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
I put in $900 when it was at $14. Should I put in more?
Trade ETH with x5 leverage on https://whaleclub.co/join/CiCCMS
>>1307378
I put in $900 into BTC when it was at $14. Should I put in more?
https://yobit.net/en/trade/ETH/BTC/?bonus=eLJwf
>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.
>>1307490
>if I was rich I would've been rich
>>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
>>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
What happens with ethereum if the gubbamint decides to shut down the internet?
>>1307516
Switch to alternative meme power source
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
>>1307501
Lucky you! It's still dirt cheap.
how do i buy ETH gais. Im not from the US so i cant use coinbase
>>1307501
It's not high. Buy more.
I'm in for 12130$ at 18$ a coin
thanks vitalik
bought around $600 when it was about $3. I don't regret anything. I couldn't justify putting more in at the time
>>1310396
dutch reporting in, am using coinbase
just buy btc with euros and then buy eth with btc
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?
>>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.
$19.50 and its NOT EVEN SEPTEMBER
$70 by september IM CALLING IT NOW
>>1311375
No experience with cashing out, if I'll make big gains ill just transfer it back to my bankaccount in small amounts.
>>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
>>1311650
Any amount you like bud.
Ethereum will be bigger than bitcoin in about 1 year
>>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
Pardon my ignorance how do I buy BTC to convert to ETH without having a mobile phone?
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
>>1311687
What?
You use a pc connected to the internet.
>>1311664
No one is forcing you to invest.
Just remain at your current level of wealth if you so wish.
>>1311693
everything asks for phone verification. coinbase does anyway
>>1311691
Check your account nigger, you're a millionaire now
>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
>>1311870
>>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.
Can someone please help me with eth? Just made the wallet, i hate to be a nocoiner 0xBa19e0A2c3A1a4c83cAB697E3B665301eC9E3eD4
>>1307439
>yobit
>>1311695
I dont use coinbase. And neither should you.
>>1311989
well what do you use that doesn't need phone verification family
>>1311997
Poloniex
new ethereum cloudmining site:
http://discreethash.weebly.com/
Thoughts?
>>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?
>>1312084
Yes, r/ethtrader
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?
>>1312172
It would be the investment of a lifetime
Where do I actually buy eth with usd?
>>1312084
ukr here / tobi treba zrobiti money order ta kupuvati bitcoin chi potim yogo zmenyati na eth na yakos birgi yak polonix
I have 700ETH that I bought when they where around 4$. Should I buy more?
>>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.
>>1312486
Its $21 right now.
Buy ETH before it's too late btc cuck
New to /biz/
Is there a way to buy eth using usd?
>>1312460
Always buy ethereum
>>1312519
Yes kraken.com
>>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.
>>1312578
Yes pls
>>1312551
Thanks, my friend
>>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.
>>1312515
I don't need to; I mine eth, so I'm riding the wave of your speculation into the sunset.
>>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.
>>1312616
Because I still use dollars to buy food, pay bills, pay for school etc.
Is it more clear now why?
>>1312654
No jack ass. Look at the chart again vs BTC. ETH is bearish, meaning BTC is the better investment atm.
>>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
>>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.
>>1312750
what about electricity prices? did you calculate that?
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.
>>1312768
Excuse me, forgot my address, 0x0A937b5E2BB7d398eF49817a46c25e8f6b096057.
Paycheck-to-paycheck fag here (In uni, of course parents are paying for most of it)
Shamelessly begging.
0x67794Ad272E556afb86cC28DC5b115567e61B73C
>>1312759
There are 8 decimal places behind BTC. No reason for outstanding fees at that level.
>>1312616
Wrong.
The trend is up
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?
>>1312796
Zoom out
>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
>>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.
>>1307507
Fun fact: This mentality is how margin traders get rekt
>>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.
>>1312825
>implying ill sell before brexit
brexit will be the ride
>>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.
>>1312807
Er, ok
>>1312750
How do you assemble it then?
>>1312750
What CPU should I get
>>1308508
This. Unless you have some serious $$$, buying in this close to the peak isn't going to make you jack shit.
