ETH is the grandest scam in crypto

[Anonymous No.2187727]

A lot of people are thinking "holy shit why didn't I throw 10k at this in the winter"

I'll tell you why:

>centralized
ETH team bailed out the devs when they lost $55M due to incompetence. This means they changed the natural progression of the blockchain and nothing is stopping them from doing it again.

>muh ETH alliance
Much like the XRP bank alliance, the ETH alliance is made of companies, who are using ETH source code to develop private blockchains. In return, ETH gets to show off brands and retards like you buy it and drive the price up 1000-fold. Companies are not getting on the public ETH blockchain and they never intended to.

>not capped, premined and 90M+ coins minted
ETH does not have a hardcap for the coins like Bitcoins. This means there is not a limited supply. As you collect your precious Ether, miners are going to mine a shitload, dump it on the market and keep the price low in the long run. ETH had a huge premine, which means Vitalik and his buddies could dump any moment. And finally, the number of coins is quadruple the number of Bitcoins. Which already makes the effective price of ETH around $800 compared to Bitcoin. Not counting inflation.

But don't listen to me, listen to Buterin. Who am I after all?

[Anonymous No.2187736]

yeah fuck eth i hate money

[Anonymous No.2187751]

the guy looks like a bond villain

that alone is reason I don't trust eth (but I have .95 of it soooo)

[Anonymous No.2187760]

>ETH team bailed out the devs when they lost $55M due to incompetence. This means they changed the natural progression of the blockchain and nothing is stopping them from doing it again.
This is the only part that worries me. ETH can be changed on a whim. That means everyone's money is not under their control.

[Anonymous No.2187790]

Noice. Let's hope he scams every fucking normie before dumping.

[Anonymous No.2187809]

>nocoiners trying to defend their decisions to opt out of 2000% ROI

I cashed out most of my ETH two days ago when I thought it peaked, the rest can crash to 1 cent for all I care, but at least I have nothing to regret except for not buying more last year.

[Anonymous No.2187821]

Who cares I've already cashed out my original stake just playing with profits now

[Anonymous No.2187826]

>>2187727
also don't forget that Vitalik sold 1/3 of his ETH at 20$ because even he didn't believe ethcucks were stupid enough to pump his shitcoin

[Anonymous No.2187836]

That's why always ETC >>> ETH

Oh and buy HALLO it's very cheap and good

[Anonymous No.2187846]

btc shill spreading FUD
surprised you're not promoting etc
>>2187760
unless you take eth through an exploit, your eth is safe

[Anonymous No.2187852]

>>2187826
They have done an excellent marketing campaign, I'll give them that. The frenzy is real.

[Anonymous No.2187854]

>>2187826
Source?

[Anonymous No.2187866]

>>2187727
I think ETH is groundbreaking technology but the people who say it will replace bitcoin sound like someone saying "oil will replace gold!"

ETH is great as fuel for decentralized applications, but it's not something that would make a very good, reliable store of value.

Alot of people who don't really understand the technology, along with autists who don't understand how value works think that because it has more features that must make it a superior store of value.

[Anonymous No.2187877]

considering everything is a scam, from the coins to the bronies who run them, to the community that tries to rip each other off as hard as they can, i'll be okay with whatever happens, whether $1MM btc or a giant asteroid reducing this planet to dust. trading cryptocurrencies is like a nigger stabbing you so he can rip the sneakers right off your feet, over and over every 10 minutes.

[Anonymous No.2187888]

>>2187846
>unless you take eth through an exploit, your eth is safe
How can my ETH be safe when the developers can just revoke them like The Dao scandal?

[Anonymous No.2187906]

>>2187727
>This means they changed the natural progression of the blockchain and nothing is stopping them from doing it again.
They only restored the money that was on a hackers account, which he couldn't withdraw for 30 days minimum. That's literally nothing and ETH was really small back when. If something like that happens now 100% they're not going to do this shit again.

>using ETH source code to develop private blockchains
Not true. Some of them - yes, others make dapps on ethereum pubic blockchain

>not capped, premined and 90M+ coins minted
Not gonna argue with that. That's the only thing I don't like about eth.

