It’s Not Too Late To Save Ethereum

[zoro]

BTC’s value comes also from its blockchain as well (as technology).
So many start ups are build on top of BTC’s blockchain and that gives BTC its “high” value.
Ethereum is totally indepent from BTC’s blockchain. If this will be good or bad, it’s a mystery, who knows.
When and if start ups are going to use ethereum, then its value will be high as well.
The same goes also for peercoin

[masterOfDisaster]

We saw no effect of halving on Litcoin’s price recently…

I saw some effects:
speculators betting on rising prices and creating a price surge in anticipation of LTC’s coinbase reward halving end of August:

But there was no lasting and visible drop of hash rate after the reward halving:

Only for a short time in late August the hash rate dropped by approximately 20%:

You might ask why. Here’s my explanation:
until early June this year the price per LTC was (far) below $2 - even at $1.35:

Now the price per LTC is $3:

The increased LTC price compensated the reduced reward (price roughly doubled).
Mining LTC is as profitable as it was before the halving.

[Sabreiib]

In today’s world, the top 500 super computer altogether cannot 51% bitcoin network, But I doubt XPM hashrate will get as high as bitcoin or even 1/10 of it after releasing 5 years, ie 2018.

The key is how much hashrate OUTOF XPM network to 51% attack you. Moore Law also applies on the attackers hashrate. Without high hashrate, PoW is rubbish.

With regard to PoS, is the community a scarce resource? In a large cryptocommunity, I guess 20% people are hardcore cryptofans, and 80% are just fortune hunters, speculators, and the majority can easily shift to another community if they have not already joined multiple communities.

[Sabreiib]

What does that mean for Peercoin?At the moment it’s easily possible to mine PPC or buy them. With a modern SHA256 miner and cheap electricity it shouldn’t matter (price per PPC) whether you buy them or mine them.What happens if a lot of hash rate enters Peercoin’s PoW process (because miners move away from Bitcoin)?The coinbase reward drops.As a result it will be more expensive to mine them which leads to higher prices if people have demand for getting PPC and calculate how much mining them would cost.

I went in great detail regarding my take of the economical basics of how coins work.

Since PPC is cheap as water, why not buy some PPC and PoS mint? Stupid to mint PoW part of PPC.

If the bitcoin buy side(FIAT) is constant, the halving reward may double the bitcoin price.
So Hashrate maintained. Most miners only care about FIAT income, that’s why satoshi is smarter than sunny king.

[cryptog]

Most miners only care about FIAT income, that’s why satoshi is smarter than sunny king.

Economically, from a production cost perspective, bitcoin works well, peercoin does not not.
Technologically, from a decentralization perspective, it is the opposite.
Nu combines the best of both worlds: you hold nushares, which decentralizes the network because you expect it would bring you dividends.

[Sabreiib]

For me, a PoS share system with scarce resource(BTC,FIAT) in it is the perfect model.
The PoS mecahnism resolves decentralization issue and scarcity maintained by scarce resource.

Nubit and B&C are good.

[mhps]

In today’s world, the top 500 super computer altogether cannot 51% bitcoin network, But I doubt XPM hashrate will get as high as bitcoin or even 1/10 of it after releasing 5 years, ie 2018.

It doesn’t need to compare with other coin. You were talking about scarcity. XPM only needs to see its own diff following Moores Law to keep its eventual scarcity.

The key is how much hashrate OUTOF XPM network to 51% attack you.

It’s a different matter entirely. Why no one 51% XMP now?

For me, a PoS share system with scarce resource(BTC,FIAT) in it is the perfect model.

Are you suggesting that all a country needed to have the strongest currency is to make the most expensive money?

[Sabreiib]

It’s a different matter entirely. Why no one 51% XMP now?

1)not worthy to do that
2)protected by SK checkpoint, a centralized XPM.

“Scarcity”, a low hashrate XPM can easily be copied, if it is worthy of being copied at all.

Gold/silver/crude oil can also be used to support NBT in future, at least theoretically. Anything scarce is OK, except those easily manufactured.

[mhps]

“Scarcity”, a low hashrate XPM can easily be copied, if it is worthy of being copied at all.

You already forgot Rieman(sp?) coin. Without a community the XPM copycat faded away.

[Sabreiib]

is there any XPM community in this world?

[Sentinelrv]

There may not be a large community behind it, (I don’t own any) but there is Sunny’s reputation backing it.

[Sabreiib]

One person, centralized. Even SK’s week reports seldom mention XPM, leave along the dead sub forum.

[crypto_coiner]

So the Ethereum foundation can now fund itself for 7 years vs 1 year or do 7 times more in 1 year. #JustSayin’

[Sentinelrv]

We thought we had it good when Peercoin was $8.50 a coin, but we all know how that turned out. They better convert some of that to NuBits while they can.

[woodstockmerkle]

Based on our current ~$200k/month burn rate …

That’s a substantial burn rate

… we are planning some substantial expansions which will increase our expenses …

I guess it’s a go big or go home mentality.