Ethereum is great, but not money, which is why Poloniex has an XMR market.

[bathrobehero]

I swear Monero supporters are like Jehovah's witnesses. We all know about XMR at this point, it's been explained to us about a 100 times. Chances are, the 101th time isn't going to change our minds.

You're calling someone else a shill?

I guess it takes one to know one.

[Minecache]

I swear Monero supporters are like Jehovah's witnesses. We all know about XMR at this point, it's been explained to us about a 100 times. Chances are, the 101th time isn't going to change our minds.

You're calling someone else a shill?

I guess it takes one to know one.

Ladies, please.

[stoat]

No one gives a rats ass about monero i'm afraid. And ETH works as money just fine.

Stop trying to FUD a superior coin.

[americanpegasus]

Shilling is bringing up another crypto, unsolicited to the current discussion.  This discussion is about Ethereum and Monero having different purposes, and the definition of money.  
  
If trolls would stop bringing mud and drama into the discussion, and stick to the facts it would be appreciated.  

No one gives a rats ass about monero i'm afraid. And ETH works as money just fine.

Stop trying to FUD a superior coin.

 
  
Again, topics like this one do not seem to paint Ethereum as "superior money": https://np.reddit.com/r/ethtrader/comments/48nylu/the_accumulator_is_kraken_bought_for_liquidity/

The public nature of ETH's Blockchain give it many of the same weaknesses as Bitcoin.  At this point, in 2016, no one should be able to see anyone else's transactions and account balances.  
  
So while Ethereum may do fine for DAPPs and perhaps its current market price is justified it will not work large scale as a unit of account.  
  

[The Sceptical Chymist]

All of this is such a gamble, it's unreal.  And I mean bitcoin as well--Warren Buffett said he doesn't invest in anything he doesn't understand, and I probably should follow in his footsteps with cryptocurrency.  I'm not a computer or really a math type of guy and I cannot claim to understand how all of these things work.  These things are prices moving up and down, actions which I understand but cannot predict.

You say ETH is not money.  OK.  What is the value of these ETH tokens then?  I have yet to see someone dumb it down to retard-level for me.  And I mean get down to retard and then go a few inches further down.

[mtnsaa]

All of this is such a gamble, it's unreal.  And I mean bitcoin as well--Warren Buffett said he doesn't invest in anything he doesn't understand, and I probably should follow in his footsteps with cryptocurrency.  I'm not a computer or really a math type of guy and I cannot claim to understand how all of these things work.  These things are prices moving up and down, actions which I understand but cannot predict.

You say ETH is not money.  OK.  What is the value of these ETH tokens then?  I have yet to see someone dumb it down to retard-level for me.  And I mean get down to retard and then go a few inches further down.

ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention, to be more of like digital gold, not a payment system (which is completely useless if you ask me).

[mtnsaa]

Privacy as their main feature and focus just tell me exactly what they are all about. "Privacy" is what gave Bitcoin such a bad image in the first place. I need people and companies to not be some anonymous scammers thank you very much.

Wow. That's one depressing perspective.

Glad though that you've found your own personal ignorantopia.

In his world, all poker would be played with cards turned face up.  
  
All lovers would be able to ask each other what they were thinking about and get a brutal 100% honest answer at all times.  
  
There would be no such thing as classified information, and businesses would not be allowed to have secrets from each other.  
  
As well, any person's bank account and hard drive would be publicly browsable by anyone at any time.  
  
Basically, this is not the real world.

No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.

Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.

[stoat]

ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention, to be more of like digital gold, not a payment system (which is completely useless if you ask me).

Wow! great post.  Yes, thats exactly how I visualise the shitcoin supporters on this site.  Like cockroaches. And Ethereum is the fire that will burn their nests.

[The Sceptical Chymist]

All of this is such a gamble, it's unreal.  And I mean bitcoin as well--Warren Buffett said he doesn't invest in anything he doesn't understand, and I probably should follow in his footsteps with cryptocurrency.  I'm not a computer or really a math type of guy and I cannot claim to understand how all of these things work.  These things are prices moving up and down, actions which I understand but cannot predict.

You say ETH is not money.  OK.  What is the value of these ETH tokens then?  I have yet to see someone dumb it down to retard-level for me.  And I mean get down to retard and then go a few inches further down.

ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention, to be more of like digital gold, not a payment system (which is completely useless if you ask me).

Thank you sir, I totally agree with the bolded part and I don't believe I've heard confirmation of my thoughts before.  I bought some silver quarters from Provident Metals a few months back with bitcoin, and it was such a pain in the ass and there was absolutely no reason to use bitcoin other than the small discount they give.  I agree it's a store of wealth, like digital gold.

So you say buy ETH now?  I may just buy a little.  Who knows where it's headed.

[americanpegasus]

All of this is such a gamble, it's unreal.  And I mean bitcoin as well--Warren Buffett said he doesn't invest in anything he doesn't understand, and I probably should follow in his footsteps with cryptocurrency.  I'm not a computer or really a math type of guy and I cannot claim to understand how all of these things work.  These things are prices moving up and down, actions which I understand but cannot predict.

You say ETH is not money.  OK.  What is the value of these ETH tokens then?  I have yet to see someone dumb it down to retard-level for me.  And I mean get down to retard and then go a few inches further down.

Ethereum is going to be a computer, but one that is owned by many people.  This way you can run applications on that computer and be sure that no one can hack your program or falsify the results.  You know that no one can cheat/hack your program because lots of computers are all competing on the Ethereum standard for new 'coins'.  Why are they doing this?  Because Ethereum carries value, because it is a digital commodity.  
  
Monero does not claim to inherently run code.  A secondary layer could be built on top of it to run code, but it is a protocol layer that does one thing really well: privacy.  It does this by encrypting its own Blockchain such that no one can publicly read the Blockchain, but computers are still competing for new Monero same as any other crypto.  Therefore the Monero network remains secure and the tokens cannot be counterfeited.  Monero aims to be first and foremost --> money - the best debt ledger on the planet, just like gold once was.  
  
If you need further consultation I would be happy to help you.  I have a way of breaking down complex concepts and would be happy to assist anyone in understand this stuff - it really is the 'next big thing'.
 

[americanpegasus]

ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention, to be more of like digital gold, not a payment system (which is completely useless if you ask me).

Ethereum can not ever host something like Monero because Monero at its foundation is private money.  Ethereum uses a public Blockchain.  What is more likely is that an Ethereum replace would be built on top of Monero, if you insist on arguing the point.  Additionally Ethereum switching to Proof of Stake opens it up to tons of issues with that model down the road.  
  
My entire point is that Ethereum does not make good money because good money does just that - acts as a unit of account, unit of transaction, and store of value.  Your insistence on the 'usefulness' of Ethereum only solidifies my point that Ethereum might have value (or not) but it does not make good 'money'.

[americanpegasus]

No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.

Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.

Please post pdf files of your last three monthly bank statements.  Include your personal account and your business account.  
  
The truth of a public Blockchain (like Ethereum's) is that everybody can see all your data, transactions, and balances.... Not just these omnipotent 'authorities' you are so eager to submit yourself to.

[stoat]

ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention, to be more of like digital gold, not a payment system (which is completely useless if you ask me).

Ethereum can not ever host something like Monero because Monero at its foundation is private money.  Ethereum uses a public Blockchain.  What is more likely is that an Ethereum replace would be built on top of Monero, if you insist on arguing the point.  Additionally Ethereum switching to Proof of Stake opens it up to tons of issues with that model down the road.  
  
My entire point is that Ethereum does not make good money because good money does just that - acts as a unit of account, unit of transaction, and store of value.  Your insistence on the 'usefulness' of Ethereum only solidifies my point that Ethereum might have value (or not) but it does not make good 'money'.

Your definition of money is one that seems to be your own private definition that exists only in your head.

[americanpegasus]

Your definition of money is one that seems to be your own private definition that exists only in your head.

Not really: http://thismatter.com/money/banking/money.htm.
 
At one point spices were used as money as well.  How are those salt futures working out? 
 
Good money doesn't base its value on its practical use ability - it bases its value on its ability to be an easily transmitted, hard to counterfeit, fungible, resilient unit of debt and savings.  Gold does that extremely well; despite having a few recently discovered industrial uses (as in, discovered after we had been using it as money for thousands of years already) and looking pretty, it doesn't really do a whole lot. 
 
That's good money.  That's Monero too.  It does one thing really well, which is why many still prize it in 2016.  Monero is private just like gold is - in fact, it's the first time we've ever achieved that as a species.  That's a big deal. 
 
