Topic: Don't buy eth right now. (Read 1004 times)

Ignore the fud and the hype.  I'm long term excited about this project.

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Even though I think eth will destroy the need and market cap of bitcoin (wait and see).  It won't happen today or tomorrow.  You are buying into a pump.  Wait until things are boring and then don't put off your purchase.

Eth is already better than bitcoin.  People just don't know it yet.  And the ecosystem is coming down the like at an insane rate.  Most popular alts are scams.

Yeah why are you doing that stoat?

And you are lying about my identity and have refused to retract your slander, when I am clearly not the two users you accused me of being and I have even shared my LinkedIn photo and identity.

Why can't you admit that Ethereum's developers suck and after $millions wasted, they still have not solved the most fundamental issue that must be solved in order to make scripting on a block chain work?

The technological challenge with a long-running script on a block chain is verification. The gas (and txn fees) are paid to the winner of the PoW block, not to all miners, but all miners (full nodes) have to endure the SAME cost of verification. Yet not all miners have the same hashrate, thus not all miners have the same income per block. Thus some miners recoup less of their verification costs than other miners. As I explained in greater detail, this forces mining to become 100% centralized in one miner with 100% hashrate.

Ethereum is off on another tangent named Casper, with shards, consensus-by-betting, etc, which is another hopeless and futile attempt to solve a problem that CAN NOT BE SOLVED BECAUSE OF THE INVIOLABLE CAP THEOREM!

Ethereum will never solve this problem and remain decentralized. Never. Thus all the scripts and products being built on top of Ethereum are headed to failure when Ethereum fails to solve the scaling problem of verification in a decentralized manner. Because centralization of scripting is meaningless, we always had that already.

I have solved the problem because I realized verification MUST be centralized (due to the inviolable CAP theorem and the correct understanding that a 100% decentralized system can not solve the Byzantine General's Problem), and thus I instead designed a way to control the centralization of verification with decentralized PoW miners (because each user submits a PoW share with their txn and because PoW mining is rendered UNprofitable for all parties).

So who will be the winner of everything? Me. Not Ethereum. Not to mention that marketing plan is light years ahead of any altcoin, because I will market directly to the millions of masses and achieve millions of adoptions (and be the first coin to do so).

Look I was there at the beginning telling Charles (one of the guys who founded and organized the creation of Ethereum) in Skype that Vitalik's PoW algorithm could be parallelized thus not CPU only, telling him that they could not solve the fundamental problem above, and telling him that they were going to raise too much $ with too many mouths to feed and still wouldn't solve the fundamental problems. Originally Charles was recruiting me to form this company, not Vitalik. But I balked and said I didn't want to raise all that money and I didn't want to start something until I was sure I had solved all fundamental issues. If you don't believe me, go ask Charles.

All the gory details about Ethereum's technical incompetence are here:

https://www.reddit.com/r/ethtrader/comments/42rvm3/truth_about_ethereum_is_being_banned_at/

Enjoy the Ethereum pump while it is hot and while people are ignorant of the truth about the technical incompetence of the Ethereum developers. Eventually the truth will come out and especially when my white papers and coin are released.

Could you please provide to us a link to this announcement by Vitalik?

How do we know the insiders did not sell to themselves and have (intentionally) created a deception which caused P&D fever?

Eth is already better than bitcoin.  People just don't know it yet.  And the ecosystem is coming down the like at an insane rate.  Most popular alts are scams.

Ignore the fud and the hype.  I'm long term excited about this project.  But this is an insane bubble.  It could go to $10 or back to $1.  

Wait until things are boring.  I'm a hodler but would prefer noobs not get burned.  "Remember what it was like buying bitcoin at $10".

This isn't bitcoin.  This isn't a first mover into cryptospace.  Even though I think eth will destroy the need and market cap of bitcoin (wait and see).  It won't happen today or tomorrow.  You are buying into a pump.  Wait until things are boring and then don't put off your purchase.