3641694 ETC has moved from the DAO

[YIz]

The attacker has transferred his funds from the child DAO. I think he is about to dump them because the price is that high.

https://steemit.com/ethereum/@soapsadu/3641694-etc-is-moved-from-the-child-dao

Is this the end of ETC?

[adhitthana]

The attacker has transferred his funds from the child DAO. I think he is about to dump them because the price is that high.

https://steemit.com/ethereum/@soapsadu/3641694-etc-is-moved-from-the-child-dao

Is this the end of ETC?

It would be tremendous for ETC if he dumped them . The price would go down then probably up strongly

[European Central Bank]

If he did dump, and as far i know people who have large amounts are usually a little cleverer than the average yobit zombie, that clears the way and etc is ready to rock.

[rocketron]

the strange thing is, that this address also has 38000 ethereum on the forked chain.

why would someone move over 3million etc to an address that has 38000 eth also on the forked chain.

wouldnt this make the funds on both chains open to replay?

[pereira4]

Stop with the FUD you ETH bagholders.

1) The hacker cannot sell the coins no matter how he moves them.

2) Once the countdown ends, he will not sell because he knows that we are going for parity with ETH. He will simply keep the coins and become an ETC mogul once the project solidifies in ETC's blockchain.

Time to buy before we go 0.01 and beyond.

[freshman777]

Stop with the FUD you ETH bagholders.

1) The hacker cannot sell the coins no matter how he moves them.

2) Once the countdown ends, he will not sell because he knows that we are going for parity with ETH. He will simply keep the coins and become an ETC mogul once the project solidifies in ETC's blockchain.

Time to buy before we go 0.01 and beyond.

Why can't he sell?
Why will he wait for another fork that can blacklist his address? He'll sell asap.

[rocketron]

And who exactly is going to fork etc chain ? It's fully decentralised like bitcoin is. Those etc he has are his and no one can take them from him.

[freshman777]

And who exactly is going to fork etc chain ? It's fully decentralised like bitcoin is. Those etc he has are his and no one can take them from him.

Exchanges can blacklist his address(es) for deposit. He can try to sell before they have implemented this "fix" in their software.

[pereira4]

Stop with the FUD you ETH bagholders.

1) The hacker cannot sell the coins no matter how he moves them.

2) Once the countdown ends, he will not sell because he knows that we are going for parity with ETH. He will simply keep the coins and become an ETC mogul once the project solidifies in ETC's blockchain.

Time to buy before we go 0.01 and beyond.

Why can't he sell?
Why will he wait for another fork that can blacklist his address? He'll sell asap.

He will not sell, only ETH bagholders don't get it yet. This is a blockchain war, he will fuck up Vitalik by making ETC the surviving chain and get rich in the process, he is not going to sell now when he can wait for parity and higher once ETH goes south. Plus his funds are still locked anyway.

[pereira4]

And who exactly is going to fork etc chain ? It's fully decentralised like bitcoin is. Those etc he has are his and no one can take them from him.

Exchanges can blacklist his address(es) for deposit. He can try to sell before they have implemented this "fix" in their software.

Exchanges aren't going to do shit. Poloniex will certainly not. They were the first to accept ETC is real and they will not destroy their prestige by banning a certain amount of coins. Remember than in crypto fungibility is all that matters, all ETC is ETC. Same for BTC, all BTC is BTC. What do you think would happen to an exchange that suddenly starts blacklisting certain coins? Get real.

[European Central Bank]

There are plenty of cases of exchanges freezing funds.

Since these addresses are so well known i really can't see them letting them onto the market.

They may not freeze them but they'd certainly reject them.

[mining1]

Well one thing is certain, poloniex won't freeze his adress for the same reason they added ETC after they told everyone they wouldnt. Profit. Most likely, if he decides to sell, poloniex will be his choice. And seeing that a whale is pumping ETC on poloniex while crashing BTC price, i think they might be related somehow. What do you guys think ?

[Azael]

I think the probability of a harmful dump would be much higher from the original DTHs than the attacker. The attacker can't sell all that at once nor at a rapid pace without drawing attention from the exchange he is doing it on. It is also hard for him to sell OTC. This leaves selling small amounts over time to ensure he gets the most value out of it as well as avoid attention. Do you agree with my theory?

[Azael]

Well one thing is certain, poloniex won't freeze his adress for the same reason they added ETC after they told everyone they wouldnt. Profit. Most likely, if he decides to sell, poloniex will be his choice. And seeing that a whale is pumping ETC on poloniex while crashing BTC price, i think they might be related somehow. What do you guys think ?

Why are you spreading your ignorance everywhere? What you're saying is actually not just ignorant but plain lies at this point.

Delusional much ? BTC price is already crashing because 1-2 BTC whales keep pumping their BTC into abandoned chain. With that much amount of money pumped et classic should have been already 5$+ but the dumping support is too strong. If they continue this way, BTC will crash to ~500$ while ETC will still be below 3-3.5$ .

What are you even talking about here? Let's break it down. First of all you need to prove this is the work of 1-2 whales else you have zero legitimacy.


Secondly you need to tell us how somebody buying a coin with Bitcoin causes Bitcoin to drop.

Alice buys Xcoin from Bob with Ycoin so Alice receives Xcoin and Bob receives Ycoin. Alice no longer has Ycoin and Bob no longer has Xcoin. Since Alice spent her Ycoin to get Xcoin, Bobs Ycoin itself is now worth less as a result of this transaction? How did you come to this conclusion?


The bitcoin hasn't been sold for fiat simply traded for another currency where the seller now owns the bitcoin.

[pereira4]

There are plenty of cases of exchanges freezing funds.

Since these addresses are so well known i really can't see them letting them onto the market.

They may not freeze them but they'd certainly reject them.

Please think. The whole point of ETC existing is that those funds were not considerated as stolen funds, but as a reward for the hacker by finding an exploit into a smart contract. Therefore it makes absolute 0 sense that Poloniex would allow ETC to then let funds being blacklisted.

In any case, the hacker is not going to dump, he is going to sit back and relax as he watches ETC go higher and ETH dies. He is not stupid and he knows this is a lifetime opportunity to not only give Vitalik and the rest a lesson, but to get rich in the process.

[mining1]

What a flawed logic, pereira, you're incredibly stupid.

[shanem]

The hacker will prepare to pump the price of ETC higher before he can sell. I am sure he won't just dump them into the market in one shot. He will slowly sell his ETC while it is going up. The price of ETC is still low so I won't worry about the hacker selling for now.

[frobley]

What a flawed logic, pereira, you're incredibly stupid.

Please explain (without the insults).
He speaks perfect sense to me.

[Minecache]

Rumour has it he's preparing for a MASSIVE simultaneous ETC criminal coin dump.

[YIz]

Rumour has it he's preparing for a MASSIVE simultaneous ETC criminal coin dump.

That might kill ETC in minutes.