Do ETH investors understand Ethereum?

[willope]

How many people that invested in ETH actually understand the technology of ethereum? I was reading the site of ethereum, it has a lot of explanations in "human language". But I still don't fully understand itor what it really is. Is it a new encrypted and distributed darkweb? It needs ether to pay or to communicate or to confirm or what?

Why are there so many people investing in it? Are they genius or am I stupid?

[Minecache]

Firstly don't blame other people for your own inadequacies. Secondly if you read the website and still don't understand nor appreciate the vast potential in Ethereum then I suggest you stay away from it until a Dummies Guide is published. When the Internet and email first came out the dumb people questioned why they'd need it. Today these very same individuals post dumb selfies on Instagram and mind numbing liked on Facebook. Sometimes you need the vision and intelligence to look behind the organ grinders curtain.

[partysaurus]

How many people that invested in ETH actually understand the technology of ethereum? I was reading the site of ethereum, it has a lot of explanations in "human language". But I still don't fully understand itor what it really is. Is it a new encrypted and distributed darkweb? It needs ether to pay or to communicate or to confirm or what?

Why are there so many people investing in it? Are they genius or am I stupid?

i guess alot of the people that invest in eth have no fucking clue what it is. they just move where the money is flowing into and start yelling its the bitcoin killer becuse bitcoin did not earn them money fast enough, in some days they will be back in bitcoins pretending it never happend. alot of people invested in it thinking it would be the next big thing. it might still be. but its over hyped for what it is right now not for what it could be down the road.

[TPTB_need_war]

Firstly don't blame other people for your own inadequacies. Secondly if you read the website and still don't understand nor appreciate the vast potential in Ethereum then I suggest you stay away from it until a Dummies Guide is published. When the Internet and email first came out the dumb people questioned why they'd need it. Today these very same individuals post dumb selfies on Instagram and mind numbing liked on Facebook. Sometimes you need the vision and intelligence to look behind the organ grinders curtain.

Hey pumper idiot. You don't understand Ethereum's insouciant, technological incompetence and overhyped useless Dapps either.

Click my name and click read my posts.

[The Sceptical Chymist]

Firstly don't blame other people for your own inadequacies. Secondly if you read the website and still don't understand nor appreciate the vast potential in Ethereum then I suggest you stay away from it until a Dummies Guide is published. When the Internet and email first came out the dumb people questioned why they'd need it. Today these very same individuals post dumb selfies on Instagram and mind numbing liked on Facebook. Sometimes you need the vision and intelligence to look behind the organ grinders curtain.

Goddamn somebody didn't get laid last night.

I can't say I understand ETH either, nor any of the other cryptocurrencies but I'm not a big investor either and I don't need a PhD in cryptography to use bitcoin.  As I said in the other thread I will watch TPTB's predictions closely even without understanding fully his arguments.  I am not that smart.

[Ubertroco]

Dont think so. Its like BTC. At some point all that matters its the money that it makes

[kerrang]

they don't understand the technology, just chase quick money.

[hananl1styo]

probably because you are stupid  , just kidding !, may be many who invest in ethereum because ehtereum price and the price is too expensive, and too many takers, maybe that's all I know about ethereum. perhaps anyone want to add or improve.

[mining1]

I can't say I understand ETH either, nor any of the other cryptocurrencies but I'm not a big investor either and I don't need a PhD in cryptography to use bitcoin.  As I said in the other thread I will watch TPTB's predictions closely even without understanding fully his arguments.  I am not that smart.

Do not be a fool thinking he doesnt have his own reasons.Yes ethereum has its own problems but thats the reason its still developing and most problems will be sorted out.As i said,hes either looking for a job at eth,or maybe trying to release his own crypto.And most likely stashing some ether for rainy days.
And its obvious for everyone no matter how new we are into cryptos that ethereum is the most likely project out of every other project out there to really become succesful and reach mainstream succes.The only threat to it are the devs themselves or maybe some other revolutionary crypto that would dwarf eth's potential.

[Minecache]

I can't say I understand ETH either, nor any of the other cryptocurrencies but I'm not a big investor either and I don't need a PhD in cryptography to use bitcoin.  As I said in the other thread I will watch TPTB's predictions closely even without understanding fully his arguments.  I am not that smart.

Do not be a fool thinking he doesnt have his own reasons.Yes ethereum has its own problems but thats the reason its still developing and most problems will be sorted out.As i said,hes either looking for a job at eth,or maybe trying to release his own crypto.And most likely stashing some ether for rainy days.
And its obvious for everyone no matter how new we are into cryptos that ethereum is the most likely project out of every other project out there to really become succesful and reach mainstream succes.The only threat to it are the devs themselves or maybe some other revolutionary crypto that would dwarf eth's potential.

I think that once great dapps like slick.it and Augur are released later this year then everyone will see the potential. Unfortunately by then for most on here the price will have skyrocketed out their reach.

[TPTB_need_war]

most problems will be sorted out

Incorrect.

[TPTB_need_war]

Augur are released later this year then everyone will see the potential

Augur can't be secure without centralization. Just all nonsense you pumpers write. Never even one technology rebuttal.

[mining1]

TPBP why do you think he's a pumper?its clear ether has the highest chances at reaching mainstream success,even though it has its problems.Me,i just have a very small bag and i really hope these "pumpers" really dump so i can get more.And,fortunately for those like me,a dump wouldnt kill it because,unlike 99% of the cryptos out there,like LTC,thats nothing but pure wannabe bitcoin speculation,people cannot be fooled twice with a really big pump like LTC had (ive read it was around ~50$) and then left for dead,and maybe,maybe,wait a while so people can forget and attempt a smaller pump to milk it again and again.And before you say,but if they dump eth they ll be out of funds,well,dont be naive and think they ll only think about funding themselves by selling ether only when it would have reached its bottom.

