Found some pics on reddit

Seems to have bounced back to $300 ish. This is mental lol

Over 4K ETH sold at $2 and under

https://stocktwits.com/jdemasie/message/86641301

So coinbase is down and wtf is going on with ETH today?

https://api.gdax.com/products/eth-us...?after=6326600

2,534 at ten cents in here, the lucky bastard

edit: I now see in your linked pic it's an even bigger 10c fill!

Are the two sides to this argument boiled down to:

BTC side: ETH scales poorly because too much is done on the base layer. June 16th had no ICO clogs, and the ICO clogs are indicative of the tip of the iceberg when it comes to scaling issues as the promise of ETH is to allow ICOs + Web 3.0 dApps + future ideas and the base layer is congested from phase 1. BTC keeps it simple and builds a secure dull base layer and then plans to create modules for future developments layered on it.

ETH side: ETH performs better when tested transaction vs transaction, as in the 4.4x number stated above, and this ICO mess is just some growing pains and future development roll-outs of Metropolis et. al. as well as a switch to PoS/Sharding will make things bananas. BTC was a great first use case but look at everything coming down the road from ETH. BTC

Am I missing any portions to either viewpoint? I have seen the same debate in a few spots and am trying to figure out how two people who are looking at an engineering problem and getting two different conclusions with regards to who scales better.

Subd

The question about this GDAX thing for me is did all the orders get filled correctly. Not at all a fan of rolling back an order book but its a big problem if you had an order in at $50 that did not get filled because software

If you're going to say we never roll back orders the system needs to be 100% robust to the integrity of the orderbook

Crazy that GDAX would have enough time to do forced redemption for margin calls during that short period. Although I guess it's all automated...

hi, your analysis is not correct, but keep reading about crypto.

----


1. there is theoretical max tps and actual tps.

on bitcoin iirc the # is about 3.5 tps rn. But the network handles 3.2

2. Ethereum yesterday processed about 300k txns with about a 10k overhang of txns the entire day, which carried over for today.

300k/(24*60*60) = 3.5tps


So for everyone in this thread that kept screaming about "ethereum scales better" or "ethereum has higher throughput" please reference me actual txn mixes where the network actually reach "15tps".

Don't trade on margin. It's absolutely mental.

bear case for ethereum:
most of the new money has been sold on one of two ideas:

1) ethereum is bitcoin 2.0 and if you miss out you're ****ed

2) mad gainz.

1) the flippening is a big promise that depends a lot on whether or not bitcoin will solve its scaling issues. it seems that the majority of bitcoin miners are signalling segwit and outlook of block size increase looks good.

ethereum's own scaling issues are evident with insane network congestion during ICOs and these will not be resolved for quite some time because serenity is still a long ways away. additionally, there is a new proposal to delay the difficulty time bomb which pushes proof of stake even further away.


2) it was $8 at the beginning of the year and anyone who got in along the way is not used to anything except mad gainz. in the even of a prolonged downturn the new money will **** their pants, get disillusioned and sell; even newer money will be apprehensive of normal gainz and decide not to speculate. it already went up quite a bit and most of the stupid money has already given its push all the way to 400s, and it looks like the wind in their sails is gone.

Yo just a heads up for anyone with ETH on Coinbase, like me

This is literally the same message FTP put out before and during black friday... If you have anything on there get it the **** off now.

https://status.coinbase.com/incidents/wvhcfrftmdlx


Also I got BTC off of there today to electrum, anyone recommend an electrum for ETH?

Do you realize scales better means when it comes time to scale, ETH does it better. The devs knew this was an issue, why do you think they are working on sharding?

Scales better doesn't mean it handles boat loads more transaction right now. ***** aggo never ceases to amaze me.

Bittrex login is taking me to Google Privacy and Terms when I hit enter on the Login button.
Clicking it doesn't work.
I don't believe I was phished, is anyone else having issues?

I just logged in from my laptop just fine....

I attempted to send some ETH from coinbase to bittrex
Then I read this message on Bittrex:

Please use a small amount for your first deposit to verify everything is working as expected before sending larger amounts. Your deposit address must hold more than 0.1 ETH before we will credit your account.

My previous ETH balance on Bittrex was 0.0, I now have .12xxxx after I did a trade. Is the Bittrex the depositing wallet or is Coinbase in this instance? Will this eventually go through? I don't see it pending on Bittrex and nothing is showing up on the ETH Block Explorer.

https://blog.gdax.com/eth-usd-tradin...e-5d8142b5bdc1

muh attack
muh hacks



some whale market sold eth down to 224$, which caused a lot of people on margin with stop loss orders to execute, which caused price to go down further and liquidate some people down to 0.10c

from reddit

400 ETH on Exchange.
2.3 coins borrowed at $340
400 ETH liquidated at $2 to pay back margin

ouch

can someone bring a newb to speed and tell me how ETH, seemingly, went from $300 to $2 back to $300 or beyond in a matter of, hours?

whale sold a gigantic amount of eth all at once, triggered all sorts of stops and margin calls etc and some lucky fker bought 7200 eth at 10c. probably took only a minute

read this: https://blog.gdax.com/eth-usd-tradin...e-5d8142b5bdc1

What if the whale and the lucky fker were the same person?

Then he would have sold his coins to himself

Verstuurd vanaf mijn SM-G920F met Tapatalk

not quite. the whale's sell order only moved ETH down to $230ish. the rest of the sells were the stop orders and margin calls.

you could make the argument that the following heist is possible:

1) insider knows where all the stops are
2) insider tells friend with $3MM worth of ether that has GDAX access
3) whale sells the $3MM, has bids everywhere down the book (hypothetically say he has 80% of the bids at $100 and below, including all the 0.10 bids)
4) whales bids all get filled and turns $300k into $15MM (this is a total guess, could be way wrong on the math)

there is no reason not to suspect something like this on an unregulated offshore exchange