How can anyone block coins or transaction in blockchain ?!

[pooya87]

For now, the 2 main implementations of ETH are DeFi and ICO, which failed imo.

They are not 2, there is only 1 and they keep changing the name while doing the same exact thing: ICO, IEO, STO, DeFi, NFT,...
They create a useless token that has absolutely no connection to anything including the business and people who create it and sell it to people to raise funds. That's all.

About ICO, they are an interesting concept. Smartcontracts controlling the fund raising, receiving Tokens back when you transfer eth and so on..

It is not and for a very simple reason: there is no connection between the token and the business.
Let's say you are running a gambling site and create a token to raise funds and expand your business. If your business fails and you have to shut it down the token can still be pumped and have increasing value. Conversely if your business thrives and you make millions the token can get  dumped and reach 0.
So what did these "share holders" gain by buying that ICO token? Nothing! They could have bought any other pump and dump coin.

The "smart contract" smartness and contractual characteristics start and stop at the fund-raising stage.

Just look at so many ETh copy-cats we have

The reason for copycats is simply because ICO scam was successful and both the ICO scammers and the platform owners (aka ETH foundation holding the 72 million premine) make millions. So obviously other people want in and to do that they create their own "smart contract" platform.
Funny thing is that some of these alternatives are so much better and safer than Ethereum even though people who claim "smart contracts" are interesting ignore them just because they aren't as pumped as ETH is!

The idea of running decentralized Apps (dApps), which are applications that once running cannot be stopped by anyone, is very interesting and has a lot of potential.

Well, each time I ask someone who makes this statement to show me an actual application that is working in real world they either can't or show me the "token swap" projects where you can trade one ICO token for another ICO token! So I don't see any potential there.

For now, Bitcoin is certainly the best bet. Bitcoin was able to do what is in the whitepaper almost 12 years ago: Censorship resistant, decentralized, open, borderless, cannot be shut down, etc.

Exactly. Bitcoin is good because what it promised to deliver was useful and solved some actual problem in the actual world and most importantly it delivered on that promise.

[hd49728]

They are not 2, there is only 1 and they keep changing the name while doing the same exact thing: ICO, IEO, STO, DeFi, NFT,...
They create a useless token that has absolutely no connection to anything including the business and people who create it and sell it to people to raise funds. That's all.

Kinda agree with you. ICO, IEO, STO, DeFi are rebranded names for different trends in different years. Instinct is the same. Built for scammers to steal fiat and bitcoin from greed, naive investors.

DeFi, is it different than Staking/ masternode trend in 2018? Many people lost money from Staking/ masternodes and now they forgot pass losses to join DeFi.

Well, each time I ask someone who makes this statement to show me an actual application that is working in real world they either can't or show me the "token swap" projects where you can trade one ICO token for another ICO token! So I don't see any potential there.

Swap on DeFi is to help those operators collect as much money from fees as possible. Who cares the value of tokens on their DeFi? Even they don't care about it.

[posi]

Stay away from low value master node coin which could later scam investors have nothing to do with stay away from all master node project but due to the fact almost all master node coins go from grace to grass, the best way to advice a newbie is to stay away from master node project because newbies will not understand the features the look out for before choosing a master node base project.

Beginners should stay away from all the altcoins not just masternode coins because almost all of them are useless specifically the top 20 altcoins that are the most hyped up and most terrible coins created for pump and dumps.

I understand the hype base of the altcoin market make it hard for investors to understand the altcoin that performs genuinely well in the market but if we are talking about altcoin that included ETH which was another project that introduced new features to the crypto sphere (through the smart contract/dApp scheme) and I consider it not to be among the terrible coins you said.

ETH is not just bad it is the worst because it doesn't have the fundamental characteristics of a cryptocurrency and it was never capable of delivering any of the promises it made: decentralization, immutability, utility, security, cheapness,... none of them exist in ethereum!

You say "smart contracts" but have you ever seen even a single one that has any utility in real world? Of course not because the only usage of Ethereum and its smart contracts is to create useless tokens to raise funds and scam people. So it remains the most useless cryptocurrency of all times.

I understand the ETH team mess up big time by not delivering to their promise but it what it is people make promises and never keep and it just like how we see it in the politician when they are campaign they make empty promises but when they win the vote story change.
However, we need to understand that everything will never be perfect and if Satoshi don't leave the Bitcoin duties to the communities I'm sure some individual will still complain that he's not doing the right thing.

Compare that with bitcoin or even a useless altcoin such as Doge for example, they solve a problem in real world. People can use bitcoin to transfer money in a decentralized way that noone can censor. They tried calling ETH a currency when it was failing back in 2017 but since its fees shot up higher than bitcoin's that scheme also failed.

It not proper to compare Bitcoin with my crypto because Satoshi create the project in a selfless way and no altcoin team can do that  but respect the project team (ETH) for introducing something new that's what one of the thing I usually look for a new project.

For now, the 2 main implementations of ETH are DeFi and ICO, which failed imo.

They are not 2, there is only 1 and they keep changing the name while doing the same exact thing: ICO, IEO, STO, DeFi, NFT,...
They create a useless token that has absolutely no connection to anything including the business and people who create it and sell it to people to raise funds. That's all.

Agreed the project and what we're seeing is just a change of name and platform but ETH never introduced ICO, it only introduce smart contract and dApp. If boy of 19years smoke narcotics we can't blame the bar man for because it was not public advertise and it the boy that requested for it on his own.
With that been said, if Satoshi don't want the existence of altcoin he won't have make the Bitcoin source code available to the public for people to emulate it.

[longyenthanh]

If you are talking about bitcoin or another decentralized token then it's impossible to block any address. This is what decentralization is all about. There is possible in theory "attack 51%" - but someone will need to have min 51% of all network to have opportunity of manipulation in blockchain, and at this point of development it is impossible for Bitcoin.

[pooya87]

I understand the ETH team mess up big time by not delivering to their promise

There is a difference between not delivering on some promise and not having the basic mandatory characteristics. Imagine if you bought a car and it didn't have any wheels or didn't run.

It not proper to compare Bitcoin with my crypto because Satoshi create the project in a selfless way and no altcoin team can do that  but respect the project team (ETH) for introducing something new that's what one of the thing I usually look for a new project.

There are some altcoins that did the same thing as Satoshi did and also introduced new things.

ETH never introduced ICO

You seem to have forgotten that ETH itself is premined altcoin that had an ICO!

[posi]

 

I understand the ETH team mess up big time by not delivering to their promise

There is a difference between not delivering on some promise and not having the basic mandatory characteristics. Imagine if you bought a car and it didn't have any wheels or didn't run.

It will be a worse scenario.

It not proper to compare Bitcoin with my crypto because Satoshi create the project in a selfless way and no altcoin team can do that  but respect the project team (ETH) for introducing something new that's what one of the thing I usually look for a new project.

There are some altcoins that did the same thing as Satoshi did and also introduced new things.

I have never find one and what I always see in altcoin team is people who enrich their pocket. What altcoin are you saying in particular?

ETH never introduced ICO

You seem to have forgotten that ETH itself is premined altcoin that had an ICO!

I don't forget. What I am saying is that ICO was not introduced by ETH (Mastercoin was the first project to ever held ICO in July2013).