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Why Will Ethereum Fail? by joseph

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· @joseph ·
$3,724.04
Why Will Ethereum Fail?
<br>
I know the first time I posted about Ether here on Steemit, I had a strong feedback from the community that prompted me to change the content of my post 180 degrees. People do not want to hear what you have to say, they want you to say what they want to hear.

When the Dao disaster happened, I did what made sense at the time, bought the DAO when there was blood and sold when they supposedly saved it.  But we all know it was not really saved, and the disaster caused Eth classic to come to existence. 

The tale of two Ethers continues. My opinion of both is the same.  What appears to be working does not mean it's actually working.  Yes some people made a ton of money, and continue to do so, but that is not an indication it's working. Remember a lot of people made a ton of money from Enron before the illusion collapsed. 

The road ahead for Ether will be harder and harder, as new competing projects with more competent developers show up, these projects will put the nail in Ether's coffin. I will name two projects, Qtum and EOS.

Why will Ether collapse?
As more and more tokens are created,  large sums of ETH is taken out and set aside, this creates a bubble. Most of these tokens if not all have a monthly burn rate, which means they all have to dump ETH to supposedly fund their projects. We will reach a point where the ETH being dumped far exceeds the ETH being locked away.  Some projects are now accounting for that by giving the developers the ability in the contract to divest a large sum of Ether if the need arises. So as we go forward one Ether bad news could send all these projects on a run to the bank and cashout of Ether while it's still worth it.

This is not an assumption,  bad news happen, and with incompetent developers it happens more often.  These contracts which are pushing Ether prices ever so high, will be the cause of it's crash.

Here comes the competition, as people start to realize the problems plaguing Ether code, they will migrate to safer and better options. No one denies that Amazon is chief when it comes to the cloud, but Google and Microsoft are cutting into the market share. If Amazon suffers  problems in the future it won't be hard for one of the two to jump in and fill the gap, even take the lead. The same will happen with Ether, and I do not find it hard to believe that either Qtum or EOS will one day take the lead.

These projects will not have the issues of split community, and scalabilty .  Both projects learned from Ether problems and are dealing with them before release. While Ether developers are way too cautious  now because of the fear of another disaster. Eventually Ether will lack behind, and sink into debates similar to those taking place now on Bitcoin.

Ether overtaking Bitcoin market cap?
I do not think so. I am expecting  the complete opposite,  not as bad as removed for lack of interest, but not the huge success ETH fans think it will be.  Too big to fail? maybe, but there is no government that will jump in and save it, and the whales who saved it the first time from collapse will have other options.

<center>![ETHEREUM-ICON_Black.png](https://steemitimages.com/DQmZM94qd8H96QXE7m6Y4K52QwHaDC5YxKE8NFNpguxdveu/ETHEREUM-ICON_Black.png)</center>
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👎  
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vote details (1000)
@ackza ·
So basicaly, because of a bunch of ICOs cloggging ether up,

ethereum blockchain getting too big

But you cant judge a decentralized project like ethereu by the mistakes of a few developers!

Ethereum can do things bitcoincant plus bitcoin will become unprofitable tto mine one day in teh future and it will be many many decades but then peopel will switch to ethereu based blockchains....hey we might fiind some way to make something totally better but how

ethereum is here to stay! its like an evolution an innovation of bitcoin. Etereum does what bitcin does and more. And we have any ethreums to coose from! 

Biitcoin need to remain unified because its tooe arly on and its a movement and we cant confused people etc etc.....

but ethereum breaking up into pieces is fine....so what....ethereum and ethereum classic and gollum will all be valuable for a long time

A crypto currency just has to be decentralized to be successful....its not about choice...its just like a force of the universe....so what if people like or dislike it.....its almost biological..and life finds a way...is bitcoinalive

is Bitcoin the big AI skynet grid that would start taking over and manifesting itself?
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@adilmehraj ·
i have some ETH stored, not sure should i keep it or convert it to some other currency, as bitcoin being the boss pulls rest of the currencies upwards when it goes up and when it goes down tension can be seen on rest of the currencies aswell. still i think rest of the currencies have lot of potential which they might show in coming days.
👍  
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vote details (1)
@aggroed ·
A bold claim!
👍  
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vote details (1)
@joseph ·
it is, but I stand behind it.
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@akkha ·
Lets hope so ! If it happens I will buy some .
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@alex-icey ·
To be honest, I think that Ethereum is going to go up really high then fall on its ass. So if you are buying buy it now, wait for it to skyrocket, and sell sell and sell.
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@dana-edwards · (edited)
Sell and buy what? EOS? Of course you can also hold and wait for it to go even higher. How do you know when to sell?
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@alex-icey ·
Buy eth and sell at its peak before it goes down. sell when you've reached a good profit margin
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@alex-icey ·
![U5dt4C5jUT1RBJDkmP27YPmki2zsacg_1680x8400.jpg](https://steemitimages.com/DQmVcGRpKHRDEHbdMkyLEmekwtUwZDkaaFLvyDfrWgQ2ssG/U5dt4C5jUT1RBJDkmP27YPmki2zsacg_1680x8400.jpg)
pop
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@alex-icey ·
In my opinion, I think it will fail because it is a bubble. When you have so much hype and pumping up of a currency, eventually it will become and bubble and pop. Check out my point of view on it: https://steemit.com/ethereum/@alex-icey/is-cyrptocurrency-a-bubble
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@alexrickard86 ·
There are still people out there that think ETH and ETC are scams!
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@arkadiy ·
$0.02
What if they are? What if Vitalik is an alien droid out here to capitalize on vulnurable humans? You never see the reality until it's already too late.
👍  ,
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vote details (2)
@alexwilkinson ·
From past experience with technological advances, the more "darwinian" the approach, the more profitable. Ethereum is basically saying "we don't know where block chain technology is going, so we're going to allow poeple to use our platform and figure it out" which is a much safer bet than crypto currencies bet of "we're pretty sure people are going to use blockchain mostly for money" - as we've seen from the past, it's hard to predict where technologies will end up. If you witnessed the first TCP/IP transaction at the creation of the internet, that's a long stretch from instantly buying something off Amazon and having it delivered to your door the next day.
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@altcoins101 ·
And you say ETH will fail because when some s*it hits the fan everybody will start running to some better coin just released and better because it learned from ETH mistakes? Well   Eth is second on marketkap and has 20 bil capitalization,  half of what BTC has. So allow me to test your theory on BTC (ETH is not far away). BTC is now the most shitty coin, big transfer fee, slow....etc. If it would have been invented today nobody would buy it. Yet I don't see all running.......
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@altcointrends ·
$1.83
Joseph , thanks for putting together your honest assessment. Nobody wants someone to rain on their parade, especially when it comes to their cryptocurrency of choice. However, a solid, realistic and honest assessment is needed - sometimes we all need to hear something we don't like.  Thanks for putting this out there.
👍  , , ,
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vote details (4)
@amakary · (edited)
This principle always applies!
Is is not who did it first but who did it better.
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@amiramnoam ·
![742027a39a4d45e31b6612dc0e6ce6ab--safety-first-guys.jpg](https://steemitimages.com/DQmVUW6FCUNHUUWdcefxbun9Z8uXtAP6vqRgVT6BFS5TpgR/742027a39a4d45e31b6612dc0e6ce6ab--safety-first-guys.jpg)
👍  
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vote details (1)
@amirl ·
If you know of people who had issues with the 2014 Ethereum ICO please reffer them to ethereum2014ico@gmail.com to help us inquire what went wrong there
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@amunra ·
It doesn't matter, nothing is perfect. ;)
if something better comes along, we will jump
👍  
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@anforo ·
I first here about these two alternatives but it all sounds promising. Where I can buy them if not on Poloniex?
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@anforo ·
$0.44
Very critical and I'd like to thank you for this post despite the fact I appreciate Ethereum very much. In all this joyous hush due to coin's growth people stopped criticizing (that's what should be done about any project, especially the most successful) and lost clear view. The main reason it will go down is because it grew tremendously and any huge growth is not eternal.
👍  , , , , , , , , , , , , , , , , , , , ,
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@anforo ·
Every day I read about fall of Ethereum and see it's growing. How wonderful!
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@gavino ·
While we are all full of our own opinions  about Ethereum both positive and negative one thing  for sure , is that we must all keep an eye on the charts  and ring the cash register every now and then while continuing to hold it. And as crypto traders a good one that knows what they're doing and can keep emotions out of the mix  will  know when the time is right to short it.  I really enjoyed reading this post as it keeps me aware of all my options.
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@antv ·
Thank you for giving me your honest opinion.
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@apnea-addict ·
You make some extremely valid points.  It doesn't hurt  to diversify and own several things instead of just betting it all on one.  Back in 2012 I was reading about bitcoin and was going to open an account  with $50 basically just for novelty reasons.  I couldn't find my wallet and ended up just going to bed and forgetting about it.  So these days I'm thinking why not just throw $20 or so into a couple of these.
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@app88 ·
ether and bitcoin might be replaced by new and better coins in future.
👍  
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vote details (1)
@dgiors ·
Anything's possible. For now BTC and ETH have network effect. Their value is multiplied by the strength of their respective networks. Newcomers have to advance to such a degree that users would find enough value in features and abilities to overcome the network effect and leave the incumbent platforms. Not impossible but unlikely.

Also consider that we don't really know how much room there is for competition when the technology breaks mainstream across the globe. Will there be hundreds of massive chains or a small handful? That too will factor into the longevity of existing networks.
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@aqeelmalik ·
thanks for sharing  @joseph
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@arcange ·
You have been mentionned in my hit-parade of 2017.06.01
Congratulations @joseph!
Your post was mentioned in my [hit parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20170601) in the following categories:

* Upvotes - Ranked 1 with 646 upvotes
* Comments - Ranked 1 with 217 comments
* Pending payout - Ranked 1 with $ 1260,1
👍  
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@archerized ·
Very Nice Post. Upvoted and followed!
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@arsal360 ·
wow :D its very good
👍  
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@asolopreneur ·
I have been reading opposite of this. Many newspapers are saying Ether will be centralized and stronger than Bitcoin. I am confuse now.
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@baconaught ·
Im a smart person, I just do stupid things
https://i.ytimg.com/vi/uezUVaVCxjs/maxresdefault.jpg![](https://steemitimages.com/DQmadGN8WG5mLiDKy7ijatAJjv2MVUumDttd2DjmkmyGCf9/image.png)
👍  
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vote details (1)
@bart2305 · (edited)
I stopped believing in ETH after the hard fork. It proved me wrong so far, but I strongly believe it is way overvalued. I see it like Apple stocks. Apple has the name and the reputation and that's what you basically pay for. There are no new innovation for years now. They just sell new versions of their iPhones every year. It's time for other players on the market. 

