capser is an algorithm that locks up ether then slowly destroys it (so if you go offline its a bad idea because of the slow burn). the locked ether is then used to confirm transactions: if you try to lie you lose all the locked up ether. you are rewarded in transaction fees.
because ether is infinitely divisible and used as fuel for computation by ibm and microsoft (who are funding devcon3 and need ether for their dapps), we will see a never before seen phenomena: hyperdeflation.
this is where money, instead of rapidly approaching 0 like with hyperinflation, rapidly approaches infinity. you basically just need any fraction of ether, even 0.01 eth, to become a billionaire in a few years. anyone holding a shitcoin like btc is fucked.
this has been mathematically verified by the multiple scientists and researchers working on the platform and there are many whitepapers and research papers on the subject.
what impacts will the first instance of hyperdeflation have on the global economy?
also, the eth blockchain is pruned so it can grow in size infinitely, and will soon be sharded, so it can grow in computational power infinitely. also, there is no oracle problem. chain link solves that.
it is estimated by 2018 eth will be faster and cheaper than amazon aws for hosting websites.
let that sink in for a moment. why are you still holding btc again?
Easton Thompson
hodl memes are one powerful drug.
Nicholas Gomez
Intredasting, no sane government would ever allow this to happen tho, ETH would get rekt
Brody Bennett
Quantum computers will get funded and eth will be destroyed.
Camden Thompson
eth is also quantum proof, by the way. you probably didn't realize that though. read the metropolis white paper.
eth is decentralized and nuke proof. no government can stop it. we are entering a brave new world.
James Hernandez
oh, by the way: eth transactions are 100% anonymous in less than 2 weeks using something called zero knowledge proofs.
you can, for example, host a full child porn server on eth and no one can stop you and nodes will never know they're hosting your files. plus, this hosting will be cheaper than any other alternative, with faster download speeds, by 2018.
Samuel Miller
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Alexander Cruz
You can't win. Nobody can win unless Vitalik hires security to be with him at all times....He must live... 10 more years... he must live or else....they have more power than you think....Why do you risk so much for this world Vitalik.... ahh.....
Noah Stewart
they'll probably go a war on drugs style approach
Aaron Bell
why are people holding bitcoin instead of ether again? that's mainly why i made this thread. trying to understand this "hodl" thing.
do they think past performance indicates future performance, that limited supply matters more than it did with beanie babies, or that btc not being able to scale "doesn't matter"?
eth can only scale because it literally adds time bombs to the legacy chains so that you can't mine them. btc can't scale because someone will always mine the 1 mb chain.
Aiden Cox
i'm using the term correctly.
Andrew Morgan
first mover advantage
Sebastian Rogers
first mover advantage for what? btc is a blockchain protoype. eth is a censorship proof, quantum proof, world computer that's basically free to use for everyone with near infinite capacity and speed by 2018.
you can't even compare them...
Evan Foster
He truly is the chosen one. I wonder if he knows it.
Henry Richardson
no, the god skeleton fully knows he's a target. if he dies the project will carry on. also, microsoft and ibm are invested BIG in this.
Asher Ward
You have to manually switch to lamport signatures
Jace Brooks
>earth is flat ok
Thomas Adams
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Jaxon Wood
eth dev team says the project is quantum proof. they have scientists and stuff. i believe them, though not sure about the lamport signatures thing
name 1 thing i said that was even slightly untrue or misleading
Michael Collins
the god skeleton is fucking meeting with world leaders and shit. holy fuck and btc holders still don't think this is going to flip it
Sebastian Jenkins
inflation gains "$", because this symbol is a mark through Silver, which is what cache/cash and a dollar are... and $ is a promise to pay.
Making your debts 'cheaper' to pay off as it does not adjust for inflation means you have gains. Deflation means it becomes impossible or more expensive to service the debt or a "loss".
Kevin Lewis
>0.01 >billionaire >few years
Landon Murphy
Compare hashpower and network edge.
Michael Howard
the eth tokens are destroyed over time and the remaining ones grow in value because they're needed to run apps used by ibm and microsoft. mostly ai/drone related game theory stuff right now, but the demand will only grow as the network gets faster and people start hosting websites on it post sharding.
this creates a situation where the longer you hold your eth the more computations you can do with it. the demand for computations will only grow, too.
hyperdeflation. you rapidly gain intrinsic value over time, a never before seen phenomena.
Asher Torres
those guys holding bitcoin...they don't know....they won't listen...blinded by greed... GAH! Visions...people's dreams and hopes change over time why won't they listen...Satoshi's Vision....this is it...
Carter Watson
eth has more hash power and more users. it is faster too. eth beats btc in every way but in the price of the token.
