Shit just got real

[spartak_t]

You can't figure out ? I thought so. Please, let me enlighten you. ETH will take BTC's place and will be paired against ALL other cryptocurrencies. The trollBOX will stroke their penises to a climax when their favorite gamble will reach 0.001ETH in price. Although eth will lose BTC trading volume ( it dies if it loses first place ), won't make a difference because it will get much more volume by being paired against hundreds of cryptos and against all fiat currencies that matter.

So please delete this extremely bad argument before others see it;

If Ethereum is better than Bitcoin, then I guess ETH won't need a BTC pair? Let's see what happens with Ethereum if exchanges remove their ETH/BTC pairs?

I always stand behind my words, unlike you and your alt Mindlescache, shithead. I also saw your "attack" on Hoskinson - it was something, which only "keyboard warrior" like you can do. You did nothing fruitful in/for this community and I bet if I put my ass next to your face people will think we're twins. 

[mining1]

It wasn't an attack. It was a truthful statement. The guy carries the ethereum name around and tries to capitalise on it. But the guy admited it himself that he left BEFORE the project even started. Basically he's a founder because he was in the same room with vitalik and other ~50 people and were talking about the future of the project. And he left because they REFUSED to take money from VCs ( look where blockstream and bitcoin core is now ) and made an ICO instead. And now he's throwing with shit at his ex colleagues every time he has the chance. Such an amateur.

You claim to be a righteous person. If that's the case, it's impossible to not agree with what i just said.

Edit: to be noted, i don't claim he is bad at his job or he is a scammer or something like that. It's about his character and integrity, he lacks them. Attacking your colleagues over a dissagreement over funding is so low, while at the same time he joined etc, a project build by them. And he's praising it now ( while still throwing shit at his colleagues and eth ).

Also, chandler gao and other mining whales didn't support etc because they believe in it. Barry and hoskinson needed their support, and they saw an opportunity to double their money ( assuming they would have managed to flip it over ). That is why the monetary policy is ~230mil tokens, aka 300% inflation.

[arpon11]

According to http://www.flippening.watch/ , ethereum surpassed bitcoin in volume, mining reward ( aka most secure chain by hashrate ) and nodes, having 4 times more. To be noted that even though ethereum has 92% of bitcoin's transactions, technically it has MUCH more because tokens that work on it aren't taken into consideration.

Which means, today, ethereum surpassed bitcoin by any metric, except for the market cap. Some of you listened to trolls and thought ethereum is a scam, some of you saw past that.

I was also optimistic see both volume on http://www.coinmarketcap.com of Ethereum volume over passed that of bitcoin first time today. It is a great breakthrough for ethereum as it  happened very easy. In market capitalization, I think before the end of this week it might surpasses.

[Spoetnik]

I knew eth is a great alt coin, but the support for eth is still too low, until there are a lot of shop accepting eth, then we can compare eth and bitcoin, all of those number only come from trading and people just do pump and dump when people think it is not profitable anymore they will find other coin

Great ? ahahah  

And why would a shop accept ETH ?
It's not a currency.. they are "fuel tokens" for making Smart contracts work.
You profiteers are buying scammy ICO coins and you don't even understand the gimmick.

..good luck with that

This crypto-crap is just a swirling vortex of idiocy and greed.

@mining1
Launching a scammy ICO is "low"
And so is bashing a guy every chance you get over his gud haircut.
Hypocrisy much fraud boy ?
The kettle might be black bruh hahahhaha 

[renes]

you should not be surprised. This is the most unpredictable market ever. Maybe ethereum will be 1M instead of bitcoin?

[mining1]

So ethereum has more transactions than bitcoin ( probably atleast 50% times more, if you include the tokens that aren't taken into account ), more volume, and i've sent a transaction that got first confirmation in ~15seconds.

[Xavier59]

I think there is room for Ethereum and Bitcoin to co-exists for a certain time.
Ethereum will probably surpass bitcoin market cap in the following days (only 8 mio marketcap to go !). Ethereum tokens will follow and pump too. If I had some btc available, I would split them into the top ten ethereum tokens. Ethereum will also probably become the default pair for the ethereum tokens, instead of btc. In fact, it would be more logical ...

[mining1]

There is, ofcourse. But bitcoin needs badly 2-4mb blocks and LN. And hopefully in ~2 years it's devs will be capable enough to copy ethereum's sharding, because LN isn't scaling enough, 99.999% users don't open payment channels.

Ofcourse, LN isn't yet fully tested. I think there are a few no name projects who have it, but they don't have any volume so it's hard to say wether or not is safe to use at a large scale.

[Minecache]

You can smell Spartak_nt and Spoetniktards butt hurt from here. It's not too late the jump on the ETH moonship. Flippening any day now.

