A warning about eth

It doesn't scale now, it probably will never scale and the congestion will most likely get worse from here.

Isn't it a huge issue that recent ICOs are basically a DDoS on the entire Ethereum network? • r/ethereum
Dear God the fr33 market just gave $150M to something we found out didn't work in practice in the #augur beta • r/ethereum

ICOs and dapps depend on being able to submit on-chain transactions which will become aggressively slower and more expensive over time exactly as bitcoin has.

 

[Xenophis]

Aside from theoretical solutions currently being undertaken (shard/Raiden), applications such as iex.ec are aiming to allow dApps to compute off chain with the help of Oracles, and according to their roadmap, RLC will see its first use cases come out this fall.

Appreciate the warning though, nothing is a sure bet and it's good to remember that.

 

Aside from theoretical solutions currently being undertaken (shard/Raiden), applications such as iex.ec are aiming to allow dApps to compute off chain with the help of Oracles, and according to their roadmap, RLC will see its first use cases come out this fall.

Appreciate the warning though, nothing is a sure bet and it's good to remember that.

Nothing I've seen in any of their whitepapers or discussions leads me to believe they will be able to solve their scaling problem at all.

 

[Xenophis]

Nothing I've seen in any of their whitepapers or discussions leads me to believe they will be able to solve their scaling problem at all.

Scaling is a wide known issue as stated many times before. That aside, no one give's a rats ass about XRP. (Don't mention banks, because Ethereum has bank AND government interest.) Microsoft would NOT have become the giant it is today by just providing a great technology. Don't get me wrong, XRP has some interesting underlying tech. But you need developers. And Ethereum has the most, bar none in the crypto space. I'll leave it up to the tens of thousands more technically inclined folks to handle scaling while I focus on fundamentals.

 

Scaling is a wide known issue as stated many times before. That aside, no one give's a rats ass about XRP. (Don't mention banks, because Ethereum has bank AND government interest.) Microsoft would NOT have become the giant it is today by just providing a great technology. Don't get me wrong, XRP has some interesting underlying tech. But you need developers. And Ethereum has the most, bar none in the crypto space. I'll leave it up to the tens of thousands more technically inclined folks to handle scaling while I focus on fundamentals.

I read this as:
"These deck chairs need rearranging on this great ship: the titanic. I'll let tech nerds worry about the massive hole in the side of the ship because I'm only interested in the deck chair 'fundamentals'."

 

[Xenophis]

I read this as:
"These deck chairs need rearranging on this great ship: the titanic. I'll let tech nerds worry about the massive hole in the side of the ship because I'm only interested in the deck chair 'fundamentals'."

Time will tell. I can't help but chuckle a bit at the notion that ETH is a sinking ship though. I've heard that several times in the past, never seemed to be true in the long term.

 

Time will tell. I can't help but chuckle a bit at the notion that ETH is a sinking ship though. I've heard that several times in the past, never seemed to be true in the long term.

Bitcoin is a sinking ship too. Short term and even medium term price movements often fail to reflect fundamentals. History is replete with examples.

I suggest The Big Short (2015) - IMDb for a recent one

 

[jimboy32]

Bitcoin is a sinking ship too. Short term and even medium term price movements often fail to reflect fundamentals. History is replete with examples.

I suggest The Big Short (2015) - IMDb for a recent one

They are all sinking ships, XRP as well. They will never be able to implement what they are trying to do. Totally useless coin with a fake value, people are greedy and biased thinking XRP will be the new "Bitcoin". I don't think they will succeed in the long run but that is just my personal opinion, if they do however it will be some good ROI on your investment.

 

[Ritysayo]

They are all sinking ships, XRP as well. They will never be able to implement what they are trying to do. Totally useless coin with a fake value, people are greedy and biased thinking XRP will be the new "Bitcoin". I don't think they will succeed in the long run but that is just my personal opinion, if they do however it will be some good ROI on your investment.

Why do you think it has fake value?

They are supported by large banking industries, and are gathering continuous support. They are going to be signing a 10 year contract on how they will distribute the Ripple into the market, which should increase the price of Ripple because the amount of coins distributed will become more limited. It will also make the market more trustworthy knowing that the huge percentage owners by the developers will not be shoved into the market randomly making the value of the coin decrease. The technology may have strong competitors, but they are already at a point where their price is going to keep increasing due to the relationships they have in Japan and China.

 

They are all sinking ships, XRP as well. They will never be able to implement what they are trying to do. Totally useless coin with a fake value, people are greedy and biased thinking XRP will be the new "Bitcoin". I don't think they will succeed in the long run but that is just my personal opinion, if they do however it will be some good ROI on your investment.

Ripple is not theoretical. It's already being used in live production by 75 banks, with 75 more currently working to add it.

The implementation already exists and has been tested extensively in production for years.

Ethereum on the other hand is overpromised and underdelivered with large parts of it turning out to be vapourware.

You do yourself a significant disservice by failing to do your own research.

 

[kc]

Classic Richard, take a break mate.

 

[PRO]

Classic Richard, take a break mate.

This is completely off topic, but the temption is so strong, that I'm going to have one cold right now!

 

[kc]

On a serious note, someone on that Reddit link you posted mentioned an article Vitalik had written. It's a good read - Analyzing Token Sale Models

 

On a serious note, someone on that Reddit link you posted mentioned an article Vitalik had written. It's a good read - Analyzing Token Sale Models

smoke and mirrors, trying to move attention away from the fact that eth doesn't scale and get clogged up by the slightest load

 

[FastFish]

Sythe, which token you think it will be the one with the best future?

 

[jimboy32]

Ripple is not theoretical. It's already being used in live production by 75 banks, with 75 more currently working to add it.

The implementation already exists and has been tested extensively in production for years.

Ethereum on the other hand is overpromised and underdelivered with large parts of it turning out to be vapourware.

You do yourself a significant disservice by failing to do your own research.

It will never be adopted worldwide. Once again, this is just my opinion. I wouldn't invest in it right now unless you can afford to put money on something that you don't get a return on.

I rarely invest long term on any coin, I prefer to buy in when the price dips and re-sell once it goes up.

 

It will never be adopted worldwide. Once again, this is just my opinion. I wouldn't invest in it right now unless you can afford to put money on something that you don't get a return on.

I rarely invest long term on any coin, I prefer to buy in when the price dips and re-sell once it goes up.

It's already adopted worldwide

 

[Boney]

Thank you for this warning, People right now are getting sucked into things like this thinking it's free $$$ and will be hit hard when speculation starts to dry up as more of these problems start coming into more light and the price will fall.

Be sure to read this if you haven't: I was wrong about Ethereum – Startup Grind – Medium

 

[jimboy32]

It's already adopted worldwide

Has it replaced the IBAN system? No it hasn't

 

Thank you for this warning, People right now are getting sucked into things like this thinking it's free $$$ and will be hit hard when speculation starts to dry up as more of these problems start coming into more light and the price will fall.

It's because we've been in a bull market. Making money in a bull market might be the easiest thing to do in life. The thing that is most profitable in the long-run are your fundamentals and research you have gathered.