|
Title: Conclusions after Eth fiasco Post by: freshman777 on June 17, 2016, 03:04:52 PM Broad diversification is key to success in investing.
Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages. Title: Re: Conclusions after Eth fiasco Post by: The Sceptical Chymist on June 17, 2016, 03:08:57 PM Broad diversification is key to success in investing. Keeping track of 20 investments isn't hard. If you find it hard, then maybe a buy-and-forget strategy would be best for you. Altcoins are super risky. I wouldn't keep any significant amount of money in them. Or bitcoin either, really. Hopefully you don't have all ypur money in crypto.Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. Title: Re: Conclusions after Eth fiasco Post by: tmzn32 on June 17, 2016, 03:10:52 PM Broad diversification is key to success in investing. Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages. You're saying "conclusions after eth fiasco" like it's over? haha Title: Re: Conclusions after Eth fiasco Post by: jjacob on June 17, 2016, 03:11:37 PM Broad diversification is key to success in investing. Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages. To add to that, I would say that the majority of your portfolio should be in bitcoin. Alts can be used to give you that extra profit, but you shouldn't bet your house on alts. Title: Re: Conclusions after Eth fiasco Post by: ATA Group on June 17, 2016, 03:13:41 PM Everything coin like is a very high risk investment.
I am always expecting that I won't see a single penny I invested in all of this. I don't hold BTC, I am here for a good profit or total lose. Title: Re: Conclusions after Eth fiasco Post by: freshman777 on June 17, 2016, 03:14:48 PM Broad diversification is key to success in investing. Keeping track of 20 investments isn't hard. If you find it hard, then maybe a buy-and-forget strategy would be best for you. Altcoins are super risky. I wouldn't keep any significant amount of money in them. Or bitcoin either, really. Hopefully you don't have all ypur money in crypto.Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. If it's not hard for you to keep track of 20 investments, feel free to do it. For me, the best I can follow is 10. My point is 1-2 is too few and risky. 5 is what everyone must do. 10-20 is great if you can do it. The alt market is a thing in its own right, so I am talking about the money you allocated to investing in crypto, not about other money locked in real estate and other things. The money you put in the crypto market still need to go to 5-10 different ventures/coins. Title: Re: Conclusions after Eth fiasco Post by: freshman777 on June 17, 2016, 03:18:46 PM Broad diversification is key to success in investing. Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages. You're saying "conclusions after eth fiasco" like it's over? haha My point is some crypto investors who only had Bitcoin recently invested in Eth and thought they were properly diversified and could now feel secure. Nothing could be further from the truth. Having 2 coins is not broad programming code diversification. Title: Re: Conclusions after Eth fiasco Post by: Spoetnik on June 17, 2016, 03:19:02 PM It's dead that is what..
No one is going to trust it now that it's been hacked that bad ! Title: Re: Conclusions after Eth fiasco Post by: GreenBits on June 17, 2016, 03:21:40 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! It's gonna be a long while at least, and I'm concerned at what the r3 consortium will have to say about this rather severe fail. I didn't expect this particular thing to happen, but dammit, we called this weeks earlier Title: Re: Conclusions after Eth fiasco Post by: infofront on June 17, 2016, 03:23:09 PM Conclusion: Eth is alpha quality software, at best, that is totally insecure (obviously). It is also a centralized coin run by a dictatorship.
Can you imagine where bitcoin would be if it hardforked every time some coins were stolen? But people are willing to put up with this BS for Ether. Why? Title: Re: Conclusions after Eth fiasco Post by: jjacob on June 17, 2016, 03:25:41 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. Title: Re: Conclusions after Eth fiasco Post by: helloeverybody on June 17, 2016, 03:31:38 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. It may have recovered for now but those dao are still going to be released unless theres a hardfork to stop it, Controversial doesn't even begin to sum it up. Eth was a good earner but my advice would be to stick with btc. Eth is still a major risk. Title: Re: Conclusions after Eth fiasco Post by: SwedishGirl on June 17, 2016, 03:43:05 PM TLDR: Buy $DGB.
