ETHEREUM GENERAL

[Anonymous No.1307368]

If you aren't pouting all of your money into Etherium (18.87 at time of this post) you are a fucking tool and deserve eternal poverty edition.

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.

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 project was crowdfunded during August 2014 by fans all around the world. It is developed by the Ethereum Foundation, a Swiss nonprofit, with contributions from great minds across the globe.

>>What is Ethereum
https://www.ethereum.org/

>>ETH/BTC
https://www.coingecko.com/en/price_charts/ethereum/btc
>>ETH/USD
https://www.coingecko.com/en/price_charts/ethereum/usd

[Anonymous No.1307378]

I put in $900 when it was at $14. Should I put in more?

[Anonymous No.1307386]

Trade ETH with x5 leverage on https://whaleclub.co/join/CiCCMS

[Anonymous No.1307428]

>>1307378
I put in $900 into BTC when it was at $14. Should I put in more?

[Anonymous No.1307439]

https://yobit.net/en/trade/ETH/BTC/?bonus=eLJwf

[Anonymous No.1307490]

>tfw poured all my money into ETH and don't have anymore to put in

If I had lots of money I could have made myself rich off of this and BTC exploding in price. Fuck.

[Anonymous No.1307496]

>>1307490
>if I was rich I would've been rich

[Anonymous No.1307501]

>>1307428
I put in 1,500 at an average of $13

Wish I put in 10,000

Don't want to buy more now that its high

Don't know what to do

[Anonymous No.1307507]

>>1307496
100k would have been enough to make some nice $$$ from this. Especially if you were bagholding ETH and BTC and bought @ $7pc and $440pc respectfully

having 100k to invest doesn't make you rich bub

[Anonymous No.1307516]

What happens with ethereum if the gubbamint decides to shut down the internet?

[Anonymous No.1308292]

>>1307516
Switch to alternative meme power source

[Anonymous No.1308508]

ITT: ETHcucks going all in after their meme tokens already peaked

>They will never experience owning TRUMP and being on board during its rocket ride to the moon

[Anonymous No.1310345]

>>1307501

Lucky you! It's still dirt cheap.

[Anonymous No.1310396]

how do i buy ETH gais. Im not from the US so i cant use coinbase

[Anonymous No.1310488]

>>1307501

It's not high. Buy more.

[Anonymous No.1310517]

I'm in for 12130$ at 18$ a coin
thanks vitalik

[Anonymous No.1310541]

bought around $600 when it was about $3. I don't regret anything. I couldn't justify putting more in at the time

[Anonymous No.1311357]

>>1310396
dutch reporting in, am using coinbase

just buy btc with euros and then buy eth with btc

[Anonymous No.1311370]

So once I buy some eth do I hold onto it and sell a little bit for profits? How do I then exchange some for USD if I want to spend my earnings?

[Anonymous No.1311375]

>>1311357
fellow dutchy, do you have any experience with cashing out?

Like taxes and shit?

I'm kinda scared of the belastingdienst when the time comes and we cash out our Vitalikbucks.

[Anonymous No.1311402]

$19.50 and its NOT EVEN SEPTEMBER

$70 by september IM CALLING IT NOW

[Anonymous No.1311610]

>>1311375
No experience with cashing out, if I'll make big gains ill just transfer it back to my bankaccount in small amounts.

[Anonymous No.1311650]

>>1311402

is this Eth pump&dump? wish I got in early but only litterally discovered /biz/ 3 days ago.. fml.
getting in now with .4BTC can I still make decent profit or do I need to be investing fucked up amount of money like 2-10k.
Only coin I'm invested in at the moment is Breakthrough coin and I have about 0.2BTC in it...
cheers boi

[Anonymous No.1311655]

>>1311650
Any amount you like bud.

Ethereum will be bigger than bitcoin in about 1 year

[Anonymous No.1311664]

>>1311655

is this meme coin or what going on man?
I don't know if to believe people or not but obviously it's been going pretty fucking good so far, just have a feeling a group is behind it and they're all going to take their profits and leave everyone bag holding? like when will it be time for everyone to sell their Eth

[Anonymous No.1311687]

Pardon my ignorance how do I buy BTC to convert to ETH without having a mobile phone?

[Anonymous No.1311691]

Anyone want to help a guy out? Asking for some ETH before it's too late. Please and thank you. I hate grewing up poor and being poor in my adult years.

0x1948538946f21b6aa988e7477f6d4b33dccc8fd0

[Anonymous No.1311693]

>>1311687
What?

You use a pc connected to the internet.

[Anonymous No.1311694]

>>1311664
No one is forcing you to invest.

Just remain at your current level of wealth if you so wish.

[Anonymous No.1311695]

>>1311693
everything asks for phone verification. coinbase does anyway

[Anonymous No.1311851]

>>1311691
Check your account nigger, you're a millionaire now

[Anonymous No.1311870]

>people literally asking if they should invest
the pump & dumpers have a vested interest in you buying, it makes the price go up
How do people not know anything about crypto

[Anonymous No.1311873]

>>1311870

[Anonymous No.1311890]

>>1311870
COOOOOPE.
Thats what you idiots said back in January as well - you're pumping the presalers. Investing in Ethereum is building the foundation in order to get returns later on. Ethereum increased EIGHTEEN TIMES in the last 6 months. Tell me another investment that did as well.

[Anonymous No.1311895]

Can someone please help me with eth? Just made the wallet, i hate to be a nocoiner 0xBa19e0A2c3A1a4c83cAB697E3B665301eC9E3eD4

[Anonymous No.1311987]

>>1307439
>yobit

[Anonymous No.1311989]

>>1311695
I dont use coinbase. And neither should you.

[Anonymous No.1311997]

>>1311989
well what do you use that doesn't need phone verification family

[Anonymous No.1311999]

>>1311997
Poloniex

[Anonymous No.1312063]

new ethereum cloudmining site:
http://discreethash.weebly.com/
Thoughts?

[Anonymous No.1312084]

>>1307368
hi
so heres my problem Im in Poorland I have some money USD and PLN in paper
I want to change this value into Ethereum and store json copies on SD cards or something like that
how into ?

może jakiś Polak here i mi pomoże

should I go to reddit?

[Anonymous No.1312145]

>>1312084
Yes, r/ethtrader

[Anonymous No.1312172]

Guys I can't afford a whole bitcoin right now but what if I just buy $300 worth of bitcoin and put it all into ether?

Would that be a pretty good investment?

[Anonymous No.1312404]

>>1312172
It would be the investment of a lifetime

[Anonymous No.1312422]

>>1307368

watch this video you can earn some good dough part-time not legal though but doesnt seem risky at all if you do it quitely without telling anyyone

https://youtu.be/V-vTOo7f4f8

[Anonymous No.1312431]

Where do I actually buy eth with usd?

[Anonymous No.1312456]

>>1312084
ukr here / tobi treba zrobiti money order ta kupuvati bitcoin chi potim yogo zmenyati na eth na yakos birgi yak polonix

[Anonymous No.1312460]

I have 700ETH that I bought when they where around 4$. Should I buy more?

