[REP] Augur speculation

[Caladonian]

Are the rumors true that one of the developers of Augur is having a mental breakdown? It was said that he was tweeting weird stuff saying that Ethereum is a Russian honey pot or something, and also that Vitalik controls Ethereum totally making the platform not ideal for dapps. Maybe that is what's making the price fall, that developer could be dumping right now.

Not a developer but the PR (I suppose), more info here: https://web.archive.org/web/20161118165909/https://twitter.com/TonySwish

Ok. It also has tweets of him apologizing for being paranoid and now he is saying that Ethereum is a good platform again. He must be having a mental breakdown and none of that is related to Augur's sell down in the market.

So I ask, what is causing the dump right now?

Big question we needed to know from the dev team if why a sudden downfall showing coming from exchane any one here give us a possible cause which is legit aside from speculating that it might be the dev or some big bagholders dumping their shares?

[1714180124]

1714180124

[jacafbiz]

Are the rumors true that one of the developers of Augur is having a mental breakdown? It was said that he was tweeting weird stuff saying that Ethereum is a Russian honey pot or something, and also that Vitalik controls Ethereum totally making the platform not ideal for dapps. Maybe that is what's making the price fall, that developer could be dumping right now.

Not a developer but the PR (I suppose), more info here: https://web.archive.org/web/20161118165909/https://twitter.com/TonySwish

Ok. It also has tweets of him apologizing for being paranoid and now he is saying that Ethereum is a good platform again. He must be having a mental breakdown and none of that is related to Augur's sell down in the market.

So I ask, what is causing the dump right now?

I doubt the mental breakdown story is true, I think he is concerned about the long impact Ethereum is going to have on their project if the platform continue in this route, since we all know trust is a guaranteed thing in prediction market to be successful.

[bbc.reporter]

@jacafbiz. Then it is obvious that Augur is going to fail then and become another irrelevant cryptocoin just like what is happening to NXT. Look at the market cap of NXT and their new, unreleased platform Ardor. They are both out of the top 20 in coinmarketcap.com.

[sandiman]

@jacafbiz. Then it is obvious that Augur is going to fail then and become another irrelevant cryptocoin just like what is happening to NXT. Look at the market cap of NXT and their new, unreleased platform Ardor. They are both out of the top 20 in coinmarketcap.com.

Again LOL, another bottom seller, top buyer 

[Zer0Sum]

Are the rumors true that one of the developers of Augur is having a mental breakdown? It was said that he was tweeting weird stuff saying that Ethereum is a Russian honey pot or something, and also that Vitalik controls Ethereum totally making the platform not ideal for dapps. Maybe that is what's making the price fall, that developer could be dumping right now.

You really know very little about Ethereum and Augur.

Ethereum was founded by a bunch of guys from Toronto that met at the Toronto Bitcoin Meetup circa 2013...
I was there at the Meetups... and anyone could have invested in the ETH launch at $0.30

And the Sztorc dude now associated with Hivemind...
Is an unhinged Bitcoin Maximalist who hasn't been able to get anywhere with his baby, Truthcoin.

At least Augur has a working beta, though I am unimpressed that this is the result of 18 months work...
And I see nothing that improves on Intrade circa 2004 + there will be LOTS of competition in this sector (Gnosis, etc)...
Lots of competition in a sector that has failed to gain traction with traders and gamblers in 15 years.

The jury is out until we see user numbers and betting volume...
Though the ace in the hole is novel applications like the ones floated by Robin Hanson.

http://www.overcomingbias.com/

[bbc.reporter]

@Zer0Sum. Do you think Augur can still be a success in 5 years time? If you do then where do they stand right now in their development? There are some people known in bitcoin that said that Ethereum's blockchain is growing too fast. Isnt that also a cause for concern?

[jay8291]

Some one Just Exited REP while Dumping REP till 0.0001 Btc. Cleared most of the Buy orders..

[Shiroslullaby]

Holy shit.
Total fucking bloodbath.
What is going on in the altcoin market right now?
Literally every top coin down 10-30%

[hiddensphinx]

$REP whale hacked 

you should sell $REP on Immediately as Data leak cause more hack )

https://twitter.com/boshen1011/status/806085053084266496

[Shiroslullaby]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

[yefi]

$REP whale hacked 

Yep, seems to be - https://twitter.com/tensorjack/status/806084099202945024

Wish I'd have some bids further down the order book. 10k was a definite buy

[hiddensphinx]

$REP whale hacked 

Yep, seems to be - https://twitter.com/tensorjack/status/806084099202945024

Wish I'd have some bids further down the order book. 10k was a definite buy

Looks like Bo Shen's Twitter is also hacked 



https://twitter.com/boshen1011

[Shiroslullaby]

If you've got the balls, someone could make a lot of money going all in on REP now.
If it goes back up even 10% you've made a huge profit in a short time.

[jay8291]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I think only REP and ETH reputation are damaged. FCT and XMR are OK.

[yefi]

I don't see how some guy getting hacked would irreparably damage REP's rep. It's a short-term episode.

[Cryptotraider16]

Holy shit.
Total fucking bloodbath.
What is going on in the altcoin market right now?
Literally every top coin down 10-30%

Not all man!
I hold some in LEOcoin i buy in feb 2016 for 0.067$ and now stable pricec0.50$!

Also maidsafe is ok price i buy at 0.016$ and now its 0.06$!

So some alts are ok 😜👍🏼

[Cryptotraider16]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I think only REP and ETH reputation are damaged. FCT and XMR are OK.

Eth,rep and zcash are dead! 🙈

[Zebedee23]

fuck that all made me worried. seems to have recovered nicely now

[Xapodat]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I think only REP and ETH reputation are damaged. FCT and XMR are OK.

Eth,rep and zcash are dead! 🙈

One person's Rep was hacked. There was a big dump in the exchanges. So the price drop could not last too long.

[Febo]

Ok so the real question here is,
do we buy into REP, ETH, FCT, XMR and the other coins that are getting dumped?
Which will bounce back and which will take a permanent loss due to their reputation being permanently damaged?

I dont understand your logic.

Someone who own a coins did not secured them enough and lose them.  What this has to do with cryptocoin reputation?  This only give reputation to this person who lost coins and  you would rather avoid him to store your coins.