ETH price soaring. Are you going to move some BTC into ETH?

[stoat]

Meanwhile smart contracts have just been demonstrated on the bitcoin block chain
https://bitcoincore.org/en/2016/02/26/zero-knowledge-contingent-payments-announcement/

relevant to eth or not?  

A complete non event is not relevant to ethereum.

Also rootstock is a joke.  Look at their business model.  When they published it there was great laughs and happiness in the ethereum subreddit and the price of ETH shot up 20%

[1714512415]

1714512415

[razen489]

Short term view, move ETH into BTC from the difference. 

at 0.02 BTC each, no kidding https://www.coingecko.com/en/price_charts/ethereum/btc

[mtnsaa]

Maybe moving some % of BTC into ETH is a good diversification strategy, while it's cheap?

Well, if I were you a month ago(when you started this thread), yes I would ride the trend to make some extra cash. But right now the price is so artificial that it's probably gunna crash soon. Never a good time to buy when it's already at its peak.

"Buy the rumour, sell the news"

The problem is that posts like this were everywhere when ETH was at 50-60-70-80-90s and I kid you not, no way 0.01, the peak of all peaks!

[TravelsAsia]

That would be because of the purpose of the bet: "Ethereum to top $1 billion market cap before 2017"

I've bet no.

Better get some prayer beads, because this isn't looking good for you 

Ra'men

[funkenstein]

Meanwhile smart contracts have just been demonstrated on the bitcoin block chain
https://bitcoincore.org/en/2016/02/26/zero-knowledge-contingent-payments-announcement/

relevant to eth or not?  

A complete non event is not relevant to ethereum.

Also rootstock is a joke.  Look at their business model.  When they published it there was great laughs and happiness in the ethereum subreddit and the price of ETH shot up 20%

Thanks.  What is rootstock?  I never heard of it.  

I agree that smart contracts have been non-events of no real use (at least yet) but still it seemed surprising that the first ones demonstrated for realtively complex computation (even contrived use) are on bitcoin mainnet.  The architecture is like ethereum sigwitted onto bitcoin, except signatures people have paid to use but smart contracts not so much.

I don't really see the use of these things anyway, but they are an interesting curiosity.  Erdös would approve

[stoat]

"Smart contracts are an interesting curiosity"

Lol.  You know that satoshi nakamoto (real name Nick Szabo) writes extensively about smart contracts right?

[funkenstein]

"Smart contracts are an interesting curiosity"

Lol.  You know that satoshi nakamoto (real name Nick Szabo) writes extensively about smart contracts right?

Of course, I read it all.  Even the parts where he writes "I am definitely not Satoshi".  You got a use case you'd like to share?  Sudoko solutions is kinda cute.  There was a ethpyramid that was kinda cute too. 

[stoat]

"Smart contracts are an interesting curiosity"

Lol.  You know that satoshi nakamoto (real name Nick Szabo) writes extensively about smart contracts right?

Of course, I read it all.  Even the parts where he writes "I am definitely not Satoshi".  You got a use case you'd like to share?  Sudoko solutions is kinda cute.  There was a ethpyramid that was kinda cute too. 

So you are saying

A.  Satoshi Nakamoto is someone other than Nick Szabo
B.  Smart contracts, and therefore the whole of ethereum is somehow useless

Well, a large amount of evidence points to Nick Szabo being Satoshi Nakamoto, this is proven with computer text analysis as well as a large and mounting pile of curcumstantial evidence.

And the whole of cryptocurrency uses the idea of "smart contracts". So the idea can be applied not only to money as you are about to find out.

[rienelber]

I don't see any strong reason for ETH to be rising so fast the past days. This only shows to me it's an artificial pump and will surely be followed by a deep dip.

Question is: is it worth it to buy it once this dip happens?

Looking at those impressive hiccups, I believe it's a nice option for trading...

[OgNasty]

Well, a large amount of evidence points to Nick Szabo being Satoshi Nakamoto, this is proven with computer text analysis as well as a large and mounting pile of curcumstantial evidence.

Satoshi is not Nick Szabo.  Do some research.

[stoat]

Well, a large amount of evidence points to Nick Szabo being Satoshi Nakamoto, this is proven with computer text analysis as well as a large and mounting pile of curcumstantial evidence.

