Post
Topic
Board Altcoin Discussion
Re: Ethereum is great, but not money, which is why Poloniex has an XMR market.
by
americanpegasus
on 03/03/2016, 06:52:22 UTC
Sorry, not sorry. I have no shame admitting Ethereum will overtake Monero (XRR) and continue to do so. As someone familiar with Monero, there's nothing special about it and it won't got anywhere further than Ethereum

Here's the thing: I'm not so sure you are all that familiar with Monero.  Please explain how a public, proof-of-stake blockchain has any bearing at all on an untraceable, anonymous, pure proof-of-work blockchain.  Please note that this is the first such anonymous blockchain in the history of civilization.  

I've bought ETH at 90s or so, I really don't know if it's extremely cheap or expensive right now, but I know that it is something special and it's making Bitcoin tremble like no "altcoin" ever did before. Just do some research, I'm not all in on ETH, I have some BTC but I'm not too optimistic. I do feel there's a chance Bitcoin can make it out and be digital gold like I mentioned, but in terms of usability I'm afraid Hearn hit the nail on the head.

Check this out: http://motherboard.vice.com/read/the-dream-of-buying-a-coffee-with-bitcoin-is-dying-if-its-not-already-dead-block-size-fees

Here is some research on ETH in this very forum: https://bitcointalk.org/index.php?topic=1361602.msg14075148#msg14075148

If the thread is too long and the issues too complex to digest fully, here's a summary so far:

Smart contracts in a real world setting that must scale can not exist without Casper.

The virtual machine for smart contracts runs, but any sort of real world scaling of the virtual machine requires Casper.

I have explained why Casper can't possibly work and my point is unarguable.

TPTB is smart, and I know he attacks the math in Ethereum frequently, but it's a little above my head - so I'll let those better acquainted with such concepts argue about it.