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lets have a brutally honest conversation about ethereum

let’s grant that it has unlimited potential as the platform ...
Pea-brained Skinny Woman
  01/17/18
*hits tutu pipe* LOL SELLCUCK
irate useless brakes field
  01/17/18
lmao not the answer i’m hoping for as a current bag holder
Pea-brained Skinny Woman
  01/17/18
I'm just trying to give you an authentic answer as you would...
irate useless brakes field
  01/17/18
...
ruddy impressive fanboi
  01/17/18
what if I told you that the value of ETH had little to do wi...
Mustard Excitant Abode
  01/17/18
that’s what i’m driving at. i want someone to prove otherwis...
Pea-brained Skinny Woman
  01/17/18
...
crawly bearded messiness
  01/17/18
What are we "investing" in? Aren't these things...
greedy goal in life cuckoldry
  01/17/18
shh don't startle the animal spirits u fool
Stimulating aqua gunner
  01/17/18
1 fucking 80
pearly hateful gas station milk
  01/18/18
...
Stimulating aqua gunner
  01/17/18
...
very tactful bawdyhouse
  01/17/18
I would agree.
light space
  01/18/18
there will only ever be 21 million btc, which is why its val...
High-end Bbw Private Investor
  01/17/18
*forks a fork's forked fork*
light space
  01/18/18
the counter argument i think has to focus on the value of et...
Pea-brained Skinny Woman
  01/17/18
didn't someone say that holding ethereum for its value is li...
Hideous church
  01/17/18
never heard that but it makes a scary amount of sense
Pea-brained Skinny Woman
  01/17/18
Aren’t you the guy who was up mega bigly in crypto? I’m curi...
Jade legal warrant
  01/17/18
lmao i’ve been better
Pea-brained Skinny Woman
  01/17/18
Governments will kill any non government approved blockchain...
Massive chocolate lodge
  01/17/18
every municipality in the country attempted to strangle uber...
Pea-brained Skinny Woman
  01/17/18
watch this and you will understand why it's impossible to ce...
Hideous church
  01/17/18
China does this. If a government made it illegal under the g...
greedy goal in life cuckoldry
  01/17/18
yeah if china ever tries to ban bitcoin it'll ruin bitcoin l...
insecure big-titted crackhouse
  01/17/18
Im sure after the Russian and Chinese governments shoot a fe...
Massive chocolate lodge
  01/17/18
the idea of authoritarian regimes oppressing their people in...
Pea-brained Skinny Woman
  01/17/18
China and Venezuela are like half the tards buying this shit...
Massive chocolate lodge
  01/17/18
(guy who thinks ethereum tokens are meant to be used as curr...
scarlet party of the first part corn cake
  01/17/18
...
Pea-brained Skinny Woman
  01/17/18
Is it like owning a transmission line company in the unregul...
greedy goal in life cuckoldry
  01/17/18
dapps are bullshit, smart contracts are bullshit. if they we...
Haunting chad jap
  01/17/18
...
180 ticket booth degenerate
  01/17/18
(Guy who thinks you can built a dapp in 2 days)
Cyan Razzle Queen Of The Night Cuck
  01/17/18
ethereum has been around since 2014 homie, and most of the d...
Haunting chad jap
  01/17/18
dapps are shit right now because ethereum needs to scale to ...
scarlet party of the first part corn cake
  01/17/18
you're dreaming. of all the DAPP proposals, you don't need a...
Haunting chad jap
  01/17/18
Blockchain has applications in the insurance industry. I can...
citrine aggressive pistol electric furnace
  01/18/18
so the takeaway from this thread is that ethereum is going t...
Pea-brained Skinny Woman
  01/17/18
Good thing it'll get to $5K in the next 5 years and it will ...
Cyan Razzle Queen Of The Night Cuck
  01/17/18
i wish!!! show your work tho
Pea-brained Skinny Woman
  01/17/18
Can someone please refute the points made herein
boyish church building candlestick maker
  01/17/18
i think the consensus response is apparently “LMAO SELLCUCK ...
Pea-brained Skinny Woman
  01/17/18
can't wait to blank bump this thread in 6 months when ethere...
Milky Floppy Old Irish Cottage
  01/17/18
holy shit guys i’m not saying “lol eth is fucked.” i own a b...
Pea-brained Skinny Woman
  01/17/18
(guy who thinks the crypto bubble is something that can be r...
Milky Floppy Old Irish Cottage
  01/17/18
what an unsatisfying answer
Pea-brained Skinny Woman
  01/17/18
https://people.hofstra.edu/geotrans/eng/ch7en/conc7en/img/st...
Milky Floppy Old Irish Cottage
  01/17/18
You’re 100% right. It’s actually even worse than you say bec...
red sound barrier police squad
  01/17/18
yo that looks like a shitton of pages but really interesting...
Pea-brained Skinny Woman
  01/17/18
...
Pea-brained Skinny Woman
  01/17/18
But I think there are 2 very good counterpoints regarding ET...
Slate Nofapping Place Of Business Tanning Salon
  01/17/18
Goddamnit. Fuck fuck fuck Ive held eth all this time and nev...
Pea-brained Skinny Woman
  01/17/18
because you're thinking of this as an instrument of exchange...
Vibrant Immigrant Home
  01/17/18
Well I’m thinking of it as both an instrument of exchange (t...
Pea-brained Skinny Woman
  01/17/18
‘No barriers to entry...’ How is this true under either ...
Charismatic out-of-control national hunting ground
  01/17/18
....
Massive chocolate lodge
  01/17/18
So trheres no point to building on top of ETH if you’re maki...
pearly hateful gas station milk
  01/18/18


