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/biz/ - Business & Finance

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7065687 No.7065687 [Reply] [Original]

What triggered Ethereum to moon from $1 to $1000? Whitepaper? Speculation?

Because I can't any reason why besides bullmarket & extreme FOMO.

It'd be like Stratis or RaiBlocks suddenly being worth $1000.

>> No.7065706

it's the only and only non-shitcoin out there

>> No.7065710

>>7065687
Smart contracts

>> No.7065726

>>7065687
The same reason every shitcoin is an Ethereum token. When every other coin has no use whatsoever, the coin that has applications looks amazing.

>> No.7065759

It hit the market before it became saturated in shitcoins. there are over 1400 coins currently and more shit on the way.

>> No.7065771
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7065771

vitalik memes

>> No.7065826 [DELETED] 

>>7065687
It's the one the bane guys control.

>> No.7065833

>>7065687
RaiBlocks
>Instant
>0 fees
>unlimited scalability
>7000 transactions per second

This is the future.

>> No.7065893

>>7065687

>PRETENDING RAIBLOCKS WON'T REACH $1000 (ONLY A 50X FROM HERE)

>> No.7065908

>>7065833
the future of heavy bags.

>> No.7065910

EEA announcement in March last year set it off.

https://entethalliance.org/members/

They are due for another announcement soon

>> No.7065935

>>7065687
it's actually useful
>cheap and fast transactions
>trading pair
>all shitcoins are just ethereum tokens
>games

>> No.7065950

>>7065908
>>7065908
GOLD IS FUCKING HEAVY
FUCKING GOLD AND DIAMONDS ARE FUCKING HEAVY

THIS SI NIT

>> No.7065951

nobody uses stratis, nobody uses raiblocks. ethereum is seeing more real world use than bitcoin today, so its very obvious why it's been rising

>> No.7065958

>>7065687
token ICOs that you pay in ETH. Think about it. That is what creates demand

>> No.7065987

>>7065833
shitcoin

>> No.7065995

You get to witness a similar rise with your own
eyes very soon, just keep watching ChainLink.

>> No.7066018
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7066018

>>7065908
You fell for the XLM meme

>> No.7066038 [DELETED] 
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7066038

>>7065935

>> No.7066077

>>7065687
Most of the shitcoins coming out are erc20 tokens

>> No.7066122

>>7065833

XLM

That shit files... Like really fast.

>> No.7066119

>>7066038
how do they protect against ddos attacks if there's no fees?

>> No.7066174

>>7065706
XMR you mean

>> No.7066211

>>7066119
read the whitepaper

>> No.7066406

>>7066122
1) Stellar tps is around 1500, XRB tps is around 7000.

2) Stellar have fees, and fees are not fixed, with higher load to the network fees will increase.

3) Stellar have minimum account balance requirement of 10 XLM, RaiBlocks does not have any requirements at all.

4) Stellar transaction time is 2-5 sec, RaiBlocks avg. transaction time is 1,7 sec. https://medium.com/@bnp117/raiblocks-how-fast-actually-is-it-tl-dr-about-1-7-seconds-8cf2799e4da3

5) And of course then there is the biggest issue of supply, founders hold 80% of Stellar and circulating supply is less than 1/5 of total supply. All RaiBlocks are distributed. If these 80% will be released to the market the price will drop like a rock.

>> No.7066440

>>7066211
cba

>> No.7066448

>>7066174
XMR is also good

>> No.7066524

>>7065995
do people ACTUALLY think this or are they meming?

>> No.7066528

>>7066038
It can't rape Monero because Monero is in a different league. XMR will be the realization of "muh store of value"

>> No.7066558
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7066558

i was just thinking about this, what made eth boom? I'm a lot in stratis, it is announcing ICO's, it now has tumbebit (making bitcoin like monero, and hopefully other coins soon). It just announce its thing with the biggest C+ community, what else does it need to moon? To get to top 5? wtf

>> No.7066578

>>7066524
Link is definitely a meme

>> No.7066698

>>7066528
Never said it’ll “rape” XMR, Afa p2p XRB is ontop. I also hold XMR but for other reasons.

>> No.7066763

>>7065687
>What triggered Ethereum to moon
A bunch of brainlets who believe autistic = smart

>> No.7067036

>>7066578
it's fun to meme, but PLEASE do your own research

>> No.7067042
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7067042

Looking at smart contracts (the Ethereum selling point), you have to wonder what is their purpose, exactly?

You have a script determining a swap of goods/services/obligations/whatever.
Which serves as a middleman between a seller and a buyer?

>but why would you need a smart contract?

To avoid getting scammed. That's it. Literally all there is.
The whole selling point of Ethereum are brainlet fail safes.

And that's stupid. You're talking about a literal fool
copying and pasting a contract script that prevents him getting parted from his money.

That's
>anti
>evolutionary

like it's essentially enforcing regulation into a free protocol.
Not security, but actual regulation.

And what did it give birth to? To ICO scams (one-upping brainlet fail safes aka smart contracts), to thousands of useless shitcoins, and of course kriptokitties.

But perhaps I am failing to see something here.

t. holding more ETH than BTC

>> No.7067104

>>7067036
I don’t own any LINK anon

>> No.7067287

The fact that I sold it. Seriously. Fucking universe is constantly conspiring to fuck me over.

>> No.7067340

well everyone seems to have forgotten that the reason it first went up to $45 was because of big investors who were hyped because it was pretty much the first big project that could overtake bitcoin, after that it went up again when Alphabay (which was of course the biggest market) introduced it as a payment option in June. It quickly became the #2 coin and the rest is history.

>> No.7067373
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7067373

>>7067287
Whatcha selling next, anon?

>> No.7068115

>>7066406
>2)
It's scalable
>3)
Minimum requirement is 1XLM
>4)
Insignificant amount of time
>5)
Actually a problem. They should at least escrow like XRP

>> No.7068613

>>7068115
Absolutely no one will run a "no incentive" node to help a US corporation that owns 85% of the supply.

>> No.7068757

>>7068613
80*

>> No.7068801
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7068801

DEVELOPERS DEVELOPERS DEVELOPERS DEVELOPERS DEVELOPERS DEVELOPERS DEVELOPERS

>> No.7068845

>>7065759
you missed the alt bubble of 2013-2014 I see