Topic: Ethereum is great, but not money, which is why Poloniex has an XMR market. (Read 2475 times)
March 03, 2016, 11:47:54 AM
What are Monero's plan regarding decentralized crypto exchanges? I think not being in one is quite a weakness for Monero. Don't get me wrong, Ethereum's technology is as important as Monero's. Perhaps people gives more support to ETH because you can create more with it but as soon as the authorities start regulating exchanges and wallet companies I believe Monero will show up it's value
March 03, 2016, 10:30:38 AM
As an investment Etherium has been phenomenal... As a safe haven and store of value, XMR is the best.
If you think ETH has reached its peak performance, it is time probably take the profits and store them into XMR for long term. If you think ETH will still make new heights, then by all means, XMR will be here to serve Etherium community also in the future.
If you think ETH has reached its peak performance, it is time probably take the profits and store them into XMR for long term. If you think ETH will still make new heights, then by all means, XMR will be here to serve Etherium community also in the future.
Well, seeing as XMR community has been a major source of FUd against ethereum I don't really see any place for XMR in the future of crypto.
I do not know about the FUD, but I consider ETH community in a fortunate position and therefore I see XMR can help them to store their wealth privately.
March 03, 2016, 10:18:39 AM
As an investment Etherium has been phenomenal... As a safe haven and store of value, XMR is the best.
If you think ETH has reached its peak performance, it is time probably take the profits and store them into XMR for long term. If you think ETH will still make new heights, then by all means, XMR will be here to serve Etherium community also in the future.
If you think ETH has reached its peak performance, it is time probably take the profits and store them into XMR for long term. If you think ETH will still make new heights, then by all means, XMR will be here to serve Etherium community also in the future.
Well, seeing as XMR community has been a major source of FUd against ethereum I don't really see any place for XMR in the future of crypto.
March 03, 2016, 09:59:30 AM
As an investment Etherium has been phenomenal... As a safe haven and store of value, XMR is the best.
If you think ETH has reached its peak performance, it is time probably take the profits and store them into XMR for long term. If you think ETH will still make new heights, then by all means, XMR will be here to serve Etherium community also in the future.
If you think ETH has reached its peak performance, it is time probably take the profits and store them into XMR for long term. If you think ETH will still make new heights, then by all means, XMR will be here to serve Etherium community also in the future.
March 03, 2016, 09:33:59 AM
Please explain how a public, proof-of-stake blockchain has any bearing at all on an untraceable, anonymous, pure proof-of-work blockchain.
Isn't that the premise of your entire thread though?
March 03, 2016, 01:52:22 AM
Sorry, not sorry. I have no shame admitting Ethereum will overtake Monero (XRR) and continue to do so. As someone familiar with Monero, there's nothing special about it and it won't got anywhere further than Ethereum
Here's the thing: I'm not so sure you are all that familiar with Monero. Please explain how a public, proof-of-stake blockchain has any bearing at all on an untraceable, anonymous, pure proof-of-work blockchain. Please note that this is the first such anonymous blockchain in the history of civilization.
I've bought ETH at 90s or so, I really don't know if it's extremely cheap or expensive right now, but I know that it is something special and it's making Bitcoin tremble like no "altcoin" ever did before. Just do some research, I'm not all in on ETH, I have some BTC but I'm not too optimistic. I do feel there's a chance Bitcoin can make it out and be digital gold like I mentioned, but in terms of usability I'm afraid Hearn hit the nail on the head.
Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees
Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees
Here is some research on ETH in this very forum: https://bitcointalksearch.org/topic/m.14075148
If the thread is too long and the issues too complex to digest fully, here's a summary so far:
Smart contracts in a real world setting that must scale can not exist without Casper.
The virtual machine for smart contracts runs, but any sort of real world scaling of the virtual machine requires Casper.
I have explained why Casper can't possibly work and my point is unarguable.
The virtual machine for smart contracts runs, but any sort of real world scaling of the virtual machine requires Casper.
I have explained why Casper can't possibly work and my point is unarguable.
TPTB is smart, and I know he attacks the math in Ethereum frequently, but it's a little above my head - so I'll let those better acquainted with such concepts argue about it.
March 03, 2016, 01:43:52 AM
Sorry, not sorry. I have no shame admitting Ethereum will overtake Monero (XRR) and continue to do so. As someone familiar with Monero, there's nothing special about it and it won't got anywhere further than Ethereum
March 03, 2016, 12:34:08 AM
I've bought ETH at 90s or so, I really don't know if it's extremely cheap or expensive right now, but I know that it is something special and it's making Bitcoin tremble like no "altcoin" ever did before. Just do some research, I'm not all in on ETH, I have some BTC but I'm not too optimistic. I do feel there's a chance Bitcoin can make it out and be digital gold like I mentioned, but in terms of usability I'm afraid Hearn hit the nail on the head.
Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees
Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees
Here is some research on ETH in this very forum: https://bitcointalksearch.org/topic/m.14075148
If the thread is too long and the issues too complex to digest fully, here's a summary so far:
Smart contracts in a real world setting that must scale can not exist without Casper.
The virtual machine for smart contracts runs, but any sort of real world scaling of the virtual machine requires Casper.
I have explained why Casper can't possibly work and my point is unarguable.
The virtual machine for smart contracts runs, but any sort of real world scaling of the virtual machine requires Casper.
I have explained why Casper can't possibly work and my point is unarguable.
March 03, 2016, 12:13:40 AM
I'm not a huge fan of Eth. I admit its potential and I invested in it but I certainly don't praise it, I just think Monero is snakeoil in its current state.
Monero might not have a GUI for a few more months but it is a functioning and powerful anonymous value network right now - nothing snake oil about it.
And it only gets better from here.
March 02, 2016, 11:38:54 PM
I bought 100 ETH in early january.. man, that's GREAT !!
I truly believe that Ethereum, Monero and Bitcoin will be the three currencies with huge impact in future. I believe because they don't have only the size of this forum or the exclusive programming community... Litecoin will always be the silver of Bitcoin (even if it's price is less than the ETH or some other, I really like, it's my opinion).
Ethereum and Monero has both a tremedous universe to explore, like Bitcoin, it's just in the beginning.
Wow, this world is going crazy. I really need to move to Canada soon. OMG.
I truly believe that Ethereum, Monero and Bitcoin will be the three currencies with huge impact in future. I believe because they don't have only the size of this forum or the exclusive programming community... Litecoin will always be the silver of Bitcoin (even if it's price is less than the ETH or some other, I really like, it's my opinion).
Ethereum and Monero has both a tremedous universe to explore, like Bitcoin, it's just in the beginning.
Wow, this world is going crazy. I really need to move to Canada soon. OMG.
You nailed it.
March 02, 2016, 11:19:18 PM
I'm not a huge fan of Eth. I admit its potential and I invested in it but I certainly don't praise it, I just think Monero is snakeoil in its current state.
March 02, 2016, 11:05:17 PM
Just FYI Americanpegasus, be careful of consecuposting like that. SebastianJu got suspended for doing that, apparently without warning of any sort. The powers that be here are not farting around anymore. I didn't understand a damn word you said about ETH, but that's just me. I told you all I needed the sub retard explanation. I do understand some of it, but I really need to look into the fundamentals of all this stuff.
Well thank you for the warning. In the future I will condense my replies to a single post.
And they could shatter the exchange anytime they wanted but that's another topic.
An important point to consider, always.
And I could not agree more. I can't program, but I understand the need for a decentralized exchange. Let's start a foundation with a prize for the first person to create one. In fact, let's figure out how to build one on top of Ethereum since we're all so gung-ho about it.
March 02, 2016, 10:46:02 PM
Do you realize how silly you look pushing Monero because of its privacy while you're trading it on an exchange that requires your ID to do so because said exchange bent over to the US government?
An appeal to a different argument. Yes, a decentralized crypto-exchange needs to be invented, I agree. This world is wide open for such a thing. In the meantime Poloniex works well, and I feel good that they comply with US law - I would worry about them getting shut down if they did not.
If your argument is with US law, then that is another argument too: even in the 'land of the free' people have to fear their government spying on them... don't you realize there will always be powerful people who want to take away your privacy? That's why privacy must be baked into an irreversible protocol layer, not an optional add-on feature that can be snatched away at a whim.
With privacy comes fungibility and the true moniker of 'money'. Privacy is not an add-on feature that can be tacked on, nor ignored. It is a fundamental quality of the best forms of money ans it has nothing to do with breaking the law or doing anything criminal.
Privacy is important, no doubt about that and it's sad that so many people don't care about it.
But privacy is non-existent when the exchange of coins happens on a centralized platform which is under the control of another centralized entity that is the US government that has detailed info about you. And they could shatter the exchange anytime they wanted but that's another topic.
Pseudoanonimity like Bitcoin or any other coin has, combined with either a decentralized exchange or multiple traditional exchanges (with even volume) that doesn't depend on a single centralized entity is not even comparable privacy-wise to a coin with privacy while 88% of said coin's volume is traded on one centralized exchange by people whose names and IDs are shared with the US government.
March 02, 2016, 09:28:53 PM
No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.
Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.
Please post pdf files of your last three monthly bank statements. Include your personal account and your business account.
The truth of a public Blockchain (like Ethereum's) is that everybody can see all your data, transactions, and balances.... Not just these omnipotent 'authorities' you are so eager to submit yourself to.
March 02, 2016, 09:22:13 PM
Do you realize how silly you look pushing Monero because of its privacy while you're trading it on an exchange that requires your ID to do so because said exchange bent over to the US government?
