Topic: EHEREUM SCAM EXPOSED: Garage In The Woods Operation (Read 13591 times)

Hello, im new to crypto currencies this year and just came accross this page so i registered just so i could post this...

https://www.youtube.com/watch?v=cdLZMbafvuo

Lol, the most state of the art scam i have ever seen... working to the side of bitcoin too in this machine it seems

The price is less than $10 now. The price dropped 15% in the last four days. It is quite a steep drop.

Ethereum price is still over $11.5. It is still higher than the one I sold out. I sold out when it was $1.3.

ETH is going down.
I am out.

Weekends usually see lower volumes in all trading, not just Ethereum. Mid-week seems to be the biggest volumes days, specifically Tuesdays, Wednesdays, and Thursdays.

Today there is far less ETH volume compared to the other days
http://exchangewar.info/
Poloniex "only" had 12000 BTC Volume.
The last weeks Polo had volumes until 65000 BTC daily.

The switch to PoS will remove any uniqueness it has above all other ETH clones. While ETH 1.706's TH/s is pathetic compared to BTC , it is far better than other ETH clones. When Eth becomes PoS, you can bootstrap a wider userbase with free ETH and have it more secure eliminating the need for ETH altogether.

I honestly think that ether has potential. And it will have even more potential when it switches to POS. That's why I'm hodling my ether now. 200 ETH 4 DAYZ...

The distribution curve has not even been released so you are literally making up numbers. All we know according to the IPO is there is an upper bound limit to yearly ETH and based upon comments from Vitalik, it will transition into a flat inflationary token/asset unlike uᴉoɔʇᴉq with a hard limit and dis inflationary nature. With regards to the distribution curve and inflation rates no one knows ... and which is what is so shocking about ETH, people are speculating on an asset class without knowing the basic fundamentals of what properties that it will have whether it be the distribution or final algo used. People are playing a dangerous game of hot potato where most ETH's are locked up and controlled to maintain the pump and it all can come crashing down fairly quickly.

There will be hard cap on the annual new Ethereum. It is about 18 million Ethereum. So in 100 years, the annual inflation will be below 1%.

Why do u think eth is scam while it keep pumping and pumping??? I think it is morr profitable.

They can and will keep making more ETH though, so it's just like FIAT, thats what keeps me off it, Looks like what happend to LTC last year.

I share your opinion.

I think the way that the issue of money is made is quite strange, but the technology behind the development of ETH is magnificent, we can not deny.

Sorry, LTC, but ETH here to stay. 

I dont believe this is a scamcoin. When i saw ETH was rising a little i bought 700 Eth at $1 each. I already sold 350 Eth and made more than $4k profit. I still believe Ethereum will reach $40-$50 each!

Thank you, dude, I feel stupid I didn't think to it 

I am not the thread OP, I was just curious about how he came to that conclusion, and the reasoning is pretty solid.

I've dealt with Polo for ages and have never had a problem with them.



And, there is another way of looking at this: proof that decentralization is spreading to the bricks-and-mortar world. When you think about it, there's no compelling reason (in the abstract) why a person who makes his or her living on the Internet should live in a big city. In fact, there's no compelling reason for a person to live in a big town!

This point has meaning to me because I currently live in Toronto, Canada. Like Vancouver, Toronto's real estate prices are climbing up the shiny spiral staircase of unaffordability.

Contrasts in point: A semi-detached Toronto house in a nice but not exclusive neighbourhood. Lot size about 20 feet by 140 feet. As a nice kicker, this house has a basement apartment - but that apartment means the owner will have no basement if that apt is rented.
http://www.remax.ca/on/toronto-real-estate/na-717-hillsdale-ave-treb_c3428834-lst/

Now, a fully-detached house in Kapuskasing - a full day's drive away from Toronto. Lot size seems to be 65 feet by 90 feet. It has the same number of rooms as the Toronto house above, but a bigger lot. It has no basement apartment, but it does have a basement the owner can use.
http://www.truenorthrealty.ca/index.php?current=list&lstid=326

List price for the Kapuskasing house?  C$135,000. For the Toronto house? C$990,000. And given the hot-staircase nature of the Toronto real estate market, the Toronto house will likely sell above listing. On the other hand, there's a good chance that the Kapuskasing house will sell for a little below listing.

Now here's what's eating at me: someone, or a couple, who scraped up enough for a 15% down payment on the Toronto house could buy the Kapuskasing house cash on the barrelhead and never have to worry about a mortgage. No 25-year millstone, only property taxes & living expenses. Toronto has hi-speed internet, but so does Kapuskasing. Neither have fiber-speed Internet.

So...if you make your living on the Internet, why not buy the cheaper domicile - especially if you can swing an all-cash purchase and never be tied to a mortgage millstone?

"Because you'd have to live in Kapuskasing!" True, but I put it to everyone that this answer is informed by cultural lag. At some point, the glaring price differential will overcome that cultural lag. And at that point, the folks who run a big swingin' cryptocurrency biz " in a barn in the woods in the middle of nowhere" will be seen as shrewdly ahead of their time!

looks like nobody actually cares about the coin being scam or not.

they just look at the charts and see a massive rise and run to their exchangers to pour money into it. and then they are going to complain after the big dump happened!

Dont bother replying to this thread OP deletes posts of reason against his absurdity.....Troll thread

Because they take 0.2% fee on every transaction!
So I calculated that with a 50000 Bitcoin a day volume on that site
50000 Bitcoin /100 x 0.2%=100 Bitcoins A day, And 100 bitcoins x 400$ = 40000$
And sometimes Ethereum alone pulls like 80k volume a day so that calculation is low in my opinion.