TrueCryptonaire
Legendary
Offline
Activity: 1092
Merit: 1000
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 03:50:06 AM |
|
It's a travesty that Coinmarketcap would not categorize ETH as significantly premined.What are they smoking?
I am actually more interested in how FinCEN will deal with the Ethereum premine given what happened with Ripple. As far as I know, premine is not a crime under any legislation. In the stock markets, all the stocks are also created out of thin air and the companies get their initial funding by issuing their stocks for traders and investors. It is an investor who decides wether to buy or not to buy the stock or coin.
|
|
|
|
GingerAle
Legendary
Offline
Activity: 1260
Merit: 1008
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 03:57:54 AM |
|
It's a travesty that Coinmarketcap would not categorize ETH as significantly premined.What are they smoking?
I am actually more interested in how FinCEN will deal with the Ethereum premine given what happened with Ripple. As far as I know, premine is not a crime under any legislation. In the stock markets, all the stocks are also created out of thin air and the companies get their initial funding by issuing their stocks for traders and investors. It is an investor who decides wether to buy or not to buy the stock or coin. GADOOOOSH From this: https://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html"An administrator is a person engaged as a business in issuing (putting into circulation) a virtual currency, and who has the authority to redeem (to withdraw from circulation) such virtual currency." Users of Virtual Currency "A user who obtains convertible virtual currency and uses it to purchase real or virtual goods or services is not an MSB under FinCEN's regulations.8 Such activity, in and of itself, does not fit within the definition of "money transmission services" and therefore is not subject to FinCEN's registration, reporting, and recordkeeping regulations for MSBs.9" So by "putting into circulation" the initial Ether... they may fall under the "administrator" category.... and it pretty much looks like it was a straight up pre-mine. https://www.cryptocoinsnews.com/ether-fuel-ethereum-project-can-now-pre-ordered/edited to add - of course this is all US law, so now idea how it spells out internationally yada yada yada.
|
|
|
|
smooth (OP)
Legendary
Offline
Activity: 2968
Merit: 1198
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 04:12:54 AM |
|
It's a travesty that Coinmarketcap would not categorize ETH as significantly premined.What are they smoking?
I am actually more interested in how FinCEN will deal with the Ethereum premine given what happened with Ripple. As far as I know, premine is not a crime under any legislation. In the stock markets, all the stocks are also created out of thin air and the companies get their initial funding by issuing their stocks for traders and investors. It is an investor who decides wether to buy or not to buy the stock or coin. Of course, but public offerings of stocks are heavily regulated.
|
|
|
|
rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 06:53:57 AM |
|
It's a travesty that Coinmarketcap would not categorize ETH as significantly premined.What are they smoking?
I asked. They seem to not consider ICOs as premines and "significantly premined" means a "large" amount like 50%+ That's one way to put it. Probably CK is swallowed whole by their methodology as well... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
|
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
|
|
|
elrippo
Legendary
Offline
Activity: 1008
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 09:47:25 AM |
|
|
For Advertisement. PM me to discuss.
|
|
|
elrippo
Legendary
Offline
Activity: 1008
Merit: 1001
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 09:49:01 AM |
|
And that will taste sweet like SUGAR ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
For Advertisement. PM me to discuss.
|
|
|
novag
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 10:11:47 AM |
|
Where can I exchange XMR on USD?
|
Donate for the support of a new Martial arts Style - Aikivindo = Aikido + Wing-Chun (in Ukraine) 5168757318423326 PrivatBank. http://aikivindo.com.uaBTC:1DpRaQjdVmrkSopRV8p9RdwvBMWNA9faCS
|
|
|
explorer
Legendary
Offline
Activity: 2016
Merit: 1259
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 10:19:50 AM |
|
Where can I exchange XMR on USD?
Nowhere, yet. Request the pair from Kraken to show your interest.
|
|
|
|
TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 10:25:11 AM |
|
Where can I exchange XMR on USD?
You can exchange to USD on Poloniex. They have Tether USD which is backed 1-1 with USD.
|
|
|
|
explorer
Legendary
Offline
Activity: 2016
Merit: 1259
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 10:30:26 AM |
|
Where can I exchange XMR on USD?
You can exchange to USD on Poloniex. They have Tether USD which is backed 1-1 with USD. how/where do you get rid of the tether?
|
|
|
|
TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 10:35:08 AM |
|
Where can I exchange XMR on USD?
You can exchange to USD on Poloniex. They have Tether USD which is backed 1-1 with USD. how/where do you get rid of the tether? Bitfinex let's you withdraw tether USD if you are verified. Not sure which other exchanges supports it atm. (If you deposit Tether USD to the site it ends up in your USD balance and works exactly like any other USD deposit)
|
|
|
|
vuduchyld
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 12:08:19 PM |
|
I am still freaked out by the total volume in alts. Does it not seem fishy to anybody else?
