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Right now ether is getting shilled to the...
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You are currently reading a thread in /biz/ - Business & Finance

Thread replies: 124
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Right now ether is getting shilled to the fucking moon on the interweb. please DON'T fall for it, you are making some russian nerds rich, who are going to virtually throat fuck you. Keep this thread alive so everyone won't maybe fall for this ether~shit.
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>>1061083
Stay poor and mad. The price will go up for a straight month before you'll see a week where it doesn't rise.

This thread you made is the contrarian indicator that lets smart people know this shit is headed to the moon.
>>
What is ethereum
http://youtu.be/j23HnORQXvs
Ethereum on BBC technology
http://youtu.be/aGYmNidVLWY
Ethereum explained in 100 seconds
http://youtu.be/eRDKP8nCVtU
>>
/biz/ hates Ethereum because it's extremely complicated, and there's nothing that compares to it in finance or undergraduate economics. This triggers /biz/'s classical insecurities about their education, wall street quants, technical trading, silicon valley, and HFT all at once, and in general makes them feel stupid

Every post about ethereum on this forum is either shilling or insecurity at this point
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>>1061093
You summed it up better than I ever could
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>>1061083
I am American and I am getting rich off this too.

How about that.

$1000 --> $2000 in less than a week.

You are just mad because you were too technologically inept to work out how to buy in while it was cheap.
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>>1061093
Couldntve said it better.
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>>1061104
I hope you didnt sell your coins. if you did you're going to be as mad as OP when you see where this ends up
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>>1061083
Theres nothing you can do OP.

Suckers are born every minute and not even educating them will help them
>>
Just as predicted by forbes in 2014

Damn those jews are smart!

http://www.forbes.com/sites/anthonykosner/2014/12/31/tech-2015-block-chain-will-break-free-from-bitcoin-to-power-distributed-apps/#735cb3832e43
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>>1061083
My problem with Ethereum is what stops bugs in the code causing massive real world problems.

And with no roll back features what's there to fix these kinds of messups that will no doubt happen when you let ANYONE program ANY contract.

What are you going to beta test the contract code you write on?

How will this even work>
>>
>>1061118
Thats going to be the fun part. anyone will be able to do anything. Weird right?
>>
>mfw this entire board was made to get memecoins off the other boards
>mfw this board is in the same tier as /vp/ and /mlp/
>mfw no reaction images on phone
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>>1061126
Maybe you should roll up your copy of the financial times put your bowler hat back on and fuck off back to the 70's
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Top Kek
i am watting for the moment to shortsell this fraud. enjoy losing your money losers
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>>1061122
Well it adds freedom.

But I can see it, I want to pay for my bus tickets with a contract I program.

Oh shit, I bought the wrong bus ticket, now the company is dodgy and won't terminate the code.

Money is forever seeping out of my account.
Because of a coding error. There's no rollbacks.

Do I trust the bus company to write the code up?

What If I run a buisness and want to sell something? A major video game release? Woops there's a loophole in the code that no one thought of. My release flopped I just lost billions over a coding error? There's no rollbacks, no regulatory authority that I can plead to, to make it all right?


How will this actually function in the real world where we can't beta test contracts for 6 months before implementing it to buy a pizza.
>>
Pump & Dump
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>>1061142
Well, it's not even in Beta now, that's planned to be the next implementation. But I think the only way to be sure the contracts are kosher would be to read them first.

>>1061093
It's irritating. I just want to understand and be involved with the tech because I think it's cool, and here I am being stressed out about the price of tokens.
>>
http://www.ibtimes.co.uk/barclays-selects-smart-contract-templates-internal-team-join-its-accelerator-programme-1540123

""We are currently focusing on only the very top of the architecture stack where legal prose is connected to business logic and we are effectively agnostic of the various underlying smart contract and distributed ledger technologies. There are quite a few different underlying technologies, such as Ethereum, that consortia and institutions are currently experimenting with and evaluating."

To the moon.
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>>1061083
>russian nerds who are going to throat fuck you
that's my fetish!
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>>1061573
^Vitalik is a big guy, isn't he. kek.
>>
Every time ETH goes up by one dollar I make $1000.

