Topic: Eth hardfork incoming - Race to the exits? (Read 2334 times)

With the ETH hardfork incoming in roughly 3 days time, will the people who had their ETH stolen by the Dao Hack sell?

Being completely ubiased as I own 0 ETH if I was to hypothetically put myself into the shoes of the people who lost ETH and are now getting it back due to the hard fork, I would probably be a seller.

I'm curious what others think.

Is this a case of a race to the exits?

yes, i think this hard-fork will not be as successful as expected. There is too much bad news about the hard-fork event of the ETH this time and it can cause the price of ETH to drop below $ 80 if the event fails.
other devs have arbitrarily created altcoins that have forked from ETH but it seems all are dead. Everyone knew that it was a scam. Best of all, we should not risk.

Robotbitcoin22

sr. member

Activity: 854

Merit: 250

Because of the hacking in the cryptopia market, in my opinion the price will not rise so much. now we have to be careful to be able to take a buy because we will be trapped if ethereum is dumped

Coinmyjob

full member

Activity: 448

Merit: 100

MenaPay - Crypto made easier than cash

Quote from: Ludwish on August 26, 2016, 02:46:16 AM

With the ETH hardfork incoming in roughly 3 days time, will the people who had their ETH stolen by the Dao Hack sell?

Being completely ubiased as I own 0 ETH if I was to hypothetically put myself into the shoes of the people who lost ETH and are now getting it back due to the hard fork, I would probably be a seller.

I'm curious what others think.

Is this a case of a race to the exits?

Indeed, this situation is observed and the appearance of ether in third place confirms this, many are waiting for a miracle from the fork, but I think this is only at the beginning, then everyone will again understand that the ether is more confident and stable.

Dvd1989

sr. member

Activity: 616

Merit: 252

The Constantinople hard fork will be an exciting evolution for the Ethereum community. With the implementation of efficiency, speed, and lower costs, we are moving closer towards the full realization of Ethereum’s potential.

Ultrabat

member

Activity: 117

Merit: 10

Quote from: Ultrabat on August 12, 2016, 02:21:47 AM

Quote from: Minecache on August 10, 2016, 03:41:36 AM

Quote from: Ultrabat on August 10, 2016, 02:56:56 AM

Quote from: takingthis4 on August 09, 2016, 05:29:20 AM

Quote from: yelllowsin on July 17, 2016, 04:09:44 PM

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

you still expect the price of the dao to grow? i think that right now it is impossible and i would invest into etc instead in order to make profit

Please buy some ETC to support the price. It seems the ETC has dropped quite a lot in the last few days.

Beyond theives and scammers no right minded morally correct person has any interest in supporting the ETC criminal coin.

There is no need to worry about the ETC any more. It will be a independent coin like Expanse or Shift.

The main problem of the ETC is that it has some supports and they will fud the Ethereum and cause a lot of problem.

It does not matter too much. The ETH price is still about 10 times higher. After the DEV2 meeting, the price will be even higher.

Ludwish

newbie

Activity: 70

Merit: 0

Quote from: Ultrabat on August 12, 2016, 02:21:47 AM

Quote from: Minecache on August 10, 2016, 03:41:36 AM

Quote from: Ultrabat on August 10, 2016, 02:56:56 AM

Quote from: takingthis4 on August 09, 2016, 05:29:20 AM

Quote from: yelllowsin on July 17, 2016, 04:09:44 PM

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

you still expect the price of the dao to grow? i think that right now it is impossible and i would invest into etc instead in order to make profit

Please buy some ETC to support the price. It seems the ETC has dropped quite a lot in the last few days.

Beyond theives and scammers no right minded morally correct person has any interest in supporting the ETC criminal coin.

There is no need to worry about the ETC any more. It will be a independent coin like Expanse or Shift.

The main problem of the ETC is that it has some supports and they will fud the Ethereum and cause a lot of problem.

Ultrabat

member

Activity: 117

Merit: 10

Quote from: Minecache on August 10, 2016, 03:41:36 AM

Quote from: Ultrabat on August 10, 2016, 02:56:56 AM

Quote from: takingthis4 on August 09, 2016, 05:29:20 AM

Quote from: yelllowsin on July 17, 2016, 04:09:44 PM

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

you still expect the price of the dao to grow? i think that right now it is impossible and i would invest into etc instead in order to make profit

Please buy some ETC to support the price. It seems the ETC has dropped quite a lot in the last few days.

Beyond theives and scammers no right minded morally correct person has any interest in supporting the ETC criminal coin.