[Anonymous No.1312486]

>>1307501
We just hit a new high; trend will probably continue through ~6/19, followed by a retread at the midpoint of $13 & whatever the eventual bubble is. I'd guess that could be around $17-18, in the near term. Then, in the long term (>1 mo), we're looking at maybe $15 for the valuation; starting in early July, get into BTC, as the halvening will drive prices up probably ~15-20%, at least, in the next month, and maybe more long term.

Right now, my long-term money is with BTC due to the impending reward drop; my day-trades are in eth, tho.

[Anonymous No.1312515]

>>1312486
Its $21 right now.

Buy ETH before it's too late btc cuck

[Anonymous No.1312519]

New to /biz/
Is there a way to buy eth using usd?

[Anonymous No.1312526]

>>1312460
Always buy ethereum

[Anonymous No.1312551]

>>1312519
Yes kraken.com

[Anonymous No.1312578]

>>1312063
Lets do the math.

I'm going to work with $100 here, seeing as everyone's poor.

$100=4.9 eth (or .12 BTC)

4.9 eth nets you 19.6 MH/s for 1 month. That hash rate will give you ~$103 at current eth prices in 1 month.

.12 BTC nets you 25 MH/s for 1 month. That hash rate will give you ~$130 at current eth prices in 1 month.

So long as it's not a scam, there is the potential to grow your investment. However, it's potentially less profitable than starting your own rig, in the long run. Pricing could change, and if you have $1000 to burn, you can get your own rig to hash 60 MH/s as long as your parts last.

If anyone wants to learn how to build a rig, I can give you details.

[Anonymous No.1312596]

>>1312578
Yes pls

[Anonymous No.1312605]

>>1312551
Thanks, my friend

[Anonymous No.1312616]

>>1307368
Idk why people are making a big stink about the USD price of ETH. ETH is in a bear market vs BTC, as is every other alt atm. You fucks are delusional.

[Anonymous No.1312641]

>>1312515
I don't need to; I mine eth, so I'm riding the wave of your speculation into the sunset.

[Anonymous No.1312649]

>>1307490
I'm in the same boat, I put half of my piddly savings into this, that was when it was $7 but I couldn't buy a huge volume. My only regret is not being able to invest more.
Disclaimer: I would never advise such a thing, I'm in a bad situation right now and this was some kind of desperate move to make money, it just happened to pay off. Don't gamble with money you don't have unless you're insane like me.

[Anonymous No.1312654]

>>1312616
Because I still use dollars to buy food, pay bills, pay for school etc.
Is it more clear now why?

[Anonymous No.1312733]

>>1312654
No jack ass. Look at the chart again vs BTC. ETH is bearish, meaning BTC is the better investment atm.

[Anonymous No.1312750]

>>1312596
Well, in all honesty it's pretty simple.

1) Get EthOS ($39 shipped on an SSD; find it on GPUshack, or just google it)

2) Get a motherboard with as many PCIex1 or PCIex16 inputs as you can (I'm partial to this one for its cost effectiveness - http://www.newegg.com/Product/Product.aspx?Item=N82E16813157471&cm_re=asrock_mining-_-13-157-471-_-Product))

3) Get a cheap CPU for your mobo (mine was $50 - the heatsink and fan for it cost almost as much as the CPU itself lol)

4) Get AMD R9 GPUs with at least 4GB internal memory - the most cost effective I've found are the R9 290s (~$200 each)

5) Get a PCIex1-x16 adapter for each GPU that won't be attached to the single x16 main GPU slot on your mobo (something like this - http://www.newegg.com/Product/Product.aspx?Item=9SIA6J32GU7224&cm_re=pcie_x1-x16_adapter-_-9SIA6J32GU7224-_-Product))

6) Get at least 2GB RAM for each GPU

7) Get a power supply that can handle the power you're putting into the cards and mobo; each card typically sucks ~140 watts, the rest of your components combined will probably eat up another 150-200 watts, so do the math. If you're getting a 2-card rig, you'll need at least a 450 watt power supply. If you want to fill all 6 slots, you need 1200+ watts of power.

8) If you order it all today, it should show up in about a week. In total, it'll probably cost you ~$1000 to get a 3-GPU starter rig that can net you 80 MH/s forever, and could feasibly expand to 160 MH/s for another ~$630-650. The starter rig would net you 1 eth every ~36 hours, or ~20 eth/month. You'll have made all your money back on a 3-GPU rig once you hit ~50 eth (at current prices), which is 2.5 months. If you spring for a 6-GPU rig, your ROI period is slightly shorter, since you'll be making ~40 eth/month, but the total cost will be closer to $1650, which is ~80 eth (currently), meaning you'll net your break even at almost exactly 2 months.

If you found this useful, donate! ;-)
0x8f50836f0444e76887078448390F8fAcCf07B1fb

[Anonymous No.1312759]

>>1312616
>in a bear market vs BTC
I wouldn't say that. Both are pretty intrinsically linked; pretty much anything that runs on the ether platform will accept BTC as payment, so anything that's a positive shock for Eth is also going to boost BTC.

They're both going to skyrocket in value long-term; the real question is what happens once 1 BTC is worth $10,000+; transaction prices at that price level would be significant.

[Anonymous No.1312765]

>>1312750
what about electricity prices? did you calculate that?

[Anonymous No.1312768]

Asking for donations, I don't have shit, I was only able to invest 90 bucks, and it'll be a long time before I make a positive ROI at current prices.

[Anonymous No.1312770]

>>1312768
Excuse me, forgot my address, 0x0A937b5E2BB7d398eF49817a46c25e8f6b096057.

[Anonymous No.1312781]

Paycheck-to-paycheck fag here (In uni, of course parents are paying for most of it)
Shamelessly begging.
0x67794Ad272E556afb86cC28DC5b115567e61B73C

[Anonymous No.1312795]

>>1312759
There are 8 decimal places behind BTC. No reason for outstanding fees at that level.

[Anonymous No.1312796]

>>1312616
Wrong.

The trend is up

[Anonymous No.1312799]

I remember Bitcoin used to do a number on people's GPUs back in the day, or maybe it still does
Mining Ether seems simple, but should I use my home PC to do it?

[Anonymous No.1312807]

>>1312796
Zoom out

[Anonymous No.1312808]

>tfw noticed ethereum when it was 2 euros, bought in at 4,70 euros thinking it was already too late
>with current price I have 4x return on my 2000 euros investment

[Anonymous No.1312819]

>>1312765
No, I didn't take electricity into account. If you calculate electricity prices, you're obviously significantly extending your break-even; it's all highly variable though, since your prices are very different from someone else's.

I will say that my electricity costs didn't change much, but that's likely more to do with the fact that my electricity bills tend to go down in the summer (more light, less lights on in the evening); I can't vouch for how much it costs to power 1300 watts.

[Anonymous No.1312823]

>>1307507
Fun fact: This mentality is how margin traders get rekt

[Anonymous No.1312825]

>>1312808
don't sell out.

If you don't need the money, wait until the first apps start coming out. There's a couple recent daos that are built on gambling, and "theDAO" is going to play heavily into how the future of these markets look.

It's going to be an interesting ride, yo.