Thanks a lot for the tips. I will look into Qtum and EOS.
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@longnshort ·
Great observation!
👍  
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@bitcoinman ·
Thats just how this Investing thing works check out my short article about the risk reward pyramid https://steemit.com/investing/@bitcoinman/cryptocurrency-the-pinnacle-of-investment
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@bitcoinmeister ·
WOW! This subject matter generated a lot of interest. A lot more Ethereum passion over here than I originally though.
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@bleepcoin ·
$0.65
15 tx per sec ain't gonna cut it for a 'supercomputer'
👍  ,
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vote details (2)
@crypticskeptic ·
$0.64
I guess you haven't read about what's coming down the pipeline. And regardless, 15tps is much much better than bitcoin, which still sits at 2x Bitcoin's cap. Scaling is a problem relevant to all of crypto, but one which is being worked on and will be solved.
👍  
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@dana-edwards ·
It shouldn't have been marketed as a supercomputer. That said, it's able to scale doing off chain computation and with Casper, Raiden, Sharding.
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@blocklab ·
thank you for your honest view on this.
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@brendanarvaez ·
Hi everybody. This sound interesting
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@bruckdashel ·
I very much appreciate this post. I am very new to the blockchain community and this provided valuable insight into Ethereum.  One must really have a diverse portfolio and not stake everything in only one coin/token.
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@buffalooriginal ·
What do you think about eth enterprise alliance?
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@arkadiy ·
Great for cryptocurrencies in general. Even if Ethereum(s) fail, the members of the alliance might still choose to move on with another token issuer. Of course, if they don't lose all their trust in our community by that point...
👍  
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@bymma ·
https://pbs.twimg.com/media/DBWG6xTXYAEyr9u.jpg:large
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@carloserp2000 ·
sin duda alguna el bitcoin es y seguira siendo la mejor cryptomoneda a nivel mundial sera muy dificil que etereum u otra crypto la puedan superar @jose
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@cassidyandfranks ·
"Why Will Ethereum Fail?"

Do you have any time frame perhaps?

Months, Years, Decades???
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@chabuki69 ·
i think steem is going to replace ethereum as number 2 coinmarket cap
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@champagnecrypto ·
So what are your thoughts on Ethereum Classic?
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@cheekbones ·
Good post, Ethereum does have the advantage of being the first in regards to smart contracts which I still do not understand exactly. I believe it will be top market cap with BTC for some time till something better comes along.
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@clixmoney ·
it costs less than 1 $ a year ago, and now capitalization more than bitcoin, I don't think it will fail
👍  
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@arkadiy ·
Bubble.
👍  
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@contentjunkie · (edited)
$1.12
"they all have to dump ETH to supposedly fund their projects."

What? This seems to be the crux of your argument yet I don't really see it being justified. Why must all ETH projects dump ETH to fund themselves? Many ETH tokens accept more than just ETH during their initial raising of funds. I have bought into a few ETH tokens and I did so with BTC. 

The one project I bought into with ETH was Mona.co and that project should fund itself hopefully with revenue from their credit card business. There are other projects that are hopefully going to earning revenue not by dumping ETH. TaaS is one token that comes to mind. They received their initial fund and should be making money with that fund. Using the profits they will be buying up ETH to pay out as dividends to TaaS holders.
👍  , , , , , , ,
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vote details (8)
@joseph ·
$0.31
How many of those tokens are actual real projects. How many are made by one company with different faces?
👍  , ,
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vote details (3)
@contentjunkie ·
$0.42
Huh? What bearing does that have on the fact that not all projects dump ETH to fund themselves?
👍  , , ,
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vote details (4)
@creditceo ·
I have mixed emotions about ETH. I'm still Bullish on it for the moment, but I do see the risks it poses. I just hope people stay away from ETC. I am a huge fan of LTC though!
👍  
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@crypticskeptic ·
$1.52
I have to disagree. Yes, there will be selling of ETH to fund projects, but if anything this is only a minor bubble. Long term, ethereum is going well above $100B market cap. Trust is the most important thing to consider, something you don't talk about. All the major corporations have their eyes on ethereum, and they're not going to suddenly switch it. The amount of development, money, infrastructure, and attention on Ethereum as a platform is simply to great to be taken over by a copycat project which no one has ever heard of. Take Bitcoin, for example. Bitcoin is technically worse than just about every single crap-coin out there - even those which are at $10M cap often operate much better and have upgrades the bitcoin maximalist would salivate at. But that doesn't really matter, because Bitcoin has trust, development, infrastructure, and money.
👍  , , , , , ,
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vote details (7)
@crypto-investor ·
$0.64
Bitcoin has been in a scalability crisis for 2 years.  Has it failed?  It's a misconception to think a platform will fail because better tech is available or soon to be released.  Actually, what happens is the market chooses a winner, and goes that direction.  Capital is invested in that direction.  Often then, either that platform is improved, or market participants suffer with the hiccups for longer than people would expect.  We should have abandoned bitcoin 2 years ago, but it is still going strong.

ETH will go to 50 billion market cap.  Scalability issues are in the future.  The market is willing to suffer long periods with scalability issues even when this threshold of 30 TPS is reached along with expensive gas prices.

Many people make the mistake of thinking tech equals market price, or that bad / limited tech will inhibit market cap to make competitors win.  That only applies if two coins start out racing at the same time.  It does not apply to ETH which holds a lead and is developing outside interest from traditional financial investors that are newly arriving into crypto.  Long-term ETH has issues.  It can either innovate out of those issues by hard forking, or it can lead the pack for the next several years and then slowly go away when the perfect competitor comes.

In crypto communities, we have too much info... all this extra info clouds our judgement when attempting to determine future prices of currencies.  I know it has clouded my judgement several times, I sold most of my ETH at $90.  Now that the fog has lifted off me, I can see the right perspective on it.
👍  ,
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@crypto-investor ·
Also, I do like EOS, and I think it will be huge.  But I do not think it would immediately beat ETH, or beat ETH in the next 3 years in market valuation.  Why?  Has bitshares ever beat bitcoin?  We witnessed clearly better tech sit on the shelf while the market continued to value bitcoin among other inferior tech like litecoin and dogecoin, the market valued bitshares less than those.  To this day, dogecoin is still ahead of bitshares.  Think about that.
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@crypto-newsflash ·
I believed in the Dao and invested a lot of money before the catastrophes happened. It was very difficult afterwards to deal with this topic further. I hope the best for all ;)
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@cryptocentral ·
That "assumption" is so wrong. Extremely disappointed in @joseph.
Here is my explanation and answer why this post it purely biased and logically false: https://steemit.com/ethereum/@cryptocentral/destroying-the-post-of-a-biased-witness-why-will-ethereum-fail-no-it-probably-won-t-fail
👍  
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vote details (1)
@cryptoeast · (edited)
I find it interesting to see a post mentioning Qtum's improvements on ethereum outside of the Chinese language media, it seems to have been ignored more or less in the western world but they're working on improving governance and if they can successfully bond utxos and the EVM together we might finally see more ubiquitous uses for dapps.  That said, the price of the token is already sky high for just IOUs without even a test net, which makes no sense since the ICO went relatively slow by today's standards.

Wishing that I hadn't listened to a lot of the FUD around Qtum at the time of it's ICO.  Still obtained a tiny bit but my plans to buy a bunch when it hit exchanges didn't really pan out with the skyrocketing price.  It's trading huge volumes on Chinese exchanges just for IOUs
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@cryptomaniac77 · (edited)
Giants like Microsoft, JP Morgan, Intel .. created the Enterprise Ethereum Alliance to start monetizing this new disruptive technology and I am sure that they expect an ROI Asap. As an investor, I think that the main factor that will determine the success/failure of ethereum will be the user adoption. That's what we need to monitor and having big groups investing and believing in it will lead to more marketing and more adoption. Let's see in 2-3 years.
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@cryptosight ·
"Vitalik has an annoying habbit of being correct"
👍  
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@cryptoviking ·
I hate to say it but I think you could be right. I hope ethereum will be a WILD success. A silver to bitcoin's gold, but the possibility for failure is definitely there. The safest bet in my opinion is to exchange a good percent of your mining earnings to bitcoin each month. That way if it all goes wrong at least you have a safety net.
👍  
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@cultof ·
$0.02
ETH will rise...
👍  
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@cyberblock ·
I agree as well, Ethereum has had a nice rise but the freemarket will eventually decide what has the most value. I have been slowly adgusting my holdings from ethereum to steem and bitshares. I beleive the future is in this community. Thanks for sharing, it is a great post! :))
👍  
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@dalaidennis ·
Hmm, really excited to see how this turns out!
👍  
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@dana-edwards · (edited)
I am not convinced that ETH has to be dumped at a rate higher that the inflation rate of a typical proof of work cryptocurrency like Bitcoin. The cost of Bitcoin mining is in the billions a year, and if all of that went to developers instead of miners?

Yes developers will pay their living expenses but then some portion of their income will go into buying more tokens too. Also you forget ENS locks up tokens long term, and that Ethereum has a relationship advantage with businesses, governments, the media, etc. Better technology doesn't mean higher market cap as we can see right now with Bitcoin, and while better tech will exist, it will take a while before Ethereum loses it's momentum, probably years.

Tezos, EOS, Qtum, Tauchain, all look good. Looking good isn't the same as having the momentum. Those other chains wont be on Coinbase, on the Chinese exchanges, won't have the Enterprise Alliance, won't be popular in Silicon Valley, won't have the 100 billion market cap. Ethereum will likely have all of these things in 2018 even though better tech will exist.

It will take at least 2 years for the better tech to actually develop the apps necessary to make something which shows and proves it's worth. It takes time to develop an API, libraries, development kits, etc. It also takes time to build a community. EOS has an advantage because of Bitshares and Steem, but Qtum has no community, Tauchain is slowly building in academic research circles but is barely understood, and Tezos has a very small community of cypherpunks. In general, I would not suggest selling ETH this year to buy something else for speculative purposes in the short term, but if you're thinking long term then it would be wise to consider technically superior projects.
👍  
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@dancingstar ·
$0.09
I do believe ETH will still take the lead, but can't deny that qtum is a strong competitor
👍  
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@danlocks.com ·
We live new and unique moments in the history of mankind. We are witnessing an unimaginable evolution a few years ago. We can make forecasts about coins, but time is a very important factor. We will certainly witness fascinating happenings. Many coins will reach unimaginable odds, and many will cope. Nothing will happen overnight. I'm watching the Etereum phenomenon carefully, and I think anything is possible.
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@dasczecher ·
I don't know what to think anymore....
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@deaddy ·
Ethereum might have problems but I think bitcoin has more problems. This fight between UASF and others is pretty serious. There can be chaos if this is not handled well.

