Bitcoin Forum

It doesn't make any sense.  Is it being manipulated by top bagholders who are using their money to keep buying the sell offs to give it the smoke and mirror effect of looking like Eth isn't bleeding out?

There was a panic selloff followed by an over-correction. The next phase will be a slow and painful decline.

~~

That could happen. But the Ethereum has some big deep pocket investors, they may pay the developers to improve the technology further.

You see this completely wrong... ETH will resurrect after the fork. It will be the very first time in the history of the financial world where a theft can be returned to its rightful owners without the hassle of apprehending the thief and his bounty...

Do you guys remember that theft at the central bank of Bangladesh last January ? The hackers managed to steal 81 million $ out of the IT infrastructure. Most of the cash hasnt been recovered. IT-Systems are bound to fail, its a principle which was not invented by smart contracts.

However, financial institutes will pay billions  for a system which actually can recover stolen funds. This fork will be the very first example of the possibilites a blockchain really has to offer.

No one in finance will be interested in the technological implications which some derive from the ETH hard fork. ETH will return the money. ETH will turn back time... That´s how things are going to be percepted after the fork...

These attacks are endless.  A fork may be impossible.  Eth may have been infected and there is nothing that can save it.
http://pastebin.com/9MRVDC9h

This is a futile maneuver. The hacker is trying to secure his assets.. All ether draining adresses can be identified. They will be put on the black list. Buyers of the recursive call contracts will get ripped off by loosing the paid fees and the recieved eth...

It's going to be too much of a shit show, too many people will be involved, too many contracts infected.
Eth will bleed out

This is real bad new and i think theres no way to recover it.. better to start a newone if they have already a backup the whole block before it happens its better to start a new block chain and install the old backup. and close this ethereum block chain..

I foresee ETH not really dying, but no real company will want to build on it after this fiasco.   Just a small community of Ethers will buy/sell the coin.  Kind of like Doge ...

Let's quote Warren Buffet to explain why investors buying Ether now.

"I will tell you how to become rich. Close the doors. Be fearful when others are greedy. Be greedy when others are fearful."

I Edited for you.

ETH have to choose from only bad options. It is up to them to decide how bad one will select.

Well that´s where we disagree. Still, don´t you think this incident opened a discussion about the moral and regulative implications of blockchain tech? Irrespective of the outcome, this hack will shape our view on distributed ledger systems. There will be a decision and afterwards, we all will be smarter...

I just gambled on the outcome that the hard fork elevates Etheriums reputation rather than destroying it... Let´s see how this turns out...

No it makes perfect sense. Fortune favours the brave. When there's blood on the street it's TIME TO BUY.

Exactly.  intel, amd, nvidia all stand to sell a ton more gear if eth coin survives.


So market cap is:
https://coinmarketcap.com/

and btc is down more then eth is for the day

btc 11 bill and change
eth   900 mill down from 1.6 bill yesterday's volume was 62,000,000   so if intel and nvidia and amd purchased 20 billion since the crash/attack   they stabilized the coin

and turned a paper profit as of now.     plus people will still buy gpus to mine with along with cpu's.

Dao may vanish but crypto gpu coins will stick around.

There are a few deep pocket investors , but they don't represent the names that are often thrown around like MSFT, intel, amd. The large investors of ETH are exchanges like Coinbase/gdax and gemini that created the initial bubble so they could front run their exchange for profit and to add liquidity.


Whether we are discussing BTC/litecoin mining back in the day or current mining on alts like eth they all represent a drop in the bucket in GPU sales, especially since most of this mining is occurring on old gpus being fired up again and not new equipment. This is especially true for ethereum where it would be insane to make large GPU purchases knowing it would be switching over to PoS in a few months.


Why the hell would any of these companies by any Eth tokens? This is the misleading language that was used to pump eth in the first place and is very deceptive. No, these companies aren't buying bitcoin or ETH or any alt, and I don't expect them to buy btc or eth anytime soon either.

No idea why people would still buy this, I'm a bit stunned that price didn't go lower yet... obvious now that ETH is not decentralised and Vitalik can act as a sort of a central banker when he wants too (ok, thats a bit over the top, but still)

I like the jokes though:
https://pbs.twimg.com/media/ClQJccHUYAADdM7.jpg

Why would any of these companies give a fuck about eth? At the very best there are a few thousand miners, who already own the stuff they need, vs hundreds of millions of computer users and gamers.

The demise of Ethereum is underway now:

Disagree, The Attacker has already won.  The Eth investor wins if a HF is prevented, because such a scenario would fatally and permanently ruin Ethereum. The only winners of the vote for a HF are DAO token holder who immediately choose to sell their retrieved ETH and get out before Ethereum takes a long and steady decline .

They should buy Lisk, very cheap right now.

Yes of course, I have also written the "attacker" also wins if Ethereum is able to commit a HF. But I mean I don't even think they will be capable of doing the HF, because the "attacker" controls too much free ETH enabling him to economically influence the hashrate to not accept the HF.

