Author

Topic: [ANN] Ethereum: Welcome to the Beginning - page 805. (Read 2007101 times)

legendary
Activity: 1092
Merit: 1004
There is no point talking about something that is mathematically impossible, whenever the Ethereum Foundation want they have 12 million ETC, because ETC is pre-fork blockchain of the Ethereum Network.

At the current price those 12 million ETC are worth $31.50 million.

They can sell these of on the exchanges for next 12 months raising $1 million worth Bitcoin or Dollars each month for the next 12 months, which will pay for huge amount of development work on the post-fork Ethereum network.

Why waste the Ethereum developers time with a hypothetical scenario, which is never going to happen?

bumble.......... is all i say to your math proves it . Grin.

Well, you need factor in serious depreciation of the BTC price of ETC as they go along, because buy orders tend to disappear under this kind of program.

Ethereum post-fork, itself will be going over to POS within the next 8 months.

This means the last 4-6 months sources of revenue for GPU mining will be reduced by 50%.

This all, effects what BTC sum you can actually get for 12 million ETC.
sr. member
Activity: 406
Merit: 250
You're promoting a scam website
lol how do you know that? so your the judge? why not let the traders decide what it is? so much for immutability lol more like mute

im sorry but etc has SCAM written all over it.


The irony of that ETC thread is .. up there..


He really wants a immutable coin, but a very very mutable thread.

o_O

Immutability is just an excuse to pump and dump the ETC. I reckon the ETC will be dumped before the hacker's dump.

Stay, convert to ETC or BTC all bad choices ATM. You guys have the roof collapsing and don't know whre to find cover.

According to public information ETC is using the ETH blockchain up to the fork at block 1920000.

The ETH foundation has 12 million ETH too pay for future developments.

Therefore, because ETC is using the same blockchain up to the fork, it stands to reason that the ETH Foundation has 12 million ETC and it can sell these off on the exchanges to fund the development of Ethereum.

Therefore, I would like to thank ETC investors for helping to fund the future development of ETH.


I don`t understand how did you figured it out that they have 12 000 000 ETC. Can you show us the address or something? As of this moment Ethereum foundation officially have in their wallet around 1 million ETH. Explain it to us.

BTW: everybody with 2 alive brain cells can figure it out that ETC is just a quick profit and maybe in month or two ETC will be crap. It is not serious to talk about this coin in long term. But for now we don`t mind to make some free BTC on the back of stupid people who demand to be shaken.
legendary
Activity: 1078
Merit: 1000
There is no point talking about something that is mathematically impossible, whenever the Ethereum Foundation want they have 12 million ETC, because ETC is pre-fork blockchain of the Ethereum Network.

At the current price those 12 million ETC are worth $31.50 million.

They can sell these of on the exchanges for next 12 months raising $1 million worth Bitcoin or Dollars each month for the next 12 months, which will pay for huge amount of development work on the post-fork Ethereum network.

Why waste the Ethereum developers time with a hypothetical scenario, which is never going to happen?

bumble.......... is all i say to your math proves it . Grin.
copper member
Activity: 1162
Merit: 1025
I think people investing in ETC have a poor grasp on what adds value to every tool or service ever created.

So, I will put this into a binary explanation:

Direction A: removes flaws or aspects that reduce the value of the tool or service.

Direction B: add new features or improvements to the that tool or service.

Because Ethereum is a crypto currency, Direction A and Direction B will frequently require hard forks and soft forks, otherwise increases in the value of that tool or service can never happen.

I really don't think a crypto currency that never does any hard forks or soft forks will have any scope to increase its' fundamental value, because it will have very little scope to do either Direction.


  

Forks aren't the issue and this is what I mean, completely clueless...the issue is forking and altering transactions and fucking up the integrity of the blockchain. Not sure why that's so hard to understand, I guess because you just don't fuckin get it. Unless that's what your big "adding value" plan is lol!!?
legendary
Activity: 1092
Merit: 1004
There is no point talking about something that is mathematically impossible, whenever the Ethereum Foundation want they have 12 million ETC, because ETC is pre-fork blockchain of the Ethereum Network.

At the current price those 12 million ETC are worth $31.50 million.

They can sell these of on the exchanges for next 12 months raising $1 million worth Bitcoin or Dollars each month for the next 12 months, which will pay for huge amount of development work on the post-fork Ethereum network.

