Why Ethererum is dead in the water. - page 2.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: rabbiter on October 16, 2014, 12:46:44 AM

Quote from: romerun on October 16, 2014, 12:39:37 AM

They all die. Btc is the internet. Nobody givez a poo bunches of lan

I agree Bitcoin is our base but I think we need 'systems' to trade in a decentralised way and to hold other assets including currencies, precious metals, stocks etc.

Only a fool wouldn't admit some improvements need to be made to Bitcoin, for one it's not even private, who wants everyone to see all their bank transfers?

but it's better to improve bitcoin itself, instead of making a new coin doing it, just add the damn thing to bitcoin, it is certainly possible

sidhujag

legendary

Activity: 2044

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I highly doubt it will be turing complete if NXT develops it.. especially since they are closed source and no code inspections etc... as soon as its released it will be closed again due to having to redevelop... same with ethereum... all of these models are begging to take years to develop something as complex.. while by then something like bitcoin will be "too big to fail"

TinEye

hero member

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If this works well, NXT will have it. If not, QORA will absorb the loss. The only result of the announcement would be buying NXT, not QORA.

rabbiter

full member

Activity: 168

Merit: 100

Quote from: TaunSew on October 16, 2014, 12:59:53 AM

What do you classify MaidSafe as? Did you know Maidsafe started before Bitcoin and they got that $7million IPO here on Bitcointalk? There were even strong allegations that laundered MtGox coins were involved. That's $7 million for one of the world's longest vaporware projects.

I was the one who revealed to Bitcointalk, through investigation, that the Maidsafe company in Scotland only had like 4 employees. Nowhere enough manpower or intellectual power to accomplish what they want (hence the vaporware for almost a decade).

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

Wouldn't put it past Ethereum having laundered Bitcoins either.

Honestly how do any of us how many official employees Ethereum has? They used that have that photo up (until it was pulled) and most of the people on the list looked pretty dubious to me.

I haven't paid much attention to it, as an IPO it didnt interest me as so many people were buying into it.

BUT there are scams and there are SCAMS. If a coin actually exists, with no back doors in the code and has a limited supply etc then I don't care if the developers are the Cosa Nostra cloning dogecoin using the IPO money to traffic illegal chinese child labour. What we have to avoid is centralised systems that have back doors that can be manipulated at a later date, im wary of anything labelled a derivative but I guess coloured coins are a kind of derivative. That's a much more serious bigger picture issue than the short term scams most label scams on here.

TaunSew

hero member

Activity: 756

Merit: 506

What do you classify MaidSafe as? Did you know Maidsafe started before Bitcoin and they got that $7million IPO here on Bitcointalk? There were even strong allegations that laundered MtGox coins were involved. That's $7 million for one of the world's longest vaporware projects.

I was the one who revealed to Bitcointalk, through investigation, that the Maidsafe company in Scotland only had like 4 employees. Nowhere enough manpower or intellectual power to accomplish what they want (hence the vaporware for almost a decade).

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

Wouldn't put it past Ethereum having laundered Bitcoins either.

Honestly how do any of us how many official employees Ethereum has? They used that have that photo up (until it was pulled) and most of the people on the list looked pretty dubious to me.

rabbiter

full member

Activity: 168

Merit: 100

Quote from: romerun on October 16, 2014, 12:39:37 AM

They all die. Btc is the internet. Nobody givez a poo bunches of lan

I agree Bitcoin is our base but I think we need 'systems' to trade in a decentralised way and to hold other assets including currencies, precious metals, stocks etc.

Only a fool wouldn't admit some improvements need to be made to Bitcoin, for one it's not even private, who wants everyone to see all their bank transfers?

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

They all die. Btc is the internet. Nobody givez a poo bunches of lan

rabbiter

full member

Activity: 168

Merit: 100

Maybe this project was aborted but I think it would be naive to think big banks and central banks will just let cryptocurrency run them down and make them obsolete if they become a threat.

So you can bet there will be other projects, others systems that will appear out of no where. Who knows even the government produces a crypto currency and makes it legal tender while banning all others. But the attacks will come you can be sure of it.

kingscrown

hero member

Activity: 672

Merit: 500

http://fuk.io - check it out!

etherum dropped their BTCs already and never shown proof of code.

skip this and dont even wait

rabbiter

full member

Activity: 168

Merit: 100

Quote from: ?? on ??

I don't think such inflamated threads/posts will take Qora somewhere but being hated by other coin members. I think both Qora and Nxt are great, let us not get childish please.

No one on this thread who is a supporter of this development in Qora even mentioned NXT let alone criticise it.

Etherum is a completely different issue to coins having turf wars.

Etherum is a completely different beast, corporate funded (I believe) and possibly with links to the FED to try to get it's hands on cryptocurrency to shape it and control it like they do the banks and money today.

