ETH price soaring. Are you going to move some BTC into ETH? - page 88.

mtnsaa

legendary

Activity: 1568

Merit: 1000

Quote from: paratox on March 03, 2016, 07:05:37 PM

Quote from: Minecache on March 03, 2016, 03:24:48 PM

I'm in both camps, Ethereum and Bitcoin. I can envisage the utility of both. Bitcoin and a storage of wealth and Ethereum as the world computer fulfilling smart contracts, etc. What I don't understand is why the diehards Bitcoin fanatics cannot see this. The Bitcoin community cannot even decide on changing one digit for gods sake. Ethereum seems to have more authority and leadership guiding it to its goal. Long may it last.

I really like the idea of Ethereum and the sheer endless possibilities it creates. You could say I value Ethereum highly for what it can be.

But I'm unable to grasp the reason why the tokens should have a high price for Ethereum to work? The tokens are used to run the DAPPs, right? Do the DAPPs run better when the tokens are more expensive?

The price right now is pure speculation as we can't really quantify how much one Ether cost. However, keeping in mind that there's "only" 72 million (I know there will be more each year) and considering the potential it has to actually be adopted and used (unlike Bitcoin, which 99% of the population doesn't own or care about) then you can infer that 1 Ether should have a relative high value if that makes sense.

Imagine if institutions and companies around the world (like Microsoft and Reuters in recent news) start developing dapps and using Ethereum blockchain. All this massive platform require fuel to work, and Ether being divisible like Bitcoin, well then, I'm not saying it should cost $10, $100, $1000 or more but if Bitcoin went to $1300 with such a bad name and minuscule user base then anything can happen.

stoat

sr. member

Activity: 686

Merit: 270

FREEDOM RESERVE

Sounds like justifications i used to hear from nocoiners about how bitcoin shouldn't really have a high price. It is what it is. The price is the price.

The dapps are unaffected by the price of ETH because the computation is geared internally by "gas" so whatever the price of ETH the dapps work as coded

paratox

full member

Activity: 124

Merit: 100

Quote from: Minecache on March 03, 2016, 03:24:48 PM

I'm in both camps, Ethereum and Bitcoin. I can envisage the utility of both. Bitcoin and a storage of wealth and Ethereum as the world computer fulfilling smart contracts, etc. What I don't understand is why the diehards Bitcoin fanatics cannot see this. The Bitcoin community cannot even decide on changing one digit for gods sake. Ethereum seems to have more authority and leadership guiding it to its goal. Long may it last.

I really like the idea of Ethereum and the sheer endless possibilities it creates. You could say I value Ethereum highly for what it can be.

But I'm unable to grasp the reason why the tokens should have a high price for Ethereum to work? The tokens are used to run the DAPPs, right? Do the DAPPs run better when the tokens are more expensive?

adaseb

legendary

Activity: 3808

Merit: 1723

So basically the big banks and Microsoft aren't really using the same Ethereum blockchain that we are using now? They just copied the Eth blockchain and are using it privately?

Doesn't make sense why ETH will go up then since they aren't actually promoting the coin.

Honestly ive been into Bitcoin for years but the jargon that is used to describe what is going on with Ethereum and Blockchain and Microsoft is very hard to grasp.

CCV.IO

newbie

Activity: 54

Merit: 0

Let's put it simply that way: If you think of Bitcoin as a decentralized version of Microsoft Excel, then Ethereum is a decentralized Excel where we’ve made the visual basic macros functional.

Ethereum is a programming language that lives on top of a "blockchain"—a concept invented six years ago with the launch of Bitcoin. Bitcoin was the original blockchain. It was meant to be "the proof of concept" from satoshi nakamoto. However, Bitcoin has a very limited scripting language that allows it to check if transactions are in the proper format and other things. Ethereum wants to replace that simple scripting language with a much more powerful turing complete language.

Meech

hero member

Activity: 924

Merit: 1000

Wow... Increasing by a dollar+ a day is huge, surpassing Litecoin even more. It has a strong backing and since it's gpu based many larger companies won't hop in.

mtnsaa

legendary

Activity: 1568

Merit: 1000

Quote from: Minecache on March 03, 2016, 03:24:48 PM

I'm in both camps, Ethereum and Bitcoin. I can envisage the utility of both. Bitcoin and a storage of wealth and Ethereum as the world computer fulfilling smart contracts, etc. What I don't understand is why the diehards Bitcoin fanatics cannot see this. The Bitcoin community cannot even decide on changing one digit for gods sake. Ethereum seems to have more authority and leadership guiding it to its goal. Long may it last.

