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09-17-2017 , 10:53 PM

#1151

onemoretimes

Pooh-Bah

Join Date: Sep 2012 Posts: 3,535

Quote:

Originally Posted by imjosh

I actually did buy back in, lmao. WHY IS IT GOING UP

Why the **** wouldn't it. It's very promising technology.

Quote

09-18-2017 , 12:04 PM

#1152

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Just catching up on the last couple of days here...

TY JOSH!

Quote

09-18-2017 , 03:29 PM

#1153

Pokerlogist

veteran

Join Date: Jul 2005 Posts: 3,302

FWIW starting sometime in the next two weeks Ethereum will begin the Metropolis upgrade which includes two planned hard forks. The first fork is called Byzantium. The second will come later is called Constantinople. The upgrade will take a few weeks. Ethereum will be a better product. It might get people to buy.

Quote

09-18-2017 , 10:08 PM

#1154

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Will the split end up like bitcoin and bitcoin cash? But I guess 3 new currency?

Quote

09-18-2017 , 11:20 PM

#1155

Velocity

Carpal \'Tunnel

Join Date: Dec 2005 Posts: 6,026

Quote:

Originally Posted by Go Get It

Will the split end up like bitcoin and bitcoin cash? But I guess 3 new currency?

Hard fork may not split the chains, just removes backwards compatibility. I would guess it stays as one, but I could be wrong.

Quote

09-18-2017 , 11:44 PM

#1156

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,688

Quote:

Originally Posted by Go Get It

Will the split end up like bitcoin and bitcoin cash? But I guess 3 new currency?

No. It's not a contentious hard fork. So the old chain will have no value and no one will use it.

Ethereum has hard forked 5 times I think. Only 1 of them was contentious, resulting in ETH and EthClassic.

Quote

09-19-2017 , 02:45 AM

#1157

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Quote:

Originally Posted by Go Get It

Will the split end up like bitcoin and bitcoin cash? But I guess 3 new currency?

As long as the split is not contentious, and the user base is small and alert enough to all upgrade, there will only be the new chain after a fork. The danger then lies in a bug being found later on, which could not simply be countered by downgrading to an older version. Then everybody would have to emergency hard fork, on very short notice.

Quote

09-19-2017 , 12:47 PM

#1158

Go Get It

Carpal \'Tunnel

Join Date: Feb 2010 Posts: 12,506

Ahhhh OK, TY for education on ETH forks.

I knew that ETH Classic was around, didn't know if we were gonna get like 2 new versions of that.

Quote

09-19-2017 , 12:59 PM

#1159

Howard Treesong

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 14,681

I read in this morning's WSJ that bitcoin (presumably mining) uses up .08 per cent of the world's electrical generating capacity. Holy ****.

Quote

09-19-2017 , 01:15 PM

#1160

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,688

Quote:

Originally Posted by Howard Treesong

I read in this morning's WSJ that bitcoin (presumably mining) uses up .08 per cent of the world's electrical generating capacity. Holy ****.

did it include the % for all mints, banks, atms, and armored security?

Quote

09-19-2017 , 01:30 PM

#1161

Howard Treesong

Carpal \'Tunnel

Join Date: Oct 2004 Posts: 14,681

Quote:

Originally Posted by housenuts

did it include the % for all mints, banks, atms, and armored security?

It did not. It did, however, seek to value the overall set of bitcoins via various heuristics. I don't know enough about the BTC universe to either agree or disagree with it. Most of the methods came up with a valuation less than the current bitcoin market cap.

I have long been of the view that fully anonymous cryptocoins pose a serious threat to government control of national economies, and I expect to see government crackdowns on such currencies in the not distant future.

I own a few hundred bucks worth of BTC for grins.

Quote

09-19-2017 , 02:55 PM

#1162

Mat Cauthon

adept

Join Date: Mar 2006 Posts: 1,147

Quote:

Originally Posted by Howard Treesong

Prices on cryptocurrencies have gone up quite a bit the last year. Most of that is speculation on future utility, and if that doesn't happen in the time frame that people invest, then the prices will probably fall. Government crackdowns, if they happen in relevant countries, would definitely affect the utility.

Quote

09-19-2017 , 08:30 PM

#1163

Duffman08

adept

Join Date: Nov 2008 Posts: 1,011

Quote:

Originally Posted by Howard Treesong

Yea they'll crackdown while buying heaps of it themselves!
Not to mention if the total market-cap of of crypto continues to rise you could see central banks stepping in and buying mounds and mounds of it.

