Bitcoin Forum

ETH is being kicked HARD in the balls and it's bones are being picked at. Noob accounts are being created by established community members to join in the ETH lynching fun. People are shouting at ETH straight in the face. I don't know if I've ever seen such a feeding frenzy on BCT.

There's nothing like a bit of camaraderie. And there's nothing like even a little bit of camaraderie in crypto!

Pages and pages of relish at the death of ETH which might have the same effect on crypto as the MtGox fiasco. It might set us all back months, if not years. But no-one seems to care about that right now. It's too much fun hunkering down on it.

But what will y'all do if ETH survives?? (apart from getting very very angry!)

What you mean? Of course Ethereum will survive. After Vitalik forks me, we will move to a beautiful beach somewhere in a tax haven and live happily ever after.

I voted "meh." I dumped all of my DAO tokens on Monday along with the few wei of ETH that I had for fuel. I did the transfer wrong, so I have a few wei left of ETH, but my Mist wallet is closed. Not running a node anymore to hog up my valuable hard disk space.
If ETH survives, the only way that I can see me getting back into it, is if someone manages to come out with a DAPP or smart contract that is absolutely fabulous and proven secure. I'm not participating in any more multi-million dollar "experiments." Maybe I can convince my pet to participate.

It is a good competitive coinso why not let it stay. I dont think it will be easily dropped also. Have been strong for a long way and many people are now supporting it. If it survive then buying more will be a good idea. But for now I will focus on bitcoin and just leave some funds in Ethereum.

I'll do absolutely nothing-will keep eth, will mine some eth, will not buy dao.
Plus keep btc and mine btc.

When Rootstock will come out, Ethereum will have no chance to compete with Bitcoin.

We shall see, I don't see why they can't co-exist like gold and oil do among commodities.
Those who waited just a couple of days ago for multiple hours for btc transactions to settle might appreciate settling in about a minute or two.
I think that this feature is awesome, apart from the fast rise of the blockchain size.

Today i still hold my ethereum because for me price of ethereum is just fluctuating and it is normal. Even if there are problems with the network. I think everything will be fine.

I will FUD it until the cows come home..

MOOOOOOOO  ;D

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EDIT:
Look at the guy above me ahhahahah "normal"  :D  ::)

ETH wasn't hacked so why would you sell. If price falls then you buy more.

ETH is good for smart contracts; what good are smart contracts if you have to trust trusted curators to vet the code for you? And they still fuck it up?

And look who the curators (https://daohub.org/curator.html) were.  ::)

To funny lol

 ETH is good mining with a gpu then  for converting to btc so very simply Intel Amd and nividia all have an interest in propping up its price.

Other major companies such as dell and its Alienware pcs have an interest.

Any major gaming pc company has a vested interest in keeping eth coin a float as long as it only mines it with gpus.

All eth coin market cap was over 1.5 bill   Now about 1 billion .

But to raise price back up some steady purchases from major companies are simply advertising and rebates for their products.

I see the coin moving back up in price quote a bit.

Ask yourself is btc a successful way to move money via transaction answer no..


Btc has 1.4ph to do less then three million transactions a day.

I need to check that but. I think it is close.

Note it is close to 3,000,000 transactions a day it is 300,000


So this means if you have a s-7 it will do 1 transaction per day.

If you have an s-9 it will do 3 transactions a day

So btc is a fail as a transaction mover.  And eth coin is a fail as a contract mover.

Translation for all this all works because we want it to.

Tulips worked for quite a while back in its day.



I did not vote since I will continue to mine it and may buy some with my btc.  Rather then sell it to get btc.

well dao was hacked that is based on eth and the developer is planning to take such actions that will make eth not a decentralized currency so people would have some arguments why to sell it

if ethereum will survive i will sell it all without even thinking in my opinion because bitcoin has no future in my opinion, i hope that he only good currency will be bitcoin in the future

Thanks for a good discussion guys. We're definitely living in interesting times! Market is up from less than $8bn at the start of the year to almost $14bn (BTC rise is majority of that).

