bluebox
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February 10, 2016, 02:41:07 AM |
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Way to be overly dramatic. Bitcoin is far from dead and statements like that makes it hard to take anyone saying it seriously.
"Bring out your dead!" "I'm not dead yet! I'm feeling much BTCetter!" THWHACK https://blog.ethereum.org/2016/02/09/cut-and-try-building-a-dream/The implicit promise of upgrading Bitcoin was to prove feasibility in a sidechain for a chance to have the functionality merged back into the reference client. This promise has yet to be fulfilled and the result is a proliferation of external experimentation. Although much hullabaloo has been made about “the developer that quit bitcoin“, obviously the Bitcoin community isn’t dead, nor is its intrinsic use as a scarce digital resource valueless. Satoshi is a hero for recognising how to string several technologies together to create a truth protocol that no one explicitly controls. But the dream for Bitcoin to be the only transformative technology has been dead for a long time. We should instead embrace our new reality and look forward to all the possibilities that this important first attempt enabled.
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"The hurrier I go, the behinder I get..." - Lewis Carroll
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Za1n
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February 10, 2016, 03:58:47 AM |
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It is really hard to say, as some pointed out ETH could be the next BTC or could also be the next LTC pump/dump at this point. I am in it simply because even if it does crash I don't really have a ton of capital tied up in it, so no big loss, but I do have enough in it in case it is the next BTC I am not left out. How many of us haven't wished we got in BTC back when it was trading under $5.00? Of course I do not see ETH reaching BTC prices mainly because of the greater supply of coins, but even if it hits $50 it will be a good ride for many of us.
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tokeweed (OP)
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February 12, 2016, 12:09:37 AM |
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Still looking good. But I won't recommend buying in. The train has left the station.
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The Sceptical Chymist
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February 12, 2016, 02:14:56 AM |
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And everyone can take part in it.
well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Why don't people ride the trend instead of staying in the side lines? I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend. Riding the trend is a great thing to do if and only if you know when to get off. And none of us do, do we? And since we don't, having any sort of money invested in something that's on a trend line with no forseeable end, it is stressful. I speak for myself anyway. It's risky and it's stressful. Having said that, I gotz 18 ETH and I'm waiting for 0.019 and I'm cashing out with profit. If it never makes it there, oh well. (I'm a high roller, I know)
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rdnkjdi
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February 12, 2016, 02:56:15 AM |
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Eth will kill bitcoin. I've been watching the aerospace for three years now? It has actual innovation, developers from multiple sectors and they can actually deploy changes.
Bitcoin is dead. People just don't realize it. A private company is fighting to maintain control, the community is literally killing off any chance for real innovation. A.) Even if blockstream can do sidechains they have lost so much face with their underhand tactics no one will cooperate. B.) The private sector is excited about the blockchain(Google articles and vc funding and compare to bitcoin vc funding and articles) . At this point bitcoin can't scale. 3.5tps to 7tps isn't good enough.
Ethereum is the only game in town that comes close to trying to meet the needs of taking crypto mainstream by proving a dev language on the blockchain and next making it scalable.
They might fail. I don't know. But they're the best shot and have been for over a year.
P.S. Don't buy today's hype. Wait until it's "dying" or boring. Don't let anyone tell you "remember what it was like buying bitcoin at $10". There was one bitcoin. Ethereum had had hype and public exposure surrounding it since day one.
Way to be overly dramatic. Bitcoin is far from dead and statements like that makes it hard to take anyone saying it seriously. I wasn't trying to be overly dramatic. I was just stating what I see 5 years into the future. Here's a quote from some article I read today ... "I'm struck by how many times I've described this problem to people at the office or at Toastmasters events, who have nothing to do with bitcoin, and they have difficulty understanding what the actual problem is. When I tell them that this issue was artifically added into bitcoin after its launch, they simply ask why it takes years of discussion to change something back to close to the way it worked before. " I'm not even sure I have an opinion anymore in the block size debate. Blockstream needs the funding to give itself a reason to exist that comes from the 1% fee on the lightning network. Bitcoin needs blockstream to push sidechains etc. I just don't see it happening man. Going from 1MB blocks that are almost full to 2MB blocks is like trying to pull a bad tooth from a bear who hasn't been sedated. I just don't see how it can move. VC funding dries up next (more VC funding is being poured into "Blockchain" projects that will do nothing to increase the value of bitcoin), then interest shifts from bitcoin to something else (Gavin Wood is a good example of someone who was excited about Ethereum but thought bitcoin was silly), then big providers shift to whatever is next (people who don't censor their company on their reddits for testing out a piece of software Theymos doesn't like). Circle is talking about adding Ethereum. Coinbase is testing Classic (which won't work - bitcoin won't fork) and maybe they are still banned on bitcoin reddit. Not sure. Last piece is when a few old time bitcoin whales panic that have a cost basis of $0.34 per bitcoin and start dumping for alternate currency or fiat. Then you'll see panic. I am being overly dramatic for today I suppose. But not overly dramatic in the next 1 - 5 year time frame. Watch an see. (I'm not convinced it will be Ethereum - just that it won't be bitcoin).
