And precisely that is why Bitcoin is $600 and not $1200 or $2000.  A lot of people got burned by the volatility, the day traders are making a killing on BTC and all the alternates but at the price of alienating newcomers.

Yeah but how do we know if it's legitimate newcomers?  There's so much speculation buying by existing users of coins.

Newegg announcement sent BTC up by a good $40 and then it went down.

It's all hype buying by whales and the masses, a mini-pump and dump if it were.   True capitalization growth will come with either deflationary velocity or new adopters and the latter doesn't really seem to be happening as much anymore.

Arguably not even Facebook has a monopoly on social media - there's VK (Russian) and Renren (Chinese) and both of these are blatant ripoffs / reskins of Facebook, right down to the colouring (at least Litecoin went with different colours) and they're worth huge money.  Then, as you know, Facebook came after Myspace and Facebook was arguably (technically) a fork of ConnectU (Harvard Connection).

No single coin will ever be independent - the daytraders at least want multiple coins so they can make profit off volatility between the coins.  It's like suggesting there should only be one $Fiat currency but in reality that's never been the case in human history.  People tend to empower currencies of their choice and there's always been willingness for interchangeability.  As absurd as it may be, you can get exchange US dollars for currency from North Korea, Cuba and Papua New Guinea and vice versa without much issue.

 

I don't know if it's been changed in the recent weeks but for a long time it was always a PoW / PoS hybrid and it was dis-inflationary (much like Bitcoin is dis-inflationary, meaning an inflationary system which eventually ceases to be inflationary).

Yeah so very very few people are doing their homework on Ethereum.. you're throwing big bags of money into a coin that will be dumped by the founders and all the professional miners who mine it.  The bagholder whines are going to be incredibly loud.

It's a scam in the sense that they're encouraging people through hype to trade in their valuable Bitcoin for this Ether, which (if it does launch) won't be released until 2015 and there's no guarantee it will go anywhere.  Can you wait 6 to 15 months for a coin?  Especially if you're throwing $1k, $10K or more on Ether?  That's 6 to 15 months you could be diversifying into new cryptos (like NEM, Node, Ora and countless others) which will probably bring a better ROI than Ether.

Ethereum is better compared with Maidsafe and Mastercoin.  Both those coins suckered in a lot of rich investors (many who came in pre-IPO) who would had made way more money had they instead invested into Doge, NxT and Darkcoin.    In other words - Ethereum from the get go is designed as a get quick rich scheme by a few wealthy investors who think throwing their own money at a coin will stimulate demand for it.  Has that ever worked for anyone?



The thing about this Ethereum stuff is that you have to invest serious capital to get any money out of it.  If I invest $1000 and there's $30 million Ethereum IPO funds, I'll only get like 0.000033% of all Ethereum.  I'ld have to wait until Ethereum is worth $billions to see any substantial ROI (compared with other alternates) but that's easier said than done.   There's no guarantee that Ethereum can ever go above $30 million let alone hit billions.   Maidsafe has barely gone anywhere while other coins shot way past it.

Every sex slave is forced to have sex.

 Every soldier is not necessarily forced to fight.  When you are conscripted - you can end up as a cook or some logistics position or rear guard position.  Frontline soldiers died in droves but the guys in the 2nd line roles often made it through the whole war without having to fire a rifle.    As well, with how capitalism is structured, often the army (even if it's unpaid conscription) is better than any menial job a young person can get.

In the Germany's case - they had almost a half million men in Scandinavia who spent the whole war doing little other then man AA guns and the artificial-imposed exchange rate meant they had more money than Norwegian / Danish men and thus guess who was getting the girls and drinking all the liquor?  The same was essentially true for German soldiers who were on occupation duty in Western Europe until Normandy.  There were US soldiers who spent the whole war in Britain chasing women and never fired a rifle either.

Can't say it has changed much in the present day.  While there's no conscription in the Iraq and Afghanistan War - you had certain soldiers who spend entire tours fighting while others get to stay at base and play Xbox on their time off or post lap dancing photos (I'm referring to the female servicemen) and both receive the same "hazard pay".

Turing complete*
It's a mathematical test named after Alan Turing. 

"A language is Turing complete if it has conditional branching (e.g., "if" and "goto" statements, or a "branch if zero" instruction) and the ability to change arbitrary memory locations (e.g., the ability to maintain an arbitrary number of variables). Since this is almost always the case, most if not all languages are Turing complete if we ignore any limitations of finite memory".
 
Pretty much all the Java-based coins are turing able.

The reason why Bitcoin isn't turing complete is because turing complete is more vulnerable than non-turing.

https://bitcointa.lk/threads/the-bitcoin-scripting-system-is-purposefully-not-turing-complete-why.315854/

Maidsafe was $8 million IPO and for a long time it went nowhere, only today is it $12 million.   You might say that's a good return but, in reality, there's been many other coins with far better returns.  People who invested huge money into Maidsafe could had invested into Dark and made tons more.

Ethereum won't go anywhere and they refuse to answer technical questions and hate it when people bring up other second generation coins like NxT.  Ethereum is obviously a copyrighting (journalist / marketing coin) which is aimed at dumb rich people with a lot of money who are too lazy to do their own research.

Yeah it's a ponzi scheme ran by a few wealthy investors, your point?

eMunie came before Ethereum and IIRC they were able to get like $1 million pre-IPO from a bunch of suckers.  We don't know how much pre-IPO was invested into Ethereum but I assume it's millions.  The current IPO is likely just pre-IPO investors transferring their funds over in internal buying.

Most of us want the Cube as the logo..

It's psychological as well.   Your eyes might not see it but your brain certainty does when it reads the "N+E+M" in the Cube.

