/biz/ - Business & Finance

ETH is getting no upgrades for two years. Why the fuck are you holding it? There have been zero good dapps made and no one is using ETH to buy ICOs anymore

>>10397981
Really. When the fuck did that happen? I'm constantly reading forums and I've never heard this yet

I guess it's going up now...

price was great like 12 hrs ago, but over the past 9 hrs the shit has been shooting up and aint going back down

>>10397981
lmao what a fucking retard

>>10397981

>>10397965
yet another russian scam
go to netflix, and watch russian hustle

>>10397965
let me explain it to you: ETH is a bullshit incredibly overpriced bubble tulip level platform only used for scammy ICO, kitties and Ponzi games with no real usecase, moreover, ETH is still an alt, and alts crash harder than BTC when BTC silently moons, are you new? also, this hype market run in December was largely due to shit ERC20 tokens, they're dying so their big daddy ETH will die too, oh, and finally, ICOs are mostly paid in ETH, these projects are holding onto millions of ETH which they will dump on the market slowly and suppress the price, kek

>>10398399
>>10398415
Instead of insulting him could you please refute him with examples? Is it true no updates for two years? Name some good dapps? Are icos doing well?

>>10397965
1. Doesn't scale
2. 1TB + Blockchain
3. No useful DAPPS yet
4. Crawls during Cryptokitties-esque crazes
5. Loop to point 1

ZIL has solved sharding, much more upsight. HOT also has HUGE upside, why would anybody want this dinosaur shit?

>>10398484
>plz buy my bags sirs

>>10397965
faggots selling their eth to buy btc

We are going up now.

>>10398484
>Why would a decentralized network have scaling issues When everyone wants to use it
>My obscure shitcoin network scales perfectly because nobody uses it

Fucking brainlet, ETH has the issues it has because none of the other projects have a piss drop in a rainstorms amount of usage compared to Ethereum.

>>10397965
price discovery, turns out ETH aint worth shit compared to BTC

those that have been around a while would have seen this coming

>>10397981
>>10398415
>>10398399
Is he wrong? Isn't it true that ETH is getting no major upgrades for two years? Can you provide evidence to the contrary?

>>10398664
Casper is going to be released next year, Sharding in 2020.
Both of these are MAJOR upgrades with tons of R&D behind it and the best compromise between decentralization, speed and security.

>>10398690
so no major upgrades for literally years on end lol, it's 2018 btw

"next year" for casper for like 2 years now btw

I love ETH but come on m8

>>10398641
But BTC is even more useless then ETH.

>>10398708
ETH is a centralized shit abortion

>>10398705
PoS on Ethereum is going to be huge and it's coming in 2019.
If it doesn't they might be in trouble, but a timespan of 2 years is nothing in software development.

>>10398705
This isn't your annual fucking call of duty release you brainlet
these things take time
it's not like they can patch this if it's broken, they're dealing with BILLIONS worth of dollars here that can discredit their entire project.
Shut the fuck up and be patient.

>>10398690
sharting doesn't solve centralization
it just obscures what a full node is

>>10398750
>and it's coming in 2019.
yeah, it's totally coming™
it's on the way, goyim™

>>10398443
/thread

>>10398759
400m in parity was done well
can't wait to see what other projects ethereum has in store

>>10398708
You're right. People can rip on ETH all they want, but anything BTC does, ETH does better. And it is the most active platform currently being developed on. There is literally no argument that makes the tech of BTC better than ETH. Literally. No. Argument.

>>10398745
Nope. It is not. I don't understand where you're getting this from?

>>10398443
>ERC20 tokens, they're dying so their big daddy ETH will die too

That's not true. Look at the potential Coinbase listings. A few are ERC20 Tokens, and they're big deals with lots of potential.

>>10398804
>I don't understand where you're getting this from?
from the developers?

try to run a ethereum node nigger, you can't.

There is also no point to use BTC in the future as a store of value coin when ETH has PoS and you can earn dividends by just holding on to it.
With the hybrid PoWPoS model ETH is going to be fairly decentralized with their spec of sharding (state sharding) being superior to all the other implementations.

This is going to take time though and you can't cut corners at this point.