There is no need to worry about the ETC any more. It will be a independent coin like Expanse or Shift.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: Minecache on August 10, 2016, 03:41:36 AM

Quote from: Ultrabat on August 10, 2016, 02:56:56 AM

Quote from: takingthis4 on August 09, 2016, 05:29:20 AM

Quote from: yelllowsin on July 17, 2016, 04:09:44 PM

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

you still expect the price of the dao to grow? i think that right now it is impossible and i would invest into etc instead in order to make profit

Please buy some ETC to support the price. It seems the ETC has dropped quite a lot in the last few days.

Beyond theives and scammers no right minded morally correct person has any interest in supporting the ETC criminal coin.

So says the scammer with the pyramid scheme in his sig. Lol

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Ultrabat on August 10, 2016, 02:56:56 AM

Quote from: takingthis4 on August 09, 2016, 05:29:20 AM

Quote from: yelllowsin on July 17, 2016, 04:09:44 PM

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

you still expect the price of the dao to grow? i think that right now it is impossible and i would invest into etc instead in order to make profit

Please buy some ETC to support the price. It seems the ETC has dropped quite a lot in the last few days.

Beyond theives and scammers no right minded morally correct person has any interest in supporting the ETC criminal coin.

Ultrabat

member

Activity: 117

Merit: 10

Quote from: takingthis4 on August 09, 2016, 05:29:20 AM

Quote from: yelllowsin on July 17, 2016, 04:09:44 PM

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

you still expect the price of the dao to grow? i think that right now it is impossible and i would invest into etc instead in order to make profit

Please buy some ETC to support the price. It seems the ETC has dropped quite a lot in the last few days.

takingthis4

sr. member

Activity: 504

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: yelllowsin on July 17, 2016, 04:09:44 PM

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

you still expect the price of the dao to grow? i think that right now it is impossible and i would invest into etc instead in order to make profit

1ofthemany

member

Activity: 62

Merit: 10

Quote from: Minecache on August 09, 2016, 02:07:47 AM

Well if you were smart like me...

Stopped reading

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: bbc.reporter on August 08, 2016, 09:35:58 PM

With the ETH hardfork incoming in roughly 3 days time, will the people who had their ETH stolen by the Dao Hack sell?

Being completely ubiased as I own 0 ETH if I was to hypothetically put myself into the shoes of the people who lost ETH and are now getting it back due to the hard fork, I would probably be a seller.

I'm curious what others think.

Is this a case of a race to the exits?

Now that we know what really happened it was the opposite that should have been done. It was really a time to buy a lot of ETH so that it could be split with the equivalent amount of ETC doubling your coins. Maybe some clever people knew that this will happen.

Well if you were smart like me you could read all the signs on here and other fora as to what was about to happen. I even posted as much that prefork was the time to buy a lot of ETH but was shouted down by the usual troll haters. Anyway post-fork I, and all other ETH believers and hodlers have profited handsomely.

luzhiren001

newbie

Activity: 22

Merit: 0

This is just a play Grin

bbc.reporter

legendary

Activity: 3122

Merit: 1492

Quote from: Minecache on August 08, 2016, 10:27:38 AM

With the ETH hardfork incoming in roughly 3 days time, will the people who had their ETH stolen by the Dao Hack sell?

Being completely ubiased as I own 0 ETH if I was to hypothetically put myself into the shoes of the people who lost ETH and are now getting it back due to the hard fork, I would probably be a seller.

I'm curious what others think.

Is this a case of a race to the exits?

Now that we know what really happened it was the opposite that should have been done. It was really a time to buy a lot of ETH so that it could be split with the equivalent amount of ETC doubling your coins. Maybe some clever people knew that this will happen.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Hodl strong all fellow ETH hodlers. The amount of FUD generated by the ETC criminal coin supporters has been unprecedented however the price and belief in ETH is unshakable.

Abandon hope all ye who enter here. As I predicted the trend is spot on. ETH is in a catch22 that it cannot recover from.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Hodl strong all fellow ETH hodlers. The amount of FUD generated by the ETC criminal coin supporters has been unprecedented however the price and belief in ETH is unshakable.

mining1

hero member

Activity: 532

Merit: 500

Ofc it isnt. Just another failed developer trying to make a living outta speculating on cryptocurrencies, using any influence they have to shake weak hands.

