Bitcoin Forum

Disclaimer: I'm going to make a not so nice post here.

It turns our good old friends at Ethereum had a 70,000,000 MILLION coin premine before their public launch...that's out of a current 92,000,000 coins in circulation! Guess who controls those coins? 'The Ethereum foundation'.

What does this mean for the average joe? It means the market cap is FAKE. There was no 40 BILLION capitalization (investor funding) or speculative market for Ethereum; In laymen terms, it further means the price was artificially inflated to induce futures speculation towards legitimate investors.

End game: There are more coins in circulation then actual pecuniary subsidies vested in them. Therefore, a game of dominos & musical chairs is afoot. How long do you think it can take to launder Billions in ICO money onto legitimate investors heads to cash out their funny money?

An illustration of the basics of the scam for your inspection has been attached as picture to this post.

Berny Madoff would have been proud. DASH had nothing on this premine, DASH was being modest.

Lest we also forget, its uncapped!; Subsequently, the true amount of Ether that will ever be floating around is pure speculation, it could raise at any moment! The FED has nothing on this funny money ponzi.

http://i.4cdn.org/biz/1497740412862.png <-- some bored numbers

Vitalik, Eth foundation and the Ethtard community will go down in the books as the biggest scamfags in cryptocurrency history

the funny part is that nobody cares!
those experienced enough who can see this, will either avoid it at all costs or enjoy the profit while it lasts and are the first ones to dump ether before anyone else to secure their profits.
and the rest are just sheep who follow that coinmarketcap.com shows them as "top" cryptocurrency! and they always get burnt and leave the altcoin scene forever and most of them will only have bitcoin for the future.

ps [Manipulation 101] Market cap  (https://bitcointalk.org/index.php?topic=1842964.0) :D

It same like i say, but with better english.

For now, yes nobody cares. Everyone who bought ETH are still making money and those holders are still very optimistic that ETH will become no.1 in coinmarketcap.com this year. But if the price starts dropping it will be a different story, especially when it is shown and proven that all of those projects that raised millions in their ICOs will not work because of Ethereum's limitations.

Shhh... Ico's friend me good

How do I trust you?
Hope this is a big mistake. ???

I lurked, I seen ETH, I thought MEH !

True Story, I haven't even touched it since its inception, didn't even lay fingers on the ICO, fuck profit when it is an outright scam with that big premine trying to be embezzled by the so called "Founders"

The kremlin already is a fucking millionaire and is one greedy munted pig.

I think you is just another Ethereum sock puppet trying to creating dumb subject. Those 70 millions are for ICO and own by many people, the bad thing about Ethereum is that it pretty much own and controlled by Vitalik, he can fork anytime with a click of a button. Do you think big bank or even a country ever use this platform? That is bad. What is good about Ethereum is scam ICO after scam ICO.
People are busy with making so much money they forgetting Ethereum is full of bugs, unseen scalability issue, forked bug, bloat chain, and it's controlled by a Russian guy.
No solid working wallet because of bloat problem.

Better sold it now for avoid huge loss

I can agree with you any more, people who bought the EHT are confident to make money or to by ICO tokens. And the ICO teams will collect more and more ETHs.

https://en.wikipedia.org/wiki/Stockholm_syndrome

Stockholm syndrome (sometimes erroneously referred to as Helsinki syndrome)[1][2] is a condition that causes hostages to develop a psychological alliance with their captors as a survival strategy during captivity.[3] These feelings, resulting from a bond formed between captor and captives during intimate time spent together, are generally considered irrational in light of the danger or risk endured by the victims. Generally speaking, Stockholm syndrome consists of "strong emotional ties that develop between two persons where one person intermittently harasses, beats, threatens, abuses, or intimidates the other."[4] The FBI's Hostage Barricade Database System shows that roughly eight percent of victims show evidence of Stockholm syndrome.[5]

I have always known that Vitalik is a liar. He is a Russian ;D

Vitalik Buterin 'impeached'?  You're letting him off the hook easy.  Let him deliver all his promises first otherwise he'll just pack up and leave with a big fat wallet of ETH which he can dump anytime.

