Author

Topic: Ethereum scamming with the help of Coinmarketcap - 18% premine not significant? (Read 1090 times)

legendary
Activity: 1898
Merit: 1024
There was and there will be market manipulation, bitcoin leading the herd, followed by litecoin where 99.81% of the trade is made in CNY ( chinese farmers selling to themselves ?)   https://www.cryptocompare.com/coins/ltc/analysis/BTC in the crypto scene with no exception . Currently this is how the "system" works .
And about monero, i never cared about it nor seen it as a serious project. I mean really, monero ? Why would they mock themselves ? DOGE was intented to be a joke, monero became an unintended joke. And the joke is more succesful than the unintended joke. You cant even tell people you invest in monero project, they ll look down on you.

Maybe you don`t know but you should before you make bald statement, chines exchanges atm have no fee on trade, its the main reason for huge volume, you can play all day long with LTC/BTC->CNY with zero fee at okcoin.cn and hoube!
hero member
Activity: 532
Merit: 500
There was and there will be market manipulation, bitcoin leading the herd, followed by litecoin where 99.81% of the trade is made in CNY ( chinese farmers selling to themselves ?)   https://www.cryptocompare.com/coins/ltc/analysis/BTC in the crypto scene with no exception . Currently this is how the "system" works .
And about monero, i never cared about it nor seen it as a serious project. I mean really, monero ? Why would they mock themselves ? DOGE was intented to be a joke, monero became an unintended joke. And the joke is more succesful than the unintended joke. You cant even tell people you invest in monero project, they ll look down on you.
sr. member
Activity: 336
Merit: 265
Yeah unlike the Monerotards, I am not going to harp on what I can't prove. There is some suspicion that ETH is a manipulated after market. But I can't prove it. And I don't have time to waste on that. I'd better off to go create something myself and compete, if I feel that way.

I pray that some of you can explain this concept to Monero. I am tired of arguing with them. They are always right™.
hero member
Activity: 532
Merit: 500
I agree with most of your points but for example i think ethereum did well with the ico given the circumstances, compared to ( probably) most of the other icos, there arent any projects out there that can prove they arent tainted at all. Its unrealistic to expect a group to take best decisions in every situation that will occur, especially in ethereum case, probably most complex crypto project ever made . And if they succeed in following their own roadmap and solve scalability ( i understood this is one of the biggest concerns ? ) it may even take bitcoin place.
So if you think your future project will succeed where others failed because somehow you learned from all these mystakes of those that came before you, and you wont repeat tehm, then you ll most likely succeed, but usually its easier to point out where others may fail/ failed / took wrong decisions from the peanut gallery. But even a perfect start with a perfect distribution, no market manipulation, fair and transparent funding for development etc etc wont help a project become succesful unless its either innovative or its doing a MUCH better job at something than existing projects ( not as a currency token, not even bitcoin is widely adopted )
sr. member
Activity: 336
Merit: 265
I am so glad that there are people dumber than i am, usually i dont read his posts but this time i did. Thank you spoetnik.

Could you clarify your position after read this:

https://bitcointalksearch.org/topic/m.15373900
hero member
Activity: 532
Merit: 500
I am so glad that there are people dumber than i am, usually i dont read his posts but this time i did. Thank you spoetnik.
sr. member
Activity: 336
Merit: 265
I disagree and encourage users to consider any & all ICO coins as "100% premined"

What is the difference between paying for electricity to mine Bitcoin or Monero, and paying for coins directly?

The only relevant differences are when the latter creates a non-free market. Otherwise they are equivalent.

Thus not all paid for coins are necessarily a premine, otherwise mining would be premining by your incorrect conceptualization.













legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
I disagree and encourage users to consider any & all ICO coins as "100% premined"
sr. member
Activity: 336
Merit: 265
The bolded part in your response is exactly what ETH/DAO is. Not to say these maniacs can't push the price much higher in the future but the con will only last so long.