Title: Re: Conclusions after Eth fiasco Post by: Spoetnik on June 17, 2016, 03:45:08 PM Conclusion: Eth is alpha quality software, at best, that is totally insecure (obviously). It is also a centralized coin run by a dictatorship. Can you imagine where bitcoin would be if it hardforked every time some coins were stolen? But people are willing to put up with this BS for Ether. Why? Correction: centralized ICO Block-Chain APP's platform for profit. Ethereum is NOT a currency. And yes this *IS* a mighty big fucking distinction.. after all that is why we are all "suppose" to be here ;) Title: Re: Conclusions after Eth fiasco Post by: scv00 on June 17, 2016, 03:54:11 PM Broad diversification is key to success in investing. Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages. To add to that, I would say that the majority of your portfolio should be in bitcoin. Alts can be used to give you that extra profit, but you shouldn't bet your house on alts. Buying an alt is like buying bitcoin leveraged. It's much higher risk than buying bitcoin, you can make much bigger gains or lose everything. If you stick to bitcoin even if it goes down you still get money back if you decide to sell. With alts you can get much less back, or nothing if your alt dies. Title: Re: Conclusions after Eth fiasco Post by: Spoetnik on June 17, 2016, 03:58:05 PM Title: Re: Conclusions after Eth fiasco Post by: alyssa85 on June 17, 2016, 04:03:17 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. I think it's over. There is a difference between exchanges being hacked (these are local businesses) and the code of a coin being over-written, and DAO was a contract written on top of Ether. This was fundamental, and I understand that the flaws were first pointed out in 2015 but nobody bothered to correct them. The conclusion - robust code matters, and coins that have stood the test of time (bitcoin but also ltc and doge) will win over stuff that is clever-clever but turns out to have built in flaws. Title: Re: Conclusions after Eth fiasco Post by: tmzn32 on June 17, 2016, 04:20:04 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. I think it's over. There is a difference between exchanges being hacked (these are local businesses) and the code of a coin being over-written, and DAO was a contract written on top of Ether. This was fundamental, and I understand that the flaws were first pointed out in 2015 but nobody bothered to correct them. The conclusion - robust code matters, and coins that have stood the test of time (bitcoin but also ltc and doge) will win over stuff that is clever-clever but turns out to have built in flaws. Reversing transaction due to badly written code is what they are currently proposing. All principles go out the window and eth will be tarnished forever. It will die shortly after. Title: Re: Conclusions after Eth fiasco Post by: NUFCrichard on June 17, 2016, 04:43:30 PM Read what professional investors do, they recommend investments spread over 10-20 ventures. They don't invest in Altcoins! The Altcoin world makes pennystocks look like wallstreet! This is the wild west, Eth was a billion dollar coin, before it was used for anything! Other alts are just as bad, or worse. ICOs are generally scams or get rich quick schemes for the coin creators. People copy and paste coins, give it a flashy name, premine it like crazy and people buy it with real money! I would recommend having a punt on 1 or 2 alts that you really believe in, otherwise keep your money somewhere much better regulated and safer! Title: Re: Conclusions after Eth fiasco Post by: freshman777 on June 17, 2016, 04:48:13 PM Read what professional investors do, they recommend investments spread over 10-20 ventures. They don't invest in Altcoins! The Altcoin world makes pennystocks look like wallstreet! This is the wild west, Eth was a billion dollar coin, before it was used for anything! Other alts are just as bad, or worse. ICOs are generally scams or get rich quick schemes for the coin creators. People copy and paste coins, give it a flashy name, premine it like crazy and people buy it with real money! I would recommend having a punt on 1 or 2 alts that you really believe in, otherwise keep your money somewhere much better regulated and safer! If you want regulations, stick with the stock and forex markets, market makers will fleece you there in no time. Crypto is the only free market on the planet. People are so used to regulations that they actually think free market is bad. Title: Re: Conclusions after Eth fiasco Post by: Spoetnik on June 17, 2016, 04:51:58 PM Broad diversification is key to success in investing. ?
