Quote from: dadon on June 18, 2016, 03:42:14 PM

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. 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).

We don't need smart contracts so nothing needs to replace ETH.. And i doubt anybody is going to be interested in smart contracts for a long time.
Smart contract = gimmick shit
decentralized currency= very important

Take home idea: we really don't need smart contracts. The Oracles cause centralization issues, and while smart contracts sound sharp, I really don't see a reasonable use case outside of finance/law (where the Oracle would be subject to regulation, and therefore would have the proper motivation to behave) Grin

Indeed, bitcoin had Gox, but Gox was intentional. This is almost like criminal negligence.