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Topic: ETH GETTING DUMPED HARD!!!! - page 10. (Read 55220 times)

legendary
Activity: 3010
Merit: 1460
July 28, 2016, 05:20:28 AM
Ethereum is damaged either way fork or no fork. It is very unfortunate, yes. Even if they catch the "thief" how can they charge him as a "thief"? If Vitalik files a case on him what is Vitalik's argument? How did the "thief" "steal" all that ETH?
newbie
Activity: 26
Merit: 0
July 28, 2016, 02:22:57 AM
For the past 30 days I checked the ETH price graph and It's dumped hard from 0.028BTC the highest to 0.0124BTC the lowest which is more than the half. ETH is trying to recover and I think more investors will join ETH.

The price is around 0.018 now. I think it could rise to new all time high if the community and companies support it.
look this is from the ether page:
Build unstoppable applications ( the dao was one and the stoped it )

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
but the fork did interfer
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
the fork leave so called colateral with a loss till humans might or might not replay them .
that means the blockchain like it is now with the option to fork might harm biz that is already running on it
not a very good perspectiv for new investors

correct me if i am wrong

If you can catch the thief before the hard fork, there is no need to do the hard fork. It is unfortunate.
legendary
Activity: 1078
Merit: 1000
July 27, 2016, 09:33:00 AM
For the past 30 days I checked the ETH price graph and It's dumped hard from 0.028BTC the highest to 0.0124BTC the lowest which is more than the half. ETH is trying to recover and I think more investors will join ETH.

The price is around 0.018 now. I think it could rise to new all time high if the community and companies support it.
look this is from the ether page:
Build unstoppable applications ( the dao was one and the stoped it )

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.
but the fork did interfer
These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move funds in accordance with instructions given long in the past (like a will or a futures contract) and many other things that have not been invented yet, all without a middle man or counterparty risk.
the fork leave so called colateral with a loss till humans might or might not replay them .
that means the blockchain like it is now with the option to fork might harm biz that is already running on it
not a very good perspectiv for new investors

correct me if i am wrong
legendary
Activity: 1078
Merit: 1000
legendary
Activity: 1890
Merit: 1085
Degenerate Crypto Gambler
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
July 27, 2016, 03:01:30 AM
Ethereum developers, the foundation and Vitalik are now laughed at in the cryptosphere? What are the old men of crypto thinking now? If Satoshi was here what will he say to this?
What? You mean Satoshi '1Mb block size' Nakamoto?
hero member
Activity: 532
Merit: 500
July 27, 2016, 02:59:43 AM
The FUD is real lol. ETC is vulnerable. Also poloniex will split for you if you send your ether there, so send ether there, dump your ETC, then to be 200% sure withdraw ETH to a new adress.
legendary
Activity: 1918
Merit: 1001
July 27, 2016, 02:55:22 AM
Is this true? This comment will need its own thread because this is very serious. Vitalik out of his panic in getting a fix and a solution before the attacker can dump his shares has made an even bigger problem.

Yes, that is why Vitalik asked Ethereum classic to fork to fix this issue but they are refusing. Sloppy indeed as they didnt even account for the possibility of 2 coins surviving. 



This is very serious if this is true.

What an epic fail! Could very well mean the end of ETH.
legendary
Activity: 3010
Merit: 1460
July 27, 2016, 02:17:10 AM
Ethereum developers, the foundation and Vitalik are now laughed at in the cryptosphere? What are the old men of crypto thinking now? If Satoshi was here what will he say to this?

Many old cipherpunks thought that this project was naive and doomed from the start. Vitalik is indeed intelligent , but young , inexperienced and unwise. They don't appear to understand that we exist in an adversarial environment 24/7 and one must plan for every possible attack as real money is on the line.

QFT.

I'm mining ETC just for the principle of it.

