leopard2 (OP)
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Activity: 1372
Merit: 1014
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March 18, 2017, 09:38:35 PM |
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Cheers! How come BTC price drops? ETH price dropped before hardfork. Panic, FUD.... And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less. So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now. Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine.  |
Truth is the new hatespeech.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Yakamoto
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Activity: 1218
Merit: 1007
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March 18, 2017, 09:44:29 PM |
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Cheers! How come BTC price drops? ETH price dropped before hardfork. Panic, FUD.... And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less. So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now. Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. >Implying that the hardfork for ETH is the reason that its value took off. Maybe for the blocksize it could end up being beneficial, but splitting it like what happened with ETH is a bad move and unironically believing that Ethereum's value shot up because it went through a fork in the past is a poor understanding of dynamics for cryptos at best. I'm seriously debating how much externals are understood by people on this forum. |
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JanpriX
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March 18, 2017, 09:44:44 PM |
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Cheers! How come BTC price drops? ETH price dropped before hardfork. Panic, FUD.... And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less. So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now. Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. Yeah, maybe, in the long run, that may benefit us. But, we still don't know what will happen. We can't compare ETH to BTC and hope that the same thing happened to ETH will also happen to BTC. My concern right now is that these issues create FUD to the people and make them sell their BTC in a much lower price. It creates chaos that we shouldn't have in the first place. Let's just hope that this will be solved the sooner. Transactions are being filed up everyday. Problems are already arising from this. |
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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March 18, 2017, 09:45:17 PM |
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ETH:
Mining centralization: Check.
Developer centralization: Check.
Capitalist centralization: Check.
Scalability issues: Check.
You can't directly compare a HF on a centralized scam coin to a HF on a decentralized and immutable coin.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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pawel7777
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Activity: 2436
Merit: 1562
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March 18, 2017, 10:01:26 PM |
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Cheers! How come BTC price drops? ETH price dropped before hardfork. Panic, FUD.... And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less. So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now. Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. Jesus Christ lad. I'm not opposing hard forks but your logic is way off. How do you know what the ETH price would be if they had never forked? How do you know it wouldn't be >$100 by now? If it generates free money, why don't they, or any other altcoin, fork every month making everyone a millionaire? No such thing as free lunch. You're also forgetting that ETH was on early stage of development with zero adoption outside of exchanges, which made the hf easier to manage. |
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mkc
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March 18, 2017, 11:09:00 PM |
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Cheers! How come BTC price drops? ETH price dropped before hardfork. Panic, FUD.... And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less. So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now. Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. You mean I have to install two bitcoin-qt, each use boat load of disk and ram. Don't tell me light weight client. I am old style and I old trust qt. |
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countryfree
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Activity: 3052
Merit: 1047
Your country may be your worst enemy
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March 19, 2017, 12:05:06 AM |
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The hard fork nearly killed ETH. It stayed at half the value it had last Spring for more than 6 months. It only recovered this month. Also, there was more support for the hard fork at ETH than there is now for BU. We sure can hope for the best, but a hard fork is a risky move.
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I used to be a citizen and a taxpayer. Those days are long gone.
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xuan87
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Activity: 1666
Merit: 1001
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March 19, 2017, 12:41:59 AM |
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The hard fork nearly killed ETH. It stayed at half the value it had last Spring for more than 6 months. It only recovered this month. Also, there was more support for the hard fork at ETH than there is now for BU. We sure can hope for the best, but a hard fork is a risky move.
I agree, ETH almost die when the hard fork happened, the price drop down so low and lose a lot of investor, ETH just lucky because previously before forking there are so many supporters and investors that is the reason ETH could survive, if there are no previous investor ETH will end up in a dead coin list, so forking is only for the last resort and it contain a huge risk |
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chesatochi
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March 19, 2017, 12:53:25 AM |
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The best should keep only one BTC network, and not make a split. This week is like a war on Twitter and many articles discuss the scaling debate. I think the first step should implement Segwit, and then let see what happen.
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Mbah Tyo
Sr. Member
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Activity: 532
Merit: 250
1st of May
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March 19, 2017, 12:57:02 AM |
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precisely, it is true that is what happens whoever will win us the benefit, but for those who panic with their hardfork then that's what the losses, because later we will get coins BTU, such as the number of stocks BTC us in the wallet when it but if now is already sold-out, what we receive from this hardfork agenda, bite the finger that is what we experience when it comes to participating panic selling
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European Central Bank
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Activity: 1288
Merit: 1087
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March 19, 2017, 12:57:46 AM |
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ethereum is wired to handle a hard fork in a much more efficient way than bitcoin.
when you include how much more homogeneous their community is compared to bitcoin, even if it did splinter, it becomes an almost pointless comparison.
