What did you think would happen with an 80% premined coin?


It was a massive pump & dump; If you like it at $150 you're going to LOVE it at $5.

It's so funny you morons still haven't figured out it was a giant ponzi scheme.

And donkey's could fly out of my ass any minute.

Yup, it looks like Vitalik & Co are cashing out some of their 80% premined shitcoin.

This thread amuses me, the people that ignore or poorly attempt to refute this kind of information are like the little children that poke their fingers into their ears and scream 'La la la la la la I can't hear you', when you're saying something they simply don't "Like", in-spite of it's factual efficacy.

The average person has a 6th grade educational level, the average person in crypto probably a 2nd.

ETH is HEAVILY premined.

The Dev's blatantly put 12 million coins into a Genesis Block address for their 'personal use'.

An additional 60 million tokens were allegedly sold to 'anonymous' investors in the ICO. The oddities of that ICO sale however are the subject of debate. There was no linear mean average sales happening per day, thus  the majority of high-volume sales happened non linearly within the span of a few hours in random spikes, with the rest of the time no-one purchasing large amounts. Of course logically this points to a fraction of whale 'purchasers', which was either the Dev's themselves hoarding more coins, or institutional 'group-buys' to later pump&dump their premined shitcoin,. (Enterprise Alliance, anyone, derrrr?)


https://etherscan.io/stat/supply  - it's right in the blockchain newbs, ETH is 72,000,000 premined.

Here's another address of Vitalik pocketing another 12million premine coins for himself:
https://www.etherchain.org/tx/0x9c81f44c29ff0226f835cd0a8a2f2a7eca6db52a711f8211b566fd15d3e0e8d4


Yea, 'but muh devs need billions for da-world supa-puta, it not a ponzi'. If I had billions of dollars I would have built a spacestation on Mars. Vitalik gave you a ponzi scheme that's sole function is to launch more ERC20 ponzi's. What do you think happens when 8/10 of the coins are in only a few people's hands in such an illiquid market? Are you people really that stupid?

Enjoy poverty mETHheads.

Yes.

Ethereum sold 60 million token in a fallacious 'crowdfunding' (a.k.a Unregistered Securities Offering) - the data has pointed to the fact that the distribution in this ICO was deliniar; with most of the purchases coming in large batches, the implication inexorability being, that only a few people are holding the majority of the Ethereum Token.

Then, of course, the DEV's pocketed for themselves an additional 12million tokens - giving us a total of 72,000,000 premined tokens.

It is/was an utter spurious launch, and was unanimously declared a scam by the community during the first epoch of it's existence; yet, through marketing hype, fraud, and unfettered lobbying they've managed
to pseudo-legitimize their scam.

It appears only a a minutia of us remain that bother to do actual research and look through this blatant scam's marketing hype, however the modern milieu simply doesn't care - the scammier, the better, and more likely their ponzi is to make temporal 'profits' in this market atmosphere. Crypto has become a joke - it isn't what it was 3-6 years ago, and there is no going back, it's a snake eating its tail.

We all know this won't last - most poignantly with a neverending spewing of premined ERC20 tokens into the environment - which makes one wonder if Vitalik Buterin is working with some government, somewhere, to undermine cryptocurrency through this blatant scam.

You're not wrong.

Ethereum sold 60 million token in a fallacious 'crowdfunding' (a.k.a Unregistered Securities Offering) - the data has pointed to the fact that the distribution in this ICO was deliniar; with most of the purchases coming in large batches, the implication inexorability being, that only a few people are holding the majority of the Ethereum Token.

Then, of course, the DEV's pocketed for themselves an additional 12million tokens - giving us a total of 72,000,000 premined tokens.

It is/was an utter spurious launch, and was unanimously declared a scam by the community during the first epoch of it's existence; yet, through marketing hype, fraud, and unfettered lobbying they've managed
to pseudo-legitimize their scam.

It appears only a a minutia of us remain that bother to do actual research and look through this blatant scam's marketing hype, however the modern milieu simply doesn't care - the scammier, the better, and more likely their ponzi is to make temporal 'profits' in this market atmosphere. Crypto has become a joke - it isn't what it was 3-6 years ago, and there is no going back, it's a snake eating its tail.

We all know this won't last - most poignantly with a neverending spewing of premined ERC20 tokens into the environment - which makes one wonder if Vitalik Buterin is working with some government, somewhere, to undermine cryptocurrency through this blatant scam.

You're not wrong.

Ethereum sold 60 million token in a fallacious 'crowdfunding' (a.k.a Unregistered Securities Offering) - the data has pointed to the fact that the distribution in this ICO was deliniar; with most of the purchases coming in large batches, the implication inexorability being, that only a few people are holding the majority of the Ethereum Token.

