Hello ALL,
I am selling Uber & Uber Eats gift cards.
I have around 30 x $25 now. $15 each.
Accept major crypto.
Skype: YSLORZ
How do you obtain these? Why is the only person that vouched for your service a newbie who bought from you without any prior contact on this thread? Fresh account doesnt mean scamming, I have done 5+ transactions with this thread but no one leaves me a comment. But yea I might look for vouch with high rep member soon. No worries, I'm not trying to accuse you right off the bat, I just had those questions because a lot of new sellers around here seem to be making new accounts and repping themselves with those accounts. You never answered though, where do you get these cards from? I'm genuinely interested. Might be interested in buying some too. |
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I and my friend encountered this situation and I am sure many others would have too. Scammers contact the crypto users on telegram. They get your ID from crypto related telegram channels and then ask you for a help. The scammer tells you that he is not able to withdraw coins from an exchange and asks you help him by signing up on the exchange and withdrawing coins from there to the scammers address. In return they give you a few amount of bitcoins. The scammers website asks you to deposit at least 0.01btc before you can withdraw any coins. People fall for this trap and hence get scammed. Few of such sites built by the scammers: westcrypt.info , monocrypt.info , cryptoelips.com , westerncrypt.com Find the discussion from various other people here: https://forums.digitalpoint.com/threads/new-scam-site-danger.2842061/Be aware guys. Do not fall for such traps. Scammers are proliferant when it comes to Bitcoin, and this type of scam doesn't surprise me at all. People need to understand that they should NEVER give out money stupidly because there's no way to get it back. Maybe we should try to get some announcements up on this forum? It seems as though cases like these keep coming up from time to time, be it on the digital goods section here or on other sites / through direct contact. It's probably worthwhile enough to add a warning or banner somewhere in plain sight on btctalk. If there was no one to scam, there wouldn't me scammers around. If we educate as many people as possible, we could make a much safer community around BTC. |
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I mean, I expected it to become an every-day currency for the things I did, and to an extent it worked well for that (buying/selling goods and services online, on steam, etc.). However, for the general public, I doubt it would work out. I agree that there will always be something about BTC that retailers will find to deny working with it.
It's absolutely superb for retailers - no chargebacks, permanent settlement within an hour or so and can be accepted worldwide. It's consumers who have no incentive to use it at all. Retailers would have to heavily discount to entice non believers and the margins aren't there in most areas. Interesting. I see your point, but I was considering the case in which retailers have to deal with customer returns on the daily. For example, Amazon. It's nowhere near their interest to use Bitcoin in my opinion because they'll need to deal with returns as well as selling small items. When it comes to small items, the profits can be so tiny that even the fluctuations in BTC can end up being a devastating loss for them in the long run. When profit margins are so small, isn't there a caution to be taken with accepting Bitcoin? I might be looking at too much of a narrow subset of retailers, but in general, when companies deal with returns, it's in their best interest in giving the customer a reason to come back to shop with them again. In this case, if a retailer takes the motto of "the customer is always right," then I could see a decent amount of people trying to exploit this for their own good, using the fluctuations in prices of BTC to their advantage. I do see the issues that customers would have with it, but in general, I don't think customers worry about larger retailers and stores scamming them of their money -- that only really happens with smaller one-to-one exchanges. Again, I may be thinking of a completely different scenario, so thanks for bringing your point to light for clarity again! |
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Hello ALL,
I am selling Uber & Uber Eats gift cards.
I have around 30 x $25 now. $15 each.
Accept major crypto.
Skype: YSLORZ
How do you obtain these? Why is the only person that vouched for your service a newbie who bought from you without any prior contact on this thread? |
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For some of us that has been speculating that bitcoin is going to pull back to $3,000 and $1500 I don't think the current stability is going to allow that to come to pass and for those that said bitcoin is to moon, maybe above $20,000 the stability is still not going to allow that to happen. However, if bitcoin price is not stable within a range there is not going to be adoptions buy retail and wholesale business. Stability of price is what will help bitcoin become acceptable.
