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

[aztecminer]

OMG, ETH mass adoption immanent!

You Can Now Get Paid in Ethereum Thanks to Bitwage and Uphold
Start getting paid in Ether now because getting your salary in Bitcoin is so 2015.
http://www.financemagnates.com/cryptocurrency/innovation/you-can-now-get-paid-in-ethereum-thanks-to-bitwage-and-uphold/

yeah right.. eth cant scale either.. it has no cap on the amount of coins created.. its another pump and dump . .. they are pumping bitcoin to get people to stop buying pms .. they pulled out all the stops in attempt to stop the pms from rising ...

Wait, people actually *BUY* pms?

Why would anybody do that?!

it is money and not currency .

[Elwar]

dafuq ETH 132m volume  

Probably this. They're very colose to having a closed-loop economy now: smart contracts, DAO, getting paid in ETH, etc., etc.

OMG, ETH mass adoption immanent!

You Can Now Get Paid in Ethereum Thanks to Bitwage and Uphold
Start getting paid in Ether now because getting your salary in Bitcoin is so 2015.
http://www.financemagnates.com/cryptocurrency/innovation/you-can-now-get-paid-in-ethereum-thanks-to-bitwage-and-uphold/

@Elwar: You use BitWage, don't you?

Yep. I don't understand why someone would use BitWage to get ethereums. It's not a currency, it's a single use coin (used for Ethereum apps).

I use BitWage because bitcoin is my main currency which I can use for spending.

[clopoterian]

I don't understand why someone would use BitWage to get ethereums.

For the same reason you use BitWage -- because they hate filthy fiat and believe in ETH.
Because if they get paid in Ether, store their wealth in Ether, and DAO companies accept Ether as a form of payment, that's a closed-loop economy right there

[kehtolo]

Technically right. But suppose i got paid today.. what can i spend my ETH on?? Bitcoin?

[kehtolo]

I don't understand why someone would use BitWage to get ethereums.

For the same reason you use BitWage -- because they hate filthy fiat and believe in ETH.
Because if they get paid in Ether, store their wealth in Ether, and DAO companies accept Ether as a form of payment, that's a closed-loop economy right there

It's also not yet near any kind of store of wealth.. and supply is not fixed.. so it's likely to be a poor store of wealth.

[BlindedByStick]

Technically right. But suppose i got paid today.. what can i spend my ETH on?? Bitcoin?

No, you can do what Elmer does: Sell it in the street for filthy fiat & make money. And convince your landlord to take ETH instead of government scrip.
Mass acceptance doesn't happen all by itself, we need to make it happen. Why would stores start accepting ETH if no one is willing to spend it?

It's also not yet near any kind of store of wealth.. and supply is not fixed.. so it's likely to be a poor store of wealth.

If people use it as a store of wealth, it's a store of wealth. Also a great investment vehicle, USD price went up by ~1,000% (one thousand percent) in 2016 alone. Pretty good compared to BTC, no?

Fixed supply is neither here nor there, that's BTCeanie thinking, totally early 90s. BTCeanies supply is limited, as is BTCBTCQ coins, as is 100s of other dead coins. How's that value doing?

[becoin]

How's that value doing?

If it wasn't value doing you won't be writing bs in bitcoin thread promoting eth bs.

[BlindedByStick]

How's that value doing?

If it wasn't value doing you won't be writing bs in bitcoin thread promoting eth bs.

Not promoting ETH, just answering why people may want to get paid in ETH, and clearing up the mechanics of mass adoption.
I understand you feeling bitter about ETH outperforming bitcoin, but that's what happens to a disruptive technology when it fails to evolve for 7 years. It stops disrupting and becomes lame, like PalmPilots
Why not try improving bitcoin, instead of just being surly?

[JimboToronto]

Good morning Bitcoinland.

I see that yesterday's mini-beartrap has already snapped shut and we're back over $540.



Congrats to those who bought at $520 or less.

[BlindedByStick]

... and those who sold at $560 or more

[becoin]

Not promoting ETH, just answering why people may want to get paid in ETH

If you're answering questions without being asked, that's called promotion.

