Will Vitalik flee the country after the Eth scheme implodes?

[TPTB_need_war]

What a sweet pile of delusional bullshit. ↓

IOTA token: http://iotatoken.com/ - the future of microtransactions

Overly harsh, but mostly accurate.

[Sukovsky]

What, didn't you get the memo? Paycoin Ethereum is THE NEW PARADIGM REPLACING BTC

[r0ach]

1)  lack of fundamentals
2)  artificially pumped bubble
3)  anyone who holds alts during the coming BTC halving rise will be slaughtered anyway

What a sweet pile of delusional bullshit.

You have an IPO coin in your sig so any knowledgeable person about crypto already knows your viewpoint is bogus.  No IPO coin is ever going anywhere.  If Bitcoin was released as an IPO, it never would have made it an inch off the ground and nobody would have even heard of it.  Perhaps you didn't see the word "currency" in cryptocurrency.  Distribution matters and all IPO distribution is shit and will always be shit.  PoW distribution lasts for decades, yet IPO distribution is done by the wave of a hand to enrich the currency issuer in a span of one second, it's a complete joke scam.

Let's not forget the fact that recursive, closed loop systems are by definition all permissioned ledgers and not anti-fragile, decentralized systems in the first place.  As for Eth, even if you wanted a permissioned ledger, it isn't commercially viable and will never be commercially viable.  Do you think a permissioned ledger has any possibility of competing with Bitcoin?  Hell no.  A world currency has to be robust against failure and these closed loop systems aren't.  If one exchange gets robbed, the coin is dead for good.  Bitcoin state recovery from failures is orders of magnitude in superiority.

[electronicash]

i don't think he will abandon the ship , he need to maintain an imagine, that alone is worth more than the premined ethereum he is holding

he eventually else file bankruptcy later. he'll have to pay more taxes, he isn't satoshi thats wise enough to remain anonymous. I wonder no one ever taught about that to him ever before, fame isn't a good thing for someone who has money. but then before that happen, he'll definitely shout abandon ship!

[Spoetnik]

i don't think he will abandon the ship , he need to maintain an imagine, that alone is worth more than the premined ethereum he is holding

Yup.. Look at BigVern.
He managed to supposedly "sell scripts" as Jim said to the Chinese to setup a Cryptsy clone.
All while heavy in the middle in what was crystal clear an insolvent exchange run by a lying scammer.
Or like me you believe he did the obvious and simply seen the gig was finally up
and decided to setup shop in China secretly but.. got caught making stupid mistakes.
Such as ? Being an idiot and leaving the words Cryptsy plastered all over the Chinese web site
or such as BigVern himself registering the Chinese domain under "Project Investors"

Image ?
Hmm who was it that said they were going to open a new exchange in China far before this ?
I will give you all a hint.. he likes "drifting with his Shelby" and was listed as the Cryptsy CTO + co-founder.

So uhmm anyway what is it exactly all you noobs spouting off (saying nothing tangible) think you know ?

Good luck with your Bitcointalk trading advice Invetards™

Free Market®  

[r0ach]

Is the graph supposed to scare us?  

The sell was on higher volume than the volume used to raise it.  Insiders cashing out at the top.

Also, Eth is currently undergoing 51% attack:



Exchanges would have to be insane to allow a 1 billion dollar asset with one pool controlling the entire thing to trade.

[TPTB_need_war]

TPTB is correct, although I'll try and explain in a more digestible manner

A contract in ETH (or any platform for that matter) can only come to a reliable consensus if the information it is using to come to that consensus is solely internal to the system.

In the case of this, the driver and the passenger could collude to input "fake" information into the system, perhaps so that the driver gets more tokens or whatever.  There is no way for the system to check, irrefutably, that the journey really was say 20 miles in distance, it could all be fake.

Even if you put a "black box" in the cab, you still cant ever be 100% sure that it wasn't tampered with, and so due to that uncertainly, the consensus can never be totally reliable.

[Qatuca]

i don't think he will abandon the ship , he need to maintain an imagine, that alone is worth more than the premined ethereum he is holding

How do we know he is still holding the premine coins. Does he make a public pledge to hold them for long term?

[bitbitch]

"Will Vitalik flee the country..."

Vitalik has ALREADY fled. He's now living in **SWITZERLAND**!!

[r0ach]

"Will Vitalik flee the country..."

Vitalik has ALREADY fled. He's now living in **SWITZERLAND**!!

I guess you voted for option #4 then

[bitbitch]

"Will Vitalik flee the country..."

Vitalik has ALREADY fled. He's now living in **SWITZERLAND**!!

I guess you voted for option #4 then

voting is the lie that is democracy

[r0ach]

"Will Vitalik flee the country..."

