Right now miners aren't processing blocks as fast, so they aren't getting as much eth. Therefore to compensate their electricity use, eth price needs to be higher.

If rewards are slashed and block times are shortened, imo the price will drop. There will be more inflation in terms of eth/second. More eth supply, no reason for total market cap to go up, price should drop.

Just a theory.

I can't decide what is more embarrassing for you- Drudge Report bookmarked, shopping at Express, or listeming to Coolio.

patiently waiting for your CIA psychoanalysis report.

How do you figure there will be more inflation if rewards are "slashed". Block times would go back to normal, but if you slash rewards by more then the amount you speed up the blocks, this would be less inflation.

I personally enjoy reading what Aggo has to say and get a lot of value out of his posts, even if I disagree with some aspects on occasion. Everyone here is not going to have the same opinions and ideas esp given it's a subject as controversial as cryptocurrency. At the end of the day, we all make our own decisions. It's best to get all the information/views/thoughts out there so someone can decide for themselves what to take and what to ignore and what/what not to invest in. Anyone who's blindly listening to the things said in this thread and taking them at face value has a good chance of being a fish in the crypto world.

I couldn't resist needling him yesterday but I too feel aggo's posts have value. It is always good to have different points of view. Could he be a little less bitter? Sure.

But ultimately Kazuya comes off very thin-skinned. If you can't handle contrarian views it makes me question your theses.

+1

Honestly I'm torn on who has more credibility. On the one hand you have Aggo with Drudge Report bookmarked as a huge red flag, on the other you have Kazuya who reacts like a child when anyone questions ETH, suggesting prop bets where the loser gets banned from the forum lol.

A lot of issues with ETH tonight. Couple exchanges having problems with deposits and withdrawals due to network overload. BTC-e just temporarily disabled ETH withdrawals because of this. I also have a **** ton of ETH in limbo because of this issue with exchanges also. This **** never seems to get easier.

Oh, It turns out I'm definitely too thin skinned for online posting. That's a truth I'll admit and I should just end the post right here but I'll use this quickly as my last off-topic ramble:

I played HSNL cash games for years and did quite well against my peers. For those who haven't played, the beauty of poker (more specifically, shorthanded poker) is if you thought one thing and your opponent thought the other, words would be typed by both parties into a chatbox and you could just play heads-up, throw thousands of dollars around on these beliefs and ultimately decide who was right. That immediate feedback system fed back to you about your ability to judge an edge (which in poker is most pure in heads-up format) is truly amazing and humbling at the same time and pretty much the only thing I miss about the game (unlike in cryptos which will take years to show). My strongest results was hu/shorthanded for this reason alone because frankly I'm good at seeing these things.

The best thing that experience instilled in me is always having direct accountability for your words/actions/beliefs. I'll never post in this thread, buy this, that sucks, etc, without the full weight of my conviction behind it. As uncool as it is to admit, it's genuinely bothersome to me that people can throw out opinions/thoughts with zero substance and not even have the conviction to back them up in any meaningful way (pride/$/or otherwise). Yes, this is an online forum and everyone is anonymous as well as Kazuya don't take this online **** serious, but personally I absolutely love the idea that if I'm wrong, I'm going to lose a ton of my own money (or the respect of my peers). That accountability sharpens and focuses me and makes me see things with clarity. Switch the word money with pride, principals, whatever, that's just how I always do things and wouldn't want it any other way. And on the times I get it wrong in the past, I'll always own it and use it as an opportunity to grow.

But life is not a game of poker and that mindset can come across as very combative and childish in an online forum. I'm very aware I'm in a minority of people who think in a framework like the above and I shouldn't come down on people as hard as I do online because that just makes me not only an ass but a bully (neither of which is true, at least in real life). If my posting has struck a chord like that to anyone, including even the few posters I've called out, I do apologize for that with sincerity because I definitely don't come across like that in real life so I have no excuse to do it online. In any future posts I make, I'll make an effort to not have that showcased through my words.