>miners are going to mine a shitload, dump it on the market
they're moving to POS, which makes them more interested in holding and accumulating

[Anonymous No.2187922]

once eth starts going down its going to burn
there are too many premined coins
too much uncertainty in it's future
too centralized

great people made some money on it, but it isn't going to stick around for long with so many fatal flaws

[Anonymous No.2187927]

>>2187888
You're ETH are safe in the hands of the developers, don't worry. You just need to trust them like you trust your bank.

The wonders of decentralization!

[Anonymous No.2187929]

>>2187727
>centralized
>ETH team bailed out the devs when they lost $55M due to incompetence. This means they changed the natural progression of the blockchain and nothing is stopping them from doing it again.
lmao what? The decision to revert was decided by a majority of ETH miners. This same thing that can occur on literally any blockchain.

>muh ETH alliance
mfw you didn't actually read anything about EEA objectives, which include interoperability with the public bloclchain

>not capped, premined and 90M+ coins minted
a cap is in the works, not to mention that it becomes literally a non-issue anyway once PoS rolls out

2/10 got me to respond

[Anonymous No.2187939]

>>2187727
C O P I N G
O
P
I
N
G

[Anonymous No.2187950]

ETC has more practical value than ETH
and even still it's uncertain if it's a practical implementation for a decentralized computing network

[Anonymous No.2187952]

>>2187888
are you people actually dumbfucks or is this thread intentional FUD rofl. Devs can't unilaterally make that kind of decision.

[Anonymous No.2187955]

>>2187854
https://www.reddit.com/r/ethtrader/comments/4gc85v/my_calculations_on_what_price_vitalik_sold_his/

>>2187888
why would they though?
btc had a hard fork because of an exploit that you're conveniently forgetting

[Anonymous No.2187963]

>>2187906
>hackers account

There was never a hacker. The guy didn't attack the DAO, just withdrew money following some broken contract clause the dev team had setup. The dev team couldn't swallow the loss of $55M and they fucked the blockchain.

[Anonymous No.2187974]

>>2187727
>it's an anti-ETH thread

Now I've seen everything

Good effort, but lacked conviction. I r8 0.8/8

Also
>centralized

[Anonymous No.2187976]

This thread is full of cuckcoiners who bought at ETH and now you're all butthurt because of the recent correction. Buy the dip or hang yourself. I'll be sippin champagne with Vitalik in my moon Lambo in the meantime.

[Anonymous No.2187994]

>>2187976
>who bought at ETH
should be "who bought at ATH"

[Anonymous No.2187996]

ETH CLASSIC
T
H

C
L
A
S
S
I
C

[Anonymous No.2188021]

>>2187877
harsh but fair anon

[Anonymous No.2188053]

>>2187727
It's useless OP. Ethcucks will only understand why ETH is a shitcoin when they see it's value in dollars tank and never recover. They will always be one step behind. In the meanwhile much better solutions are coming out, especially for the corporate world whose dick ethcucks like sucking so much.
Also lmaoing @ the people saying "muh POS". Sorry to burst your bubble but that's never going to happen, because Vitalik has no idea how to accomplish that without fucking up the eth blockchain.

[Anonymous No.2188068]

>>2187974
60 million premine
12 million given to developers
90 million + mined
60% premined claims it's not centralized
but PoS!? that will help out centralization LOL
no solid plan on when to go to PoS/no working PoS designed or being tested

I can keep going

[Anonymous No.2188099]

>>2188068
So don't buy any. What's the problem?

[Anonymous No.2188119]

>"no solid plan on when to go to PoS/no working PoS designed or being tested"
>mfw you can literally just follow its progress on the ethereum github

[Anonymous No.2188133]

>>2188099
People keep claiming it's the next big thing
I want to tell you what I think and present facts of how it's distributed

[Anonymous No.2188156]

>>2188119
how's it going what's the timeline?

also how it this good for the network when devs/premined coins dominate the stakes?

[Anonymous No.2188159]

>>2188133
Thanks for sharing your opinion anon. But it's wrong.

