Post 2820920 by oceanusR337@social.nasqueron.org
(DIR) More posts by oceanusR337@social.nasqueron.org
(DIR) Post #2791013 by bigl0af@social.foxfam.club
2019-01-09T04:59:31.083256Z
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@oceanusR337Heard about the ethereum 51% attack?
(DIR) Post #2818379 by oceanusR337@social.nasqueron.org
2019-01-09T13:43:32Z
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@bigl0af Yes – but it's Ethereum Classic (ETC) not Ethereum. The most interesting thing about it is that the price hasn't dropped ... meaning most people haven't sold, and are keeping the price up. https://www.ccn.com/ethereum-classic-losses-top-1-million-after-51-attack-coinbase-research/
(DIR) Post #2818380 by bigl0af@social.foxfam.club
2019-01-10T01:37:36.905003Z
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@oceanusR337I find that fascinating honestly
(DIR) Post #2819921 by oceanusR337@social.nasqueron.org
2019-01-10T02:15:33Z
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@bigl0af Which part fascinates you? and is it affecting your thinking?
(DIR) Post #2819922 by bigl0af@social.foxfam.club
2019-01-10T02:39:59.472297Z
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@oceanusR337It definitely is reinforcing my notions. I can't help but hearing in my head the wisdom of Ron Paul - "all fiat currencies fail".The fascinating part is that, if you believe https://coinmarketcap.com/currencies/ethereum-classic/#charts, since this 51% attack:1. Over 30 days the spot price it's *up*! This is IN-SANE! "You had one job, you demonstrably failed... Eh you must be worth more than I thought"! Something is up there...2. All the major exchanges stopped #etc trading - so where are the spot prices coming from on coinmarketcap.com? According to https://coinmarketcap.com/methodology/ - "The price for each individual market pair is calculated by taking the unconverted price reported directly from the exchange and converting it to USD using CoinMarketCap’s existing reference prices". Something doesn't add up - I'd expect at least a 3 day period of $0. If you can't buy or sell at these exchanges, and they're the source of price, you can't honestly say it has any price. Who's lying?So much more too! It's fascinating to unpack 😀
(DIR) Post #2820920 by oceanusR337@social.nasqueron.org
2019-01-10T03:00:24Z
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@bigl0af I think most people have wised up, and the rest are coming fast. They know that the whole crypto thing is a big ball of wax, for the entire world, and that none of it will ever be perfect immediately. But after 100+ years of bank slavery, everybody wants change ... and wants it NOW. I'm 59, and my eyes opened up 3-4 years ago. My thinking is changed, and I'm not going back!
(DIR) Post #2821073 by bigl0af@social.foxfam.club
2019-01-10T03:23:18.339004Z
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@oceanusR337Right and I'm down with the change, but it has to be change for the better. But I think this illustrates why ultimately jumping out of the fiat pot and into the fiat fire is going to end badly. The change needs to be moving towards sound money.Another point of interest is how etc, #zencash, and #ltc communities all discounted the 51% attack as "practically impossible, because hash rate"... Until it happened. At this point I think many folks stopped accepting money backed only by "full faith and credit of government" with "full faith and credit in tech" it's still faith. It's still fiat. It'll still burn ya
(DIR) Post #2821110 by oceanusR337@social.nasqueron.org
2019-01-10T03:20:18Z
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@bigl0af BTW, if you haven't graduated yet to CoinGecko, you should check it out. It's much better than CoinMarketCap, and covers about 50% more currencies. https://www.coingecko.com/en/coins/all
(DIR) Post #2821111 by bigl0af@social.foxfam.club
2019-01-10T03:26:51.241062Z
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@oceanusR337Right but still, CMC is a known, maybe respected(?) source. The question remains - are they making the pricing and market cap up? Their data and methodology cannot both be true... Someone's lying...