Bitcoin Forum

For anyone that has experience trading any type of stock, commodity, or even baseball card, you can tell within two seconds that Ethereum is not an aggregate market.  It's just one single guy on Poloniex that says "Today the price goes up, tomorrow the price goes down", with no fundamentals or reasoning behind any of it.  In Bitcoin there are whales, but often times the whales are fighting against one another.  An example would be the attempted BTC shakeout a week ago on BitFinex where someone used around $3 million to try and break the price below $450, but Bitstamp, Coinbase, and others refused to follow their manipulation.

With the DAO scheme (also affiliated with Eth), which is widely being criticized as a blatant scam by many, the SEC and other agencies are going to be looking into what's going on.  If it's an R3 banker, the investigation will probably be stonewalled because it would likely just wind up being a banker attack on Bitcoin itself, trying to draw attention away from Bitcoin and get interest in the banker-backed scheme.  If it's a Chinaman, they usually don't go after those.  However, while all three options are definitely viable, the Occam's Razor solution might wind up being #3, the Ethereum team pump and dumping their own coin with the IPO money you gave them.  

Since they received cash + free Eth coins, they don't even need to buy any, just pump and dump straight out of the gate.  With Vitalik publicly beginning to dump now, this might be the case.  If option #3 turns out to be true, someone is going to be in deep shit, and likely any exchange giving them backroom deals on fees in order to wash trade.

http://puu.sh/oSiZL/9aff8efb54.png

I think you're being very churlish

And gay.  I don't know what's with this roach guy when he defended the Larimer brothers when they were sucking the Bitshares community dry.  I guess he realized it and sold all his BTS and is now making whining these boards his hobby.

Kyle Torpey is a know Bitcoin Maximalist who subtly pushes his agenda via his articles. Not sure quoting him adds any credibility to your post, more the opposite.

"The SEC" won't be investigating anyone one in the crypto currency market. It's not their jurisdiction

The Securities Act of 1933 describes securities as things we all understand to be securities: notes, bonds, stocks, etc.

Bitcoin, it's clones and virtually ALL alternative digital currencies are initially generated not by an investment of money, but by expending computer resources or (mining)

Therefore all cryptographic currencies are commodities.

When digital currrency derivatives begin to surface, this will give "the SEC" some jurisdiction. Until then, they're absolutely powerless in this market.


It was not an "attempted shakeout," actually it's funny that you think someone would execute a $3mill transaction with the sole intent of  "shaking someone out" of the market. Hilarious :)

Someone sold $3mill worth of coin on Finex.. That's it. It happens...

I'm not saying that there isn't manipulation taking place, because there clearly is. But there are many individuals holding $1mill+ worth of BTC who aren't part of this manipulation ring.

That "shakeout" that you make reference to, was merely a single actor who decided to cash out. Hence why there wasn't a universal move across the rest of the exchanges

It doesn't matter if you think he's biased, I already covered why the fundamentals of buying the DAO is pointless below.  Best case you're making a bad investment, worst case you're being scammed:

https://bitcointalk.org/index.php?topic=1471177.0


You're obviously a lying shill poster by saying such things (nobody trusts your garbage 1 star sockpuppet accounts).  I even have a screenshot of the attempted shakeout in action.  It was clearly an attempted but failed shakeout on BTC.  They have tried this SEVERAL times ever since Bitcoin began to rise.

https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2FJZOEa5p.png&t=564&c=wBt5ME3iutqy-Q

We appreciate the screenshot, the writing and yellow highlights too. Impressive

I'll attempt to take you seriously, but when you say things like "Fake wall" it does make it difficult. Never the less...

You can't cry manipulation whenever someone sells more than a million $ worth of coin. I appreciate the pseudo analysis that you've slapped together here, but you're clearly over-reacting and attempting to create some kind of false narrative to bring validity to your comments.

No matter how much yellow highlight you use... or how many screenshots you post, it's not going to force anyone to adopt this warped view of the market that you obviously have.

I mean you said in your first post that "BTC whales fight each other" so I'm not sure if you're being fake pretend stupid, or you really are "challenged" in some way.

It's an open market, and people will buy millions of $ worth of coin... and later, they'll sell millions of dollars worth of coin. That's what happens in a marketplace. You can't cry manipulation just because you're seeing large sells
 

Pretty much that, smart Bitcoiners and developers already realized that Ethereum is a platform second to none, at this stage is in everybody's best interest to find ways and room for collaboration between Ethereum and Bitcoin platform.

Why? You just can't create a discussion with such people...

https://i.imgur.com/g653vDZ.jpg

Nice sock puppet shill account.  You may as well not bother posting because nobody believes anything those 1 star spam accounts say.  Nobody does numerous dumps of millions of dollars in coins back to back then puts up a fake ask wall right after to try and prevent the price from rebounding except to try and manipulate lower.  When I post the evidence of them caught in the act, your manipulation fails.  You may now go and create a brand new shill account to pretend to be credible again.