ETH and DAO need to survive right now. If that combination crashes it will be bad for all of us. A failure in the so-called latest tech might be the final kick in the nuts for the entire crypto industry. We all want mainstream adoption. ETH and DAO is beginning to be part of mainstream tech consciousness. What do you think will happen to the industry if those 2 fail or become the laughing stock in mainstream financial circles?? Investment will probably stall again like after MtGox. So why are people on here rejoicing???

I think non-crypto investors (non BCT members) want all the main cryptos to succeed. I don't think the tribalism on this forum exists with big money investors. They want the crypto industry as a whole to be secure and to succeed so their investments grow. Maybe I'm wrong, but it seems logical.

The hacker is basically killing the goose that lays the golden egg (the crypto industry).

well since eth was a arrogant prick all along i say they deserved it. "Ether will overtake bitcoin" this was spammed for months on this forum and now this hack has happened eth shills are silent. In my opinion anything more than $1 per eth is over priced.

I will do nothing!
This case just shows how prone to failure this whole system still is and probably will be in the future due to it's massive complexity.And if you have read the chat logs you realize how centrally controlled  and governed it is.
If Ethereum should survive it's value will be a fraction of what it is now.

That is what I am doing now. I am buying more Etheruem. But DAO is the major application of Ethereum, what else can Ethereum be used a lot?

I will sell some Dao and buy ETH,and now, I have been doing that.

I'm still waiting to see how far the cat bounces.  There are still buyers..
If it goes to $2... I will buy a little... but look to sell again just before the next crest of $18. 
If it fails.... I lose just a little.

Just think how boring it would be if crypto currency was stable, prices stayed around the same, there was only 2 or 3 big players in the game, and everything ran like clockwork.  That's the future.  That's not today.  But today we make... or lose money.  :)
Rembember: only stake money you can aford to lose. ???

This is just a format war in world of tech.....  I have seen it before...

Blu-ray Disc vs. HD DVD

Composite video vs. S-video.

CompactFlash vs. Memory Stick vs. MultiMediaCard (MMC) vs. Secure Digital card (SD) vs. SmartMedia vs. Miniature Card.

DirectX vs. OpenGL vs. Glide API.

Video8 vs. VHS-C and later Hi8 vs. S-VHS-C tape formats

AM stereo  vs. FM stereo

JVC VHS vs. Sony Betamax vs. Philips Video 2000,  analog videotape

8-track and four-track cartridges vs. Compact Cassette

240-line versus 405-line television

78 rpm vs. 96 rpm gramophone

Direct current vs. alternating current:

Round wheels vs. Square?

When the DAO is wind down, they will convert to 0.01 Etheruem. So you can get back the original Etheruem, why sell  cheap now?

It is now further dropping again and is now at 13's.
Was it dead cat bounces that we witnessed earlier in the day?
It does look pretty bad for ether.

No.. we re in a DC bounce.  Buyers are still rushing in.

I will buy some if it is cheap enouth.

This is the first ETH dead, more will come till the technology is matured. Look at BTC it had to die a hundred times to get so strong and it will die again  ;D  but the intervalls are getting bigger, thus is getting more stable and drama resistant.

and since it is a viable method to mine btc and if the 1/2ing happened today even at the price of  $13.62  eth coin would be cheaper to mine then btc.

It is worth about the 13 it is right now.

You fail to understand that btc does not do what it is designed to do very well.  Move transaction safe and cheap.

We do 300,000 trans actions per day on BTC  and the if the s-9 was the only miner 1 s-9 does 3 transactions a day.  That is a fail.

With  Eth coin we  can do far more transactions in a day. It  mines far more blocks per day  and the key is it is gpu driven.

This makes intel ,AMD and NVidia all have a vested interest in it.

Best case is the DAO fails and the coins are returned.  ETH does what it really is good for mining btc cheaper via conversion then btc can be mined with via asics.

The economics of crypto coin demand a gpu based coin that is better to mine then btc  without understanding this all the haters of eth coin are like a person that hates his or hers own asshole (since hater call it a shit coin).  

Well you need a way to shit.

