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Wanderer of the Wastes
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I can't buy into eth. *I hope that popescu or whoever broke that shittily written dao thing does sue and get his money back.
How is eth better than fiat if the developer can say : ya screw your money I don't like what u did so, fuckin yoink.
If anything, that makes it even less fungible than serialized paper cash.*
ETH is not intended to be a store of value though.

What ETH aims to be far outweighs the fallout from the DAO fiasco imo. I don't care about the moral platitudes around immutability of in-development un-finished tech. Why should a hostile actor keep 15% total supply before it's even out of beta? BECAUSE of beta they could rollback; why should a cheater keep his score post-launch?

At least it got everyone thinking about their smart-contract security first & foremost....

Recently announced 'Enterprise Ethereum Alliance' with JPMorgan, Microsoft, Intel...

ETH is too promising to ignore completely. internet 3.0 right here. but you're right to be wary... attack surface the size of jupiter...
 

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ETH is not intended to be a store of value though.

What ETH aims to be far outweighs the fallout from the DAO fiasco imo. I don't care about the moral platitudes around immutability of in-development un-finished tech. Why should a hostile actor keep 15% total supply before it's even out of beta? BECAUSE of beta they could rollback; why should a cheater keep his score post-launch?

At least it got everyone thinking about their smart-contract security first & foremost....

Recently announced 'Enterprise Ethereum Alliance' with JPMorgan, Microsoft, Intel...

ETH is too promising to ignore completely. internet 3.0 right here. but you're right to be wary... attack surface the size of jupiter...
fair point about its intent. the dao hack just seems to illustrate (to my infantile understanding of the software) the problem with smart contracts. either the code is the law, so to speak, or it's not, and, if not, we are back to contracts with terms like "reasonable" and all the arbitration and litigation overhead that those terms entail. If that's the case, then what does ETH achieve.

Im sure there are some use cases like the ones mentioned in the press, like interbank clearing, and mega merchant order management, but if the use is limited then how will there be sufficient demand for miners to build the network, and all that stuff already works without magic blockchain sauce.

Anyhow, I'm sure all these questions are answered somewhere, if they even make sense.
 

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Wanderer of the Wastes
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ETF *DENIED*

glad I held my alts! ETH moon, XMR moon... BTC needs to come down out of LEO for refueling
 

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Bitcoin bounced back nicely from the resulting dumpage. I'm waiting to see what happens over the next days. I expect a downturn and it could go on for weeks/months. I'm glad this Etf bs is over at any rate.
 

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wow. I was all wrong. less than $100 correction for etf speculation. bargain hunters had like 2 hours to get in there.


started reading the SEC decision.
https://www.sec.gov/rules/sro/batsbzx/2017/34-80206.pdf

some good points to be sure, but this one got me. maybe i'm taking it out of context.
...the price of bitcoin is defined entirely by speculation, without any ties to fundamentals.
errrm. isn't that the point? what "fundamental" do they propose to tie to this giant waste of electrons?

Also, WTF is happening to DASH?
 

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Wanderer of the Wastes
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yea that 'dump' was pretty shallow and short-lived (so far! :p).

all alts on miraclegrow looks amazing; except for Dash. Dash needs to die. (straight up ponzi scheme imo)


Good things still coming down the pipes though in cryptoland... ETH name service goes live tuesday (DNS for ETH addresses/contacts). First step to getting your grandma using a dApp...

then there's that whole pesky 'debt ceiling' thing on the 15th... TrumpWalls and other absurd spendings looming .... yea, honeybadger gonna keep doing it's thing
 

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Eth scares the hell out of me. $90 USD!

I can't help but remember the DAO hack and hard forks that should have put an end to Eth. One has to wonder if the hard fork resulting in Ethereum Classic(carbon copy of original eth) was not by design. Large eth holders(the deep pockets behind eth) made a freaking fortune on that bullshit. But still it goes on.
Some very, very deep pockets behind eth and the hype machine keeps spinning. Beware.

On to some other crypto news.

Anyone who got into Ripple(Xrp) in the early days is jumping up and down for joy. Ripple has some credibility due to banking relationships. The only cryptocurrency with such. A dangerous buy right now due to high price.
Litecoin went from 6 bucks to 36 bucks USD recently. Hopefully, it tops out at $100 this year. Ltc is still silver to bitcoin gold. Anyone who bought this when it was dirt cheap is rolling in the dough.
 

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Discussion Starter #49
Eth scares the hell out of me. $90 USD!

I can't help but remember the DAO hack and hard forks that should have put an end to Eth. One has to wonder if the hard fork resulting in Ethereum Classic(carbon copy of original eth) was not by design. Large eth holders(the deep pockets behind eth) made a freaking fortune on that bullshit. But still it goes on.
Some very, very deep pockets behind eth and the hype machine keeps spinning. Beware.

On to some other crypto news.

