someone just said bittrex just closed their ETH market until the fork happens. Looks like Poloniex will be getting all the action for the next few hours. Could get interesting

The fork went smoothly, people have gotten their tokens and +10% today. Imo the entire Ethereum community handled this amazingly. Bitcoin still havn't gotten their **** together with almost no actual progress towards more transaction during the last year. Makes me very bull towards Ethereum over the coming year.

yesterday was a pretty fun day to trade ETH on polo

Coinbase adds Ethereum:

https://blog.coinbase.com/2016/07/21...-for-ethereum/

Anyone trading ETC? Seems like there could be some free 6% there...

this is absolutely nuts...

anyone who had ETH preHF and spent it postHF now has a nice ETC rebate and is dumping on polo. The ETH I traded postHF, I now have that balance in ETC. Buying ETC right now is a money trap imo

Apparently bit finex is suppose to credit people with ETC soon also. From my understanding you get 1 ETC for every ETH you had? Seems crazy. Hell, why doesn't bit finex just not implement it and keep all the ETC for themselves? I left town for a couple days and have no clue what's going on.

interesting discussion on eth/etc:
https://www.reddit.com/r/ethereum/co..._be_inevitable

I like ETC a lot as a lotto ticket. Bought a sizeable amount.

This ETH/ETC is confusing the hell out of me. How do I get my ETC if I had say 100 ETH just sitting in a wallet, or on another exchange.

im not sure but try moving it to an exchange and it might duplicate automatically for you

ETC going straight bonkers at the moment. Should be a crash at some point, kinda entertaining to watch especially w/ poloniex chat. Feels like I'm watching some twitch streamer play blackjack.

Gonna be kind of pissed if I don't get my ETC from finex because it was loaned out. That's how Polo did it anyway. I can see how it's possible, just seems like straight robbery that someone could load up ETH on margin just before the hardfork and then sell immediately after the hardfork and then have the rights to all the ETC.

amazing.

Dont sell your ETC if you have pre HF ETH.

just dont ****ing do it.


I dont believe that both chains will continue to persist with a 1:10 relative value. it will expand to 100+ once the market decides. Dont chase the 10%, imo people who believe that ETC will reach parity dont understand the big picture here. Either ETC goes to the moon and ETH to 0 or vice versa, it's a zero sum game here IMO.

finex will give you your etc. trading will start soon-ish apparent;y

pay attention to the hash rate of etc vs eth. that is what will decide everything at the end. Its going to be a gigantic cascade where ETH will lose 95% of value in hours once a tipping point is reached, or ETC will slowly be bled out (e.g. weeks/months) until it reaches dogecoin status.

I don't understand why finex will give it to me, but Polo didn't give any to anybody who had ETH loaned out on their site. If I do get the ETC, I will plan on holding it. If I don't get it, I basically just got inflated against by 100%. This really has just turned into a big **** show. Poloniex saw an opportunity to make some money by adding ETC so they went for it, I don't blame them. Makes me understand why people were so opposed the the fork in the first place.

As far as the hashrate goes, it's really just a money game. ETC started to pump so it was more profitable for miners to switch over. The miners at this point don't give 2 ****s about what they are supporting, they just want to be paid.

The crypto game gets a lot better risk reward with smaller market caps and that's exactly what happened with ETC. Losing some faith in ETH considering it looks like Vitalik is compounding mistakes. If he can't get this **** straight how is he suppsoe to get proof of stake up and running properly.

ok here is their response. it makes sense to me

https://poloniex.com/press-releases/...etc-questions/

basically if you had it out on lend, you arent entitled to ETC. Presumably, no one is entitled to the corresponding ETC.

I have to assume that finex will follow the same rules.

However, if you had ETH on deposit sitting in a trading wallet or exchange wallet, you are entitled to ETC.

My conjecture, listening to PGP of finex, is that the exchanges were unbelievably pissed at the ethereum foundation from the night of the dao attack all the way to the hardfork- and lack of guidance throughout the entire process.

Polo listed ETC because it had value, and the chain was still persisting post- hf. As it turns out, it was a fantastic and unbelievably smart business decision on their part.

Well my deposit wallet said I had X ETH, but the deposit wallet is what you lend out and they were lent. How is this much different then say if you loaned out shares of a stock that paid a dividend the next day? The person that loaned the stock still gets the dividend ffs.

I'm guessing Polo themselves went in and loaded up on margin paying ridiculous interest rates, because they knew they would **** everyone and start an ETC chain and keep it for themselves. This statement is pretty laughable by them. You can tell people who had ETH on loan had written in that are super pissed..:

Why didn’t you make an earlier statement about who would be getting an ETC credit in their balance, or pre-announce that you were listing ETC?
We did not elaborate on who would receive the ETC credit because based on the principles delineated above, the answer was obvious to us: balances of ETC correspond to balances of ETH.

So ETC hash rate starts to win out, then what happens? Everyone including developers simply abandon ETH?

I think if this happened, it would actually kind of even themselves out and they would become about the same value. If ETH hashrate and price tanked like you say.. people would start buying it up because of the small cap effect thus driving price back up and bringing the miners back. So it would kind of seesaw until it meets in the middle.

Today Kraken posted the ETC that was attached to my ETH. I will probably liquidate both positions for US dollars and sit on the sidelines until this situation stabilizes. There's a little too much dissension in the Ethereum community for me right now.

Looks like the ETC hype is over so not as much to worry about imo.

Im not sure, but I would guess the insiders wanted to sell of their ETH knowing it was going to disrupt the market while the price was high.

I went in pre HF and sold at .022 but came back in at .0206 the night before the ETC market opened. Woke up to a **** storm, but getting in on the ETC train at .0012 saved me

How sick was that FOMO tho? Happened so fast. Something I'll never forget. Some people made millions in the blink of an eye. The day before, everyone was pumping "ETC is a scam" and alot of people sold. A day later after a couple tweets and reddit posts from former devs, and the crowd goes absolutely nuts