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lets have a brutally honest conversation about ethereum

let’s grant that it has unlimited potential as the platform ...
Dark Pit People Who Are Hurt
  01/17/18
*hits tutu pipe* LOL SELLCUCK
comical rose mexican cruise ship
  01/17/18
lmao not the answer i’m hoping for as a current bag holder
Dark Pit People Who Are Hurt
  01/17/18
I'm just trying to give you an authentic answer as you would...
comical rose mexican cruise ship
  01/17/18
...
chestnut hall
  01/17/18
what if I told you that the value of ETH had little to do wi...
Exciting stage
  01/17/18
that’s what i’m driving at. i want someone to prove otherwis...
Dark Pit People Who Are Hurt
  01/17/18
...
charismatic stubborn range
  01/17/18
What are we "investing" in? Aren't these things...
Twinkling location skinny woman
  01/17/18
shh don't startle the animal spirits u fool
misanthropic wagecucks
  01/17/18
1 fucking 80
mind-boggling den
  01/18/18
...
misanthropic wagecucks
  01/17/18
...
sepia casino keepsake machete
  01/17/18
I would agree.
hilarious boyish pisswyrm chad
  01/18/18
there will only ever be 21 million btc, which is why its val...
glassy reading party
  01/17/18
*forks a fork's forked fork*
hilarious boyish pisswyrm chad
  01/18/18
the counter argument i think has to focus on the value of et...
Dark Pit People Who Are Hurt
  01/17/18
didn't someone say that holding ethereum for its value is li...
big-titted fanboi
  01/17/18
never heard that but it makes a scary amount of sense
Dark Pit People Who Are Hurt
  01/17/18
Aren’t you the guy who was up mega bigly in crypto? I’m curi...
Dashing spruce double fault sex offender
  01/17/18
lmao i’ve been better
Dark Pit People Who Are Hurt
  01/17/18
Governments will kill any non government approved blockchain...
yapping chartreuse elastic band corner
  01/17/18
every municipality in the country attempted to strangle uber...
Dark Pit People Who Are Hurt
  01/17/18
watch this and you will understand why it's impossible to ce...
big-titted fanboi
  01/17/18
China does this. If a government made it illegal under the g...
Twinkling location skinny woman
  01/17/18
yeah if china ever tries to ban bitcoin it'll ruin bitcoin l...
Arousing meetinghouse community account
  01/17/18
Im sure after the Russian and Chinese governments shoot a fe...
yapping chartreuse elastic band corner
  01/17/18
the idea of authoritarian regimes oppressing their people in...
Dark Pit People Who Are Hurt
  01/17/18
China and Venezuela are like half the tards buying this shit...
yapping chartreuse elastic band corner
  01/17/18
(guy who thinks ethereum tokens are meant to be used as curr...
talented becky
  01/17/18
...
Dark Pit People Who Are Hurt
  01/17/18
Is it like owning a transmission line company in the unregul...
Twinkling location skinny woman
  01/17/18
dapps are bullshit, smart contracts are bullshit. if they we...
flushed appetizing hairy legs
  01/17/18
...
silver motley site degenerate
  01/17/18
(Guy who thinks you can built a dapp in 2 days)
disrespectful curious preventive strike
  01/17/18
ethereum has been around since 2014 homie, and most of the d...
flushed appetizing hairy legs
  01/17/18
dapps are shit right now because ethereum needs to scale to ...
talented becky
  01/17/18
you're dreaming. of all the DAPP proposals, you don't need a...
flushed appetizing hairy legs
  01/17/18
Blockchain has applications in the insurance industry. I can...
bull headed field shitlib
  01/18/18
so the takeaway from this thread is that ethereum is going t...
Dark Pit People Who Are Hurt
  01/17/18
Good thing it'll get to $5K in the next 5 years and it will ...
disrespectful curious preventive strike
  01/17/18
i wish!!! show your work tho
Dark Pit People Who Are Hurt
  01/17/18
Can someone please refute the points made herein
fiercely-loyal slippery scourge upon the earth
  01/17/18
i think the consensus response is apparently “LMAO SELLCUCK ...
Dark Pit People Who Are Hurt
  01/17/18
can't wait to blank bump this thread in 6 months when ethere...
Deep church building
  01/17/18
holy shit guys i’m not saying “lol eth is fucked.” i own a b...
Dark Pit People Who Are Hurt
  01/17/18
(guy who thinks the crypto bubble is something that can be r...
Deep church building
  01/17/18
what an unsatisfying answer
Dark Pit People Who Are Hurt
  01/17/18
https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/st...
Deep church building
  01/17/18
You’re 100% right. It’s actually even worse than you say bec...
Sienna Base
  01/17/18
yo that looks like a shitton of pages but really interesting...
Dark Pit People Who Are Hurt
  01/17/18
...
Dark Pit People Who Are Hurt
  01/17/18
But I think there are 2 very good counterpoints regarding ET...
Disgusting School
  01/17/18
Goddamnit. Fuck fuck fuck Ive held eth all this time and nev...
Dark Pit People Who Are Hurt
  01/17/18
because you're thinking of this as an instrument of exchange...
passionate gas station
  01/17/18
Well I’m thinking of it as both an instrument of exchange (t...
Dark Pit People Who Are Hurt
  01/17/18
‘No barriers to entry...’ How is this true under either ...
ungodly histrionic dopamine french chef
  01/17/18
....
yapping chartreuse elastic band corner
  01/17/18
So trheres no point to building on top of ETH if you’re maki...
mind-boggling den
  01/18/18


