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221  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase prepares to survive bitcoin halving & mass exodus on: May 19, 2016, 10:49:36 PM
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I'd be much more worried about how much the Eth price is going to implode.  It's a single entity pumping it who is going to exit before the Eth DAO can dump on May 28th.  So first the Eth pumper dumps, then the DAO people dump, then the Bitcoin halving happens to dump Eth more.  What do you supposed the Eth price is going to be after 3 mega dumps?

I'm sorry - but every major exchange with angel funding in the blockchain are investing in Ethereum.  It's difficult for me to imagine they are hoodwinked by a single entity pumping Ethereum.  Care to cite your proof?

Regardless - Bitcoin made early adopters very rich in return for the promise of on chain fungibility and an on chain payment network.  If I am correct about it's implosion - the cat is out of the bag.  Too many people are interested in crypto to go back so the torch goes to the alternative(s).

Ethereum is obviously the most hyped one.  And when you look at what they are doing with Augur there are some really cool applications (also some super dumbass ones).  The future scaling should allow a network where crypto can grow instead of insisting on 7 global transactions per second.

Outside of Ethereum I'm interested in Monero but it's doing poorly right now likely to the z.cash threat.  

Outside of Monero, Ethereum and z.cash I really don't know.

This represents a major decoupling from the idea "If bitcoin fails we all fail."  Which I have been rejecting since pre-ethereum launch.  Coinbase is showing very adequately how all of the inertia behind bitcoin can retool quickly if the protocol doesn't evolve (which it isn't).

I think it's totally possible bitcoin could implode and ethereum could shoot to a 4 billion market cap.  Or bitcoin could implode and ethereum could shrink to a 200 million market cap.  One thing I'm banking on though is that bitcoins size relative to all other alts will continue to shrink.
222  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase prepares to survive bitcoin halving & mass exodus on: May 19, 2016, 10:37:51 PM
Which ironically while a hardfork would have been a much better way to impliment segwit AND increase the blocksize to 2mb - core wouldn't do it due to blockstream financial reasons.  Citing hardfork as too dangerous.

Ironically Luke-JR wanted to do a quick hardfork to deal with what Brian is outlining here but since they've built it up to a terrible thing (and would essentially be admitting they were blowing smoke with ulterior motives for chain scaling) they can't deal with the possible hashrate drop by changing it to recalc difficulty faster.
223  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase prepares to survive bitcoin halving & mass exodus on: May 19, 2016, 09:46:18 PM
Wow another spam thread from Eth scammers.  Nowhere in the article does it mention anything about "mass exodus".  The only mass exodus is going to be when the $130 million denominated in Eth in the DAO can be sold on May 28th.  The single entity pumping Eth right now is going to pull the plug and dump long before that date comes.  Then the Bitcoin halving will also cause Eth to crater on top of that.  Eth is in a huge bubble and has 2 events coming that are going to destroy it (not that it even has any fundamentals in the first place).

Bitcoin refusing to scale onchain bottom line is what's going to blow it up.  Also it's what is driving the value to Eth.

Armstrong is forward looking due to this.  The value of a chain is fungibility - offchain scaling ruins that.  A network that is refusing to increase capacity is worthless to investors.

I agree Eth is in a massive pump.  Partially because of what you said "If bitcoin doesn't increase in value before/at/soon after the halving - it will be considered a failure."

People are starting to wonder if that's going to happen and eth is exploding.  

Do you really think doing this before the bitcoin halving is a mistake?   Like I said - Armstrong is hedging his bets and preparing for the worst with bitcoin . . .
224  Alternate cryptocurrencies / Altcoin Discussion / Re: Coinbase prepares to survive bitcoin halving & mass exodus on: May 19, 2016, 09:28:16 PM
This alarm bell went off in my head as well. Why now? I'm never mad at a company changing focus, but at such a critical /uncertain time, given blocksize/halving/eth competition concerns, why? Is someone aware of something we don't know? Because this transition is not free, capital and manhours will be spent to accommodate this rebranding/restructuring. and given how shrewdly this company has been ran, I don't expect a capital outlay without commiserate return.

