>>1064424 You're welcome. Still the same pump and dump it always was. Also, don't listen to shills that say banks are using it. They tested a bunch of blockchains along with BTC and Ripple but are not USING them. Don't fall for bullshit.
>>1064385 Sorry in august? I misread your OP. I honestly have no idea. I think there was a developer conference around then, and a few devs and other companies invested in ether, maybe some devs who were planning to build a dapp on the platform. That is my theory anyway.
Oh wow this whole conversation is really bad. I think I'm going to have to leave this place for a while. Just when you think it's getting better and the shitcoin posts die down, a whole new generation of shitposters spring up. At this rate I'm thinking /biz/ will always be shit.
1.Prior to August Ether wasn't even tradable because all the coins were still frozen in the Genesis block. Someone however created a coin called "Ethercoin" that worked on the idea that if you bought those coins the seller would give you actual Ether after the thawing period ended. Ethercoin was tradable on Polo I believe 2. The IPO price averaged around 40 cents, however it had happened over a year prior to the Genesis thawing. Those initial investors had not been able to touch the money since that time. 3. Users had to manually unthaw there coins by installing frontier and importing there .JSON files before they could even sell coins.
So basically the "Ethercoin" had been speculatively traded and got pretty high priced. Then the Genisis thaw happened and a ton of IPO invested dumped because they were looking at nearly a 10x profit, so price crashed. Then as the network came online everyone who wasn't an IPO invested started to buy in and the price pumped. Finally people realized, "oh ya we can't actually do anything with this stuff yet", and the price crashed a little more slowly.
In short it was a unique time period that was kinda a one time thing.
>Go to Kraken >Takes 3 days to get verified (Hurr anonimity) >Takes another 2 days to link bank account to upload cash >Go to their Reddit looking for news >https://www.reddit.com/r/Kraken/ >Threats of class action lawsuit everywhere >What_done.jpeg
LOL, these fucking shitcoins are all a joke. Including BTC.
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