Poast new message in this thread



Reply Favorite

Date: January 17th, 2018 11:08 AM
Author: Dark Pit People Who Are Hurt

let’s grant that it has unlimited potential as the platform for a host of world changing applications. but let’s also assume that as technology improves over time, it will become cheaper to maintain the blockchain. especially if it switches to a proof of stake system.

there are no barriers to entry to becoming an eth miner, so it would be impossible for miners to charge a higher gas price than the cost of maintaining the blockchain, which itself we agree is going to come down a ton. and of course eth will be diluted over time as miners get more coins that subsidize more mining (and further reduces the gas price and thus the ethereum price).

you can point to demand for the various tokens built over ethereum’s platform, but those tokens again are going to converge to the marginal cost of mining.

please refute this logic and convince me ethereum has a bright future as a long term play

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175063)



Reply Favorite

Date: January 17th, 2018 11:08 AM
Author: comical rose mexican cruise ship

*hits tutu pipe*

LOL SELLCUCK

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175066)



Reply Favorite

Date: January 17th, 2018 11:10 AM
Author: Dark Pit People Who Are Hurt

lmao not the answer i’m hoping for as a current bag holder

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175086)



Reply Favorite

Date: January 17th, 2018 11:11 AM
Author: comical rose mexican cruise ship

I'm just trying to give you an authentic answer as you would hear from 90% of crypto investors

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175094)



Reply Favorite

Date: January 17th, 2018 11:31 AM
Author: chestnut hall



(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175344)



Reply Favorite

Date: January 17th, 2018 11:09 AM
Author: Exciting stage

what if I told you that the value of ETH had little to do with its underlying utility but rather was based on animal spirits

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175069)



Reply Favorite

Date: January 17th, 2018 11:10 AM
Author: Dark Pit People Who Are Hurt

that’s what i’m driving at. i want someone to prove otherwise

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175081)



Reply Favorite

Date: January 17th, 2018 11:12 AM
Author: charismatic stubborn range



(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175097)



Reply Favorite

Date: January 17th, 2018 11:13 AM
Author: Twinkling location skinny woman

What are we "investing" in?

Aren't these things protocols like TCPIP or HTML? Are they patented? What's the end game with ethereum vs. Bitcoin vs. NEO?