>>1308508
>calls eth meme
>owns donald trump tokens
>>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
>>1313248
this
ENJOY MISSING THE TRAIN AGAIN
>>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.
>>1313248
>no coiner
You're an idiot. It was a trumpcoiner who said that, jackass. Reading comprehension.
>>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
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.
>>1313627
Can you do 3 payments of $50 and 1 of $20?
>>1313627
>>1313627
https://yobit.net/?bonus=eLJwf
You can transfer USD via OkPay, PerfectMoney and Payeer
>>1313641
Try Localbitcoins
>>1313644
sheit man these guys are charging $50 more than current value, fuck me.
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.
>>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.
>>1313694
I'll try this before I call it quits for the night.
>>1313707
Grats! You can transfer your BTC to any exchange to do some trading, or download a 'lite' BTC wallet onto your pc.
So you need to buy Bitcoins to trade them into Ethereum anyway so why wouldn't I just let them sit as bitcoins?
>>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.
>>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.
I was going to buy ETH but /biz/ said I'm a fag if I don't buy the dip ;A;
>>1311664
ETH being bigger than BTC at any time is a meme.
ETH dumped to 14 dollars as we speak.
>>1308508
The ETHcucks didn't listen. Should've bought Trumpcoins.
Fuuuuuuuuck Me bought at 20
I knew the DAO was a bad idea. Everybody has to have a leader.
>>1313669
It's good if you want total anonymity
>>1314344
If I were you I'd hold on for the recovery.
I might buy the panic induced dip if it goes low enough.
>>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
>>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.
>>1314526
>All you have to do now is wait 3-5 years
That was part of my plan anyway.
ATTENTION
DO NOT FORK
Whatever you do, do not fork.
>>1312172
I'd personally put $300 into a gpu, mobo, and celeron and then mine ETH.
>>1314778
Fork is the only way
https://blog.ethcore.io/attack-on-thedao-what-will-be-your-response/
>>1314807
My miners will NOT FORK. Fuck you cucks and your DAO. You deserve the shit.
>>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.
>>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.
>>1314829
Fuck you and your miner, implying you little shit has any sway on the topic whatsoever
>>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.
>>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.
>>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?
what is to "fork"?
>>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
>>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.
>>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%.
>>1315015
Well people need incentives to not push shit code out
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?
oh great I can't get any DAO out of my Jaxx wallet. What a good day
Its over eth is crashing, sell out now while you still can, the market is not going to recover from that eth theft
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?
game over for ether, dump your shit before it becomes next to worthless
>>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
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
>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?
>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
Just flipped it all into BTC
>>1312654
>>1312759
>>1312796
>>1312853
>>1313027
kek
>put in $40 yesterday for shits and giggles
>immediate crash
Why can't I ever have fun
>>1315649
$40 is less than chump change
>>1315661
I know, it was 1/4th of what I made during that day
Still absolutely pathetic timing
Lost 100% of my profits from the past 2 weeks
Thanks you fucking russian kike
https://whaleclub.co/join/CiCCMS
Short ETH if you know what's good for you
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
>>1315720
Except this wasn't a predictable market trend
LOL ITS OKAY GUYS! HES MAKING JOKES! EVERYTHING IS GOING TO BE OKAY
SUB $14
>SUB $14
SUB $14
>SUB $14
SUB $14
>SUB $14
SUB $14
>SUB $14
SUB $14
>SUB $14
>Not buying the dip and hodling the shit out of eth
good luck with being poor
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.
>>1315779
>nothing was lost.
credibility
DAO and that scammy russian just ruined any confidence in alts.
GG
So at what $ do we buy back in?
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
>>not holding your ETH in Coinbase
Oh welp, time to buy more I guess.
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?
>>1316028
be patient..
>>1307386
Quit shilling your referral you poor fucker
>>1310396
Can you buy ETH with Coinbase? Or did you mean you can't buy btc to buy eth
Whatever happened to Penny Nigger General?
anyone knows how to buy ETH in Germany?
>>1316310
Kraken.
Wow eth is going back up this is just nuts
Here is the chatlog from last night with all the DEVs. Very interesting read.
http://pastebin.com/aMKwQcHR
>>1316381
No its not.
