Topic: Is Ethereum the altcoin killer? - page 2. (Read 3388 times)

Investors can't blame anyone if they lose all it out on vaporware.

It doesn't even exist yet. Ether isn't even a currency, it's "fuel". A digital IOU. It doesn't even have a total supply. They could change it at a whim.

This is the worst kind of speculation. There's no product on the market yet.

Everything has been dropping lately, if Ethereum has anything to do with this or not I do not know.

altcoin drop a lot after Ethereum launch, so sadly yes

you wouldn't say this if you had not lost the early phase of bitcoin, cryptoworld is all about early adopters

Bitcoin is too big and bulky to make any "real" progress. All the potential will be built on top of the insecurities and slow transactions through inefficient 3rd parties on bitcoin's core.

The real future is with coins that have the ability to develop there core and produce Turing Complete side chains. Nxt, bitshares, skycoin and eventually peershares will all have these features. Ethereum on its own will be highly inefficient but the technology itself will enable the revolution of other coins.

What would the fun in having just one main crypto mmm?

Competition among other coin is good for the system for one.

you can just integrate everything in bitcoin to be honest, even ethereum isn't needed, sidechain and other stuff can make bitcoin truly complete

"but this kid from the internet told me his 2.0 coin would make me rich!"

Goldman Sach executives sat down in a board meeting and said: "alright we need someone hip, young and cool.. a mascot", "like Bieber sir?" "no but someone like him".  "How about Vitalik Buterin?  He's from Canada just like Bieber" "Good idea Jones, you'll be getting that raise".

it is just sooner or later that many of the Ethereum buyers are expecting to crawl back in BTT forum here and there and crying of being scam

Yeah even if you choose to ignore all the uncomfortable truths about Ethereum - you can't ignore the capitalization aspect.  A coin that will launch with $15 million won't go anywhere anytime soon as anyone who wanted Ethereum would had bought during the IPO and historically it's difficult for cryptos to go past $50 million.

If 100 wallets control 50% of Ethereum (wallets =/= people so less than 100), means there isn't any userbase behind Ethereum (only deep pockets).  That's no different then how Mastercoin and especially Maidsafe launched with huge capitalizations and haven't gone anywhere.  Someone who invested into Mastercoin and Maidsafe would had made more off Doge coin, NXT, Dark, et cetera.

There's nothing active on ethereum.

I would worry if I invest money into Ethereum and Ether.

All altcoins are going down hard, if there is an active market for Ether, I wouldn't be surprise if it go down like the rest of altcoins.

No way,i think Eth is one of the altcoin,how could it kill altcoin

Exactly. It makes absolutely No sense to invest a substantial amount of your $ in Ethereum.

The ROI will be very small since there isn't a definite cap on the IPO making each Ether worth less and less with every new investor, it also states on the Ethereum website that the project is very new, and the whole thing could collapse, losing the investors their money(paraphrased in my words)

Sounds like this guy is just following the hype and probably has the same 'good feelings' about ethereum as what he had about the shitcoins he lost money on. Some people will stay noobs forever

See the post I made.  Vitalik himself said the top 100 wallets (wallets are not the samething as unique persons) own half of Ethereum.

If BTC price is collapsing due to Ethereum then it's BTC whales from 2009 / 2010 who are selling off.  Much like the Maidsafe IPO ($8 million IIRC) received stolen MtGox Bitcoins and money from whales.

https://bitcointalksearch.org/topic/mtgox-stolen-bitcoins-moving-into-maidsafes-ipo-582731


There's far better alternates to Ethereum, Maidsafe and Mastercoin but a lot of these wealthy people have to be spoon fed by copyrighting scam coins into believing what the next 2.0 coin is going to be.  The people who invested into Mastercoin and Maidsafe would had made tons more off Doge, NXT, Dark, et cetera.  

The people buying Ethereum are going to be disappointed when upcoming 2.0 coins produce far better ROIs and end up having bigger capitalizations than Ethereum.

Based on the amount of their IPO, Ethereum may not only be the altcoin killer, but bitcoin killer too, at least as far as btc's price goes. It's an awful lot of btc to cash out there...

Seriously, Ethereum isn't even meant as a currency, so whatever affect it has on altcoins most likely would be indirect. Such as people cashing out alts to buy Ether... or Ether killing btc's price, lowering altcoin values. I have no idea how IPO people will make money on Ether though, as not sure who is left to even sell to.

The buy in mean what, exactly?  Before the IPO began...

Ethereum forum was dead and barely had any activity
Videos barely had any views
Barely mentioned on BTT
Periodically only mentioned on Crypto news websites..

Then now during the IPO it hasn't really changed a whole lot.  Who exactly are these people who are investing $100K+ amounts as if it was loose change?


But what does the top 100 mean if we don't have access to this information?  Maybe it's 10 people who own 40% of Ethereum.

 As well wallets =/= unique persons.  If you're going to invest millions then you're not going to do it with one wallet.  Reasons:  Want to avoid the attention that one guy is taking over the whole coin (captain obvious ponzi scheme alarm).  Second, you don't want to lose all your coins if you get hacked (having multiple wallets lessens the possibility of losing all your coins to a hacker).


Interesting that on their link it says top 100 Doge wallets own around 45% but I don't think anyone viewed Doge or BTC as a money making opportunity when they first came out.

As well as a distribution where 100 wallets (wallets are not people - I can have 10 wallets if I wanted to) owning half of a coin is terrible end of story.  It may very well be 12 people who own half of Ethereum and they could had been Ethereum insiders or supporters from 2013.