That's where I'm confused, I really don't even know what question to ask.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175110)



Reply Favorite

Date: January 17th, 2018 11:22 AM
Author: misanthropic wagecucks

shh don't startle the animal spirits u fool

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175251)



Reply Favorite

Date: January 18th, 2018 3:58 AM
Author: mind-boggling den

1 fucking 80

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35181602)



Reply Favorite

Date: January 17th, 2018 11:21 AM
Author: misanthropic wagecucks



(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175245)



Reply Favorite

Date: January 17th, 2018 11:38 AM
Author: sepia casino keepsake machete



(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175404)



Reply Favorite

Date: January 18th, 2018 2:33 AM
Author: hilarious boyish pisswyrm chad

I would agree.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35181542)



Reply Favorite

Date: January 17th, 2018 11:11 AM
Author: glassy reading party

there will only ever be 21 million btc, which is why its value must tend toward infinite over time. ljl at ethcucks

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175090)



Reply Favorite

Date: January 18th, 2018 2:33 AM
Author: hilarious boyish pisswyrm chad

*forks a fork's forked fork*

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35181544)



Reply Favorite

Date: January 17th, 2018 11:13 AM
Author: Dark Pit People Who Are Hurt

the counter argument i think has to focus on the value of eth based tokens, but the SEC says they’re securities so without a favorable new regulatory regime this argument isn’t that great imo

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175114)



Reply Favorite

Date: January 17th, 2018 11:14 AM
Author: big-titted fanboi

didn't someone say that holding ethereum for its value is like holding batteries in the beginning of electricity? they're useful, but at some point they will just be a commodity or low marginal cost

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175119)



Reply Favorite

Date: January 17th, 2018 11:18 AM
Author: Dark Pit People Who Are Hurt

never heard that but it makes a scary amount of sense

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175162)



Reply Favorite

Date: January 17th, 2018 11:14 AM
Author: Dashing spruce double fault sex offender

Aren’t you the guy who was up mega bigly in crypto? I’m curious, what’s your emotional state right now?

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175124)



Reply Favorite

Date: January 17th, 2018 11:15 AM
Author: Dark Pit People Who Are Hurt

lmao i’ve been better

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175127)



Reply Favorite

Date: January 17th, 2018 11:19 AM
Author: yapping chartreuse elastic band corner

Governments will kill any non government approved blockchain currency. Once upon a time every bank minted its own money. ETH will go the same way as dollars minted by those banks. Blockchain currencies will be a thing -- blockchain rubles,yuans, dollars etc.... Bitcoin and ETH will be footnotes in the history books except that ETH based blockchains will probably endure as back end warehousing systems deep inside banks where they will replace old databases built on Cobol or Oracle.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175194)



Reply Favorite

Date: January 17th, 2018 11:25 AM
Author: Dark Pit People Who Are Hurt

every municipality in the country attempted to strangle uber in its crib on behalf of incumbent cab companies. regulatory capture typically happens because the beneficiaries and benefits of innovation are widely dispersed and people can’t learn info and politically mobilize in a cost effective way. social media changed that and uber is now a thing.

this is an hugely imperfect analogy so feel free to mock me. but maybe if enough people grow to support cryptos a democratic government may have trouble shutting them down. the upcoming south korea elections may be a test case

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175297)



Reply Favorite

Date: January 17th, 2018 11:26 AM
Author: big-titted fanboi

watch this and you will understand why it's impossible to censor Bitcoin, unless you can censor the whole internet basically: https://www.youtube.com/watch?v=3mUcpsbnhGE

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175309)



Reply Favorite

Date: January 17th, 2018 11:29 AM
Author: Twinkling location skinny woman

China does this. If a government made it illegal under the guise of being suspicious of money laundering, it would deter most people. Not good folks

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175332)



Reply Favorite

Date: January 17th, 2018 11:35 AM
Author: Arousing meetinghouse community account

yeah if china ever tries to ban bitcoin it'll ruin bitcoin lol hope that never happens

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175374)



Reply Favorite

Date: January 17th, 2018 11:30 AM
Author: yapping chartreuse elastic band corner

Im sure after the Russian and Chinese governments shoot a few dudes everyone will just rush to own more bitcoin.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175341)



