Bitcoin Forum
November 06, 2024, 06:50:14 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Ethereum made their single biggest bitcoin dump yesterday (80% dumped since Oct)
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: Ethereum made their single biggest bitcoin dump yesterday (80% dumped since Oct)  (Read 2378 times)
sdersdf3 (OP)
Sr. Member
****
Offline Offline

Activity: 280
Merit: 250


View Profile
February 05, 2015, 06:40:42 AM
 #1
about 5,000 BTC dumped yesterday:

https://blockchain.info/charts/balance?address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

a total of about 80% of their approx 25,000 BTC has been dumped since October
bitcoin_bagholder
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250



View Profile
February 05, 2015, 07:49:21 AM
 #2
Didn't they pull in over 30K BTC from the ipo?
Bitmixer sucks

Bit-X sucks
DecentralizeEconomics
Legendary
*
Offline Offline

Activity: 1162
Merit: 1042


White Male Libertarian Bro


View Profile
February 05, 2015, 09:15:00 AM
 #3
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
H.W.Z
Hero Member
*****
Offline Offline

Activity: 574
Merit: 500



View Profile
February 05, 2015, 09:26:45 AM
 #4
I don't think there is any problem arising. Another round of fundraising can take place. Ethereum is promising and has been attracting so many attention. There are many VC investors willing to invest in it.
ronald98
Sr. Member
****
Offline Offline

Activity: 314
Merit: 250



View Profile
February 05, 2015, 10:42:22 AM
 #5
When are they releasing ethereum?
Shuai
Full Member
***
Offline Offline

Activity: 189
Merit: 100


View Profile
February 05, 2015, 01:45:48 PM
 #6
Future development will be funded through the Ethereum Foundation's ether stake. They will receive around 10% of all ether in existence at the time of the genesis block, and I assume the plan will be to fund all future development from this stake.
ronald98
Sr. Member
****
Offline Offline

Activity: 314
Merit: 250



View Profile
February 05, 2015, 01:50:01 PM
 #7
Quote from: Shuai on February 05, 2015, 01:45:48 PM
Future development will be funded through the Ethereum Foundation's ether stake. They will receive around 10% of all ether in existence at the time of the genesis block, and I assume the plan will be to fund all future development from this stake.

I didn't know they were dong a 10% premine. That's quite a large percentage.
BTCwriter
Legendary
*
Offline Offline

Activity: 1008
Merit: 1000



View Profile
February 05, 2015, 01:59:19 PM
 #8
This is sucks! They will creating endless coins to themself.
greenlion
Hero Member
*****
Offline Offline

Activity: 667
Merit: 500


View Profile
February 06, 2015, 08:14:47 PM
 #9
Quote from: BTCwriter on February 05, 2015, 01:59:19 PM
This is sucks! They will creating endless coins to themself.

Not only that, the organization dissolves once it's released, so the donations are pretty much a "thanks idiots, later" move.
JohnnyBTCSeed
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1000



View Profile
February 06, 2015, 08:22:52 PM
 #10
And when that happens, the former goldmansachs employees, are available to get re hired. Revolving door, just like they do with everything
nagatlakshmi
Hero Member
*****
Offline Offline

Activity: 616
Merit: 500



View Profile WWW
February 07, 2015, 02:11:21 AM
 #11
Quote from: sdersdf3 on February 05, 2015, 06:40:42 AM
about 5,000 BTC dumped yesterday:

https://blockchain.info/charts/balance?address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

a total of about 80% of their approx 25,000 BTC has been dumped since October


Why they dump at this falling market? They don't have confidence on future of BTC?
  BITMIXER.IO   High Volume Bitcoin MIXER   
ArticMine
Legendary
*
Offline Offline

Activity: 2282
Merit: 1050


Monero Core Team


View Profile
February 07, 2015, 04:35:30 AM
 #12
Quote from: nagatlakshmi on February 07, 2015, 02:11:21 AM
Quote from: sdersdf3 on February 05, 2015, 06:40:42 AM
about 5,000 BTC dumped yesterday:

https://blockchain.info/charts/balance?address=36PrZ1KHYMpqSyAQXSG8VwbUiq2EogxLo2

a total of about 80% of their approx 25,000 BTC has been dumped since October


Why they dump at this falling market? They don't have confidence on future of BTC?