>>10398842
you brainlets never cease to amaze me

>>10398443
No, I'm actually not new. I've been watching the market since 2011 (never got in until 2017 due to life reasons). I don't agree that ethereum is useless. ETH can be traded for anything, btw. Not just shitcoins.

>>10397965
Flippening is coming btw :^]

>>10398855
can you elaborate?

>>10398821
>try to run a ethereum node nigger, you can't.
What about Parity?

>>10398805
>they're big deals with lots of potential.
Is this a joke?

>>10398954
what about it
all their solutions just obscure decentralized security
at the end of the say there will only be a couple datacenters keeping a record of the blockchain

>>10398750
And two years in crypto will cycle x100 and -99% a few times.

>>10398963
>BAT and 0x aren't a big deal
>actual projects with working products and meaningful tokens do not have lots of potential

Off yourself.

>>10399035
This is what people think, but in reality 5 years from now all of the garbage projects from today that never got past a whitepaper will be gone and ETH will still be around as a much better product than it is now.

You have to decide if this means that ETH is going up from here or the altcoin craze was just a bubble and people will stay loyal to BTC. I personally don't think the latter is the case and once PoS gets implemented into Ethereum things are going to get very interesting.

>>10398990
Reminds me of the old indian proverb where ranjeet and pajeet are sitting on a hill overlooking mumbai. ranjeet says to pajeet, "let's run down there and shit on the street". Then pajeet says, "no no ranjeet, lets walk down there and shit on all the streets". Do you see, sir?

>>10398664
ETH is a broken shitcoin, just like every other altcoin.

ahh, fucking eth crypto newfags are finally realizing their coin of choice is a turd. finally this bloated hog can die and the rest of crypto can move forward. eth=pets.com

>>10399104
>>10398484
Except that nobody gives a fuck about the blockchain size. The official wallet (with geth) supports "light syncing" mode, which is like 0.5-1GB.

>>10397965
eth was either going to break out above or below 0.07 btc
it broke below and will most likely trade between 0.04 and 0.06 for a while
im glad i didnt put my bitcoin into eth

>>10397965
This man happened

my guess is that ethereum will be the second proof of work chain next to bitcoin
eos will fill roles that ethereum cant because of scaling issues
also, eos has half the trading volume of ethereum but only a fifth of its market cap
people will continue to use ethereum for security purposes but anything that wants to sacrifice high transaction volume for low cost will use eos
i, personally, would still much rather hold a security token on a registered ethereum adress and get paid dividends in tether than holding a security token on eos, where my account can simply be frozen, or anythign like that

>>10399229
eww

>>10397981
>software is being developed over the next 2 years so it actually works when it's released, unlike lightning network
>"no upgrades for 2 years"
it's pottery

>>10398664
Didnt vitalik recently tweeet plasma would be done soon?
>inb4 jun soon ;)

>>10399625
By the time it "works" everyone will have moved on to better blockchains. The problems have already been effectively solved by others. Ethereum has no advantage other than their head start with adoption. That won't last two years.

>>10399664
>better blockchains
>problems have already been effectively solved by others
so which blockchains are these?

>>10399674
See: >>10399229

EOS has already set the record for most tpx on a blockchain. They already have dapps that would be impossible to build on current Ethereum. And your only argument against this will be >m-muh centralized!

>>10399722
kek. you know telling lies is against the EOS constitution right? enjoy having your funds confiscated. you can't meme away a fatal flaw.

>>10399734
What lie?

>>10399744
god you're such a fucking shill. I guess you worded it so carefully and strategically so you could use the "what lie" line next. most EOS shills are just pants on head retarded speculators and constantly spam "better than ETH" but you seem much more rehearsed.

>>10397965

EOS became an ETH whale with their ICO. They’ve been dumping that ETH consistently over the past few weeks to drop ETH’s price and also spamming the ETH network to try to make their own clusterfuck of a mainnet launch look better. Plus there’s like 1000 alts out there that promise to do what ETH is doing, but better and cheaper, while ETH has essentially confirmed it’ll be at least 18 months before scaling solutions are deployed.

