>i use dapps
Like what? ICOs? Trading shitcoins on etherdelta? Cryptokitties? All have been a failure.
Thats why in the recent consensus debate Lubin and that BTC maximalist got a little bit heated. The bitcoin maximalist was bettign that a few years from now the killer app will still be digital gold.
Do you even understand how lightning network works?
The whole system is fucked if it gets called a security (which it will).
Opening channels to make money? That's a security. It will be regulated away.
Lightning is dead.
BTC is dead
>Nothing bad is going to happen to ETH. Too many big players are invested.
Nothing is going to happen to ETH it will still be tradeable. Thats why the SEC probably notified coinbase to get a license to trade securities ASAP. That doesnt mean it isnt going to tank though.
Put it this way, if you had insider info ETH will be publicly declared a security tomorrow, will you sell? Of course you will dumbass, because you know other people will sell and the price will crash.
The ICOs declared as securities will definitely cash out the ETH they received. Thats why ETH is a pretty shitty hold currently. Downside is very high because a lot of ETH are bagheld by ICOs who get them basically for free and have no qualms about selling.
>they just said that shit so people will still be anticipative about an upcoming new listing like BAT
Not a bull market anymore, people wont pump every plausible shitcoin anymore based on a rumor.
Has raiden's price affected ETH? No. No one literally gives a fuck if Lightning is a security in terms of BTC price.
Thats why BTC has the best fundamentals that is digital gold. Its fundamentals is not caring about fundamentals. Listen to Peter thiel and Novogratz. BTC is just like bars of gold you hoard in a vault. No one cares about scalability as opposed to the store of value.
stateofthedapps.com
Example of an unmitigated success and real-world dapp: MakerDAO/Dai
Core has literally painted themselves into a corner.
They reject any blocksize increases in favor of lightning, and now lightning is about to get wrecked by the SEC.
The coin is dead now, it has no avenue for scaling.
Digital gold analogy only works if the coin has utility. You can't be digital gold if your coin doesnt even work.
BCH is everything BTC is but more and better.
How many attack vectors are there to kill BTC for good now?
It is very vulnerable.
Are you familiar with game theory?
>makerdao.com
Their website isn't even online mate.
You realize ETH still has to register as a security? And it also means they sold unlicensed securities.
>BCH
Lmao so thats what this is about. I'm not going to debate about BTC vs BCH since all that can be discussed about this has been discussed.
It all boils down on Store of value vs currency. BCH will never succeed since using this for payments is too cumbersome.
>You realize ETH still has to register as a security? And it also means they sold unlicensed securities.
ETH wont have any problems continuing to exist and will probably recover since the SEC is probably working with the exchanges like Coinbase on making them regulated exchanges to allow ETH to exist.
But if you dont want to dump in the short term, better exit fool.