AHHAHAHAHHAH Look who says that know.. Captain ETH SHILL ::) And NO this is no way like Wallstreet Penny Stocks. This is a scam fest with hackers to boot ! How many guys have done time for inside trading like in the REAL stock market ? NONE. Enough with that stupid retarded analogy please ..thanks. But good points overall i agree with most of (who are actually smart) ..these ETH shills are morons. and.. usually cowards hiding behind piles of anonymous disposable noob accounts (like freshman777) ..so they can run later and hide when they acre caught up in scammy BS. Lesson learned guys ? Don't invest in scammy ICO schemes by noobs.. for profit ::) @Freshman ..yes we want *some* regulations to prevent you thieves from ripping us off ! Stick to the stock market ? So what you want to push the whole "it's like stocks angle" until we bring up LAWS ? LOL you clown ahahhahah Title: Re: Conclusions after Eth fiasco Post by: freshman777 on June 17, 2016, 04:58:47 PM Who could have thunk Spoetnik is anti free market too. You guys deserve to be taxed to death, ordered around by regulators who live on your tax money. Pay and don't complain when they squeeze every last cent from your pension plans.
Title: Re: Conclusions after Eth fiasco Post by: anthonydar on June 17, 2016, 05:19:10 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. I think it's over. There is a difference between exchanges being hacked (these are local businesses) and the code of a coin being over-written, and DAO was a contract written on top of Ether. This was fundamental, and I understand that the flaws were first pointed out in 2015 but nobody bothered to correct them. The conclusion - robust code matters, and coins that have stood the test of time (bitcoin but also ltc and doge) will win over stuff that is clever-clever but turns out to have built in flaws. Nothing what ETH devs can't rollback from, once they master it they can do it everyday or hour! If they do it like that, I will not run their code, their coin will become zero value. We will create a new Etheruem. Title: Re: Conclusions after Eth fiasco Post by: GreenBits on June 17, 2016, 05:25:07 PM Broad diversification is key to success in investing. Saving money in 2 coins or stocks can wipe half of your capital if one of the two goes south. Put your dough in 5-10 coins, if one of them collapses you only lose 10-20% of your capital and can quick recover your losses. Read what professional investors do, they recommend investments spread over 10-20 ventures. Above 20 is difficult to keep track of. But 5 is a bare minimum, everyone can keep track of 5 coins and be insured against large unexpected hits. In crypto broad diversification is picking coins with original code that are not Bitcoin clones. You diversify the software and the devs, programming languages. To add to that, I would say that the majority of your portfolio should be in bitcoin. Alts can be used to give you that extra profit, but you shouldn't bet your house on alts. Buying an alt is like buying bitcoin leveraged. It's much higher risk than buying bitcoin, you can make much bigger gains or lose everything. If you stick to bitcoin even if it goes down you still get money back if you decide to sell. With alts you can get much less back, or nothing if your alt dies. I never considered this, but he has a point. Literally, given that all the alts are basically an "evolution" of the idea of bitcoin (ha) it is very similar to buying leveraged bitcoin. Good observation. You can ride the alts like btc, but it's hard, because the alts are all pretty much too volatile for any kind of serious prediction. Btc juuuust finally smoothed out. Title: Re: Conclusions after Eth fiasco Post by: Zer0Sum on June 17, 2016, 05:48:03 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. I think it's over. There is a difference between exchanges being hacked (these are local businesses) and the code of a coin being over-written, and DAO was a contract written on top of Ether. This was fundamental, and I understand that the flaws were first pointed out in 2015 but nobody bothered to correct them. The conclusion - robust code matters, and coins that have stood the test of time (bitcoin but also ltc and doge) will win over stuff that is