Author

Topic: NYTimes Article - Ethereum, a Virtual Currency, Enables Transactions That Rival (Read 914 times)

legendary
Activity: 924
Merit: 1000
It is hilarious to see Peter Thiel, Larry Summers, Blythe Masters and their gang of thugs trying to compete in hi-tech where they are not sufficiently knowledgeable to know whether the BS they are told by the geeks they hire is valid.

I think it is about time to wipe their corrupt asses with the technological floor.

It required 3 years of research to become deeply knowledgeable about block chain technological and economic issues. You can't just scratch the surface and expect to not make dumb mistakes.

Hilarious indeed, especially if you have a certain sense of humour.

Imagine yourself - yes, you, sir! - showing up at a chichi "Blockchain" conference in, say, 2020 - and provably telling all of those poshy participants that you personally have double the experience of their most experienced conferee. It would be an interesting experience, indeed...and if you have the right sense of humour, a hilarious one.
legendary
Activity: 924
Merit: 1000
Not sure of you seen this yet or not, but it is an interesting and positive news piece for Ethereum, especially from the NYTimes.

http://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html?ref=technology&_r=0

Wowie: the New York Times, no less.

Quote
Joseph Lubin, has set up ConsenSys, a company based in Brooklyn that has hired over 50 developers to build applications on the Ethereum system, including one that enables music distribution and another that allows for a new kind of financial auditing....

Mr. Lubin said he had thrown himself into Ethereum after starting to think that it delivered on some of the failed promise of Bitcoin, especially when it came to allowing new kinds of online contracts and markets.

"the failed promise of Bitcoin..." Oh, my! Shocked

----------

Yep, "blockchain" has certainly gained mainstream traction - which puts us-all in an unusual and somewhat enviable position. Even the ones like me who got in on the heels of the Bitcoin bubble have been promoted by time to "early adopters." The way this trend is going, "blockchain" is becoming a sexy buzzword that'll become embedded into MBA courses ay Harvard, Wharton, you name it.

And by that time, time and development will have promoted all of us here now to early-adopter status.

Now here's the cosmic humour. In the abstract, MBA-sexiness of "blockchain" will give us-all a fair bit of cachet in the plushy circuits. Even those high-flyin' MBAs have a bit of Walter Mitty in them. They need a bit of excitement and romance in their lives. Just imagine one of us showing up and regaling them with tales of the cryptocurrency Wild West days!
sr. member
Activity: 420
Merit: 262
Fuserleer, good design for the logo of eMunie.
legendary
Activity: 1050
Merit: 1016
In other words, you're one of those "buy whatever coin has the nicest wallet" people.  I told Smooth about 4000 times you people existed, yet he still doesn't believe me.  He's like har har! CLI 4 life!  I remember reading someone complain Emunie used a "windows 98 skin" or something, so Fuserleer might be in deep shit too.

You're so far behind the times on eMunie stuff its not funny Wink

Have you seen the latest GUI?  I'm guessing not!  Tongue



Still more changes to go in yet...
legendary
Activity: 1260
Merit: 1000
In other words, you're one of those "buy whatever coin has the nicest wallet" people.  I told Smooth about 4000 times you people existed, yet he still doesn't believe me.  He's like har har! CLI 4 life!  I remember reading someone complain Emunie used a "windows 98 skin" or something, so Fuserleer might be in deep shit too.
legendary
Activity: 1218
Merit: 1003
It came from VC funding from people like Goldman Sachs.  They now want a return on their investment and need somebody to dump on, but the ship is sinking due to lack of fundamentals:

https://bitcointalksearch.org/topic/the-ethereum-paradox-1361602

It is hilarious to see Peter Thiel, Larry Summers, Blythe Masters and their gang of thugs trying to compete in hi-tech where they are not sufficiently knowledgeable to know whether the BS they are told by the geeks they hire is valid.

I think it is about time to wipe their corrupt asses with the technological floor.

It required 3 years of research to become deeply knowledgeable about block chain technological and economic issues. You can't just scratch the surface and expect to not make dumb mistakes.

I have essentially no idea how Bitcoin works.  I also don't really know how SWIFT really works, or a credit card payment.
I am an end user.  As long as the product works for me, I am happy.  If Ether offers me advantages over Bitcoin, I would use it ahead of Bitcoin.

I guess these hi-tech guys are the same, they have tech guys to work out the details, they just want a nice GUI for the end user.
legendary
Activity: 1260
Merit: 1000
The fact that people associated with Eth in some manner create spam bots to flood this forum with "Bitcoin ponzi scheme dead!  Sell everything, Eth is the future!" speaks volumes about how desperate people are to try and stop the bottom from falling out of this Ether IPO token.
full member
Activity: 126
Merit: 100
... It required 3 years of research to become deeply knowledgeable about block chain technological and economic issues. ...

Who "required 3 years of research"?
Also, how many years of research did that guy require before competently using a toaster?
legendary
Activity: 1050
Merit: 1016
It required 3 years of research to become deeply knowledgeable about block chain technological and economic issues. You can't just scratch the surface and expect to not make dumb mistakes.

This!

Too many "experts" that are not experts at all, they learn the buzzwords and only sound like they are Smiley  

Which leads to the inevitable, regular folks get duped.

I'm not talking about ETH here, more so the general crypto media and such.
sr. member
Activity: 420
Merit: 262
It came from VC funding from people like Goldman Sachs.  They now want a return on their investment and need somebody to dump on, but the ship is sinking due to lack of fundamentals:

https://bitcointalksearch.org/topic/the-ethereum-paradox-1361602

It is hilarious to see Peter Thiel, Larry Summers, Blythe Masters and their gang of thugs trying to compete in hi-tech where they are not sufficiently knowledgeable to know whether the BS they are told by the geeks they hire is valid.

I think it is about time to wipe their corrupt asses with the technological floor.

It required 3 years of research to become deeply knowledgeable about block chain technological and economic issues. You can't just scratch the surface and expect to not make dumb mistakes.
legendary
Activity: 1260
Merit: 1000
More like a Jim Cramer piece where he tells you to buy a stock while dumping it out the backdoor.  That market cap did not come from organic growth.  It came from VC funding from people like Goldman Sachs.  They now want a return on their investment and need somebody to dump on but the ship is sinking due to lack of fundamentals:

https://bitcointalksearch.org/topic/the-ethereum-paradox-1361602
legendary
Activity: 1078
Merit: 1011
Not sure of you seen this yet or not, but it is an interesting and positive news piece for Ethereum, especially from the NYTimes.

http://www.nytimes.com/2016/03/28/business/dealbook/ethereum-a-virtual-currency-enables-transactions-that-rival-bitcoins.html?ref=technology&_r=0
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