Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[TaurusBit]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

Eventually Bitcoin and side chains will probably make Ethereum useless. Until then, it's a good altcoin and PoC. 

[poncom]

They dumped all their Bitcoins and crashed the price, but they gave themselves a massive premine of Ethers to dump. Are they still holding their premine or have they dumped it yet? Ethereum's price crashed after the launch anyway, but I don't know if it was due to the IPO buyers dumping, or that in combination with the devs dumping.

They only gathered 30,000 coins or so. That's plenty but not enough to do any lasting damage to the price. Did they really do lightning dumps? Them of all people should be aware that giant market dumps don't do anyone any favours.

They chose to dump right after Bitstamp was hacked and everyone was panic dumping before the hacker had a chance to start dumping. There wasn't much buy support left and thousands of Ethereum IPO Bitcoins being dumped didn't help that support. The subsequent crash took us down to $150.

[Blazin8888]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

Eventually Bitcoin and side chains will probably make Ethereum useless. Until then, it's a good altcoin and PoC.  

wrong. Ethereum will empower + stimulate the BTC eco system even more.

Youre thinking backwards brother.

[billyjoeallen]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

Eventually Bitcoin and side chains will probably make Ethereum useless. Until then, it's a good altcoin and PoC.  

wrong. Ethereum will empower + stimulate the BTC eco system even more.

Youre thinking backwards brother.

At least Etherium is open source so when it fails we may still be able to salvage some code. Vitalik is a little wimp and I want to punch him in the face and take his milk money. He should be the code guy, the Paul Allen/ Steve Wozniak who has the other guy do the business side.  

[Richy_T]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

I agree. I am not sure about them as a company and their claims seem grandiose compared to what is realistically achievable but it's an interesting concept they're working with.

[Fatman3001]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

I guess the same thing can be achieved with Bitcoin and a sidechain: http://bravenewcoin.com/news/rootstock-is-coming-are-ethereums-days-numbered-or-will-the-18-million-dollar-idea-survive/

But I'm more comfortable with it having its own blockchain and not risk being limited by decisions tackling Bitcoin-specific problems (This stupid block size debate or just block time, which is 12s in ethereum ). Thus far it seems to add flexibility and robustness (I still don't understand how the sidechains are to be properly secured, we know how a blockchain is secured. It works.). And since the token is meant to be used to fuel Dapp/smart contract actions it will not be as vulnerable to price fluctuations as a token that is meant to work as a value carrier. Nor do I see "The Network Effect" as being an issue with Ethereum for much the same reason.

[ChartBuddy]

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[Fatman3001]

Ethereum isn't going replace Bitcoin. It's a platform for a new way of approaching the internet. It's the only alt project I see much point in.

Not a loaded question, just wondering if you have a better insight into this topic: Care to explain in one or two sentences what Ethereum can do that the Blockchain plus possibly pegged side chains plus some hardware infrastructure linked to these can't do? Never really understood the point of a "Turing complete crypto", I guess.

Eventually Bitcoin and side chains will probably make Ethereum useless. Until then, it's a good altcoin and PoC.  

There's been suggestions that Ethereum might eventually turn itself into a sidechain. At least they get a head start.

[Blazin8888]

MICROSOFT CEO ON THE POWER OF AZURE CLOUD / ETH : ( TALKING TO TECH STUDENTS IN INDIA)   : https://youtu.be/hw00mtT9cLg

[natewelt]

Am I the only one who sees the giant 2K BTC wall @ 310?

[Fatman3001]

As I see Blazin is here trying to pump eth I feel it's important to note that there's no good reason to buy eth unless you need it to run something on the ethereum network. There is no good reason why that token should be worth more than a couple of bucks. What we're seeing now in eth is P&D.

[chennan]

MICROSOFT CEO ON THE POWER OF AZURE CLOUD / ETH : ( TALKING TO TECH STUDENTS IN INDIA)   : https://youtu.be/hw00mtT9cLg

Is it really necessary to promote ETH here? I mean this is a Bitcoin speculation thread... I understand maybe one or two times promoting it, but I think you might be going a little too far with constant links and references to it.  

[gentlemand]

As I see Blazin is here trying to pump eth I feel it's important to note that there's no good reason to buy eth unless you need it to run something on the ethereum network. There is no good reason why that token should be worth more than a couple of bucks. What we're seeing now in eth is P&D.

Since when did any alt have a compelling use case? At least there's a smidge of actual utility there not that I give a shit.

[chennan]

As I see Blazin is here trying to pump eth I feel it's important to note that there's no good reason to buy eth unless you need it to run something on the ethereum network. There is no good reason why that token should be worth more than a couple of bucks. What we're seeing now in eth is P&D.

Since when did any alt have a compelling use case? At least there's a smidge of actual utility there not that I give a shit.

Well not to go back off-topic again... but have you looked at any of the cryptonote coins?  They have a pretty compelling idea behind it and practical use.

[SheHadMANHands]

lol, look at this awkwardly forced push down.  

poor bears  

[gentlemand]

I should've rephrased that as present usage, not theoretical possibilities. And Ethereum is one of the extreme few stepping beyond this cesspit at present. Again, I still don't give a shit but I wish joy to everyone involved.

[ImI]

Am I the only one who sees the giant 2K BTC wall @ 310?

market was shocked for a moment and decided to move on.

[SheHadMANHands]

Am I the only one who sees the giant 2K BTC wall @ 310?

market was shocked for a moment and decided to move on.

2k?   giant?  lmfao

[natewelt]

Am I the only one who sees the giant 2K BTC wall @ 310?

market was shocked for a moment and decided to move on.

2k?   lmfao

On stamp. That's a huge order. Sure there are multi-k trades, but not usually all in one order.

[ChartBuddy]

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