1. EOS ICO is over. That accounted for a large part of the ETH demand over the past year. All the money flowing into ETH for EOS tokens is part of what pumped ETH so high.
2. A lot of regulator scrutiny on ICOs means less demand for ERC20 tokens. And any existing ERC20 projects that are deemed securities will dump all their ETH before they close down.
3. Far more competition now from more technically advanced platforms like EOS, SKY, NULS, VEN, XLM etc. Last year ETH had no competition. New and existing ERC20 projects will move to better platforms.
I just don't see how ETH can survive. Without hundreds of ICOs constantly buying ETH, the platform is pretty much dead. It doesn't really do anything else except for enabling companies to launch shitcoins, and why would they launch on ETH now when it can only handle 6TPS and there are so many better alternatives?
ETH is dead. EOS or SKY will easily displace it from the number 2 position this year.
They hold it and gradually sell if off as needed when they require funds. But they'll dump it all at once if there's a danger their project will be ruled non-compliant with securities laws.
Isaiah Moore
Bug bounties are a good thing. You new to open source?
Lincoln Ortiz
He's doing the right thing. There's no such thing as bug-free code, and the more eyes looking at it the more secure it will ultimately become.
Nicholas Morgan
The right thing was to make sure shit was good to go. How unprofessional does it make this scrub look. The whole point of this shit is decentralization which this shit isn’t.
Ian Peterson
Dan has been programming for 20 years and had multiple testnets. Need different fud.
Dominic James
>Far more competition now from more technically advanced platforms like EOS, SKY, NULS, VEN, XLM
Ok so why has critical bugs been found 2 days before mainnet? Fact not FUD.
Adrian Ortiz
>The right thing was to make sure shit was good to go That's what he did. It's good to go. Bugs have been found and fixed before main net.
Kevin Moore
>Far more competition now from more technically advanced platforms like EOS, SKY, NULS, VEN, XLM Yes, and not just those five. There are literally dozens of more advanced platforms now.
Jaxson Reed
NEO is the new ETH now, any legit coin project launches an NEP-5 token instead of a shitcoin ERC20
Jeremiah Wright
NEO is still 2nd gen. It has scaling issues. EOS and SKY are 3rd gen.
Landon Bennett
>EOS and SKY are 3rd gen.
hot is 4th gen. you can scale up to 1 bill txns
Logan Rivera
And trips confirm.
Michael Smith
user your first point has got to be some sick right? there's no way people can actually believe that
Isaiah Brown
XLM if anything is a threat to BTC and not to ETH.
Eli Campbell
Well, EOS is going to fall off a fucking cliff after the news today, so you can tick that off your contender list - and it was your main contender btw.
> There are literally dozens of more advanced platforms now.
Almost every altcoin in the Top 100 is more advanced than BTC, but what's at #1 right now?
Alexander Bailey
Well people are complaining that EOS selling some ETH dumped the price recently. That same ETH had to be purchased in the first place. It placed continuous buy pressure on ETH for 12 months. They collected billions of dollars worth of ETH. That must have had a major impact in pushing of the price of ETH last year (along with all the other ERC20 ICOs).
Levi Martinez
What, the news about the bug they fixed? That's old news. Price already dipped and recovered.
>Almost every altcoin in the Top 100 is more advanced than BTC, but what's at #1 right now? How much market share has BTC already lost to more advanced platforms? It won't be dethroned overnight but it's happening.
Nolan Torres
icos in general are dead, which is bad news for eth. it is, however, the most successful crypto of all time if you account for growth over time. vitalik has showed again and again that he's worthy as a leader, eos still has a lot of ground to cover, which could also be seen as a buy opportunity
tl;dr: buy everything
Landon Sullivan
You see OP, you just don't get it. ETH is still the first blockchain to do smart contracts. That's a big deal and where ETHs true value comes from, not to mention first movers advantage.