clever-clever but turns out to have built in flaws. Nothing what ETH devs can't rollback from, once they master it they can do it everyday or hour! https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/ What FUD, there is no "rollback"... exactly one account holds the hacker's ETH... And that account is in a Child DAO that is frozen anyway for 27 days while "tokens are created". This all comes down to the incompetent design of the DAO contract... As soon as I saw it a month ago I knew there would be, at best, complexity issues with recursive Child DAOs. As I've said before... Whenever someone crosses the street via the North Pole, they are either crooked or incompetent... And the Slock.it Group led by Stephan Tual which spawned the DAO was both. No wonder Ethereum deprecated their Forum... reddit can deal with the Pinheads. Title: Re: Conclusions after Eth fiasco Post by: anthonydar on June 20, 2016, 02:07:07 PM It's dead that is what.. No one is going to trust it now that it's been hacked that bad ! People will still make a distinction between DAO and ETH, won't they? Ether seems to have already recovered quite a bit. I think it's over. There is a difference between exchanges being hacked (these are local businesses) and the code of a coin being over-written, and DAO was a contract written on top of Ether. This was fundamental, and I understand that the flaws were first pointed out in 2015 but nobody bothered to correct them. The conclusion - robust code matters, and coins that have stood the test of time (bitcoin but also ltc and doge) will win over stuff that is clever-clever but turns out to have built in flaws. Nothing what ETH devs can't rollback from, once they master it they can do it everyday or hour! https://www.reddit.com/r/ethereum/comments/4oiqj7/critical_update_re_dao_vulnerability/ What FUD, there is no "rollback"... exactly one account holds the hacker's ETH... And that account is in a Child DAO that is frozen anyway for 27 days while "tokens are created". This all comes down to the incompetent design of the DAO contract... As soon as I saw it a month ago I knew there would be, at best, complexity issues with recursive Child DAOs. As I've said before... Whenever someone crosses the street via the North Pole, they are either crooked or incompetent... And the Slock.it Group led by Stephan Tual which spawned the DAO was both. No wonder Ethereum deprecated their Forum... reddit can deal with the Pinheads. I saw this: http://pastebin.com/9MRVDC9h Does it mean more attacks are coming? Does it mean more accounts have to be frozen? Title: Re: Conclusions after Eth fiasco Post by: BitUsher on June 20, 2016, 02:29:03 PM fixed the meta description https://github.com/ethereum/ethereum-org/pull/264/files?diff=split https://pbs.twimg.com/media/ClZT5gqUkAABPcH.jpg Title: Re: Conclusions after Eth fiasco Post by: Minecache on June 20, 2016, 02:37:35 PM Everything coin like is a very high risk investment. Salient advice. I can see BTC crashing to the dogs soon enough as its now turned into a centralised Chinese coin. I am always expecting that I won't see a single penny I invested in all of this. I don't hold BTC, I am here for a good profit or total lose. Title: Re: Conclusions after Eth fiasco Post by: iamnotback on June 20, 2016, 02:55:01 PM Conclusion is that centralized clusterfucks die. Game Over Butalik. Checkmate:
I don't think it's funny, it's savvy. A coder found an exploit and took advantage of it. Let's stop this good samaritan bullshit, if you had 3M ether you would travel, do anything you wanted really. You wouldn't have an aristocratic sense to return it, lol. I would return them... I would return them too. That is because you n00bs don't understand that when you break Nash equilibrium, then you destroy your block chain forever: https://bitcointalk.org/index.php?topic=1515550.msg15292630#msg15292630 Title: Re: Conclusions after Eth fiasco Post by: bl234st on June 20, 2016, 04:42:29 PM Benthach, its amazing you stayed as long as you did. I'm guessing you took some Iowaska recently, read some of your posts and thought "Holy shit... I'm retarded"! Good on ya brother! You were never taken seriously, and I think you finally realized this. It wasn't your primitive writing style