It would and it wouldn't. It would crush ETC price but it would hurt all the people who have sincerely believe in ETC. Some of them are very earnest. But even if she doesn't sell, it will be a tough technical overhang over the trading of ETC and make it difficult for it to rise -- she will sell into any rise.. And the worst part is that people won't really ever know if she has sold or not. It's not like she will make an announcement.
Thought it was 22 days. 3 million is not nothing -- that 100 million counts the same ETC traded back and forth. 3 million sold in one direction would crush the price.
I hope you didn't sell your ETC 15 hours ago after you made your post. :p Nothing wrong with ETC by the way I have bought a few myself yesterday because I support immutability and am against bail outs. :)
The difference between a bailout and what actually happened with the hf is that with a bailout you take money from the people and bail out a company. In this case the money was taken from the attacker and given back to the people. Not really a bailout at all if you actually have an educated perspective of the situation.
I sold 10000etc at .00399999btc vs. the 33 cents that they were bought for..., so im not exactly upset about the hf giving me extra etc to cash in on, lol.
Doing their best in an uneducated fashion, with a system that is destined to fail. There is nowhere for etc to go. All of the developers and future projects will be continuing on the hf eth, so investing in etc(or buying any at all) is, more or less, irresponsible management of finances.
Granted, you can make a good bit of cash of the ups and downs going on right now. But at somepoint, etc will die and be worth nothing. It's just kind of interesting that the buy volume is so high in a useless crypto.
Just hope that you get out before it crashes to 0 if you're trying to hold out for top.
Well, I know you are wrong in your opinions, lol
(at the least eth is worth ~10x as much as etc, and I made $20k today off etc, but if I had sold the same amount of eth would be closer to $80000, sop there is a little difference there). I think that makes a very large difference. As vitalik has stated that all the founding developers focus will be on eth, and NOT etc, ETC is sure to fail at somepoint. The fact that people have been tricked into having false hope in a system that is sure to fail is a very large problem.
Not for me, because I am making money off you, but the fact that etc is messing with eth value based on idiots helping that dao attacker cash out on his stolen eth is pretty silly imo.
I am already up about 20k for nothing as far as eth vs etc is concerned. I just feel bad for the people thinking this is actually a solid investment.
@ktmgen "As vitalik has stated that all the founding developers focus will be on eth, and NOT etc"
Not true.
"P.S. it’s nice to see that the guys behind https://ethereumclassic.github.io/ stand behind keeping the old chain alive, but let’s make it clear that we (the Ethereum developers) have never abandoned it. We never forked the chain. We have implemented a switch in our client to give users a choice to fork if they want to and that’s all."
I think your wrong on that one. There is no difference between the two. Any contract you run on one can be ran on the other. If the attacker starts rewarding miners then it is game over.
Well, i have to say that i would never expect @eeks to write an article like that haha :)
Getting back to topic,i was doing some trading with ETC and i have to say this looks strange.
350% in few hours basically.
I'm pretty sure that hackers own a lot of this coin, and if we will see dumping they may step in too. And basically make etc worth very little.
Im staying away, but if you want to risk then ETC is great :D
Int the offical Ethereum classic it is written "If we want to continue to move forward and guarantee survival of the original Ethereum vision, we must fork Ethereum." This mean they need to procced with fork. ETC is nothing more fast prepared scam. Yes many exchangers are going to support it because everyone wants your money. As I see Kraken is not supported this scam yet and have no intense to do it. Enter early and leave fast if you want profit. Real World Computer is ETH. Have a nice day and trade friends!
I'm pro hack (all hacks) and pro fork ( all forks) until a network can't be hacked or forked any longer. The code will allow what the code will allow until it's impossible for the code to allow it. Seriously, this all seems like something we all should have leaned about in an episode of Futurama.
Most likely the etc will be mixed and pushed out in the pump and dumps over the next week(s). Depends on how long it takes to get it all out while still staying low key.
It is destined to fail, all of the developers have stated they will be working on the eth fork, not etc. So anyone investing in etc, is essentially investing in a useless crypto that no one has noticed is useless yet.
ETC has the battle to face that it is useless, and will continue to be useless. As the founding developers of eth has stated openly that they will focus on eth and NOT etc, the best etc can do is ride on the coattails of eth by copying developmental advancements directly from the eth code. And, as most developers have stated they will support eth and NOT etc, the effort is null.
ETC will fail, 100% at somepoint. There is literally no use that will ever put it into practice. ETH still has hope, but is way overvalued in the sense that right now it is worth a lot for being completely useless.
