Consider Ethereum

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  • Sat, Nov 21, 2020 - 07:30pm

    #1
    Mohammed Mast

    Mohammed Mast

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    Consider Ethereum

For the few here who might have an interest in crypto I suggest looking into Ethereum.

BTC is north of $18.5k and with institutional buyers moving in is looking to go much higher. One could buy fractions of BTC or offer goods and services in exchange for BTC.

There are thousands of coins/tokens out there that one might invest in. Some offer staking rewards so you can earn additional income from  them.

One possibility is Ethereum. Ethereum is in the process of a major upgrade which will enable better scaling and lower gas fees. Currently , though not under the radar, it is being dwarfed by the huge moves of BTC. It is currently @ $548 with a real possibility of going much higher. (Its all time high was just over $1400.) The new upgrade is promising “staking ” which will enable you to earn interest. The details have not been worked out yet . The following is one take.

Analyst: Ethereum Likely to Target $555 as Bulls Shatter Key Level

  • Sun, Nov 22, 2020 - 08:35am

    #2
    jvanname

    jvanname

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    Consider Ethereum

I am not interested in Ethereum for several reasons.

1. Ethereum is 70% pre-mined.

2. Ethereum is centralized. If you don’t believe me, then just remember that Ethereum was forked by the central authority into Ethereum and Ethereum Classic in order to undo the DAO breach of security.

3. Ethereum’s mining algorithm was never designed to solve any scientific problem (this should be a deal breaker for anyone).

4. Vitalik is a bit creepy.

5. Ethereum has unknown supply.

6. As far as I know, None of the digital contracts on Ethereum are being used to solve any scientific problem. I really do not like such an anti-scientific sentiment.

Currently I am not interested in your opinion.

But if you stop saying the same thing over and over again I could be persuaded to change my mind.

  • Mon, Nov 23, 2020 - 09:38am

    #4
    tbp

    tbp

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    Ethereum objections deconstructed

@jvanname
I am not interested in Ethereum for several reasons.

1. Ethereum is 70% pre-mined.

A lot of that was sold in a crowdsale on Bitcoin’s blockchain. Vitalik & co. do deserve criticism for this though, I agree.

2. Ethereum is centralized. If you don’t believe me, then just remember that Ethereum was forked by the central authority into Ethereum and Ethereum Classic in order to undo the DAO breach of security.

Yes, though any highly controversial rule change (more controversial than undoing theft transactions made by a hacker exploting a smart contract bug) will be met with stronger opposition and thus greater hardfork risk. If a cartel (central authority) of top developers get together to implement an unwanted change, we’ll hardfork again into an Ethereum Original or People’s Ethereum or similar idea.

3. Ethereum’s mining algorithm was never designed to solve any scientific problem (this should be a deal breaker for anyone).

I’ve shown you multiple times how this argument is invalid/silly (it DOES solve the biggest scientific problem ever which is the separation of money and state). But you don’t respond nor upgrade your understanding… why?

4. Vitalik is a bit creepy.

LOL, and Lagarde inspires confidence with her every word.

5. Ethereum has unknown supply.

A complex topic that’s not a deal-breaker, because we do have reasonable approximations, and issuance is locked-in and deflationary.

6. As far as I know, None of the digital contracts on Ethereum are being used to solve any scientific problem. I really do not like such an anti-scientific sentiment.

You’ve yet to provide or even suggest an example of what that would look like. It’s like criticizing the sky because it isn’t red. You’re the one who is clearly holding unscientific sentiments by refusing to upgrade your views in light of new information, or to challenge/discuss the information that counters/upgrades your arguments… You’re presumably defining “scientific problem” in some unclear way by which you mean “problems other than crypto”… or what?

  • Mon, Nov 23, 2020 - 10:49am

    #5
    Mohammed Mast

    Mohammed Mast

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    Consider Ethereum

tbp just ignore he/she is just trolling . DO NOT FEED

  • Mon, Nov 23, 2020 - 05:01pm

    #6
    jvanname

    jvanname

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    Ethereum objections

“I’ve shown you multiple times how this argument is invalid/silly (it DOES solve the biggest scientific problem ever which is the separation of money and state). But you don’t respond nor upgrade your understanding… why?”-When you respond, you need to actually give an reasoned argument instead or at least the reference to such a resoned argument. You will not convince me of anything simply by hurling putdowns and insults. But then again, since Bitcoin and Ethereum have mining algorithms which were never designed to advance science, Bitcoin and Ethereum attract many low quality specimens who have little intellectual curiousity and little appreciation for science.

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