Ethereum is a dead fly on the wall waiting for the final swat.

Cos its cheap..

Feel free to tip me at the address below

If there is a soft fork, the attaker's Eth is locked, or useless, how can he use the eth to influence the miners?

The miners he is paying won't be on the soft fork. They will continue mining on original Ethereum because they don't want their free tokens to be stolen from them by the fork. Who ever controls the most hashrate wins (unless the all of the ETH owners decide to only transact on a minority hashrate chain but that has double-spend risks).



Note the reason there might be demand for ETH is many people piling on short. Shorting removes supply from the market.

Hahaha just defined some people try to buy ETH with implemented for next time ETH will rise up and gain their price before got attacked but it's just an assume for some people. for me,i'm not interested in buying eth for now.Big holder will think again to manipulate ETH market.

This...huge selloff due to hack (likely sold off more than justified). Who knows where its headed next though...

there is blood in the water and people are generally really fucking stupid around here.

Yeah, there's no accounting for why people buy shitty-ass coins in general.   Is eth supposed to be dead or what?  I don't read crypto news, since I don't understand 99% of it anyway.  I'm sure it's all the bagholders keeping eth afloat.

I am not buying it.. but I am still mining it..  :D

I think so. But those bagholders have deep pockets. The Bitcoin dropped a lot today, but Ethereum is rising.

http://4.bp.blogspot.com/-PHtqLHjMaLw/TzMoNsCxK8I/AAAAAAAAGDE/hqBvt3wU65g/s1600/JohnWayne.jpg


http://1.bp.blogspot.com/-jZ74ggh0JAw/VaR-qiHTDPI/AAAAAAAAMBI/aFJJ-UhKkoE/s1600/StupidityTest.jpg

 8)

So more DAO is disappearing. No one really knows if it's getting forked or how it's getting forked. No one knows when or if it becomes POS. And it's still rising? Looks like this Vitalik guy has built a coin that cannot die. Who the hell wouldn't throw all their money at it?

We are discussing a project that mostly consists of a premined ICO coins where most of the coins are controlled by a very small group of devs and early investors . It is trivial to keep the price up under said circumstances.

What to watch out for is when devs start leaving , that is the sign reflecting a turning point where the premine is not paying the bills anymore.

over priced and over pumped by whales and their bots, simple as that.
teh recent DAO fud helped.....real or not.  as usual now it goes down....then pumps again. 
so stupid.

If you find the right timing, you could make a lot of profit. You might need a smart trading bot to do that.

Lisk has not shown relative strenght yet. This was the reason why I did not consider it as an real alternative to Ethereum. However, the last two days have depicted a different image. If it cross the $.50 mark clearly than I would consider to see it as an alternative for investment to Ethereum.

People love to gamble, and ETH is the biggest altcoin right now, which means is a good place to take some risks and try to get advantage of all those price swings and big liquidity. Some people take longs with margin trading and they are risking big amounts like 10 BTC. So if you go from 10 BTC buying at 12 dollars, and then only a 2 dollar increase can give you very good results. This is why there is a lot of action in ETH: speculation, its people trying to get more BTC.

We should stick to bitcoin. It seems to be the only coin anybody can still get into, use and sell. I know a lot of coins can do that now, but bitcoin has stayed true. Made millionaires.

Yeah right its still better to stay in bitcoin because block halving too is nearly done. I can buy ethereum right now because i already lose my ethereum few weeks ago when the price is gradually decreases because of dao..

Thought i seen you on the ETH Freenode channel ROFL
How did i know you would be "supporting" Ethereum ahahhaha

So.. how is them Carbon Coins you flogging' working' out for ya ?
Any more pictures of tree planting wind-grape vineyard's posted lately ?

"Supporting" any other SCAM coins there bud ?
Hint: i already know the answer ;)

Funny you showed your face after a year of hiding.. well at least in THIS section

Where Spoetnik lives ..welcome back to the bridge  8)

PS:
Ya buy moar cheap coins nomm nom nom LOL
Fuckin' little scammy Fraud  :D

GO GREEN BABY ..go green ahahhahahah

---

EDIT:
I was so stunned to see that guy pop up squakin'
I forgot to comment on the topic here LOL
YES i have REALLY been wondering WHY too.. WTF ?
It was a sketchy scene BEFORE the hack..
I think it goes to show how badly manipulated the coin really is
seeing how well it has done after a major hack.

This coin is pure manipulation.  Massive hack with no clear solution and the price keeps rebounding.

yes sir, nothing real about this crap and nothing logical at all about the rebound.

The Ethereum price dropped a bit recently, but it is similar to other altcoins. Litecoin drops more, so it is not specific.

duh ..the only people here are scammy corrupt deceitful immoral childish little pieces of shit.

coin is high ? buy buy buy..
coin is low ? buy moar cheap coins nom nom nom

WHY ?
Because they are waiting for the next pump..
That is how this bullshit has worked from day 1.

