I like you, and you get a cookie.

What is the deal with ETC price ATM? I missed the news that is causing the downward price movement.

And don't get Tether, it's literally pegged to the dollar in a way that's going to hinder speculation. While it may move every so slightly, if Tether works, then you should have the same amount of value that you put in.

I have large head solidarity with Mt. Buterin. It's hard holding these things up, necks weren't made for this type of abuse

It's hilarious to me but slightly off taste. Would be akin to Karpales wearing a 'tx mall' t shirt.

My favorite:

"We have learned that due to constraint in toolset and human limitations, it is very challenging to write smart contracts that are both complex in nature and 100% safe. Therefore, it’s fair to say that the discussion of any Ethereum-based project should be handled with the great care it deserves."

There are so many hurtful things I could say...

Early adoption, as you have said. The early bird gets the worm, in this case, a large clusterfuck of creamy, delicious value. This is about as fair as it's going to get; early bitcoin adopters took the ultimate risk with adoption. This was the first crypto. There was absolutely no guarantee this would ever come to fruition.

This is the level of reward associated with that level of risk. Had bitcoin failed, all that time and resource would be gone with no recompense.

Also, I have no beefs with LTC. I'm really ambivalent, I actually like the sphere as it is, with a ton of competing assets. Im more concerned with the electronic value store part of it; the underlying technology means little to me if the price is stable, the network is sound, and the confirms are fast. If TRUMPCOIN became bitcoin overnight, I would shrug, and begin using TRUMP. I apologize if it seems I have been attacking LTC, certainty not my intention. It's one of the good guys

And yes, banks are the god damned devil, as is PayPal.

ROFL. I'm usually on the same page with Spoet, it's just hard to follow his tone sometimes. You start reading and you are ike 'Naw, no one gets this mad' then three all caps paragraphs later, you are like 'oh shit bro he is oh so serious'. But, he makes perfect sense most of the time, people feign not understanding him to be dismissive.

That's the point. It was the first. No one knew to mine btc as it was so bleeding edge it wasn't really a thing. Like, by definition this isn't a premine, the eidos of crypto mining was born on the day he started the Genesis block. It was only beyond the public awareness because no one really cared, not as a caveat of access.


Then they won't be publically known, and therefore will not influence the price. Any one orderbook eating these coins is just that, a singular orderbook. If it crashes, there will be others. I'm agreeing with you.

Also, anyone buying this magnitude of coin avec fiat will absolutely need to know Satoshis identity. It is illegal to make a transaction of this size without federal reporting; KYC will rear its head

No one seems to get that Satoshi would have absolutely no incentive to harm the price of bitcoin. I'm pretty sure he would even come forward before moving said coins. Besides, I don't think any single orderbook could eat all that sell.
Let alone the fact that no exchange is going to let that happen, for profit reasons as well as KYC/AML concerns. These coins move, they are getting frozen until much 'splaining has been done. This is the most watched wallet series in crypto.

For the record, there was no premine with BTC, to the best of my knowledge there were other people mining at the beginning. Since this was literally the first crypto, you have to assume that wouldn't be too many people. Like, mining was a new and alien concept at this point. So, whike the coins may be concentrated, it's due to a really small user base in the beginning.

I LOL'D.

So, am I the only one that's going to be holding LTC in anticipation of GDAX adoption? Or is this obvious at this point? Am I missing something? Because the last time someone even breathed the words 'LTC adoption' at GOX, people lost their minds buying LTC. And GOX is far from GDAX.

While I'm not invested in this asset and have no intention to, I must say that a premine, ESP one as small as this, is much more preferable than all the ICO style cash grabbery that usually goes down here.

Same here. On exchanges, there tends to be more liquidity on LTC pairs, ESP during crisis. When wallets stick at exchanges, LTC has saved many a trader from being trapped.

Perfect. 

Lol, so true! Sig campaigns are the way to go here, predictable income that's pretty decent for the work.

Brother, what beef do you have with LTC?

I feel like there is more story than you are telling us.

The Ethereum Foundations' very existence depends on this coin staying well capitalized, and in a decent price range. There is a reason why the price on this one keeps popping up like a zombie. ETH attracted some real VC, and it shows; they aren't going down without a fight.

LOL, exactly. It'd be much easier just to fork again, and we've seen that forks aren't a problem for this coin

LOL. It's like, what makes these guys decide a coin is dead? This coin by metrics has been a top coin for years at this point. It's like guys just wake up one morning and decide red is the new blue.

And given how hard it would be to FUD a price change into LTC, given market cap, I never get these threads.

This. No one has mentioned the fact that the white hat coins aren't the only ETC the Foundation has control over. And they won't be so blatant with it the next time, they were going for max effect the first time. Subtlety will be the name of the game.

Yeah, this had me confused. If it's dead, it's dead. Also, if these coins have 'dead' mining communities, are you going  to have to mine them just to ensure transactions will process timely on chain (so people can trade the coins?). Going to have deposit/withdrawal issues on weakly mined coins.