (minimizing/explaining the technobabble). Hypesters don't. Your motives....yes, please tell us about your motives! Are you blind. |
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[more bullshit press releases that talk but don't explain why their technology is flawed]
Are there more fools to buy this shit and lose their money, as they are about to by buying ETH at nosebleed prices. |
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If it breaks below roughly $8.50, then next uptrend support line is at roughly $7. The next support would be at roughly $6. If below that, there is no support and it would collapse.
Slow rate of collapse might be short covering.
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I suppose everyone understand this, but I will state it for the record.
With a $200,000+ monthly budget, Ethereum can afford fancy website design and paid promotion at sites such as Coindesk, etc..
We gave them $18 million to produce no solution to the fundamental challenges they never solved, and they spent our money on hype to fool other greater fools into buying at nosebleed, manipulated prices. We invested in screwing the newbies who come to crypto.
That is not a sustainable model for growing our ecosystem. We are poisoning the well from which we drink.
Sorta working for BTC, no? Huh  Despite having become by now arguably controlled by the Chinese mining cartel, Bitcoin had some years of being mined from laptops decentralized and I can spend Bitcoin widely and use it to transfer funds internationally. >Bitcoin had some years of being mined from laptops decentralized Yeah, way back when you couldn't >spend Bitcoin widely and use it to transfer funds internationally :- Billed as noninflationary -> inflating @ 10 -12%/yr Billed as virtually instant -> sometimes virtually instant Billed as virtually free -> fees growing and are guesswork Billed as money 2.0, the next world currency -> 3tps tops; not enough for a suburban shopping mall Billed as p2p cash -> bank2bank sidechain settlement layer. So yeah, with the only unique use cases being ransomware, child porn, online gambling & DNMs, I'd say fancy poker chips; speculative value only (regardless of teh backstory du jour). And compared to what? Ethereum with 0 users versus Bitcoin's 1 million users. Yes Bitcoin has stalled. We all know that. But the shit offered so far to replace it is useless/flawed lies and hype. Bitcoin fulfilled a significant portion of its promise. Enough such that we now all have a crypto unit-of-account to trade from. A unit of account that fluctuates as much as BTC is about as useful as ...let's just say it's not useful. Myopic given a major use of BTC is for accumulating more of by using it as a barometer against and with to trade between altcoins. Bitcoin, outside of DNMs, was always a purely speculative commodity, a way to gamble online without the associated social stigma, tell [overly trusting] friends you're a currencies trader  It also provides a bridge to that savoircoin which will actually provide the use cases. It pulled a lot of capital into our arena in order to incentivize someone like myself to devote 4 years of my life to studying it. Still an interesting laundering vehicle, but that's not gonna last more than a year or two. Less, if there's serious growth. TL;DR: Bitcoin, like house dealers and cool bands, was great when it was obscure. Success just doesn't become it  Necessity is the mother of invention. Bitcoin has served an essential role. |
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Ethereum 1.0 sucks. Ethereum 2.0 is being worked on right now. I have high hopes for it.
Exactly. ETH 1 is just a pump and dump machine. ETH 2 will be the real deal. Ethereum 1.0 sucks. Ethereum 2.0 is being worked on right now. I have high hopes for it.
exactly, Technology idiots, uniformed dreamers, and/or pumpers who haven't read my posts in this thread. |
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I just dont understand why Monero is still underpriced, it should be atleast 0.01 if not more
Because Monero has only been marketed to speculators who want to chase the quick money pumps. And Monero can't be pumped because it was mined too fairly. Monero is slowly building its momentum as Bitcoin crumbles. I don't know if this strategy will pay off, but it may as open source tends to gobble up the failed projects. The chart relative to BTC is very bullish as showed in my prior post. To accelerate Monero's path would afaics require a different tactic (e.g. building some killer app and marketing for user adoption) which afaics is antithetical to its open source modus operandi. And such a tactic may be an incorrect approach. |
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Pumper here is the technology reality check: More reasons Ethereum can't scale decentralized: Truth is started to come out... Also the Dapps look mostly like nonsense or they don't need Turing complete scripts:  WOW.... all these prediction would be fit perfectly in augur... LOL Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact. I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker. augur more like decentralized betting market, they want us to bet on everything. if you look at it that way, it actually make sense. True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm. There is a lot of bullshit floating around in this forum. I'd estimate, that 'working' DAPPs can only be nichy ones w/o any real risk exposure. Similar to bitcoin early bootstrapping with Silkroad you can start with: Gaming, Betting, Cheating, Porn... I need to spend more time thinking about it in detail. Devil is in the details.
