that;s a good read? This guy is more scattered brained than a wild animal. It's amazing he can even construct a whole sentence, let alone formulate a thesis and actually support it without drawing colored boxes everywhere. His education clearly betrays him.

It's written by a guy who seems like an egomaniac with a vendetta against ethereum for whatever reasons. Calling Ethereum a scam is a stop-do-not-pass-go argument.

Anyone whose actually opened MIST can attest that Ethereum, in and at whatever iteration you want to call it, works. You can code a simple smart contract and execute it directly inside of MIST... right. now.

He's working on a project that is competing against Augur, so its no surprise that he's against it. I'd pay him more attention if he could actually write a sentence without cropping 20 pictures inbetween every other paragraph.

^ Augur was created from his project. It's not like he is a direct competitor. I've been on the BCT boards a lot, and these ICO's, though sometimes profitable to trade, are mostly scammy projects. Not saying Ethereum is one of them, but most of them are.

And I've been using Ethereum since frontier release. It's really frustrating syncing the blockchain. So slow... Also there's the blockchain bloat to worry about. How many GB is the Ethereum blockchain right now?

May 10th it was 16gb

In under a year already 16GB... Some people are concerned about how bloated Ethereum's blockchain is. And there's also the question of scalability. Which is a problem with all cryptocurrencies.

I think Lisk has the right idea in using sidechains for each project in their network rather than Ethereum's implementation where every project uses a single blockchain. But Lisk has its own problems too.

16gb is nothing really. I think sharding/pos will help with scalability issues.

We'll see. If the network really gets popular, let's see how it all pans out. Same with scalability. A switch to Casper and sharding should solve the problem in theory... And even then it is still arguable.

Man, I was really wrong about the DAO freeroll. Never thought it'd be trading at a discount to the ICO price.

It's probably a good price really. The framework will be fixed.

I think the reason for the discount is because splitting isn't as easy or even a certainty like people assumed. Too many attack vectors that need to be fixed.

Of course to fix these vectors a proposal needs to pass. We'll see how the turnout is at the end of the first batch. Turnout seems low now, but there's no reason to vote early as it locks up your tokens.

The more logical explanation is that the outside traders didn't buy in the minute DAO was listed in the exchanges. Now some people who bought in at the ICO went in with the intention of dumping their tokens in the market expecting a decent profit. Then buy back in after the dump at lower prices. This has been a scheme used by 'devs', traders and insiders in the altcoin scene for years now. Some are legit projects but most are outright scams. Just like the penny stocks scene on the stock market.

Since the DAO didn't create that much action in the market, everyone who bought in during the ICO are holding on to their tokens. That's over 150M USD worth of tokens, keep in mind. You need a solid USD worth of volume and liquidity to stand all of that action. Or at least half of it since not everyone will be dumping.

Also keep in mind, as what went on in the altcoin scene, most of these projects could fail.

DAO's purpose was to pump eth with largest "crowdsale" headlines. i used to think people would split their eth from DAO then DAO would pump but im starting to think it just dies.

New ATHs:

$19...

I guess some Bitcoiners feel rich enough that they can afford to hedge their investments now.

https://cdn-images-1.medium.com/max/...YgH8Fau74Q.png

Jesus, look at that posture.

I am betting heavily on ETH. I like the fact it's beefy and gaining traction, yet with a market cap that has the capability to make it a nice multibagger. I think it outperforms BTC in the coming years. Just hope this guy doesn't die or something.

What is special about ethereum when compared to bitcoin?

Bitcoin is a currency and only that. You can't modify the code to do other functions. Ethereum you can write code to run all sorts of different functions.

There are side chains being developed for btc so you can essentially do the same as ethereum, but they are side chains as opposed to embedded in the main protocol.

Ethereum will also likely move to proof of stake mining in the next year and sharding which if effective (which I only imagine it will be if they decide to implement it) will be vastly superior to bitcoin's proof of work.

Changing to POS is the biggest reason I think it outperforms BTC.

Also, Bitcoin is full:
https://tradeblock.com/bitcoin/

Ethereum has no limits and a much more efficient state machine.

Another thing that should not be underestimated. Ethereum has well organized and well-funded developers.

Bitcoin being full is a short term problem and is fixable. I wouldn't really consider that an advantage ethereum has over bitcoin.

Also, if ethereum does develop safe, secure ways to do POS/sharding there's no reason that bitcoin can't also implement that.

Bitcoin jesus says that Ethereum and Bitcoin are not really competing being that ethereum was developed for different tasks. He used some sort of lego analogy. I don't know enough about it to know if that is accurate. How far do you think the price will go up by the end of the year?

I think AA is right. Ethereum brings new functionalities to the table, but the truth is alot of these functions dont really have a compelling use case for the majority of users right now. And by that, I mean like Bob sending Sally some ETH-- strictly as an exchange of money-- moreover, Bob owing/giving Sally money. The common use case of a TX can certainly change within 5 years, but i'd still bet that the majority of transactions are still xfers of money, and not some abstraction of title, deed, ownership, contract, smart contract, rent, etc. 5 years from now.

Today, and for the foreseeable future, moving bitcoins around is alot easier than Ethereum. I spent 3 hours yesterday syncing my Mist wallet because I finally passed some latent period where I hadn't downloaded hte blockchain in months and Mist would no longer broadcast my txs.

But what's really exciting about Ethereum is that it can be repurposed to become an internet within the internet. So when Mist is actually fully functional, the possibilities for Ethereum's Mist to become a killer app is actually pretty high IMO. People would love access to a distributed and uncensorable portal where a lot of cutting edge apps, businesses, websites are being built on.

This guy watches Rogan!




Just started getting into Ethereum a few weeks ago, before that I knew pretty much nothing. What do you guys use for wallets? I decided to use the MyEtherWallet CX (chrome extension). Seems pretty nice

Hey, are HoboNickels still in circulation? LOL

I have MyEtherWallet as well, but the majority of my ETH are in Kraken.

Is it absolutely terrible to leave it in my Kraken account? I have 155.xxxx ETH, so just over $3200.

Armageddon... DAO hacked.. dETH in freefall.. yikes.. gonna be a rude awakening for a lotta folks in a few hours


https://coinmarketcap.com/currencies/hobonickels/

Yeah. Just heard. But they say the hacker can't withdraw his ETH. We'll see what develops.