Why waste the Ethereum developers time with a hypothetical scenario, which is never going to happen?
legendary
Activity: 1078
Merit: 1000
Kristopher Ives ‏@kristopherives 19h
https://twitter.com/VitalikButerin/status/760865764236627968
@VitalikButerin @Banderovetz What will you do if ETC price overtakes ETH?
0 retweets 4 likes

Vitalik Buterin
‏@VitalikButerin

@kristopherives @Banderovetz I still won't support ETC.
[/quote
if you scroll down the tweets you will see questions that i have too?
vitalik seems to not anwser them
at the beginning he said consensus is all
he said the comunity chosed his hardfork and so be it .
he goes with the majority
but if etc is the majority he goes with the minority ?
seems he all along tryed to manipulate in favor of his investor friends ?
or why does he have 2 sets of rules
that girl there tries to get answers for that

legendary
Activity: 3192
Merit: 1509
https://np.reddit.com/r/EthereumClassic/comments/4w0xq8/peter_todd_does_vitalikbuterin_care_more_about/d63czhn?st=irfvcef0&sh=c8a324b3

petertodd 3 points 3 hours ago

I'm pretty sure I can develop tech that does what ethereum does better, on Bitcoin, and for many purposes without any blockchain at all. But I'd be happy to be proven wrong by a project that's otherwise aligned with my ideals of immutability, censorship resistance, and permissionless innovation.


  Huh Cheesy Cheesy

Is this an attempt to declare that he is in support of the fork? It sounds like he is trying to but will not declare openly. I think many bitcoiners who are quiet are in the same position.
legendary
Activity: 2856
Merit: 1075
Just a thought... Smiley part 1  Tongue

Bringing in new faces Smiley

ETH guys told everyone they knew to get into ETH...many were confused what is ETH? but trusted us and bought.
Some refused to buy because they saw ETH as a threat and held their BTC...
etc comes along and the people that refused to buy ETH now think they see an opportunity to destroy Ethereum by dividing it and make some good profit on their BTC...however they quickly realise that the ETH buyers dont need to buy etc, so they go out and get other BTC holders and new buyers to buy etc.
Once the new buyers of etc finish buying they ask a few questions....what is this ETH? after a long explanation and prob lots of reading, the new buyer has just learnt alot about Ethereum and alot about crypto from the same people that refused to buy ETH.

Ethereum wins  Cool
legendary
Activity: 2856
Merit: 1075
https://np.reddit.com/r/EthereumClassic/comments/4w0xq8/peter_todd_does_vitalikbuterin_care_more_about/d63czhn?st=irfvcef0&sh=c8a324b3

petertodd 3 points 3 hours ago

I'm pretty sure I can develop tech that does what ethereum does better, on Bitcoin, and for many purposes without any blockchain at all. But I'd be happy to be proven wrong by a project that's otherwise aligned with my ideals of immutability, censorship resistance, and permissionless innovation.


  Huh Cheesy Cheesy
legendary
Activity: 1181
Merit: 1002

The Ethereum Foundation has 12 million ETC and it can send the price of ETC to one satoshis in matter of hours.

This applies to any fork using the ETH blockchain, those forks can be wiped out (in terms of there BTC price) overnight by Ethereum Foundation.


ETH is the controversially hard forked (bailout) chain.  ETC is the original chain; it isn't a fork.  I'm not sure how you could not understand that by now.  Have you ever used Bitcoin?

No other branch has the support ETC enjoys.

If the EF "dumps to zero" it would be most welcome, as we ETC investors could then cost average down by as much as we like, with full confidence the price will rise after the flash crash.

Please Vitalik, give me the opportunity to buy ETC for "one satoshis."   Grin

I've noticed most of these eth fanatics have no grasp on crypto at all, let alone forks, why you don't fuck with the blockchain etc..

I've noticed that iCEBREAKER has his very own agenda.
There is no "grasp on crypto".
legendary
Activity: 3192
Merit: 1509

The Ethereum Foundation has 12 million ETC and it can send the price of ETC to one satoshis in matter of hours.

This applies to any fork using the ETH blockchain, those forks can be wiped out (in terms of there BTC price) overnight by Ethereum Foundation.


ETH is the controversially hard forked (bailout) chain.  ETC is the original chain; it isn't a fork.  I'm not sure how you could not understand that by now.  Have you ever used Bitcoin?

No other branch has the support ETC enjoys.

If the EF "dumps to zero" it would be most welcome, as we ETC investors could then cost average down by as much as we like, with full confidence the price will rise after the flash crash.

