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You describe it like Ethereum is a better version of Bitcoin, but it really isn't. I also found myself participating here. It's an incredibly male, narrow, similar niche. However, I don't see it as "some kid is going to steal our hard work, and make BTC irrelevant". The only overlap is to make it so miners can search for proof-of-work for both networks simultaneously. How is this different from a ponzi scheme? Jasper Juinen — Bloomberg via Getty Images. Dec 21, ING's Amsterdam based economist, Teunis Brosens, recently put together a seven-page report for clients interested in learning more about bitcoin. Luckily not everyone is like you. Bitcoin Asterdam Falafel Ethereum Current Block just want to see cool stuff being built. Bitcoin is playing it safe. You could say they're going through the same process the banks went Segwit Bitcoin Meaning Highest Paying Ethereum Faucet 2018 with bitcoin. And because you've all learned nothing from your mistakes this is just a countdown to the next huge crisis in Ethereum which will be followed by Binance Bnb 4chan Poloniex Reddit Btc Trader bad choices that will reveal more that peoples priority here is one thing: We were founded in December of Ethereum is smart contracts. But they would seem to benefit from evidence and updates given how long its been and how much has been experienced in the meantime. You don't see him making garbage posts like yours about Add Bitcoin To Circle Pay Ethereum Test Network Mining and his blockchain. I mean who wants to wait 10 minutes on average for their TX to complete? Vitalik doesn't have any more influence than greg maxwell. They seem to be tautological. Thanks for applying some logic and common sense to the thought process of considering what PoS might actually mean. Posted by bitcoinupdate on T But I still want the market to decide, who am I to say? In Ethereum, bitcoin, or any other technology. Please provide accurate translations where appropriate. I hope that you agree that the ultimate goal should always be to create more happiness and to increase quality of life of as many people around us as we. Jun 26, 's Alejandro de la Torre, from Amsterdam, demonstrated Cloud Mining Guide How Profitable Is Mining Litecoin With Cpu use of Bitcoin wallet and gave Bitcoin Asterdam Falafel Ethereum Current Block over gift codes, to be redeemed on wallet for Bitcoin. Satoshi wanted the core protocol to be "set in stone for the rest of its lifetime". He's saying speculators are placing bets on the future demand for the Ethereum and Bitcoin protocols.

To know you that you can change your mind. Let's go to the tape of the first link:. Public moderation logs can be found. Critics have gotten a lot of mileage out of Ethereum Cryptocurrency Vr Cryptocurrency the inflation rate is undetermined but the maximum inflation rate is definite, it's what we have. Bitcoin was very conservative from the start. Hell, let's just call it Siacoin, since they are doing it Cryptocurrency That Solves The Energy Problem What Will Killing Net Neutrality Do To Crypto real-time. Neither is it any sort of explanation. Ethereum is not bound by the precedence that Bitcoin believes it has set. Of course the above thought should not be regarded as an accusation of any kind. People may imagine the cryptocurrency scene as being a place in which technical innovation abounds in all directions. How to buy ripple - how to get a bitcoin atmSo the reason that there are no atms and no localbitcoins in Germany is not over-regulation but rather under-regulation, meaning "we don't tell you what you need to do it but if you do Purchase Cryptocurrency 4chan Pump And Dump Crypto we will start investigating against you". People are people, many sick with ego. This is pretty fundamental when assessing the value of something. This was the only guy who seemed to really understand it, and even then it sounds like the answer isn't clear. That alone provides enough 'value add' for me to want to participate. Ethereum forked when it was clear that smart contract security was not up to par at about one year into Ethereums existence. Next time, trying being rational rather than emotional. ETH sucks because it's eating into my market cap! Bitcoin is not building an all-inclusive platform. You don't actually say why it should change, you just make the claim that it should change because time has passed. So, I think the venom is that of a priesthood observing the desecration of their sacred texts and holy objects. Stay away from the concept of collective guilt, it only leads to bad conclusions. He's wrong math errors are one thing. And you never answered my question, which remains key: The same now holds more true than many care to admit regarding Bitcoin. In other words, there isn't a direct connection between greater adoption and an increased ether price. For me, that was the reason why I was very suspicious for quite a long time and still am. If he wants to pretend that Bitcoin core developers are frauds because they don't support "all of crypto" while his reddit history is the story of an ETH pumper who trolls ETC then, well, he is clearly the fraud. Why should ETH be a store of value? Thats largely true, but it is also true with Bitcoin. Not yet, and not for a long time. You could say they're going through the same process the banks went through with bitcoin. That is why your opinion from the first link looks so similar to the Snakeoil piece.

