Bitcoin Forum

https://www.reddit.com/r/ethtrader/comments/4rbff1/what_will_happen_to_exchange_trading_duringpost/

Since Eth was just a banker backed scheme to try and co-opt Bitcoin and replace it with a premined, permissioned ledger, I'd say zero is too high of a price.

People already started hedging ETH with all kinds of alts, AMP is one good example.

Long time investors slowly losing confidence on ETH, could be headed back to ICO price.

I think we agree.. last while i have been thinking that.
"Long term ? since what start of 2016 LOL"
..no once cared in 2014 remember ?

I see interest waning.
This will cause the cabal of organized crime propping it up to pull their $12 wall
and then look out !
The momentum will start out slow but it will build.
Like pulling the wood blocks out from a car parked on a hill.

There is not much holding up that 1 billion dollar market cap.. except greedy profiteers.
And not many of them either (and Butterin & Friends know this)
There can't be very many users in ETH..
Bitcointalk only has an average of 2,300 user here per 24 hours.
You'd think a coin with a Billion dollar market cap would have 230,000 users here talking about.. DAPPS  :D

Be careful "playing the game" people.
And don't forget "Free Market"
When you get burned you can't just call the Crypto-Cops  ;D

This is horrible. It is true that holding a major stake is harmful (the attacker) during the POS phase, but it is much more harmful to the coin and ecosystem if you push for a fork with which they go against everything that cryptocurrencies truly stand for. How could anyone in their right mind be in support of coin control? You're taking decentralization, immutability and censorship resistance with 1 blow. It has started going down (deserved it though):
https://i.imgur.com/aIawK34.png

The ground is the best for ETH after this mess.

as low as you can please,

ready to pile in as mining keeps getting more difficult , each day is a new hash record...

You people don't understand anything. This is Vitalik's plan to take value out of the stolen ETH. It will all be worth zero, so no biggie.

I don't think you have any clue about the important values of cryptocurrencies.

No, you're the one who doesn't understand anything. This is centralized planning and destruction of immutability of such a chain. If Vitalik's plan is to take out any intrinsic value that blockchain has, then he's going towards the right direction.

time will tell which values were important , mr cluefull

Have to agree with you here, I was surprised when they even considered doing this it really does make a mockery of what it is all about in the crypto world.

I can see a lot of bloods in the street, which correlates with my price analysis. It will soon be time to buy, give it a few week more of painful way down  :-X

Before Eth goes to zero (could happen), r0ach will hopefully be able to go to anything other than zero

he's been sitting at zero intellect for way too long

~CfA~

That sums it up.
Total centralization and proof of authority!
Any idea what immutability and censorship resistance means? That's the whole point of an open blockchain.
The whole Ethereum situation has become ridiculous.

Hey now.. you only get 1 more of those LOL

He's my FUD buddy  ;D
At least when he ain't hawking Monero hahahah

I just wanted to say with a mini-rant.. (Patent Pending)
I agree with Lauda's various comments on the DAO last week(s) (he summed it up pretty good best i can tell)
Sometimes we agree & sometimes we don't and that applies to all of you ;)

$ 10.16 (-11.79 %)
I see..
http://coinmarketcap.com/currencies/ethereum/

I am not a huge fan of trying to tell people what to do with their money.
But be careful !
Trying to be a longer term investor in a coin project when surrounded by greedy profiteers
is a recipe for disaster or long term delusional bag holding  :D

One day.. one day.. i swear those NameCoin's will be worth $10 each i mean it !!!111
Meanwhile, you could have made more leaving your money in a savings account at the bank  :D

Looks like who ever kept pushing it back to $12 is gone.. new wall at $10 ?
Or has Butterin left the Building ? hahahha

He told you all he already cached out 25% of his "holdings" i think he said..
So the rest is probably all gravy for him.. ETH made him rich !
Kinda funny because who knew he was a MILLIONAIRE BEFORE Ethereum ?
So.. he probably would have no problem dumping on ETH hard.. AGAIN  ::)

..just chant moar cheap coinz nom nom nom

i hear this kind of point only by bitcoin hooligans and such

in this situation i'm just an observer refilled with popcorn (so please, don't call me ETH shill once again),
in my opinion the ethereum team is doing everything possible to avoid a "destruction of immutability", if you think about it they didn't fork the next day of the attack, they are open to technical suggestions and they do not lead a proposal but leave the choice to users.

the problem is that most of the people are just able to write some lame ass post on here or reddit instead of studying and proposing the right patch and so they feel cut out from the process... that is happening right now

This is what happens when you're fueled by greed. Aside from potential profit, there is zero reason for someone to stay near ETH.

