It stumps me as who are the people that are buying GNO, ANT, and BAT tokens at 3-4x their ICO value. Either I'm underestimating the FOMO significantly for these things or there has to be a ton of wash trading by the whales that control the float.

I have a dumb question.

Will there ever be a time when transferring crypto is truly instant and fee free? If so when?

Heltok/all,

As we know, for ICO's it's not the developers who choose the format, but the team behind the token. Publicly some teams may act 'annoyed' at how these ICO's are going, but I doubt they actually are just because of aligned incentives. I think this won't be our last ICO frenzy in this format. Some teams might go uncapped but I think others will follow BAT in how they did it. Why? Because by having just 100 people buy all their tokens, those 100 people are going to control the price through flow, and release those coins to market in a way that as a side-effect inflates their [the teams] remaining 20% token value, at least for awhile at first. If instead 100,000+ people each got a little slice, I would bet the coins when they then first hit the exchange would be priced more accurately to reflect BATS value [in other words much cheaper].


Kylefrey,

Yeah. All my Eth is offline in a cold storage. In other words, someone could hack this laptop I'm typing on, get every personal detail off of it including email/passwords and otherwise, and never be able to access anything from it. In the future I plan to never mix or have any crossover with a laptop I'm using for entertainment with any sort of crypto transactions; this goes beyond what most people feel is needed for security but I don't ever want to risk any hidden malware or something stupid happening. If anyone else has meaningful $ in crypto I'd tell you to do the same just to be safe. Besides that, I'd need to get better hardware/set-up all the programs like Iloveny161 described.

Diskoteque,


Download Token on your phone from the app store. It's still not launched yet but you can play around with the current version. There will be fees for gas (likely a penny or 2), but they're insignificant. That's going to be how I do instant x-fers and onboard friends that aren't yet already into crypto. It will be as easy as just getting them to download it, and then I send it instantly and they're crypto owners. Easiest way to get people interested by far in my mind is having them own a little piece.

With Changetip that used to be the case. But to answer your question, I think Raiden should be out in a few months doing that. Maybe not free always, but virtually free most of the time and sometime really free. And almost as fast as light. There are testnet demos of this already.

I don't think this new attack is going to work, in part because as eth price rises, it becomes more and more expensive to spend gas and bloat the network with "spam, ddos style" attacks, but just a quick reminder for the noobs about scaling on eth:

Also for prosperity, here is the next reply

Yes BTC scales so well they've been heeing and hawing over it for years and still haven't gotten anything done.

Don't take this the wrong way, try and interpret it in a vacuum:

Bitcoin doesn't need to scale
Ethereum needs to scale, because if it doesn't, its utility over bitcoin will be useless

In case there's a bunch of lurkers, just a heads up 90% of what Aggo says is at best uninformed with good intentions, or maybe he's just a shill. I'd love to read your full body of work in one consolidated post on why Ethereum will never scale/scale worse than Bitcoin. I mean it, it'll be a good learning discussion.

I've been waiting for this post.

I actually still own a substantial amount of ethereum, the vast majority of which were purchased under $40 and/or 0.015.

Part of being a good investor is your your ability to be impartial and not emotionally attached to outcomes, and being able to evaluate things in a vacuum on a micro and macro level.

This concept evades the vast majority of you people in this thread.

what do you mean "you people"

So where can I get a Nano S without having to wait a month or 2? They appear to be back ordered everywhere.

I have one waiting for me at the post office (mistakenly ordered two). I can ship it to u if u want. Ofc there is a chance I set a backdoor.

Thx for the detailed response. Sounds like I won't be getting any high demand ICOs lol. Gl.

I paid for the UPS shipping which was only like $20 or something and got it within two weeks. I live in US. It was the '3-5 day' option on the ledger site. Just got mine yesterday so unless they got abruptly backordered this week you should be fine.

Let me know how much if its new, sealed, without the backdoor lol

I read two is actually a good idea, can for example keep one at home and one at alternative location to protect against housefire or other disaster. Can of course do this other ways instead.

I think the better reason for 2 is to separate your funds rather than keep all of it on 1 device. With 1 device it's easy enough to keep your nano s at home and your 24 word recovery phrase in a safety deposit box or other safe location. But still, nothing is 100% secure.

Having 2 devices lets you keep partial amounts on each just in case something goes wrong with one.

The one coming off as a shill is you. If you have an actual response to what he wrote, I would be interested to hear it. Personal attacks are pretty boring.

So with that mentality, bitcoin will be useless if ETH scales.

Yeah it's sealed and everything. I won't even open the package. Where u at? I'll ship it to u for what it cost me (74 euros IIRC) + shipping wherever u are.

Thing is I rent a safe box at my bank for 60 euros a year. I only need / want one nano because I don't even want to have the option to sell. I'm starting to have serious money but still in the "**** it" zone. I want to turn it into "**** u" money. For that, I need to hold. I could write a smart contract for exactly that but I'm not confident enough in my javascript skills yet lol.

Him: Eth doesn't scale/won't ever be better at scaling than bitcoin
Me: Really? I think you're wrong. Put forth an argument on why you believe that, I'll then read it and explain to you why you're wrong
Him: You people

Throwing out intellectual lazy statement like that with nothing to back it up will get you an equally lazy reply in return. If someone wants to explain to me and this thread why they feel Ethereum doesn't scale (what specifically do they see as the problem? What does Bitcoin have that makes it better for scale than Ethereum?) I promise I'll spend an hour typing out a credible response to what they see as insurmountable difficulties in the platform. I truly want to hear if their argument has any merit. I'm not going to have a debate with myself.

Also +1 safety box. That's what I'm doing too. For what to do with your stash: cold storage + safety box all day.

this is a straw man.




irrespective of scaling, bitcoin has always been considered as a store of value in addition to possessing other attributes that make it "valuable, and useful."


Ethereum on the other hand will likely never be considered a store of value. I wont argue the issuance model of ethereum because I am not an economist nor possess enough knowledge to comment on it, other than to say that Ethereum will never possess a capped issuance (i personally view this as a positive). The main reason why Eth will never be a store of value is because it already has a bastard child (one can argue that ETH is the bastard child). And when it comes time to fork off the POW<->POS hybrid to full POS, ETH will likely spawn another bastard child. If shart ing ever is successfully implemented, yet another bastard child will spawn.

So whatever thoughts you have about usefulness of bitcoin vs ethereum are completely wrong (as usual). They will both co exist for a very long time, regardless of what happens to either coin or if (yes/no) "scaling" or whatever that even means, is solved for either coin.

The good thing from all this discussion is that any newcomer to this thread now won't just blindly decide to go all in on BTC/ETH without doing any research themselves.

Plz tell me how this goes.

I assume you'll be putting BTC and Ether on it. Have thought about getting one just scared I'd mess up somewhere on the transfer and lose all my coins or something.