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GOLD Web 3.0 (Ethereum) is happening, and most people have no idea what it even is.

Discussion in 'Business Models, Niches, Industries' started by parkerscott, May 6, 2017.

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  1. parkerscott
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    parkerscott Silver Contributor FASTLANE INSIDER Speedway Pass

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    Blockchain technology has been around since 2009. When most people think about blockchains, they think about bitcoin, a slow, expensive antiquated technology that is hard to scale, and is not innovating. Every now and again you will hear about bitcoin reaching new all time highs, yet nothing has really changed with the technology in years.

    Then there are alt coins. Coins things like litecoin or dogecoin that are basically carbon copies of bitcoin, and coins like monero that are similar to bitcoin, but have a few extra bells and whistles.

    There is one platform however that you will be hearing a lot more about in the future that is really going to change the way we do things. If you haven't heard about ethereum already, luckily you are hearing about it now. Ethereum is a programmable blockchain, and this makes it a very robust platform. Due to the blockchains ledger system, and ethereums programability, smart contracts are able to be created, along with a ton of other cool things.

    What does this all mean? Trustless systems can be created that completely cut out middle men. Micropayments. Royalties paid for time listened to music or watching a video, etc etc.

    There are thousands of developers in this space, and lots of big household business names are trying to implement the ethereum blockchain into their business. So what exactly is there for you to gain? Well you can become an investor or better yet, you can create distributed applications in this space, and reap the benefits that come along with it. I have made a lot of money in this space, and I believe it is going to continue to grow.
     
  2. AgainstAllOdds
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    AgainstAllOdds Legendary Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

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    How much money have you invested into ethereum?
     
  3. parkerscott
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    parkerscott Silver Contributor FASTLANE INSIDER Speedway Pass

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    Lots, and I have made 1000% + returns. The real money is in ethereum applications, and that is what I plan on working on here shortly.
     
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  4. Jnforja
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    I had already came across Etherum about 2 months ago. But I never even thought I could make money out of it. I'm really interested to see how you do it.
     
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  5. parkerscott
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    parkerscott Silver Contributor FASTLANE INSIDER Speedway Pass

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    You either invest, trade, or build something or offer a service in the space. Im not really sure what you are asking.
     
  6. Argue
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    Argue Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Thank you for posting. Never heard of ethereum before until now. Did some research on it and looks good.
     
  7. 100k
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    1) Never invest money in things you don't understand. I don't understand how that shit works.



    2) Web 3.0 is going to be the internet of things.

    But good luck to ya'll that mess around with this stuff.
     
    Last edited: May 6, 2017
  8. Argue
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    Argue Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    Funny, I just watched that video literally 1 minute ago. Still not sure what it means in plain terms. So now I'm watching this video:


    View: https://youtu.be/TDGq4aeevgY

    ETH seems like a good idea. I'm reading articles on it too. I want to keep researching and get a full understanding. That may sound naive but I want to learn it.
     
  9. Thijz0
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    sounds very interesting!
     
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  10. Van Halen
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    Van Halen Bronze Contributor Read Millionaire Fastlane Speedway Pass

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    Not this muppet... he "reads" books in 10 minutes by skimming through, taking notes and makes videos on how to become a millionaire, yet he isn't a millionaire. I can tell straight away he doesn't really know what he's talking about, I'm more confused on what Ethereum is after watching the video than before it. The soul purpose for creating the video was to be the top at youtube when you search "what is ethereum", so the notes and research was rushed/hashed together just to pump the video out.

    “If you can't explain it to a six year old, you don't understand it yourself.”
     
  11. Frankie Relax
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    Frankie Relax Contributor Read Millionaire Fastlane

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    True, but you can always take time to learn.
     
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  12. Frankie Relax
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    Yeah, I invested in the 2014 IPO pre-sale and got similar returns. Then there was the fork with the ETh-ETC split and my coins doubled!

    Did you invest in the pre-sale too? Which kind of applications are you thinking about? I knew 4g capital, it was absolutely great and I know it's helping many people in Africa...
     
  13. Frankie Relax
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    Well, many people build applications based on Ethereum.
    Anyway, the easiest ways to start earning ETH are:

    - Trading
    - Selling goods/services for ETH
    - Ask for donations
    - Gamble using ETH

    I started buying ICO (pre-sale) coins and then gamble with it. Yet anyone can find its own way.