What about companies selling shares and holding 51%?
Is that also a scam in your weired, trolling thoughts?


Someone is impeached in this thread.
Yes.
But not Vitalik...

vitalik did anything wrong, he just sold his premine but everyone know it was going to happen, and why vitalik should be condamned for this? there are many dev that did this, with their premine but none care, yes vitalik selling was huge like 1 millions, but it's on hiw own project, and he didn't run away it's still there supporting his coin

I'll be doing a little dance when this goes down.

it may well collapse, it may not. but at no point did they try to conceal that premine. everyone who's gone into it should've known what the score is. evidently no one cares. the big question is what would happen if vitalik became a scientologist and disappeared? who would take over the project?

If that happens. That's it. It's over for Ethereum. I don't think ethereum could survive. If theres others dev team who will take over this project. Ethereum might survive the collapse. But right now. Let's enjoy Ethereum while it's still existing.

It is interesting that there are 3 posts by SONM ICO guys. This whole thread seems to be planned game by SONM or someone else on the thread.

Vitalik`s and friends ETH now cost $21,600,000,000. This gang slow selling this SCAM to "investors"

If you keep it you get -49.77% annualy  and risk of Ponzi crash
sold it slow and keep money in BITCOIN or $ cash

http://i.4cdn.org/biz/1497844099956.png

http://www.investopedia.com/terms/p/ponzischeme.asp

Jesus fucking tap dancing christ where the flyin' fuck have you been ?
How many fucking god damn times have you fucktards heard me tell you HE ALREADY DID ?
How do i know ? He god damn admitted it morons !

This is no "FUD" or an interpretation of some info.. he god damn admits it for fuck sakes.
And all you greedy/scammy worthless pieces of shit couldn't care less.

Impeached ?
What you all love to blow Shelby right ?
Seen his topic on him going to FUCKING JAIL ?

What part of Ethereum haven't i pointed out is scammy ?
Take your fucking pick idiots.

TOPIC: ?
What will i do ?
I will laugh my ass off and say.. I TOLD YOU SO CUNTS !

The scene is nothing but worthless little rats scurrying around for chump change.

$70,000,000.00
x
$300.00
=
$21,000,000,000.00

Comprende scumbags ?

Yeah you stupid ass fucking morons gave "The Foundation" 21 BILLION DOLLARS to dump !
Proud of yourselves ?

ohhhh but but but.. Spoetnik.. "APP's" !!!!!1111111ONE
Ohhh but why you FUD mah ROI's Spoetnik ?
Cause Cuntasaurusrex paid himself 21 fucking god damn billion dollars you stupid fucking retards.
And you dropped to your knees and drained his cock dry every chance you got.
look around.. notice anything ?

ALL of crypto is blowing that fucking fag to get a slice of the pie..
It proves that as long as you scam it up BIG TIME all the stupid corrupt maggots in crypto will co-opt the scam for a piece of the profits.

Ohh but but how do you know it's scam they re-post nooooooooooooooooooooooooon fucking stop.
IF* they even bother to ask.

uhhh duhhh derpty fuckin' derp ohhh uhhh i dunno how ?
You tell me Investards.. I'm still waiting (Topic i just made on Ideology that got 0 replies)

If ETH and the douche bags involved in it get a proper investigation they will get jail time.
It's been a massive facade of manipulation the whole entire time.
ALL OF YOU have been played like a violin since 2014.

http://i66.tinypic.com/6dzq1f.jpg

Vitalik`s company only sold this ETH, it classic ponzi scheme.
http://www.investopedia.com/terms/p/ponzischeme.asp

I don't see anything wrong here because if we were all to be in the same shoe, we would even do more than that. Most people are quick to castigate anyone who took his time to come out with a project but now keep a portion for himself as compensation whether the project fails or succeed and for him to have maintained that stand even to the point ETH is at this time, then he needs to be appreciated what if he had gone underground and continue doing his thing behind the scene, would anyone have known he is the one behind it?

Those who keep ETH will have a bad time, sooner or later. Such a obvious shitcoin yet it still gets to be defended by a lot of people.

To be honest, I hold a few myself, just a few, in case the scam grows even bigger. But I sell all I mine to BTC, ETC, Sia, a couple of times a day, that's how much I believe in this shitcoin.