https://blog.slock.it/partnering-with-rwe-to-explore-the-future-of-the-energy-sector-1cc89b9993e6
http://www.coindesk.com/german-utility-company-turns-to-blockchain-amid-shifting-energy-landscape/
This does not benefit from a smart contract for an analogous reason as to why Augur and BitUSD are not secure without centralization of the prediction outcome or price feed respectively. That is that a decentralized block chain can not determine whether the charging completed successfully.
The only verification of the success of the charging can be either a) mutual agreement of the service provider and the client, or b) a trusted third party escrow agent. In either case, we don't need smart contracts to do this, as we can do it with multi-sig transactions on Bitcoin.
This generative essence flaw that block chains can't validate external events and must trust humans to sign for events, renders most Dapps no better than what we can do with Bitcoin and external business logic.
Of the 7 cool Dapps listed for Ethereum, the Vevue project should be implemented with a decentralized file store employing a DHT for quick lookup by geographical target with a list of approved hashes stored on a block chain (per my suggested improvement for decentralized file storage systems to make them not useless/banned pirating systems). There is absolutely no reason that any of the logic needs to be contained in a smart contract! Because even if you do incorporate a means of disapproving hashes (e.g. for plagiarized content), the decentralized block chain can't make this determination per the prior paragraph. 4G Capital's use case, decentralized micro-blogging, and empowering artists can be similarly handled without smart contracts.
Etheria is a different case because it wants a global consensus on the state of all the resources (tiles and blocks). Therefor it needs an enforcable smart contract in order to guarantee the global state is updated corrrectly and under control of the protocol (enforced by the smart contract), i.e. not controlled by an entity. This could run on its own shard (i.e. effectively its own block chain!), except for the problem that it uses ETH which I explained upthread is impossible to shard without breaking the Nash equilibrium and creating a Prisoner's Dilemma for validators and the security of the block chain. Thus the way to implement Etheria correctly is for it to run on its own shard with its own currency unit. Those who want to play have to purchase its currency unit (and note the work I did recently on decentralized exchange). But this does not solve the scaling problem, because there will be no way to shard this Etheria currency unit (token). And Etheria's block chain's security would have to be provided by its own miners/validators, not Ethereum's. Once again, we come full circle and see that for the applications where smart contracts are required and would work, they don't work because there is no way to scale them decentralized. Crowdfunding is another valid use case for a smart contract, but with the same problems.
The more important issue for block chain 2.0 is getting the decentralized consensus correct for a normal block chain (without smart contracts) which can store hashes of data, not the entire data nor enforce business logic. For the cases where we need smart contracts and they work, then we first need to solve the scaling and decentralized consensus. Again I have explained that Ethereum is headed the wrong direction with Casper and it can't work. I have an idea of how to make this all work. I have already explained my idea. |
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More reasons Ethereum can't scale decentralized: Truth is started to come out... Also the Dapps look mostly like nonsense or they don't need Turing complete scripts: WOW.... all these prediction would be fit perfectly in augur... LOL Except that augur is nonsense, because the market is not an accurate prediction paradigm. The market speaks, but after the fact. I could sell you idiots turds wrapped in a Snicker's bar wrapper and you'd buy it, take it home proudly, and put in your ref for safe storage without ever opening to verify it. Then later when your frig smells like shit, you go searching for some poo and never open the Snicker. augur more like decentralized betting market, they want us to bet on everything. if you look at it that way, it actually make sense. True. But we can already do that. What augur is trying to do is figure out how to record of the outcomes decentralized. But the problem is that violates the Nash equilibrium (since users have game theories to profit on reporting different outcomes). I don't expect Augur to function decentralized and expect it to diverge into chaotic disorder unless they centralize control of the recording of the outcomes (in which case they've accomplished nothing). Bitshares is centralized which enables using a price feed for the BitUSD algorithm. There is a lot of bullshit floating around in this forum. I'd estimate, that 'working' DAPPs can only be nichy ones w/o any real risk exposure. Similar to bitcoin early bootstrapping with Silkroad you can start with: Gaming, Betting, Cheating, Porn... I need to spend more time thinking about it in detail. Devil is in the details.
