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i don't have one, because at -ve$ people will give me BTC for nothing which would be my ideal situation.
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After silk road closed, the price mini crashed, similar to now, post god
Even if GOX sorts this all out it, BTC withdrawal issue remains, and Gox lost significant goodwill and trust.
One side of the trust equation was lost the withdrawals were basically stopped
The Other side is BTC being stopped.
in a post GOX environment, the prices will surge as that uncertainty is now gone.
Any money that was going to GOX will go to BTC-e and friends
also there are a likely lot less coins than people thought due to Gox.
when the silk road crashed, I think that was a different case altogether. first of all, that was within an up trend, this is a down trend. The silkroad closure was a surprise, a surge now would be because of nervous holders. also, the time and price scale is much different. i don't think anyone can predict trends. however a massive uncertainty is be removed from the market now. |
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After silk road closed, the price mini crashed, similar to now, post god
Even if GOX sorts this all out it, BTC withdrawal issue remains, and Gox lost significant goodwill and trust.
One side of the trust equation was lost the withdrawals were basically stopped
The Other side is BTC being stopped.
in a post GOX environment, the prices will surge as that uncertainty is now gone.
Any money that was going to GOX will go to BTC-e and friends
also there are a likely lot less coins than people thought due to Gox.
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Every time Mtgox has an issue you get people running to the forums yelling OMG its the end and it always passes. Remember last time they had an issue? It got resolved and now no one talks about it. I am sure many wallets and exchanges are seeing the same thing with withdraws. There was a surge in withdraws my site last night. I had $3500 when my average is a couple hundred.
well no the issue is and has been for months no one can get money out of god now its btc as well, you know they whole thing about BTC is it can be stopped being sent, and is relatively easy to do. |
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I just want to know what happened with Eid, or why people internally from the project now seem to have less faith in it and calling it centralized etc? Any note on this? Its kind of bad when you own employees / ex-employess / supporters / ex-supporter say its a scam
I'm not sure they said it was a scam, as to centralised, I think some think having a company means centralised, it doesn't. Rather it a result of being public, you probably have to do it. I thought I had explained this already but apparently not. Please read: https://bitcointalk.org/index.php?topic=439045.msg4930738#msg4930738this point is not correct 4: eMunie Ltd: This is the developer and whoever else is on the board of this corporation (who are they btw?) getting in bed with one of the most ruthless and dangerous criminal cartels in history (Her Majesty Queen Elisabeth II and her government) and agreeing to play by their rules. We have to TRUST the developer when he says he will simply close the company if it becomes necessary. a company is free to give stuff away. I didn't claim otherwise. so 4's a non issue inmho |
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But we have an obligation to work within the legal framework.
There are a lot of guys on this forum who want to make the world better and u have lost them right now. Sad, but I see that success of Ethereum will be beneficial for banksters, not for ordinary people... You know, I just don't understand this sentiment. Does our government have problems? Hell yes. Does our government nonetheless serve a vital function in the world? Hell yes. IMO, setting up this organization in a legal, legitimate manner will bring in 100 people for every 1 anarchist that's turned off by the idea of following the law. Bottom line: You have to operate within a legal framework, or else you risk going to prison. Rightly or wrongly. Most people don't look forward to the idea of prison, not to mention that it would be rather difficult to maintain the Ethereum code while sitting in a jail cell. Or while running from the cops. Or while hiding in a third world country. Go figure. well no, its open source so there are plenty of people to maintain the code if its worth doing. And you can jurisdiction shop to set up etherium in as well, e.g. Singapore or Denmark would be good. There is no reason to be in the US , and every reason not to be. |
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egg & ham................................................sandwich!
sorry couldn't help it, anyhow this thread needs a bit of levity
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it could be an etheirum fork would set fees lower...... I still think there is some confusion about fees here. Fees do not go to ether holders nor the project developers. The fee structure has no impact on who owns what. my understanding of fee in this context is the fee goes to the execution of eth code, I don't think I am confused on that point so the question stands |
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"The revolution begins with the mind and ends with the heart. Knowledge for all, accessible to all and shared by all" Our goal and what we try to do every single day. But we have an obligation to work within the legal framework. If the United States wants to make the deployment of Ethereum difficult, then we can't change that reality. We just have to work around it as best as we can and eventually get Ethereum launched. so pick a different jurisdiction, or no jurisdiction. |
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@bitcoingeo1, The most important feature people look in any digital currency is for 3Cs i.e. convenience, costs and credibility. Bitcoin and other such coins may have qualifications over convenience and costs but they hardly have any credibility and are not back by anything!!! Which is why a person like me who wants to use cryptocurrencies for convenience and costs but also cannot forget most important feature called credibility. I have been staying away from bitcoins, litecoins, altcoins and others because they have no credibility and backed by nothing (or may just some binary codes). However, I have found a very promising digital currency called NOFIATCOIN–XNF- http://www.nofiatcoin.com A new digital currency which is backed by actual bullion which is traded on Ripple network which is the fastest and robust currency network. but what backs bullion? and what keeps the bullion safe or contracts enforceable. Further bullion is endlessly manipulated by gov's |
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vitalick could you please answer
[1] I don't quite see how the price to execute etherium code will be determined.
there has to be some sort of clever system based on realtime or near realtime demand for, well what ever the limitation is to get things into the next block?
it could be an etheirum fork would set fees lower......
etherium = a bundle of switches, how do you price using a switch? ( iasked the same question of master coin and still don't have an answer....)