Now that attitude will create a movement that matters. I know you will not be the only one. The hash rate is increasing and I speculate that those miners are pointing their power to the original Ethereum classic for the same reasons as yours. But having some extra coins would be nice also.
legendary
Activity: 3836
Merit: 4969
Doomed to see the future and unable to prevent it
July 26, 2016, 11:57:34 PM
Ethereum developers, the foundation and Vitalik are now laughed at in the cryptosphere? What are the old men of crypto thinking now? If Satoshi was here what will he say to this?

Many old cipherpunks thought that this project was naive and doomed from the start. Vitalik is indeed intelligent , but young , inexperienced and unwise. They don't appear to understand that we exist in an adversarial environment 24/7 and one must plan for every possible attack as real money is on the line.

QFT.

I'm mining ETC just for the principle of it.
legendary
Activity: 994
Merit: 1035
July 26, 2016, 10:36:34 PM
Ethereum developers, the foundation and Vitalik are now laughed at in the cryptosphere? What are the old men of crypto thinking now? If Satoshi was here what will he say to this?

Many old cipherpunks thought that this project was naive and doomed from the start. Vitalik is indeed intelligent , but young , inexperienced and unwise. They don't appear to understand that we exist in an adversarial environment 24/7 and one must plan for every possible attack as real money is on the line.
legendary
Activity: 3010
Merit: 1460
July 26, 2016, 10:08:19 PM
Ethereum developers, the foundation and Vitalik are now laughed at in the cryptosphere? What are the old men of crypto thinking now? If Satoshi was here what will he say to this?
legendary
Activity: 994
Merit: 1035
July 26, 2016, 09:59:52 PM
Is this true? This comment will need its own thread because this is very serious. Vitalik out of his panic in getting a fix and a solution before the attacker can dump his shares has made an even bigger problem.

Yes, that is why Vitalik asked Ethereum classic to fork to fix this issue but they are refusing. Sloppy indeed as they didnt even account for the possibility of 2 coins surviving. 

legendary
Activity: 3010
Merit: 1460
July 26, 2016, 09:49:29 PM


Is this true? This comment will need its own thread because this is very serious. Vitalik out of his panic in getting a fix and a solution before the attacker can dump his shares has made an even bigger problem.
legendary
Activity: 3248
Merit: 1160
Playbet.io - Crypto Casino and Sportsbook
July 26, 2016, 09:31:49 PM
If the big ETH whales sell the ETC, the ETC price will go to almost zero. So the chain will die eventually.
Hopefully that would not happen because that would affect all the altcoins, we know that ETH is gaining the success currently and new coins is also starting to have that success so if anything happen, it would probably create a panic in the crypto world for altcoins.
legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.
July 26, 2016, 04:13:10 PM


OH:  Each HF is another halvening of VitalikCoin's credibility.   Cheesy


#REKT
legendary
Activity: 2982
Merit: 1485
July 26, 2016, 03:41:28 PM

LOL. What a fail from Vitalik. Cheesy Cheesy
Everybody laugh at you you little scammer. You killed your own coin, you betrayed your own people. Now try to save that dead-fork with Coinbase. Somebody should clear this mess. This is the first time unforked chain passed the "so-called consensus" forked one in crypto-currency history.
legendary
Activity: 994
Merit: 1035
July 26, 2016, 03:37:13 PM
If the big ETH whales sell the ETC, the ETC price will go to almost zero. So the chain will die eventually.

The more sell pressure there is the cheaper the fuel will become increasing its value proposition for arbitrage. ETC is tied to ETH at the "hip" for legal and market reasons. Both will not die anytime soon. ETC likely will seek parity, and ETH fetch a small premium. Both are in for an uncomfortable and wild ride and with lawsuits coming - https://bitflikz.com/blogs/news/the-theft-of-a-1-billion-dollar-blockchain-community-legal-action-begins  both will likely lose value.
sr. member
Activity: 242
Merit: 250
July 26, 2016, 03:32:43 PM
If the big ETH whales sell the ETC, the ETC price will go to almost zero. So the chain will die eventually.
legendary
Activity: 994
Merit: 1035
July 26, 2016, 03:30:29 PM
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