I know how shit eth is, but nobody seems to care. They all buy it anyway. I never invested in eth, never ever.
But there are facts, eth is about to surpass bitcoin. You can't ignore that.
De market can be irrational for a very long time. The thing is: most people don't care what coin they use, they just want profit! And profit is measured in dollars, real-estate, gold, Bitcoins, cars, or anything else with real value. Altcoins only started because people felt like they missed the train on Bitcoin, they want the "from zero to millionaire" train, over and over again! Hundreds of altcoins did that, and by the time they were all called shitcoins, "smart contracts" were (and are!) the next hype. Nobody needs smart contracts, so they make up a non-existing problem that could in theory be solved by a smart contract. But any smart contract they made, failed big time. Let's not forget The DAO! I think a good indicator of how "real" any altcoin is, is whether or not people install a wallet for it. It's virtually impossible to install hundreds of different wallets, so many people keep their coins on an exchange. Let's pick a random coin from coinmarketcap: E-Dinar Coin, worth $27M. I have never heard about it, haven't ever seen it either. Just like any other altcoin, it has a flashy website telling you what they're good for, but the reality is: people only buy it because they hope it will be worth double the next week. Barely anybody cares about what coins really stand for, and that brings me back to your point that ETH is growing despite being shit. Take Vitalik Buterin for example: he only used Bitcointalk to promote his fork-coin, and hasn't been here for a year now. But he is still spreading FUD-lies about Bitcoin on Twitter. He earned billions from his premine, and yet, he has zero trust score on this site. He too joined too late to get rich from Bitcoin, so he created his own token. And so far he's doing a great job in getting people to invest in his tokens. Until it pops. Bitcoin has some problems though. We all know the transaction cost problem, but it also lacks funding for a big development team. That might be improved with side chains, SegWit and Lightning Network, but the main problem is that miners take all the money while nodes get nothing. Satoshi controls enough coins to fund a dev-team, but he disappeared years ago. Future development needs funding, if just a few percent of fees could be used for development, Bitcoin could grow so much. Instead, miners get $6 million per day now, which they spend on hashrate and electricity. Millions of dollar per day flow out of the Bitcoin ecosystem, and it doesn't add anything to improve Bitcoin. I agree with everything you said above. I also think nodes should get paid, otherwise why would anyone bother running one? Securing the network? For free? Why? Gtfo! Miners spend their money on their own Dev team, it is called "bitcoin unlimited" which is going to give unlimited powers to miners.  |
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From reddit, sekaterina,
It all boils down: Ethereum is just an attack against Bitcoin (and other cryptocurrencies).
Big banks - Federal Banks, those who actually control money, are afraid. Bitcoin and crypto is taking their power away from them.
Thats one of the reason we see these attacks constantly, even the alternative bitcoin clients etc. Ethereum is just a bit more sophisticated attack.
This is the trumping up stage for Ethereum, and when it inevitable crashes, banks will win. They will damage Bitcoin. Seriously.
Even if Ethereum does not crash after all these ponzies (Ethereum is a Ponzi of Ponzies), they win, by having such a hold over it. Vitalik is just a patsy. Ethereum's premine most likely was to get most Ethereum into the hands of the powers that be.
FIAT is perfect system for the banksters right now. They want to either destroy bitcoin or bring that same magnificent fraud to cryptocurrencies.
Just ask, why all of sudden big banks have regulators as their best friends. They are not even too shy about wanting to destroy bitcoin. They don't trump it, they don't advertise it, but they are not being too secretive about it neither. https://www.reddit.com/r/Bitcoin/comments/6grsqz/whalepandai_was_wrong_about_ethereum/diswm5o/ |
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WADDAFUQ?! How are ethers created?
The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:
60 million ether created to contributors of the presale
12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) This is straight from the eth faq. 72 million eth is premined. %78 of the total circulating supply. How the fuck people can still invest in this premined scam? How the fuck coinmarketcap list ether #2 coin while 78% of its supply is premined? Don't believe me? See it yourself: https://www.ethereum.org/etherETH is SCAM!! There are zero technical reasons to use eth, and entire value is based on lies and deception. I truly wish everyone in eth to be tortured and removed from existence. - Every crypto professional tough Only 20million eth is mined. Rest was piremined = SCAM |
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WADDAFUQ?! How are ethers created?
The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:
60 million ether created to contributors of the presale
12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) This is straight from the eth faq. 72 million eth is premined. %78 of the total circulating supply. How the fuck people can still invest in this premined scam? How the fuck coinmarketcap list ether #2 coin while 78% of its supply is premined? Don't believe me? See it yourself: https://www.ethereum.org/etherETH is SCAM!!There are zero technical reasons to use eth, and entire value is based on lies and deception. I truly wish everyone in eth to be tortured and removed from existence. - Every crypto professional tough |
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WADDAFUQ?! How are ethers created?
The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:
60 million ether created to contributors of the presale
12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) This is straight from the eth faq. 72 million eth is premined. %78 of the total circulating supply. How the fuck people can still invest in this premined scam? How the fuck coinmarketcap list ether #2 coin while 78% of its supply is premined? Don't believe me? See it yourself: https://www.ethereum.org/etherAnybody cares to explain? |
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WADDAFUQ?! How are ethers created?
The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly:
60 million ether created to contributors of the presale
12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation
5 ethers are created every block (roughly 15-17 seconds) to the miner of the block
2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) This is straight from the eth faq. 72 million eth is premined. %78 of the total circulating supply. How the fuck people can still invest in this premined scam? How the fuck coinmarketcap list ether #2 coin while 78% of its supply is premined? Don't believe me? See it yourself: https://www.ethereum.org/etherETH is SCAM!! |
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I can't understand the innovation to the coin. What sets it apart, or is it just another clone? I read a few recent posts and it sounds like people are hyping a wallet release in hopes that it gets launched on bittrex for a p&d.