I don't think that the majority of the users understand the intrinsic values of the blockchain. Andreas A. has some good talks about this.

So tell me again how V.B. didn't get the exchanges to stop trading in order to avoid panic? This is not how a decentralized system should work. Regardless of when you decide to fork, if you impose coin control or blacklisting, you are going to destroy the immutability. What they plan to do is essentially a rewrite of the blockchain - ergo the chain is mutable.

not sure if VB but for sure someone from the ETH team asked exchanges to halt deposit and withdrawals, that's reasonable if you suspect there is some fork going on (remember was in early stage of the attack, they didn't know the causes yet)

then, you can be VB or Satoshi, you can scream all over internet about stopping to mine/trade ETH but if you don't convince the majority you don't get a change: this is how decentralized system work.

destroying immutability? in this case we talk about a bug in the code with consequent theft. to mutate a chain in order to fix a bug is not destroying immutability but making it stronger looking forward to the future.

but i repeat, this is the way i see it, sitting on my beach and drinking a cocktail without any ETH in my portfolio  ;D

They were well aware of what was going on at the time.

I don't think that you understand what immutability actually means. ETH was all about "code is law" and other nonsense (that is now being thrown into a garbage can) and yet they're trying to manipulate the coin balances directly. The losses created by the bug are trivial and well deserved because fools have put a ton of money in a single DAO (remember: "don't put all your eggs in one basket").
Comparable scenarios in Bitcoin that I can think of:
Mt.Gox theft (which was also presumably based on a exploit) - The chain was not rewritten.
Sidechain bug (in the future) - Bitcoin's blockchain will not be rewritten.

if this will be the case then i totally agree with you, considering many of the team have invested themselves loads of money in this DAO it would only show that somebody interests are > than blockchain immutability

but if they only care of fixing the bug and give the users/miners the possibility to choose about the path to follow and the funds to be saved (link (https://www.reddit.com/r/ethereum/comments/4r9yud/the_current_hf_status/)), then i find it reasonable and in line with a decentralized project. you cannot assume that code is 100% perfect at first release and incidents like this are needed to even understand how to make it better.

i would not compare MtGox with DAO attack, my opinion about the first one is that there was no bug, just a greedy admin

Useless or not, Eth is still in beta, all of the HF whining is nonsense.

Vegetablepin , they know that, but thats what daytraders do. When they see an opportunity to buy cheap, preferably cheaper, they FUD, make some profit and start again. Nothing really changed since after the drain of a portion of the ether invested in dao, and exchanges are doing the logical thing there is to do, nothing weird. But the fudders have to make it look like an apocalypse because that is their job.

They were talking about it all the time, for both ETH and DAO. There is no room for a bailout like this in a decentralized system that is governed by code. It would only be fair if they would publicly renounce their claims.

The same option stands for the DAO creators, they might have snuck in this exploit on purpose. That's just speculative talk, since we can't know for sure.

Everything is still 'in beta', and no the "HF whining" is most definitely not nonsense.

It is only FUD is we are talking about deceptive information, which is not the case here.

you are just as speculative , only on the retarded side , HAVE FUN!!!!

So Litecoin on coinbase, right?

THIS.  :)

Because when you compare a bicycle to an air-independent propulsion system it's the same thing right. Ah, doesn't matter if the tires are a little flat, just hop on go right? Your bicycle's beta and my beta are pretty much the same so let's just generalize them together.

Beta ? LOL EPIC mETH head Retort Fail #378

BETA ahahahhahaha ..nice try NOOB  :D

Hey here's an idea if it's beta then keep that scammy crap on TestNet and leave it off exchanges until it's production ready.
But i guess that hampers the whole ICO vaporware future "APP's" scheme coin platform Fuel Tokens profit deal
..launched in 2014 huh ?

