[ANN] Ethereum: Welcome to the Beginning

[dumpsterhawk]

I started stop believe in Ethereum long time ago since years, although i don't think it's a shitcoin. No it's not by all means. You can either compare Ethereum to other major cryptocurrencies to see that there is already real use cases for EVM to create and lunch smart contracts at top of the blockchain and Eth is the network token used to perform actions within. Or just see how well eth is doing in the trading market considering how big is its marketcap and how many holders and miners nodes.

It is a shitcoin built on fraudulent promises. It did not deliver anything that it was promised to be. Just because it is being used in some ways that does not make it any less of a shitcoin. The overall quality of the project is terrible, and that is the main metric for determining whether it is a shitcoin.

Do people not remember the promises where smart contracts will change the world and make everything into an utopia? So what happened? Most of the smart contract usage are for DeFi and other on-chain activities such as fundraising for scams. Very little of the usage has any world impact. By creating a blockchain with smart contracts, they created a problem that needed solving: DeFi. Most ETH fans were sold the solution to a problem that the founders of this chain created, and they bought it like gullible little children sipping their tasty kool aid.

Not even 1% of transactions are dealing with anything related to the real world.

[Kavelj22]

I started stop believe in Ethereum long time ago since years, although i don't think it's a shitcoin. No it's not by all means. You can either compare Ethereum to other major cryptocurrencies to see that there is already real use cases for EVM to create and lunch smart contracts at top of the blockchain and Eth is the network token used to perform actions within. Or just see how well eth is doing in the trading market considering how big is its marketcap and how many holders and miners nodes.

It is a shitcoin built on fraudulent promises. It did not deliver anything that it was promised to be. Just because it is being used in some ways that does not make it any less of a shitcoin. The overall quality of the project is terrible, and that is the main metric for determining whether it is a shitcoin.

Do people not remember the promises where smart contracts will change the world and make everything into an utopia? So what happened? Most of the smart contract usage are for DeFi and other on-chain activities such as fundraising for scams. Very little of the usage has any world impact. By creating a blockchain with smart contracts, they created a problem that needed solving: DeFi. Most ETH fans were sold the solution to a problem that the founders of this chain created, and they bought it like gullible little children sipping their tasty kool aid.

Not even 1% of transactions are dealing with anything related to the real world.

It's an emerging market, eth is a shitcoin considering he didn't realize all his promises, yes. It's value always depends on trading market? Yes. But it still doing well with other few altcoins that have no use cases in real life. Eth is a trading instrument? Yes and even a bridge for other networks to be also trading instruments. Etherem failed even to be a trading instrument.

[BayAreaCoins]

Looking for anyone willing to list ETH on the https://altquick.com/exchange/market/Ethereum market.

I sold the last of my ETH at +10%.

List your own rate.  Thanks!

[Branko]

I started stop believe in Ethereum long time ago since years, although i don't think it's a shitcoin. No it's not by all means. You can either compare Ethereum to other major cryptocurrencies to see that there is already real use cases for EVM to create and lunch smart contracts at top of the blockchain and Eth is the network token used to perform actions within. Or just see how well eth is doing in the trading market considering how big is its marketcap and how many holders and miners nodes.

It is a shitcoin built on fraudulent promises. It did not deliver anything that it was promised to be. Just because it is being used in some ways that does not make it any less of a shitcoin. The overall quality of the project is terrible, and that is the main metric for determining whether it is a shitcoin.

Do people not remember the promises where smart contracts will change the world and make everything into an utopia? So what happened? Most of the smart contract usage are for DeFi and other on-chain activities such as fundraising for scams. Very little of the usage has any world impact. By creating a blockchain with smart contracts, they created a problem that needed solving: DeFi. Most ETH fans were sold the solution to a problem that the founders of this chain created, and they bought it like gullible little children sipping their tasty kool aid.

Not even 1% of transactions are dealing with anything related to the real world.

By your definition, BTC is even worse shitcoin

[Sourgummies]

What is wrong here. How many years is the price going to be stagnant?  Can Vitalik do something already???

[jumptheramp]

What is wrong here. How many years is the price going to be stagnant?  Can Vitalik do something already???

Sure, if by something you mean dump some more from the ETH Foundation.

[Sourgummies]

What is wrong here. How many years is the price going to be stagnant?  Can Vitalik do something already???

Sure, if by something you mean dump some more from the ETH Foundation.

No I mean by developing something the world will want to use. its 2026 almost and bitcoin is around 100K mark. eth is a joke and needs to be taken more seriously but first VB needs to develop something special and im not talking about a girlfriend.   

[hypebrother]

POS is proof of stake

Not piece of shit

It's not a proof of anything, but a proof of big brain too

[energy_xxx]

ETH is Vitali's money, not mine. It's against crypto and not community-oriented.
Can even someone holding 0.00001 ETH participate in the POS system? No. Can the community decide on the supply situation? No. Then ETH is Vitali's money, not community-oriented.


The only thing remaining true to its original form is XMR; even BTC has become a place where whoever pays the piper calls the tune.

[Kavelj22]

ETH is Vitali's money, not mine. It's against crypto and not community-oriented.
Can even someone holding 0.00001 ETH participate in the POS system? No. Can the community decide on the supply situation? No. Then ETH is Vitali's money, not community-oriented.