[Anonymous No.2188164]

>>2187751
>bond villain

Try Russian meth addict, that seems more on par.

[Anonymous No.2188201]

>>2188159
the stats are correct
but the opinion who knows it shocks me eth made it this far

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.
-ethereum.org

[Anonymous No.2188217]

>>2187727
Stay poor, anon. You literally have no idea what you are talking about.

The private blockchains interact through the public Ethereum ledger. Why would all these companies in the EEA reinvent the wheel when they are coordinating to develope the same protocol? That would make no sense, and the recent, organic growth in the price of Ether demonstrates investor confidence, corporate or otherwise.

[Anonymous No.2188260]

BTC did a similar roll-back, the other fork died instantly, unlike ETC, because BTC is EVEN MORE centralized than ETH

Companies are building private side-chains, not entirely separate networks like Ripple. There is value is interacting with the public blockchain, there is no value in interacting with the public cripple network

Not an argument. ON NOES ETH MIGHT ONLY 4x IN PRICE WHILE BTC GAINS 50% IN THAT TIME SPAN!!!1

[Anonymous No.2188308]

>>2188217
Toyota won't buy up overpriced Ether, which Joe Shmo pumped to 50x with his maxed credit card. They will use a private ecosystem, which has been stated very clearly over and over. Same with XRP and banks.

[Anonymous No.2188394]

As far as the main ETH blockchain, maybe Joe Shmo's hoarded 5 Ether will indeed move it today, but in the long term, the devs have to make sure there will be enough Ether for the network to move. The principle idea of ETH has inflation embedded and it's clearly stated on the website. It's not a speculative asset that will get rarer and rarer over time, but just FUEL, that is meant to be burned away for transactions on the blockchain. Which means the price has to be kept down artificially (or the supply up) or the network dies.

[Anonymous No.2188432]

> Companies are not getting on the public ETH blockchain and they never intended to.
really?
Can you give me more info on this?

[Anonymous No.2188476]

>>2188308
if they follow the example of jp morgan Quorum, then the transactions on the private chain STILL GET VERIFIED ON THE PUBLIC CHAIN just in a form that lets their contents stay private. This is great fud and all but read the whitepapers . Private eth chains aren't bad from what I can tell

[Anonymous No.2188596]

>>2188432
Lots of companies involved in the EEA are planning on building their own private blockchains. They have their own method of forming consensus so they don't need POS/POW. Also, privacy reasons.

However, for interacting with customers and other companies there's still a use case for using the actual Ethereum network. Think intranet vs internet.

[Anonymous No.2188607]

>>2188476
It's not a FUD.

Ether is not worth 200 bucks, nowhere near it. The network cannot be hardcapped like Bitcoin, especially if they're expecting legitimate corporate traffic. Bitcoin manages to (barely) get away with their shitty blockchain, because the network doesn't see real financial traffic, just people stashing (hoarding) and withdrawing coins as a speculative asset.

If the Ethereum public blockchain saw the corporate traffic of all those companies they are advertising put together, the network would keel over in 1 day, considering how much the fuel is being hoarded and how much of it is available (and for what price). For any kind of acceptable and affordable performance, they need to give an incentive for the hoarders to let go of their assets or simply introduce more Ether to the ecosystem. The last choice is what they have unofficially gone with.

[Anonymous No.2188708]

>>2188394

Yes, the idea is that ether will become more valuable as the network becomes more valuable (the value is basically the computability platform, and all of the other tokens and dapps running on it). However, there value will end up stabilizing around how valuable and expensive the dapps are to run, and how much people are willing to pay to run and use dapps. At the current state ether is overvalued since the network isn't that valuable (I don't know of any valuable dapps yet, do you?), but who knows, the network is growing and growing, as we can see with all of these ICOs that are built on top of ethereum... and they cost gas to run. If it reaches critical mass and starts displacing massive amounts of existing infrastructure, the price of gas goes up, BUT when it gets too expensive the less people start building on the ethereum network, then the price should go down. I think its right that they haven't really capped ether yet, since they need to keep the price down so people adopt the platform more to build dapps (which in their vision is what is valuable)

Apart from the ether price, part of me wonders if the ethereum VM is really just oversold and not very useful, and that blockchains are basically just useful as a store of value (bitcoin). Since ether as a tradable token is basically a better version of bitcoin in many ways, and since ether is being used as such, and there aren't any valuable dapps, maybe ethereum should just be a bitcoin replacement. If that's the case, then ethereum's value should be in the token, rather than the network, in which case it should be capped, or at least have some schedule built in (like inflation rate, etc). If dapps prove themselves to be valuable, then the price of ether should come down in the shorter term.