An appeal to a different argument. Yes, a decentralized crypto-exchange needs to be invented, I agree. This world is wide open for such a thing. In the meantime Poloniex works well, and I feel good that they comply with US law - I would worry about them getting shut down if they did not.
If your argument is with US law, then that is another argument too: even in the 'land of the free' people have to fear their government spying on them... don't you realize there will always be powerful people who want to take away your privacy? That's why privacy must be baked into an irreversible protocol layer, not an optional add-on feature that can be snatched away at a whim.
With privacy comes fungibility and the true moniker of 'money'. Privacy is not an add-on feature that can be tacked on, nor ignored. It is a fundamental quality of the best forms of money ans it has nothing to do with breaking the law or doing anything criminal.
March 02, 2016, 09:03:41 PM
No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.
Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.
Please post pdf files of your last three monthly bank statements. Include your personal account and your business account.
The truth of a public Blockchain (like Ethereum's) is that everybody can see all your data, transactions, and balances.... Not just these omnipotent 'authorities' you are so eager to submit yourself to.
Do you realize how silly you look pushing Monero because of its privacy while you're trading it on an exchange that requires your ID to do so because said exchange bent over to the US government?
Game over! Let's go home.
March 02, 2016, 08:50:43 PM
No, that's not my world. I live in this world and this doesn't happen. I run a business and no one knows my numbers, BUT if they really need to know them because authorities are after me or I've been scamming people, dealing arms and selling child pornography, they sure can and that's perfectly fine.
Privacy is a complete illusion if you think about it and Monero is build on dubious ethics if the main feature is hiding your transactions and information, great way to avoid taxes and do money laudering. No one care about "privacy" because it's meaningless in a world where you are filmed 24/7 whetever your go, go ask Snowden, people don't give a shit.
Please post pdf files of your last three monthly bank statements. Include your personal account and your business account.
The truth of a public Blockchain (like Ethereum's) is that everybody can see all your data, transactions, and balances.... Not just these omnipotent 'authorities' you are so eager to submit yourself to.
Do you realize how silly you look pushing Monero because of its privacy while you're trading it on an exchange that requires your ID to do so because said exchange bent over to the US government?
March 02, 2016, 08:33:20 PM
Dude, I get all the tecno-anarcho-conspiracy bullshit, but we are in the real world here, there are authorities, companies, institutions and so on and they will live on for a thousands more years. I understand if you don't want them to know you buy sex toys online or that you do some pot dealing on the side but other than that please, get real.
Again, a public blockchain lets everyone see all your transactions and balances. Please post copies of your previous three months' bank statements since you don't believe that financial privacy is important.
Another pointless thread with absolutely no merit. It's getting annoying.
I disagree. This is a discussion about the difference between pure money and commodities, and what makes something valuable. I recognize that those enjoying and riding the massive Ethereum swell cheering Ethereum on to 'replace Bitcoin entirely' may not like hearing about this distinction, but I feel it has merit to discuss.
Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees
I agree the dream of buying cups of coffee with Bitcoin may be going away. I've been saying for a while now that BTC would do better as a large public settlement layer. But I think you would have to be totally ridiculous to say that we will be buying cups of coffee with Ethereum as well.
March 02, 2016, 08:13:38 PM
All of this is such a gamble, it's unreal. And I mean bitcoin as well--Warren Buffett said he doesn't invest in anything he doesn't understand, and I probably should follow in his footsteps with cryptocurrency. I'm not a computer or really a math type of guy and I cannot claim to understand how all of these things work. These things are prices moving up and down, actions which I understand but cannot predict.
You say ETH is not money. OK. What is the value of these ETH tokens then? I have yet to see someone dumb it down to retard-level for me. And I mean get down to retard and then go a few inches further down.
You say ETH is not money. OK. What is the value of these ETH tokens then? I have yet to see someone dumb it down to retard-level for me. And I mean get down to retard and then go a few inches further down.
ETH is a token but in the Ethereum platform you can create any crap coin like Monero if you like in a second (that is if you have the skills). The cockroaches are coming out of the dark because there's fire everywhere. Ethereum is coming for them all, they had their time and they failed, even Bitcoin if you ask me. But at least Bitcoin will remain as a storage of wealth, it has proven its worth and it has a relatively stable price. I think that was its original intention, to be more of like digital gold, not a payment system (which is completely useless if you ask me).
So you say buy ETH now? I may just buy a little. Who knows where it's headed.
I've bought ETH at 90s or so, I really don't know if it's extremely cheap or expensive right now, but I know that it is something special and it's making Bitcoin tremble like no "altcoin" ever did before. Just do some research, I'm not all in on ETH, I have some BTC but I'm not too optimistic. I do feel there's a chance Bitcoin can make it out and be digital gold like I mentioned, but in terms of usability I'm afraid Hearn hit the nail on the head.
Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees
March 02, 2016, 08:10:13 PM
Another pointless thread with absolutely no merit. It's getting annoying.
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