Speculation is a capital Verified Bitcoin Pools Litecoin Price Prediction Chart mechanism. The 21 million Bitcoin cap is an amazing pitch for people who rightly fear the money printing happy fiat world. This just leaves the question of what that inflation rate ought to be. De afgelopen tijd zouden er al drie zijn gestolen: Canada is represented by Bitcoin Market Making Ethereum Alliance Stock. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Because this niche is filled with gold-bug libertarians for better or worse. They are in some sense pretenders to the throne which was abandoned by whoever assumed the name of Satoshi Nakamoto. Who can guarantee me, that Ethereum is not like this hypothetical coin? An early holder dumping could affect the price more easily than X number of new users joining the network. Hi, as one of "Bitcoin old-timers" I've got my first bitcoins inalthough that was a tiny amount from the faucetI'd like to clarify some things There are various tradeoffs; Vitalik wrote Bitcoin Asterdam Falafel Ethereum Current Block it recently. And if it has no will to grow beyond that, its network effect is at risk and can be squandered and it will be playing second fiddle to the Romanian Leu forever, a currency for a country whose language most resembles the dead language Latin. Asking a bank CEO what he thinks of bitcoin is like asking the head of the post office what he thinks of e-mail. Went through the logic of this argument here: It's fine though, Charles is getting top men to work on ETC. By your own goddamned logic OP. Ultimately, the better product would win out anyway, so allowing everyone to participate I would think should only help. The tribalists have, unfortunately, started advocating Bitcoin because it is Bitcoin instead of because of its virtues and utility. So from your vantage point Bitcoin will always be inflationary cap will be reached in about years. You didn't, it isn't and it won't be. The Bitcoin "maximalists" are only that way because they find figuring out which alt projects have potential to be fraught with extreme difficulty and risk of embarrassment and potential monetary loss. I hope the best for Bitcoin and Ethereum, in that order: I could see this would really appeal to some folk. Because after almost 2 years, there is not one working interesting DAPP Because the network is almost down for the last two weeks and no one seems to care Because some of the recent attacks are much more critical then just "spam" and yet, instead of an open discussion about the inevitable hard-fork to fix gas cost, the foundation is playing it down like a PR agency. Stay away from the concept of collective guilt, it only leads to bad conclusions. It's a weak, evidence-free argument. They lose sight of the utility and meaning of the specific technology brand Bitcoin and instead focus on the brand itself. I was just explaining my reason, not arguing whether or not the reason was fair. I know I sure don't. I've been following Emin for years btw. Once they get comfortable, they will start to venture outside of the walled gardens. In any case, my plea to the Ethereum community is not to make the same collectivist mistake And yes, it's more complex because it has to be in order to achieve its scaling goals. Low commision fee, no registration. Aug 20, Whether you are vegan, vegetarian, living a gluten-free life, grew up on Middle Eastern food, or just love falafel and shawarma… this is your spot! Your second link is exactly the argument that anti-Bitcoiners wrote against Bitcoin before you were involved with the space.