While I believe EOS might be better than it, this Ethereum is currently what we have at hand. Why is it good?  Better governance. A little bit of centralization doesn't hurt.

To those DAO haters: I was like you. But I am now embracing it. Because we are all human. And humans err. It is better to focus on how to apologize afterwards.  God created humanity to make errors and ask for forgiveness. 

Knowing that there is a community to help the victims (in this case the DAO members who were robbed) is better than I think the case where nobody is there for help.

Why EOS might be better: The error handling is built in!

When you look at bitcoin it is actually an old tech now. Still the most tested. Most resilient. Slowest improvements (which can be a good thing actually). There is no 'go ahead and break things' philosophy. But the interested parties are making it harder to govern. I don't expect agreements will be implemented soon.

Ether is probably second most secure network as of now. It has 3 times more full nodes than bitcoin.

In the future I expect most capitalized currencies to be eth, eos, ripple, nem
👍  ,
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@donovanevans ·
strongly agree
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@deveerei ·
I'm new to this, I was thinking of buying ETH or ETC. May have to rethink that because of this article. I will have to study further before I buy anything, not that I'm investing a large amount.
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@diegot02 ·
My opinion of ethereum is totally contrary to why ethereum has its merits as pioneers in decentralized contracts, make life easier for developers and will grow much more with the new possibilities that will still be created by blockchain technology.
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@digitalplayer · (edited)
$0.05
I am so sorry to see such a **LACK** of honesty and **SCIENTIFIC APPROACH** with this article. What Joseph mention in there is all false - and it's **SAD** to see steemit **COMMUNITY** is **SPENDING $1200** for such a **HATE/TROLLING ARTICLE**.

I will make everybody a favor and post a **FREE ANALYSIS** - so you can hopefully understand **mr. @joseph is just a SPECULATOR** that want to dump - **using hate speech** - digital assets, buy when price go down and resell when price is back to normal and it's again up.

**I see him doing this for years** - doing huge profits using people fear - but fortunately **truth** always **wins** and you can finally see with your eyes who is this **joseph** on steemit with his friend whales. Just **time and perseverance is needed for truth to be seen** while **falsity** and **hate** are soon **discovered**...and hopefully the **slanderous recognized** and under "law reward".

**Now the analysis I promise.**

All data that is going to be used below - price, current money supply is REAL and extrapolated from https://coinmarketcap.com/ and you can double check it.

Good, I can see the main scenarios coming...



## **1st SCENARIO - BITCOIN adoption doesn't stop**
#################################################################


If BITCOIN keeps growing with the same speed as used to do since 2009 
1 bitcoin value by 2020 will be 100 000 $

yes, one hundred dollars. Ethereum will naturally follow this price movement since it's linked to BTC exchange.

it could also be possible that bitcoin value will go to 500 000 by 2020 - because of adoption of use for everyday but limited supply to 21 millions units maximum.

If it's hard to believe  - but it's all based on DATA and STATISTICS that I am going to disclose for you.. for FREE.

- So let's start considering some numbers...

1 ETH is 0.10 BTC

if 1 BTC is 100 000$ - 0.10 BTC will be 10000$ -> most probable but not exclude others... 
if 1 BTC is 500 000$ - 0.10 BTC will be 50000$
if 1 BTC is 1 000 000$ - 0.10 BTC will be 100 000$ -> keep reading to see why this can happen and why we are not so far.

it's hard to see ETH by 2020 value less than ten thousands dollars per coin for many reasons - the main is that it's linked to BITCOIN and their network is actually faster than BITCOIN itself.

**The current usage data monitor....**

1. Bitcoin supply is limited to 21 millions - while Global Market Value is thousands of thousands of Billions.

2. Even if BITCOIN is technologically safe and advanced - Only 10% of population knows about bitcoin - and **less than 1% of citizens have some digital coins**.

I want you to think about it - look below at the **NUMBER of CURRENT BITCOIN ACCOUNTS** - 

https://blockchain.info/charts/n-unique-addresses

Did you checked - I tell you 

#### **it's 614 126** #### 

### THERE ARE **LESS than 1 MILLION PEOPLE currently holding some bitcoin!!**

#### but BITCOIN value is more than $2000 right now !!

**What will be the value of bitcoin if 10 million people start to use it for everyday shops ??**

..You can easily check this 

**Imagine what will happen when 1 billion people will make use of bitcoin... remember that right now less than 1 million people is actually holding some bitcoin...**

You can easily solve this equation yourself!! Bitcoin value will skyrocket to millions of dollars/single unit.


## **2nd SCENARIO - ETHEREUM stronger than BITCOIN**
#################################################################


#### WHY STRONGER

+better security
+faster speed
+lower transaction fee
+more transparent eco system
+easier to mine for normal people with no specific equipment
+more stable

SMART CONTRACTS based on ETH blockchain
MORE RELATED projects - SEE TIME COIN - based on ETH block-chain

If ETH will be stronger than BITCOIN it could mean that the coin to touch 100 000+ USD per unit.. well you got it... will be ETHEREUM.

Paypal director says that 
>BITCOIN value will touch 1 millions dollars per unit in 2030 

#### can you afford to be outside and look ? 
#### are you sure you will not regret if price will be 1 million ? 

quoted from
https://steemit.com/ethereum/@digitalplayer/ethereum-price-prediction-2020 

please visit , upvote, RESTEEM
👍  , , , , ,
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@bleepcoin ·
$2.58
'using hate speech' WTF?
👍  , ,
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@digitalplayer ·
Considering how you guys write I don't want to even image how bad is this EOS you want to sell to me as better than ethereum
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@dana-edwards ·
It is unlikely that the total market cap for all crypto will be much over 1 trillion by 2020. 1 trillion is 1000 billion. That is enough for ETH and BTC to have over 100 billion market cap.
👍  
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@digitalplayer · (edited)
why - there's a plan and if nothing broken we will have 10 trillion market cap for digital asset by 2020.
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@garvofe ·
May Can I translate to spanish your article?
👍  ,
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@digitalplayer ·
Hi - if you mention the source and put a link to my page - yes

https://steemit.com/ethereum/@digitalplayer/ethereum-price-prediction-2020
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@joseph ·
I am not sure if this question was addressed to me or not, but if it was, the answer is yes. You can translate any post I make without the need to ask.
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@joseph ·
$0.17
I am sorry to hear you consider "me expressing my opinion" to be hate and trolling. I will respect your scientific approach when you post one.
👍  ,
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vote details (2)
@joseph ·
>I will make all a favor and post for FREE an analysis - so you can hopefully understand @joseph is just a speculator that want to dump digital assets, buy when price go down and resell when price is up.

You are very correct I do that all the time. Every day in fact.

>If BITCOIN keeps growing with the same speed as used to do since 2009 - 1 bitcoin value by 2020 will be 500 000 $
yes, half million dollars. Ethereum will naturally follow this price movement since it's linked to BTC exchange.

But your scientific argument is puzzling, you are basing the growth of ETH on the fact that it sells for bitcoin and one day the bitcoin will be so expensive that ETH will have to naturally rise because of that?

Your second scenario is so full of holes, I will not even begin to argue that.
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@digitalplayer · (edited)
my post are about Numbers and Facts - your comments are not anything else than hate and lies. Well done - continue to push hate speech - now finally people can see who you are. An avatar with no numbers and facts just bad words designed to gain attention and steal some Steemit from the community.
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@supremetaste ·
maybe you should post this as another post on steemit, people like to see these sorts of things - its interesting
👍  ,
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vote details (2)
@digitalplayer · (edited)
Thank you. Nice to see there's somebody able to watch to number and facts during such an unfair debate started by mr. Joseph.
👍  
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@donkeypong ·
$4.81
Thanks for a great, in-depth explanation of the Ethereum issues.
👍  , , , , , , , , , , , , ,
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vote details (14)
@digitalplayer · (edited)
The issues has been already surpassed 1 year ago - and Joseph prediction will not magically happens as someone hopes.
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@housewhisper ·
@donkeypong I had no idea of these underlying issues as this is a whole new world even though I read about the main headlines this type of stuff does not show here easily for Joe average to read.
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@digitalplayer ·
It's sort of promotion these guys on this page wanna do for EOS coin - their coin - basically what they want to tell us is "eth is bad buy EOS" - unfortunately they are using not real facts and arguments - they are slandering ethereum to promote their coin within steemit community
👍  ,
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vote details (2)
@kyle.anderson ·
If you want more levelheaded discussion of ETH check out this recent post of mine:
https://steemit.com/ethereum/@kyle.anderson/more-money-for-the-early-visionaries-why-the-eth-chain-is-so-successful-revisiting-why-consensus
👍  ,
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vote details (2)
@kyle.anderson ·
$0.14
Check out my recent post here for some more in-depth and levelheaded discussion of *actual* Ethereum issues. 
https://steemit.com/ethereum/@kyle.anderson/more-money-for-the-early-visionaries-why-the-eth-chain-is-so-successful-revisiting-why-consensus
👍  , ,
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vote details (3)
@doqstrader ·
Gud. I got same opinion regard to the leading crypto. Eth is have some advanta and disadvantages. Others will keep improves.. but now we see a lot of Ico that are using ethrium platform.. which Is will impact the coin. If it success it bring positive result and if failed..
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@dralex ·
You're right in your point of view, but I'll disagree in the part this will fail. I'm not an specialist of anything , but there a lot of people being involved in many tokens projects and a lot of time and money involved. I think bitcoin still have many issues with the blockchain and time consumering transactions, and ethereum may be an immediate option for investors and also banks in the near future. It's my opinion.
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@drewley ·
Interesting.. do you think Steem will surpass Ethereum?
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@joseph ·
$0.29
in all honesty, Steem is much better than Ethereum,  I doubt there will be a real competitor for Steem. All the projects that are supposedly competing are mostly vaporware.  EOS also might benefit Steem in many ways.
👍  , ,
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vote details (3)
@drewley ·
Awesome, I feel the same way
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@dstangohr ·
Here comes the competition, as people start to realize the problems plaguing Ether code, they will migrate to safer and better options. 