If you think Bitcoin is ever at a stable price, you're in for a surprise. Take a look at the stock market. In comparison to Bitcoin's growth and falls, the stock market is as sturdy as a rock even through a majority of the recent gains and drops. I think retailers and wholesalers are smart. They understand that Bitcoin will never be truly stable, and that's why they're nervous about getting into it. Most people who accept Bitcoin are probably individual's self-made businesses. In other words, we're far from our ideal picture where Bitcoin functions as currency.
Does anyone honestly expect it to become an everyday currency? I never have. I expect merchant options to continue contracting until options are possibly narrower than they were in 2014/15. If it isn't current boredom now it was the incredibly high fees and network cloggage when things were hotter that turned customers and merchants off. If Bitcoin ever becomes vast and vastly more stable then perhaps its use for payments will start to increase. Until then it's going to be an extremely variable sideshow. I mean, I expected it to become an every-day currency for the things I did, and to an extent it worked well for that (buying/selling goods and services online, on steam, etc.). However, for the general public, I doubt it would work out. I agree that there will always be something about BTC that retailers will find to deny working with it. |
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M-Pesa has nothing to do with cryptos and bitcoin, and the whole " Countries in Africa adopting cryptos" is such an overhyped theme people are getting bored of it. It's been years since everybody was claiming each damn 3 world country be it from Asia or Africa, from Philipinne to Zimbabwe, Kenya to Vietnam will bring the new revolution and when articles like this came out some are still surprised about how reality, not hype works. For god's sake, there are countries there where the illiteracy rate is above 60%!!! , we should talk about adopting an ABC not BTC. As much as I find the last statement you make here pretty crude, it's in a sense true. Niger itself has a 19.1% literacy rate. 1 in 5 people are considered literate. I wouldn't be surprised if this is tied to the fact that the country is not as urban as it can be -- there might be a lot of people living in villages. If that's the case (that many countries have a lot of village life), how can we expect them to grasp the concept of BTC? Urbanization takes time, and it's likely that there are some villages that don't use any technology and use food and grain as currency instead. Maybe some of the more urban areas in Africa could adopt crypto, but I don't think it's the best place crypto could be housed at. |
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Each thing is a thing to itself. If you say btc will replace gold you are saying btc will replace all metals of value. It
Makes no sense. Will Bitcoin replace bonds cause btc can have a higher yield. Remember, some day btc is replacing tulips at the moment. Open your minds a bit more and realize btc is not the end all be all. I love it, and have quite a bit, but I also have a safe full of gold. They are two separate entities, at one point it was confiscated from the people of the us and was illegal to hold. Those of you who keep saying this make me think you are not diversified and it's not always a good idea so stop this stupid gold comparison
I agree that it's a silly comparison to make, but I think it's just the method that people use for comparisons because it makes sense to the average Joe. Without comparisons, it's very hard to get someone to understand what makes Bitcoin a good investment opportunity. Gold is a good way to explain Bitcoin to someone who won't understand the in depth nature of it. Why do you think news coverage called and continues to call Bitcoin "Digital Gold?" It all has to do with how easily they can catch the viewer's attention. They are different things though, but it's just the nature of media coverage. |
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The app seems very user friendly and I also liked the referral structure. Only 5%-10% of company's commission and not the user's. Even the company commission is 2%-8% which is very low compared to most other online miners which take up to 30%!! This will certainly enable users to earn much more. But yes, personally I think it is a waste of time. There are far better ways to earn than burning your graphics card, electricity and have lower PC performance. If someone has cheap resources then they can surely go for it.