I think I'll be eating a nice restaurant pretty soon.
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>>1061613
Are u king kong m8
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>>1061613
>eating a nice restaurant
>>
>bought a bunch of ETH last night
>so far I've lost like 15% of my money
fuck you /biz/
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>>1061644
I did too. I hate this board. I also bought ASTI like a retard because of /biz/. You guys clearly have no idea wtf you are talking about.
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>>1061644
>>1061644
do what you like, but this is heading to the moon. Keep your ether. Ive always made it clear this is a six month+ play.


Ppl who got filthy rich off btc kept hold of it for many years
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>>1061644
keep holding it, it'll be back to a dollar by the end of the week
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>>1061083
I agree with you its getting pumped hard and it's not smart to invest right now, but overall ethereum is a neat concept with lots of potential. I was so close to investing serious cash into it 3 months ago, but after this dump i will invest, and others should to imo.
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>>1061668
$2.50 is a hard resistance. Now is the time to get in if you haven't already.
>>
is it a good idea to pump 1000$ into ETH now?
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>Try to mine with my 660 Ti
>Miner won't detect OpenCL
>I have cuda installed

Well, i guess i'll wait for bitcoin classic.
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>>1061672
I rather lose out on potential gains, than lose money. So no, I wont buy in now. the pump is almost over now.
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>>1061674
Depends how much you have to play with.

$500 at least right now is a good idea.
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>>1061677
The software in question is not even released and finished yet. Why would anyone sell now?

6 months of straight gains to look forward to.
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>>1061113
People still see ETH as just a coin, just another pump and dump game. I've been margin trading for 4 straight days now, I'm holding everything for the long run
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>>1061685
>Why would anyone sell now?

A lot of people made 3x profits over the past week, and are cashing out. Stop shilling please, this Pump & Dump is over.
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>>1061703
>this Pump & Dump is over

You have no idea what you're talking about
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>>1061706
Please explain then.
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>>1061675
Mining is pointless unless you have ridiculous equipment and free electricity
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Can anybody tell me how I now have ether in my wallet? Two days ago I had nothing and today I have over 100 and I didn"t do a damn thing and there are no transactions listed?
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>>1061840
God damn you are lucky. Someone accidentally sent them to the wrong address.
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>>1061844
Are you serious? I was pissed because I thought I mined some but then you guys said the testnet are not real coins. Today I open my wallet (not on testnet) and I have 46.05 ether. what the fuck.
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This is the adress that sent them to me, found it: 0x120a270bbc009644e35f0bb6ab13f95b8199c4ad
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Do some fundamentals on this shit. check the balance sheet of these company, check the SEC filings. It´s a pure pump and dump boyz.
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I enjoy cryptocoin trading but the chats and forums piss me off.
>"OBVIOUSLY a dead cat bounce"
>"CLEARLY a bull trap"
>"hexagon pattern"
99% of their tripe does not correlate to the market behavior at all. The worst part is, they seem to believe what they're saying.
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The slow descent into madness (and shitty obscurity)
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>>1061856
>SEC filings

This is cryptocurrency grandpa.
Read a newspaper or something
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>>1061863
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>>1061859
The chat is literally called "troll box"
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>>1061867
Hey, my pic got reposted. But it actually fits the scenario quite well. I really hope thats the case cause im willing to hold a few years.
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>>1061867
Wasn't that around the time China said they would start using bitcoin
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>>1061204
Problem with that would be that everyone who uses a contract would need to be tech savvy and understand code to some degree..

This seems a major barrier to entry
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>>1061867
>It happened once so it will happen again
This is how 99% of traders lose money
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>>1061909
I think it's intentional at this point, and I also think a major reason for all the shilling on 4chan is because this is still seen as a place to find intelligent members of the counterculture. Why else would anyone come here?
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>>1061918
>Intelligent members
Kek
How I buy pumpsy dumpy?
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>>1061906
China didnt even know what BTC was at that point. ASICs hadn't even been invented
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>>1061909

I think it's the inevitable future mate. More and more our industry is becoming tech orientated and industries keep replacing their workers for automatized production.

Of course I understand your fear of contracts with thousands of lines of code and the pain it would be to audit them, but this is still very beta so we should see how it progresses.

