Honestly it's quite hard to learn from others mistakes, everyone always thinks, not me, that won't happen to me.

Most people learn from experience.

I've used my experience to better myself and make better decisions, so far it's paying off.

You mean expensive right? I'm holding out until ETH is back to $1.00.

I reckon it'll happen before the end of November.

Don't invest because of this!

The smart contracts on Ethereum will eventually have the ability to be funded by any on chain token.

So someone else might put a token ontop of Ethereum, let's say a two way Bitcoin peg, and then you'll be able to pay for "Gas" with that.

So it will be possible to use Ethereum and contracts without ever using Ether (ETH).

Is Komodo competing with Zcash? Does it need a trusted setup?

That's funny my nodes have been running fine.


Trying being the operative word. Most people are not experiencing any issues.


Of course it is. I've been using it with no problems, it's a really good crypto.


So much FUD. My wallet last synced 12 seconds ago.

metropolia, you're FUDing too hard. Maybe get some sleep.

To be fair any blockchain can be edited, also it's not like the fork stole the funds from the hackers addresses.

Yes they edited history, but only the DAO contract. The DAO contract had a time limit on withdrawing funds so that the hacker never actually got any funds to their addresses.

I am quite sure that if the DAO had paid out immediately to the hackers address, nothing could be done as it would have been too late.

---

Although to a certain degree I believe the fork to be a disaster as ETC is currently worth more than the DAO hack.

This means that ETH has actually lost more market cap as a result of the fork than the hack cost.

I argue that the needs of the many outweigh the few and the hack should have not been forked as it has damaged Ethereum's reputation and allowed ETC to exist to the tune of $100mm.

And I really don't like the Ethereum developers talking about the innocent DAO investors, seriously that is a load of rubbish.

No one investing in a experimental program/contract (DAO) on top of an experimental platform (Ethereum) in an experimental space (CryptoCurrency) is innocent and should expect a bail out when things go wrong.

Everyone one here is here for the 10 - 10000 times returns on their gamble. That applies to BTC, ETH, ETC, XMR, etc...

None of the people that invested in the DAO are innocent cautious investors and I think that it's a damn shame that they took this path.

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But with that said, I still stand by the current version of Ethereum because that is where the people have moved onto and to many outside, the fork was the mature thing to do, and that has lended a lot of credibility to the Ethereum Foundation and miners.

Yes it was wrong and selfish, but ETC just doesn't have any backing or support at this point in time and all developments are moving ahead on ETH.

When the fork happened it had 85% support, that says something.

ETC probably doesn't have a future.

This is the big question with Bitcoin once the coinbase runs out, the idea is that there is enough incentive with fees for miners to continue.

Because if the miners do not continue, then you have a lot of hash power sitting around ready for a 51% attack.

If there are no more incentives for miners, the market will create an incentive, which will be double spends against exchanges.

Once one exchange gets hit with a loss from a double spend then good bye coin, it'll likely never be listed again.

Actually neither are the original.

Ethereum has forked more than once and will fork many times more, this was even apart of their roadmap.

Forks are needed to be cutting edge.

Of course the DAO hack fork was not a technical fork but rather an ideological fork that many people had an issue with.

I have no issue people investing in ETC, however I am worried that the thief spread a lot of ETH fud to keep ETC value high for their exit.

I believe the thief is still paying people off till this day to discredit all of the Ethereum team and foundation to get as many suckers in before they finally fully cash out.

Disclaimer: I do not hold ETC.

Both are real blockchains.

For acceptance have a look at the difference in market caps between Ethereum Classic and Ethereum.

https://coinmarketcap.com/

That doesn't tell the whole story as all coins are being manipulated but at least it gives you an idea.

Research and decide what one or both to invest in. (or none!)

One way of looking at it, buy the same amount of coins in both meaning that you have a whole slice of the Ethereum pie.

In short, a whole lot of FUD.

I hope your withdraw validation level is above $2,000!

The blockchain never stopped.

My Ethereum node has been working non-stop and the blocks keep rolling.

