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Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

nytimes.com

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Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#11

Post by curiousgal »

segmondy wrote: post #6

Unlike stocks which are regulated and you are not suppose to promote if you already own some. There is no such thing for crypto currency. I always view every article promoting digital currency like a pump and dump scheme.

As a third world citizen, Bitocin is godsent to me, never have I been able to purchase stuff online and pay for books and services like a normal 21st century human being. the feeling of being connected in that way to the rest of the world is priceless and I owe it all to Bitcoin.

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#12

Post by bowmessage »

censoredforlife wrote: post #2

No it is not, and as far as crypto is concerned - mainstream media is almost always wrong. This really reads like PR for vitalik. Eth is great as a developer platform, and it can/does have a future. However, btc will remain the true king because of its decentralized nature.

nice bitcoin maximalism

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#13

Post by skybrian »

curiousgal wrote: post #11
segmondy wrote: post #6

Unlike stocks which are regulated and you are not suppose to promote if you already own some. There is no such thing for crypto currency. I always view every article promoting digital currency like a pump and dump scheme.

As a third world citizen, Bitocin is godsent to me, never have I been able to purchase stuff online and pay for books and services like a normal 21st century human being. the feeling of being connected in that way to the rest of the world is priceless and I owe it all to Bitcoin.

What bookstores do you buy from that accept bitcoin?

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#14

Post by diego »

skybrian wrote: post #13
curiousgal wrote: post #11

Earlier quoted context omitted.

As a third world citizen, Bitocin is godsent to me, never have I been able to purchase stuff online and pay for books and services like a normal 21st century human being. the feeling of being connected in that way to the rest of the world is priceless and I owe it all to Bitcoin.

What bookstores do you buy from that accept bitcoin?

You can buy gift cards for lots of major retailers with bitcoin. You can even buy from amazon via purse.io.

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#15

Post by AlwaysBCoding »

computerwizard wrote: post #4
censoredforlife wrote: post #2

No it is not, and as far as crypto is concerned - mainstream media is almost always wrong. This really reads like PR for vitalik. Eth is great as a developer platform, and it can/does have a future. However, btc will remain the true king because of its decentralized nature.

Ethereum has over 4.5x as many full nodes as Bitcoin, how is it more decentralized?

Bitcoin also only has one client with one development team whereas Ethereum has multiple clients with multiple development teams. Tell me more about that legendary Bitcoin decentralization.

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#16

Post by roymurdock »

curiousgal wrote: post #11
segmondy wrote: post #6

Unlike stocks which are regulated and you are not suppose to promote if you already own some. There is no such thing for crypto currency. I always view every article promoting digital currency like a pump and dump scheme.

As a third world citizen, Bitocin is godsent to me, never have I been able to purchase stuff online and pay for books and services like a normal 21st century human being. the feeling of being connected in that way to the rest of the world is priceless and I owe it all to Bitcoin.

Does the fluctuating value change how you spend or keep your Bitcoin at all? Do you convert and cash out quickly after every transaction? Haven't come across many on HN who actually use Bitcoin as tokens of exchange.

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#17

Post by kbody »

computerwizard wrote: post #4
censoredforlife wrote: post #2

No it is not, and as far as crypto is concerned - mainstream media is almost always wrong. This really reads like PR for vitalik. Eth is great as a developer platform, and it can/does have a future. However, btc will remain the true king because of its decentralized nature.

Ethereum has over 4.5x as many full nodes as Bitcoin, how is it more decentralized?

This is a common argument, but the state is quite different.

Ethereum has supposedly 34k nodes, which includes light-nodes which merely hold the last state of the blockchain, that is not a full-node and heavily reduces the trustlessness and security of a cryptocurrency. Light-nodes are closer to an SPV than a Node. I haven't seen any source reporting only full-nodes which would be the proper comparison.

On the other side the number ~7.5k nodes popup for Bitcoin, but that's wrong as well. Those are the full-nodes that are listening for new connections publicly. Not all the nodes of the Bitcoin network.

Following [1] you can see the data from a seed DNS node of Bitcoin, which shows a number closer to reality which is 86k of actual full-nodes.

[1]: http://luke.dashjr.org/programs/bitcoin/files/charts/softwar...

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#18

Post by narrator »

willitpamp573 wrote: post #3

Ethereum is an obvious ponzi pump and dump scam. I like how they frame the DAO hack as an opportunity for growth rather than a gross display of incompetence followed by a breaking of the original promise of immutability of the platform, which is what it was.

Immutability is really the key to the whole cryptocurrency system. Unlike every previous currency system that has existed, duress can not be used to have a transaction reversed.

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#19

Post by gnodar »

diego wrote: post #14
skybrian wrote: post #13

Earlier quoted context omitted.

What bookstores do you buy from that accept bitcoin?

You can buy gift cards for lots of major retailers with bitcoin. You can even buy from amazon via purse.io.

A lot of people use cash to buy giftcards, in order to pay for bitcoin anonymously. So now it's cash -> giftcard -> bitcoin -> giftcard -> physical thing. The future is odd.

Re: Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

#20

Post by 2_listerine_pls »

kinghajj wrote: post #9
willitpamp573 wrote: post #3

Ethereum is an obvious ponzi pump and dump scam. I like how they frame the DAO hack as an opportunity for growth rather than a gross display of incompetence followed by a breaking of the original promise of immutability of the platform, which is what it was.

https://www.reddit.com/r/ethereumfraud/comments/6bgvqv/faq_w...

care to post a TLDR?
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