I gave my theory in this post https://bitcointalk.org/index.php?topic=946712.msg10378311#msg10378311 Basically the typical trading behaviour of a very weak hand in a mature bear market.
Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
barabbas
Legendary
*
Offline Offline

Activity: 1162
Merit: 1000


View Profile
February 07, 2015, 05:30:28 AM
 #13
You give money to children and what do you expect?
viboracecata
Legendary
*
Offline Offline

Activity: 1316
Merit: 1000


Varanida : Fair & Transparent Digital Ecosystem


View Profile
February 07, 2015, 07:27:33 AM
 #14
Don't worry, they just need fiat to improve their projects
iBuilding A Better Interneti
━━━━━━━━━━━━━━━━━━━━ ● ◉ ● ━━━━━━━━━━━━━━━━━━━━
⇃
 
 █b
▐█=
║█
██                                         ¡▄▄▄▄▄▄▄▄┌
██M                                  ╒▄▄▄▄█▀    ▂▂ ╙▀▀▆▄
██▌                                ╓, ,██╨      ▀▀▀    ╜▀█▌
███                                ▀▀██╙     ▄▄▄▄▄      ╓█L
█ █▌                            ▄▄▄▄█▀          └▀▀▀▀█Φ█▀"
█▌ █▄                            ██▀           ▄█▀
▐▌  ▀▌                       ▀▄██▀            ▄▀
▐█     ▂▂▂                ▄  ▄█▀           ▄▄▀
 █▌  ╙▀▀▀▀▀█▄         ▄   ███▀     ▁▂▃▄▄▄█▀▀
  █▄        █▌    █▄  ██▄█▀        ▔▔╙▀▐█
   █▄       █▌ ▀▀████▀▀▀               ▐▌
    ▀█     █▀                          ▐▌
     ╙█▄  ▄▌                        ╓█ ▐█
       └▀██  ╓▄▄µ╓▄▄µ            ,▄█▀┘  █▌    ▄▄ ╓▄▄µ
         ██▄█▀▀███▀▀█▄       ╓▄▄█▀▀      ▀█▄█▀▀▀██▄╙▀█▄▄
          ▀╙    ▀▀▀  ▀▀▀  ▀▀▀▀╙           `      "▀▀  └╙		You Can See Me Now, Hi :}
VARANIDA		↾
 
 
 
 
               ▄██   ▄███▄
              ▄███████  ██
              ██    ▀████▀
             ██
  ▄▄  ▄▄█████████████▄▄  ▄▄
▄███████████████████████████▄
█████████████████████████████
▀███████    █████    ███████▀
  ▀█████    █████    █████▀
   ███████████████████████
    █████▄  ▀▀▀▀▀  ▄█████
     ▀█████▄▄▄▄▄▄▄█████▀
        ▀▀█████████▀▀		|Hello Again
GWhitePaperG
GAnn ThreadG
DecentralizeEconomics
Legendary
*
Offline Offline

Activity: 1162
Merit: 1042


White Male Libertarian Bro


View Profile
February 07, 2015, 07:48:54 AM
 #15
One word:

MUPPETS
"Give me the liberty to know, to utter, and to argue freely according to conscience, above all liberties." - Areopagitica
JohnnyBTCSeed
Hero Member
*****
Offline Offline

Activity: 882
Merit: 1000



View Profile
February 07, 2015, 02:58:53 PM
 #16
Quote from: greenlion on February 06, 2015, 08:14:47 PM

 the organization dissolves once it's released,

If this, then who will be in control of all of their monies? They need to spend that shit before they dissolve. All acording to plan. Plan approved by Goldmansux
Pages: [1]
  Print  
Bitcoin Forum > Alternate cryptocurrencies > Altcoin Discussion > Ethereum made their single biggest bitcoin dump yesterday (80% dumped since Oct)
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!