Buy anything cheap (who gives a fuck what)
Then wait and hope it gets pumped up in price.

THEN HOOORAY I'M RICH BITCHES !
And i have uber mega leet trading skills to BRAG about  ::)

It's all fake and bots man

Some people expected the Ethereum price to drop below $2 by now due to DAO hack. It did not drop so low, so they buy.

That could be true. Without the community support, the Etheruem price could be below $1 after so much fud.

But if a hack like that could not bring ether down, doesn't that mean that it is more stable than the majority here means?

Yes. ETH has the community support and devs BTC could only dream of. Yes it's early days for ETH but how many times has BTC been predicted to die?

Ethereum has a very small amount of "qualified" developers compared to bitcoin. Scripting smart contracts in bitcoin is intentionally difficult by design. Amateur developers scripting contracts places the whole EVM and community at risk by increasing the attack surface.


Few people expect Ethereum to "die". I do expect it to eventually capitulate like all the other proof of stake tokens and ICO premines. This will be a very slow capitulation like we have seen elsewhere.

most of the buys you see these days are either manipulation by the big whales and also these manipulations as always lead to many gullible investors to start buying again in fear of missing out which leads to some dead cat bounce.

That could be right. A Chinese company owns more than 400,000 Ethereum. It is in their interest to maintain the price.

That is totally insane to keep ETH in his bag... Better sold everything!

If you do not think the Ethereum price will recover after the hard fork, you should sell or short the Etheruem.

Ethereum project is going to get ripped a new one and start sinking very very soon!

I too can't understand why people are buying now (let's hope they are day traders). If you want to buy eth and hold I would suggest to do so in the first two days after the hf, definitely not now.

On exchanges the traders are still playing their game with ethereum, they can earn profit with it even in this time so they are earning that, and now it is not used for anything else.

In my opinon, all depends on the hard fork and whether businesses will continue support Ethereum or not. By now, it seams to be the best blockchain solution for most companies which are interested into the blockchain technology. If Eth lost the trust of them, then it is time to sell. Thus, just wait and see what will happen.

I think that many companies lost their trust, price crashed and recovered but the mid trend is down in my opinion

On the contrary. A successful HF and companies will have seen the strength and determination of the ETH community to work as a whole. ETH is a long term hodl.

Unfortunately we can confirm through this type of illogical market actions that all the altcoin world has already detached from real parameters to value any coin and its price is only based on mere speculation. These days ethereum should worth $0.01, but market is giving it an unsustainable and inexplicable $11 or so.

The market determines the price. I think the Ethereum is worth $50 after the hard fork. But it might not reach that price.

Noobs with too much money pump garbage, they don't know better. Their pride tells them to do so. They can't start at the bottom and work the way up, they are so proud, they need to start at the top and work their way to the bottom. They'll learn later this was money to the wind. If i want swiss cheese i order it directly from swizerland.

Pumping in and out money doesn't give it value.

stuff like this shows that the alt scene is like the internet in the 1970s, let alone the early 90s. growing pains should be happening in labs without anyone's money on the line. greed is distorting things so much that it's destroying concepts that otherwise might have a bright future.

in case of ethereum those pumping it are no newbies, they are big whales that did a very long term investment from the very beginning of things and they have been changing the price up and down so many times to fill their pockets before they dump the project and move on to the next.

That is right. The Chinese are big investors now for the Ethereum. They also have about 35% of the pool hash.

Starting to think that it has to be quite a well capitalized group of traders to spoof support for this long. The volume isn't even indicative of a pump IMO, it's like people forgot they had eth in wallets post fork.

I noticed the big rise of the hash rate in the past 6 months. 6 months ago, there was no big Chinese pools, now it has a few.

ethereum can be mined but usually its an investemnt unfortunatly the big days of income may already occoured

ETH is a long term hodl so why would they not just forget about their ETH and get on with their lives?

Because literally one of the largest clusterfucks in crypto history just unfolded over a very protracted month. I'm not even trolling you, just offering perspective. It would be like forgetting you shouldn't read a book while driving a Tesla. It should still be 'too soon'.

this sums it up pretty well for me. paste below if you're an adblocker.

http://www.forbes.com/sites/francescoppola/2016/07/21/a-painful-lesson-for-the-ethereum-community/#4595713a5714


A Painful Lesson For The Ethereum Community After a torrid few weeks arguing about what to do, while the DAO became ever more corrupted due to repeated attempts to recover the money without fixing the code problem that made it impossible to prevent the money being stolen again, the Ethereum community has finally bowed to the inevitable. The DAO code has been rolled back to a point prior to the original attack – a “hard fork”. Ethereum has had its first bailout.

The majority of Ethereum miners have agreed to this. This is hardly surprising, since a lot of them had invested in the DAO and it meant they got their money back. The puritans who objected to the bailout on the grounds that it fatally compromised the “immutability” of blockchain were never going to win. Accepting large losses for the “greater good” is the province of saints, and there aren’t many of those around these days.

