Topic: Are these people completely insane? (Read 1046 times)
It all sounds like "we have huge problems and we do not know how to solve them yet, but you do not understand the smart thing, you'll listen to it and think that we have everything under control. bye"
Many ICOs make no sense but investors hope that some do. Many times it's hard to tell the difference. A racial perspective isn't necessary.
it's not like that investors just don't care they invest only for the profit if they can invest 1 and get 10 they will do it, with if is not hard to make a quick buck because you can be sure that the value after it but the exchange will be higher than the one if the up, at least at launch
it is partly because when something is successful or seems to be successful everyone wants in. that is why 99% of altcoins were created with their advertising motto saying "solving bitcoin's -blank- problem".
the funny thing is one of the main ethereum advertising campaign motto has been "solving bitcoin scaling issue" and now its transactions are delayed! and the transaction fees have gone up too!
p.s. there is always a 1% or maybe more that are good too. you should look deeper into them. i am not familiar with this particular project though. i should check it out.
because the ethereum shill army is only coming online and getting paid during the pumps
the funny thing is one of the main ethereum advertising campaign motto has been "solving bitcoin scaling issue" and now its transactions are delayed! and the transaction fees have gone up too!
p.s. there is always a 1% or maybe more that are good too. you should look deeper into them. i am not familiar with this particular project though. i should check it out.
Seriously, I have been making increasingly critical posts about ETH, smart contracts, and ICO's over the last few days- why is no one shutting me down?
because the ethereum shill army is only coming online and getting paid during the pumps
Also, is it really true no code has been produced for this?
Seems pretty much like saying "Hey, remember how everyone got rich off ethereum? Now I have ethereum 2.0 and it's way better than ethereum, but I can't tell you exactly why or how, but look I created a blockchain based social network so fork over the cash!"
Seems pretty much like saying "Hey, remember how everyone got rich off ethereum? Now I have ethereum 2.0 and it's way better than ethereum, but I can't tell you exactly why or how, but look I created a blockchain based social network so fork over the cash!"
I am watching the EOS consensus presentation.
So you mean to tell me that EOS is supposed to solve ETH's scaling issues, and replace ETH, but it is going to run on the Ethereum blockchain.... and not a single technical proof of why it should be able to run millions of transactions per second.
I remember when people used to accuse bitcoin of being akin to the tulip craze. I could easily refute them in a way a 12 year old could understand. With these ICOs.... I just can't, and there seems to be a total absence of people who can. It's like, I didn't understand bitcoin or ethereum and people made a bunch of money with it, so I should invest in anything I don't understand!!! And then use some buzz words that make it sounds like the next big thing, which will be fine as long as no one asks me to explain the concepts underlying these buzzwords...
So you mean to tell me that EOS is supposed to solve ETH's scaling issues, and replace ETH, but it is going to run on the Ethereum blockchain.... and not a single technical proof of why it should be able to run millions of transactions per second.
I remember when people used to accuse bitcoin of being akin to the tulip craze. I could easily refute them in a way a 12 year old could understand. With these ICOs.... I just can't, and there seems to be a total absence of people who can. It's like, I didn't understand bitcoin or ethereum and people made a bunch of money with it, so I should invest in anything I don't understand!!! And then use some buzz words that make it sounds like the next big thing, which will be fine as long as no one asks me to explain the concepts underlying these buzzwords...
You clearly haven't put in the effort to understand the project. Read the white paper, it should clear some things up.
To respond to your first comment, the erc20 token is just placeholder to jumpstart the projects. The tokens will be ported to the EOS network once it is launched (in 340 days).
Excellent, thank you for answering at least one question. Perhaps you can condense what the technological edge is that will allow it to handle millions of transactions per second is? I did look at the white paper and I was not able to discern what it was- were you?
You clearly haven't put in the effort to understand the project. Read the white paper, it should clear some things up.
To respond to your first comment, the erc20 token is just placeholder to jumpstart the projects. The tokens will be ported to the EOS network once it is launched (in 340 days).
The whitepaper doesn't address any question in vein of "why it will work", though. The model of operation is PoS (with extra bells and whistles), it is not yet known if a PoS model can be scalable and/or fast enough to match their declarations. There's not a single PoS altcoin in the world that has grown to even be comparable with "millions of transactions per second".To respond to your first comment, the erc20 token is just placeholder to jumpstart the projects. The tokens will be ported to the EOS network once it is launched (in 340 days).
PS: I'm not questioning if it can do that theoretically, in a closed ecosystem with all the necessary hardware. But I have doubts as to whether it is possible to do it "naturally" in an open ecosystem, and even stronger doubts about this particular altcoin doing it.