Then, of course, the DEV's pocketed for themselves an additional 12million tokens - giving us a total of 72,000,000 premined tokens.

It is/was an utter spurious launch, and was unanimously declared a scam by the community during the first epoch of it's existence; yet, through marketing hype, fraud, and unfettered lobbying they've managed
to pseudo-legitimize their scam.

It appears only a a minutia of us remain that bother to do actual research and look through this blatant scam's marketing hype, however the modern milieu simply doesn't care - the scammier, the better, and more likely their ponzi is to make temporal 'profits' in this market atmosphere. Crypto has become a joke - it isn't what it was 3-6 years ago, and there is no going back, it's a snake eating its tail.

We all know this won't last - most poignantly with a neverending spewing of premined ERC20 tokens into the environment - which makes one wonder if Vitalik Buterin is working with some government, somewhere, to undermine cryptocurrency through this blatant scam.

Has anyone been able to sell these anywhere yet? It looks like yobit deposits are disabled.

Update, Product Received.

Pic Proof:  https://imgur.com/GxhmuXP


These guys are very reliable so far.

same, doesn't work

Didn't realize this thread was in the wrong section, I agree maybe a mod can move it.

Ok, I just placed another order with these guys, they are doing a custom order for me from a vape shop.

Screenshot: https://imgur.com/a/xyBMB


I selected first class shipping, so I'm guessing I should have the item monday or tuesday, I'll update when I get it.

Last time I bought something on amazon though them and it got here in 2 days with prime, but this time it's from a shopify store I think.

I'll update when I get the product.

I tried this out, product delivered quick from amazon.

Trying another order now. So far so good.

Excellent video on how to prepare your coins for the fork:

https://www.youtube.com/watch?v=S-raVquA_zQ


Only thing I'd change, for extra security, is waiting until after you've move the coins 'out' of the temp wallet and back to the main wallet (post-fork) to extract your keys.

Just wanted to give an update: Veldt came through with 5/5 stars. Had a USPS delay, not on Veldt's end.

Awesome customer service. Highly recommend Veldt for your bullion. Can't go wrong!

Domain Sale: NFLforums.net

Appraised Value: $370


https://www.godaddy.com/domain-value-appraisal/appraisal/?https%3A%2F%2Fwww.godaddy.com%2Fdomain-value-appraisal%2Fappraisal%2F%3Fisc=jan18da&checkAvail=1&tmskey=&domainToCheck=nflforums.net


I've had this great domain for years but I have never setup & hosted it.

This is a great opportunity for NFL branding!

Free GoDaddy push to your account.

All offers being considered

NFLforums.com is estimated at over $2,000



Accepting BTC/LTC/BCH/DASH/ETH


PM me for trade details.

We can use Escrow if you'd prefer.
https://bitcointalk.org/index.php?topic=303281.0

JP Morgan is working on it's own blockchain, it's been named Quorum.

https://www.jpmorgan.com/global/Quorum

Yes, banks are interested in blockchain, however they will (and are) create a private blockchain 'based' on pre-existing protocols, like Ethereum, Neo, or even Ripple. (However they will be not using the same network as the rest of us, think of it as a private hard-fork.)

This is a common misconception (and in my opinion, simply marketing fraud) with these press releases and corporate crypto announcements, it appears none of these companies will be using the publicly traded tokens, they will instead have their own private versions of the blockchains.

I've seen the same thing playing out with the 'Ethereum Enterprise Alliance', none of the companies are using the publicly traded ETH token, or even the Ethereum network, instead they are developing private blockchains based on Ethereum smart-contracts; as seen in the above JP Morgan Quorum example.

Sure enough, I've found the law that would prevent a bank from using an oscillating security such as Ripple for fund transfers, further codified in the CFR.

https://www.law.cornell.edu/cfr/text/12/1005.1


https://www.law.cornell.edu/cfr/text/12/1005.3



Using an oscillating security such as the publicly traded XRP token for Electronic Fund Transfers would be absolutely illegal in the US.

Here's an example of ripple's marketing fraud technique.

Ripple often likes to site a supposed partnership with 'SBI' as evidence of Banking Institutions using the XRP token for money transfers.

If anyone bothered to read the actual document they would find that this is patently false.

SBI is NOT using XRP for 'wire transfers'.

http://www.sbigroup.co.jp/english/investors/disclosure/presentation/pdf/170428presentations.pdf

In the 'SBI' Financial Reports, page 91, which many Ripple proponents spuriously cite as 'proof', is anything but; In fact, SBI claims that they will be investing as securities brokers into Bitcoin, Ripple, and ... wait for it, BITCONNECT, and... ergo initiating a crypto exchange where these token may be traded.