Equally unsurprisingly, the tech geeks at Slock.it are now patting themselves on the back for their genius in solving the problem that they caused in the first place by putting live a bad piece of code after inadequate review and testing. “What an accomplishment!” cries Christoph Jentzsch:

Separate from the discussion of whether a hard fork because of the DAO is a good or a bad idea, the very fact, that the Ethereum community (devs, miners, exchanges, researchers, …) has come together, often setting personal opinions aside, and successfully managed a hard fork in this situation is truly remarkable. Given the time constraint, the fact that we were able to come to consensus on this matter is an outstanding accomplishment.

We are able to hard fork!

Reaching consensus is an outstanding accomplishment, when the majority of people involved faced losing a lot of money if they didn’t reach consensus? Really?

It is frankly unbelievable that anyone seriously thought this was a prisoner’s dilemma. The community had nothing to lose by voting to fork, and everything to gain. The remarkable thing is that there do appear to be a number of holdouts: Ethereum guru Vitalik Buterin says that 85% of miners have voted for the fork. The remaining 15% are presumably either saints or had no money involved.
Christoph’s self-congratulation then heads for the bizarre:

Although some do question the analogy “code is law”. I do not. We just found out that we have a supreme court, the community!
Oh dear. Christoph seems unfamiliar with the concept of “tyranny of the majority”, and the reasons why legal systems in civilized countries generally do not allow a majority of self-interested people with their brains in their wallets to amend the constitution to suit themselves. This isn’t a “supreme court”, it’s a cabal.

The fact is that Ethereum has compromised its principles in order to rescue a client. Or, in the language of another world, the Ethereum central bank has directly recapitalized the DAO commercial bank by monetizing its debts. I could wax lyrical about the incestuous relationship of Ethereum and the DAO that made this decision inevitable: DAO investors and Ethereum miners are to a large extent the same people, and even some coders have money in the game. Moral hazard, much?

That said, there really wasn’t any other viable alternative. The DAO was fatally corrupt. There was no way of bringing the attacks and counter-attacks to an end without fixing the code, but a permanent fix meant a hard fork. I suppose the community could just have written off their investment, put it down to experience and moved on, but….come on, this is banking, really. If you know you might get bailed out if you lobby hard enough, what do you do?

So now the question is – how does Ethereum avoid more bailouts in the future? Well, writing good code and testing it properly would help, for starters. After reading a lot of stuff about how no-one could possibly have spotted the code problem, I had a look at the code myself. It’s not my language (I’m an RPG geek), but it’s comprehensible.

That code would not have passed any code review I was doing: it did not maintain the integrity of the data it was manipulating. However, I was of course looking at it with the benefit of hindsight, and even the best code reviewers miss things. But Ethereum needs to be FAR more rigorous about coding standards, review and testing if it wants to be taken seriously.

But there is a wider issue here. Has this bailout set a precedent? In an interview with the Wall Street Journal’s Moneybeat, Vitalik Buterin said it hasn’t, because Ethereum is still being developed:
“I totally get both sides,” Vitalik Buterin, the creator of Ethereum, told MoneyBeat. He said the reason he supports the fork is that Ethereum is still in development stages, and isn’t fully formed. As it grows, forks like this will be harder to do. “I don’t think the way things are done right now are precedent setting.”

Buterin has just dug himself a very large hole. The unfinished state of Ethereum should have been made clear to its investors – and those who invested in the DAO – up front. No way is it ethical to persuade people to invest large amounts of money in a product whose key selling point is its immutability, then when it goes wrong claim that it wasn’t ready for release and needs to be changed. It’s perhaps going a bit far to call this a scam, but it is certainly weapons-grade naivety to imagine that code thrown together in a hurry without much in the way of testing should even be put live, let alone sold as “immutable”. Seventeen years of working in financial systems taught me that you just DON’T take such risks with people’s money.

The problem with deciding that Ethereum, and by extension the DAO, are still in development (rollbacks are part of life), is that they are in fact live as far as their users are concerned. Never mind the code, the problem is the data. Data in a live financial system should not be changed. That is true even in existing financial systems.

The Ethereum community has agreed to a change that makes their system less trustworthy than a conventional financial system. For a technology that aims to disrupt conventional financial systems, that is not clever.

But even less clever was the decision of Buterin and his fellow geeks (well, if it even was a conscious decision) to test “in live”, taking risks with their user community’s money in order to prove their system. Admittedly it is funny money, but as the funny money is convertible to real money there was always a risk of tangible losses for investors. And as investors didn’t realize they were being used as guinea pigs, bailouts were – and probably still are – inevitable. Refusing to bail them out would be a major breach of faith.

Bailouts aren’t a community decision, whatever Christoph may think. It is the decision of the geeks that matters. This hard fork was only possible because the geeks decided to make it possible. Fundamentally, “to fork or not to fork” is a technical decision. So it is the geeks, not the investing community, that really run this show. But to preserve the illusion that the community is in charge, they have to do what the community wants. And the community wanted a bailout. So they had to provide one, or the game was up.