They've been shying away from those questions for ages.  Vitalik was always nervous when people asked him about NxT.  "Turning complete" is BS marketing, it's like saying "our water is H20" as several coins are already turning complete.

Big difference is that any value of UF's socks is far less than the value of BCnext socks.  BCnext only had to halfass create 3-4 socks, while UF to have the same influence would to create 480+

Who knows / who cares.  An early NxT whale got around 40 million NxT for 1.5 BTC and there was no taint analysis to root out socks.  It may as well be the case that BCnext took 200 million NxT for himself, as several of the NxT whale wallets have been inactive since 2013.  The UF is old FUD and doesn't stand up that well as someone would have to create 160 sockpuppets in NEM just to match a NxT whale, even though NEM and NODE taint analysis never found any sockmasters with more than 5 stakes.  UF I think didn't have the determination nor the time to do something like create 480 sockpuppets to get 15% of NEM.

Everything's shady.  You forgot about the Goldman Sach's connection.  There's only so many people in this world that have worked for them (out of 7 billion people) and yet Ethereum has them.

Then there's Vitalik - always doing these hour long interviews and flying around the world to promote Ethereum.  When does he have time to do any development?  Why is he passed off as some sort of prodigy developer?  How is that kid more well known than Charlie Lee or actual Bitcoin developers like Gavin Andresen?  I swear that Vitalik is a mascot, some Goldmansachs executive at some table probably said: "We need someone 'hip and kewl', like Justin Bieber, to promote our scam coin to the skateboarding millenials".. "umm how about Vitalik sir, all he does is edit some magazine read by a few dozen people and he's also from Toronto just like Bieber", "Good job Samuels, keep up the good work and you'll get that raise".

They already had $1 million before coindesk article and a thread on BTT.  Where's this money coming from?  Maidsafe IPO had laundered MtGox Bitcoins and Maidsafe corporation and angel investors buying their own coin and that went to $8 million.  What happened to Maidsafe?  Well the volume afterwards became a joke because 99% of it was all internal buying.


Ethereum has the Goldmansach's connection and they presumably have angel investors with deep pockets.  They're making it look like Ethereum actually has demand and a following but we know the opposite to be true - Ethereum forum is essentially dead, almost nobody talks about it on Bitcointalk (and those who did hate it), so Ethereum in a nutshell is another ponzi scheme ran by a few wealthy investors and they're going the copywrighting route like Mastercoin and Maxcoin (spamming lame articles and videos all over the place).

I was one of the first few people who saw the Ether sale thread and it was already at $1 million..  no articles on Google news search (not even Coindesk's article was out yet) and almost no mention of Ether anywhere and yet it already had $1 million!

Maidsafe had $8 million IPO in a few hours and it was found that most of it was laundered Mtgox coins.

Ether could be laundered Bitcoin or it's them buying their own volume to make it look like there's actual demand.  Combination of the two is probably the case here.  Ether is seen as a scam on this forum - nobody is selling their car or their house to buy that crap, especially when it supposedly won't release until 2015.

It makes no sense from a venture perspective to buy a coin that does $10 million in IPO as there's almost no gains compared to the amount of risk you're taking.   Ether might not launch.  Or it might nose dive in value.  Or it'll stagnate like Maidsafe.  The people who invested into Mastercoin and Maidsafe know that - they would had made tons more money investing into Doge, NxT and Dark.

Anyone who invests into Ether would likely make more money investing into NEM, Node, Ora - we'll see in a year and I reckon I'm right given the past track record.  These copywrighting (journalist coins) almost never live up to the hype.  You could almost say they're intended to be scams to sucker in IPO money but this is hard to prove.

Didn't Maidsafe do like $8 million in 24 or 48 hours?  Some success that was.  We later found out that most of the IPO funds came from MtGox bots laundering stolen money.   I wonder if Ethereum will be getting laundered Bitcoins too?  I was one of the first to see the Ethereum presale thread and by then they already had a million (from where?  the thread barely had any views and there were no news articles about it on Google.  Who threw in a million so fast?)

Ethereum is a copywrighting coin (journalist coin) like Max Coin and Mastercoin, they pump out these essay articles and hour long boring videos that are only seen by hundreds (with the odd video or two with a few thousand fews).  Between Vitalik flying around the world and partying and doing hour+ long interviews, where he has the time to develop anything.  But, then again, if he's a full time mascot for Goldman Sachs' they probably outsourced the development to India.   


Ethereum is on record for stating it wants a $30 million IPO back in January.  If I put in $1000 - that gives me 0.0000033% (that's five zeros) of all Ethereum.  Just to see a return of 100x Ethereum would have to hit $3 billion which is easier said than done.  I don't think a coin can go anywhere if it's a ponzi scheme ran by rich investors.  There's nothing to incentive early adopters to come on board to use the coin.


As for the Ethereum language bull$hit..  It took a good decade for C++ and Java to work out all the bugs and to have a community of developers, nobody but Vitalik knows how to program in his supposed Ethereum and I bet its' bugged.  As for Ether itself, it's still on generation 1.0 format of PoW / PoS hybrid (Peercoin has been doing that for ages).  Ethereum seems like it's more geared to take on 1.0 coins than to compete with any 2.0 coins out there.

So I invest $1000 but this is a $30 million IPO... that gives me 0.0000033% of all Ethereum.    There's no guarantee that Ethereum will hit billions, either.  Actually it's almost guarantee it won't hit $1 billion as the general public is largely not interested in buying into a ponzi scheme ran by rich investors.

  The people who bought Mastercoin, Max Coin, Maidsafe, et cetera, would had made more money off NxT, Dogecoin, Dark, et cetera.