Reply Favorite

Date: January 17th, 2018 11:33 AM
Author: Dark Pit People Who Are Hurt

the idea of authoritarian regimes oppressing their people into economic stagnation while the free world enjoys incredible technological innovation sounds awesome

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175361)



Reply Favorite

Date: January 17th, 2018 11:38 AM
Author: yapping chartreuse elastic band corner

China and Venezuela are like half the tards buying this shit.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175401)



Reply Favorite

Date: January 17th, 2018 11:27 AM
Author: talented becky

(guy who thinks ethereum tokens are meant to be used as currency)

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175314)



Reply Favorite

Date: January 17th, 2018 11:28 AM
Author: Dark Pit People Who Are Hurt



(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175321)



Reply Favorite

Date: January 17th, 2018 12:13 PM
Author: Twinkling location skinny woman

Is it like owning a transmission line company in the unregulated power model? Eg) Power generating companies pay you to maintain the lines and transport the electricity? So its assumed that companies will pay you to own the ETH (a power line) and keep the network afloat?

I don't know question to ask there has to be a simple analogy.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175718)



Reply Favorite

Date: January 17th, 2018 11:24 AM
Author: flushed appetizing hairy legs

dapps are bullshit, smart contracts are bullshit. if they weren't then at least ONE useful and practical one would have materialized by now. that hasn't happened. all ETH will ever be used for is transferring value, like bitcoin. and it does that very well. but so can many other cryptos.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175288)



Reply Favorite

Date: January 17th, 2018 11:30 AM
Author: silver motley site degenerate



(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175342)



Reply Favorite

Date: January 17th, 2018 11:38 AM
Author: disrespectful curious preventive strike

(Guy who thinks you can built a dapp in 2 days)

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175403)



Reply Favorite

Date: January 17th, 2018 12:24 PM
Author: flushed appetizing hairy legs

ethereum has been around since 2014 homie, and most of the dapps you've been hearing about have been "in development" for nearly two years, all while making bank on token ICOs

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175779)



Reply Favorite

Date: January 17th, 2018 11:39 AM
Author: talented becky

dapps are shit right now because ethereum needs to scale to support them. its a bottleneck in the industry. fortunately it looks like ethereum will successfully scale in 2018.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175415)



Reply Favorite

Date: January 17th, 2018 12:25 PM
Author: flushed appetizing hairy legs

you're dreaming. of all the DAPP proposals, you don't need a blockchain for 99% of them.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175784)



Reply Favorite

Date: January 18th, 2018 8:20 AM
Author: bull headed field shitlib

Blockchain has applications in the insurance industry. I can't think of any others.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35181910)



Reply Favorite

Date: January 17th, 2018 11:36 AM
Author: Dark Pit People Who Are Hurt

so the takeaway from this thread is that ethereum is going to exponentially tank over the next 5 years then. good talk guys.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175382)



Reply Favorite

Date: January 17th, 2018 11:39 AM
Author: disrespectful curious preventive strike

Good thing it'll get to $5K in the next 5 years and it will mint hundreds of millionaires in the process! YNY.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175409)



Reply Favorite

Date: January 17th, 2018 11:39 AM
Author: Dark Pit People Who Are Hurt

i wish!!! show your work tho

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175414)



Reply Favorite

Date: January 17th, 2018 11:42 AM
Author: fiercely-loyal slippery scourge upon the earth

Can someone please refute the points made herein

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175434)



Reply Favorite

Date: January 17th, 2018 11:50 AM
Author: Dark Pit People Who Are Hurt

i think the consensus response is apparently “LMAO SELLCUCK HODL!!!”

i, for one, find this very reassuring

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175492)



Reply Favorite

Date: January 17th, 2018 12:14 PM
Author: Deep church building

can't wait to blank bump this thread in 6 months when ethereum is at 5k

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175721)