See, the issue here is that if they're taking such a low cut and the users are making so little money, how are they going to sustain themselves? A few ideas I have are that: - Maybe they really don't have a lot of employees / things that need money over time. This would mean that they get to spend less on themselves, resulting in pretty much pure profit
- Their service will not often be worked on. Now that they have the proof of concept, they'll keep using it as they do until people get tired of it, at which point they'll somehow bring some interest back with an update of sorts.
- They just go out of business because their business model does not bring in enough income nor generate enough curiosity
As much as the idea is cool, I see the general consensus is that Honeyminer is a waste of time and resources for most people involved. Someone earlier in the thread mentioned just using a node.js coin to mine a shitcoin, and honestly, that might be better than this as far as I know. |
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After reading a lot of posts made by people on this forum, I realized about 75% of them see Bitcoin as a digital Gold. For me, I don't think Bitcoin is a digital gold. Cryptocurrency or Bitcoin to be precise, was developed to be a safer option for transaction of goods and services and also the best mode of payment. Bitcoin was introduced to disable all the restrictions that banks and the financial system presented. A lot of people have lost huge sums of money because they saw bitcoin as a digital gold. I know others will argue that bitcoin has also made people rich but for me, I don't think it is advisable to consider Bitcoin as a digital gold. Bitcoin is a digital currency.
I think neither you nor the 75% of people who believe Bitcoin is digital gold are wrong. In fact, Bitcoin is simply so much more versatile than what most people have ever seen, making it very hard to place in perspective for a lot of people. The general public likes to think of Bitcoin as digital gold because they find both similar in the sense of the concept of backing. Gold has been backed over years because of its rarity. Similarly, Bitcoin is backed by people who believe it has value. For users like me and you who know more than average about BTC and maybe use these forums to trade for example, it can be considered a digital currency. I've used Bitcoin instead of USD for transactions on this forum and others because it's easier and it's anonymous. For a developer, for example, the idea may be different again. He/she might just see cryptocurrency as a means to develop blockchain technology for future use cases. Do you see my point? Bitcoin is very diverse -- nothing like what people have seen before. The general public will define it by what the media dumbs down for them, while each other specialized group can find their own meaning in BTC. That's what I mean when I call Bitcoin versatile. |
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Seems very user-friendly and, as stated on the site, 'makes mining and earning money simple for anyone with a computer.'. Might not be extremely profitable, but the way this piece of software is positioned it may make people look into crypto more. It's definitely not the greatest for dedicated graphics like Raja said ($0.79/day with a 1070 vs $1.12 before elec on Nicehash), but it's simple and easy to run. I do like that they state in their FAQ that this miner isn't the greatest for experienced miners and that they'll be releasing a Pro version soon; I'll be watching out for that.
Yup, this is what a lot of people have said not just here but also on many reviews. The profit rate isn't really high, but it's meant to be an introduction to mining -- a way for people to realize that there is money to be made by utilizing computer parts they don't always use. Although, the fact of the matter is that I don't even think this covers enough to justify the electricity usage. Looks like nicehash or minergate, easy to use. It has level thing and you can get reward if you level up (i'm on lv 3 but i just received 1 satoshi reward each level, lol). There's no option to mine another coin for now and usually mine xmr. Software have clean and good UI.
The UI is really attractive. I think the rewards for level up are just incentive to stay on the site. If you think about the amount you get, it's practically negligible. Even though it's meant to be incentive, it makes me wonder why people would stick around and use this even though there's such a low amount of profit here. Seems interesting, I've given it a try and this is how I'd like to review it: 1. Interface looks similar to NiceHash desktop miner which I used in 2015 (it used to be one-click application, I'm not sure if they still have it as they've mostly switched to GPU-only mining applications), except for few fancy graphics upon first-time opening. 2. No threat detected by my Windows Defender. 3. Not very much optimized for high-end GPUs (I tried it with my RX 480/470). 4. Working on my low-end laptop. 5. Good for mining mass-adoption.  I'm curious, how did it work on your low-end laptop? Around what was your profit? It's nice to see it wasn't a security threat and that it was pretty easy to use. |
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https://honeyminer.com/I've recently seen more mentions of Honeyminer on my news article feeds and had the chance to quickly glance over what they do. Essentially, they're a way for people with just about any electronic device mine at a low hash rate while earning money for what they're doing. The company makes money by taking cuts, so I think they have a decent platform for themselves, but the average user makes very little money. There was a recent interview mentioned here: https://bitcoinist.com/honeyminer-brings-user-friendly-crypto-mining-to-the-masses-interview/Seems like the company overall is very supportive of crypto. Their official stance is bullish and they also convert all mined coins over to Bitcoin because that's the coin they see the most promise in. As much as I want to like the company for these stances, something (the low profits) makes me feel like they aren't much more than a sham. What are your guys' opinions on the product and company?