Well said! But what do you want, many here are stupid anarcho fatasses fanboys with neckbeards that think Bitcoin is good and the rest is evil, kinda like Marvel vs DC in their nerdy fantasies.

Same goes for many Bitcoin developers, that's why Hearn left, he wasn't stupid. I'm not saying Bitcoin is doomed because it's not, it may even have a much better future now that it knows what it is, digital gold, not a payment system (which anyone with a brain knew since hearing about it). No woman or average non-tech savvy person will adopt it ever. But as a investment tool or commodity that you move around once in a while it can have a huge appeal.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

I'm in both camps, Ethereum and Bitcoin. I can envisage the utility of both. Bitcoin and a storage of wealth and Ethereum as the world computer fulfilling smart contracts, etc. What I don't understand is why the diehards Bitcoin fanatics cannot see this. The Bitcoin community cannot even decide on changing one digit for gods sake. Ethereum seems to have more authority and leadership guiding it to its goal. Long may it last.

mtnsaa

legendary

Activity: 1568

Merit: 1000

Quote from: WoJJ78 on March 03, 2016, 02:21:31 PM

While everybody is bitching about Ethereum I've already raked in 10k, and that just a small part of my investment Grin

Exactly, let these idiots continue to wonder when it will pop or if it's a scam or whatever. When they decide to jump ship it will be too late.

mtnsaa

legendary

Activity: 1568

Merit: 1000

Quote from: toknormal on March 03, 2016, 01:54:59 PM

Quote from: mtnsaa on March 03, 2016, 01:52:03 PM

Ethereum is here man, your time is up...even Bitcoin is shaking

You sound like you're not out of nappies yet and got a bit drunk despite that.

Trade carefully Wink

I'm not buying anymore since I don't have any more BTC left, I got in at the 90-low100s and I'm holding since then. I did profit on the way up too since January but I shorted my positions sadly. I hope many early adopters made thousands and millions already. Ethereum has been called a scam and p&d since it was starting to get traction at 0.004 etc every day and every week.

Now you can read all about it here ironically: https://news.bitcoin.com/vitalik-buterin-ethereums-price-rise-increases-our-sovereignty/

WoJJ78

full member

Activity: 168

Merit: 100

ICONOMI enthousiast

While everybody is bitching about Ethereum I've already raked in 10k, and that just a small part of my investment Grin

partysaurus

sr. member

Activity: 574

Merit: 251

Quote from: Viviyang on March 03, 2016, 02:02:29 PM

Quote from: partysaurus on March 03, 2016, 01:56:05 PM

Quote from: dE7ERV on March 03, 2016, 10:18:52 AM

Everyone seems to be worried that Microsoft will "steal" ETH technology to create their own thus eliminating ETH alltogether.
I can tell you that most corporations don't work like that.

It takes A LOT of money to develop something on your own (proposition, roadmap, project startup, project manager/owners analists, programmers, support, etc etc...), they will rather buy the company and adapt it to their technologies.

Stop thinking of corporations as evil. The goal of every corporation is to make money. if ETH helps them do that, they will be more interested in buying them rather then copying their stuff from scratch.

so they will buy it then and "destroy" it and make their own technology same idea diffrent name and under microsoft flag. so anyway ether will not exist anymore

thats how big corps roll.

If the Microsoft can keep my Ethereum valuable, I do care if they will change the name or not. Name is not important.

they will change the whole product if thats the case, just taking the thing they like and eth will not exist and eth price will reach zero :/

Viviyang

full member

Activity: 173

Merit: 100

Quote from: partysaurus on March 03, 2016, 01:56:05 PM

Quote from: dE7ERV on March 03, 2016, 10:18:52 AM

Everyone seems to be worried that Microsoft will "steal" ETH technology to create their own thus eliminating ETH alltogether.
I can tell you that most corporations don't work like that.

It takes A LOT of money to develop something on your own (proposition, roadmap, project startup, project manager/owners analists, programmers, support, etc etc...), they will rather buy the company and adapt it to their technologies.

Stop thinking of corporations as evil. The goal of every corporation is to make money. if ETH helps them do that, they will be more interested in buying them rather then copying their stuff from scratch.

so they will buy it then and "destroy" it and make their own technology same idea diffrent name and under microsoft flag. so anyway ether will not exist anymore

thats how big corps roll.

