Ethereum scammers trying to suppress BTC till they find someone to Dump Eth on

[The Sceptical Chymist]

Roach, I am in general not inclined to believe in conspiracy theories,  but bitcoin's market cap is small enough such that what you say could very well be true.  Look at how easily altcoin markets can be manipulated,  and it only takes a relatively small whale to do it.  Bitcoin (I think) has a much higher number of whales and bigger ones at that.

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[Amph]

Here comes another move from the Eth scammers.  200,000 Eth was stolen from Gatecoin exchange, and then the Eth price is pumped 10% the next day? LOL.  That makes no damn sense.  When someone steals a huge amount of an altcoin, the price always goes down.  Darkcoin had a bunch of coins stolen from C-Cex and the price went down literally 50% after.  The fact that Eth was pumped right after this theft makes it look like whales are trying to raise the price in order to find someone to dump on and exit before the thieves sell.

he is holding because he saw the recent small surge? it may be, why dumping at 0.022, when it is going to 0.025? that is more than 10% more profit for your scammed coins

even scammer some times need to maximize their scamming activity

[klee]

'Emigrate or degenerate , the choice is yours!' - Do Androids Dream of Electric Sheeps


 

[amacar2]

Here comes another move from the Eth scammers.  200,000 Eth was stolen from Gatecoin exchange, and then the Eth price is pumped 10% the next day? LOL.  That makes no damn sense.  When someone steals a huge amount of an altcoin, the price always goes down.  Darkcoin had a bunch of coins stolen from C-Cex and the price went down literally 50% after.  The fact that Eth was pumped right after this theft makes it look like whales are trying to raise the price in order to find someone to dump on and exit before the thieves sell.

I also got suprised to see ETH price now close to 0.03BTC just after few days of gatecoin got hacked. It looks like hacker is also not a quick dumper and he is also holding till eth price hit some value but it is for sure there will be dump incoming soon. Any ETH bought at the current price will be loss.

[r0ach]

China didn't follow that orchestrated BTC shakeout attempt since Huobi was still at $448 a minute ago.  The single entity pumping Eth is pretending to operate from a position of strength, but he's likely underwater even more from raising the Eth price.  He knows the $130 million denominated in Ethereum for the DAO is going to have a massive selloff causing the Eth price to crash on May 28th, so he's trying to raise the Eth price to find momentum traders to dump on before that date.

We will first see the Eth manipulator himself drop the hammer and dump, then the Eth DAO will dump even harder, then BTC halving will cause Eth to dump even more.  It's going to get real ugly for Eth soon.

[Hyena]

With my independent research I have come to the same conclusion as OP. Ethereum project is nothing but a very elaborate scam.

[Big Dick]

China didn't follow that orchestrated BTC shakeout attempt since Huobi was still at $448 a minute ago.

Pray to your Chinese masters...

[Torque]

Wow, great job r0ach!

You created a 'honey pot' thread, and just like flies to honey, attracted at least 6-7 of the paid shills/trolls known to troll frequently in the Speculation sub.

They all couldn't resist coming in here and trying to smash you down, and thus revealed themselves in the process. HAHA!

ETH *is* a scam, and it will all end in tears. Any fool that invests in that premined crap deserves to go cry in the corner of shame over their losses along with the Ripple, NXT, and Darkcoin idiots.

[SomaliRebel]

<hot tears of rage>

Take it like a man.

[r0ach]

Another stake in the Eth vampire:

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary.  So why are two confirmations more useful in Bitcoin (PoW) than one?  Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there is no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.  This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger.  The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

[SomaliRebel]

Another stake in the Eth vampire.

Etherians are gonna just BUY your sorry butt. Here: https://www.reddit.com/r/TheDao/comments/4k07vs/we_should_just_purchase_blockstream_outright_and/

[r0ach]

Another stake in the Eth vampire.

Etherians are gonna just BUY your sorry butt. Here: https://www.reddit.com/r/TheDao/comments/4k07vs/we_should_just_purchase_blockstream_outright_and/

A reddit submission by some guy that holds 10 eth.

[Dafar]

Fuck Ethereum, fuck ethereum people... this shitcoin is taking the steam out of bitcoin.

