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Author Topic: Ethereum made their single biggest bitcoin dump yesterday (80% dumped since Oct)  (Read 2358 times)
sdersdf3 (OP)
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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
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February 05, 2015, 07:49:21 AM
 #2
Didn't they pull in over 30K BTC from the ipo?
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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
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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
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February 05, 2015, 10:42:22 AM
 #5
When are they releasing ethereum?
Shuai
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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
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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
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February 05, 2015, 01:59:19 PM
 #8
This is sucks! They will creating endless coins to themself.
greenlion
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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
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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
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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?
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ArticMine
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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
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February 07, 2015, 05:30:28 AM
 #13
You give money to children and what do you expect?
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February 07, 2015, 07:27:33 AM
 #14
Don't worry, they just need fiat to improve their projects
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February 07, 2015, 07:48:54 AM
 #15
One word:

MUPPETS
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JohnnyBTCSeed
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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
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