[2] I am also wondering if some sort of of chain processing can be done, and results are somehow integrated back into the etherium chain, that can be verified thus reduce bottle necks.....
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how do you locate Rendezvous addresses?
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talk about goxed into a corner.
I bet you can still get BTC and FIAT in though!
This makes FIAT more valuable in god as a least you have the smallest hope of some legal recourse, but BTC, no.
i add, that post gox, will have a similar effect to post SR, on price
if it turns out there is full fractional reserve BTC on GOX, and by full fractional reserve I mean, no BTC, this means there is a lot less BTC to be purchased out there than people thought.....
has anyone confirmed some dust can still get into GOX (i bet it can)
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FUD and yes dump sell all your coins now at cut fair price to me the market.
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I highly, highly, doubt Gox is going belly up. They handle an enormous volume both in trade and deposit/withdrawals. Obviously there is some sort of issue that needs to get solved. Maybe there is some sort of issue that only crops up with very large withdrawal volume. Either way, chill out. :-)
but this for fiat has been join of for 6 months now. I'm sure they are near full fractional reserve now which is a polite way of saying not fiat no btc,which means no pro its tom trading either because taking 0.2% from fake fiat or fake BTC = 0 profit |
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I just want to know what happened with Eid, or why people internally from the project now seem to have less faith in it and calling it centralized etc? Any note on this? Its kind of bad when you own employees / ex-employess / supporters / ex-supporter say its a scam
I'm not sure they said it was a scam, as to centralised, I think some think having a company means centralised, it doesn't. Rather it a result of being public, you probably have to do it. I thought I had explained this already but apparently not. Please read: https://bitcointalk.org/index.php?topic=439045.msg4930738#msg4930738this point is not correct 4: eMunie Ltd: This is the developer and whoever else is on the board of this corporation (who are they btw?) getting in bed with one of the most ruthless and dangerous criminal cartels in history (Her Majesty Queen Elisabeth II and her government) and agreeing to play by their rules. We have to TRUST the developer when he says he will simply close the company if it becomes necessary. a company is free to give stuff away. |
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But that is one in the same ... it's really a turn-off for investors when you're asking money from them and then immediately diluting their shares with the premine.
I don't see why so many people think of it that way. When you're getting VC funding for a startup, it's common practice to hand out something like 10-20% in the first round. Nobody ever thinks of that as some kind of evil plot where you sell the company and then pull the rug out from under the hapless venture capitalists and dilute them 80-90%; people think of it as, well, you creating X shares and only handling out 0.1X-0.2X to the VCs. It's the same here; we're taking preorders for 67% of the initial issuance instead of 100% of the initial issuance. It could be because crypto's are money itself, not just another VC startup. The former relies on the shear force of the idea itself, the latter relies upon a huge kickstart, makes a lot of people take risk. ETH = best thing since sliced bread and eth needs $100 Million (or whatever) does not compute. Further BTC, LTC and PPC has proved that you can do it with out asking for huge funds up front, and those three are in the top market cap. Sunny King exemplifies good practice. He spent a year on PeerCoin, and was out their having to buy up, mine or mint his own product. Zero premine, zero funding. The Same for XPM. SK goes to the point of refusing donations. so far in ETH, you are going to raise 30K btc, that puts you $20~30 Million then, do a premine as well. Its hard to think of any thing else that has anything near this in startup terms, in crypto's, ripple maybe. I'm not saying the ETH offer is wrong, or bad, but his IPO model garners a lot of negative feed back. However this why a judge can never judge himself, thats why "You don't see why so many people think of it that way." It would be near impossible to be objective in your position, thus this weights out the counter argument in your mind. Wetware usually cannot occupy a subjective domain and function objectively. |
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media affects minds, that sell me cheap coins and then buy from me expensive coins.
thank you media, thank you media affected minds.
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I don't quite see how the price to execute etherium code will be determined.
there has to be some sort of clever system based on realtime or near realtime demand for, well what ever the limitation is to get things into the next block?
I am also wondering if some sort of of chain processing can be done, and results are somehow integrated back into the etherium chain, that can be verified thus reduce bottle necks.....
it could be an etheirum fork would set fees lower......
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I don't quite see how the price to execute etherium code will be determined. there has to be some sort of clever system based on realtime or near realtime demand for, well what ever the limitation is to get things into the next block?  I am also wondering if some sort of of chain processing can be done, and results are somehow integrated back into the etherium chain, that can be verified thus reduce bottle necks..... it could be an etheirum fork would set fee lower...... |
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