I don't think the price is manipulated as such. People are buying into a very dangerous investment opportunity, and the only way to do that is by buying ETH first.

That isn't manipulation, it is creating a market.  It might all crash to the ground, but it will be a fair crash if it does!

Nailed it.

Cryptocurrencies arn't regulated by the SEC. Bitcoin in New York, is regulated by the BitLicence - but Poloniex is not based in New York and doesn't accept NY customers (this is why they brought in all that FYC stuff last year - to make sure they weren't dealing with New Yorkers).

Bam splat your whole argument falls apart before it even starts.

http://i2.kym-cdn.com/photos/images/newsfeed/000/806/136/225.jpg

But hey if you support something roach doesn't AUTOMATICALLY you are one of the following:

a shill
liar
manipulator
scammer
idiot
multi account
sock puppet
born yesterday

etc.

Really I can't make up the stupid shit this guy says go look at his posts.

OBVIOUSLY.  ::)

https://longchaps2.files.wordpress.com/2015/07/captain-obvious3.jpg

Yea sure, and I suppose a financial organization located in Costa Rica should be immune to the US government too right?

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

DAO is just going public with a non-existent company from your basement to scam investors.  The SEC is interested in things like that as well as Eth by proxy.



You need to be born yesterday to look on Bologniex and believe that's not a one man market.  One single guy madoff'ing the fuck out of people.

Perfect quote for that:

"Markets don't have a purpose any more - they just reflect whatever central planners want them to"

Like how the Larimers and co. manipulated BTS?

Too bad it didn't work out for you cos ETH is still soaring.

Yeah I don't get why this roach is so uptight about other peoples finances and investments. Unless he's bitter and trying to talk down the price it's all nonsense that he spouts.

Liberty Reserve was done for laundering drug money. That is a criminal offense in the US. What has ETH trading got to do with laundering drug money?

Option 3 all the way and i would love to see the SEC on these assholes too.
If they get investigated it's going fall apart of them on the launch
never mind the shit they did later.. ETH is a scam.

And just because you call something (DAO) crowd funding does not mean it's still not a Pyramid scheme.
It's like robbing a bank then saying ohhh well i'm just "borrowing"  ::)

I want to see some of these scammy assholes in prison !

You guys say oh well IPO / ICO coins are legit.. no they are not defined as legal.
And you say ohhh well they are like the stock market stocks.
Except one glaring commission you guys LOVE to ignore.. LAW !
Tell me smart ass scam aficionado's
Why was Berni Madoff and Martha Stewart thrown in jail ?

TRADE LAWS

So.. do i have to spell it out ?

Just sit there for a minute "Crowdfund Profiteers" and think..
Imagine if the same laws applied to Crypto how many guys would be arrested and served jail time in Crypto !

And maybe they do !!!

Option #3 and bring on the arrests !

I wonder if the wisdom of the crowd will sniff out the perpetrator.  The Chinaman is coming in dead last, bankers in second place, which leaves...

Eth is currently pumping because of the rumors they will be listed on OKCoin. 

IMO the only reason Eth is above $8 a coin (instead of hovering somewhere around litecoin) is because bitcoin is pretty much refusing to do on chain scaling. 

You make 0 sense because scaling is even more important for Eth than Bitcoin, yet Eth doesn't scale.

The Bitcoin scaling road map is fine, just conservative moving from point A to B:

http://coinjournal.net/blockstream-president-adam-back-shares-roadmap-scaling-bitcoin/

Bitcoins roadmap is for scaling pretty much 100% off chain.

Ethereums roadmap is for scaling on chain.  With 100's and then 1000's of TPS + statetree pruning there is much more promise of on chain scaling in Ethereum than bitcoin.

Edit:  I traded Eth for BTC and my transaction was hung for over 12 hours @ ShapeShift.  No doubt this was their problem, there's nothing wrong with the new currency of the world's future only being able to handle 7TPS, it's my fault for using ShapeShift etc. . . BitCoin is a bigger pain in the ass to use than any of the other cryptos I deal with.

Transaction bundling, or "caching" as they call it, is technically on-chain.


We all know this is bullshit.  Any recursive, closed entropy system like proof of stake is a permissioned ledger in the first place, not a decentralized currency or network.  Then each attempt at doing a partition will create further permissioned ledgers, isolated from one another without interoperability.  In the end, it's like a centralized company like Amazon offering instances of a VM, except Eth will have a million times more overhead to do the same thing.  There's no reason for such a system to exist.  It's a dysfunctional Rube Goldberg machine designed to try and make money from people who can't figure out how it works.