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Considering the vast improvement and advancement we are experiencing and doing right now, anything and many things are possible to happen or to exist and manifest. Technology and science brought upon a big change in our world including all disciplines and all sorts of livelihood. Through this information, are we really ought to materialize the impossible? Can our modern society be able to create something unimaginable?
The impossible is called the impossible for a reason. Technology has a pretty far reach right now, but I feel like there will always be something out of reach. If there wasn't anything to chase after to create, I feel like a lot of people would lose interest in creating more things. It's hard to motivate yourself when there's no real end product to reach. People keep striving to make the impossible because they want to. If the impossible was already created, there wouldn't be as much of a push to create more. |
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If you want to diversify, you must choose non-correlated assets. Non-correlated coins do exist. Just look at the article's 2017 chart. BCH was not correlated with BTC, so diversifying into BCH was a good choice. This year, however, you will need to find other coins.
i disagree. altcoins in the long run, they all act the same meaning they go down whenever bitcoin is active. and BCH has not been an exception to this rule either. the difference is that BCH has been new, controversial and advertised to death in the short time it existed so it might have acted a little differently from other altcoins. but for instance when bitcoin drop began in December, BCH drop also started with a little delay since it was on a pumping spree with also a delay but the drop happened with the same process. of course in short term (less than a couple of days) there is always exceptions because pumps happen. Even more recently, with the bitcoin rises, not all the altcoins were jumping along as well. There's definitely a difference between the coins, but I think there's some truth to the statement that "the movement of bitcoin often influences the movement of altcoins as well." To back this up, there isn't really much more to look at than graphs. Take a look at coinmarketcap ( https://coinmarketcap.com/). You'll notice that a lot of the trends are pretty much the same as Bitcoin, aside from a select handful. Taking a look back at the extreme bullish run and the aftermath in December 2017, you'll notice there's pretty much the same trend. I'm not sure if you can group all altcoins together. I agree that they're all competing against Bitcoin, but they're also competing amongst themselves for the most support from the community. |
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Facebook shares price fell -24% and $180 billion got wiped out of facebook market value. Bitcoin market capitalization is some $180 billion. Bitcoin is not that big.
I don't think OP is mentioning the size of the Internet vs the size of Bitcoin. I think he/she is focusing on the technology it's based on. I agree that it's a pretty thin comparison to be making, but I think there's some truth to it. In particular, the protocols that are open to the public is a decent connection. The only issue I really have with this is that it's a little too vague. You can say the same thing about numerous services on the web. Alongside that, I think Bitcoin has a while to grow before it's at a spot of comparison to the Internet at all. Might be better to connect Bitcoin to Gold in terms of a holding/asset. |
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I do not think it is necessary, in my country is very much tax, almost all fields in taxes. I am not an anti-tax person, always paying taxes. but if for all things in taxes, this will incriminate the poor who want to grow rich, they will be difficult to move forward.