I will say this  any coin that is gpu based and implodes when asics can mine it can replace ETH coin, but we need that a coin to do it.

So if ETH coin is killed off we will get a new gpu based coin for the simple reason  there is a need for one.

Yeah.. look at Monero = 25 cents roughly i heard then Scammy ICO ETH "fuel tokens" $18 ?

WOW you people are fucked in the head.. how the fuck did that happen ?

I have had issues with the coins pushing anon features or their over-zealous shills.
But come on people get realistic and look at the fundamentals and reality.
On the scale of bad, crappier, worse and the shittiest why is the crappiest the highest price ?
How did you all let that happen ?

Easy Answer.. GREED

Let me know how that diseased mentality works out for ya all ;)

I'd mortgage my house to buy Doge coin before i traded 1 fucking ETH shit token !

 :) Knowing what 'incredible' coins survive, never feel doubt about the fate of ETH and DAO.

Seems like this will be the most epic dump in the history of crypto.  ;D   I'm gonna get a BIG BIG pack of popcorn .

We need to find the other GPU mineable coin within a year, as Etheruem will go to PoS then. Can we convince Etheruem to PoW for longer?

If the miners support the Ethereum developers this time and showed the benefit of PoW mining, will PoW be extended?

I think the PoW mining can increase the value of the Ethereum. It put a floor price to the coin. So it should be extended.

Without the support of the miners, the Ethereum could already be dead. That showed the benefit of the PoW mining.

It will survive, but what will be the ETH market value then. Very low, I think. ETH did fantastic bubble and nothing more  ;)

If the Ethereum survive and find more application for the Ether, the price will rise, if not, and it becomes PoS, it will be like Nxt.

What i did:

- Sold all DAO and made BTC
- Sold ETH while it was going down, bought it back very cheap. Holding it for the future. ETH will climb back up, but not sure about DAO.

Advice:

- Sell DAO
- Sell ETH
- Hold BTC until halving
- After halving, convert BTC to ETH for the future.

Eth was destined to die from the beginning.  You fools are being brain washed lmao.

will probably buy back eth too after halving.  it should survive. its huge enough to let it die.

It depends on the support of the community. It has strong support at the moment. The price is still high now.

For a while I have been stopped trading for a while and was lucky that i didn't invested in ETH when the price started crashing, but now the price has become better but still not safe to invest lots of money there. In case ETH survives then i may invest a bit and then increase the volume time by time.

The Ethereum trading is still quite risky. It is better to wait until after the soft fork take effect, then decide.

i'll buy more rig to mine more ethereum and dump for bitcoin, what else should i do this thing is still very profitable lol, i think everyone here is just for bitcoin, and dump altcoin is the most profitable way to get bitcoin

You are not alone. There are many people doing the same. The network hash rate keeps on rising even after the hack.

ill keep mining them and selling them as long as its profitable. ill hang on to some just for the lulz though.

gotta subsidize my video cards ya know..

Where were all the emotions when 150mln$ were invested in the dao? Some of us were standing on the sideline, warning, waving hands and facepalming. The writing was in big red letters on the wall: something would go wrong (untested code on such a scale is madness)

I imagine it sucks for some few who were misled and my condolences go out to them but all in all this was the worst mania for tulips i have seen so far in crypto. Why is everyone emotional when the inevitable happens? Where are the regret-posts on the way up?

And the funny part about all this is: you morons will do it next time exactly like this again.

This madness is harming all of crypto, yes. But blame your own greed, not the people who warned you about it.

Maybe you're right op, maybe it's time to tone it down and let the SILENCE begin.


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also keep in mind: ETH was sold as "bitcoin contender" and they would have loved to feed on the corpse of btc. I don't think anything of value was lost. Maybe that's why some are bitter, because ETH was a project to fuck over bitcoin. And very openly so.
Sold by slimy hypers.
It's really a pitty the greed got the best of so many people. Karma, i guess.