[Anonymous No.1312838]

>>1312825
>implying ill sell before brexit
brexit will be the ride

[Anonymous No.1312840]

>>1312819
In thinking about this more, I'm going to guess that having a rig will probably keep my electricity costs relatively even year-round. I keep it in my basement and live in a northern climate in the midwest, so in the summer the costs of my rig is offset by the fact that we don't use lights as much, and in the winter it's offset because I won't need to use as much power to keep my house heated.

At least, that's how I'm imagining this. The rig is more of a hobby than anything, though.

[Anonymous No.1312853]

>>1312807
Er, ok

[Anonymous No.1312891]

>>1312750
How do you assemble it then?

[Anonymous No.1312898]

>>1312750
What CPU should I get

[Anonymous No.1313024]

>>1308508
This. Unless you have some serious $$$, buying in this close to the peak isn't going to make you jack shit.

[Anonymous No.1313027]

>>1313024
>peak

>>1312853

[Anonymous No.1313141]

>>1308508
>calls eth meme
>owns donald trump tokens

[Anonymous No.1313248]

>>1313024
>peak
thats what these faggots said at the beginning of the year too.
ITS FUCKING TWENTY DOLLARS NOW
IT INCREASED BY TWENTY (20) TIMES IN SIX (6) MONTHS. Once the killer apps come out for ethereum and Augur becomes the internet oracle, ethereum will go in the 3 digits.

Dumb no coiners

[Anonymous No.1313288]

>>1313248
this
ENJOY MISSING THE TRAIN AGAIN

[Anonymous No.1313419]

>>1312819
Do you live in the LA area? I will pay you cash money to build me a rig and set it up. My DWP account is in my gf's name and they have her on the poor people plan so my power is cheap. If I knew I could build a $1000 ETH machine that would pay for itself in 3 months I would have done it a long time ago.

[Anonymous No.1313599]

>>1313248
>no coiner
You're an idiot. It was a trumpcoiner who said that, jackass. Reading comprehension.

[Anonymous No.1313617]

>>1313419
Ha no I'm in the Midwest (I'm >>1312819
though, I just post behind proxies most of the time). I can walk you through things though. Do you have a wallet set up? If so, send me a small transaction and include a comment with your email if you want more help:

0x8f50836f0444e76887078448390F8fAcCf07B1fb

[Anonymous No.1313627]

Nocoiner here trying to get on the train

what the fuck site do you use and how do you get your funds in? All the sites tell me to fuck off for being in the US, Coinbase wants me to wait 2-3 days for a statement verification, and the only reasonable price on Paypal only allows purchases between 1-50 USD. I'm just trying to put in $270.

[Anonymous No.1313630]

>>1313627
Can you do 3 payments of $50 and 1 of $20?

[Anonymous No.1313633]

>>1313627

[Anonymous No.1313637]

>>1313627
https://yobit.net/?bonus=eLJwf

You can transfer USD via OkPay, PerfectMoney and Payeer

[Anonymous No.1313641]

>>1313630
I could but I really don't know that much about this site, it's Paxful so I ain't sure how much I should trust it.

>>1313633
I just said that Coinbase wants me to wait 2-3 days lad

>>1313637
I tried those 3, all of them told me to fuck off because US.

[Anonymous No.1313644]

>>1313641
Try Localbitcoins

[Anonymous No.1313645]

>>1313641
>>1313630
also adding onto it, I have to wait for the buyer to even respond to me with instructions and so far I got nothing.

>>1313644
Alright.

[Anonymous No.1313669]

>>1313644
sheit man these guys are charging $50 more than current value, fuck me.

[Anonymous No.1313692]

god fucking damnit my bank is absolutely screwing me over. If I want to get in on this the only option right now is some guy selling for 867 USD/BTC. Should I do it or just wait and get it sorted out so I don't get assfucked.

[Anonymous No.1313694]

>>1313692
At that price you might want to wait, it's $100 more than the average price. Have you looked a Circle? Never tried them myself but heard good things about them.

[Anonymous No.1313699]

>>1313694
I'll try this before I call it quits for the night.

[Anonymous No.1313707]

>>1313694
Alright, I finally got it and managed to get .34 BTC just to start myself off. Any sites you know that use circle?

[Anonymous No.1313714]

>>1313707
Grats! You can transfer your BTC to any exchange to do some trading, or download a 'lite' BTC wallet onto your pc.

[Anonymous No.1313716]

So you need to buy Bitcoins to trade them into Ethereum anyway so why wouldn't I just let them sit as bitcoins?

[Anonymous No.1313718]

>>1313714
Oh yeah I just realized I can transfer BTC right into my ether wallet. Testing the waters now with the bare minimum deposit amount, if it goes on through I'll be ecstatic.

[Anonymous No.1313723]

>>1313716

>why wouldn't I just let them sit as bitcoins?
The answer depends on whether you think ETH or BTC will produce a higher ROI.

And for what it's worth there are exchanges that do Fiat/ETH conversion. QuadrigaCX in Canada, for example.

[Anonymous No.1313728]

I was going to buy ETH but /biz/ said I'm a fag if I don't buy the dip ;A;

[Anonymous No.1314176]

>>1311664
ETH being bigger than BTC at any time is a meme.
ETH dumped to 14 dollars as we speak.

[Anonymous No.1314318]

>>1308508

The ETHcucks didn't listen. Should've bought Trumpcoins.

[Anonymous No.1314344]

Fuuuuuuuuck Me bought at 20
I knew the DAO was a bad idea. Everybody has to have a leader.

[Anonymous No.1314349]

>>1313669
It's good if you want total anonymity

[Anonymous No.1314494]

>>1314344
If I were you I'd hold on for the recovery.

I might buy the panic induced dip if it goes low enough.

[Anonymous No.1314517]

>>1314494
Same, man. This has fucking potential to put us in the same place as people that purchased cheap as fuck bitcoin after the 1.2K bubble burst. It may take some time to see profit, but if you and I are correct we can see some definite results

[Anonymous No.1314526]

>>1314517
Yep. All you have to do now is wait 3-5 years for the dubious chance of making .. 300% or so. Hope you have a lot of patience. And extra disposable money laying around, too.

[Anonymous No.1314605]

>>1314526
>All you have to do now is wait 3-5 years
That was part of my plan anyway.

[Anonymous No.1314778]

ATTENTION

DO NOT FORK

Whatever you do, do not fork.

[Anonymous No.1314784]

>>1312172
I'd personally put $300 into a gpu, mobo, and celeron and then mine ETH.

[Anonymous No.1314807]

>>1314778
Fork is the only way

https://blog.ethcore.io/attack-on-thedao-what-will-be-your-response/

[Anonymous No.1314829]

>>1314807
My miners will NOT FORK. Fuck you cucks and your DAO. You deserve the shit.

[Anonymous No.1314912]

>>1314829

Na. Someone hacking and taking millions of dollars isn't right. Excpetially for a community trying to better the world. He should have reported it. That's what the dev community is about.

[Anonymous No.1314922]

>>1314912
Time to write a ForkDAO that will get everyone to fork when it hits 51% of eth invested in it. It'll fork ETH and delete the other 49% and redistribute.

