I will expound on this soon:

Quote from: iamnotback on June 18, 2016, 03:30:15 PM

Quote from: dadon on June 18, 2016, 03:27:14 PM

You people thinking ETH will bounce back are "cooked" like seriously.. denial much? they fucked up worse then anything i have ever seen in crypto.
the fact you even compare it to BTC's problems in the past is just ridiculous.
like reality check the exchanges are locked up and it has lost already .5 billion... in like 48hrs!

Companies (even multi-nationals and some oligarchies) steal and waste $trillions all the time. Nation-states also. The goals of decentralizing the behemoths is orders-of-magnitude more valuable than some $millions experimental losses along the way.

Quote from: iamnotback on June 18, 2016, 03:37:05 PM

Quote from: shanem on June 18, 2016, 03:33:45 PM

Quote from: bobmarley650 on June 18, 2016, 12:17:23 PM

I am going to say it straightly, 0.05 BTC.

There is a panic now, you guys are not wrong, hard-soft fork, eth pos etc. bla bla bla.

But after the dust, eth will see an all time high. Sorry.

The DAO bad news is a big challenge to ETH. If this matter gets resolved, there is a good chance that ETH will continue its uptrend.

If this bad news drags on, there is a good chance this coin will follow the footsteps of Litecoin.

Unless something else replaces Ethereum as the leading marketcap for smart contracts, then Ethereum will recover as Bitcoin did after the decline to $7 or $1. Litecoin apparently lost its main raison d'etre which was those who were pumping BTC to $1200 needed a highly liquid coin to exit into and it had served as a home for displaced GPU miners when Bitcoin ASICs appeared.

This is assuming there isn't some insoluble technical issues, such as this one I opined about:

Quote from: iamnotback on June 18, 2016, 01:34:18 PM

The only way it is fixed is by the ecosystem maturing and having a wide diversity of smart contracts (many of which have been well vetted) so that the failure of any one of them can't impact the ETH price significantly. And I think also Ethereum might have a problem where bad contracts can infect other contracts, so that may prevent the ecosystem from ever being NOT TOO BIG TO FAIL (I need to research this more).

Quote from: iamnotback on June 18, 2016, 03:59:00 PM

Quote from: dadon on June 18, 2016, 03:49:23 PM

I had an epiphany also it was not to touch that link with a ten foot pole.

I practically wrote the Ethereum Paradox thread, so you are preaching to a former member of your tribe.

I don't intentionally promulgate technological bullshit.

So be careful. I think there is something very important coming as a use case in the smart contract area. I will be writing more about this soon.