The “ Vitalik put”, as FT Alphaville’s Matt Klein dubbed it, saved the investors’ bacon this time. Whether or not they would be saved again depends entirely on whether Buterin thinks they should be. And he is hedging his bets. He hasn’t exactly said that this is a one-off, has he?
But people believe what they want to believe, as this comment sequence on the Ethereum Reddit stream shows:
Ethereum bailout

Translation: “Vitalik says there won’t be any more bailouts. And I believe him”. Such touching faith.
Ethereum is only immutable because Buterin says it is. Until he changes his mind. Which he inevitably will, next time there is a major loss. His investors will expect him to, since – y’know – the system is still “in development”. And he will agree, since – y’know – the community is in charge. It’s all smoke and mirrors, really. Now where have we seen this before?

The Ethereum community is painfully learning why, after thousands of years “in development”, banking works the way it does.

The called ATH - all time high

Seems hold baggers were right...

ethereum will be make a good start and i think it will be increase by the rate, i do not know but my feeling said that. but i think we can make more money if we can make short position while we see the market position of the ethereum and any news out there.

Beats me, probably because the corrupt establishment wishes the price to go higher so it does. Ethereum has failed their mission. It should be below $1 right now at the least.

Maybe it should be below 1 dollar by now, but the Ethereum users think it should be worth 15 dollars now.

all i can say is i may have sold too soon at .0210500  lol

I think there are those people who have a lot of ethereum and they want to increase its price so that they sell their coins remaining in their wallets, so that is the way with them, and so they are giving air to ethereum.

i see this 'centralized premine eth whale pumping' thing repeated constantly. at what point do they feel they've made all the money they want? i'm gonna guess never in which case there's no point complaining about it. you might as well hop on board the pump train.

That is right. If you do not like the Ethereum, just stay away. If you miss the initial offering, and still think it is good, buy some.

I don't think so because it is just fluctuating price of ethereum and it is time for price of ethereum going up. And it is normal every cryptos coins are always has fluctuating of price. Today price of ethereum going up you should sell ethereum not buy.  ;D

Some people are even buying the ETC (Ethereum Classic), it seems people are very interested in the Ethereum technology.

I would not recommend buying the ETC at the moment. The hacker has 3.6 million ETC to dump to the market.

The ETC price is rising fast at the moment. Maybe the ETC big owners are also the DAO hacker or related?

Bingo!!!  It's all another game.

I am sad to see the DAO hacker will benefit from the stolen funds. Maybe I should sell all the mined coins.

While it is admittedly a peripheral point:


I seem to recall reputable reports that for a time, Bitcoin mining was driving more than half of high-end graphics cards sales.

seriously? there are tens of millions of pc gamers around the world. how many people in 2011-13 woulda been mining bitcoin? 10,000?

How many gamers run dozens of GPUs at the same time?

First hit in a huge list returned by google: http://www.extremetech.com/computing/172381-massive-surge-in-litecoin-mining-leads-to-radeon-shortage (http://www.extremetech.com/computing/172381-massive-surge-in-litecoin-mining-leads-to-radeon-shortage)

Nvidia and AMD are publicly traded companies. We don't have to speculate as to were their profits are coming from. We can directly compare our hash rate at the time to their profit reports. Crypto was a drop in the bucket of their sales! This is just a fact.


a Shortage is merely due to unforeseen demand and inaccurate inventory forecasting due to some new demand. Stores necessarily have to have tight inventory. Being a drop in the bucket of sales doesn't remove the potential for there to be local shortages in some stores.

Not that I think that is implausible. After all, I am just parroting what I had heard. But... What are the figures?

I started to do the math than realized no one could possibly know either way because there is no accounting for how much of that hashpower about 10TH/S growth in the year preceding ASICs came from existing CPUs/GPUs repurposed and how much new purchases . My impression was that it was a drop in the bucket because full node rate was still very high back than(over 100k ) leading one to believe that many of those nodes were mining in decentralized manner and not centralized farms . The second bit of evidence is AMD/Nvidia werent really marketing to btc at all. Lastly, we didnt see a sharp uptick in nvidia /amd revenues during 2012. I'll admit because of those unknowable variables above it is impossible for us to know exactly as it may be that other sales within amd/Nvidia sharply dropped and were picked up by gpus for mining. I doubt this , but cannot be conclusive.

The hashing rate of the Ethereum (ETC+ETH) is about 4700GH/s now, that is about 174,000 R9 390.

What was it pre-forking?

I dont understand this shit at all, ??? All I know is I'm riding this wave successfully and its all I care about  8)

because people still want eth up to 0.02 or even 0.03 but after etc launch, the rate still down until now. there are many pump to make the rate is up but not so close in 0.02.

I think the ETH will trade around the 0.016 to 0.022 range until after the ETC is kill by dumps from various parties.

Do you guys think ETC can continue to suck the life from, and possibly kill ETH, or will it die soon?