The economics at play here are pretty amazing. Ethereum is so open, that I think the devs may have designed something that's not being used in the way it was meant to be used.

[Anonymous No.2188760]

>>2187996
ETC was a great buy for me. It's propping up my other bags so overall I'm still close to where I was 2 days ago.

Most alts are struggling.... iT'll be interesting to see what happens after this

[Anonymous No.2188797]

>>2188708
>BUT when it gets too expensive the less people start building on the ethereum network, then the price should go down

There is literally nothing in place to make this happen. All people see is 90M corporate fuel tokens in existence until the rest of eternity, I can get one, I will be rich. Due to the pseudo cap, which lures in more investors, the network is utterly disabled before it ever even got going. As long as Ethereum is hoarded, it will never work. As long as there is a cap (even a fake one) on the amount of Ethereum, people will always hoard. This means the price will keep going up, in the meanwhile crippling the network, even if it's dogshit in practice.

[Anonymous No.2188839]

And did I mention, the corporate traffic is not even on the public chain. It will be the shitcoins, dapps and Joe Shmo's exchange transaction that get dicked as a result.

[Anonymous No.2188872]

>>2188797

Right, but when the network is crippled people won't want to use it anymore, then people sell ether, price goes down, network becomes cheaper to run and starts performing better. It's a delicate balance of incentives, and I think people are too thick to understand what ether really is at this point. I admit it took me a while.

[Anonymous No.2188882]

>>2187727
In the mean time my monthly mining profits have tripled . Literally doing nothing and collecting $2400 a month.

[Anonymous No.2188915]

>>2188872
>when the network is crippled people won't want to use it anymore, then people sell ether, price goes down, network becomes cheaper to run and starts performing better

Do you even realize how retarded this sounds? What corporation will run anything on a network that performs on this principle? Oh yeah, they don't even intend to.

Did I mention Ether will still be hoarded even if the network completely stops working completely because muh real life partyhats and muh smart contract revolution?

[Anonymous No.2188978]

>>2188882
did you cash out any eth yet? Mind to share screenshots?

[Anonymous No.2189004]

>>2187727

You don't realize that eth is the apple of cryptos?

Why do you think they partner with so many reputable brands?

It's to appeal to the average person.
ETH is a good investment, even if you don't like their practices.

[Anonymous No.2189041]

>>2188915

Yes, which is why in my post above I said that ethereum may just end up being used as a better bitcoin, which is basically how its being used now since the market is deciding that. That's not the dev's goal though, so they are stuck between market demand and their project goals.

As far as ethereum being a crippled network, any blockchain is fucking expensive to run in terms of money and computing power. That's the tradeoff of blockchain and consensus. You get decentralization and security at the expensive of money, performance, and ease of use.

Sometimes I wonder if bitcoin is the only good use of the blockchain, and the other projects are just trying to jam a square peg into a round hole.

[Anonymous No.2189077]

>>2189004
the ethereum technology is appealing to these brands, not the eth. Can you explain to me how the value of eth is vital to the ethereum technology?

[Anonymous No.2189079]

>>2189004

Until people recognize what is the point of using a slow-ass blockchain versus running proprietary software on your servers if it doesn't have immutability.

[Anonymous No.2189084]

>>2187877
this fucking post is too accurate.the community will fuck itself before half of us can make it to lamboland

[Anonymous No.2189121]

>>2189077

Oh my god, you people are so fucking stupid. Yes, this is the model of most sucessful open source companies. So what? How do you think linus makes money on linux when his product is free? How do you think Mozilla makes money when firefox is free? Jesus christ, its like you fucking idiots know nothing about tech business/startups because you are all children.

