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Author Topic: Call the bottom - Ethereum  (Read 3669 times)
ProfessionalGoogler (OP)
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April 09, 2016, 04:25:14 AM
 #1

$8-$9 before going back to  $10-$12+

..then to the moon $25+!  Wink
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April 09, 2016, 05:18:28 AM
 #2

Zero because it's a closed entropy permissioned ledger (just like all PoS coins), which means it's distributed but not decentralized, so it's technically more like a shareholder owned business.  Except there are usually laws about trading shares of a company, so it's more like some type of illegal security (with a kinda flaky security model like all PoS systems).  It really has nothing in common with Bitcoin at all.  Even if you want a shareholder owned business and not a decentralized system, it's unable to scale to offer any commercial viability for it's services.  

Federated chains are not decentralized either, but they usually have high performance.  You have to take a hit in performance to move from federated to decentralized.  Eth is neither federated or decentralized, so it has the cons of both systems and none of the benefits.

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April 09, 2016, 07:43:15 AM
 #3

Zero because it's a closed entropy permissioned ledger (just like all PoS coins), which means it's distributed but not decentralized, so it's technically more like a shareholder owned business.  Except there are usually laws about trading shares of a company, so it's more like some type of illegal security (with a kinda flaky security model like all PoS systems).  It really has nothing in common with Bitcoin at all.  Even if you want a shareholder owned business and not a decentralized system, it's unable to scale to offer any commercial viability for it's services.  

Federated chains are not decentralized either, but they usually have high performance.  You have to take a hit in performance to move from federated to decentralized.  Eth is neither federated or decentralized, so it has the cons of both systems and none of the benefits.


I think you should rethink a little more about security differences if it comes to POS/POW. There is literally no difference of buying half of the coins or half of the mining capacity if it comes to a coin with a high market cap. POS with forging is the equivalent to interest in your bank account and so its a good way to go...
Mining is perfect for a fair distribution method. Its also fine, if we find a way using the mining power for calculating useful things, but the waste of the SHA shit is for the ass...
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April 09, 2016, 08:52:20 AM
 #4

I do not think the Ethereum has reached the bottom yet. If the price stay around 0.02 for 2 to 3 months, then it is the bottom.

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April 09, 2016, 09:08:41 AM
 #5

I do not think the Ethereum has reached the bottom yet. If the price stay around 0.02 for 2 to 3 months, then it is the bottom.

Ethereum to me looks like one of the most manipulated coins anyway, i wouldn't be surprised if it goes way lower, and then a few more
pumps and dumps, just to make profit for large holders. If you are thinking of investing, i would advise you high caution.
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April 09, 2016, 09:26:03 AM
 #6

Zero because it's a closed entropy permissioned ledger (just like all PoS coins), which means it's distributed but not decentralized, so it's technically more like a shareholder owned business.  Except there are usually laws about trading shares of a company, so it's more like some type of illegal security (with a kinda flaky security model like all PoS systems).  It really has nothing in common with Bitcoin at all.  Even if you want a shareholder owned business and not a decentralized system, it's unable to scale to offer any commercial viability for it's services.  

Federated chains are not decentralized either, but they usually have high performance.  You have to take a hit in performance to move from federated to decentralized.  Eth is neither federated or decentralized, so it has the cons of both systems and none of the benefits.


I think you should rethink a little more about security differences if it comes to POS/POW. There is literally no difference of buying half of the coins or half of the mining capacity if it comes to a coin with a high market cap. POS with forging is the equivalent to interest in your bank account and so its a good way to go...
Mining is perfect for a fair distribution method. Its also fine, if we find a way using the mining power for calculating useful things, but the waste of the SHA shit is for the ass...
Mining is a waste of Electricity and no fairness - POS is the way to go for a good healthy network and fairness. Everyone can keep their wallets staking but not all people that can buy expensive mining rigs and keep mining forever.

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April 09, 2016, 09:28:35 AM
 #7

Now everybody want to see LISK released. This might be even better pump and maybe historically highest prices for some alts, in comparison to other similar projects, or maybe LTC , DASH who knows, trading already started (token trading) with very good volume.

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April 09, 2016, 09:37:10 AM
 #8

I would hope it goes back to $5 levels, ETH has been good so far for me.
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April 09, 2016, 09:41:19 AM
 #9

I would hope it goes back to $5 levels, ETH has been good so far for me.
Cant agree more. $5 seems reasonable for ETH
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April 09, 2016, 09:52:54 AM
 #10

Probably we will see many pumps and dumps with this project, because this is way for making money.
 If drop significantly i will rejoin, but till then i'm in others related and even better projects.