Can you please  describe some of these problems and explain why they can only be addressed by the competition and not fixed within Etherium?
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@joseph ·
I never said they can not be fixed within Ethereum, but looking at their track record of how they fix things so far, a fix might be as damaging as the problem itself or worse. As for the specific issues, that goes beyond what this post is about.
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@eeks ·
$9.28
This is really poorly researched, which is a shame because blockchain projects are open and transparent and Steemit should hold articles critical of competitors and other chains to higher standards, if only for the fact that they will naturally draw in people from other projects and perhaps be the first thing by which they judge Steem.  In this case, they would think we can't research, analyze, or write well.

 Here is an example of non-existent reseach.

The article claims: "As more and more tokens are created, large sums of ETH is taken out and set aside, this creates a bubble. Most of these tokens if not all have a monthly burn rate, which means they all have to dump ETH to supposedly fund their projects. We will reach a point where the ETH being dumped far exceeds the ETH being locked away."

The amount of ETH locked up in contracts for ICOs and tokens is not even 3% of all ETH.  It is not even a material amount of ETH.  Furthermore, the largest token contracts that hold ETH have barely sold or not sold any ETH.  

To check to see if this analysis makes any sense, you can look at the daily  trading volume of ETH and compare it to the amount of ETH locked up in these contracts and see how much market impact these  token contract held ETH have relative to the market.  In the last 24hours, there has been $500mm in trading volume in ETH.  That is more than ALL the ETH held by token contracts.   This thesis doesn't hold water.

And the research is so bad here that it makes Steemit look bad.   We need to hold our articles to higher standards than this.
👍  , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,
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vote details (35)
@berezka ·
Yes, people, please read this and use your brain. I couldn't have written it better.
👍  
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vote details (1)
@dana-edwards ·
$0.51
People hold ETH because it is a better store of value than Bitcoin or any other cryptocurrency right now. It is trending up, and people expect that to continue. There is a shortage of stable tokens which requires the current situation. Also it's not easy to spend ETH, there aren't shops accepting ETH like it is currency, and taxes are high for those who cash out into fiat. Typically people spend as little of it as possible and hedge.

One thing about Ethereum is, it's market cap is likely to go up when it switches to Proof of Stake and everyone else expects similar. So it's hard to sell it for peanuts. Whether it is a bubble? Most spaces are in a bubble, real estate, stocks, housing, so why would crypto be any different from everything else in the economy? 

It's also a typical bubble. We get these cycles and have seen this before in 2011 and in 2013.
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@kyle.anderson ·
There is a difference between performance of an asset and its quality as a store of value. ETH has seen tremendous performance recently - other assets might enjoy a position as a better long term store of value.
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@dgiors · (edited)
$6.05
Part of the appeal of Steemit is that there are only community standards. True it lets in unfounded claims etc. but the benefit is a variety of viewpoints. The community may at times upvote complete hogwash but that's a small price to pay for a system that has more freedom and flexibility than other social media.

In the future I hope to see the API lead to iterations of Steem front-ends which cater to different communities and their needs. For example I'd rather peruse articles with more science and critical thinking as opposed to conspiracy theories, religious writings and woo. Such a community could form their own filtration of the blockchain and hold their own standards.

My point being if it's submitted it's on the blockchain and that's fine. It's the filtering that needs some work so people can apply the standards they seek. If somebody wants to find what you consider poorly researched opinion pieces isn't it their right to find that here?

To be clear I'm not challenging your assertions about ETH. I'm making comment on your starting point about standards. By all means it's up to the Steem users to use their voting power to create standards.
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@eeks ·
$5.47
No worries, your comment is spot on.

It's a little different than my point, which is that for the growth of Steemit today, blindly upvoting articles that are 1) poorly researched and 2) will antagonize or put off people who would fit in well with Steemit is bad strategically.  For anyone from the Ethereum community whose first experience with Steemit was this article and see how successful it was, they would  laugh off Steemit as a joke.
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@kyle.anderson ·
$5.56
Well put. I am glad that someone else was also able to point out his mistakes. Not many people payed attention to my comments above. 

 You know what your talking about. Don't know why I was not following. Don't worry I fixed that problem.
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@elevator09 ·
great post!
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@eliran6 ·
ICO or not, I'd like to see a big advertising campaign to get people to download it. Like on Facebook.
But only once it's fully scalable, and packed with all the Ethereum features.
It will benefit the entire Ethereum ecosystem.
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@encryptcy ·
Good Views. How about ETC?
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@engraqin ·
don't know what will happen next 🙈
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@eric-boucher ·
$3.67
I love the tone you are using in writing this article as well as the one used to argue with. You underlined a very powerful truth many often forget to take in consideration when making a judgment on something "People do not want to hear what you have to say, they want you to say what they want to hear."

Thank you for your diplomacy, argumentation and respectful tone. I'm glad to read your article as I learned some more about this problematic that only seems to be getting bigger and bigger as time passes by.

Namaste   :)
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@ermoonvictor ·
I AM WAITING FOR THE DAY WHEN BITCOIN FALL AND DODGE COIN GET THE HYPE THAT DAY WILL MAKE MY DAY ...
👍  
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@ermoonvictor ·
I know it will not fail  in coming decade but bitcoin will be at it is moving to great saturation
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@ethjunkie ·
Very good point of view, you are right, there are already some very good competitors of ETH emerging. But most of the innovation is still in Ethereum platform. The dev team is awesome and the many new projects on Ethereum platform moves ETH even faster.  I believe ETH will lead in cryptospace for several years for sure.  Anyway very good post, i didn't realize about this economic problem with all those ICO projects. Thx for sharing your knowledge.
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@evimeria ·
thanks for sharing Ethereum information!!! I am new to cryptoccurrency and all the issues is helpful for me !! sorry for my english!
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@fairbee ·
I have been hearing this news for months... Surprisingly ever since ETH price was on rise. If it has a dooms day of it's own, it was suppose to happen long back. This era of crypto currencies are different from old era when LR(Liberty Reserve) was ruler in Electronic currency.. 
Based on my opinion, id ETH has to fall so does BTC and other crypto.. As far as I am concern, dooms is not near even if that for real.. So till then happy mining.
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@firepower ·
$2.73
This post and the comments made a great read on a lazy saturday morning! Thanks for the post! @joseph! :)
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@joseph ·
steemit.chat admin and lazy morning, I find that hard to believe :D
Glad you took a break to read this.
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@firepower ·
hahah yeah! Sometimes I want to get away from that and enjoy reading a few good articles. I love reading stuff in general and on Steemit! :D
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@floridanow ·
I like ETH....but value all opinions. Who really knows for sure?
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@fminerten1 ·
$5.74
With Casper there will be again two ETH and new opportunity to earn something.
👍  , , , , , ,
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@joseph ·
lol
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@forykw ·
Ethereum will fail as any other developed currency!!!... why? Ask yourself as why you invested in any coin... and why you continue to do it... and how you will feel if you don't... then if you still feel you are against crypto... you shouldn't be investing... at all!
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@freedomnation ·
Because EOS will knock-out it :)
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@fxminer · (edited)
$3.13
Nice post Joseph. I think ETH may be pumped to $1K before. There are a lot of ICOs - almost everyday. ETH is corpo coin - more companies are interested in crypto. The best alternative for ETH is now UBQ (priced ~$1) - huge potencial.
👍  , , , ,
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@joseph ·
$0.95
I agree, I never argued against trading ETH or ETH tokens. However, long term there should be a lot of caution.
👍  
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@dana-edwards ·
Long term none of these projects are going to be the ultimate winner without significant evolution. Ethereum is limited in how it can evolve compared to Tezos and Tauchain for instance. That said, mainstream adoption will reach Ethereum and they will win in the same way Microsoft once had control of the browser. The better tech doesn't always get the users.
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@fxminer ·
$0.95
Agreed. Good point! One of the best coin now is [HUSH](https://www.cryptopia.co.nz/Exchange/?market=HUSH_BTC). I hope you agree with that :)
👍  
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@g-no · (edited)
$0.39
In my opinion, 3 factors stood out to me as indicators that ETH is not the same kind of investment as other cryptos.
Firstly, Ethereum is designed to be a 'world computer' which will run apps that can be currency agnostic. As far as Ethereum is concerned, end user experience on applications run on it won't be tied to ETH. They can be any crypto.  That means ETH is not that 'special'.
Secondly ETH is the crypto which 'oils' the internal Ethereum mechanism. It's not in the same category of other cryptos which are PRIMARILY designed for the exchange of goods and services between entities (whether that's people, robots, software programs or whatever else!).
Thirdly, ETH is inflationary. If my current understanding is correct, there will be an unlimited supply of it. Doesn't bode well for  people who think of it as a long term investment that will go up in price due to its perceived 'rarity'.
👍  
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@g4gold ·
Nice article. Ive heard of qtum and Im excited, must go research this eos. Thanks for the heads up!
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@galactic123 ·
Yes it makes sense. Ether has had a bumpy story all along. I have a few and thats it.  The reason it became a big player is because Coinbase added it to their platform.
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@garvofe ·
ETH TO 1000 USD. After...... bah....  nobody cares a shitcoin in long term.
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@geetis ·
Man I hope you are wrong, but I can see where you are right :(
👍  
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@glitterfart ·
$15.89
How can I have been NOT following you ? Error  fixed ! 

Nice point of view !
👍  
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@gor999 ·
Maybe you're in a hurry in your thoughts. Ether can go over 1000 usd one day and be even strong.
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@happy-doge ·
With this, I have a few questions:
1. Do you have some thoughts on when will the next news about EOS appear?
It's been silent for a while and I have no ears about it because they aren't accepting additional people in their telegram anymore. I'll only get one through email subscription.
2. Do you think  these Ethereum dapps can migrate from Ethereum to EOS if they want to?
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@joseph ·
I know Qtum will support ERC20 Standard, which makes it easy to port an ETH contract into Qtum. EOS I do not have enough info on that yet. Maybe someone involved with the EOS development team can answer that.
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@hatemmkh ·
I fully agree with you. thanks for sharing this valuable post.
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@hedge-x ·
$0.14
When ETH was at $6 in Dec. nobody listened when I was saying to buy it.  Yes, its probably going to $1000+ at some point but ETH is due for correction.  Just a month ago it was at $50 and up 39x from Dec. bottom.  Investors are way to bullish on Ether now.  I made a small fortune in ETH and strongly believe in it longterm but $6 to $240 in 6 months is too much too fast.  If any DAPP fails the price will tumble sub $80.  Either way expect a correction to at least $150.
👍  , , , , ,
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@dana-edwards ·
Corrections happen, and long term holders wont care when it does happen. It will come back up months later to new ATHs, and if not months, then in the next year.  People concerned about corrections are day traders thinking to buy and sell for short term (short time window) profit. Bitcoin in 2013 went to $1000 from around $30 and corrected in 2014 and 2015. Now it's over $2000 and headed to $3000.
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@joseph ·
I am sorry, I am not talking about ETH price, it could go to $10000 before it fails. My point is that if it's working now does not mean it will continue to work.
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@hedge-x ·
That's like saying Bitcoin will fail, unlikely but OK there's a chance.  What's more likely is that we are in a bubble and ETH price corrects back to $100 or so.  Bitcoin is now very interesting to me since its not so hyped at the moment and we have Segwit2x that may activate later this summer.
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@hegdes ·
Time only will tell. Thousands of cryptos, some may win, others lose the game...:-(
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@hegdes ·
You are absolutely right, Ethereum's D-day is nearing....:-(
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@hms818 · (edited)
$0.81
Ethereum is core where distributed apps can be developed. GOVERNMENT of Dubai will make dubai the first city to implement their document processing on Ethereum by partnering with ethereum startup "ConsenSys".Ether is not just a currency, ether is gas. It is like you are buying gas today and stuck it in silos. If you need it for your car you can use it, if not you can sell to someone else or hold it. The price of gas fluctuate just like money or anything else, but the point is that it does fluctuate because of the usage and not only of the scarcity(bitcoin). if people will create and use dapps the value of gas will go up, otherwise it will go down. Yes, there will be a gazillion ethers in billion years, but most humans, being mortal, only have a time horizon of a few decades, and in that time window the number of ethers that will exist is small
👍  , , , , ,
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@joseph ·
If I tell you what I know about ConsenSys you will $8!t your pants.
👍  
👎  
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@hms818 ·
$2.26
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@tiennguyen ·
We're still waiting....
👍  
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@veganic ·
Go on...
👍  
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@oldtimer ·
$0.19
I hear EOS don't need gas. That alone can kill Ether. But I don't know nothing about this. Just saying. And also I didn't see any working stuff on Ethereum  platform jet.
👍  
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@digitalplayer · (edited)
Wow another EOS supporter - should be now obvious to everybody that you are writing about ethereum just because you want to promote EOS: but you are using lies and fiction story to achieve this. People will stay away from any coin you do guys - trust me - you are over . I will report you to steemit for your FAKE accounts
👍  
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@humoalex ·
$0.32
![](https://steemitimages.com/DQmf3JasABp9CqK9iMEjjj2K7DCqzDTnZC8CpWvypaB4biv/image.png)
👍  , , ,
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@daudimitch ·
hahahaha I feel you
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@humoalex ·
Good discussion, will come good teachings from it. That´s is some cruel but real @daudimitch
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@dgiors ·
http://www.iamrambling.com/wp-content/uploads/2016/10/MJ_WhaleFight.gif
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@humoalex ·
Ohhh yeahhh friend hahahahahahaha it´s a good fight!!!
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@humoalex ·
http://media2.giphy.com/media/133CRQPgDqlpRK/giphy.gif

We´ll catch something here
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@hustletoparadise ·
$0.14
It's always nice to see opposing opinions ... but honestly, the cryptocurrency world is still baby ... anything really can happen. I'll just be on the ride.
👍  
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@hw-enthusiast ·
$0.06
Wow what an article. Huuuuuu....
👍  
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@iff ·
A different perspective: https://steemit.com/ethereum/@iff/why-won-t-ethereum-fail
👍  ,
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@igster ·
" I posted about Ether here on Steemit, I had a strong feedback from the community that prompted me to change the content of my post 180 degrees. " - Seems like it's paying off though. Lets see if this is a start of new trend.
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@indepthstory ·
hi nice writing. Still I see yoo are writing all from the point of view in which the glass is half full. To me it is half empty meaning there is so much to do going forward that the applications of the ETH and some other c- coins have not been imagined yet.

@indepthstory
👍  
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@digitalplayer · (edited)
Right I agree - and I cancel this comment because people is claiming I spam
👍  
👎  
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@chryspano ·
Stop spamming
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@inus12345 ·
Any cryptocurrency no matter how big can fail. (if size is measured in market cap). Only time will tell. 

I think in the future there will be lots of cryptocurrencies and only a few useful ones. I also don't think the market will be dominated by one or a handful like currently. 

Ethereum has good development plans in its future path that I think proves that the probability of failing completely is very low. Sure I think and hope it will be one of the top cryptos in the long term future. It might not be top but Ethereum surely has much more potential than Bitcoin.

If you are an investor and in it for the money it is always good to diversify. I see much hope for new projects like Zen and many more that will enter the market in the short to medium term future. 

I don't see how Ethereum has a greater probability of failure than any other cryptocurrency except Bitcoin that might always be their just because it was first.
👍  
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@iot-corp ·
I like your analysis of the bubble than will pop.
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@isaac.rodebush ·
After reading this It made it harder to know what to do with ETH holdings. I appreciate the good healthy arguments for both sides to see deeper into what is developing.
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@jacktime34 ·
Nice find
👍  
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@jana7418 ·
I don't think so, since ETH is the second most used coin over the cryptospace. Sure it will reach some height in near future. Also many altcoins are based on ETH, so you can see the future here.
👍  
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@jaredm ·
ETH will overtake the market cap of Bitcoin. Will it crash after? who knows but it will overtake it without a doubt now.
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@jassennessaj ·
Well said. You're definitely correct on that. But practically speaking, this predicted failure of Ether takes so much time. Ether will not fail as fast as you expected. Remember for you to be "In" in the market, you need to be as much as competitive to anyone. You'll never know what ETH are planning.
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@joseph ·
I am not expecting a fast failure, I pointed out that ETH is now king because there is no alternative, once there is a safer and better alternative, then a collapse would be fast and swift. I am still trading ETH and ETH tokens as we speak.
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@jassennessaj ·
I see. Thank you and my apology!. Thanks for the info. Looking forward for more of your posts buddy!
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@jaymzbrown ·
That's why I think Lisk is way better... Who's with me?
👍  
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vote details (1)
@coderwong ·
Lisk and Shift together
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@jeff-kubitz ·
Great informative post
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@jlawal · (edited)
Don't be surprised if the person who wrote this has ether in his portfolio.
@joseph, hope you have skin in the game
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@joseph ·
I actually do own ETH and some ETH tokens, I do trade them on regular basis. You are not getting the point of my post.
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@joe28 ·
Good broother
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@khoister ·
It might fail eventually, but it will make me rich in the meantime...
👍  
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vote details (1)
@joejustjoe ·
$0.18
I'm going to upvote this blog because you were one of the very few here to at least wave a caution flag. I'd follow you but my opinions of why Ehterium is a bubble are a bit different than yours. I based things on the way markets price assets and I base that on what "the masses" are thinking at any given time. :-)
👍  ,
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@doqstrader ·
Wow.. that what I want to hear... plis do a post
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@joejustjoe ·
I have been giving constant updates on bitcoin in teh 2 weeks or so I have been here. I commented on volume characteristics on the live bitcoin ticker to show why price was being manipulated by a few strong hands.

http://bitcointicker.co

I initiated a daytrade system with "actual" bitcoin that posted 1 trade per day over 20 days and closed out with banked gains of $956/coin over that period. I did that using the U.S. over teh counter market "bitcoin tracker" GBTC to tell me when bitcoin itself is in buy or sell mode. I only initiated the trades when GBTC was under a buy signal by my indicators. I will continue to update so I hope you follow along.
👍  
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@joele ·
$1.04
Lots of ETH holders are multi-millionaire now and they can manipulate the trending of crypto businesses, I don't think they will let Ether fail.
👍  
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@dana-edwards ·
Lots? I don't think lots became multi-millionaires. Very few were involved in the ICO and fewer donated enough money to become a millionaire. That said, you are right, any long term stakeholder will keep adding value to their ecosystem which they hold a stake in, which they should do. Just like holders of Steem are encouraged to add value to their ecosystem.
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@joele ·
$1.02
Ethereum was a popular ICO then, you only need 2.5 bitcoin investment to be a millionaire now.

Ethereum ICO Purchases by size
Size | Num purchases	|  ETH
------ | --------- | ---------
20  to 199 ETH	| 928 	|60672
200 to 1999 ETH	|2035	|1424999
2000 to 19999 ETH	|2634	|11652188
20000 to 199999 ETH	|393	|17261740
200000+ ETH	|49	 |16003973

https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/
👍  
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@johnsmith ·
$1.35
Sold all Ether and will put Ether value into EOS.  Here's how CMC should look in six months:

1. BTC (crypto reserve currency)
2. BTS (crypto bank-exchange-economy-everything)
3. EOS (?)
4. STEEM (crypto social media and blogging)

:)
👍  ,
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vote details (2)
@dana-edwards ·
$0.76
Wishful thinking. BTC probably will be surpassed by ETH in 6 months. EOS I don't know where it will be, and Steem it really depends on the UX.
👍  
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@johnsmith ·
Surpassed in market cap or user base? ETH could and likely will be pumped further and another doubling is not out of the question. But no one believes the current ETH market cap is in any way reflective of its adoption or utility. The little bit of utility it does have is rapidly obsolescing and I can't see any of the (few) applications currently being built on ETH having any long term utility. ETH blockchain tech, while amazing when it ICO'd, is now slow, complicated and limiting.

I understand there is a lot of excitement around ETH because a large portion of the community have made some good money in the past six months (myself included), but it is time to divest, take profits and reinvest in new projects. Like EOS. :)
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@kaitlynmoore01 ·
Good article. Good to see I'm not the only one that is thinking about this. I do believe most coins are currently overrated. But the future lies in blockchain.  Besides coinmarketcap.com there is:  https://www.coincheckup.com They seem to give this complete indepth analysis of all cryptocoins.  See:  https://www.coincheckup.com/coins/Ethereum#analysis To check  Ethereum Investment research report.
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@kaje77 ·
Ironically I bought my first ETH coin today. This is ultimately a part of my diversification of my investment portfolio regardless. Exposure to cryptocurrency in several forms is good for the upside. 