>>1061918
Also this.
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>>1061910
The entire market cap of cryptocoins is number 475 in the s&p500 you think it's implausible that a far more advanced cryptosystem wouldn't be able to overtake bitcoins market cap?
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>>1061927
>ASICs hadn't even been invented
>>
is NXEM/NEM going to have another pump?!

also ZCash, when?!
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Did ETH just crash?
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>>1061979
Kraken did, so it will go up after Kraken is fixed.
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>>1061937
Show me what bitcoin asics were available for the general public in Q1 2013
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>>1062000
Ok, won't start to panicsell just yet
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>>1061979
Lololol holy crap. Ethereum holders just BTFO
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>>1062014
Still holding. It will take a bigger dump than this to freak me out
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When I go to Kraken.com it automatically downloads a file.... wut?!

don't exit scam on muh coins lul. also kraken alternatives please? not a shitty one :/
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>>1062042
Poloniex.com
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>>1062042
Poloniex had some issues but seems to be good again
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>>1062050
Don't use Poloniex. That site is shady as fuck.
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>>1062048
poloneix doesn't take currency though right? Only btc/eth. Does anyone know another reliable eth/eur?
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>>1062053
In what way? I'm quite comfy overthere
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>>1062053
Polo is literally the least shady altcoin exchange and has the most to choose from
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>>1062055
Then go to Coinbase, buy BTC, wait 5 days, then use those on Poloniex.

If you want BTC quicker, use LocalBitcoins.
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>>1062056
>>1062063
Don't say I didn't warn you.
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>>1062065
kek.. is this 1940?
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>>1062070
Yes, banks and regulators appear to be stuck there. On the other hand once you release your money from the friction of the creaking fiat system everything after that is frictionless plain sailing.
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>>1062070
that's why BTC/ETH needs to take off.

Waiting 5 days for an ELECTRONIC bank transfer to complete is ridiculous.
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>>1062001
>changing goal posts
The first ASIC was built in in 1980.
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>>1062108
>>1062070
>>1062065
Bitstamp usually deposits within 24 hours.
In fact the European Union mandates an upper limit of 24 hours for bank transfers.
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>>1061142
The only thing Ethereum is going to do is make coders fuck up far less.

If you seriously fucked up that badly that you had an infinite loop in your code, then you shouldn't be programming contracts in the first place.

Coders are just going to learn not to fuck up and to think about the concepts of what they code before they release it.

Think about the big corporations that are going to lose money, if and when, they go about using Ethereum to try and cut out third parties. Think about all of the scams that people are going to pull, and guess who will take the brunt of it all? The coder who designed the dapp/contract. Ethereum are going to turn a swath of code monkeys into underpaid bootlicking code monkeys.

Ethereum/whatever succeeds is going to make coding a low-paying blue collar job for the next generation.

You're going to have a conversation with your grandson about how he can't decide on the military, a coding job, or a hyperloop train mechanic.
>>
>hyperloop

Well theres a white elephant if I ever saw one.

I wouldnt want to be a us taxpayer when that shit gets funded

They cant even get the channel tunnel to turn a profit i dread to think what will pan out with that novelty train set

It cant even carry freight and is slower than a plane. Why cant america just get hyundai to build an actual high speed rail system are they dumb
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>>1061438
>To the moon.


wh....who...who are you people

http://i.imgur.com/VwaSf4W.png
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Dont sell your ETH because its going down because of the Kraken maintenance, tomorrow it will rise again and we will all be fine.
ETH isnt a pump and dump, give it a while to get going.
Its going to take a while for ETH to rise but a crypto currency that gets shilled on /biz/, reddit, several websites and youtube channels and gets a place into Microshill Azure isnt going to go down just like that.

Give it time, we got the Brutus of BTC in our hands.
Days from now you're going to be wishing you bought double.
>>
I want to buy in because i know it will go up in value because a lot will invest. I do not think it will actually work of course. but if I Invest wait for it to go up then want to sell for real cash how would i do that? What could you even buy with this currency if you couldn't get back real cash. That is the main reason i am wary of investing in this.
>>
>>1062436
>not this shit again.jpg
>>
>>1062429
>a crypto currency that gets shilled on /biz/, reddit, several websites and youtube channels and gets a place into Microshill Azure isnt going to go down just like that.
>a crypto currency that gets shilled on /biz/, reddit, several websites and youtube channels

So... you mean just like every other shitcoin?
>>
>>1062067
This guy is a skiddie who is going to try and LOIC polo.
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>>1062383
Congressmen and Senators want to fund crazy shit made by Americans so they could say that they're the first to do it and are ahead of the curve whenever it comes to science n shit.
>>
>>1062457
It gets more love than most coins, a correction isnt fatal.
People are already buying low, take a look.
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>>1062472
>Hey Fred, how is are we going to make this shitcoin different from the rest?
>I don't know Bill, but maybe if it gets more love then people will buy it
>What about real world application?
>Naw let's just throw around a rumor that banks are using it
>Wtf, banks are really using it?
>No, that's just what were going to say
>Fucking brilliant, Fred.
>>
>>1062489
The rumour that the banks were using it has been going round for ages.

