Mrpumperitis
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Activity: 2716
Merit: 1075
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March 22, 2017, 03:23:32 AM
Last edit: April 01, 2017, 01:49:06 AM by Mrpumperitis |
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All these coins.
Surely, long term, what will make a coin worth a lot is if it is a limited commodity and can be
easily used by the public to buy stuff.
At the moment, ETH / ETC and other cryptos gain value by our speculation (I have small quantities)
But no one is actually buying stuff in large quantities with coins like ETH.
My understanding of ETH is that it is the network that is useful, it is a programmable network,
the coin ETH is issued as an incentive to keep the ETH Network online.
But other than that, it has no other value, except speculative.
Bitcoin's success is because people can actually buy things with it.
OK, a lot of BTC's value is also speculative, but it is a coin you can buy stuff with.
Unless you can buy things with ETH, the only reason for holding on to it, or obtain ETH is to keep the network
up and running.
I think one of the things missing from ETH and other coins is that you can't do anything with them other than
hold them for their speculative value.
Ultimately, when the masses pour in to Cryptos, they are going to want 'coins' that they can buy stuff with.
They'll have no interest in keeping the network up and running.
So most of the money will be in spendable coins, which presumably means coins issued for network
maintainence, without any effort to make them in to a currency, will be worth less.
i agree with some of your comments , you are right. However with ETH, you can create currency based tokens. example...Plutus "Waiting for merchants to accept Bitcoin and Ethereum? You don't have to! With Plutus Tap & Pay, you can pay at any NFC-enabled merchant." Plutus can do more than that too. Its still early days and anything could happen...pos switch wont be as simple as some think. |
Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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gadsden76
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March 22, 2017, 03:24:51 AM |
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All these issues with Bitcoin miners really have me hoping Ethereum will make the switch to POS soon...
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Not all those who wander are lost.
-Tolkien
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Mrpumperitis
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Activity: 2716
Merit: 1075
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March 22, 2017, 03:27:07 AM |
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Of course. XRP is another centralized coin like ETHF. If someone pumps a billion they will have a billion coin. Of course, there will be a lot of suckers dreaming of becoming millionaires and buying that coin but at the end, if they don't dump on time, they'll just be bagholders when dust settles. ive never heard of ETHF, is that a new coin?  ok , im gonna pump 1 Billion$$ into XRP.....  hopefully the suckers do become millionaires  |
Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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JoeyDaMan7
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March 22, 2017, 03:50:39 AM |
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Coinbase's GDAX adds margin trading, wouldn't this make the markets for Bitcoin and Ethereum more volatile? I guess it doesn't matter to long-term ETH holders though. So many projects coming out that use Ethereum, I had no idea how huge this would be when I read about people buying Ether last March.
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BattleField
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Activity: 62
Merit: 2
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March 22, 2017, 12:15:56 PM |
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All these issues with Bitcoin miners really have me hoping Ethereum will make the switch to POS soon...
How many PoS coins are surviving well and price goes up? |
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becoin
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Activity: 3431
Merit: 1233
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March 22, 2017, 12:18:47 PM |
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ETHF down, ETHC up. Everything goes as expected!
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LiQio
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Merit: 1002
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March 22, 2017, 12:35:35 PM |
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^
Reminds me of: "Even a broken clock is right twice a day"
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Mrpumperitis
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Activity: 2716
Merit: 1075
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March 22, 2017, 07:07:37 PM |
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xrp...cup of tea |
Technically Bitcoin is a fork and Bitcoin Cash is the original blockchain.When the hard fork occurred, people had access to the same amount of coins on Bitcoin and Bitcoin Cash.- NIST
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tomkat
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March 23, 2017, 03:15:11 PM |
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Storj also reported that users (colloquially called 'farmers') have been asked to pay increasingly high fees as a result of block size constraints on the bitcoin network. (Due to bitcoin's limited block size, those who send transactions effectively bid for space, a development driven by increased use and limited capacity). It's likely Bitcoin will resolve its own issues sooner or later, so not really sure it's good decision. |
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wallflies
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March 23, 2017, 03:53:05 PM
Last edit: March 23, 2017, 04:22:44 PM by wallflies |
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NJB18
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March 23, 2017, 03:57:06 PM |
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Great. The Ethereum network is becoming wider than ever and it will continue to do so. |
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Timeline
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Activity: 924
Merit: 1000
TokenHouse decentralized cryptocurrency exchange
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March 23, 2017, 04:16:45 PM |
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This is a really good iniative. There should be more things like this. |
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milicic
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March 23, 2017, 05:52:28 PM |
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People, please I need help. I have some coins stored at my ether wallet and today i went to the site and it says "site not found". What should I do? Is there any way to transfer my coins from that adress?
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Waticta
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Activity: 37
Merit: 0
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March 23, 2017, 05:54:46 PM |
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Great. The Ethereum network is becoming wider than ever and it will continue to do so. It seems so. I hope one day we can use it as a currecncy, not just a fuel for smart contracts. |
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milicic
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March 23, 2017, 06:27:20 PM |
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People, please...I am desperate, I dont know what to do. It still says site not found when I go to my ether wallet site. Is there any other way for me to transfer from that address to another? I have pass, key, json file...
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Conurtrol
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March 23, 2017, 06:47:12 PM |
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People, please...I am desperate, I dont know what to do. It still says site not found when I go to my ether wallet site. Is there any other way for me to transfer from that address to another? I have pass, key, json file...
https://www.myetherwallet.com/ is working for me. |
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