Hey man, Just curious, why do you keep referring to the Dao attacker as a girl? Is there more information out? I'd love to read more about it, as I have been deeply fascinated with this subject but can't find anything more than the Original Hao Hacker letter and the stuff from MP. Thanks! :)
Girls are hackers too. So I could use: he, she, or a gender neutral pronoun. I've opted for she. If she IS a woman, the story becomes even better. And probably brings more women into crypto and coding alike.
its a group of pepole who attaced the dao not only one person , they say its a girle to get more curiosity to the subject , im just afraid if pepole are going to do that in this platforme so they get rewarded for over adding informations .
It would be awesome to see this guy dumping every damned ETC.
It would and it wouldn't. It would crush ETC price but it would hurt all the people who have sincerely believe in ETC. Some of them are very earnest. But even if she doesn't sell, it will be a tough technical overhang over the trading of ETC and make it difficult for it to rise -- she will sell into any rise.. And the worst part is that people won't really ever know if she has sold or not. It's not like she will make an announcement.
The DAO hacker(s) likely wants to see Ethereum in any form fall into decay.
I think it's more likely he(or she) wants to make as much money as they can off of this.
First, a $2million short right before crash....that's pretty decent money.
Now, the ability to pump and dump etc until he(or she) has all the the value they can get out if it.
Today was traded 100 milion ETC so 3 millions is nothing.
HE made new DAO child so 30 next days he cant touch them.
Thought it was 22 days. 3 million is not nothing -- that 100 million counts the same ETC traded back and forth. 3 million sold in one direction would crush the price.
Can you possibly describe more accurately what you are talking about?
I wish I had heard this news before I bought a bunch on a whim today
That was probably a bad decision. unless you bought when it was at .0006 vs now at .0028
I hope you didn't sell your ETC 15 hours ago after you made your post. :p Nothing wrong with ETC by the way I have bought a few myself yesterday because I support immutability and am against bail outs. :)
The difference between a bailout and what actually happened with the hf is that with a bailout you take money from the people and bail out a company. In this case the money was taken from the attacker and given back to the people. Not really a bailout at all if you actually have an educated perspective of the situation.
I sold 10000etc at .00399999btc vs. the 33 cents that they were bought for..., so im not exactly upset about the hf giving me extra etc to cash in on, lol.
ETC are suckers!!!!!
They are doing their best. I have compassion for that.
Doing their best in an uneducated fashion, with a system that is destined to fail. There is nowhere for etc to go. All of the developers and future projects will be continuing on the hf eth, so investing in etc(or buying any at all) is, more or less, irresponsible management of finances.
Granted, you can make a good bit of cash of the ups and downs going on right now. But at somepoint, etc will die and be worth nothing. It's just kind of interesting that the buy volume is so high in a useless crypto.
Just hope that you get out before it crashes to 0 if you're trying to hold out for top.
Well, I know you are wrong in your opinions, lol
(at the least eth is worth ~10x as much as etc, and I made $20k today off etc, but if I had sold the same amount of eth would be closer to $80000, sop there is a little difference there). I think that makes a very large difference. As vitalik has stated that all the founding developers focus will be on eth, and NOT etc, ETC is sure to fail at somepoint. The fact that people have been tricked into having false hope in a system that is sure to fail is a very large problem.
Not for me, because I am making money off you, but the fact that etc is messing with eth value based on idiots helping that dao attacker cash out on his stolen eth is pretty silly imo.
I am already up about 20k for nothing as far as eth vs etc is concerned. I just feel bad for the people thinking this is actually a solid investment.
@ktmgen "As vitalik has stated that all the founding developers focus will be on eth, and NOT etc"
Not true.
"P.S. it’s nice to see that the guys behind https://ethereumclassic.github.io/ stand behind keeping the old chain alive, but let’s make it clear that we (the Ethereum developers) have never abandoned it. We never forked the chain. We have implemented a switch in our client to give users a choice to fork if they want to and that’s all."
https://medium.com/@zsfelfoldi/a-tale-of-two-chains-3f6d58a9df4a#.me6ocgc05
I think your wrong on that one. There is no difference between the two. Any contract you run on one can be ran on the other. If the attacker starts rewarding miners then it is game over.
Here you go @sandwich , Vitalik on where the focus will be. If you had read down a few more posts you would have found it yourself.
https://blog.ethereum.org/2016/07/26/onward_from_the_hard_fork/
Well, i have to say that i would never expect @eeks to write an article like that haha :)
Getting back to topic,i was doing some trading with ETC and i have to say this looks strange.
350% in few hours basically.
I'm pretty sure that hackers own a lot of this coin, and if we will see dumping they may step in too. And basically make etc worth very little.
