Ethereum News April 2nd 2016
Ethereum News April 2nd 2016
I’m writing this post in response to a reddit thread performing due diligence regarding the company, Arcade City, a rideshare startup purportedly designed to be integrated into the Etherium blockchain. If you are not familiar with Arcade City, watch the 5 minute pitch they posted here:
This story details my experience working with and attempting to prosecute the CEO of the company, Christopher David even before he created Arcade City this last November of 2015. It spans experiences compiled over 4 years. I will detail events with emails, court judgement papers, police reports, and other evidence. Two other individuals whom were also defrauded by Christopher have asked that I not detail their names. Their stories will be referenced, but their identities will be protected.
Ethereum is a competitor of Bitcoin, like a shark is a competitor of a lion. You can have two apex species in different niches not competing
— AndreasMAntonopoulos (@aantonop) April 2, 2016
— Taylor Gerring (@TaylorGerring) April 1, 2016
Been slacking on #ethereum‘s dev diary. Been so busy with the 1.4 release.
— JΞFF (@jeffehh) March 31, 2016
The Plutus Mobile Application enables a user to make contactless Bitcoin payments at any merchant with a Near Field Communication (NFC) enabled checkout terminal. This is the most practical way to pay with Bitcoin, because the payment process consists only of holding a mobile device above the merchants NFC reader. As a result, Bitcoin payments are effectively accepted by proxy at over 32 million brick and mortar merchants around the world.
Some firms are even developing their own version of blockchain. Ethereum, for example, is a blockchain-based decentralised platform that developers can use to create their own applications, cryptocurrencies and virtual organisations.
Co-founder Mihai Alisie says giants such as IBM, Microsoft and Samsung have already started researching its possible uses.
If you’re still trying to figure out Bitcoin, don’t look now but Ethereum is the new Bitcoin: “The rise of the relatively new virtual currency has been helped by a battle within the Bitcoin community over how the basic Bitcoin software should develop. The fights have slowed down Bitcoin transactions and led some people to look for alternative virtual currencies to power their businesses. Enter Ethereum.”
Bitcoin has struggled, but a rival virtual currency called Ethereum has climbed 1,000% over the past 3 three months https://t.co/TUZYMCAdxg
— The New York Times (@nytimes) March 28, 2016
Yes I think Ethereum will succeed and the price of ETH will rise, but if you are looking for the big gains from the present moment, I think your looking in the wrong in direction. Don’t be lazy, don’t randomly put part of your stash in every single altcoin out there. Opportunities like this are rare and you would literally be throwing it away.
I know people will disagree, but apart from ETH and BTC, if you hold any other altcoins I would suggest selling it all for the DApp boom. I’m telling you now, these altcoins will never take off, they are play things for traders.
Currently bullish on BTC, we’re on the verge of volatile times, and I’m taking a bet on it going upwards. Will be holding my future ‘gambles’ on DApps in BTC for now.
3-month uptrend being convincingly broken. That’s the end of the bubble. Just a reminder that after Bitcoin’s first bubble the price crashed from $31 to $2, and after the last Litecoin bubble the price crashed from $50 to $1. If you have more than “what you can afford to lose” invested in Eth, now is the time to get out. If you truly believe in Eth and you’re investing for the long-term, you’ll have several months if not years to accumulate at lower prices.
“The need for a powerful platform for p2p value exchange and permissionless innovation remains and WILL NOT DISSIPATE.”, “Metacoin platforms (like ethereum) are ON THE RISE while bitcoin is sliding into the trough (of the hype cycle).” -Gartner Research