I don't know why I even bother coming here.

[Anonymous No.2189215]

>>2187727
Redpill me on ETC

[Anonymous No.2189292]

>>2189215
Same fundamental flaws - Ether the fuel of the network is hoarded and vaulted away by randoms as a speculative asset, making the network slow and expensive.

Even less people are interested in actually using the blockchain. It's also behind ETH in development and the (reddit) community has even more influence over the future of the coin. But overall it's less of a shitcoin and especially with the recent shilling wave, it (the fuel) is still grossly overpriced for what it is - essentially a prototype for what could be useful technology in the future.

[Anonymous No.2189322]

>>2189215
here you go

[Anonymous No.2189361]

>>2187727
Holy shit, I hate ETH now.

[Anonymous No.2189495]

>>2188607
>>2188708
What I'm going to say is pretty technical, so not many people know this.
Running smart contracts costs gas. Gas is not Ether, and it's not a fraction of Ether (gas is not Wei). Ether is used to pay for gas.

Miners charge people Ether based on the gas cost of a contract. The value of ether that is transferred from the smart contract owner to the miner is governed by the laws of supply and demand. If a miner spends X gas (X computational power) to execute a contract, they can ask for Y worth of ether. Note that the value of 1 whole Ether (200$) is completely irrelevant here, because a miner can ask for whatever amount of Ether in USD is a fair price for X computational power.

Example: 1 gas worth of computational power is worth 1$ (numbers simplified for convenience). We have a contract that costs 10 gas to execute. The miner executing the smart contract will ask for 10$ worth of ether. If Ether is currently worth 200$, the miner will ask for 0.05 ether. If ether is worth 5$, the miner will ask for 2 ether.

I hope you now understand that the price of 1 Ether doesn't actually matter that much.

[Anonymous No.2189558]

>>2187922
>great people made some money on it, but it isn't going to stick around for long with so many fatal flaws


Cool, are you shorting it?

[Anonymous No.2189590]

>>2187963
>There was never a hacker. The guy didn't attack the DAO, just withdrew money following some broken contract clause the dev team had setup. The dev team couldn't swallow the loss of $55M and they fucked the blockchain.

Ok, if you want to play that game

>There was never a bailout. The Ethereum devs did not force a split, just proposed a fork which majority of the miners followed in consensus. The ethereum community swallow the loss of $55M and they forked the blockchain.

See how that works?

[Anonymous No.2189603]

>>2188068
>I can keep going


Please keep going.

[Anonymous No.2189609]

>>2189322
checked n kekd

[Anonymous No.2189624]

>>2188053
>In the meanwhile much better solutions are coming out

What solutions?

[Anonymous No.2189673]

>>2189558

[Anonymous No.2189715]

>>2189495

I actually didn't know that, I mistakenly assumed gas = wei. Thanks for clearing that up, it makes me feel better about ethereum

[Anonymous No.2189721]

>>2189495
It doesn't matter how many terms you throw in, the basic principles of a blockchain remain the same.

The less ether available for the userbase, the more the miners will charge for the gas. And expensive gas is already a major problem in the network's infancy. Throwing in another variable does fuckall except make it more complicated for the dumbass investor to follow.

[Anonymous No.2189726]

>>2189721
>The less ether available for the userbase, the more the miners will charge for the gas
nigger can you not fucking READ ENGLISH
FUCK

[Anonymous No.2189734]

Are people ITT seriously trying to shill ETC?!

Don't fall for these bagholder tricks.

[Anonymous No.2189740]

>>2187996
literally obsolete, u gonna get dumped on

[Anonymous No.2189804]

>>2189715
On this page you can see how a certain amount of gas can cost different amounts of ether, which affects the transaction confirmation speed. The fast/average/cheap prices are what miners charge based on supply and demand.
http://ethgasstation.info/calculator.php

[Anonymous No.2189811]

>>2188607
>Ether is not worth 200 bucks, nowhere near it.