[Anonymous No.1314948]

>>1314829
Fuck you and your miner, implying you little shit has any sway on the topic whatsoever

[Anonymous No.1314956]

>>1314948
I know someone who invested $1m into DAO tokens. He's the guy who tanked lisk. I haven't been on teamspeak to see how he's doing. Oh boy.

[Anonymous No.1314980]

>>1314829

Na. Someone hacking and taking millions of dollars isn't right. Excpetially for a community trying to better the world. He should have reported it. That's what the dev community is about.

[Anonymous No.1314989]

>>1314980
I think the creators of DAO ought to reimburse the people they pawned poor code off on. Why does the greater community have to accept this?

[Anonymous No.1314991]

what is to "fork"?

[Anonymous No.1314998]

>>1314980
by the way, they knew that there was a vulnerability and they did what they could to convince people to not worry when there was indeed a reason to worry and remove your funds. they could have preceeded this.

https://blog.slock.it/no-dao-funds-at-risk-following-the-ethereum-smart-contract-recursive-call-bug-discovery-29f482d348b#.g8yw4c34b

[Anonymous No.1315006]

>>1314991
They want everyone to switch to a different version of the software that will undo everything the DAO did. They will most likely force it upon us with a software update if they do it. If the ethereum foundation wants it done, then all future releases will include that fork.

[Anonymous No.1315015]

>>1314989
Because the amount of money they collected is worth many times more than they CAN pay.

The best option now is offer the guy 10% of what's on the dao in return for 90%.

Failing that they could do a hard fork and the guy gets 0%.

[Anonymous No.1315018]

>>1315015
Well people need incentives to not push shit code out

[Anonymous No.1315062]

So what is the DAO and why are people talking about subverting the entire reason for cryptocurrency to exist to revert a hack on it?

[Anonymous No.1315101]

oh great I can't get any DAO out of my Jaxx wallet. What a good day

[Anonymous No.1315110]

Its over eth is crashing, sell out now while you still can, the market is not going to recover from that eth theft

[Anonymous No.1315116]

So this ETH hard fork is bad, but the DAO niggers that just got ripped off are gonna force it cause that's how to get their dao tokens back? If I own zero dao tokens and lots of ETH, I should be opposed to hard fork?

[Anonymous No.1315120]

game over for ether, dump your shit before it becomes next to worthless

[Anonymous No.1315127]

>>1315116
A hard fork is only one proposed solution, it may not even be necessary.

https://www.reddit.com/r/ethereum/comments/4oj7ql/personal_statement_regarding_the_fork/d4d1vir
>Some in the dev community actually think that it may be possible to recover most or all the funds in the dao without the subsequent state-changing hardfork

[Anonymous No.1315132]

ETH is now DOGE-tier.. No ones gonna invest in this easily exploited slav software.

This isnt even a Mt.Gox

This is just someone exploiting ETH contracts for keks

[Anonymous No.1315507]

>fork to return eth to the hands of shitty coders

I thought this cryptoshit was supposed to be decentralized? Will the eth foundation give me MY money back if I'm unsatisfied with a transaction in the future?

[Anonymous No.1315611]

>If you aren't selling all your Etherium (15 and dropping at time of this post) you are a fucking tool and deserve eternal poverty edition.

Fixed it for OP

Golden thread, ETH shills tears are delicious

[Anonymous No.1315633]

Just flipped it all into BTC

[Anonymous No.1315646]

>>1312654
>>1312759
>>1312796
>>1312853
>>1313027
kek

[Anonymous No.1315649]

>put in $40 yesterday for shits and giggles
>immediate crash
Why can't I ever have fun

[Anonymous No.1315661]

>>1315649
$40 is less than chump change

[Anonymous No.1315674]

>>1315661
I know, it was 1/4th of what I made during that day
Still absolutely pathetic timing

[Anonymous No.1315687]

Lost 100% of my profits from the past 2 weeks

Thanks you fucking russian kike

[Anonymous No.1315693]

https://whaleclub.co/join/CiCCMS

Short ETH if you know what's good for you

[Anonymous No.1315720]

LMAO should have been in BTC.

>put your life savings into ETH guys! Look at the gains in the last two weeks!

>100% of gains lost and drops to a 4 week low

[Anonymous No.1315729]

>>1315720
Except this wasn't a predictable market trend

[Anonymous No.1315753]

LOL ITS OKAY GUYS! HES MAKING JOKES! EVERYTHING IS GOING TO BE OKAY

[Anonymous No.1315754]

SUB $14
>SUB $14
SUB $14
>SUB $14
SUB $14
>SUB $14
SUB $14
>SUB $14
SUB $14
>SUB $14

[Anonymous No.1315773]

>Not buying the dip and hodling the shit out of eth
good luck with being poor

[Anonymous No.1315779]

DAO confirmed for shutting down:

>The DAO will be winded down completely and transformed into a simple contract where you can only withdraw. It’s shutting down but as no ether was stolen and no ether was spent, nothing was lost.

[Anonymous No.1315782]

>>1315779
>nothing was lost.
credibility

[Anonymous No.1315791]

DAO and that scammy russian just ruined any confidence in alts.

GG

[Anonymous No.1315802]

So at what $ do we buy back in?

[Anonymous No.1315808]

DAO, what a worthless piece of shit. I would have been ok with it, if it just failed. But instead they get hacked in under a month and the funds stolen kill the price of Eth in minutes. Fuck the DAO. Worthless shit

[Anonymous No.1315866]

>>not holding your ETH in Coinbase

Oh welp, time to buy more I guess.

[Anonymous No.1315983]

[Anonymous No.1316028]

real quick, I deposit some BTC in yobit and it's been stuck in awaiting deposit for a while now, do I have to do anything else in Coinbase or just be patient?

[Anonymous No.1316067]

>>1316028
be patient..

[Anonymous No.1316122]

>>1307386
Quit shilling your referral you poor fucker

[Anonymous No.1316126]

>>1310396
Can you buy ETH with Coinbase? Or did you mean you can't buy btc to buy eth

[Anonymous No.1316135]

Whatever happened to Penny Nigger General?

[Anonymous No.1316310]

anyone knows how to buy ETH in Germany?

[Anonymous No.1316335]

>>1316310

Kraken.

[Anonymous No.1316381]

Wow eth is going back up this is just nuts

[Anonymous No.1316445]

Here is the chatlog from last night with all the DEVs. Very interesting read.

http://pastebin.com/aMKwQcHR

[Anonymous No.1316458]

>>1316381
No its not.

[Anonymous No.1316483]

>>1316458
It's going back slowly, nearly .023 btc

[Anonymous No.1316489]

>>1316483
Nope.

[Anonymous No.1316500]

>>1316489

[Anonymous No.1316501]

This hard fork is bullshit. I'm selling all my ETH.

[Anonymous No.1316506]

>>1316381
There was no reason for ETH to drop to begin with, people were panic selling over the DAO situation which makes no sense. Even after this "free fall" I'm still in the positives.

>>1316501
Is that even the solution they chose, it's only one of a few possibilities and they still have a month to choose.

[Anonymous No.1316518]

>>1316445
who's dino, and what role does he play in all this? he seems to be the only one pushing hard for panic reactions

[Anonymous No.1316533]

>>1316518
I dont know. Im trying to figure that out. I would of told him to go fuck himself if he told me shut down my exchange.