Brian Armstrong has been a strong advocate of on chain scaling.  In fact, Theymos banned his support people who were trying to help people with deposits on /r/bitcoin for something Brian said on Twitter about bigger blocksizes (not /r/bitcoin).  Based on that and the way Blockstream ignored exchanges it has been my belief for awhile that Brian has had his eyes open for what would satisfy onchain scaling and be adoptable by the masses.  (All my theory).

Ethereum volume has been hard to ignore - it looks like he's taking a big risk.  Even R0ACH says if bitcoin doesn't go up significantly pre-halving that it can be considered a failure ... it's looking to me like it's going to go down which in conjunction with the halving of rewards could pull miners off and overload the already overloaded blockchain.

Which could be bad.

Watch things closely over the next several weeks.
225  Alternate cryptocurrencies / Altcoin Discussion / Coinbase prepares to survive bitcoin halving & mass exodus on: May 19, 2016, 09:00:59 PM
http://www.coindesk.com/coinbase-exchange-rebrand-ethereum-trading/
226  Economy / Reputation / Re: Does anyone really believe that "HONCHO" isn't TPTB_Need_War/Anonymint? on: May 19, 2016, 02:14:08 PM
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Oh, this will be good then.  In case you don't know, jl777 is a nutcase too.  "James" (not his real name) got involved in crypto after his failed bid at the mayoral seat of San Diego.  He also used to claim that he had President Obama on speed dial.  This is the genius who commits gross acts of malfeasance when he gets upset.

Any sources on this?  Sounds like great buttcoin fodder
227  Alternate cryptocurrencies / Altcoin Discussion / Re: I am early ETH adopter. Just sold half of my ETH on: May 18, 2016, 04:08:04 PM
Nothing fishy about getting an extra $2 for a crypto ... selling directly for paypal fiat (stolen ccards).  

Wouldn't touch this with a ten foot pole.
228  Economy / Reputation / Re: Does anyone really believe that "HONCHO" isn't TPTB_Need_War/Anonymint? on: May 18, 2016, 03:40:42 AM
Don't you think it's possible he's trying to retain plausible deniability while using his reputation to sell his project?
229  Alternate cryptocurrencies / Altcoin Discussion / Re: Is The DAO going to be "Dead on Arrival" ? on: May 17, 2016, 05:12:34 PM
Posted by "The Litecoin Guy" ... oh the irony
230  Alternate cryptocurrencies / Altcoin Discussion / Re: Who will the SEC investigation uncover as the Eth manipulator? on: May 17, 2016, 04:44:54 PM
Bitcoins roadmap is for scaling pretty much 100% off chain.

Ethereums roadmap is for scaling on chain.  With 100's and then 1000's of TPS + statetree pruning there is much more promise of on chain scaling in Ethereum than bitcoin.

Edit:  I traded Eth for BTC and my transaction was hung for over 12 hours @ ShapeShift.  No doubt this was their problem, there's nothing wrong with the new currency of the world's future only being able to handle 7TPS, it's my fault for using ShapeShift etc. . . BitCoin is a bigger pain in the ass to use than any of the other cryptos I deal with.
231  Alternate cryptocurrencies / Altcoin Discussion / Re: Who will the SEC investigation uncover as the Eth manipulator? on: May 17, 2016, 04:27:55 PM
Eth is currently pumping because of the rumors they will be listed on OKCoin. 

IMO the only reason Eth is above $8 a coin (instead of hovering somewhere around litecoin) is because bitcoin is pretty much refusing to do on chain scaling. 
232  Alternate cryptocurrencies / Altcoin Discussion / Re: The bottom will drop out of the alt market soon on: May 17, 2016, 04:07:42 PM
This obviously is not happening.  This should be when BTC is at it's strongest point (from now until halving).

