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July 27, 2016, 11:03:23 AM |
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There's a reason ethereum almost hit 2billion before dao hack, being the most important cryptocurrency to date ( not most valuable, bitcoin holds that title) it's only normal people talk about it. And the topic number is actually really small given it's potential and importance since most people know internet is full of trolls so they avoid talking about it, which leaves us with the trolls, hence most ethereum topics are all about FUD, like this one.
And before you'll say "BUT ETHEREUM SI A PUMP AND DUMP SCAM" ask yourself, why those whales "risked" pumping it so much then ? Maybe because they took a look at bitcoin and it's cache size problem, which won't be fixed since they won't risk a hard fork and risk killing the cow, so they'll milk it as long as they can before "jumping into the new BTC". And what better option than a cryptocurrency that actually has dapp potential, therefore it's value won't be backed up by blind faith and but something real?
Bitcoin cannot maintain value, once in a while it needs HYPE because the attention is fading from it, reason it was on it's 200$ low, luckily the halving hype worked, and now bitcoin value will slowly go down again, since there are no new greater fools to buy it at 650$ (maybe except for black market) and why would anyone use bitcoin instead of fiat ? Bitcoin already failed, it could work if it had leadership and not centralized mining .What's the curent status of chinese mining cartel by the way ? I suspect it's over 90% since after the halving. Whom they sell it ? Guess what, there aren't too many new greater fools.
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