Topic: ETH price soaring. Are you going to move some BTC into ETH? - page 89. (Read 198829 times)

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.

What does a Bank or MSFT have to gain by buying ether ? Any technology of value can be stolen by them and forked as its open source. If Ethereum had 50 million users that would be a completely different story and it may make sense to buy ETH, but there are less than 25k Eth users which a PoS fork and boostrapping MSFT current community would lead to a much larger and much more secure userbase than ETHereum.

Do a little research into how these companies operate. They make cutthroat , smart business decisions .


Right now MSFT is embracing the Ethereum technology, just like banks are embracing blockchain technology. IF enough intrest develops around Dapps than than expect a fork with MSFT issuing their own fuel and adding their own patents to the tech so they can control the technology (the extend stage), than they will continue not to buy eth fuel , and make it ethereum obsolete by removing compatibility or making it less useful deliberately in the Extinguish stage.

This isn't a slight because I'm a Bitcoin maximalist. I welcome the idea of competing alts and would lay the same claims to any bitcoiner who had the foolish idea that banks and governments would willingly adopt Bitcoin instead of create their own private blockchain.

This is just reality... I urge you to go ahead and buy a few ether if you want to play around with the tech or test a dapp to learn or develop your skillset... but investing in it because you think a bank or MSFT is going to be buying ETh is misguided and foolish.

I'd like to discover your logic in arriving at that conclusion - at least in the short term anyway. I think Bitcoin might rally for other reasons but if I think through what happens in the event that investment tide flows back a bit to Bitcoin:

[1] - there's no impact on the BTC/$USD price just from a ETH/BTC exchange

[2] - any profit taking from the ETH rise into dollars is going to impact adversely on the Bitcoin price, not favourably



Quite a lot of point actually. Basically the world will not trust "MSFTfuel/IBMfuel over VITALIKfuel" because, large though they are, those corporations are in no position to launch a blockchain with the success or maturity of Ethereum. They've always just bought their way into any technology they missed out on anyway.

The whole idea behind starting the Ethereum project if you go back and watch some of Vitalik's original presentations was to garner huge amounts of network effect into a "common bucket" so that even small blockchain assets could benefit from huge underlying hashpower and associated security, reliability track record and general viability as a Bitcoin 2.0 'safe' asset or application.

Whoever gets there first only has to not make any big mistakes to hold onto that momentum because it's a self propelling cycle as we're already starting to see. Price rises --> more miners arrive --> more developers arrive --> blockchain assets & services accrue value --> consolidates network effect --> price rises.

To me Ethereum isn't a "monetary asset" the way pure currencies like Bitcoin and its specialised alt-clones are. But it can likely, IMO, still reach a marketcap as a stock who's value gets reflected in the underlying value of the blockchain tokens.

I'm thinking a small but mainstream internet stock in the short term - lets say LinkedIn ballpark.

Who knows where in the long term.

Maybe people are sick and tired of arrogant bitcoiners telling people what will happen in the future and it never coming to pass.

Bitcoin only has first mover advantage because it offers a unique selling point as opposed to fiat where they can use regulatory arbitrage and it has billions of dollars of infrastructure securing it. Ether isn't a currency , but fuel....

The ethereum network value is in the following -
1) Code and apps - open source and can all be forked
2) PoW mining - Vitalik is going to fork it to a PoS variant removing this advantage
3) Established userbase - Still extremely small and not worth MSFT dumping billions to jumpstart
4) Developers - Not many , but any worthwhile can be poached directly without buying a single eth
5) Branding and trademarks- Insignificant an unknown by the mainstream vs MSFT/IBM/ect..

In other words, it would insane for MSFT or a bank to be buying eth rather than just forking it and using their own patents and branding.

MSFT appears to be doing just that ... there has been no evidence that any large company is buying Ether , instead they are on the first stage of --