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Author Topic: What happenend to Ethereum?  (Read 5792 times)
Mellnik (OP)
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June 24, 2015, 01:51:30 PM
 #1

Haven't heard of that shitcoin for a long time.
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June 24, 2015, 02:19:48 PM
Last edit: June 25, 2015, 06:00:22 PM by benthach
 #2

scammers took money(btc) and run or slag off a bit to enjoy the free lobsters

reddit btcwriter1 - twitter kingpininvestor
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June 24, 2015, 04:00:08 PM
 #3

It was overhyped... Will be interesting to see which of their promises they can deliver within their timeframe.. And what the price will di, especially since btc was more than double the price at ico time.
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June 24, 2015, 04:03:50 PM
 #4

anyone have updates on Ethereum so far? haven't been following it lately, last i heard they were doing test and paying out bounties for people to break their system.

i think NXT is strategically waiting on Ethereum to see how they deal with smart contracts before moving into this space since its so new and untested.
Riddikulo
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June 24, 2015, 06:30:17 PM
 #5

Ethereum was the biggest altcoin scam EVER.
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June 24, 2015, 06:33:07 PM
 #6

They took their 1000s of BTC and dumped it on the market and ran.

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June 24, 2015, 06:35:26 PM
 #7

They took their 1000s of BTC and dumped it on the market and ran.

And when they dumped those 30000 BTCs in the market, the price of bitcoin went from 600usd to 200usd. So they scam a lot of people and kill the cryptos (including bitcoin). What a nice fucking well done job  Angry
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June 24, 2015, 08:02:33 PM
 #8

what proof is there that they dumped the coins?

anyone have stats on how much they are paying their devs since its a "transparent" company? or is that info not public?
Things Change
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June 24, 2015, 08:31:30 PM
 #9

It's pretty much well known that their public wallets are now empty and people could see them getting lower each time they dumped.  Wink
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June 24, 2015, 08:34:38 PM
 #10

i wonder how much the devs get paid....
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June 24, 2015, 08:49:27 PM
 #11

They took their 1000s of BTC and dumped it on the market and ran.

And when they dumped those 30000 BTCs in the market, the price of bitcoin went from 600usd to 200usd. So they scam a lot of people and kill the cryptos (including bitcoin). What a nice fucking well done job  Angry

Helped me when I was buying some more. Smiley






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EvilDave
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June 24, 2015, 11:10:45 PM
 #12

i wonder how much the devs get paid....
They got paid all of it, apparently:
https://www.reddit.com/r/ethereum/comments/39mhko/does_eth_intend_to_release_financial_statements/


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TaunSew
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June 24, 2015, 11:38:46 PM
Last edit: June 24, 2015, 11:55:28 PM by TaunSew
 #13

You mean the media creation of the child prodigy Vitalik Buterin, who was previously an editor for an obscure magazine read by almost nobody and displayed no indication of programming skills, turned out to be a fraud?  I AM SHOCKED!   How did an obscure magazine editor receive more fame than the programmers of Bitcoin themselves?  Gavin used to work at MIT and yet our intelligence is constantly insulted each time the crypto media pushes forward some boy wonder genius and claims he has more intelligence, programming skill and drive than all the Bitcoin developers put together.

I'll lay down the truth.  Vitalik Buterin, even during his Bitcoin magazine days, was always traveling around the world and partying it up on other people's dime.  There's no way he has been programming for Ethereum if he is always flying to some party in Hong Kong or London or somewhere in the states, no absolutely way, anybody who has traveled a lot knows it throws you off from being productive.  Vitalik was obviously just a salesmen the entire time.   Whether Ethereum was "his" project or if it was really an external party who used him as a mascot, we don't know and may never find out.

People have been ghost coding in his name (like ghostwriting).  Whether that's Goldman Sachs who have a boiler room full of Indians programming Ethereum code or it's his friends, we don't know, but what do we know is they've already burnt through the money.
https://en.wikipedia.org/wiki/Ghostwriter



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TaunSew
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June 24, 2015, 11:49:52 PM
 #14

It's pretty much well known that their public wallets are now empty and people could see them getting lower each time they dumped.  Wink

This is antecedent and coincidental but my observations, at the time, there was a correlation between Ethereum dumping BTC and the $Fiat value of BTC plummeting.

Maybe that is indication that the Bitcoin volume is largely faked in the bear market (bots trading amongst themselves) and when $millions do legitimately get dumped, the market can't sustain it and thus has to correct to a lower price.



There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
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June 24, 2015, 11:56:45 PM
 #15

Ethereum was the biggest altcoin scam EVER.

So far*
TaunSew
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June 24, 2015, 11:59:48 PM
Last edit: June 25, 2015, 12:25:30 AM by TaunSew
 #16

There was already warning in advance.  Ever noticed they had an original IPO in January 2014, based out of Ontario (Canada), but abruptly ended it and later relocated to Switzerland to do their second IPO?  DING DING DING.  That was the first red flag.   If they couldn't run something legally in Canada (which barely regulates crypto compared to the US) then it's indication they were up to no good.



There ain't no Revolution like a NEMolution.  The only solution is Bitcoin's dissolution! NEM!
Newmine
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June 25, 2015, 12:00:47 AM
 #17

Ethereum was the biggest altcoin scam EVER.

Bitshares may have not been as large of an initial scam, but they keep pivoting their scam and are right up there at this point.
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June 25, 2015, 12:25:26 AM
 #18

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traderman
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June 25, 2015, 01:24:33 AM
Merited by nutildah (1)
 #19

LOL, I wish there was a tip function on this forum!

Disappearium
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June 25, 2015, 02:35:15 AM
 #20

Ethereum was the biggest altcoin scam EVER.

Bitshares may have not been as large of an initial scam, but they keep pivoting their scam and are right up there at this point.

Why do you say shit like that when you know that's not true at all? Both have been transparent about what they are trying to do. Would you rather keep cryptocurrencies and blockchain technology stagnant than innovate and pivot where need be?

I'm terribly disappointed with this community. It discouraging enough that most people don't understand the importance of the blockchain, its even more discouraging when so called proponents of blockchain tech don't understand the importance of trying new things.

If you put you're money into one of these platforms thinking you were going to get rich quick you are a loser and don't understand how investing in start ups works.
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