I am not expert but Ethereum classic will not replace Ethereum but will keep doing as asset on Ethereum protocol this is what I have my thought and stand on the current situation.
Of course, ETHC will replace ETHF. It's inevitable. ETHC is exactly the same tool but at much cheaper price. If you need fuel for your car and you can buy the same fuel at much cheaper price, what will you do? It's obvious. People that prefer ETHF to ETHC aren't interested in ethereum as fuel for smart contracts. They are pump and dump speculators or bagholders. |
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ETC ; +11.4% ETH ; - 4,5% FLIPPENING CONTINUES Will you be left behind with worthless ETH tokens?  I bought some ETH a few months ago at 0.01, now it is 0.038. So, you're going to hold it until it gets back at 0.01 again, right? |
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You guise are taking shiny baubles for Manhattan
Isn't Manhattan the shiniest among all baubles? |
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bitcoin is literally the most interesting market on the planet.
^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++ Why? What fundamentals have improved recently? The fundamentals of the fiat currencies you measure bitcoin price with are worse than ever. That is why the country that will lose the most urgently needs a war. |
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Meanwhile, medium term double top forming...
And what is that supposed to mean? I'll translate for you: I've sold my bitcoins for altcoin crap. I feel better if I'm a millionaire of... well, whatever. But bitcoin price is unwilling to drop and now I'm starting to panic. |
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For each dollar they issue 1 Tether. So we must trust that they are only issuing 1 tether for each USD deposited. We also need to trust the company won't go bankrupt for whatever reason. We must also trust that no agency/goverment will seize the funds of the bank accounts, again for whatever reason. We also need to trust that even if none of the previous happens, that no intermediary bank will reject the transfer when we request the USD value. Also, there's no interest paid on the deposit and, in the best possible scenario, we will be able to recover the exact devalued USD value.
I don't get it.
It's easy. It's just the same if you have your USD deposited in a bank. You need to trust the bank won't go bankrupt for whatever reason. You must also trust that no agency/government will seize the funds of your bank account, again for whatever reason. |
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afaik it has to hard fork for Metropolis first.
did i miss something? lol
You didn't. ETHF is the perpetual hard fork coin. Whatever Ethereum Foundation Central Bank decides. |
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Bitcoin Domination dominating the ALTs ...  ... that's not the trend for 2017 ... trend is BTC is the high-end chip, for institutional players. ALTs are going to be the fast money, moving TX, at street level. Pump and dump highly centralized tokens aren't suitable to be used as money at street level. |
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Tried to install the Ethereum Wallet yesterday.
Ethereum is described by Vitalik as a fuel. You need a fuel tank to store it, not wallet. |
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Ethereum Update 11th April 2017
Why are you copypasting one and the same crap everyday? |
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Why Ethereum price is dropping?
Ethereum price is not dropping. It stays above 0.002 bitcoin. It is just the price of Ethereum fork that is dropping both in bitcoins and dollars. |
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Bitcoin rises again as more alts crash.
There is honestly nowhere for bitcoin to go without scalability. Bitcoin is a currency, not money. Low scalability is counterintuitive to how a currency functions. A currency's value is entirely derived from flow not stock. Bitcoin does not have value as a settlement network because being a store of value is the main required trait of a settlement system and there are FAR SUPERIOR stores of value that exist like gold and silver. I think you're just pissed off that the price of bitcoin goes up while the price of gold and silver is stagnating. |
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So... back at $200 a 1000 btc order was a wall because it was worth $200k, but now, when it's worth $1.2m it's not a wall?
Going by this logic, 5 years ago, a 100 btc order was a wall, because it was worth $1000?
Makes sense...
It doesn't matter how much does it worth today. What does matter is what % of existing bitcoins does it represent. Definitely makes sense! |
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My sister told me to buy etherum.
