/biz/ - Business & Finance

>>29799444
>this was before Ethereum got hijacked by ICO scams and DeFi and reframed to the non scaling high fee "we's all gon' be richfags" narrative that made incumbents rich.

See picrelated, it's what the Ethereum webpage used to look like when things were getting started. "Crypto-fuel" my ass. . . .

>>28100511
>I mean how much more can it really fucking go up???
$100K by August, $400K by 2024, $1M by 2030.

>Do you really think this thing is going to break into the 6 figures.
Yes, unless the U.S. markets and economy implode (which will happen in the not distant future), it's not even a guess at this point. Bitcoin is an exit from the failing U.S. financial system.

>how do other cryptocurrencies even compete with bitcoin???
They don't. Even ETH was created as a way to apply smart contracts to BTC, until the market said "no, let's meme it into its own money!" See picrelated, this was the front page of the Ethereum website when Vitalik was first working on it.

>>25128009
>i'm expecting eth to go to 10k though
Really? I'm expecting ETH to go to zero after Vitalik fucks up all the wild "let's convert it to an energy-efficient POS coin!" nonsense that he's gotten into.

If not, it'll die a slow death anyway since there isn't any useful purpose for the whole "decentralized world computer" crapfest in the first place. Although he does deserve to get a CS Ph.D. out of it, I've gotta give him that much credit.

But even Vitalik knew from the start that BTC is what holds value, ETH is just for running programs, if anyone ever finds something useful to code on it. See picrelated.

>>24787878
>Facilitate the transfer of useless shitcoins between each other? So what? Token not fucking needed.
The great part was that ETH was never supposed to be some sort of huge cash grab.

> Ethereum would never be possible without bitcoin—both the technology and the currency—and we see ourselves not as a competing currency but as complementary within the digital ecosystem. Ether is to be treated as "crypto-fuel", a token whose purpose is to pay for computation, and is not intended to be used as or considered a currency, asset, share or anything else.

See picrelated. Here's the URL if anyone wants to go see for themselves.

http://web.archive.org/web/20190425122828/http://ethereum.org/ether