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/biz/ - Business & Finance

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2707710 No.2707710 [Reply] [Original]

Do you guys have an attention span of >1min?

I thought this was a great read:

http://www.coindesk.com/icos-dumb-money-ethereums-ethical-dilemma/

Point of interests:
- boom in ICOs will keep pushing ETH's value lower
- we're in a bubble, though Blockchain will be successful in the long run (= several years in the future)
- the flippening already happened

>> No.2707716

>Do you guys have an attention span of >1min?
no

>> No.2707858

Trying to predict a trend six months in advanced in an extremely volatile market... Yeah who knows. This guy said absolutely nothing at all but fud and then said he was very bullish

>> No.2708845

>>2707858
Yup, I think he tries to warn for short-term volatility but say that long-term HODL will still come out ahead.

>> No.2709016

>>2707710
>http://www.coindesk.com/icos-dumb-money-ethereums-ethical-dilemma/
good post

utterly rips apart some of the shit ICOs of recent weeks

>> No.2709153
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2709153

>>2707710
this is pretty biased in regards to FUD. but ETH FUD has been pretty trendy over the past month.

great point about ICOs. ICOs aren't exclusive to ETH tho. So while ICOs can degrade ETHs value, ICOs don't signify the value of ETH.

Ethereum just happens to be the most usable platform that startups like to facilitate for ICO (which implies Ethereum's actual usefulness for real development projects). It's still way early in the development game and ETH will be a monster once consumable service projects start taking off.