the article neglects to mention the big amount of premined coins that ethereum has. and also the fact that if you remove those coins which have never been on the market then the market cap of ethereum is small and just like any other shitcoin.
it also fails to mention all the issues, the serious issues, this platform has. specially failure to mention DAO and all the 5 or so hard forks that it had.
Topic: Let's count the inaccuracies in Business Insider's BTC/ETH article! (Read 258 times)
July 01, 2017, 09:02:45 AM
http://www.businessinsider.com/what-is-ethereum-2017-6
I love a good mainstream article about Bitcoin, Ethereum, Litecoin, the Blockchain, etc. And my joy comes from reading about this great thing in the mainstream forum as well as seeing how much of the concept the article confuses or explains inaccurately.
This article has a few great misconceptions, can you find them?
I'll start us off:
FALSE! Such currencies are called "cryptocurrencies" because of the cryptography technology employed in the process of validating transactions and unlocking block rewards. Cryptography is the idea employed to ensure that transactions don't require a central authority to verify that they are real!
Ok, you next...what did you find...?
I love a good mainstream article about Bitcoin, Ethereum, Litecoin, the Blockchain, etc. And my joy comes from reading about this great thing in the mainstream forum as well as seeing how much of the concept the article confuses or explains inaccurately.
This article has a few great misconceptions, can you find them?
I'll start us off:
Quote from: Business Insider
Bitcoins and Ether tokens are called cryptocurrencies because they can be only be bought and sold digitally, are used to pay for things, and fall outside of the control of central banks or other government entities.
FALSE! Such currencies are called "cryptocurrencies" because of the cryptography technology employed in the process of validating transactions and unlocking block rewards. Cryptography is the idea employed to ensure that transactions don't require a central authority to verify that they are real!
Ok, you next...what did you find...?
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