Ludwish

newbie

Activity: 70

Merit: 0

So far, the Ethereum ETH price is still higher than $10 a few weeks after the hard fork. So there is no race to the exit.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: ArticMine on July 17, 2016, 05:18:25 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

Immutability in this context will make anyone who is long (or short) an anonymous coin not neutral. That would include among other coins Monero. For this reason I do not consider myself neutral here, even though I do not hold any ETH or DAO.

Edit: A hard fork to change the ownership of coins is next to impossible to pull of with Monero since it would break any subsequent transactions that used the tainted coins as a mixin.

This signature-worthy quote succinctly demonstrates yet another way in which Monero does not suffer from the overhang of potential fraud.

Thank you smoothie, for unlocking the thread in light of AM's epic post and the need to reevaluate the OP in light of ETC's recent surge of popularity. Cool

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: WhatsBitcoin on July 17, 2016, 05:33:50 PM

I think BMB is trying to say you can't just Humpy-Dumpty your way with words. Language means what it means, you aren't neutral.
But it's off-topic. He's a notorious stray.

It is also impossible to assert one's stance fully without asking them their position either.

Assuming never does anyone any favors.

Let's agree to disagree.

WhatsBitcoin

hero member

Activity: 560

Merit: 502

I think BMB is trying to say you can't just Humpy-Dumpty your way with words. Language means what it means, you aren't neutral.
But it's off-topic. He's a notorious stray.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: smoothie on July 17, 2016, 05:22:29 PM

Quote from: ArticMine on July 17, 2016, 05:18:25 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

Immutability in this context will make anyone who is long (or short) an anonymous coin not neutral. That would include among other coins Monero. For this reason I do not consider myself neutral here, even though I do not hold any ETH or DAO.

What's interesting is that even though I have my own interests in certain coins and not in others, I do not care if ETH goes up or down.

My question was more of what will people do once they get their ETH back after the hard fork? Will it be a race to the exits?

I was genuinely interested in the psychology of people who had their ETH stolen and now will receive it back and what they will do with it.

I dont care if ETH goes to the moon or to hell.

By my own definition I am neutral as either outcome doesn't really benefit me (at least I don't see it that way).

If I were day trading ETH then sure I would be biased or if I owned some ETH too.

But neither of those claims as Mr. "Mayor" wanted to assert/assume are true.

I need a new handle. Embarrassed

Quote from: ArticMine on July 17, 2016, 05:18:25 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

Immutability in this context will make anyone who is long (or short) an anonymous coin not neutral. That would include among other coins Monero. For this reason I do not consider myself neutral here, even though I do not hold any ETH or DAO.

This is all I'm saying.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: ArticMine on July 17, 2016, 05:18:25 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

Immutability in this context will make anyone who is long (or short) an anonymous coin not neutral. That would include among other coins Monero. For this reason I do not consider myself neutral here, even though I do not hold any ETH or DAO.

What's interesting is that even though I have my own interests in certain coins and not in others, I do not care if ETH goes up or down.

My question was more of what will people do once they get their ETH back after the hard fork? Will it be a race to the exits?

I was genuinely interested in the psychology of people who had their ETH stolen and now will receive it back and what they will do with it.

I dont care if ETH goes to the moon or to hell.

By my own definition I am neutral as either outcome doesn't really benefit me (at least I don't see it that way).

If I were day trading ETH then sure I would be biased or if I owned some ETH too.

But neither of those claims as Mr. "Mayor" wanted to assert/assume are true.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: BlindMayorBitcorn on July 17, 2016, 05:04:44 PM

Quote from: smoothie on July 17, 2016, 04:59:14 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

I feel you need to be more specific on what you are asking and...

In regards to?

If you want to ask questions now perhaps you may want to be more specific about your question.

Now that you've decided to actually ask me as opposed to assuming things, please be clear on your question.

Please stop wasting my time by asking unclear questions.

Let me ask you a question: Do you always shoot first and then ask questions later?

Moreso do you ask unclear questions and then wait for people to attempt to get clarity?

Yeah, I tend to do that. But still...
Where's your cognitive humility, is all? Unless you're trying to move the market, I don't really get the point of this thread. It's a dead horse. When you claim to have no bias, it rings bells and makes you look silly. I'm not trying to be a dick. I promise. Embarrassed

This thread is to ask a simple question.

Obviously you can't seem to take things at face value and are quick to assume there is an ulterior motive.

ArticMine

legendary

Activity: 2282

Merit: 1050

Monero Core Team

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

Immutability in this context will make anyone who is long (or short) an anonymous coin not neutral. That would include among other coins Monero. For this reason I do not consider myself neutral here, even though I do not hold any ETH or DAO.