This is the reason why (at least in my country) tax brackets exist. They allow the government to place people into groups and tax based on whether or not they can live off of what they're making, and then one step further, tax based on how well they're living. Taxing Bitcoin in a manner similar to tax brackets, I think, would be foolish. Here's why: 1) Bitcoin is fairly unknown. The fewer people know about it, they fewer investors there are. As of March 2018, under 10% of US citizens were invested in cryptocurrencies. Compare that to the ~50% of Americans invested in the stock market, and there's a clear difference between crypto and stocks. ( https://www.cnbc.com/2018/03/16/why-just-8-percent-of-americans-are-invested-in-cryptocurrencies-.html) ( https://money.cnn.com/2017/08/08/investing/stock-ownership-dow-record-trump/index.html) 2) The people who do know about Bitcoin are likely in the mid/upper classes, meaning they would have to pay pretty hefty tax on their gains. Rather than that, they would probably be more interested in investing in a slower gain over time, aka the stock market. Taxing based on bracket could potentially work out, but I think it'll steer a lot of the already small number of people investing/using crypto. |
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Watching the markets closely and I find it interesting that while BTC has been trending up slightly over the past week, the majority of other alts are down or just wavering...could this be why BTC is trending up? Everyone is focusing on that? I thought it was interesting as normally we see everything move in tandem together but this time I'm not sure whether to invest in any alts given they seem to be going their own way...
There is also a lot of alts that is good for investment. At the moment bitcoin is good for a short investment. Why? Because the price is not stable, it decreasing at any moment then after that it increases. I'm not sure if this is the true reason why BTC is holding its own trend. I'd argue that the prices of alts is even less stable than Bitcoin for the most part, so if that's the reason people are investing in Bitcoin, then they should also be putting their money into altcoins as well since there's chances of a higher profit margin there. I don't disagree that Bitcoin is good for a short investment, but I think there's countless alts that are also good for short investment. The reason for Bitcoin holding its own personally has to do with the coverage its been getting and the positive following it's raised. Think about it -- Bitcoin dropped a pretty good amount. The naysayers expected it to fall to pretty much nothing. Instead, it held at around 6-7k for a while, then jumped to 8k and here we are. There's a positive message there, and it's that there's still support for Bitcoin -- even in large amounts to raise the price by a double digit % overnight. |
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I'm with you. I see Bitcoin rocketing off to new highs this year. I don't even think there needs to be huge news at this point. The bear market went to far. I think it was largely overdone. When this thing pops its going to pop hard.
New highs seems like a bit of a stretch. There's support for bitcoin, but I don't know if there's that much support. There's a recent article that was put out by Coindesk titled "Gallup Poll: 75% of US Investors Think Bitcoin Is 'Very Risky'" ( https://www.coindesk.com/gallup-poll-75-of-us-investors-think-bitcoin-is-very-risky/) The ties to the riskiness is what is making bitcoin a scary investment for a lot of people. Less than a third even knew anything about crypto, so there's a possibility that lack of knowledge is a big player in this game too. There's a lot of interesting statistics in that article. I suggest reading it through and scoping out the general interest as a means to make a price prediction. With this and a few other recent positive articles out, I'd say that there may be a bearish run, but I don't think there will be as strong of a run as we saw the first time around. |
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What are the odds that we are really heading towards another financial crisis?
We have every indication to believe that after a 10 year bull run on the stock market, it is time for a collapse. Also due to the fact that this has been a phony recovery enabled mainly through government bailouts, massive depths and money printing we have never seen in history before.
A new financial crisis is likely the result.
I have every reason to believe this and feel the crisis in 2008 was only a light taste for what is coming. This time many governments will not be able to save the failing businesses or banks due to their massive depths.
It is just a logical result after years of quantitative easing (money printing) in combination with creating record high depths that we have never seen before, especially in the US but also many other countries.
Do also some research on the Great Depression and you will find striking similarities to where we are now. Artificially low interest rates for years, inflated stock market and a recently started trade
Financial institutions are aware of these risk and look for alternative asset classes in case the stock market collapses and we head into a bear market and financial collapse.
What are your thoughts on this?