>>10399779
fucking lol. Just face it, Ethereum has already been dethroned. If they don't at least match EOS's performance within the next 6 months there will be no looking back.

bitcoin is never going to die as long as cryptocurrencies are supposed to represent value
ethereum is never going to die unless everybody stops launching new tokens or ICOs on their platform, of which there is no sign of

>>10399902
you're right. I should just accept the loss. I would switch to EOS, but the BPs have disabled smart contract deployment on mainnet with no notice and no reason why, so EOS can't host any smart contracts at all now. sucks.

here's the github issue for it:
https://github.com/EOSIO/eos/issues/4821

Top 2 Dapps are fucking ponzis, let that sink in. Top dapps are scams. Is there no real value in this thing other than gambling, trading and scams?

>>10399937
thats got nothing to do with ethereum, and everything to do with the fact that this space is now full of worthless late adopters trying to get rich after missing out on crypto.

>>10398484
>he doesn't use geth

>>10399927
It's nice to be able to protect people from exploits and bugs that cause them to lose all their money, isn't it? This is why developers and institutions like it. Your argument is based on nothing but blind ideology. Go back to plebbit.

>>10399937
Reminds me of the old indian proverb where ranjeet and pajeet are sitting on a hill overlooking mumbai. ranjeet says to pajeet, "let's run down there and shit on the street". Then pajeet says, "no no ranjeet, lets walk down there and shit on all the streets". Do you see, sir??

>>10399954
It's got everything to do with ethereum. No one has been able to find a legit use case after 3 years due to the technical limitations.

>Is he wrong? Isn't it true that ETH is getting no major upgrades for two years? Can you provide evidence to the contrary?

>>10398690
>>10399656

excellent counter examples. also those dapps you linked mentioned truly gonna revolutionize the world.

ETH $1,000,000 BY END OF HOUR

>>10399959
wow, you really are retarded. let me lay it out for you.

this means:
>it's completely centralized because BPs can freeze the network
>and because it's centralized, the network has to be frozen because EVERYONE would lose EVERYTHING if the bug got loose (and it already is for EOS which is why they froze it)

if a network is decentralized, then there's no reason to freeze it. enjoy your scamcoin.

>>10398690
also casper was meant to be released 2017 summer. it was actually built-in the protocol to make ETH unusable (iceage) if the casper hardfork doesn't happen.

so iceage was overridden to give more time. what the fuck makes you think they'll actually get it done next year? they literally haven't gotten anything done for 2 years.

>>10400008
>it's completely centralized because BPs can freeze the network
You don't know what the word centralized even means, good to know. If those BP's do something that people don't like they will just be kicked out by token holders you fucking brainlet. It's funny how I called it like 5 posts ago.

>m-muh centralized.
Enjoy watching your project slowly die and missing out on the future, faggot

>>10398708
>>10398804

you literally have no idea what BTC is about and what truly gives it its value and i don't feel like educating you here, sorry.

but try to do yourselves a favor and not try to reason for cryptocurrency value because you're clearly far too dumb to comprehend them. you're welcome.

>>10400023
you're right, sorry. amazon AWS i mean EOS is definitely the best.

>>10397981
This
Ethereum is a shitcoin, and no, the fact that the rest of the market is even worse doesn't justify ETh's market cap. Into the trash it goes

>>10400039
woah you got me good there anon

>>10400052
the fact you don't realize AWS is a million times better for institutions is laughable. but no, keep believing american companies are going to invest in a chain that can freeze and confiscate their assets with no recourse.

>>10399166
>The official wallet (with geth) supports "light syncing" mode, which is like 0.5-1GB.
yeah sounds really secure

>>10399963

Woah.

>>10400075
>thinking you're smarter than Peter Thiel
>thinking you're smarter than $6 billion of institutional money
>thinking you're smarter than the man who created the only blockchain platform with mainstream adoption
Anon I....

>>10398690
>being so retarded that you don't even realize you just proved his point
Average ETH holder everyone.

1400-1500$ again?

>>10400075
I don't think you understand the concept of development. It takes time for revolutionary technology to mature. It is still very early and it will take years for it to be "ready" for world-wide adoption.