Projects like LINK are memed because if it does what it does, then ETH will be doing a majority of the decentralized computation for smart contracts in the future. This means ETH could be processing real world digital agreements instead of just token contracts.
Thomas Edwards
And you heard that from who? The 'block producers' at EOS? The same ones who are incentivized to bury bad news about their product? Just like they tried to hide the fact that the bug(s) existed earlier today?
EOS is basically ETH without any decentralization.
So basically it's a server worth billions of dollars for literally no reason.
EOS investors seem to not realize that speed, security, and scalability are literally not an issue if decentralization is taken out.
Xavier Ramirez
>ETH is still the first blockchain to do smart contracts Smart contracts are a meme. The only thing ETH is actually used for is launching shitcoins. There are no real-world business applications running on ETH. It can't handle them. ETH is used to launch ERC20 tokens, run pyramid scams, and it grinds to a halt when people play cat games on it.
Without a steady stream of ERC20 ICOs purchasing ETH, there is literally no significant other real demand for the platform. It's not used for anything else. Businesses don't want to launch a 'smart contract' - they want to launch applications that actually do something useful. What businesses are using a 'smart contract' and what are they using one for? The answer is none and nothing.
Jaxon Campbell
EOS is as decentralised as it needs to be, and the bugs/fixes are not hidden, they're published as soon as they're found and resolved.
Jordan Walker
Like I said, if projects like LINK do their job, those issues won't be a problem for ETH anymore. When that happens, you'll regret it.
Elijah Jackson
unironically it will make things much worse, price wise
Basically, the Ethereum network has not capped its block size which is leading many nodes to opt out due to insufficient hardware requirements. This is causing a centralization to occur. Simultaneously, many dapps will become dysfunctional as a result. No one knows when the full effect of this will be felt in the network, as all the instruments for discovering metrics and data are obscured. Sharding will not solve this issue either. So in other words, Ethereum is fucked.
Jason Peterson
it is not that bad, also FYI if your nodes is not a mining node, your "validation" is complete bollocks. That problem will become relevant when the chain goes above 20 TB. Then they will just truncate it. It is a non event.
Yes, it's decentralized enough. It's not going to crash or go down because of a node failure. It can't be shut down by governments. That's sufficient. That's all businesses will care about when they decide which platform to deploy on. They won't give a shit that there aren't a billion nodes. They'll be satisfied that the platform is resilient enough for their needs.
Anthony Richardson
Really? How do you solve the problem of dispute resolution when the fate of your EOS dApp is up to the whims of 21 "block producers" who are literally bought and paid for (1 EOS token = 30 votes for who gets to be a block producer).
Is that better than hosting your app on Google Cloud or Amazon AWS? Doesn't sound like it. Come to think of it, those cloud service providers have huge data centers all over the world though. EOS block producers, on the other hand, will have every incentive to scale down their hardware whenever the price of the coin drops.
In other words, it's an incredibly shitty substitute for a cloud service provider.
Complete brainlet. No matter how good these platform projects claim to be they are 2 years behind ETH in proving they have a stable and usable blockchain.
Corporations will not use something not tried and tested. Demand for ETH might recede due to less ICOs but once scaling is implemented and smart contracts are being used by businesses the rest are fucked.
Charles Rivera
>OP attempts to shoehorn a weak and irrelevant SKY shill into an old discussion.
Adam Baker
They have not been fixed though. I'd be very surprised if mainnet release isn't delayed.
Hunter Ortiz
They were already fixed before the fud was even published.
Thomas Thompson
>once scaling is implemented and smart contracts are being used by businesses the rest are fucked By the time ETH can scale, EOS, SKY and other platforms will already be dominant. Demand for ETH will recede until it becomes obsolete.
Sebastian Brooks
This
Seriously pajeet. I give 1/10 for this shill attempt
Keep holding ETH for the time being then user. You can sell your ETH for a loss and FOMO in to EOS in a few months time, when it leaps past ETH on CMC.