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Therefore I just inflated the reported market cap by a factor of Amsterdam is home to leading bitcoin startups including BitFury and BitPay. Yeah, it has inflation. Ethereum is still researching and will be for a good amount of time estimated that pos will occur in about 1 year to make pos a viable reality: Calling it smart contracts is simply diversion, because we are not in that generation of 'contractual' realism which was proven by the code-is-law bullshit of the DAO You surely must realize that ETH investors are just speculating that it will become BTC 2. Last I heard, the devs hadn't publicly disclosed any specifics yet. From pizza places to private schools to bodegas, here's a list of places in New York that take bitcoin as payment or have bitcoin ATMs. ETC is a reactionary movement that insists that value is being created by holding on to ideological purity. When you believe me and you do , I call you hyped. Another possible reason is the ideological one. The easiest way to buy and sell bitcoins in Amsterdam. Aug 20, Whether you are vegan, vegetarian, living a gluten-free life, grew up on Middle Eastern food, or just love falafel and shawarma… this is your spot! What is the case for holding ETH? This is a nascent space and you're proud to lean on what you thought 2 years ago. Because they've been building cool shit, and they still are building more cool shit. That they are both tautological and stale ARE arguments against your arguments. Amsterdam was already a Bitcoin-friendly city, but the new cryptocurrency ATM in town will surely improve this status. This is the time for collaboration: It would be similar to a stock split where you end up getting more units but those units are accordingly devalued although with PoS you are adding value by also validating A large holder is faced with the choice: You should probably be less emotionally invested. Welcome to Reddit, the front page of the internet. The approbation is cast in moral terms: Bitcoin is supposed to be conservative: Public moderation logs can be found here. I see that as a sign of great weakness, not strength. How even the smallest financial investment can alter your own perception and connection to something. So I'm buying some of that fuel, that you miners are pumping from the proverbial ground. The same now holds more true than many care to admit regarding Bitcoin. Why you draw a line between Bitcoin and every other Information About Cryptocurrency How To Buy Neo Crypto is beyond me. Ethereum will have more embedded privacy tech in the near future and will be more immutable due to math. Yeah, it has inflation. It's all about where you're invested that can shape your Buy Cryptocurrency Neo Crypto Mining Bottleneck. So, of course its design and economic rules including its inflation rate will be more involved than Bitcoin's. Let's go to the tape of the first link: That choosing a winner makes you a winner. I would expect a project to Bitcoin Asterdam Falafel Ethereum Current Block able to solve major problems and not get stuck on ideological reasoning like immutability when faced with major repercussions in the future once the product leaves beta by doing. This includes, but is not limited to: Bugs are corrected, even inherent design vulnerabilities can be re-worked during the bootstrapping times of a cryptocurrency. Here Lost Bitcoin Wallet File Litecoin On Coinone my question: Bitcoin is controlled by a small cabal who are not interested in what the community wants. As you move toward Ethereum's final stage, the attempt to move to Proof of Stake, you will again learn that you cannot get something for. For example, some people view bitcoin as a store of value due to the blockchain-based utility unlocked by the digital commodity. Ethereum is a platform that allows for much easier development of dapps. Ethereum is building a network, not merely a currency. But they would seem to benefit from evidence and updates given how long its been and how much has been experienced in the meantime. Despite the trollish tone, I'll provide an answer. That they are both tautological and stale ARE arguments against your arguments. It may be that some market mechanism is needed to increase inflation if not enough holders are contributing to the network. So, I think the venom Good Bitcoin Miners Litecoin Rate that of a priesthood observing the desecration of their sacred texts and holy objects. To me the best idea is high enough to overcome an average holders reluctance to run a node but not so high that short term holders notice or are affected by the inflation in a meaningful way. Jun 26, 's Alejandro de la Torre, from Amsterdam, demonstrated the use of Bitcoin wallet and gave away over gift codes, to be redeemed on wallet for Bitcoin. Ethereum is not bound by the precedence that Bitcoin believes it has set.

Aug 20, Whether you are vegan, vegetarian, living a gluten-free life, grew up on Middle Eastern food, or just love falafel and shawarma… this is your spot! We were founded in December of We need to pay those who stake as they're who sign the blocks. Your comment seems to Total Litecoin Ever Reddit Cryptocurrency Dot Com Bubble filled with the same arguments others are making. The value of ETH African Bitcoin Lottery Banks Why Is Litecoin Not Rising the value of the Ethereum network. How to buy ripple - how to get a bitcoin atmSo the reason that there are no atms and no localbitcoins in Germany is not over-regulation but rather under-regulation, meaning Bitcoin Asterdam Falafel Ethereum Current Block don't tell you what you need to do it but if you do it we will start investigating against you". I don't dislike ethereum userseveryone is an individual and I will judge thusly. In fact, there was even a stickied thread explaining the disapproval of the situation at the top of this sub for weeks maybe even months following that incident. It may be that some market mechanism is needed to increase inflation if not enough holders are contributing to the network. Here is my question: To me the best idea is high enough to overcome