Please Vitalik, give me the opportunity to buy ETC for "one satoshis."   Grin

Is it not that the Ethereum foundation's premine of ETH has the potential equivalent amount of ETC? I doubt that the foundation will dump the ETH that they hold. If they are desperate enough they will rather dump the equivalent amount ETC that they potentially can acquire. Or maybe they can do a strategic dump and keep the prices down low enough in order to discourage the miners from mining the chain.
sr. member
Activity: 294
Merit: 250
Does anyone know how many ETC in total are held in the white DAO contract, by the Ethereum foundation and by the attacker on the ETC chain?
legendary
Activity: 1092
Merit: 1004
I think people investing in ETC have a poor grasp on what adds value to every tool or service ever created.

So, I will put this into a binary explanation:

Direction A: removes flaws or aspects that reduce the value of the tool or service.

Direction B: add new features or improvements to the that tool or service.

Because Ethereum is a crypto currency, Direction A and Direction B will frequently require hard forks and soft forks, otherwise increases in the value of that tool or service can never happen.

I really don't think a crypto currency that never does any hard forks or soft forks will have any scope to increase its' fundamental value, because it will have very little scope to do either Direction.


  
copper member
Activity: 1162
Merit: 1025

The Ethereum Foundation has 12 million ETC and it can send the price of ETC to one satoshis in matter of hours.

This applies to any fork using the ETH blockchain, those forks can be wiped out (in terms of there BTC price) overnight by Ethereum Foundation.


ETH is the controversially hard forked (bailout) chain.  ETC is the original chain; it isn't a fork.  I'm not sure how you could not understand that by now.  Have you ever used Bitcoin?

No other branch has the support ETC enjoys.

If the EF "dumps to zero" it would be most welcome, as we ETC investors could then cost average down by as much as we like, with full confidence the price will rise after the flash crash.

Please Vitalik, give me the opportunity to buy ETC for "one satoshis."   Grin

I've noticed most of these eth fanatics have no grasp on crypto at all, let alone forks, why you don't fuck with the blockchain etc..
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.

The Ethereum Foundation has 12 million ETC and it can send the price of ETC to one satoshis in matter of hours.

This applies to any fork using the ETH blockchain, those forks can be wiped out (in terms of there BTC price) overnight by Ethereum Foundation.


ETH is the controversially hard forked (bailout) chain.  ETC is the original chain; it isn't a fork.  I'm not sure how you could not understand that by now.  Have you ever used Bitcoin?

No other branch has the support ETC enjoys.

If the EF "dumps to zero" it would be most welcome, as we ETC investors could then cost average down by as much as we like, with full confidence the price will rise after the flash crash.

Please Vitalik, give me the opportunity to buy ETC for "one satoshis."   Grin
legendary
Activity: 2184
Merit: 1000
copper member
Activity: 1162
Merit: 1025
We value the synergies and positive network effects of having many applications on one
singleton instance: the Ethereum World Computer. Most of our dapps interoperat
e with one
or more other dapps and therefore the ConsenSys ecosystem of dapps will be deployed on
the Ethereum mainnet (ETH)
.https://consensys.net/static/ConETH.pdf

And since this is open source crypto, so will they on etc
legendary
Activity: 2856
Merit: 1075
We value the synergies and positive network effects of having many applications on one
singleton instance: the Ethereum World Computer. Most of our dapps interoperat
e with one
or more other dapps and therefore the ConsenSys ecosystem of dapps will be deployed on
the Ethereum mainnet (ETH)
.https://consensys.net/static/ConETH.pdf
copper member
Activity: 1162
Merit: 1025
You're promoting a scam website
lol how do you know that? so your the judge? why not let the traders decide what it is? so much for immutability lol more like mute

im sorry but etc has SCAM written all over it.


The irony of that ETC thread is .. up there..


He really wants a immutable coin, but a very very mutable thread.

o_O

Immutability is just an excuse to pump and dump the ETC. I reckon the ETC will be dumped before the hacker's dump.

Stay, convert to ETC or BTC all bad choices ATM. You guys have the roof collapsing and don't know whre to find cover.

According to public information ETC is using the ETH blockchain up to the fork at block 1920000.

The ETH foundation has 12 million ETH too pay for future developments.

Therefore, because ETC is using the same blockchain up to the fork, it stands to reason that the ETH Foundation has 12 million ETC and it can sell these off on the exchanges to fund the development of Ethereum.

Therefore, I would like to thank ETC investors for helping to fund the future development of ETH.

Exactly bud, no need for all this drama etc gave all of us free btc
Jump to: