Ethereum Pump & Dump Scam

[Zacudis]

I had over 1000 eth from the original IPO but unfortunately sold them a long time back.Havent looked at the price for a long time since and now see that 1000 eth would be worth 30 btc today.LOL that figures

I almost bought ~15000 ETH during the pre-sale...instead gambled and lost the btc I had on sports. ETH would have been a better gamble..

15,000 Eth would be worth $200,000 today. It seems you have lost a lot of potential money. Well just potential profit.

[okiefromokc]

Back in July of 2013, I downloaded the BTC Blockchain of about 8GB, and that was after it was in the wild for 3 years.  The ETH blockchain after only about 2 years is about 21GB.  Now BTC blockchain is at 60GB as of Jan 2016 and is growing ~10GB per quarter.  So if ETH grew 2.6x faster than BTC in just 2 years vs BTC in 3 years, its seems there is a phenomenal growth rate between the two.  

If after 5 years BTC is at 60GB and growing ~10GB per quarter, then we are looking at TBs blockchains in a few years for both cryptos.  Thus, this speaks volumes towards centralised data centers to maintain the huge databases. We are talking about VISA size data centers, whatever happened to the decentralised network concepts of Satoshi?

Can pruning be implemented in some manner via the checkpoints?
Or is the blockchains just going to ever get larger and more centralised?

[Za1n]

Back in July of 2013, I downloaded the BTC Blockchain of about 8GB, and that was after it was in the wild for 3 years.  The ETH blockchain after only about 2 years is about 21GB.  Now BTC blockchain is at 60GB as of Jan 2016 and is growing ~10GB per quarter.  So if ETH grew 2.6x faster than BTC in just 2 years vs BTC in 3 years, its seems there is a phenomenal growth rate between the two.  

If after 5 years BTC is at 60GB and growing ~10GB per quarter, then we are looking at TBs blockchains in a few years for both cryptos.  Thus, this speaks volumes towards centralised data centers to maintain the huge databases. We are talking about VISA size data centers, whatever happened to the decentralised network concepts of Satoshi?

Can pruning be implemented in some manner via the checkpoints?
Or is the blockchains just going to ever get larger and more centralised?

Umm, you can get a 4 TB drive on Newegg for only $119 - http://www.newegg.com/Product/Product.aspx?Item=N82E16822178338&ignorebbr=1

I think we are a long ways for needing data-centers, much less "VISA size data centers" to store the blockchain, so I think it is a bit early to be proclaiming the doom and gloom due to centralization.

While I will agree that the size could benefit from some type of pruning action, the biggest constraint currently is the time it take to download the blockchain from scratch. There are bootstrap downloads available, but bandwidth seems the biggest roadblock. Although it is a concern, it is by no means the end of decentralization, mainly an inconvenience.

[hv_]

People will get burned so fucking hard from this. Now would be a good time to take profits from this altcoin pump! The chart is screaming for you to take profits guys!

Yes. Looking at the liquidity this gonna be a monster rollover. Putting very bad news to the crypto markets in total.  Shame.

Then I still have no clue how all the problems can be solved with the current design.

But if, then Rootstock could be final winner with the BTC side chain and smart contracts on top.

Anyway, looks doomy now.

[tyz]

Just wondering, why do you think the chart looks this bad. I mean if you are being a day trader then you are probably right. But this is something unique. You can not compare it with usual technical analysis patterns.

People will get burned so fucking hard from this. Now would be a good time to take profits from this altcoin pump! The chart is screaming for you to take profits guys!

[mrcashking]

Just wondering, why do you think the chart looks this bad. I mean if you are being a day trader then you are probably right. But this is something unique. You can not compare it with usual technical analysis patterns.

People will get burned so fucking hard from this. Now would be a good time to take profits from this altcoin pump! The chart is screaming for you to take profits guys!

I too have mixed feelings on this but i am more inclined towards the dump anyway.Ether had a pretty big market even before this pump and it is possible that people might just accept this price and get used to it but there will be a dump for sure cause mining is extraordinarily profitable right now.

[Alexthesalamander]

I told ya to take profits! I hope you listened..

[btbrae]

Hmm well it didn't really go down much yet. I guess a single bagholder got shaken out. I will wait for the big one and the panic.

[gentlemand]

Well, that was fun. I assume there are some rich and twitchy fingers interested in going straight to USD on Bitfinex. It's going to be a fun ride whatever happens.

[americanpegasus]

Ethereum is likely going to be the poster child for why the SEC will claim it has to 'begin to regulate crypto'.

[DieJohnny]

I'm all in and holding since $3.  Won't sell a fraction until at least $40.  Good luck to you fools.

you could be a genius... but many have tried and failed to be the coin that wasn't a ponzi..... I think your holding faith will be tested.... as will my skepticism.

My guess is that ETH isn't even close to a scalable global crypto.... it will ponzi bubble and then maintain some price somewhere near its utility as a non-currency....

[sinner]

you could be a genius... but many have tried and failed to be the coin that wasn't a ponzi..... I think your holding faith will be tested.... as will my skepticism.