This post did moderate my enthusiasm, but did not reduce my overall plan for how much ETH to hold in Crypto. Thank you though for writing it. I enjoy articles that pose a different viewpoint.
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@kamza1 · (edited)
$0.24
Honestly I think Crypto is too much in its infancy to be talking about collapses for a front runner such as Ethereum - yes maybe  years into the future this is post is something to consider, but crypto adoption is increasing exponentially and Etheareum is perfectly positioned at the moment.
👍  , , , , , ,
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vote details (7)
@biophil ·
$1.98
Were you around in the crypto bubble of 2013-2014? People were talking like that then as well, and the bubble popped anyway. The recent price surges are very likely not sustainable.
👍  , , ,
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vote details (4)
@kamza1 ·
Agreed there is a bubble, but the key difference between then and now is the rate of cryptocurrency adoption. Records numbers are signing up to exchanges and buying - not just to exchange but to hold long term. Yes the bubble may burst but I just can't see the market dripping drastically, and just like in 2013-2014 I feel those that ride out the waves will be better off.
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@crypto-investor ·
Yep, exactly.
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@trish281 ·
$0.65
I could not have said it better myself.
👍  
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vote details (1)
@kay001 ·
In the presence of a disruptive innovation or evolution lies uncertainty.  The fact that blockchain technologies like Ethereum came into existence shows we progressing as a human race. There will only be one thing that meets this, and its is improvement which might cause some former improvement to be phased out or become secondary.
However, we should only continue to analyse and weigh in on how  the technology may improve and its only going to get better from there. Take for example the advent of social media prominence. There were different drawbacks along the line and more drawbacks still exist and more  to come.
What am sure of is that  the blockchain technology is here to stay, only to be decided is its  major flagbearers. Only time will tell.  Peace my steemit folks.
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@kevinwong · (edited)
$0.88
It depends if there's enough support for it to be used like currency and store of value similarly like BTC. In a way, BTC is also funding the entire altcoin ecosystem getting "locked up" in similar fashion. So I think eth could continue to perform like btc, but I've long stopped buying Ether due to some of the concerns that you've expressed..
👍  
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vote details (1)
@knircky ·
$0.65
So I read ur post. I was looking for some reason why eth cannot succeed. Your argument that ICO will be the death of eth, does not compute to me. But it does make an argument for bubbles. However markets take care of this stuff and as soon as projects create real eth economics the price may actually stabilize. So I don't buy that argument. At all.

I do think that eth has competition and will have to compete and may fall to a better version of platform. EOS sure it may kill eth. But I hate about your article that you seem to really be convinced that that eth will not make it, but don't really bring a logical argument for it.
👍  , ,
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vote details (3)
@joseph ·
I did not say it will not succeed, actually in a financial sense it already succeeded.  What I said is it will eventually fail because of incompetence and greed.  I still trade ETH and Tokens, if you read my post about BAT you know I actually encourage people to trade it. What I am worried about is the bubble this is creating and people losing their caution. A lot of the token projects are pure money grabs.  I can name a few which are not, I am big supporter of the MKRDAO, BAT, and some others but it's not those I am worried about. It's the other 70% which are nothing but vaporware + an ERC20 token Contract.
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@knircky ·
So u simply believe that the only reason it will fail is because of the ICO hype right now?

Or is there another reason u see it fail?

The above just does not make sense to me, it will lead to a crash which will then renounce to a healthy level, killing of many investment etc but ultimately will lead to healthy ecosystem.

So I don't understand how this can lead to ultimate failure of the platform.
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@kyle.anderson ·
$1.50
Ethereum is not going to be the 'blockchain to rule them all'. Saying ETH will fail because there are other *untested* players in the game is shortsighted in my opinion. I see a polychain future, ruled by no single blockchain. 
You are seemingly blinded by the hype around EOS. Competition is good but these projects are not necessarily direct competitors. 

>as new competing projects with more competent developers show up, these projects will put the nail in Ether's coffin. I will name two projects, Qtum and EOS.

Competent developers? Those aren't working on ETH? Nail in coffin? What coffin? - To be serious, there is a place in the market for EOS and Qtum just like there is a place for ETH. Each project is unique in its approach to applications and consensus; tradeoffs are made for each project. Each project will have users whom want the particular tradeoffs granted by the platform. EOS won't take everyone from ETH, nor will Qtum. Both will share part of the pie.
👍  , , , ,
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vote details (5)
@joseph ·
$0.13
I am not saying Qtum and EOS will be the cause of ETH crash.  What I am saying is, people will have a safer and better alternative.
👍  , ,
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vote details (3)
@dana-edwards ·
This is true but it will take years to develop and then years for people to switch. It took Ethereum how many years? It took Bitcoin how many? It will take at least 2-3 years under the best of circumstances.
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@kyle.anderson ·
$0.14
Why do you use safer and better? Can you detail how either project improves on ETH security?
👍  , , ,
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vote details (4)
@kyriacos ·
Stratis right now might be the most solid option for blockchain building since it uses one of the most popular and solid languages C++. Hard to beat that. Eos and Qtum might be promising but right now the game is played by other players.
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@yasien ·
Could not agree more. Stratis is the mature Ethereum.
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@lautenglye ·
nice....your post deserve upvote and resteem....
👍  
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vote details (1)
@leolion ·
What about Ripple? They promise to keep their arsenal of coins in a safe place and not release it in any uncontrolled manner.
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@doqstrader ·
I'm a huge fb of ripple. The system is nice..
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@leosenior ·
It will…for certain but and there’s but, the rise’s gonna be tremendous and that’s why: the graphs show a getting up potential inside the currency a sort of Big Bang I’d rather not miss…
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@licklake ·
Thank you for your post. It made me thinking and looking into QTUM. Also I am even more hyped for EOS now :D Even though I am not sharing every opinion of yours...
👍  
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@log1c ·
Ethereum will fail because ethereum is not STEEM, only the strong will survive!
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@longnshort ·
You've made some valid points here. But I am not sure the logic for the conclusion is so simple. Good read!
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@lost.identity ·
Not a HOT CHANCE IN HELL.
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@joseph ·
lol
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@majorleaguemarc ·
$6.61
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vote details (41)
@cyberblock ·
Good luck :)
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@dana-edwards ·
Seems obvious ETH will be bigger than BTC but that isn't saying very much. The question is will EOS, Tezos, Qtum and others also get bigger? I would think we haven't even started to see how big it is going to get. Next year is when the real bubble will begin if this is one, as we could have ETH in the hundreds of billions market cap and the space could be approaching the trillion dollar level. That in my opinion is a true bubble.
👍  
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vote details (1)
@dodojugo ·
yes sure go for it, share it to us after you finished your video
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@islandliving · (edited)
Please let me just say that I have no experience in cryptocurrencies nor am I even a little smart but I do have strong intuition. I agree with you that one day ETH will outpace BTC but that both will be around for a very, very long time. IMHO...ok, continue on! Aloha!
👍  , ,
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vote details (3)
@joseph ·
$0.63
Go ahead, I would like to see that.
👍  , , ,
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vote details (4)
@brakan ·
Indeed
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@majorleaguemarc ·
I just made the vid, It's uploading to youtube right now. I'll post it to the comments when it loads. (I'm not on my wifi right now so It might take a while)
👍  ,
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@kyle.anderson ·
$0.14
One may be bigger than the other. They are not mutually exclusive. They are both entirely different projects with different users and use cases.
👍  , , , , ,
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vote details (6)
@okkiedot ·
Me too :) Do it :P
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@oluwoleolaide ·
i second @joseph too, it might let me know what i will do with the little Dogecoins have been gathering.
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@digitalplayer · (edited)
ETHEREUM value will be at least 10000$ by 2020
👍  , ,
👎  
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vote details (4)
@mallorca ·
$0.02
Why do you believe Qtum and EOS will be superior to Ether ? Don't you think the Ethereum team proved to be capable of dealing with difficult circumstances ?
👍  ,
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@joseph ·
$0.02
They proved no such thing, but again the opinions are strong, and I am not trying to convince you of mine. I am just telling it like it is.
👍  
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@mallorca ·
I would love if you could convince me, because than Qtum and EOS will be an amazing investment.
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@manycoolthings ·
Opinions, opinions everyone has them and we need to be open enough to listen to opposite opinions. Thank you for your informative post. I have nothing in 'coins or tokens' yet except my tiny tiny amount of STEEM/SBD. 
I think I want to diversify into a few different ones such as Bitcoin (although the fees for small  movements or transfers is way to high for small amounts), and yes ETH too as there are a lot of other developers building on top of Ethereum Blockchain. I would also hold onto LTC too, and DASH looks cheap to acquire so maybe some of that too.
👍  
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vote details (1)
@masaa ·
$0.04
The info about the ether is kind of my view also and i agree. This statement which is not part of the topic caught my attention though "People do not want to hear what you have to say, they want you to say what they want to hear.". I have noticed that there is not much friction here on steemit. its like everyone just wants to be nice(that is not normal human behavior). What post was this that caused some heat?
👍  
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@carface ·
$2.95
I think there are taboo subjects people don't really want to talk about here on Steemit. It's understandable because people are worried about the negative impact on reputation, potential income and the Steem brand. These issues should be brought into the open and discussed so we can combat any potential criticisms from competitors. This is all an interesting experiment however so we'll see how things progress. 
As for Ether definitely short term the price is going to keep going up as many feel it is the bitcoin opportunity they missed out on!
👍  , , , ,
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vote details (5)
@joseph ·
$0.75
Totally agree with your point of view. People seem to confuse my point about what's wrong with ETH and about ETH being a legitimate short term trade option. I am glad you understand that.
👍  
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@masaa ·
$0.81
In the short term protection of steemit reputation is understandable for growth but in the long run the platform should be able to allow open dialog.
👍  ,
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vote details (2)
@joseph ·
$0.05
"Milking the COW" was my first post about ETH DAO, it was my prediction of the DAO being a money grab. The feelings were too strong and I had to change the Title and Content and sing praises of ETH and it's DAO. That was my version of "here is what you want to hear", but what I said in my original post which should be somehow accessible on the Steem blockchain came true soon after.
👍  
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@mashilomj ·
Am i the only who thinks this post is advertising or trick people into investing in the other two projects?
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@mashilomj ·
Why can't you state Ethereum flaws without telling us about up coming project because is seems like you are just advertising the opposite projects
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@masterinvestor ·
Are you a stakeholder in either Qtum or EOS?
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@joseph ·
I hold stake in many projects, yes even some ETH and ETH Tokens. Please read my comments about trading. 
This post is not about trading ETH. ETH is one of the best projects for traders, I mean who could resist all the bad news / good news and hype.  It's a trader's heaven.
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@maxd337 ·
I never got into etherun good
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@maxtill94 ·
NEVERDIE ICO is LIVE. 
The first block chain based Virtual Reality gaming crypto! NEVERDIE coin will allow monetizing the game items in real cash economy game Entropia Universe. NOW game player can cash out their in-game money earned by playing game and can exchange NEVERDIE coin with other ERC20 tokens such as Gnosis, Golem, and Frist Blood.
https://steemit.com/ico/@maxtill94/nevedie-ico-full-analysus-why-you-should-buy-neverdie-coin-gaming-cryptocurrency-coin-comparision-with-gamecredit-mobilego-first
![네버다이 영어이미지.PNG](https://steemitimages.com/DQmUCtSap1yabosCfXNWRPVSz8QEX5fRHDn8DD3TLYBwH5q/%EB%84%A4%EB%B2%84%EB%8B%A4%EC%9D%B4%20%EC%98%81%EC%96%B4%EC%9D%B4%EB%AF%B8%EC%A7%80.PNG)
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@maxy-hopkins ·
Really interesting post. I'm just starting out learning about crypto currencies, can anyone recommend me any sources with which I can utilize and begin to understand this system better?
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@me-do ·
WOW...What a debate..Cool;) At the moment it is very good, so buy and smile;)
By the end of the year, ETH is at least 500.-USD This is just my opinion.
👍  
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vote details (1)
@michiel ·
$0.04
You don't mention RSK, I think this will also be a big competitor.
👍  
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@mikenevitt ·
$0.29
When are Qtum and EOS avalable to buy thanks mike
👍  , ,
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vote details (3)
@joseph ·
For EOS go to http://eos.io and signup on the email list to get first info on sale.
Qtum is available now on Yunbi.com and some other exchanges. But you can wait till official release in September to buy on all Exchanges.  The Qtum you buy now can not be moved out of exchanges.
👍  
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@jaykay ·
Can you please explain more about the last thing you mentioned- "The Qtum you buy now can not be moved out of exchanges" ? Can't I exchange it for bitcoin and move around exchanges?
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@mikenevitt ·
Cheers for the reply mate
👍  
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@mindhunter ·
Hi @joseph - I'm hoping Siacoin can cut into the Microsoft and Google cloud with their decentralized offering. 1TB on Sia is $2 a month compared with $23 a month with Amazon!!
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@mlmtraffic ·
Awesome post for us!  
I followed you please follow me 🔙  if possible.
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@mrdeerants ·
Very interesting post indeed! I've heard the same things but you explained it much better. Cryptocurrency is just so new many of us have no idea what to expect. It's like the wild west to me.
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@doqstrader ·
Diversify
👍  
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@mtsmayad ·
$0.64
I am not as expert as any other  steemian replied, but this what I feel :
1. ETH is project it had a start & certainly it will have an end; however new ETH based projects will continue to pop up and that will make ETH survive for more. Bitcoin is a CONCEPT that make the VALUE.