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tokeweed (OP)
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February 12, 2016, 02:58:29 AM |
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And everyone can take part in it.
well of course everyone can take part thats how the few will make their fortune off the 98% of the future bagholders ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif) Why don't people ride the trend instead of staying in the side lines? I see a lot of people whining instead of taking advantage of an opportunity to earn some profit trading the trend. Riding the trend is a great thing to do if and only if you know when to get off. And none of us do, do we? And since we don't, having any sort of money invested in something that's on a trend line with no forseeable end, it is stressful. I speak for myself anyway. It's risky and it's stressful. Having said that, I gotz 18 ETH and I'm waiting for 0.019 and I'm cashing out with profit. If it never makes it there, oh well. (I'm a high roller, I know) I get that. But the thing is people who feel left out because the didn't take the trade tend to get jelly and whine a lot on these boards. And I know for a fact that most of these people are in their 40's and are way older than me... What a pitiful sight they are in real life, in front of their monitors, typing away trolling BCT in the middle of the night. My advice... Just learn how to trade and form a group and help each other out and become more productive.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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The Sceptical Chymist
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February 12, 2016, 03:01:11 AM |
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<snip> And I know for a fact that most of these people are in their 40's and are way older than me... What a pitiful sight they are in real life, in front of their monitors, typing away trolling BCT in the middle of the night.<snip>
If you only knew, sir. If you only knew. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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tokeweed (OP)
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February 12, 2016, 03:06:36 AM |
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<snip> And I know for a fact that most of these people are in their 40's and are way older than me... What a pitiful sight they are in real life, in front of their monitors, typing away trolling BCT in the middle of the night.<snip>
If you only knew, sir. If you only knew. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) They're all sock puppets? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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gentlemand
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February 12, 2016, 03:35:40 AM |
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I think this pump has come at a very interesting moment. The combination of development strife, be that imaginary or not, and two and a bit years of utter price drudgery for BTC makes the 'too big to fail' idea pretty comical.
If those factors had come 5-10 years hence then I don't think they'd be so much of an issue but it's still tiny. Even if Ethereum was a pure business case and it wasn't even possible to speculate on then it has a chance of sailing past. Throw in greed and it's a different ball game.
No idea whether ETH will truly go anywhere. The current rise is a cookie cut bubble and could easily turn to dust but I hope it at least serves as a wake up call for the more arrogant pricks out there in Bitcoinland.
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tokeweed (OP)
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May 18, 2016, 10:58:41 AM |
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And everyone can take part in it. ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.computerworld.ch%2Ftypo3temp%2Fpics%2F70c0f44bf0.jpg&t=665&c=C3r_mX7N4b_V1A) Still holds true. And you still can be a part of it.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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tokeweed (OP)
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Life, Love and Laughter...
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May 18, 2016, 11:14:29 AM |
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"You know it's time to sell when shoeshine boys give you stock tips"
Where's the shoeshine boy? I'll give him a tip.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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TrueAnon
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May 18, 2016, 05:55:04 PM |
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Love being able to read thru such pages *grabs popcorn*
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Hollowman338
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May 18, 2016, 06:24:39 PM |
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"You know it's time to sell when shoeshine boys give you stock tips"
Where's the shoeshine boy? I'll give him a tip. He's back at it again, that's where ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) DAO pump
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ArticMine
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Monero Core Team
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May 18, 2016, 07:05:30 PM |
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Eth will kill bitcoin. I've been watching the aerospace for three years now? It has actual innovation, developers from multiple sectors and they can actually deploy changes.
Bitcoin is dead. People just don't realize it. A private company is fighting to maintain control, the community is literally killing off any chance for real innovation. A.) Even if blockstream can do sidechains they have lost so much face with their underhand tactics no one will cooperate. B.) The private sector is excited about the blockchain(Google articles and vc funding and compare to bitcoin vc funding and articles) . At this point bitcoin can't scale. 3.5tps to 7tps isn't good enough.
Ethereum is the only game in town that comes close to trying to meet the needs of taking crypto mainstream by proving a dev language on the blockchain and next making it scalable.
