Ethereum

Thargor · 11-09-2018 09:58PM

Im out aswell and staying out for now. ICOs still a 300 million gun to this things head.

Pintman Paddy Losty · 11-09-2018 10:21PM

Is it mostly the developers of sh1tcoins cashing in their stacks that's driving it down? Surely that can't account for all of the losses?

For a coin that grindle constantly touts as the great white hope it really isn't looking good. I think people are finally starting to realise the scalability issues are just too immense. How long has that oddball Vitalik been promising Casper will solve everything for about 2 years now. I reckon punters are just not believing in this project anymore.

grindle · 11-09-2018 10:36PM

Pintman Paddy Losty wrote: »

Is it mostly the developers of sh1tcoins cashing in their stacks that's driving it down? Surely that can't account for all of the losses?

For a coin that grindle constantly touts as the great white hope it really isn't looking good. I think people are finally starting to realise the scalability issues are just too immense. How long has that oddball Vitalik been promising Casper will solve everything for about 2 years now. I reckon punters are just not believing in this project anymore.

Volumes are low, there's no buy pressure and whomever does decide to buy in large quantities from whichever bottom we reach will make a mint. This is the gamble and speculation of it.

It's the most well-developed, most widely implemented, transacted upon blockchain yet it's price is dropping in bart-lines. These are rich trader moves to push stop-losses and cause a short squeeze. There are plenty more stop losses to push into all the way to $85 if the sell-whale is rich enough and considers the pool at the bottom worth buying. If we hit $85 there's a huge wall of buys and ETH seems very "affordable" in my head. If somebody has bothered to read anything about Ethereum they'd be confused by Ethereum's cap's similarity to Snapchat's cap. It really is hard to imagine Snapchat being more useful to the world than Ethereum in 5-10 years., compounded by the fact that Snapchat currently generates zero profit, only loss.

brendanwalsh · 11-09-2018 10:52PM

grindle wrote: »

Volumes are low, there's no buy pressure and whomever does decide to buy in large quantities from whichever bottom we reach will make a mint. This is the gamble and speculation of it.

It's the most well-developed, most widely implemented, transacted upon blockchain yet it's price is dropping in bart-lines. These are rich trader moves to push stop-losses and cause a short squeeze. There are plenty more stop losses to push into all the way to $85 if the sell-whale is rich enough and considers the pool at the bottom worth buying. If we hit $85 there's a huge wall of buys and ETH seems very "affordable" in my head. If somebody has bothered to read anything about Ethereum they'd be confused by Ethereum's cap's similarity to Snapchat's cap. It really is hard to imagine Snapchat being more useful to the world than Ethereum in 5-10 years., compounded by the fact that Snapchat currently generates zero profit, only loss.

Ethereum generates nothing either. Only a bunch of kitties and moon boys being skinned of their life savings.

grindle · 11-09-2018 11:30PM

brendanwalsh wrote: »

Ethereum generates nothing either. Only a bunch of kitties and moon boys being skinned of their life savings.

Okay. If current use is what you think the end-game is I think you haven't read anything at all.
Keep at the slaughterier end of the scale, you excel at slaughter talk.

Pintman Paddy Losty · 12-09-2018 01:00PM

Down and down she goes... Where she stops nobody knows...

rapul · 12-09-2018 01:20PM

Pintman Paddy Losty wrote: »

Down and down she goes... Where she stops nobody knows...

Thanks for that you crypto guru you

smacl · 12-09-2018 01:32PM

brendanwalsh wrote: »

Ethereum generates nothing either. Only a bunch of kitties and moon boys being skinned of their life savings.

C'mon Brendan, life savings or taking a punt with a few bob? Judging from some posts, I'm guessing there's those on here who spend more in the boozer than many on here would ever spend on crypto. And then they suggest its the crypto that's going down the toilet

Grumpypants · 12-09-2018 01:34PM

Pintman Paddy Losty wrote: »

Down and down she goes... Where she stops nobody knows...

24th of September it will all change.

Grumpypants · 12-09-2018 02:56PM

I've actually for the first time in months sent a SEPA transfer to coinbase. It is only €100 but I need to round off my Etherium

Tinder Surprise · 12-09-2018 04:44PM

Grumpypants wrote: »

24th of September it will all change.

?

Father Hernandez · 17-09-2018 01:46PM

Grumpypants wrote: »

24th of September it will all change.

Tinder Surprise wrote: »

?

+1...

?

makeorbrake · 18-09-2018 08:03PM

Someone slating Buterin for the way he looks on here - after hours content. He said from the very outset, it would take 2 years to implement scaling solutions. People can try and drag it down all they want but the reality is that the tech keeps getting developed regardless of what's going on with price speculation.

Grumpypants · 21-09-2018 09:12PM

Big jump in the last week or so. From 148 to 215.

makeorbrake · 22-09-2018 01:15AM

Grumpypants wrote: »

Big jump in the last week or so. From 148 to 215.

See the ripple thread to give you an idea of the catalyst.

dar100 · 24-09-2018 04:03PM

makeorbrake wrote: »

See the ripple thread to give you an idea of the catalyst.