Edit: A hard fork to change the ownership of coins is next to impossible to pull of with Monero since it would break any subsequent transactions that used the tainted coins as a mixin.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: European Central Bank on July 17, 2016, 05:06:15 PM

i think it's gonna be a fascinating test of how much people truly believe in immutability vs big daddy controlling things. i'm gonna guess that they like having a daddy.

it is important for bitcoin, that carries the standard. the people looking for more bitcoin via other avenues ain't gonna care so much.

I'm afraid the market will react positively to big daddy. I hate that. Angry

But I'm biased that way.

European Central Bank

legendary

Activity: 1288

Merit: 1087

i think it's gonna be a fascinating test of how much people truly believe in immutability vs big daddy controlling things. i'm gonna guess that they like having a daddy.

it is important for bitcoin, that carries the standard. the people looking for more bitcoin via other avenues ain't gonna care so much.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: smoothie on July 17, 2016, 04:59:14 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

I feel you need to be more specific on what you are asking and...

In regards to?

If you want to ask questions now perhaps you may want to be more specific about your question.

Now that you've decided to actually ask me as opposed to assuming things, please be clear on your question.

Please stop wasting my time by asking unclear questions.

Let me ask you a question: Do you always shoot first and then ask questions later?

Moreso do you ask unclear questions and then wait for people to attempt to get clarity?

Yeah, I tend to do that. But still...
Where's your cognitive humility, is all? Unless you're trying to move the market, I don't really get the point of this thread. It's a dead horse. When you claim to have no bias, it rings bells and makes you look silly. I'm not trying to be a dick. I promise. Embarrassed

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: BlindMayorBitcorn on July 17, 2016, 04:54:00 PM

Well, let me ask you this, mister neutrality: How do you feel about immutability?

I feel you need to be more specific on what you are asking and...

In regards to?

If you want to ask questions now perhaps you may want to be more specific about your question.

Now that you've decided to actually ask me as opposed to assuming things, please be clear on your question.

Please stop wasting my time by asking unclear questions.

Let me ask you a question: Do you always shoot first and then ask questions later?

Moreso do you ask unclear questions and then wait for people to attempt to get clarity?

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Well, let me ask you this, mister neutrality: How do you feel about immutability?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: BlindMayorBitcorn on July 17, 2016, 04:23:59 PM

Quote from: smoothie on July 17, 2016, 04:16:28 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 03:20:45 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 02:41:08 PM

Quote from: smoothie on July 17, 2016, 04:16:28 PM

Being completely ubiased as I own 0 ETH

lol =)

I am unbiased. I have no vested interested in ETH or DAO or the outcome of it either way.

I'm calling it from a completely neutral stand point.

No skin in "this game".

Oh. You were serious. No offence dude, but that's not how bias works. There is no unbiased position here. Look closer.

In your opinion there is no unbias position.

You are welcome to believe that.

I believe I share your bias, but your refusal to acknowledge it isn't honest. You must be daytrading.
Carry-on. Roll Eyes

Assuming ones stance doesn't prove anything but how foolish you appear to me given you don't know what you are talking about.

Carry on Kiss

Honest admission doesn't come from projecting your assumptions upon others.

Perhaps you should admit that you are assuming and thus now possibly look foolish for doing such a thing instead of just asking me what I am or am not doing.

I won't bite. Cheesy

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: BlindMayorBitcorn on July 17, 2016, 03:20:45 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 02:41:08 PM

Quote from: BlindMayorBitcorn on July 17, 2016, 03:20:45 PM

Being completely ubiased as I own 0 ETH

lol =)

I am unbiased. I have no vested interested in ETH or DAO or the outcome of it either way.

I'm calling it from a completely neutral stand point.

No skin in "this game".

Oh. You were serious. No offence dude, but that's not how bias works. There is no unbiased position here. Look closer.

In your opinion there is no unbias position.

You are welcome to believe that.

I believe I share your bias, but your refusal to acknowledge it isn't honest. You must be daytrading.
Carry-on. Roll Eyes

realm

sr. member

Activity: 351

Merit: 250

I think there will be three or four rounds of big drops. The first will be the big one, some guys will sell their coins and as the price goes down I see a panic sell coming into play for those who would like to hold.
After that, I expect a strong rebuying phase followed by smoother repetitions of this circle until the price finally stabilizes.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: BlindMayorBitcorn on July 17, 2016, 02:41:08 PM

Quote from: ifinta on July 17, 2016, 03:01:37 PM

Being completely ubiased as I own 0 ETH

lol =)

I am unbiased. I have no vested interested in ETH or DAO or the outcome of it either way.