It's over.  This thing is too scammy even for Goldman Sachs people to touch with a stick:

Since when did we start listening to the banksters and what does he know about crypto?

And who's 'Fail Community'?  Lol..  I hope it ain't FailCoin.  LOL!

if SEC looking into poloniex i'm 100% sure this eth would be done

I remember looking up the law and there were a few odd states in the middle of nowhere in the US that were exempted from some of the AML/KYC stuff that other states had the burden of.  Poloniex just happened to be in one of those states heh (Montana).

I enjoy such threads that try to examine the truth behind such coins/ICO's.  But wth the whales just KEEP throwing btc at ETH and these other attached things...why?! Because they can??  Trade, make BTC, and screw all others right??

Nope.  Millions more volume at other exchanges.

Or maybe the SEC will simply turn the whole thing over to FinCEN.

benthach, Spoetnik both agree with you r0ach. Never thought you were campaigning for the three stooges job, but congrats!  ::)

The Inland Revenue Service thinks the bitcoin is a property. The Chicago Board of Commerce think it is a commodity. So Can SEC deal with it?

Just buy 1/10th of an Eth so you can get in on the  class action lawsuit:

Poll results seem to be unanimous so far...

ethereum has more buyers than roach's mum.  Creating jealousy

The Stoat spam has decreased a lot after that Eth double top and beginning of dump.

This guy must have been Nostradamus himself:

https://i.imgur.com/q2Tq7Qo.png

if they can find someone opposite of hip and kewl then it's also work,
someone look like a sorry ass homeless AIDS contracted so people would feel sorry for him and buy into his idea

How much do you want to bet that Tristan (busoni) is actually in NY and not in Montana? ;)

I'll let you decide how much you wanna lose

I bet your right Spots and i don't like or trust those Poloniex guys one bit.
I think they have been putting on a show for years now making sure they *appear* legit.
And i bet anything they will Cryptsy out at some point.. with "I wuz haxed" excuses etc

And skate boarding Millennials i love it hhahaha
I was riding my Mountain bike down the road the other day and was behind two of these types..
The one chunky 19yr old boy riding his LONG BOARD could barley stand on the fucking thing  :D
All he was trying to do was turn slightly and kept falling off unbalanced.. he was going walking speed too.
Those long boarders get under my skin sometimes..
When i was a teen i had me a REAL skateboard.
And i could ride that shit like a champ !
I was not that good with tricks but i could drop in on a ramp or do an Olly.
I still can actually and high.. like riding a bike you never forget how.
I have impressed the young'in's lots with old man skating..
Telling them gimme your board and i will show you then i do it and they can't believe their eyes.
To be fair it takes me a few tries to land it though when trying to Olly so damn high.

Back in my day we would skate and read magazines like Transworld or Thrasher.
These kids now a days wouldn't even know what a magazine is !
If i catch one of these "long boarders" on my lawn ? I am going to turn my garden hose on 'em !

I wanted to get in on the Vitalik bashing here too but i am going to take the high road *this time*
But a picture is worth a 1,000 words ?

http://i66.tinypic.com/2625oc2.jpg

I've been to Montana before and although I didn't see any actual humans there, I definitely didn't see anyone named "Busoni" there.

The Bitcoin market cap is much larger than the Ethereum market cap. If they can manipulate the Bitcoin price, they must be very rich.

They don't have to be mega-rich, they took in 30,000 BTC in the IPO.  It only takes doing an orchestrated dump of a few batches of 1000 BTC back to back to temporariily drop the BTC price $5-10.  Just enough to give the fake appearance of BTC weakness and IPO scamcoin strength while they pump the IPO scamcoin at the same time.

It is not clear Vitalik will be the one in cuffs or not.  Maybe someone else will take the fall.

You're a massive libelous scumbag. 

Does Switzerland extradite 'financial innovators' to the US?

Oh ya ya i know i hear Microsoft and IBM are using Ethereum.

Protip:
Search Polonibox with those 2 company names ;)
And bring popcorn for the LOL'z  :D

The US is ready.

If they were pumping it with ico-money only they were a huge fail with the dao. And now nobody is touching that shit and they'll have to eat the very high inflation all alone.
Noob-traders, that's for sure.

Basically they pumped everyone and let all people sell high, lol. Must suck to be the pumper, greed is a bitch. He's probably hanging mid-air with nobody else supporting the price.
Not exactly the best spot to be in and all kinds of legal troubles on the horizon for them aswell. I think they'll have to shut down developement rather soon in case they gambled with money that was ment for developement funding (which the ico was ment for). Are they doing independant audits of their financials?

People should ask to see the btc on the chain and a verification that it's theirs. Maybe they are out of funds already?

When it comes to arranging fittings for orange jumpsuits in the US over Ethereum, my take is that FinCEN rather than the SEC would be the lead agency.