    Consider that if you are able to build a business and sell things for ETH (or other cryptocoins) automatically you'll gain a lot of exposure in the "crypto-community"...
     
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  14. Frankie Relax
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    I forgot to mention the easiest way of all: ethertweet.

    It is a sort of twitter, but decentralized. Accounts can receive donations in ETH, so that you can start earning coins this way.
     
  15. AdamMaxum
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    Still too confusing to understand for majority of people. Until it becomes a standard way to pay and can be easily explained, it will likely remain 'underground' within these communities for the time being. That doesn't mean you can't make money....just not something I want to necessarily immerse myself in...yet.

    How do you get cash in and out of the system?
     
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  16. MJ DeMarco
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    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

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    +100K.

    I should mention that every financial scam is predicated on a complicated formula that the average person doesn't understand ... "We issue short term promissory notes at 14% interest for interoceanic transportation inventories for multinational conglomerates who need mezzanine float for their operations."

    OK. In other words, it's a scam.

    I'm not saying this is a scam, but the confusing methodology is what sets the stage for adapt players to make a lot of cash, at someone elses expense.

    I can tell you right now that I won't be making any money in this -- but I won't be losing money either. And I'm fine with that.
     
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  17. Andy Black
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    Doesn't Warren Buffet have a rule to not invest in tech - because he doesn't understand it?
     
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    Better safe than sorry. The best advice can usually be found in simple to understand statements like those.
     
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    I g00gled "Ethereum" to get an explanation since it was mentioned on the forum. I read a "Beginners Guide" and still couldn't understand it, and I have a freaking Masters Degree.

    2 minutes into the above "What is Ethereum" video I was glazed over. Couldn't even finish it. I don't know if that's due to the subject matter or the fact that the guy is not a good teacher. Probably both.



    *Edit - Now I understand it a little, thanks to the article I posted later in this thread that simplified things.
     
    Last edited: May 9, 2017
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    I think if you invest into something you don't understand you are removing your control of (your money) to someones else who (apparently does understand). When you move this control of your money you are bound to lose. Its the simple statement of the man with the money meets the man with the experience. When this happen the two switch. So I would agree not to invest, but it does lead to another question thou.

    How do you gain experience in something you know nothing about without losing lots of money. (if can figure that out please let me know)
     
  22. juan917
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    It's one thing to build something but another thing to get people to use it.. Good luck with getting people to stop using their current services and use this new service instead, o wait that's the challenge of any service regardless of what it can or cannot do
     
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    Everyone here is going to use Ethereum in the future, whether you like it or not, because your bank will be using it. Just like the internet started off weird and scammy sounding:



    Ethereum is a protocol, not meant to be an "investment", but it has a token tied to it that has value so people will find arbitrage wherever they can. Imagine if SMTP had a token tied to it back in the day, I'm sure a lot of the older folks here would have said the same thing about that "complicated scam". Most people still don't know what SMTP, or HTTP, or Ethereum, etc. is nor do they care. I mean we already have good ol' fashioned stamp and letters, who's gonna use that "Email" thingie anyway, look how complicated it is:



    Meanwhile, governments, banks, and forward-thinking people keep making the right moves ahead of time while your average Joe always wonders why the rich keep getting richer:

    Big Business Giants From Microsoft to J.P. Morgan Are Getting Behind Ethereum
    Ethereum Project Offers Censorship Resistant 'World Computer' for Developers - Breitbart
    Microsoft, Intel, banks form Enterprise Ethereum blockchain alliance | ZDNet

    I said the same thing months ago with Ethereum under $10, so my opinions aren't positive because the price is going up: Future predictions.

    I just find it hard to believe after the internet happened, people still overlook nascent technologies because "it's too hard". There's this thing called Google. Or just wait until Visa processes your payments over blockchain so you don't have to worry about all the weird scary techy stuff happening behind the scenes to make it all work. Either way, it's coming and you WILL use it.
     
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  25. Frankie Relax
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    Your post is gold, bro! Yet I think they still won't understand, because they don't want to understand.
     
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