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RE: Crypto Crash... And Vitalik Buterin Death Hoax Brings To Light Risks In Ethereum
People criticize Dan for walking away from Bitshares and Steemit... but could VB walk from ETH? What would happen? A single rumor about VB's death tanked ETH, whereas BTS and STEEM are thriving, self-sustaining decentralized organizations that are growing without a single leader. If Dan can do the same with smart contracts via EOS, ETH is dead and buried.
then again: ETH may tank not because of those rumours but as a part of the plan.
Say you're big whale, wanna push ETH price down. So you spread rumour + make a biggish sale and the ball is rolling down the hill. Then you wait a bit when there is more sale, some start to panic, and then you buy.
Profit :-)
Cryptocurrency is still at its infancy, with great potential and inherent risks. This kind pull back is health. The real danger is the ICO frenzy - looks like bubble to me. Regardless We are early adapters and way ahead of the curve. Look at the long term...
The equation that ICO marketers use is simple: ROI/time=profitability.
There are many who have made a lot of money in crypto, and many more will make a lot of money as well. The next phase of this is commercialization, where the term ICO is familiar but exciting.
Long term wealth accumulation is what a day job is for. Instant wealth accumulation are subject to the formula above, and usually have the interest of the initiators for as long as they are still making the most amount of money with the smallest investment of time.
ICO frenzy is a result of band wagon effect, there is this rush to make a quick one from each initial investment.
Wow! Rumors of Vitalik being dead while he was well and asleep in another time zone sure has been a major troll move.
Dont forget, EOS needs ethereum to run on it :-)
well put
EOS is only using ethereum for the ICO..
Source?
Right here. That post states that "Consensus The Blockchain shall use Delegated Proof of Stake Consensus (DPoS) algorithm in combination with Transactions as Proof of Stake (TaPoS)." Does that sound like it will run on Ethereum, which is developing Casper for a PoS consensus mechanism?
you obviously "ARE" blockchainguru if you post this :-D
Well put.... I've been looking into EOS all day :-D
yes i see the future and it likely to be steem and eos - best to be involved
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