[mining1]

That's okay. It still has it's memes. Bitcoin will become silver to ethereum's diamond. Sorry litecoin, you lost silver status.

http://www.flippening.watch/ says it's flippened already, just market cap is still higher.

[shyliar]

There is, ofcourse. But bitcoin needs badly 2-4mb blocks and LN. And hopefully in ~2 years it's devs will be capable enough to copy ethereum's sharding, because LN isn't scaling enough, 99.999% users don't open payment channels.

Ofcourse, LN isn't yet fully tested. I think there are a few no name projects who have it, but they don't have any volume so it's hard to say wether or not is safe to use at a large scale.

You present sharding as if it's better yet in other posts claim you are a non-technical person. So how can you make these claims without understanding how it works? Even a layman is capable of understanding that as you break the Ethereum network into smaller and smaller components that security drops substantially. If network activity increases (or scales with more transactions being required) breaking it into smaller and smaller components would be required to keep up. Less and less security in what is supposed to be a trustless system. The "supernode" in this system is nothing more than a form of inefficient centralization. And a much weaker form of centralization because of poor security at lower level nodes.

I get it. Sharding is a fun experiment and might be useful on smaller private blockchains. Claiming it's the final answer though, while dismissing solutions such as the Lightning Network seems somewhat disingenuous. Especially when you admit that you lack the technical skills to understand either.

[mining1]

Because it makes sense even to a non technical person. Currently, all blockchains are single threaded, where all nodes verify all transactions. In sharding a number of nodes verify each transactions and not all of them. Easy. It only sucks if there are too few nodes, it's not the case. Currently ethereum has 35k nodes, that's 5 times more than buttcoin. Seriously speaking, today even ~1k nodes are enough today if they are spread in many countries.

Also the security is kept up in place by incentives. You can't attack unless you know you have 51% or you lose everything. And ethereum in casper can recover from 51% attacks, pow systems like bitcoin can't. Wether or not sharding will work it's about wether or not they find a good balance between tradeoffs. Even without sharding ethereum can scale well, although not as good according to Vitalik. And yes, i do trust more what Vitalik says that btc trolls. Casper was demoed with ~3.5sec block times many months ago.

[lizardbtc]

Because it makes sense even to a non technical person. Currently, all blockchains are single threaded, where all nodes verify all transactions. In sharding a number of nodes verify each transactions and not all of them. Easy. It only sucks if there are too few nodes, it's not the case. Currently ethereum has 35k nodes, that's 5 times more than buttcoin. Seriously speaking, today even ~1k nodes are enough today if they are spread in many countries.

Also the security is kept up in place by incentives. You can't attack unless you know you have 51% or you lose everything. And ethereum in casper can recover from 51% attacks, pow systems like bitcoin can't. Wether or not sharding will work it's about wether or not they find a good balance between tradeoffs. Even without sharding ethereum can scale well, although not as good according to Vitalik. And yes, i do trust more what Vitalik says that btc trolls. Casper was demoed with ~3.5sec block times many months ago.

Just wait for ethereum blockchain to grow and see how many people will be willing to run a node that will require like 1TB. Yes one TB is not to much but it is for a regular consumer who don't give a damn about the technology behind it. It doesn't matter if ETH take over I will still be happy with my BTC as for me ethereum foundation has stacked up a pile of ether  when they release the POS which is richer getting richer scheme they will just accumulate more...

Anyway cryptocurrency is far away from becoming main stream if it is ETH or if it is BTC I don't care. People are seeing it as a way to profit and profit is all, some "early adopters" don't exchange to fiat because they have tons and tons but rather they are looking for ways to spend the amount that they have and to accumulate more. Crypto currency is still far away for "ordinary people" everyone loses backups when they don't want to as there is no 3rd party authority it is easy to lose your funds + newcomers are not aware that transactions can't be reversed. Idea like idea is great but again neither ETH nor BTC have solutions in my opinion to get closer to ordinary people that want everything to be easy. Adding to that that both blockchains will just grow which will result that only centralized places will run 24/7 or full nodes.

ETH doesn't solve a damn, yes it has smart contracts, yes fees are lower, yes blocks are faster but still it ain't some super tech stuff that we need. It was designed to be a decentralized supercomputer in a way. But it still have some bugs and some major issues that need to be taken seriously. Time will tell and we will see which one has higher market cap. But for me to use it more often it will need to have a stable price as this is one of the things that I don't like about crypto currency - to be stable so that I can be confident to use it. Not to be used to speculate ETH has risen very fast which ain't good if I am customer and if I buy something today for lets say 0.5 ETH tomorrow it will be worth 0.3ETH this problem even BTC haven't solved because it simply can't go against the markets as people see it to profit and as an asset rather than as a real currency.