No. And. No.

Next.

well i dont like eth though i still do some trading with it because right now is the time that can make me some big profit out of trading eth and etc, though eth is going to lose value over time while etc will grow

It is OK to trade between ETH and ETC pair. The volatility is very high, so there is potential to make good profits.

You can go for a long-short strategy depending on which you think will be the ultimate winner.
Of course, these are leveraged bets and your capital can get wiped out quickly if you get the direction wrong.

ETH will be the ultimate winner as it is supported by most of the community. But I might trade ETC in short term.

I'll hodl all my ETH and the ETC criminal coin. I won't sell my ETC criminal coins because I believe all true ETH hodlers and believers should abstain from the ETC criminal market and deny the market fluidity.

im holding both of them either, in my opinion the price of them is going to increase a lot in the near future and it will make me huge profit easilyy

I mine the ETC and sell the ETC to the people who like to buy it. I provide the market liquidity for them.

That is good attitude towards to the ETC. Mining ETC is some times profitable. But the hashing rate has dropped in the last few days.

The hashing rate is similar to the price of the ETC/ETH. So there are some miners switching between the two.

ETH is almost centralized and even ethereum foundation seems to be doing price manupulation which can be proved when they caught trying to sell ETC they hold to buy back and pump ETH price few weeks ago. So actually the one who buying ETH right now and supporting price at this bottom are whales and ETH foundation itself.

Honestly i dont know if those supporters are whales.. because we know ethereum before its already rise and confirm that there is a potencial to grow..
Look at the coinbase they are now also have a wallet for eth. So it means eth also have a good potencial to grow in the future that can be a second alternative for bitcoin..

ETH was never meant to be a currency...
So it's all about whatever tx the vaporware pipeline can generate.

Why would anyone care? just people were always like this, they do things that doesn't make any sense or not in reason.
But again when it comes to crypto currencies and such nothing is certain and they might lose all their interests in a day.

No. After doing some research on Ethereum they do not have a platform that would scale. In their current model the dapps will have errors and failures when the transactions increase in the platform. Vitalik is aware of this so it would be smart for him to slow down development and keep it small. That is the opposite of having good potential to grow. Maybe only grow the price of the coin but not the platform. :D

Ethereum platform grew too fast and too big in short period of time - too short. It is fairly obvious that this state will generate problems of various magnitude.
We could observe one big problem - DAO hack, I am sure that there will be more, plenty of problems.

The only redeeming factor is that ETH has great, dedicated devs team, so although centrally controlled ETH is still growing. Which saddens me.

WOW Minecache what a god damn fucking fraud !
You got some nerve creating all these topics bashing ETC then admitting to holding them "for profit"
..like that is some legit excuse for supporting a coin you consider to be a scam.
You are sickening.
And the rest of you and your retard ETH trading advice make me laugh.
This ain't the stock market kidiots..
These are scammy ICO shit coins made for profit with no bloody future.

in a FREE Market with pretty much NO laws.
Which means the comparison to the real stock markets end right then and there.
So all your little endless stock market jargon you throw around to "legitimize bad" is a joke.

Do you scammy little idiot profiteers know there was a time when no one uttered the
words.. ICO.. IPO.. White Paper etc ?
Yeah true story !
You scammy ass profiteers came late to the game and made this shit scammy then tried to justify it.

At the end of the day not a god damn cotton pickin' fucking thing has changed years later.

NOTHING.

We still see THOUSANDS of "coins" and climbing with no end in site
and not 1 of them has accomplished a god damn fucking thing !

All you kidiots do here is loiter around chanting your cliche'd mantra's
Spouting off the same tired ass cliche'd commentary over and over and over and over..
And 90% of them are by brand new NOOB ACCOUNTS !
That does not tell you something ?
It does not concern you that all these so called experts have 45 posts ?
(all of them from account farming or showing up to shill 1 coin)

Seriously are you all that stupid.. or that sleazy corrupt and greedy ?
I think the later.

What kind of a bloody moron could look at ETH and every bit of it's history since 2014
(before 99% of you talking up ETH even had accounts here)
and think they are worth $12 each ?

Like seriously ? Really ? What the fuck is wrong with you people ?

When you look at this scammy sleazy bullshit and CHOOSE to be a part of it deliberately i have no respect for you.
If you started before it got nasty and ridiculous then fine but seeing it now and saying hey
..i wanna buy shitcoins for profit ?
Sorry no you are worthless cancer to crypto sleazy douches.

Get some fucking integrity you slobs.. you make me sick.

