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2
Posted on 7/7/17 at 10:57 am to houndstoothornet
Haven't been keeping up lately. What is causing ETH to fall recently?
Posted on 7/7/17 at 11:02 am to Rover Range
Well some dumbass sold thousands of ETH in a market order and caused a crash down to $13 and it spiked back up in less than a second. That caused some panic and ever since the price has slowly been falling.
Posted on 7/7/17 at 11:27 am to houndstoothornet
quote:
Wait until Ethereum switches to metropolitan.
When is this expected?
Posted on 7/7/17 at 12:59 pm to ithad2bme
quote:
Metropolis (Ethereum 3.0) - This upgrade is slated for Aug/Sept and will be the first upgrade since Homestead (Ethereum 2.0) from early last year and for reference Frontier (Ethereum 1.0). Metropolis will bring with it some huge upgrades.
Raiden - Currently Ethereum can process a max of 15 transactions per second, Bitcoin can do about 7. This is nowhere near what Visa does at 40k/tx per second. You've heard of Bitcoins lightening network which will enable Bitcoin to do infinite tx/sec? Well Raiden enables the exact same thing on Ethereum by creating what are called "Payment Channels". Not gonna go into too much detail but it's like Bob and Carol agree to put a $100 deposit into an account and write notes saying one or the other owes $x amount, then on a predetermined day one of you squares up the account by making one large transaction on the Ethereum blockchain.
ZN-Snarks - You know how your friends tell you Ethereum isn't anonymous like Monero or ZCash? Well ZK-Snarks will enable you to selectively make transactions public or private. It's the same standard used for ZCash but implemented on the protocol level on top of Ethereum. This is a big part of Enterprise Ethereum Alliances road map which is why JP Morgan is working with ZCash to implement it into Quorum (JP Morgan private Ethereum Chain) as well. Ethereum is basically taking all the best features from other coins and implementing them.
Ice Age - Currently, there are ~93 Million ETH circulating with 5 ETH created every 15 seconds (15% annual inflation) during the last upgrade (Frontier) there was an "Ice Age" coded into Ethereum which would slow down the creation of ETH on a curve that would eventually freeze up Ethereum. The reason for this was to force the developers to finish up Metropolis before the network froze up. One side effect of the ice age is that the creation of ETH slows down thus reducing the rate of inflation but also increasing the transaction time. We're beginning to see the first effects of it and by August it'll be 5 ETH created every ~30 seconds.
Casper - Shortly after Metropolis, Ethereum will release the actual figures for Casper as well as the first of 5 phases which will move Ethereum from PoW (Proof of Work) using mining rigs and computers to approve transactions to PoS (Proof of Stake). What happens with PoS is instead of miners running all the time, you will have people holding ETH "Stake" their ETH and basically lock their ETH up in a smart contract while running software on their internet connected computer. In return for locking their ETH up, they will earn interest on it at an undermined rate (figures Vitalik has floated around varies from 6-12% annually). Not everyone will be able to stake, Vitalik has stated that the inflation rate of ETH will drop from 15% currently down to 0-2%. With basic supply and demand math you should be able to figure out what that means for the price.
IF all the above ever comes to fruition, ETH will be in moon territory. Have to get through the btc forking fiasco first though.
Posted on 7/7/17 at 1:06 pm to Odinson
So will current ETH convert into Metro or will it be a new currency market I have to buy into? I would like to prepare for this.
Posted on 7/7/17 at 1:29 pm to 50_Tiger
ETH is ETH from what I understand. These are upgrades to the network, not a completely new entity.
Posted on 7/7/17 at 1:42 pm to dkreller
How was etherium classic created? It was just someonr deplouing a fork and network picking up on it right? Not all people that started with etherium and left on their own fork while the product moves forward?
Posted on 7/7/17 at 1:53 pm to oklahogjr
ETC (Classic) is the original ETH developer.
There were 2 camps about future development and use. He left to start the competing ETC committed to his pure creative vision and vows to dwarf ETH.
There were 2 camps about future development and use. He left to start the competing ETC committed to his pure creative vision and vows to dwarf ETH.
Posted on 7/7/17 at 2:29 pm to Odinson
(no message)
This post was edited on 1/3/19 at 10:02 am
Posted on 7/7/17 at 2:34 pm to oklahogjr
ETC is the original Ethereum. When hackers stole some ETH (I think that's a crude explanation of events), there was conflicting thoughts over whether or not it should have been corrected. There was a division of ideology on Ethereum so ultimately they agreed to correct whatever had happened and then create a fork to make ETC and ETH.
Posted on 7/7/17 at 3:30 pm to Odinson
So based on that, my current strategy is to try to make some money in alt coins while eth dips and then jump back on board when it looks like people are starting to buy the hype of eth 3.0.
I watch these on my extra monitor all day while I work, so hopefully I don't miss when things start moving.
I watch these on my extra monitor all day while I work, so hopefully I don't miss when things start moving.
Posted on 7/7/17 at 3:38 pm to ithad2bme
Good luck to you. But just a warning, the alt-coin market is rough right now. It seems like every 5% bump is immediately followed by at least a 10% drop. I think the research and hodl people are the smart minds around here.
Posted on 7/7/17 at 5:03 pm to KamaCausey_LSU
Looking like a slumpy weekend for eth. Not a whole lot of reasons to buy right now.
Posted on 7/7/17 at 5:54 pm to oklahogjr
quote:
How was etherium classic created? It was just someonr deplouing a fork and network picking up on it right? Not all people that started with etherium and left on their own fork while the product moves forward?
It was in response to the DAO hack... you can read more here
Posted on 7/7/17 at 7:12 pm to MoarKilometers
That's right....I knew it was some sort of hack that ultimately caused the hard fork. I didn't feel like googling.
Posted on 7/7/17 at 8:35 pm to dkreller
how can i buy antshares? do i need to buy btc, transfer it to another trading platform, and convert? if possible, please provide step by step
ETA: looks like bittrex is the only platform that has this available.
ETA: looks like bittrex is the only platform that has this available.
This post was edited on 7/7/17 at 8:44 pm
Posted on 7/7/17 at 11:52 pm to thatguy777
Buy btc, eth, or usdt on something like Gemini, coinbase, etc.
Send to respective wallet on bittrex
Buy antshares on bittrex
Send to respective wallet on bittrex
Buy antshares on bittrex
Posted on 7/8/17 at 5:12 am to Odinson
I cashed out my ETH and am waiting until end of July or beginning of August to buy back in. I sold on the low end, but still ended up doubling my money. Not much happening for the rest of july as far as I can tell so I expect a slow bleed down to the low 200s until we get some news.
Posted on 7/8/17 at 6:30 pm to Odinson
quote:
IF all the above ever comes to fruition, ETH will be in moon territory. Have to get through the btc forking fiasco first though.
Can you explain what you mean about BTC? I am still having issues with Kraken and depositing money. I found out there's a BTC ATM in town and I'm thinking of just going and buying some there so I can then buy ETH, etc. But should I be holding off from buying BTC?
What is everyone thinking on ETH, it's going to keep dropping or should I pick some up? I am thinking about getting Golem as well. Has anyone heard of Sonm and Civic? A friend said he picked some of that up.
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