Problem is not the market cap, the problem is making it usable and for it to go mainstream if that is what we all aim for to have a decentralized currency that we can all trust.

[shyliar]

I don't disagree that Vitalik is smart. You made a claim that the Lightning Network won't work. It's like you're dismissing a lot of other smart people who are working on that. In the same  sentence you dismissed "99.999%" of users as if they can't open a payment channel (do you think most folks are stupid? maybe that's not even a question that needs asking.). That will likely be automated for example a retailer's payment address could make it self evident that it's via the Lightning Network and the wallet will automatically send it that way. The user won't care about how it was sent, just that it cost next to nothing in fees.

I understand that you're invested in ETH; but, dismissing Lightning technology because you don't get it doesn't add to your argument.

You quote the number of nodes as if they will continue to be online. The number of nodes was higher for BTC and LTC were much higher when mining with GPUs. Simply because almost anybody with a opencl capable video card could mine. Going to POS will reduce the number of nodes considerably.

Sharding is cool; but, the "super computer"will still be hundreds of times slower than a cell phone. The ETH community claims that 1000s of DAPPs will run on that slow computer, that ETH can act as a world currency, that lawyers can be replaced with smart contracts and many other concepts. There have been several examples of the Network slowing to a crawl lately and that is without a single popular DAPP in existence. Even with sharding the network will never be able to run more than a handful of DAPPs if any ever become popular.

I've always agreed that Ethereum the Platform is interesting technology. So are its many competitors. It will be useful for some international businesses to work together on a private blockchain. The claims made for the potential of the ETH token and public chain are almost criminal though. Lot's of non-computer literate people have been sucked in by that.

[spartak_t]

Vitalik is smart, but he made some stupid decisions (i.e. "advising" number of ETH based projects). Now he's tweeting he will no longer do it and that he didn't took a cent from most of them, but this is not important (and I personally don't care). Hypocrisy at its finest! Make 10s (or maybe even 100s) of millions $, then act you're not the bad guy here. If some of them turn into scams (or do some bailout like the EF foundation did with The DAO), then it's ALL ON HIM and him only. He said that he can help them if he makes Ethereum better. HEEEELLOOOOOOOOOOOOOOOOOOOOOOOOOOOO?! THAT'S THE MAIN POINT, MR. BUTERIN! But instead YOU choose to give them free "advises", which eventually may cost millions (if not billions) of $ to the masses.

I will say it again - I don't like Ethereum, because of what it is - a machine to make some people millionaires. A token (or whatever) fueled by bunch of market manipulators and a gas for 105 Million ICOs. 

[canvan]

I will say it again - I don't like Ethereum, because of what it is - a machine to make some people millionaires. A token (or whatever) fueled by bunch of market manipulators and a gas for 105 Million ICOs. 

This is the same for bitcoin and every single altcoin. I would say less than 1% of people buy any crypto for its usecase they all buy it to become millionaires.

[spartak_t]

I will say it again - I don't like Ethereum, because of what it is - a machine to make some people millionaires. A token (or whatever) fueled by bunch of market manipulators and a gas for 105 Million ICOs. 

This is the same for bitcoin and every single altcoin. I would say less than 1% of people buy any crypto for its usecase they all buy it to become millionaires.

That's not my point. If you develop/participate in some currency and have some stable growth over the next few years and you make you some money out of it - then, in my views - its all good. 

[Zadicar]

I will say it again - I don't like Ethereum, because of what it is - a machine to make some people millionaires. A token (or whatever) fueled by bunch of market manipulators and a gas for 105 Million ICOs. 

This is the same for bitcoin and every single altcoin. I would say less than 1% of people buy any crypto for its usecase they all buy it to become millionaires.

1% is too much actually on counting on those people who do buy all altcoins that do launch or new on the market and this is real because they do really hope that they wont miss again the train on becoming a millionaire.Its still okay as long you do have the money to spent on. Speaking on the topic,ETH have really progress as of now compared to previous year and it do really happen just like on bitcoin too.

[canvan]

I will say it again - I don't like Ethereum, because of what it is - a machine to make some people millionaires. A token (or whatever) fueled by bunch of market manipulators and a gas for 105 Million ICOs. 

This is the same for bitcoin and every single altcoin. I would say less than 1% of people buy any crypto for its usecase they all buy it to become millionaires.

That's not my point. If you develop/participate in some currency and have some stable growth over the next few years and you make you some money out of it - then, in my views - its all good. 

So why isn't it the same for Ethereum? I mean it has definitely exploded in growth hasn't it? Isn't it the same as bitcoin did previous when it was still the new thing?

[spartak_t]

Comparing Ethereum with Bitcoin only proves you're not getting it...