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06-12-2017 , 11:02 PM
Kazuya, what exactly has started successfully "coming to fruition" regarding Ethereum?
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06-13-2017 , 12:14 AM
Meh i did try to get on the train early but failed however after doing more research it does look like an over valued coin right now .

What are you guys takes on etherium classic? I know they are rivals but I'm thinking of speculating in etc now and will most likely buy some ether once a correction happens although doesn't seem like it will any time soon lol
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06-13-2017 , 12:24 AM
Once ETH surpasses BTC marketcap some CrapCoin or AltCoins or whatever you want to call them will take some of the marketcap $$$. ETH is still the easy money for now. ETH should surpasss BTC by about noon tomorrow probably?? So check back with me then ill let you know whats next!!
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06-13-2017 , 12:31 AM
Classic is trash. buy it if you wish. They are not really rivals, more an old version and the current version. Speculation wise this probably makes little difference, although any "eth news" won't be anything to do with the old chain so don't act on it if you're expecting it to move the market.
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06-13-2017 , 12:33 AM
Quote:
Originally Posted by Zenzor

also,

Regarding ETH, this is nonsense.

Bitcoin doesn't have an immutable chain, Both ETH and ETC are historically much more immutable than BTC.
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06-13-2017 , 12:55 AM
Rodmann in a Potcoin shirt chillin in North Korea, how could this go wrong? buy buy buy
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06-13-2017 , 03:47 AM
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Originally Posted by aggo
0 use case
0 product
0 proof of concept
0 business plan


Icos are the future!!!!!!!


Did Bitcoin have all of these when it first started? Does it now? Does it matter? Arent some of these inherent to what it is?
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06-13-2017 , 04:55 AM
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.
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06-13-2017 , 05:50 AM
Kazuya please keep posting, myself and loads of others are finding your posts extremely helpful. aggo we get it, you don't like eth. Maybe find something else to do with your time or construct reasoned arguments, repeating the same crap over and over isn't advancing the discussion.
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06-13-2017 , 06:14 AM
I think the negatives in this thread 'could' be a good thing. It might bring a bit of balance to things. (Maybe in a less aggressive way though)

Without someone bringing it down a little I'd of probably pumped my entire net worth into ETH based on the thread haha
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06-13-2017 , 09:28 AM
ETC is generally trash but is an ok hedge against eth if you believe in the platform.
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06-13-2017 , 09:32 AM
Quote:
Originally Posted by _dave_
Regarding ETH, this is nonsense.

Bitcoin doesn't have an immutable chain, Both ETH and ETC are historically much more immutable than BTC.
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.
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06-13-2017 , 09:39 AM
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.
Please explain how Ethereum has "institutional backing with the EEA". I thought the EEA was just companies messing around with private chains of Ethereum.
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06-13-2017 , 11:26 PM
Added some more to my ETH position today.

Really seems like it literally 100% of the time hits $500 this year. Will prolly reevaluate at that price.
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06-14-2017 , 12:18 AM
Quote:
Originally Posted by _dave_
As far as I've read, one should be VERY careful cashing out to a UK bank if you value the accounts. Most well known high street banks are extremely trigger-happy for closing accounts with anything related to crypto.
Fidor is the only one I have found that explicity said crypto transactions are fine
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06-14-2017 , 12:29 AM
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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.
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06-14-2017 , 12:35 AM
Also,

I appreciate the comments of a couple posters. If I do decide to stop posting due to trolls I'll be sure to let you know that you, the non-trolls can always PM me np and I'd get back to you. Or if anyone is ever in Vancouver I'd be happy to meet up for a coffee and just talk Eth!
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06-14-2017 , 12:49 AM
So I thought about selling some ETH today because I'm a rich *****. My plan was to hold for the long haul. Then I thought about it. Why the **** would I sell because the short term price has exceeded my expectations?

The only reason to sell is if I need the money or if I think I have a better investment. Well my other investment opportunities seem to be 5-8% a year. I think cryptos will blow that away over the next few years. LET IT ****ING RIDE!
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06-14-2017 , 01:02 AM
Quote:
Originally Posted by onemoretimes
So I thought about selling some ETH today because I'm a rich *****. My plan was to hold for the long haul. Then I thought about it. Why the **** would I sell because the short term price has exceeded my expectations?

The only reason to sell is if I need the money or if I think I have a better investment. Well my other investment opportunities seem to be 5-8% a year. I think cryptos will blow that away over the next few years. LET IT ****ING RIDE!
If you need $ just stake when PoS comes and for next ~18 months or so scrape by without selling . Agreed last few months gains are fun but whatever. If the underlying concept is there, it's there, so no reason to pull out early unless the psychological barrier of potentially losing your investment is too much to handle and/or price fluctuations bother you. That being said, yeah the short-term gains are fun and I'll quote this post in 5 months when I do the financially responsible thing of ordering a car with a vanity plate. #ETHER
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06-14-2017 , 01:10 AM
Quote:
Originally Posted by Kazuya
when I do the financially responsible thing of ordering a car with a vanity plate. #ETHER
lol!
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06-14-2017 , 02:07 AM
Quote:
Originally Posted by onemoretimes
So I thought about selling some ETH today because I'm a rich *****. My plan was to hold for the long haul. Then I thought about it. Why the **** would I sell because the short term price has exceeded my expectations?

The only reason to sell is if I need the money or if I think I have a better investment. Well my other investment opportunities seem to be 5-8% a year. I think cryptos will blow that away over the next few years. LET IT ****ING RIDE!
Coulda been in almost any alt coin and made 15-20% immediatly following "Mondays rebound" is one reason to perhaps unload some. But sure ez money is hold ETH long haul, and if the Q is ETH or USD always ETH!!
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06-14-2017 , 02:13 AM
Quote:
Originally Posted by boohaa12
Coulda been in almost any alt coin and made 15-20% immediatly following "Mondays rebound" is one reason to perhaps unload some. But sure ez money is hold ETH long haul, and if the Q is ETH or USD always ETH!!
Ain't talking bout mondays rebound. Talking bout $10 Ether
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06-14-2017 , 02:27 AM
Quote:
Originally Posted by onemoretimes
So I thought about selling some ETH today because I'm a rich *****. My plan was to hold for the long haul. Then I thought about it. Why the **** would I sell because the short term price has exceeded my expectations?

The only reason to sell is if I need the money or if I think I have a better investment. Well my other investment opportunities seem to be 5-8% a year. I think cryptos will blow that away over the next few years. LET IT ****ING RIDE!
how much eth you got?

% of your net worth?
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06-14-2017 , 02:46 AM
If I wanted to say I prolly would have.

I will say it's a large % of my net worth though.

I do have a wife who's going to graduate school in 65 days and start making sick bank so I can just let this **** ride.


My wife has said I've seemed a little bit "disconnected".

I described it to her as "It's kind of like the biggest hand of poker I've ever played, and I have a lot of time to think about it."

Then I banged the **** outta her because I ain't that disconnected.

Gave her this, explains it all.
https://www.reddit.com/r/ethtrader/c...vs_girlfriend/

Last edited by onemoretimes; 06-14-2017 at 02:53 AM.
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06-14-2017 , 02:54 AM
hmmmm
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