[Anonymous No.1316534]

>dump
>buy on the dip right after they announce the fork

[Anonymous No.1316697]

>>1315753
this fucking guy. I wouldn't be surprise if he shorted ETH and caused the whole thing.

[Anonymous No.1317049]

>>1316381
>going back up
I kekked

[Anonymous No.1317309]

Is it too late to short ETH yet?

[Anonymous No.1317328]

>>1317309
Yeah the spike has come and gone. Volatility will descrease over the next few days and people will get excited the next time it crosses $20USD

[Anonymous No.1317361]

>>1313633
Why is this shit so convoluted? Fucking hell why can't I just buy some ether

[Anonymous No.1317827]

>>1314998
TOP KEK

[Anonymous No.1317864]

what's a good BTC/ETH exchange to buy this shit? I use GDAX and yobit and everyone is too scared to buy/sell anything across the huge spread

[Anonymous No.1317992]

>>1317864
Poloniex

[Anonymous No.1318034]

Fuck The exchanges for awhile - those assholes and their endless security bullshit couldn't even stay up under a moderate shitstorm like the DAO dicking. The only motherfufker that hung in there when shit got sideways was shapeshifter. My acts are bought through them.

[Anonymous No.1318209]

Ethereum price needs support
https://www.coingecko.com/en/price_charts/ethereum/usd

[Anonymous No.1318211]

Fuck the DAO. Worthless shit

[Anonymous No.1318222]

>That OP
>That irony
Nothing better than waking up and gloating at eth cucks

[Anonymous No.1318227]

>>1315753
Literally euphoric

[Anonymous No.1318242]

>smart contract
Most homosexualy named service ever. Enjoy that thin and long slavic penis up your rectum.

[Anonymous No.1318243]

>>1307368
I sold all my DAO's and still have my Ethers but the BTC from my DAO are going to Waves this monday.

[Anonymous No.1318256]

Thanks, Ethercucks. This will push the value of my Bitcoins through the roof :^)

[Anonymous No.1318263]

anybody stupid enough to put their money in this deserves whatever happens to them

[Anonymous No.1318327]

>After the attack, there quickly emerged suggestions of forking the Ethereum blockchain to recover/refund the lost Ether. The fact that these terrible proposals are getting even the slightest bit of traction, must surely be explained by the crew that has gathered around Ethereum.

>One of Bitcoin’s strengths is that it cannot be altered. Even after 700.000 Bitcoins went missing in the Mt.Gox scandal, such an obvious theft if there ever was one, there was never any talk of forking to recover the stolen funds. Why? Because one of the most important features of a cryptocurrency is that it is automated, beyond the control of a select few. To make sure it retains its value, it should be impossible to tamper with. Altering the past to make sure that someone who “didn’t deserve” to get value, doesn’t get value, is a very dangerous slippery slope, and could destroy the confidence in the entire platform.

>Ethereum has an important choice to make. Will it cater to the newbie whiners who have lost vast amounts of money placing a risky bet on an unproven, alpha-stage decentralized application, and in the process destroy its own credibility? Or will it holds its head high and be true to the cryptocurrency "codex", which is that there is no such thing as risk-free investment? The risk of bugs and other problems should be baked into the market price of any given project, and the fact that it wasn't is witness of irrationality, a.k.a a bubble. Why should TheDAO, the fastest growing and richest cryptocurrency project the world has ever seen, be given such a huge break and be bailed out?

>This is the big test. If Ethereum shows weakness and bails out TheDAO, it might lead to a long-term depression and stagnate the growth of the platform. I cannot fathom how it could benefit anyone in the community, except the suckers who lost their life savings in TheDAO hack.
https://steemit.com/crypto-news/@spectral/ethereum-you-need-to-let-thedao-sink

[Anonymous No.1318356]

>If you aren't pouting all of your money into Etherium (18.87 at time of this post) you are a fucking tool and deserve eternal poverty edition.

JUST LOL OP

[Anonymous No.1318361]

>>1307368
>"investing" in cryptoshit

[Anonymous No.1318364]

>>1307368
>If you aren't pouting all of your money into Etherium (18.87 at time of this post) you are a fucking tool and deserve eternal poverty edition.

No need to put OP on suicide watch, he's already dead.

[Anonymous No.1318372]

>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07

[Anonymous No.1318373]

just read this in the Trollbox. Shit is so funny

[Anonymous No.1318415]

Poloniex Troll Box provided this link from the party responsible for exploiting the DAO code.

http://pastebin.com/CcGUBgDG


----


Is it legit?

[Anonymous No.1318428]

>>1313248
How does it feel? HOW DOES IT FEEL!?!

[Anonymous No.1318476]

>>1318415
Nobody in their right mind would try to claim responsibility like that when there's a manhunt going on.

[Anonymous No.1318506]

>>1318476
What those obese IT cucks are going to do anyway? Throw cheetos and strapons at him?

[Anonymous No.1318511]

>>1318506
Do you even realize how long that dust can stay on your skin? This isn't a game, Anon.

[Anonymous No.1318528]

>>1318415
No, the signature doesn't match

[Anonymous No.1318530]

>>1318511
Not a game but, rather, entertainment. Love keking at all the ethercucks out there

[Anonymous No.1318777]

Ether is fucking retarded. I hope anyone investing in it is doing it because they think other retards will purchase it for more, and not because they believe in the technology.

[Anonymous No.1318807]

This keeps getting better and better.

https://www.cryptocoinsnews.com/miners-to-be-offered-one-million-ether-claims-daos-alleged-attacker-in-ccn-interview/

[Anonymous No.1318818]

WHAT IS THE BOTTOM???

[Anonymous No.1318822]

>>1318818
0

[Anonymous No.1318830]

>mfw I missed the ETHbus last year
>watched the rise from .4 to 20
>full of regret
>then this happens
I'm buying in when it hits bottom and the shitstorm blows over.

[Anonymous No.1318854]

>>1318830
>never bought eth
>never had a single regret
>completely unconcerned about missing out
>never going to buy
>mfw

[Anonymous No.1318880]

>>1318830
Will it ever go up against once it goes super low?

[Anonymous No.1318890]

>>1318880
Of course.

It's good technology.

Look at what happened to BitCoin after MtGox.

[Anonymous No.1318900]

>>1318890
Wasn't the problem with Mt Gox that the exchange itself was poorly coded and exploited, not Bitcoin itself? This doesn't seem like a valid comparison.

[Anonymous No.1318902]

>>1318880
Shills will tell you Yes! Without a doubt! It's guaranteed! I will tell you I don't know. Could go either way.

Who you choose to listen to is up to you. But don't listen to shills, just sayin.

[Anonymous No.1318917]

>>1318900
How isn't that a valid comparison? The DAO is not ETH but an application of ETH.

[Anonymous No.1318924]

>>1318900
It's a perfect comparison. The problem with DAO was that their contract was poorly designed and unaudited. Ethereum and the blockchain have been working as intended this whole time.

[Anonymous No.1318932]

So should i sell all my eth now? Or is it going to go back up?