I'm calling it from a completely neutral stand point.

No skin in "this game".

Oh. You were serious. No offence dude, but that's not how bias works. There is no unbiased position here. Look closer.

In your opinion there is no unbias position.

You are welcome to believe that.

yelllowsin

full member

Activity: 236

Merit: 100

I can tell by myself who has DAO tokens, i will not sell as i expect the price to go up again after the fork and trading/changing hands ETH is done.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

My guess is there will be a drop off then the shorts will all get squeezed out then the real dump will begin After that support hits. But doing a quick short should be safe during the panic selloff of the lemmings.

Ludwish

newbie

Activity: 70

Merit: 0

Quote from: Ultrabat on July 17, 2016, 02:48:13 PM

They will hard fork to take funds away, how does this increase confidence as its an attack on the one core aspect of what makes a cryptocurrency a cryptocurrency: no central banks.

After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.

Investors will get their funds back from the thief, so they will have more confidence in the Ethereum.

I don't understand. If the thief sell all prey, how can get back investors their funds? What will happens the people they spend bitcoins for ethereum, dao (or the prey eq) in last days?

There will be a hard fork next Wednesday, the investors will get their money back according to the vote by the miners.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.

The hard fork shows you can't trust Ethereum, and you can't trust Smart Contracts. It also shows a central authority has all the power, making the DAO not "Decentral" as the name would suggest.
If I would have invested in the DAO, I would indeed sell all. Then again, I sold my (not so much) Ethereum long time ago.

I really hope Ethereum gets punished for doing a hard fork, forking for financial gain is exactly what a cryptocurrency shouldn't do.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: BlindMayorBitcorn on July 17, 2016, 02:41:08 PM

Quote from: Ultrabat on July 17, 2016, 02:48:13 PM

Being completely ubiased as I own 0 ETH

lol =)

I am unbiased. I have no vested interested in ETH or DAO or the outcome of it either way.

I'm calling it from a completely neutral stand point.

No skin in "this game".

Oh. You were serious. No offence dude, but that's not how bias works. There is no unbiased position here. Look closer.

BitcoinNewsMagazine

legendary

Activity: 1806

Merit: 1164

At this point with a hard fork planned for next Wednesday I think it is priced in and Ether price could very well increase after the fork. The developers just released an updated Mist today allowing users to choose to follow or not follow the fork. So if you like to speculate go ahead and buy some Ether now hoping for a price pop next week after the fork. Or not.

ifinta

full member

Activity: 734

Merit: 109

They will hard fork to take funds away, how does this increase confidence as its an attack on the one core aspect of what makes a cryptocurrency a cryptocurrency: no central banks.

Quote from: Ultrabat on July 17, 2016, 02:48:13 PM

After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.

Investors will get their funds back from the thief, so they will have more confidence in the Ethereum.

I don't understand. If the thief sell all prey, how can get back investors their funds? What will happens the people they spend bitcoins for ethereum, dao (or the prey eq) in last days?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

They will hard fork to take funds away, how does this increase confidence as its an attack on the one core aspect of what makes a cryptocurrency a cryptocurrency: no central banks.

Quote from: BlindMayorBitcorn on July 17, 2016, 02:41:08 PM

After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.

Investors will get their funds back from the thief, so they will have more confidence in the Ethereum.

So what you are essentially saying is that having the same structure as a central bank is what instills confidence?

Why not just use the Federal reserve system?

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Being completely ubiased as I own 0 ETH

lol =)

I am unbiased. I have no vested interested in ETH or DAO or the outcome of it either way.

I'm calling it from a completely neutral stand point.

No skin in "this game".

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Being completely ubiased as I own 0 ETH

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.

What constitutes "confidence"?

As a ETH/DAO investor (which I am not) the last 4 weeks would have been painstakingly irritating. Why would one who gets their funds returned not cash out (even some) because of fear?

lethos3

newbie

Activity: 1

Merit: 250

They will hard fork to take funds away, how does this increase confidence as its an attack on the one core aspect of what makes a cryptocurrency a cryptocurrency: no central banks.

After the hard fork, people are more confident about the Ethereum. So I think the price will rise as a result.

Ultrabat

member

Activity: 117

Merit: 10

They will hard fork to take funds away, how does this increase confidence as its an attack on the one core aspect of what makes a cryptocurrency a cryptocurrency: no central banks.