Thanks. I watched the video and found much the same as in the articles, just a passing reference to Ethereum mainly used as illustrative examples, not warranting the hype coming from some in the ETH community.

Wouldn't that essentially be transferring the wall to another exchange, albeit at a slightly higher price? Thus you would be doing the exact same thing that they are doing, putting price resistance on the market.

I am not claiming to be aware of all the ins and outs on both sides of this debate, but from what I have read/understood so far, on this point I can agree.

Seems that both sides are tossing up arguments, oftentimes in the form of FUD. This only serves to leave newcomers and people not up to speed on such things left with the impression of infighting and therefore an overall less trustworthy opinion of the community and Bitcoin as a whole. I think we can already see this reflected in the price, and I wouldn't doubt it continues to drop until this is resolved.

This is my problem as well. I hear all the great things about ETH and I am indeed intrigued, but when I go and try to find hard concrete evidence I come up empty. One of the biggest claims being thrown around rather loosely is the IBM and Samsung association.

The only thing I have found so far to back this up is a link on the bottom of ETH homepage with the IBM logo, but instead of going to a IBM or Samsung site, it instead points to a third party: https://www.theprotocol.tv/adept-demo-ibm-samsung/.

This article then references ADEPT, the Autonomous Decentralized Peer-to-Peer Telemetry project and provides a link to: http://ibm.biz/devicedemocracy. Searching this document yields no results for Ethereum.

I then search IBM's main site using the search function at the top of the page, and I do get three results. Two look like some type of support issues not really relevant upon reading them, but the first one is interesting, it is titled: Device democracy Saving the future of the Internet of Things, so I go read the pdf to investigate further. http://public.dhe.ibm.com/common/ssi/ecm/gb/en/gbe03620usen/GBE03620USEN.PDF

I search the pdf for Ethereum, and the only thing I can find is the footnote at the bottom:


So I look through the pdf to find the referenced quote and I find this:


I highlighted in red the portion referencing footnote 15, the one referring to Ethereum. As you can see, they talk more about Bitcoin, and make just a passing reference to how the block chain can be used for a transaction processing tool which then refers to the Ethereum wiki page.

Well long story short, call me a bit underwhelmed by this support by IBM.

Maybe I am missing more relevant discussion or links, and if so please point them out. As I said before I am interested, but have yet to find any solid evidence to support all the claims.

Lol, do that and all your profits will  be gone, one wife is bad enough.

Only a little over 9 days away now, I would have expected the price to start moving up if it was going to by now.

As others have already pointed out, the recent pump/dump might have been the expected rise everyone was waiting for and now that we are still double the end of May price it might be as good as it gets for Litecoin. I would expect the price to fall somewhat after the halving, probably not back to $1.50 again, but settle somewhere around the $2.50-$3.00 mark. I think one of the problems, that's even been hinted at in this thread, is there are still a lot of LTC bag-holders just waiting for a good price to dump. This huge dump potential will more than offset the reduced coin supply being mined, so any hopes of $10 Litecoin in the next 10 days is very unlikely at this point.

So if it did drop to $1, what would stop it from going lower, why not 1 cent? At that price, 21 million cents, or $210,000 would buy up every possible BTC. At any rate it would become totally worthless as who would want back in once one or two whales controlled all the BTC and everyone else left beaten and broke.

I don't know what the absolute bottom would be of a big sell off, but I would think It would start to get some heavy support as it neared $100 and would have a hard time dropping much below that as buyers would only start to increase exponentially.

I think my IQ dropped just by reading this thread...

Where are you seeing they don't accept bitcoin anymore? I placed a test order in the shopping cart and got to the part where I could pay and choose bitcoin, so not sure what problems you were having. I have used them in the past with no issues.

The problem is it is up to their (cex.io) discretion which determines if it is unprofitable or not according to the terms people agreed to when signing up. Since it was a bit vague in that they gave no specifics, you are probably right in that they just made the decision which was most favorable to their self-interests.

To me the whole cloud mining didn't make a lot of sense in the first place. If these so called cloud miners were that profitable, they would simply keep it private and build their business up as the profits rolled in.

Well at least they spelled it out upfront that they could basically stop mining in their sole discretion when it became unprofitable. Anyone using their service agreed to these terms, but I wonder how many actually bothered to read and understand them before buying. Many other sites were outright scams that just ran off with the money, I seem to remember some scrypt cloud service that disappeared after only a month. In the end I guess it is buyer beware.

The problem with this is the fact that in the past Microsoft has re-enabled the "default settings" on certain patches, thus you would still need to keep an eye on it long term to make sure it doesn't become accidentally undone.

So far it is looking like he has convinced a grand total of "0" people to invest.

https://block-explorer.com/address/Li8MbWsGCunJNWjRqLG1oz4kric2wyPe8p

This sounds like the alleged Chinese Ponzi scheme, but at least they are not asking for 500 LTC entry fee.

There is one faucet paying 1200 sat every 15 minutess = 4800 sat hour

There are a few like MoonBitcoin that pay on a timer, minimum 5 minutes between claims, say another 4800 sat hour.

Quite a few that pay between 800-1200/hour, say 1000 average on at least 10 someone reputable faucets = 10000 hour total

There are a bunch of shit ones paying less, but say you really were committed maybe pick up another 2400 hour

So we have 4800 + 4800 + 10000 + 2400 = 22000 satoshis/hr

22000 satoshis/hour * 15 hours = 330000 sat/day.

330000 satoshis/day * 7 = 2310000 sat/week.

2310000 satoshis (0.0231 BTC) * $270 (current BTC price) = $6.237 week

You could make a few extra dollars by playing other alt faucets in-between claims, but you would be working 15 * 7 (105) hours a week for less than $10/week, or $0.095 /hour. This also does not factor in electricity, internet, etc., so it really is not sustainable in any form whatsoever.

Video shows "Gas Station Explosion"....

Nothing to see here, move along.

Will Guldencoin make my pancakes taste better?

Anyway, the gif is great.

I also feel another dump is imminent for ETH, just because of its popularity, lots of money changing hands ATM. I am not sure of its future status but it sure is interesting to watch for now. I will be staying on the sidelines until it settles down.

The graph is correct as many boom bust cycles have proven it correct time and time again. What differs is the time-frame chosen and amplitude of the price. Myself I do not think we have had the despair phase yet, need some sub $100 for awhile to really shake out the weak hands, after that happens look-out. This may be a year or two away yet, it hard to tell as you can only correctly fit the graph to reality in hindsight.

I was confused my first week as well, but will try and explain how I believe it works based upon the last few weeks.

They count all your relevant posts from Sunday-Saturday each week and add up the results and update the spreadsheet on Sunday. Checking the spreadsheet in the OP after it is updated will show you your earnings and how many posts qualified, those will be highlighted in green (note that certain posts are excluded as well as one line posts or simple reply's such as "I agree", posts need to be constructive to be counted).

Izanagi who maintains the spreadsheet needs to submit this info to LightLord for the actual payment. Payment is usually made on Monday or Tuesday for the previous weeks postings.