Quote:
Originally Posted by ___1___
Kazuya, what exactly has started successfully "coming to fruition" regarding Ethereum?
Transactions and usage. Ethereum this week for the first time is overtaking Bitcoin for avg daily transactions. This is growth in actual usage, and it's accelerating at a phenomenal rate. For anyone who has followed Ethereum for more than a year and understands its roadmap, this is a huge milestone worth celebrating as it's the first sign of even bigger things to come.
https://bitinfocharts.com/comparison...tc-eth.html#3m
Quote:
Originally Posted by BABARtheELEPHANT
Thing is, ICO are just one use case of Ethereum among many. Most of us agree here ICOs are a scam / a bubble and what have you. Ethereum has institutional backing with the EEA so it's more likely regulations won't destroy Ethereum when the regulators hit Ethereum with the hammer.
Agreed. Most ICOs will fail. This is what venture capitalism looks like in it's most raw form, and spoiler alert: it's a zoo. For now it's an unregulated market and there will be Ethereum ICO's that go down in flames - no one should be deluded otherwise. I definitely agree with Ethereum looking to comply with regulations when they come and that's a good thing.
There will also be some very huge successes, which and when these occur are the million dollar question because everything is still so early. Unless you as an investor knows exactly what you're doing and investing in you should probably stay pretty far away from them. In the end though, when these failings happen, it's important to understand that you cannot extrapolate that to Ethereum 'failing' and in my opinion would be a great time to buy more Ethereum if it dips substantially on these 'bad news' stories. It will be a hard lesson for many, but ICO's will also go through a maturation and innovation phase (regulation and investors getting burned) and in the end it won't matter because the effect on long term growth will be non-existent once you zoom out month/years.
Quote:
Originally Posted by Mihkel05
Can you explain how there are degrees of immutability?
Also, I'm curious why there are two Ethereums now if they are "much more" immutable.
Can you explain why does Ethereum
have to be 100% immutable? Is its goal trying to be a currency? Why would that feature bring the platform closer to its goals? Ethereum
will mutate (PoW -> PoS, among other future updates), and it's even a possibility it will hard fork again in the future. It's even mutated in the past (ETC vs ETH) as we all know. You see that as a flaw, I see innovation as a feature. My thesis for cryptocurrency as an investment isn't rigid structures immune to improvement and adaptation. You have a completely different thesis for what makes cryptocurrencies valuable. We're speaking two different languages here.
As an aside, Antifragile by Taleb is a great book to read and to think about what cryptos have which features. Its thesis and content are extremely relevant to this whole space.
Quote:
Originally Posted by ___1___
Please explain how Ethereum has "institutional backing with the EEA". I thought the EEA was just companies messing around with private chains of Ethereum.
Fun thought experiment to help anyone reading understand: JP Morgan and Microsoft are interested in Ethereum. They decide they want to throw 1B at it cause y'know why not? What's better for them (and Ethereum as well):
1) Investing 1B in Ethereum (buying Ether and holding it) [In other words: Speculating!]
2) Allocating human resources at it to better learn and understand the architecture of the Ethereum platform. [In other words: Experimenting!]
EEA are not investors looking to buy Ethereum and hold dude. They're companies developing real-world use cases for both public and private blockchains. The driver of "price" for Ethereum will be people actually
using this new technology by radically upending business' models across many different sectors. For a pretty good article of what some of these use cases can be in the near future, click
this click
here for the mission statement and vision of the EEA.
Last edited by Kazuya; 06-14-2017 at 12:50 AM.