Ok, /biz. Migrated and lurked here for a while now. Am aware of cultural exchanges and influences mixed with legalities and with take-up etc. I am aware the market is being mildly manipulated at the moment while the big players are crashing the mark et to buy the dip. (Lol over all the wojacks and sell on dip) After all, its just Supply&Demand. Gotchya senpai.
But I NEED TO KNOW. Whats the hate with ETH? Why is it seen as a dirtcoin? Why are other altcoins glorified and the main players (BTC & ETH) shunned?
Primarily, tell me /biz with fact, examples, business data, market strategy what have you; WHY THE HATE FOR ETH?
Evan Thompson
The Ethereum FUD is done by retards who are angry that it isn't consistently making them money. Ethereum is an important step forward to developing new aspects for the internet and its infrastructure. If you cannot see/understand this then you will be left behind.
Chase Johnson
Ok, Thanks for the reply. I'm unsure how FUD will play a huge role in the consumer demand for an apparent high value alternate digital currency to BTC. The way I can see it, BTC set the standard. ETH enhanced the chain. BTC will only produce X coins, where as ETC will keep going. Both BTC and ETC have a proven blockchain and market penetration. I am currently of the understanding that BTC will be the "$100 note", while ETC will end up being the "$50", and others to follow. After all, consumers will like to have security, a 'Name' to follow. What in the FUD detracts from this for the majority of consumers? > inb4 shill, just stating my opinion and looking for a reasonable discussion. Thanks!
Oliver Perry
Most of the hate is emotional. Bitcoin purists see ETH as a malicious competitor to their coin. Now look at the charts of the first half of the year. Bitcoin doubled while ETH did a x40. This created a very salty and toxic FUD environment.
In addition ETH has technological flaws. See the centralized oracle issue or the many ICO scams. But every coin has issues like that and I'm certain they will get solved in the future.
Leo Sanchez
Just read this post. If you think ETH is a currency or even a competitor to BTC then you don't understand what it is.
Aiden Myers
ETH's issues are overblown too. There isn't a single issue that cripples it and it's only a matter of time before it overtakes BTC. Whether it will pump with Raiden/Metropolis or not I don't know, but it will pump eventually because it's undervalued.
Ethan Brooks
The hate is the leader of ETH is ugly as fuck
Like an anorexic Tom Brady
Cooper Powell
No need to shill user. The oracle issue is a massive one as in its current state Ethereum is basically unfit for its intented purpose. ETH might overtake bitcoin, it might not. But it is essential to understand that bitcoin is meant to be a currency or a store of value, while ETH, the first ever created token on Ethereum is kinda a sort of petrol to fuel the interactions between users and the pieces of software running on it.
Nolan Lopez
no, i don't think it's either I think it's supplemental to BTC, in the way a 50 is supplemental to a 100. Its uses far outweigh currency, however, this is /biz, and we are talking the about the consumer, who ever that is, be it a tap and go currency user, a secure data retainer, or as an investment portfolio filler. Its value is determined by the user. And we all know that consumers sometimes trade quality for simplicity etc.
I see the Gains, and i wonder about the hate. I'll look into the 'Oracle issue, have heard of the hack though if thats one and the same.
>Reread post - yeah that came off a bit 1v1 TLDR - BTC and ERT: they work together, like gold and silver, not fighting for top spot.
David Harris
You could argue that LTC is BTCs silver. But ETH isn't even meant to be traded for goods or used as a currency.
The Ethereum blockchain is designed for dApps, smart contracts. You can basically write a software program and upload it into the blockchain. It will be forever there and doesn't need any servers to store it. ETH is consumed when accessing and interfering with those programs as a fee. An oracle is the link between a centralized server and the dApp. At the moment nearly all benefits a decentralized software brings go out of the window as it cannot run without additional data fed into it - via centralized oracles.