No one actually knows when a recession will start. People have opinions based on past performance and personal experience. The problem is that past performance is worthless in today’s world. High oil prices could return once U.S. shale producers are forced out of business. Millions of jobs were lost when oil prices plummeted. At the same time, many consumers bought new cars and SUVs when gas prices were low. They will be pinched when prices rise again. The U.S. economy had been living on borrowed money for a long time. The financial crisis scared businesses and families. That's why growth in this recovery is slower than in prior ones. |
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Trickle down economics is something Rich people say so sheep support stupid policies that make the rich richer.
Trickle-down economics assumes investors, savers, and company owners are the real drivers of growth. It promises they’ll use any extra cash from tax cuts to expand businesses. Investors will buy more companies or stocks. Banks will increase lending. Owners will invest in their operations and hire workers. All of this expansion will trickle down to workers. They will spend their wages to drive demand and economic growth. Trickle-down theory is more specific. It says targeted tax cuts work better than general ones. It advocates cuts to corporations, capital gains, and savings taxes. It doesn't promote across-the-board tax cuts. Instead, the tax cuts go to the wealthy. |
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Ethereum, the second-largest cryptocurrency platform in the world, has seen its currency plummet 36% this year. But some major crypto investors think it has more room to fall, and they're betting aggressively against it.
New York-based Tetras Capital, a crypto hedge fund that launched last summer and is known for in-depth analyses of cryptocurrency prices, has shorted ether, borrowing the coins and hoping they tank so it can buy them back at a lower price. Tetras started shorting ether in May 2018, when the price ranged from $572 to $659. Ether currently hovers around $470.Last week, Tetras published a 41-page report explaining its reasoning. Forbes estimates the six-person hedge fund has $30 million in assets under management. The ether short is one of its two high-conviction positions—the other is its bitcoin investment, says founding partner Alex Sunnarborg. Timothy Young, a former entrepreneur who sold tech startup Socialcast for more than $100 million in 2011, is shorting ether through his San Francisco family office, Hidden Hand Capital. Hidden Hand has more than $100 million in crypto assets under management. And Bay Area hedge fund Neural Capital also has a short position, according to a person familiar with the matter.Ethereum aims to be a global computing platform, but investors like Tetras and Hidden Hand are concerned that its $48 billion market cap isn’t justified, largely because the network can only handle about 15 transactions per second. By contrast, Visa can handle 24,000 transactions per second. “Ethereum has an incredible talent pool of developers,” Young says. “In the long term, I think they’ll solve a lot of scaling challenges. But in the short term, there’s a disconnect between the price and underlying technology.” Sunnarborg agrees, saying, “Just because something is a good idea doesn’t mean it’s a good investment.” Ethereum isn’t controlled by a single company, and decentralized applications (DApps) run on top of it. None of these apps have more than 5,000 daily active users, yet the network is nearly at full capacity. Network congestion can cause the fees required to use the platform to skyrocket.For example, to perform a simple step in the Ethereum-based game CryptoKitties, where users can create digital memorabilia, it might cost $3. Those costs rose higher than $20 at the end of 2017. “An application call can be roughly 1 million times as expensive on Ethereum as compared to a centralized service like AWS [Amazon Web Services],” Tetras wrote in its report.Ethereum developers are working on several solutions to improve network capacity. The Tetras team thinks significant improvements are too far off. “The most optimistic estimates suggest that Ethereum’s Layer-2 and other broad scaling solutions will not be fully functional, tested, or capable of supporting the most popular DApps for roughly another two years,” Tetras’ report reads. Jake Brukhman, founder of Brooklyn-based crypto asset manager CoinFund, disagrees. He has been holding ether since July 2015, and the asset has historically made up between 20% and 42% of his firm’s first fund. Among Ethereum's nearer-term scaling solutions like “state channels,” which allow transactions to happen more quickly, off the Ethereum blockchain, “a ton of improvements are coming to market this year,” Brukhman says. “As a blockchain technology, Ethereum still remains the largest ecosystem of technologies, tools and developers.”