https://blog.slock.it/partnering-with-rwe-to-explore-the-future-of-the-energy-sector-1cc89b9993e6
http://www.coindesk.com/german-utility-company-turns-to-blockchain-amid-shifting-energy-landscape/
This does not benefit from a smart contract for an analogous reason as to why Augur and BitUSD are not secure without centralization of the prediction outcome or price feed respectively. That is that a decentralized block chain can not determine whether the charging completed successfully.
The only verification of the success of the charging can be either a) mutual agreement of the service provider and the client, or b) a trusted third party escrow agent. In either case, we don't need smart contracts to do this, as we can do it with multi-sig transactions on Bitcoin.
This generative essence flaw that block chains can't validate external events and must trust humans to sign for events, renders most Dapps no better than what we can do with Bitcoin and external business logic.
Of the 7 cool Dapps listed for Ethereum, the Vevue project should be implemented with a decentralized file store employing a DHT for quick lookup by geographical target with a list of approved hashes stored on a block chain (per my suggested improvement for decentralized file storage systems to make them not useless/banned pirating systems). There is absolutely no reason that any of the logic needs to be contained in a smart contract! Because even if you do incorporate a means of disapproving hashes (e.g. for plagiarized content), the decentralized block chain can't make this determination per the prior paragraph. 4G Capital's use case, decentralized micro-blogging, and empowering artists can be similarly handled without smart contracts.
Etheria is a different case because it wants a global consensus on the state of all the resources (tiles and blocks). Therefor it needs an enforcable smart contract in order to guarantee the global state is updated corrrectly and under control of the protocol (enforced by the smart contract), i.e. not controlled by an entity. This could run on its own shard (i.e. effectively its own block chain!), except for the problem that it uses ETH which I explained upthread is impossible to shard without breaking the Nash equilibrium and creating a Prisoner's Dilemma for validators and the security of the block chain. Thus the way to implement Etheria correctly is for it to run on its own shard with its own currency unit. Those who want to play have to purchase its currency unit (and note the work I did recently on decentralized exchange). But this does not solve the scaling problem, because there will be no way to shard this Etheria currency unit (token). And Etheria's block chain's security would have to be provided by its own miners/validators, not Ethereum's. Once again, we come full circle and see that for the applications where smart contracts are required and would work, they don't work because there is no way to scale them decentralized. Crowdfunding is another valid use case for a smart contract, but with the same problems.
The more important issue for block chain 2.0 is getting the decentralized consensus correct for a normal block chain (without smart contracts) which can store hashes of data, not the entire data nor enforce business logic. For the cases where we need smart contracts and they work, then we first need to solve the scaling and decentralized consensus. Again I have explained that Ethereum is headed the wrong direction with Casper and it can't work. I have an idea of how to make this all work. I have already explained my idea. |
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I suppose everyone understand this, but I will state it for the record.
With a $200,000+ monthly budget, Ethereum can afford fancy website design and paid promotion at sites such as Coindesk, etc..
We gave them $18 million to produce no solution to the fundamental challenges they never solved, and they spent our money on hype to fool other greater fools into buying at nosebleed, manipulated prices. We invested in screwing the newbies who come to crypto.
That is not a sustainable model for growing our ecosystem. We are poisoning the well from which we drink.