I can't believe how big DAPPS are WOWOWeeee
Looks like Butters was correct the world was clamoring for a Block-Chain based "App's" platform.
Or are going with smart contracts now ?
Me i just call it a "Not A Currency" scammy coin "Scheme"  ::)
..for profit

To 0 we go.. the faster the better (or should i say Beta ?)

There's not really a need. Users are at the risk of problems and solutions. You took my response out of context, but I appreciate the concern.

Actually I don't know how Eth has managed to survive so far. But I suspect that its days are numbered and I don't think it can survive until the end of this year.

I wouldn't even short this shit right now. Market manipulators could try to manipulate a rally and squeeze all the shorts into closing their positions at a loss, which could drive the price up further. Just let the miners dump this thing down to oblivion, until they can't profit anymore. Then the network can freeze and we can euthanize this shit.

New proposal for Ethereum logo:

https://i.imgur.com/jjBqirB.png

Well if you can ride it out, short this shit to the ground.  ;) Whatever it takes take get rid of this filthy pest on the altcoin community.

To much money and power behind ETH to go to 0 along with the many die Hards. I could easily see it going back to IPO price though.

Wish I had some spare BTC to short it.

Approaching my 3-5$ buy target for this summer.

I started writing a long drawn out post about this thread, but i got about 3 paragraphs in and realized that those "newer" posters (which are either truly new or just shill accounts) will either ignore or debate why everything is perfectly ok with pictures of unicorns shitting rainbows.

With that said, I've stated my point, which has made it to both crypto and mainstream media. The ridiculousness of how this was handled was a complete of utter failure of leadership, mixed in with what im feeling more and more with unethical actions from those parties.

Pay heed to those who are more experienced here newer people that do not know better. We do not post because we want something to succeed or fail, but rather warn of the potential deficiencies in something. This will ripple beyond the crypto community and will have ramifications beyond one coin. Greed will harm us all.

"Hello my friend"
Thanks for the comment.. that it was.
Interpretation of course for the user.
My response is for you and i have heard your concerns.
And i can respond accordingly just let me know.

Oh and yes please lets change the icon !

I repeat myself so much i need to quote myself all the time like Shelby does.

Here is an oldie but a goody from Spoetnik ;)

"Nothing is worse than taking trade advice from Bitcointalk users..
..except taking trade advice from NOOB ACCOUNTS at Bitcointalk"  ;D

Said it before and i will be saying it again..

I also made a topic trying to discuss the matter and it was of course deleted 2 days ago.

By the way even if you have 20 years experience in the stock-markets with FIAT
it wouldn't matter.. this is Crypto a scam scene with n regulations.
So NO ..i don't care if smug / cocky big shots stomp in here with their "opinions"
..fuck 'em !

So where does ETH exactly fit into this comparison? Oh right, comparing a little garbage can to an air-independent propulsion system such as Bitcoin. Good to know.

Indeed. It is really pointless to try to spread logic into the minds of those 'people' when think that they're right no matter what is presented to them.

I definitely agree + this raises some very troublesome questions, e.g. If my own smart contract fails, do I get bailed out as well? If not, why not? This reminds me of the FED and their "too big to fail" statement.

Of course. ;D

Who snaps off the tree's trunk so that the branch at the side can grow?

r0ach Comes up with the most stupid topics. How old are you? 10?

roach is a day trader, he has to make a living. And he does that by spreading fud, hoping some weak hands read his posts and panic. I am new on this forum compared to most of you, and as dumb as i am i learned that its better to not read roach, spetnik and btcltcbitecoinlitecoin . Nothing constructive comes from their mouths. And if you DO read their posts, expect them to do opposite to what they write. FUD eth ? Then it means they buy eth, and so on.

ICO price means 90+% erosion in value.
ETH could be as good as dead after this.   :P

You're a liar.
I am fairly sure i know at least one of your other accounts too.

Blah blah FUD weak hands dumb FUD ETH ETH

..that is all i heard ..again  ::)

Thanks for the insightful and oh so witty commentary "nooby".
You are a shining beacon for us all in crypto.
Let this noob account show you all the way to a grand Ethereum future  :D

You dropped your other account(s) because ETH tanked from $20 to $10
That ain't FUD ..that is calling a scammy spade a scammy a spade.

