|
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?
|
|
|
|
|
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.
|
|
|
|
|
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.
|
|
|
|
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. |
|
|
|
|
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.
|
|
|
|
|
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.
|
|
|
|
|
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.
|
|
|
|
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. |
|
|
|
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? |
|
|
|
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.  |
|
|
|
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. |
|
|
|
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. |
|
|
|
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. |
|
|
|
Yup, still a dumpster fire.
I dare them to dump everything right now to kill ETC while it is weak. If they were really that stupid they would have done it already. But they will not. Why? They are scared that it might be a mistake. |
|
|
|
|
Tempus thanks for the informative reply. But it looks like there is a correction in price. This may be a good time to add more FCT while it is stable. Or maybe wiat for it to go down more? What do you think?
|
|
|
|
I hope ETC (Classic Ethereum) can get some money from the DAO hacker. Without the development, he will not get anything.
There is no need for that. The DAO attacker can do what he wants with his ETC. Charles Hoskinson has already committed in helping ETC's development. He is already in the process of getting the community and the developers together to make a road map, create a governance system, contribute code thru his own developers and hire more developers and he will provide starting funds to maintain development. He will also help in looking for investors willing to put money in ETC's development and growth. Expect this to start in the coming weeks he said. That is good. But if the ETC is not supported by majority of the miners, the ETC chain is not secure enough. It would be illogical to attack ETC. If you have enough hash power why attack it? Why not support it? It will be a profitable proposition for you. Remember the Chinese guy who said he will attack ETC? What is he doing now? He is mining and supporting the platform. He realized attacking and trying to kill ETC is a waste of time and money. It will also be a waste of potential money made by mining. I predict that in a year ETC will have an almost equal hash power as ETH. It is not going away. |
|
|
|
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. |
|
|
|
Correct. ETC is nothing like ETH. Yes ETC's agenda is different than that of ETH. They are now diverging.
ETC is out there to develop an immutable blockchain free from a god head like figure that dictates what to do for the benefit of the few. No individual or group will be allowed to make decisions that will roll back, tweak and tinker with the transaction history. ETC I suspect will also stay with POW far much longer than ETH. So miners are welcome to make the switch. It is they who are needed to secure the network and help it grow. In one year I speculate that ETC's hash rate will be equal ETH's hash rate if they have not switched to Casper yet.
If the ETC becomes PoW only coins, I think most miners will mine it if it survives the dump of the DAO hacker. You are overestimating the whole "DAO hacker will dump" thing. It will not kill ETC, the original chain will continue to be developed, there will be growth and will live on. So my suggestion is to split your ETH to the equivalent amount of ETC you can get and hold them. Dumping them would be pointless because there is value in having a stake in both platforms. There is good news on the ETC side. Charles Hoskinson has committed in helping the ETC community to get organized and create a road map, set up a system of governance, contribute code and get his developers to work on ETC and finally he is providing some funds from his own money to maintain development. He also mentioned that he will be looking for investors to raise money for the platform. The interview where he mentioned it is here https://www.youtube.com/watch?v=zXc4lxBqkBw |
|
|
|
|
Is it not risky to commit to this? According to the zcash team the algo could change in the future which may or may not allow GPU mining.
|
|
|
|
|
Do not be carried away by this latest rise in price for now. But continue watching and wait for a better situation to buy. The last thing ETC needs is people riding the pump only for the manipulators to dump again. Stability is more important and an increasing hash rate.
|
|
|
|
|
Show Posts