By the way, you're a moron to think AWS is a million times better.

>>10400128
>believing the bullshit you read on r/EOS

ETH is going to $500 soon.
YOU HAVE BEEN WARNED

>>10400128
>Peter Thiel
People who think EOS is amazing because this fag invested in it are retarded. He's a massively wealthy VC, you have no idea how many things he invests in that actually don't pan out.

>>10400184
Do you? How many things has he put more than $2 billion in that didn't pan out?

>>10397965
>I thought BTC was supposed to die???

>>10399858
There are plenty of currency coins that are better and cheaper than Bitcoin but does that really matter? It's all about popularity and first mover advantage.

>>10397965
Anyone who legitimately thought BTC was just gonna die deserves to lose it all bagholding worthless shitcoins

>>10400621
>>10400653

It was a joke.

>>10400167
any doption is already priced in 10 times in most of those blockchains, ethereum, eos, whatever, they might be advanced tech wise but as an investment they are shitcoins

You nincompoops are gonna apologize to ETH in months to come when scalability gets implemented per their roadmap.

ETH has been battle-hardened, stress-tested, and widely supported, and 99% of alts can't be said of the same.

>>10400737
ETH has been hardforked to recover funds, has an endless supply, and an endless blockchain size
There's a pretty good propaganda campaign to recover parity funds too "oh it will all go back into development goy hardfork for us"

>>10398416
Kek

>>10398443
>ETH is a bullshit incredibly overpriced bubble tulip level platform only used for scammy ICO, kitties and Ponzi games with no real usecase
as opposed to btc whose only 'usecase' today is speculating on its price

>>10399072
And here I was, as a nocoiner, thinking that $500 in HOT and $500 suicide insurance in LINK would release me from wagecuckery.

>>10401540
>ETH is shit but so is BTC so it's okay

holding eth feels strange
99% of the posts ITT make it obvious we are still extremely early adopters because even most fudders don't understand the actual problems with the platform
but there are actual problems with the platform, specifically governance (parity corruption/bailouts etc.)
it's really a coin flip whether ethereum succeeds or blows up
but anyone who thinks any other blockchain project that isn't bitcoin has an objectively higher chance suffers from dunning-kruger
prediction: if ethereum crashes to near zero, so will eos, cardano, iota, stellar, tezos, zilliqa... there is no current "ethereum killer" that stands under scrutiny
although it might be best for the industry if a worthy ethereum killer does show up, because fuck if the space isn't infested with bad actors right now. burning it down to the ground, along with bitcoin, might be the best solution if we want a truly global and decentralized network

>>10397981
Are you retarded lol? At least make an effort to fud

>>10400084
It is secure

>>10401614
>prediction: if ethereum crashes to near zero, so will eos, cardano, iota, stellar, tezos, zilliqa... there is no current "ethereum killer" that stands under scrutiny
Delusional. Also Ethereum will never crash to zero. It will be a slow, painful death, but it will never hit zero. It will fade into obscurity.

>>10401540
digital gold alternative, hedge against the kikes, the most hash power

>b-but muh supercomputer
>b-but muh dapps
S H I T C O I N

>>10401654
open a prediction market on augur and i'll take the opposite position

>>10401614
I am a nocoiner. Will buying 1000 USD worth of HOT save me from wagecuckery? Please share your wisdom.

Serious question: why has ETH been outperformed by BTC, BCH, and LTC over the past month? I'm balls deep in ETH so this isn't a FUD question.

>>10397981
>zero good dapps
>literally the biggest dapp ever made, Augur, just released 2 weeks ago, already has 1.5MM in the smart contract

>>10401748
Not buying coins will guarantee you a life of wagecuckery. Don't listen to these fucks though, put a consistent amount in every week (or month) and don't try to time the market too hard. Long consistent investment over years or decades is the best way to make it.
HOLO is good. Lots of good coins though.

>>10401692
>digital gold alternative
delusion. Anything that falls 70% in few months is worthless as a store of value.
It's a decentralized ponzi, that's all it is. The most popular one due to being the first.
>the most hash power
how do you even know that, hashrate between different pows is not comparable.

