JayJuanGee
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How much alt coin diversification is needed? 0%?


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February 20, 2019, 12:20:13 AM

Trading volume for the last 24 hours is the highest in the last 10 months : more than 10 Billions.

Why the fuck do people still buy Ethereum? I don't understand.
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It is proven it doesn't have any magical solution to its L1 scalability and also nobody's using its dapps neither. So why would anybody want that piece of shit?

$5b worth of eth is traded in the last 24h. What the fuck...

*at least they are not buying bcash, that's a relief.

They buy it so that they can pump shitcoins and scams, which is a use case in and of itself that causes speculation regarding how many and how much shit can be built on top of other shit, which causes various network effects.  In the long (perhaps 50 years) or medium (perhaps 5-10 years), the market is going to realize how shitty the whole ETH foundation is (including the fact that it is insecure of both centralization and also in terms of the shenanigans that are built on such centralization - which includes a fiat kind of set of monetary policies that they don't openly admit).  

I remain somewhat surprised regarding the actual fact that some more serious projects are actually building on ETH - which is going to cause the scam to continue for a decently long time - absent some real major issue that cannot be short-to-medium term covered up.

In other words, it seems pie in the sky to be wishing on the short term demise of ETH, even though I am in the same camp in which I am not going to put much if any of my actual value into such shescamicans.