Bitcoin Forum

So I read that transactions took some time to settle and some did not go through.

another insta ico scam.
all insider whales selling to themselves will hoard it and pump the prices on exchanges.

avoid.

Agree, invest only if you like to invest in crypto double ponzi schemes.

This is very sad because it means there is going to be a huge bubble burst quite soon.

Victor

DAO me once...

Let History repeat itself.

Will they keep reversing the blockchain when these projects start fucking up?

Don't think like that people invest 144M in bancor because it is good. No they just want to double their money. It's not an investment, you can easily sell your tokens after 2-3 days it is not like a real investment.

This showed how weak Ethereum network. They locked all wallets and network by only 1 new ICO. MEW didn't work, they broadcasted TX's then delete it with no warning. Transactions can't be reversible. 420k ETH moved in 3 hours and all network shut down. I wonder what will be Bancor exchange price after this hype.

most of the people understood that ethereum isn't that good.

To move 100$, for some reason the gas they waned me to pay was 70$. I was like, what the ...

Did this happen to you? That was ridiculous.

Actually, No. It does look like a scam and just manual pumping and Insider Buying everything. No one will do that in such a short period of time. The impact was high and now people are talking negatively about ETH network. It's better to stay away from it.

you should change your signature  ;D ;D ;D

https://i.imgur.com/Ztpvsg1.png

Yep, now lets just get a few steps back and watch what will happen to ETH when people will have to pay 70$ to move 100$ for a week or so, or, when the second time tons of properly sent ethereum will get "lost" and never reach any destination at all, even when they spent 70$ to move 100$, like yesterday, a lot of ethereum just vanished.

That's so much of a secured blockchain.

Well, the ETH network performed quite disappointingly. Transactions kept disappearing and turning up again, but with different timestamps then disappearing again and so on, the whole network seemed to fall apart to isolated pockets. That was freakin' odd and quite unexpected from a blockchain application.

So you think that it might be a scam?

So you also think that its a Ponzi scheme? What makes you think of that?

Agree, people would really notice this when they saw up already back before those instant ICO scams which they raised up huge millions of dollars on a few hours which is really surprising and i do really have doubts on this kind of crowdfunding because possibilities or chances of getting scam would be high.We cant know if those funds are just on developers or owners itself and just making some shows.

'It's not an investment, you can easily sell your tokens after 2-3 days it is not like a real investment.
[/quote]' what do you mean by that?

There is no regulation in the crypto world so it is easy to make allegation as it is easy to make scam

Most ordinary people i talk about crypto think it is all a scam , a ponzi scheme to be exact.

Only time will tell what Bancor is

Parallels can be drawn between Ponzi schemes and any sort of rising asset, with the arguement being that if you were to try to sell every single share for the total market cap you'd crash the market because the marketcap is only represented by about 20% of it's current value. This basically means that the rising stops when new people stop entering the market with fresh cash, in essense, a bubble.

I definitely think that Bancor and the other instant ico's are a very obvious way of premining coins and putting them into a select few's hands. All of that Ether floating around more than likely just went from one friend's hand to the other, all the while getting a huge chunk of the Bankcor action.

I'm surprised to see Tim Draper backing this, but I definitely am not interested just BECAUSE he backs it. Billionaires can be shiesty too you know haha.