[TPTB_need_war]

its clear ether has the highest chances at reaching mainstream success,even though it has its problems.

I feel some pity for you guys who so deluded that you think that. Go read my posts in the Ethereum Paradox thread. But of course, you just want soundbites, not the hard work of analysis, and thus you choose to be in delusion.

Ethereum has 0% chance of ever attaining 10,000 users as a decentralized block chain. It might end up as some centralized crap and perhaps some partnership will hoist some crapware onto it similar to the "success" of Windows Phone with its 0.1% global market share of the smartphone market.

[cryptohunter]

I wouldn't worry about it at all. I wonder what % of this board understand crypto at all at a deep level. It's interesting for sure but it's kind of like maths at a high level. Sometimes no amount of study will allow you to grasp certain concepts. It's seems to me as I think about it, some brains perhaps have more ram. They can hold much more information at a conscious and active point whereby that information can interact and kind of be blended to create/reveal concepts that others with less ram can not ever experience. Hopefully we'll get some kind of implant/upgrade in the near future

Sometimes looking too deeply isn't the best thing for regular people. I remember in math back at high school when we were doing trigonometry and it seemed rather simple,  I felt I understood it and was feeling kind of smart. Then I stopped being happy with just pressing the tang or cosine button and thought about how I didn't undertand what that button did really or the working behind tan and cos. That was the first time i realised things can get a bit more tricky than you think in this world. If you try to force your mind to grasp concepts beyond your reach then you become annoyed and frustrated at your own hardware or your ability to use it. This is an unpleasant feeling.

How many investors really understand BTC or any crypto at a deep level I'm not sure. The issues BTC is having now should have been foreseen you would imagine if most understood the concept entirely. Or perhaps it's not that simple maybe certain issues can only become or apparent at a certain time.

If you are talking investment then that is something else. Those who understand the tech  do not essentially make the best investments or get the best gains since the markets move on pumps and rumour and manipulation is easy for wales in such small markets.

I've lost so much money (or rather failed to collect on so many gains )in crypto and could have been a millionaire several times over in USD value (im sure the same can be said for most who have been on this board for a few years). I am now more of a collector of crypto. I find it hard to sell anything hence why I have rooms full or clutter.

With ethereum - be very careful. I have seen a number of times now these unstoppable best thing since sliced bread coins/tokens reduced to crumbs.

[TPTB_need_war]

[excellent post]

So true.

The best you can do is observe when experts debate, e.g. smooth and I, or gmaxwell and I. Then form a judgement based on that interaction.

No expert has debated me on Ethereum's technology. Everyone ran away and hid, or implicitly agreed. So that should be an indication to you, that I am very likely correct on my technological analysis of Ethereum.

Note I would not claim to be an expert on some aspects, such as the math of elliptic curve cryptography. Neither is smooth.

[hv_]

[excellent post]

So true.

The best you can do is observe when experts debate, e.g. smooth and I, or gmaxwell and I. Then form a judgement based on that interaction.

No expert has debated me on Ethereum's technology. Everyone ran away and hid, or implicitly agreed. So that should be an indication to you, that I am very likely correct on my technological analysis of Ethereum.

Note I would not claim to be an expert on some aspects, such as the math of elliptic curve cryptography. Neither is smooth.

And saying that, I was thinking now for long time we are lacking a proper risk metrics for all that. So what you think of starting new thread say

"Claim for regorous risk analytics for crypto ccys"

or better create an open Crypto Rating Label for any ccy & sidechain that would take this into account like


Market Risk (Volatility, VaR,...) - standart stuff here.

Liquidity Risks (exchanges, coin distribution, transparency,...)

Cyber Risk (hacking, steeling of private keys,..)

Systemic Risk (high level attac vectors, economics, centralization, Violation of CAP,...)

Operational Risks ( DEVs, Community, Release cycles,..)

...


I'd love to see such !  And would help so much for all Investors ( edit: Software Traders).

[thms]

With ethereum - be very careful. I have seen a number of times now these unstoppable best thing since sliced bread coins/tokens reduced to crumbs.

Please tell us which ones are comparable to ethereum.

[Minecache]

TPBP why do you think he's a pumper?its clear ether has the highest chances at reaching mainstream success,even though it has its problems.Me,i just have a very small bag and i really hope these "pumpers" really dump so i can get more.And,fortunately for those like me,a dump wouldnt kill it because,unlike 99% of the cryptos out there,like LTC,thats nothing but pure wannabe bitcoin speculation,people cannot be fooled twice with a really big pump like LTC had (ive read it was around ~50$) and then left for dead,and maybe,maybe,wait a while so people can forget and attempt a smaller pump to milk it again and again.And before you say,but if they dump eth they ll be out of funds,well,dont be naive and think they ll only think about funding themselves by selling ether only when it would have reached its bottom.

Ignore him. He is simply trying to shout down anyone who knows and understands the power of the Ethereum technology simply so he can buy in on the cheap and fill his own bag. He came late to the party and now he understands that Ethereum has a brighter future than BTC.

[talkbitcoin]

How many people that invested in ETH actually understand the technology of ethereum? I was reading the site of ethereum, it has a lot of explanations in "human language". But I still don't fully understand itor what it really is. Is it a new encrypted and distributed darkweb? It needs ether to pay or to communicate or to confirm or what?

Why are there so many people investing in it? Are they genius or am I stupid?

i can't speak for others but as someone who has invested in Ethereum and sold my ETH a acouple of times so far, if i want to be 100% honest i can tell you that i have little information about ETH and less interest in knowing about it. i just bought and sold if for profit.