Quote from: spartak_t on June 20, 2016, 06:53:52 AM

... and Ethereum is going to less than $10 as we speak.

All of you people constantly spamming your Eth propaganda were trying to scam others into buying it, and now you're mad you're losing money by knowingly participating in a scam and trying to deceive others into buying? Numerous people in the Bitcoin world have told you it's a scam. I've made about 20 threads saying so myself. Gavin Andresen, Gmaxwell, Luke Jr, Fluffypony, Bob McElrath, etc all said the same thing. Did it not seem suspicious to you that just about every single recognizable name in crypto who was not affiliated with Ethereum considered Ethereum a fraud?

Quote from: freshman777 on June 20, 2016, 07:00:10 AM

No it does not.

Eth/DAO failing because of programming errors, Bitcoin failing because of future power cuts to chinese mining farms do not affect the crypto movement in the long run. Eth and Bitcoin flaws have been and will be fixed in other crypto and the show goes on.

Completely wrong. Nobody has created any system better than PoW. Why proof of stake is useless:

Quote from: r0ach on May 20, 2016, 01:32:04 PM

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary. So why are two confirmations more useful in Bitcoin (PoW) than one? Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there's no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails. The act of introducing interest compounds this problem even more. This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger. The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.