You are just on and on about Ethereum, and it seems that you don't even believe the bullcrap that you are spouting.
Who the fuck knows about short term price directions of ETH? I'm sure they can continue to pump Ethereum for a while, but there is just a lack of fundamentals - at least in respect to the decentralized aspect of it, and at some point it is going to have to come cascading down.
Yeah, they can keep pumping it, but when there is a lack of some of the fundamentals, then sooner or later people are going to recognize the lack of there, there.
Lol @ unironically trotting out fundamentals while invested in beetcoin.
I wonder if I should even respond to your nonsense.....
Yes, it's called fundamentals if you even considered facts beyond mere superficial quibblings around the word itself. Fundamentals for bitcoin includes permissionless immutable decentralization that has been built upon quite extensively, which is a set of fundamentals that no other coin can meaningfully claim. Yes, there are some coins that attempt some forms of decentralization and attempt to make meaningful improvements to bitcoin (such as monero and dash), and many claim decentralization in a kind of in-name only way, such as Ethereum, but many, including Ethereum, still do not have a decentralized proof of work infrastructure that secures a public ledger and presets value in such a manner that has been extensively time tested and attacked (like bitcoin has).
Your inability to call bitcoin by it's proper name, here, also goes to show that you are not even attempting to consider actual technical or use case facts.. because your goals appears to be denigrate, distort and make superficial and self-selective assertions.
Number of non-criminal unique bitcoin use cases that aren't contrived bullshit: ZERO.
What is bullshit, is you. There may be a lot of folks who use bitcoin for legally questionable activities, yet you defy adult logic with your attempt to suggest that merely because there is quite a bit of questionably legal or even illegal activities within bitcoin, that the totality bitcoin has no legal purpose.
Number of non-criminal bitcoin companies that have made money for their investors: ZERO.
I doubt that we have enough information regarding this point, but you could be correct that bitcoin companies are not making money. I personally would imagine that several of the exchanges have a lot of potential to make decent money.. but I don't really claim to know particulars, except for an understanding that frequently early venture capitalists will have difficulties monetizing within new industries. That is not unique to bitcoin, and remains a so fucking what, because there are still companies investing into the space, and the space is still growing, so there remains decent potential to figure out various profitable business models within the bitcoin space.
Number of non-criminal bitcoin companies that went belly up/simply ran away with the money: staggering.
You sound like a fucking old disgruntled and out of touch person-bot, here with your non-specifics... it's just "staggering", "staggering." And, whatever, even if your assertion regarding "staggering" has some accuracy, bitcoin should not be condemned as a whole because of the fact that a large number of companies have run off with funds that were entrusted to them and easily able to transport without detection. I doubt that you have any studies that would make any kind of statistically significant comparison to establish that bitcoin is worse than other industries in which large sums of money had been given to company owners.
In other words, you are just talking out of your ass with what you had read in your anti-bitcoin shill playing book.
What fundamentals are we talking about? A bunch of guys in China running casinos exchanges while their buddies turn electricity into waste heat?
Bitcoin is much more diverse than China..... why don't you provide some support for your xenophobic claims.
At least ETH isn't associated with child porn/failed drug dealers & extortionists,
likely not associated with any kind of meaningful commercial use, because it remains too much of a newbie and lacks liquidation avenues (even though some ETH liquidation avenues are currently growing, they are no where near bitcoin's liquidation abilities at this time).
has a better backstory
who gives a shit about.. your attempt to distort a backstory with selective emphasis on negative aspects...
& is profitable. Like so:
Yeah, you can look at one day here and there, and so fucking what? The lack of establishment in ETH is going to make that downside quite hurtful when it does take place. Bitcoin has already gone through several of those early day stages of extensive negative price performance.
Another problem with ETH is that after some of the hype wears off, a large number of folks are probably going to come to realize that there really wasn't much of any there, there, in spite of a lot of the pie in the sky hype regarding ETH and DAO etc...
Yeah, of course, there is a bit of there, there, but it is no where near the level of fantastical hype.
>and at some point it is going to have to come cascading down ... then sooner or later people are going to recognize the lack of there, there. <<<<<
Out of the mouth of babes and sucklings thou hast perfected praise
You seem to be wrongly implying that I am making some kind of complement? Part of my point is "buyer beware." Sure it is possible that ETH could experience another 2x, or 5x or even 10x, but even if it does experience these kinds of additional pumps, there still seems to remain considerable issues regarding what's behind the curtain and can it actually deliver without considerable downfallings... I am already amazingly surprised that it was able to be pumped beyond $5, so I don't really claim to know or understand what some of the finanancial forces behind the pump and whether they may be losing money to sustain such an ETH pump and until what point they will continue to engage in such pumping. I know banks and even governments such as the usa government has an enormous budget to be able to pump such a stupid ass deceptive concept such as ETH, but it does not mean that I am going to invest in such ridiculousness or even recommend such, even though people could profit from such seemingly nonsensical and foundation lacking speculation.
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