Henry Walker
>slowly destroys meaning you would have to have a billion coins right now in order to survive to 0.01
Thomas Martinez
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Camden Perry
i can't even really explain how big of a deal this is, either. you rapidly gain INTRINSIC VALUE over time. not paper value, ACTUAL REAL VALUE over time. as in, instead of you buying a house with gains, the token just builds the house for you so there's a house there from you holding the token that wasn't there before.
the difference is such a big deal and i don't get why btc holders don't see this.
Cooper Perez
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Isaiah Jackson
staking gives you more tokens than you lose, and you don't lose anything if you just hold in your wallet. the destruction mechanism is just to keep the nodes online 24-7 without punishing them for going offline too badly.
Bentley Moore
everyone who bought the eth ico is rich now. i'm not seeing how it's a ponzi if everyone's rich and the people buying at the end of the rainbow are ibm and microsoft or anyone who wants to host a website for cheap
Jaxson Adams
to be more clear, you don't HAVE to stake. that's just if you want to gain money off transaction fees as a passive income. if you do that, you gain the fees but also take a small burn to make sure you actually stay online.
Hunter Ross
>staking gives you more tokens than you lose So eth is gonna inflate? >and you don't lose anything if you just hold in your wallet so this destruction thing is actually bullshit?
Oliver Ortiz
no. you stake tokens. those tokens are locked up and slowly destroyed. while locked up, you gain money from transaction fees faster than the tokens are destroyed.
so the TOTAL tokens in the ecosystem goes down while the tokens you hold goes UP while you stake. but you don't have to stake, and can just hold tokens in your wallet that increase in value due to the stakers destroying tokens.
it's called staking because if you lie about a transaction, you lose your staked tokens. the slow burn is a different mechanic that every staker eats no matter what
Ian Nguyen
baseless tinfoil argument from someone who probably hasn't been in crypto long enough to see how security issues are dealt with and how many other dummies had the same concerns
it's fine to have both ETH and BTC but it's moronic to assume BTC will be the faster grower in the next few years, next block halving is a ways away.
this isn't even relevant anymore come this month. it's almost like you don't realize that this wasn't a bitcoin boom, it was an ETH boom. people were using BTC to buy undervalued ETH while everyone else. anyone holding just bitcoin right now doesn't understand much about capital preservation.
Justin Carter
the tokens are used for hosting websites and doing calculations. so unless we run out of calculations that need to be done this shit will always go up in value.
the cost per transaction will just get cheaper too as more and more people start staking because why not? free money. sharding allows this to scale infinitely.
the end result is a super cheap computer that anyone can use, that's faster than anything else, can host anything, is censorship proof, nuke proof, quantum proof, has zero knowledge proofs, and so much more
Adrian Perez
>while everyone else was gambling with shitcoins trying to accumulate more of the coin they figured was set to appreciate the fastest. go look at the cycles of market domination on coinmarketcap.
Parker Campbell
you're slightly wrong. the casper algorithm slowly burns eth to prevent centralization. so if you stake and are 100% truthfull you gain like 10 eth in fees but destroy 1 eth as part of some game theory stuff to prevent server farms.
Ian James
Our internet isn't decentralized yet though. we need mesh nets to become mainstream shhieet
Henry Mitchell
What's this truthfulness thing bruh
Robert Fisher
why does proof of work exist? so you don't "lie" about transactions because its bad for you, economically.
here, if you lie, you're fucked. completely fucked. you lose everything. you don't want to even THINK about trying to 51% attack the network and even do a 0.01% attack as a joke on a laptop.
though eth can survive a 100% attack, this is still more security.
Brody Robinson
eth's ability to survive 100% attacks is why etc exists by the way. the dao hard fork was technically a 100% attack against the network by every single investor, miner, and the dev team. the original chain still survived that.
Jose Allen
can bitcoin survive 100% attacks? we're about to see with segwit2x. btc1 has 98% of the hash rate right now signaling.
Charles Allen
Please calm down sperglord
Jaxon Robinson
it's hard because people are still holding bitcoin and it's fucking with my autism. it's the most retarded thing in the universe to do.
and eth is the best coin ever and it gets bashed here all the time.
REEEEEEEEE
Dylan Johnson
I'm holding 1 ETH now, how long before Lambo?
William Ross
about 1 year, 2 years tops
Adam Nguyen
can I have 0.01 for a lambo? 0x8dbb8863b8e9b72ca56a00d7294618305f1b43aa
Aiden Brown
People FUD so they can buy in lower People FUD because they don't understand the implications of the tech People FUD because they are morons
Leo Perry
>#investor
Owen Taylor
how do you keep your eth from being destroyed
Landon Thomas
don't stake
Joshua Harris
Get fucked, mine your own.
Luis Myers
fair enough big boy
Nathan Perry
>3732992 >3733163 reminder this is the same retard from day ago