Same SCAM from same gang

Did he actually do this? How do you know?

Where are some hard proofs that 70 out of 92 are Vitalik's? I think this would have been a BIG-BIG scandal and, as it is not, this info looks sort of fake to me. Ethereum is not very strong and I just don't believe it is so much under control. I have searched on the Internet now and found absolutely nothing. So, actually, ethereum is doing fine and this thread is just a big lie IMO.

Check the facts and numbers: https://bitcointalk.org/index.php?topic=1955876.0

Their leading shill here told us Butters dumped and said so via Twitter last year.
And that was what i am assuming is 1 dump of many.

He said he dumped and i quote 25% of his holdings.. for a million dollars.
Which i call bullshit on.. you all think he's going to be honest about it ?

The news must be fake or there would be a scandal ?
See that's the thing.. he says it and you all just.. don't.... care.

Back then when i heard that i asked.
Why did he do it ?
Where did he post this news with a proper explanation ?
Why didn't he come here to post a topic telling us about it ?

That arrogant little cock sucker thinks he is above coming here to explain himself.
He will never ever once come here to mingle with crypto-peasants.

But we all sure as hell made his coin what it is now didn't we ?

So yeah..
Just like Ripple they are free to premine the living shit out of the coin then hand themselves fancy corp. titles and create companies & foundations and pay themselves sick amounts of money then kick back and manipulate the living fucking shit out of the markets blatantly all along then.. dump like crazy on naive little moron brats who do *ALL* the work defending their ICO / premine scam.

I slow fucking clap for you dumb cunts.. you sure made crypto a success.  ::)
Scamereum ETH'Tard's make me sick !

 I agree whit you because he didn't run away it's still there supporting his coin.

Give me 10s of millions $ and I'll be here to support it too. Hell, I will even quit my job and will be 24/7 on Twitter, conferences, bitcointalk or... whatever. And if/when it fails, well... I can blame the lack of experience and my premature decisions.

This is true, no one really cares as long those who are big holders making their money then they wont really bother at all.We would really able to say that this is one of the most biggest altcoin next to bitcoin seeing on marketcap and newbies or fools could really able to say such thing and as you said in the end we would still hold up bitcoin.

Lions and tigers and Bitcoin trolls oh my!

yuppppp.

basically eth a nice accumulation phase with whatever "promises" for product to come (and ICO party for others to build on it), eth gang make millions and laugh all the way to the bank.  you can see jan 2016 when the manipulation began on polo and the bots went nuts, and it's still going...sad.  when it crashes it'll be harsh.

wbb/DLS is at least legit/no premine and actually HAS BUSINESSES ready to use their platform! lol.

Don't believe these guys and try to use your own head, they're just trying to cause panic so people stupid enough sell their coins causing price drop. That's when they come in and sweep all these coins for a nice profit when price inevitably climbs back :)

My best guess is that there is at best a 25% chance of this project really delivering/succeeding, making ETH only a risky gamble. If you make your money out of it: congratulations. But chances are, it will end in the biggest catastrophe the cryptoworld has seen.

Every teenage girl could do the math stated in the picture says it all. Unlimited supply, 70mio of 92mio premine tokens at Vitalik, massive hype, no real technological delivery so far. Some <100mio platforms already have more real usage to offer. It will NEVER be better/superior to BTC in any way in the long run. What we have at the moment is pure massive hype and GREED. GREED. Everybody is just speculating on something purely hypothetical. Pretty much the opposite of BTC in every way.

But you can talk all you want, people will still pump to the inevitable crash and then come here to cry because they are greedy, yet ignorant and oblivious to the hard facts. I am already looking forward to the drama and spam everywhere while seeing how all that money goes into bitcoin, doubling its current price.


PS: I love when there is blood on the streets.

What makes you think vitalik and ico crowd has still their coins? I think those are mostly cashed out. See the blockchain explorer. The exchanges hold major pools of eth.

Really, maybe at start bitalik had a lot coins but not anymore, at leadt nothing close to what OP is claiming.