I know that we're under "attack" however all I see are slightly longer block times.

This is all mostly FUD, I'm sending and receiving Ether with no problems.

Wrong, please stop spreading misinformation.

The current market cap is about $177,000,000 vs $1,080,000,000 for ETH.

Even if Synereo were to grow as large as Ethereum your return will be about 6.1 times, not 100.

Prices of individual coins means nothing.

I'm still buying AMP as I expect it to hit at least $500,000,000 over the next 36 months which even being very conservative is a good return.

You put the wrong link in there.

What is so bad about another platform trying something new?

Are you against Ethereum because of the smart contracts/technology or because of the way the project has been handled?

I hold ETH and AMP so I am enjoying the competition but this article is dumb. Ethereum exists and Synereo does not.

The Synereo community needs to learn some humility.

These articles are pumping garbage. Let AMP stand on it's own once it's out the door.

How on earth can you compare a live production system and a non-existent system?

Why are smart contracts dumb?

Depends, if the coin is sound and adoption actually increased then the price should remain above what it was before.

A pump can actually raise awareness and spur development in it's ecosystem. If 2 times the people now own Monero, there is more chance of market places, etc... being built around it.

I've seen two types of pumps and I have been here for ages.

(Y is generally around 10 to 40)

Pump A: price starts out at X and increases to Y times X. The crash comes (it always does) and the final prices rests around 2-5X.

Pump B: price starts out at X and increases to Y times X. The crash comes (it always does) and the final prices rests around 0-1X.

Bitcoin is A and in fact I've seen it with Bitcoin multiple times.

Scamcoins that have no actual merit are B.

The reason is that people bought B knowing it was a scamcoin and that there will be an inevitable pump, as large holders will always try to manipulate. Once the pump happens and people start their exists many people ask themselves, where is this company/coin heading? Does it have actual technical promise? Is there a genuine active dev team?

With scamcoins once they are out that is it, no developers and no real adoption. Coin is dead and anyone left holding is out of pocket (remember kids, only invest what you can afford to lose).

Now coins with fundamentals and active development around sound technology can be manipulated, sure, but once they increase more people see that the coin actually has a place in this new world. More people hold on after the crash and this is the important distinction, that their are more people holding afterwards than before.

So even though it was a pump, the pump actually helps to increase adoption and the coin can then hold value.

I am not saying Monero is A or B. I am just presenting my view on the situation and where the price could lead.

If Monero did go back to the prices before the pump it shows that perhaps adoption has not increased at all, which will be a shame.

The question then is where will anon take place in the future? Zcash? Mimblewimble? Bitcoin with Mimblewimble sidechains? Mixing contracts on ETH?

Who know, maybe a good idea to diversify.

I really do believe in Monero only because of the development team and their dedication to the project.

I respect them and believe that Monero already does full anon. I believe that with the coming GUI wallets things will look better.

I am happy if the Monero market cap stays around $80-100mm for now, it's a good position to be in and hopefully will spur legitimate uses.

Everything is manipulated, especially in Crypto.

Once you accept that manipulation is happening then you learn not to buy at the top of a green candle.

This space requires immense discipline.

You have to be able to see an asset increasing before your eyes and if you're not already in, stay out until the inevitable crash (or just stay out forever if the coin isn't sound.)

Here is the deal, you will always miss out on profits with that technique. But you'll also maintain your wealth too.

Time in the market is much more profitable that timing the market as long as the asset you're investing into is fundamentally sound.

Time in the market = buy and hold.

Timing the market = day trading.

If you have reason to believe in Monero then put X% of your investment portfolio into it.

Don't try day trading.

Imagine all of the people that bought into Bitcoin at it's first peak at $32 and then it crashed to below $5.

If they had held today they would have a 20X increase, but that would require time in the market, not timing the market.

I would advise against putting 100% of your portfolio into anything, even Bitcoin or property.

Consider that the best way to make money is to avoid scam coins and hold a personal fund that is an amalgamation of various coins that show promise.

As an example, my portfolio currently consists of BTC, ETH, XMR, AMP.