Some data suggests that few investors are closely monitoring Ethereum’s technological progress. Casper and Plasma are two technical updates that will help speed up Ethereum transactions. “Casper and Plasma publish their meetings, and they still have less than a few hundred views on YouTube,” Young says. “I don't think most people are either taking the time or have the technical background to really understand.”Other big-name investors are on the fence about ether. Kyle Samani, managing partner at Multicoin Capital, says he’s “seriously considering” shorting it, but is already betting against ripple and litecoin and isn’t ready to add more short exposure. Longtime crypto investor and CoinShares chief strategy officer Meltem Demirors is “neutral” on ether. “We are nowhere near a bear market yet,” she says, although she thinks demand for Ethereum-based tokens and applications is largely speculative. “In the absence of more Enterprise Ethereum Alliance announcements in 2018, I won’t look to add more exposure.” Tetras goes into many other reasons for its short in its report. Other well-funded Ethereum competitors like EOS, Dfinity and Tezos have recently come online or are planning to launch later this year. “EOS just raised $4 billion, and you can pay teams to build applications,” Sunnarborg says. “I don't think people with big bags [investments] are going to let that die.”
Tetras also thinks the ICO boom has driven ether’s price up, since many ICOs accepted only ether from interested investors. Those ICOs are at risk of a regulatory crackdown, “which will dry up most of ETH demand,” the report predicts.
Sunnarborg believes ether would need to become a better store-of-value asset to live up to its valuation. He sees bitcoin as the more likely winner as the top store-of-value crypto asset, due to “crucial characteristics, including: security, political and architectural centralization, monetary supply, regulation, and liquidity,” he says.What would it take for Tetras to change its mind and exit its short? “If Vitalik and Vlad came out tomorrow and said, ‘In our sleep we developed the perfect sharding [scaling] solution,’ we might change our view,” Sunnarborg says. Or if a regulatory ruling gave Ethereum a competitive advantage—for example, if other platforms like NEO or Dfinity were classified as securities—he would rethink the position. He doesn’t see the SEC’s recent statement that Ethereum isn’t a security as an indicator of a competitive advantage, because the ICOs that launched on top of Ethereum are still at risk of being deemed securities. https://www.forbes.com/sites/jeffkauflin/2018/07/25/why-major-cryptocurrency-investors-are-betting-heavily-against-ethereum/ .... Some interesting analysis and breakdowns on ethereum's platform. The majority of ethereum content posted on this forum is pro eth. There isn't much said on eth from the opposite perspective and so I hope people will not mind me sharing this. I tried to bold most of the relevent points but tbh the whole thing could be worth reading for anyone interested in these topics. It looks as if the majority of investors are shorting ethereum under the expectation that it is overvalued and overpriced. They could majority wise expect the price to decrease. Over the short term that could be the trend we'll see, especially if a majority of larger institutional investors have formed a consensus on this. Note how the quoted portions attempt to support their stance with facts and analysis. I think this attempt @ a rational overview is what was missing from the "bitcoin is a bubble" and "bitcoin is a tool for criminal and money launderers" hysteria which pervaded the media awhile ago. Could be something to consider in the days to come when media stories are aired without much if any attempt at verification. It makes sense why there is hesitance to use ETH rather than Bitcoin from investors. Ethereum is more centralized, more risky, loses more of peoples money, down more often, and always will be. Their blockchain is bloated. It grows faster than many users can download it. It’s very likely falling and other solutions will not “work” if you care about immutability/trustlessness. There’s nearly no demand for the Ethereum gas you’re supposed to buy to process transactions, because no one really uses it for computing, it’s just speculative platform utility. And the biggest reason why bitcoin is better than ethereum is that Ethereum will always have more consensus failures than bitcoin. It has a larger attack surface, and competing implementations. |
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