Satoshi is not Nick Szabo.  Do some research.

I have done extensive research.  I have read everything there is to read on the subject.

[marcus_of_augustus]

Well, a large amount of evidence points to Nick Szabo being Satoshi Nakamoto, this is proven with computer text analysis as well as a large and mounting pile of curcumstantial evidence.

Satoshi is not Nick Szabo.  Do some research.

I have done extensive research.  I have read everything there is to read on the subject.

... not him.

[stoat]

... not him.

Show me one thing that proves that it cannot be him

[thms]

I don't see any strong reason for ETH to be rising so fast the past days. This only shows to me it's an artificial pump and will surely be followed by a deep dip.

Question is: is it worth it to buy it once this dip happens?

Looking at those impressive hiccups, I believe it's a nice option for trading...

Here are a few strong reasons:

https://www.reddit.com/r/ethtrader/comments/45shqc/boneheads_ethereum_news_to_come_updated/

[yefi]

That's fair enough, but in the next days it will continue to rise until Homestead is released, then some time after that there will be a huge drop but I think I'll be on the safe side since I got in at 90s or so and after more than a week I think we'll be already seeing 0.03 and more.

The problem with your strategy is that taking into consideration the way this is unfolding, there will be huge drops but I think support may be much more expensive than the current value.

Well, good luck to you. This thing is showing incredible strength at the moment, I'll give you that. Hopefully I won't be looking at my BTC wallet and crying in the near future

[hdbuck]

https://www.reddit.com/r/BitcoinMarkets/comments/48q97z/daily_discussion_thursday_march_03_2016/d0lqhwo

Consider...

The largest altcoin is significantly pre-mined.

The largest altcoin is permanently-inflationary.

The largest altcoin has a central dictator.

The largest altcoin's creators receive quite a substantial chunk of newly-mined coins every year, no matter what.

The largest altcoin has not even decided whether they will be PoW-based or PoS-based in the long-term.

...and, in fact, there are many, many protocol details that are changed on a relatively regular basis in response to newly-discovered vulnerabilities.

The largest altcoin was never designed to be a monetary token, and is ill-suited to this role. It was designed instead to be a fuel for smart-contracts (and it is almost a truism that no matter how successful the crypto revolution ultimately becomes, financial phenomena will always be more important and ubiquitous than smart-contract phenomena).

Much of the hype around the largest altcoin is based on the fact that entities like R3 are considering forking their blockchain for their own private purposes, but unlike in Bitcoin, these forks do not stand to drive any value to the altcoin's main-chain, because any forked networks will be entirely independent from the main one, i.e. demand for the altcoin will not increase due to R3's usage of a fork.

The largest altcoin's functionality can be replicated on the Bitcoin blockchain in a number of ways.

The largest altcoin's advocate(s) have recently perpetrated a widespread spam campaign to pump their altcoin.

I think it's an entirely valid perspective to consider the largest altcoin a "scam coin" in light of these facts. I am not trying to argue that it is such, but rather that those who dismiss it as a poor investment or a scam are not necessarily naive or uninformed.

[hdbuck]

... not him.

Show me one thing that proves that it cannot be him

he now pumps the eth corp coin.

[Minecache]

Meanwhile smart contracts have just been demonstrated on the bitcoin block chain
https://bitcoincore.org/en/2016/02/26/zero-knowledge-contingent-payments-announcement/

relevant to eth or not?  

I do t know but this is:

http://www.coindesk.com/r3-consortium-banks-blockchain-solutions/

[Washika]

I don't see any strong reason for ETH to be rising so fast the past days. This only shows to me it's an artificial pump and will surely be followed by a deep dip.

Question is: is it worth it to buy it once this dip happens?

Looking at those impressive hiccups, I believe it's a nice option for trading...

Here are a few strong reasons:

https://www.reddit.com/r/ethtrader/comments/45shqc/boneheads_ethereum_news_to_come_updated/

But that is not secret at all. We know that for very long time.

Do people just realised the potential of Ethereum?

[partysaurus]

the price on bitcoin is going to skyrocket once all the people that bought etherium is comming back once the hype goes down. if we are lucky it will happend right before the halvening when the price is being bumped anyway.