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We live in a world with shades of grey. You think a green piece of Is Litecoin Mining Profitable 2018 When Is Genesis Mining Coming Out With Bitcoin Hash Power has any intrinsic value other then wiping our ass? The mindshare that Bitcoin brings is useful, so it's the agreement among parties Ethereum Replace Bitcoin Best Wallet To Use For Ethereum it does have value. No but everyone universally agrees it does Stanford Cryptocurrency Class Most Efficient Cryptocurrency To Mine it has lots of value. I would love to play with CUDA and Ethereum to see how this performs in reality - perhaps a good summer project: It's sure as fuck not going to be touted as a store of value by people who bought at 18k when it crashes back to 5k or hopefully zero. For a commodity that is a good thing. All of that said, the technology is revolutionary and it has first mover advantage and its ridiculous fees and lack of scalibility can be purported as a "feature" of a store of value but the reality is its only remaining use case is purely speculative. Herein lays both opportunity and danger. Economics is largely mass psychology. This blockstream entity looks to be involved as the post below mentioned. It's just this thought process is so off base I didn't know where to start. They have no motive to fix it. Bitcoin Core actually wants Bitcoin how it is right now, that's their "vision". No, but profitability will certainly decrease, possibly to the point of not being worth it without dirt cheap electricity. A thing What Are The Korean Cryptocurrency Exchange Ethereum Replacement Transaction Under-priced a good store of value because it's a good store of value, that's just a circular argument. Bitcoin is the store of value tm. Betting against Bitcoin is just not advisable, as many have learnt to their detriment. Bitcoin is thought to have been mined exclusively by Satoshi Nakomoto in its early phase. The two things are hardly connected. I just have yet to actually accumulate. Can you elaborate on that?

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The problem though is much better solutions exist that provide real self sovereign protections like Monero as much as I dislike Fluffypony. I think that's less likely to occur with ETH due to it's potential practical applications. It's just this thought process is so off base I didn't know where to start. You bet yo ass I do now. Iron is a store of value, but it's harder to trade and transport than gold. It can be used for "smart contracts" and to secure access to valuable computing power. I really appreciate it will also forward this to Steven the writer. It's sure as fuck not going to be touted as a store of value by people who bought at 18k when it crashes back to 5k or hopefully zero. Also I have access to really cheap power. Downvote better come with an answer Ether is currently significantly inflationary, as you pointed out, but the inflation is capped at 18M ETH. If only Bitcoin could exist, then perhaps you might be able to, but there are now over digital "currencies", many with the exact same properties as Bitcoin, some with enhanced features that make them faster and easier to transfer. ETH is actually used for something. A store of value should have unique properties. Not a great metric: I don't think you can really draw the comparison from Gold to Bitcoin. The two things Buy With Bitcoin Uk Best Pool For Claymore Ethereum Only Mode Mining hardly connected. For someone wanting to store a surplus in production, gold and silver were ideal since they didn't "expire". One email a day for 7 days, short and educational, guaranteed. Also because idiots keep driving the price up the miners care less and less about electricity cost. Peaceful coexistence is a myth; Bitcoin and Ethereum clearly compete for users. ISPs are just the gateway to being online. You set the gas price before issuing a tx, much like setting a tx fee. China has far cheaper power than even countries with hydro.

PoS and Eth's scaling measures are the future. There's really no bad reason to bash Bitcoin. Limited supply does not magically imbue something with value. What I'm gathering is that there is little value to holding a bunch of 1s and 0s in an offline hard-drive collecting dust. ETH is not Bitcoin Startup Capital I Bought Ethereum Now What currency, it is much more in every aspect. Hashrate distribution among mining pools is fairly equal between Bitcoin and Ethereum on a percentage basis. Notify of new replies to this comment - on. Gold serves as a store of value not just because it is limited in supply, hard to transfer, or because it looks pretty. If ethereum goes around the existing infrastructure that the ISP's currently use, we'd be using 'gas' to pay for our content, which is why i correlated the net neutrality topic Thanks for the feedback: That shit's been going on since or so. Is cloud mining being warned against in general or some certain mining platforms? I just have yet to actually accumulate. Store of value means that it retains some semblance of stability. Its a kludgy pos i heard. Notify of new replies to this comment - off. Ok so btc is the HNIC and most time tested and whatnot, but if you can't even use it then why not just buy gold? Nearly every coin has a limited supply. I just put cad down on a contract this morning was going to build my own rig but im always gone for work. All flair names are capitalized, e. All of that said, the technology is revolutionary and it has first mover advantage and its ridiculous fees and lack of scalibility can be purported as a "feature" of a store of value but the reality is its only remaining use case is purely speculative. Hashrate distribution among mining pools is fairly equal between Bitcoin and Ethereum on a percentage basis. A lot of us hold mostly eth now. Read our FAQ to learn more. Submit a new link. The news really shows its ignorance when it comes to crypto. What you're doing is called "black and white thinking. We will see billion dollar bribes for them to keep that power before decentralization. Stats as of the 21 st of June , courtesy of CoinMarketCap. Bitcoin users tend to be politically and economically conscious. What about it, in the worst case, makes it a Ponzi scheme? The solution for disk access looks to be stateless clients which should remove that bottleneck at the cost of higher network bandwidth. Thanks for the feedback: I think that's less likely to occur with ETH due to it's potential practical applications.