The way the insiders manipulate the market with these premined tokens is explained, and note the high leverage employed which means if they run out of tokens to margin with, it is like a house-of-cards and will implode to 0 in a heartbeat:

https://bitcointalksearch.org/topic/m.15340159

They siphon off BTC for as long as they can and high as they can pump it, then game over and they walk away with BTC and the fools walk away with empty bags.

Also some (including the Daoattacker) allege that the USGovt + MIT (university) are complicit in the ETH pump:

https://bitcointalksearch.org/topic/m.15343686
full member
Activity: 142
Merit: 100
Crowdsale: Saturday, Aug 12, 2017
Please do not conflate ICO coins with premined, instamined, or stealthmined coins. If the ICO coins were distributed at the market price then that is not a premine. The problem is that ICOs can be manipulated as follows.

Apparently they need to include WAVES in the "significantly premined". Please note that every ICO is likely "significantly premined" because the issuers can borrow BTC to buy the ICO from themselves, then pay back the loan (with the BTC they paid themselves) giving themselves free ICO tokens and giving the illusion that they raised more money than they really did:


Instead please continue growing the platform. People just love to waste time in here.

Please don't try to cover up the truth. Let him answer.

The same question will be asked of Rise and Lisk.

They already distributed 9 million coins to themselves. That's plenty of coins to manipulate the market when the supply is set at 100 million, with no more to ever be created. They are also using 1K of ICO funds to buy back even more coins. Interesting how the market appears to be suppressed now. They also distributed 4 million coins to "strategical partners and backers."

Thank you for the information. I hope someone can document that, so it is a fact and not a hearsay.

I hope he also answers my question.

I am not here to play altcoin police. So I will not harp on this. Speculators should be free to do what ever they want and decide to use trust instead of trustless paradigms if they so desire.

I've asked the questions. Cheers.

The bolded part in your response is exactly what ETH/DAO is. Not to say these maniacs can't push the price much higher in the future but the con will only last so long.
sr. member
Activity: 336
Merit: 265
Please do not conflate ICO coins with premined, instamined, or stealthmined coins. If the ICO coins were distributed at the market price then that is not a premine. The problem is that ICO pricing is never set by the market and ICOs can be manipulated as follows.

Apparently they need to include WAVES in the "significantly premined". Please note that every ICO is likely "significantly premined" because the issuers can borrow BTC to buy the ICO from themselves, then pay back the loan (with the BTC they paid themselves) giving themselves free ICO tokens and giving the illusion that they raised more money than they really did:


Instead please continue growing the platform. People just love to waste time in here.

Please don't try to cover up the truth. Let him answer.

The same question will be asked of Rise and Lisk.

They already distributed 9 million coins to themselves. That's plenty of coins to manipulate the market when the supply is set at 100 million, with no more to ever be created. They are also using 1K of ICO funds to buy back even more coins. Interesting how the market appears to be suppressed now. They also distributed 4 million coins to "strategical partners and backers."

Thank you for the information. I hope someone can document that, so it is a fact and not a hearsay.

I hope he also answers my question.

I am not here to play altcoin police. So I will not harp on this. Speculators should be free to do what ever they want and decide to use trust instead of trustless paradigms if they so desire.

I've asked the questions. Cheers.
full member
Activity: 142
Merit: 100
Crowdsale: Saturday, Aug 12, 2017
Gulden is the biggest threat to the status quo, poloniex the scam pushing exchange won't add Gulden for the same reason which is a good thing, same with cryptsy (when it was around). Yet anyone that uses Gulden knows what a gem it is.

ETH backers and the inner circle clearly have a lot of money to throw around, they have investors with large btc holdings using bots to push high trade volumes on exchanges like Poloniex and also investors who are borrowing at very low interest rates in the US and Europe and pumping it into ETH. ETH will crash hard if and when interest rates rise in the US or Europe.

ETH is a crypto illusion , the same as the over valuation of the stock markets in the world, people will play them and some will get out in time and the rest will get burnt.
hero member
Activity: 724
Merit: 500
Guldencoin 10% premine showing "significantly premined" on coinmarketcap

Ethereum has an 18% premine... where's the "significantly premined" flag?

What bullshit. Did the Ethereum foundation "donate" to have it go away?  Huh
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