At this point who knows, it may really hinder any potential rally bitcoin might have had due to halving.

[lissandra]

'Emigrate or degenerate , the choice is yours!' - Do Androids Dream of Electric Sheeps


 

Haha, that says it all.

I`m not a huge fan of alt coins in general, unless they serve some sort of demand needed so hence the price as to be up like towards a service.

I dont know since Gavin is on there, hes really throwing his reputation as a dev?

[Denker]

Fuck Ethereum, fuck ethereum people... this shitcoin is taking the steam out of bitcoin.

At this point who knows, it may really hinder any potential rally bitcoin might have had due to halving.

Just have a bit patience my friend.
Don't fall for the game they are trying to play with us.
I guarantee you a big chunk of that money pumped in Eth and that DAO stuff is going to come back!!
This is like the bitcoins are hanging on a tree like apples or oranges and the Eth manipulators guys are shaking it as hard as they can to get as much BTC when they start to dump DAO tokens and Eth on a big scale. Just at the right time, close to the BTC halving of course.

[RealityTruth]

Maybe bobbie pumping eth now

[Hyena]

Fuck Ethereum, fuck ethereum people... this shitcoin is taking the steam out of bitcoin.

At this point who knows, it may really hinder any potential rally bitcoin might have had due to halving.

Just have a bit patience my friend.
Don't fall for the game they are trying to play with us.
I guarantee you a big chunk of that money pumped in Eth and that DAO stuff is going to come back!!
This is like the bitcoins are hanging on a tree like apples or oranges and the Eth manipulators guys are shaking it as hard as they can to get as much BTC when they start to dump DAO tokens and Eth on a big scale. Just at the right time, close to the BTC halving of course.

I was thinking the same thing. It's either before halving or before the end of DAO sale.

[MingLee]

Someone who has a stake in both Bitcoin and ETH manipulated the Bitcoin market to move some money out of Bitcoin and into ETH, sending it to a new all-time high recently iirc, and now we'll see the same people buying more Bitcoin, selling their ETH and waiting to do the cycle all over again.

The value of Bitcoin is going back up, and that means that investor confidence wasn't shattered.

Also these fucking "do you need some butthurt cream" memes are fucking retarded, they make you look like a 12-year-old who thinks they're superior to everyone because they think their opinion is "better" than everyone else's. Fucking talk like people and stop with shitty memes.

[Hyena]

Someone who has a stake in both Bitcoin and ETH manipulated the Bitcoin market to move some money out of Bitcoin and into ETH, sending it to a new all-time high recently iirc, and now we'll see the same people buying more Bitcoin, selling their ETH and waiting to do the cycle all over again.

The value of Bitcoin is going back up, and that means that investor confidence wasn't shattered.

When the Ethereum mafia announced that they have spent all their IPO funds, they lied. They had plenty of BTC left from that 30 000 they raised and they were going to use it to manipulate borth the ETH and BTC markets. That announcement was meant to make people sell their ETH cheaply into Vitalik's and his gang's buy walls.

Also these fucking "do you need some butthurt cream" memes are fucking retarded, they make you look like a 12-year-old who thinks they're superior to everyone because they think their opinion is "better" than everyone else's. Fucking talk like people and stop with shitty memes.

Noobs are discovering the internet. There will always be new kids who just find out about internet memes and start to overuse them because they think it's still cool.

[Westant]

Another stake in the Eth vampire:

Why proof of stake has no value:

Since Satoshi did not solve the Byzantine generals problem, this means confirmations are completely arbitrary.  So why are two confirmations more useful in Bitcoin (PoW) than one?  Because it's an open entropy system where over a period of time, it's either unlikely or statistically impossible for someone to maintain a monopoly on block validation when there is no upper limit to confirmations.

Recursive systems like proof of stake tend to permanently monopolize block validation by design, with no real fault or state recovery to fix it once it goes off the rails.  This makes a proof of stake confirmation essentially worthless due to being a bounded entropy system.

On top of being worthless, proof of stake is also a permissioned ledger.  The purpose of mining in Bitcoin is to create a permanent decentralized exchange peg, which thus results in a permissionless system.

So does it mean if the PoW continues in the Etheruem, the Etheruem will have some value? That is the same as bitcoin.