Reply Favorite

Date: January 17th, 2018 12:17 PM
Author: Dark Pit People Who Are Hurt

holy shit guys i’m not saying “lol eth is fucked.” i own a bunch of eth i’d love if it hit 5k

are you saying this will happen despite a massive spike in miners scrambling to churn out more eth to meet the public’s irrational demand for these coins? i just want to know why

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175737)



Reply Favorite

Date: January 17th, 2018 12:17 PM
Author: Deep church building

(guy who thinks the crypto bubble is something that can be rationally analyzed)

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175740)



Reply Favorite

Date: January 17th, 2018 12:19 PM
Author: Dark Pit People Who Are Hurt

what an unsatisfying answer

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175749)



Reply Favorite

Date: January 17th, 2018 12:21 PM
Author: Deep church building

https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/stages_bubble.png

ok i got you fam

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175767)



Reply Favorite

Date: January 17th, 2018 12:25 PM
Author: Sienna Base

You’re 100% right. It’s actually even worse than you say because GASPRICE is decoupled from yhe cost of ETH by design.

Over the medium term, utility coins head to zero, store of value coin (and here will only be one) goes up bigly.

http://s3.eu-west-2.amazonaws.com/john-pfeffer/An+Investor%27s+Take+on+Cryptoassets+v6.pdf

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175785)



Reply Favorite

Date: January 17th, 2018 12:28 PM
Author: Dark Pit People Who Are Hurt

yo that looks like a shitton of pages but really interesting.

isn’t it better if the price of gas is decoupled from eth though? then my coins can be worth whatever the market says even as the gas price goes down

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35175797)



Reply Favorite

Date: January 17th, 2018 1:22 PM
Author: Dark Pit People Who Are Hurt



(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35176318)



Reply Favorite

Date: January 17th, 2018 1:25 PM
Author: Disgusting School

But I think there are 2 very good counterpoints regarding ETH's utility and pricing

1) WHEN MOON?

2) WE LAMBO

clear?

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35176347)



Reply Favorite

Date: January 17th, 2018 1:29 PM
Author: Dark Pit People Who Are Hurt

Goddamnit. Fuck fuck fuck Ive held eth all this time and never bothered to really dig in till this morning. just gave you idiots the benefit of the doubt that it wasn’t such a fucking terrible investment proposition. Jesus Christ fuck fuck I’ve been conned by neckbeards

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35176386)



Reply Favorite

Date: January 17th, 2018 4:31 PM
Author: passionate gas station

because you're thinking of this as an instrument of exchange as opposed to something more like a element within an investment portfolio. as time goes on, you can expect more of the latter to displace the priorities of the early adopters. how easy is it to convert something like a corporate bearer bond into something more tangible like food? it's a multi-step process where you have to convert the thing into an actual currency, etc.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35177914)



Reply Favorite

Date: January 17th, 2018 5:11 PM
Author: Dark Pit People Who Are Hurt

Well I’m thinking of it as both an instrument of exchange (the currency with which one pays for gas and acquires tokens) and as an investment meant to appreciate over time. My point is that even if the ethereum flourishes with lots of incredible applications, it hardly follows that ethereum will be a better part of my portfolio. IF the price of gas goes down, and people only need tokens to pay for specific application related services (so not using it as a store of.value), the price of eth is going to drop even as it grows in popularity. If it doesn’t more miners are going to enter the market and bid down the gas price until it does

In the short run though, expect miners to buy up lots of eth in anticipation of a proof of stake system

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35178232)



Reply Favorite

Date: January 17th, 2018 6:50 PM
Author: ungodly histrionic dopamine french chef

‘No barriers to entry...’

How is this true under either PoW or PoS? They both require substantial capital investments.

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35178860)



Reply Favorite

Date: January 17th, 2018 9:22 PM
Author: yapping chartreuse elastic band corner

....

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35180004)



Reply Favorite

Date: January 18th, 2018 4:05 AM
Author: mind-boggling den

So trheres no point to building on top of ETH if you’re making a token?

(http://www.autoadmit.com/thread.php?thread_id=3862551&forum_id=2#35181616)