They might fail. I don't know. But they're the best shot and have been for over a year.
P.S. Don't buy today's hype. Wait until it's "dying" or boring. Don't let anyone tell you "remember what it was like buying bitcoin at $10". There was one bitcoin. Ethereum had had hype and public exposure surrounding it since day one.
Way to be overly dramatic. Bitcoin is far from dead and statements like that makes it hard to take anyone saying it seriously. I wasn't trying to be overly dramatic. I was just stating what I see 5 years into the future. Here's a quote from some article I read today ... "I'm struck by how many times I've described this problem to people at the office or at Toastmasters events, who have nothing to do with bitcoin, and they have difficulty understanding what the actual problem is. When I tell them that this issue was artifically added into bitcoin after its launch, they simply ask why it takes years of discussion to change something back to close to the way it worked before. " I'm not even sure I have an opinion anymore in the block size debate. Blockstream needs the funding to give itself a reason to exist that comes from the 1% fee on the lightning network. Bitcoin needs blockstream to push sidechains etc. I just don't see it happening man. Going from 1MB blocks that are almost full to 2MB blocks is like trying to pull a bad tooth from a bear who hasn't been sedated. I just don't see how it can move. VC funding dries up next (more VC funding is being poured into "Blockchain" projects that will do nothing to increase the value of bitcoin), then interest shifts from bitcoin to something else (Gavin Wood is a good example of someone who was excited about Ethereum but thought bitcoin was silly), then big providers shift to whatever is next (people who don't censor their company on their reddits for testing out a piece of software Theymos doesn't like). Circle is talking about adding Ethereum. Coinbase is testing Classic (which won't work - bitcoin won't fork) and maybe they are still banned on bitcoin reddit. Not sure. Last piece is when a few old time bitcoin whales panic that have a cost basis of $0.34 per bitcoin and start dumping for alternate currency or fiat. Then you'll see panic. I am being overly dramatic for today I suppose. But not overly dramatic in the next 1 - 5 year time frame. Watch an see. (I'm not convinced it will be Ethereum - just that it won't be bitcoin). I for the most part agree with this assessment of Bitcoin. If one steps back from the short term hype and takes a medium to long term view of Bitcoin it is hard to not to reach a similar conclusion. The fundamental problem with Bitcoin is that nobody has found a solution to securing Bitcoin after the block subsidy runs out while at the same time allowing the blocksize to scale. What rdnkjdi has described above for the most part can be traced back to this fundamental problem. This also means that any POW coin that has a fixed maximum number of coins will eventually run into the same issue. My take is that Ethereum is not the answer to a Bitcoin replacement simply because that is not what Ethereum was designed to do. I say this even as the market has for the short term treated Ethereum as a "Bitcoin replacement". Ethereum will succeed or fail on tis own merits not as a replacement for Bitcoin. If one's car breaks down one can use an 18 wheeler transport truck as a temporary replacement, but ultimately what one needs is a car that works. Of course this does not mean there may be a perfectly valid market for 18 wheeler transport trucks and investing in their production could be very profitable. As for a "car that works" the strongest candidates are Monero (POW, adaptive blocksize limit, tail emission) followed by Dogecoin (POW, tail emission). I include Dogecoin because adding an adaptive blocksize limit, in a hard fork, is a very minor change in the social covenant of a coin compared to adding a tail emission. Cryptonote coins without a tail emission, for example Bytecoin, will also fail when the block subsidy runs out.
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RoseMann
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May 18, 2016, 07:19:07 PM |
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There are so much rally in prices despite ETH not yet going mainstream. Wonder what the price will be once it gets to be used as one of the major payment options.
When it goes to main stream, the Ethereum price could be 0.1 bitcoin. I am not sure it can go higher than that.
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s1gs3gv
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ex uno plures
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 18, 2016, 09:35:49 PM |
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Sure is a lot of wishful thinking going on here.
Where did I see the XCP ann about porting the ETH VM into their code ?
We could be looking at an application platform war over the next few years in the blockchain space.
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pbleak
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Merit: 1001
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May 18, 2016, 10:01:54 PM |
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Much of it now depends on the DAO. If that goes swell Ether will be worth a fair bit. If it crashes there is a lot tied up in the DAO.
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sinner
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May 18, 2016, 10:02:10 PM |
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that marketwatch article nailed it--ethereum is a solution seeking a problem.
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tokeweed (OP)
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Merit: 1452
Life, Love and Laughter...
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May 18, 2016, 10:08:24 PM |
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that marketwatch article nailed it--ethereum is a solution seeking a problem.
Link?
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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