Vitalik has ALREADY fled. He's now living in **SWITZERLAND**!!

I guess you voted for option #4 then

voting is the lie that is democracy

All I know is that aristocrats were able to take advantage of the system that was the Roman republic to shape the system entirely to their benefit at the detriment of everyone else (just like today).  Then when Caesar took over, life for the common man was better under him and Octavius, and possibly even people like Nero and Commodus; with the exception of killing random people for no reason, but the statistical odds are on your side.

So, by decentralizing power at the top through a senate or whatever form, you're also decentralizing liability for bad actions, giving them plausible deniabiality, and making them harder to overthrow.  When there's one man at the top, people just kill them and get it over with to fix the system.  The whole "anarchy" thing is stupid, because just like Anonymint always pulls up the power vacuum point in regards to economics, there is always a power vacuum that will be filled by a "strongman" somewhere to abolish anarchy.

[bitbitch]

"Will Vitalik flee the country..."

Vitalik has ALREADY fled. He's now living in **SWITZERLAND**!!

I guess you voted for option #4 then

voting is the lie that is democracy

All I know is that aristocrats were able to take advantage of the system that was the Roman republic to shape the system entirely to their benefit at the detriment of everyone else (just like today).  Then when Caesar took over, life for the common man was better under him and Octavius, and possibly even people like Nero and Commodus; with the exception of killing random people for no reason, but the statistical odds are on your side.

So, by decentralizing power at the top through a senate or whatever form, you're also decentralizing liability for bad actions, giving them plausible deniabiality, and making them harder to overthrow.  When there's one man at the top, people just kill them and get it over with to fix the system.  The whole "anarchy" thing is stupid, because just like Anonymint always pulls up the power vacuum point in regards to economics, there is always a power vacuum that will be filled by a "strongman" somewhere to abolish anarchy.

thanks.

today is the Ides of March, the assassination of Julius Augustus Caesar.

[talkbitcoin]

why would he run?
just going to dump the coins and kill the price slowly. with this big market cap it is an easy task to complete.
worst case scenario is declaring bankruptcy!

[CryptoGore]

LOL, the best thread ever! I think anyway not...he need to fly to mars to run away form such a big volume of investors and creditors!

[nickenburg]

Lol I don't think Vitalik Is a scammer, I think he really believes in this concept and will solve the problems ahead.
I have seen some youtube video's about him and Ethereum and if this was a scam this is the best ever:P
But it is not and Ethereum will be great, the dapps that are on the way are incredible, and there will be 1 that everyone wants to use for sure!

[TPTB_need_war]

The whole "anarchy" thing is stupid, because just like Anonymint always pulls up the power vacuum point in regards to economics, there is always a power vacuum that will be filled by a "strongman" somewhere to abolish anarchy.

There is no power vacuum for what people do decentralized such as fornication.

The power vacuum forms over what isn't impossible to centralize.

[bitbitch]

Lol I don't think Vitalik Is a scammer, I think he really believes in this concept and will solve the problems ahead.
I have seen some youtube video's about him and Ethereum and if this was a scam this is the best ever:P
But it is not and Ethereum will be great, the dapps that are on the way are incredible, and there will be 1 that everyone wants to use for sure!

i may go to Zug and make my own personal assessment of the ETH thing

[rokkyroad]

Switzerland is famous for its financial privacy.  Good place to bank and keep your affairs private especially if you don't want agencies like Fincen and SEC sniffing around.

[r0ach]

There is no power vacuum for what people do decentralized such as fornication.

The power vacuum forms over what isn't impossible to centralize.

Fornication seems pretty centralized to me if 1 in 200 people is a descendent of Ghengis Khan.  If you take into account that groups are isolated and never come in contact with each other, and shouldn't even be tallied together, that number would be shockingly higher if you only used the Eurasian population.

http://blogs.discovermagazine.com/gnxp/2010/08/1-in-200-men-direct-descendants-of-genghis-khan/

Lol I don't think Vitalik Is a scammer, I think he really believes in this concept and will solve the problems ahead.
I have seen some youtube video's about him and Ethereum and if this was a scam this is the best ever:P

First of all, the killer app of the blockchain is likely currency, nothing else.  The next runner up would be a decentralized exchange or marketplace.  Either for financial transactions or an ebay/amazon-like experience.  Bitcoin did rise to prominence from the Silk Road after all.  The 3rd runner up is unknown, but it might not even be these so called dapps.  Ethereum will always have abysmal load capacity, much more problemtic than Bitcoin scaling, so even if dapps were the 3rd killer app of the blockchain, Ethereum is unable to even accomplish that feat.