Quote Originally Posted by donkdowndonedied View Post
Lol at claiming a cryptocurrency can maintain a pegged value. There are some ways it can sort of be done. I have no clue about minexcoin or how they claim they'll do it.

I don't really keep up with this stuff much. Too much noise and I'm too busy. I wish I had time for my own ICO because I've had ideas far better than tons of these with a whitepaper already written on my google drive. Unfortunately I'm working on a startup already.

ETH is probably a better investment than BTC for a variety of reasons. People just put their money into what they trust. ETH has been around for some time and is widely known. Lots more usecases than these other tokens. Also it is POS which is likely superior. YOu pay 5% a year tax on BTC and the electricity used to mine BTC scales with the price. That is just a most awful property given global warming. Thats my personal peeve, but in general ETH is just better and has a ton of social proof.

The big marketcaps are all about social proof and trusting the tech.

I wouldn't suggest anyone buy in right now. ETH may very well never go down again, but I don't give advice unless I know it is a lock. I'd say ETH will perform better than BTC, but that doesn't mean anyone should buy it at this point. My last purchases of ETH was at $70 and I felt nervous after that.

Even if ETH has problems now there are tons of work being done around it. I expect ETH to break the 1:2 price with BTC.

People thought POW was great, now people have realized that it just threw in a bunch of fucked up incentives that keep the tech from advancing. Doh!

Thats about all the thoughts I have at the moment.

THere may be a better smartcontract blockchain around the corner that will take over, or perhaps a truly anonymous currency.

So .. divest from BTC into ETH, but no suggestion on what to buy with USD cept weed.

the thing i find intriguing about going long on eth is that btc has set something of an emotional baseline for what CC can be priced at, and eth has a lot more room to grow into that paradigm than btc does.