@mining1
You are a fraud.

---

EDIT:
i do not realistically see it hitting 0.
This is a long-con project so i do not expect them to give-up and ride into the sunset.
Why would they ?
Once the start then can keep sucking more money out of it over & over.
Sadly i don't see it ever going to zero or leaving.. we are stuck with ETH now.

I would imagine we may see it VERY low in price because the limited amount of profiteers
hoping for large profits later will abandon it for other coins etc.
And THAT will cause the whale manipulation team behind ETH to scale back their price control shenanigans
in turn causing a way lower wall they are willing to prop up.

I am convinced the dev's and / or friends (whales) are controlling the price..
I think they just keep setting their limit lower.
For ages it was a hair over $12
Now ?
I think they are forcing it to stabilize at $10.50 roughly.

SO what you all need to be concerned about is.. what if i am right ?
And they pull their support ..it could crash down hard !
Because i think there is a massive downward sell pressure on ETH 24/7
So if the flood-gate is opened up (wall removed) it could get ugly (fun to watch)  8)

Sorry spotnik, i havent read anything past "liar" but i can guess what you wrote. Let me tell you this, you are not smart, you are not capable of spreading fud, you are simply not. Not that only you arent capable of fudding, but youre a horrible troll aswell. I bet nobody loves you, you seem to be a very unpleasant person. I can only hope your mother does love you, she's your last hope.
And you know the reason i ( and probably every other forum member with IQ over 70) dont read your posts? They are all the same. I know i am not a very bright person, but you my friend, you're a chimp.

Well well look what the cat dragged in LOL
Hmm how did i know of all 1 million accounts MineCache was going to reply back ASAP ?
..so predictable LOL

He changed accounts because he was boasting about ETH being $100 within 12 months
AFTER the DAO attack..
he also said Banks were buying shitloads of ETH and were going to be using it soon.

Oh and he also said Microsoft is using ETH.

And.. he said IBM is using ETH.

mmmm hhhhmmmm  ::)


FRrrraaaaauuuuuuuuuuudddd

sorry dude, you might not like spoetnik or roach, but you have to agree that the scenario isnt good.
i cant say if eth will die(and i belive it will) but after the attack, the sh*t white hat attempt and the hardfork idea it is easy to short eth and make some money with the certainly dump.

Very interesting thought....

Hypothetically I could

1. Set up my own smart contract with a bug in it
2. Promote the hell out of it until it bloats to massive proportions
3. Execute on the bug along with shorting my smart contract and eth
4. Buy back on the bottom
5. Engage the leadership to toss the idea of hard fork
6. Sell coins
7. Hard fork, gain previous wallet balance back


I could triple dip! I wonder if someone else has thought of this before

.....ohh wait

You forgot about going long on ETH during step 2. Then you could quadruple dip. ;)

It will never go to zero becouse even worst shit coin ever did not get there. (exclude scam coins)
Behind ETH are big wallets so probably they will let it bleed then after some time , people have short memorry
they will pump it up after some good news.

BTW how is fork action going will be or not?

It's so sad to see what Ethereum is going through. I will take years for the stigma to rub off. I don't think any bank or company will be interested in using their blockchain. Their plan to do a hard fork will only make matter worse for their image. My guess is their only doing that to save investors money. So the "too big to fail" comments on the DAO could be true. It's a shame.

I never said ETH is perfect and that it cannot fail or die, because it can, like every project out there. But i also know that it is the crypto project with most chances of success by far. On the other hand, that halfwit keeps repeating the same posts over and over again. Now you understand ?
@bbc.reporter depends how it ends. If the HF succeeds, i do not see why it wouldnt be trustworthy. It will show everyone that a consensus of miners / in the future stakers will be able to fix any injustice that could be done. Hard to say the same about other cryptos like BTC where you only need 3 oligarchs that easily control over 50% of hashrate, or in the real world where a hacker would not only get to keep the money, but would be able to kill whole projects with attacks. Ethereum can only be killed by itself / developers at this moment.

ETH doom

(WBB moon) :D