The confirmation was last week.

Moon time it just bounced up.
>>
>>1062429
>>Eth isnt a pump and dump
>>gets shilled on /biz/, reddit, several websites, youtube channels

You pretty much just outlined the reasons why it's a pump and dump. Microsoft is, again, going to be taken for a ride. The poor schmucks will never learn.

They're just supporting it because they believe that it could be the future for coding. But they don't realize that their cloud computing platform is going to get royally fucked whenever the MAID system and Storj comes online along with Eth just being one giant bubble concocted by some Russian who had the bright idea to conjoin a coding language and a cryptocurrency.
>>
doge popped its lipstick out atm
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>>1062494
>The confirmation was last week.
Nope
>>
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Back on track better strap on your moon boots this one will be bigger than the last
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All aboard the eth train! We're going to the moon boys!
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>>1062494
This, it draws attention to ETH so this shortage is going to work wonders.
People are selling because they fear a bubble cycle when Kraken gets up again.

Buy low
Sell high
To the moon
>>
>>1062406
what program is that?
>>
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>yfw crash in progress on polo
>>
http://www.bizjournals.com/newyork/news/2016/01/26/brooklyn-s-new-kid-on-the-blockchain-in-talks-with.html
>>
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>>1062622
>>
Kraken is just a white screen for me. Is it down for maintenance?
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>>1062638
Dunno m8 think their site was sabotaged by cloudfare.
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>>1061083
>run-time is extremely slow
>highly expensive computations
>computational decisions take 60s
>>
>>1062711
GLOBAL

EXECUTION

ENVIRONMENT
>>
>>1062711
Better than the current system where it takes a week and an army of people to sell a fucking house

http://youtu.be/Jl_R9ZndeNs

Using ethereum saves banks time and money
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>>1061083

I'm thinking of buying $100 in Ether just for kicks.

Thoughts?

Also I have a mac, so what's the best way to buy some and store it on my computer?
>>
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>>1062732
I don't know anything about macs. But you can store it like bitcoin in a paper wallet generated here: myetherwallet
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>not buying dogecoin
>buying shitty ether coins instead
>2016
>pic related
>also this is now a DOGE thread
>>
>>1061438
> 3-month Accelerator programme

only 3 months then the moon. get your moon boots boys. here we go.
>>
>>
>>1062743
Protip: ethereum guys are huge doge whales. This doge pump is to gain enough power to buy massively eth.
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>>1062726
Are you fucking retarded? Where you born a sperg? Did your mother drop you? The reason it takes forever is, because of the financial crisis. Banks will not give you a loan until they check your grandmas pussy.

This system is so complex the Founders literally tell you they don't know what it is. This is good for a short-term investment, because they are trying to shill their complex product before anyone figures out its trash.
>>
>>1062956
this.
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Won't this just go to the moon since people in general are pretty stupid? I mean can't it consistently go up and be bullshit? I'm seriously considering buying a lot on that logic. I'm pretty drunk though idk. I'm gonna do it.
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>>1062769

>ethereum guys are huge doge whales

they are?
>>
>>1062995
>>1062769
Hell yeah. Read this, his roommates are all huge crypto shills in general http://fusion.net/story/47172/the-young-stars-of-bitcoin/
>>
>>1061085
>>1061088
>>1061095
>>1061113
>>1061117
>"guys people are shilling this"
>shill immediately shows up claiming it isnt

no fucking finesse.
>>
where can i invest?
>>
Ethereum is very useful, to make more BTC as you dump it on dumb casuals.
I can't wait for sidechains to get rid of all the memecoins.

>inb4 vaporware copers
>>
I look at the candlestick charts of ETH/XBT and see a shadow dump every day of a large volume of ETH. It averages out to 15%-20% drop in ETH/XBT every day someone does this dump, but the market recovers.

What does this mean? Who does large dumps almost on a daily basis?
>>
>>1064937
What market?
Thread replies: 124
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