/biz/ - Business and Finance

www.coinmarketcap.com

around $3m-9m market cap is a sweet spot

or 150k-300k if you wanna get even more ridiculous

a swollen market cap is harder to pump/dump, go with something cheaper.

and whatever you do, hold %50 of your crypto wealth in bitcoin, it will save your ass and reduce overexposure to volatility (within the portfolio)

i wouldn't bother with eth, there are much better bets in crypto land

Eth currently at $92

$256.72 now.

As much as I've heard. What shakes my faith in the coin is the handling of the DAO hack (reverting transactions from transactions that were not properly tested, granted that the entity involved was important enough). I think there is still profit to be made from trading; however in a long term sense, it may be superceded by other projects also offering such a platform.

>>1593

>(reverting transactions from smart contracts that were not properly tested*

they still haven't solved the scalability problem, which you'll start becoming more relevant as the various projects on the platform starts using the blockchain.

https://medium.com/@yobanjo/ethereum-wont-scale-like-you-ve-part-2-9e9ee42d07c5

I would still hold eth as it's still set to increase in value, but once the network starts to choke it might be wise to drop off while prices are at top

it's going to the moon because of the btc hardfork

buy buy buy tbh

Just think about what a Blockchain is.

Its a distributed database.

Each Node has a copy of the Database.

So its basically like a Torrent, but every so and so minutes, a block is added, by every single node.

Now you can cut the torrent of at some point, which is called "pruning". But still the network only has as much "throughput" as each node has.

So basically the whole network can only handle as much data as a single server can. And preferably not supercomputer in a datacenter, but a desktop with a dsl connection.

Scaling will allways go along with more centralization, thus with less "Blockchain".

You can just increase the data a node can process, but that means all nodes that cant handle that much data drop.

Or you can somehow have a central settlement blockchain, with others attached to it.

Then you basically have multiple blockchains, not one.

This is a difficult task for Bitcoin.

For Ethereum its far worse.

There is no "dezentralized supercomputer", the supercomputer basically is as fast as your desktop pc, because it cant be faster than the individual nodes are.

Now imagine:

Can your desktop computer handle all of the dapps proposed for Ethereum? all at the same time?

Is this Internet 3.0? A desktop pc running all websites at the same time?

No thats complete nonsense.

And thats why Ethereum is hype. I know there is some scaling ideas in the pipeline. But thats all speculation.

Its speculation that Vitalik and his Super IQ can solve the Problem that others cant solve. He hasnt solved it yet. Ethereum is still just a desktop pc running software + redundancy.

Actually a desktop PC is more powerful than the whole Ethereum Network because it doesnt have to sync via the internet.

Now that doesnt mean Ethereum is shit. Its a nice software people can use to create their own blockchain for any purpose.

Just like Linux is a nice software people can use to run a server.

But not all websites run on the same server. Yet that seems to be the idea of people who buy Ether.

No one needs your Ether if he just runs his own blockchain.

The only application where it really makes sense for everybody to use the same blockchain is money.

There is for example no reason why bitcoin should integrate DNS services into its blockchain. Thats why Namecoin exists.

Those who want to use DNS Blockchains can do so without having to sync and verify all the bitcoin data.

If you would use Ethereum for DNS, you would have to also sync all of the other dapps data. stupid idea.

>>1621

And my guess is that Ethereum will scale in this way:

There will be a central blockchain that servers as the "Gas layer" the settlement layer.

And then you have different "shards" or sidechain on the side that are running the dapps.

And that is pretty much a clone of bitcoin then. Because you can do smartcontracts on sidechains to bitcoin.

You can also do them on the main chain on Ethereum, but only for now. So in the end, Ethereum will basically become more like Bitcoin. Which is ironic, because Ethfans think that Ethereum is somehow Bitcoin 2.0

>>1621

Makes sense. I've noticed Ethereum was rather focused on web development. It would fulfill the unique goal of decentralized and uncensorable websites I thought, but then there's IPFS already.

But for any other kind of applications, it would seem Ethereum is kind of pointless, inefficient, and expensive. I've looked through some of the dapps, and largely they aren't really anything. Some of them are some basic games that cost something per action (which no one is really willing to do much less begin playing).

Is there an actual dapp out there that anyone legitimately uses?

Ethereum seems to me like a scam and smart contracts seem more like a gimmick than an actual useful feature. 70 Million coins have been premined and in hands of Butters and his clique.

yes! sell before it hits 1k +!

>>1308

well, with codius already getting deployed, I think ethereum will be obselete tech.