"Demise of bitcoin under Eth small blocks"
Eth went up 4000% in 6 months, and 40000% in 18 months. There's no denying it's a hype/bubble, but you never know how big they get before they bust.
I stopped caring about ETH when the "code is law" was replaced by a hard fork for private financial gains. Clearly many people love centrally controlled value, but that's not what Bitcoin is about.
ETH is all about promises, but in reality smart contracts are pipe dreams without applications.
Eth went up 4000% in 6 months, and 40000% in 18 months. There's no denying it's a hype/bubble, but you never know how big they get before they bust.
I stopped caring about ETH when the "code is law" was replaced by a hard fork for private financial gains. Clearly many people love centrally controlled value, but that's not what Bitcoin is about.
ETH is all about promises, but in reality smart contracts are pipe dreams without applications.
I 100% agree with this. Anyone that has actually done some reading will realize that Ethereum is nothing at all like bitcoins where code is law (well put) but in fact the lead developer is law. We already have 1000 currencies like that so why do we need another? No one can dethrone bitcoins because everyone would have to agree to it, which not everyone would. Ethereum is on the verge of passing bitcoins market cap. Does that mean it's a $40billion+ 'company'? What makes them different then any other currency with smart contracts capabilities? What about when bitcoins get smart contracts capabilities? Will storj then hop over to bitcoin smart contracts? Sometimes going with the biggest most hyped up currency will inevitably be your biggest downfall. Thankfully bitcoins are still on track from where I expected them to be. A massive correction is taking place because the price shot up too fast. Everyone knew it was coming. My advice (as usual) is HODL on. There is a solid dev team working on the solution and it will be here August 1st. In the grand scheme of things that's not very far away.
