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Bitfinex might not last long if their customers leave because of the lack of confidence and trust in them. Tether holders should unload their shares to avoid losses. It is all becoming clear now.
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I would like to see ETC staying PoW and let ETH go PoS... I think PoS will be a disaster like all other PoS coins ever, long term something always goes south.
I think the ETH will not convert to PoS in the next few years. It has supported a big industry and the hard forked was supported by miners. The next few years? The Ethereum development team has already said that they will switch to Casper in 9 months. So expect another fork. Some speculators even say we may even have 3 or 4 Ethereums next year due to more forks thanks to Vitalik.  That could be right. So there will another pure PoW Ethereum. So maybe it is safer to stay in the PoW Ethereum. Maybe. But that would only mean that Vitalik does not have full support from the community now. The POW Ethereum will be not in the control of Vitalik and the Ethereum foundation. |
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You will spend money on marketing for namecoin, peercoin and novacoin? I do not know what kind of investor will have interest in them. It is much better to start a new and better coin than waste your time in those old coins.
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Good. It is the way it should be. ETC does not need the bad reputation of Vitalik and the Ethereum foundation. It is now slowly revealed that they do not mean well. The are very scheming and very conniving.
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Yes. That is a good point. Vitalik and the Ethereum foundation are done. Their peers in the cryptosphere now do not look at them in high regard anymore. It also goes the same for the other developers like Tual of slock.it. Their careers are over. They should go back wherever they came from coding accounting software or something. Crypto must only be by the real coders not poser profiteers.
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You heard wrong. They attempted to dump all the ETC to buy ETH and use that to fund development on the forked chain. The exchanges Poloniex and Kraken now have frozen some of those funds.
The white hat hacking group actually has connections with the Ethereum foundation. Now they have Swiss lawyers involved in the return of the funds. That is bad news for the DAO holders because they might lawyer their way from giving the funds back to the actual owners.
Why did they not return the funds right away?
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Maybe if a huge pump occured with one of them it is possible to go up above $5. But I will not expect it to stay there for a long time after the dump.
Those coins are not relevant anymore. No one is interested in them except for the bag holders who are still hoping that it will go up so they can unload.
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Why so little? I would expect that they would give you more. How much drive space must you share to earn a decent amount of Storj?
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The price movement is still ok. My opinion on this is if it stays above 40k satoshis there is still a chance that it will rise even further. But if it goes back below it then LSK has weakened and might stay below it for a while.
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I do not know much about monero. It would be better to ask the ones that do in the XMR speculation thread. But my suggestion for you is to wait for ETC. One sign that it is good to invest in it is when the hash rate is increasing and stays above 30% of ETH's hash rate. Miner support is more essential for it now than a high price.
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Apparently, the hard fork needed to happen. The resulting clusterfuck has revealed the true attitude toward the project the developers have, that is, this is more about profit than ideology. I'm not naive; I have bills and shit too and I understand how the world works. But these conflicts of interest are damn near criminal at this point, I hope people understand that the criticisms that some of us had with ETH didn't go away with the fork.
Fool me three.times, what's the saying for that?
Yes the fork is actually one of the best things that has happened for the original chain. Profiteer Vitalik and the corrupt Ethereum foundation had to go. It was nice of them to voluntarily step out and continue on with their own platform. |
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For now I would not recommend holding ETC. There is good news that Charles Hoskinson will commit to the development of ETC but things are not very stable yet for the platform. The situation with the DAO attacker and white hat group may still escalate more and it may involve the authorities. That is only a speculation from me but I foresee it happening. I also heard lawyers will be involved in the distribution of the ETC held of the white hat hackers. That is not a good sign for the owners of those funds.
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Nothing unless the Ethereum foundation is investigated and their connections to the white hat group is proven.
All the exchanges that have ETC and ETH listed should freeze all funds that are deposited to them from the known addresses of the white hat hackers. Any movement of these funds should be made public and must be followed diligently.
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The Ethereum foundation have lost the confidence of the people. Especially the people here in the forum who knows what is really going on. They are as black as the DAO attacker. Now I think it is all a sham from the beginning. If that is true then ETC and ETH could only be selling dreams and fantasies and what it could do in theory. In practice it is only a toy that Vitalik knew will not work and there was an argument from a chatlog with Gmaxwell that says that Vitalik's ideas under the hood of Ethereum will not work.
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My analysis is the traders who are dumping are the same people who came in late. They thought that ETC will reach ETH parity in a short amount of time so the bought at any price available. The few clever ones dumped on the buyers early and took profit. When the majority realized this they too dumped taking small profits and some dumped resulting in losses.
The trade volume of the ETC is quite low at the moment. I think the big dump has not started yet so far. Or it will not happen. Charles Hoskinson has already committed in helping ETC get organized for the creation of a road map, build a structured governance, get developers to start working on the platform and finally provide funding for maintenance. Even if you are an ETC hater it would be stupid to dump now. It is better to wait for a better price to sell. If the white hat hacker dump the ETC to the market and donate the proceeds to the ETH community, then it might not be good for ETC. It will be bad only for the price of ETC. If the attacker and white hate hackers and the Ethereum foundation decide to dump, it will not kill the platform. It will live on. I also speculate that they will not dump. Why? Because ETC now has also a chance to become successful. They will now want to have a stake both in ETC and ETH. |
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I think the fiat for the peg isn't stored with bitfinex, and is not cryptocurrency, but fiat. Essentially, the hack shouldn't affect this, they are related but different things.
If all the tether.USD holders decide to cash out in fiat will their supply be enough? Or if Bitfinex closes down, now who will be the institution responsible for backing all the tether? If there is no confidence then I could see Poloniex and the others delisting it. Now how will the holders cash out? |
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I would like to see ETC staying PoW and let ETH go PoS... I think PoS will be a disaster like all other PoS coins ever, long term something always goes south.
I think the ETH will not convert to PoS in the next few years. It has supported a big industry and the hard forked was supported by miners. The next few years? The Ethereum development team has already said that they will switch to Casper in 9 months. So expect another fork. Some speculators even say we may even have 3 or 4 Ethereums next year due to more forks thanks to Vitalik. |
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So, the thread is all about rockets now?  Do not worry. We will go back to the shouting guy gifs again in the next few days. I speculate that this little rise will not last unless it will reach 50,000 satoshis and stay above that. |
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News about this is starting to spread now. The one I heard about only implied that there could be ETH foundation developers involved. Is there really a connection with the white hat hackers and the Ethereum foundation? Some people say yes but I find that hard to believe because the white hat hackers intended to sell the coins and profit from it.I just finished reading the news in the link. Sell ETH out of principle. The Ethereum foundation are a group of scammers and frauds. It is better for Vitalik to retire from crypto. He is done. |
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OK here is a clear story of the white hackers and how they were caught red handed and now some of the funds they held are frozen in an exchange. http://themerkle.com/white-hat-hackers-caught-red-handed-during-attempted-etc-sell-off/They intended to sell all the ETC for ETH to use for development of the forked chain. It is allegedly a move orchestrated by the Ethereum foundation. Can someone who has an idea of the whole story tell us how the white hat hackers have a connection to the Ethereum foundation? There is a post here but it is very confusing. Please make it clear for everyone to read well. The hackers are member of the ethereum foundation dev team. The issue has been dissected in detail here as far back as page 147 Then WOW! They are nothing but profit seeking scam artists. This is making me think what if Ethereum was one big scam of dreams and fantasies in the first place? I am now having my doubts about both ETH and ETC. If the members of the foundation are really scam artists then the platform is nothing but one big money maker for them and they do not care if it works as promised or not. |
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