http://www.coindesk.com/overstocks-2014-bitcoin-sales-miss-projections-3-million/

Overstock projected $12 million in sales but only had around $3 million in 2014.  Overstock is also regarded as the largest merchant, both by size and volume of sales, accepting BTC.  In comparison, industrial miners are said to be dumping $2 million a day to pay for their electrical and overhead expenses.

So think about it hard.  Overstock only averaged like $9000 a day in BTC sales while miners are dumping $2 million a day.   Yeah OP - I am sure it is those merchants killing BTC and not the high cash mining whores who are milking the blockchain dry..    

TM?

Tomorrow?   

Just because you made money on a coin does not mean it wasn't a scam.   There were people who also made money on Aurora and Paycoin and all the scam $hitcoins out there.


Bitshares many times now have changed their core mechanics to benefit themselves and to screw over their adopters.  Heck even before there were "adopters", they screwed over hundreds of people on how they determined to take a snapshot of the old PTS!   BTS has been making those sort of blunders since the beginning.   Then the regular unethical lies they make regarding their pegged assets ("safer than a Swiss bank account", lol).  

 What do we call that if we can't use the word scam?     The Larimer Lieimer Money Tree?    Lieimer funbucks machine?

How do you find out the command unless they tell you?  What if the steps are so complicated that most cannot follow through with it?

Seems like a setup intended because Ethereum already spent most of their money and they need to sell their free Ethereum on unsuspecting people but don't want competition from investors selling.  This is worse than Ripple's centralization.  

Remember folks - it was BTT that was warning the masses about Pay Coin (and Aurora long ago) and now we're warning you about Ethereum - consider yourself warned..  

Perhaps but we never know what goes on behind closed doors.  That Ethercoin never had much volume, AFAIK, and it could had been somebody buying up their own stuff and catching the occasional sucker now and then.

The reality is you don't know unless you get to play with the GUI yourself.  That could just be a mockup and yes mockups can be interactive.  Quite probable that Ethereum is systemic deceit and there's little that can be done about it.

Not sure what he meant by that.  There's anecdotal evidence of many people who were around back then and at the time I wasn't able to find Ghosthouse on the stakeholder list.  Also a lot of people, back then, had copies of the stakeholder list that went back months too.  I'll wait for Eadeqa to provide a link proving his assertion.


This is the same burden of proof reasoning (a logical fallacy) that people have been pulling for months.
http://en.wikipedia.org/wiki/Legal_burden_of_proof

Sure that works with drunks in the bar and kids in kindergarten but it would never hold up in a judicial court and would be thrown out.  




Not to turn Bitcointalk into Philosophy Logic 101 and those examples are exaggerated to make it obvious why the logic is wrong.  Most real burdens of proof are not as obvious like yellow polka dotted aliens (nor do they write: "Has anyone ever proven otherwise?") but on Bitcointalk they're frequent.

https://blog.ethereum.org/2014/08/08/ether-sale-a-statistical-overview/

Top 100 addresses control 45.7% of all Ether.  Addresses =/= people.  It is a common security practice to split your funds up amongst different addresses.  So it could be as few as 10 incredibly rich investors or representatives from a fund who didn't want to publicly associate with Ethereum (or banking managers from our beloved Goldman Sachs).  Last time a bunch of guys tried to create a rich mans' ponzi scheme (Pay Coin / Mastercoin) it didn't work out that well.  The thought process here is if I throw big bags of money at a coin that it will attract subsequent bags of money but it doesn't work that way in cryptos.  People who bought into high IPO projects of 2013-2014 made more money off things like NXT, Doge, et al.




 The alternative explanation, like Maidsafe, is that it may had involved laundered bitcoins from Mt Gox (perhaps Mark Karpeles is the biggest holder of Ethereum).

https://bitcointalk.org/index.php?topic=582731.0


but yes the economics as the investment aren't there.  There is no proof of concept with Ethereum and PoW is diluting the investments from those people.  Furthermore, with the exception of spamming articles that only get read by hundreds on obscure crypto news sites, the launch is supposedly only days off and yet their forum is a ghost town and their Reddit only has mild activity (their forum was dead months ago).


As for our teenager mascot Vitalik getting awards - they hand them out to every kid if you go to any sports' minor leagues.

When BTC had hit $1200 - the early adopters from 2009 saw a return on investment of around 450,000.  Meaning a $10 investment in 2009 netted them $4.5 million in late 2013.  This was possible because BTC was initially fractions of a cent.

It's not a bad assumption to treat alternates like pokemon cards, buy several dozen good ones, and maybe waiting 6 to 10 years and lucking out on one or two of them (if it happens).   Maybe you won't make millions but nobody would disagree over a free apartment or a nice car.