Ethereum is just amateur hour.  I think other projects, if they were to hit $1 billion, would advance the cause of cryptocurrency a lot further than Ethereum could ever hope to. Ethereum only ever raised $20 million and they liquidated their foundation pretty quick.  Meaning no money is leftover for global expansion and marketing.

right now, ETH wants to take first position in all market, because i think the traders want to make pump and want to bring back the rate to 0.02 or even up to 0.03, but i think it needs a time before its really up. and for ETC, the rate still go down, i don't know why, but maybe its just panic sell from traders. i wonder if there is another varian from ETH that will be launch in this year. would it be good for ETH or not, let see what will happen later  ;D

The Ethereum platform grew too fast? Or do you mean the ETH's price grew too fast? Because the platform has not even grown into anything. Do you see dapps that are working with hundreds of thousands of people using them regularly in their daily lives? Are the transactions in the Ethereum platform at par with bitcoin?

There is not even real use in Ethereum yet.

Before the exposure of the DAO to the attack and the hard fork I would have argued against you. I thought Vitalik was a boy genius who would save the world. I even watched the feature of him on BBC. Now yes. Ethereum, the foundation and Vitalik is just amateur hour. They do not know what they are really doing.

And what are you saying that the Ethereum foundation is liquidated?

https://www.reddit.com/r/ethereum/comments/39ql68/who_is_driving_the_ship/

Making a reference to the Skype Chat Leaks.  Happened before the DAO.  Pretty much the inner circle of Ethereum admitted they pretty much blew through $20 million like drunken sailors and they were going to have to shut down.   The leaks also showed what they thought about investors and this was really foreshadow for the stuff we later saw in 2016.

 By chance of miracle, the pump to $1 billion just happened in time to bail them out a bit but the foundation by now, I imagine, is probably nearly out of money again...

Just as I predicted. All the Ethereum foundation is doing is waiting for the money to run out then call it quits. Even if they tried to find investors to give them money no one will be willing to invest in them because of their incompetence and corruption.

I made a thread about bots on Poloniex and I think it's a number of people just using bots against ETH to create it's volume. The more people that switch there bots to other currencies the more the ETH price will start to fall. Until then even 10k btc in bot programs can keep the marketcap elevated like this.

I'm not buying ethereum back yet. I'll wait for it to go a lot cheaper.

How much ETC can drop in price? Is it a good time to fill the bags?

I am the same as you. There is no demand for it and there is now doubt with their development team because of the sloppy hard fork. Also the attempted dump of ETC by them also made them look bad because it really looked like they intended to destroy the classic chain.

When is the next developer convention for Ethereum? It would be good to know if the attendees are as many as the past conventions. That could be used as a barometer to measure the interest of the people in Ethereum.

This September i guess here in Asia still, i believe the next developer convention for Ethereum is in Hongkong.

There is a demand for ETH, they are regularly used as gas for tokens to be sent. Right now is the right time to buy ETH for its still cheaper don't believe those who kept fuding about ETH. of course they do have their own intention. you need to learn how to coin operates before listening to these fud.

i am thinking the same because i have been waiting for a big pump in ETC because it has been waiting for a big pump but i guess since the manipulators are only working with ETH they don't pump ETC for the time being.

I do not think there will be a big pump for ETC. There are many big owner are the supporters of the ETH. They will make sure the price does not rise.

Ethereum will pump like monero did in a couple of weeks.  $50 probably soon.

I can still buy Eth i saw eth on exchange website and eth is working with the best developer so they can maintain the security of the website after what happen and their a lots of sponsor who can support ether i am also waiting for the big pump and hoping that eth would be fine.

I think it is possible only if it happens but highly doubt it.

you should actually start buying now for it will go up later. $11 isd the cheapest you can buy them for now. you won't be seeing this price later so if you missed the last stop, this is your chance buy now for there's only one way ticket left.  ;D Bear in mind that the price is what it is and is a good indication for a good coin to have. the people who holds it understands what eth is made of.

I think so. Any price below $20 is good to buy. There will be a big conference in China in three days.

I hold back my judgement of ETH when the next big exploit on a big ethereum contract will be discovered.

Is there actually some statistics on how much ethereum there is in each of the public contracts on ethereum ?
The DAO was a crazily high fraction of ethereum, but what is the next biggest thing on ethereum ?

Only few days away before the conference but there's no sign of massive pump coming. Perhaps the conference is not a big deal.

for me, buying eth is like make an investment and i do buy when the rate is 0.017 yesterday and now its reach almost 0.02 and i think it will be back into up to 0.02 like before. just waiting for a good news from the dev and the community. i only buy for a small amount of eth.

i hope you've all filled your bags. Price going to $20 soon.

I dont think there is any pump for now, no panic trade.

The price of the Etheruem just rose 15% in the last two weeks. So it is just a small pump, there is not usual.

Okay, thanks just trying for falling into eth with hoping the result will same like you, maybe if it's just a little but that is a profit, every cent is really valuable.  ;)

I couldn't agree more with you. However, the truth is that there is still a lot people buying it. Yeah, there's the bagholders but there is also the whales who are just accumulating to then flood the market and push it to the ground...

u just wait and see ;)

Credit to the whales who continuously pushing the price up, hoping it goes really well in the end.

because ethereum eth good coin
good community and good volume transaction
so every ethereum down and low price so much people can buy ethereum
and hold and up again selling to take profit

most people around these parts are only buying hype, they don't care what the name of the coin is and why it is going up or down. they only see the hype and see many others are talking about that coin so they start buying it and helping the pump grow bigger. and this has always been the case with ETH even from the start. there is no coin in existence that could have had this much premine and on top of that grow this fast.