Looks like this is not going to turn out well for Ethereum. Well I didn't really care for any of these, I just care if it goes up or down then I'm in it. If it turns out scam, too bad. Just getting rich from trading is my thing. Not really caring for how these altcoins grow, all I care is how much those altcoins convert to bitcoins and back to fiat.

So say if you conspiracy theorists are correct and this is indeed one big scam. Does that mean theoretically ETC is also a scam because the Etheruem foundation would also hold the same amount of ETC coins after the split?

Also if the price of ETH tanked and people lost faith how easy would it be for legitimate projects running on the network such as Iconomi for example to move to another smart contract platform like UBQ or LSK for example?

yes

dude is so ugly he should get face lift  ;D

congratulate you with relief

By design yeah i agree.

People need to look at the idealogy of crypto.
Skipping that is what creates these situations.

Hefty premines or ICO's and starting companies etc are all bullshit we should not embrace.
ETH is not a part of my crypto-future.
That should be increased decentralization and not the opposite which ETH brings to the table.
Or *ANY* ICO bullshit.
For one thing we need to get proper decentralized exchanges going i think.
Ethereum ROI's on Polo and then ICO inside an ICO inside an ICO is silly retarded crypto-faggotry.  :D

No person has ever said that what Ethereum did was an improvement over BTC's distribution.
The ICO system is a step down and in reverse.
And i want to see us move forward in a positive & constructive direction.

During the peak of 2013 etc Gavin and others were getting vast amounts of Foundation money.
Gavin got a hair under 1 million a year "salary"
Guys.. power & money corrupts.. ALWAYS !

Anyone here who wakes up to see they have a million in cash in the bank is done for.
Why bring this up ?

Guys permitting the ICO is putting people in the position.
That position that is vulnerable to greed & corruption etc.
The concept is silly retarded bullshit on soooooo many levels.

Imagine a bank leaving the vault doors open so clients can come in and take what they want.
What do you think people are going to do ?

And you will all scroll down and buy more.. because you are the same.
You all keep making money off ICO's like Ethereum so you couldn't care less.

I can guarantee you all one thing.
There is 0 chance Ethereum will take over for Bitcoin.
None at all what so ever.. EVER !

Ha! Vitalik getting impeached??? He was blessed by Lord Putin publicly. As John Wayne might say,

https://cdn.meme.am/cache/instances/folder158/500x/65827158/john-wayne-straight-thatll-be-the-day.jpg

Don't you guys get what ethereum is? Ethereum is SkyNet, Putin will put nukes triggered by smart contracts.

Some say that Vitalik is a scammer because he made his promises but really knows those promises are not procurable. 2 of those promises are to scale the platform with the shift to POS and sharding.

Ethereum classic has a different roadmap now and it cannot be conjoined philosophically with the forked chain anymore.

Iconomi would not start from scratch by going to LSK or UBQ. It will use the easiest path to continue development. ETC.

The news was..
that Butters attended a meeting that Putin was at.. and they spoke.

THAT IS IT !

So i am not sure what grandiose conclusion you are drawing from that is.

And i love your SIG here LOL
Did you know my parents suggested that place to me to sell BTC back in mid 2013 ?
I never did use it because the cost/fees was too high.
And did you know i had my account seized by Paypal in late 2013 ?
I asked Paypal in 2013 why they allowed Virwox to use crypto coins + Paypal.
They gave me no answer but reminded me i broke the TOS by using Paypal with crypto coins.

So you are advising users break the PP TOS and that will ultimately get their account frozen.
And from there they can lose their money held in said account.
It's the equivalent of advising people to invest with Berni Madoff hahahhaha  :D

Ahh but the topic huh ?
Well..
I already knew you were an ETH shill defending it in the past.
I think you are just dancing around it now a days though.
Post history don't lie (unless you are rpietila and edit it out)  :D

Yes, it is.
Deceit of investors and fake capitalization.
Run with you money- soon.

I agree with your opinion is indeed turned out to be many who are trying to cause panic so that people want to sell their coins when prices drop sehinnga those who earn huge profits

I just found out this is good information, before I thought I would sell my coins.
Lucky your suggestion explained to me that I should be careful to sell coins.