Give me 3 reasons why I shouldn’t put every penny I have into Ethereum, please. I’m about to go balls deep based on an overheard conversation and 3 minutes of internet research.
I heard he following regarding digital currencies at the Mart yesterday
- it’s a bubble
- All exchanges are getting denial of service attacks at present
3)It will be outlawed soon.
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How will you invest in it?
Is the exchange secure?
Do you know anything about it?
I’ll answer these for you.
You don’t know.
No.
No.
You can make money from trading it but it’s Wild West stuff. It could be up 400% in the next six months or worthless
Coinbase.
Doubt it.
No.
Down 10% since yesterday I’m hearing.
It’s just pure gambling. May as well head off to the sport of kings thread, proably a better return as well
Yeah but I don’t want to miss the boat if it’s another bitcoin jobbie.
Do it.
I think I will you know. 2 in the hand and 1 in the bush and all that.
Ethereum is used and being investigated as a permissioned blockchain in various projects.
J.P. Morgan Chase is developing a blockchain, atop Ethereum. The system, dubbed “Quorum,” is designed to toe the line between private and public in the realm of shuffling derivatives and payments. The idea is to satisfy regulators who need seamless access to financial goings-on, while protecting the privacy of parties that don’t wish to reveal their identities nor the details of their transactions to the general public.
_Royal Bank of Scotland has announced that it has built a Clearing and Settlement Mechanism (CSM) based on the Ethereum distributed ledger and smart contract platform.
Wikipedia
Encouraging!
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The smart contract concept is very interesting and would be a game changer if it were to be successfully rolled out.
I’m afraid it’s beyond my understanding. But the act JPM & RBS are gearing up for it would be testament enough for me.
It’s pretty straightforward really;
Smart contracts are deterministic exchange mechanisms controlled by digital means that can carry out the direct transaction of value between untrusted agents. They can be used to facilitate, verify, and enforce the negotiation or performance of economically-laden procedural instructions and potentially circumvent censorship, collusion, and counter-party risk. In Ethereum, smart contracts are treated as autonomous scripts or stateful decentralized applications that are stored in the Ethereum blockchain for later execution by the EVM. Instructions embedded in Ethereum contracts are paid for in ether (or more technically “gas”) and can be implemented in a variety of Turing complete scripting languages.
You mean that in a good way? RBS, fuckssake
Down about 30% in 24 hours and trading suspended.
It looks like I now only have to think about backing something before it turns to shit.
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Buy it now while it’s low if you thought it was good value 30% ago it must be great value now
Coinbase having some technical issues would you believe so I can’t. I might wait for it to plummet further before launching a 2 footer.
Try etoro
Trading at 315. Today’s high 350 & low 262. Looks like it stabilising above 300 and ready to make another considerable hike up.
Just remember, all that money is only backed by code. BTC is the only trustworthy one currently