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bitbitch
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March 17, 2016, 09:30:50 AM |
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55 thousand new Ethers per day coming into the supply. Need to keep increasing the marketcap just to maintain the price. 1500 BTC in buys (per day) should do it  Actually 288000 new eth every day. no |
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pbleak
Legendary
 Offline
Activity: 924
Merit: 1001
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March 17, 2016, 10:17:24 AM |
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55 thousand new Ethers per day coming into the supply. Need to keep increasing the marketcap just to maintain the price. 1500 BTC in buys (per day) should do it A good lesson to short-term speculators never to 'watch the kettle boil' as we say in Ireland. |
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target
Legendary
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Activity: 2226
Merit: 1041
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March 17, 2016, 10:47:35 AM |
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I don't see any new thread about ETH this time. what happen to them users?
Although I'm expecting a speculation thread and it could sprout any moment this time, maybe " ETH $100 next month thread".
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bitbitch
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March 17, 2016, 10:57:10 AM |
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I don't see any new thread about ETH this time. what happen to them users?
Although I'm expecting a speculation thread and it could sprout any moment this time, maybe " ETH $100 next month thread".
and what's become of the BTC halving (double your money) hype machine recently? |
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Sniper44
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March 17, 2016, 11:07:56 AM |
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i liked to have one foot on ETH and the other in BTC but now i moved completely to bitcoin with only my eye on ETH lol
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to the moon with bitcoin...
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electronicash
Legendary
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Activity: 3066
Merit: 1049
Eloncoin.org - Mars, here we come!
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March 17, 2016, 11:15:54 AM |
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i liked to have one foot on ETH and the other in BTC but now i moved completely to bitcoin with only my eye on ETH lol
Good for you bro. I don't blame users going into ETH of course we all want to profit. I even want to have ETH maybe if the price is still lower though. but now that the price is much higher, i just spit on it. i wanna see it dump real hard first before i will jump to the wagon. |
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happen or be a part of it"
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Minecache
Legendary
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Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
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March 17, 2016, 11:18:36 AM |
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55 thousand new Ethers per day coming into the supply. Need to keep increasing the marketcap just to maintain the price. 1500 BTC in buys (per day) should do it Lies and complete FUD!! There is 90m cap. Not 20m new ETH a year. Quit lying. |
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bitbitch
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March 17, 2016, 11:33:54 AM |
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55 thousand new Ethers per day coming into the supply. Need to keep increasing the marketcap just to maintain the price. 1500 BTC in buys (per day) should do it Lies and complete FUD!! There is 90m cap. Not 20m new ETH a year. Quit lying. a 90m cap? where is that carved in stone? |
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Gatekeeper
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March 17, 2016, 01:44:03 PM |
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there is not a 90m cap, the guy doesn't have a clue if that's what he's trying to say. Looking here might help https://bitcointalk.org/index.php?topic=1345668.0check those inflation figures lol 15.6m new ETH every year |
(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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March 17, 2016, 02:14:49 PM
Last edit: March 17, 2016, 02:24:58 PM by toknormal |
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Lies and complete FUD!! There is 90m cap. Not 20m new ETH a year. Quit lying.
Ok, having looked into it in a bit more detail: If we work from the block reward up: around 5.7 ETH per block, 7200 blocks per day = 41000 Ether per day = about 15 Million new Ether per year. On the other hand, if we work from the genesis block back, using this model for the calculation: 72 Million x 0.3 = 21.6 Million new Ethers per year (= 57000 per day) I don't think that's FUD. It's just doing calculation based upon the best available figures I could find. If you have any more authoritative ones that conflict with these, please post them. Refs: Ethereum Issuance Model: https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/Forum Discussion 1: https://www.reddit.com/r/ethereum/comments/3evolq/how_many_ethers_are_going_to_be_created_in_the/Forum Discussion 2: https://www.reddit.com/r/ethereum/comments/37r3st/is_it_worth_buying_a_gpu_for_mining/P.S. It's even acknowledged by the designers themselves in that "Issuance Model" document that Ethereum is not a good store of value - especially in the early years. the constant issuance, especially in the early years, will likely make using ETH to build businesses in the Ethereum economy more lucrative than hoarding speculatively The market has got away ahead of itself. In a few years time, growth in industrial use of Ether may outpace issuance to an extent that it becomes a better store of value than bitcoin. But right now, speculative valuations are no substitute for that. See also this guy. |
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rocketron
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March 17, 2016, 02:51:44 PM |
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But you guys are forgetting the move to pos is scheduled for the end of year. When that happens inflation will more less 0
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K210
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March 17, 2016, 03:24:56 PM |
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The title should be changed to ETH price tanking, Are you going to sell ETH for BTC?
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ask
Legendary
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Activity: 1386
Merit: 1004
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March 17, 2016, 03:42:30 PM |
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Eth is dead. Next shitcoin please.