Quote

09-19-2017 , 08:31 PM

#1164

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,688

Quote:

Originally Posted by Howard Treesong

I have long been of the view that fully anonymous cryptocoins pose a serious threat to government control of national economies, and I expect to see government crackdowns on such currencies in the not distant future.

I own a few hundred bucks worth of BTC for grins.

Should use the bitcoin thread, not ethereum.

Also, bitcoin and ethereum are not fully anonymous. Check out stuff like zcash and monero.

Quote

09-20-2017 , 10:06 AM

#1165

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

The 1D chart for ETH looks interesting. The MACD is very close to crossing over. The last time that happened was when ETH went from 160 to ~400. If price gets near 300 today that may signal the start of a big run up in price.

Last edited by beansroast01; 09-20-2017 at 10:12 AM.

Quote

09-20-2017 , 05:07 PM

#1166

iloveny161

old hand

Join Date: Feb 2007 Posts: 1,967

Quote:

Originally Posted by Howard Treesong

I read in this morning's WSJ that bitcoin (presumably mining) uses up .08 per cent of the world's electrical generating capacity. Holy ****.

Probably closer to 1/10 of that.

http://blog.zorinaq.com/bitcoin-elec...y-consumption/

Quote

09-21-2017 , 02:46 PM

#1167

Nonfiction

Carpal \'Tunnel

Join Date: Aug 2006 Posts: 12,498

Quote:

Originally Posted by imjosh

TA is hilarious

Quote

09-21-2017 , 10:27 PM

#1168

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

Lol. I hope the TA i'm reading about this weekend is wrong. If not, RIP

Quote

09-22-2017 , 06:49 AM

#1169

Westley

veteran

Join Date: Oct 2011 Posts: 2,465

Quote:

Originally Posted by imjosh

Lol. I hope the TA i'm reading about this weekend is wrong. If not, RIP

Hopefully you're as accurate as before!

Quote

09-22-2017 , 11:26 AM

#1170

Duffman08

adept

Join Date: Nov 2008 Posts: 1,011

Applying TA to Ethereum will drive you nuts.
If you believe in the technology, buy and don't watch the charts because they will shake you out before the big trends/moves.

Quote

09-22-2017 , 05:11 PM

#1171

onemoretimes

Pooh-Bah

Join Date: Sep 2012 Posts: 3,535

Quote:

Originally Posted by Duffman08

Applying TA to Ethereum will drive you nuts.
If you believe in the technology, buy and don't watch the charts because they will shake you out before the big trends/moves.

+1.

You can always spot a crypto newb when they come in talking TA. No matter how many times you tell them to just HODL, they still don't seem to hear. Think it takes a couple/few years in the markets to become a true hodler.

Quote

09-23-2017 , 04:08 AM

#1172

BABARtheELEPHANT

old hand

Join Date: Jan 2013 Posts: 1,920

HODL is the key indeed. Maybe take a very slightly leveraged long position when the whole cryptomarket is going banana but that's it.

Quote

09-23-2017 , 05:17 AM

#1173

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Hodl a coin whose roadmap is now 1+ year behind, and every ethereum 2.0 project is basically halted bc no one knows what Casper is even going to look like?

You guys ought to get out of Reddit and twitter. I don't know any programming but github has shown that a lot of eth 2.0 development has completely halted in recent months.

1 year ago this foundation seemed completely confident that Casper would be on time and ready. A lot of work was being done on 2.0 projects. Today a lot of that work is completely dormant.

Gl.

Last edited by aggo; 09-23-2017 at 05:22 AM.

Quote

09-23-2017 , 09:35 PM

#1174

omar coming

adept

Join Date: Jan 2008 Posts: 763

World changing technology doesn't invent itself overnight

Quote

09-24-2017 , 10:10 AM

#1175

onemoretimes

Pooh-Bah

Join Date: Sep 2012 Posts: 3,535

Quote:

Originally Posted by aggo

I was fairly confident everything would be behind. It always has been.

Being behind is a good reason to sell and forget about it?

Think about this, if ethereum is behind on getting things done with how many great developers they have working on it, how do you expect other things to overtake ethereum with little to no developers?

Essentially ethereum shows just how much work is really involved in getting something so unprecedented and innovative created.

You could probably look at anything similar in the history of time and it took longer then originally planned.

Quote

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