Salt was also used as money for a while, and it was rare enough that it made a fine commodity.  But then the world changed and salt lost all value.  Ethereum is a valued commodity, but whether it is most like salt, oil, or something else entirely remains to be seen.

[mtnsaa]

No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.

Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.

Please post pdf files of your last three monthly bank statements.  Include your personal account and your business account.  
  
The truth of a public Blockchain (like Ethereum's) is that everybody can see all your data, transactions, and balances.... Not just these omnipotent 'authorities' you are so eager to submit yourself to.

Dude, I get all the tecno-anarcho-conspiracy bullshit, but we are in the real world here, there are authorities, companies, institutions and so on and they will live on for a thousands more years. I understand if you don't want them to know you buy sex toys online or that you do some pot dealing on the side but other than that please, get real.

[dEBRUYNE]

Another pointless thread with absolutely no merit. It's getting annoying.

[mtnsaa]

All of this is such a gamble, it's unreal.  And I mean bitcoin as well--Warren Buffett said he doesn't invest in anything he doesn't understand, and I probably should follow in his footsteps with cryptocurrency.  I'm not a computer or really a math type of guy and I cannot claim to understand how all of these things work.  These things are prices moving up and down, actions which I understand but cannot predict.

You say ETH is not money.  OK.  What is the value of these ETH tokens then?  I have yet to see someone dumb it down to retard-level for me.  And I mean get down to retard and then go a few inches further down.

ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention, to be more of like digital gold, not a payment system (which is completely useless if you ask me).

Thank you sir, I totally agree with the bolded part and I don't believe I've heard confirmation of my thoughts before.  I bought some silver quarters from Provident Metals a few months back with bitcoin, and it was such a pain in the ass and there was absolutely no reason to use bitcoin other than the small discount they give.  I agree it's a store of wealth, like digital gold.

So you say buy ETH now?  I may just buy a little.  Who knows where it's headed.

I've bought ETH at 90s or so, I really don't know if it's extremely cheap or expensive right now, but I know that it is something special and it's making Bitcoin tremble like no "altcoin" ever did before. Just do some research, I'm not all in on ETH, I have some BTC but I'm not too optimistic. I do feel there's a chance Bitcoin can make it out and be digital gold like I mentioned, but in terms of usability I'm afraid Hearn hit the nail on the head.

Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees

[americanpegasus]

Dude, I get all the tecno-anarcho-conspiracy bullshit, but we are in the real world here, there are authorities, companies, institutions and so on and they will live on for a thousands more years. I understand if you don't want them to know you buy sex toys online or that you do some pot dealing on the side but other than that please, get real.

 
  
Again, a public blockchain lets everyone see all your transactions and balances.  Please post copies of your previous three months' bank statements since you don't believe that financial privacy is important.  
  

Another pointless thread with absolutely no merit. It's getting annoying.

I disagree.  This is a discussion about the difference between pure money and commodities, and what makes something valuable.  I recognize that those enjoying and riding the massive Ethereum swell cheering Ethereum on to 'replace Bitcoin entirely' may not like hearing about this distinction, but I feel it has merit to discuss.  

Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees

I agree the dream of buying cups of coffee with Bitcoin may be going away.  I've been saying for a while now that BTC would do better as a large public settlement layer.  But I think you would have to be totally ridiculous to say that we will be buying cups of coffee with Ethereum as well.
  

[bathrobehero]

No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.

Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.

Please post pdf files of your last three monthly bank statements.  Include your personal account and your business account.  
  
The truth of a public Blockchain (like Ethereum's) is that everybody can see all your data, transactions, and balances.... Not just these omnipotent 'authorities' you are so eager to submit yourself to.

Do you realize how silly you look pushing Monero because of its privacy while you're trading it on an exchange that requires your ID to do so because said exchange bent over to the US government?

[mtnsaa]

No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.

Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.

Please post pdf files of your last three monthly bank statements.  Include your personal account and your business account.  
  
The truth of a public Blockchain (like Ethereum's) is that everybody can see all your data, transactions, and balances.... Not just these omnipotent 'authorities' you are so eager to submit yourself to.

Do you realize how silly you look pushing Monero because of its privacy while you're trading it on an exchange that requires your ID to do so because said exchange bent over to the US government?

Game over! Let's go home.