Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
cbeast
on 15/03/2016, 08:14:19 UTC
Quote from: chesthing on March 15, 2016, 04:49:35 AM
Quote from: JimboToronto on March 15, 2016, 03:37:37 AM
Quote from: chesthing on March 15, 2016, 02:53:57 AM
Quote from: Alley on March 14, 2016, 11:45:54 PM
ETH market cap just lost 100 million.  But no rise in btc?

Le me 'splain.
The same fuckin' bitcoins that startid the pump has continued the pump. There ain't no new moneys, get it? and the best part, it's the same fuckin bitcoin that was given to them in the ipo. Free money to pump their worthless fuckin' shit.
BRILLIANT.

Nobody can ever call Vitalik anything other than brilliant. He's a bona fide genius.

I saw him speak at Decentral in Toronto back in January 2014, on the eve of the ETH IPO.. He was brilliant and almost had me convinced that giving him bitcoins for ethers would have been a great deal.

I looked into ETH, read the white paper and decided that while the concept of smart contracts and a decentralized P2P programming platform were ground-breaking, and the "ASIC-proof" mining algorith was impressive, something just didn't smell right about the business model.

I took a pass on the IPO. Needless to say, during these last few weeks I've come to question that decision as the price soared. I've always thought that Ethereum has great promise and it was only the way they marketed it that made me skeptical. Maybe I'll still consider buying some ethers once the inevitable crash occurs.

Well, he became a millionaire spinning his bullshit, so yeah, I'd say he's brilliant. That thing you smelled, btw, was bullshit.
He certainly knows how to spread technobabble thick. I've read his white papers since his "Second Bitcoin" one first Ethereum White paper. I can't find the earliest version. He takes a long time to make a point and you're not even sure if it is. He is not eloquent because he doesn't really know what he's talking about. I suggested that gas is a protocol level fee market, which is what I've advocated for years, but he said no it is a fee cost, but you can figure out the market. Potato potato. IOW he spins everything to make an argument even when there isn't one. He's smart, but he seems to prefer to make money over a useful system. So he made an OS out of Bitcoin. People have been writing systems for decades. He still thinks PoS is a good idea ffs.