I'm willing to accept the premise that it seems to be flowing from ETH as that dump continues. But if you look back to January 1st, the total market cap in alts has gone from less than a billion to more than $1.5 billion. That's a 30%+ jump and it's more than $500 million in new money.
Where is THAT coming from...and WHY? That's a pretty big reallocation of capital, but from where? Doesn't seem like it could be hedge funds and other financial players because Central banks are in stimulus mode.
|
|
|
|
bitjedi
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 109
Merit: 10
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 12:19:17 PM |
|
I am still freaked out by the total volume in alts. Does it not seem fishy to anybody else?
I'm willing to accept the premise that it seems to be flowing from ETH as that dump continues. But if you look back to January 1st, the total market cap in alts has gone from less than a billion to more than $1.5 billion. That's a 30%+ jump and it's more than $500 million in new money.
Where is THAT coming from...and WHY? That's a pretty big reallocation of capital, but from where? Doesn't seem like it could be hedge funds and other financial players because Central banks are in stimulus mode.
margin trading leverage. also, marketcap based on mark to market does not equal total cash invested, but rather its a weak positive correlation. e. g. i create a premined alt with 1bn coins. i list it on an exchange but only put 1 share for sale and buy it myself at $1. now $1bn mkt cap. that's why pump grps like premined coins.
|
|
|
|
TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 12:26:48 PM |
|
I am still freaked out by the total volume in alts. Does it not seem fishy to anybody else?
I'm willing to accept the premise that it seems to be flowing from ETH as that dump continues. But if you look back to January 1st, the total market cap in alts has gone from less than a billion to more than $1.5 billion. That's a 30%+ jump and it's more than $500 million in new money.
Where is THAT coming from...and WHY? That's a pretty big reallocation of capital, but from where? Doesn't seem like it could be hedge funds and other financial players because Central banks are in stimulus mode.
A lot of that is out of thin air. Just because marketcap goes up 500 million does not mean 500 million was invested. The value was created from a much smaller amount of money being used to push prices up. In fact a lot of altcoins are premined so hard that the founders can push the marketcap to millions of dollars with only a few thousand dollars worth of investment. It's pretty artificial. That being said, the volume on poloniex has been pretty amazing lately. The volume is real, but a part of it surely is due to leveraged trading and that wasn't widely used in the altcoin 1.0 era. I think it's reasonable to assume that the big FUD storm regarding bitcoin blocksize had made more bitcoiners interested in diversifying into altcoins, I've notice a trend of high profile bitcoin figures voicing support for various altcoins or jumping on the BTC FUD train. There's a lot of wealth in bitcoin, and only a small fraction of the bitcoin community is needed to create the volume we see on poloniex.
|
|
|
|
vuduchyld
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 12:35:10 PM |
|
GREAT answers, bitjedi and TheKoziTwo.
Thank you for that.
|
|
|
|
antw081
Newbie
Offline
Activity: 55
Merit: 0
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 12:37:13 PM |
|
I am still freaked out by the total volume in alts. Does it not seem fishy to anybody else?
Yeah, I don't understand how over 560,000 XMR have been traded in the last 24hr on Polo and yet the total sell order book is only around 310,000 XMR and the price has not moved at all. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif)
|
|
|
|
generalizethis
Legendary
Offline
Activity: 1750
Merit: 1036
Facts are more efficient than fud
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 12:48:03 PM |
|
I am still freaked out by the total volume in alts. Does it not seem fishy to anybody else?
Yeah, I don't understand how over 560,000 XMR have been traded in the last 24hr on Polo and yet the total sell order book is only around 310,000 XMR and the price has not moved at all. ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) Bots, bots, and more bots....
|
|
|
|
TheKoziTwo
Legendary
Offline
Activity: 1552
Merit: 1047
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 02:15:33 PM |
|
Looks like wallzilla is back. 250k XMR wall @ 0.002 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FlYeT4E5.png&t=665&c=DCXX8GKjbCxNHQ) Doubt it will last long, but the wall is real... if anyone got 420k to sell real quick
|
|
|
|
Dotto
Legendary
Offline
Activity: 981
Merit: 1005
No maps for these territories
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 02:33:20 PM |
|
Groteske buy wall at .002
|
|
|
|
dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
March 18, 2016, 02:39:15 PM |
|
Groteske buy wall at .002
could be used also to keep up the bids while Wallzilla dumps at market
|
|
|
|
|