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ezehy2014
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July 20, 2016, 11:12:44 PM |
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I don't understand this post, what are you trying to pass across here, is bitcoin getting stronger ? |
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Gyrsur
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Bitcoin Legal Tender Countries: 2 of 206
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July 20, 2016, 11:13:45 PM |
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AgentofCoin
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July 21, 2016, 12:17:11 AM |
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 Dumbledore approves and awards Bitcoin 60 points! Bitcoin wins the House Cup! |
I support a decentralized & unregulatable ledger first, with safe scaling over time.
Request a signed message if you are associating with anyone claiming to be me.
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groll
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July 21, 2016, 01:14:08 AM |
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Many will not just get it. But that may be true but in terms of price or monetary value it is really getting stronger. But with regards to supply it aint becoming stronger. But never the less the bitcoin economy is getting livelier every moment with thousand of people are joining everyday. But hope the supply will last and can cater the unlimited demand of bitcoin. |
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Rampion (OP)
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July 21, 2016, 09:38:22 AM |
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Every day that passes Bitcoin proves it is resilient. Bitcoin is sound money that keeps its promise: you will always be able to move money on chain without third parties being able to stop you - it is impossible to reverse a transaction, FULL STOP.
Ethereum just proved it's a joke. We already knew its awful money (uncertain supply controlled by a benevolent dictator, wow, that sounds sustainable). Now the ethereum community just demonstrated they have no idea of what are the fundamentals of their crypto, what problem they are trying to solve, what promise they need to fulfill. They proved they are just butthurt because they lost the Bitcoin train and just want to profit handsomely from their altcoin in the short term - at all costs, even if fundamentals are destroyed in the process.
Yes, Ethereum just bailed out their devs and stakeholders, fundamentally destroying any sustainability hope for Ethereum in the long term. The Bitcoin community would have never thought seriously about forking to bail out those who lost money on MtGox, that's a big difference.
Disclaimer: I own thousands of ethers, but still a fact is a fact.
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pedrog
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July 21, 2016, 09:41:34 AM |
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You don't know what a bailout is, or the author of the article doesn't know what a bailout is. |
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Rampion (OP)
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July 21, 2016, 09:49:01 AM |
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I don't understand this post, what are you trying to pass across here, is bitcoin getting stronger ? Satoshi "hardcoded" the following quote on Bitcoin's first block: " The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" See heere: https://en.bitcoin.it/wiki/Genesis_blockThat sentence basically sums up the problem bitcoin solves: in the fiat world you do not control your money, and this is a huge problem. In the fiat world your hard earned money can be seized or inflated to infinity by central bankers, the government, etc. With Bitcoin you are your own bank, you have full control of your money and nobody, I repeat, NOBODY, can ever touch your money if you maintain control of your private keys. No third party can do shit with your money if keep your private keys safe. In Bitcoin on-chain transactions that have enough confirmations are final and irreversible. In Bitcoin, cash is fungible. On the contrary the devs and big stakeholders in Ethereum were just bailed out - they hard forked because they couldn't accept a 33% loss. On Ethereum third parties can arbitrarily decide to seize your money even if you keep control of your private keys. They can just reverse transactions if they want. Transactions are not necessarily final nor irreversible. The Financial Times published an article yesterday. The title? "Ethereum bailout complete. Long live Ethereum!". Oh, the irony! |
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Rampion (OP)
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July 21, 2016, 10:11:39 AM |
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You don't know what a bailout is, or the author of the article doesn't know what a bailout is. Bailout definition : A bailout is a situation in which a business, individual or government gives money to a failing business in order to prevent the consequences that arise from a business's downfall The devs, who became filthy rich thanks to their crypto token, feared that a third party who controlled more than 10% of all ether in circulation could tank the price and destroy (or affect) their wealth. To avoid this they bailed out themselves by stealing money from this party who executed a contract and returning this money to themselves. |
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pedrog
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July 21, 2016, 10:33:57 AM |