What are peoples thoughts on Ethereume classic

grindle · 24-09-2018 09:57PM

dar100 wrote: »

What are peoples thoughts on Ethereume classic

It's the crypto equivalent of a single issue politician and they drew that line in the sand themselves. People who are so ideologically into the idea of immutability to the point where they have to allow brazen theft based on their misguided principles despite that theft being reversible isn't any kind of company I'd keep.
Think about Ethereum's use case. Enterprise business use re: accounting, traceability, eventually IoT through some project running a plasma sidechain, whatever - a mistake is made, a bug is found, considerable funds are lost & a contract needs to be rescinded for whatever project to go ahead but a bunch of code-is-law retards start screeching that your funds must remain lost because "Code is Law". See how long the businesses remain interested.
Cardano's Hoskinson is the only notable dev who has had any part in it or has anything good to say about it yet he's creating a different chain for enterprise use. That should say something.
ETC also consider PoW to be advantageous over PoS which is boneheaded.

I'd like for somebody to come up with a good reason for ETC to exist.

tcawley29 · 16-10-2018 07:11PM

Decided to dive back into ETH today. Here's hoping for a christmas boom :pac:

rapul · 16-01-2019 05:52AM

Hard fork delayed for a week at least apparently, soon as the news hit the market seemed to react, another slight dip to buy in I guess but didn't want it to happen like this, interested to see how it goes over the next week.

smacl · 16-01-2019 09:50AM

rapul wrote: »

Hard fork delayed for a week at least apparently, soon as the news hit the market seemed to react, another slight dip to buy in I guess but didn't want it to happen like this, interested to see how it goes over the next week.

Wouldn't be too concerned, pretty much every big software project ever has late breaking bugs and issues. Better caught before release for a small dip than just after release for a large one.

rapul · 16-01-2019 10:41AM

smacl wrote: »

Wouldn't be too concerned, pretty much every big software project ever has late breaking bugs and issues. Better caught before release for a small dip than just after release for a large one.

Yeah that's true, I've just been watching like a hawk and it did surprise me but fair point

el diablo · 15-04-2019 03:25AM

This thread is dead. has everyone given up on ethereum?

Anyway, here's an interesting recent interview with Vitalik Buterin.

smacl · 15-04-2019 08:53AM

el diablo wrote: »

This thread is dead. has everyone given up on ethereum?

Nah, just quietly hodling a small amount and watching to see how it plays out. In many ways I think ETH is one of the better bets out there but is a slow burner that may be quite a bit slower than most would like. Buterin is impressive though not particularly charismatic. It will be interesting to see if he gets his PoS model up and running, as the 32 ETH entry level for a node is very affordable which in turn leads to the best chance of decentralisation.

grindle · 15-04-2019 09:02AM

Not given up, still by far my largest bag and the coin I trade others for. There's more activity & potential for discussion on Reddit, Twitter and most importantly ethresear.ch so I gravitate there.

People should be more aware of the Parity drama I suppose, attempting a fork of Ethereum ("Dothereum") after Polkadot launches in order to somehow release the funds they'd locked up due to poor coding.

makeorbrake · 15-04-2019 09:39AM

smacl wrote: »

Buterin is impressive though not particularly charismatic.

His 'charismatic' self ..:D

stockshares · 15-04-2019 02:19PM

smacl wrote: »

Nah, just quietly hodling a small amount and watching to see how it plays out. In many ways I think ETH is one of the better bets out there but is a slow burner that may be quite a bit slower than most would like. Buterin is impressive though not particularly charismatic. It will be interesting to see if he gets his PoS model up and running, as the 32 ETH entry level for a node is very affordable which in turn leads to the best chance of decentralisation.

Is it an upfront payment of Eth or do you pay Installments.
Pardon my ignorance

smacl · 15-04-2019 03:08PM

stockshares wrote: »

Is it an upfront payment of Eth or do you pay Installments.
Pardon my ignorance

Don't know how others do it, but I've been transferring funds into Kraken via SEPA and buying from there. My timing to get into crypto in late 2017 was terrible, so I lost the bulk of my initial spend. Got a bit more over Christmas this year which is well up, but no intent to sell any time soon.

grindle · 15-04-2019 03:18PM

stockshares wrote: »

Is it an upfront payment of Eth or do you pay Installments.
Pardon my ignorance

It's not like buying an ASIC or Skyminer, your ETH which you could have bought at any point isn't being paid to anybody. You're locking it up with a promise that you'll keep your node online 24/7 performing small calculations validating transactions.

That's if you have 32ETH or more. If you have less there will be staking contracts where users will pool their funds to reach the 32ETH minimum, presumably with a small fee for the pool.

stockshares · 15-04-2019 04:20PM

grindle wrote: »

It's not like buying an ASIC or Skyminer, your ETH which you could have bought at any point isn't being paid to anybody. You're locking it up with a promise that you'll keep your node online 24/7 performing small calculations validating transactions.

That's if you have 32ETH or more. If you have less there will be staking contracts where users will pool their funds to reach the 32ETH minimum, presumably with a small fee for the pool.

What happens if you cant/dont provide 24/7 service. Are there penalties

grindle · 15-04-2019 06:42PM

stockshares wrote: »

What happens if you cant/dont provide 24/7 service. Are there penalties

Yep, your staked ETH will be leaked away if you're a bad validator, apparently equivalent to 5% over the course of a year. Don't be a bad validator.

Ethereum

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