[Anonymous No.1318937]

>>1318932
If you're still in profit then sell that shit,it's pretty much over and that autistic Slav fuck is just making things worse

[Anonymous No.1318938]

>>1318932
Shills will tell you Yes! Without a doubt! It's guaranteed! I will tell you I don't know. Could go either way.

Who you choose to listen to is up to you. But don't listen to shills, just sayin.

[Anonymous No.1318939]

>>1318932
>So should i sell all my eth now?
Absolutely.

[Anonymous No.1318990]

>>1318917
The difference is, Satoshi Nakamoto didn't try to steal the Bitcoin from MtGox from the thieft, meanwhile Vitalik is acting like a central banker trying to disturb the flow of the money.
ETH is FUCKED. GO all in on BTC NOW.

[Anonymous No.1318992]

>>1318917
>>1318924
Why did ETH crash then, if the DAO, which has its own coin, is the problem? Eth crashed so hard that it went lower per BTC than it's been since February.

[Anonymous No.1318997]

>>1318990
>Vitalik is acting like a central banker trying to disturb the flow of the money.
That's simply not the case, no matter what, he has no control over this, at the end of the day the miners have to make the decision which is a community decision not a central decision, to put that in other words more than 50% of the entire ethereum network has to be in favor of this decision for it to go through, that's not central it's distributed.

>>1318992
Because people don't understand the technical details so there are many headlines and people saying "ethereum hacked!" which gets parroted and misconstrued further.

You can also fault the people that are doing what the post above you is doing, either intentionally or not they're spreading wrong information.

People are going to question anything good but the second they hear something bad they panic and assume it's the truth, that makes people pull out regardless of if it was a good idea or not, then that has its own momentum.

[Anonymous No.1318998]

>>1318992
DAO doesn't have its own coin, it uses ETH. A significant amount of ETH was "stolen" from the DAO and the market responded by panic selling before the attacker had chance to dump his coins.

[Anonymous No.1318999]

testing new lows within the next 6 hours.might be extended a bit if i underestimated the amount of idiots misinterpreting the market.

[Anonymous No.1319003]

>>1318990
That's what I'm saying. I lost a LOT of money in minutes on ETH the other day, but I'm never touching it again. Gonna hard fork the fucking blockchain... "Decentralized..." Fuckin yeah right...

[Anonymous No.1319010]

>>1318997
They have to pick by letting the fucking elected miners vote! It's a retarded idea.

[Anonymous No.1319011]

>>1318880

It's fucking risky, best play is to short it right now. It will definitely go lower. It will go higher later, as it bounces back, but TONS of the hype behind Eth was from the DAO. So without that, there isn't much happening with it. It has potential, but this really fucked it over.

Don't go all in. Manage your risk.

[Anonymous No.1319013]

>>1319003

Short this pig, literally free money. It's going down, the hacker/hackers are getting ballsy, and vitalik is an awful manager who doesn't know what he's doing.

[Anonymous No.1319017]

>tfw no space for the blockchain data

[Anonymous No.1319020]

>>1318998
DAO does have its own tokens, those tokens are just backed by ETH, they have their own market value and also a guaranteed value in ETH, you can exchange DOA tokens for a percentage of the DAO's ETH balance via the DAO contract. At the time of creation you could exchange 100 DAO for 1 ETH, if the DAO profited you would get the same percentage back but more ETH as a result.

DAO is not ETH, it is only backed by it.

>>1319010
>elected miners
Anyone can mine on the network, there are no special miners.

[Anonymous No.1319023]

>>1318932
If you're in the positive. If not, just let it sit and see how the market reacts over the next few days. If it goes below $9 it's short time to try to recover literally any of your loss.

[Anonymous No.1319029]

>>1319013
Can't short shit. Outta fuckin cash because of this shit. Hahahaha. Live and learn.

>>1319020
I thought ETH was PoS?

[Anonymous No.1319031]

>>1319020
But even if it's not proof of stake, I don't like that idea, that the creators of the currency had a bunch of it and someone stole it, so they're going to repeal that TX. That's the opposite of decentralization.

[Anonymous No.1319035]

>>1318932

Brother this is the dead-cat bounce

>>1319029

Did you at least diversify?

[Anonymous No.1319043]

>>1319035
Man, I had been diversified between BTC and ETH... BTC was dipping a bit, figured fuck it, ETH is on a bull run, let's go all in (ON MARGIN!!!!). Was heading for $25. As soon as we got to $21 just fucking disaster, and it's not a coincidence, I imagine it was drained BECAUSE it was worth over $20 at that point. Sucks to suck, right? Learning experience.

[Anonymous No.1319046]

>>1318997
It doesn't matter. The fact that the creator considered a rollback proves the project is in wrong hands. It's over.

[Anonymous No.1319047]

>>1319029
>I thought ETH was PoS?
It's PoW, PoS is intended to happen later.

>>1319031
>That's the opposite of decentralization.
Explain your reasoning.

10% of the entire network had currency in it, not just Vitalik. As a result 10% of the network want a solution to this problem.

A solution has been proposed and more than 50% of the network must agree with it or it will not happen.

In what way is this centralized? No single person nor entity controls this decision, it will literally take the majority of the network to agree that this is a good solution in order for that solution to be chosen.

[Anonymous No.1319049]

>>1319013
>Short this pig, literally free money.

Cool crystal ball

[Anonymous No.1319050]

>>1319035
I also had some in Sia (still do), and also a bit in Factom, but I pulled out to dump into ETH because I was confident that at least for a few hours it would be good to ride the train. I was dumb but there's no way I could have anticipated such a sudden event like that, and that's probably the lesson I learned. Always. Have. Stop. Orders.

[Anonymous No.1319054]

>>1319043

Damn, even if this hacking shit didn't happen we still would have seen some price drops. You learned a good lesson but fuck that hurts

Did you ever take profits from cryptos into fiat? Biggest mistake I see almost everyone make here is not putting profit into a fiat savings account that you will never, ever touch no matter what shitcoin is booming

[Anonymous No.1319055]

>>1319054
I'm brand new. I've been fucking with bitcoin for years obviously, because drugs, but I just started getting into finance a few months ago. Figured cryptos would be a good training ground because so volatile and also no regulation. Easy margin (which I'm learning to be careful with). But yeah I only planned to go all in on it until $25. We... didn't make it that far.

[Anonymous No.1319056]

>>1319046
Worked fine for BTC.
https://bitcointalk.org/index.php?topic=702755.0

[Anonymous No.1319059]

>>1319049

>massive attack, vitalik trying to save face by fucking up trust with his community, BTC strong

>it's going up!

If you would have shorted at .0154 when I posted this you could have gotten out at .0151 now, or wait a few hours and get out at sub .013

[Anonymous No.1319060]

>>1319047
Because 10% is not the majority of the network... So if the majority of the network agrees to repeal transactions from a fucking blockchain then I'm naturally suspicious when only 10% of the network had a stake in it. Mostly it is the undoing transactions part that throws alarms, especially when the people who were robbed were the people who designed the system. That feels very centralized to me.

