I think the main reason is due to bit finex being down. It's a majority of the volume for trades in dollars... will be a disaster again if the coins go missing.

Yes ETH can goto 0. However I also think this type of thing shows how many problems can go wrong when trying new things. Yes the DAO appears to be a massive failure. The question is, does that make ETH a failure?

The site is completely offline now. Before it was up and you just couldn't trade. Really no reason they shouldn't be allowing withdrawals.

Any speculation as to what's going on with blockchain?

Does anyone want usd paypal for btc or eth? Only withdraw method for Canadians is to withdraw in CAD and don't really want to pay exchange rate fees. PM me if you have any crypto to sell. Only have $300 USD right now. Will have ~$1500 after July 4.

Member here for 12 years and below are a ton of pools I've run on here if you're worried about any paypal transfer shenanigans

Citation/reasoning needed!

Ethereum has handled at least 27tps already, but no hard limit was hit and I personally think it could handle 100tps+.

Sidechains and LN sounds fine, but who knows, they might have more issues than TheDAO, which btw is being white-hat attacked right now. 70% of all TheDAO funds should be safely secured soon so that should limit the potential loss from the hack.

Betting against Bitcoin with ETH has had a 4000% gain so far. It is risky, but if you are heavily invested in Bitcoin already it might be a smart hedge.

What is this rhetorical junk.. "Does this make ETH a failure?" Solidity is broken. Surprise,.. it's a hard computer science problem.

Who is going to accomplish what ETH may be able to accomplish without some bumps along the way?

Hell, Teslas are catching fire, but Tesla hasn't failed.

Eth is fine and it will only be stronger after this. Sure it will still be a roller coaster

so these long confirmation times are kinda killing bitcoin right now eh?

I don't think so. As a user, sure sucks a little more, but as investor think it's going down due to less likely brexit, halvening priced in

IMO its just market manipulation.

2 weeks ago, I was sure that the manipulators wouldnt sell this down, because if you're a market maker or a miner, the narrative of the CNY devaluation & halvening was so strong that the worst thing you imagine from their perspective was to lose coins to other market makers. But that's what happens when people are thinking rationally and independently.

It honestly doesnt take much to move this market, and cause a margin call cascade on Okcoin that starts these -/+ 20 USD movements inside of 1hr windows. So I think they just charged up the market, and the chart shows that. The runup is just a bunch of 1hr candles where the market moved up 100 CNY, took a breather, and then ran up another 100 CNY.

We've already had too many 20k+ long contract liquidaions to even ****ing count anymore hte past 2 days. They completely shook out everyone in china, and now the question is if they want to gun for the 40m in longs on finex. Its harder to margin call finex because the margin is far lower. Breaking below 400 for any extended period of time would be unbelievably scary to me. it's a complete referendum of the entire bull run from summer 2015 to now, and would destroy another generation of traders, n00bs, and people looking at bitcoin.

If Finex flash crashes before the halvening, I would expect to see sub $100. 40m in longs, and the majroity of them are way way way ****ing underwater from $720-750 and then 680-->600 trying to catch the falling knife.

That's the scary part for me. Are the manipulators/colluders done selling this down in China? Or will they reload for round 2 and gun for those 40m in longs on finex. 2 weeks to find out, I guess.

I would lay very long odds bitcoin ever sees double digits again. The last time this happened was ~3 years ago summer of 2013. Bitcoin has come a long way since then.

check out bitstamps tradeview right now

did someone just sell coins for $1.50?

If your scared about a flash crash, why not just put in a big limit order at 100 or whatever. If everyone's on margin, it was essentially manipulated to the upside as well. Doesn't seem like much to cry about to me.

A lot of this stuff I've been reading sounds WAY too much like wall street. Everyone has some stupid reason for why it's going up or down. The dump because "Brexit" looks less likely? REALLY? These analysts are tying way too many real world issues.