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You don't know what a bailout is, or the author of the article doesn't know what a bailout is. Bailout definition : A bailout is a situation in which a business, individual or government gives money to a failing business in order to prevent the consequences that arise from a business's downfall The devs, who became filthy rich thanks to their crypto token, feared that a third party who controlled more than 10% of all ether in circulation could tank the price and destroy (or affect) their wealth. To avoid this they bailed out themselves by stealing money from this party who executed a contract and returning this money to themselves. No new money was given, a solution was presented and approved to solve a bug in the system that allowed the displacement of a shitload of money. By your logic it is ok to do it in bitcoin but it is not ok to do it in ethereum. |
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Rampion (OP)
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July 21, 2016, 10:48:20 AM |
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You don't know what a bailout is, or the author of the article doesn't know what a bailout is. Bailout definition : A bailout is a situation in which a business, individual or government gives money to a failing business in order to prevent the consequences that arise from a business's downfall The devs, who became filthy rich thanks to their crypto token, feared that a third party who controlled more than 10% of all ether in circulation could tank the price and destroy (or affect) their wealth. To avoid this they bailed out themselves by stealing money from this party who executed a contract and returning this money to themselves. No new money was given, a solution was presented and approved to solve a bug in the system that allowed the displacement of a shitload of money. By your logic it is ok to do it in bitcoin but it is not ok to do it in ethereum. No "new money" was given? Do you think that the money used to bailout the banks is "new money"? No, it's wealth coming from someone's pocket - most of the times consumers. Didn't you know? Do you code? I bet no. There was no fucking bug in the system, the protocol worked fine and ethereum had no bug whatsoever. The contract was executed, full stop - but there was no bug in it. Even if you might argue that the contract said something that the creator of the contract didn't meant to say (e.g.: sorry, I signed that I was selling you my house but I didnt mean it), in any case is a problem with an APPLICATION, there was no fucking problem with Ethereum itself. The equivalent in bitcoin would have been to hard fork to return the $400M stolen from MtGox - which, btw, were more than 10% of the total btc in circulation. That's the only fair comparison. Nobody in Bitcoin land whould have seriously thought about hard forking because of MtGox. That's because Bitcoin is REAL MONEY built to LAST on SOLID FUNDAMENTALS, not a scam built but some butthurt devs that want to get extremely rich in the sort term and no other clear goal in mind. |
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pedrog
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July 21, 2016, 10:55:22 AM |
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You don't know what a bailout is, or the author of the article doesn't know what a bailout is. Bailout definition : A bailout is a situation in which a business, individual or government gives money to a failing business in order to prevent the consequences that arise from a business's downfall The devs, who became filthy rich thanks to their crypto token, feared that a third party who controlled more than 10% of all ether in circulation could tank the price and destroy (or affect) their wealth. To avoid this they bailed out themselves by stealing money from this party who executed a contract and returning this money to themselves. No new money was given, a solution was presented and approved to solve a bug in the system that allowed the displacement of a shitload of money. By your logic it is ok to do it in bitcoin but it is not ok to do it in ethereum. No "new money" was given? Do you think that the money used to bailout the banks is "new money"? No, it's wealth coming from someone's pocket - most of the times consumers. Didn't you know? Do you code? I bet no. There was no fucking bug in the system, the protocol worked fine and ethereum had no bug whatsoever. The contract was executed, full stop - but there was no bug in it. Even if you might argue that the contract said something that the creator of the contract didn't meant to say (e.g.: sorry, I signed that I was selling you my house but I didnt mean it), in any case is a problem with an APPLICATION, there was no fucking problem with Ethereum itself. The equivalent in bitcoin would have been to hard fork to return the $400M stolen from MtGox - which, btw, were more than 10% of the total btc in circulation. That's the only fair comparison. Nobody in Bitcoin land whould have seriously thought about hard forking because of MtGox. That's because Bitcoin is REAL MONEY built to LAST on SOLID FUNDAMENTALS, not a scam built but some butthurt devs that want to get extremely rich in the sort term and no other clear goal in mind. Well, by what's happening with Ethereum's price it seems everyone is happy with the outcome, so, go cry somewhere else because nobody cares about your feelings. |
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Rampion (OP)
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July 21, 2016, 11:04:15 AM
Last edit: March 14, 2017, 06:30:35 PM by Rampion |
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Well, by what's happening with Ethereum's price it seems everyone is happy with the outcome, so, go cry somewhere else because nobody cares about your feelings.