That could be true. There are more applications based on the Ethereum.

Akasha Wants to Put Social Media on the Ethereum Blockchain

The past few months have had quite a bit of news concerning platforms like Steemit, Synereo and the Yours Network. A new platform is launching this October called Akasha, which means “’ether’ in both its elemental and metaphysical senses.” The project is a social media application that splices the Ethereum network and Inter-Planetary File System (IPFS). 

Akasha is the brainchild of Bitcoin Magazine creator and Ethereum co-founder Mihai Alisie. The project aims to be a censorship resistant internet publishing site with many of the features found on traditional social media apps.

By utilizing IPFS, the infrastructure of Akasha will reportedly have no central point of failure or bandwidth issues. Additionally, using the Ethereum network as a backdrop, developers say, the project doesn’t depend on servers. The developers behind Akasha believe, with the cryptocurrency solutions we have today, users deserve a better social media model.

This October, the Akasha team will gradually send out invites to 4,500 people. Alpha subscribers will be able to test the dApp on several operating systems, observe smart contracts, and hopefully, identify potential flaws and bugs before the public alpha. The team expects public alpha to release towards the end of Q4 2016.

The team says the first releases of the Akasha dApp may be unstable and have a few bugs. Developers explain this is a “tradeoff” for being one of the first projects to bundle technologies like IPFS and Ethereum. Both projects are in their infancy, and unexpected behavior will happen, but developers say they will “iron out the bugs” quickly. The team also asks users for feedback and to open bug issues via their Slack channel.

Akasha developers say throughout the first phase ETH will be the platform’s currency token. In time this could change, but the Akasha team wants to test the advantages and disadvantages first before introducing a native token. Besides using Ethereum and IPFS, the platform also utilizes Electron, React with Redux, and Node.js on its technical stack.

i shorted eth, hope it works out well..

i only have a few eth and i hope i can make good profit for trading eth-btc. i see on poloniex there is a good movement on the market and i only hope that the price is increase soon so i can sell it for more profit.

well we just can wait the destine of eth, eth can survive because there are some company who already invest in it, after the fork eth took quite hard beat down, now eth is slowly regain its position but it wont be as good as it used to be, we just can wait and see whether eth can regain trust by its user or they will perished into no value coins

I've got a gud healthy bag of ETH and I'd encourage all serious crypto investors to hold some.

this now eth righ time to sell
not buy, because ethreum is now is high price

I think it will take a dip in the short term

Ive been hesitating to buy more eth's  on the  past regarding on the issues but now  im somehow regretting i didnt do  such thing when i saw the price as of today. lol

The Etheruem price is almost multi month high at the moment. If there is good news, the price will be even higher.

It has a good future and its going up and down, a lot of people think it has a good future and I must say that I also have faith in it but we still have to see this of course!

The Ethereum is still supported by a big community.

https://www.reddit.com/r/ethereum/comments/56yks4/ethereum_denver_wednesday_october_19th/?st=iu5pqo4d&sh=f9b22870

"Hi everyone -

(Ohh just noticed we're at 299 members. 300th member gets a DAO t-shirt and limited edition collector's plate.)

We've finally recovered from Shanghai and 14 hours of jet lag. Time for a meetup!

Devcon2 was an incredible conference. The amount of talented developers and entrepreneurs out there was mindblowing – and it made me much more confident in the entire Ethereum ecosystem.

Denver was very well-represented; we had no less than three members of our community give talks: Zooko (Zcash), Raine Revere (smart contract security), and Greg Colvin (on Ethereum's EVM). Meanwhile, Piper Merriam received countless shout-outs from the stage and spearheaded a special "Devcon2" coin project for attendees. The always-innovative Shapeshift.io team was also in the house.

So it was a helluva time. For this meetup, we'll cover some of the key takeaways and projects from Devcon2, and (depending on who's attending) even do a panel discussion on the conference. I'll also walk you through what I see as some of Ethereum's significant challenges and opportunities over the next 6-12 months.

As always, there will be plenty of time for chatting and discussion. And if you're just starting to explore Ethereum and Blockchain, you'll find plenty of helpful and enthusiastic people to answer your questions.

Agenda:

6:30-7:30: Order up food/drink, hang out

7:30-8:30: Devcon2 Recap

8:30-9:00: The (Near) Future of Ethereum

9:00-10:30: Hang out some more

About the venue:

Those of you who were around back in the day (over two years, which is more like a decade in crypto time), will remember Sidewinder Tavern. I'm happy to announce our return to that venue, which is under new ownership as Globe Tavern and is cooler than ever. There is also a full BBQ menu and plenty of beer.

See you soon,

Kent"