I'd stick more to the fundamentals of bitcoin. Pretty simple. Halving was nearing, people wanted to try and make money so money flooded in and drove price up. Eventually this turns into people selling.

I'm not scared if a flash crash, read what I wrote carefully.

Breaking 400 for an extended period would scare me because it would call into question whether or not we are in a bull market for bitcoin, and we could see another 6month consolidation period.

The majority of these longs on finex are under water. Depending on their lending rate these ppl are paying out their ass, and I'm worried that if those Chinese manipulator a decide to gun for the longs on finex to execute a complete and final capitulation that they have enough firepower to do so. But I think that's unlikely because it would impact their ability to accumulate a large position in a bull market. People would question the entire rise from summer 2015 and we would see a lot of sideways action.

Manipulation in Bitcoin is at least 10x to execute than on "wallstreet". And anyone who believes that Bitcoin rises and falls because of cny devalue or fundamentals or halvening or brexit is too naive and going to get rekt

Bitcoin moves because Chinese overlords allow it.

Manipulating or not, it got me to buy more bitcoins so thanks China!

If something can be done to temporarily scare bitcoin it will be done. In the old days (3 years ago), they would try to overload the mining pool websites and exchanges. The price of bitcoin would fall causing a panic sell. Then all of a sudden the DOS attack would end and they would profit from the rebound.

short-term volatility can drive you crazy. here's a 1/2 year smoothed average

Ethereum is solving an even bigger problem - it must have *every* user validate the entire state of everything that executes. This means that validating is much more complex, since you are actually *executing* the programs. For example, if you were trying to set a variable to P/Q, you'd have to calculate that and it would be slow. But if you just needed to verify that P/Q = M, you could multiply M*Q and confirm it's P very quickly. You are asking all computers to compute P/Q rather than just verify an answer in ethereum.

Their chain is growing incredibly fast, and it's only a matter of time before no one is able to catch up when synching from scratch. That's why the move is to partner with data centers and other centralized servers to do the "computation". After that, you are just trusting them, which is useless compared to a centralized server.

Sidechains and LN have nothing to do with The DAO, and the fundamental problem in Ethereum is the complexity of its language (funny - something I brought up to Vitalik 3 years ago and he brushed off). The white-hat attack is being counter attacked, and they are screwed, they'll roll it back. BTW, there is no *hack*. Hack implies unauthorized access. There is no such thing as unauthorized access in a smart contract. This was a legitimate user taking funds he was entitled to.

If I want to hedge against Bitcoin with fiat, I'll stick to the dollar, not Vitalikoin.

Tom, fwiw, I planned to invest in ethereum at the crowdsale but didn't because of some of your posts. I would've likely done 2 btc (~$1,200). It would be nice to have 4,000 eth right now (~$56,000)

when it comes to investing, it's pretty bad to think of what if scenarios. The best you can do is think of the whys you didn't invest and what you to look for the next time an opportunity comes up.

If makes you feel better, you can tell yourself you'd have invested all of it in theDAO.

Light client will be out this week:
https://www.reddit.com/r/ethtrader/c...ter_this_week/

Syncing is pretty fast if you use "geth --fast" or you could try Parity:
https://ethcore.io/parity.html

I disagree, Bitcoin doesn't seem to be useless.

Are you referring to big O complexity? If so please provide citation or example.

The hacker hasn't taken them yet. As for who is entitled to what, I think that will be up to the miners and users to decide.

Ethereum is not fiat.

THIS

Light client just means you trust others. If you want a trusted model, there are cheaper centralized ansers.

Yes, if you trust, it''s fast.

Bitcoin does not require hosted servers to validate you.

No. I'm talking P vs. NP. Ethereum requires Turing complete execution to validate. Bitcoin requires simply verificiation of scripts, and pushes calculation to those wishing to prove spends.

Sounds like a ****ty system if a smart contract can be overruled by miners.

It''s worse than fiat, at least with fiat, you don't have your fate decided by a cocky 19 year old in over his head and with a huge conflict of interest.