2. Competitors are two types; 1st. is Projects that based on other platforms like PIVX & Zcoin; those projects will make more room for ETH to fight back for survival; the 2nd. type is Ponzi ICOs that have nothing but a name and business, this type dies faster leaving ETH & competitors.

3. As long as Bitcoin keeps both value and concept; ETH will keep the value if developers keep the platform more morphogenic to overcome new features that competitors offer.

I wish I made my point clear :)
👍  
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@nasnaqvi ·
$0.31
And then.....Putin meets Vitalik!!
👍  
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@blocklab ·
that would be a total game changer. but currently Russia wants to create their own digital asset which should be the only one allowed to be traded in Russia.
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@nenio ·
$0.18
A very interesting post. I agree with it. One of my main concerns about Ether, is that there is not coin supply cap.
👍  , , ,
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vote details (4)
@dgiors ·
Yup. That's an aspect which has kept me from being all-in on the token. The technology of Ethereum on the other hand ought to be able to soldier on even if the token takes some big hits in value.
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@nirmal ·
Ahh! Glad that I already diversified my cryptos in many different coins. To be honest, I lost faith in some single crypto. I am just keeping crypto in different currencies so that if one falls, others might stay stable :)

Thank you for the post. :)
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@nitemare ·
Good point! Lets see what the price does compared to bitcoin (Which have also a lot of problems to solve). I like DASH, Litecoin, Waves and Statis @ this time the most! Happy investing. The christo of crypto!
👍  
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@nitinchugh ·
thanks for the information and thanks for sharing
upvoted
👍  
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@nitza ·
Me gusta tu comentario, me parece que tiene buen argumento
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@orinklev ·
I hope you are wrong😐 just bought some ethereum...
👍  
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vote details (1)
@parkerblack ·
@derelicte check this article out
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@paulc ·
You sound like a crybaby. Someone that lost out that bought at 7 and sold. You don't even get what ethereum is about. If you do then teach us all! Show us how it made it to $225 today.
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@perfectionist ·
Good post. Upvoted, Followed and resteemed
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@platastacker ·
Thanks for an enlightening , in-depth explanation of the Ethereum platform.
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@ploofay ·
Right when I bought some ether mining power.... FML
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@pqlenator ·
It is always good to see both sides, and it is human nature to take differing views and rightly or wrongly steadfastly stick to them. Thank you for your opinions. I'm so new that I know not a lot, except to diversify my meager rewards. I'm not too worried about it now as it is just 'play' money, but when it gets to be larger rewards and therefore much more 'play' money, then it will be time to do a lot of research. My strategy now is to hold BTC, ETH, LTC, DASH & STEEM/SBD. I'm also considering adding to the free 20 XRP I got when I opened a gatehub.net wallet.
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@praz735u5 ·
Thanks for presenting your view, I think in any investment we should do our own assessment and decide on the maximum exposure / loss.
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@rayanboland ·
I do  not think that Ethereum will fail, because analyst says that Ethereum is headed for a 38% correction after big price rally .. Read more here https://steemit.com/bitcoin/@rayanboland/ethereum-is-headed-alongside-the-bitcoin
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@rentko ·
I guess network fees for sending tokens are currently too high. I lately make some checks and the fees for sending tokens on various exchanges are starting with 0,5 for a token and in some cases are close to 5-15, which in the long term (especially with growing price) make those tokens useless.
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@ressman ·
This is interesting ,It is always good to here a deferment opinion on this .
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@rgeddes ·
ETH and ETC are going nowhere...
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@rocksg ·
Everything in this world has risk, that does not mean that it will always do harm to us.
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@royalko ·
Ethereum Fail? you wrong, you can see the market price and the strategy
👍  
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vote details (1)
@sami5031 ·
it all comes down to investment vs trading and follow ether for its service or just for the hype.I agree that ether and even bit-coin  are the parent crypto currency that show the flaws for other crypto currency to fix.
👍  
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@sanees ·
I disagree. Lets say some ethere projects fail.Many will fail, so what??? Many will succeed.Ultimately it comes down to what problems the technology can solve and new solutions it can bring.I think many companies using ether will be worth more than ether and bitcoin.Ether is like OS of the 80s and 90s and the applications that are being built out are like software application companies of 90s and 2000s...
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@sarangkhokhar ·
I have invested a fortune in ethereum ! I dont think it will fall
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@sash-pacino ·
You could be on to something.  I posted this earlier.   http://www.coindesk.com/ethereum-smart-contract-exchange-14-million/
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@scrilla ·
Interesting opinion. 
I think ETC is the better long term hold due to its finite supply, but I don't see ETH crashing anytime soon.
👍  
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@marcinos ·
ETH will crash soon because of ppl that bought it to buy BAT and didn't manage it because it was sold to fast. They didn't sold it because it goes up last days. But it won't last forever.
👍  
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@selfmadeboss ·
$0.29
long article but I can also say why ethereum is undervalued either, so there are different opinions out there, my opinion is that ethereum is a very large project which is in developement, so it could also get more than 1k without problem, why not, many businesses are affected from ethereum as they work on the eth blockchain. Check up my Blog for more lifechaning infos about blockchain, platforms & more.
👍  , , ,
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@brianadams ·
Supporting his argument all the way up.
👍  
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@selfmadeboss ·
I inform others about Waves its the Small Brother of Ethereum which Focus on ICO Crowdfunding which are running on eth yet.
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@serife ·
It's always good to hear a different perspective and I respect your views. I am very new and recently purchased a small amount of bitcoin and a few ETH. I have heard that August 1st is a possible gamechanger that comes with risks. If you were in my shoes what would you personally consider doing? I would love to hear your thoughts.
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@spikezon ·
The price of Ether has risen a lot since this original post seven months. However, you may be right. These early cryptocurrencies may be flawed and will eventually be replaced by improved versions. Good short to medium term investment though.
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@suncassidy ·
Ethererum will split again.
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@superskillz ·
This assumes too much about the average consumer of ethereum. On average, those investing in any of these coins do not understand the technology. Similarly, those that will interactive with the technology in a real use case like SteemIt or others, will not need to understand the core technology. The dominant dev mindshare is the key here. Enough engineering talent is concentrated on ethereum and related entrepreneurial endeavors that failure is highly unlikely. Small problem after small problem will be resolved because that is what engineers do. Sure, short term some wannabe investors will get burned, but that has nothing to do with whether Ethereum as a protocol will succeed.
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@swayzeee ·
Good article the money you got for posting it . Speaks for itself. I very much agree with you. People should be rewarded for posting quality info and insight.
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@tahloks ·
Cool post. Thank you for sharing. Upvoted and followed. Please follow back and check me out @tahloks when you have a chance
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@td4me80 ·
@evanrvoss Check this out.
👍  
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vote details (1)
@team101 ·
Watching and learning.
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@thecryptofiend ·
$66.96
I'm sorry to say I think you are right on this and I used to be one of the biggest ether fans.  

The DAO made me lose a lot of faith in the project.  

The current token shenanigans aren't really helping to win me back either.  

I also think the switch to CASPER, sharding, POS etc will lead to more splits in the community over time.

Further I don't think Vitalik is quite the genius we all believed he was.  He is clever for sure but as I saw someone say on Twitter he doesn't really seem to have much knowledge of human behaviour or motivations and I would agree. 

I would go as far as to say that there is a severe lack of understanding of human psychology and behaviour within the entire ethereum foundation.  

This really started to become evident to me when I became involved in the DAO and they asked me to get involved as a mod.  

Some of the things I heard then basically changed my opinion of the people that were at the centre of the whole ethereum movement.

Also despite people in the ethereum community mocking alternatives I think they do have certain advantages.  

For example - JS is a lot easier to get developers for than Solidity and that ultimately might make those platforms more secure and more open to scrutiny.

Hope we are wrong but maybe not.
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vote details (140)
@alex-icey ·
Well, it will fail because it's a bubble. Read my article on it https://steemit.com/ethereum/@alex-icey/is-cyrptocurrency-a-bubble
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@cyberblock ·
$0.15
wow that is some good insight on a very important topic, we have to be careful how our money is invested in crypto at a critical point in crypto history
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vote details (4)
@thecryptofiend ·
Thanks!
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@dana-edwards ·
$0.15
Solidity is pretty horrible and the development tools for Ethereum aren't very good. The problem is that the alternatives will have even less. I don't know about EOS but Tezos will have to build libraries. Without libraries we cannot do anything as a programmer without reinventing the wheel. Libraries allow programmers to get things done in a safe way, following best practices, and Solidity lacks maturity in that area which led to The DAO.