Anyone who got into Ripple(Xrp) in the early days is jumping up and down for joy. Ripple has some credibility due to banking relationships. The only cryptocurrency with such. A dangerous buy right now due to high price.
Litecoin went from 6 bucks to 36 bucks USD recently. Hopefully, it tops out at $100 this year. Ltc is still silver to bitcoin gold. Anyone who bought this when it was dirt cheap is rolling in the dough.
A buddy in Italy bought eth early and did extremely well. He's trying to talk me into it now, but I'm not so sure.
 

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Wanderer of the Wastes
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c'mon down to the CryptoCasino, where the whales play, the shitcoins are pumped, the markets are rigged, and the exchanges are in on it, ...because everything is unregulated and we're in still at the dawn of some of the greatest wealth transfers in modern history. It's glorious.

Eth scares the hell out of me. $90 USD!
As I've talked about (for some time now): ETH has yuuuuuge potential - both ways. Another high-profile buggy contract will hurt it for a while. A bug in the protocol, or a flop on the transistion from 'proof of work' to 'proof of stake' could see ETC take dominance, or one of the competing projects that has sprung up could be given the spotlight.

I'm lucky enough to have only learned about ETH *immediately after* the DAO hack, when sentiment was at an all-time low... what a great entry point. After learning about it enough to grasp 'wtf it is and/or aims to do' (which took quite a while, may as well be magic internet beans) -- it gave me 'the tech shakes' - that nervous excitement that only comes around once every few years when first learning about a ground breaking technology, that completely invigorates the imagination with the possibilities opened up by it. Most people still don't understand the tech behind ETH, can't see what it can become... can't see beyond the 1000% price surges as the only point of interest. The see the pump and want in.
But what ETH aims to do... could quite seriously 'change the world', and how business is done. It's legit third-wave tech (but it's not even out of the box yet)*

Look at the news about the NHS being hit by cryptolocker. Good god why is ANYTHING being held on old XP boxes these days, let alone medical data.
All that shit can and WILL move to blockchain, likely now highly accelerated now that a complete digital disaster has set everything on fire, and the exits are clearly marked; The future is distributed.

The run up for transition to P.O.S could/should be a ski-jump to the moon. Major announcements by 'the whos-who of _PLANET EARTH_' getting behind ETH on the way. Raiden network launching 'soon'. > Visa level transaction speeds. 'DRM' issues solved. Soverign identify management. Autonomous energy management and transfer. ... the list goes on.

Yea. I'm gonna HODL my ETH for a while yet. See you all on the other side of the galaxy in 5yrs.

*or, of course, shit could go sideways REAL quick in crypto-land. You never know. BUT.... you could get rich, quick.

"making money in crypto is easy -- keeping it is the hard part".
 

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A buddy in Italy bought eth early and did extremely well. He's trying to talk me into it now, but I'm not so sure.
Price has been fairly steady for a bit now. Could break out either way. 50/50 chance at making a buck. If the eth gods decide to dump a few million eth on the market price will tank for sure.

That's the trouble with Eth and Xrp. Unlimited supply of tokens. Those who control the tokens control the price. I did good with Ripple Xrp but I got in on the ground floor when they were giving them away. Would I buy now? Not a chance. Price would have to tank hard before I'd consider it. The same for eth.

One may not want to put a lot of money into any of these crypto projects or currencies with quantum computing making its debut. Best buy stock in D-wave.

https://www.theguardian.com/technology/2016/may/22/age-of-quantum-computing-d-wave

https://www.dwavesys.com/
 

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Wanderer of the Wastes
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Litecoin went from 6 bucks to 36 bucks USD recently. Hopefully, it tops out at $100 this year. Ltc is still silver to bitcoin gold. Anyone who bought this when it was dirt cheap is rolling in the dough.
imagine if the bitcoin community could get their act together and actually activate segwit. THAT'll bleed alts for a while
 

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imagine if the bitcoin community could get their act together and actually activate segwit. THAT'll bleed alts for a while
I hear ya! We could see an incredible run up. I'm sure it must happen. Transaction time and fees are doing a lot of harm but btc still wants to climb. Go figure. Bitcoin is still the safest buy by far.
 

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Wanderer of the Wastes
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Price has been fairly steady for a bit now. Could break out either way. 50/50 chance at making a buck. If the eth gods decide to dump a few million eth on the market price will tank for sure.

That's the trouble with Eth and Xrp. Unlimited supply of tokens.
ETHsupply is not quite 'unlimited'*:
60 million + 12 million + 18million = ~90million
(60 million - is the Pre-sale).
(12 million - is the dev fund, 0.2coins per 1 coin sold in the crowdsale.)
~18 million - 1 million coins mined per month for 18 months prior to going from POW to POS.

