ETH soared in 2017 because it was a platform for all the scammy erc20 tokens and ponzi schemes. It reached a marketcap of $124 billion (3 times the market cap of TESLA, 2 times the marketcap of Goldman Sachs, 6 times the marketcap of TEVA), just to put things into perspective. It was a huge bubble and it's fair value is something around $10. I find it unbelievable that people still don't get this
Bitcoin and Monero matter since they're actually being used for some purpose
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You tried to sound smart but failed miserably with the last sentence.
Fuckoff harvey
yep you've got it all figured out user.
>monero
>use cases: drugs and terrorism financing
Imagine being so God damned retarded you think private ledger is a good long term investment.
Sucky sucky stinkies.
this but unironically
i'm a mETH user and a legitimate business owner. monero has 0 use case for me and even if some version of bitcoin adopts some form of smart contracts, it'll be too centralized and conservative
before some angry autist spergs all over this, i'm not saying there's no use case for XMR/BTC, just that the groups who need XMR/BTC and the groups who need ETH don't necessarily overlap
are you actually retarded
Unironically 146 IQ.
laugh at this absolute brainlet
2 times the market cap of a automotive company that fails to make profit and of a corrupt bank which can be made totally obsolete in the current form with the potential that Ethereum has.
Short now faggit. As if TESLA and Sachs aren't going to rely on blockchain technology in the future.
>ETH soared in 2017 because it was a platform
Frankly the post could've stopped here, and OP would have saved a lot of face.
and what would you use eth for?
let's face is ethereum is a meme, unscalable shitcoin, terabyte blocks, staking is joke it's never gonna work, at least not in a secure way, Vitalik's socialistic dream of having his "decentralized world super computer" where some pajeet in india can "stake" his $100 worth of tokens is never gonna work.
The devs are rich and don't give a fuck, Lubin is sellin hopium on twitter, they all know it's going nowhere, blockchain is for IMMUTABILITY, that's all, blockchain = money not some fucking dapps, smart contracts or whatever other BS you come up with. Keep shitting on bitcoin, but I guarantee you in a few years everyone will look back at today's threads laughing their asses off how stupid and naive people used to be about "muh blockchain revolution" as a cure for everything. Screen cap this post, I'll do it for sure and post it everytime the topic comes up in a few years so that people can't say
>hurr durr no one could predict that eth would fail back then
I'm predicting it now, the double digit shitcoin will soon enter the single digit phase, 0 utility and eventually some rich guy will decide to 51% the shit out of it for the lulz and that will be the end of the scam called "ethereum"
155 IQ and I agree with you, but don't overlook the retardation of the market. Monero is still hugely overvalued but will have another run if there is another bull market within crypto.
imagine thinking a group of pedophiles and animal-fuckers understand even a single iota of reality. That is your ethereum supporter.
>it's fair value is something around $10.
oh ok, thanks mr market manager. let everyone know so eth can so to it's fair value
>blockchain is for IMMUTABILITY, that's all, blockchain = money not some fucking dapps
FUCKING /THREAD
ALL PLATFORM MEMECOINS NEED TO DIE
P2P VALUE STORAGE AND TRANSFER IS THE KILLER APP, YOU FUCKING BRAINLETS
>everyone will look back at today's threads laughing their asses off how stupid and naive people used to be about "muh blockchain revolution" as a cure for everything.
it's exactly how i look back at everyone who said DOTCOM this and DOTCOM that - "PUT IT ON THE WEB", etc in the mid-late 90's. ETH = pets.com and the like. i've been saying this on this board for over a year. now, i rarely get any delusional replies
The additional vaporware ERC20s are additionall $250 billion.
The total MCAP of $800 in dec probably was 40-45% ETH and ERC 20 scams
I would love to see you brainlets face when monero gets delisted from all exchanges and tanks to 50 cents
Definitely, but when it comes to crypto I think long term. I'm not one of these 2017 "muh bull" normies. What's monero going to look like in 5 years, 10 years, 15, etc. To me it only stands to reason that private ledgers will be targeted by legislation to ban them on domestic exchanges, which will tank prices and cripple or destroy future gains compared to public ledger projects.
If you want to buy a shitcoin for long term, think projects like OMG, DApps, and projects targeting banking institutions.
Daily reminder that ETH is amazon all over again and gigabrainlets will still be calling it a scam in 20 years when it's the backbone of the entire internet
Its going to be link
>Its going to be link
Not sure if bait or actual delusion at this point.
>155 IQ
why not 175? Larping on Jow Forums can be funny for people with an IQ of 110.
based and redpilled
That's the exact reason I've always avoided privacy coins; I can understand why someone would use them for their intended purposes, but it seems ridiculous to classify them as a "store of value". Monero's fan-base seems one of the more cultish, anarchic ones that have deluded themselves into thinking any regulation will only serve to increase the value through publicity.
I like the idea of the OMG technology, but speculation aside, do you think the token itself has any inherent value to hoard long-term?
And just like the dotcom bubble there will be a handful of projects that recover and do 1000x from here. 99% will die and I will shit on their grave but a few will make it.
I knew ETH was doomed the moment it got clogged up by digital fucking cats.
Because the maximum IQ on the Mensa Cattell III B test is 161.