So are you shorting right now?

[Anonymous No.2189846]

>>2189721
You are the definition of headass.

[Anonymous No.2189853]

>>2189811
No, because I have no idea when the greater fool realizes it's dogshit.

[Anonymous No.2189867]

>price of gas is suddenly expensive
>price of gas hasn't yet adjusted to the new ether price
>gas price and ether price don't have a correlation

Duped again.

[Anonymous No.2189884]

>>2189721

I'm sure that the ethereum creators and investors are willing to subsidize the network to grow, right?

[Anonymous No.2189896]

>>2189853
this.
>>2189867
shhh, eth holders have to meme eth taht it will surpass bitcoin. There is a lot of money to be made out of the suckers. Can't wait to sell my eth for 1500$

[Anonymous No.2189921]

>>2187929
The amount of FUD and shitcoin PnD shills around here is incredible. These fags can all go fuck themselves

[Anonymous No.2189961]

>>2188308
Holy fuck, you literally ignored everything I wrote. Just because there's private blockchains, doesn't mean they won't operate with the LARGER AND MUCH MORE SECURE public Ethereum blockchain upon which all other blockchains are standardized and based.

[Anonymous No.2189998]

>>2188260
>BTC is EVEN MORE centralized than ETH

[Anonymous No.2190012]

>>2189495
Thanks for posting, based anon.

I wish these faggots had actually read the White and Yellow papers before spreading fallacies and confusing the public.

[Anonymous No.2190129]

>>2187727
Don't worry, in about three years I'll use my ETH to power an autonomous noose-making factory with a smart contract that automatically delivers them to every no-coiners house to they can finally out themselves out of their misery. I will Kek extremely hard as my autonomous drones send me feedback on the live-in hangings, which I will watch from the comfort of my self-driving Lambo.

[Anonymous No.2190254]

OP

>ETH is a scam

Me

>6000% return on my initial investment

[Anonymous No.2190271]

>>2187836
>have 100 ETH and 100 ETC
Feels pretty good lately.

[Anonymous No.2190283]

>>2187826
>he didn't believe ETH would pump anymore
If that was the case he would have sold over 50%. There is nothing wrong with profit taking, $20 coins was probably enough for him to live comfortably for the rest of his life.

[Anonymous No.2190285]

>its a scam!

if your interested in becoming rich, dont be this guy

[Anonymous No.2190416]

>>2189853
Ok, but you do realise what something is "worth" is decided by the market?

So if you think ETH is not worth $200, please give your estimation of what ETH is worth right now and the logic and mathematics behind this estimation. Thank you

[Anonymous No.2190439]

>>2187727
>Companies are not getting on the public ETH blockchain and they never intended to.

Not true at all. Many of the companies publicly stated they would be using the public blockchain alongside a private implementation of Quorum.

Good try though, buddy.

[Anonymous No.2190457]

>>2187727
>This means they changed the natural progression of the blockchain and nothing is stopping them from doing it again.

the chance this happens is 0. everyone already knows about the DAO, they wont accept a fork like that again.

[Anonymous No.2190503]

>Gas is the internal pricing for running a transaction or contract in Ethereum. At the time of writing before the launch of Frontier it is fixed to 10 Szabo, which is about 1/100,000 of an Ether.

Ether price is literally pegged to gas price

>i-its not ether, it doesn't matter if people only buy Ether to stash it away in hopes it will increase 1000x again

[Anonymous No.2190549]

>>2190439
They just parrot shit that Berry Shillbert spouts off all the time. They don't actually keep up with the EEA meetups or announcements.

I'm sure they think Toyota, ING bank, Microsoft, Intel, the national Bank of Canada, Mitsubishi and the San Francisco stock exchange are all in on this little 'scam' too. Don't worry. Their cognitive dissonance knows no bounds.

[Anonymous No.2190570]

>>2190439
Private and public ETH blockchains have as much to do with each other as ETC and ETH. Corporations would like to experiment with the private variety of course.

[Anonymous No.2190598]

>>2190549
Microsoft and Steam are both all over Linux. Does it mean anything in real life for Linux? Fuck no. Cognitive dissonance is refusing to acknowledge there won't be a usable product out of this blind money throwing.