If the Microsoft can keep my Ethereum valuable, I do care if they will change the name or not. Name is not important.

partysaurus

sr. member

Activity: 574

Merit: 251

Quote from: dE7ERV on March 03, 2016, 10:18:52 AM

Everyone seems to be worried that Microsoft will "steal" ETH technology to create their own thus eliminating ETH alltogether.
I can tell you that most corporations don't work like that.

It takes A LOT of money to develop something on your own (proposition, roadmap, project startup, project manager/owners analists, programmers, support, etc etc...), they will rather buy the company and adapt it to their technologies.

Stop thinking of corporations as evil. The goal of every corporation is to make money. if ETH helps them do that, they will be more interested in buying them rather then copying their stuff from scratch.

so they will buy it then and "destroy" it and make their own technology same idea diffrent name and under microsoft flag. so anyway ether will not exist anymore

thats how big corps roll.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: mtnsaa on March 03, 2016, 01:52:03 PM

Ethereum is here man, your time is up...even Bitcoin is shaking

You sound like you're not out of nappies yet and got a bit drunk despite that.

Trade carefully Wink

drawingthemoon

full member

Activity: 135

Merit: 100

Quote from: mtnsaa on March 03, 2016, 01:52:03 PM

Quote from: toknormal on March 03, 2016, 01:13:53 PM

A tsunami of ETH profits about to hit the Dash reserve market to take advantage of the 12-15% return plus the current hard packed valuation.

LOL at these roaches getting out of their caves, Monero, Dash and all these dying coins, Ethereum is here man, your time is up...even Bitcoin is shaking but at least it can still be digital gold, it has proven itself for all these years and even if it failed as payment system, it still works as a storage of wealth. The rest are all dead, deal with it.

Ignore him, he is known dashtard, manipulating the ignorant dashtards for profits for a long time

Look at his joke here https://bitcointalksearch.org/topic/m.14019322

Quote from: toknormal on February 26, 2016, 12:48:33 PM

When you waste half the day peering at charts, reading blogs and trying to not loose your shirt in various hurricanes like the Ethereum market

Quote from: toknormal on February 26, 2016, 12:48:33 PM

I've been following the charts for a couple of months and if anything it's held up very well and even consolidated.

mtnsaa

legendary

Activity: 1568

Merit: 1000

Quote from: toknormal on March 03, 2016, 01:13:53 PM

A tsunami of ETH profits about to hit the Dash reserve market to take advantage of the 12-15% return plus the current hard packed valuation.

LOL at these roaches getting out of their caves, Monero, Dash and all these dying coins, Ethereum is here man, your time is up...even Bitcoin is shaking but at least it can still be digital gold, it has proven itself for all these years and even if it failed as payment system, it still works as a storage of wealth. The rest are all dead, deal with it.

stoat

sr. member

Activity: 686

Merit: 270

FREEDOM RESERVE

Quote from: toknormal on March 03, 2016, 01:13:53 PM

A tsunami of ETH profits about to hit the Dash reserve market to take advantage of the 12-15% return plus the current hard packed valuation.

Why would people take money out of a succesful and growing cryptocurrency and put it in to a failing one?

toknormal

legendary

Activity: 3066

Merit: 1188

A tsunami of ETH profits about to hit the Dash reserve market to take advantage of the 12-15% return plus the current hard packed valuation.

BitUsher

legendary

Activity: 994

Merit: 1035

Quote from: dE7ERV on March 03, 2016, 10:18:52 AM

Stop thinking of corporations as evil. The goal of every corporation is to make money. if ETH helps them do that, they will be more interested in buying them rather then copying their stuff from scratch.

No one is suggesting MSFT is "evil" , but they are smart, and aren't going to give up control to Vitalik's Organization.
Do a little research into all the times MSFT and other companies have used the principle of Embrace , Extend, Extinguish .

Quote from: stoat on March 03, 2016, 08:54:18 AM

Its not worth arguing with these morons any more. And thats what I consider people who haven't bought ETH, morons. Just like the people who didn't buy BTC when it was $1 because of this or that justification.

You're all stupid as hell and deserve to be poor.

Don't get your panties in a wad. I never told people to avoid buying Eth, just setting realistic expectations and using the same criticism against delusional Bitcoin investors with delusional Ethereum Investors. It is unrealistic any large corp will invest in Eth the fuel, just like how none of them are buying up bitcoin (besides overstock- but that is a weird exception).

Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 88. (Read 198829 times)