101–110 of 255 posts
For anyone wondering, 45k ETH is about 7.65M USD.
I wonder what happens if someone wants to liquidate this amount to USD immediately. Has ether got enough liquidity to handle it :)
Earlier quoted context omitted.
ETH Balance: 43,432.963 ... is the important figure. At the bottom you can see the transactions coming in. First incoming transaction seems to be from Jul-17-2017 01:01:21 PM. View all > last page.
Over €6,000,000 at current prices.
Who knows what the price will be next week, but it won't be anywhere near €6,000,000 if they try to sell that much at once.
Earlier quoted context omitted.
Wait what? I'm not up to date on all the cryptocurrency going-ons. What's this referring to?
One of the main Ethereum code-contracts, the DAO ( https://en.wikipedia.org/wiki/The_DAO_(organization) ) had a bug in its code, and someone exploited that bug to extract the value from it. Rather than accept that as consistent with their view of "the code is the contract", the Ethereum developers hard-forked the currency to reverse that result and give everyone their money back.
For anyone wondering, 45k ETH is about 7.65M USD.
I wonder what happens if someone wants to liquidate this amount to USD immediately. Has ether got enough liquidity to handle it :)
The full title on the link is: "Breaking: CoinDash’s Token Sale (ICO) Website Has Been Hacked." This submission is disingenuous at best, as it implies the ICO contract was hacked: someone hacked the webpage and changed the token sending address. Edit: Looks like the title was updated. :)
'Reminder: if someone makes a token sale that gives discounts to large buyers, this can be circumvented via collective-buying smart contract.'[0]
I think people are going to start understanding how to navigate the new investment waters. It's going to take time. I still don't have as many sources of info in the area as I'd like. That too -- if the market continues to develop -- will change in time.
[0]: https://twitter.com/VitalikButerin/status/886191450727297024
Earlier quoted context omitted.
As someone who ran a gas station convenience store for six years, I can tell you that this is not a universal truth. We did require a minimum purchase amount to accept cards, but we most certainly did not raise our prices in response to credit card fees.
So there's a party that takes n% of a big percentage of your purchases, yet that doesn't affect the prices? How?
Earlier quoted context omitted.
> One of the hugely compelling benefits of cryptocurrencies is they entirely eliminate the necessity for such middlemen taking a cut and driving up costs for the parties actually partaking in the transaction. Don't all bitcoin transactions require a transaction fee in order to get processed these days?
I paid ~$0.60 to transfer ~$900 of Bitcoin the other day. For that amount it's not too bad, but you'd pay basically the same if you are paying for a $3 coffee. The transaction fee is based on the byte size of the transaction, not the monetary amount, so in it's current form it doesn't make sense to use Bitcoin for low-value transactions.
Aren'y all bitcoin transaction really close to the same size? The amount being transferred doesn't change the size an integer contain 1 and another container 1,000,000,000 take the same amount of space (32 or 64 bits) because the spec says so.
I thought transaction fees encouraged miners to include your block in a transaction.
Earlier quoted context omitted.
> One of the hugely compelling benefits of cryptocurrencies is they entirely eliminate the necessity for such middlemen taking a cut and driving up costs for the parties actually partaking in the transaction. Don't all bitcoin transactions require a transaction fee in order to get processed these days?
I paid ~$0.60 to transfer ~$900 of Bitcoin the other day. For that amount it's not too bad, but you'd pay basically the same if you are paying for a $3 coffee. The transaction fee is based on the byte size of the transaction, not the monetary amount, so in it's current form it doesn't make sense to use Bitcoin for low-value transactions.
Earlier quoted context omitted.
What are you talking about? The dollar loses to inflation every year. A 1990 dollar is $1.87 in 2017 dollars.
I think GP means that if you have $100 in your bank it'll still be there tomorrow, not randomly erradicated by volatile swings in the market or stolen with no way to get it back. That said this is only true if you have faith in your government.
Having hard limits on what governments can do is obviously beneficial especially for less informed people.