[BlindedByStick]

Not promoting ETH, just answering why people may want to get paid in ETH

If you're answering questions without being asked, that's called promotion.

Please consider reading before typing. It's not that hard

Technically right. But suppose i got paid today.. what can i spend my ETH on?? Bitcoin?

No, you can do what Elmer does: Sell it in the street for filthy fiat & make money. And convince your landlord to take ETH instead of government scrip.
Mass acceptance doesn't happen all by itself, we need to make it happen. Why would stores start accepting ETH if no one is willing to spend it?

[JimboToronto]

I don't understand all this rivalry between Bitcoin and Ethereum. They serve different purposes.

It's like arguing which is better, pie or ice cream. Some people like both.

Now if you want to compare Bitcoin and Ethereum to fiat currencies, that's a different matter.

That's like comparing pie and ice cream with a steaming pile of shit.

[pinger]

I don't understand all this rivalry between Bitcoin and Ethereum. They serve different purposes.

It's like arguing which is better, pie or ice cream. Some people like both.

Now if you want to compare Bitcoin and Ethereum to fiat currencies, that's a different matter.

That's like comparing pie and ice cream with a steaming pile of shit.

Ice can have the same texture as a new created pile of shit :p

[BlindedByStick]

I don't understand all this rivalry between Bitcoin and Ethereum. They serve different purposes.

It's like arguing which is better, pie or ice cream. Some people like both.

Now if you want to compare Bitcoin and Ethereum to fiat currencies, that's a different matter.

That's like comparing pie and ice cream with a steaming pile of shit.

And yet you're euphoric that your beetcoins are worth almost as many piles of shit today as they were yesterday

[molecular]

I don't understand all this rivalry between Bitcoin and Ethereum. They serve different purposes.

There is an overlap of purpose, though: "be the one sound money". Might not be proclaimed (esp. by eth), but this purpose exists at least for some players.

[becoin]

Please consider reading before typing. It's not that hard

...convince your landlord to take ETH...
Are you idiot or what? Are you reading your own 'answers'?

[BlindedByStick]

I don't understand all this rivalry between Bitcoin and Ethereum. They serve different purposes.

There is an overlap of purpose, though: "be the one sound money". Might not be proclaimed (esp. by eth), but this purpose exists at least for some players.

Also draws on basically the same pool of investors.
Also why bitcoiners get so upset when BTC is compared to Beanies: Beanies cheapen artificially limited supply, Bitcoin's only positive distinguishing feature vis-a-vis ETH

Please consider reading before typing. It's not that hard

...convince your landlord to take ETH...
Are you idiot or what? Are you reading your own 'answers'?

Where do you see a problem? Grover (Elmo? whatever his name is) convinced his landlord to take BTC

[becoin]

Please consider reading before typing. It's not that hard

...convince your landlord to take ETH...
Are you idiot or what? Are you reading your own 'answers'?

Where do you see a problem? Grover (Elmo? whatever his name is) convinced his landlord to take BTC

You can't do that even with a gun in your hand. That's the problem!

BTC is money. That's why more and more landlords will take it. ETH is fuel for a vehicle that has no passengers. Only cheerleaders promoting it.

[BlindedByStick]

Please consider reading before typing. It's not that hard

...convince your landlord to take ETH...
Are you idiot or what? Are you reading your own 'answers'?

Where do you see a problem? Grover (Elmo? whatever his name is) convinced his landlord to take BTC

You can't do that even with a gun in your hand. That's the problem!

BTC is money. That's why more and more landlords will take it. ETH is fuel for a vehicle that has no passengers. Only cheerleaders promoting it.

Other than Elmer's landlord (purportedly) accepting BTC, I know of exactly no landlords that do.
That said, Etherium is less than 2 years old. Tell me how many landlords were accepting BTC back in 2011.

>ETH is fuel for a vehicle
No. ETH simply has features which BTC does not. Think of BTC as a Model T, and ETH as a 911 with AC. Having air conditioning might be a pussy move for a 911, but having AC makes it no less of a car, and it'll still blow your Model T into the weeds with the AC blasting. Get it?