Poast new message in this thread



Reply Favorite

Date: January 17th, 2018 11:08 AM
Author: Pea-brained Skinny Woman

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: irate useless brakes field

*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: Pea-brained Skinny Woman

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: irate useless brakes field

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: ruddy impressive fanboi



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



Reply Favorite

Date: January 17th, 2018 11:09 AM
Author: Mustard Excitant Abode

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: Pea-brained Skinny Woman

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: crawly bearded messiness



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



Reply Favorite

Date: January 17th, 2018 11:13 AM
Author: greedy goal in life cuckoldry

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: Stimulating aqua gunner

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: pearly hateful gas station milk

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: Stimulating aqua gunner



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



Reply Favorite

Date: January 17th, 2018 11:38 AM
Author: very tactful bawdyhouse



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



Reply Favorite

Date: January 18th, 2018 2:33 AM
Author: light space

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: High-end Bbw Private Investor

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: light space

*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: Pea-brained Skinny Woman

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: Hideous church

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: Pea-brained Skinny Woman

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: Jade legal warrant

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: Pea-brained Skinny Woman

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: Massive chocolate lodge

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: Pea-brained Skinny Woman

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: Hideous church

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: greedy goal in life cuckoldry

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: insecure big-titted crackhouse

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: Massive chocolate lodge

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: Pea-brained Skinny Woman

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: Massive chocolate lodge

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: scarlet party of the first part corn cake

(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: Pea-brained Skinny Woman



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



Reply Favorite

Date: January 17th, 2018 12:13 PM
Author: greedy goal in life cuckoldry

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: Haunting chad jap

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: 180 ticket booth degenerate



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



Reply Favorite

Date: January 17th, 2018 11:38 AM
Author: Cyan Razzle Queen Of The Night Cuck

(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: Haunting chad jap

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: scarlet party of the first part corn cake

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: Haunting chad jap

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: citrine aggressive pistol electric furnace

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: Pea-brained Skinny Woman

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: Cyan Razzle Queen Of The Night Cuck

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: Pea-brained Skinny Woman

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: boyish church building candlestick maker

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: Pea-brained Skinny Woman

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: Milky Floppy Old Irish Cottage

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: Pea-brained Skinny Woman

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: Milky Floppy Old Irish Cottage

(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: Pea-brained Skinny Woman

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: Milky Floppy Old Irish Cottage

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: red sound barrier police squad

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: Pea-brained Skinny Woman

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: Pea-brained Skinny Woman



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



Reply Favorite

Date: January 17th, 2018 1:25 PM
Author: Slate Nofapping Place Of Business Tanning Salon

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: Pea-brained Skinny Woman

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: Vibrant Immigrant Home

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: Pea-brained Skinny Woman

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: Charismatic out-of-control national hunting ground

‘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: Massive chocolate lodge

....

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



Reply Favorite

Date: January 18th, 2018 4:05 AM
Author: pearly hateful gas station milk

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)