Besides alternates do bring a lot of people into Bitcoin.  Doge brought in a lot of people into BTC, who were previously not users of Bitcoin, and many of them did not come from the traditional libertarian crowd of which most bitcoiners came from.

I think Satoshi is interesting as the inventor of the blockchain and is alleged to own a million Bitcoins and thus could kill this 'bitcoin experiment' overnight.  

BCnext, if you ignore the obvious forgery "BCnext's plan" (cult stuff like that is disturbing), shipped out a minimally developed project and cashed out his stake at the first opportunity and was never seen from again.  Not sure why people engage in revisionism over a guy who cut and fled.

UtopianFuture lost his organization stake and it wasn't just Patmast3r who did the sock analyses, so I doubt UF has an army of socks and that isn't what he admitted to (he admitted to creating few socks for advertising which is something you still see on BTT today). Again this is indicative of the revisionism you see among certain people in crypto currencies, where their minds invent a reality that never took place.


There's actually people on the core team and then stakeholders in general who would take UF back if he showed up.  UF isn't anyone here.  UF gave his email out to a lot of people (and registered it on a lot of sites) and it is back traceable to his linkedin and other social media account.   The only reason those people don't expose UF's info is because he'ld probably get death threats from Joshua Zeidner or the career criminals which frequent crypto currencies would try to extort him / blackmail for money he doesn't have.

http://nxtcoin.blogspot.ca/2014/01/nxtmyths-1-nxt-is-not-scam-it-wasnt.html
"There were only 8 original stakeholders who paid 1 Bitcoin during open IPO.[11] Each of them got 50 million NXT"

Very Josh Garza language ("it's not a scam") but all the numbers indicate it was a scam.  Scam distribution

This means the announcement on March 20 is: "oh oh wesa out of yo monies!" and closes with poetry verses?   

Sure it's easy.  Create a dumb name, steal a logo from Mass Effect and call it 'second generation' and install backdoors in the code.  These people did it very well.

https://bitcointalk.org/index.php?topic=303898.0


Count the people in the photo - eight people - just like the eight whales of NXT.  Last laugh is on them.     They became millionaires while everybody else is holding the bag.   

Well OP that doesn't help you very much, unless you want to create your  own crypto.   

Wrong

Don't insult FireFox by comparing your NxT with it.  Firefox is faster and users are less likely to get malware and viruses and add-on installations are flawless.

NxT is more like an Internet Explorer, with all those crappy add-ons installed without your consent so it runs like shit and you contemplate suicide when it freezes / refuses to work, but compiled by a guy in Russia who installed malware and trojan backdoors on it to steal your credit card and login details.

   


Jeff Garzik (Bitcoin Developer on NXT): "Several security incidents that smell like inside job"

Not sure why you're going into an ad hominem when I wasn't making an argument.  Was asking you to provide that link of him going nuts on Ethereum.  Otherwise if he said Ethereum sucks as an investment then he did nothing foolish.

What specifically was CfB referring to?  The first link on Google was only about Jeff Garzik saying Ethereum was a bad investment and who would disagree?  $18 million IPO + PoW = where is the ROI commensurate with the risk?   Until you have a proof of concept, which Bitcoin itself is still struggling with an user adoption of 250,000 after 6 years and alts are doing far worse,  there shouldn't be $million dollar IPOs.



Of course Jeff Garzik also kind of lives on twitter and I don't want to scroll past 1200 messages to find the one thing CfB was specifically mentioning.

NAS coin has a better client.   

Regulations are very lax and essentially non-existent.   Japan is in the middle of the recession and typically the last thing you do, in a recession, is chase away capital and jobs (unless you are the United States).  That's primarily the reason why all those Bitcoin companies are going to Japan.


Still Japan is still a dangerous place to run your business because Japanese prisons are infamous for being among the worst / most punishing in the developed world.  So you don't want to be running a business in Japan and find out one day, overnight, you broke some new law.   Prisoners come out of Japanese prisons sickly and malnourished.  Not like the European prisons people on BTT are used to where you get to play video games and eat off the smorgasbord and they let you go home on the weekends.

"Ryan Fugger conceived Ripple in 2004 after working on a local exchange trading system in Vancouver"

Shit is even older than Bitcoin and has gone nowhere in all that time.  If Jed & friends didn't control 98% of Ripple (market manipulation) then their coin would be competing with NuBits in capitalization.  Ripple is like the trust fund 40 year old working at his 5th attempt on an engineering degree and telling everybody 'this time it will be different'.    Sometimes you got to stop enabling the crypto losers.