Someone explain how there's so many ETH posts lately.
Summarize it in two lines.
Also is it one shill or do you guys think it's a group flooding the board?
It's basically the new Litecoin.
>totes the bitcoin successor
>the future of currency
>bitcoin parity soon
>you can use it for so much stuff
>banks will be using it one day
>there's like apps and you can buy stuff with it
>Summarize it in two lines.
I can summarize it in two words:
It's a virus, or you can just think of it as an MLM scam.
You get duped, so you dupe someone else.
Literally the successor to DRK, Ripple, LiteCoin, Doge, and PND
The arguments are even identical
>To the moon
>"you don't understand the tech"
>new vaporware app coming soon
The reality is that all of these shills don't care about the future of it, they just want it to pump, so they can cash out their "currency of the future" for USD and leave all the retards as bagholders
>shills push price up with buzzwords, empty promises and shitposting
>price gets sufficiently high and they cash out for BTC or USD
Same story as literally every single altcoin ever.
Just another shady pump and dump scheme. If you SHIFT + LEFT CLICK the threads on the catalogue they will disappear.
If you had bought btc at 1 dollar you would have aold most of them during one of the earlier pumps , its hindsight bias to presume tou would have held and sold at the exact top
So if youd thrown lunch money at early btc you would have earned maybe a nice gaming rig
Dont kid yourself
They are right, I don't understand the tech. So are they using Block chain technology for applications that arent currency related and somehow still managing to make a currency out of it? What? Help.
>Summarize it in two lines.
It's like a semi-annual tradition that some shitcoin is birthed and 50% of /biz/ becomes a shilling hotbed for a few months until the dump comes full circle and the coin tumbles to near worthlessness and you never hear of the coin ever again until the next "paradigm shift".
why are you not buying vanilla!
buy vanilla its going to 100k today
bitcoin reward is going to "halve" which gets users excited about their investment but they don't realize this process will do nothing to existing supply of bitcoins (which still far outweighs demand). it's very similar to the late 90's when an announcement of a stock split would send share prices up despite no new metrics being introduced.
Well, take auger for example. It's a decentralised prediction market. Which means you can bet on the outcome of anything. You can even use it for crowdfunding. The house edge is negligible. It can be used to bet on stocks with no spread at all. Like a spread betting platform with no spread.
Slock.it is a decentralised airbnb it allows you to rent your home like airbnb, but with greater security and you get to keep a much bigger cut of the money.