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BitUsher
Legendary
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Activity: 994
Merit: 1034
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March 17, 2016, 06:12:44 PM |
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But you guys are forgetting the move to pos is scheduled for the end of year. When that happens inflation will more less 0
Switching to PoS simply means a change in security model to weaken ethereum as a tradeoff to eliminate PoW. The issuance and inflation may still be high - In this case much higher inflation than bitcoin. https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/"Taking into account both creation of new ETH and loss of existing ETH, in the first year, this represents a monetary inflation rate of 22.4%. In the second year the rate drops to 18.1%. By the tenth year, the rate is 7.0%. In year 38, it hits 1.9%. And in the 64th year, the level of 1.0% is reached."
In this case bitcoin will reach less than 1% inflation in 2021, and Ethereum will reach 1% after 2080 (iF it is still around). The more complicated matter is people are investing in a coin where Vitalk hasn't even made up his mind concerning the future inflation rate* and may stay to the original plan or change it at the last moment. Such is the case with a centrally planned work in progress. *This is a really troubling fact. It is quite insane that people are throwing money at an unfinished whitepaper where the variables of coin distribution and security/consensus algorithm have yet to be determined. https://www.reddit.com/r/ethereum/comments/3evolq/how_many_ethers_are_going_to_be_created_in_the/ |
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bitbitch
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March 17, 2016, 06:28:30 PM |
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But you guys are forgetting the move to pos is scheduled for the end of year. When that happens inflation will more less 0
Switching to PoS simply means a change in security model to weaken ethereum as a tradeoff to eliminate PoW. The issuance and inflation may still be high - In this case much higher inflation than bitcoin. https://blog.ethereum.org/2014/04/10/the-issuance-model-in-ethereum/"Taking into account both creation of new ETH and loss of existing ETH, in the first year, this represents a monetary inflation rate of 22.4%. In the second year the rate drops to 18.1%. By the tenth year, the rate is 7.0%. In year 38, it hits 1.9%. And in the 64th year, the level of 1.0% is reached."
In this case bitcoin will reach less than 1% inflation in 2021, and Ethereum will reach 1% after 2080 (iF it is still around). The more complicated matter is people are investing in a coin where Vitalk hasn't even made up his mind concerning the future inflation rate* and may stay to the original plan or change it at the last moment. Such is the case with a centrally planned work in progress. *This is a really troubling fact. It is quite insane that people are throwing money at an unfinished whitepaper where the variables of coin distribution and security/consensus algorithm have yet to be determined. https://www.reddit.com/r/ethereum/comments/3evolq/how_many_ethers_are_going_to_be_created_in_the/*yes, it is troubling. i'm considering organising a forum day trip to Zug. bring sandwiches and a nutcracker |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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March 17, 2016, 09:49:51 PM |
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pumpers become now the dumpers ... shorts will be ruthless with this puffed up nothingness
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mtnsaa
Legendary
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Activity: 1568
Merit: 1000
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March 17, 2016, 10:24:33 PM |
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Lol Bitcoiners had a "good" day after all the agony that's still ahead and like to pick a bad day based on fake news, the price is already recovering and should touch 0.03 again during the weekend. We'll see where BTC and ETH are by the end of the year...
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Nxtblg
Legendary
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Activity: 924
Merit: 1000
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March 17, 2016, 10:46:20 PM |
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pumpers become now the dumpers ... shorts will be ruthless with this puffed up nothingness
I dunno...Even if you're absolutely right, shorting is a well-traveled way to get punished for being right.  "The market can remain irrational for far longer than you can remain solvent" - J.M. Keynes...or any short-seller who got liquidated by a margin call only to see the overpriced you-know-what crater three months later. |
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Minecache
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Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
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March 18, 2016, 01:26:57 AM
Last edit: March 18, 2016, 01:46:38 AM by Minecache |
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Lol Bitcoiners had a "good" day after all the agony that's still ahead and like to pick a bad day based on fake news, the price is already recovering and should touch 0.03 again during the weekend. We'll see where BTC and ETH are by the end of the year...
Indeed. ETH is a fantastic new tech still in its embryonic stages. Remember we are just out of beta. A lot of good times ahead for ETH and the guys. Let's not forget the successful POC conducted by R3CEV on behalf of 40 of the worlds largest banks. Talking of which R3CEV are funding next weeks Ethereum Socrates meeting in NYC. |
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yefi
Legendary
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Activity: 2842
Merit: 1511
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March 18, 2016, 12:23:56 PM |
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Lol Bitcoiners had a "good" day after all the agony that's still ahead and like to pick a bad day based on fake news, the price is already recovering and should touch 0.03 again during the weekend. We'll see where BTC and ETH are by the end of the year...
lol good luck with that. I have a target of around 0.016-0.018 for this. |
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