Compared to other networks designed to develop smart contracts in the blockchain, EVM declined significantly to leave the place for BSC and few other networks combined together to take a great share of the market. Since a longtime, and after confirming the real problems of Ethereum (the one you mentioned are the most important), Ethereum keep his status in the market mainly as a trading instrument that can be manipulated by many entities (traders,miners,devs...).

No way to compare Ethereum with other cryptocurrencies. Each of them has his own problems related to different aspects, but Ethereum is fully decision centralized which made him far from the principles of the blockchain concept.

[KeyserSozeMC]

Has anyone managed to recover their lost ICO funds yet?

I lost 200+ ETH, can't remember the correct number.

I never received the e-mail from the foundation. I was using 3 e-mails back then, checked them all, all folders, all possible locations.
I sent an email to the foundation, was posting in the og ethereum forum, but never heard back from anyone.

[jokers10]

Claudia Biancotti from Banca d'Italia made a report "What if Ether Goes to Zero?" and calculated that this risk can cause over 800 billion losses. If not to focus on the number of losses, the scenario Claudia Biancotti made can be a vulnerability for any open blockchain: for one reason or another the coin's value could plummet and make minters make a decision of no longer supporting the chain and their nodes and selling their coins from the stake. This could trigger a cascading effect and lead to next dumping of the coin price and making 51% type attack cheaper and easier. Given that Ethereum operates multiple tokens with own rates besides ETH, all that in general can be compromised, so potential plummet of the price of ETH can cause a significant plummet for a huge part of crypto market.

Of course this is just a potential scenario and I even think that this scenario has very low probability. But it looks interesting anyway and makes you think...

[Kavelj22]

Has anyone managed to recover their lost ICO funds yet?

I lost 200+ ETH, can't remember the correct number.

I never received the e-mail from the foundation. I was using 3 e-mails back then, checked them all, all folders, all possible locations.
I sent an email to the foundation, was posting in the og ethereum forum, but never heard back from anyone.

Which loss are you referring to? Did you lost 200 eth during ICO phase? I had never heard about this incident before. Neither that the foundation compensated who lost eth during phase ICO.
If you lost 200 eth, how much did you earn back then? It's a 10+ years story if you saved just one eth from that stage, you have been recovering the value loss.
I wouldn't search about your narrative as you didn't provide any reference link. The red trust in your profile rises red flags about believing your story.

[Antona]

In my opinion, the idea of giving most coins to the investors, instead of miners, is just plain stupid. This is not the proper way to distribute a currency. It is not fair.

Maybe, but also a chance to see how that would go for a change

[rat03gopoh]

What is wrong here. How many years is the price going to be stagnant?  Can Vitalik do something already???

He finally did it. whether you like it or not, you have to accept the truth, https://x.com/i/status/2019305200444485950
Vitalik Buterin sold about 2,961 Ether worth $6.6 million over a three-day period.

If you think this is a joke, he is indeed a clown in this bear market. 🤣

[zasad@]

You wouldn't wish this on even your worst enemy.
https://etherscan.io/tx/0x3663acb66bf2aa2ba7a5cfd47e7c0d605375016a57e91887086c0a113825c09e

[hypebrother]

What is wrong here. How many years is the price going to be stagnant?  Can Vitalik do something already???

He finally did it. whether you like it or not, you have to accept the truth, https://x.com/i/status/2019305200444485950
Vitalik Buterin sold about 2,961 Ether worth $6.6 million over a three-day period.

If you think this is a joke, he is indeed a clown in this bear market. 🤣

I don't mean to poop on you, but nobody's afraid of "The" share market..

ETH IS BUILT FOR GREATER THINGS..than his pp.

[yoshikiazuma]

What is wrong here. How many years is the price going to be stagnant?  Can Vitalik do something already???

He finally did it. whether you like it or not, you have to accept the truth, https://x.com/i/status/2019305200444485950
Vitalik Buterin sold about 2,961 Ether worth $6.6 million over a three-day period.

If you think this is a joke, he is indeed a clown in this bear market. 🤣

I don't mean to poop on you, but nobody's afraid of "The" share market..

ETH IS BUILT FOR GREATER THINGS..than his pp.

yes i agree with you too, for the greater reach to the stars

[JollyGood]

I cannot see a situation where Ethereum falls to zero but that does not mean it is impossible. Keeping that aside, even with the current market in massive decline (compared to how it was a few months ago), did anybody ever think Ethereum would be worth just $2000 today?

If Ethereum had managed to retain a good price when Bitcoin was trading for over $100,000, it would probably be in a much better position today. I think Ethereum investors are paying the price for the lack of growth when Bitcoin and other crypto was booming.

Claudia Biancotti from Banca d'Italia made a report "What if Ether Goes to Zero?" and calculated that this risk can cause over 800 billion losses. If not to focus on the number of losses, the scenario Claudia Biancotti made can be a vulnerability for any open blockchain: for one reason or another the coin's value could plummet and make minters make a decision of no longer supporting the chain and their nodes and selling their coins from the stake. This could trigger a cascading effect and lead to next dumping of the coin price and making 51% type attack cheaper and easier. Given that Ethereum operates multiple tokens with own rates besides ETH, all that in general can be compromised, so potential plummet of the price of ETH can cause a significant plummet for a huge part of crypto market.

Of course this is just a potential scenario and I even think that this scenario has very low probability. But it looks interesting anyway and makes you think...