So confusing the two is stupid. I even in comparison rate Dogecoin and absolutely any genuine cryptocurrency of decentralised limited supply as brothers compared to Etherum. So NXT and Qora will battle I'm sure but this is the bigger picture about what some of us might actually believe in as we also try to get rich. We should all be united against Etherum IMO. I'm not even against Vitalik Buterin. I believe the team were headhunted, I mean this kind of people ie Goldman Sach bankers and high profile Bitcoiners don't just meet in Starbucks by chance ,this was orchestrated.

EvilDave

hero member

Activity: 854

Merit: 1001

+1 to renat0...this thread went downhill fast.

Heres the story on AT:
https://nxtforum.org/automated-transactions/information-of-the-at-project/

Robif

newbie

Activity: 19

Merit: 0

Quote from: mnl92 on October 15, 2014, 04:50:05 PM

Quote from: Robif on October 15, 2014, 04:36:51 PM

Quote from: Momimaus on October 15, 2014, 04:12:04 PM

Ethereum has nothing to do with Ethercoin.

Ethereum= Holy grale of Internet 3.0
Ethercoin=Blatant scam of some scumbags

Don´t confuse everything just to spread FUD

And please people don´t name huge projects like Ethereum and NXT in the same sentence with a random shitcoin like Qora.

and what the hell is ethererum lol Huh

Here is the Ethereum bitcointalk thread link

https://bitcointalksearch.org/topic/ann-ethereum-welcome-to-the-beginning-428589

that's ethereum not ethereRum Wink

mnl92

newbie

Activity: 54

Merit: 0

Quote from: Robif on October 15, 2014, 04:36:51 PM

Quote from: Momimaus on October 15, 2014, 04:12:04 PM

Ethereum has nothing to do with Ethercoin.

Ethereum= Holy grale of Internet 3.0
Ethercoin=Blatant scam of some scumbags

Don´t confuse everything just to spread FUD

And please people don´t name huge projects like Ethereum and NXT in the same sentence with a random shitcoin like Qora.

and what the hell is ethererum lol Huh

Here is the Ethereum bitcointalk thread link

https://bitcointalksearch.org/topic/ann-ethereum-welcome-to-the-beginning-428589

Robif

newbie

Activity: 19

Merit: 0

Quote from: Momimaus on October 15, 2014, 04:12:04 PM

Ethereum has nothing to do with Ethercoin.

Ethereum= Holy grale of Internet 3.0
Ethercoin=Blatant scam of some scumbags

Don´t confuse everything just to spread FUD

And please people don´t name huge projects like Ethereum and NXT in the same sentence with a random shitcoin like Qora.

and what the hell is ethererum lol Huh

TaunSew

hero member

Activity: 756

Merit: 506

Quote from: 3x2 on October 15, 2014, 03:50:43 PM

Quote from: Momimaus on October 15, 2014, 06:03:02 AM

haha Qora is the testnet of NXT. Finally it found some place. Cheesy

that's what exactly happening Roll Eyes

Qora needs to cut their losses and admit to being a $hitfork of NxT, because everybody knows it to be true.

Momimaus

hero member

Activity: 767

Merit: 500

Never back down !!!

Ethereum has nothing to do with Ethercoin.

Ethereum= Holy grale of Internet 3.0
Ethercoin=Blatant scam of some scumbags

Don´t confuse everything just to spread FUD

And please people don´t name huge projects like Ethereum and NXT in the same sentence with a random shitcoin like Qora.

TaunSew

hero member

Activity: 756

Merit: 506

Ethereum is another Suckerberg coin like Mastercoin and Max Coin, coins which spam the media with articles and YouTube videos almost nobody sees. They do this because there's a lot of incredibly wealthy people who want to be in on the "next Bitcoin", get persuaded by this junk and thinking throwing bags of money at a coin will produce subsequent bags of money. Classic rich man's ponzi scheme.

Never works, the people who bought Mastercoin would had made more off Doge. The people who bought Maidsafe would had made more off Darkcoin and other alternates. At best you're only making the developers rich with these Suckerberg coins.

3x2

legendary

Activity: 1526

Merit: 1004

Quote from: Momimaus on October 15, 2014, 06:03:02 AM

haha Qora is the testnet of NXT. Finally it found some place. Cheesy

that's what exactly happening Roll Eyes

ChekaZ

legendary

Activity: 1884

Merit: 1005

It was doomed from the beginning. Way too many people invested into it.

bitcoin_bagholder

sr. member

Activity: 336

Merit: 250

Vitalik Buterin tried to get a job at Ripple Labs pre-ethereum. He's also been rather vocal about the perils of mining centralization in PoW. Seems a bit hypocritical. Shame on Ghash or any other mining pool for approaching 51% but you'd love to be that central authority, wouldn't you, King Vitalik?

Topic: Why Ethererum is dead in the water. - page 2. (Read 6195 times)