Vitalik is solely responsible for unleashing a tidal wave of ponzi schemes and scams on the internet that have ruined...

Vitalik is solely responsible for unleashing a tidal wave of ponzi schemes and scams on the internet that have ruined untold number of lives. Ethereum's layered ponzis of ICO on top of ICO on top of ethereum have pretty much attracted every scammer in existence.
Its amazing how he tries to cover this up by pretending to be some warrior for crypto justice.
Ethereum is around for a few years now and outside of scams(including enrichening Vitalik) what has it accomplished?
Vitalik plays the holier then thou act by now criticizing bitcoin while himself at the helm of a massive scam.

Other urls found in this thread:

reddit.com/r/Buttcoin/comments/7yx3yb/vitalik_talks_about_rbitcoin_moderation/duk3rho/
finance.yahoo.com/news/goodbye-fake-icos-fighting-fraudulent-044800205.html
cointelegraph.com/news/russias-largest-state-bank-to-open-cryptocurrency-exchange-in-europe
cointelegraph.com/news/russias-ministry-of-finance-legalizes-cryptocurrency-trading-central-bank-disagrees
twitter.com/AnonBabble

FUCK ETHEREUM.

He is a mastermind

Source: reddit.com/r/Buttcoin/comments/7yx3yb/vitalik_talks_about_rbitcoin_moderation/duk3rho/

Holy fuck this is so true

Vitalik is a commie, but I try to ignore that when investing. What's his official stance on the pyramid schemes that have been growing lately? I know already that he does not care for the price of ETH as it's not his goal to pump speculation, he's trying to change the world or something.

That and shitting on Sergey's project because Sergey is sound what he wishes he could.

>doesn't acknowledge the plethora of scammery viable thanks to eth
>calls decentralised oracles 'overvalued at $32 mil'

absolute madman

That's like blaming Jon Postel for all those emails you get about penis enlargement. If OMG is the only good thing to come out of ETH, it'll be worth all the scams.

ERC20 is also perfectly designed for idiots and careless people to lose their tokens

>its another "Ethereum is a Russian scam" throwback back from 2015 - the Vitalik commie boogalo repost

Plz don't, and if you feel like it, you belong on plebbit (/r/buttcoin)

*without recourse

I don't care about Link but he said eth real price was 15$

fuck off back to your EOS shill posting you autistic faggot. yeah, I know it's you.

that's why I prefer neo, high fee prevents all the pajeet scams from happening

Guys when you pre mine ur coins and they become Worth billions then you really don't care what goes in community,see even after bcc I dint spoke anything about it

OP and all of you believe this because you don't follow the technology.

You read Veeky Forums and /r/cryptocurrency instead of github and /r/ethereum

I generally agree with this sentiment

What op is saying is true though. The only application eth was used for is launching icos. Name one company thay utilizes eth. Not saying it companies wont use it in the future but you cant deny icos are scammy

What part of investing only what you can lose do you not understand, fucking brainlet-tard.

We're witnessing a massive redistribution of idiots' money into smart manipulative whales with cryptocurrencies

Smart contract technology is the future of finance, you don’t see it in use now because it’s in development but in 5 years it will be everywhere

>he thinks he has any say on what ETH should be
Cocky as fuck. Doesn't understand how prices are formed.

>he's assblasted because did not ride the Eth Wave To Riches

just becuase the price is higher, doesnt mean its irrational.
he can make any statement about valuation he likes

*not irrational*

At this point crypto is a wild west of unregulated and ungoverned shit.

Ponzis and scams should not be surprisingly existent in this kind of environment aka the current era of crypto.

Worded that wrong, I meant that people shouldn't be surprised that this shit exists.

Such sexy bone structure.

I hate him but I hate corefags more, and I need ETH to succeed in order to get lambo with LINK.

literally all of these ponzi schemes and scams can be stopped by PolyMath. Good thing niggers are too dumb to buy it while it's still cheap

fuck off commie. regulation is going to slow this thing down. no shit people can scam people. To put safety nets over everything sounds nice at first but is suffocating and ruins positive progress in an attempt to stifle negative progress.