You're fucking stoned man.  There's been so many shakeout attempts on BTC.  They keep trying to break through 450 but it doesn't work.  They want to get it as low as possible right before the halving comes then launch upwards.  The Eth pump is so they can attempt to dump on momentum traders to get BTC for the halving.  I even have a screenshot of one of the several shakeout attempts on BTC in progress.  I know this market and the players in it like the back of my hand and don't need some old jew named Armstrong to tell me what it's going to do:






Can't wait to see if you're right - what do we have four more weeks?
233  Alternate cryptocurrencies / Altcoin Discussion / Re: The bottom will drop out of the alt market soon on: May 17, 2016, 02:01:46 PM
This obviously is not happening.  This should be when BTC is at it's strongest point (from now until halving).  Altcoins are making some major headway (Ethereum, TheDuh, Maidsafe, Dash).  Bitcoin dominance is listed at 80%.

I wouldn't want to be in bitcoin after the halvening if it doesn't spike up from here.  If it looks weak when it should be the strongest ....

Ironically bitcoin alternatives (vs different projects that aren't trying to be a store of value).  LTC, Monero (weak because of zcash?) aren't doing as well as the pump and dump projects (or revolutionary if you're an optimist instead of a cynic).  They appear to have completely stolen bitcoins thunder at this point.

The story isn't these other coins.  The story is how weak bitcoin is and how much it needs to pump and dump crowd that really don't give a shit about long term - just making money off dumping on top of someone else's head.  Bitcoin really is no better than any other alt and I believe the coming halving is going to put that on display based on what I'm seeing in the markets right now.
234  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 15, 2016, 05:29:05 PM
The price is slowly sliding down as I thought it would be doing.
It goes down approximately 10 % per month.
If it continues on the same track, you are making money if you are able to borrow Moneros for lower rate and short it.


That seems a bit risky even though I lost a bundle on the slide from $1.20 to $.85.

If a bug pops up in ethereum or the doa it's pretty obvious monero is used as a hedge and it's size is a mud puddle next to a lake with a dam ...
235  Alternate cryptocurrencies / Altcoin Discussion / Re: Why would anyone buy this DAO crap? on: May 14, 2016, 02:49:39 PM
R0ach.  The reason is because the way the contract is setup before any proposals are voted on pre-investors can withdraw 100% of their originally invested Ethereum (assuming they purchased in the first 14 days).  After the first 14 days the price goes up by 5% a day until it's at 150% (the additional price bumps can't be withdrawn).

I suspect it's people gambling on supply and demand - "If someone is willing to pay 150% on day 31 then I'll be able to sell it on open market for 150%.  Also it will never be worth less than what I paid for it in Eth because I can just cash it out (until crowdfunding starts using the money to fund stuff).

I'm sure there are some hardcore believers.  But only a fraction of the people who purchased DAO.  

P.S.  They just extended the presale by one day.  If you wanted to short Ethereum now's the time to do it.
236  Economy / Digital goods / AMD Hitman Code - $7 on: May 13, 2016, 06:33:12 PM
I have AMD Hitman Codes for $7 ea.

Like this - except digital (from newegg).
http://www.ebay.com/itm/Hitman-2016-Game-Code-AMD-Rewards-Full-Version-Will-not-email-/201571151322?hash=item2eee93adda:g:8bsAAOSwAvJW-urk

Happy to use Escrow.
237  Alternate cryptocurrencies / Altcoin Discussion / Re: Daohub to become one of the largest crowdfunds ever. on: May 13, 2016, 05:51:49 PM
They decided not to shut down their forum.  It was a political thing - not a money thing (they never took miners up on offering to fund it)
238  Alternate cryptocurrencies / Altcoin Discussion / Re: Daohub to become one of the largest crowdfunds ever. on: May 13, 2016, 03:54:39 PM
I have a feeling Ethereum is going to dump so hard ...
239  Alternate cryptocurrencies / Mining (Altcoins) / Re: Post pics of your Custom GPU Rig Frames on: May 13, 2016, 05:14:45 AM
240  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: May 13, 2016, 12:59:01 AM
Can we crowdfund a an add campaign on /r/bitcoin just to piss everyone off on GUI release?

Monero: Just finished solving all of bitcoins problems.
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