I am watching the EOS consensus presentation.
So you mean to tell me that EOS is supposed to solve ETH's scaling issues, and replace ETH, but it is going to run on the Ethereum blockchain.... and not a single technical proof of why it should be able to run millions of transactions per second.
I remember when people used to accuse bitcoin of being akin to the tulip craze. I could easily refute them in a way a 12 year old could understand. With these ICOs.... I just can't, and there seems to be a total absence of people who can. It's like, I didn't understand bitcoin or ethereum and people made a bunch of money with it, so I should invest in anything I don't understand!!! And then use some buzz words that make it sounds like the next big thing, which will be fine as long as no one asks me to explain the concepts underlying these buzzwords...
So you mean to tell me that EOS is supposed to solve ETH's scaling issues, and replace ETH, but it is going to run on the Ethereum blockchain.... and not a single technical proof of why it should be able to run millions of transactions per second.
I remember when people used to accuse bitcoin of being akin to the tulip craze. I could easily refute them in a way a 12 year old could understand. With these ICOs.... I just can't, and there seems to be a total absence of people who can. It's like, I didn't understand bitcoin or ethereum and people made a bunch of money with it, so I should invest in anything I don't understand!!! And then use some buzz words that make it sounds like the next big thing, which will be fine as long as no one asks me to explain the concepts underlying these buzzwords...
You clearly haven't put in the effort to understand the project. Read the white paper, it should clear some things up.
To respond to your first comment, the erc20 token is just placeholder to jumpstart the projects. The tokens will be ported to the EOS network once it is launched (in 340 days).
Seriously, I have been making increasingly critical posts about ETH, smart contracts, and ICO's over the last few days- why is no one shutting me down? If I were to try to do this with bitcoin I would get eaten alive and turned into a laughing stock in minutes... inactive in the crypto world for a year and a half and I come back and find this insanity.
To put a racial perspective onto this, and please excuse me, but frankly I can't imagine many of these ICO investors are Jewish... Jews seem to be better able to spot traps like these.
To put a racial perspective onto this, and please excuse me, but frankly I can't imagine many of these ICO investors are Jewish... Jews seem to be better able to spot traps like these.
The ICOs are still good to its investors. They go to multiple times their ICO price and stay there. Even the ones that don't perform like that don't drop much below ICO price generally.
That said, I completely agree thatw ICOs are like the tulip mania and that ICOs are what is going to cause the next real crash. ICOs have raised ethereums price to these levels. As soon as it is clear that most projects can't deliver or that it is not worth the amount invested, things will start to spiral downwards.
Also, the really big ICOs only gathered their money in ether. Guess what happens to their funds when ether starts declining.
Many ICOs make no sense but investors hope that some do. Many times it's hard to tell the difference. A racial perspective isn't necessary.
Seriously, I have been making increasingly critical posts about ETH, smart contracts, and ICO's over the last few days- why is no one shutting me down? If I were to try to do this with bitcoin I would get eaten alive and turned into a laughing stock in minutes... inactive in the crypto world for a year and a half and I come back and find this insanity.
To put a racial perspective onto this, and please excuse me, but frankly I can't imagine many of these ICO investors are Jewish... Jews seem to be better able to spot traps like these.
To put a racial perspective onto this, and please excuse me, but frankly I can't imagine many of these ICO investors are Jewish... Jews seem to be better able to spot traps like these.
I am watching the EOS consensus presentation.
So you mean to tell me that EOS is supposed to solve ETH's scaling issues, and replace ETH, but it is going to run on the Ethereum blockchain.... and not a single technical proof of why it should be able to run millions of transactions per second.
I remember when people used to accuse bitcoin of being akin to the tulip craze. I could easily refute them in a way a 12 year old could understand. With these ICOs.... I just can't, and there seems to be a total absence of people who can. It's like, I didn't understand bitcoin or ethereum and people made a bunch of money with it, so I should invest in anything I don't understand!!! And then use some buzz words that make it sounds like the next big thing, which will be fine as long as no one asks me to explain the concepts underlying these buzzwords...
So you mean to tell me that EOS is supposed to solve ETH's scaling issues, and replace ETH, but it is going to run on the Ethereum blockchain.... and not a single technical proof of why it should be able to run millions of transactions per second.
I remember when people used to accuse bitcoin of being akin to the tulip craze. I could easily refute them in a way a 12 year old could understand. With these ICOs.... I just can't, and there seems to be a total absence of people who can. It's like, I didn't understand bitcoin or ethereum and people made a bunch of money with it, so I should invest in anything I don't understand!!! And then use some buzz words that make it sounds like the next big thing, which will be fine as long as no one asks me to explain the concepts underlying these buzzwords...
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