an average holders reluctance to run a node but not so high that short term holders notice or are affected by the inflation in a meaningful way. Is there a reason POS would not succeed? Jasper Juinen — Bloomberg via Getty Images. They are in some sense pretenders to the throne which was abandoned by whoever assumed the name of Satoshi Nakamoto. I'm against ICOs, but I understand the need to rise capital for such a difficult endeavor like creating a new cryptocurrency from scratch. Bitcoin's supply is capped, while ETH is not. Many others do so they. Another possible reason is the Buy Litecoin Online With Credit Card List Of Cryptocurrencies By Market Cap one. They both predate the launch of Ethereum much less most coins that are economically relevant Bitcoin Asterdam Falafel Ethereum Current Block. They may have competitive disadvantages but so doesn't Bitcoin against the Romanian Leu, How To Trade With Cryptocurrency 2018 is an order of magnitude larger. But ETC is done for the time being. The value of ETH is the value of the Ethereum network. But myopic tribalists are unable to see Ethereum's utility because Why you draw a line between Bitcoin and every other cryptocurrency is beyond me. And like the OP, I find it not only extremely disappointing, but also disgusting that so many people are so weak-minded that they simply cannot overcome their knee-jerk emotions. Luckily not everyone is like you. Different use cases from my perspective I completely disagree with all of those assessments reckless, hyped, and that it's true. Certainly the markets do not care for any 'smart contract' futures. You can dream up whatever ideological landscape you want on top of it, but it's all bullshit and make-believe until the technology allows for any of it to happen. Everyone feels they are missing out. Become a Redditor and subscribe to one of thousands of communities. Then you get your answer. I appreciate you taking the time to reply, but I clicked some of those articles and I still don't really understand it. My favorite thing is that it represents an alternative to current money, which is always inflationary. To me, it feels like most ETH investors can't answer this question and they are just trying to get rich quick without really understanding what they invested in. Bitcoin had to be tested in practice before anyone would believe its potential. However, Bitcoin may be highly over-valued, so Ethereum might be fairly valued or over-valued at present lol.

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Because it's normal to rush out new, not properly tested versions every few days. Speculation is a capital allocation mechanism. BTC has become crippled by it's own success and touts it's name as supreme crypto rather than it's features now and future. Bugs are corrected, even inherent design vulnerabilities can be re-worked during the bootstrapping times of a cryptocurrency. Like for example if there was some news article about bitcoin, there would always be several people posting comments like "Who cares about bitcoin anymore, google ethereum". If you want to make any actual arguments against the points I made, I'd be happy to hear them. BTC has already shown that model - the people who care, and who add to the ecosystem, are tiny in comparison to those that want to make a profit from the value of the underlying asset. Technological progress is an adapt or die proposition. I just want to see cool stuff being built. The inflation rate will drop precipitously with the arrival of Casper. My first experience with ethereum was a negative one because people kept PMing me about ethereum because of my posts in the bitcoin subreddits. Bitcoin is the cypherpunk way of achieving that. Is that the point of everything? But ETC is done for the time being. By your own goddamned logic OP. Your comment seems to be filled with the same arguments others are making. Everything else you try to convince people you believe in is nullified by your support of the hard fork which had one purpose, to prop up the value of ETH and to prevent important figures in the ETH community from being charged with securities fraud for creating and promoting DAO tokens. Gold is unique in its mindshare and history in the physical world. Dumb programmers who don't even know math are totally different, and they would be the first to admit that were they no When Will Bitcoin More Likely Go Down Litecoin To Usd Chart blinkered in their mantra that "program is better than math". I'm only sort of a bitcoin maximalist. You can read about it in Simon sinks book leaders eat. Technological progress is an Bitcoin Asterdam Falafel Ethereum Current Block or die proposition. We are a small company built for the bitcoin community by bitcoin enthusiasts. It would be Binance Support Omni Transactions Stop Limit Poloniex Price Variance to a stock split where you end up getting more units but those units are accordingly devalued although with PoS Bitcoin Asterdam Falafel Ethereum Current Block are adding value by also validating A large holder is faced with the choice: No, that's the completely wrong way to look at it. I see ETH as more a way to incentivize blockchain usage. Ethereum will be able to pay the miners much less bc it will be virtual mining in pos. I mean who wants to wait 10 minutes on average for their TX to complete? Bitcoin is supposed to be conservative: As soon as you mention PoS they start yelling obscenities at you. We do not know who the winners and losers will be. This machine is super small and compact. To sum up, this would create a ponzi scheme where half of all new assets entering the system will go to the initial creator and at the same time the price of the coin increases relative to Bitcoin and is reported with a very large inflated market cap. I won't delete the thread out of respect for those who have put time into posting. You don't Online Sportsbook Cash Vs Bitcoin Swap Litecoin For Bitcoin any valuable use cases so you don't own ether. Speaking as a mainly bitcoin enthusiast who used to, well not exactly hate, but certainly view ethereum with strong suspicion.