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RE: Cryptocurrencies are not in a Bubble, and here's why:
I've been reading and reviewing many places that I could buy my first bit of cryptocurrency, figured I would go on and try coinbase and also get some etherium....I see your post saying something dark about it, maybe complicated to explain, but then where would you start? I'm talking just a couple of hundred to try and at least start. Figured one etherium.
Everything seems to be going for it, what few things do you see that looks bad?
I write the same in another post
There are something dark in ethereum project, different to other types of twins crypto like golem gnosis and augur, the concept beyond ethereum its shadow. I don't see a concrete utility from a smart contract, andI I don't think one Dapps (a decentralized app) can do the difference from App. Ok bitcoin, the revolution about crypto si the anonymous and concretely we DONT KNOW WHO IS SATOSHI NAKAMOTO, and I think is better, because we trust in an algorithm, in an automatic system, we trust (sorry for this metaphor) We trust in math. In ethereum we know, name, surname address of this gentleman working in this company and it's possible for the foundation to shift the algorithm. For example, we know will shift from PoW to PoS, is not Defective money, is inflation. If Vitalik one day waking up think to increase the base of ethereum supply he can. It's good to speculate on ethereum but please I wouldn't listen is Bitcoin 2.0, it's better to other crypto or other bullshit. Maybe I'm wrong, maybe I'm not, but identical to the people back on ethereum and Sirs i prefer believe in Math than people.
Well you sent me down a rabbit hole!
First I have to say again I'm new to this. I've been reading what blockchain is trying to see where and how people even buy crypto, what's mining, what is steem and how it works, I've been reading every chance I get! But you posted about PoW vs PoS soooooo back down the rabbit hole I went, started of reading about PoS vs PoW, which now I understand what you meant, then to distributed consensus to hard fork, PoS virtual Mining.... it's just so much to learn. Thanks for helping and well ... back down the rabbit hole. Lots to learn!!!