My guess is that ETH isn't even close to a scalable global crypto.... it will ponzi bubble and then maintain some price somewhere near its utility as a non-currency....

vitalik and vlad have both admitted they don't actually know how to scale it.  it's still a "research project".  scaling it (according to the technobabble they've been spewing about how they think they'll do it) would violate the cap theorem.  you know why they're leaving the scaling to the last part of the coding process? cuz they can't do it.  oh ya and it has zero use cases and most dapps are abandoned.

[DieJohnny]

you could be a genius... but many have tried and failed to be the coin that wasn't a ponzi..... I think your holding faith will be tested.... as will my skepticism.

My guess is that ETH isn't even close to a scalable global crypto.... it will ponzi bubble and then maintain some price somewhere near its utility as a non-currency....

vitalik and vlad have both admitted they don't actually know how to scale it.  it's still a "research project".  scaling it (according to the technobabble they've been spewing about how they think they'll do it) would violate the cap theorem.  you know why they're leaving the scaling to the last part of the coding process? cuz they can't do it.  oh ya and it has zero use cases and most dapps are abandoned.

Yeah... but you don't need anything real to be worth a billion dollars apparently.

[Cabapzarf]

you could be a genius... but many have tried and failed to be the coin that wasn't a ponzi..... I think your holding faith will be tested.... as will my skepticism.

My guess is that ETH isn't even close to a scalable global crypto.... it will ponzi bubble and then maintain some price somewhere near its utility as a non-currency....

vitalik and vlad have both admitted they don't actually know how to scale it.  it's still a "research project".  scaling it (according to the technobabble they've been spewing about how they think they'll do it) would violate the cap theorem.  you know why they're leaving the scaling to the last part of the coding process? cuz they can't do it.  oh ya and it has zero use cases and most dapps are abandoned.

Yeah... but you don't need anything real to be worth a billion dollars apparently.

It will be real in a few months.

[partysaurus]

you could be a genius... but many have tried and failed to be the coin that wasn't a ponzi..... I think your holding faith will be tested.... as will my skepticism.

My guess is that ETH isn't even close to a scalable global crypto.... it will ponzi bubble and then maintain some price somewhere near its utility as a non-currency....

vitalik and vlad have both admitted they don't actually know how to scale it.  it's still a "research project".  scaling it (according to the technobabble they've been spewing about how they think they'll do it) would violate the cap theorem.  you know why they're leaving the scaling to the last part of the coding process? cuz they can't do it.  oh ya and it has zero use cases and most dapps are abandoned.

Yeah... but you don't need anything real to be worth a billion dollars apparently.

It will be real in a few months.

even if its real does not make it worth anything

[Xanotick]

you could be a genius... but many have tried and failed to be the coin that wasn't a ponzi..... I think your holding faith will be tested.... as will my skepticism.

My guess is that ETH isn't even close to a scalable global crypto.... it will ponzi bubble and then maintain some price somewhere near its utility as a non-currency....

vitalik and vlad have both admitted they don't actually know how to scale it.  it's still a "research project".  scaling it (according to the technobabble they've been spewing about how they think they'll do it) would violate the cap theorem.  you know why they're leaving the scaling to the last part of the coding process? cuz they can't do it.  oh ya and it has zero use cases and most dapps are abandoned.

Yeah... but you don't need anything real to be worth a billion dollars apparently.

It will be real in a few months.

even if its real does not make it worth anything

The price is still over $10. If it is $1, I think there is a dump.

[orryde]

Prometheus and his pump group are responsible for current Ethereum pump. Prometheus colluded with Ethereum members to obtain insider info about R3 news in December. Fake news posts and shill spam also stem from the group. They plan to dump soon.

Someone who I trust told me Bob and a group of pump group leaders pumped eth. Prom may have been one of them.

[Dobmaster]

Prometheus and his pump group are responsible for current Ethereum pump. Prometheus colluded with Ethereum members to obtain insider info about R3 news in December. Fake news posts and shill spam also stem from the group. They plan to dump soon.

Someone who I trust told me Bob and a group of pump group leaders pumped eth. Prom may have been one of them.

Who are those people? Are they known big whales?

[Mastsetad]

Prometheus and his pump group are responsible for current Ethereum pump. Prometheus colluded with Ethereum members to obtain insider info about R3 news in December. Fake news posts and shill spam also stem from the group. They plan to dump soon.

Someone who I trust told me Bob and a group of pump group leaders pumped eth. Prom may have been one of them.

Who are those people? Are they known big whales?

I think they are just made up. A big whale will not let you know their identity. They want to earn big money.

[ed_teech]

Prometheus and his pump group are responsible for current Ethereum pump. Prometheus colluded with Ethereum members to obtain insider info about R3 news in December. Fake news posts and shill spam also stem from the group. They plan to dump soon.

Someone who I trust told me Bob and a group of pump group leaders pumped eth. Prom may have been one of them.

Who are those people? Are they known big whales?

I think they are just made up. A big whale will not let you know their identity. They want to earn big money.

Whales always buy for profit. The question is how long will they hold and how much they believe in what they bought.