Im staying away, but if you want to risk then ETC is great :D
Kraken and Poloniex seem to have a degree of belief in ETC
https://steemit.com/crypto-news/@condra/kraken-announces-support-for-ethereum-classic-etc
It's funny because 16 hours ago kraken stated they wouldnt be supporting etc...
I guess a 300% gain is too much for anyone to ignore...
The only thing they believe in is more fees. This gives them more opportunities to collect fees. They are not long ETH or ETC. They are middlemen.
Int the offical Ethereum classic it is written "If we want to continue to move forward and guarantee survival of the original Ethereum vision, we must fork Ethereum." This mean they need to procced with fork. ETC is nothing more fast prepared scam. Yes many exchangers are going to support it because everyone wants your money. As I see Kraken is not supported this scam yet and have no intense to do it. Enter early and leave fast if you want profit. Real World Computer is ETH. Have a nice day and trade friends!
Kraken is working on supporting it.
No one looks at a 300% gain in 24 hours and doesn't want to get in on it. It's a huge part of the problem.
https://steemit.com/steemit/@minion/youtube-vs-steemit-enemies-or-siblings
[IMPORTANT] This post covers the Similarity between YouTube and Steemit as well on How to use Steemit and It's OFFICIAL CONTENT RULES.
im not rly sure whats stoping him, he surely will use it to his advantage
I'm pro hack (all hacks) and pro fork ( all forks) until a network can't be hacked or forked any longer. The code will allow what the code will allow until it's impossible for the code to allow it. Seriously, this all seems like something we all should have leaned about in an episode of Futurama.
You're just pro-pro. ;)
Pro-dat!
Pro-Hemian rhapsody
Well played and so purely absurd.
Now it would be interesting to see how and when the attacker chooses to cash out since it would be quite complicated. https://steemit.com/crypto-news/@juicyg/ethereum-classic-is-currently-worth-less-than-the-value-of-the-eth-tokens-taken-by-the-dao-attacker
Most likely the etc will be mixed and pushed out in the pump and dumps over the next week(s). Depends on how long it takes to get it all out while still staying low key.
The attacker is probably trying to get out of ETC before Chandler Guo's 51% attack.
That was a bad idea and I believe he abandoned it. ETC has an uphill economic battle to continue to exist. We'll see.
I outline the challenges ETC faces in this comment.
There's a lot of good discussion/analysis right now of the short term for ETC.
In the long term, what do you think about the ETC hard fork as remedy for replay attacks issue I discussed at the end of this post: https://steemit.com/ethereum/@jack1/if-the-dao-attacker-shorts-eth-buys-etc-and-then-refunds-the-dao-hack-victims-on-the-etc-chain
It is destined to fail, all of the developers have stated they will be working on the eth fork, not etc. So anyone investing in etc, is essentially investing in a useless crypto that no one has noticed is useless yet.
ETC has the battle to face that it is useless, and will continue to be useless. As the founding developers of eth has stated openly that they will focus on eth and NOT etc, the best etc can do is ride on the coattails of eth by copying developmental advancements directly from the eth code. And, as most developers have stated they will support eth and NOT etc, the effort is null.
ETC will fail, 100% at somepoint. There is literally no use that will ever put it into practice. ETH still has hope, but is way overvalued in the sense that right now it is worth a lot for being completely useless.
Hey man, Just curious, why do you keep referring to the Dao attacker as a girl? Is there more information out? I'd love to read more about it, as I have been deeply fascinated with this subject but can't find anything more than the Original Hao Hacker letter and the stuff from MP. Thanks! :)
Girls are hackers too. So I could use: he, she, or a gender neutral pronoun. I've opted for she. If she IS a woman, the story becomes even better. And probably brings more women into crypto and coding alike.
Win-Win. ;)
Got cha, I was just curious if you had any new info that's all, it was news to me :) Thanks!
I loved your point. Now that I think of it, she tends to be a gal :P
Because the poster is a woman(I'm assuming) and why not take credit if no one knows, lol.
its a group of pepole who attaced the dao not only one person , they say its a girle to get more curiosity to the subject , im just afraid if pepole are going to do that in this platforme so they get rewarded for over adding informations .
We actually don't know anything yet. But a "she" is a possibility.
How do you know that?
Let it drain on me .
The attacker can now safely liquidate his holdings using Shapeshift without revealing his identity https://steemit.com/crypto-news/@juicyg/shapeshift-adds-etc
Shapeshift is not as anonymous as people think. She will have to be smart about it.
Bitcoin has a male inventor - DAO has an female hacker :D Awsome.
You must be sexist ;)