Topic: Ethereum KILLING BITCOIN! - page 4. (Read 10111 times)

er......greed

pay devs in Bitcoin lol       it's obvious they want fiat and not Bitcoin

very happy to dump

suppose this is all very ironic,

Those with spare Bitcoin get greedy,spend some on Ethereum thinking ,i'm gonna make a killing

and boom get shafted by a lower price because of the dumps

so lose both ways Bitcoin holding worth less and Ethereum? well, who knows, not worth a lot at all

everyone with half a pea in there head knows it's gonna crash on release

How is dumping price "killing" Bitcoin?

You know what would be "killing" Bitcoin? 51% attack. Literally.

Does dumping price have anything to do with protocol?

And who has even heard about Ethereum? I don't think they can have such an impact. Nobody even knows who they are.

If this continues they will bring the price down to 400.. damn, why the hell are they dumping the bitcoins.. they can pay the devs in bitcoin, if not when they dump the last chunk of 1000 btcs they will only receive 100k usd because the price will be 100 usd.

Did bitmain lower the miner price?

Still, even with the discount, will there be ROI?

Woo! Cheaper antminers for me!

Hehehehe.


Reference?

It's their coins and they can do as they like. They are not killing anything because they just can't.

Arbitrage will mean they'll be naturally spread out across the major exchanges. Waiting until closer to the end of the 20k btc before putting in my buy orders.

The intent is to withdraw 4150 BTC from our exodus address within the next 48 hours. We reserve the right to withdraw up to 850 BTC more if needed before the end of the 42 day duration of the sale, but at this point it is likely that the remainder of the BTC in the address will remain unused until the sale ends. Of this amount, 2650 BTC will be distributed to pay for loans for prior expenses. Individuals who have contributed loans to the project will receive repayment in BTC directly; “we” will not be selling any portion of this 2650 BTC on exchanges ourselves, although individuals may choose to independently convert the BTC that they receive into fiat after the fact.

https://blog.ethereum.org/2014/08/08/announcement-on-planned-exodus-withdrawal/

Well so it seems like localbitcoins new york will have alot of work.. people will keep buying and selling bitcoins no matter if the big exchanges block NY customers.

I guess that sounds about right and no news from Coinbase on their stance on this issue to my knowledge.
I'm guessing no it should be OK for new yorkers since they are in discussions with paypal.
http://www.coindesk.com/paypal-subsidiary-braintee-talks-coinbase-accept-bitcoin/

Aha, so the reason to sell now would be it is the last moment you can sell on exchanges? Thanks for the info, I was also considering it, but e.g. Coinbase should be still OK for New Yorkers, I think?

I don't tend to keep track of it myself but it seems to be a legal issue
Can check bitlegal to see why
It seems Circle would need to block new york as well as other companies.

Circle: BitLicense Would Force Us to Block New York Customers
Stan Higgins | Published on August 13, 2014 at 20:50 BST

Two top Circle executives have issued strong critiques of New York’s proposed bitcoin regulations.

In a new blog post, Circle CEO Jeremy Allaire says that the Boston-based bitcoin startup would move to block New York customers from using its service should the BitLicense proposal become law. His statement was echoed in a companion piece by company CTO Sean Neville.

Allaire is one of a growing crowd of industry leaders to weigh in on the controversial BitLicense system in recent weeks. Yet, Circle’s response marks one of the first times a bitcoin company executive has declared publicly that their business would refuse to provide services to New York customers because of the proposed regulatory framework.

The Circle CEO wrote in the blog post that the regulations are “technically impossible” to comply with, creating a radically more challenging environment for digital currency companies to operate in.

He concluded:

“Without some material changes, Circle will have no choice but to block New York customers from accessing our services.”

The full post included several proposals detailing how Allaire believes the BitLicense proposal could be made more inclusive, while better positioning the bitcoin industry for growth.

http://www.coindesk.com/circle-bitlicense-block-new-york-customers/

Can check out more at bitlegal then checking under USA by clicking on it.
http://bitlegal.net/

I have not followed NY regulations closely. Can somebody please explain: if you live in New York, is there a reason to sell your btc before NY regulations will be introduced?

They can integrate bitcoin into their platform and add value rather that just selling bitcoin.

We had to get their sometime so we could finally enter into another rally
Guess its also a bit of a blessing to get all the doom and gloom predictions out of the way while were at it and just go full bear for a bit
Then feeling refreshed be bullish again XD.

Let's also thank Ethereum for helping us to the despair phase of this cycle.

TLDR, "Leave Bitcoin alone!" https://www.youtube.com/watch?v=kHmvkRoEowc

*end thread*

We have 4k BTC to 470 to bitstamp right now.  The market should be able to withstand a 20k BTC dump if spread across exchanges.