The Stock Market, Investments, and Investing Thread
(07-20-2019, 03:22 AM)JayJuanGee Wrote: In my opinion it is a BIG ASS distraction for billydingdong or anyone else to  longterm invest into ethereum because it is a different thing from bitcoin and truly is not really adding much value to the concept of hedge or sound money (or storage of value), even though ethereum is a vehicle for a lot of dumb money to get into crypto and to scam a lot of people through ICOs, but whatever, that ponzi scheme of complexity around ethereum could take 20 years before it collapses, so if anyone invests into ethereum they likely need to be careful in terms of their timing and not to get stuck in ethereum at the wrong time (which some of the contracts related to ethereum lock up value on purpose, which seems to help the ponzi scheme to keep going if enough of the value is locked up in various likely to be shitty and meaningless contracts), even though ethereum probably should have collapsed already had it not been a kind of piling on effect of continued smoke and mirrors propositions, bitcoin imitations and decent marketing to suck in more and more dumb money regarding convoluted tech and convolution regarding what value that it might offer exactly beyond pie in the sky vaporware whitepapers in which any kind of value proposition that could develop through the various ethereum based platforms might NOT end up getting absorbed into bitcoin on a longer time horizon, anyhow.

Well...I guess that's your opinion. But respectfully, it seems like you don't know what you're talking about.

Especially the section I colored in blue above.

Putting aside the weird syntax, that's an interesting statement, and I'd like to know: what are you talking about here? How does some of the contracts related to ethereum that 'lock up value on purpose keep the ponzi scheme going?  And since you're cautioning others against Ethereum, what does this have to do with its price, value, and viability?

I seriously do not understand what you're saying here, and I bet you don't either. I've never heard anything like this, so an explanation would be helpful.

(07-20-2019, 03:22 AM)JayJuanGee Wrote: Yes... lots of smoke and mirrors in the Ethereum space, including the extent that they supposedly have "a lot of" developers (quality of developers?) or any kind of solid investors or any kind of solid ecosystem that is not one BIG ASS house of cards ready to fall at any moment or at least devolve into more contradictions and conflicting messages about what value it is that ethereum is actually providing, and surely, like billydingdong mention, these matter related to ethereum could be elaborated more in the crypto thread, or talk about bitcoin in the bitcoin thread.

Whatever you say...

But it's a lot of frothy hand waving and low-value commentary. Better to provide sources.

Here's one, an actual source, on dev adoption:
  • Ethereum has the biggest developer team in crypto. On average, 216 developers contribute code every month to Ethereum’s repos. This is undercounting the number of Ethereum developers since we do not include ecosystem projects like Truffle.
  • Bitcoin’s developer ecosystem is very healthy 10 years after launch. On average, more than 50 developers per month contribute to Bitcoin’s repos. This is undercounting the number of Bitcoin developers since we do not include ecosystem projects like wallets.

And I'm not going to get started with legit enterprise participation (Societe Generale, Ernst + Young, Microsoft Azure, Samsung, BBVA) and promising ERC tokens (DAI, Chainlink, BAT, Augur)

Saying that the Ethereum project is a 'ponzi scheme' and all 'smoke and mirrors' is [edit] bordering on ridiculous.

Explaining what you meant in the blue text above would be a good start in seeing why you think this way despite strong evidence to the contrary.

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RE: The Stock Market, Investments, and Investing Thread - by billydingdong - 07-21-2019, 02:50 AM

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