[Anonymous No.2190656]

>>2190570
Did you just ignore what he said entirely? Multiple have already state that they want to participate in the public chain.

[Anonymous No.2190683]

>>2190598
Are you actually this retarded, or just an amazing actor?

Microsoft has already starting funding the creation of supply chain management software and implemented Ethereum tools in Azure. Amazon, FedEx, Target, Home Depot have also gotten in on the project.

Good job dodging the rest of the names I listed and pulling one out of your ass though :)

[Anonymous No.2190695]

>>2190683
Oh. Also.

Developing for/using an operating system != Developing for/using the Ethereum network

[Anonymous No.2190829]

>>2190683
Be very weary of that. Alot of large companies are just throwing money at any tech to keep investors happy. It remains to be seen who will seriously take advantage of Etherium.

[Anonymous No.2191447]

>>2188201
>token
>not currency
a distinction without a difference. why the word games? what are they hiding?

[Anonymous No.2191481]

>>2189921

[Anonymous No.2191496]

>>2191447
>what are they hiding?

The fact that they will mint way past 90M+

It's "fuel" so they can do that

[Anonymous No.2191571]

>>2188882


what are the odds of a GPU mining rig catching on fire under safe temperatures? i'm fucking paranoid

[Anonymous No.2191579]

>>2191496
It's like oil.

Great to speculate on, but you're probably not going to want to keep grandmas life savings in oil.

[Anonymous No.2191657]

>>2191579
Yeah

There is no fucking way Ethereum is going to be realized with a hard cap on total coin amount. It's going to need inflation sooner or later.

[Anonymous No.2191831]

>>2191496
Because "token" is more encompassing. A currency is just a store of value, like Bitcoin is. Ether on the other hand is both a currency and a commodity, because it can be used to power smart contracts programmed in Solidity.

All of this is information and explanations are freely available in the White and Yellow papers, no-one is "hiding" anything.

[Anonymous No.2191860]

>>2189292
Difference between Ether and gas

[Anonymous No.2191900]

>>2190570
>Private and public Ethereum blockchains have othing to do with each other

Top lel!

Do you even know what the EEA is? It's main purpose is to standardize blockchain protocol so that their private blockchains interact with the public Ethereum blockchain.

[Anonymous No.2191914]

>>2187727
is it really any surprise? once the Illuminati global elite get in on this it's ogre

[Anonymous No.2191935]

>>2191900
>their private blockchains interact with the public Ethereum blockchain.

Yet no one has EVER done that and even the thought of it would make ETH shit the bed.

[Anonymous No.2191950]

>>2191860
Why does Ether have any value whatsoever then? This seems like bullshit to mitigate the fact that Ether price and gas price are very closely related. When Ether goes up, the network gets slower and more expensive.

[Anonymous No.2192355]

>>2191950
I believe it's up to the miners to decide the price of gas.

So what if Ether was $1 billion each, you could still use it to make contracts. It's the free market, the price would scale, as would the price of gas, hoarding wouldn't matter regardless.

[Anonymous No.2192371]

>>2191950
Ether has value as both a store of value, and as a token to power smart contracts on the Ethereum Virtual Machine.

Read the White and Yellow papers if you want to understand these concepts better.

[Anonymous No.2192391]

>>2191935
Your reading comprehension is atrocious if you still do not understand the explanations that have been provided, they were more than adequate for satisfactory understanding of the topic.

[Anonymous No.2193124]

>eth is a scam

Tell us something we don't know

[Anonymous No.2193200]

>>2187727
>But don't listen to me, listen to Buterin.
Good call
https://www.youtube.com/watch?v=DkUpZkeqhF4

This is one of the reasons I went into ETH. When Buterin gets asked a sly question of what he would do if he had a quantum computer, without hesitation he answers - open source it. Do you understand the reasoning behind the question and the meaning of the answer? If not, maybe you should educate yourself.

>Who am I after all?
Not the guy who made a technology with a 16 Billion marketcap.