>>10401704
I'd rather speculate on projects I believe in than projects I don't.

>>10401871
Don't burst his 'store of value' bubble. It's all the bcore cucks have left since they refuse to innovate.

>>10401807
I'm not gonna defend bch or ltc because they are just copy cats, but eth has a long way down to go, sharding in 2020, look at eth's market cap, I think even vitlik himself said that the real price based on usage is within single digits.
Dapps and smart contracts are useless without something lik Chainlink and all the scam icos are cashing out their eth from crowdsales.

>>10397965
I love ETH, I use it every day and have been for over a year. The 14s block times have made it so much more usable.

>>10401704
this desu. Augur potentially can eat whole derivative market which often estimated 10^15$, i wonder why no one shall Augur, it's no-brainer musthave token.

>>10397965
BTC is the only crypto the rest are scams this is the final redpill

>>10401748

Holo is good. I’m pretty confident that would be worth anywhere from $250k to $1 million in 3-5 years. Holo was designed to get up to about $1 per coin if all goes well and the tech and dev community is light years ahead of all the supposed “ETH killers.” Just be patient and HODL. I’m a big Holofag who, after preaching the importance of hodling this, just tried to time the market against my instincts and it cost me 30% of my stack when it pumped another 30% after I went to bed. It feels bad. Don’t be like me, anon. I’m going to dump all my other alts for Holo this weekend when the Binance dump is complete.

there sure is a lot of holo shilling in this eth thread

>>10401807

ETH has had a lot of network issues and won’t implement scaling solutions until next year at the earliest while its competitors are all launching mainnet a everywhere and promising much better performance. Also, the EOS team has been dumping their huge stack of ETH regularly to suppress the price while they spam the ETH network to make EOS look better by comparison. Not a good time to hold or buy ETH.

>>10402023
sounds like a perfect time to hodl eth. Why in the fuck would I sell when the suppression is temporary?

>>10402023
>blaming EOS for Ethereum's failures
Sure is plebbit in here

>>10401807
previous anon gave you some good pointers (save for chainlink comment, heh)
other factors:
- eth asics have been active since early january and push pressure downwards
- parity corruption shenanigans have encouraged certain significant investors to reduce their stake (etherscan is your friend on this)
eth is about 20x overvalued, and even if all other crypto projects are 100x overvalued, the market isn't necessarily rational

>>10401871
Because it's still fucking relatively new, the market cap is still low and volume isn't what it's gonna be in the future so of course price swings will be big in the beginning. You think gold has been going up in a straight line?

>>10401895
core cucks will make more money than deluded tech-cucks.
you have to be a brainlet to believe that you will get rich off of tech in an open source industry LMAO
>inb4 hurr I already got rich off of ethereum
yea, but thanks to speculation, not because there is any real demand for eth tokens.

>>10402023
>price being suppressed
>not a good time to buy

>>10402065
> core cucks will make more money than deluded tech-cucks.
There it is, the entire reason that BTC refuses to innovate in a nutshell.
I don't give a fuck about your boomer bcore wealth. It won't function on a large scale or address any societal needs.
I'm banking on adoption and usage. Used to hold BTC (for years) btw.

The only good coin besides ETH is KMD. It will be used to secure blockchains such as KMD and other dapps. No one cares now but once someone gets mine attacked or shadowmined you will all be begging for a dPoW system to secure the blockchains

>>10402140
inb4 RSK and lightning network bring BTC to the next level

>>10402140
dude, the fact that we have a deflationary asset that can be sent everywhere, anytime and can't be confiscated is already more than enough.
Fighting inflation is the most important societal need.
Give me example what other use cases do you see in crypto that you're gonna use yourself, assuming they work as they promise (kek), call me boring or whatever, but I fail to see how any of the shit all those scammers promise could ever be useful for me, all I hear is, oh, it's gonna reduce the cost for this company or for that bank, but why should I give a fuck when I don't even have anything to do with those companies in the first place.
Also eth is inflationary, can be forked and used as a private blockchain,
bitcoin is gonna outperform any tech-based shitcoins because scaling will take years and the store of value meme as you guys call it doesn't need any sudden improvements, stay emotionally attached to your pie-in-the-sky "platforms" while I'm gonna be printing money with btc for the next months

>>10402065
>Because it's still fucking relatively new
It's 9.5 years old. Ethereum is 3 years old and already has bigger adoption than btc.
I can see btc etf driving a short-term bubble in btc, but it has no long-term future. Anything with pow can't rise too much. Mining right now consumes ~3% of btc's market cap annually. At 1T that's $30B, where's that money supposed to come from? $300B at $10T.
Halving in two years, 1.5% is still a lot.