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leopard2 (OP)
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Activity: 1372
Merit: 1014
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March 19, 2017, 01:05:43 AM |
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ETH:
Mining centralization: Check.
Developer centralization: Check.
Capitalist centralization: Check.
Scalability issues: Check.
You can't directly compare a HF on a centralized scam coin to a HF on a decentralized and immutable coin.
I see. All the above is true for BTC as well. Talking about immutability, ETC is immutable and is now worth 5% of ETH. We bitcoiners should not critizise the scalability issue of other coins, not really...try an ETH and a BTC transfer and see which one is faster  |
Truth is the new hatespeech.
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leopard2 (OP)
Legendary
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Activity: 1372
Merit: 1014
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March 19, 2017, 01:08:33 AM |
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Cheers! How come BTC price drops? ETH price dropped before hardfork. Panic, FUD.... And what happened? ETH went from sub $10 to over $50, after the hardfork, and people got free ETC on top of that. Currently at $2 or a little less. So pricewise, the hardfork was the best thing that ever happened to ETH. In fact if BTC splits into BTC and BTU, then that BTC may be worth $5000 and BTU maybe $200, a year from now. Mind you, a hardfork means you get the same number of coins in both forks, so no matter which sides wins you are fine. >Implying that the hardfork for ETH is the reason that its value took off. Maybe for the blocksize it could end up being beneficial, but splitting it like what happened with ETH is a bad move and unironically believing that Ethereum's value shot up because it went through a fork in the past is a poor understanding of dynamics for cryptos at best. I'm seriously debating how much externals are understood by people on this forum. I never said ETH value shot up BECAUSE of the hardfork. I am saying, the hardfork had no negative impact, not in the long run. I believe that after the hardfork, there could be quite a relief rally (not sure which chain .... people can then put their money where their mouth is hehehehe) |
Truth is the new hatespeech.
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shinratensei_
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Activity: 3094
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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March 19, 2017, 01:08:47 AM |
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The best should keep only one BTC network, and not make a split. This week is like a war on Twitter and many articles discuss the scaling debate. I think the first step should implement Segwit, and then let see what happen.
What do you think about this? https://twitter.com/bitfinex/status/843226656940679170 Bitfinex has got his answer. This is happening. |
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aarturka
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March 19, 2017, 01:22:59 AM |
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Eth capitalization was $100 000, 70% of coins in one hands, and it's price is easy manipulated. We can't compare vitaliumcoin with Bitcoin. This is what Ver and Jihan wants, to control Bitcoin as Buterin controls vitaliumcoin. But appears they end up with altcoin BTU  |
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Laviathon
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March 19, 2017, 01:51:31 AM |
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Everyone pushing for a hard fork in bitcoin is risking all of our money. Segwit gives them (BU) the increased block size that they want while protecting the network sovereignty.
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jaybny
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March 19, 2017, 01:52:42 AM |
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no no no - not a good thing - vitalik needs to stop talking
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LonelyPrince
Newbie
Offline
Activity: 32
Merit: 0
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March 19, 2017, 02:25:13 AM |
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Everyone pushing for a hard fork in bitcoin is risking all of our money. Segwit gives them (BU) the increased block size that they want while protecting the network sovereignty.
It's obvious they don't want blocksize increase, they want to control bitcoin |
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Laviathon
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March 19, 2017, 02:27:29 AM |
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Everyone pushing for a hard fork in bitcoin is risking all of our money. Segwit gives them (BU) the increased block size that they want while protecting the network sovereignty.
It's obvious they don't want blocksize increase, they want to control bitcoin Thats the truth. This debate over blocksize is turning into nothing more than a hostile takeover attempt. |
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jaybny
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March 19, 2017, 03:17:35 AM |
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Everyone pushing for a hard fork in bitcoin is risking all of our money. Segwit gives them (BU) the increased block size that they want while protecting the network sovereignty.
It's obvious they don't want blocksize increase, they want to control bitcoin Thats the truth. This debate over blocksize is turning into nothing more than a hostile takeover attempt. Yes - and you stop a hostile take over with a poison pill.. https://bitcointalk.org/index.php?topic=1833046.0 |
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