Again, SBI is NOT using XRP for 'banking wire transfers'.


This document being cited as evidence of Ripple bank adoption clearly says they aim to 'advance cooperation between virtual currency exchanges'

'Virtual currency exchanges, ala Gdax, Bittrex, Wex, Etc, not 'banking wire transfers'.


In other words the bank plans on creating their own Crypto Exchanger.



It's utterly pointless engaging Ripple shills as they choose to ignore the hoards of evidence contrarian to the wild claim of many of these Ripple Press Releases.


Note: there have been absolutely ZERO official statements by any Bank, let alone Western Union, that that the XRP token will be used for money transfers outside of running a 'test'.

As the news article notes, when contacted, Banks utterly deny having plans to use the XRP token. If someone has evidence to the contrary, provide it.

Indeed, some of these companies may have agreed to 'test' some Ripple network features, likely for use in developing their own private blockchains.

Further, As I've cited above, these tokens are, by their centralized nature, securities.

The SEC has been quite clear that ICO coins or centrally promoted tokens are securities.
Which, as I've proven above, cannot be used by any FDIC bank in America for money transfers.

https://www.sec.gov/news/public-statement/statement-clayton-2017-12-11
https://www.sec.gov/oiea/investor-alerts-and-bulletins/ib_coinofferings
https://www.sec.gov/news/press-release/2017-219
https://www.sec.gov/news/press-release/2017-227
https://www.sec.gov/news/public-statement/statement-potentially-unlawful-promotion-icos


As noted above, by Law, these tokens are considered securities and are therefore any FDIC banking institution would be ineligible to use them for money transfers.


Sorry but no bank is going to be using XRP for money transfers. This is simply false and illegal.

I can't walk into a bank and transfer a stock certificate's value to another customer. No, I'd have to first go to a broker, get the legal tender, then transfer it.

Bitcoin, as noted by the IRS, is considered a commodity, ICO coins or centrally promoted coins are considered securities.

Regulation is coming down this year whether you people want to acknowledge it or not.

Many of you are going to be surprised that none of this was as 'wild west' as you'd like to believe.

Laws are already in place, and the government will take their time to build solid cases against many of these companies.


Here's the latest from the SEC chairman, he is not amused:

https://www.cnbc.com/2018/01/25/sec-devoting-significant-portion-of-resources-for-catching-cryptocurrency-scams.html






See also https://www.law.cornell.edu/uscode/text/15/77b ‘Security’: The term “security” means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities’

No bank, by law, is able to use a volatile security such as Ripple for clients monetary transfers.

This kind of asset class would require a securities brokerage license and is not elligable for FDIC coverage, which all major banks are required to comply with.

https://www.fdic.gov/regulations/laws/rules/6500-500.html#fdic65001005.3
§ 1005.3  Coverage.

(c)  Exclusions from coverage. The term "electronic fund transfer" does not include:
(4)  Securities and commodities transfers. Any transfer of funds the primary purpose of which is the purchase or sale of a security or commodity, if the security or commodity is:
(i)  Regulated by the Securities and Exchange Commission or the Commodity Futures Trading Commission.

Sorry but no bank is going to be using XRP for money transfers. This is simply false and illegal.

https://www.youtube.com/watch?v=NhieGgf219Y



Bloomberg News confirmed that it has spoken to various multi national banks, who all had the same thing to say:

'We have No Intention of using the XRP token for Bank Transfers.'


It appears, Prima Facia, that 'some' Banks may have agreed to 'Test' certain 'Network Features' of Ripple's new network, but Bloomburg couldn't find a single bank that would be using the publicly traded XRP token to initiate bank transfers.


Of course, this is logical, why would a bank agree to use a publicly traded security token that may swing in value exponentially on a daily basis to move private, secure, customer funds?


Answer: They wouldn't.


At best, the XRP token is a security that would be traded by Banking Brokerages or Clearing Houses on demand for customers akin to a stock order.


A bank would NEVER, legally, or even morally, engage in risking customers pecuniary account values on a publicly traded, wildly oscillating security which could potentially jeopardize clients funds values.


Sorry to anyone who may have bought the hype, but it appears Ripple may have been engaging in Marketing Fraud with claims that banks would be using the publically traded XRP token to initiate private bank transfers.


If someone can prove Bloomberg wrong, and can provide an actual, official statement from a BANK, and not just a talking point from a Ripple press release, then we'd love to see it.


Until then: It seems Ripple is BUSTED.