91,018,773.78 ether in circulation (as of April 25, 2017), likely expected to be up to around 103M or so by the time POS rolls out. (which is still in flux, and tail emission rates and whatnot are still uncertain)

Certainly not capped like 21M BTC, but then again, consider something like Amazon's 478M outstanding shares and their current price point & trends.
However, transition to proof of stake will lock up a LOT of the total ETH supply. This will be a definitive point in the ETH timeline, whatever happens. :p

Those who control the tokens control the price. I did good with Ripple Xrp but I got in on the ground floor when they were giving them away. Would I buy now? Not a chance. Price would have to tank hard before I'd consider it. The same for eth.
yep, buy the dips!
personally don't like XRP much tho, but can't deny it was cheap enough for long enough that risk vs reward was looking pretty good.
Seems these days it seems any shitcoin can go at least +300% over a monthly PnD cycle though... so good luck with your XRP bags :p

One may not want to put a lot of money into any of these crypto projects or currencies with quantum computing making its debut. Best buy stock in D-wave.
Another big shakeup that will lead to absurd profit for QC secure coins. hrmmmm..
 

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Eth tokens may not be unlimited at this time but this can change with Vitalik/eth foundation running the show. Hard fork anyone? You can't trust these guys.
No Xrp bags here. Exchanged it all for gold(btc). I do have a big fat bag of ltc waiting on $100.

That will be the next cryptoscam. Quantum coins. Make sure to buy in on the first one. Easy money.
 

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Discussion Starter #57
c'mon down to the CryptoCasino, where the whales play, the shitcoins are pumped, the markets are rigged, and the exchanges are in on it, ...because everything is unregulated and we're in still at the dawn of some of the greatest wealth transfers in modern history. It's glorious.



As I've talked about (for some time now): ETH has yuuuuuge potential - both ways. Another high-profile buggy contract will hurt it for a while. A bug in the protocol, or a flop on the transistion from 'proof of work' to 'proof of stake' could see ETC take dominance, or one of the competing projects that has sprung up could be given the spotlight.

I'm lucky enough to have only learned about ETH *immediately after* the DAO hack, when sentiment was at an all-time low... what a great entry point. After learning about it enough to grasp 'wtf it is and/or aims to do' (which took quite a while, may as well be magic internet beans) -- it gave me 'the tech shakes' - that nervous excitement that only comes around once every few years when first learning about a ground breaking technology, that completely invigorates the imagination with the possibilities opened up by it. Most people still don't understand the tech behind ETH, can't see what it can become... can't see beyond the 1000% price surges as the only point of interest. The see the pump and want in.
But what ETH aims to do... could quite seriously 'change the world', and how business is done. It's legit third-wave tech (but it's not even out of the box yet)*

Look at the news about the NHS being hit by cryptolocker. Good god why is ANYTHING being held on old XP boxes these days, let alone medical data.
All that shit can and WILL move to blockchain, likely now highly accelerated now that a complete digital disaster has set everything on fire, and the exits are clearly marked; The future is distributed.

The run up for transition to P.O.S could/should be a ski-jump to the moon. Major announcements by 'the whos-who of _PLANET EARTH_' getting behind ETH on the way. Raiden network launching 'soon'. > Visa level transaction speeds. 'DRM' issues solved. Soverign identify management. Autonomous energy management and transfer. ... the list goes on.

Yea. I'm gonna HODL my ETH for a while yet. See you all on the other side of the galaxy in 5yrs.

*or, of course, shit could go sideways REAL quick in crypto-land. You never know. BUT.... you could get rich, quick.

"making money in crypto is easy -- keeping it is the hard part".
See, this is the problem i have in investing here, I don't actually understand what youre talking about. the language you are using might as well be russian to me. your entry , I've read 6 times, I actually don't know what you said. I've done very well over the years buying and selling based on predictions of the future situations, buying stocks after bad situations, seeing the world, investing on basic human actions to a situation. i don't understand what you are talking about, i don't know the language you are talking about. i have no idea how to buy or sell based on market actions, volatility swings.
 

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Wanderer of the Wastes
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See, this is the problem i have in investing here, I don't actually understand what youre talking about. the language you are using might as well be russian to me. your entry , I've read 6 times, I actually don't know what you said.
with a bit of research and a few youtube vids you can get up to speed and plugged into the space pretty quickly. follow developer progress and invest in solid tech fundamentals, ... or just wake and and see which coin is due for the daily pump on poloniex.com
 

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I need more info!
It's common knowledge quantum computing will render present forms of encryption useless. This includes cryptocurrencies, blockchain technology, smart contracts, dapps, etc.
I don't think any kind of quantum resistant encryption exists right now but there is a mad scramble to build it.

If someone comes up with a decent looking whitepaper for a quantum resistant cryptocurrency all hell will break loose. It doesn't have to work - it only need some shred of authenticity or the promise of. People will throw money at it like nobody's business. This is going to happen. *Lattice based encryption* are the key words.

Stay tuned.
 
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