Dogecoin
- Thread starter ParanoidAndroid
- Start date
Most of ETH's current value today is based on speculation that people think crypto assets is going to be a thing when you only really need one crypto asset. Which is also why all these other tokens appear to have value.
There's no reason why you can't have alternative networks/companies that do everything that ethereum can do without requiring a native token.
I suppose there’s none whatsoever.
Except that there’s be no incentive to secure the network.
What would a BTC smart contract look like if there were no incentives to confirm transactions?
Probably non-existent.
TreasureHunter
Well-Known Member
Yes, that is true. For fiat currencies as well.
And if you look at Reddcoin, it has very low velocity, because there are very few transactions made with it. In fact, the number of transactions has stayed low for many years. Perhaps there are a few robots transacting with each other, keeping it alive?
^ now you’re trying to correlate velocity with value.
My friend shorted doge with 3x leverage yesterday. That would make me very uneasy. 1x is bad enough, let alone shorting where losses can exceed 100%. Stop losses aren't going to save you everytime with these markets and could actually be ones undoing if the market gaps up significantly, triggers the stop loss and gaps back down.
Riskin' it for the biscuit.
Riskin' it for the biscuit.
TreasureHunter
Well-Known Member
Now that Doge is being traded on several major exchanges, I am wondering whether there is any possibility to sell it directly for cash.
I'm quite happy to see ETH near $4000 but I mostly agree. Ethereum is effectively already centralized though Consensus/Joe lubin and plan to be even more so by PoS. Most projects on Ethereum don't need a token to secure them. Ethereum is competing with far more efficient AWS and Azure for its world computer. Ethereum is being cannibalized by tens if not hundreds of more efficient enterprise blockchains that are actually forks without the coin. my guess is Ethereum will be around in 20 years but it will be without a coin and coin's value will have enriched equity hodlers like JP Morgan.
Yeah eth is killing it woop woop!
Might be useful in future but at the moment defi is the literal definition of a pyramid scheme. What do you think happens when the music stops?
PS I've got more value in eth today than all metals but firmly believe that most of its value will be captured by rentseeking equity in the longer term.
PS I've got more value in eth today than all metals but firmly believe that most of its value will be captured by rentseeking equity in the longer term.
there are some degen ponzi schemes sure but what makes you think its all a pyramid scheme?
TreasureHunter
Well-Known Member
ETH is registering more transactions than Bitcoin: 1.6 million in 24 h, while Bitcoin generates around 0.25 million in 24 h.
But these vertical spikes that ETH is going through generally lead to bubbles.
Some people were encouraging others to buy ETH, when it was around 2,100-2,000, now it's 4,100+!!!
I quit trading it at 2000, just been hodling since then. Over 5k now. It feels good to win!
Ltc doing good as well. Yeah boy!!
I sold all my stocks awhile back and put it all in cryptos and it was a good move.
Watching stocks move compared to cryptos is like watching paint dry.
Ltc doing good as well. Yeah boy!!
I sold all my stocks awhile back and put it all in cryptos and it was a good move.
Watching stocks move compared to cryptos is like watching paint dry.
Polar.bear.Stacker
Well-Known Member
Where'd you get that coin? Now that's a doge worth buying
saw this back in April, check coin shoppee