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April 09, 2016, 06:54:18 PM
 #11

Mining is a waste of Electricity and no fairness - POS is the way to go for a good healthy network and fairness. Everyone can keep their wallets staking but not all people that can buy expensive mining rigs and keep mining forever.

Wrong.  No matter how you try and spin it, closed entropy systems are permissioned ledgers that aren't decentralized.  Distributed yes, but not decentralized or permissionless.

If you don't understand why, read this thread:

IOTA - Permissioned ledger Russian extortion scheme

https://bitcointalk.org/index.php?topic=1414866.0


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April 09, 2016, 07:48:46 PM
 #12

$8-$9 before going back to  $10-$12+

..then to the moon $25+!  Wink

I agree with the first line of your post. I guess it's time to buy it, and it will go back to $12 soon. However I don't see the value of ethereum anywhere closer to $25 in at least upcoming 3 months.
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April 09, 2016, 08:27:39 PM
 #13

Zero because it's a closed entropy permissioned ledger (just like all PoS coins), which means it's distributed but not decentralized, so it's technically more like a shareholder owned business.  Except there are usually laws about trading shares of a company, so it's more like some type of illegal security (with a kinda flaky security model like all PoS systems).  It really has nothing in common with Bitcoin at all.  Even if you want a shareholder owned business and not a decentralized system, it's unable to scale to offer any commercial viability for it's services.  

Federated chains are not decentralized either, but they usually have high performance.  You have to take a hit in performance to move from federated to decentralized.  Eth is neither federated or decentralized, so it has the cons of both systems and none of the benefits.


Ethereum is not a POS coin and it had a fair distribution. It has some serious design flaws in my opinion but it's as decentralized as Bitcoin is. Why do you think it's not a decentralized currency ?

Does Bitcoin scale Huh? Right now the blocks are full and in 2-3 months it's going to be much worse...   

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April 09, 2016, 08:43:29 PM
 #14

Ethereum is not a POS coin

Unless you live in a cave, it's been known forever Eth is converting to PoS.  Eth was designed solely as a cash grab, and you can't have an IPO for a PoW coin and then leak mined coins after (investors don't like being diluted), so to make as much money as possible, they used PoS because you can't IPO with PoW!

Does Bitcoin scale Huh? Right now the blocks are full and in 2-3 months it's going to be much worse...  

Just wrote about that topic 5 seconds ago:

It doesn't matter what % of blocks are full you stupid fucks.  All that matters is what the average transaction fee is.  Since there is no minimum transaction fee, the blocks are basically designed to be full at all times eventually even if you set it to 100MB blocks.  Segwit + hard fork in 2017 = 3.2MB blocks.  Then schnorr multisig on top of that should lower transaction sizes and increase TPS further.

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April 09, 2016, 08:55:36 PM
 #15

I would hope it goes back to $5 levels, ETH has been good so far for me.
Cant agree more. $5 seems reasonable for ETH
Why 5$? Why do not 10-12$? Many people go to buy Lisk, and forget for some time about popular last month ETH  Wink
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April 10, 2016, 12:06:08 AM
 #16

5$ for sure whatever comes next depends on new hype/news
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April 10, 2016, 12:17:20 AM
 #17

I would hope it goes back to $5 levels, ETH has been good so far for me.
Cant agree more. $5 seems reasonable for ETH
Why 5$? Why do not 10-12$? Many people go to buy Lisk, and forget for some time about popular last month ETH  Wink
ppl are going for lisk, which is at the hype just like the ETH pump before. ETH can go further lower at any time.
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April 10, 2016, 12:52:41 AM
 #18

I do not think the Ethereum has reached the bottom yet. If the price stay around 0.02 for 2 to 3 months, then it is the bottom.

Ethereum to me looks like one of the most manipulated coins anyway, i wouldn't be surprised if it goes way lower, and then a few more
pumps and dumps, just to make profit for large holders. If you are thinking of investing, i would advise you high caution.

This, exactly this.

ETH is such a manipulated market.  Some whales drop in and start a pump and then all the little fish say, ME toooo, I fear missing out!!  Next thing you know the volume soars even more while the original whales start selling.  It still has a long way to go down, I'm sure there will be more pumps along the way to rip the money from silly bad traders
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April 10, 2016, 01:33:03 AM
 #19

0.00000001 btc.  That's the bottom.   Don't know when it's going to hit it but I suspect it's the target price of a lot of the altcoins.  I'm not sure that eth is as shitty as the rest of them so I may be off by a few orders of magnitude.

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April 10, 2016, 04:32:28 AM
 #20


bull trap wrapping up
bag holders will be moving from 'denial' to 'fear'

winter is coming ... long long bear market for $ETH
there will be a bear feast down in the valley of Despair (-$2)

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