That's a pretty good analogy actually, underrated.

vitalik is known quantum scammer

Somebody else would have eventually done it. The floodgates would have eventually opened.

this is like blaming thomas edison for all electrical fires that ever happened

you're all fucking idiots

finance.yahoo.com/news/goodbye-fake-icos-fighting-fraudulent-044800205.html

Fake ICOs are going to come to a fucking end my niggas.

I sold all my ETH for BTC when Shitalik donated millions to that life extension institute instead of using the money to make ETH scaleable.

I would have much more respect for Vitalik if he actually came out as a scammer. Right now he’s just an ultrabrainlet who thinks he did something useful

Pedolik Retardin

any questions?

Do you truly believe anything remotely establishment going to launch anything on a tech they don't have completely control over?

EOS is being aggressively shilled right now

Well, you’re not wrong.

eos is another pumped scam/shit coin

it may be a scam but its going to $100+ this year

Link can work with any blockchain, not just eth

What are some things I should not do?

Have my tokens in MEW. Scared

I am unable to agree with OP's conclusions. I am member of a few private crypto groups, and people just want ICOs, they are discussed excessively and people wants to invest in them. It's mostly greed, which then breed the scammers. If people were not greedy, scammers couldn't do anything.

Also, regulation in this field is probably necessary, but Vitalik can't do that even if he wanted to. That's a task of government.

My ideal scenario is Link on ADA.

Shitcoins

MONEY SKELETON HAHAHAHAHA

MEGAMIND

The only way to kill these shitcoins and vaporwave projects is to kill the price of ethereum.

he admitted PoS is at least 18 months away
it's the small steps that count

everyone seems to think ethereum is invincible but between vitalik's autistic outbursts, erc20s becoming pajeet heaven, and stiff competition from other platforms the future does not look bright. its like a freemium shooter that eventually dies because everyone's running scripts

people are going to look at ethereum and erc20 like the dotcom bubble and irrational greed
can't believe bizfags were saying it would flip bitcoin lol

we can all agree his opinions on victimless possession of child porn are reasonable lol

Honestly I wouldnt be surprised if that happened. Its what needs to happen for the strong coins to stand out and for cryptocurrencies to become used. No more of this token shit, and its going to get worse as projects start building on similar blockchains. The alt market is going to become even more saturated.

Get a fucking nano s dude, for fuck sakes.hope you are atleast using metamask, I have lost my tokens to hackers

hoIy shit.
nice trips and this looks like a potential goldmine. under the fucking radar.

can you imagine these tokens pitching their idea on sharktank or something
every token business model I've read didn't make sense was years away didn't have patents
so many holes to poke in them

>everyone seems to think ethereum is invincible but between vitalik's autistic outbursts, erc20s becoming pajeet heaven, and stiff competition from other platforms

I am not ethereum advocate or marketer, but tell me more about that "stiff competition"... how many tx they do per day currently, and how much can they scale to? ETH can do 1M txs per day and Vitalik outlined plans for much bigger scaling, WHILE preserving security and decentralization. Many coins can have better parameters, when they do a few tx per day... :-)

Only pedos have ETH. Pedocoin and scamcoin at the same time. Sad!

And what is even more sad is how crypto brought out the greed and jealously hidden in people's hearts. :-) Interesting to watch.

those plans are not close at all
proof of stake isn't even expected for another 18+ months
the chain is bloated with nonsense like cryptokitties
it has been rolled back once with DAO and currently is infighting to roll it back again for parity, not decentralized not secure

Shut the fuck up you salty basement dweller, not Vitalik's fault you didn't get rich fast enough.

The whole point of ethereum is decentralization, Vitalik is not going to walk around telling people what they can and can not buy, he assumed crypto people would be smart enough to do their own research.
>Look at what happened to Waves when they decided to ban Niggercoin.
>"waves is a shitcoin that decides to ban my favorite racist coin! They are cencoring my decentralized feature of topkek memes, they are eviil. Just imagine what else they will ban in the future'!.