But was it really? Or is that just the way BCT members interpreted it? Crypto is very tribal. EVERY new crypto is a bitcoin killer in 'ere. Just ask <INSERT YOUR CRYPTO HERE> holders.

read the old threads again, watch the old videos. I thought it was very invasive and even hostile. I felt even blackmailed into investing. Sorry for not showing a positive reaction to that.
Generally i'm an altcoin-guy and would they have sold it without a presale but pow-distribution and were not so obnoxious and over the top with their claims i would have been all for it, believe me.

Trolling them a little should be alright. But you're right. Let's not overdo it. Some of the believers have heavy losses to take, that's right.

he sure is not alone in this! even at $12 i'm still selling eths ~four times what they cost! all my gpus are few months old only, fully roi-ed & can be sold 2/3 of the original price anyday! amd rx incoming is gonna moon the hashrate tho. even then it'll still be the most profitable way to get btc! (& keeps some alts as lulz & sentiment)

Voted "meh." ETH will undoubtedly survive, but it's lost its charm.

It will survive at less than $5.  You all got hosed even though the facts were right in front of your faces... 

i think eth right now is in pretty deep waters. lets see where all this takes us.

Survive at 5$ ? You must be delusional, nobody will sell below 9$ because it wont be profitable for miners. And it already lost 40% of its value because of the dao, so untill that is left behind and the fork occurs, it will float above 10$. Ofc theres always the risk of whale dump, but that can happen with any other coin including bitcoin.
So if you wanna make any profit from crypto, invest in any crypto that has potential, except for btc/ltc ( 99.9% of LTC is traded in CNY, chinese trade between themselves to create the illusion of activity/volume, while they control probably 90% of hashrate).

Lol good luck

If it survives the crisis, the price will be $50. If it does not survive, the price will be $1 or lower. It is binary.

Exactly, its like, 90% chance to survive and from that on the price will slowly increase, ALOT, or if somehow devs fail badly, the price will decrease. The risk to gain is so much higher than the risk to lose, by ALOT. Its comparable to bitcoin, like investing in bitcoin at 200$ knowing it will increase to 700$+, but there being a very small chance for it to fail because of block size.

Methinks the price will hover around 8-10 for a while, the confidence is gone and it seems the hard fork will probably rear its head. I don't think they will just let it ride. Once they break that final confidence with the fork, it's sub 10 for a while. Long term, will prolly go up though.

Yeah, it prolly will. Funny how ETH has been bailed out (in fiat terms) by Bitcoin's pump. I sold mine at much higher prices in satoshi terms, but "only" $13.xx in USD terms.

Buy BTC or other alts which haven't gone up $1 billion.

That is a good idea. But if the Ethereum survives, it will be the second coin and the price will rise a lot.

Laugh wholeheartedly. Then eventually, if it exists a few years down the road in a better form, invest.

We might even have a use for smart contracts by then  ;D

though i think those alts might never happen to reach such market cap any time soon most probably and it wouldnt make you a lot of money in the future i think though thats just my opinion

i think i would buy some ethereum then in order to make some big profit in the future if ethereum will start growing at a really rapid pace, in this way i would manage to make some good money i think

If the Ethereum does survive after the DAO crisis, that will be because of the big community support, the price will rise a lot.

The Ethereum has a very good community. The price is still over $10 after the DAO crisis. If it survives, the price will be $50.

If there is no bad news after the date of the soft fork and the stolen funds are freezed, I will buy some.

I also also buy some more if there is hope for the Ethereum to survive. I will average down the price.

What's the actual plan for the fork?  Are they just freezing and returning funds to old owners?  This means loads of eth dumps. They should just cut off the rotten limb and burn the lot.  Id say its the only shot they have at saving eth.

I heard that there will be no soft fork to freeze the coins due to a buy. There will be just a hard fork.

So after all that drawn out debacle, they still had to opt for the hard fork? If they were gonna end up here, why not cut straight to the chase? It seems like they are drawing out what will be the obvious decision.

Soft fork is good for the Ethereum as it freeze the 3.6 million ethereum. Hard fork will return the 3.6 m to DAO holders.

There will not be soft fork any more. It can be attacked to slow down the network. There will be hard fork only.

