Seems there is a lot of confusion about why Ethereum's price doesn't go down when in a free market it should:
To be honest here, I have no idea how ETH isn't collapsing as people move their ETH to BTC or fiat or gold or whatever. I mean, how come people has still thousands of BTC on the ETH market? I have no idea beyond thinking marketing is a very powerful thing to raise the price of an asset.
I mean fuck, who believes in ETH long term after Vitalik Buterin told exchanges to stop trading to stop panic selling? I think this fact alone makes ETH something you can't trust.
Im waiting for Rootstock to see if it can replace ETH, but for now I would stay cautious with smart contracts stuff.
Even the DAO attacker explains ETH is not dropping because buying demand is printed out-of-thin-air by the insiders employing margin trading with the ETH they probably deceptively obtained by buying the ICO from themselves. Review the following linked posts for the details:
https://bitcointalk.org/index.php?topic=1413819.msg15343686#msg15343686https://bitcointalk.org/index.php?topic=1413819.msg15363783#msg15363783https://bitcointalk.org/index.php?topic=1526067.msg15362605#msg15362605https://bitcointalk.org/index.php?topic=1413819.msg15364284#msg15364284https://bitcointalk.org/index.php?topic=1526614.msg15365639#msg15365639https://bitcointalk.org/index.php?topic=1526990.msg15364629#msg15364629Im waiting for Rootstock to see if it can replace ETH, but for now I would stay cautious with smart contracts stuff.
RootStock is technologically flawed, because Sidechains can't be secure. Review the following linked posts for the details:
https://bitcointalk.org/index.php?topic=1518508.msg15284907#msg15284907https://bitcointalk.org/index.php?topic=1518508.msg15286570#msg15286570CounterParty is technologically flawed, because Bitcoin's block chain can't secure what it doesn't validate. Review the following linked post for the details:
https://bitcointalk.org/index.php?topic=1518508.msg15283868#msg15283868Someone please ask Andreas if he wants to continue promoting scams:
apparently this isn't something to argue. for if one of these token get to be on the market with high value. it wouldn't be scam anymore.
You think ETH is not a scam any more as the insiders allegedly continue to pump it using margin traded creation of demand out-of-thin-air so that at the end bag holders will be holding empty bags worth 0 and the insiders will have siphoned off all the BTC you all invested.
With sufficient ignorance of you speculators, our crypto ecosystem will become nothing but a criminal enterprise. Thank you.
Edit: another confirmation of my stance on CounterParty and RootStock:
Counterparty and RootStock are two smart-contract projects building on top of bitcoin this way. But, Counterparty bundles its state (how much the guest owes you, etc) into bitcoin transactions, which werent designed for this purpose.
This also limits Counterparty transactions to bitcoins 10-minute block time, rather than ethereums 15-second one. Meanwhile, RootStock is far behind ethereum in development, arguably falling further behind every day, and involves some technical challenges (how to reliably transfer coins between the bitcoin blockchain and RootStock blockchain) that dont appear to be fully worked out yet.
In both cases, youre now dependent on two separate networks and technologies: bitcoin, and Counterparty or RootStock.
XCP is not the only smart contract for bitcoin
rootstock and i think maidsafe
I explained a few posts above that
XCP is a flawed.
RootStock doesn't have that same flaw, because it is its own side-chain and can verify every transaction. But side-chains have other problems and I expect them to be a clusterfuck.