Sorta working for BTC, no? Huh Despite having become by now arguably controlled by the Chinese mining cartel, Bitcoin had some years of being mined from laptops decentralized and I can spend Bitcoin widely and use it to transfer funds internationally. >Bitcoin had some years of being mined from laptops decentralized Yeah, way back when you couldn't >spend Bitcoin widely and use it to transfer funds internationally :- Billed as noninflationary -> inflating @ 10 -12%/yr Billed as virtually instant -> sometimes virtually instant Billed as virtually free -> fees growing and are guesswork Billed as money 2.0, the next world currency -> 3tps tops; not enough for a suburban shopping mall Billed as p2p cash -> bank2bank sidechain settlement layer. So yeah, with the only unique use cases being ransomware, child porn, online gambling & DNMs, I'd say fancy poker chips; speculative value only (regardless of teh backstory du jour). And compared to what? Ethereum with 0 users versus Bitcoin's 1 million users. Yes Bitcoin has stalled. We all know that. But the shit offered so far to replace it is useless/flawed lies and hype. Bitcoin fulfilled a significant portion of its promise. Enough such that we now all have a crypto unit-of-account to trade from. I of course agree that Satoshi hyped Bitcoin as a less debased gold, which is bullshit. But it worked! We now have the crypto unit-of-account to trade from. |
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I do agree with the theory of a long term bear market in Bitcoin. I see this because of the following: 1) There is a widening chasm between the promise of Bitcoin, a digital and fungible currency that can be used by anyone in the world to pay anyone in the world without the need of an intermediary and the reality a digital non fungible currency that can in practice only be used as a settlement layer between the intermediaries Bitcoin was supposed to replace under the promise. 2) The macro economic factors identified by Dent and Armstrong, namely a 30s type deflationary depression. What Dent got wrong is he failed to take into account the impact of the massive quantitative easing or money printing by the central banks since 2008. This would make a strong fiat currency such as USD attractive. In the scenario above one would expect an overall bear market in crypto currency; however just as was the case during the 1930s with stocks there will be exceptions that buck the overall trend. Identifying the latter is where the real long term opportunities lie. Monero could very easily buck the trend since objectively it is very well placed to become the promise of Bitcoin. What this would point to for Monero is very strong long term prospects combined with extremely high short to medium term volatility and risk. My personal position is almost exclusively a combination of CAD and XMR with no debt. A convertible fiat other than USD can make sense where a person's expenses are denominated in that currency. Based on the logic of my prior post, if you are comparing your opportunity cost to US dollars, I think you take some short-term profits on XMR. If you are using BTC as your unit-of-account, then HODL Monero. Simple. |
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FCT is a centralized blockchain. They built it from scratch and are experts on how to use it. "Big Business" likes this approach. This is one of those coins that you will want to sell one day and not keep it forever.
Yeah, but it is a HODL right now. Who knows what one Factoid would be worth in 2020? I am going to do my very best to release something in 2016 that puts all these utterly flawed 2.0 chains in the trashcan with 0 market caps. |
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I'm interested in TPTB's claims because that level of arrogance demands scrutiny.
Please do scrutinize my posts. I want to know if anyone can find a flaw in my analysis. I am preparing to reveal how Dapps are mostly useless. |
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Firstly don't blame other people for your own inadequacies. Secondly if you read the website and still don't understand nor appreciate the vast potential in Ethereum then I suggest you stay away from it until a Dummies Guide is published. When the Internet and email first came out the dumb people questioned why they'd need it. Today these very same individuals post dumb selfies on Instagram and mind numbing liked on Facebook. Sometimes you need the vision and intelligence to look behind the organ grinders curtain.
Hey pumper idiot. You don't understand Ethereum's insouciant, technological incompetence and overhyped useless Dapps either. Click my name and click read my posts. |
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I need a choice, below 0.001, not 0.01.
I don't know when that will happen, but I believe it will because it is an entirely useless nonsense that has been hyped. The fact that most of you can't fathom my perspective is why you are all wrong. The price is sustained by your ignorance. Make sure you read my posts and understand them.
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