Only non-mining coins can truly moon. Ethereum with full PoS can be at $10T+ for years.

>>10402281
>dude, the fact that we have a deflationary asset
lmao. BTC has ~3.3% percent inflation.
Ethereum has ~7.7% but it's going to be zero for stakers after PoS happens. It looks like next hardfork (Q3/Q4 2018 probably) will give a 33% reduction.

>>10401614

ETH coper

Bitcoin continues to piss down your neck

Who would have thought that a shitcoin made by one 19 yo deluded aspie would suck? Maybe you have yet to read the Ethereal Verses

Jesus Christ, even typing Eth makes me feel like I'm going to wake up one day as a 40 year old virgin with a net worth as low as you.

Just get out of crypto and put your money in housing, if you don't understand why Eth is shit and Bitcoin is the ONLY CRYPTO THAT MATTERS, you're another deluded aspie who himself is waist deep in the Dunning Kruger

p.s. it's always the people that point out Dunning Kruger first that are the most severely affected by its effect

>>10402347
>>10402311
>He actually thinks PoS is going to happen
cute

>>10402311
mining consumes as much as people are willing to pay for it I don't see how is that a problem,
>Only non-mining coins can truly moon.
Why?

>>10402347
yea but with btc, the 21million coins are already priced in, tell me what is the ultimate number of ethers that will ever exist?

>>10402460
>mining consumes as much as people are willing to pay for it I don't see how is that a problem
Mining revenue is a percentage of the market cap, which means market cap is directly determined by how much people are willing to pay continuously.
Miners have to sell most of bitcoins they get for energy and hardware, competition prevents profits too high.

Cost of staking in PoS is insignificant, so there's no forced selling regardless of price.
>>10402460
>tell me what is the ultimate number of ethers that will ever exist?
Maybe 133M, but what actually matters is how many ethers are there when full PoS arrives.

>>10402393

t. core cuck

ethereum is going to be the most forked coin in the next couple years
there's so much controversial shit on the horizon
no cap on how many coins printed, parity fork, scaling forks
and they'll probably cry and blame bitcoiners again like they did when etc gained popularity after the DAO fork

the eth FUD is starting again

you newfags wouldn't know this, but this is bullish AF

reminds me of early 2017

>>10401887
So you're passing up on supposedly free money? Or your conviction is not strong enough?

>>10403682
What free money? All of my money is already tied up, and I can make more money on holding EOS than shorting Ethereum.

>>10402393
>i-if you don't like gay people you're secretlY GAY! haha...
nice reddit logic to go with that reddit spacing, my man
it's somewhat amazing: btc is on an uptrend, and you're still so scared to lose the wealth you know you wouldn't be able to acquire through any means other than luck, as a bitcoin maximalist you manage to take offense at a post saying "ethereum is pure gamble and might go to 0, just like anything that isn't bitcoin"
repeat for emphasis: my post was literally giving bitcoin the highest praise from a "store of value" perspective, and you managed to get upset at that as a btc holder
if you feel threatened by eth, you shouldn't hold btc. it's going to gnaw away at your spirit. and i'm going to repeat it for the THIRD time before your retarded ass flips out, personally i don't think btc holders should feel threatened by eth

>>10401970
>the usd is a scam so it cant be valuable
All about adoption anon, scam or no scam.

>>10401996
This is a fucking joke right? Lol come on. Circulating supply is 133 billion... That's out of 177 billion. The remaining tokens are who knows where. I'm sure devs own them, meaning they will dump in massive amounts.

>>10397965
You must be a new faggot. Same thing happened in early December 2017 ETHBTC went to 0.03ish...