Move Over, Bitcoin. Ether Is the Digital Currency of the Moment

Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by willitpamp573 on Monday June 19, 2017 @08:00PM (#14591289)

Ethereum is an obvious ponzi pump and dump scam.

I like how they frame the DAO hack as an opportunity for growth rather than a gross display of incompetence followed by a breaking of the original promise of immutability of the platform, which is what it was.

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Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by empath75 on Monday June 19, 2017 @08:37PM (#14591442)

I think it's more accurately described as a platform for Ponzi schemes and pump and dump scams.

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Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by Angostura on Tuesday June 20, 2017 @04:45AM (#14593003)

PAAS?

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Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by narrator on Monday June 19, 2017 @08:19PM (#14591377)

Immutability is really the key to the whole cryptocurrency system. Unlike every previous currency system that has existed, duress can not be used to have a transaction reversed.

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Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by davidgerard on Tuesday June 20, 2017 @05:33AM (#14593197)

cough The DAO fork.

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Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by kinghajj on Monday June 19, 2017 @08:11PM (#14591346)

https://www.reddit.com/r/ethereumfraud/comments/6bgvqv/faq_w...

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Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by 2_listerine_pls on Monday June 19, 2017 @08:25PM (#14591391)

care to post a TLDR?

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Re:Move Over, Bitcoin. Ether Is the Digital Currency of the ... by jacquesm on Monday June 19, 2017 @08:26PM (#14591396)

It has this as a summary:

"Ethereum is an unsecure, trust-requiring, centralized, mutable platform that runs stoppable apps and censors people Ethereum Foundation (EF) dislikes - the opposite of what it advertises itself as. Ethereum Foundation misrepresents what Ethereum is to prospective investors for increasing the value of the traded asset ETH while profiting financially. This means, by definition, Ethereum Foundation is participating in fraud by continuously misleading investors. Furthermore, the act of suddenly changing the properties of the unregistered security after the sale of the security in the initial coin offering (ICO) and/or on exchanges while profiting personally constitutes securities fraud. Additionally, Ethereum Foundation is connected to damaging the value of sold assets, damaging the value of competing assets, theft from competition, and market manipulation of competing assets for profit."

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