It's the same story again and again, I can't understand why anyone would get suckered into this. Ethereum at its base seems quite insecure, so there's a good chance it will be worth nothing in the long run.
I don't think thats the problem. It looks like a very interesting and powerful platform and problems can be solved.
The problem is that people place a speculative value on it which is based on a projected, notional, fully mature economy based around that technology. However, the market will always bring us back to earth and revalue the asset according to it's useful value TODAY.
For an Ether to actually be worth $10 of usefulness will take years. (And may never reach it due to endless supply+competition from other smart-contract blockchains). It may well get there, but the market price it back into reality in the meantime. If you can be bothered holding a huge bag of Ether for the next several years while its worth nothing, you could do ok (eventually). Most of the other money will go elsewhere and then come back when it's time.
Ether is not a monetary asset anyway - was not designed as such.
Today ETH can perform exactly the same as Bitcoin, as a currency too. Arguably even better. ETH is not Ethereum, it's a part of it. Saying that Ethereum was not designed to work as a currency is wrong. The correct definition is: Ethereum was not designed to be JUST a currency. People are usually confused by this subtle difference. Seems you are one of these people.
So, please explain what usefulness does Bitcoin have that Ethereum can't provide that makes Bitcoin worth 40 times ETH?
Just the other day
I think your reaching and trying to split hairs over definitions.
Trying to blur the definition of currency and gloss over the reality of what ETH is.
NO it was NOT intended to be a currency.. or it would have come out looking a lot different.
It would not have had a scammy deceitful IPO launch either.
Your comment is stupid.
NO it can not perform exactly as Bitcoin either.. that is bullshit !
From end to end Bitcoin was designed and intended and actually does WORK as a currency when ETH does not.
Can you USE ETH at the same places as Bitcoin to BUY things ? New computer at Tigerdirect ?
Will you ever be able to ? of course not.. so saying it can do the same is NOT true !
ETH will never rival Bitcoin because it is flawed by design deeply and part of the reason for that is what these
guys here have alluded too.. ETH's shortcomings in DESIGN and the effects this will have as a monetary token.
"Just" ?
In other words i was right when i said it was not a currency.
Your simply mincing words.. playing games.
What you might be trying to say is "Bitcoin is a Currency".
And ETH sort of kinda works like one too but is also some APP's block-chain platform thingy majigger..
You can spin bullshit until your blue in the face but here me clearly my little bullshit hype artists when i say this..
There is in fact a LOT of smart people out there watching..
and they have absolutely no difficulty what so ever cutting through the bullshit you guys spew all the time.
They will not fall for your crap.
If ETH was a solid contender to EVER dethrone Bitcoin it would have been apparent in 2014 when the IPO launched.
And it would be worth over $100 a coin right now.. it's not though is it ?
Hell i don't even think you ETH scammers are fooling the stupid around Crypto.. even they see through your crap gimmick antics.
They are simply "tolerating" you guys so they can make money off you.
Let's put this back into perspective shall we ?
Read the topic title.. Now why are we even talking about this ?
1 single reason.. someone rich with a ton of money pumped ETH hard.
Over night the price exploded.. even though the scammy IPO coin was launched 2 years earlier.
If it was not pumped we wouldn't even be talking about it..
Further more where were all of you since 2014 when the IPO was launched ?
It's amazing how 90% of the supporters showed up EXACTLY as the coin was pumped.
Where were you guys ?
Me ? i made a topic on Ethereum in 2014 when it came out
Tell us all where were you guys and what were you doing ?
It's not like i haven't asked this or other questions a dozen times and been ignored 100%
Summary ? You can bullshit & scam some of these guys but i will not be lured into your trap.
The prospect of making a bit of Bitcoin profit is not worth the high risk i would have to take.
Nor will i willingly support a scammy IPO digital pyramid scheme token called Ethereum. (for profit)
Why ? see my comments on the 2014 news story Coindesk launched (my Disqus name is xpmule)
Notice all of this is centered around getting Bitcoin profits ?
It's hilarious we are all yammering on about how ETH could *maybe* be a competitor to Bitcoin
..yet no one gives two shits about ETH and keep asking about the price of it.
If i was a REAL ETH supporter the price would be irrelevant to me and i would not even care about the market prices.
I don't think ANYONE here could debate the fact that the ONLY people even vaguely interested
in Ethereum are simply greedy users in the Altcoin scene who are after a profit..
a BITCOIN profit !
You can catch a few of these guys in the P&D dragnet but smart guys will have cashed out on your Pump team long ago LOL
So what are you ETH scammers going to do now ? Drift off into obscurity hiding for another 2 years ?
Posting "Test the water" topics randomly like before ?
Let me know how that works out for ya..
I can assure everyone here you guys will not be able to keep up the hype campaign 24/7 for years on end.
ETH will be going quiet soon.. but i won't be
