Buterin previously said BTC was absurd because it had a 50-cent fee. Now Ethereum has a 50-cent fee. Every blockchain has scaling issues as soon as anyone cares about the coin.
In other words, you got jewed by Buterin.
You can still dump your memes for BTC before segwit and LN kicks in solving the scaling issue once and for all hitting unfathomable all time highs.
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Litecoin is a clear winner
LTC will never make it because whales are seeing it as threat to BTC and they will never allow it to moon. They are controlling it tight
The fee to send Ether from one address to another is not even close to 50 cents. The median fee is what matters here and it is about 4 cents, even 1 cent fee transaction confirms after 10 minutes for me. The average is a result of some contracts which are resource heavy and cause high fees.
Do some proper research before posting wrong stuff niglet.
Nice copypasta. Segwit and LN is coming, hold memETH at your own risk.
>ETH Alliance announcing they will build the shit out of their private chains
>ETH Moons
cant make this shit up
>what is raiden network
Dump your ETH, I could use more.
>what is raiden network
A half baked lightning network
incorrect bitchcoin fagholder.
ETH has already technically and economically trumped bitcoin.
anything bitcoin can do ETH can do it better and it can do things bitcoin can never do.
it is also more decentralised and not owned entirely by 4 chinese faggots.
Yea, SegWit and LN are coming, but Raiden will be released this week for Ethereum. Ethereum also has a much more competent dev team that have been planning on scaling for a long time. We are still in development and Metropolis is right around the corner.
>Raiden is being held back to drop when LN and SegWit is talked about this week and BTFO of all the BTC news.
Wake up fuck head
>Source: I work with the biggest Ethereum company there is out there and regularly talk with the core devs.
You do understand how the private chains will interact with the public chain right?
You need to read more.
Was just thinking about this before.
The Ethereum program where you actually use the coin says you need a small amount like 0.4 to 1 Ether to do anything. When that "small amount" costs like 200 dollars nowadays.
no it doesn't. Ethereum is not done, there is a coming Ice Age in a month. Fees will adjust when the network is ready to go. We are atleast 6 months from full power. Higher fees put a speed bump on the network, it's not ready yet. BUT IT WILL BE.
You will be able to run unstopped dApps. Think of a Veeky Forums built on this thing. Here is an example.
>Buterin previously said BTC was absurd because it had a 50-cent fee.
Can you show us that quote?
transactions on private chains are still verified by the public chain, but in hashed form so they remain private. Is this the correct interpretation? I read the quorum whitepaper and want to confirm
yes. Since both are built on the same code base they can interact with each other seamlessly. I work with the SEC/FINRA daily and can run off at least 10 examples why something like that is extremely powerful.
>It will create a new paradigm for the financial world that will have resounding effects in the real world.
>it is also more decentralised and not owned entirely by 4 chinese faggots.
except for vitalik's master key
This is the brilliance of dogecoin, the joker in the deck. Doge is dismissed as a joke but has transactions just as fast as Litecoin and will eventually overtake BTC in the long run. Doge is man's best friend.
thank you
Aren't transaction fees determined as a percentage of the transaction amount? If that's the case then BTC is only that high because it's being used for large purchases, like gold bullion.
mind running off a couple of those examples bitte? never hurts to have more ammo when the normies mindlessly fud
cope
>Aren't transaction fees determined as a percentage of the transaction amount?
No. Not at all. They are fixed, regardless of amount. They are a fixed amount of whatever coin you are transferring. If that coin goes up in value, so does the transfer fee.
Ethereum has institutional backing. Bitcoin does not. Ripple has institutional backing. Bitcoin does not. NEM is made by the Japanese and you know how amazing those Japs are.
Simple things would be KYC/AML laws that are built into the network.
Algorithmic auditing done in real time and certified by the private chain
Fraud detection and identification in real time
>If you go down the list of the things the SEC/FINRA do most can could be done by a computer analysing the blockchain.
>These are base layer ideas. We don't 100% know what will be created on the public blockchain, but the next layers and how they interact with the private chains will change the world if you can get everyone on board.
Getting everyone on board is the key and is what the EEA is doing.
>Source: I talk daily with the head EEA people. I can't tell you what company I work for but trust me when I tell you, people are working hard on this.