Quote from: WoodySpoon on July 12, 2017, 12:24:50 AM

Quote from: guadalahara on July 11, 2017, 11:03:10 AM

Quote from: WoodySpoon on July 11, 2017, 05:54:07 AM

wouldn't an increase in ICO popularity theoretically increase the value of ETH by encouraging use of the token (giving an actual use to the currency)

hahahahahahahahha

FOR FUCKS SAKE.

How GLIB are you people? SERIOUSLY?

OK I'm pissed off at the stupidity I see, it reminds me how much I despise people etc etc but I will muster up some patience to break this down to you in simple terms so you can probably understand.

ETH - centralized, one-man (autistic degen) controlled, infinite supply, shitcoin
BTC - the only king of crypto, too heavy to throw around
how to take away money from degen gambler kids?
pump up the centralized, infinite supply shitcoin also known as "Ethereieieuyum"
get naive suckers plummet all their money into a centralized infinite supply shitcoin (see Crypto mom and other examples of lunacy)
make some ICO
promise some pointless shit "innovative disruptive tech" use some buzzwords, create a whitepaper, get scammers, shills and suckers excited
ICO - you give them your worthless piece of shit scamcoin ETH, that you purchased with real world money
ICO creators get your ETH
you get NewSuperCryptoProject token LMFAO hahaha
you announce it on your degen Twitter profile "Crypto Boss 420" and start using the classic terminology (HODL, Wall Street Di Caprio memes)
ICO creators decide to ca$h out
ICO creators DUMP all of that ETH because they have to get dollars, ya know, the real stuff
you end up back again with infinite supply centralized russian ponzi shitcoin

HODL
HODL
HODL
MOON
HODL

Very constructive post, keep up the good work!

Certainly there's no denying the amount of ICO's on the market that are terrible scam attempts is too high, but you're failing to understand that this gives exposure to the community. Any transaction is a good transaction at this stage.

Crypto as a whole is minuscule, you can't sit here and treat it like a currency because in reality, a few bold regulatory moves from a few international governments combined could simply wipe half the value of it. It's unstable, and it always will be as long as it remains virtual.

Printing currencies exists with fiat currencies, and so do large stacks of this belonging to a key group of people, are these a scam?

@WoodySpoon I lol'd at "constructive post". Your sarcasm is master level and very much appreciated! Grin