Topic: Why is Ether so popular, despite its infinite supply? - page 4. (Read 3808 times)
Gold s infinitive as well, at least in our lifetimes, yet, the price s stable and even going up. Why?
It has one thing, Bitcoin needs... people who can hype the shit out of it to maximize profits, when they dump it. Ethereum started out as a brilliant idea to revolutionize the smart contract scene, and then people
got greedy, and they decided to market it as the solution for every problem out there... Now suddenly, it is better than Bitcoin and everything out there.
.... If it gets the right backing, it might just fly with
that idea... and you will see it as a viable competitor for Bitcoin. They have a good concept, but Bitcoin is still better...
got greedy, and they decided to market it as the solution for every problem out there... Now suddenly, it is better than Bitcoin and everything out there.
.... If it gets the right backing, it might just fly with that idea... and you will see it as a viable competitor for Bitcoin. They have a good concept, but Bitcoin is still better...
A lot of hype in Ether, but I see problem in terrible initial distribution where most coins which exist are from initial distribution which was used to fund development - but only those who really knew its not just scam to take Bitcoin and not deliver anything could expect to profit safely - so most non insiders just treated it as very likely scam, myselves included.
Do I buy Ether - definitively not. But I mine Ether with my GPU and sell for Bitcoin because it is so profitable to profit from this hype.
As I understand smart contract will be available in Bitcoin sidechains anyway and I preffer sound money like Bitcoin, so I dont see reason why in future people going to use altcoins and pay exchange fees converting between these coins when all they need is Bitcoin with sidechains with the same features and no exchange fees needed - but exchanges loves the fees from trading between coins, thus it does not surprise me Coinbase adding bunch of altcoins for trade - to profit from the hype as well.
Do I buy Ether - definitively not. But I mine Ether with my GPU and sell for Bitcoin because it is so profitable to profit from this hype.
As I understand smart contract will be available in Bitcoin sidechains anyway and I preffer sound money like Bitcoin, so I dont see reason why in future people going to use altcoins and pay exchange fees converting between these coins when all they need is Bitcoin with sidechains with the same features and no exchange fees needed - but exchanges loves the fees from trading between coins, thus it does not surprise me Coinbase adding bunch of altcoins for trade - to profit from the hype as well.
before i buy something with an infinite supply, i would rather buy gold or a stock.
Affter the price rise you can see a good charm in face of vitalik after selling his 25% of his holding to visit consensus and enjoy his stay. Smart contract have no real world use till now and all this DAO token overhype making eth to soar so much, but now before DAO launch to exchange eth already started bleeding.
Any other altcoins that were endorsed by prominent organisations such as Microsoft? Is Ether the only altcoin that managed to do it? IBM and Microsoft endorsed it.
Check out this Coindesk article to understand why some people are bullish on Ethereum:
http://www.coindesk.com/coinbase-co-founder-ethereum-blow-past-bitcoin/
Basically, "anything bitcoin can do, ethereum can do better." Bitcoin has the first mover advantage, but that can eventually evaporate if it is less functional/capable than other cryptos.
http://www.coindesk.com/coinbase-co-founder-ethereum-blow-past-bitcoin/
Basically, "anything bitcoin can do, ethereum can do better." Bitcoin has the first mover advantage, but that can eventually evaporate if it is less functional/capable than other cryptos.
Ether is popular because a lot of people don't understand the big question marks that this technology has. I remember once upon a time, how NXT was "taking over" with their revolutionary PoS and their decentralized exchanges and all that cool looking wallets. This is the same all over again. A lot of people and hype involved, sooner or later it will correct where it belongs, but it may still pump a lot higher, so maybe it's a good idea to take a position to short the thing and get some BTC out of it.
Because it's a Ponzi they generate a lot of cash for scammers
the investors don't visit Bitcoin talk so have no clue they are being fleeced
the investors don't visit Bitcoin talk so have no clue they are being fleeced
Hmm. But why is Ether a ponzi?
I always thought it wasn't a coin at all but a container for other alt coins.
Because it's a Ponzi they generate a lot of cash for scammers
the investors don't visit Bitcoin talk so have no clue they are being fleeced
the investors don't visit Bitcoin talk so have no clue they are being fleeced
Hmm. But why is Ether a ponzi?
Because it's a Ponzi they generate a lot of cash for scammers
the investors don't visit Bitcoin talk so have no clue they are being fleeced
the investors don't visit Bitcoin talk so have no clue they are being fleeced
Can someone educate me the deep interest with Ether? I understand that it has an infinite supply but the supply is controlled based on rising difficulty. One advantage of Ether is its use for smart contracts, and usage ensures demand which could cause prices to rise.
But Bitcoins have a finite supply (unless the code changes) and its first mover advantage allows it to gain proper market share and ensure its demand, and with its limited supply, theoretically, prices should go up. However, if users were to hoard Bitcoins and there is no usage (delayed expenditure) which leads to low-demand, Bitcoins will devalue.
I'm confused. Resident economists, please enlighten me.
But Bitcoins have a finite supply (unless the code changes) and its first mover advantage allows it to gain proper market share and ensure its demand, and with its limited supply, theoretically, prices should go up. However, if users were to hoard Bitcoins and there is no usage (delayed expenditure) which leads to low-demand, Bitcoins will devalue.
I'm confused. Resident economists, please enlighten me.
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