3 ms·

Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested? If those

Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested? If those dapps are so great, why isn't there a single one that regular people are using today?

DiNovi 9y ago
You could say that about the internet 30 years ago...
- root_axis 9y ago
  And? You're remarking on a surface-level resemblance to the greatest communication and economic innovation in human history. It's a disingenuous comparison.
  - Jenya_ 9y ago
    Judging by the size of financial industry, the electronic money which could be programmed to do things with money without human help 24 hours per day is a serious threat to many companies in finance.
    - root_axis 9y ago
      > do things with money without human help 24 hours per day This was already possible before cryptocurrencies, hence how I'm able to buy anything online at any time of day and have it delivered to me within 24 hours.
      - DiNovi 9y ago
        blockchains with smart contracts can automate away entire financial industries; title holding company comes to mind.
        root_axis 9y ago
        Explain how smart contracts would automate away a title holding companies.
needz 9y ago
The tech is still in its infancy. Most of the developers that have heard of Ethereum heard about it within the past couple months. Communities like r/ethdev are growing rapidly and the tools required to develop feature-rich dapps easily are still being fleshed out. It takes time to realize the potential and learn to develop for a new paradigm. Trustless smart contracts are an incredibly powerful concept and I don't expect them to go away.
azeirah 9y ago
There is real movement in the ethereum space. I'm on mobile right now but check out the ethereum enterprise alliance. The other big thing would be ICO's, for better or for worse.

3 ms·

Why is Ethereum's price rising? It's because of breathless articles like this. It's a self-fulfilling prophecy. Wonder how much this guy has invested? If those

by aaron-lebo 9y ago

DiNovi 9y ago
You could say that about the internet 30 years ago...
- root_axis 9y ago
  And? You're remarking on a surface-level resemblance to the greatest communication and economic innovation in human history. It's a disingenuous comparison.
  - Jenya_ 9y ago
    Judging by the size of financial industry, the electronic money which could be programmed to do things with money without human help 24 hours per day is a serious threat to many companies in finance.
    - root_axis 9y ago
      > do things with money without human help 24 hours per day This was already possible before cryptocurrencies, hence how I'm able to buy anything online at any time of day and have it delivered to me within 24 hours.
      - DiNovi 9y ago
        blockchains with smart contracts can automate away entire financial industries; title holding company comes to mind.
        root_axis 9y ago
        Explain how smart contracts would automate away a title holding companies.
needz 9y ago
The tech is still in its infancy. Most of the developers that have heard of Ethereum heard about it within the past couple months. Communities like r/ethdev are growing rapidly and the tools required to develop feature-rich dapps easily are still being fleshed out. It takes time to realize the potential and learn to develop for a new paradigm. Trustless smart contracts are an incredibly powerful concept and I don't expect them to go away.
azeirah 9y ago
There is real movement in the ethereum space. I'm on mobile right now but check out the ethereum enterprise alliance. The other big thing would be ICO's, for better or for worse.