If you can't understand it, you don't understand blockchain, crypto or you didnt read the ANN page. If it is one the most: its unique and more then anything: not a clone!! I asked how's the distribution handled, nobody cared. Pff. Another premined shitcoin to make its devs rich it seems. I'll pass. |
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How does this PoS actually work? How do i make bytes? How is the distribution?
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You don't get it. If bitcoin loses its position as the most trusted coin, it will a crypto circus. Nobody will take any crypto seriously again.
If you think ETH is threatening BTS as "the most trusted" then you don't know whats going on.. ETH is NOT immutible.. ETH is NOT decentralized.. ETH is NOT capped.. ETH is NOT secure (no matter how much hash it has).. lolz.. BTC to $5k when ETH pops.. I know how shit eth is, but nobody seems to care. They all buy it anyway. I never invested in eth, never ever. But there are facts, eth is about to surpass bitcoin. You can't ignore that. |
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As soon as banks get bored of eth, they will replace it with something else. Bitcoin will keep its place forever. Bitcoin is here since 2009. Eth became famous in last month and it is going to lose its fame even faster than this.
Eth is a bank coin created for Banks. Bitcoin is against banks.
If you want to stay as a slave, go fund eth/jp morgan with your hard earned money.
perfectly said mate, bitcoin is there for almost 10 years now and the popularity already been build so eth is in his prime but after another coin got introduce people attention will be attracted and support new project and eth will be forgotten but bitcoin will still there and will still be use for more crypto people. And the steam engine was there for so many years, nothing could replace that... Oh yes! You guys are funny and without a pint of imagination. Lmao! Because why will people keeps glorifying a coin if it cannot address certain issues. I love bitcoin just like the steam engine but if someone comes along and presents something better then we gotta have to adopt. I'll laugh at you when your ethereums dropped to 9$ after a better version of ethereum gets introduced. Yes, let's pump another coin to #1 every month. Crypto will become a joke. |
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As soon as banks get bored of eth, they will replace it with something else. Bitcoin will keep its place forever. Bitcoin is here since 2009. Eth became famous in last month and it is going to lose its fame even faster than this.
Eth is a bank coin created for Banks. Bitcoin is against banks.
If you want to stay as a slave, go fund eth/jp morgan with your hard earned money.
perfectly said mate, bitcoin is there for almost 10 years now and the popularity already been build so eth is in his prime but after another coin got introduce people attention will be attracted and support new project and eth will be forgotten but bitcoin will still there and will still be use for more crypto people. And the steam engine was there for so many years, nothing could replace that... Oh yes! You guys are funny and without a pint of imagination. You don't get it. If bitcoin loses its position as the most trusted coin, it will a crypto circus. Nobody will take any crypto seriously again. People invest in bitcoin for long term gains. If they see that their online-gold can fail so easily once, nobody will make long term investments in any crypto ever again. Everything will become a pump and dump freak show. |
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As soon as banks get bored of eth, they will replace it with something else. Bitcoin will keep its place forever. Bitcoin is here since 2009. Eth became famous in last month and it is going to lose its fame even faster than this.
Eth is a bank coin created for Banks. Bitcoin is against banks.
If you want to stay as a slave, go fund eth/jp morgan with your hard earned money.
perfectly said mate, bitcoin is there for almost 10 years now and the popularity already been build so eth is in his prime but after another coin got introduce people attention will be attracted and support new project and eth will be forgotten but bitcoin will still there and will still be use for more crypto people. I don't like ETH but Bitcoin has its own problems and if those problems dont get solved, eth or something else new will be the new bitcoin. sadly. People only care about the money, nobody gives a shit about its tech. Microsoft and JMP said "buy eth!" and everybody is buying like brainless zombies. People can mine eth in their homes, they can make money easily. Why would anyone care for bitcoin? I don't like eth but i understand people why they buy/mine it. It is easy, bitcoin isn't profitable anymore. |
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RSK offers a much better smart contract solution than Vitaliks version and they will eat a lot of market share from ETH.
ETH will never be number 1, nothing can compete with Bitcoins Blockchain.
I can't find much information about RSK. Is there an announcement thread in the forum? I fail to find it too. It is not on coinmarketcap means it is not available now, when will it? |
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As soon as banks get bored of eth, they will replace it with something else. Bitcoin will keep its place forever. Bitcoin is here since 2009. Eth became famous in last month and it is going to lose its fame even faster than this.
Eth is a bank coin created for Banks. Bitcoin is against banks.
If you want to stay as a slave, go fund eth/jp morgan with your hard earned money.
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Is this thread got old already?  Nobody is cheering up for 1900$ omg! |
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So its infinity like fiat currency a victim of inflation. If so why the value high like $300 each?
Enemies of bitcoin are pumping it to teach bitcoin a lesson. Sadly though, bitcoin community is making their jobs a lot easier. |
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I like Norway with its people who are very calmed down. They are nice and kind.
Norway is too much cold and snow. People are nice and kind but they still don't like outsiders. |
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I visited following site: https://coinmarketcap.com/currencies/ethereum/but don't see total supply for Ethereum. Im guessing it is 40-50 million correct? Or how is it possible for Ether to reach nearly $300 each with inflation problem? There isn't any. ETH is not (won't be) different than a FIAT currency with a %1/year interest rate. |
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So if I get this correct this is essentially free money. Like a form of spin off or dividend in a tradional stock sense. If so why aren't more people participating? What is the catch?
How many more distributuions will there be? Are they always the same amount? What does the distribution graph look like?
There isn't much people aware of the distribution while every day another shitcoin makes an announcement and those who know it don't spread the word intentionally because it will create more sell pressure on the coin and nobody wants that. |
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