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!
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