Okay so again, what the actual fuck is ETH standing on right now...

Okay so again, what the actual fuck is ETH standing on right now. Like what real world problems has it fixed in the time it has 10x since 3 months ago?

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Paying my rent

It's mostly speculation honestly, but it's not unwarranted.

ETH already kicks the shit out of BTC in terms of transaction times. But it's real value is as a generic blockchain platform people can use to fulfill smart contracts.

It allows u to send;)

200 companies wanting to join this

OP, you can like, make distributed apps... that no one asked for or is ever going to use... ever. Didn't you spend your time studying the blockchain while others where having premarital dance parties?

It's becoming the middle man for other atlcoins or "tokens" if you will that are starting to come out. Stealing the spotlight (and pretty much the only use) from btc now.

I did

By just growing a bit it gained itself exposure, and as you can see the token projects got some for themselves as well off of that, again reinforcing ETH in itself and so on. Further bolstering by alphabay adoption, EEA support, and two little known chinese whale meetings which MAY have been the wallets under the big pump shortly thereafter.

Now consider someone like myself. I've been in BTC for years, I knew about ETH and scoffed at it, gave it no time. Then I see the price is 10 bucks
>what the fuck
So I scooped some up and proceeded to evaluate the entire fucking market. All the while shuttles are launching and we reach here where the whole thing has fucken doubled in matter of months

kek

Software developers make useful things. Software devs made blockchain. Let's inject software dev into blockchains. Now we have even more useful things. Stuff that you would hear in crypto theory discussions are now happening. Contracts in blockchain. Elections in blockchain. Non-repudiatable info can be made (for ledgers, identity, etc.)

You can't see the usefulness because it's not completely there yet, but the bet is on the future. BTC transactions are becoming unbearable, all hail the new king ETH.

My question to you is can you explain in simple terms what exactly cryptocurrencies will be used to pay for, and why existing state currencies can't already fill the need.

I don't buy the inflation hedge stuff about crypto, gold and silver fill that need. Longterm, what is the need they're expected to fill. If that can't clearly be communicated, then it's possible that this is going to be something like the tech bubble, where normies bought into things they didn't understand. Not understanding something gives you a bad case of Weak Hands, and that's what causes crashes. Things need to be clearer here to avoid that.

>gold and silver fill that need

Not really true: cointelegraph.com/news/simply-wow-10000-bitcoin-investment-in-2010-now-worth-200-million-gold-9900

>Ethereum
>cryptocurrency

choose one. Eth is a platform not a a currency

ETH will lose edge when BTC introduces segwit enjoy while it lasts

That's a huge misunderstanding my part, I apologize, but I think the question is still one that could do with some discussion

Hahaha, good luck with that, those Chink miners will never support Segwit

Eth making moves boys. Lets make 100$ the new floor!

After looking more into it, Ether is used on the Ethereum platform, for things like smart contracts, so I guess that's why state currencies can't be used. So i guess the anonymity and security of these currencies are something of value which current state currencies can't really provide. There's potential to that.

Let me use EDG just for the purposes of a straightforward example.

>PROBLEM
Gambling heavily regulated in many or most countries around the world, cannot just gamble when or wherever you please

>SOLUTION
gamble via underground bookie guaranteed terrible odds, gamble via third party account hassling / trusting them to withdraw etc... (i do this frequently, either banned by bookies or no/terrible local markets, ran out of bowlers). We have ONE exchange available in my country that allows peer to peer markets, expensive, no fucking volume, poor odds.

>BETTER SOLUTION
anyone give a fuck who they are can take a bet online, against anyone in the world with a minimum of fuss and be guaranteed full and correct payment.

>So why does that need to be decentralized?
Powerful and / or corrupt governments, big fucking time bookmakers, various lobby groups, the mob / yakuza / niggers whatever, will obviously not be too pleased about giving up their pieces of the action to some cunt with a server in some bullshit country, on top of that who wants to trust some cunt in a bullshit country, fairly powerful forces at work all summed.

>So why not just fiat?
Simply in this instance the EDG just gives everyone one common currency to work with, as well as removing the roadblocks of say uploading fiat and having a mess of markets, forex fees, time, all that shit, as well as a means to transfer value to those powering the system. The smart contract side of it provides trust for people to know they'll get the true result, and gets shit done on it's own.

Thanks, I'm starting to get the appeal of this stuff. I will say, there definitely is potential.

by the way i'm not saying this isn't going to cause a whole mess of other social problems, but consider that figures suggest BTC gambling transactions are in the trillions of dollars worth per year. the market, for one reason or another, does exist and is not fucking around.

anyone who wants to take the crypto game to the next level, add me on skype: CryptoAnna

already a huge amount of variety in projects, i suggest just skimming the websites of as many as you can and you might find some just automatically make sense to you.

another quick one i see with legs is golem, i used to fold and seti to be a nice guy and help out with the processing, immediately made perfect sense to me that this could be viable commercially.

one more and i'm out

freshen up on what happened to silk road and take a look at BAY

by the way no endorsement of any of these, just seem easy to get the head around

>CryptoAnna

are you a girl

Drugs, gambling and prostitution aren't going anywhere. I wouldn't be surprised if escort agencies and online erotica stores start accepting crypto in the future

>implying they get to decide