Sometimes I think what's needed for people to accept this whole crypto bulls*it as a scam it is.
Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
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Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#22Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#23I like to hate on ETH as much as anyone else, but isn't it also normal for stock market "whales" to buy/sell in smaller chunks to not move the market by much with a giant order? Since ETH is based on a completely transparent ledger and not a privacy focused coin like XMR, all wallet amounts are public so you can see if a giant wallet pops up or transfers out to known exchanges - meaning a sale is taking place. So, it…
Why do you say that you hate ETH and everyone else does? Any backround?
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#24Wait… I put all of my retirement and kids’ college money into ETH. I told my friends and family to do that too so we can get rich. Was that a bad idea? My brother said he didn’t trust his money to a 27-year-old Russian kid who looks like a tweaker. My brother doesn’t know how to write code, I told him to do the research. Should I be nervous or start shopping for a Lambo?
Good thing he doesn't even choose the codenames of the sub projects, let alone do all of the work or hold all of the keys to the kingdom. Realistically, the validators do.
I saw The Validators open for Judas Priest at some casino in Palm Springs a couple of years ago.
Re: Ethereum co-founder recorded explaining how to “disguise” ICO ETH purchases
#25I like to hate on ETH as much as anyone else, but isn't it also normal for stock market "whales" to buy/sell in smaller chunks to not move the market by much with a giant order? Since ETH is based on a completely transparent ledger and not a privacy focused coin like XMR, all wallet amounts are public so you can see if a giant wallet pops up or transfers out to known exchanges - meaning a sale is taking place. So, it…
Proof of stake. PoS a flawed idea from the outset, but you can kind of try to fake it and make it work for a while if people believe that the coins are well distributed. Over the long term, the large whales will eventually consolidate more and more power, but hey, that's tomorrow's problem. But if in reality there's just a handful of silicon valley tech bros and VCs who control the majority of the supply, and thus ca…
I know many ppl from ETH ICO.
Most of them sold it under 20 usd per eth
SO your probable worries are not valid. There were 2 bear markets since eth ico.
Solana has this exact issue though... since launch it goes only up (relatively) and money raised from VC were much bigger (eth ico was only circa 10mln usd)
FYI