1) I'm not crying 2) I still own thousands of ETH bought in the crowdsale (and now also ETHC) so if price goes up I'm happy* 3) Your argument is weak - markets often act irrationally 4) This just destroys ethereum fundamentals, which by the way were the following: "Ethereum is a decentralized platform for applications that run exactly as programmed without any chance of fraud, censorship or third-party interference." (literal quote from Ethereum marketing) If you do not understand point 4 you are either a newbie, an ignorant or a fool. Crypto markets are pretty predictable: short and mid term ETH will rally and ETHC will tank (going almost to $0). Still as a speculative asset/money both ETH and ETHC are extremely flawed because there is no clear supply and they have an unpredictable inflation rate - in the case of ETH Vitalik can basically print more "ether" whenever he wants. ETHC should fix that if they want their coin to retain value. Finally, I recognize it's cool technology but as a product its not clear what PROBLEM ethereum is trying to solve. *disclosure: I'm selling 80% of my remaining ETH in the next rally, which is starting now. I will keep the last 20% of my remaining ETH, which is 2% of the total amount I bought in the crowdsale, "just in case". I will keep all my ETHC for the very long term. |
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Denker
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July 21, 2016, 11:07:47 AM |
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Ethereum got pumped by the whales again.Everybady knows that.They are burning some of their wealth to keep that project alive and to get new idiots in.
It's just pure illusion and some dumbs will fall for it.
Anyways too much offtopic.Sorry for that.
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Pursuer
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Where is my ring of blades...
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July 21, 2016, 11:25:54 AM |
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----
Well, by what's happening with Ethereum's price it seems everyone is happy with the outcome, so, go cry somewhere else because nobody cares about your feelings.
every trader is happy as long as any coin is getting pumped and they can catch it before pump or early in the pump. but that doesn't mean ethereum is good and we are happy about the project, we are only happy because we are gaining more $$$ or BTCBTCBTC whatever you prefer  @OP your article link needs me to sign up first before it can read it! you should post a quote instead because I am not gonna  |
Only Bitcoin
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Whosdaddy
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July 21, 2016, 08:05:40 PM |
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Well, by what's happening with Ethereum's price it seems everyone is happy with the outcome, so, go cry somewhere else because nobody cares about your feelings.
every trader is happy as long as any coin is getting pumped and they can catch it before pump or early in the pump. but that doesn't mean ethereum is good and we are happy about the project, we are only happy because we are gaining more $$$ or BTCBTCBTC whatever you prefer @OP your article link needs me to sign up first before it can read it! you should post a quote instead because I am not gonna Ah that's right. I haven't actually read the article because I don't have the amount of effort in me to sign up for a single article to read. If someone would be kind enough to probably quote the content of the article in this thread, that'd be marvelous. |
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PsursV
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July 21, 2016, 09:18:45 PM |
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yes that is a fact and there is no doubt about this. i think the stability of the bitcoin is one of the major proof that bitcoin is getting strong than its previous position.
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mkc
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July 22, 2016, 07:11:09 AM |
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yes that is a fact and there is no doubt about this. i think the stability of the bitcoin is one of the major proof that bitcoin is getting strong than its previous position.
I agree, after halving, the price is so calm, I think bitcoin is quite mature now, not jump 20% then smashed 20% kind of amateur investment any more. |
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abugseuf
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July 22, 2016, 07:33:30 AM |
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yes there is no doubt about this i think it is more stronger than before. the reason is that people are now supporting bitcoin and they want to invest in bitcoin ever after halving and that is the reason that the price of bitcoin is a little stable
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KingdomHearts
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July 22, 2016, 08:21:33 AM |
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yes bitcoin increasing its price very much faster than other currency and bitcoin getting too much stronger and i hope will be more strong and powerful in the future .
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