JS would be a horrible choice for security but it is probably better than Solidity which is to say, Solidity isn't any better but has less tools and maturity.
👍  , ,
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vote details (3)
@kyle.anderson ·
Your right. Solidity and Serpent tools were really lacking last year. They are getting much better. Visual studio support etc... EOS and Tezos (ignoring the IP issues with Tezos in the first place) will need to do lots of work to even get where Ethereum development has reached.
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@thecryptofiend ·
That was kind of what I was thinking - better the devil you know and all that.  I think I generally get nervous when any single "basket" has so many eggs placed into it - it is better to have more competition.
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@davibp18 ·
:-(
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@digitalplayer ·
$0.15
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vote details (11)
@innuendo ·
$3.32
JavaScript is only used by Ethereum to access its API, and it is NOT used to create smart contracts. There is a huge difference between those two aspects and you seem to be confusing them.

Also, while they share a similar syntax, Solidity is a statically typed language, while JavaScript is the opposite. This makes them very different.
👍  , , , , , , , , , , , ,
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vote details (13)
@thecryptofiend ·
$1.75
No ethereum uses Solidity.
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vote details (5)
@digitalplayer ·
$0.14
Why you lose faith with DAO
👍  , , , , ,
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vote details (6)
@thecryptofiend ·
$2.17
I think it was an exercise in ignoring good advice and mocking anyone that tried to point out potential problems.  The whole crisis could have been averted if they had listened to people instead of being arrogant and mocking them.  I don't think anything has changed since then.
👍  , , , , , , , , ,
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vote details (10)
@joejustjoe ·
$0.97
Imo the number 1 reason most all cryptos are doomed to fail is because they are all being "crowd funded" by people who already got wealthy on the fair winds of the social media boom. But we are already beginning to see cracks in that business model with Utube in particular. Big business (the "ultimate" big whale) was willing to come in and fuel Utube s growth but now corporations are pulling back on their advertising budgets. It's just being presented as "the liberals" against the free speech crowd to keep the new voice of the world (Utube, steemit bloggers) as far enough away from the truth as necessary so that the truth isn't obvious. The windup is that when the money dries up, the income for those creating content dries up. The stock prices of ALL social media giants are now priced as if it will continue forever....but it won't. And I just revealed the "real reason" why Utube cut back on subsidies to content providers. When Google is downsizing within its own ranks (cutting employees) the money behind some of these little ventures like steemit will be long gone I'm sure. I hope steemit survives. This is a very good site and the thing I noticed most is that none of the blogs I have read have anyone pushing an agenda for the sole purpose of enriching themselves. I'm actually surprised that there are so few cockroaches here. :-)
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vote details (18)
@dana-edwards ·
I doubt social media Youtubers are funding the crowd sales.
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@thecryptofiend ·
I'm sure the cockroaches will come lol.  Thanks for your well thought out response:)
👍  
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vote details (1)
@kyle.anderson ·
$9.69
Too bad you think features that have been on the roadmap since the beginning such as POS and sharding will be detrimental to the community. These have been planned since the beginning so if you aren't on board, you should have done some more investment research. 

Ethereum is welcome to criticism and competition. 

I don't agree with your assessment of Vitalik - he has some of the most levelheaded opinions when it comes to crypto-economics. He is polite, funny and extremely transparent. Only other individual whose opinion I regard as highly is Vlad Z.
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👎  
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@kaiyo ·
Criticism and Competition.  +1
👍  , , , ,
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vote details (5)
@thecryptofiend · (edited)
$0.15
Or perhaps I disagree with you and have made a rational judgement based on my own observations - just to be clear I have followed Ether since the beginning.  This is exactly like the attitude I saw during the DAO.  Ultimately we will see.
👍  , , , , , ,
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vote details (7)
@scaredycatguide ·
$0.51
Wow, glad I saw this.  I've been watching Etheruem and some other coins this week as I'm starting to diversify, may lighten my planned allocation for this one a just little and put toward some others.
👍  , , , , , , , , ,
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@galactic123 ·
$0.34
Get a few ETH, just don't go super crazy about it.  Unless you really, really see something big happening at some point. :)
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@longnshort ·
$0.36
Ethereum Will NOT Fail https://steemit.com/ethereum/@longnshort/ethereum-will-not-fail-and-btc-eth-and-xrp-price-action-updates-and-ongoing-thoughts-6
👍  ,
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@thecryptofiend ·
$0.16
I think it is best to make the decision for yourself because people can easily be wrong.  Always do your own research if you can.
👍  , , , , , , , , , ,
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vote details (11)
@sovereignfin ·
$0.13
I agree with you 100 percent, people are treating Vitali as if he's a God and can do no wrong. There are many flaws in Ethereum and they will be exposed as better projects come along. L
👍  , ,
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@tribarstudio ·
Very interesting post, thanks
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@triverse ·
$0.02
Great points. I am new to Ether and still on the fence about it. I only hold the $5 to $10 I have earned from those "faucets" you see advertised everywhere. I have yet to put any actual money into. After reading this, I may just keep my money in Bitcoin with a little distributed out to things like Ripple and LiteCoin.
👍  
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@ttuck0903 ·
great article, however, I truly hope the fall is temporay. because I want to buy some, but I will only buy at a fair price.
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@uanxufree ·
I really believe in Ethereum( or something similar) is the future but Ethereum will not fail because one of this news projects is a bit better in a specific characteristic than itself. There are already lots of developers working with Ethereum and creating real applications in the real world, ahead of the fluctuation in the price of Ether. A new project should be much better to make the people switch from one place to the other. Having said that, the problem that will probably make Ethereum fail will be something related to its core code or a serious vulnerability.
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@uwelang ·
$1.84
Glad to see such a post here - usually it is only a praise for any can someone is promoting. I have some good friends investing all their money currently in Ethereum - hope they make some money now.
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vote details (4)
@vandermilf ·
Well, at at the moment, I see no reasonable point of discussion on this at all, because, when d-wave ore quantum computing will occure, cryptocurrency will be mashed. It`s only a matter of time. Instead of an infight, we should be headed together for solutions early against such a thread. Think about it!
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@veerall ·
As im not much of a techie, and just got to know about cryptos a year back, all i do is invest in top 10 cryptos and in my free pass time, i try claiming free coins. that way you wont fall wrong. however in india, we have just 2 cryptos where we can buy ethereum and bitcoin in rupees. ethexindia and zebpay
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@vogeltron1 ·
What makes ETH so much better than ETC?
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@botzko ·
Ethereum is entire programing platform leverage from the block chain and implementing smart contracts. 
It have its own programing language, own cryptocurency (Ether) and a ton of top projects already build on top of it.

Just count the projects that are build on Ethereum that are currently in the top 100 https://coinmarketcap.com/.

And what is ETC? 
Just a cryptocurency backed by nothing but a pump and dumb scheme.

Let me tell you a story.
One day the great Ethereum eat a rotten food (TheDAO). His stomach got ill and it took a dump.
Well this is Ethereum classic.

So i am asking you:
What makes you better than your shi..?

**Don't sell your ETH people!**
👍  ,
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@vogeltron1 ·
Thanks for the post. I decided to sell 90% of my ETH. Not going to cry over 1800% in gains. Too much hype in ETH for my liking when nobody even knows how many coins there are going to be.
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@waronbills ·
i disagree but i respect your view. Ether is the future
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@willsann · (edited)
Your article contradicts itself. You explain how Ether could fail, as Amazon could and others could take the lead, however, the same could happen to Bitcoin and Ether could take the lead. You also go on to explain how if Ethereum fail, there will be no goberment to save it. Isn't this true to every cryptocurrency, Including Bitcoin?  
The truth is that bitcoin is here to stay, but so does Ethereum. ETH has been receiving support from huge companies, meanwhile Bitcoin is in between a battle that wil eventually determine it's future.  We all love Bitcoin, and all we do is thanks to it, but lets be honest, ETH has a future, a well defined future. ETH is here to stay mi amigo.
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@wvm ·
I like Ethereum, I think it has great potential, with all cryptocurrencies, none of us know what will happen, we can only guess really. But the one thing that does concern me about ETH is the available supply. Currently at 92 million compared to Bitcoin's 16. This must effect the way the price per ETH will grow, it will be harder to reach BTC's current standing at $2500 because there is just so much of it out there.
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@wvm ·
Here are my thoughts on ETH https://steemit.com/steemit/@wvm/will-ethereum-surpass-bitcoin-in-value
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@xdark21 ·
For what it's worth I bought 2000 Ethers during their presale and even at today's "depressed" level present me with a tidy paper profit.
 I have to say that nothing I have read here has motivated me in the slightest to sell those Ethers or even seriously think of it.
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@zaragast ·
There are something dark in ethereum project, different to other types of twins crypto like golem gnosis and augur, the concept beyond ethereum its shadow. I don't see a concrete utility from a smart contract, andI I don't think one Dapps (a decentralized app) can do the difference from App. Ok bitcoin, the revolution about crypto si the anonymous and concretely we DONT KNOW WHO IS SATOSHI NAKAMOTO, and I think is better, because we trust in an algorithm, in an​ automatic system, we trust (sorry for this metaphor) We trust in math. In ethereum we know, name, surname address​ of this gentleman working in this company and it's possible for the foundation​ to shift the algorithm​. For example, we know will shift from PoW to PoS, is not Defective​ money, is inflation​. If Vitalik one day waking up think to increase the base of ethereum supply he can. It's good to speculate on ethereum but please I wouldn't​ listen is Bitcoin 2.0, it's better to other crypto or other bullshit. Maybe I'm wrong, maybe I'm​ not, but identical to the people back on ethereum and Sirs i prefer believe in  Math than people.
👍  
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@zatdi ·
If Ethereum's fate is what you described, why Big companies are interested in investing in Ether? They must have had big minds investigating the viability of the Ether for potential transactions.  https://www.infoq.com/news/2017/03/Enterprise-Ethereum
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@zeib ·
I Don't Think ethereum will FaiL! Anyway! Great Content I LOVE THIS! @joseph
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@zizelevak ·
The biggest problem of ETH is breaking the rule: "Code is Law." How we can believe in future? Imagine following situation: China or Russia will ban unreagulated cryptocurrency. Its no problem for ETH community, they will intergrate regulation in ETH. ETH community made it in past with DAO fork. This big possible risk.
👍  
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vote details (1)