that turned people off, it was your idiocy. Hey look on the bright side. Spoetnik is an idiot, but he will never realize it. You are leaving on your own terms. I for one, applaud you Butthach. Now piss off you tard! ;D Fuck I am an asshole! But so are all of you, so meh. Cool story bro.. If you are going to talk about drugs then learn how to spell "Ayahuasca" kid. Your a retarded asshole so no i don't expect much from you with your word-salad wall-o-text writing style. PS: ..i can say it because you just admitted it ;) Oh and WHO are you now ? Talking about two well known guys are you ? I don't think i ever seen your noob account post here before. Got opinions huh ? Too bad.. mine are better 8) Quality comment you wrote though.. really profound and insightful (post more please) Iowaska, ayahuasca, ayawaska, and yage all means the same thing. But lets dispense with such trivial matters, and delve into what really matters. Is Spoetnik an idiot? Well, yes. I will prove it. I will give you exactly 20 minutes. More then enough time for someone who is... analytical as you put it? Let us put your (cough) analytical style on display right now. If you answer the question correctly, I will bow down, and never return again. BUT, if you don't answer the question, it will show once and for all what many here already know. You're an idiot! 20 minutes. Here is the question. As we all know, you dislike Ethereum. It's a scam, blah,blah. But what I want to know, why is Ethereum a fail technologically? I will give you a hint Spoederman. It has something to do with John Nash equilibrium. In your own words, please elucidate us all how this applies to Ethereum. Remember, you said you were lazy, BUT analytical. Who am I? I am the person who knows the answer, and I am the person who has given you 20 minutes to write a paragraph, or be exposed for what you are... a lazy idiot, not analytical. Tick, Tock, Tick, Tock... You see Spoetnik? Just a few days before the DAO got exploited, I gave you a chance to tell me what was wrong with Ethereum... tech wise. I even gave you a hint. I told you it had something to do with John Nash equilibrium. Anonymint: "I think it is important to note that anyone can start becoming a miner now, to avail of this lucrative offer. Checkmate Butalik! Thus the current vote is meaningless as it should be in Nash equilibrium. The DAO and Turing-complete smart contracts broke Nash equilibrium, as we had warned in the Ethereum Paradox thread". Spoetnik, this is why your Hero status is a fuckin joke. You spend way too much time praising yourself, and not enough time researching what you're trashing. I knew ETH was fucked, and this is why I sold most of mine off. Not because of some jack-ass like you, but because of people who actually understand code. Like I said before, you're a complete idiot, and nobody takes you serious, because they know your rants have no substance... just hot air. nOOb! Title: Re: Conclusions after Eth fiasco Post by: NattyLiteCoin on June 20, 2016, 05:27:34 PM Quote http://pastebin.com/9MRVDC9h Does it mean more attacks are coming? Does it mean more accounts have to be frozen? If they're willing to do escrow through OGN, I'm in. Title: Re: Conclusions after Eth fiasco Post by: anthonydar on June 22, 2016, 07:47:15 PM Quote http://pastebin.com/9MRVDC9h Does it mean more attacks are coming? Does it mean more accounts have to be frozen? If they're willing to do escrow through OGN, I'm in. Even if you trust the escrow or the hackers , you might not get anything. There will be a soft fork. http://ethpool.org/stats/votes Title: Re: Conclusions after Eth fiasco Post by: Ayers on June 22, 2016, 08:03:40 PM Everything coin like is a very high risk investment. Salient advice. I can see BTC crashing to the dogs soon enough as its now turned into a centralised Chinese coin. I am always expecting that I won't see a single penny I invested in all of this. I don't hold BTC, I am here for a good profit or total lose. i think it's crashing only because it went high to fast not because the reason you mentioned, nothing is more decentralized than bitcoin at the moment, and etheruem instead is hanging bad, still, with allt he drama sorrounding the dao and the hacker, by a law point of view |
