Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 89. (Read 198796 times)

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.

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

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.

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   .


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).

Here you go.

(P.S. You're not old enough to be my Father I'm afraid    )

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.

Bill Gates' paper tape interpreter sitting on top of a disk operating system they smash-and-grabbed from IBM

Google Gary Kildall and CP/M, learn some history, son. [I'm 58, this was before I became a hardware technician LOL]
IBM literally gave away the farm over the course of 5 years. Being the Luddites in suits they were didn't help 4 shit...

Haha I know right, I am telling everyone to buy Ethereum for the long term.
But they just don't listen, when it was at 3 dollar I already thought it was cheap.
So I bought some and already doubled the cash I put in.

And I think it is more then just a pump and dump, ethereum is here to stay and it will see 100+$

Ok, agreed. And about a month ago, I was more or less agnostic about how the value of Ether would be impacted. I held some from the IPO "just in case" but thought it may go down equally as up. I just didn't now how the market would value the blockchain tokens as distinct from the assets that run on them.

However, the market has kind of spoken.

It's still early days, but clearly the ecosystem as a whole is going to have significant value. If that entire ecosystem runs on a scarce resource then that will have value as well. The scarce resource isn't just the tokens, it's the hashing power and it seems to be "following the money" so I'm not going to argue with the market.


Eh hem..Ethereum already has a Javascript API. How much more "standards based" do you want than that ?

I will give you that Adam Back did say one thing about Blockchain 2.0 that does favour your view, though. He said that the he thought the applications were independent of the tokens and therefore could "go elsewhere". That may be true to some extent but it's all a question of degree.

Look at that hashrate chart again. That's only going to increase from now - whatever happens to the price. If you're a venture capitalist looking to plough your dough into a new "Daap", what blockchain are you going to pick for maximum security and track record ? This one or Microsoft's one that with the relative hashpower of 10 PC's in their back office by comparison ?

No contest.

I'm not saying they might not come up with a feeble attempt like they did with IIS. I'm just saying it's too late for it to be anything other than that.

Exactly, and that's a fact because you could already be very wealthy if you invested some months ago. Even if you had a lot of BTC (more than 10 at least) and went all in on Jan/Feb you will be a huge whale now (and continue to grow in the next weeks...). Anyway these people are the exact same ones that would've bought Bitcoin at 5 and sold at 7 because of whatever stupid reason. Maybe they even passed on BTC altogether...

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.

You cannot conflate a currency with script fuel. The average user doesn't care how their app or dapp runs , they just want it to run cheaply and efficiently and securely. Ethereum doesn't have the "network effect" when compared to MSFTfuel (XBox, ect...) ... decentralization for its own sake doesn't mean anything besides more overhead. MSFT  and other companies can and will create their own standards that are partially open source. There is no need for them to buy a pathetically small 25k userbase

You do realise that these are decentralised, open source technologies.

There is no "IP" involved. If there was they wouldn't stand a change because the notional "IP" is owned by the users. I suppose the next closest analogue after my Apache example is the Linux operating system. Microsoft didn't steal or even buy that idea and take it over did they ? That's because they couldn't for the reasons I just outlined.

I'm not saying that you could not be right in some sense - that an alternative could come along and usurp the network effect - I'm just saying it's highly unlikely at this stage for the same reason that 1000 alt coins didn't even make a dent in Bitcoin's network effect and of the top 200 on coinmarket.com, not one single one of them was created by Microsoft, IBM, JP Morgan or Goldman Sachs even 9-years into the evolution of this technology.

Vitalik is a smart kid , but you realize he isn't god right?

If MSFT has any problems with development (no problems thus far according to what they released) than they can always buy a developer or two and not invest in 1 penny of eth. They are interested in controlling the technology and IP , not being subservient to Vitalik's organization. To suggest otherwise ignores a long history reflecting the opposite.

Ethereum is worth exactly what the market dictates . With altcoins, the market price can drastically change.  As long as investors are aware of these risks than sure go ahead and buy. I am just bringing in a dose or reality.

Banks and Governments aren't going to adopt Bitcoin.
Banks and Companies like MSFT aren't going to buy ETH.

*sigh* I let my girl friend convince me to invest only half of what I wanted to lol oh well still mad profits!

Yeah, just like they "forked" the (open source) Apache web server to make IIS. That was a great success wasn't it ?

Or the Netscape Web Browser they "forked" into IEx that became the world's most toxic browser ? Or even Windows it's very self - "forked" from a Rosemary's Baby style demonic marriage of a schoolboy hash of Xerox/Apple's WIMPS interface and Bill Gates' paper tape interpreter sitting on top of a disk operating system they smash-and-grabbed from IBM.

Dream on.

This is highly specialised, new-wave technology and there are a handful of devs in the world who really understand it thoroughly in principle as well as practice as while having enough experience to be productive. It's not something you can just throw money at and end up "owning" any more than anyone could end up owning the Apache web server.

All of these posts telling of how ethereum is nothing and worthless as the price rises and rises and rises.  Love it.  That means there are still plenty of bears to convert.

There are thousands of young men buying Eth specifically because of this reason.
It is naive that all this talk isn't influencing their decision as a speculative investment.

https://www.reddit.com/r/ethereum/search?q=Microsoft&restrict_sr=on

No one is suggesting microsoft is buying Ether.

Even if they never do ETH price will still continue to rise massively.