[Anonymous No.1319066]

>>1319059
are you talking ETH/BTC? I only lost money on that when BTC fluctuated, I only made money on ETH/USD before well, losing basically all of it lol. Currently long on BTC trying to make back any of the loss I incurred

[Anonymous No.1319067]

>>1319056
>https://bitcointalk.org/index.php?topic=702755.0
Again, Satoshi or the Core devs never told the exchanges to stop all trading to avoid panic selling and the "hacker" selling as well

Vitalik is a fucking moron, to rollback over coins being stolen, btc did hard forks due real problems, not coins being fucking stolen, this guy is a complete idiot.

[Anonymous No.1319071]

>>1319066

Yeah

BTC should do well through this, good choice. Just keep watching the yuan

[Anonymous No.1319075]

Seems like it may have bottomed at 11.5

[Anonymous No.1319076]

lol

[Anonymous No.1319077]

>>1319067
I got in at 740 so I'm hoping it doesn't good back below that.
>>1319067
I use Bitfinex and they never even paused trading lol. After that announcement the real panic sale happened

[Anonymous No.1319079]

>>1319075
Are the markets even functioning yet or are they still halting the trading of ETH?

[Anonymous No.1319081]

>>1319079
My exchange never stopped. Buyers want to pull sub-$11 so idk if its really bottoming out
https://www.bitfinex.com/exchange/ethusd

[Anonymous No.1319086]

>>1319060
>Because 10% is not the majority of the network... So if the majority of the network agrees to repeal transactions from a fucking blockchain then I'm naturally suspicious when only 10% of the network had a stake in it.
You're speaking like this has already happened. An additional 41% of the network who does not have a stake in this have to make the same decision as well, and this has not happened yet.

I don't understand what your concern or suspicion is or how this is centralized.

>>1319067
Why blame Vitalik for anything? People are asking for a solution and he gives them one, it's up to the community to decide if that solution is actually chosen. If you think he's an idiot then simply don't vote in favor of it.

If anyone is to blame it is The DAO owners and DAO members for complaining.

What part of a community decision like this one is bad anyway? I am in awe at how stupid this conversation has been, we have people complaining it's not decentralized while others are complaining that the distributed community having the power to make decisions like this is bad.

[Anonymous No.1319093]

>>1319081
In the IRC logs, they admitted that they had stopped withdrawals, not trading.

[Anonymous No.1319094]

>>1318999

for shorters i'd be very very careful of a big bounce right after passing the old lows @0.013. will be a lot of profit taking and longers all at once and many people will stop looking for short opportunities. would be a bounce to >0.017!

if the market plays out close to what i'm picturing in my mind i'll be longing at first sign of resistance at 0.013 even though I think eth is heading sub 0.010.

138A4r2NVUseHSdtua8LvT3veARiovDttL tip for when you listen to me and long .013 and make a lot of money

[Anonymous No.1319097]

>>1319086
It's not, it's good. But if they intend to hard fork to repeal this transaction and people who don't agree are stuck on a non-consensus blockchain then that would be bullshit. I've heard that a softfork is intended and also that a hard fork is, so if it's just a softfork I guess I am okay with that but I still don't like it because of the whole reversing blockchain transactions thing.

[Anonymous No.1319123]

also ETH sub-$11.30

[Anonymous No.1319126]

>>1319075

What, like yesterday when it seemed to have bottomed at $14?

[Anonymous No.1319142]

>>1319126
I paused there for a second

[Anonymous No.1319147]

>>1319094
>>1318999

next prediction:

there'll be at most 1 15min candle of resistance between now and 0.0135

[Anonymous No.1319171]

So i took out all my ether without losing on my initial investment
If it goes up tomorrow i will cry

Who's holding and who's withdrawing?

[Anonymous No.1319186]

>>1319171
got in at 18.... got out at 14. hurts

[Anonymous No.1319240]

>>1319147

[Anonymous No.1319346]

>>1319240
if you think the buywall is a bull sign then you're a beginner. the buy wall give sharks better prices on shorts and gives an immediate profit when the wall dissapears after short positions have been entered.

the huge buy wall just makes me even more sure that the next bounce will be huge.

[Anonymous No.1319384]

Hey wanna be /biz/ analysts, share some thoughts with me.

The image I've posted are from btcmarkets.net, one of Australia's leading ETH/Bitcoin exchanges.

Here's what I'm thinking. IN the bottom graph, ETH/AUD you can clearly see the price spike on the 14th-16th of June before plunging back to normal after news of the hack

However, on the ETH/BITC price chart (top) the spike is never there. You can see where it plateaus on the 15th of June, but otherwise the price never really achieved anything against bitcoin. Should I have been using this as a more accurate guide to ETH's true value?

Also of course
>those last prices that are much lower than the out of date chart.

[Anonymous No.1319428]

Waiting until it goes sub $10 then I'm going balls deep.

[Anonymous No.1319434]

>>1319384
You're not taking into consideration that BTC also had a spike this week. That's why the spikes are smaller on the upper graph.

[Anonymous No.1319463]

Just cashed out all of my eth

Based on my luck/trading history, this means it is about to skyrocket

[Anonymous No.1319485]

it's not fair....

it's not fair god...

do you hear me up there?

I'm sick of your bullshit, IT'S NOT FUCKING FAIR.

I take /biz/ advice and invest in a PC with dual 390x so I can make a nice passive income farming ether and then what happens.

It's value goes down the drain overnight. It's my punishment for taking a risk.

Did I basically just build a 2000 dollar electricity waster?

What am I supposed to do now? I have to farm something that will net me at least 250 USD a month. IT'S NOT FAIR. HELP ME BROS.

[Anonymous No.1319490]

>>1319485

Buy TRUMP!

[Anonymous No.1319498]

>>1319490
Stop trying to push the new dogecoin. Trumpcoin IS NOT GONNA HAPPEN.

[Anonymous No.1319592]

So is now a good time to buy Ethereum, or is it dead?

[Anonymous No.1319605]

>>1319485
Stop listening to lying, bullshitting shills, cut your losses, and move on.

[Anonymous No.1319609]

>>1319485

See what happens. If ETH let's the hacker have it, stay. Just stay and wait.

If the fork happens. move on.

[Anonymous No.1319617]

>>1319592
Yeah. It's also a good time to invest in beanie babies and baseball cards

[Anonymous No.1319631]

literally got hacked today. 50$ mil. what happened man

[Anonymous No.1319645]

pretty massive fake rally in eth, alot of overleveraged or under-committed people took losses here i'm sure.

My entry was 0.0154, still holding and won't be exiting anytime soon.

alarms and stoploss set, sleeping until my alarm wakes me at 0.138 in a couple hours.

[Anonymous No.1319650]

All this panicking is awesome. ETH is fine you tards, it's only the dao.

[Anonymous No.1319658]

>>1319650
If ethereum is fine, then why is it going to be forked?

[Anonymous No.1319735]

Ethereum is finished. I recommend everyone sell their Ether coin now.

So I can buy it up. :^)

[Anonymous No.1319768]

Buy lisk you cucks

[Anonymous No.1319775]

Margin trading this is fucking destroying my mind but I'm getting $20 an hour

Worth

[Anonymous No.1319785]

>>1319650
>Shills pretending not to know how much this effects eth too.

keep up the fakery.

[Anonymous No.1319948]

DAO and ethereum retards cucked

[Anonymous No.1319952]

Yea it's not finished, but bottom is definitely ~$8, if not lower....I'm out and buying back in then.