Libertarians think they can fill their diapers and throw them at the wall to roaring applause. You are correct in assuming that centralized exchanges will eventually stop transacting in private ledger units.
Been saying this since the beginning. All privacy coins will be regulated into oblivion. Maybe not this year maybe not next year, but in the long run it is the only possible outcome. They will still exist and be used for their intended purpose (drugs and money laundering) but no exchange will list them and anyone who holds them will be a target. If XMR was worth more than $1 in 2025 I'd be amazed.
imagine being so retarded to think that you buying shit should be everyone's business
this, imagine not hedging some eth at lowest prices 90% of this board have ever seen
wtf. A sane response on Jow Forums? Why I have never
>and money laundering
you probably mean tax evasion. No idea how a privacy coin could help with laundering money
have some pasta:
1. You are traveling through parts of a country with a medium to high violent crime rate. You need to use some of your Bitcoin to pay for something. If every person you transact with knows exactly how much money you have, this is a threat to your personal physical safety.
2. You are a business that receives a payment from a supplier. That supplier will be able to see how much money your business has, and therefore can guess at how price sensitive you are in future negotiations. They can see every single other payment you’ve ever received to that Bitcoin address, and therefore determine what other suppliers you are dealing with and how much you are paying those suppliers. They may be able to roughly determine how many customers you have and how much you charge your customers. This is commercially sensitive information that damages your negotiating position enough to cause you relative financial loss.
3. You are a private citizen paying for online goods and services. You are aware that it is common practice for companies to attempt to use ‘price discrimination’ algorithms to attempt to determine the highest prices they can offer future services to you at, and you would prefer they do not have the information advantage of knowing how much you spend and where you spend it.
4. You sell cupcakes and receive Bitcoin as payment. It turns out that someone who owned that Bitcoin before you was involved in criminal activity. Now you are worried that you have become a suspect in a criminal case, because the movement of funds to you is a matter of public record. You are also worried that certain Bitcoins that you thought you owned will be considered ‘tainted’ and that others will refuse to accept them as payment.
More ICOs now than ever. Just not in America. American's would rather boomers get third homes than let millenials build startups to disrupt the future.
Land of the free.
These are very good points. Nobody should be able to know the balance of my cryptocurrency's wallet. That's just fucking absurd and a major oversight/lack of judgment on Satoshi's part.
>They can see every single other payment you’ve ever received to that Bitcoin address
You've never actually used an actual bitcoin wallet have you?
I'm not disputing the use-case - if you read my post I said I can understand why someone would use privacy coins for their intended purposes. My concern is privacy coins being regulated, i.e. ultimately removed from high-volume exchanges.
I almost ignored this ridiculous thread, but then I saw your response. This is a well thought out response, and I agree with you completely. The problem is that most governments will not agree with you. I believe privacy coins will be outlawed. I really hope I'm wrong though.
Ethereum will be the backbone for an entire new generation of technology. Anyone who thinks otherwise is delusional.
Will I make it with 5 ethereum?
I doubt it, but I really have no idea. I'm just buying the modest amount I'm capable of buying while it's low.
Do you know that privacy is an human right?
Kekkkkkk
untraceability =/= privacy
even banks can offer you privacy. How do you think most rich people can tax evade in swiss banks?
>untraceability =/= privacy
monero is optionaly traceable
>its only optional to do illegal things!
>I like the idea of the OMG technology, but speculation aside, do you think the token itself has any inherent value to hoard long-term?
So long as the DEX is used, and if it becomes popular, yes. Think BNB, but decentralized so it isn't tied to the success of the company, but the technology that it facilitates.
Imagine being so retarded you dont think cryptocurrency is considered an asset by every major nation on the planet.
>hur dur I know more than literal computer scientists and software engineers
You’re a fucking embarrassment to /biz
Use a mixer/tumbler and multiple wallets, brainlet. You hold the majority of your coins in a primary wallet, and if you want to keep prying eyes away, you mix/tumble into a secondary 'spending' wallet. How new are you?
yes that sure sounds a lot easier than just having it baked into the protocol lol. also a lot more expensive because of fees. kys
trusting a mixer is not very intelligent.
And why should i hassle with multiple wallets if i can have monero with xmr.to?
The holy pillar of coins will be:
>btc
>eth
>xmr
>link
>nano
That's all you need.
>mixers are expensive
You've never actually used one, have you?
The conversation is that XMR will tank after legislation catches up, and that there are alternative options if you want privacy on a public ledger. It's not about convenience.
mixers have obviously mostly tainted coins, thats why you will have a high propability to get tainted coins using a mixer.
The conversation is about usefullness of BTC, ETH and XMR. Go test your IQ again.
Sorry you were unable to flow the conversation, friend.
Guys what about REQ?
I'll cite OP for you:
>Bitcoin and Monero matter since they're actually being used for some purpose
Can I request my money back?
((they)) haven't told you what the pillar of coins will be yet
including nano seems abit of a sellout, but your other suggestions are not wrong.
How come you guys never mention KMD? It literally allows you to launder money sing JUMBLR, and uses ZCASH zsnark tech. Best of both worlds
>launder money
look up for definition of money launderiung first.
>muh gaytherium
>muh vitalik autist
kek
lmao at these shills
>still in denial/my investments are with great companies
kekekekekek
I was half serious. Point is it has privacy features