Clever sister. Just make sure to buy the real stuff: ETH. Not the scammy shit. ETHF is the centralized fork. ETHC is the Ethereum from the beginning. Do you say that Vitalik has created a scammy shit from the beginning? |
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Even the other altcoins like ripple work on connecting ethereum, it is good news and innovations between ethereum and ripple, ethereum is the future of digital currency and sometime will become innovations in remittance business, for the detail visit the link, happy reading. Ripple working on connecting Ethereum with Ripple via ILP: #ripple #news https://t.co/uvVhmjnBz1One centralized coin connecting to another centralized coin. Future looks great! |
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Today, the LBC will have searched 2000 tn keys ( 4000 tn addresses). I will refrain from posting that on reddit.  Rico Excellent. Can you just post how much money have you made? |
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Now waiting for a dip down to 950$.
Thanks for the cheap coins. Now waiting for 1950$. |
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Venezuela..  I feel so bad for those folks there  Not sure if Venezuela will ever come back  Now in Venezuela. Soon in the US. |
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I read a bit about this project at lbc.cryptoguru.org and (addressing anybody and everybody who is doing this) I have a few questions:
They've found nothing. You're not allowed to ask such questions. If he sounds like a jerk he probably is a jerk. It's fun to watch how these jerks burn their money. Only interesting thing here is who is funding this "project"? |
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The distinction between money and currency is one that is blurry and arbitrary.
No. The distinction between money and currency is quite clear! Money is the monetary form itself. It is the "thing" we use as money. Its value doesn't depend on a single body or entity safeguarding its value. Currency is the certificate that certifies you have money kept in a storage somewhere else. It is a storage receipt payable to bearer on demand. The storage owner/keeper has to take care that all issued certificates are backed by adequate quantity of the "thing". In different countries and during different times this certificate was different. It had different properties, attributes, and requisites to avoid dishonest storage owners/keepers and counterfeiting. The latest reliable certificate with most current properties, attributes, and requisites was most widely used for transactions. Hence, the newly coined word "currency" describing current certificate in circulation. If we use LN we'll be using bitcoin not as money but as currency. Using currency instead of money is riskier but much cheaper. It is a trade-off. People will have a choice depending on their willingness to take small risk in exchange for much lower tx fees. And that is GOOD! Your are correct of course that there is a huge difference between something secured by a single body and something that is not subject to such counterparty risk but I would again note that your line in the sand here is somewhat arbitrary. What if you have an asset that is secured not by one body but two or five or 50? Is it money or currency? What we are dealing with here is a spectrum not an absolute. There was a time when pure copper bars based on their weight in copper was money in some countries. The more distributed your risk is and the less dependent on a single actor the more solid and safe your money/currency is provided it has solid fundamentals and limited supply. Copper as money failed due to eventual oversupply of the metal. Physical ownership of metal has a counterparty risk as well as does bitcoin. I don't understand what counterparty risk has to do with money/currency distinction? Counterpaty risk is the probability of not getting good or services you have paid for or not getting the money if you're the seller. If I hold a gold coin in my hand or I''m the only one that knows the private keys of a bitcoin address then there is no counterparty risk and I'm 100% confident that I received payment for goods or services I sold. It doesn't matter how many members one organization has - two or five or 50. You have to define what do you mean by "secured by"? I'm using "depends on". Doesn't depend on means if that organization of two or five or 50 members disappears this asset was and still is money if it still has value. If the value of this asset goes to zero then it was currency before losing its value as it was backed by a second asset that disappeared. The distinction is very clear. If something is backed by nothing and is used as money then it is money! Until 1971 the US dollar was currency. It was a certificate giving you the right to convert it into gold as it was pegged to gold. After gold window was closed the US dollar became money. Yes, that's right! If you present a 100 dollar bill to the Fed they will not redeem it as they don't have any obligation whatsoever. If Fed disappears the US dollar will still have value IF it is scarce and has limited supply! I'd even say that without Fed the value of US dollar will increase. |
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