Jose Gray
Stop what your doin Cuz cardanos bout to ruin The image and the style That you’re used to
Ryder Brown
>Far more competition now from more technically advanced platforms like EOS, SKY, NULS, VEN, XLM etc. Last year ETH had no competition. New and existing ERC20 projects will move to better platforms. This is how I know you're a bullshitting FUDder. None of those platforms are anywhere as close to being as advanced as ETH is. Hell, more than half of what you listed doesn't even have a working product, not even a running main net. None of them have as many developers working on the project as ETH does, and none of them has the backing from enterprises that ETH does.
You're full of shit and you probably know it. Anyone that believes this deserves to lose money.
Logan Cox
Stellar's been live for years. You can do 300k transactions with $0.01 because it's fees are so low. Transactions take 3-5 seconds. Blows ETH out in every way except complexity. Only real thing ETH's complexity has brought is vulnerabilities/hacks and tons of scammy shitcoins getting launched. Plus Stellar is partnered with IBM and Delloite and others.
James Stewart
>Stellar's been live for years. So one out of 5 listed platforms actually work right now. Amazing. >Blows ETH out in every way except complexity. Only real thing ETH's complexity has brought is vulnerabilities/hacks and tons of scammy shitcoins getting launched. Plus Stellar is partnered with IBM and Delloite and others. Yes, of course. The only main reason for a blockchain to actually exist is actually a bad thing. Only on Jow Forums would you read something this retarded. If you actually believe banks will ever allow blockchains to supersede them in the world of finance, you're deluded. Neither banks will allow it, nor will people want to have to deal with a network that can't undo their shit mistakes. And by attempting to fix any of that, you'll be centralizing the network, which defeats the purpose of a blockchain to begin with. ETH is amazing because of how complex it can be. Because it allows real applications to be built on a truly decentralized platform. This has never been done before, and has much more utility than any of you brainlets will ever realize until it bites you in the ass. Keep your delusions of grandeur that one day one of these knock off chains will somehow overthrow banks just because they can do a few thousands of transactions on the cheap. Newsflash, most banking systems can already do that too, most can even do it for free, they just choose not to. If competition ever came about to them in that area, they'd simply start doing it for free as well.
Tyler White
>So one out of 5 listed platforms actually work right now. Amazing. They all work. Sky has been running for years and already has a few live dapps with 30+ more ICOs in the pipeline. EOS main net in two days and dozens of dapps are launching, some of which have already airdropped. None of the new platforms will grind to a halt like ETH when somebody plays a kitty game. EOS is super fast, they even have a game of space invaders running as a demo to highlight the blockchain speed... eosauthority.com/space/
ETH literally is not used for anything other than launching ERC20 shitcoins. That's all anyone is doing with the Ethereum platform. Its shitty 'smart contract' language is not powerful or flexible enough for real-world business applications.
Isaac Cooper
PRIOR TO SECOND BTC ALL TIME HIGH PRICE THERE WILL BE A MINUSCULE AMOUNT OF TIME (FIVE MINUTES TOPS) IN WHICH THERE WILL BE A ETHEREUM RUN UP TO $964 THIS IS THE FINAL OPPORTUNITY FOR CRYPTO TRADERS TO SELL THEIR ETHEREUM TO LOCK IN GAINS LOOK AT THE DUMP ORDERS - IF THERE ARE INSUFFICIENT ORDERS PRESENT, THERE WILL BE A PUMP! LAST CHANCE TO SELL ETH WITH PROFFIT !!!
raising money on eos is too risky since its part of the protocol than money can be confiscated and stolen from you at any point on eos.
Josiah Bell
Cool, so I can download a SDK today and release something? People can get a browser plug in to use my Dapp? Oh wait, I can't because it's all vaporware and not released. Meanwhile Ethereum is getting sharding, sidechains etc. Loom sidechains are out now, DPos, same as EOS. So why would anyone move?