And now you blame Vitalik for not defening you against a shitcoins? Stfu dude you have absolutely no right to speak.

Vitalik used to think crypto people were incrementally better people in general. He quickly realised how wrong he was with all the scamming and fraud. Although he was a purist nutcase at the start, he's probably the most nuanced crypto developer in the space right now because he can see people for what they are.
>He would see you for the brainlet underperforming basement leach you are.

I am not a fan of PoS that much, but I was talking about blockchain sharding and possibly Plasma.

Actually I don't say ETH doesn't have its problems, but that "stiff competition" didn't yet arrived at a scale where those problems have chance to occur, so it is not fair to compare them.

that's true and fair
I don't like their foundation and how they handle things, but there isn't much competition for their contract platform but there isn't much product for the platform ether so I guess we'll see

when anyone can make a token on your platform for essentially 0 cost of course it's going to have the most tx's. 90% of all cryptos are erc20 tokens (idk if its 99% i'm not checking but im sure its close)
neo for example requires a relatively large up front cost to be on their platform. nobody's going to blow all that cash on a scam

So in conclusion, hodl or sell ETH ?
Have about 10eth.

Hold

Thanks bro. I will.

Even separate blockchains use ethereum for ERC tokens (look at EOS with a 6billion! mc). Eth is clearly in a different leage than competitors

If you mean if you should go back to fiat, then hell no, just HODL. Only question is if BTC will not grow faster, I am currently about 85% BTC, 15% ETH.

>when anyone can make a token on your platform for essentially 0 cost of course it's going to have the most tx's. 90% of all cryptos are erc20 tokens

Yes I know that, I am not praising ETH for having that much transactions, but that they are able to scale to that size, while having more complex contract language than BTC. It's a great achievement so far, from technology perspective.

Hey here’s a question.

If Ethereum’s just used mostly as a platform for scammy ICOs and has very little real world use outside of experiments by the Ethereum Alliance, why is a coin like VeChain which is being actively used right now by multibillion-dollar companies worth so much less?

And I’m not meaning to just shill VeChain, I mean if any platform hypothetically secures way more real-world usecases than Ethereum, what does that say about the market valuation? Is there that much potential in ETH long-term...?

This is so true. It's basically the reason that all of your favorite shitcoins can't reap gains. The market cap is being spread too thin amongst the sea of shitcoins created every week. I can't wait for the great shitcoin purge to occur. As for this soy boy and his centralized blockchain... In 5 years Ethereum will be in the shitter. The gas to operate on the network will become to expensive as the valuation rises and it's scaling issues are more problematic than most people realize. I'm betting on blockchain 3.0's that don't have anything running on them yet, they have the ability and benefit to address scaling in a much more efficient manner.

Then you either buy Vechain or you short ether. Not that hard you brainlet..

>If Ethereum’s just used mostly as a platform for scammy ICOs and has very little real world use outside of experiments by the Ethereum Alliance

I am not an ETH expert, but I think you should do more research whether this sentence of yours is really correct. For example, some erc20 tokens are successful and in active use, like BNB coin.

It means you buy ven user

See you at $200 eoy

>The gas to operate on the network will become to expensive as the valuation rises and it's scaling issues are more problematic than most people realize.

Yes, but Vitalik is actively working on addressing those issues. Other platform coins do not have better scaling solutions, they just didn't arrive at that scale yet.

Yeah but that’s still in the crypto space. Vitalik’s complained about this on twitter too.

I’m not exactly hopeful about any ERC-20 token that just deals with other cryptos, it has to break out into the rest of the world and become adopted by normies or big companies for this tech to ever go anywhere.

Yes I agree with this sentiment. But it's a general problem in crypto, not specifically with ETH.

It reminds me of the situation when iPad was introduced. Steve Jobs was very excited about the product back then, and he hoped that developers will invent completely new kinds of useful apps, which were not possible to do before. In reality that didn't materialize, and iPad become something like an entertainment consumption platform plus gaming console. But can Jobs be blamed that developers are not more inventive? I don't know.

