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comment by mk
mk  ·  2523 days ago  ·  link  ·    ·  parent  ·  post: Toyota, Merck Join Ethereum Group to Build Blockchain Network

Agreed. In fact, I suspect a technologically superior smart contract platform with blockchain-like security will emerge, and will may lose to Ethereum simply due to the inertia being built each day.

Maybe not, but in any case, I strive not to be caught unawares.





kleinbl00  ·  2523 days ago  ·  link  ·  

And fuckin'A where do you find truth? I find that half the links that wash across my transom are about technical analysis. Except in this crazy world, with as few participants, technical analysis is only as invalid as the number of people who ignore it, and fuckin' 90% of the coverage of cryptocurrency on any given day is goddamn technical analysis so you have to at least entertain the notion that in this one stupid instance, you might have to acknowledge the validity of technical analysis.

mk  ·  2523 days ago  ·  link  ·  

As far as I am concerned, it's all about who's building on it, and what they are building on it, which then roughly translates to txns/day. Status, Golem, Raiden, Augur, etc. Those things require serious mindshare and energy, and they create compounding value. Toyota and Samsung joining the EEA are lagging indicators.

Also the mindfuck of an ETH dapp that is Prism:

veen  ·  2522 days ago  ·  link  ·  

Interesting dapp - I'm sure there are already a bunch of people diversifying over multiple altcoins. Do you think any of the other altcoins have merit (e.g. concepts that can't be implemented in Eth)? Golem looks useful but I don't see why it's not just a dapp instead of being a different coin.

mk  ·  2522 days ago  ·  link  ·  

I think Golem could be very useful. It's an ETH token, like Augur, Gnosis, etc. Having a token gives them a method to raise funds, and also some greater control of the resource, and payments.

veen  ·  2522 days ago  ·  link  ·  

What does it mean to be an ETH token? It has its own value (about $.40 now), so it isn't tied to ETH in its value, right?

mk  ·  2522 days ago  ·  link  ·  

ETH tokens are basically tagged bits of ETH that track ownership/participation in a Dapp/contract. I believe that different tokens represent different amounts of ETH, but that they are all quite small. I need to look into that. Their value isn't directly tied to ETH's, no.

kleinbl00  ·  2523 days ago  ·  link  ·  

That's just it though - it isn't as far as you're concerned, or as far as I'm concerned. We're passengers here.

One thing about markets as they currently exist: they're at least nominally regulated. I recognize that it isn't as simple as all that but...

mk  ·  2523 days ago  ·  link  ·  

Well, Prism isn't regulated. What that will mean, idk.