It's all good man. We're all just trying to make some smart investments in a technology what could be the foundation of society in a decade or two and could make us all really rich (lets be real if BTC/ETH actually get used, any profits anyone's made so far will be peanut butter money in comparison to the potential upside). It's great to have everyone's input, yours included. There's so much info spread out among all the noise/bs/reddit/twitter that it's great to have a thread like this to read every day, because let's be honest, 2p2 is sharp as hell for the most part.

Btw, on a side note, I'm just as bearish on ETH as Aggo/TC are, still I enjoy reading about why you (heltok, housenuts, etc) feel differently.

Aiiite, I'm going to put a very small investment into this as a crapshoot. They changed their ICO structure today to have 2 phases, probably because they realized everyone just put all their money into Status today. Phase 1 is going to have a 5 mil soft cap with 4 hour extension after that is hit, which is pretty investor friendly.

Their entire team is basically the former PKR team as you mentioned so hopefully this ends up doing better than how that did.

PKR spent all the customer funds before going bankrupt, plenty left out of pocket by that shower. They closed without paying players funds out.

Eth needs to scale. Same wit all blockchains, but eth more so than others. Eth is meant to be the backbone for a whole bunch of dapps but the network barely functions when there's a high demand ico.
If it doesn't scale exponentially the network will not be able to run a simple in demand dice game, let alone Golem, storj and every other dapp at the same time.

Kazuya dont stop posting.

As an aside note, I want to say that the VERY worst part of any online forum is the eventual discussion about personalities and who is ok and not ok, and blah blah blah. It literally happens in almost every thread. The reality is, we rather have a soap opera and talk about ourselves, and bicker, that talk about the subject.

The human ego is omnipresent.


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Wow, this is good to know. *** them then. Not participating anymore.

Look at that scaling! All with zero dapps at any significant scale on the platform! I'm not sure this World Computer would be strong enough to match a pocket calculator.

Tom,

A couple questions for you below. Your words are not highlighted, mine are bold.

I'd appreciate if you post sources if you wish to refuse any of the above (mostly because I don't care about your personal opinion so let's stay with facts).

Also, the ICO 'scaling' you seem so worried about with Ethereum. See here:

So it seems all the failed tx from ICO's will not be a problem once Metropolis comes (a big part of what has led to this 'blockchain bloat' you keep talking about) But hey, be very careful this source is from the guy you talked to 4 years ago briefly for 2 minutes and decided right then and there that this whole concept is a wash


And my only question for you Tom, but it's a scaling one:

On a scale of 1-10, how salty are you that you had the chance to be on the ground floor of Ethereum, having spoke with Vitalik late 2013 but instead suffered from cognitive dissonance and an entrenched belief system around a shy 19 year old computer programmers use of diction that thus shut the door on you potentially making millions? Now I'm not a psychologist, but I'm wondering aloud if this could possibly be a root source of this blind hatred you hold onto towards Ethereum and one of its creators.

Looks like someone just dumped a bunch of eth and destroyed gdax

RIP everyone who was trading on margin

dropped to like $13

apparently gdax dropped to .1 incredible

Woot my #592 post, doubled my position at $165 today. Hopefully the order goes through though, hah.

Curious if the order stays filled? When this stuff happened on Mt Gox back in the day they usually reversed the order.

Attacks like that, it's why no one should ever hold long margin where you could be liquidated into selling. It's just nuts the people who do this when this isn't the first time this has happened (it also won't be the last).

Whatever the outcome is to be, whatever works against me will most certainly be the way it plays out.

Good luck everyone!

Attack?

It should stay filled. Don't think this was an attack, just a large market-sell (or a fat-fingered sell order) cascading to margin calls.

There has to be a decent chance that a 9100eth market order followed by a 15k eth market order was someone getting hacked. Congrats to everyone who had really low bids in.