>>1316458
It's going back slowly, nearly .023 btc
>>1316483
Nope.
>>1316489
This hard fork is bullshit. I'm selling all my ETH.
>>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.
>>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
>>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.
>dump
>buy on the dip right after they announce the fork
>>1315753
this fucking guy. I wouldn't be surprise if he shorted ETH and caused the whole thing.
>>1316381
>going back up
I kekked
Is it too late to short ETH yet?
>>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
>>1313633
Why is this shit so convoluted? Fucking hell why can't I just buy some ether
>>1314998
TOP KEK
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
>>1317864
Poloniex
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.
Ethereum price needs support
https://www.coingecko.com/en/price_charts/ethereum/usd
Fuck the DAO. Worthless shit
>That OP
>That irony
Nothing better than waking up and gloating at eth cucks
>>1315753
Literally euphoric
>smart contract
Most homosexualy named service ever. Enjoy that thin and long slavic penis up your rectum.
>>1307368
I sold all my DAO's and still have my Ethers but the BTC from my DAO are going to Waves this monday.
Thanks, Ethercucks. This will push the value of my Bitcoins through the roof :^)
anybody stupid enough to put their money in this deserves whatever happens to them
>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
>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
>>1307368
>"investing" in cryptoshit
>>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.
>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07
>$11.07
$11.07
just read this in the Trollbox. Shit is so funny
Poloniex Troll Box provided this link from the party responsible for exploiting the DAO code.
http://pastebin.com/CcGUBgDG
----
Is it legit?
>>1313248
How does it feel? HOW DOES IT FEEL!?!
>>1318415
Nobody in their right mind would try to claim responsibility like that when there's a manhunt going on.
>>1318476
What those obese IT cucks are going to do anyway? Throw cheetos and strapons at him?
>>1318506
Do you even realize how long that dust can stay on your skin? This isn't a game, Anon.
>>1318415
No, the signature doesn't match
>>1318511
Not a game but, rather, entertainment. Love keking at all the ethercucks out there
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.
This keeps getting better and better.
https://www.cryptocoinsnews.com/miners-to-be-offered-one-million-ether-claims-daos-alleged-attacker-in-ccn-interview/
WHAT IS THE BOTTOM???
>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.
>>1318830
>never bought eth
>never had a single regret
>completely unconcerned about missing out
>never going to buy
>mfw
>>1318830
Will it ever go up against once it goes super low?
>>1318880
Of course.
It's good technology.
Look at what happened to BitCoin after MtGox.
>>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.
>>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.
>>1318900
How isn't that a valid comparison? The DAO is not ETH but an application of ETH.
>>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.
So should i sell all my eth now? Or is it going to go back up?
>>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
>>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.
>>1318932
>So should i sell all my eth now?
Absolutely.
>>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.
>>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.
>>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.
testing new lows within the next 6 hours.might be extended a bit if i underestimated the amount of idiots misinterpreting the market.
>>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...
>>1318997
They have to pick by letting the fucking elected miners vote! It's a retarded idea.
>>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.
>>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.
>tfw no space for the blockchain data
>>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.
>>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.
>>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.
>>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.
>>1318997
It doesn't matter. The fact that the creator considered a rollback proves the project is in wrong hands. It's over.
>>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.
>>1319013
>Short this pig, literally free money.
Cool crystal ball
>>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.
>>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
>>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.
>>1319046
Worked fine for BTC.
https://bitcointalk.org/index.php?topic=702755.0
>>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
>>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.
>>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
>>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.
>>1319066
Yeah
BTC should do well through this, good choice. Just keep watching the yuan
Seems like it may have bottomed at 11.5
lol
>>1319075
Are the markets even functioning yet or are they still halting the trading of ETH?
>>1319079
My exchange never stopped. Buyers want to pull sub-$11 so idk if its really bottoming out
https://www.bitfinex.com/exchange/ethusd
>>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.
>>1319081
In the IRC logs, they admitted that they had stopped withdrawals, not trading.
>>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
>>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.
also ETH sub-$11.30