I am willing to admit that smart contracts will ultimately proven to not be useful, but Vitalik still should be credited for offering the platform for their execution. Maybe we will find out that it is enough to have Bitcoin for long-term investments, and BTC Lighting network or other crypto currency for payment. Other tokens will maybe just be for trading, speculating, scamming. It is very well possible, but again, that's not Vitalik's fault.

he might be involved, a genius or whatever ... but ultimately he's being led into this - you think Russians would let that little bub run havoc? lol

(no conspiracy shit just making use of his potential and new business)

Lol Russia is going to completely shorterm dominate Europe and America when it comes to crypto.
No one realise how quiet Russia is through all this fud and regulation bullshit?
Once america and Europe think they've established a proper regulated foothold Russia is going to shit all over them by enforcing less tax and more tolerance over crypto lel.

Yeah they are already at it -

cointelegraph.com/news/russias-largest-state-bank-to-open-cryptocurrency-exchange-in-europe

cointelegraph.com/news/russias-ministry-of-finance-legalizes-cryptocurrency-trading-central-bank-disagrees

eos is Satan, literally the sign of the times. Read the white paper. Its like website templates for retards only its virtual currencies and tokens.

unironically this
more libertarian than professed libertarians, and 120 iq dunning-kruger morons call him a commie
hilarious

Blockchains come with many disadvantages and because of this they are most useful for a narrow range of problems. It's like trying to use paper as a medium for movies. Sure, you could do it if you base64 encoded a movie and used a printer for write() with a scanner for read(), but that would cost a lot and be slow as fuck. You thus want to use a blockchain as little as possible (if at all.)

People don't get this tho and most of the project on Ethereum look for excuses to use a blockchain to get dat ICO money. This includes people trying to use a blockchain for traveling, social networks, forums, religion (?), and so on... and its also why you hear people talking about oracles so much (oracles are trusted third-parties who vouch for an event and are the opposite of blockchain tech.) So what are blockchains most useful for? For automating simple programs (update a balance, create an asset in a ledger, add a user) without relying on people - very useful for preventing fraud, corruption, and security problems - which should be weighed against the costs.

Good use-cases:
* Gambling / lotteries
* Property registries
* Privacy preserving protocols
* Gaming protocols
* Currency exchange

The trade-offs blockchains make is they remove trust in people (an active role that can be abused) and place it in hardware (a passive role that is automated / immutable.) To complicate things: people are able to interact with programs on a blockchain. You can take all of the above use-cases and write a collection of rules that define how resources should be sharable between people in an organization under any rules you like. What this leads to is potentially new ways of organizing people. So to answer the OP: Ethereum has given us useful tools but most of the projects on it today are garbage.

Protip: Look for the companies solving the most boring problems because those are the actual blockchain companies. Everyone else in this industry is just bullshitters following the money.

Checked. Also great points.

I believe so. Crypto is very much needed by corrupt oligarchs, common folk must be banned from that (according to government ideas). But Russia can only soft ban it, because it's hard to impose such regulations on decentralized space. Soft ban also puts the "unwashed masses" into elevated state if danger. Which means if you are hush and silent, you are fine.

as a frog, i've seen 3-4 ICOs for chink vaporware pretending to do something a french blockchain company is doing since 2014, with a real product on the app store anyone can use since 2016
the information asymmetry in crypto is unprecedented, you can literally raise dozens of millions from naive investors for a paper claiming it will solve an already solved problem

Checked and based

You're completely forgetting the total utility for bananacoin.
For real though, fuck this shit..

libertarian paradise right desu?

No it just has the liquidity and memeability.

Wysker

Vitalik is a turbo-communist (He literally doesn't believe in property rights) but Ethereum is definitely a tool for libertarian use.

He believes in digital privacy so that's supposedly property right.

Hi Nullc, how's the neckbeard?

This
Which is why LINK will become huge

Unironically ChaiNLINK

>Taking smart contracts beyond tokenization