[Anonymous No.1319982]

>>1319592
If the devs really opt to bail out DAO investors from losing 30% of their high risk bets on unproven technology with highly flawed economic model by completely sacrificing the integrity of the Ethereum blockchain then there will be no long term prospects for Ethereum as the only unique value it was promising was trustless smart contracts without possibility of a third party interventions. For short term get rich schemes the high volatility and high volume is still there to be abused no mater who in the end ends up getting a fork stabbed in their eye

[Anonymous No.1320012]

>>1319982

I mean, honestly, do you really think they are "completely sacrificing the integrity" of Eth by doing a fork? Doing it now is different than doing it later. You are taking things a bit too literally

[Anonymous No.1320014]

>>1320012
this is the retarded fucking DAO's problem
if eth does a fork they're degenerate

[Anonymous No.1320030]

>>1320012

Yes it is, it will never recover, Vitalik panicked because of this when he should have never gotten involved, and when he sees eth plummeting he'll take even more drastic measures

Short this shit senpai

[Anonymous No.1320033]

>>1320030
It doesn't matter what he wants to do, it is up to the community to dictate if a fork happens or not.

[Anonymous No.1320034]

get out of eth now and start mining daddy bitcoin today
https://www.genesis-mining.com/a/273276 3% off promo code woJXzj mine forever

[Anonymous No.1320042]

>>1320033

But when the creator wants to fuck over the coin, there will be less investors. We'll see longs who got this based on the technology starting to sell off and move to waves.

[Anonymous No.1320048]

>>1319059
Where did I mention that its going up?

It already fell, there is no reason to believe it will fall a lot further.

Basically crystal balling all over the place.

If you were so confident in all of this, I assume you are a multi millionaire because you shorted on leverage?

[Anonymous No.1320052]

>>1320048

pulled out for minor gains when it got the pump going, played it a bit after that. I think all faith has been lost in eth and those buying are speculating on how much they can squeeze out of it or are delusional.

We'll see in the morning though

[Anonymous No.1320055]

>>1320052
>faith lost in Eth
That is illogical, nothing happened to Eth for faith to be lost.

[Anonymous No.1320062]

hope eth succeeds it's gonna be a hacker's paradise even better than bitcoin

[Anonymous No.1320076]

>>1320048
What there's no reason to believe is: that the selloffs are finished yet.

[Anonymous No.1320091]

>>1320055
Have you read the chat log between eth founders(vitalik + other eth guys) + the exchange owners during this fallout?
They act like children. They wanted the exchange owners to stop trading and freeze ETH. And want to hardfork eth.

If you still have faith in them, holy shit you are retarded. If they really go through with the hardfork , it's over for eth + dao. If no, fork then they can save ETH. Need a year or 2 to get the reputation back.

[Anonymous No.1320261]

>>1320012
They are creating a dangerous precedence that some funds on the blockchain can be locked (the blacklisting feature to mining clients they are right now pushing, i.e the softfork,) or some transactions can be reverted (hardfork) opens up the Ethereum, both big miners, the foundation and the devs themselves to subpoenas and the like that can and will be abused in the future.

[Anonymous No.1320270]

>>1320091

Kek youre full of shit. Post some quotes from that seem childish to you.

[Anonymous No.1320278]

>>1320055
Nothing happened to ETH, however it was a wake up call to how dangerous the functionality of ETH can be.

This WILL happen over and over, and it's just how things are going to be with ETH. People will be terrified to put their money into anything that uses ETH.

[Anonymous No.1320280]

>>1320270
ctrl+f dino

[Anonymous No.1320281]

>>1320091
Obviously you've never really met talented developers before.

They tend to be pretty emotionally underdeveloped.

With good leadership though, this is no issue.

[Anonymous No.1320282]

>>1320281
Uh, socially* not emotionally.

[Anonymous No.1320300]

>>1320052
>>1320055
>>1320278

The value of ETH is definitely lower after this weekend's events, as its clear that more work is needed to make the currency more useful.

I'm not an investor in ETH (I own no coins) but I'm pretty sure it continues to be a really exciting project from a purely academic perspective. Luckily there are a lot of get-rich-quick kids thanks to bitcoin who are willing to fund the project and provide a good testing ground.

[Anonymous No.1320313]

ITT pump and dumping shills

[Anonymous No.1320327]

>>1320313
Yes, well shills must pump. That is their imperative, their prime directive. They must hype, and pump, and generally present a distorted and one-sided picture that conveniently leaves out all the caveats to "It's going to the moon and nothing can stop it!" Ah, the shills of /biz/. Truly they are the clowns of the board, and they are just asking to be mocked and taunted. So give the tools what they want! I say.

[Anonymous No.1320340]

>>1320300
For the record, I like Ethereum too, academically, as well as blockchain stuff in general. It's the shills I can't stand. I think shilling and the pump and dump attitude toward it is part of what's holding back the technology from it's potential. It's like there's this parasitical energy surrounding the tech, and we see it manifest in the shilling, manipulation, gloating.. all of it. It's super immature shit, that makes me seriously think that it's mostly 13-17 year old kids with like $38 in crypto who are the loudest and most obnoxious proponents of it all.

[Anonymous No.1320350]

MODS PLEASE STICKY THIS THREAD

It is the perfect showcase of how quickly shill sentiment changes and will serve as a good caution to /biz/ newcomers

[Anonymous No.1320380]

>>1320350
/biz/ has no mods

[Anonymous No.1320382]

Apparently another attack going on

https://live.ether.camp/account/BB9bc244D798123fDe783fCc1C72d3Bb8C189413

https://www.reddit.com/r/ethtrader/comments/4ot3vi/warning_another_successful_attack_recursive_split/

[Anonymous No.1320398]

>>1320382
wow, it's fucking nothing

[Anonymous No.1320475]

Is it still worth investing in a good GPU to mine ether or is it gonna go to shit?

Is mining bitcoin with an Asic still viable or is it all outsourced to China?

[Anonymous No.1320479]

>>1320380
so we can post cp w/o getting banned?

[Anonymous No.1320488]

>>1320479
sure, go ahead

[Anonymous No.1320564]

>mfw i lose $150,000,000

[Anonymous No.1320625]

Some pools have started voting on the adoption of a soft fork.

http://ethpool.org/stats/votes
http://ethermine.org/stats/votes

[Anonymous No.1320656]

>>1320278
>nothing happened to Eth

>provides reasons why eth is dangerous

the fuck?

[Anonymous No.1320692]

>>1319498
you're right, it's not gonna happen :^)

[Anonymous No.1320697]

>>1320340
dude nobody gives a shit about some digital code lmao, who is going to buy hookers and blow with that? all crypto is ever good for is money laundering and ponzi schemes, just like bitcoin is owned by chinese crooks trying to avoid taxes.

ride the pump, avoid being a holder during the dump and laugh your ass to the bank (to get some real money that buys you stuff, lol)

[Anonymous No.1321676]

>>1320697
Totally proved his point lmao

[Anonymous No.1321714]

>>1320564
jej

[Anonymous No.1321784]

It's going back up! Daily high of $13!