I will observe with interest to see the effects of the hard fork. If that is a success, the price could rise.

if i had to make bet on survival of ethereum i would bet on its survival and the only reason for that is because users aren't really the ones who decide ETH's survival but instead those who were controlling it from the beginning by pump and dumping and keeping the price always up by throwing a lot of money at it, will make it last longer but eventually that will stop as people start to leave and lose their trust.

It's only 23 days since the DAO hack... and a HF is ready to go.

In contrast, I doubt if Bitcoin leadership could agree to order a pizza in 23 days...
Instead they would organize another glitzy conference as a smokescreen.

Did you know that RIGHT NOW to send $100 USD...
BTC costs $0.900 with "likelihood" of getting 1 confirmation in 20 minutes (2 blocks)...
ETH costs $0.005 with almost certain 1 confirmation within 15-20 seconds.

Did you know that crypto businesses like mining pools that send a lot of tx...
Are rapidly diversifying away from using expensive BTC money transfers?

http://forums.prohashing.com/viewtopic.php?t=886

I like the fast confirmation. That is the reason I will buy more Etheruem when it recover from the crisis.

Strategize by buying the bottom and wait for it to go up again  ;)

Your strategy is not complete how if price of ethereum still going down do you will hold them? Or you will cut lost, you should be adding management risk and another else.

i am not so sure about ethereum's survival. it has many problems that can not be solved and the price of it has already been too high inside a bubble and it should have gone down eventually.

but if i detect a bottom and can see any sign of rise i would buy it because there is always a good profit in dead cat bounces.

Maybe the Ethereum price will keep on dropping until the hacker is caught and then there will be a relief rally.

Do some reading and come back for a second thought would be my advice.

https://www.reddit.com/r/ethereum/comments/4sche8/a_50m_hack_tests_the_values_of_communities_run_by/

The Ethereum mining hash rate is still increasing. That makes me think the miners are very confident.

If ethereum will survive well i think the safe that i can instead of investing again with bitcoin better to mine ethereum for safety..
Do you think ethereum still affected from the dai issue?

The initial cost of setting up the Etheruem mining is quite high, you also need some skills to do that.

The Ethereum mining difficulty is still rising. That means a lot of investment in the mining facility. People are very confident about the Ethereum.

Just put some buy orders around 8$, Eth will survive no doubt, not that easy to kill that monster

Market cap is  $ 859,485,012  it will no disappear over night, weak hands are out already!

I think I will wait for a few more weeks. If the Etheruem price rises above 12 dollars, I will buy some.

No, i don't think its because of confidence, everyone wants a money making machine and the most profitable is still eth, just!
However, it has been neck and neck between eth and eth clones and feathercoin since the Dao thing.
(feathercoin has only a small market cap and is not carried by all exchanges).
REF: https://www.whattomine.com  
Sia is now on the scene so it looks like eth has growing competition.  Miners that have wealth may mine a coin through loyalty (or blind faith), but miners that are not have power bills to pay and will mine what is most profitable.

Oh! if it survives, i will buy it at $2

If it survives, you will not be able to buy at $2. the price is over $10 now, and it is rising at the moment.

It is not a bad coin, the only fear is its weak security, so if it recovered and survived then it will be better for them and we all, so I will also buy some of them, but before buying I will wait that the price come to lowest value.

I think it will behave better after the recent hack, the developers should learn from the $60 million lesson.

I actually think eth might make a comeback now once it gets its hardfork or whatever it does.  Price seems to be holding and even rising quite well the last while.  I won't be buying any though.

The time to buy ETH was during the ICO.

I voted I will exchange my btc to ethereum although many are voting that it will not survive,maybe because the real owner of the copy right just came out and every body expect doosday scenario but I believe Ethereum will still survive this,there has been no heavy dump at this point of time..

But at that time, there was big risk as there was no certainty that the Ethereum would be very popular.

I hope that they learn some lesson, as with that a lot of people lost their saved amount of ethereum due to its value leak, I hope that in the future we do not see the same tragedy.

I agree with this. They should write more robust codes and make sure the security is the most important.