51–60 of 140 posts
Whatever that is. (It seems to be a scheme for monetizing StackOverflow rankings.[1] Or something like that. If it even exists. The web site is all pretty pictures with no content.)
Most altcoins crash after a while. See Coin Market Cap.[2]
Earlier quoted context omitted.
Prices continually rising is an argument for how this _is_ tulips. The valid counterargument would be that the tulips are largely being used for something other than trading tulips.
Tulips have SOME intrinsic value. If doomsday comes, the world is over.. a toolip can be planted outside your house and it looks a little bit more pretty. Or maybe you can eat it. Gold has SOME intrinsic value. It is very good for certain applications, I believe trace amounts are used in compute parts. Worst case you can make something shiny to look at, that will be rust proof and easy to shape. What is the intrinsic…
Between this and Fred Wilson's recent comments, it's pretty neat seeing a meme take shape right before our eyes. I'm not saying this article is wrong, but that it offers little substance. My pet theory is that Ethereum will transiently surpass Bitcoin in market cap in the next weeks, triggering a 5x surge in Bitcoin's price. Ethereum will then follow, and what happens next is anyone's guess. Why do I think that? Uh..…
Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested? If those dapps are so great, why isn't there a single one that regular people are using today?
> As a “hard fork” looms, which looks set to split Bitcoin into two separate currencies that will have to fight for custody of the Bitcoin moniker This already happened to eth when the creators hard forked the chain in an effort to roll back operations of an eth application that was used in a way that the creators did not anticipate. If this didn't kill ethereum why would it be a problem for bitcoin? Fortunately for…
Indeed, it's interesting that existing applications are never cited, it's always future potential. Sounds like a great way to kick the can down the road. Invest now! Someday the network is gonna be really useful. You'll see!
However, I think I should share this because the above two comments seem to have not caught wind of it. A number of enterprise-level organizations both within and without this org are working on projects and experiments both utilizing the public blockchain and private chains using the technology.
I think there is some validity to the project that is simply not yet mainstream yet.
The coins that stand to benefit most from this are the ones traded on GDAX -- Ether and Litecoin. And Ether has the most breathless hype going for it right now. And this is the same advice I give to the non-technical people in my life who've jumped in late and don't have a Poloniex or Bittrex account to trade other coins (sign up for GDAX, balance things with a wait-and-see attitude towards August 1st).
BTW - my 89 year old farmer grandpa who can't even get wired internet at his house now has a crypto portfolio, in case you're looking for bubble indicators. (And if you ask why my advice wasn't to avoid an investment you don't understand -- well, I am bullish on crypto long term and they really wanted to get in, and view it as a gamble, so . . .)
Earlier quoted context omitted.
Tulips have SOME intrinsic value. If doomsday comes, the world is over.. a toolip can be planted outside your house and it looks a little bit more pretty. Or maybe you can eat it. Gold has SOME intrinsic value. It is very good for certain applications, I believe trace amounts are used in compute parts. Worst case you can make something shiny to look at, that will be rust proof and easy to shape. What is the intrinsic…
For ETH, that's not really true: you can use it to pay for computation on the Ethereum blockchain. The value you assign to that computation may not be very significant, but it's hard to justify the notion that it's zero.
> As a “hard fork” looms, which looks set to split Bitcoin into two separate currencies that will have to fight for custody of the Bitcoin moniker This already happened to eth when the creators hard forked the chain in an effort to roll back operations of an eth application that was used in a way that the creators did not anticipate. If this didn't kill ethereum why would it be a problem for bitcoin? Fortunately for…
The situations simply aren't analogous. At the time ethereum was still seen as speculative and didn't have another project nipping at its heals for dominance in the turing complete contracts space. But now, ethereum is nipping at the heels of bitcoin to be the dominant blockchain currency. If bitcoin falters and money starts flowing out of bitcoin and into ethereum, there is no reason to be confident that it'll retain dominance.
Earlier quoted context omitted.
Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested? If those dapps are so great, why isn't there a single one that regular people are using today?
You could say that about the internet 30 years ago...
> As a “hard fork” looms, which looks set to split Bitcoin into two separate currencies that will have to fight for custody of the Bitcoin moniker This already happened to eth when the creators hard forked the chain in an effort to roll back operations of an eth application that was used in a way that the creators did not anticipate. If this didn't kill ethereum why would it be a problem for bitcoin? Fortunately for…
Here's the ethereum proof of stake code that will go live on ethereum sometime this year: https://github.com/ethereum/research/blob/master/casper4/sim...
This is the actual production code (though of course still in draft form, under review)
> just toy applications that have no practical purpose
The UN uses an ethereum app to send aid to Syrian refugees via vouchers: http://www.coindesk.com/united-nations-sends-aid-to-10000-sy...
The ICO mania definitely contributes to this, but so does the worry about a Bitcoin split. I've read a lot about it and could not give you a coherent answer of what is likely to happen and what would be the impact if it does or does not happen. So people like me (probably in top 5% of knowledge among Bitcoin holders about the technical aspects) put holdings in other coins to wait and see. The coins that stand to bene…